Motilal Oswal Financial Services Limited

Defence-oriented stocks are reacting to Defence Minister Rajnath Singh's tweets on Sunday where an embargo was imposed on the imports of 101 defence items. The Ministry of Defence has prepared the list of those items. Contracts worth nearly 4 lakh crore will be placed upon the domestic industry within the next six to seven years. The list includes Wheeled Armoured Fighting Vehicles (AFVs) with indicative import embargo date of December 2021, of which the army is expected to contract nearly 200 of them at the cost of over Rs 5,000 crore. The embargo on imports is planned to be progressively implemented between 2020 and 2024. #MOMarketUpdates #DefenceStocks #indianstockmarket #Nifty #sensex #bse #NSE #MotilalOswal

Cable and wire companies stocks are witnessing fresh buying after the media news that the companies may further hike price by 4-5% on account of rising raw material price. It will be third time by the company to hike price. Expects positive for Polycab, Finolex Cable, KEI Industries and Havell’s India. #MOMarketUpdates #Indianstockmarket #MotilalOswal #Polycab #Havells #FinolexCables #Sensex #Nifty #digitization

1) Increase in Silver price will be positive for the Silver mining companies on account of large silver mining.2) The Reserve Bank of India (RBI) on Thursday relaxed gold lending norms, allowing lenders to give up to 90% of the value of the gold pledged as loans. Currently, banks can lend up to 75% of the value of gold jewellery and ornaments. This will provide better liquidity to cash-strapped borrowers opting for gold loans. The relaxation in LTV will be available till 31st March 2021. #MOMarketUpdates #gold #MotilalOswal #HindustanZinc #Indianstockmarket #Nifty #sensex #Commodities #Silver

1) Bharti Airtel is collaborating with Amazon Web Services to boost its cloud business and widen reach among small and medium enterprises, Chief Information Officer Harmeen Mehta says in an online press conference. Stock gained 2%.2) The banking stocks were in momentum on the expectation of RBI to cut interest rate by 25bps from 4% to 3.75%. However, RBI may keep unchanged CRR (Cash Reserve Ratio). RBI commentary will be important for the market. The financial sector is keeping a close watch on the Reserve Bank of India’s (RBI) monetary policy, particularly on the regulator’s decision on the extension of the moratorium or an altogether different rescheduling or restructuring of loans. Expects interest sensitive sectors like Banks, Auto and NBFC stocks will be momentum ahead of policy meeting. #MOMarketUpdates #MotilalOswal #Airtel #IndianBanks #RBI #IndianStockMarket #Nifty #sensex

1) Wockhardt said it had agreed with the UK government to fill-finish COVID-19 vaccines. The manufacturing will be undertaken at CP Pharmaceuticals, a subsidiary of Wockhardt based in Wrexham, North Wales. "As per the terms of the agreement, the company has reserved manufacturing capacity to allow for the supply of multiple vaccines to the UK government in its fight against COVID19, including AZD1222, the vaccine co-invented by the University of Oxford and its spinout company, Vaccitech, and licensed by AstraZeneca," the company said.2) Tata Motors reported better than expected Q1 results. Tata JLR EBITDA and EBITDA margin ahead of expectation. Company reported consol revenues declined ~48% YoY to Rs32000cr (expectation Rs25400cr), Consol EBITDA declined 79% YoY to Rs640cr – expectation loss Rs3010cr, Consol Adj. Net loss at Rs8380cr vs estimates Rs9800cr. JLR net realizations grew 20% YoY (+28% QoQ) to GBP58.5k (v/s est GBP49.2k). JLR net revenues declined 44% YoY to GBP2.9b (v/s est GBP2.4b). JLR EBITDA margins at 3.5% (-70bp YoY, -130bp QoQ, v/s est -3.6%). Beat on EBITDA was driven by a strong mix and cost cutting of GBP500m. S/A business revenues declined 80% YoY to Rs2670cr (v/s estimates Rs2240cr), EBITDA loss at Rs700cr vs estimates loss Rs1170cr & Net loss of Rs2140cr vs Rs2550cr. &Wockhardt #MOMarketUpdates #Indiastockmarket #Tatamotors #Nifty50 #NSE #BSE #Nifty #Sensex

1. Tata Coffee Ltd on Tuesday reported a 77% increase in consolidated net profit at Rs 62 crore for the quarter ended June. Its net profit stood at Rs 35 crore in the year-ago period. Consolidated total income for the quarter higher at Rs 592 crore compared to Rs 472 crore for the corresponding quarter of the previous year, an increase of 26%, driven by improved performance from the value-added businesses.2. Pharma major Dr Reddy recorded smart rally after the company reported strong Q1 results. The company reported impressive revenue growth in European and North America. #MOMarketUpdates #DrReddy #TATACoffee #MotilalOswal #Companyresults #indianstockmarket #NSE #BSE #Nifty #Sensex

Auto monthly sales volumes during the month of July will be announce on 1st August 2020. Market hope of demand from auto sectors in the rural areas will be back due to good monsoon. Rising MSP and strong growth in agriculture sectors will be positive for Auto sectors. Bajaj Auto, M&M Eicher Motor, Hero Motocorp and Maruti gained 2-4% today. #MOMarketUpdates #AutoSector #Nifty #Sensex #IndianStockMarket #MotilalOswal #Maruti #EicherMotors

Tech Stocks - Northbound journey continued in the tech stocks after better than expected Q1 results announced by Infosys, HCL Tech and Wipro. Both the Tech giants Infosys and HCL Tech closed on a record high today. HDFC Bank- HDFC Bank reported Q1 net profits at Rs6660cr grew at 19.6% YoY (inline to our estimates at Rs6680cr) , NII growing at 8% YoY (3% QoQ) to Rs15660cr (expectation Rs15390cr). Other income declined 18% YoY to Rs4070cr (34% below estimates at Rs6140cr) affected by decline in fees & commission income (37% YoY/49% QoQ decline) due to lockdown . Total provisions spiked to Rs3890cr (49% YoY increase) – Expectation Rs4150cr. GNPA at 1.4% vs 1.3% (QoQ) – expectation 1.3%. NNPA at 0.3% vs 0.4% (expectation 0.4%). #MOMarketUpdates #HDFCBank #HCL #Infosys #MotilalOswal #Indianstockmarkets #nifty #sensex #nifty50 #nse #bse

Private Labs like Metropolis, Dr Lal Path Labs and Thyrocare gained 1-3% after the Maharashtra Government said that the people can test themselves for coronavirus infection at designated private laboratories in Mumbai without a doctor’s prescription. Earlier, a doctor’s prescription was needed for a test. #MOMarketUpdates #motilaloswal #metropolis #thyrocare #pathlabs #drlalpathlabs #covid #mumbai #stockmarket #nifty #sensex