Stocks in focus
• SBI: Board to meet on June 21 to consider fund raising plan for FY22. SBI looks to raise additional tier-1 capital through issuance of Basel III compliant debt securities. Funds to be raised through public offer or private placement
•** Wipro**: Partnered with Exaware to develop advanced engineering solutions that foster innovation in the networking industry, streamline 5G technology upgrades, and open the door to future 6G compatibility.
• ISGEC Heavy Engineering: Received an order for the fabrication of above ground piping spools from Tata Projects. The company will manufacture more than 115,000 inch-dia shop fabricated piping spools of high-end metallurgies for a major project in the Hydrocarbon sector.
• Federal Bank: Approved issuance of up to 10.48 crore equity shares to International Finance Corporation, IFC Financial Institutions Growth Fund and IFC Emerging Asia Fund at Rs 87.39 per share aggregating to Rs 916 crore. Further the bank will raise up to Rs 4,000 crore via Rights Issue, QIP, FPO, FCCB, ADR, Global Depository Receipts etc. The bank will also raise up to Rs 8000 crore via issue of debt instruments in domestic and/or overseas market.
• Bharat Heavy Electricals Ltd: Created additional merit-based provisions of Rs 1,800 crore for FY21 after receivables review. The provisioning has been done in case of projects where the collections may have been doubtful. The company took a call to conservatively provide for receivables.
• Punjab & Sind Bank: Lanco Infratech’s account with outstanding dues of Rs 215.17 crore has been declared as fraud and reported to RBI.
• IDFC First Bank: Approved re-appointment of V Vaidyanathan as the MD & CEO for a further period of three years, with effect from December 19, 2021 up to December 18, 2024.
• Shriram City Union Finance: Approved issuance of 1000 secured NCDs of Rs 10 lakh each aggregating to Rs 100 crore on private placement basis.
• Ashiana Housing: Acquired land admeasuring 22.1 acres in sector- 93 in Gurgaon, Haryana. The company will construct a group housing project on the land with potential saleable area of 21 lakh sq ft.
• RITES: Appointed Bibhu Nayak, Director Finance as the Chief Financial Officer with effect from July 1. Nayak to replace Parmod Narang who is superannuating on June 30.
• Nifty Earnings: Power Grid Corporation of India
• Non-Nifty Earnings: Natco Pharma, Tube Investments of India, Indostar Capital Finance, DB Corp, Jammu & Kashmir Bank, HealthCare Global Enterprises, Hindustan Media Ventures, IFB Agro Industries, Kingfa Science & Technology (India), Nava Bharat Ventures, Novartis India, Power Mech Projects
• SBI: Board to meet on June 21 to consider fund raising plan for FY22. SBI looks to raise additional tier-1 capital through issuance of Basel III compliant debt securities. Funds to be raised through public offer or private placement
•** Wipro**: Partnered with Exaware to develop advanced engineering solutions that foster innovation in the networking industry, streamline 5G technology upgrades, and open the door to future 6G compatibility.
• ISGEC Heavy Engineering: Received an order for the fabrication of above ground piping spools from Tata Projects. The company will manufacture more than 115,000 inch-dia shop fabricated piping spools of high-end metallurgies for a major project in the Hydrocarbon sector.
• Federal Bank: Approved issuance of up to 10.48 crore equity shares to International Finance Corporation, IFC Financial Institutions Growth Fund and IFC Emerging Asia Fund at Rs 87.39 per share aggregating to Rs 916 crore. Further the bank will raise up to Rs 4,000 crore via Rights Issue, QIP, FPO, FCCB, ADR, Global Depository Receipts etc. The bank will also raise up to Rs 8000 crore via issue of debt instruments in domestic and/or overseas market.
• Bharat Heavy Electricals Ltd: Created additional merit-based provisions of Rs 1,800 crore for FY21 after receivables review. The provisioning has been done in case of projects where the collections may have been doubtful. The company took a call to conservatively provide for receivables.
• Punjab & Sind Bank: Lanco Infratech’s account with outstanding dues of Rs 215.17 crore has been declared as fraud and reported to RBI.
• IDFC First Bank: Approved re-appointment of V Vaidyanathan as the MD & CEO for a further period of three years, with effect from December 19, 2021 up to December 18, 2024.
• Shriram City Union Finance: Approved issuance of 1000 secured NCDs of Rs 10 lakh each aggregating to Rs 100 crore on private placement basis.
• Ashiana Housing: Acquired land admeasuring 22.1 acres in sector- 93 in Gurgaon, Haryana. The company will construct a group housing project on the land with potential saleable area of 21 lakh sq ft.
• RITES: Appointed Bibhu Nayak, Director Finance as the Chief Financial Officer with effect from July 1. Nayak to replace Parmod Narang who is superannuating on June 30.
• Nifty Earnings: Power Grid Corporation of India
• Non-Nifty Earnings: Natco Pharma, Tube Investments of India, Indostar Capital Finance, DB Corp, Jammu & Kashmir Bank, HealthCare Global Enterprises, Hindustan Media Ventures, IFB Agro Industries, Kingfa Science & Technology (India), Nava Bharat Ventures, Novartis India, Power Mech Projects
If you're going to Trade channel - Better keep an eye on these types of Setups.
Many people try to trade the Breakout.
But the real money is in the retest.
Many people try to trade the Breakout.
But the real money is in the retest.
Earnings Post Market Hours
Power Grid Corporation of India Q4FY21 (Consolidated, QoQ)
• Revenue up 4% at Rs 10,510.23 crore Vs Rs 10,142.48 crore
• Net profit up 5% at Rs 3,526.23 crore Vs Rs 3,367.71 crore
• Ebitda up 4% at Rs 9,295.54 crore Vs Rs 8,914.54 crore
• Ebitda margin at 88.4% Vs 87.9%
• Recommended a final dividend of Rs 3 per share
• To issue bonus shares in 1:3 ratio i.e. to give one new equity bonus share of Rs 10 each for every three existing equity shares of Rs 10 each
Tube Investments of India Q4FY21 (Consolidated, QoQ)
• Revenue up 61% at Rs 2,732.82 crore Vs Rs 1,699.99 crore
• Net profit up 34% at Rs 143.84 crore Vs Rs 107.35 crore
• Ebitda up 14% at Rs 263.44 crore Vs Rs 230.56 crore
• Ebitda margin at 9.6% Vs 13.6%
• Recommended a final dividend of Rs 1.50 per share
• To raise Rs 200 crore by way of issue of privately placed secured NCDs
Jammu & Kashmir Bank Q4FY21 (Consolidated)
• NII down 7% at Rs 917.51 crore Vs Rs 987.28 crore (YoY)
• Net profit of Rs 316.74 crore Vs Net loss of Rs 293.82 crore (YoY)
• GNPA at 9.67% Vs 8.71% (QoQ)
• NNPA at 2.95% Vs 2.50% (QoQ)
• Provisions at Rs 28.27 crore Vs Rs 457.61 crore (QoQ)
Natco Pharma Q4FY21 (Consolidated, QoQ)
• Revenue down 7% at Rs 331.30 crore Vs Rs 355.20 crore
• Net profit down 15% at Rs 53 crore Vs Rs 62.70 crore
• Ebitda down 8% at Rs 76.20 crore Vs Rs 82.50 crore
• Ebitda margin at 23% Vs 23.2%
Nava Bharat Ventures Q4FY21 (Consolidated, QoQ)
• Revenue up 4% at Rs 688.66 crore Vs Rs 660.12 crore
• Net profit down 1% at Rs 159.41 crore Vs Rs 161.78 crore
• Ebitda down 5% at Rs 260.22 crore Vs Rs 272.99 crore
• Ebitda margin at 37.8% Vs 41.4%
IFB Agro Industries Q4FY21 (Consolidated, QoQ)
• Revenue up 12% at Rs 549.46 crore Vs Rs 490.02 crore
• Net profit down 15% at Rs 14.45 crore Vs Rs 16.96 crore
• Ebitda down 16% at Rs 17.06 crore Vs Rs 20.40 crore
• Ebitda margin at 3.1% Vs 4.2%
Novartis India Q4FY21 (QoQ)
• Revenue up 6% at Rs 99.20 crore Vs Rs 93.70 crore
• Net profit of Rs 9.70 crore Vs Net loss of Rs 7.10 crore
• Ebitda at Rs 15.20 crore Vs Ebitda loss of Rs 3 crore
• Recommended final dividend of Rs 10 per share
Stocks in focus
• Coal India: Considering a price increase amid rising costs and increasing capital expenses, said Chairman Pramod Agrawal during an analyst call. The company has planned Rs 170 billion capex for fiscal year that started April versus about Rs 130 billion in the prior year. May cut its shipment target of 740 million tonnes and production goal of 670 MT set for FY22. Net staff count reducing 13,000-14,000 every year and it’s likely to fall at a faster rate in the coming years, Agrawal said.
• SBI Cards and Payment Services: Shareholder CA Rover Holdings is offering up to 48 million shares at a price range of Rs 1,002 to Rs 1,041.30 in an accelerated bookbuild, according to terms seen by Bloomberg. The price range is at a discount of 1% to 4.7% to Thursday’s closing.
• Adani Transmission: Incorporated a wholly-owned subsidiary called ATL HVDC for transmission, distribution and supply of power and other infrastructure services.
• Gati: Approved allotment of 10.23 lakh equity shares on preferential basis at Rs 97.75 per share aggregating up to Rs 10 crore. The company also approved allotment of 71.61 lakh equity warrants at Rs 97.75 per warrant aggregating up to Rs 69.99 crore. The warrant holders will be able to apply for and be allotted one share of face value of Rs 2 each for each warrant within a period of 18 months from the date of allotment.
• DCM Shriram: Completed liquidation of Shriram Bioseed (Thailand), a step-down subsidiary of the company.
• NLC India: Allotted 10,000 Commercial Papers of face value of Rs 5 lakh each aggregating to Rs 500 crore on June 17.
• lndoStar Capital Finance: To issue NCDs worth Rs 5,000 crore on private placement basis in FY22.
Power Grid Corporation of India Q4FY21 (Consolidated, QoQ)
• Revenue up 4% at Rs 10,510.23 crore Vs Rs 10,142.48 crore
• Net profit up 5% at Rs 3,526.23 crore Vs Rs 3,367.71 crore
• Ebitda up 4% at Rs 9,295.54 crore Vs Rs 8,914.54 crore
• Ebitda margin at 88.4% Vs 87.9%
• Recommended a final dividend of Rs 3 per share
• To issue bonus shares in 1:3 ratio i.e. to give one new equity bonus share of Rs 10 each for every three existing equity shares of Rs 10 each
Tube Investments of India Q4FY21 (Consolidated, QoQ)
• Revenue up 61% at Rs 2,732.82 crore Vs Rs 1,699.99 crore
• Net profit up 34% at Rs 143.84 crore Vs Rs 107.35 crore
• Ebitda up 14% at Rs 263.44 crore Vs Rs 230.56 crore
• Ebitda margin at 9.6% Vs 13.6%
• Recommended a final dividend of Rs 1.50 per share
• To raise Rs 200 crore by way of issue of privately placed secured NCDs
Jammu & Kashmir Bank Q4FY21 (Consolidated)
• NII down 7% at Rs 917.51 crore Vs Rs 987.28 crore (YoY)
• Net profit of Rs 316.74 crore Vs Net loss of Rs 293.82 crore (YoY)
• GNPA at 9.67% Vs 8.71% (QoQ)
• NNPA at 2.95% Vs 2.50% (QoQ)
• Provisions at Rs 28.27 crore Vs Rs 457.61 crore (QoQ)
Natco Pharma Q4FY21 (Consolidated, QoQ)
• Revenue down 7% at Rs 331.30 crore Vs Rs 355.20 crore
• Net profit down 15% at Rs 53 crore Vs Rs 62.70 crore
• Ebitda down 8% at Rs 76.20 crore Vs Rs 82.50 crore
• Ebitda margin at 23% Vs 23.2%
Nava Bharat Ventures Q4FY21 (Consolidated, QoQ)
• Revenue up 4% at Rs 688.66 crore Vs Rs 660.12 crore
• Net profit down 1% at Rs 159.41 crore Vs Rs 161.78 crore
• Ebitda down 5% at Rs 260.22 crore Vs Rs 272.99 crore
• Ebitda margin at 37.8% Vs 41.4%
IFB Agro Industries Q4FY21 (Consolidated, QoQ)
• Revenue up 12% at Rs 549.46 crore Vs Rs 490.02 crore
• Net profit down 15% at Rs 14.45 crore Vs Rs 16.96 crore
• Ebitda down 16% at Rs 17.06 crore Vs Rs 20.40 crore
• Ebitda margin at 3.1% Vs 4.2%
Novartis India Q4FY21 (QoQ)
• Revenue up 6% at Rs 99.20 crore Vs Rs 93.70 crore
• Net profit of Rs 9.70 crore Vs Net loss of Rs 7.10 crore
• Ebitda at Rs 15.20 crore Vs Ebitda loss of Rs 3 crore
• Recommended final dividend of Rs 10 per share
Stocks in focus
• Coal India: Considering a price increase amid rising costs and increasing capital expenses, said Chairman Pramod Agrawal during an analyst call. The company has planned Rs 170 billion capex for fiscal year that started April versus about Rs 130 billion in the prior year. May cut its shipment target of 740 million tonnes and production goal of 670 MT set for FY22. Net staff count reducing 13,000-14,000 every year and it’s likely to fall at a faster rate in the coming years, Agrawal said.
• SBI Cards and Payment Services: Shareholder CA Rover Holdings is offering up to 48 million shares at a price range of Rs 1,002 to Rs 1,041.30 in an accelerated bookbuild, according to terms seen by Bloomberg. The price range is at a discount of 1% to 4.7% to Thursday’s closing.
• Adani Transmission: Incorporated a wholly-owned subsidiary called ATL HVDC for transmission, distribution and supply of power and other infrastructure services.
• Gati: Approved allotment of 10.23 lakh equity shares on preferential basis at Rs 97.75 per share aggregating up to Rs 10 crore. The company also approved allotment of 71.61 lakh equity warrants at Rs 97.75 per warrant aggregating up to Rs 69.99 crore. The warrant holders will be able to apply for and be allotted one share of face value of Rs 2 each for each warrant within a period of 18 months from the date of allotment.
• DCM Shriram: Completed liquidation of Shriram Bioseed (Thailand), a step-down subsidiary of the company.
• NLC India: Allotted 10,000 Commercial Papers of face value of Rs 5 lakh each aggregating to Rs 500 crore on June 17.
• lndoStar Capital Finance: To issue NCDs worth Rs 5,000 crore on private placement basis in FY22.
HDFC Bank Ltd board recommends dividend of Rs. 6.50
TIMKEN India Ltd board recommends final dividend of Rs. 1.5
Birla Cable Ltd Board recommends dividend of Rs. 1
TIMKEN India Ltd board recommends final dividend of Rs. 1.5
Birla Cable Ltd Board recommends dividend of Rs. 1
Some Important News...
Zeel - Viacom18 and Zee Entertainment in early merger talks that could create a large media firm with interests spanning broadcast, OTT, live entertainment and movie production. If the deal goes through, the promoters of Viacom18 could become among the largest shareholders of the combined entity as more than 65% of ZEEL is owned by foreign institutional investors.
Reliance Home Finance - (AIIL) emerged as the highest bidder for Reliance Home Finance (RHF), a group company of the debt-ridden Anil Ambani-promoted Reliance Group. The AIIL offered Rs 2,887 Cr for the deal, it said in a regulatory filing on June 20. RHFL will be 2nd NBFC to get resolved outside court after Altico Capital.
Infosys – Company says efforts are on to solve New I-T portal glitches.
PNB Housing Finance – Company defends Carlyle Group deal after Sebi halts move. The Securities and Exchange Board of India (Sebi) has asked PNB Housing Finance (PNB HFC) to keep on hold the proposal to seek the shareholders’ nod for a preferential allotment of equity until an independent valuation of shares was done.
Zeel - Viacom18 and Zee Entertainment in early merger talks that could create a large media firm with interests spanning broadcast, OTT, live entertainment and movie production. If the deal goes through, the promoters of Viacom18 could become among the largest shareholders of the combined entity as more than 65% of ZEEL is owned by foreign institutional investors.
Reliance Home Finance - (AIIL) emerged as the highest bidder for Reliance Home Finance (RHF), a group company of the debt-ridden Anil Ambani-promoted Reliance Group. The AIIL offered Rs 2,887 Cr for the deal, it said in a regulatory filing on June 20. RHFL will be 2nd NBFC to get resolved outside court after Altico Capital.
Infosys – Company says efforts are on to solve New I-T portal glitches.
PNB Housing Finance – Company defends Carlyle Group deal after Sebi halts move. The Securities and Exchange Board of India (Sebi) has asked PNB Housing Finance (PNB HFC) to keep on hold the proposal to seek the shareholders’ nod for a preferential allotment of equity until an independent valuation of shares was done.
👉Morning Updates...
SEBI reconstructs takeover Panel, appoints Deloitte Indias MD n Venkatram as new member.
Bankruptcyy resolution plan takes average 400 days against intended 180-270 days: IBBI chief MS Sahoo
Gold price today at Rs 46220 per 10 gm, silver trending at Rs 67600 a kg
India has tripled its renewable energy capacity to 96GW in the past 5 years while its solar energy capacity has gone up about 15.5 times.
👉Corporate News
Trent Ltd – Consumer demand may rebound strongly in Q2 – Chairmen Noel N Tata.
PNB Housing – SEBI directs PNB Housing to temporarily hault its share sale progeamme.
Cadela Healthcare – Company likely to seek EUA for COVID vaccine next week.
Vodafone Idea – Moodys changes outlook on cos ratings to Stable, affirms ratings to BAA2.
👉 Sector in Focus – Real-estate, IT, Banks
👉 Key Results today:
21 June, 2021: Info Edge, Oil India, Renuka sugars.
👉 Key Results highlights: 18 June, 2021
NTPC
Company reported PAT of 4479Cr up 258% from 1252Cr in Q4FY20
Revenue was down 2.5% from 27247Cr to 26567Cr
Net profit for FY21 14969Cr against 11192Cr in FY21.
For FY21 Company reported highest ever power generation at 77.63Bn units
Board recommended dividend of Rs 3.15/Share.
Jubilant Industries (Negative Outlook)
Company reported PAT of 213.90Cr down 17.89% from 260.49Cr in Q4FY20
Revenue from operations was marginally up by 0.04% from 1585.84Cr to 1586.47Cr.
On yearly basis PAT was down 6.94% from 898.24Cr to 835.87Cr.
Companys Specialty Pharma segment was impacted due to COVID.
SMS Lifescience
Company reported superb 221.66% rise in PAT from 1.57Cr to 5.05Cr in Q4FY21
Re3venue from operations was up 78.83% from 46.85Cr to 83.78Cr.
On yearly basis company reported 33.1% rise in PAT from 10.18Cr to 13.55Cr in FY21
Board recommended dividend of Rs 1.5/Share.
SEBI reconstructs takeover Panel, appoints Deloitte Indias MD n Venkatram as new member.
Bankruptcyy resolution plan takes average 400 days against intended 180-270 days: IBBI chief MS Sahoo
Gold price today at Rs 46220 per 10 gm, silver trending at Rs 67600 a kg
India has tripled its renewable energy capacity to 96GW in the past 5 years while its solar energy capacity has gone up about 15.5 times.
👉Corporate News
Trent Ltd – Consumer demand may rebound strongly in Q2 – Chairmen Noel N Tata.
PNB Housing – SEBI directs PNB Housing to temporarily hault its share sale progeamme.
Cadela Healthcare – Company likely to seek EUA for COVID vaccine next week.
Vodafone Idea – Moodys changes outlook on cos ratings to Stable, affirms ratings to BAA2.
👉 Sector in Focus – Real-estate, IT, Banks
👉 Key Results today:
21 June, 2021: Info Edge, Oil India, Renuka sugars.
👉 Key Results highlights: 18 June, 2021
NTPC
Company reported PAT of 4479Cr up 258% from 1252Cr in Q4FY20
Revenue was down 2.5% from 27247Cr to 26567Cr
Net profit for FY21 14969Cr against 11192Cr in FY21.
For FY21 Company reported highest ever power generation at 77.63Bn units
Board recommended dividend of Rs 3.15/Share.
Jubilant Industries (Negative Outlook)
Company reported PAT of 213.90Cr down 17.89% from 260.49Cr in Q4FY20
Revenue from operations was marginally up by 0.04% from 1585.84Cr to 1586.47Cr.
On yearly basis PAT was down 6.94% from 898.24Cr to 835.87Cr.
Companys Specialty Pharma segment was impacted due to COVID.
SMS Lifescience
Company reported superb 221.66% rise in PAT from 1.57Cr to 5.05Cr in Q4FY21
Re3venue from operations was up 78.83% from 46.85Cr to 83.78Cr.
On yearly basis company reported 33.1% rise in PAT from 10.18Cr to 13.55Cr in FY21
Board recommended dividend of Rs 1.5/Share.
Top 4 Fund Houses in India (FY20)
🏤 SBI MF - 5.04L Cr
🏤 HDFC MF - 4.16L Cr
🏤 ICICI Pru 4.05L Cr
🏤 Birla Sun Life - 2.69L Cr
🏤 SBI MF - 5.04L Cr
🏤 HDFC MF - 4.16L Cr
🏤 ICICI Pru 4.05L Cr
🏤 Birla Sun Life - 2.69L Cr
Dividend Updates
👉🏻Kamdhenu Rs. 0.80
👉🏻HBL Power Rs. 0.35
👉🏻Bharat Dynamics Rs. 0.65
👉🏻Reliance Chemotex Industries Rs. 2
👉🏻Samkrg Pistons and Rings Rs. 5
👉🏻National Fittings Rs. 1
👉🏻GPT Infraprojects Rs. 1
👉🏻Oil India Rs. 1.50
👉🏻Atishay Rs. 0.70
👉🏻Vivid Global Rs. 0.20
👉🏻Talbros Engineering Rs. 1.50
👉🏻S P Apparels Rs. 2.25
👉🏻V S T Tillers Tractors Rs. 20
👉🏻IP Rings Rs. 1.50
👉🏻M M Forgings Rs. 5
👉🏻Pokarna Rs. 0.60
👉🏻Golkunda Diamonds & Jewellery Rs. 1.20
👉🏻Metroglobal Rs. 2
👉🏻Kamdhenu Rs. 0.80
👉🏻HBL Power Rs. 0.35
👉🏻Bharat Dynamics Rs. 0.65
👉🏻Reliance Chemotex Industries Rs. 2
👉🏻Samkrg Pistons and Rings Rs. 5
👉🏻National Fittings Rs. 1
👉🏻GPT Infraprojects Rs. 1
👉🏻Oil India Rs. 1.50
👉🏻Atishay Rs. 0.70
👉🏻Vivid Global Rs. 0.20
👉🏻Talbros Engineering Rs. 1.50
👉🏻S P Apparels Rs. 2.25
👉🏻V S T Tillers Tractors Rs. 20
👉🏻IP Rings Rs. 1.50
👉🏻M M Forgings Rs. 5
👉🏻Pokarna Rs. 0.60
👉🏻Golkunda Diamonds & Jewellery Rs. 1.20
👉🏻Metroglobal Rs. 2