IGI Logo

Market Updates

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 140 points lower at 19,671 on Wednesday.

Wipro:

The IT major's board approved the merger of its five wholly owned subsidiaries into self.

GPT Infraprojects:

The company received Rs 739 crore contract to construct Prayagraj Southern Bypass in Uttar Pradesh.

Infosys:

The company inked pact with Google Cloud for providing enterprise solutions for AI?first organisations.

Mastek:

The company signed digital service contracts with U.K. Government to deliver technical service desk for the One Login Programme

IIFL Finance:

The NBFC approved raising funds up to Rs 3,000 crore via equity, convertible instruments

Crompton Greaves:

The company appointed D Sundaram as the Chairperson. It also appointed Anil Chaudhry and Sanjiv Kakkar as the Non?Executive Independent Directors w.e.f. Oct. 17.

ITC:

The company raised stake in Delectable Technologies to 39.32% by acquiring an additional 6% stake for Rs 3.5 crore.

Power Mech Projects:

The company's board approved and authorized the opening of the QIP issue on Oct. 18. The floor price is set at Rs 4,085.44 apiece.

Alkyl Amines:

The newly set up plant at existing Kurkumbh site, Maharashtra for enhancing manufacturing capacity of Ethyl Amines has successfully commenced commercial production on Oct. 18.

Earnings Results:

Bandhan Bank Q2 FY24 (Standalone) Net profit up 3.45 times YoY at Rs 721.16 crore vs Rs 209.27 crore. Net interest income up 11% YoY at Rs 2,443.36 crore vs Rs 2,193 crore. Gross NPA: 7.32% vs 6.76% (QoQ). Net NPA: 2.32% vs 2.18% (QoQ). NIM at 7.2% vs 7.0% (YoY).

Please refer disclaimer at http://www.aretesecurities.com/

SEBI Regn. No.: INM000012740