The Markets are expected to open marginally lower today as trend in SGX nifty

20-02-2024 08:56 AM | Source: ARETE Securities Ltd

The Markets are expected to open marginally lower today as trend in SGX nifty - Arete Securities

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The Markets are expected to open marginally lower today as trend in SGX nifty indicate a negative start for the broader index after Nifty closed 81.55 points higher at 22,122.3 on Monday.

Godrej Consumer:

The company and its arm will divest its entire stake in its Mauritius-based unit Godrej East Africa Holdings to HKG Africa Weave for consideration of Rs 30 crore.

ONGC:

The shareholders of Cyprus-based step-down unit IEL have approved the merger of five arms with itself. The unit will have 3 step-down units in Cyprus post-merger.

Deepak Fertilisers & Petrochemicals:

The company entered into a long-term supply agreement for Liquefied Natural Gas with Equinor ASA, Norway.

LTIMindtree:

The company announced the launch of Navisource.AI, a GenAI powered autonomous sourcing platform. The platform aims to reduce overall procurement cost by 10-15%.

Kotak Mahindra Bank:

The company appointed Devang Gheewalla as the Chief Financial Officer and a Key Managerial Personnel of the Bank, and appointed Milind Nagnur as the Chief Operating Officer of the Bank.

Torrent Power:

The company will develop four projects of pumped storage hydro, green hydrogen, solar energy generation with investment of Rs 25,000 crore in Uttar Pradesh.

Whirlpool of India:

Promoter Whirlpool Mauritius will divest 24% stake at a floor price of Rs 1,230 per share, which indicates a discount of 7.6% to current market price.

Astra Microwave Products:

The company incorporated a wholly owned subsidiary Astra Space Technologies for Rs 10 lakh.

Orient Green Power:

Edelweiss (Plaintiff) has withdrawn from the suit filed against promoter SVL and the company before the High Court of Bombay.

ABB India, Elantas Beck India:

The two companies will announce their quarterly results on Tuesday.

Hikal:

The company appointed Dharmesh Panchal as the Chief technology officer.

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The Markets are expected to open marginally lower today as trend in SGX nifty - Arete Securities

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