28-10-2024 09:36 AM | Source: ARETE Securities Ltd
The markets are expected to open marginally higher today as trends in GIFT Nifty - 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 218 points lower at 24,180 on Friday.

Capacit'e Infraprojects:

The company secured Rs.1,203 crore work orders from Signatureglobal for civil and MEP work in the “Titanium SPR” housing project in Gurugram.

EFC (I):

The company reported Q2 results with sales up +73% YoY to Rs.171.08 crore (?63% QoQ), EBITDA up +103% YoY to Rs.83.98 crore (?69% QoQ), and net profit up +391% YoY to Rs.36.56 crore (?132% QoQ).

Godrej Properties:

The company emerged as the highest bidder for a housing plot on Golf Course Road, Gurugram, with Rs.5,500 crore potential.

InterGlobe Aviation:

The company approved an investment of Rs.295 crore in IndiGo Ventures Fund – I, a Category II AIF, to invest in start-ups in aviation and allied sectors.

Kirloskar Pneumatic:

The company signed a Share Purchase and Shareholders' Agreement to acquire a 55.26% stake in Systems and Components (India) Private Limited for Rs.15.50 crore in cash.

Larsen & Toubro:

The company secured an order from ITER Organisation for advanced technology deployment in nuclear fusion at Cadarache, France, and signed an MoU for further technical collaboration on fusion systems assembly.

Le Travenues Technology:

The company approved acquiring a 51% stake in Zoop Web Services Private Limited for Rs.12.54 crore, enhancing train food delivery services.

Mindspace Business Parks REIT:

The company approved raising fund limits by Rs.2,000 crores through NCDs or Commercial Papers, increasing the total limit to Rs.4,500 crores.

National Fertilizers:

The company approved setting up a Rs.208 crore Water Soluble Fertilizers and Micro Nutrients plant at Vijaipur and closure of Nano Urea project at Nangal.

Orient Electric:

The company reported Q2 results with an Operating Revenue of Rs.660 crores (?15.79% YoY), EBITDA of Rs.36 crores (?73.90% YoY), and a Net Profit of Rs.10.4 crores (?-43.24% YoY).

Paisalo Digital:

The company partnered with Mahindra Last Mile Mobility to expand financing options for electric/ICE 3- and 4-wheelers, supporting sustainable mobility.

SpiceJet:

The airline resolved a $4.5 million dispute with Shannon Engine Support for $2 million, marking its fourth major settlement in recent weeks.

 

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