31st January, 2020 Morning Brief

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

Asian stocks opened higher Friday, after a late-session rally in U.S. shares, as investors continued to gauge the implications of the spreading coronavirus.

U.S. stocks advanced and bonds retreated after the World Health Organization stepped up efforts to combat the deadly coronavirus by declaring an international health emergency.

• The Budget Session of Parliament begins today with the President's address. Finance Minister Nirmala Sitharaman will table the economic survey in Parliament at noon.
• The government will release annual estimate GDP data for 2018-19.
• India to release fiscal deficit data for April-December period.

🎯 News & Impact 🎯

Major Results Today :

Hindustan Unilever, ITC, Power Grid, State Bank of India, Tech Mahindra, Vedanta

🎯 Tata Motors (Q3, YoY) :

Revenue fell 6.8 % to Rs 71,676 crore.

Net profit at Rs 1,738.30 crore versus net loss at Rs 26,993 crore.

JLR 

Revenue rose 2.8 % at 6,400 million pounds.

Margin stood at 10.8 % versus 7.3 %.

Net profit at 372 million pounds.

🎯 Bharti Infratel (Q3, QoQ) :

Revenue rose 1 % to Rs 3,673 crore.

Net Profit fell 17.1 % to Rs 799 crore.

🎯 Marico (Q3, YoY) :

Revenue fell 2 % to Rs 1,824 crore. 

Net profit rose 10 % to Rs 276 crore.

🎯 Bharat Electronics (Q3, YoY) :

Revenue fell 16.8 % to Rs 2,278.1 crore.

Net profit fell 56.8 % to Rs 222.7 crore.

🎯 Persistent Systems (Q3, QoQ) :

$ Revenue rose 3.1 % to $129.43 million.

Revenue rose 4.3 % to Rs 922.7 crore.

Net profit rose 2.2 % to Rs 87.9 crore.

🎯 REC, PFC : 

The proposed merger of REC with Power Finance Corporation hit a roadblock and is not likely to happen in near future as it would violate RBI norms on the exposure of non-banking financial companies.

🎯 Nocil : 

Board approved the merger of promoter entities Suremi and Sushripada into the company. Both these entities hold 17.95 percent stake in the company.

🎯 PNC Infratech :

Company said that its bid for EPC contract in Haryana worth Rs 639 crore stands cancelled.

Negative for the stock. 

30th January, 2020 Morning Brief

A weak start can be witnessed today while opening.

Asian stocks traded mixed Thursday as investors mulled the ongoing impact of the coronavirus spread amid dovish commentary from the Federal Reserve and a slew of earnings.

U.S. stocks struggled near record highs on speculation that a recent rally outpaced the risks to global economic growth.

🎯 News & Impact 🎯

Major Results Today :

Bajaj Auto, Bharti Infra tel, Indian Oil Corporation, Tata Motors

🎯 Bajaj Finserv (Q3, YoY) :

Revenue rose 31% to Rs 14,561 crore.

Net income rose 32 % to Rs 1,126 crore.

🎯 Tata Power (Q3, YoY) :

Revenue fell 11.4 % to Rs 7,071 crore. 

Net profit rose 26.1 % to Rs 178.9 crore.

🎯 Pidilite Industries (Q3, YoY) :

Revenue rose 4.3 % to Rs 1,926.6 crore.

Net profit rose 55.7 % to Rs 341.8 crore.

🎯 HDFC Bank : 

Reserve Bank of India imposed Rs 1 crore penalty on the Bank for due diligence failure in case of 39 current accounts opened for bidding in Initial Public Offering.

🎯 Ashoka Buildcon : 

Subsidiary executed a concession agreement with NHAI for a project worth Rs 1,382 cr.

🎯 Hindustan Aeronautics : 

Government to sell rose to 15 % stake in the company via offer for sale.

🎯 Meghamani Organics :

Company will restructure its business by the demerger of its agro-chemical and pigment business into a wholly-owned arm Meghmani Organochem.

🎯 MOIL :

Company received environmental clearance for enhancement of production capacity from 90,000 TPA to 203,200 TPA for its manganese ore mine at Maharashtra.

🎯 Greenlam Industries :

Company’s arm Greenlam South’s board approved setting rose of the manufacturing facility at Nellore in Andhra Pradesh for manufacturing of laminates and allied products with an investment outlay of Rs 175 crore.

🎯 Pidilite Industries :

Company will acquire Nitin Enterprises for Rs 18.5 crore, as a part of a restructuring exercise.

🎯 ICICI Lombard General Insurance : IRDAI imposed a penalty of Rs 1 crore on the company with respect to onsite inspection of the company which was carried out in August 2015.

🎯 JSW Steel : 

Company's Netherlands arm has completed the sale of its 39 % stake in Geo Steel to its joint venture Partner Georgian Steel Group Holdings.

🎯 Himadri Speciality Chemical :

Company said that commercial operations of the proposed expansion of 60,000 MTPA plant for manufacturing carbon black at W Estimate Bengal have commenced. The overall capacity of carbon black has increased to 180,000 MTPA.

🎯 BL Kashyap :

Company received the letter of intent for civil construction in Noida for Rs 487.9 crore from Bhutani Infra.

🎯 Himadri Speciality :

Company commences commercial operations of the proposed expansion of 60000 MTPA.

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Edited by Sharp. 

29th January, 2020 Morning Brief

Market will start on a positive note today after a recovery in the last hour yesterday.

Asian stocks saw mixed trading Wednesday after a rebound on Wall Street, with investors continuing to mull the economic dangers from the spreading coronavirus.

U.S. stocks climbed the most since October on speculation that efforts to contain the coronavirus will prevent a major economic fallout.

🎯 News & Impact 🎯 

Major Results Today :                              Bajaj Finance, Bajaj Finserv

🎯 Tata Coffee (Q3, YoY) :                Revenue rose 7.7 % to Rs 501.4 crore.    Net profit rose 2.2 times to Rs 24.9 crore. Positive for the stock. 👍

🎯 Infosys :                                      Company completed the divestment of its shares in Unsilo A/S for a total consideration of approximately USD 0.8 million. 

🎯 Tata Coffee / Tata Chemicals :      Board approved the sale of up to 1.6 lakh shares (0.06 percent) held by the company in Tata Chemicals, through the secondary market.

🎯 Cochin Shipyard :      Company launched a 1,200-person cum 1,000-tonne cargo vessel.

🎯 HFCL :                                  Company will acquire 47.9 % stake in Bigcat Wireless for Rs 22.5 crore.

🎯 KPI Global Infra :                        Company received an order for executing solar power project of 950 kilowatt from Sailaxmi Tex.

🎯 Zensar :                                       Company' s Smart Application Development and Maintenance services incorporate Artificial Intelligence.

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Edited by Sharp. 

27th January, 2020 Morning Brief

Market will open on a lower side today as a viral signal from global markets. 

The S&P 500 Index posted its biggest drop since October amid reports that U.S. officials had confirmed two more cases of the illness, which originated in China and has also spread to several countries in Asia and to Europe.

Major Results Today :7

DrReddy, HDFC

🎯 ICICI Bank (Q3, YoY) :

Net interest income rose 24 % to Rs 8,546 crore.

Profit after tax up 1.5 times to Rs4,146 crore.

Positive for the stock. 👍 

🎯 Bank of Baroda (Q3,QoQ) :

Net Interest Income up 1.4 % at Rs 7,129 crore.

Net loss at Rs 1,407 crore versus net profit at Rs 736.7 crore.

Negative for the stock. 

🎯 APL Apollo Tubes (Q3, YoY) :

Revenue rose 25 % to Rs 2,115.8 crore.

Ebitda rose 170 % to Rs161 crore.

🎯 Prestige Estates Projects (Q3, YoY) :

Revenue rose 2.5 times to Rs 2,680.9 crore.

Net profit up 2.8 times to Rs 161.8 crore.

Positive for the stock. 👍

🎯 Cipla :

Company received 4 observations by U.S. FDA, which conducted inspection at company’s Bangalore’s API manufacturing facilities from Jan. 20-24.

🎯 Siemens :

Company entered into definitive agreement to acquire 99.22 % stake in C&S Electric for Rs 2120 crore. The acquisition is expected to be completed by December 2020.

🎯 Spice Jet :

Boeing looking at setting up a flight simulator for its grounded 737 Max jet in India to help hasten its return, says SpiceJet.

🎯 Bharat Road Network :

Company said it has received provisional completion certificate for completion of a high project in Maharashtra.

🎯 VST Tillers Tractors :

Company entered into an understanding with Czech Republic’s Zetor Tractors for exploring joint product development of tractors.

🎯 NHPC :

Company declared successful applicant by creditors of Jalpower Corporation.

🎯 Sunteck Realty :

Company entered into an agreement for joint development of properties with 4 entities.

🎯 Cholamandalam Investment & Finance : 

Invesco reduced stake from 6.96 % to 4.64 % in the company.

🎯 Indiabulls Housing Finance : 

Credit Suisse acquired 22.36 lakh shares  at Rs 323.25 each.

🎯 PSP Projects : 

Company bags orders worth Rs 358 crore.

🎯 TVS Motor :

Company forays into electric mobility with connected and advanced technology scooter 'TVS iQube Electric'.

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Edited by Sharp. 

24th January, 2020 Morning Brief

Market will open on a flat note today after a recovery on yesterday.

Asian stocks edged higher as investors mulled updates on the deadly coronavirus outbreak.

U.S. stocks eked out a small advance, dodging the losses that took hold in Europe and Asia, as investors evaluated the risk that a deadly respiratory virus spreading from China could curb global growth.

🎯 News & Impact 🎯 

Major Results Today :

JSW Steel, UltraTech Cement

🎯 HDFC Life Insurance (Q3, YoY) :

Gross premium rose 14.9 % to Rs 8,001 crore.

PAT rose 2 % to Rs 250 crore.

🎯 Biocon (Q3, YoY) :

Revenue rose 13.5 % to Rs 1,748.1 crore.

Net profit fell 6.6 % to Rs 202.8 crore.

🎯 Cholamandalam Investment & Finance (Q3, YoY) :

Net Interest Income rose 21.3 % to Rs 925.3 crore.

Net profit rose 27.6 % to Rs 388.5 crore.

🎯 Olectra Green tech :

Company's arm Evey received letters of award for the deployment of 555 electric buses from 8 city/state transport authorities. The contract period is for 10-12 years.

🎯 PNB Housing Finance :

Company said that Punjab National Bank will maintain a minimum shareholding in PNB Housing Finance at 26 percent and will continue to be the promoter of the company.

🎯 Nippon Life AMC : 

The company has sought SEBI's nod for the seventh tranche of CPSE ETF. The company's Q3 PAT jumped 36 percent.

🎯 HFCL :

Company said that its greenfield optical fibre manufacturing facility at Hyderabad has been commissioned and commenced its operations with effect from Jan. 23.

🎯 Info-Edge :

Company has set up an AIF to invest in tech- and tech-enabled entities. The company will invest Rs 100 crore in the fund.

🎯 Coffee Day Enterprises :

Company entered into definitive agreement to sell its share broking arm Way2Wealth Securities and its arms to Shriram Capital’s group company.

🎯 Godrej Properties :

Company launches Godrej RKS at RK Studios, Chembur, Mumbai. 

🎯 KPI Global :

Company bags an order for executing solar power project of 2.250MW capacity under CPP category. 

🎯 Indian Oil Corporation :

Company clarified that the company has entered into an MoU with National Petroleum Authority (NPA), Ghana. 

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Edited by Sharp. 

23rd January, 2020 Morning Brief

Market will open on a flat note today after three day's slide.

Asian stocks resumed declines and U.S. equity futures edged lower amid ongoing efforts to control the widening coronavirus outbreak.

The S&P 500 Index ended the day up less than 0.1 %, lifted by gains in technology shares and positive earnings reports but was held back by the concern of China's outbreak.

🎯 News & Impact 🎯

🎯 L&T (Q3, YoY) :

Revenue rose 6 % to Rs 36,243 crore. 

Net profit rose 15 % to Rs 2,352 crore.

🎯 Axis Bank (Q3, YoY) :

Net Interest Income rose 15 % to Rs 6,453 crore.

Net profit rose 5 % to Rs 1,757 crore.

🎯 Raymond (Q3, YoY) :

Revenue rose 12.5 % to Rs 1,885.4 crore.

Net profit rose 5.2 times to Rs 195.3 crore.

Positive for the stock. 👍 

🎯 Ujjivan Small Finance Bank (Q3, YoY) :

Net Interest Income rose 52.1 % to Rs 426.5 crore.

Net profit rose 98 % to Rs 89.7 crore.

Positive for the stock. 👍 

🎯 Adani Group Stocks : 

Adani Group plans to expand its renewable power capacity to 18 gigawatts by 2025 from over 2.5 GW now. 

🎯 Cipla :

Company gets USFDA observations for its Goa facility. 

🎯 Biocon :

Company gets USFDA nod for Diabetes drug Dapagliflozin. 

🎯 Tata Motors : 

Jaguar Land Rover cut 500 jobs or about 10 percent of the workforce at its Halewood Plant in England.

🎯 Asian Paints : 

Board approved the merger of its wholly-owned arm Reno Chemicals Pharma & Cosmetics with the company.

🎯 IL&FS Transportation Networks :unit entered into an agreement with MoRTH and project lenders for foreclosure of Beawar-Gomti Road Concession Agreement. 

🎯 CreditAccess Grameen : 

Company revised its exchange ratio to 157 shares of the company for every 100 shares of Madura Micro Finance.

🎯 Indian Oil Corporation :

Company will boost use of Ennore LNG Terminal from Mid-2021.

🎯 MRF :

Company partially commissioned Phase 1 of its greenfield unit in Gujarat.

🎯 Ashiana Housing :

Company said that it has obtained Real Estate (Regulation and Development) Act registration for its project in Jaipur.

🎯 Future Retail :

Company promoter Future Corporate Resources revoked pledge of 11.5 lakh shares on Jan. 21.

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Edited by Sharp. 

22nd January, 2020 Morning Brief

Market will open on a positive note today after a slide for yesterday.

Asian stocks began Wednesday mixed as investors mull reports that China’s coronavirus had migrated to the U.S. mainland.

U.S. equities fell on reports that a deadly respiratory illness that originated in China had migrated to the U.S., spurring concern about the potential economic impact.

🎯 News & Impact 🎯

Major Results Today :

Larsen & Toubro,  Asian Paints, Axis Bank

🎯 Zee Entertainment Enterprises (Q3, YoY) :

Revenue fell 5.5 % to Rs 2,049 crore. 

Ebitda fell 34 % to Rs 526 crore. 

Net profit fell 38 % to Rs 349 crore.

🎯 HDFC AMC (Q3, YoY) :

Revenue rose 10 % to Rs 524.7 crore.

Net profit rose 44.9 % to Rs 352.6 crore.

Positive for the stock. 👍 

🎯 Polycab (Q3, YoY) :

Revenue rose 23.8 % to Rs 2,507.3 crore.

Net profit rose 13.2 % to Rs 218.8 crore.

🎯 IndiaMART InterMESH (Q3, YoY) :

Revenue rose 23.4 % to Rs 164.9 crore.

Net profit rose 2.2 times to Rs 62 crore.

Positive for the stock. 👍

🎯 Hatsun Agro : Q3 

Company's consolidated profit surges 50 percent to Rs 28 crore, revenue increases 16.1 percent to Rs 1,340.2 crore YoY.

🎯 Bharti Airtel :

Company received approval from the Department of Telecommunications for increasing the limit of foreign investment up to 100 % of the paid-up capital of the company.

🎯 Glenmark Pharma :

Company will sell its Gynaecology business in India and Nepal to True North Fund’s unit Integrace for a deal valued at Rs 115 crore.

🎯 Dredging Corporation of India : 

LIC reduced stake from 6.97 % to 4.91 % in the company.

🎯 Biocon :

Company received the subscription money aggregating to Rs 536.25 crore from Activ Pine LLP (an affiliate of True North Fund VI LLP). 

🎯 Usha Martin : 

Adjudicating Authority issued an order confirming the provisional order for provisional attachment of certain immovable properties of the company valued at Rs 190 crore.

🎯 Themis Medicare :

Company said that the company has received orders for supply of Feracrylum Gel, which has been mandated by the Government in first aid kit for all types of vehicles.

🎯 Mayur Uniquoters :

Company said that its PU plant in Madhya Pradesh has commenced operations from Jan. 21.

🎯 OnMobile Global :

Company dissolved its U.K. arm with effect from Jan. 2.

🎯 ZF Steering Gear India : 

Pithampur plant started commercial production.

🎯 HCL Tech :

Company launches a dedicated microsoft business unit.

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Edited by Sharp. 

21st January, 2020 Morning Brief

Market will open on a negative note after yesterday's slide.

Asian stocks drifted Tuesday in trading muted by yesterday’s U.S. holiday. Crude oil pared gains related to supply disruptions in Libya and Iraq.

European stocks edged lower on Monday as investors awaited a fresh batch of corporate earnings and some key central bank meetings this week. Activity was muted across most major markets because of a U.S. holiday.

🎯 News & Impact 🎯 

Major Results Today :

Zeel

🎯 Kotakbank :

A 24 % year-on-year (YoY) rise in standalone net profit at Rs 1,596 crore for the December quarter. 

The profit for the private lender stood at 1,291 crore in the same quarter last year.

Net Interest Income (NII) for the quarter rose 17 % to Rs 3,430 crore from Rs 2,926 crore in the same quarter last year.

Net interest margin (NIM) for the quarter expanded to 4.69 % from 4.31 % YoY.

🎯 Can Fin Homes (Q3, YoY) :

Net interest income rose 23.6 % to Rs 168.1 crore.

Net profit rose 40.6 % to Rs 106.6 crore.

Positive for the stock. 👍 

🎯 Bank of Maharashtra : 

The bank reported a net profit of Rs 135 crore in the quarter ended December against a net loss of Rs 3,764 crore in the year-ago period. 

On a quarter-on-quarter basis, the lender had reported a net profit of Rs 115 crore.

Positive for the stock. 👍 

🎯 Telecom Stocks : 

Telecom companies move to Supreme Court seeking permission to negotiate with the Department of Telecommunications on schedule for payment of Adjusted Gross Revenue dues.

🎯 NBCC : 

Company will provide consultancy for a project worth Rs 720 cr to Central Coalfield.

🎯 Bharti Airtel : 

Bharti Airtel and Google Cloud announced a partnership to serve small and medium businesses with digital solutions.

🎯 HG Infra Engineering :

Company received appointment date from National Highways Authority of India for its hybrid annuity mode project in Haryana. The company’s bid cost for the aforesaid project stood at Rs 580 crore.

🎯 NMDC : 

The company announced a hike of up to Rs 400 per tonne in the prices of lump ore and fines, marking the second increase in rates within a month.

🎯 NBCC :

Company received a letter of Acceptance from Central Coalfield for project management services worth Rs 720.32 crore in Jharkhand.

🎯 MOIL : 

Government holding in the company fell from 56.01 percent to 53.84 percent, due to equity shares tendered in the buyback offer on Jan. 16.

🎯 Kohinoor Foods :

Company default on loans from financial institutions and banks stand at Rs 668.63 crore as on Dec. 31.

🎯 

Source : bloomberg moneycontrol 

20th January, 2020 Morning Brief

Market will open with a gap up today to start the week.

Stocks in Asia saw a modest rise at the open Monday, building on seven straight weeks of gains.

The benchmark S&P 500 Index, along with the tech-heavy Nasdaq Composite, set record highs for an eighth consecutive trading session on Friday.

🎯 News & Impact 🎯

Major Results Today :

Kotak Mahindra Bank

🎯 Reliance Industries (Q3, QoQ) :

Revenue down 1 % to Rs 86,289 crore. 

Net profit down 1.2 % to Rs 9585 crore.

Reliance Jio 

Revenue up 6.4 % to Rs 13,968 crore. 

Net profit up 36.4 % to Rs 1,350 crore. 

Saudi Aramco deal not expected to be closed by March 31.

🎯 HDFC Bank (Q3, YoY) :

Net interest income up 12.7 % to Rs 14,172.9 crore. 

Net profit up 32.8 % to Rs 7,416.48 crore. 

Gross NPAs at 1.42 % versus 1.38 % (QoQ). 

Net NPAs at 0.48 % versus 0.42 percent (QoQ). 

Provisions up 12.7 % to Rs 3,043.56 crore (QoQ). 

Positive for the stock. 👍 

🎯 TCS :

Dollar revenue up 1.3 percent to $5,586 million. 

Revenue up 2.3 percent to Rs 39,854 crore. 

Net profit up 0.9 percent to Rs 8,118 crore.

🎯 HCL Tech (Q3, QoQ) :

$ Revenue up 2.3 % to $2,543 million. 

Revenue up 3.5 % to Rs 18,135 crore.

🎯 ICICI Lombard General Insurance (Q3, YoY) :

Gross written premium flat to Rs 3,769.46 crore.

Net earned premium from the motor up 23 % to Rs 1,583 crore. 

Net earned premium from health up 17 % to Rs 599 crore. 

Net profit up 23 % to Rs 294 crore.

🎯 Indusind Bank : 

Bank registered a 32 % growth in Q3FY20 profit and 34.3 % growth in net interest income compared to the same quarter last year. 

Asset quality was also stable with gross non-performing assets (NPA) in Q3 falling 1bps to 2.18 % and net NPA declining 7bps to 1.05 % QoQ.

🎯 Mahindra & Mahindra :

Company’s arm has signed an agreement to acquire a 100 % stake in Fifth Gear Ventures for Rs 30.45 crore. The company is in the business of operating an e-commerce platform.

🎯 Indian Oil :

Company has signed an agreement with Cummins Technologies for bulk dispensing of the company’s diesel exhaust fluid in their advanced engines with selective catalytic reduction systems.

🎯 Power Grid Corporation :

Company’s arm has commissioned its Tamil Nadu unit.

🎯 Mercator :

Company sold its offloading ship for Rs 49.54 crore.

🎯 Lupin :

Company says U.S. FDA has completed inspection of its’s Vizag API facility with five 483 observations. 

🎯 Chalet Hotels :

Company signed a share purchase agreement for the purchase of Belaire Hotels Private Ltd., owner of Novotel Pune Nagar Road Hotel and its affiliated entity Seapearl Hotels Private Ltd. For aggregate enterprise value of about Rs.290 crore.

🎯 Godawari Power :

Company says Chhattisgarh Environment Conservation Board has granted its consent to the Company, to operate the Rolling Mill with a capacity of 4,00,000 tonnes per annum and iron ore beneficiation plant with capacity of 10,00,000 tonne per annum. The company expects to start commercial operations in these facilities during the current quarter.

🎯 Reliance Capital :

Company says Axis Trustee Services Ltd has invoked 2.18 % stake pledged with it, balance stake left with Axis Trustee is 16.51 %

🎯 Reliance Home Finance :

Company says Axis Trustee Services Ltd has invoked 2.37 % stake pledged with it, balance stake left with Axis Trustee is 7.57 %. 

🎯 PNC Infra : 

The company bagged order worth Rs 639 crore from NHAI.

🎯 GMR Infra : 

GMR Airports won a contract for duty-free shops at Kannur international airport in Kerala.

🎯 SMS Pharma :

USFDA conducted a cGMP inspection at our Kandivalasa, Vizianagaram, Andhra Pradesh API manufacturing facility from January 13 to 17, 2020.

🎯 Prestige Estate :

Company's subsidiary has invested in Lokhandwala DB Realty LLP (LLP) by way of capital account contribution and admitted as partner of the LLP with 50% economic and voting rights.

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Edited by Sharp. 

17th January, 2020 Morning Brief

Market will open on a negative note today after a flat closing.

Asian stocks climbed and the global record-setting rally showed little sign of letting up amid signs of strong American consumer demand.

All three main U.S. stock benchmarks surged to all-time highs after setting multiple records earlier this week, with technology and financial shares leading the surge.

🎯 News & Impact 🎯

Major Results Today :

Reliance Industries, HCL Tech, TCS

🎯 Telecom stocks :

The Supreme Court dismissed petitions of telecom operators seeking review of the definition of ‘adjusted gross revenue’ that makes them liable to pay thousands of crores in pending dues.

🎯 Zee Group Stocks : 

The Securities and Exchange Board of India imposed a fine totalling Rs 9 lakh on Zee Media Corporation and its promoter entity 25FPS Media for shareholding disclosure lapses.

🎯 Wipro :

Company has announced a $150 million fund to invest in early to mid-stage companies.

🎯 Music Broadcast :

Company will consider bonus issue on Jan. 27.

🎯 Metropolis Healthcare :

Company acquired 51 % stake in Shraddha Diagnostic Centre in Gujarat for Rs 9.36 crore.

🎯 Hil : 

Board approved the sale of company’s calcium silicate insulation products division operated under the brand "HYSIL" to Calderys India Refractories through a slump sale for Rs 80 crore.

🎯 Adani Enterprises : 

CBI booked Adani Enterprises, 2 ex-NCCF officials for alleged irregularities in the coal supply contract.

🎯 GMR Infrastructure : 

The Supreme Court of India lift suspension of the environment clearance on GMR Goa International Airport.

🎯 CG Power :

Businesses of the company''s subsidiaries in Belgium have been severely affected due to paucity of funds and certain bank accounts have been blocked.

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Edited by Sharp. 

16th January, 2020 Morning Brief

Market will open on a flat note today after a lacklustre session of yesterday. 

Stocks in Asia saw a muted start to Thursday trading as investors parsed details of the U.S.-China phase one trade deal.

The benchmark S&P 500 finished short of an earlier all time intraday high after President Donald Trump presided over a signing ceremony with Chinese officials. The Nasdaq Composite and Dow Jones Industrial Average indexes also set fresh highs.

U.S. markets received an added boost earlier after White House economic adviser Larry Kudlow promoted more tax cuts. 

The country's exports contracted for the fifth month in a row by 1.8 per cent in December 2019 to $27.36 billion, according to data released by the commerce ministry on January 15.

Imports too declined by 8.83 per cent $38.61 billion, bringing down the trade deficit to $11.25 billion during the month under review.

The trade deficit during December 2018 was $14.49 billion.

🎯 News & Impact 🎯 

🎯 Telecom stocks :

Supreme Court to consider the review of its order asking telecom companies to pay up $13 billion worth of past dues.

🎯 DFM Foods :

Company said that its promoters and other shareholders have executed the transfer of their shareholding to AI Global Investments. In a separate filing, the company said that AI Global Investments (Cypus) PCC stake has increased to 73.94 percent from 4.63 percent between Jan. 13-15.

🎯 Mangalam Cement : 

Waste Heat Recovery (WHR) plant consisting of capacity of 5.15 MW out of total capacity of 11 MW has been commissioned. 

🎯 Jet Airways : 

South American conglomerate Synergy Group and New Delhi-based Prudent Asset Reconstruction Company submitted an expression of interest for the company.

Positive for the stock. 👍 

🎯 InterGlobe Aviation : 

Qatar Airways chief executive officer said the company will buy as much stake of the company, as possible.

🎯 ICICI Bank :

Company said that post the proposed capital raise by Kisan Finance, ICICI Bank’s shareholding in Kisan Finance will reduce to 7.4 % from 9.9 %.

🎯 PI Industries :

Company received certifications from the British Standards Institute for implementation of information security for its plants.

🎯 MSTC / Engineers India : 

Engineers India appointed the company as a selling agent for disposal of items and all surplus scrap through the company’s auction website.

🎯 Yes Bank / Sical Logistics : 

Yes Bank acquired 10.25% stake in Sical Logistics by way of invocation of pledge.

🎯 Steel Strips Wheels :

Company promoter Sunena Garg acquired 7,000 shares from Jan. 13-14.

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Edited by Sharp. 

15th January, 2020 Morning Brief

Market will open on a flat note today. 

U.S. stock futures declined and Japanese shares opened lower after  the Trump administration is drafting rules that would allow blocking more sales to Huawei, a sign that tensions between the two powers remain high despite the upcoming trade deal due to be signed later Wednesday.

U.S. stocks retreated from all-time highs after a report mentioning that tariffs on billions of dollars of Chinese goods will likely stay in place until after the presidential election.

Major Results Today :

🎯 News & Impact 🎯 

Results Updates :

🎯 Wipro (Q3, QoQ) :

IT services revenue rose 2.2 % at $2,095 million.

Revenue rose 2.3 % to Rs 15,470.5 crore.

Net profit fell 3.8 % to Rs 2,455.9 crore.

🎯 Mindtree (Q3, QoQ) :

$ Revenue rose 1.5 % to $275.2 million.

Revenue increased 2.7 % to Rs 1,965.3 crore. 

Net profit rose 45.9 % to Rs 197 crore.

🎯 Ajanta Pharma :

Company gets USFDA nod for Valganciclovir Hydrochloride. 

🎯 Alembic Pharma gets USFDA nod for Muscle Relaxant Drug Tizanidine Hydrochloride. 

🎯 Can Fin Homes :

Canara Bank called off the divestment process of its entire stake in Can Fin Homes, which was under the progress. The bank has 30 percent stake in Can Fin Homes.

🎯 CSB Bank :

Company said that the regulatory restrictions imposed by the Reserve Bank of India on the opening of new branches, in view of the delayed initial public offering of shares of the Bank, have been lifted, with effect from Jan. 10.

Positive for the stock. 👍 

🎯 R Power / Yesbank :

The Bank also acquired 30 % stake in Reliance Power’s wholly-owned arm Rosa Power Supply through invocation of a pledge of 12.73 crore shares.

🎯 Lemon Tree Hotels :

Company launched a 65-room hotel in Rishikesh.

🎯 Reliance Power :

promoters stake fell from 36.71 % to 32.79 % after an invocation of 11 crore shares (3.92 %) made by promoter Reliance Infrastructure on Jan. 13.

🎯 Godawari Power & Ispat : 

Tribunal dismissed a claim of Rs 94 crore made by Lauren Jyoti (EPC Contractor) against the company’s arm.

Positive for the stock. 👍

🎯 Pidilite Industries :

Company incorporated a joint venture to carry on the business of manufacturing, processing and distribution of technical mortars and other materials used in construction.

🎯 Persistent Systems :

Company and Gojoko extend partnership. 

🎯 DHFL : 

IndusInd Bank declared company exposure as 'fraud'.

🎯 Sun Pharma :

Company and Rockwell Medical enter into licensing agreement for Triferic in India. 

🎯 Majesco :

Company announces expanded capabilities Majesco Digital1 Insurance to accelerate insurers' digital transformation. 

🎯 Gayatri Projects :

Catalyst Trust released a pledge on 74.47 lakh shares on January 10

Defaulted on payment of Rs 27 lakh towards term loan to Sundaram Finance. 

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Edited by Sharp. 

13th January, 2020 Morning Brief

Market will open with a gap up today in continuation with prevailing rally. 

Asian stocks were mixed Monday after a decline in U.S. shares following Friday’s lacklustre employment report.

The S&P 500 dropped for the first time in three days on Friday after hiring data fell short of estimates and wage growth was the weakest in more than a year. 

Oil ended the first full week of 2020 with the steepest loss since July as geopolitical threats to some of the world’s most important supplies fizzled.

November IIP at 1.8 percent versus -3.8 percent, MoM

🎯 News & Impact 🎯

🎯 Infosys (Q3, QoQ) :

$ Revenue up 1 % to $3,243 million. 

Revenue up 2 % to Rs 23,092 crore. 

Net profit up 10.9 % to Rs 4,457 crore.

🎯 Avenue Supermarts (Q3, YoY) :

Revenue rose 24 percent Rs 6,815 crore.

Net profit rose 55 % to 384.01 crore.

Ebitda up 32 % Rs 602.84 crore.

🎯 Lupin : 

U.S. FDA completes inspection of Lupin’s Nagpur facility that was carried out between Jan.6-10, 2020. The inspection closed with two 483 observations.

🎯 Sun Pharma :

Company gets USFDA nod for Omega-3-acid Ethyl Esters. 

🎯 Infosys :

An independent investigation into whistleblower allegations of “unethical practices” at the company has found no evidence of financial impropriety or misconduct by its Chief Executive Officer Salil Parekh and Chief Financial Officer Nilanjan Roy.

Positive for the stock. 👍

🎯 ICICI Bank : 

Assets worth over Rs 78 crore of former Chairman Chanda Kochhar, including her Rs 3.5 crore flat in Mumbai, and her family have been attached by the Enforcement Directorate in connection with a money-laundering probe against them.

🎯 Tata Steel :

Company’s Netherlands arm has executed agreements for the refinancing of its bank debt and has raised term loan facilities of 1.75 billion euros from 19 banks.

🎯 Tata Chemicals / Tata Global Beverages : 

NCLT Mumbai has sanctioned the scheme of demerger of the firm’s consumer products business to Tata Global Beverages.

🎯 HUDCO :

Company said that one of its borrowing agencies with principal outstanding of Rs 726.35 crore has cleared its dues on Jan. 9 and now is out of NPA.

Positive for the stock. 👍 

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Edited by Sharp. 

10th January, 2020 Morning Brief

Market will start with jump in continuation with yesterday's rally.

Stocks in Asia opened modestly higher as investors monitor an easing of geopolitical tension and await the latest reading on the U.S. labour market.

U.S. stocks rose to fresh highs as investor appetite for risk returned after America and Iran stepped back from the brink of war. Oil headed for its first weekly loss since November. Gold dropped for a second day as the U.S. and Iran stepped back from a deeper military conflict, blunting the appeal of haven assets.

🎯 News & Impact 🎯

Major Results Today :

Infy

Results Updates :

🎯 GTPL Hathway (Q3, YoY) :

Revenue rose 2.1 times to Rs 674 crore.

Revenue (Ex EPC) rose 41 % to Rs 449.9 crore.

Net profit surged 77.4 % to Rs 33 crore.

Positive for the stock. 👍 

🎯 Housing Development Finance Corporation has completed the acquisition of controlling ie 50.8% stake in Apollo Munich Health Insurance for Rs 1,495.81 crore.

🎯 Lupin :

Company gets USFDA nod for Famotidine, used to decrease stomach acid production. 

🎯 Dr Reddy :

Company gets USFDA nod for Nicotine Polacrilex Lozenges (2-4 Mg). 

🎯 Sterlite Tech :

Company’s arm acquired 12.8 % stake in Israel’s ASOCS. The target company belongs to the industry of virtualized radio access network.

🎯 GMR Infra :

Company’s arm has formed a joint venture with Hong Kong’s ESR Cayman to develop a 66-acre logistics and industrial park at the Hyderabad airport city.

🎯 Delta Corp :

Company’s arm has received a license to operate a casino in Nepal.

🎯 KNR Constructions :

Company will sell Walayar toll unit to Cube Highways at an enterprise value of Rs 529.27 crore.

🎯 Goa Carbon :

Company said that operations of its Bilaspur unit have resumed.

🎯 TCS :

Company expanded partnership with Norway’s Vipps for digital solutions.

🎯 BSE :

Company has received a certificate of registration from IRDAI to commence insurance broking business.

🎯 Sadbhav Infrastructure Project : Reliance Mutual Fund A/C Nippon India Equity Hybrid Fund bought 1 crore shares of the company through a bulk deal on January 10 on BSE.

🎯 Reliance Infra :

Company gets in-principle nod from NHAI for sale of Delhi-Agra road to Cube Highways for Rs 3,600 Cr. 

🎯 Ashok Leyland :

Company partners ABB Power Products for electric bus development. 

🎯 Tata Motors :

Company to commence roll-out of BS-VI compliant products this month.

🎯 Jindal Stainless :

SBI, PNB, IDBI Bank, Allahabad Bank sell Jindal Stainless shares worth Rs 94 Cr.

Negative for the stock. 

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

9th January, 2020 Morning Brief

Market will open with a gap up after eased threat of war situation between Iran and US.

Asia stocks rallied, tracking gains in American equities, after the U.S. and Iran appeared to be stepping back from a deeper military conflict.

The S&P 500 Index earlier rose with Treasury yields as President Donald Trump’s measured remarks on Iran suggested tensions were easing.

Oil was steady near $60 a barrel, while gold held at $1,557.08 an ounce.

🎯 News & Impact 🎯 

🎯 SBI, Sunteck Realty : 

SBI launched residential builder finance loans with buyer guarantee. Bank has signed a memorandum of understanding with Sunteck Realty for financing three residential projects.

🎯 Alembic Pharma :

Company’s joint venture Aleor received zero observations by U.S. Food and Drug Administration for its formulation manufacturing facility in Gujarat.

🎯 Reliance : 

Jio launched voice and video calls through WiFi at no additional cost.

🎯 Sintex Industries :

Company defaulted on payment of debt interest aggregating to Rs 5.93 crore, which was due on Jan. 8.

🎯 Gati :

Over 87% Gati shareholders vote for sale to Allcargo. 

🎯 Tata Projects :

Company bags Rs 500 cr contract from Hines for housing project. 

🎯 HFCL :

Company will acquire 15 % stake in Nivetti for Rs 16 crore. Target company belongs to the networking and cyber security industry.

🎯 Ajanta Pharma :

Company promoter Ravi Agrawal revoked pledge of 11.3 lakh shares from Dec. 31-Jan. 3.

Positive for the stock. 👍 

🎯 Omaxe :

Company promoter Guild Builder revoked pledge of 3.46 lakh shares on Dec. 31.

Positive for the stock. 👍

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

8th January, 2020 Morning Brief

Market will open with a gap-down because of the escalating war issue between US and Iran as Iran attacked US air bases in Iraq by missile. 

U.S. stock futures slumped along with Asian equities and oil prices surged after Iran started an attack on military facilities in Iraq hosting American troops, escalating tensions in the Middle East.

The S&P 500 dropped for the second time in three sessions. Oil surged above $70 a barrel after Iran fired rockets at a joint U.S.-Iraqi airbase. Gold held near the highest level in more than six years.

Trade unions in the country, including bank and factory employees, on strike, to protest the government’s policies. 

🎯 News & Impact 🎯 

🎯 Tata Steel :

Company said that its arm TS Alloys has received a letter of intent for grant of mining lease for 50 years for Saruabil Chromite mining block, from the Odisha Government. 

🎯 Cadila Healthcare : 

Amgen won ruling to revive Sensipar patent against Amneal.

🎯 Navin Fluorine :

Company commenced production of company’s Current Good Manufacturing Practice capacity addition at Madhya Pradesh.

🎯 NBCC :

Company secured business of Rs 1,090.53 crore in December.

🎯 HT Media :

Company’s arm HT Learning Centers to restructure its ‘Studymate’ and ‘Englishmate’ businesses.

🎯 Thomas Cook :

Company signed long term strategic agreement with Abu Dhabi’s trade and promotion arm. 

🎯 Coal India :

Company output to be affected due to a strike on Jan. 8.

🎯 Bajaj Electricals : 

NCLT approved the scheme arrangement between Hind Lamps and the company.

7th January, 2020 Morning Brief

Market will open with a knee-jerk gap up after drastic fall witnessed yesterday.

Asian stocks rebounded as the risk-off mood sparked by geopolitical tensions in the Middle East ebbed.

U.S. stocks advanced as heavyweight technology companies led a rebound.

🎯 News & Impact 🎯

🎯 ITI (Q3, YoY) :

Revenue rose 47 percent to Rs 828 crore. Net profit was up 12.4 time to Rs 168.3 crore.

Positive for the stock. 👍 

🎯 Mishra Dhatu Nigam :

Company dispatched the first consignment for high strength steel and cobalt alloys to Indian Space Research Organisation.

🎯 Container Corporation of India :

Company has incorporated its wholly-owned arm CONCOR Last Mile Logistics, to develop goods sheds, operate and manage freight terminals/ goods sheds, develop warehouses etc.

🎯 TCI Finance :

Company defaulted in payment of principal and interest amounting to Rs 60 lakh of a term loan from HDFC.

🎯 Zenith Birla :

Company entered into a one-time settlement with Oriental Bank of Commerce against credit facilities by the company.

🎯 Astec Lifesciences :

Company promoter Godrej Agrovet acquired 15,000 shares on Dec. 31. 

🎯 Aarti Industries :

Company promoter Chandrakant Gogri sold 13,000 shares on Dec. 31.

6th January 2020, Morning Brief

Market will continue it's slide while opening today.

Stocks declined in the wake of escalating Middle East tensions as Asian financial markets return to full strength following New Year holidays.

U.S. stocks slumped as investors fretted that an escalation in Middle East tensions could dent global growth.

Japanese, Australian and South Korean equities fell, and U.S. futures slipped.

Oil’s wild ride continued as crude futures jumped for a second day, rising to just shy of $70 a barrel.

Gold surged to the highest in more than six years. 

🎯 News & Impact 🎯 

🎯 Adani Ports will buy a 75 % stake in the all-weather deep-water port in Andhra Pradesh at an enterprise value Rs 13,572 crore, according to its filing with stock exchanges.

🎯 Adani Transmission : 

Adani Electricity Mumbai, a wholly-owned subsidiary company of the company incorporated a new subsidiary company namely, Adani Electricity Mumbai Infra Ltd. on Jan. 3. AEMIL will be providing transmission, distribution and other infrastructure-related services. It is yet to commence the operations.

🎯 SBI :

Company plans to sell 1% stake in NSE; invites bids

🎯 Titan :

Company said it witnessed “reasonable growth in the festive season”, with retail sales picking up at the start of the three-month period owing to the wedding season—between November and January. It indicated a 11 % growth in jewellery sales in the period.

🎯 Sobha :

Company informed the exchanges that it sold nearly 10.66 lakh square feet of real estate in December quarter—a 17 % increase over the previous year—netting nearly Rs 726.1 crore in sales value.

🎯 Dixon Technologies :

Dixon Technologies will partner with Samsung for manufacturing of LED TVs.

🎯 Allahabad Bank :

Government infused Rs 2,153 crore capital.

🎯 Indian Overseas Bank :

Government infused Rs 4,360 crore capital.

🎯 MSTC : 

Agreement for E-commerce Services has been entered into by Security Printing & Minting Corporation of India with company. 

🎯 Texmaco Rail & Engineering : 

NCLT disposed of an application filed by Veekay General against the company’s arm, pursuant to a settlement.

🎯 Ashoka Buildcon :

Company executed a concession agreement with National Highways Authority of India for a four-laning project of National Highway-161 in Telangana.

🎯 NCC : 

Board approved the merger of two wholly-owned subsidiaries—Vaidehi Avenues Limited and Aster Rail Private Ltd. with the company.

🎯 PNB Gilts : 

Reliance Home Finance defaults on Rs 25 crore worth of non-convertible debentures held by the company.

🎯 KPI Global :

Company commissions additional 1.20 MW solar power project w.e.f. November 29 at Bharuch under captive power producer category. 

🎯 Jump Networks :

Company to launch its first ‘ JUMPNET public Wi-Fi service’ in Sindhudurg, Maharashtra starting Jan. 4.

🎯 IRB Infra :

Company received NOC from NHAI to transfer 9 BOT assets to IRB Infrastructure Trust and for GIC investment for 49 % stake in trust.

🎯 KRBL :

Company promoters acquired 45,000 shares on Dec. 31.

Positive for the stock. 👍 

🎯 Electrosteel Castings :

Company promoter GK Sons acquired 1.45 lakh shares on Dec. 31.

Positive for the stock. 👍 

🎯 Grasim Industries :

Company promoter Pilani Investment acquired 4.4 lakh shares on Dec. 31.

Positive for the stock. 👍 

🎯 Anant Raj Industries :

Company promoter Amar Sarin acquired 3.8 lakh shares from Dec. 30-31.

Positive for the stock. 👍 

🎯 Laurus Labs :

Company promoter Raju Kalidindi sold 1.67 lakh shares from Dec. 30-31.

Negative for the stock.

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

3rd January, 2020 Morning Brief

Market will open on a flat note today after yesterday's rally. 

Stocks in Asia were primed for gains on Friday after a strong start to the year lifted U.S. equities to fresh all-time highs.

The S&P 500 jumped 0.8 % to a record on the year’s first trading day, with megacaps Apple, Alphabet and Nike notching all-time highs. 

🎯 News & Impact 🎯 

🎯 Apollo Hospitals :

HDFC will acquire majority stake in Apollo Munich from the Apollo Hospitals Group for Rs 1,347 crore and will merge the company with its arm HDFC ERGO.

Positive for the stock. 👍

🎯 JSW Energy :

Company said the company entered into an agreement with Jaiprakash Power Ventures Ltd. to restructure the principal outstanding amount of Rs.751.77 crore, owed by JPVL to the company.

🎯 NMDC :

Company set lump order price at Rs 2,800 per tonne; Fines at Rs 2,560 per tonne.

🎯 ONGC :

Company won seven blocks offered under fourth auction round. 

🎯 Gail : 

The company said no amount is payable to Indian government under internet license.

🎯 Gujarat Narmada Valley Fertilizers & Chemicals : 

The Department of Telecommunications (DoT) has slapped a Rs 15,019 crore demand notice on Gujarat Narmada Valley Fertilizers & Chemicals Ltd taking the total amount it has sought from non-telecom companies to Rs 3.13 lakh crore following a Supreme Court ruling. 

Negative for the stock. 

🎯 Rites :

Company JV secured Rs 100 crore order from Government of Bangladesh.

🎯 MTNL :

Company has started the process to monetise assets worth Rs 23,000 crore as it aims to turn profitable in the next fiscal year. 

🎯 IIFL Securities : 

Billionaire investor Rakesh Jhunjhunwala's RARE Enterprises bought 27,84,879 shares of the company in a bulk deal on BSE.

🎯 Arrow Textiles, Delta Magnets : 

NCLT approved on December 27 the scheme of amalgamation of Arrow Textiles Limited and MMG India Private Limited with Delta Magnets.

🎯 Natco Pharma :

Company filed an application for a generic version of cancer drug Lonsurf. Lonsurf has recorded sales of $150 million in 2018 in U.S. as per IQVA.

🎯 Peninsula Land :

Company said a delay in government rent payout has affected loan repayment.

🎯 FDC :

Company received GMP certificate from U.K. Medicines and Healthcare Products Regulatory Agency for Goa unit.

🎯 Vipul Organics :

Company received Maharashtra Pollution Control Board approval to commence operations at its new plant in Tarapur.

🎯 Kirloskar Electric :

MoU with Shirdi Sai Electricals (SSEL) put on hold indefinitely. 

🎯 Aarti Industries :

Company promoters sold 25,200 shares on Dec. 31.

Negative for the stock. 

🎯 Filatex India :

Company promoters acquired 5.50 lakh shares on Dec. 31.

Positive for the stock. 👍 

🎯 Tourism Finance Corp of India :

Company promoter Redkite Capital Private Limited sold 24,91,000 shares on Dec. 31.

Negative for the stock. 

🎯 Swelect Energy Systems :

Company promoter R.Chellappan acquired 18,943 shares from Dec. 13 to Dec. 30.

Positive for the stock. 👍 

🎯 Action Construction Equipment :

Company promoter Vijay Agarwal acquired 23,562 shares from Dec. 27 to Dec. 31.

Positive for the stock. 👍 

🎯 Precision camshafts :

Company promoters acquired 20,000 shares on Dec. 30.

Positive for the stock. 👍 

🎯 S Chand & Co :

Company promoter Himanshu Gupta acquired 5,000 shares from Dec. 30 to Dec. 31.

Positive for the stock. 👍 

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

2nd January, 2020 Morning Brief

Market will open on a flat note today after yesterday's lacklustre session. 

Traders eyed a cautious start on Thursday in Asia as they assessed the latest policy move by China’s central bank and awaited data on the country’s manufacturing sector. U.S. equity futures nudged higher.

Most equity markets across the globe were shut on Jan. 1 for New Year.

Market will be volatile on the event of Markit India Manufacturing PMI for December to be released as well as

Automakers to report their monthly sales data for December.

🎯 News & Impact 🎯

🎯 India’s first exchange-traded corporate bond—Bharat Bond ETF—controlled by the government to start trading.

🎯 Gujarat Narmada Valley Fertilizers & Chemicals :

Company received a demand notice from Telecom Department directing the company to deposit 15,020 crore before Jan. 23 in connection with V-SAT and ISP Licenses held by the company.

🎯 Prakash Industries :

Company secured long term coal linkages of 1.69 lakh metric tonnes per annum for the next five years for its 6th Sponge Iron Kiln.

🎯 Asian Granito :

Company said that the Goods and Services Tax department conducted a search at the company’s registered office and plant offices on Dec. 31.

🎯 Sintex Industries: Punjab National Bank filed for initiating insolvency proceedings against the company for Rs 1,077.62 crore. 

Negative for the stock. 

🎯 Lemon Tree Hotels :

Company signed a license agreement for a 40 room Hotel in Dehradun.

🎯 Abans Enterprises completed the 100 percent acquisition in LifeSurge BioSciences.

🎯 Care Ratings : 

LT Mutual Fund increased stake from 4.8 % to 5.18 %.

Positive for the stock. 👍 

🎯 Bharat Gears :

Company promoters Ultra Consultants increased stake from 8.23 % to 15.16 % on Dec. 30.

Positive for the stock. 👍 

🎯 JK Tyres :

Company promoters sold 50,000 shares on Dec. 30.

Negative for the stock.