Stock Insights : Afcons Infrastructure Ltd, Ambuja Cements Ltd, Dixon Technologies Ltd, Magellanic Cloud Ltd, One 97 Communications 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 100 points lower at 25,111 on Thursday.
Afcons Infrastructure
The company was declared L1 for two road construction packages in Croatia worth Rs.4,535.44 crore by Croatian Motorways.
Ambuja Cements
The company received NSE’s NOC for its proposed SoA with Sanghi Industries, subject to other statutory and shareholder approvals.
Bajaj Housing Finance
The company allotted 1,00,000 secured redeemable NCDs of Rs.1 lakh each aggregating Rs.1,000.02 crore, maturing on 17 July 2028 with 6.97% annual coupon.
CEAT
The company announced ?450 crore capex to expand PCUV tyre capacity by 35% at its Chennai plant by FY27, funded through internal accruals and debt.
Dixon Technologies
The company signed 3 agreements with Signify for forming 50:50 JV Lightanium by transferring DTSPL stake, lighting business, and acquiring Signify’s Vadodara unit.
HDB Financial Services
The company allotted 17,500 secured redeemable NCDs via private placement, raising Rs.175 crore at 7.65% coupon, maturing on May 5, 2028.
Hexaware Technologies
The company acquired SMC Squared to enhance GCC 2.0 offerings combining AI-led delivery and proven GCC build-operate-transfer models across global clients.
HUDCO
The company approved Rs.3,000 crore NCD issue (Series-D 2025) via private placement at 6.64% coupon, redeemable after 3 years, unsecured and listed on BSE.
Kalpataru Projects International
The company and its international subsidiaries received new orders worth Rs.2,293 crore, including domestic B&F contracts and overseas T&D projects.
Magellanic Cloud
The company’s subsidiary Provigil Surveillance received a Rs.32 crore order (potentially up to Rs.75 crore) from IHMCL for audit camera systems across eight states.
NTPC Green Energy
The company received Cabinet approval enhancing NTPC's investment limit in NGEL from Rs.7,500 crore to Rs.20,000 crore for RE capacity expansion.
One 97 Communications
The company’s arm Paytm Cloud Technologies incorporated a wholly owned subsidiary, Paytm Company, in Saudi Arabia with an investment of SAR 85 lakh to expand its digital payments stack.
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