1st Aug. Morning Brief

Positive opening expected today.

Nifty has made a bullish candle on the daily charts suggesting that the market witnessed sustained buying interest from the Bulls for the most part of the trading day. 10050 will be the immediate support and 9990 will be the next support.

🎯 News & Impact 🎯

Results Today :
JSW Steel, Piramal Enterprises, Marico, Powergrid, EIH, Tajgvk, Tata investment are among companies announcing results today.

🎯 Tech Mahindra :
Rupee revenue at Rs.7,336.1 crore versus Rs 7,495 crore (QoQ).
Net profit at Rs.799 crore versus Rs.588 crore (QoQ).

🎯 Interglobe Aviation :
Net profit at Rs.811.1 crore versus Rs 591.7 crore (YoY).
Revenue at Rs.5,752.9 crore versus Rs 4,578.8 crore (YoY).

🎯 Siemens :
Net profit at Rs.162.9 crore versus Rs. 186.3 crore (QoQ).
Revenue at Rs 2,758.7 crore versus Rs. 3,051.2 crore (QoQ).

🎯 BEL :
Standalone net profit at Rs 125.3 crore versus Rs 36.1 crore (YoY).
Total revenue at Rs 1,803.1 crore versus Rs 927.8 crore (YoY).

🎯 ICICI Prudential :
SAT has raised objections against IRDAI order on merger with Sahara Life.

🎯 Max India :
The HDFC Life Insurance-Max merger plan was given a quiet burial on Monday after several weeks of uncertainty.
Negative for the stock.

🎯 Gail : 
The CCI is investigating at least seven cases of alleged abuse of dominance by GAIL in dealing with its customers.
Negative for the stock.

🎯 Persistent Systems :
Germany subsidiary enteres into an agreement with PARX Werk AG, Switzerland (PARX) to acquire PARX, a salesforce certified platinum partner in DACH Region.

🎯 Satin Creditcare :
Company has invested Rs.6.9 crore in its subsidiary 'Taraashna Services Limited.

🎯 Music Broadcast :
CRISIL has assigns 'A1 ' rating to the bank facilities of the company.

🎯 Vascon Engineers :
Company has received letter of award amounting to Rs.80.41 crore for civil construction of a residential building.

🎯 Sobha Developers :
Board meeting on August 4 to consider a proposal for buyback of equity shares of the company, for an aggregate amount up to Rs.62 crore.

🎯 Rohit Ferro :
Lenders seek new investor in Rohit Ferro.

🎯 TV Today Networks :
Ashish Kumar Bagga resigns as CFO

🎯 Aditya Birla Fashion :
Company seek shareholders nod to issue NCDs worth Rs 1,250 crore.

Edited by Sharp.
© Sharp Investment & Financial Advisers

28th July, Morning Brief

A gap down opening expected as SGX Nifty is trading at 9995, a 75 points lower.
On the daily chart, Nifty has made an inverted hammer which is disappointing the bulls as it shows bears ruled over the bulls yesterday.

Results Today :
L&T, NDTV, NIIT, Subex, Karur Vysya Bank, Shoppers Stop, SKF India, Shakti Pumps, LIC Housing Finance, Kewal Kiran, Zuari Global, Zuari Agro Chemicals, Tanla Solutions, Escorts, Equitas, India Cements.

🎯 News & Impact 🎯

🎯 Idea Cellular :
Loss Of Rs.814.9 Cr.
Total Income At Rs.8,166.5.7 Cr.

🎯 ONGC
Net Profit down 10.5 % At Rs.3,889 Crore Versus Rs.4,340 Crore (QoQ).
Revenue down 12.2 % At Rs.19,073 Crore Versus Rs 21,714 (QoQ).

🎯 ITC :
Net Profit Up 7.4 % At Rs.2,560.5 Crore Vs Rs.2,384.7 Crore (YoY).
Total Income Up 4.1 % At Rs.13,800.4 Cr Rs.13,253 Cr (YoY).

🎯 ICICI Bank : 
The lender reported an 8 per cent year-on-year drop in net profit in the June quarter.
Net Profit At Rs.2,049 Crore Vs 2232 Cr YoY.
NII At Rs.5,590 Cr.
Gross NPA At 7.99 % Versus 7.89 % (QoQ)

🎯 Biocon :
Consolidated Net Profit Down 51.2 % At Rs.81.3 Crore Vs Rs.166.6 Crore (YoY).
Consolidated Revenue Down 5.9 % At Rs 933.7 Crore Versus Rs.992.2 Crore (YoY).

🎯 IDFC :
Consolidated Net Profit At Rs.299.4 Crore Versus Rs.181.2 Crore (YoY).
Consolidated Total Income At Rs.3,058.1 Crore Versus Rs 2,360.5 Crore (YoY).

🎯 Glenmark Pharma :
US Business up 49.7 % At Rs.1,045 Crore
India Business up 15.2 % At Rs.616.4 Crore.
Consolidated Net Profit up 47 % At Rs. 333.4 Crore Versus Rs.226.8 Crore (YoY).
Consolidated Revenue up 20 % At Rs 2,363 Crore Versus Rs.1,969 Crore (YoY).

🎯 NFL :
Government likely to get Rs.535 crore from National Fertiliser stake sale.
Positive for the stock.

🎯 Indiabulls Real Estate : 
Indiabulls Real Estate promoter group entity IBREL IBL Scheme Trust today sold 77 lakh shares of the company for an estimated over Rs.178 crore through an open market transaction.

🎯 Renuka Sugars :
To make preferential issue up to 50 crore CCPS (compulsorily convertible preference shares) to Wilmar at Rs.16.27 each.

🎯 Claris Life Sciences :
Company completes sales of its global generic injectables business to Baxter.

🎯 Axis Bank :
Shikha Sharma re-appointed as the Managing Director & CEO of Axis Bank for a period of 3 years.

🎯 Duke Offshore :
Company wins order to support specialized dredging operations with MNC JV Partner at Mumbai Harbour

🎯 IDBI Bank :
Ind-Ra downgrades Upper Tier II bond and Perpetual Bond to BBB /Negative.

🎯 Nava Bharat Ventures :
300 MW Power Plant of Maamba Collieries has achieved Provisional acceptance under the EPC contract.

🎯 Oriental Carbon :
ICRA Revises rating to A on term loan facilities.

🎯 Videocon Ind :
NCLT approves scheme of arrangement between Videocon D2H & Dish TV.

🎯 Sun Pharma :
Sun Pharma raises stake in Zenotech from 46.85 % to 57.56 %.

🎯 Vedanta :
Resources has initiated talks with south India based Deccan Gold Mines to acquire a controlling stake. 

Edited by Sharp.
© Sharp Investment & Financial Advisers.

27th July, Morning Brief

Market may open on a positive note tracking SGX Nifty. 9900 level will be the support for Nifty lovers.

🎯 News & Impact 🎯

Results today: ITC, Dr Reddy's Labs, Biocon, Glenmark Pharma, HCL Technologies, ICICI Bank, Idea Cellular, Maruti Suzuki, ONGC, Reliance Capital, IDFC Bank, IDFC, Cholamandalam Investment and Finance, Exide Industries, Motilal Oswal, Tata Coffee, Tata Elxsi, Tejas Networks, Balmer Lawrie & Company, Novartis india, Supreme Industries, Aditya Birla Fashion, Automobile Corporation Of Goa, Balaji Amines, Blue Dart Express, CMI, Crompton Greaves Consumer Electrical, Syngene International, Foseco India, IFB Industries, Kirloskar Brothers, Kirloskar Pneumatic, Nocil, Onmobile Global, Redington (India), Sagar Cements, TRF, Wabco India.

🎯 Nestle :
Net Profit At `263.4 Cr Vs `240.2 Cr (YoY).
Total Revenue From Operations At Rs. 2,482.7 Cr Vs Rs.2,316.7 Cr (YoY).
Declared dividend of Rs.15 /share.

🎯 Hero MotoCorp :
Net Profit rose 3.50 % to Rs 914.04 करोड़ Vs Rs.883.09 Cr. YoY.
Sales rose 7.74 % to Rs.7971.58 crore vs Rs.7398.91 Cr. YoY.

🎯 Pidilite Industries :
Net profit of declined 16.77 Cr to Rs. 226.51 Cr Vs 272.15 Cr. YoY.
Sales declined 2.58 % to Rs.1528.92 vs Rs. 1569.36 Cr. YoY.

🎯 ONGC : 
In line with Hydrocarbon Vision 2030 for North-East Region, ONGC management has approved additional investment of Rs 3104 Crore for drilling of wells and creation of surface facilities to produce gas from Tripura gas fields.

🎯 Capital First :
Capital First raises 140cr by issuing NCD's.
FIIs restricted from buying shares in Capital First.

🎯 M&M :
Mahindra & Mahindra (M&M) is in race for a $6 billion order from the US government for postal delivery vehicles.

🎯 Axis Bank :
The board of Snapdeal (Jasper Infotech), which owns and operates FreeCharge, has agreed to sell the digital payments platform to Axis Bank.

🎯 Bhushan Steel :
Company is now under insolvency resolution process under the provisions of IBC.

🎯 PSUs :
Govt to sell upto 25% stake in NEEPCO, MSTC vio IPOs.

🎯 Ashok Leyland :
Ashok Leyland to hike prices by 1% across models in Aug.

🎯 Tata Teleservices :
Tata Teleservices to raise 1300crs via equity/debt.

🎯 Siyaram Silk Mills :
Siyaram Silk to invest up to Rs.25 crore in Balkrishna Paper Mills.

🎯 Religare Finvest :
BM on July 31 to consider buyback proposal of up to Rs.100 crore.

🎯 Power sector's first InvIT IndiGrid to acquire 4 more projects.

🎯 Vedanta :
Vedanta to raise up to $1 billion in dollar bonds.

🎯 Tata Steel :
Thyssen Kurup CEO keen on tata steel merger before September.

🎯 KPIT Tech :
Company Says Chrys Capital Sells Its 13.8% Hldg In Co On Account Of Closure Of Their Fund.

🎯 Va Tech Wabag :
The company has won a repeat order in Bengaluru worth Rs 386 Cr.

Edited by Sharp.
© Sharp Investment & Financial Advisers

26th July, Morning Brief

Market may open on flat note tracking SGX Nifty.

🎯 News & Impact 🎯

Results Today :
HDFC, YesBank ,Federal Bank, Nestle, PVR,Bharat Financial, L&T Finance, Mphasis, Muthoot Capital.

🎯 Bharti Airtel :
Cons Net Profit At Rs 367.3 Cr.
Cons Revenue At Rs 21,958.1 Cr.

🎯 Axis Bank :
Net Profit At Rs 1,306 Cr Vs Rs. 1555 Cr, 16% down.
NII At Rs.4,616 Cr Vs Rs.4728 Cr.

🎯 ICICI Prudential Life Insurance :
Net profit At Rs 406 Cr Versus 0060405 Cr (YoY).

🎯 Raymond :
Cons Net Loss At Rs 5.9 Cr Versus Loss Of Rs 15.6 Cr (YoY).
Cons Total Income At Rs 1,239.9 Cr Versus Rs 1,088.9 Cr (YoY).

🎯 Pidilite :
Cons Net Profit At Rs 226.5 Cr Versus Rs 272.15 Cr (YoY).
Cons Total Income At Rs 1,712 Cr Versus Rs 1,715.4 Cr (YoY).

🎯 HeroMotoCorp :
Net Profit (GU)3.5 percent At Rs 914 Cr Versus Rs 883 Cr (YoY).
Revenue (GU)7.5 percent At Rs 8,613 Cr Versus Rs 8,011 Cr (YoY).

🎯 Indiabulls Ventures :
Net Profit At Rs 50.27 Cr Versus Rs 20.41 Cr (YoY).
Total Income At Rs 172.2 Cr Versus Rs 101.6 Cr (YoY).

🎯 GE T&D :
Net Profit At Rs 61.7 Cr Versus Loss Of Rs 197.4 Cr (YoY).
Revenue At Rs 1,263.4 Cr Versus Rs 905.1 Cr (YoY).

🎯 National Fertilizers :
OFS by Government of India for 7.3 crore shares of National Fertilizers representing 15 % of total paid up capital.

🎯 Berger Paints :
Union withdraws strike at Goa Facility.

🎯 Suzlon :
Alfanar Group of Saudi Arabia collaborates with Suzlon for its Renewable Energy foray into India.

🎯 Prestige Estate Projects : 
The company is looking to raise funds by divesting stake across its business verticals, starting with the commercial and retail portfolios, two persons familiar with the development said. 

🎯 Gail :
Gail creates corpus of Rs.50 crore for investing in start ups.

🎯 Monnet Ispat :
Corporate Insolvency Resolution process has been initiated against Monnet Ispat & energy.

🎯 Cipla :
Cipla launches Rectal Artesunate Suppositories for Severe Malaria in Young Children.

🎯 Archid Ply :
Board meeting on August 12 to consider Demerger of Chintamani unit to Archidply Decor.

🎯 TD Power System :
Receives order from European MNC worth Rs.750 cr, order to be executed over 10 years.

🎯 Gabriel India :
Crisil Revises outlook on long term bank facility to positive from stable.

🎯 Syndicate Bank :
India Ratings revises outlook from stable to positive on additional tier 1 bonds.

🎯 Punjab National Bank :
Punjab National Bank has raised Rs 1500 crore Additional Tier - I (Basel III Compliant) Capital Bonds at a coupon of 8.98 percent p.a. on private placement basis.

🎯 GTL Infra :
PE Firms eye GTL Infra stake.

🎯 Cadila Healthcare :
Gets US FDA nod for colitis drug.

🎯 IDBI :
Federal life insurance in talks for 100 percent stake sale.

🎯 Tata Steel :
Tata steel looks to buy debt laden firms.

🎯 Binani Cement :
NCLT admits BOB petition against Binani Cement The Indian Express.

🎯 Indraprastha Gas :
The company announced the revision in the selling prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in NCT of Delhi, Noida, Greater Noida and Ghaziabad to offset the overall impact on its costs after transition to GST regime. 

Edited by Sharp.
© Sharp Investment & Financial Advisers

25th July, Morning Brief

Market will open positively as SGX Nifty is trading up by 7 points.

The index closed at a fresh record closing high on Monday and could make an attempt to hit 10,000 market today. Many analysts were pessimistic in the past journey of Nifty but market were marching towards new highs. So guessing the levels is put of question but to follow strict disciplinary actions is much necessary. Profit booking at the higher levels is much obvious.

🎯 News & Impact 🎯

🎯 Results Today : 
Bharti Airtel, Hero MotoCorp, Asian Paints, Axis Bank, Vedanta, ICICI Prudential

🎯 Indiabulls Housing Fin :
Consolidated Net Profit At Rs.788.2 Crore Versus Rs.630 Crore (YoY).
Consolidated Revenue At Rs.2,956 Crore Versus Rs 2,372 Crore (YoY).
Positive for the stock.

🎯 Zeel :
Consolidated net profit up 16 % at Rs.251.4 crore versus Rs.217 crore (YoY).
Consolidated total income down 2 % at Rs 1,540 crore versus Rs 1,572 ct (YoY).
Positive for the stock.

🎯 Ambuja Cement :
Standalone Operating Income At Rs. 3,260 Crore Versus Rs.2,900.1 Crore (YoY).
Standalone Net Profit At Rs.392.2 Crore Versus Rs. 451.9 Crore (YoY)

🎯 Hudco :
Net Profit At Rs.210.8 Crore Versus Rs. 138.7 Crore (YoY)
Total Income At Rs.929.1 Crore Versus Rs. 891.1 Crore (YoY).

🎯 L&T Infotech :
Consolidated Net Profit At Rs.267.2 Crore Versus Rs.254.5 Crore (QoQ).
Consolidated Total Income At Rs.177.9 Crore Versus Rs.1727.4 Crore (QoQ).

🎯 Glenmark Pharma :
Aurangabad plant gets zero observation in US FDA inspection. Also receives ANDA approval for Desonide cream.
Positive for the stock.

🎯 Ratnamani Metal :
Ratnamani Metal bags two new orders for supply of HSAW Pipes aggregating to Rs.339.00 crore

🎯 Hindustan Copper :
Hindustan copper signs MoU with Mishra Dhatu Nigam limited, a CPSE for joint collaboration in production of Copper-Nickel tubes and related items

🎯 IGPetro :
IGPetro has decided to undertake a study to evaluate expansion of its Phthalic Anhydride manufacturing facility at Taloja and its downstream product

🎯 Patel Engineering :
NCLT approves scheme of amalgamation of Patel Realty (India) (wholly owned subsidiary) with Patel Engineering.

🎯 Uttam Sugar Mills :
CARE upgrades rating to BB- from B for long term bank facilities.
Positive for the stock.

🎯 Triveni Engineering :
National Green Tribunal allows Triveni Engineering to carry on manufacturing activities of its distillery at UP.

🎯 Tilaknagar Industries :
NCLT initiates corporate insolvency process for unit Prag Distillery.

🎯 Infy :
USD 2 billion buyback tied in regulatory knots.

🎯 IL&FS :
IL&FS private equity arm plans USD 1 billion infra fund.

🎯 JSW Energy, JP Power :
JSW Energy puts JV with Toshiba in backburner and also likely to call off the Bina power deal.

🎯 Amtek Auto :
Amtek Auto says insolvency proceedings accepted by NCLT.

🎯 Wipro :
Wipro arm invests in VC fund work-bench.

Edited by Sharp.
© Sharp Investment & Financial Advisers

24th July, Morning Brief

Flat opening expected as SGX Nifty is trading positively by 15 points.

🎯 News & Impact 🎯

Major Results Today :
HDFC Bank, Ambujacement, Zee Entertainment, HUDCO, Indiabulls Realty, Tata Communications, Texmaco Rail & Infra.

🎯 Avenue Supermarts (D-Mart) :
Net Profit Up 47.7% At Rs.174.7 Cr Vs Rs.118.4 Cr (YoY).
Total Income (GU)35.7% At Rs.3,598 Cr Vs Rs.2,652.4 Cr (YoY).
Positive for the stock. 👍

🎯 Vijaya Bank :
Net Profit Up 57.5% At Rs.254.69 Cr Vs Rs.161.66 Cr (YoY)
NII (GU)20.6% At Rs.943.8 Cr Vs Rs.782.6 Cr (YoY).
Gross NPA (GU)6.7% At Rs.6812.2 Cr Vs Rs.6381.8 Cr (QoQ).
Positive for the stock. 👍

🎯 J&K Bank :
Profit After Tax At Rs.268.37 Cr Vs Rs.22.8 Cr (YoY).
NII (GU)12.6% At Rs.712.2 Cr Vs Rs.632.6 Cr (YoY).
Net NPA At 4.65% Vs 4.87% (QoQ).
Positive for the stock. 👍

🎯 Lupin :
Lupin's Goa facility inspection concluded by US FDA without any observation.
Positive for the stock. 👍

🎯 Dishman Pharma :
Company says Dishman Carbogen Amcis Gets In-Principle Nod For Listing of 16 Cr Shares Of Rs.2 Each.
Positive for the stock. 👍

🎯 Divi's Labs :
Net Profit (RD)41.5% At Rs.176.54 Cr Vs Rs. 301.8 Cr (YoY).
Total Income (RD)19.3% At Rs.821.20 Cr Vs Rs.1,017.2 Cr (YoY).
Negative for the stock. 👎

🎯 Amtek :
Amtek Global Technologies Pte. Ltd., subsidiary of Amtek Auto Limited, has entered into an arrangement to sell its UK based subsidiaries' plants to Liberty Group.

🎯 Astrazeneca Pharma :
Company Launches Osimertinib and Tagrisso in India.

🎯 Tata Sponge :
Tata Sponge receives in Principle approval for setting a steel plant of capacity upto 1.5 MTPA, in phases at Beleipada, Keonjhar District, Odisha.

🎯 TTML :
Tata Teleservices ICRA revises outlook to stable from negative on all fund based activities.
Positive for the stock. 👍

🎯 Speciality Restaurants :
Company says Opening of new 'POH (Progressive Oriental House)' restaurant by Speciality Restaurants Limited (the 'Company') at Mumbai.

🎯 Hero Motocorp :
Company renews ISL title sponsorship deal.

🎯 HCC, Gammon infra, IVRCL, Punj Loyd, Patel engineering :
Debt hit cos pin hopes on PSU arrears to reduce Financial stress.

🎯 Tilaknagar Industries :
Rivals eye Tilaknagar industries brand Mansion house brandy as edelweiss Mops up parent debt.

🎯 PNB,BOB,Syndicate :
To raise `7000 cr via AT-1 bonds.

🎯 Dr Reddys :
Dr Reddy's Lab receives Establishment Inspection Report For CTO SEZ In Srikakulam (CTO SEZ Is A New API Unit In Srikakulam).

🎯 Persistent Systems :
To Acquire Swiss Co PARX In All Cash Deal.

🎯 Tata Motors :
Tata Motors Considering Offering Non-convertible Debentures Of Upto Rs.1,000 Cr.

🎯 Rane Engine :
Rane Engine Valve Seeks Shareholder Nod For Reappointment Of L Ganesh As MD.

🎯 Singer India :
Singer India Gets Shareholder Nod For Reappointment Of Rajeev Bajaj As MD.

Edited by Sharp.
© Sharp Investment & Financial Advisers

21st July, Morning Brief

Market may open on a flat note tracking SGX Nifty.
On the daily chart, Nifty made a bearish candle similar to bearins engulfing pattern. This pattern usually gives an early indication of a bearish trend. 
9830 will be considered as a good support on a closing basis for Nifty50.

🎯 News & Impact 🎯

Results Today :
Ashok Leyland, Persistent Systems, Tata Sponge, DHFL, Can Fin Home, Atul, Quess Corp, MRPL, Indian Bank.

🎯 Reliance Industries :
Cons Revenue At Rs.90,537 Cr Vs Rs. 92,889 Cr (QoQ).
Cons Net Profit At Rs.9,079 Cr Vs Rs.8,053 Cr (QoQ).
Positive for the stock. 👍

🎯 Balaji Tele :
To Issue 2.5 Cr Shares To Reliance Ind At Rs.164/Sh On Pref Basis.
Balaji Tele Promoter Stake In Co To Come Down To 32.5% Post Share Sale.
Reliance Industries Invests Rs.413 Cr To Buy 24.9% Stake In Balaji Tele.
Positive for the stock. 👍

🎯 Wipro :
Revenue At Rs.13,025.6 Cr Vs Rs.13,402 Cr (QoQ).
Cons Net Profit At Rs.2,077 Cr.
CC Growth At 0.3% Vs Guidance Of -2% To 0%.
Board Approves Buyback Upto 343.75 m Shares.
Board Approves Buyback Via Tender Offer At Rs.320 Per Share.
Positive for the stock. 👍

🎯 RBL Bank :
Net Profit (GU)45% At Rs.141 Cr Vs Rs. 97.3 Cr (YoY).
NII (GU)54.7% At Rs.378.4 Cr Vs Rs.244.6 Cr (YoY).
Gross NPA 1.46% Vs 1.2% (QoQ).
Positive for the stock. 👍

🎯 Kwality :
Brickwork revises rating from Stable to Positive for Fund Based Long term and NCD;s
Positive for the stock. 👍

🎯 Bajaj Auto :
Company may join KTM in race to buy Ducati. Close To Finalising An Alliance With A Global Brand; Announcement In 1-2 Wks.
Potential Alliance Will Open Up Up Enormous Possibilities For Growth
Positive for the stock. 👍

🎯 Zee Media :
Zee media in advanced talks to buy BTVi.
Positive for the stock. 👍

🎯 InterGlobe Aviation :
IndiGo said to pick banks like CitiGroup,JP Morgan Chase and Morgan Stanely for institutional share sale.
Positive for the stock. 👍

🎯 Road, logistics stocks: The government has approved a plan to build 34 mega multi-modal logistics parks at an investment of Rs 2 lakh crore. The projects, for which land is already available with state governments, will be taken up through public-private-partnerships.
Positive for the sectors. 👍

🎯 Inox Wind :
Long term rating AA- placed on rating watch with negative implications.
Negative for the stock. 👎

🎯 GE Power India, Siemens :
Three consortia led by multinational transportation giants Alstom, Siemens and Stadler Bussnang AG are in the race to set up an electric rail coach factory in West Bengal. The proposed rail coach factory that would produce coaches with aircraft-type interiors is expected to come up on railway land in Kanchrapara near Kolkata on a public-private partnership basis and will involve a total investment of Rs 2,000 crore. 

🎯 JP Associates :
Rakesh Jhunjhunwala Buys 1.03% Stake In Co In Apr-Jun Qtr.

🎯 Future Consumer :
Mr. Devendra Chawla- Chief Executive Officer of the Company has tendered his resignation.

🎯 Mercator :
BM on July 25th to consider fund raising.

🎯 South India Paper Mills :
Workers agree to call of strike.

🎯 Welspun :
Welspun Corp company wins order from customer in India for supply of 100K MT's Piper for water projects in India.

🎯 ABG Shipyard :
Company agrees to insolvency proceedings.

🎯 Jaypee Infra :
JP Infra has time till Aug 4 to respond to insolvency plea.

🎯 IT dept slaps $14mn tax demand on Make My trip.

Edited by Sharp.
© Sharp Investment & Financial Advisers

20th July, Morning Brief

Market likely to open on a flat note with a positive bias as positive closing in US markets and positive start by Asian markets.

The index formed a strong bull candle on the daily candlestick charts on Wednesday. A strong bull candle on the daily charts and the crossing of 5-days exponential moving average (DEMA) on a closing basis is a positive sign for the bulls.

🎯 News & Impact 🎯

🎯 Results Today :
Reliance Industries, Wipro, Kotak Mahindra Bank, Hindustan Zinc, RBL Bank, Bajaj-Auto.

🎯 Canara Bank :
Net Profit (GU)9.9% At Rs.251.6 Cr Vs Rs.229 Cr (YoY).
NII (GU)17.6% At Rs.2,713.2 Cr Vs Rs.2,307 Cr (YoY).
Gross NPA At 10.56% Vs 9.63% (QoQ).
Gross NPA At Rs.37,658 Cr Vs Rs.34,202 Cr (QoQ).
Provisions At Rs.2,204 Cr Vs Rs.2,709 Cr (QoQ) Vs Rs.1,493 Cr (YoY)

🎯 Bajaj Finserv :
Cons Net Profit (GU)21.9% At Rs.655.1 Cr Vs Rs.537.5 Cr (YoY).
Cons Revenue (GU)25.7% At Rs.6,581 Cr Vs Rs.5,234 Cr (YoY).
Positive for the stock. 👍

🎯 KPIT Technologies :
Cons Net Profit At Rs.55.5 Cr Vs Rs.53.7 Cr (QoQ).
Cons Total Income At Rs.882.4 Cr Vs Rs.859.7 Cr (QoQ).

🎯 ONGC - HPCL :
Cabinet Gives ONGC In-principle Nod To Buy Govts Stake In HPCL. HPCL To Remain As An ONGC Subsidiary.
Positive for the stocks. 👍

🎯 Godrej Industries :
Files DRHP for Godrej Agrovet.
Positive for the stock. 👍

🎯 Indigo :
IndiGo to pare promoters stake in airline to meet regulatory norm.
Current promoters holding at 85%
Positive for the stock. 👍

🎯 Aviation Stocks(Jet, InterGlobe, Spicejet) :
Domestic air traffic registered a 20 per cent growth with domestic carriers ferrying 95.86 lakh passengers in June as compared to 79.75 lakh travellers during the corresponding period last year, as per air traffic data . IndiGo has retained its tag as the market leader.
Positive for the stocks. 👍

🎯 TCS :
Tata group mulls moving all tech ops under TCS.
Positive for the stock. 👍

🎯 Dwarikesh Sugar :
ICRA upgrades rating from A- to A with stable outlook for long term loan facilities of Rs.599.99 Crs.
Positive for the stock. 👍

🎯 DLF :
DLF - Haryana govt issues notice for advertising projects without registering them under RERA.
Negative for the stock. 👎

🎯 Just Dial :
Board meeting on 24th July to consider buyback.

🎯 Piramal Enterprises :
Piramal Enterprises enters into JV agreement with Bain Capital, to transfer 50% in held in Piramal Asset reconstruction to Bain capital.

🎯 Zee Entertainment : 
Indian media conglomerate Zee entertainment is in advanced talks to buy 9X Media, which owns a clutch of Hindi and regional music channels, and the deal could be announced this month.

🎯 Bhageria Industries :
Company commissions entire 30 MV solar plant at Ahmednagar.

🎯 Elpro International :
Board to consider rights issue.

🎯 Atlas Cycles :
Board meeting on 4th August to consider Sub division of equity shares.

🎯 Trent :
Board approves entering into definitive agreement with Trent Hypermarket Private Limited (THPL), a JV of the Company, for acquiring their value fashion apparel business.

🎯 Kei Industries :
KEI Industries to set up manufacturing plant for LT power and control cables with an est. cost of 45-50cr.

🎯 Tube Investments :
NCLT sanctions scheme of arrangement between Tube Investments (Demerged co.) and TI financial Holdings ltd

🎯 JSW Steel :
Company may revise bid for assets of Monnet ispat.

🎯 Bhushan steel :
Bhushan steel and SBI lock horns over calculation of loan amount.

🎯 JSW Steel :
Company keen on Bhushan and even Essar Steel.

🎯 Tata Group :
Tata group seeks details of AI disinvestment.

🎯 Amtek Auto :
No bankruptcy proceedings initiated against Amtek Auto.

Edited by Sharp.
© Sharp Investment & Financial Advisers

19th July, Morning Brief

Market may open with a flat-positive note as SGX Nifty is trading up with 12 points.
9830 will be the key support for Nifty.

🎯 News & Impact 🎯

🎯 Results Today :
Mindtree, Canara Bank, KPIT Technologies, Havells India, Canara Bank, NBFCs Bajaj Finserv, Bajaj Finance, Amtek Auto, Mastek.

🎯 HUL :
Net Profit (GU)9.3% At Rs.1,283 Cr Vs Rs.1,174 Cr (YoY).
Revenue (GU)4.7% At Rs.9,222 Cr Vs Rs.8,802 Cr (YoY).
Positive for the stock. 👍

🎯 HT Media :
Cons Net Profit (GU)85.4% At Rs.41.5 Cr Vs Rs.22.4 Cr (YoY).
Cons Revenue (RD)2.5% At Rs.599 Cr Vs Rs.614.7 Cr (YoY).

🎯 Auro Pharma :
Aurobindo Pharma gets US FDA Approval For Sevelamer Tablets (Used To Treat Patients With Chronic Kidney Diseases).
Positive for the stock. 👍

🎯 JM Financial :
Subsidairy acquires 8.5% in Spandana Sphoorty.
Spandana is engaged in the Business of micro finance lending.
Positive for the stock. 👍

🎯 ITC :
Credit Suisse Removes ITC From Asia Ex-Japan Focus List.
Negative for the stock. 👎

🎯 Religare :
ICRA revises rating to A from AA- on long term debt programme.
Negative for the stock. 👎

🎯 Amtek auto :
KKR moves to liquidate Amteks overseas assets.
Negative for the stock. 👎

🎯 Alok Industries :
The National Company Law Tribunal (NCLT) on Tuesday admitted insolvency proceedings against textile company Alok Industries, which owes about Rs.23,000 crore to a consortium of lenders.
Negative for the stock. 👎

🎯 Reliance :
Reliance Industries and Shell India have challenged the government decision to demand $3 billion from the contractors of Panna, Mukta and Tapti fields.

🎯 Ashok Leyland :
Company enters into strategic alliance for electric mobility solutions with Sun Mobility.

🎯 Zee Entertainment :
Zee entertainment acquires 100% in Fly by wire for 1.4cr.

🎯 Glenmark Pharma :
The drugmaker has signed a pact with Cyndea Pharma for generic soft-gelatin capsule.

🎯 Tata Power :
Tata Power to investr 90mn$ in renewablew energy arm TPREL.

🎯 Videocon Industries :
PEs backed Crompton may offer 1500cr for kenstar.

🎯 Monnet Ispat :
declared insolvent despite JSW offer.

🎯 CCI Approves Acquisition Of 20% Stake In One97 Communications By Softbank Group

Edited by Sharp.
© Sharp Investment & Financial Advisers

18th July, Morning Brief

🎯 News & Impact 🎯

🎯 Results today: 
HUL, Ultratech, CRISIL, Sundaram Finance, Network 18, TV18 Broadcast, Jubilant Life, Jay Bharat Maruti, Maharashtra Scooters, TCFC Finance, Sasken Technologies, Kothari World, JSL Industries, HIL, Bharat Seats, Artson Engg.

🎯 ITC, Godfrey Phillips & VST Industries :
GST rate on cigarette remains at 28 % & ad valoream at 5 %.

🎯 ACC :
Consolidated revenue up 20.5 percent at Rs 3,959 crore versus Rs 3,286 crore (YoY).
Consolidated profit up 32.6 percent at Rs 326.2 crore versus Rs 246.1 crore (YoY).

🎯 IOC :
Government plans to create three oil PSU Giants.
IOC is likely to acquire the government's 66.13 percent stake in upstream firm Oil India.

🎯 Reliance - ONGC :
The government has ordered RIL, Shell and ONGC to pay a combined $3 billion in penalty following an arbitration award in the Panna Mukta Tapti (PMT) oil field dispute that went in favour of the government, according to people familiar with the matter. RIL and Shell have appealed the arbitration award in a UK court.

🎯 GAIL :
The CCI has ordered a fresh investigation against state-owned Gas Authority of India Ltd. for alleged abuse of dominant position with regard to supply of natural gas. Second time in a week alleged unfair business practices.

🎯 Tata Motors :
Develops first bio-methane bus.

🎯 HDFC :
HDFC & Standard Life to sell up to 20 % of paid-up & issue equity share capital.

🎯 SBI :
SBI files DRHP with SEBI for SBI Life IPO of up to 12 crore shares.

🎯 TVS Motor :
TV S Motors surpas sed Hero Moto-Corp in scooter sales in the fiscal first quarter, growing at more than 35 % when the segment volume at the two-wheeler market leader fell marginally. 

🎯  Coal India : 
Reports suggested that Coal India's 10 per cent stake sale has been deferred following a sharp decline in the stock price.

🎯 Zee Media Corp. :
Zee Media Corp has established a wholly owned subsidiary in the name and style of Ez-Mall Online to engage in web-based e-commerce business, to complement TV-based e-commerce business currently.

🎯 Bajaj Hindustan : 
CARE revises rating to D from BB on long term bank facilities.
Negative for the stock.

🎯 Speciality Restaurants :
First bakery and confectionery unit of speciality restaurants called 'DARIOLE' has opened its doors for commercial operations.

🎯 Balaji Telefilms :
Board meeting on July 20 to consider various fund raising options including raising funds through issue of securities on preferential basis.

🎯 HCC :
HCC allots 47.59 lakh shares to Vijaya Bank on loan conversion under S4A.

🎯 Dabur :
Dabur honey hit by Patanjali's aggressive pricing - BS.
Negative for the stock.

🎯 Aditya Birla Nuvo :
Aditya Birla Nuvo transfers 23 % stake in Idea cellular to Grasim.

🎯 Bhushan Steel :
NCLT to hear plea on Wednesday.

🎯 Hindustan Motors :
HPCL drags Hindustan Motors to insolvent tribunal.
Negative for the stock.

🎯 Britannia :
Britannia mulls expansion of dairy business.
Positive for the stock.

🎯 Shriram Transport Finance :
Committee approves raising up to Rs 300 crore via NCDs.

🎯 Mafatlal Industries :
NOCIL says raised stake in Mafatlal Industries by 4.92 % to 14.05 %.

🎯 Gallantt Ispat :
The company's board hs approved availing of loan worth Rs 60 crore from HDFC Bank.

🎯 Bharti Airtel :
Reports suggest that telecom major Bharti Airtel may go for consolidation as Etisalat Nigeria looks for buyers.

🎯 NHPC :
The company's board will meet on July 27 to consider raising Rs 5000 crore via bonds/debentures.

Edited by Sharp.
© Sharp Investment & Financial Advisers

17th July, Morning Brief

Again a gap-up start will cheer the market as SGX Nifty is trading up by 38 points in this morning.

For the momentum to continue, Nifty has to continue to hold 9,810 - 9850 zone to witness an up move towards 9,950-10,000 zones while on the downside supports are seen at 9,810 then 9,750 mark.

Chinese economic data handily topped forecasts with second quarter GDP rising 6.9 % on the year. - Reuters.

🎯 News & Impact 🎯

🎯 Results Today :
ACC, Jubilant Foodworks, Prakash Industries, Hindustan Media Ventures, Linde India, Indian Metals.

🎯 DCB Bank :
Private sector lender DCB Bank reported a 38% rise in net profit for the first quarter of this year amidst a slight worsening of the quality of assets held by the bank. In a filing to the stock exchanges, the bank reported a net profit of Rs 65 crore against Rs 47 crore last year. 

🎯 Ujaas Energy :
Net Profit At Rs.10.8 Cr Vs Rs.13.8 Cr (YoY).
Total Income (RD)3% At Rs.162 Cr Vs Rs. 167 Cr (YoY).

🎯 Gruh Finance :
Net Profit At Rs.72.2 Cr Vs Rs.60.18 Cr (YoY).
Total Income At Rs.398.12 Cr Vs Rs. 346.34 Cr (YoY).

🎯 Karnataka Bank :
Net Profit At Rs.133.85 Cr Vs Rs.121.54 Cr (YoY).
Net NPA At Rs.1229.84 Cr Vs Rs.911.23 Cr (YoY) & `974.73 Cr (QoQ).

🎯 BPCL :
BPCL has bought a cargo containing 500,000 barrels each of Mars and Poseidon for delivery from September 26 to October 10, its first purchase of US oil. 

🎯 GTL Infra :
Global, local cos queue up to buy GTL infra.
Telecom tower company plans to complete sale by March next year.

🎯 Triveni Engineering :
Contesting Legal Case Before NGT On Alleged Pollution By Its Distillery Unit.
NGT Said Cos Muzzafarnagar Distillery Should Not Operate Pending Submission Of Action Plan.
Negative for the stock.

🎯 Wipro :
Board meeting on 20th July to consider buyback.

🎯 Tata Steel : 
The steelmakerhas emerged as the first steel company to enter into a Long Term Tariff contract (LTTC) with Indian Railways.

🎯 MOIL :
The company has signed an MoU with the steel ministry to meet production target of 12.50 lakh tonnes and a capex of Rs 205.80 crore in the ongoing financial year. 

🎯 Inox Wind :
Corporate Insolvency Resolution Process (CIRP) has been initiated against the Co.
Negative for the stock.

🎯 Alkem Labs :
Alkem labs received no Form 483 observations from USFDA after inspection at bioequivalence facility located at Taloja.
Positive for the stock.

🎯 ICICI Bank :
Subsidiary company, ICICI Lombard General Insurance Company has filed a DRHP with the SEBI for a public offer of up to 86,247,187 Equity Shares.
Positive for the stock.

🎯 Capital First :
Company raises Rs.475cr by issue of NCDs on private placement basis.

🎯 Alembic Pharma :
Alembic inaugurates Company's Anti-Cancer Manufacturing Facility at Panelav.

🎯 WPIL :
Board approves the proposal for acquisition of an Alloy and Stainless Steel Castings Foundry in Nagpur.

🎯 Adhunik Metals :
State Bank of India ('SBI'), the lead banker of the Adhunik Metals has initiated the 'Corporate Insolvency Resolution Process' against the co. on 11th July, 2017
Negative for the stock.

🎯 Lypsa Gems :
Board approves the Allotment of Bonus Shares in the ratio of 2:5.
Positive for the stock.

🎯 Cadila Healthcare :
Zydus receives Tentative Approval from the USFDA for Fingolimod Capsule.
Positive for the stock.

🎯 Indraprastha Gas :
Indraprastha gas receives permission from Director of Industries & Commerce, Haryana to lay Gas distribution network in Gurugram.
Positive for the stock.

🎯 Shreyas Shipping :
Shreyas Shipping signs MOA for Acquisition of one multipurpose vessel of about 1100 teus.

🎯 Akshar Chemicals :
QIP opened on 14th July, base price set at 816/share.

🎯 Patel Integrated Logistics :
Company approves cancellation of 2.7 lkh equity warrants allotted to non promoter.

🎯 Nocil :
Nocil board approves acquisition of 6.85 lkh of Mafatlal Ind (18cr) shares held by Navin Fluorine.

🎯 Linc Pens :
Company commenced commercial production of new manufacturing facility at Umbergaon, Gujarat.

🎯 GMR Infra :
Abudabhi investment authority looks to buy up to 49% in GMR's Hyderabad airport.

🎯 M&M :
M&M to soon open its manufacturing unit in US , make off road utility vehicles. Mahindra group to pump $1 bn in US over nect 5 years.

🎯 NBCC :
NBCC eyes 25% revenue growth in FY18.

🎯 HPCL :
HPCL to invest Rs.61000cr by 2021 on expansion projects.

14th July, Morning Brief

Market will open on higher note as SGX Nifty is trading at 9914, up by 20 points.

Bulls tightened their grip on Dalal Street, with frontline gauges extending their record hitting streak for fourth straight session with Sensex conquering 32,000 mark, while Nifty settled just short of 9,900 mark.

Lower inflation figures definitely opened the chances to cut the interest rates in coming months.

🎯 News & Impact 🎯

🎯 Results Today :
Infy, Bhansali Engineering.

🎯 TCS :
Dollar revenue up 3.1 % at USD 4,591 million versus USD 4,452 million (QoQ).
Rupee revenue down 0.2 % at Rs.29,584 crore versus Rs.29,642 crore (QoQ).
Net profit down 10 % at Rs.5,945 crore versus Rs.6,608 crore (QoQ).
TCS said Forex fluctuation led to Rs 650 crore loss in reported revenue.
Negative for the stock. 👎

🎯 Cyient :
Cyient has posted a 18.7 % rise in its June quarter net at Rs.87.8 crore from the Rs.74 crore in the year-ago period. 
The company's total income rose 8.6 % to Rs.907 crore during the reporting quarter.
Negative for the stock. 👎

🎯 Biocon :
US FDA advisory committee recommends approval of Biocon, Mylan's biosimilar.
Positive for the stock. 👍

🎯 Cadila Healthcare :
Zydus gets tentative US FDA nod for Fingolimod capsules.
Positive for the stock. 👍

🎯 Zee :
NCLT has approved the composite scheme of arrangement between the company and Reliance Big Broadcasting for demerger of the general entertainment broadcast business.
Positive for the stock. 👍

🎯 GTPL Hathway :
Company acquires remaining 49 percent stake in GTPL TV Tiger, making it a wholly owned subsidiary.
Positive for the stock. 👍

🎯 PNB Housing Finance :
CRISIL revises rating on loan facilities to AA /stable from AA /negative.
Positive for the stock. 👍

🎯 ILandFS :
Blackstone in talks to buy USD 525 million IL&FS Realty Fund.
Positive for the stock. 👍

🎯 Max Life :
HDFC Life may call off merger plan with MaxLife, focus on IPO.
Negative for the stock. 👎

🎯 Bhusan Steel :
SBI & PNB initiate proceedings against Bhusan steel, Power.
Negative for the stock. 👎

🎯 Blue Star :
Blue Star has tied up with Comfort Solutions for distribution of unitary products. 

🎯 Ramkrishna Forging :
QIP opened on July 13, floor price of Rs. 523 per share.

🎯 Pricol :
acquires 100 percent of the wiping systems business of Ashok Piramal group's PMP Auto Components Private Limited.

🎯 GVK :
completes sale of its residual stake of 10 percent in Bangalore Airport for Rs 1,290 crore.

🎯 ICICI Bank :
ICICI Group buys stake in Infibeam for Rs 11 crore. Snapdeal may merge with Infibeam to create USD 2 billion company.

🎯 Tata Group :
Tata group in talks with 21st Century Fox to sell Tata Sky.

🎯 Tata Steel :
Tata Steel seeks shareholders nod to raise Rs 10,000 crore. 

🎯 Monnet Ispat  :
JSWs offer to buy Monnet Ispat stake was not good enough, SBI tells NCLT.

🎯 L&T :
Blackstone set to buy 1 million square feet from L&T Realty for Rs 1,000 crore.

🎯 Kwality :
SEBI slaps Rs 12 lakh on Kwality and 5 promoters for violating disclosure procedures.

Edited by Sharp.
© Sharp Investment & Financial Advisers

13th July, Morning Brief

Gap up opening expected as SGX is trading up by 40 points.

CPI inflation for June stood at a series low of 1.5 %.
The growth in IIP stood at 1.7 per cent in May, compared with 2.8 per cent in April.

🎯 News & Impact 🎯

🎯 Results Today :
TCS, Cyient, Hatsun Agro, MCX India.

🎯 Parag Food :
ICRA revises rating to A- from BBB for long term facilities.
Positive for the stock.

🎯 Speciality Restaurants :
Speciality Restaurants grants rights to franchisee to open 3 restaurants under its brand 'Mainland China Asia Kitchen' in United Arab Emirates.
Positive for the stock.

🎯 Max :
Max Life prepare a new structure for merger with HDFC.
Positive for the stock.

🎯 Hatsun Agro :
Inked a pact with a German-firm for greenfield plant.

🎯 Future Lifestyle Fashions :
CARE upgrades rating to AA- from A on long term bank facilities.

🎯 Jindal Saw :
Board decides to amalgamate subsidiaries.

🎯 Pincon Spirits & GM Breweries :
Supreme Court exempts Arunachal, Andaman Nicobar from liquor ban ruling.
Positive for the stocks.

🎯 Binani Industries :
Bank of Baroda moves NCLT to recover Rs 97 crore from Binani Cement.
Negative for the stock.

🎯 IDFC :
Infrastructure lending arm to raise Rs 1,500 crore in bonds.

🎯 Ashoka Buildcon :
Company eyes Rs 5,000 crore road projects this financial year.

🎯 Religare Enterprises :
Closing down its institutional equity.

Edited by Sharp.
© Sharp Investment & Financial Advisers

12th July, Morning Brief

Market to open with a positive note as SGX Nifty is trading up 13 points.

Indian equity markets ended the session with modest gains. The last hour of trade, however, dragged equity benchmarks to erase gains due to profit booking but still managed to end at fresh record closing highs. 

If Nifty manages to trade above 9775 level for the whole day, we can see this rally to continue on higher side ahead.

🎯 News & Impact 🎯

🎯 Result Today : Bajaj Corp.

🎯 Liquor stocks :
Liquor stocks will be in focus on Wednesday after the Supreme Court clarified that the ban on sale of alcohol within 500 m of any state or national highway will not cover roads within city limits if these lose the highway tag post denotification.
Positive for the sector.

🎯 Reliance :
The government today gave green signal to Reliance Industries for expansion of its petrochemical complex in Gujarat, entailing investment of Rs 2,100 crore. 

🎯 Tata Steel :
Tata Steel UK has signed a definitive sale agreement to sell two of its pipe mills in Hartlepool to Liberty House Group.

🎯 Bodal Chemicals :
Ashish Kacholia, known for his multi-bagger mid- and small-cap picks, has bought 12 lakh shares or 1.09% stake in Bodal Chemicals at Rs 165 per share on Tuesday,bulk deal data on the BSE showed. Bengal Finance and Investment also bought 7.25 lakh shares of Bodal Chemicals at Rs 166.69 per share.

🎯 ICICI Bank :
As per a media report, ICICI Bank and Prem Watsa’s Fairfax Financial Holdings may together dilute a stake of at least 20 per cent in the initial public offering IPO of ICICI Lombard General Insurance Company.

🎯 Tata Global Beverages :
According to a media report Tata Global Beverages (TGBL) has decided to sell its stake in various Tata group listed companies to its parent, Tata Sons, in the next few months. 

🎯 Britannia, ITC :
The Supreme Court has asked Britannia and ITC to settle their dispute regarding the alleged deceptive packaging of their digestive biscuits out of court. 

🎯 Vista Pharma :
US FDA issues warning letter to Vista Pharmas Telangana unit.
US FDA issues 2 observations for Telangana unit, inspected from September 19-23, 2016.

🎯 HMT :
HMT to close 3 subsidiaries and dispose of their assets.

Edited by Sharp.
© Sharp Investment & Financial Advisers

11th July, Morning Brief

Market will open positively as SGX Nifty is trading up 23 points.

Yesterday it turned out to be a fabulous day of trade for Indian equity markets, with bulls tightening their grip with frontline indices ending at all time closing highs. 

🎯 News & Impact 🎯

Results today: IndusInd Bank, South Bank, CCL Products.

🎯 Cadila Healthcare :
Zydus gets tentative US FDA nod for Lurasidone Hydrochloride tablets.
Positive for the stock. 👍

🎯 Alembic Pharmaceuticals :
Company receives USFDA tentative approval for Dabigatran Etexilate capsules.
Positive for the stock. 👍

🎯 SBI :
Board approves divestment of SBI's stake in SBI Life through an IPO; offer for sale of 8 crore shares.
Positive for the stock. 👍

🎯 Sugar stocks :
The government increased import duty on sugar to 50 per cent to curb dumping of the commodity in India as international prices fell. The industry expects the move to prevent a build-up of arrears in payments to sugar cane farmers in the next season starting October 2017.
Negative for the sector. 👎

🎯 Jet Airways :
Global carriers, PE hover around to acquire 24 percent stake.

🎯 Bharti Airtel : 
Bharti Airtel announced the launch of Project Next - its digital innovation program aimed at transforming customer experience across all of its services and touch points. 

🎯 GSFC :
Gujarat State Fertilizers & Chemicals (GSFC) announced an emergency shutdown of ammonia-IV plant on July 6, 2017 due to detection of leakage of high pressure process gas from hot header of reformer box.

🎯 Bajaj Electricals :
Acquires 28 percent equity shares in Starlite.
Shareholding of company in Starlite Lighting rises from 19 % to 47 %.

🎯 Reliance Power :
The company said it has redeemed and paid interest in respect of its 2500 –10.20% unsecured redeemable non-convertible debentures series I (2016) of Rs 10 lakh each aggregating to Rs 250 crore on the due date 10 July 2017.

🎯 Cyient :
Cyient said it has subscribed to 49 per cent of share capital of a newly incorporated company Cyient Solutions and Systems.

🎯 Patel Integrated Logistics :
Company signs letter of intent to acquire a warehouse of 35000 square feet carpet area in Gujarat on 30-year lease basis with Sumar Logistics & Industrial Park.

🎯 Gallantt Metal :
Ind-Ra affirms A- rating to company's long term borrowing.

🎯 Accel Frontline :
Company completes sale of entire shareholding in Accel systems, Singapore to Starhub.

🎯 Ramco Systems :
ICRA reaffirms the long term and short term credit ratings for bank facilities.

🎯 OBC :
Oriental Bank of Commerce revises 1-year MCLR rate to 8.45 percent from 8.5 percent.

🎯 GTL : 
GTL comes clean in audit, lenders to settle debt.

🎯 DCB Corp :
DCB Corp in talks to sell 2520MW power arm to Tata Power, CDPQ, ICICI venture.

🎯 Lanco Infratech :
Company encashes suppliers bank guarantees.

🎯 Inox wind & Suzlon :
GST concerns delay renewable auction in Gujarat: FE

🎯 IOC :
Lanzatech sign statement of intent to construct gas-to-bioethol production unit in India.

🎯 SpiceJet :
SpiceJet's former promoter, Kalanithi Maran of Sun Group, has sought over Rs 2,000 crore compensation from current promoter Ajay Singh and the airline for allegedly causing losses by failing to honour contractual obligations.

Edited by Sharp.
© Sharp Investment & Financial Advisers

10th July, Morning Brief

Market will open positively as SGX Nifty is trading up by 18 points at 8691.

Nifty once again failed to cross the crucial psychological level of 9,700 last session. It formed a Doji pattern on the charts as it closed just around the opening level in the previous trading session last week. It would be interesting to see if it succeeds in breaking the jinx and climbs to a new high in the coming weeks. If Nifty manages to close above 9,675 or surpasses its triple top hurdle of 9,700 zones then a fresh leg of the rally may start to take the index on new high territory which initially will be led by short covering.

🎯 News & Impact 🎯

🎯 AU Small Finance Bank :
Listing today.

🎯 Biocon :
Biocon Gets GMP Nod For Biologics Drug Substance Units From French Regulator.
Positive for the stock. 👍

🎯 IDFC, Shriram Capital :
To Announce Merger To Create $10 Bn Company.
Merged Entity To Have Co-branding IDFC Shriram.
Shriram Transport Fin & Shriram City Union To Merge With IDFC Bank. Which will become largest retail-focused bank.
Positive. 👍

🎯 Satin Creditcare :
Capital First subscribes to 12.3 lakh warrants of Satin Creditcare at Rs.284.
Capital First intends to make strategic investment in Satin for accessing the widespread distribution channel of the co.
Positive for the stock. 👍

🎯 Fortis Healthcare :
Fortis Healthcare receives approval to enhance FII limit on total holdings to 75%.
Positive for the stock. 👍

🎯 Cadila Healthcare :
Zydus receives Final Approval from the USFDA for Doxazosin Table.
Positive for the stock. 👍

🎯 Navin Fluorine :
Navin fluorine passes resolution for subdivision of equity shares in the ratio of 5 shares for every 1 share held.
Positive for the stock. 👍

🎯 Tata Teleservices :
Crisil revises rating to A/Stable from A-/Negative for long term facilities.
Tata Sons to inject 12k cr more in telecom arm.
Positive for the stock. 👍

🎯 Tata Power :
Tata Power, Essar plants in Gujarat fit for takeover says NTPC.
Positive for the stock. 👍

🎯 CARE Ratings :
After Crisil, now Fitch looking to buy into CARE ratings.
Positive for the stock. 👍

🎯 Jyoti Resins :
Board approves stock split 10 shares for every 1 share held.
Positive for the stock. 👍

🎯 Ferro Alloys :
REC (Financial Creditor) files application under Section 7 of insolvency and bankruptcy code against Ferro Alloys.
Negative for the stock. 👎

🎯 Pokarna :
CRISIL revises rating to BBB-/Stable from BB /stable for long term credit facility.

🎯 Syndicate Bank :
Revises overnight MCLR to 8.05 from 8.3
Revises One Month MCLR to 8.1 from 8.35

🎯 Adlabs Imagica
CARE revises rating to BBB- from D for long term Bank Facilities.

🎯 Monnet Ispat :
IDFC Bank has invoked the pledge of shares of Monnet Power Company Limited held by the Company.

🎯 Sun Pharma :
Sun Pharma enters into settlement with Apotex corporation ltd regarding Modafinil antitrust Litigation.

🎯 FAG Bearings :
FAG bearings to change Name of co to Schaeffler India Ltd.

🎯 Asian Granito :
Company launches new range of tiles.

🎯 Surya Roshni :
Company launches super-efficient BLDC Fan SS-32.

🎯 Siyaram Silk :
BM on July 26th To consider stock split.

🎯SCI :
Shipping Corp of India has taken physical delivery of 'MV SCI Saraswati', a secondhand multi-purpose support vessel (MPSV) of 3,719 DWT capacity.

🎯 RCom :
Reliance Communications presents long term plan to lenders for reducing debt.

🎯 Gati, TVS logistics - Gati, Peepul, TVS logistics keen to acquire Vulcan from snapdeal

🎯 Bhushan steel :
Bhushan essar lenders to tap global investors.

🎯 HPCL :
Hind Petro raises 500mn$ through overseas bond.

🎯 Fertilizer Stocks :
Fertiliser subsidy, DBT may begin in August.
Positive for Chambal, NFL, GSFC, GNFC, RCF.

🎯 United Bank Of India :
Proposes To Approve Allotment Of Unsecured Basel III Complaint Listed Tier-2 Bonds Worth Upto Rs.500 Cr

🎯 Emami :
Emami Says Will Pass On GST Benefits To Consumers & Have Cut Prices Of Emami 7 Oils.

Edited by Sharp.
© Sharp Investment & Financial Advisers

7th July, Morning Brief

Market will open gap down as SGX NIFTY is trading 24 points negatively.

The index is trading near crucial resistance levels, some amount of profit taking cannot be ruled out in the last trading session of the week on Friday.

The Index has failed to surpass its multiple hurdles of 9700 zone and a decisive hold above 9700 mark could start the next leg of the rally led by short covering activities. On the daily chart yesterday Nifty has made kind of inverted hammer and showing bears becoming strong near 9700 zone.

🎯 News & Impact 🎯

🎯 PSU Banks :
The government is likely to infuse more money in state-run banks amid crackdown on bad loans and increasing capital needs under Basel III guidelines. 
Positive for the sector. 👍

🎯 SRTransFin :
IDFC and Shriram groups are in talks to combine all or some of their businesses in a mega union that could straddle traditional banking, consumer lending and truck financing, apart from providing billionaire Ajay Piramal an entry into a highly regulated industry. The board of Shriram Capital will meet on Saturday to discuss a proposal to merge with IDFC Bank.
Positive for the stock. 👍

🎯 Intellect Desgin Arena :
Fixes 18.07.2017 as Record Data for Rights issue.
Board Approves 5 Rights Eq Shares For Every 22 Held.
Positive for the stock. 👍

🎯 Unichem Labs :
Gets US FDA Nod For Quetiapine Fumarate Tablets.
Positive for the stock. 👍

🎯 Glenmark :
Gets US FDA Nod For Olmesartan Medoxomil Tablets.
Positive for the stock. 👍

🎯 Motilal Oswal :
Motilal Oswal seeks Shareholder Nod To Raise Up To Rs.1,000 Cr.
Positive for the stock. 👍

🎯 Bharat Forge :
Kalyani Group and Israel Aerospace Industries (IAI) expands JV to build new Maintenance Centre in India for Selected Advanced Air Defense System.
Positive for the stock. 👍

🎯 SBI :
Regulators approve SBI lifes IPO Plan.
SBI new York sells loans of Jyoti structures US unit.
Positive for the stock. 👍

🎯 Gayatri Projects: The Government of Singapore Investment Corp (GIC) on Thursday acquired a 6.2 per cent stake in the Indian infrastructure company Gayatri Projects in a block deal of about Rs 165 crore. 
Positive for the stock. 👍

🎯  HPCL :
HPCL raises $500 million through Fixed rate notes.
Positive for the stock. 👍

🎯 Tata Communications :
Tata and Bharti Group on a call to explore joint front in telecom and D2h.
Positive for the stock. 👍

🎯 IL&FS :
IL&FS PE in talks with global PE funds brrokfield, I squared cap and Macquarie to sell its majority stake.
Positive for the stock. 👍

🎯 Eros International :
Company says Srei Equipment Fin Acquires 7.4% Stake In Co Via Pledged Shares On July 3.
Negative for the stock. 👎

🎯 YES Bank :
The private sector lender has partnered with fintech startups like Redcarpetup, Anytime Loans and FRS Labs among few others to adopt innovative technology-based solutions for various businesses, such as lending, anti-fraud detection and easier customer onboarding processes.

🎯 HPCL and ONGC :
The Cabinet is likely to consider this month sale of government’s 51 per cent stake in Hindustan Petroleum Corp Ltd (HPCL) to Oil and Natural Gas Corp (ONGC) for over Rs 26,000 crore.

🎯 Emkay Global :
The company on Thursday approved raising of funds for aggregate amount up to Rs.150 crore.

🎯 Tata Motors: The auto major announced price reduction in commercial vehicles (cargo) in the range of 0.3 per cent to 4.21 per cent and in commercial vehicles (passenger transportation) in the range of 0.6 per cent to 8.2 per cent post GST to pass on the benefits to its customers.

🎯 Balaji Amines :
Company has received approval from Govt. of India for Expansion Project which includes Acetonitrile (ACN), Morpholine (MOR) & Di Methyl Amine Hydrochloride (DMAHCL) products.

🎯 Virinchi :
Board approves allotment of 1,33,500 shares on exercise of options granted.

🎯 Techno Electric :
Board approves amalgamation with Simran Wind project.

🎯 Emkay :
Board approves raising of funds via various means upto 150 cr.

🎯 Bannari Amman :
Bannari Amman Spinning Mills board approves investment in JV co i.e Young Brand Apparel pvt Ltd.

🎯 JHS Svendgaard :
JHS Svendgaard Laboratories says Conversion of warrants into equity shares to non promoters.

🎯 GTL :
NCLT may take up objection of GTL against Aircel.

🎯 NBCC :
Incorporates Arm NBCC Intl To Carry Out Construction, Real Estate & Project Mgmt Consultancy Biz Overseas.

Edited by Sharp.
© Sharp Investment & Financial Advisers

6th July, Morning Brief

The index is consolidating in a range and as long as Nifty holds above 9530 - 9,550, upside trend still remains intact. A fresh move will come in once Nifty breaks 9710.

Market will open negatively tracking SGX Nifty which was down by 14 points.

🎯 News & Impact 🎯

🎯 Tata Motors :
Total JLR Sales (GU)7% At 9,161 Units Vs 8,591 Units (YoY).
Positive for the stock. 👍

🎯 Bharat Forge :
North America Class 8 Truck Sales (GU)38% YoY.
Positive for the stock. 👍

🎯 Aurobindo Pharma :
Gets Tentative US FDA Nod For Quetiapine Fumarate Tablets (Used For The Treatment Of Schizophrenia).
Positive for the stock. 👍

🎯 M&M :
June Production (GU)7.4% At 38,872 Units Vs 36,199 Units (YoY).
M & M to issue NCD's worth 2000 cr.
Positive for the stock. 👍

🎯 Mandhana Industries :
Banks invoke pledged shares.
Positive for the stock. 👍

🎯 IB ventures :
IB Ventures under sebi scanner for share manipulation.
Negative for the stock. 👎

🎯 HDFC :
HDFC Property Fund the private equity arm of HDFC Ltd. is in advanced talks with prospective buyers to sell its stake in The Windflower Resorts and Spa for about Rs.100 crore, nearly three times its investment of Rs. 30-35 crore.

🎯 Tanla Solutions :
Board Approves Issuance Of 14.8 Lakh Shares To Promoter On Warrant Conversion.
Promoter Stake In Co Increases To 35.21% From 34.33% Post Share Issuance.

🎯 Crompton Greaves :
Consumer Seeks Shareholder Nod To Up Borrowing Limit To Rs.2,500 Cr From Rs. 1,800 Cr.

🎯 Satin Credit :
To Consider Issuance Of Securities To Non Promoters On Pvt Placement Basis.

🎯 RCF :
Issues Commercial Paper Of Rs.120 Cr In Favour Of ICICI Bank.

🎯 Cadila Health :
Company Says Zydus Intends To Enter Into Agmt To License Phibros Poultry Vaccine Tech & Build Vaccine Mfg Unit.
Cadila Helathcare announces their intention to license Phibro's Poultry Vaccine Technologies.

🎯 NBCC :
Secures Total Business Of Rs. 630 Cr In June

🎯 Shriram EPC :
Wins Maiden Transportation Order Worth Rs.71 Cr In Tamil Nadu.
Shriram EPC receives order worth 71cr for Palani Temple ropeway.

🎯 Karuru Vysya Bank :
Cuts Lending Rate By 15-25 bps.

🎯 Cyient :
Cyient in agreement With Kii Corp To Explore Biz Opportunities For Smart City.

🎯 IRB Infra :
IRB Infra Achieves Financial Closure Of Rs.2,088 Cr Udaipur-Gujarat Border Project.

🎯 Vedanta :
According to media reports, the government has asked Vedanta to make a buyback offer for Cairn UK’s 9.8 % equity in the company.

🎯 Goodricke :
Goodricke Group says on-going strike in the District of Darjeeling, West Bengal for the past one week has affected the day to day operations of their Gardens namely; Badamtam, Thurbo and Barnesbeg.

🎯 Alufluoride :
Alufluoride to set up 600kw solar power project for captive consumption at an estimated cost of 2.7cr.

🎯 KEI industries :
KEI sets up plant at the cost of 1.9cr for backward integration for PVC manufacturing plant.

🎯 Timken :
Timken says ABC Bearings equation to be EPS accretive from 1st year.

🎯 Bharti Airtel :
Bharti Airtel open to selling bigger chunk of tower arm Infratel.

🎯 Narayana Hrudalaya :
Narayana Healthcare plans to expand in Maharashtra.

🎯 Piramal Enterprises :
Piramal finance sanctions 700cr funding to acme solar.

🎯 SBI :
Bank amends petition for Monnet Ispat.

Raymond's Singhania family settle 9 year old property dispute

🎯 Wipro :
Wipro arm, irael aero tie up for bengalurur palnt.

Edited by Sharp.
© Sharp Investment & Financial Advisers

5th July, Morning Brief

Market will open on a positive side tracking SGX Nifty.
9670 and 9710 will be the resistance levels to watch.

🎯 News & Impact 🎯

🎯 ICICI Prudential Life :
Expresses interest to evaluate taking over policyholders liabilities & assets of Sahara Life.
Company evaluating the way forward for the same.
Sahara Life policyholders liabilities at Rs 900 crore; less than 1 percent of company's balance sheet.
Positive for the stock. 👍

🎯 MMTC :
According to reports, government may consider merger of State Trading Corporation (STC) and Project & Equipment Corporation of India (PEC) with Minerals Trading Corporation of India.
Positive for the stock. 👍

🎯 Sun Pharma : 
The pharma major, India’s largest drug maker, signed a long-term agreement with South Korea’s Samsung BioLogics for the manufacture of an experimental medicine to treat psoriasis. 
Positive for the stock. 👍

🎯 Texmaco Rail : 
Adventz Group on Tuesday said it has signed a $2 billion plus memorandum of understanding (MoU) with Israel's Lesico Group to collaborate in the light rail transit (LRT) projects in Tel Aviv and Jerusalem.
Positive for the stock. 👍

🎯 ABC Bearings :
Will be merged into Timken India.
Merger with Timken India may close in Q4FY18.
Positive for the stock. 👍

🎯 Torrent Pharma :
Torrent Pharma gets US FDA nod for Anagrelide hydrochloride capsules (used to treat essential thrombocytosis).
Positive for the stock. 👍

🎯 Religare :
Edelweiss , Piramal in race to buy 2 Religare arms.
Positive for the stock. 👍

🎯 Rolta :
Rolta promoter releases pledge on 55 lakh shares on June 30.
Positive for the stock. 👍

🎯 Delta Corp :
NCLT approves amalgamation of Gauss Networks with Delta Corp.
Positive for the stock. 👍

🎯 Mcnally Bharat :
Company receives order for construction of entry/exit structure of Elamkulam station from Delhi Metro Rail Corporation for a value of Rs.43 crore.
Positive for the stock. 👍

🎯 Vardhaman Steels :
CRISIL revises outlook on long term rating from AA stable to AA positive.
Positive for the stock. 👍

🎯 Max India :
Axis Bank to sell Tata AIA polices, may rock Max Life merger (Axis accounts for 60 percent on Max sales).
Positive for the stock. 👍

🎯 HPCL :
HPCL gets members nod to issue bonus shares in ratio of 1:2.
Positive for the stock. 👍

🎯 Wockpharma :
CARE downgrades rating long term bank facilities to AA- from AA.
Also revises proposed issue of NCD's to AA- from AA.
Negative for the stock. 👎

🎯 ICICI Bank :
Private sector lender ICICI Bank on Tuesday said the joint venture agreement between it and Fairfax Financial Holdings Ltd has been terminated ahead of the IPO of ICICI Lombard General Insurance Company -- a JV between the two entities. 
Negative for the stock. 👎

🎯 Laurus Labs :
CARE downgrades rating to A from AA stable.
Negative for the stock. 👎

🎯 Jyoti Structures :
NCLT initiates action against Jyoti Structures.
Negative for the stock. 👎

🎯 Reliance Industries : 
Reliance Jio is likely to launch its much-awaited 4G VoLTE feature phone within this month, with brokerage HSBC putting the price at as low as Rs 500, a move which could bring in another wave of disruption in the telecom market.

🎯 M&M :
Reduces prices by 6.9 % on large utility vehicle's and small utility vehicle's and small car segment by 1.4 %.
Prices of Hybrid vehicles increased post GST.

🎯 NMDC :
Fixes price of fines at Rs.1,985/mt.
Fixes price of lump ore at Rs. 2,225/mt.

🎯 Bhansali Engineering Polymers :
Board meeting on July 14 to consider expansion project of company for increasing its ABS production capacity from existing 80 KTPA to 137 KTPA inter alia other business.

🎯 Sanghvi Movers :
ICRA assigns A rating for the additional limit of Rs.216 crore line of credit.

🎯 Amtek Auto :
Stakeholders Empowerment Services (SES) questions infusion of loan by Amtek Auto.

🎯 Lanco Infra /Hindustan Powerprojects dispute over bank guarantees.

🎯 Tata Power :
GUYVNL and other procurers uncertain on Mundra offer.

🎯 Yes Bank :
Yes bank says Santander signs a new agreement with company to boost UK-India trade & local business networking opportunities.

Edited by Sharp.
© Sharp Investment & Financial Advisers

4th July, Morning Brief

Market are likely to open on a negative to flat note following SGX Nifty. The Indian markets rallied in last session on expectations that the biggest tax reform in independent India will support higher government revenue generation, after the goods and services tax (GST) kicked in on July 1.

🎯 News & Impact 🎯

🎯 GTPL Hathway - Listing today.

🎯 Tata Motors :
Total JLR US sales up 3.1 percent at 8,706 units versus 8,448 units (YoY).

🎯 Wockpharma :
Wockhardt looking at divesting a few API sites.
Deal size for API site divestment likely at Rs.150-200 crore.
Wockhardt receives US FDA approval for eye drop for treating Ophthalmic Allergie.
Positive for the stock. 👍

🎯 Sunpharma :
Company & Samsung BioLogics in strategic manufacturing tie-up for Tildrakizumab.
Positive for the stock. 👍

🎯 Bajaj Auto :
Husqvarna, one of the oldest motorcycle brands in the world, will be made in India by Bajaj Auto. 
Positive for the stock. 👍

🎯 Jindal Poly :
Acquires Apeldoorn Flexible Packaging, Netherlands for Rs.598 crore.
Positive for the stock. 👍

🎯 Cipla :
Cipla gets tentative US FDA nod for Olopatadine Hydrochoride solution (used to treat infections, redness in eyes).
Positive for the stock. 👍

🎯 Ambuja Cements :
The company has secured estimated limestone resource in Maharashtra of 42 million tonnes at final bid price of 125.02 per cent of value of mineral dispatched. 
Positive for the stock. 👍

🎯 ICICI Bank :
Indo Star in talks to buy 70 % in ICICI Home Finance.
Positive for the stock. 👍

🎯 Yes Bank :
Yes bank to consider stock split on July 26.
Positive for the stock. 👍

🎯 ONGC :
ONGC Videsh buys 30 percent in Namibian oil block from UKs Tullow.
Positive for the stock. 👍

🎯 Nitin Fire :
Nitin fire Protection promoter pledges 10.3 lakh shares valued at Rs 1.05 crore.
Negative for the stock. 👎

🎯 Asian Granito :
Promoter sells 35000 shares valued at Rs.1.49 crore.
Negative for the stock. 👎

🎯 Auto stocks :
Maharashtra government has decided to increase tax on the registration of all new vehicles by 200 basis points, according to media reports. 
Negative for the sector. 👎

🎯 Tata Power :
The company on Monday said it has completed construction of a 187 MW hydro project in Georgia at a cost of over $420 million. The Shuakhevi project is the largest hydro-power plant to be built in Georgia in the past five decades. 

🎯 JSW Steel :
The company has received shareholders’ approval to raise over Rs.14,000 crore through various securities. 

🎯 Emami Paper Mills :
The company received approval from Odisha Government for proposed expansion plan for increasing capacity of multi layer coated board manufacturing at Balgopalpur in Odisha at an estimated cost of Rs.650 crore.

🎯 Tata chemicals :
Tatas to exit fertiliser business by selling Haldia plant to Indo Rama.

🎯 Godrej Properties :
Company adds 2 new projects in Bengaluru and Gurgaon.

🎯 Reliance Capital :
Company invests USD 1 million in start ups.

Edited by Sharp.
© Sharp Investment & Financial Advisers

# Stocks to watch

Technically lucrative stocks :

Bullish 📈

🎯 AXISBANK
🎯 Cipla
🎯 Powergrid

Bearish 📉

🎯 Kotakbank

© Sharp Investment & Financial Advisers

3rd July, Morning Brief

Flat opening expected as SGX Nifty is trading 2 points down.

The manufacturing sector data for June will be released on Monday. The 9,590 and 9,690-9710 levels are likely to act as resistance area in the coming week. Supports will come in at 9,425 and 9,375 levels.

🎯 News & Impact 🎯

🎯 Maruti :
Total sales up 7.6 % at 1.06 lakh units versus 98,840 units (YoY).
Positive for the stock. 👍

🎯 Eicher Motors :
Total Royal Enfield sales up 25 % at 63,160 units versus 50,682 units (YoY).
Royal Enfield exports down 8 % at 1,489 units versus 1,622 units (YoY).
Positive for the stock. 👍

🎯 M&M :
Total sales down 8 % at 35,716 units versus 39,009 units (YoY).
Tractor sales up 9.1 % at 32,933 units versus 30,191 units (YoY).

🎯 SML Isuzu :
Total sales down 15.4 % at 1320 units versus 1560 units (YoY).

🎯 Atul Auto :
June total sales down 1.53 % at 3,288 units versus 3,339 units (YoY).

🎯 Tata Motors :
Total sales down 9 % at 40,358 units versus 44,525 units (YoY).

🎯 MOIL :
Prices of manganese ore increased by average 4.6 %.
Reduces free credit facility to 60 days from 90 days if payment made via l.c/bank guarantee.
Prices of electrolytic manganese dioxide increased by 5 %.
Negative for the stock. 👎

🎯 Coal India :
June production at 39.66 mt versus target of 43.18 mt.
June offtake at 45.67 mt versus target of 48.55 mt.

🎯  Strides Shasun :
Strides Shasun gets US FDA nod for Promethazine tablets from Bengaluru unit.
Positive for the stock. 👍

🎯 Cipla :
Gets US FDA nod for HIV Drug, Zidovudine capsules.
Positive for the stock. 👍

🎯 Wockpharma :
Wockhardt gets US FDA nod for Olopatadine hydrochloride solution (used to prevent itchy, red & watery eyes due to allergies).
Positive for the stock. 👍

🎯 Auropharma :
The drugmaker is devising a plan to expand into EU countries such as Poland and the Czech Republic as part of its broader efforts to consolidate business over the next 3-4 years. The company, which is eyeing growth in Italy and Spain too, going ahead, looks to launch various new products in the US market. 
Positive for the stock. 👍

🎯 IOC :
India's largest refiner IOC is setting up an office in Singapore that will handle crude oil purchases and the sales of oil products from its refineries later this year, trade sources said on Friday. 
Positive for the stock. 👍

🎯 SpiceJet :
The Delhi High Court is likely to pronounce its verdict on the pleas of budget carrier SpiceJet and its co-founder Ajay Singh on Monday against a single judge order directing it to deposit Rs 579 crore in connection with a share transfer dispute with previous owner Kalanithi Maran. 
Negative for the stock. 👎

🎯 NBCC :
NBCC (India) and Rail Development Authority, a statutory authority under the Ministry of Railways have signed a Memorandum of Understanding for re-development of 10 Railway stations ie Tirupati, Pudducherry, Eranakulam, Nellore, Madgaon, Thane, Lucknow, Kota, Gomati Nagar (Lucknow) and Sarai Rohilla (Delhi). The re-development of railway station would be integrated with Smart City features.
Positive for the stock. 👍

🎯 JP Associates : 
Jaiprakash associates delays in payment of interest of more than 3 months towards non-convertible debentures (NCD).
Negative for the stock. 👎

🎯 Reliance Capital :
Madhusudan Kela to move to part time advisory role in Reliance Capital.

🎯 JMC Projects :
The company has secured three new orders worth Rs 710 crore. 
Positive for the stock. 👍

🎯  Kesoram Industries :
IndusInd Bank sells 75 lakh shares at Rs. 137 per share (entire holding) in Kesoram Industries.
Negative for the stock. 👎

🎯 Dabur India :
Dabur issues statement saying that company is likely to experience near term adverse impact on its sales and profits due to destocking at trade channels.
Negative for the stock.

🎯 Ramco Systems :
Ramco Systems becomes India's first GST compliant Cloud ERP, ASP & GSP for mid to large enterprises.

🎯 Infy :
Infosys sells its entire investment in Cloudyn for a total consideration of USD 4,400,000(Rs 28 crore). The divestment is due to Microsoft signing a definitive agreement for the acquisition of Cloudyn.
Negative for the stock. 👎

🎯 Stride Shasun :
NCLT approves scheme of arrangement between Stride Shasun, Sequent Scientific and Solara Active Pharma Sciences.
Positive for the stock. 👍

🎯 Bank of Baroda :
Bank of Baroda revises base rate to 9.5 % from 9.6 %.

🎯 Laxmi Vilas Bank :
The bank revises MCLR rate to 9.5 %.

🎯 Zandu Realty :
Zandu Realty board approves merger of Zandu Realty with Emami Infra.

🎯 Vardhman Textiles :
CRISIL upgrades rating of bank loan facilities to AA /Stable.
Positive for the stock. 👍

🎯 Datamatics :
Datamatics acquires 71 % in Techjini Solutions for Rs.39 crore (mobile app development company).
Positive for the stock. 👍

🎯 Olympia Industries :
The company allotted 6,30,000 equity shares, upon conversion of warrants of Rs.45 per share.

🎯 SCI :
Shipping ministry opposes stake sale in SCI, Kamrajar Port.

🎯 Motilal Oswal :
SEBI raps investment banks Goldman Sachs, CLSA, Motilal Oswal in Yes Bank QIP probe.

🎯 NLC India :
NLC India biggest winner in 1500MW Tamil Nadu solar auction.
Positive for the stock. 👍

🎯 Rattan India :
Company's project & Jindal India thermal power among 9 private power projects shortlisted for bank takeover.
Positive for the stock. 👍

🎯 Inox :
Inox turns spotlight on premium screens.
Positive for the stock. 👍

🎯 Whirlpool :
Whirlpool to invest Rs.200 crore to increase production.

🎯 Tata Steel :
UK considers fixing pension loophole to help Tata Steel.
Positive for the stock. 👍

🎯 JSW Steel :
JSW Steel wins 5 mines in Karnataka and 1 in Jharkhand.
Positive for the stock. 👍

🎯 Syndicate Bank :
Melwyn Oswald Rego appointed as MD & CEO of the bank.

🎯 Kalpataru Power :
Bags orders worth Rs.676 crore.
Positive for the stock. 👍

Edited by Sharp.
© Sharp Investment & Financial Advisers