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Angel Broking Pvt Ltd

Published on 18/09/2020 5:09:16 PM

Below is the Quote on Luping & Cipla Ltd Mr. Yash Gupta - Equity Research Associate, Angel Broking Ltd

“Positive news for Lupin and Cipla - after 6 months of launch of gProAir by Perrigo, company has announced voluntary recall of gProAir (Albuterol Sulfate) in the US. Corrective actions are underway and a definitive timeline for reintroduction has not yet been determined. This announcement of recall of Albuterol by Perrigo comes as a positive for Lupin and Cipla, while cipla launched albuterol in April 2020 and Lupin expected launch albuterol in this month.”

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SEBI Registration number is INH000000164

Angel Broking Pvt Ltd

Published on 18/09/2020 5:08:22 PM

Below is the Quote on Sterling and Wilson Solar Ltd By Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd

“Sterling and Wilson Solar Limited, one of the leading solar EPC and O&M players in the world.  Company has signed an order of 106.71 MW worth USD 62.6 million (~Rs462cr) in Chile. The order has been received from a global independent power producer (IPP), work for which is expected to begin in Q4 FY 2021. The company already has a strong presence in the region with one project of 93.3 MW in Argentina and three projects of 588 MW under construction in Chile. This is a positive development for the company which would support revenue growth for FY21.”

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SEBI Registration number is INH000000164

Angel Broking Pvt Ltd

Published on 18/09/2020 3:36:57 PM

Below is the Quote on HCL Technologies Ltd By Mr. Jyoti Roy, DVP- Equity Strategist, Angel Broking Ltd

“HCL Technologies Ltd. and Google Cloud have announced the expansion of their strategic partnership to bring HCL’s Actian portfolio, starting with Actian Avalanche, to Google Cloud. Actian Avalanche is a high-performance hybrid cloud data warehouse and enables a seamless path to migrate legacy data warehouses, including IBM Netezza and Oracle Exadata, to Google Cloud, through a hybrid-cloud offering leveraging Google Cloud’s Anthos application platform. This latest announcement from HCL and Google Cloud builds on the partnership between the two firms as HCL and Google Cloud had earlier announced the launch of HCL’s Google Cloud Ecosystem to accelerate enterprise cloud adoption worldwide in 2019. We continue to maintain our positive outlook on HCL Tech as the announcement reflects the company's leadership position in the cloud migration space. We believe that HCL will be the biggest beneficiary of migration from public cloud to hybrid cloud driven by strong presence in the Infrastructure management business. We maintain our BUY rating on the stock with a revised target price of Rs. 945.”

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SEBI Registration number is INH000000164

Angel Broking Pvt Ltd

Published on 18/09/2020 3:36:11 PM

Below is the Quote on Bata India Ltd By Mr. Amarjeet Maurya- AVP - Mid Caps, Angel Broking Ltd

“Bata India is the largest footwear retailer in India, offering footwear, accessories and bags across brands such as Bata, Hush Puppies, Naturalizer, Power, Marie Claire etc. It retails in more than 1550 Bata own and franchisee stores, on bata.in and in thousands of multi-brand footwear dealer stores pan-India. Bata India announced a Scheme of Amalgamation Bata Properties Limited (BPL) and Coastal Commercial & Exim Limited (CCEL). Bata Properties Limited (BPL) is wholly owned subsidiary of Bata India Limited and Coastal Commercial & Exim Limited (CCEL) is a wholly owned subsidiary of BPL. Upon completion of the said amalgamation, CCEL will cease to be a subsidiary of BPL and in turn of the Company. In our view, it’s just company level adjustment, which has no impact on a company's financial. This development is neutral for Bata.”

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SEBI Registration number is INH000000164

Angel Broking Pvt Ltd

Published on 18/09/2020 3:24:22 PM

Below is the Quote on Relaxo Footwears Ltd By Mr. Amarjeet Maurya- AVP - Mid Caps, Angel Broking Ltd

“Relaxo Footwears (RFL) is India’s leading footwear manufacturing company (non-leather), with largest manufacturing capacity of 7.5 lakh pairs per day. RFL has more than 50,000 MBOs & 385 EBOs across India. Further, the company intends to strengthen its position in the southern and western regions where it has a thin presence. Post Covid-19, we expect RFL to recover fast on the revenue front due to low-ticket size products, strong brand and wide distribution network.”

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Please refer disclaimer at https://trade.angelbroking.com/Downloads/ARQ-Disclaimer-Note.pdf 
SEBI Registration number is INH000000164