Stock Insights : Allcargo Logistics Ltd, Hero MotoCorp Ltd, KEC International Ltd, Larsen & Toubro Ltd, Lodha Developers 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 58 points lower at 25,227 on Monday.
Allcargo Logistics
The company received NCLT approval for restructuring, demerging its international supply chain into Allcargo Global and consolidating domestic express and contract logistics under itself.
Hero MotoCorp
The company entered Italy through a distribution partnership with Pelpi International, launching Euro 5+ models to expand presence across 49 global markets.
Jio Financial Services
The company’s subsidiary Jio Payments Bank won contracts for ANPR-based MLFF toll systems at two plazas, expanding its digital tolling operations.
KEC International
The company secured Rs.1,174 crore orders for T&D projects, including HVDC and 765 kV lines in India and 380 kV lines in Saudi Arabia.
KFin Technologies
The company acquired 51% controlling stake in Ascent Fund Services for $35 million to expand its presence in the global fund administration industry.
Larsen & Toubro
The company secured large grid infrastructure orders worth Rs.2,500–5,000 crore in the Middle East, including 400 kV and 132 kV substations and 380 kV lines.
Lodha Developers
The company acquired 100% stake in Chaitanya Bilva for Rs.499.61 crore, gaining 8.37 acres of prime land in Bengaluru for strategic expansion.
LT Foods
The company signed a €6 million acquisition deal with an additional €1.8 million earn-out to buy Global Green Europe, AGRAR Kft., and Global Green UK.
Oil India
The company achieved mechanical completion of the Numaligarh–Siliguri product pipeline, boosting capacity from 1.72 to 5.5 MMTPA and strengthening midstream infrastructure.
PNC Infratech
The company incorporated a wholly owned subsidiary named PNC Renewable Energy Private to undertake renewable energy projects and related operations across India.
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