Tuesday, 25 September 2018

26 Sept 2018 Morning Brief

A gap up opening expected as SGX Nifty is trading up by 65 points.

A volatile session ended with a positive closing which beat the five day losing streak yesterday. Nifty has plotted a bullish piercing type candle on the chart. Any closing above 11180 will break the short term downtrend set by last 6 sessions.

🎯 News & Impact 🎯

🎯 Bank of Baroda :
Moody's affirms bank's ratings, outlook stable.
Positive for the stock. 👍

🎯 Godrej Properties :
Company adds new residential project in Ghodbunder Road, Thane.

🎯 Rites :
Company has a joint venture company i.e. BNV Gujarat Rail Private Limited. Company has remitted second tranche of investment for an amount of Rs 24,70,000 to subscribe joint venture company's right issue.

🎯 NHPC :
Unit 2 of Parbati-II HE Project (4 x 200 MW) in Himachal Pradesh has been successfully synchronised with the grid at 10-11 MW load. Further, the Load throw off test on Unit 2 has been carried out successfully at 25 percent load (50MW) and at 100MW (50 percent load).

🎯 Adani Green Energy :
Company has won tender for setting up 300 MW Wind generation project.

🎯 Cosmo Films :
Company announced installation of a new solvent less lamination machine at its Karjan plant, Vadodara.

🎯 Greenply Industries :
Company sets up Euro 11-mn facility in Gabon.

🎯 Glenmark Pharma :
Company to consider buyback of its foreign currency debt worth $200 million on Sept. 28.

🎯 Tech Mahindra :
Company announced a strategic partnership with U.S.-based Cloudleaf Inc. The company will leverage Cloudleaf’s patented sensor fabric to deliver internet of things solutions across manufacturing telecom, aerospace, healthcare and automotive industries.

🎯 Blue Dart :
Company to invest Rs.200 crore for its expansion plans in tier II, IIII and IV towns.

🎯 Vakrangee :
Circuit filter revised to 5 percent.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

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