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 158 points higher at 24,339 on Monday.
Ambuja Cements:
The company reported Q2 results with sales up +1% YoY to Rs.7,516crore (?10% QoQ), EBITDA down -15% YoY to Rs.1,111 crore (?13%QoQ), and net profit down -36% YoY to Rs.629 crore (?20% QoQ).
Ashapura Minechem:
The company was found guilty under IPC sections 120-B, 420, and379 with fines of Rs.20,000 each and ?9.06 crores jointly; appealingthe verdict.
CG Power and Industrial Solutions:
The company launched AXELERA™ 3.0 and 4.0 process performance CImotors up to 7.5 kW, targeting both domestic and international markets.
Cyient:
The company acquired a 27.3% stake in Azimuth AI, enhancing itssemiconductor capabilities by focusing on energy-efficient ASIC chipdevelopment in India.
HFCL:
The company announced the acquisition of 100% stake in HFCL PtyLimited by HFCL B.V., its wholly owned subsidiary, to expand globaloperations and meet product demand.
JSW Infrastructure:
The company reported Q2 results with sales up +22% YoY to Rs.1,088crore (?-1% QoQ), EBITDA up +22% YoY to Rs.607 crore (?0% QoQ),and net profit up +46% YoY to Rs.374 crore (?26% QoQ).
Knowledge Marine & Engineering Works:
The company received a Letter of Award from IWAI for dredgingmaintenance of 145 km of National Waterway-1, valued at Rs.147.43crore for three years.
M&M Financial Services:
The company has received RBI approval to launch co-branded creditcards with RBL Bank, targeting a diverse customer base withenhanced benefits and rewards.
NBCC (India):
The company has received work orders for redevelopment projectsin Goa worth approximately Rs.1,726 crore, including several keygovernment buildings and facilities.
Persistent Systems:
The company announced that the acquisition of Arrka Infosec PrivateLimited has been completed, making it a wholly owned subsidiary.
Rail Vikas Nigam:
The company emerged as the Lowest Bidder from East CentralRailway for a contract valued at Rs.186.77 crore for designing,supplying, erecting, testing, and commissioning traction substationsin the Gomoh-Patratu section.
RITES:
The company received a Letter of Acceptance from U.P. State BridgeCorporation for consultancy services valued at Rs.59.13 crore,covering construction supervision for bridges and elevated roadsover 36 months.
SpiceJet:
The company launched 32 new winter schedule flights, addingdomestic routes and a Delhi-Phuket non-stop, with fleet expansionongoing through November.
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