market outlook report by imperial finsol pvt. ltd
DESCRIPTION
Nifty opened Positive today at 12960.30 on 23rd November 2020, after making a gap up today, a small profit booking seen in nifty in the first half and after making a day low of 12825.70 fresh buying and strong pullback comes in nifty and made a new all-time high of 12968.85 and closed at 12926.45.TRANSCRIPT
MARKET OUTLOOK REPORT
Figure. Nifty50 Intraday chart
Index Previous close Open High Low Close Change %
Nifty 50 12859.05 12960.30 12968.85 12825.70 12926.45 +0.52%
Sensex 43882.25 44164.17 44271.15 43747.22 44077.15 +0.44%
Nifty Bank 29236.00 29432.80 29492.30 28852.90 29024.20 -0.72%
Nifty opened Positive today at 12960.30 on 23th November 2020, after making a gap up today, a small profit booking seen in nifty in first half and after making a day low of 12825.70 fresh buying and strong pullback comes in nifty and made a new all-time high of 12968.85 and closed at 12926.45.
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23th November 2020
Top Performing Sectors
IT IS THE BIGGEST GAINER OF THE DAY GAIN 2.79%, INFY AND TECHM PERFORMED MORE THEN 3% AND LTI LEADS WITH 5.58% GAIN
IT
22007.05
+2.79%
PHARMA
11737.20
+1.83%
METAL
2808.60
+1.22%
REALTY
253.75
+0.97%
23th November 2020
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Top Trending News
➢ HAL: CO SAYS INDIGENOUS INTERMEDIATE JET TRAINER DEVELOPED BY CO TO REPLACE IAF’S KIRAN AIRCRAFT FLEET.
➢ MAHARASHTRA MIN: SAYS DECISION IN 8 DAYS ON FLIGHTS, RAILS & ROAD TRAVEL TO DELHI AMID RISING COVID-19 CASES
➢ HESTER BIOSCIENCE: CO LAUNCHES THE THERMO-TOLERANT PPR VACCINE BY HESTER NEPAL
➢ INDIA CEA: OPTIMISTIC ON INDIA ECON SEEING HIGH-FREQUENCY INDICATORS | INDIA IS SEEING V-SHAPED RECOVERY
➢ GLENMARK PHARMA: CO RECENTLY PUBLISHED DATA ON FAVIPIRAVIR AS TREATMENT FOR MILD TO MODERATE COVID-19 DEMONSTRATES SIGNIFICANT IMPROVEMENT IN TIME TO CLINICAL CURE | THESE FINDINGS WERE OBSERVED IN A PHASE 3 CLINICAL TRIAL CONDUCTED BY CO
➢ OXFORD UNIVERSITY - PHASE 3 INTERIM ANALYSIS INDICATES THAT VACCINE IS 70.4% EFFECTIVE WHEN COMBINING DATA FROM TWO DOSING REGIMENS
➢ MAX VENTURES: MAX ESTATE STARTS CONSTRUCTION OF COMMERCIAL REALTY PROJECT MAX SQUARE IN NOIDA AT RS 400 CRORE COST, WITH NEW YORK LIFE INSURANCE COMPANY AS FINANCIAL PARTNER
➢ UNION HEALYH MINISTER: SAYS 25 TO 30 CR INDIANS WILL BE VACCINATED BY SEP 2021
➢ COAL INDIA: CO PLANS TO SET UP 3 GW SOLAR POWER PROJECTS WORTH RUPEES 56.50B
23th November 2020
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Stocks in Action
STOCK PRE.CLOSE OPEN HIGH LOW CLOSE
BAJAJHLDNG 3008.80 3100.00 3279.00 3027.40 3246.90
ONGC 71.65 72 77.80 71.80 76.50
LTI 3091.60 3120.00 3289.55 3110.00 3264.15
MOTHERSUMI 139.55 140.90 148.30 140.80 146.60
INDUSINDBK 811.00 836.00 880.90 832.50 849.75
ADANIGREEN 1134.55 1155.00 1191.25 1150.10 1180.30
GICRE 125.75 126.00 131.70 125.65 130.55
GAIL 97.45 99.00 101.50 97.60 100.90
DRREDDY 4670.95 4685.00 4870.00 4671.10 4828.75
TECHM 837.55 838.00 869.40 836.75 865.75
23th November 2020
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Corporate Actions
➢ TIDEWATER (Interim Dividend Rs. 100 Per Share 23th November)
➢ PRECWIRE (Interim Dividend Rs 1 Per Share 23th November)
➢ PETRONET (Interim Dividend Rs 8 Per Share 23th November)
➢ AUROPHARMA (Interim Dividend Rs 1.25 Per Share 23th November)
23th November 2020
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Top Picks for Tomorrow
LUPIN Sector: Pharma.
Important Parameters:
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH DEBT CASH
40130.85 CR. 46.24 19.15 -2.91% 6.13% 5.83 CR. 1305.93 CR.
FUNDAMENTALS
• Company is virtually debt free. • Company has a healthy Interest coverage ratio of 21.01. • The Company has been maintaining an effective average operating margins of 25.85% in the last 5 years. • Company has a healthy liquidity position with current ratio of 4.24. • The company has a good cash flow management; CFO/PAT stands at 1.39.
Stock Current market price
Positional
target
LUPIN 880 950
23th November 2020
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COLPAL Sector: Household & Personal Products.
Important Parameter
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH DEBT CASH 42613.35 CR 48.67 32.19 1.40% 18.04% 0.0 CR 421.27 CR
FUNDAMENTALS.
• The company has significantly decreased its debt by 83.14 Cr. • Company has been maintaining healthy ROE of 51.48% over the past 3 years. • Company has been maintaining healthy ROCE of 70.88% over the past 3 years.
• The Company has been maintaining an effective average operating margins of 24.49% in the last 5 years. • The company has an efficient Cash Conversion Cycle of -30.30 days. • The company has a good cash flow management; CFO/PAT stands at 1.15. • The company has a high promoter holding of 51%.
Stock Current
market price
Positional target
COLPAL 1560 1670
23th November 2020
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Disclaimer
This document has been prepared for IMPERIAL FINSOL PVT. LTD. by Mr. Praveen Dubey NISM (201800048686) is a Research Consultant for Imperial Finsol Pvt. Ltd. This Market Outlook is intended for use only by the person or entity to which it is addressed to. This Document may contain confidential and/or privileged material and is not for any type of circulation and any review, retransmission, or any other use is strictly prohibited. This Document is subject to changes without prior notice. This document does not constitute an offer to sell or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all customers who are due to receive the same, not all customers may receive this report at the same time. Imperial Finsol Pvt. Ltd. Does not carry any responsibility in case to whomsoever using the information of this newsletter content and data
23th November 2020
www.imperialfin.com [email protected] +91-9595889988