1st Nov, Morning Brief

Market likely to open on a positive note as SGX was trading 38 points up.

Major Results Today:
Tech Mahindra, Hero Motocorp, TVS Motor, Apollo Tyres, Andhra Bank

Results Updates :

🎯 Bharti Airtel :
Cons Net Profit (RD)7% At Rs.343.1 Cr Vs Rs.367.3 Cr (QoQ).
Cons Revenue (RD)1% At Rs.21,777 Cr Vs Rs. 21,958.1 Cr (QoQ).
Negative for the stock.

🎯 IndiGo :
Net Profit At Rs.551.5 Cr Vs Rs.139.8 Cr (YoY).
Revenue Up 27% At `5,291 Cr Vs `4,167 Cr (YoY).
Positive for the stock.

🎯 JSW Steel :
Net Profit Up 29.2% At Rs.836 Cr Vs Rs. 647 Cr (YoY).
Revenue Up 28.1% At Rs.16,638 Cr Vs Rs. 12,987 Cr (YoY).
Positive for the stock.

🎯 Syndicate Bank :
Net Profit Up 27.7% At Rs.105.2 Cr (YoY).
Gross NPA At 9.39% Vs 9.96% (QoQ).

🎯 MRPL :
HPCL is likely to acquire MRPL in a share-swap deal to become India's second-largest oil refiner.
Positive for the stock.

🎯 Schenider Electrical :
is top bidder for L&T’s electrical unit.

🎯 Infoedge :
Zomato explores merger talks with swiggy.

🎯 SBI :
SBI announced a 5-basis-point cut in its benchmark lending rates across maturity .

🎯 M&M Financial :
To allot 1000cr pref shares to promoters.

🎯 Mphasis :
Mphasis eyes 1 bn$ revenue , taps digital opportunities.

🎯 Sharon Bio :
Shriji polymers shows interest in

🎯 Tata Power :
Tata power Renewable Energy Commissions 30 MW Solar Power Plant At Palaswade, Maharashtra.

🎯 RCom :
Rcom & Sistema Shyam Teleservices Complete Merger Transaction.

🎯 Allahabad Bank :
Reduces Lending Rate By 15 bps, one-year MCLR cut to 8.3%.

Edited by Sharp.
© Sharp Investment & Financial Advisers

30th Oct, Morning Brief

Market is likely to open on a positive note, tracking Nifty Futures on the Singapore Stock Exchange (SGX Nifty) and global cues. 
Nifty may target the level of 10570.

Wall Street climbed on Friday as a surge in the tech sector and a rally in Amazon shares helped push the Nasdaq to its best day in nearly a year. The Dow Jones Industrial Average rose 33.33 points.

🎯 Major Results Today :
BEL, Central Bank, EIH, HDFC, IDFC, LIC Housing Finance, Lupin, Tata Steel, Wockhardt, Marico.

🎯 News & Impact 🎯

🎯 Alkem Labs :
U-S FDA had conducted an inspection at the Company's manufacturing facility located at St Louis, USA from 23rd October, 2017 to 27th October, 2017.
No form 483 issued.
Positive for the stock.

🎯 Sun Pharma :
Gets US FDA Nod For Carvedilol Phosphate Capsules (Used To Treat High Blood Pressure & Heart Failure).
Positive for the stock.

🎯 Cadila Healthcare :
Zydus receives final approval from the USFDA for Tamoxifen Citrate Tablets US.
Positive for the stock.

🎯 Clariant :
Global parent abandons merger with Hunstman.

🎯 HDFC :
Looking to list mutual fund unit next year.

🎯 Maruti :
Maruti earmarks Rs.1000cr to buy land parcels this year.
Positive for the stock.

🎯 Tata Teleservices :
Tata sons to invest Rs30,000cr more in Tata Teleservices.
Positive for the stock.

🎯 Sunteck Realty :
Sunteck Realty closes QIP, sets issue price at Rs. 322 a piece.

🎯 Bharti Airtel :
Bharti Telecom to buy up to 4.62 per cent of Bharti AIrtel's stake, say sources. 

🎯 Vedanta :
Vedanta chief Anil Agarwal has lined up a Rs 10,000 crore investment plan for Jharkhand. This includes an iron ore mining project and an integrated steel plant. 

🎯 PNB :
Punjab National Bank had to scrap its Rs 1,500-crore perpetual bond issue last week. “The issue had strong response but was withdrawn due to a technical error at the BSE online platform,“ said a PNB official.

🎯 Ashok Leyland :
Ashok Leyland is looking at investing Rs. 400-500 crore in its electric vehicle business over the next three to five years. 

🎯 Bank of India :
State-owned Bank of India raised Rs.500 crore through perpetual bonds at a rate much cheaper than usual.

Edited by Sharp.
© Sharp Investment & Financial Advisers

IPO Updates Reliance Nippon Life Asset Management Ltd.

‼
We didn't recommend IEX nor GIC but we do Reliance Nippon.

Issue Open : Oct 25, 2017 - Oct 27, 2017.
Issue Price : Rs.247 - Rs. 252 Per Share.
Market Lot: 59 Shares.

Company is promoted by Reliance Capital Limited. Reliance Capital is an RBI registered non-banking finance company with business interests including in asset management and mutual funds, life, health and general insurance, commercial and home finance, stock broking, wealth management services, distribution of financial products, asset reconstruction and proprietary investments. Reliance Capital Limited is a part of Reliance Group led by Mr. Anil D. Ambani.

Nippon Life Insurance Company, one of the leading private life insurers in Japan is the co-promoter of the company. 

Reliance Nippon Life is involved in managing: 
1. Mutual funds (including ETFs); 
2. Managed accounts, including portfolio management services, alternative investment funds (AIFs) and pension funds; and 
3. Offshore funds and advisory mandates.

Year ended on 31st March, 2017, the net profits were 4055 millions and revenues of the company were 14004 millions.

We recommend to subscribe for the IPO for short term gains.

© Sharp Investment & Financial Advisers

26 Oct, Morning Brief

Market will open on a negative note as SGX Nifty is trading 25 points lower.

Yesterday, Nifty, which hit a record high of 10,340.55 in trade on Wednesday failed to keep the momentum going and the index closed below its opening level making a ‘Hanging Man’ type of pattern on the daily charts. Formation of a Hanging Man candle in the uptrend indicates a possible reversal or a top. 

US stocks fell on Wednesday, with the Dow Industrials and S&P 500 indexes suffering their worst day in seven weeks.
Dow ended down by 112 points lower.

Asian markets trading flat.

🎯 IPO Watch :
Reliance Nippon Life Asset Management was over-subscribed 4.63 times on the first day.

Major Results Today :
YesBank, Mcdowell-n, Biocon, Vijayabank, IB Ventures.

Results Updates :

🎯 HUL :
Net Profit At Rs. 1276 Cr.
Revenue Up by 6% At Rs.8,309 Cr.
Positive for the stock.

🎯 RBL Bank :
Net Interest Income up 39%
Net Profits up 67.6%
GNPA at 1.44% vs 1.46% QoQ.
Positive for the stock.

🎯 PNB Housing :
Net profit up 52.9% YOY (up 12.4% QoQ).
Disbursements up 44.6% YOY & down 5.3% QOQ to Rs. 5.3 cr
GNPA at 0.34% vs 0.43% QoQ.
Positive for the stock.

🎯 Engineers India :
Revenue up 26.6% At Rs.429.1 Cr.
Net Profit up 27.1% At Rs.119.2 Cr Vs Rs. 93.7 Cr (YoY).
Positive for the stock.

🎯 HCL Info :
Cons Net Loss At Rs. 455.6 Cr Vs Loss Of Rs. 37.1 Cr (YoY).
Cons Revenue Down 12% At Rs.880.6 Cr Vs Rs. 1000.1 Cr (YoY).
Negative for the stock.

🎯 Glaxosmithkline Pharma :
Net profit of GSK Pharmaceuticals rose 31.84 % to Rs 130.32 Cr Vs Rs. 98.85 QoQ.

🎯 Lupin :
Lupin gets USFDA nod for testosterone topical solution & Clonidine Hydrochloride Tablets.
Positive for the stock.

🎯 Quess Corp :
Company has signed a definitive agreement to acquire 70% equity in Vedang Cellular Services Private Limited with an investment upto Rs. 40 crores.
Positive for the stock.

🎯 HDFC Bank :
RBI instructs HDFC Bank to classify project loan account as a NPA.

🎯 Mannapuram Finance :
Company may raise Rs.200cr through allotment of non-convertible debentures on private placement basis.

🎯 ONGC, IOC :
ONGC IOC unveiled a Rs. 320cr fund to support start-ups in oil and gas sector for a period of 3 years.

🎯 BPCL :
BPCL plans to raise $500mn via bonds.

🎯 Kirloskar Pneumatic Company :
The firm has received a Letter of Acceptance from GSPL India Transco (GITL), for natural gas Compression Services including supply and installation of Gas Compressor on rental basis, for a value of Rs 60 crore. 

🎯 Wipro :
The IT firm announced the completion of Cooper Software Inc. 

🎯 Polaris :
Polaris Consulting To Consider Delisting On October 31.

🎯 JP Associates :
SC refuses nod to Jaypee to sell Yamuna Expressway, extends deadline to deposit 2000 Cr.

Edited by Sharp.
© Sharp Investment & Financial Advisers

25 Oct, Morning Brief

Gap-up opening expected as SGX Nifty is trading up by 90 points.
Yesterday, Dow ended on a record high note.

Major Results Today :
Results today: Hindustan Unilever, Kotak Mahindra Bank, PNB Housing Finance, HCL Technologies, RBL Bank, Engineers India, IDFC Bank, HCL Info, GSK Pharmaceuticals.

Results Updates :

🎯 Infy :
Cons Net Profit At Rs. 3726 Cr.
FY18 Revenue Guidance Cut To 5.5%-6.5% From 6.5%-8.5%.
Cautious over the stock.

🎯 Ambuja Cements :
Standalone Net Profit Up by 10% At Rs. 272.4 Cr Vs 247.5 Cr (YoY).
Standalone Revenue up by 13% At Rs. 2,319.6 Cr Vs Rs. 2,050.6 Cr (YoY).
Positive for the stock.

🎯 ABB :
Net Profit Up by 18% At Rs. 83.3 Cr Vs Rs. 70.6 Cr (YoY).
Revenue down by 7% At Rs.1,915 Cr Vs Rs. 2,055 Cr (YoY).
Positive for the stock.

Listing Today :
GIC

🎯 PSU Banks :
Cabinet Announces Rs. 2.11 Lk Cr Capitalisation Of PSU Banks (SBI, PNB, Bank of Baroda, Bank of India, Union Bank etc.)
Positive for the sector.

🎯 IRB/IL&FS/MEP :
The Rs 6.92-lakh-crore, five-year roads programme approved by the cabinet on Tuesday.
Positive for the sector.

🎯 Lupin :
Lupin receives FDA approval for generic Lodosyn® tablets.
Positive for the stock.

🎯 Rcom :
Reliance Communications to shut down DTH biz next month.

🎯 L&T :
L&T loses government order to supply 2.5mn smart meters in reverse bid.

🎯 Idea :
ATC to buy 20,000 Vodafone, Idea towers for over $1 billion EV

🎯 ICICI Prudential :
Company's Gross premium at Rs. 6599.4 cr, up 35.1% QOQ & 20.7% YoY.
Positive for the stock.

Edited by Sharp.
© Sharp Investment & Financial Advisers

24 Oct, Morning Brief

A flat to negative opening expected today ahead of SGX Nifty which was trading down by 13 points. Volatility like yesterday is expected to continue this week ahead of the F&O expiry and Q2 earnings. Bank Nifty signaled a negative marching ahead of expecting weak results but if guidance over the asset quality for next half year then the picture will be different.
European markets posted modest gains. 
US market saw declines dragged by technology and industrial stocks. 

🎯 News & Impact 🎯

Major Results Today :
Infosys, HDFC Bank, Asian Paints, Ambuja Cements, ABB India, Zee Entertainment, Can Fin Homes, ICICI Prudential Life, L&T Finance Holdings.

🎯 Indiabulls Hsg Finance :
Cons Net Profit At Rs.861 Cr Vs Rs.684 Cr (YoY).
Cons Revenue At Rs.3,067 Cr Vs Rs.2,510 Cr (YoY).
Positive for the stock.

🎯 Rcom :
Reliance Communications receives final approval from DOT for demerger of wireless Business of Sistema Shyam Teleservices Limited into RCom.

🎯 M&M :
Mahindra Logistics, a subsidiary of the company, sets IPO price band at Rs. 425-429 per share.

🎯 Cochin Shipyard :
The Ministry of Shipping had approved formation of Joint Venture Company between Cochin Shipyard and Hooghly Dock & Port Engineers.

🎯 Vedanta :
Vedanta will invest $8 billion over the next three years.

🎯 Tata steel, Ruias submit bid for essar steel but JSW steel gives it a skip.

🎯 Srei infra and 5 others eye Electrosteel

🎯 Bharti Airtel :
Bharti adds 1 mn users.

🎯 SBI :
SBI signs MoU with Escorts for tractor financing.

Edited by Sharp.
© Sharp Investment & Financial Advisers

23rd Oct, Morning Brief

SGX Nifty was trading higher about 34 points indicates positive opening at the market.
US stocks hit record closing highs on Friday and the S&P 500 posted a sixth week of gains after the US Senate passed a budget resolution, lifting hopes that President Donald Trump’s tax-cut plan may move forward.
Today, Japanese market jumped as an election win for Shinzo Abe.

🎯 News & Impact 🎯

Listing Today :
IEX

🎯 Granules India :
Gets US FDA Approval For Prasugrel Tablet.

🎯 M&M :
Approves Scheme Of Arrangement b/w Mahindra Two Wheelers & M&M.

🎯 Union Bank Of India :
Bank says Investment of Dai-Ichi Life Holding Inc., Japan in Union Asset Management Company Private Ltd. through Compulsorily Convertible Preference Shares.

🎯 Gayatri Projects :
NCLT , Hyderabad Bench at its hearing held on 10th October, 2017 has passed an order for admission under the provisions of Insolvency and Bankruptcy code.

🎯 Mahindra Lifespace :
Mahindra Lifespace Developers announces JV with HDFC Capital Affordable Real Estate Fund-1 to develop affordable housing projects in India.

🎯 United Bank of India, Bank of Maharashtra, Indian Bank :
Government to sell stake in 8 PSBs.

🎯 Gati :
Greenko Group in talks to acquire Gati Infrastructure's hydro-electric project.

🎯 HCL Infosystems :
Board Approves Rs.499 crore fund raising via rights issue.

🎯 Dr Reddys :
Dr Reddy's Lab recalls Famotidine tablets from the U.S. market.

🎯 Future Group is in an advanced stage of buying out the franchise rights of British retail chain WHSmith in India from Travel News Services India

🎯 TTML :
Tata Tele (Maha) Board Approves Raising Up To Rs.20,000 Cr Via Securities.

🎯 Bhushan Steel :
ArcelorMittal expressing interest to acquire Bhushan Steel.

🎯  IOC :
IOC delayed maintenance shutdown at its 300,000 barrels per day (bpd) Paradip refinery ineastern Odisha state to March - April.

🎯 ONGC: The refiner has drawn a blueprint to raise crude oil production by 4 million tonne (MT) and almost double natural gas output by 2020.

🎯 Inox Leisure : 
Inox Leisure has commenced the commercial operations of Video Cinema, taken on License basis, with effect from October, 21.

Edited by Sharp.
© Sharp Investment & Financial Advisers

18th Oct. Special Trading

I wish..

Number of times you and your family brush a year, equally you have *Colgate* in your Demat.

Day cares from *HUL* would give you freshly bath.

*Tata Global* would please your daily morning.

A *Titan* on your wrist should tell your time as well.

Peter Van or Louis would  suit on you like *ABFRL* in your Demat.

*Bata* would shine on your feet.

Your *Maruti* or *Tata Motors*'s Jaguar would be ahead of times.

*BPCL* and *HPCL* will support your empty tank.

You enjoy your lunch at BBQ nation by *Sayaji Hotels*  

Nescafe of *Nestle* will cherish your afternoon.

Your festive bonus would come into your *HDFCBANK* A/c and you should plan your holidays with *THOMAS COOK*.

Your wife would eager to enjoy your bonus with shopping at *Dmart* or Westside of *Trent* or that of *TBZ*.

Enjoy your drink of *Mcdowell-n* before *Daawat* on your dining.

No tensions you would face about hospitalization as you have sufficiently insured through *ICICIPRULI*.

Regular medicines from *Sunpharma* or *Lupin* should protect your family from viral infections.

Sleep well in *Voltas* A/c under a strong roof built with *AMBUJACEM* by *KOLTEPATIL*.

All these blessings should come soon over you from the Almighty.

Regards,
Prasaad Bhave.

© Sharp Investment & Financial Advisers

17 Oct, Morning Brief

Market may open on a negative note tracking SGX Nifty which was down by 18 points.

🎯 News & Impact 🎯

Major Results Today :
Axis Bank, Bajaj-Auto, Wipro, ICICI General Insurance

Results Updates :

🎯 Bajaj Finserv :
Cons Net Profit Up 13.3 % At Rs.652.30 Cr Vs Rs. 575.75 Cr (YoY).
Cons Total Income Up 27.7 % At Rs.7561 Cr Vs Rs.5919.9 Cr (YoY).
Positive for the stock.

🎯 Godawari Power & Ispat :
Godawari Power & Ispat gets additional 28,700 metric tonnes of long-term coal linkage in auction.

🎯 Hatsun Agro :
Company invests Rs. 60 crore to expand its cattle feed production plant in Tamil Nadu.

🎯 GTL Infra :
GTL Infra to refinance Rs.4,800 crore debt In three months.

🎯 Snowman Logistics :
Company bagged an exclusive deal from IKEA, the global home furnishing retail major, to manage backend operations of its in-store restaurants business in India.

🎯 Reliance : 
Reliance and its partner BP Plc of UK on Monday submitted a revised investment plan for bringing to production the satellite gas discoveries in the flagging KG-D6 block. 

🎯 Godawari Power :
Godawari Power & Ispat has been awarded additional 28,700 metric tonnes of long-term coal linkage in an auction. It will be used in the company's Sponge Iron Unit. With this additional quantity of coal linkage awarded to the Company, the total coal linkage aggregates to 5,13,400 metric tonnes. 

🎯 Atlas Cycles :
Stock split from FV Rs.10 to FV Rs.5 Record date - 31st Oct.

🎯 Pharma Sector :
A proposed amendment to the four-year-old Drug Price Control Order (DPCO) aims to bring non-scheduled drugs under price control by changing the pricesetting method.
Negative for the sector.

🎯 PSU Banks :
Gujarat CM announces zero percent interest loans for farmers.
Negative for the sector.

Edited by Sharp.
© Sharp Investment & Financial Advisers

16th Oct. Morning Brief

Domestic equity markets are likely to open on a positive note tracking SGX Nifty and global cues. SGX Nifty was up by 39 points at 10250.
US stocks rose on Friday following upbeat economic data and gains in technology shares.

🎯 News & Impact 🎯

Listing Today :
Godrej Agrovet 

Major Results Updates :

🎯 Reliance :
Cons Revenue (GU)5% At Rs.95,085 Cr Vs Rs.90,537 Cr (QoQ).
Cons EBITDA (GU)24% At Rs.15,565 Cr Vs Rs.12,554 Cr (QoQ).
Cons Net Profit (RD)10.8% At Rs.8,097 Cr Vs Rs.9,079 Cr (QoQ).
Rel Jio Net Loss At Rs.270.6 Cr Vs Loss Of Rs.21.3 Cr (QoQ)
Rel Jio Revenue At Rs. 6,147 Cr.

🎯 Avenue Supermarts :
Avenue Supermarts posted a 65.18 % jump in its net profit at Rs.191.02 Cr vs Rs. 115.64 Cr. 
Positive for the stock.

🎯 Bharat Financial :
IndusInd Bank announces merger with Bharat Financial.
Indusind will exchange 639 shares for every 1000 shares of Bharat Fin.
Positive for the stock.

🎯 VA Tech WABAG :
NCLT Recalls The Initiation Of Insolvency Proceeding On VA Tech WABAG

🎯 Godavari Power :
Company has been awarded 52,400 metric tonnes of Long-Term Coal Linkage.

🎯 Cadila Healthcare :
Zydus receives final approval from the USFDA for Allopurinol Tablets US.

🎯 Bharti Airtel :
Bharti Airtel has concluded the deal with Millicom to combine their operations in Ghana.

🎯 DEN Networks :
BARC India and DEN Networks join hands for RPD; Move to boost TV viewership measurement.

🎯 Reliance Naval :
Reliance Naval rights Issue of up to Rs.1,500 crore.

🎯 TCS :
TCS to sell real estate assets in Maharashtra and Gujarat, to raise 500cr.

🎯 Leela Ventures :
Leela Ventures has sought a restructuring of its repayment plan from JM Financial ARC.

🎯 TCI :
TCI Express chalks out Rs400cr expansion plans.

🎯 M&M :
Mahindra logistics may launch IPO by October end.

🎯 Raymond :
Raymond and Lodha put Mumbai office properties on the block.

🎯 JSPL :
The Naveen Jindal flagship has managed to repay its outstanding interest dues to lenders, using a large part of the proceeds of the Rs 1,211 crore sale of two of its oxygen plants to Srei Equipment Finance last week. 

🎯 SBI :
The Odisha government's Directorate of Treasuries and Inspection and the State Bank of India (SBI) have signed an MOU for integration of SBI e-Pay with cyber treasury. The MoU will facilitate revenue collection from citizens through digital banking platform, an official said. 

🎯 PSU banks :
The finance ministry is working on capital infusion strategy for the public sector banks (PSBs) and it is expected to be finalised by December, according to official sources. The Department of Financial Services is assessing the capital needs of various banks based demands made by them, sources said.

Edited by Sharp.
© Sharp Investment & Financial Advisers

6th Oct, Morning Brief

Market are likely to open on a positive note as SGX Nifty is trading up by 11 points.
The road head for the market will be decided by the corporate results which will start announcing from the next week.
Technically, after 9940 resistance, next hurdles are 9990 and 10085 to sustain above for hoping for new top.

🎯 News & Impact 🎯

IPO Updates :
Godrej Agrovet IPO subscribed 2.37x at day 2.

🎯 IDFC / Shriram Transport Finance :
The parties have agreed for extension of the CES Agreement up to November 8, 2017.

🎯 M&M :
M&M will be investing Rs.3,500 crore to Rs 4,000 crore in the EV business in the next three to five years.

🎯 Compton Greaves :
Compton Greaves leads race to buy Videocon owned Kenstar, for Rs 1400 crore.

🎯 Majestic Auto :
Company shuts down its fine blanking division

🎯 NGL Fine Chem :
Company to expand production capacity by incurring total capital outlay of 30 crore.

🎯 Phoenix Mills :
Company along with Canada Pension Plan Investment acquires additional adjoining land parcel in Pune worth Rs. 21.2cr

🎯 IDBI Bank :
IDBI Bank gets shareholder nod to issue, allot equity shares up to Rs.1,861 crore to govt.

🎯 Grasim :
CCI fines AB group firm Grasim, others for bid rigging in Delhi Jal board tenders.

🎯 Patel Engineering : 
The board has approved issue of optionally convertible debentures up to Rs.1,240 crore on preferential basis/private placement to the lenders by conversion of debt under Scheme of S4A. Besides, raising up to Rs.300 crore by way of Rights Issue of equity shares with or without warrants.

🎯 Music Broadcast :
Radio City, a part of Music Broadcast, announced the launch of its new age web platform radiocity.in Hindi, becoming the only radio network in India to offer an exclusive Hindi website. Radio City was the first radio network In India to take the digital route with the launch of radiocity.in. 

🎯 Aviation Sector :​
The IATA data showed that India's domestic RPK -which measures actual passenger traffic -rose by 16 % in August compared to the corresponding month of the previous year. 

Edited by Sharp.
© Sharp Investment & Financial Advisers

5th Oct, Morning Brief

Market are likely to open on a negative note as SGX Nifty trading on SGX were down 22.50 points.

🎯 News & Impact 🎯

New Listing :
Pratap Snacks

IPO Updates :
Godrej Agrovet IPO subscribed 52 percent on Day 1.

🎯 Force Motors :
Total sales down 6.7 % at 3,134 units Vs 3,360 units (YoY).

🎯 Future Retail is set to acquire HyperCity, a premium chain of 19 hypermarkets from Shoppers Stop for Rs. 700 crore through a combination of cash and shares.

🎯 ICICI Bank :
ICICI Bank allots basel III compliant bonds worth Rs. 475 crore on private placement basis.

🎯 SBI :
Rajnish Kumar NAMED SBI Chairman for 3 years.

🎯 M&M :
The carmaker has bagged a contract from the government to supply 150 electric sedans after the company agreed to match the lowest bid quoted by Tata Motors.

🎯 Dixon Technologies :
ICRA has upgraded the ratings of the Company assigned to bank facilities and commercial paper respectively to ICRA A+ from ICRA A.

🎯 Wockpharma :
DIPP approves 3 FDI proposals including that of Wockhardt. 
Positive for the stock.

🎯 NMDC :
Slashes iron ore prices by Rs 100 per tonne to Rs 2,300 per tonne for OCTOBER.

🎯 Piramal Enterprises :
Piramal Enterprises to invest Rs.280 cr in Puraniks thane project.

🎯 Zydus :
Zydus gets US nod to market anti-diuretic nasal spray.
Positive for the stock.

🎯 Infy :
Infosys to set up Helsinki design center.
KONE, a global leader in the elevator and escalator industry has selected Infosys to support its IT transformation.

🎯 Satin Creditcare :
Satin creditcare launches QIP with a floor price at Rs. 308/share.

🎯 Wipro :
Wipro Digital will acquire US-based Cooper.

🎯 Hinduja Global Solutions :
Company launches GST Compliance Services as a new business offer.

🎯 Mindtree :
Board meeting on October 25 to consider special dividend and results.

🎯 Radico Khaitan :
Reliance MF sells 35 lakh shares out of 1.1cr shares.

🎯 NBCC :
Finnish Co Fortum Oyj signs pact with NBCC to develop charging infra.

🎯 Confidence Petro :
The company announced that its subsidiary Blueflame Industries has commenced new cylinder manufacturing unit at Village Gutjora having capacity of 5 lakhs cylinders per year.

Edited by Sharp.
© Sharp Investment & Financial Advisers

Godrej Agrovet

Godrej Agrovet IPO

Issue Date : 4th Oct to 6th Oct.
FV : ₹ 10
Price Band : 450 - 460
Lot : 32 shares

Fairly priced and potential to give good returns in short term as well as long term.

Godrej Agrovet is India based agri-business Company offering products including Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry and Processed Foods. 

🎯 Pan-India presence with extensive supply and distribution network.
🎯 Diversified businesses with five business verticals.
🎯 Part of the Godrej group with a strong brand value.
🎯 Leading position in the segments in mkt.

Product Portfolio

1. In animal feed business, the products comprises cattle feed, poultry feed, aqua feed and specialty feed. The products are produced at 35 facilities and sold through 4000 distributors across India.

2. In crop protection business, company produces plant growth regulators, organic manures, generic agrochemicals and specialized herbicides. The products are sold in India and 24 countries. Company has over 6000 distributors in this business segment.

3. In oil palm business, the products include crude palm oil, crude palm kernel oil and palm kernel cake. Company owns five palm oil mills.

4. The dairy business is operate through a subsidiary Creamline Dairy. Company own nine milk processing units. Company has 2,500 milk product distributors and 50 retail parlors.

5. Company also produce processed poultry and vegetarian products.

We recommend to subscribe.

© Sharp Investment & Financial Advisers

4th Oct. Morning Brief

Market likely to open on a positive note as SGX Nifty is trading up.

Nifty may stretch to reach 9940 level and can be considered as an opportunity to lighten the long positions if any and go short.

🎯 News & Impact 🎯

🎯 Heromotocorp :
Company's total sales at 7.20 lakh units Vs 6.74 lakh units (YoY).

🎯 Auto Sector :
The government has cut excise duties on petrol and diesel by Rs. 2 per litre with effect from Wednesday, taking an Rs 26,000 crore in tax annual hit of revenue to cushion consumers from soaring fuel prices that have hit an all-time high.
Positive for the sector.

🎯 M&M :
State-run Energy Efficiency Services Ltd has offered to give 40 % of the order for 10,000 e-vehicles to Mahindra & Mahindra provided it matches the former's bid. 
Positive for the stock.

🎯 SJVN :
Cabinet likely to take up issue of addistional cost estimate of Rs 2100 crore for SJVNs Rampur project.
Positive for the stock.

🎯 Rcom :
Rating agency Moody didn't change the rating for the company after cancellation of Aircel deal.

🎯 IndiGO :
IndiGo to get DGCA nod for modified regional plans.

🎯 ONGC :
ONGC to go for bridge loan to fund HPCL deal.

🎯 IOB :
IOB waives processing fee on vehicle, housing loans.

🎯 IGL :
IGL hikes auto, cooking gas prices in Delhi-NCR.

🎯 India Cements :
India Cements gets shareholder nod for issue of NCDs/bonds/other securities.

🎯 Ahluwalia Contracts :
Company secured orders worth Rs.556 crore for construction of institutional, residential building.

🎯 Bharat Electronics :
Company approves allotment of bonus shares in ration 1:10.

🎯 Apollo Tyres :
Company launches QIP worth Rs.1500cr at Rs.250/share.

🎯 Cyient :
Company signs Global Software Licensing Agreement with Elpis Squared.

🎯 LT Foods :
Board approves raising of funds upto Rs. 500 cr via issuance of shares.

🎯 RBL Bank - ICRA upgrades rating to AA- from A on Basel III bonds.

Edited by Sharp.
© Sharp Investment & Financial Advisers

3rd Oct, Morning Brief

Markets are likely to open on a positive note, tracking SGX Nifty.
But technically Nifty is in position to sell on rise upto 9940 level.

🎯 News & Impact 🎯

🎯 Listing Today :
SBI Life Insurance.

🎯 Maruti :
Maruti Suzuki India has posted a growth of 9.3 % in its sales in September.
Positive for the stock.

🎯 Bajaj Auto :
Bajaj Auto has reported 14 % jump in monhtly sales. 
Positive for the stock.

🎯 Reliance Infrastructure : 
Greenko, backed by Singapore's GIC and Abu Dhabi Investment Authority, has sought to acquire Anil Ambani-led Reliance Infrastructure's flagship Mumbai electricity business for an enterprise value of Rs 13,000-14,000 crore ($2.15 billion).
Positive for the stock.

🎯 Lupin :
The company has received final approval for its Doxycycline Hyclate Tablets USP, 75 mg and 150 mg from the USFDA to market a generic version of Aqua Pharmaceuticals, LLC's Acticlate Tablets, 75 mg and 150 mg. 
Positive for the stock.

🎯 Rcom :
Reliance Communications calls of merger with Aircel.
Negative for the stock.

🎯 Dr Reddy :
Dr Reddy's launches Sevelamer carbonate tablets in US.

🎯 Suzlon :
Suzlon Energy says resignation of Mr. Sanjay Baweja as CFO.

🎯 JP Associates :
Company's shareholders have approved waiving all existing defaults. The company with exchange existing bonds with Series A, B bonds. 

🎯 Peninsula Land :
Company has entered into an Agreement to Sell the property of the Company situated at Pune.

🎯 SAIL :
CARE revises rating to AA- Negative from AA on long term bond programme.

🎯 MOIL :
Company has increased prices of Manganese ore and other products.
Positive for the stock.

🎯 Indiabulls Ventures :
Indiabulls Ventures to raise upto Rs. 2,000 crores, through rights issue to meet the funding requirements and to support future growth of consumer finance and assets reconstruction businesses carried out by the Company.

🎯 Jubilant Lifesciences :
Company receives approval from Health Canada for the RUBY Elution System (RbES) and proprietary RUBY Consumable Accessories.

🎯 Alok Industries :
Alok Industries has executed an Agreement with ECL Finance Limited for interim financing for an amount upto Rs.150 crore.

🎯 Sintex Industries :
Sintex Industries allotment of 81 lakh shares Equity Shares of to FCCB Bonds holder upon exercise of their conversion Right.

🎯 Gulf Oil :
Gulf Oil proposes to set up green field facility Valsad, with a capacity of 100,000 KL at cost of 75cr.

🎯 Sangam Advisors :
Company has been awarded LOI by Railways for implementation of 3.3 MWp roof top solar power project

🎯 Cadila Healthcare :
Zydus receives final approval from the USFDA for Doxycycline for Injection USP.
Positive for the stock.

🎯 HPCL :
HPCL wins Rs. 806 cr award against Malaysias M3Energy.
Positive for the stock.

🎯 Cochin Shipyard :
Cochin Shipyard looking for a expansion worth Rs.1800cr

🎯 ONGC :
ONGC gets green clearance for Rs. 456cr drilling project in Assam.

🎯 BASF :
Stahl India buys BASFs leather chemical business for Rs. 198cr.

🎯 DLF :
GIC seeks CCI nod for Rs.8,900cr deal with DLF promoters.

🎯 Power Grid :
Power Grid enters into a term loan agreement for Rs.3,270 crore with ICICI Bank.
Positive for the stock.

🎯 NIIT Tech :
Company Appoints Gautam Samanta As Its Europe Head.

🎯 Tata Motors :
EESL To Procure 10,000 Electric Vehicles From Tata Motors.
Positive for the stock.

🎯 TFCI :
TFCI Stake Sale: Buyers In TFCI Include Redkite Capital & Sajeeve Thomas.
Positive for the stock.

🎯  IGL :
Indraprastha Gas Gets Shareholders' Approval For Sub-Division Of Shares.

🎯 ICICI Bank :
Keeps MCLR-based Lending rates unchanged in Oct.

🎯 Telecom Sector :
TRAI Counsel No Settlement Of IUC Charges For Telcos Will Happen Before Nov.

Edited by Sharp.
© Sharp Investment & Financial Advisers