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Mid and Small-caps have been at the center of market conversations lately. Let’s unpack some fascinating data and trends shaping this space.

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Key Stock Updates

🔸JSW Cement plans to launch its IPO in Jan-2025.

🔸JSW Steel has informed the exchanges that it has been declared the preferred bidder for Codli Mineral Block XII, Dharbandora, Goa.

🔸Bharat Petroleum Corp. Ltd (BPCL) will establish the refinery and hub on 1,000 acres of land which will entail a capex of Rs 60000 crore and formal announcement to be made at the end of the month.

🔸Coforge has completed its open offer for Cigniti Technologies Limited, acquiring an additional 4.69% of the company's shares at a price of ₹1,415 per share.

🔸Adani Energy Solutions has signed a pact with PFC Consulting Ltd for acquisition of a project special purpose vehicle - Pune III Transmission Ltd.

🔸Bharti Airtel has awarded a multi-billion deal to Finnish telecom gear maker Nokia for extension of 4G and 5G contracts.

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Market Outlook

🔸Sensex and Nifty 50 are likely to open flat to negative, as trend in GIFT Nifty suggest a lower start for the broader index.

🔸Asian markets were trading lower.

🔸US markets closed mixed on Wednesday, as investors worried about escalating Russia-Ukraine tensions. The Dow Jones Industrial Average rose 139.53 points, or 0.32%, to 43,408.47, the S&P 500 gained 0.13 points, or 0.00%, to 5,917.11 and the Nasdaq Composite lost 21.32 points, or 0.11%, to 18,966.14.

Market Yesterday

🔸The Indian equity markets snapped a seven-day losing streak and ended higher in the volatile session on November 19.

🔸At close, the Sensex was up 239.37 points or 0.31 percent at 77,578.38, and the Nifty was up 64.70 points or 0.28 percent at 23,518.50.

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Large Caps with an operating margin of over 5%, reflecting a 5% year-on-year growth, along with a positive profit after tax, and a market capitalization exceeding ₹1,00,000 crore.

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NTPC Green Energy IPO 🌱 has been subscribed 31% on Day 1, with retail at 1.27x. Are you applying?
Poll
  •   Yes
  •   No
  •   Still analyzing
3809 votes


🙏🏼Shubh Nivesh: Bank of Baroda Ltd (#BANKBARODA)

🔸Initiation Price: ₹ 242.30
🟢Target: ₹ 300
⏳Target Period: 12 months
⏫Potential upside: 24%
⭐Steady outlook to aid valuations...

A report on this research recommendation was sent to all ICICI Direct clients on November 18, 2024.

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Fraudsters create groups on messaging apps and lure you with promises of high returns. 🚀

🚨 Stay alert and never become part of such groups. Do your own research before investing.


Key Stock Updates

🔸NETRA, the R&D centre of NTPC, is setting up a 1 TPD seawater to green hydrogen plant at NTPC Simhadri near Visakhapatnam in Andhra Pradesh.

🔸Adani Group will invest about USD 35 billion over the next five years to set up large-scale solar, wind and hybrid plants across different parts of the country.

🔸Tata Elxsi and Suzuki Motor Corporation have launched the ‘SUZUKI-TATA ELXSI Offshore Development Center’ in Pune, India, to drive innovation in sustainable automotive engineering.

🔸State Bank of India raised Rs 10,000 crore through 15-year infrastructure bonds at a 7.23% coupon rate, marking the narrowest spread (18 bps) over G-sec yields in FY25.

🔸Ashoka Buildcon was declared lowest bidder (L-1) for projects worth Rs 2791 crore by NHAI for the development of 4 lane economic corridor from Kharagpur to Chandrakona- Ghatal Road and Bowaichandi to Guskarakatwa road in the state of West Bengal under hybrid annuity mode (HAM)

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Market Outlook

🔸Sensex and Nifty 50 are likely to open higher, as trend in GIFT Nifty suggest a positive start for the broader index.

🔸Asian markets were trading firm.

🔸US markets closed mixed on Monday, as investors anticipate quarterly earnings from AI leader Nvidia and Tesla.
- Dow Jones: -55.39 points (-0.13%), closes at 43,389.60
- S&P 500: +23.00 points (+0.39%), ends at 5,893.62
- Nasdaq: +111.69 points (+0.60%), finishes at 18,791.81

Market Yesterday

🔸The Indian equity indices ended lower on November 18.
- Sensex: -241 points (-0.3%), closes at 77,339
- Nifty: -79 points, ends at 23,454

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NTPC Green Energy IPO: A Green Opportunity for Investors 🌱

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Result Update - L&T Finance Ltd (#LTF)

🛒CMP: ₹ 138.56
⏳Duration: 12 months
🟢Target: ₹ 180.00
⏫Potential upside: 30%
⭐Strategy on track; asset quality strong despite headwinds…

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Major Economic Events this Week

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Key Stock Updates

🔸Infosys Knowledge Institute's CMO Radar 2024 report reveals that while most companies have adopted AI in marketing, 48% of AI deployments fail to deliver business value.

🔸Wipro's collaboration with Sipchem for implementing SAP S/4HANA has been completed.

🔸Reliance Industries and Disney completed a transaction to form a joint venture for entertainment brands in India. RIL invested Rs 11,500 crore in growth capital in the joint venture. Three Chief Executive Officers will spearhead the JV.

🔸SBI has raised its marginal cost of funds-based lending rate (MCLR) by 5 bps for select tenors w.e.f 15th November 2024. The three-month, six-month & one-year MCLR rates will increase to 8.55%, 8.90%, and 9% respectively, while rates for other tenors remain unchanged.

🔸Hindustan Zinc has emerged as a preferred bidder for the Dugocha Gold & Associated Mineralization gold mine block, which is located in Salumber, Rajasthan.

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India’s OTT Sector: The Growth Engine You Can’t Ignore!

India's $28 billion entertainment market is evolving rapidly with OTTs— mergers, regional content, and a booming AVoD model are reshaping the game.

A 🧵 on the numbers and trends driving this space!

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Imagine this - you’ve shortlisted two companies you’re excited to invest in. Both are in the same sector, have similar market caps, and boast strong technical. So, which one would you choose to invest in?

Well, one way to compare them is by examining what percentage of their assets are financed by debt capital. And not so coincidentally, for today’s Word of the Day, we’ll be exploring the Debt-to-Total Asset Ratio.

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The Q2FY25 earnings report card is out! While Nifty posted a 3% PAT growth, the story goes beyond the numbers. Who shined? Who stumbled? And where is the market headed next?

Let’s break it down sector by sector👆

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Your credit score could be the key to better loan rates and faster approvals! 💳

Learn why a deep dive into your credit report matters and If you found this helpful, give it a 👍!

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Eicher Motors Q2FY25 Highlights

🟢 BUY with a target price of ₹ 5,750, on a SoTP basis (30x PE to RE business & 25x PE to VECV arm- FY26E).

🔸 Revenue - ₹4,263 crore (up 4% YoY)

🔸 EBITDA - ₹1,088 crore; Margin at 25.5% (down 101bps QoQ)

🔸 PAT - ₹1,100 crore (up 8.3% YoY)

🔸 VECV Contribution - ₹114 crore in profit; 7.1% EBITDA margin (down 50bps QoQ)

Growth Drivers - Successful launches like Guerilla 450, Bear 650, Flying Flea EV models (Classic C6 & Scrambler S6)

Outlook - Strong H2 growth expected, with festive demand, new product momentum, and government-driven CV demand

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Weekly #StockMarket Wrap!

1⃣ The Week That Was...
2️⃣ What to expect
3️⃣ CPI Inflation
4️⃣ MF monthly flows data: scaling new highs

and don't miss the hidden gem recommendation at the end!

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Key Stock Updates

🔸Eicher Motors' total operating income for the quarter came in at ₹4,263 crore (up 4% YoY) amid flattish Royal Enfield sales volume at 2.27 lakh units.

🔸RBI has reaffirmed SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), requiring them to maintain additional Common Equity Tier 1 (CET1) capital.

🔸As per media sources, State Bank of India plans to raise Rs 10,000 crore through 15-year infrastructure bonds, with an expected coupon rate of 7.15%-7.18%.

🔸Tata Power Renewable Energy Ltd. has commissioned 126 MW Floating Solar project in Omkareshwar, Madhya Pradesh.

🔸NHPC anticipates that all 4 units of Parbati - II HE Project (800MW), Himachal Pradesh will be commissioned by March 2025.

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