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.
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Edited by Sharp.