Morning Glance 23rd July 2026 - ARETE Securities Ltd
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The markets are expected to open marginally lower today as trendsin GIFT NIFTY indicate a negative start for the broader index afterNIFTY closed 191 points lower at 23,996 on Wednesday.
Apollo Micro Systems
The company received an Indian Navy Make-II Prototype Sanction Order todevelop SAVIOR-ASW, an indigenous semi-submersible autonomous vesselfor anti-submarine warfare surveillance.
Bajel Projects
The company executed an agreement with Egyptian Electricity TransmissionCompany for its previously announced >Rs 400 crore 500 kV transmission lineEPC project in Egypt.
Bharat Forge
The company signed an MoU with FLYING WHALES to jointly develop andmanufacture 60-tonne heavy-lift airships in India for defence, strategiclogistics, and national security applications.
Ebix
The company's subsidiary, EbixCash World Money, received RBI approval toundertake trade remittances, becoming India's first non-bank AD-II licenceholder authorized for the service.
Paras Defence and Space Technologies
The company's subsidiary, Paras Semiconductors, signed an MoU withMPSeDC to establish a greenfield advanced IC packaging OSAT facility inMadhya Pradesh, with a proposed investment of ~Rs 6,200 crore.
Saatvik Green Energy
The company's material subsidiary received a Rs 138 crore order from adomestic independent power producer/EPC player to supply solar PVmodules, to be executed by December 2026.
Sona BLW Precision Forgings
The company partnered with DENSO Corporation, Japan, to form two JVs inIndia for electric and hybrid powertrain systems across 2W/3W/4W/CVs,while transferring its 2W/3W EV powertrain business into a 51:49 JV(Sona:DENSO) at an EV of Rs 1,750 crore, with transaction closure ~byMar-27.
SRF
The company approved Rs 250 crore capex to set up a 25,000 MTPA BOPETthick film line, with commissioning in ~24 months.
TVS Motor Company
The company launched the 125cc TVS Raider motorcycle in Egypt,expanding its premium commuter portfolio and strengthening its NorthAfrica presence.
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