Stock Insights : ACME Solar Ltd, Cochin Shipyard ltd, Dilip Buildcon Ltd, Poly Medicure Ltd, Swiggy Ltd, Torrent Power Ltd - ARETE Securities Ltd
Market Updates
The markets are expected to open marginally lower today as trends in GIFT NIFTY indicate a negative start for the broader index after NIFTY closed 32 points lower at 25,169 on Tuesday.
ACME Solar
The company secured Rs.1,100 crore refinancing from SBI for its 300 MW Rajasthan project, reducing financing cost and strengthening credit profile.
Cochin Shipyard
The company signed MoUs with HD Korea and Guidance to build large vessels, invest Rs.3,700 crore, and boost India’s shipbuilding capabilities.
Dilip Buildcon
The company through DBL-PSP JV emerged as the L1 bidder for Rs.1,115.37 crore EPC industrial corridor project at Palakkad Node, Kerala.
Hindustan Construction Company
The company won Rs.2,566 crore Patna Metro contracts for 10.67 km underground tunnels and six stations under Phase I development.
Indian Hotels Company
The company acquired 2,01,659 shares of ELEL Hotels for Rs.101 crore through rights issue, consolidating ownership and supporting Taj Bandstand project.
KNR Constructions
The company received Rs.459 crore LOA in Telangana for flyovers, road widening, and development works on EPC basis with 24 months duration.
Lemon Tree Hotels
The company signed Keys Prima Varanasi with 153 rooms and Keys Select Rewa with 50 rooms, and opened Keys Lite Krishna Vijayawada with 44 rooms.
Poly Medicure
The company, through subsidiary RisoR Holdings B.V., completed acquisition of Netherlands-based PendraCare Group, securing 90% economic rights and expanding global presence.
Prism Johnson
The company was declared preferred bidder for Hinauti-2 limestone block in Satna with 4.419 million tonnes cement-grade reserves.
Swiggy
The company approved Rs.1,968 crore sale of Rapido stake to MIH Investments and slump sale transfer of Instamart business to subsidiary.
Torrent Power
The company acquired 100% of Newzone Power Projects and 49% of Newzone India for Rs.211 crore to develop the Madhya Pradesh thermal project.
Zaggle Prepaid Ocean Services
The company entered into an agreement with Mastercard to launch and promote co-branded domestic prepaid cards on its network.
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