27th July, Morning Brief

Market may open on a positive note tracking SGX Nifty. 9900 level will be the support for Nifty lovers.

🎯 News & Impact 🎯

Results today: ITC, Dr Reddy's Labs, Biocon, Glenmark Pharma, HCL Technologies, ICICI Bank, Idea Cellular, Maruti Suzuki, ONGC, Reliance Capital, IDFC Bank, IDFC, Cholamandalam Investment and Finance, Exide Industries, Motilal Oswal, Tata Coffee, Tata Elxsi, Tejas Networks, Balmer Lawrie & Company, Novartis india, Supreme Industries, Aditya Birla Fashion, Automobile Corporation Of Goa, Balaji Amines, Blue Dart Express, CMI, Crompton Greaves Consumer Electrical, Syngene International, Foseco India, IFB Industries, Kirloskar Brothers, Kirloskar Pneumatic, Nocil, Onmobile Global, Redington (India), Sagar Cements, TRF, Wabco India.

🎯 Nestle :
Net Profit At `263.4 Cr Vs `240.2 Cr (YoY).
Total Revenue From Operations At Rs. 2,482.7 Cr Vs Rs.2,316.7 Cr (YoY).
Declared dividend of Rs.15 /share.

🎯 Hero MotoCorp :
Net Profit rose 3.50 % to Rs 914.04 करोड़ Vs Rs.883.09 Cr. YoY.
Sales rose 7.74 % to Rs.7971.58 crore vs Rs.7398.91 Cr. YoY.

🎯 Pidilite Industries :
Net profit of declined 16.77 Cr to Rs. 226.51 Cr Vs 272.15 Cr. YoY.
Sales declined 2.58 % to Rs.1528.92 vs Rs. 1569.36 Cr. YoY.

🎯 ONGC : 
In line with Hydrocarbon Vision 2030 for North-East Region, ONGC management has approved additional investment of Rs 3104 Crore for drilling of wells and creation of surface facilities to produce gas from Tripura gas fields.

🎯 Capital First :
Capital First raises 140cr by issuing NCD's.
FIIs restricted from buying shares in Capital First.

🎯 M&M :
Mahindra & Mahindra (M&M) is in race for a $6 billion order from the US government for postal delivery vehicles.

🎯 Axis Bank :
The board of Snapdeal (Jasper Infotech), which owns and operates FreeCharge, has agreed to sell the digital payments platform to Axis Bank.

🎯 Bhushan Steel :
Company is now under insolvency resolution process under the provisions of IBC.

🎯 PSUs :
Govt to sell upto 25% stake in NEEPCO, MSTC vio IPOs.

🎯 Ashok Leyland :
Ashok Leyland to hike prices by 1% across models in Aug.

🎯 Tata Teleservices :
Tata Teleservices to raise 1300crs via equity/debt.

🎯 Siyaram Silk Mills :
Siyaram Silk to invest up to Rs.25 crore in Balkrishna Paper Mills.

🎯 Religare Finvest :
BM on July 31 to consider buyback proposal of up to Rs.100 crore.

🎯 Power sector's first InvIT IndiGrid to acquire 4 more projects.

🎯 Vedanta :
Vedanta to raise up to $1 billion in dollar bonds.

🎯 Tata Steel :
Thyssen Kurup CEO keen on tata steel merger before September.

🎯 KPIT Tech :
Company Says Chrys Capital Sells Its 13.8% Hldg In Co On Account Of Closure Of Their Fund.

🎯 Va Tech Wabag :
The company has won a repeat order in Bengaluru worth Rs 386 Cr.

Edited by Sharp.
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