Analyst forecasts predict India's stock market will hit new highs over the next six months, rising by at least 10% from here by end-2024. This bull run is expected to continue due to sustained economic expansion and increased investment from young Indian retail investors. Corporate earnings are also predicted to grow over the coming six months, with value stocks likely to outperform growth.

Gold prices rose Rs 50 per 10 grams in the national capital on Wednesday, supported by higher demand in international markets. Silver prices were steady at Rs 76,400 for a kilogram. Overseas gold was up to USD 1,999/ounce and silver to USD 23.70/ounce. MCX December contract of gold rose 19 RS to 61,244/10 g and silver fell 81 to 73,223 per kilogram.

India, the world's third-biggest oil consumer, got 54% of its October imports from OPEC nations due to higher buying from Saudi Arabia and United Arab Emirates. This helped boost Russia's share to 33%, its lowest since April, as purchases from other alternatives encouraged refiners to cut costs. Oil demand rose in October due to festive season, with total import of 4.7 million barrels.

RBI has increased risk weights for NBFCs and banks lending to them, meaning higher capital requirements and debt supply for the subsegment which will result in higher prices in the corporate bond market. Banks may also charge up to 20bps more for their loans. Costs of borrowing from bond markets may be lower than those from banks, increasing preference for bonds among NBFCs!

Vision Corporation has experienced incredible year over year growth. Net Sales has grown 988.78% and net loss has decreased by 612.35%. According to BSE, the share prices have closed at 3.28 and given 69.07% returns in the last 6 months & 56.19% in the last 12 months.

KLG Capital Services' September 2023 standalone quarterly results showed a 6.92% decline in net sales from Rs. 0.19 crore to Rs. 0.18 crore and a 47.13% increase in net loss from Rs. 0.05 crore to Rs. 0.03 crore. The company's shares closed at 5.55 on November 20, 2023. It has given -24.08% returns over the last 6 months.

Vivo Biotech reported Net Sales of Rs. 9.04 crore in September 2023, down 27.88% from Rs. 12.54 crore in September 2022. Quarterly Net Profit was up 106.12% at Rs. 0.25 crore compared to 0.12 crore in previous year same quarter and EPS increased to Rs. 0.16. Returns over the last 6 months were 42.95% & -6.43% over the last 12 months.

Bondada Engineering Ltd has received work orders from Bharti Airtel Ltd for the supply of 6-m-high GI poles weighing 60kg (hot-dipped galvanized) without base in Kerala and Tamil Nadu. The order deadline is Dec 21, 2023, and the order size is Rs 2,92,05,000. Currently, the stock of Bondada Engineering is trading at Rs 427 and has given multibagger returns of 185.59% since being listed.

After the launch of Tata Technologies' IPO, the first from the Tata Group stable in 20 years, managing director and chief executive officer Warren Harris told CNBC TV18, in an interview, that non-Tata Group revenue is growing faster than revenue from within the group. The MD and CEO talked about the overall contribution to the company's revenue that Tata Group's various companies have had.

Ugro Capital's shares rose by 3% on November 22nd due to clarification from the company that the RBI circular would not affect its loan books. Its debt to equity and capital adequacy ratios are quite healthy and the majority of its assets being PSL loans, it will not suffer any additional risk weightage. The company's results for Q2 has been strong with revenues up 62.23%.

Asset under management of non-banking financial companies is set to rise 14-17% next fiscal, due to high demand for retail loans in secured and unsecured segments. Ratings agency CRISIL expects growth to be lower than the expected 16-18%. However, regulatory measures are targeted at unsecured retail loans which contribute 12-14%, with 75bps impact on CAR and 25-50bps on loan borrowing costs..

Ather Energy, an electric two-wheeler manufacturer, will launch a family scooter in April-May 2024. It is designed to be comfortable and affordable, while competing with other models like TVS' IQube and Bajaj Chetak. Ather recently reported a huge growth in revenue and expenses. It's foray into the non-premium category comes amid a pick up in EV 2W, with Ola Electric leading the market.

📈 Domestic benchmark indices closed on a flat note on November 22. 📢 At 3:30 PM, the Sensex gained 92.47 points or 0.14% at 66,023.24, and the Nifty was higher by 28.45 points or 0.14% at 19,811.85. 📊Among sectoral, Nifty IT (⬆️0.74%) turned out to be the best performer while Nifty PSU Bank (⬇️1.14%) saw considerable selling.

Motilal Oswal, IPO report on Tata Technologies Pure-play ER&D & Digital Solutions Specialist: Tata Technologies (TTL) is leading global engineering services player offering product development (80% of 1HFY24 revenue) and digital solutions (20%) including turnkey solutions to global OEMs and their Tier-1 suppliers. It is ranked 1 st among all India-based ER&D service providers.

AI activity is high and Anthropic is at its forefront. Headed by Dario Amodei who was part of OpenAI, the team has a rich pedigree in ML/AI research. Their "Constitutional AI" approach focuses on models that adhere to principles for training and deployment. With billions in investments from Google, Amazon, and others, Anthropic's ambitions are high--$5 billion over 2 yrs to enter 6 industries.