Tuesday, 28 November 2017

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

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