Sharp Finvest: 19 Mar, Morning Brief

Market may open flat to negative and continue to slide if breaks 10140 level on the closing basis.

🎯 News & Impact 🎯

🎯 Gail :
IOC, BPCL may buy 26% stake each in Gail.
Positive for the stock. 👍

🎯 Zydus :
Company receives final approval from the USFDA for Omeprazole and Sodium Bicarbonate Capsules.
Positive for the stock. 👍

🎯 Ashoka Buildcon :
Company's subsidiary Ashoka Concession emerged as lowest bidder for NHAI project.

🎯 Thermax :
Company won order worth Rs.503 crore for co-generation plants In Haryana and Punjab.

🎯 Zee Entertainment :
Company calls off acquisition of 9x Media, INX Music.

🎯 SBI / ICICI Bank :
SBI sold, ICICI Bank bought 4.4 % equity in Clearing Corporation for Rs.143 crore.

🎯 Videocon Industries clarified that it is evaluating process to sell stake in Brazil oil block.

🎯 REC :
Company launches USD 300 mln dollar-dominated bonds.

🎯 Tata Motors :
Company delivers 25 hybrid electric buses to MMRDA.

🎯 M&M :
M&M, Ford India may firm up JV pact by Month-end.

🎯 Grasim Industries :
Company increases Epoxy plant capacity to 1,23,097 MT per annum.

🎯 Gujarat Fluoro :
Gujarat fluorochemicals approves offer for sale for 6.1 percent equity of Inox Wind at price of Rs 115 each.

🎯 K.P. Energy :
Company recommends bonus shares issue.
Positive for the stock. 👍

🎯 UPL :
Company’s stake in Brazil’s Sinagro Group falls to 45 % from 49 percent.

🎯 TV Today :
Company to sell three radio stations with ISHQ 104.8FM to ENIL.

🎯 Orchid Pharma :
Company received three bids under insolvency proceedings.

🎯 Sona Koyo :
Sona Koyo Engineering’s promoter JTEKT Corporation to sell about 47 lakh shares on March 19,20 via offer for sale route.

🎯 Axis Bank :
Bank reviewed and retained MCLR rates across all tenors. The one-year MCLR has been set at 8.4 %.

🎯 Ramky Infra :
The company has bagged an EPC order of Rs.939.4 crore From NHAI In Srinagar.

🎯 YES Bank :
The bank has said that Life Insurance Corporation has raised stake in firm By 2.03% To 9.62%.
Positive for the stock. 👍

🎯 Speciality Restaurants :
Anjan Chatterjee to hand over operations to son.

🎯 Parag dairy :
UP govt to increase milk processing capacity of Parag dairy.

🎯 Entertainment Network :
Company signs pact with Adline Media

🎯 Hindustan Infralog :
Company acquires 90% stake in Continental Warehousing.

🎯 Shilpa Medicare :
USFDA issues EIR for Shilpa Medicare's formulations manufacturing.

🎯 Adani Enterprises :
Company incorporates wholly owned subsidiary, Adani Transport (ATL) on March 16, 2018

🎯 Liberty House’s bid for ABG rejected.

Sharp Finvest