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.