*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.

22. *ITBP officials visited Sardar Patel COVID Care Centre in Delhiís Chhatarpur* to meet patients and examine ground arrangements. 400 patients are presently admitted at the centre.

*✈INTERNATIONAL NEWS*

1. *Covid-19: India gets first batch of 1.5 lakh doses of Russia’s Sputnik V vaccine* : The vaccines will be delivered to Hyderabad-based Dr Reddy’s Laboratories, which has joined hands with Russian Direct Investment Fund to produce the vaccine in India. The Drugs Controller General of India on April 13 had granted permission to Sputnik V vaccine for restricted use in emergency situations.

2. *External Affairs Minister Dr. S Jaishankar will be visiting London from 3rd May to 6th May to participate in the G7* Foreign Ministers Meeting. He will thereafter undertake a bilateral visit to the UK.

3. *PM Narendra Modi will hold a Virtual Summit with the PM of the UK, Boris Johnson on Tuesday* : A comprehensive Roadmap 2030 will be launched during the Summit, which will pave the way for further expanding and deepening India-UK cooperation over the next decade.

4. *France detects first case of Indian COVID-19 variant,* three French nationals found infected
A first case, involving a woman who travelled to India and is living in southwestern France, was confirmed

*🌎WORLD NEWS🌍*

1. US: pentagon cancels parts of former us president donald trump’s border wall with mexico that were being built using military funds.

2. Eight killed as security forces open fire on protesters in Myanmar
Protests against military rule were some of the biggest in days after a spell of dwindling crowds.

*🚣🚴🏇🏁🏊Sports:*

1. *IPL : Match 02 May*

RR 220/3 (20)
Vs
SRH 165/8 (20)

*RR Win by 55 runs*
+×+×+×
PBKS 166/6 (20)
Vs
DC 167/3 (17.4)

*Delhi Capitals beat Punjab Kings by 7 wickets*

2. *Monday, 3rd May 2021*
KOLKATA KNIGHT RIDERS

ROYAL CHALLENGERS BANGALORE

19:30 IST (14:00 GMT)
Match 30 Narendra Modi Stadium, Ahmedabad

*USD 74.10 💷GBP 102.40*
_In Panaji (Goa)_
*🥇Gold ₹46,070@10 gm 24 (Krt)*
🥈 *Silver ₹72,750@ Kg*
⛽ *Petrol ₹ 88.03*
⛽ *Diesel ₹ 86.07*

*LPG : ₹ 825/14.2 Kg*

*BSE Sensex*
rate 48,792.36

*🇮🇳Facts about India🇮🇳*

Goa is a state in western India with coastlines stretching along the Arabian Sea. Its long history as a Portuguese colony prior to 1961 is evident in its preserved 17th-century churches and the area’s tropical spice plantations. Goa is also known for its beaches, ranging from popular stretches at Baga and Palolem to those in laid-back fishing villages such as Agonda.

*😀Thought of the day*

A friend is someone who understand your past, believes in your future, and accepts you today just the way you are.


💁🏻‍♂️ *GK TODAY*

*World War I*
28 Jul 1914 – 11 Nov 1918

Its Location: Europe, Africa, the Middle East, the Pacific Islands, China, Indian Ocean, North and South Atlantic Ocean

*😳Why❓❓❓*

⁉ *Scientific reason behind Abhishekam in Santana Dharma*

Generally idols in the temple are being washed (ABHISHEKAM) in a routine. The answer lies within our self. We take bath to get ourselves fresh and the same is applied here. The idols are used to store the cosmic energy and dissipate them. We know that energy transfer occurs only when there is a potential difference exist. Here in this case the idols are the high potential dissipaters and we(humans) are the low potential absorbers.

Hence if the number of absorbers increase, the amount of energy lost by the idols will also increase. In order to replenish the capability of storing the cosmic energy within itself, the idols are subjected to the ritual called Abhishekam.

This is a ritual in which the idols are made to take sacred bath not only with water, but also with Vibhuti, honey, milk, turmeric etc. The composition of idols gets prone to the radiation again. Usually after the Abhishekam is done, the spent liquid is passed on to the devotees for them to drink or to apply on their heads. Since the liquid is made to flow over the statues, it is believed to have the energy collected by them.

And making use of that liquid(locally called as TEERTHAM)

*LEARN Sanskrit*🙏🏻

अहम् पठामि - I read
यूयम् पठथ - you all read

🤔 *How it works* ⁉

Sodium bicarbonate is formed by mixing carbon, sodium, hydrogen and oxygen molecules. This mixture, also known as baking soda, is actually a type of salt.

🛕 *VEDIC GYAN*

*Nala* , a character in Indian mythology, is the king of Nishadha Kingdom and the son of Veerasena. Nala is known for his skill with horses and for his culinary expertise. He marries princess Damayanti, of the Vidarbha Kingdom, and their story is told in the Mahabharata. His main weakness is gambling. He is possessed by the demon Kali. He was also a great cook and wrote the first-ever book on cookery, Pakadarpanam (Sanskrit: पाकदर्पण

🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻)

The ingredients used to make golden milk or Haldi Milk have antibacterial and antiviral properties which may protect your body from infections. Their antioxidant and anti-inflammatory properties may strengthen your immune system as well.

*Regards*

*🙏PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF & YOUR FAMILY SAFE🌼*

KOTAK MAHINDRA BANK: Q4 GROSS NPA 3.25% VS 2.26% (QOQ)

KOTAK MAHINDRA BANK: Q4 SL NET PROFIT 16.7B RUPEES VS 12.66B (YOY); EST 19B |18.53B (QOQ)

Adani Port cargo volume came at 24.46 MMT in the month of April (-6% MoM, 86% YoY)

https://youtu.be/JwWFnpOZIdo

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*Kotak Mahindra Bank Ltd.* | *CMP* Rs. 1733 | *M Cap* Rs. 343452 Cr | *52 W H/L* 2049/1108
(Nirmal Bang Retail Research)
*Result is below expectations*
Net Interest Income came at Rs. 3843 Cr vs expectation of Rs. 3739 Cr, YoY Rs. 3560 Cr, QoQ Rs. 4007 Cr
Non Interest Income came at Rs. 1950 Cr vs expectation of Rs. 1513 Cr, YoY Rs. 1489 Cr, QoQ Rs. 1334 Cr
PBP came at Rs. 3407 Cr vs expectation of Rs. 3207 Cr, YoY Rs. 2725 Cr, QoQ Rs. 3083 Cr
Provisions came at Rs. 1179 Cr vs expectation of Rs. 714 Cr, YoY Rs. 1047 Cr, QoQ Rs. 599 Cr
Adj. PAT came at Rs. 1682 Cr vs expectation of Rs. 1884 Cr, YoY Rs. 1267 Cr, QoQ Rs. 1854 Cr
Gross NPA came at 3.25% vs QoQ (proforma) 3.24%
Net NPA came at 1.21% vs QoQ (proforma) 1.24%
Quarter EPS (Standalone) is Rs. 8.8 & Quarter EPS (Consolidated) is Rs. 12.6
Share is trading at P/E of 31.7x FY22E EPS & 4.3x trailing P/Adj. BV (Consolidated)

*IDBI Bank Ltd. * | *CMP* Rs. 36 | *M Cap* Rs. 39085 Cr | *52 W H/L* 56/19
(Nirmal Bang Retail Research)
*Result is ok*
Net Interest Income came at Rs. 3240 Cr vs YoY Rs. 2356 Cr, QoQ Rs. 1810 Cr
Non Interest Income came at Rs. 1181 Cr vs YoY Rs. 1326 Cr, QoQ Rs. 1368 Cr
PBP came at Rs. 2879 Cr vs YoY Rs. 1874 Cr, QoQ Rs. 1639 Cr
Provisions came at Rs. 2457 Cr vs YoY Rs. 1584 Cr, QoQ Rs. 796 Cr
Adj. PAT came at Rs. 512 Cr vs YoY Rs. 135 Cr, QoQ Rs. 378 Cr
Gross NPA came at Rs. 36212 Cr vs QoQ Rs. 37559 Cr at 22.37% vs QoQ 23.52%
Net NPA came at Rs. 2519 Cr vs QoQ Rs. 2411 Cr at 1.97% vs QoQ 1.94%
Quarter EPS is Rs. 0.5
Share is trading at P/E of 1.4x FY22E EPS & 1.1x trailing P/Adj. BV

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*THINGS TO KNOW BEFORE THE MARKET OPENS*
*_Trends on SGX Nifty indicate a flat start for the index in India._*

Indian market closed flat after a gap-down start on Monday. The S&P BSE Sensex closed with a loss of 63 points while the Nifty50 managed to hold on to 14600.

Sectorally, buying was seen in telecom, metals, FMCG, and power space while profit-taking was visible in consumer durables, energy, banks, oil & gas, and realty space.

Broader markets also closed mixed. The S&P BSE Mid-cap index rose marginally but the S&P BSE Small-cap index ended with gains of over 1 percent.

India VIX moved up by 2.88 percent on Monday from 23.02 to 23.69 levels. India VIX needs to hold below 20 zones to again attract a bullish stance.

On the options front, the maximum Put OI is seen at 14000 followed by 13500 strikes while maximum Call OI is seen at 15000 followed by 15500 strike. Options data suggests a wider trading range in between 14200 to 15200 zones.

*US Markets*
The S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and “economy reopening” stocks continued.

The Dow Jones Industrial Average rose 0.7% to close at 34,113.23 points, while the S&P 500 gained 0.27% to 4,192.66. The Nasdaq Composite dropped 0.48%, to 13,895.12.

*Barclays cuts India's FY22 GDP growth forecast to 10%; says local lockdowns to cost $38 billion till June*
Blaming the slow pace of vaccinations and uncertainty around the number of those infected and dead in the second COVID-19 wave, global brokerage firm Barclays cut India's FY22 GDP growth estimate to 10 per cent from earlier 11 per cent.

*SGX Nifty*
Trends on SGX Nifty indicate a flat start for the broader index in India, with a loss of 11.50 points or 0.08 percent. The Nifty futures were trading flat around 14,671 level on the Singaporean Exchange at 7:20 IST.

*Uday Kotak says bank is prepared for a succession plan*
Kota Mahindra Bank chief managing director and chief executive officer, Uday Kotak on May 3 said the bank is prepared with a succession plan after his term ends in December 2023, as per the new rules of the Reserve Bank of India (RBI) on terms of chief executives at banks.

*As govt cuts GST, a look at duties on certain imported items*
As India faces a shortage of medical-grade oxygen, hospital beds, and life-saving medicines like Remdesivir, there have been calls from various quarters to reduce the taxes on these items, whether produced domestically or imported.

Some states have even called for an emergency meeting of the Goods and Services Tax (GST) Council to review the GST applicable on medical equipment, devices and drugs.

*Fed's Powell says economic recovery clouded*
The U.S. economy is doing better but is “not out of the woods yet,” Federal Reserve Chair Jerome Powell said on Monday in remarks that flagged an upcoming central bank study documenting the disproportionate blow suffered by the less educated and working parents during the coronavirus downturn, said a Reuters report.

*Warren Buffett says Greg Able most likely to succeed him at Berkshire Hathaway*
Warren Buffett, the founder of Berkshire Hathaway, said that Greg Abel, Berkshire’s vice chairman of non-insurance businesses, would most likely succeed him if he stepped down.

Buffett told CNBC that the board was in agreement that the 58-year-old would be the most likely successor at the company if anything were to happen to him, Bloomberg reported.

*Reserve Bank of India imposes Rs 3 crore penalty on ICICI Bank*
The Reserve Bank of India (RBI) on May 3 imposed a monetary penalty of Rs 3 crore on ICICI Bank for certain rule violations. The penalty has been imposed for contravention of certain directions issued by the RBI on ‘Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks’, the central bank said in a release.

*Chemplast Sanmar files Rs 3,500-crore IPO papers*
Chemplast Sanmar Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 3,500 crore through an initial share sale. The initial public offer (IPO) comprises a fresh issue of equity shares worth Rs 1,500 crore and an offer for sale of Rs 2,000 crore.

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*Learning and earning group*

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*Knowledge Enhancement Group*

India's Oct-Apr sugar production jumped nearly 41 lakh tons to 299.99 lakh tons compared to last year mainly due to increased output in Maharashtra, says ISMA. Last year in the same period production stood at 258.09 lakh tons....

*Sugar rally seem to continue 🔥🔥.....!*

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*Rubfila International Ltd - _BUY TP 120_*
▫️Posted record high quarterly profit of 10cr in Q3FY21 vs 3cr (+333% QoQ) which will only keep improving further with new facility being operational now.

▫️Co expected to post new record high profits in Q4FY21 soon
FY22E PAT at 62cr, which implies it trades at less than 6x Forward P/E which makes it one of the cheapest cos operating in a niche segment with virtually no competition.

▫️Track record of regular dividend payment.

▫️Rubfila is the only Indian manufacturer to manufacture both Talcum Coated and Silicon Coated Rubber threads

▫️Rubfila is the largest player in Indian market and only reliable supplier in India

▫️New factory is operational from Udumalpet in Tamil Nadu from 2020
Rubfila also produces premium products catering to highly niche' areas like toys, fishing, catheters, meat packing, medical webbing, bungee jumping cords etc.

▫️Produces threads with sizes ranging from 2.1mm (12 count) diameter to 0.28 mm (90 count) diameter.

▫️The only co in India having expertise in producing niche products for different industries which huge capacity which can be scaled further to meet ever increasing demand.

▫️Further its product are in high demand in both domestic as well as international markets.

▫️New factory in Udumalpet has world class facility which will aid the topline and bottomline along with significant margin expansions.

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*Learning and earning group*

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