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 260.90 points lower at 19,281.75 on Monday.

Tech Mahindra:

The company's U.S.A. unit approved divesting 30% holding in Avion Networks Inc. The stake is to be divested for a consideration of $50,000, and the divestment is to be completed by Oct. 31.

Llyods Metals and Energy:

Mahendra Singh Mehta was appointed as an additional independent director of the company for a term of five years

Lupin:

The company received approval from the U.S. FDA for its abbreviated new drug application for Fluconazole Tablets, USP.

LTIMindtree:

The company won the prestigious Golden Peacock Award in 2023 for its sustainability efforts.

KPI Green Energy:

The company received an order from Sustainable Spinning and Commodities Pvt. for executing the Wind?Solar Hybrid Power Project for 4.20 MW capacity, comprising 4.20 MW wind and 3.60 MW solar capacity.

Adani Ports and SEZ:

The company incorporated a wholly owned subsidiary company, Udanvat Leasing IFSC, for Rs 2.5 crore. Udanvat will carry out the business of owning and leasing aircraft.

Trident:

Vinod Kumar Goyal was appointed as the CEO of the company's yarn business.

Earnings In Focus

Axis Bank, Tech Mahindra, Indus Towers, Jubilant Foodworks, Sona BLW Precision Forgings, Sonata Software, Lakshmi Machine Works, Welspun India Chalet Hotels Chennai Petroleum Corp Responsive Industries CMS Info Systems, Share India Securities, Rallis India, Shanthi Gears, Bannari Amman Sugars, Gulf Oil Lubricants India, Swaraj Engines, TV18 Broadcast, Network18 Media & Invest

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

SEBI Regn. No.: INM000012740