The markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start for the broader index - 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 39 points lower at 22,604.8 on Tuesday.
Jindal Stainless:
The company has declared strategic investments totaling ?54 billion, withplans for capacity expansion to 4.2 MTPA. Additionally, it is entering into acollaboration agreement to establish a joint venture in Indonesia.
Tech Mahindra:
The firm has established a collaboration with Atento to deliver servicesutilizing Generative AI technology.
Home First Finance Company India:
The company has announced a board meeting scheduled for 8th May todeliberate on fundraising through the issuance of non-convertibledebentures on a private placement basis.
Gokul Agro Resources:
The company has received an offer valued at ?500 million for gridconnectivity and the evacuation of a 10.00 MW solar power project at the66KV Gorad substation of GETCO, situated in Banaskantha, Gujarat.
K&R Rail Engineering:
The company has signed an MOU with UNECO Co. to establish a ?4 billioncomposite sleeper plantin Nagarnar,MadhyaPradesh,near the NMDC Steel Plant.
KRSNAA Diagnostics:
The company has inked a significant agreement with the Government ofMaharashtra to provide MRI and CT scan services in district hospitals,reinforcing its position as a premier healthcare service provider.
GE Power India:
The company has secured a purchase order from NTPC-SAIL Power Co Ltdfor turbine spares for Durgapur PP2, valued at approximately ?59.97million, and another for the inspection of a steam turbine for NTPC TandaStage-II, worth about ?59.88 million.
GE T&D India:
The company has received PGCIL orders to develop an advanced StateTransmission Asset Management Centre in Odisha to enhance OPTCL’s gridoperations and facilitate sustainable energy integration.
Muthoot Capital Services:
The company has issued Commercial Papers with value of ?400 million.
Geojit Financial Services:
The company has received approval for an investment of up to $1 millionfor establishing an entity in the Dubai International Financial Centre.
Sterlite Technologies:
The company has announced its successful partnership with Archtop Fiber,aiding in the development of Archtop’s extensive multi-gigabit fiberinternet network, which extends over 2,500 miles across the Northeastregion of the United States.
Vishwaraj Sugar Industries:
The company has approved the raising of funds amounting to ?990 millionthrough the issuance of shares via QIP.
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Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities