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2025-01-24 08:46:07 am | Source: ARETE Securities Ltd
The markets are expected to open marginally higher today as trends in GIFT NIFTY indicate a positive start - ARETE Securities Ltd

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 50 points higher at 23,205 on Thursday.

Adani Wilmar:

The company inaugurated an integrated food processing plant in Gohana, Haryana, with an investment of Rs.1,298 crores, producing 627,000 MT annually.

Bondada Engineering:

The company, via its subsidiary Bondada Renewable Energy, plans to invest Rs.450 crores in a 100 MW hybrid renewable energy plant in Assam.

Coforge:

The company’s subsidiary, Coforge Inc., entered into a SPA to acquire Xceltrait Inc. for $17.85 million.

Indus Towers:

The company plans to enter the EV charging infrastructure sector with pilot stations launched in Gurugram and Bengaluru.

Jyoti Structures:

The company secured a Rs.741.28 crore PowerGrid EPC order for a ±800 kV HVDC line in Gujarat, to be completed in 42 months.

Kotak Mahindra Bank:

The company completed the acquisition of Standard Chartered Bank's Personal Loan book in India, valued at ?3,330 crores.

Mercury EV-Tech:

The company received NATRAX approval to manufacture two special-purpose battery-operated vehicles, Kala Ghoda Clean and Limosa.

Mankind Pharma:

The company reported Q3FY25 results with revenue up +23.9% YoY to Rs.3,230 crore (?5.0% QoQ), EBITDA up +36.3% YoY to Rs.833 crore (?-2.3% QoQ), PAT down -16.3% YoY to Rs.385 crore (?-41.6% QoQ), and EBITDA margin at 25.8% (?190 bps QoQ).

Newgen Software Technologies:

The company’s US subsidiary received a $3.01 million purchase order from an insurance client for a 5-year contract.

Paras Defence:

The company signed an MoU with the Government of Maharashtra for a Rs.12,000 crore investment to build India’s first Optics Park.

Rain Industries:

The company’s subsidiary Rain Carbon Canada secured $682K from Ontario Vehicle Innovation Network for EV battery-grade graphite production.

Solar Industries India:

The company’s subsidiary EEL signed an MoU with the Maharashtra Government to establish a Rs.12,700 crore Anchor Mega Defence and Aerospace Project in Nagpur.

United Spirits:

The company reported Q3FY25 results with revenue up +14.8% YoY to Rs.3,432 crore (?20.7% QoQ), EBITDA up +19.8% YoY to Rs.588 crore (?17.1% QoQ), PAT up +36.3% YoY to Rs.473 crore (?38.7% QoQ), and EBITDA margin at 17.1% (?60 bps QoQ).

Vishnu Prakash R Punglia:

The VPRPL-RBIPL-JDA JV received a Rs.51.40 crore contract from Jaipur Development Authority for a 30 MLD sewerage treatment plant.

 

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