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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 59 points higher at 25,010 on Thursday.

Amara Raja:

The company unit will enter into a strategic agreement with Ather Energyto collaborate on the development and supply of NMC and LFP lithium-ioncells for two-wheeler battery packs.

Godrej Agrovet:

The company signed a definitive agreement to acquire Tyson's stake inGodrej Tyson Foods, increasing its stake from 51% to 100%.

Great Eastern Shipping:

The company declared an interim dividend of Rs 9 per equity share; Q1revenue was 15.1B rupees (17.61% YOY), EBITDA was 9.1B rupees (15.06%YOY), and consolidated net profit was 8.1B rupees (40.63% YOY).

Mahindra Lifespace Developers:

The company invested INR 403.1M to buy convertible debentures and INR80M to acquire 7,999,200 shares of Ample Parks Project 1.

NBCC:

The company wins an order worth INR 50 crore.

NIIT Learnings:

Q1 consolidated net profit was 600M rupees (9.09% YOY), revenue was4.1B rupees (7.89% YOY), EBITDA was 960M rupees (12.56% YOY), andEBITDA margin was 23.58% (1.26% YOY).

Auto Sales Update (July 2024):

Ashok Leyland:

The company reports July total sales of 13,928 units, down 7.57% YOY from15,068 units.

Bajaj Auto:

The company reports July total sales of 354,169 units, up 10.8% YOY from319,747 units.

Eicher Motors:

The company reported July total sales of 6,622 units, up 12.7% from 5,877units (YOY).

Escorts:

The company reports July total sales of 5,769 units, up 3.6% YOY from 5,570 units.

Maruti Suzuki:

The company reported July total sales of 1,75,041 units, a decrease of 3.6%from 1,81,630 units (YOY).

Tata Motors:

The company reports July total sales of 71,996 units, down 10.7% YOY from80,633 units.

TVS Motor:

The company reports July total sales of 354,140 units, up 8.65% YOY from325,977 units.

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