IGI Logo

The markets are expected to open marginally lower today as trendsin GIFT Nifty indicate a negative start for the broader index after Nifty closed 104 points higher at 24,854 on Friday.

Aether Industries:

The company reported Q2 results with a revenue increase of +18% YoY to Rs.210 crores (?9% QoQ), EBITDA rising +2% YoY to Rs.61 crores (?18% QoQ),and Net Profit down -5% YoY to Rs.35 crores (?16% QoQ).

Akums Drugs and Pharmaceuticals:

The company signed a MoU with the Government of Zambia for localmedicine manufacturing and to strengthen collaboration in medical supplies.

Elecon Engineering Company:

The company reported Q2 results with a revenue increase of +5% YoY toRs.508 crores (?52% QoQ), EBITDA declining -6% YoY to Rs.112 crores (?22%QoQ), and Net Profit down -1% YoY to Rs.88 crores (?21% QoQ).

Hinduja Global Solutions:

The company launched the HGS AI Hub in Manila to enhance digitalexperience, providing an interactive space for clients to co-create solutionsusing advanced technologies like AI and virtual reality.

Hindustan Zinc:

The company approved an investment in Serentica Renewable India Pvt Ltdwith a minimum 26% equity stake.

JSW Energy:

The company signs PPAs with MSEDCL for 1,200 MW Solar-Wind Hybridcapacity at Rs.3.60/kWh, with projects set for a 25-year term and expectedcommissioning within 24 months.

KIMS:

The company signed a MoU with Wipro GE Healthcare valued at up to Rs.700crores for medical technology and services across all 12 KIMS hospitals and4 upcoming facilities over the next 3 years.

Kotak Mahindra Bank:

The company entered an agreement to acquire Standard Chartered BankIndia's personal loan book worth Rs.4,100 crores, aligning with Kotak'sstrategy to expand in the affluent customer segment and strengthen itsretail lending portfolio.

Mahindra Holidays & Resorts:

The company received a favorable Order-in-Appeal from the Commissioner(Appeals), GST & Central Excise, Rajkot, setting aside the previous order anddropping a demand of Rs.50.9 lakhs and a penalty of Rs.5.5 lakhs.

Persistent Systems:

The company launched SASVA 2.0, an AI platform enhancing softwareengineering with end-to-end solutions and insights for improvedproductivity and growth.

R.P.P Infra Projects:

The company secured new orders worth Rs.35.60 crores, including Rs.28.25crores for a 7MLD water conveyance system and Rs.7.35 crores for internalwater supply, with a work order backlog of Rs.3,558.84 crores.

Thomas Cook (India):

The company inaugurated a new franchise outlet in Greater Noida,expanding its presence in the Delhi-NCR region to 13 locations.

Please refer disclaimer at http://www.aretesecurities.com/

SEBI Regn. No.: INM00001274