Wednesday, 1 November 2017

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

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