Excellent move and good Price Action Setup, Breakout from Resistance
Stocks to focus.
Firstsource: Released its annual report. The company ended FY21 with revenue from operations up 24% to Rs 5,078 crore. Operating margins hit 11.8 and profit after tax was Rs 361.7 crore. Chairman Sanjiv Goenka said FY2021 has created a “solid foundation” for sustained progress and the forecast for the coming year includes significant recovery in the healthcare business as well as sustained growth in banking and the communications, media and tech sector.
Bandhan Bank: Advances rise 8% YoY to Rs 80,130 crore as of June 30, total deposits rise 28% YoY at Rs 77,340 crore
Indian Oil Corp.: Paradip Refinery hit by glitches, partial shutdown planned
Tata Motors: To consider Rs 500 crore bond issue on July 20
Pidilite: Appointed Sudhanshu Vats as Deputy Managing Director.
Reliance Industries, Justdial: Clarified that it won’t comment on Justdial acquisition reports. “The company evaluates various opportunities on an ongoing basis,” RIL said.
Xelpmoc Design and Tech: Issued 7.2 lakh shares for a sum of Rs 27 crores to Newport Asia Advisors Fund, Newport Asia Growth & Income Fund, Newport Asia Institutional Fund and Newport Asia Partners Fund
NMDC: Proposed to offer up to 89 lakh shares to the eligible employees of the company at a price Rs 165.50 per share in an offer for sale from July 16 to July 18.
BEML: Incorporated a wholly-owned subsidiary named BEML Land Assets Limited based on the concurrence given by the Ministry of Defence, Department of Investment and Public Asset Management and NITI Aayog for demerger of surplus land and assets of the company as part of strategic disinvestment process undertaken by the government.
Havells India: CARE Ratings has reaffirmed AAA rating to the company’s long-term bank facilities. It has reaffirmed the A1+ rating to its short-term bank facilities and commercial paper.
Mindspace Business Parks
REIT: Crisil has assigned the following ratings to the bank’s instruments:
• Long term Principal Protected Market Linked Debentures upto Rs 500 crore: AAAr/Stable 2
• Long term Principal Protected Market Linked Debentures upto Rs 375 crore: AAAr/Stable 3
• Non-Convertible Debentures upto Rs 200 crore: AAA/Stable
• Non-Convertible Debentures upto Rs 300 crore: AAA/Stable
• Corporate Credit Rating: AAA/Stable
• Commercial Papers upto Rs. 250 Crores: A1+
Reliance Power: Made preferential allotment of 59.5 crore shares and 73 crore warrants at a value of Rs 10 per share convertible into equivalent number of equity shares to promoter Reliance Infrastructure.
Gati: Transferred its 69.79% equity holding in Gati Kausar to Mandala Capital on July 14, 2021. With this, Gati Kausar has ceased to be the company’s Subsidiary and also the company stands to have reduced its debt at a consolidated level by around Rs 105 crore.
Sona Comstar: Partnered with Israel's IRP Nexus Group, a leading provider of cutting-edge electric powertrain solutions for e-mobility and iCreate (International Centre for Entrepreneurship and Technology) to invent a new powertrain, manufacture it and market it globally.
UPL: Released its annual report. Ended FY21 with revenue up 8% year-on-year at Rs 38,694 crore and profit up 32% at Rs 3,692 crore. Global CEO Jai Shroff said the company’s growth and margins are more satisfying because they were achieved in an environment that had the added challenges of high inflation and currency fluctuations that adversely impacted us. “We have been able to strengthen our Ebitda margin by 130 bps, a reflection of our growing contribution from value-added products and cost synergies arising out of the Arysta acquisition,” he said.
Earnings To Watch: Den Networks, GNA Axles, HDFC Asset Management Company, Justdial, L&T Financial Holdings
Firstsource: Released its annual report. The company ended FY21 with revenue from operations up 24% to Rs 5,078 crore. Operating margins hit 11.8 and profit after tax was Rs 361.7 crore. Chairman Sanjiv Goenka said FY2021 has created a “solid foundation” for sustained progress and the forecast for the coming year includes significant recovery in the healthcare business as well as sustained growth in banking and the communications, media and tech sector.
Bandhan Bank: Advances rise 8% YoY to Rs 80,130 crore as of June 30, total deposits rise 28% YoY at Rs 77,340 crore
Indian Oil Corp.: Paradip Refinery hit by glitches, partial shutdown planned
Tata Motors: To consider Rs 500 crore bond issue on July 20
Pidilite: Appointed Sudhanshu Vats as Deputy Managing Director.
Reliance Industries, Justdial: Clarified that it won’t comment on Justdial acquisition reports. “The company evaluates various opportunities on an ongoing basis,” RIL said.
Xelpmoc Design and Tech: Issued 7.2 lakh shares for a sum of Rs 27 crores to Newport Asia Advisors Fund, Newport Asia Growth & Income Fund, Newport Asia Institutional Fund and Newport Asia Partners Fund
NMDC: Proposed to offer up to 89 lakh shares to the eligible employees of the company at a price Rs 165.50 per share in an offer for sale from July 16 to July 18.
BEML: Incorporated a wholly-owned subsidiary named BEML Land Assets Limited based on the concurrence given by the Ministry of Defence, Department of Investment and Public Asset Management and NITI Aayog for demerger of surplus land and assets of the company as part of strategic disinvestment process undertaken by the government.
Havells India: CARE Ratings has reaffirmed AAA rating to the company’s long-term bank facilities. It has reaffirmed the A1+ rating to its short-term bank facilities and commercial paper.
Mindspace Business Parks
REIT: Crisil has assigned the following ratings to the bank’s instruments:
• Long term Principal Protected Market Linked Debentures upto Rs 500 crore: AAAr/Stable 2
• Long term Principal Protected Market Linked Debentures upto Rs 375 crore: AAAr/Stable 3
• Non-Convertible Debentures upto Rs 200 crore: AAA/Stable
• Non-Convertible Debentures upto Rs 300 crore: AAA/Stable
• Corporate Credit Rating: AAA/Stable
• Commercial Papers upto Rs. 250 Crores: A1+
Reliance Power: Made preferential allotment of 59.5 crore shares and 73 crore warrants at a value of Rs 10 per share convertible into equivalent number of equity shares to promoter Reliance Infrastructure.
Gati: Transferred its 69.79% equity holding in Gati Kausar to Mandala Capital on July 14, 2021. With this, Gati Kausar has ceased to be the company’s Subsidiary and also the company stands to have reduced its debt at a consolidated level by around Rs 105 crore.
Sona Comstar: Partnered with Israel's IRP Nexus Group, a leading provider of cutting-edge electric powertrain solutions for e-mobility and iCreate (International Centre for Entrepreneurship and Technology) to invent a new powertrain, manufacture it and market it globally.
UPL: Released its annual report. Ended FY21 with revenue up 8% year-on-year at Rs 38,694 crore and profit up 32% at Rs 3,692 crore. Global CEO Jai Shroff said the company’s growth and margins are more satisfying because they were achieved in an environment that had the added challenges of high inflation and currency fluctuations that adversely impacted us. “We have been able to strengthen our Ebitda margin by 130 bps, a reflection of our growing contribution from value-added products and cost synergies arising out of the Arysta acquisition,” he said.
Earnings To Watch: Den Networks, GNA Axles, HDFC Asset Management Company, Justdial, L&T Financial Holdings
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Few IPO stocks which have given crazy return in past 4-5 years :-
1. Dixon Tech - 13X
2. DMart - 11X
3. CDSL - 10X
4. Happiest Minds - 9X
5. India Mart - 7X
6. Route Mobile - 6X
7. Affle India - 6X
1. Dixon Tech - 13X
2. DMart - 11X
3. CDSL - 10X
4. Happiest Minds - 9X
5. India Mart - 7X
6. Route Mobile - 6X
7. Affle India - 6X
ITC Has Outperformed The 12 Blue Chip Stocks Over The Last One Year.
~ITC +7.2%
~Hero Moto +7%
~Wabco +6.7%
~HUL +5.7%
~Jubilant Pharm +5.6%
~VST Ind +5.3%
~Astrazeneca +5.1%
~Sanofi +2.4%
~Nestle +0.9%
~Glaxo Phar +1.9%
~Alembic Phar -0.1%
~Biocon -4%
~Britannia -10.7%
~ITC +7.2%
~Hero Moto +7%
~Wabco +6.7%
~HUL +5.7%
~Jubilant Pharm +5.6%
~VST Ind +5.3%
~Astrazeneca +5.1%
~Sanofi +2.4%
~Nestle +0.9%
~Glaxo Phar +1.9%
~Alembic Phar -0.1%
~Biocon -4%
~Britannia -10.7%
Stocks To Focus
• Punjab Chemicals and Crop Protection: Released its annual report. Posted a consolidated revenue growth of 23% year-on-Year to Rs 678.2 crore in FY21. Ebitda also rose 75% at Rs 97.3 crore during the year. Profit after tax for the year stood at Rs 49.1 crore. A dividend of Rs 2 per share for the fiscal was also declared.
• Tata Power, HPCL: The two firms have partnered to provide end-to-end EV charging stations at HPCL’s petrol pumps in multiple cities and major highways across the country.
• Dr Reddy’s/Lupin: Bristol-Myers settles two patent suits on blockbuster Sprycel
• Sintex: Said damage caused due to Cyclone Tauktae at the company’s plant at Lunsapur, Gujarat affected capacity utilization. It added that restoration work is in progress and 50% of capacity utilization has been achieved.
• SMC Global Securities: Released its annual report. Chairman Subhash Chand Aggarwal said the year under review was the “most challenging” for the industries and businesses all over the world. He added that operations of some essential service providers including securities market intermediaries being allowed to operate with limited onsite capacity helped the company continue its operations.
• Kirloskar Group: Kirloskar Oil Engines, Kirloskar Chillers, Kirloskar Pneumatic, Kirloskar Ferrous Industries and Kirloskar Industries have undertaken a refresh, spanning business vision, offerings, technology, brand articulation and employee practices. The “refresh” will span over eight business areas, laying the foundation for plans in the B2C domain whilst continuing to power growth in the B2B companies. This will include large investments over two to three years across all business lines. This also involves infusion of new technologies, apart from new offerings including real estate and NBFC.
• Shree Cement: Released its annual report. The company posted 35.4% growth in revenue and 30.4% growth in Ebitda during the second half of FY21 compared to first half of the year, leading to overall annual revenue growth of 5.7% and Ebitda growth of 11.8% year-on-year. The company also plans to achieve 80 million tonnes per annum capacity by 2030.
• Century Plyboards India: Increased its shareholding in Century Infotech from 60.06% to 99.81% consequent upon acquisition of 19,85,280 shares from other existing shareholders.
• Bank of Maharashtra: The bank closed the offer period of qualified institutional placement. It received Rs 403.7 crore in funds from eligible qualified institutional buyers. The bank had issued shares at a price of Rs 23.7 per share, a 4.78% discount to the floor price of Rs 24.89 it had determined.
• AstraZeneca Pharma India: Released its annual report. The company’s sales fell to Rs 776.8 crore as against last year’s sales of Rs 801.3 crore. The company said performance for the current year was impacted mainly due to loss of exclusivity of Ticagrelor (Ex-Tica Growth of 9.3%). In addition, the global pandemic also led to significant impact on the healthcare industry resulting in drastic reduction in patient footfall in hospitals coupled with postponement of elective procedures by the patients.
• Prism Johnson: India Ratings and Research has assigned A+ (stable) to the company’s long-term issuer rating, NCDs, term loans, fund-based limits. It has assigned an A1+ rating to its non-fund-based working capital limits, unsecured short-term loans and commercial paper programme. It has assigned an AA- rating to its term deposit programme.
• Patel Engineering: Approved the allotment of 1.37 crore equity shares at a price of Rs 14.78 per share to Canara Bank, aggregating to Rs 20.36 crore.
• Matrimony.com: Released its annual report. The company reported a revenue of Rs 377.87 crore during the year, a growth of 1.63% year on year. Ebitda stood at Rs 70.58 crore, an increase of 25.99%. The company’s consolidated net profit was at Rs 40.77 crore, an increase of 38.05%.
• Punjab Chemicals and Crop Protection: Released its annual report. Posted a consolidated revenue growth of 23% year-on-Year to Rs 678.2 crore in FY21. Ebitda also rose 75% at Rs 97.3 crore during the year. Profit after tax for the year stood at Rs 49.1 crore. A dividend of Rs 2 per share for the fiscal was also declared.
• Tata Power, HPCL: The two firms have partnered to provide end-to-end EV charging stations at HPCL’s petrol pumps in multiple cities and major highways across the country.
• Dr Reddy’s/Lupin: Bristol-Myers settles two patent suits on blockbuster Sprycel
• Sintex: Said damage caused due to Cyclone Tauktae at the company’s plant at Lunsapur, Gujarat affected capacity utilization. It added that restoration work is in progress and 50% of capacity utilization has been achieved.
• SMC Global Securities: Released its annual report. Chairman Subhash Chand Aggarwal said the year under review was the “most challenging” for the industries and businesses all over the world. He added that operations of some essential service providers including securities market intermediaries being allowed to operate with limited onsite capacity helped the company continue its operations.
• Kirloskar Group: Kirloskar Oil Engines, Kirloskar Chillers, Kirloskar Pneumatic, Kirloskar Ferrous Industries and Kirloskar Industries have undertaken a refresh, spanning business vision, offerings, technology, brand articulation and employee practices. The “refresh” will span over eight business areas, laying the foundation for plans in the B2C domain whilst continuing to power growth in the B2B companies. This will include large investments over two to three years across all business lines. This also involves infusion of new technologies, apart from new offerings including real estate and NBFC.
• Shree Cement: Released its annual report. The company posted 35.4% growth in revenue and 30.4% growth in Ebitda during the second half of FY21 compared to first half of the year, leading to overall annual revenue growth of 5.7% and Ebitda growth of 11.8% year-on-year. The company also plans to achieve 80 million tonnes per annum capacity by 2030.
• Century Plyboards India: Increased its shareholding in Century Infotech from 60.06% to 99.81% consequent upon acquisition of 19,85,280 shares from other existing shareholders.
• Bank of Maharashtra: The bank closed the offer period of qualified institutional placement. It received Rs 403.7 crore in funds from eligible qualified institutional buyers. The bank had issued shares at a price of Rs 23.7 per share, a 4.78% discount to the floor price of Rs 24.89 it had determined.
• AstraZeneca Pharma India: Released its annual report. The company’s sales fell to Rs 776.8 crore as against last year’s sales of Rs 801.3 crore. The company said performance for the current year was impacted mainly due to loss of exclusivity of Ticagrelor (Ex-Tica Growth of 9.3%). In addition, the global pandemic also led to significant impact on the healthcare industry resulting in drastic reduction in patient footfall in hospitals coupled with postponement of elective procedures by the patients.
• Prism Johnson: India Ratings and Research has assigned A+ (stable) to the company’s long-term issuer rating, NCDs, term loans, fund-based limits. It has assigned an A1+ rating to its non-fund-based working capital limits, unsecured short-term loans and commercial paper programme. It has assigned an AA- rating to its term deposit programme.
• Patel Engineering: Approved the allotment of 1.37 crore equity shares at a price of Rs 14.78 per share to Canara Bank, aggregating to Rs 20.36 crore.
• Matrimony.com: Released its annual report. The company reported a revenue of Rs 377.87 crore during the year, a growth of 1.63% year on year. Ebitda stood at Rs 70.58 crore, an increase of 25.99%. The company’s consolidated net profit was at Rs 40.77 crore, an increase of 38.05%.
Some good stocks to Keep an eye.
NAM INDIA
APLLTD
GLENMARK
MCDOWELL-N
INDUSTOWER
IDEA
NAM INDIA
APLLTD
GLENMARK
MCDOWELL-N
INDUSTOWER
IDEA
Some important news.
📝 NPCI in talks to take UPI, RuPay to global markets
📝 Sericulture farmers see 20% higher prices on the back of ReshaMandi's digital support
📝 ITC Group's earning from foreign exchange in FY'21 up 29%
📝 Reliance's O2C, new energy business may be valued over $100 billion: Report
📝 OPEC+ agrees to boost oil supply from August as prices surge
📝 Gold ETFs attract Rs 1,328 cr in Q1; inflow to continue in coming months
📝 Discoms' outstanding dues to gencos fall 15.25% to Rs 82,305 cr in May
📝 HDFC Sec to enter discount broking to counter Zerodha
📝 Automobile exports recover in Q1 as pandemic situation improves globally
*Business Standard*
📝 LIC's NPAs in debt portfolio reduce, persistency ratio improves in FY21
📝 BSNL narrows consolidated loss to Rs 7,441 crore in FY 2021: Official
📝 Adani group rejigs airport business leadership, names execs for new roles
📝 Oil Ministry authorises new companies to sell auto fuels in the country
📝 Mutual fund industry's AUM pegged to touch Rs 92 trillion by 2030
📝 Zydus Cadila plans to start vaccine trials on children above 5 yrs soon
📝 Gross leasing of office space down 22% across 6 cities in Jan-June
📝 Services export may grow 10% in FY22 due to growth in various sectors: SEPC
📝 FPIs turn cautious, pull out Rs 4,515 cr from Indian equities in July
*Financial Express*
📝 Hotel body seeks Covid support under EPCG and SEIS schemes, GST rationalisation, more in wish list to govt
📝 India Inc’s overseas direct investment in June doubles at USD 2.8 bn
📝 IBA to soon move application to RBI for setting up Rs 6,000-cr bad bank
📝 Alkem looks for partnerships, in-licensing deals to bolster presence in US market
📝 SIDBI sees 3.6% jump in net profit for FY21 amid Covid; gross NPAs decline to 0.18%
📝 India can fulfil 50% coking coal requirement from Russia: JSPL MD
📝 GST to be paid only on margin earned on resale of second-hand jewellery: AAR
📝 Govt ready for healthy, meaningful discussion in Parliament: PM Modi at all-party meet ahead of Monsoon session
*Mint*
📝 Indian steelmakers set to gain as China weighs taxes on exports
📝 Bank credit growth improves, deposit growth declines: RBI
📝 Monsoon rainfall in July 26% deficient so far, says IMD
📝 LVMH-backed fund to buy 60% of Italian fashion label Etro: Report
📝 CESL, WRI to help states develop e-mobility ecosystem
📝 FASTag to help refuel at 3,000 IndianOil retail outlets
📝 Rossari Biotech to buy Tristar Intermediates for ₹120 crore
📝 Tour operators seek more sops from FM to revive the ailing sector
📝 NPCI in talks to take UPI, RuPay to global markets
📝 Sericulture farmers see 20% higher prices on the back of ReshaMandi's digital support
📝 ITC Group's earning from foreign exchange in FY'21 up 29%
📝 Reliance's O2C, new energy business may be valued over $100 billion: Report
📝 OPEC+ agrees to boost oil supply from August as prices surge
📝 Gold ETFs attract Rs 1,328 cr in Q1; inflow to continue in coming months
📝 Discoms' outstanding dues to gencos fall 15.25% to Rs 82,305 cr in May
📝 HDFC Sec to enter discount broking to counter Zerodha
📝 Automobile exports recover in Q1 as pandemic situation improves globally
*Business Standard*
📝 LIC's NPAs in debt portfolio reduce, persistency ratio improves in FY21
📝 BSNL narrows consolidated loss to Rs 7,441 crore in FY 2021: Official
📝 Adani group rejigs airport business leadership, names execs for new roles
📝 Oil Ministry authorises new companies to sell auto fuels in the country
📝 Mutual fund industry's AUM pegged to touch Rs 92 trillion by 2030
📝 Zydus Cadila plans to start vaccine trials on children above 5 yrs soon
📝 Gross leasing of office space down 22% across 6 cities in Jan-June
📝 Services export may grow 10% in FY22 due to growth in various sectors: SEPC
📝 FPIs turn cautious, pull out Rs 4,515 cr from Indian equities in July
*Financial Express*
📝 Hotel body seeks Covid support under EPCG and SEIS schemes, GST rationalisation, more in wish list to govt
📝 India Inc’s overseas direct investment in June doubles at USD 2.8 bn
📝 IBA to soon move application to RBI for setting up Rs 6,000-cr bad bank
📝 Alkem looks for partnerships, in-licensing deals to bolster presence in US market
📝 SIDBI sees 3.6% jump in net profit for FY21 amid Covid; gross NPAs decline to 0.18%
📝 India can fulfil 50% coking coal requirement from Russia: JSPL MD
📝 GST to be paid only on margin earned on resale of second-hand jewellery: AAR
📝 Govt ready for healthy, meaningful discussion in Parliament: PM Modi at all-party meet ahead of Monsoon session
*Mint*
📝 Indian steelmakers set to gain as China weighs taxes on exports
📝 Bank credit growth improves, deposit growth declines: RBI
📝 Monsoon rainfall in July 26% deficient so far, says IMD
📝 LVMH-backed fund to buy 60% of Italian fashion label Etro: Report
📝 CESL, WRI to help states develop e-mobility ecosystem
📝 FASTag to help refuel at 3,000 IndianOil retail outlets
📝 Rossari Biotech to buy Tristar Intermediates for ₹120 crore
📝 Tour operators seek more sops from FM to revive the ailing sector
ICICI SECURITIES
Sales:1.10% ⬆️QoQ & 36.80% ⬆️YoY
Profit:⬇️ 5.67% QoQ and ⬆️ 60% YoY
margin:41.5% vs 44.55%
Sales:1.10% ⬆️QoQ & 36.80% ⬆️YoY
Profit:⬇️ 5.67% QoQ and ⬆️ 60% YoY
margin:41.5% vs 44.55%