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
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