Weekly Report on 04.09.2017

The broader index rose 117 points or 1.19% on weekly closing basis. It is also the highest closing in the preceding 4 weeks. Tuesday’s price of 9796 is now the make-or-break point for the short term uptrend in Nifty, which if holds in near future, we may see higher...

Morning Calls

Cadila Healthcare gets U.S. FDA approval for Mycophenolate Mofetil GTPL Hathway bags multiple orders worth Rs 48.16 crore from Government of Gujarat TVS Motor: Total August sales Up 16 % (YoY). Coal India: Reported strong monthly production. Sector to watch Positive:...

Morning Calls

Aditya Birla Capital #ABCAPITAL listing today after demerger. Grasim holds 56% stake in AB capital. DR REDDYS US judge says company doesn’t infringe on three Suboxone Patents. Strides Shasun’s Australian arm Arrow Pharma acquires 100 % stake in Amneal Pharma. Shankara...

Morning Calls

Surya Roshni looking for a new owner; Warburg Pincus, Crompton Greaves eye controlling stake. Shree Pushkar Chemicals Boardmeet on 4-September to consider various business proposals. Aksh Optifibre Service division bags National Level Banking Correspondent Contract...

Morning Calls

The Indian government has started investigations into alleged dumping of Chinese belting fabric. #SRF Ltd filed an application before the DGAD for initiation of anti-dumping investigation and imposition of the duty concerning imports of belting fabric. KEI Industry:...

Morning Calls

Reliance Capital: IRDA grants first level nod to health insurance arm. Reliance Infra: In talks with Greenko to sell its Mumbai electricity business for an EV of Rs 10000 to 13000 cr. JBF IND: In talks to sell Belgian unit for $2980 mn to settle part of its debt....