We expect the company's operating margin to improve going forward as the recent extraction of iron ore is expected to bring down costs since iron ore is a major raw material in the steel producing process.

On November 1, 2019, the USFDA issued an update containing the latest information of Ranitidine. Concluding from the results provided by the USFDA, Strides Pharma’s Ranitidine Tablets 300 mg (Rx) are within acceptable limits for NDMA of 96 nanograms per day or 0.32 ppm.

Inox Wind has received an order from ReNew Power Ltd under the SECI - 2 regime for 38MW wind power project to be developed at Anjar in Gujarat. Reacting to this news, the stock of the company gained by 4.19 per cent in today's morning trading session.

KEC International informed the bourses that it has secured orders worth Rs1,806 crore. The company’s won these orders under Railways, Transmission & distribution, and Civil & cables verticals.

Under Agri machinery products, the volume stood at 19750 units down by 6.1 per cent yoy. Overall lower volumes and unfavourable product mix led to margin deterioration.

In the short term, 11,700-11,720 is a very crucial support level for the index. On the flip side, a follow-through strength above the prior week high of 11,945 would lead to an acceleration of upward momentum towards the level of 12,103 in the short term. Stocks in news: Edelweiss Financial Services, Reliance Capital, Coal India, Ashok Leyland, Alkem Laboratories, Vodafone Idea, InterGlobe Aviation, Seamec.

The last week was a fabulous one for the bulls as the key benchmark indices closed in positive terrain on all trading sessions of the week. The bulls like to carry the positive baton from last trading week and the Indian markets are set to start the week on a positive note on the back of a strong close on Wall Street in Friday’s trade and also, cheerful cues from Asian peers are helping the cause.

The stocks to watch out on November 4 include Kansai Nerolac, NCC, Tata Power, IndiGo, and Tata Motors.

The following stocks will be in focus during Monday’s trading session in light of their results announcements: Escorts, Unichem Laboratories, Advanced Enzyme Technologies, Relaxo Footwears and BEML.

Along with robust volumes, the stock of Ipca Laboratories Limited has given a downward sloping trendline breakout on the daily time frame. Additionally, the stock had formed an opening bullish Marubozu candle on the breakout day, which added strength to the breakout.