Monday, 25 February 2019

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.

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