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2024-11-18 08:58:24 am | Source: ARETE Securities Ltd
The Markets are expected to open marginally lower today as trendsin GIFT Nifty indicate a negative start - ARETE Securities Ltd

The markets are expected to open marginally lower today as trendsin GIFT Nifty indicate a negative start for the broader index afterNifty closed 26 points lower at 23,532 on Thursday.

Agro Tech Foods:

The company approved the acquisition of 100% equity shares of Del MonteFoods, making it a wholly owned subsidiary.

Bajaj Steel Industries:

The company received an export order worth Rs.24 crores for design,manufacturing, supply, and commissioning of electrical panels, fire fighting,and HVAC products, to be delivered over 1 year.

Garware Hi-Tech Films:

The company reported Q2 results with sales up +56% YoY to Rs.620.6 crore(?31% QoQ), EBITDA up +103% YoY to Rs.150.5 crore (?16% QoQ), and netprofit up +127% YoY to Rs.104.3 crore (?18% QoQ).

Global Health:

The company reported Q2 results with sales up +13% YoY to Rs.975 crore(?10% QoQ), EBITDA up +6% YoY to Rs.247 crore (?18% QoQ), and net profitup +4% YoY to Rs.131 crore (?23% QoQ).

Happy Forgings:

The company received a five-year order from a North American powergeneration equipment manufacturer, expected to generate ?28 croreannually from FY26.

Honasa Consumer:

The company reported Q2 results with sales down -7% YoY to Rs.462 crore(?17% QoQ), EBITDA down -178% YoY to -Rs.31 crore (?33% QoQ), and netprofit down -166% YoY to -Rs.19 crore (?53% QoQ).

Jash Engineering:

The company reported Q2 results with sales up +49% YoY to Rs.143.8 crore(?24% QoQ), EBITDA up +85% YoY to Rs.28.7 crore (?452% QoQ), and netprofit up +87% YoY to Rs.16.1 crore (?16000% QoQ).

G E Shipping:

The company delivered its 2005-built Suezmax Crude Tanker "Jag Lalit" tobuyers, with its fleet now comprising 40 vessels totaling 3.15 million dwt.

SpiceJet:

The company resolved a $90.8 million dispute with EDC for $22.5 million,saving $68.3 million and gaining ownership of 13 Q400 aircraft.

S.J.S. Enterprises:

The company subscribed to 10.50 lakh Class A Equity Shares of SuryaurjaOne Private Limited (SOPL) as part of a solar power supply agreement.

Trishakti Industries:

The company secured a Rs.20 million contract from Jindal Stainless forsupplying machines for its ongoing SMS and Blast Furnace project, to beexecuted within 6 months.

 

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