#AIstock #BigDataStock #MachineLearningStock #FuturisticStock

The public offering of merchant platform company Pine Labs may be sooner than expected. The company has passed a resolution to convert its Singapore-based holding entity from private to public, regulatory filings show.

With this, the company has been renamed from Pine labs Pte to Pine Labs Limited, indicating that the company’s IPO preparation has started to gather momentum. 

According to Entrackr sources, the company is likely to list in the US in the next 10-12 months. While the company hasn’t said anything about the size of the issue and valuation, a TOI report estimates that Pine Labs would eye a $5 billion valuation in the potential IPO.

The interesting part is that the company is looking to list in US markets.

Last year, Indian government has changed the rules to allow Indian companies to list overseas without even listing on NSE or BSE...

Generally, tech companies get higher valuation in US or Singapore markets as compared to Indian markets. So, company prefers to lis in these markets....

this is paper by Satoshi Nakomoto (bitcoin inventor). Its quite technical, but you can get insight of his vision of Bitcoin.

If Fed increase the interest rates in US, bond market will attract money and emerging markets such as India will see funds outflow from equity.

Fund outflow means, foreign investors will sell rupee and buy dollars. This will depreciates rupee against dollar.

Moreover, as price of crude oil is rising, which is India's Largest imported item, will increase the demand of dollar. So, again rupee will depreciates..

So, coming months would be crucial for the Indian equity market.

Positive News 👍🏼


1. SURYA ROSHNI:
Co. Says witnessing Healthy Order Book of about Rs1000 Cr In Hand For API coated Pipes

Co. to Participate In PLI Scheme under to Make ' Component Of LED Lights'

2. Mr Bectors To Start Biz In UAE , incorporated New Subisdiary Mr BECTORS FOOD INTERNATIONAL

3. ALLCARGO LOGISTICS : Co. Says not able to proceed with delisting proposal, Equity Shares of co. Continue to be listed on Stock Exchange

4. Centre pushes Railways to reform, merge
i. RVNL & Ircon
ii. Rail Tel & IRCTC

5. 3M India approves merger of unit Electro & Comm with itself

6. RUCHI SOYA : 29.25 Crores Pledged Shares Released (98.87%)

Now No pledge remains

7. BAJAJ HOLDING : Bajaj Holdings to pay interim dividend of Rs 90/share , Record Date 29 Sept.

8. KEC INTERNATIONAL: CO. Acquires 100 % Stake in Ahmedabad Based EPC Co. SPUR INFRA Engaged in setting up of cross country oil & Gas Pipeline And City Gas Distribution network at Enterprise Value of ₹ 62 Cr




1. Swiggy and Zomato to pay 5% GST to Centre, says FM Nirmala Sitharaman

2. TVS MOTORS : Ola's EV foray to hit TVS Motor the most, says Credit Suisse

https://www.business-standard.com/article/companies/with-india-s-foot-on-ev-pedal-tata-tech-expects-35-biz-recharge-121091900669_1.html

tata technologies is an Unlisted company and its shares are avilable in the Unlisted segment (Grey Market).

US stocks correcting now under speculations regarding Intrest rates of major central banks including Federal &ECB

a very promising company.....

MTAR Technologies was established in 1970, it is in the business of manufacturing various machine equipment, assemblies, sub-assemblies, and spare parts for energy, nuclear, space, aerospace, defence and other engineering industries.

KEY POINTS
Nuclear Segment (26% of revenues): In this segment, Co. Manufactures complex components and assemblies such as Fuel Machining Head, Drive Mechanisms, Bridge & Column, etc. for nuclear reactors. It also provides customized Ball Screws and Water Lubricated Bearings that are import substitutes and used in various assemblies.

Space & Defence (21% of revenues): Co. manufactures complex components and assemblies such has Liquid Propulsion Rocket Engines, Cryogenic Engines, etc. among others for clients

Clean Energy (50% of revenues): Co. Manufactures power units, specifically hot boxes and supplied prototypes hydrogen boxes and electrolysers.

Geographical Split
During FY21, domestic sales accounted for ~45% of revenues and exports accounted for the rest ~55% of revenues.

Order Book
As of 31st March 21, The company has an order Book of Rs. 416 Crores. The order book is divided into :-
Space & Defence: 36%
Clean Energy: 35%
Nuclear: 29%

Some Notable Projects
1) Supplied engine for the PSLV-C25, which launched the Mars Orbiter Mission Spacecraft
2) Integral for the GSLV Mark III engine for the Chandrayaan II mission
3) Undertakes complex assemblies such as the base shroud assembly for Agni missiles[5]

Clients
Large MNCs: Bloom Energy, Elbit, Rafael, etc
Government Departments: ISRO, Defence Research and Development Organisation, Indira Gandhi Centre for Atomic Research, etc
Indian Companies: HAL, BHEL, Bharat Dynamics, etc
Co. has Added 3 new MNC Customers during FY21: Andritz, Kongsberg & Tata Advanced Systems

Revenue Concentration Risk
As of December 31, 2020, the company caters to 39 customers, but Revenue from Top 3 Clients contribute to roughly 80% of the Revenue (Bloom energy - 49%, Nuclear Power Corporation of India Limited - 23%, ISRO - 7%)
The Co. has been supplying to several of its clients for decades.
Bloom Energy - 50% revenue Contributor Client: Bloom Energy is a US based co. which makes clean, reliable and affordable energy for everyone on earth. Bloom Energy is the largest player contributing to segmental revenue (fuel cell products) of MTAR. MTAR is one of the key suppliers to Bloom Energy and sole supplier from the Indian market as of FY20.

Manufacturing Facility
The company have 7 manufacturing units including an Export Oriented Unit (EOU). Plants located in proximity to major defence organizations.

Expansion
1) Building a specialized fabrication facility at Adibatla, Hyderabad to take up high end fabrication jobs that shall enhance the existing capabilities. The facility is expected to be functional by H2 FY22.
2) Diversified into high precision sheet metal work. Establishing a sheet metal facility at Adibatla, Hyderabad. The co. will be initially catering to ISRO and Bloom Energy. The facility is expected to be functional by H2 FY22.

HDFC Bank Ltd, India’s largest private sector bank by assets, and HDFC Securities Ltd have invested $1 million in Borderless Softtech Pvt. Ltd., a subsidiary of US-based Borderless Investing Inc., which runs Stockal, a global investment platform, as part of the latter's Pre-Series A funding

Result Date
08-Oct-21 TCS
13-Oct-21 INFY
13-Oct-21 WIPRO
14-Oct-21 HCLTECH
16-Oct-21 HDFCBANK
18-Oct-21 LTI
18-Oct-21 ULTRACEMCO
19-Oct-21 ICICIPRULI
19-Oct-21 LTTS
19-Oct-21 NAVINFLUOR
19-Oct-21 NESTLEIND
21-Oct-21 JSWSTEEL
21-Oct-21 MPHASIS
22-Oct-21 HDFCLIFE
23-Oct-21 ICICIBANK
25-Oct-21 HDFCAMC
25-Oct-21 RAMCOCEM
26-Oct-21 AXISBANK
26-Oct-21 BAJFINANCE
26-Oct-21 CIPLA
26-Oct-21 NAM-INDIA
26-Oct-21 PERSISTENT
27-Oct-21 BAJAJ-AUTO
28-Oct-21 BAJAJFINSV
28-Oct-21 M&MFIN
29-Oct-21 CHOLAFIN
29-Oct-21 DRREDDY
30-Oct-21 IDFCFIRSTB
02-Nov-21 DABUR
09-Nov-21 BOSCHLTD
12-Nov-21 AMARAJABA


Get ready with your scrips...

Nestle is at a good entry point. It is a consistent compounder stock. Although the price per unit is a bit high but it has delivered strongly in the past