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.
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