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 284 points lower at 24,199 on Thursday.
Aurionpro Solutions Ltd:
The company secured a major contract to implement an Automated FareCollection system for Chennai Metro Phase II, enhancing efficiency andconvenience for high passenger volumes.
EaseMyTrip:
The company partnered with Hyperface to improve card solutions, includingcustomer onboarding, personalized campaigns, and launching new cobranded credit card programs to boost customer engagement.
G R Infraprojects Ltd:
The company emerged as the L1 bidder for the “Transmission Scheme forBijapur REZ” in Karnataka, through a competitive bidding process on aBuild-Own-Operate-Transfer basis.
HCLTech:
The company will drive digital transformation for Tasman District Council inNew Zealand, implementing an advanced system with GenAI andautomation for enhanced resident services.
Hindustan Zinc Ltd:
The company was declared the ‘Preferred Bidder’ for two Tungsten blocksin Andhra Pradesh and Tamil Nadu, subject to fulfillment of licenseconditions.
Macrotech Developers Ltd:
In alignment with its growth strategy, the company signed agreements toacquire Bain Capital's stake in Digital Infrastructure Platform entities,advancing its annuity income goal.
MOIL Ltd:
MOIL recorded its highest-ever October production and sales, up 32% and21% YoY respectively, while significantly increasing exploratory drillingactivities.
Polycab India Ltd:
The company emerged as the Lowest Bidder for a BSNL contract in Bihar,focusing on the development and maintenance of the Bharat Net Middlemile network, valued at approximately Rs.1,549 crore.
Shyam Metalics:
The company reported a 24% YoY revenue increase and a 32% YoY EBITDAgrowth in Q2 FY25, with new operations at its Coke Oven and Color CoatedSheets plants.
Tata Consultancy Services (TCS):
TCS signed a multi-year deal with Air France-KLM to migrate data to thecloud, promoting next-gen data-driven aviation and improving airlineoperational efficiencies.
Tata Power Company Ltd:
The company completed the acquisition of a 100% equity stake in ParadeepTransmission Ltd, enhancing its transmission capabilities with a turnover of Rs.256.18 crore.
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Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities