Naresh P Battha

1) The housing finance lender HDFC said that the month of September had seen the strongest recovery since the outbreak of the pandemic.2) TATA Motors - Tata Motors climbed up 8% to Rs144 amid hefty volumes of 9.7cr shares traded on NSE after the company announced strong growth its JLR sales volume on QoQ and positive free cash flow. The company says JLR’s cash and short-term deposits rose by 300 million pounds to about 3 billion pounds, primarily reflecting positive free cash flow for the three-month period. The company says its performance in China, the first region to come out of lockdown, has been incredibly encouraging.Mahindra & Mahindra- The company has informed the exchanges that booking for its latest SUV, 'Thar' has crossed 9,000, since its launch on October 2. #MOMArketUpdates #MotilalOswal #Indianstockmarket #nifty #sensex #TATAMotors #Mahindra #Thar #JLR

1) Apollo pipes had a bull run today. The company’s overall sales up 19% to 12,268 MT. Growth was driven by contribution from across product categories, including value-added product segment of fittings. The company anticipates further improvement in sales performance over the next few quarters on the back of a better demand environment combined with an uptick in utilisation levels. 2) Chinese steelmaker, Jingye has expressed an interest in taking over Tata Steel's UK operations, said a leading UK-based televison channel Sky News. “Banking sources said this weekend that Jingye’s interest was at a tentative stage, and insisted that there was not a formal sale process for Tata Steel UK’s operations,” #MOMarketUpdates #MotilalOswal #Indianstockmarkets #Nifty #sensex #tatasteel

1) Two-wheeler stocks are in momentum after Bajaj Auto reported better than expected September monthly sales data. Bajaj Auto September sales at 441306 unit, up 10% YoY while the expectation of 416081 units. 2) The government announced Cinema halls, multiplexes to reopen from 15th Oct 2020, with up to 50% capacity as nation gears up for Unlock 5. #MOMarketUpdates #MotilalOswal #Indianstockmarket #twoweeler #Bajaj #Hero #TVSmotor #PVR #Inox #Nifty #sensex

1) Need to move past Covid and uplift economic sentiment says HDFC Bank chief Aditya Puri. India’s longest-serving bank chief Me Aditya Puri said that there is a need to change the sentiment in the country and move past Covid while taking social distancing precautions.2) Metal stocks declined from the intra-day high after news reported that the European Union might impose anti-dumping duty on import from India, Indonesia.3) Expects momentum on Auto stocks today as September monthly sales data will be announced tomorrow. The market expectation that the Auto players to announce impressive sales data ahead of festival sessions. #MOMarketUpdates #MotilalOswal #IndianStockMarket #MetalStocks #nifty #sensex #autostocks #HDFCBank

1) Delta Corp on hope of re-opening of Casinos in Goa after media reports that the Maharashtra government has allowed to re-open bars, restaurants from the first week of Oct. Delta gained 5% to Rs113 amid 10lakh shares trade on NSE. Traders short term buying opportunity on Delta. 2) Defence Minister Rajnath Singh on Monday chaired the Defence Acquisition Council (DAC) meeting and approved proposals for capital acquisition of various equipment required by the Indian Armed Forces at an approximate cost of Rs 2,290 crore. These include procurement from the Domestic Industry as well as Foreign vendors. Expect positive HAL, BDL, BEL #MOMarketUpdates #MotilalOswal #Delta #indianstockmarket #Nifty #Sensex #defensestocks

1) Apollo Hospitals witnessed smart rally although Sensex nosedived over 1000 points. Good quarterly results and traders focus on the defensive stock in the volatile market lifted Apollo Hospital.2) Maruti Suzuki Subscribe allows a customer to use a new car without actually owning it and by paying an all-inclusive monthly fee that comprehensively covers complete maintenance, insurance and roadside assistance," it said. Customers can select subscription duration ranging from 12 months to 48 months and pay a monthly subscription charge starting Rs 14,463 (including taxes) for Swift Lxi in Delhi for a tenure of 48 months. After the completion of subscription tenure, the customer can also opt to upgrade the vehicle, extend, or buy the car at market price. Last month the project was launched as a pilot in Hyderabad & Pune. #MOMarketUpdates #MotilalOswal #Indianstockmarket #BSE #NSE #MarutiSuzuki #ApolloHospitals #Sensex #Nifty

1) ICRA assigns stable outlook to bank facilities and NCDs of Jindal Steel. The stock jumped 4%.2) Hexaware says that the promoter HT Global Holdings has accepted the discovered price of Rs 475 per share, as the final price for the delisting offer. The promoter will acquire 8.72 crore shares, post the acquisition, promoter shareholding in the company will be 91.16%. #MOMarkrtUpdates #MotilalOswal #indianstockmarket #nifty #sensex #jindalsteel #hexaware

The Pharma stocks are positive due to multiple approvals of US FDA for different medicines. The companies are also manufacturing the drugs for the primary treatment of Covid-19. Dr Reddy's Laboratories reclaimed the tag of being the second most valuable listed pharmaceutical company. Sun Pharma is the most valued listed company of India with the market cap of Rs 1.26lakh cr. With a favourable ruling in the appeals court, the odds of launching gVascepa also rise considerably. Bristol Myers Squibb had inked a patent settlement with Dr. Reddy’s Laboratories, allowing the Indian generics company to start with a “volume-limited” launch sometime after March 2022. The exact date of the rollout, and amount of generic Revlimid Dr. Reddy’s will be allowed to sell, are confidential. But on January 31, 2026, the company will have a license to sell its generic Revlimid with no limits. #MOMarketUpdates #IndianStockMarket #MotilalOswal #NiftyPharma #NSE #BSE #Recommendation #Stocktip #Stockrecommendation

1) Happiest Minds Technologies Ltd. debuted on the bourses at a 115% premium to its issue price AT Rs166 a share, a week after concluding its initial public offering on a remarkable note. The Rs 702-crore maiden offer was subscribed 151 times. It has gained 125% to close at Rs371 against its IPO price amid 52cr shares traded on NSE.2) Domestic Pharma major Dr Reddy closed at an all-time high of Rs4827 after the news that the Russia-based Russian Direct Investment Fund (RDIF) to distribute 10cr Covid-19 vaccine doses in India. Moreover, the Company launched Eye Allergy drop in US Market.3) SBI - The country’s largest lender State Bank of India could be sitting on a goldmine when it comes to its digital start up YONO (You only need one). The super-app could be valued at $40 billion with the lender considering long term plans to hive it off as a separate entity once it assumes a specific size- says SBI Chairman. #MOMarketUpdates #MotilalOswal #IndianStockMarket #NSE #BSE #Nifty #sensex #IPO #Pharma #SBIYONO