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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 index after NIFTY closed 320 points lower at 23,024 on Tuesday.

Adani Energy Solutions:

The company secured a Rs.25,000 crore HVDC project from Bhadla toFatehpur, increasing its order book to Rs.54,761 crore.

Bondada Engineering:

The company received an Rs.88.49 crore work order from KPI Green Energyfor supplying BOS items for EPCC works at multiple locations.

DEE Development Engineers:

The company partially commissioned a Rs.250 crore manufacturing facility inAnjar, Gujarat, increasing capacity to 12,000 MT per annum.

DroneAcharya Aerial Innovations:

The company secured a Rs.7.53 lakh contract from the Ministry of Defencefor drone pilot and building training for Indian Army officials.

International Conveyors:

The company acquired Thangamayil Jewellery shares worth Rs.4.38 crore,marking its investment in the gems and jewellery sector.

KEI Industries:

The company reported Q3FY25 results with revenue up +19.8% YoY to Rs.2,467 crore (?8.2% QoQ), EBITDA up +10.9% YoY to Rs.254 crore (?6.7%QoQ), PAT up +9.3% YoY to Rs.165 crore (?6.5% QoQ), and EBITDA margin at10.3% (?10 bps QoQ).

Manorama Industries:

The company reported Q3FY25 results with revenue up +112.5% YoY to Rs.209 crore (?7.1% QoQ), EBITDA up +253.4% YoY to Rs.55 crore (?22.0%QoQ), PAT up +296.9% YoY to Rs.29.5 crore (?10.6% QoQ), and EBITDAmargin at 26.4% (?330 bps QoQ).

PG Electroplast:

The company’s step-down subsidiary, Next Generation Manufacturers, wasselected for the 3rd PLI Scheme round, committing Rs.121.35 crore for airconditioner components.

Ram Ratna Wires:

The company was selected in the 3rd PLI Scheme round, committing Rs.253crore for manufacturing copper tubes and aluminum stock for heatexchangers.

Responsive Industries:

The company plans to launch Wood Plastic Composite (WPC) flooring in2025, expanding its product line beyond vinyl flooring.

SAMHI Hotels:

The company plans to invest Rs.20.50 crore in its wholly-owned subsidiaryDuet India Hotels (Chennai OMR) to strengthen Chennai operations.

Tata Elxsi:

The company partnered with Minespider to launch MOBIUS+, an advancedbattery lifecycle management platform for sustainability and compliance inthe battery industry.

Wonder Electricals:

The company invested in a 640-kilowatt solar power plant at Roorkee and a110-kilowatt plant at Haridwar, promoting sustainable energy initiatives.

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