The Indian stock market is set to open strongly this Monday, supported by steady global trends and firm domestic signals. Several stocks will be in focus today as companies announce quarterly results, new acquisitions, fresh contracts, and leadership changes.
Stock Market on August 18
EaseMyTrip
EaseMyTrip has made three acquisitions, including buying a 50% stake in London’s ‘Three Falcons Hotel’ and fully acquiring EB Finance in Gurugram.
Dixon Technologies
Dixon Technologies has entered into a partnership with HKC Overseas, which will take a 26% stake in its subsidiary, which is focused on LCD and TFT module manufacturing.
Inox Wind
Inox Wind reported that its quarterly profit more than doubled to Rs 97.3 crore, driven by a 29% increase in revenue.
Vodafone Idea
Vodafone Idea posted a wider loss of Rs 6,608.1 crore, despite revenue rising nearly 5%.
KEC International
KEC International has secured new contracts worth Rs 1,402 crore, taking its year-to-date order intake above Rs 8,400 crore.
PNC Infratech
PNC Infratech has secured a 300 MW solar power project with storage from NHPC, marking its entry into large-scale renewable energy projects.
JK Cement
JK Cement has approved a Rs 4,805 crore greenfield expansion plan in Rajasthan and Punjab, aimed at increasing production capacity to meet future demand.
Valor Estate
Valor Estate has re-appointed Vinod K. Goenka as Executive Chairman and Managing Director for three years.
