5th March, 2019 Morning Brief

Market will open on a flat note today after a long weekend.

Wall Street’s major indexes fell on Monday, weighed down by a weak US construction spending report and declines in healthcare shares.

The Nifty has been trading broadly in a tight range of 11,050-10,600 for last three months, whereby it has to surpass crucial resistance of 11100 for heading northward.

🎯 News & Impact 🎯

Feb Auto Sales :

🎯 Eicher Motors :
Company sales down 14 % at 62,630 units.
Exports up 49 % at 2,564 units. 

🎯 TVS Motor :
Company sales up 3 % at 2.99 lakh units. Exports up 14 % at 66,570 units.

🎯 Hero MotoCorp :
Company sales down 2 % at 6.1 lakh units.

🎯 Tata Motors :
Company's domestic sales down 3 % at 57,221 units. 
Exports down 39 % at 2,930 units.

🎯 VST Tillers Tractors :
Power Tillers sales down 41 % at 1,495 units.

🎯 Force Motors sales down 13.4 % to 2,563 units.

🎯 Indraprastha Gas :
Company has received PNGRB letter for development of city gas distribution network for 6 districts.

🎯 Cochin Shipyard :
Company signed a contract with JSW arm for construction and delivery of four Mini Bulk Carriers. 

🎯 Coal India :
Company's production up 6.5 percent at 58.05MT versus 54.48MT. Offtake up 3 percent at 51.45MT versus 49.94MT.

🎯 HT Media :
Company acquired 48.6 percent stake in Next Radio for Rs.171 crore. 

🎯 Aster DM Healthcare :
Company increased stake in Malabar Institute of Medical Sciences by 2.54 percent to 73.22 percent for Rs 44.8 crore.

🎯 JSW Steel :
Company signed an advance payment and supply agreement with Duferco International Trading Holding of $700 million for five years.

🎯 The Indian Hume Pipe :
Company received three Letters of Intent related to different works worth Rs. 187.06 crore from Vidarbha Irrigation Development Corporation, Nagpur.

🎯 Mishra Dhatu Nigam :
Company won an order worth Rs.475 crore. The order book stands at Rs 1,800 crore.

🎯 Philips Carbon Black :
Company has plans to increase capacity by 2,38,000 MTPA by 2021.

🎯 Talwalkars Healthclubs :
Company's various promoters pledged 13.86 %.
Negative for the stock.

🎯 Reliance Infrastructure :
Company's lenders sold 82.8 lakh shares (3.15 percent) of promoter from Feb 25 to March 1.
Negative for the stock.

🎯 Reliance Power :
Company's lenders sold 5.6 crore shares (2 percent) of promoter.
Negative for the stock.

🎯 Delta Corp :
Company to invest Rs.15.5 crore in Halaplay Technologies in two tranches for 15.52 % stake. Separately its subsidiary will transfer its online fantasy gaming business to Halaplay for 4.03 % stake. 

🎯 Hindustan Oil Exploration Company :
Company won a contract to operate and develop an oil block in North East in consortium with Indian Oil Corporation Limited (IOC) under the Discovered Small Field Policy Bid Round II. HOEC’s stake in the block will be 10 % and IOC will hold 90 %.

🎯 NLC India :
Company commissioned 200 MW of Solar PV Power Projects in Tamil Nadu.

🎯 Spencer Retail :
Spencer Retail's promoter group company acquired 10 lakh equity shares (1.26 %).

🎯 Kolte Patil Developers :
Company to invest Rs.70 crore in its subsidiary which is developing its township project, Life Republic in Pune.

🎯 HFCL :
Company bagged order for Rs.527.44 crore from Jharkhand Communication Network Limited for implementing Bharat Net Phase-11 in the State of Jharkhand. 

🎯 Reliance :
Company to invest Rs.22 crore in C-Square Info Solutions.
Company to invest Rs.106 crore in Grab A Grub Services.

🎯 Stock Broking Firms :
SEBI board approved reduction in fees payable by brokers by 33.33 % from Rs.15 per crore of transactions to Rs.10, while the same for agri-commodity derivative transactions would be reduced sharply by 93.33 % from Rs.15 to just Re.1.
Positive for stock broking stocks. 👍

🎯 L & T Infotech :
Company completed acquisition of 100% shareholding of Nielsen+Partner Unternehmensberater GmbH, Hamburg, Germany.

🎯 Karnataka Bank :
RBI levied an aggregate penalty of Rs.4 crore on the bank.

🎯 Sterlite Tech :
Company wins Intertek’s (US) Zero Waste to Landfill certification for its optical fibre cable manufacturing plant in Rakholi, Silvassa.

🎯 BHEL :
Company installs first Solar Electric Vehicle (EV) Charging Station in the upcoming network of Charging Stations on Delhi-Chandigarh highway.

🎯 Auropharma :
Company completed the acquisition of seven marketed oncology injectable products, intellectual property and commercial infrastructure from US-based Spectrum Pharmaceuticals.

🎯 Take Solutions :
Company announced mergers of step-down subsidiaries in USA.
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