Stock Insights : Axiscades Technologies Ltd, Bharat Electronics Ltd, Biocon Ltd, Brigade Enterprises Ltd, Greaves Cotton Ltd - ARETE Securities Ltd
Market Updates
The markets are expected to open marginally lower today as trendsin GIFT NIFTY indicate a negative start for the broader index afterNIFTY closed 207 points higher at 22,544 on Thursday.
AXISCADES Technologies:
The company’s subsidiary Mistral partnered with Altera to develop highperformance computing solutions for aerospace and defense applicationsusing Agilex 9.
Bharat Electronics:
The company secured additional orders worth Rs.577 crore including airborneEW products, submarine communication system, radar upgrades, etc.
Biocon:
The company signed an agreement with Civica, Inc. to supply Insulin Aspartdrug substance for U.S. production at Petersburg facility.
Brigade Enterprises:
The company launched Brigade Altius in Chennai’s IT corridor with revenuepotential of Rs.1,700 crore, spanning 1.4 million sqft.
Greaves Cotton:
The company’s subsidiary Greaves Electric Mobility partnered Indofast Energyto launch Ampere Magnus SW.S with battery swapping technology in India.
Jindal Stainless:
The company completed divestment of entire 26% stake in Jindal Coke for Rs.194.89 crore, ceasing its associate status.
Kalpataru Projects International:
The company secured new orders worth Rs.2,306 crore in Transmission &Distribution overseas and building projects in India.
Laurus Labs:
The company will invest Rs.83.30 crore in KRKA Pharma Private Limited JV forland acquisition and initial manufacturing setup.
Network People Services Technologies:
The company received purchase orders from Kerala Gramin Bank &Karnataka Gramin Bank for UPI services on OPEX model till Dec 2027.
Quality Power Electrical Equipments:
The company acquired 51% in Mehru Electrical & Mechanical Engineers for Rs.120 crore to enhance high-voltage instrument transformer capabilities andglobal market reach.
RITES:
The company secured Rs.27.96 crore order from South Central Railway forFinal Location Survey of high-speed rail corridors Hyderabad-Bengaluru,Hyderabad-Chennai.
Please refer disclaimer at http://www.aretesecurities.com/
SEBI Regn. No.: INM0000127
