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2024-11-19 09:25:22 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

The markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start for the broader indexafter Nifty closed 79 points lower at 23,453 on Monday.

APAR Industries:

The company announced expanding its CTC production capacity to 20,490MT by 3Q FY26, 3x its current capacity, to meet increased demand in powerand generation equipment.

Ashoka Buildcon:

The company was declared the Lowest Bidder for two NHAI projects, with acombined bid price of ?2,791 crore (excluding GST) for development underHybrid Annuity Mode.

Indegene:

The company opened a new center in Hyderabad to enhance its globaldelivery operations and support the transformation of pharma companieswith technology-driven solutions.

L&T Technology Services:

The company formed a strategic collaboration with the Colorado SmartCities Alliance to drive innovation in smart city projects, focusing onsustainability, mobility, and energy efficiency.

Manba Finance:

The company signed an MoU with Piaggio Vehicles to offer tailoredfinancing solutions for small commercial vehicles, including low downpayment, competitive rates, and up to four-year loan tenures.

NTPC Green Energy:

The company formed a 50:50 JV, ONGC NTPC Green Private Limited, withONGC Green Limited to develop renewable energy projects, includingoffshore wind and carbon credits.

PG Electroplast:

The company, through its subsidiary PG Technoplast, signed an agreementwith Spiro Mobility to exclusively manufacture EVs and Lithium-Ionbatteries in India.

Rail Vikas Nigam:

The company received an EPC contract from South Central Railway for trackdoubling, electrification, and signaling works in Telangana with a projectcost of ?294.95 crore (incl. GST).

Ram Ratna Wires:

The company acquired 60% of the paid-up share capital of Tefabo ProductPrivate Limited, making it a subsidiary, as per the executed Share PurchaseAgreement.

State Bank of India:

The bank raised ?10,000 crores through its seventh infrastructure bondissuance at a 7.23% coupon rate, oversubscribed more than 2 times.

Suraj Estate Developers:

The company reported Q2FY25 results with sales up +6% YoY to ?109.6crores (?19% QoQ), EBITDA up +1% YoY to ?64 crores (?0% QoQ), and netprofit up +88% YoY to ?31.8 crores (?6% QoQ).

Tata Elxsi:

The company launched the 'SUZUKI-TATA ELXSI Offshore DevelopmentCenter' in Pune to support Suzuki's sustainable automotive innovations ingreen mobility, powertrains, and software-defined vehicles.

 

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