29 Dec, Morning Brief

Flat opening expected as SGX Nifty is trading up with just 9 points.

Yesterday, Nifty started on a bullish note but failed to hold gains and closed near its opening level making a ‘Spinning Top’ kind of indecisive pattern on the daily charts. 10460 will be considered as an immediate support and 10520 as an immediate resistance.

🎯 News & Impact 🎯

Listing Today :
Astron Paper

🎯 L&T :
Company has won a Rs.1,000-crore contract to maintain 5 million smart meters in Uttar Pradesh and Bihar over the next eight years.
Positive for the stock. 👍

🎯 Rcom :
Reliance Communications to sell its wireless business to Reliance Jio.
Positive for the stock. 👍

🎯 Star Cement :
Company has received Rs.158.82 crore towards capital investment subsidy claim from the government. 
Positive for the stock. 👍

🎯 Amulya Leasing & Finance :
Company promoter Sameer Gupta today sold over 35 % stake in the firm for more than Rs.98 crore.
Negative for the stock. 👎

🎯 Tata Global Beverage :
Tata Global Beverages (TGBL) has sold its stake in joint venture firm Estate Management Services Private Limited (EMSPL) for a consideration of Rs.120 crore.

🎯 Lupin Ltd :
Company received final approval from the US health regulator for its generic version of Dovonex scalp solution used in the treatment of psoriasis of the scalp.

🎯 SBI :
State Bank of India has received board approval for raising Rs.8,000 crore to meet Basel III capital adequacy norms through various instruments, including masala bonds. 

🎯 Bank of Baroda :
Bank will purchase its joint venture partner UniCredit’s entire 51 per cent stake in Baroda Pioneer Asset Management Company (AMC) and Baroda Pioneer Trustee Company Private Ltd (Trustee). 

🎯 Quess Corp :
Company acquired 100 % in Master Staffing Solutions between Manipal Integrated Services and Quess Corp.

🎯 Cairn India :
Company has acquired controlling stake in AvanStrate, a Japanese manufacturer of LCD glass substrate, with an investment of $158 million

🎯 Tata Steel :
Company is ramping up production at its Khondbond iron ore mine in Odisha to fuel expansion of the Kalinganagar plant.

🎯 Kolte-Patil Developer :
Global investment firm KKR will invest Rs. 193 crore in its township at Pune. 

Edited by Sharp.
© Sharp Investment & Financial Advisers

28 Dec, Morning Brief

Market may open with a positive note as SGX Nifty is trading up by 32 points. Again market may witness profit booking at higher levels.

🎯 News & Impact 🎯

New Listing Today :
Astron Paper & Board Mill

🎯 Auropharma :
Company received final approval from the US health regulator to manufacture and market its generic version of Fondaparinux Sodium injection used to prevent deep vein thrombosis.
Company arm Aurolife Pharma LLC gets US FDA nod for Lorazepam (0.5-2 mg) tablets (used to treat anxiety disorders, trouble sleeping, active seizures)
Positive for the stock.

🎯 Dr Reddy :
Company gets tentative US FDA nod for Sapropterin Dihydrochloride (100 mg) tablets (used to reduce blood phenylalanine concentrations in patients).
Positive for the stock.

🎯 Alkem :
Company gets US FDA nod for Ezetimibe & Simvastatin (10mg) tablets (a drug combination used to treat dyslipidemia).
Positive for the stock

🎯 Granules :
Company gets US FDA nod for Cetirizine Hydrochloride (10 mg) tablets (used to treat hay fever, allergies, angioedema).
Positive for the stock.

🎯 Auto Sector :
The Lok Sabha today approved a bill to hike cess on luxury vehicles from 15 % to 25 %.
Negative for the sector.

🎯 Rel Infra :
India Ratings upgrades long-term issuer rating to evolving from negative. 

🎯 Vedanta :
Company announced the acquisition of a controlling stake in Japanese glass substrate manufacturer AvanStrate Inc from global private equity firm Carlyle Group for $158 million.

🎯 IOB :
IOB is selling Rs 600 crore worth exposure in debt-laden steel firm Bhushan Steel Ltd.

🎯 IL&FS :
Company ties up with J&K Bank to finance Rs.2,000 crore hydropower projects.

Edited by Sharp.
© Sharp Investment & Financial Advisers

27 Dec, Morning Brief

Flat opening expected. Bulls will have to struggle to hold near life highs.

🎯 News & Impact 🎯

🎯 Canara Bank :
The board of the bank decided to raise additional equity capital amounting to Rs90 crore through QIP route.

🎯 Apollo Tyres :
Company recently raised Rs.1,500 crore through a QIP.

🎯 63 Moons Technologies :
Sebi penalised 63 Moons Technologies, formerly known as Financial Technologies, as it failed to seek prior approval for the name change from stock exchanges. 

🎯 Alembic Pharma :
USFDA has granted Orphan-Drug Designation for Tenalisib (RP6530) for it's
Associate Company, Rhizen Pharmaceuticals S.A. (Rhizen).

🎯 Dr. Reddy’s Lab :
Company launched Melphalan Hydrochloride for Injection, a therapeutic equivalent generic version of Alkeran (melphalan hydrochloride) for Injection used in the treatment of certain types of cancer and approved in the US market by the US Food and Drug Administration (USFDA), said a report.

🎯 Sun Pharma :
USFDA has accepted a new drug application (NDA), filed by its wholly owned subsidiary, for OTX-101 (cyclosporine A, ophthalmic solution)

🎯 Pidilite :
Board has approved a share buyback proposal of up to Rs.500 crore.

🎯 IDBI :
IDBI has disengaged Moody’s Investors Services (Moody’s) to rate its bond programmes.

🎯 Punjab & Sind Bank :
The Board of Directors approved raising of equity capital through Public Issue (Follow on Public Offer) / Right Issue / Qualified Institutional Placement(s) / Preferential Issue or any other mode or a combination(s).

🎯 Yes Bank :
Announces the acquisition of more than 5% stake in One Point One Solutions Limited ('OPOSL').

🎯 Prestige Estates :
Company announced the acquisition of 66.66% stake in a Group Company, Prestige Projects Private Limited for Rs. 324 Crore.

🎯 Jindal Steel :
Completes 3 MTPA steelmaking oxygen furnace installation at Angul, Odisha.
Completes Rs 33,000 crore capex program.

🎯 Infy :
Promoters stake post buyback rise to 12.90 % from 12.75 %.

🎯 DLF to consider allotment of compulsorily convertible debentures & warrants to certain promoter group entities on December 29.

Edited by Sharp.
© Sharp Investment & Financial Advisers

22 Dec, Morning Brief

Flat opening expected today.

Rising crude oil prices can be a concern of worry for the market.

Hope on US Tax bill and fastest growth in US economy in last 2 years lifted three major US indices up.

🎯 News & Impact 🎯

🎯 HDFC :
Deal To Sell Capital Of HDFC Developers & HDFC Realty For Rs.102 Cr & Rs.255 Cr Respectively to Quikr India.

🎯 Sunpharma :
Recalls Two Batches Of Diabetic Drug From US Market.

🎯 Auropharma :
Aurobindo Pharma Gets US FDA Nod For Amlodipine Besylate & Valsartan Tablets.
Positive for the stock.

🎯 NHPC :
Company approved amending the company's MoA to enable it to apply to power regulator CERC for trading licence. The decision is in line with the Power Ministry's plan to make NHPC an aggregator for meeting the demand of peaking power. 
Positive for the stock.

🎯 TCS :
TCS is assured of $320mn in business from Nielsen every year from 2017 to 2020, $186mn in annual revenue from 2021 through 2024 and $139.5mn in 2025.
Positive for the stock.

🎯 Bharti Airtel :
UIDAI Allows Co To Resume Aadhaar Based e-KYC Services.

🎯 Havells India :
The company announced its foray in the water purifiers segment aiming at Rs 100 crore revenue in the first year of operations.

🎯 Khaitan Electricals :
Seasite Finance Filed Application With NCLT Hyderabad To Initiate Corporate Insolvency Resolution Process (CIRP) Vs Co.

🎯 Canara Bank :
Canara Bank Proposes To Offload 4% Stake In Can Fin Homes.

🎯 Adani Power, Tata Power, Suzlon Energy, Inox Wind :
Wind power tariff hit new low of Rs. 2.43/unit.
Negative for the stocks.

🎯 Dilip Buildcon :
Company has been awarded two new EPC projects valued at Rs.517.81 Cr. by Ircon International.

Edited by Sharp.
© Sharp Investment & Financial Advisers

21 Dec, Morning Brief

Market expected to open on a flat note as SGX NIFTY is trading just 6 points down.

Yesterday, Nifty made a new life high but failed to hold at higher level and it's closing on Nifty daily chart formed a doji which says a halt in the rally and any sustainability above yesterday's high will help the index to move northwards strongly.

🎯 News & Impact 🎯

🎯 Rcom :
Jio leads the race to buy Reliance Communications' assets.
Positive for the stock.

🎯 Sun Pharma :
Sun pharma subsidiary Taro gets US FDA nod for Clindamycin Phosphate & Benzoyl Peroxide Gel (used to treat moderate acne).
Positive for the stock.

🎯 GIC Re :
Company has received approval to set up a syndicate at Lloyd's of London. The development is seen helping GIC Re broaden and diversify its international portfolio. 
Positive for the stock.

🎯 BoI, United Bank :
RBI has imposed certain restrictions on Bank of India and United Bank of India due to a sharp rise in non-performing loans and erosion in capital.
Negative for the stocks.

🎯 HDFC :
HDFC sold a 6.3 % stake in Computer Age Management System (CAMS) to Warburg Pincus for Rs 210 crore.

🎯 IVRCL :
Company enters into share purchase agreement with Cube Highways for sale of entire stake in Salem tollways and Kumarapalayam Tollways Ltd.

🎯 Pidilite :
Pidilite board to consider buyback of shares on December 26.

🎯 Varun Beverages :
Company to acquire Pepsico India’s franchised sub territory in Jharkhand.

🎯 Coal India :
Board approves long term linkage under SHAKTI auction for 9000 MW.

🎯 SQS India :
Assystem Services made an open offer to acquire 27.82 lakh shares, or 26 percent stake at Rs 475.27 each.

🎯 Textile Sector :
Cabinet approves scheme for capacity building in textile sector.
Positive for the sector.

Edited by Sharp.
© Sharp Investment & Financial Advisers

20 Dec, Morning Brief

Negative to flat opening expected as SGX Nifty is trading down by 22 points.

As Nifty marched towards previous high of 10490, profit bookings at higher levels expected.

🎯 News & Impact 🎯

🎯 Tata Steel :
To expand Kalinganagar capacity by 5m tons per annum to 8 MTPA. Total project cost will be Rs. 23500 Cr. Rs.12800 will be raised through Rights issue.

🎯 Coal India :
Coal India to introduce evacuations facility charges at 50/ tonne for dispatch of coal.
Positive for the stock.

🎯 Bharat Financial & IndusInd Bank :
Competition Commission of India approves the proposed amalgamation of Bharat Financial Inclusion with IndusInd Bank.

🎯 Jaypee Infra :
State Bank of India has invoked the pledge of 10 Crore Equity Shares.

🎯 HDFC: The HDFC board approved a proposal to raise Rs.13,000 crore by selling 5 per cent equity shares to institutional investors to expand health insurance sector.

🎯 Religare :
Edelweiss Financial Services is in advanced talks to buy the retail broking arm of Religare Enterprises.
Positive for the stock.

🎯 YesBank :
Yes Bank jointly invested $400 million with European Investment Bank (EIB) in new solar and wind projects in the country. 

Edited by Sharp.
© Sharp Investment & Financial Advisers

18 Dec, Morning Brief

Gap down opening expected as SGX Nifty is trading up by 86 points.
Market may remain highly volatile till the final count of Gujarat state assembly elections won't come out.

🎯 News & Impact 🎯

New Listing :
Future Supply Chain.

🎯 YesBank & IndusInd Bank replaced Cipla & Lupin into Sensex from today.

🎯 ICICI Securities files for IPO; plans public offer of up to 6.4 crore equity shares.

🎯 Cement Sector :
Govt raises import tax on petcoke to 10% from 2.5% after ending exemptions.
Negative for the sector.

🎯 Indiabulls Real Estate :
Company announces Mandarin Oriental Hotel Group as its hotel partner for their residential development, Hanover Bond.

🎯 JMC Projects :
Company secures new orders worth Rs.790 crore.

🎯 Shalimar Paints :
Company announces rights issue at Rs. 140/share; Ratio 6:32.

🎯 Orchid Pharma : 
Auropharma DRReddy lead race to buy orchid pharma.

🎯 TTML :
Company plans to pare cost and shut down loss making wireless telephony business to repay debt early.

🎯 IIFL :
Company plans to raise cash from offshore investors, will also invest in affordable housing projects.

🎯 Parsvnath Developers :
Company to invest Rs.100 cr to develop a mall in national capital.

🎯 Kesoram Industries :
Company to raise Rs.350 crore via issue of convertible warrants on preferential basis to promoter.

🎯 Dish TV :
Company receives approval from government for merger of Videocon D2H with company.

🎯 Raymond :
Raymond launched its first ever Rs.250 crore linen manufacturing plant at Amravati.

🎯 Eveready Industries :
Company received orders worth Rs.23.85 crore for supply of ceiling fans and smart LED street lighting luminaires from Energy Efficiency Services (EESL) and Kolkata Municipal Corporation

🎯 Jaiprakash Associates :
Company plans to sell off its five hospitality assets under the Jaypee Hotels and Resorts brand at an estimated asking rate of Rs.2,500 crore.

Edited by Sharp.
© Sharp Investment & Financial Advisers

15 Dec, Morning Brief

Market may open with a gap up as a cheer from exit pole results outcome the BJP will easily form the Govt.

🎯 News & Impact 🎯

Listing Today :
Shalby

🎯 Cadila Healthcare :
Company receives US FDA nod for Metronidazole (250-500 mg) tablets (used to treat pelvic inflammatory disease, endocarditis).
Positive for the stock.

🎯 Dr Reddy :
Company gets US FDA nod for Valganciclovir Hydrochloride tablets (an antiviral used to treat cytomegalovirus infection)
Positive for the stock.

🎯 Astrazeneca :
FDC of Dapagliflozin + Metformin hydrochloride film coated tablets expected to be launched in India in Q4 FY18.
Launch subject to receipt of import license from Drugs Controller General Of India.
Positive for the stock.

🎯 L&T :
Larsen & Toubro (L&T) said it has commissioned a 225 MW power plant in Bangladesh.

🎯 Union Bank / PNB :
12.93 crore shares allotment at Rs.154 per share under QIP aggregating to Rs. 2,000 Crore.

🎯 PNB :
Raised  Rs.5,000 crores through QIP.

🎯 Natco Pharma :
The pharma company has raised Rs 915 crore through issue of securities to qualified institutional investors, according to a regulatory filing. 

🎯 Gulf Oil :
Company starts commercial production at Chennai plant

🎯 Unitech :
HDFC sells 12.9 million shares, invokes 82 million pledged shares of Unitech.
Negative for the stock.

🎯 M&M :
M&M to hike prices by up to 3 % from January 2018.
Positive for the stock.

🎯 PNB :
PNB closes QIP issue; sets issue price at Rs.168 per share.

🎯 Godrej Industries :
Godrej Industries approves merger of Vora Soaps with Company.

Edited by Sharp.
© Sharp Investment & Financial Advisers

14th Dec, Morning Brief

Market will open up with a gap as SGX Nifty is trading up by 39 points.
10100 & 10320 are the key levels to watch for good move once breached.

🎯 News & Impact 🎯

The 7-2 vote for the rate move, the Fed’s third this year, raises the benchmark lending rate by a quarter percentage point to a target range of 1.25% to 1.5%

Results Updates :
🎯 Prataap Snacks : 
Prataap Snacks reported 223 % year-on-year rise in profit after tax figures at Rs.22.60 crore. 
Positive for the stock.

🎯 Maruti :
Maruti Suzuki to raise vehicle prices by 2 % from January.
Positive for the stock.

🎯 Manpasand Beverages :
RBI increases Manpasand Beverages' FII limit to 49 % from 24 % and allows further FII buying.
Positive for the stock.

🎯 Abott, Novartis :
Competition Commission of India has initiated an investigation against drug makers Abbott, Novartis, Emcure Pharma and USV over alleged price-fixing of the blockbuster anti-diabetic drug Vildagliptin.
Cautious over the stocks.

🎯 MEP Infra :
MEP has achieved the Milestone One for the project of Four Laning of Mahuva to Kagavadar of NH-8E from km. 100.100 to km 139.915.

🎯 Jaypee Infra :
SBI CAP invokes pledged shares of Jaypee Infra.

🎯 PVR Cinemas :
PVR entered into a strategic deal with a South Korean cinema technology company to increase the count of its 4DX screens.

🎯 IndiGO :
Interglobe Aviation offer for sale to non-retail investors gets subscribed 1.12 times.

🎯 IndusInd Bank :
RBI imposes penalty of Rs.3 crore on IndusInd Bank for non-compliance with IRAC norms.

🎯 Corporation Bank :
RBI imposes restrictions on Corporation Bank as its bad loans crosses 10%

🎯 Tata Communications :
The board of Tata Communications approved demerger of around 773 acres of surplus land to a separate company and listing it subsequently in the ratio of 1:1.

🎯 Ruchi Soya :
Company says Co Declared A Willful Defaulter By IDBI Bank (Ruchi Soya Part Of 28 Cos On RBIs Second Defaulters List).

Edited by Sharp.
© Sharp Investment & Financial Advisers

8 Dec, Morning Brief

Market continued yesterday's pullback. Nifty trading up nearly 56 points.

🎯 News & Impact 🎯

🎯 Jet Airways :
Net profit at Rs.49.6 crore versus Rs 549 crore (YoY).
Revenue at Rs 5,626.6 crore versus Rs 5,453.2 crore (YoY).
Negative for the stock.

🎯 Cipla :
Cipla gets US FDA nod for Olopatadine eye drops.
Positive for the stock.

🎯 GAIL :
Gail awards laying contract for 520km pipeline from Dobhi (Bihar) to Durgapur (West Bengal).
Positive for the stock.

🎯 SAIL :
Company has finalized terms for a Rs. 6,000 crore plant with Arcelor Mittal to cater to the automobile sector.
Positive for the stock.

🎯 ONGC, Oil India :
Gas from North East Fields may fetch higher prices.
Positive for the stocks.

🎯 Biocon :
Board approves transfer of biosimilars business via slump sale to Biocon Biologics.

🎯 Lupin :
Lupin initiates recalls of anti-depression drug Duloxetine Delayed-release capsules manufactured at Goa facility.

🎯 Cadila Healthcare :
Initiates recall of anti-depression drug Paroxetine tablets due to presence of foreign tablets/capsules in bottles.

🎯 Reliance Naval :
The Bombay HC has scuttled a last ditch attempt by the Anil Ambani company Reliance Naval and Engineering to prevent proceedings in the bankruptcy court, dismissing a petition by the company challenging the invocation of a corporate guarantee by IFCI.
Negative for the stock.

🎯 TVS Motor :
Company buys 15 % stake in electric two wheeler firm Ultraviolette.

🎯 SpiceJet :
Ajay Singh pledges more shares amid Maran dispute, pledged shares rose to 24.37 percent in September 2017 versus 20.19 percent in June 2017.

🎯 Parsvanath Developers :
Company settles a case with SEBI w.r.t. alleged violation of capital market norms

🎯 Emami :
Company to acquire 30 % stake in Helios Lifestyle which owns the online premium male grooming brand The Man Company by December 2018.

🎯 Sonata Software :
Company arm to acquire 15 % stake in Danish company for USD 96,000.

Edited by Sharp.
© Sharp Investment & Financial Advisers

7 Dec, Morning Brief

Flat opening expected as SGX Nifty trading just 1 point up.

The Nifty opened at 10,088 and rose to an intraday high of 10,104 but finally closed 74 points lower at 10,044. Nifty breached its crucial 100-days moving average.

🎯 News & Impact 🎯

🎯 Circuit Filter revised
5-20% - HFCL, Bombay Dyeing, Soril Infra, 63 moons.

10-20% - Hind Copper, Purvankara, Kitex, MMTC, 8K Miles, Shalimar Paints, GNFC, GM breweries,

5-10% - Adani Transmission , Deccan Gold, Graphite India, OK play, Ansal properties, Liberty Shoes.

🎯 Just Dial :
Sequoia Capital has exited its investment in Just Dial, sold 1.9% Stake shares.

🎯 IDBI Bank :
Board approved to sale 7% Stake in NSDL.

🎯 Hatsun Agro :
Company to raise funds via Rights basis aggregating up to Rs. 900 crores

🎯 Wiezman Forex :
Girik wealth advisors bought 70,000 I.e 0.6% Shares at Rs 1399/share.

🎯 DLF :
DLF sold flats worth Rs.300cr in Gurgaon last month.

🎯 Bhushan Steel, Essar Steel, Electro Steel, Monnet Ispat - Top 5 steel firms need to pay Rs 29,000cr to bid.

🎯 Claris Lifesciences :
Company board finds delisting option best for shareholders.

🎯 Quess Corp :
Company receives NCLT Bengaluru’s approval to acquire facility management and catering business of Manipal Integrated services.

🎯 Bank Of Maharashtra :
Bank Sets 1-year MCLR At 8.65% w.e.f. Dec 7.

🎯 Wipro :
Wipro will open a 13,000-square foot office in London.

Edited by Sharp.
© Sharp Investment & Financial Advisers

6 Dec, Morning Brief

Negative opening expected as SGX Nifty is trading down by 42 points.

All eyes on RBI credit policy outcome today. Expected move is to keep interest rates unchanged.

IPO Watch :
Future Supply Chain Solutions IPO opens today.

🎯 News & Impact 🎯

🎯 Reliance Power :
Asian Development Bank (ADB) has approved debt financing and partial risk guarantees totalling $583 million, or about Rs 3,754 crore, for Reliance Power's liquefied natural gas terminal and a 750MW LNG power plant being set up in Bangladesh.
Positive for the stock. 👍

🎯 Sun Pharma :
Gets Tentative US FDA Nod For Tadalfil Tablets (2.5-20 mg) (Used To Treat Erectile Dysfunction, Arterial Hypertension).
Positive for the stock.

🎯 Aurobindo Pharma :
Gets Tentative US FDA Nod For Ranolazine Tablets (Used To Treat Angina).
Positive for the stock.

🎯 Shilpa Medicare :
Company received 10 observations from U.S. FDA for its Telangana plant.
Cautious over the stock.

🎯 Rcom :
Fitch withdraws Reliance Communications’ Rating For Commercial Reasons.
Negative for the stock.

🎯 Tata Communication​ :
Fleet Management Provider DRVR Selects Co As Its IoT Connectivity Partner.

🎯 Escorts :
India-Ra upgrades the Long term rating to A+ and Short term rating to A1+ with 'POSITIVE' outlook.

🎯 Amtek Auto :
Amtek Auto avails interim finance of 100cr from ECL Finance, subsidiary o f Edelweiss.

🎯 VRL Logistics :
HSBC has retained ‘buy’ rating on VRL Logistics.

🎯 Bharti Airtel :
CLSA has reiterated ‘buy’ rating on Bharti Airtel.

🎯 Balaji Amines :
Ind-Ra upgrades rating to A+ from A.
Positive for the stock.

🎯 Lanco Infratech :
Lanco looks to sell four renewable energy assets.

🎯 Dalmia Bharat :
Company joins hands with Piramal Bain fund to bid for Binani.

🎯 Bharat Financial :
RBI Removes Bharat Financial Inclusion From FII Purchase Caution List.

🎯 L&T Finance :
To Raise Rs.500 Cr Via NCDs.

Edited by Sharp.
© Sharp Investment & Financial Advisers

5 Dec, Morning Brief

Market may open on a negative side as SGX Nifty is trading down by 29 points.

Yesterday market failed to keep the momentum and closed near the opening point.
The Dow Jones hit the record high but Nasdaq slipped by 72 points.

IPO :
IPO of Ahmedabad-based multi-specialty hospital chain Shalby opens today.

🎯 News & Impact 🎯

Fitch Cut India GDP Forecast For FY18 To 6.7% From 6.9% Earlier.
FY19 Forecast Cut To 7.3% From 7.4% Earlier.

🎯 Eros :
NYSE-listed Eros International, the holding company of Indian film studio Eros International Media, has entered into definitive agreement to raise $100 million from an institutional investor. The move will help the company repay $53 million outstanding under its revolving credit facility.
Positive for the stock. 👍

🎯 Just Dial :
HDFC MF buys 1.3% Stake.
Positive for the stock. 👍

🎯 Aurobindo Pharma :
Company gets USFDA approved for generic of Seroquel XR tablet.
Positive for the stock. 👍

🎯 Bharti Airtel :
Company has acquired a stake in Juggernaut Book.

🎯 ONGC :
Corporation’s partners in six pre-NELP blocks will have to share royalty, cess and other government charges with the state firm in proportion to their stakes.

🎯 Bank of Maharashtra :
Bank of Maharashtra's QIP opened on December 4 with a floor price of Rs.26.8.

🎯 REC :
Company may raise USD 600mn via dollar bonds.

🎯 Nestle India :
Nestle India on Monday declared an interim dividend of Rs 33 per share for 2017.

🎯 Rcom :
Fortuna Public relations becomes the 5th co to file insolvency plea against RCom.

🎯 Kirloskar Oil Engines :
Kirloskar group is in talks to sell controlling stake in co.

Edited by Sharp.
© Sharp Investment & Financial Advisers

4 Dec, Morning Brief

Market likely to open on a positive note as SGX Nifty is trading up by 28 points. 10230 would be a hurdle now to cross.

The RBI will announce the policy review on December 6 after two days of MPC meeting beginning December 5.

🎯 News & Impact 🎯

🎯 November Auto Sales
Tata Motors
Total Exports (RD)12.4% At 4,927 Units Vs 5,626 Units (YoY).
Tata Motors Total Domestic PV Sales (GU)35% At 17,157 Units Vs 12,736 Units (YoY)
Tata Motors Total Domestic CV Sales (GU)71.9% At 35,307 Units Vs 20,538 Units (YoY).
Positive for the stock. 👍

Heromotoco :
Hero MotoCorp Total Sales At 6.05 Lakh Units, (GU)26% (YoY).
Total Motorcycle Sales At 5.25 Lk Units & Scooter Sales At 80,046 Units.
Positive for the stock. 👍

🎯 Biocon :
USFDA approves Mylan and Biocon's Ogivri™ the First Biosimilar for Trastuzumab, for the Treatment of HER2 for breast and Gastric cancer treatment.
Positive for the stock. 👍

🎯 DLF :
Promoters to infuse Rs 11250cr.

🎯 Escorts :
Credit Suisse has initiated coverage on Escorts with an outperform rating.
Positive for the stock. 👍

🎯 MT Educare :
Zee learning to buy a controlling stake in the company.
Positive for the stock. 👍

🎯 Dr Reddy's Lab :
Received Zero Observations From US FDA For Miyapur Unit In Sep.
Positive for the stock. 👍

🎯 JSW :
From Cogencis | Fitch Says Could Downgrade JSWL Steel's Rating In 2018 Due To High Leverage.
Negative for the stock.

🎯 Transformers and Rectifiers :
Company receives Rs.127cr order from Power Grid to supply 15 transformers; Current order book at Rs. 937cr.

🎯 Alphageo :
Company received award of contract from ONGC Ltd, Vadodara (Guj) for an estimated contract value of Rs.154.77 crore.

🎯 Mirc Electronics :
Company issues 1.9cr shares to non promoters at Rs. 37/share.

🎯 JSW Energy :
Company has successfully secured PPAs aggregating to 208MW. 

🎯 Wipro :
National Grid US Filed Lawsuit Against Co In US Court.

🎯 Dena Bank :
Cuts MCLR Rate By 5-15 Bps In Some Tenors.

🎯 Central Bank Of India :
Cuts MCLR Rate By 5-20 Bps In Most Tenors.

🎯 Artson Engineering :
The company has received a Letter of Intent from Tata Projects for supply of fabricated structures 10,000 mt worth Rs 62 crore. 

🎯 Piramal Enterprises :
Piramal Finance, the financial services unit of Piramal Enterprises, is accelerating lending to construction companies.

🎯 Mining Sector :
After The US, India Will Be Also Be Under Pressure To Cut Corporate.
Positive for the sector. 👍

Edited by Sharp.
© Sharp Investment & Financial Advisers

30 Nov, Morning Brief

Market likely to open gap-down as SGX Nifty is trading 50 points down.

As mentioned into yesterday's blog, Nifty failed to sustain over 10400 and result is in front of us.

Today's derivative contract expiry and Q2 GDP data may keep the session volatile. Forthcoming RBI's move will drive the trend for the market.

🎯 News & Impact 🎯

🎯 Insurance Companies :
IRDA Board Suggests 5-yr Lock-in For PE Invst Of Over 10% In Insurance Companies.
IRDA Subjects PE Invst Of Over 10% In Ins Cos Via SPV Route.
Positive for the sector (SBI Life, HDFC Standard Life, ICICI Prudential Life, ICICI Lombard).

🎯 SBI :
Hikes Int Rates By 100 Bps On Bulk Deposits B/W `1 Cr & `10 Cr Fm Nov 30.

🎯 ICICI Lombard :
ICICI Lombard and National Insurance Company Limited may take a combined hit of Rs 300 crore from the fire that gutted the manufacturing unit of Haldiram.
Negative for the stock.

🎯 Infosys :
Buyback opens today.

🎯 Aurobindo Pharma :
Gets Tentative US FDA Nod For Tadalfil Tablets.

🎯 Dr Reddy's Laboratories :
Dr Reddy’s Laboratories said it has been served a securities class action lawsuit in the US for alleged violations of federal securities laws. 

🎯 M&M Financial ;
Issue 2.5cr shares to M&M at Rs.422 aggregating to an amount of 1055cr.

🎯 Indiabulls Housing Finance :
Crisil has upgraded long-term rating to the highest rating of '[CRISIL] AAA/ Stable', from AA+/Positive.
Positive for the stock.

🎯 Usha Martin :
India Rating and Research has downgraded the Company Long-term Issuer Rating from existing 'IND BBB-' to 'IND BB+.
Negative for the stock.

🎯 Lupin :
Lupin recalls cholesterol drug in USA.

🎯 Allahabad Bank :
Cuts 1-Year MCLR From 8.30% To 8.25%

🎯 Lakshmi Vilas Bank :
Sets 1-Year MCLR At 9.20% With Effect From Dec 1.

🎯 Uttam Galva Steels :
Billionaire Lakshmi Mittal’s company ArcelorMittal said its 29% equity stake in Uttam Galva Steels will not impede them from participating in bidding for stressed steel assets in India.

🎯

Edited by Sharp.
© Sharp Investment & Financial Advisers

29 Nov, Morning Brief

A positive opening is expected as SGX Nifty is trading up by 23 points.

Yesterday we saw a slippery movement as it didn't sustain above 10400 mark.
Today also it would be the major hurdle to cross for upside move.

🎯 News & Impact 🎯

🎯 NTPC :
Looking At Charging Station Biz As Well As Power Supply Biz For EVs, said CMD.

🎯 Genus Power :
Company Bags Smart Meter Order Worth Rs. 453 Cr From EESL.
Positive for the stock.

🎯 Larsen &Toubro :
The 150 % increase in fares by Larsen & Toubro’s Hyderabad Metro project will reduce start-up losses.
Positive for the stock.

🎯 Technofab Engineering :
Company bags order worth Rs.281 crore funded by Asian Development Bank.

🎯 Jet Airways :
KLM to expand code sharing partnership in India.

🎯 Wipro :
Wipro to buyback up to 34.37 crore shares at Rs. 320 per share.

🎯 SpiceJet :
Spicejet forays into real estates business, incorporated Canvin Real Estate Private Limited.

🎯 Balaji Telefilms :
Officials to meet RARE Enterprises today.

🎯 South Indian Bank : 
South Indian Bank has raised Tier 2 capital aggregating Rs.490 crore by allotting 49,000 non-convertible, redeemable, unsecured, Basel III compliant bonds at 9.50 % per annum interest payable half yearly for a period of 126 months.

Edited by Sharp.
© Sharp Investment & Financial Advisers

28 Nov, Morning Brief

Negative operation expected as SGX Nifty is trading 19 points down.

🎯 News & Impact 🎯

🎯 Glenmark :
US FDA issues 7 observations to Glenmark pharma’s Baddi unit.

🎯 Wockpharma :
Wockhardt arm, Wockhardt AG gets US FDA nod for Oxacillin sodium injectable.

🎯 Inditrade Capital :
Company decided to enter into a non-binding letter of intent for acquisition of majority shareholding in Varam Capital Private Limited, an NBFC-MFI.

🎯 L&T : 
L&T may sell assets by March to fund acquisition spree.

🎯 HDIL :
Company seeks shareholders nod to issue two crore warrants to promoter

🎯 Real estate stocks :
IT Department to tax unsold flats lying with developers for more than 1 year.
Negative for the sector.

🎯 IDBI Bank :
Board granted in-principle nod to divest 74 lakh or 1.5 % shares of NSE held by company.

🎯 Nalco :
Nalco says government cuts stake in company by 5.16 % to 60.2 %.

🎯 Rcom :
To sell non-core DTH business BIG TV to Pantel Tech & Veecon Media.

🎯 PNB Housing Finance :
To sell up to 1 crore shares representing 6 % of total paid up equity share capital.

🎯 Auropharma :
Unit 10 completes USFDA inspection last week with nil observations.
Positive for the stock.

🎯 UFO Moviez :
SBI MF sells 2 lakh shares (2.5 percent stake) at Rs 458.05 per share

🎯 Rallis India :
Franklin Templeton MF buys 17,81,405 shares at Rs 230 per share

🎯 Subex :
UNO Metals sells 28,80,000 shares at Rs 8.28 per share

🎯 Websol Energy :
India Max Investment Fund sells 1,75,433 shares at Rs. 113.71 per share.

🎯 Tata Power :
Tata Power Solar Systems, a wholly owned subsidiary of the company has commissioned India's first rooftop solar carport at the 70000 sq. mtr. Unity One Mall, a Unity Group project in Rohini, Delhi.

🎯 Future Enterprises :
Future Enterprises announced that the IPO of its subsidiary Future Supply Chain Solutions has received approval of Registrar of Companies.

🎯 Patel Engineering :
The company has successfully completed the assignment of transfer of actionable claims and asset with corresponding debts valuing Rs 2,000 crore from its books to its wholly owned subsidiary - Hitodi Infrastructure.

🎯 Bharati Defence :
NCLT has granted 90-day one-time extension for corporate insolvency resolution process.

🎯 Telecom stocks: The Telecom Regulatory Authority of India (Trai) will issue recommendations on net neutrality today.

Edited by Sharp.
© Sharp Investment & Financial Advisers

27 Nov, Morning Brief

Negative opening expected as SGX Nifty is trading 39 points down. Failing to cross 10400 level on closing basis, will lead index to more pessimism.

🎯 News & Impact 🎯

🎯 Sun Pharma :
Initiates Voluntary National Recall Of Diabetes Drug Riomet (Oral Solution).
The Recall Is Being Conducted With The Knowledge Of The US FDA.
Cautious for the stock.

🎯 ONGC :
ONGC has sought more than doubling of natural gas prices to help bring significant discoveries in KG basin and Gulf of Kutch to production. 
Positive for the stock.

🎯 Satin Credit Care :
is in the process of raising Rs.205 crore from private sector lender IndusInd bank and from existing overseas shareholders.

🎯 Dredging Corp:
Non-Exec Employees Union Given Notice Of Indefinite Strike On Or After Dec 6 Against Govt Decision To Privatise/ Sell Stake Of Co.
Cautious over the stock.

🎯 Siemens :
The company reported a sharp 74.9 % decline in standalone net profit at Rs. 623.8 crore.

🎯  Autoline Industries :
Autoline Industries announced that its subsidiary - Autoline Industrial Parks has received environmental clearance for the proposed special township project on 104 acre land parcel located at Mahalunge, Chakan, Pune. 

🎯 M&M :
Automaker Mahindra & Mahindra has entered into a partnership with Uber India to deploy electric vehicles on the US cab aggregator’s platform.

🎯 Quess Corp :
Company has signed definitive agreements to acquire 51% equity in Trimax Smart Infraprojects Private Limited.

🎯 Cupid :
Company wins order From United Nation population fund to supply female condoms worth 1.3 cr.

🎯 GPT Infraprojects :
Jogbani Highway Private a subsidiary has been awarded a claim of approximately Rs.62 Crores by the 3 member Arbitral Tribunal unanimously.

🎯 Suzlon :
Renewable energy ministry cautioned anti dumping duty authorities against high duties on imported solar equipments.

🎯 Bharati defence :
Mahindra, Shapoorji may bid for bharati defence.

🎯 Jindal stainless, Welspun:
Both the companies to set up Industrial parks in उड़ीसा along with Gitanjali infratech.

🎯 NTPC :
NTPC scouts for coal based power plant built with local equipment.

🎯 Info Edge :
Jefferies has downgraded Info Edge.

🎯 Motherson Sumi : 
UBS has maintained its buy rating.

Edited by Sharp.
© Sharp Investment & Financial Advisers

24 Nov, Morning Brief

Flat opening expected as SGX Nifty is trading down by 5 points.

Nifty has been consolidating between 10,300 to 10,370 from last 3 sessions. It requires a decisive hold above 10350 to extend its move towards 10,400 - 10420, now considering support at 10,300 and  10,230.
Max Put OI shifted to 10300 and Call OI stood at 10500.

🎯 News & Impact 🎯

🎯 EPFO’s CBT approves investment of up to 2% in AA+ rated corporate bonds.

🎯 Swaraj Engineers :
Company to consider buyback on November 28

🎯 Skipper :
Company to enter into a JV for drip irrigation business with MetzerPlas Cooperative Agriculture Organization of Israel.

🎯 CG Power :
Company bags Rs.111 crore order from Indian Railways.

🎯 Cox & Kings :
Meininger Hotels signing agreement for opening of a new hotel at Dresden in Germany.

🎯 Aditya Birla Money :
SEBI imposes Rs10 lakh fine on Ab Money.

🎯 Idea :
Idea cellular to double 4G capacity in state, Goa.

🎯 Videocon :
Company resolves with banks to stay out of NCLT.

🎯 Biocon :
Biocon unveils new biosimilar bevacizumab.

🎯 Sunteck Realty :
Company to invest Rs.1500 crore in commercial leasing portfolio.

Edited by Sharp.
© Sharp Investment & Financial Advisers

23 Nov, Morning Brief

Flat to positive opening expected as SGX Nifty is trading up by 12 points.

Another doji type hammer candle made on the daily chart yesterday for Nifty50 shows bulls are not able to hold the strength above 10360-10370 zone which proves a resistance facing for the index. If it pierces and closes above the zone, short covering took place to raise the index further. 10200 & 10500 are the strike prices where highest OIs have taken place for put & call respectively.

🎯 News & Impact 🎯

🎯 Quess Corp :
Company has obtained board approval to raise over Rs 600 crore by divesting a 5.42 per cent stake in its subsidiary Quess Corp Limited.

🎯 Arrow Greentech :
The company has received patent rights from US patent authorities for its method of manufacturing embedded water soluble firm carrier.

🎯 MBL Infra :
MBL Infrastructure could emerge as India’s first roadbuilder to achieve a successful insolvency resolution on about Rs.1,700 crore of outstanding loans.

🎯 MMTC :
State-run MMTC will import 2,000 tonnes of onion.

🎯 JPAssociates :
Supreme Court directed its 13 directors not to alienate their personal properties and asked the company to pay up ₹275 crore by December end.

🎯 Adlabs Entertainment :
Radhakishan Damani, founder of supermarket chain D-Mart, has completed the acquisition of Novotel Imagica, Khopoli from Adlabs Entertainment.

🎯 TTML :
Tata Teleservices mobile customers to start transitioning to the Airtel network.

🎯 Bank Of India :
Gets SEBI Nod To Raise Rs.3000 Cr Via QIP.

Lasa starts pilot production trial runs at unit IV plant.

🎯 Karur Vysya Bank :
Karur Vysya Bank allots 11.7 crore shares via rights issue.

🎯 Arrow Greentech :
Company receives patent for manufacturing water soluble film carrier.

🎯 PowerGrid :
Powergrid corporation eyes projects worth 1.6lakhcr in electricity drive.

Edited by Sharp.
© Sharp Investment & Financial Advisers

22nd Nov, Morning Brief

Market will open on a positive note as SGX Nifty is trading up by 24 points.

After yesterday's dragon fly doji candle made on daily chart, it confirms that Nifty is facing resistance to close above 10350-10360 zone to proclaim to make new high in this move.

🎯 News & Impact 🎯

🎯 NCC :
BGR Infra and NCC win contract relating to Min development and operation of Talaipalli Coal block.

🎯 Ajanta Pharma :
Ajanta Pharma received the final approval for Clonidine Hydrochloride Extended Release Tablets from US FDA.
Positive for the stock.

🎯 Satin Creditcare :
BM on 24th November To consider and approve issuance of securities on private placement basis, to persons belonging to Promoter and Non Promoter category.

🎯 Adani Enterprises :
The company is close to securing a deal with Chinese enterprises and export credit agencies to fund both the mine and the rail link. Sources.

🎯 New India Assurance :
Movie Padmavati has been insured by NIA under production and distribution for Rs. 300 crore but company said that there has been no risk due to delays in the release of movie.

🎯 Reliance Capital :
Reliance Capital raises Rs.2500cr from banks, financial institutions.

🎯 TeamLease Services :
T Rowe Price picks up 5% in TeamLease Services.
Positive for the stock.

🎯 SAIL : 
Union Steel Minister Birender Singh said the SAIL and ArcelorMittal will sign an MoU for forming a joint venture to set up a 1.5 million tonne per annum auto-grade steel plant, in the next few days. 
Positive for the stock.

🎯 Mahindra & Mahindra :
Ford Motor and its Indian partner Mahindra & Mahindra could create their own electric car line in the country to help battle pollution from the vehicles clogging India’s roads
Positive for the stock.

🎯 Canara Bank :
The bank has decided to go for monetisation of non-core assets by selling its shares in part or full in Canara Robeco Asset Management Co, Canbank Computer Services and Can Fin Homes. 

🎯 Lakshmi Vilas Bank :
Lakshmi Vilas Bank to consider rights issue on Friday.

🎯 Dredging Corporation :
Dredging corporation of India employees go on strike to protest the strategic sale of Government equity.

🎯 Bank Of Baroda :
Bank Of Baroda Approves Proposal To Raise Equity Capital Worth Rs.6,000 Cr Via Rights Issue Or QIP.

🎯 Telecom Sector :
The telecom regulator has proposed relaxing spectrum holding limits.
Positive for the sector.

🎯 Leather Sector :
Cabinet May Consider Package For Leather Sector today.
Positive for the sector.

Edited by Sharp.
© Sharp Investment & Financial Advisers

21st Nov, Morning Brief

Positive opening expected as SGX Nifty is trading up by 33 points.
Nifty should sustain above yesterday's high to confirm the strength.

🎯 News & Impact 🎯

🎯 Cadila Healthcare :
Zydus Gets US FDA Nod For Ethacrynate Sodium injection.
Positive for the stock.

🎯 Infibeam :
Seen in talks to sell minority stake to Fairfax Fin Holdings.

🎯 MIRC :
Onida open to sale at a good valuation, keen to take slot vacated by Videocon.

🎯 SBI :
Aims to raise 2.5k cr via General Insurance Arm listing.

🎯 Donear Group :
Acquires OCM Woolen Mills

🎯 Rcom :
Lenders clear RComs Delhi, Chennai Asset sale for 801 Cr.

🎯 Marico :
Company Enters Soup Segment.

🎯 Madhucon Projects :
World bank temporarily suspends Madhucon Projects from particiapiting in projects.

🎯 Quess Corp :
Company considered and approved the acquisition of 51% equity stake in Tata Business Support Services Limited.

🎯 ARSS Infra :
Company wins order worth 87cr for work of roadbed, major & minor bridges, track linking, S&T service buildings, other civil works.

🎯 NBCC :
Company awards contract to simplex Infra worth 542 Cr.

🎯 South Bank :
Bank to issue Basel III tier II bonds for an amount not exceeding 500 Cr.

🎯 Godrej Properties :
Board Approves Scheme Of Amalgamation Between Co & Godrej Real Estate.

Edited by Sharp.
© Sharp Investment & Financial Advisers

20th Nov, Morning Brief

Market may open with a flat note as SGX Nifty is trading down by 8 points.

Asian shares started the week on the back foot on Monday, pressured by a retreat on Wall Street amid tax reform uncertainty while the euro skidded after German coalition talks hit an impasse.

Despite a strong up move, Nifty50 closed off the high with a red candle as it failed to build on to the gains after the gap up opening. So, today's move will be crucial whether bulls keep their momentum or bears will become aggressive on profit booking.

🎯 News & Impact 🎯

🎯 Logistics Sector :
Logistics Sector To Get Infrastructure Status.
Fin Min Has Given The Nod To Give The Logistics Sector Infrastructure Status.
Transportation, Warehouse, Logistics Parks Segments Included In Logistics Sector.
Positive for the sector.

🎯 Biocon :
Gets Establishment Inspection Report For May 25-June 3 Inspection By US FDA.

🎯 AstraZeneca :
Astrazeneca Arm, AstraZeneca AB Gets US FDA Nod For Monoclonal Antobody, Benralizumab Injectable.
Positive for the stock.

🎯 Teva Gets US FDA Nod For Darunavir Tablets

🎯 L&T :
L&T Construction to build Mumbai Trans Harbour Link Order valued at Rs.8,650 Crore.

🎯 Strides Shasun :
Eris Lifesciences will buy Strides Shasun India's brands for Rs 500 crore. 

🎯 Divis Labs :
Divis Lab received an Establishment Inspection Report (EIR) from US-FDA for our Unit-II, as closure of audit by FDA

🎯 Rcom :
Moody's Investors Service withdraws rating of Reliance Communications and its Senior Secured Notes.
Negative for the stock.

🎯 SMS Pharma :
SMS Pharma completed its Fifth US Food and Drug Administration (US FDA) inspection for its Manufacturing facility - Unit-II, located.

🎯 Vadilal Industries :
Promoters maybe looking to exit Vadilal, looking at a valuation of Rs.600cr.

🎯 White Goods :
Whirlpool, Voltas, Bajaj Electricals in focus - GST rate may be cut down to 18% from 28%.
Positive for the sector.

🎯 Tata Comm, Ttml :
Tata communications which is in talks to buy the enterprise business of Tata Teleservices, has appointed Axis capital as its investment banker for valuations.
Positive for Ttml.

🎯 PVR :
Company is set to invest $4 million to pick up a minority stake in American luxury restaurant-and-theatre company iPic -Gold Class Entertainment.

🎯 Puravankara :
Planning to launch 14 new projects.

🎯 Narayana Hrudayalaya :
Planning about 500 Cr expansion.

Edited by Sharp.
© Sharp Investment & Financial Advisers

17th Nov, Morning Brief

Market will open with a gap-up  as SGX Nifty is trading up 86 points on US markets' gain on strong earnings of Walmart & Cisco and Moody's up gradation of India's sovereign rating to Baa2 from Baa3. Asian markets are also up tracking US market gains.

🎯 News & Impact 🎯

🎯 Listing Today :
HDFC Standard Life.

🎯 Govt May Offer 200 bps Cut In GST Payable For B2C Digital Transaction.

🎯 Coal India :
The company considering raising prices to meet the cost of the 20 per cent wage hike.

🎯 Vedanta :
Odisha Govt. Panel Approves Vedanta's Proposal To Expand Lanjigarh Alumina Refinery.
Positive for the stock.

🎯 PVR :
To acquire mintorty stake in iPic glod class entertainment.

🎯 United Spirits :
United Spirits in arbitration to recover Rs. 1800 crore from United Breweries Holdings.

🎯 HDFC :
IFC, HDFC to set up USD 800 million realty fund.

🎯Reliance :
Reliance to raise USD 1.8 billion to cut reliance on high cost debt

🎯 Sundram Fasteners :
TVS group’s auto-component maker Sundaram Fasteners has begun its electric vehicle (EV) journey with an order from Elon Musk-founded carmaker Tesla to supply key parts in gear transmission and equivalents of radiator caps.

🎯 GTL Infra :
Lenders to GTL Infra have received bids from four players for buying up to 58 % Stake.

🎯 Edelweiss Financial Services :
Company has raised Rs.1,500 crore by selling fresh shares to institutional investors.

🎯 FMCG stocks :
The Union Cabinet has approved setting up of the proposed National Anti-profiteering Authority under goods and services tax (GST) to ensure consumers get the benefit of lower taxes under the new indirect tax regime.

🎯 Housing Finance Sector :
Carpet Area Hike For Int Subvention To Boost Sale Of Already-built Affordable Flats.
Positive for the sector.

Edited by Sharp.
© Sharp Investment & Financial Advisers

14th Nov, Morning Brief

Flat to negative opening expected as SGX Nifty is trading negative with 16 points.
Nifty continued the formation of lower highs - lower lows for 5th session. Needs to negate the same to get a short term reversal.
Nifty has a good support at 10230 and yesterday it has given close just below the level. Sustainability below 10230 will open more downside towards 10120, 9990 & 9840. Similarly, 10330-10350 will be the immediate hurdles for upside journey.

🎯 Major Results Today :
Sunpharma, Bank of Baroda, Eicher Motors, GAIL, Grasim, Cadila Healthcare, Bata India, Indiabulls Real Estate

🎯 News & Impact 🎯

Results Updates :

🎯 NMDC :
Net Profit (GU)9.6% At Rs.844.4 Cr Vs Rs. 770.7 Cr (YoY).
Revenue (GU)39.2% At Rs.2,421 Cr Vs Rs. 1,739.2 Cr (YoY).

🎯 Adani Enterprises :
Loss At Rs.15.1 Cr Vs Profit Rs.36.7 Cr (YoY).
Revenue (GU)19.6% At `9,083 Cr Vs `7,594 Cr (YoY).

🎯 Sun Pharma :
Sunpharma subsidiary Taro gets USFDA nod for Fexofenadine Hydrochloride oral suspension.
Positive for the stock.

🎯 Havells India :
Company signs a pact with South Korea’s Hyundai Electric for supply of low and medium voltage protection, and switching devices.

🎯 IOL :
IOL Chemicals and Pharma to invest Rs. 200 crore for expanding manufacturing capacity.

🎯 Bharti Airtel :
Company plans to raise $400mn by selling 3.5% in tower arm.

🎯 Simplex Infra :
Company bags Rs. 1,080 crore Mumbai metro job.

🎯 Lupin :
Lupin expects the US drug regulator’s action against the company to leave only an “immaterial dent” on its revenue, even though it would affect its plans to launch new drugs. 

🎯 Jet Airways :
Jet Airways is in "serious discussions" about ordering a further 75 Boeing 737 Max aircraft.

Edited by Sharp.
© Sharp Investment & Financial Advisers

13th Nov, Morning Brief

Market may open on a flat note.
Considering 10500 and 10200 is a consolidation band for the Nifty.

🎯 News & Impact 🎯

September IIP At 3.8 percent Vs 4.5 percent (MoM).

🎯 Axis Bank :
Axis bank To Sell 8.23 % Stake (Post Warrant Conv) For `11,626 Cr Via Fresh Eq & Warrants.

🎯 Reliance :
Reliance Jio looking to refinance USD 1.5 billion of overseas debt.

🎯 Rcom :
Differences with lenders may hit RCom’s SDR plan.

🎯 ONGC :
Company expects first oil from KG basin in 2020 and gas by 2019.

🎯 IPCA Labs :
Company wins order for supply of anti-malarial medicines by the Global Fund Pooled Procurement Mechanism.

🎯 HSIL :
HSIL approves plan for demerger of retail and building products business.

🎯 Welspun Enterprises :
Welspun Enterprises signs agreement with NHAI for expansion of a section of NH-31 at a project cost of Rs 1,161 crore.

Edited by Sharp.
© Sharp Investment & Financial Advisers

10 Nov, Morning Brief

A gap down opening expected as SGX Nifty is trading 55 points down because of weakness in US markets yesterday.

Major Results Today :
SBI, M&M, BOI, BPCL, DLF, JISLJAL, Suntv, Oil, NHPC.

🎯 News & Impact 🎯
Results Updates :

🎯 PTC :
Revenue up 30% at Rs. 5289 Cr.
Pat up 15% at Rs.130 crs vs Rs.113 Cr.
Positive for the stock.

🎯 Just Dial :
Google is in talks with Just dial to acquire its business.
Positive for the stock.

🎯 SAIL :
ArcelorMittal to expedite setting up of their proposed joint venture for a RS.5,000-crore auto-grade steel plant. 
Positive for the stock.

🎯 Alok Industries :
Reliance Ind may be looking at buying part of textile maker Alok Industries.
Positive for the stock.

🎯 Zydus :
Faces probe over drug with no approval.
Negative for the stock.

🎯 NTPC :
Alters plans of taking over stressed power plants, offers fee based management services.
Positive for the stock.

🎯 Reliance Home Finance :
To consider raising funds via QIP.

🎯 JK Paper :
To consider allotment of equity shares to FCCB shareholders.

🎯 NTPC :
Company announced that consequent upon successful commissioning, 50 MW (25 X 2 MW) Rojmal Wind Project at Rojmal, Gujarat.
Positive for the stock.

Edited by Sharp.
© Sharp Investment & Financial Advisers

9 Nov, Morning Brief

Market likely to open on a positive note as SGX Nifty is trading up by 24 points.
10200 will be considered as a good support.

Major Results Today :

Aurobindo Pharma, Jindal Steel & Power, Tata Motors, HPCL, SAIL, NHPC, PTC.

🎯 News & Impact 🎯

Results Updates :

🎯 Petronet LNG :
Income at 7770.2 Cr.
EBITDA at 898.7 Cr.
Positive for the stock.

🎯 Voltas :
Revenue up 7% YoY at 1037 Cr.
EBITDA up 24% YoY at 86 Cr.
Margin at 8.2%
PAT at 95 Cr.

🎯 Arvind :
Shareholders of Arvind Ltd will get 1 equity share of Arvind Fashions for every 5 held by them, and 1 equity share of Anup Engineering Limited for every 27 shares held by them. On completion of the demerger process in 8-9 months.

🎯 Reliance Infra :
Likely to bag Rs.1000cr order from NPCI.

🎯 HDFC Bank :
HDFC Bank has reduced its benchmark marginal cost of funds based lending rates (MCLR) by 5 basis points across all tenures.

🎯 Sree Metals :
NCLT okays resolution plan for Sree Metaliks.

🎯 Indian Hotels :
Tata sons raises stake in Indian Hotels by 1.78% to 29.79%.

🎯 Telecom Sector :
TRAI Directs Broadcasters To Restrain From Placing Channels On Landing Pages

Edited by Sharp.
© Sharp Investment & Financial Advisers

8 Nov, Morning Brief

Market may open on a flat note.

Yesterday, Nifty formed a Long Black Day on the daily chart and erased the gains of last four sessions and filled the gap zone between 10,383 and 10,367 which registered on 1st November.
Usually such a gap is expected to offer support on the downside. But a failure to do so may be an indication of strengthening downward momentum for the near term.

Major Results Today :
Ashok Leyland, Bharat Forge, OBC, IRB, Petronet.

Results Updates :

🎯 Jindal Saw :
Revenue down 1% at Rs. 1321cr
EBITDA up 6% at Rs. 218.6cr

🎯 News & Impact 🎯

Thinning Out The 28% Tax Slab On Agenda Of GST Council.

🎯 Mahindra Lifespace Developers :
Company to launch 2 industrial parks and invest close to Rs. 600cr

🎯 RCom :
Reliance Comm says Renegotiating tower business sale with all interested parties, including Brookfield Infrastructure.

🎯 Akzo Nobel :
Company to sell specialty chemicals business to an affiliate for Rs.320cr

🎯 Titagarh Wagons :
Titagarh Wagons plans to develop safety systems for Railways, forms JV with Italian company.

🎯 Idea, Reliance Industries :
50% ceiling on spectrum holdings in a band may go.

🎯 PNB :
Punjab National Bank to close or relocate up to 300 branches

🎯 NMDC :
NMDC mulls bidding for $9bn mine

🎯 DCM Sriram :
DCM Shriram to invest around Rs.500 crore in sugar business to increase overall capacity.

🎯 JSW Energy :
JSW Energy has successfully secured an order from Power Company of Karnataka Ltd (PCKL) for supply of 200 MW power on short term basis for the period from 8th November, 2017 to 31st May, 2018.

🎯 Axis Bank :
Axis Bank To Hold Board Meeting On Nov 10 To Consider Raising Capital.

Edited by Sharp.
© Sharp Investment & Financial Advisers

7th Nov, Morning Brief

Market will open positively as SGX Nifty trading up by 39 points.

An inverted hammer on the daily chart yesterday speaks a lot. Yesterday's top of 10490 can be considered as a resistance for a while and to maintain the upstream, Nifty should sustain above 10490-10510 zone.

Major Results Today :
BHEL, Cipla, Indian Overseas Bank, Indian Bank, Jindal Saw

Results Updates :
🎯 L&T Infotech :
Net Profit Up 4% At Rs. 273 Cr Vs Rs. 267.2 Cr (QoQ).
Revenue (GU)4.8% At Rs. 1,750.8 Cr Vs Rs.1,670 Cr (QoQ).

🎯 News & Impact 🎯

🎯 RECL :
The Indian Railways may rope in state-owned REC to fund its ambitious plan to electrify the entire network by 2021-22.

🎯 Narayana Hrudayalaya :
Signs Pact To Buyback 71.4% Shrhlding In Health City Cayman Islands.

🎯 STC / MMTC :
Cabinet To Take Final Call On Commerce Min Proposal For STC-MMTC Merger.

🎯 HFCL :
HFCL bags Order for Rs.1248 cr from Bharat Sanchar Nigam Limited for Defence Communication Network

🎯 Tata Chemicals :
Company announces sales of its Phosphatic Fertilizers business to IRC Agrochemicals Private ltd for Rs.375cr.

🎯 MLL :
Mercator's QIP opens on 6th November at Rs.44.

🎯 AXISCADES :
Company to acquire Mistral Solutions for Rs.175 Cr.

🎯 RCom :
Reliance Communications enters into binding MOU to sell 100% equity in Non Core DTH business to VeeCom Media.

🎯 PNB :
Punjab National Bank to raise Rs. 5k cr; appoints merchant bankers.

🎯 Wheels India :
Wheels India to close the operations at Pantnagar facility.

🎯 Singer India :
Stock split from FV Rs. 10 to FV Rs. 2.

Edited by Sharp.
© Sharp Investment & Financial Advisers

6th Nov, Morning Brief

Gap down opening expected today as SGX Nifty is trading down by 59 points.

Major Results Today :
Indian Bank, Gujarat Gas, REC, Piramal Enterprises, Just Dial, L&T Infotech, Century Textiles.

🎯 New Listing :
Reliance Nippon

🎯 News & Impact 🎯

🎯 L&T & HCC :
NHAI Bars L&T, Hindustan Construction from Bidding for NHAI & Road Min Projects.
Negative for the stock.

🎯 Reliance :
Moody's revises RIL credit outlook to stable from positive.

🎯 DLF :
CCI approves sale of Compulsorily Convertible Preference Shares (CCPS) of DLF Cyber City Developers (DCCDL) held by Promoter group companies to GIC Singapore.

🎯 ITC :
The cigarette maker said it plans to invest Rs 10,000 crore to set up food processing facilities across the country.

🎯 MLL :
Mercator lines has entered into MOA with M/s. Gemini Marine (No.3) Limited, Nevis to sell its vessel Harsha Prem for total consideration of USD 3.42 Million.

🎯 Torrent Power :
Torrent power acquires Branded Formulation Business of India and Nepal of Unichem Laboratories.

🎯 VRL :
VRL board of directors at their meeting held on November 03, 2017 approved the buy-back of equity shares of the Company.
Positive for the stock.

🎯 Godrej Properties :
Scheme Of Amalgamation b/w Godrej Buildcon, Godrej Projs Dvpt approved by both companies.

🎯 IOC :
Indian Oil Corporation to raise raise Rs. 700cr through bond sale.

🎯 NLC India : 
NLC India to set up solar plants on railway land.

🎯 Himadri Speciality Chemicals :
Company mulls investing Rs.628 cr for brownfield expansion.

🎯 RCom :
Brookefield calls off Reliance Communications deal after Aircel merger falls through.
Negative for the stock.

🎯 Mcdowell-n :
United spirits gets RBI nod to exit Nepal Subsidiary.
Positive for the stock.

🎯 Videocon :
Compton to buy Kenstar brand.

Edited by Sharp.
© Sharp Investment & Financial Advisers

3rd Nov, Morning Brief

Market are likely to open with marginal gains as SGX Nifty trading up by 10 points.
This liquidity driven rally may stretch roughly upto 10600 on shorter period and 10330 will be considered as an immediate support.

🎯 Major Results Today 🎯
PNB, Hindalco, Tata Power, Titan, Union Bank, BSE, PFC

Results Updates :

🎯 Vedanta :
Net Profit (GU)20% At Rs.2,986 Cr Vs Rs. 2,495 Cr (YoY).
Revenue (GU)36% At Rs.21,590 Cr.
Positive for the stock.

🎯 Glenmark :
Net Profit At Rs.214.1 Cr Vs Rs.223.5 Cr (YoY).
Revenue (GU)1.5% At Rs.2,256.6 Cr Vs Rs. 2,224.1 Cr (YoY).
Positive for the stock.

🎯 Powergrid :
Net Profit (GU)14.4% At Rs.2,141 Cr Vs Rs.1,872 Cr (YoY).
Revenue (GU)16% At Rs.7,252.8 Cr Vs Rs. 6,250.9 Cr (YoY).
Positive for the stock.

🎯 VST Tillers :
Overall tractors sales in October increased 14.4 % to 2,577 units.

🎯 AU Small Finance Bank :
Received approval from Reserved RBI to operate as Scheduled Commercial Bank.
Positive for the stock.

🎯 PNB Housing :
PNB Partial stake sale.

🎯 DrReddy :
Launch of generic Azacitidine for Injection in the Canadian Market.

🎯 LUPIN :
Lupin launches generic Acticlate® Tablets in the US.

🎯 Max Life :
Max Life keen to increase its stake in Lakshmi Vilas Bank upto 10%

🎯 Brigade Enterprises :
Company plans to invest 3000cr in Office Realty over three years.

🎯 Adani Enterprises :
In talks with China Machinery Engineering for financing of coal mine project in Australia.

🎯 Piramal :
Piramal Group in race for Binani, Electrosteel Steels.

🎯 SPML Infra :
SMPL Infra implements S4A to recast Rs546cr debt.

🎯 ONGC :
Plans to nearly double natural gas production in four years.

Edited by Sharp.
© Sharp Investment & Financial Advisers

2nd Nov, Morning Brief

Market likely to open on a negative note as SGX Nifty is trading 18 points down.

Major Results Today :
Vedanta, Power Grid, Glenmark Pharmaceuticals, Andhra Bank

🎯 Results Updates 🎯

🎯 Heromotocorp :
PAT (GU)0.6% At Rs.1,010.5 Cr Vs Rs. 1,004.2 Cr (YoY).
Revenue (GU)7.3% At Rs. 8,362 Cr Vs Rs. 7,796.2 Cr (YoY).

🎯 Tech Mahindra :
Net Profit (GU)4.7% At Rs.836 Cr Vs Rs. 798.6 Cr (QoQ).
Rs. Revenue (GU)3.7% At Rs. 7,606 Cr Vs Rs.7,336.1 Cr (QoQ).
Positive for the stock.

🎯 Aurobindo Pharma :
Gets US FDA Nod For Fexofenadine & Pseudoephedrine Hcl Tablets.

October Auto Sales :
🎯 Tata Motors
Total JLR US Sales (RD)4.4% At 8,368 Units Vs 8,751 Units (YoY)
Total Jaguar US Sales (RD)10.2% At 2,891 Units Vs 3,219 Units (YoY)
Total Land Rover US Sales (RD)1% At 5,477 Units Vs 5,532 Units (YoY).

🎯 TVS Motor :
(GU)2.9% At 3.17 Lk Units Vs 3.08 Lakh Units (YoY)

🎯 GOCL received order from Coal India for supply of bulk explosives worth Rs 322 cr

🎯 Solar Industries :
Company bags order worth Rs.1,143 cr from Coal India for supply of bulk explosives.

🎯 Shree Cements :
Shree Cements wins a coal linkage auction for Chhattisgarh captive plant.

🎯 Kolte Patil :
Kolte Patil in talks with PE investors to set up Rs500cr realty platform to fund its future prospects.

🎯 Bharti Airtel :
Bharti Airtel to transfer optical fibre business to Telesonic Networks for an overall consideration of not more than Rs 5,650 crore.

🎯 ICICI Bank :
To Consider Domestic Fund-Raising Via Bonds On Pvt Placement Basis On Nov 6.

🎯 NTPC: A massive explosion ripped a boiler at the state-run power giant NTPC's Unchahar plant in UP Rae Bareli district.

Edited by Sharp.
© Sharp Investment & Financial Advisers

1st Nov, Morning Brief

Market likely to open on a positive note as SGX was trading 38 points up.

Major Results Today:
Tech Mahindra, Hero Motocorp, TVS Motor, Apollo Tyres, Andhra Bank

Results Updates :

🎯 Bharti Airtel :
Cons Net Profit (RD)7% At Rs.343.1 Cr Vs Rs.367.3 Cr (QoQ).
Cons Revenue (RD)1% At Rs.21,777 Cr Vs Rs. 21,958.1 Cr (QoQ).
Negative for the stock.

🎯 IndiGo :
Net Profit At Rs.551.5 Cr Vs Rs.139.8 Cr (YoY).
Revenue Up 27% At `5,291 Cr Vs `4,167 Cr (YoY).
Positive for the stock.

🎯 JSW Steel :
Net Profit Up 29.2% At Rs.836 Cr Vs Rs. 647 Cr (YoY).
Revenue Up 28.1% At Rs.16,638 Cr Vs Rs. 12,987 Cr (YoY).
Positive for the stock.

🎯 Syndicate Bank :
Net Profit Up 27.7% At Rs.105.2 Cr (YoY).
Gross NPA At 9.39% Vs 9.96% (QoQ).

🎯 MRPL :
HPCL is likely to acquire MRPL in a share-swap deal to become India's second-largest oil refiner.
Positive for the stock.

🎯 Schenider Electrical :
is top bidder for L&T’s electrical unit.

🎯 Infoedge :
Zomato explores merger talks with swiggy.

🎯 SBI :
SBI announced a 5-basis-point cut in its benchmark lending rates across maturity .

🎯 M&M Financial :
To allot 1000cr pref shares to promoters.

🎯 Mphasis :
Mphasis eyes 1 bn$ revenue , taps digital opportunities.

🎯 Sharon Bio :
Shriji polymers shows interest in

🎯 Tata Power :
Tata power Renewable Energy Commissions 30 MW Solar Power Plant At Palaswade, Maharashtra.

🎯 RCom :
Rcom & Sistema Shyam Teleservices Complete Merger Transaction.

🎯 Allahabad Bank :
Reduces Lending Rate By 15 bps, one-year MCLR cut to 8.3%.

Edited by Sharp.
© Sharp Investment & Financial Advisers

30th Oct, Morning Brief

Market is likely to open on a positive note, tracking Nifty Futures on the Singapore Stock Exchange (SGX Nifty) and global cues. 
Nifty may target the level of 10570.

Wall Street climbed on Friday as a surge in the tech sector and a rally in Amazon shares helped push the Nasdaq to its best day in nearly a year. The Dow Jones Industrial Average rose 33.33 points.

🎯 Major Results Today :
BEL, Central Bank, EIH, HDFC, IDFC, LIC Housing Finance, Lupin, Tata Steel, Wockhardt, Marico.

🎯 News & Impact 🎯

🎯 Alkem Labs :
U-S FDA had conducted an inspection at the Company's manufacturing facility located at St Louis, USA from 23rd October, 2017 to 27th October, 2017.
No form 483 issued.
Positive for the stock.

🎯 Sun Pharma :
Gets US FDA Nod For Carvedilol Phosphate Capsules (Used To Treat High Blood Pressure & Heart Failure).
Positive for the stock.

🎯 Cadila Healthcare :
Zydus receives final approval from the USFDA for Tamoxifen Citrate Tablets US.
Positive for the stock.

🎯 Clariant :
Global parent abandons merger with Hunstman.

🎯 HDFC :
Looking to list mutual fund unit next year.

🎯 Maruti :
Maruti earmarks Rs.1000cr to buy land parcels this year.
Positive for the stock.

🎯 Tata Teleservices :
Tata sons to invest Rs30,000cr more in Tata Teleservices.
Positive for the stock.

🎯 Sunteck Realty :
Sunteck Realty closes QIP, sets issue price at Rs. 322 a piece.

🎯 Bharti Airtel :
Bharti Telecom to buy up to 4.62 per cent of Bharti AIrtel's stake, say sources. 

🎯 Vedanta :
Vedanta chief Anil Agarwal has lined up a Rs 10,000 crore investment plan for Jharkhand. This includes an iron ore mining project and an integrated steel plant. 

🎯 PNB :
Punjab National Bank had to scrap its Rs 1,500-crore perpetual bond issue last week. “The issue had strong response but was withdrawn due to a technical error at the BSE online platform,“ said a PNB official.

🎯 Ashok Leyland :
Ashok Leyland is looking at investing Rs. 400-500 crore in its electric vehicle business over the next three to five years. 

🎯 Bank of India :
State-owned Bank of India raised Rs.500 crore through perpetual bonds at a rate much cheaper than usual.

Edited by Sharp.
© Sharp Investment & Financial Advisers

IPO Updates Reliance Nippon Life Asset Management Ltd.

‼
We didn't recommend IEX nor GIC but we do Reliance Nippon.

Issue Open : Oct 25, 2017 - Oct 27, 2017.
Issue Price : Rs.247 - Rs. 252 Per Share.
Market Lot: 59 Shares.

Company is promoted by Reliance Capital Limited. Reliance Capital is an RBI registered non-banking finance company with business interests including in asset management and mutual funds, life, health and general insurance, commercial and home finance, stock broking, wealth management services, distribution of financial products, asset reconstruction and proprietary investments. Reliance Capital Limited is a part of Reliance Group led by Mr. Anil D. Ambani.

Nippon Life Insurance Company, one of the leading private life insurers in Japan is the co-promoter of the company. 

Reliance Nippon Life is involved in managing: 
1. Mutual funds (including ETFs); 
2. Managed accounts, including portfolio management services, alternative investment funds (AIFs) and pension funds; and 
3. Offshore funds and advisory mandates.

Year ended on 31st March, 2017, the net profits were 4055 millions and revenues of the company were 14004 millions.

We recommend to subscribe for the IPO for short term gains.

© Sharp Investment & Financial Advisers

26 Oct, Morning Brief

Market will open on a negative note as SGX Nifty is trading 25 points lower.

Yesterday, Nifty, which hit a record high of 10,340.55 in trade on Wednesday failed to keep the momentum going and the index closed below its opening level making a ‘Hanging Man’ type of pattern on the daily charts. Formation of a Hanging Man candle in the uptrend indicates a possible reversal or a top. 

US stocks fell on Wednesday, with the Dow Industrials and S&P 500 indexes suffering their worst day in seven weeks.
Dow ended down by 112 points lower.

Asian markets trading flat.

🎯 IPO Watch :
Reliance Nippon Life Asset Management was over-subscribed 4.63 times on the first day.

Major Results Today :
YesBank, Mcdowell-n, Biocon, Vijayabank, IB Ventures.

Results Updates :

🎯 HUL :
Net Profit At Rs. 1276 Cr.
Revenue Up by 6% At Rs.8,309 Cr.
Positive for the stock.

🎯 RBL Bank :
Net Interest Income up 39%
Net Profits up 67.6%
GNPA at 1.44% vs 1.46% QoQ.
Positive for the stock.

🎯 PNB Housing :
Net profit up 52.9% YOY (up 12.4% QoQ).
Disbursements up 44.6% YOY & down 5.3% QOQ to Rs. 5.3 cr
GNPA at 0.34% vs 0.43% QoQ.
Positive for the stock.

🎯 Engineers India :
Revenue up 26.6% At Rs.429.1 Cr.
Net Profit up 27.1% At Rs.119.2 Cr Vs Rs. 93.7 Cr (YoY).
Positive for the stock.

🎯 HCL Info :
Cons Net Loss At Rs. 455.6 Cr Vs Loss Of Rs. 37.1 Cr (YoY).
Cons Revenue Down 12% At Rs.880.6 Cr Vs Rs. 1000.1 Cr (YoY).
Negative for the stock.

🎯 Glaxosmithkline Pharma :
Net profit of GSK Pharmaceuticals rose 31.84 % to Rs 130.32 Cr Vs Rs. 98.85 QoQ.

🎯 Lupin :
Lupin gets USFDA nod for testosterone topical solution & Clonidine Hydrochloride Tablets.
Positive for the stock.

🎯 Quess Corp :
Company has signed a definitive agreement to acquire 70% equity in Vedang Cellular Services Private Limited with an investment upto Rs. 40 crores.
Positive for the stock.

🎯 HDFC Bank :
RBI instructs HDFC Bank to classify project loan account as a NPA.

🎯 Mannapuram Finance :
Company may raise Rs.200cr through allotment of non-convertible debentures on private placement basis.

🎯 ONGC, IOC :
ONGC IOC unveiled a Rs. 320cr fund to support start-ups in oil and gas sector for a period of 3 years.

🎯 BPCL :
BPCL plans to raise $500mn via bonds.

🎯 Kirloskar Pneumatic Company :
The firm has received a Letter of Acceptance from GSPL India Transco (GITL), for natural gas Compression Services including supply and installation of Gas Compressor on rental basis, for a value of Rs 60 crore. 

🎯 Wipro :
The IT firm announced the completion of Cooper Software Inc. 

🎯 Polaris :
Polaris Consulting To Consider Delisting On October 31.

🎯 JP Associates :
SC refuses nod to Jaypee to sell Yamuna Expressway, extends deadline to deposit 2000 Cr.

Edited by Sharp.
© Sharp Investment & Financial Advisers

25 Oct, Morning Brief

Gap-up opening expected as SGX Nifty is trading up by 90 points.
Yesterday, Dow ended on a record high note.

Major Results Today :
Results today: Hindustan Unilever, Kotak Mahindra Bank, PNB Housing Finance, HCL Technologies, RBL Bank, Engineers India, IDFC Bank, HCL Info, GSK Pharmaceuticals.

Results Updates :

🎯 Infy :
Cons Net Profit At Rs. 3726 Cr.
FY18 Revenue Guidance Cut To 5.5%-6.5% From 6.5%-8.5%.
Cautious over the stock.

🎯 Ambuja Cements :
Standalone Net Profit Up by 10% At Rs. 272.4 Cr Vs 247.5 Cr (YoY).
Standalone Revenue up by 13% At Rs. 2,319.6 Cr Vs Rs. 2,050.6 Cr (YoY).
Positive for the stock.

🎯 ABB :
Net Profit Up by 18% At Rs. 83.3 Cr Vs Rs. 70.6 Cr (YoY).
Revenue down by 7% At Rs.1,915 Cr Vs Rs. 2,055 Cr (YoY).
Positive for the stock.

Listing Today :
GIC

🎯 PSU Banks :
Cabinet Announces Rs. 2.11 Lk Cr Capitalisation Of PSU Banks (SBI, PNB, Bank of Baroda, Bank of India, Union Bank etc.)
Positive for the sector.

🎯 IRB/IL&FS/MEP :
The Rs 6.92-lakh-crore, five-year roads programme approved by the cabinet on Tuesday.
Positive for the sector.

🎯 Lupin :
Lupin receives FDA approval for generic Lodosyn® tablets.
Positive for the stock.

🎯 Rcom :
Reliance Communications to shut down DTH biz next month.

🎯 L&T :
L&T loses government order to supply 2.5mn smart meters in reverse bid.

🎯 Idea :
ATC to buy 20,000 Vodafone, Idea towers for over $1 billion EV

🎯 ICICI Prudential :
Company's Gross premium at Rs. 6599.4 cr, up 35.1% QOQ & 20.7% YoY.
Positive for the stock.

Edited by Sharp.
© Sharp Investment & Financial Advisers

24 Oct, Morning Brief

A flat to negative opening expected today ahead of SGX Nifty which was trading down by 13 points. Volatility like yesterday is expected to continue this week ahead of the F&O expiry and Q2 earnings. Bank Nifty signaled a negative marching ahead of expecting weak results but if guidance over the asset quality for next half year then the picture will be different.
European markets posted modest gains. 
US market saw declines dragged by technology and industrial stocks. 

🎯 News & Impact 🎯

Major Results Today :
Infosys, HDFC Bank, Asian Paints, Ambuja Cements, ABB India, Zee Entertainment, Can Fin Homes, ICICI Prudential Life, L&T Finance Holdings.

🎯 Indiabulls Hsg Finance :
Cons Net Profit At Rs.861 Cr Vs Rs.684 Cr (YoY).
Cons Revenue At Rs.3,067 Cr Vs Rs.2,510 Cr (YoY).
Positive for the stock.

🎯 Rcom :
Reliance Communications receives final approval from DOT for demerger of wireless Business of Sistema Shyam Teleservices Limited into RCom.

🎯 M&M :
Mahindra Logistics, a subsidiary of the company, sets IPO price band at Rs. 425-429 per share.

🎯 Cochin Shipyard :
The Ministry of Shipping had approved formation of Joint Venture Company between Cochin Shipyard and Hooghly Dock & Port Engineers.

🎯 Vedanta :
Vedanta will invest $8 billion over the next three years.

🎯 Tata steel, Ruias submit bid for essar steel but JSW steel gives it a skip.

🎯 Srei infra and 5 others eye Electrosteel

🎯 Bharti Airtel :
Bharti adds 1 mn users.

🎯 SBI :
SBI signs MoU with Escorts for tractor financing.

Edited by Sharp.
© Sharp Investment & Financial Advisers

23rd Oct, Morning Brief

SGX Nifty was trading higher about 34 points indicates positive opening at the market.
US stocks hit record closing highs on Friday and the S&P 500 posted a sixth week of gains after the US Senate passed a budget resolution, lifting hopes that President Donald Trump’s tax-cut plan may move forward.
Today, Japanese market jumped as an election win for Shinzo Abe.

🎯 News & Impact 🎯

Listing Today :
IEX

🎯 Granules India :
Gets US FDA Approval For Prasugrel Tablet.

🎯 M&M :
Approves Scheme Of Arrangement b/w Mahindra Two Wheelers & M&M.

🎯 Union Bank Of India :
Bank says Investment of Dai-Ichi Life Holding Inc., Japan in Union Asset Management Company Private Ltd. through Compulsorily Convertible Preference Shares.

🎯 Gayatri Projects :
NCLT , Hyderabad Bench at its hearing held on 10th October, 2017 has passed an order for admission under the provisions of Insolvency and Bankruptcy code.

🎯 Mahindra Lifespace :
Mahindra Lifespace Developers announces JV with HDFC Capital Affordable Real Estate Fund-1 to develop affordable housing projects in India.

🎯 United Bank of India, Bank of Maharashtra, Indian Bank :
Government to sell stake in 8 PSBs.

🎯 Gati :
Greenko Group in talks to acquire Gati Infrastructure's hydro-electric project.

🎯 HCL Infosystems :
Board Approves Rs.499 crore fund raising via rights issue.

🎯 Dr Reddys :
Dr Reddy's Lab recalls Famotidine tablets from the U.S. market.

🎯 Future Group is in an advanced stage of buying out the franchise rights of British retail chain WHSmith in India from Travel News Services India

🎯 TTML :
Tata Tele (Maha) Board Approves Raising Up To Rs.20,000 Cr Via Securities.

🎯 Bhushan Steel :
ArcelorMittal expressing interest to acquire Bhushan Steel.

🎯  IOC :
IOC delayed maintenance shutdown at its 300,000 barrels per day (bpd) Paradip refinery ineastern Odisha state to March - April.

🎯 ONGC: The refiner has drawn a blueprint to raise crude oil production by 4 million tonne (MT) and almost double natural gas output by 2020.

🎯 Inox Leisure : 
Inox Leisure has commenced the commercial operations of Video Cinema, taken on License basis, with effect from October, 21.

Edited by Sharp.
© Sharp Investment & Financial Advisers

18th Oct. Special Trading

I wish..

Number of times you and your family brush a year, equally you have *Colgate* in your Demat.

Day cares from *HUL* would give you freshly bath.

*Tata Global* would please your daily morning.

A *Titan* on your wrist should tell your time as well.

Peter Van or Louis would  suit on you like *ABFRL* in your Demat.

*Bata* would shine on your feet.

Your *Maruti* or *Tata Motors*'s Jaguar would be ahead of times.

*BPCL* and *HPCL* will support your empty tank.

You enjoy your lunch at BBQ nation by *Sayaji Hotels*  

Nescafe of *Nestle* will cherish your afternoon.

Your festive bonus would come into your *HDFCBANK* A/c and you should plan your holidays with *THOMAS COOK*.

Your wife would eager to enjoy your bonus with shopping at *Dmart* or Westside of *Trent* or that of *TBZ*.

Enjoy your drink of *Mcdowell-n* before *Daawat* on your dining.

No tensions you would face about hospitalization as you have sufficiently insured through *ICICIPRULI*.

Regular medicines from *Sunpharma* or *Lupin* should protect your family from viral infections.

Sleep well in *Voltas* A/c under a strong roof built with *AMBUJACEM* by *KOLTEPATIL*.

All these blessings should come soon over you from the Almighty.

Regards,
Prasaad Bhave.

© Sharp Investment & Financial Advisers