Stock Insights : Adani Energy Solutions Ltd, Chalet Hotels Ltd, Lupin Ltd, Oil India Ltd, PTC Industries Ltd, Shakti Pumps Ltd - ARETE Securities Ltd
Market Updates
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 97 points lower at 24,487 on Tuesday.
Adani Energy Solutions
The company incorporated a wholly owned subsidiary Adani Energy Solutions Step-Sixteen for transmission, distribution, and supply of power and related infrastructure services in India.
Chalet Hotels
The company’s subsidiary Mahananda Spa and Resorts acquired 18,848 sq m land in Uttarakhand for Rs.60 crore to expand luxury hospitality.
Gland Pharma
The company received USFDA approval for Cangrelor for Injection 50mg/vial with 180-day exclusivity as a generic equivalent to Kengreal.
HBL Engineering
The company received Rs.54.12 crore order from West Central Railway for KAVACH equipment installation across 18 stations covering 166 km.
Inox Green Energy Services
The company signed an agreement for comprehensive O&M of 182 MW wind projects with a leading Indian conglomerate’s renewable arm.
Lupin
The company partnered with Sandoz to manufacture and license its ranibizumab biosimilar for commercialization across EU, Switzerland, Norway, Australia, Hong Kong, Vietnam, Malaysia, and Canada.
Mahindra & Mahindra
The company’s arm MHL will invest up to Rs.1,080 crore in MSPL’s rights issue to fund renewable power project execution.
Neogen Chemicals
The company raised Rs.200 crore via private placement of NCDs to fund growth projects and rebuild its Dahej SEZ organic chemicals plant.
Oil India
The company signed a joint operating agreement with ONGC for three OALP-IX exploration blocks covering about 10,965 sq km.
PTC Industries
The company signed an MoU with Kineco Aerospace & Defence to jointly develop and manufacture advanced aerospace components and structural assemblies in India.
RateGain Travel Technologies
The company partnered with Air Astana to provide AI-powered airfare pricing insights enhancing agility and competitiveness across Central Asia and global routes.
Shakti Pumps
The company received LoE from MSEDCL for 34,720 off-grid solar pumps worth Rs.1,037 crore under Magel Tyala Saur Krushi Pump Yojana.
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