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.
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