1st February, 2019 Morning Brief

Market will open positively extending yesterday's rally backed by global cues.

Strong earnings from Facebook Inc added to optimism in U S markets after the Federal Reserve’s dovish remarks on the previous day, while investors waited for the outcome of US-China trade talks resulted into mixed closings on the major bourses.

Asian shares ticked up to four-month highs on Friday on hopes the leaders from the United States and China could strike a trade deal and as the Federal Reserve appeared to have all but abandoned a plan to raise borrowing rates further.

Nifty50 has made a strong bullish candle on yesterday on the daily chart. 10865 and 10950 are the hurdles to surpass the herculean task ahead to head up the 11000 mark. Nifty50 recovered losses seen in previous three consecutive sessions and closed above 10,800 mark.
Market will react today on the interim budget outcome.

🎯 News & Impact 🎯

Major Results Today :

Dr. Reddy, SBI, Titan

Results Updates :

🎯 Power Grid (Q3, YoY) :
Revenue up 12.8 % at Rs.8,471.2 crore.
Net profit up 14.2 % at Rs.2,331.2 crore.
Ebitda up 12.3 % at Rs.7,569.4 crore.
Margin at 89.4 % versus 89.8 percent.
Positive for the stock. 👍

🎯 Bharti Airtel (Q3, QoQ) :
Revenue up 0.5 % Rs.20,519 crore.
Ebitda down 0.4 % at Rs.6,218 crore.
Margin at 30.3 % versus 30.6 %.
Net profit down 28 % Rs.86.2 crore.

🎯 Vedanta (Q3, YoY) :
Revenue down 3 % to Rs.23,669 crore.
Ebitda down 11 % to Rs.5,953 crore.
Ebitda margin at 29 % versus 35 %.
Net profit down 21 % at Rs.1,574 crore.

🎯 Hero MotoCorp (Q3, YoY) :
Net revenue up 7.5% at Rs.7,865 crore.
Net profit down 4 % at Rs.769 crore.
Ebitda down 4 % at Rs.1,105 crore.
Margin at 14 % versus 15.8 %.

🎯 UPL (Q3, YoY) :
Revenue up 17.3 % at Rs.4,921 crore.
Net profit down 19.7 % at Rs.461 crore.
Ebitda up 22.6 at Rs. 1,016 crore.
Margin at 20.6 % versus 19.8 %.
Exceptional loss of Rs.91 crore.

🎯 NMDC (Q3, YoY) :
Revenue up 47.8 % at Rs.3,649.4 crore.
Net profit up 77.9 % at Rs.1,576.7 crore.
Ebitda up 78.1 % at Rs.2,154.3 crore.
Margin at 59 % versus 49 %.

🎯 HSIL (Q3, YoY) :
Revenue up 27 % at Rs.735.7 crore.
Net profit up 63.5 % at Rs.25.5 crore.
Ebitda up 47.8 % at Rs.107.3 crore.
Margin at 14.6 % versus 12.5 %.

🎯 Bank of India, Bank of Maharashtra and Oriental Bank of Commerce :
The Reserve Bank of India said that Bank of India, Bank of Maharashtra and Oriental Bank of Commerce were allowed to exit the prompt corrective action framework after meeting the regulatory norms.

🎯 Oriental Bank of Commerce :
Company received Rs.1,186 crore capital infusion from government of India. 

🎯 Suzlon Energy :
Company sold its balance stake in Prathmesh for Rs.57 crore to Ostro Energy.

🎯 MOIL :
Prices of ferro and chemical grade decreased by about 5 % on the existing prices prevailing since Jan. 1 and to continue the prevailing prices for the Silico Manganese Grade and Fines.

🎯 Sun TV Network :
Company to start transmission of its Bengali Channel from Feb. 3.

🎯 Mazagon Dock Shipbuilders :
India panel approved the construction of six submarines locally for Rs 40,000 crore. 

🎯 Skipper :
Company received observation letters from exchanges regarding the company’s demerger resulting in Skipper Pipes.

Edited by Sharp.

31st January, 2019 Morning Brief

A positive opening can be seen today in the market supported by global markets.

Asian markets are trading up backed by  US markets which surged on Wednesday after the Federal Reserve signaled to put further interest-rate increases on hold.

Again Nifty50 took a U turn above 10600 mark amid the volatility ahead of Derivative contracts' expiry today and a budget season tomorrow.

Major Results Today :

Bharti Airtel, Hero MotoCorp, UPL, Vedanta, PowerGrid 

🎯 News & Impact 🎯

Results Updates :

🎯 ICICI Bank (Q3, YoY) :
Net interest income up 20.5 % at Rs. 6,875.2 crore.
Net profit down 2.75 % at Rs.1,604.9 crore.
Provisions at Rs.4,244.2 crore Vs Rs. 3,569.2 crore.
GNPA at 7.75 % versus 8.54 % (QoQ). NNPA at 2.58 % versus 3.65 % (QoQ).

🎯 NTPC (Q3 Standalone, YoY) :
Revenue up 16.1 % at Rs.2,4120.4 crore.
Net profit up 1 % at Rs.2,385.4 crore.
Ebitda up 24.7 % at Rs.6,579.9 crore.
Margin at 27.3 % versus 25.4 %.
Board recommends bonus issue in the ratio of 1:5.

🎯 BEL (Q3 Standalone, YoY) :
Revenue up 8.4 % at Rs.2.716.5 crore.
Net profit up 67.6 % at Rs.507.6 crore.
Ebitda up 72.5 % at Rs.768.1 crore.
Margin at 28.3 % Vs 17.8 %.
Positive for the stock. 👍

🎯 Torrent Pharma (Q3) :
Revenue up 40 % at Rs.2,051 crore.
Net profit up 4.2 times at Rs.246 crore.
Ebitda up 56 % at Rs.561 crore.
Margin at 27.3 % versus 24.5 %.
Positive for the stock. 👍

🎯 LIC Housing Finance (Q3, YoY) :
Net interest income up 42 % at Rs.1,084.3 crore.
Net profit up 25.5 % at Rs.596.3 crore.
Positive for the stock. 👍

🎯 Castrol (Q4CY18, YoY) :
Revenue up 6.5 % at Rs 1,033.4 crore.
Net profit up 40.9 % at Rs 211.9 crore.

🎯 Ashoka Buildcon Q3 :
Profit rises 32.3 % to Rs.62.2 crore Vs Rs.47 crore;
Revenue jumps 61.6 % to Rs.1,065 crore Vs Rs 658.9 crore YoY.

🎯 Cholamabdam Investment & Finance Q3:
Profit rises to 304.4 crore versus Rs.219.4 crore;
Revenue increases to Rs.1,830.7 crore versus Rs.1,389.4 crore YoY;
Gross NPA lower at 2.7 % versus 2.8 % and net NPA down at 1.5 % against 1.6 % QoQ.

🎯 AAVAS Financiers Q3 :
Profit jumps to Rs.56.3 crore Vs Rs.25.9 crore;
Revenue rises to Rs.194.8 crore Vs Rs. 125.66 crore YoY.
Positive for the stock. 👍

Key Data to be released today :

🎯 4:30pm: India fiscal deficit for April-December period.

🎯 5:30pm: India revised annual GDP estimate for FY18 YoY (prior 7.2 %).

🎯 Bharti Airtel :
Qatar Investment Authority to infuse $200 million in Bharti Airtel’s Africa unit. The investment authority will own less than 4 % stake in African unit.

🎯 Dredging Corporation of India :
Company lost appeal against Mercator by England Court, where the tribunal had passed an order to pay Rs 56.3 crore to Mercator.

🎯 Zydus Wellness :
Company completed 100 % acquisition of stake in Heinz India for Rs.4,667.4 crore.

🎯 Tata Metals :
Company received environmental clearance from Forest Ministry to increase hot metal production.

🎯 Container Corporation of India :
Company signed a memorandum of understanding with Russia based JSC Logistics for exploring logistics opportunities in Russia, India and international corridors.

Edited by Sharp.

30th January, 2019 Morning Brief

Market may continue yesterday's rally on the upward side with a positive opening.

U.S. equities closed mix as investors weighed the latest corporate earnings and ahead of Fed conference scheduled on Wednesday.

Nifty has taken support at 10600 level zone and made a bullish comeback by plotting a hammer pattern on the daily chart which shows the bullishness in that particular session. Tomorrow's January month derivative contracts' expiry and a budget session can keep market volatile. 10600 can be considered a strong support on a closing basis for Nifty50 in it's next journey.

🎯 News & Impact 🎯

Major Results Today :

Bajaj Auto, ICICI Bank, IOC, NTPC

Results Updates :

🎯 Axis Bank (Q3, YoY) :
Net interest income up 18.4 % at Rs. 5,602.9 crore.
Net profit up 2.3 times at Rs.1,680.9 crore.
Provisions at Rs.3,054.5 crore versus Rs. 2,927.4 crore.
GNPA at 5.75 % versus 5.96 % (QoQ).
Positive for the stock. 👍

🎯 Bajaj Finserv (Q3, YoY) :
Revenue up 39.2 % at Rs.11,141.6 crore.
Net profit up 16.4 % at Rs.850.5 crore.
Positive for the stock. 👍

🎯 HCL Technologies (Q3, QoQ)
Dollar revenue up 4.9 % at $2.20 billion.
Constant currency growth at 5.6 %.
Revenue up 5.6 % at Rs.15,699 crore.
Net profit up 2.8 % at Rs. 2,605 crore.

🎯 Tata Steel BSL (Q3, YoY) :
Revenue up 11 % to Rs.4,889 crore.
Ebitda up 65 % to Rs.1,008 crore.
Margin at 20.6 % versus 13.8 %.
Net loss at Rs.240 crore Vs Rs. 1,607 crore.
Positive for the stock. 👍

🎯 Bank of Baroda (Q3, YoY) :
Net Interest Income up 7.9 % at Rs. 4,743.2 crore.
Net profit up 4.2 times at Rs.471.3 crore.
Provisions at Rs. 3416 crore versus Rs. 3,155.3 crore.
GNPA at 11.01 % versus 11.78 %. (QoQ). NNPA at 4.26 % versus 4.86 %. (QoQ)
Positive for the stock. 👍

🎯 Bharat Financial Inclusion (Q3, YoY) :
Net interest income up 9.8 % at Rs.609.8 crore.
Net profit up 23.8 % at Rs.288.4 crore.
AUM at Rs.16,561 crore.
Loan disbursements up 45 % at Rs.6,822 crore.
Positive for the stock. 👍

🎯 Granules (Q3, YoY) :
Revenue up 53.8 % at Rs.631.8 crore.
Net profit up 72.3 % at Rs.60.3 crore.
Positive for the stock. 👍

🎯 Mahanagar Gas (Q3, YoY) :
Revenue up 29.1 % at Rs. 824.3 crore.
Net profit up 19.6 % at Rs.148.3 crore.
Ebitda up 10.3 % at Rs.239.1 crore.
Margins at 29 % versus 34 %.
Cost of natural gas up 42 % at Rs.383.6 crore.

🎯 L&T Technology :
L&T proposed to sell up to 30 lakh shares or 2.89 percent of its equity stake in L&T Technology Services, with an option of oversubscribing another 2.49 percent through stock exchange mechanism.

🎯 Asian Paints :
Company said that the commercial production of its Andhra Pradesh paint factory started from Jan. 29. The initial capacity of this facility is three lakh KL per annum.

🎯 HG Infra Engineering : 
Company received financial closure from NHAI for HAM project in Gurgaon worth Rs.606 crore.

🎯 DCM Shriram :
Company to invest Rs.1,070 crore in Bharuch plant.

🎯 Persistent Systems : 
Saif India IV FII Holdings sold 11.5 lakh shares or 1.44 percent equity at Rs 580 per share.

Edited by Sharp.

29th January, 2019 Morning Brief

Market will start on a negative note in continuation of yesterday's downfall.

US stocks tumbled on Monday after warnings from Caterpillar Inc and Nvidia Corp added to concerns about a slowing Chinese economy and tariffs taking a bite out of US corporate profits.

Nifty50 has broken short-medium trendline as it has given closing below 10690 so next support for Nifty50 would be at the zone between 10600 & 10630 levels amid the volatility because of January month derivative contracts' expiry and succeeding day of interim budget. Investors are worried about a populist budget and which might be an another reason of sell-off in equities.

🎯 News & Impact 🎯

Major Results Today :

Axis Bank, Bajaj Finance, Bajaj Finserv, HCL Tech, HDFC

Results Updates :

🎯 Bank of India (Q3, YoY) :
Net Interest Income up 33.2 % at Rs. 3,332.2 crore.
Net loss at Rs.4,737.6 crore versus net loss of Rs. 2,341.2 crore.
Provisions at Rs.9,179 crore versus Rs. 2,828 crore (QoQ).
GNPA at 16.31 % versus 16.36 % (QoQ).
Positive for the stock. 👍

🎯 Praj Industries (Q3, YoY) :
Revenue up 33 % at Rs.330.3 crore.
Net profit up three times at Rs. 22.4 crore.
Ebitda up 42.5 % at Rs.23.8 crore.
Margin at 7.2 % versus 6.7 %.
Positive for the stock. 👍

🎯 Tata Power :
Consolidated profit falls 78 % to Rs.126.7 crore versus Rs.591 crore;
Revenue rises to 21.2 % to Rs.7,706 crore versus Rs.6,360.2 crore YoY.

🎯 Aurionpro Solutions :
Implements smart solutions in Noida Metro Project by automation of fare collection. This installation has been done between a consortium between SBI, SC Soft and the company itself.

🎯 KNR Constructions : 
To sell its entire shareholding its JV with Cube Highways and Infra to the latter for Rs.73.6 crore in a phased manner.

🎯 Power Grid :
Company Arm commissioned 765 Kv transmission line in Tamil Nadu on Jan. 26.

🎯 Astron Paper & Board Mill : 
Arm’s plant to remain shut from Jan. 30 to Feb. 6 for maintenance work.

🎯 Zee Entertainment Enterprises : 
DVI Fund Mauritius acquired 89.7 lakh shares or 0.93 % equity at Rs.343.05 each.

🎯 Newgen Software :
Company has executed an agreement to purchase office premises in Noida, Uttar Pradesh, total admeasuring 4,067 square meters at Rs.49 crore.

🎯 Hubtown :
Board decided to divest its entire shareholding in one of its subsidiary Heet Builders Private Limited (Heet), comprising of 4,720 equity shares of the face value of Rs 100 per share to purchasers.

🎯 Sharon Bio :
API plant in Taloja, Maharshtra is directed for closure of operations under water and air (Prevention & Control of Pollution) Acts.

Edited by Sharp.

28th January, 2019 Morning Brief

Market may open on a positive but with a cautious note after heavy selling witnessed in the last session.

U.S. stocks rose as corporate earnings on the Friday. Asian markets trading mixed today morning.

Nifty50 has breached the short term up- trend as it has given closing below 10820 but it has hopes to take the support at medium term up- trend level which falls somewhere around 10690-10710. It's value will raise gradually with the day's on x axis.

🎯 News & Impact 🎯

Results Updates :

🎯 L&T (Q3, YoY) :
Revenue up 24 % at Rs.35,709 crore.
Net profit up 37 % at Rs.2,042 crore.
Ebitda up 27 % at Rs.3,997 crore.

🎯 Mahindra & Mahindra Financial Services (Q3, YoY) :
Net Interest Income up 20.1 % at Rs.1,204 crore.
Net profit down 19.6 % at Rs.318.7 crore.
GNPA at 7.7 % versus 9 % (QoQ).
Positive for the stock. 👍

🎯 Saregama (Q3, YoY) :
Revenue up 60.7 % at Rs 150.6 crore.
Net profit up 9.5 times at Rs.12.3 crore.
Ebitda up 4.2 times at Rs.19.3 crore.
Positive for the stock. 👍

🎯 V2 Retail (Q3, YoY) :
Revenue up 58.2 % at Rs.241.1 crore.
Net profit up 72.3 % at Rs.23.6 crore.
Ebitda up 34.2 percent at Rs.30.6 crore.
Positive for the stock. 👍

🎯 Lupin :
The U.S. FDA completed inspection of Lupin’s Pithampur with six observations. The company said it was confident of addressing the observations satisfactorily.

🎯 Zee Entertainment :
Subhash Chandra's Open Letter: "At Essel Infra, we have made some incorrect bid and bled Rs 4,000–5,000 crore. Decision to buy D2H has cost me & my brother Jawahar a fortune. Situation became further unmanageable after the IL&FS issue came to public light. I have given my best to expedite the stake sale of Zee Entertainment."

🎯 Emami :
Company entered into an agreement for acquisition of ‘Crème 21’ for around 100 crores.

🎯 SpiceJet :
Company received nod for turbo aviation seaplane proposals. 

🎯 Entertainment Network :
Company's U.S arm to start operations commercially from Jan. 26 in New York and New Jersey. 

🎯 McNally Bharat Engineering :
Company received construction order worth Rs.72.6 crores from ESR Warehousing.

🎯 NBCC :
Company received order worth Rs.228 crore for redevelopment of WHO building in New Delhi.

🎯 Soril Infra :
Company acquired Littleman Fiscal Services Private Limited, a non-banking finance company registered with RBI, to foray into financial services business with the primary focus on financing in rural markets.

🎯 Bharat Road Network :
95,20,000 equity shares of the company (constituting 11.34 % shareholding) are acquired by SREI Infrastructure Finance pursuant to pledge invocation.

🎯 Ducon Infratech :
Company will expand its IT business segment into mobile App market.

Edited by Sharp.

25th January, 2019 Morning Brief

Market will open on a positive note with a gap as Stocks in Asia edged higher after a week that’s seen the equity rally stall amid conflicting signals on the U.S.-China trade talks front.

US markets ended mixed but on a flat note yesterday.

Nifty50 has took support at the bottom of the ascending trendline at 10800 level and closed at 10850. Now for further journey, this will be considered as a major support for the index. Now crossing the 11000 mark and sustain above will be the herculean task for the Nifty50 to achieve it's near term upward target of 11138 & 11400. Till that we can't consider the consolidation to be ruled out.

🎯 News & Impact 🎯

Major Results Today :

L&T, Maruti.

Results Updates :

🎯 Biocon (Q3, YoY) :
Revenue up 45.6 percent at Rs 1,540.8 crore.
Net profit up 2.4 times at Rs 217.2 crore.
Margin at 24.7 % versus 21 %.
Positive for the stock. 👍

🎯 Pfizer (Q3, YoY) :
Revenue up 12.6 % at Rs.513.8 crore.
Net profit up 51.3 % at Rs.131.9 crore.
Margin at 30.1 % versus 25.8 %.
Positive for the stock. 👍

🎯 PNB Housing Finance (Q3, YoY) :
Net interest income up 36.1 % at Rs.667.4 crore.
Net profit up 32 % at Rs.303 crore.

🎯 Quess Corp (Q3, YoY) :
Revenue up 37.1 % at Rs.2,172.2 crore.
Net profit up 4.4 % at Rs 64 crore.

🎯

🎯 UPL :
Company said that with respect to its 100 % acquisition of the U.S.-based Arysta LifeScience, both parties obtained all regulatory approvals to complete the transaction, which is expected to close by Jan. 31.

🎯 Laxmi Machine Works :
Company launched nine varieties of machining centers and three types of lathes machines for use in heavy duty tools industry and auto industry.

🎯 Future Retail :
Promoter Future Corporate Resources acquired 5.2 lakh shares on Jan. 22.
Positive for the stock. 👍

Edited by Sharp.

24th January, 2019 Morning Brief

Market may open on a flat note today after a fall on yesterday.

Stocks closed higher Wednesday after whipsawing investors through the day amid the ongoing debate over the outlook for global growth.

Nifty50 has broken the ascending trendline yesterday by giving closing at 10831 after considering support of 10800 - 10820 zone.

🎯 News & Impact 🎯

Major Results Today :
Yesbank, Ultrateck Cement

Results Updates :

🎯 InterGlobe Aviation (Q3, YoY) :
Revenue up 28 % to Rs.7,916 crore.
Net Profit down 75 % to Rs.191 crore.

🎯 Bharti Infratel (Q3, QoQ) :
Revenue down 0.2 % at Rs.3,640 crore.
Net profit up 8 % at Rs.648 crore.

🎯 Pidilite Industries (Q3, YoY) :
Revenue up 19.8 % at Rs.1,848.3 crore.
Net profit down 8.5 % at Rs.219.5 crore.

🎯 United Spirits (Q3, YoY) :
Revenue up 10.5 % at Rs.2,501.2 crore.
Net profit up 42.8 % at Rs.192.4 crore.

🎯 Ujjivan Financial Services (Q3, YoY) :
Total interest income up 33.4 % at Rs.512.6 crore.Net interest income up 30.2 % at Rs.252 crore.

🎯 Maruti :
Company will shift entirely to a rupee-denominated royalty pay system by 2022.
Positive for the stock. 👍

🎯 IDBI Bank :
Moody’s upgraded IDBI Bank’s ratings across various instruments in view of significant capital infusion by LIC from BA2 to B1.
Positive for the stock.

🎯 Infosys :
Infosys partnered with HPE GreenLake for consumption- based IT models for smart infra investments.

🎯 Bharat Financial Inclusion :
Company completed its sixth direct assignment worth Rs.832.3 crore to a public sector bank in financial year 2019.

🎯 MEP Infra :
Company arm entered into a concession contract with NHAI for HAM project in Maharashtra for Rs 567.8 crore. The appointed date for the project stands at Jan. 21.

🎯 Dena Bank :
Company clarified on the news that it is selling prime properties worth Rs.540 crore and the bank initiated the process of the sale of these non-core assets.

🎯 Apollo Microsytems :
Company bags supplied order of Rs.13 crore from Bharat Dynamics.

🎯 ConCor :
5 Feb as a record date for bonus share.

Edited by Sharp.

23rd January, 2019 Morning Brief

Market may open on a flat note after a negative closing on yesterday.

Rising pessimism that trade tensions with China will persist helped send technology and multinational companies tumbling in US. Market collapsed.

Nifty50 has given a negative closing but took a support over 10850 and closed above 10900 mark. Again it didn't come out of consolidation as it didn't breach 10820 or 11000 either side on a broader view.

🎯 News & Impact 🎯

Major Results Today :

ITC, INFRATEL

Major Results Updates :

🎯 ICICI Pru Life Insurance (Q3, YoY)
Net premium income up 27 % at Rs 7,483 crore.
Net profit down 34 % at Rs.296.8 crore.
AUM up 8.44 % at Rs.1.49 lakh crore.
New business premium up 18.6 % at Rs. 910 crore.

🎯 HDFC Standard Life Insurance (Q3, YoY)
Net Premium Income up 27 % at Rs. 6,897.7 crore.
Net profit up 18.5 % at Rs. 245.6 crore.
AUM up 13 % at Rs.1.17 lakh crore.
New business premium up 41 % at Rs. 9,940 crore.

🎯 Reliance :
Reliance Industries received Competition Commission of India’s nod for acquisition of stake in Den Networks and Hathway.

🎯 Infosys :
Company's arm EdgeVerve Systems launched an automation tool for enterprises.

🎯 Cyient :
Company said it was increasing its stake in its arm ‘Cyient DLM’ from 74 to 100 for a consideration of Rs. 42.5 crore.

🎯 VA Tech Wabag :
Company secured desalinisation order worth Rs.467 crore from Mangalore Refinery and Petrochem towards construction of a 30 MLD Sea Water Desalination plant expandable up to 70 MLD in Karnataka.

🎯 IL&FS Engineering :
Jharkhand Bijli Vitran Nigam cancelled contract with IL&FS Engineering & Construction Company over electrification works projects citing slow progress and failure of the project in Jharkhand.
Negative for the stock.

🎯 IRB Infra :
Developers arm’s HAM project received appointed date from NHAI for Vadodara-Mumbai Expressway, with cash outlay of Rs.2043 crore.

🎯 Walchandnagar Industries :
Company entered into an agreement with ISRO to manufacture component for the Polar Satellite Launch Vehicle Program for Rs 96 crore ( with an escalation clause) for the next three years.

🎯 Vivimed Labs :
Price band revised to 10 %.

Edited by Sharp.

22nd January, 2019 Morning Brief

Market will open on a negative flat note followed by weakness in Asian markets.
US markets were closed yesterday on the day of Martin Luther King.

Nifty has plotted a bullish candle. Again we have witnessed selling pressure on higher level and so consolidation. Nifty50 has to surpass and close decisively above 10980 - 11000 mark for further rally. On the flip side, it should hold 10820 level on the closing basis.

🎯 News & Impact 🎯

Major Results Today :
Asian Paints

Results Updates :

🎯 HDFC AMC (Q3,YoY) :
Revenue up 2 % at Rs.477.1 crore.
Net profit up 24.7 % at Rs 243.3 crore.
EBIT up 21.3 % at Rs 312.5 crore.
Margin at 65.5 % versus 55.1 %
Total AUM up 12 % at Rs.3,29,100 crore (QoQ).

🎯 L&T Finance Holdings (Q3 Consolidated, YoY) :
Net interest income up 55.1 % at Rs.503.4 crore.
Net profit up 80.8 % at Rs.579.9 crore.

🎯 Just Dial :
Revenue up 15.2 % at Rs.226.8 crore.
Net profit up 2 times at Rs.57.3 crore.
Ebitda up 18.7 % at Rs.55.2 crore.
Margin at 24.3 % versus 23.6 %.

🎯 Canara Bank :
Company said that it started inviting bids to offload its equity stake in NSDL, NSDL e-Governance Infra and Small Industries Development Bank of India.

🎯 UFO Moviez :
National Company Law Tribunal dismissed amalgamation scheme of the company with Qube Cinemas and other three entities.

🎯 Satin Credit Network :
Company promoter Trishashna Holdings acquired 1.91 lakh shares between Jan. 11-18.

🎯 Aster DM Healthcare :
Company promoter Dr. Azad Moopen acquired 60,000 shares between Jan. 17-18.

🎯 IDBI Bank :
Bank approved in-principle, proposal to reinitiate divestment process of IDBI stake in IDBI Federal Life Insurance.

🎯 IL&FS Transportation Networks :
The interest due and payable on January 21 on the NCD was not paid to the debenture holders due to insufficient funds.

Edited by Sharp.

21st January, 2019 Morning Brief

A flat positive opening expected today after a strong gain in US markets and positivity in Asian indices.

The Nifty50 recouped losses and closed above its crucial resistance level of 10,900 on January 18, attracting buying at lower levels for the second day in a row which is a positive sign for the bulls. Buying at lower levels suggest the bulls are here to stay but a closing below 10800 can be a cautious signal for the bulls.

🎯 News & Impact 🎯

Major Result Today :

Kotak Bank

Results Updates :

🎯 HDFC Bank (Q3, YoY)
Net interest income up 21.9 % to Rs. 1,2576 crore.
Net profit up 20.3 % to Rs.5,585.9 crore.
Core net interest margin seen at 4.3 %.
GNPA at 1.38 % versus 1.33 % (QoQ).
Net NPA at 0.42 % versus 0.40 % (QoQ).
Positive for the stock. 👍

🎯 Wipro (Q3, QoQ)
Dollar revenue up 1.8 % at $2046.5 million.
Revenue up 3.4 % at Rs.15,059 crore.
Net Profit up 34.9 % at Rs.2,544 crore.
EBIT up 43 % at Rs.2,775.7.
Margin at 18.4 % versus 13.3 %.
The company also announce bonus shares of one share for three shares held in the company.

🎯 SBI Life Insurance (Q3, YoY)
Net Premium Income up 35 % at Rs ,9141.3 crore.Net Profit up 15 percent at Rs 264 crore.
Positive for the stock. 👍

🎯 ICICI Lombard General Insurance (Q3, YoY)
Gross Direct Premium Income up 25.9 % at Rs 3,699 crore.
Net Profit up 3.2 % at Rs.239 crore.
Positive for the stock. 👍

🎯 JSW Steel :
JSW Steel and the U.S.-based diversified Harsco Corporation entered into a 10-year agreement to provide a range of mill services. 

🎯 Wockhardt :
Company receives USFDA approval for Leukemia drug.
Positive for the stock. 👍

🎯 L&T :
Break on. Buyback by SEBI due to likely adverse debt-equity ratio.

🎯 Welspun Enterprises :
Company said that it has achieved financial closure for a four-lane road project in Maharashtra for bid cost of Rs 1,048 crore. The company said that NHAI has declared the appointed date for this project as Jan, 16.

🎯 MOIL :
Company signed a memorandum of understanding with the Gujarat Mineral Development to take up joint exploration of manganese bearing area and to conduct mining operations in Gujarat. 

🎯 ITI :
Company signed a purchase order contract with Gujarat Fibre Grid Network Ltd. (GFGNL), worth Rs 1,011.41 crore to be completed in one year, for implementing BharatNet Phase II project in Gujarat.

🎯 SBI :
Hitachi has accepted to acquire 26 percent equity in SBI Payment Services Private Limited.

🎯 PSP Projects :
Company has received new work orders worth Rs.572.17 crore from various clients for Industrial, residential and Institutional projects.

🎯 NTPC :
Company will consider a bonus issue on January 30, 2019.
Positive for the stock. 👍

🎯 Infibeam Avenues :
Company has divested its ownership with control in its Wholly Owned Subsidiary i.e. Infinium (India).

Edited by Sharp.

18th January, 2019 Morning Brief

A positive start can be expected today.

US markets hold the steam on the report that Trump administration is pushing for an easing of trade tensions with China.

Again we have witnessed another session of consolidation on Thursday. Nifty50 is failing to surpass 10950 but it has maintained upward trend also. This  shows a big move expected in coming weeks on either side.

🎯 News & Impact 🎯

Major Results Today :

Wipro.

Results Updates

🎯 Reliance :
Revenue up 4 % to Rs 1,00,096 crore.
Net profit up 0.8 % to Rs 8,928 crore.
Ebitda down 2.6 % to Rs.14,507 crore.
Ebitda margin at 14.5 % versus 15.5 %.
GRM down 7.4 % to $8.8 a bbl versus $9.5.
Reliance Jio (Q3, QoQ)
Revenue up 12 % to Rs 10,383 crore.
Net profit up 22 % to Rs.831 crore.
Ebitda up 13.4 % to Rs.4,052 crore.
Ebitda margin at 39 % versus 38.7 %.
ARPU down 1.5 % to Rs.130.

🎯 Hindustan Unilever (Q3, YoY) :
Revenue up 11.3 % at Rs.9,558 crore.
Net profit up 8.9 % at Rs.1,444 crore.
Ebitda up 21.8 % at Rs.2,046 crore.
Margin at 21.4 % versus 19.6 %.
Volume growth at 10 %.

🎯 Aurobindo Pharma :
Company’s U.S. arm entered into an agreement to acquire seven marketed oncology injectable products, intellectual property and commercial infrastructure from Spectrum Pharma.

🎯 Sundram Fasteners :
Company said that its plant located at Mahindra World City’s SEZ unit in Tamil Nadu had started its commercial production from Jan. 16.

🎯 Maharashtra Scooters :
Bajaj Holdings & Investments received the Supreme Court’s nod to acquire 27 % stake in Maharashtra Scooters.
Positive for the stock. 👍

🎯 Rallis Industries :
Company board approved the merger of its wholly owned arm Metahelix Life Sciences with self.

🎯 IL&FS Transportation :
Company said that its tunnel contract in Jammu Kashmir was terminated by NHIDCL with effect from Jan. 15

🎯 Hindalco :
Company clarified that the company had stopped its mining operation at Durgamandi Mines since March 17 last year.
Negative for the stock.

🎯 Lupin :
US FDA begins inspection at company's Pithampur unit-2, which is currently under warning letter.

🎯 Suyog Telematics :
Company successfully able to obtain license from MMRDA, for installation of cellular equipment across all 17 Monorail stations of Mumbai.

🎯 Rushil Decor :
received notice from Gujarat Pollution Control Board (GPCB) to stop manufacturing process of one of the Laminate Sheet Manufacturing units.

🎯 GE Shipping :
Company has contracted to sell its 1994 built very large gas carrier Jag Vishnu in 1st half of 2019-20.

Edited by Sharp.

17th January, 2019 Morning Brief

Market will open on a positive note as Wall Street’s major indexes hit one-month highs on Wednesday as strong earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment.

We witnessed the spurt in the index once it crossed the breakout level of 10850 on Tuesday. 10770 & 10640 on flip side can be support levels on the daily chart. Inverted hammer look like Doji was plotted on the daily chart on Wednesday shows kind of exhaustion after the recent rally.

🎯 News & Impact 🎯

🎯 Major Results Today :
HUL, Reliance

🎯 Bank of Maharashtra :
RBI imposed penalty of Rs 1 crore on the bank due to deficiencies in regulatory compliances on fraud reporting and KYC norms.

🎯 Fortis Healthcare :
Company completes the acquisition of the entire portfolio of Indian assets of RHT Health Trust (RHT).

🎯 Williamson Magor & Company :
50 lakh equity shares of McNally Bharat Engineering Company Limited held by the company have been initiated for release from pledge on 11.01.2019. 43,00,000 equity shares of McNally Bharat Engineering Company Limited pledged by the company on 10.01.2019.

Edited by Sharp.

15th January, 2019 Morning Brief

Market will open positively today.

S stocks declined on Monday as an unexpected drop in China’s exports reignited worries of a global economic slowdown.

Nifty50 has plotted a bearish candle on the daily chart yesterday. It is in continuation of a pennant formation pattern since last few session. Broadly, it is showing 10830 & 10600 are the edges which may brace. Anyside breaching will add momentum.

🎯 News & Impact 🎯

🎯 Major Results Today :
Zee

🎯 Bharti Airtel :
Company said that it had paid its due to Aircel Group companies on Jan. 10, after the Supreme Court passed orders to the effect that bank guarantees worth Rs 453 crore shall stand cancelled.

🎯 Indiabulls Venture :
Company said it was selling its stock broking business on a slump sale basis to wholly owned arm. There is no agreement, yet. Net worth of broking business is about 15 percent to the total net worth of the company.

🎯 Mcdowell-n :
Company entered into an agreement for the sale of 100% equity Four Seasons Wines to Quintela Assets and Grover Zampa Vineyards for Rs.31.86 crore.

🎯 Tata Power :
Resurgent Power is a joint venture based out of Singapore and is held 26 percent by Tata Power through its wholly-owned Singapore based subsidiary. Now the balance 74 percent of Resurgent Power is held by ICICI Bank, Power Platform Limited and Kuwait Investment Authority.

🎯 Vakrangee :
Company launched 3,300+ NextGen Vakrangee Kendras across India.

🎯 Cipla :
Bio-Thera said that it had reached its licensing agreement with Cipla for bevacizumab biosimilar under which Cipla will have exclusive rights to distribute and market the cancer biosimilar drug in select emerging markets. 

🎯 Bajaj Finance :
The Reserve Bank of India imposed monetary penalty of Rs 1 crore on Bajaj Finance due to regulatory compliance issues.

Edited by Sharp.

14th January, 2019 Morning Brief

Market will open on a flat note today.

11th January, 2019 Morning Brief

A flat to positive start can be seen in the market today.

Wall Street extended its rally into a fifth straight day on Thursday in a session of whipsaw trading as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell.
Asian stocks inched higher to one-month highs on Friday, after Federal Reserve Chairman Jerome Powell reiterated the US central bank can be patient on raising interest rates further.

Nifty50 snapped it's 4 days' positive rally but hold 10800 mark. 10880 should be decisively breached to come out of this consolidation.

🎯 News & Impact 🎯

Major Results Today :

Infosys

Q3 Results Updates :

🎯 TCS :
Profit rises 2.6 % at Rs.8,105 crore versus Rs 7,901 crore; revenue increases 1.3 percent to Rs 37,338 crore versus Rs 36,854 crore; $ revenue rises to $5,250 million versus $5,215 million QoQ.

🎯 Reliance :
The company is planning to shut down one of the crude distillation units and coker unit of its DTA refinery at Jamnagar for routine maintenance and inspection activities for 4 weeks starting 16th Jan.

🎯 HFCL :
Company wins major optical fibre cable orders worth more than Rs 500 crore for BharatNet Phase -II Project from L&T and ITI led consortium.

🎯 Praj Industries :
Company expands bio-energy basket by adding compressed bio-gas (CBG) technology; also on track with execution of first batch of 2G bio refineries.

🎯 Welspun Enterprises :
subsidiary Welspun Road Infra executed concession agreement with Public Works Department, Government of Maharashtra.

🎯 NBCC :
Company has secured the total business of Rs.187.90 crore in December 2018.

🎯 Lemon Tree :
signed a license agreement for a 50 room resort property located at Dindi, Andhra Pradesh.

🎯 CONCOR :
Company has commenced coastal operations from January 10, 2019.

Edited by Sharp.

10th January, 2019 Morning Brief

A positive start can be seen today in the market backed by positive global cues.

Nifty50 formed a dragon-fly doji type candle on the daily chart. 100 points' recovery in last 90 mins showed the bullishness still left in the market. 10870 - 10900 will be the important zone to breach and sustain above in today's session to give decisive meaning to yesterday's recovery.
Nifty50 is trading in a ascending wedge and now the zone will be narrowed with 10870 on the upper trigger and 10750 on the down trigger. Any side breakthrough can give a blast in coming days. But rising US$ value and crude prices are the worries withstand.

🎯 News & Impact 🎯

Major Results Today : TCS

🎯 Adani Enterprises :
Government of Andhra Pradesh signs MoU with Adani Group to build Data Center Parks up to 5 GW capacities in and around Visakhapatnam over the next 20 years.

🎯 Dilip Buildcon :
Subsidiary DBL Anandapuram Anakapalli Highways Private Limited received the financial closure from the National Highways Authority of India for six laning highway in Andhra Pradesh.

🎯 AGC Networks :
Subsidiary completed the acquisition of Black Box Corporation, a leading digital solutions provider in the US.

🎯 Ashok Leyland :
Company bags orders for 2580 buses from state transports, buses to be delivered before March 2019.

🎯 HUDCO :
Company has achieved the level of loan sanctions of Rs.12,115.68 crore and loan releases of Rs.12,850.29 crore.

Edited by Sharp.

9th January 2019, Morning Brief

A gap up opening expected today backed by strong global cues.

Progress in NPA resolution and positive global cues amid trade talks between the US & China lifted market sentiment yesterday. Asian stocks followed a rally in the U.S. to open higher amid optimism on the potential for progress in trade talks between the U.S. and China. 

Yesterday, Nifty opened flat but traded into negativity but last couple of hours lifted it to settle above 10800 mark. Nifty should cross and sustain above 10900 which was an immediate upper trendline of a wedge to achieve it's higher target of 10100.

🎯 News & Impact 🎯

Major Results Today :

Indusind Bank

🎯 RBI officials set to meet NBFC representatives today - Positive on M&M Finance, L&T Finance. 

🎯 Transgene Bio :
United States of America granted patent on technology for oral delivery of insulin and insulin analogues.

🎯 Oriental Bank :
Bank sold 0.8425 percent equity stake in NSDL e-Governance Infrastructure out of 3.125 % equity stake.

🎯 Kridhan Infra :
Singapore Subsidiary Swee Hong wins order worth Rs.167 crore.

Edited by Sharp.

8th January, 2019 Morning Brief

A flat opening expected today after an erosion in early gains on profit booking seen in the last session.

Global markets are positive on that U.S. Federal Reserve would halt its tightening if economic growth slows further.

Nifty50 has plotted a spinning top candle on the daily chart as it corrected from highest point to end near low. 10700 will be the trendline support to watch to maintain the upper trend for the Nifty50.

🎯 News & Impact 🎯

🎯 HFCL :
Board approved the proposal of enhancing the additional manufacturing capacity of optical fibre cable (OFC) at Hyderabad from 7 million Fibre Kilometer (FKM) to 10.5 million FKM where the company is already setting up optical fibre (OF) and OFC manufacturing facilities.

🎯 VST Tillers :
The Malur unit will be closed on January 8 and 9 due to the impact of strike and power shut down by BESCOM.

🎯 TCS :
Central Bank of Kuwait modernised its technology platform with TCS BaNCS.

🎯 Endurance Technologies :
Subsidiary Endurance Overseas Srl., Italy and the special purpose vehicle for strategic overseas investments, acquired entire equity stake in Fonpresmetal Gap SpA (Fonpresmetal), an aluminum die casting company in Italy.

🎯 Prabhat Dairy :
Company entered into animal nutrition business.

🎯 Insecticides India :
Government of India, The Patent Office has granted the patent for an Insecticidal Combination of 'Diafenthiuron and Acetamiprid in Wettable Power Form' for 20 years.

🎯 Sadbhav Infra :
Toll revenue received from 10 operational SPVs (apart from NSEL which is an annuity project) have increased by approximately 6.2 % to Rs.275.76 crore in Q3FY19 from Rs.259.78 crore in Q3FY18.

Edited by Sharp.

7th January, 2019 Morning Brief

Market will open with a gap up followed by strong global indices.

Stocks across Asia kicked off the week with strong gains after soothing Federal Reserve comments and an easing of monetary policy in China triggered a renewed appetite for risk assets.

Nifty50 has plotted a hammer type candle on the daily chart yesterday which can be considered as a trend reversal pattern. It is important to see whether Nifty50 can maintain it's upward channel edged at 10700 on the lower side. Similarly it should breach the resistance zone of 10950-11000.

🎯 News & Impact 🎯

🎯 Bandhan Bank , Gruh Finance :
Bandhan bank and HDFC-led Gruh set to merge.

🎯 Reliance :
Company received a nod from the Reserve Bank of India for the merger of U.S. arm-Reliance Holding USA Inc with wholly owned arm Reliance Energy Generation and Distribution Ltd. 

🎯 NHPC :
Company said that its 390 MW Power Station in Jammu and Kashmir is under complete shutdown from Jan. 01-12 for replacement work. The company also stated the above shutdown will cause tentative loss of 21.4 MU and 0.55 percent in PAF.

🎯 Future Lifestyles Fashions :
Company increased its foreign portfolio investment limit in the company from 24% to 49%. 

🎯 BHEL :
Company has commissioned a 800 MW thermal plant in Telangana.

🎯 Kirloskar Electric will sell 1.065 acre of land situated at  Bangalore to Brigade Enterprises for Rs.55 crore.

🎯 Sagar Cements :
December cement sales rose 28.3 % year-on-year to 326,272 MT.

🎯 ONGC :
ONGC Videsh Ltd., the overseas arm of ONGC, reported a significant discovery of oil in its offshore block in Columbia. 

🎯 Punjab & Sind Bank :
Government amalgamates three regional rural banks - Punjab Gramin Bank, Malwa Gramin Bank And Sutlej Gramin Bank.

🎯 Simplex Infra :
Shareholding of promoters increased to 49.83 % from 49.29 %.

🎯 Ceinsys Tech :
Company has received letter of award/intent of Rs.102.69 crore.

Edited by Sharp.

4th January, 2019 Morning Brief

Market may open on a flat positive note after yesterday's fall on global concern.

U.S. stocks sank after a factory gauge dropped the most in a decade and Apple cut its sales outlook, adding to concern that global growth is slowing. Global markets were on edge on Friday as dire US economic data slammed Wall Street and pushed investors to bet the Federal Reserve could reverse its policy tightening before the end of this year.
Japan's Nikkei spiralled about 3.6 percent lower, led by a spike in the yen. Australian shares skidded over 1 %.

Nifty50 made another bearish candle on the daily chart. Now, Nifty has a trendline support at around 10500-10530 level zone as it has breached the ascending channel pattern.

🎯 News & Impact 🎯

🎯 PowerGrid :

Company's board approved investment of Rs 267.33 crore for 500 MW Thyristor Controlled Reactor in Haryana and Rs 112.12 crore for communication scheme under the Central sector for Western Region.

🎯NHPC :

Company said that shutdown of its Himachal Pradesh Power Station will cause a tentative loss of 35.1 MU in production of electricity 6.5 percent in PAF. The tentative financial loss based on the final tariff determination by Central Electricity Regulatory Commission will be around Rs 30.14 crore, the company stated.

🎯 Sun Pharma :

Company's arm completed the acquisition of 100 percent stake in Japan based Pola Pharma.

🎯 Vascon Engineers :

Company concluded sale of land in Gurgaon and Pune for Rs 50 crore.

🎯 Torrent Power :

The company won power distribution order in Thane for 20 years. 

🎯 Future Enterprises :

Company raises Rs.750 cr via NCDs.

Edited by Sharp. 

3rd January 2018, Morning Brief

Market will open on a positive note.

US markets recovered even after Apple Inc. added to global growth concerns by cutting its guidance.

Yesterday Nifty opened on a positive note but failed to cross 10900 mark and slid to  10735 and settled at 10792. The Indian rupee on January 2 crashed by 72 paise, its first loss in last four sessions, to close at 70.1750 against the US dollar

Nifty has to surpass 10950-10960 zone to regain the bullishness otherwise breach of 10700 level can be considered as another bear faze for a shorter note.

🎯 News & Impact 🎯

🎯 BoB /Dena /Vijaya Bank :
Dena Bank shareholders to get 110 Bank Of Baroda shares for 1000 held.
Vijaya Bank shareholders to get 402 Bank Of Baroda shares for 1,000 held.

🎯 HDFC :
Company to consider issuance of NCDs worth Rs 45,000 crore on January 29.

🎯 Equitas :
Equitas Small Finance Bank hikes interest rates up to 7.5% on savings

🎯 Tata Power :
BEST to extend 677 MW Power Purchase Agreement with tata power for the next five years.
Positive for the stock. 👍

🎯 Reliance :
Jio added 1.05 crore Subscribers Vs 1.3 crore (MoM).

🎯 Bharti Airtel :
Lost 18.6 Lakh Subscribers Vs Loss Of 23.6 Lakh (MoM).

🎯 Syndicate Bank :
Syndicate Bank and SBI Life Insurance sign a bancassurance pact.

🎯 Ashok Leyland :
Company increases stake in Ashley Aviation.

🎯 Vikram Solar :
Company bags 140 MW solar project from NTPC.

Edited by Sharp.

2nd January, 2019

A gap down opening expected today after witnessing a u turn in the last hour yesterday.

After opening higher the index immediately slipped into the red and continued to trade in a narrow range, but gained strength in the last hour to climb above 10,900 levels. It formed 'Hammer' kind of pattern on the daily charts.
Nifty could not able to sustain above 10950 level zone and hence it can be considered as a resistance zone for instance.

🎯 News & Impact 🎯

December sales :
🎯 Tata Motors :
Total sales down 8 % to 50,440 units versus 54,627 units YoY.

🎯 Eicher Motors :
Motorcycle sales down 13 percent at 58,278 units versus 66,968 units YoY.

🎯 VST Tillers :
Power tillers sales at 1,353 units versus 3,004 units and tractors sales at 602 units versus 611 units YoY.

🎯 Coal India :
December coal production at 54.13 million tons versus 54.63 million tons.

🎯 Weizmann Forex :
Promoters intended to sell their entire stake of 74.84 percent stake in the company.
Negative for the stock.

🎯 Powergrid :
Subsidiary POWERGRID Jabalpur Transmission Limited successfully commissioned the project viz. transmission system strengthening associated with Vindhyachal-V which comprises establishment of Vindhyachal Pooling Station - Jabalpur Pooling Station 765kV Double Circuit Transmission line on build, own, operate and maintain (BOOM) basis.

🎯 MOIL :
Price of Ferro Grade have been decreased by about 10% on the existing prices.
On select grades of non-moving low grade manganese ore, discount of 10% has been offered.

🎯 Glenmark :
Transfer of the company's API business to Glenmark Life Sciences Limited, a wholly owned subsidiary of the company, has been completed.

🎯 Chambal Fertilizers & Chemicals :
Company has declared the commencement of commercial production from Gadepan-III plant.

Edited by Sharp.