Stock Insights : BEML Ltd, Biocon Ltd, Delhivery Ltd, Inox Wind Ltd, RITES Ltd - 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 159 points higher at 25,219 on Wednesday.
BEML
The company received a Rs.293.82 crore order from the Ministry of Defencefor supply of HMV 6X6 vehicles in the ordinary course.
Biocon
The company’s arm Biocon Biologics launched Nepexto®, a biosimilar ofEnbrel®, in Australia through partner Generic Health to expand immunologyreach.
Crompton Greaves Consumer
The company fully repaid Rs.2,125 crore NCDs taken for Butterfly’sacquisition, including Rs.300 crore final tranche, reducing debt and interestburden.
Delhivery
The company completed acquisition of 99.87% stake in Ecom Express forRs.1,369 crore, marking full control of the logistics services firm.
Fortis Healthcare
The company entered an O&M services agreement to manage 5 GleneaglesIndia hospitals, strengthening IHH's pan-India platform and operationalsynergies.
Intellect Design Arena
The company secured a core banking deal with a Tier 1 Canadian bank forglobal expansion, marking its first U.S. eMACH.ai deployment.
Inox Wind
The company received a 51 MW order from First Energy (Thermax Group)for a Tamil Nadu project, including limited EPC and multi-year O&Mservices.
Kirloskar Industries
The company’s subsidiary Kirloskar Ferrous was declared preferred bidderfor Jambunatha Iron Ore Mine in Karnataka through e-auction.
Minda Corporation
The company partnered with Qualcomm to develop next-gen cockpitplatforms using Snapdragon for AI-driven, cloud-integrated, softwaredefined vehicles in India.
RITES
The company has signed an MoU with CMPDI, a subsidiary of Coal India, tojointly explore projects in mining, renewable energy, and infrastructure,both in India and overseas.
SRF
The company approved Rs.250 crore capex for agrochemical plant at Dahej(18 months) and Rs.490 crore for 60,000 MTPA BOPP film unit at Indore (24months).
Vedanta
The company was declared 'Preferred Bidder' for Janthakal Iron Ore Mine(71.16 ha, G3 level) by Karnataka Govt through e-auction process.
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