Global Equities Update\ Stocks in News\ infosys, britania, rcf, pncinfra
AHMEDABAD, 10 OCTOBER
Asian equities are trading in green zone as US stocks closed with gains while Taiwan markets remain shut on Holiday. U.S. stock index futures are trading in the range as market participants are in wait and watch mood ahead of key consumer inflation data that is likely to factor into the outlook for interest rate. Minutes from the meeting showed a “substantial majority” of U.S. Federal Reserve officials supported beginning an era of easier monetary policy, however debate over quantum of the rate cuts.
| Dow Future (US): | 42533, +21.0 points/ +0.05% |
| Nasdaq Future (US): | 20258, -10.0 points/ -0.05% |
| FTSE Future (UK): | 8317, +30.0 points/ +0.37% |
| DAX Future (Germany): | 19430, +35.0 points/ +0.18% |
| Hang Seng Future (Hong Kong): | 21339, +711.0 points/ +3.43% |
| Kospi (South Korea): | 2607, +13.0 points/ +0.50% |
| Nikkei Index (Japan): | 39551, +151 points/ +0.38% |
| Gift Nifty: (India): | 25198, +114.0 points/ +0.45% (Adjusted) |
PNC Infratech: Company declared L1 bidder for project worth Rs 20.91 billion (Positive)
GR Infra: Company has received Letter of Acceptance from Maharashtra Metro Rail Corporation Limited for project of Rs 903 crore (Positive)
Sonata Software: Company and Inube announce strategic partnership to deliver cutting-edge digital platform and bolster go-to-market for us and UK insurers (Positive)
JSW Energy: ICRA has upgraded credit ratings for four subsidiaries of JSW Energy’s Mytrah Vayu group to ICRA A+/Stable from ICRA A/Stable. (Positive)
Akums Drugs: Company launches famotidine, calcium carbonate, magnesium hydroxide in India (Positive)
Kanoria Chemicals: Company says closure order for Ankleshwar plant has been revoked (Positive)
Orissa Minerals Development: Company received a consent to establish for Belkundi iron & manganese ore mine (Positive)
Hitachi Energy: Company to Invest Rs 2,000 Cr Over 4-5 Years Hitachi Energy completes 75 years in India. (Positive)
Nimbus Projects: Company executed joint development agreement with Sunworld residency, Company gets rights to project with estimated sales revenue of Rs 14 billion. (Positive)
Chatha Foods: Company has entered into a joint venture agreement with Frigorifico Allana Private Limited to establish a company for manufacturing and selling ready-to-cook (Positive)
Easy Trip Planners: Board meet on October 14 to issue free shares. (Positive)
Infosys: Company and Microsoft Expand partnership for generative AI (Positive)
Rain Ind: Northern Graphite Corporation and RAIN Carbon Inc have signed a Joint Development Agreement to collaboratively develop and commercialise advanced battery anode materials (Positive)
Zee Ent: Independent Investigation Committee constituted by company submits report to board, finds no material irregularities. (Positive)
Craftsman Automation: Auto component maker said it has acquired a 100% stake in Sunbeam Lightweighting Solutions Private Ltd for ₹376 crore (Positive)
Britannia: Company and BEL group deepen strategic partnership to announce local cheese manufacturing in India, producing Britannia the laughing cow, and empowering local milk farmers, cheese plant witnessed investment of Rs 2.20 billion rupees from JV. (Neutral)
RCF: Company has accorded its approval for placement of purchase order on L&T for setting up of 1200 MTPD complex fertilizer plant on Lstk basis at RCF (Neutral)
Patanjali Foods: Company says arbitration tribunal passed award in arbitration with Ashav advisory, Award directs Patanjali Ayurved, others to provide AAL with 18.7 million shares of Company (Neutral)
JSW Infrastructure: Company announced the appointment of Rinkesh Roy as Joint Managing Director & CEO, effective November 8, 2024. (Neutral)
Indian Railway Finance Corp: Government names Manoj Kumar Dubey as chairman, MD, and CEO. (Neutral)
GTPL Hathway: Net Profit at Rs 12.7 cr vs Rs 34.2 cr, Revenue at Rs 855.6 cr vs Rs 779.2 cr. (YoY) (Neutral)
OLA Electric: Ministry of heavy industries asks automobile testing agency ARAI to look into complaints against Ola Electric. (Neutral)
Adani Enterprises: Issue size of the QIP is at ₹4,200 cr. Indicative price at ₹2,962/sh: CNBC (Neutral)
Vedanta: Company cancels fourth interim dividend board meet for second day in a row (Neutral)
Jindal Steel: Jindal Power in May agreed to partner with PDVSA in the Petrocedeno venture located in the oil-rich Orinoco Belt. (Neutral)
Bharti Airtel: Company’s AI system identifies potential spam calls and spam SMS with an accuracy of about 97%. (Neutral)
NBCC: Company secures Rs 50 crore contract from Sports and Youth Service Department of Odisha government for construction of integrated sports complex. (Neutral)
IRB Infra: Moodys affirms IRB Infra’s Ba1 rating: Bloomberg. (Neutral)
Cantabil: NSE issued a warning letter to the company for disclosing the research report owing to its non-compliance with listing norms (Neutral)
JM FIn: CCI approved restructuring of 2 entities with company. (Neutral)
Star Health: Massive Data Leak: Star Health policyholder data leaked by anonymous hackers. (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.)
