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Greetings of the Day to all the dear members and my colleagues

In Markets every day we are witnessing good Upmove in Nifty and in stocks too.
Taking position is becoming risky for Intraday and F&O at higher levels. There are concerns towards which side the market will show its move in future.

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Foxconn, Nokia, Dixon Subsidiary Among 31 Firms Selected Under Telecom PLI Scheme

India has selected 31 telecom companies including units of Foxconn and Nokia under an incentive scheme to boost local manufacturing.

“The objective of the scheme is to boost domestic manufacturing in the telecom and networking products by incentivizing incremental investments and turnover with a total outlay of Rs 12,195 crore,” the statement said. The investments by successful applicants in India from April 1 and up till fiscal 2024-25 shall be eligible, subject to qualifying incremental annual thresholds, it said.

Eligible Domestic Non-SMSEs:
Akashastha Technologies Pvt.
Dixon Electro Appliances Pvt
HFCL Technologies Pvt. ITI Ltd
Neolync Tele Communications Pvt.
Syrma Technology Pvt.
Tejas Networks Ltd
VVDN Technologies Pvt.
Finance Minister Nirmala Sitharaman & US Treasury Sec Yellen meet for the 8th ministerial meeting of the India-USA Economic & Financial Partnership.

They discussed about recovery, climate finance, money laundering & combating the financing of terrorism
RAILTEL : Indian Govt owned telecommunication tech. development centre , C Dot & Co. Inks MOU To Provide affordable Broadband Service
*INEOS STYROLUTION Approved ₹ 192 /share as Interim Dividend*

Record date : 25 oct.
*Ineos Styrolution Business*

*Manufacture Acrylonitrile*
*Butadiene Styrene (ABS). It* *has been a pioneer in introducing ABS Resin*
*as an Engineering* *Thermoplastic in India. The Company is a leading*
*manufacturer of ABS Resin and sheets in India.*

- *The Company has a technical collaboration with the world's largest manufacturer*
*of ABS Resins; Japan Synthetic Rubber Company Limited, Japan.*

- *The Company has launched a new product SAN (Styrene Acrylo Nitrile)* *which is a plastic which gives a 95%* *transparent finish. It is superior to glass (88%)*
*and acrylic (92%). The product has major* *applications where transparency*
*is required and also has immense market potential.* *Top Manufacturer of this product in India.*
*Dixon’s Wholly Owned Subsidiary –Dixon Electro Appliances, received approval under PLI scheme of Government of India*

*Dixon Electro Appliances is one of the 31 entities which has been granted approval under PLI scheme of Government of India for manufacturing of Telecom and Networking Products in India.*
Mumbai sees 356 property registrations a day during Navratri: Knight Frank India

Stamp duty collection at Rs 24 crore a day is 78% higher than in August and 37% percent in September.


Maaal laaaaav💰💰
HCL Tech Q2 First cut – Dollar Revenue growth below expectation …Ebit Margin in line…Strong Order book

 

·         Q2 Dollar revenue $2791mn (up 2.6% QoQ) – expectation $2808mn

·         Income Rs20655cr (up 3% QoQ) – expectation Rs20800cr

·         Net profit Rs3265cr (up 1.6% QoQ) – expectation 3100cr

·         Ebit Rs3916cr (up 0.4% QoQ) – expectation Rs4000cr

·         Ebit 19% vs 19.6% (QoQ) – expectation 19%

·         Company expects revenue to grow in double digits in constant currency in FY22

·         EBIT margin is forecast to be between 19.0% and 21.0%.

·         The company won new contracts worth $2,245 million with a net of 14 new large deals during the quarter. It also added a net of 11,135 new employees.

 
HCL tech Q2FY22:

👉$ rev growth at 2.6% vs est 4%. Ebit margins at 19% vs est of 19.3%.
👉Guidance unchanged Revenue expected to grow in double digits in constant currency for FY’22.
👉 EBIT% expected to be between 19.0% and 21.0% for FY’22.

👉 Deal wins improve to $2.7b Vs $1.66 qoq ( Very strong growth on deal win )

MAHINDRA CIE AUTOMOTIVE Q2 : Cons. Net Profit Up 174 % To Rs 166 cr (YOY), Up 22 % (QOQ)

Revenue Up 23 % To Rs 2090 cr (YOY), Up 2 % (QOQ)

EBITDA Up 78 % to Rs 267 cr (YOY), Up 3 % (QOQ)

Indian IT Services exports at ~$170 billion exceed Saudi Arabia's total oil exports in value

IBULL REAL Q2

Cons. Net Profit Of Rs 5.53 cr V Rs 76.49 Cr Loss (YOY), Up 16 % QOQ

Revenue Up 1654 % To Rs 349 cr (YOY), Down 33 % (QOQ)

EBITDA Of Rs 22.18 cr V Rs 41 cr loss (YOY), Down 45 % (QOQ)
*FII and DII Trading activities as on 14Oct 2021*
FII F&O (Net)+2926.90Cr
FII INDEX FUTURES+1326.80Cr
FII INDEX OPTIONS+1898.18Cr
FII STOCK FUTURES-54.16Cr
FII STOCK OPTIONS-243.92Cr
FII CASH+1681.60Cr
DII CASH-1750.59Cr
Sources Say Nykaa receives
SEBI approval for its IPO with a size of nearly ₹4,000 cr. Nykaa to raise ₹525 cr via fresh issuance of equity

Co likely to be valued at over ₹40,000 cr, reports

Coal India : Coal India is down 3% after reports says that the co has asked subsidiaries to refrain from e-auction of coal for non-power cos.