26-08-2024 09:12 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 11 points higher at 24,823 on Friday.

Ashoka Buildcon:

The company wins an order worth Rs.4.78 billion from MMRDA.

Bikaji Foods International Ltd:

The company will invest Rs.604.9 Million in Ariba Foods to acquire a 55%stake.

Deep Industries Ltd:

The company wins a Rs.63 Crores ONGC contract for gas separation,compression, and maintenance services at Rokhia Gas Compression Stationfor three years.

GPT Infra Projects Ltd:

The company bags an order valued at Rs.13 Crores for the manufacture andsupply of special sleepers to Eastern Railway.

JSW Energy Ltd:

The company’s arm, JSW Neo Energy, receives a Letter of Award from NTPCfor a 300 MW wind-solar hybrid power project, raising its total locked-ingeneration capacity to 16.7 GW.

KEC International:

The company won new orders worth Rs.1,079 crores in Transmission &Distribution (T&D) and Cables businesses.

Lemon Tree Hotels Ltd:

The company signs a new property in Shivpuri, Madhya Pradesh, to befranchised and expected to open in FY 2026.

Shakti Pumps (India) Limited:

The company secures its first order from Jharkhand Renewable EnergyDevelopment Agency for 400 Solar Water Pumping Systems under the PMKUSUM scheme, valued at Rs.9.40 Crores.

Shyam Metalics and Energy:

The company acquired 100% stake in SMEL Steel Structural Pvt Ltd, amanufacturer of various metal products.

Vardhman Textiles Ltd:

The Tripura government awards a Rs.3,000 Crores textile contract toManomay Tex India in a joint venture with the company, marking a majorboost.

Zomato Ltd:

The company announces it will shut down its inter-city delivery service“Legends” after two years due to lack of product-market fit.

Zydus Lifesciences:

The company will acquire a 50% stake in Sterling Biotech from Temasekbacked Perfect Day to enter the fermentation-based protein business.

 

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