4th April, Morning Brief

Market will open flat to positive as SGX Nifty is trading up by 7 points.
Yesterday, Nifty gained 33 points to close at 10245. Market recovered smartly from the intra-day low in the later part of the day. 

🎯 News & Impact 🎯

Listing Today :
ICICI Securities & Mishra Dhatu Nigam

🎯 HDFC :
Company's Q4 income from dividend to be Rs.3.31 bn vs Rs. 2.23 bn YoY, sold Rs.64.53bn of loan in preceding 12 months.
Positive for the stock. 👍

🎯 Lupin :
Lupin's Goa plant clears UK MHRA audit.
Positive for the stock. 👍

🎯 JMC Projects :
Company bags new orders worth Rs. 9.42 bn.
Positive for the stock. 👍

🎯 Zensar Technologies :
Company has bagged a four-year deal from the City of San Diego for network services for a deal value of up to USD 79 million.
Positive for the stock. 👍

🎯 Sun Pharma :
Sun Pharma gets US FDA nod for Methadone hydrochloride tablets.
Positive for the stock. 👍

🎯 Suven Life :
Company gets product patent from Canada.

🎯 MGNL :
Mahanagar Gas teams up with Tata Comm to deploy 5,000 smart gas meters in Mumbai.

🎯 ONGC :
ONGC says onshore gas output increased 8.3% to 5.64 BCH.

🎯 IndusInd Bank :
Bank in pact with WhatsApp to connect customers.

🎯 Eicher Motors :
Company to invest up to Rs.8 bn in FY19.

🎯 GIC Re to cover ONGC's upstream offshore assets of up to $40 bn.

🎯 Fortis Malar Hospitals :
Promoter Fortis Hospitals creates pledge on 62.9 percent equity on March 28

🎯 Tata Motors :
March auto sales

-JLR US sales up 10.2 % at 14,232 units versus 12,918 units (YoY).

-Jaguar US sales down 34.2 % at 3,260 units versus 4,953 units (YoY).

-Land Rover US sales up 37.8 % at 10,972 units versus 7,965 units (YoY)

🎯 Indiabulls Housing Finance :
Company paid interest on principal on its NCDs on April 3, 2018.

🎯 Kotakbank :
Kotak Mahindra Bank made a payment of interest on its bonds at 8.450 %.

🎯 IDBI Bank :
It has approved a proposal for issue of equity capital up to Rs.7,881 crore to the government.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers