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.
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