*Godrej Agrovet Ltd.* | *CMP* Rs. 524 | *M Cap* Rs. 10066 Cr | *52 W H/L* 598/265
(Nirmal Bang Retail Research)
*Result is marginally below expectation*
Revenue from Operations came at Rs. 1723.9 Cr (10.9% QoQ, -6.9% YoY) vs expectation of Rs. 1810.6 Cr, QoQ Rs. 1554.2 Cr, YoY Rs. 1851.1 Cr
EBIDTA came at Rs. 173.2 Cr (4.4% QoQ, 44.6% YoY) vs expectation of Rs. 182.3 Cr, QoQ Rs. 165.9 Cr, YoY Rs. 119.7 Cr
EBITDA Margin came at 10% vs expectation of 10.1%, QoQ 10.7%, YoY 6.5%
Adj. PAT came at Rs. 115.5 Cr vs expectation of Rs. 104 Cr, QoQ Rs. 88.5 Cr, YoY Rs. 104 Cr
Quarter EPS is Rs. 6
Share is trading at P/E of 27.7x FY22E EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Hindustan Petroleum Corporation Ltd.* | *CMP* Rs. 187 | *M Cap* Rs. 28495 Cr | *52 W H/L* 328/150
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 51773.3 Cr (37.3% QoQ, -14.9% YoY) vs expectation of Rs. 48103.1 Cr, QoQ Rs. 37720.9 Cr, YoY Rs. 60863.3 Cr
EBIDTA came at Rs. 3603.9 Cr (-17.2% QoQ, 55.4% YoY) vs expectation of Rs. 3052.8 Cr, QoQ Rs. 4353.6 Cr, YoY Rs. 2318.9 Cr
EBITDA Margin came at 7% vs expectation of 6.3%, QoQ 11.5%, YoY 3.8%
Adj. PAT came at Rs. 2477.5 Cr vs expectation of Rs. 1720.1 Cr, QoQ Rs. 2813.8 Cr, YoY Rs. 1052.3 Cr
Quarter EPS is Rs. 16.3
Share is trading at P/E of 4.6x FY22E EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Pidilite Industries Ltd.* | *CMP* Rs. 1563 | *M Cap* Rs. 79416 Cr | *52 W H/L* 1710/1186
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 1880.3 Cr (114.2% QoQ, 4.1% YoY) vs expectation of Rs. 1695.8 Cr, QoQ Rs. 877.8 Cr, YoY Rs. 1806.6 Cr
EBIDTA came at Rs. 512.6 Cr (672.4% QoQ, 39.2% YoY) vs expectation of Rs. 377.2 Cr, QoQ Rs. 66.4 Cr, YoY Rs. 368.2 Cr
EBITDA Margin came at 27.3% vs expectation of 22.2%, QoQ 7.6%, YoY 20.4%
Adj. PAT came at Rs. 356.4 Cr vs expectation of Rs. 264.6 Cr, QoQ Rs. 26.8 Cr, YoY Rs. 346.5 Cr
Quarter EPS is Rs. 7
Share is trading at P/E of 56.6x FY22E EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Happiest Mind Technologies ltd. | CMP Rs. 349 | M Cap Rs. 4928 Cr | 52 W H/L 307/395*
(Nirmal Bang Retail Research)
*Dollar revenue came at $ 24.7 mn vs QoQ $ 23.4 mn, YoY $ 24.9 mn*
*Result ok*
Revenue from Operations came at Rs. 182.8 Cr (3.3% QoQ, 4.4% YoY) vs QoQ Rs. 177 Cr, YoY Rs. 175.1 Cr
EBIDTA came at Rs. 44.5 Cr (17.6% QoQ, 59.5% YoY) vs QoQ Rs. 37.9 Cr, YoY Rs. 27.9 Cr
EBITDA Margin came at 24.3% vs QoQ 21.4%, YoY 15.9%
Adj. PAT came at Rs. 34.1 Cr vs QoQ Rs. 50.2 Cr, YoY Rs. 26.7 Cr
Tax credit led to higher PAT in Q1FY21
Quarter EPS is Rs. 2.4
Share is trading at P/E of 36.1x FY22E EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Prince Pipes and Fittings Ltd Q2FY21 Con-call Update*
(Nirmal Bang Retail Research)
*Outlook: Positive*
• Sales grew by 7% at Rs. 459 Cr compared to Rs. 429 Cr YoY and volume increased by 1.7% at 35142 MT 34553 MT YoY
Company Pipe sales grew faster at 7% as compared to Finolex Ind negative 3% and Supreme Ind pipe sales growth of 4.4%
• PAT grew by 42% YoY from Rs. 33 Cr to Rs. 47 Cr
• EBITDA margin is at 17.5%, a 230 bps expansion, having increased due to higher PVC prices leading to inventory gain, market consolidation and favourable operating leverage
• Net debt for Q2FY21is at Rs. 105 Cr and total debt at Rs. 185.9 Cr
• Capex till date is at Rs. 46 Cr and for FY21 it is estimated to be around Rs. 115-120 Cr

• Average cost of capital for Q2FY21 declined to 8.4% from 10.1% YoY
• The CPVC is almost 20% of revenue and sales has been extremely encouraging with repeat orders being seen

• The tanks business will take another 12-18 months to be a significant part of revenue which is a market of Rs. 4000 to Rs. 5000 Cr. The tanks will have in-house capacity and outsourcing by the year end
• Distributors through channel finance are 20-25% and constitute around Rs.73-74 Cr
• The Telangana plant is expected to commence commercial production by Q2FY22 which will produce around 30-35 kT in the first 6 months which is expected to further increase to 50 kT in the coming 2-3 years. 20% of the work has been done with all approvals in place
• Branding cost for the company is at Rs. 7 Cr as compared to Rs. 10-11 Cr YoY, which is 1.5% of sales
• The company has collaborated with Lubrizol to create a new product- Prince Flowguard Plus, the commercial production commenced in mid-October

Share is trading at a P/E of 18.2x FY22EPS

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*Lupin Ltd.* | *CMP* Rs. 944 | *M Cap* Rs. 42782 Cr | *52 W H/L* 1122/505
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 3835 Cr (8.7% QoQ, -12% YoY) vs expectation of Rs. 3777.5 Cr, QoQ Rs. 3527.9 Cr, YoY Rs. 4359.7 Cr
EBIDTA came at Rs. 581.2 Cr (19.1% QoQ, -20.5% YoY) vs expectation of Rs. 592.5 Cr, QoQ Rs. 488.1 Cr, YoY Rs. 731 Cr
EBITDA Margin came at 15.2% vs expectation of 15.7%, QoQ 13.8%, YoY 16.8%
Adj. PAT came at Rs. 213.5 Cr vs expectation of Rs. 233.8 Cr, QoQ Rs. 106.9 Cr, YoY Rs. 419.2 Cr
Quarter EPS is Rs. 4.7
Share is trading at P/E of 24.5x FY22E EPS


https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

DOW JONES UP 368
DOW JONES FUT UP 04
NASDAQ UP 430
NASDAQ FUT UP 70
SGX NIFTY UP 181


https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

HPCL Q2 profit more than doubles to Rs 2,477.4 crore; announces buyback of Rs 2,500 crore

Read more from "https://www.moneycontrol.com/news/business/markets/hpcl-q2-profit-more-than-doubles-to-rs-2477-4-crore-announces-buyback-of-rs-2500-crore-6066861.html"

Download moneycontrol app from "http://t.in.com/21DG"

Data - 05th Nov

FIIs action on net basis was muted, though they bought some stock futs👀

Nifty futs added OI while BN futs reduced OI👀

IV didn't increase, so expect fall in IV post event😅

Longs - KOTAKBANK, BAJFINANCE👍

Shorts - UPL, VEDL👎

Short squeeze in SUNPHARMA🧐

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

Stocks To Watch

HPCL: Announces share buyback worth Rs 2,500 crore. The board will buyback 10 crore shares or 6.56% of the total equity at Rs 250 per share. The buyback price is a 33.9% premium to Wednesday's closing price.

SRF: Board approves setting up of a second BOPP film line in Indore at a cost of Rs 424 crore. It will also set up a dedicated facility to produce 200 MT per year of P16 speciality product at Dahej at a cost of Rs 17.5 crore.

Jubilant Life Sciences: Board approved raising Rs 100 crore via NCDs. Company’s arm to acquire 25% stake in U.S.-based Sofie Biosciences for $25 million.

SBI Cards and Payment Services: Partners with Paytm to launch Paytm SBI Card.

Tube Investments: Board approved providing of guarantee(s) in favour of lenders of CG Power and Industrial Solutions towards
the financial assistance to be availed by CG Power for an aggregate amount of up to Rs.1,400 crore.

Kalpataru Power Transmission: All approvals for the sale of Alipurduar Transmission have been received. The company expects to receive cash proceeds this month.

Inox Leisure / PVR: Maharashtra Government allows Cinema halls / multiplexes to open with 50% of their seating capacity in areas outside the containement zone starting today. No eatables will be allowed inside. SoP will be issued by the cultural affairs department and local authorities.

Non-Nifty Earnings Today: Adani Power, Bajaj Electricals, Berger Paints, Birlasoft, CONCORF, Dalmia Bharat, Emami, GCPL, Gujarat Gas, Inox Leisure, Jamna Auto, Muthoot Capital, Torrent Power, Vinati Organics.

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

World Markets

Dow + 368
Nasdaq + 430
Dax + 235
Nikkei + 265
Hangseng + 650
Sgxnifty + 177 (12085)
Brent Crude 40.80
Dow Fut - 2

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

*SGX Nifty +182 pts (12090) from last trade 11908 ,*

Nikkei +301 pts ,
Hangseng +615 pts ,
Now @6.52am .

Dow +367.63 pts ,Nsdq +430.21 pts, S&P +74.28 pts , Bovespa +1887 pts  , Ftse +98 pts , Dax +235 pts , Cac +117 pts , Crude @ $39.05 brl (-0.10), Brent @ $41.20 brl (+1.49) , Gold @ 1906.10 (+9.90), Silver @ $24.025 (+0.132), Euro @ $1.1732, JPY @ $104.42, INR @ 74.365


*Today's Corporate Action*
*5th Nov Ex Date*
AMBUJACEM
Interim Dividend - Rs. - 17.0000

CASTROLIND
Interim Dividend - Rs. - 2.5000

CONTPTR
Stock  Split From Rs.10/- to Rs.5/-

ISEC
Interim Dividend - Rs. - 8.0000

KOPRAN
Interim Dividend - Rs. - 1.5000

MARICO
Interim Dividend - Rs. - 3.0000

SRD
Bonus issue 1:3

SUPPETRO
Interim Dividend - Rs. - 2.5000

SUPREMEIND
Interim Dividend - Rs. - 5.0000

VAIBHAVGBL
Interim Dividend


*Today's Board Meetings*
*5-Nov-20*
ABB
Quarterly Results

ADORWELD
Quarterly Results

ANDHRAPET
Quarterly Results

APARINDS
Quarterly Results

ASTRAZEN
Quarterly Results

CHAMBLFERT
Interim Dividend;Quarterly Results

CIGNITI
Quarterly Results

CONCOR
General;Quarterly Results

DISHTV
Quarterly Results

EMAMILTD
Interim Dividend;Quarterly Results

ESABINDIA
Quarterly Results

GODREJCP
Quarterly Results

GUJGAS
Quarterly Results

HEMACEM
Quarterly Results

ICRA
Quarterly Results

KILPEST
Quarterly Results

KIRANSY-B
Quarterly Results

MEWATZI
Quarterly Results

NOVARTIND
Quarterly Results

PRIMESECU
Quarterly Results

PRIVISCL
Quarterly Results

REGENTRP
Quarterly Results

RICHUNV
Quarterly Results

SAYAJIIND
Quarterly Results

SJCORP
Quarterly Results

SUMICHEM
Quarterly Results

TRENT
Quarterly Results

UNJHAFOR
Quarterly Results


*Stock under F&O ban on NSE*
*5-Nov-20*
None

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

Pledged Share Details

Adani Transmission: Promoter SB Adani Family Trust created pledge of 6.4 crore shares on October 29.

Adani Ports & SEZ: Promoter SB Adani Family Trust created pledge of 15.51 crore shares on October 29.

Sun Pharma: Promoter Shanghvi Finance created pledge of 27.75 lakh shares on October 29.

LT Foods: Promoter Raghuvesh Holdings released pledge of 30 lakh shares on November 3.

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

Who’s Meeting Whom

CRISIL: to meet PGIM India Asset Management on November 5.

CDSL: To meet IIFL AMC on November 5.

Dixon Tech: To meet Ward Ferry Management, Haitong Securities and other investors between November 5-10

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

Trading Tweaks

Move Into ASM Framework: Greenpanel Industries.

Move Out Of Short Term ASM Framework: Nahar Polyfilms, Music Broadcast.

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

Insider Trades

HFCL: Promoter MN Ventures acquired 10 lakh shares on November 4.

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

Money Market Update

The rupee declined for the third time in the last four trading sessions on Wednesday, ending at 74.76 against the U.S. Dollar, as compared to Tuesday's close of 74.41.

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

BULK DEAL AS ON 04-11-2020

ADANIPORTS
- 2.57 CRORE @ 352.01 EUROPACIFIC GROWTH FUND

MATRIMONY
+ 5 LK @ 628 SBI MUTUAL FUND
- 5 LK @ 628 CMDB II

INDORAMA
+ 41.64 LK @ 24.4 SHRUTI LOHIA
- 21.75 LK @ 24.4 AMIT GOEL
- 21.75 LK @ 24.4 ATUL GOEL https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*India Daybook – Stocks in News*


*SRF Q2:* Profit at Rs 315.0 crore versus Rs 301.0 crore, revenue seen at Rs 2101.0 crore versus Rs 1738.0 crore YoY (positive)

*Hind Petro:* Profit at Rs 2976.0 crore versus Rs 762.0 crore, revenue seen at Rs 61400.0 crore versus Rs 62500 crore YoY (Positive)

*Pidilite:* Profit at Rs 356.0 crore versus poll of Rs 275.0 crore, revenue seen at Rs 1880.0 crore versus poll of Rs 1690.0 crore YoY (Positive)

*Apollo Tyre:* Profit at Rs 200.0 crore versus poll of Rs 109.0 crore, revenue seen at Rs 4282.0 crore versus poll of Rs 4116.0 crore YoY (Positive)

*JK Lakshmi*: Profit at Rs 89.5 crore against Rs 48.7 crore; revenue rose to Rs 1132.0 crore from Rs 1012.0 crore YoY (Positive)

*Kalpataru Power:* Profit at Rs 139.0 crore against Rs 137.0 crore; revenue seen to Rs 3032.0 crore from Rs 33216.0 crore YoY (Positive)

*JSL Stainless:* Profit at Rs 172.0 crore against Rs 105.0 crore; revenue seen to Rs 2328.0 crore from Rs 2303.0 crore YoY (Positive)

*Nilkamal:* Profit at Rs 49.5 crore against Rs 49.0 crore; revenue seen to Rs 543.0 crore from Rs 576.0 crore YoY (Positive)

*Godrej Agro:* Profit at Rs 132.8 crore against Rs 81.1 crore; revenue seen to Rs 1710.0 crore from Rs 1846.0 crore YoY (Positive)

*Thermax:* Profit at Rs 31.2 crore against Rs 16.0 crore; revenue seen to Rs 1141.0 crore from Rs 1806.0 crore YoY (Positive)

*NELCO:* Profit at Rs 222.0 crore against Rs 153.0 crore YoY (Positive)

Maharashtra Government allows cinema halls, theatres, *multiplexes* to open with 50% (Positive)

*HPCL announces Rs 2,500 crore buyback at Rs 250 per share. (Positive)

*SBI Card* partners with Paytm to launch Paytm SBI Card (Positive)

*United Spirits:* Net Profit at Rs 128.0 crore versus poll of Rs 122.0 crore, Revenues at Rs 2145.0 crore versus poll of Rs 1890.0 crore, EBITDA at Rs 269.6 crore versus poll of Rs 256.0 crore. (Neutral)

*BASF Q2*: Consolidated profit at Rs 411.0 crore in Q2FY21 against Rs 2.0 crore; revenue rose to Rs 2396.0 crore from Rs 2074.0 crore YoY. (Neutral)

*Jubilant Industries Q2*: Consolidated profit at Rs 208.0 crore in Q2FY21 against Rs 273.0 crore; revenue rose to Rs 2326.0 crore from Rs 2232.0 crore YoY. (Neutral)

*Lupin:* Profit at Rs 211.0 crore against loss of Rs 127.0 crore; revenue seen to Rs 3835.0 crore from Rs 4359.0 crore YoY (Positive)

*EIH Q2:* Loss at Rs 134.0 crore versus profit of Rs 26.0 crore, revenue seen at Rs 72.0 crore versus Rs 335.0 crore YoY. (Neutral)

*Indian Hotels Q2:* Loss at Rs 252.0 crore versus profit of Rs 69.0 crore, revenue seen at Rs 256.0 crore versus Rs 1007.0 crore YoY (Neutral)

*TT LTD Q2:* Loss at Rs 2.6 crore versus loss of Rs 2.6 crore, revenue seen at Rs 98.9 crore versus Rs 84.3 crore YoY (Neutral)

*KEC Int:* Profit at Rs 143.0 crore versus Rs 139.0 crore YoY (Neutral)

*Adani green:* Profit at Rs 17.6 crore versus Rs 102.3 crore, revenue seen at Rs 529.0 crore versus Rs 460.0 crore YoY (Neutral)

*Dhanlakshmi Bank:* Profit at Rs14.0 crore versus Rs 22.1 crore, revenue seen at Rs 244.0 crore versus Rs 253.0 crore YoY (Neutral)

*EIH Associates:* Loss at Rs 10.7 crore versus profit Rs 5.1 crore, revenue seen at Rs 13.3 crore versus Rs 45.6 crore YoY (Neutral)

*Tata Motors:* S&P has revised the company’s outlook to Negative. (Neutral)

*Happiest Minds:* Profit declined QoQ by 32% to Rs 34.08 crore for the quarter ended Q2FY21. (Negative) https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead