Monday, 16 October 2017

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

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