Sunday, 29 December 2019

30th December, 2019 Morning Brief

Market will open with a gap up, continuing Friday's rally ahead.

Asian stocks drifted lower on Monday from the highest level in a year and a half, with few financial-market catalysts going into the year-end.

The S&P 500 notched a fifth straight weekly advance and the Nasdaq Composite jumped above 9,000. Blue-chip companies led the Dow Jones Industrial Average to a record high.

🎯 News & Impact 🎯 

🎯 New Listing Today :
Prince Pipes & Fittings

🎯 Gateway Distriparks Adani Logistics Ltd., a wholly owned subsidiary of Adani Ports and Special Economic Zone Ltd., signed definitive agreements to acquire 40.25 % stake in Snowman Logistics from the company.

🎯 JSW Steel 
The company's Netherlands-based subsidiary will offload 39 percent stake in joint venture firm Geo Steel LLC for $23.08 million.

🎯 Gujarat Narmada Valley Fertilizers & Chemicals :
Company has advanced its planned shutdown by around three weeks after temporarily suspending the production of TDI at its TDI-II plant at Dahej.

🎯 BEML :
Company signed a memorandum of understanding with Ircon International to explore and address opportunities in the overseas market for large infrastructure projects in the transportation sector. This MoU is aimed at promoting supply of BEML manufactured rolling stock as well as construction equipment for Railway projects outside India wherein Ircon will carry out civil and construction work as well as facilitate design validation for rolling stock of BEML.

🎯 Sun Pharma 
Company gets USFDA approval for Tobramycin drug. 
Sun Pharma gets USFDA nod for anti-bacterial, Tobramycin Solution. 
The National Company Law Tribunal has blocked scheme of arrangement between the company and its U.S. and Netherlands units.

🎯 SRF :
Company said that demand raised by Collector of Stamps amounting to Rs 29 crore in relation to acquisition of captioned division from CEAT, has been paid in the current quarter.

🎯 Seamec 
Contract with ONGC for deployment of a vessel has been extended till May 3, 2020.

🎯 Oricon Enterprises :
Company has prepaid the term loan of Rs 300 crores to Indiabulls Housing Finance. 

🎯 Skipper :
Company becomes first company in India to have successfully designed, fabricated and type tested a 765 kV S/C Monopole. 

🎯 Rites :
Company declares interim dividend of 60% amounting to Rs 26 per share. 

🎯 Quess Corp
Aditya Birla Sun Life MF increased stake from 1.5 % to 5.55 % in the company as the result of the demerger.

🎯 PI Industries :
Company completes acquisition of lsagro Asia. 

🎯 Inox Wind :
Company signs termsheet for EPC contract of 250 MW from Continuum Power Trading. 

🎯 NHPC :
Unit 2 of Bairasiul Power Station (180 MW) tested and commissioned after completion of renovation and modernization works

🎯 Navneet Education :
Company promoter Shaan Realtors acquired 1.8 lakh shares on Dec. 24.

🎯 Filatex India :
Company promoters acquired 3.25 lakh shares from Dec. 17-20.
Positive for the stock. 👍 

🎯 Max Ventures and Industries :
Company promoter Analjit Singh acquired 1.3 lakh shares from Dec. 23-24.
Positive for the stock. 👍 

🎯 Satin Creditcare Network :
Company promoter Trishashna Holdings acquired 1 lakh shares on Dec. 26.
Positive for the stock. 👍 
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Edited by Sharp. 

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