09-08-2024 08:51 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 180 points lower at 24,117 on Thursday.

Astral:

The company reported Q1 consolidated net profit of INR 1.2 billion, flat YoYand down 34.1% QoQ. Q1 revenue was INR 13.84 billion, up 8.1% YoY anddown 14.8% QoQ. Q1 EBITDA was INR 2.14 billion, up 5.9% YoY, with anEBITDA margin of 15.5%, down from 15.71% YoY.

Bharat Forge:

The company approved raising funds worth INR 20 billion.

BSE:

The company is launching gold, silver options on futures contracts, and goldmini futures contracts.

Canara Bank:

The bank plans an overseas bond issue to raise USD 300 million.

Ceigall India:

The company won new orders worth INR 1,042 crores for the developmentof Kanpur Central Bus Terminal and Bhubaneswar Metro Project.

Control Print:

The company increased its stake in Markprint B.V. from 80% to 85% with aninvestment of EUR 199,000.

GAIL (India):

The company and Rajasthan Rajya Vidut Utpadan Nigam Ltd (RRVUNL) havejoined hands to optimize the operations of RRVUNL's gas-based powerplants in Rajasthan.

Goldiam International:

The company received an order worth INR 500 million.

HCL Infosystems:

The company approved the acquisition of the remaining 15% stake inPimpri Chinchwad eServices.

Igarashi Motors:

The company reported a Q1 standalone net profit rise of 485.71% YoY toINR 82 million from INR 14 million. Q1 EBITDA increased 56.17% YoY to INR253 million from INR 162 million, with an EBITDA margin improving to11.40% from 9.63%. Q1 revenue grew 30.95% YoY to INR 2.2 billion fromINR 1.68 billion.

Manappuram Finance:

The company issued non-convertible taxable debentures worth INR 6 billion.

Paramount Communications:

The company approved raising funds up to INR 4 billion.

Tega Industries:

The company approved a capex of INR 239 million for manufacturing facilityexpansion.

 

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