Stock Insights : Dixon Technologies, GE Vernova, G R Infraprojects, Gland Pharma, HBL Engineering, Hindustan Petroleum Corporation, Infosys, JSW Energy, NBCC, One 97 Communications, Uno Minda

2025-05-02 08:47:23 am | Source: ARETE Securities Ltd

Stock Insights : Dixon Technologies, GE Vernova, G R Infraprojects, Gland Pharma, HBL Engineering, Hindustan Petroleum Corporation, Infosys, JSW Energy, NBCC, One 97 Communications, Uno Minda - ARETE Securities Ltd

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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 1 point lower at 24,334 on Wednesday.

Dixon Technologies

The company entered a JV with Inventec to form Dixon IT Devices with60% stake for manufacturing notebooks, desktops, servers andcomponents in India

GE Vernova

The company received an order from Powergrid to supply 70+ 765kVtransformers and shunt reactors for TBCB-based renewable evacuationprojects, with deliveries starting in 2026 and continuing till 2027.

G R Infraprojects

The company’s subsidiary Agra Gwalior Highway signed a Rs.4,262.78 croreDBFOT BOT (Toll) concession pact with NHAI for a greenfield 6-lanehighway (Section-1) and overlay/strengthening of NH-44 stretch (Section2), to be completed in 910 days.

Gland Pharma

The company received USFDA approval for Latanoprostene BunodOphthalmic Solution 0.024% for glaucoma and ocular hypertension with180-day exclusivity

HBL Engineering

The company received a Rs.145.83 crore contract from Western Railway toimplement Kavach across 48 stations covering 428 km within 730 days.

Hindustan Petroleum Corporation

The company signed an LNG supply agreement with UAE-based ADNOCTrading to source gas at its 5 MMTPA Chhara terminal (400,000 Cu.M.storage) in Gujarat for captive use and downstream sales.

Infosys

The company completed acquisition of MRE Consulting to strengthendigital capabilities in energy trading and risk management (E/CTRM).

JSW Energy

The company signed a 40-year PHSPPA with Uttar Pradesh PowerCorporation Ltd for 1,500 MW/12,000 MWh pumped hydro at a fixedcharge of Rs.77.2 lakh per MW annually.

NBCC (India)

The company received a Rs.95.66 crore work order from the Ministry ofExternal Affairs for renovation of Sushma Swaraj Institute of ForeignService.

One 97 Communications

The company’s subsidiary PCTL incorporated Paytm Arab Payments L.L.C.in UAE and approved AED 8 million cash investment for full ownership.

Uno Minda

The company approved Rs.423 crore phased capex for a greenfield plant tomake high-voltage EV powertrain products, has secured an e-axle order,and will form a JV with Inovance, with Uno Minda holding 70% andInovance holding 30%.

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