Master Securitie

1) National Securities Depository (NSDL) increased the Airtel's foreign ownership limits to 100%. The company's consolidated revenue came in at Rs 25,785 crore for the quarter ended 30th Sept 2020. Consolidated EBITDA came at Rs 11,848.3 crore, while EBITDA margin came at 46%.2) Castrol's net profit was up 8.6% to Rs 204.60 crore in the quarter ended September 2020 against Rs 188.40 crore in the year-ago period.3) Hero Motor will sell and service Harley-Davidson motorcycles and sell parts & accessories and General Merchandise riding gear and apparel through a network of brand-exclusive Harley-Davidson dealers and Hero's existing dealership network in India. As part of a Licensing agreement, Hero MotoCorp will develop and sell a range of premium motorcycles under the Harley-Davidson brand name. #MOMarketUpdates #Indianstockmarket #MotilalOswal #nifty #sensex #HeroMotor #HarleyDavidson #Airtel #castrol

1) MSCI will implement changes for foreign ownership limits in the MSCI global indexes containing Indian securities at the close of November 30, the index provider said in a statement. Limits will be raised or kept the same for most stocks, based on what Indian depositories have done and MSCI's simulated list. MSCI India's weight in MSCI EM will increase to 8.7% (weight increases for current constituents) and 8.8% (new additions) from the current level of 8.1%, and passive inflows of US$1.93bn and US$0.6bn, respectively. Kotak is one of the beneficiaries" among Indian corporates that will be eligible for higher investment by foreign portfolio investors who follow MSCI indexes, he said. 2) NTPC to consider the proposal for share buyback on November 2. The government holds 51% stake in the company. #MOMarketUpdates #MotilalOswal #MSCI #KotakMahindraBank #NTPC #indianstockmarket #Nifty #Sensex

1) Polycab India rose after positive Q2 results. The trading volume was 18times higher.2) Kotak Mahindra Bank is exploring an acquisition of private-sector rival IndusInd Bank, according to a report. #MOMarketUpdates #MotilalOswal #Indianstockmarket #sensex #Nifty #Indusindbank #PolycabIndia

1) Crompton Greaves Consumer Electricals Ltd on reported a 28% increase in consolidated net profit at Rs 141.68 crore for the quarter ended September 2020. Revenue from operations climbed 13% to Rs 1,213.19 crore during the 2Q2020 , as against Rs 1,075.79 crore in the same period previous fiscal. Total expenses were at Rs 1,040.73 crore as against Rs 961.60 crore earlier, up 8%. 2) Flipkart is buying 7.8% stake in Aditya Birla Fashion for Rs 1500 crore at Rs 205 per share. The Aditya Birla Fashion board approved the issuance of equity shares on a preferential basis to Flipkart Investments Private Limited, a foreign portfolio investor, aggregating to Rs 1500 crore. The promoter and promoter group companies of ABFRL will hold about 55.13% upon completion of the issuance. #MOMarketUpdates #MotilalOswal #indianStockMakret #AdityaBirla #FLipkart #Nifty #sensex #CromptonGreaves

Copper rose to $7,034 a metric ton, the highest level since June 2018, on London Metal Exchange on Wednesday, on optimism around a U.S. stimulus package and concerns about supply disruptions due to labour disputes at Chilean mines. Aluminium Price surged to $1843/MT on LME over 1-year high. The rising base metal price will be positive for Hindalco, Vedanta, Hind Zinc and Nalco. Among the ferrous stocks like Tata Steel, JSW Steel, Jindal Steel and NMDC will be positive. #MOMarketUpdates #MotilalOswal #IndianStockMarket #basemetal #Copper #Aluminium #Nifty #sensex

Hindustan Copper is up 10% after the news that the govt is looking strategic sale of Hind Copper to meet disinvestment target. #MOMarketUpdates #Indianstockmarket #Nifty #sensex

The government banned the imports of air conditioners with refrigerants to promote domestic manufacturing and reduce imports of non-essential items. In June, the government imposed curbs on imports of certain new pneumatic tyres used in motor cars, busses, lorries and motorcycles. Expects positive for Indian Air Conditioner manufacturer and major raw materials players like Blue Star, Voltas, Havells India, Whirlpool. Amber Enterprises (major players to supply AC component), SRF (major players of Refrigerants Gas) and Navin Fluorine (Major players of producing refrigeration gas). Follow our handle to get interesting market insights. #MOMarketUpdates #MotilalOswal #Indianstockmarket #Airconditioner #sensex #nifty

Top 10 Nifty Performers. #MOMarketUpdates #Nifty50 #indianstockmarket

1) SBI Card gained as the Credit card spends recovers to pre-covid levels in August. Banks record Rs50311cr spends on Credit Cards in August compared with Rs50574cr in March.2) Tata Steel Long Products reported Q2 Net profit at Rs 59.1 crore versus Net loss at Rs 196.9 crore, Ebitda at Rs 183.6 crore versus Ebidta loss at Rs 41.8 crore. Expect positive for Tata Steel as it holds 75.91% stake of Tata Steel Long Products. #MOMarketUpdates #MotilalOswal #TATASteel #Indianstockmarket #SBI #SBIELite #SBICards #Sensex #Nifty