3rd Aug, Morning Brief

Market may open on a negative note following SGX Nifty trading down by 9 points.
Yesterday market gradually moved southward as cut in CRR.
Nifty has made a bearish engulfing candle on the daily chart. 10010 will be the immediate support for Nifty.

Major Results Today :
Titan Company, IOC, Colgate Palmolive, HCC, Ramco Cements, PNB Housing Finance.

🎯 News & Impact 🎯

🎯 Bata India :
Net Profit (GU)19.7% At Rs.60.4 Cr Vs Rs. 50.5 Cr (YoY).
Revenue (GU)10.1% At Rs.743.1 Cr Vs Rs.674.7 Cr (YoY).
Positive for the stock. 👍

🎯 UCO Bank :
Net Loss At Rs.663 Cr Vs Loss Of Rs. 440.6 Cr (YoY).
Gross NPA At 19.87% Vs 17.12% (QoQ).
Negative for the stock. 👎

🎯 Relinfra :
Cons Net Profit (RD)23.8% At `334.2 Cr Vs Rs.438.8 Cr (YoY).
Cons Revenue At Rs.7,559.4 Cr Vs Rs. 7,001.6 Cr (YoY).
Negative for the stock. 👎

🎯 Larsen & Toubro :
Larsen & Toubro has bagged an order worth Rs 3,375 crore to build a metro rail project for the government of Mauritius.
Positive for the stock. 👍

🎯 RPP Infra :
Promoter A.Nithya releases pledge of 2,75,000 shares.
Positive for the stock. 👍

🎯 Bajaj Finance :
Company has entered into a Subscription Agreement with One MobiKwik Systems to acquire convertible preference share. Post conversion will hold 10%, Total amount paid 225cr.

🎯 GAIL :
GAIL commences construction of Kochi-Koottanad-Mangalaru Pipeline with a total project cost of Rs.3263cr.

🎯 Prakash Industries :
Company converts FCCB's into 30 lkh equity shares which will be allotted to FCCB holders, paid up share capital to increase to 152.5 cr from 149.4cr.

🎯 Wipro :
Company has invested an undisclosed sum in a software testing company, Tricentis through strategic investment arm Wipro Ventures.

🎯 Karnataka Bank :
The bank has raised interest rates on savings bank account for large balance above Rs 1 crore to 5% while for small balances below Rs 1 lakh, the bank has reduced it to 3%. Earlier the private bank was charging 4% irrespective of the amount in the account.

🎯 RInfraInvIT :
Listing of RInfras infra investment trust delayed.

🎯 Rcom :
The National Company Law Tribunal (NCLT) is expected to take a call on whether to admit Reliance Communications’ merger proposal with Aircel on Thursday.

🎯 Jet Airways :
To announce June results in September.

🎯 Emami :
Company eyes more buys in heatlh care.
Positive for the stock.

🎯 Bharti Airtel :
Company may sell 3% in Infratel.

🎯 NTPC :
Company set to retire 25 of its veteran power generating units.

🎯 Just Dial :
Company approves Buyback Of Equity Shares For An Amount Not Exceeding Rs. 83.91 Cr

🎯 Wockhardt :
Arm Wockhardt Bio AG Gets US FDA Nod For Oxacillin Sodium Injection (Used To Treat Penicillin- resistant Staphylococcus Aureus).

Edited by Sharp.
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