Stock Insights : Astral Ltd, Bharat Forge Ltd, Dixon Technologies Ltd, Indian Energy Exchange Ltd, ITI Ltd, Poonawalla Fincorp 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 19 points higher at 24,734 on Thursday.
Astral
The company acquired the remaining 5% stake in its UK subsidiary Seal IT Services for Rs.4.75 crore, making it a wholly owned subsidiary.
Bharat Forge
The company’s step-down subsidiary Agneyastra acquired 949.65 acres in Andhra Pradesh to build a defence energetics manufacturing complex with future expansion provisions.
Container Corporation of India
The company signed an MoU with BPIPL to operate and maintain a container terminal at Bhavnagar Port in Gujarat.
Dixon Technologies
The company issued a continuing and irrevocable corporate guarantee of $50 million to its wholly owned subsidiary Padget Electronics.
HCL Infosystems
The company completed acquisition of remaining 15% stake in Pimpri Chinchwad eServices, making it a wholly owned subsidiary.
Indian Energy Exchange
The company achieved 11,803 MU traded volume up 18.9% YoY, RTM volumes 5,029 MU up 44% YoY, and RECs 21.68 lakh up 2.5% YoY.
ITI
The company secured empanelment from GIPL as System Integrator for IT infrastructure projects and Cyber Security Operations Centre worth Rs.110 crore in Gujarat.
Poonawalla Fincorp
The company approved issuance of Rs.1,500 crore secured, rated NCDs via private placement with Rs.1,000 crore base issue and Rs.500 crore green shoe option.
RPP Infra Projects
The company received Rs.134.21 crore LOA from Maharashtra State Infrastructure Development Corporation for road improvement work in Raigad district.
Varun Beverages
The company has incorporated a joint venture company in India called White Peak Refrigeration Pvt. to manufacture visi-coolers and other refrigeration equipments
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