9 Nov, Morning Brief

Market likely to open on a positive note as SGX Nifty is trading up by 24 points.
10200 will be considered as a good support.

Major Results Today :

Aurobindo Pharma, Jindal Steel & Power, Tata Motors, HPCL, SAIL, NHPC, PTC.

🎯 News & Impact 🎯

Results Updates :

🎯 Petronet LNG :
Income at 7770.2 Cr.
EBITDA at 898.7 Cr.
Positive for the stock.

🎯 Voltas :
Revenue up 7% YoY at 1037 Cr.
EBITDA up 24% YoY at 86 Cr.
Margin at 8.2%
PAT at 95 Cr.

🎯 Arvind :
Shareholders of Arvind Ltd will get 1 equity share of Arvind Fashions for every 5 held by them, and 1 equity share of Anup Engineering Limited for every 27 shares held by them. On completion of the demerger process in 8-9 months.

🎯 Reliance Infra :
Likely to bag Rs.1000cr order from NPCI.

🎯 HDFC Bank :
HDFC Bank has reduced its benchmark marginal cost of funds based lending rates (MCLR) by 5 basis points across all tenures.

🎯 Sree Metals :
NCLT okays resolution plan for Sree Metaliks.

🎯 Indian Hotels :
Tata sons raises stake in Indian Hotels by 1.78% to 29.79%.

🎯 Telecom Sector :
TRAI Directs Broadcasters To Restrain From Placing Channels On Landing Pages

Edited by Sharp.
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