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Nov 30 2020 . ISSUE 19

Good morning!😊 It's another trading holiday and definitely not something we look forward. However, these are all part of the game and let's focus on some very general updates today.

Risk comes from not knowing what you’re doing.

- Warren Buffett




+ 33.00



- 411.00



− 18.05



− 110.02


Indiabulls Housing Finance Ltd has further sold part of stake in OakNorth Holdings Ltd for Rs. 93 crore.

Dr Reddy’s to acquire certain anti-allergy brands from Glenmark.

Mid- and small-cap stocks on the limelight !
Documents in a folder with Trump Organization insignia

Indian stock markets are exhibiting a more broad-based bullish vibe after India-related MSCI indices rebalancing also fuelled a frenzied buying in mid- and small-cap stocks.

Things to look forward to..

The better-than-expected GDP number released Friday is also expected to support markets.

The upcoming auto sales numbers are also not expected to ruffle the momentum.

A major factor worthy of note is that, things are not that bad for most sectors as was initially feared. The second-quarter earnings numbers were by and large ahead of the Street’s estimates, thanks to good all-round savings, and better revenue growth.

Last week’s sharp gains of 3.9% and 6.3% in the Nifty Mid- and Small-cap indices are showing the smaller companies are able to make a good comeback after the lockdown.

In fact, the Nifty Mid-cap and Small-cap 100 indices gained 14% and 13% in 2020, outperforming the Nifty 50’s gains 8% by a mile.

Bottom line: Cash inflow continues.. warning sign ahead?

The objectives of the 900 crore vaccine fund!
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The recently announced third stimulus package of Rs. 900 Crore for the Mission COVID Suraksha will help accelerate development of approximately five to six covid-19 vaccine candidates, the ministry of Science & Technology said.

The objectives.. 

This grant that will be provided to the Department of Biotechnology (DBT).

The major objectives of the fund would be:

  • Acceleration of pre-clinical and clinical development.
  • Licensure of covid-19 vaccine candidates that are currently in clinical stages or ready to enter clinical stage of development.
  • Establishing clinical trial sites.
  • Strengthening the existing testing laboratories, central laboratories and suitable facilities for animal studies.
  • Production facilities and other testing facilities to support covid-19 vaccine development.

Bottom line: Well, preparing for the future is as important as saving the present!

Indostar capital to exit from corporate lending
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Corporate lending has proved to be a headache for many financial companies. We have seen companies desperately trying to reduce corporate lending and the latest on the scene is IndoStar Capital Finance.

It's all about playing safe!

Indostar is an NBFC backed by alternative asset manager Brookfield and private equity player Everstone. Over the course of two years, the company has reduced its corporate book, and has brought down the corporate portfolio by close to ₹3,500 crore, resulting  in a decrease of 60%.

At this point of time, their retail segment contributes 73% to the company's total book, while balance 27% is from corporate segment.

The retail segment focus of the company will be on vehicle finance, small and medium enterprises (SMEs) and affordable housing finance.

Bottom line: Ultimately, it all comes to minimalizing risk!

  • Madras HC tells DBS Bank to create a reserve fund for Lakshmi Vilas Bank shareholders.
  • Sebi clears Draft Red Herring Prospectus (DRHP) of Heranba Industries to launch Rs 700-crore IPO.
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