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.
© Sharp Investment & Financial Advisers
No comments:
Post a Comment