Sunday, 10 November 2019

11th November, 2019 Morning Brief

Market will open on a negative note to continue slide of the last session.

Stocks in Hong Kong led most Asian shares lower Monday, after two protesters were shot by police during the morning commute. Hong Kong’s Hang Seng Index lost about 1 percent at the open as tensions flared.

The S&P 500 Index ticked up to a new closing high on Friday, surpassing a record set the previous session and registering its fifth consecutive weekly gain, sparked by optimism that global growth troubles are dissipating.

🎯 News & Impact 🎯

Major Results Today :
Britannia, Adani Ports, Coal India, Hindalco 

Results Updates :

🎯 Nestle (Q3, CY19 YoY) :
Revenue rose 9.4 % to Rs 3,215.8 crore. Net profit rose 33.5 % to Rs 595.4 crore.
Positive for the stock. 👍

🎯 Bank of Baroda (Q2, YoY) :
Net interest income rose 56.4 % to Rs 7,028 crore. 
Net profit rose 73.2 % to Rs 736.7 crore.
Positive for the stock. 👍 

🎯 Ashok Leyland (Q2, YoY) :
Revenue fell 48.4 % to Rs 3,929.5 crore. Net profit fell 92.6 % to Rs 38.9 crore.

🎯 Tata Power (Q2, YoY) :
Revenue rose 4.4 % to Rs 7,677.8 crore. Net profit fell 19.5 % to Rs 270.2 crore.

🎯 NTPC (Q2, YoY) :
Revenue rose 2.3 % to Rs 22,764.6 crore. Net profit rose 34.5 % to Rs 3,262.4 crore.

🎯 Oil India (Q2, QoQ) :
Revenue fell 4.7 % to Rs 3221.1 crore. 
Net profit fell 21.9 % to Rs 661.5 crore.

🎯 Indo Count Industries :
Company said that it has paid Rs.83 crore to the Customs Department and the balance amount will be paid by the company.

🎯 Laurus Labs :
Company said that it has received two observations from U.S. Food and Drug Administration for its FDF & API Integrated Facility, Unit 2 at Visakhapatnam.

🎯 Aurobindo Pharma :
Company clarified on the news of company’s buyout of Sandoz assets being delayed on FTC query is factually incorrect. 

🎯 Lupin :
Company received U.S. FDA approval for company’s Zileulon Extended-Release Tablets to market generic equivalent of Zyflo CR for treatment of asthma.

🎯 Glenmark Pharmaceuticals :
Company receives ANDA approval for Adapalene and Benzoyl Peroxide Gel. 

🎯 TTK Prestige :
Company has completed expansion facilities at its Tamil Nadu and Gujarat facilities for manufacture of stainless-steel pressure cookers/kitchenware and the commercial production has commenced.

🎯 NDTV :
Company received notice from Delhi High Court with regard to a suit for permanent and mandatory injunction, directions and damages instituted by Luv Ranjan claiming damages of Rs 25 crore for defamation.

🎯 Apollo Micro Systems :
Company received order worth Rs 16.9 crore from Ministry of Defense, Government of India.

🎯 Nila Infrastructures :
Company received work order worth Rs 50.3 crore from Ahmedabad Municipal Corporation. 

🎯 NTPC
Board has approved merger of wholly owned arm Kanti Bijlee Utpadan Nigam and Nabinagar Power Generating Company with self.

🎯 L&T :
Company has entered into an amended agreement with Canadian Pension Plan Investment Board, where the Board will hold 48.99 % stake in the company’s arm L&T Infrastructure Developments via Compulsorily Convertible Preference Shares. 

🎯 Kesoram Industries 
The National Company Law Tribunal Kolkata has approved demerger of the Tyre business of the company to a separate company- Birla Tyres with effect

🎯 Zensar Technologies :
Company promoter RPG Ventures acquired 42,000 shares on Nov. 4. 

🎯 Ultratech Cement :
Company promoter group Aditya Marketing & Manufacturing sold 57,000 shares on Nov. 5.
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Edited by Sharp. 

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