19th May, 2021 Morning Brief

Market will open with a flat note today after 2 days all round rally and amid volatility. 

U.S. stocks ended down on Tuesday, slumping on a sharp decline in telecom stocks and weak housing starts data that overshadowed better-than-expected earnings from Walmart and Home Depot.

The Dow Jones Industrial Average fell 267.13 points, or 0.78%, to 34,060.66, the S&P 500 lost 35.46 points, or 0.85%, to 4,127.83 and the Nasdaq Composite dropped 75.41 points, or 0.56%, to 13,303.64.

Oil settled lower on Tuesday, tumbling from a two-month high after media reports said the United States and Iran have made progress on reviving a deal restricting the OPEC country's nuclear weapons development, which would boost crude supply.

🎯 News & Impact 🎯

🎯 Tata Motors: The company posted consolidated loss of Rs 7,605 crore in Q4FY21 against loss of Rs 9,894.25 crore in Q4FY20, revenue jumped to Rs 88,627.9 crore from Rs 62,492.96 crore in the year-ago period.

🎯 Torrent Pharma: The company posted profit of Rs 324 crore in Q4FY21 against Rs 314 crore in Q4FY20, revenue fell to Rs 1,937 crore from Rs 1,946 crore YoY.

🎯 AARTI IND Q4 : Net Profit Up 23 % to Rs 136 cr (YOY)

Revenue Up 12 % to Rs 1209 Cr. 

Recommends Rs 3 as final Dividend. Board Approves 1:1 Bonus Issue... Record date will be announced soon. 

Positive. 

🎯 UJJIVAN SMALL FINANCE Bank : 

Q4 SL NET PROFIT 1.36B RUPEES VS PROFIT 731.5M (YOY); 

Q4 INTEREST EARNED 6.18B RUPEES VS 7.37B (YOY). 

🎯 Jyothy Labs : Company posted revenue growth of 26% YoY to Rs. 495.1 cr in Q4FY21. Its net profit grew by 2.7% YoY to Rs. 27.3 cr against Rs 26.6 in the same quarter last year.

🎯 Abbott India : Company posted revenue growth of 14% YoY to Rs 1,095.5 in Q4FY21. Its net profit grew by 37.4 % to Rs 152.5 cr against Rs 111 cr in the same quarter of last year. 

Positive. 👍

🎯 GUJRAT ALKALIES Q4 : 

Net Profit Up 204 % to Rs 34.4 cr (YOY). 

Revenue Up 8 % to Rs 671 Cr. 

Positive. 👍

🎯 ROUTE MOBILE Q4 : Net Profit Down 7 % to Rs 35.36 cr (QOQ)

Revenue Down 6 % to Rs 362 cr

🎯 Brigade Enterprises : 

The company reported higher consolidated profit at Rs 39.57 crore in Q4FY21 against Rs 2.68 crore in Q4FY20, revenue increased to Rs 791.24 crore from Rs 635.92 crore YoY.

🎯 Laxmi Organic Industries : Laxmi Organic will set up a wholly-owned subsidiary company in United States.

🎯 Infosys, Majesco : Announced strategic collaboration to help joint customers accelerate their digital transformation journey, enabling them to unlock new opportunities, address the demand for personalised customer experiences, operational effectiveness, and digital adoption across the insurance business value chain.

🎯 JSW Energy : The wholly-owned subsidiary of the company, JSW Hydro Energy, has raised $707 million by allotment of dollar-denominated senior secured notes.

Positive. 👍

🎯 Sun Pharma : Life Insurance Corporation of India acquired 4,83,66,975 equity shares (2.016% of paid up equity) in Sun Pharma, increasing shareholding to 7.026% from 5.010% earlier.

Positive. 👍

🎯 Axis Bank : The Specified Undertaking of the Unit Trust of India (SUUTI) will sell up to 3.6 crore equity shares of Axis Bank, via offer for sale, on May 19 and May 20, with an option to additionally sell 2,20,78,568 equity shares. The floor price for the offer is fixed at Rs 680 per share.

Negative.

🎯 Solara Active Pharma Sciences : Promoters (Pronomz Ventures LLP and Chayadeep Ventures LLP) revoked pledge of 23,80 lakh shares between April 7 and May 17. 👍

🎯 Jindal Steel & Power : 

Promoters (OPJ Trading and Gagan Infraenergy) revoked pledge of 58 lakh shares between May 11-17. Promoter Opelina Sustainable created a pledge of 31 lakh shares between May 11-12.

Positive. 👍