1st March 2021, Morning Brief

Market will open with a gap-up today after forming new lows after 2nd February.

Dow Futures are trading with 200+ points' gain in the morning. 

The tech-heavy Nasdaq index rallied in choppy trading on Friday, even as sentiment remained fragile after the index's worst performance in four months the day before as fears of rising inflation kept U.S. bond yields near a one-year high.

Gross domestic product grew 0.4% in October-December compared with the same period a year earlier, data released by the National Statistics Office on Friday showed. That compared with revised contractions of 7.3% in July-September and 24.4% in April-June.

🎯 News & Impact 🎯 

🎯 Indian Oil Corporation : 

Approves capital investment worth Rs 32,946 crore to expand capacity of its Panipat Refinery to 25 MMTPA from 15 MMTPA along with installation of Polypropylene Unit and Catalytic Dewaxing unit. The project is expected to be commissioned by September 2024. The expanded capacity will not only improve the operational flexibility of the refinery but also improve margins and de-risk the company's conventional fuels business. 

🎯 Tata Motors : 

At JLR's analyst day, the company says that it remains committed to consistent, competitive, cash accretive growth and to deleverage the business. JLR also said that it will cut its manufacturing capacity by 25% over five years and write off investments in products it has decided to scrap under new CEO Thierry Bollore. JLR will take a non-cash charge of about 1 billion pounds in the quarter ending March related to higher previous spending and projects it won't complete. It also said that it will introduce six fully electric Land Rover variants in the next five years. It aims to have all of its Jaguar models and 60% of Land Rovers sold to be zero-emission vehicles by 2030.

🎯 Reliance Industries : 

Reliance Strategic Business Ventures which is a wholly-owned subsidiary of the company has now acquired a majority stake in SkyTran for a total consideration of $26.7 million. Reliance's stake in the SkyTran now stands at 54.46% on a fully-diluted basis. The company had earlier held 26.3% stake in SkyTran.

🎯 Ashok Leyland : 

The company has hired bankers to evaluate a possible merger of its U.K. subsidiary Switch Mobility with a Special Purpose Acquisition Company, Bloomberg reported citing a Sky News report, citing people familiar with the matter. The plan for a merger of Switch Mobility with a blank-cheque company in New York is at a preliminary stage and can value the company at up to $2 billion. A potential capital increase is another option being considered for the EV maker, according to the Sky News report. 

🎯 APL Apollo Tubes : 

Board approves merger of Shri Lakshmi Metal Udyog and Apollo Tricoat Tubes with itself. Minority shareholders to receive one share of APL Apollo for every one share of Apollo Tricoat. Appointed date for merger is set at April 1, 2021 and is expected to be closed in the third quarter of FY22. Simplification of group structure, ability to offer innovative products resulting in higher margins and a stronger balance sheet with lower cost of capital were highlighted as some of the rationale behind the merger. APL Apollo has termed the transaction to be EPS and margin accretive.

🎯 Aurobindo Pharma : 

Approves transfer of business undertaking comprised in Unit-10, on a going concern basis, to APL Healthcare Ltd., a wholly-owned subsidiary. Unit-10 is engaged in the business of manufacturing oral formulations in Andhra Pradesh. The transfer will be done for a lumpsum consideration of Rs 1,091.98 crore and is expected to be completed by Q1FY22. Integration of Unit-10, which is an SEZ unit along with other SEZ units in APL Healthcare to bring more synergies and cost effectiveness. The company also cites accountability and greater visibility for performance and augmenting fund raising capabilities and strategic tie-ups in the future as some of the other motives behind the move.

🎯 KEC International :

Wins new orders worth Rs 1,140 crore for various businesses. T&D businesses wins orders worth Rs 963 crore in Middle East and Africa. Railways business wins order worth Rs 113 crore for overhead electrification and associated works for speed upgradation in India. Civil business wins order worth Rs 64 crore for infra works in the hydrocarbon segment in India.

🎯 Affle (India) : Has approved the proposal of raising of funds by way of further issue of securities including warrants and bonds or any combination thereof through a preferential issue and Qualified Institutions Placements by the company or through any other permissible mode or any combination thereof, for an aggregate amount not exceeding Rs 1,080 crore. Further an Extraordinary General Meeting of the members of the company is scheduled on March 24, 2021 to seek the approval of the members for the proposed fund-raising. 

🎯 DLF : Plans to raise up to Rs 395 crore through issue of secured NCDs. The company informed that the proposal will be discussed on March 3 at a meeting of the finance committee of the board of directors.

🎯 Hindustan Aeronautics : 

Has declared second interim dividend of Rs 15 per equity share of Rs 10 each fully paid up for the Financial Year 2020-21. The company has fixed March 8, 2021 as the record date for the payment of interim dividend.

🎯 KEI Industries :

Has approved declaration of Interim Dividend of Rs 2 per equity share of face value of Rs 2 each for the Financial Year 2020-21. The record date for determining the shareholders entitled to receive the interim dividend is March 10, 2021.

🎯 Zensar Technologies 

: Completes divestment of 100% equity shareholding in Aquila Technology Corp. Accordingly, Aquila has ceased to be part of the group. 

🎯 RailTel Corporation : 

Awarded three orders worth Rs 105.8 crore from the Ministry of Railways. The tenure for completion of the three orders is 18 months.

🎯 Tata Chemicals : 

Appoints Nandakumar Tirumalai as the new CFO from April 1, 2021. Tirumalai will replace John Mulhall, who will transition into the role of CEO at Tata Chemicals North America - a wholly-owned subsidiary. 

🎯 Wipro : 

Has completed the acquisition of Eximius Design, an engineering services company with expertise in semiconductor, software and systems design.

🎯 Harita Seating Systems : 

The composite scheme of amalgamation of Harita Ltd, Harita Venu, Harita Cheema, Harita Financial Services and Harita Seating Systems with Minda Industries has been sanctioned by National Company Law Tribunal, Chennai.

🎯 Spandana Sphoorty Financial : Has allotted 12,000 secured NCDs of face value of Rs 1 lakh each on a private placement basis to IIFL Income Opportunities Fund - Series 2 in demat form, in consideration of an aggregate amount of Rs 120 crore. Further the company has fixed February 26, 2024 as the date of maturity. Interest rate payment is fixed at 12.50% per annum payable monthly.

🎯 ICICI Bank, Axis Bank : Have entered into a Memorandum of Understanding amongst members of the consortium seeking to set up a Pan-India (National) Umbrella Entity for Retail Payments, subject to requisite regulatory approvals. The two banks have acquired 20% stake each in Mopay subject to regulatory approvals for cash considerations of Rs 100 crore each.

🎯 NLC India : 

Has issued 6,000 Commercial Papers of face value of Rs 5 lakh each, aggregating to Rs 300 crore. 

🎯 Acrysil : 

Has completed the capacity expansion of 1 lakh units at its Bhavnagar plant in Gujarat. The commercial production of additional 1 lakh units has commenced from February 25. The manufacturing capacity of Quartz Kitchen Sinks has increased from 5 lakh units to 6 lakh units per annum.

🎯 Adani Transmission :

Promoters Gautam Adani and Rajesh Adani revoked pledge of 8.02 lakh shares between February 24-25. 

🎯 Adani Ports & SEZ : 

Promoters Gautam Adani and Rajesh Adani revoked pledge of 33.81 lakh shares on February 25. 

🎯 Adani Enterprises : 

Promoters Gautam Adani and Rajesh Adani revoked pledge of 31.20 lakh shares between February 24-25. 

🎯 Sun Pharma : 

Promoter Shanghvi Finance revoked pledge of 10.22 lakh shares on February 23. 

🎯 Mangalore Chemicals & Fertilizers : 

Promoter Zuari Agro Chemicals revoked pledge of 50 lakh shares on February 24.

🎯 Bharti Airtel : Integrated Core Strategies (Asia) Pte sold 3.70 crore shares (0.68%) at Rs 556.46 per share. 

🎯 Esab India : Acacia Partners LP sold 3.31 lakh shares (2.15%) at Rs 1,865 per share. SBI Mutual Fund bought 3 lakh shares (1.95%) at Rs 1,865 per share. 

🎯 RailTel Corporation of India : Nippon India Mutual Fund bought 20 lakh shares at Rs 116.13 per share. Goldman Sachs India Fund bought 37.09 lakh shares at Rs 113.57 per share. 

🎯 Oriental Carbon & Chemicals : Promoter New India Investment Corporation sold 2,000 shares on February 25.

🎯 Mastek : 

Promoter Ashank Desai bought 57,738 shares between February 23-24. 

Positive for the stock. 👍 

🎯 Ramco Systems : 

Promoter Saradha Deepa sold 8,000 shares on February 24. 

🎯 Godrej Agrovet : 

Promoter Godrej Industries bought 12,231 shares on February 23. 

Positive for the stock. 👍 

HG Infra Engineering: 

Promoter Harendra Singh Family Trust bought 8,600 shares on February 22.

Positive for the stock. 👍 

17th February, 2021 Morning Brief

Market will open on a negative note today after some consolidation seen yesterday.

Futures on the Dow Jones are trading 69 points lower now. The index closed with modest gains overnight.

The Dow Jones Industrial Average notched a record closing high on Tuesday as cyclical sectors gained on the prospect of more fiscal aid to lift the U.S. economy from a coronavirus-driven slump.

The Dow Jones Industrial Average rose 63.82 points, or 0.2%, to 31,522.22, the S&P 500 lost 2.25 points, or 0.06%, to 3,932.58 and the Nasdaq Composite dropped 47.98 points, or 0.34%, to 14,047.50.

🎯 Nestle India Q4CY20 (Consolidated, YoY) Revenue up 9% at Rs 3,432.6 crore Vs Rs 3,149.3 crore. 

Ebitda up 12% at Rs 777 crore Vs Rs 694.1 crore. 

Ebitda Margin at 22.6% Vs 22%. 

Net profit up 2% at Rs 483.3 Vs Rs 472.6 crore. 

🎯 IndusInd Bank : 

Promoter IndusInd International Holdings completed its capital raise through a rights issue which was oversubscribed.

🎯 UltraTech Cement : 

Finance Committee of the Board of Directors approves allotment of unconditional, unsubordinated and unsecured U.S. Dollar denominated notes worth $400 million or Rs 2,900 crore due on February 16, 2031.

🎯 Adani Ports & SEZ : 

Has completed the acquisition of Dighi Port for Rs 705 crore and would invest over Rs 10,000 crore in developing it as an alternate gateway to JNPT.

🎯 Ashok Leyland : 

Has invested a total amount of Rs 18.66 crore constituting 26% of the paid-up share capital of Prathama Solarconnect Energy.

🎯 Future Consumer : 

Has defaulted on payment of principal of Rs 11.76 crore and interest of Rs 5.58 crore due on unlisted NCDs issued by the company.

🎯 Heritage Foods : 

Heritage Novandie Foods, a 50:50 joint venture company between Heritage Foods and Novandie, France has started the commercial production on February 16, 2021 and launched French Yoghurt brand Mamie Yova in India. 

🎯 ICICI Bank : 

Has entered into an agreement to acquire 9.65% stake in Thillais Analytical Solutions - a fintech startup operating a neo-banking platform called Vanghee.

🎯 Infosys : 

Infosys McCamish Systems, a U.S.-based subsidiary of Infosys BPM, has bought the business and underwriting platform of STEP Solutions Group LLC to ease the complexity of all types of insurance products such as Life, Annuity, and Health, for individuals and groups across North America.

🎯 Mahindra Lifespace Developers : Has announced the inauguration of the Yanmar Group facility at ORIGINS, Chennai. ORIGINS, Chennai is an industrial park developed in a joint venture between a subsidiary of MLDL and Sumitomo Corporation of Japan.

🎯 Spandana Sphoorty Financial : Promoter Padmaja Gangireddy acquired 10,000 shares on February 15. 

🎯 Adani Green Energy : 

Promoter Harmonia Trade and Investment acquired 25 lakh shares on February 15. 

🎯 Godrej Agrovet : 

Promoter Godrej Industries acquired 13,548 shares on February 11. 

Positive for the stock. 👍 

🎯 Asian Granito India : 

Promoter Kamleshbhai Patel acquired 25,000 shares on February 15. 

Positive for the stock. 👍 

🎯 JK Cement : 

Promoter Kalpana Singhania sold 15,000 shares between February 11-12. 

Negative for the stock. 

🎯 Aarti Industries : Promoter Jaya Gogri sold 2,700 shares on February 12. 

Negative for the stock. 

🎯 Kotak Mahindra Bank : 

Promoter Janak Desai sold 4,000 shares on February 16.

Negative for the stock. 

🎯 APL Apollo Tubes : 

Promoter APL Infrastructure sold 30 lakh shares (2.40%) at Rs 965.15 per share. Smallcap World Fund Inc bought 8.59 lakh shares (0.69%) at Rs 965 per share.

Negative for the stock. 

🎯 JSW Steel : 

Promoter JSW Holdings revoked pledge of 2.14 crore shares on February 10. 

Positive for the stock. 👍 

🎯 Max Financial Services : Promoter Max Ventures Investment Holdings revoked pledge of 4.65 lakh shares on February 12.

Positive for the stock. 👍 

🎯 DB Corp: Promoter DB Consolidated revoked pledge of 20 lakh shares on February 15.

Positive for the stock. 👍 

🎯 Solara Active Pharma Sciences : Promoter Pronomz Ventures LLP created a pledge of 6.03 lakh shares on February 12.

Negative for the stock. 

16th February, 2021 Morning Brief

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

Asian equities advanced this morning while bonds declined. Some markets reopened after the Lunar New Year holiday while Chinese equities continue to remain closed through Wednesday while Wall Street was also closed on Monday.

S&P500 futures traded 0.5% higher to a record level and MSCI’s all country world index (ACWI), which has risen every single day so far this month, ticked up slightly.

Global stocks and U.S. equity futures rallied as investors took comfort in progress on the Covid-19 vaccine rollout, while freezing temperatures in Texas and across the American South roiled energy markets. The dollar weakened, and U.S. and Canadian stock markets were closed for national holidays.

🎯 News & Impact 🎯 

Major Result today : Nestle 

🎯 Bank of Maharashtra, Bank of India, IOB & Central Bank of India : Government shortlists these 4 banks for potential privatisation.

Positive for the stocks. 👍

🎯 Wipro : Has announced a five-year strategic partnership with Telefónica Germany/O2. Wipro will work with Telefónica Germany/O2 and its wider ecosystem to transform its Business Support Systems and associated Quality Assurance to enable superior customer experience and growth in the B2B market segment.

🎯 Tech Mahindra : 

Has announced a strategic partnership with Telefonica Germany/O2 to drive their end-to-end I.T. transformation. Tech Mahindra will provide a ‘digital first’ experience by leveraging out-of-the-box process libraries and its capabilities across digital technologies like Business Support Systems, Customer Experience, Cloud, Data & Analytics and Artificial Intelligence. 

🎯 TCS : 

Has launched a Neural Automotive and Industrial Experience Center in Michigan, to help customers reimagine their businesses and accelerate innovation.

🎯 Mazagon Dock Shipbuilders : Delivered the third Scorpene Submarine of Project P-75 on February 15 to the Indian Navy, subsequently to be commissioned into Indian Navy as INS Karanj.

🎯 Titan : 

Subsidiary CaratLane Trading has incorporated a wholly-owned subsidiary 'StudioC Inc' in Delaware for retailing of jewellery.

🎯 Adani Green Energy : 

Promoter Harmonia Trade and Investment acquired 25 lakh shares on February 12.

Positive for the stock. 👍 

🎯 CG Power and Industrial Solutions : 

Promoters A Venkatachalam, Arun Murugappan Children's Trust, Arunachalam Murugapan, MA Murugappan Holdings LLP and Vedika Meyammai Arunachalam acquired 2.38 lakh shares between February 11-12.

Positive for the stock. 👍 

🎯 Confidence Petroleum India : Promoter Essenn LPG Bottling acquired 5 lakh shares on February 10.

Positive for the stock. 👍 

🎯 BLS International Services : Promoter Shikhar Aggarwal acquired 73,200 shares on February 12.

Positive for the stock. 👍 

🎯 Godrej Agrovet : 

Promoter Godrej Industries acquired 7,755 shares on February 10.

Positive for the stock. 👍 

🎯 Chambal Fertilisers & Chemicals : 

Promoter Zuari Global revoked pledge of 2 lakh shares on February 11.

Positive for the stock. 👍 

🎯 Jamna Auto Industries : Promoters Map Auto and Pradeep Singh Jauhar revoked pledge of 36.39 lakh shares on February 11.

Positive for the stock. 👍 

🎯 Jindal Steel & Power : 

Promoter OPJ Trading created a pledge of 21.31 lakh shares on February 9.

Positive for the stock. 👍 

🎯 JSW Energy : 

Promoters JSW Investments and Indusglobe Multiventures revoked pledge of 5.44 crore shares on February 10.

Positive for the stock. 👍 

🎯 Adani Transmission : 

Promoter Adani Tradeline LLP revoked pledge of 10.90 lakh shares on February 12.

Positive for the stock. 👍 

15th February, 2021 Morning Brief

Market will start with a gap-up today on the support of positive global cues after a volatile session witnessed on Friday.

Asian equities have begun the new week with gains after a positive close on Wall Street last Friday.

Dow Futures are trading up with 125 points now. 

The S&P 500 and Nasdaq set record closing highs on Friday as investors bought energy, financial and materials shares and sold big tech stocks in anticipation of new fiscal aid from Washington to help the U.S. economy recover.

The Dow Jones Industrial Average rose 27.7 points, or 0.09%, to 31,458.4, the S&P 500 gained 18.45 points, or 0.47%, to 3,934.83 and the Nasdaq Composite added 69.70 points, or 0.5%, to 14,095.47.

Oil prices rose to their highest in more than a year on Monday, after a Saudi-led coalition fighting in Yemen said it intercepted an explosive-laden drone fired by the Iran-aligned Houthi group, raising fears of fresh Middle East tensions.

Consumer Price Index-based inflation (CPI) for the month of January came in at 4.06 per cent, the second consecutive month of retail inflation falling within the Monetary Policy Committee’s medium-term inflation target range of 4 (+/-2 percent), official data showed on February 12.

Index of Industrial Production (IIP) for the month of December turned positive again and showed an expansion of 1 percent, primarily led by basic metals, pharmaceutical and petrochemical products, and an overall positive growth in the manufacturing sector.

🎯 News & Impact 🎯 

🎯 ONGC Q3FY21 (Standalone, QoQ) : Revenue up 0.6% at Rs 17,023.8 crore Vs Rs 16,917.1 crore. 

Net profit down 52.1% at Rs 1,378.2 crore Vs Rs 2,877.8 crore. 

Ebitda down 6.9% at Rs 6,507.6 crore Vs Rs 6,989.4 crore. 

Ebitda margin at 38.2% Vs 41.3%. 

🎯 Deepak Nitrite Q3FY21 :(Consolidated, YoY) Revenue up 10% at Rs 1,234.7 crore Vs Rs 1,119.9 crore. 

Net profit up 38% at Rs 216.6 crore Vs Rs 156.7 crore. 

Ebitda up 30% at Rs 335 crore Vs Rs 258.3 crore. 

Ebitda margin at 27.1% Vs 23.1%

🎯 Info Edge (India) Q3FY21 (Consolidated, YoY) : 

Revenues down 17% at Rs 277.6 crore Vs Rs 335 crore. 

Net profit of Rs 679 crore Vs Net loss of Rs 621 crore. 

Ebitda down 32% at Rs 67.2 crore Vs Rs 99.5 crore. 

Margins at 24.2% Vs 29.7%. 

🎯 PNC Infratech : 

PNC Gomti Highways, a wholly-owned subsidiary of the company, has received communication from National Highways Authority of India confirming the achievement of Financial Closure for a highway project in Uttar Pradesh.

🎯 Havells India : 

Is planning to set-up a new facility to manufacture washing machines in Ghiloth in Rajasthan with an estimated investment of Rs 65 crore and an annual capacity of 3 lakh units.

🎯 ONGC : Board approves formation of a new wholly-owned subsidiary to focus on the Gas & LNG business value chain. It has also approved acquisition of 5% stake in Indian Gas Exchange as a strategic investment. 

🎯 Amara Raja Batteries : 

To set up 50 MW solar power plant in Chittoor District of Andhra Pradesh for a total outlay of Rs 220 crore.

🎯 Sterling & Wilson Solar : 

Signs order worth $127.5 million (Rs 930 crore) in the Kom Ombo region of Egypt. Order received from Saudi Arabia's leading renewable energy company and is scheduled to be commissioned by the first quarter of 2022.

🎯 Finolex Cables : Has approved launch of Conduit Pipe and Accessories for construction Industry. These products will be manufactured at the company's newly set up plant at its Goa facility. 

🎯 Info Edge (India) : Has entered into an agreement through its wholly-owned subsidiary, to invest about Rs 9 crore, in 4B Networks.

🎯 Varroc Engineering : 

Executed a sale deed on February 11, 2021, effecting the sale of the company’s land & building admeasuring 28,327 square meters situated in Pune, for a consideration of Rs 36 crore.

🎯 Power Grid Corporation of India : Has approved acquisition of 74% shareholding of the JV Partner i.e. Jaiprakash Power Ventures in Jaypee POWERGRID. 

🎯 Kalpataru Power : Board withdraws proposal for capital expenditure for construction of the company's corporate office. 

🎯 CDSL : Becomes first depository to open 3 crore plus active demat accounts.

🎯 Panama Petrochem : 

Promoter Panama Builders Developers acquired 24,895 shares on February 10.

Positive for the stock. 👍  

🎯 Westlife Development : 

Promoter Achal Jatia sold 7.77 lakh shares on February 11. 

Negative for the stock. 

🎯 Neuland Laboratories : Promoters Gannabathula Rama Rao and Gannabathula Satyanarayanamurty sold 1,800 shares between February 9-12. 

Negative for the stock. 

🎯 Chambal Fertilisers & Chemicals : Promoter Zuari Global revoked pledge of 19 lakh shares between February 9-10. 

Positive for the stock. 👍 

🎯 Max Financial Services : 

Max Ventures Investment created a pledge of 37,265 shares on February 10.

Negative for the stock. 

🎯 Ajanta Pharma : 

Promoter Aayush Agrawal created a pledge of 1.15 lakh shares on February 11.

Negative for the stock. 

12th February, 2021 Morning Brief

Market will start flat today after few days of consolidation.

Stock markets across Asia are little changed this morning as most peers are shut on account of the Lunar New Year Holiday.

The Nasdaq and S&P 500 eked out modest gains on Thursday with investors betting on more fiscal stimulus, but U.S. President Joe Biden said China was poised to “eat our lunch,” a warning that tempered enthusiasm for a market near record highs.

The S&P 500 gained 6.5 points, or 0.17%, to 3,916.38 and the Nasdaq Composite added 53.24 points, or 0.38%, to 14,025.77. The Dow Jones Industrial Average fell 7.1 points, or 0.02%, to 31,430.7.

US weekly jobless claims edge down as labor market recovery stalls

Elsewhere, Bitcoin too hit a new high, now trading past the $48,000 mark after Mastercard and BNY Mellon Corp. made it easier for customers to use cryptocurrencies.

🎯 News & Impact 🎯

Major results today : Grasim

🎯 RBI buys government bonds worth Rs 20,000 crore through open market operation. The central bank bought Rs 14,654 crore worth 10-year bonds at a cut-off yield of 6 percent.

🎯 ITC Q3FY21 :

Revenue up 5% at Rs 12,580.4 crore Vs Rs 12,013 crore. 

Net profit down 12% at Rs 3,662.8 crore Vs Rs 4,141.9 crore. 

Ebitda down 7% at Rs 4,281.3 crore Vs Rs 4,612.7 crore.

🎯 ACC Q4CY20 (Consolidated, YoY) :

Revenue up 2% at Rs 4,144.7 crore Vs Rs 4,060.3 crore. 

Net profit up 73% at Rs 472.4 crore Vs Rs 273.3 crore. 

Ebitda up 6% at Rs 571.8 crore Vs Rs 541 crore. 

Ebitda Margins at 13.8% Vs 13.3%. 

🎯 Power Grid Corporation Q3FY21 (Standalone, YoY) :

Revenue up 8% at Rs 9,676.5 crore Vs Rs 8,992 crore. 

Net profit up 24% at Rs 3,323.8 crore Vs Rs 2,673.5 crore. 

Ebitda up 7% at Rs 8,460.4 crore Vs Rs 7,876.2 crore. 

Ebitda margin at 87.4% Vs 87.6%

🎯 TCS : 

Has strengthened its partnership with Snowflake, with the launch of a curated version of its TCS DAEzMo™ suite of solutions that enables businesses to accelerate their data landscape modernisation and migration to Snowflake’s data cloud.

🎯 RITES : Has in consortium, emerged as L-1 bidder for a General Consultancy work of Rs 61 crore from Haryana Rail Infrastructure Development Corporation for their Haryana Orbital Rail Corridor.

🎯 Fineotex Chemical : Maharashtra's Food & Drugs Administration department has granted approval to the company's plant. The license has been granted for production of disinfectant/antimicrobial hygiene and cleaning products for the HPC division to be launched by the company.

🎯 Adani Green Energy : Promoter Harmonia Trade and Investment acquired 45 lakh shares between February 9-10.

Positive for the stock. 👍 

🎯 The Ramco Cements : Promoter Sri Vishnu Shankar Mill sold 1.54 lakh shares on February 10.

Negative for the stock. 

🎯 Aarti Industries : 

Promoter Jaya Chandrakant Gogri sold 10,000 shares on February 10.

Negative for the stock. 

🎯 APL Apollo Tubes : Promoter Veera Gupta sold 15,000 shares on February 5.

Negative for the stock. 

🎯 Vardhman Special Steels : Promoter Sachit Jain acquired 10,000 shares between February 9-10.

Positive for the stock. 👍 

🎯 JSW Steel : Promoters Sahyog Holdings, Vividh Finvest and Siddeshwari Tradex created a pledge of 6.37 crore shares between February 5-10.

Negative for the stock. 

🎯 Adani Enterprises : 

Promoters Gautam Adani and Rajesh Adani revoked pledge of 17.18 lakh shares on February 10.

Positive for the stock. 👍 

🎯 Aurobindo Pharma : Promoter RPR Sons Advisors created a pledge of 23 lakh shares on February 9.

Negative for the stock. 

🎯 Crompton Greaves Consumer Electricals : Promoter Amalfiaco created a pledge of 1.20 crore shares on February 9.

Negative for the stock. 

🎯 Future Retail : Promoter Future Corporate Resources invoked pledge of 69.30 lakh shares on February 9.

Positive for the stock. 👍 

8th February, 2021 Morning Brief

Market will open with a gap-up today.

Asian markets have begun the new trading week on a positive note amidst improving Covid-19 trends and comments from treasury secretary Janet Yellen, pushing for a stimulus bill.

US stocks extended their recent rally on Friday and the S&P 500 and Nasdaq indexes scored their biggest weekly percentage gains since the US elections in early November, boosted by optimism over earnings, stimulus talks and progress on vaccine rollouts.

The Dow Jones Industrial Average rose 92.38 points, or 0.3%, to 31,148.24, the S&P 500 gained 15.09 points, or 0.39%, at 3,886.83 and the Nasdaq Composite added 78.55 points, or 0.57%, at 13,856.30. 

🎯 News & Impact 🎯

Major Results today : BPCL

🎯 Britannia Q3FY21 (Consolidated, YoY) :

Revenue up 6% at Rs 3,165.6 crore Vs Rs 2,982.7 crore. 

Net profit up 22% at Rs 452.6 crore Vs Rs 369.7 crore. 

Ebitda up 22% at Rs 611.5 crore Vs Rs 502 crore. 

Ebitda margin at 19.3% Vs 16.8%.

🎯 Divi's Laboratories Q3FY21 (Consolidated, YoY) :

Revenue up 22% at Rs 1,701.4 crore Vs Rs 1,396.3 crore. 

Net profit up 31% at Rs 470.6 crore Vs Rs 359.1 crore. 

Ebitda up 45% at Rs 688.7 crore Vs Rs 475.9 crore. 

Ebitda margin at 40.5% Vs 34.1%.

🎯 Affle India Q3FY21 (Consolidated, YoY)

Revenue up 59% at Rs 150.5 crore Vs Rs 94.4 crore. 

Net profit up 43% at Rs 30.7 crore Vs Rs 21.4 crore. 

🎯 Pfizer Q3FY21 (Standalone, YoY) :

Revenue up 10% at Rs 593.5 crore Vs Rs 538.2 crore. 

Net profit flat at Rs 141.2 crore Vs Rs 139 crore. 

Ebitda up 47% at Rs 196.8 crore Vs Rs 133.5 crore. 

Ebtida margin at 33.2% Vs 24.8%. 

🎯 Punjab National Bank Q3FY21 (Standalone, YoY)

Net Interest Income up 91% at Rs 8,312.9 crore Vs Rs 4,355.1 crore

Net profit of Rs 506 crore Vs net loss of Rs 492.3 crore

Gross NPA at 12.99% Vs 13.43% (QoQ). 

Net NPA at 4.03% Vs 4.75% (QoQ) 

🎯 Hindustan Aeronautics : 

The company along with Rolls-Royce have agreed to expand their partnership i India for collaboration to expanding their supply chain for both Civil and Defence Aerospace and establishing an authorised maintenance centre for Adour Mk871 engines to support Rolls-Royce's global customers.

🎯 IRCTC : Online bus booking service went live on January 29.

🎯 BEML : 

Signed MoUs with 11 entities to explore and enhance the business in the defence and aerospace sector.

🎯 DLF : 

Delhi government decides to reduce circle rates of residential, commercial, industrial properties in Delhi by 20% across all categories for the next six months.

🎯 Ashoka Buildcon : Bagged an order from NTPC Renewable Energy Ltd. worth Rs 503 crore for an EPC package of 150 MW solar PV project in Rajasthan.

Positive for the stock. 👍 

🎯 Mazagon Dock Shipbuilders : Entered into four non-binding MoUs at the AERO India-2021 in Bangalore. The nature of the MoUs is confidential.

🎯 Godfrey Phillips : 

Income Tax Department searched the office premises of the company from February 3 to February 7, in connection with search carried out on a promoter of the company under Section 132 of the Income Tax Act, 1961.

🎯 Adani Enterprises : 

Adani Airports Holdings Ltd. acquired 23.5% stake in Mumbai International Airport for Rs 1,685.25 crore.

Positive for the stock. 👍 

🎯 Max Financial Services : Promoter Max Ventures Investment Holdings revoked pledge of 15.79 lakh shares.

Positive for the stock. 👍 

🎯 Gati : 

Promoter group revoked pledge of 1.05 lakh shares. 

Positive for the stock. 👍 

🎯 Future Retail : 

Promoter group invoked pledge of 2.94 crore shares.

Positive for the stock. 👍 

4th February, 2021 Morning Brief

Market will open flat after continueous rally for last three sessions.

Futures on the Dow Jones are trading little changed gaining 30 points. 

The Dow and S&P 500 rose slightly on Wednesday, registering a third straight session of gains, with Alphabet Inc’s shares hitting a record high following its strong quarterly results.

The Dow Jones Industrial Average rose 36.12 points, or 0.12%, to 30,723.6, the S&P 500 gained 3.86 points, or 0.10%, to 3,830.17 and the Nasdaq Composite dropped 2.23 points, or 0.02%, to 13,610.54.

🎯 News & Impact 🎯 

Major Results Today :

Heromotocorp, SBI, NTPC

🎯 Future group :

SEBI bars Future Group’s Kishore Biyani from accessing securities market for a year.

Negative for the stocks. 

🎯 

2nd February, 2021 Morning Brief

Market will continue it's yesterday's rally at the opening.

Asian equities have opened higher this morning after peers on Wall Street saw their biggest rally in nearly 10 weeks. Benchmark indices in Japan, Australia and South Korea are climbing.

Futures on the Dow Jones are trading with gains of over 140 points.

The S&P 500 registered its biggest daily percentage gain since Nov. 24 on Monday after a steep sell-off last week, and technology-related shares led the advance, while a move by retail traders into silver drove up mining shares.

The Dow Jones Industrial Average rose 229.29 points, or 0.76%, to 30,211.91, the S&P 500 gained 59.62 points, or 1.61%, to 3,773.86 and the Nasdaq Composite added 332.70 points, or 2.55%, to 13,403.39.

🎯 News & Impact 🎯

New Listing : Indigo paints

Major Results Today : HDFC, Tata consumer

🎯 Finolex Industries Q3FY21 (Consolidated, YoY) Revenue up 53% at Rs 1,066.9 crore Vs Rs 699.4 crore Net profit up 163% at Rs 259.4 crore Vs Rs 98.5 crore Ebitda up 149% at Rs 346.6 crore Vs Rs 139 crore Ebitda margin at 32.5% Vs 19%

🎯 Indian Bank : 

The fully provided Non Performing Accounts of Cox & Kings, Era Infra Engineering, Supreme Tex Mart, RSAL Steel and Pune Buildtech have been declared as fraud and reported to RBI as per regulatory requirement.

🎯 Power Grid : 

Declared successful bidder under Tariff-based competitive bidding to establish transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan under Phase-II, Part C on build, own operate and maintain basis.

🎯 Dhanuka Agritech : 

Promoters to sell 83,000 equity shares or 0.18% of total equity in order to comply with Minimum Public Shareholding Norms.

🎯 Centrum Capital : The company’s step-down subsidiary, Centrum Financial Services, a Non-Deposit taking Systematically Important NBFC, has made an offer for the revival and reconstruction of Punjab and Maharashtra Co-operative Bank to the administrators of the bank in response to their invitation to participate in the same.

🎯 EPL : Has completed the acquisition of 72.46% equity shares of Creative Stylo Packs. 

🎯 ISGEC Heavy Engineering : Has received two orders – one for a Cement Waste Heat Recovery Boiler, and another for conducting Remnant Life Assessment study.

🎯 Vardhman Textiles : 

Promoter Vardhman Holdings acquired 30,075 shares on January 29. 

Positive for the stock. 👍 

🎯 Ganesha Ecosphere : 

Promoter Charu Khandelwal acquired 8,621 shares on January 29.

Positive for the stock. 👍 

🎯 Jindal Steel & Power : 

Promoter OPJ Trading revoked pledge of 31.46 lakh shares on January 29. 

Positive for the stock. 👍 

🎯 Kellton Tech Solutions : 

Promoter Matnic Finvest LLP revoked pledge of 24 lakh shares between January 25-27.

Positive for the stock. 👍