14th Aug, Opening Bell

Market may bounce back today. Nifty will hover above 9750. Profit booking on higher levels expected.
9850 - 9900 are the strong resistance levels for Nifty50.

Major Results Today :
Coal India, Grasim, IDBI Bank, Jain Irrigation, Tata Power

🎯 News & Impact 🎯

Results Updates :

🎯 Bank of Baroda :
Net Profit At Rs 203.4 Crore.
NII At Rs 3,405 Crore.
Gross NPA At 11.4 % Versus 10.46 % (QoQ).

🎯 BPCL :
Standalone Net Profit At Rs 744.6 Crore.
Standalone Revenue up 17.1 % At Rs. 66,766 Crore Versus Rs.57,015.8 Crore (YoY).

🎯 Adani Enterprises :
Consolidated Net Profit down 56.2 % At Rs.159.3 Crore Versus Rs.363.7 Crore (YoY).
Consolidated Revenue down 1.6 % At Rs. 8,778.5 Crore Versus Rs.8,918.7 Crore (YoY).

🎯 DLF :
Net Profit down 58.4 % At Rs.109 Crore Versus Rs. 261.8 Crore (YoY).
Revenue up 9.7 % At Rs.2,047.7 Crore Versus Rs.1,867.5 Crore (YoY).

🎯 Cadila Healthcare :
Zydus gets US FDA nod for Mesalamine Suppositories of rectal use.
Positive for the stock.

🎯 Dollar Industries :
​Denim major Pepe Jeans has decided to foray into innerwear in India and formed an equal joint venture company with the hosiery player Dollar Industries. 
Positive for the stock.

🎯 Divi's Labs : 
Company has received environment clearance for modernisation of its bulk drug unit in Visakhapatnam which will entail a cost of Rs. 100 crore.

🎯 Uniply Industries :
The company will sell its plywood division to its associate UV Boards for Rs.300 Crore. The transaction will fully deleverage Uniply's consolidated balance sheet and increase Uniply's stake in UV Boards to 37.11 %. 

🎯 DLF :
The deal between the country's largest realty developer DLF and Singapore's sovereign wealth fund GIC for a 40 per cent stake in DLF Cyber City Developers (DCCDL) has entered the final stages. 
Positive for the stock.

🎯 M&M :
Overseas Investment Company (Mauritius) Limited subsidiary of Mahindra & Mahindra, has agreed to sell its entire shareholding of 51 percent in Mahindra Yueda Yancheng Tractor Company ('MYYTCL'), China.

🎯 Vinati Organics :
Board of directors approve buyback proposal for purchase of 2,00,000 equity shares (0.39 %) through tender route.

🎯 Satin Creditcare :
Board approves the allotment of 12,30,098 optionally convertible redeemable preference shares (OCRPS) of Rs 10 each at an issue price of Rs 284.53 to Capital First.

🎯 JK Tyre :
Rating on Long term bank facilities upgraded to CARE A stable from CARE AA- Negative.

🎯 Rcom :
ICRA revises long term rating to BBB

🎯 Tata Power :
Tata Group plans to hive off power cos engineering division.

🎯 Hero MotoCorp :
Company plans to launch 3 new scooter models.

🎯 MLL :
Mercator planning to hive off its dredging business and raise USD 200 million.

🎯 Adani Ports and JSW
Both in race to buy APM's Gateway terminals stake.

🎯 Bajaj Finance :
Company hires 3 investment banks for USD 700 million QIP.

🎯 Arvind :
Arvind arm Syntel signed a deal to buys two enkay tech units.

🎯 GSPC :
Company revives plans to sell stake in gas blocks. 

🎯 Lupin :
Company appoints Manju Deshbandhu Gupta as chairman.

Edited by Sharp.
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