Nifty indicate a positive start for the broader index - ARETE Securities Ltd
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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 118 points higher at 22,474.05 on Wednesday.
Hindustan Aeronautics:
The company has amended the LCA IOC contract, increasing its value from Rs 2,700.87 crore to Rs 5,077.95 crore.
Glenmark Pharmaceuticals:
The company has commenced the sale of 55% of ita stake in its subsidiary, Glenmark Life Sciences, to Nirma.
GPT Infraprojects:
Company has announced the procurement of a significant contract valued at Rs 135 crore from North Central Railway, Uttar Pradesh.
Life Insurance Corp.:
Expanding its ownership, the insurer has raised its stake in LIC Mutual Fund from 40.93% to 44.61% via a private placement.
Mahindra & Mahindra:
Promoter Prudential Management and Services has proposed the sale of up to 93 lakh shares, equivalent to 0.75% equity in the company, for Rs 1,832 crore.
Asian Paints:
The company's subsidiary has finalized agreements with Gujarat Chemical Port to establish an ethylene storage and handling facility in Dahej, Gujarat.
Jupiter Wagons:
The Ministry of Railways has placed a substantial order worth Rs 956 crore with the company for the manufacture and supply of 2,237 BOSM Wagons.
Exide Industries:
Allocating Rs 70 crore, the company plans to invest in unit Chloride Metals to support its long-term capital needs.
Subex:
The company has announced a recent agreement with a prominent telecom operator in Southeast Asia, committing to implement its advanced business assurance and fraud management solutions on Hyper Sense.
NLC India:
The government has initiated a plan to divest up to 9.71 crore shares, inclusive of the green shoe option, through an offer for sale at Rs 212 per share.
RedTape:
The company incorporated REDTAPE Sports Goods in China.
Please refer disclaimer at http://www.aretesecurities.com/
SEBI Regn. No.: INM000012740
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