Stock Insights : NBCC Ltd, Afcons Infrastructure Ltd, Bharat Forge Ltd, L&T Technology Services Ltd, Nestle India 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 88 points lower at 25,453 on Wednesday
Afcons Infrastructure
The company received a Rs.175 crore LoC from Reliance Industries for civil andstructural erection work at Jamnagar, Gujarat.
Aurobindo Pharma
The company’s step-down arm CuraTeQ Biologics received EuropeanCommission approval for trastuzumab biosimilar Dazublys™, its third EMAapproved product.
Avenue Supermarts
The company reported Q1 standalone revenue of Rs.15,932.12 crore, up from Rs.13,711.87 crore YoY, with 424 total operational stores.
Bharat Forge
The company completed acquisition of AAM India for Rs.746.46 crore to enhanceofferings across traditional and new mobility OEM segments
Coromandel International
The company received CCI approval to acquire 53.13% stake in NACL Industriesalong with additional shares from public shareholders.
ITI
The company won Rs.88 crore orders in Odisha and Chhattisgarh for CCTV, GISmapping, traffic signals, and LAN upgrades from government agencies.
Keystone Realtors
The company was selected by 8 societies for a cluster redevelopment project inAndheri West with a GDV of Rs.3,000 crore across 10.6 lakh sq ft.
KPI Green Energy
The company incorporated a new SPV, KPIN Clean Power Three LLP, to developand operate renewable energy projects across India.
L&T Technology Services
The company was selected by TRATON GROUP as a strategic engineeringpartner to support global R&D and mobility platform transformation.
NBCC
The company received a Rs.354.88 crore work order for project management ofAfrican Zoo and allied facilities from FDCM Gorewada Zoo.
Nestlé India
The company added a new Maggi Noodles line at its Gujarat-based Sanandfactory, boosting capacity by 20,300 TPA with Rs.105 crore investment.
Oriana Power
The company signed a Rs.209 crore BESPA with TNPDCL to set up50MW/100MWh BESS in Tamil Nadu’s Karaikudi under the BOO model.
Waaree Renewable Technologies
The company secured Rs.26.17 crore EPC and O&M order for a 21 MW AC / 29.4MW DC solar project under MSKVY 2.0.
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Indian markets end marginally lower this week amid subdued Q1 earnings, global sentiment
