3rd September, 2019 Morning Brief

Market will open on a negative note today.

Asian stocks were mixed in thin trading as Chinese and American officials struggled to schedule a planned meeting this month to continue trade talks.

The Indian economy continued to slow down in the April-June quarter, as private consumption in the economy weakened further. Gross domestic product rose by 5 % in the first quarter of 2019-20 compared to 5.8 % in the previous quarter.

🎯 News & Impact 🎯

🎯 Eicher :
Motorcycles Sales Total fell 24 % to 52,904 units.
Exports rose 205 % to 4,152 units.

🎯 Maruti Suzuki :
Total sales fell 33 % to 1,06,413 units. Domestic sales slumped 34 % to 97061 units.
Export sales were down 10.8 % to 9,352 units.

🎯 Mahindra & Mahindra :
Total sales down 25 % to 36,085 units. Domestic sales fell 26 % to 33,564 units. Export sales slipped 15 % to 2,521 units.

🎯 Hero MotoCorp :
Company Sales down nearly 21 % to 5,43,406 units.

🎯 Tata Motors :
Commercial vehicle sales slumped 45 % at 21,824 units.
Passenger vehicle sales plummeted 58 % to 7,316 units.

🎯 Indian Bank :
Asset quality of Allahabad is weaker than Indian bank.
Negative for Indian Bank.

🎯 BPCL / IOC :
The Centre is planning to offload its entire stake worth a little more than Rs 40,000 crore in Bharat Petroleum Corporation (BPCL), most likely to fellow state-owned oil-marketing company Indian Oil Corporation (IOCL), a deal that will go a long way in the Narendra Modi government meeting its highest-ever disinvestment target of Rs 1.05 trillion.
Positive for BPCL. 👍

🎯 BHEL :
Bharat Heavy Electricals Ltd (BHEL) is setting up a network of solar-based Electric Vehicle Chargers (SEVC) on the DelhiChandigarh Highway.

🎯 HDFC Bank :
Bank agreed to sell its entire stake of 10% in the equity share capital of GSTN

🎯 L&T :
L&T's power business won Rs. 2,500 - 5,000 crore order from THDC India Ltd.

🎯 GSK Pharma :
Company sold its Thane land parcel of 60 acres to Oberoi Realty for Rs 889.5 crore.
Positive for the stock. 👍

🎯 SPML Infra :
Company receives World Bank funded power project orders worth Rs.1774 million.
Positive for the stock. 👍

🎯 Aurobindo Pharma :
Company’s Netherlands arm has entered into an agreement with Shanghai LongJin Investment Company (China) and Sveva Capitals (Hong Kong) to establish a joint venture in China for development, manufacturing, marketing and sale of pharmaceutical products for China excluding Taiwan, Hong Kong and Macau.

🎯 IL&FS :
Company Group has received a total of 14 binding orders from multiple bidders for 10 road assets. These road assets account for Rs 17,700 crore of total debt.

🎯 KNR Constructions :
Company receives work order for Rs.850 crore from Megha Engineering & Infrastructures.

🎯 SAIL :
Company to give land for pellet plant to be set up under JV with KIOCL.

🎯 BSE :
BSE to introduce weekly F&O contracts for 149 stocks in Equity Derivatives Segment with effect from Sept. 19.

🎯 Alkem Laboratories :
Company received two Form 483 observations by U.S. Food and Drug Administration for its manufacturing facility in Daman.

🎯 Sun Pharma :
Company’s NDA for Oral Rimet ER gets U.S. FDA approval.

🎯 Divi’s Laboratories :
Company received zero critical observations from HPRA (Ireland) and JAZMP (Slovenia) for Unit 2, Vishakhapatnam facility’s inspection.

🎯 Power Grid Corporation :
Company declared successful bidder for two Transmission Projects.

🎯 HDFC :
Company sold 6.74 crore shares of Gruh Finance at Rs 247.15 each aggregating to Rs.1,665.8 crore. 

🎯 IFB Industries :
Company to acquire Stamping Business and Motor Business from its arm IFB Automotive for Rs.45 crore.

🎯 Neuland Laboratories :
Company received Establishment Inspection Report for its Hyderabad manufacturing facility by U.S. FDA.

🎯 Tanla Solutions :
Company has entered into a share purchase agreement to acquire 100 percent stake in automation platform company Gamooga Softtech for Rs 48.45 crore. 

🎯 MOIL :
Company reduces price of Ferro Grade, SMGR (Mn30% & Mn25%), Fines and Chemical Grades of ore by about 5 %.

🎯 L&T Infotech :
Company has completed the 100 % acquisition of Lymbyc Solutions.

🎯 L&T Construction :
Company awarded contract from Navi Mumbai international airport.

🎯 BPCL :
Company to spend Rs.22,500 crore for expansion of Numaligarh refinery. 

🎯 Biocon :
Company said U.S. FDA issued Complete Response Letter for the New Drug Application for Insulin Glargine filed by partner Mylan.

🎯 Amber Enterprises :
Company extended the timeline for acquisition of remaining 51 percent in EVER Electronics by Oct. 31.

🎯 L&T Construction :
Company awarded contract for Navi Mumbai International Airport project by GVK subsidiary.

🎯 IndiGo :
IOCL cut ATF prices for the fourth consecutive month.
Positive for the stock. 👍

🎯 NCC :
Company promoter AGK Raju released pledge of 40 lakh shares on Aug. 28.
Positive for the stock. 👍

🎯 JSW Steel :
Company promoters created pledge of 1.25 crore shares on Aug. 27.
Negative for the stock. 👎

🎯 Adani Ports & ZEZ :
Company promoter Gautam Adani revoked pledge of 17,800 shares on Aug. 29.
Positive for the stock. 👍

🎯 JSW Energy :
Company promoters created pledge of 1.5 crore shares from Aug. 27-28.
Negative for the stock. 👎

🎯 Adani Transmission :
Company promoter group Gautam Adani created pledge of 6.23 lakh shares on Aug. 29.
Negative for the stock. 👎

🎯 IG Petrochemicals :
Company promoter group Gembel Trade sold 51,000 shares from Aug. 29-30.
Negative for the stock. 👎

🎯 JSW Steel :
Company promoter groups acquired 7 lakh shares from Aug. 26-27.
Positive for the stock. 👍

🎯 Tourism Finance Corporation : Company promoter group India Opportunities Fund acquired 55,000 shares on Aug. 28.
Positive for the stock. 👍

🎯 Cadila Healthcare :
Company promoter Zydus Family Trust acquired 2.01 lakh shares in Aug. 29.
Positive for the stock. 👍

🎯 HG Infra Engineering :
Company promoter Girish Pal Singh acquired 52,000 shares on Aug. 26.
Positive for the stock. 👍
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Edited by Sharp.

30th August, 2019 Morning Brief

Market will open on a negative note today.

Stocks in Asia tracked a U.S. rally after China indicated it wouldn’t immediately retaliate against the latest American tariff increase.

US markets rose for a second day after a spokesman for China’s commerce ministry said that escalating the conflict won’t benefit either side and that it was more important to discuss removing the extra duties.

Market awaits for the data to be announced today on Fiscal deficit for July, Eight Infrastructure Industries Index for July and GDP for quarter-ended June; estimated 5.7 % (prior 5.8 %).

Nifty has made a bearish candle on the daily chart on yesterday. Nifty50 has a strong resistance zone at 11150 to 11180 zone.

🎯 News & Impact 🎯

🎯 Hindalco :
European Union Regulators to approve $2.6 billion Novelis Aleris deal.

🎯 GRUH Finance :
HDFC to sell 9.2 % stake or 6.74 crore shares in company via block deals.

🎯 Adani Green Energy :
Company signed definitive agreement to acquire 10 renewable power-based companies which are valued at enterprise value of Rs.1,300 crore from Essel Group.

🎯 PNC Infratech :
Company declared lowest bidder for NHAI’s EPC project in Lucknow for a quoted price of Rs.1,062 crore.

🎯 MSTC :
Bharti Airtel has appointed the company as selling agent for disposables of articles through the company’s auction website.

🎯 HDFC Bank :
Bank to split its face value and paid value from Rs 2 to Re 1, per share with effect from Sept. 19. To sell entire stake in India GST Network for Rs 1 crore

🎯 Max Financial Services :
Company to invest Rs.10 crore in rural housing and mortgage arm.

🎯 Apollo Pipes :
Promoter Sanjay Gupta acquired 6.3 lakh shares (4.8 %) at Rs.333.1 each.

🎯 SW Steel :
Company promoters created pledge of 1.1 crore shares from Aug. 20-27.

🎯 JSW Energy :
Company promoter JSW Investments created pledge of 1.5 crore shares on Aug. 27.

🎯 Steel Strips Wheels :
Company promoter group SAB industries released pledge of 4 lakh shares on Aug. 26.

🎯 Emami :
Company promoter groups created pledge of 37.5 lakh shares from Aug. 26-27.

🎯 Adani Ports & SEZ :
Company promoter group Gautam Adani created pledge of 4 lakh shares on Aug. 27.

🎯 Orient Cement :
Company promoter Shekhavati Investments and Traders created pledge of 23 lakh shares on Aug. 27.

🎯 Orient Electric :
Company promoter Shekhavati Investments and Traders created pledge of 3.8 lakh shares on Aug. 27.

🎯 Glenmark Pharmaceuticals :
Company receives ANDA approval for Pimecrolimus Cream, 1%

🎯 Wipro :
Company and Google Cloud expand partnership to accelerate digital transformation for enterprises.

🎯 Premier Explosives :
Company received the license from Chief Controller of Explosives, Nagpur for manufacture of Solid Propellant at factory situated at Katepally, near Hyderabad.
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Edited by Sharp.

29th August, 2019 Morning Brief

Market will open on a negative note today after a roller coster session on yesterday.

Asian stocks were off to a muted start Thursday as investors awaited the next steps in the U.S. and China trade negotiations.

Oil maintained gains after a bigger-than-expected drop in American crude inventories and as Iran all but ruled out a U.S. meeting.

🎯 News & Impact 🎯

🎯 Nestle & Indiabulls Housing Finance to be excluded from Nifty 50 Index with effect from Sept. 27. Stock will be replaced by Nestle India. 
Positive for Nestle. 👍

🎯 Coal India & Steel Sector :
100% FDI allowed in Coal Mining.
Positive for the stock & steel companies.

🎯 Sugar Stocks :
Cabinet approved export subsidy for exporting 60 lakh metric tonne of sugar. Sugar export subsidy will go directly to farmer accounts.
Positive for the stocks. 👍

🎯 L&T Finance :
IIFL Wealth Group to acquire L&T Finance Holdings’ wealth management business for Rs 230 crore. Group entered into a definitive agreement to acquire 100 % stake in L&T Finance Holding’s wholly owned arm L&T Capital Markets.

🎯 Sun Pharmaceutical Industries :
Company has initiated clinical development of new indications for its psoriasis drug Ilumya which will require front-ended investments, Chairman Israel Makov said at shareholders’ meeting in Vadodara. 

🎯 Balaji Amines :
Company arm has completed the EU REACH Registration process for Ethylenediamine. Registration will allow the company to supply the Ethylenediamine to large number of European customers.

🎯 Mahindra CIE Automotive :
Acacia Banyan Partners increased in their stake n the company from 4.75 percent to 5.01 percent on Aug. 21.

🎯 Kingfa Science & Technology :
To start commercial production in its new manufacturing facility in Pune from Sept. 2.

🎯 Spring Fields Infraventures :
Company received purchase order worth Rs 1.93 crore from G Narayanamma Institute of Technology & Science, G Pulla Reddy Degree and PG College, and G Pulla Reddy Engineering College.

🎯 JMC Projects :
The holding company Kalpataru Power has received a notice from the World Bank alleging process violations in bids submitted by its transmission business on two projects in Africa more than 7 years ago.

🎯 Infosys :
Company strengthened collaboration with Microsoft to offer new solutions for clients to accelerate digital transformation.

🎯 Mas Financial :
Finance committee decided to invest the funds upto Rs 6 crore in MAS Rural Housing & Mortgage Finance

🎯 Bharti Airtel :
Airtel Africa crosses 100 million subscribers base.
Positive for the stock. 👍

🎯 Jindal Stainless :
Company promoter Ratan Jindal acquired 1.52 lakh shares from Aug. 23-26.

🎯 Jagran Prakashan :
Company promoter groups acquired 84,000 shares on Aug. 26.

🎯 IDFC First Bank :
Company promoter IDFC Financial acquired 1.15 lakh shares on Aug. 26.
Positive for the stock. 👍
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Edited by Sharp.

28th August, 2019 Morning Brief

Market will open on a positive note today.

Asian stocks were mixed Wednesday as investors assessed the latest in the unpredictable path of trade talks between the U.S. and China.

U.S. futures climbed after stocks closed lower in a seesaw session as it appeared that China was bracing for the worst on the negotiations with President Donald Trump’s credibility becoming a key impediment to a deal.

🎯 News & Impact 🎯

🎯 Alkem Labs :
Assetio sues Alkem to block copies of Nucynta ER painkiller.

🎯 Vedanta :
Zambia’s High Court suspended petition by state-owned ZCCM-IH to liquidate Vedanta Resources’ copper mine, pending ruling by country’s appeals court.

🎯 Dilip Buildcon :
Company received appointed date (Aug. 27) for EPC projects in Maharashtra from the National Highways Authority of India.

🎯 Essel Propack :
Promoter Epsilon Bidco has created a pledge of 75 % stake of the company’s equity in favour of DB International Trust.

🎯 Power Grid Corp :
Board approved investment approval for transmission system for Solar Energy Zones in Rajasthan, at an estimated cost of Rs 2578.5 crore, with the commissioning schedule as December 2020.

🎯 Aster DM Healthcare :
Company to set up Innovation and Research Facilities in India and Gulf Countries over the next three years.

🎯 MEP Infra Developers :
ICRA withdrew ratings of bank limit of Rs 50 crore on account of slower than anticipated progress in the six under-construction HAM Projects.

🎯 Hinduja Ventures :
Board approved mergers of the company’s arm IndusInd Media and Communications with self.

🎯 Fine Organics :
Company stated that the company’s new manufacturing facility had started operations in Maharashtra.

🎯 Premier Explosives :
New Solid Propellant Pant at Hyderabad gets inaugurated.

🎯 Triveni Turbine :
National Company Law Appellate Tribunal allowed General Electric Co. to sell a controlling stake in its step down subsidiary Baker Hughes LLC.

🎯 Emami :
Company promoters created pledge of 12.7 lakh shares from Aug. 22-23.
Negative for the stock. 👎

🎯 Wockhardt :
Company promoter Themisto Trustee created pledge of 3 lakh shares on Aug. 23.
Negative for the stock. 👎

🎯 DB Corp :
Company promoter DB Consolidated created pledge of 76 lakh shares from Aug. 23-26.
Negative for the stock. 👎

🎯 Kalpataru Power Transmission :
Company promoters created pledge of 36 lakh shares on Aug. 23.
Negative for the stock. 👎

🎯 JSW Energy :
Company promoter groups created pledge of 22.7 lakh shares from Aug. 23-26.
Negative for the stock. 👎
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Edited by Sharp.

27th August, 2019 Morning Brief

Market will open on a positive note today after yesterday's knee jerk effect.

Asian stocks posted modest gains Tuesday as the erratic trade narrative turned hopeful, lifting U.S. equities.
U.S. shares rose after President Donald Trump was positive on prospects for a trade deal and France’s Emmanuel Macron said things were moving forward between the U.S. and China.

Nifty has made a long-legged bullish candle on the daily chart yesterday. Important is to sustain at higher levels. INR jumped to it's 8 months' low of 72.2575 yesterday.

🎯 News & Impact 🎯

The Reserve Bank of India (RBI) will transfer a surplus of Rs.1.76 lakh crore to the government as it has approved the recommendations of Bimal Jalan committee at the central board meet held in Mumbai on August 26.

🎯 Reliance Nippon Life Asset Management :
Nippon Life Insurance increased its stake by 10.59 % to 53.46 %.
Positive for the stock. 👍

🎯 Pidilite Industries :
Company has entered into joint venture with engineering technologies company Chetana. The JV company will be responsible to deploy technology in the field of Post Compressed Aerated Concrete Wall Panels in projects in India, Sri Lanka and Bangladesh. 
Positive for the stock. 👍

🎯 Sun Pharma :
Taro gets US FDA approval for Azelaic Acid Gel.
Positive for the stock. 👍

🎯 Lupin :
Company said its South African arm Pharma Dynamics has signed a commercial agreement with Creso Pharma for hemp oil-based cannaQIX products.

🎯 Kajaria Ceramics :
Board approved merger of wholly-owned arm Kajaria Tiles with the company.

🎯 Strides Pharma Science :
Company to be excluded in F&O Segment with effect from Nov. 1.

🎯 LIC Housing Finance :
Fidelity Group reduced stake in the company from 9.76 % to 3.14 % on Aug. 22.

🎯 Sastasundar Ventures :
Mitsubishi Corporation signed an agreement to invest Rs.100 crore in company’s digital healthcare platform.

🎯 Excel Crop Care :
Company to be suspended from trading with effect from Aug. 29, due to composite scheme of amalgamation.

🎯 Kingfa Science & Technology (India) : Company started trial production at its new factory in Chakan Industrial Area, Pune.

🎯 IL&FS Transportation Networks :
Company defaulted in payment of non-convertible debentures interest aggregating to Rs 2.3 crore, which was due on Aug. 26.

🎯 Kamdhenu Paints :
Company has re-opened its paint’s production facility in Rajasthan.

🎯 Sun Pharma :
Company promoter Shanghvi Finance created pledge of 50 lakh shares on Aug. 22.
Negative for the stock. 👎

🎯 Kalaptaru Power Transmission :
Company promoters created pledge of 49 lakh shares on Aug. 23.
Negative for the stock. 👎

🎯 JSW Steel :
Company promoter group created pledge of 1.41 crore shares on Aug. 20.
Negative for the stock. 👎

🎯 Asian Paints :
Company promoter Rayirth Holdings revoked pledge of 10 lakh shares and created pledge of 7.6 lakh shares from Aug. 21-28.

🎯 Emami :
Company promoter groups created pledge of 6.25 lakh shares on Aug. 21.
Negative for the stock. 👎

🎯 JSW Steel :
Company promoter Vividh Finvest acquired 6.5 lakh shares from Aug. 20-21.

🎯 Usha Martin :
Company promoter Peterhouse Investments sold 2 lakh shares from Aug. 20-22.
Negative for the stock. 👎

🎯 Vodafone Idea :
Company promoter group Pilani Investment acquired 25 lakh shares on Aug. 22.

🎯 MEP Infra Developers :
Company promoter Anuya Mhaiskar acquired 4.35 lakh shares from Aug. 22-23.

🎯 Lemon Tree Hotels :
Company promoters acquired 19 lakh shares from Aug. 22-23.

🎯 Spencer’s Retail :
Company promoter group Castor Investments acquired 1.5 lakh shares from Aug. 22-23.
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Edited by Sharp.

26th August, 2019 Morning

Market will open on a higher note as a result of positive announcements by FM.

Asian stocks and U.S. equity futures fell while the yen and Treasuries climbed after the latest escalation in the Sino-American trade war.

S&P 500 contracts were down around 1% after sliding Friday when President Donald Trump announced additional levies on Chinese imports and called for American companies to pull out of Asia’s largest economy after China said it would impose retaliatory tariffs on U.S. goods.

Government trying to shun the recent public impression that it is disregarding economic growth. Announcements will serve well to boost sentiment. Expectations of more measures will likely drive a short-term bounce. Believe that durable pick-up may have to wait until earnings recover. Corporate banks, housing finance companies, vehicle financiers and autos are the key beneficiaries of the measures unveiled. Government offers a soothing balm to markets; FPI outflows to get arrested. However global slowdown and it's impact on our market will be still questioned. Positive for PSU banks, Auto and Housing sector.

Nifty formed a perfect Bullish piercing candle on the daily chart on Friday. The recent reform measures introduced by the govt could result in a kneejerk reaction. However, the gains might be capped, as the US President Donald Trump escalated the trade war as he announced a wave of higher tariffs on Chinese goods & services.
Nifty50 has a support at 10600 and 11700-11800 will be the strong resistance zone on a broader view.

🎯 News & Impact 🎯

🎯 PSU Banks :
Front-ended infusion of Rs 70,000 crore should be positive for Bank of Baroda, PNB and Union Bank.

🎯 Alkem Laboratories :
Company received four Form-483 observations from U.S.FDA at manufacturing facilities in U.S. and zero form 483 observations for Baddi facility in India.

🎯 Natco Pharma :
Company increased its stake in OMRV Hospitals from 9.29 percent to 12.81 percent and 6.25 percent stake in U.S.-based AACT Inc.

🎯 Future Consumer :
Company completed acquisition of the balance 10 percent stake in Future Consumer Products. 

🎯 Ipca Laboratories: U.S. FDA conducted an inspection of its formulations manufacturing unit in Silvassa and issued three observations.

🎯 DHFL :
Company defaulted on payment of NCDs interest and bond interest worth Rs 11.17 crore and Rs 51.06 crore, which were due on Aug. 22 and Aug. 23, respectively.

🎯 Ineos Styrolution: Promoters sets floor price of Rs 419 per share for de-listing the company’s 44 lakh shares, representing 25 percent equity stake in the company. 

🎯 International Paper APPM :
CCI approved acquisition of shares on International Paper APPM by West Coast Paper Mills.

🎯 Apollo Hospitals :
CCI approved acquisition of 51.2 percent stake of Apollo Munich by HDFC and the subsequent merger of Apollo Munich into HDFC Ergo.

🎯 Gail :
launched supply of CNG, domestic PNG and CNG-run vehicles in Ranchi.

🎯 Essel Propack :
Ashok Goel reduced his stake from 56.65 percent to 7.67 percent via off-market sale on Aug. 22.

🎯 Cupid :
Company received orders worth Rs 5 crore from UNFPA.

🎯 Videocon Industries :
NCLT has approved for the consolidation of the CIRP of 13 Videocon Group Entities.

🎯 Puravankara :
Company forays into co-living space; to develop first project in Mumbai.

🎯 Glenmark :
Company recalls products from US market.

🎯 NHPC :
Company likely to begin construction of 2 GW Lower Subansiri hydro plant in October.

🎯 NCL Industries :
Company signed an agreement to establish a joint venture company with Qingdao Xinguangzheng Steel Structure Company China

🎯 Jagran Prakashan :
Company promoter group Shailendra Mohan Gupta acquired 48,000 shares from Aug. 21-22

🎯 Hubtown :
Company promoter group acquired 1 lakh shares from Aug. 21-22.

🎯 Camlin Fine Sciences :
Company promoter and director Anagha Dandekar acquired 57,000 shares on Aug. 23.
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Edited by Sharp.

23rd August, 2019 Morning Brief

Market will open with a gap-down extending yesterday's slide.

Stocks in Asia were mixed Friday as traders adopted a cautious stance before Federal Reserve Chair Jerome Powell’s address at the Jackson Hole summit.

🎯 News & Impact 🎯

🎯 Sun Pharma :
Company's ANDA for Dapagliflozin gets U.S. Food and Drug Administration approval.

🎯 Pidilite Industries :
Company commissioned a manufacturing plant in Bangladesh. 

🎯 Dabur :
Company’s arm acquired management control of Excel Investments.

🎯 Infosys :
Company entered into a strategic partnership with University of Illinois Urbana-Champaign to develop new technologies and systems in precision medicine.

🎯 63 Moons Technologies :
Company has won Maharashtra Protection of Interest of Depositors case in Bombay High Court, attachment of the properties of the company will be vacated. 
Positive for the stock. 👍

🎯 Future Retail :
Amazon will acquire 49 percent stake in Future Coupons, a Future Group entity that holds minority stake in Future Retail.

🎯 Orient Paper Industries :
Company promoter Shekhavati Investments acquired 4.6 lakh shares from Aug. 20-21.

🎯 Jindal Stainless :
Company promoter Ratan Jindal acquired 1.4 lakh shares from Aug. 19-20.

🎯 Music Broadcast :
Company promoter Jagran Prakashan acquired 1.2 lakh shares on Aug. 20.

🎯 Spencer’s Retail :
Company promoter Group Castor Investments acquired 89,500 shares on Aug. 21.

22nd August 2019, Morning Brief

Market will continue yesterday's slide at the opening time today.

Stocks in Asia drifted Thursday after minutes from the Federal Reserve’s latest meeting did little to alter expectations for more interest-rate cuts.

U.S. stocks pared gains as Federal Reserve minutes fell short of signaling the central bank was ready to cut rates sharply.

🎯 News & Impact 🎯

🎯 NTPC :
Government accepted company’s request for surrendering coal block in Odisha.

🎯 NMDC :
Company cut its lump ore and fine prices by Rs.200 per tonne. 

🎯 Kansai Nerolac Paints :
Enters a business transfer agreement with Polygel, Nerofix Promoters of Polygel. As per the arrangement, the adhesives, construction chemicals and sealants business of Polygel would be transferred to Nerofix as a going concern on slump sale basis upon payment of the proposed transfer consideration of Rs 20 crore by Nerofix.

🎯 LIC Housing Finance :
An undisclosed institutional shareholder of the company has sought to raise between $200-$211 million through an offering of about 3.37 crore shares.

🎯 MSTC :
Uttar Pradesh government has extended the agreement with for e-tendering cum e-auction of minor minerals blocks (sand and morrum) and insipu rocks blocks for another one year.

🎯 Future Enterprises :
Company clarified that post the investigation Directorate of Revenue Intelligence has issued show cause notice in the matter. 

🎯 HPCL :
Chief Financial Officer R Kesavan said that the company will fund Rs.32,000 crore of its capital expenditure plan via debt and the debt ratio is expected to be below 2:1 at the peak of capex.

🎯 Dilip Buildcon :
Board to consider the proposal of divestment of wholly owned arms to one or more potential investors on Aug. 26.

🎯 DHFL :
Company defaulted in payment of non-convertible debentures interest worth Rs 50 lakh, which was due on Aug. 20.

🎯 Infosys :
Company expanded its partnership with Google Cloud to become a Google Cloud Managed Service Provider.

🎯 Redington India :
ICICI Prudential Life Insurance decreased stake from 7.4 % to 5.3 % in the company.

🎯 V-Mart :
Company has opened three new stores in Nagaland, Jharkhand and Rajasthan.

🎯 Vodafone Idea :
Company promoter IGH Holdings acquired 20 lakh shares on Aug. 20.

🎯 Nava Bharat Ventures :
Company promoter Ashwin Devineni acquired 1 lakh shares from Aug. 14-20.

🎯 Aarti Drugs :
Company promoter Prakash Prakash Moreshwar Patil acquired 1 lakh shares from Aug. 16-19.

🎯 Jagran Prakashan :
Company promoters acquired 1.9 lakh shares from Aug. 19-20.

🎯 Lakshmi Vilas Bank :
Company promoter group Tangerine Capital Asset Holdings sold 1 lakh shares on Aug. 19.

🎯 Spencer’s Retail :
Company promoter group Castor Investments acquired 97.5k shares on Aug. 20.

🎯 Redington India :
ICICI Prudential Life sold 2.05 % stake in company on August 20.

🎯 Jai Corp :
Company decided to merge a wholly owned subsidiary, Jai Realty Ventures Limited with itself.

🎯 Biocon :
Company's Malaysia insulin glargine manufacturing facility receives EU GMP certification.

🎯 Urja Global :
Company has withdrawn agreement with Nippon Shinyaku Co. Ltd, Japan for supply of product i.e. Zacobite for the five years, to avoid any further misunderstanding between the stakeholders and the company.
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Edited by Sharp.

21st August, 2019 Morning Brief

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

Stocks in Asia declined on low volumes as investors assessed the latest news on trade talks and awaited more clues on U.S. monetary policy.

The S&P 500 Index closed lower as U.S. President Donald Trump showed no urgency to resolve trade friction with China and renewed his call for a “big” Federal Reserve rate cut.

🎯 News & Impact 🎯

🎯 Alembic Pharma :
Company received zero Form 483 observations by the U.S.FDA at the end of the inspection of company’s Bioequivalence facility in Vadodra.
Positive for the stock. 👍

🎯 Dr. Reddy’s Laboratories :
Company received eight Form 483 observations by U.S. FDA in the audit of formulations manufacturing plant at Duvvada, Vishakapatnam.

🎯 Sun Pharma Advanced Research : Complaint has been filed by Abraxis Biosciences in the U.S. Court which alleges the company’s filing of new drug application for Taclantis injection as an act of infringement of the Orange Book listed patents for Abraxane.

🎯 NMDC :
Karnataka government withdrew approval to extend mining lease for Donimalai and will auction the block.
Negative for the stock.

🎯 Mahindra Logistics :
Company to manage Volkswagen India’s parts distribution.

🎯 Essel Propack :
Blackstone Group has launched into syndication a five-year term facility backing the purchase of a 75 % stake. 
Positive for the stock. 👍

🎯 KRBL :
Company obtained trademark registration of its Flagship Brand ‘India Gate’ on Aug. 12, with user claim since January 1979.

🎯 Tourism Finance Corporation : Shapoorji Pallonji Finance reduced stake in the company from 6.61 % to 4.41 % via release of pledge.

🎯 SpiceJet :
Company to shift its entire operations in Mumbai to Terminal 2 from Oct. 1.

🎯 Dabur :
Company to contribute $16 million as share capital in its wholly owned arm Dermoviva Skin Essentials.

🎯 Zensar Technologies :
Company partnered with Aptos, a retail technology solutions provider, to deliver next-gen retail innovation.

🎯 Reliance Capital :
Jupiter Asset Management sold 4.65 % stake in the company on Aug. 16.

🎯 IOL Chemicals and Pharma :
Company stated that they have made pre-payment of term loan of Rs.9.52 crore due to banks in addition to scheduled pre-payment. 

🎯 HDIL :
Company has been admitted under Insolvency and Bankruptcy Code as per National Company Law Appellate Tribunal order.

🎯 BEML :
L&T Mutual Fund increased its stake in the company from 4.97-5.11 percent.

🎯 Jai Prakash Associates :
Company stated that the Competition Commission of India had imposed a penalty of Rs.13.82 crore during financial years 2010-2012.

🎯 Hind Oil Exploration :
Fidelity Funds acquired 6.68 lakh shares (0.51 %) at Rs.102.5 each.
Positive for the stock. 👍

🎯 Deepak Nitrite :
Company promoter & director Deepak Mehta acquired 36,000 shares on Aug. 14.
Positive for the stock. 👍

🎯 Jindal Stainless :
Company promoter Ratan Jindal acquired 1.4 lakh shares from Aug. 14-16.
Positive for the stock. 👍

🎯 NIIT Technologies :
Company promoter Hulst BV acquired 1.59 lakh shares on Aug. 9.
Positive for the stock. 👍

🎯 Lakshmi Vilas Bank :
Company promoter KR Pradeep acquired 1.1 lakh shares on Aug. 19.
Positive for the stock. 👍

🎯 Spencer’s Retail :
Company promoter group Castor Investments acquired 1 lakh shares on Aug. 19.
Positive for the stock. 👍

🎯 United Spirits :
Diageo PLC acquired further 33 lakh shares in company at Rs 591.95 per share.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

20th August, 2019 Morning Brief

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

Asian stocks had modest gains at the open Tuesday after some signs of progress on trade negotiations and speculation of U.S. government stimulus to shore up economic growth.

🎯 News & Impact 🎯

Listing Today : Sterling & Wilson Solar.

Govt removes debenture reserve requirement for housing finance cos, NBFCs.

RBI to sell G-secs worth Rs.17,000 crore on Friday.

🎯 MRPL :
Company stated that the refinery has been affected by a minor landslide due to monsoon. Due to the precaution, the company will shut down phase-III process units.

🎯 Himachal Futuristic Communications :
Company received purchase orders worth Rs.2,467 crores from Bharat Sanchar Nigam Ltd. for defence communication network. 

🎯 DHFL :
Company defaulted in payment of non-convertible debentures and commercial papers worth Rs.1,571 crore, which were due on Aug. 19.

🎯 IL&FS Transportation Networks :
Company defaulted in payment of NCDs interest worth Rs.4.74 crore, which was due on Aug. 19.

🎯 Nestle :
Company launched its cocoa-malt beverage Milo.

🎯 Sonata Software :
Company's European arm completed the sale of its entire stake in Izara Aps.

🎯 Crompton Greaves Consumer Electricals :
Life Insurance Corporation of India reduced its stake in the company from 5.2 % to 3.1 % via open market sale.

🎯 Hindalco :
LIC increased its stake in the company from 8.3 % to 10.4 % via open market purchase.

🎯 Mahanagar Gas :
Royal Dutch Shell Plc’s unit is seeking Rs. 724 crore from sale of its remaining stake in the company.
Positive for the stock. 👍

🎯 Nava Bharat Ventures :
Company promoter & director Ashwin Devineni acquired 30,000 shares on Aug. 14.

🎯 Camlin Fine Sciences :
Company promoter & director Anagha Dandekar acquired 23,300 shares on Aug. 16.

🎯 MEP Infra Developers :
Company promoters Anuya Mhaiskar acquired 26,000 shares on Aug. 19.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

19th August, 2019 Morning

Market will open on a positive note today following global firmness.

Stocks in Asia gained along with U.S. futures early Monday as traders kicked off a busy week for economic data and awaited commentary from the Federal Reserve Chief Jerome Powell. Asian markets was supported by a positive close on Wall Street Friday and comments from President Donald Trump on trade talks with China.

🎯 News & Impact 🎯

Listing Today :
Spandana Spoorthy Financial.

🎯 Ujjivan Financial Services :
Unit Ujjivan Small Finance Bank filed DRHP with SEBI for proposed initial public offering, comprising fresh issue of equity shares aggregating to Rs.1,200 crore.

🎯 Sun Pharma :
Sunpharma and China Medical System Holdings entered into a licensing agreement for generic products to develop and commercialise seven generic products in mainland China.

🎯 J&K Bank :
Anti-corruption bureau registered a fresh case in the loan fraud worth over Rs 350 crore in Jammu & Kashmir Bank on Friday and conducted searches at different places in Bengaluru.

🎯 DHFL :
Company stated that it is not in a position release quarterly results in time due to full time engagement of accounts and finance teams in various non-routine audits.

🎯 Himatsingka Seide :
Company clarified that concerned authorities in Karnataka have audited company’s manufacturing facilities and have not found any non-compliance with regulations.

🎯 Amtek Auto :
The National Company Law Appellate Tribunal declined to extend resolution period in the company’s insolvency case.

🎯 NACL Industries :
Company said that a new facility is being built at the Srikakulam site to meet the expected growth in demand for technicals as well as intermediates and at Ethakota Plant manufacturing of new product "SMASH” has commenced.

🎯 Kridhan Infra :
Company arm secured orders worth Rs 145 crore for various works at Hyderabad International Airport.

🎯 Info Edge :
Company increased its stake in Shopkirana to 25.36 % for Rs.47 crore.

🎯 BEML :
Order Book position at Rs.8,917 crore on June 30.

🎯 TVS Motors :
Company to invest $3.2 million in U.S.-based Predictronics Corporation, which specialises in providing end-to-end predictive maintenance analytics solutions.

🎯 Cupid :
Company bagged Rs.14 crore order from Uganda for supply of male condoms.

🎯 Tourism Finance Corporation of India :
Company promoters sold 4 lakh shares on Aug. 13.

🎯 Jindal Stainless :
Company promoter Ratan Jindal acquired 1.43 lakh shares from Aug. 9-13.

🎯 Max Ventures and Industries : Company promoter Siva Enterprises acquired 1.8 lakh shares from Aug. 13-14.

🎯 Sundaram Clayton :
Company announced shut down of Chennai unit on August 16-17 due to slowdown across sector.

🎯 Energy Efficiency Services (EESL) :
Company inks pact with Apollo Hospitals to install public EV charging stations in its hospitals

🎯 Tech Mahindra :
Company divests 73.38 % stake in subsi to US-based Resolve Systems for USD 2 mn.

🎯 Parsvnath :
Company receives Rs 1,200 cr from RLDA; plans to use the money to reduce debt.

🎯 Titan Company :
Company bought 2.8 percent stake in subsidiary Carat Lane at Rs.328 per share.

🎯 Lactose (India) :
Company entered into an agreement for availing term loan/line of credit facility of Rs.39.5 crore from Aditya Birla Finance Limited.
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Edited by Sharp.

16th August, 2019 Morning Brief

Market will open on a negative side catching a global thread after yesterday's brake.

Stocks in Asia slipped after another tumultuous session on Wall Street because of heightened trade uncertainty and fears of a slowing global economy.

🎯 News & Impact 🎯

Major Results Today :

Results Updates :

🎯 Indraprastha Gas (Q1, YoY) :
Revenue up 22.3 % to Rs.1,576 crore.
Net profit up 24.2 % to Rs.218.4 crore.

🎯 Reliance Capital :
Consolidated profit at Rs.1,233 crore versus Rs. 272 crore,
Revenue rises to Rs.6,069 crore versus Rs. 4,619 crore YoY.

🎯 Grasim :
Standalone profit plunges 68.6 % to Rs. 201.7 crore versus Rs. 642.5 crore, revenue rises 4.4 % to Rs.5,000.6 crore versus Rs. 4,789.2 crore YoY.
One-time loss of Rs. 290 crore on impairment in value of investment in Payment Bank.

🎯 Bosch :
Company said that the company will be observing ‘no production days’ ranging up to 10 days per month during September.

🎯 IDFC and its arm IDFC Financial Holding entered into an agreement to sell 100 percent stake in IDFC Securities to Dharmesh Mehta-led investors.

🎯 Suzlon Energy :
Company defaulted in repayment of FCCBs worth Rs 1,219 crore.

🎯 Cox & Kings :
Company defaulted in payment CPs worth Rs.149 crore which was due on August 14.

🎯 DHFL :
Company defaulted on payment of NCDs interest amounting to Rs.4.48 crore which was due on Aug. 14.

🎯 Jindal Saw :
Company’s subsidiary—Hunting Energy Services has signed a strategic alliance with the company sharing its patented Premium Connections technology, according to a statement.

🎯 Hero MotoCorp :
Manufacturing facilities will be closed from August 15-18.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

14th August, 2019 Morning

Market will open with a gap-up today backed by strong closing in US markets yesterday.

Asian stocks climbed after the Trump administration de-escalated its trade war with China, providing relief to risk assets that had been under pressure earlier in the week.

President Donald Trump delayed the imposition of new tariffs on a wide variety of consumer products including toys and laptops until December which resulted into U.S. stocks halted a two-day slide. The S&P 500 Index jumped as much as 2 %. Apple surged more than 4 %. 

🎯 News & Impact 🎯

Major Results Today :

Grasim

Results Updates :

🎯 ONGC (Q1, QoQ) :
Revenue fell 0.86 % to Rs.26,554.7 crore. Net profit rose 46 % to Rs.5,904.3 crore.

🎯 Coal India (Q1, YoY) :
Revenue rose 3.6 % to Rs.24,939 crore.
Net profit rose 22.3 % to Rs.4,629.7 crore.

🎯 NMDC (Q1, YoY) :
Revenue rose 34.8 % to Rs. 3,263.7 crore. Net profit rose 20.9 % to Rs.1,179.3 crore.

🎯 Glenmark Pharma (Q1, YoY) :
Revenue rose 7.3  to Rs 2,322.9 crore. (estimate Rs 2,394 crore) Net profit fell 53.1 percent to Rs 109.2 crore. (estimate Rs 187.6 crore) Ebitda fell 1.4 percent to Rs 341.9 crore. 

🎯 Manappuram Finance (Q1, YoY) :
Net interest income rose 23 % to Rs.764 crore.
Net Income rose 36 % to Rs 272 crore.

🎯 Apollo Hospital Enterprises (Q1, YoY) : Revenue rose 16.3 % to Rs. 2,571.9 crore. Net profit rose 68.7 % to Rs.57.2 crore.
Positive for the stock. 👍

🎯 Reliance Infra (Q1, YoY) :
Revenue rose 1.7 % to Rs.5,466.7 crore. Net profit rose 19.6 % to Rs. 299.2 crore.

🎯 GAIL :
Petroleum & Natural Gas Regulatory Board said that it has increased tariff for the company’s Dabhol-Bangalore pipeline by 11 % from Sept. 1.

🎯 HDFC Life Insurance : Standard Life said it is seeking $350 million from a sale of shares in the insurance company.

🎯 Infosys :
Company to deliver digital solutions to Toyota Material Handling North America.

🎯 Wipro :
Company launched AI solutions powered by Inter processors, which will help enterprises in the energy and utilities and healthcare markets.

🎯 Godrej Industries :
Board approved de-merger of wholly owned arm Ensemble Holdings & Finance from the company.

🎯 Wheels India :
Company expects to start production of cast aluminium wheels for export markets from a new plant near Chennai.

🎯 Mishra Dhatu Nigam :
HDFC MF increased its stake in the company from 4.92 % to 5.03 %.

🎯 Dr. Reddy :
Company hit a road block for its launch of generic version of female contraceptive in the U.S.
Negative for the stock. 👎

🎯 Future Retail :
Amazon in advanced talks to buy 8-10% stake in Future Retail.

🎯 Concor :
Company and Indian Railways joined hands to commence container train operations from Suranussi, in Firozpur division of Northern Railway.

🎯 CEAT :
Company has entered into an addendum agreement with Tyresnmore for making a further investment in Tyresnmore.

🎯 Wipro :
Company launches Edge Artificial Intelligence Solutions oowered by Intel.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒
Edited by Sharp.

13th August, 2019 Morning Brief

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

Asian stocks followed their U.S. counterparts lower Tuesday as political unrest in Hong Kong and Argentina added to trade concerns and knocked sentiment.

🎯 News & Impact 🎯

Major Results Today :

Coal India, ONGC, Sun Pharma

Results Updates :

🎯 BPCL (Q1, QoQ) :
Revenue rose 3.1 % to Rs 76,317.9 crore. 
Net profit fell 65.6 % to Rs 1,075.1 crore.

🎯 SAIL (Q1, YoY) :
Revenue fell 6.8 % to Rs 14,820 crore.
Net profit fell 87.3 % to Rs.68.8 crore. 

🎯 Oil India (Q1, YoY) :
Revenue were flat at Rs.3,373.4 crore. Net profit fell 11.1 % to Rs 624.8 crore.

🎯 NHPC (Q1, YoY) :
Revenue rose 12.5 % to Rs 2,610 crore. Net profit rose 17.7 % to Rs 930.9 crore.

🎯 BHEL :
Revenue fell 23.7 % to Rs 4,531 crore.
Net loss stood at Rs.216.3 crore versus net profit of Rs. 155.6 crore. 

🎯 Sun TV Networks (Q1, YoY) :
Revenue fell 1.7 % to Rs.1,101.4 crore.
Net profit fell 6.6 % to Rs. 381.9 crore. 

🎯 NTPC (Q1, YoY) :
Revenue rose 6.5 % to Rs.24,192 crore. Net profit rose 0.5 % to Rs.2,602 crore.

🎯 Godfrey Philips (Q1, YoY) :
Revenue rose 40 % to Rs 841 crore. Net profit rose 2.1 times to Rs 118 crore.

🎯 Future Enterprises (Q1, YoY) :
Revenue rose 5.2 % to Rs 1,414.7 crore. Net loss stood at Rs 10.5 crore versus net loss of Rs 21.1 crore.

🎯 Reliance Communications (Q1, QoQ) : Revenue fell 10.1 % to Rs 865 crore.
Net loss at Rs 366 crore versus net loss of Rs 7,767 crore.

🎯 Embassy Office Parks REIT (Q1, YoY) : Revenue rose 19 % to Rs 535.1 crore.
Net Income rose 19 % to Rs 452.8 crore.

🎯 Muthoot Finance (Q1, YoY) :
Net interest income rose 9.2 % to Rs. 1,293.5 crore.
Net profit rose 8.4 % to Rs 556 crore.

🎯 Alkem Labortoories (Q1, YoY) : Revenue rose 11.5 % to Rs.1,849.5 crore. Net profit rose 36.1 % to Rs.185.4 crore.

🎯 Reliance Industries :
RIL and Saudi Aramco signed non-binding letter of intent to acquire 20 % stake in company’s oil to chemicals division, which is value at $75 billion.
The company aims to be debt-free over the next 18 months.
The company’s Chairman and Managing Director Mukesh Ambani announced the roll out of Jio GigaFiber from Sept. 5.
Reliance Jio and Microsoft announced 10 year alliance to accelerate digital strategic program for technology based services.
British energy giant BP Plc will pay about Rs.7,000 crore for acquiring a 49 % stake in Reliance Industries Ltd.’s fuel retailing network.
Positive for the stock. 👍

🎯 NDTV :
Promoters Prannoy Roy and Radhika Roy prevented from leaving India on Aug. 9 by the Central Bureau of Investigation due to ongoing legal proceedings.

🎯 Sadbhav Infraprojects :
Company’s board agreed to explore merger option between the company and Sadbhav Engineering. 

🎯 Balkrishna Industries :
Company's board has decided to put $100 million investment in its green field tyre project in U.S. in abeyance due to challenging business environment.

🎯 NIIT :
Company’s board approved the proposal for share buyback of 16 percent of equity capital or 2.68 crore shares at Rs 125 per share.

🎯 DHFL :
Promoters created an encumbrance as collateral for 39.2 % of share capital in the company, until the implementation of the resolution plan.

🎯 Sintex Plastics Technology :
Company plans to sell its entire stake in its arm to Xtech Invest SAS for Euro 155 million.
Positive for the stock. 👍

🎯 Atul Auto :
Company’s board decided not to enter the joint venture agreement with JBM Industries due to uncertainties in Electric Mobility policies.

🎯 Natco Pharma :
U.S. FDA completed the inspection of Natco’s Mekaguda API facility.

🎯 Unichem Lab :
Company received ANDA approval from the U.S. FDA for Unichem’s Chlorthalidone Tablets. 
Positive for the stock. 👍

🎯 Strides Pharma Science :
Company Received zero form 483 observations by the U.S. FDA on inspection of its Alathur Facility.

🎯 Union Bank of India :
Company plans to link home and auto loans to repo rate. 

🎯 NIIT Technologies :
White Oak Capital Management decreased its stake in the company from 7.52 % to 1.04 % via off market transaction on Aug. 8.
Negative for the stock.

🎯 Sagar Cements :
Coal-based power plant commenced operations on Aug. 

🎯 Gujarat Alkalies and Chemicals :
The company has restored all the operation of balance plants at Dahej Plant. 

🎯 Avenue Supermarts :
Promoter Radhakishan Damani has completed the sale of 62.3 lakh equity shares on Aug. 9.

🎯 Varroc Engineering :
Company plans to acquire 74 % stake in Telematics solution provider CarIQ.

🎯 PC Jeweller :
Company said that it will not pursue demerger of export business.

🎯 Praj Industries :
Company has entered into a co-operative agreement with Dedini to provide ethanol production technologies to the Brazilian market.
Positive for the stock. 👍

🎯 AU Small Finance Bank :
Redwood Investment acquired 6 % stake in the company.
Positive for the stock. 👍

🎯 AIA Engineering :
Company’s trial of mill lining process in Africa’s gold mine has been successful.

🎯 Alembic Pharmaceuticals :
Company promoter Nirayu Pvt. Ltd. increased its stake in the company from 62.99 % to 71.97 %.
Positive for the stock. 👍

🎯 Indoco Remedies :
Company’s Clinical Research Organization received zero form 483 observations from U.S. FDA.
Positive for the stock. 👍

🎯 Shriram Transport Finance :
Fidelity Group increased stake in the company from 7.05 % to 7.1 %.

🎯 Premier Explosives :
Company received orders worth Rs 13.5 crore from Ministry of Defence.
Positive for the stock. 👍

🎯 IRB Infra Developers :
Company arm completed concession period of Mumbai Pune project on Aug. 10.

🎯 Torrent Pharma :
U.S. FDA classified inspection conducted at company’s Indrad facility in April as Official Action Initiated.

🎯 NIIT Technologies :
Promoter Hulst BV acquired 1.3 lakh shares on Aug. 8.
Positive for the stock. 👍

🎯 JSW Steel :
Company promoter group JSW Holdings acquired 7.15 lakh shares from Aug. 7-8.
Positive for the stock. 👍

🎯 Wockhardt :
Company promoter Themisto Trustee created pledge of 8 lakh shares on Aug. 6.
Negative for the stock.

🎯 Hubtown :
promoter Falguni Shah invoked pledge of 55.32lk shares on Aug. 6.
Positive for the stock. 👍
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

9th August, 2019 Morning Brief

Market will open on a flat note today after a bounce-back as a potential rollback of surcharge on the super-rich and a delay in vehicle registration fees by a year.

Asian shares pushed higher Friday as positive sentiment from a strong session on Wall Street outweighed a resurfacing of trade tensions.

The White House is holding off on a decision about licenses for U.S. companies to restart business with Huawei Technologies Co. after Beijing said it was halting purchases of U.S. farming goods. Earlier, the S&P 500 gained almost 2% as investors took solace from efforts to stabilize the yuan.

Nifty forms a strong bullish candle on daily charts. Nifty gave an upmove respecting 10800 level to regain the 11k mark and may travel more upto 11300 level.

🎯 News & Impact 🎯

Major Results Today :

BPCL, Britannia, GAIL, Hindalco

Results Updates :

🎯 Mahanagar Gas (Q1, YoY) :
Revenue rose 22.3 % to Rs. 757.5 crore. Net profit rose 32.7 % to Rs.170.2 crore. Ebitda rose 31.2 % to Rs.276.9 crore. Margin stood at 36.6% versus 34.1%.

🎯 Tata Chemicals (Q1, YoY) :
Revenue rose 5.6 % to Rs.2,896.9 crore. Net profit rose 16.4 % to Rs.239.7 crore.

🎯 EIL Q1:
Profit jumps to Rs.125.7 crore versus Rs. 89.5 crore,
Revenue climbs to Rs.742.66 crore versus Rs. 582.8 crore YoY.

🎯 Nalco :
Company signed a joint venture agreement with Mishra Dhatu Nigam for setting up of high end aluminium alloys plant for manufacturing of Plates, Sheets, etc.

🎯 Endurance Technologies :
Company withdraws plans to enter two-wheeler tyre business.

🎯 Bodal Chemicals :
Company acquired 80 % stake in Sen-er for $4.5 million.

🎯 DHFL :
Company may not be able to meet repayments coming up in the immediate future.
Negative for the stock.

🎯 Cochin Shipyard :
Company launched two Ro Pax Vessels for Inland Waterways Authority of India.

🎯 Marico :
Company increased its stake in Revofit from 23 percent to 37 percent.

🎯 Amara Raja Batteries :
Company promoter RN Galla family increased their stake from 26.06 percent to 28.06 percent.

🎯 Suzlon Energy :
Company is said to propose $1.2 billion deal to settle stressed debt, 

🎯 IL&FS Investment Managers :
Company arm’s offshore investors of Realty Fund would not be extending their agreement with effect from Aug. 9

🎯 Marico :
Company will further invest in Revolutionary Fitness Private Limited and will increase stake in same to 37 %.

🎯 Wipro :
Company partners with Camunda to offer workflow automation platform.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

8th August, 2019 Morning Brief

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

Asian stocks traded mixed as investors assessed the implications of the latest central bank moves to bolster growth. Shares rose across most of Asia after China fixed its daily onshore currency rate at weaker than 7 for the first time since 2008.

The RBI's rate cut and dovish stance indicate an unambiguous focus on growth and a high priority for boosting consumption.

Nifty formed a bearish Harami type pattern on the daily candlestick chart which shows an uncertainty in the market. 10780 can be considered as a temporary support for Nifty and any closing below it may leads to reach 10600 zone.

Major Result Today : UltraTech Cement

🎯 News & Impact 🎯

Results Updates :

🎯 Tata Steel (Q1, YoY) :
Revenue rose 1.3 % to Rs 35,947.1 crore.
Net profit fell 64.3 percent to Rs.693.1 crore. 

🎯 HCL Tech (Q1, QoQ) :
Dollar revenue rose 3.8 % to $2,364 million.
Revenue rose 2.7 % to Rs.16,427 crore.  Net profit fell 12.5 % to Rs.2,230 crore. 

🎯 HPCL (Q1, QoQ) :
Revenue rose 4.5 % to Rs. 70,988.9 crore. Net profit fell 72.7 % to Rs.811 crore.

🎯 Petronet LNG (Q1, QoQ) :
Revenue rose 2.7 % to Rs.86,13.4 crore. Net profit rose 27.3 % to Rs.560.3 crore.

🎯 Aurobindo Pharma (Q1, YoY) :
Revenue rose 28.1 % to Rs. 5,444.6 crore. Net profit rose 39.5 % to Rs.635.8 crore.

🎯 Siemens India (Q3 FY19 Standalone, YoY) (Year End-September) :
Revenue rose 4.1 % to Rs.3,198.4 crore. Net profit rose 21.4 % to Rs.248.1 crore.

🎯 Oracle Financial Software Services (Q1, QoQ) :
Revenue rose 4.9 % to Rs.1,275 crore.
Net profit rose 15.8 % to Rs.377.4 crore.

🎯 Phoenix Mills (Q1, YoY) :
Revenue rose 48.6 % to Rs. 614 crore.
Net profit rose 2.2 times to Rs.130.4 crore. 

🎯 Adani Power (Q1, YoY) :
Revenue up 108 percent to Rs.7,805 crore.
Net loss of Rs.263 crore vs net loss of Rs. 825 crore.
Positive for the stock. 👍

🎯 Reliance Industries :
Tiffany & Co. and Reliance Brands Ltd. announced plans to enter the India market through a joint venture.

🎯 Wipro :
Company awarded five-year strategic IT Contract by ADM Aeroports de Montreal.

🎯 Tata Steel :
Company executed memorandum of understanding to sell 70 % of its stake in its Thailand arm to Synergy Metals and Mining Fund.

🎯 Bank of Baroda :
South African Reserve Bank, Prudential Authority, cuts financial penalty from 11 million rand to 400, 000 rand for the Bank’s South African arm.

🎯 Dilip Buildcon :
Promoters plan to sell 0.63 % of total equity or 8.64 lakh shares in the open market to comply with minimum public shareholding norms.

🎯 Phoenix Mills :
Board approved amalgamation of hospitality arm with the company.

🎯 NBCC :
Company has secured total business of Rs.201.77 crore for the months of June and July.

🎯 Gujarat Alkalies and Chemicals :
Company stated that operations of Phosphoric Acid Plant at Dahej Complex has been restored.

🎯 Tata Communications :
Ministry of Corporate Affairs approved the scheme of arrangement between Hemisphere Properties India and Tata Communication regarding transfer of land for shares.

🎯 Sambhaav Media :
Subsidiary VED Technoserve India Private Limited received work order.

🎯 Rolta India :
Streamcast Group will assist Rolta India in repayment and restructuring its liabilities commencing with immediate effect.

🎯 NBCC :
Company secured the total business of Rs 201.77 crore in the month of June & July, 2019.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒
Edited by Sharp.

7th August, 2019 Morning Brief

Market will open on a flat-positive note ahead of monetary policy.

Stocks in Asia opened mixed despite U.S. shares clawing back some of Monday’s rout, with traders remaining cautious in the face of deepening trade tensions.

Market recovered to close into positive ahead of RBI policy. Market participants expect 4th consecutive rate cut of 25 bps by RBI. Sentiments also got a boost after China took steps to stabilise the yuan after the US tagged it as a currency manipulator. Nifty formed a long bullish candle on the daily chart yesterday. RBI policy outcome will decide the immediate path for the market today amid volatility. 10780 can be a crucial support.

🎯 News & Impact 🎯

Major Results Today :

Adani Ports & SEZ, Cipla, HCL Technologies, Mahindra & Mahindra, Tata Steel, Lupin, HPCL

Results Updates :

🎯 Indiabulls Housing Finance (Q1, YoY) :
Net revenue fell 12 % to Rs 1,522 crore. Net interest income fell 12.7 % to Rs 1,475 crore.

🎯 IRB Infra Developers (Q1, YoY) :
Revenue rose 15.3 % to Rs 1,773 crore.
Net profit fell 17.4 % to Rs 206.6 crore.

🎯 IRB :
IRB Infra Developers said it will sell stake in its road business to the Government of Singapore for Rs.4,400 crore.
Positive for the stock. 👍

🎯 Reliance and BP said it will form a new joint venture that will include a retail service station network and aviation fuels business across India. Fuel retailing outlets to increase to 5,500 outlets. Castrol’s lubricants will available across this venture’s network.

🎯 Tata Steel :
Company terminated the agreement to sell its equity stake in its Thailand arm, as HBIS Group could not procure approvals from the country’s government. 

🎯 Avenue Supermarts :
Promoter Radhakishan Damani will divest upto 1 % stake, or 62.3 lakh shares of the company.

🎯 Hindalco :
Novelis expected to complete the $2.6-billion acquisition of Aleris in the quarter ending December against its earlier target of three months ending September.

🎯 DHFL :
Company defaulted on payment of three non-convertible debentures principal and interest aggregating to Rs.43.3 crore, which were due on Aug. 6.

🎯 NLC India :
Board has decided not to pursue the setting up of pilot plant for its Coldry-Matmor integrated project on research and development collaborative mode as agreed between company, NMDC and ECT Australia. 

🎯 REC :
Board approved sale of four special purpose vehicles. Out of these, two transmission projects will be sold to Power Grid Corporation and Sterlite Grid and Adani Power will receive one project each.

🎯 Cox & Kings :
Company defaulted on payment of commercial papers worth Rs 5 crore, which were due on Aug. 6.
Negative for the stock.

🎯 Tokyo-based Mitsubishi UFJ Financial Group acquired minority stakes in multiple Indian companies including Tata Global Beverages, Dr Reddy’s, Marico and Godrej Consumer. This follows MUFG’s acquisition of global investment entities such as UK-based First State Investments, which held shares in the Indian companies.

🎯 Shoppers Stop :
Company promoter Ravi Raheja acquired 1.3 lakh shares on Aug. 5.

6th August, 2019 Morning Brief

Market will start with a gap-down amid global weakness.

U.S. stocks clocked their biggest drop of the year on Monday. Asian stocks plunged again today and American futures slumped after the U.S. slapped the currency-manipulator tag on China, further escalating the trade war between the world’s two largest economies.

Nifty formed a Hammer like pattern on the daily charts. 10792 will be the crucial level to observe going ahead of RBI monetary policy tomorrow. A bounce upto 11140 cannot be ruled out.

🎯 News & Impact 🎯

Major Results Today :

Indiabulls Housing Finance, Titan

Results Updates :

🎯 KEI Industries (Q1, YoY) :
Revenue rose 22.3 % to Rs.1,081.4 crore. Net profit was up 42.3 % to Rs.45.8 crore. 

🎯 Torrent Power (Q1, YoY) :
Revenue rose 5.9 % to Rs 3,736.1 crore. Net profit was up 21.9 % to Rs.275.3 crore.

🎯 Bank of Baroda :
Bank reduced MCLR rates by 15 basis points across various tenors with effect from Aug. 7.

🎯 SRF :
Board approved setting of an integrated facility for development of PTFE at an estimated cost of Rs. 424 crore, which will add 5,000 MTPA of capacity addition.

🎯 Cox & Kings :
Company defaulted on payment of commercial papers worth Rs 5 crore which was due on Aug. 5.

🎯 Wabco :
Company to close operations in five of its plants for three-17 days in August in view of weak demand and customer schedules.

🎯 Music Broadcast :
Company acquired commercial rights to sell advertising space at Lucknow metro stations and play curated content for three years.

🎯 IL&FS Transportation Networks :
Company defaulted on non-convertible debentures interest payment worth Rs 14.7 crore which was due on Aug. 5.

🎯 Tata Power :
Company’s arm commissioned 70 KW solar roof top installation at Delhi’s India International Centre.

🎯 HCL Tech :
Company and Oracle Health Services to collaborate to life science companies for generation of digital clinical trials.

🎯 Minda Corporation :
The National Company Law Tribunal approved amalgamation of five domestic arms with self.

🎯 Wipro :
Company ’s arm opened a new strategic design studio in Sydney.

🎯 Vaibhav Global :
Company promoter and director Nirmal Bardiya sold 2.25 lakh shares on Aug. 2.

🎯 DQ Entertainment (International): Company's latest kids animated TV Series 'The Psammy Show' made its way into Chinese market.

🎯 HSIL :
National Company Law Tribunal approved the scheme of arrangement between company, Somany Home Innovation Limited and Brilloca Limited.
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Edited by Sharp.

5th August, 2019 Morning Brief

Market will open with a gap-down today after a volatile session on Friday.

Asian stocks fell Monday as investors fretted over President Donald Trump’s escalation of the trade war with China.

A solid July U.S. jobs report did little to alter views on the economy and path for interest-rate policy. The S&P 500 Index closed lower Friday, in its worst week since the sell-off in December.

🎯 News & Impact 🎯

Results Updates :

🎯 ITC (Q1, YoY) :
Revenue up 5.8 % to Rs 11502.8 crore.
Net profit up 12.6 % to Rs.3173.9 crore.

🎯 Nestle India (Q2CY19, YoY) :
Revenue up 11.2 % to Rs 3,000.9 crore. Net profit up 10.8 % to Rs 437.8 crore.

🎯 Deepak Nitrite (Q1, YoY) :
Revenue up 2.3 times to Rs. 1,051 crore. Net profit up 7 times to Rs.131.6 crore.

🎯 Gujarat State Petronet (Q1, QoQ) : Revenue up 31.5 % to Rs.3,021.5 crore.
Net profit up 56 % to Rs. 331.8 crore.

🎯 Bata (Q1, YoY) :
Revenue up 10.6 % to Rs.882.1 crore.
Net profit up 21.9 % to Rs.100.7 crore.

🎯 Equitas Holding (Q1, YoY) :
Net interest income up 38 % to Rs.362.8 crore.
Net profit up 2.4 times to Rs.70.3 crore. Deposits up 52 % to Rs. 8670 crore.

🎯 LIC Housing Finance (Q1, YoY) :
Net interest income up 17.2 % to Rs. 1,181.9 crore.
Net profit up 7.5 % to Rs.610.7 crore.

🎯 Reliance Industries :
Company agreed to buy a controlling stake in Shopsense Retail Technologies Pvt, which operates the Fynd platform, according to a statement dated Aug. 2.

🎯 Nestlé :
Board announced that the company will commence construction of its ninth factory in Gujarat for Maggi Noodles, which will involve an initial investment of Rs 700 crore over the next two years.

🎯 Maruti Suzuki :
Company sent nearly 10 % of its contract workforce at its Gurugram, Haryana plant on a leave without pay.

🎯 Astral Poly Technik :
1:4 bonus.

🎯 Shriram Transport Finance, Shriram City Union Finance :
Blackstone and Carlyle Group are among five investors that are in talks to acquire a stake in privately-held Indian-financier Shriram Capital.

🎯 Punjab & Sind Bank :
Bank stated that account of Fairdeal Supplies with outstanding dues of Rs. 40.49 crore has been declared as fraud and reported to RBl.

🎯 Adani Power :
Company completed the acquisition of GMR Chhattisgarh Energy with itself.

🎯 Adani Green Energy :
Company part commissioned 100MWAC capacity in Rajasthan having PPA with Maharashtra State Electricity Distribution Company Limited at Rs. 2.71/kWh for a period of 25 years.

🎯 Coal India :
Company’s Talcher mines remain shut.

🎯 Cox & Kings :
Company defaulted in payment of CPs worth Rs 100 crore which was due on Aug. 1.

🎯 V-Mart Retail :
Company opened three new stores in Rajasthan, Uttar Pradesh and Punjab.

🎯 RPP Infra Projects :
Company won orders worth Rs.107.9 crore for white topping of selected roads in Bengaluru.

🎯 Tata Power :
Company to install 300 electric vehicle charging stations.

🎯 RBI imposed a penalty for non-compliance of rules on the following banks :
Allahabad Bank (Rs 2 crore), Bank of Baroda (Rs 1.5 crore), Bank of India (Rs 1.5 crore), Bank of Maharashtra (Rs 2 crore), Indian Overseas Bank (Rs 1.5 crore), Oriental Bank of Commerce (Rs 1 crore), Union Bank of India (Rs 1.5 crore) Punjab National Bank (Rs 50 lakh), Oriental Bank (Rs 1.5 crore).

🎯 PNC Infratech :
Company received Rs.145.3 crore towards an arbitration award from NHAI.

🎯 BEML :
Company bagged an order worth Rs.834 crore for making 21 train sets for MMRDA Mumbai line 2 and 7.

🎯 Anuh Pharma : Company received approval from WHO - Geneva Prequalification that the Prequalification Inspection Group has recommended that the API's Pyrimethamine, Pyrazinamide and Sulfadoxine can be considered to be compliant with the standards of Good Manufacturing Practices (GMP) for Active Pharmaceutical Ingredients (APIs) published by the World Health Organisation (WHO) for manufacturing and packaging of APIs by chemical synthesis.
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Edited by Sharp.

2nd Aug, 2019 Morning Brief

Market will open with a gap-down as tremors from global markets.

Stocks slid at the open in Asia Friday, and U.S. futures dropped, after President Donald Trump announced a new round of tariff hikes on Chinese imports.

Sentiments remained dampened as growth in the 8 core sectors of the economy collapsed to 0.2% in June — a staggering 50-month low. Weak global markets also weighed as US Federal Reserve Chair Jerome Powell said 25 bps rate cut was not the start of a lengthy easing cycle that investors were hoping for. 
Nifty lost more than 200 points intraday before recovering in late trade but that failed to get it back above psychological 11,000-mark on August 1. It indicates that the market is completely under control of bears but a bounce back upto 11140 can't be ruled out. 11900 to 11888 will be the next zone as a support.

🎯 News & Impact 🎯

Major Results Today :

HDFC, ITC, State Bank of India, Power Grid Corporation, Nestle

Results Updates :

🎯 Bharti Airtel (Q1, QoQ) :
Revenue up 0.7 % to Rs 20,738 crore. Net loss at Rs 2,866 crore versus net profit of Rs 107 crore.
Ebitda up 25 % to Rs 8,289 crore.

🎯 Tata Power (Q1, YoY) :
Revenue up 6.2 % to Rs.7,766.7 crore.
Net profit down 90.9 % to Rs.151.3 crore versus Rs. 1,670.9 crore.
Ebitda up 29.9 % to Rs.2302.1 crore.

🎯 GSK Consumer Healthcare (Q1, YoY) : Revenue up 7.9 % to Rs 1,194.3 crore.
Net profit up 23.8 % to Rs.248.1 crore versus Rs. 200.4 crore.

🎯 Talwalkars Better Value Fitness : Company defaulted in the payment of term loan’s interest aggregating to Rs 94 lakh which was due on July 31.

🎯 Talwalkars Healthclubs :
Company defaulted in payment of loan interest worth Rs 2.5 crore which was due on July 31.

🎯 Power Grid Corporation of India :
Company was declared successful bidder to establish two transmission projects in Gujarat, Rajasthan, Haryana and Delhi.

🎯 Dishman Carbogen Amcis :
Company's manufacturing site in Switzerland received zero form 483 observations from the U.S. FDA’s pre-approval inspection. This facility develops and manufactures highly potent compounds.

🎯 Adani Transmission :
Company received two Letter of Intent for Centre Sector Transmission projects in Rajasthan and Gujarat. On a combined basis both projects add 772 ckt kilometers of transmission lines and a 3,000 MVA transformation capacity.

🎯 Bank of India :
RBI levied penalty of Rs 1.5 crore on the bank for non-compliance with the RBI guidelines on frauds in Rotomac Group case.

🎯 Allahabad Bank :
RBI levied penalty of Rs 2 crore on the bank for non-compliance of rules.

🎯 Oriental Bank of Commerce :
RBI levied penalty of Rs.1 crore on the bank.

🎯 JK Tyres & Industries :
Company’s board approved acquiring 26 % stake in Treel Mobility Solution for Rs. 6

🎯 Quess Corp :
Company promoter company HWIC Asia Fund acquired 2.56 lakh shares on July 31.

🎯 NALCO :
Company entered into a JV with Hindustan Copper and Mineral Exploration Corporation to develop strategic minerals overseas for supply to India for meeting domestic requirements and for sale to any other countries for commercial use.

🎯 PSP Projects :
Company received project orders worth Rs 86.2 crore for institutional projects. The company has received work orders worth Rs 848.85 crore so far in the current financial year.

🎯 Vodafone Idea :
Company founder group IGH Holdings increased stake to 1.3 percent in the company.

🎯 Dhunseri Tea and Industries entered into binding agreement with Tata Global Beverages for the sale of its branded business.

🎯 SRF :
Company has signed a sale agreement of its engineering plastics business to DSM India with effect from Aug. 1.

🎯 Astec Lifesciences :
Company promoter Chitralekha Ashok Hiremath acquired 40,000 shares on July 29.

🎯 KCP :
Company has differed the proposal for setting up of Grinding Unit at Naidupeta, Andhra Pradesh due to environmental concerns.
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Edited by Sharp.