Monday, 17 May 2021

18th May, 2021 Morning Brief

Market will open with a gap-up trailing yesterday bull run ahead. 

Asian stocks opened firmer Tuesday as investors weighed a pick-up in virus cases in the region against the pace of economic growth as economies reopen. U.S. futures rose.

Major Result Today :
Tata Motors, Canara Bank, Aarti Industries, Abbott India, Torrent Pharmaceuticals, Ujjivan Small Finance Bank, Investment Company, Kalyani Steels, Minda Corporation, PI Industries, Pioneer Embroideries, Route Mobile

🎯 Bharti Airtel : The company reported consolidated profit at Rs 759.2 crore in Q4FY21 against Rs 853.6 crore in Q3FY21, revenue fell to Rs 25,747.3 crore from Rs 26,517.8 crore QoQ.
Negative. 

🎯 Mangalore Refinery and Petrochemicals :
The company reported consolidated profit at Rs 271.86 crore in Q4FY21 against loss of Rs 1,889.1 crore, revenue jumped to Rs 20,827.5 crore from Rs 17,283 crore YoY.
Positive. 

🎯 Orient Cement : 
The company reported sharply higher profit at Rs 99.87 crore in Q4FY21 against Rs 44.06 crore in Q4FY20, revenue jumped to Rs 831.61 crore from Rs 654.52 crore YoY.
Positive. 👍

🎯 Gujarat Narmada Valley Fertilizers & Chemicals : The company reported higher consolidated profit at Rs 310.53 crore in Q4FY21 against Rs 240 crore in Q4FY20, revenue rose to Rs 1,733 crore from Rs 1,342.47 crore YoY.
Positive. 👍

🎯 Wabco India :
The company reported higher profit at Rs 47.63 crore in Q4FY21 against Rs 31.49 crore in Q4FY20, revenue jumped to Rs 712.32 crore from Rs 404.85 crore YoY.

🎯 Jindal Steel & Power : Sarda Mines Private Limited bought 52,74,600 equity shares in Jindal Steel at Rs 431.62 per share on the BSE. 

🎯 Strides Pharma Science : Promoter Group of the company has released substantial pledge of over 38 percent, taking the current overall promoter group pledge down to 25.98 percent of the promoter holding and 7.71 percent of the paid-up capital of the company.
Positive. 👍

🎯 Hero MotoCorp : For the benefit of all its existing customers, Hero has extended the duration of the services that were getting exhausted during the ongoing period by 60 days. 

🎯 Zuari Agro Chemicals : The fertilizer plant of the company at Zuarinagar, Goa, was impacted on May 16 by Cyclone-Tauktae and there could be some damages caused to the fertilizer plant at Goa.
Negative. 

🎯 Bharat Forge : To purchase a 49% stake in its subsidiary, Kalyani Strategic Systems, for Rs 32.97 crore. Currently, the company holds a 51% stake in KSSL. After this acquisition, KSSL shall become a wholly-owned subsidiary of the company.

🎯 HCL Technologies : Announced expansion of investment in the United Kingdom with the hiring of 1000 technology professionals to support its clients in the U.K. and around the world.

🎯 Apollo Tyres : Company says the Perambra plant in Kerala will be closed till May 23 in view of the local restrictions due to Covid-19.

🎯 Union Bank of India : Board approved raising up to Rs 1,750 crore through a qualified institutional placement at a floor price of Rs 35.6 per share. The share sale was authorised to open on May 17.

🎯 Kotak Mahindra Bank : Acquired 1.3 crore equity shares, representing 46.7% of the issued and paid-up equity share capital of Kotak Mahindra Pension Fund Limited from Kotak Mahindra Asset Management Company Limited for Rs 12.71 crore. After this acquisition, the bank's shareholding in KMPFL will increase from 4.3% to 51%. Also, KMPFL has now become a direct subsidiary of the bank.

🎯 Garden Reach Shipbuilders And Engineers : Suspended operations at all units in West Bengal till May 30 to comply with state Covid order.

🎯 Skipper : To keep its offices and manufacturing units in West Bengal shut till May 30 to comply with state Covid order.

🎯 Ajanta Pharma 
Promoter Aayush Agrawal revoked pledge of 1.30 lakh shares on May 11.
Positive. 

🎯 Cigniti Technologies : Promoter C Rajeswari created a pledge of 10 lakh shares on May 12.
Negative. 👎🏻

🎯 Godrej Agrovet : Promoter Godrej Industries bought 49,172 shares on May 11.
Positive 👍




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