11th Aug, Morning Brief

Gap-down opening can be seen on the opening as the SGX Nifty was trading down by 135 points on the fear of geopolitical front.
A closing below 9840-9850 level will change the sentiment on the chart.

Major Results Today :
SBI, Sun Pharma, Bank of Baroda, Hindalco, Cipla, BPCL, Cadila Healthcare, Oil India, Allahabad Bank, REC, RCF, Clariant Chemicals, CESC, Bajaj Hindusthan, BGR Energy, Eros International, Emkay Global, Dhanlaxmi Bank, Cox & Kings, Corporation Bank, Claris Life, GVK Power, GSPL, Godrej Industries, Ipca Labs, Suzlon Energy, Kalpataru Power, JSW Energy, Max India, OBC, Suntv, Strides Shasun, TVS Motor, Zee media

Listing Today :
Cochin Shipyard

Results Updates :

🎯 Coffee Day :
Net Profit Up 50.6 percent At Rs 26.8 Crore Versus Rs 17.8 Crore (YoY).
Revenue Up 10.1 percent At Rs 814.3 Crore Versus Rs 739.5 Crore (YoY).
Positive for the stock.

🎯 Spicejet :
Net Profit At Rs 172.7 Crore Versus Rs 149 Crore (YoY).
Revenue At Rs 1870.5 Crore Versus Rs 1521.5 Crore (YoY).

🎯 GAIL :
Consolidated net profit down 23.2 percent at Rs 1,025.6 crore versus Rs 1,335.2 crore (YoY).
Consolidated revenue up 6.8 percent at Rs 11,570.4 crore versus Rs 10,832.1 crore (YoY).
Negative for the stock.

🎯 Union Bank :
Net Profit At Rs 116.6 Crore Versus Rs 166.3 Crore (YoY).
Gross NPA At 12.6 percent Versus 11.2 percent (QoQ).

🎯 IOB :
Net Loss At Rs 499.1 Crore Versus Loss of Rs 1450.5 Crore (YoY).
Gross NPA At 23.6 percent Versus 22.4 percent (QoQ).

🎯 PFC :
Net Profit At Rs 1,428.6Crore Versus Rs 1,712.5 Crore (YoY).
NII At Rs 2,723 Crore Versus Rs 2,819.6 Crore (YoY).

🎯 United Breweries :
Net Profit At Rs 161.9 Crore Versus Rs 147.1 Crore (YoY).
Revenue At Rs 3,810 Crore Versus Rs 3,244.6 Crore (YoY).

🎯 BhartiAirtel :
Gopal Vittal, MD & CEO sold the shares at an average price of Rs 416.05 a unit to promoter firm Bharti Telecom (BTL).
Positive for the stock.

🎯 Heritage Foods :
Board approves sub division of equity shares.

🎯 Gitanjali Gems :
In order to avail various benefits of consolidation of operations, Gitanjali Group has undertaken consolidation exercise of Group's US business by way of merger of its US based subsidiaries / step down subsidiaries.
Positive for the stock.

🎯 GVKPIL :
Mumbai International Airport (GVK owns 50.5 percent stake) plans to restructure loans worth Rs 10,600 crore.

🎯 Quess Corp :
Company looks to raise Rs 1,150 crore via institutional placement.

🎯 Lanco Infratech :
NCLT starts insolvency proceedings against Lanco Infratech.

🎯 Ashok Leyland :
Company eyes Rs 1,000 crore from digital platforms.

🎯 Maruti :
Company to open 150 used car outlets by March 2018.

🎯 GSK, Sanofi :
Superme Court uphelds Competition Appellate Tribunals order quashing penalty of Rs 64 crore imposed by CCI.

🎯RCom :
The National Company Law Tribunal is set to pronounce its decision on Monday on whether or not to consider the proposal of merger between Rcom's wireless business and Aircel.

Edited by Sharp.
© Sharp Investment & Financial Advisers