17-10-2024 09:07 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 86 points lower at 24,971 on Wednesday.

Antony Waste Handling Cell:

The company handled ~1.19 million tonnes of waste in Q2FY25, reflecting a4.0% YoY increase, and secured a Rs.908 crore C&T contract with NaviMumbai Municipal Corporation for the third term.

Bajaj Auto: 

The company approved an additional investment of up to Rs.84 crores inBajaj Brazil, a wholly owned subsidiary, to fund business expansion in aphased manner.

H.G. Infra Engineering:

The company incorporated a wholly owned subsidiary, H.G. Narol SarkhejHighway Private Limited, as a SPV for the upgradation of a 10.63 kmelevated corridor project in Gujarat, with a project cost of Rs.781.11 crore.

Jindal Drilling & Industries:

The company’s Rig 'Jindal Supreme' commenced operations with ONGC fora 3-year period at an EDR of $86,327.

Larsen & Toubro:

The company secured an order from UPMRCL for the design andconstruction of Agra Metro Phase 1, Line-2, comprising a 15.09 km elevatedviaduct, 14 stations, and a 2.61 km depot, to be completed in 30 months.

Manorama Industries:

The company has incorporated a wholly owned subsidiary named"MANORAMA AFRICA BENIN" in Benin for its expansion.

RateGain Travel Technologies:

The company integrated TCA Software Solutions' Inssit PMS with itsChannel Manager to boost efficiency and revenue for Latin American hotelsthrough access to over 400 booking channels.

Shyam Metalics and Energy:

The company began operations at its Coke Oven Plant in Jamuria, WB, usingimported coal and eco-friendly features, including a waste heat recoveryboiler for power generation.

TIPS Music:

The company reported Q2 results with Sales up +32% YoY to Rs.80.6 crores(?9% QoQ), EBIDT rising +19% YoY to Rs.59.5 crores (?9% QoQ), and NetProfit increasing +21% YoY to Rs.48.2 crores (?11% QoQ).

Wockhardt:

The company filed for its Aspart injection (ASPARAPIDTM) with the DCGI,targeting a Rs.260 crore market in India, with plans for availability incartridges, vials, and prefilled pens to enhance diabetes care.

Yatra Online:

The company's subsidiary TSI Yatra faced insolvency initiation by NCLT afterEzeego Travels filed a petition for alleged unpaid dues of Rs.219.77 million,and TSI plans to appeal the order.

 

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