tures defence electronics and avionics. Its major customers include Global OEM’s, Indian Armed Forces, Defence Public Sector Units and ISRO – Positive for Adani Enterprises
NMDC Iron Ore sales up to November at 19.3 million tonnes.- We are positive on NMDC for long term prospect on account of strong balance sheet and attractive dividend yield.
Dilip Buildcon’s arm received financial closure for its HAM project in Madhya Pradesh for Rs10bn - Positive.
Capital First: NCLT approves amalgamation of Capital First and its two arms Capital First Home Finance and Capital First Securities with IDFC Bank. The company says that the scheme will be effective once the NCLT orders are filed with Registrar of Companies.- Stock gained 5% yesterday after the news. We are positive on the stock.
Suzlon group gets 50.4MW order from Atria Power - Avoid on the stock, poor balance sheet and huge debt
Tata Motors to hike passenger vehicles prices across models from January - Positive for Tata Motors, media news that the China may cut import duty on car from US.
Ashoka Buildcon - Lowest bidder for Jharkhand Bijli projects worth Rs2.14bn - Positive
Sequent Scientific gets EIR from USFDA for analytical Labs at Mangalore - Positive
Gravity India to sell premises property at Andheri Mumbai - Positive for Gravity
IDFC Bank says NCLT approval for merger proposals with Capital First, IDFC Bank says appointed date for merger plan to be October 1, 2018 - News is positive after merger, Capital First gained 5% after the news yesterday
New York Life take about 2% stake in Max Financial - Positive for Max Financial as increased overseas stake.
Lupin gets approval tentative US FDA approval for Dimethyl Fumarate - Positive for Lupin Labs
Torrent Pharma says redeemed Rs1bn NCDS - Positive for Torrent after redeemed before maturity
Moody's affirms all rating of Syndicate Bank, outlook stable - Positive for Syndicate Bank.
RCOM - Supreme Court dismissed the company's plea to be granted more time to pay the outstanding dues to Ericsson – Negative for RCOM – Avoid
Best Regards,
Sambhu Sa
By: via @AlliesFin Serve T.ME/ALLiESFiN
