Best Stocks to Buy Today : 20/10/21

Day Trading: Havells, Jubilant Foodworks, Tata comm, Syngene, Asian Paints, JSW Steel, Mphasis, Deepak Nitrite, Coforge, BHEL, Sriram Transport fin

Short Term: L&T infotech, TTK prestige, Mahindra CIE, TCNS Clothing, GMM Pfaudler, Trident, Vodafone, PNB, Yes Bank, Mindtree

Long Term: IRCTC, Tata Power, IEX, Adani,  Tech M, Bajaj Finserv, Infosys, Kotak Mahindra, HDFC

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Top Market News:

1. The country’s largest fast-moving consumer goods (FMCG) company, Hindustan Unilever (HUL), posted a 9 per cent year-on-year (YoY) rise in net profit at Rs 2,187 crore for the July-September quarter (Q2 of FY22). This was marginally lower than the Rs 2,195 crore estimated by Bloomberg. Business Standard
2. Mobility company Ola’s chief financial officer Swayam Saurabh and chief operating officer Gaurav Porwal are leaving the company. These developments come at a time when the SoftBank-backed company’s core ride-hailing unit is planning to go public and for which it raised $500 million from Warburg Pincus and Temasek in July this year. Business Standard
3. After selling its stake in consumer durable firm, Eureka Forbes and in renewable power firm, Sterling and Wilson Solar, the Shapoorji Pallonji group has put its textile unit at Gokak in Karnataka on sale and will be able to meet its target to raise Rs 10,000 crore from asset sales by next March. Business Standard
4. Gold demand in India is likely to face challenges from a declining household savings rate and lower agricultural wages, according to the World Gold Council. Business Standard
5. A new mutation of the Delta variant of COVID-19 is expanding in England and is being monitored and assessed, according to official UK health data reported on Tuesday. AY.4.2, which is being dubbed as “Delta Plus” in some quarters, contains mutations that might give the coronavirus which causes COVID-19 greater survival advantage. Business Standard

Google Trends

• The International Monetary Fund (IMF) has published a stark warning about the potential impact of stablecoins, warning that they could eventually pose a ‘contagion risk’ to the global financial system.
• National teams from eleven countries are planning to gather in Vietnam next May for the Southeast Asian Games.
• Johnson & Johnson wants a bankruptcy judge to immediately halt all lawsuits targeting the company over its talc-based powders in the wake of its controversial decision to put a newly created unit into bankruptcy to deal with the litigation.

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