Thursday, 26 December 2019

27th December, 2019 Morning Brief

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

Asian stocks opened mixed on Friday after technology shares propelled U.S. benchmarks to fresh record highs.

Gains in technology shares sent the Nasdaq Composite Index above 9,000 for the first time. Amazon.com Inc. was among the top equity performers after the e-commerce giant reported a “record breaking” holiday season. European markets remained shuttered.

🎯 News & Impact 🎯

🎯 CARE Ratings, ICRA : 
SEBI imposed Rs. 25 lakh penalty for their failure to exercise skill, care and due diligence in rating the non-convertible debentures of Infrastructure Leasing & Financial Services Ltd. and its non-bank lending unit.

🎯 HG Infra Engineering :
Company was declared L-1 Bidder for HAM Project in Haryana for worth Rs 372.1 crore.

🎯 Adani Ports & SEZ 
Life Insurance Corporation of India increased stake in the company to 11.82 percent from 9.82 percent between Dec. 8-23.

🎯 Biocon
Company incorporated a wholly owned subsidiary Biocon Biosphere. 

🎯 Allahabad Bank
Receives fresh capital of Rs 2,153 crore from the government.

🎯 Sical Logistics :
Company said that the company would default on payment of non-convertible debentures interest worth Rs 5.5 crore falling due on Dec. 27, due to a cash flow mismatch.

🎯 Future Consumer :
Company said 91.9 % promoters stake is encumbered. Promoters have a 46.29 % stake in the company.

🎯 Bharat Forge
Company incorporated its wholly-owned subsidiary in Indapur by the name Kalyani Centre for Precision Technology Limited.

🎯 Axita Cotton
Company received an order for indian organic raw cotton valuing $8,24,527.88 approximately from Maksons Spinning Mills, Bangladesh.

🎯 KRBL :
Company promoters acquired 48,000 shares on Dec. 24.
Positive for the stock. 👍 

🎯 Filatex India :
Company promoter Anu Bhageria acquired 1 lakh shares on Dec. 23.
Positive for the stock. 👍 

🎯 Music Broadcast :
Company promoter Jagran Prakashan acquired 45,000 shares from Dec. 23-24.
Positive for the stock. 👍 
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Edited by Sharp. 

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