15 March, Morning Brief

Market will open on lower side as SGX Nifty is trading 30 points down.

🎯 News & Impact 🎯

IPOs :
ICICI Securities IPO opens on Mar 22, fixes price band at Rs 519-520

Bharat Dynamics IPO subscribed 46% on second day of bidding

Bandhan Bank raises Rs 1,342 cr from anchor investors.

🎯 MMTC :
Company to consider and approve the proposal for issue of bonus share on March 19.
Positive for the stock. 👍

🎯 Havells :
Havells India signs agreement with Hyundai Electric for manufacturing Magnetic Contactors.

🎯 Sintex :
Sintex Plastics Technologies allots 6.67 crore convertible shares to promoter Star Line Leasing on preferential basis.

🎯 Wipro :
Wipro to sell hosted data center services operations to U.S. based Ensono for $405 million.

🎯 Infosys :
Infosys is planning to open technology and innovation hub in Connecticut.

🎯 Asian Granito :
Company to enter into joint venture with a local partner to establish 10,000 meters per day GVT manufacturing unit in Andhra Pradesh.

🎯 Majesco :
Company to provide digital platform to Kookmin Best Insurance Co.

🎯 NMDC :
Company to consider first interim dividend on March 17.

🎯 Welspun Enterprises :
Company says NHAI to undertake re-bidding for Tamil Nadu highway project.

🎯 Aditya Birla Capital :
Company says ARC business receives certificate of registration from RBI.

🎯 Andhra Bank :
The lender has kept 1-Year MCLR At 8.4 percent.

🎯HDFC Life :
Company gave 31,65,606 options as ESOPs at Rs 10 face value.

🎯 Yes Bank :
Malaysia based IHH is said to be eyeing the 17 percent stake it purchased in Fortis Healthcare.

🎯 Tata Communication :
Company to deploy 15,000 street lights on IoT network in 5 yrs.

🎯 Tata Teleservices :
Company to phase out CDMA service in Delhi from Mar 19.

🎯 Bharti Airtel :
Company approves allotment of debentures to raise Rs.3,000 cr

🎯 Himadri Speciality :
Company to invest additional Rs.1,000 cr in Bengal.

🎯Jet Airways :
Company adds 144 new weekly flights this summer.

🎯 TVS Motors :
Company launches Apache RTR 160 4V priced at Rs.81,490.

🎯 Network 18 Media :
RBI gave No objection for merger of foreign wholly owned subsidiaries in to company.

🎯 Tata Motors, Bharat Forge and Motherson Sumi :
After imposing import tariffs on steel and aluminium, US President Donald Trump has hinted at wider reciprocal tariffs to arrest imbalances in duties and trade flows with focus on the automobile sector. Tata Motors, Bharat Forge and Motherson Sumi have exposure to the US market.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers