IGI Logo

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 320 points higher at 26,205 on Wednesday.

Asian Paints

The company’s step-down subsidiary Berger Paints Emirates will set up a second paint manufacturing facility in UAE with an investment of Rs.340 crore and 55,800 KL capacity.

Ashoka Buildcon

The company’s subsidiary ACL sold its entire stake in five SPVs to Maple Infrastructure Trust for Rs.1814.42 crore.

Hi-Tech Pipes

The company commenced commercial production at its Sanand Unit II Phase II in Gujarat, adding 1 lakh MTPA capacity with Rs.63 crore investment.

Mahindra & Mahindra

The company launched the BE 6 Formula E Edition SUV priced at Rs.23.69 lakh (FE3 at Rs.24.49 lakh) with bookings from 14 Jan 2026 and deliveries from 14 Feb 2026.

Oberoi Realty

The company entered into a development agreement for redevelopment of 4,706 sq. m land at Nepean Sea Road with an estimated free-sale area of 1.18 lakh sq. ft.

Pace Digitek

The company’s subsidiary Lineage Power received an order from Larsen & Toubro for supply of LiFePo4 BESS integrated containers for Bihar State Power Generation Company worth Rs.199.42 crore.

Paras Defence

The company signed a licensing agreement with DRDO for transfer of technology of Driver Night Sight for the T-90 tank.

Patel Engineering

The company received two LOIs from Saidax Engineers for excavation and coal transportation works at Jhiria West OCP, Chhattisgarh worth Rs.798.19 crore.

Pidilite Industries

The company’s subsidiary Pidilite Ventures has announced a strategic investment in Printpanda India (MagicDecor), a bespoke home décor solutions company, to support capacity expansion and distribution scaling.

Thermax

The company’s subsidiary TBWES received a Rs.580 crore order from Dangote Petroleum Refinery for four 400 TPH utility boilers and systems in Nigeria, to be executed over 22 months.

Vikram Solar

The company commissioned its Vallam manufacturing facility in Tamil Nadu, adding 5 GW advanced module capacity, taking total capacity to 9.5 GW to support solar PV production.

Please refer disclaimer at http://www.aretesecurities.com/

SEBI Regn. No.: INM0000127