Elite Wealth Limited

SBI Life Insurance Co Q3FY25 Highlights (YoY):
1. Net premium income up 11.3% to Rs 24,828 crore versus Rs 22,317 crore.
2. Net profit up 71.2% to Rs 551 crore versus Rs 322 crore.
3. Solvency ratio flat at 2.04% (QoQ).
4. 61st month persistency ratio improves to 62.31% versus 55.86%.
5. 13th month persistency ratio improves to 82.67% versus 82.09%.

hind motors up 17% 30.30 , call given today @ 28

sbi life up 2.3% 1548*

*sbi life up 1.1% 1532.70*

SBILIFE CMP 1520-1525 BUY RANGE FOR THE TARGET 1565+ 1580 & SL TAKE 1499 3-4 DAYS ( For disclaimer and more visit www.elitewealth.in) today result also come

Steel Strips Q3FY25 Highlights (Consolidated, YoY):
1. Revenue down 3.21% to Rs 1,075 crore versus Rs 1,110 crore.
2. Ebitda up 1% to Rs 118 crore versus Rs 117 crore.
3. Ebitda Margin at 11% versus 10.5%.
4. Net profit down 20% to Rs 47.7 crore versus Rs 59.4 crore.

Ganesh Housing Q3FY25 Highlights (YoY):
1. Net Profit up 60% at Rs 161 crore versus Rs 101 crore
2. Revenue up 41.7% at Rs 257 crore versus Rs 181 crore
3. EBITDA up 54.4% at Rs 211 crore versus Rs 137 crore
4. Ebitda Margin at 82.1% versus 75.3%

Swaraj Engines Q3FY25 Highlights (YoY):
1. Net profit up 32.6% to Rs 31.9 crore versus Rs 24.1 crore.
2. Revenue up 23.6% to Rs 346 crore versus Rs 280 crore.
3. Ebitda up 35.4% to Rs 44.3 crore versus Rs 32.7 crore.
4. Ebitda Margin at 12.8% versus 11.7%.

Aether Industries Q3FY25 Highlights (Consolidated, YoY)
1. Net profit up 148.8% to Rs 43.3 crore versus Rs 17.4 crore.
2. Revenue up 41.4% to Rs 219.6 crore versus Rs 155.3 crore.
3. Ebitda at Rs 64.6 crore versus Rs 31.2 crore.
4. Ebitda Margin at 29.4% versus 20.1%.

panacea biotec up 1.5% 428.10

panacea biotech cmp 423 looks strong on the daily chart buy for the target 480+ & sl take 399 7-8 days ( For disclaimer and more visit www.elitewealth.in)

hindmotors cmp 28 buy call for the delivery target in this 32+ 40+ & sl take 23.50 time frame monthly ( For disclaimer and more visit www.elitewealth.in)

INDEX
NIFTY 23311.80 +0.42%
NIFTY FUT. 23377.45 +0.61%
Gift Nifty 23322.50 -0.28%
Sensex 77042.82 +0.42%
Bank Nifty 49278.70 +1.08%

OUTLOOK
The market is likely to open lower today, following weak global market cues.
RESULT
Wipro, Tech Mahindra, Jio Financial Services, SBI Life Insurance Company, ICICI Lombard General Ins., Rallis India, Sterlite Tech. and Indian Hotels and other notable companies will declare their earnings.

FIIs/ FPIs
As per provisional figures, Foreign Institutional Investors (FIIs)/ Foreign Portfolio Investors (FPIs) sold shares worth net Rs. 4341.95 crore and Domestic institutional investors bought shares worth net Rs. 2928.72 crore on 16th January 2025.

Metro Brands Q3FY25 Highlights (Consolidated, YoY):
1. Revenue up 10.6% to Rs 703 crore versus Rs 636 crore.
2. Ebitda up 13.1% to Rs 225 crore versus Rs 199 crore.
3. Ebitda margin at 32% versus 31.3%.
4. Net profit down 3.7% to Rs 95.1 crore versus Rs 98.8 crore.

Hatsun Agro Product Q3FY25 Highlights (YoY):
1. Revenue up 6.5% to Rs 2,010 crore versus Rs 1,887 crore.
2. Ebitda flat at Rs 214 crore.
3. Ebitda margin at 10.7% versus 11.3%.
4. Net profit down 28.7% to Rs 40.9 crore versus Rs 57.4 crore.

Havells India Q3FY25 Highlights (Consolidated, YoY):
1. Revenue up 10.8% to Rs 4,889 crore versus Rs 4,414 crore.
2. Ebitda down 1.6% to Rs 426 crore versus Rs 433 crore.
3. Ebitda margin at 8.7% versus 9.8%.
4. Net profit down 3.5% to Rs 278 crore versus Rs 288 crore.

HAL CMP 4250-4260 BUY CALL FOR THE TARGET 4480+ 4600+& SL TAKE 4095 ( For disclaimer and more visit www.elitewealth.in)

NEW INDIA INSURANCE niacl cmp 209 BUY CALL FOR THE TARGET 221+ & SL TAKE 198 ( For disclaimer and more visit www.elitewealth.in)

*SAGILITY TARGET MET 53 .19 BOOKED THE PROFIT CALL GIVEN @ 45**

Follow the Elite Wealth Limited channel on WhatsApp: https://whatsapp.com/channel/0029Va61RN5BKfhu78wgaS2O

Jublfood cmp 717.50-718 buy cal for the target 750+ & sl take 694 7-8 session ( For disclaimer and more visit www.elitewealth.in)

Jublfood cmp 717.50-718 buy cal for the target 750+ & sl take 694 7-8 session ( For disclaimer and more visit www.elitewealth.in)

Market View 27.12.2024.pdf

https://youtube.com/shorts/uU98EH_vMLI?feature=share

*dev it up 10.3% 180*

dev info technology (devit) cmp 172-173 looks strong for the btst for the target 184+ & sl take 163 ( For disclaimer and more visit www.elitewealth.in)

arihant superstructure cmp 449 , buy call range 440-445 for the target 475+ * sl take 430 ( For disclaimer and more visit www.elitewealth.in)

sagility up 5% 51.37* call given @ 45 and target 53 stiil intact

OUTLOOK
The market is expected to open flat note today amid positive signals from Asian markets, with many major global equity markets remaining closed for holidays today.
FIIs/ FPIs
As per provisional figures, Foreign Institutional Investors (FIIs)/ Foreign Portfolio Investors (FPIs) sold shares worth net Rs.2454.21 crore and Domestic institutional investors bought shares worth net Rs.2819.25 crore on 24th December 2024.
NIFTY 23727.65 -0.11%
NIFTY FUT. 23770.60 +0.01%
Gift Nifty 23800.50 -0.10%
Sensex 78472.87 -0.09%
Bank Nifty 51233.00 -0.16%

STOCKS TO WATCH

• Refex Industries: The company is likely to sell up to 33% stake in Venwind Refex Power.
• Ceigall India: The arm executed a concession agreement with the NHAI for a road project worth Rs 981 crore.
• Transport Corp: The company has proposed the sale of its chemical logistics business to its arm TCI Chemlog.
• Surya Roshni: The company received in principle approval from BSE and NSE for issuance of bonus shares in the ratio of 1:1.
• Easy Trip Planners: EaseMyTrip World Championship of Legends T20 announce season schedule.
• Capital India Finance: The board approved splitting each share into five.
• Western Carriers (India): The company received a work order worth Rs 8 crore from Tata International for container rake movement.
• National Aluminium Co: The company signed a mining lease deed to mine coal in Odisha.
• IFGL Refractories: The company incorporated joint venture IFGL-Marvels refractories to set up a greenfield facility at capital outlay of Rs 300 crore.
• Religare Enterprises: The company's arm Religare Broking received SEBI approval for change in shareholding.
• Share India Securities: The company approved investment of Rs 59.5 crore in Metropolitan Stock Exchange of India.
• Max India: The company to sell three floors in Max Towers to the arm of Max Estates for Rs 105 crore.
• UltraTech Cement: The company to acquire 26% stake in clean max Sapphire worth Rs 45.8 crore for the company’s green energy needs. Additionally, the company completed acquisition of 32.72% stake in India Cements Ltd. Its stake in India Cements now stands at 55.49%.
• Godfrey Phillips India: Twenty-Four Seven retail stores filed suit against the company for the royalty. It has asked for royalty and damages worth Rs 2 crore.
• Bharat Forge: The company said that it will be investing €39 million in its wholly owned subsidiary Bharat Forge Global Holding GmbH. This follows the metal forging company's investment committee, at its meeting held on Dec. 24, approving an infusion of about Rs 345.6 crore into BFGH.
• Macrotech Developers: The company's unit received Rs 40 crore arbitration order.
• Ramky Infrastructure: The company has received a letter of acceptance from Hyderabad Metropolitan water supply and sewerage board for manning, operation and maintenance of STPs and its connecting Interception and Diversion under Hyderabad Metropolitan Water Supply and Sewerage Board jurisdiction. The Rs 215.1-crore project is to be executed for a period of five years.
• Apollo Hospitals Enterprise: The company’s arm Apollo Healthco to acquire the business of operating software from Searchlight Health for Rs 67.5 crore.
• Fortis Healthcare: Aditya Birla Sun Life Mutual Fund has reduced its holding to 5% from 2.99%.
• Amber Enterprises India: The company issued a clarification on media reports that the company is looking to demerge its electronics division. It announced that there is no such event that triggers disclosure obligations.
• Aditya Birla Capital: The company to make an investment of Rs 22.9 crore in Aditya Birla Health Insurance to meet solvency margin.
• HG Infra Engineering: The company’s arm H.G. Green Energy transferred 26% of its partial stake from its five arms to Stockwell Solar Services.
• International Gemmological Institute: The company acquired 100% stake in IGI Netherlands B.V. Worth $8.8 million.
• Garware Technical Fibres: The company received in-principle approval from the NSE to issue 7.9 crore bonus shares.
• TIL: The company to consider raising funds by equity in its board meeting to be held on Jan. 2.
• Walchandnagar Industries: The company received a purchase order worth Rs 45 crore from Fluorine Korea company for HF Reactor.

https://youtu.be/gRijgWe0dIU

LAURUS LAB 2.6% CMP- 565-566 BUY CALL FOR THE TARGET 604+ & SL TAKE 554 (For disclaimer and more visit www.elitewealth.in)

Ncc up 2% 309 and high make 318 target met , call given @ 299 profit booked accordingly

OUTLOOK
The market is expected to open on a flat note today, as suggested by trends on Gift Nifty. Weak global cues amid renewed uncertainty about the interest rate cut trajectory and rising geopolitical tension weigh on sentiment. Nifty closed at 23,914 (-361) and Sensex at 79,044 (-1,190) on Thursday. GIFT Nifty was trading at 24,128
FIIs net sold equities in cash to the tune of Rs. 11,756 cr whereas DIIs bought equities in cash worth Rs.8,718 cr on November 28, 2024

Market View 29.11.2024.pdf

SHIVA CEMENT CMP 43.50 BUY CALL FOR THE TARGET 50+ 55+ & SL TAKE 38.50 (For disclaimer and more visit www.elitewealth.in)

nifty sl triggered @ 65

RISKY BET : Nifty 24000 CE NOV EXPIRY cmp 110-120 buy range for the target 220+ & sl take 65 (For disclaimer and more visit www.elitewealth.in)

PRICOL CMP 475-476 BUY CAL FOR THE TARGET 495+505+ & SL TAKE 464 (For disclaimer and more visit www.elitewealth.in)

Ashok leyland buy call cmp 234-235 for the target 242+ 249+ & sl take 228 (For disclaimer and more visit www.elitewealth.in)

*QUESS CORP 1.3% UP 706** CALL GIVEN @ 692

*BEL FIRST TARGET MET 309 CALL GIVEN @ 299, SO PROFIT BOOKED*

Nifty closed at 24,275 (+80) and Sensex at 80,234 (+230) on Wednesday. GIFT Nifty was trading at 24,323
FIIs net bought equities in cash to the tune of Rs. 7.78 cr whereas DIIs bought equities in cash worth Rs. 1,302 cr on November 27, 2024

Market View 28.11.2024.pdf

*quess corp 6% up 690-692* looks good for the target 720+ & sl take 670 (For disclaimer and more visit www.elitewealth.in)

BUY call NCC @ 299 for the TGT 317 & SL take 287(For disclaimer and more visit www.elitewealth.in)

https://youtube.com/shorts/XPCL8vwkeec?feature=share

*JEFFERIES ON RIL*
*Buy, TP Rs 1700*
Retail saw a strong Oct but sustained recovery cld be 2 qtrs away.
Current valn imputes US$ 57bn for Retail- pessimistic in our view

*GS ON SUN PHARMA*
*Sell, TP Rs 1600*
GS APAC Healthcare Corporate Day 2024 takeaways
On costs, SUN noted its lowered R&D guidance to 7% to 8% of sales, due to delays in GL0034 clinical trials in FY25, pushing it into FY26.

*UBS ON SWIGGY*
*Initiate buy, TP Rs 515*
Well positioned for growth at 35% disc to Zomato
Online Food Delivery: Catching up on margins & scale
Quick com: Encouraging signs, but more work to do
Est Swiggy's OFD GMV growth over FY24-27e to be broadly similar to Zomato's

*CITI ON L&T FIN*
*Buy, TP Rs 221*
Digital day takeaways
LTF aspires to double book size over next 3-4 yrs (20-25% AUM growth CAGR) with a steady state credit cost of 2.0-2.25% delivering sustainable ROA trajectory of 2.8-3.0%.
This is despite tempering MFI proportion

*JEFFERIES ON REAL ESTATE*
*Prefer GPL, Lodha and DLF*
Resi markets have seen a festive upmove with sales in Oct rising to a 6-mth high
Value sales are trending 20%+ helped by mix & pricing.
Expect a good offtake to help listcos post 25% pre-sales growth for FY25

*HSBC ON MFI*
Microfinance Industry Network (a Self-Regulatory Organisation) announced further limits on MFI lending
This will likely lead to further slowdown in AUM growth, & high credit costs in near term as credit flows dry up further
While expect 3Q to provide clarity

*F&O CUES*
• Nifty November futures up by 1.74% to 24,301 at a premium of 80 points.
• Nifty November futures open interest down by 7%.
• Nifty Options November 28 Expiry: Maximum call open interest at 25,000 and maximum put open interest at 22,500.
• *SECURITIES IN BAN PERIOD: AARTI INDUSTRIES, GNFC, GRANULES*

• *Indian Bank*: The bank clarified on reports stating FSIB recommendation of Binod Kumar as MD, CEO that government is yet to notify appointment.

*STOCKS TO WATCH*
• *Telecom Companies*: Cabinet clears bank guarantee waiver for telcos, Vodafone Idea set to benefit
• *InterGlobe Aviation*: The company's market share saw a slight increase, rising to 63.3% from 63% month-on-month. However, the passenger load factor experienced a small dip, decreasing from 82.6% to 82.3%.
• *SpiceJet*: The company's market share grew to 2.4% from 2% month-on-month. The passenger load factor also saw a slight improvement, rising from 80.4% to 81%.
• *Zomato*: The board opens the QIP and sets floor price for QIP at Rs 265.91 per share. It also received communications on liquidation of step-down arm Zomato Internet. The Zomato Internet did not have any active business operations and was under the process of liquidation.
• *Ashoka Buildcon*: Ashoka Buildcon has secured a Rs 1,391-crore project from the National Highways Authority of India on Monday. The project involves the development of a highway in West Bengal. The company has received the "letter of award" for the project, which will be executed under the hybrid annuity model.
• *HDFC Life Insurance*: Customer data fields were shared by an unidentified source. The company is conducting a thorough investigation, working with information security experts to determine the root cause and take appropriate remedial action. The investigation is ongoing to evaluate any potential impact, and the company is making this disclosure in the interest of good governance.
• *GE Vernova*: Grid Equipments Pvt., a promoter of GE Vernova T&D India Ltd., plans to sell up to approximately 2.15 crore equity shares, representing an 8.38% stake, through an offer for sale across two trading days. The floor price for the offer has been set at Rs 1,550 per share, on Monday. The seller intends to sell 1.4 crore equity shares, the base offer, with a face value of Rs 2 each, representing 5.47% of GE Vernova T&D's paid-up equity share capital. This portion will be available on Tuesday exclusively for non-retail investors.
• *Hindustan Unilever*: The board approved the demerger of its ice-cream business into an independent listed entity, based on the recommendation of the independent committee and the incorporation of a wholly owned arm for the proposed demerger of ice cream business.
• *Hitachi Energy India*: The company received a notification of award from Power Grid for Renewable Energy Project.
• *Power Grid Corp*.: The company has been declared as the successful bidder under the tariff-based competitive bidding.
• *New India Assurance Co*: Income tax department to refund Rs 1,945 crore, including interest, to company for assessment years 2013–14 to 2019-20.
• *Gulf Oil Lubricants India*: The company and Piaggio Vehicles renewed their strategic partnership agreement to extend collaboration in delivering genuine and co-branded lubricants across Piaggio's commercial vehicle segment.
• *StoveKraft*: The company commissioned the newly constructed cast Iron Foundry at Harohalli factory. The foundry is built at a cost of Rs 40 crore. The foundry’s current installed capacity of 2.2 million pieces per annum and has been designed to reach 4.4 million pieces per annual in future.
• *Wipro*: Pierre Bruno is stepping down as CEO of Europe strategic market unit and appointed Omkar Nisal as CEO of strategic market unit.
• *Paisalo Digital*: The board is to meet on Nov. 28 to consider fundraising.
• *LT Foods*: The company to make an investment SAR 185 million over next 5 years in Saudi Arabia.
• *Allcargo Logistics*: The LCL volume grew by 5% year-on-year to 746 cubic meters, marking the fourth consecutive month of growth. Meanwhile, the Full-Container-Load volume increased by 14% YoY, reaching 57 TEUs.
• *Edelweiss*: The company has clarified that there are exploring options like stake sales in units, listing for enhancing shareholders’ value.
• *KRN Heat Exchanger and Refrigeration*: The company acquired an additional stake worth Rs 236 crore in its arm KRN HVAC Products by subscribing to its rights issue.

JEFFERIES ON REAL ESTATE

• Good start to busy season

• Residential markets have seen a festive up- move with sales in October rising to a 6-month high

• Value sales are trending 20%+ helped by mix and pricing

• Large new launches are planned / ongoing by the listed developers in the H2

• Expect a good offtake to help the listcos post -25% pre-sales growth for FY25, despite a weak Q2

• Realty index is -11% from peak, with select stocks down more

• Prefer Godrej Properties, Lodha and DLF

Market View 26.11.2024.pdf

https://youtube.com/shorts/rhAilLlmnUw?si=EFX6lv47O35RLtoO

JAI CORP 18% up

In 1 day

18% return

Given strong buy on FRIDAY

BTST ON ACMESOLAR CMP 255-256 BUY CALL FOR THE TARGET 270+ & SL TAKE 247 (For disclaimer and more visit www.elitewealth.in)

*Jai corp up 10 .6% 329.60 high make 336 ,target met call given @ 290-291 so booked profits*

RED TAPE CMP 830-834 BUY CALL FOR THE TARGET 900+ 920+ & SL TAKE 799 TIME FRAME 5-7 DAYS (For disclaimer and more visit www.elitewealth.in)

MASTEK UP 1.8% CMP 3280 BUY CALL FOR THE TARGET 3380+ 3450+ & SL TAKE 3150 (For disclaimer and more visit www.elitewealth.in

HAL cmp 4270-4280 buy call for the target 4400+ & sl take 4190 (For disclaimer and more visit www.elitewealth.in

*ramco cem up 1.4% 958 call given @ 916 , so book accordinglly*

*bharat forg up 1.7% 1340 call given @ 1315 so book partially accordingly**

https://youtu.be/JeB2dqKTnjM?si=n214FQor1YIkcGJI

BTST ON BHARAT FORG CMP 1315-1317 FOR THE TARGET 1380+ & SL TAKE 1290 (For disclaimer and more visit www.elitewealth.in)

ramco cem up 3.6% 948.90 high make 950.50 so book accordingly

*ramco cem up 1.6% 929.65* call given @ 916-917

CITY UNION BANK CMP 172 BUY CALL FOR THE TARGET 182+ 185+ & SL TAKE 166 TIME ZONE 3-4 DAYS (For disclaimer and more visit www.elitewealth.in)

Ramco cem buy call cmp 916-917 for the target 955+ & sl take 895 (For disclaimer and more visit www.elitewealth.in)

Bank nifty crossed its yesterday high, icici bank is showing a reversal sign

OUTLOOKThe market is likely to open on a positive note as indicated by gift nifty.
Nifty closed at 23,350 (-169) and Sensex at 77,156 (-423) on Thursday. GIFT Nifty was trading at 23,439 (as of 7.30 a.m.)
FIIs net sold equities in cash to the tune of Rs. 5,321 cr whereas DIIs bought equities in cash worth Rs.4,200 cr on November 21, 2024

*MS ON RIL*
*OW, TP Rs 1662*
Refining margins are starting to recover after two tough quarters.
Permanent refinery capacity shutdowns have also risen
Stock is pricing in challenges across key verticals post US$50bn market cap reduction in 4Q24, but not improvement

*JPM ON RIL*
*OW, TP Rs 1468*
One of 2 drivers of recent underperformance - weak refining margin - has reversed
Other- poor retail top-line growth is difficult to anticipate, but expectations have compressed
Post stock correction, est. implied valuations for retail business are c.25x FY26E EBITDA - below historical levels & peer retailers
Start of the solar panel plants could be a modest near term catalyst.

*JEFFERIES ON CHEMICALS*
*SRF withdrew growth guidance on poor demand visibility*
NFIL shd resume growth in 2HFY25 on start-up of agchem plant and new CDMO contracts.
*PI preferred pick*

*HSBC ON SOBHA*
*Buy, TP Rs 2150*
Q2 bookings disappoint on launches, margins disappoint on contractual business to catch up, launch pipeline robust
Believe post its recent rights issue and improved OCF performance, business is poised for strong growth

*JEFFERIES ON SBI*
*Buy, TP Rs 1030*
Roadshow takeaways
mgt stated plans to improve deposit growth and align incremental growth between loans & deposit.
Asset quality is holding-up and recoveries will also aid earnings in 2H.
Policy rate cuts may be gradual and bank’s higher share of MCLR loans will insulate NIMs.
Bank doesn’t plan to raise capital or monetise/ list stake in subsidiaries.

*TOP 10 STOCKS IN FOCUS*

*1-ADANI ENT. (ADANI STOCKS)*
Kenya drops airport deal with Adani Group after US indictments
*2-SBI and PSU Banks*
Adani issue
*3-PROTEAN eGov*
NSE Investment to sell up to 20.31% stake in the company via OFS on Nove 22 & 25 at the rate of Rs 1550/share
*4-AFCONS*
The Company has received LoA from Uttarakhand Project Development and Construction Corporation Ltd for Civil Works including HM Works for Construction of 130.6 m High Concrete Gravity Dam and Appurtenant Works across River Song of Song Dam Project in District Dehradun. The project cost is Rs 1274 Cr
*5-HYUNDAI MOTOR*
Hyundai unveils IONIQ 9 Electric SUV with advanced features.
*6-TATA POWER*
Tata Power signs MoU with ADB for $4.25 billion.
*7-SJVN*
SJVN signs MoU for 7 GW renewable energy projects in Rajasthan.
*8-MPHASIS*
Mphasis partners with MoneyGram Haas F1 Team for technology collaboration.
*9-LTI MINDTREE*
LIC raises stocks from 5.03% to 7.03%
*10-OMCs/ONGC*
Brend crude oil above $74

*India Daybook – Stocks in News*


*Tata Power:* Company partners with Asian Development Bank for $ 4.25 Billion Clean Energy Projects. (Positive)

*AVP Infracon Ltd:* Company secured a Rs 33.19 Cr sub-contract from CDR & Co Constructions for an NHAI project in Tamil Nadu. (Positive)

*Innovators Systems:* Receipt of LOI for Work Order for Facade Design, Fabrication and Installation, Order Size Rs 110 Crores (Positive)

*Jyoti Limited:* Receipt of Purchase Order Total orders amounting to Rs.12.8 cr from Megha Engineering & Infrastructures Limited, Hyderabad. (Positive)

*Crompton Greaves Consumer:* Company launched the Regera 6L water heater (Positive)

*Kotyark Industries:* Company has been allocated tender for supply of 48,381 kl biodiesel to omcs worth Rs 5.64 billion. (Positive)

*Royal Sense:* Company launched 6 new pharmaceutical products on Nov 21, 2024 (Positive)

*Popular Vehicles:* Company opened a new Bharat Benz 3S facility in Chhatrapati Sambhaji Nagar, Maharashtra. (Positive)

*Afcons Infrastructure:* Company has received Letter of acceptance from Uttarakhand Project Development and Construction Corporation Ltd for Civil Works worth of Rs 1274 crore (Positive)

*SJVN:* Company signs MoU with Rajasthan Govt’s Energy Department for development of renewable energy in the state. (Positive)

*Medicamen Organics:* Company secures 6.28 cr order for Povidone Iodine Solution. (Positive)

*Raymond:* The stock exchanges BSE and NSE have given the green light to the proposed demerger of Raymond Limited and Raymond Realty Limited. (Positive)

*Insurance stocks:* GST Council meeting in December likely to discuss rate cut on insurance premiums, ET sources. (Positive)

*Ashok Leyland:* Company sets up a light commercial vehicle dealership in West Bengal. (Positive)

*LTI Mindtree:* LIC increased its shareholding from 5.033% to 7.034% (Neutral)

*Bank of India:* Smt. Jamuna Ravi elected as Bank of India director. (Neutral)

*DP Abhushani:* Company opened a new showroom in Neemuch, MP, expanding its presence in Central India. (Neutral)

*Hyundai Motor:* Company will invest INR 38 Cr in two renewable energy plants, 75 MW solar, 43 MW wind in Tamil Nadu, aiming for RE100 certification by 2025. (Neutral)

*Jio, Airtel, Vodafone Idea:* Companies together lose over 10 million mobile subscribers in September (Neutral)

*HDFC Bank:* Plans to issue car loans worth Rs 12,372 crore to mutual funds before the first week of December. (Neutral)

*Indusind:* Government gives go-ahead to IndusInd International Holdings for the acquisition of Reliance Capital. (Neutral)

*Wipro:* Record date for the purpose of Bonus is 03-Dec-2024. (Neutral)

*Protean eGov Technologies:* NSE investments to sell up to 20.31% stake in Protean eGov Technologies via OFS, it includes base issue of 10.16% equity & has a green shoe option of 10.16% equity. (Negative)

*Adani Energy:* Kenya cancels the $700 mn deal signed with a unit of the Adani Group to construct power transmission lines. (Negative)

Market View 22.11.2024.pdf

jaicorp cmp 290-291 buy call for the target 320+ 330+ & sl take 278 (For disclaimer and more visit www.elitewealth.in)

Federal bank cmp 206-207 buy range for the target 217+ & sl take 201 short term (For disclaimer and more visit www.elitewealth.in)

Billionaire Gautam Adani charged in New York with massive fraud

Adani and two other defendants, his nephew Sagar Adani and Vneet Jaain, who are executives of Adani Green Energy Limited, are accused of conspiring to commit wire fraud and securities fraud for their roles in obtaining funds from investors in the United States and international lenders “on the basis of false and misleading statements,” the U.S. Attorney’s Office in Brooklyn said.

Adani shares witnessed a massive selling pressure today

cummins cmp 3298 sell call for the day for the target 3200+ & sl take 3350 (For disclaimer and more visit www.elitewealth.in)

OUTLOOKThe market is likely to open on a cautious note today tracking weak global market cues. INDEX
NIFTY 23518.50 +0.28%NIFTY FUT. 23534.80 -0.10%
Gift Nifty 23520.50 -0.63%Sensex 77578.38 +0.31%
Bank Nifty 50626.50 +0.52% FIIs net sold equities in cash to the tune of Rs. 3,412 cr whereas DIIs bought equities in cash worth Rs 2,784 cr on November 19, 2024

Market View 21.11.2024.pdf

early exit the call nifty ce 23700

BUY CALL IN NIFTY CE 23700 EXPIRY- 21NOV 2024 CMP 48-50 FOR THE TARGET 120+ 140+ & SL TAKE 20 (For disclaimer and more visit www.elitewealth.in)

The National Stock Exchange (NSE) revised the lot sizes for Nifty and other index derivatives contracts on November 20, 2024:
Nifty 50: The lot size was increased from 25 to 75
Bank Nifty: The lot size was increased from 15 to 30
Nifty Financial Services (FinNifty): The lot size was increased from 25 to 65
Nifty Midcap Select (Midcap Nifty): The lot size was increased from 50 to 120
Nifty Next 50: The lot size was increased from 10 to 25
The new lot sizes apply to all new index derivatives contracts, including weekly, monthly, quarterly, and half-yearly contracts. Existing weekly and monthly contracts will continue with their current lot sizes until their expiry dates. Quarterly and half-yearly contracts will transition to the new lot sizes on December 24, 2024 for Bank Nifty and December 26, 2024 for Nifty.

JUBL FOOD CMP 620-621 BUY FOR THE TARGET 650+ & SL TAKE 598 , TIME ZONE 6-8 DAYS *(For disclaimer and more visit www.elitewealth.in) *

SKF India Q2 Highlights (Consolidated, YoY):
1. Revenue up 10.6% to Rs 1,244.23 crore versus Rs 1,125.21 crore.
2. Ebitda flat at Rs 123.83 crore.
3. Ebitda Margin at 10.0% versus 11.0%.
4. Net profit up 5% to Rs 94.19 crore versus Rs 89.97 crore.

Shilpa Medicare Q2 Highlights (Consolidated, YoY):
1. Revenue up 9.8% to Rs 343.80 crore versus Rs 312.98 crore (Estimate Rs 352.3 crore).
2. Net Profit up 1043% to Rs 17.94 crore versus Rs 1.57 crore (Estimate Rs 42 crore).
3. Ebitda up 43% to Rs 86 crore versus Rs 60.30 crore (Estimate Rs 102 crore).
4. Ebidta Margin at 25% versus 19.3% (Estimate 28.9%).

Thermax Q2 Highlights (Consolidated, YoY):
1. Revenue up 13.4% to Rs 2,611.59 crore versus Rs 2,302.46 crore (Estimate Rs 2,559 crore).
2. Ebitda up 36% to Rs 277.97 crore versus Rs 204.62 crore (Estimate Rs 236 crore).
3. Margin at 10.6% versus 8.9% (Estimate 28.9%).
4. Net Profit up 25% to Rs 198 crore versus Rs 158.60 crore (Estimate Rs 180 crore).

Eicher Motors Q2 Highlights (Consolidated, YoY):
1. Revenue up 3.6% to Rs 4,263.07 crore versus Rs 4,114.53 crore.
2. Ebitda flat at Rs 1,087.72 crore versus Rs 1,087.16 crore.
3. Ebitda Margin at 25.5% versus 26.4%.
4. Net profit up 8% to Rs 1,100.33 crore versus Rs 1,016.25 crore.

VRL Logistics Q2 Highlights (Consolidated, YoY):
1. Revenue up 12.7% to Rs 799.49 crore versus Rs 709.33 crore (Estimate Rs 787 crore).
2. Ebitda up 45% to Rs 133.04 crore versus Rs 91.83 crore (Estimate Rs 109 crore).
3. Ebitda Margin at 16.6% versus 12.9% (Estimate 13.9%).
4. Net profit up 82% to Rs 35.82 crore versus Rs 19.71 crore (Estimate Rs 22 crore).

Godrej Industries Q2 Highlights (Consolidated, YoY):
1. Revenue up 22.0% to Rs 4,804.96 crore versus Rs 3,937.61 crore.
2. Net profit up 197% to Rs 488.86 crore versus Rs 164.50 crore.
3. Ebitda up 116% to Rs 574.72 crore versus Rs 265.51 crore.
4. Ebitda Margin at 12.0% versus 6.7%.

VRL Logistics Q2 Highlights (Consolidated, YoY):
1. Revenue up 12.7% to Rs 799.49 crore versus Rs 709.33 crore (Estimate Rs 787 crore).
2. Ebitda up 45% to Rs 133.04 crore versus Rs 91.83 crore (Estimate Rs 109 crore).
3. Ebitda Margin at 16.6% versus 12.9% (Estimate 13.9%).
4. Net profit up 82% to Rs 35.82 crore versus Rs 19.71 crore (Estimate Rs 22 crore).

ISGEC Heavy Engineering Q2 Highlights (Consolidated, YoY):
1. Revenue up 11.6% to Rs 1,643.90 crore versus Rs 1,473.10 crore (Estimate Rs 1,650 crore).
2. Net Profit up 50% to Rs 95.70 crore versus Rs 63.70 crore (Estimate Rs 79 crore).
3. Ebitda up 4% to Rs 139.11 crore versus Rs 133.58 crore.
4. Ebitda Margin at 8.5% versus 9.1%.

NBCC (India) Q2 Highlights (Consolidated, YoY):
1. Revenue up 19.4% at Rs 2,459 crore versus Rs 2,056 crore.
2. Ebitda up 4.6% at Rs 100 crore versus Rs 95.5 crore.
3. Ebitda Margin at 4.1% versus 4.6%.
4. Net profit up 52.7% at Rs 125 crore versus Rs 82 crore.

Kaveri Seed Q2 Highlights (Consolidated, YoY):
1. Revenue down 19.8% at Rs 137 crore versus Rs 171 crore.
2. Ebitda loss of Rs 1.9 crore versus profit of Rs 11.2 crore.
3. Net loss of Rs 1 crore versus profit of Rs 14 crore.

The 24,000 level will now act as immediate resistance for the Nifty, which the index might reach during short-covering rallies. However, 24,500 presents a much stronger resistance level, and the overall trend will only shift if the index breaks above this 24,500 mark.

now from here on immediate resistance for nifty would be 24000, after this 24500

The Nifty index has broken below its 200-day EMA, a critical support level, primarily due to heavy selling by Foreign Institutional Investors (FIIs) in large-cap stocks. This breach has opened the possibility of a new lower range, potentially extending down to levels around 22,500. Any bounce that may arise from sharp short-covering rallies should be seen as an opportunity to initiate fresh short positions as the are too many shorts in the stocks

Century Plyboards (India) Q2 Highlights (Consolidated, YoY):
1. Revenue up 19% at Rs 1,184 crore versus Rs 997 crore.
2. Ebitda down 23% at Rs 111 crore versus Rs 144 crore.
3. Ebitda margin at 9.4% versus 14.5%.
4. Net profit down 59% at Rs 40 crore versus Rs 97 crore.

Wockhardt Q2 Highlights (Consolidated, YoY):
1. Revenue up 7% at Rs 809 crore versus Rs 753 crore.
2. Ebitda up 53% at Rs 110 crore versus Rs 72 crore.
3. Ebitda margin at 13.6% versus 9.6%.
4. Net loss at Rs 60 crore versus loss of Rs 73 crore.

Kalyan Jewellers Q2 Highlights (Consolidated, YoY):
1. Revenue up 37% at Rs 6,065 crore versus Rs 4,415 crore.
2. Ebitda up 4% at Rs 327 crore versus Rs 314 crore.
3. Ebitda margin at 5.4% versus 7.1%.
4. Net profit down 3.3% at Rs 130 crore versus Rs 135 crore.

Alkem Labs Q2 Highlights (Consolidated, YoY):
1. Revenue down 0.7% at Rs 3,415 crore versus Rs 3,440 crore.
2. Ebitda up 0.9% at Rs 753 crore versus Rs 746 crore.
3. Ebitda Margin at 22% versus 21.7%.
4. Net profit up 14% at Rs 702 crore versus Rs 615 crore.

Prism Johnson Q2 Highlights (Consolidated, YoY):
1. Revenue down 4% at Rs 1,685 crore versus Rs 1,763 crore.
2. Ebitda up 160% at Rs 46 crore versus Rs 18 crore.
3. Ebitda Margin at 2.7% versus 1%.
4. Net loss at Rs 104 crore versus profit of Rs 183 crore.

Discontinuation of weekly Derivatives contracts on BANKNIFTY, MIDCPNIFTY, FINNIFTY,SENSEX50,BANKEX Sr Index Name Symbol Last Expiry Date /Last Trading Date 1 Nifty Bank BANKNIFTY November 13, 2024 2 Nifty Midcap MIDCPNIFTY November 18, 2024 3 Nifty Financial FINNIFTY November 19, 2024 4 SENSEX 50 SENSEX 50 November 14, 2024 5 BANKEX BANKEX November 18, 20

Asian Paints Q2 Results Highlights (Consolidated, YoY):
1. Revenue down 5.3% to Rs 8,028 crore versus Rs 8,479 crore.
2. Ebitda down 28% to Rs 1,240 crore versus Rs 1,716 crore.
3. Margins at 15.4% versus 20.2%.
4. Net Profit down 44% at Rs 694 crore versus Rs.1232 crore.

DIVI'S LABS Q2 Highlights (Consolidated YoY):

1. Revenue: ₹2,338 crores, up from ₹1,910 crores YoY (~22.4% increase YoY); exceeded the estimate of ₹2,241 crores.
2. Net Profit: ₹510 crores, up from ₹348 crores YoY (~46.6% increase YoY); above the estimate of ₹489 crores.
3. EBITDA: ₹716 crores, up from ₹479 crores YoY (~49.3% increase YoY); surpassed the estimate of ₹670 crores.
4. EBITDA Margin: 30.62%, up from 25.09% YoY, aligning with the estimate of 30%.

Mayur Uniquoters Q2 Highlights (Consolidated, YoY):
1. Revenue up 2.5% at Rs 208 crore versus Rs 203 crore.
2. Net profit up 22.9% at Rs 39.8 crore versus Rs 32.4 crore.
3. Ebitda up 0.7% at Rs 43.1 crore versus Rs 42.9 crore.
4. Margin at 20.7% Vs 21.1%.

Orient Cement Q2 Highlights (Consolidated, YoY):
1. Revenue down 24.4% to Rs 544 crore versus Rs 720 crore.
2. Net Profit down 91% to Rs 2.3 crore versus Rs 24.6 crore.
3. Ebitda down 48% to Rs 44.5 crore versus Rs 85.6 crore.
4. Margin at 8.2% versus 11.9%.

Ola Electric Q2 Highlights (Consolidated, YoY):
1. Revenue up 39% at Rs 1,214 crore versus Rs 873 crore.
2. Ebitda loss of Rs 379 crore versus Rs 435 crore.
3. Net loss of Rs 495 crore versus loss of Rs 524 crore.

Tata Motors Q2 Highlights (Consolidated, YoY):
1. Revenue down 3.5% At Rs 1.01 lakh crore versus Rs 1.05 lakh crore.
2. Ebitda down 14.2% at Rs 11,736 crore versus Rs 13,676 crore.
3. Ebitda margin at 11.6% versus 13%.
4. Net profit down 10% at Rs 3,450 crore versus Rs 3,832 crore.

Action Construction Q2 Highlights (Consolidated, YoY):
1. Revenue up 12.4% at Rs 757 crore versus Rs 673 crore.
2. Ebitda up 21.7% at Rs 109 crore versus Rs 89.2 crore.
3. Margin at 14.3% versus 13.2%.
4. Net profit up 28.2% at Rs 94.8 crore versus Rs 73.9 crore.

Star Cement Q2 Highlights (Consolidated, YoY):
1. Revenue up 9.6% at Rs 642 crore versus Rs 585 crore.
2. Ebitda down 3.1% at Rs 95.6 crore versus Rs 98.6 crore.
3. Ebitda margin at 14.9% versus 16.8%.
4. Net profit down 86.1% at Rs 5.7 crore versus Rs 40.7 crore.

Vedanta Q2 Highlights (Consolidated, YoY):
1. Revenue down 3.4% at Rs 37,634 crore versus Rs 38,945 crore.
2. Ebitda down 14.4% at Rs 9,828 crore versus Rs 11,479 crore.
3. Ebitda margin at 26.1% versus 29.5%.
4. Net profit of Rs 5,603 crore versus a loss of Rs 915 crore.

Inox India Q2 Highlights (Consolidated, YoY):
1. Revenue up 19% at Rs 307 crore versus Rs 258 crore.
2. Ebitda up 8.6% at Rs 63.9 crore versus Rs 58.8 crore.
3. Ebitda margin at 20.8% versus 22.8%.
4. Net profit up 7.1% at Rs 49.5 crore versus Rs 46.2 crore.

Safari Industries Q2 Highlights (Consolidated, YoY):
1. Revenue up 23.7% at Rs 458 crore versus Rs 370 crore.
2. Ebitda down 24.5% at Rs 47.9 crore versus Rs 63.5 crore.
3. Margin at 10.5% versus 17.2%.
4. Net profit down 25.4% at Rs 29.7 crore versus Rs 39.8 crore.

State Bank of India Q2 Highlights:
1. Net profit up 28% at Rs 18,331 crore versus Rs 14,330 crore (YoY).
2. Gross NPA at 2.13% versus 2.21% (QoQ).
3. Net NPA at 0.53% versus 0.57% (QoQ).
4. NII up 5% at Rs 41,620 crore versus Rs 39,500 crore (YoY).

Mrs. Bectors Food Specialities Q2 Highlights (Consolidated, YoY):
1. Revenue up 19.7% at Rs 496 crore versus Rs 415 crore.
2. Ebitda up 9% at Rs 70.3 crore versus Rs 64.5.
3. Margin at 14.2% versus 15.6%.
4. Net profit up 4.6% at Rs 38.9 crore versus Rs 37.2 crore.

Bajaj Hindusthan Sugar Q2 (Consolidated) (YoY) Highlights:
1. Revenue up 2% at Rs 1,160 crore versus Rs 1,133 crore.
2. Net loss of Rs 76 crore verus loss of Rs 123 crore.
3. Ebitda at Rs 0.8 crore versus loss of Rs 55.28 crore.
4. Ebitda margin at 0.06%.

Ashok Leyland Q2 ( Consolidated) (YoY) Highlights:
1. Revenue down 9% at Rs 8,769 crore versus Rs 9,638 crore.
2. Ebitda down 6% at Rs 1,017 crore versus Rs 1,080 crore.
3. Ebitda margin at 11.6% versus 11.2%.
4. Net profit up 37% at Rs 770 crore versus Rs 561 crore.

MRF Q2 Highlights:
CMP : 1,18,700, MKT CAP: 50, 135cr
Net Profit Down 20.4% At ₹455.4 Cr Vs ₹572 Cr (YoY)

--Revenue Up 11.1% At ₹6,760.4 Cr Vs ₹6,087.6 Cr (YoY)

--EBITDA Down 14% At ₹973.6 Cr Vs ₹1,128.6 Cr (YoY)
(EBITDA est was at Rs 960 cr)

--Margin At 14.4% Vs 18.5% (YoY)
(Margin est at 14.2%)

Follow the Elite Wealth Limited channel on WhatsApp: https://whatsapp.com/channel/0029Va61RN5BKfhu78wgaS2O

LAURUS LAB CMP 505 BUY CALL FOR THE TARGET 533+ & SL TAKE 484 ( For disclaimer and more visit www.elitewealth.in)

DELIVERY BUY CALL *HINDZINC* CMP 508-510 FOR THE TARGET 565+ & SL TAKE 475 TIME FRAME MONTHLY ( For disclaimer and more visit www.elitewealth.in)

Indian Hotels Q2 Highlight:
1. Revenue up 27.4% to Rs 1,826.12 crore versus Rs 1,433.20 crore.
2. Net Profit up 226% to Rs 582.71 crore versus Rs 178.97 crore.
3. Ebitda up 41% to Rs 501.27 crore versus Rs 354.78 crore.
4. Margin at 27.5% versus 24.8%.

RVNL Q2 Highlights:
1. Revenue down 1.2% to Rs 4,854.95 crore versus Rs 4,914.32 crore.
2. Net profit down 27% to Rs 286.89 crore versus Rs 394.42 crore.
3. Ebitda down 9% to Rs 271.47 crore versus Rs 298.29 crore.
4. Margin at 5.6% versus 6.1%.

au bank up 2.25% 653

AUBANK CMP 642-644 BUY RANGE FOR THE TARGET 660+ & SL TAKE 627 (For disclaimer and more visit www.elitewealth.in)*

baluforge cmp 778-780 range buy call for the target 820 + 840 & sl take 742 (For disclaimer and more visit www.elitewealth.in)

Sl triggered in nmdc ,price hike product news come overnight so exit in this

SELL CALL NMDC FUT CMP 216 FOR THE TARGET 205 & SL TAKE 220 TILL EXPIRY OCT (For disclaimer and more visit www.elitewealth.in)*

BUY CALL SHANTI GEAR CMP 602-604 FOR THE TARGET 640+ & SL TAKE 588 (For disclaimer and more visit www.elitewealth.in)*

RISKY : BUY NIFTY 24600 CALL (EXP 24 OCT) AT 115-116 RANGE
SL 84
TGT 165+
TIME FRAME: 1-3 DAYS.

*sbi card fut cmp 706 , sell call given @ 716.35 so partially booked in this , target still intact 700*

sbi card fut down 1% 711

sell call Sbi card fut cmp 716.35 for the target 700 & 690 & sl take 727 (For disclaimer and more visit www.elitewealth.in)*