The markets are expected to open marginally higher today as trends in GIFT Nifty indicate a positive start for the broader index - 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 161 points lower at 22,332.65 on Monday.
SpiceJet:
Chief Operating Officer Arun Kashyap and Chief Commercial Officer Shilpa Bhatia have resigned from the airline.
Jupiter Wagons:
The Ministry of Railways has given the company an order worth Rs 957 crore to produce and deliver 2,237 units of BOSM wagons.
Pitti Engineering:
Company announces its acquisition of Bagadia Chaitra Industries for a total enterprise value of Rs 124.92 crore.
Wipro:
Company has broadened its collaboration with Nutanix to introduce a dedicated business unit focused on Nutanix solutions.
IRB Infrastructure Developers:
Company announces that its unit, IRB Lalitpur Tollway, has achieved financial closure for the NH-44 project, securing Rs 3,500 crore in project finance from the lender.
HIL:
The board approved a 100% equity acquisition of Crestia Polytech for a total consideration of Rs 160 crore.
Rail Vikas Nigam:
Company secures contracts from Central Railway for signalling work on Khapri-Sewagram section and a construction order worth Rs 339 crore from Maharashtra Metro Rail Corp.
Triveni Engineering and Industries:
The company has acquired a 25.43% stake in Sir Shadi Lal Enterprises for Rs 35 crore, with the aim of expanding its business operations in the sugar and alcohol sectors.
Popular Vehicles and Services:
IPO set at Rs 280-295 per share, totaling Rs 601.55 crore with Rs 180 crore raised from anchor investors.
ESAF Small Finance Bank:
Board of Directors approves raising up to Rs 135 crore via Tier II bonds on private placement basis.
Aditya Birla Capital:
Board approves amalgamation of wholly owned unit Aditya Birla Finance with company, pending NCLT sanction and approvals from RBI and shareholders.
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Quote on?Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities