Powered by: Motilal Oswal
2024-10-30 09:04:24 am | Source: ARETE Securities Ltd
The markets are expected to open marginally lower today as trends in GIFT Nifty - ARETE Securities Ltd
The markets are expected to open marginally lower today as trends in GIFT Nifty - 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 127 points higher at 24,466 on Tuesday.

Atul:

The company has completed a capacity increase of Liquid Epoxy Resin from 30,000 tpa to 80,000 tpa with an investment of ?200 crore funded through internal accruals.

Aurionpro Solutions:

The company acquired data center orders worth ?150 crore for an edge data center in NCR and ?20 crore consultancy for Mumbai and Chennai sites.

EKI Energy Services:

The company registered India's first floating solar project under the Voluntary Carbon Market, generating 24.7 MW and mitigating 38,376 tonnes of CO2 emissions annually.

EFC (I):

The company signed a Letter of Intent to lease 78,084 sq. ft. in Hyderabad, expanding its serviced office space to nearly 2 lakh sq. ft. in Silicon Towers for improved efficiency and services.

Gujarat Fluorochemicals:

The company reported Q2 results with sales up +25% YoY to ?1,188 crore (?1% QoQ), EBITDA up +80% YoY to ?295 crore (?13% QoQ), and net profit up +128% YoY to ?121 crore (?12% QoQ).

Jio Financial Services:

The company established Jio BlackRock Asset Management and Jio BlackRock Trustee, investing ?82.50 crore and ?0.40 crore, respectively, for a 50% stake in each.

JSW Energy:

The company confirmed it submitted the top financial bid for KSK Mahanadi Power's resolution plan under the insolvency process.

PNC Infratech:

The company was declared the L1 bidder for the "Construction of additional 3-Lane Bridge over River Ganga," but the bidding process was annulled by the National Highways Authority of India.

Servotech Power Systems:

The company reported Q2 results with sales up +170% YoY to ?183 crore (?87% QoQ), EBITDA up +232% YoY to ?19 crore (?122% QoQ), and net profit up +278% YoY to ?11 crore (?140% QoQ).

Tata Consultancy Services:

The company secured a 15-year contract to implement Ireland’s Auto Enrolment Retirement Savings Scheme, providing digital solutions for nearly 800,000 workers.

Tata Power:

The company partnered with IndusInd Bank to offer collateral-free solar financing for Micro and Small Enterprises, providing loans from ?10 lakh to ?2 crore.

Transformers and Rectifiers (India):

The company secured orders totaling ?270.21 crore from Siemens, Adani Energy Solutions, AMNS India, and Jindal Group for various transformer supplies.

 

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

SEBI Regn. No.: INM00001274

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here