28-03-2024 09:34 AM | Source: ARETE Securities Ltd
Nifty closed 119 points higher at 22,123.65 on Wednesday - 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 119 points higher at 22,123.65 on Wednesday.

 

Bharat Heavy Electricals:

The company has received an order worth Rs 4,000 crore from AdaniPower to erect a thermal power plant in Chhattisgarh.

Dr Reddy’s Labs:

The pharmaceutical company has forged an exclusive distributionalliance with Sanofi Healthcare India to market and distribute SHIPLvaccine brands, encompassing established vaccines for both childrenand adults, across India.

GOCL Corp:

The business has inked an MoU with Squarespace Infra City, Hyderabad,for the monetization of about 264.50 acres of land in Kukatpally,Hyderabad.

NHPC:

The board has greenlit a strategy to secure Rs 6,100 crore throughmarket loans in stages for FY25 and provisionally agreed to thediscontinuation of the Loktak Downstream Hydroelectric project inManipur, pending governmental consent.

Zaggle Prepaid Ocean Services:

The company is set to acquire a 45% share in Span Across IT Solutions,investing Rs 24.75 crore to venture into a new domain of employeecentric business.

Blue Dart:

The firm launched a 20-hour delivery service connecting major metroswith GIFT City, utilizing a fleet of eight Boeing aircraft.

Shiva Cement:

The board has sanctioned a rights issue to release shares valued atRs 400 crore.

REC:

The company has endorsed a market borrowing strategy for FY25,amounting to Rs 1.6 lakh crore, via various financial instruments.

SRF:

The company has provided corporate guarantees amounting toRs 190 crore for its fully owned subsidiary, SRF Industries (Thailand).

Exide Industries:

The firm has infused Rs 34.99 crore into its subsidiary, Exide EnergySolutions, through a rights issue, bringing the total investment toRs 2,000 crore.

Info Edge:

The company has committed to an investment of Rs 30 crore in NaukriInternet Services.

 

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