Patel Mehulkumar Kiritbhai

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

For the stock market rule is always same Stay Invested for long term. #Mirzapur2 #stayinvested #stockmarket #motilaloswal #mirzapur #trending #topicalspot #topicalpost

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

1) Hindustan Zin Stock price gained after positive Q2 results. The total income of the company increased to Rs 6,050 crore in the July-September period from Rs 5,101 crore in the year-ago period.2) The SBI will offer interest concessions up to 20 basis points for loans above Rs 75 lakh, based on the CIBIL score. An additional concession of 5 basis points will be offered if home loans applied through YONO, it said in a statement. The customer will get a credit score-based concession up to 10 basis points for loans ranging between Rs 30 lakh to Rs 75 lakh. An additional interest concession of 5 basis points will also be offered to women home buyers. #MOMarkerketUpdates #MotilalOswal #SBI #homeloans #festiveseason #festiveoffers #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

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

Cement manufacturer hiked the price by Rs30-50 a bag at Andhra Pradesh and Telangana. The market expects that the cement demand will improve on post-monsoon and to increase government expenditure in the infrastructure sectors. Increased cement price and hope of rising demand will be positive for Cement stocks. #MOMarketUpdates #MotilalOswal #Cementstocks #indianstockmarkets #JKCement #Nifty #sensex

Positive results from tech giants resulting in rise of tech companies. TCS reported Dollar revenue growth 7.1% to $5,420 million while expectation $5287mn. Company reported EBIT margin at 26.2% from 23.6% (QoQ) while expectation 24.8. Market hope of other tech players will be announced good quarterly results. Wipro will announceQ2 results on 13th October and Infosys on 14th October (ADR up 5%). #MOMarketUpdates #MotilalOswal #ITstocks #Indianstockmarkets #Coforge #L