23 Jan, Morning Brief

Nifty will open up to touch 11000 for the first time ever as SGX Nifty is trading up by 37 points.

After a flat start yesterday, the bulls quickly took control and pushed the index to a fresh intraday high of 10,975.10. The index finally closed 71 points higher at 10,966.20.

US stocks advanced on Monday as each of Wall Street’s main scored records in the wake of a deal by US senators to end the federal government shutdown.

🎯 News & Impact 🎯

Major Results Today :
PNB Housing, IB Realty, United Spirits, Indiabulls Housing, IB Realestate, Can FIn Homes

Results Updates :

🎯 Asian Paints :
Cons Revenue Gross up 10.5% At Rs. 4,260.5 Cr Vs Rs 3,857.1 Cr (YoY).
Cons Net Profit Gross up 15.9% at Rs. 567.2 Cr vs Rs 489.3 Cr (YoY).
Positive for the stock. 👍

🎯 CDSL :
Net profit rose 12.77 % to Rs.18.28 crore vs Rs.16.21 crore in the year-ago quarter. Sales rose 28.24 % to Rs.40.96 crore in the December quarter compared with Rs 31.94 crore in the same quarter last year.
Positive for the stock. 👍

🎯 Havells India : 
Net profit of Havells India rose 27.06 % to Rs.194.36 crore. Sales rose 30.53 % to Rs. 1,965.77 crore.
Positive for the stock. 👍

🎯 Dewan Housing Finance Corporation :
Net profit of DHFL rose 24.99 % to Rs. 305.95 crore.
Positive for the stock. 👍

🎯 HSIL :
Commercial production of first phase of small size caps and closures plant Telangana commenced wef 22 Jan.

🎯 Bajaj Corp :
Launch of new product Bajaj Coco Jasmine Hair oil.

🎯 IOC :
Company might consider issue of bonus shares on Jan 30, 2018.

🎯 Kalptaru Power :
Transmission received new orders of Rs. 871 crore.

🎯 Tata Steel :
Tata Steel is keen on pursuing every opportunity to acquire stressed steel assets that can help it expand capacity in the domestic market.

🎯 DLF :
CRISIL Ratings has removed the developer from 'Rating Watch with Developing Implications. Besides it upgraded the realty developer DLF's long term /non-convertible debentures rating to CRISIL A+/Stable from 'CRISIL A'.

🎯 Pricol :
The company announced an exclusive partnership with Dongguan Shenpeng Electronics Co for introducing Electric Water Pumps in Indian Market. 

🎯 Nath Bio-Genes (India) :
The company announced the opening of the QIP issue on 22 January 2018. The floor price for the QIP issue is Rs.468.89 per share. 

Edited by Sharp.
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