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The day is historical for Nifty, opened Positive gap up at very important level 13002.60 on 24th November 2020 and nifty strongly making all-time highs and after making a new all-time high of 13079.10 it closed at a very important level at 13055.15 with 1% gain.
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MARKET OUTLOOK REPORT
Figure. Nifty50 Intraday chart
Index Previous close Open High Low Close Change %
Nifty 50 12926.45 13002.60 13079.10 12978.00 13055.15 +1.00%
Sensex 44077.15 44341.19 44601.63 44247.12 44523.02 +1.01%
Nifty Bank 29024.20 29265.60 29827.80 29206.75 29737.25 +2.46%
THE day is historical for Nifty, opened Positive gap up at very important level 13002.60 on 24th November 2020, and nifty strongly making all-time highs and after making new all-time high of 13079.10 it closed at very important level at 13055.15 with 1% gain.
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24th November 2020
Top Performing Sectors
BANK NIFTY PERFORM WELL, RBLBANK GAIN MORE THEN 6%, HDFC 3%, AND AXIS CLOSE ABOVE 4%. ONLY ONE STOCK ‘BANKBARODA’ TRADED NEGATIVE TODAY IN BANKING INDEX.
BANK
29737.25
+2.46%
REALTY
258.30
+1.79%
AUTO
8887.95
+1.71%
FINANCE
14275.25
+1.54%
24th November 2020
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Top Trending News MARUTI SUZUKI: CO SUBSCRIBE EXPANDS TO MUMBAI, CHENNAI, AHMEDABAD & GANDHINAGAR
SSWL: CO RECEIVES NEW ORDERS FOR OVER RUPEES 6.5CR FROM U.S. & EUROPE
INFIBEAM AVENUES: CO COLLABORATES WITH BANK MUSCAT, OMAN'S BIGGEST BANK, TO OFFER HIGH-END PG SERVICES TO MERCHANTS IN OMAN
INFOSYS: XACBANK MONGOLIA SELECTS INFOSYS FINACLE TO POWER ITS DIGITAL TRANSFORMATION
INDIA FIN MIN OFFICIALS: NOVEMBER GST GROSS REVENUE LIKELY AT LEAST RUPEES 1.10T
BMC COMMISSIONER: SAYS RECORD INCREASE IN REGISTRATIONS IN MUMBAI AFTER REDUCTION OF STAMP DUTY | WITNESSED 11.4 LK REGISTRATIONS IN PAST FEW MONTHS DUE TO STAMP DUTY REDUCTION
GAYATRI PROJECTS: CO GOT 2.80B RUPEES NET OF STATUTORY DEDUCTIONS UNDER GOI SCHEME OF MONETISATION
DATAMATICS GLOBAL: CIGNEX US HAS PROPOSED TO PURCHASE ITS ENTIRE 62.51% STAKE HELD BY DGTL FOR $16.6M
24th November 2020
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Stocks in Action
STOCK PRE.CLOSE OPEN HIGH LOW CLOSE
BOSCHLTD 11819.50 11850.00 13300.00 11800.00 12980.00
GICRE 130.55 131.00 140.40 129.25 137.05
ADANIPORTS 375.15 378.00 402.00 376.00 392.25
AXISBANK 595.60 603.00 622.60 600.55 619.65
EICHERMOT 2597.35 2596.00 2715.00 2590.10 2693.30
HINDALCO 218.05 220.00 227.25 218.60 226.00
AUROPHARMA 848.50 853.95 884.35 845.10 879.25
M&M 705.45 710.00 745.50 706.25 729.35
BIOCON 420.25 422.35 436.00 418.10 433.55
HDFCBANK 1394.60 1408.00 1445.00 1402.05 1438.20
24th November 2020
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Corporate Actions
VALIANTORG (Interim Dividend Rs. 5 Per Share 24th November)
TECHNOE (Interim Dividend Rs 3 Per Share 24th November)
MAYURUNIQ (Share BUY BACK 24th November)
PRICOLLTD (Rights 2:7 @ Premium Rs 29/- on 24th November)
NATCOPHARMA (Interim Dividend Rs 3 Per Share 24th November)
VENUSREM (Annual General Meeting AGM 24th November)
GPPL Gujrat Pipavav Port Limited (Interim Dividend Rs 2.1 Per Share 24th November)
24th November 2020
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Top Picks for Tomorrow
BAJAJ AUTO Sector: Automobile.
Important Parameters:
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH DEBT CASH 89501.22 CR. 21.12 146.46 -1.45% 17.05% 125.59 CR. 308.27 CR.
FUNDAMENTALS
Company has been maintaining healthy ROE of 23.28% over the past 3 years. Company has been maintaining healthy ROCE of 31.93% over the past 3 years. Company is virtually debt free. Company has a healthy Interest coverage ratio of 2,083.34. The company has an efficient Cash Conversion Cycle of -13.69 days
Stock Current market price
Positional
target
BAJAJ AUTO 3080 3400
24th November 2020
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WABAG Sector: Miscellaneous.
Important Parameter
MARKET CAP PE EPS SALES GROWTH PROFIT GROWTH DEBT CASH 1240.70 CR 37.5 5.31 -0.10% 3.36% 440.61 CR 159.58 CR
FUNDAMENTALS.
The company has an efficient Cash Conversion Cycle of -31.03 days. The company has a good cash flow management; CFO/PAT stands at 0.01.
TECHNICAL.
Stock ready to upside movement on charts. After 2 month consolidation it make a trandline breakout pattern and close on a very important level above its tick avg. stock continuously traded above 20DMA and today it test bolingerband upper bond.
Stock Current
market price
Positional target
VA Tech Wabag Ltd.
195 224
24th 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
24th November 2020
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