Trading Idea for 06 Nov 20 (Friday): Important data to know before market opening

The nifty Support level is placed at 12050 followed by 11975. If Nifty starts going up, then the resistance level will be 12152 and 12196. While the Bank Nifty support level is placed at 26050 and 25880. If Bank Nifty starts going up, then the resistance level will be 26450 and 26650.

FII and DII data

Foreign Institutional Investors bought shares of Rs. 5368.31 crore while Domestic Institutional Investors sold shares of Rs. 2208.18 crore in Indian equity market on November 05, as per data NSE data.

F&O Ban on NSE

One security (SAIL) is under the F&O ban for tomorrow (Nov 06).

Latest Corporate Action

• Gujarat Gas Limited – Q2 Profit at Rs. 474.76 crores versus Rs. 517.25 crores profit, Revenue at Rs. 2559.91 crores versus Rs. 2569.25 crores, Other Income at Rs. 20.75 crores Profit versus Rs. 23.70 crores YoY (Mix Results).

• Torrent Power Limited – Q2 Profit at Rs. 198.32 crores versus Rs. 743.71 crores profit, Revenue at Rs. 3053.07 crores versus Rs. 3776.53 crores, Other Income at Rs. 62.00 crores Profit versus Rs. 63.05 crores YoY (Poor Results).

• Vinati Organics Limited – Q2 Profit at Rs. 6203.74 lakhs versus Rs. 7229.99 lakhs, Revenue at Rs. 21944.45 lakhs versus Rs. 23157.36 lakhs, Other Income at Rs. 140.09 lakhs Profit versus Rs. 859.90 lakhs YoY (Poor Results).

• PG Electroplast Limited –  Q2 Profit at Rs. 316.88 lakhs versus Rs. 74.56 lakhs, Revenue at Rs. 15281.96 lakhs versus Rs. 14433.44 lakhs, Other Income at Rs. 58.20 lakhs Profit versus Rs. 41.49 lakhs YoY (Good Results).

• Adani Power Limited – Q2 Profit at Rs. 2228.05 crores versus Rs. 3.88 crores profit, Revenue at Rs. 7749.21 crores versus Rs. 5915.69 crores, Other Income at Rs. 1043.07 crores Profit versus Rs. 899.53 crores YoY (Good Results).

• Minda Corporation Limited –  Q2 Profit at Rs. 2691 lakhs versus Rs. 3981 lakhs, Revenue at Rs. 63567 lakhs versus Rs. 52891 lakhs, Other Income at Rs. 744 lakhs Profit versus Rs. 1050 lakhs YoY (Mix Results).

• Container Corporation of India Limited – Q2 Profit at Rs. 187.58 crores versus Rs. 322.02 crores Loss, Revenue at Rs. 1502.73 crores versus Rs. 1738.65 crores, Other Income at Rs. 71.31 crores Profit versus Rs. 63.66 crores YoY (Good Results).

• Muthoot Capital Limited – Q2 Profit at Rs. 15.77 lakhs versus Rs. 14.05 lakhs, Interest earned at Rs. 143.55 lakhs versus Rs. 144.86 lakhs, Other Income at Rs. 06 lakhs Profit versus Rs. 06  lakhs YoY (Good Results).

• Matrimony.com Limited – Q2 Profit at Rs. 1026.32 lakhs versus Rs. 782.33 lakhs, Revenue at Rs. 9326.64 lakhs versus Rs. 9223.11 lakhs, Other Income at Rs. 473.16 lakhs Profit versus Rs. 464.99  lakhs YoY (Good Results).

• LT Foods Limited – Brickwork Rating India has assigned Long term credit rating of BWRA+ (Stable) and short term credit rating of BWR A1+ (Stable).

• Birlasoft Limited – CARE Rating Limited has assigned Long term bank facilities CARE AA- (Stable) with stable outlook.

Result on November 06

Aditya Birla Fashion, Alkem Lab , Ashok Leyland, Bank of India, BEML, BHEL, Cipla, CESC, SAIL, Sonata Software, Glenmark Pharma, India Cement, REC, Manappuram Finance, MRF, Quick Heal, Dr. Lal Path Lab will declare Q2FY21 results on November 06.