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 18 points lower at 23,688 on Wednesday.
Afcons Infrastructure:
The company secured a ?1,084.54 crore EPC contract from DRDO for infrastructure development in India, with a 36-month completion timeline.
Bartronics India:
The company signed an MoU with PTW Group to bolster India’s semiconductor sector through production, refurbishing, training, and global collaborations.
Brookfield India REIT:
The company completed a ?150.4 crore acquisition of Mountainstar India Office Parks by purchasing its entire share capital.
EMS:
The company received a ?416.46 crore Letter of Acceptance from Indore Municipal Corporation for sewage treatment plant design and a 15-year O&M contract.
Hyundai Motor India:
The company launched upgraded variants of VENUE, VERNA, and Grand i10 NIOS with enhanced technology, comfort, and performance features.
ITCONS E-Solutions:
The company won a ?4.03 crore contract from Central Warehousing Corporation to provide manpower services for two years.
KEC International:
The company secured new orders worth ?1,136 crore across T&D, Transportation, and Oil & Gas Pipelines, raising YTD order intake to ?20,600 crore.
M&M:
The company unveiled an EV manufacturing and battery assembly facility in Chakan, Pune, with ?4,500 crore investment planned over F22-F27.
Prime Focus:
The company’s subsidiary PF Motion set up DNEG Creative Private Limited in India, focusing on post-production for video and motion pictures.
Route Mobile:
The company partnered with PT MRT Jakarta to launch a WhatsApp-based metro ticketing solution, improving commuter experience and marketing.
Transformers and Rectifiers:
The company reported Q3 results with revenue up +50.7% YoY to ?550 crore (?51.2% QoQ), EBITDA up +126.6% YoY to ?79 crore (?14.2% QoQ), and net profit up +276.1% YoY to ?50 crore (?6.3% QoQ).
United Breweries:
The company suspended beer supply to Telangana Beverages Corporation due to unchanged prices since 2019-20 and pending dues.
Voltamp Transformers:
The company received a ?41 crore purchase order from Adani Power and Mahan Energen for distribution transformers to be delivered in 12 months.
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