The markets are expected to open marginally higher today as trends in GIFT - ARETE Securities Ltd
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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 662 points lower at 24,055 on Monday.
Adani Energy Solutions:
The company raised USD 1 billion via the QIP route and received bids approximately 6 times the base deal size.
Balu Forge:
The company issued up to 45 lakh equity shares at ?360 per share on a preferential basis, raising ?162 crore.
Devyani International:
The company reports Q1 consolidated net profit of INR 301 million, up 155.1% YoY, Q1 revenue at INR 12.2 billion, up 43.5% YoY, Q1 EBITDA at INR 2.15 billion, up 70.6% YoY, Q1 EBITDA margin at 17.66%, up from 14.88% YoY.
Happiest Minds Tech:
The company approved the issue of non-convertible debentures worth INR 2.5 billion.
Hindustan Construction:
The company approved raising funds not exceeding INR 1,500 crore.
Lupin:
The company has received a show cause notice from Maharashtra GST authority seeking recovery of INR 672.4 crore of tax and penalty, covering the period from July 2017 to March 2022.
Neogen Chemicals:
The company incorporates a unit in Japan to establish business alliances and expand the specialty chemicals market.
Paras Defence and Space Technologies:
The company reports Q1 consolidated net profit of INR 149 million, up 148.3% YoY, Q1 revenue at INR 836 million, up 73.1% YoY, Q1 EBITDA at INR 241 million, up 123.1% YoY, Q1 EBITDA margin at 28.86%, up from 22.41% YoY.
Power and Instrumentation (Gujarat):
The company announces a fundraise of INR 714.8 million via preferential shares and warrants, and plans to acquire a controlling stake in Peaton Electrical Company, aiming to increase its stake to up to 60%.
Power Mech Projects:
The company has received an order worth INR 1.11 billion for the operation and maintenance of a 400 MW captive power plant and utilities of a petroleum oil refinery at Dangote, Nigeria.
RITES Ltd:
The company secures a ?25.80 crore contract from Gujarat State Electricity Corporation Ltd for locomotive lease and maintenance.
South West Pinnacle:
The company wins an order worth INR 50 crore.
Tata Power:
The company secures a ?256.183 crore annual contract with PFC Consulting for a 35-year Paradeep transmission project to enhance power infrastructure.
TIL:
The company signed a partnership agreement with Snorkel Europe Ltd and became Snorkel's sales and service partner in Northern and Eastern India, Nepal, and Bhutan.
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