28th April Morning Brief

SGX Nifty trading flat with marginal gains. So market will open flat. Asian markets are in red. US stocks ended with marginal gains, but the Nasdaq Composite ended at a record high on Thursday, boosted by results-related gains in Comcast, PayPal, and Intuit, while the S&P 500 and the Dow were little changed.

🎯 News & Impact 🎯

Major Results Today :
Ambuja Cements, Aditya Birla Money, CEAT, Deepak Nitrite, Federal Bank, IDFC Ltd, Kesoram Industries, Kitex Garments, Navin Fluorine, Raymond, Supreme Industries, UPL Ltd, Uttam Galva Steels, Coromandel International.

Niti Aayog pegs GDP to grow 8%
Niti Aayog on Thursday said that India will get back to over 8 percent growth as it proposed a host of reforms, including a reduction in corporate tax to 25 percent and uniform import duty at 7 percent. 👍

🎯 Biocon Q4 :
Consolidated net profit down 61.9 % at Rs.127.5 crore versus Rs.333 crore (YoY).
Consolidated total income down 2.7% at Rs.931.1 crore versus Rs.956.7 crore (YoY).
Negative for the stock. 👎🏻

🎯 Ujjivan Financials :
Consolidated net profit down 56% at Rs. 19.3 crore versus Rs.43.9 crore (QoQ).
Consolidated NII down 33.3 percent at Rs.152.8 crore versus Rs.229 crore (QoQ).
Negative for the stock. 👎🏻

🎯 Mahindra CIE :
Net profit up 9.2 % at Rs.16.6 crore versus Rs.15.2 crore (YoY).
Total income up 14.4 % at Rs.512.5 crore versus Rs.447.8 crore (YoY).
Positive for the for the stock. 👍

🎯 Kokuyo Camlin :
Net profit up 20.8 % at Rs 2.9 crore versus Rs 2.4 crore (YoY).
Total income up 9 % at Rs.193 crore versus Rs.177.1 crore (YoY).
Positive for the stock. 👍

🎯 Reliance Capital :
Net profit up 99.5 % at Rs. 417 crore versus Rs. 209 crore (QoQ).
Total income up 27.6 % at Rs.5,033 crore versus Rs.3,945 crore (QoQ).
Positive for the stock. 👍

🎯 Indiabulls Real Estate :
Net profit up 18.8 % at Rs.79.8 crore versus Rs 67.2 crore (YoY).
Total income down 38.4 % at Rs.437 crore versus Rs.709 crore (YoY).
Positive for the stock. 👍

🎯 Indiabulls Ventures :
Net profit at Rs.54.1 crore versus Rs. 2.4 crore (YoY).
Total income up 26.6 % at Rs.117.7 crore versus Rs.93 crore (YoY).
Positive for the stock. 👍

🎯 Motilal Oswal Financial Services :
Net profit up 91.1 % at Rs.90.2 crore versus Rs. 47.2 crore (YoY).
Total income up 70.1 % at Rs.516.9 crore versus Rs.303.9 crore (YoY).
Positive for the stock. 👍

🎯 Prism Cement :
Gets letter of intent from MP government for allotment of cement grade limestone mining lease. Mining lease is for 50 years with reserves of 23.6 Mt.
Positive for the stock. 👍

🎯 Vascon Engineers :
Approves issuing compulsorily convertible debenture (CCDs) of up to Rs. 110 crore via private placement.

🎯 ITDC :
Signs MoU to transfer its 51 percent stake in MP Ashoka Hotel to MP Government. Signs MoU to transfer hotel Bharatpur Ashok to Rajasthan Government.
Positive for the stock. 👍

🎯 Kotak Mahindra Bank :
 To buy out entire 26 % stake of Old Mutual in Kotak Life for Rs.1,292.7 crore.

🎯 Edelweiss :
CRISIL assigns rating of A1 to the proposed short term debt issue of Edelweiss financial.

🎯 HDFC Bank :
To raise Rs.5,000 crore via perpetual bond sale.

🎯 Suzlon : 
Chairman Tulsi Tanti says company on the verge of exiting corporate debt restructuring.
Positive for the stock. 👍

🎯 ONGC :
The company makes 23 oil & gas discoveries.
Positive for the stock. 👍

🎯 Precision Camshafts :
CARE revises rating to A and A1 for Precision Camshafts.

🎯 Ashok Leyland :
National Company Law Tribunal (NCLT), Chennai approves the scheme of amalgamation of Hinduja Foundries with Ashok Leyland.

🎯  Sun TV :
Launches 24 hours Malayalam -'Surya Comedy channel'

🎯 Cosmo Films :
Launches low noise tapes.

🎯 HCC :
Brookfiled eyes HCC's road projects worth Rs.1,500 crore.

🎯 TBZ, PC Jeweller, Titan in focus as today is Akshaya Tritya Day.

🎯 Jindal Stainless :
Board approves issue of non-convertible debentures (NCDs) worth Rs.600 crore.

🎯 Indraprastha Gas :
Board approves increasing FPI investment limit to 30 % from 24 %.
Positive for the stock. 👍

🎯 Hatsun Agro :
Board approved raising Rs.500 crore via QIP issue.

Edited by Sharp.
© Sharp Investment & Financial Advisers

27th April Morning Brief

Market will open with a flat note but may be volatile. Broader market will hit because of profit booking. But selected stocks like Maruti, HDFC Bank will may gain.
We advise to stay cautious on long positions.
All Asian markets are trading red. US markets were also closed in red last night.

🎯 News & Impact 🎯

Results today: Maruti Suzuki, Kotak Mahindra Bank, TVS Motor Company, Biocon.

🎯 Axis Bank :
Net Profit Down 43.1% At Rs.1,225.1 Cr Vs Rs.2,154.3 Cr (YoY).
NII Up 3.9% At Rs.4,728.9 Cr Vs Rs. 4,552.6 Cr (YoY).
Gross NPA At 5.04% Vs 5.22% (QoQ).
Provisions At Rs.2,581 Cr Vs Rs.1,168.3 Cr (YoY); Rs.3,795.8 Cr (QoQ).
Results are above street expectations.
Positive for the stock. 👍

🎯 Tata Sponge :
Cons Net Profit Up 61.8% At Rs.21.2 Cr Vs Rs.13.1 Cr (YoY).
Cons Total Income Up 19.9% At Rs.185 Cr Vs Rs.154.3 Cr (YoY).
Positive for the stock. 👍

🎯 Sterlite Technologies :
Cons Net Profit Up 29.6% At Rs.68.7 Cr Vs Rs.53 Cr (QoQ).
Total Income Down 3.4% At Rs.707.2 Cr Vs Rs.732.4 Cr (QoQ).
Positive for the stock. 👍

🎯 GIC Housing :
Net Profit Up 29.8% At Rs.46.6 Cr Vs Rs. 35.9 Cr (YoY).
NII Up 28% At Rs.99.7 Cr Vs Rs.77.9 Cr (YoY).
Positive for the stock. 👍

🎯 KPIT Tech :
Net Profit Down 27% At Rs.53.7 Cr Vs Rs. 73.6 Cr (QoQ).
Revenue Up 3.3% At Rs.858.4 Cr Vs Rs. 830.6 Cr (QoQ).
Negative for the stock. 👎🏻

🎯 Lakshmi Vilas Bank :
Net Profit Up 6.3% At Rs.52.2 Cr Vs Rs. 49.1 Cr (YoY).
Positive for the stock. 👍

🎯 Supreme Petrochem :
Net Profit Up 28.7% At Rs.69.9 Cr Vs Rs.54.3 Cr (YoY).
Total Income Up 4.9% At Rs.953.8 Cr Vs Rs.909.4 Cr (YoY).
Positive for the stock. 👍

🎯 Foseco India :
Net Profit Down 14.3% At Rs.7.2 Cr Vs Rs.8.4 Cr (YoY).
Total Income Up 11.8% At Rs.88.1 Cr Vs Rs.78.8 Cr (YoY).

🎯 Somany Ceramics :
Sanitaryware plant expansion complete, capacity increased from 3.03 lacs pieces per annum to 11.50 lacs pieces per annum (3.7x).

🎯 Cadila:
Zydus receives final approval from the USFDA for Cholestyramine for Oral Suspension USP (A Cholesterol-lowering Agent).
Positive for the stock. 👍

🎯 Petron Engineering :
Receives Work Order from M/, for Building Structure Works at Goregaon (West) for a total Value of Rs. 110cr.
Positive for the stock. 👍

🎯 Inox Leisure :
The company commenced operations at Multiplex Cinema, Pune - 4 screens and 662 seats.

🎯 Union Bank :
Ind-Ra assigns IND AA/Stable rating to Basel III bonds.

🎯 NSE IPO likely to be delayed. 👎🏻

🎯 Jubliant Life Sciences :
Considering Singapore listing of pharma unit. Zee Entertainment forays into Latin America.

🎯 Apollo tyres :
Enters European truck,bus radial tyre market.

🎯 L&T, HCC bidders for 3500 cr for Mumbai Coastal Road Project.

🎯 Godrej :
Enters pact with Taj for mixed use deal.

🎯 L&T, Reliance defence - MOD to seek fresh bids from L&T, Reliance for 20000 cr warship project.

Edited by Sharp.
© Sharp Investment & Financial Advisers

Market Snapshot for 27th April 2017

Nifty closed at record high.
Sensex hit new all time high & closed above 30k mark first time ever.

Investor sentiments around the globe turned optimistic on possible tax cuts, likely to be announced on Wednesday by President Donald Trump to stimulate the US economy and the outcome of the French election allaying immediate concerns of political uncertainty in the euro zone.
On the global front, Asian markets ended mostly higher on Wednesday, following the overnight gains on Wall Street amid upbeat corporate earnings results and on optimism that US President Donald Trump is expected to unveil a tax plan later in the day. Chinese market edged higher after China's politburo said the country will continue to adopt a proactive fiscal policy and prudent monetary policy.

Nifty   9351.85 🔼 45.25

Sensex   30133.35 🔼 190.11

CNX Midacap  18022.60 🔽 39.60

NSE Sectoral Top Gainer : Nifty FMCG
NSE Sectoral Top Loser : Nifty Realty

Nifty50

🎯 Top Gainer : M&M  1355 🔼3.64%
🎯 Top Loser : Techm 425.45🔽2.90%
🎯 Turnover Toper by Value : Ibrealest
🎯 Turnover Toper by Qty : Suzlon
🎯 Advances / Declines : 492 / 1196
🎯 New 52 Wk High : BPCL, GAIL, HDFC, HDFCBank, IndusIndbk, IOC, ITC, Kotakbank, LT, Maruti, Ultracemco.
🎯 New 52 Wk Low : Auropharma.

🎯 FIIs / FPI vs DIIs :
    - 492.52 Cr  vs  +1011.38 Cr.

🎯 Nifty Outlook 🎯
Another winning session for the Nifty hitting new high and close above 9350 mark. Today's movement may give a chance to say that the bulls may get tired and it will reflect soon in the market. Banking sector may outperform Nifty in coming sessions.
9370 will be an immediate hurdle to cross and 9300 will be the emotional support for the Nifty. Tomorrow's session will be volatile as its a derivative expiry of April month contracts but will be an alert for punters especially holding long positions; stock specific apart.

© Sharp Investment & Financial Advisers

26th April Morning Brief

Market likely to open with a positive note tracking SGX Nifty is trading up by 19 points. US markets closed into green and Asian markets are also up by half percent in morning trades.

🎯 News & Impact 🎯

🎯 Wipro :
IT Services Revenue At Rs.13,402 Cr. Guidance: See Q1 IT Services Revenue Growth At $1,915 m-1,955 m. Approves Bonus Issue In The Ratio of 1:1.
Reappoint Azim Premji As Chairman For 2 Years.
Positive for the stock. 👍

🎯 LIC Housing Finance :
Net Profit Up 18.1% At Rs.529.2 Cr Vs Rs. 448 Cr (YoY).
NII Up 24.5% At Rs.1,073 Cr Vs Rs.862.1 Cr (YoY).
Gross NPA At 0.43% Vs 0.45% (QoQ).
Net NPA 0.14% Vs 0.22% (QoQ).
Loan Disbursement Up 15% YoY.
Positive for the stock. 👍

🎯 Persistent Systems :
Cons Net Profit Down 11% At `72.7 Cr Vs Rs.81.8 Cr (QoQ).
Cons Revenue Down 2.5% At `727.1 Cr Vs Rs.745.5 Cr (QoQ).
Negative for the stock. 👎

🎯 Nucleus Software :
Cons Net Profit Up 40.3% At Rs.22.3 Cr Vs Rs.15.9 Cr (QoQ).
Cons Total Income Up 0.6% At Rs.93.7 Cr Vs Rs.93.1 Cr (QoQ).
Positive for the stock. 👍

🎯 M&M Financial :
Net Profit Down 32.4% At Rs.278.2 Cr Vs Rs.411.3 Cr (QoQ).
NII Up 14.8% At Rs.1,320.7 Cr Vs Rs.1,150.7 Cr (QoQ).
Gross NPA At 9% Vs 11.1% (QoQ).
Net NPA At 3.6% Vs 5.2% (QoQ).

🎯 ICICI Prudential :
Net Profit Down 9.2% At Rs.408.2 Cr Vs Rs.449.8 Cr (QoQ).
First-year Premium Up 18.6% At Rs.2,111.3 Cr Vs Rs.1,780.9 Cr (QoQ).
Gross Premium Income Up 31.9% At Rs.7579.5 Cr Vs Rs.5,746.1 Cr (QoQ).
Claims Paid Up 63.5% At Rs.4,902 Cr Vs Rs.2,997.7 Cr (QoQ).

🎯 IDFC Bank :
Net Profit Up 6.6% At Rs.176 Cr Vs Rs.165.1 Cr (YoY).
NII Up 20.5% At Rs.502.1 Cr Vs Rs. 416.8 Cr (YoY).
Gross NPA At 2.99% Vs 7.03% (QoQ).
Net NPA At 1.14% Vs 2.57% (QoQ).

🎯 Reliance Industries: 
Reliance Jio Infocomm is expected to pursue its pricing strategy of sharp discounts and complimentary services for the next 12-18 months in a bid to garner about 15 per cent of India's wireless subscribers, a move that will continue to hurt rivals, analysts said. 

🎯 Tata Consultancy Services :
The company has launched an Aadhaar-enabled payment platform that allows retailers to integrate payments across multiple channels, such as credit or debit card, Aadhaar-based and phone based payments, through a single interface. 

🎯 Eicher Motors: 
VE Commercial Vehicles, a joint venture between Volvo AB and Eicher motors, would invest Rs.500 crore to make trucks that comply with the latest emission norms after India skipped a stage in the chronologically progressive set of standards monitoring automobile pollution. 

🎯 Suzlon :
Allotment of 1,67,50,807 equity shares to FCCB holders.
CARE assigns A1 rating for commercial paper issue of Rs.50cr.

🎯 Indian Hotels :
Shapoor Mistry resignes as a Director with immediate effect.

🎯 Adani Ports :
Signs JV with France's CMA CGM to operate Container Terminal at Mundra Port.

🎯 Mercator :
Commenced drilling of a new exploratory well in Cambay Basin Gujarat.

🎯 VA Tech Wabag :
Says Liquidation of wholly owned Spain Subsidiary.

🎯 Transpek Industry :
Crisil upgrades rating to FA/Stable from FA-/Stable.

🎯 Rajkumar Forge :
Ind-Ra assigns IND A -(SO)/Stable.

🎯 Satin Creditcare :
CARE assigns A2, BBB to various debt instruments.

🎯 Veerhealth Care :
Introduces Dantveer health toothpaste starts manufacturing at Changodar Facility.

🎯 Vascon Engineers :
Lodha group looks to buy up to 15% in Vascon Engineers at premium to current price.
Positive for the stock. 👍

🎯 NTPC :
Raises 2000cr through Masala binds.

🎯 ONGC :
In focus as OVL looking for risk sharing pact to drill hydrocarbon block at S china sea.

🎯 Usha Martin :
Board sacks non-executive chairman Prashant Jhawar.

👉 Stocks in F&O ban: ADANIENT, BANKINDIA, HDIL, IBREALEST, ICIL, INFIBEAM, JINDALSTEL, JPASSOC, JSWENERGY, RCOM, TV18, UJJIVAN

Edited by Sharp.
© Sharp Investment & Financial Advisers

Market Snapshot for 25th April

Nifty closed at record high.
Monday's optimism got spilled over into the Tuesday's session helping the local indices in extending the winning momentum for second successive session as encouraging global developments buttressed domestic sentiments. Polls show Emmanuel Macron, a candidate seen as pro-business defeating anti-euro nationalist Marine Le Pen by as much as 30% points in the second round of the French presidential election in two weeks. Sentiments were also bolstered by a string of optimistic quarterly results including from Reliance Industries, which were announced yesterday post market hours. On the global front, Asian markets ended mostly higher on Tuesday as European political risks faded and oil prices rebounded after six consecutive sessions of losses.

Nifty  9306.60🔼88.65
Sensex  29943.24 🔼287.40
CNX Midacap 18062.20  🔼151.95

Nifty50

🎯 Top Gainer : Infratel  375.30 🔼4.76%
🎯 Top Loser : Tatapower 85.05🔽1.10%
🎯 Turnover Toper by Value : Reliance
🎯 Turnover Toper by Qty : Suzlon
🎯 Advances / Declines : 892 / 781
🎯 New 52 Wk High : GAIL, Grasim, HDFC, HDFCBank, Ibulhsgfin, IndusIndbk, Kotakbank, Gail, LT, Ultracemco.
🎯 New 52 Wk Low : Auropharma.

🎯 FIIs / FPI vs DIIs :
    +178.82 Cr  vs  +998.26 Cr.

🎯 Nifty Outlook 🎯
FIIs sold 804.82 cr of index i.e. Nifty futures today. No doubt Nifty future were trading in discount and closed at 11.3 points' discount. Today's gap up opening may give chances to doubt about further journey of the Nifty. The rollover percentage in Nifty future is above the average percentage and the volumes on Nifty future are more than yesterday. Hopefully it will hold the steam ahead of derivative expiry.

© Sharp Investment & Financial Advisers

25 April Morning Brief

Market to open on higher side as SGX Nifty trading up with 30 points, in line with global markets.

🎯 News & Impact 🎯

Results today: Wipro, M&M Financial Services, LIC Housing Finance, Can Fin Homes, ICICI Prudential Life Insurance, IDFC Bank, Indian Bank, International Paper, Kewal Kiran Clothing, Nucleus Software Exports, Persistent Systems, Swaraj Engines, Tayo Rolls, Welspun India, Zee Learn, Zensar Technologies.

🎯 Reliance Industries
Standalone Net Profit Up 1.6% At Rs.8,151 Cr Vs Rs.8,022 Cr (QoQ).
Standalone Total Income Up 12% At Rs. 74,598 Vs Rs.66,606 Cr (QoQ).
Reliance Industries post market hours of Monday reported a 12.3 per cent increase in quarterly net profit as its giant refinery was more than twice as profitable as its Singapore peers and petrochemical margins were robust. The company exuded optimism about future growth from ongoing projects, its nascent telecom venture and the rapidly growing retail network. 
Positive for the stock. 👍🏻

🎯 Rallis India :
Net Profit Down 10.1% At Rs.31 Cr Vs Rs.34.5 Cr (YoY).
Total Income Down 1.1% At Rs.366.7 Cr Vs Rs.370.6 Cr (YoY).
Negative for the stock. 👎🏻

🎯 Indiabulls Housing Finance :
Net Profit Up 24.4% At Rs.840.5 Cr Vs Rs. 675.5 Cr (YoY).
Calculated NII Up 14.7% At Rs.1,192.3 Cr Vs Rs.1,039.3 Cr (YoY).
The company says Average Loan Size At Rs.24 Lakh
Positive for the stock. 👍🏻

🎯 Went :
Net Profit Up 23.8% At Rs.2.6 Cr Vs Rs.2.1 Cr (YoY).
Total Income Up 9.7% At Rs.40.7 Cr Vs Rs.37.1 Cr (YoY).
Positive for the stock. 👍🏻

🎯 ONGC :
ONGC plans to invest $ 11 billion to boost gas production. ONGC plans to put into production its gas blocks in the KG Basin and Ratna and R-Series oilfields in Mumbai offshore by 2019.

🎯 Eros Media :
Parent company sells 5.72 lakh shares.
Negative for the stock. 👎🏻

🎯 Infosys and TCS: 
In a statement, Nasscom said that Tata Consultancy Services (TCS) and Infosys had received 7,504 visas which is only 8.8 per cent of the total approved H-1B visas in FY 2015. 

🎯 Bharti Airtel: 
Company plans to soon enter the home automation or smart home segment with its Internet of Things (IoT) and machine-to-machine solutions in a move aimed at expanding its revenue base, allowing users to control elements such as lighting, heating, air conditioning, music and security systems through smartphones. 

🎯 SH Kelkar :
The company acquires of Fragrance Encapsulation Technology.

🎯 PNC Infra :
Financial Closure for the project of four laning / two laning with paved shoulders from 0.00 km to 83.453 km of Dausa-Lalsot-Kauthun section of NH-11 A.

🎯 JM Financial :
Buyback of upto 10% of equity capital.

🎯 Strides Shasun :
Completion of US FDA inspection at the API Facility of the Company at Cuddalore with Zero 483 observations.

🎯 Essel Propack :
Issuance of Commercial Paper of Rs.20 Crore.

🎯 Reliance Communications : Shareholders give nod to Rcom Aircel merger.

🎯 Parsvanath :
SC ordered Parsvanath to provide habitable flats in two weeks.

🎯 Tata Power :
May sell cross holdings after Mundra tariff order.

🎯 Pokarna :
To Consider Sub-division Of Shares On May 8.

🎯 Biocon :
Board To Meet On April 27 To Consider Bonus Issue.
Positive for the stock. 👍🏻

🎯 DCB Bank :
Sets QIP Floor Price At Rs 177.39/Share.

Edited by Sharp.
© Sharp Investment & Financial Advisers

Market Snapshot for 24th April 2017

Investor sentiments around the globe turned optimistic after the market’s favoured candidate, Emmanuel Macron, won the first round of the French presidential election. The outcome led to a mass unwinding of safe-haven trades in favour of riskier assets. On the domestic front, sentiments got a boost with Finance Minister Arun Jaitley’s statement that Indian economy will grow at a clip of 7.5% this fiscal, up from 7.1% in the previous year, and it remains resilient with low inflation, fiscal prudence and low deficit. Backboned by the statement by Niti Aayog, the government's premier think-tank, indicating that India will be a Rs. 469 lakh crore, or $7.2 trillion, economy by 2030.

Nifty  9217.95 🔼98.55
Sensex  29655.84 🔼290.54
CNX Midacap 17910.25  🔼109.90

Nifty50

🎯 Top Gainer : ACC 1608 🔼7.53%
🎯 Top Loser : Lupin 1363 🔽3.33%
🎯 Turnover Toper by Value : IBREALEST
🎯 Turnover Toper by Qty : GMRInfra
🎯 Advances / Declines : 985 / 694
🎯 New 52 Wk High : Grasim, Ultracemco, Gail, LT, Ibulhsgfin, HDFCBank, Kotakbank, HDFC.
🎯 New 52 Wk Low : Lupin.

🎯 FIIs / FPI vs DIIs :
   - 279.55 Cr vs +984.17 Cr.

🎯 Nifty Outlook 🎯
After 6 sessions, Nifty has overcome the trend resistance of 9210 and just closed above it. Strong support witnessed at 9070 level.
Nifty Call data shows highest OI in 9200 strike price followed by 9300 strike price. Whereas in case of Puts data, highest OI stood in 9200 strike price. It signaled 9300 and 9200 levels are the crucial levels for this month expiry.
Today's FIIs gross figures shows selling in cash market and stock options but buying in Index & Stock Futures and Index options.
CCI is at 40.88 and Fast Stochastic is at 56.32 which definitely not showing any overbought signal. So hold long in Nifty as suggested near 9100.

© Sharp Investment & Financial Advisers

24th April, Morning Brief

Market may open with a flat note. Outcome of RIL results will lead the market. France elections will be watched by analysts globally as it may impact world markets in this week.

🎯 News & Impact 🎯

🎯 Major Results today :

Reliance, Ultracemco, Indiabulls housing, Hexaware

🎯 Mahindra Lifespace Developers: 
Realty firm, Mahindra Life space Developers reported a 64 % decline in its consolidated net profit at Rs.17.4 crore for the quarter ended March on higher expenses. Its net profit stood at Rs 48.51 crore in the year-ago period, the company said in a filing to the BSE. 
Negative for the stock. 👎

🎯 ACC: 
Cement and ready mixed concrete producer ACC on Friday reported a decline of 9.05 % in its consolidated net profit for the first quarter (Q1) of 2017. The company's consolidated net profit decreased to Rs.211 crore from Rs.232 crore reported during the first quarter of last year. 
Negative for the stock. 👎

🎯 Dalmia Bharat: 
Global private equity giant KKR on Friday sold 5.6 % stake in Dalmia Bharat for an estimated Rs.575 crore through an open market transaction. The shares were purchased by a host of entities, including Kuwait Investment Authority, Birla Mutual Fund and Franklin Templeton Investment Funds. 

🎯 Gujarat Hotels: 
Net profit of Gujarat Hotels rose 62.50 % to Rs 1.43 crore in the quarter ended March 2017 as against Rs 0.88 crore during the previous quarter ended March 2016. Sales declined 2.22 % to Rs.0.88 crore in the quarter ended March 2017 as against Rs.0.90 crore during the previous quarter ended March 2016. 
Positive for the stock. 👍🏻

🎯 International Travel House: 
Net profit of International Travel House rose 162.22 % to Rs.3.54 crore in the quarter ended March 2017 as against Rs. 1.35 crore during the previous quarter ended March 2016. Sales rose 6.80 % to Rs.52.17 crore in the quarter ended March 2017 as against Rs.48.85 crore during the previous quarter ended March 2016. 
Positive for the stock. 👍🏻

🎯 Tata Metaliks :
Net Profit Up 5.2% At Rs.40.4 Cr Vs Rs. 38.4 Cr (YoY). Total Income Up 9.2% At Rs. 415 Cr Vs Rs.379.9 Cr (YoY).

🎯 Tinplate :
Net Profit Up 74.6% At Rs. 11 Cr Vs Rs. 6.3 Cr (YoY). Total Income Up 61.6% At Rs. 270.9 Cr Vs Rs.167.6 Cr (YoY). 👍🏻

🎯 Reliance Industries: 
Reliance Industries commences commercial production of coal bed methane in Sohagpur.

🎯 L&T Finance: 
The company has finalised plans to sell its mutual fund business, seeks 2000cr valuation. The financial services firm of engineering-to-software conglomerate Larsen & Toubro, which had initially planned to sell a minority stake in L&T Mutual Fund, is now scouting for buyers to take over the asset management company, said two people familiar with the development. 
Positive for the stock. 👍🏻

🎯 Ballarpur Industries: 
Gautam Thapar-controlled Ballarpur Industries is in talks with Chinese giant Nine Dragons Paper Group to sell its Malaysian forest arm, Sabah Forest Industries, in a $350million deal, said three people with direct knowledge of the matter. Reviving efforts to divest what was once a crown jewel is yet another attempt by the company to deleverage the BILT balance sheet. 
Positive for the stock. 👍🏻

🎯 Tata Motors: 
Tata Motors-owned Jaguar Land Rover (JLR) has slashed prices of its two models in India by up to Rs. 4.08 lakh to take on German rivals. The company has cut the price of diesel-powered Land Rover Discovery Sport by Rs. 4.08 lakh to Rs. 43.8 lakh from the earlier price of Rs. 47.88 lakh (ex-showroom Delhi). 

🎯 Capital First: 
Mumbai-based non-banking finance company Capital First is looking to raise $50 million from International Finance Corporation in five-year non-convertible debentures. 
Positive for the stock. 👍🏻

🎯 IDFC Bank: 
In one of the largest office leasing transactions so far this year, IDFC Bank has picked up an entire office building spread over 1.80 lakh sq ft on lease in K Raheja Corp's mixed-use development Mindspace in Navi Mumbai's Juinagar locality , said two persons familiar with the development. 

🎯 TCS: 
Tata Consultancy Services (TCS) recruited over 11,500 people outside India during 2016-17, including graduates from engineering and B-schools in the US, as it ramps up local hiring in offshore markets to tackle visa related challenges. 

🎯 Deccan Chronicle and Koutons: 
Leading bourse NSE has decided to delist as many as 19 firms including Deccan Chronicle Holdings and Koutons Retail India from its platform from next month.

🎯 Lumax Ind :
Gets Order From Maruti To Supply New Age Headlamps & Rear Lamps For Swift.
Positive for the stock. 👍🏻

🎯 GE Shipping :
Signs Contract To Buy A Medium Range Product Tanker. Medium Range Product Tanker Expected To Join Fleet In Q1 FY18.

🎯 Sun Pharma Says :
Dadra Facility US FDA Inspection Concluded On April 13.
US FDA Issued Form 483 With 11 Observations For Dadra Facility.
Currently In Process Of Responding To US FDA Observations.
Negative for the stock. 👎

🎯 Brigade Enterprises :
Launch of Holiday Inn, Chennai.
Launch of Brigade Seven Gardens and Senior Friendly homes in Bengaluru.

🎯 Divi's Lab :
US-FDA issues Warning Letter for the Divis Labs' Unit-II at Visakhapatnam.
Negative for the stock. 👎

🎯 Indiabulls Ventures :
Preferential issue of 4.7cr shares at Rs.94 to Tamarind Capital.

🎯 IRB Infra :
IRB Infra files offer document fo IPO of units of IRB InvIT Fund.

🎯 Dr. Reddy's Laboratories :
The company announces the launch of Progesterone Capsules in the U.S. Market.'

🎯 Great Eastern Shipping :
The company buys medium range product tanker.

🎯 IMP Powers :
Receives order worth Rs.62 crores. from Tamil Nadu Transmission Corporation Limited for 1920 MVA of 160 MVA, 230KV Power transformers.

🎯 TV Today Network :
Migration of 3 FM Radio Stations from phase-II to phase III.

🎯 Titagarh Wagons :
Sfto Rake inaugurated by Railway Minister.

🎯 Advance Enzymes :
Investment in Advanced Biodiesel Limited and Palm Techno Ventures Enzyme Sdn Bhd, Malaysia.

🎯 ONGC :
Plans to boost output by 30%.

🎯 IDFC :
IDFC arm buys 33% in ascend for 220 cr.

🎯 Infosys , TCS violating H1- b visa nromsa says US official.

Edited by Sharp.
© Sharp Investment & Financial Advisers

21st April, Morning Brief

Markets are likely to open higher on Friday tracking SGX Nifty which is trading at 9175, up by 15 points.
Hang Seng & Nikkei were trading higher by  66 and 159 & points respectively, in morning trade.
On Wall Street, US stocks rallied on Thursday, with the Nasdaq closing at a record, as a round of solid earnings led by American Express pushed equities higher. The Dow Jones Industrial Average gained 174.22 points, Nasdaq gained 53.74 & S&P 500 gained 17.67 points.
FTSE & DAX closed flat gaining 4.18 & 10.87 points and CAC rose by 74.18 points yesterday.

Results today: 
ACC, FAG Bearing, HDFC Bank, Amal Ltd, Shree Digvijay Cement Company, Soma Paper, Tata Metaliks, and Walchand Peoplefirst Ltd.will announce their results for the quarter ended March 31, 2017 on Friday. 

🎯 News & Impact 🎯

🎯 Reliance Industries :

Successfully commissioned final phase of para-xylene units at Jamnagar. With commissioning, company to become world's 2nd largest producer of para-xylene. Set to commission one of the largest & integrated ethylene cracker globally.
Positive for the stock. 👍🏻

🎯 Vedanta :
Fire at power plant in Punjab resulted in shut down of 3 units for 60 days.
Jharsuguda-I plant had a pot outage incident earlier this week.
Negative for the stock. 👎🏻

🎯 Tata Steel :
Board approves issue of debt securities of up to Rs. 9,000 crore. Funds to be deployed towards re-financing debt, capex requirements.

🎯 Infosys: 
Rajiv Bansal, former CFO of Infosys, has dragged his former employer to arbitration to claim the remaining Rs.12 crore of his severance pay. 

🎯 Coal India: 
Coal India expects to invite bids for long-term coal supplies to the power sector in the next few weeks as the government is close to finalising the policy for such auctions. 

🎯 Mind Tree :
Reported 5.72 % quarter-on-quarter (QoQ) fall in consolidated net profit figures at Rs. 97.20 crore for the quarter ended March 31, 2017. It had posted a net profit of Rs 103.10 crore in the same quarter last year. 
Negative for the stock. 👎🏻

🎯 Diamond Power and Infrastructure:
Diamond Power on Thursday reported widening of its consolidated net loss to Rs.316.83 crore for the March quarter. The loss was higher than the Rs.203.85 crore the company had posted in the January-March period of the previous financial year, 2015-16. 
Negative for the stock. 👎🏻

🎯 Wipro: 
Wipro is trimming its workforce by 600 employees after a rigorous appraisal process as India's information technology industry sector grapples with slowing growth and mounting visa costs amid immigration curbs in the US. 

🎯 Max Financial Services: 
Goldman Sachs will sell shares worth up to $123 million in Max Financial Services Ltd on Friday, according to a deal term sheet seen by Reuters. 
Book launched for share sale up to USD 123 million, floor price Rs 607/share. Max Financial share sale floor price of Rs 607, a 6.75 percent discount to Thursday's closing price of Rs.650.95.

🎯 Indian Hotels :
Supreme Court permits auctions of Taj Mansingh.

🎯 Spice Mobility :
Incorporates subsidiary in Dubai to undertake business of software and IT.
Positive for the stock. 👍🏻

🎯 ICICI Bank: 
Warburg Pincus is the frontrunner to acquire a minority stake in insurer ICICI Lombard General Insurance Co. from Prem Watsa’s Fairfax Financial Holdings, according to reports. ICICI Lombard is a joint venture formed in 2001 between ICICI Bank and Fairfax. 

🎯 PVR : 
Multiplex operator PVR said that it has sacked its Chief Business Development Officer Vijay Kapoor on disciplinary grounds. The company has asked Kamal Gianchandani, Chief Business Planning & Strategy, to take over Kapoor's responsibilities immediately. 

🎯 Nalco: 
State-run National Aluminium Company (Nalco) offer for sale (OFS), got overwhelming response from investors with the retail portion subscribed 3.17 times on the second and last day of the offer on Thursday, the government announced. 
Positive for the stock. 👍🏻

🎯 Bajaj Finance: 
The company on Thursday said it has raised over Rs.500 crore by issuing bonds on private placement basis. 

🎯 Bharti Infratel: 
Credit Suisse maintained ‘Outperfrom’ rating on Bharti Infratel and raised target price to Rs 400 from Rs 335 earlier. 👍🏻

🎯 Dhampur Sugar :
Dolly Khanna buys 1.18 % stake in company in March 2017 against nil in December 2016. AK Goel increase stake in company to 7.78 % in March 2017 against 5.90 % in December 2016.

🎯 Hathway Cable :
To invest Rs.1,000 crore in 3 years.

🎯 Radico Khaitan :
Madhuri Madhusudan Kela buys 7.04 lakh Radico Khaitan shares at Rs 117/share

🎯 Brigade Enterprises :
Board to meet on April 25 to consider fund raising.

🎯 Bombay Rayon :
Board meet on April 25 to approve S4A scheme.

🎯 Teva Pharma :
Gets tentative US FDA nod for Dabigatran Etexilate capsules (Used to reduce risk of stroke & serious blood clots in patients with arterial issues). [Not listed in India].

Edited by Sharp.
© Sharp Investment & Financial Advisers

18th April, Morning Brief

Flat opening expected.
There is no trigger for a runway rise of the market and, in the same manner, there are no signs of any reversal in the primary trend. Nifty has support at 9080-9100 zone.

🎯 News & Impact 🎯

Gruh Finance :
Mortgage lender HDFC Ltd's subsidiary on Monday registered an increase of 25.7%  in its net profit at Rs. 110.45 cr for the fourth quarter ended March 31, 2017. The company had reported net profit of Rs.87.82 crore during the January-March period of 2015-16. 👍🏻

🎯 TCS:  
TCS shareholders on Monday approved the company's Rs.16000 cr share buyback plan, the company said in a regulatory filing on BSE on Monday. The IT major will announce its financial results for the quarter ended March 31, 2017 later in the day. 

🎯 Suzlon Energy :
Suzlon Group has installed and commissioned 2 renewable projects of 50.40 mw each for NALCO at Gondikota in Andhra Pradesh and Jat in Maharashtra. Both the projects have the potential to provide power to over 54,000 households and reduce 0.20 million tonnes of CO2 emissions per annum. 

🎯 PNB and Bank of Baroda: 
The government is working on a road map for the overhaul of state-run lenders that involves the next round of consolidation, public offers in the next few months by banks to raise fresh capital, and changes in the hiring policy, including increased lateral entry. This could see PNB and BOB taking over smaller lenders, said a senior finance ministry official. 👍🏻

🎯 Religare Enterprises: 
Daiichi Sankyo has objected to Religare Enterprises’ decision to sell its stake in Religare Health Insurance, a move the Japanese company claims violates a Delhi High Court order in its legal tussle against former Ranbaxy promoters Malvinder and Shivinder Singh. 

🎯 Nestle India: 
The company has contested the Rajasthan food regulator's reported finding that its Cerelac Wheat infant food failed the quality parameter of “total protein“ and it has asked for proceedings against the company to be dropped. 👍🏻

🎯 Vakrangee Limited: 
The Board of Directors of Vakrangee Limited has approved to provide the services of GST Registration, filing of returns, payment and other value added services thereunder through Vakrangee Kendra Outlets. 

🎯 Auropharma :
Aurobindo Pharma gets US FDA nod for Rocuronium Bromide injectable (Rocuronium is a muscle relaxant used in modern anaesthesia pre-surgery).
Aurobindo Pharma's unit 3 currently undergoing US FDA inspection. US FDA likely to inspect Aurobindo's unit 4 from next week.
Stay cautious on the stock.

🎯 No immediate stake sale on cards for REC, PFC, NLC, NTPC, NHPC, IOC, Government official said.
Government floats RFP (request for proposals) for transaction advisors for stake sale in 7 PSUs. 👎🏻

🎯 Technology stocks :
US President Donald Trump to sign order tomorrow calling for reviewing the H1-B visa program. 👍🏻

🎯 Tata Steel :
Board meeting on April 20 to consider proposal for fund raising.

🎯 HPCL :
Resumes operations at Rajasthan refinery, revised MOU signed with state government.

🎯 National Fertilizers :
Receives letter of intent from space centre in Sriharikota to set up nitrogen tetroxide plant. 👍🏻

🎯 Seshasayee Paper :
Tamil Nadu government restricts Seshasayee Paper from drawing water from Cauvery due drought. 👎🏻

🎯 GTL Infra :
Corporate debt restructuring lenders converted part of GTL Infra's outstanding debt into equity shares.

🎯 IndusInd Bank :
Launches IndusForex.com portal for foreign exchange needs.

🎯 Indian Hotels :
Allotted non-convertible debentures (NCD) worth Rs.200 cr on private placement basis. 👍🏻

🎯 Berger Paints :
Subsidiary and NBCC sign memorandum of business exploration to bring external thermal insulation and composite systems solutions to India.

🎯 Orchid Pharma:
CARE revises rating to D.

🎯 APL Apollo :
Launches Apollo coastguard corrosion proof galvanised steel pipes for coastal regions.

🎯 Warburg :
Plans to sell 10 % stake in Capital First through block deals.

🎯 Dabur :
Plans a call centre for Ayurveda.

Edited by Sharp.
© Sharp Investment & Financial Advisers

17th April, Morning Brief

Market may open with a flat note considering SGX Nifty. Corrective activities are likely to continue, we expect the market to try and find some base. We expect the downsides to remain capped as the market may attempt to find a bottom at current levels. At present, the Nifty50 rests at its short-term support of 20-DMA. 9100-9080 will be the good support zone for Nifty.

🎯 News & Impact 🎯

🎯 DCB :
DCB Bank has reported 24.3 per cent fall in net profit at Rs.53 cr for the fourth quarter ended March of 2016-17 fiscal. The bank had reported net profit of Rs.70 cr in January-March quarter of 2015-16.

🎯 Reliance Infrastructure: 
Anil Ambani-led Reliance Infrastructure on Saturday reported consolidated net profit of Rs.40.94 cr for the March quarter against a net loss of Rs 327.41 crore a year ago. The company’s total income for the January-March 2017 declined to Rs.6,145 cr from Rs 6,910 crore a year-ago. Positive for the stock.

🎯 RIIL: 
RIIL on Friday reported an exponential rise of 140.1 per cent in its net profit for the fourth quarter (Q4) of 2016-17. The company's net profit rose to Rs 7.30 crore from Rs 3.04 crore reported for the corresponding quarter of 2015-16. 
Positive for the stock.

🎯 Reliance Power: 
The company on Thursday reported a 250 per cent rise in consolidated net profit at Rs 215.90 crore for the fourth quarter ended March 31, 2017 against Rs 61.55 crore in the corresponding quarter last year. 
Positive for the stock.

🎯 Bajaj Corp: 
FMCG maker Bajaj Corp Ltd on Thursday reported a decline of 2.93 % in standalone net profit at Rs.52.66 cr for the fourth quarter ended March. It had posted a standalone net profit of Rs.54.25 cr in the January-March quarter of 2015-16, Bajaj Corp Ltd said in a BSE filing. 

🎯 Manaksia Industries: 
Net profit of Manaksia Industries declined 55.82 % to Rs. 6.30 cr in the quarter ended March 2017 as against Rs. 14.26 cr during the previous quarter ended March 2016. 

🎯 Uttam Galva Steels: 
The company is facing a fresh litigation over a loan default, with the petitioner filing the case against the steelmaker under the new Bankruptcy Code that promises speedy resolutions. The Mumbai Bench of the National Company Law Tribunal (NCLT) last week admitted the petition filed by DF Deutsche Forfait under the Insolvency and Bankruptcy Code. The company failed to repay Rs. 110.4 cr that DF Deutsche had extended as trade financing, the petition said. 
Negative for the stock.

🎯 Federal Bank: 
The bank is planning to sell up to 26% stake in its non-bank finance unit, Fedbank Financial Services, to private equity firms to raise Rs 400-500 crore, two people with direct knowledge of the matter said. 
Positive for the stock.

🎯 Dr Reddy's Laboratories: 
Drug firm Dr.Reddy's Laboratories on Friday said the US health regulator has completed inspection of its Srikakulam facility without making any observations. 
Positive for the stock.

🎯 Cairn India: 
The company, along with its partners is set to invest Rs.3,240 crore in the Ravva Fields in the Krishna-Godavari Basin, to undertake 20 Developmental Wells and for setting up related infrastructure, as the oil and gas production is dwindling from the existing wells.

🎯 OMCs: 
Shares of public sector oil marketing companies (PSU OMCs) will be watched. Petrol price was increased by Rs 1.39 per litre while diesel was made expensive by Rs 1.04 per litre. The price of both fuels - petrol and diesel - exclude state levies - which means the actual increase in price will be more after taking into account local value-added tax (VAT) - and took effect from the midnight of April 15. 
Positive for the stocks.

🎯 Godrej Propeties: 
The company announced that it has partnered with Taj Hotels Palaces Resorts Safaris to develop a Taj brand hotel at its flagship project, The Trees, in Vikhroli, Mumbai. The Taj at The Trees will offer approximately 150 guest rooms and suites along with dining, entertainment, and conferencing facilities. The announcement was made before trading hours on April 17. 

🎯 Aban Offshore: 
Aban Offshore said that Shema Renny Abraham, one of the company's promoters, sold 25,000 shares, or 0.04 per cent equity, in the open market on April 12, 2017. Shema Renny Abraham now holds 3.90 lakh shares, or 0.67 per cent equity, of Aban Offshore. The announcement was made after market hours on Thursday, April 13. 

🎯 Torrent Pharma :
Two of Torrent Pharma's plants to be re-inspected by US FDA.
Negative for the stock.

🎯 Allahabad Bank :
Board approves raising Rs.418 cr via preferential allotment of equity shares to govt.

🎯 Gujarat Apollo Industries :
Board approves buyback of upto Rs.24 cr at maximuim Rs.189/share

🎯 Aarey Drugs :
Cancels proposal to acquire Floral Labs.
Negative for Floral labs.

🎯 Indian Hume Pipe :
Wins order worth Rs.177.22 cr in Bangalore.
Positive for the stock.

🎯 Balaji Telefilms :
Launches Alt Balaji.

🎯 Bhartiya International :
Allotted 7 lakh share warrants to non-promoter group.

🎯 Brigade Group :
Launch of maiden Luxury residential project in Chennai.

🎯 Fiberweb :
India issued 1 lakh warrants to non promoters.

🎯 Central Bank of India :
Says preferential allotment of 5.5 cr shares i.e Rs.583 cr to Government of India.
Positive for the stock.

🎯 Raymond :
Board meeting on April 19 for issuing non-convertible debentures (NCDs) worth Rs.150 cr.

🎯 Cipla :
JV terminated with Ahran Tejarat.

🎯 Nestle :
Nestlé India ties up with Google and Paytm for promotion.
Positive for the stock.

🎯 Opto Circuits :
Board meeting April 16 to reconstitute board to improve operational efficiency.

🎯 Lic Hsg Finance :
Vinay Sah appointed as MD & CEO of LIC Housing Finance.

🎯 Peninsula Land :
Board meeting on April 24 to consider issuing NCD.

🎯 Idea Cellular :
Plans to start payment bank operations by June.

🎯 Henkel :
Keen to pick up 50% in Jyothy labs.

🎯 Dilip Buildcon :
To monetize old projects in HP, Gujarat, Maharashtra and MP to execute new hybrid annuity ones.

🎯 Axis Bank :
Logs 1 million micro lenders and not keen on acquiring any micro lender.

🎯 Indo Rama Synthetics :
Eyes stake in Haldia Petrochemical.

🎯 Dwarikesh, Balrampur, Simbhaoli, Mawana, Rana sugar stocks in focus - UP based sugar mills to take part in raw sugar import programme.

Edited by Sharp.
© Sharp Investment & Financial Advisers.

13th April, Morning Brief

SGX Nifty is trading at 9212 with 20 points' drop.
Nifty has immediate support at 9160. Today, Infy will be the major driver to market volatility.

President Donald Trump’s comments on the U.S. dollar sent the currency lower against its Asian counterparts, prompting a selloff in key regional equity markets early Thursday.
Nikkei was down by 212 points whereas Hang Seng was trading marginally down.
EU markets closed mix yesterday on a flat note. US markets ended negative less than half percent yesterday night.

🎯 Results today:
Infosys, Bajaj Corp, Reliance Power.

🎯 Infosys :
Revenues(₹17120Cr) less than market expectations. PAT at ₹3603 cr which is above street expectations. Board on Media at 10 am for buyback? of shares.

🎯 Heritage Foods: 
The company on Wednesday said it has completed acquisition of dairy business of Reliance Retail. “We have received approval from Competition Commission of India and completed the process of acquisition of dairy business of Reliance Retail," Heritage Foods said in a BSE filing. 

🎯 Lupin: 
Global brokerage house CLSA upgraded Lupin to ‘Buy’ from ‘Outperform’ and raised a target price to Rs 1,760 from Rs 1,650 earlier. 

🎯 Essar Shipping: 
The company on Wednesday reported a strong operational performance in its cargo handling services during 2016-17. The company’s cargo handling services during the period under review grew by 22 per cent and fleet capacity utilisation surged to 94 per cent from 80 per cent reported for 2015-16. 

🎯 Reliance Communications: 
Deutsche Bank has downgraded Reliance Communications shares to ‘Sell’ from ‘Hold’ and also cut the target price to Rs 30 from Rs 57. The global financial services firm believes that Reliance Communications competitive position has significantly weakened with Jio's entry. 

🎯 Heritage Foods: 
The company on Wednesday said it has completed acquisition of dairy business of Reliance Retail. “We have received approval from Competition Commission of India and completed the process of acquisition of dairy business of Reliance Retail," Heritage Foods said in a BSE filing. 

🎯 Lupin: 
Global brokerage house CLSA upgraded Lupin to ‘Buy’ from ‘Outperform’ and raised a target price to Rs 1,760 from Rs 1,650 earlier. 

🎯 Cipla: 
Drug firm Cipla said its subsidiary in South Africa has completed the acquisition of Anmarate (Pty) Ltd, South Africa, a deal estimated at around ZAR 26 million. 

🎯 Fortis Healthcare: 
Fortis Healthcare on Wednesday said two of its directors have resigned from the company. The two officials are Lynette Joy Hepburn Brown and Ravi Umesh Mehrotra. While Brown was the non-executive independent director, Mehrotra was holding the position of non-executive director in the company. 

🎯 Arshiya:
APFT To Acquire 6 Warehouses Of Co For Gross ₹534 Cr. APFT To Pay Co ₹434 Cr On Signing Of Definitive Agreement. Will Get Balance ₹100 Cr On Sale Over 4 Years On Achieving Milestones.

🎯 Reliance :
RIL begins commercial production of CBM gas.

🎯 Essar Shipping: The company on Wednesday reported a strong operational performance in its cargo handling services during 2016-17. The company’s cargo handling services during the period under review grew by 22 per cent and fleet capacity utilisation surged to 94 per cent from 80 per cent reported for 2015-16. 

🎯 United Bank:
Cuts Interest Rates For Deposits Up To ₹1 Cr For 1-year By 25 bps To 6.25%. Cuts Interest Rates For Deposits Over ₹1 Cr For 1-year By 25 bps To 4.5%.

🎯 JSW Steel :
llots $500 million fixed rate senior unsecured notes due on 2022

🎯 GTL Infra :
BM on 13th April conversion debt into equity under SDR.

🎯 Heritage Foods completes acquisition of dairy business of reliance retail.

🎯 Cipla :
Cipla Medpro South Africa Completes Acquisition Of Anmarate.

🎯 West Coast Paper Mills :
CARE revises ratings to A stable and A1.

🎯 Shilpi Cables :
BM on 18th April to approve conversion of 70 lk warrants.

🎯 Barak Valley Cements :
Commences commercial production from the expanded capacity.

🎯 IFCI :
Revises benchmark rate to 10.2% from 10.75%.

🎯 IOL :
Chemicals & Pharma receives approval for its product Ibuprofen, Lamotrigine, Metformin Hydrochloride.

🎯 Kamdhenu :
BM on 20th April to allot warrants on preferential /private placement basis.

🎯 Laurel Organics :
Receives approval to manufacture API.

🎯 IMT :
IMT Group selects Majesco Billing in the Cloud as their enterprise solution partner.

🎯 Quick Heal :
Partners with Rising Pune Supergiant to spread mass awareness on Internet security.

🎯 Minda Corp :
Issues commercial paper worth 25cr.

🎯 KDDL :
ICRA assigns credit rating of BBB & A3.

🎯 Bajaj Healthcare :
Government of India awards recognition to R&D Centre will help Bajaj Healthcare to take benefit of Income tax deduction

🎯 IDFC :
Alternatives to buy First solars 200mw renewable assets for 200mn$.

🎯 Mahindra Lifespace :
Launches 300cr rights issue.

🎯 Tuni Textile :
Board Approves Sale Of Un-Utilized Leasehold Property At MIDC Murbad, Thane.

🎯 Central Bank :
Board Approves Capital Raising Via Pref Issue Of Equity.

🎯 Stocks shifted to Trade to Trade segment :
Ador Multiproducts, Amarnath Securities, Ind Bank Housing, Sharp India, Solis Marketing and Viji Finance.

Edited by Sharp.
© Sharp Investment & Financial Advisers

12th April, Morning Brief

Market likely to open negative tracking SGX Nifty trading lower by 21 points at 9247.
Rising tensions over US relations with Russia and North Korea have roiled financial markets globally, forcing investors to run for cover. 
Our market might just shrug off these worries and take its own course, but this earning season may keep the market stock-specific.

Asian investor worries over Syria and North Korea sent gold and 10-year Treasury yields to their best levels since November overnight. The Nikkei was down 1.1% after earlier hitting a fresh 2017 low. This was driven by strength in the yen overnight, which often pressures local stocks.
Dow, Nasdaq & S&P closed in negative.

🎯 News & Impact 🎯

🎯 Reliance Defence and Engineering : 
The company has reduced its consolidated loss to Rs 577.22 crore for the year ended March, 2017. It had posted a loss of Rs 592.42 crore for the year ended March 31, 2016. 
EBITDA Margin At 11% Vs 7% (YoY)
Deferred Tax Credit At ₹45.6 Cr Vs ₹272.1 Cr (YoY).

🎯 Goa Carbon :
Q4 Standalone Profit At ₹5.1 Cr Vs ₹0.4 Cr (YoY).
Standalone Total Income Up 13.2% At ₹76.4 Cr Vs ₹57.5 Cr (YoY).
Standalone EBITDA Up 73.7% at ₹3.3 Cr Vs ₹1.9 Cr (YoY).
Standalone EBITDA Margin At 4.3% Vs 2.8 % (YoY)
Standalone Forex Gain ₹6.7 Cr Vs ₹0.2 Cr (YoY).
Standalone Tax Expense At ₹3.9 Cr Vs ₹0.4 Cr (YoY)

🎯 Aditya Birla Nuvo and Grasim : 
The $41-billion Aditya Birla Group on Tuesday said the shareholders of Aditya Birla Nuvo Limited (ABNL) approved the scheme of amalgamation with Grasim Ind., followed by the demerger and listing of the financial services business, in line with the NCLT order and the Sebi requirements. 

🎯 Vedanta & Cairn India :
Vedanta on Tuesday said that its merger with subsidiary energy firm Cairn India has become effective. Shareholders Of Cairn India Will Receive Interim Dividend Of ₹17.70/Share. For Each Share Held, Cairn India Shrhldrs Will Get 1 Share In Vedanta.

🎯 Reliance Industries : 
After regulator TRAI nixed its complimentary offer, Reliance Jio on Tuesday announced a new plan of 1GB 4G data daily for 3 months at Rs 309 for its Prime members but rival Airtel dubbed the offer as a case of "old wine in a new bottle". 

🎯 Tata Motors: 
TAL Manufacturing Solutions, a wholly-owned subsidiary of Tata Motors, formed a strategic partnership with Italy's RTA Motion Control Systems to source motors and drives for its BRABO robot. The deal could also help the Indian company's efforts to make inroads into the European market. 

🎯 Bharti Airtel: 
Telecom major Bharti Airtel on Tuesday filed an appeal before ASCI seeking review of the watchdog's decision that sought modification or withdrawal of the company's 'fastest network' advertisement campaign. 

🎯 ITC : 
The FMCG major is overhauling its foods portfolio to invigorate its market share in categories that have been showing signs of fatigue more than a decade after the cigarette maker challenged the dominance of most packaged food companies in the country. 

🎯 SBI : 
To promote cashless transactions, the Department of Posts has joined hands with the SBI, officials said here on Tuesday. 

🎯 SAIL : 
Employees of three SAIL plants, that the government plans to divest, went on day-long strike on Tuesday to protest against the stake sale, a trade union leader said. 

🎯 Shriram City Union Finance : 
The Reserve Bank has imposed a penalty of Rs.20 lakh on Shriram City Union Finance and Rs.5 lakh penalty on Hinduja Leyland Finance for violating fair practices code guidelines. 

🎯 Mahindra Holidays & Resorts : 
The company has acquired an additional 3.22 % stake in Finland-based Holiday Club Resorts Oy (HCR) for 2.16 million euros (over Rs 14.5 crore). 

🎯 Cyient :
Credit Suisse initiated coverage on Cyient with ‘Outperform’ rating and set a target price at Rs.625.

🎯 GM Breweries, Radico Khaitan, Pincon Spirit, United Spirits :
Chhattisgarh CM Says, Will Implement Liquor Prohibition In The State Soon.
To Implement Prohibition In Villages With Population Over 3,000.

🎯 Torrent Pharma :
Executes certain agreements to acquire healthcare portfolio of Novartis.

🎯 Wipro :
Completes acquisition of Infoserver.

🎯 Container Corporation of India :
Signs MOU with Container co. of Bangladesh for introduction of container trains between Bangladesh and India.

🎯 IDBI Bank :
Says Nationwide strike by Employees on April 12th.

🎯 Neuland Labs :
CARE revises rating to BBB and A3.

🎯 Swan Energy :
Allots 2.3cr shares at Rs.195 to 2i capital PCC.

🎯 Binny :
CARE revises rating to BB-

🎯 Cera Sanitaryware :
Issues 30cr worth commercial Paper.

Sukhjit starch and Chemicals :
Co's capex of Rs.125cr for Food Park.

🎯 Dredging Corporation :
Says 1 day strike by crew & petty officers in protest of rumors on sales of DCI.

🎯 Cybertech Systems :
Enters into an agreement with P R Newswire group for distribution of news

🎯 Winsome Textile :
Hydro Electric Power Project at Dharamshala synchronized with grid.

🎯 NBCC India :
Updates regarding Hindustan Steelworks Construction Ltd.

Edited by Sharp Investment & Financial Advisers.
© Sharp Investment & Financial Advisers

11th April, Morning Brief

Asian markets are trading in negative. Hang Seng down by 187 points & Nikkei by 107 points. SGX Nifty trading 20 points lower at 9190 indicating weak start to our markets.
Nifty Fut has support at 9190 and 9100 levels.

🎯 News & Impact 🎯

🎯 ITC: 
Diversified ITC is expanding its juice portfolio with an aim to garner around 20 per cent market share in five years in the packaged fruit juice segment, currently estimated to be around Rs 2,500-crore. 

🎯 Vedanta: Runaya Metsource, a company promoted by Vedanta Ltd Chairman Navin Agarwal's son Naivedya Agarwal, has signed an agreement with Russian aluminium firm UC Rusal for a 50:50 joint venture in India. 

🎯 Reliance Defence and Engineering: 
The company will announce its financial results for the quarter ended March 31, 2016 on Tuesday later in the day. 

🎯 Unitech: 
A local court on Monday granted interim bail to real estate company Unitech's Managing Directors Sanjay Chandra and Ajay Chandra for three months. 

🎯 Reliance Industries:
Reliance Jio Infocomm has promised to come out with “exciting” tariff packs to attract new subscribers and to hold on to its 72 million-plus Prime members, signalling sustained price war in the mobile industry and further pressure on financials of incumbent carriers. 

🎯 Archies Ltd: 
Smallcaps czar Porinju Veliyath-led Equity Intelligence India bought 4,00,000 shares of Archies Ltd on April 10 at Rs 29.15 a share. 

🎯 Suzlon: 
Wind turbine manufacturer Suzlon Group on Monday said it has bagged an order of 50.4 MW to supply 24 units of its S111 turbines of 120 meters from a power producer for its project in Karnataka. 

🎯 Majesco: 
The company announced that a tier two specialty insurer renewed its application management services agreement with Majesco for three years to support a number of key operational systems. The insurer is focused on specialty related insurance in the US. The agreement will provide the insurer end to end support of some of their key operational systems for three years. The application management services are part of Majesco's ADM services. The insurer has been a long-term strategic client of Majesco. 

🎯 Indiabulls Ventures: 
Indiabulls Ventures said it has allotted an aggregate of 3.36 crore fully paid up equity shares to promoter group entities of the company, upon exercise/conversion of equivalent number of warrants. 

🎯 Hindustan Composites:
The company said its board at a meeting held on April 10, 2017, considered a proposal for 2-for-1 stock split. The board decided to seek shareholders' approval through postal ballot process for the stock split proposal. 

🎯 Capital First: 
Capital First said the meeting of the debenture committee of the board of directors of the company will be held on Thursday, April 13, 2017, to consider the private placement of rated, listed, secured/unsecured/perpetual, redeemable, non-convertible securities in the nature of debentures to be listed on the debt market segment of National Stock Exchange of India. 

🎯 Rodington (India): 
The company on Monday announced that its overseas step down subsidiary, Arena Bilgisayar Sanayi Ve Ticaret AS sold its entire holding of 51 per cent in its subsidiary, Adeo Bilisim Danismanlik Hizmetleri San ve Tic AS, Turkey, for $1.65 million. 

🎯 Cadilahc :
Subsidiary Zydus gets US FDA nod for Duloxetine Capsules (used to treat depression & generalised anxiety disorder)

🎯 Sobha Developers :
Deputy MD Ramakrishnan P steps down citing personal reasons.

🎯 HDFC Bank : 
Board meeting on April 21 to raise Rs 50,000 crore by issuing perpetual debt instruments

🎯 Pincon Spirits :
Says Madhya Pradesh liquor ban will not affect the company

🎯 Aarti Industries :
To set up innovation complex at Jhagadia, Gujarat spread over 50,000 square feet.

Edited by Sharp.
© Sharp Investment & Financial Advisers

10th April Morning Brief

Following SGX Nifty, Indian market will open flat to positive.

Asian markets across Japan, Korea and Australia were trading mixed in early morning trade as geopolitical risks rose and investors flocked to risk-free assets after US Secretary of State Rex Tillerson warned the strikes in Syria were a warning to other nations, including North Korea.
👉🏻 US stocks ended lower as investors grappled with a weaker-than-expected job report, and escalating geopolitical tensions. Later according to a news report released on Friday, Russian warship headed Friday to the area in the eastern Mediterranean where the two US Navy destroyers that launched 59 cruise missiles into Syria were stationed. These situations may add more uncertainty and pessimism.

👉🏻 All eyes are set on the corporate earnings season, which will commence next week. IT major Infy is scheduled to announce its Q4 earnings on Thursday, April 13.

👉🏻 The industrial output data, IIP for February is scheduled to be released on Wednesday, April 12 after market hours. Industrial production bounced back in January expanding by 2.7 % year-on-year mainly due to better performance by the capital goods segment, a barometer of investment activities. 

👉🏻 The government will also announce monthly inflation data based on consumer price index (CPI) for March 2017 on Wednesday. The all-India general CPI inflation increased to 3.65 per cent in February 2017, compared to 3.17 per cent in January 2017.

👉🏻 Oil traded to an almost one-month high after a US missile strike on a Syrian airbase. 

🎯 News & Impact 🎯

🎯 Maruti Suzuki :
Annual Production Figures at 1,53,868- Mar17 vs 1,39,516 -Mar16. 👍
Maruti Suzuzki shifting to safer vehicles , plans to consolidate more models.

🎯 Prakash Industries :
Q4 Production Up 16.7% at 1.7 Lk T, Sales Up 19.5% At 1.69 Lk T (YoY). FY17 Production Up 13.4% At 6.15 Lk T, Sales Up 14.9% At 6.10 Lk T (YoY). 👍

🎯 Religare Enterprises:
The company on Sunday announced it will sell its entire 80 per cent stake in Religare Health Insurance to a consortium of investors led by private equity fund True North Managers for an estimated Rs 1,040 crore. Positive for the stock. 👍

🎯 Neuland Laboratories :
Co. said the US health regulator has made two observations at its manufacturing facility in Hyderabad. 

🎯 NTPC & REC:
State-run NTPC Ltd. and Rural Electrification Corp. Ltd. will raise about $1 billion through bonds in the UK this fiscal year ending March 2018, power minister Piyush Goyal said on Friday. 👍

🎯 RCom :
The company is learnt to have sacked nearly 380 employees for below-par performance, and 260 more are seen to be in the line of fire.
👉🏻ICRA revises ratings to BBB and A3.

🎯 NLC India - GMR :
NLC shortlists GMR, Ind-Barath power projects for acquisition. Shortlisted projects are GMR Groups 1,370MW coal power project in Chhattisgarh. Positive for GMR. 👍

🎯 L&T :
Appoints AM Naik As Non-executive Chairman For 3 Years From Oct 1. And Appoints SN Subrahmanyan As CEO & MD From July 1.

🎯 Cosmo Films :
Co. setting up factory for Specialized Polyester Film at Aurangabad with capacity of 36,000 MT per year, With investment of 250cr.
Approves Setting New Production Line For Specialized Polyester Films. New Line With Capacity Of 36,000 mt/year Will Need Investment Of ₹250 Cr. 👍

🎯 NSE New Listings -
Poddar Housing, Anjani Portland Cement.

🎯 Corporation Bank :
Crisil withdraws rating on Certificate of Deposit Programme.

🎯 Divis Labs :
US FDA exempts some more products manufactured at Unit-II, Visakhapatnam from Import Alert. 👍

🎯 Madhucon projects :
Receives LOA valued at Rs.173cr, Rs. 317cr and 166cr on EPC mode.

🎯 Apollo Tyres :
Commences Production at manufacturing facility in Hungary. 👍

🎯 Kotak Mahindra Bank :
Kotak Infrastructure Debt Fund gets RBI approval for NBFC. Positive for the stock. 👍

🎯 Speciality Restaurants :
Opens new 'Gong-Modern Asian ' restaurant at Pune.

🎯 Iran set to cut benefits on Oil sales to India's IOC, MRPL. Negative for OMCs.

🎯 Cairn India :
Gets fresh demand notice of ₹10247 from tax department.

🎯 Central Bank:
To Consider Entire IPDI Capital Of ₹583 Cr Held By Govt To Equity On Apr 12.

🎯  NMDC :
Total Production Up To March 31 At 34.03 mt, Sales At 35.62 MT.

🎯 Syndicate BANK :
Cuts Base Rate By 10 bps To 9.5%, Keeps MCLR & BPLR Unchanged From April 10.

🎯 Brigade :
Brigade Group announces launch of Brigade Buena Vista.

🎯 Bank Of Maharashtra :
Sets Overnight MCLR At 8.55%, 1-year At 8.75% From April 7.

🎯 Shankara Building :
Nominee Director Siddhartha Mundra Has Resigned w.e.f April 7.

🎯 Strides Shasun :
Achieves closure of Perrigo's US FDA approved API facility in India. 👍

🎯 Indiabulls Ventures :
Preferential issue of 3.8cr shares at Rs.58 to Cinnamon Capital.

🎯 Satin Credit Care :
Issues 6.58 lk warrants to Promoter at 455/share and 15 lk preference shares to ADB at 416/share.

🎯 Anshus Clothing :
BM on 21st April to wind up operations.

🎯 Seamec :
Completes contractual engagement.

🎯 Indo Rama Synthetics :
CEO retires

🎯 Sobha :
Promoter sells 4,000,000 shares.

🎯 NIIT :
CEO Rahul Keshav resigns.

🎯 Gopala Polyplast :
Allots 5,00,000 warrants at Rs.60 to non-promoters.

🎯 Bhushan Steel :
Gets S4a ready , submits final proposal to banks.

Edited by Sharp.
© Sharp Investment & Financial Advisers

Nifty Outlook

🎯 Must understand -

Before understanding why this bimonthly monetary policy is beneficial for PSU Banks and indirectly to the economy let's understand the simple meaning of REVERSE REPO..

Reverse Repo rate is the short term borrowing rate at which RBI borrows money from banks. The Reserve bank uses this tool when it feels there is too much money floating in the banking system. An increase in the reverse repo rate means that the banks will get a higher rate of interest from RBI.

Reverse repo is a monetary policy instrument which is used to control money supply in the system. The decision will decrease money supply, which will further help control inflation. 

RBI also permitted Banks to invest in REIT’s and InvIT’s and though further clarity is sought on the mechanism in which this shall be adopted, it can still be sentimentally positive for listed realty and infrastructure players.

Nifty Outlook :

Nifty  started to form lower highs from last two sessions and making a bearish candle on the daily chart. It has broken immediate support of 9220 as mentioned in the Morning Brief of 6th April. and now a hold below 9140 may drag it towards 9090 and 9020 levels. On the upside, Nifty has seen immediate resistance near to 9280 - 9290 zone.
        Call writing at 9300 strike price, kept pressure at higher levels. Option data suggest Put writing at 9000-9100 strike prices. So, Option Indicative band is at 9000-9500. India VIX trades near 11.50(near the lower band). Amidst geopolitical concern and onset of result season implied Volatility could see acceleration in coming weeks.
       Below 9090, is the zone to re-enter into the market those expecting the massive bull run ahead in coming years.

© Sharp Investment & Financial Advisers

7th April, Morning Brief

SGX Nifty trading 40 points lower than previous closing at around 9226. So market expected to open negatively.

In Nifty Apr Fut, 6.91 lakh shares shed  in open interest. This showed caution at current levels. Pattern analysis depicted an overstretched picture. Even when the undercurrent remained strong, the Nifty remained overstretched at current levels. An upward move, in this manner, can make the market a little unhealthy even if the primary trend is not broken. 
The present strength is all set to take the market higher, but to make it safe and healthy at higher levels and to make it less unsafe for profit taking, it is necessary that the market consolidates a bit. Corrective activity seems imminent. It may not be in the form of a major downside, but can occur in the form of rangebound consolidation. 

🎯 News & Impact 🎯

🎯 Unitech :
Trial court dismisses bail plea of Unitech promoters. Trial court remands Unitech promoters to judicial custody till April 20.

🎯 Idea :
Launches data Jackpot, offers upto 10GB data per month for first 3 months. New data offer can be availed by postpaid users via Idea App for Rs.100.

🎯 Galaxy Entertainment :
Enters pact to supply bakery products at retail & corporate accounts of Birdys.
Company to extend operations to supply bakery items to 'Big Bazzar' outlets in Mumbai. New initiative expected to generate Rs. 25 crore per year revenue.

🎯 Dynamatic Technologies :
Signs cooperation agreement with Israels Magal Security Systems. Cooperation pact with Magal to pursue integrated security projects in India.

🎯 Biocon :
Mylan gets US FDA nod for Granisetron hydrochloride injection (used to prevent nausea caused by chemotherapy, radiation).

🎯 Aditya Birla Money :
Circuit filter revised to 10%.

🎯 Vardhaman Special Steel :
Ex-date for rights issue.

🎯 NSE listing - Nagarjuna Agrichem.

🎯 Avenue Supermarkets :
CRISIL upgrades rating from AA- to AA.

🎯 Setco Auto :
CARE reaffirms rating of BBB and A3

🎯 Central Bank :
CARE upgrades rating from AA- to A and from A to A.

🎯 Gokak Textiles :
ICRA revises rating to B and A4

🎯 Deepak Fertilizers :
Subsidiary to acquire majority stake in Performance Chemiserve

🎯 Indian Bank :
Fixed MCLR from 8.15% to 8.9% across various tenors.

🎯 Karur Vysya Bank :
Fixed MCLR from 9.1% to 9.5% across various tenors.

🎯 SML Isuzu : 
Left with inventory of approximately 1800 BS-III vehicles.

🎯 GE Power : 
Gets order worth Rs.237.6 crore to supply CFB boiler and electrostatic precipitator components.

🎯 KDDL : 
Unit Ethos enters into strategic partnership with Nomos Glashutte & Oris SA.

🎯 Gammon Infra : 
Acquired additional 24 percent stake in Indira Container Terminal.

🎯 Avantel :
Approved sale of tangible assets for Rs.18 crore.

🎯 Palred Technologies :
Board meeting on April 11 to consider investment in subsidiaries.

🎯 Cipla :
In global pact with US company for muscle relaxant

🎯 HUL :
To slash up to 15 % jobs.

🎯 Edelweiss :
Arm along with other lenders have dragged Murli Industries to NCLT.

🎯 Voltas : 
Eyes Videocon's home appliances brand Kenstar.

🎯 MEP Infra :
To launch Rs 1,200 crore InViT this month.

🎯 DCB Bank :
Raise Rs 400 crore via QIP.

🎯 SMS Pharma :
Increased investment in VKT Pharma, shareholding now at 41.08 percent

🎯 RBL Bank :
Opens IFSC banking unit at GIFT City.

Edited by Sharp.
© Sharp Investment & Financial Advisers

6th April, Morning Brief

Nifty may open in a negative note tracking SGX Nifty, down by 40 points.
All eyes will be on the outcome of the monetary policy committee decision on key interest rates which will be out later today during market hours.
Nifty has support at 9220 & 9090.

🎯 News & Impact🎯

🎯 US Fed minutes signaled tightening:

The Federal Reserve Board and the (FOMC) Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on March 14-15, 2017. The minutes released indicated that the Fed voted 9-1 to raise interest rates and also showed that the rate-setting committee had a broad discussion about whether to phase out or halt reinvestments all at once.

🎯 UK Visa Restrictions -
After losing their prospects of working in the US, Indian software professionals, at least 30,000 of them, will be impacted by the UK governments move to impose restrictions on work visas, including discontinuing the short-term visa category, said a media report.
Negative for

🎯 The rupee on Wednesday hit a fresh 17-month peak of 64.87 by gaining 16 paise against the dollar on heavy selling of the American currency by banks and exporters.
Negative for export companies' stocks.

🎯 Tata Motors :
March auto sales-

-JLR UK sales up 34.4 percent at 32,105 versus 23,893 units (YoY) 👍🏻

-Jaguar UK sales up 69.1 percent at 9,571 versus 5,659 units (YoY) 👍🏻

-Land Rover UK sales up 23.6 percent at 22,534 versus 18,234 units (YoY) 👍🏻

🎯 Bharat Forge :
March Class 8 truck sales in North America up 41% at 22,800 units YoY.

🎯 Force Motors :
March production at 3209 units, domestic sales at 4129 units, export sales at 233 units. 👍

🎯 Sun Pharma :
Subsidiary Taro gets US FDA nod for Tazarotene cream (used to treat plaque psoriasis in adults). 👍

🎯 Millitoons Entertainment :
to list bonus shares.

🎯 SBI :
SBI Associates to list shares post amalgamation.

🎯 SKF India's
ex-date for buy back eligibility.

🎯 Ansal Housing:
India Ratings & Research downgrades to non-cooperating category. 👎🏻

🎯 Jindal Steel & Power (JSPL) :
Records highest ever production & sales in FY17. 👍

🎯 Edelweiss Financial :
Subsidiary entered into special purchase agreement for acquiring 100 % stake in Alternative Investment Market Advisors.

🎯 Capital First :
Issued non-convertible debentures (NCDs) worth Rs.500 cr.

🎯 Reliance Defence :
Board meeting on April 11 to consider rights issue up to Rs. 1,200 cr. 👍

🎯 Power Grid :
Entered into loan agreement with Asian Development Bank for USD 225 million. 👍

🎯 Brahmaputra Infra :
Gets order worth Rs 44.8 crore from Government of Assam. 👍

🎯 IndusInd Bank proposal to issue NCDs worth Rs.1,000 cr. 👍

🎯 M&M :
Launched JIVO a new small tractor platform.

🎯 Bank of India :
Shareholder meeting on May 4 for approval of issue of shares to Government of India. 👍

🎯 Gallantt Ispat :
UP government may acquire land from Gallantt Ispat for metro project. 👎🏻

🎯 Repco :
Board meering on April 11 to consider issue of NCDs worth Rs 227 crores. 👍

🎯 Adani Power :
Adani's coal mine project in Australia granted water license.

🎯 MCX :
India's largest commodity bourse, will conduct a forensic audit of its trading systems following allegations of unfair trading access. MCX is the second exchange after the National Stock Exchange (NSE) to see a forensic audit of its trading systems due to allegations of preferential access to brokers. 

🎯 The Phoenix Mills: 
Canada Pension Plan Investment Board (CPPIB) and The Phoenix Mills Ltd. on Wednesday announced participation in a strategic investment platform, Island Star Mall Developers, to develop, own and operate retail-led mixed-use developments across India. 👍

🎯 Coal India: 
Coal India is actively looking to acquire coking coal assets in Australia, a senior company official told Reuters, as the country looks to beef up its foreign coal assets. 

🎯 Vedanta :
Cairn-Vedanta merger may be completed in next 1-2 weeks with RBI approval.
Possibility of reverse merging Hindustan Zinc with Vedanta to create large conglomerate. 👍🏻

🎯 Wonderla Holidays : 
The company is looking to expand its operations beyond southern states to Maharashtra, Goa and Gujarat. “After successfully establishing ourselves in three locations in South India and another one proposed in the fourth state, we are now exploring the prospects in the western part of the country,” said Arun K Chittilappilly, managing director of the company. 

🎯 Mahindra & Mahindra : 
Despite the not-so-encouraging initial forecasts about the monsoons, tractor major Mahindra & Mahindra on Wednesday sounded confident of maintaining last year's sales momentum and grow in double-digits. 👍

5th April Morning Brief

Status of SGX nifty indicate a flat opening of our markets. Let us keep our fingers crossed for sensex to cross 30000 mark.
Nifty may hesitate to sustain over new high as many investors feared it is near over bought zone.

🎯 News & Impact 🎯

🎯 ONGC: Oil & gas explorer ONGC is planning to invest over $3 billion in the Farzad-Bnatural gas block in Iran, according to reports. The proposed investment will be driven through a consortium of state-run oil companies led by its overseas arm ONGC Videsh (OVL). The statement comes amidst media reports that government is threatening to massively reduce crude intake from Iran as Tehran delays clearing the investment plan in the block. 👍

🎯 Shankara Building: 
Shares of the recently concluded Rs. 350-crore initial public offer (IPO) of Shankara Building Products are going to list on bourses on Wednesday, April 5. 

🎯 TVS Motor: 
Chennai-based company on Monday post market hours reported a 10.24 per cent increase in total sales at 2,56,341 units in March this year. The company had sold 2,32,517 units in the same month last year, TVS Motor Co said in a statement. 👍

🎯 ICICI Bank and Axis Bank: 
ICICI Bank and Axisbank sold Rs 1,800 crore of loans to paper maker Ballarpur Industries to Edelweiss Asset Reconstruction Company, said two people familiar with the matter. Bankers said this is possibly the first instance of a potential bad loan being sold off. 👍

🎯 Unitech: 
Realty developer Unitech on Monday said the managing directors of the company, Sanjay and Ajay Chandra, have committed no fraud with any investor and the delay in project delivery is due to reasons beyond the control of the company and recession. 

🎯 Adani Ports: 
Adani Ports and Special Economic Zone Ltd (APSEZ) Monday said it will begin a feasibility study on building a green field container port mainly at Carey Island, Malaysia. The port, to be located about 50 kms southwest of capital Kuala Lumpur, would be an extension of the existing Port Klang. 

🎯 Coal India: 
Co. hopes that with national electricity generation rising by 4.7 % and prediction of early summer there would be higher coal demand. 

🎯 Titan: 
Consumer sentiment as well as demand scenario have recovered “quite significantly” in the January-March quarter, says Tata group firm Titan. The company has witnessed sales traction during the period across all divisions, including jewellery, watches and eyewear, and is expecting a good year ahead. 👎🏻

🎯 Dr Reddy's Laboratories: 
Drug firm Dr Reddy on Tuesday said the US health regulator has issued two observations after inspection of its manufacturing plant at Srikakulam. 👎🏻

🎯 Sobha Ltd: 
Realty firm Sobha on Tuesday reported 6.21 per cent fall in its sales bookings last fiscal at Rs 2,012.40 crore due to slowdown in property market. 👎🏻

🎯 Cyient: 
The company on Tuesday announced that it is collaborating with Amdocs to implement GE’s Geographical System (GIS), Smallworld, as part of the Next-Generation Business/Operations Support System (NGBOSS) project for NetLink Trust. 

🎯 Hero MotoCorp: 
Country's largest two-wheeler maker on Monday reported a marginal increase in sales at 6,09,951 units in March. The company had sold 6,06,542 units in March 2016, Hero MotoCorp said in a statement. 

🎯 Reliance Capital: 
The company on Monday informed bourses that a meeting of the Board of Directors of the company will be held on Friday to consider and approve raising of limits for issue of non-convertible debentures on private placement basis. 

🎯 Marico: 
FMCG firm Marico expects to grow in double digits for the next 4-5 years and is keeping options open for acquisitions in India and overseas markets to realise its ambitions. 👍

🎯 Bajaj Finance: 
The company has slashed the minimum investment criteria by more than two thirds to Rs.25,000 from Rs.75,000 to position itself as mass market player.

Edited by Sharp
© Sharp Investment & Financial Advisers

3rd April 2017, Morning Brief

SGX Nifty was trading 17 points, up at 9,215, indicating a positive start for NSE Nifty supported by Asian indices which are up marginally in the morning trades.

🎯 News & IMPACT 🎯

Auto sales

🎯 M&M March sales up 6% at 56031 vs 52718 units YOY

🎯 Eicher Motors March Enfield sales up 17% at 60113 vs 51320 units YoY

🎯 Tata Motors March sales up 8% at 57145 vs 53057 units YoY

🎯 SML Isuzu March sales up 26.4% at 2094 vs 1656 units YoY

🎯 Maruti March sales up 9.8% at 15.68lk vs 14.44lk units YoY.

🎯 Unitech: Unitech Ltd promoters Ajay Chandra and Sanjay Chandra were sent to police custody on Saturday till April 3 by a Delhi court in an alleged fraud case related to a Gurugram-based real estate project. 

🎯 JSW Steel:
Implements Reorganisation Plan To Reduce Cap Reduction At Netherlands Co. Have Taken Steps To Write-off Loans Given To US Holding Co. Reorganisation Plan Entails Liquidation Of US Holding Co.

🎯 United Spirits: Liquor major United spirits has said over 500 employees have lost jobs due to shutting down of four bottling facilities in Bihar after alcohol prohibition in the state. 

🎯 Infosys: The IT major on Sunday said its shareholders have approved the proposal to adopt a new Articles of Association (AoA), bringing in provisions for buyback of shares and appointment of independent directors. 

🎯 State Bank of India: Five associates and the Bharatiya Mahila Bank became part of the State Bank of India (SBI) on April 1, catapulting the country's largest lender to among the top 50 banks in the world.

🎯 Cipla :
Said its arm Medpro South Africa (Pty) Limited has signed an agreement to acquire 100 per cent stake in Anmarate (Pty) Limited, South Africa, for around ZAR 26 million. 

🎯 Karnataka Bank: The city-based Karnataka Bank is targeting a business turnover of Rs 1,10,000 crore in 2017-18 fiscal. It was eyeing deposits of Rs 64,500 crore and advances of Rs 45,500 crore, a top bank official said here yesterday. 

🎯 Indoco Remedies:
Gets Warning Letter From US FDA For Goa Unit. US FDA Accepted Our Response To 4 Observations But Concerned About 2 Observations That US FDA Concerned About Pertain To 1 Specific Product.
Co Is A Contract Manufacturer For The Product That US FDA Is Concerned About. US FDA Issues Observations For Inspections From Aug 31-Sep 4, 2016

🎯 Hero MotoCorp :
Has Liquidated Large Part Of BS-III Inventory. Hero MotoCorp Says:
In Past 2 Days, Taken Tactical Steps To Help Dealers, Incentivise Customers.
Would Have Sold Almost All BS-III Inventory.

🎯 Eicher Motors: 
The makers of the Bullet range of bikes said has it sold 60,113 motorcycles last month as against 51,320 units sold in March 2016. 

🎯 Mahindra & Mahindra: 
The co reported 6 per cent rise in total sales to 56,031 units in March as against 52,718 units sold in the same month last year. 

🎯 NLC India: 
The state-owned NLC India (Neyveli Lignite Corporation) has recorded a 17.8 per cent growth in net profit at Rs 852.35 crore for the first three quarters to December 2016. The Tamil Nadu-based company had registered a net profit of Rs 723.82 crore during in the year ago period, the company said in a filing to the BSE. 

🎯 Cabinet Approves Amendments To Mega Power Policy, 2009. Mega Power Policy: Cabinet Okays Extension Of Time Period For Furnishing Final Tax Certificates. Cabinet Approves Amendments To Motor Vehicles Act.

🎯 Oil India :
Ex date for buy back eligibility.

🎯 Indraprastha Gas :
Six lakh series for special bargain will be activated wef April 3, 2017 related to investment by FIIs/RFPIs under PIS.

🎯 Aviation stocks: Shares of Jet airways, InterGlobe Aviation and Spicejet will remain in focus after price of jet fuel or ATF was cut by Rs 2,811.38 per kilolitre, or 5.1 per cent, to Rs 51,428 per kl with effect from April 1. 

🎯 IL&FS Transportation Networks: 
Prime Minister on Sunday inaugurated the country's longest road tunnel that links Kashmir Valley with Jammu by an all-weather route and reduces the distance by 31 kms. The 9-km long 'Chenani-Nashri Tunnel', built at the cost of Rs 2,500 crore, was dedicated to the nation by the Prime Minister in presence of Jammu and Kashmir Governor N N Vohra and Chief Minister Mehbooba Mufti. The said tunnel is developed by IL&FS Transportation Networks Ltd. 

🎯 Ujaas Energy :
CRISIL assigns rating of CRISIL A- and CRISIL A2.

🎯 Advanced Enzymes :
CRISIL assigns rating of CRISIL A.

🎯 Godfrey Phillips :
In talks to sell marketing and distribution units to global companies, says ruchir modi.

🎯 Dabur :
Group's health firm raises 250cr from quadria.

🎯 ABFRL :
Looks to buy significant stake in apparel co. bestseller A/s in India.

🎯 GMR :
Dehi daedevils looks to breakeven in FY17.

🎯 Coal India :
To go for a facelift and position itslef as a tech driven clean products company.

🎯 Mumbai NCLT approved arrangement between Gammon India & Gammon Engineers & Contractors.

🎯 Karnataka Bank :
Revised MCLR starting from 8.9% to 8.4%.

🎯 Magma Fincorp :
Completed sale of NPA worth Rs.594cr on standalone basis and Rs. 679cr on consolidated basis.

🎯 Vikas EcoTech's
Polypropylene manufacturing plant in Rajasthan destroyed by fire.

🎯 Bhageria Industries :
Commissioned Solar Power Plant in Maharashtra.

🎯 Sarda Energy :
Started generation of power at Chhattisgarh plant.

🎯 MOIL :
Decreased price by 10% to 15% on various grades wef 1 Apr 2017.

🎯 Salzer Electronics :
To withdraw merger of Salzer Magnet Wires with self.

🎯 Tata Steel :
Q4 sales down 14.4% at 2719 vs 3177 tonnes YoY.

🎯 OBC :
Revised base rate from 9.65% to 9.5% wef 3 APR.

🎯 NTPC :
Commissioned Unit#6 of 500 MW of Feroze Gandhi Unchahar Thermal Power Station.

🎯 Shriram Transport Finance :
Company BM on 30 April to consider raising of funds through various options.

🎯 BEL :
2016-2017 Top line growth of 17% at Rs. 8800cr vs Rs. 7522cr YoY.

🎯 Yes Bank :
Finalized allotment of $750mn for QIP.

🎯 Cipla :
To acquire 100% stake in Anmarate for ZAR26.25mn.

🎯 Future Lifestyle :
Completed value unlocking in Lee Cooper biz through Rs.250cr fund raising.

🎯 IIFL Holdings :
Infused additional Rs.160cr capital in IIFL Holdings and Rs.50cr in Samasta Microfinance.

🎯 Nila Infra :
Gets order worth Rs.131.67cr.

🎯 Everest Kanto :
Entered into asset purchase agreement to sell company land, building & electric installations for $29mn.

🎯 Vista Pharma :
Approved issue of 15.71lk shares to promoters at Rs24.05 per share.

🎯 MOSL :
To acquire 9.07% stake in MAS for Rs338.31cr before 30 Apr.

🎯 Henkel :
Requests to extend time up to 31 Oct 2017 to acquire 26% capital of Jyothy Labs.

🎯 JSW Steel :
To reduce capital in Netherlands Co & to liquidate JSW Steel Holding (USA).

🎯 Udaipur Cement :
Commercial production started at Udaipur.

🎯 RBI: FII Limit In IGL Hits Overall Limit Of 24%; No Further Purchases Allowed.

🎯 Allahabad Bank:
Govt Remits ₹418 Cr Till Further Notice.

🎯 YES BANK :
Says Raised ₹4,906.65 Cr Via QIP.

🎯 Oriental Bank:
Cuts Base Rate By 15 bps To 9.50% w.e.f April 3

🎯 PVR:
Opens Multiplex In Pune In City One Mall, Pimpri.

🎯 SBI :
Cuts Base Rate By 15 bps To 9.1% w.e.f April 1.

🎯 Elecon Engineering :
Wins Order Worth ₹130 Cr From Ramagundam  completed sale of NPA worth Rs.594cr on standalone basis and Rs.679cr on consolidated basis.

Edited by Sharp.
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