Equity99

*Indian Equities Pre Open Update*


Indian equities expected to open with flat note while market expected to remain focused on domestic cues.

*Global Peers Update:* Asian stocks opened with the flat note while mixed trend has seen in opening trade. U.S. stock index futures are trading with marginal cuts as markets digested a mixed showing from Nvidia, which clocked strong earnings but presented mixed guidance.

*Sectors to Watch:* Telecom, Selective Tech, Tourism and Oil upstream stocks likely to remain on focus during the day.

*GIFT NIFTY Price* 23547.0 *Adjusted Change:* +14.0 Points, Percent Change: +0.06%

*Technical Levels: Nifty Near Future*

*Support*: 23454.0/23365.0
*Resistance*: 23649.0/23740.0

*Technical Levels: Bank Nifty Near Future*

*Support*: 50286.0/50160.0
*Resistance*: 50754.0/50902.0

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Nissan Motor India commences export of new SUV Magnite to South Africa
📝 NTPC Green Energy IPO subscribed 33% on Day 1; retail portion fully booked
📝 Godrej Industries raises Rs 1,000 crore through NCDs in two tranches
📝 4.8 mn weddings boost business for jewellery, apparel, auto, and hotels
📝 EV players seek GST cut on batteries, charging services to boost adoption
📝 Russia's seaborne crude oil exports fall to lowest since September
📝 Hyderabad shines as fastest-growing city driven by real estate growth
📝 India among our top three focus markets globally, says Pearson executive
📝 Bio-plastics emerge as green alternative revenue play for sugar producers
📝 TAFE, AGCO claim legal relief from Madras HC in tractor brand dispute
📝 Sundaram Home Finance to expand in tier-3 towns of Western Tamil Nadu
📝 Sony in talks to buy Japan's media giant behind 'Elden Ring' video game

*Economic Times*

📝 Havells India to invest Rs 480 cr on new refrigerator manufacturing plant in Rajasthan
📝 Colt DCS, RMZ form joint venture to invest $1.7 billion in India data centres
📝 TS Suites by TableSpace Targets Rs 800 crore revenue by 2025, to enter newer cities
📝 BSE500 earnings downgraded by 3%; H2FY25 asking rate high: Nuvama
📝 Three-fourths of top taxpayers back Standard Audit File for Tax, Tax E-Wallet: Deloitte survey
📝 Birla Opus Paints opens 4th plant, eyes Rs 10,000 crores in revenue in first three years
📝 Walmart's promise of low prices proves to be a powerful draw in the third quarter
📝 Paytm UPI goes global; app users can make payments at select international locations
📝 FLY91 adds Solapur to its destination network
📝 NFO Alert: PGIM India Mutual Fund launches healthcare fund
📝 Indian steelmakers make new push for temporary tax to check cheap imports
📝 Waaree’s gross margins are much higher than last quarter and even on a H1 basis: CFO

*Mint*

📝 Meta to challenge ₹213-crore penalty by CCI over WhatsApp privacy policy
📝 RMZ, Colt DCS form JV to invest $1.7 billion in data centres across cities
📝 FICCI's EV head calls for tax cuts on batteries, charging to lower costs
📝 LTIMindtree extends contract with European Paytech provider Nexi Group
📝 Lightspeed set to lead clean-tech startup SolarSquare’s $30 mn funding round
📝 India should secure supply chains for nuclear fuel, says MEA special secretary
📝 JioStar, Prime Video set to transform India's advertising ecosystem
📝 NABH and RSSDI collaborate to improve quality of diabetes care in India
📝 P.F. Chang's expands its Pan-Asian Dining Experience to DLF Mall of India, Noida (NCR)
📝 India prioritizes equity, balance in free trade agreements: Piyush Goyal
📝 Apollo Tyres has to cover a lot of ground to reverse under-performance

99 k sellers left circuit open any time

Average From Lower Levels

Ready To open Lower circuit 🚀

Small Size SME IT Stock Highly Undervalued

Potential multiple

( Huge Order Book )

Globe secure Technology ( GSTL ) SME NSE

Cyber Security company betting big on Telecom play


Recent order wins ( Very Important)

Company has entered into agreement with BSNL for providing FTTH connections in service ready GPs worth 80Cr in 3 years time. The work order is a part of BSNLs Bharat Net project. Company has also recently won order worth 5Cr from Rural Infratel International Limited & ~2Cr from MCX.

Corporate Information

GSTL is a digital transformation company with a focus on cyber security. Company has executed cybersecurity transformation projects, infrastructure, and digital transformation projects for various institutions and also provided similar independent services viz. consultation, architecture, solution design, implementation, monitoring and providing managed services.

Financial results updates

Company reported almost 100% growth in sales in H1FY24 at 10.05Cr against 5.54Cr in same period previous year. Its EBITDA stood at 1.29Cr vs 0.97Cr. Company reported PAT of 0.21Cr for H1FY24.

Cyber security sector update

Surging demands for the security protocols and processes due to increasing data theft is actively driving the growth of the Indian Cyber Security Market in the upcoming five years. Complaints about the data breach from cyber companies and hacking attempts, cyber phishing, foreign espionage, etc., are majorly driving the market growth. Increased usage of cloud-based services and storage & sharing of data online are also increasing the demand for cyber security and thus supporting the growth of the Indian Cyber Security Market in the next five years. The cyber security market is expected to be worth USD3543.37 million by FY2027.

Investment Rational

Company operates in niche sector providing services to marquee clients. The BSNL order of 80Cr is expected to be a game changer for this counter considering its market cap of just 71.5Cr. Considering the recent updates in this counter we expect it to make good run in short period.

Hidden Stock

Can be 3x / 4x long Term

GSTL GLOBE SECURE TECHNOLOGY Cyber security focused company has Mcap of just 92Cr against recent order wins of 87Cr looking at the prospects of Cyber security market in India, this stock can perform well in coming time.

🚀🚀🚀 2 years high 164 and currently available @ 39very low rate 🚀🚀🚀

✈️✈️ Paytm ✈️✈️

Yesterday we discussed about Digital Inida Theme, check Paytm now which is trading above 811 & made high of 825. Bigger and greater moves ahead towards its test levels .

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Indian Railways plans 23 new container terminals to enhance cargo movement
📝 Tyre makers expected to see 7%-8% revenue growth this fiscal: CRISIL
📝 ESB chairperson Mallika Srinivasan gets one-year extension beyond 65 yrs
📝 Port delays and red tape strain India's 10,000 steel user units: GTRI
📝 Spirit Airlines files for bankruptcy after long run of quarterly losses
📝 SBI raises Rs 10,000 crore through 15-year infrastructure bonds at 7.23%
📝 Taiwan seeks economic partnership with EU to boost semiconductor ties
📝 India's Apollo Radiology acquires reporting wing of UK's InHealth Group
📝 Alibaba plans to raise $5 billion through dual currency bond issuance
📝 Goldman Sachs, Morgan Stanley downgrade China's economic growth outlook
📝 RBI to launch cloud services in 2025 to challenge global firm dominance
📝 Paddy procurement begins, target set to purchase 16 million tonnes

*Economic Times*

📝 Indian REITs distribute Rs 2,754 crore in H1 FY24, up 14% YoY
📝 India's GCC ecosystem set to hit $100 billion by 2030: report
📝 GST Council to hold 55th meet on December 21 in Jaisalmer, Rajasthan
📝 Cost of borrowing very stressful, banks need to make interest rates affordable: FM Sitharaman
📝 Bajaj Finance FD book rises 21 pc to Rs 66,131 cr as on September-end
📝 MakeMyTrip to acquire Happay Expense Management Platform from CRED
📝 IndiaMart hires UpGrad's Saurabh Deep Singla as chief HR officer
📝 Hindalco expects to gain from China scrapping export tax rebate
📝 The Good Glamm Group completes acquisition of The Moms Co
📝 Govt to exceed FY25 direct tax collection target: CBDT chief
📝 HCLSoftware appoints Vikrant Chowdhary as SVP & country head for India
📝 SBI to open 500 new branches in the financial year 2025, says Nirmala Sitharaman

*Mint*

📝 Tata Electronics to buy 60% stake in Pegatron's iPhone plant: Report
📝 RBI to take on Google, Microsoft with its first-ever cloud platform: Report
📝 India likely to attract USD 20-25 billion FPI inflows in FY25, recent outflow temporary: Bank of Baroda
📝 Urban labour market shows improvement as unemployment declines in September qtr
📝 Pharma, electronics and engineering goods among India's top exports in Apr-Oct
📝 Click2Pro Expands Mental Health Consultation Services across India
📝 Geniemode eyes ₹500 cr fundraise from new and existing investors
📝 Nykaa’s beauty business growth is a highlight, but margin is a sore spot
📝 HealthKart raises $153 million led by ChrysCapital, Motilal Oswal Alternates
📝 Oman’s OQ Seeks to Raise $490 Million From Methanol Unit IPO
📝 WeWork India appoints Jitendra Mohandas Virwani as non-executive chairman, Karan to be MD & CEO

*ABB India:* Company gets warning letter from SEBI for insider trading by two designated persons of the Company (Negative)

*Vodafone Idea:* Company says Rs 25,000-crore fundraising is delayed over AGR issue. (Negative)

*IGL:* Company says Further reduction in gas allocation communicated by GAIL effective November 16. (Negative)

*Adani Total:* GAIL further reduces allocation of APM gas by 13% effective November 16. (Negative)

*Reliance Power:* SECI weighs criminal action over fake documents (Negative)

*RCom:* Canara Bank classifies accounts of company and its arm, Reliance Telecom as 'fraud.' (Negative)

*Sterlite Tech:* ICRA revises outlook to stable from Negative, downgrades rating to AA- from AA on select bank loan facilities. (Negative)

*Grasim:* Net Profit at Rs 1108 crore versus Rs 2024 crore, Revenues at Rs 33563 crore versus Rs 30220 crore (Negative)

*GSFC:* Company expects rising raw material costs to eat into its margins in second half of ongoing fiscal. (Negative)

*Honasa Cons:* Net loss at Rs 19 cr vs Rs 29 cr, Revenue at Rs 462 cr vs Rs 496 cr (YoY) (Negative)

*JTEKT:* Net profit at ₹19.5 cr vs ₹30.2 cr, Revenue at ₹605.3 cr vs ₹584 cr (YoY) (Negative)

*Shriram Properties:* Net loss at Rs 0.79 cr vs Rs 20.1 cr, Revenue at Rs 140 cr vs Rs 210 cr (YoY) (Negative)

*Honda India Power:* Net profit at Rs 8.54 cr vs Rs 31.2 cr, Revenue at Rs 180 cr vs Rs 280 cr (YoY) (Negative)

*Ratnamani Metals:* Net profit at Rs 100 cr vs Rs 164 cr, Revenue at Rs 970 cr vs Rs 1131 cr (YoY) (Negative)

*Genus Paper:* Net loss at Rs 0.4 cr vs profit Rs 4.1 cr, Revenue at Rs 210 cr vs Rs 190 cr (YoY) (Negative)🌹