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.
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