23-07-2024 08:42 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

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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 21 points lower at 24,509 on Monday.

 

Centrum Capital:

The company approved the issuance of non-convertible debentures worth up to INR 1.65 billion on a private placement basis.

Cyient DLM:

The company reported Q1 EBITDA of INR 200.7 million (flat YoY), EBITDA margin of 7.78% (down from 9.2% YoY), revenue of INR 2.58 billion (up 18.9% YoY), and net profit of INR 106.7 million (up 99.1% YoY).

Dodla Dairy:

The company reported Q1 revenue of INR 9.1 billion (up 10.5% YoY), Q1 EBITDA of INR 1.05 billion (up 74.1% YoY) with an EBITDA margin of 11.49% (up from 7.33% YoY), and Q1 net profit of INR 650 million (up 85.7% YoY).

Gensol Engineering:

The company emerged as the winning bidder for 116 MW (150 MWP) of solar projects in Gujarat, with an approximate EPC revenue of INR 600 crore.

IOB:

The company reported Q1 interest earned of INR 65.3 billion (up 20.5% YoY), provisions and contingencies of INR 9.3 billion (up 21.3% QoQ), GNPA of 2.89% (down from 3.1% QoQ), and NNPA of 0.51% (down from 0.57% QoQ).

Lemon Tree Hotels:

The company signed two properties in Pathankot, Punjab, and Goa, both expected to open in FY 2026.

Oil India:

The company and Dolphin Drilling signed a contract for hiring Blackford Dolphin, which will be deployed for drilling in Andaman offshore blocks.

Power Mech Projects:

The company won an order worth INR 5.94 billion for the construction of the Government Medical College & Hospital for Uttarakhand Pey Jal Nigam Ltd (UKPJNL), Uttarakhand.

RailTel Corp:

The company received a work order worth INR 1.87 billion from the Ministry of Railways for design, development, implementation, operations, and maintenance of HMIS and an integrated empanelled hospital referral portal.

Reliance Industries:

The company's unit, Reliance New Energy, acquired the remaining 12.7% stake in Reliance Lithium Werks B.V. for EUR 3.7 million.

Varun Beverages:

The company's unit has started commercial production of carbonated soft drinks and packaged drinking water at its facility in the Democratic Republic of Congo.

Vedanta:

The company regained control of Konkola Copper Mines in Zambia and paid USD 245.75 million in line with its commitment under the KCM Scheme of Arrangement.

 

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