26th July, Morning Brief

Market may open on flat note tracking SGX Nifty.

🎯 News & Impact 🎯

Results Today :
HDFC, YesBank ,Federal Bank, Nestle, PVR,Bharat Financial, L&T Finance, Mphasis, Muthoot Capital.

🎯 Bharti Airtel :
Cons Net Profit At Rs 367.3 Cr.
Cons Revenue At Rs 21,958.1 Cr.

🎯 Axis Bank :
Net Profit At Rs 1,306 Cr Vs Rs. 1555 Cr, 16% down.
NII At Rs.4,616 Cr Vs Rs.4728 Cr.

🎯 ICICI Prudential Life Insurance :
Net profit At Rs 406 Cr Versus 0060405 Cr (YoY).

🎯 Raymond :
Cons Net Loss At Rs 5.9 Cr Versus Loss Of Rs 15.6 Cr (YoY).
Cons Total Income At Rs 1,239.9 Cr Versus Rs 1,088.9 Cr (YoY).

🎯 Pidilite :
Cons Net Profit At Rs 226.5 Cr Versus Rs 272.15 Cr (YoY).
Cons Total Income At Rs 1,712 Cr Versus Rs 1,715.4 Cr (YoY).

🎯 HeroMotoCorp :
Net Profit (GU)3.5 percent At Rs 914 Cr Versus Rs 883 Cr (YoY).
Revenue (GU)7.5 percent At Rs 8,613 Cr Versus Rs 8,011 Cr (YoY).

🎯 Indiabulls Ventures :
Net Profit At Rs 50.27 Cr Versus Rs 20.41 Cr (YoY).
Total Income At Rs 172.2 Cr Versus Rs 101.6 Cr (YoY).

🎯 GE T&D :
Net Profit At Rs 61.7 Cr Versus Loss Of Rs 197.4 Cr (YoY).
Revenue At Rs 1,263.4 Cr Versus Rs 905.1 Cr (YoY).

🎯 National Fertilizers :
OFS by Government of India for 7.3 crore shares of National Fertilizers representing 15 % of total paid up capital.

🎯 Berger Paints :
Union withdraws strike at Goa Facility.

🎯 Suzlon :
Alfanar Group of Saudi Arabia collaborates with Suzlon for its Renewable Energy foray into India.

🎯 Prestige Estate Projects : 
The company is looking to raise funds by divesting stake across its business verticals, starting with the commercial and retail portfolios, two persons familiar with the development said. 

🎯 Gail :
Gail creates corpus of Rs.50 crore for investing in start ups.

🎯 Monnet Ispat :
Corporate Insolvency Resolution process has been initiated against Monnet Ispat & energy.

🎯 Cipla :
Cipla launches Rectal Artesunate Suppositories for Severe Malaria in Young Children.

🎯 Archid Ply :
Board meeting on August 12 to consider Demerger of Chintamani unit to Archidply Decor.

🎯 TD Power System :
Receives order from European MNC worth Rs.750 cr, order to be executed over 10 years.

🎯 Gabriel India :
Crisil Revises outlook on long term bank facility to positive from stable.

🎯 Syndicate Bank :
India Ratings revises outlook from stable to positive on additional tier 1 bonds.

🎯 Punjab National Bank :
Punjab National Bank has raised Rs 1500 crore Additional Tier - I (Basel III Compliant) Capital Bonds at a coupon of 8.98 percent p.a. on private placement basis.

🎯 GTL Infra :
PE Firms eye GTL Infra stake.

🎯 Cadila Healthcare :
Gets US FDA nod for colitis drug.

🎯 IDBI :
Federal life insurance in talks for 100 percent stake sale.

🎯 Tata Steel :
Tata steel looks to buy debt laden firms.

🎯 Binani Cement :
NCLT admits BOB petition against Binani Cement The Indian Express.

🎯 Indraprastha Gas :
The company announced the revision in the selling prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in NCT of Delhi, Noida, Greater Noida and Ghaziabad to offset the overall impact on its costs after transition to GST regime. 

Edited by Sharp.
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