1st June, Morning Brief

India's GDP growth in 2016-17 is slowest in two years. It was 8 per cent in 2015-16 and 7.5 per cent in the previous year. 
Market may react over the lower GDP and in order to get the upward moves healthy and sustainable, some minor corrective action looks imminent and long overdue. 
9350 will be the support to re-enter into the rally if you are sitting on cash.

Market may open in red tracking SGX Nifty today.

🎯 News & Impact 🎯

🎯 Aurobindo & Glenmark :
USFDA approves first generic version of Strattera (atomoxetine) to treat attention-deficit/hyperactivity disorder (ADHD) in pediatric and adult patients.
Positive for the stock. 👍

🎯 Lanco, Bajaj Energy, Welspun Energy, Parikh Aluminax, Unitech Machines, Creative Thermolyte :
UP government cancels power purchase agreements of 7 power projects of 7,040 MW capacity.
Negative for the stocks. 👎

🎯 Rcom :
Capital International sold entire stake in Rcom via block deal on Wednesday.
Negative for the stock. 👎

🎯 Dr Reddy's Lab :
Dr Reddy gets US FDA nod for Bivalirudin injectable (a specific & reversible direct thrombin inhibitor).
Positive for the stock. 👍

🎯 MOIL :
MOIL increases prices by 10 percent across categories.
Positive for the stock. 👍

🎯 Jet Airways, InterGlobe Aviation, Spicejet :
Jet fuel prices cut by (3.8 percent) Rs 1,981/kl in Delhi.
Positive for the stocks. 👍

🎯 Kolte Patil Developers :
Kolte Patil completes Phase I of its Three Jewels' project in Pune in 36 months.
Positive for the stock. 👍

🎯 Bharat Gears :
Bharat gears considered and approved the proposal to avail a term loan of Rs 110 crore from KKR India Financial Services.

🎯 RK Forgings :
The company to raise funds through QIP for an amount not exceeding Rs 200 crore.

🎯 JK Paper :
JK Paper to consider allotment of equity shares of the company consequent to conversion notices received from one of the foreign currency convertible bonds (FCCBs) holder.

🎯 Pfizer :
The company entered into an acquisition agreement with AstraZeneca AB, Sweden to which the brand 'Neksium' is being acquired by the company in India for a consideration of Rs 75 crore.
Positive for the stock. 👍

🎯 Future Market Network :
The co has executed a share purchase agreement with IL&FS Township and Urban Assets (ITUAL) to acquire 50 percent equity share capital.

🎯 HDIL, Oberoi Realty, Godrej Properties :
Realty buyers in Maharashtra to now pay VAT on staggered payments.
Negative for the stocks. 👎

🎯 IOC :
IOC and partners in talks to buy stake in Russias Van kor

🎯 Abirla Fashions :
ABFL to cut price points, to focus on value chain.

🎯 Hindalco :
Hindalco to set up aluminium plant for defence sector.

🎯 Tata Group :
Tata Sons Chairman Natarajan Chandrasekaran kicks off divestent plan.

🎯 SBI :
SBI keeps interest rates under MCLR Unchanged.

🎯 Vedanta :
Vedl gets environment nod for Rs 3,240 crore Ravva field expansion.
Positive for the stock. 👍

Edited by Sharp.
© Sharp Investment & Financial Advisers

31st May, Morning Brief

Yesterday, market made another lifetime high and closed at 9624.55 and if the momentum continues, Nifty May hit 9900. But we can't ignore profit bookings on every rise which will make the market dicey.
Today, markets are likely to open on a flat note tracking SGX Nifty.

🎯 News & Impact 🎯

The government will unveil GDP figures for the quarter ended on May 31, post market hours.

RBI calls for account number portability
Customers may soon get to seamlessly switch to another bank with the same account number without losing any transaction details such as credit/debit history all thanks to a push from Reserve Bank of India.
Private banks will be benefitted.

Results Updates :

🎯 Tata Global Beverages :
Cons Net Profit At Rs.84.36 Cr Vs Loss Of Rs.249.6 Cr (YoY).
Cons Total Income 4.7% At Rs. 1,674.26 Cr Vs Rs.1598.35 Cr (YoY).
Positive for the stock. 👍

🎯 MOIL :
Net Profit At Rs.115.8 Cr Vs Rs.21.3 Cr (YoY).
Revenue Up 19.8% At Rs.252.7 Cr Vs Rs.211 Cr (YoY).
Positive for the stock. 👍

🎯 IRB Infra :
Net Profit Up 31.7% At Rs.207.2 Cr Vs Rs. 157.3 Cr (YoY).
Revenue Up 5.9% At Rs.1,627.1 Cr Vs Rs. 1,536.6 Cr (YoY).
Positive for the stock. 👍

🎯 SAIL :
Net Loss At Rs.771 Cr Vs Loss Of Rs. 1,184.6 Cr (YoY).
Revenue At Rs.14,234.2 Cr Vs Rs. 12,761.5 Cr (YoY).
Positive for the stock. 👍

🎯 Jet Airways :
Net Profit At Rs.36.8 Cr Vs Rs.397.16 Cr (YoY).
Revenue 3.1% At Rs.5449.13 Cr Vs Rs. 5285.6 Cr (YoY).
Negative for the stock. 👎

🎯 United Spirits :
Net Loss At Rs.104.2 Cr Vs Profit Of Rs. 1.4 Cr (YoY).
Total Income at Rs.6,485.2 Cr Vs Rs. 5,937.3 Cr (YoY).
Negative for the stock. 👎

🎯 Reliance Communications :
Moody's Investors Service has downgraded Reliance Communications' corporate family rating and senior secured bond rating on account of weak performance and "fragile" liquidity position. 
Negative for the stock. 👎

🎯 Berger Paints :
The company has approved purchase of 1,03,03,580 equity shares of Saboo Hesse Wood Coatings.

🎯 OBC :
ICRA revises ratings for bonds to A from AA-.

🎯 Rolta India :
Rolta intends to cancel the listing and trading of its GDRs at London Stock Exchange effective as of June 30, 2017.

🎯 IDBI Bank :
Fitch downgrades Long term IDR to BB from BBB-.

🎯 Mcleod Russel :
Board decided to initiate discussion with Eveready Industries India Limited for participating in a joint venture for development of packet tea business through a separate entity.

🎯 Raj TV :
Brickwork rating has assigned revised as "BWR BBB Outlook Stable.

🎯 Gujarat Gas :
Gujarat gas has entered into a non-binding MoU with Petronet LNG Limited ('PLL') for exploring - dispensing and marketing of LNG including the L-CNG at GGL CNG stations.

🎯 Lyka Labs :
The company says filing of Documents of merger of Lyka Healthcare Limited wholly owned subsidiary with Lyka Labs Limited w.e.f 1st April, 2017.

🎯 Jindal Polyfilms :
The company eyes 300mn$ European ops of JV between Dupont and Japans Teijin (DTF).

🎯 United Spirits Ltd. :
USL to sell properties belonging to Mallya.

🎯 HPCL, IOC, BPCL :
Ministry hires deloitte for oil PSU oil merger.

🎯 Amtek Auto :
Promoters might lose control of Amtek auto.

🎯 Max Financial :
HDFC lifes to approach IRDAI with new merger plan.
Positive for the stock. 👍

🎯 Tech Mahindra :
IT employee union files complaint against Tech Mahindra.

🎯 Adani Enterprises :
Adani enterprises reaches royalty deal with Australian govt.

🎯 Cadila healthcare :
Cadilahc plans 1000cr QIP.

🎯 Piramal enterprises :
Piramal structured finance arm invests Rs. 565 in two auto pars firms.

Edited by Sharp.
© Sharp Investment & Financial Advisers

29th May, Morning Brief

Markets likely to open on a negative note with positive bias.

Following are the factors which may impact the movement if the market in coming week.

👉The government will release the biggest economic indicator numbers – GDP (gross domestic product) data for the fourth quarter of 2017. 
The GDP data will be a major factor in deciding market movement. The numbers will mirror the actual progress made by the Modi government. 

👉Market Economics is slated to announce the India Manufacturing Purchasing Managers' Index (PMI) data for May 2017 on Thursday, June 1, 2017. The Nikkei Manufacturing PMI in India stood at 52.5 in April 2017, the same as in March.

👉The arrival of monsoon rains and its progress will be watched closely. The Indian Meteorological Department (IMD) on Tuesday projected that monsoon rains could be ‘normal’ this year and bring 100 per cent rainfall instead of 96 per cent projected earlier.

👉The correction, which was much anticipated, arrived swiftly and sharply, especially in the midcap and smallcap space, making the foundation of the Nifty50 to move higher. Although, the market did not go below the 9,300 level which can be considered as a good support.

🎯 News & Impact 🎯

Results Updates :

🎯 Mahanagar Gas :
Net Profit 17.9% At Rs.99.5 Cr Vs Rs.84.4 Cr (YoY).
Revenue 2.3% At Rs.589.4 Cr Vs Rs.576 Cr (YoY).
Positive for the stock. 👍

🎯 Tech Mahindra :
Cons Net Profit 30.2% down At Rs.589.7 Cr Vs Rs.845 Cr (QoQ).
Cons Revenue Down 0.8% At Rs.7,495 Cr Vs Rs.7,557.5 Cr (QoQ).
Board Announces Dividend Of  Rs.9/Share.
Negative for the stock. 👎

🎯 Sun Pharma :
Net Profit At `1,223.7 Cr 
Revenue At `7,136.96 Cr 
Negative for the stock. 👎

🎯 ONGC :
Net Profit Down 0.3% At Rs.4340.2 Cr Vs Rs. 4352.3 Cr (QoQ).
Revenue Up 8.5% At Rs. 21,714 Cr Vs Rs. 20,014 Cr (QoQ).
Negative for the stock. 👎

🎯 Divis Labs :
Net Profit At Rs.259.29 Cr. Vs Rs.322 Cr (YoY).
Revenue At Rs.1,066 Cr Vs Rs.1103.4 Cr (YoY).
Board Announces Dividend Of Rs.2 per share, i.e, 500%
Cautious on the stock.

🎯 Sun TV :
Net Profit At Rs.235.9 Cr Vs Rs.235.5 Cr (YoY).
Total Income Up 0.2% At Rs.582.5 Cr Vs Rs.564.97 Cr (YoY).
Positive for the stock. 👍

🎯 Adani Power :
Net Loss At Rs.4,960.5 Cr Vs Profit Of Rs. 1,085.1 Cr (YoY).
Revenue Down 16.9% At Rs.6,352.2 Cr Vs Rs.7,645 Cr (YoY).
Negative for the stock. 👎

🎯 PSP Projects - New Listing.

🎯 EID Parry :
Crisil upgrades rating to AA-/stable.

🎯 Igarshi Motors :
Board approves bonus issue.
Positive for the stock.

🎯 Balkirshna Paper Mills :
To raise funds to the tune of Rs.25 Crores by issuing 25,00,000, 9% Cumulative redeemable Preference Shares of face value of Rs.100 each.

🎯 Bank of Baroda :
To raise additional 9000cr, 6000cr through equity capital and 3000cr through tier 1 bonds.

🎯 Jindal Stainless Steel :
Alloted 6 crore shares to lender of the co at conversion price of 39.

🎯 CG power :
The company has received an Offer for acquisition of the Company's power business in United States of America, comprised in its subsidiary, CG Power Systems USA Inc (PSUS).
Positive for the stock. 👍

🎯 Mercator :
The company has been awarded a contract by the New Mangalore Port Trust for maintenance dredging at New Mangalore Port for a period of three years. The value of the Contract is Rs.98 Crore.

🎯 Brookfiled:
In talks to buy Towers of idea and Vodafone at an EV of 6454cr Rs.

🎯 RCom :
Trips on loan servicing with over 10 domestic lenders.

🎯 BALCO :
Balco working on a plan to enhance capacity.

🎯 Indian Hotels :
Bankers value taj hotel at 1000cr , Bids for Mansingh may go up to Rs. 3000 cr.

🎯 Tata Communications :
Tata Teleservices net worth erodes by 11.650cr.

🎯 Torrent Pharma :
Truns sales focus to brazil, Germany.

🎯 Raymond :
The company lines up 350cr Expansion plan.

🎯 Ashok Leyland :
Ashok Leyland has 3 pronged approach for electric buses.

🎯 SAIL :
Salem unit sale hits a roadblock.

🎯 IOC :
IOC seeks 2700 acres to expand Paradip petrochem Project.

🎯 JSPL :
Completes Construction 4 mtpa Blast Furnace In Odisha.

Edited by Sharp.
© Sharp Investment & Financial Advisers

26th May, Morning Brief

Markets are likely to open in red tracking SGX Nifty, down by 12 points but may close positively considering US markets' strong closing and yesterday's aggression.
As mentioned yesterday, Nifty bounced back smartly after taking support above 9330 and headed towards a new high. 9330 area will be considered as a good support.

🎯 News & Impact 🎯

Results Updates :

🎯 Cipla :
Cons Net Loss At Rs.61.8 Cr Vs Loss Of Rs.93 Cr (YoY).
Cons Revenue 8.1% At Rs.3,582 Cr Vs Rs. 3,314 Cr (YoY).
Cons EBITDA At Rs.506.2 Cr Vs Rs.176.1 Cr (YoY).
Cipla says, Co Took Impairments Of Rs 214 Cr In Jan-March On Us Generic Ops.
Made Rs. 56 Cr Provisions For Ciplas Biotech Assets.
Paid Rs 1,000 Cr Of Debt This Year.
Cipla CEO Says See Significant Hit On India Sales From GST Rollout.
Negative for the stock. 👎

🎯 Britannia Industries :
Cons Net Profit 5.9 % At Rs.211 Cr Vs Rs. 199 Cr (YoY).
Cons Revenue 5.8 % At Rs. 2,316 Cr Vs Rs.2,189 Cr (YoY).
Cons EBITDA 6.1 % At Rs.308.1 Cr Vs Rs. 290.3 Cr (YoY).
Declared dividend of Rs. 22 per share.
Positive for the stock. 👍

🎯 Thomas Cook :
Cons Net Loss At Rs.6.3 Cr Vs Loss Of Rs. 87.5 Cr (YoY).
Cons Total Income At Rs. 2059.2 Cr Vs Rs.1865.7 Cr (YoY).
Positive for the stock. 👍

Major Results Today :
ITC, Sunpharma, DLF, Hindpetro, Divis Laboratories, Tech Mahindra, ONGC, SUN TV.

🎯 Nifty50 :
Grasim out, VEDL in.

🎯 Tata Power :
Issuance of non-convertible debentures of Rs 500 crore.

🎯 IDBI Bank :
CARE revises rating to CARE A negative of Lower tier II bond amounting to 50cr.
Crafts Comprehensive Turnaround strategy; takes steps to shore up capital.
Bank plans to raise more money as part of its turnaround plan.
Positive for the stock. 👍

🎯 Infosys :
Announces strategic alliance with HP Inc. to Accelerate Digital Transformation for the Enterprise.

🎯 Glenmark Pharmaceuticals :
S&P Global Ratings has reaffirmed our credit rating as BB.

🎯 NALCO :
Inks MOU with Government of India setting Higher Targets in Production.

🎯 Bharti Airtel, Idea Cellular :
Bharti Airtel, Vodafone and Idea are likely to launch voice over LTE or VoLTE services by the end of September as part of their efforts to upgrade technology and compete better with the new entrant Reliance Jio Infocomm.

🎯 Fortune Financial :
Board has approved raising of equity capital up to Rs.400 crore, through private placement, QIP.

🎯 Dr Reddy :
SEZ unit completes USFDA inspection for second time.

🎯 Fortis Healthcare :
Board approves to enhance ceiling limit for FIIs upto 75 percent.
Positive for the stock. 👍

🎯 Renaissance Jewellery :
To consider buyback at board meeting on May 30.

🎯 Lypsa Gems : 
Board approves bonus issue.
Positive for the stock. 👍

🎯 ITI :
To issue shares via FPO.

🎯 Max Ventures :
Allots 38 lkh shares upon conversion of warrants.

🎯 VA Tech Wabug :
Wins repeat order from Dangote group for USD 105.5 million.

🎯 UPL :
Subscribed to additional 9 % shares in Sinagro Group.

Edited by Sharp.
© Sharp Investment & Financial Advisers

25th May, Morning Brief

Market is likely to open in green tracking SGX Nifty up by 32 points.
Yesterday Nifty has taken it's crucial support above 9300 level and if not broken on closing basis, a good upmove can be seen in coming days.

🎯 News & Impact 🎯

Results Updates :

🎯 Dish TV :
Cons Net Loss At Rs.28.3 Cr Vs Profit Of Rs.482.8 Cr (YoY).
Cons Revenue Down 11.3 % At Rs.708.6 Cr Vs Rs.799.3 Cr (YoY).

🎯 Adani Enterprises :
Cons Net Profit Up 72.3 % At Rs.218.8 Cr Vs Rs.127 Cr (YoY).
Cons Revenue Up 49.6 % At Rs.12,195.1 Cr Vs Rs. 8,151.2 Cr (YoY).

🎯 Jain Irrigation :
Net Profit Up 24 % At Rs.77.6 Cr Vs Rs. 62.6 Cr (YoY).
Revenue Up 10 % At Rs.2,286 Cr Vs Rs. 2,086 Cr.

🎯 Major Results Today :
Nearly 200 companies will announce their results today.
Bosch, Britannia, Cipla, Indian Oil, NMDC.

🎯 Modi government abolishes 25-year-old FIPB :
The Cabinet approved dismantling of the two-decade-old Foreign Investment Promotion Board (FIPB) and defined a new mechanism to approve overseas investment applications and hasten fund flows.
The responsibility of handling FDI proposals will now be left only to a single ministry and the concerned sector regulator to handle foreign investment in sectors that need government nod.
Positive for Retail, Insurance & Infra.

🎯 HCL-Tech :
HCL Tech to buyback stock at 17% premium for Rs 3,500 Cr.

🎯 SBI :
Countrys largest lender, State Bank of India (SBI) has put up assets worth over Rs 1,471 crore for sale to asset reconstruction companies (ARCs).
Companies involved are Adhunik Power & Natural Resources.

🎯 Strides Shasun :
The company has got approval of the US regulator for its Memantine Hydrochloride tablets to treat Alzheimer's-type dementia, said the company on Wednesday. 

🎯 NHPC :
NHPC said that the company's board of directors in its meeting scheduled to be held on May 30, 2017 will consider the proposal for raising of Rs 1,756 crore through issuance of 'W' series corporate bonds on private placement basis. The proposed issue is out of Rs 4,500 crore already approved by the shareholders in 40th Annual General Meeting held on September 22, 2016. 

🎯 Bharat Financial :
Global brokerage house Credit Suisse upgraded Bharat Financial to ‘Outperform’ from ‘Neutral’ and also raised the target price to Rs 800 from Rs 760. 

🎯 Jaiprakash Power :
Calls a meeting to restructure old bonds.
Asks to waive all current bond defaults.
Cabinet approves 10.6 % increase in FRP for sugarcane for 2017-18.

🎯 M&M :
Welcome Cabinet move, its in line with global practice.
Policy for FDI in defence is rational & well structured.
M&M has natural strength in aerospace & armoured vehicles.
See opportunities of Rs 20,000-50,000 crore in every sector.

🎯 Lupin :
USFDA has issued 6 observations on Lupins Indore plant.
USFDA inspected Indore plant between May 819, 2017.
Cautious on stock.

🎯 Tata Motors :
Axes 1500 managers.

🎯 Idea / Bharti Airtel / Vodafone :
TRAI firm on decision to penalize Big 3 for Choking POI to Jio.
Negative for the stocks.

🎯 Hitachi :
Johnson Hitachi plans to export from India.

🎯 SORIL infra (Indiabulls Group):
To enter LED lighting biz.

🎯 Ashoka Buildcon :
Raising equity through QIP etc.

🎯 Sarla Performance Fibers :
Board meeting on May 27 to consider buyback.

🎯 Kalpataru Power :
To issue NCD worth Rs 100 crore :
Axes 1500 managers.

24th May, Morning Brief

Market may open positively as SGX Nifty trading up by 11 points.

🎯 News & Impact 🎯

Results Updates :

🎯 Tata Motors :
Cons Net Profit Down 17 % At Rs.4,296 Cr Vs Rs.5,176 Cr (YoY).
Cons Revenue Down 2.6 % At Rs.78,747 Cr Vs Rs.80,868 Cr (YoY).

🎯 Novartis :
Net Profit Down 87.3 % At Rs. 2.9 Cr Vs Rs. 22.8 Cr (YoY).
Revenue Down 14.3 % At Rs.160.3 Cr Vs Rs.187.1 Cr (YoY).

🎯 Voltas 
enters into JV with Ardutch B.V. (a subsidiary of Arelik A.S.; part of the Ko Group Turkeys largest industrial and services group)

🎯 Videocon
Says Crash in stock price due to classification of NPA by Dena Bank
CCI approves amalgamation of Videocon D2H with Dish TV
CCI approves acquisition of up to 6.02 percent stake by Aceville in Flipkart

🎯 JHS Svendgaard
Conversion of 4.4 lakh warrants into equity shares allotted on preferential basis

🎯 TV Today Network
Migration from Phase II to Phase III of 3 FM radio stations

🎯 Mangalore Chemicals & Fertilizers
CARE has revised the Long Term Rating to BBB Stable from BBB-;Stable and Short Term Rating to BBB from BBB-

🎯 Cerebra Integrated Technologies
Karnataka State Pollution Control Board has issued its consent to start production for its E-Waste recycling plant setup on a 12 acre land

🎯 AIA Engineering
Magotteaux initiates arbitral proceedings against co. demands $60 million in damages

🎯 SBI
Bank set to finalise six I-banks to manage Rs 10000 crore fund raising

🎯 SAIL
SAIL Arcelor Mittal JV may be sealed this month says Union Steel minister

🎯 HDFC
HDFC life gears up for IPO as Max meger delayed

🎯 ABFRL
Co. partners with KVIC to sell khadi products

🎯 JK Paper
Plans Rs 650 crore for investment
To raise USD 5mn from IFC GAIL, NTPC

🎯 IDBI Bank
ICRA dowmngrades banks debt ratring

🎯 GAIL, NTPC
RGPPL demerger: GAIL to own LNG terminal, NTPC to get power plant.
Gail said it has drawn up investment plans of Rs 30,000 crore for expansion. 

🎯 Voltas
Forms USD 100mn JV with Ardutch

🎯 Infosys
Adopts new character to address investor concerns.

🎯 Dion Global launches Integrated Wealth Management and Trading Platform

🎯 JB Chemicals & Pharmaceuticals approves the buy-back of up to 12,50,000 (1.47 percent of equity)

🎯 Karnataka Bank 
ties-up with HDFC Capital Asset Management (HDFCAML) for mutual fund business

🎯 Bambino Agro sale of fixed assets including plant & machinery at Indore, Madhya Pradesh and at Bibinagar, Telangana.

🎯 Sunteck Realty: Sunteck Realty informed bourses that a meeting of the board of directors of the company will be held on June 08 to consider sub-division (split) of the face value of the equity shares of the company, subject to approval of members. 

Glenmark Pharma: Global brokerage house Morgan Stanley downgraded Glenmark Pharma to 'Equal Weight' from 'Overweigh' and cut the target price of shares to Rs 706 from Rs 1146.

23rd May, Morning Brief

SGX Nifty trading 25.50 points up, indicating a positive start for market today.

🎯 News & Impact 🎯

Results Updates :

🎯 Godrej Industries :
Cons Net Profit At Rs.95.2 Cr Vs Loss Of Rs.57 Cr (YoY).
Cons Revenue Up 6.9 % At Rs.1,982 Cr Vs Rs.1,854.2 Cr (YoY).
Positive for the stock. 👍

🎯 GAIL :
Net Profit Down 68.7 % At Rs.260.2 Cr Vs Rs.832.1 Cr (YoY).
Revenue Up 15.9 % At Rs.13,674.1 Cr Vs Rs.11,802.4 Cr (YoY).
Exceptional Loss On Impairment Provision At Rs.788 Cr.
Negative for the stock. 👎🏻

🎯 SRF :
Cons Net Profit Up 15.7 % At Rs.129.2 Cr Vs Rs.111.7 Cr (YoY).
Cons Revenue Up 19.7 % At Rs.1,416.4 Cr Vs Rs.1,183.3 Cr (YoY).
Cons Other Income At Rs 25.9 Cr Vs Rs 11.4 Cr (YoY).
Positive for the stock. 👍

🎯 Corporation Bank :
Public sector lender Corporation Bank said its board has approved plans to raise capital up to Rs 3,500 crore. 

🎯 Tata Power: The company on Monday said total generation from all its power plants crossed 52,000 million units last fiscal. Its consolidated generation through all subsidiaries stood at 52,512 million units (MUs) in 2016-17 as compared to 47,347 MUs in the previous fiscal. 

🎯 Karnataka Bank :
MOU with Life Insurance Corporation of India (LIC) for life insurance business to sell its insurance policies at the branches.

🎯 Prakash Industries :
Issuance of New FCCBs.

🎯 MT Educare :
Subsidiary Lakshya Educare, has been sanctioned a long term debt facility from Xander Finance (Xander) of Rs.110 crore.

🎯 SCI :
Has given physical delivery of its 1 container vessel m.v. Indira Gandhi' to its buyer.

🎯 Adani Enterprises :
Company to delay decision on Australis mine

🎯 Clarient Chemical :
Swiss group Clariant (global parent) announced an all-stock deal to merge with the US-based Huntsman Corp.

🎯 ENIL :
discontinued the operation of FM Radio Station at Panaji, Goa

🎯 VST Tillers :
Launches 2 new tractors

🎯 MEP Infra :
entered into concession agreement with NHAI for Four Laning of Mahuva to Kagavadar of NH-8E from km 100.100 to km 139.915.

🎯 Bharti Airtel, Idea Cellular : 
Reliance Jio has filed a complaint with the telecom ministry alleging that incumbents Bharti Airtel, Vodafone and Idea did not deposit requisite licence fee in March, which led to a potential loss of Rs.400 crore to the government. 

🎯 Kotak Mahindra Bank : 
Kotak Mahindra Bank founder Uday Kotak sold 1.80 crore of the bank's shares in the open market, enabling him to comply with the Reserve Bank of India direction to reduce his stake in the private sector lender to less than 30 per cent. 

Edited by Sharp.
© Sharp Investment & Financial Advisers

22nd May, Morning Brief

Today, market is likely to open in green tracking SGX Nifty FUTURES, up 14 points.

On Wall Street, the Dow jumped 141.82 points to close at 20,804.84, the S&P 500 gained 16.01 points to end at 2,381.73 and the Nasdaq Composite added 28.57 points to settle at 6,083.70.

🎯 News & Impact 🎯

Major Results Today :
GAIL, Bank of India, Engineers India, Godrej Industries, SRF, PTC India Financial Services,

🎯 Laurus Labs

US FDA Inspected API Facility Of Unit 2; No 483s Issued

Formulations Facility Of Unit 2 Gets EIR From US FDA On May 18

🎯 Indiabulls Ventures

Subsidiary- Indiabulls Asset Reconstruction (ARC) has been granted the Certificate of Registration (CoR) by the Reserve bank of India

🎯 Mahindra and Mahindra

To invest in high-end electric powertrain technology which will be used for the future line up of electric vehicles

🎯 Cadila Healthcare

NCLT approves the Scheme of Arrangement between Cadila Healthcare Limited and Zydus Healthcare Limited

🎯 Zuari Agro

Integrated Revamp of Ammonia-Urea plants at a cost of approximately Rs 1300 crore capacity will increase from 1350 MTPD to 1800 MTPD

🎯 Hindustan Copper

To manufacture copper cathode, proposed capacity to be 1.0 lakh tonne per annum at an estimated cost of Rs 3025 crore

🎯 SPARC
USFDA denies approval for Elepsia XR

🎯 Bhushan Steel
Wins auction for iron ore mine in Sundergarh district having a reserve of 92 million tonne

🎯 Rcom :
CARE revised the long term facility rating from CARE A- to CARE BB' and the short term facility rating from CARE A2 to CARE A4'

🎯 Goa Carbon
Operations re-start at Goa Plant

🎯 Edelweiss :
CRISIL Limited has assigned a 'CRISIL A1 ' (CRISIL A one plus) rating to the proposed Rs.2000 Crore Short Term Debt Issue

🎯 Adani Sez/ Adani Enterprises
Board meeting May 24 to consider raising funds via various methods

🎯 IDBI Bank
Employee strike on May Rs 23

🎯 PVR
Average Rate Of Tax Was 27% & Around 10%-12% On Food
Expected 18% Tax Rate For Cinemas
In Some States We Had Zero Or Less Than 10% Entertainment Tax.
Expect Tax Rate Fall To Get Set-off Against F&B Tax Rate Hike
Classifying Cinema As Luxury Has Come As A Complete Shocker
Expect First 90 Days Post GST Roll-out To Be Chaotic
At 28% We Hardly Have Any Headroom To Look At Prices
Dont See Sharp Cuts In Prices Of Movie Tickets In Maharashtra.

🎯 Future Group
Aion in talks to buy into future group holding co.

🎯 Fortis Malar, Fortis Healthcare
IHH leads race to acquire singh bros healthcare ops.

🎯 Petronet LNG
Oil ministry may block PSUs buying GDF stake in Petronet.

🎯 Shree Cements
plans to spread in east and invest Rs 2000 crore

🎯 JP Associates/ Ultratech
Both companies plan to seal the deal by July

🎯 GNFC
Co. to roll out neem projects in more states

🎯 Titan, Gitanjali
Both companies under worlds top 10 luxury brands

🎯 Bajaj Auto 
plans to raise sales in FY18.

🎯 Premier Explosives 
board approves QIP of Rs 66 crore

🎯 Bhagiradh Chemicals :
Fire at facility in Andhra Pradesh

🎯 Balasore Alloys 
board approves issuing 3.5 crore warrants to promoters on pref basis

🎯 JSW Energy 
to raise Rs1000 crore through issuance of NCD's

🎯 Chambal Fertilizer 
approved the sale and disposal of the remaining 3 ships/vessels owned by the Company

🎯 Neuland Labs 
entered into Joint development agreement with Phoenix Embassy Techno Zone for development land owned by company in Nanakramguda

🎯 Capital First 
raised Rs 150 crore via debentures

🎯 Deccan Cement 
approves stocks split

🎯 Coromandel
incorporates subsidiary in Nigeria

🎯 Mahindra Holidays 
recommends bonus of 1 share for every 2 held

🎯 Suzlon 
approves enabling resolution to raise up to Rs 2000 crore.

Edited by Sharp.
© Sharp Investment & Financial Advisers

19th May, Morning Brief

Market are likely to open in green tracking SGX Nifty, up 25 points and mixed global cues. 

Major Results Today :
SBI, Grasim, Tata Power, Motherson Sumi, Suzlon, Sintex, Just Dial, Glaxosmithkline Pharma, K E C International, Mahindra Holidays, V-Guard Industries, Chambal Fertilisers, RCF, IFCI, Abbott India, Action Construction Equipments, Bharat Bijlee, Claris Lifesciences, Dhanuka Agritech, Titagarh Wagons, H T Media, VRL Logistics, Future Enterprises, Kalpataru Power Transmission.

🎯 News & Impact 🎯

Results Updates

🎯 United Bank :
Net Profit At Rs.73.5 Cr Vs Loss Of Rs. 413 Cr (YoY)
NII Up 23.8 % At Rs.502 Cr Vs Rs.405.5 Cr (YoY).

🎯 Pidilite Industries :
Net Profit Down 7 % At Rs.157.2 Cr Vs Rs. 169.1 Cr (YoY).
Revenue Up 6.8 % At Rs.1,404.3 Cr Vs Rs. 1,314.8 Cr (YoY).

🎯 Dwarikesh Sugar :
Net Profit At Rs. 46.82 crore vs Rs.52.82 crore. (YoY).

🎯 National Fertilizers :
Net Profit At Rs.89 Cr Vs Rs.27.4 Cr (YoY).
Revenue Up 13.4 % At Rs.1,863.1 Cr Vs Rs.1,642.8 Cr (YoY).

🎯 Bank of Baroda :
Net Profit At Rs 154.7 Cr.
NII At Rs 3,581.9 Cr.
Gross NPA At 10.46 percent Vs 11.40 percent (QoQ).
Provisions At Rs.2,623 Cr Vs Rs.2,080 Cr (QoQ).

🎯 Tata Coffee :
Cons Net Profit At Rs.59.8 Cr Vs Rs.27.9 Cr (YoY).
Cons Revenue Up 0.2 % At Rs.394.9 Cr Vs Rs.394.3 Cr (YoY).

🎯 Indian Hume Pipe :
Net Profit At Rs.33.2 Cr Vs Rs.9.4 Cr (YoY).
Revenue Up 65.8 % At Rs.493.8 Cr Vs Rs. 297.9 Cr (YoY).

🎯 VIP Industries :
Net Profit Up 46.5 % At Rs.18.9 Cr Vs Rs. 12.9 Cr (YoY).
Revenue Up 11.6 % At Rs.307.2 Cr Vs Rs. 275.3 Cr (YoY).

🎯 HSIL :
Net Profit Down 19.8 % At Rs.30.8 Cr Vs Rs.38.4 Cr (YoY).
Revenue Up 0.4 % At Rs.636.8 Cr Vs Rs. 634.4 Cr (YoY).

🎯 Akzo Nobel :
Net Profit Up 17.6 % At Rs.72.3 Cr Vs Rs. 61.5 Cr (YoY).
Total Income Up 9.9 % At Rs.781.6 Cr Vs Rs.711.4 Cr (YoY).

🎯 Muthoot Finance :
Net Profit Up 21.3 % At Rs.321.8 Cr Vs Rs. 265.2 Cr (YoY).
NII Up 32.7 % At Rs.1,153.7 Cr Vs Rs. 869.5 Cr (YoY).
Revenue Up 18.2 % At Rs.1,709.6 Cr Vs Rs.1,446.9 Cr (YoY).
Provisions At Rs.233 Cr Vs Nil (QoQ); Vs Rs.110 Cr (YoY).

🎯 Graphite India :
Net Profit At Rs.62 Cr Vs Rs.28.6 Cr (YoY).
Total Income Up 7.2 % At Rs.397.5 Vs Rs. 370.7 Cr (YoY).

🎯 Bajaj Holdings :
Cons Net Profit Down 0.2 % At Rs.562.8 Cr Vs Rs.563.8 Cr (YoY).
Cons Revenue Up 48.2 % At Rs.180.3 Cr Vs Rs.121.7 Cr (YoY).

🎯 Cummins :
Net Profit Down 5.1 % At Rs.158.5 Cr Vs Rs. 167 Cr (YoY).
Revenue Up 11 % At Rs. 1,267.6 Cr Vs Rs. 1,141.7 Cr (YoY).

🎯 Coffee Day :
Net Profit At Rs.27.7 Cr Vs Rs.11.9 Cr (YoY).
Revenue Up 6 % At Rs.893.6 Cr Vs Rs.843 Cr (YoY).

🎯 Tata Consultancy Services :
TCS announced that it collaborated with Qualcomm incorporated through its Qualcomm Wireless Reach initiative and FHI 360 to implement a digital solution that enriches lives of the fishing community in Senegal, leveraging the transformative power of wireless technologies.

🎯 Sutlej Textiles :
Board Approves Raising Up To `500 Cr Via NCDs/Bonds.
Board Approved Splitting Each Rs.10 Share Into 10 Of Re.1.

🎯 Lupin :
Gets US FDA Approval For Generic Seroquel XR Tablets
Tablets Used To Treat Schizophrenia Or Bipolar Disorder.

🎯 Sunil Healthcare :
Expansion of production capacity of Empty Hard Gelatin Capsule from 11 billion to 13 billion (appox) p.a.

🎯 Tanla Solutions :
Allotment of 19,68,310 equity shares to the Promoters upon conversion of Preferential Warrants into Equity.

🎯 Alfa Transformer :
Allotment of 6, 49,412 Equity Shares to promoters.

🎯 IIFL :
Amc raises USD 250 mn.

🎯 Reliance Communications :
Rcom Dsystema merger gets a TdSAT approval.

🎯 Jet Airways :
The company to phase ATR aeroplanes.

🎯 Bambino Agro :
issues with data server and IT infra, suspecting global malware.

🎯 HCL Tech :
HCL Tech announce Technology Services Partnership with Duck Creek Technologies.

🎯 Vivimed Labs :
Vivimed announces JV partnership to grow its US Finished Dosage business, association with Strides Shasun.

Edited by Sharp.
© Sharp Investment & Financial Advisers

18th May, Morning Brief

Market will open with a gap down tracking SGX Nifty down by 58 points. It will prove the strength if market recovers the fall at the end if the day.

The S&P 500 and the Dow notched their biggest one-day fall since September 9 on Wednesday as investor hopes for tax cuts and other pro-business policies faded after reports that US President Donald Trump tried to interfere with a federal investigation set off alarm bells on Wall Street. 
The Dow Jones Industrial Average fell 372.82 points to close at 20,606.93, the S&P 500 lost 43.64 points, to end at 2,357.03 and the Nasdaq Composite dropped 158.63 points, to settle at 6,011.24.

🎯 News & Impact 🎯

Results Today :
Aditya Birla Nuvo, Bajaj Auto, Bank of Baroda, Coffee Day Enterprises, EID Parry, HSIL, Jyothy Laboratories, Tata Coffee, TeamLease Services and United Bank of India.

Results Updates :

🎯 Hindustan Unilever :
Net Profit Up 6.2 % At Rs.1,183 Cr Vs Rs. 1,114 Cr (YoY).
Revenue Up 6.7 % At Rs.8,886 Cr Vs Rs. 8,329 Cr (YoY).
Volume Growth Flat At 4 percent
Domestic Consumer Biz Grew At 8 percent
Positive for the stock.

🎯 JSW Steel :
Cons Net Profit At Rs.1,008.6 Cr Vs Rs. 300.7 Cr (YoY).
Cons Revenue Up 52.5 % At Rs.17,917 Cr Vs Rs 11,747 Cr (YoY).

🎯 Cosmo Films :
Net Profit Up 17 % At Rs.28.2 Cr Vs Rs. 24.1 Cr (YoY)
Revenue Up 13.4 % At Rs.438.3 Cr Vs Rs. 386.4 Cr (YoY).

🎯 JK Lakshmi Cement :
Net Profit Down 19.3 % At Rs.20.9 Cr Vs Rs.25.9 Cr (YoY).
Total Income Up 9.7 % At Rs.904.3 Cr Vs Rs.824.7 Cr (YoY).

🎯 Tajgvk Hotels :
Net Profit Down 86.2 % At Rs.0.8 Cr Vs Rs.5.8 Cr (YoY).
Total Income Down 5 % At Rs.73.4 Cr Vs Rs.77.3 Cr (YoY).

🎯 Kirloskar Brothers :
Net Profit Up 8.3 % At Rs.16.9 Cr Vs Rs. 15.6 Cr (YoY).
Revenue Up 13.5 % At Rs.600.8 Cr Vs Rs. 529.4 Cr (YoY).

🎯 Orient Green Power :
Cons Net Loss At Rs.86 Cr Vs Loss Of Rs. 158.4 Cr (YoY)
Cons Revenue At Rs.58.3 Cr Vs Rs.40.8 Cr (YoY).

🎯 IFB Agro :
Net Profit Down 25.8 % At Rs.4.9 Cr Vs Rs.6.6 Cr (YoY).
Revenue Up 6.9 % At Rs.142.2 Cr Vs Rs. 133 Cr (YoY).

🎯 Snowman Logistics :
Net Profit Down 49.3 % At Rs.3.6 Cr Vs Rs. 7.1 Cr (YoY).
Revenue Down 16.2 % At Rs.44.5 Cr Vs Rs. 53.1 Cr (YoY).

🎯 Bajaj FinServ :
Net Profit Up 3.3 % At Rs.534.9 Cr Vs Rs. 518 Cr (YoY).
Revenue Up 11.6 % At Rs.7,043.2 Cr Vs Rs.6,311.6 Cr (YoY).

🎯 Bajaj Finance: 
Net Profit Up 43 % in its net profit at Rs. 449 crore vs Rs 315 crore.
Positive for the stock.

🎯 Dilip Buildcon :
Net Profit At Rs.195.8 Cr Vs Rs. 60.7 Cr (YoY).
Total Income Up 29.3 % At Rs.1,750.2 Cr Vs Rs.1,353.8 Cr (YoY).

🎯 Zydus Cadila & DRReddy :
Drug price regulator NPPA has initiated action against various firms, including Abbott Healthcare, Zydus Cadila and Dr Reddy's, for non-compliance with provisions for new drugs under the price control regime.
Cautious on the stock.

🎯 Hind Copper :
Net Profit At Rs.40.8 Cr Vs Rs.0.6 Cr (YoY).
Revenue Up 61.3 % At Rs.571.8 Cr Vs Rs. 354.4 Cr (YoY).

🎯 United Breweries :
Net Profit Down 87.2 % At Rs.6.7 Cr Vs Rs. 52.4 Cr (YoY).
Revenue Up 3.8 % At Rs.2,557.8 Cr Vs Rs. 2,464.6 Cr (YoY).

🎯 MRPL :
Net Profit Up 43 % At Rs.1942 Cr Vs Rs. 1362 Cr (YoY).
Revenue Up 34 % At Rs.18,100 Cr Vs Rs. 13,477 Cr (YoY).

🎯 IOB :
Net Loss At Rs.646.7 Cr Vs Loss Of Rs. 936.2 Cr (YoY).
NII Down 1.2 % At Rs.1,324 Cr Vs Rs.1,307 Cr (YoY).
Gross NPA At 22.39 % Vs 22.42 % (QoQ).

🎯 Dabur :
Dabur signs pact to buy 2 South African cos for a consideration of approximately Rs 24.4 Cr.

🎯 Jindal Poly :
Jindal Poly board meeting May 25 to consider QIP for raising funds.

🎯 Reliance Infrastructure :
Reliance Infra subsidiary files Section 9 petition in the Delhi High Court for urgent payment of Arbitration Awa.

🎯 La Opala :
Madhupur plant operations temporarily suspended.
Operations suspended due to unreasonable demands by workers union.

🎯 Hind Copper :
The board approves issue of fresh equity via FPO, IIP, QIP.
Fresh equity issue approval for up to 10% of existing capital (9.25 crore Shares).

🎯 PVR :
PVR realty firm Elan to invest Rs.550 crore and tie up with PVR.

🎯 IL&FS plans Rs.15000 cr debt refinancing.

🎯 ICICI Pru and SBI life topple LIC from top spot

🎯 Capital First :
Capital First to raise Rs. 50 crore by issue of NCD.
Warburg Pincus sells 25 % in Capital First, GIC Singapore ups stake to 14%.

🎯 Time Techno :
The company launches full range of structured wall plastic piping system

🎯 Jumbo Bag :
The company commences commercial production at new manufacturing unit

Edited by Sharp.
© Sharp Investment & Financial Advisers

17th May, Morning Brief

Today market may open flat tracking SGX Nifty, up 1 point.
Asian markets are in negative.

Indian stocks continued to enjoy a liquidity-driven flow Nifty50 continued to scale fresh highs and ended the day at a fresh life-time high. But it would not be wise to blindly chase stocks with overstretched indicators. It would be extremely important to protect profits at higher levels and effectively churn sectors to rightly participate in the uptrend.

U.S. share futures and the dollar tumbled in Asian trade on Wednesday after reports President Donald Trump asked then-FBI Director James Comey to end a probe into Trump's former national security advisor. 

🎯 News & Impact 🎯

The Indian Meteorological department (IMD) has said that the southwest monsoon will hit Kerala on May 30, two days ahead of schedule.
A positive trigger for the economy.

Results Updates :

🎯 Tata Steel :
Cons Net Loss At Rs.1,168 Cr Vs Loss Of Rs.3,042 Cr (YoY).
Cons Revenue Up 30.4 % At Rs.35,304.9 Cr Vs Rs.27,071.3 Cr (YoY).
Positive for the stock.

🎯 Whirlpool :
Net Profit Up 7.4 % At Rs. 74.4 Cr Vs Rs. 69.3 Cr (YoY).
Revenue Up 19.2 % At Rs.1,114.3 Cr Vs Rs.934.7 Cr (YoY).
Positive for the stock.

🎯 Transport Corp :
Net Profit Down 26.6 % At Rs.18.5 Cr Vs Rs. 25.2 Cr (YoY).
Total Income Up 14.5 % At Rs.481.6 Cr Vs Rs.420.6 Cr (YoY).

🎯 Sobha Developers :
Cons Net Profit At Rs.46 Cr Vs Rs.21.5 Cr (YoY).
Cons Revenue Up 6 % At Rs.588.8 Cr Vs Rs.555.3 Cr (YoY).

🎯 PI Ind :
Net Profit Up 40.8 % At Rs.135.2 Cr Vs Rs. 96 Cr (YoY).
Total Income Up 3.7 % At Rs.627.3 Cr Vs Rs.604.8 Cr (YoY).

🎯 CARE :
Net Profit Down 15 % At Rs.38.4 Cr Vs Rs. 45.2 Cr (QoQ).
Revenue Up 15.9 % At Rs.76.4 Cr Vs Rs. 65.9 Cr (QoQ).

🎯 Dhanlaxmi Bank :
Net Profit At Rs.8.8 Cr Vs Loss Of Rs. 131.6 Cr (YoY).
NII Up 3 percent At Rs.84.5 Cr Vs Rs.82 Cr (YoY).
Gross NPA At 4.78 % Vs 7.59 % (QoQ).

🎯 Orient Paper :
Net Profit Up 3.6 % At Rs.48.4 Cr Vs Rs. 46.7 Cr (YoY).
Total Income Up 8 % At Rs.687.7 Cr Vs Rs.636.8 Cr (YoY).

🎯 Vardhman Holdings :
Net Profit At Rs.169.8 Cr Vs Rs.25 Cr (YoY).
Revenue At Rs.173.1 Cr Vs Rs.26.6 Cr (YoY).

🎯 Shree Cement :
Net Profit Down 54.1 % At Rs.304.5 Cr Vs Rs.663 Cr (YoY)
Revenue Up 19.3 % At Rs.2,683.4 Cr Vs Rs.2,249.1 Cr (YoY).

🎯 Dishman Pharma :
Cons Net Profit Up 47.6 % At Rs.42.8 Cr Vs Rs.29 Cr (YoY).
Cons Total Income Up 47.5 % At Rs.534.2 Cr Vs Rs.362.1 Cr (YoY).

🎯 Cos & Kings :
Transfers operating lease in its Cologne City hotel.

🎯 Golden Tobacco :
Central Excise imposes penalty of Rs 29 crore.
Negative for the stock.

🎯 IDBI Bank :
Revision in ratings by Ind-Ra.

🎯 BHEL :
Care assigns AA to long and short term non fund based bank facilities.

🎯 VIP clothing :
CRISIL rating has changed from negative to rating watch with positive implication.
Positive for the stock.

🎯 Abbott :
Abbott withdraws 3 sets of coronary balloon catheters.

🎯 JSW Steel :
Company seeks iron ore linkage for Orrissa plant.

🎯 Care /Crisil :
SEBI faults rating agencies in Amtek auto case.

🎯 Hathway subsidary, GTPL :
Gets nod for IPO.

🎯 Edelweiss :
Edelweiss to invest Rs.450 crore in JM Baxi group.

🎯 Lupin :
Lupin launches Cialis for treatment erectile dysfunction.

🎯 Umang Dairies :
The company resumes operations in Gajraula.

🎯 Future Enterprise :
To issue NCD's worth Rs 25 crore.

🎯 Ganesh Ecosphere :
The company has decided to market its products i.e., Recycled Polyester Staple Fibre and Spun Yarn, under the brand name of 'Rivivere.

🎯 Capital First :
Capital First to raise Rs.150 crore via NCD's.

🎯 Bharti Airtel :
Reliance Jio Infocomm has asked the Department of Telecom not to approve rival Bharti Airtel’s buyout of Tikona’s 4G business, alleging the market leader was exploiting a gap in M&A rules, which could cause a loss of over Rs.217 crore to the national exchequer. 

Edited by Sharp.
© Sharp Investment & Financial Advisers

16th May, Morning Brief

Markets are likely to open on a flat note with positive bias on tracking SGX NIFTY, up 12 points.

🎯 News & Impact 🎯

Results Today :
Andhra Bank, Dhanlaxmi Bank, Dishman Pharmaceutical, JK Paper, Maharashtra Scooters, Punjab National Bank, Quess Corp, Sobha Ltd, Symphony and Tata Steel.

Results Updates :

🎯 Bata India :
Cons Net Profit Up 27 % At Rs.35.9 Cr Vs Rs.28.2 Cr (YoY).
Cons Revenue Up 6 % At Rs.598 Cr Vs Rs. 563.6 Cr (YoY).
Positive for the stock.

🎯 Lumax Auto :
Net Profit Up 9.8 % At Rs.6.7 Cr Vs Rs.6.1 Cr (YoY).
Revenue Down 1.9 % At Rs.231.4 Cr Vs Rs. 235.9 Cr (YoY).

🎯 JK Tyre :
Cons Net Profit Down 28 % At Rs.88.8 Cr Vs Rs.123.4 Cr (YoY).
Cons Total Income Up 20.8 % At Rs. 2,309.5 Cr Vs Rs.1,910.8 Cr (YoY).

🎯 Voltamp Transformers :
Net Profit Up 17.7 % At Rs.22.6 Cr Vs Rs. 19.2 Cr (YoY).
Total Income Up 11.9 % At Rs.228.2 Cr Vs Rs.203.9 Cr (YoY).

🎯 Chennai Petro :
Net Profit Down 58.3 % At Rs.170.8 Cr Vs Rs.410 Cr (QoQ).
Revenue Down 10.7 % At Rs.9,486.9 Cr Vs Rs.10,623.4 Cr (QoQ).
Negative for the stock.

🎯 Future Lifestyle :
Net Profit At Rs.18.9 Cr Vs Rs.5.2 Cr (YoY).
Total Income Up 16.2 % At Rs.987.7 Cr Vs Rs.850.2 Cr (YoY).

🎯 Skipper :
Net Profit Up 46.3 % At Rs.52.8 Cr Vs Rs. 36.1 Cr (YoY).
Total Income Up 10.2 % At Rs.583.7 Cr Vs Rs.529.7 Cr (YoY).
Skipper has secured new orders worth Rs 376.48 crore from national & Rs 123.73 crore from international markets for supply of Power Transmission Towers.
Positive for the stock.

🎯 Dr Reddy :
The company launches Resof tablets in India.

🎯 Infosys :
Maubank adopts Infosys Finacle leasing solution to drive business growth.

🎯 Canada Pension Plan Investment Board & Indospace Form JV 'IndoSpace Core'.
CPPIB To Invest USD 500 m In The JV To Acquire Logistics Facilities.
IndoSpace Core To Acquire 13 Industrial & Logistics Parks of Approx 14 msqft.

🎯 Premier Explosive :
QIP Issue Opens; Sets Issue Price At Rs. 414.97/Share.

🎯 Brigade Enterprises :
Brigade Group Leases 3.75 Lakh Sqft Office Space To TCS In Bangalore.

🎯 ICICI Bank & HDFC Bank :
ICICI Bank and HDFC Bank on Monday slashed interest rate by up to 0.3 per cent for loans of up to Rs 30 lakh to promote affordable housing.

🎯 KSK energy :
Piramal Bain capital to look to buy KSKs Rs.3800 crore Chhattisgarh power plant.

🎯 Videocon :
To eye oil revnues tp pare debt

🎯 Colpal :
Colgate to set up herbal presence as competiton grows.

🎯 BPCL, HPCL, IOC :
Petrol price by Rs 2.16 per litre and diesel by Rs 2.10 a Litre.

🎯 Rural Electrification Corp: State-run Rural Electrification Corp (REC) on Monday said that it will extend financial assistance of Rs 85,723 crore to Tamil Nadu power utilities TANGEDCO and TANTRANSCO. 

🎯 Chennai Petro :
A group company of Indian Oil, has achieved highest throughput of 10.256 MMTPA during 2016-17, besides reaching the highest ever distillate yield, a top company official said on Monday. 

🎯 Alembic Pharmaceuticals: The company has received approval from the US health regulator for Fenofibric Acid Delayed-Release capsules used for lowering high cholesterol and increasing good cholesterol.

Edited by Sharp.
© Sharp Investment & Financial Advisers

15th May, Morning Brief

SGX Nifty was trading 28.50 points up at 9446.50, indicating a positive start for the market today. 
Asian markets are mixed. Hang Seng up by 130 points, SSE & STI are up by 9 points and 14 points respectively whereas Nikkei is down by 33 points.

IIP data & WPI data updates -
With most of the companies putting up a better-than- expected show, earnings is surely going to be a major factor in determining market movement in the coming week. 
Under the new series with a 2011-12 base year, the Index of Industrial Production (IIP) rose 5% in the financial year and 2.7% in March, data released on Friday by the Central Statistics Office (CSO) showed.
The CSO and the department of industrial policy and promotion (DIPP) shifted to the more recent base year for IIP and Wholesale Price Index-based (WPI-based) inflation, respectively, to derive a more accurate and realistic picture of the key indicators. This will align these data with gross domestic product (GDP) data, which is already being measured on a 2011-12 base year.
Updated WPI-based inflation for the same month under the new series with a 2011-12 base year also eased to 3.85% in April from 5.3% in the previous month.

🎯 News & Impact 🎯

Major Results Today :
Vedanta, Colgate-Palmolive, Bata India, Indo Count Industries, JK Tyre, Future Lifestyle, Kajaria Ceramics, Polaris Consulting, South Indian Bank, Tube Investments of India, Voltamp Transformers, Chennai Petroleum, Electrosteel Steels, Gravita India, Hindustan Fluoro Carbons, Honda Siel Power Products, Lumax Auto Technologies, Unity Infraprojects, Vaibhav Global, Vindhya Telelinks, Skipper, Jindal Stainless.

Results Updates :

🎯 Idea Cellular :
Consolidated Net loss at Rs.325.60 crore versus loss of Rs.449.20 crore(YoY).
Negative for the stock.

🎯 Jammu & Kashmir Bank :
Net loss at Rs.554.30 crore versus loss of Rs 56.02 crore (YoY).
Negative for the stock.

🎯 Central Bank :
Net loss at Rs.591.8 crore versus loss of Rs 898 crore (YoY).
NII up 9.7 & at Rs.1,715.4 crore versus Rs. 1,563.3 crore (YoY).
Gross NPA at 17.81 % versus 14.14 percent (QoQ).
Provisions at Rs.1,926.7 crore versus Rs. 1,486 crore (QoQ); Rs 2,286.7 crore (YoY).

🎯 Karnataka Bank :
Net profit up 29.6 % at Rs.138.4 crore versus Rs.106.8 crore (YoY).
NII down 2.1 % at Rs.352.2 crore versus Rs.359.8 crore (YoY).
Gross NPA at 4.21 % versus 4.3 % (QoQ).
Provisions at Rs 160.4 crore versus Rs. 100.6 crore (QoQ); Rs.112.5 crore (YoY).
Positive for the stock.

🎯 UCO Bank :
Net loss at Rs.588.2 crore versus loss of Rs.1,715.2 crore (YoY).
NII down 34.7 % at Rs.609.3 crore versus Rs.933.1 crore (YoY).
Gross NPA at 17.12 % versus 17.18 percent (QoQ).
Positive for the stock.

🎯 TVS Electronics :
Net profit at Rs 5.8 crore versus Rs.1.2 crore (QoQ).
Total income up 10.4 percent at Rs.943 crore versus Rs.854.2 crore (QoQ).
Positive for the stock.

🎯 NDTV
Net profit at Rs.5.3 crore versus loss of Rs.18.5 crore (QoQ).
Revenue up 16.8 % at Rs.154.4 crore versus Rs.132.2 crore (QoQ).

🎯 Nestle India :
Net profit up 6.8 % at Rs.306.7 crore versus Rs.287.3 crore (YoY).
Total income up 9.5 % at Rs.2,591.9 crore versus Rs.2,367.5 crore (YoY).

🎯 Tata Teleservices (Maharashtra) :
Net loss at Rs.1,365.6 crore versus loss of Rs.414.7 crore (QoQ).
Revenue down 9.4 % at Rs.596.5 crore versus Rs.658.7 crore (QoQ).
Negative for the stock.

🎯 Titan :
Net profit up 7.4 % at Rs.200.7 crore versus Rs.186.9 crore (YoY).
Total income up 44.3 % at Rs.3,459.7 crore versus Rs.2,397.5 crore (YoY).
Jewellery margins hit.
Negative for the stock.

🎯 PNB Housing Finance :
Net profit up 48.5 % at Rs.152.4 crore versus Rs.102.6 crore (YoY).
Provisions at Rs.66.7 crore versus Rs. 30.8 crore (QoQ); versus Rs.31.2 crore (YoY).
Gross NPA at 0.22 % versus 0.37 percent (QoQ).

🎯 Suven Life Science :
Net profit up 7.8 % at Rs.40.06 crore against Rs. 37.16 crore. (YoY).

🎯 Godrej Industries :
Godrej Agrovet directors approve IPO.

🎯 United Bank of India :
UBI revised marginal cost of funds based lending rate (MCLR).

🎯 Corporation Bank :
Bank fixed marginal cost of funds based lending rate.

🎯 GMR Infra :
GMR Infra to sell stakes in Indonesian coal mining entities.

🎯 Tata Metaliks :
Shuts down plant.

🎯 Power Grid :
Powergrid to offer masala bonds, to set up solar park in Gujarat.
Positive for the stock.

🎯 Welspun Enterprises :
CARE upgrades rating to A1.

🎯 Swaraj Auto :
The board approves new business plan to set up seat frame manufacturing unit.

🎯 Vishnu Chemicals :
Co's shares pledged by promoters.
Negative for the stock.

🎯 Coffee Day Enterprises :
Coffee day to acquire majority equity stake in a company in the express logistics business with annual revenue of Rs. 40 crore.

🎯 Ferro Alloys :
The company setting up additional 27MVA Furnace.

🎯 TTK Prestige :
The company set to break health insurance JV with Cigna.

🎯 Piramal Enterprises :
Lodha gets Rs.1,800 crore from Piramal arm.

🎯 Adani Enterprises :
Co's renewable energy arm aims to raise USD 200 million.

🎯 InterGlobe Aviation :
The company may tap former staff for regional plans.

🎯 NBCC :
State-owned construction firm NBCC India has bagged Rs.315 crore contract in April.

🎯 TeamLease :
The company sees decline in hiring over next 6 months.

🎯 JSW Energy :
The company extends deadline to close Jaypee Power deal to December.

Edited by Sharp.
© Sharp Investment & Financial Advisers

12th May, Morning Brief

Markets are likely to open on a flat note on Friday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. 
On the daily chart, suggesting a weak closing on Nifty.

🎯 News & Impact 🎯

Major Results Today :
Balmer Lawrie Investments, Inox Wind, Dr Lal PathLabs, NDTV, Nestle, PNB Housing Finance, Relaxo, Titan and Ucobank.

Results Updates

🎯 Asian Paints :
Cons Net Profit Up 10.1% At Rs.479.6 Cr Vs Rs.435.5 Cr (YoY).
Cons Revenue Up 8.9% At Rs.4,416.2 Cr Vs Rs.4,054 Cr (YoY).
Positive for the stock. 👍

🎯 Igarashi Motors :
Net Profit Down 3.8% At Rs.17.9 Cr Vs Rs. 18.6 Cr (YoY).
Revenue Up 1.4% At Rs.128.4 Cr Vs Rs. 126.6 Cr (YoY).
Negative for the stock. 👎

🎯 GSK Consumer Health :
Net Profit Up 8.5% At Rs.176 Cr Vs Rs. 162.2 Cr (YoY).
Total Income Up 1.4% At Rs.1,208.8 Cr Vs Rs.1,192.2 Cr (YoY).
Recommends Dividend Of Rs.70/Share.
Positive for the stock. 👍

🎯 Glenmark Pharma :
Cons Net Profit Up 23.5% At Rs.183.7 Cr Vs Rs.148.8 Cr (YoY).
Cons Revenue Up 6.5% At Rs.2,457.2 Cr Vs Rs.2,306.7 Cr (YoY).
US Sales Up 53.5% At Rs.1,000.4 Cr Vs Rs. 652 Cr (YoY).
India Sales Up 6.9% At Rs.576.9 Cr Vs Rs. 539.8 Cr (YoY).
Latin America Sales Down 44.6% At Rs. 134 Cr Vs Rs.241.6 Cr (YoY).
Europe Sales Down 15.1% At Rs.229.8 Cr Vs Rs.270.5 Cr (YoY)

🎯 Force Motors :
Net Profit Down 25.3% At Rs.54.9 Cr Vs Rs.73.5 Cr (YoY).
Total Income Down 6.9% At Rs.958.6 Cr Vs Rs.1,030.5 Cr (YoY).
Negative for the stock. 👎

🎯 VIP Clothing :
Net Profit At Rs.1.1 Cr Vs Loss Of Rs. 7.5 Cr (YoY).
Total Income Up 52.7% At Rs.58.8 Cr Vs Rs.38.5 Cr (YoY).
Positive for the stock. 👍

🎯 Pennar Eng. :
Net Profit Down 39.3% At Rs.8.8 Cr Vs Rs. 14.5 Cr (YoY).
Revenue Up 8.7% At Rs.163.3 Cr Vs Rs. 150.2 Cr (YoY).

🎯 Infosys :
Infosys has delayed salary increases to at least July and even later for senior employees.

🎯 Arvind :
Global brokerage Credit Suisse maintained ‘Outperform’ rating on Arvind Ltd with a target price of Rs 450. 

🎯 Idea :
CCI Orders Investigation On Rel Jio's Complaint Alleging Cartelisation.

🎯 Max India :
To Buy 3.75% Stake In Max Healthcare For Rs.212 Cr
To Issue 1.93 Cr Warrants To Promoters At Rs.154.76 Each
Promoters To Shareholding In Co To Increase To 45.12% Post Transaction.
Max India to raise funds by issuing warrants to , Mr. Analjit Singh amounting to Rs. 300 cr at Rs. 154.76.

🎯 Kotak Mahindra Bank :
QIP Issue Opens At Rs 930-936/Share; To Raise Around Rs.5,800 Cr
To Sell 3.37% Stake Or 6.20 Cr Shares Via QIP. Uday Kotaks Stake Will Decline To 30.8% Vs 31.8% Post QIP.

🎯 TVS Motors :
TVS Motor announces alliance with MASESA (Mayor Servicios Socieda Anonima), a Guatemala based company that is a leader in the commercialization of motorcycles and Tuk Tuks in the Central American region.

🎯 Vakrangee :
The company announces alliance with indian railway catering and tourism corporation limited (irctc) for offering railway e-tickets booking through vakrangee kendra.
Positive for the stock. 👍

🎯 Capital First :
BM on May 18th, to consider issue of NCD.

🎯 Nestle & HUL :
These companies have envinced interest in buying controlling stake in Havmor Ice Cream Ltd.

🎯 ICICI Pru :
AMC to raise Rs.700 cr to buy preleased, rent generating properties in Bangalore.

🎯 United Bank of India :
The bank looks to raise upto Rs.1000 cr of capital.

🎯 Reliance Infrastructure :
Reliance Infra wins arbitration award against Delhi Metro Rail Corp Amounting To Rs. 2,950 crore.
Positive for the stock. 👍

🎯 Delta Corp :
Approves Opening QIP Issue; Floor Price At Rs.162.78/Share.

🎯 Camlin Fine :
Board To Consider Raising Rs.250 Cr Via Equity/Debt On May 19.

🎯 Essar Oil :
Sources Say Rosnefts Purchase Of Essar Oil Held Up As 6 Indian Lenders Yet To Approve Deal.

Edited by Sharp.
© Sharp Investment & Financial Advisers

11th May, Morning Brief

Market will open positively tracking SGX Nifty which is trading up with 30 points.

🎯 News & Impact 🎯

Major Results Today :
Asian Paints, Force Motors, Glenmark Pharma, Granules, IT'D Cementation and MT Educare

🎯 HCL Technologies :
The IT giant reported a 12.3 % sequential growth in net profit at Rs.2,325 crore for the March quarter. 
Its revenue for the quarter rose 2 % QoQ at Rs.12,053 crore. On year-on-year basis, net income rose 20.8 % on 12.7 % rise in sales. 
Positive for the stock. 👍

🎯 Hindalco :
Hindalco: Novelis Inc, an overseas subsidiary of Hindalco, announced 46 % jump in net income at $73 million during the fourth quarter ended March 2017. Novelis grew its fourth quarter fiscal 2017 net income 46 % to $73 million, and increased full year net income by 78 % to $233 million. 
Novelis sells 50 % stake in S korea arm for USD 351mn.
Positive for the stock. 👍

🎯 Heromotocorp :
Net Profit Down 13.9 % At Rs.717.8 Cr Vs Rs. 833.3 Cr (YoY).
Total Income Down 7.7 % At Rs.7,488.1 Cr Vs Rs.8,111.2 Cr (YoY).
Revenue Impact Due To Discount On BS-III Sales Is Rs 193.28 Cr.
Negative for the stock. 👎

🎯 Siemens :
Standalone Net Profit Down 1 % At Rs. 186.2 Cr Vs Rs.188.1 Cr (YoY).
Standalone Total Income Up 5.2 % At Rs. 3,051.2 Cr Vs Rs.2,900.7 Cr (YoY).
Negative for the stock. 👎

🎯 Trident :
The company reported 63.6 % increase in net profit to Rs.99.7 crore for the fourth quarter ended March 2017. The home textiles and paper products maker had posted a net profit of Rs 60.9 crore in the year-ago period, it said in a statement. 
Positive for the stock. 👍

🎯 Poly Medicure :
Net Profit Down 7.6 % At Rs.13.3 Cr Vs Rs.14.4 Cr (YoY).
Total Income Up 10.7 % At Rs.119.9 Cr Vs Rs.108.3 Cr (YoY).
Negative for the stock. 👎

🎯 Panasonic Carbon :
Net Profit Down 18.2 % At Rs.2.7 Cr Vs Rs. 3.3 Cr (YoY)
Total Income Down 13.9 % At Rs.9.9 Cr Vs Rs.11.5 Cr (YoY)
Negative for the stock. 👎

🎯 Dalmia Bharat :
Net Profit Up 94.2 % At Rs.184.1 Cr Vs Rs. 94.8 Cr (YoY).
Total Income Up 15.4 % At Rs.2,433.2 Cr Vs Rs.2,109.2 Cr (YoY).
Positive for the stock. 👍

🎯 Vardhaman Textiles :
Cons Net Profit Down 3.2 % At Rs. 158.6 Cr Vs Rs 163.9 Cr (YoY).
Cons Total Income Up 8.9 % At Rs. 1,608.5 Cr Vs Rs.1,477 Cr (YoY).

🎯 KEI Industries :
Cons Net Profit Up 57.3 % At Rs.98.3 Cr Vs Rs.62.5 Cr (YoY).
Cons Total Income Up 12.5 percent At Rs. 2,836.6 Cr Vs Rs.2,520.4 Cr (YoY).
Positive for the stock. 👍

🎯 Caplin Point :
Cons Net Profit At Rs.33.4 Cr Vs Rs.15.6 Cr (YoY).
Cons Revenue Up 44.2 % At Rs.118.1 Cr Vs Rs. 81.9 Cr (YoY).
Positive for the stock. 👍

🎯 SML Isuzu :
Net Profit Down 46.7 % At Rs.8.9 Cr Vs Rs.16.7 Cr (YoY).
Total Income Up 16.2 % At Rs.371.1 Cr Vs Rs.319.3 Cr (YoY).
Negative for the stock. 👎

🎯 Sical Logistics :
Cons Net Profit Up 75.3 % At Rs.16.3 Cr Vs Rs.9.3 Cr (YoY).
Cons Total Income Up 17 % At Rs.262.3 Cr Vs Rs.224.1 Cr (YoY).
Positive for the stock. 👍

🎯 MIC Electronics :
Cons Net Loss At Rs. 7.4 Cr Vs Loss Of Rs.12.8 Cr (YoY).
Cons Total Income Up 6.3 % At Rs.66.1 Cr Vs Rs. 62.2 Cr (YoY).
Negative for the stock. 👎

🎯 Hikal :
Net Profit Up 23.4 % At Rs.27.4 Cr Vs Rs. 22.2 Cr (YoY).
Total Income Up 6.8 % At Rs.309.6 Cr Vs Rs.289.8 Cr (YoY).
Positive for the stock. 👍

🎯 M&M :
Mahindra & Mahindra (M&M) said that India Ratings and Research (Ind-Ra) has affirmed the company’s long-term issuer rating at IND AAA. The outlook is stable. 

🎯 Inox Leisure :
Inox did not renewed license pact with Bruhat Bengaluru Mahanagara Palike.
Discontinued commercial operations of MG Road, Bengaluru Multiplex Cinema Theatre.

🎯 Edelweiss : 
Edelweiss Financial Services said that ratings agency CRISIL has assigned the rating of 'CRISIL A1+' (CRISIL A one plus) to the proposed short term debt issue aggregating to Rs 5,000 crore of the company.

🎯 Tata Motors :
Global wholesales for April at 73,691 down 9 % YoY.
Global wholesales for Jaguar at 41,923 units.

🎯 Union Bank :
Bank plans to raise a total of Rs.6,350 crore by selling bonds and shares in FY18 as it looks to shore up capital to be ready for an acquisition if the government decides to merge small public sector banks with itself.

🎯 Kamdhenu :
Outlook revised from Negative to Stable by CRISIL.
Positive for the stock. 👍

🎯 Edelweiss :
CRISIL assigns rating of CRISIL A1 ' for Short Term Debt Issue aggregating to Rs. 5,000 cr.

🎯 Varun Beverages :
Crisil upgrades rating to AA-/Stable, A1 for various tenors.
Positive for the stock. 👍

🎯 Tata Teleservices :
Total subscriber base at 84.9 lakh.

🎯 Quess Corp :
The board meeting on May 16 to consider fund raising.

🎯 Vakrangee :
Vakrangee announces alliance with first flight couriers limited through its wholly owned subsidiary.

🎯 Natco Pharma :
Natco launches genric blood cancer drug.
Positive for the stock. 👍

🎯 HDFC :
IFC to invest USD 200mn in co.
Positive for the stock. 👍

🎯 Century Textiles :
JK Paper looks to buy Century's paper business at valuation of 5000cr.

🎯 Claris Lifesciences :
Claris Lifesciences might exit pharma biz altogether, enter FMCG space

🎯 Indigo :
Indigo plans hub and spoke model for ATR fleet.

🎯 Bharti Airtel: 
The telecom major will focus on cost controls and 4G data revenues and spend $2.5 billion in capex in a bid to stave off the stiff challenge posed by new entrant Reliance Jio Infocomm. 

🎯 Orient Green Power: 
The company announced that it had earlier signed a Share Purchase Agreement with Sindicatum Captive Energy Singapore towards sale of 100 per cent equity shares held in Orient Green Power (Maharashtra) (OGPML). 

Edited by Sharp.
© Sharp Investment & Financial Advisers

10th May, Morning Brief

While showing no signs of any trend reversal, the market is fiercely consolidating in a defined range.

Markets are likely to open in green on Wednesday following SGX Nifty, up by 18 points.
Hang Seng, Nikkei, Shanghai & STE were trading higher by , 225 points, 36 points, 8 points & 12 points respectively.

🎯 News & Impact 🎯

👉 Major Results Today :
HeroMotoCorp, Dalmia Bharat, Endurance Technologies and Zee Entertainment.

🎯 HUDCO IPO Update: Total Subscription At 3.01 times, QIB:2.96 times, Retail: 4.12 times.

Results Updates

🎯 Bharti Airtel :
Cons Net Profit Down 25.9 % At Rs.373.4 Cr Vs Rs.503.6 Cr (QoQ).
Cons Total Income At Rs.21,934.6 Cr Vs Rs.23,335.7 Cr (QoQ).
Negative for the stock. 👎

🎯 Petronet LNG :
Standalone Net Profit Up 18.4 % At Rs. 470.8 Cr Vs Rs.397.5 Cr (QoQ).
Standalone Total Income Up 1 % At Rs. 6,365 Cr Vs Rs.6,299.3 Cr (QoQ).
Positive for the stock. 👍

🎯 Thyrocare Tech :
Cons Net Profit Up 36 % At Rs 18.9 Cr Vs Rs.13.9 Cr (YoY).
Cons Total Income At Rs.87.6 Cr Vs Rs.65 Cr (YoY).
Positive for the stock. 👍

🎯 Alembic :
Net Profit At Rs.2.8 Cr Vs Loss Of Rs.1.5 Cr (YoY).
Revenue Up 18.8 % At Rs.32.9 Cr Vs Rs. 27.7 Cr (YoY).
Positive for the stock. 👍

🎯 GMDC :
Net Profit At Rs.90 Cr Vs Rs.39.5 Cr (YoY).
Total Income Up 49.5 percent At Rs.543.9 Cr Vs Rs.363.9 Cr (YoY).
Positive for the stock. 👍

🎯 Dena Bank :
Net Loss At Rs.575.3 Cr Vs Loss Of Rs. 326.4 Cr (YoY).
Gross NPA At 16.27 % Vs 14.79 % (QoQ).
Net NPA At 10.66 % Vs 9.52 % (QoQ).
Negative for the stock. 👎

🎯 Triton Valves :
Net Profit Up 33.3 % At Rs.2.4 Cr Vs Rs. 1.8 Cr (YoY).
Total Income Up 9.9 % At Rs.44.5 Cr Vs Rs.40.5 Cr (YoY).
Positive for the stock. 👍

🎯 Kennametal India :
Net Profit Up 74.5 % At Rs.8.9 Cr Vs Rs. 5.1 Cr (YoY).
Total Income Up 15 % At Rs.165.7 Cr Vs Rs.144.1 Cr (YoY).
Positive for the stock. 👍

🎯 Astrazeneca Pharma :
Net Loss At Rs.2.9 Cr Vs Profit Of Rs. 0.5 Cr (YoY).
Total Income Down 29.7 % At Rs.111.6 Cr Vs Rs.158.8 Cr (YoY).
Negative for the stock. 👎

🎯 Nelco :
Net Profit Down 61.5 % At Rs.1 Cr Vs Rs. 2.6 Cr (YoY).
Total Income Up 6.6 % At Rs.37 Cr Vs Rs. 34.7 Cr (YoY).
Negative for the stock. 👎

🎯 Ador Welding :
Net Profit Down 11.6 % At Rs.7.6 Cr Vs Rs. 8.6 Cr (YoY).
Total Income Up 5.1 % At Rs.158.9 Cr Vs Rs.151.2 Cr (YoY).
Negative for the stock. 👎

🎯 La Opala :
Net Profit Down 4.9 % At Rs.13.5 Cr Vs Rs.14.2 Cr (YoY).
Total Income Up 41.2 % At Rs.76.1 Cr Vs Rs.53.9 Cr (YoY).
Negative for the stock. 👎

🎯 Carborundum :
Net Profit Up 8.6 % At Rs.44.4 Cr Vs Rs. 40.9 Cr (YoY).
Total Income Up 11.7 % At Rs.592.8 Cr Vs Rs.530.9 Cr (YoY).
Positive for the stock. 👍

🎯 Blue Star :
Cons Net Profit At Rs.37.2 Cr Vs Rs.15 Cr (YoY).
Cons Revenue Up 18.5 % At Rs.1,383.6 Cr Vs Rs.1,167.4 Cr (YoY).

🎯 InterGlobe Aviation :
Net Profit Down 24.6 % At Rs.440.2 Cr Vs Rs.583.7 Cr (YoY).
Total Income Up 18.5 % At Rs. 4,848.2 Cr Vs Rs. 4,090.6 Cr (YoY).
Negative for the stock. 👎

🎯 State Bank of India :
Country's largest lender SBI on Tuesday said it plans to raise funds through FPO and institutional placement in the current fiscal and has sought applications from merchant bankers for managing the issue. 
Positive for the stock. 👍

🎯 Infosys : 
The company could hand out pink slips to hundreds of mid- and senior-level employees as it carries out bi-annual performance review amid a challenging business environment. The development comes at a time when it's peers Wipro and Cognizant are taking similar measures to control costs.

🎯 Piramal Enterprises : 
The company is planning to raise up to Rs 4,000 crore by selling shares to institutional investors as the diversified company looks to fuel growth in its financial services business, according to two people familiar with the matter. 
Positive for the stock.

🎯 Videocon Industries :
Dena Bank has become the first lender to classify Videocon Industries as a bad loan potentially opening a can of worms for the rest of the banking sector which is already plagued by rising stressed assets.
Cautious over the stock. 😱

🎯 Biocon : 
USFDA has issued form 483 dated April 7 to Biocon Bangalore facility. 
Cautious over the stock. 😱

🎯 Sintex Industries :
The company said that the foreign currency convertible bonds (FCCB) Committee of its board of directors allotted 47.56 lakh equity shares to FCCB holders on the exercise of their conversion right. 

🎯 Atul Ltd : 
Atul said that the joint venture agreements for the partnership with Akzo Nobel Chemicals International BV (Akzo) have been executed between the company, its affiliates and Akzo. 

🎯 IDBI Bank :
State-owned lender IDBI Bank on Tuesday evening said that Reserve Bank of India (RBI) has initiated a “prompt corrective action” (PCA) in view of its high non-performing assets (NPAs) and negative return on assets (RoAs).

🎯 Titagarh Wagons :
Takes its first step to commission vessels for Indian Navy and National Institute of Ocean Technology.

🎯 Jubilant Life :
NGT passes order allowing company to restart operation in all units at Gajraula (except distillery unit).

🎯 Lupin :
Got 8 observations for Aurangabad unit.
Negative for the stock.
Lupin says in the midst of putting together response to address US FDA observations.
Negative for the stock. 👎

🎯 Kotakbank :
Shareholders approve increasing FII investment limit to 49%.
Positive for the stock. 👍

🎯 Bajaj Finance :
IFC to invest USD 150 mn in the NBFC via NCDs.

🎯 Cholamandalam Investment :
Signs MOU with HUDCO for home loans.

🎯 Future Enterprise :
allotted NCD's worth Rs.50 crore.

🎯 Vijaya Bank :
Bank to raise Rs.1000 crore of CET 1 Capital for the FY 2017-18.

🎯 Arcotech :
The company approves splitting each Rs 10 share into 5 of Rs 2.
Positive for the stock. 👍

Edited by Sharp.
© Sharp Investment & Financial Advisers

9th May, Morning Brief

Yesterday, Nifty attempted to find a base at the previous day’s low, but also left enough signs to suggest that the ongoing phase of consolidation is likely to continue for a longer time and no runaway rise is likely in the market. However, the 9,250 and 9,270 levels are likely to act as support for the ongoing consolidation. 9,375 level will continue to act as major resistance for the Nifty and may also act as a breakout if closes marginally on higher side.

Market may open positively tracking SGX Nifty which is up by 12 points.
Asian markets Hang Seng and STI were trading higher by 8 points and 82 respectively, in morning trade, while Nikkei and SSE was down by 32 points and 1 point respectively. 

🎯 News & Impact 🎯

🎯 S Chand listing today.

🎯 Bharti Infratel :
Cons Net Profit Down 3.8 % At Rs.596.6 Cr Vs Rs.620.4 Cr (QoQ).
Cons Revenue Up 3.5 % At Rs.3,520 Cr Vs Rs.3,400.7 Cr (QoQ).

🎯 ABB :
Net Profit Up 3.2 % At Rs. 88.2 Cr Vs Rs. 85.5 Cr (YoY).
Total Income Up 9.2 percent At Rs. 2,318.8 Cr Vs Rs.2,123.6 Cr (YoY).
Orders Up 28 % At Rs.2,342 Cr Vs Rs. 1,830 Cr (YoY)
ABB Says Order Backlog As On March 31 At Rs.12,023 Cr.
Positive for the stock. 👍

🎯 Union Bank :
Net Profit Up 12.6 % At Rs.108.2 Cr Vs Rs. 96.1 Cr (YoY).
NII Up 14.5 % At Rs.2,387 Cr Vs Rs. 2,084.7 Cr (YoY).
Provisions At Rs 2,444.1 Cr Vs Rs 1,670.1 Cr (QoQ) Vs Rs 1,564.7 Cr (YoY).
Positive for the stock. 👍

🎯 Nocil :
Net Profit Up 13.3 % At Rs.25.5 Cr Vs Rs 22.5 Cr (YoY)
Total Income Up 7.4 % At Rs.190.8 Cr Vs Rs.177.7 Cr (YoY).
Positive for the stock. 👍

🎯 Pokarna :
Cons Net Profit At Rs.17.9 Cr Vs Rs. 5.6 Cr (YoY)
Cons Total Income Down 2.7 % At Rs 100 Cr Vs Rs 102.8 Cr (YoY).
Approves Splitting Each Rs 10 Share Into Five Of Rs 2 Each.
Positive for the stock. 👍

🎯 Eros International :
The company signs TV syndication deal with Zee.

🎯 Torrent Pharma :
Signs asset sale deal with Torrent Pharma to sell brand regestrone including intellectual property right to Torrent. The pharma company has completed the acquisition of Regestrone and Pregachieve brands in India from Swiss drug major Novartis AG. The two brands are widely prescribed by gynaecologists for the management of abnormal uterine bleeding, post menopausal symptoms and infertility.
Positive for the stock. 👍

🎯 Auropharma :
Aurobindo Pharma's Hyderabad Unit 4 Issued Form 483 With 7 Observations.
US FDA Observations :
Buildings Used In Mfg Of A Drug Product Not Maintained In A Good State.
Negative for the stock. 👎

🎯 Laurus Labs :
Natco launches generic version of Sofosbuvir 400 mg/ Velpatasvir 100 mg in India, wherein the net profit of the sale of this Hepatitis C related product is shared between Natco and Laurus.

🎯 Tata Sponge :
Environment Clearance Granted for Enhancement of DRI Production from 3,90,000 TPA to 4,25,000 TPA

🎯 Punjab & Sind Bank :
Allotment of Basel-III compliant Additional Tier-1 Bonds with coupon of 10.90 % p.a. on Private Placement basis.

🎯 Lloyd Electrical :
Havells completes buyout of Lloyd Electrics consumer durable ops.

🎯 Akzo Nobel :
 On Monday rejected a third takeover proposal from PPG Industries.

🎯 Smartlink Network :
The company has made an additional investment of Rs 1 crore in its wholly owned subsidiary Telesmart SCS.
Positive for the stock. 👍

🎯 Fortis Healthcare :
Promoters eye Rs.250 per share for Fortis deal.

🎯 Claris Life :
Co. To sell 20 % stake in JV to partner Otsuka for USD 20 m.
Positive for the stock. 👍

🎯 Ramky Infrastructure : 
The company on Monday said it has won a Rs 337 crore highway project in Jharkhand from National Highways Authority of India. 
Positive for the stock. 👍

🎯 IOC :
In early talks with Aramco for downstream project.

🎯 GVK GMR:
Airport charges likely to go up after AERA Revision.

🎯 Emami :
Aims to acquire brands in Africa.

🎯 Skipper: 
The company said it has been certified by The Equipment and Materials Test Laboratory (LAPEM). With this certification, Skipper now gets an entry into the highly potential Mexican Power Transmission market. 

🎯 GM Breweries : 
GM Breweries turns ex-dividend on Tuesday, for dividend of Rs 3 per share for the year ended March 31, 2017.

Edited by Sharp.
© Sharp Investment & Financial Advisers

8th May, Morning Brief

Market likely to open positively tracking SGX Nifty, up 16 points.
Nifty is likely to oscillate between 9,200 to 9,400 band. INDIA VIX surged 10% during the week and is likely to inch higher as global events unfold.
Bank Nifty relatively outperformed, gaining 1.10% on weekly close. Maximum OI has built up in 22,000-put and 23,000-call strike, which is likely to be the broader range in the coming week.

US stock indexes gained on Friday, with the S&P 500 ending at a record high close fuelled by positive macroeconomic data.
Emmanuel Macron wins French presidency which may create joyous sentiment over the EU bourses.

🎯 News & Impact 🎯

🎯 Pfizer: 
Net Profit Down 22 % At Rs.68 Cr Vs Rs. 87.2 Cr (YoY).
Total Income At Rs.453.2 Cr Vs Rs. 534.9 Cr (YoY).
Negative for the stock. 👎

🎯 D-Mart :
Net Profit Up 47.3 % At Rs.96.6 Cr Vs Rs. 65.6 Cr (YoY).
Total Income Up 40.6 % At Rs 3,110.6 Cr Vs Rs. 2,212.7 Cr (YoY)
Positive for the stock. 👍

🎯 BSE: 
Stock market major BSE on Friday reported an exponential rise of 258.99 % in its consolidated net profit for the fourth quarter (Q4) of 2016-17. The company's net profit rose to Rs.72.66 crore from Rs.20.24 crore reported for the corresponding quarter of 2015-16. 
Positive for the stock. 👍

🎯 Procter & Gamble Hygiene and Health Care: 
Net Profit Up 2.6 % At Rs.99.6 Cr Vs Rs. 97.1 Cr (YoY).
Total Income Up 7.4 % At Rs 601.1 Cr Vs Rs.559.8 Cr (YoY).
Positive for the stock. 👍

🎯 Transformers and Rectifiers: 
Net Profit Down 97.2 percent At Rs 0.3 Cr Vs Rs 10.7 Cr (YoY).
Revenue Down 24.1 percent At Rs 188.2 Cr Vs Rs 248.1 Cr (YoY).
Negative for the stock. 👎

🎯 GE Shipping :
Cons Net Loss At Rs 34.16 Cr Vs Profit Of Rs 24.15 Cr (YoY).
Cons Total Income At Rs 738.42 Cr Vs Rs 850.47 Cr (YoY).
Negative for the stock. 👎

🎯 Blue Dart Express: 
Net Profit Down 36.9 % At Rs.24.5 Cr Vs Rs.38.8 Cr (YoY).
Total Income Up 7.4 % At Rs 676.3 Cr Vs Rs 629.7 Cr (YoY)
Negative for the stock. 👎

🎯 Eicher Motors: 
Cons Net Profit Up 33.9 percent At Rs 459.4 Cr Vs Rs.343.1 Cr (YoY).
Cons Total Income Up 23.3 percent At Rs. 2,132.5 Cr Vs Rs.1,729 Cr (YoY).
Positive for the stock. 👍

🎯 Apollo Tyres :
Cons Net Profit Down 16.1 % At Rs 228.2 Cr Vs Rs. 272 Cr (YoY).
Cons Revenue Up 9.8 percent At Rs. 3,589.4 Cr Vs Rs 3,268.8 Cr (YoY).
Negative for the stock. 👎

🎯 NIIT Tech :
Cons Net Profit Up 60.7 % At Rs.100.3 Cr Vs Rs 62.4 Cr (QoQ).
Cons Total Income Up 7.3 % At Rs.744.7 Cr Vs Rs 693.8 Cr (QoQ).
Positive for the stock. 👍

🎯 Monsanto India :
Net Profit Up 25.4 % At Rs.30.1 Cr Vs Rs. 24 Cr (YoY).
Total Income Up 61.1 % At Rs.140 Cr Vs Rs. 86.9 Cr (YoY).
Positive for the stock. 👍

🎯 Shoppers Stop :
Net Loss At Rs.36.1 Cr Vs Profit Of Rs. 10.1 Cr (YoY).
Total Income Up 3.2 percent At Rs 910.3 Cr Vs Rs 882.5 Cr (YoY).
Negative for the stock. 👎

🎯 Equitas Holdings :
Cons Net Profit Rs 6.9 Cr.
Cons NII At Rs 238.6 Cr.
Negative for the stock. 👎

🎯 Gillette India :
Net Profit Up 30.5 % At Rs 105.8 Cr Vs Rs. 81.1 Cr (YoY).
Total Income Up 16.7 % At Rs.534.5 Cr Vs Rs. 458.2 Cr (YoY).
Positive for the stock. 👍

🎯 Sayaji Hotels :
Barbeque Nation Hospitality the company behind the well-known chain of casual dining restaurants that go by the name Barbeque Nation is set to float an initial public offering (IPO) this year, according to market sources. Barbeque Nation is an associate company of Sayaji Housekeeping Services, a wholly-owned subsidiary of Sayaji Hotels.
Positive for the stock. 👍

🎯 ACC & Ambuja Cements: 
ACC Ltd and Ambuja Cement -- the two Indian units of the world's largest cement producer LafargeHolcim – on Friday decided to explore merger between them, ending months of speculation. 
Positive for Ambuja Cement. 👍

🎯 Walchand Nagar Industries: 
US private-equity giant KKR & Co would invest Rs.300 crore in Walchand Nagar Industries, one of India's oldest business groups, in a structured-financing deal that would help the Mumbai-based conglomerate realign its businesses and repay some of its term loans.
Positive for the stock. 👍

🎯 Tata Consultancy Services: 
TCS announced that it has opened its first Drones Research Lab in the US at its Seven Hills Park Innovation centre located in Cincinnati, Ohio to address the rapidly expanding demand for unmanned aerial vehicles and business solutions across industries. 

🎯 NMDC: 
Iron ore mining major NMDC produced 2.98 million tonnes and sold 3.56 million tonnes of iron ore during April 2017. 

🎯 Concor:
Container Corporation of India (Concor) announced signing four memorandum of understanding (MoUs) during the India Integrated Transport & Logistics (IITL) Summit 2017 on May 5, 2017 at Vigyan Bhawan, New Delhi. Concor signed two tripartite MoUs with the state government and the National Highways Authority of India (NHAI) for development of Multimodal Logistics Parks (MMLPs) at Hyderabad and Surat. Further, the company signed one MoU with Paradip Port for development of a MMLP; and one MoU with Chennai Port for the development of an extended gate facility at CONCOR's facility at Tondiarpet to ease the congestion at Chennai Port. The announcement was made after market hours on Friday, 5 May 2017. 

🎯 Transport Corporation of India :
TCI signed a Letter of Intent (LOI) (NHAI) for the Development and furthering of 'Multi-Modal Logistics Park.

🎯 Parag Milk Foods: The company has announced that it has entered into the beverage market with pure Alphonso drink enhanced with dash of milk. The company diversified into fruit juice drink segment by launching 'Slurp' with an aim to expand its footprint in the beverage category. For starters, Slurp will be available across markets of Mumbai, Delhi, Kanpur and Chennai in 200 ml tetra pack at Rs.20. 
Positive for the stock. 👍

🎯 Auropharma :
Aurobindo Pharma seeks environment nod to expand Srikakulam Unit-9
Aurobindo's Srikakulam Unit-9 expansion cost Rs.250 crore
Aurobindo Pharma Unit-9 to make bulk drugs, intermediates.
Positive for the stock. 👍

🎯 Bosch :
Temporarily suspends production at its Adugodi plant in Karnataka.
Production suspended following a notification by state's pollution control board.
Negative for the stock. 👎

🎯 Rcom :
Reliance Communications - ICRA revises rating to BB and A4.

🎯 Sanghi Cements :
ICRA assigns A- and A2 rating to short and long term fund requirements.

🎯 Everest Organics :
ICRA revises Long term rating from 'B- Stable' to ' BB-'

🎯 Phoenix Mills :
Acquires entire holding of Insight Hotels and Leisure.

🎯 Indian Bank :
Indian Bank to issue Long Term Bonds for financing of Infrastructure and Affordable Housing upto Rs 5,000 crore.

🎯 Allahabad Bank :
Appoints Usha Ananthsubramaniam as MD and CEO.

🎯 Max Financials :
HDFC life likely to rework deal with Max life.
Positive for the stock. 👍

🎯 Bharat Gears :
KKR to lend 125cr to Bharat gears.

🎯 GTL Infra :
Stake sale to value firm at 11000 crore.
Positive for the stock. 👍

🎯 Orient Green Paper/ IL&FS :
The merger of both companies may be stuck in tax hurdle.

🎯 ONGC :
OVL crude oil and gas output hits record 12.57 mt in FY17.

🎯 Tata Motors :
Targets 15 percent growth in CV exports in FY18.

🎯 Eicher Motors :
Enfield revving up to buy Ducati.
Positive for the stock. 👍

🎯 SAIL :
Open to take stressed assets

🎯 Lanco Infra :
Lenders appoints PWC to find investors for Australia mine.

Edited by Sharp.
© Sharp Investment & Financial Advisers