28th February, 2020 Morning Brief

Market will open with a gap-down because of viral effect of global panicking.

The global slide in equity markets showed no signs of easing Friday, with Hong Kong, Japan and Australia all losing more than 2 percent amid fears about the coronavirus. 

Global shares are on course for the worst week since the 2008 crisis, down more than 10 percent from this month’s peak. 

The S&P 500 tumbled 4.4 % to close at the lowest levels of the day. The decline of more than 10 percent since last Friday has the benchmark on pace for its worse week since the 2008 global financial crisis and helped push the index into what is known as a correction.

🎯 News & Impact 🎯

India to release GDP data for the quarter ended December, GDP estimate for FY20 and fiscal deficit for April-January.

🎯 Bank of Baroda :

Company sold its entire 4.9 % stake in Petronet MHB Ltd. for Rs 52.56 crore.

🎯 HPCL and ONGC :

Companies will acquire 17.3 % stake in Petronet MHB Ltd. for Rs 185.38 crore. After the acquisition, the companies will hold a 50 % stake in Petronet MHB Ltd.

🎯 Lemon Tree Hotels :

Company announced its debut in Bhutan, with the launch of Lemon Tree Hotel, Thimphu.

🎯 Pidilite Industries :

Company will acquire a 70 % stake in Tenax India Stone Products Pvt. Ltd. (Tenax India) for Rs 80 crore. Tenax Italy (parent) is the leading manufacturer of adhesives, coating, surface treatment chemicals and abrasives for the marble, granite and stone Industry.

🎯 Mahindra Lifespace Developers :

Company will acquire land parcel in Pune for development of a residential project.

🎯 Godrej Industries :

Company promoter Anamudi Real Estates LLP bought 1.2 lakh shares from Feb. 24 -25.

Positive for the stock. 

🎯 L.G.balakrishnan & bros :

Company promoter V.Rajvirdhan sold 20,000 shares on Feb. 26.

Negative for the stock. 

🎯 Zensar Technologies :

Company promoter Instant Holdings Limited bought 25,908 shares on Feb. 24.

Positive for the stock. 👍 

🎯 Ultramarine & Pigments :

Company promoter Sridhar Sundarrajan sold 5,473 shares on Feb. 26.

Negative for the stock. 

🎯 Som Distillieries & Breweries :

Company promoter Som Distilleries Private Limited bought 2000 shares on Feb. 26.

Positive for the stock. 👍 

🎯 ADF Foods :

Company promoters acquired 2,400 shares on Feb. 26.

Positive for the stock. 👍 

🎯 Aarti Drugs :

Company promoter Jay Manilal Savla (Momi's Trust) sold 500 shares on Feb. 24.

Negative for the stock. 

🎯 Bajaj Finserv :

Company promoter Kumud Bajaj bought 38,300 shares from Feb. 25 – 26.

Positive for the stock. 👍 

🎯 Astec Lifesciences Limited :

Company promoter Godrej Agrovet Limited bought 7424 shares from Feb. 20 – 24. 

Positive for the stock. 👍 

🎯 Just Dial :

Company promoter Anita Mani bought 50,000 shares on Feb. 25.

Positive for the stock. 👍 

Edited by Sharp. 

27th February, 2020 Morning Brief

Market will open on a flat note today after a volatile session witnessed yesterday.

Stocks in Asia retreated along with U.S. equity futures after U.S. health authorities said they found the first case of coronavirus that does not have ties to a known outbreak.

U.S. stocks fell for a fifth day, the longest losing streak since August, while Treasury 10-year note yields dropped to another record low as investors weathered a barrage of reports on the widening coronavirus outbreak.

🎯 GSK Consumer Healthcare and Hindustan Unilever :

The Chandigarh NCLT bench today approved the merger of GSK Consumer Healthcare and Hindustan Unilever. The effective date of the merger is likely to be communicated soon.

Positive for the stock. 👍 

🎯 Thomas Cook :

Company to buyback upto 2.60 crore equity shares at Rs 57.5 each.

Positive for the stock. 👍 

🎯 RITES : 

The Government proposed to sell 1.25 crore shares 5 % equity in the company via offer for sale with an option to sell an additional 5 % stake.

Positive for the stock. 👍

🎯 CONCOR : 

CONCOR and Joint Stock Company, Russian Railways Logistics have executed a Memorandum of Understanding for cooperation and collaboration in promoting intermodal transportatfon of cargo over the International North-South Transport Corridor (INSTC). 

🎯 Apollo Tyres :

Apollo Tyres on Wednesday said private equity firm Warburg Pincus will invest Rs 1,080 crore (around $150 million) in the company. 

🎯 India Cements :

Radhakishan Damani and his brother Gopikishan S Damani, bought 27,25,468 and 83,71,516 shares, respectively on Wednesday, NSE bulk deal data showed.

🎯 Ultramarine & Pigments :

Company promoter Sridhar Sundarrajan sold 10,104 shares on Feb 25. 

🎯 Steel Strips Wheels :

Company promoter Sunena Garg buys 4950 shares from Feb. 24 – 25. 

🎯 Aarti Industries :

Company promoters sold 56,061 shares from Feb. 19 – 25. 

🎯 Greenply Industries :

Company promoter Rajesh Mittal & Sons, HUF buys 25,000 shares on Feb. 24. 

🎯 Hindustan Tin Works :

Company promoter Parikshit Bhatia buys 24,284 shares from Feb. 20 – 24. 

🎯 Bajaj Finserv :

Company promoter Neelima Bajaj Swamy sold 23,500 shares on Feb. 25. 

🎯 S Chand & Co :

Company promoter Himanshu Gupta buys 5,000 shares from Feb. 24 – 25. 

🎯 Shalby Ltd :

Company promoter Kairav Kirit Shah buys 8,206 shares on Feb. 24.

26th February, 2020 Morning Brief

Market will open on a negative note after a consolidation session.

U.S. equity futures rose and Treasuries steadied after a surge that took yields to record lows, while Asian shares opened lower after another rout on Wall Street.

U.S. stocks tumbled to an almost 12-week low and bond yields plunged to records on rising concern the coronavirus will upend global supply chains critical to economic growth.

🎯 News & Impact 🎯 

🎯 Vodafone Idea lost 36,44,453 users in December. 

Negative for the stock. 

🎯 Bharti Airtel lost 11,050 users in December. 

Negative for the stock. 

🎯 Reliance :

Jio added 82,308 users in December. 

Positive for the stock. 

🎯 Sanofi :

Company to pay a final dividend of Rs 106 per share and a special dividend of Rs 243 per share.

Positive for the stock. 👍 

🎯 IRB Infra :

Company receives Letter of Acceptance from MSRDC for Mumbai-Pune Expressway and Old Mumbai Pune Highway Projects.

🎯 Bandhan Bank :

Company says RBI lifted the restriction on branch opening.

🎯 Godawari Power & Ispat :

Company starts Rolling Mill and Iron Ore Beneficiation Plant.

🎯 NRB Bearings :

ICICI Prudential Life Insurance sold 8.33 lakh shares of NRB Industrial Bearings on Feb 24.

🎯 Ultramarine & Pigments :

Company promoter Sridhar Sundarrajan sold 4,491 shares on Feb. 24. 

🎯 Som Distilleries & Breweries :

Company promoter Som Distilleries Private Limited acquired 2,000 shares on Feb. 24. 

🎯 ADF Foods :

Company promoters acquired 600 shares on Feb. 24. 

🎯 Ultratech Cement :

Company promoter Pilani Investment and Industries Corporation Limited sold 2.06 lakh shares on Feb. 20. 

🎯 Galaxy Surfactants :

Company promoter Sridhar Unnathan sold 360 shares on Feb. 20.

🎯 IRB Infrastructure : 

The company received the Mumbai-Pune Expressway project under the toll-operate-toll model.

🎯 Arrow Greentech : 

The company received closure intimation notice from Gujarat Pollution Control Board for the manufacturing unit in Ankleshwar.

🎯 Tata Chemicals : 

Promoter Tata Sons continued to increase its shareholding in Tata Chemicals. It acquired 16,21,075 shares of the company.

🎯 Bajaj Healthcare : 

Company has executed an agreement with Vetpharma to purchase its manufacturing facilities of bulk drug and API comprising of immovable properties and movable properties including plant and machinery.

🎯 KSB :

Company launched new product under water application pump category

Tourism Finance Corporation of India - IFCI has sold the stake in company and IFCI holding stands nil.

24th February, 2020 Morning Brief

Market will open with a gap-down today after a spread of coronavirus outside China spooked global markets.

U.S. equity futures sank with Asian shares and gold surged after the number of coronavirus cases outside of China increased and concern grew that global economic growth could take a more sustained hit with shares in Seoul and Sydney trade lower. 

Tech companies were particularly hard hit, setting the Nasdaq 100 down almost 2%. The S&P 500 Index posted its first weekly decline since January.

🎯 News & Impact 🎯

🎯 Ambuja Cement (Q4CY19, YoY) :

Revenue rose 9.5 % to Rs 3,135.9 crore. 

Net profit fell 15.4 % to Rs 454.9 crore. 

Ebitda rose 35.6 % to Rs 547.5 crore.

Positive for the stock. 👍 

🎯 Bharti Infratel :

Company receives FDI Approval from DOT for the merger of Indus Towers on 21st Feb. 2020. 

Positive for the stock. 👍 

🎯 Axis Bank, Max Financial Services :

Max Life Insurance sign confidentiality and exclusivity arrangement to explore the possibility of Axis Bank to enter into a long-term strategic partnership with Max Life.

🎯 Tobacco Companies :

According to media reports, Health Ministry is mulling to increase the legal age for tobacco consumption from 18 to 21 years as part of its efforts to strengthen the provisions of Cigarettes and Other Tobacco Products Act.  

🎯 GMR Infrastructure : 

French airports operator ADP, which operates Paris airports Roissy and Orly, has bought a 49 per cent stake in GMR Airports for 1.34 billion euros ($1.45 billion), ADP said on Thursday.  

🎯 PVR : 

Company opened 5 screens multiplex at Nilamber Triumph Mall, Vadodara.

🎯 Dr. Reddy :

Company’s gets EIR from the U.S. FDA for Duvvada formulations plant at Vizag, indicating closure of the audit. The facility has been classified at Voluntary Action Indicated.

🎯 AstraZeneca Pharma :

Company has launched QTERN tablets in India for the treatment of diabetes.

🎯 Aurobindo Pharma : 

U.S. FDA revokes voluntary action Initiated Status for Unit IV. It says Unit IV is still open and under review, U.S. FDA only had issued a ‘Voluntary Action Initiated’ status on Feb. 18.

🎯 Alkem Laboratories :

Company receives two observations under U.S. FDA inspection for its Baddi Facility. 

🎯 Biocon :

Company’s facility in Malaysia receives three observations under the U.S. FDA inspection.

🎯 GMR Infra : 

Aeroports de Paris agrees to buy a 49 percent stake in India’s GMR Airports for Rs 10,780 crore. The purchase to happen in two steps starting 24.99 percent in the coming days. The second step for 24.01 percent to require approvals from regulators includes RBI. 

🎯 Dilip Buildcon :

Company executed an EPC agreement with Airport Authority of India for the project “Construction of new greenfield airport at Hirasar, Rajkot, Gujarat”. 

🎯 M&M :

Mahindra renewables private limited, a step-down subsidiary of Mahindra and Mahindra to sell the entire stake in three of its wholly-owned subsidiary to CLP India Private Ltd.

🎯 Dixon Technologies :

Company promoter Sunil Vachani decreased his stake from 36.27 % to 34.67 % in the company on Feb. 20.

🎯 Electrosteel Castings :

Company promoter Murari Investment acquired 6.1 lakh shares from Feb. 18-19

Zensar Tech promoters acquired 2.7 lakh shares from Feb. 18-19. 

Positive for the stock. 👍 

🎯 Aarti Industries :

Company promoters sold 34,000 shares from Feb. 17-18. 

Negative for the stock. 

🎯 Sanghi Industries :

Company promoter Aditya Singhi and Alok Singhi acquired 13 lakh shares from Feb. 19-20. 

Positive for the stock. 👍 

🎯 Axis Bank :

Bank promoter General Insurance Corporation of India sold 2 lakh shares on Feb. 18. 

Negative for the stock. 

🎯 Sobha :

Company promoter Ravi Menon acquired 28,000 shares on Feb. 19. 

Positive for the stock. 👍 

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Edited by Sharp. 

20th February, 2020 Morning Brief

Market will open on a negative note today after a smart recovery witnessed yesterday.

Japanese stocks gained after a slide in the yen, while stocks elsewhere in Asia opened with more modest gains as investors scrutinized the infection rate for the coronavirus after another methodology change in China.

U.S. equities advanced on signs that China may be planning further measures to support its economy as it reels from a virus-induced slowdown and after Federal Reserve officials signalled they aren’t anxious to raise interest rates anytime soon.

🎯 News & Impact 🎯 

Dairy stocks : 

Government approved a Rs 4,558-crore scheme to promote the dairy sector which will benefit about 95 lakh farmers. 

🎯 GAIL :

Company clarified that it had received provisional assessment orders towards AGR dues worth Rs 1.83 lakh crore.

🎯 Reliance :

Company assessing U.S. sanctions implication on Rosneft unit and will comply with the U.S. rules in its dealings with Rosneft. The entire company’s purchase of Venezuela crude oil is reported to and permitted by the U.S. government.

🎯 NIIT :

Company to merge its two wholly-owned arms NIIT Institute of Process Excellence and NIIT Yuva Jyoti, with self.

🎯 Sterlite Technologies :

Company received orders worth Rs 1,500 crore in new order bookings from European Telecom players.

🎯 Infibeam Avenues :

Company to foray into digital payments business in the U.S.

🎯 Simplex :

Adani in talks with Simplex promoters for equity stake. 

🎯 SunTech Realty :

The company informed that it received encouraging response for Sunteck MaxXWorld at Naigaon as number of units sold reached a mark of more than 1800 apartments.

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Edited by Sharp. 

19th February, 2020 Morning Brief

Market will open with a gap-up continuing yesterday's last hour rally.

Stocks in Asia chalked up modest gains on Wednesday after the biggest daily decline in almost three weeks, with investors continuing to assess prospects for the coronavirus impact to prove short-lived.

Stocks slumped after Apple Inc.’s warning that sales will miss forecasts spooked investors who had hoped for a limited economic impact from the deadly coronavirus that originated in China.

🎯 News & Impact 🎯

Nifty50 inclusion : Shreecem 

Nifty50 exclusion : Yesbank

🎯 Reliance Industries in talks to sell a minority stake in its oil-to-chemical division to Saudi Aramco have been gathering pace in recent weeks.

🎯 HCL Technologies :

Company to launch Global Delivery Centre in Connecticut, USA with anchor client, Stanley Black & Decker.

🎯 Avenue Supermarts :

Company promoter sold 1.48 crore shares (2.28 percent) in pubic via OFS.

Negative for the stock. 

🎯 Infosys :

Company has partnered with GE Appliances for digital solutions.

🎯 Future Consumer :

Company promoters hold 46.29 % stake in the company, out of which 89.1 % is pledged.

🎯 Tata Consumer Products (Tata Global Beverages) :

Company sold 7.05 lakh shares (0.28 %) and Tata Chemicals sold 1.6 lakh shares (0.06 %) to promoter Tata Sons, respectively.

🎯 Som Distilleries :

Company promoters acquired 16,000 shares from Feb. 17-18. 

🎯 Axis Bank :

Company promoter General Insurance Corporation of India sold 1 lakh shares on Feb. 17

🎯 Divi’s Lab :

Company promoter Madhusudana Divi sold 20k shares on Feb. 17.

🎯 

18th February, 2020 Morning Brief

Market will open on a negative side today.

U.S. futures and stocks in Asia fell after Apple Inc. said quarterly sales would miss forecasts, illustrating the blow to corporate earnings and economic growth from the deadly coronavirus.

🎯 Huhtamaki PPL (Q4 CY, YoY) :  Revenue rose 9.8 % to Rs 673.2 crore.    Net profit rose 3.8 times to Rs 68.2 crore.

🎯 Reliance Industries :                        TV18 Broadcast, Hathway Cable & Datacom and Den Networks will be merged into Network18 Media & Investments according to an exchange filing.                                                              🎯 Vodafone Idea :                                   The company decided to pay to the Department of Telecom a portion of the dues calculated based on AGR aggregating to a sum of Rs 2,500 crores on Feb. 17 and a further Rs 1,000 crore before the end of the week. 

🎯 Tata Teleservices and Tata Teleservices (Maharashtra) Ltd. :  Company made a payment of Rs 2,197 crore to the Department of Telecom towards license fees and spectrum usage charges.

🎯 JSW Energy :                                Company has signed a share purchase agreement to acquire a 100 percent stake in GMR Kamalaganga Energy for an enterprise value of Rs 5,321 crore.

🎯 JSW Steel :                                  Company declared preferred bidder for three Odisha iron ore mines, whose combined iron ore resources stand at 1,092 million tonnes.

🎯 Finolex Industries :                    Company said that due to force majeure declared by company’s major vinyl chloride monomer supplier during March 2020, the operations of the company with respect to its VCM to polyvinyl chloride route will be affected for 30 to 35 days. This would result in a shortage of PVC production of approximately 15,000 MT.

🎯 KPI Global Infra :                        Company received a letter of intent for an order to execute a solar power project of 900 KW capacity from JPB Fibers.

🎯 KPI Global :                                Company bags order for executing solar power project of 900KW capacity from JPB Fibers, Surat.

🎯 Orissa Minerals :                          Belkundi Iron & Manganese Mine gets the nod for iron ore production and Manganese Ore enhancement in Odisha.

🎯 HCL Technologies :                      Fonterra Co-operative selects company for IT Infrastructure Transformation

🎯 Persistent Systems :                  Company promoter Rama-Purushottam Foundation sold 25,000 shares on Feb. 13-14. 

🎯 Godrej Agrovet :                        Company promoter Godrej Industries acquired 16.1 lakh shares on Feb. 14.

Positive for the stock. 👍 

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

17th February, 2020 Morning Brief

Market will open on a positive note today.

Japanese stocks led Asian equities lower on Monday after the country reported a much deeper economic contraction than expected before any hit from the coronavirus.

The benchmark for American equities jumped 1.6 % last week, ending at an all-time high. The S&P 500 Index advanced four out of five days, posting three records along the way.

🎯 ONGC (Q3, QoQ) :

Revenue down 3.2 % at Rs 23,710.1 crore. Net profit down 33.7 % at Rs 4,151.6 crore. 

🎯 SAIL (Q3, YoY) :

Revenue up 4.5 % at Rs 16,541.3 crore. 

Net loss at Rs 429.6 crore versus net profit of Rs 616.3 crore. 

🎯 Glenmark Pharmaceuticals (Q3, YoY) :

Revenue up 7.1 % at Rs 2,735.6 crore Net profit up 64.1 % at Rs 190.8 crore. 

🎯 Embassy Office Parks REIT (Q3, YoY) :

Revenue from operations up 14 % at Rs 545.9 crore Net operating income up 16 % at Rs 463.9 crore. 

🎯 Muthoot Finance (Q3, YoY) :

Net Interest Income up 43.8 % at Rs 1702.5 crore. 

Net profit up 63.7 % at Rs 841 crore. 

🎯 Dr. Reddy :

Company’s Laboratories received zero observation by U.S.FDA for its formulations plant in Andhra Pradesh. 

🎯 Lupin :

Company has launched Moxifloxacin Ophthalmic Solution. The drug is indicated for the treatment of bacterial conjunctivitis. 

🎯 MT Educare :

Company promoters to sell 7.71 % stake via offer for sale.

🎯 CCI :

Company approved the acquisition of Wabco Holding by ZF Friedrichshafen AG, subject to compliance of certain modifications. 

🎯 Rites :

Company emerged as the successful bidder for supply of locomotives and coaches for Rs 680 crore to Indian Railways.

🎯 Dilip Buildcon :

Company received a letter of acceptance from Airports Authority of India for EPC project in Gujarat, whose bid cost stood at Rs 570.1 crore.

🎯 Prabhat Dairy : 

Board approved the merger of wholly-owned arm Cheese Land Agro with the company. 

🎯 Titagarh Wagons :

Company commissioned its second research vessel for the Government of India.

🎯 Godrej Agrovet :

Promoter Godrej Industries acquired 16.1 lakh shares at Rs 538.93 each. 

🎯 Sudarshan Chemical :

Promoters Kishor Rathi and Rohit Rathi sold 10 lakh shares. 

🎯 Sun Pharma :

Company created a pledge of 1.08 crore shares on favour of Barclays Merchant Bank on Feb. 11. 

🎯 Forbes :

Company promoter Shapoorji Pallonji revoked pledge of 9.5 lakh shares on Feb. 11. 

🎯 JSPL :

Company promoter OPJ Trading revoked pledge of 30 lakh shares on Feb. 14. 

🎯 JSW Energy :

Company promoter Glebe Trading created pledge of 1.3 crore shares on Feb. 12.

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Edited by Sharp. 

14th February, 2020 Morning Brief

Market will open on a flat note today. 

U.S. equity futures slipped along with stocks in Tokyo and Seoul, though moves were modest after the Chinese province at the centre of the coronavirus outbreak reported more deaths.

U.S. equities had a turbulent Thursday, fluctuating between gains and losses on mixed news about the coronavirus outbreak, only to fade after the Federal Reserve Bank of New York said it will further shrink repurchase agreement operations.

🎯 News & Impact 🎯

Major Result Today :

ONGC

🎯 BPCL (Q3, QoQ) :

Revenue rose 16.2 % to Rs 74,732.8 crore. 

Net profit fell 26.2 % to Rs 1,260.6 crore. 

Ebitda rose 13.8 % to Rs 2,703.4 crore.

🎯 Nestle (Q4, YoY) :

Revenue rose 8.7 % to Rs 3,149 crore. 

Net profit rose 38.4 % to Rs 473 crore.

Ebitda rose 23.1 % to Rs 678 crore. 

Positive for the stock. 👍 

🎯 Vodafone Idea (Q3, QoQ) :

Revenue rose 2.3 % to Rs 11,089.4 crore. 

Net loss at Rs 6,438.8 crore versus loss of Rs 50,922 crore. 

Ebitda rose 0.7 % to Rs 3420.5 crore.

🎯 Apollo Hospital Enterprises (Q3, YoY) :

Revenue rose 17 % to Rs 2,911 crore. 

Net profit rose 83 % to Rs 90 crore. 

Ebitda rose 53 % to Rs 428 crore.

🎯 Avenue Supermarts :

Company’s promoters plan to sell 2.28 % stake via offer for sale of shares. Promoters to sell up to 1.48 crore shares at a floor price of Rs 2,049 per share for Rs 3,032.52 crore.

🎯 BPCL : 

Board approved to initiate the process of divestment of the company’s shareholding of 61.65 % stake in Numaligarh Refinery as per the decision of Cabinet Committee on Economic Affairs.

🎯 M&M :

Company clarified that the Board of SsangYong Motor has approved a 3 years business plan which will lead to the profitability of the company in the year 2022.

🎯 Adani Green Energy :

Company has entered into a binding agreement with Total, who will invest $510 million for the acquisition of a 50 % stake in a JV company which will house 2,148 MWAC operating solar projects presently which are 100% owned by Adani Green Energy.

🎯 Eveready :

Yes Bank sold 9.47 % stake in Eveready Industries in various tranches.

🎯 NACL Industries : 

Board approved the formation of the new arm to take up a Greenfield project for manufacturing various chemicals including agrochemicals in the State of Gujarat, with an initial capital outlay of about Rs.150 crore. The board also of another arm to take up Company’s proposed Greenfield project at Andhra Pradesh.

🎯 Jai Corp : 

Board approved the discontinuation of Masterbatch and Dyeing Unit, disposal of land and building in Daman and approved deleveraging the Balance Sheet by divesting certain non-core assets.

🎯 V2 Retail :

Company promoter V2 Conglomerate acquired 1lk shares on Feb. 11. 

🎯 Alkem Lab :

Company promoter Nawal Singh sold 1lk shares from Feb. 10-12.

Negative for the stock. 

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

13th February, 2020 Morning Brief

Market will open on a flat note today. 

U.S. stock futures retreated along with the offshore yuan, and the yen gained as China reported an increased number of coronavirus cases in Hubei, using a revised method.

U.S. equities closed at record highs on Wednesday as optimism grew that the global economy can recover from the impact of the coronavirus amid signs the spread of the illness is slowing.

🎯 News & Impact 🎯

Major Results Today :

BPCL, Nestle 

🎯 IRCTC (Q3, YoY) :

Revenue rose 64.6 % to Rs 716 crore. 

Net profit rose 2.8 times to Rs 205.8 crore.

Margin stood at 37.1 % versus 22.7 %

Positive for the stock. 👍 

🎯 Ashok Leyland (Q3, YoY) :

Revenue fell 36.5 % to Rs 4,015.7 crore. Net profit fell 92.7 % to Rs 27.8 crore.

🎯 Torrent Power (Q3, YoY) :

Revenue fell 5.4 % to Rs 3,079 crore. 

Net profit rose 77 % to Rs 419.4 crore. 

Margin stood at 27.3 % versus 22.6 %

🎯 PI Industries (Q3, YoY) :

Revenue rose 20.1 % to Rs 849.8 crore versus Rs 707.5 crore. 

Net profit rose 12.4 % to Rs 121.1 crore.

🎯 PI Industries : 

Board approved the merger of the company’s arm Isagro with the company.

🎯 AstraZeneca Pharma / Alembic /Cadila : 

Parent Company AstraZeneca said proposed generic versions of a lung cancer treatment by Alembic, MSN Labs and Zydus Cadila infringe a patent for Tagrisso Cancer Drug.

🎯 Religare Enterprises :

Company plans to acquire remaining 14.36 percent stake in Religare Finvest from Resurgence PE Investments for Rs 47.05 crore. The company’s stake in Religare Finvest is set to 100 percent from 85.64 %

🎯 BHEL :

Company signed a memorandum of understanding with Russia’s Rosoboronexport. The aim of the MOU is to cooperate and undertake joint projects and operations for Defence Systems. This will help in leveraging BHEL's capabilities in the Defence Sector in association with Russian OEMs.

🎯 General Insurance Corporation of India :

Company obtained a license from Bank of Russia for the commencement of reinsurance business in Russia.

🎯 Aurobindo Pharma :

Company has completed the acquisition of certain business assets of Profectus BioSciences.

🎯 Rico Auto Industries :

Company started commercial production of its new plant in Alwar to manufacture and supply auto components, from Jan. 1.

🎯 Pricol :

Company has called off its JV with Pointer Telocation, as the target company was acquired by USA’s ID Systems and business terms were not favourable for the company to continue to the formation of JV.

🎯 PNC Infratech :

Company declared L1 Bidder for HAM Project in Uttar Pradesh for a bid cost of Rs 2052 crore.

🎯 Karur Vyasa Bank :

Company has commenced its bullion business.

🎯 KPI Global Infra :

Company received an order for executing solar power project of 810KW capacity from two companies in Surat.

🎯 KNR Constructions :

Company received appointed date by Karnataka Government for EPC projects whose bid cost stood at Rs 1,144.5 crore.

🎯 HSIL : Promoter Paco Exports acquired 5.87 lakh shares (0.81 percent) at Rs 55.43 each. 

Positive for the stock. 👍 

🎯 Parag Milk Foods : 

Norges Bank sold 14.17 lakh shares (1.69 percent) at Rs 92 each.

🎯 Aavas Financiers :

Company promoter Lake District Holdings sold 36.7 lakh shares on Feb. 7

🎯 Globus Spirits :

Company promoter Chandhbagh Investments sold 24,000 shares on Feb. 11

🎯 Persistent Systems :

Company promoter Rama-Purushottam Foundation sold 1,500 shares on Feb. 11

🎯 Laurus Labs :

Company promoter Srihari Kalidnidi sold 32,000 shares from Feb. 7-11. 

12th February, 2020 Morning Brief

Market will open on a positive note today.

Asian stocks opened in mixed fashion Wednesday as investors weighed the spreading coronavirus against expectations for policy support.

U.S. stocks fought off a late-session swoon to close at fresh heights Tuesday, amid reports that the Federal Trade Commission is looking into acquisitions by some of the country’s biggest tech companies.

India to release consumer-price inflation for January and factory output data for December may be on a better level. 

🎯 News & Impact 🎯

Major Results Today :

Hindalco 

🎯 Hospital stocks are expected to hog the limelight as all medical devices sold in the country would be treated as drugs and would be regulated under the Drugs and Cosmetics Act of 1940, from April 1. 

🎯 Coal India (Q3, YoY) :

Revenue fell 7.4 % to Rs 2,3190.5 crore. 

Net profit fell 14.1 % to Rs 3,923.9 crore. 

Margin stood at 21.4 % versus 27.1 %.

Negative for the stock. 

🎯 Hindalco : Novelis (Q3, YoY)

Net sales fell 10 % to $2.7 billion. 

Net Income rose 37 % to $107 million.

🎯 Cochin Shipyard (Q3, YoY) :

Revenue rose 25 % to Rs 896.1 crore. 

Net profit rose 32.4 % to Rs 169.8 crore.

Positive for the stock. 👍 

🎯 Bharat Heavy Electricals (Q3, YoY) :

Revenue fell 22.6 % to Rs 5,680.8 crore. 

Net profit fell 17.2 % to Rs 162.7 crore. 

Negative for the stock.

🎯 HEG (Q3, YoY) :

Revenue fell 78.9 % to Rs 393.7 crore. 

Net loss at Rs 1.2 crore versus net profit at Rs 865.5 crore.

Negative for the stock. 

🎯 SBI :

As per reports, SEBI has given its approval for the initial public offer (IPO) of SBI Cards and Payment Services, the cards unit of the State Bank of India (SBI). The company is expected to raise Rs 500 crore. 

🎯 Sun Pharma Advanced Research :

Company received a complete response letter from U.S. FDA for the new drug application for Taclantis.

🎯 Vikas Proppant & Granite :

Company received Pollution Control Board’s nod to operate mines for mining granite in Jodhpur.

🎯 Reliance Naval & Engineering :

Company received a show-cause notice from the Ministry of Defense, for termination of contract relating to 5 Naval Offshore Patrol Vessels.

🎯 Lumax Auto Technologies :

Company approved server 6ing the notice to Gill-Austem LLC (JV Partner) for termination of Joint Venture Agreement due to non-performance of the obligation by the JV Partner even after the expiry of the cure period in terms of the agreement.

🎯 Mercator : 

SBI and ICICI Bank have filed proceedings against the company under the Insolvency Act to recover the outstanding dues

🎯 HSIL : 

Promoter Paco Exports acquired 4.54 lakh shares (0.63 %) at Rs 53.31 each.

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Edited by Sharp. 

11th February, 2020 Morning Brief

Market will open with a gap-up today. 

Asian equities opened higher Tuesday after U.S. stocks hit a record high as investors looked past the potential economic impact of the spreading coronavirus.

U.S. equities started the week strong as investors looked past the potential economic hit from the spreading coronavirus to prepare for more corporate earnings.

🎯 News & Impact 🎯 

Major Results Today :

COALINDIA, SIEMENS 

🎯 Indiabulls Real Estate (Q3, YoY) :

Revenue fell 3.1 % to Rs 1,232.3 crore. 

Net profit fell 75.7 % to Rs 49.2 crore. 

Margin stood at 10.2 % versus 30.5 %

Negative for the stock. 

🎯 NALCO (Q3, YoY) :

Revenue fell 23.2 percent to Rs 2,088.4 crore. 

Net loss at Rs 34 crore versus net profit at Rs 301.8 crore. 

Negative for the stock. 

🎯 Oil India Q3 :

Profit dips 35.2 % to Rs 406.4 cr, 

Revenue slips 5.5 % to Rs 2,952 cr QoQ.

🎯 ICICI Bank :

Company moved insolvency application against Mercator Ltd. to recover dues of above Rs 50 crore.

🎯 Cipla : 

South African arm signed an agreement securing originator and authorized generic brands of an atypical antipsychotic drug, Quetiapine.

🎯 Info-Edge :

Company to acquire up to 25 % stake in Sunrise Mentors for Rs 37.1 crore.

🎯 M & M : 

CCI approved the formation of joint venture between Mahindra & Mahindra and Ford Motor and transfer the automotive business of Ford India to the JV.

🎯 Setco Automotive : 

Company received notice from Bank of Baroda under SARFAESI Act for Rs 116.5 crore and also for notice on the aforesaid loan.

🎯 Capacity Infraprojects :

Company received a contract worth Rs 350.17 crore from a private sector client in Mumbai under its commercial and institutional portfolio.

🎯 GMR Infra :

Company’s arm GMR Airports has achieved a concession commencement date to design, build and operate a new airport at Crete, Greece.

🎯 GMM Pfaudler : 

SEBI imposed a penalty of Rs 13.5 lakh on the promoters for contraventions in the Takeover Regulations from 2003 to 2012.

🎯 DCM Shriram : 

66MW power plant at Kota has become operational.

🎯 Vikas Proppant & Granite :

Company received sanctioning of its mining agreement by Mining Engineering, Jodhpur.

🎯 Ramco System :

West Africa's 60-year-old Aviation Company, Aero Contractors Company of Nigeria Limited Goes Live with Ramco Aviation. 

🎯 HSIL : 

Promoter Paco Exports acquired 10.63 lakh shares (1.47 %) at Rs 52.85 each. 

Positive for the stock. 👍 

🎯 Infosys :

Company to acquire Simplus, a leading salesforce consulting and platinum partner. 

🎯 ITC :

Company hiked prices across various lengths of cigarettes by 10-12 %.

🎯 Vikas Proppant :

Company sanctioning of mining agreement accorded by Mining Engineering, Jodhpur. 

🎯 Tourism Finance Corporation : Promoter Redkite Capital sold 30 lakh shares (3.72 %) at Rs 68.01 each.

Negative for the stock. 

🎯 Pidilite Industries :

Company promoters sold 30,000 shares from Feb. 5-6.

Negative for the stock.

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Edited by Sharp. 

10th February, 2020 Morning Brief

Market will open on a flat note. 

Asian shares fell along with U.S. stock futures while haven assets nudged higher at the start of a week.

As investors grapple with assessing the impact of the virus on global growth, China’s central bank on Monday will offer its first batch of special re-lending funds as it seeks to combat the outbreak. 

Major Results Today :

GAIL, Grasim

🎯 M & M (Q3, YoY) :

Revenue fell 6 % to Rs 12,120 crore.

Ebitda rose 1.6 % to Rs 1,793 crore.

Margin stood at 14.8 % versus 13.7 %.

Net profit fell 73 % to Rs 380 crore.

🎯 Tata Steel (Q3, YoY) :

Revenue declined 8.6 % to Rs 35,520.4 crore.

Net loss at Rs 1,029.1 crore versus net profit at Rs 2,334.2 crore.

🎯 Britannia (Q3, YoY) :

Revenue rose 4.9 % to Rs 2,982.7 crore.

Net profit rose 23.9 % to Rs 372.6 crore.

Ebitda up 11.1 % to Rs 502.1 crore.

Margin at 16.8 % versus 15.9 %.

🎯 NTPC (Q3, YoY) :

Revenue drop 2.6 % at Rs 23,496.4 crore.

Net profit up 25.6 % to Rs 2,995.1 crore.

🎯 UPL (Q3, YoY) :

Revenue up 80.7 % to Rs 8,892 crore.

Net profit jumped 52.1 % to Rs 701 crore.

🎯 Whirlpool (Q3, YoY) :

Revenue rose 4.9 % to Rs 1,271.2 crore.,

Net profit rose 20.8 % to Rs 73.2 crore.

🎯 ACC (Q4, YoY) :

Revenue rose 4.2 % at Rs 4,060.3 cror.

Adjusted net profit up 17 % to Rs 269.2 crore.

🎯 KEC International (Q3, YoY) :

Revenue rose 16.1 % to Rs 3,073.1 crore.

Net profit up 28.9 % to Rs 144.9 crore.

🎯 New India Assurance (Q3, YoY) :

Premium Earned up 11.7 % to Rs 6,176.5 crore versus Rs 5,529 crore.

Net profit to Rs 494.9 crore versus net loss at Rs 112.8 crore.

Positive for the stock. 👍 

🎯 Tata Motors : 

JLR to cut production half or one day a week at its Solihull and Castle Bromwich plants to achieve the necessary operational efficiencies and align production to current demand conditions.

🎯 Lumax Auto Technologies :

Company signed a JV deal with Japan’s Yokowo to manufacture and supply antennas and other vehicle communication products. The company also signed MoU with China’s Ananda Drive Techniques for the manufacturing of electric vehicle products.

🎯 Biocon : 

Bengaluru NCLT approved amalgamation of Biocon Research with Biocon Biologics.

🎯 Ashok Leyland :

Company to acquire a 7 percent stake in its arm Hinduja Leyland Finance for Rs 390.5 crore.

🎯 Hindustan Aeronautics :

Company signed agreements with SC Rosoboronexport, Indian Coast Guard, IIT Kanpur and Turbo Aviation for various services.

🎯 IIFL Securities :

Company received approval for its maiden Alternative Investment Fund.

🎯 Neuland Laboratories :

Company says U.S. FDA inspected a unit of Sangareddy facility and issued form 483 with two observations.

🎯 OM Metals Infra Projects :

Company in a consortium bagged Rs 263.1 order from the Government of Madhya Pradesh.

🎯 Cipla :

Company expands women's health portfolio through the acquisition of four key brands from Wanbury. These brands, previously commercialised by Wanbury, have a market size of Rs 3,100 crore in India with a sales value of Rs 59.6 crore.

🎯 Shilpa Medicare :

Company receives zero observations after the inspection of its API units (I & II) located in Karnataka by U.S.FDA.

🎯 Mastek :

Company to acquire the middle east business of evolutionary systems Arabia FZ LLC through its group company for $65 million.

🎯 Pidilite Industries :

Company promoter Harish Parekh sold 42,500 shares from Feb. 5-6.

Negative for the stock. 

🎯 Just Dial :

Company promoter Ramani Iyer sold 1.5 lakh shares on Feb. 4.

Negative for the stock. 

🎯 Laurus Labs :

Company's promoter Srihari Kalidindi sold 3.52 lakh shares on Feb. 4.

Negative for the stock.

🎯 SAIL :

Govt to offload 5% stake in company via offer for sale, may rake in Rs 1,000 core.

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Edited by Sharp. 

7th February, 2020 Morning Brief

Market will start on flat note today.

Asian stocks were mixed at the open on Friday to cap off what’s been the best week since January 2019.

U.S. stocks continued their relentless push higher even as the economic impact from the deadly coronavirus remains murky. The S&P 500 Index’s four-day rally hit 3.7 percent as major equity benchmarks added to all-time highs.

🎯 News & Impact 🎯

Major Results Today :

Britannia, NTPC, UPL, Tata Steel

🎯 Hero MotoCorp (Q3, YoY) :

Revenue fell 11 % to Rs 6,996.73 crore. 

Net profit rose 14.5 % to Rs 880.41 crore. 

🎯 NMDC (Q3, YoY) :

Revenue fell 17.6 % to Rs 3,006.4 crore Net profit fell 12.7 % to Rs 1,376.4 crore

🎯 Aurobindo Pharma (Q3, YoY) :

Revenue rose 11.9 % to Rs 5,895 crore. 

Net profit fell 1 % to Rs 705.5 crore. 

🎯 Indraprastha Gas (Q3, YoY) :

Revenue rose 10.2 % to Rs 1,664.2 crore. Net profit rose 43.4 % to Rs 283.9 crore. 

🎯 GSK Consumer Healthcare (Q3, YoY) :

Revenue rose 3.8 % to Rs 1,158.9 crore. Net profit rose 25.1 % at Rs 276.6 crore. 

🎯 Trent (Q3, YoY) :

Revenue rose 45.3 % to Rs 988.3 crore. 

Net profit rose 21.7 % to Rs 53.9 crore. 

🎯 Bata India (Q3, YoY) :

Revenue rose 6.5 % to Rs 830.8 crore. 

Net profit rose 14.9 % to Rs 118.3 crore. 

🎯 United Bank Q3 : 

Net profit at Rs 113.6 crore versus loss of Rs 1,139.3 crore, 

NII at Rs 819.4 crore versus Rs 380 crore, YoY

Positive for the stock. 👍 

🎯 Bharti Airtel : 

Department of Telecommunications approves the merger of the consumer mobile operations of the Tata group with Bharti Airtel.

Positive for the stock. 👍 

🎯 Sundaram Finance :

Company completed the sale of its entire 10 % stake in Equifax for Rs 92 crore to EFX Holdings.

🎯 Adani Enterprises :

Company’s arm signed a memorandum of understanding with Airbus to explore opportunities for collaboration in the area of aircraft services for the Indian and South Asian markets. 

🎯 Wipro :

Company won a multi-year strategic IT deal from Marelli, which is a global Tier-1 automotive technology supplier.

🎯 Mahindra & Mahindra : 

The European Union has cleared Ardour Automotive-Mahindra & Mahindra-Ford Deal.

🎯 Emami : 

Kolkata-based diversified conglomerate Emami Group announced on Thursday that it had entered into a binding agreement with Nuvoco Vistas Corp, part of the Nirma group, for divesting its 100 % equity stake in Emami Cement for an enterprise value of Rs 5,500 crore.

🎯 Pidilite Industries :

Company promoter Rashmikant Parekh sold 77,800 shares from Feb. 4-5.

Negative for the stock. 

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Edited by Sharp. 

6th February, 2020 Morning Brief

Market will open on a positive note after another leg of rally witnessed yesterday on positive global cues.

Stocks in Asia gained after data showed resilience in the U.S. economy and investors speculated the fallout from the coronavirus could be contained.

U.S. equities earlier closed at an all-time high. The S&P 500 Index’s three-day gain topped 3 percent, and the Nasdaq indexes added to records.

🎯 News & Impact 🎯 

Last meet of the year of India’s Monetary Policy Committee which will announce its final review for 2019-20. It may give shock by hiking rates. 

Our view : Rate cut is out of question. 

Major Results Today :

Eicher Motors, Hero MotoCorp, Sun Pharma

🎯 DLF (Q3, YoY) :

Revenue down 39.5 % to Rs 1,342 crore. 

Ebitda down 64.3 % to Rs 237.6 crore. 

Margin at 17 % versus 28.8 %

Net profit up 23.5 % to Rs 414 crore.

🎯 HPCL (Q3, QoQ) :

Revenue up 16.2 % to Rs 70,749.6 crore. 

Net profit down 29 % to Rs 747.2 crore.

🎯 Ajanta Pharma (Q3, YoY) :

Revenue rose 34.2 % to Rs 651.2 crore. 

Net profit rose 60.8 % to Rs 107.6 crore.

Positive for the stock. 👍 

🎯 Indiabulls Housing Finance (Q3, YoY) :

Net interest income fell 50.9 % to Rs 614.1 crore. 

Net profit fell 43.8 % to Rs 546.9 crore.

🎯 Engineers India (Q3, YoY) :

Revenue rose 53.7 % to Rs 899.2 crore. 

Net profit rose 19.4 % to Rs 111.8 crore.

🎯 SBI :

Company said that it has completed the divestment of its entire 7.41 % stake in Equifax Credit Information Services for Rs 68 crore.

🎯 Kotak Mahindra Bank :

Bank’s arm has completed the divestment of its entire 5.56 % stake in Equifax Credit Information Services.

🎯 Lupin :

Company received approval for Leflunomide tablets from the U.S. FDA to market a generic equivalent of Arava Tablets. The drug is used in the treatment of adults with active rheumatoid arthritis.

Positive for the stock. 👍 

🎯 CreditAccess Grameen :

Company received No-Objection Certificate from RBI for its acquisition of 76.34 % stake in Madura Micro Finance.

Positive for the stock. 👍 

🎯 Navkar Corporation :

Company received Strategic Alliance Management Contract at lnland Clearance Depot, Valvada, Gujarat, via tender offered by Central Warehousing Corporation for an initial period of five years and further extendable for a period of two years on mutual consent.

🎯 Hindustan Aeronautics :

Company signed a memorandum of understanding with Israel’s Elbit Systems for assessing the feasibility of the joint development of a Vertical Take-off and Landing Unmanned Aerial Vehicle for maritime and land-based military operations.

🎯 Panacea Biotec :

Company completed the transfer of its pharma business to its wholly-owned arm, Panacea Biotec Pharma.

🎯 Matrimony.com :

Company acquired 26.1 % stake in Astro-Vision Future Tech for Rs 6 crore.

🎯 Emami :

IDBI Trusteeship Services increased stake from 7.38 % to 11.85 % in respect of pledge creation, on behalf of debenture holders.

🎯 Westlife Development :

Promoter Makino Holdings sold 46.82 lakh shares (3.01 %) at Rs.425.07 each. 

Negative for the stock. 

🎯 Reliance Infra :

Promoter Redkite Capital sold 20 lakh shares (2.48 %) at Rs 67.06 each. 

Negative for the stock.

🎯 Pidilite Industries :

Company promoter Harish Parekh sold 50,000 shares from February 3-4

Negative for the stock.

🎯 Music Broadcast :

Company promoter Jagran Prakashan acquired 60,000 shares on February 3.

Negative for the stock.

🎯 

5th February, 2020 Morning Brief

Market will open on a positive note continuing loss patch up rally witnessed yesterday which had dented on the Budget day.

The rally in risk assets gathered pace Wednesday with stocks across Asia climbing with bond yields amid optimism the global economy can weather the impact of the coronavirus.

U.S. stocks rallied the most since August, while Treasuries plunged as investors speculated the global economy will withstand any impact from the still-spreading coronavirus after China’s market sell-off eased. On Wall Street, the Nasdaq hit a record high on Tuesday and the S&P 500 posted its biggest one-day gain in about six months, while the Dow Jones notched its biggest single-day rise in more than five months. The Dow Jones rose 1.44 per cent, the S&P 500 gained 1.50 per cent, and the Nasdaq Composite added 2.1 per cent.

🎯 News & Impact 🎯 

Major Results Today :

Cipla

🎯 Bharti Airtel (Q3, QoQ) :

Revenue up 3.9 percent to Rs 21,947 crore.

Net loss at Rs 1,035 crore versus net loss at Rs 23,045 crore.

Positive for the stock. 👍

🎯 Tata Global Beverages (Q3, YoY) :

Revenue rose 2.6 % to Rs 1,961.9 crore.

Net profit rose 21.5 % to Rs 120.6 crore.

Positive for the stock. 👍 

🎯 CSB Bank (Q3, YoY) :

Net Interest Income rose 31.3 % to Rs 155.3 crore.

Net profit stood at Rs 28.1 crore.

Provisions up 31 % to Rs 35.3 crore.

🎯 Oracle Financial Services Software (Q3, QoQ) :

Revenue flat at Rs 1,160.2 crore.

Net profit rose 27.3 % to Rs 456.8 crore.

Positive for the stock. 👍 

🎯 JSW Energy : 

The company reported an over two-fold rise in net profit to Rs 394 crore for the December 2019 quarter.

🎯 Zee : 

According to media reports, the Ministry of Corporate Affairs (MCA) has directed its western region head to inspect the books of the company. 

🎯 Sun Pharma :

Company launched Absorica LD capsules in the U.S. Market, which is used for the treatment of acne.

🎯 Cadila Healthcare :

Company received zero Form 483 observations from U.S. FDA, for its Ahmedabad Plant which manufactures oncology injectables for the regulated markets.

🎯 REC : 

The board approved amalgamation of company’s two arms REC Transmission Projects and REC Power Distribution.

🎯 Orissa Mineral Development :

Company said that it has received an extension of the validity period of mining lease for Iron and Manganese over an area of 1276.79 hectares.

🎯 Team Lease Services :

Company has increased its stake in IMSI from 72.7 % to 93.94 %.

🎯 IFCI :

Company said that it has completed its stake sale in National Stock Exchange and further received an amount of Rs 178.7 crore.

🎯 Hind Rectifiers :

Company secured an order of Rs 54.62 crore for the month of January.

🎯 Reliance Industries : 

The company acquired a further shareholding in Saavn Media Private Limited.

🎯 SRF : 

The company's board approved a project for setting up a range of dedicated plants to produce specialty chemicals at an estimated cost of Rs. 238 crore.

🎯 CCL Products :

Company promoters acquired 54,000 shares from Jan. 30-31.

Positive for the stock. 👍 

🎯 KRBL :

Company promoters acquired 79,500 shares on Feb. 4.

Positive for the stock. 👍

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Edited by Sharp. 

4th February, 2020 Morning Brief

Market will open on a positive note today continuing yesterday's recovery. 

Asian stocks opened mixed Tuesday after modest U.S. gains as investors weighed efforts to contain the coronavirus, while oil retained a sharp decline.

US indices advanced as China added stimulus in an effort to shore up its economy and American manufacturing data topped estimates.

🎯 News & Impact 🎯 

Major Results Today :

Adani Ports and Special Economic Zone, Bharti Airtel, Titan, PNB

Results Updates :

🎯 Deepak Nitrite (Q3, YoY) :

Revenue rose 46.1 % to Rs 1,119.9 crore. 

Net profit rose 3.9 times to Rs 156.7 crore.

🎯 GlaxoSmithKline Pharmaceuticals (Q3, YoY) :

Revenue fell 5.7 % to Rs 778.6 crore. 

Net loss stood at Rs 661.2 crore versus net profit at Rs 113.7 crore.

🎯 Shriram Transport Finance (Q3, YoY) :

Net profit rose 38.1 % to Rs 882.2 crore. 

Net Interest Income fell 1 % to Rs 2,014.4 crore.

🎯 Affle (India) (Q3, YoY) :

Revenue rose 27.4 % to Rs 94.5 crore. 

Net profit rose 31.9 % to Rs 21.5 crore.

🎯 Ujjivan Financial Services (Q3, YoY) :

Net interest income rose 46.1 percent to Rs 445.9 crore. 

Net profit rose 2.3 times to Rs 72 crore.

Positive for the stock. 👍 

🎯 TCS : 

Company has expanded partnership with Walgreens Boots Alliance for digital solutions for 10 years. The contract is valued at $1.5 billion.

🎯 Manappuram Finance : 

Baring India Private Equity Fund II is offering 4.2 crore shares (5 %) of the company in an accelerated book-building with a floor price of Rs 172 per share, which is at a discount of 6.57 percent to the last closing prices.

🎯 Power Grid : 

The government’s holding in the company has reduced from 53.03 % to 49.08 % on Jan. 28.

🎯 GMR Infra :

Company’s arm GMR Hyderabad International has signed an agreement to operate Bidar airport.

🎯 JK Cement :

Company has commissioned two grey cement grinding capacity plants with a combined capacity of 2.5 metric tonnes per annum and commenced the commercial dispatches.

🎯 National Peroxide :

Company said that its Kalyan plant has commenced operation with effect from Feb. 2.

🎯 Thyrocare Technologies :

Company said that its two centres at Surat and Baroda have been closed due to unfair business practices by the franchisee.

🎯 V-Mart :

Company has opened three new stores in Madhya Pradesh and Uttar Pradesh.

🎯 Kohinoor Foods :

Company has made an upfront payment towards a one-time settlement to Oriental Bank of Commerce.

🎯 Astra Microwave Products : 

Texmaco Infrastructure & Holdings acquired 10 lakh shares (1.15%) at Rs 91.37 each.

🎯 KRBL :

Company promoters acquired 22,500 shares on Feb. 3.

Positive for the stock. 👍

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Edited by Sharp. 

3rd February, 2020 Morning Brief

Market will open on a flat note after a backbone braking fall witnessed on the Budget day.

Asian stocks retreated ahead of the reopen of mainland Chinese markets as a deadly virus outbreak showed no signs of slowing.

Futures of major US indices trading up by more than half a percent in the morning today.

🎯 News & Impact 🎯

Auto Sales :

Maruti :                                                  Company reported a 1.6% increase in sales at 1,54,123 units in January. Domestic sales increased by 1.7% at 1,44,499 units last month, as against 1,42,150 units in January 2018, it added.                                                                        Tata Motors :                                    Domestic sales fell 18 % to 45,242 units.    Commercial vehicles sales fell 16 % to 33,860 units.                                    Passenger vehicle sales fell 22 % to 13,894 units.

Hero MotoCorp                                        Two-Wheeler Sales fell 14 % to 501,622 units.

Eicher Motors                                              Motorcycle sales fell 13 % to 63,520 units. VECV sales fell 6.1 percent to 5,544 units.

SML Isuzu                                                Sales rose 11.5 % to 1,112 units. 

M&M                                                  Mahindra and Mahindra (M&M) on Saturday reported a 4 % increase in tractor sales at 23,116 units in January. The company had sold 22,212 tractors in the same month last year.

Oil-linked stocks such as OMCs, paint, tyre and aviation may remain in focus as crude oil prices extended decline on Monday, dragged down by worries about lower demand in the world’s largest oil importer China following the coronavirus breakout.

🎯 Relaxo Footwears (Q3, YoY) :

Revenue rose 8.8 % to Rs 599.9 crore.

Net profit rose 52.2 % to Rs 54.2 crore.

Positive for the stock. 👍 

🎯 Chambal Fertilisers Q3: 

Consolidated net profit at Rs 479.2 crore against Rs 159.6 crore YoY. 

Consolidated revenue went up 36.5% at Rs 3,832 crore against Rs 2,807 crore YoY.

Positive for the stock. 👍 

🎯 Thyrocare Technologies (Q3, YoY) :

Revenue rose 9.9 % to Rs 105.8 crore.

Net profit rose 36.1 % to Rs 27.5 crore.

🎯 Alkem Labs : 

Company gets tentative US FDA nod for generic of Samsca tablet

🎯 Coal India : 

January production rose 10.3 % at 63.11 MT versus 57.21 MT. Offtake rose 6.9 percent at 56.05 MT versus 52.44 MT.

🎯 Infoedge : 

IE Venture Fund to invest Rs 25.2 crore in Qyuki Digital Media.

🎯 HCL Tech :                                                IT major HCL Technologies is looking to increase the workforce at its Lucknow facility by 50 per cent by the end of next financial year 2020-21.

🎯 ONGC, Oil India :                              ONGC, IOC and other oil PSUs will invest over Rs 98,521 crore in the coming fiscal starting April 1 in exploring for oil and gas, refineries, petrochemicals and laying pipelines to meet needs of the world's fastest-growing energy consuming nation. 

🎯 Cochin Shipyard :                                The company has taken 100% stake in an SPV which it formed along with Hooghly Dock and Port Engineers Limited for modernisation and renovation of the two dry docks on western bank of the Hooghly river.

🎯 Shilpa Medicare : 

Company gets tentative US FDA nod for generic of Esbriet drug.

Positive for the stock. 👍

🎯 Info Edge :

IE Venture Fund I has entered into an agreement to invest about Rs 252 million equivalent to USD 3.5 million in Qyuki Digital Media.

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Edited by Sharp.