26th Sep, Morning Brief

Weakness could continue today also SGX Nifty is trading down.

🎯 News & Impact 🎯

🎯 Power Transmission & Solar Power Sector :
Government announced Saubhagya Scheme.
Positive for power, transmission, solar panels & LED manufacturing companies.

🎯 IOC, HPCL, BPCL :
Brent crude oil prices jump 3.8 % in Monday.

🎯 TV Today :
Kotak Mahindra International bought 4.25 lakh shares at Rs. 392.21 apiece in a block deal.

🎯 JK Lakshmi Cement :
Templeton Mutual Fund on Monday bought 10.93 lakh shares at Rs 387.5 per share. 

🎯 Abbott :
National Pharmaceutical Pricing Authority allows Abbott to withdraw Xience Alpine Coronary stents from India. 

🎯 Godrej Industries :
Godrej Agrovet sets IPO price band between Rs 450-460 per share.

🎯 JSW Holdings :
RBI says FIIs are not allowed to buy equity shares of JSW Holdings as their holding reached trigger limit.

🎯 Indiabulls Housing Finance :
The mortgage financier has sought RBI approval to raise foreign loan of Rs 5,000 crore as part of its Rs 45,000 crore fund-raising programme for the full year. 
Positive for the stock.

🎯 Thomas Cook :
To acquire Tata Capital’s wholly-owned subsidiaries Tata Capital Forex and TC Travel and Services.
Positive for the stock.

🎯 BHEL :
Company approved the proposals to issue bonus share 1:2 and a dividend Payout.
Positive for the stock.

🎯 Suntv :
Star India bagging the global IPL broadcast right will benefit all IPL franchisees including. SUN TV’s owns Sunrisers Hyderabad. 
Positive for the stock..

🎯 Novartis :
Buy back shares worth Rs.231.15 crore representing 12.26 % of the total paid up equity capital.

🎯 JK Paper :
Disruption at Odisha plant due to stoppage of water supply by local villagers.

🎯 Aditya Birla Capital :
In-principle approval by the RBI for wholly owned subsidiary of the company, to set up an asset reconstruction company (ARC).

🎯 Chennai Petroleum :
Company setting up of new 9 MMTPA refinery at Cauvery basin refinery.

🎯 Allahabad Bank :
Raising of BASEL III compliant additional tier 1 perpetual bonds aggregating to Rs. 100 crore through private placement.

🎯 Tata Motors :
JLR scouting for luxury brand acquisitions.

🎯 Edelweiss :
Edelweiss ARC revives Karaikal port, plans LNG terminal to monetize operations.

🎯 IOC :
IOC plans to expands Paradip refinery by 3-4 mt.

🎯 IDBI Bank :
IDBI Bank divests 1 % equity (53.2 lakh shares) in SIDBI.
Positive for the stock.

Edited by Sharp.
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