Stock Insights : Bharat Forge Ltd, NCC Ltd, REC Ltd, Jindal Steel Ltd, ITI 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 120 points lower at 25,517 on Monday.
AU Small Finance Bank
The company partnered with LIC to distribute its life insurance products across2,456+ branches, expanding reach into rural and semi-urban India.
Bharat Electronics
The company secured ?528 crore additional orders for radars, communicationequipment, EVMs, jammers, shelters, control centre, spares, and services.
Bharat Forge
The company approved ?5,000 crore defence business transfer to KSSL andacquisition of AAM India for up to ?770 crore in cash.
Embassy Office Parks REIT
The company raised ?1,550 crore including ?750 crore via NCDs at 6.97% and?800 crore term loan at 7.40% for 15 years, saving ~113 bps annually.
Godrej Properties
The company entered Panipat with a 43-acre plotted development projecthaving revenue potential exceeding ?1,250 crore in Sector 40.
HCLTech
The company announced a multi-year strategic partnership with OpenAI todrive enterprise-scale GenAI adoption across its platforms and client offerings.
ITI
The company signed ?6,956 crore agreements with BSNL for BharatNet Phase3 Packages 8, 9, and 15 covering multiple states and UTs.
Jindal Steel
The company commissioned its first galvanising line at Angul, Odisha to producePanther Galvanised and ZINKALUME steel for diverse industrial use.
L&T Technology Services
The company partnered with thyssenkrupp Steering to set up and operate aglobal automotive software hub in Pune for advanced steering systems.
NCC
The company received ?1,690.51 crore building division orders in June fromstate agencies and a private firm, with durations ranging 4–24 months.
REC
The company’s subsidiary RECPDCL incorporated Jalna Power Transmission as awholly owned arm for executing a 400/132 kV project in Maharashtra.
Reliance Infrastructure
The company-promoted Reliance Defence partnered with US-based CoastalMechanics for ?20,000 crore defence MRO and will set up a JV in Maharashtrafor aerospace opportunities.
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Pre-Market Comment by Hardik Matalia, Derivative Analyst, Choice Broking
