1st November 2019, Morning Brief

Market will open on a flat note today after a late hour selling in the market ahead of Manufacturing PMI data which will be announced today. 

Asian stocks fell after renewed concern about an interim U.S.-China trade deal curbed sentiment.

U.S. stocks fell as weak manufacturing data and renewed concern on trade rattled markets adjusting to the Federal Reserve’s signal that it’s done easing.

The output of core infrastructure industries shrank by 5.2 % in September 2019 as seven of eight sectors witnessed negative growth, according to official data released on October 31. The eight-core sectors had expanded by 4.3 % in September 2018.

India's fiscal deficit reached nearly 93 % of the budget estimate at Rs 6.52 lakh crore at the end of September in the current financial year. 

🎯 News & Impact 🎯 

Major Results Today :

Dr Reddy, Yesbank

Results Updates :

🎯 Blue Dart Express (Q2, YoY) :

Revenue flat at Rs 802.2 crore versus Rs 800.2 crore. 

Net profit fell 35.1 % to Rs 14.6 crore.

🎯 Bharti Airtel : 

S&P has placed to company on Watch Negative on adverse Supreme Court Ruling. 

🎯 Indian Oil Corporation :

Company will undertake partial shutdown of Guwahati, Bongaigaon refineries in January and February. 

🎯 SRF :

Company has commissioned and capitalised a facility to produce agrochemical intermediates at Rs 166 crore.

🎯 Sanofi India :

Company will lower the price of Rifapentine, a critically important drug used to prevent Tuberculosis, as a part of its agreement with Unitaid, the Global Fund to Fight AIDS, Tuberculosis and Malaria. 

🎯 HCL Technologies :

Company has launched a dedicated Google Cloud Business Unit to accelerate enterprise cloud adoption. 

🎯 Bajaj Auto and TVS Motors :

Company have amicably settled a decade old patent dispute. Both the companies have mutually agreed to withdraw the pending proceeding release each other from all liabilities and actions.

🎯 Ahluwalia Contracts :

Company received three construction orders worth Rs 521.7 crore. Total order inflow during 2019-20 stands at Rs 1,449.3 crore.

Positive for the stock. 👍 

🎯 GTPL Hathway : 

Acacia Partners increased their stake to 5.89 % from 3.97 % in the company.

🎯 Prakash Industries :

Company has expanded the installed capacity in its Steel Melting Shop by commissioning of 4 new energy efficient Induction Furnaces. The enhanced capacity now stands at 1.176 million tons per annum.

🎯 DLF :

Company makes payment of interest for NCDs worth Rs.345 crore. 

🎯 Allahabad Bank :

Company cuts interest rate of products linked to RBI Repo Rate to 5.15%. 

🎯 Dilip Buildcon :

Company declared L-1 bidder for the project worth Rs 570 crore by the Airport Authority of India. 

🎯 Aarti Drugs :

Company incorporates marketing subsidiary namely "Pinnacle Chile SpA" in Chile. 

🎯 Aster DM Healthcare :

Company to acquire 80 % stake in Dubai’s Premium Healthcare for AED 9 Million or Rs 17.4 crore approximately.

🎯 Jai Prakash Power Ventures : 

The board approved conversion of part of outstanding loans of Canara Bank amounting to Rs 12.02 crore and outstanding loans of Corporation Bank worth Rs 22.5 crore into compulsory redeemable preference shares, respectively.

🎯 Shree Renuka Sugars : 

Board will consider merger of its arm Gokak Sugars with self on Nov. 10. 

🎯 Quick Heal Technologies :

Company to make a strategic investment of $300,00 in Israel’s based cybersecurity startup L7 Defense.

🎯 Mindtree :

Company promoter Kamran Ozair sold 1,25,000 shares on Oct. 27.

Negative for the stock. 

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Edited by Sharp. 

31st October, 2019 Morning Brief

Market will open with a gap up today.

Global markets are positive including Asian majors as well as the US markets after a rate cut by Fed. 

Most of the Asian markets were trading with a positive bias after the US Federal Reserve decided to cut rates for the third time this year but signaled its rate-cut cycle might be at a pause.

US markets ended higher with the S&P 500 closing at a record for the second time in three sessions, after the U.S. Federal Reserve decided to cut interest rates by a quarter of a percentage point.

India fiscal deficit data for April-September to be announced today. 

🎯 News & Impact 🎯 

Major Results Today :

IOC 

🎯 IndiGo :

Company has joined International Air Transport Association as a member on Wednesday. 

Positive for the stock. 👍 

🎯 Vodafone Idea :

Fear that company may shut down its operations in India. 

Negative for the stock. 

🎯 TVS Motors :

Company collaborated with South American Cadisa group. 

🎯 HDFC :

Company said that it has been allotted 15.93 crore shares or 9.9 % stake in Bandhan Bank post the merger of Gruh Finance and Bandhan Bank.

🎯 Intellect Design Arena :

Company has signed a multi-million deal with UK’s Commonwealth Trade Bank for digital solutions.

🎯 ICICI Lombard General Insurance :

Company to acquire proprietary software from Unbox Technologies , along with ancillary movable assets for housing the software and employees for operation, maintenance and development of the software, for an aggregate cash consideration of Rs 225 crore. 

🎯 Balaji Amines :

Company has started manufacturing of fungible products and commenced commercial production at company’s subsidiary plant and is expected environmental clearance for 90-acre Greenfield project in the month of November.

🎯 Future Retail :

Company said that promoters have 47 % stake in the company, out of which 73.95 % of the promoter shareholding is encumbered.

Negative for the stock. 

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Edited by Sharp. 

30th October, 2019 Morning Brief

Market will open with a gap up today in continuation with yesterday's rally. 

Stocks in Asia were mixed early today with markets in a holding pattern awaiting the Federal Reserve’s policy decision.

U.S. stocks ended a lackluster session lower as trade headlines and a spate of corporate earnings weighed on shares ahead of tomorrow’s expected rate cut by the Federal Reserve.

The bulls strengthened their hold on Dalal Street yesterday on positive global cues and better-than-expected September quarter earnings till date. It opene hopes that the government may announce a slew of market-friendly sops in coming days 

including the existing structures of long-term capital gains (LTCG) tax, the securities transaction tax (STT) and dividend distribution tax (DTT) are being reviewed by the Prime Minister’s Office in consultation with the Finance Ministry’s Revenue Department and NITI Aayog.

🎯 News & Impact 🎯

Results Updates :

🎯 Petronet LNG (Q2, QoQ) :

Revenue up 8.7 % to Rs 9,361.2 crore. 

Net profit up 2 times to Rs 1,103.1 crore.

🎯 Infosys :

Financial services from ICICI Securities said the tech major doesn't have any perceivable inconsistency in data points shared by the company as alleged in whistleblower letter. 

Positive for the stock. 👍 

🎯 InterGlobe Aviation :

Company has placed an order for 300 A320 Neo family aircraft. This order takes IndiGo’s A320 Neo family aircraft orders to 730.

🎯 HDFC Life Insurance : 

Standard Life looking to sell up to 7.58 crore shares or 3.76 % stake in HDFC Life Insurance.

🎯 Lemon Tree Hotels :

Company has launched its first hotel under the new brand Aurika Hotel 7 Resorts in Udaipur.

🎯 Bandhan Bank : 

RBI imposed a penalty of Rs 1 crore on shareholding norms as per RBI licensing guidelines.

🎯 Lakshmi Machine Works :

Company said that it has commenced the assembly of machine tools at the Coimbatore plant for Japan’s DMG Mori.

🎯 Wipro :

Company launches next generation engineering and innovation center in Virginia. 

🎯 BEML : 

Government started divestment process for BEML, likely to do strategic stake sale -

🎯 Jindal Stainless :

Company promoters hold 68.1 percent stake in the company, out of which 34.51 percent of the total equity stake is encumbered as a pledge.

🎯 Saregama India : 

NCLAT has dismissed a plea filed by the company to initiate insolvency proceedings against Chennai-based Home Movie Makers observing that it is not a financial creditor under the Insolvency and Bankruptcy Code.

🎯 Mindtree :

Company promoter Kamran Ozair sold 6,300 shares on Oct. 25

🎯 Apollo Tricoat Tubes :

Company promoter Saket Agarwal sold 3 lakh shares on Oct. 24.

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Edited by Sharp. 

29th October, 2019 Morning Brief

Market will open on a flat note today after a holiday. 

Stocks in Asia are set to advance after U.S. equities climbed to a record as optimism for a trade deal combined with encouraging earnings and bets the Federal Reserve will cut interest rates.

🎯 Excel Industries :

Company completes acquisition of chemical manufacturing unit of NetMatrix Crop Care.

🎯 Tata Power :

Tata power JV company signs asset purchase agreements with Tata Steel for acquisition of 120 MW Captive Gas-Based Power Plant and 40 MW Diesel Generating Station.

🎯 GVK :

Company signs binding agreements with ADIA, PSP Investments and NIIF for an investment of Rs 7,614 crore in its airports holding company.

🎯 Shriram EPC :

Company disclosed pledge of 18.5 % of promoter holding in SVL Ltd at periodic intervals in favour of Oriental Bank of Commerce.

🎯 Dr Reddy :

Audit of our API Srikakulam Plant (SEZ), Andhra Pradesh, by the USFDA, has been completed on October 25, 2019 and issued a Form 483 with 4 (four) observations.

🎯 NTPC :

has entered into a JV & shareholders agreement with the Ceylon Electricity Board for incorporation of 50:50 JV Company for development of 300 MW ±15% LNG power project at Kerawalapitiya, Sri Lanka. 

🎯 M&M :

Company will acquire 100 % stake in Peugeot Motocycles.

🎯 Excel Industries :

Company completes acquisition of chemical manufacturing unit of NetMatrix Crop Care.

🎯 Piramal Enterprises :

Company entered into the securities subscription agreement with Caisse de depot et placement du Quebec on October 25, 2019.

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Edited by Sharp. 

27th October, 2019 Morning Brief

Market will open with a gap up on this special session today. 

The S&P 500 Index on Friday briefly surpassed its closing record amid positive signs on trade talks and as investors assessed corporate earnings.

🎯 News & Impact 🎯 

🎯 Tata Motors (Q2, YoY) :

Revenue down 9.1 % to Rs 65,432 crore. Net loss at Rs 216.5 crore versus net loss at Rs 1,049 crore.

🎯 ICICI Bank (Q2, YoY) :

Net interest income up 25.5 % to Rs 8,057.4 crore. 

Net profit down 27.9 % to 654.96 crore.

Negative for the stock. 👎

🎯 HDFC AMC (Q2, YoY) :

Revenue up 3.7 % to Rs 498 crore. 

Net profit up 78.8 % to Rs 368.2 crore

Total AUM up 25 % to Rs 3,66,200 crore.

Positive for the stock. 👍 

🎯 Pfizer (Q2, YoY) :

Revenue up 9.1 % to Rs 567.1 crore. 

Net profit up 61 % to Rs 154.3 crore.

🎯 Reliance :

The boards of Reliance Industries and its wholly owned subsidiary Reliance Jio Infocomm Ltd., in separate meetings today, approved the creation of a new digital platform holding company as well as a debt restructuring.

Positive for the stock. 👍 

🎯 Mahindra & Mahindra :

M&M's subsidiary Mahindra Two Wheelers Europe will fully acquire France-based Peugeot Motorcycles for an undisclosed amount.

🎯 Lemon Tree Hotels : 

Unit’s board approved acquisition of 100 % stake in Berggruen Hotels and issuance of convertible preference shares for an amount not exceeding Rs 421 crore to APG Strategic Real Estate Pool NV and Lemon Tree Hotels.

🎯 NTPC :

Company entered in a JV and Shareholders Agreement with Ceylon Electricity Board for development of 300MW LNG Power Project.

🎯 Excel Industries :

Company has completed the acquisition of the chemical manufacturing unit of NetMatrix Crop Care in Andhra Pradesh.

🎯 Edelweiss Financial Services : 

Arthur Gallaghar has acquired minority stake in the company’s arm Edelweiss Insurance Brokers.

🎯 Ashiana Housing :

Company launched the first phase of its residential project in Jamshedpur.

🎯 Tata Power :

Company’s joint venture will acquire two power plants at Kalinagar for Rs 920 crore from Tata Steel. The JV has also signed tolling agreements with Tata Steel for supply of power from the afore-mentioned power plants.

🎯 Engineers India :

Company has won order from HPCL regarding LPG cavern project at Mangaluru for Rs 83 crore and EPC order worth Rs 185 crore from Numaligarh Refinery.

🎯 Wonderla Holidays :

Company to commence construction of an amusement park in Chennai soon.

🎯 Astec LifeSciences :

Company received grant of patent in respect of invention of a method for production of cyclopropane derivatives for a period of 20 years from the date of filing for patent, i.e. April 2014.

🎯 Telecom Sector :

Bharti Airtel, Vodafone Idea in Focus: Further setback to telecom companies; Supreme Court orders companies to pay dues to Department of Telecommunications within 3 months

🎯 Mindtree :

Company promoter Kamran Ozair sold 1.2 lakh shares from Oct. 23-24.

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Edited by Sharp. 

25th October, 2019 Morning Brief

Market will open with a gap up today.

Stocks in Asia are trading mixed as weakness from Amazon.com Inc. earnings kept a lid on positive sentiment. 

Technology shares led gains in U.S. stocks as investors assessed a raft of corporate earnings against the backdrop of a global economic slowdown.

🎯 News & Impact 🎯 

Major Results Today :

SBI, Tata Motors, HDFCAMC

Results Updates :

🎯 ITC (Q2, YoY) :

Revenue up 5.3 % to Rs 11,871.5 crore. 

Net profit up 36.2 % to Rs 4,023.1 crore. 

🎯 InterGlobe Aviation (Q2, YoY) :

Net loss at Rs 1,062 crore versus loss of Rs 651.5 crore, 

Revenue up 31% at Rs 8,105.2 crore versus Rs 6,185.3 crore, YoY. 

🎯 Sterlite Tech (Q2, YoY) :

Revenue up 25.4 % to Rs 1,359.7 crore. 

Net profit up 21.6 % to Rs 159.6 crore. 

🎯 Colgate Palmolive (Q2, YoY) :

Revenue up 4.6 % to Rs 1,221.8 crore. 

Net profit up 24.3 % to Rs 244.1 crore. 

🎯 PNB Housing Finance (Q2, YoY) :

Net interest income up 29.1 % to Rs.494.6 crore. 

Net profit up 45 % at Rs.366.8 crore. 

🎯 Alembic Pharma Q2 : 

Consolidated net profit up 23.1% at Rs 246.3 crore versus Rs 200.1 crore, 

Revenue up 10.1% at Rs 1,241 crore against Rs 1,127 crore, YoY. 

🎯 IDFC First Bank (Q2, YoY) :

Net interest income up 3 times to Rs. 1,363.1 crore. 

Net loss at Rs 679.5 crore versus net loss at Rs 369.7 crore. 

Positive for the stock. 👍 

🎯 Hexaware, Tata Elxsi & Union Bank of India to be removed from F&O segment with effect from Dec. 27.

🎯 Chalet Hotels :

Company has issued Letters of Award for works contract aggregating to Rs 319.5 crore to Larsen & Toubro for construction of Hotel and Commercial Building in Powai, Mumbai.

🎯 Bandhan Bank : 

Board approved increasing shareholding limits for the foreign portfolio investors to 49 % from 24 %.

🎯 Tata Steel :

Company clarified that its arm has participated in the e-auction for tendering by Odisha Government for the Misrilall Chrome Mine and is awaiting the outcome of the auction in the form of formal communication from the Odisha Government.

🎯 Cochin Shipyard : 

Nippon Mutual Fund increased the stake to 7.4 % on Oct. 22. from 6.4 %

🎯 Patel Engineering :

Company promoters increased their stake to 59.84 % from 8.24 % via rights share issue on Oct. 18.

🎯 Zee Entertainment Enterprises :

Company promoter Essel International sold 2.68 lakh shares on Oct. 22.

🎯 Motilal Oswal Financial Services :

Company reported a sharp jump in net profit at Rs.142.3 crore in September quarter as against Rs 4.5 crore in the year-ago period. 

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Edited by Sharp. 

24th October, 2019 Morning Brief

Market will open on a positive note today after a volatile session of yesterday.

U.S. stocks rose as investors sifted through a batch of earnings reports.

Asembly results for Maharashtra and Haryna will be pronounced today as counting begins at 8 a.m. 

Most expect a one side victory to the ruling party. Any unexpected outcome may keep market volatile. 

🎯 News & Impact 🎯 

Major Results Today :

ITC, Maruti Suzuki India, IndiGo, 

Results Updates :

🎯 L&T (Q2, YoY) :

Revenue up 15 % to Rs 35,328 crore. 

Net profit up 13 % to Rs. 2,528 crore versus Rs 2230 crore.

🎯 HCL Tech (Q2, QoQ) :

Dollar revenue up 5.2 percent to $2,486 million. 

Revenue up 6.7 % to Rs 17,527 crore.

🎯 Hero MotoCorp (Q2, YoY) :

Revenue down 16.7 % to Rs 7,571 crore. 

Net profit down 10.3 % to Rs 875 crore.

🎯 Biocon (Q2, YoY) :

Revenue up 19 % to Rs.1,572.2 crore. 

Net profit down 39.2 % to Rs.215.7 crore

🎯 NIIT Technologies (Q2, QoQ) :

Revenue up 7.9 % to Rs 1,038.5 crore. 

Net profit up 36.4 % to Rs 119.5 crore.

🎯 Hexaware Technologies (Q3CY19, QoQ) :

Revenue up 13.2 % to Rs 1,481.3 crore.

Net profit up 21.3 % to Rs 183.7 crore.

🎯 Torrent Pharma (Q2, YoY) :

Revenue up 5.9 % to Rs 2,005 crore.

Net profit up 36.3 % to Rs 244 crore.

🎯 JSW Steel :

Company post a 21.5 % growth in its consolidated net profit at Rs.2,536 crore in the quarter ended September 2019. 

The company had posted profit of Rs 2,087 crore in the same quarter last year.

🎯 PI Industries (Q2, YoY) :

Revenue up 25.5 % to Rs 907.4 crore.

Net profit up 30.2 % to Rs 123.2 crore.

🎯 Polycab India (Q2, YoY) :

Revenue up 23.7 % to Rs 2,241.9 crore.

Net profit up 2.2 times to Rs 191.8 crore.

Positive for the stock. 👍

🎯 Indian Bank :

Bank reported a 139 % year-on-year rise in its September quarter profit at Rs.358.6 crore. The bank also registered improvement in asset quality on a sequential basis. 

Positive for the stock. 👍 

🎯 Telecom stocks—Bharti Airtel and Vodafone Idea— The long pending judgement related to the AGR case is expected to pronounce verdict today at around 1 p.m. If the judgement is against the telecom operators then Airtel would have to pay dues worth Rs 21,682 crore, while Vodafone Idea would have to pay around Rs 28,309 crore.

🎯 HCL Tech :

Company announced 1:1 bonus.

Positive for the stock. 👍 

🎯 MTNL :

Company to be merged with BSNL. MTNL to act as subsidiary of BSNL till merger is completed.

🎯 Jindal Stainless :

Company signed MoU with Braithwaite & Co to develop stainless bridges on the sidelines of ongoing International Railway Equipment Exhibition in New Delhi.

🎯 Sadbhav Engineering :

Company’s arm Sadbhav Infra Project has received approval from various authorities for the transfer of its 100 % stake in 7 special purpose vehicles to Indinfravit Trust.

🎯 Mishra Dhatu Nigam : 

LIC reduced stake in the company from 6.72 % to 4.66 % from June 15-Oct. 18.

🎯 Prism Johnson : 

Board approved demerger or retail business in its 4 arms and amalgamation of its two arms Milano and Silica with self.

🎯 SpiceJet :

Company announced plans to launch a new airline with the Ras Al Khaimah International Airport as its base as well as set up its first overseas hub in the UAE emirate, according to media reports.

🎯 GTPL Hathway : 

Ashish Kacholia sold 21.64 lakh shares or 1.92 % equity at Rs 72 each.

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Edited by Sharp. 

23rd October 2019, Morning Brief

Market will open on a flat note today after yesterday's negative session.

Stocks in Asia were mixed after developments on Brexit sapped risk appetite, dragging U.S. shares lower with Treasury yield.

Stocks in U.S. and Europe declined and the pound sank after U.K. Prime Minister Boris Johnson lost a key vote to fast-track legislation.

Major Results Today :

Bajaj Auto, HCL Technologies, HeroMotoCorp, JSW Steel, Larsen & Toubr, HDFC Life, Biocon

🎯 News & Impact 🎯 

Results Updates :

🎯 Axis Bank (Q2, YoY) :

Net interest income up 16.6 % to Rs 6,101.8 crore. 

Net loss at Rs 112.1 crore versus net profit at Rs 789.6 crore.

Positive for the stock. 👍

🎯 Asian Paints (Q2, YoY) :

Revenue up 9.4 % to Rs 5,050.7 crore versus Rs 4,615.5 crore. 

Net profit up 67.5 % at Rs 823.4 crore versus Rs.491.6 crore.

🎯 Bajaj Finserv (Q2, YoY) :

Revenue up 46.6 % to Rs.14,221.9 crore.

Net profit up 71 % at Rs.1203.7 crore.

🎯 ICICI Prudential Life Insurance (Q2, YoY) :

Gross Premium up 6.6 % to Rs 8,190.8 crore.

Net income up 1 % to Rs.301.9 crore.

🎯 RBL Bank (Q2, YoY) :

Net interest income up 46.5 % to Rs 868.7 crore.

Net profit down 73.4 % to Rs 54.3 crore.

Negative for the stock. 

🎯 Lupin : 

Received approval from the US health regulator to market its generic Divalproex Sodium extended-release tablets in the American market. The company has received approval from USFDA for its Divalproex Sodium extended-release tablets in the strengths of 250 mg and 500 mg.

Positive for the stock. 👍 

🎯 Aurobindo Pharma : 

Company gets US FDA nod for Carbidopa. 

Positive for the stock. 👍 

🎯 JMC Projects : 

Company has secured new orders worth Rs 1,059 crore. The orders are for residential and commercial building projects in South and North India totalling Rs 782 crore and a water supply project worth Rs 277 crore in Jharkhand. 

🎯 Bajaj Finserv : 

Bajaj Life Insurance signed a corporate agreement with Axis Bank in September quarter.

🎯 Affle India : 

Filed 14 patents in Singapore and the U.S. The newly filed 4 patents in Singapore power innovations in AI-driven intelligence and automation.

🎯 Linde India : 

CCI approved divestment of the company’s south region business. Air Water Inc will purchase the surplus land at Chennai and Hyderabad and decommissioned the air separation unit at Hyderabad for Rs.1,380 crore.

Positive for the stock. 👍 

🎯 Sterling & Wilson Solar : 

Received a letter of intent for engineering, construction and procurement order for 1.09GW DC Solar Farm in the Middle East, valued at $635 million.

🎯 Jubilant Life Sciences : 

Unit has received ANDA approval for Clomipramine Hydrochloride Capsules which is used for the treatment of OCDs.

🎯 Subros : 

Production activities have started at its new plant in Ahmedabad based on customer approvals.

🎯 RITES : 

Company signed MoU with Ghana to promote long term bilateral co-corporation in transport and infrastructure development projects in Ghana.

🎯 Infosys : 

Rosen Law firm announced filing of securities claims against company. 

🎯 Jindal Steel & Power : 

Promoters hold a 60.4 % stake in the company, out of which 68.99 % stake is encumbered.

🎯 Amara Raja Batteries : Received a request letter from Johnson Controls (Mauritius) seeking their de-classification as the promoter of the company.

🎯 J. Kumar Infraprojects : 

HDFC Mutual Fund increased stake to 7.5 % from 5.38 %.

🎯 Bajaj Consumer : 

IDBI Trust sold entire stake (23.68 percent equity) in company from October 18-22.

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Edited by Sharp. 

22nd October, 2019 Morning Brief

Market will open on a flat note today after yesterday's holiday. 

Stocks in Asia gained Tuesday after U.S. equities advanced as positive signs emerged on trade talks and ahead of earnings from some of the world’s biggest companies.

U.S. stocks advanced amid positive signs on trade talks and as investors awaited earnings from some of the world’s biggest companies.

🎯 News & Impact 🎯

Major Results Today :

Asian Paints, Axis Bank, Bajaj Finance, Bajaj Finserv, Kotak Mahindra Bank, ICICI Prudential Life Insurance. 

Results Updates :

🎯 Reliance Industries (Q2, QoQ) :

Revenue down 1.3 % to Rs 87,137 crore. Net profit up 7.4 % to Rs 9,702 crore. Ebitda up 0.2 % to Rs 13,666 crore. Margins at 15.7 % versus 15.5 percent. GRM up 16 % to $9.4/bbl versus $8.1/bbl.

Reliance Jio (Q2, QoQ) : 

Revenue up 5.8 % to Rs. 12,354 crore. 

Net profit up 11.1 % to Rs 990 crore.

🎯 UltraTech Cement (Q2, YoY) :

Revenue up 4.3 % to Rs 9,253.8 crore. 

Net profit up 72.3 % to Rs 639.2 crore.

🎯 Bharti Infratel (Q2, QoQ) :

Revenue down 2 % to Rs 3637.6 crore. 

Net profit up 8.6 % to Rs 963.5 crore. 

🎯 AU Small Finance Bank (Q2, YoY) :

Net interest income up 40.6 % to Rs 451.6 crore. 

Net profit up 88.1 % to Rs 171.9 crore. 

Positive for the stock. 👍 

🎯 Piramal Enterprises :

Revenue up 14.6 % to Rs 3,603.6 crore. 

Net profit up 15.3 % to Rs 554.7 crore.

🎯 Ujjivan Financial Services (Q2, YoY) :

Net interest income up 44.7 % to Rs 407 crore. 

Net profit up 2.2 times to Rs 63.2 crore.

Positive for the stock. 👍 

🎯 Avanti Feeds (Q2, YoY) :

Revenue rose 41 % to Rs 1,064 crore. 

Net profit rose 156 % to Rs 119 crore.

Positive for the stock. 👍 

🎯 Ambuja Cements (Q3. YoY) :

Revenue up 0.5 % to Rs 2,626.1 crore. 

Net profit up 31.4 % to Rs 234.6 crore.

Positive for the stock. 👍 

🎯 L&T Technology Services (Q2, YoY) :

Dollar revenue up 12 % to $198 million. Revenue up 10.7 % to Rs 1402.1 crore. 

Net profit up 7.7 % to Rs 205.8 crore.

🎯 ICICI Lombard General Insurance (Q2 ,YoY) :

Gross direct premium down 16.4 % to Rs 2,953 crore. 

Net Profit up 5 % to Rs 308 crore.

🎯 Granules India : 

U.S. FDA approved the Abbreviated New Drug Application (ANDA) for Fexofenadine Hydrochloride tablets. It is bioequivalent to Allegra allergy tablets of Sanofi-Aventis U.S. LLC.

Positive for the stock. 👍 

🎯 Infosys : 

An anonymous whistleblower letter has alleged that the company’s Chief Executive Officer Salil Parekh dressed up the company’s books—accusations that could plunge the software services provider into its second leadership-related crisis in a little over two years.

Negative for the stock. 

🎯 Adani Green Energy :

Company has commissioned 50MW wind generation capacity in Gujarat having PPA with SECI for 25 years. Company has planned further 225MW wind capacity in the Bhuj Area by the second half of 2020.

🎯 UltraTech Cement : 

Board approved capex of Rs 940 crore for premium products with an increase in grinding capacities in Bihar and West Bengal by 0.6MTPA each and a grinding unit of 2.2 million tons in Odisha. All plants to be commissioned by Jan-March 2021.

🎯 REC : 

Board approved sale of two SPVs to bidders. 

🎯 MSTC : 

HPCL and Mittal Group JVs appointed company as the selling agent. MSTC will levy a service charge of 2.7 % and incase of pre-bid forfeiture MSTC will get 50 % of the amount.

🎯 Berger Paints :

Company to acquire 95.53 % stake in STP Limited at Rs 167.5 crore. 

The target company manufactures and supplies construction chemicals and building materials.

🎯 Ambuja Cements : 

Board approved merger of wholly-owned arm Dirk India with self. The target company is in the business of processing of Fly ash into "Pozzocrete" and is also engaged in a job work for Ambuja Cements by manufacturing cement at its Nasik facility.

🎯 Inox Wind :

Company clarified that its three manufacturing plants located in Gujarat, Madhya Pradesh and Himachal Pradesh are fully operational and there is no lock out.

🎯 Future Lifestyle Fashions : 

Debenture Trustee Vistra ITCL increased its stake via encumbrance to 45.77 % from 38.55 % on Oct. 17.

🎯 Balmer Lawrie :

Company to consider bonus issue of shares on Nov. 11.

🎯 Vinati Organics :

Company to consider share split from one equity share into two equity shares on Nov. 12.

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Edited by Sharp. 

18th October, 2019 Morning Brief

Market will open on a negative note today after yesterday's rally. 

Asian stocks headed for their highest close since July on Friday after U.S. shares edged closer to a record. 

U.S. stocks climbed toward all-time highs amid a spate of mostly positive earnings reports.

News that the European Union and the United Kingdom have agreed on a Brexit deal helped lift sentiment toward the end of the day's trade.

🎯 News & Impact 🎯

Major Results Today :

Reliance, Ambuja Cement 

Results Updates :

🎯 Zee Entertainment Enterprises (Q2, YoY) :

Revenue rose 7.4 % to Rs 2,122 crore.

Net profit rose 6.9 % to Rs 413.2 crore.

🎯 LT & Infotech (Q2, QoQ) :

Revenue rose 3.5 % to Rs 2,570.7 crore.

Net profit rose 1.2 % to Rs 360.1 crore.

🎯 Cyient (Q2, QoQ) :

Revenue rose 6.4 % to Rs 1,159 crore.

Net profit rose 9.4 % to Rs 98.5 crore.

🎯 South Indian Bank (Q2, YoY) :

Net Interest Income rose 15.2 % to Rs 584.3 crore.

Net profit rose 20.5 % to Rs 84.5 crore.

🎯 Nocil :

Company board had approved capex of Rs 255 crore for expansion of capacities in Navi Mumbai and Dahej.

🎯 Alicon Castalloy :

Company awarded multi-year contract aggregating to Rs.810 crore from Jaguar Land Rover, Daimler, Samsung SDI and Mahle.

🎯 Cipla : 

Venus Remedies sold its patented product Elores to the company for the Indian markets. This drug is used for treatment of life-threatening infections caused by bacteria.

🎯 FDC :

Company has entered into definitive agreement (including a trademark assignment deed) with GlaxoSmithKline Pharmaceuticals Limited for acquiring the registered Trademark "ENTEROPLUS" from GSK.

🎯 AksharChem :

Company has planned shutdown of Vinyl Sulphone plant at Mehsana from Oct. 18-31, to carry out major repairs and maintenance.

🎯 L&T Infotech :

Company to acquire 100 % stake in PowerupCloud Technologies for value estimated at $15 million. The target company deals with consultancy for cloud consulting and product platforms.

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Edited by Sharp. 

17th October, 2019 Morning Brief

Market will open on a flat note after yesterday's firm closing. Profit booking can be expected today.

Asian stocks drifted today after a modest dip in U.S. equities as investors mulled a weak U.S. consumer report.

U.S. stocks fell, led by energy and technology shares, as investors mulled earnings reports and the prospects of trade negotiations. Some profit booking took place initially taking into consideration of Warren Buffett's indicator fearing it can be a start of a big downside. 

The deepening slowdown across the economy, commercial credit demand has contracted 2.6 % points to Rs 63.80 lakh crore in the June quarter, says a report. Market participants would keep a close watch on trade talk developments between the US and China, currency and crude oil price movement. And, September quarter earnings.

🎯 News & Impact 🎯

Major Results Today :

Zee Entertainment Enterprises

Result Updates :

🎯 Mindtree Q2 FY20 :

Consolidated net profit rose 45.6 % quarter-on-quarter to Rs.135 crore on the back better operating income.

🎯 DB Corp :

Company reported a 63.6 % increase in consolidated net profit at Rs.75.57 crore in the second quarter ended on September 30, 2019.

🎯 Telecom Sector :

Govt mulling 2-year holiday for telcos to pay spectrum dues. 

Can be proved positive for the sector. 

🎯 ICICI Lombard : 

Prem Watsa’s Fairfax on Thursday sold 4.91 % stake in ICICI Lombard General Insurance Company, exiting the firm it co-founded with ICICI Bank in 2001.

🎯 YES Bank : 

Sunil Mittal, the founder and chairman of Bharti Enterprises, and founder promoters of the Hero Group, Sunil Munjal have shown interest in YES Bank, said a report by ETNOW. 

Positive for the stock. 👍 

🎯 Edelweiss Financial Services : 

The Competition Commission of India has approved Kora Master Fund LP’s investment if up to 10 percent stake in the company’s arm Edelweiss Securities for $75 million, according to its media stateent.

Positive for the stock. 👍 

🎯 PNB Housing Finance Q2 :

Update: Disbursements fell 35 percent on a sequential basis to Rs 4,970 crore.

Negative for the stock. 👎

🎯 NALCO :

Company said coal shortages have severely impacted its aluminium production.

Negative for the stock. 👎

🎯 KNR Constructions : 

The National Highways Authority of India Has terminated the agreement for the company’s arm KNR Chidambaram Infra.

Negative for the stock.

🎯 Shoppers Stop :

Company opened a new store in Gurugram, taking the total to 85 stores under its operations.

🎯 Transformers and Rectifiers India : Company bagged orders worth Rs 158 crore.

🎯 Exide Industries :

Company forays into manufacturing of E-rickshaws. 

🎯 RMC Switchgears : 

Company stood as L1 bidder in MGVCL Tender for FRP fencing.

🎯 Zuari Agro Chemicals :

Company has shut down its NPK plant due to non-availability of raw materials.

🎯 Cox & Kings :

Company defaulted on payment of non-convertible debenture’s interest worth Rs 41.1 lakh which was due on Oct. 15.

🎯 Quess Corp : 

Company acquired 49 % stake Trimax Smart Infraprojects for a consideration of Rs 13 crore.

🎯 Zee Entertainment : 

VTB Capital acquired rights to dispose 10.71 percent equity held by Essel Media in company on October 11.

Negative for the stock. 👎

🎯 Bajaj Consumer Care : 

HDFC MF increased its stake to 6.48 % from 1.23 % on Oct. 15.

Company romoters sold 3.24 crore shares on Oct. 15. 

🎯 Future Consumer Care :

Company promoters have a stake of 46.29 % in the company, out of which 81.26 % of promoter shareholding is encumbered shares.

Negative for the stock. 👎

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Edited by Sharp. 

16th October, 2019 Morning Brief

Market will open on a positive note today after a decent rally witnessed yesterday. 

Asian stocks followed their U.S. peers higher, though gains were pared by U.S.-China tensions over Hong Kong that also sent the yen edging up. U.S. futures dropped after China threatened to retaliate if the U.S. Congress passes a bill offering support to pro-democracy protestors in Hong Kong. Stocks were still up about 1 percent in Japan, and benchmarks were also higher in Australia and Korea after the news.

U.S. stocks touched four-week highs, led by health care and financial shares, as earnings season began in earnest.

🎯 News & Impact 🎯

Major Results Today :

Results Updates :

🎯 Wipro (Q2, Consolidated QoQ :

Revenue rose 2.3 % to Rs 15,130 crore.

Net profit rose 6.6 % to Rs 2,561 crore.

Margin stood at 17.3 % versus 16.6 %.

IT services revenues rose 0.5 % to $2,049 million.

IT services Q3FY20 guidance $2,065 million to $2,106 million.

Translates to 0.8 percent to 2.8 % QoQ growth.

🎯 ACC (Q3CY19, Standalone YoY) :

Revenue rose 2.7 % to Rs 3,527.6 crore.

Net profit rose 45.9 % to Rs 300 crore.

Ebitda rose 25.7 % to Rs 556.4 crore.

Margin stood at 15.7 % versus 12.9 %.

🎯 SBI Life Insurance (Q2, YoY) :

Gross premium rose 33 % to Rs 10,243.4 crore.

Net profit rose 21 % to Rs 348.91 crore.

Thirteen month persistency at 83.13 % versus 80.03 %.

🎯 MCX (Q2, Consolidated YoY) :

Revenue rose 40.9 % to Rs 100.2 crore.

Net profit rose 2 times to Rs 71.8 crore.

Margin stood at 47.2 % versus 32.2 %.

🎯 ACC :

Company said it is executing projects that will add new capacity in the markets of Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand and West Bengal. They also maintained a positive outlook for demand in the coming months.

Positive for the stock. 👍 

🎯 Sterling & Wilson 

Company signed contract for a new engineering, construction and procurement for Solar Farm In Australia for 220.83 million Australian dollar.

🎯 NBCC :

Company has secured total business of Rs 852.17 crore for the month of September.

Positive for the stock. 👍 

🎯 ONGC :

Company’s arm ONGC Videsh has recorded discoveries of oil in Colombia and Brazil.

Positive for the stock. 👍 

🎯 International Paper APPM : 

West Coast Paper Mills acquired 17.2 % stake in the company on Oct. 11, through an open offer pursuant to the letter of offer dated Aug. 30.

🎯 Sheela Foam :

Company has incorporated its arm in U.S. named SleepX US Inc.

🎯 Emami : 

Blackstone, KKR and TPG Capital join race for Emami Cement. 

🎯 Future Enterprises :

Company to consider selling assets to Future Retail on November 8.

🎯 Arss Infra Projects :

Company received work order of Rs 60.6 crore for construction of roads in Odisha by Rail Vikas Nigam.

🎯 Bajaj Consumer Care :

Company promoter sold 3.22 crore shares or about 21.9 % stake.

Nearly 38 % of the company’s equity is pledged with Axis Finance Ltd.

Negative for the stock.

🎯 Entertainment Network : 

Bahrain-based Adline Media has terminated brand and content license agreement signed in March 2018 with the company.

Negative for the stock.

🎯 JSW Steel :

Company promoters released pledge of 1.7 crore shares on Oct. 7 in favour of HDFC, Tata Capital Financial Services and Housing Development Corporation.

Positive for the stock. 👍 

🎯 JSW Energy :

Company promoters created pledge of 20 lakh shares on Oct. 7. 

Negative for the stock. 

🎯 Future Retail :

Company promoter Future Corporate Resources created pledge of 50,000 shares on Oct. 11.

Negative for the stock. 

15th October, 2019 Morning Brief

Market will open on a positive note today.

Asian stocks rose, with the biggest gains in Japan, as investors continued to mull trade negotiations after China said it wanted more talks before signing a deal.

U.S. equities declined as investors mulled the implications of the partial trade deal reached last week between the world’s two largest economies.

Positive commentary on the trade war between the US and China, the stellar debut of IRCTC, and fall seen in crude oil prices lifted sentiment. India's retail inflation rate in September grew 3.99 % vs 3.21 % in August.

🎯 News & Impact 🎯

New Listing :

Vishwaraj Sugar Industries

Major Results Today :

Wipro, ACC.

Results Updates :

🎯 Hindustan Unilever (Q2, YoY) :
Revenue rose 6.7 % to Rs.9,852 crore.
Net profit rose 21.2 % to Rs.1,848 crore.
Margin stood at 24.8 % versus 21.9 %.
Volume growth stood at 5 %.

🎯 GTPL Hathway (Q2, YoY) :
Revenue rose 94.9 % to Rs.609 crore.
Revenue (Ex EPC) rose 41 % to Rs 447 crore.
Net profit rose 97.9 % to Rs 28.9 crore.

🎯 Indian Oil Corporation :
ExxonMobil announced its LNG collaborations in India. The company has allied with Indian Oil to explore growth opportunities in the country. Collaboration to explore ways to accelerate India’s access to cost-effective natural gas.
Positive for the stock. 👍

🎯 Adani Gas :
French oil and gas major Total SA has acquired a 37.4% stake in Adani Gas Ltd, promoted by the Adani Group, for Rs5,662 crore.
Positive for the stock. 👍

🎯 HDFC :
Company has reduced Retail Prime Lending Rate by 10 basis points.

🎯 Zee Entertainment Enterprises :
VTB Capital acquired the right to direct disposal of 10.71 % stake in the company held by promoter Essel Media Ventures.

🎯 HDIL :
Enforcement Directorate seized and identified movable and immovable assets worth more than Rs 38,30 crore owned by the company, its Directors / Promoters in PMC Bank fraud case.

🎯 HPCL :
Company is facing rising freight rates on term and spot purchases due to sanctions on China’s COSCO Shipping.
Negative for the stock.

🎯 JSW Energy :
Company’s resolution plan for Ind-Barath Utka which owns 700 MW under-construction thermal power plant in Odisha gets approved by committee of creditors.

🎯 Fortis Healthcare :
Yes Bank stated that they have sold 5.1 crore shares or 6.77 % equity of Fortis Healthcare in various tranches from June 30 till Oct. 14.

🎯 Adani Transmission :
Company signed agreement and completed the acquisition of SPV WRSS XXI (A) Transco, incorporated by REC Transmission Projects Company.

🎯 Lemon Tree :
Hotels has launched 142 room Hotel in Kolkata.

🎯 ONGC :
Exxon Mobil and the company will identify areas for deep water exploration in east and west coast of India.

🎯 Technocraft Industries :
Company has started production of Melange Yarn at Murbad and started trial production of cotton yarn at its new unit at Amaravati.

🎯 Syndicate Bank :
The Reserve Bank of India imposed penalty of Rs 75 lakh on account of delay in fraud reporting and upfront disbursal of housing loans in cases of incomplete/ under-construction/green field housing projects.

🎯 Lakshmi Vilas Bank :
RBI imposed penalty of Rs 1 crore due to violation of RBI Income Recognition and Asset Classification norms.

🎯 Manpasand Beverages, Binani Industries :
BSE to suspend trading in Manpasand Beverages, Binani Industries.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

14th October, 2019 Morning Brief

Market will open on a flat note today as weak IIP numbers may take out global positiveness. Market will expect a lower Inflation which will be announced after market hours today.

Asian stocks began the week with gains after signs of progress in U.S.-China trade negotiations, though sentiment was capped as investors voiced skepticism on the accord.

U.S benchmark indices ended higher on Friday, led by banks and automakers, though there were plenty of gyrations along the way after an overnight session that saw futures whipsawed by headlines giving conflicting signs of progress on the negotiations.

🎯 News & Impact 🎯

New Listing :

IRCTC :
Gray market premium signaled that stock will get listed with 50 to 70% upside.

Major Results Today :

Hindustan Unilever

Results Updates :

🎯 Infosys :
Dollar revenue rose 2.5 % to $3210 million.
Revenue rose 3.8 % to Rs.22,629 crore. Net profit rose 6.2 % to Rs. 4,037 crore.
EBIT rose 9.9 % to Rs.4,912 crore.
Margin stood at 21.7 % versus 20.5 %.

🎯 Avenue Supermarts Q2 :
Net profit up 47.5% at Rs 322.63 crore versus Rs.218.67 crore,
Revenue up 22.26 % to Rs. 5,998.90 crore from Rs.4,906.54 crore, YoY.
Positive for the stock. 👍

🎯 Bajaj Consumer Care (Q2, YoY) :
Revenue rose 2.6 % to Rs 220.1 crore.
Net profit rose 11.1 % to Rs 56 crore.

🎯 Adani Gas :
Company inks pact with Total Holdings to acquire 37.4 percent shares in Adani Gas through a tender offer to public shareholders to acquire up to 25.2% shares subject to applicable regulations and purchase the residual shares from Adani Family. Adani Family and TOTAL SA shareholders shall ultimately hold 37.4 percent each and public shareholders shall hold remaining 25.2 %.

🎯 Cadila Healthcare :
Company received zero form 483 observations by U.S. Food and Drug Administration inspections at its API plant in Dabhasa.

🎯 Reliance Capital :
Company said that existing management team of Reliance Securities has entered into a buying agreement for buying out the broking and distribution business from Reliance Capital, subject to regulatory approvals. 

🎯 Aurobindo Pharma :
HDFC MF increased stake in the company to 7.12 % from 5.11 % on Oct. 9.

🎯 Bank of Baroda Baroda Asset Management and BNP Paribas Asset Management said they have decided to merge their businesses in a bid to leverage each other's strengths to offer products for retail and institutional investors.

🎯 GOCL Corporation :
Company received order worth Rs 375 crore from Coal India arm for supply of Bulk Explosives for a period of two years.
Positive for the stock. 👍

🎯 Indraprastha Gas :
Company received letter of acceptance from Petroleum and Natural Gas Regulatory Board for Central Government’s authorisation to the company for Ghaziabad GCD network. This letter has granted infrastructure exclusivity for laying building or expansion of the CGD Network till 2032.
Positive for the stock. 👍

🎯 MSTC :
Company has been appointed as a selling agent by Northern Coalfields for disposal of scrap for a period of two years.

🎯 HCL Tech :
Company has completed the acquisition of Sankalp Semiconductors.

🎯 NALCO :
Government sold 92.9 lakh shares on Oct.10. Stake reduced from 52 percent to 51.5 percent.

🎯 Steel Strips Wheels :
Company said that promoters have a stake of 61.1 % in the company out of which 51.34 % of the promoter shareholding are encumbered shares.

🎯 Emami :
Company said that promoters have a stake of 52.72 % in the company out of which 61.95 % of the promoter shareholding are encumbered shares.

🎯 Lupin :
Company plans to file Etanercept, Pegfilgrastim biosimilars in US by Q4FY20.

🎯 DLF :
Sells 376 completed flats worth Rs 700 crore in Gurugram housing project.

🎯 Torrent Pharma :
Recalls 74k bottles of hypertension drug from US.

🎯 GFL :
Company promoter Inox Leasing & Finance acquired 50,000 shares on Sep. 30.
Positive for the stock. 👍

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11th October, 2019 Morning Brief

Market will open on a positive note after yesterday's correction.

Stocks in Asia gained as high-level U.S.-China trade talks progressed into a second day and optimism grew that a truce can be achieved.

Market may trade cautiously ahead of  release of August industrial production data today. Nifty will have to sustain above 11600-11700 declining trendline to see new horizon. Similarly, 11000 will be considered as a good immediate support.

🎯 News & Impact 🎯

Major Result Today :
Infosys

Results Updates :

🎯 IndusInd Bank Q2 :
Net profit down 3.4% at Rs 1,383.4 crore against Rs 1,432.5 crore.
NII up 2.3% at Rs 2,909.5 crore against Rs 2,844 crore, QoQ.

🎯 TCS (Q2, QoQ) :
Dollar revenue rose 0.6 % to $5,517 million.
Revenue rose 2.1 % to Rs.38,977 crore. Net profit fell 1.1 % to Rs.8,042 crore.

🎯 Fortis Healthcare :
Police in New Delhi have arrested former billionaire Shivinder Singh and three others on charges of siphoning funds and fraudulently diverting nearly $337 million from a lender they controlled.
Negative for the stock.

🎯 Tata Steel Ltd :
Crude steel production increased 4.65 % to 4.5 million tonne in second quarter ended Sept. 30 as against 4.3 MT in the corresponding quarter in the last financial year.

🎯 Biocon :
Unit entered into strategic licensing agreement with Evotec Group for an early-stage, pre-clinical bio similar asset.

🎯 Eveready Industries :
Completed the sale of its land in Chennai for Rs 100 crore to Alwarpet Properties.

🎯 Astron Paper & Board Mill :
Company has doubled its capacity to 1,74,600 million tonne per annum in the previous financial year.

🎯 ARSS Infrastructure Projects :
Company bags orders worth Rs. 220.65 crore.

🎯 NHPC :
Company has completed the formalities for the takeover of Lanco Teesta Hydro Power.

🎯 Arvind Smartspaces :
Company & HDFC Capital set up a Rs. 250 crore affordable and mid-income housing platform.

🎯 Quess Corp :
Shareholders approved amalgamation of the company’s four arms with self.

🎯 Aban Offshore :
Company has received award for deployment of rig from Oil & Natural Gas Corporation for a period of three years.

🎯 Godrej Agrovet :
Company has in created its shareholding in Godrej Maxximilk from 62.97 % to 74 %.

🎯 Vakrangee :
Company has announced its partnership with Aadhar Housing Finance Ltd. for offering distribution of Home Loan & Loan against Property through its Nextgen Vakrangee Kendras.

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

10th October, 2019 Morning Brief

Market will open with a gap down after yesterday's pullback rally.

Asian stocks and U.S. futures fell, China’s yuan dropped and the yen edged higher as optimism about crucial Sino-American trade talks subsided.

Thursday’s session saw a volatile open, with contracts on the S&P 500 Index down as much as 1.3% then paring almost half the loss as traders reacted to conflicting reports on whether negotiations would be cut short to just one day.

🎯 News & Impact 🎯

Major Results Today :

Indusind Bank, TCS

🎯 Lakshmi Vilas Bank, Indiabulls Housing Finance :
The proposed merger of private sector lender with home financier failed to receive approval from the RBI.

🎯 Reliance :
Jio Infocomm Ltd. on Wednesday announced it will charge Jio customers 6 paise per minute for voice calls made to rival phone networks.
Positive for the stock. 👍

🎯 Bharti Airtel :
Company has raised $ 750 million (about Rs 5,330 crore) from investors based in Asia, Europe and the U.S. through a hybrid financial instrument. 
Positive for the stock. 👍

🎯 Torrent Pharma :
Company received a warning letter from the U.S. drug regulator for its Indrad, Gujarat facility, barring fresh approvals from its largest unit that contributes bulk of its sales in the American market.
Negative for the stock.

🎯 Bank of Maharashtra :
The RBI has denied the Bank’s request for setting off accumulated losses aggregating to Rs.7,360.29 crore against the balance lying in share premium account and the revenue reserve account of the Bank.
Negative for the stock.

🎯 Sintex Industries :
defaulted in payment of interest on non-convertible debentures worth Rs 5.92 crore which were due on Oct. 8.
Negative for the stock.

🎯 Coffee Day Enterprises :
Company said that promoters hold 25.35 % stake in the company, out of which 79.94 % of the promoter’s stake is pledged, which is roughly about 4.28 crore shares.

🎯 Transformers & Rectifiers :
Company received orders worth Rs 126 crore from Power Grid Corporation. Order book as on date stands at Rs 1,001 crore.

🎯 Indian Oil Corporation :
Company’s Canadian unit has sought requests for proposals from lenders for facility to refinance a loan of Canadian $580 million from 2014.
Positive for the stock. 👍

🎯 Coal India :
Company said it has lost 13 million tonne, or 2.1%, of its annual output this financial year, due to strikes at eastern Indian Talcher coalfields, one of India's biggest, a spokesman for the company's unit said on Wednesday.

🎯 NHPC :
Company takes over Lanco Teesta Hydro Power Limited: NHPC has completed formalities for taking over 500 MW Teesta VI hydro power project, which it has bagged under corporate insolvency resolution process.

🎯 M&M :
Launched a special edition of its utility vehicle the Bolero with a host of new features amid the festival season

🎯 Sadbhav Engineering :
Promoter releases pledge on 5.6 lakh shares (0.33%) on September 30.

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp.

7th October, 2019 Morning Brief

Market will open on a flat note today despite of gains in U S markets.

Wall Street benchmarks advanced on Friday after solid U.S. hiring data quelled recession fears without crushing the odds of further Federal Reserve easing.

U.S. stock futures fell, the yen edged up and the yuan slipped in early trading Monday after a report that China may be increasingly reluctant to agree to a broad trade deal with the Trump administration. The report from Bloomberg also left Japanese stocks with limited gains in the wake of a solid rally in the S&P 500 Index on Friday. Oil held its biggest weekly decline since July ahead of the trade talks, as a string of disappointing data sparks fears of an economic slowdown.

🎯 News & Impact 🎯

🎯 Container Corporation of India :
Company to contest DGFT claim on benefit under export scheme program. The company says it had claimed a benefit of Rs 1,044 crore for FY16-19, but DGFT said that claims up to Rs 861 crore are not eligible for the export benefit.

🎯 Bosch :
Company said that at its various plants belonging to Powertrain Solutions division, would continue to observe ‘no production days’ for up to 10 days per month per plant during the third quarter of the FY20.

🎯 Talwalkars Healthclubs :
Company has defaulted on payment of two NCDs and a term loan aggregating to Rs.63.54 crore.

🎯 Talwalkars Better Value Fitness :
Company has defaulted on payment of an NCD and a term loan aggregating to Rs.32.37 crore.

🎯 Zee Entertainment Enterprises : Promoter Essel Media Ventures created an encumbrance over the 10.28 crore shares, representing 10.71 percent stake in the company in favor of VTB Capital. The encumbrance was created pursuant to the loan agreement executed on September 2017. 90% of promoter's stake  is pledged.
Negative for the stock.

🎯 Embassy Office Parks REIT :
Certain sponsor group members have created a pledge of 33.2 crore units, which constitute 43.02 percent of the total outstanding units of the REIT with a value of Rs 12,392 crore in favour of Deutsche Bank.

🎯 Sun Pharma Advanced Research : Company receives Orphan Drug Designation from the USFDA for Phenobarbital for the Treatment of Patients with Neonatal Seizures.

🎯 BEML :
Company bags further orders in Metro from Delhi Metro Rail Corporation valuing approximately Rs.729 crore.

🎯 Glenmark Pharma :
USFDA issues a 'Warning Letter' to the Baddi facility.

🎯 Tata Motors :
Company has won order for 300 electric buses from Ahmedabad Janmarg Lupin has launched Mycophenolate Mofetil Capsules.

🎯 Supreme Infra :
Company worked out an amicable settlement with VSSPL.

🎯 Dr Reddy's Labs :
US FDA issues EIR for company's API manufacturing plant 2 at Bollaram, Hyderabad.

🎯 Lupin :
Company’s alliance partner Concord Biotech had received an approval from U.S. FDA.

🎯 Future Retail :
IDBI Trusteeship Services created pledge of 1.1 crore shares on behalf of Aoin Investments and ICICI Venture Employee Welfare Trust on Oct. 1.

🎯 Wipro :
Company has completed the acquisition of International TechneGroup on Oct. 3.

🎯 NHPC :
Company has signed agreement for implementation of the approved resolution plan submitted by the company for takeover and resolution of Lance Teesta Hydro Power Limited, who was implementing the 500 MW project in Sikkim. NHPC has offered Rs 897.5 crore as resolution plan proceeds.

🎯 Info Edge :
Company to acquire 20.25 % stake in Greytip Software for Rs 35 crore. The target company deals with in human resource and payroll solutions. Company clarified on the news of Zomato’s fundraising that no formal proposal has been sent to the Board.

🎯 Power Grid Corporation :
Company has been declared lowest bidder for 765kV transmission project in Rajasthan for Rs 10.24 crore.

🎯 BEML :
Company received order worth Rs 729 crore from Delhi Metro Corporation.

🎯 JSW Steel :
Company has raised $400 million by allotment of notes.

🎯 Manpasand Beverages :
Porinju Veliyath promoted Equity Intelligence India acquired 6.6 lakh shares (0.58 %) at Rs 6.45 each.

🎯 JSW Energy :
Company promoter Glebe Trading released pledge of 1.15 crore shares on Sept. 30.

🎯 Adani Enterprises :
Company promoter group Gautam Adani revoked pledge of 43.8 lakh shares on Sept. 30.

🎯 Adani Ports & SEZ :
Company promoter group Gautam Adani revoked pledge of 1.1 crore shares on Sept. 30.

🎯 Future Consumer :
Company promoter Future Capital Investment created pledge of 14.65 crore shares on Oct. 1.

🎯 Future Lifestyle Fashions :
Company promoters created pledge of 1.7 crore shares on Oct. 1

🎯 Future Retail :
Company promoter Future Corporate Resources created pledge of 1.23 crore shares from Oct. 1-3.

🎯 Anant Raj :
Company promoter Amar Sarin acquired 40,000 shares on Sept. 30.

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Edited by Sharp.

4th October, 2019 Morning Brief

Market will open with a gap up on hopes of rate cut after a negative session yesterday.

Stocks in Asia were mixed at the open Friday as investors awaited the key monthly American employment report and subsequent comments due from Federal Reserve Chairman Jerome Powell.

Market will be volatile today to react over RBI policy.

The S&P 500 rose the most in a month after climbing back from a drop of more than 1 % sparked by the weakest reading on the U.S. services sector in three years.

🎯 News & Impact 🎯

🎯 HDFC Q2 :
Profit on sale of investments rose 83 % on a yearly basis to Rs 1,632 crore.
Profit included profit on sale of part stake of equity shares in Gruh Finance.
Income from dividend at Rs 1,074 crore versus Rs 6 crore. 

🎯 Sun Pharma Advanced Research :
U.S. FDA designated company’s drug as an orphan treatment for neonatal seizures. U.S. FDA awarded designation to the treatment, which has generic name Phenobarbital, on Oct. 2.

🎯 Tata Steel :
Company is weighing a sale of its stake in an e-commerce joint venture as India’s largest steel manufacturer looks to offload non-core assets to pare debt,

🎯 Entertainment Network :
Company to hold 49 percent stake in Global Entertainment Network, a unit of Qatar’s Marhaba FM channel.

🎯 Dhampur Sugar Mills :
Company launched country liquor at its distillery unit at Dhampur.

🎯 National Fertilizers :
Fertilisers sale for April-September (kharif season) up 25 percent on a yearly basis to 27 lakh million tonnes.

🎯 Indian Hotels :
Anheuser Busch InBev signs Rs.150 crore agreement with Indian Hotels. It plans to open 15 microbreweries in over five years.

🎯 New India Assurance :
Signed deed for entering into the Inter Creditor Agreements for the company's exposure to the debt instruments of Reliance Home Finance and Dewan Housing Finance.

🎯 Hindalco Industries :
Novelis receives approval from European Commission for proposed acquisition of Aleris.

🎯 Ujjivan Financial Services :
Sundaram MF decreased its stake to 3.02 % from 5.12 % in the company.

🎯 Maharashtra Seamless :
Company promoter group Sudha Apparels acquired 1 lakh shares on Sept. 30.

🎯 Aarti Industries :
Company promoters sold 25,000 shares on Sept. 30.
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Edited by Sharp.

3rd October, 2019 Morning Brief

Market will open on a flat note today after yesterday's holiday.

Asian stocks declined after a fall in U.S. equities following disappointing American data that increased concerns about a global slowdown.

The S&P 500 on Wednesday suffered its first back-to-back drops of more than 1 % this year as private payrolls fell short of estimates a day after a manufacturing gauge slumped to the lowest in a decade. The jump in investor expectations for a Fed rate cut came after soft economic data raised fears that a recession may be on the horizon. Recent data showed the U.S. economy created fewer-than-expected private jobs last month, while a key gauge of U.S. manufacturing showed the worst reading since 2009.

🎯 News & Impact 🎯

🎯 Yes Bank :
Bank that the steep fall in its stock price on Tuesday was owing to the forced sale of 10 crore equity shares, or 3.92 % of the bank’s share capital, triggered by an invocation of pledge on the equity shares of a large stakeholder, Kapoor.

🎯 Mahindra & Mahindra :
Partnered with Ford Motor Company Inc.  to develop, market and distribute vehicles in India and other high-growth emerging markets around the world.

🎯 Prestige Estates Projects :
Company's arm will jointly invest with DB Realty Group to build Hotel and Convention Centre in Delhi’s Aerocity.

🎯 Power Grid Corporation :
Board gave approval for investment for transmission towers at a cost of Rs.94.2 crore and in-principle approval for asset monetization through Infrastructure Investment Trust.

🎯 CG Power & Industrial Solutions: The Securities Appellate Tribunal has rejected an appeal filed by Gautam Thapar, Avantha Holdings and former officials of the company against an order by the market regulator that barred them from accessing the capital markets.

🎯 Talkwalkars Better Value Fitness : Edelweiss Group acquired a 5.55 % stake in the company by way encumbrances against dues on Sept. 27.

🎯 Metropolis Healthcare :
Company acquired four laboratories for providing diagnostic and pathological testing services in Surat for Rs 18 crore.

🎯 GMR Infra :
The Competition Commission of India approved acquisition of shares of GMR Airports by entities of Tata Group, GIC and SSG Capital, subject to compliance of certain modifications.

🎯 Wipro :
Company will absorb certain employees of Vara Infotech along with its existing contracts.

🎯 Religare Enterprises :
Company entered into a consent agreement with Axis Bank where it will pay Rs 170 crore to the Bank in a phased manner. 

🎯 Biocon :
Biocon and Mylan launch first Insulin Glargine Biosimilar, Semglee, in Australia.

🎯 Phoenix Mills :
Company promoter Atul Ashokkumar Ruia reduced stake from 62.75 percent to 59.16 percent in the company on Sept. 30.

🎯 Prestige Estates :
Company and DB Group will invest Rs 2,000 crore for a project in Delhi.

🎯 Infibeam Avenues :
Company said on the allotment of 21.45 lakh convertible warrants to TV18 Broadcast, that the holder has not exercised the exercise option, thus the company which received 25 percent of the warrant subscription amount stands forfeited. 

🎯 HDIL :
The Ministry of Corporate Affairs is probing books of accounts of the company after its loans brought Punjab and Maharashtra Co-operative Bank down.

🎯 TCS :
Jurassic Fibre partnered with the company to launch Ultrafast Broadband in South West England.

🎯 Info-Edge :
Company invested Rs.6 crore in its wholly owned arm Happily Unmarried.

🎯 Dishman Carbogen Amcis :
Company to acquire 100 % stake in Dishman Biotech for Rs 6 crore.

🎯 Zee Media Corporation :
Acacia Group increased their stake from 6.81 % to 7.66 % in the company.

🎯 Infosys :
SAP and Infosys collaborate to accelerate enterprise digital transformation for clients.

🎯 Dr Lal PathLabs :
Company acquired 70 % stake in Amins Pathology Referral Laboratory for Rs 5.25 crore.

🎯 Aster DM :
Company acquired additional 4.98 % stake in Sri Sainatha Multispeciality Hospital Private Limited.

September Auto Sales

🎯 Tata Motors September domestic sales fell 50 percent at 32,376 units versus 64,598 units. Total commercial vehicles sales was down 45.4 percent at 28,079 units versus 51,419 units. Total passenger vehicles sales was down 56 percent at 8,097 Units versus 18,429 units.
🎯 Eicher Motors September motorcycles sales fell 17 percent at 59500 units versus 71662 units. Exports were up 2.9 times at 4642 units versus 1597 units.
🎯 Hero MotoCorp September two-wheeler sales down 20 percent at 6,12,204 units versus 7,69,138 units.
🎯 TVS Motor September sales fell 25 percent at 3,15,912 units versus 4,23,939 units.

🎯 Yes Bank :
Bank promoter Yes Capital sold 5.52 crore shares from Sept. 26-27.

🎯 Anant Raj :
Company promoter Amar Sarin acquired 3.4 lakh shares from Sept. 26-27.

🎯 Filatex India :
Company promoter Nouvelle Securities acquired 2.5 lakh shares on Sept. 30.

🎯 NIIT Tech :
Company promoter Hulst BV sold 87,000 shares from Sept. 27-30.

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Edited by Sharp.