Stock Market Trade Setup for November 25 : Things to know

On November 24, BSE Sensex rose 445.87 points to 44,523.02, and the Nifty50 gained 128.70 points at 13,055.15 and formed a bullish view on daily chart. Nifty reached first time above 13,000 mark. Most action was seen in banks, realty, auto, realty, finance, and healthcare stocks while some profit-taking was seen in the telecom index. Adani Ports, Axis Bank, HDFC Bank, Eicher Motor and Hindalco were among major gainers on the Nifty, while losers included Titan, HDFC, BPCL, Nestle and GAIL.

According to pivot charts, Pivot point for market is 13,037.42. The key support levels for the Nifty is placed at 12,995.73, followed by 12,936.32. If the index moves up, the key resistance levels to watch out for are 13,096.83 and 13,138.52.

Day High - 13,079.10         Day Low - 12,978.00            Market Close - 13,055.15

Pivot Point = (13,055.15+13,079.10+12,978.00)/3 = 13,037.42

Support 1 = 2*13,037.42-13,079.10 = 12,995.73

Support 2 = 13,037.42- (13,079.10-12,978.00) = 12,936.32

Resistance 1 = 2*13,037.42-12,978.00 = 13,096.83

Resistance 2 = 13,037.42+ (13,079.10-12,978.00) = 13,138.52

Nifty Chart

Sensex Chart

Stocks in News :

• Visa, ICICI Bank partner to launch ‘Visa-in-a-box’ programme for fintech firms.
• Coal India to setup 3 GW solar power projects worth Rs 5,650 crore by 2023-24.
• Goa govt issues Rs 156 crore demand notice to JSW Steel.
• Union Bank of India to raise Tier II capital aggregating Rs 1000 crore.
• State Bank of India allots NCDs aggregating Rs 2500 crore.
• Welspun Corp redeems commercial paper for Rs 20 crore.
• Gayatri Projects receives Rs 208 crore under GoI scheme of monetisation of arbitral award.
• Shriram Transport Finance Company allots NCDs aggregating Rs 25 crore.
• Infosys to deploy Finacle solution suite for XacBank in Mongolia.

Stock Market Trade Setup for November 24 : Things to know

On November 23, BSE Sensex rose 194.90 points to 44,077.15, and the Nifty50 gained 67.40 points at 12,926.45. Most action was seen in IT, oil & gas, energy, healthcare while some selling pressure was seen in telecom, banks and consumer durables. ONGC, Indusind Bank, GAIL, Dr Reddy and Infosys were among major gainers on the Nifty, while losers included HDFC, Axis Bank, ICICI Bank, SBI Life and Titan.

According to pivot charts, Pivot point for market is 12,907.00. The key support levels for the Nifty is placed at 12,845.15, followed by 12,763.85. If the index moves up, the key resistance levels to watch out for are 12,988.30 and 13,050.15.

Day High - 12,968.85         Day Low - 12,825.70            Market Close - 12,926.45

Pivot Point = (12,926.45+12,968.85+12,825.70)/3 = 12,907.00

Support 1 = 2*12,907.00-12,968.85 = 12,845.15

Support 2 = 12,907.00- (12,968.85-12,825.70) = 12,763.85

Resistance 1 = 2*12,907.00-12,825.70 = 12,988.30

Resistance 2 = 12,907.00+ (12,968.85-12,825.70) = 13,050.15

Nifty Chart

Sensex Chart

Stocks in News :

• Max Estate to invest Rs 400 crore in new commercial project in Noida.
• Tata Group, Singapore Airlines infuse Rs 585 crore in Vistara.
• Strides Pharma Science gets USFDA nod for Prednisone tablets.
• Coal India board approves hike of non-coking coal price by Rs 10 per tonne from next month.
• BEML receives variation order from DMRC valued at Rs 501 crore.
• Biocon to acquire 26% stake in Hinduja Renewables Two.
• Ircon awarded orders of Rs 723 crore by NCRTC.

Stock Market Trade Setup for November 23 : Things to know

On November 20, BSE Sensex rose 282.29 points to 43,882.25, and the Nifty50 gained 87.30 points at 12,859.05 after surging 10 percent in the previous two weeks. The real action was in broader markets last week as the Nifty Midcap index climbed 2.8 percent and Smallcap gained 1.5 percent. 

Bajaj Finserv, Titan , Gail, Bajaj Finance and Bharti Airtel were among major gainers on the Nifty, while losers included Reiliance, Adani Ports, Axis Bank, Indusind Bank, and Sun Pharma on 20th November.

According to pivot charts, Pivot point for market is 12,827.25. The key support levels for the Nifty is placed at 12,762.05, followed by 12,665.05. If the index moves up, the key resistance levels to watch out for are 12,924.25 and 12,989.45.

Day High - 12,892.45         Day Low - 12,730.25            Market Close - 12,859.05

Pivot Point = (12,859.05+12,892.45+12,730.25)/3 = 12,827.25

Support 1 = 2*12,827.25-12,892.45 = 12,762.05

Support 2 = 12,827.25- (12,892.45-12,730.25) = 12,665.05

Resistance 1 = 2*12,827.25-12,730.25 = 12,924.25

Resistance 2 = 12,827.25+ (12,892.45-12,730.25) = 12,989.45

Nifty Chart

Sensex Chart

Stocks in News :

• Sical Logistics defaults on Rs281cr loan and interest to lenders.
• Relaxo Footwears to set up new facility at Rs150cr investment this fiscal.
• IOB expects resolution of NPAs worth Rs18,000cr in 2nd half of FY21.
• Bharti Airtel to acquire 5.2% stake in Avaada MHBuldhana for Rs 4.55 crore.
• Suzlon Energy allots 3.18 cr equity shares on conversion of bonds.
• South Indian Bank acquires 6.67% stake in IBBIC.
• Glenmark Pharmaceuticals issues notice for optional redemption of USD 200 mn 4.5% Senior Notes due 2021.
• Private Trains: L&T, GMR Among 102 Applicants Qualified In First Stage.

Stock Market Trade Setup for November 20 : Things to know

On November 19, BSE Sensex was down 580.09 points to close at 43,599.96, while the Nifty50 lost 166.60 points to 12,771.70, formed a bearish candle on daily chart and market closed in the red after six consecutive green session. Most selling pressure was visible in banks, finance, telecom, realty and metal stocks while some action was seen in consumer durables, power, and FMCG stocks. Power Grid, ITC, NTPC, Coal India and Tata Steel were among major gainers on the Nifty, while losers included SBI, Axis Bank, ICICI Bank, Tata Motors and JSW steel.

According to pivot charts, Pivot point for market is 12,826.82. The key support levels for the Nifty is placed at 12,690.63, followed by 12,609.57. If the index moves up, the key resistance levels to watch out for are 12,907.88 and 13,044.07.

Day High - 12,963.00         Day Low - 12,745.75            Market Close - 12,771.70

Pivot Point = (12,771.70+12,963.00+12,745.75)/3= 12,826.82

Support 1 = 2*12,826.82-12,963.00 = 12,690.63

Support 2 = 12,826.82- (12,963.00-12,745.75) = 12,609.57

Resistance 1 = 2*12,826.82-12,745.75 = 12,907.88

Resistance 2 = 12,826.82+ (12,963.00-12,745.75) = 13,044.07

Nifty Chart

Sensex Chart

Stocks in News :

• Nestle India on track to deliver 11th straight quarter of double-digit growth, says CMD Suresh Narayanan.
• Adani has no guaranteed buyer for $6 billion Indian solar project.
• L&T bags over Rs 7,000 crore order to construct part of Mumbai-Ahmedabad bullet train project.
• Wipro fixes December 11 as record date for buyback.
• Reliance Retail Ventures concludes fund raise of Rs 47,265 cr for 10.09% stake.
• Wipro selected as Dow Jones Sustainability World Index (DJSI) Member.
• Birlasoft to serve as implementation partner for Eskers P2P and O2C solutions.
• Infosys wins TM Forum Excellence Award for its digital transformation work with Vodafone UK.

Stock Market Trade Setup for November 19 : Things to know

On November 18, BSE Sensex was up 227.34 points to close at 44,180.05, while the Nifty50 gained 64.05 points to 12,938.25, formed a bullish candle on daily chart and market closed in the green for the sixth consecutive day. Sensex closed first time at above 44,000. The Nifty Auto and Nifty PSU Bank indices jumped 3 percent each. Nifty Bank Index rose 1 percent, while Nifty FMCG index shed 1 percent. BSE Auto and Capital Goods indices gained 3 percent each, while BSE Bank rose 2 percent and Power index gained 1 percent each. However, BSE IT and FMCG indices shed 1 percent each. M&M, Tata Motors, Bajaj Finserv, L&T and IndusInd Bank were among major gainers on the Nifty, while losers included BPCL, HUL, Dr Reddy’s Labs, TCS and Titan Company.

According to pivot charts, Pivot point for market is 12,902.15. The key support levels for the Nifty is placed at 12,855.45, followed by 12,772.65. If the index moves up, the key resistance levels to watch out for are 12,984.95 and 13,031.65.

Day High - 12,948.85         Day Low - 12,819.35            Market Close - 12,938.25

Pivot Point = (12,938.25+12,948.85+12,819.35)/3 = 12,902.15

Support 1 = 2*12,902.15-12,948.85 = 12,855.45

Support 2 = 12,902.15- (12,948.85-12,819.35) = 12,772.65

Resistance 1 = 2*12,902.15-12,819.35 = 12,984.95

Resistance 2 = 12,902.15+ (12,948.85-12,819.35) = 13,031.65

Nifty Chart

Sensex Chart

Stocks in News :

• Vedanta puts in expression of interest to buy govt stake in BPCL.
• Cipla enters pact with Belgium-based Multi-G to distribute 10-minute COVID-19 antibody test kit.
• Bombay Rayon Q2 Net Sales at Rs 20.00 crore, down 81.63%.
• Khaitan Q2 Net Sales at Rs 10.50 crore, down 19.32%.
• Kothari Product Q2 Net Sales at Rs 626.00 crore, down 41.1%.
• JIM Q2 Net Sales at Rs 0.32 crore, up 408.08%.
• Cyber Media Q2 Net Sales at Rs 8.09 crore, down 19.59%.
• R Systems Intl Q2 Net Sales at Rs 224.30 crore, up 13.63%.
• SIL Invest Q2 Net Sales at Rs 4.14 crore, down 61.49%.
• Sayaji Hotels Q2 Net Sales at Rs 7.57 crore, down 82.11%.
• Media Matrix Q2 Net Sales at Rs 444.05 crore, up 361.71%.
• Satin Credit Q2 Net Sales at Rs 313.16 crore, down 9.19%.
• Rajesh Exports Q2 Net Sales at Rs 317.15 crore, down 97.55%.

Stock Market Trade Setup for November 18 : Things to know

On November 17, BSE Sensex was up 314.73 points to close at 43,952.71, while the Nifty50 gained 93.95 points to 12,874.20, formed a small body bearish candle on daily chart and market closed in the green for the fifth consecutive day. Most action was seen in industrials, metals, capital goods, banks, and realty stocks. The top gainers on the Nifty included Tata Motors, Tata Steel, HDFC life, SBI, Adaniports and top losers are BPCL, Hero Motor, NTPC, IOC and ONGC.

According to pivot charts, Pivot point for market is 12,868.45. The key support levels for the Nifty is placed at 12,802.85, followed by 12,731.50. If the index moves up, the key resistance levels to watch out for are 12,939.80 and 13,005.40.

Day High - 12,934.05         Day Low - 12,797.10            Market Close - 12,874.20

Pivot Point = (12,874.20+12,934.05+12,797.10)/3 = 12,868.45

Support 1 = 2*12,868.45-12,934.05 = 12,802.85

Support 2 = 12,868.45- (12,934.05-12,797.10) = 12,731.50

Resistance 1 = 2*12,868.45-12,797.10 = 12,939.80

Resistance 2 = 12,868.45+ (12,934.05-12,797.10) = 13,005.40

Nifty Chart

Sensex Chart

Stocks in News :

• Insurtech platform Turtlemint raises $30 million in funding led by GGV Capital.
• NSE Academy acquires technology education firm TalentSprint.
• TCS to build investment insights solution for capital markets industry.
• Kris Gopalakrishnan appointed first chairperson of Reserve Bank Innovation Hub.
• M&M to manufacture K2 tractor series in Telangana.
• Govt places Lakshmi Vilas Bank under moratorium till December 16, imposes Rs 25,000 withdrawal limit and RBI says Lakshmi Vilas Bank to merge with DBS Bank.
• State Bank of India is set to offer a Rs 5,000 crore loan to Adani Enterprises Ltd's Australian mining company, now renamed Bravus Mining & Resources.
• Fortis Healthcare today announced that Dr Bishnu Panigrahi has re-joined the company as Group Head, Medical Strategy and Operations.

Stock Market Trade Setup for November 17 : Things to know

Last Week, BSE Sensex was up 1745 points to close at 43,637.98, while the Nifty50 gained 516.70 points to 12,780.30, formed a bullish candle on weekly chart and market closed in green position. Most action was seen across sectors barring IT which ended third of a percent higher, while other sectors gained 1-8 percent during the week. On 14th Nov, the top gainers on the Nifty included BPCL, IOC, Tata Motors, HDFC Life, Sun Pharma and top losers are Hindalco, Hero Motor, JSW steel, SBI and Bajaj Finanace.

According to pivot charts, Pivot point for market is 12,786.15. The key support levels for the Nifty is placed at 12,743.60, followed by 12,706.90. If the index moves up, the key resistance levels to watch out for are 12,822.85 and 12,865.40.

Day High - 12,828.70         Day Low - 12,749.45            Market Close - 12,780.30

Pivot Point = (12,780.30+12,828.70+12,749.45)/3 = 12,786.15

Support 1 = 2*12,786.15-12,828.70 = 12,743.60

Support 2 = 12,786.15- (12,828.70-12,749.45) = 12,706.90

Resistance 1 = 2*12,786.15-12,749.45 = 12,822.85

Resistance 2 = 12,786.15+ (12,828.70-12,749.45) = 12,865.40

NIFTY CHART FOR 13 AND 14 NOV

SENSEX CHART FOR 13 AND 14 NOV

Stocks in News :

• NCLT approves Rs 103 crore resolution plan for NIIL Infrastructures.
• Escorts plans to raise annual tractor production capacity to 1.8 lakh units.
• ONGC books Rs 1,238 crore impairment loss, Q2 net profit down 55%.
• Reliance buys furniture retailer Urban Ladder for Rs 182 crore.
• Gold imports dip 47% in April-October to $9.28 billion.
• Prestige Group's Q2 sales booking up 9% at Rs 1,123 crore despite slowdown in property market.
• Toyota Kirloskar logs 12% increase in retail sales on Dhanteras.
• GIC Re posts Rs 230 crore net profit for September quarter.
• Indiabulls Real Estate posts Rs 76 crore net loss in September quarter.
• Satin Creditcare Q2 net drops 70% to Rs 16 crore.

Stock Market Trade Setup for November 13 : Things to know

On November 12, BSE Sensex was down 236.48 points to close at 43,357.19, while the Nifty50 lost 58.40 points to 12,690.80, formed a bearish candle on daily chart and market closed in the red after eight green sessions. Most action was seen in FMCG, Capital Goods, Realty, and Capital Discretionary stocks while profit-taking was visible in banks, public sector, and energy space. The top gainers on the Nifty included Hindustan Uniliver, Grasim, Shree cement, Hindalco, ITC and top losers are SBI, Kotak Bank, Coal India, Indusind Bank and NTPC.

According to pivot charts, Pivot point for market is 12,685.60. The key support levels for the Nifty is placed at 12,630.05, followed by 12,569.30. If the index moves up, the key resistance levels to watch out for are 12,746.35 and 12,801.90.

Day High - 12,741.15         Day Low - 12,624.85            Market Close - 12,690.80

Pivot Point = (12,690.80+12,741.15+12,624.85)/3 = 12,685.60

Support 1 = 2*12,685.60-12,741.15 = 12,630.05

Support 2 = 12,685.60- (12,741.15-12,624.85) = 12,569.30

Resistance 1 = 2*12,685.60-12,624.85 = 12,746.35

Resistance 2 = 12,685.60+ (12,741.15-12,624.85) = 12,801.90

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• IRB Infra posts consolidated net loss of Rs 20 crore in Q2.
• NDMC announces rebate in Property Tax Bills.
• Prestige Estates Q2 net profit down 40% at Rs 94 crore.
• VA Tech WABAG reports Q2 standalone net at Rs 8.02 crore.
• IL&FS Engineering and Construction Q2 net loss widens to Rs 73.16 crore.
• Ircon International Q2 consolidated profit marginally up at Rs 84 crore.
• GE Power India posts Rs 37.4 crore net profit for Q2.
• Natco Pharma Q2 net profit up 73% to Rs 204 crore.
• MTNL Q2 loss narrows to Rs 582 crore.
• Ashoka Buildcon Q2 PAT up six-fold to Rs 70 crore.
• Uflex Q2 net profit jumps two-fold to Rs 222 crore.
• V-Mart Retail posts Q2 net loss of Rs 19 crore.
• Religare Enterprises Q2 net loss narrows to Rs 115 crore.
• PFC net profit jumps 72% to Rs 4,290 crore in Q2.
• Zydus Cadila completes phase 2 clinical trial in COVID-19 patients with biological therapy PegiHep.

Stock Market Trade Setup for November 12 : Things to know

On November 11, BSE Sensex was up 316.02 points to close at 43,593.67, while the Nifty 50 gained 118.10 points to 12,749.20, formed a bullish candle on daily chart and market closed in the green for the 8th consecutive session. Most action was seen in sectors like Pharma, Metals and IT. The top gainers on the Nifty included Hindalco, Tata Steel, Dr Reddy, Axis Bank, Bajaj Finserv and top losers are Indusind Bank, Reliance, Titan, Asian Paint and Britannia.

According to pivot charts, Pivot point for market is 12,696.67. The key support levels for the Nifty is placed at 12,623.58, followed by 12,498.02. If the index moves up, the key resistance levels to watch out for are 12,822.23 and 12,895.32.

Day High - 12,769.75         Day Low - 12,571.10            Market Close - 12,749.15

Pivot Point = (12,749.15+12,769.75+12,571.10)/3 = 12,696.67

Support 1 = 2*12,696.67-12,769.75 = 12,623.58

Support 2 = 12,696.67- (12,769.75-12,571.10) = 12,498.02

Resistance 1 = 2*12,696.67-12,571.10 = 12,822.23

Resistance 2 = 12,696.67+ (12,769.75-12,571.10) = 12,895.32

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• Bharat Forge reports Q2 net loss of Rs 1.32 crore.
• GMR Infrastructure Q2 net loss widens to Rs 750 crore.
• Cosmo Films Q2 net profit up 84% to Rs 53 crore.
• Aurobindo Pharma Q2 profit jumps 26% to Rs 805.6 crore and US business grows 12.5%.
• BGR Energy Systems Q2 net loss at Rs 151.17 crore.
• Emami Realty Q2 profit jumps more than 14 times to Rs 34 crore.
• NHPC net profit down 11% to Rs 1,300 crore in Q2.
• Spicejet Q2 results cuts down net loss to Rs 112.6 crore and appoints new CFO.
• Coal India Q2 profit falls 16% to Rs 2,948 crore and declares interim dividend of Rs 7.50 per share. Government to get Rs 3,056 crore dividend from Coal India.
• Indiabulls Housing Finance net profit declines 54% to Rs 323 crore in Q2.
• Abbott India Q2 net profit up 1% to Rs 181 crore.
• LIC Housing Finance Q2 profit up 3% at Rs 790 crore.
• Godrej Industries Q2 net profit falls 45% and revenue declines 9%.

Gland Pharma Ltd IPO subscribed 2.06 times and Retail part subscribed 0.24 times on Last day

The initial public offer (IPO) of Gland Pharma Ltd subscribed 2.06 times on Wednesday the last day of the offering data from stock exchanges show.

Gland Pharma Ltd had set a price band of Rs 1490-1500 per share and the IPO closed on 11th November.

The portion of shares reserved for Qualified institutional investors was subscribed 6.40 times, while shares reserved for retail investors was subscribed 0.24 times.

Stock Market Trade Setup for November 11 : Things to know

On November 10, BSE Sensex was up 680.22 points to close at 43,277.65, while the Nifty 50 gained 170.05 points to 12,631.10 and formed a bullish candle on daily chart. Most action was seen in banks, finance, capital goods, realty, as well as oil & gas while mild profit booking was seen in IT, healthcare, and telecom stocks. The top gainers on the Nifty included Bajaj Finance, Indusind Bank, LT, Bajaj Finserv, SBI and top losers are Tech Mahindra, Cipla, HCL Technology, Divis lab and Nestle Industry.

According to pivot charts, Pivot point for market is 12,583.42. The key support levels for the Nifty is placed at 12,522.93, followed by 12,414.77. If the index moves up, the key resistance levels to watch out for are 12,691.58 and 12,752.07.

Day High - 12,643.90         Day Low - 12,475.25            Market Close - 12,631.10

Pivot Point = (12,631.10+12,643.90+12,475.25) = 12,583.42

Support 1 = 2*12,583.42-12,643.90 = 12,522.93

Support 2 = 12,583.42- (12,643.90-12,475.25) = 12,414.77

Resistance 1 = 2*12,583.42-12,475.25 = 12,691.58

Resistance 2 = 12,583.42+ (12,643.90-12,475.25) = 12,752.07

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• Exide Industries Q2 net up 4% at Rs 257 crore.
• Motherson Sumi Q2 net profit up 3% to Rs 388 crore.
• Tata Power Q2 net up 10% to Rs 371 crore.
• RITES Q2 consolidated profit down 44% at Rs 132 crore.
• IDFC net loss narrows to Rs 147 crore in Q2.
• Dalmia Bharat Sugar reports 11% rise in Q2 profit.
• GAIL profit dips 9% to Rs 1,068.16 crore in Q2 on gas marketing woes.
• TTK Prestige Q2 profit falls 19% to Rs 65 crore.
• Godfrey Phillips India Q2 net profit falls 9.23% to Rs 103.06 crore.
• M&M Standalone September 2020 Net Sales at Rs 11,710.46 crore, up 5.73%.
• Tribhovandas Consolidated September 2020 Net Sales at Rs 273.17 crore, down 30.53%.
• Exide Ind Consolidated September 2020 Net Sales at Rs 4,011.39 crore, up 6.16%.
• Dalmia Sugar Consolidated September 2020 Net Sales at Rs 719.53 crore, up 78.41%.

Gland Pharma Ltd IPO subscribed 0.22 times and Retail part subscribed 0.15 times on day 2

The initial public offer (IPO) of Gland Pharma Ltd subscribed 0.22 times on Tuesday the second day of the offering data from stock exchanges show.

Gland Pharma Ltd has set a price band of Rs 1490-1500 per share and the IPO closes on 11th November.

The portion of shares reserved for Qualified institutional investors was subscribed 0.48 times, while shares reserved for retail investors was subscribed 0.15 times.

Stock Market Trade Setup for November 10 : Things to know

On November 09, BSE Sensex was up 704.37 points to close at 42,597.43, while the Nifty 50 gained 197.50 points to 12,461.00 and formed a bullish candle on daily chart. Most action was seen in telecom, banks, power, metal, finance, and consumer durable stocks while mild profit-taking was seen in the healthcare space. The top gainers on the Nifty included Divis Lab, Bharti Airtel, Indusind Bank, ICICI Bank, Axis Bank and top losers are Cipla, Adani ports, Maruti, ITC and Grasim.

According to pivot charts, Pivot point for market is 12,434.13. The key support levels for the Nifty is placed at 12,394.22, followed by 12,327.43. If the index moves up, the key resistance levels to watch out for are 12,500.92 and 12,540.83.

Day High - 12,474.05         Day Low - 12,367.35            Market Close - 12,461.00

Pivot Point = (12,461.00+12,474.05+12,367.35) = 12,434.13

Support 1 = 2*12,434.13-12,474.05 = 12,394.22

Support 2 = 12,434.13- (12,474.05-12,367.35) = 12,327.43

Resistance 1 = 2*12,434.13-12,367.35 = 12,500.92

Resistance 2 = 12,434.13+ (12,474.05-12,367.35) = 12,540.83

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• OIL India Q2 profit drops 42% to Rs 381.75 crore on blowout expense.
• Akzo Nobel India Q2 net profit up 34.6% to Rs 66.28 crore.
• Future Lifestyle Fashion reports Q2 net loss of Rs 258 crore.
• Future Supply Chain Solutions reports Q2 net loss of Rs 68.75 crore.
• REC Consolidated September 2020 Net Sales at Rs 8,810.00 crore, up 17.82% YoY.
• Bharat Elec Consolidated September 2020 Net Sales at Rs 3,195.24 crore, up 16.26% YoY.
• Ujjivan Small Finance Bank Q2 profit up marginally at Rs 96 crore.
• FDC Standalone September 2020 Net Sales at Rs 375.54 crore, up 8.8% YoY.
• Bharat Elec Standalone September 2020 Net Sales at Rs 3,188.66 crore, up 16.26% YoY.
• Schaeffler Ind Standalone September 2020 Net Sales at Rs 1,120.65 crore, up 8.26% YoY.

Gland Pharma Ltd IPO subscribed 0.04 times and Retail part subscribed 0.08 times on day 1

The initial public offer (IPO) of Gland Pharma Ltd subscribed 0.04 times on Monday the first day of the offering data from stock exchanges show.

Gland Pharma Ltd has set a price band of Rs 1490-1500 per share and the IPO closes on 11th November.

The portion of shares reserved for non institutional investors was subscribed 0.01 times, while shares reserved for retail investors was subscribed 0.08 times.

Gland Pharma Limited IPO opens on Nov 09, 2020 and closes on Nov 11, 2020

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Gland Pharma Ltd, established in Hyderabad, India in 1978 and have expanded from liquid parenterals to cover other elements of the injectables value chain, including contract development, own development, dossier preparation and filing, technology transfer. It manufactures a diversified range of high-quality complex injectables. The company offers products like sterile injectables, oncology, and ophthalmics, complex injectables (peptides, suspensions, hormonal products, long-acting injectables), NCE-1s, First-to-File products etc.

As of June 30, 2020, Gland Pharma along with our partners had 267 ANDA filings in the United States, of which 215 were approved and52 were pending approval. The 267 ANDA filings comprise 191 ANDA filings for sterile injectables, 50 for oncology and 26 for ophthalmics related products. Out of these 267 ANDA filings, 101 represent ANDAs owned by Gland Pharma, of which 71 ANDA filings are approved and 30 are pending approval. As of the same date, we along with Gland Pharma partners had a total of 1,427 product registrations, comprising 371 product registrations in the United States, Europe, Canada and Australia, 54 in India and 1,002 in the Rest of the world. Gland Pharma have a consistent regulatory compliance track record and all facilities are approved by the USFDA from whom Gland Pharma have had no warning letters since the inception of each facility.

The company follows a B2B model to sell its products in more than 60 countries including the US, Canada, Australia, India, Europe, etc. Leading pharma companies i.e. Sagent Pharmaceuticals, Apotex Inc. Athnex Pharmaceutical Division, LLC, Fresenius Kabi USA, LLC, etc. are some of the key customers.

It has 7 robust manufacturing units in India comprising 4 finished formulations facilities, 22 production lines, and 3 APIs.

Competitive Strength :

• The extensive product portfolio of complex injectables.
• Diversified B2B model with a targeted B2C model in India.
• Strong manufacturing capabilities.
• Robust financial track record.
• Experienced and qualified managerial team.

Company Promoters :

Fosun Pharma Industrial Pte. Ltd and Shanghai Fosun Pharmaceutical (Group) Co. Ltd is the company promoters.

Company Financials :

Particulars	For the year/period ended ( in million)
	30-June-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	46,912.65	40,860.39	35,235.49	29,294.68
Total Revenue	9,162.89	27,724.08	21,297.67	16,716.82
Profit After Tax	3,135.90	7,728.58	4,518.56	3,210.51

IPO Detail :

Issue Size  - 43,196,968 Eq Shares of Rs 1 (aggregating up to Rs 6,479.55 Cr) 

Fresh Issue - 8,333,333 Eq Shares of Rs 1 (aggregating up to Rs 1,250.00 Cr) 

Offer for Sale - 34,863,635 Eq Shares of Rs 1 (aggregating up to Rs 5,229.55 Cr)

IPO Price - Rs  1490 to Rs 1500 per equity share

Market Lot - 10 Shares ( Min Order quantity )

Maximum Order Quantity for Retail  -  130 Shares (  13 Lots )

Finalisation of Basis of Allotment - Nov 17, 2020

Initiation of Refunds - Nov 18, 2020

Credit of Shares to Demat Account - Nov 19, 2020

IPO Shares Listing Date - Nov 20, 2020