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.
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