28th March, 2019 Morning Brief

Market will open on a flat note today after a volatile session yesterday.

US economic slowdown fear was the reason in declined US markets yesterday as well as Asian indices in the morning.

Nifty witnessed resistance around 11550 as said before. 11420 and 11550 are the immediate support and resistance levels for today's session which is the expiry of the derivatives contract expiry of the March month.

🎯 News & Impact 🎯

🎯 NBCC :
Company received infrastructure orders worth Rs.1,003 crore for five development projects across the country.
Positive for the stock. 👍

🎯 Unichem Laboratories :
Company received final ANDA approval from the U.S. FDA for its Tadafil tablets which is used to treat impotency related issues.
Positive for the stock. 👍

🎯 Mcleod Russel :
Company completed the sale of its Rwandan arm to Rwanda Tea Investment. 

🎯 Strides Pharma :
Strides Pharma Science board approved divestment of Australia Business for transactions up to Rs.500 crore with Solara Active Pharma Sciences in each financial year, starting from financial year 2019.

🎯 Godrej Agrovet :
Company acquired an additional 1.1 % stake in its joint venture Godrej Tyson Foods, increasing its total shareholding in same to 51 %. 

🎯 Dabur :
Company said it will dissolve its step-down subsidiary ‘Dabur Tunisie’ by December 2019.

🎯 Mahindra & Mahindra Financial Services :
Company increased its stake from 88.75 % to 98.43 % in Mahindra Rural Housing Finance for Rs.286.78 crore.

🎯 Lumax Industries :
Company said it will commence in-house manufacturing of PCBs for lighting components with effect from April 1.

🎯 Som Distilleries & Breweries :
Stock split from FV Rs. 10 to Rs. 5.

🎯 Bharat Financial Inclusion :
Company completed ninth direct assignment of Rs.1,529 crore. 

🎯 Nelco :
Company board approved sale of company’s entire stake of 12.3 % in Nelito Systems to Japan’s DTS Corporation for Rs.6.77 crores.

🎯 Khadim India :
UTI MF acquired 3.7 lakh shares or 2.06 percent equity at Rs.436.7 each.

🎯 Marathon Nextgen Realty :
Board approved acquisition of 100 % equity of 'Marathon Nextgen Townships Pvt Ltd' (MNTP).

🎯 Lloyds Metal & Energy :
The company has been conferred the status of mega project under Package Scheme of Incentives - 2013 and received approval for incentives or facilities from Industries, Energy and Labour Department of Government of Maharashtra in respect to the proposed mineral based steel plant at Konsari, Gadchorioli.

🎯 United Breweries :
Heiniken Group Increased its stake in the company from 43.73 % to 46.53 %.

🎯 JSW Energy :
Company promoters created pledge of 9.2 crore shares from March 25-26.
Negative for the stock.

🎯 Adani Transmission :
Company promoter group Gautam Adani created pledge of 2.8 crore shares on March 25.
Negative for the stock.
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Edited by Sharp.