4th July, Morning Brief

Market are likely to open on a negative to flat note following SGX Nifty. The Indian markets rallied in last session on expectations that the biggest tax reform in independent India will support higher government revenue generation, after the goods and services tax (GST) kicked in on July 1.

🎯 News & Impact 🎯

🎯 GTPL Hathway - Listing today.

🎯 Tata Motors :
Total JLR US sales up 3.1 percent at 8,706 units versus 8,448 units (YoY).

🎯 Wockpharma :
Wockhardt looking at divesting a few API sites.
Deal size for API site divestment likely at Rs.150-200 crore.
Wockhardt receives US FDA approval for eye drop for treating Ophthalmic Allergie.
Positive for the stock. 👍

🎯 Sunpharma :
Company & Samsung BioLogics in strategic manufacturing tie-up for Tildrakizumab.
Positive for the stock. 👍

🎯 Bajaj Auto :
Husqvarna, one of the oldest motorcycle brands in the world, will be made in India by Bajaj Auto. 
Positive for the stock. 👍

🎯 Jindal Poly :
Acquires Apeldoorn Flexible Packaging, Netherlands for Rs.598 crore.
Positive for the stock. 👍

🎯 Cipla :
Cipla gets tentative US FDA nod for Olopatadine Hydrochoride solution (used to treat infections, redness in eyes).
Positive for the stock. 👍

🎯 Ambuja Cements :
The company has secured estimated limestone resource in Maharashtra of 42 million tonnes at final bid price of 125.02 per cent of value of mineral dispatched. 
Positive for the stock. 👍

🎯 ICICI Bank :
Indo Star in talks to buy 70 % in ICICI Home Finance.
Positive for the stock. 👍

🎯 Yes Bank :
Yes bank to consider stock split on July 26.
Positive for the stock. 👍

🎯 ONGC :
ONGC Videsh buys 30 percent in Namibian oil block from UKs Tullow.
Positive for the stock. 👍

🎯 Nitin Fire :
Nitin fire Protection promoter pledges 10.3 lakh shares valued at Rs 1.05 crore.
Negative for the stock. 👎

🎯 Asian Granito :
Promoter sells 35000 shares valued at Rs.1.49 crore.
Negative for the stock. 👎

🎯 Auto stocks :
Maharashtra government has decided to increase tax on the registration of all new vehicles by 200 basis points, according to media reports. 
Negative for the sector. 👎

🎯 Tata Power :
The company on Monday said it has completed construction of a 187 MW hydro project in Georgia at a cost of over $420 million. The Shuakhevi project is the largest hydro-power plant to be built in Georgia in the past five decades. 

🎯 JSW Steel :
The company has received shareholders’ approval to raise over Rs.14,000 crore through various securities. 

🎯 Emami Paper Mills :
The company received approval from Odisha Government for proposed expansion plan for increasing capacity of multi layer coated board manufacturing at Balgopalpur in Odisha at an estimated cost of Rs.650 crore.

🎯 Tata chemicals :
Tatas to exit fertiliser business by selling Haldia plant to Indo Rama.

🎯 Godrej Properties :
Company adds 2 new projects in Bengaluru and Gurgaon.

🎯 Reliance Capital :
Company invests USD 1 million in start ups.

Edited by Sharp.
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