7th Aug, Morning Brief

Flat opening expected.
Friday’s session ended with a smart recovery from lower levels. But recovery was more due to short covering than fresh buying as the upward move came with a reduction in Open Interest.

Results Today :
Tata Steel, Britannia Industries, Amara Raja Batteries, Whirlpool, Natco Pharma, Dr. Lal Path lab.

🎯 News & Impact 🎯

🎯 Indian Hotels :
Cons Net Loss Of Rs.29.7 Cr Vs Loss Of Rs.166.6 Cr (YoY).
Cons Revenue At Rs.907.3 Cr Vs Rs.946.6 Cr (YoY).

🎯 BPCL, NTPC, GAIL, NLC, SJVN, Indian Bank, NHPC :
Govt To Divest Stake In BPCL, NTPC, GAIL, NLC, SJVN, Indian Bank, NHPC Via New ETF.
Positive for the stocks.

🎯 IOC :
Company to Acquire Upto 50% Stake In Adani Group's Mundra LNG Project For `750 Cr: PTI (Mundra LNG Project Is A 50:50 JV b/w Adani & Gujarat State Petroleum Corp).
IOC Board Gives Its Nod For Gujarat Refinery Expansion By 4.3 mmtpa.
Positive for the stock.

🎯 Cadila Healthcare :
Company Gets Final Approval From The USFDA For Memantine Hydrochloride Extended-release Capsules.
Positive for the stock.

🎯 Jubilant Life Sciences :
Company receives ANDA approval for Tizanidine Hydrochloride Capsule.
Positive for the stock.

🎯 SAIL :
Consensus on signing the JV deal between SAIL and ArcelorMittal for an auto-grade steel plant is likely in two months at the instance of think tank Niti Aayog, an official said. 
Positive for the stock.

🎯 Fortis Healthcare :
Board Give In-principle Approval To Raise Up To Rs.5,000 Cr.

🎯 Eros :
Co. in talks with Amazon , Netflix to sell its entire content,
Co. also looking for a reverse merger with the global parent.

🎯 Videocon Ind :
Banks Consider Referring Videocon Industries To The NCLT (National Company Law Tribunal).

🎯 Godrej Properties :
Gets Shareholder Nod To Raise Borrowing Limit To Rs. 2,750 Cr.
Gets Shareholder Nod To Issue NCDs For An Amount Not Exceeding Rs.500 Cr.

🎯 Hindustan Zinc : 
Vedanta Group's Hindustan Zinc Ltd is on its way to becoming a fully underground mining company by early next financial year. 

🎯 GAIL, GSPL :
GAIL wants to lay a small 13.6-km line from Odalarevu in Andhra Pradesh - the landfall point of ONGC's Bay of Bengal gas - to connect to its existing pipeline grid in the region, but GSPL India Transco wants to lay a 50-km line to take the gas to its proposed Mallavaram-Bhopal-Bhilwara- Vijaipur cross country pipeline (MBBVPL). 

🎯 Coal India :
Central Coalfields (CCL), an arm of Coal India, has received green nod for expansion of its Konar open cast mine and the setting up of a non-coking coal washery in Jharkhand's Bokaro district at a cost of Rs 1,538 crore. 

🎯 Jaypee Infra :
Withdrew Response To IBC Petition Filed By IDBI Bank Against Co At NCLT.
NCLT Has Reserved Its Order In IBC Case, Will Pronounce Order On August 9

🎯 HPCL :
Plans To Invest Rs. 7,100 Cr In Various Projects.

🎯 Dena Bank :
Bank has allotted 20,62,81,999 Equity shares on Preferential Basis to GOI, LIC of India and GIC of India.

🎯 Union Bank of India :
Bank receives 541cr by way of preferential issue to the Government of India.

🎯 GTPL Hathway :
Company ties up with Nagra to use TV key, which will be used in newly purchased Samsung TVs which that will give access to premium pay tv content without any set up box.

🎯 Autoline Industries :
Company enters into MOU to sell of land and building at pimpri, the proceeds will be used to reduce debt.

🎯 M&M :
Company files DRHP for Mahindra Logistics limited to sell up to 13% of paid up share capital.

🎯 Adani Transmission :
Company said acquisition of SPVs Barmer Power Transmission Service Limited and Thar Power Transmission Service Limited.

🎯 Interglobe aviation :
Indigo plans 170 flights a day on regional routes.

🎯 NTPC :
Company eyes pan india license to set up EV charging points.

🎯 PSU banks :
12 public sector banks look to raise money.

🎯 ONGC :
Company buys 80% stake of GSPC & takes over operatorship rights in Block KG-OSN-2001/3.

🎯 Bank Of Baroda :
Bank Cuts Interest Rate On Savings Bank Account To 3.5% For Deposits Of Up To Rs.50 Lk.

🎯 Majesco :
Company Gets Shareholder Nod to Re-appoint Farid Kazani As Managing Director.

🎯 Jagran Prakashan :
Jagran prakashan to move SC Challenging Allahabad HC Order Staying Scheme Of Arrangement.

🎯 SEBI makes It Mandatory For All Listed Entities To Disclose Debt Default.

Edited by Sharp.
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