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Market Updates

The markets are expected to open marginally higher today astrends in GIFT NIFTY indicate a positive start for the broader indexafter Nifty closed 22 points higher at 23,750 on Thursday.

ACME Solar:

The company secured Rs.1,988 crore financing from PFC for a 300 MW SolarWind Hybrid Project and won a 300 MW Solar Project at Rs.3.05 per unit.

Allcargo Logistics:

The company reported November 2024 operational updates with LCLvolume at 718,000 cbm (?0.6% YoY, ?0% MoM), FCL volume at 54,000 TEUs(?9% YoY, ?0% MoM), and air volume at 2.8 million kilos (?11% YoY,?13%MoM).

Archies:

The company expanded into the GCC market via a partnership with AlHasnae Gifts, launching in the UAE and planning growth in Oman, SaudiArabia, and Bahrain.

Ashoka Buildcon:

The company issued Rs.50 crore worth of Commercial Papers with an 8.40%coupon, maturing on March 26, 2025, to be listed on BSE.

CFF Fluid Control:

The company received a Rs.3.91 crore order (including tax) from theController of Procurement Material Organisation for P75 spare parts,deliverable by December 2025.

EaseMyTrip:

The company launched its 23rd franchise store in Srikalahasti, AndhraPradesh, offering comprehensive travel solutions including flights, hotels,and visa assistance.

Gateway Distriparks:

The company increased its stake in Snowman Logistics to 50.01% via marketpurchases, making Snowman its subsidiary.

Gujarat Fluorochemicals:

The company approved a slump sale of its 57 MW captive power plant toIGREL Mahidad for Rs.200 crores, an equity investment of Rs.40 crores inIGREL, and Rs.200 crores in Flurry Wind Energy for a 26% stake, along withPower Purchase Agreements with both subsidiaries for up to 457 MW.

Quess Corp:

The company’s writ petition led to Karnataka High Court quashing ITDepartment’s Rs.180.05 crore demand and penalty orders against E-NXT.

Renaissance Global:

The company approved additional investment of Rs.90 crore in its whollyowned subsidiary Verigold Jewellery FZCO through subscription to shares,expected to complete by January 31, 2025.

Trident Techlabs:

The company, via subsidiary Techlabs Semiconductor, signed an LOI toacquire 60% in Sivaltech Group, enhancing semiconductor innovation.

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