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


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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"

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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🧐

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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.

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World Markets

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

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*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

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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.

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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

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Trading Tweaks

Move Into ASM Framework: Greenpanel Industries.

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

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Insider Trades

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

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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.

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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

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*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

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*Jubilant Life – Q2FY21 Concall Update – Nirmal Bang Sec.*
*Outlook – Positive*
*With the strong demand recovery and new business sign-ups, the strong performance in Pharma, LSI and DDDS businesses is expected to continue in the H2’FY21*
The stock is trading at 10x FY22E consensus earnings


• “Q2’FY21 has witnessed a substantial improvement over the previous quarter despite continued adverse impact of the COVID-19 pandemic in at least the first half of Q2
• *During H1’FY21, the Company reduced net debt on a constant currency basis by Rs 193 Cr* post Rs 515 cr reduction in FY20. *The company remained focused on further deleveraging*
• Reorganisation of the company is likely to be complete by Jan’21. It got delayed to Covid
• Expect incremental Rs 500 cr revenues from Covid related drugs in next 18-24 months
• Pharma – grew by 4%yoy
o performance improved substantially QoQ led by growth in CMO and Generics.
o CDMO business Entered into an additional deal in Q2, apart four separate clinical and commercial supply agreements for COVID-19 treatment and vaccine candidates in Q1. Remdesivir of Gilead approved by the US FDA has started to contribute to CMO revenue growth
o In API, revenues picked up with resumption of operations at Nanjangud facility. *Strong order book to allow for growth over the coming quarters*
o Radiopharma continued to have a temporary negative impact due to COVID-19 related restrictions on hospital visitations however the business is still at about 90% of pre-COVID level
o Ruby-Fill commercial launch in Europe planned in FY21
o Allergy business volumes had normalized to 100% of pre-COVID levels during Q2’FY21. Efforts on growing volumes in non-US markets
o Generics revenue grew by 40% yoy led by strong performance in key products in the US market and by launch of remdesivir in various countries including India
o *With the gradual opening of the US healthcare markets, demand conditions have started improving and the company is continuing to see improvement in volumes*
o *The company continue to see new business opportunities in CDMO, Generics and Specialty Pharma segments*
o Jubilant has entered into a strategic partnership with SOFIE Biosciences, an innovation leader in molecular theranostics. Jubilant, with 25% equity holding, will be the largest shareholder of SOFIE. SOFIE’s business lines are highly synergistic to Jubilant Radiopharma. Jubilant has invested $25mn for 25% stake
• LSI – grew by 4%yoy
o performance continued to be strong on both qoq and yoy basis
o The segment reported higher profitability both on yoy and qoq. Strong improvement in profitability is driven by improvement in prices of Specialty Intermediates, Nutritional Products and higher demand of Life sciences chemicals
o Specialty Intermediates - Pharmaceutical segment witnessed significant improvement in demand though Agrochemical segment witnessed lower demand driven by extreme weather conditions in certain geographies like Cold
o Nutrition - Revenue increased by 11% YoY led by better prices of Vitamin B3. After a strong start to the quarter, customers started to destock especially in geographies where lockdowns began to ease, partly levelling out the strong demand acceleration in Q1. *Expect volumes to improve further while pricing scenario is likely to be firm*
o Life Science Chemicals - witnessed strong demand of all the products including Acetic Anhydride in domestic and export market driven by good demand in Pharma segment
o *Management expects the segment to report double digit growth with improved margins in FY21*
• DDDS
o segment witnessed strong year-on-year growth in revenues led by healthy demand from customers https://t.me/marketswizard

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