30th April, 2019 Morning Brief

Market will open on a flat note today after an extended weekend.

Asian stocks declined in early trading Tuesday ahead of key China data that will provide clues on global economic growth.

U.S. stocks rose above their record high at the start of a week packed with data that will provide clues on global economic growth. The U.S. Fed’s rate decision is on Wednesday.

🎯 News & Impact 🎯

Major Results Today :
Kotak Bank, Ambuja, Canfinhomes

Results Updates :

🎯 Hero MotoCorp (Q4, YoY)
Revenue down 7.9 % to Rs.7,885 crore. Net profit down 24.5 % to Rs.730.3 crore.
Negative for the stock.

🎯 Yes Bank (Q4, YoY) :
Net Interest Income up 16 % to Rs. 2,505.93 crore.
Net loss at Rs.1,506 crore versus net profit to Rs.1,179 crore.

🎯 HDFC AMC (Q4, YoY) :
Revenue up 3.8 % to Rs.486.50 crore.
Net Income up 60 % to Rs.276.17 crore.

🎯 Reliance Nippon (Q4, YoY) :
Revenue down 22 % to Rs.343.2 crore.
Total expenses down 35 % to Rs.185 crore.
Net profit up 31.6 % to Rs.152.1 crore.

🎯 Sudarshan Chemical :
Company completed the divestment of its Industrial Mixing Solutions Division to GMM Pfaudler.

🎯 Eclerx Services : 
Board determined the buyback price at Rs 1,500 per share for 17.46 lakh shares, or 4.52 percent of total equity capital, aggregating to Rs.262 crore.

🎯 Dr. Lal Pathlabs :
Received show-cause notice (dated April 22) from the GST department, demanding for a service tax of Rs 229.51 crore from services provided from October 2013 to June 2017.

🎯 Texmaco Rail & Engineering :
Board said that the NCLT approved amalgamation between the company, Texmaco Hitech and Bright Power.

🎯 NIIT Technologies :
CCI approved acquisition of share capital of NIIT Technologies by Hulst BV.

🎯 Garden Reach Shipbuilders :
Company awarded contract for construction and delivery of eight ASW Swallow Water Craft valuing around Rs. 6,311.32 crore under fixed price basis.

🎯 NHPC :
Company signed a Memorandum of Understanding (MoU) with Indian Army to undertake construction of semi underground bunkers and fully underground caverns at different locations in India.

🎯 Thyrocare Technologies :
Company promoter group Pavilion Commercial acquired 10,000 shares on April 22.
Positive for the stock. 👍

🎯 NTPC :
Company to start commercial operations at its Gadarwala plant w.e.f. April 30.

🎯 Cipla :
Company receives final approval for generic version of Gilead Sciences, Inc's Letairis.
Positive for the stock. 👍

🎯 OnMobile Global :
Company incorporates subsidiary company OnMobile Bangladesh Technologies.

🎯 Glenmark :
Company launches novel, globally‐researched anti‐diabetes drug Remogliflozin in India.

🎯 Kotakbank :
Kotak Mahindra Investments, a wholly owned subsidiary of Kotak Mahindra Bank, completed the sale of its entire equity stake in Matrix Business Services India.

🎯 Shankara Building Products :
Company approved partial sale of assets including land, building and equipment of Taurus Value Steel & Pipes.

🎯 Precision Camshafts :
Company approved to initiate liquidation of a wholly owned subsidiary company PCL (Shanghai) Co.

🎯 JSW Energy :
Company secured a purchase order from Telangana State Discoms of 300 MW.

🎯 TVS Motors :
Company to invest Rs.63,268 in Altizon Systems.

🎯 Apollo Tyres :
Company promoter group Motley Finance created pledge of 41.25 lakh shares and revoked pledge of 38.5 lakh shares and promoter group Apollo Finance revoked pledge of 35 lakh shares from April 22-24.

🎯 Emami :
Promoter group Bhanu Vyapaar created pledge of 16.7 lakh shares on April 22-23.
Negative for the stock.

🎯 Sun Pharma :
Company promoter group Shanghvi Finance revoked pledge of 43.75 lakh shares on April 25.
Positive for the stock. 👍

🎯 Forbes & Company promoter Shapoorji Pallonji created pledge of 33.53 lakh shares on April 25.

🎯 GATI :
Company promoter group Mahendra Kumar Agarwal and Sons HUF invoked pledge of 55,000 shares on April 23.
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Edited by Sharp.

26th April 2019, Morning Brief

Market will open on a positive note today after last hour slide witnessed yesterday.

US markets ended mixed yesterday.

Worry about rising crude oil prices and INR loosing strength against US dollar pushed indices into negative zone yesterday.

🎯 News & Impact 🎯

Major Results Today :

Yes Bank, Hero MotoCorp, HDFC AMC, HDFC Life.

Results Updates :

🎯 Axis Bank (Q4, YoY) :
Net interest income up 20.6 % to Rs. 5,705.59 crore.
Net profit at Rs.1,505.06 crore versus net loss of Rs.2,188 crore.
Gross NPAs at 5.26 % versus 5.75 %. (QoQ).

🎯 Biocon (Q4 Consolidated, YoY) :
Revenue up 30.7 % to Rs.1,528.8 crore.
Net profit up 63.9 % to Rs.213.7 crore.
Positive for the stock. 👍

🎯 GHCL Standalone (Q4, YoY) :
Revenue up 26.2 % to Rs.911.3 crore.
Net profit up 44.3 % to Rs.118.6 crore.
Positive for the stock. 👍

🎯 SBI Life Insurance (Q4, YoY) :
Net Premium Income up 23 % to Rs. 11,333 crore.
Net profit up 20 % to Rs.457.7 crore.
Positive for the stock. 👍

🎯 Tata Steel (Q4 Consolidated, YoY) :
Revenue up 25.9 % to Rs.4,2423.9 crore.
Net profit down 76.1 % to Rs.2,431 crore.

🎯 Tata Steel :
Board approved merger of Bamnipal Steel and Tata Steel BSL into the company by way of amalgamation in ratio of 1:15.

🎯 Apcotex Industries : 
Board approved share split from face value of Rs.5 to Rs. 2 per share. 

🎯 CES :
Company approved to acquire further 30% stake in one of subsidiary CES Global IT Solutions.

🎯 Sun Pharma :
Promoter group Shanghvi Finance revoked pledge of 1.25 crore shares on April 9.
Positive for the stock. 👍

🎯 Sobha :
Company promoter PNC Menon revoked pledge of 1 crore shares and created a pledge of 1 crore shares from April 22-23.
Positive for the stock. 👍

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Edited by Sharp.

25th April, 2019 Morning Brief

Market will open on a positive note today after a smart bounce back witnessed on yesterday.

Asian shares traded mixed today morning  after U.S. equities retreated from a record high.
U.S. markets edged lower from Tuesday’s record close as AT&T Inc. and Caterpillar Inc. fell after reporting first-quarter results.

Market shrugged of worries about crude price uproar as IEA clarified in its recent report that oil market is adequately supplied and global spare production capacity remained at comfortable levels.

Market bounced back smartly in last hour of the trade and recovered almost entire losses incurred in last 2 days. 

As exactly mentioned in previous blog, Nifty didn't breach the level of 11550 and  bounced back nearly 155+ points yesterday. Nifty made a bullish candle on the daily chart yesterday. April derivative expiry and other factors may keep traders  busy for today's session.

🎯 News & Impact 🎯

Major Results Today :
Axis Bank, Maruti, Tata Steel, Biocon, Nestlé.

Results Updates :

🎯 Bharti Infratel (Q4 Consolidated QoQ) :
Revenue down 1.1 % to Rs.3,600 crore. Net profit down 6.3 % to Rs.608 crore.

🎯 Indiabulls Housing Finance (Q4 Consolidated YoY) :
Net interest income down 1.1 % to Rs 1,835.1 crore.
Net profit down 6.9 % to Rs.1,001.4 crore.

🎯 FDC :
Company said its non-sterile manufacturing facility in Maharashtra has undergone an inspection by PIC/S Malaysia and it continues to be approved. 

🎯 IPCA Lab :
Company to acquire Ramdev Chemical for Rs.108.5 crore. The target company is engaged in the business of manufacturing and marketing of advanced drug intermediates, fine chemicals, custom synthesis molecules and APIs.

🎯 Thermax :
Mutares sells 49% stake in JV to Thermax.

🎯 Indoco Remedies :
USFDA retains OAI status for Indoco Remedies Goa plant.

🎯 Hotel Leela :
SEBI bars Hotel Leelaventure from selling properties to Brookfield Asset Management.

🎯 Surya Roshni :
Company bags order worth Rs. 2.31bn from Indian Oil 

🎯 Emami :
Company promoter groups invoked pledge of 3 lakh shares on April 20.
Positive for the stock. 👍

🎯 Mercator :
Company promoter Harish Kumar Mittal revoked pledge of 10 lakh shares on October 27, 2018 and invoked pledge 21.5 lakh shares from April 5-10.
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Edited by Sharp.

24th April, 2019 Morning Brief

Market will open on a flat note today after witnessing a slide yesterday in the last hour of trade.

U.S. stock gauges closed at record highs on the back of better-than-forecast earnings while the dollar strengthened and Treasury yields dipped.

Nifty formed another bearish candle after failed to cross 11650 level zone in trading yesterday.

Nifty has immediate support at 11550 and it may bounce back from the level. Failing to sustain above the 11550 zone could drag Nifty towards 11150 level.

Major Results Today :

Bharti Infratel, Indiabulls Housing Finance, UltraTech Cement, ICICI Prudential, Tata Elxsi.

New IPO :
Neogen Chemicals.

Results Updates :

🎯 ACC Q1 :
Profit jumped 38.3 % to Rs.346 crore versus Rs. 250.1 crore,
Revenue grew 8.1 % to Rs.3,919.1 crore versus Rs. 3,624.6 crore YoY.
Positive for the stock. 👍

🎯 Coromandel International (Q4 Consolidated, YoY) :
Revenue up 9.4 % to Rs.2638.1 crore.
Net profit up 23.2 % to Rs.110.4 crore.

🎯 Indiabulls Real Estate (Q4, Consolidated; YoY) :
Revenue down 43 % to Rs.1821.5 crore.
Ebitda down 94 % to Rs.165.8 crore.
Ebitda margin at 9.1 % vs 82.7 %.
Net profit down 95 % to Rs.108.6 crore.

🎯 Sterlite Tech (Q4 Consolidated, YoY) :
Revenue up 111.6 % to Rs.1791.2 crore.
Net profit up 47 % to Rs.165.2 crore.

🎯 Tata Global Beverages Q4 :
Profit fell 61.5 % to Rs.22.9 crore versus Rs. 59.4 crore,
Revenue grew 5.2 % to Rs.1,775.5 crore versus Rs. 1,688.4 crore YoY.
Negative for the stock.

🎯 News & Impact 🎯

🎯 Lupin :
USFDA classifies the inspection of Lupin's Pithampur (Indore) Unit-2 facility as Official Action Indicated (OAI).
Positive for the stock. 👍

🎯 Dhunseri Tea / Tata Global Beverages :
Tata Global Beverages entered into a non-binding term sheet to acquire the branded tea business of Dhunseri Tea & Industries for an aggregate consideration of up to Rs.101 crore. 
Positive for the stock. 👍

🎯 Bandhan Bank / HDFC :
HDFC received the Reserve Bank of India’s nod to acquire up to 9.9 percent stake in Bandhan Bank upon the effective date of the scheme for the amalgamation of its arm Gruh Finance into Bandhan Bank.
Positive for the stock. 👍

🎯 Tata Power :
Company arm sold 32MW operating wind assets in Maharashtra.
Positive for the stock. 👍

🎯 NBCC :
Company signs agreement with Mauritius Government for consultancy on construction of three public buildings. These projects are being funded by Exim Bank of India and the cost of these projects stand at $44 million.

🎯 Dilip Buildcon :
Company arm received appointed date (April 22) by NHAI for HAM project in Maharashtra. The project had received financial closure on March 26 and the project stands at Rs.1029.4 crore.

🎯 UCO Bank :
Bank increases its authorized capital from Rs.6,000 crore to Rs.10,000 crore.

🎯 JSW :
India Tribunal reserved order on JSW’s offer for Bhushan Power. 

🎯 Future Retail :
Company promoter Future Corporate Resources revoked pledge of 66.63 lakh shares on April 18.
Positive for the stock. 👍

🎯 Mercator :
Company promoter and director Harish Kumar Mittal invoked pledge of 50.15 lakh shares from April 15-22.
Positive for the stock. 👍
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Edited by Sharp.

23rd April 2019, Morning Brief

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

A rise in crude oil was one of the top factors that not only weighed on Indian markets but most of the Asian markets. Oil prices that touched a 5-month peak spiked on reports that the US was likely to ask all importers of Iranian oil to end their purchases or face sanctions.

U.S. equity indices closed mix in light volume as investors prepared for a deluge of earnings news. Oil jumped after the White House said it will scrap waivers that allow the purchase of some Iranian crude.

Reuters in a report said that Brent futures rallied to a five-month high after the Washington Post.

Nifty has an immediate support at 11550. If Nifty decisively closes below 11550 then it can be considered as exhaustion after making new high and it will stay rangebound or may slide upto the levels of 11050 & 11180.

🎯 News & Impact 🎯

Major Results Today :

ACC, Indiabulls Real Estate.

Results Updates :

AU Small Finance Bank (Q4, YoY)
Net Interest Income up 34.9 % to Rs.386.9 crore.
Net profit up 42.4 % to Rs.118.2 crore.

🎯 Essel Propack :
Blackstone Group will buy a controlling stake in Essel Propack Ltd., a company promoted by Ashok Goel, the younger brother of Subhash Chandra who’s the promoter of the Essel Group companies such as Zee Entertainment Enterprises Ltd.

🎯 IL&FS / GAIL :
Gail emerged as the highest bidder for IL&FS wind energy assets, offers Rs. 4,800 crore portfolio of wind assets.

🎯 Mcleod Russel :
Company executed sale agreement for specified assets from its three estates to Luxmi Tea for Rs.150.45 crore.

🎯 Biocon :
Company said it will consider issuing of bonus shares on April 25.
Positive for the stock. 👍

🎯 Suven Life Sciences :
Company completed purchase of assets of Rising Pharmaceuticals through its joint venture partner Shore Suven Pharma.

🎯 Symphony :
Company surrendered lease rights of its Surat SEZ unit for Rs.3.5 crore on April 5.

🎯 TCS :
Company to provide digital solutions to India Post.
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Edited by Sharp.

22nd April, 2019 Morning Brief

Market will open with a flat note after negative closing on Thursday because of profit booking on higher level and because of rising crude oil prices on Iran sanction reports.

Industrials led the S&P 500 and the Dow moderately higher on Thursday after robust US economic data and some healthy corporate earnings reports. 

Nifty formed a Dark Cloud Cover bearish candle on the last day of the small 3 days' week. Volatility will be in charge in coming weeks as Q4 results and voting in different constituencies go on. Stock specific movement can be benefited.

🎯 News & Impact 🎯

Results Updates :

🎯 Reliance Industries (Q4 Standalone, QoQ)
Revenue seen down 16.5 % to Rs 83,597 crore.Ebitda down 5.5 percent to Rs 13,704 crore.Ebitda margin at 16.4 percent versus 14.5 percent.Net profit down 4.2 percent to Rs 8,556.Declares a dividend of Rs 6.5 per share.GRM down 7 percent to $8.2/bbl versus $8.8/bbl.
Reliance Jio (Q4 QoQ)
Revenue up 7 % at Rs.11,106 crore.
Ebitda seen 6.8 % up at Rs.4,326 crore.
Ebitda margin flat at 39 %.
Net profit up 1.1 % at Rs.840 crore.
ARPU seen 3 % down to Rs.126 versus Rs.130.

🎯 HDFC Bank Q4 :
Net profit rises 22.6 % to Rs.5,885.1 crore, Net interest income increases 22.8 % to Rs.13,089.5 crore YoY.
Positive for the stock. 👍

🎯 Shilpa Medicare :
Company Received U.S. FDA approval for Busulfan Injection which is used in the treatment of patients with chronic myelogenous leukemia. 
Positive for the stock. 👍

🎯 Dr Reddy’s Laboratories :
Company said the U.S. FDA classified inspection in Andhra Pradesh’s formulations plant as Voluntary Action Initiated. On Jan. 15, U.S. FDA had issued form 483 with four observations for this plant in its audit.

🎯 Spicejet :
Emirates sign MoU for codeshare partnership.

🎯 Asian Granito :
Company entered the sanitaryware segment with 160 SKUs in products including Wash Basins, Water Closets, Urinals, etc. The company will invest Rs 8 crore for expansion in this segment and the expects this business to have a turnover of Rs. 80-100 crore over the next 4-5 years.

🎯 Borosil Glassworks :
Company made additional investment of Rs.5 crore its arm ‘Klasspack’.

🎯 Coal India :
Company to ask power plants to cut coal imports.

🎯 ITC :
Company sought hike on wood imports to 10 %.

🎯 Adani Power :
Company withdrew offer to acquire KSK Mahanadi.

🎯 Skootr :
Company took a 22,000 sq. ft office space on lease from DLF.

🎯 VK Power & Infra :
Company arm signed an agreement with Abu Dhabi Investment Authority and National Investment & Infrastructure Fun for investment in new shares in the Group’s airports holding company equating to a 49 % stake. 

🎯 Exide Industries :
Company entered into an agreement with three SPVs to acquire a minimum of 26 percent stake in each the entities.

🎯 Polyplex Corporation :
Company's Thailand arm received civil monetary penalty order from regulatory authorities in connection with alleged trading violations. The penalty amounts to around Rs.12.2 crore.

🎯 SREI Infra Finance arm and Bank of Baroda :
Both announced a strategic alliance to offer joint loans for infra equipment under a co-lending arrangement.

🎯 Cyient :
Company launched digital health care solutions for the Indian market in collaboration with Xynteo.

🎯 L&T and Schneider :
CCI approved L&T’s deal with Schneider and Macritchie, subject to compliance of certain modifications.

🎯 DHFL :
CCI approved acquisition by PGLH (of Delaware Inc.) of 50 % shareholding in each of DHFL Pramerica Asset Managers and DHFL Pramerica Trustees and sole control over DHFL Pramerica Mutual Fund.

🎯 Adani Enterprises :
Wholly owned subsidiary – Adani Defence Systems and Technologies Ltd. – acquired control of Alpha Design Technologies Pvt. Ltd. which is involved in aerospace and defence activities. 

🎯 Borosil Glass Works :
Company made an additional investment in Klass Pack, a subsidiary company.

🎯 Gravita India :
Gravita Tanzania commences commercial production of lead from its plant situated at Tanzania, East Africa.

🎯 Zee Entertainment Enterprises : Company promoter Cyquator Media Services revoked pledge of 39.64 lakh shares from Feb. 26 to March 30.

🎯 Gati :
Company promoter group Manish Agarwal Benefit Trust invoked pledge of 7.6 lakh shares on April 12.
Positive for the stock. 👍

🎯 Mcnally Bharat :
Company promoter EMC invoked pledge of 15.65 lakh shares from Feb. 22-28.
Positive for the stock. 👍

🎯 Max Financial Services :
Promoter group Max Ventures Investment Holdings created pledge of 4.25 lakh shares on April 15.
Negative for the stock.

🎯 Adani Ports & SEZ :
Promoter group Gautam Adani and Rajesh Adani revoked pledge of 2.39 crore shares on April 15.
Positive for the stock. 👍
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Edited by Sharp.

18th April, 2019 Morning Brief

Market has opened on a positive note.

Market has shrugged off a lacklustre global cues but a better monsoon outlook from IMD provided relief to investors who became nervous after Skymet's below average rainfall forecast this year. The Street is also building hopes of further rate cuts to reverse the economic slowdown.

Nifty forms bullish candle to end at a record closing high and now it is interesting to see whether this can lead the rally to cast out it beyond 12000 level or not.

🎯 News & Impact 🎯

Major Results Today :
Reliance Industries

🎯 Jet Airways :
Suspended operations after it failed to secure a bailout.
Negative for the stock.

🎯 Wipro :
Company to buyback 32.31 crore shares, or 5.35 percent equity at a price of Rs.325 per share aggregating to Rs.10,500 crore. 

🎯 Cipla :
Company's South African arm signed an agreement to acquire 30 percent stake in Brandmed for ZAR 65 million and milestone payment to be paid over a period of three years. Deal is expected to close by May 31.

🎯 Reliance :
Mitsui O.S.K. Lines Ltd. to acquire strategic stake in six group companies (each owning a Very Large Ethane Carrier) of the company.

🎯 HT Media :
Company increased its stake to 51 % in Next Media Works, by holding 3.41 crore shares in the target company.

🎯 Hindalco :
Subsidiary Novelis to supply aluminum sheets for Toyota RAV4.

🎯 Ashoka Builcon :
Company received an order worth Rs. 443.23 crore from RVNL with a completion period of 36 months.

🎯 Quess Corp :
Company’s subsidiary CBSL to acquire Allsec Technologies. 

🎯

17th April, 2019 Morning Brief

Market will remain closed today.

A better monsoon outlook from IMD provided relief to investors who had become nervous after Skymet's below average rainfall. India’s merchandise exports rose to a five-month high of 11.02 percent in March 2019 as compared to same period of last year, on account of higher growth mainly in pharma, chemicals and engineering sectors, expecting another 0.25% rate cut from RBI.

Nifty has made bullish candle on the daily chart yesterday giving a breakout above it's double top formation ie 28th August and recent high.

Today's global markets will set a path for tomorrow's opening.

16th April, 2019 Morning Brief

Market will open on a positive note today.

Underwhelming bank earnings curbed investor enthusiasm in US markets to end all three indices to settle with a minor losses.

IMD's forecast of near normal monsoon may ease the concern over inflation. IMD's first official long-range forecast indicates `near normal' South-West monsoon which would come as a relief to the Street after Skymet predicted below normal monsoon due to developing El Nino.
Nifty 50 inched up yesterday towards 11700 mark and formed a bullish candle on the daily chart. It will be interesting to see whether the bulls can absorb the selling pressure on highest level and sustains above 11760 level or again it will test the high and collapses.

🎯 News & Impact 🎯

Major Results Today : Wipro

New Listing : Polycab

🎯 TCS :
Zions Bancorporation unifies lending operations with TCS BaNCS.

🎯 Prestige Estates :
Company buys balance 51 % share in Babji Realtors Private Limited through subsidiary company for Rs.364 crore.

🎯 Deepak Fertilizers :
Company commences commercial production of nitric acid plant at Dahej, Gujarat. Facility to cost approximately Rs 550 crore.

🎯 DrReddy :
Company received Establishment Inspection Report (BIR) from USFDA, for its formulations manufacturing plant - 3 at Bachupally, Hyderabad.

🎯 Cipla :
Company''s wholly owned subsidiary in USA i.e. Cipla Technologies LLC has signed the definitive agreement with Pulmatrix Inc for the development and commercialisation of Pulmazole, an inhaled iSPERSE formulation of the antifungal drug itraconazole for the treatment of allergic bronchopulmonary aspergillosis (ABPA) in patients with asthma.

🎯 Dynamatic Technologies :
Company launched TEJAS MA|N FUSELAGE ASSEMBLY for Hindustan Aeronautics.

🎯 Suven Life sciences :
Board approved the enhancement of investment limits in subsidiary in USA Suven Neurosciences, Inc. from $25 million upto $50 million to undertake clinical trials on the molecules in the pipeline.

🎯 Cyient :
Company rolled out a portfolio of services and solutions that help communication service providers (CSPs) expedite 5G network rollouts globally.

🎯 Majesco :
Company unveils Majesco P&C core suite version 11.

15th April, 2019 Morning Brief

Market will open on a flat note today.

India's factory output growth dropped to a 20-month low in February in a worrying sign for the country's growth prospects.

Data released by the statistics office on Friday showed factory output at 0.1 % in February, against 1.4 % in the previous month.

India's retail inflation stood at 2.86 % in March, higher than previous month's 2.57 %, on account of increase in prices of food articles and fuel, but it is still below RBI comforts level of 4 %.

U.S. stocks rose amid solid bank earnings and a major deal in the energy sector. Asian stocks began the week on a mostly positive note after earnings and Chinese economic data eased concerns about a slowdown in global growth Friday.

For the last 10 trading sessions, Nifty has been consolidating in the range of 11550 to 11,760. As stated earlier also, breakout of this range would give the signal of fresh momentum in the market.

Lising Today :
Metropolis Healthcare 

Results Updates :

🎯 Infosys Q4 (QoQ) :
Revenue up 0.6 % to Rs.21,539 crore. Dollar revenue up 2.4 % to $3,060 million. Net profit (adjusted) up 2.2 % to Rs.4,078 crore.
EBIT down 4.4 % to Rs.4,618 crore.

🎯 TCS Q4 (QoQ) :
Dollar revenue up 2.8 % to $5,397 million. Revenue up 1.8 % to Rs.38,010 crore.
Net profit up 0.3 % to Rs.8,126 crore.
EBIT down 0.2 % to Rs.9,537 crore.
EBIT margin at 25.1 % versus 25.6 %.

🎯 News & Impact 🎯

🎯 Dr. Reddy's Laboratories :
Company entered into a definitive agreement to acquire a portfolio of 42 approved, non-marketed Abbreviated New Drug Applications (ANDAs) in the U.S. 
Positive for the stock. 👍

🎯 Wockhardt :
USFDA issues no observation for company's bioequivalence centre at Aurangabad.

🎯 McLeod Russel India :
Wholly owned subsidiary to sell remaining 50 % stake in Pfunda Tea Company to Rwanda Tea Investments for $7.87 million (Rs.54.5 crore).

🎯 Eric Life Sciences :
Company pre-paid the entire loan facility obtained from Axis Bank.
Positive for the stock. 👍

🎯 Adani Power :
India’s power regulator has allowed Adani Power’s Mundra thermal power unit to pass on higher cost of imported coal that had made the project unviable.
Negative for the stock.

🎯 Suven Life Sciences :
Company receives court approval of 'Stalking Horse' Agreement to buy the assets of Rising Pharmaceuticals through its joint venture partner, Shore Suven Pharma Inc.

🎯 Jet Airways :
SBICAP Trustee has acquired 5.19 % stake, or 58.96 lakh shares in the company after a pledge of shares via encumbrance on April 11. 

🎯 Dixon Technologies :
Company has acquired a 50 % stake in Padget Electronics for Rs.27 crore. The target company is into manufacturing of mobile phones. 

🎯 Dilip Buildcon :
Company arm’s HAM project in Maharashtra received financial closure on April 11.

🎯 APL Apollo Tubes / Shankara Building Products :
Apollo tubes is set to acquire a production unit of Shankara Building Products’ arm in Hyderabad for Rs.70 crore. 

🎯 GMM Pfaudler / Sudarshan Chemicals :
GMM executed a definitive agreement for acquisition of the Industrial Mixing Solutions Division of Sudarshan Chemical Industries for Rs.29 crore.

🎯 Bajaj Consumer :
Bajaj Consumer Care’s promoter Bajaj Resources revoked pledge of 81.34 lakh shares on April 10.
Positive for the stock. 👍

🎯 Adani Enterprises :
Company’s promoter group Gautam Adani revoked pledge of 11 lakh shares on March 29-April 10.
Positive for the stock. 👍

🎯 Adani Ports & SEZ :
Company's promoter Gautam Adani revoked pledge of 4 lakh shares on April 10.
Positive for the stock. 👍

🎯 Zee Learning :
Company’s promoters Jayneer Infrapower and Multiventures revoked pledge of 25.84 lakh shares from March 29-30.
Positive for the stock. 👍

🎯 Future Retail :
Company’s promoter Future Corporate Resources revoked pledge of 5.63 lakh shares and created pledge of 16.25 lakh shares from March 29-April 1.
Negative for the stock.

🎯 Gati :
Company’s promoter groups invoked 25.15 lakh shares on April 2.
Positive for the stock. 👍

🎯 Coffee Day Enterprises :
Company pledged 20 % of its shares in Mindtree to IDBI Trusteeship.
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Edited by Sharp.

12th April, 2019 Morning Brief

Market will open on a flat - positive note today after a volatile session witnessed by a recovery on yesterday.

US markets ended mixed with a consolidation as stronger US economic data helped offset some concerns about global growth and Asian market as well.

Nifty has formed a small bullish Doji typed candle on the daily chart yesterday. Unless the index emerges out of the trading range which appears to be 11,770–11,550, a directional move can't be witnessed. IT majors will kick start result session in true sense from today which will keep market traders active.

🎯 News & Impact 🎯

Major Results Today :

TCS, Infy

🎯 Cipla :
Company launches Niveoli, India's first extrafine ICS-LABA combination HFA inhale.

🎯 Jet Airways :
Etihad Airways submits expression of interest to acquire substantial stake up to 49 % in company.

🎯 Lumax Industries :
Company started a commercial production of PCB from its Haryana Plant with effect from April 11.

🎯 Lumax Auto :
signed a joint venture agreement with Jopp Holding JmbH, Germany for manufacturing and sale of the automotive components.

🎯 Narayana Hrudayalaya :
Company has incorporated a wholly owned subsidiary company Narayana Health North America LLC in the State of Delaware, United States of America.

🎯 Coromandel International :
ICICI Prudential reduced stake in Coromandel International by 2.03 %.

🎯 Pasupati Acrylon :
Company has successfully commenced commercial production of second Line of cast Polypropylene Film.

🎯 AGC Networks :
Company entered into agreement to acquire 100 percent stake in COPC Holdings for $5.5 million. 

🎯 HT Media :
Company acquired 14.18 % stake in Next Mediaworks. 

🎯 DB Corp :
Promoter group DB Consolidated revoked pledge of 11 lakh shares on April 9.
Positive for the stock. 👍

🎯 Max Financial Services :
Promoter group Max Ventures Holdings revoked pledge of 3.67 lakh shares on April 9.
Positive for the stock. 👍

🎯 Bajaj Consumer Care :
Promoter Bajaj Resources created pledge of 86.83 lakh shares from April 2-5.
Negative for the stock.

🎯 Adani Transmission :
Promoter group Gautam Adani revoked pledge of 2.8 crore shares on April 10.
Positive for the stock. 👍

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp

11th April, 2019 Morning Brief

Market will open on a flat note today.

The Federal Reserve is likely to leave interest rates unchanged this year which supported US markets to claim gain.

After showing a minor upside bounce in the last session, the Nifty slipped into weakness and closed the day lower on yesterday. Nifty may take support around 11510 - 11550 levels' zone in coming sessions if we consider that bulls have not given up yet. Further, the trend of the market is likely to be dictated by domestic events like Q4FY19 earnings season, domestic macro data (IIP & CPI)& election poll results and it's outcome.

🎯 News & Impact 🎯

Listing Today :
Rail Vikas Nigam, Cox & King Financial Services.

🎯 Wockhardt :
Company received U.S. FDA approval for generic version of Dacogen, which is used to treat certain forms of cancer. 
Positive for the stock. 👍

🎯 Welspun Corp :
Company received additional pipe orders of 180KMT on a global basis. 

🎯 TCS :
Company partnered with Google Cloud to build digital solutions.

🎯 Kansai Nerolac Paints :
Company completed acquisition of Perma Construction Aids.

🎯 NBCC :
Company said that it secured orders worth Rs.3,031.7 crore in March.

🎯 Confidence Petroleum India :
Company said that it has received license for ten more auto LPG Dispensing Stations taking the number from 186 stations to 196 stations.

🎯 Info Edge :
Company increased stake in Gramophone to 37.2 % for Rs.14 crore.

🎯 Shoppers Stop :
Company opened a new store in Guwahati.

🎯 Tanla Solutions :
Company completed the acquisition of Karix Mobile as per the signed share purchase agreement.

🎯 Sobha :
Sobha Developers wholly owned subsidiary of Sobha has acquired 100 % equity shares of Sobha Interiors.

🎯 Adani Ports & SEZ :
Company promoter group Gautam Adani revoked pledge of 10 lakh shares on April 8.
Positive for the stock. 👍

🎯 Emami :
Company promoters revoked pledge of 37 lakh shares on April 8.
Positive for the stock. 👍

🎯 Sun Pharma :
Company promoter group revoked pledge of 1.25 crore shares via off-market transaction on April 9.
Positive for the stock. 👍

🎯 Adani Transmission :
Company promoter group Gautam Adani revoked pledge of 2 lakh shares on April 8.
Positive for the stock. 👍

🎯 Ashok Leyland :
Company promoter Hinduja Automotive created pledge of 3.9 crore shares on April 8.

🎯 Olectra Greentech :
Company promoter Trinity Infraventures created pledge of 19 lakh shares on April 9.
Negative for the stock.

🎯 Sanghi Industries :
Company promoter Ravi Sanghi created pledge of 15.64 lakh shares on April 8.
Negative for the stock.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

10th April, 2019 Morning Brief

Market will open on negative side after a bounce-back on yesterday.

US as well as Asian markets were under pressure on renewed concerns about slowing global growth and an escalation of trade tensions which resulted into higher treasury yield.

The rupee on Tuesday strengthened by 37 paise to close at 69.30 against the US dollar in line with firming Asian currencies and sustained foreign fund inflows which led to bounce back in Indian equity market. Nifty will have resistance at 11700 to 11770 zone where we have witnessed selling pressure in last few sessions. Similarly, 11550 can act as a good support for the near term. Anyside breach of above levels can give another 200 points of momentum immediately.

🎯 News & Impact 🎯

🎯 Praj Industries :
Company signed a construction license agreement with the U.S. based ‘Gevo’ to commercialize technology for production of lsobutanol using sugary-based feedstocks, such as juice, syrup and molasses.

🎯 Tata Sponge Iron :
Company completed the acquisition of steel business including captive power plants of Usha Martin, pursuant to cash consideration of Rs 4,094 crore to Usha Martin. 

🎯 JSW Steel :
Gagandeep Credit Capital increased its stake in the company from 1.91 % to 1.97 %, by acquiring additional 15 lakh shares.

🎯 Panacea Biotec :
Company has done one-time settlement with consortium lenders to resolve the current debt situation of the company. 

🎯 Mahindra CIE Automotive :
Company said that it completed 100 percent acquisition of Aurangabad Electricals.

🎯 M&M :
Ford Motor Co is nearing a deal with Mahindra & Mahindra to form a new joint-venture company in India, a move that will see the U.S. automaker cease its independent operations in the country.

🎯 Max Financial Services :
Promoter group Max Ventures Investment Holdings created pledge of 23.3 lakh shares on April 4.
Negative for the stock.

🎯 Ashok Leyland :
Promoter Hinduja Automotive created pledge of 3.9 crore shares on April 8.
Negative for the stock.

🎯 Adani Enterprises :
Promoter group Gautam Adani revoked pledge of 23.2 lakh shares on April 5.
Positive for the stock. 👍

🎯 Emami :
Promoter groups released pledge of 12.77 lakh shares on April 5.
Positive for the stock. 👍

🎯 Bajaj Consumer Care :
Promoter Bajaj Resources created pledge of 35.6 lakh shares on April 5.
Negative for the stock.

🎯 Adani Transmission :
Promote group Gautam Adani released pledge of 31.48 lakh shares on April 5.
Positive for the stock. 👍

🎯 Max India :
Promoter group Max Ventures Investment Holdings created a pledge of 12 lakh shares on April 4.
Negative for the stock.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

9th April, 2019 Morning Brief

Market will open on a flat note today.

Asian stocks were mixed Tuesday after the threat of new tariffs on European goods from President Donald Trump damped risk appetite. The S&P 500 and the Nasdaq edged into positive territory on Monday, with gains held in check by falling industrials resulted into slide in Dow Jones index.

The market fell sharply from the high and closed lower on April 8 as a rise in crude oil prices to five-month highs dented traders sentiment.

On the daily chart, the Nifty has formed an Engulfing Bear candle, which adds to the probability in favour of the bears. Nifty has tested it's nearest support of 11550 for the second time in last 3 sessions. It is interesting to see whether it will break down this support to slide towards 11180 or it will make a intermediate bottom at around 11550.

🎯 News & Impact 🎯

Results Updates :

🎯 Delta Corp :
Revenues up 19.1 % at Rs.204.3 crore.
Net profit up 25.2 % at Rs.56.7 crore.
Margins at 43.1 % versus 39.3 %.

🎯 Panacea Biotec :
Piramal Enterprises and Bain Capital backed India Resurgence Fund to invest Rs.992 crore in the company. 

🎯 DLF :
Government of Singapore (GIC) sold 3.8 percent stake in the company worth Rs 1,300 crore. It reduced its stake from 4.11 % to 0.3 %, as per exchanges. 
Societe Generale acquired 2.09 crore shares or 1.17 % equity at Rs.191 each.

🎯 Coffee Day Enterprises :
Japan based-Impact HD to invest up to $15 million for 49 percent stake in the company’s arm Coffee Day Consultancy Services.
Positive for the stock. 👍

🎯 Fortis Healthcare :
Company has started looking for buyers to purchase its 27.8 % stake in Singapore based arm RHT Health Trust.
Positive for the stock. 👍

🎯 Voltas :
Company signed a distribution agreement with Japanese based textiles machines manufacturer ‘Shima Seiki’ for sales and marketing of the latter’s products in India.

🎯 InterGlobe Aviation :
IndiGo strengthened Mumbai as a key travel hub with three new international and 20 additional domestic flights.

🎯 Prabhat Telecom :
Company entered into a distribution agreement with Hong Kong based ‘Xmi’ for distributing telecom accessories as manufactured products in 12 states in India to specific retailers on Non-Exclusive Basis.

🎯 Karda Constructions :
Commenced construction of residential and commercial project in Nashik.

🎯 Sun Pharma :
Company promoter group Shanghvi Finance created pledge of 2.13 crore shares on April 4.
Negative for the stock.

🎯 Zee Media :
Zee media Corporation promoter 25FPS Media created pledge of 2.37 crore shares from March 29-30.
Negative for the stock.

🎯 Dish TV :
Promoter Direct Media Distribution Ventures created pledge of 33.8 lakh shares and released pledge of 18 lakh shares from March 29-30.
Negative for the stock.

🎯 Astra Microwave :
Company promoter B Malla Reddy invoked pledge of 10,200 shares on April 3.
Positive for the stock. 👍

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

8th April, 2019 Morning Brief

After a smart recovery in the last session, market will open on a flat note today.

On Friday, U.S. stocks pushed toward all-time highs, the dollar strengthened and the Treasury yield curve flattened after a report showed the economy is adding jobs with few signs of inflation and President Donald Trump pressured the Federal Reserve to sustain growth.

Macro cues, poll for Assembly elections as well as earnings are some of the factors which will dictate trend in this week.

Industrial Production data for February and CPI Inflation for March will be released on April 12 after market hours.

Apart from that, the Foreign Exchange Reserve data for the week ended April 5, and Deposit and Bank Loan growth for the fortnight that ended on March 29 will be announced on the same date.

A much-awaited event, the general elections will begin with the first phase on April 11.

Nifty has taken support at 11550 and again joined bull run in the last day of the previous week.

🎯 News & Impact 🎯

Major Results Updates :

🎯 HDFC Q4 Update :
Loans assigned at Rs 2,418 crore versus nil, on a year on year basis. The income from dividend was up 62 % at Rs 537 crore versus Rs 332 crore. Profit on sale of investment in subsidiaries was up 15 % at Rs 314 crore versus Rs 272 crore.

🎯 HDFC Bank Q4 Update :
Advances up 24 % at Rs 8,19,500 crore versus Rs 6,58,300 crore, on a yearly basis. Deposits up 17 % at Rs 9,23,000 crore vs Rs 7,88,800 crore.

🎯 Lakshmi Vilas Bank and Indiabulls Housing Finance :
The Reserve Bank of India (RBI) on Saturday said it will examine the merger proposal of Lakshmi Vilas Bank and Indiabulls Housing Finance Ltd.

🎯 Torrent Pharma :
The U.S. FDA issued certain observations for Dahej unit during March Audit. 

🎯 Zydus Cadila :
Received the tentative approval from the U.S. FDA to market Tofacitinib bTablets—a drug used to treat moderate to severe forms of rheumatoid arthritis.

🎯 Bank of Baroda :
Post amalgamation of Vijaya Bank and Dena Bank with BoB, the Government of India's stake increased to 65.37 %.

🎯 NIIT Tech :
Company said it will acquire Whishworks IT Consulting for Rs 287 crore. It will acquire 52.67 percent at first while the remaining will be acquired over the next two years. 

🎯 NIIT Tech and NIIT :
Baring Private Equity Asia to acquire 30 percent stake in NIIT Technologies from NIIT Ltd.

🎯 Texmaco Rail & Engineering :
NCLT gave the approval for amalgamation of Texmaco Hitech. Bright Power projects with the company.

🎯 Infosys :
Company opened a new office in Switzerland to provide digital solutions to its customers in the turbomachinery and propulsion industry.

🎯 HG Infra-Engineering :
Company incorporated a new SPV to undertake HAM project in Haryana worth Rs.952.1 crore.

🎯 Vanta Bioscience :
Company's arm signed a non-exclusive service agreement with Emcure Pharma till 2022 for Rs 29 crores.

🎯 Future Consumer :
IFC and Verlinvest SA to invest Rs 210 crore and Rs 70 crore in the company by subscribing to compulsorily convertible debentures. Promoters to invest Rs 70 crore by issuing to warrants. These instruments will be converted into equity shares within 18 months at a value of Rs 45 per share.

🎯 Century Textile :
Company launched real estate project viz. Birla Vanya near Kalyan, Maharashtra.

🎯 Wockhardt :
Company plans to demerge its formulations business, dilute stake.

🎯 Kernex Micro systems :
Company received a Show Cause Notice from Directorate General of GST Intelligence Hyderabad Zonal Unit.

🎯 JSW Steel :
Company promoter group Danta Enterprises created pledge of 3.7 lakh shares on April 2.
Negative for the stock.

🎯 Max Financial Services :
Company promoter group Max Ventures Investment Holdings revoked pledge of 1 lakh shares on April 2.
Positive for the stock. 👍

🎯 JK Tyres:
Promoter pledged 4 crore equity shares (16.24 %) stake as security for loan.
Negative for the stock.

🎯 Sun Pharma :
launches ready-to-infuse INFUGEM in the US.
Company promoter group Shanghvi Finance revoked pledge of 43.75 lakh shares on April 3.
Positive for the stock. 👍

🎯 Jindal Steel & Power :
Company promoter group Danta Enterprises created pledge of 8.85 lakh shares on April 2.
Negative for the stock.

🎯 Jubilant Foodworks :
Company promoter Jubilant Consumer revoked pledge of 4.58 lakh shares on April 3.
Positive for the stock. 👍

🎯 MEP Infra :
MEP Infra Developers promoter group Sudha Mhaiskar revoked pledge of 23.5 lakh shares on April 4.
Positive for the stock. 👍

🎯 Infibeam Avenues :
Company promoter and director O3 Developers created a pledge of 26.06 lakh shares on April 2.
Negative for the stock.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

5th April, 2019 Morning Brief

Market will open on a flat note today after witnessing profit booking after monetary policy outcome.

Rate cut usually acts as a sentiment booster and aid companies that have to service large debts. A cut by RBI injects liquidity in the economy. Loans with a low rate lead to an increase in buying interest in the consumer-driven economy which will help India Inc. to deliver strong earnings growth.

The rate cut follows a 25 bps cut in the last MPC meeting in Feb-19 and indicates continued dovishness of the central bank.
The downward revision on GDP growth and CPI inflation forecast indicates some caution from the regulator. Liquidity too remains a concern.

Nifty50 formed another bearish candle on the daily chart yesterday. Nifty could not surpass it's previous high of 11761 to close above. Selling pressure persisted near that level could build a strong resistance near the level which can support the bears to pull down Nifty towards 11550 level of support. Interesting to see whether it reclaim the higher level or slide today.

🎯 News & Impact 🎯

🎯 Zensar Technologies :
Company started operation in Mexico supporting the company’s customers in North America and the local region.

🎯 Cipla :
Company received Establishment Inspection Report on its Goa manufacturing plant by the U.S. FDA.

🎯 Bal Pharma :
Company received EU-GMP approval for formulations manufacturing plant at Rudrapur, Uttarakhand.

🎯 Rallis India :
Company said that the Pollution Control Board has revoked it closure order of the company’s Gujarat unit. 

🎯 Alembic Pharma :
Company received establishment inspection report from USFDA for Panelav formulation facility.

🎯 Godrej Properties :
Company adds a new residential project in Navi Mumbai.

🎯 Amaraja Batteries :
Gallas to buy 2 % stake from Johnson Controls in Amara Raja Batteries, increasing shareholding to 28 %.

🎯 Adani Enterprises :
Company promoter Gautam Adani revoked pledge of 4.3 lakh shares on April 2.
Positive for the stock. 👍

🎯 Future Enterprises :
Company promoter group Future Corporate Services released pledge of 12.14 lakh shares on April 1.
Positive for the stock. 👍

🎯 Emami :
Promoter group Bhanu Viniyog created pledge of 1.05 crore shares and revoked pledge of 43.21 lakh shares from March 29 to April 2 and promoter group Bhanu Vyaapar revoked pledge of 27.63 lakh shares on April 3.

🎯 Adani Ports & SEZ :
Promoter group Gautam Adani revoked pledge of 5 lakh shares on April 2.
Positive for the stock. 👍

🎯 JSW Energy :
Promoter group Danta Enterprises created a pledge of 13.75 lakh shares on April 2.

🎯 DB Corp :
Promoter group Stitex Global revoked pledge of 3.68 lakh shares on March 30.
Positive for the stock. 👍

🎯 Bajaj Consumer Care :
Company promoter Bajaj Resources created a pledge of 37k shares on April 2.
Negative for the stock.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

4th April 2019, Morning Brief

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

A late rally in U.S. markets took indices to close at almost six-month highs as optimism over global growth revived investor risk appetite.

Skymet forecast on monsoon rains afected the sentiment yesterday and market shrugged off early day gains and ended with losses ahead of RBI Policy which will be announced today afternoon. Both FPIs and DIIs were net sellers into market yesterday. 0.25% rate cut is already factored in by market but above 25 basis points' rate cut will definitely surprise the traders in any way. Nifty formed a bearish engulfing pattern on the daily chart yesterday. Nifty50 has support at 11550 but any uncertain fear under the roof can pull down the index to 11180 level to fill the gap. But looking forward, 12390 can be considered as ultimate short term target.

🎯 News & Impact 🎯

🎯 Reliance :
Reliance Industries’ Jio entered into a definitive business transfer agreement with Haptik for around Rs 700 crore. The company will hold around 87 percent stake in the target company. Haptik is a conversational artificial intelligence platform.

🎯 Godrej Properties :
Company entered into a joint venture with a developer to develop 4.25 acres property in Mumbai.

🎯 Gujarat Gas :
Company received grant of authorization for six city gas distribution networks. The company has been granted 300 months of infrastructure exclusivity i.e. valid up to March 28, 2044 and 96 months of marketing exclusivity valid up to March 28, 2027.
Positive for the stock. 👍

🎯 Suven Life Sciences :
Company product patents in Israel, Japan, New Zealand and Sri Lanka for treatment of neurodegenerative disorders. The company said these patents will be valid through 2029 and 2036.

🎯 Mannapuram Finance :
Company infused Rs.263.92 crore in its arm.

🎯 Tata Global Beverages :
Company said its Russian arm has been liquidated consequent to the completion of the restructuring. 

🎯 Kanoria Chemicals and Industries :
Company commissioned its plant in Canada for production of automotive and industrial electronics with effect from April 2.

🎯 Godrej Agrovet :
Company increased its stake in its arm Godrej Maxximilk from 52.06 % to 62.97 %.

🎯 KPI Global Infrastructure :
Company received order of 720KW solar power plant under Captive Power Producer (CPP).

🎯 JSW Steel :
Company promoter group Danta Enterprises revoked pledge of 3.7 lakh shares on March 29.
Positive for the stock. 👍

🎯 Forbes & Company :
Company promoter Shapoorji Pallonji created pledge of 9.5 lakh shares on March 29.
Negative for the stock.

🎯 Future Enterprises :
Company promoter group Central Departmental Stores released pledge of 12.14 lakh shares on April 1.
Positive for the stock. 👍

🎯 V2 Retail :
Company promoter group Unicorn Marketing revoked pledge of 7.7 lakh shares on April 2.
Positive for the stock. 👍

🎯 Adani Ports & SEZ :
Company promoter group Gautam Adani revoked pledge of 23.7 lakh shares on March 30.
Positive for the stock. 👍

🎯 JSW Energy :
Company promoter group Danta Enterprises revoked pledge of 13.75 lakh shares on March 29.
Positive for the stock. 👍

🎯 Eros International Media :
Company promoter Eros Worldwide revoked pledge of 10 lakh shares from April 2-3.
Positive for the stock. 👍

🎯 Future Life Fashions :
Company promoter Ryka Commercial Ventures created a pledge of 7.1 lakh shares and revoked pledge of 3 lakh shares from March 30 to April 1.

🎯 Future Retail :
Promoter Future Corporate Resources released pledge of 3.63 lakh shares on April 1.
Positive for the stock. 👍
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒
Edited by Sharp.

3rd April, Morning Brief

Market will open on a positive note today.

After a positive start, Nifty 50 maintained a positive momentum but struggled to cross above the all-time high. Nifty formed a doji which shows uncertainty for the particular day. All eyes are on RBI monetary policy outcome about rate cut which will be announced tomorrow. Broad expectations are 0.25% rate cut but rate cut of 0.5% will fuel the rally on the up side.

US markets ended on a mixed note yesterday. Oil prices rose for a fourth day on Wednesday, holding firm despite an industry report showing that US inventories rose unexpectedly last week, with supply cuts and sanctions supporting the market.

🎯 News & Impact 🎯

🎯 Wipro :
Company completed the divestment of its workday and cornerstone on demand business to Alright Solutions, receiving $95.27 million out of the total $100 million. 

🎯 Infosys :
Company arm selected by Ahli United Bank (Kuwait) to automate the bank’s operational process.

🎯 HEG :
Company to increase stake in Bhilwara Energy from 29.48 % to 49 % for Rs 162.05 crore. 

🎯 Karnataka Bank :
Bank entered in to MoU with Bharti Axa Life Insurance for distribution of company's life insurance products. 

🎯 Biocon :
Company to sell and transfer drug substance business to its wholly owned biologics unit for Rs 33.3 crores. 

🎯 Emami / HUL :
Company won case against HUL for the third time in in last one year on unfair disparagement. 

🎯 Lumax Auto Technologies :
Company said it has closed its PCB manufacturing unit in Haryana from April 1. 

🎯 TCS :
BaNCS for Core Banking has been successfully deployed at Harbin Bank, a full-service commercial bank in China.

🎯 IGL :
Company gets authorization for development of CGD network.

🎯 Surana Tele & Power :
Company divested the 100 percent of equity stake held in Globecom Infotech Private Limited, wholly owned subsidiary.

🎯 Kamdhenu :
Company installed all requisite machinery for increase of capacity of its steel plant at Bhiwadi, Rajasthan from 72,000 MT to 1,56,000 MT per annum.

🎯 Rushil Décor :
Company said that Pollution Control Board has allowed the company to operate its manufacturing facility in Gujarat till July 1. 

🎯 HUDCO :
Company said it has achieved loan sanctions of Rs.34,453.8 crore and loan releases of Rs. 31,008.6 crore for the financial year 2018.

🎯 Essel Propack :
Company received repayment of Inter Corporate Deposit of Rs 30.7 crores. 

🎯 Saurashtra Cement :
Promoter Vila Trading revoked 24.9 lakh shares on March 29.
Positive for the stock. 👍

🎯 Adani Enterprises :
Promoter group Gautam Adani revoked pledge of 1 lakh shares on March 30.
Positive for the stock. 👍

🎯 Mercator :
Promoter and director Harish Mittal invoked pledge of 5 lakh shares on March 27.
Positive for the stock. 👍

🎯 Jindal Steel & Power :
Company revoked pledge of 10.85 lakh shares from March 27-29.GTL Infra promoter GTL invokes pledge of 204.65 crore shares on March 28.
Positive for the stock. 👍

🎯 Future Consumer :
Company promoter Future Capital Investment created a pledge of 1.75 crore shares on March 28.
Negative for the stock.

🎯 Adani Transmission :
Promoter group Gautam Adani revoked pledge of 3.6 lakh shares on March 30.
Positive for the stock. 👍

🎯 Future Retail :
Promoter Future Corporate Resources released pledge of 2 lakh shares and created a pledge of 16.25 lakh shares from March 29-30.
Positive for the stock. 👍

🎯 Dabur India :
Promoter Ratna Commercial Enterprises acquired 1 lakh shares from March 27-28.
Positive for the stock. 👍
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒
Edited by Sharp.

2nd April, Morning Brief

Market will open on a positive note today after making historical high yesterday.

US stocks rallied on Monday, starting off the second quarter on a strong note, as upbeat manufacturing numbers from China and the United States eased worries about slowing global growth. Asian markets are trading with positive bias in the morning today

Sensex hit a fresh record high above 39,000 for the first time at 39,115 while the Nifty50 close 91 points short of hitting its record high. Banking and NBFC stocks pulled the market down from the record high as The Serious Fraud Investigation Office(SFIO) made its first big arrest in the Infrastructure Leasing & Financial Services (IL&FS) case by taking former vice chairman Hari San karan, ex-Chairman into custody which spread a panic in financial stocks.

India's eight core industries grew 2.1 % in February 2019 against 5.4 % YoY.

Nifty formed a Gravestone Doji kind of pattern on the daily chart yesterday which shows bulls have become weak against bears. Any correction can strengthen the further rally. Oil prices rose to fresh highs for the year on Tuesday, after a US official said Washington is considering more sanctions on Iran and a key Venezuelan export terminal halted operations.

🎯 News & Impact 🎯

Auto Sales

Tata Motors
Total domestic sales up 16% at 68,709 units Vs 5,86,507 units, YoY

TVS Motor
Total sales at 3,25,345 units against 3,26,667 units (YoY)

Eicher Motors
Total sales down 20% at 60,831 units Vs 76,087 units

Hero MotoCorp
Total sales at 5,81,279 units

🎯 Godrej Properties :
Company says it has achieved its highest ever bookings, after the company sold over 2,900 homes with a total area of 3.75 million square feet and booking value in excess of Rs 2,100 crore.
Positive for the stock. 👍

🎯 Cipla :
Company's U.S. arm signed a definitive agreement for investment of $22 million for asset co-development and licensing opportunity for Pulmazole drug with Pulmatrix. 

🎯 Oriental Hotels :
Company concludes the sale transaction of Mysore land for Rs.19.3 crore.

🎯 Strides Pharma Sciences :
Company achieves closure to convert its 50:50 joint venture with Vivimed to 100 percent ownership. 

🎯 Zee Entertainment : Two promoter entities together sold in 76.4 lakh shares of the company in the open market between Feb. 13 and March 29.
Negative for the stock.

🎯 Thyssenkrup and Tata :
Both the companies ready to sell assets to get EU merger approval reported German paper Handelsblatt.

🎯 Coal India :
Company breaches 600 million tonnes mark for the first time in production and off-take for 2018-19. 

🎯 Cyient :
A large order delivery of $5 million has been delayed due to delay in regulatory clearances at customer.

🎯 Mcleod Russel :
Company executes sale of estates, plants and assets in Bargang Tea Estate with Amgoorie India Limited. 

🎯 PVR :
Company opens 2 multiplexes in Assam and Punjab.

🎯 Tata Power :
Company arm hands over combat management system for the indigenous aircraft carrier to the Indian Navy

🎯 NMDC :
Company says it has surpassed the 30 million tonne figure of production and sales for the third year consecutively.

🎯 Reliance Industries :
Company received SEBI’s approval to set-up two infrastructure investment trust -Digital Fibre Infrastructure Trust and Tower Infrastructure Trust. The mentioned trust now owns 51 percent stake in Jio Digital Fibre Pvt. Ltd. and Reliance Jio Infratel Pvt. Ltd.

🎯 MOIL :
Prices of ferro grade and chemical grade have been increased by 5 % compared to last month, while prices of silico manganese grade and Fines remained unchanged. 

🎯 Gateway Distriparks :
Company completed acquisition of entire stake held by Blackstone in arm for Rs. 850 crore on March 29.

🎯 Centrum Capital :
Company has sold its entire equity holding in its wholly-owned subsidiary company, Centrum Defence System Limited and Centrum Infrastructure Advisory Limited.

🎯 Dr Lal Pathlabs :
Company unit approved acquisition of Bawankar Pathology.

🎯 Future Enterprises :
Promoter group Central Departmental Stores created at pledge of 62 lakh shares on March 28.
Negative for the stock.

🎯 Bodal Chemicals :
Company promoter Bhavin Patel acquired 4.6 lakh shares from March 28-29.
Positive for the stock. 👍

🎯 Sun Pharma :
Company prompter group Shanghvi Finance released pledge of 21.9 lakh shares on March 28.
Negative for the stock.

🎯 Emami :
Company promote groups created pledge of 92.3 lakh shares on March 28.
Negative for the stock.

🎯 Zuari Agrochemicals :
Company promoter Zuari Management Services created a pledge of 34.75 lakh shares on March 28.
Negative for the stock.

🎯 Future Retail :
Company promoter Future Corporate Resources created a pledge of 49 lakh shares on March 28.
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Edited by Sharp.