2 months ago
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Shares of inox Wind are expected to be in focus due to a Rs 900 crore capital infusion. Brigade Enterprises and Taneja Aerospace are expected to be buzzing due to orders they have received. Shares of Zee Media and Cello World are also expected to trend. Here’s why read more
 "Inox Wind, Zee Media, Cello World, Brigade Enterprises shares in focus; here's why")
GIFT Nifty hinted at a positive start for the share market on Thursday. Reuters
On Thursday, the GIFT Nifty index rose 67 points, or 0.27 per cent, to 24,453 at around 8:50 am, indicating a positive start for Dalal Street and hinting at a potential new opening high. The India VIX, an index that measures market volatility, fell 3.19 per cent to 13.20 points, suggesting calmer market conditions.
Global cues remained positive. In the US, Nasdaq and S&P 500 rallied to new record highs on Wednesday. Latest data on US private sector hiring for June gave a boost to hopes of an interest rate-cut in September. Asian stocks were on the ascent as well.
Inox Wind: Inox Wind Limited (IWL) announced the completion of a capital infusion of approximately Rs. 900 crore by its promoter, Inox Wind Energy Limited (IWEL). The funds are earmarked to eliminate IWL’s external term debt, positioning the company for a net debt-free status.
Brigade Enterprises: Brigade Enterprises has entered into a Joint Development Agreement for a residential project spanning 8 acres, with a total development potential of around 1.2 million square feet. The project is valued at approximately Rs. 1100 crore in Gross Development Value.
Taneja Aerospace and Aviation: Taneja Aerospace and Aviation Limited (TAAL) secured an order from Bharat Electronics (BEL) for aircraft modification and the installation of the SARANG system on 12 Kamov-31 helicopters. The basic order value is Rs. 14.47 crore, to be executed over the next three years.
Zee Media: The Ministry of Corporate Affairs has approved the incorporation of a wholly-owned subsidiary of Zee Media. The new entity, Pinews Digital Private Limited, will focus on mainstream media through a hyper-local app driven by artificial intelligence.
Cello World: The board of directors of Cello World authorized the opening of a Qualified Institutions Placement (QIP) of equity shares with a face value of Rs. 5 each, at a floor price of Rs 896.09 per share. The issue price will be determined in consultation with the appointed book-running lead managers.
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English (US) ·