Stock Insights : Apeejay Surrendra Park Hotels, Container Corporation of India, Devyani International, GPT Infraprojects, Hero MotoCorp, Max Estates, Nexus Select Trust, SAMHI Hotels, Titagarh Rail Systems - 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 82 points lower at 24,246 on Thursday.
Apeejay Surrendra Park Hotels
The company signed a binding MoU to acquire 90% in Zillion Hotels, ownerof Z Luxury Residences in Juhu Mumbai, for Rs.209.25 crore providing 62service residences and F&B assets.
Container Corporation of India
The company signed an MoU with GAIL to set up LNG stations pan-India,starting with Khodiyar terminal, to ensure uninterrupted LNG supply forCONCOR's road fleet and reduce its carbon footprint.
Devyani International
The company acquired an 80.7% stake in Sky Gate Hospitality for Rs.419.6crore, adding Biryani By Kilo, Goila Butter Chicken, and The Bhojan toexpand its Indian cuisine portfolio.
GPT Infraprojects
The company commissioned a 10,000 MTPA steel girder unit in WBproviding cost advantage, higher capacity and wider client access withscalability to 25,000 MTPA in 2 years.
Hero MotoCorp
The company launched Xoom 110, HF Deluxe, Hunk 160R 4V, and Xtreme125R in Sri Lanka via Abans Auto, targeting 500 touchpoints by May 2025.
Ircon International
The company received a variation order worth Rs.59.44 crore from NortheastFrontier Railway, raising the Jiribam-Imphal project contract value toRs.203.61 crore with completion by June 2025.
Max Estates
The company took over the Delhi One project, unlocking sales of Rs.2,000crore and annuity rental income of Rs.120 crore, with ~2.5 million sq. ft. ofdevelopment area.
Nexus Select Trust
The company approved raising Rs.550 crore via Series III NCDs to fund SPVs,acquisitions, refinancing, refurbishment, and general corporate purposes.
RITES
The company secured a Rs.28 crore order from MCL for 24-month detailedengineering and PMC services for rail connectivity to Phase-II SILO atLakhanpur.
SAMHI Hotels
The company formed a JV with GIC for three upscale hotels in India valuedat Rs.2,200 crore, with GIC investing Rs.752 crore to fund capital expenditure,future acquisitions, and reduce leverage, while SAMHI manages alloperational and development assets
Titagarh Rail Systems
The company and BHEL inaugurated a new line at Uttarpara to produce 80Vande Bharat Sleeper Trains with 35-year maintenance under a Rs.24,000crore Indian Railways order.
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