The markets are expected to open marginally lower today as trends in GIFT - ARETE Securities Ltd
The markets are expected to open marginally lower today as trends in GIFT Nifty indicate a negative start for the broader index after Nifty closed 126 points higher at 24,698 on Tuesday.
AXISCADES Tehnologies:
The company’s subsidiary Epcogen has secured a long-term contract from Highview Power for the EPC construction of the Carrington Power Project, a large-scale liquid air energy storage facility in Manchester, UK, with operations expected to start in 2026.
CG Power:
The company has completed the acquisition of M/s. G.G. Tronics India Private Limited, making it a subsidiary as of August 20, 2024.
Cement Stocks:
Cement companies have announced price increases of ?10-20 per bag across most regions.
Greaves Cotton:
The company’s subsidiary, Greaves Finance, has teamed up with River Mobility to offer customized financing solutions for River’s electric scooters, including low-interest loans and leases.
HG Infra:
The company has been awarded a ?781 crore order by the MoRTH for upgrading a 10.17 km stretch of NH 47 in Gujarat, including an elevated corridor, on a Hybrid Annuity Mode.
Interarch Building Products:
The IPO was subscribed 6.21x overall, with QIB portion at 0.27x, NII portion at 16.63x, RII portion at 4.93x, and Employee portion at 7.62x.
June Telecom Data:
Reliance Jio added 19.11 lakh users, a 12.8% decrease from 21.95 lakh users month-over-month.
Bharti Airtel added 12.52 lakh users, a 1.6% increase from 12.50 lakh users month-over-month.
Vodafone Idea lost 8.60 lakh users, a 7.0% improvement from a loss of 9.24 lakh users month-over-month.
Motilal Oswal Financial Services:
The company has approved raising ?200 crore through the private placement of non-convertible debentures.
Quess Corp:
The company has received BSE and NSE approval for its demerger process.
Reliance Industries:
The company, along with Disney, has received a warning notice from India's antitrust body, which cites concerns that their $8.5 billion merger and cricket broadcast power may harm competition.
StarlinePS Enterprises:
The company has received a ?38 crore order from M/s. Saketh Impex for the supply of natural diamonds.
TATA Motors:
The company has set September 1 as the record date for converting DVR shares into equity, with holders receiving 7 ordinary shares for every 10 DVR shares helcd.
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Post market comment by Mandar Bhojane, Research Analyst, Choice Broking