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.