1st April, 2020 Morning Brief

Market will open on a negative note today. 

Asian markets opened with losses on Wednesday after a weak session on Wall Street and amidst concerns over rising Covid-19 cases in the U.S.

A private reading of China's manufacturing gauge in likely to show a rebound for the month of March. Treasuries and the Yen are holding on to gains.

Markets in Japan and South Korea are declining while those in Australia are bucking the trend.

🎯 News & Impact 🎯 

🎯 ONGC, Oil India, Gujarat Gas, IGL, MGL : 

India cuts gas prices by 26 % to $2.39/mmBtu from April 1. The new price is the lowest since the government introduced formula-based pricing in November 2014.

Negative for the stocks. 

🎯 Hero MotoCorp : 

Promoters acquired 2.76 lakh shares, and increased their stake in the company by 0.14 % to 34.77 % in the company.

🎯 Adani Transmission :

Company has circled up a second tranche of $90 million and concluded its maiden U.S. private placement of $400 million for dollar-denominated notes.

🎯 Zuari Agro Chemicals : 

The company has acquired shares of Zuari Farmhub, making it a wholly-owned subsidiary of the company. 

🎯 MEP Infrastructure : 

Promoter Virendra Mhaiskar bought 13 lakh shares in the company at Rs 12.15/share.

Positive for the stock. 👍 

🎯 Adani Enterprises :

Company received a hybrid annuity road project in Madhya Pradesh from NHAI. 

🎯 YES Bank : 

Markets regulator Sebi on Tuesday imposed a penalty of Rs 50 lakh each on two promoter entities of YES Bank for not making requisite disclosures pertaining to encumbrance of shares. 

🎯 PNB Housing Finance : 

Catalyst Trusteeship released a pledge of 5.41 crore shares on March 31.

🎯 Spandana Sphoorty Financial : Completed the direct assignment of micro-finance loans worth Rs 490.23 crore on March 30.

🎯 GE Power India : 

Awarded a contract by NTPC to supply Wet Flue Gas Desulfurization (FGD) Systems for a value of Rs 690 crore.

🎯 IDFC : 

Has completed a transaction for the sale of 30 percent of its stake in its Infra Debt Fund to National Investment and Infrastructure Fund for Rs 256.91 crore.

🎯 Adani Enterprises : 

Gets a Letter of Award from NHAI for Madhya Pradesh road project for bid of Rs 866.64 crore.

🎯 GM Breweries : 

Got a licence to manufacture hand sanitizers from Food and Drugs Administration, Maharashtra State, which will be valid from March 31 to June 30.

Positive for the stock. 👍 

🎯 Minda Industries : 

Closes its Spanish arm, till further notice.

🎯 Fine Organic Industries : 

Has resumed its partial operations at it its manufacturing facilities from March 30.

🎯 Indiabulls Housing Finance : 

Promoter Sameer Gehlaut acquired 24 lakh shares (0.57 %) at Rs 96.33 per share.

Positive for the stock. 👍 

🎯 Rain Industries : 

Promoter Anupama Reddy acquired 65,518 shares between March 30-31.

Positive for the stock. 👍 

🎯 Olectra Greentech : 

Promoter MEIL Holdings acquired 6 lakh shares between March 26-27.

Positive for the stock. 👍 

🎯 Mahindra CIE Automotive : 

Promoter PI Autometal acquired 1.18 lakh shares on March 30.

Positive for the stock. 👍 

🎯 KPIT Technologies : 

Promoter SB Ravi Pandit acquired 5.6 lakh shares between March 27-31.

Positive for the stock. 👍

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Edited by Sharp. 

31st March, 2020 Morning Brief

Market will open with a gap up today after yesterday's fall. 

Asian markets have opened mixed on Tuesday morning despite a strong day of trade in the U.S. The U.S. dollar is holding on to gains against peers while gold is declining.

Markets in Australia and South Korea have opened with gains while Japanese equities are declining for the second day in a row.

Futures on the S&P 500 are edging higher after the index climbed for the fourth time in five sessions.

🎯 Jubilant Lifesciences : 

Bloomberg News reports that some employees at its Mysore unit have been found Covid-19 positive. The plant has been shut for sanitisation and workers have been self-quarantined.

🎯 Hero Group : 

Pledged Rs 100 Crore for the ongoing Covid-19 relief-efforts in India.

🎯 Bharti Airtel : 

Extended the pre-paid pack validity for over 80 million customers till April 17.

🎯 HPCL : 

Bloomberg News reports that the company has issued force majeure on Iraq’s oil marketing company.

🎯 Reliance Industries : 

Announced Rs 500 Crore contribution to PM-CARES fund.

🎯 Infosys Foundation : 

Committed Rs 100 crore towards Covid-19 relief efforts, out of which Rs 50 crore has been earmarked for PM-CARES fund.

🎯 Adani Transmission and Tata Power : The Government of Maharashtra announced on Monday that electricity tariff will be cut by an average of 8 percent for the next five years to help businesses and people tide over the Covid-19 crisis.

Negative for the stocks. 

🎯 Heidelberg Cement : 

De-bottlenecking projects at Imlai and Jhansi plants have been duly completed and the grinding capacity of these plants has been enhanced to 6.26 million tons per annum.

🎯 Britannia : 

Despite products being essential, operations have been disrupted due to the lockdown. The company said that it is taking all necessary steps to restore operation of factories.

🎯 Suzlon Energy : 

Lenders led by State Bank of India have approved a resolution plan of the company and its certain identified subsidiaries.

Positive for the stock.

🎯 Aster DM Healthcare : 

Sold its loss-making pharmacies in Kuwait for 4,83,000 Kuwaiti Dinar.

🎯 Godrej Industries : 

Promoter Anamudi Real Estates acquired 3 lakh shares between March 26-27.

Positive for the stock. 👍 

🎯 HFCL : 

Promoter Mahendra Nahata acquired 4.15 lakh shares on March 30.

Positive for the stock. 👍 

🎯 JSW Steel : 

Promoter JTPM Metal Traders acquired 9.35 lakh shares between March 26-27. 

Positive for the stock. 👍 

🎯 India Cements : 

Promoter Anna Investments acquired 1.3 lakh shares between March 26-27.

Positive for the stock. 👍 

🎯 Gateway Distriparks : 

Promoter Perfect Communications acquired 1.2 lakh shares between March 26-27.

Positive for the stock. 👍 

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

30th March, 2020 Morning Brief

Market will open with a gap-down.

Asian markets along with U.S. equity futures are declining on Monday morning after a late-session decline on Wall Street on Friday. The Aussie traded lower after the country limited public gatherings to only two people.

U.S. President Donald Trump extended the Coronavirus Guidelines in the U.S. to April 30. Treasury Secretary Steve Mnuchin expects to have the small business loan program functional in the coming week while workers can expect aid from the $2 trillion stimulus package signed by Trump on Friday.

The S&P 500 posted a 10 percent gain in the last week, the best since March 2009, despite snapping a record three-day rally on Friday. The Dow Jones had its best week since 1938.

🎯 News & Impact 🎯

🎯 SBI : 

Cuts lending rates by 75 basis points to 7.05 %. Repo linked lending rate reduced to 6.65 %.

🎯 Sun Pharma : 

Gets OAI from U.S. FDA for its Halol facility. The OAI classification implies that the U.S. FDA may withhold the approval of any pending product applications or supplements filed from this facility till the outstanding observations are resolved. 

🎯 Coffee Day Enterprises : 

Gets first tranche payment of Rs 2,000 crore after divesting the Global Village Tech Park to entities belonging to Blackstone Group and Salarpuria Sattva Group for Rs 2,700 crore.

🎯 Delta Corp : 

Board approves buyback of shares worth Rs 125 crore at a price of Rs 100 per share.

🎯 IndusInd Bank : 

Makes timely interest payment of Rs 156.4 crore towards additional Tier-1 bonds. 

🎯 Future Retail : 

Clarifies that there is no such activity of Kishore Biyani selling stake.

🎯 Tata Power : 

JV with International Finance Corporation in Georgia begins commercial operation of 178MW Hydro Power Project. 

🎯 Godrej Agrovet : 

Signs sale deed with Godrej Properties to sell land parcel in Bengaluru for Rs 134.68 crore.

🎯 Lupin : 

The company along with Mylan has stated that the European Medicines Agency's Committee for Medicinal Products for Human Use have recommended the approval of Nepexto, used in the treatment of Arthritis.

🎯 HDFC Life : 

Standard Life Insurance sold 5 crore shares or 2.48 % stake at Rs 441.24 per share.

🎯 Cipla : 

Gets final approval for generic version of Nexium, as reported by Bloomberg News.

🎯 Mahindra and Mahindra : 

Suspends all manufacturing operations across India.

🎯 Maruti Suzuki : 

Enters into an arrangement with AgVA Healthcare to scale up production of Ventilators. 

🎯 Tata Coffee, Tata Consumer : 

Shut down manufacturing and plantation operations. 

🎯 Tata Metaliks : 

Suspends production of Pig Iron and DI Pipes at Kharagpur plant.

🎯 Hero MotoCorp : 

Extends suspension of closure of its manufacturing plants till April 14.

🎯 Abbott India : 

Receives approval for the test that can detect coronavirus in 5 minutes. The company will begin making said tests available to healthcare providers next week.

Positive for the stock. 👍 

🎯 SpiceJet, InterGlobe Aviation : 

Aviation Ministry allows the use of passenger aircraft for cargo movement. IndiGo and GoAir have expressed interest in cargo movement.

🎯 Auto Sector : 

The Supreme Court has relaxed the March 31 deadline for sale of all BS-IV vehicles with conditions.

🎯 Eris Life sciences : 

Promoter Himanshu Shah sold 19 lakh shares or 1.38 percent stake at Rs 360 per share while Emerald Investments acquired 17.94 lakh shares or 1.3 % stake at Rs 360 per share.

🎯 Adani Enterprises : 

Promoter SB Adani Family Trust created a pledge of 2.45 crore shares on March 24. 

Promoter Adani Tradeline LLP created a pledge of 33 lakh shares on March 24. 

Negative for the stock. 

🎯 Aurobindo Pharma : 

Promoters created a pledge of 13.5 lakh shares on March 23.

Negative for the stock. 

🎯 JBM Auto : 

Promoter SMC Credits acquired 81,000 shares between March 24-25. 

Positive for the stock. 👍 

🎯 Sadbhav Infra : 

Promoter Sadbhav Engineering acquired 36,021 shares on March 26.

Positive for the stock. 👍 

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

27th March, Morning Brief 2020

Market will continue yesterday's rally to open higher with a gap today.

RBI Governor to address at 10 am which may keep market volatile. 

Asian markets are edging higher on Friday morning after a third straight day of gains on Wall Street. Investors were encouraged by the passing of the $2 trillion stimulus package in the Congress.

Markets in Japan and South Korea are advancing over 3 % while Australian markets are up 2 %. 

The Dow Jones saw its biggest three-day advance in nine decades on Thursday.

U.S. jobless claims surged to a record 3.28 million last week as businesses shut down to prevent the spread of the Coronavirus. 

The U.S. has surpassed Italy in terms of the total Coronavirus cases and is poised to overtake China as well.

🎯 News & Impact 🎯

Enters F&O Segment From Today : 

Godrej Properties. 

🎯 Balrampur Chini Mills : 

ICICI Bank invests Rs 51 crore in the company’s NBFC arm-Auxilo Finserve for 9.9 percent stake.

🎯 L&T Infotech : 

The company’s arm Syncordis bagged a new deal for digital banking solutions from Standard Chartered Bank.

🎯 Maharashtra Seamless : 

Company has acquired an offshore drilling rig from the company’s Singapore associate company - Star Drilling for $100 million. The acquired rig is currently operating under contract with ONGC.

🎯 Indiabulls Housing Finance : 

Promoter Sameer Gehlaut acquired 23 lakh shares (0.54 %) at Rs 96.56 per share.

🎯 Apollo Pipes : 

Promoter Saket Agrawal sold 1.3 lakh shares (0.99 %) at Rs 250 per share.

🎯 Apollo Tricoat Tubes : 

Promoter Shri Lakshmi Metal Udyog acquired 1.58 lakh shares (0.52 %) at Rs 300.32 per share.

🎯 Godrej Industries : 

Promoter Anamudi Real Estates acquired 4 lakh shares between March 23-25.

🎯 Adani Ports & SEZ : 

Promoter Flourishing Trade acquired 35.61 lakh shares on March 25. 

🎯 JSW Steel : 

Promoter JTPM Metal Traders acquired 20.7 lakh shares between March 23-24. 

🎯 Great Eastern Shipping : 

Promoter Ravi Seth acquired 1.32 lakh shares between March 23-24.

🎯 Jamna Auto : 

Promoter Map Auto acquired 54,550 shares between March 24-25.

26th March, 2020 Morning Brief

Market will open with a gap up, continuing  yesterday's rally.

It is a mixed start to trade across the Asia-Pacific region on Thursday. This after global equities posted two successive sessions of gains for the first time since mid-February. 

Benchmark indices in Japan opened lower by as much as 2 percent while those in South Korea and Australia are seeing modest gains.

The S&P 500 saw its best two-day gains since November 2008 while the Dow reported its best two-day streak since 1987.

Futures in the U.S. are fluctuating after a dispute in the Senate over the Coronavirus relief package with Senator Bernie Sanders threatening to hold up the vote if the legislation is altered.

Equities in Europe ended with gains as well with hopes rising for a stimulus package of their own.

🎯 News & Impact 🎯

🎯 NTPC :

Second Unit of 660 MW of Khargone Super Thermal Power Project has been added to the installed capacity of NTPC on successful completion of trial operations. Total installed capacity at the group level stands at 58,816 MW.

🎯 REC : 

Board approved increasing the market borrowing program by Rs 4,000 crore to Rs 94,000 crore for the financial year 2020.

🎯 IndiGrid :

Company completes acquisition of its 9th transmission asset from Sterlite Power with an enterprise value of USD 134 million. 

🎯 Zensar Technologies :

Guidewire Software announces promotion of the company as PartnerConnect Consulting Advantage partner. 

🎯 Kolte-Patil Developers : 

Company announced the shutdown of offices and project sites due to the coronavirus outbreak.

🎯 Mangalam Organics :

Company terminated its alliance with France-based Les Dérivés Résiniques et Terpéniques.

🎯 Balkrishna Industries :

Company closed offices and manufacturing plans due to COVID-19.

🎯 Usha Martin :

Company temporarily halt operations at its manufacturing facility situated at Jharkhand until further notice.

🎯 HEG : 

To suspend its operations at its Madhya Pradesh plant with immediate effect.

🎯 Dhanuka Agritech : 

Shuts down all of its three plants in Gujarat, Jammu and Kashmir and Rajasthan.

🎯 Endurance Technologies : 

To suspend all plant operations in India until the next 21 days, or a period notified by authorities.

🎯 Syngene International : 

To temporarily suspend part of its research activities at its facilities situated at Bangalore SEZ and Hyderabad for a period of 21 days.

🎯 India Cements : 

Radhakishan Damani acquired 16 lakh shares (0.52 %) at Rs 94.97 per share.

🎯 Seamec : 

Promoter Sanjeev Agrawal acquired 1.74 lakh shares.

Positive for the stock. 👍 

🎯 Transport Corporation of India : Promoter Bhoruka Supply Chain Solutions acquired 10,000 shares on March 23. 

Positive for the stock. 👍 

🎯 Century Plyboards : 

Promoters acquired 64,000 shares from March 23-24.

Positive for the stock. 👍

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

24th March, 2020 Morning Brief

Market will open with a gap up today after record fall by points in a session.

Asian indices edged higher in Tuesday's trading session along with stock futures in the U.S. Equities across the globe are trying to stage a rebound after falling to their lowest level since 2016. Markets on Wall Street ended mixed despite a late session surge. Lawmakers failed to agree on a stimulus package. Trading volumes remained above average.

The S&P 500 registered its lowest close during the Presidency of Donald Trump. The index is now down 35 percent from its record high on February 19. The Dow Jones Industrial Average has lost almost all its gains since Donald Trump was elected President in November 2016. The U.S. Federal Reserve said that it will buy an unlimited amount of bonds to keep borrowing costs low and will set up programs to ensure credit flow to corporations, state and local governments.

🎯 News & Impact 🎯 

🎯 Hindustan Unilever : 

Signed an agreement with Glenmark Pharma to acquire intimate hygiene brand VWash.

🎯 NBFC Stocks : 

RBI to classify loans to NBFCs for on-lending purposes as priority sector lending. The banks are to classify loans to be extended to NBFCs in FY21 under the priority sector category. 

🎯 Gujarat Narmada Valley Fertilizers and Chemicals : 

TDI-II plant at Dahej has resumed its normal production after the completion of scheduled maintenance.

23rd March, 2020 Morning Brief

Market will open with a huge gap down on a panic situation globally. 

U.S. stock futures tumbled in early Monday trading as the death toll from the Coronavirus continued to rise globally. Sentiment is also soured by the failure of the Congress to agree to a relief package.

S&P 500 futures fell 5 percent to a lower circuit while the Dow futures trade lower by as much as 850 points on Monday morning. 

U.S. Markets posted heavy losses on Friday, to cap their worst week since the global financial crisis of 2008.

The S&P 500 fell 15 percent last week, to end at its lowest level in three years.

The European Union has said that the recession this year may be as bad as the one in 2009.

Goldman Sachs has warned that the U.S. economy may shrink 24 % on an annualised basis in the second quarter. 

🎯 News & Impact 🎯

🎯 Escorts : 

Kubota Corporation, a tractor and machinery manufacturer from Japan, will acquire a 10 percent equity stake, on a post capital reduction basis, in the company.

🎯 Ashok Leyland : 

Board says it will now acquire 6.99 % stake in Hinduja Leyland Finance Ltd. from the previous 19 %, after considering feedback from minority shareholders.

🎯 Pokarna : 

To temporarily suspend production operations till March 31.

🎯 Sandhar Technologies : 

To shut down temporary production in its units in Haryana, Rajasthan, Maharashtra and Uttarakhand. The corporate office too will be shut till March 31.

🎯 Shree Cement : 

Undertaking measures to shut all plants in Rajasthan till March 31.

🎯 Whirlpool Of India : 

To suspend manufacturing operations at its Faridabad and Pune units with immediate effect till March 31.

🎯 Birla Corporation : 

The Rajasthan power plant will be shut till March 31 while the cement plant in West Bengal too will be shut till March 27.

🎯 Sundaram Clayton : 

To shut operations at all its manufacturing facilities and offices for two days effective March 23, 2020.

🎯 Titan : 

To shut all manufacturing facilities for one week starting March 23. To shut all retail stores across all brands till March 29.

🎯 Future Retail : 

Most of the stores in most of the states are closed except those selling only essential commodities and grocery items.

🎯 Eicher Motors : 

Royal Enfield has successfully cleared all existing inventory of BS-IV motorcycles across channels and dealerships All Royal Enfield stores will sell only BS-VI compliant motorcycles starting March 21.

🎯 InfoEdge : 

Acquired 37.9 % stake in alumni management platform Univariety for Rs 8 crore and 16.9 % stake in pharmaceutical platform Medcords for Rs 7 crore.

🎯 Lupin : 

Launched Betamethasone Dipropionate Ointment USP, which is used for skin treatment.

🎯 Welspun Corp : 

One of the orders planned from its U.S. facility has been deferred.

🎯 IFCI : 

The Government has sanctioned a release of Rs 200 crore to the company towards a subscription to share capital during the current financial year.

🎯 GMR Infra : 

MIHAN India - the concession-granting authority for the development of Nagpur Airport has annulled the bidding process for the modernization, operation, upgrading, and maintenance of Nagpur Airport, previously awarded to the GMR Airports.

🎯 IPCA Labs : 

The U.S. FDA makes an exception to the company's import alert due to the Covid-19 outbreak and the shortage of certain drugs and finished products. Exceptions are for the company's Hydroxychloroquine (HCQs) and Chloroquine Phosphate APIs produced at the company's API manufacturing unit in Ratlam and HCQ tablets produced at its manufacturing units in Indore, Pithampur and Silvassa.

🎯 Graphite India : 

The local management of its wholly-owned subsidiary in Germany has decided to gradually and completely shut down production starting March 23. The closure would be in place till April 13.

🎯 Adani Green Energy : 

Approved a draft of a joint venture agreement to be entered into with TOTAL Solar Singapore PTE Ltd. and Adani Green Energy Twenty Three Ltd. The JV Company, which is presently a wholly-owned subsidiary of the company, is proposed to house 2,148 MWac of operating solar power projects, presently being owned by the Company through its direct wholly-owned subsidiaries or step down subsidiaries.

🎯 Magma Fincorp: Approved an investment up to a sum of Rs 100 Crores in the Equity Share Capital of Magma Housing Finance Ltd., a wholly-owned subsidiary, to augment its lending business.

🎯 L&T Finance : 

Agreement about the proposed equity investment by an external party in one of its subsidiaries - L&T Infra Debt Fund Ltd., stands terminated due to the expiry of the long stop date.

🎯 Automobile Sector :

All major companies suspended their manufacturing. 

Negative for the sector.

🎯 JK Lakshmi Cement : 

Promoters acquired 50,000 shares between March 16-17.

Positive for the stock. 👍 

🎯 Thirumalai Chemicals : 

Promoter Parthasarathy acquired 62,500 shares on March 19.

Positive for the stock. 👍 

🎯 Nava Bharat Ventures : 

Promoters acquired 1.27 lakh shares between March 18-19.

Positive for the stock. 👍 

🎯 Astra Microwave Products : 

Promoters acquired 1.04 lakh shares between March 16-19.

Positive for the stock. 👍 

🎯 Hubtown : 

Promoter Khilen Shah acquired 1.03 lakh shares between March 18-19.

Positive for the stock. 👍 

🎯 Sadbhav Infrastructure Project : Promoter Sadbhav Engineering acquired 2.37 lakh shares between March 18-19.

Positive for the stock. 👍

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

20th March, 2020 Morning Brief

Market will open on a flat note today after sliding to the levels of 2016. 

U.S. stock futures declined in early trade across Asia while the Dollar continued to gain, showing that the recent dash for cash is showing little signs of easing.

Markets in Australia and South Korea are trading with gains while futures in Hong Kong point to a positive open. Japanese markets are shut today on account of a holiday.

U.S. Markets edged higher on Thursday as central banks along with the government pledged support for the economic shocks from the Coronavirus pandemic.

The Dow Jones ended with gains of 1 % while the NASDAQ composite gained 2.3 % in another volatile session of trade.

🎯 News & Impact 🎯

🎯 Indiabulls Housing Finance:    Company clarifies that it has no loan outstanding from Yes Bank. Rana Kapoor and family had mortgaged a property to the company in November 2017 for a loan of Rs 285 crore. Additionally, the company had also taken a personal guarantee of Rana Kapoor and family, whose net worth at the time of taking the loan was over Rs 7,000 crore as per their holding in Yes Bank.

🎯 Tata Motors :                                  Jaguar Land Rover to temporarily suspend production in U.K. Operations at plants in Brazil and India will continue.

🎯 Hero Moto :                           Commences commercial operations of its new manufacturing facility in Chittoor.

🎯 Bandhan Bank :                                  Bank said that there have been some withdrawals in deposits from government entities which amounts to less than 1 percent of the total deposit base.

🎯 CreditAccess Grameen :                      Company has completed the acquisition of 75.64 percent stake in Madura Micro Finance.

🎯 RITES :                                                Board has decided to close its joint venture agreement with BNV Gujarat Rail.

🎯 IndInfravit Trust :                      Company has completed 100 percent acquisition in eight operational road projects of Sadbhav Infra, which has an enterprise value of Rs 6,300 crore. The acquisition of one additional road project is subject to regulatory approvals.

🎯 Bank of Baroda :                                Bank has announced zero charges on digital transactions for 3 months.

🎯 V-Mart Retail :                                Company opens three new stores in Rajasthan and Uttar Pradesh.

🎯 Syngene International :            Company has commenced operations at its new manufacturing facility at Mangalore.

🎯 Biocon :                                        Company received the EIR from the US Food and Drug Administration. 

🎯 Syngene :                                          Newly setup manufacturing facility at Mangalore SEZ has commenced operations and successfully processed the first order. 

🎯 Strides Pharma :                        Company gets USFDA nod for Triamcinolone Acetonide. 

🎯 Alankit :                                        Company proposed to acquire 14 lakh equity shares of Alankit Imaginations for Rs 47.30 per share.

🎯 ICICI Lombard Insurance :        Company has launched a dedicated insurance cover for coronavirus, in group insurance mode.                                Positive for the stock. 👍  

🎯 NCC :                                            Company promoters acquired 2 lakh shares on March 16.                          Positive for the stock. 👍 

🎯 JMC Projects :                            Company promoter Kalpataru Power Transmission acquired 72,771 shares on March 18.                                            Positive for the stock. 👍 

🎯 Hubtown :                                    Company promoter group Khilen Shah acquired 1.60 lakh shares on March 17. Positive for the stock. 👍 

🎯 Man Infra :                                  Company promoter Parag Shah acquired 1.75 lakh shares on March 18.         Positive for the stock. 👍

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ Edited by Sharp. 

19th March, 2020 Morning Brief

Market will open with another gap-down in continuation with yesterday's slide.

Stocks in Japan gained along with the Euro, while U.S. futures pared losses after the European Central Bank announced a temporary program of asset purchases worth €750 billion or $820 billion to fight the impact of the Coronavirus.

Stocks on Wall Street fell to their session lows after U.S. President Donald Trump offered few details on the specifics that the treasury secretary is discussing with the Congress.

 🎯 News & Impact 🎯 

Nifty 50: Yes Bank to be excluded, Shree Cement to be included.

Nifty Bank: Yes Bank to be excluded, Bandhan Bank to included.

 🎯 Yes Bank :

Promoter Madhu Kapur sold 2.48 crore shares at Rs 65.07 per share for Rs 161.4 crore. Her holding stake in the Bank has fallen from 17.28 crore shares to 14.8 crore. 

🎯 InterGlobe Aviation : 

IndiGo, Vistara may ground jets as virus cases pick up in India.

🎯 Ashok Leyland : 

Board approved a proposal to acquire up to an additional 19 percent stake in its NBFC-arm Hinduja Leyland Finance for Rs 1,200 crore.

🎯 Srikalahasthi Pipes : 

The company has stated that commercial operation of the company’s second furnace to produce Ferro Silicon has started.

🎯 IFB Industries :

Company has commenced commercial production to manufacture split air-conditioners from its Goa plant with effect from March 17.

🎯 Alphageo :

Company received a contract worth Rs 76.67 crore for data services from Oil India.

🎯 Karur Vysya Bank :

Company has announced the launch of its precious metals business.

🎯 Wipro : 

Company launched Microsoft business unit for digital transformation solutions.

🎯 Vakrangee : 

RBI renews the authorization issued to Vakrangee for white label ATMs till March 31, 2021.

🎯 Dr Reddy's Lab :

Company gets USFDA nod for Naloxone Hydrochloride. 

🎯 Reliance Jio :

Company got NCLT’s approval to transfer some liabilities to Reliance Industries.

🎯 Tata Investment Corporation :

Company promoter N Chandrasekaran acquired 10,000 shares on March 16.

🎯 Tata Chemicals, Tata Communication : N Chandrasekaran acquired 1 lakh shares each on March 16.

🎯 Tata Power :

Company director N Chandrasekaran acquired 2 lakh shares on March 16.

🎯 Bajaj Finance :

Company promoter Jamnalal Sons acquired 54,700 shares on March 16.

🎯 Bajaj Finserv :

Company promoter Jamnalal Sons acquired 41,000 shares on March 16.

🎯 Godrej Industries :

Company promoter Anamudi Real Estates LLP acquired 1.8 lakh shares between March 16-17.

🎯 JSW Steel :

Company promoter JTPM Metal Traders acquired 19.4 lakh shares from March 13-17.

🎯 NCC :

Company promoters acquired 1.22 lakh shares between March 13-16.

🎯 Great Eastern Shipping :

Company promoter Ravi Seth acquired 2 lakh shares from March 16-17.

🎯 Indian Hotels :

Company promoter Tata Sons acquired 2 crore shares between March 12-13.

🎯 Alembic :

Company promoter Nirayu acquired 4.27 lakh shares between March 16-17.

🎯 Nava Bharat Ventures :

Company promoters acquired 1 lakh shares on March 16.

🎯 Jindal Steel & Power :

Company promoter OPJ Trading acquired 1.5 lakh shares on March 16.

🎯 Welspun Enterprises :

Company promoter Balkrishna Goenka acquired 4.05 lakh shares on March 13.

🎯 GMR Infra :

Company promoter GMR Enterprises acquired 4.2 lakh shares from March 13-16.

🎯 Ashoka Buildcon :

Company promoter Ashish Ashok Katariya HUF acquired 1.09 lakh shares on March 16.

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

18th March, 2020 Morning Brief

Market will open with a gap-up after a volatile session yesterday. 

U.S. stock futures dropped and the yen advanced, retracing some of the previous day’s moves as traders continue to test where fundamental valuations lie amid rapidly changing news flow. U.S. stocks rebounded from the biggest rout since 1987 as the U.S. government stepped up its efforts to offset the financial damage caused by the coronavirus. The Trump administration moved to send cheques to Americans as soon as in two weeks to stave off the financial effects of an unprecedented upheaval in social interactions that looks set to plunge the world into recession.

Asian stocks were mixed, with the Sydney market down more than 4 % and Hong Kong equities opening lower, while shares in Tokyo edged higher. S&P 500 futures were about 3 % down after the index gained 6 %

🎯 News & Impact 🎯

🎯 Metropolis Healthcare, Dr. Lal PathLabs, Thyrocare Technologies :

The government urges private labs to provide virus tests at no cost. ICMR to engage high-quality private labs which are NABL accredited labs. Private labs in India yet to acquire probes to test for coronavirus and are in the process of doing so.

🎯 Tata Consumer Product : 

Mitsubishi UFJ Financial Group reduced stake from 5.6 percent to 3.59 percent on March 13.

🎯 HSIL : 

HDFC Mutual Fund reduced its stake from 5.17 % to 3.14 % on March 16.

🎯 Apollo Tyres : 

HDFC Mutual Fund increased its stake from 5.05 % to 7.05 %.

🎯 Sterling and Wilson Solar : 

Board of directors approved amalgamation of wholly-owned arm Sterling and Wilson Waaree into the company. The appointed date for the scheme set on April 1.

🎯 Alkem Laboratories :

Company clarified that an individual has contested against the company for breaching provisions of the Competition Act, 2002 for indulging in anti-competitive practices.

🎯 M&M :

The company acquired around 5 percent of the share capital of Eurl LD Azouaou, Algeria ('LDA').

🎯 Vakrangee : 

Company introduced vHealth by Aetna primary care services through its network of Vakrangee Kendras.

🎯 Cambridge Technology : 

Company to sell subsidiaries to Tumuluru Sreenivasa Sastry & Prashanth Kumar Mettu.

🎯 Reliance Naval & Engineering :

Company has received a termination and evacuation notice from Gujarat Pipavav Port for termination of sub-concession agreement executed for land parcels owned by the Gujarat Maritime Board and sub-leased by Gujarat Pipavav Port to the company for shipbuilding activity.

Negative for the stock. 

🎯 Wipro : 

Gets deal to implement core banking solution for Canara Bank sponsored Regional Rural Bank.

🎯 NCC :

Company promoters acquired 15.75 lakh shares between March 11-13. 

Positive for the stock. 👍 

🎯 Great Eastern Shipping :

Company promoter Ravi Seth acquired 1.1 lakh shares on March 13. 

Positive for the stock. 👍 

🎯 Welspun India :

Company promoter Welspun Group Master Trust acquired 9.36 lakh shares on March 13. 

Positive for the stock. 👍 

🎯 JMC Projects :

Company promoter Kalpataru Power Transmission acquired 92,801 shares between March 13-16. 

Positive for the stock. 👍 

🎯 Ramkrishna Forgings :

Company promoter Riddhi Portfolio created a pledge of 14.5 lakh shares on March 12.

Negative for the stock. 

🎯 Arvind :

Company promoter Aura Securities revoked 42.5 lakh pledged shares on March 16. 

Negative for the stock. 

🎯 AGC Networks :

Company promoter Onir Metallics revoked 43 lakh pledged shares on February 28. 

🎯 Aurobindo Pharma :

Company promoter K Nityananda Reddy created a pledge of 20.58 lakh shares between March 12-13. 

Negative for the stock. 

🎯 Emami :

Company promoters created a pledge of 1.5 crore shares between March 11-13. 

🎯 Ajanta Pharma :

Company promoter Aayush Agrawal created a pledge of 2.2 lakh shares on March 16. 

🎯 DB Corp :

Company promoter DB Consolidated created a pledge of 36.52 lakh shares on March 16.

🎯 Adani Green Energy :

Company promoter SB Adani Family Trust created a pledge of 79 lakh shares on March 16.

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

17th March, 2020 Morning Brief

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

U.S. futures advanced and the yen slid in volatile trading after the biggest slide in Wall Street stocks since 1987. Japan’s share benchmark swung from a loss of 3 percent to a gain of as much as 1.7 percent. Australia rose, while Korea was down.

The S&P 500 Index sank 12 percent Monday, erasing its gain for 2019, after President Donald Trump warned of a possible recession, with economic disruption from the coronavirus potentially extending into summer.

🎯 News & Impact 🎯 

🎯 Grasim Industries : 

The Competition Commission of India imposed penalty of Rs 301.6 crore with respect to its domestic man-made fibre turnover.

🎯 Reliance Industries : 

Saudi Aramco CFO says due diligence is underway for a potential deal with the company.

🎯 Sadbhav Infrastructure Project :

Company gets Rs 457.7 crore as a tranche payment in connection with a sale of seven operational projects to IndInfravit Trust. Overall the company’s infra arm has received 1291 crore units worth Rs 724.3 crore from the trust.

🎯 Lasa Supergenerics :

Company in collaboration with the Institute of Chemical Technology announced commencement for development of antiviral drugs for the treatment of Coronavirus.

🎯 CSB Bank : 

Board approved a proposal to merge 19 branches of the Bank with the nearest branches of the Bank, with the intention of reducing overall costs and improving productivity.

🎯 India Cements : 

Radhakishan Damani increased stake from 11.98 percent to 16 percent from February 27 to March 16.

🎯 Titagarh Wagons :

Company said that operations of its Italian arm have been severely affected and the affected arm will temporarily suspend operations for 15 days as per the guidance of the Italian government to combat the spread of the Coronavirus.

🎯 Delta Corp :

Company to close casinos operated by the company and its arms in Goa until March 31, as per Goa government directions in order to prevent the spread of the Coronavirus.

Negative for the stock. 

🎯 Wockhardt :

Company promoter Themisto Trustee created pledge of 33.75 lakh shares between March 12-13. 

Negative for the stock. 

🎯 Adani Enterprises :

Company promoter SB Adani Family Trust created pledge of 2.73 crore shares between March 11-12. 

Negative for the stock. 

🎯 Fortis Malar Hospitals :

Hospital promoter Fortis Hospitals revoked pledge of 56.22 lakh shares on March 13. 

Positive for the stock. 👍 

🎯 Future Retail :

Company promoter Future Corporate Resources created pledge of 20 lakh shares on March 12.

Negative for the stock. 

16th March, 2020 Morning Brief

Market will open with a gap-down tracking global panic over covid19.

U.S. equity futures tumbled at the start of another volatile week as investors responded to a rapidly escalating economic hit from the coronavirus and a massive emergency move by the Federal Reserve to ease policy.

Futures on the S&P 500 Index fell about 5 percent, hitting limits on trading after stocks climbed more than 9 percent on Wall Street Friday -- recouping most of their 10 % plunge the previous day. 

The yen soared after the Fed cut its key interest rate by a full percentage point to near zero and said it will boost its bond holdings by $700 billion.

Australian equities were about 5% lower, while the Reserve Bank of Australia said it stands ready to buy bonds, sending yields tumbling.

🎯 News & Impact 🎯 

New Listing : 

SBI Cards and Payment Services

🎯 Yesbank :

Yes Bank reported a loss of Rs 18,564 crore in December quarter, gross NPAs shot up to 18.87 percent versus 2.10 percent, YoY. 

Cabinet approved the reconstruction scheme by RBI. SBI will invest for a 49 percent stake in the Bank, with a three-year lock-in period. Authorized capital increased from Rs 1,100 crore to Rs 6,200 crore. Lock in for SBI will be 26 % and for other investors, lock-in will be 75 % of the investment.

ICICI Bank : To invest Rs 1,000 crore by purchasing 100 crore shares at a price of Rs 10 per share. Its shareholding will be in excess of 5 percent.

HDFC : To invest Rs 1,000 crore by purchasing 100 crore shares at a price of Rs 10 per share. Its shareholding will be in excess of 5 percent.

Axis Bank : To invest Rs 600 crore by purchasing 60 crore shares at a price of Rs 10 per share.

Kotak Mahindra Bank : To invest Rs 500 crore by purchasing 50 crore shares at a price of Rs 10 per share.

Federal Bank : To invest Rs 300 crore by purchasing 30 crore shares at a price of Rs 10 per share.

🎯 Fertilizer stocks :

Government to provide additional Rs 350 per metric tonne as fixed costs to 30 urea units. Certain units, which are old but still producing urea, to get an additional Rs 500 per metric tonne as a fixed cost.

🎯 Transformers and Rectifiers : 

Gets order for the supply of transformers worth Rs 130 crore from Power Grid Corporation.

🎯 Wipro :

Company announces a global strategic partnership with Plexis Healthcare to provide digital solutions in the healthcare industry.

🎯 RITES :

Company secured consulting orders of Rs 60 crore from the Government of Kerala.

🎯 Ind-Swift Laboratories :

Company received Form 483 with zero observations from the U.S. FDA for its API facility in Punjab.

🎯 PVR :

Company opens four new screens in Indore.

🎯 Infosys :

Company completes the acquisition of Simplus - a leading salesforce consulting and platinum partner.

🎯 Wipro : 

Company and PLEXIS Healthcare Systems ink global strategic partnership to accelerate digital transformation for healthcare payers.

🎯 UFO Moviez :

Company promoter Apollo International created pledge of 12 lakh shares on March 12. 

Negative for the stock. 

🎯 Delta Corp :

Company promoter Aarti Pandit created pledge of 35 lakh shares between March 12-13. 

Negative for the stock. 

🎯 Gati :

Company promoter Mahendra Investments created pledge of 2.86 lakh shares on March 9. 

Negative for the stock. 

🎯 Sun Pharma Advanced Research :

Company promoter Raksha Valia revoked pledge of 31 lakh shares on March 11. 

Positive for the stock. 👍 

🎯 Alembic Pharma :

USFDA issued a Form 483 with four procedural observations. 

🎯 Zota Health Care :

Company received patent certificate for an invention entitled "A Synergistic Oral Pharmaceutical composition for effective treatment of Liver diseases" from the Government of lndia, the Patent Office. 

🎯 JSW Energy :

Company promoters created pledge of 3.75 crore shares between March 9-11. 

Negative for the stock. 

🎯 Future Retail :

Company promoter Future Corporate Resource created pledge of 37.56 lakh shares on March 11.

Negative for the stock.

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ 

Edited by Sharp. 

13th March, 2020 Morning Brief

Another nose-dive opening can be witnessed today after a historical fall in terms of points seen yesterday.

Stocks tumbled in Asia early Friday following the worst Wall Street session since 1987, with investors spooked that emergency fiscal and monetary packages won’t be enough to stave off a recession.

Japanese equities plunged 6 percent and Korean stocks sank 7 percent, triggering a trading halt Futures on the S&P 500 dipped.

U.S. equities tumbled 8 %, extending losses after a 15-minute NYSE-mandated halt.

European stocks collapsed 10 % in the biggest rout since 2008.

Oil is on track for its biggest weekly decline since 2008 as the coronavirus pandemic wreaks havoc on fuel demand and threatens global economic stability.

🎯 News & Impact 🎯

🎯 Yesbank :                                               SBI approved an investment of Rs 7,250 crore in Yes Bank Ltd.Its stake in Yes Bank will remain under 49 percent of the paid up capital of the bank.

🎯 Wipro :                                          Company to co-develop solutions with SAP for retail and fashion industry.

🎯 IIFL Finance :                                Company received NBFC license from RBI on March 11. Merger of its NBFC arm India Infoline Finance with the company will be effective by March 31.

🎯 KPI Global Infrastructure :        Company signed a power purchase agreement with Songwon Speciality Chemicals for sale of 1 million-watt solar power for a period of 15 years.

🎯 Astra Zeneca Pharma :               Company received import and market permission from Drugs Controller General of India for Calquence drug, used for the treatment of leukaemia.

🎯 Indian Hotels :                            Promoter Tata Sons acquired 1.66 crore shares (1.39 %) at Rs 107.4 per share. Positive for the stock. 👍 

🎯 Tata Motors DVR :                      Promoter Tata Sons acquired 1.85 crore shares (3.64 %) at Rs 43.15 per DVR share. Positive for the stock. 👍 

🎯 Tata Power :                                Promoter Tata Sons acquired 1.39 crore shares (0.51 %) at Rs 38.72 per share. Positive for the stock. 👍 

🎯 Tata Steel :                                  Promoter Tata Sons acquired 77.4 lakh shares (0.69 %) at Rs 287.44 per share.Positive for the stock. 👍 

🎯 Sun Pharma :                              Company promoter Raksha Valia released pledge of 4.5 lakh shares on March 11. 

🎯 JSW Steel :                                  Company promoter JSW Techno Projects created pledge of 1 crore shares from March 5-6.                                          Negative for the stock. 

🎯 Max Financial Services :            Company promoter Max Ventures Investment revoked pledge of 19 lakh shares on March 9.                            Positive for the stock. 👍 

🎯 JSW Energy :                              Company promoters created pledge of 3.24 crore shares from March 5-11. Negative for the stock.

🎯 Max India :                                  Company promoter Max Ventures Investment revoked pledge of 28.54 lakh shares on March 9.                            Positive for the stock. 👍

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

12th March, 2020 Morning Brief

Market will open with a nose dive today after yesterday's flat session.

A global equity rout deepened in Asia on Thursday after a renewed sell-off in U.S. equities, with investors concerned by a lack of clarity from the Trump administration on a coronavirus stimulus package. Shares in Japan sank and Australian equities extended recent losses, getting little respite from that nation’s stimulus package. Early gains for American equity futures fizzled as investors awaited a press conference from President Donald Trump.

The latest bout of virus-fomented turmoil tipped Dow Jones Industrial Average into a bear market, ending the longest bull run in the history of American equities. The S&P 500 dipped into bear territory before closing 19 % below its high.

March 12: India to report CPI inflation data for February and industrial production for January. March 12-15: India to report trade deficit data for February.

🎯 News & Impact 🎯 

🎯 SBI :

The bank has waived its minimum average monthly balance for all savings bank account and has also waived off SMS charges which were levied on a quarterly basis.

🎯 Biocon, Sanofi India : 

Biocon has won a U.S. court ruling that invalidated a Sanofi patent for insulin glargine device patent in U.S., company said in its press release that a key legal hurdle to commercialize Semglee (insulin glargine) co-developed by Mylan, has been removed. New drug application for Semglee is under active review by U.S. FDA. with the target action date for the application in June. 

🎯 KPIT Technologies :

Company has entered into an agreement with Vayavya Labs to acquire a 100 percent stake in the target company for Rs 41.8 crore.

🎯 SMS Pharmaceuticals :

Company received zero observations with the receipt of the establishment inspection report by U.S. FDA. for inspection at the company’s API facility in Andhra Pradesh. This facility predominantly caters regulated markets including the U.S. 

🎯 Hikal :

Company clarified that the company’s Mahad unit has been operating normally and there is no closure yet.

🎯 Varun Beverages :

PepsiCo to acquire energy drink maker Rockstar Energy in a $3.85 billion deal.

🎯 KPIT Technologies : 

Company to buy 78.5% stake in Vayavya Labs for Rs 24.56 crore.

🎯 United Bank of India : 

Trading of shares of the Bank to be suspended with effect from March 23, on account of amalgamation of the Bank with Punjab National Bank. 

🎯 Syndicate Bank : 

Trading of shares of the Bank to be suspended with effect from March 20, on account of amalgamation of the Bank with Canara Bank.

🎯 IndusInd Bank : 

Non-disposal undertaking of pledge shares has now been revoked. Promoters of the bank had pledged 3.43 percent stake in favour of Citibank.

🎯 Welspun Enterprises : 

Promoter Welspun Group Master Trust acquired 17.1 lakh shares (1.15 %) at Rs 73.55 each.

Positive for the stock. 👍 

🎯 LT Foods :

Company promoter Raghuvesh Holdings created pledge of 38.91 lakh shares on March 9. 

Negative for the stock. 

🎯 Adani Ports & SEZ :

Company promoter SB Adani Family Trust created pledge of 28.3 lakh shares on March 9. 

Negative for the stock. 

🎯 Adani Transmission :

Company promoter SB Adani Family Trust created a pledge of 16.5 lakh shares on March 9.

Negative for the stock. 

🎯 Godrej Industries :

Company promoter Anamudi Real Estates acquired 76,500 shares from March 6-9. 

Positive for the stock. 👍 

🎯 Future Enterprises :

Company promoter Central Departmental Stores acquired 20.6 lakh shares from March 6-9. 

Positive for the stock. 👍 

🎯 Aarti Industries :

Company promoters sold 1.25 lakh shares on March 9. 

Negative for the stock. 

🎯 PVR :

Company promoter and director Ajay Bijli acquired 11,898 shares on March 9.

Positive for the stock. 👍 

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

11th March, 2020 Morning Brief

Market will open resuming its downside with a gap-down after yesterday’s holiday. 

U.S equity futures retreated with Treasury yields as investors awaited details from the Trump administration on planned stimulus measures to counter the coronavirus impact. Asian equities were mixed and the oil price surged, with no clear trigger.

Shares in Japan edged up, while declines resumed in Korea and Australia. 

U.S. Market rallied back from the worst rout since the financial crisis on expectations the Trump administration will implement stimulus measures to counter the economic impact from the coronavirus. 

Oil bounced back from its biggest plunge in 29 years on hopes the U.S. government will intervene to shield against the fallout of the coronavirus and a producer battle for market share.

🎯 News & Impact 🎯 

🎯 ABB India : 

The board has approved the proposal to sell the company’s solar inverter business to the group’s wholly-owned Italian arm ‘Fimer’ for Rs 100.6 crore. The business transfer agreement will be effective from April 1.

🎯 Tata Steel : 

Tata Steel Europe is planning to cut 1,250 jobs as it faces “challenging circumstances” and “needs to urgently improve profitability”, said a Reuters report. 

🎯 Biocon : 

The U.S. FDA has accepted the biologics license application for Mylan’s Avastin, which is used for cancer treatment, according to a Bloomberg report.

Narayana Hrudayalaya said that the company has agreed for non-extension of the contract with Karnataka Chinmaya Seva Trust to operate a heart centre in Bengaluru.

🎯 Firstsource Solutions : 

HDFC Mutual Fund increased its stake from 5.03 percent to 7.03 percent, on March 6.

🎯 HBL Power Systems :

Company received order worth Rs 155 crore technology solutions to Railways and the Indian Navy. The company also received export orders of $3.6 million dollars for the supply of Lithium Thermal Batteries.

🎯 Infosys :

Infosys has joined the Qualcomm Smart Cities Accelerator Program to offer end-to-end solutions for smart stadiums, smart venues and smart event management, the company said in an exchange filing.

Company said that it has completed the process of dissolution of its minority stake in Waterline Data.

🎯 Shriram Transport Finance : 

The Enforcement Directorate imposed a penalty of Rs 5 crore for contraventions in forex markets, and penalty of Rs 1.5 crore on three persons, the then directors of Shriram Holdings (Madras).

🎯 Wonderla Holidays : 

In the view of emerging cases of coronavirus in Kerala, the company has decided to temporarily close Kochi Park between March 11-20.

🎯 Asian Paints :

Company promoter Geetanjali Trading & Investments released pledge of 1.40 crore shares from March 3-9. 

🎯 Uflex promoters created pledge of 5.35 lakh shares on March 7. 

🎯 Max Financial Services :

Company promoter Max Ventures Investment created pledge of 12.79 lakh shares from March 5-6. 

🎯 Ganesha Ecosphere :

Company promoters released pledge of 22.8 lakh shares on March 4. 

🎯 Max India :

Company promoter Max Ventures Investment created pledge of 74.47 lakh shares on March 5.

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

9th March, 2020 Morning Brief

Market will open with a gap-down on a global panic.

Oil prices crashed, equities plunged and sovereign bond yields slumped after crude producers launched a price war, an additional disruption to a global economy already struggling thanks to the coronavirus.

 Oil markets tumbled more than 30 percent after the disintegration of the OPEC+ alliance triggered an all-out price-war between Saudi Arabia and Rossi 6a that is likely to have sweeping political and economic consequences.

U.S. stocks staged a furious rally in the final hour of trading on Friday that cut in half a rout that reached 4 percent and left the S&P 500 higher after a tumultuous week dominated by fear the spreading coronavirus will upend global growth.

🎯 News & Impact 🎯

🎯 Yesbank :

The Enforcement Directorate (ED) arrested Yes Bank's former MD & CEO Rana Kapoor on charges of money laundering under PMLA Act.

🎯 SBI, Yes Bank : 

SBI will acquire a 49 % stake in Yes Bank and make an initial investment of Rs 2,450 crore.

Positive for Yesbank. 

🎯 IndusInd Bank : 

Board meeting to raise funds has been deferred in view of the current market conditions and as the bank is adequately capitalized at present.

🎯 Indiabulls Housing Finance : 

Exposure to Yes Bank’s AT-1 bonds is close to Rs 662 crore.

🎯 SMS Pharma :

USFDA completes inspection with zero observation. 

🎯 BPCL : 

DIPAM uploaded EoI for selling government’s entire stake in BPCL. Government will carve out BPCL’s 61.65 percent stake in Numaligarh Refinery Ltd. to a CPSE and that won’t be a part of the divestment.

🎯 Hikal : 

Company said that it has received a notice from the Maharashtra Pollution Control Board (MPCB) for the closure of its Mahad Unit based on a complaint received from the local community in Taloja.

🎯 Natco Pharma : 

Company received one observation for its formulation facility at Kothur by the U.S. FDA, who had completed pre-approval inspection from March 2-6.

🎯 Novartis : 

Company received demand notice for Rs 169.52 crore from the income tax department.

🎯 PTC India : 

Company received projects worth Rs 75 crore for its consulting business from EESL.

🎯 Gayatri Projects : 

Received Rs 44 crore from a settlement of its claim related to a NHAI project.

🎯 Granules India : 

Released pledge of 1.28 crore shares on March 5. 

Negative for the stock. 

🎯 Future Retail : 

Promoter Future Corporate Resources created pledge of 1.6 crore shares from March 4-5. 

Negative for the stock. 

🎯 Sadbhav Engineering : 

Promoter created pledge on additional 0.42 percent stake. 

Negative for the stock. 

🎯 GMR Infra : 

Promoter created pledge on additional 0.43 percent stake. 

Negative for the stock. 

🎯 Adani Transmission : 

Promoter created pledge on additional 0.11 percent stake. 

Negative for the stock. 

🎯 Adani Green Energy : 

Promoter created pledge on additional 0.16 % stake.

Negative for the stock. 

🎯 Max India : 

Promoter created additional pledge on 2.76 % stake.

Negative for the stock.

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

6th March, 2020 Morning Brief

Market will open with a gap-down after a pullback rally witnessed in last few sessions.

The sell-off in global stocks resumed in Asia Friday as optimism about fiscal packages round the world to address the blow from the coronavirus evaporated.

U.S. stocks tumbled as volatility sparked by the spread of the coronavirus woes continued to grip financial markets.

SBI Cards and Payment Services IPO subscribed 26.5 times. Retail investors subscribed 2.5 times. Institutional investors subscribed 57 times. 

Antony Waste Handling IPO gets 13 percent demand on the second day of sale, offer to close March 6.

🎯 News & Impact 🎯 

🎯 Yes Bank : 

The Government of India placed the lender under moratorium and capped withdrawals for a month, while the Reserve Bank of India superseded the board of the private lender citing a steady decline in its financial position.

Negative for the stock. 

🎯 State Bank of India : 

The board of directors of government-owned lender have given an in-principle approval to explore investment opportunity in Yes Bank Ltd., according to a statement filed with stock exchanges.

🎯 Dr. Reddy :

Company’s Laboratories received three Form 483 observations for active pharmaceutical ingredient manufacturing plants at Telangana by U.S. FDA. 

🎯 Lupin :

Company has launched the authorized generic version of Vimovo tablets, used for the treatment of arthritis and ulcers. 

🎯 Reliance Industries :

Company acquired 37.7 % stake in Alok Industries for Rs 250 crore.

🎯 Agro Tech Foods : 

The board approved an increase in royalty payments from 1.6 % to 2.5 % of net proceeds of sales for all products under ‘Act-II’ brand with its holding company Conagra Foods RDM.

🎯 HCC : 

Default in loans stand at Rs 622.27 crore and total financial indebtedness to the bank and financial institutions stand at Rs 3,182.74 crore, as on Feb. 29.

🎯 Cipla : 

LIC has increased its stake in the company from 2.5 % to 4.52 %. 

🎯 Lemon Tree Hotels :

Company has signed a license agreement for a 62-room hotel at Agra. 

🎯 Orient Refractories : 

The NCLT has disapproved of a scheme of amalgamation between the company and RHI India and RHI Clasil.

Negative for the stock. 

🎯 Pidilite Industries :

Company has incorporated a joint venture company ‘Pidilite C-Techos Walling’ to carry on the business of construction of building works, manufacturing of ACC panels and other ancillary products. The Company will hold a 60 % stake in the venture.

🎯 Ester Industries : 

The board has approved an expansion plan of setting up a new BOPET film line in India, with a proposed capacity expansion of 48,000 MTPA and a capital outlay of Rs 500 crore.

🎯 Tata Chemicals :

Company promoter Tata Sons acquired 30 lakh shares from Feb. 28 -March 3. 

🎯 Aarti Industries :

Company promoter Chandrakant Gogri sold 1.3 lakh shares on March 4. 

🎯 GMR Infra :

Company promoter GMR Enterprises acquired 38.24 lakh shares on March 2. 

🎯 Nath Bio-Genes :

Company promoter Akash Farms LLP acquired 20 lakh shares on Feb. 28
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ 

Edited by Sharp. 

5th March, 2020 Morning Brief

Market will open on a positive note today.

Asian stocks extended a global equity rally after an emergency U.S. spending bill to combat the impact of the coronavirus added to signs of support from policy makers around the world.

Equities in Japan and Australia opened more than 1 percent higher, with regional shares set for a fourth day of gains. U.S. futures dipped. 

U.S. stocks surged to the second 4 percent rally in three days after Congress authorised nearly $8 billion for virus prevention and investors warmed to Joe Biden’s ascendant candidacy.

SBI Cards and Payment Services IPO subscribed 15.5 times. Retail investors subscribed 1.77 times. Institutional investors subscribed 56.66 times.

Antony Waste Handling IPO gets 9 percent demand on the first day of sale.

🎯 News & Impact 🎯 

🎯 Allcargo Logistics :

Company received SEBI approval for its open offer to acquire 26 % stake in Gati.

🎯 HDFC :

Company reduced its retail prime lending rate on housing loans by 5 basis points, which will under effect from March 9.

🎯 Max Financial Services :

Company’s Board approved Mitsui Sumitomo to acquire 21.87 percent stake in the company through a share swap.

Positive for the stock. 👍

🎯 Maruti Suzuki :

Company said that it has partnered with HDB Financial Services to provide car loans.

🎯 L&T : 

Construction and engineering major Larsen & Toubro (L&T) is set to reduce its debt by Rs 30,000 crore in the next financial year by selling its entire stake in L&T Infrastructure Development Projects (IDPL) and Nabha Power, and transferring its stake in Hyderabad Metro to an infrastructure investment trust (InvIT). 

Positive for the stock. 👍 

🎯 Reliance Industries :

Company acquires 100 % stake in Shri Kannan Departmental Store Pvt. Ltd. for a consideration of Rs 152.5 crore. SKDS currently operates 29 stores across Coimbatore and nearby areas with a retail area of over 6 lakh sq. ft.

🎯 GAIL India, Oil India : 

The government has detached public sector undertakings from a Supreme Court order that sought Rs 1.47 lakh crore from telecom companies as adjusted gross revenue dues, according to Minister of State for Communications Sanjay Dhotre's reply in Parliament.

🎯 Varroc Engineering :

Company's Netherlands subsidiary Aries Mentor Holding B.V. merged with subsidiary company VarrocCorp Holding B.V. 

🎯 Commercial Engineers :

Company has successfully completed the first rake comprising of 58 wagons of the order received from Ministry of Railways, to supply 500 wagons. 

🎯 Electrosteel Castings :

Company promoter G.K. Sons sold 3.5 lakh shares on March 2. 

Negative for the stock. 

🎯 Filatex India :

Company promoter Gunjan Bhageria acquired 1.25 lakh shares on March 3. 

Positive for the stock. 👍 

🎯 Greenply Industries :

Company promoter group S.M. Management acquired 1 lakh shares from March 3-4. 

Positive for the stock. 👍 

🎯 Axis Bank :

Company promoter United India Insurance acquired 55,000 shares from March 2-3. 

🎯 GMR Infrastructure : 

Promoter group acquired 38 lakh shares via open market on March 2.

Positive for the stock. 👍 

🎯 LT Foods :

Company promoter Raghuvesh Holdings acquired 94,000 shares on March 3. 

Positive for the stock. 👍 

🎯 Persistent Systems :

Company promoter Rama-Purushottam Foundation sold 1.82 lakh shares from Feb. 17-18.

Negative for the stock.

✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒

Edited by Sharp. 

4th March, 2020 Morning Brief

Market will open on a positive note today.

U.S. stock futures retraced a slice of Tuesday’s sharp decline, and the yen dipped as investors took in early Super Tuesday election results in the U.S. alongside the Federal Reserve’s emergency interest-rate cut.

Asian stocks were mixed, with Japan and Hong Kong flat, Korea up, and China and Australia down.

🎯 News & Impact 🎯 

🎯 Hindustan Aeronautics :

Company said that it has received notice from International Court of Arbitration on request for arbitration from RUAG Aerospace Services GMBH.

🎯 Raymond :

Company received sanction from NCLT Mumbai for the reorganization and consolidation of its FMCG Business and appointed date for the scheme has been fixed as Dec. 1, 2018. New consolidated entity Ray Universal Trading will be converted into a public company and renamed as Raymond Consumer Care.

🎯 Newgen Software Technologies :

Company received a patent for Mark Detection System and Methodology from the U.S. Patent Office.

🎯 GTPL Hathway : 

Promoter Jio Content Distribution Holdings reduced stake from 4.48 percent to 0.64 percent in the company on Feb. 28 via offer for sale.

🎯 Monnet and Ispat Energy :

Company said that integrated operations at its Raigarh Plant have restarted with effect from March 2.

🎯 Reliance Capital : 

Axis Capital Trustee Services increased stake via share pledge from 16.5 percent to 21.42 percent on Feb. 26.

🎯 HFCL : 

Received purchase order worth Rs 196 crore from L&T for supply of optical fibre cables for construction of Telangana Fiber Grid.

🎯 Tech Mahindra : 

To sell its Netherland based subsidiary – Terra Payment Services (Netherland) BV – for an upfront payment of $9 million and a bonus payout of $13.8 million subject to certain conditions.

🎯 Sun Pharma :

Company promoter Shanghvi Finance acquired 19.8 lakh shares on March 3. 

Positive for the stock. 👍 

🎯 Filatex India :

Company promoter Gunjan Bhageria acquired 1.5 lakh shares on Feb. 28. 

Positive for the stock. 👍 

🎯 LT Foods :

Company promoter Raghuvesh Holdings acquired 1 lakh shares on March 2. 

Positive for the stock. 👍 

🎯 V2 Retail :

promoter V2 Conglomerate acquired 53,000 shares on Feb. 28. 

Positive for the stock. 👍 

🎯 Bajaj Auto :

Company promoter Jamnalal Sons acquired 1.07 lakh shares on March 2. 

Positive for the stock. 👍 

🎯 IDFC First Bank :

Company promoter IDFC Financial Holding acquired 80 lakh shares on March 2. 

Positive for the stock. 👍 

🎯 Adani Green Energy :

Company promoter Adani Trading Services created pledge of 1.8cr shares from Feb. 26-28. 

Negative for the stock. 

🎯 JSW Steel :

Company promoter Sahyog Holdings created pledge of 11.2 lakh shares on Feb. 26. 

Negative for the stock. 

🎯 DB Corp :

Company promoter DB Consolidated created pledge of 26 lakh shares on Feb. 28. 

Negative for the stock. 

🎯 Future Consumer :

Company promoter Future Consumer Enterprises Employees Welfare Trust created pledge of 1.1cr shares on Feb. 29.

Negative for the stock. 

3rd March, 2020 Morning Brief

Market will open with a gap up today after a volatile session yesterday.

Japanese stocks surrendered gains and U.S. futures came off their highs Tuesday after a wave of initial enthusiasm about central banks kicking into gear to protect the global economy from the hit of the coronavirus.

U.S. stocks surged the most in fourteen months as investors gained confidence that stewards of the world’s largest economies would act in concert to offset any impact from the spreading coronavirus.

🎯 News & Impact 🎯

🎯 Infosys :

Company has paid compounding fees of Rs 6 lakh for certain alleged offences that pertain to matters relating to the severance agreement executed with a former Chief Financial Officer in October 2015.

🎯 Torrent Power : 

Maharashtra State Electricity Distribution Company has handed over Shil, Mumbra and Kalwa divisions and its operations to the company.

🎯 Parag Milk Foods :

Company clarified that promoters have pledged 1.87 crore shares with Kotak Mahindra Investments as on date.

Negative for the stock. 

🎯 Newgen Software Technologies :

Company secured a patent for a system and method for automatic quality assessment of digital documents.

🎯 Mahindra Lifespace Developers : 

The Ministry of Commerce and Industry has granted approval to the company’s arm MWCDL for partial de-notification of 55.90 hectares in the non-processing area.

🎯 Ingersoll Rand :

Company said that it has completed the merger of its industrial segment business with Gardner Denver Holdings on Feb. 29.

🎯 Kohinoor Foods : 

Consortium lenders Oriental Bank of Commerce and IDBI Bank have served notice under the SARFAESI Act.

🎯 Tilak Nagar Industries :

Company defaulted in payment of term loan worth Rs 15 crore.

🎯 Man Industries : 

The company has received new export orders worth Rs 450 crores. With this the total unexecuted order book of the company stands at Rs 2,000 crores to be executed in 8 to 9 months.

🎯 NCC : 

The company said it has won one new order for Rs 85 crore (exclusive of GST) in February, 2020, and during the month one order for Rs 1,550 crore pertaining to NBCC, Nauroji Nagar, New Delhi has been reinstated after Delhi High Court Judgment. 

🎯 DB Realty :

Company defaulted in payment of inter-corporate deposit worth Rs 85.05 crore, which was due on Feb. 1.

🎯 Reliance Capital :

Company defaulted on term loan on January 31, 2020 due to HDFC and Axis Bank.

🎯 Filatex India :

Company promoter Anu Bhageria acquired 1lakh shares on Feb. 27. 

Positive for the stock. 👍 

🎯 LT Foods :

Company promoter Raghuvesh Holdings acquired 98,000 shares on Feb. 28.

Positive for the stock. 👍 

2nd March, 2020 Morning Brief

Market will open with a gap up today. 

Equities began Monday reversing early declines in wild trading amid signs of support from central banks following the recent rout in global stocks. Losses in sovereign bond yields eased.

Japanese stocks reversed losses after the Bank of Japan moved to take efforts to try and stabilize markets. Chinese shares saw the bulk of gains and futures on the S&P 500 futures climbed. The Federal Reserve on Friday said that it’s open to easing policy.

🎯 News & Impact 🎯                          Markit India manufacturing PMI data for February to be released.                            RBI to hold third long-term repo auction. 

🎯 New IPO :                                                SBI Cards and Payments Services.      Issue Date: March 2-5.                            Price Band: Rs 750-755.            Subscription recommended. 

February Auto Sales (YoY)

Maruti Suzuki

• Total sales down 1.1 percent to 1,47,110 units (Estimate: 1,46,045 units)
• Total domestic vehicle sales down 3.6 percent to 1.36,849 units.
• Exports up 7 percent to 10,261 units.

M&M Auto

• Total sales down 42 percent to 32,476 units (estimate: 47,050 units).
• Total domestic sales down 42 percent to 30,637 units.
• Exports down 40 percent to 1,839 units.

Tata Motors

• Total sales down 32 percent to 40,634 units (Estimate: 44,772 units)
• Total domestic sales down 34 percent to 38,002 units.
• Total commercial vehicle sales down 33 percent to 28,086 units.
• Total passenger vehicle sales down 31 to 12,430 units.

Eicher Motors-VECV

• Total sales down 29 percent to 4,586 units.

🎯 Dr. Reddy :                                              Dr Reddy's Laboratories said that the U.S. Food and Drug Administrator Investigator has revised Form 483 with just one observation.

🎯 NTPC :                                          Company said that 800 MW Unit 1 of Darlipalli Super Thermal Power Station Stage-I is declared open for commercial operation.

🎯 Affle India :                                  Company acquired mobile advertising technology company Mediasmart and Calle García de Paredes for a cash consideration of €5.12 million.

🎯 MOIL :                                                Prices of various types of Manganese ores reduced by 5-10 percent.