HDFC Bank's CEO Sashi Jagdishan announces top management rejig -

HDFC Bank has reorganised itself into three clear areas of business verticals, delivery channels and technology / digital, under \"Project Future – Ready" to power its next wave of growth, the bank said in a statement

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*Global-Market Insight*
-Asian markets are set to open muted
-Strong economic data posing an inflationary challenge
-The US markets futures showing green
-Japan and China are shut for holidays
-Crude oil slips as India demand slowing
-The US Commerce Department said the economy grew by 6.4% in Q1
-Vaccinations are administered rapidly and COVID-19 cases continue to fall
-The US household incomes surged 21% in April, driven largely by the $1,400 paycheck
-The market still has some key concerns, including how government spending will impact taxes and inflation
-Analysts expect yields to rise again

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*STOCKS TO WATCH:* RELIANCE, SUPREME PETRO, SHRIRAM CITY, MARUTI, AJANTA PHARMA, JSW STEEL, M&M, EICHER, YES BANK, INDUSIND BANK, ESCORTS, TATA MOTORS, ASHOK LEYLAND, HERO MOTO, AMARA RAJA

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*JSW Steel:* Co Had Acquired From Welspun Corp Limited On A Slump Sale Basis, The Business Of Manufacturing Of High-Grade Steel Plates And Coils Ii 2.25b Rupees To Be Paid To Welspun As On April 30, 2021


*Eicher Motors:* April Motorcycle Total Sales 53,298 Units Vs 66,058 Units (MoM); Est 54,700 Units

*Ashok Leyland:* April Total Sales 8340 Units Vs 17,231 Units (MoM) Est: 10,100 Units


*Hero Motocorp:* April Total Sales 3,72,000 Units Vs 5,24,608 Units (MoM) Est: 4,48,000

*Amara Raja Batteries:* Co Has Received Closure Orders Dated April 30, 2021, From The Andhra Pradesh Pollution Control Board For The Co Plants Situated At Karakambadi, Tirupati And Nunegundlapalli Village, Chittoor District, Andhra Pradesh


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*🔒 Updates *

*Haryana*
7-Day Lockdown Declared Starting Tomorrow

*Odisha*
Announces A 14-day Lockdown From May-5 To May-19


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*Results on May 3*
Kotak Mahindra Bank, SBI Life Insurance Company, Tata Chemicals, Godrej Properties, L&T Technology Services, Home First Finance Company India, IDBI Bank, Apollo Tricoat Tubes, Citadel Realty and Developers, JK Agri Genetics, Jupiter Infomedia, Mahindra Holidays & Resorts, Navigant Corporate Advisors, Nutricircle, Pankaj Polymers, Pil Italica Lifestyle, Shree Ganesh Remedies, Supreme Industries, Tribhovandas Bhimji Zaveri, Universal Arts and Varun Beverages will release quarterly earnings on May 3.

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*MOIL*
prices of all grades of Ferro, SMGR grades, Fines and Chemical grades have been reduced by about 5% MoM w.e.f 01'May

*INOX LEISURE*
Partners with Food Delivery Apps to deliver its food & beverages products to customers’ home as the pandemic continues to impact cinema operations


*SBI *
Reduces Home Loan Interest rates
6.70% for loans up to Rs 30 lacs
6.95% for loans above Rs 30 lacs to Rs. 75 lacs
7.05% for Home Loans above Rs 75 lacs

Women borrowers to get a special concession of 5 bps



*DR REDDYS*
1st Consignment Of 150,000 Doses Of The Sputnik V Vaccine Has Landed In Hyderabad

Subsequent Consignments Will Arrive In The Next Few Weeks

Alert DRL is the custodian for the Sputnik V brand in India


*TECH MAHINDRA*
In the process of filing a patent, along with Reagene Biosciences, for a drug molecule that can potentially attack coronavirus

Alert Markers Lab is the R&D Arm of Tech Mahindra


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

https://youtu.be/jNCqWSMH0-8

For more such market updates, please subscribe to Nirmal Bang's YouTube channel.

https://youtu.be/GHqVe5olS34

For more such market updates, please subscribe to Nirmal Bang's YouTube channel.

*Alicon Castalloy Ltd.* | *CMP* Rs. 464 | *M Cap* Rs. 645 Cr | *52 W H/L* 519/201
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 322.6 Cr (20.2% QoQ, 63.1% YoY) vs QoQ Rs. 268.4 Cr, YoY Rs. 197.7 Cr
EBIDTA came at Rs. 48.6 Cr (49.2% QoQ, 297.7% YoY) vs QoQ Rs. 32.5 Cr, YoY Rs. 12.2 Cr
EBITDA Margin came at 15.1% vs QoQ 12.1%, YoY 6.2%
Adj. PAT came at Rs. 25.3 Cr vs QoQ Rs. 11.5 Cr, YoY Rs. -5.8 Cr
Quarter EPS is Rs. 18.2


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*RPG Life Sciences Ltd.* | *CMP* Rs. 481 | *M Cap* Rs. 796 Cr | *52 W H/L* 481/217
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 92.8 Cr (-13.8% QoQ, 4.6% YoY) vs QoQ Rs. 107.6 Cr, YoY Rs. 88.7 Cr
EBIDTA came at Rs. 12.7 Cr (-40.6% QoQ, 1.3% YoY) vs QoQ Rs. 21.3 Cr, YoY Rs. 12.5 Cr
EBITDA Margin came at 13.6% vs QoQ 19.8%, YoY 14.1%
Adj. PAT came at Rs. 6.9 Cr vs QoQ Rs. 12.9 Cr, YoY Rs. 8.3 Cr
Quarter EPS is Rs. 4.2
Share is trading at P/E of 19.9x TTM EPS


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

APL Apollo Tubes Limited, has increased pipe price by Rs 2,500/t to Rs 66,500/t($897/t) FoR Chhattisgarh, from 1st of May. This is the first hike by the company for May '21 sales. Meanwhile, the current offer stands at Rs 68,750/t(exy-Mumbai) and INR 67,500/t(exy-Delhi). The company has raised pipe prices following a hike in raw material costs and tight supply.

*Positive*

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*MOIL*, India's largest manganese ore miner has decreased prices of all grades of Manganese ore by 5% on prevailing prices since 01.04.2021. Despite higher silicomanganese prices MOIL decided to reduce the ore prices to maintain price parity with the international prices. South African carbonate ore prices fell by around 7% since the start of the month.

*outlook- NEUTRAL*

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*Coal India*: Production in April up 3.7% year-on-year to 41.9 MT while Offtake rose 38.4% year-on-year to 54.1 MT

*Positive*

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Newsletter Issue 8 Update

Added Rossel Ind at 120
Added Ramco Ind at 287
Added Mahseamless at 288
Added Everest Ind at 315
Added Banco at 151.8

Dear All,

Nirmal Bang is inviting you to a Zoom webinar.
When: May 4, 2021 08:45 AM India
Topic: Morning Market Update

Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_t6gUFiWhSH-shEqhL0m4oA


After registering, you will receive a confirmation email containing information about joining the webinar.

*Godrej Properties Ltd.* | *CMP* Rs. 1325 | *M Cap* Rs. 36827 Cr | *52 W H/L* 1573/575
(Nirmal Bang Retail Research)
*Result declining*
New Booking Came at Rs.2632cr Vs QoQ Rs.1488cr YoY Rs.2383cr

Revenue from Operations came at Rs. 432.6 Cr (153.8% QoQ, -62.8% YoY) vs QoQ Rs. 170.5 Cr, YoY Rs. 1163.1 Cr
EBIDTA came at Rs. -156.3 Cr (187.7% QoQ, -200.6% YoY) vs QoQ Rs. -54.3 Cr, YoY Rs. 155.5 Cr
EBITDA Margin came at -36.1% vs QoQ -31.9%, YoY 13.4%
Adj. PAT came at Rs. -191.6 Cr vs QoQ Rs. 14.4 Cr, YoY Rs. 101.1 Cr
Quarter EPS is Rs. -6.9

ADANI PORTS: CO HANDLED CARGO VOLUME OF (+86%) 24.46 MMT IN APRIL (YOY)

ADANI PORTS: CONTAINER SEGMENT - CO HANDLED A VOLUME OF (+98%) 0.69 MN TEU’S IN APRIL, 2021

*Varun Beverages Ltd.* | *CMP* Rs. 921 | *M Cap* Rs. 26594 Cr | *52 W H/L* 1130/571
(Nirmal Bang Retail Research)
*Result is above expectations* * Company has approved bonus in the ratio of 1:2
Revenue from Operations came at Rs. 2269.9 Cr (70.6% QoQ, 35.4% YoY) vs expectation of Rs. 2120.7 Cr, QoQ Rs. 1330.9 Cr, YoY Rs. 1676.4 Cr
EBIDTA came at Rs. 381.6 Cr (121.6% QoQ, 40.7% YoY) vs expectation of Rs. 355.3 Cr, QoQ Rs. 172.2 Cr, YoY Rs. 271.2 Cr
EBITDA Margin came at 16.8% vs expectation of 16.8%, QoQ 12.9%, YoY 16.2%
Adj. PAT came at Rs. 129.3 Cr vs expectation of Rs. 119.5 Cr, QoQ Rs. -19.7 Cr, YoY Rs. 121.4 Cr
Quarter EPS is Rs. 4.5
Share is trading at P/E of 28.1x FY22E EPS