Sharekhan

Global update- Asia-Pacific markets fell as manufacturing activity unexpectedly contracted in China. US markets snap 3-day losing streak, Key Indices up more than 1% each. European market snap 2-day losing streak, FTSE up 0.5%, CAC rises 0.4%.

Rupee update- Rupee opened flat at 83.25/$ Vs October 30 close.

#MarketUpdate 31 Oct 2023 Market Report- Markets trade in green. #Nifty above 19,150 Indian stock markets were trading flat in the morning session. At 9.40 am, #Sensex rose by 0.11% or 72 points to 64,181. The Nifty gained 0.10% or 24 points to 19,165. #MarketUpdate #Nifty #Sensex

#SharekhanResearch retains Buy on Marico with PT of Rs645; Q2 was in-line; Mgmt optimistic abt recovery in vol. growth in H2; Gross margins/OPM to expand by 400/200BPS in FY24; retained medium term guidance of 8-10% vol growth; valn attractive https://t.co/Q9OkXssHb5 #SharekhanResearch

#SharekhanResearch maintains Buy on #NTPC with 12 months PT of Rs270; key beneficiary of thermal capex revival along with strong RE growth outlook; FY25E P/BV of 1.4x attractive & offers 3-4% div. yield; decent Q2 performance https://t.co/Q9OkXssHb5 #SharekhanResearch #NTPC

#SharekhanResearch retains Buy on #APLApollo with 12 months PT of Rs2000; cpty. expansion & rise in VAP mix to drive high PAT growth; mgt. retained FY26 vol. guid. of 4.6-5mt; aim margin of Rs6k/t; FY26E PE of 22x reasonable; in-line Q2 results https://t.co/Q9OkXssHb5 #SharekhanResearch #APLApollo

#SharekhanResearch maintains Positive view on #JupiterWagons with upside of 25%; healthy order book of ~Rs 5,953 crore gives revenue visibility 1.5 years; Mgmt increasing foundry capacity to meet strong demand from pvt. players & Indian railway. https://t.co/Q9OkXssHb5 #SharekhanResearch #JupiterWagons

#Sharekhan Research maintains a Buy rating on TVS Motor with a revised PT of Rs 1853 in expectation of gradual revival in export volumes, successful launches in EV space and sustained high EBITDA margin. #Disclaimer:https://t.co/lwlnPuAoFi #Sharekhan #Disclaimer

#IPOALERT Honasa Consumer Limited IPO is open from October 31 to November 02. The company intends to raise ₹ 1701 crores from the market. Here's how you can participate seamlessly in this IPO via UPI: https://bitly.ws/YUwB#Sharekhan #Ipo #ShareMarket #IPOALERT #Sharekhan #Ipo #ShareMarket