Jubiliant Ingrevia into speciality chemicals and life sciences chemicals was recently demerged from Jubiliant Lifesciences. It is a value buy around Rs.270 and can easily appreciate 50% from current levels. Compared to its nearest competitor; recently listed Laxmi Chemicals, the stock trades at nearly half the valuation.

Jubiliant Industries plans restructuring its agro and consumer division. Its consumer brand ‘Jivanjor’ adhesive competes with the likes of Fevicol. The stock can get rerated from the current levels and can easily double hereon.

Hemisphere Properties recently raised Rs.700 cr. to pay the stamp duty of its Delhi land bought from GoI. The stock is a goldmine and trades cheap at a market cap of just Rs.4000 cr. Buy for multi-bagger gains.
bs

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

This Telangana-based Government Company has a Monopoly in Supplying Ultra High Strength ‘METAL’ to ISRO for Building Rockets & Satellites. Check out http://wolfofdalalstreet.com/2021/04/01/this-telangana-based-government-company-has-a-monopoly-in-supplying-ultra-high-strength-metal-to-isro-for-building-rockets-satellites/

This Largest Indian Registrar & Transfer Agent of Mutual Funds Eyeing Double Digit Revenue & Profit Growth is a Unique Play On Structurally Growing Indian MF Industry. Check out http://wolfofdalalstreet.com/2021/04/02/this-largest-indian-registrar-transfer-agent-of-mutual-funds-eyeing-double-digit-revenue-profit-growth-is-a-unique-play-on-structurally-growing-indian-mf-industry/

🎯 Two must-join Telegram channels.

📢 If stock markets excite you, install Telegram app on your mobile/desktop and join our two Telegram Channels


➡️https://t.me/marketswizard

☝️ Learning and earning group

➡️https://t.me/BooksMakeIndiaRead

☝️ Knowledge Enhancement Group

✍️✍️✍️✍️✍️

*JSW Steel increased HRC prices by Rs 4,000/t for April delivery*

JSW Steel lifts HRC-CRC prices by a steep Rs 4,000-4,500/t for April 2021 delivery. The current HRC prices now stands at Rs 57,500-58,000/t and CRC price now stands at Rs 68,500 -69,000/t.

*Maintain Buy on JSW Steel*
Expect the others to follow the suit.

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*Sail update*
SAIL recorded its best ever quarterly performance in both production and sales at 4.55 mnt as against 4.35mnt yoy and 4.27 mn t compared to 3.27mnt last year respectively in Q4 FY'21

The production and sales have improved by 4% and 3% respectively on quarterly basis

sail has been able to reduce the debt to Rs 35,330cr which is 31% lower yoy and less as compared to Rs 44,308cr in Q3FY21.

*View*
SAIL is poised for a structural improvement in operating performance, will also be aided by the improved and robust domestic fundamentals: “steel prices and increasing demand”. With significance capex behind, volume growth and EBITDA/Tonne improvement debt reduction is possible for SAIL.

Maintain buy on SAIL by valuing it at 5.5x EV/EBITDA with a target price of Rs 102/share

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*NA Class 8 Truck Orders March 2021 Sales - Improved*
(Nirmal Bang Retail Research)
US Class 8 Truck Orders came at 40000 vs YoY 7800 units (413%) and MoM 43800 units (-9%). MoM decline is in line with historical seasonal trend.

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

ETWealth-20210405-11.pdf

*GHCL* - BUY
TP: ₹ 300 (pre Demerger)
Proven track record, better future prospects, very attractive valuation

Superb Q3 FY21
PBT - 150cr (+41% QoQ, +26% YoY)
PAT - 111cr (+41% QoQ, +9% YoY)

Soda Ash: Most efficient producer of Soda Ash, this division now operating at
95% Capacity utilisation - Demand pick up in key end user industries
Detergent industry continues to be least impacted by the pandemic.
Flat glass has almost recovered to pre-CoVID levels.

Home Textile:
Both spinning and home textiles have shown resilient performance driven by positive demand landscape.
Better pricing trends helping both the sub segments of Textiles. Focus on moving to value-added side of spinning to limit commodity price pressures
Reported EBITDA margin of 20.1%, which is highest ever margins in this business. Post Covid, Home Textile division is doing exceedingly well with best ever realisation and full order book

Update on Demerger
The Board approved a scheme of demerger where Textiles business of GHCL will be demerged into a separate Company
Shareholders of GHCL will be allotted shares in the new company in the swap ratio of 1:1, one share of Rs. 2 each for every share of Rs. 10 held in the GHCL
The Textile operations at GHCL is an integrated set up commencing from spinning of yarn to weaving, dyeing, printing and processing till the finished products like sheets & duvets take shape and are primarily exported worldwide

Company Profile
--GHCL is now the one of the largest manufacturer of Soda Ash in India at a single location, with 25% market share
--11 Lac MT Soda Ash Capacity
--45 MN MT Textile Processing Capacity
--1.85 Lac Spindle Capacity, 3320 Rotors, 5760 TFO Drums, 5 Air Jet Spinning Machines
--95% Capacity utilisation
--60,000 MT capacity for manufacturing Sodium Bicarbonate
--GHCL is the only company in India to have its own lignite mines
--The company has its own limestone reserve, which is located at a distance of 40 kms from the plant. https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Brokers naturally recommend largecaps like Tata Steel JSW. However, Denofwealth is confident that SARDA ENERGY (TP:₹600)should give much higher appreciation. 120 MW Hydel power plant to commence power generation anyday.

https://m.economictimes.com/markets/stocks/news/steel-stocks-rally-has-more-steam-left-says-clsa/articleshow/81756078.cms

*💰 PRECOT - ONLY AT NSE CMP 110💰*
Tdg @ 3.5xFY22EEPS and 0.40xBook TP~ Rs 250
🎯 _*Stock tdg @ 120 cr mcap Vs FY22E Ebidta of 120 Cr.*_

*📚BV: ₹253*

*💰Capacity: 195,000 spindles* Decent size (₹650-700cr annual turnover)

🏮Apart from cotton yarn, company into *TECHNICAL TEXTILES.* This TTD division mainly serves healthcare and hygiene sector which are witnessing strong growth🚀

*🎐IMPROVED PERFORMANCE✈️*

🚀Q2FY21 EBITDA ₹21cr v/s ₹4cr QoQ, ₹8cr YoY
🚀Q2FY21 Profit ₹5.6cr v/s (₹11cr) loss QoQ, (₹12cr) YoY
✅EBIDTA margin 12% vs 4.5% (YoY and QoQ)

*Precot Q3*

🚀🚀 _*EBITDA 25.5cr vs 22.4cr (+14% QoQ) vs 8cr (+219% YoY)*_

🚀🚀PAT 9.4cr vs 5.6cr (+68% QoQ)vs *2cr loss* YoY

🚀🚀EPS ₹ 7.85 vs 4.67 (+68% QoQ)vs *(-1.74)* YoY
*With such improvement , can expect super bumper FY22 as yarn prices further up*

Precot had traded at ₹ 250/ when Sensex was one-third of current level

Personal due diligence advised. TP subject to MKT condition


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*Technocraft India (CMP 390): Diversified with Sturdy outlook* (Must read)
Target price: 600🎯

*Technocraft India has 4 segments*:🔰
1. Drum closures
2. Cotton Textiles
3. Scaffolding’s and frameworks
4. Engineering and design services:
a) Embedded systems & IoT
b) ITeS
c) Electronics design services

*Financials:*

✅Technocraft India has notched up an EPS of ₹17 for the quarter ended 31st December 2020.
✅Decent sized company having annual turnover of 1,300 crore
✅ Book value: ₹400🔱 (Tdg @1.0xBV)
✅ Low floating stock: Only 16% (75% promoter holding, 8.5% held by funds/foreign corporates)

*Segment wise outlook:*
🔑Scaffoldings and frameworks division has strong prospects due to *anticipated growth in Infrastructure and Affordable housing construction* demand in India post Covid.
🔑Company has made *significant structural changes* to its textile division. Company’s *Grey Cotton Yarn operations are now based in Amravati which is cotton growing area and has cost effective operations* and has generated a positive EBITDA in FY 2020-21. In Murbad, company now produces only value added *high margin products like Melange Yarn and Fabric*. These are also generating a *positive EBITDA* in FY 2020-21.
🔑Going forward, company expects the demand for its services in the engineering division to be significantly increasing due to the *WFH trend globally and strong acceptance of company’s offshore global delivery model.*
🔑 Demand for steel drums being *essential products carrying* medicines, food etc. continued to go up and this led to an increase in demand for Drum closures globally.


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

PNB: Likely NPA position

Nnpa Q3FY21 was 26598 Cr. We estimate Q3 recoveries at 6000 Cr. This should reduce Nnpa by approx 5500 Cr. We presume that Q4 fresh NPA should be approx 1000 Cr. It means that Nnpa as on Q4FY21 should be around 22000 Cr vs 26598 Cr

✅More Important: Recovery of 6000 Cr means CASH INFLOW of 6000 Cr which is 15% of current mcap

Keep tuned in for More insights

TP: ₹ 100 next year


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

PNB Vs.....

PNB is 2nd biggest PSU Bank

✅Mcap of biggest PSU Bank is 3.30 lakh Cr. PNB mcap is just 40,000 Cr

✅ Mcap of IDBI Bank ( much smaller than PNB and financials of PNB superior) is 42000 Cr Vs PNB mcap 40000 Cr

✅ Again Mcap of Yes Bank is 40000 Cr although YB much smaller and financials much worse Vs PNB

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*Good Morning*
• India Delays Anti-Pollution Rules for Coal Power Plants Again
• Pakistan’s Trade Flip-Flop Evokes Conflict Between the Koreas
• Jana Small Finance Bank IPO Prospectus Reveals Troubled Past: BQ
• Reliance’s Creditors, Holders Approve Oil-to-Chemicals Spinoff
• RBI Surprises With $530 Million Bond Sales in Secondary Market
o Central bank sold 38.8 billion rupees of bonds last week
• India Forex Reserves Fall $2.99b to $579.3b in Week to March 26
• India’s Largest Lender Says Online Banking Shut For 3.5 Hours
• Raw Sugar Slides to Longest Weekly Rout in More than 3- Years
o India boosts output as China shows signs of easing purchases
• NCLAT Lifts Restriction On RBI Action Against SREI Equipment: BQ
• Global Funds Buy Korean, Indian, Thai, Indonesian Bonds
• Global Funds Buy Net INR1.49B of India Stocks on April 1: NSE
o Domestic funds sell net 2.97b rupees of stocks
• Foreigners Buy Net INR46.8B of India Equity Derivatives April 1
• World Economy Risks ‘Dangerously Diverging’ Even as Growth Booms
• Guardians of Global Economy Gather to Assess Damage: Eco Week
• Powell at IMF/World Bank Spring Meetings: Week Ahead April 3-9
o Australia, India rate decisions; FOMC minutes; Masters golf
• India Seeks Restoration of Democracy in Myanmar Amid Violence
• PM Modi chairs high-level meet to review COVID situation as cases surge: PTI
• ByteDance Calls India’s Bank Account Freeze Harassment: Reuters
• Reliance-BP seek buyers for 5.5 mmscmd gas from KG-D6: PTI
• Tycoon Brothers Pay $137 Million for Mumbai Property, ET Says
• Indian 4G Tender May Block China’s Huawei and ZTE, ET Reports
• Shapoorji Founders to Raise Up to $681m Against Tata Holding: ET
• Bajaj Auto (BJAUT): March sales 369,448 units vs 242,575 year ago
• Bank of Baroda (BOB): IL&FS Maintains Est. of Addressing INR560b Debt by FY22
• CSB Bank (CSBBANK): Says gross advances at INR132.9B end-Dec vs INR127.6B Q/Q
• Cipla (CIPLA): Says Digihealth to Buy Pharmarack Tech for INR1.11B
• Coal India (COAL): Coal India’s Shipments Sink to Four-Year Low Amid Covid Crisis
• Eicher Motors (EIM): Says March sales +84% to 66,058 units
• Hero MotoCorp (HMCL): Says March vehicle sales +72% to 576,957 units
• Housing Development Finance Corp (HDFC): Says HDFC Capital, Cerberus to form Special Situations platform
• IL&FS Transportation (ILFT): Says received a settlement amount INR6.73b for KNCEL & INR200m claims for CNTL, from NHAI
o IL&FS gets INR10.35B upon sale of China road asset
• J&K Bank (JKBK): Says J&K state to infuse INR5b capital
• Mahindra & Mahindra (MM): Mahindra and Ford won’t collaborate on projects in India
• Maruti Suzuki (MSIL): Says Suzuki’s Gujarat plant C starts operation, adding 250,000 unit/yr production capacity
• Natco Pharma (NTCPH): Says U.S. FDA approves its ANDA for Bosentan
• Parag Milk (PARAG): Raises $21M from IFC via share, FCCB issue
• Steel Authority (SAIL): Says slashes gross debt by nearly one third in FY21
• TVS Motor (TVSL): March sales +123% to 322,683 units
• Unitech (UT): Indian agency seizes properties worth INR1.97b in Unitech case
• 10:30am: Markit India Manufacturing PMI for March, prior 57.5


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*RALLY IS UNDER PRESSURE DUE TO COVID SURGE*

Global market are upbeat & most of the global market are trading sharply higher but our market could be under pressure due shape surge in covid cases & potential partial lockdown.US bond is under pressure.

Nifty Short term trend *BULLISH* as long as Nifty trade ABOVE *14575* At this point, Crossing thrusday high is important level to watch.

IT & metal is is taking the lead & midcap are quite strong. Auto sales number are strong. GST collections hit a record high 1.24 kh cr in March.

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*Stocks in the news*

JTL Infra: ERW steel tubes and pipes producer said it registered a healthy sales volume of 38,715 metric tonne in Q4 FY21. The volume increased by 98.42% QoQ and 66.41% YoY whereas it registered a robust growth of 73.66% on yearly basis, sales volume of FY21 is 82,710 metric tonne as compared to 47,627 metric tonne in FY20.

Olectra Greentech: Olectra Greentech and Evey Trans received letter of award for 50 electric buses from one of the state transport authorities under FAME-II scheme of Government of India. These buses will be delivered over a period of 12 months.

Ashiana Housing: Ashiana Housing said the 8.31 lakh square feet of area has been booked in Q4FY21 against 4.14 lakh square feet in Q4FY20, while the value of area sold was worth Rs 299.71 crore in Q4FY21 against Rs 145.96 crore in the corresponding period. "1,131 number of units were booked in FY21 vis-a-vis 1,505 units booked in FY20," said the company in its BSE filing.

Britannia Industries: The company has declared an interim dividend at 6,200% i.e., Rs 62 per equity share for the financial year 2020-21. The record date for determining the eligibility of shareholders for payment of interim dividend has been fixed as April 10.

Adani Enterprises: Adani Enterprises along with its wholly-owned subsidiary company, Gare Palma II Collieries Private Limited has signed coal mining agreement with Maharashtra State Power Generation Company (MAHAGENCO) for development and operation of Gare Palma Sector II coal mine.

Maruti Suzuki India: Suzuki Motor Gujarat (SMG), a 100% subsidiary of Suzuki Motor Corporation for the production of automobiles in India, has completed construction of the plant C, and started production from April 2021. "With production starting at the Plant C, which has an annual production ability of 2,50,000 units, together with Plant A and Plant B, the total ability of SMG will be 750,000 units," said the company in its BSE filing.


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*RBI monetary policy will be held from April 5 to 7. The policy will be announced on April 7*


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*Global-Market Cues*
-Global markets indicate a strong opening
-US job data better than the estimate
-Nonfarm payrolls increased by 916,000 in March, the highest since August 2020
-Oil prices slip after OPEC+ agree to ease output cuts
Market Holiday
Hong Kong, Taiwan, China
Australia, NZ, Germany, Italy, UK, France, EU


*STOCKS TO WATCH:* BRITANNIA, HDFC, NFL, BHARAT FORGE, BHARAT ROAD, BAJAJ AUTO, OLECTRA GREENTECH, ADANI ENTERPRISES, NMDC, NTPC, IRCTC


*HDFC:* Co Saw Strong Improvement In Individual Loan Business During Q4FY21

*NFL:* Total Fertilizer Sale Peaks At 59.36 Lakh MT In FY 2020-21

*Bharat Forge:* Total Class 8 Truck Orders In North America For The Month Of March At 40,000 vs 43800 units (MOM) Feb

*Olectra Greentech:* Co. And EVEY Receive LOA For 50 Electric Buses


*HDFC Ltd Q4 Update*
- Individual loans business was strong
- Loans assigned to HDFC Bank at Rs 7,503 cr, ​up 36.9% YoY & 6% QoQ
- Individual loans sold in last 12 months at Rs 18,980 Cr
- Individual loans sold at Rs 2,024 cr vs Rs 3,061 cr


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Expected corporate announcements this week (05 Apr - 09 Apr '21) Dates = Ex. dates
Mon, 05 Apr
Dividends
Saregama India Ltd

Shriram Transport Finance Company Ltd

SBI Life Insurance Company Ltd

Tue, 06 Apr
Bonus
Libas Consumer Products Ltd

Dividends
NACL Industries Ltd

Shriram City Union Finance Ltd

Results
G M Breweries Ltd

Simplex Projects Ltd

Wed, 07 Apr
Dividends
Edelweiss Financial Services Ltd

Thu, 08 Apr
Dividends
India Nippon Electricals Ltd

Rail Vikas Nigam Ltd

Kama Holdings Ltd

Premco Global Ltd

Britannia Industries Ltd

Results
SEL Manufacturing Company Ltd

Fri, 09 Apr
Dividends
Rama Phosphates Ltd

Roto Pumps Ltd

Stock Split
Pritika Auto Industries Ltd

Inland Printers Ltd

https://t.me/marketswizard
*Learning and Earning Group*

https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement group*