9 Feb, Morning Brief

Another gap down opening can be witnessed because of US markets crack. Results into fall in Asian indices. Nikkei down by more than 3%. SGX Nifty is trading down by 237 points at 10324. 😱

🎯 News & Impact 🎯

Major Results Today :
SBI, Bata, Bank of Baroda, BPCL, ONGC, Sun TV, Tata Steel

🎯 Relcapital :
Net Profit Gross Up 8.5 % At Rs.280 Cr Vs Rs. 258 Cr (YoY).
Revenue Gross Up 20.4 % At Rs. 4,749 Cr Vs Rs.3,945 Cr (YoY).
Positive for the stock. 👍

🎯 SAIL :
Net Profit At Rs 43 Cr Vs Loss Of Rs. 794.84 Cr (YoY).
Revenue Gross Up 35.6 % At Rs.15,323 Cr Vs Rs.11,298 Cr (YoY).
EBITDA At Rs 1,439.6 Cr Vs EBITDA Loss Of Rs 42.9 Cr (YoY).
EBITDA Margin At 9.4 %.
Positive for the stock. 👍

🎯 Fortis :
Mr Malvinder Singh and Shivinder Singh have tendered resignation from the directorships of Fortis.
Positive for the stock. 👍

🎯 Vedanta :
Company to close all mining operations in Goa from March 16.

🎯 Indraprastha Gas :
Company got authorization for Karnal CGD Network.

🎯 Mcnally Bharat :
Board to consider fund raising on Feb. 13.

🎯 Marathon Nextgen :
Board approved stock split.

🎯 SQS India :
BFSI shut down Australian branch office.

🎯 Eros International :
Company divested its entire 51 % stake in wholly owned subsidiary Ayngaran International to a British citizen.

🎯 Canara Bank :
Company to raise up to Rs.1,000 crore via QIP, rights, preferential issue of shares.

🎯 Trent :
Company to raise funds through issue of commercial paper upto an amount not exceeding Rs. 200cr

🎯 Indiabulls Real Estate :
Company to meet on Feb 14 in relation to demerger of residential and commercial business.

🎯 Indian Bank :
Bank changed in overnight MCLR for various tenors.

🎯 Vijaya Bank :
Bank issue of equity shares to govt on preferential basis for a amount upto Rs. 1277cr.

🎯 Allahabad Bank :
Staff allege coercion in bank’s share sale process.

Edited by Sharp.
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