15 Dec, Morning Brief

Market may open with a gap up as a cheer from exit pole results outcome the BJP will easily form the Govt.

🎯 News & Impact 🎯

Listing Today :
Shalby

🎯 Cadila Healthcare :
Company receives US FDA nod for Metronidazole (250-500 mg) tablets (used to treat pelvic inflammatory disease, endocarditis).
Positive for the stock.

🎯 Dr Reddy :
Company gets US FDA nod for Valganciclovir Hydrochloride tablets (an antiviral used to treat cytomegalovirus infection)
Positive for the stock.

🎯 Astrazeneca :
FDC of Dapagliflozin + Metformin hydrochloride film coated tablets expected to be launched in India in Q4 FY18.
Launch subject to receipt of import license from Drugs Controller General Of India.
Positive for the stock.

🎯 L&T :
Larsen & Toubro (L&T) said it has commissioned a 225 MW power plant in Bangladesh.

🎯 Union Bank / PNB :
12.93 crore shares allotment at Rs.154 per share under QIP aggregating to Rs. 2,000 Crore.

🎯 PNB :
Raised  Rs.5,000 crores through QIP.

🎯 Natco Pharma :
The pharma company has raised Rs 915 crore through issue of securities to qualified institutional investors, according to a regulatory filing. 

🎯 Gulf Oil :
Company starts commercial production at Chennai plant

🎯 Unitech :
HDFC sells 12.9 million shares, invokes 82 million pledged shares of Unitech.
Negative for the stock.

🎯 M&M :
M&M to hike prices by up to 3 % from January 2018.
Positive for the stock.

🎯 PNB :
PNB closes QIP issue; sets issue price at Rs.168 per share.

🎯 Godrej Industries :
Godrej Industries approves merger of Vora Soaps with Company.

Edited by Sharp.
© Sharp Investment & Financial Advisers