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. 👍
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Edited by Sharp.
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