19th April, Morning Brief

Market will open on a positive note as an opening indicator SGX Nifty is trading up by 36 points.

The Nifty snapped its 9-day winning streak on Wednesday and plotted a negative candle on the daily chart. Nifty hold above the psychological support of 10500 mark.

Crude oil rose to late 2014 high was the reason for markets to stay weak.

🎯 News & Impact 🎯

Major Results Today :
TCS, Indusind Bank

🎯 ACC : 
Consolidated revenue up 14.2 % at Rs. 3,624.6 crore; profit up 18.6 % at Rs.250.4 crore.
Positive for the stock. 👍

🎯 HDFC Standard Life :
Net premium income up 24 % at Rs.8,900 crore.
Net profit up 40 % at Rs.347 crore.
Positive for the stock. 👍

🎯 Concor :
Company to consider stock split on April 30.
Positive for the stock. 👍

🎯 Bhusan Steel :
Tata steel may acquire 75 percent in Bhushan steel.
Positive for the stock. 👍

🎯 Ambuja /ACC :
Board of Directors approved limiting the period of the master supply agreement with ACC for 3 years.

🎯 Mishra Dhatu Nigam :
Company signed two pacts in DefExpo India 2018.

🎯 Bharat Dynamics :
Company signed licensing agreement with Defence Research Development Organisation (DROO) for ASTRA MK-1 Weapon System

🎯 Sun Pharma :
One of the owned company's subsidiary increased stake in Ranbaxy Malaysia Sdn Bhd via purchase of 4.93 % stake; current holding increased to 95.67 %.

🎯 ABG Shipyard :
Fresh bids are invited for the company under insolvency law.

🎯 Trigyn Techno :
Company received technology support staffing contract by Baltimore county public schools for 5 years

🎯 Sadbhav Infra :
Investment committee meeting on April 23 to approve NCD of Rs 170 crore

🎯 Ashok Leyland :
The company has drawn up Rs.1,000 crore plan for 2018-19.

🎯 Magma Fincorp :
ICRA upgraded credit rating to AA-/stable for bonds and bank facilities; raises Rs. 500 crore through QIP route, per share price is Rs.155.

🎯 Jain Irrigation :
Board approves plan to raise Rs.260 crore loan from World Bank arm.

🎯 Kirloskar Oil Engine :
Blackstone emerges as front runner to buy the Company.

🎯 Amtek Auto :
Subsidiary gets two binding bids by Liberty, Deccan Value.

🎯 Mastek :
Company declared dividend of Rs.4 per equity share of Rs. 5 each.

🎯 Jubilant Foodworks :
Company clarified on allegations about some products of Domino’s Pizza via video that co assure that they use real cheese in their products.

🎯 Infibeam :
Company receives online marketplace contract from NSDC.

🎯 ICICI Bank :
Bank chairman meets MF heads over succession plan, if Chanda Kochhar quits.

🎯 IFCI :
Company invites bids for sale of stake in NSE.

🎯 Lemon Tree Hotels :
Company signs 3 management contracts for hotel in Uttarakhand.

🎯 Dynamatic Technologies :
Company signs MoU with France’s Daher Aerospace.

🎯 NMDC :
Company cuts prices of lump ore and fines by Rs.100 each to Rs.2,900 per tonne and Rs.2,560 per tonne with effect from April 18.

🎯 Mercator :
Company says coal mining operations in Indonesia have attained near optimum levels.

🎯 GE Shipping :
Company takes delivery of secondhand very large gas carrier of about 81,617 cbm.

🎯 JHS Svendgaard :
Board approved additional investment in JHS Svendgaard brands and JHS Svendgaard retail ventures.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers