02-05-2024 08:51 AM | Source: ARETE Securities Ltd
The markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start for the broader index - 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 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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