Motilal Oswal Financial Services Limited

· Baja Electricals consolidated net profit at Rs 53.1 crore against a loss of Rs 32.5 crore in the same quarter last fiscal. Its revenue was up 11% at Rs 1,218 crore against Rs 1,095.6 crore in the year-ago period.· BASF reported a consolidated net profit of Rs 412.8 crore for the second quarter of the current fiscal. Its net profit stood at Rs 2.32 crore in the same quarter of the previous fiscal, according to a regulatory filing. Total income for the September quarter increased to Rs 2,462.8 crore from Rs 2,080.5 in the year-ago period.· HPCL company's Q2FY21 standalone net profit more than doubled to Rs 2,477.4 crore against Rs 1,052.3 crore in the corresponding quarter a year ago. Revenue, however, declined 15% YoY to Rs 51,773.3 crore for the quarter against Rs 60,868.4 crore in the previous year's same quarter. The company's board approved a proposal for buyback of equity shares for an aggregate amount not exceeding Rs 2 500 crores and at a price not exceeding Rs 250 per equity share, payable in cash, from its shareholders / beneficial owners from the open market.· SRF consolidated net profit rose 57% to Rs 316 crore for the quarter ended September. Its net profit stood at Rs 201 crore in the year-ago period. The consolidated revenue of the company increased by 21% from Rs 1,738 crore to Rs 2,101 crore in Q2FY21 when compared with the corresponding period last year.· #MOMarketUpdates #MotilalOswal #Indianstockmarket #stocksinnews #stockinvesting #BSE #Sensex

1) The increasing dependency on tech due to the pandemic is resulting in better performance of IT stocks. The positive result of Accenture also resulted in fresh buying of tech stocks in Indian market. 2) Vodafone has won arbitration against India over the government's retro tax demand of Rs 20,000 crore at the Permanent Court of Arbitration in Hague on Friday. The Hague Court in its ruling said that the conduct of the Indian tax department is in breach of "fair and equitable" treatment. The Arbitration Tribunal has directed the Indian Tax Department to cease the conduct on the question. A failure to comply will engage its international responsibility. #MOMarketUpdates #MotilalOswal #Vodafone #ITstocks #Indianstockmarket #stockrecommendation #investingtips #NSE #BSE

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

HAAH Automotive Holdings Inc., a US automobile distributor, has offered to invest 300 billion won ($258 million) in Ssangyong Motor Co. as part of its bid to take a significant stake in the South Korean automaker, according to sources in the investment banking industry. Expect positive for M&M. #MOMarketUpdates #MotilalOswal #IndianStockMarket #NSE #BSE #Mahindra

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

Russia’s RDIF to sell 100m doses of Covid-19 vaccine to India. Russian sovereign wealth fund to cooperate with India’s Dr. Reddy’s Laboratories on clinical trials and distribution of Sputnik V vaccine against coronavirus, Russian Direct Investment Fund says in a statement. RDIF to also sell as many as 50m doses to Brazil, 32m to Mexico. #MOMarketUpdates #MotilalOswal #DrReddys #Indianstockmarket #marketrecommendation #NSE #BSE #nifty #sensex

1) RBI has exempted ICICI Bank, from the Banking Regulation Act, 1949 with respect to shareholding above 30% in ICICI Lombard General Insurance and ICICI Prudential Life Insurance, for a period of three years Sept. 2023. The exemption during its operation may permit both ICICI Lombard General Insurance and/or ICICI Prudential Life to consider strategic options such as mergers and acquisitions or capital raise which have the potential of reducing the Bank’s shareholding. There would be no impact on the current distribution arrangements. This exemption will facilitate compliance with rules if there is a proposed acquisition of another general insurance business made by ICICI Lombard General Insurance. If any merger or acquisition proposal gets consummated, it will result in ICICI Bank’s shareholding in ICICI Lombard General Insurance reducing to less than 50%.2) The retail players are favourable due to the foreign equity funds investment in Indian Retail sectors.3) Ugar Sugar, Andhra Sugar, Bajaj Hindustan, Balrampur Chini, Dhampur Sugar are witnessing fresh buying after the news that the government is likely to allow sugar mills to export their Maximum Admissible Export Quantity for 2019-20 (Oct-Sep) till the end of this year, a senior government official said today. The companies will get 180 days to claim the subsidy instead of 90 days. #MOMarketUpdates #MotilalOswal #ICICIBank #SugarStocks #RetailStores #indianstockmarket #nifty #BSE #NSE

HCL Tech Sees 2Q Rev Growth Over 3.5% Q/q in Constant Currency. Revenue growth to be a result of "broad-based momentum across all service lines, verticals and geographies," HCL Technologies Ltd. says in a statement to exchanges. Company Says EBIT margin for the current quarter is expected to be between 20.5% and 21%. "Good Booking momentum continues this quarter, led by Life Sciences & Healthcare, Telecom & Media and Financial Services verticals," HCL Tech says. "The pipeline continues to look healthy across service lines, verticals and geographies," according to the statement.TCS became the second Indian firm to attain a market valuation of over Rs 9 lakh crore after Reliance Industries. The NiftyIT Index gained today more than 4% as companies present strong quarterly results & projections. #MOMarketUpdates #MotilalOswal #NiftyIT #Indianstockmarket #Itcompanies #HCL #TCS #NSE #BSE #Infosys