The markets are expected to open marginally lower today as trends in GIFT NIFTY indicate a negative start - 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 98 points higher at 23,742 on Wednesday.
APL Apollo Tubes:
The company reported its highest-ever sales volume of 828,200 Ton in Q3FY25 (+9.2% QoQ, +37.2% YoY), totaling 2,307,531 Ton for 9MFY25 (+19% YoY).
AXISCADES Technologies:
The company fully repaid ?67.01 crore in optionally convertible debentures to Anicut Capital, funded by ?50 crore in NCDs and ?17.01 crore from internal accruals.
Goodluck India:
The company commenced commercial production of hydraulic tubes at its Sikandrabad plant, Bulandshahr, Uttar Pradesh.
Gravita India:
The company commenced commercial production of recycled aluminum alloys at its Ghana plant (4,000 MTPA), investing ?6.75 crore to cater to European and Asian auto industries.
NCC:
The company received an order worth ?349.70 crores for its Building Division from a private company, with a 32-month duration.
Pennar Industries:
The company entered into a Joint Venture Agreement with Zetwerk Manufacturing Businesses and others to form a JV for manufacturing and selling solar modules, with ?18.75 crore equity.
Power Mech Projects:
The company secured a ?294 crore order from Adani Power for overhauling, assessment, and commissioning of SG and STG units at Korba Phase-II Thermal Power Project.
Praveg:
The company launched luxury resort operations at Praveg Caves Jawai, offering a blend of opulence and adventure in Rajasthan’s wilderness.
RailTel Corporation:
The company secured a ?78.43 crore work order from Bharat Coking Coal Limited for integrated IT-based security infrastructure, to be executed by August 2025.
RITES:
The company received a notification of intention to award for providing engineering services for upgrading the Palmyra to Moleson Creek Highway, valued at $9.71 million.
Steel Strips Wheels:
The company reported a net turnover of ?364.74 crore (+9.81% YoY) and gross turnover of ?444.81 crore (+10.19% YoY), with significant growth across Tractor (+57% by volume), Passenger Car-Alloy (+17% by volume), Passenger Car-Steel (+7% by volume), and Exports (+3% by value).
VA Tech Wabag:
The company secured a ?145 crore order from Chennai Petroleum Corporation for desalination water pipeline design, engineering, and installation between CPCL's Manali Refinery and Kattupalli plant.
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Weekly Technical Market Outlook 04-01-2025 by Jainam Share Consultants