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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 36 points lower at 24,435 on Wednesday.

AGS Transact Technologies:

The company enabled UPI QR-based cash withdrawals on over 1,000 ATMs of a public sector bank, enhancing user convenience and reducing card fraud.

Dr. Lal Path Labs:

The company reported Q2 net profit of Rs.130 crores (↑18.2% YoY), EBITDA of Rs.202 crores (↑13.5% YoY), Revenue of Rs.660 crores (↑10% YoY), and EBITDA margin at 30.7% (↑110 bps YoY).

Escorts Kubota:

The company’s Board approved the slump sale of its Railway Equipment Division to Sona Comstar for Rs.1,600 crores, enhancing focus on Agri and Construction sectors.

Gujarat Fluorochemicals:

The company’s subsidiary GFCL EV Products approved Rs.1,000 crore fundraising at a Rs.25,000 crore valuation, led by INOXGFL Group and marquee investors, to fund capex for EV/ESS global opportunities.

Godrej Properties:

The company reported Q2 net profit of Rs.335 crores (↑401.5% YoY), EBITDA of Rs.285 crores (↑42.5% YoY) with an EBITDA margin at 26.08% (↓3,223 bps YoY), booking value of Rs.5,198 crores (↑3% YoY), and sold area of 5.15M sq. ft. (↓2% YoY).

H.G. Infra Engineering:

The company was declared a qualified bidder for a 185 MW/370 MWh battery energy storage project by NTPC Vidyut Vyapar Nigam, with a tariff of Rs.238,000 per MW/month.

Hindustan Unilever:

The company’s Board decided to separate its Ice Cream business, aiming for value maximization, based on recommendations from an Independent Committee.

JSW Energy:

The company’s subsidiary signed a 25-year PPA with SECI for 700 MW solar capacity at Rs.2.56/kWh, expected to be commissioned in 24 months.

Jyoti Structures:

The company received a Rs.450.01 crore order from Adani Energy Solutions for 765 kV DC transmission line work in Navinal, Gujarat, to be completed in 18 months.

KEC International:

The company secured new orders worth Rs.1,142 crores in Transmission & Distribution, Railways, and Cables, raising YTD order intake to ~Rs.13,500 crores, up over ~50% YoY.

Siyaram Silk Mills:

The company plans to open 30 new outlets by March 2025 with an investment of Rs.50 crores, expanding its fast fashion and ethnic wear brands, ZECODE and DEVO.

TVS Motor:

The company reported Q2 net profit of Rs.660 crores (↑22.9% YoY), EBITDA of Rs.1,080 crores (↑20% YoY), Revenue of Rs.9,230 crores (↑13.5% YoY), and EBITDA margin at 11.7% (↑65 bps YoY).

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