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26-07-2024 09:10 AM | Source: ARETE Securities Ltd
The markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start - ARETE Securities Ltd

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The markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start for the broader indexafter Nifty closed 7 points lower at 24,405 on Thursday.

Adani Energy Solutions:

The company's power utility firm plans a $597M share sale aimed atwidening its investor base, including those from the US; a successful sharesale would signify a strong recovery.

AU Small Finance Bank:

The company's Q1 GNPA at 1.78% vs 1.67% (QoQ), NNPA at 0.63% vs 0.55%(QoQ), provisions at INR 3.2 billion vs INR 1.33 billion (QoQ), and interestearned at INR 37.7 billion vs INR 24.6 billion (YoY) and INR 28.3 billion (QoQ).

DLF:

The company reports Q1 EBITDA of INR 2.3B vs INR 3.95B (YoY),EBITDA margin of 16.74% vs 27.76% (YoY), revenue of INR 13.6B vs INR14.23B (YoY), and net profit of INR 6.45B vs INR 5.3B (YoY); INR 9.2B(QoQ).

Ganesh Green Bharat:

The company plans to increase its manufacturing capacity to 750 MW at itsGujarat factory with an investment of INR 190.4 million.

Laurus Labs:

The company’s CFO expects performance to pick up significantly from thesecond half of the year, supported by ongoing project deliveries.

Mankind Pharma:

The company will acquire a 100% stake in Bharat Serums and Vaccines(BSV) for an enterprise value of approximately INR 136.3 billion, expandingits high entry barrier portfolio and strengthening its leadership in women’shealth.

RITES:

The company wins an order worth INR 321 crore.

SAIL:

The company plans to raise funds up to INR 2,500 crore through adebentures issue.

Shiva Cement:

The company has received approval for the acquisition of a grinding unit tobe set up by BPSL in Odisha at a consideration of INR 3.8 billion.

SJVN:

The Government of Mizoram has allocated the 2400 MW Darzo Lui PumpedStorage Project to SJVN with an estimated cost of INR 139.48 billion,expected to be completed within 72 months.

Texmaco Rail & Engineering:

The company approved the acquisition of all rights securities of Jindal RailInfrastructure for INR 4.65 billion.

UTI AMC:

The company's Q1 FY24-25 total AUM stood at INR 19,36,107 crore; Q1standalone net profit at INR 1.86 billion vs INR 1.64 billion, and revenue atINR 3.86 billion vs INR 3.52 billion.

 

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