A gap down opening expected as SGX Nifty is trading at 10345 against Thursday's closing of 10442.
🎯 News & Impact 🎯
Auto Sales :
🎯 Hero MotoCorp February sales up 20 % year-on-year to 6,29,597 units.
🎯 TVS Motor February sales up 37 % year-on-year to 2,90,673 units-.
🎯 Power Tillers sales up 65 % YoY to 2,525 units.
🎯 Laurus Labs :
Company said that the U.S.FDA completed inspection of its Unit 2 with zero observations under Form 483, and received maiden approval from the drug regulator for TDF tablets used in the treatment of HIV-1 infection.
Positive for the stock. 👍
🎯 Glenmark :
S&P revises rating from negative to stable.
Positive for the stock. 👍
🎯 HDFC Bank :
Bank may launch it's equity share sale of upto $ 2.5 billion (around Rs. 15000 crore) in fortnight while HDFC AMC could file draft for an IPO.
Positive for the stock. 👍
🎯 Aurobindo Pharma received Form 483 from the U.S. FDA for its Unit IV with nine observations.
🎯 Coal India’s coal production stood at 54.46 million tonne in February, while the coal offtake was 49.97 million tonne. It failed to achieve its set target.
🎯 Fortis Healthcare :
Manipal Health Enterprises set to buy Fortis Healthcare for Rs 6,500 crore.
🎯 NMDC :
NMDC cut lump ore prices by 3.2 %, and fine prices by 3.62 %.
🎯 Wipro :
Wipro to acquire 33.33 % stake in the U.S. based application security solution provider, Denim group for $8.8 million.
🎯 IOC :
Company has bid for a stake in Vietnami Binh Son Refining & Petrochemical Company.
🎯 Poly Medicure :
Company started commercial production at its Haryana plant.
🎯 Punjab National Bank :
PNB raised interest rates by 10-45 basis points on various tenures.
🎯 Dilip Buildcon :
Company received Letter of Award by NHAI for two new hybrid annuity projects in Karnataka worth Rs 4,473 crore.
🎯 JBM Auto board approved scheme of amalgamation of JBM Auto Systems and JBM MA Automotive with self.
🎯 L&T Finance :
L&T Finance to consider issue price for preferential issue to L&T on March 7.
🎯 HealthCare Global Enterprises :
Company entered into an agreement with promoter to buy a cancer care hospital for Rs.52 crore.
🎯 Reliance Naval :
According to RBI circular, company loans will be either classified as irregular or sub-standard.
🎯 Fortis Healthcare gets notice from Serious Fraud Office seeking information and documents.
🎯 Welspun Enterprises :
Appointed date for NHAI project is Feb 28, 2018.
The EPC contract is worth Rs.897 cr.
🎯 GSFC :
Commissions film grade Nylon 6 project on Feb 28. The plant has capacity of 15 MT per day of Film grade Nylon. Also commissions Caprolactam Quality Improvement Project on Feb 28.
🎯 Allahabad Bank :
Bank clarifies that they have informed the exchanges about exposure worth USD 366.87mn to PNB fraud.
🎯 Can Fin Homes :
RBL officials with The representatives from KPMG and EY met the mgmt of the Company and meeting was arranged by Canara Bank Meeting was done to understand business model of the Company.
🎯 Canara Bank :
Bank approves infusion of Rs.4865 cr by Govt. of India.
🎯 Piramal Enterprises :
Company approves transfer of certain assets and liabilities to subsidiary for net consideration of Rs.1729.48cr.
🎯 HCL Infosystems :
Company approves slump sale of “DigiSchool business undertaking”, part of the subsidiary of the company on going concern basis.
🎯 Religare :
Company receives letter from SFIO that MCA has ordered an investigation in the affairs of the Company
🎯 HDFC Bank :
Bank seeks to raise USD 2.5 bn via share sale.
🎯 IDBI Bank :
Bank may initiate insolvency process against Orissa Slurry pipeline
🎯 Adani Gas plans direct listing of shares.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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