Stock Insights : Adani Enterprises Ltd, Adani Power Ltd, Apollo Hospitals lTD, Ceigall India Ltd, Engineers India Ltd, Yatharth Hospitals 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 108 points higher at 25,114 on Friday.
Adani Enterprises
The company’s arm ARTL signed SPA to acquire 100% stake in DPJ TOT Toll Roads for enterprise value up to Rs.1,342 crore.
Adani Power
The company signed a 25-year PSA with Bihar State Power Generation for 2400 MW supply from a Pirpainti greenfield ultra super critical plant.
Apollo Hospitals
The company will acquire 99.42% in Apollo Health and Lifestyle for Rs.301.09 per share and invest Rs.573 crore expanding Chennai Proton Centre.
ASM Technologies
The company signed MoU with Tamil Nadu Government to invest Rs.250 crore expanding ESDM design-led manufacturing and precision engineering capacity in Hosur.
Ceigall India
The company emerged as L1 bidder for Rs.509.20 crore GMADA contract to construct internal roads at Aerotropolis SAS Nagar with allied works.
Diamond Power Infrastructure
The company received Rs.236.71 crore LOI from Adani Energy Solutions for supplying 5,403 KM AL-59 Zebra Conductor for Jamnagar project.
Engineers India
The company secured a $74 million contract to provide PMC and EPCM services for a new fertilizer plant project in Africa.
RailTel Corporation of India
The company received Rs.2,09.79 crores LOA from Bihar Education Project Council for PM SHRI education quality enhancement implementation.
Shakti Pumps
The company secured orders worth Rs.616.30 crore from MSEDCL as 22,451 off-grid solar pumps were fully booked by farmers in Maharashtra.
Tata Technologies
The company’s subsidiary signed a definitive agreement to acquire Germany-based ES-Tec Group for €75 million, strengthening ER&D capabilities and European presence.
Texmaco Rail & Engineering
The company received Rs.129.09 crore LOA from Rail Vikas Nigam for 2*25 KV traction overhead equipment works in Nagpur division.
Yatharth Hospitals
The company acquired Shantived Hospital in Agra for Rs.260 crore all-cash, adding 150 operational beds with 250 expandable capacity.
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