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BUY BERGERPAINT 577 SL 567 TARGET 587/600

BERGERPAINT REACHED 583.7 BUY GIVEN AT 577

Banks to get 5-year CRR relief for lending to auto, housing, MSMEs


The Reserve Bank of India (RBI) on Monday said banks would not be required to maintain cash reserve ratio (CRR) for five years on their deposits for an amount equivalent to loans given to the MSME (micro, small, and medium enterprises), housing and vehicles sectors between January 31 and July 31.


Banks currently maintain four per cent on their deposits as CRR.


In the monetary policy, however, the RBI said it would allow relaxations on this for loans given to the three productive sectors as they could have “multiplier effects to support growth impulses”.

GAIL Q3 Review
Jefferies-Strong Qtr
LPG A Drag, But Transmission Vols Rise To 8-yr High
Lift FY20 EPS Est By 5%

CS-O-P, TP Rs 171
Strong Q3; Transmission Vol growth Pick-up Can Drive Re-rating
Next catalyst-Reduction In APM Gas Prices By 26% From April 2020

Flows On Feb 10, 2020
FII -185 cr
DII -736 cr

FII in FNO
*Added shorts
*Bought 20 puts for 1 call
*Wrote 4.4k put contracts

Support levels
Yesterday low= 11991
100 DMA at 11891
200 DMA at 11665

Resistance at approx 12150
20 DMA at 12100
50 DMA at 12118

SGX #Nifty +30pts

Infosys to Acquire Simplus, a Leading Salesforce Consulting and Platinum Partner, Total valuation at $250m. The acquisition Accelerates enterprise cloud capabilities and strengthens presence across USA and Australia

Petronet LNG Q3 Review
MS-OW, TP Rs 341
Earnings In-line, EBIDTA & Profits Rise As Capacity Expansion Drove 15% Growth In Regas Vols

Jefferies-Buy, TP Rs 350
In-line Quarter With Solid Vols
Annual Dahej Tariff Hikes Help Drive 15% FY19-22 EPS Growth

NIFTY RESULTS
Coal India

OTHER RESULTS
Siemens, Ircon International, Cochin Shipyard, BEML, Bharat Heavy Electricals , HEG, Heidelberg Cement, Aster DM Healthcare , Astral Poly Technik, BASF India, 3M India, TVS Srichakra, Hexaware

Bharat Forge Q3 Review
MS-EW, TP Rs 401
Given Global Slowdown In CVs, Q3 Expected To Be Weak Slowdown In Oil & Gas Segment Exacerbated Pain
Vals Remains Lofty

Nomura-Neutral, TP Rs 475
Q3 Sharp Miss; Downcycle Playing Out
Recovery Likely From H2FY21

National Aluminium
Weak
Rev down 23.2%, EBITDA down 93.3%, Net loss at Rs 34 cr Chemical rev down 22%, Aluminium rev down 21%
Alumina,Aluminium volumes below estimates while realisations in line
Co had to purchase some power from outside for around 40 days which impacted margins

Petronet LNG (QoQ)
Results in line with estimates
Rev down 4.8%, EBITDA down 4.6%, PAT down 38.8%
PAT impacted by tax reversal last year
Volumes down 7% which is much lower than historical seasonality
Dahej terminal volumes grew 13% YoY and operated at 100% capacity utilization