4 Jan, Morning Brief

Market may open up as SGX Nifty is trading up by 22 points.

🎯 News & Impact 🎯

December auto sales :

🎯 Tata Motors
Total JLR US sales down 9.4 % at 11,394 units versus 12,573 units (YoY).
Total Jaguar US sales down 20.5 % at 3,414 units versus 4,294 units (YoY).
Total Land Rover US sales down 3.6 % at 7,980 units versus 8,279 units (YoY).

🎯 NBCC :
Company has secured the total Business of Rs.314.77 crore (approximately) in the month of December 2017 which includes construction of Indo-Bangladesh border fence and road along.

🎯 JP Associates :
The Reserve Bank of India has ordered banks not to initiate bankruptcy proceedings against Jaiprakash Associates, aimed at safeguarding the interests of buyers of homes being built by the company. 
Positive for the stock.

🎯 Aurionpro :
Cyberinc, a subsidiary, entered into a definitive agreement with KPMG LLP, USA, for sale of its Identity and Access Management (IAM) business.

🎯 HDFC :
Q3 profit on the sale of investments at Rs. 5,270 crore compared to Rs.3 crore YOY.

🎯 SJVN :
Company to consider share buyback on January 8.

🎯 Unichem Lab :
Board meeting on January 8 to consider buyback.

🎯 Lakshmi Vilas Bank :
Bank has approved the allotment of 6.3 crore shares at a price of Rs.122 per share issued on rights basis.

🎯 Hindustan Foods :
Company starts commercial production of pest care products for supplying to Reckitt Benckiser.

🎯 Bank of Maharashtra :
Bank to raise Rs.650 crore by way of preferential allotment to GOI.

🎯 DCB :
Bank plans to raise Rs.150 crore via bonds.

🎯 Indian Bank :
Bank revises interest rates for FCNR(B) deposits.

🎯 Greaves Cotton :
Company to make new BS-IV engines for Piaggio.

🎯 NALCO :
Company lines up 3 projects, invests Rs. 25,000 crore.

🎯 Novartis :
Company’s diclofinac injection flagged by health ministry panel.

🎯 HDFC :
HDFC-ADIA JV to invest USD 500 million in affordable Housing.

🎯 Coal India :
Company examining feasibility of producing methanol.

🎯 ONGC :
Company may pay Rs.45,000 crore for HPCL’s stake.

🎯 Nitesh Estates :
Chinese company Fosun eyes Rs.800 crore stake in.

🎯 GAIL :
Government looks to split GAIL into two units.

🎯 Adhunik Metaliks :
Adhunik Group has received about 15 to 20 separate expressions of interest (EoIs) collectively for its four struggling resources and metals companies that now await the resolution of ₹5,000 crore in debt and claims at dedicated insolvency courts.

Edited by Sharp.
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