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Market Updates

The markets are expected to open marginally lower today as trends in GIFT NIFTY indicate a negative start for the broader index after NIFTY closed 86 points lower at 24,768 on Thursday.

AXISCADES Technologies

The company has secured multiple defence orders worth Rs.718 crore from DRDO and BEL across Su-30MKI upgrade, KUSHA project, surveillance radar, S-band radar modules, and submarine SONAR systems.

Blue Jet Healthcare

The company approved acquisition of 102.48 acres from APIIC at Rambilli, Andhra Pradesh for setting up a new manufacturing facility with Rs.1,042 crore planned investment.

Equitas Small Finance Bank

The company allotted Rs.500 crore NCDs via private placement, including Rs.250 crore green shoe, maturing in 5 years with 9.6% annual coupon.

Godrej Properties

The company acquired ~34 acres on Ajwa Road, Vadodara for premium plotted development with ~9 lakh sq. ft. estimated saleable area.

Gujarat Gas

The company signed a Gas Sales Agreement with Waaree Energy for PNG supply of 50,000 scmd to its lithium-ion cell plant in Valsad.

NCC

The company received two new orders worth Rs.791.54 crore in July 2025 across its Buildings and Electrical divisions, in addition to a Rs.2,269 crore order.

NBCC

The company signed MoUs with Dept of Post for PAN India land redevelopment and with MP Gramin Bank for Rs.45.3 crore Indore campus project.

Samvardhana Motherson International

The company’s Finland-based arm PKC Wiring incorporated a wholly owned subsidiary, Motherson PKC WH Systems Morocco SAS, for manufacturing operations in Morocco.

Tata Steel

The company’s subsidiary SIW acquired the remaining 40% in TSN Wires for Rs.270, making it a wholly owned subsidiary to improve operational synergies.

Vedanta

The company approved $84 million enhancement for Gamsberg, South Africa, raising capacity from 8 Mtpa to 8.4 Mtpa, adding 220 ktpa metal output, making Vedanta Zinc International the largest zinc producer in South Africa.

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