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.