30 Nov, Morning Brief

Market likely to open gap-down as SGX Nifty is trading 50 points down.

As mentioned into yesterday's blog, Nifty failed to sustain over 10400 and result is in front of us.

Today's derivative contract expiry and Q2 GDP data may keep the session volatile. Forthcoming RBI's move will drive the trend for the market.

🎯 News & Impact 🎯

🎯 Insurance Companies :
IRDA Board Suggests 5-yr Lock-in For PE Invst Of Over 10% In Insurance Companies.
IRDA Subjects PE Invst Of Over 10% In Ins Cos Via SPV Route.
Positive for the sector (SBI Life, HDFC Standard Life, ICICI Prudential Life, ICICI Lombard).

🎯 SBI :
Hikes Int Rates By 100 Bps On Bulk Deposits B/W `1 Cr & `10 Cr Fm Nov 30.

🎯 ICICI Lombard :
ICICI Lombard and National Insurance Company Limited may take a combined hit of Rs 300 crore from the fire that gutted the manufacturing unit of Haldiram.
Negative for the stock.

🎯 Infosys :
Buyback opens today.

🎯 Aurobindo Pharma :
Gets Tentative US FDA Nod For Tadalfil Tablets.

🎯 Dr Reddy's Laboratories :
Dr Reddy’s Laboratories said it has been served a securities class action lawsuit in the US for alleged violations of federal securities laws. 

🎯 M&M Financial ;
Issue 2.5cr shares to M&M at Rs.422 aggregating to an amount of 1055cr.

🎯 Indiabulls Housing Finance :
Crisil has upgraded long-term rating to the highest rating of '[CRISIL] AAA/ Stable', from AA+/Positive.
Positive for the stock.

🎯 Usha Martin :
India Rating and Research has downgraded the Company Long-term Issuer Rating from existing 'IND BBB-' to 'IND BB+.
Negative for the stock.

🎯 Lupin :
Lupin recalls cholesterol drug in USA.

🎯 Allahabad Bank :
Cuts 1-Year MCLR From 8.30% To 8.25%

🎯 Lakshmi Vilas Bank :
Sets 1-Year MCLR At 9.20% With Effect From Dec 1.

🎯 Uttam Galva Steels :
Billionaire Lakshmi Mittal’s company ArcelorMittal said its 29% equity stake in Uttam Galva Steels will not impede them from participating in bidding for stressed steel assets in India.

🎯

Edited by Sharp.
© Sharp Investment & Financial Advisers

29 Nov, Morning Brief

A positive opening is expected as SGX Nifty is trading up by 23 points.

Yesterday we saw a slippery movement as it didn't sustain above 10400 mark.
Today also it would be the major hurdle to cross for upside move.

🎯 News & Impact 🎯

🎯 NTPC :
Looking At Charging Station Biz As Well As Power Supply Biz For EVs, said CMD.

🎯 Genus Power :
Company Bags Smart Meter Order Worth Rs. 453 Cr From EESL.
Positive for the stock.

🎯 Larsen &Toubro :
The 150 % increase in fares by Larsen & Toubro’s Hyderabad Metro project will reduce start-up losses.
Positive for the stock.

🎯 Technofab Engineering :
Company bags order worth Rs.281 crore funded by Asian Development Bank.

🎯 Jet Airways :
KLM to expand code sharing partnership in India.

🎯 Wipro :
Wipro to buyback up to 34.37 crore shares at Rs. 320 per share.

🎯 SpiceJet :
Spicejet forays into real estates business, incorporated Canvin Real Estate Private Limited.

🎯 Balaji Telefilms :
Officials to meet RARE Enterprises today.

🎯 South Indian Bank : 
South Indian Bank has raised Tier 2 capital aggregating Rs.490 crore by allotting 49,000 non-convertible, redeemable, unsecured, Basel III compliant bonds at 9.50 % per annum interest payable half yearly for a period of 126 months.

Edited by Sharp.
© Sharp Investment & Financial Advisers

28 Nov, Morning Brief

Negative operation expected as SGX Nifty is trading 19 points down.

🎯 News & Impact 🎯

🎯 Glenmark :
US FDA issues 7 observations to Glenmark pharma’s Baddi unit.

🎯 Wockpharma :
Wockhardt arm, Wockhardt AG gets US FDA nod for Oxacillin sodium injectable.

🎯 Inditrade Capital :
Company decided to enter into a non-binding letter of intent for acquisition of majority shareholding in Varam Capital Private Limited, an NBFC-MFI.

🎯 L&T : 
L&T may sell assets by March to fund acquisition spree.

🎯 HDIL :
Company seeks shareholders nod to issue two crore warrants to promoter

🎯 Real estate stocks :
IT Department to tax unsold flats lying with developers for more than 1 year.
Negative for the sector.

🎯 IDBI Bank :
Board granted in-principle nod to divest 74 lakh or 1.5 % shares of NSE held by company.

🎯 Nalco :
Nalco says government cuts stake in company by 5.16 % to 60.2 %.

🎯 Rcom :
To sell non-core DTH business BIG TV to Pantel Tech & Veecon Media.

🎯 PNB Housing Finance :
To sell up to 1 crore shares representing 6 % of total paid up equity share capital.

🎯 Auropharma :
Unit 10 completes USFDA inspection last week with nil observations.
Positive for the stock.

🎯 UFO Moviez :
SBI MF sells 2 lakh shares (2.5 percent stake) at Rs 458.05 per share

🎯 Rallis India :
Franklin Templeton MF buys 17,81,405 shares at Rs 230 per share

🎯 Subex :
UNO Metals sells 28,80,000 shares at Rs 8.28 per share

🎯 Websol Energy :
India Max Investment Fund sells 1,75,433 shares at Rs. 113.71 per share.

🎯 Tata Power :
Tata Power Solar Systems, a wholly owned subsidiary of the company has commissioned India's first rooftop solar carport at the 70000 sq. mtr. Unity One Mall, a Unity Group project in Rohini, Delhi.

🎯 Future Enterprises :
Future Enterprises announced that the IPO of its subsidiary Future Supply Chain Solutions has received approval of Registrar of Companies.

🎯 Patel Engineering :
The company has successfully completed the assignment of transfer of actionable claims and asset with corresponding debts valuing Rs 2,000 crore from its books to its wholly owned subsidiary - Hitodi Infrastructure.

🎯 Bharati Defence :
NCLT has granted 90-day one-time extension for corporate insolvency resolution process.

🎯 Telecom stocks: The Telecom Regulatory Authority of India (Trai) will issue recommendations on net neutrality today.

Edited by Sharp.
© Sharp Investment & Financial Advisers

27 Nov, Morning Brief

Negative opening expected as SGX Nifty is trading 39 points down. Failing to cross 10400 level on closing basis, will lead index to more pessimism.

🎯 News & Impact 🎯

🎯 Sun Pharma :
Initiates Voluntary National Recall Of Diabetes Drug Riomet (Oral Solution).
The Recall Is Being Conducted With The Knowledge Of The US FDA.
Cautious for the stock.

🎯 ONGC :
ONGC has sought more than doubling of natural gas prices to help bring significant discoveries in KG basin and Gulf of Kutch to production. 
Positive for the stock.

🎯 Satin Credit Care :
is in the process of raising Rs.205 crore from private sector lender IndusInd bank and from existing overseas shareholders.

🎯 Dredging Corp:
Non-Exec Employees Union Given Notice Of Indefinite Strike On Or After Dec 6 Against Govt Decision To Privatise/ Sell Stake Of Co.
Cautious over the stock.

🎯 Siemens :
The company reported a sharp 74.9 % decline in standalone net profit at Rs. 623.8 crore.

🎯  Autoline Industries :
Autoline Industries announced that its subsidiary - Autoline Industrial Parks has received environmental clearance for the proposed special township project on 104 acre land parcel located at Mahalunge, Chakan, Pune. 

🎯 M&M :
Automaker Mahindra & Mahindra has entered into a partnership with Uber India to deploy electric vehicles on the US cab aggregator’s platform.

🎯 Quess Corp :
Company has signed definitive agreements to acquire 51% equity in Trimax Smart Infraprojects Private Limited.

🎯 Cupid :
Company wins order From United Nation population fund to supply female condoms worth 1.3 cr.

🎯 GPT Infraprojects :
Jogbani Highway Private a subsidiary has been awarded a claim of approximately Rs.62 Crores by the 3 member Arbitral Tribunal unanimously.

🎯 Suzlon :
Renewable energy ministry cautioned anti dumping duty authorities against high duties on imported solar equipments.

🎯 Bharati defence :
Mahindra, Shapoorji may bid for bharati defence.

🎯 Jindal stainless, Welspun:
Both the companies to set up Industrial parks in उड़ीसा along with Gitanjali infratech.

🎯 NTPC :
NTPC scouts for coal based power plant built with local equipment.

🎯 Info Edge :
Jefferies has downgraded Info Edge.

🎯 Motherson Sumi : 
UBS has maintained its buy rating.

Edited by Sharp.
© Sharp Investment & Financial Advisers

24 Nov, Morning Brief

Flat opening expected as SGX Nifty is trading down by 5 points.

Nifty has been consolidating between 10,300 to 10,370 from last 3 sessions. It requires a decisive hold above 10350 to extend its move towards 10,400 - 10420, now considering support at 10,300 and  10,230.
Max Put OI shifted to 10300 and Call OI stood at 10500.

🎯 News & Impact 🎯

🎯 EPFO’s CBT approves investment of up to 2% in AA+ rated corporate bonds.

🎯 Swaraj Engineers :
Company to consider buyback on November 28

🎯 Skipper :
Company to enter into a JV for drip irrigation business with MetzerPlas Cooperative Agriculture Organization of Israel.

🎯 CG Power :
Company bags Rs.111 crore order from Indian Railways.

🎯 Cox & Kings :
Meininger Hotels signing agreement for opening of a new hotel at Dresden in Germany.

🎯 Aditya Birla Money :
SEBI imposes Rs10 lakh fine on Ab Money.

🎯 Idea :
Idea cellular to double 4G capacity in state, Goa.

🎯 Videocon :
Company resolves with banks to stay out of NCLT.

🎯 Biocon :
Biocon unveils new biosimilar bevacizumab.

🎯 Sunteck Realty :
Company to invest Rs.1500 crore in commercial leasing portfolio.

Edited by Sharp.
© Sharp Investment & Financial Advisers

23 Nov, Morning Brief

Flat to positive opening expected as SGX Nifty is trading up by 12 points.

Another doji type hammer candle made on the daily chart yesterday for Nifty50 shows bulls are not able to hold the strength above 10360-10370 zone which proves a resistance facing for the index. If it pierces and closes above the zone, short covering took place to raise the index further. 10200 & 10500 are the strike prices where highest OIs have taken place for put & call respectively.

🎯 News & Impact 🎯

🎯 Quess Corp :
Company has obtained board approval to raise over Rs 600 crore by divesting a 5.42 per cent stake in its subsidiary Quess Corp Limited.

🎯 Arrow Greentech :
The company has received patent rights from US patent authorities for its method of manufacturing embedded water soluble firm carrier.

🎯 MBL Infra :
MBL Infrastructure could emerge as India’s first roadbuilder to achieve a successful insolvency resolution on about Rs.1,700 crore of outstanding loans.

🎯 MMTC :
State-run MMTC will import 2,000 tonnes of onion.

🎯 JPAssociates :
Supreme Court directed its 13 directors not to alienate their personal properties and asked the company to pay up ₹275 crore by December end.

🎯 Adlabs Entertainment :
Radhakishan Damani, founder of supermarket chain D-Mart, has completed the acquisition of Novotel Imagica, Khopoli from Adlabs Entertainment.

🎯 TTML :
Tata Teleservices mobile customers to start transitioning to the Airtel network.

🎯 Bank Of India :
Gets SEBI Nod To Raise Rs.3000 Cr Via QIP.

Lasa starts pilot production trial runs at unit IV plant.

🎯 Karur Vysya Bank :
Karur Vysya Bank allots 11.7 crore shares via rights issue.

🎯 Arrow Greentech :
Company receives patent for manufacturing water soluble film carrier.

🎯 PowerGrid :
Powergrid corporation eyes projects worth 1.6lakhcr in electricity drive.

Edited by Sharp.
© Sharp Investment & Financial Advisers

22nd Nov, Morning Brief

Market will open on a positive note as SGX Nifty is trading up by 24 points.

After yesterday's dragon fly doji candle made on daily chart, it confirms that Nifty is facing resistance to close above 10350-10360 zone to proclaim to make new high in this move.

🎯 News & Impact 🎯

🎯 NCC :
BGR Infra and NCC win contract relating to Min development and operation of Talaipalli Coal block.

🎯 Ajanta Pharma :
Ajanta Pharma received the final approval for Clonidine Hydrochloride Extended Release Tablets from US FDA.
Positive for the stock.

🎯 Satin Creditcare :
BM on 24th November To consider and approve issuance of securities on private placement basis, to persons belonging to Promoter and Non Promoter category.

🎯 Adani Enterprises :
The company is close to securing a deal with Chinese enterprises and export credit agencies to fund both the mine and the rail link. Sources.

🎯 New India Assurance :
Movie Padmavati has been insured by NIA under production and distribution for Rs. 300 crore but company said that there has been no risk due to delays in the release of movie.

🎯 Reliance Capital :
Reliance Capital raises Rs.2500cr from banks, financial institutions.

🎯 TeamLease Services :
T Rowe Price picks up 5% in TeamLease Services.
Positive for the stock.

🎯 SAIL : 
Union Steel Minister Birender Singh said the SAIL and ArcelorMittal will sign an MoU for forming a joint venture to set up a 1.5 million tonne per annum auto-grade steel plant, in the next few days. 
Positive for the stock.

🎯 Mahindra & Mahindra :
Ford Motor and its Indian partner Mahindra & Mahindra could create their own electric car line in the country to help battle pollution from the vehicles clogging India’s roads
Positive for the stock.

🎯 Canara Bank :
The bank has decided to go for monetisation of non-core assets by selling its shares in part or full in Canara Robeco Asset Management Co, Canbank Computer Services and Can Fin Homes. 

🎯 Lakshmi Vilas Bank :
Lakshmi Vilas Bank to consider rights issue on Friday.

🎯 Dredging Corporation :
Dredging corporation of India employees go on strike to protest the strategic sale of Government equity.

🎯 Bank Of Baroda :
Bank Of Baroda Approves Proposal To Raise Equity Capital Worth Rs.6,000 Cr Via Rights Issue Or QIP.

🎯 Telecom Sector :
The telecom regulator has proposed relaxing spectrum holding limits.
Positive for the sector.

🎯 Leather Sector :
Cabinet May Consider Package For Leather Sector today.
Positive for the sector.

Edited by Sharp.
© Sharp Investment & Financial Advisers

21st Nov, Morning Brief

Positive opening expected as SGX Nifty is trading up by 33 points.
Nifty should sustain above yesterday's high to confirm the strength.

🎯 News & Impact 🎯

🎯 Cadila Healthcare :
Zydus Gets US FDA Nod For Ethacrynate Sodium injection.
Positive for the stock.

🎯 Infibeam :
Seen in talks to sell minority stake to Fairfax Fin Holdings.

🎯 MIRC :
Onida open to sale at a good valuation, keen to take slot vacated by Videocon.

🎯 SBI :
Aims to raise 2.5k cr via General Insurance Arm listing.

🎯 Donear Group :
Acquires OCM Woolen Mills

🎯 Rcom :
Lenders clear RComs Delhi, Chennai Asset sale for 801 Cr.

🎯 Marico :
Company Enters Soup Segment.

🎯 Madhucon Projects :
World bank temporarily suspends Madhucon Projects from particiapiting in projects.

🎯 Quess Corp :
Company considered and approved the acquisition of 51% equity stake in Tata Business Support Services Limited.

🎯 ARSS Infra :
Company wins order worth 87cr for work of roadbed, major & minor bridges, track linking, S&T service buildings, other civil works.

🎯 NBCC :
Company awards contract to simplex Infra worth 542 Cr.

🎯 South Bank :
Bank to issue Basel III tier II bonds for an amount not exceeding 500 Cr.

🎯 Godrej Properties :
Board Approves Scheme Of Amalgamation Between Co & Godrej Real Estate.

Edited by Sharp.
© Sharp Investment & Financial Advisers

20th Nov, Morning Brief

Market may open with a flat note as SGX Nifty is trading down by 8 points.

Asian shares started the week on the back foot on Monday, pressured by a retreat on Wall Street amid tax reform uncertainty while the euro skidded after German coalition talks hit an impasse.

Despite a strong up move, Nifty50 closed off the high with a red candle as it failed to build on to the gains after the gap up opening. So, today's move will be crucial whether bulls keep their momentum or bears will become aggressive on profit booking.

🎯 News & Impact 🎯

🎯 Logistics Sector :
Logistics Sector To Get Infrastructure Status.
Fin Min Has Given The Nod To Give The Logistics Sector Infrastructure Status.
Transportation, Warehouse, Logistics Parks Segments Included In Logistics Sector.
Positive for the sector.

🎯 Biocon :
Gets Establishment Inspection Report For May 25-June 3 Inspection By US FDA.

🎯 AstraZeneca :
Astrazeneca Arm, AstraZeneca AB Gets US FDA Nod For Monoclonal Antobody, Benralizumab Injectable.
Positive for the stock.

🎯 Teva Gets US FDA Nod For Darunavir Tablets

🎯 L&T :
L&T Construction to build Mumbai Trans Harbour Link Order valued at Rs.8,650 Crore.

🎯 Strides Shasun :
Eris Lifesciences will buy Strides Shasun India's brands for Rs 500 crore. 

🎯 Divis Labs :
Divis Lab received an Establishment Inspection Report (EIR) from US-FDA for our Unit-II, as closure of audit by FDA

🎯 Rcom :
Moody's Investors Service withdraws rating of Reliance Communications and its Senior Secured Notes.
Negative for the stock.

🎯 SMS Pharma :
SMS Pharma completed its Fifth US Food and Drug Administration (US FDA) inspection for its Manufacturing facility - Unit-II, located.

🎯 Vadilal Industries :
Promoters maybe looking to exit Vadilal, looking at a valuation of Rs.600cr.

🎯 White Goods :
Whirlpool, Voltas, Bajaj Electricals in focus - GST rate may be cut down to 18% from 28%.
Positive for the sector.

🎯 Tata Comm, Ttml :
Tata communications which is in talks to buy the enterprise business of Tata Teleservices, has appointed Axis capital as its investment banker for valuations.
Positive for Ttml.

🎯 PVR :
Company is set to invest $4 million to pick up a minority stake in American luxury restaurant-and-theatre company iPic -Gold Class Entertainment.

🎯 Puravankara :
Planning to launch 14 new projects.

🎯 Narayana Hrudayalaya :
Planning about 500 Cr expansion.

Edited by Sharp.
© Sharp Investment & Financial Advisers

17th Nov, Morning Brief

Market will open with a gap-up  as SGX Nifty is trading up 86 points on US markets' gain on strong earnings of Walmart & Cisco and Moody's up gradation of India's sovereign rating to Baa2 from Baa3. Asian markets are also up tracking US market gains.

🎯 News & Impact 🎯

🎯 Listing Today :
HDFC Standard Life.

🎯 Govt May Offer 200 bps Cut In GST Payable For B2C Digital Transaction.

🎯 Coal India :
The company considering raising prices to meet the cost of the 20 per cent wage hike.

🎯 Vedanta :
Odisha Govt. Panel Approves Vedanta's Proposal To Expand Lanjigarh Alumina Refinery.
Positive for the stock.

🎯 PVR :
To acquire mintorty stake in iPic glod class entertainment.

🎯 United Spirits :
United Spirits in arbitration to recover Rs. 1800 crore from United Breweries Holdings.

🎯 HDFC :
IFC, HDFC to set up USD 800 million realty fund.

🎯Reliance :
Reliance to raise USD 1.8 billion to cut reliance on high cost debt

🎯 Sundram Fasteners :
TVS group’s auto-component maker Sundaram Fasteners has begun its electric vehicle (EV) journey with an order from Elon Musk-founded carmaker Tesla to supply key parts in gear transmission and equivalents of radiator caps.

🎯 GTL Infra :
Lenders to GTL Infra have received bids from four players for buying up to 58 % Stake.

🎯 Edelweiss Financial Services :
Company has raised Rs.1,500 crore by selling fresh shares to institutional investors.

🎯 FMCG stocks :
The Union Cabinet has approved setting up of the proposed National Anti-profiteering Authority under goods and services tax (GST) to ensure consumers get the benefit of lower taxes under the new indirect tax regime.

🎯 Housing Finance Sector :
Carpet Area Hike For Int Subvention To Boost Sale Of Already-built Affordable Flats.
Positive for the sector.

Edited by Sharp.
© Sharp Investment & Financial Advisers

14th Nov, Morning Brief

Flat to negative opening expected as SGX Nifty is trading negative with 16 points.
Nifty continued the formation of lower highs - lower lows for 5th session. Needs to negate the same to get a short term reversal.
Nifty has a good support at 10230 and yesterday it has given close just below the level. Sustainability below 10230 will open more downside towards 10120, 9990 & 9840. Similarly, 10330-10350 will be the immediate hurdles for upside journey.

🎯 Major Results Today :
Sunpharma, Bank of Baroda, Eicher Motors, GAIL, Grasim, Cadila Healthcare, Bata India, Indiabulls Real Estate

🎯 News & Impact 🎯

Results Updates :

🎯 NMDC :
Net Profit (GU)9.6% At Rs.844.4 Cr Vs Rs. 770.7 Cr (YoY).
Revenue (GU)39.2% At Rs.2,421 Cr Vs Rs. 1,739.2 Cr (YoY).

🎯 Adani Enterprises :
Loss At Rs.15.1 Cr Vs Profit Rs.36.7 Cr (YoY).
Revenue (GU)19.6% At `9,083 Cr Vs `7,594 Cr (YoY).

🎯 Sun Pharma :
Sunpharma subsidiary Taro gets USFDA nod for Fexofenadine Hydrochloride oral suspension.
Positive for the stock.

🎯 Havells India :
Company signs a pact with South Korea’s Hyundai Electric for supply of low and medium voltage protection, and switching devices.

🎯 IOL :
IOL Chemicals and Pharma to invest Rs. 200 crore for expanding manufacturing capacity.

🎯 Bharti Airtel :
Company plans to raise $400mn by selling 3.5% in tower arm.

🎯 Simplex Infra :
Company bags Rs. 1,080 crore Mumbai metro job.

🎯 Lupin :
Lupin expects the US drug regulator’s action against the company to leave only an “immaterial dent” on its revenue, even though it would affect its plans to launch new drugs. 

🎯 Jet Airways :
Jet Airways is in "serious discussions" about ordering a further 75 Boeing 737 Max aircraft.

Edited by Sharp.
© Sharp Investment & Financial Advisers

13th Nov, Morning Brief

Market may open on a flat note.
Considering 10500 and 10200 is a consolidation band for the Nifty.

🎯 News & Impact 🎯

September IIP At 3.8 percent Vs 4.5 percent (MoM).

🎯 Axis Bank :
Axis bank To Sell 8.23 % Stake (Post Warrant Conv) For `11,626 Cr Via Fresh Eq & Warrants.

🎯 Reliance :
Reliance Jio looking to refinance USD 1.5 billion of overseas debt.

🎯 Rcom :
Differences with lenders may hit RCom’s SDR plan.

🎯 ONGC :
Company expects first oil from KG basin in 2020 and gas by 2019.

🎯 IPCA Labs :
Company wins order for supply of anti-malarial medicines by the Global Fund Pooled Procurement Mechanism.

🎯 HSIL :
HSIL approves plan for demerger of retail and building products business.

🎯 Welspun Enterprises :
Welspun Enterprises signs agreement with NHAI for expansion of a section of NH-31 at a project cost of Rs 1,161 crore.

Edited by Sharp.
© Sharp Investment & Financial Advisers

10 Nov, Morning Brief

A gap down opening expected as SGX Nifty is trading 55 points down because of weakness in US markets yesterday.

Major Results Today :
SBI, M&M, BOI, BPCL, DLF, JISLJAL, Suntv, Oil, NHPC.

🎯 News & Impact 🎯
Results Updates :

🎯 PTC :
Revenue up 30% at Rs. 5289 Cr.
Pat up 15% at Rs.130 crs vs Rs.113 Cr.
Positive for the stock.

🎯 Just Dial :
Google is in talks with Just dial to acquire its business.
Positive for the stock.

🎯 SAIL :
ArcelorMittal to expedite setting up of their proposed joint venture for a RS.5,000-crore auto-grade steel plant. 
Positive for the stock.

🎯 Alok Industries :
Reliance Ind may be looking at buying part of textile maker Alok Industries.
Positive for the stock.

🎯 Zydus :
Faces probe over drug with no approval.
Negative for the stock.

🎯 NTPC :
Alters plans of taking over stressed power plants, offers fee based management services.
Positive for the stock.

🎯 Reliance Home Finance :
To consider raising funds via QIP.

🎯 JK Paper :
To consider allotment of equity shares to FCCB shareholders.

🎯 NTPC :
Company announced that consequent upon successful commissioning, 50 MW (25 X 2 MW) Rojmal Wind Project at Rojmal, Gujarat.
Positive for the stock.

Edited by Sharp.
© Sharp Investment & Financial Advisers

9 Nov, Morning Brief

Market likely to open on a positive note as SGX Nifty is trading up by 24 points.
10200 will be considered as a good support.

Major Results Today :

Aurobindo Pharma, Jindal Steel & Power, Tata Motors, HPCL, SAIL, NHPC, PTC.

🎯 News & Impact 🎯

Results Updates :

🎯 Petronet LNG :
Income at 7770.2 Cr.
EBITDA at 898.7 Cr.
Positive for the stock.

🎯 Voltas :
Revenue up 7% YoY at 1037 Cr.
EBITDA up 24% YoY at 86 Cr.
Margin at 8.2%
PAT at 95 Cr.

🎯 Arvind :
Shareholders of Arvind Ltd will get 1 equity share of Arvind Fashions for every 5 held by them, and 1 equity share of Anup Engineering Limited for every 27 shares held by them. On completion of the demerger process in 8-9 months.

🎯 Reliance Infra :
Likely to bag Rs.1000cr order from NPCI.

🎯 HDFC Bank :
HDFC Bank has reduced its benchmark marginal cost of funds based lending rates (MCLR) by 5 basis points across all tenures.

🎯 Sree Metals :
NCLT okays resolution plan for Sree Metaliks.

🎯 Indian Hotels :
Tata sons raises stake in Indian Hotels by 1.78% to 29.79%.

🎯 Telecom Sector :
TRAI Directs Broadcasters To Restrain From Placing Channels On Landing Pages

Edited by Sharp.
© Sharp Investment & Financial Advisers

8 Nov, Morning Brief

Market may open on a flat note.

Yesterday, Nifty formed a Long Black Day on the daily chart and erased the gains of last four sessions and filled the gap zone between 10,383 and 10,367 which registered on 1st November.
Usually such a gap is expected to offer support on the downside. But a failure to do so may be an indication of strengthening downward momentum for the near term.

Major Results Today :
Ashok Leyland, Bharat Forge, OBC, IRB, Petronet.

Results Updates :

🎯 Jindal Saw :
Revenue down 1% at Rs. 1321cr
EBITDA up 6% at Rs. 218.6cr

🎯 News & Impact 🎯

Thinning Out The 28% Tax Slab On Agenda Of GST Council.

🎯 Mahindra Lifespace Developers :
Company to launch 2 industrial parks and invest close to Rs. 600cr

🎯 RCom :
Reliance Comm says Renegotiating tower business sale with all interested parties, including Brookfield Infrastructure.

🎯 Akzo Nobel :
Company to sell specialty chemicals business to an affiliate for Rs.320cr

🎯 Titagarh Wagons :
Titagarh Wagons plans to develop safety systems for Railways, forms JV with Italian company.

🎯 Idea, Reliance Industries :
50% ceiling on spectrum holdings in a band may go.

🎯 PNB :
Punjab National Bank to close or relocate up to 300 branches

🎯 NMDC :
NMDC mulls bidding for $9bn mine

🎯 DCM Sriram :
DCM Shriram to invest around Rs.500 crore in sugar business to increase overall capacity.

🎯 JSW Energy :
JSW Energy has successfully secured an order from Power Company of Karnataka Ltd (PCKL) for supply of 200 MW power on short term basis for the period from 8th November, 2017 to 31st May, 2018.

🎯 Axis Bank :
Axis Bank To Hold Board Meeting On Nov 10 To Consider Raising Capital.

Edited by Sharp.
© Sharp Investment & Financial Advisers

7th Nov, Morning Brief

Market will open positively as SGX Nifty trading up by 39 points.

An inverted hammer on the daily chart yesterday speaks a lot. Yesterday's top of 10490 can be considered as a resistance for a while and to maintain the upstream, Nifty should sustain above 10490-10510 zone.

Major Results Today :
BHEL, Cipla, Indian Overseas Bank, Indian Bank, Jindal Saw

Results Updates :
🎯 L&T Infotech :
Net Profit Up 4% At Rs. 273 Cr Vs Rs. 267.2 Cr (QoQ).
Revenue (GU)4.8% At Rs. 1,750.8 Cr Vs Rs.1,670 Cr (QoQ).

🎯 News & Impact 🎯

🎯 RECL :
The Indian Railways may rope in state-owned REC to fund its ambitious plan to electrify the entire network by 2021-22.

🎯 Narayana Hrudayalaya :
Signs Pact To Buyback 71.4% Shrhlding In Health City Cayman Islands.

🎯 STC / MMTC :
Cabinet To Take Final Call On Commerce Min Proposal For STC-MMTC Merger.

🎯 HFCL :
HFCL bags Order for Rs.1248 cr from Bharat Sanchar Nigam Limited for Defence Communication Network

🎯 Tata Chemicals :
Company announces sales of its Phosphatic Fertilizers business to IRC Agrochemicals Private ltd for Rs.375cr.

🎯 MLL :
Mercator's QIP opens on 6th November at Rs.44.

🎯 AXISCADES :
Company to acquire Mistral Solutions for Rs.175 Cr.

🎯 RCom :
Reliance Communications enters into binding MOU to sell 100% equity in Non Core DTH business to VeeCom Media.

🎯 PNB :
Punjab National Bank to raise Rs. 5k cr; appoints merchant bankers.

🎯 Wheels India :
Wheels India to close the operations at Pantnagar facility.

🎯 Singer India :
Stock split from FV Rs. 10 to FV Rs. 2.

Edited by Sharp.
© Sharp Investment & Financial Advisers

6th Nov, Morning Brief

Gap down opening expected today as SGX Nifty is trading down by 59 points.

Major Results Today :
Indian Bank, Gujarat Gas, REC, Piramal Enterprises, Just Dial, L&T Infotech, Century Textiles.

🎯 New Listing :
Reliance Nippon

🎯 News & Impact 🎯

🎯 L&T & HCC :
NHAI Bars L&T, Hindustan Construction from Bidding for NHAI & Road Min Projects.
Negative for the stock.

🎯 Reliance :
Moody's revises RIL credit outlook to stable from positive.

🎯 DLF :
CCI approves sale of Compulsorily Convertible Preference Shares (CCPS) of DLF Cyber City Developers (DCCDL) held by Promoter group companies to GIC Singapore.

🎯 ITC :
The cigarette maker said it plans to invest Rs 10,000 crore to set up food processing facilities across the country.

🎯 MLL :
Mercator lines has entered into MOA with M/s. Gemini Marine (No.3) Limited, Nevis to sell its vessel Harsha Prem for total consideration of USD 3.42 Million.

🎯 Torrent Power :
Torrent power acquires Branded Formulation Business of India and Nepal of Unichem Laboratories.

🎯 VRL :
VRL board of directors at their meeting held on November 03, 2017 approved the buy-back of equity shares of the Company.
Positive for the stock.

🎯 Godrej Properties :
Scheme Of Amalgamation b/w Godrej Buildcon, Godrej Projs Dvpt approved by both companies.

🎯 IOC :
Indian Oil Corporation to raise raise Rs. 700cr through bond sale.

🎯 NLC India : 
NLC India to set up solar plants on railway land.

🎯 Himadri Speciality Chemicals :
Company mulls investing Rs.628 cr for brownfield expansion.

🎯 RCom :
Brookefield calls off Reliance Communications deal after Aircel merger falls through.
Negative for the stock.

🎯 Mcdowell-n :
United spirits gets RBI nod to exit Nepal Subsidiary.
Positive for the stock.

🎯 Videocon :
Compton to buy Kenstar brand.

Edited by Sharp.
© Sharp Investment & Financial Advisers

3rd Nov, Morning Brief

Market are likely to open with marginal gains as SGX Nifty trading up by 10 points.
This liquidity driven rally may stretch roughly upto 10600 on shorter period and 10330 will be considered as an immediate support.

🎯 Major Results Today 🎯
PNB, Hindalco, Tata Power, Titan, Union Bank, BSE, PFC

Results Updates :

🎯 Vedanta :
Net Profit (GU)20% At Rs.2,986 Cr Vs Rs. 2,495 Cr (YoY).
Revenue (GU)36% At Rs.21,590 Cr.
Positive for the stock.

🎯 Glenmark :
Net Profit At Rs.214.1 Cr Vs Rs.223.5 Cr (YoY).
Revenue (GU)1.5% At Rs.2,256.6 Cr Vs Rs. 2,224.1 Cr (YoY).
Positive for the stock.

🎯 Powergrid :
Net Profit (GU)14.4% At Rs.2,141 Cr Vs Rs.1,872 Cr (YoY).
Revenue (GU)16% At Rs.7,252.8 Cr Vs Rs. 6,250.9 Cr (YoY).
Positive for the stock.

🎯 VST Tillers :
Overall tractors sales in October increased 14.4 % to 2,577 units.

🎯 AU Small Finance Bank :
Received approval from Reserved RBI to operate as Scheduled Commercial Bank.
Positive for the stock.

🎯 PNB Housing :
PNB Partial stake sale.

🎯 DrReddy :
Launch of generic Azacitidine for Injection in the Canadian Market.

🎯 LUPIN :
Lupin launches generic Acticlate® Tablets in the US.

🎯 Max Life :
Max Life keen to increase its stake in Lakshmi Vilas Bank upto 10%

🎯 Brigade Enterprises :
Company plans to invest 3000cr in Office Realty over three years.

🎯 Adani Enterprises :
In talks with China Machinery Engineering for financing of coal mine project in Australia.

🎯 Piramal :
Piramal Group in race for Binani, Electrosteel Steels.

🎯 SPML Infra :
SMPL Infra implements S4A to recast Rs546cr debt.

🎯 ONGC :
Plans to nearly double natural gas production in four years.

Edited by Sharp.
© Sharp Investment & Financial Advisers

2nd Nov, Morning Brief

Market likely to open on a negative note as SGX Nifty is trading 18 points down.

Major Results Today :
Vedanta, Power Grid, Glenmark Pharmaceuticals, Andhra Bank

🎯 Results Updates 🎯

🎯 Heromotocorp :
PAT (GU)0.6% At Rs.1,010.5 Cr Vs Rs. 1,004.2 Cr (YoY).
Revenue (GU)7.3% At Rs. 8,362 Cr Vs Rs. 7,796.2 Cr (YoY).

🎯 Tech Mahindra :
Net Profit (GU)4.7% At Rs.836 Cr Vs Rs. 798.6 Cr (QoQ).
Rs. Revenue (GU)3.7% At Rs. 7,606 Cr Vs Rs.7,336.1 Cr (QoQ).
Positive for the stock.

🎯 Aurobindo Pharma :
Gets US FDA Nod For Fexofenadine & Pseudoephedrine Hcl Tablets.

October Auto Sales :
🎯 Tata Motors
Total JLR US Sales (RD)4.4% At 8,368 Units Vs 8,751 Units (YoY)
Total Jaguar US Sales (RD)10.2% At 2,891 Units Vs 3,219 Units (YoY)
Total Land Rover US Sales (RD)1% At 5,477 Units Vs 5,532 Units (YoY).

🎯 TVS Motor :
(GU)2.9% At 3.17 Lk Units Vs 3.08 Lakh Units (YoY)

🎯 GOCL received order from Coal India for supply of bulk explosives worth Rs 322 cr

🎯 Solar Industries :
Company bags order worth Rs.1,143 cr from Coal India for supply of bulk explosives.

🎯 Shree Cements :
Shree Cements wins a coal linkage auction for Chhattisgarh captive plant.

🎯 Kolte Patil :
Kolte Patil in talks with PE investors to set up Rs500cr realty platform to fund its future prospects.

🎯 Bharti Airtel :
Bharti Airtel to transfer optical fibre business to Telesonic Networks for an overall consideration of not more than Rs 5,650 crore.

🎯 ICICI Bank :
To Consider Domestic Fund-Raising Via Bonds On Pvt Placement Basis On Nov 6.

🎯 NTPC: A massive explosion ripped a boiler at the state-run power giant NTPC's Unchahar plant in UP Rae Bareli district.

Edited by Sharp.
© Sharp Investment & Financial Advisers