24th September, 2019 Morning Brief

Market will open on a positive note today in continuation with yesterday's firmness on the bourses.

Asian stocks had a muted open on Tuesday after U.S. shares ended flat on a mixed day for global economic data.

🎯 News & Impact 🎯

🎯 Aurobindo Pharma :
SEBI imposed Rs.22 crore fine on Aurobindo Pharma, its promoter PV Ramprasad Reddy and other connected entities for violating insider trading norms.

🎯 CG Power & Industrial Solutions : Registrar of Companies has granted extension of 2.5 months from Sept. 30 onwards for holding annual general meeting of the company.

🎯 L&T Finance Holdings :
Securities Exchange Board of India dropped charges against Factorial Master Fund relating to a matter in 2014 regarding trading in share of the company.

🎯 Wipro :
Company launched digital platform of Brazil’s industry association Febraban.

🎯 Federal-Mogul Goetze :
CCI approved acquisition of up to 25.02 % stake in Federal-Mogul Goetze by Icahn Enterprises, American Entertainment and IEH FMGI Holdings.

🎯 Apollo Hospitals :
CCI approved restructuring of Apollo Hospitals’ pharmacy unit. The unit will be subsequently acquired by Enam Securities, Jhelum Investments and Hemendra Kothari.

🎯 GFL :
Company promoter Inox Leasing & Finance acquired 71,000 shares on Sept.18.
Positive for the stock. 👍

🎯 Tata Power :
Company promoter Tata Sons acquired 2.7 crore shares from Sept.18-19.
Positive for the stock. 👍

🎯 Panama Petrochem :
Company promoter groups acquired 99,000 shares from Sept.19-20.
Positive for the stock. 👍

🎯 Filatex India :
Company promoter Azimuth Investments acquired 2.5 lakh shares from Sept.19-20.
Positive for the stock. 👍

🎯 Motilal Oswal Financial Services :
Company promoter Passionate Investment Management acquired 75,000 shares on Sept.20.
Positive for the stock. 👍

🎯 SH Kelkar :
Company promoter Ramesh Vaze acquired 2.15 lakh shares from Sept.18-20.
Positive for the stock. 👍

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Edited by Sharp.