Pre-Market Analysis 
13-Nov-2024

Support Level : 23650
Resistance Level : 24100

Support Level : 50600
Resistance Level : 51500

1. Samvardhana Motherson International Ltd. Q2FY25 consolidated revenues rise by 18% YoY to ₹27,812 cr and net profits rise 222.5% YoY to ₹949 cr2. Zydus Lifesciences Ltd. Q2FY25 consolidated revenues rise by 20% YoY to ₹5,237 cr and net profits rise by 14% YoY to ₹911 cr

Result Corner

– TORNTPOWER  Company signs agreement with Spectrum Dyes and Anubha Industries for 9.9 MW renewable energy supply.– AUROPHARMA  European medicines agency (EMA) grants good manufacturing practice (GMP) certificate of compliance to Curateq Biosimilars’ manufacturing facility in Hyderabad.– EMSLIMITED  Company gets LoA in JV for the work valuing Rs 681.5 cr (74% Share) from Kolkata Municipal Corporation.– UPL  UPL Corp and CAC Nantong announce strategic agreement for global commercialization of Cyproflanilide insecticide– GANECOS  Company announced capacity expansion of 45,000 tonnes p.a – NTPC  NTPC Green IPO issue opens on November 19.– VBL  Company outlined expansion plans with three major acquisition proposals aimed at bolstering its presence in Africa and enhancing its production capabilities in India. – ENTERO  Company acquires 100% stake in Shree Enterprises– MANAPPURAM  Bain Capital looking to acquire controlling stake. Said to have shown interest to buy 11-12% stake from family and also infuse Rs 2000 cr. – SBIN  Company unit to raise Rs 2,000 crore for climate fund.

Stocks in news

Quick Takeaways

-India’s retail inflation rose to 6.21% in October from 5.49% in the preceding month mainly due to higher food prices.-India to reduce laptop imports 5% annually from 2025, boost local output-India’s industrial production rebounds to 3.1% in September from 0.1% contraction in August