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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