Weekly Report as on 12.02.2018

Amidst huge volatility and a global stock market meltdown, the broader market in India declined nearly 2.80% week-on-week, but surprisingly, the Midcap indices outperformed the large caps. With this, Nifty closed below its 50 day moving average for the first time in...

Morning Calls

Cadila Healthcare’s Moraiya facility successfully completes U.S. FDA inspection. ONGC consortium gets 10% in Abudabhi field for USD 600mn. Petronet LNG: India’s biggest importer of gas and its Japanese partners will invest $300 million to set up Sri...

Morning Calls

Indiabulls Realty Board meet on Feb. 14 to consider restructuring of business. Malvinder Singh and Shivinder Singh have tendered their resignation from the directorship of Fortis Healthcare. SAIL Q3 (YoY): Revenue up 21 % at Rs 15,324 Cr. Net profit at Rs 43.2 Cr Vs...

Morning Calls

Piramal Enterprises has entered into a JV agreement with Bain Capital Mauritius Bain Capital Mauritius will buy 50% stake in India Resurgence AMB, a wholly-owned subsidiary of co After the transaction, India Resurgence AMB will cease to be a subsidiary of the company....

Morning Calls

Government raises import duty on sugar to 100 percent. Positive for sugar sector. #BAJAJHIND #BALRAMCHIN #DWARKESH to be on focus K E C International secures orders worth Rs 2035 Cr. Company also posted good quarter with 79% profit (YoY). Bajaj Electricals’...

Morning calls

GMR Infra to acquire 4.15 Cr shares (11 %) in GMR Hyderabad International Airport for approx. Rs 484 Cr. Realty firm Godrej Properties has sold 2 lakh sq ft area in its commercial building at Bandra-Kurla complex in Mumbai for nearly Rs 700 Cr. Mangalam Organics to...