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Market Updates

The Markets are expected to open marginally higher today as trend in SGX nifty indicate a positive start for the broader index after Nifty closed 89 points higher at 20,192 on friday.

Bharat Electronics:

The company bagged multiple orders worth Rs 3,000 crore. The order worth Rs 2,119 crore is from Cochin Shipyard for the supply of various equipment and other orders worth Rs 886 crore

Tata Steel:

The company and the UK government jointly agree on a proposal for the largest investment in the UK steel industry for decades.

Tata Elxsi:

The company has partnered with INVIDI Technologies to transform addressable advertising for pay-TV operators

Hindustan Aeronautics:

The Defence Acquisition Council has approved the procurement of 12 Su-30MKI aircraft and the avionics upgrade of Dornier aircraft.

PVR Inox:

The company opened a five-screen multiplex at Himalaya Mall in the city of Ahmedabad.

Gensol Engineering:

The company acquired 58,779 equity shares of Scorpius Trackers, constituting 54.38% of the share capital and voting rights in Scorpius, for Rs 135 crore. The company proposes to acquire 100% of the share capital of Scorpius in the second tranche.

Elpro International:

The company completed the acquisition of 100% of the equity shares of Fortune Capital Holding for Rs 3.34 crore.

WPIL:

The company received a contract for the supply of an onboard range of centrifugal pumps and spares for different classes of ships from the Ministry of Defence (Navy) for Rs 14.3 crore. This contract for onboard centrifugal pumps will greatly strengthen WPIL's product offering to the Indian Navy, which is undergoing a major fleet expansion programme.

Texmaco Rail & Engineering:

The board has approved fund raising up to Rs 1,000 crore by way of issuance of equity shares through QIP and Rs 50 crore by way of preferential issue to promoters.

Lemon Tree Hotels:

The company opened Peninsula Suites, operated by Lemon Tree Hotels, Bengaluru, the sixth property in the city under the Lemon Tree umbrella. The property is managed by Carnation Hotels, a wholly owned subsidiary and the hotel management arm of Lemon Tree Hotels.

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