25th September, 2019 Morning Brief

Market will open on a weak note today after a consolidation witnessed yesterday.

Stocks in Asia fell after U.S. equities dropped and Treasuries rose on political turmoil in Washington.

Oil fell on signs Saudi Arabia is making progress in restoring lost output following a drone attack on its facilities.

🎯 News & Impact 🎯

🎯 IRCTC :
State-owned Indian Railway Catering and Tourism Corp.’s Rs 645.12 crore IPO opens on Sept 30 and closes on Oct. 3. The price band is set at Rs.315-320 apiece.

🎯 JSW Steel :
Harsco signed three multi-year addon contracts for 10-15 years with company for a total value of $75 million.

🎯 Speciality Restaurants :
Company has incorporated a wholly owned arm in the U.S.

🎯 Future Retail :
IDBI Trusteeship Services (acting for EC Holdings, EW Special Opportunities Funds and Edelweiss Commodities Services) acquired 1.31 crore shares. Company has also pledged additional 52.2 lakh shares to the debenture trustee for the benefit of NCD holders.

🎯 SpiceJet :
Company is weighing an order for at least 100 Airbus planes as Boeing Co. grapples with the fallout over its grounded 737 Max.

🎯 Bodal Chemicals :
The company informed that Bodal Bangla has been incorporated in Dhaka, Bangladesh as a subsidiary company of Bodal Chemicals.

🎯 Zee Entertainment Enterprises :
IDBI Trusteeship Services invoked pledge of 1 crore share, or 1.04 percent stake from Sept. 19-24. 

🎯 Centum Electronics :
Company has inaugurated its space facility in Bengaluru with an investment of Rs.50 crore. 

🎯 RPP Infra Projects :
Company JV received road construction order in Myanmar worth Rs 414 crore.

🎯 Aster DM Healthcare :
Company has signed lease agreements for two new hospital projects in Bengaluru.

🎯 InfoBeans Technologies :
The company has informed about the acquisition of Philosophie Group Inc. through its wholly-owned subsidiary.

🎯 Bosch :
Company has executed a business transfer agreement with Group’s arm Robert Bosch Packaging Technology to sell its packaging machinery business for Rs.144.6 crore. 

🎯 Intellect Design Arena :
Abu Dhabi Islamic Bank (ADIB) goes live with company's digital transaction banking platform.

🎯 GOCL Corporation :
Company said that it has fully repaid loan facilities of $300 million availed for the purpose of Houghton International. 

🎯 Adani Group Stocks :
Bombay High Court will hear on Sept. 30 a petition filed by the Group seeking direction to the GVK Group-run Mumbai International Airport and the aviation ministry to allow buying out minority stake held by South African firm Bidvest in the airport.

🎯 Monsanto :
Record date for amalgamation of the company with Bayer Cropscience extended to Sept. 30.

🎯 GATI :
Goldman Sachs reduced it stake in the company from 7.12 % to 5.12 %.

🎯 Morepen Laboratories :
SEBI has prohibited the company from accessing the capital market and restrained it from dealing in securities in the securities including units of mutual funds for a period of one year.

🎯 HEG :
Company promoter RSWM sold 29,000 shares on Sept. 20.

🎯 Vakrangee :
Company promoter & director Dinesh Nanadwana acquired 13.5 lakh shares on Sept. 24.

🎯 Anant Raj :
Company promoter Amar Sarin acquired 1.24 lakh shares on Sept. 23.

🎯 Tourism Finance Corporation :
Company promoter Redkite Capital sold 1.15 lakh shares from Sept. 20-23.

🎯 Apollo Tricoat Tubes :
Company promoter Saket Agarwal sold 1 lakh shares on Sept. 23.

🎯 GMR, Adani :
17 others show interest for Jewar airport.

🎯 Punjab Sind Bank :
Bank okays Rs. 800cr capital infusion by Govt.
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Edited by Sharp.