Stock Insights : BEML Ltd, Borosil Renewables Ltd, Hindustan Zinc Ltd, IRB Infrastructure Developers Ltd, KP Green Engineering Ltd - ARETE Securities Ltd
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 55 points higher at 25,461 on Friday.
BEML
The company secured $6.23 million export orders from CIS for bulldozers and Uzbekistan for high-performance motor grader in normal course.
Borosil Renewables
The company’s material step-down subsidiary GMB filed for insolvency in Germany due to sustained demand weakness, halting ?9 crore monthly cash losses and impacting 22.1% of FY25 consolidated revenue.
Hindustan Zinc
The company received LoI from UP Govt. for a composite license to mine Nawatola-Laband REE block spanning 210.01 hectares in Sonbhadra.
IRB Infrastructure Developers
The company’s InvIT approved ?8,436 crore acquisition of 3 DBFOT SPVs from its private InvIT, adding ?3,100 crore to O&M order book.
KP Green Engineering
The company secured ?52.31 crore orders across five segments, including a ?19 crore heavy engineering contract for Chennai Metro project.
Mahindra Lifespace
The company launched a new residential tower at Mahindra Citadel in Pune with a gross development value of Rs 2,500 crore.
Rail Vikas Nigam
The company received ?143 crore LOA from Southern Railway for 24-month traction upgrade on Salem–Coimbatore route to support 3,000 MT loading.
Shakti Pumps
The company allotted 31.8 lakh shares at ?918 each via QIP, raising ?292.6 crore and increasing equity capital to ?123.4 crore.
Tata Power
The company’s renewable arm installed 45,500 rooftop units with 220 MW in Q1, a +416% YoY rise, crossing 2 lakh installations cumulatively.
Tata Steel
The company received a ?1,902.73 crore demand notice over alleged mineral dispatch shortfall at Sukinda Chromite Block, which it plans to legally contest.
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