*IMPORTANT EVENTS THIS WEEK*
*04.11.2024:*
CHINA’S TOP LEGISLATURE NPC STANDING COMMITTEE’S 5 DAY MEETING BEGINS
*05.11.2024*
US PRESIDENTIAL ELECTIONS
*06.11.2024*
MSCI QUARTERLY REBALANCING MEETING
*07.11.2024*
US FEDERAL RESERVE’S 2-DAY MEETING ON 6th & 7TH OF THIS WEEK – OUTCOME ON THURSDAY
*04.11.2024:*
CHINA’S TOP LEGISLATURE NPC STANDING COMMITTEE’S 5 DAY MEETING BEGINS
*05.11.2024*
US PRESIDENTIAL ELECTIONS
*06.11.2024*
MSCI QUARTERLY REBALANCING MEETING
*07.11.2024*
US FEDERAL RESERVE’S 2-DAY MEETING ON 6th & 7TH OF THIS WEEK – OUTCOME ON THURSDAY
Fund Houses Recommendations*
DAM on *Bharti Airtel:* Initiate Buy on Company,s target price at Rs 1970/Sh (Positive)
NOMURA on *Cipla:* Upgrade Buy on Company, target price at Rs 1800/Sh (Positive)
Prabhudas on *Engineers Ind:* maintain Buy on Company, target price at Rs 247/Sh (Positive)
HSBC on *Prestige:* maintain Buy on Company, target price at Rs 1800/Sh (Positive)
Jefferies on *Nykaa:* maintain Buy on Company, target price at Rs 220/Sh (Positive)
CLSA on *Tata Power:* initiate Buy on Company, target price at Rs 440/Sh (Positive)
CITI on *IOCL:* maintain Buy on Company, target price at Rs 190/Sh (Positive)
CITI on *HPCL:* maintain Buy on Company, target price at Rs 450/Sh (Positive)
INVESTEC on *Max Estates:* Initiate Buy on Company, target price at Rs 700/Sh (Positive)
NOMURA on *Sun Pharma:* Maintain Buy on Company, target price at Rs 1850/Sh (Nutural)
DAM on *Bharti Airtel:* Initiate Buy on Company,s target price at Rs 1970/Sh (Positive)
NOMURA on *Cipla:* Upgrade Buy on Company, target price at Rs 1800/Sh (Positive)
Prabhudas on *Engineers Ind:* maintain Buy on Company, target price at Rs 247/Sh (Positive)
HSBC on *Prestige:* maintain Buy on Company, target price at Rs 1800/Sh (Positive)
Jefferies on *Nykaa:* maintain Buy on Company, target price at Rs 220/Sh (Positive)
CLSA on *Tata Power:* initiate Buy on Company, target price at Rs 440/Sh (Positive)
CITI on *IOCL:* maintain Buy on Company, target price at Rs 190/Sh (Positive)
CITI on *HPCL:* maintain Buy on Company, target price at Rs 450/Sh (Positive)
INVESTEC on *Max Estates:* Initiate Buy on Company, target price at Rs 700/Sh (Positive)
NOMURA on *Sun Pharma:* Maintain Buy on Company, target price at Rs 1850/Sh (Nutural)
: India Daybook – Stocks in News*
*Welspun corp:* Company announce receipt of two large orders in the usa, cumulatively valued at Rs 1300 cr (approx.) for supply of coated hsaw pipes for natural gas pipeline projects (Positive)
*HCLTech:* Company announces new AI and cloud lab in Singapore in collaboration with Singapore Economic Development Board (Positive)
*Azad Engineering:* Company secures Rs 700 cr, long-term contract with mitsubishi heavy industries for supply of highly engineered & complex rotating and stationary airfoils for advanced gas & thermal power turbine engines (Positive)
*Gensol Engineering:* Company wins order worth Rs 780 cr (Positive)
*Premier Energies limited:* premier energies international private ltd. & premier energies photovoltaic private ltd, the subsidiaries of premier energies limited, have received and accepted multiple orders aggregating to Rs 560.00 crore from 2 large independent power producer (ipp) (Positive)
*Hero Motocorp:* October total sales 679,091 units vs 574,930 units (yoy), est 640,400 (Positive)
*Apollo Hospitals:* Company unit proposes to establish a 500 bed hospital in worli Mumbai (Positive)
*NMDC:* October iron ore sales 4.03 MT vs 3.44 MT (YoY), October total iron ore production 4.07 MT vs 3.92 MT (YoY) (Positive)
*COAL India:* October offtake falls 0.5% (YOY), October production UP 2.3% (YOY) (Natural)
*TVS Motors:* October total sales 489,015 units vs 434,714 units (YoY), Est 492,000 (Positive)
*Ashoka buildcon:* Company has been declared as the lowest bidder l1 for Maharashtra state electricity transmission co. ltd. (msetcl) project, quoted bid price for project is 3.12 billion (Positive)
*Escorts:* October total sales 18,110 UNITS VS 13,205 units (YoY) (Positive)
*Atul Auto:* October total sales 3818 units vs 3,060 units (YoY)
(Positive)
*Hyundai Motors:* October total sales 70,078 units vs 68,700 units (YoY), Est 68,080 (Positive)
*NBCC:* Company gets work orders worth Rs 2.35 billion (Positive)
*Refex Renewables & Infrastructure:* Company unit acquires balance 51% stake in sherisha solar spv two, entity being acquired belongs renewable energy / solar power project sector (Neutral)
*Indraprastha Medical Corp:* Company issues disclosure regarding media allegations concerning an associate doctor, Company says alleged irregularities on kidney transplant practices not at our hospital (Neutral)
*Hindustan Unilever:* Company completed sale, divestment of water purification business under brand 'Pureit' (Neutral)
*Eicher Motors:* CV October total sales 7112 Units vs 7,486 units (yoy), Est 7,320 (Neutral)
*Tata Motors:* October total sales 82,682 units vs 82,954 units (YoY), Est 73,030 (Neutral)
*SML ISUZU:* October Total Sales 801 UNITS VS 873 units (YoY) (Negative)
*Welspun corp:* Company announce receipt of two large orders in the usa, cumulatively valued at Rs 1300 cr (approx.) for supply of coated hsaw pipes for natural gas pipeline projects (Positive)
*HCLTech:* Company announces new AI and cloud lab in Singapore in collaboration with Singapore Economic Development Board (Positive)
*Azad Engineering:* Company secures Rs 700 cr, long-term contract with mitsubishi heavy industries for supply of highly engineered & complex rotating and stationary airfoils for advanced gas & thermal power turbine engines (Positive)
*Gensol Engineering:* Company wins order worth Rs 780 cr (Positive)
*Premier Energies limited:* premier energies international private ltd. & premier energies photovoltaic private ltd, the subsidiaries of premier energies limited, have received and accepted multiple orders aggregating to Rs 560.00 crore from 2 large independent power producer (ipp) (Positive)
*Hero Motocorp:* October total sales 679,091 units vs 574,930 units (yoy), est 640,400 (Positive)
*Apollo Hospitals:* Company unit proposes to establish a 500 bed hospital in worli Mumbai (Positive)
*NMDC:* October iron ore sales 4.03 MT vs 3.44 MT (YoY), October total iron ore production 4.07 MT vs 3.92 MT (YoY) (Positive)
*COAL India:* October offtake falls 0.5% (YOY), October production UP 2.3% (YOY) (Natural)
*TVS Motors:* October total sales 489,015 units vs 434,714 units (YoY), Est 492,000 (Positive)
*Ashoka buildcon:* Company has been declared as the lowest bidder l1 for Maharashtra state electricity transmission co. ltd. (msetcl) project, quoted bid price for project is 3.12 billion (Positive)
*Escorts:* October total sales 18,110 UNITS VS 13,205 units (YoY) (Positive)
*Atul Auto:* October total sales 3818 units vs 3,060 units (YoY)
(Positive)
*Hyundai Motors:* October total sales 70,078 units vs 68,700 units (YoY), Est 68,080 (Positive)
*NBCC:* Company gets work orders worth Rs 2.35 billion (Positive)
*Refex Renewables & Infrastructure:* Company unit acquires balance 51% stake in sherisha solar spv two, entity being acquired belongs renewable energy / solar power project sector (Neutral)
*Indraprastha Medical Corp:* Company issues disclosure regarding media allegations concerning an associate doctor, Company says alleged irregularities on kidney transplant practices not at our hospital (Neutral)
*Hindustan Unilever:* Company completed sale, divestment of water purification business under brand 'Pureit' (Neutral)
*Eicher Motors:* CV October total sales 7112 Units vs 7,486 units (yoy), Est 7,320 (Neutral)
*Tata Motors:* October total sales 82,682 units vs 82,954 units (YoY), Est 73,030 (Neutral)
*SML ISUZU:* October Total Sales 801 UNITS VS 873 units (YoY) (Negative)
*ASHOK LEYLAND:* OCTOBER TOTAL SALES 15,310 UNITS VS 16,864 UNITS (YOY), EST 16,110 (NUMBERS SEEN LOWER THAN ESTIMATE)
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BUY ABCAPITAL 200PE CMP 8.20-8.40 TGT 10.50 SL 7