23-08-2024 09:11 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

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The markets are expected to open marginally lower today as trendsin GIFT Nifty indicate a negative start for the broader index afterNifty closed 41 points higher at 24,811 on Thursday.

Aptech:

The company received an LOI from a Government of India Enterprise forrecruitment and promotion examination services, with estimated revenueof Rs.4.76 crore, contingent on milestone deliverables.

Bajaj Auto:

The company has met the mandatory 50% minimum domestic value additionrequirement and received approval for all 13 applications under the PLI schemes,potentially covering both EV scooters and bikes, as well as components.

BEL:

The company has received a Rs.695 crore order for combat managementsystems, communication equipment, stabilized optronic pedestals,upgrades, spares, and services, bringing its total orders to Rs.5,920 crore forthe current financial year.

Dabur India Ltd:

The company has signed an MoU with the Tamil Nadu government for a Rs.135 crore manufacturing unit in SIPCOT Tindivanam, with plans to expandinvestment to Rs.400 crore and create around 250 direct jobs.

Dhruv Consultancy:

The company’s JV has secured an NHAI contract for supervising the AligarhPalwal highway project, worth Rs.4.74 crore.

HUDCO:

The company has signed an MoU with the Yamuna Expressway IndustrialDevelopment Authority (YEIDA) to provide long-term financial assistance forprojects along the Yamuna Expressway and offer fee-based consultancy andproject management services.

Nazara Tech Co:

The company has infused GBP 4.2 million and extended a GBP 16.9 million (Rs.183crore) loan to its unit, Nazara UK, for a strategic acquisition in the gaming sector.

ONGC:

The company will buy back its CCDs worth Rs.7,778 crore from financialinstitutions.

Orient Technologies:

The IPO was subscribed 14.3 times overall, with the QIB portion subscribed0.08 times, the NII portion subscribed 15.75 times, and the RII portionsubscribed 21.51 times.

RVNL:

The company has signed an MoU with a Malaysia-based firm to engage inrailway infrastructure projects across the ASEAN market.

Shyam Metalics:

The company has finalized its first 20.43 MW of the announced 100 MWrenewable energy project at its manufacturing facilities and office, with atotal capital investment of Rs.50 crore, divided into three phases.

Transformers and Rectifiers:

The company has received export orders worth $16.80 million.

Welspun Enterprises:

The company's arm has received an order worth Rs.160 crore from BMC for therehabilitation of man-entry sewers using trenchless technology in Mumbai.

 

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