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Nifty opened a Positive gap up today at 12906.45 on 26th November 2020, in first-half session profit booking was seen in nifty as yesterday’s market after a day low of 12790.40 fresh buying came in the second half and after making a day high of 13018 nifty closed at 12987.00.
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MARKET OUTLOOK REPORT
Figure. Nifty50 Intraday chart
Index Previous close Open High Low Close Change %
Nifty 50 12858.40 12906.45 13018.00 12790.40 12987.00 +1.00%
Sensex 43828.10 43967.59 44361.78 43582.40 44259.74 +0.98%
Nifty Bank 12858.40 12906.45 13018.00 12790.40 12987.00 +1.00%
Nifty opened Positive gap up today at 12906.45 on 26th November 2020, in first half session profit booking seen in nifty as yesterday’s market after a day low of 12790.40 fresh buying came in second half and after making a day high of 13018 nifty closed at 12987.00.
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26th November 2020
Top Trending News AJANTA PHARMA: BUYBACK TO OPEN ON DECEMBER 3 & CLOSE ON DECEMBER 16
RBI GOVERNOR: FOREIGN INVESTMENT LIMITS HAVE BEEN GRADUALLY INCREASED, PROCEDURES HAVE ALSO BEEN RATIONALISED
CG POWER: CO ALLOTS 642.5M SHARES AT RUPEES 8.56 EACH TO TUBE INVESTMENTS.
ADANI ENTERPRISES: CONCESSION AGREEMENT TO BE SIGNED FOR 3 AIRPORT BY DEC BETWEEN AAI & ADANI GROUP, SECURITY CLEARANCE PENDING FOR JAIPUR, TRIVANDRUM, GUWAHATI AIRPORTS.
RAYMOND: CO APPROVES ISSUE AND ALLOTMENT OF NCDS UPTO RUPEES 400M ON PVT PLACEMENT BASIS.
GOV.: MAN MADE FIBERS AND TECHNICAL TEXTILES WILL BE GIVEN PRIORITY, GOVT. TO SPEND 106.83B RUPEES TO BE SPENT IN 5 YEARS UNDER THE SCHEME.
CG POWER: CO ALLOTS 642.5M SHARES AT RUPEES 8.56 EACH TO TUBE INVESTMENTS
MAJESCO: RAJASTHAN GLOBAL SECURITIES ACQUIRED 6,64,138 SHARES (2.21% OF EQUITY) VIA OPEN-MARKET OF NOV. 25.
26Th November 2020
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Stocks in Action
STOCK PRE.CLOSE OPEN HIGH LOW CLOSE
SIEMENS 1364.25 1405.00 1533.90 1396.15 1516.70
JSWSTEEL 338.25 338.50 362.20 336.00 359.20
ICICIGI 1382.85 1394.00 1468.00 1390.00 1457.05
TATASTEEL 541.25 546.00 571.10 541.25 568.40
BANKBARODA 49.05 49.10 51.50 48.25 51.15
GRASIM 843.10 850.20 881.00 847.05 877.40
NMDC 93.10 93.50 96.65 92.85 96.35
PFC 105.45 105.60 109.70 105.05 109.30
NAUKRI 4041.80 4035.00 4196.95 4010.95 4179.50
HINDALCO 223.45 224.20 231.25 220.35 229.90
26th November 2020
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Corporate Actions
TCS Tata Consultancy Services Limited (Share buyback 26th November)
NBCC (India) Limited (Dividend Rs 0.135 Per Share 26th November)
ITI Limited (AGM Annual General Meeting 26th November)
FII/DII/FPI ACTION IN CAPITAL MARKET
Category Date Buy Value Sell Value Net Value
DII 25 nov 2020 3,724.49 cr 5,564.82 cr -1,840.33 cr
FII/FPI 25 nov 2020 6,931.70 cr 6,907.50 cr 24.20 cr
The following is combined Domestic Institutional Investors trading data across NSE, BSE and MSEI collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System.
26th November 2020
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Top Picks for Tomorrow
DRREDDY Sector: Pharma.
Important Parameters:
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH DEBT CASH 81459.69 CR. 33.17 147.68 11.53% 24.79% 1456.90 CR. 39.20 CR.
FUNDAMENTALS
Company is virtually debt free. Company has a healthy Interest coverage ratio of 59.07. Company’s PEG ratio is 0.26. Company has a healthy liquidity position with current ratio of 2.42. The company has a strong degree of Operating leverage, Average Operating leverage stands at 9.71.
The company has shown a good profit growth of 28.51% for the Past 3 years.
Stock Current market price
Positional
target
DRREDDY. 4850 5300
26th November 2020
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SUNTV Sector: TVBrodcasting.
Important Parameter
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH DEBT CASH 16567.32 CR 13.23 31.77 -7.07% 40.30% 0 CR 528.82 CR
FUNDAMENTALS.
The Company has been maintaining an effective average operating margins of 68.10% in the last 5 years. The company has an efficient Cash Conversion Cycle of 73.77 days. Company has a healthy liquidity position with current ratio of 7.17. The company has a good cash flow management; CFO/PAT stands at 1.29. The company has a high promoter holding of 75%. Company has been maintaining healthy ROE of 25.90% over the past 3 years. Company has been maintaining healthy ROCE of 37.79% over the past 3 years. Company is virtually debt free. Company has a healthy Interest coverage ratio of 232.09..
Stock Current
market price
Positional target
SUNTV 415 455
26th 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
26th November 2020
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