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2026-05-22 09:31:40 am | Source: ARETE Securities Ltd
Morning Glance 22 May 2026 - ARETE Securities Ltd
Morning Glance 22 May 2026 - ARETE Securities Ltd

The markets are expected to open marginally higher today as trends in GIFT NIFTY indicate a positive start for the broader index after NIFTY closed 4 points lower at 23,655 on Thursday.

 

Adani Ports

The company completed acquisition of Jaypee Fertilisers and incorporated new wholly-owned subsidiary Astro Ship Management Angola, expanding port services footprint.

Adani Power

The company completed acquisition from Jaiprakash Associates Ltd of 24% stake in Jaiprakash Power Ventures Ltd, the 180 MW Churk thermal plant, and 11.49% stake in Prayagraj Power Generation Co. Ltd.

Dalmia Bharat

The company’s subsidiary DCBL signed a business transfer agreement with JAL and Adani Infra to acquire cement plants in MP and UP with 5.2 MnTPA cement capacity, 3.3 MnTPA clinker capacity, 99 MW thermal power capacity and railway sidings for Rs 2,850 crore, increasing Dalmia Bharat’s total cement capacity to 54.7 MnTPA.

Eicher Motors

The company plans to acquire 50% stake in Volvo Financial Services via Rs 750 crore investment, forming a 50:50 JV to capture vehicle financing revenue.

Ganesha Ecosphere

The company’s subsidiary dropped its proposed 67,500 TPA Odisha rPET project and approved 22,500 TPA capacity expansion at its Warangal unit by March 2027, taking total installed rPET granules capacity to 87,000 TPA with planned investment of Rs 125 crore.

Kirloskar Electric Company

The company received NCLT approval for merger of its 4 subsidiaries into the company, consolidating operations under a single entity.

Man Industries

The company's subsidiary acquired 100% stake in National Pipe Co, Saudi Arabia, adding 4.3 lakh MTPA of pipe manufacturing capacity.

Maruti Suzuki

The company will hike prices by up to 30,000 across its portfolio effective June, passing on sustained input cost increases.

Varun Beverages

The company signed a revised 10-year EBA with PepsiCo India extending till April 2049, with restrictions removed allowing it to operate beyond SPV constraints.

 

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