Dividend Update
*Ambuja Cements Ltd. Interim Dividend Rs. 17 Ex Date 05-Nov-2020
*Castrol India Ltd. Interim Dividend Rs. 2.5 Ex Date 05-Nov-2020
*Continental Petroleums Ltd. Stock Split From Rs.10/ to Rs.5/ Ex Date 05-Nov-2020
*ICICI Securities Ltd. Interim Dividend Rs. 8 Ex Date 05-Nov-2020
*Kopran Ltd. Interim Dividend Rs. 1.5 Ex Date 05-Nov-2020
*Marico Ltd. Interim Dividend Rs. 3 Ex Date 05-Nov-2020
*Shankar Lal Rampal Dye-Chem Ltd. Bonus issue 1:3 Ex Date 05-Nov-2020
*Supreme Petrochem Ltd. Interim Dividend Rs. 2.5 Ex Date 05-Nov-2020
*Supreme Industries Ltd. Interim Dividend Rs. 5 Ex Date 05-Nov-2020
*Vaibhav Global Ltd. Interim Dividend Rs. 5 Ex Date 05-Nov-2020
*Cosmo Films Ltd. Buy Back of Shares Ex Date 06-Nov-2020
*LT Foods Ltd. Interim Dividend Rs. 0.5 Ex Date 06-Nov-2020
*Surya Roshni Ltd. Interim Dividend Rs. 1.5 Ex Date 06-Nov-2020 https://t.me/marketswizard

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Bulk Deal & Insider Trade Update
Bulk deal
*Matrimony.Com Limited : Sbi Mutual Fund Buy 500000 Shares @ Rs. 628

*Matrimony.Com Limited : Cmdb Ii Sell 500000 Shares @ Rs. 628

*Vikas Multicorp Limited : Albula Investment Fund Ltd Buy 4000000 Shares @ Rs. 7.65

*Siti Networks Limited : Idbi Trusteeship Services Ltd Sell 15016392 Shares @ Rs. 0.55

*Siti Networks Limited : Bp Equities Private Limited Buy 13800016 Shares @ Rs. 0.55

*Adaniports : Europacific Growth Fund Sell 25759633 Shares @ Rs. 352.01

Insider Trade
Acquisition
*MN Ventures Private Limited Promoter Acquisition 1000000 shares of Hfcl Ltd on 04-Nov-20

*Satish Pai Director Acquisition 65652 shares of Hindalco Industries Ltd. on 13-Oct-20

*Viswanathan Hariharan Kollengode & Jayalekshmy Viswanathan Director Acquisition 4500 shares of Welspun Corp Limited on 02-Nov-20

*SOUMYA CHAVA Promoter Group Acquisition 4400 shares of Laurus Labs Ltd on 02-Nov-20

*CHANDRAKANTH CHEREDDI Promoter Group Acquisition 3500 shares of Laurus Labs Ltd on 03-Nov-20

Disposal
*Gaurang Shah Director Disposal 12000 shares of Kotak Mahindra Bank Ltd. on 02-Nov-20

Pledge
*Shanghvi Finance Private Limited Promoter Group Pledge 2775000 shares of Sun Pharmaceutical Industries Ltd.

Revoke
*Nerka Chemicals Private Limited Promoter Revoke 4100000 shares of Upl Limited on 03-Nov-20

*RAGHUVESH HOLDINGS PRIVATE LIMITED Promoter Group Revoke 3000000 shares of Lt Foods Ltd. on 03-Nov-20 https://t.me/marketswizard

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*SERNET Morning Note*
5th Nov 2020

“NIFTY CROSSES THE 11,900 MARK”

 On Wednesday, the Indian markets bounced back to close above the 11,900 mark even as the Sensex closed decisively above the 40,000 level. The banking and financial stocks drove the rally even as RIL staged a huge comeback in the markets.

 There is a quick rally likely across the global markets as Biden gets closer to the magic 270 mark in the US elections. That is what the markets were anticipating and that puts to rest most of the concerns over the last few days about electoral uncertainty.

 FPIs were net buyers to the tune of Rs.146 crore while DFIs sold Rs.5 crore on Wednesday. The FPI flows could get a better sense of direction as the situation on the US electoral front becomes a lot clearer.

 It was a day of the bulls. The Dow was up 1.5% while the NASDAQ jumped nearly 4% on Wednesday. This trend was seen across Asia and Europe too. Even the SGX Nifty is nearly 2% higher at 12,100 levels in early trade and that promises a gap-up opening.

 As the situation in the US stabilizes, it is time to pick Infosys at Rs.1090 levels for upside targets of Rs.1250 on the stock. With a new government in place, the strategy towards Indian IT is likely to get a lot more sober and liberal.

 The results of Adani Enterprises may have shown a turnaround but the real cream would be the massive investments that the group is planning. Traders can look to buy Adani Enterprises at Rs.350 for upside targets of Rs.450 in 2 months time frame.

 Buy Apollo Tyres, where profits have more than doubled and volumes are now above pre-COVID levels. The stock is a good buy at Rs.145 for upside targets of Rs.185 on the stock in the short to medium term.

As Biden gets close to the 270 mark, it is likely to be a day when global markets are likely to rejoice. At least, there is now the promise of an end to uncertainty. https://t.me/marketswizard

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*Amid U.S. election uncertainty, Fed likely to lay low this week*

With the final result of Tuesday’s presidential election still uncertain, the U.S. central bank’s policy-setting Federal Open Market Committee is expected to stick closely to its last statement and repeat its pledge to do whatever it can to help the economy through the coronavirus-triggered recession.

*The Fed’s latest policy statement, due to be released at 2 p.m. EST (1900 GMT). Fed Chair Jerome Powell is scheduled to hold a news conference at 2:30 p.m. EST.*

Supreme Court adjourns #InterestWaiverCase hearing till November 18

*Cigniti Technologies Ltd.* | *CMP* Rs. 459 | *M Cap* Rs. 1276 Cr | *52 W H/L* 506/175
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 221.2 Cr (1.3% QoQ, 3.1% YoY) vs QoQ Rs. 218.4 Cr, YoY Rs. 214.6 Cr
EBIDTA came at Rs. 44.2 Cr (30.6% QoQ, 19.9% YoY) vs QoQ Rs. 33.8 Cr, YoY Rs. 36.9 Cr
EBITDA Margin came at 20% vs QoQ 15.5%, YoY 17.2%
Adj. PAT came at Rs. 25.2 Cr vs QoQ Rs. 29.1 Cr, YoY Rs. 35.7 Cr
Quarter EPS is Rs. 9.1
Share is trading at P/E of 11.4x TTM EPS

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*Ambika Cotton Mills Ltd.* | *CMP* Rs. 712 | *M Cap* Rs. 406 Cr | *52 W H/L* 948/390
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 145.6 Cr (46.9% QoQ, -9% YoY) vs QoQ Rs. 99.2 Cr, YoY Rs. 160.1 Cr
EBIDTA came at Rs. 25.7 Cr (70.7% QoQ, 8.5% YoY) vs QoQ Rs. 15 Cr, YoY Rs. 23.7 Cr
EBITDA Margin came at 17.6% vs QoQ 15.2%, YoY 14.8%
Adj. PAT came at Rs. 12.9 Cr vs QoQ Rs. 5 Cr, YoY Rs. 11.8 Cr
Quarter EPS is Rs. 22.6
Share is trading at P/E of 9.1x TTM EPS

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BULK DEAL OF 12 LAKHS SHARES IN VBL @ 682 IN NSE
CMP 689 +2

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*Emami Ltd.* | *CMP* Rs. 379 | *M Cap* Rs. 16847 Cr | *52 W H/L* 408/131
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 734.8 Cr (52.7% QoQ, 11.3% YoY) vs expectation of Rs. 683.3 Cr, QoQ Rs. 481.3 Cr, YoY Rs. 660.1 Cr
EBIDTA came at Rs. 257.1 Cr (109.1% QoQ, 33.2% YoY) vs expectation of Rs. 208.6 Cr, QoQ Rs. 123 Cr, YoY Rs. 193 Cr
EBITDA Margin came at 35% vs expectation of 30.5%, QoQ 25.5%, YoY 29.2%
Adj. PAT came at Rs. 118.5 Cr vs expectation of Rs. 143.5 Cr, QoQ Rs. 39.6 Cr, YoY Rs. 96 Cr
Quarter EPS is Rs. 2.7
Share is trading at P/E of 29.5x FY22E EPS

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*Bajaj Electricals Ltd.* | *CMP* Rs. 507 | *M Cap* Rs. 5775 Cr | *52 W H/L* 545/260
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 1217.7 Cr (100.2% QoQ, 11.1% YoY) vs QoQ Rs. 608.3 Cr, YoY Rs. 1095.7 Cr
EBIDTA came at Rs. 104.8 Cr (-581.8% QoQ, 339.4% YoY) vs QoQ Rs. -21.8 Cr, YoY Rs. 23.9 Cr
EBITDA Margin came at 8.6% vs QoQ -3.6%, YoY 2.2%
Adj. PAT came at Rs. 53.1 Cr vs QoQ Rs. -44.4 Cr, YoY Rs. -32.4 Cr
Quarter EPS is Rs. 4.7
Share is trading at P/E of 29.9x FY22E EPS

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*Caplin Point Laboratories Ltd.* | *CMP* Rs. 497 | *M Cap* Rs. 3757 Cr | *52 W H/L* 686/176
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 268.1 Cr (11.7% QoQ, 18% YoY) vs QoQ Rs. 240.1 Cr, YoY Rs. 227.2 Cr
EBIDTA came at Rs. 87.4 Cr (22.1% QoQ, 22.9% YoY) vs QoQ Rs. 71.6 Cr, YoY Rs. 71.1 Cr
EBITDA Margin came at 32.6% vs QoQ 29.8%, YoY 31.3%
Adj. PAT came at Rs. 62.8 Cr vs QoQ Rs. 54.5 Cr, YoY Rs. 57.3 Cr
Quarter EPS is Rs. 8.3
Share is trading at P/E of 12.7x FY22E EPS

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*Sumitomo Chemical India Ltd.* | *CMP* Rs. 285 | *M Cap* Rs. 14224 Cr | *52 W H/L* 317/151
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 902 Cr (39.3% QoQ, 8.9% YoY) vs QoQ Rs. 647.7 Cr, YoY Rs. 828.3 Cr
EBIDTA came at Rs. 218.9 Cr (84.4% QoQ, 34.1% YoY) vs QoQ Rs. 118.7 Cr, YoY Rs. 163.2 Cr
EBITDA Margin came at 24.3% vs QoQ 18.3%, YoY 19.7%
Adj. PAT came at Rs. 157.8 Cr vs QoQ Rs. 79.4 Cr, YoY Rs. 133.7 Cr
Quarter EPS is Rs. 3.2
Share is trading at P/E of 38.8x FY22E EPS

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*Praj Industries Q2FY21 Concall Update*
(Nirmal Bang Retail Research)

*Execution remains muted, Order Inflows flat in H1; although performance is expected to improve*

*Outlook: Positive in long term*

• Revenue came at Rs. 260 Cr (-12% YoY). Order inflow for the qtr was Rs. 405 Cr (-25% YoY) and for H1 at Rs. 715 Cr (+1% YoY).
• Order book improved to Rs. 1408 Cr vs QoQ Rs. 1263 Cr (+11%) & YoY Rs. 1130 Cr YoY (+25%). Order book has grown mainly due to lower execution since last 4 consecutive qtrs which witnessed negative revenue YoY growth.
• 70% mix of the order book is towards ethanol/bio-fuel, 22% towards Engineering/breweries and 8% towards Hi purity.
• Co is building four 2G bio refineries for GOI in total. Co has already progressed with 2 projects since last year.
• The Cabinet Committee on Economic Affairs has approved upward revision of ethanol prices from different routes. The rate for ethanol from C-heavy molasses (normal procedure) has been increased from Rs. 43.75 per litre to Rs. 45.69 and that of ethanol from B-heavy to Rs. 57.61 per litre from Rs. 54.27. Price of ethanol extracted directly from cane has been increased to Rs. 62.65 per iitre from Rs. 59.48 per litre.
• 362 distilleries have applied for loans worth Rs. 18k cr out of which 64 distilleries have been sanctioned loans worth Rs. 165 crore liter.
• This will increase the countries ethanol production from 426 crore litre to 591 crore litre.
• As on Sept 30, 2020, average ethanol blending rate in India is at 5.1% (200 crore litres) vs 5.0% last year. OMCs have targeted to procure 430 crore litre in FY22.
• OMCs, sugar mills and banks have agreed to a tripartite financing mechanism in an effort to boost the ethanol capacity of sugar mills.
• The Govt. under the "Sustainable Alternative Towards Affordable Transportation" (SATAT) policy, envisages implementation of 5,000 Compressed Bio Gas plants in the next 5 years. CBG is a complementary renewable transportation fuel to CNG. Avg ticket size of orders will be at Rs. 25-40 Cr for Praj. 500 entities have submitted EOI to Govt till now although this has not yet translated into order inflows. OMCs have announced a price of Rs. 46/kg until March 2024 and a minimum of Rs. 46/kg from 2024-29 period.
• Co has a market share in excess of 75% in biofuel & breweries /engineering.
• Tax rate will be at 20%.
• Cash in books is at Rs. 341 Cr

Share is trading at P/E of 15.3x FY22E EPS

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Tech Mahindra and Subex Partner to roll-out blockchain based solutions for telecom operators globally. These solutions will enable fraud mitigation and drive operational efficiencies for communication service providers (CSP) by reducing compliance complexities and faster time-to-market. *Positive –Subex*

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Positional

Buy Aurionpro at CMP of 71.7
Add more till 69
Sl 68 closing basis
Targets:- 75 - 78 - 81 - 84 - 88 - 91 - 95 - 100+

Disclaimer:- I am not SEBI Registered

*HPCL surges on strong results and buyback*

State-owned Hindustan Petroleum's shares rose 9.8% today after it announced a 135% year-on-year rise in net profit and a lucrative buyback proposal. The strong jump in net profit to ₹2,477 crore in Q2 was supported by lower inventory cost and gains in foreign currency transactions. The sale of the company's petroleum products has nearly back to last year’s levels with easing lockdown restrictions; sales had halved in April 2020. The company will buy back its shares to the tune of ₹2,500 crore at a maximum price of ₹250, at a premium of over 20% on today’s closing price.

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*Cinemas reopen in Maharashtra from today*

The Maharashtra government has allowed cinema halls in the state to resume operations from today, at 50% capacity. While people are unlikely to rush to theatres immediately, this development marks a change in the status quo and a positive one at that. Stock markets generally respond well to positive changes, and this was visible in the shares of major multiplex operators, such as PVR (+10.0%) and Inox (+4.5%). Reopening of cinemas in Maharashtra was critical to the movie industry because the state contributes 30–35% of the total box office collections. This reopening comes ahead of Diwali, adding to the festive cheer.


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Fosun-owned Gland Pharma IPO price band at ₹1,490-1,500, offer opens 9 Nov - https://www.livemint.com/market/stock-market-news/fosun-owned-gland-pharma-ipo-price-band-at-rs-1-490-1-500-offer-opens-9-nov-11604470297260.html Download mint app for latest in Business News - https://bit.ly/32XEfFE

*Cinemas reopen in Maharashtra from today*

The Maharashtra government has allowed cinema halls in the state to resume operations from today, at 50% capacity. While people are unlikely to rush to theatres immediately, this development marks a change in the status quo and a positive one at that. Stock markets generally respond well to positive changes, and this was visible in the shares of major multiplex operators, such as PVR (+10.0%) and Inox (+4.5%). Reopening of cinemas in Maharashtra was critical to the movie industry because the state contributes 30–35% of the total box office collections. This reopening comes ahead of Diwali, adding to the festive cheer.

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Top Holdings of LIC of India

🏛️ RIL - 80.36K Cr
🏛️ ITC - 38.63K Cr
🏛️ TCS - 36.07K Cr
🏛️ Infosys - 29.45K Cr
🏛️ IDBI Bank - 21.46K Cr
🏛️ HDFC - 16.93K Cr

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