Sunday, 4 August 2019

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.

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