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.