11-12-2023 10:02 AM | Source: ARETE Securities Ltd
The Markets are expected to open marginally lower today - ARETE Securities

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Nifty

The Markets are expected to open marginally lower today as trend in GIFT nifty indicate a negative start for the broader index after Nifty closed 68 points higher at 20,969 on Friday.

Vinati Organics:

The company’s commercial production of Ortho Secondary Butyl Phenol (OSBP) and Di?Secondary Butyl Phenol (DSBP) has commenced at the company facility with an installed capacity of 5000 MT for (OSBP) and 1000 MT for (DSBP).

Imagicaaworld Entertainment:

The company signed an MoU with the Uttarakhand Government to set up an entertainment park in Uttarakhand.

Shoppers Stop:

The company and the Good Glamm Group are looking to collaborate on creating disruptive omni?channel experiences.

Blue Dart:

The board approved the purchase of two leased aircraft from the Netherlands' DLH Aviation for Rs 40 crore.

IREDA:

The company launches a retail division with an enhanced emphasis on providing loans to borrowers in the PM?KUSUM scheme, rooftop solar, and other business?to?consumer (B2C) sectors.

S.P. Apparels:

The company purchased the entire or partial shares of Young Brand Apparel Private, which is a subsidiary of M/s Bannari Amman Spinning Mills.

Religare:

The company completes the acquisition of a 100% equity stake in MIC Insurance Web Aggregator Private. Post?acquisition, MIC has become a wholly owned subsidiary of the company.

Tata Motors:

The carmaker said in an exchange filing that it will hike commercial vehicle prices up to 3% from January. Further, Ministry of Road, Transport, and Highways has issued a notification directing all N2 and N3 category truck, produced from Oct 1, 2025 need to have factory?fitted air conditioned cabin for drivers. The move is expected to increase production costs.

Ashok Leyland:

Ministry of Road, Transport, and Highways has issued a notification directing all N2 and N3 category truck, produced from Oct 1, 2025 need to have factory?fitted air conditioned cabin for drivers. The move is expected to increase production costs

Mazagon Dock Shipbuilders:

The company received an order worth Rs 1,145 crore from ONGC for laying approximately 44.4 km of sub sea pipelines in 19 segments.

GMR Airports Infrastructure:

Two key investors in the company have divested their stake, while the Rajiv Jain?backed GQG Partners has picked up a 4.7% stake for Rs 1,671 crore.

Bank of India: The company’s QIP worth of Rs 4,500 crore was oversubscribed by 4.11 times. The company received 104 bids, aggregating to 18,483.30 crore.

 

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