1st March, 2019 Morning Brief

Market will open on a flat note today.

Asian markets are trading up.

US markets ended lower as they concerned about earnings and US-China trade relations.

Weak global cues weighed on the market sentiment, but hope of unlikely escalation of geopolitical tensions between India and Pakistan limited downside. Nifty50 formed a bearish candle which resembles a 'Bearish Belt Hold' kind of pattern on the daily charts. Nifty50 can be braced broadly between 11100 and 10600. Any side breakthrough can give a decisive movement thereon.

India's eight core industries -- coal, steel, natural gas, cement, crude oil, fertilisers, refinery products and electricity -- grew at 1.8 percent in January versus 2.6 percent month-on-month (MoM).

🎯 News & Impact 🎯

🎯 Bharti Airtel :
Board approved raising Rs.32,000—Rs.25,000 crore via a rights issue and rest through perpetual bonds—with the rights issue price set at Rs.220 per share.

🎯 Jet Airways :
Founder Naresh Goyal agreed to step down as chairman. 
Positive for the stock. 👍

🎯 Vodafone Idea :
Cabinet approved FDI proposal of up to Rs 25,000 crore.
Positive for the stock. 👍

🎯 Sugar Sector :
Government approved Rs 10,540 crore soft loan to help sugar mills clear cane arrears.
Positive for sugar stocks.

🎯 Orissa Minerals Development Company :
Company said it will pay Rs.400 crore as a penalty to Odisha Government.
Negative for the stock.

🎯 HDFC Bank :
The bank acquired 9.1 % stake in CSC E-Governance Services for Rs.14.62 crore.

🎯 Motherson Sumi :
Company arm signed agreement with the U.K.-based Bombardier Transportation to acquire the latter’s assets in connection with production and installation of electrical components and systems for applications in the rail industry.

🎯 Vedanta :
Company's Zinc mine in South Africa officially opened. The project was given a go-ahead in 2014 and Gamsberg Reserve, South Africa Mine has reserve of 214 MT and estimated life of 30+ years.

🎯 Hathway Cable :
RIL group entities, promoters, acquired 20.61 % stake from public in open offer.
Positive for the stock. 👍

🎯 Zydus Wellness :
Promoter pledged 6.3 % stake with Kotak Mahindra Investment.
Negative for the stock.

🎯 Emami :
Promoters pare share pledge to 40 % from 47.5 %. 
Positive for the stock. 👍

Edited by Sharp.

28th February, 2019 Morning Brief

Market will open on a positive note today after a roller coster movement yesterday.

Stocks drifted lower after the top U.S. trade negotiator dialled back expectations for a sweeping deal with China and investors fixated on a Congressional hearing about President Donald Trump’s political controversies.

Geopolitical tensions between India and Pakistan spooked Dalal Street yesterday as benchmark indices gave up early gains and fell over 200 points in afternoon trade on widespread selling. The Nifty50 erased 133 points from day's high to close marginally lower amid volatility ahead of expiry of February derivative contracts falls on today. Again 10900 will be the challenge to overcome before stretching to 11140 mark which can be considered as another resistance on the upper side above 11k mark.
Oil slipped on record US crude output which can be taken positively. India Q4 GDP data and India fiscal deficit data for January to be announced today.

🎯 News & Impact 🎯

🎯 Tata Metaliks :
Company to increase DI pipe capacity by 2 LTPA (lakh tonne per annum) and hot metal capacity by 0.7 LTPA. 

🎯 Wipro :
Company signed an agreement to sell its ‘Workday and Cornerstone On Demand Business’ to alight for $110 million.

🎯 Varroc Engineering :
Company's Moroccan arm commenced commercial operations from Feb. 26. The plant has been set up to manufacture and supply automotive lighting parts.

🎯 Jet Airways :
Company said seven more aircraft had been grounded due to non-payment to lessors.
Impact negative.

🎯 SCI :
Company has given physical delivery of its 1 container vessel "M V Lal Bahadur Shashtri to its buyer.

🎯 HAL :
Company clarified that during the Aero India 2019 held in Bengaluru the company has signed a MoU with CPWD for execution of stage wise infrastructure development of its Helicopter Factory, near Tumakur.
Positive for the stock. 👍

Edited by Sharp.

27th February, 2019 Morning Brief

Market will open on a positive note with a positive start in Asian markets.

Wall Street’s three major indexes fell slightly after a choppy session on Tuesday as investors eyed mixed US economic data and corporate news and waited for clarity on issues such as the US-China trade talks.

Nifty50 has made a doji type candle on the daily chart yesterday and which meant an uncertainty about next move. So, today's closing will give an idea about the further journey for the market. Again, 11000 can be the resistance level zone.

🎯 News & Impact 🎯

🎯 Max India :
Company approved the divestment of entire stake of 51 percent in Max Bupa Health Insurance to True North Fund for Rs.511 crore.

🎯 Allahabad Bank, Corporation Bank and Dhanlaxmi Bank :
The Reserve Bank of India removed Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from the Prompt Corrective Action Framework subject to certain conditions.

🎯 ONGC :
Company’s foreign arm, along with its joint venture partners of Mozambique Project, has entered into a long term LNG Sale and Purchase Agreement with four international players and BPCL arm. 

🎯 Time Technoplast :
Company entered into an agreement with Confidence Group to retail blast proof LPG cylinders.

🎯 Bharat Financial Inclusion :
Company completed eight direct assignment transaction of Rs 1,217.8 crore.
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26th February, 2019 Morning Brief

Market will open with a gap down with a stretched tensions across the borders after a Pakistan army spokesperson alleged that Indian fighter jets violated an agreed border between the two countries.

US markets faded after a rush of trade optimism, closed positively.

🎯 News & Impact 🎯

🎯 Lupin :
Company received U.S. FDA approval for Methylprednisolone tablet. 
Positive for the stock. 👍

🎯 Britannia Industries Ltd. will replace state-run oil retailer Hindustan Petroleum Corporation Ltd. in Nifty50.
Positive for Britannia.

🎯 JBM :
JBM Group acquires majority stake in Germany's Linde-Wiemann

🎯 Aurionpro Solution :
Company wins contracts in Oman and Thailand.

🎯 Jubilant Life Sciences :
Company's arm to launch unsecured bonds offer outside India.

🎯 M&M :
Company launches electric mobility service Glyd in Mumbai, 10 e-Veritos flagged off.

🎯 KPR Mill :
KPR ventures into ethanol production in Karnataka, projects cost at Rs1.2bn.

🎯 BEL :
Company bags $33 mn export orders from Elbit Systems Electro-Optics Elop.

🎯 GE T&D India :
Company bags Rs.1.62bn order from PowerGrid.

🎯 Adani Enterprises :
Company wins bids for five out of six airports - Ahmedabad, Jaipur, Lucknow, Mangalore, Thiruvananthapuram.

🎯 RPP Infra Projects :
Company wins new order of Rs.1.05bn.

🎯 Fortis :
Company asks SEBI to order arrest of Singh brothers for failure to return diverted money.

🎯 Tejas Networks :
Company launched broadband product. 

🎯 Sharda Motor Industries :
Company entered into JV agreement with Eberspaecher Exhaust Technology.

🎯 Thermax :
TSPX will become the wholly owned subsidiary of the company after the agreement.

🎯 Bharti Airtel :
Airtel and Ciena to build one of the world's largest photonic control plane networks in India for delivering ultra-fast data over 4G, 5G and FTTH.
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Edited by Sharp.

25th February, 2019 Morning Brief

Market will open on a positive note in line with Asian markets.

Asian share markets looked well set on Monday after US President Donald Trump confirmed he would delay a planned increase on Chinese imports as talks between the two sides were making “substantial progress”.

🎯 News & Impact 🎯

🎯 Realty :
Goods and Services Tax Council approved lowering the tax rate on under-construction properties to 5 percent without input tax credit, from 12 percent earlier, while the affordable housing projects will attract 1 percent tax as against 8 percent earlier.
Positive for the sector. 👍

🎯 NTPC :
Company arm’s 250MW thermal power project in Bihar started its operations with effect from Feb. 20.

🎯 Spicejet :
Company received an IATA operational safety audit certification.

🎯 GVK Power and Infra :
GVK to acquire 13.5 % stake of Mumbai International Airport Ltd. (MIAL) from Bidvest for Rs 1,247.4 crore. 

🎯 IFB Agro Industries : 
Company’s wholly owned subsidiary to carry the business of distribution of seafoods products in the local markets of UAE.

🎯 Adani Ports and SEZ :
Company to acquire Adani Agri Logistics Ltd. from Adani Enterprises Ltd. for a cash consideration of Rs.946 crore. 

🎯 Motilal Oswal, IIFL Holdings :
SEBI declares commodity arms of Motilal Oswal, IIFL 'not fit and proper'.
Cautious over stocks.

🎯 Tata Metalics :
Company board meeting will be held on February 27, 2019 to consider, a proposal for raising of funds

🎯 NTPC : Nabinagar Thermal Power Project has been declared running commercial operation.

🎯 Sharon Bio :
API facility located at Taloja, Maharashtra received 4 Form 483 observations after the inspection completed by USFDA.

🎯 Mold Tek Packaging :
Company inaugurates 9th Manufacturing Plant at Pudi (Vizag).

🎯 Hubtown :
Company divested and transferred its entire holding of 4,720 equity shares in its subsidiary Heet Builders.

🎯 India Motor Parts :
Company sales 2.68% stake (1,20,52,112 equity shares) in Royal Sundaram General Insurance to Ageas Insurance International N.V.

🎯 City Union Bank :
inaugurated 4 new branches in Tamil Nadu.

🎯 Adani Green Energy :
Company awarded 150 MWac solar power project to its wholly-owned subsidiaries.

🎯 Lux Industries :
Company incorporated subsidiary Altai Industries Private Limited.
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Edited by Sharp

22nd February, 2019 Morning Brief

A weak opening expected today following negative global markets, US and Asian.

U.S. stocks fell as investors grappled with concerns about economic growth and the latest twists in global trade.

Nifty plotted another green candle on the daily chart yesterday claiming 10800 on the horizon.

🎯 News & Impact 🎯

🎯 BEL :
Company signed a teaming agreement with Hughes India to provide satellite communication solutions for helicopter. 

🎯 Kotak Mahindra Bank :
ING Mauritius Investments to further sell stake in Kotak Mahindra Bank.

🎯 BEML :
Company signed a ‘Certificate of Partnership’ with Lockheed Martin Aeronautics to explore global and domestics opportunities.

🎯 Kaveri Seed :
Company clarified that the government of Andhra Pradesh had suspended the licenses of 14 Seed Companies including the Kaveri Seed Company on Jan. 28.

🎯 Dyanamatic Technologies :
Company signed an MoU with SAAB Technologies to explore future joint opportunities in commercial and defense related work.

🎯 AU Small Finance Bank :
Bank entered into an agreement with ACKO General Insurance to act as a corporate agent for insurance products.

🎯 Taneja Aerospace :
SEBI fines Rs 6 lakh on Taneja Aerospace, 2 others for disclosure lapses.

🎯 Hinduja Global Solutions : 
Fidelity Funds acquired 2.8 lakh shares or 1.33 percent equity at Rs 591 each.

Edited by Sharp.

21st February, 2019 Morning Brief

Market will open on a negative note today after flat closing in US markets yesterday and with a mixed Asian cues.

US markets ended positively after minutes from the Federal Reserve’s last meeting reaffirmed for investors that the US central bank would be “patient” with respect to further interest rate hikes.

As expected yesterday market closed higher after 9 consecutive negative sessions with the Nifty holding 10,700 levels, backed by positive global cues, value buying and appreciation in INR against US dollar. 10900 and 11000 levels will again act as a resistance and 10580-10600 zone as a strong support for Nifty50 in coming sessions. Market may trade cautiously ahead after yesterday's bounce.

🎯 News & Impact 🎯

🎯 Allahabad Bank, Corporation Bank, Bank of India, Bank of Maharashtra, Punjab National Bank, Union Bank, Andhra Bank, Syndicate Bank, Central Bank, United Bank, UCO Bank and IOB :
The government on February 20, announced final recapitalisation tranche amount of Rs.48,239 crore for as many as 12 public sector banks, in a bid to take them out of Reserve Bank of India’s (RBI) prompt corrective action framework.
Positive for the stocks. 👍

🎯 Government extends exemption on some imported grades of steel until April 17, 2019.
Positive for the steel sector. 👍

🎯 Yes Bank :
Moody's affirms bank's ratings; outlook changed to stable from negative.
Positive for the stock. 👍

🎯 Dr. Reddy :
Company said that they are re-launching Buprenorphine and Naloxone Sublingual Film better known as the generic version of Suboxone Film in the U.S. markets.

🎯 JSW Steel :
Moody’s changed its outlook on JSW Steel’s rating to positive from stable and affirmed ‘Ba2’ rating on corporate family rating and senior unsecured notes.
Positive for the stock. 👍

🎯 Shakti Pumps :
Company said that the after CCEA approved launch of KUSUM scheme and Phase II of grid connected solar rooftop solutions and it will positively impact the company as well as the industry.

🎯 Dynamatic Technologies :
Company signed an MoU with JSC Russian Helicopters to build fabrication and ancillary parts.

🎯 SCI :
Shipping Corporation of India gave physical delivery of one bulk carrier to its buyer.

🎯 Reliance :
Saudi Aramco, the world's largest oil exporter, said today it is in talks with Reliance Industries and other Indian companies for investing in petrochemicals and refinery projects in the country.

🎯 Innovative Ideals & Services India : Company has bagged a new order for FTTH & Video Door Phones for supplying & executing for EPSILON Tower, SD CORP, Shapoorji Pallonji group. The value of the order is Rs 1 crore which is expected to be completed by the end of this year.

🎯 Sharon Bio :
Company has received recovery notice under the Maharashtra Value Added Tax Act amounting to Rs 11.17 crore for the period April 1, 2015 to November 3, 2015 and Rs 2.47 crore for the period April 1, 2011 to March 31, 2012.

🎯 Grasim Industries :
Company completed acquisition of the chlor-alkali business of KPR Industries.

Edited by Sharp.

20th February, 2019 Morning Brief

Market may open with a gap up today backed by strong Asian markets.

Walmart boosted investor sentiment and high-level US-China trade talks resumed in Washington.

The Indian market fell for the eighth consecutive session on February 19, the longest losing streak since July 2013. Market opened on a positive note yesterday and bulls had taken a grip till last hour but the sentiment was dented by Pakistan Prime Minister Imran Khan's comments that the country will retaliate if India launches military strikes in the aftermath of the Pulwama terror attack.

As discussed yesterday, Nifty50 has taken support above it's crucial support 10580 and guard the 10600 level on closing basis. Yesterday's low could be considered as a support for today's session as everybody is seeking for a bounce back.

🎯 News & Impact 🎯

🎯 Dr. Reddy :
The U.S. Supreme Court Chief Justice John Roberts rejected Indivior’s bid to protect Suboxone film, the company’s treatment for opioid addiction. The court also refused to block Dr. Reddy’s Laboratories and others from selling generic versions of Suboxone film.
Positive for the stock. 👍

🎯 Coal India, Vedanta : 
CCEA approved the methodology for allowing the allocation of coal mines for specified end-use or own consumption, to 25 percent of actual production on run of mine basis in open market with payment of additional premium on such sale.

🎯 Redington India, MIRC Electronics, Dixon Technologies, Shivalik Bimetal Controls : 
Cabinet approved National Electronic Policy. IT Minister Ravi Shankar Prasad stated that the aim is to target $400 billion by 2025 in electronic manufacturing.
Positive for the stocks. 👍

🎯 TATA Power, Torrent Power :
Cabinet approved rooftop solar generation phase II to add 40,000 MW of solar power by 2022.
Positive for the stocks. 👍

🎯 Majesco :
Company arm received a contract for digital solutions from American Public Life Insurance Company.

🎯 Prism Johnson :
Company issued letter of intent for an EPC contract to set up a 22 MW power generation system in Madhya Pradesh. 

🎯 Duke Offshore :
The company received a prestigious contract from Daewoo - Tata projects Limited JV to provide one initial high speed vessel to support construction for the Mumbei Trans Harbour Link project.

🎯 Ramco Cements :
Green Products and Services Council of Confederation of Indian Industry has renewed the GreenPro Certification for our Company's flagship product - RAMCO SUPERGRADE.

🎯 Aarti Industries :
Company collaborates with Global Chemical Conglomerate to develop and supply High Value Specialty Chemical Intermediate worth USD 125 million for a 10 year supply period.

🎯 Bajaj Healthcare :
Board approved issue of bonus shares in the ratio of 1:1.

🎯 Engineers India :
ICICI Prudential Mutual Fund bought 33,08,000 shares of the company at Rs 107.63 per share.

🎯 NALCO :
ICICI Prudential Mutual Fund bought 94,45,000 shares of the company at Rs 50.09 per share.

🎯 Music Broadcast :
Ex-date for share split from Rs.10 to Rs.2 per share.

Edited by Sharp.

19th February, 2019 Morning Brief

Market will open on a negative note in continuation with yesterday's slide.

Asian markets are trading positively with a marginal gains.

Market continued it's slide for eighth day in a row. Nifty50 has made a bearish engulfing look a like candle on the daily chart yesterday. It is interesting to see whether 10580-10600 zone can give support to the continuous slide or not in coming sessions. Rise in crude oil prices, tensions on the North West border, geopolitical pressure on the Govt are the factors which are affecting the investment atmosphere.

🎯 News & Impact 🎯

Major Results Updates :

🎯 Ambuja Cement (Q4 CY18, YoY) : Revenue up 5.5 % to Rs.2,863.3 crore.
Net profit up 58.8 % to Rs.537.4 crore.
Margin at 14.1 % versus 19.9 %.
Other income up 77 % to Rs.85 crore.

🎯 TFCI :
Kotak Mahindra Investments has acquired control of 80,716,748 equity shares of company constituting 6.91% of the issued equity share capital.
Positive for the stock. 👍

🎯 NLC, NHPC :
NLC signed an MoU with NHPC on power trading. With this agreement, both power generating public sector undertakings will offer surplus power available in northern and north-east region to the bulk consumers in southern region at an affordable tariff, as stated in the company’s press release.

🎯 Emami :
Emami promoters sold 10 percent stake in Emami Ltd. for around Rs 1,600 crore to pare debt. 
Negative for the stock.

🎯 Cipla :
Cipla’s arm said it will acquire 11.7 percent stake in Wellthy Therapeutics for Rs.10.5 crore. 

🎯 Grasim
Grasim Industries said it will acquire Chlor-Alkali business of KPR Industries for Rs.253 crore. 

🎯 Tata Steel :
Company arm entered into an agreement with IMR Asia Holdings to divest its entire stake in Black Ginger.

🎯 Future Consumer :
Company entered into an arrangement with UAE-based T Choithrams & Sons. 

🎯 DHFL :
company had received a notice from the tax department seeking evidence on certain aspects of books of accounts. 

🎯 Wipro :
Company launched its cloud solution platform for the organisations to migrate into Oracle Cloud.

🎯 Jindal Stainless :
Jindal Stainless sets up arm in Chennai to supply stainless steel components to Integral Coach Factory.

🎯 Cyient :
Company launched digital service solutions for original equipment manufacturers and equipment owners and operators.

🎯 Suditi Industries :
Company executed the license contract with PSG Merchandising, a French simplified limited liability company.

🎯 Gokaldas Exports :
Company entered into a Memorandum of Understanding with Government of Karnataka for setting up apparel manufacturing units over a period of next five years in Ballary district involving an investment of approximate up to Rs.80 crore.

🎯 Hotel Leela :
Rockfort Estate to buy 1 percent stake in company from Leela Lace via inter-se transfer. Rockfort Estate & Leela Lace are promoters of company.

Edited by Sharp.

18th February, 2019 Morning Brief

Market may open on a flat note today after a relief rally of Friday.

Asian stocks rose on Monday following a strong U.S. session on Friday amid optimistic signs on the economy and trade discussions.

Nifty has made a bearish candle on daily charts for the seventh consecutive session, which resembles a hammer  pattern.

Again 10600 will be considered as a prominent support for Nifty50 if it tends to change it's trend.

🎯 News & Impact 🎯

🎯 Dr. Reddy’s Laboratories :
U.S. regulator cleared the company’s Duvvada facility for exports to the American market.
Positive for the stock. 👍

🎯 Glenmark :
Glenmark Pharmaceuticals Inc., USA has been granted final approval by the USFDA for Clobetasol Propionate Foam.
Positive for the stock. 👍

🎯 Biocon :
USFDA concluded two pre approval inspections of Biocon's manufacturing facilities in Bengaluru.

🎯 BPCL :
Company's arm executed long term liquefied natural gas sale purchase agreement with Mozambique LNG1 for 1MMTPA of LNG for 15 years.

🎯 Coffee Day Enterprises :
Income Tax Department provisionally attached 2.04 crore encumbered shares of promoter VG Siddhartha for six months.

🎯 PNC Infra tech :
Company received an order from PWD for a project worth Rs.186.48 crore.

🎯 Tech Mahindra :
Board to consider buyback of shares on February 21.

🎯 Lumax Auto :
Company plastics division secured LOI from one of the OEMs for supply of Integrated plastic parts of Rs.125‐140 crore on annual basis.

🎯 Cochin Shipyard :
Company formed JV company in the name of Hooghly Cochin Shipyard with Hooghly Dock & Port Engineers.

🎯 Axis Bank :
SUUTI sold 3 % stake in the bank via OFS.

🎯 Coffee Day Enterprises :
Tax Department attaches Rs.2 crore worth of promoter shares in the company.

🎯 KPI Global Infrastructure :
Company bags order of 213.75KW solar power plant under captive power producer.

Edited by Sharp.

15th February, 2019 Morning Brief

Market will open on a positive note after 5 days' slide.

US markets slid on disappointing economic data and reports the president will declare a national emergency overshadowed news that another government shutdown will be averted.

Nifty50 may take support around 10700 level to show some value buying or else 10570 will be the rock bottom to support the current sell-off.

🎯 News & Impact 🎯

Results updates :

🎯 Indiabulls Real Estate (Q3, YoY) :
Revenue up 5.3 times to Rs.1,271.1 crore.
Net profit of Rs.202.5 crore versus Rs. 6 crore.
Ebitda up 4.4 times to Rs.387.8 crore.
Positive for the stock. 👍

🎯 Glenmark Pharma (Q3, YoY) :
Revenue up 15.9 % to Rs.2,555 crore.
Net profit up 15.2 % to Rs.107.7 crore.
Ebitda up 34.7 % to Rs.434.6 crore.
Margin at 17 % vs 14.6 %.
Positive for the stock. 👍

🎯 GSK Consumer Healthcare (Q3, YoY) :
Revenue up 7.4 % to Rs.1,116.8 crore.
Net profit up 35.1 % to Rs.221.1 crore.
Positive for the stock. 👍

🎯 ONGC (Q3, QoQ) :
Revenue down 1.1 % to Rs.27,694.1 crore.
Net profit flat to Rs.8,262.7 crore versus Rs. 8,264.6 crore.
Ebitda up 5 % to Rs.16,571 crore.
Margin at 59.84 % vs 56.41 %.

🎯 Jet Airways (Q3, YoY) :
Revenue up 1 % to Rs.6,148 crore.
Net loss of Rs. 587.8 crore vs Net profit of Rs. 165.3 crore.
Margin at 7.5 % vs 16.5 %

🎯 Nestle India (Q4, YoY) :
Revenue up 11.4 % to Rs.2,897 crore.
Net profit up 9.6 % to Rs.342 crore.

🎯 Jet Airways :
Company agreed to give lenders a majority stake in the airline company by converting part of their debt to equity as the airline battles a cash crunch. 

🎯 CG Power Industrial Solutions :
Board in principal has approved the proposal of the merger of arm ‘CG Power Solutions’ with the company. 

🎯 Minda Industries :
Company approved the merger of Harita Seatings with company. 

🎯 Zee Entertainment :
Comcast, Sony in race to buy stake in Zee Entertainment. 

🎯 J. Kumar Infra :
Company received order worth Rs.445 crore for Mumbai Metro Rail Project.

🎯 Siemens India :
Company said it will sell its leasehold interest in Gujarat property for Rs 193.5 crore to LM Wind Power Blades. 

🎯 Mangalore Chemicals :
Company and Fertilizers shut down Ammonia, Urea and ABC plants from Feb. 13 after reassessing capacity of Urea production for financial year 2019 as per Department of Fertilizers.

🎯 Kridhan Infra :
Company's Singapore arm received construction order worth Rs.187 crore for a sports centre.

🎯 Glenmark Pharma :
Company approved to spin off the innovation business into a new company in the USA. 

🎯 BGR Energy Systems :
Company proposed sale of investments in a wholly owned subsidiary.

🎯 Tera Software :
Company received projects three projects worth Rs 252.74 crore, Rs 33.75 crore and 2.15 crore respectively.

Edited by Sharp.

14th February, 2019 Morning Brief

Market may continue yesterday's slide as it will open on a negative note today.

US markets ended up on US President Donald Trump's statement on Wednesday that trade talks with China were “going along very well” as the world’s two largest economies try to resolve their seven-month tariff war ahead of a March 1 deadline for a deal. Asian markets trading cautiously in the morning trade.

Market gave up early gains to end up in negative territory to plot a long bearish candle on the daily chart.

🎯 News & Impact 🎯

Major Results Today :
ONGC, Ashok Leyland, Jet Airways, Indiabulls Real Estate, Voltas

Results Updates :

🎯 Reliance Capital Q3 :
Profit at Rs. 89 crore versus loss of Rs.603 crore;
Revenue falls to Rs.568 crore versus Rs. 639 crore YoY.
Positive for the stock. 👍

🎯 Oracle Fin Services Q3 :
Cons net profit up 5.7% at Rs.306 cr vs Rs 289.6 cr (YoY).
Positive for the stock. 👍

🎯 Godrej Industries Q3 :
Profit spikes to Rs.121 crore versus Rs. 50 crore;
Revenue rises to Rs. 2,473 crore versus Rs. 2,100 crore YoY.

🎯 EID Parry, Balrampur Chini, Dhampur Sugar :
Government may raise minimum selling price of a sugar by as much as 10 percent from Rs 29 per kg to Rs 32 per kg, a government official said.
Positive for the sugar stocks. 👍

🎯 Ludlow Jute & Specialities, Cheviot :
Cabinet approved raising MSP for raw jute by Rs 250 per quintal, or 6.75 percent, to Rs 3,950 per quintal for 2019-20.

🎯 Trident :
Company has been granted a patent for Air Rich Yarn and Fabric and its method of manufacturing by United States Patent & Trademark office.

🎯 Tata Power :
Company collaborates with AES and Mitsubishi Corporation to power up South Asia's largest grid-scale energy storage system in India.

🎯 ABB India :
Company approved the segregation of company’s power grid business from the company’s other businesses.

🎯 HIL :
Company said that the company commenced the second phase production of its soil, waste and rain pipes and fittings at its Gujarat plant. 

🎯 PSP Projects :
Company emerged as the lowest bidder for two construction projects in Rajasthan and Gujarat with a cumulative contract value of Rs.415.2 crores.

🎯 Pidilite Industries :
Company's global arm set up a join venture in Kenya with Crown Classic. The Global arm will hold 55 percent of the stake in the JV, while the remaining stake will be held by Crown Classics.

🎯 Zee News :
IFCI sold 30,00,000 shares of the company at Rs.14.07 per share on the NSE.

Edited by Sharp.

13th February, 2019 Morning Brief

Market will open with a gap-up supported by IIP data released and strong global markets.

Yesterday market kicked start on a lacklustre note and trade with a narrow range with a pessimism ahead of Industrial Production and CPI data to be released after market hours. But In the second half of the trading session, the key indices extended their losses to close near their intraday low to end up in negative zone for third consecutive session, despite positive cues from global markets and a INR appreciation against the US$.

Wall Street rallied on Tuesday as investors were heartened by a tentative congressional spending deal to avoid another partial federal government shutdown and by optimism surrounding US-China trade negotiations.

Nifty50 has plotted another bearish candle on the daily chart but today it may give a bounce back if it sustains above yesterday's high of 10910.  Immediate support seems at 10800-10810 zone.

🎯 News & Impact 🎯

Results Updates :

🎯 Sun Pharma (Q3, YoY) :
Revenue up 16.3 % to Rs.7,740.2 crore.
Net profit up 3.9 times to Rs.1,241.9 crore.
Ebitda up 48.1 % to Rs.2,153 crore.
Margin at 27.8 % versus 21.8 %.
Positive for the stock. 👍

🎯 Coal India (Q3, YoY) :
Revenue up 15.4 % to Rs.25,045.8 crore.
Net profit up 50.1 % to Rs.4,566.7 crore.
Ebitda up 55 % to Rs.6,787.8 crore.
Margin at 27.1 % versus 20.2 %.
Positive for the stock. 👍

🎯 Bata India (Q3, YoY) :
Revenue up 15.5 % to Rs.778.7 crore.
Net profit up 51.5 % to Rs.103.2 crore.

🎯 Oil India (Q3, QoQ) :
Revenue down 6.1 % to Rs.3,514 crore.
Net profit up 43.1 % to Rs.1,233.5 crore.

🎯 Indian Hotels (Q3, YoY) :
Revenue up 10.5 % to Rs.1,323.5 crore.
Net profit up 50 % to Rs.161.8 crore.

🎯 Alembic Pharma :
Company’s arm received ANDA approval from the U.S. FDA for Fenofibrate Tablets which are used for treating cardiovascular diseases.

🎯 Oriental Bank of Commerce, Allahabad Bank, Bank of Maharashtra, Indian Overseas Bank, Andhra Bank :
The Reserve Bank of India imposed a penalty on Oriental Bank of Commerce, Allahabad Bank, Bank of Maharashtra and Indian Overseas Bank for not monitoring end use of funds. While they have to pay the central lender Rs.1.5 crore, Andhra Bank has been fined Rs.1 crore.

🎯 Rico Auto Industries :
Company board approved acquisition of Magna Rico Powertrain (a joint venture company), which will then become wholly owned arm of the company.

🎯 Tata Power :
Company's solar arm launched residential rooftop solution in Chandigarh.

🎯 Transport Corporation of India : Company finalised the agreement to hive off its cold chain unit into TCI Cold Chain Solutions for a consideration of Rs 63.6 crore.

🎯 Zenith Birla India :
Company entered in to one time settlement with Invent Assets Securitisation & Reconstruction Pvt. Ltd (loan assigned by State Bank of India) against the credit facilities availed by the company.

Edited by Sharp.

12th February, 2019 Morning Brief

Market may open on a flat note after yesterday's negative session. Asian indices are trading positively but US market closed flat yesterday.

Nifty has plotted a negative candle on the daily chart and took support at 10850. It will be interesting to see whether Nifty is making base at that level by not breaching it for the session today.

🎯 News & Impact 🎯

Major Results Today :
Coal India, Hindalco, Sun Pharma, Oil India.

Results Updates :

🎯 Corporation Bank (Q3, YoY) :
Net Interest Income up 3.1 % to Rs.1303 crore.
Net profit at Rs 60.5 crore versus net Loss to Rs.1240.5 crore.
Provisions at Rs.842.3 crore (QoQ).
GNPA at 17.36 % vs 17.46 % (QoQ).
Positive for the stock. 👍

🎯 Edelweiss Financial Services :
Allianz Management to invest $200 million in the company’s Private Debt Platform.
Positive for the stock. 👍

🎯 Axis Bank :
Specified Undertaking of Unit Trust of India (SUUTI) plans to sell 1.98 percent stake on Feb.12, with total aggregate consideration of Rs 3500 crore. Offer to open for retail investors on Feb. 13.

🎯 United Bank of India :
Bank allotted more than 181.73 crore equity shares at a price of Rs 11.88 apiece to the President of India, aggregating Rs 2,159 crore.

🎯 SBI :
Bank of America is said to have bid for part of SBI’s $2.2 billion loans to Essar.

🎯 Dr Reddy’s Laboratories :
Indivior lost bid to stay mandate in the company’s Suboxone Case. 

🎯 KNR Constructions to sell entire shareholding in its SPV with Cube Highways and Infra for Rs 34.46 crore.

🎯 Alembic Pharma :
Company's JV (with Orbicular) received two observations from the U.S. FDA inspection at its Gujarat’s formulation manufacturing facility.
Cautious over the stock.

🎯 Indian Overseas Bank :
RBI levied penalty of Rs.1.5 crore on the bank due to non-monitoring of end use of funds and delay in reporting of fraud in respect of one of its borrowers.

🎯 Arshiya :
Company's two arms to acquired warehouses in Uttar Pradesh for Rs.118 crore.

🎯 Gulf Oil Lubricants :
Company announced association with Mahindra Logistics for supply chain solutions.

Edited by Sharp.

11th February 2019, Morning Brief

Market will open on a flat note today after a sell-off on Friday.

Asian stocks began the week on a cautious note as doubts on the possibility for progress ahead of a potentially pivotal week for U.S.-China trade talks crept back into markets.

🎯 News & Impact 🎯

Major Result Today :
Eicher Motors.

Results Updates :

🎯 Tata Steel (Q3, YoY) :
Revenue up 23.2 % to Rs.41,219.9 crore.
Net profit up 76.5 % to Rs.2,284.1 crore.
Ebitda up 18 % to Rs.6,723.4 crore.
Margin at 16.3 % Vs 17.03 %.
Positive for the stock. 👍

🎯 Sun TV Network (Q3, YoY) :
Revenue up 32.4 % to Rs 904.5 crore.
Net profit up 31.6 % to Rs.351.3 crore.
Positive for the stock. 👍

🎯 Apollo Hospitals (Q3, FY19) :
Revenue up 17 % to Rs.2,169 crore.
Net profit up 29 % to Rs.86.9 crore.
Positive for the stock. 👍

🎯 BPCL (Q3, YoY) :
Revenue up 9.5 % to Rs.79,168.9 crore.
Net profit down 59.4 % to Rs.495.1 crore.

🎯 NALCO (Q3, YoY) :
Revenue up 13.81 % to Rs.2,719 crore.
Net profit down 58.2 % to Rs.301.8 crore.
Ebitda up 49.2 % to Rs.513.1 crore.
Margin at 18.9 % vs 14.4 %.

🎯 Thermax (Q3, YoY) :
Revenue up 28.6 % to Rs.1,436.6 crore.
Net profit up 28 % to Rs.75 crore.

🎯

🎯 Dr. Reddy’s Laboratories :
Received a Form 483 with 11 observations from the U.S. FDA after the inspection of Formulations Manufacturing Plant in Hyderabad.
Cautious over the stock. ⚠

🎯 Lupin :
Company received two observations from the U.S. FDA after the inspection of Goa manufacturing facility. 
Cautious over the stock. ⚠

🎯 Cipla :
Company said that its subsidiary InvaGen Pharmaceuticals Inc has completed the first tranche of 33.3 percent stake buy in U.S.-based speciality business firm Avenue Therapeutics.

🎯 Bharti Airtel :
Company's Kenya arm signed an agreement with Telkom Kenya to combine operations and will be called ‘Airtel-Telkom’. Both companies will merge their mobile, enterprise and carrier services. 

🎯 Reliance : 
Reliance Brands increased its stake in Future 101 Design to 15 % for Rs.2 crore. The company also stated that its arm Reliance Retail Ventures increased its stake in Genesis Colours to 29.07 % for Rs.45 crore.

🎯 Prakash Industries :
Company said that it has modernised its Rolling Mill in Chattisgarh to improve the production of wire rods. 

🎯 Allahabad Bank, Punjab National Bank, Corporation Bank :
RBI Imposed a penalty of Rs.1.5 crore on Allahabad Bank and Rs.1 crore on Punjab National Bank due to regulation issues and on Corporation Bank of Rs.2 crore  for  lapses in monitoring of end use of funds and exchange of information with other banks.

🎯 KEC International :
Company has completed its entire stake sale in ‘KEC Bikaner Sikar Transmission’ to Adani Transmission, after obtaining regulatory approvals.

🎯 Adani Transmission :
Company completed acquisition of KEC International’s project for Rs 228 crore.

🎯 Voltas :
Company to invest over Rs.500 crore in setting up a manufacturing facility in South India. 

🎯 Engineers India :
Company to provide project management consultancy services to Mongol Refinery for setting up of an oil refinery in Mongolia.

🎯 IDFC :
Company to sell stake in IDFC Securities to TCG in one or more tranches over a period of time. Yet to sign definitive agreement.

Edited by Sharp.

7th February, 2019 Morning Brief

Market may open on cautious note ahead of RBI policy today noon. Market will react accordingly. No Rate hike is already factored in and even 25 paise rate cut consideration too partially.

Disappointing earnings in the technology sector kept US market lacklustre. Asian markets trading mixed today morning.

Finally Nifty50 gave a breakout beyond its crucial resistance levels of 10,985-11,000 after fifth day's successive rally and was able to sustain till the end of the session  yesterday. The index made a long bullish candle for the 5th consecutive day in a row. It was the highest closing since 26th Sept. 2018.

Major Results Today :

Grasim, Tata Motors, Adani Enterprises, Auropharma, Britannia, Cadila

🎯 News & Impact 🎯

New Listing :

Chalet Hotels

🎯 AstraZeneca Pharma (Q3, YoY) :
Revenue up 67.5 % at Rs.215.2 crore.
Net profit at Rs 29.9 crore versus net loss of Rs. 10.34 crore.
Positive for the stock. 👍

🎯 Vodafone Idea (Q3,QoQ) :
Revenue down 2.2 % at Rs.11,765 crore.
Net loss at Rs.5,005 crore versus net loss at Rs. 4,974 crore.
Ebitda up 16.3 % at Rs.1,137 crore.
Margins at 9.66 % versus 8.13 %.

🎯 IGL (Q3, YoY) :
Revenue up 27.4 % at Rs.1,508 crore.
Net profit up 19.3 % at Rs.198 crore.
Ebitda up 20.8 % at Rs.318 crore.

🎯 Entertainment Network (Q3, YoY) :
Revenue up 35.8 % at Rs. 200.9 crore.
Net profit up 22 % at Rs.16.1 crore.

🎯 Cummins (Q3, YoY) :
Revenue up 11 % at Rs.1,503.8 crore.
Net profit up 8.7 % at Rs.187.1 crore.

🎯 IL&FS Engineering :
GAIL offloaded pipeline laying contract of Bokaro-Durgapur Section from IL&FS due to poor project progress. 

🎯 Glenmark Pharmaceuticals :
Company receives tentative ANDA approval for Fulvestrant Injection, 250 mg/5 mL (50 mg/mL).
Positive for the stock. 👍

🎯 Seamec :
Company withdrew from demerger of EPC and Vessel Division of HAL Offshore into the company citing that intended synergies on which the demerger was planned have been diluted. The company also stated that it will move this application to NCLT.

Edited by Sharp.

6th February, 2019 Morning Brief

Market will open with on a higher side with a gap today as U.S. stocks rose for a fifth day in muted trading as gains in technology shares and firmness among Asian cues.

In a narrow range, Nifty inched towards it's crucial 11000 mark yesterday. As mentioned earlier, it's a herculean task to surpass and sustain for Nifty50. Hopefully in coming sessions, we may witness the breach of the level on the closing basis. After that Nifty can touch 11120 and can be stretched upto 11400 level also. RBI policy will be the ultimate trigger for the market.

Major Results Today :

Adani ports, Cipla, JSW Steel, Lupin, PTC, Siemens

🎯 News & Impact 🎯

Results Updates :

🎯 Tech Mahindra Q3 :
Profit rises 13% QoQ,
Revenue surges 3.6%

🎯 HPCL (Q3, QoQ) :
Revenue up 6.8 % at Rs.72,111.8 crore.
Net profit down 77.3 % at Rs.247.6 crore.

🎯 Tata Chemicals (Q3, YoY) :
Revenue up 10 % at Rs.2,831.9 crore.
Net profit down 71.1 % at Rs.219.5 crore.

🎯 DLF (Q3, YoY) :
Revenue up 31 % at Rs.2,219.3 crore.
Net profit down 91.8 % at Rs.335.2 crore.
Negative for the stock.

🎯 Sobha (Q3, YoY) :
Revenue up 13.9 % at Rs.787.9 crore.
Net profit up 30.7 % at Rs.69.8 crore.

🎯 IDFC First Bank (Q3, YoY) :
Net interest income up 131.4 % at Rs. 1,145.2 crore.
Net loss at Rs.1,538 crore versus net profit at Rs.146.1 crore.
GNPA at 1.97 % versus 1.63 % (QoQ).

🎯 Lupin :
Company launches Clomipramine Hydrochloride Capsules USP

🎯 Marico :
The company's net profit grew 13 % at Rs. 251.7 crore.

🎯 HPCL :
The profit has fallen 77 % to Rs.247.5 crore against previous quarter.

🎯 Adani Green Energy :
Company's renewable energy arm commissioned 12 Mwac wind power project in Gujarat. The company’s solar arm also received 390 Mwac of capacity in tenders floated by SECI.

🎯 Axis Bank :
RBI has imposed a penalty of Rs.2 crore.

🎯 Syndicate Bank :
RBI Imposes Rs.1 crore penalty on Syndicate Bank.

🎯 HCL Technologies :
Company said it will partner with Harris Geospatial Solutions to provide digital solutions to the utility industry.

🎯 Majesco :
Company launched billing and payments solutions for the insurance industry.

🎯 Rcom :
Exchange barred from derivative segment after Feb series.

🎯 Century Plyboards :
Board approved setting up of particle board and MDF unit in Uttar Pradesh.

🎯 NBCC :
Company said that it secured total business worth Rs.355.9 crore for January.

🎯 Sagar Cements :
Company's consolidated January Cement sales were up 34.94 percent at 3.2 lakh MT versus 2.37 lakh MT.

🎯 Strides Pharma Science :
Company gets EIR from USFDA on continued GMP status for the flagship facility in Bangalore.

Edited by Sharp.

5th February, 2019 Morning Brief

Market will open on a positive side today.

U.S. stocks rose for a fourth day, with technology shares leading the advance in thin trading ahead of a fresh batch of earnings reports. Stocks gained in Japan and Australia Tuesday, while multiple Asian markets remained closed for the Lunar New Year.

Yesterday, market recouped its morning losses in the afternoon trade and managed to close the day on a positive note. The Nifty50 formed a bullish hammer type candle on the daily chart.
A move beyond 11000 would unfold next leg of the rally as stated earlier.

Major Results Today :

Tech Mahindra, PNB, Hindpetro, DLF, GAIL, ACC, BHEL

🎯 News & Impact 🎯

🎯 IRB Infrastructure Q3 :
Profit rises to Rs.218.9 crore Vs Rs.207.3 crore;
Revenue increases to Rs 1,788.5 crore Vs Rs.1,296.2 crore YoY.
Positive for the stock. 👍

🎯 Balrampur Chini Mills Q3 :
Profit jumps to Rs.120.32 crore Vs Rs.61.42 crore;
Revenue falls to Rs.940.91 crore Vs Rs. 1,001.91 crore YoY.

🎯 Bharat Financial Inclusion :
Company assigned a pool of receivables of an aggregate value of Rs.751.19 crore.

🎯 SRF (Q3, YoY) :
Revenue up 40.6 percent at Rs 1,964 crore.Net profit up 26.3 percent at Rs 165.7 crore.

🎯 Vedanta :
Moody’s changes Vedanta’s outlook to negative from stable.
Negative for the stock.

🎯 Dr. Reddy’s Laboratories :
Indivior Loses Bid for Rehearing in Suboxone Patent Case. Indivior Plc was rejected by a U.S. appeals court in its effort to prevent Dr. Reddy’s from selling a generic version of Suboxone Film opioid addiction treatment.

🎯 Ashok Leyland :
Company acquired 4,50,005 shares, constituting 11.25 % in the paid-up share capital of Ashley Aviation. 

Edited by Sharp.

4th February, 2019 Morning Brief

Market will open on a negative note today.

U.S. stocks eked out a small gain as a better-than-expected jobs report and signs of progress in trade talks overshadowed a disappointing sales forecast from Amazon.
Asian stocks started the week with modest gains following strong U.S. economic data.

Nifty50 has to surpass it's crucial resistance zone around 11000 level to see more upside otherwise again we can see consolidation or sell off below 10600.

🎯 News & Impact 🎯

Listing Today: Xelpmoc Design and Tech

Results Updates :

🎯 Titan (Q3, YoY) :
Net sales up 34 % at Rs.5,672 crore.
Ebitda up 30.8 % at Rs.585 crore.
Ebitda margin at 10.3 % versus 10.5 %.
Profit up 35 % at Rs.416 crore.
Positive for the stock. 👍

🎯 Equitas Holding (Q3, YoY) :
Net interest income up 37 % at Rs.320 crore.
Net profit at Rs. 62.5 crore versus net loss of Rs. 30 crore. Advances up 41 % at Rs.10,861 crore.
Positive for the stock. 👍

🎯 Divi’s Lab (Q3, YoY) :
Revenue up 29.4 % at Rs.1,343 crore.
Ebitda up 60 % at Rs.523 crore.
Ebitda margin at 39 % versus 31.4 %.
Net profit up 67 % at Rs.380 crore.

🎯 BEML (Q3, YoY) :
Revenue up 26.4 % at Rs.924 crore.
Ebitda up 84 % at Rs.75.8 crore.
Ebitda margin at 8.2 % versus 5.6 %.
Net profit up 168 % at Rs.44.7 crore.
Positive for the stock. 👍

🎯 Tech Mahindra :
Company's board approved the acquisition of 100 percent stake in Netherland-based company Dynacommerce Holding for 4.39 million euros.

🎯 Wipro :
Company launched digital solution for television receivers and antennas. It partnered with U.S.-based firm ‘Airwavz.tv’ to cater to the needs of OEMs, ODMs and semiconductor companies.

🎯 Newgen Software Technologies :
Company announced global strategic alliance with Kodak Alaris for providing digital solutions.

🎯 Apollo Microsystems :
Company entered into an agreement with Israel-based company ‘Steadycopter’ to market and promote unmanned aerial vehicles in India.

🎯 Godrej Properties :
Company to develop six new projects in Pune.

🎯 DHFL : 
Care Ratings downgraded Rs 1.2 lakh crore worth of bonds, loans and deposits issued by Dewan Housing Finance.
Negative for the stock.

Edited by Sharp.