IGI Logo

Market Updates

The markets are expected to open marginally higher today astrends in GIFT NIFTY indicate a positive start for the broader indexafter NIFTY closed 121 points lower at 23,361 on Monday.

Central Bank of India

The bank has entered into a co-lending partnership with Vastu HousingFinance Corporation Limited to offer MSME loans at competitive rates.

CreditAccess Grameen

The company has secured a $50 million commitment from the IFC to enhanceaccess to finance for microentrepreneurs, particularly women in agriculture.

Doms Industries

The company reported Q3FY25 results with revenue up 34.8% YoY to Rs.501crore (+9.5% QoQ), EBITDA up 26.8% YoY to Rs.88 crore (+2.3% QoQ), EBITDAmargin down by 111 bps YoY at 17.54% (-22 bps QoQ), and PAT up 39.9%YoY to Rs.54 crore (+1.1% QoQ).

Engineers India

The company has been appointed as the Project Management Consultantfor the development of an academic institute of national importance, with aproject cost of approximately Rs.1,200 crore.

Ganesha Ecosphere

The company has decided to expand its wholly-owned subsidiary, GaneshaEco Pet, by setting up a greenfield project in Odisha with a capacity of67,500 TPA and increasing the capacity of its Warangal plant from 42,000TPA to 64,500 TPA.

K E C International

The company reported Q3FY25 results with revenue up 6.8% YoY to Rs.5,349crore (+4.6% QoQ), EBITDA up 21.4% YoY to Rs.374 crore (+16.9% QoQ),EBITDA margin up by 84 bps YoY at 6.99% (+73 bps QoQ), and PAT up 34.0%YoY to Rs.130 crore (+52.9% QoQ).

Mahindra Lifespace Developers

The company has been appointed as the developer for a redevelopmentproject in Lokhandwala Complex, Mumbai, with a gross development valueof approximately Rs.950 crore.

Royal Orchid Hotels

The company has officially launched Regenta Resort, a five-star luxuryretreat near the Statue of Unity in Kevadia, Gujarat.

Samvardhana Motherson International

The company has incorporated a joint venture, SMGCL Co., Ltd., withHamakyorex Co. Ltd., Japan, focused on comprehensive logistics operations.

Shakti Pumps (India)

The company has announced an additional tie-up with ReNew Photovoltaic forthe supply of DCR cell-based solar modules valued at Rs.1,300 crore for FY 2025-26.

Swan Energy

The company's subsidiary, Agneyastra Innovations, has received a purchaseorder from Agneyastra Technion for Rs.111 crore for the supply, installation,and commissioning of AI-based comprehensive infra-secure items.

TVS Holdings

The company has completed the acquisition of an 80.74% equity stake inHome Credit India Finance for Rs.554 crore.

Please refer disclaimer at http://www.aretesecurities.com/

SEBI Regn. No.: INM0000127