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