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.
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