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.
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