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.
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