*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

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*Learning and earning group*

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*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

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*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


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*🔒 Updates *

*Haryana*
7-Day Lockdown Declared Starting Tomorrow

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


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*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.

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*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


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*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


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*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


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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*

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*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*

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*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*

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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

*JSW Steel* increased list prices of HRC by Rs 3,500/t and CRC by Rs 5,500/t for May delivery. The effective price stands at around Rs 65,000-65,500/t for HRC and 80,500-81,000/t .Higher export realizations along side absence of cheaper imports have been driving steel prices upward in the domestic market.
*View*
this was in line with expectation, we believe the metal rally is still not over, we expect the other companies to follow the suit

*Top pick remains Tata steel and SAIL followed by JSW steel and JSPL*

*Shuboudhaya🙏*
*Today's top news: 03 May*

1. *Ruling parties likely to retain power in Assam, Kerala & West Bengal; Opposition Parties to form govts in Tamil Nadu & Puducherry*

2. *PM Modi congratulates Mamata Banerjee for her party's win in West Bengal assembly elections.*

West Bengal Election Result 2021
214 TMC+
77 BJP+
1 LEFT+
0 OTH
292/294
CM Mamata retains Bengal but loses in Nandigram

3. *The Trinamool Congress has demanded recounting in Nandigram* constituency from which Chief Minister Mamata Banerjee had stood, alleging a number of illegalities in the vote counting process.

4. *The Prime Minister also thanked the people of Tamil Nadu who supported NDA* . He also congratulated DMK chief M K Stalin for the victory in the Tamil Nadu assembly elections saying they will work together for enhancing national progress. He assured the people of the state that they will keep working towards the state’s welfare and to further popularise the glorious Tamil culture.

*Tamil Nadu -234*
DMK+ 159
ADMK+ 73
AMMK+ 0
OTH 0

5. *PM Modi also congratulated Kerala Chief Minister Pinarayi Vijayan* and the LDF for winning the assembly elections. He said they will continue working together on a wide range of subjects and to ensure India mitigates the COVID-19 global pandemic.

*Kerala 140/140*
LDF 94
UDF 40
BJP+ 0
OTH 6

6. *Puducherry : 30/30*
NRC+BJP 16
CONG+ 8
MNM+. 0
Other. 6

7. *Assam -126*
BJP+ 75
CONG+ 50
IND 1
OTH 0

8. *Jharkhand Mukti Morcha’s candidate Hafeezul Hasan, son of late Minister Haji Hussain Ansari won the Madhupur by-election in Deoghar district* defeating his nearest rival from Bhartiya Janta Party’s Ganga Narayan Singh by 5247.

9. Assam: APCC President Ripun Bora resigns from the post of state party president post

10. *Railway Ministry has deployed nearly 4 thousand isolation coaches with almost 64 thousand beds in order to strengthen the capabilities of the nation in fight against Covid.*

11. Madhya Pradesh Congress MLA Brijendra Singh Rathore died while undergoing treatment for COVID-19 at a private hospital on Sunday.

12. Government on Saturday said that 30 industries have been identified in the country where existing Nitrogen manufacturing plants will be converted into oxygen manufacturing Plants.

13. Railways has delivered 1,094 tonnes of Liquid Medical Oxygen so far to various states across the country.

14. *Himachal to seize undeclared Oxygen cylinders* : The district administration has told all private hospitals, traders and individuals to declare the number of oxygen cylinders in their possession within the next 24 hours, failing which action would be taken against them.

15. North Block appointed T Rabi Sankar, executive director of the Reserve Bank of India as the fourth deputy governor of the central bank.

16. The Haryana Government on Sunday declared a seven-day lockdown from May 3 to contain the rapid spread of COVID-19 in the state.

17. *Not more than 2 to be allowed in cars, negative COVID test report must for entering Punjab* :The Punjab government on Sunday ordered that non-essential shops will continue to remain closed in the state till May 15 as it came out with additional restrictions.

18. *In AndhraPradesh Government announces to postpone the Intermediate examinations, taking High Court recommendations into consideration*

19. *Delhi University has decided to postpone the final year examinations in view of the prevailing COVID-19 crisis* .

20. *Actor bikramjeet kanwarpal dies at 52 from covid-19;* Bikramjeet Kanwarpal was an Indian film and television actor. A retired army officer, Kanwarpal had played supporting roles in many films and television serials. Kanwarpal shared screen space with actor Anil Kapoor in 24. He died from COVID-19 on 1 May 2021, at the age of 52.

21. Indian coast guard rescues missing tamil nadu fishing boat ‘mercedes’ 370 kms from lakshadweep islands.