31st May, 2019 Morning Brief

Market will open on a positive note today after a positive end of May expiry contract at record closing high.

US stocks and Treasury yields fell after President Donald Trump opened a new front in the trade war, threatening to place escalating import tariffs on Mexico in an effort to curb illegal immigration concerns about a harming global growth. But because of that, oil prices dropped by nearly 1.5% which can be considered as blessing in disguise for us.

Markets closed higher amid continued optimism that PM Narendra Modi will adopt more policies to support economic growth. Market may remain volatile ahead of the headwinds due as GDP as well as Infrastructure output data for April is scheduled to come out post market hours later today. 2nd Bi-monthly RBI meet is scheduled on 5 & 6th next month and market expects another rate cut to boost the economic growth.

Data suggests that fresh long positions were formed at low base of open interest and good rollovers indicates that most of the same got carried forward to June expiry.

Rollover in Nifty stood at 71.93 % for June series, which is better than its quarterly average of 69.46 % However, the open interest decreased by 4.05 % on a month-on-month basis.

Nifty has formed a bullish candle on the daily chart yesterday. Going forward, 11840 can be considered as an immediate support and 11400 would act as strong support for Nifty. On the other side, Nifty has to sustain above 11960 level to achieve it's previous high of 12041 and to mark another high to इंच towards 12300 level zone.

🎯 News & Impact 🎯

Results Updates :

🎯 ONGC Q4 :
Profit down 51 % at Rs. 4,044.6 crore versus Rs.8,262.7 crore;
Revenue down 3.4 % at Rs.26,758.5 crore versus Rs. 27,694 crore (QoQ).
Negative for the stock.

🎯 Coal India Q4 :
Profit at Rs 6,024.2 crore versus Rs. 1,302.6 crore,
Revenue up 7.5 % at Rs 28,546.3 crore versus Rs.26,547 crore (YoY).
Positive for the stock. 👍

🎯 IDBI Bank Q4 :
Loss at Rs 4,918.4 crore versus loss of Rs.5,662.8 crore;
NII up 75.7 % at Rs 1,609 crore versus Rs 915.7 crore (YoY).
Positive for the stock. 👍

🎯 KNR Constructions Q4 :
Profit up 15.6 % at Rs.92.1 crore versus Rs 79.7 crore;
Revenue up 14.6 % at Rs.715.7 crore versus Rs. 624.4 crore (YoY).
Positive for the stock. 👍

🎯 Cox & Kings (Q4, YoY) :
Revenue up 6.4 % to Rs.1,256 crore.
Ebitda up 68 % to Rs.183 crore.
Margin at 14.5 % versus 9.2 %.
Net profit at Rs. 823.6 crore versus net loss of Rs.46.1 crore.
Positive for the stock. 👍

🎯 SAIL (Q4, YoY) :
Revenue up 8.6 % to Rs 18,506.3 crore.
Net profit down 42.6 % to Rs 468.4 crore.
Negative for the stock.

🎯 Tata Power :
Company to develop 100MW solar projects in Gujarat.

🎯 Natco Pharma :
Company settles patent litigation with Onyx Therapeutics over cancer drug.

🎯 AstraZeneca :
Company said that it has opened a new development operations centre in Bengaluru to support expansion of its clinical research footprint in India.
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Edited by Sharp.

30th May, 2019 Morning Brief

Market open on a flat note today after a slide experienced yesterday.

Asian equities were mixed on Thursday after concerns about global growth sent U.S. shares lower overnight.

Yesterday, market snaps three trading sessions' rally and closed in red on profit booking. Sentiments remained pessimistic on weak global cues and depreciating rupee. 

Nifty has made a small bearish candle on the daily chart yesterday. Nifty50 has to sustain above 11960 level to regain 12050 mark but participants may wait for the proper boost either from RBI policy scheduled on 5th June or from the budget which can be declared in the month of July.

🎯 News & Impact 🎯

Major Results Today :

Coal India, SAIL, Relinfra

Results Updates :

🎯 PowerGrid :
Profit up 51.9 % at Rs.3,053.9 crore versus Rs 2,010.3 crore;
Revenue up 18 % at Rs.9,218 crore versus Rs.7,814.4 crore (YoY).
Positive for the stock. 👍

🎯 United Spirits Q4 :
Profit down 40.2 percent at Rs 126.2 crore versus Rs 211 crore;
Revenue down 3.5 % at Rs 2,250 crore versus Rs.2,173.7 crore (YoY).

🎯 BEL Q4 :
Profit up 19.7 % at Rs.668.6 crore versus Rs 558.7 crore;
Revenue up 7.3 % at Rs.3,884.6 crore versus Rs. 3,621.8 crore (YoY).

🎯 SJVN Q4 :
Profit jumps to Rs 458.9 crore versus Rs 132.2 crore;
Revenue spikes to Rs 805.2 crore versus Rs 344.8 crore (YoY).
Positive for the stock. 👍

🎯 International Paper APPM : Promoter group International Paper entered into an agreement with West Coast Paper Mills to sell its controlling stake in the company. As per the tender offer, West Coast Paper Mills will acquire 51 % to 60 percent stake in the company. International Paper holds 75 % stake in the company. 

🎯 Tata Power :
Company's two arms entered into agreement to sell their entire stake. 

🎯 IOL Chemicals and Pharma :
Board approved increasing capacity for Ibuprofen from 10,000 MT to 12,000 MT and for Iso Butyl Benzene from 9,000 MT to 12,000 MT, per annum respectively for a capex of Rs 1 crore.

🎯 JSW Energy :
Company promoter group Glebe Trading created pledge of 10 lakh shares on May 27. 
Negative for the stock.

🎯 Emami :
Company promoter groups created pledge of 28 lakh shares and revoked pledge of 1 lakh shares from May 24-28.
Negative for the stock.
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Edited by Sharp.

29th May, 2019 Morning Brief

Market will open on a weak note today after a lacklustre session yesterday.

Stocks in Asia dropped after an afternoon sell-off on Wall Street as investors gauge the warning signals flashing in the bond market, where sovereign yields have slumped to multi-year lows. U.S. stocks fell to the lowest since March as a rally in 10-year Treasuries rekindled concern that a key recession signal has started to flash warnings amid what could be a protracted trade dispute with China.

Nifty formed a Hanging Man kind of pattern on daily charts. As said earlier, Nifty should hold the levels of 11900-11950 and to surpass 12050 level to achieve 12300 mark.

🎯 News & Impact 🎯

Major Results Today :

Power Grid Corporation, M & M, Adani Enterprises, United Spirits.

Results Updates :

🎯 Sun Pharma (Q4, YoY) :
Revenue up 2.7 % to Rs.7,163.9 crore.
Net profit down 52.6 % to Rs.635.9 crore.
Ebitda down 39.6 % to Rs 1,016.8 crore.
Margin at 14.2 % versus 24.1 %.
Negative for the stock.

🎯 IRB Infra (Q4, YoY) :
Revenue up 40.9 % to Rs.1,948.3 crore.
Net profit down 13.2 % to Rs 208.01 crore.
Ebitda up 15.4 % to Rs 760.1 crore.
Margin at 39 % versus 47.6 %.

🎯 NMDC (Q4, YoY) :
Revenue down 6.2 % to Rs.3,643.3 crore.
Net profit up 31.5 % to Rs.1,453.8 crore.
Ebitda up 10.1 % to Rs.2,092.3 crore.
Margin at 57.4 % versus 49 %.

🎯 Auropharma Q4:
Profit up 10.8 % at Rs.549.1 crore versus Rs 528.5 crore;
Revenue up 30.7 % at Rs.5,292.2 crore versus Rs. 4,049.1 crore (YoY).
Positive for the stock. 👍

🎯 IRB Infra Developers :
Hapur Moradabad Project received an appointment date from competent authority. Toll collection and construction on the project to start from May 29. The company received work orders for operation and maintenance for project SPVs of its trust for a further period of 10 years.

🎯 Tech Mahindra :
Tech Mahindra and MKI collaborate to develop solutions for Japanese market.

🎯 Zee :
Zee stake sale to be completed by July, says Punit Goenka.

🎯 Dilip Buildcon :
Company executes EPC agreement with NHAI for a UP highway project of Rs6.71bn

🎯 Bharti Airtel :
Airtel Africa plans IPO to cut debt, eyes London stock market listing

🎯 Mindtree :
Company opened its off-shore delivery centre in the U.S.

🎯 Karur Vysya Bank :
Bank signed a term sheet for a joint venture with Centrum Wealth Management to establish a private joint venture.

🎯 Eros Now :
Company announces a partnership with Amazon Prime Music India.
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Edited by Sharp.

28th May, 2019 Morning Brief

Market will open on a positive note in continuation of yesterday's rally.

Asian stocks chalked modest gains at the open, while U.S. markets remain shut due to the Memorial Day holiday.

The Nifty formed a bullish candle on the daily charts and ended at record closing high. Nifty should sustain above its yesterday's high ie 11958 to avoid profit booking otherwise Nifty can be pushed below 11900.

🎯 News & Impact 🎯

Major Results Today

PNB, Sun Pharma

Results Updates :

🎯 Oil India Q4 :
Loss of Rs 208.5 crore versus profit of Rs 1,233.4 crore;
Revenue down 12.2 % at Rs 3,086.9 crore versus Rs 3,514 crore (QoQ).

🎯 Adani Ports Q4: Profit up 38.7 percent at Rs 1,285.4 crore versus Rs 926.8 crore; revenue down 3.2 percent at Rs 3,082.5 crore versus Rs 3,182.9 crore (YoY).

🎯 NHPC Q4 :
Profit jumps to Rs. 492.3 crore versus Rs. 199.8 crore;
Revenue up 71.5 % at Rs 1,950.3 crore versus Rs.1,137.3 crore (YoY).

🎯 Zee Entertainment Q4 :
Profit up 26.8 % at Rs. 292.5 crore versus Rs 230.6 crore;
Revenue up 17 % at Rs 2,019 crore versus Rs 1,725.3 crore (YoY).

🎯 InterGlobe Aviation Q4 :
Profit jumps to Rs 589.6 crore versus Rs 117.6 crore;
Revenue up 35.9 % at Rs 7,883.3 crore versus Rs 5,799.1 crore (YoY).

🎯 Reliance Capital :
Company divests entire stake in Big 92.7 FM radio business to Music Broadcast.
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Edited by Sharp.

27th May, 2019 Morning Brief

Market will open on a positive note today after Friday's rally.

Nifty has made a bearish candle on the daily chart on Friday. A decisive closing above 12050 is very crucial for a kick-start of a mega bull run but before that many things like RBI Credit policy, budget, monsoon arrival and its percentage, crude oil prices and US China trade truce should be watched keenly.

U.S. stocks rose Friday on thin volume before the holiday weekend, but the gains weren’t enough to compensate for a week of market turmoil stoked by trade tensions.

🎯 News & Impact 🎯

Major Results Today :

Adani Ports & SEZ, GAIL, Zee Entertainment, Oil India, BHEL, PTC India.

Major Results Updates :

🎯 Grasim Industries (Q4, YoY) :
Company Revenues up 16.1 % to Rs. 5,352.3 crore.
Net profit up 20.9 % to Rs. 451.2 crore.
Positive for the stock. 👍

🎯 Indraprastha Gas (Q4, YoY) :
Revenue up 27.1 % to Rs.1,542.6 crore. Net profit up 29.1 % to Rs.225.5 crore.
Positive for the stock. 👍

🎯 REC (Q4, YoY) :
Net interest income up 26.7 % to Rs. 2,332.4 crore.
Net profit up 49.6 % to Rs.1256.1 crore.
Positive for the stock. 👍

🎯 NTPC Q4 :
Profit up 48.7 % at Rs. 4,350.2 crore versus Rs 2,925.6 crore;
Revenue down 8 % at Rs. 21,222.4 crore versus Rs.23,100.3 crore (YoY).

🎯 NBFC :
NBFCs will be in focus as RBI has suggested tighter liquidity norms. RBI has sought feedback on these guidelines by June 14, 2019.

🎯 Biocon :
Company’s new drug application for Pemetrexed Disodium received tentative approval from the U.S. Food and Drug Administration on May 23.

🎯 Music Broadcast :
Company terminated its Business Transfer Agreement to acquire radio business of Ananda Offset’s ‘Friends 91.9 FM’ on account of uncertainty of receipt of regulatory approval.

🎯 Suzlon Energy Ltd. :
Company to sell 26 % stake each in its two arms cumulatively for Rs 30 crore.

🎯 Omaxe :
Company entered into an agreement to sell its arm to Darshita Landed Property for Rs.88.2 crore.

🎯 V-Mart Retail :
Company opened two new stores in Uttar Pradesh and Madhya Pradesh.

🎯 Majesco :
Promoter Sudhakar Ram sold 2 lakh shares or 0.71 percent equity at Rs 512.5 each.

🎯 Emami :
Company promoter groups revoked pledge of 57 lakh shares on May 22.

🎯 JSW Energy :
Company promoter group Glebe Trading revoked pledge of 10 lakh shares on May 2.

24th May, 2019 Morning Brief

Market will open on higher side after witnessing biggest intraday fall in 11 years.

U.S. stocks retreated further on Thursday and investors sought refuge in gold and bonds as the world’s two largest economies hardened their trade-war stances.

Nifty formed a long bearish engulfing candle on the daily chart yesterday. It will take few sessions to surpass it's new high made yesterday and cool down the risen volatility index. 11400 will be considered as a good immediate support whereas 12041 will be the resistance going ahead.

🎯 News & Impact 🎯

Major Results Today :
Grasim, JSW Steel,

🎯 Infosys :
Company completes formation of strategic partnership with ABN AMRO in the Netherlands.

🎯 Reliance Nippon Life Asset Management :
Company's promoter Reliance Capital plans to cumulatively sell 8.66 percent stake in the company aggregating to Rs 1,155 crore. 

🎯 Radico Khaitan :
Pollution Control Board revoked the closure directions on the company’s Uttar Pradesh plant. 

🎯 Cipla :
Company signed an agreement to acquire 26 percent stake in AMP Solar Power Systems for Rs 12.9 crore. The commercial operation of the target company will start from May 2020.

🎯 Omax Autos :
Company entered into an asset purchase agreement with Hema Engineering Industries.

🎯 Zensar Technologies :
Company partnered with South African based insurance company Sanam to provide digital solutions.

🎯 Om Metals Infraprojects :
Company partly sold its packing division.

🎯 Max Financial Services :
Company promoter group Max Ventures Investment Holdings created pledge of 60,000 shares on May 20.

🎯 Future Lifestyle Fashions :
Company promoter Ryka Commercial Ventures created pledge of 21.5 lakh shares on May 22.

🎯 Chambal Fertiliser & Chemicals :
Company promoter Zuari Global created pledge of 2.5 crore shares on May 21.

🎯 Aurobindo Pharma :
Company promoter group M Sumanth Kumar Reddy created pledge of 2.5 lakh shares on May 20.

🎯 Wockhardt :
Company promoter Themisto Trustee created pledge of 1.5 lakh shares on May 20.

🎯 MOIL :
Company inks MoU with ministry of steel for FY2019-20.
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Edited by Sharp.

23rd May, 2019 Morning Brief

Market will open on a positive note ahead of hopes on vote counting but will remain be volatile as counting progress.
Nifty has formed a doji kind of pattern on the daily chart yesterday because of consolidation and tugs between bulls and bears.

U.S. stocks fell Wednesday as trade tensions simmered, with the White House said to be preparing to blacklist more Chinese technology companies. Asian stocks declined early Thursday after ongoing trade-war tensions dragged U.S. equities.

In case of major contradiction between actual results and exit poll results, market will protest and may correct severely. If results come in line with exit polls, market may give an upside spike and settle in couple of days witnessing profit booking. In worst case Nifty may fall to 10550 level but a crucial support can be found at 11100 and 11400 levels. In case of clear majority of current Govt, upside can be capped around 12000 or 12200 levels.

🎯 News & Impact 🎯

Results Updates :

🎯 Bank of Baroda (Q4, YoY) :
Net interest income up 26.6 % to Rs. 5,066.96.
Net loss at Rs.991 crore versus net loss of Rs 3,102 crore.
Gross NPAs 9.61 % versus 11.01 %. (QoQ)

🎯 Thermax (Q4, YoY) :
Revenue up 43.7 % to Rs.2,073.7 crore.
Net profit up 67.6 % to Rs.126.9 crore.

🎯 Tata Elxsi :
Company licenses its AUTOSAR Adaptive
@platform to Great Wall Motors 

🎯 Quess Corp :
Company acquired additional 30 % stake in Golden Star Facilities and Services with an investment up to Rs.35 crore. 

🎯 SH Kelkar & Company :
Board to consider acquiring remaining 49 percent stake in Creative Flavours & Fragrances S.P.A 

🎯 Bodal Chemicals :
Company plans to acquire 80 % stake in Turkey based Sener Boya Kimya for Rs.32 crore. 

🎯 Fairchem Speciality :
Board approved demerger of specialty oleo chemicals and nutraceuticals business segments into a new wholly owned subsidiary company.

🎯 ITI :
Company inked an MoU with Department of Telecommunications for financial year 2020 for manufacturing of telecom equipment and digital products.

🎯 Biocon : Health Canada approved company’s and Mylan’s biosimilar product Ogivro. Mylan plans to launch the product this quarter in Canada. The product is used to treat breast and gastric cancer.

🎯 Wipro :
Company developed a block-chain based payment solution for Travacoin in the airline industry.

🎯 Mangalam Cement :
Company promoter groups revoked pledge of 6.3 lakh shares on May 17.

🎯 Emami :
Company promoter groups pledged 23,000 shares on May 16.

🎯 Max Financial Services :
Company promoter group Max Ventures Investment Holdings pledged 6.02 lakh shares on May 17.

🎯 Max India :
Company promoter group Max Ventures Investment Holdings pledged 16 lakh shares on May 17.

🎯 Sun Pharma :
Company promoter group Shanghvi Finance revoked pledge of 41.6 lakh shares on May 21.
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Edited by Sharp.

22nd May, 2019 Morning Brief

Market will open on a flat note today after a slide on profit booking under doubtful environment.

U.S. stocks rebounded on Tuesday as the trade-war driven back-and-forth that has dominated markets this month showed few signs of lessening.

After touching a record high, markets witnessed profit booking which pulled Nifty down by over 1% to close at 11,709.  It looks like the market seems to have factored in a victory of NDA on May 23, but an adverse result could lead to steep correction in markets. Nifty formed a Dark Cloud Cover on daily candlestick charts. 11400 could be an immediate support and the level can be considered to enter for those who have missed the rally.

🎯 News & Impact 🎯

Major Results Today :
Cipla, IndusInd Bank, BoB, Canbk

Results Updates :

🎯 Tech Mahindra (Q4, QoQ) :
Dollar revenue up 0.6 % to $1,268 million.Revenues down 0.6 % to Rs 8,892 crore.Net profit down 6.6 % to Rs.1,127 crore.

🎯 DLF (Q4, YoY) :
Revenues up 81.5 % to Rs.2,500.4 crore.
Net profit up 76.3 % to Rs.436.6 crore.
Ebitda profit at Rs. 533.6 crore versus Ebidta loss of Rs. 13.8 crore.

🎯 Jindal Steel & Power (Q4, YoY) :
Revenues up 18.1 % to Rs.10,159 crore.Net loss at Rs. 2,145.8 crore versus net loss of Rs 308.1 crore.
Ebitda down 13.7 % to Rs 1,844.8 crore.

🎯 Bharat Financial Inclusion (Q4, YoY) :
Net Revenue up 46.5 % to Rs.670.1 crore.
Net profit up 50.5 % to Rs.321.2 crore.
Loan Disbursements up 14 % at Rs 6,568 crore.

🎯 Reliance :
Jio adds 9.4 mn customers in March.

🎯 Alembic Pharma :
Company gets USFDA nod for overactive bladder treatment drug.

🎯 Cox & Kings :
Meininger Hotels signs contract for hotel in Marseille.

🎯 Glenmark Pharma :
Company gets USFDA nod for overactive bladder treatment drug.

🎯 Steel Strips :
Company gets Rs200mn exports orders.

🎯 BHEL :
Company commissions two more units of Kaleshwaram project.

🎯 Vedanta :
Declared as preferred bidder for two copper blocks with a combined area of 1585 HA area in Maharashtra.

🎯 Edelweiss Financial Services :
U.S. based insurance firm Arthur J. Gallaghar & Co. to acquire minority stake in company’s arm Edelweiss Insurance Brokers.

🎯 Asian Granito :
To sell its 50 % stake in its JV with Italian based Panaria Group and exit the agreement. 

🎯 Future Supply Chain Solutions :
Executed its agreement to acquire 77.15 % stake in Leanbox for Rs 9.4 crore.

🎯 UFO Moviez :
Board approved dissolution of the company’s Sri Lankan arm, due to non-operations seen in it.

🎯 Sintex Plastics :
Company approved to explore the sale of Auto Division of Sintex-BAPL, the wholly owned material subsidiary of the company.

🎯 Infosys :
Finacle and Global Treasure Bank announced the successful implementation of the Finacle Core Banking solution at the Bank.

🎯 Cyient :
Cyient and OneStrand Inc. announce partnership to offer interactive technical publication solutions.

🎯 Alkali Metals :
Company received an Establishment Inspection Report (EIR) from United States Food and Drug Administration (US FDA) for its Visakhapatnam Unit in Andhra Pradesh.

🎯 Bombay Burmah Trading Corporation :
Company promoter Bombay Dyeing & Manufacturing Co pledged one lakh shares on May 16.

🎯 JSW Steel :
Company promoter groups pledged 14.5 lakh shares on May 16.

🎯 Delta Corp :
Company promoter Aryanish Finance and Investments pledged 10.5 lakh shares and revoked pledge of 50,000 shares from May 16-17.

🎯 Kesoram Industries :
Company promoter Manav Investment and Trading Co pledged 1.02 crore shares on May 17.

🎯 JSW Energy :
Company promoter group Indusglobe Multiventures pledged 41.5 lakh shares on May 16.
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Edited by Sharp.

21st May, 2019 Morning Brief

Market may open on a flat-positive note after a jump witnessed on Monday.

Most of the exit polls indicate over 300 seats for the BJP-led NDA. The optimism of a stable government is reflected in Nifty already and if exit polls are right, more outperformance is ahead as market  expects stability and continuity in policy and the risk of fiscal worries may decline. Expect broader participation in mid and smallcap too as these were the most beaten down stocks in last 8 months.

U.S. equities sank Monday as the fallout from the White House’s moves against Chinese telecom giant Huawei battered technology shares and stoked trade jitters. It also impacted on Asian cues to trade lower this morning.

Nifty formed another strong bullish candle on the daily charts but with a gap. Nifty closed at all time high and may stretch towards 12000 but profit booking can't be ruled out before 23rd May. Now Nifty has formed a strong base around 11100 level and 11400 would be the immediate support in case of unexpected results of election broke out on this Thursday.

🎯 News & Impact 🎯

Major Results Today :

Tech Mahindra, DLF, Jindal Steel & Power

Results Updates :

🎯 Tata Motors (Q4, YoY) :
Revenue down 4 % to Rs.86,422 crore.
Net profit down 47 % to Rs.1,117.5 crore.

🎯 BPCL :
Revenue down 6.5 % to Rs.73,990 crore.
Net profit up 6.3 times to Rs. 3,125 crore.
Margin at 6.5 % versus 0.9 %.
Positive for the stock. 👍

🎯 HPCL (Q4, QoQ) :
Revenue down 5.8 % to Rs.67,938.1 crore.
Net profit up 12 times to Rs 2,969.9 crore.
Margin at 7.6 % versus 1.3 %.
Positive for the stock. 👍

🎯 Panacea Biotec :
Company's formulation facility in Himachal Pradesh received a U.S. FDA approval for manufacture and supply of Azacitidine Injection for the U.S. Market. This injection is a chemotherapy drug.

🎯 Adani Green Energy :
Company's promoters Adani Tradeline LLP and Universal Trade and Investments plan to sell cumulatively 5.59 percent stake in the company.

🎯 GAIL India :
Company to consider bonus issue on May 27.
Positive for the stock. 👍

🎯 ICICI Bank :
Bank entered into an agreement with the BSE and IFSC for acquiring 9.9 percent stake in India International Clearing Corporation (GIFT City) for Rs 33.85 crores.

🎯 Eros International Media :
Company promoter Eros Worldwide created pledge of 16.8 lakh shares from May 14-15.
Negative for the stock.

🎯 Adani Ports & SEZ :
Company promoter grouping Adani Trading LLP revoked pledge of 1.41cr shares on May 16.
Positive for the stock. 👍

🎯 Mercator :
Company promoter and director Harish Kumar Mittal and Archana Mittal invoked pledge of 10 lakh shares on May 14.
Positive for the stock. 👍

🎯 Coffee Day Enterprises :
Company Promoter Coffee Day Solutions created pledge of 8.64 lakh shares from May 8-16.
Negative for the stock.
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Edited by Sharp.

20th May, 2019 Morning Brief

Market will cheer the sentiment backed by the exit polls in favour of modi Govt
to continue its 2nd term with majority more than 300 seats to open with a gap-up.

Asian equities rose from a five-month low and U.S. equity futures advanced as investors awaited the next chapter in the Sino-American trade dispute. U.S. stocks fell for the first time in four days, with technology shares bearing the brunt of the selling in a market rattled by a barrage of trade-related headlines.

As mentioned earlier Nifty has formed the base at around 11100 and now any unlikely even may violate that base. 11800 can be a major hurdle to close above going ahead beyond 12000 mark.

🎯 News & Impact 🎯

Major Results Today :

BPCL, Tatamotors, Hindpetro

🎯 Cipla :
Company received zero observations from the U.S. FDA after a post-approval inspection was undertaken in company’s Indore facility from May 13-17.

🎯 Godrej Industries :
Spencer’s Retail to acquire 100 percent stake in Nature’s Basket. Stake to be bought from Godrej Industries for Rs.300 crore.

🎯 Reliance Capital :
Relcapital Offers Nippon Life To Acquire Up To 42.88% Stake Held by company.

🎯 Alkem Laboratories :
Company received Form 483 with four observations from the U.S. FDA after inspection of its Baddi plant from May 13-17. The company says it will put together a response with adequate corrective and preventive measures.

🎯 NIIT :
Company completed transfer of its entire shareholding in NIIT Technologies to Hulst B.V. in an off-market trade and received the consideration of Rs 2,020.4 crore.

🎯 Sundaram Clayton :
Company inaugurated its first overseas facility in USA at a project cost of Rs 630 crore, operations to commence by September.

🎯 Fortis Healthcare :
Company's Mauritius arm entered into an agreement to sell its entire 28.9 percent stake in Medical and Surgical Centre Limited to CIEL. The company will receive MUR 393.6 Million, or around Rs 78.3 crore, based on the completion of the agreement.

🎯 Welspun Enterprises :
Company received provisional completion certificate for commencing commercial operation of the Dewas Industrial Water Supply Project with effect from April 30.

🎯 PNC Infratech :
Company received the final arbitration award of Rs.145.6 crore related to Narela Annuity.

🎯 TRF :
Company to sell 100 % stake in Dutch Lanka Trailer and 50 % stake in Tata International DLT for Rs.167.5 crore to CANYON Point Investment Holdings Pte Ltd.

🎯 Max Financial Services :
Company promoter group Max Ventures Investment Holdings created pledge of 42,000 shares on May 15.

🎯 Forbes :
Forbes & Co promoter Shapoorji Pallonji created pledge of 19.23 lakh shares on May 16.

🎯 Future Life Fashions :
Company promoter Ryka Commercial Ventures created pledge of 3 lakh shares on May 16.

🎯 Apollo Tyres :
Company promoters created pledge of 32.7 lakh shares on May 13.

🎯 Apollo Hospitals Enterprises :
Company promoter & director Suneet Reddy revoked pledge of 13lk shares and created a pledge of 13 lakh shares on May 14.
Positive for the stock. 👍

🎯 JSW Energy :
Company promoter group Indusglobe Multiventures created pledge of 5.92 lakh shares on May 14.

🎯 Mcleod Russel :
Company promoter Woodside Parks invoked pledge of 21.42 lalkh shares from April 30-May 3.
Positive for the stock. 👍

🎯 Mindtree :
Company created pledge 3.27 crore shares in favour of IDBI Trusteeship Services (non-promoter) on May 2.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

17th May, 2019 Morning Brief

Market will open on a flat note today after late recovery.

Asian stocks climbed early Friday after U.S. equities posted a third day of gains, with investors for now looking through the flare-up in the U.S.-China trade war.

Nifty could have been given a trading breakout above 11300 backed by buying in Nifty stocks in last half an hour but fell short of time. So today it is possible to witness the same considering it's rounding bottom at 11130 - 11150 and not breaching it's previous recent low of 11108.

Major Results Today :

Bajaj Auto, Dr. Reddy's Laboratories, Indian Oil Corporation, UPL

Results Updates :

🎯 Bajaj Finserv (Q4, YoY) :
Net revenue up 41.6 % to Rs.11,110.4 crore.
Net profit up 31.7 % to Rs.838.7 crore.
Declares dividend of Rs. 2.5 per share.
Positive for the stock. 👍

🎯 Praj Industries (Q4, YoY) :
Revenue up 34.1 % to Rs.368.2 crore.
Net profit up 24.6 % to Rs. 33.4 crore.
Positive for the stock. 👍

🎯 Punjab National Bank :
Company terminated agreement to sell 1.08 crore shares of PNB Housing Finance to General Atlantic Group aggregating to Rs.925.8 crore, as conditions were not met on Long Stop Date of May 15. 

🎯 Action Construction Equipment : Board approved buyback of 9.9 % of equity capital to Rs.125 per share, aggregating to Rs. 34.25 crore.

🎯 Minda Industries :
Announced merger of its four wholly owned arm with self.

🎯 Trigyn Technologies: Unit awarded IT placement services contract from Houston Independent School District (U.S.), with potential to extend the contract till June 2024.

🎯 KDDL :
Unit Ethos opened flagship store in Hyderabad.

🎯 Reliance Capital :
Nippon Life to acquire majority of joint venture partner Reliance Capital’s 43 % stake. 

🎯 ICICI Prudential :
Company reduced its stake in Cyient from 5.02% to 2.99%

🎯 Gati :
Company promoter group pledges 95,000 shares on May 10.
Negative for the stock.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

16th May 2019, Morning Brief

Market will open on a flat note today after yesterday's fall in the last hour.

Asian equities traded mixed. The yen climbed and sovereign bond yields dropped as weak U.S. consumer data added to concerns about escalating trade tensions and their impact on the global economy.

U.S. stocks rebounded for second day on signs the Trump administration is working toward easing tensions with trade partners.

It was a volatile Wednesday as Nifty moved in a range of 150 points. After starting the day on a positive note, bulls failed to retain control on D-Street. Nifty has an immediate support at 10070-11108 range and below that it may haults at around 10800.

Major Results Today :

Bajaj Finance, Bajaj Finserv, Hindalco.

🎯 News & Impact 🎯

Results Update :

🎯 Lupin :
USFDA completed inspection at Aurangabad manufacturing facility with 3 observations.
Cautious over the stock.

🎯 Kesoram Industries (Q4, YoY) :
Revenue up 5.2 % to Rs.1,036.6 crore.
Net profit at Rs.20.8 crore versus net loss of Rs.158.2 crore.
Positive for the stock. 👍

🎯 Manappuram Finance (Q4, YoY) :
Net interest income up 16.6 % to Rs. 697.9 crore.
Net profit up 43.3 % to Rs.256.9 crore.
Positive for the stock. 👍

🎯 KPIT Technologies (Q4, QoQ) :
Revenue up 3.6 times to Rs. 501.3 crore.
Net profit up 25.4 % to Rs.30.1 crore.
Positive for the stock. 👍

🎯 Phoenix Mills (Q4, YoY) :
Revenue up 65.6 % to Rs.723.2 crore.
Net profit up 2.5 times to Rs. 228.4 crore.
Positive for the stock. 👍

🎯 Jammu & Kashmir Bank (Q4, YoY) :
Net interest income up 42 % to Rs.931.3 crore.
Net profit up 7.6 times to Rs. 214.8 crore.
Positive for the stock. 👍

🎯 Tata Chemicals :
The Tata Group will bring its consumer businesses under one unit as the salt-to-software conglomerate continues restructuring to streamline its operations. Tata Chemicals Ltd.will demerge its food business to Tata Global Beverages Ltd. Shareholders will get 114 shares of Tata Global for every 100 held in Tata Chemicals.

🎯 Nava Bharat Ventures :
Zambian arm realised over 70 % of total amounts billed since synchronization of the power plant with the grid and debt of the arm has reduced by 25 % as on March 31.

🎯 Zuari Agro Chemicals :
Company said that one of its two Granulation plant will be shut down till further intimation.

🎯 Himachal Futuristic :
Acquired Raddef Pvt. Ltd. for Rs 90,000. HFCL to make further investments worth Rs 20 crore in this acquired unit.

🎯 Balaji Amines :
Company received consent to operate by Pollution Control Board for expansion of existing products and addition of four new products at its Maharashtra Unit at MIDC Chincholi.

🎯 IFB Industries :
Company completed the transaction of acquisition of Industrial Laundry Equipment business from Ramsons Group.

🎯 Ramgopal Polytex :
Company approved the proposal of voluntary delisting of equity shares of the company from National Stock Exchange of India.
Negative for the stock.

🎯 Future Retail :
Company promoter Future Corporate Resources revoked pledge of 4 lakh hares on May 13.
Positive for the stock. 👍

🎯 Future Enterprises :
Company promoter group Central Departmental Stores revoked pledge of 1.75 lakh shares on May 13.
Positive for the stock. 👍

🎯 Apollo Tyres :
Company promoters pledged 31.15 lakh shares on May 13.
Negative for the stock.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

16th May, 2019 Morning Brief

Market will open on a flat note today after yesterday's fall in the last hour.

Asian equities traded mixed. The yen climbed and sovereign bond yields dropped as weak U.S. consumer data added to concerns about escalating trade tensions and their impact on the global economy.

U.S. stocks rebounded for second day on signs the Trump administration is working toward easing tensions with trade partners.

🎯 News & Impact 🎯

15th May, 2019 Morning Brief

Market will open on a flat note today after a smart bounce-back as expected in the last session.

Asian stocks struggled near a 3-1/2-month low on Wednesday on lingering concerns over the economic impact of a US-China trade war, although an overnight bounce on Wall Street helped limit the losses. When the time is right we will make a deal with China," "It will all happen, and much faster than people think!" said the President, Trump which helped US markets to gain and that of global sentiment.

Oil prices rose over 1 percent on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni-armed movement aligned to Iranhad attacked facilities belonging to state oil company Aramco.

Nifty formed a long legged bullish candle after nine negative candles in a row. Though we have witnessed a smart bounce-back yesterday, market needs a lot of strength to conquer the new high. Because every rise can be witnessed with a sell-off for booking short term profits. But we can consider 11070-11100 as a temporary support and 10800-10830 level zone going ahead more on down side. Delayed monsoon and below average rainfall may hamper market sentiments to convince the central bank on more rate cut in next monetary policy which will be announced in June. Before that, we have to face outcome of election where stable Govt has already factored in.

Major Results Today :

Lupin, Jubilant Foodworks.

🎯 News & Impact 🎯

🎯 Nestlé Q1:
Net profit up 9.2% at Rs.463.3 crore against Rs. 424 crore,
Revenue up 8.9% at Rs.3,002.9 crore versus Rs. 2,757.2 crore, YoY.
Positive for the stock. 👍

🎯 Pidilite :
Net profit down 4.3% at Rs.236.9 crore versus Rs 247.5 crore,
Revenue up 10.3% at Rs.1,638.9 crore versus Rs. 1,485.3 crore, YoY.

🎯 PTC Q4 :
Net profit down 16.3% at Rs.53.9 crore Vs Rs 64.4 crore,
Revenue up 22.7% at Rs.2,651.3 crore Vs Rs. 2,161.5 crore, YoY.

🎯 GIPCL :
Company has emerged as successful Bidder for Gujarat Urja Vikas Nigam for setting up 100 MW Solar Power Project at Gujarat.

🎯 Orchid Pharma :
Company gets USFDA nod for Risedronate Sodium Tablets.

🎯 Alkem Lab :
USFDA classifying the inspection conducted at its St. Louis facility as Official Action Indicated.

🎯 Future Supply Chain :
Company approved divesting/ sale up to 100% investment held by the company in Vulcan Express.

🎯 Mangalore Chemicals & Fertilizers :
Company shut down Ammonia, Urea and ABC plants in Mangalore City with effect from May 14.

🎯 Datamatics Global Services :
acquired balance 18.91% stake in Datamatics Digital for Rs.10.40 crore.

🎯 BLS International :
Company partners with Embassy of Lebanon.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

14th May 2019, Morning Brief

A flat opening expected today after heavy selling witnessed in the last session because of global turmoil.

The sell-off that sank U.S. stocks and global commodities spilled into Asia after China retaliated with higher tariffs on a range of American goods.

Yesterday Nifty fell for the ninth consecutive session for the first time in Indian stock market history in last ten years. 
On the macro front, India's retail inflation stood at 2.92 percent in April, higher than 2.86 percent in March. It was well within the target of the Reserve Bank of India (RBI). The CPI data is in-line with the RBI's expectation of 2.8% hence another 25 bps rate cut in the next monetary policy can be expected to infuse liquidity in the system which can be considered as a stick in the sea to float on for a drowning.
Nifty forms a bearish candle for the 9th day in a row. Nifty has taken support around 11150 and can be considered a bounce-back from this level though more downside can't be ruled out yet ahead of uncertainty about US-China trades and election outcome.

Major Results Today :
Nestlé, Siemens, Pidilite, PTC

🎯 News & Impact 🎯

Results Updates :

🎯 Vodafone Idea (Q4, QoQ) :
Revenue up 0.1 % to Rs.11,775 crore.
Net loss at Rs. 4,881.9 crore versus net loss of Rs.5,004.6 crore.

🎯 Godrej Industries (Q4, YoY) :
Revenue up 48.3 % to Rs.2971.8 crore. Net profit up 2.1x to Rs 297.4 crore. Ebitda profit of Rs. 238.3 crore versus Ebitda loss of Rs.156.8 crore.

🎯 Avadh Sugar :
recommended the issue of bonus shares in the ratio of 1:1.
Positive for the stock. 👍

🎯 Wockhardt :
Company gets UK MHRA approval for Daman Units.

🎯 Cox & King :
Company entered into strategic tie-up with RCI in India.

🎯 Zydus Cadila :
Company gets USFDA nod for blood pressure lowering drug.

🎯 Bharti :
Airtel partners with HDFC Life to offer insurance products.

🎯 Pennar :
Company group wins orders worth Rs. 3.11bn.

🎯 Engineers India :
signed a contract with Mangol Refinery from providing its PMC Services for construction of Crude Oil Refinery plant in Mongolia.

🎯 NIIT Technologies :
Company completed sale of 88.99 % stake in its arm ESRI India Technologies to Environment Systems Research Institute (USA).

🎯 D-Link (India) :
Company received show cause notice worth Rs.7.93 crore from the Customs Department. Company has claimed it has paid in advance.

🎯 Max Financial Services :
Company promoter group Max Ventures Investment Holdings created pledge of 2.2 lakh shares from May 9-10.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

13th May, 2019 Morning Brief

Market will open on a flat to negative note today as stocks in Asia fell with U.S. equity futures, while the yen and Treasuries climbed, after trade talks ended without a resolution and China said the U.S. must remove all extra tariffs.

Nifty index continued its weakness for the eighth consecutive trading session as every bounce was being sold in the market. It formed a Bearish Candle on daily as well as on the weekly charts which implies that bears are continuously putting pressure at higher levels. Consumer Price Index (CPI) on YoY basis is scheduled to be released on May 13, while inflation data for the month of April is slated to be released May 14, 2019. Trump on Friday ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China, underscoring a lack of progress by US and Chinese negotiators in talks aimed at ending an escalating trade war. India VIX is hovering near 26 signaled volatile sessions ahead.

Major Results Today :

HDFC, ITC.

🎯 News & Impact 🎯

Results Updates :

🎯 Larsen & Toubro (Q4, YoY) :
Revenue up 10 % to Rs.44,934 crore.
Net profit up 8 % to Rs.3,418 crore.

🎯 Eicher Motors (Q4, YoY) :
Revenue down 1.1 % to Rs.2,500.1 crore.
Net profit up 18 % to Rs.544.8 crore.

🎯 Syndicate Bank (Q4, YoY) :
Net interest income up 16.3 % to Rs. 1,952.3 crore.
Net profit at Rs.128 crore versus Net loss at Rs 2,195.1 crore.
Provisions up 3 % to Rs.5,288.4 crore. (Rs 5,444.1 crore QoQ).
Gross NPA at 11.37 % versus 12.54 % (QoQ).

🎯 Avenue Supermarts (Q4, YoY) :
Revenue up 32 % to Rs.5,033 crore.
Net profit up 21.5 % to Rs 203 crore.

🎯 Motilal Oswal Financial Services (Q4, YoY) :
Revenue down 0.9 % to Rs.656.6 crore.
Net profit up 10.5 times to Rs.146.1 crore.

🎯 Jet Airways :
SBI Capital Markets confirmed Etihad bid for Jet Airways.

🎯 UPL :
Company acquired 26.75 % stake in ‘Allfresh’ for Rs 9.24 crore. The target company is engaged in procuring and supplying fresh produce.

🎯 SRF :
Company to sell its engineering plastics division to DSM India (wholly-owned subsidiary of Royal DSM Netherlands) for Rs.320 crore.

🎯 Captain Polyplast : 
Inaugurated new manufacturing plant at Kurnool, Andhra Pradesh.

🎯 Larsen & Toubro :
Board approved merger with L&T Shipbuilding Ltd. (a wholly-owned subsidiary).

🎯 Welspun India :
Order sanctioning the scheme of amalgamation of Prasert Multiventure Pvt. Ltd. with company was pronounced by NCLT Ahmedabad Bench.

🎯 Texmaco Rail & Engineering :
Company allotted 47.85 lakh equity shares shareholders of Bright Power Projects in the ratio of 818:100 i.e. 818 fully paid-up equity shares of the Company against every 100 fully paid-up equity shares of Bright Power.

🎯 Adani Green Energy :
Company’s arm commissioned 50 MwAC Solar Power Project in UP, whose PPA is for 25 years. Another arm of Adani Green Energy won bid of setting 250 Mwac wind power project issued by Solar Energy Corporation of India, whose PPA is for 25 years.
Positive for the stock. 👍

🎯 Reliance Industries :
Company intended to close a 330,000 b/d crude unit in India’s Gujarat state for maintenance for two-to-four weeks. The Company will also close some secondary units for maintenance. 

🎯 Gail :
Company said that it has accelerated work for Jagdishpur-Haldia & Bokaro—Dhamra Pipeline project and completed awards worth Rs.10,500 crore for line pipe supply and laying.

🎯 PC Jeweller :
Company to demerge its export division to separate company – PCJ Gems & Jewellery Ltd. Export division contributed nearly 28.4 % (Rs 2,690.4 crore) of the revenue in 2017-18.

🎯 Welspun Corp :
NCLT sanctioned the scheme of arrangement between Welspun Pipes and Welspun Corp.

🎯 Shankara Building Products : Company started one new retail store in Bangalore measuring 5,000 square feet. Further, it has decided to close retail stores in Rajkot, Surat, Baroda, Nizamabad, Anakapalli and Sindhanoor. 

🎯 Bajaj Consumer Care :
Company promoter Bajaj Resources revoked pledge of 21.94 lakh shares on May 8.

🎯 Adani Transmission :
Company promoter group Gautam Adani revoked pledge of 21.49 lakh shares on May 8.

🎯 Future Retail :
Company promoter Future Corporate Resources created pledge of 1.25 lakh shares on May 8.

🎯 Indiabulls Real Estate :
Promoter released pledge of 3.75 crore equity shares or 8.32 percent equity.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

10th May, 2019 Morning Brief

A positive opening expected today in line with Asian markets which are trading higher.

Asian shares climbed with U.S. equity futures as the U.S. and China continued a pivotal round of trade negotiations ahead of tariff announcement.

Nifty has taken support around 11250 and closed above 11300 mark yesterday. Hopefully we can see a short covering from this level ahead of the US China trade deal. Any miss-expectations can shake the global markets and thus Indian too. 11180 would be the next support going ahead before election results.

🎯 News & Impact 🎯

Major Results Today :

SBI, L&T, Eicher Motors, Canara Bank.

Result Updates :

🎯 HCL Tech (Q4, QoQ)
Dollar revenue up 3.5 % at $2278 million.
Revenue up 1.9 % to Rs.15,990 crore.
Net profit down 2.1 % to Rs.2,550 crore.

🎯 Voltas (Q4, YoY) :
Revenue up 0.7 % to Rs.2,062.8 crore.
Net profit down 27.6 % to Rs.139.6 crore.
Ebitda down 43 % to Rs.144.2 crore.
Margin at 7 % versus 12.4 %.

🎯 Shankara Building Products (Q4, YoY) :
Revenue down 18.5 % to Rs.619.7 crore.
Net profit down 92.6 % to Rs.1.6 crore.

🎯 Mahanagar Gas (Q4, YoY) :
Revenue up 23.1 % to Rs.722.5 crore.
Net profit up 27.4 % to Rs.133.5 crore.
Ebitda up 21.5 % to Rs.214 crore.
Margin at 29.6 % versus 30 %.

🎯 PNB Housing Finance (Q4, YoY) :
Net Interest Income up 16.8 % to Rs. 465.4 crore.
Net profit up 51 % to Rs.379.8 crore.

🎯 Reliance :
Reliance Industries’ arm signed a definitive agreement to acquire 100 % stake in British toy retailer Hamleys for GBP 67.96 million (Rs.620 crore).

🎯 Lupin :
Luoin, Aptissen sign pact to sell Osteoarthritis injection in Canada. 

🎯 Jindal Steel :
Company bags Rs. 6.65bn order to supply rail to Indian Railways.

🎯 Dynamatic Technologies :
Company signs contract with Boeing Defense.

🎯 Quess Corp :
Company completed acquisition of 100 % stake in Greenpiece Landscape.

🎯 Larsen & Toubro, Mindtree :
Company acquired 33.05 lakh shares of Mindtree on May 9.

🎯 Welspun Corp :
Received additional pipe orders of 103 KMT which will be serviced from India. Order book stood at 1,698 KMT valued at Rs.14900 crore.

🎯 HDFC Life Insurance :
Company promoter Standard Life sold 3.3 crore shares from May 3-6.

🎯 Mcleod Russel :
Company promoter Williamson Magor & Company created a pledge of 78.32 lakh shares (7.5 %) in favour of IndusInd Bank on April 30.

🎯 Eveready Industries :
Promoter Williamson Magor & Company created a pledge of 56.83 lakh (7.82 %) in favour of IndusInd Bank on April 30.

🎯 Max Financial Services :
Company promoter group Max Ventures Investment Holdings created pledge of 50,000 shares on May 6.

🎯 Adani Transmission :
Company promoters created pledge of 6.42 crore shares and revoked pledge of 5.76 crore shares on May 6.

🎯 Sobha :
Company promoter PNC Menon created pledge of 1 crore shares and released pledge of 1 crore shares from April 22-23.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

9th May, 2019 Morning Brief

7Market will open with a negativeness today after 3 days' slide.

US markets turned to negative at the time of closing ahead of trade talks between US and China this week. The same jeopardise Asian cues today.

Nifty has formed another bearish candle on the daily chart yesterday which is for 6th day in a row. Nifty may find a support around 11300 - 11350 zone and we can expect a pull-back upto 11500-11550.

🎯 News & Impact 🎯

Major Results Today :

Asian Paints, HCL Technologies, Voltas, Mahanagar Gas.

Results Updates :

🎯 Titan (Q4, YoY) :
Revenue up 20.7 % to Rs.4,671 crore.
Net profit up 4.4 % to Rs 294.6 crore.

🎯 KEC International (Q4, YoY) :
Revenue up 4.9 % to Rs.3,841.2 crore.
Net profit down 0.9 % to Rs.193.9 crore.

🎯 Tata Communications (Q4, QoQ) :
Revenue down 0.6 % to Rs.4,243.5 crore.
Net loss at Rs.198.5 crore versus net profit at Rs.173.8 crore.

🎯 Shriram Transport Finance (Q4, YoY) :
Net Interest Income up 5 % to Rs.1,931.2 crore.
Net profit down 22.4 % to Rs 746 crore.

🎯 Glenmark Pharma :
Says Ryaltris Phase III study met primary endpoint and positive results were seen.

🎯 Dilip Buildcon :
Company’s arm received financial closure for hybrid annuity model project in Maharashtra worth Rs.1,141 crore.

🎯 TVS Motor :
Company’s Singapore arm to invest Rs 11.2 crore in Tagbox Solutions. The target company provides supply chain solutions.

🎯 Shree Renuka Sugars :
Company’s Mauritius arm entered a term-sheet with a potential investor to explore a transaction, which may result in the company ceasing to hold more than 50 % stake in its Mauritius arm.

🎯 Bharat Financial Inclusion :
Company completed its first direct assignment transaction worth Rs 1,107.4 crore for the financial year 2020.

🎯 Zee Entertainment Enterprises :
Catalyst Trusteeship sold 86 lakh shares or 0.9 % equity to Rs.342.3 each.

🎯 Vodafone Idea :
Vodafone Group’s international and domestic promoters pledged 44.39 % stake of the company to a group of seven international banks.

🎯 Future Lifestyle Fashions :
Company promoter Ryka Commercial Ventures created pledge of 27.5 lakh shares on May 7.
Negative for the stock.

🎯 Eros International :
Media promoter Eros Worldwide created pledge of 27.5 lakh shares from May 3-6.
Negative for the stock.

🎯 Emami :
Company promoters created pledge of 19.4 lakh shares from April 20-May 7.
Negative for the stock.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

8th May, 2019 Morning Brief

Market will open on a negative note today as slide in global markets continued.

U.S. equities fell by the most since March as investors remained on edge over President Donald Trump’s threat to increase tariffs on billions of dollars of imports from China which spooked the global investors in the morning also.

Bears took control of D-street in the last one hour of trade and pushed the Nifty50 below crucial support levels on Tuesday. It was a roller coaster ride yesterday as the market started with a positive note and remained in positive territory for almost time. At yesterday's closing, Nifty50 has broken down a consolidation phaze of last 23 sessions between 11,800 & 11,550 levels. Now Nifty has a support zone at around 11300 - 11350 and furthermore at 11180 level which may be tested at the time of election outcome.

🎯 News & Impact 🎯

Major Results Today :
TITAN.

New Listing :
Neogen Chemicals 

Results Updates :

🎯 Vedanta (Q4 Consolidated, YoY) :
Revenue down 15 % to Rs.23,468 crore.
Net profit down 46 % to Rs.2,615 crore.
Negative for the stock.

🎯 Ceat (Q4 Consolidated, YoY) :
Revenue up 4.4 % to Rs.1,760.5 crore.
Net profit down 16.6 % to Rs.64.3 crore.

🎯 ABB India (Q1 Calendar year 2019, YoY) :
Revenue up 18.1 % to Rs.1,850.3 crore.
Net profit up 13.4 % to Rs.116.2 crore.

🎯 Brigade Enterprises (Q4 Consolidated, YoY) :
Revenue up 75.3 % to Rs.760 crore.
Net profit up 3.3 times to Rs.59.7 crore.

🎯 Dr Reddy's :
Company announces launch of Testosterone Gel, 1.62%.

🎯 Unichem Labs :
Company gets USFDA tentative nod for allergic rhinitis drug.

🎯 Lupin :
Company gets tentative USFDA approval for Fosaprepitant.

🎯 Alembic Pharma :
Company entered into a joint venture contract with SPH Group and Adia to promote and sell pharma products for the Chinese markets.

🎯 Biocon :
Company retained economic interest in global commercialization of Hulio, a biosimilar drug which is licensed by Mylan and will gain a share of profits from global markets.

🎯 Zee Entertainment :
Essel Group said Zee Entertainment stake sale at advanced stage. 
Negative for the stock.

🎯 Dewan Housing Finance :
Company received the National Housing Bank’s nod to sell entire stake of 9.15 percent in Aadhar Housing Finance to Blackstone’s arm.

🎯 FDC :
Company said that a fire incident occurred in its Maharashtra plant on May 3. The company said production was disrupted for a few hours and there will not be any significant impact on the operations of the company and it also has adequate insurance coverage.

🎯 Vakrangee :
Company announced alliance with Dish TV for distribution of subscription recharge and providing collection services.

🎯 MindTree :
Launches QuikDeploy to Accelerate SAP S/4HANA Transitions

🎯 Ingersoll-Rand (India) :
Gardner Denver Holdings makes an open offer to acquire 82.07 lakh shares (26 percent stake) from public shareholders at Rs. 592.02 per share.

🎯 Trigyn Technologies :
UNAIDS has signed a non-exclusive Long-Term Agreement (LTA) with Trigyn Technologies' wholly owned subsidiary Trigyn Technologies Inc.

🎯 Emami :
Company promoters created pledge of 44 lakh shares on April 30.
Negative for the stock.

🎯 Jubilant FoodWorks :
Company promoter Jubilant Consumer revoked pledge of 39.72 lakh shares from May 2-3.
Positive for the stock. 👍

🎯 Mcleod Russel :
Company promoter Woodside Parks invoked pledge of 21.42 lakh shares from April 30-May 3.
Positive for the stock. 👍

🎯 Mercator :
Company promoter & director Harish Kumar Mittal invoked pledge of 17.5 lakh shares from April 30-May 3.
Positive for the stock. 👍
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

7th May, 2019 Morning Brief

Market will open with a gap up backed by bounce-back in Asian markets.

Markets fell sharply tracking fall in global markets after Trump threatened to raise tariffs on $200bn worth of Chinese goods, casting doubts over trade talks scheduled this week. Nikkei India Services PMI slips to 7-month low at 51 in April.

Nifty formed a Doji kind of candle on the daily charts. Nifty can stretch the gains upto 11700 mark and it's interesting to see whether it will pop up above 11750 and could sustain. On the downside, it has a strong support at 11550 though 11180 could not be ruled out in this volatile scenario looking ahead because of election results.

🎯 News & Impact 🎯

Major Results Today :

VEDL.

Results Updates :

🎯 ICICI Bank (Q4, YoY) :
Net Interest Income up 26.5 % to Rs. 7,620 crore.
Net profit down 5 % to Rs.969 crore.
Gross NPA at 6.7 % versus 7.75 % (QoQ).
Positive for the stock. 👍

🎯 Bharti Airtel (Q4 Consolidated, QoQ) :
Revenue up 1.8 % to Rs.20,602 crore.
Net profit up 24.4 % to Rs.107 crore.
Ebitda up 6.7 % to Rs.6,632 crore.
Margins at 32.2 % versus 30.7 %.
Positive for the stock. 👍

🎯 Marico (Q4 Consolidated, YoY) :
Revenue up 8.7 % to Rs.1,609 crore.
Net profit up 2.2 times to Rs. 406 crore.

🎯 Wockhardt (Q4 Consolidated, YoY) :
Revenue down 3.8 % to Rs.979.1 crore.
Net loss of Rs.13.9 crore versus net loss of Rs.152.9 crore.

🎯 Gujarat Gas (Q4 Standalone, YoY) :
Revenue up 10 % to Rs.1907.6 crore.
Net profit up 76.5 % to Rs.116.5 crore.
Positive for the stock. 👍

🎯 Godrej Agrovet (Q4 Consolidated, YoY) :
Revenue up 12.5 % to Rs.1343.9 crore.
Net profit up 4.5 times to Rs.113.7 crore.
Positive for the stock. 👍

🎯 Great Eastern Shipping Corporation  (Q4 Consolidated, YoY) :
Revenue up 26.7 % to Rs.974.4 crore.
Net profit at Rs.148.5 crore versus net loss of Rs.419.1 crore.
Positive for the stock. 👍

🎯 HDFC Bank :
Stock split.
Positive for the stock. 👍

🎯 Astec Lifesciences :
Company withdrew its merger proposal with Godrej Agrovet.

🎯 Alembic Pharma :
Company JV receives EIR from USFDA for Gujarat plant. 

🎯 Strides Pharma :
USFDA recommends action against Strides Pharma Science Puducherry unit. 

🎯 Dhanuka Agritech :
Company launched three new products in domestic market ranging from herbicides to pesticides.

🎯 UPL :
NACL entered into a long-term manufacturing contract with UPL for manufacturing agrochemical intermediates for Rs.75 crore per annum for six years.

🎯 Lemon Tree Hotels :
Company opened a 49-room property in Rajasthan.

🎯 Indian Overseas Bank :
Bank said that as a part of strategy to raise its capital by selling non-core assets it has identified 32 properties for sale including prime properties in Singapore and Hongkong aggregating in value to Rs.900 crore.
Positive for the stock. 👍

🎯 PNC Infratech :
Company executed share purchase agreement to sell 35 % stake in Ghaziabad Aligarh Road Project for Rs. 270 crore to Cube Highways.

🎯 Mcleod Russel :
Company completed sale of 45 percent stake in its Rwandan arm to Borelli and Rwanda Tea Company (U.K.).

🎯 Bharti Airtel :
To transfer its VSAT business undertaking to Hughes Communications India and HCIL Comtel on a going concern basis by way of slump sale. 

🎯 Majesco :
Capgemini has signed an alliance partner agreement with Majesco for insurance business transformation.

🎯 CG Power :
Agreement terminated with Ganz Villamossagi Zrt and Alester Holdings with respect of the sale of assets and shares of the company's businesses in Hungary owned by the company's subsidiary, CG Electric Systems Hungary Zrt

🎯 Sun Pharma :
Company promoter Shanghvi Finance revoked pledge of 79.75 lakh shares on May 6.
Positive for the stock. 👍

🎯 Adani Enterprises :
Company promoter group Gautam Adani revoked pledge of 4 lakh shares on May 3.
Positive for the stock. 👍

🎯 Sterlite Technologies :
the promoters have informed that they have reached an "in-principle" agreement with their lenders, basis which they expect the removal of Pledge of Shares of the company to get completed by end of July, 2019.
Positive for the stock. 👍
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Edited by Sharp.

6th May, 2019 Morning Brief

Market will open with a gap down as Asian equity markets were roiled after President Donald Trump’s threat to increase tariffs on Chinese imports cast a cloud over talks this week that were expected to finalise a trade deal. US market futures also trading with a 2% slide.

The rally in U.S. stocks on Friday, picked up pace after the long-awaited jobs report boosted optimism in the world’s largest economy.

Nifty has got stuck in between 11,550 to 11,856 levels from the last 22 trading sessions and this consolidation has been contracted to 11564 and 11796 levels from last eight session. Corporate earnings, Factory factory output, manufacturing growth & US China trade talks progress will be the factors that may keep market volatile this week.

🎯 News & Impact 🎯

Major Results Today :
Bharti Airtel, ICICI Bank

Results Updates :

🎯 HUL (Q4, YoY) :
Revenue up 9.3 % to Rs.9,945 crore.
Net profit up 13.8 % to Rs.1,538 crore.

🎯 LIC Housing Finance Q4 :
Net profit up 16.7% at Rs 693.6 crore versus Rs.594.3 crore;
Revenue up 20.1% at Rs 4,655.1 crore versus Rs 3,877.6 crore, YoY.

🎯 L&T Technology Services (Q4, QoQ) :
Revenue up 2 % to Rs.1,343.1 crore.
Net profit up 3.2 % at Rs.191.5 crore.

🎯 Tata Chemicals (Q4, YoY) :
Revenue up 8 % to Rs.2,759.4 crore.
Net profit down 65 % to Rs.408.7 crore.

🎯 PTC India Financial Services (Q4, YoY) :
Revenue up 11.5 % to Rs.330.81 crore.
Net profit at Rs. 36.75 crore versus net loss of Rs.264.67 crore.

🎯 Cadila Healthcare : 
Received 14 observations on its formulations manufacturing facility in Moraiya, Ahmedabad (Gujarat) from U.S. FDA.

🎯 Bharti Airtel :
Africa unit is said to raise about $1 billion from London listing and target a trading debut in June. The unit is seeking an equity valuation of about $5 billion: Bloomberg.

🎯 Vodafone Idea :
Signed a $700-800 million (Rs 4,900 crore-5,600 crore) 5-year technology outsourcing contract with IBM.

🎯 Indiabulls Housing Finance, Lakshmi Vilas Bank, Indiabulls :
Companies amend merger proposal agreement.

🎯 Hyderabad Industries :
Commenced the final phase production of its pipe and fittings at Gujarat plant. This phase of production will add capacity of 2,916 million tonne per annum.

🎯 Amber Enterprises :
Completed the acquiring 80 % stake in Sidwal Refrigeration with effect from May 2. 

🎯 ONGC :
Restored operations at its field off India’s east coast after Cyclone ‘Fani’ made landfall without causing any disruption to its offshore installations.

🎯 Yes Bank :
RBI imposed a penalty of Rs.11.25 lakh due to violations in issuance and operation of prepaid instruments.

🎯 IndiGrid :
Company to buy $1.66 billion of Sterlite assets after capital infusion by KKR, GIC.

🎯 Tata Steel :
ThyssenKrupp said on Sunday it still saw scope for agreement with European antitrust regulators on a planned joint venture with Tata Steel despite a Financial Times report that Brussels was likely to block the deal. 

🎯 PNC Infra :
Company to sale entire stake (15.12%) in Ghaziabad Aligarh Expressway to Cube Highways and Infrastructure PTE.

🎯 Bharat Road Network :
Company has entered into a share purchase agreement with Cube Highways and Infrastructure Pte for sale of its holding in Ghaziabad Aligarh Expressway.

🎯 Sun Pharma :
Company promoter group Shanghvi Finance revoked pledge of 36 lakh shares on April 26.
Positive for the stock. 👍

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Edited by Sharp.

3rd May, 2019 Morning Brief

Market will open on a flat note today after a roller coster movement yesterday.

Bulls failed to keep the momentum going as bears pushed the index lower in the last half an hour of the trade on yesterday.

On the global front, U.S. stocks fell for a second day. 
Oil plunged yesterday with US crude dropping almost 3 % as the market grappled with oversupply fears as increased US sanctions on Iran had more gradual impact than expected and US crude oil inventories rose sharply.

Nifty formed a long leged doji on the daily chart yesterday. 11800 and 11550 are the levels to watch closely beyond which another momentum can be expected.

🎯 News & Impact 🎯

Major Results Today :
Hindunilvr.

Results Updates :

🎯 Larsen & Toubro Infotech (Q4, QoQ) :
Revenue up 0.5 % to Rs.2,486 crore.
Dollar revenue growth up 2 % at $353.8 million.
Net profit up 0.9 % to Rs.378.9 crore.

🎯 Blue Star (Q4, YoY) :
Revenue up 18.5 % to Rs.1,595.8 crore.
Net profit up 2.5 times to Rs. 79.8 crore.

🎯 Tata Power (Q4, YoY) :
Revenue up 0.2 % to Rs.7,230.2 crore.
Net profit down 95.5 % to Rs.57.6 crore.

Auto Sales :

🎯 Tata Motors :
Domestic commercial and passenger vehicles sales down 20 % to 42,577 units.
Exports down 53 % to 1,402 units.

🎯 Hero MotoCorp :
Two-wheeler sales down 17 % to 5.74 lakh units.

🎯 Alembic :
Company gets USFDA approval for Olopatadine Hydrochloride Ophthalmic Solution.
Positive for the stock. 👍

🎯 Capacite Infraprojects :
Company wins Rs.229cr order from Raymond Realty unit.
Positive for the stock. 👍

🎯 Lupin-Natco :
Lupin, Natco Pharma get USFDA nod to market generic hypertension drug.
Positive for the stock. 👍

🎯 L&T :
L&T-Construction awarded large contract for gold processing worth Rs.25-30bn.
Positive for the stock. 👍

🎯 DLF :
Transferred a retail mall in Noida to one of its subsidiaries for Rs.2,950 crore. The value was derived on the basis of the valuation report of an independent valuer.

🎯 Adani Enterprises :
Carmichael coal project hit with further setback. Queensland government rejects Adani’s plan to protect a rare species of finch.
Negative for the stock.

🎯 Ruchi Soya :
Patanjali Resolution plan won lenders’ approval.

🎯 HDFC Life Insurance :
Promoter Standard Life (Mauritius Holdings) 2006 to sell up to 3.6 crore shares, or 1.78 % stake in the open market.
Negative for the stock.

🎯 Ircon International :
Company received an order worth $91.27 million from the Sri Lankan Government for upgradation of railway tracks.

🎯 Persistent Systems :
Company joined Siemens partner program to bring industrial digital solutions to the market.

🎯 Grasim :
Company said its brownfield expansion of 45 TPD value-added specialty fibre capacity at Gujarat Plant has been fully commissioned and the commercial productions has commenced from May 1.

🎯 Nirlon :
Company promoter group Shital Trading & Interiors created pledge of 75,000 shares on April 18.
Negative for the stock.

🎯 Zuari Agro Chemicals :
Company promoter Zuari Management & Services created pledge of 15.6 lakh shares on April 25.
Negative for the stock.

🎯 Future Lifestyle Fashions :
Company promoter Ryka Commercial Ventures croreeated pledge of 40.4 lakh shares on April 27.

🎯 Apollo Hospitals Enterprise :
Company promoter group PCRORE Investments revoked pledge of 47.85 lakh shares on April 30.
Positive for the stock. 👍

🎯 Future Retail :
Company promoter Future Corporate Resources croreeated pledge of 37.9 lakh shares on April 27.
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Edited by Sharp.

2nd May, 2019 Morning Brief

Market will open on a flat note today after a holiday.

U.S. stocks fell with Treasuries, while the dollar advanced as the Federal Reserve pushed back on market expectations that its next move would be a rate cut.

Major Results Today :
Larsen & Toubro Infotech, Bandhan Bank, Dabur

🎯 News & Impact 🎯

April Auto Sales (YoY)
🎯 Maruti Suzuki India’s sales fell 17 percent to 1.43 lakh units.
🎯 Escorts’ sales declined 14.9 percent to 5,264 units.
🎯 Atul Auto’s sales rose 22.2 percent to 3,346 units.
🎯 Suzuki Motorcycle India’s sales jumped 9.25 percent to 57,072 units.
🎯 Honda Cars’ sales soared 23.2 percent to 11,272 units.
🎯 Eicher Motors’ Royal Enfield sales fell 17 percent to 62,879 units.

Results Updates :

🎯 Britannia (Q4, YoY) :
Revenue up 10.3 % to Rs 2,764 crore.
Profit up 11.8 % to Rs.297 crore.
Ebitda up 10 % to Rs.436 crore.
Margin flat at 15.6 %.

🎯 TVS Motor (Q4, YoY) :
Revenue up 9.4 % to Rs.4,384 crore.
Net profit down 19.2 % to Rs.133.8 crore.

🎯 Ambuja Cements (Q1CY19, YoY) :
Revenue up 2.3 % to Rs.2,927.6 crore.
Net profit up 57.1 % to Rs 427 crore.

🎯 Ajanta Pharma (Q4, YoY) :
Revenue down 2.8 % to Rs.515.2 crore.
Net profit down 5.9 % to Rs.88.9 crore.

🎯 Indian Hotels (Q4, YoY) :
Revenue up 8.8 % to Rs.1,244.3 crore.
Net profit up 52.1 % to Rs.115 crore.
Positive for the stock. 👍

🎯 L&T Infotech, Mphasis and PNB Housing Finance :
NSE to introduce F&O contracts for L&T Infotech, Mphasis and PNB Housing Finance from May 31.

🎯 Lupin & Natco Pharma :
Lupin, in alliance with Natco Pharma, received FDA approval for Bosentan tablets, used to treat hypertension.

🎯 DHFL :
Company met repayment obligations that were due on April 30 and repaid principal of Rs.500 crore and interest payments of Rs. 332 crore.

🎯 63 Moons Technologies :
Supreme Court set aside the merger order of NSEL with the company. 
Negative for the stock.

🎯 L&T & Mindtree :
L&T held 19.96 % equity stake in Mindtree as on April 30 after acquiring 3.3 crore shares at Rs.980 each from VG Siddhartha, Coffee Day Enterprises and Coffee Day Trading.

🎯 Bharat Heavy Electricals signed an MoU with Automotive Research Association of India for various projects related to e-mobility.

🎯 Embassy Office Park REIT: Four Seasons Hotel in Bengaluru to commence operations from May 1. 

🎯 Cochin Shipyard :
Company signed a contract for construction of eight water crafts worth Rs 6,311.32 crore for the Indian Navy.

🎯 Skipper :
Skipper-Metzer India LLP inaugurated its first manufacturing plant in Hyderabad with an annual manufacturing capacity of 880 lakh meters of various drip and sprinkler irrigation products.

🎯 KKR, GIC :
KKR and GIC are seeking to buy $400 million stake in India Grid Trust.

🎯 Mercator :
Company sold its large carrier for $27.5 million and said that the net proceeds will be used to reduce debt and other liabilities.

🎯 Newgen Software Technologies :
Company incorporated a wholly owned arm in Australia.

🎯 Varun Beverages :
Concluded acquisition of franchise rights in South and West regions from PepsiCo.

🎯 KIOCL :
entered into tripartite MOU with Emirates Steel, Abu Dhabi and Star Global, Dubai for sale of high grade Pellets to Emirates Steel.

🎯 Chambal Fertilisers & Chemicals : Promoter group Simon India created a pledge of 17.6 lakh shares on April 25.

🎯 Adani Transmission :
Promoter Gautam Adani revoked pledge of 2.04 crore shares on April 26.

🎯 Adani Enterprises :
Company promoter Gautam Adani revoked pledge of 94.54 lakh shares on April 26.

🎯 Adani Ports & SEZ :
Company promoter Gautam Adani revoked pledge of 6.78 crore shares on April 26.

🎯 Reliance Power :
IDBI Trusteeship Services invoked pledge of 7.62 crore shares on April 30.

🎯 Emami :
Company promoters created pledge of 2.6 lakh shares on April 24 and revoked pledge of 9,000 shares on April 25.
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Edited by Sharp.