*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*

*HDFC Bank Q4FY21 Business Update*
Advances came at 11.32 Lac Cr (+14% YoY, +4.6% QoQ)
• Retail advances grew +7.5% YoY, +4.5% QoQ
• Wholesale advances grew +21% YoY, +4.5% QoQ
Deposits came at 13.35 Lac Cr Cr (+16% YoY, +5% QoQ)
CASA improves to 46.1% vs QoQ 43.0% & YoY 42.2%

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*Indusind Bank Q4FY21 Business Update*
Advances came at 2.13 Lac Cr (+3% YoY, +2.6% QoQ)
Deposits came at 2.56 Lac Cr Cr (+27% YoY, +7% QoQ)
CASA improves to 41.8% vs QoQ 40.5% & YoY 40.4%

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Brokrage Reports


CS On Steel
Indian Domestic Prices Now At 17%/11% Disc To China/FTA Imports
It’s Opening Up Large Room For Price Hikes ($100/t To Nullify FTA Discount)
Expect Integrated Domestic Spreads To Remain Elevated In FY22
Like Tata Steel & JSPL

JPMorgan On SAIL
OW, TP Rs 105

CLSA On Sun Pharma
Buy, TP Rs 760

Jefferies On Asian Paints
Initiate hold, TP Rs 2500

Nomura On PNC Infra
Buy Call, Target At `364/Sh

CS on Consumer Sector
Impact Will Differ From 1st Wave
Govt’s Restrictions Only In Specific States & Not As Extreme As 1st Lockdown
Significant Near-term Headwinds For Avenue, UBL & USL
Tailwinds For Dabur, Tata Cons & Britannia
Silver Lining-Vaccination Picking Up

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

ADANI PORT: CO HAS SIGNED AN AGREEMENT ON APRIL 1, 2021 WITH VISHWA SAMUDRA HOLDINGS PVT. LTD TO ACQUIRE 25% STAKE OF ADANI KRISHNAPATNAM PORT || DEAL FOR RUPEES 28B
Adani port already hold 75 %

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*Federal Bank Q4FY21 Business Update*
Advances came at 1,34,876 Cr (+9% YoY, +5% QoQ)
Deposits came at 1,72,655 Cr (+13% YoY, +7% QoQ)
CASA came at 33.8% vs QoQ 34.5% & YoY 30.5%

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

US Stock futures climbed in overnight trading on Sunday as investors cheered a strong bounce in U.S. job growth last month amid accelerating vaccine rollout.

The Labor Department reported Friday that nonfarm payrolls increased by 916,000 in March, the highest since August 2020, while the unemployment rate fell to 6%. Economists surveyed by Dow Jones were expecting an increase of 675,000 and a jobless rate of 6%.

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*J&K Bank:* Govt of J&K has announced that it would infuse Rs 500 Cr in the bank. The board shall discuss the details of the infusion in a meeting in coming days. _Assuming the infusion happens at the CMP of Rs. 27, it would result in dilution by 26%. Adj. BVPS shall reduce from Rs. 68 to Rs. 59 as infusion would happen at much less than BV (at just 0.3x BV). P/Adj. BV would increase from 0.40x to 0.45x. Neutral._

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Yes Bank on Monday reported loan growth for the first time in the last seven quarters. The bank's loans and advances grew by 0.8 percent to Rs 1,72,850 crore at the end of March 2021 as compared to Rs 1,71,443 crore in the same period a year ago.

On a quarter-on-quarter basis, the bank's loan growth was 2.25 percent, the highest in past 10 quarters.

Under this, the gross retail disbursements during the March quarter rose 154.3 percent to Rs 7,828 crore from Rs 3,078 crore, YoY.

Yes Bank's deposits as of March 31 increased by 54.7 percent to Rs 1.62 lakh crore as against Rs 1.05 lakh crore by end of March 2020, the bank said in its quarterly update to the exchanges.


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Stocks To Watch

Bajaj Finance: Acquired 2.3 million new customers in the three months to March 31, compared with 1.9 million a year earlier. Total customers stood 48.6 million, compared with 42.6 million year-on-year. Deposit book stood at about Rs 25,800 crore as on March 31, compared with Rs 21,427 crore a year earlier. Assets under management stood at Rs 1.53 lakh crore Versus Rs 1.47 lakh crore year-on-year. Consolidated Liquidity Surplus stood at about Rs 16,000 crore as of March 31. New loans booked during Q4 at 5.5 MM as compared to 6 MM a year earlier. Deposit book during the quarter grew by over Rs 2,000 crore to Rs 25,800 crore.

Sobha: Achieved best ever total sales volume of 13.37 lakh square feet worth Rs 1,072 crore in quarter ended March. Price realisation of Rs 8,014 per square feet was the highest over the last eight quarters. Sales volume, total sales value and total price realisation up by 18%, 21%, and 2% respectively compared to previous quarter. Cash flows remained healthy during the quarter resulting in substantial net debt reduction. Average cost of borrowing has further come down during the quarter. Launched new residential projects to the tune 2.77 million square feet and 0.27 million square feet in commercial space. Sales volume in Bengaluru, Gurugram, Pune and Kochi was the highest ever.

Avenue Supermarts: Standalone revenue from operations in the fourth quarter stood at Rs 7,303.13 crore as compared to Rs 6,193.53 crore in the same period last year. Two years and older stores saw growth of 6% during January-February 2021. Growth for these stores in the first 15 days of March 2021 was a negative 9.4% due to implementation of full or partial lockdowns due to rising Covid-19 cases. The second fortnight of March saw significant growth due to a lower base of last year. Several stores have been restricted to sell non-essential products on certain days of the week or for continuous period of at least up to the end of April 2021. In FY21 the company opened 22 new stores and converted two stores into fulfilment centers for Avenue E-commerce. The total number of stores stood at 234.

Bharat Forge, RK Forgings: Class 8 truck orders at 40,800 units for the month of March as compared to 7,211 units in the year-ago period. However, the orders were down 9% month-on-month and stood at 44,000 units in February 2021.

RBL Bank: The bank' gross advances grew 2% year-on-year and 5% quarter-on-quarter to Rs 60,012 crore. Total deposits saw growth of 26% from last year and 9% from the previous quarter to Rs 73,123 crore. CASA Ratio for the Bank stood at 31.8% from 31.1% during the December quarter. Average Liquidity Coverage Ratio for the quarter was 154% Vs 164% in December 2020.

Ircon International: Board approves the issue of bonus
shares in the ratio of 1:1. The bonus shares will be dispatched within 60 days of the board's approval. The issue of bonus shares is subject to shareholder approval.

Panacea Biotec: The Russian Direct Investment Fund has signed an agreement with the company to produce 100 million doses per year of Sputnik V vaccine in India. Production of Sputnik V at Panacea Biotec sites will help facilitate global supply to international partners of RDIF.

Container Corporation of India: Q4 volumes up 12.5% year-on-year at 10.58 lakh TEUs (Twenty Foot Equivalent Units). FY21 volumes down 2.8% year-on-year at 36.43 lakh TEUs.

Jindal Steel & Power: Sales in March up 61% year-on-year at 7.86 lakh tonnes. Production up 21% year-on-year at 7.30 lakh tonnes. Quarterly Production has crossed 2.07 million tonnes. The company has posted highest ever production and sales in FY21 of 7.51 million tonnes and 7.28 million tonnes respectively. Exports accounted for 35% of the total sales in FY21 as compared to 13% last year.

Maruti Suzuki: Total production in March up 86.33% to 1.72 lakh units Vs 92,540 units last year.

Mukand: Has reduced its debt by more than Rs 975 crore via a promoter backed line of credit, completion of first tranche of sale of 30% stake in joint venture, Mukand Sumi Special Steel for Rs 713.61 crore, and transfer of company’s approximately 55 acres of surplus leasehold land at Thane for a consideration of Rs 801.51 crore.

Non-Nifty Earning: GM Breweries

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*