Gap up opening expected as SGX Nifty is trading up by 133 points as strong performance on global cues.
🎯 News & Impact 🎯
🎯 Rcom :
CCI approved the acquisition of Reliance Communication’s towers, optic fibre cable, right to use spectrum and media convergence nodes by Reliance Jio.
Positive for the stock. 👍
🎯 Coal India :
Board meeting approved payment of Interim Dividend at Rs.16.50 shares.
Positive for the stock. 👍
🎯 Goa Carbon :
Revoked suspension for 3 months at Goa plant for manufacturing of upto 20,000 mt of CPC.
Positive for the stock. 👍
🎯 Avanti Feeds, Apex Frozen Foods, Waterbase :
U.S. Department of Commerce has suggested a hike in anti-dumping duty on Indian shrimp to 2.34 % from 0.84 %. Indian shrimp exporters subject to new rates.
Negative for the stocks.
🎯 Aarti Drugs :
One of the unit of the company has been adversely affected due to massive explosion, the unit contributed around 16% to total revenue for period ended Dec, 2017.
Negative for the stock.
🎯 SpiceJet :
Company signed deal with CFM International for $12.5bn for purchase of LEAP -1B engine order for 155 737 MAX airplanes.
Add on long term service agreement.
🎯 NTPC :
may buy Bihar State Power Holding Co for Rs.3000cr.
🎯 Equitas Holding :
Penalty of Rs.1 mn by RBI omission to obtain prior RBI approval for distribution of third party products like MF etc.
🎯 JSW :
JSW Group unit to buy 50 % stake in GMR owned IPL cricket team - Delhi Daredevils.
🎯 Bhushan Steel :
Company clarified that Chairman BB Singhal appeared before SFIO on March 8.
🎯 Wilmar Sugar :
Company to make an open offer to acquire additional 49.8 crore shares, representing 26 % equity in Shree Renuka Sugars at a price of Rs.16.29 each (premium of 4.75 % from Friday's closing price).
🎯 Linde India :
Inauguration of first food lab for South Asia and ASEAN in Andhra Pradesh.
🎯 DHFL :
Company proposes to issue NCDs worth Rs 500 cr with an additional Rs.250 cr of greenshoe option.
🎯 Dolphin Offshore :
Enterprise bagged order worth Rs.6.75 crore from RAL, Malaysia.
🎯 STC India :
NPA of Rs 19.29cr on bank borrowing from Indian Bank and Union Bank.
It is in the process of restructuring.
🎯 Wipro :
Acquisition completed in Denim Group, US based leading application security solution provided on March 9, 2018.
Investor Ellioot Management buys tiny stake in the company.
🎯 Power Grid :
Company won contract to establish transmission system for “New WR-NR 765 kV Inter-Regional Corridor”.
🎯 Bharti Airtel :
RBI imposed panalty of Rs.5 crore on Airtel Payments Bank.
🎯 PC Jewellers :
Opening of 5 new stores in Haryana, Delhi and UP.
🎯 Bharat Wire Ropes :
Company seeks to raise Rs.50 crore via equity or debt.
🎯 Tata Motors :
Tata motor's group global wholesales up 18 % YoY to 1.21 lakh units in February.
🎯 Bharti Airtel :
Company received NCLT approval for merger of Telenor with self.
🎯 ARSS Infrastructure :
Company bagged work order worth Rs. 15.44 crore.
🎯 Amber Enterprises :
Company to acquire 70 % in Ever Electronics.
🎯 MOIL :
Company approved the setting up ferro alloy plants at Balaghat and Gumgaon for Rs.418.8 crore.
🎯 Oriental Bank Of Commerce to increase some marginal cost loan rates by 5-15 basis points from March 12.
🎯 Peninsula Land :
Company to acquire additional 6.4 % stake in Hem Infra for Rs 13.79 crore.
🎯 Bandhan Bank :
IFC and IFC FIG to sell 1.2 percent of total 5 percent stake in Bandhan Bank through the proposed IPO of the lender that opens from March 15, reported PTI.
🎯 Aarti Drugs :
Company said that its unit in Tarapur MIDC got affected by explosion. The affected plant contributed about 16% to the company's total revenue as of Dec. 31.
🎯 ONGC :
Company to sell stake in Gujarat Petrochem project to fund HPCL acquisition.
🎯 Arvind :
Company promoter Aura Securities pledged 42.50 lakh shares, or 1.64 % stake in favor of Bajaj Finance against loan to be availed.
🎯 Consortium of Jet Airways, France-KLM and Delta is understood to have expressed interest in national carrier Air India.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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