Monday, 8 October 2018

9th October 2018 Morning Brief

Market will open on a positive note though volatility is not ruled out.

🎯 News & Impact 🎯

🎯 Usha Martin :
Company union raised concerns about irregular payment of salaries and has sought government intervention for sale of the company's wire rope manufacturing facility in Jharkhand to Tata Steel.

🎯 Britannia Industries :
Company announced it will give one free debenture worth Rs.30 in face value for one fully paid-up equity share.

🎯 NCL Industries :
September Quarter Updates: Cement dispatches were up by 31 percent at 4.88 lakh MT versus 3.72 lakh MT

🎯 Coal India / NLC
Coal India and NLC India signed an MoU for formation of joint venture for solar power generation of 3,000 MW and thermal projects of 2,000 MW capacity.

🎯 Sadbhav Infra Project arm won an arbitration award against NHAI for Rs 110.5 crore.

🎯 JMC Projects :
Company secures orders worth Rs.514 crore.

🎯 NBCC :
Company executed an MoU with Rajasthan government for redevelopment of old MREC campus in Jaipur for Rs 250 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

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