Suzlon Energy bags wind power contract from Adani Green

The Markets Today in a nutshell

• Domestic benchmark indices ended with strong gains.
• Sliding crude oil prices and upside prospects to Q2 corporate earnings boosted investors sentiment. Investors also cheered the Reserve Bank of India’s commentary on inflation. All the sectoral indices on the NSE ended higher. PSU banks shares surged. Meanwhile, healthcare and pharma shares lagged.

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News you could use

? Aster DM Healthcare stock price rallies on joint venture agreement
Aster DM Healthcare announced its retail arm Aster Pharmacy has entered into a long-term joint venture agreement with Al Hokair Holding Group to setup and operate pharmacies in the Kingdom of Saudi Arabia (KSA). Aster Pharmacy through this partnership aims to set-up and operate 250 plus stores over a period of 5 years and provide ease of access to pharmaceutical and wellness products across the segments of nutrition, baby care, skin care, home healthcare etc.

? Suzlon Energy bags wind power contract from Adani Green
Suzlon Energy will install 23 units of their wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each. The project is located in Mandvi, Kutch Gujarat and is expected to be commissioned in 2023. This order is a repeat order from Adani Green Energy Ltd. and is in addition to the existing order of 226.8 MW as announced on 13th August 2021.

? Electronics Mart hits upper circuit as Nippon India MF picks addition stake
Electronic Mart continued to see buying interest for the second straight session on October 18 after Nippon India Mutual Fund bought an additional 0.6 percent equity stake in the company through open market transactions.

News from the IPO world?

• BIBA Fashions received SEBI approval for IPO
• SEBI gives a go ahead for Keystone Realtors IPO 
• Plaza Wires Ltd and Hemani Industries Ltd gets SEBI’s go ahead to float IPO

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