21 March, Morning Brief

A flat to positive start can be experienced today.
US markets on yesterday and Asian markets today show some positiveness which may help our market to trade positively.
Fed interest rate expected to hike in today's outcome of Fed policy, late evening. New appointed, Powell Jerome will chair the meet for the first time.
Goldman Sachs lowered its real gross domestic product (GDP) forecast on India for the year to March 2019 to 7.6 % from 8 % earlier on PNB fraud case.

🎯 News & Impact 🎯

IPO Watch

Mishra Dhatu Nigam IPO opens today with a price band of Rs. 87-90.

Hindustan Aeronautics subscribed 99% on the final day.

Sandhara subscribed 40% on day 2.

🎯 Ruchi Soya :
Godrej Agrovet might acquire Ruchi Soya.
Positive for the stock. 👍

🎯 IndiGo :
IndiGo, Qatar Airways to make joint bid for Air India.

🎯 Larsen & Toubro :
The company is set to win EPC contract for new dry dock in Kochi.

🎯 Sterlite Power :
Company acquires Rs 1,500 cr Goa-Tamnar.

🎯 Greenply Industries :
Company to explore an option to demerge its MDF Division into Greenpanel Industries.

🎯 Jindal Steel :
Company opens QIP at a floor price of Rs. 227.15 apiece.

🎯 Amtek :
Company says Liberty’s resolution plan not yet approved by lenders.

🎯 Transport Corporation of India : Company acquired one ship with capacity of 26,262 DWT for Rs 48.80 करोड़ to increase capacity in West coast.

🎯 Dalmia Bharat :
A company unit provides performance bank guarantee of 10 % for upfront payment to lenders in Binani Cement.

🎯 Mercator :
Company to sell vessel for $4.25 million to Best Oasis Ltd; will use proceeds to repay debt.

🎯 Manappuram Finance :
Company approved business plan for FY19.

🎯 TCS :
TCS partners with Saudi Real Estate Refinance company.

🎯NRB Bearings :
Company approves dividend at Rs.1.40 per share.

🎯 Ashoka Buildcon :
Company declares interim dividend.
Ashoka Buildcon emerges lowest bidder for Mort&H project.

🎯 DLF :
DLF declares interim dividend at Rs.1.20 per equity share.

🎯 Tata Motors :
Company to hike vehicle prices from April.

🎯 Raymond :
Company to raise Rs.100 cr via NCDs.

🎯 VEDL :
Vedanta plans to raise Rs.4,500 cr via NCDs.

🎯 MOIL :
Sunil Porwal has been appointed as the government nominee director on the firm’s Board.

🎯 Equitas Holdings :
The firm will allot 1,59,798 shares at Rs. 10 each under ESOP scheme.

🎯 UltraTech Cement :
According to a PTI report, the company may get support from Binani creditors.

🎯 Ashok Leyland :
The company will be supplying 50 e-buses for Ahmedabad’s BRT corridor, according to a report in The Hindu BusinessLine.

🎯 Rel Infra :
Reliance Infra arm moves HC for execution of Rs.5200 crore award.

🎯 Rcom :
Rcom lenders move SC against freeze on assets sale.

🎯 Reliance :
Jio board to meet on March 23 to consider raising up to Rs 20,000 crore. 

🎯 SBI :
SBI moves SC on RCom assets to cover loans.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers