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.
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