Tuesday, 16 February 2021

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. 

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