25 Jan, Morning Brief

Positive opening expected as SGX Nifty is trading up by 24 points.

🎯 News & Impact 🎯

Major Results Today :
Maruti Suzuki, Ajanta Pharma, Avenue Supermart, Dr. Reddy, JSPL, L&T Finance Holdings, LIC Housing Finance, Tata Coffee. 

🎯 Motilal Oswal Financial Services :
The company posted a 66 % jump in net profits at Rs.148 crore. The consolidated revenues of the company stood at Rs.736 crore for the quarter, up 62 % from about Rs.456 crore.
Positive for the stock.

🎯 Pidilite :
Net profit up 18 % at Rs.239.1 crore versus Rs 202.6 crore (YoY).
Revenue up 15.6 % at Rs.1,542.9 crore versus Rs 1,334 crore (YoY).

🎯 Canbank :
Net profit down 62.1 % at Rs.125.7 crore versus Rs.321.9 crore (YoY).
NII up 52.4 % at Rs 3,679 crore versus Rs. 2,413 crore (YoY).
Gross NPA at 10.38 % versus 10.51 % (QoQ).

🎯 Cyient :
Deutsche Securities Mauritius on Wednesday sold nearly 5 % stake in the IT firm Cyient.

🎯 Bhusan Steel :
The $23.21-billion Japanese steelmaker JFE Holdings, and Sajjan Jindal's JSW Steel, are likely to put in a joint bid for bankrupt Bhushan steel.

🎯 Eveready Industries : 
Company entered into a joint venture with Indonesia's Universal Wellbeing to manufacture or import, and market fast moving consumer goods (FMCG) in India. 

🎯 Bharti Airtel :
Bharti Airtel has received regulatory approval to acquire Millicom International Cellular's Rwanda unit, Tigo Rwanda.

🎯 Tata Motors :
CLSA has maintained sell rating on Tata Motors.
Negative for the stock.

🎯 Biocon :
Biotechnology major Biocon on Wednesday reported a 46.4 % decline in its consolidated net profit at Rs. 91.9 crore.

🎯 Wipro :
Company said it will pick up a minority stake in US-based Harte Hanks for $9.9 million (Rs 66 crore) to strengthen its digital marketing services. 

🎯 NCC :
To consider fund raising via QIP on January 30, 2018.

🎯 Cadila Healthcare :
Company turns focus on vaccines and biosimilars.

🎯 PSU Banks :
Govt Will infuse Rs.8,800 crore in SBI,
Rs.5,473 crore in PNB,
Rs.5,375 crore in BoB,
Rs.4,865 crore in Canara Bank,
Rs.4,524 crore in Union Bank.
Rs.2,839 crore in Syndicate Bank,
Rs.1,890 crore in Andhra Bank,
Rs.785 crore in Punjab & Sind Bank,
Rs.10,610 crore in IDBI Bank,
Rs.9,232 crore in Bank Of India,
Rs.6,507 crore in UCo Bank,
Rs.5,158 crore in Central Bank,
Rs.4,694 crore in IOB,
Rs.3,571 crore in OBC,
Rs.3,045 crore in Dena Bank,
Rs.3,173 crore in Bank of Maharashtra,
Rs.2,634 crore in United Bank,
Rs.2,187 crore in Corporation Bank,
Rs.1,500 crore in Allahabad Bank,
Rs.1,277 crore in Vijaya Bank

Edited by Sharp.
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