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.