Global Equities Update\ stocks in news\ vbl, ril, torrentpower, olectra
Ahmedabad, 9 october: Asian markets are trading in the green zone leaded by strong recovery from Hong Kong and Japanese markets while South Korean markets remain shut on Holiday. U.S. stock index futures trading in the narrow range with investors turning averse to big trades before more signals on interest rates from the Federal Reserve and key inflation data.
Global Equity Indices Update
| Dow Future (US): 42060 | -20.0 points/ -0.05% |
| Nasdaq Future (US): 20088 | -19.0 points/ -0.09% |
| FTSE Future (UK): 8259 | +27.0 points/ +0.32% |
| DAX Future (Germany): 19239 | +27.0 points/ +0.14% |
| Taiex Future (Taiwan): 22815 | +237.0 points/ +1.05% |
| Hang Seng Future (Hong Kong):21303 | +521.0 points/ +2.45% |
| Nikkei Index (Japan): 39316 | +408 points/ +1.05% |
| Gift Nifty: (India): 24164 | +32.0 points/ +0.13% (Adjusted) |
Torrent Power: Company has secured two Letter of Awards from MSEDCL for a total of 2,000 MW Energy Storage Capacity from Pumped Hydro Storage Plants (Positive)
Phoenix Mills: Consumption in Q2 FY25 at Rs. 3,289 cr, up 25% over Q2 FY2 (Positive)
Olectra: Emerges lowest bidder for supplying 327 electric buses to Himachal Pradesh Govt. Boosting eco-friendly transportation Strengthening sustainable infrastructure. (Positive)
Dr. Reddy’s Laboratories: Company subsidiary announces promising Phase 1 results for autologous CAR-T cell therapy (Positive)
IRFC: Company Board approved financing of 20 BOBR Rakes to NTPC for Rs 700 Cr under Finance Lease. (Positive)
Aarvi Encon: Company gets order worth Rs 1.73 billion (Positive)
Infosys: Company and Old National Bank have expanded their four-year partnership. (Positive)
GR Infraprojects: Company subsidiary, GR Bilaspur Urga Highway Private Limited, has achieved provisional completion of the 4-laning project on NH-130A in Chhattisgarh. (Positive)
PNB Gilts: Indian government bonds to be included in the FTSE EM Government Bond Index (Positive)
IRBInfra: September toll collections up 19.2% at ₹501.8 cr vs ₹421 cr (YoY) (Positive)
Tata Technologies: Company and BMW Group establish BMW TechWorks India – a Joint Venture to drive automotive software and business IT innovations. (Positive)
Welspun Ent: Receives Rs 1990 cr award from BMC for tunnel project (Positive)
VBL: PepsiCo reported a double-digit revenue growth in India and other emerging markets for the third quarter, despite subdued overall growth globally. (Positive)
Vedanta: Board meeting rescheduled to today for interim dividend announcement (Positive)
Gensol Engineering: Company’s engineering, procurement, and construction order book crosses the Rs 4,000 crore level (Positive)
RPP Infra: Company bags Rs 318.6 crore contract for road development. (Positive)
Tata Communications: Company will announce its Q2 FY25 results on October 17th, 2024. (Neutral)
Wipro Limited: Company will announce its Q2 FY25 results on October 17, 2024 (Neutral)
Dhunseri Ventures: Company enters into share purchase agreement with Dhunseri overseas for $ 4.7 million (Neutral)
JSW Infrastructure: Company announced the appointment of Rinkesh Roy as Joint Managing Director & CEO, effective November 8, 2024. (Neutral)
SKF India: Company board approved evaluation, selection of demerger of industrial business, Company approved incorporation of wholly owned subsidiary. (Neutral)
Reliance Ind: Reliance Retail’s Tira exclusively launches Augustinus Bader in India. (Neutral)
Schneider Electric: Company’s appeal against ₹2.2 crore tax demand for FY18 rejected. (Neutral)
Signature Global: Pre-sales at Rs 2,780 cr vs Rs 980 cr, up 184% YoY (Neutral)
PB Fintech: IRDAI issues observations from inspection for wholly owned arm Policy Bazaar (Neutral)
OLA Elec: Ministry of road transport & highways may seek explanation from Ola Electric regarding customer complaints, sources to CNBC. (Negative)
Timken: Company said it has received a demand order from the Income Tax Department, requiring an additional ₹100 crore in income adjustments for the assessment year 2021-22. (Negative)
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)
(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)
