9th June, 2021 Morning Brief

Market will open on a flat note today. 

Asian stocks opened mixed Wednesday after U.S. equities treaded water near a record ahead of key inflation data. Shares slipped in Japan and South Korea and edged higher in Australia.

Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally.

The Dow Jones Industrial Average fell 30.42 points, or 0.09%, to 34,599.82; the S&P 500 gained 0.74 points, or 0.02%, at 4,227.26; and the Nasdaq Composite added 43.19 points, or 0.31%, at 13,924.91

Result Today : GAIL India, Bata India

🎯 Galaxy Surfactants : 

The company reported higher consolidated profit at Rs 78.68 crore in Q4FY21 against Rs 62.80 crore in Q4FY20, revenue jumped to Rs 783.52 crore from Rs 656.65 crore YoY.

🎯 Ion Exchange India : The company reported higher consolidated profit at Rs 70.48 crore in Q4FY21 against Rs 28.86 crore in Q4FY20, revenue rose to Rs 445.15 crore from Rs 351.09 crore YoY.

Positive. 

🎯 Videocon Industries : The Mumbai bench of the National Company Law Tribunal (NCLT) approved Vedanta Group subsidiary Twin Star Technologies' resolution plan for Videocon Industries and 12 other companies of the Videocon Group.

Positive. 👍

🎯 Glenmark Pharmaceuticals : The company announced interim data of 503 patients from its Post Marketing Surveillance (PMS) study on Favipiravir in India.

🎯 Welspun Corp : The company received multiple orders of approximately 164 KMT valuing close to Rs 1,725 crore.

Positive. 👍

🎯 Asian Granito India : 

Promoters (Bhagubhai Patel, Hinaben Patel, Dimpalben Patel, Bhogibhai Patel, Hiraben Patel, Bhogibhai Patel and Rameshbhai Patel) sold 10.60 lakh shares between June 3-7. 

Negative. 

🎯 Deepak Fertilisers & Petrochemicals Corporation : Promoter Robust Marketing Services bought 16,000 shares on June 3. 

Positive. 👍

🎯 Godrej Agrovet : Promoter Godrej Industries bought 22,896 shares between Jun 2-3.

Positive 👍

🎯 Ultramarine & Pigments : Promoters (S Narayan, Sridhar Sundararajan and Jayalakshmi Venkataraman) sold 19,100 shares on June 7.

Negative.