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.
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