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 42 points higher at 25,278 on Monday.
Adani Green Energy:
The company approved the execution of binding documents with ARE64L and TotalEnergies, where TotalEnergies will invest $444 million to form a new 50:50 JV housing a 1,150 MWAC portfolio.
Concord Control Systems:
The company approved a preferential issue of shares worth up to ?500 million.
Gensol Engineering:
The company and Matrix Gas & Renewables consortium emerged as the lowest bidder for the EPC of India’s first biomass-to-green hydrogen project, valued at ?164 crore.
GR Infraprojects:
The company to divest 100% equity stake in GR Aligarh Kanpur Highway; the company approved the acquisition of 100% stake in Tumkur-II Rez Power Transmission.
Hindustan Composites:
The company entered into a share purchase agreement with Swiggy for an investment of ?51.8 million.
India Hume Pipe:
The company received an LoI from Tapi Irrigation Development Corporation Jalgaon for a project worth ?858.88 crore.
Uno Minda:
The company acquired a 49% equity stake in Minda Nabtesco Automotive for ?13 million, an entity in the automotive components sector.
Auto Sales Update (August 2024):-
Ashok Leyland:
Total sales were 14,463 units vs. 15,576 units last year, a 7.1% decline.
Atul Auto:
Total sales were 2,834 units vs. 2,610 units last year, an 8.6% increase.
Bajaj Auto:
Total sales were 397,804 units vs. 341,648 units last year, a 16.4% increase.
Eicher Motors:
Total CV sales were 6,543 units vs. 6,476 units last year, a 0.5% decline; motorcycle sales were 73,629 units vs. 77,583 units last year, a 5.1% decline.
Maruti Suzuki:
Total sales were 181,782 units vs. 189,082 units last year, a 3.9% decline.
M&M:
Total sales were 76,755 units vs. 70,350 units last year, a 9.1% increase.
SML Isuzu:
Total sales were 990 units vs. 1,005 units last year, a 1.5% decline.
Tata Motors:
Total sales were 71,693 units vs. 78,010 units last year, an 8.1% decline.
TVS Motors:
Total sales were 391,588 units vs. 345,848 units last year, a 13.2% increase.
VST Tillers:
Tractor sales were 394 units vs. 421 units last year, a 6.4% decline; power tiller sales were 4,022 units vs. 3,616 units last year, an 11.2% increase.
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