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.