MONEY MANAGERS

1) Cadila Healthcare Q2FY21 net profit jumped over four-fold to Rs 473.4 crore. The company had posted a net profit of Rs 107.2 crore for the same period of last FY. Consolidated total revenue from operations of the company stood at Rs 3,820 crore. The net debt as on 30th Sept, 2020 stood at Rs 4,031 crore against Rs 6,740. crore as on 31st Mar, 2020. 2) India October Manufacturing PMI reported 12 years high. Germany reported 8-month high October PMI. US reported PMI for manufacturing registered 59.3% in October, the highest level since September 2018. Expect positive for metal stocks ahead of strong demand.  #MOMarketUpdates #MotilalOswal #IndianStockMarket #stockinvesting #Cadila #steel #sensex #nifty #stocktips

1) Strong Q2 results and Auto monthly sales data lifted Shriram Transport. The company reported a Consolidated sales of Rs 4347.75 Crore, up 5.00 % from last quarter Sales of Rs 4140.91 Crore and up 3.09 % from last year same quarter Sales of Rs 4217.54 Crore Company reported net profit after tax of Rs 684.56 Crore in latest quarter. 2) Indusind Bank Q2 FY21 consolidated net profit stood at Rs 663.1 crore, up from Rs 510.39 crore QoQ and down from Rs 1,400.96 crore YoY. The bank's Q2 FY21 NII grew 12.7% YoY to Rs 3,278 crore against 2,909.4 crore in Q2 FY20. #MOMarketUpdates #indianstockmarket #motilaloswal #nifty #sensex

TVS Motor gained 7% after reported better than expected Q2 results – Company reported Ebitda Rs430cr (up 13% YoY) – expectation Rs407cr and Ebitda Margin 9.3% vs 8.8% - expectation 8.6%.· Cholamandalam Investment reported a 41% rise in profit after tax to Rs 432 crore for the September 2020 quarter, on improvement in net income margin and lower operational expenses. The diversified financial services company had posted a profit after tax of Rs 307 crore in the corresponding quarter of the previous financial year.The company's asset quality as on September 30, 2020, represented by stage-3 assets, stood at 2.75% with provision coverage of 43%. · HPCL board will consider share buyback on November 4. #MOMarketUpdates #MotilalOswal #HPCL #TVSMotors #IndianStockMarket #nifty #sensex #quaterlyresults #investing

1) Pidilite Industries Ltd has entered into a definitive agreement with Huntsman Group (USA) to acquire 100% stake in one of its subsidiaries in India, Huntsman Advanced Materials Solutions Private Ltd (HAMSPL). HAMSPL manufactures and sells adhesives, sealants and other products under well-known brands such as Araldite, Araldite Karpenter and Araseal in India.2) The giant paint companies are in the limelight as the stocks gained because of the volume growth in the decorative segment remains high, especially in rural areas, given better crop production this season. Further, on-going government investments in rural infrastructure and house construction in rural areas should partially mitigate overall slowdown. In the past three month Asian paints & Berger Paints rallied 31% & 20% respectively. paints #MOMarketUpdates #MotilalOswal #indianstockmarket #nifty #sensex #stockinvestment #markettips #asian #bergerpaints #Fevicol #pidilite

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