Market will open flat with a negative bias. Considering 9850 will be the crucial support for Nifty50 from the level can see a bounceback.
🎯 News & Impact 🎯
Results Today :
Bharat Forge, BHEL, GAIL, IOB, Union Bank, CCD, GSPL, Gujarat Gas, MOIL, Motherson Sumi, PFC, Petronet LNG, Page Industries, Union Bank of India.
🎯 Listing Today :
SiS.
Results Updates :
🎯 Tata Motors :
Standalone Loss at Rs.467crore.
Standalone Revenue at Rs10,375 crore Vs Rs11,435 crore (YoY).
Standalone EBITDA loss at Rs64.1 crore.
JLR Revenue at 5.6 bn pounds
Q1 consolidated revenue is down 9.6% but meets estimate,
Profit up 41.6% aided by a 1-time gain of Rs3,609 crore due to JLR 1-time pension. Consolidated Revenue at Rs.58,651 crore.
JLR PBT at £595 m, including £437 m one-off credit.
Consolidated one-time gain at Rs 3609 cr due to JLR one-time pension.
Cautious over the stock.
🎯 Eicher Motors :
Cons Net Profit Up 22.1% At Rs.459.6 Cr Vs Rs.376.3 Cr (YoY).
Cons Revenue (GU)28.5% At Rs.2,254.9 Cr Vs Rs.1,754.5 Cr (YoY).
Cautious over the stock.
🎯 Thomas Cook :
Net Profit Up 10% At Rs.68.2 Cr Vs Rs.62 Cr (YoY).
Revenue Up 11% At Rs.2,762 Cr Vs Rs.2,488.7 Cr (YoY).
Positive for the stock.
🎯 Auropharma :
Cons Net Profit down by 11.4% At Rs. 518.5 Cr Vs Rs.584.9 Cr (YoY).
Cons Revenue (RD)2.3% At Rs.3,678.7 Cr Vs Rs.3,766.6 Cr (YoY).
Negative for the stock.
🎯 NMDC :
Net Profit (GU)36.3% At Rs.969.2 Cr Vs Rs.711.3 Cr (YoY).
Revenue (GU)65.2% At Rs.2,841 Cr Vs Rs. 1,720.6 Cr (YoY).
Positive for the stock.
🎯 Nalco :
Net Profit Up 14.7% At Rs. 128.9 Cr Vs Rs. 135 Cr (YoY).
Revenue At Rs.1911.6 Cr Vs Rs.1666.1 Cr (YoY).
Cautious over the stock.
🎯 Max Financial Services :
Net Profit At Rs.66.6 Cr Vs Rs.107.1 Cr (YoY).
Revenue At Rs.91.7 Cr Vs Rs.131.7 Cr (YoY).
🎯 MMTC :
Net Profit At Rs.18.1 Cr Vs Loss Of Rs. 7 Cr (YoY).
Revenue At Rs.6,320.1 Vs Rs.2,799.9 Cr (YoY).
🎯 Jindal Stainless :
Net Profit At Rs.41.5 Cr Vs Loss Of Rs. 78.2 Cr (YoY).
Revenue At Rs.2,194.3 Cr Vs Rs.2,152.9 Cr (YoY).
🎯 New india Assurance files draft papers for IPO.
🎯 Varun Beverages :
Company's intent to enter into a binding agreement to acquire PepsiCo India's previously franchised territories of the State of Odisha and parts of Madhya Pradesh along with three manufacturing units at Cuttack, Bargarh and Bhopal (Mandideep).
🎯 MTNL :
BSNL is in talks with private telecom operators Airtel and Reliance Jio Infocomm for sharing its dark, or unused, optic fibre as part of its efforts to double its revenue from network sharing to about Rs 3,000 crore in 2017-18.
Positive for the stock.
🎯 NHPC :
Company signing of Power Purchase Agreement with BSES Yamuna Power Limited.
🎯 HPCL, ONGC :
The government has tweaked terms of sales of stake in HPCL to avoid open offer.
🎯 Lupin :
Lupin eyes specialty business in US
🎯 Fortis :
Daiichi moves SC to block Sale of Shares by Fortis Promoters, hearing on Friday.
🎯 JP Infra :
NCLT admits IDBIs insolvency plea against Jaypee Infratech.
🎯 Piramal Finance (unit of Piramal Ent) : Company invests 400cr in auto parts maker Hema Engineering.
🎯 Mcleod Russel :
Company may take control of Everadys tea business.
🎯 Steel Sector :
Arcelor Mittal may bid for stressed steel assets.
Positive for the sector.
🎯 Tata Chemicals :
The company said it is aiming to clock Rs 10,000-crore business in its soda ash segment and Rs 5,000 crore in the pulses, spices and food category in the next five years.
🎯 Britannia Industries :
The biscuit maker plans to rope in a partner to strengthen its dairy business and discontinue a few brands in this segment as part of a strategy to focus on higher margin products.
SEBI orders Prosperity Agro to refund investors money and has barred the firm from capital markets for 4 years
Edited by Sharp.
© Sharp Investment & Financial Advisers
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