Stock Insights : Aditya Birla Real Estate, Bharti Airtel, JSW Steel, L&T Finance, Poonawalla Fincorp, Protean eGov Technologies Ltd - ARETE Securities Ltd
Market Updates
The markets are expected to open marginally higher today astrends in GIFT NIFTY indicate a positive start for the broader indexafter NIFTY closed 100 points higher at 25,103 on Monday.
Aditya Birla Real Estate
The company secured Rs.420 crore investment from IFC for Pune and Thaneprojects via SPVs with 44% IFC stake.
Aurionpro Solutions
The company won a $2.5 million multi-year deal in Sri Lanka to deploy itsiCashpro platform with AI features from Arya.ai and Fintra.
Bharti Airtel
The company awarded a multi-year managed services deal to Ericsson tooperate its pan-India network including 4G, 5G, FWA and slicing.
JSW Steel
The company reported May crude steel output at 22.73 lakh tonnes up +8%YoY with YTD production at 47.56 lakh tonnes up +13% YoY
Kalpataru Projects
The company secured Rs.3,789 crore orders including its largest B&F orderfor 12 million sq ft residential buildings with facilities on design-build basisand overseas T&D work.
ITD Cementation
The company bagged a Rs.893 crore contract including GST for Greenfieldjetty development work in Odisha.
L&T
The company secured a significant order from JSW Energy for executing the1,500 MW Bhavali PSP project in Maharashtra, including full civil works.
L&T Finance
The company completed acquisition of PMFL’s Rs.1,350 crore gold loanbusiness, including 130 branches and ~700 employees.
Poonawalla Fincorp
The company launched Business Loan 24/7, a fully digital MSME loan facilitywith instant approval using a risk-first model and STP-based onboarding.
Protean eGov Technologies
The company won a Rs.100 crore order from Bima Sugam India Federation tobuild and manage its unified digital insurance marketplace.
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