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 324 points lower at 23,559 on Wednesday.
Alkem Laboratories:
The company reported Q2FY25 results with sales up +13% QoQ to ?3,415 crores (-1% YoY), EBITDA up +24% QoQ to ?753 crores (+1% YoY), and net profit up +26% QoQ to ?689 crores (+11% YoY).
Century Plyboards:
The company approved a ?42 crore investment for a Resin & Formaldehyde unit in Punjab, adding 200 MTPD and 250 MTPD capacity respectively, operational by September 2026.
India Grid Trust:
The company, along with BII and Norfund, formed EnerGrid, a $300 million platform to develop greenfield transmission and BESS projects in India.
India Glycols:
The company entered the premium alcoholic beverages market, acquiring rights to produce and distribute Amrut Distilleries' brands in North India.
KFin Technologies:
The company has joined BlackRock’s Aladdin Provider community, enabling it to offer differentiated fund administration services to global asset managers.
Kalpataru Projects International:
The company secured new orders of ?2,273 crores, taking the total order size to approximately ?14,100 crores, with significant traction in T&D and residential projects.
Nazara Technologies:
The company integrated with ONDC Network to launch "gCommerce," a platform offering in-game monetization through affiliate revenue sharing, enhancing developers' earnings.
Patel Engineering:
The company reported Q2FY25 results with sales up +8% QoQ to ?1,174 crores (+15% YoY), EBITDA up +1% QoQ to ?162 crores (+16% YoY), and net profit up +19% QoQ to ?81 crores (+151% YoY).
Ram Ratna Wires:
The company acquired a 60% stake in Tefabo Product, strengthening its position in renewable energy and fabricated components sectors through this strategic acquisition.
Sterlite Technologies:
The company won the ?2600 crore BharatNet project in Jammu & Kashmir, covering 10,000+ kms, using automation for faster fibre deployment and improved broadband connectivity.
Transformers and Rectifiers (India):
The company signed a term sheet to acquire a controlling stake in Posco Poggenamp Electrical Steel, which has an installed capacity of 24,000 MT/year.
Vedant Fashions:
The company informed that the NCLT has sanctioned the Scheme of Amalgamation with Manyavar Creations, effective from April 1, 2024, subject to filing certified copies of the order.
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