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.
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