3rd Nov, Morning Brief

Market are likely to open with marginal gains as SGX Nifty trading up by 10 points.
This liquidity driven rally may stretch roughly upto 10600 on shorter period and 10330 will be considered as an immediate support.

🎯 Major Results Today 🎯
PNB, Hindalco, Tata Power, Titan, Union Bank, BSE, PFC

Results Updates :

🎯 Vedanta :
Net Profit (GU)20% At Rs.2,986 Cr Vs Rs. 2,495 Cr (YoY).
Revenue (GU)36% At Rs.21,590 Cr.
Positive for the stock.

🎯 Glenmark :
Net Profit At Rs.214.1 Cr Vs Rs.223.5 Cr (YoY).
Revenue (GU)1.5% At Rs.2,256.6 Cr Vs Rs. 2,224.1 Cr (YoY).
Positive for the stock.

🎯 Powergrid :
Net Profit (GU)14.4% At Rs.2,141 Cr Vs Rs.1,872 Cr (YoY).
Revenue (GU)16% At Rs.7,252.8 Cr Vs Rs. 6,250.9 Cr (YoY).
Positive for the stock.

🎯 VST Tillers :
Overall tractors sales in October increased 14.4 % to 2,577 units.

🎯 AU Small Finance Bank :
Received approval from Reserved RBI to operate as Scheduled Commercial Bank.
Positive for the stock.

🎯 PNB Housing :
PNB Partial stake sale.

🎯 DrReddy :
Launch of generic Azacitidine for Injection in the Canadian Market.

🎯 LUPIN :
Lupin launches generic Acticlate® Tablets in the US.

🎯 Max Life :
Max Life keen to increase its stake in Lakshmi Vilas Bank upto 10%

🎯 Brigade Enterprises :
Company plans to invest 3000cr in Office Realty over three years.

🎯 Adani Enterprises :
In talks with China Machinery Engineering for financing of coal mine project in Australia.

🎯 Piramal :
Piramal Group in race for Binani, Electrosteel Steels.

🎯 SPML Infra :
SMPL Infra implements S4A to recast Rs546cr debt.

🎯 ONGC :
Plans to nearly double natural gas production in four years.

Edited by Sharp.
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