Markets may open positive on RBI liquidity programme
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Stocks which are likely witness action today: Hindustan Copper, Muthoot Finance, Aimco Pesticides, Rajesh Exports, Wipro, AGC Networks and Tanla Platforms.
Thanks to RBI injected confidence, Indian stock markets are likely to open bullish on Thursday, even as global cues are slightly negative. The SGX Nifty at 14,916.80 indicates a 30-point gap-up opening as Nifty futures on Wednesday closed at 14,888.
Overnight, the US stocks Dow Jones and S&P-500 closed marginally higher, Nasdaq ended a tad lower. However, Asian stocks such as Nikkei, Shanghai and Kospi are little changed with a negative bias, while Australian stocks are up moderately.
Aimco Pesticides signs multi-year contract manufacturing deal with Indian agrochemical major
Posted On: 2021-04-07 05:11:48 (Time Zone: Arizona, USA)
Aimco Pesticides Limited, India s reputed, integrated agrochemicals company, announced that it has executed a 3 year contract manufacturing agreement for one of its existing product with an Indian agrochemical major (hereinafter referred as Customer ).
The contract entails a 3-year supply agreement with the Customer commencing 1st April 2021, for one of the Company s existing Technical product. The company expects production to fully-stabilize by June 2021, during which production will ramp-up to the desired levels. Over the tenure of the contract, the company expects to generate revenues of approximately ₹225-250 crores. The Company has already incurred a capital outlay of ₹5 crores and further investment of ₹10 crores in plant & machinery, debottlenecking, utility & safety, effluent treatment facility, and warehousing