Stock Insights : Cochin Shipyard Ltd, Dixon Technologies Ltd, JSW Steel Ltd, Powergrid Ltd, RailTel Ltd, TVS Motor Company Ltd - ARETE Securities Ltd
Market Updates
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 91 points higher at 25,330 on Wednesday.
Cochin Shipyard
The company received Rs.200 crore order from ONGC for dry dock and major lay-up repairs of a Jack Up Rig over 12 months.
Dixon Technologies
The company signed a share subscription and purchase agreement to acquire 51% stake in Kunshan Q Tech Microelectronics for Rs.552.9 crore.
Escorts Kubota
The company launched PRO588i-G combine harvester in Punjab and Haryana, offering farmers higher income potential, reduced stubble burning, and improved Basmati quality.
JSW Steel
The company approved a $60 million acquisition raising stake in M Res NSW to 83.33%, increasing effective interest in Illawarra Metallurgical Coal to 30%.
Larsen & Toubro
The company’s PT&D business won large STATCOM and SCADA orders in India, UAE and Oman, strengthening grid stability and infrastructure.
One 97 Communications
The company launched Paytm Postpaid credit line on UPI with Suryoday SFB, offering instant payments and up to 30 days interest-free convenience.
Powergrid
The company was declared a successful bidder under TBCB to build 765 kV Prayagraj substation and transmission lines across UP and MP.
RailTel
The company received Rs.105.7 crore order from Bihar Education Project Council for supply and installation of smart classrooms across KGBVs in Bihar.
Shilchar Technologies
The company will expand its Vadodara plant by 6500 MVA with Rs.90 crore investment from internal funds to meet customer demand.
State Bank of India
The company divested 13.18% stake in Yes Bank to Sumitomo Mitsui Banking Corporation for Rs.8,889 crore after requisite approvals.
TVS Motor Company
The company partnered with Noise to launch India’s first EV-smartwatch integration for iQube, offering real-time ride stats and connected mobility.
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