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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 84 points higher at 24,586 on Monday.

Ashok Leyland:

The company bagged its single largest order of 2,104 fully built buses from Maharashtra State Road Transport Corporation worth INR 981.45 crore.

Balkrishna Industries:

The company completed the manufacturing of a mould plant at Bhuj.

Century Textiles and Industries:

The company's Birla Estates secured a prime 5-acre land parcel in Sector 71, Gurugram, with future development potential of ~1 million square feet and an approximate topline of INR 1,400 crore+.

HUL:

The company signed an agreement to sell its Pureit business in India to A.O. Smith on a slump sale basis for an enterprise value of $72 million.

Hindalco:

The company approved the sale of land situated at Kalwa, Maharashtra; expects to receive INR 595 crore in multiple tranches over time, along with 1.5% of the sales revenue.

Jio Financial Services:

The company commenced leasing AirFiber devices in June 2024, will offer EMI on credit/debit cards and brand EMI, and tied up with 31 insurance companies for insurance broking.

Max Estates:

The company approved a fundraise worth up to INR 8 billion.

Mishtann Foods:

The company reported Q1 EBITDA of INR 726M (vs INR 727M YoY), with Q1 EBITDA margin at 19% (vs 24.7% YoY); Q1 consolidated net profit was INR 713M (vs INR 689M YoY), and Q1 revenue was INR 3.82B (vs INR 2.93B YoY).

PTC Industries:

The company's board approved raising INR 700 crore via QIP.

RVNL:

The company updated regarding LOA received from East Coast Railway worth INR 160 crore.

Ugro Capital:

The company is on track to achieve its stated business target of 50% off-book AUM proportion; achieved off-book AUM of 45% as of June' 2024, up from 43% in June' 2023; overall AUM as on Q1FY25 stood at INR 9,200+ crore vs INR 9,047 crore in Q4'FY24 and INR 6,777 crore in Q1'FY24.

Vodafone Idea:

The company filed a plea to correct alleged errors in the computation of its AGR dues, with its current AGR liability at approximately INR 70,300 crore, potentially reducing its liability by INR 30,000-35,000 crore if successful.

Zee Entertainment Enterprises:

The company's shareholders approved the issue of securities up to INR 20 bn.

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