11th July, 2019 Morning Brief

Market will open with a gap up today.

U.S. stocks rose toward all-time highs, gold rallied and the dollar fell as comments of Federal Reserve Chairman Powell hinted at rate cuts.

Asian stocks posted modest gains, following their U.S. counterparts, after comments by Federal Reserve Chairman Jerome Powell comments signalled a rate cut this month.

🎯 News & Impact 🎯

Results Updates :

🎯 GTPL Hathway (Q1, YoY) :
Revenue up 50 % to Rs. 445.5 crore.
Net profit up 123 % to Rs.29 crore.
Ebitda up 37 percent to Rs. 107 crore.
Positive for the stock. 👍

🎯 Sun Pharma :
Company gets US FDA approval for Risedronate Sodium Tablets.

🎯 Aurobindo Pharma :
Company to launch Cinacalcet Hydrochloride Tablets in the U.S. Cinacalcet Hydrochloride tablets had an annual sale of approximately $1.5 billion for the twelve months ending May as per IQVIA.

🎯 Cox & Kings :
Company clarified that it had not defaulted on interest payment on its NCD as the date for the payment of interest due is as of Aug. 5, and not June 30 as brought to its notice by the debenture trustee/subscriber.

🎯 Religare Enterprises :
Company to sell Religare Finvest to TCG advisory.

🎯 Ajmera :
Company realty to jointly develop commercial units at Ghatkopar.

🎯 Saksoft Ltd. :
Company completed the acquisition of Dreamorbit.

🎯 TCS :
Company iON, strategic unit of company, collaborated with All lndia Council for Technical Education (AICTE) to equip students with career skills.

🎯 MSTC :
Company in pact with Heavy Engineering Corp for scrap disposal.

🎯 TVS Motor Company :
Company launched a new 100cc motorcycle, TVS Sport in Sri Lanka.

🎯 Premier Explosives :
Company secured orders worth Rs.15 crore from Bharat Dynamics for supply of solid propellants for Medium Range Surface to Air Missiles.

🎯 V-Mart :
Company retail opened a new store in Uttar Pradesh.

🎯 Greaves cotton :
Company raised stake in unit Ampere Vehicles for Rs. 22.5 crore.

🎯 Bhageria industries :
Company said GIDC passed order in favor of company for transfer of 13.679 sq. mt land at Vapi.

🎯 RTS Power Corporation :
Company proposed to set up its new factory at its land at Parasrampura, Rajasthan for the manufacturing of steel wires and strips, galvanized and non-galvanized and other downstream products made out of steel wires and strips, galvanized and non-galvanized of the capacity of 12000 MT per annum.

🎯 Premier Explosives :
Company received an order from Bharat Dynamics Limited (BDL) for supply of solid propellants for Medium Range Surface to Air Missile (MRSAM) for a value of Rs.14.99 crore to be executed within a period of 14 months.

🎯 Prime Customer Services :
SMERA has assigned the highest rating to company as MSE Rating -1 which indicates highest credit worthiness in relation to other MSEs.

🎯 Adani Green :
Company promoters Adani Trading created pledge on six crore shares.
Negative for the stock. 👎
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Edited by Sharp.