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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YouTube
Mr. Krishnan Venkatachary, CFO, Cigniti Technologies In Conversation With Ms. Hiral Dadia
Q4 Review Here are our social media handles. Request you to follow us and stay connected for more updates:LinkedIn: https://www.linkedin.com/company/nirmal-b...
*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)
(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
(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.
*_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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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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All the posts appearing in the channel are only for educational and informational purposes.
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All the posts appearing in the channel are only for educational and informational purposes.
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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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*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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▫️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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All the posts appearing in the channel are only for educational and informational purposes.
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*RAIN IND* : *_The EV Play_*
Possible100% Returns
🎯 It's Advanced Materials sector is well positioned to serve a growing global Electric Vehicle market through PETRORES, a product used in Energy storage _*applications such as Lithium-ion Batteries*_
RAIN Vs HEG
😧HEG sales 2200 Cr and mcap 5400 Cr
😳RAIN sales 12000 cr and mcap 5400 Cr
✅ Remember ATH for Rain was 475. With CPC CTP prices nearing its ATH and Cement segment also doing extremely well, it is possible that Rain Ind will again reclaim its ATH
🖐️ Possible that Rain Ind showers wealth rain ( like Kanchi Karpooran)
Fwd
Note: Kanchi Karpooram was advised by Denofwealth at 450 in 2021
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Possible100% Returns
🎯 It's Advanced Materials sector is well positioned to serve a growing global Electric Vehicle market through PETRORES, a product used in Energy storage _*applications such as Lithium-ion Batteries*_
RAIN Vs HEG
😧HEG sales 2200 Cr and mcap 5400 Cr
😳RAIN sales 12000 cr and mcap 5400 Cr
✅ Remember ATH for Rain was 475. With CPC CTP prices nearing its ATH and Cement segment also doing extremely well, it is possible that Rain Ind will again reclaim its ATH
🖐️ Possible that Rain Ind showers wealth rain ( like Kanchi Karpooran)
Fwd
Note: Kanchi Karpooram was advised by Denofwealth at 450 in 2021
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Buy Cupid Ltd TP 450. Only mfr of ladies contraceptives. Deeply undervalued. Cheapest medical device stock
https://edition.cnn.com/2021/04/30/business/condoms-durex-trojan-sex/index.html?utm_source=twCNN&utm_content=2021-04-30T14%3A47%3A31&utm_term=link&utm_medium=social
https://edition.cnn.com/2021/04/30/business/condoms-durex-trojan-sex/index.html?utm_source=twCNN&utm_content=2021-04-30T14%3A47%3A31&utm_term=link&utm_medium=social
CNN
People are ready to have sex again: Condom sales are surging
Condom sales have been in a slump during the pandemic as people sheltered at home and put their sex life on hold. But now, as more Americans are getting vaccinated and Covid-19 safety restrictions are loosening, condom makers are no longer having trouble…
*Den of Wealth Snippets*
Few of our calls over last 2 weeks ( yes weeks, not months) have done exceptionally well
*Kwality Pharma* 54 to 100
🚀+85% Returns (5 days)
*Samrat Pharma* 140 to 263
🚀+88% Returns (10 days)
*Rana Sugar* 9.5 to 14+
🚀+50% Returns (10 days)
*Magadh Sugar* 131 to 173
🚀+32% Returns (2 days)
*Sportking* 930 to 1400
🚀+51% Returns (15 days). Original recommendation @ 392
🚀 *Filatex* 70 to 93
+33% Returns (3 days)
While these calls continue to do exceptionally well, we gave many more calls which have performed exceptionally well (couldn't populate all due to paucity of time)
Many more bumper calls and stock picks coming your way.
Keep your money chest ready🔥
FRESH IDEAS. UNIQUE VISION. UNPARALLELED TRACK RECORD.
Many of our other calls suggested during last quarter earnings have delivered 50-200% returns so far. As price goes up, low volume stocks witness big big volumes
_*Remember Patience always pays off*_
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Few of our calls over last 2 weeks ( yes weeks, not months) have done exceptionally well
*Kwality Pharma* 54 to 100
🚀+85% Returns (5 days)
*Samrat Pharma* 140 to 263
🚀+88% Returns (10 days)
*Rana Sugar* 9.5 to 14+
🚀+50% Returns (10 days)
*Magadh Sugar* 131 to 173
🚀+32% Returns (2 days)
*Sportking* 930 to 1400
🚀+51% Returns (15 days). Original recommendation @ 392
🚀 *Filatex* 70 to 93
+33% Returns (3 days)
While these calls continue to do exceptionally well, we gave many more calls which have performed exceptionally well (couldn't populate all due to paucity of time)
Many more bumper calls and stock picks coming your way.
Keep your money chest ready🔥
FRESH IDEAS. UNIQUE VISION. UNPARALLELED TRACK RECORD.
Many of our other calls suggested during last quarter earnings have delivered 50-200% returns so far. As price goes up, low volume stocks witness big big volumes
_*Remember Patience always pays off*_
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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
QUICK NOTE
Buy Jindal polyfilm Ltd CMP 710-740
(52wk high: 935)
Short Term Target: 1000+
BOPP BOPET margins showing growth every quarter and expecting big growth in Q4 as well. Stock lying low only because of some fund/institution selling. Outlook for packaging sector also very bright for at least next 2 years. One of the cheapest packaging stock. 9m eps of ₹131😳. Full year EPS can be ₹180-200 (i.e. stock trading at only 3.5-4 PE). With such performance, stock bound to re rate. Just BUY
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Buy Jindal polyfilm Ltd CMP 710-740
(52wk high: 935)
Short Term Target: 1000+
BOPP BOPET margins showing growth every quarter and expecting big growth in Q4 as well. Stock lying low only because of some fund/institution selling. Outlook for packaging sector also very bright for at least next 2 years. One of the cheapest packaging stock. 9m eps of ₹131😳. Full year EPS can be ₹180-200 (i.e. stock trading at only 3.5-4 PE). With such performance, stock bound to re rate. Just BUY
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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
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TWIN TECHNICALS
✅Indian Sucrose Ltd Cmp 29.35 Resitance Zone 29-31 Above that, Target~ 38/43. Ethanol story can take this to blue open sky. Ride the tide Stop Loss~ 27 cl basis. Low risk High reward
Promising sugar stock as mcap just 8% of Annual Sales
✅Super Hot buy Orient Cement cmp 111 Add more above 115. Immediate tgt 128/135. Stop Loss~ 105 cl basis. Do not miss. Set up is fantabulous. Q4 NP can be ATH for rerating of stock
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✅Indian Sucrose Ltd Cmp 29.35 Resitance Zone 29-31 Above that, Target~ 38/43. Ethanol story can take this to blue open sky. Ride the tide Stop Loss~ 27 cl basis. Low risk High reward
Promising sugar stock as mcap just 8% of Annual Sales
✅Super Hot buy Orient Cement cmp 111 Add more above 115. Immediate tgt 128/135. Stop Loss~ 105 cl basis. Do not miss. Set up is fantabulous. Q4 NP can be ATH for rerating of stock
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All the posts appearing in the channel are only for educational and informational purposes.
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All the posts appearing in the channel are only for educational and informational purposes.
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CUPID LIMITED: BUY TP 450
*Rationale for Recommendation*
🎯 Low Equity Base & DEBT FREE.
🎯 Liquid Cash of ₹72 crores incl. ₹67.26 crores in Funds (as on Dec 4) & ₹4.51 crores of Fixed Deposits. Equivalent to ₹54 per share. Effective stock price is ₹197.
🎯 More than 20 years’ experience. In-house R&D Center. Contract manufacturing (OEM).
🎯 First company in the World to have been prequalified by WHO-UNFPA for supply of both Male & Female condoms. Exported condoms to 80+ countries.
🎯 Cupid’s manufacturing facility is designed to facilitate world-class manufacturing of quality products with Hitech German Technology Dipping Line as per GMP guidelines.
🎯 *Cupid’s confirmed order book stands at approx. ₹120 crores as on Oct 1, 2020.*
🎯 Cupid’s board has considered and approved the Service Provider and License Agreement between Cupid Limited and Invex Health Private Limited for *manufacturing of Medical Devices including various testing kits/diagnosing kits by Cupid Limited.*
⭕ *Cheapest Medical Devices stock in peer group PE is 45+ whereas Cupid is trading at 8.4x (FY20), 7.63 (FY21E) and 6.32x (FY22E).*
_*“During 2019-20, Cupid commenced export of female condoms to Brazil and also exported male condoms to Tanzania and South Africa. The order from Brazil is by far the largest single order Cupid has received in its 27 years history. Our continued focus on penetrating new geographies enabled us to win exports orders from 8 new countries through UNFPA. Till date, the Company has sold its products to over 80 countries worldwide.*_
*Products & Capacity*
Cupid’s manufacturing facility is located at Sinnar near Nashik, about 200 km East of Mumbai.
♀️ *Male condoms*, _480 million pieces per annum._
♀️ *Female condoms*, _52 million pieces per annum._
♀️ *Water Based Lubricant Jelly*, _210 million sachets per annum._
♀️ *Clean & Safe Hand Sanitizer.*
♀️ *Clean & Safe Hair Remover.*
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*Rationale for Recommendation*
🎯 Low Equity Base & DEBT FREE.
🎯 Liquid Cash of ₹72 crores incl. ₹67.26 crores in Funds (as on Dec 4) & ₹4.51 crores of Fixed Deposits. Equivalent to ₹54 per share. Effective stock price is ₹197.
🎯 More than 20 years’ experience. In-house R&D Center. Contract manufacturing (OEM).
🎯 First company in the World to have been prequalified by WHO-UNFPA for supply of both Male & Female condoms. Exported condoms to 80+ countries.
🎯 Cupid’s manufacturing facility is designed to facilitate world-class manufacturing of quality products with Hitech German Technology Dipping Line as per GMP guidelines.
🎯 *Cupid’s confirmed order book stands at approx. ₹120 crores as on Oct 1, 2020.*
🎯 Cupid’s board has considered and approved the Service Provider and License Agreement between Cupid Limited and Invex Health Private Limited for *manufacturing of Medical Devices including various testing kits/diagnosing kits by Cupid Limited.*
⭕ *Cheapest Medical Devices stock in peer group PE is 45+ whereas Cupid is trading at 8.4x (FY20), 7.63 (FY21E) and 6.32x (FY22E).*
_*“During 2019-20, Cupid commenced export of female condoms to Brazil and also exported male condoms to Tanzania and South Africa. The order from Brazil is by far the largest single order Cupid has received in its 27 years history. Our continued focus on penetrating new geographies enabled us to win exports orders from 8 new countries through UNFPA. Till date, the Company has sold its products to over 80 countries worldwide.*_
*Products & Capacity*
Cupid’s manufacturing facility is located at Sinnar near Nashik, about 200 km East of Mumbai.
♀️ *Male condoms*, _480 million pieces per annum._
♀️ *Female condoms*, _52 million pieces per annum._
♀️ *Water Based Lubricant Jelly*, _210 million sachets per annum._
♀️ *Clean & Safe Hand Sanitizer.*
♀️ *Clean & Safe Hair Remover.*
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Economic Times
Business Standard
Ø RBI Governor meets MDs, CEOs of NBFC-Micro Finance institutions
Ø Recovery path for several sectors delayed due to second Covid wave: India Ratings
Ø WHO seeks to fill COVID-19 vaccine gap left by India suspending exports
Ø Bajaj Auto sells 1,34,471 units in domestic market in April
Ø Motherson Sumi acquires Bombardier's electrical wiring business
Ø OPEC's share of Indian oil imports plunges to 2 decade low: Trade sources
Ø RBI imposes Rs 3 cr fine on ICICI Bank for violating certain rules
Ø YES Bank's capital requirement for current fiscal pegged at Rs 7,500 cr
Ø JSW Energy signs PPA for 540 MW of wind power projects
Ø IDBI Bank Q4 net profit jumps 278% to Rs 512 crore; NII rises 38%
Ø Kotak Mahindra Bank's consolidated net profit rises 36% in Q4FY21
Ø Fidelity halves valuation of Ant Group after Chinese crackdown: Report
Business Line
Mint
Ø CII calls for curbs on economic activity to contain Covid spread
Ø Income Tax Dept sets threshold for significant economic presence
Ø April factory activity improves and output prices soar amid Covid blues
Ø Sugar mills get orders to supply 302 cr litres of ethanol
Ø Demand for pre-owned two-wheelers up 20% YoY: OLX Autos
Ø HomeFirst Finance Q4 net profit surges 151%
Ø L&T Tech reports Q4 net profit at ₹194.5 crore; recommends ₹14.5/sh dividend
Ø Uday Kotak bats for central bank balance sheet expansion to fight covid
Ø Sebi eases timelines for compliance with requirements by debenture trustees
Ø Limited store hours may impact availability of FMCG goods
Ø PowerGrid InvIT sails through with 4.83 times subscription
Ø Growth of 6% in corporate revenue projected in FY22: Ind-Ra
Financial Express
Business World
Ø 75 lakh people lose jobs in April as lockdowns sprout; unemployment at a 4-month high: CMIE chief
Ø Gas-based power plants want relaxed bidding norms for ONGC tender
Ø Sensex Recovers 690 Points, Ends Lower By 64 Points
Ø Kerala Housing Finance Case: Sebi To Auction Property On June 4
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*Learning and earning group*
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Business Standard
Ø RBI Governor meets MDs, CEOs of NBFC-Micro Finance institutions
Ø Recovery path for several sectors delayed due to second Covid wave: India Ratings
Ø WHO seeks to fill COVID-19 vaccine gap left by India suspending exports
Ø Bajaj Auto sells 1,34,471 units in domestic market in April
Ø Motherson Sumi acquires Bombardier's electrical wiring business
Ø OPEC's share of Indian oil imports plunges to 2 decade low: Trade sources
Ø RBI imposes Rs 3 cr fine on ICICI Bank for violating certain rules
Ø YES Bank's capital requirement for current fiscal pegged at Rs 7,500 cr
Ø JSW Energy signs PPA for 540 MW of wind power projects
Ø IDBI Bank Q4 net profit jumps 278% to Rs 512 crore; NII rises 38%
Ø Kotak Mahindra Bank's consolidated net profit rises 36% in Q4FY21
Ø Fidelity halves valuation of Ant Group after Chinese crackdown: Report
Business Line
Mint
Ø CII calls for curbs on economic activity to contain Covid spread
Ø Income Tax Dept sets threshold for significant economic presence
Ø April factory activity improves and output prices soar amid Covid blues
Ø Sugar mills get orders to supply 302 cr litres of ethanol
Ø Demand for pre-owned two-wheelers up 20% YoY: OLX Autos
Ø HomeFirst Finance Q4 net profit surges 151%
Ø L&T Tech reports Q4 net profit at ₹194.5 crore; recommends ₹14.5/sh dividend
Ø Uday Kotak bats for central bank balance sheet expansion to fight covid
Ø Sebi eases timelines for compliance with requirements by debenture trustees
Ø Limited store hours may impact availability of FMCG goods
Ø PowerGrid InvIT sails through with 4.83 times subscription
Ø Growth of 6% in corporate revenue projected in FY22: Ind-Ra
Financial Express
Business World
Ø 75 lakh people lose jobs in April as lockdowns sprout; unemployment at a 4-month high: CMIE chief
Ø Gas-based power plants want relaxed bidding norms for ONGC tender
Ø Sensex Recovers 690 Points, Ends Lower By 64 Points
Ø Kerala Housing Finance Case: Sebi To Auction Property On June 4
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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Stocks To Watch
ICICI Bank: RBI has imposed a Rs 3 crore penalty on the bank for contravention of prudential norms for classification, valuation and operation of the investment portfolio of banks. RBI found contravention of norms in an instance where the bank shifted securities from one category to another.
JSW Steel: The company's unit JSW Renew Energy has signed a power purchase agreement with Solar Energy Corporation of India for 540 MW of blended wind capacity out of a total awarded capacity of 810 MW. JSW Future Energy had in September 2020 received contracts for 810 MW wind capacity after a competitive bidding process from SECI for setting up 2500 MW ISTS-connected Blended Wind Power Projects.
Motherson Sumi Systems: Motherson Rolling Stocks, a subsidiary of the company, has completed the acquisition of assets and activities of Electrical Wiring Interconnection Systems performed at Bombardier Transportation’s manufacturing site in Huehuetoca, Mexico.
Nava Bharat Ventures: Has entered into a binding agreement for the sale of plant and equipment, excluding land, pertaining to the sugar division of the company situated at Samalkot in Andhra Pradesh.
Zuari Agro: Says shutdown ammonia and urea plants for annual maintenance effective May 3
Bafna Pharmaceuticals: Says UK MHRA approves newly added packaging lines
Nifty Earnings: Adani Ports & Special Economic
Non-Nifty Earnings: Adani Total Gas Ltd., Alembic Pharmaceuticals Ltd., DCM Shriram Ltd., Greaves Cotton Ltd., IIFL Securities, Larsen & Toubro Infotech Ltd., Procter & Gamble Hygiene, RBL Bank Ltd. and Suven Life Sciences Ltd
https://t.me/marketswizard
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*Knowledge Enhancement Group*
ICICI Bank: RBI has imposed a Rs 3 crore penalty on the bank for contravention of prudential norms for classification, valuation and operation of the investment portfolio of banks. RBI found contravention of norms in an instance where the bank shifted securities from one category to another.
JSW Steel: The company's unit JSW Renew Energy has signed a power purchase agreement with Solar Energy Corporation of India for 540 MW of blended wind capacity out of a total awarded capacity of 810 MW. JSW Future Energy had in September 2020 received contracts for 810 MW wind capacity after a competitive bidding process from SECI for setting up 2500 MW ISTS-connected Blended Wind Power Projects.
Motherson Sumi Systems: Motherson Rolling Stocks, a subsidiary of the company, has completed the acquisition of assets and activities of Electrical Wiring Interconnection Systems performed at Bombardier Transportation’s manufacturing site in Huehuetoca, Mexico.
Nava Bharat Ventures: Has entered into a binding agreement for the sale of plant and equipment, excluding land, pertaining to the sugar division of the company situated at Samalkot in Andhra Pradesh.
Zuari Agro: Says shutdown ammonia and urea plants for annual maintenance effective May 3
Bafna Pharmaceuticals: Says UK MHRA approves newly added packaging lines
Nifty Earnings: Adani Ports & Special Economic
Non-Nifty Earnings: Adani Total Gas Ltd., Alembic Pharmaceuticals Ltd., DCM Shriram Ltd., Greaves Cotton Ltd., IIFL Securities, Larsen & Toubro Infotech Ltd., Procter & Gamble Hygiene, RBL Bank Ltd. and Suven Life Sciences Ltd
https://t.me/marketswizard
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https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Trading Tweaks
Ex-Date Interim Dividend: Gateway Distriparks
Price Band Revised From 10% To 5%: Shree Renuka Sugars
Price Band Revised From 20% To 10%: Ashapura Minechem, Avadh Sugar and Energy, Reliance Infrastructure, Uttam Sugar Mills
Move Into Short-Term ASM Framework: The Investment Trust Of India, Filatex India, Reliance Infrastructure, Uttam Sugar Mills
Move Out Of Short-Term ASM Framework:Nectar Lifesciences
Move Into ASM Framework: Balrampur Chini Mills
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Ex-Date Interim Dividend: Gateway Distriparks
Price Band Revised From 10% To 5%: Shree Renuka Sugars
Price Band Revised From 20% To 10%: Ashapura Minechem, Avadh Sugar and Energy, Reliance Infrastructure, Uttam Sugar Mills
Move Into Short-Term ASM Framework: The Investment Trust Of India, Filatex India, Reliance Infrastructure, Uttam Sugar Mills
Move Out Of Short-Term ASM Framework:Nectar Lifesciences
Move Into ASM Framework: Balrampur Chini Mills
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https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
Telegram
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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Pledge Share Details
Elecon Engineering: Promoter Emtici Engineering created a pledge of 75 lakh shares on April 30.
Emami: Promoter Sneha Gardens revoked the pledge of 10.39 lakh shares between April 29-30. Promoter Sneha Enclave created a pledge of 9.30 lakh shares on April 28.
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*Learning and earning group*
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*Knowledge Enhancement Group*
Elecon Engineering: Promoter Emtici Engineering created a pledge of 75 lakh shares on April 30.
Emami: Promoter Sneha Gardens revoked the pledge of 10.39 lakh shares between April 29-30. Promoter Sneha Enclave created a pledge of 9.30 lakh shares on April 28.
https://t.me/marketswizard
*Learning and earning group*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
Telegram
Market Wizard
FREE FINANCIAL EDUCATIONAL CHANNEL
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!