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Posted on  November 27, 2020 under  by Team Lakshmishree

Stock Market Today

Ready For Stock Market Today ??

Here are The Points you need to know

The Stock Market today seems like a black Friday for the US in the Midcap session. 

We put behind a phenomenal November series with a gain of over 11% on Nifty and huge money coming in from the foreign investor's community. Let's see how the December series shapes up for now the SGX Nifty is indicating a start in the green as per research.

The street would be focused today on basically some of the autonames. The expectations would be that after last month's record numbers could be anchored. Maruti & HeroMotor corps are highlighting as a leader in their segments.

Open Access Regulations

A fair distribution system of providing transmission line usage by any licensed consumer under the regulations of an appropriate commission.

Biggest Takeaways

  • Existing OMC/Dealer outlets will not be able to shift to open access that will impact the city gas distribution companies.
  • Indicating existing  CNG volumes will not be affected as a result of their regulation and there will be no negative impact on current EPS, as well as earlier expected 13-14% impact.
  • The Unified Tariff will be reset annually & not fortnightly across gas pipelines.
  • Blended Tariff comes around Rs.57/mmBtu which is positive for GAIL. However, it could lead to price hikes or cost hikes for all users. That is city gas distribution companies & fertilizers.

COVID-19 Updates

USL Company had returned into a share purchase agreement on 14th Oct 2020 for stake sale in a subsidiary last month which now holds invalid and the reason behind this is the company is not receiving considerations from prospective buyers.

 This particular arm will continue to be the subsidiary of the company. 

Cadila will also be focused on the back of the report that the company plans to launch the vaccine by March next year and the company to submit phase 2-trial results next year.

Then apply for phase 3-trials to conduct 39,000 participants in Dec which is positive news for all of us.

Stocks in Green

Ramakrishnan Forgings completed the trial run of the Hollow Spindle line, which means they have started commercial production with an additional capacity of 10,2000/year.

Tube Investments CG Power is to raise Rs.350 crore from Azim Premji Trust & SBI Mutual fund as per yesterday's announcement.

The names are important, Rs.150 crore comes in from the SBI Mutual fund & Rs.200 crore comes in from Azim Premji's Trust.

Over and above all of this, they have also completed the acquisition of CG power.

M&M, To partner with TVS Automobile solutions for integrating Mahindra first choice biz.

Stocks to Watch Today

Khadims, Mirza International, Mahanagar Gas, CG Power, GAIL, IGL, NTPC, TUBE Investment, Ramakrishnan For, SuperhouseE, Bata, BPL, GUJ GAS, Jayshree Tea, AstraZeneca, Cadila Health, Westlife DVPT,  Liberty Shoe, (63 Moons) Especially after a long time.

Click on The Image Below To Watch Our Pre-Market Analysis

Stocks To Watch

Written by Team Lakshmishree

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