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.
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