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2024-10-29 09:15:47 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 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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