S&P Dow Jones brings bitcoin, ethereum to Wall St with cryptocurrency indexes

https://economictimes.indiatimes.com/markets/forex/sp-dow-jones-brings-bitcoin-ethereum-to-wall-st-with-cryptocurrency-indexes/articleshow/82390353.cms

Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21

4 Equity Mutual Funds With Returns Of More Than 60% In 1-Year - Goodreturns https://www.goodreturns.in/amphtml/personal-finance/investment/4-equity-mutual-funds-with-returns-of-more-than-60-in-1-year-1209219.html

APOLLO PIPES: Q4 SL NET PROFIT 166M RUPEES VS 62M (YOY), 163M (QOQ)

APOLLO PIPES: Q4 REVENUE 1.74B RUPEES VS 941M (YOY)

SALES VOL 6% YOY
EBITDA UP 60% YOY


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

#Results #Tomorrow WEDNESDAY

#NiftyWaali
Tata Steel

#VaydaWaali
Adani Enterprises
Deepak Nitrite

#CashWaali
ABB Power
Adani Green
Angel Broking
Blue Dart
Ceat
Gillette Indiaa
JM Financial
Kirloskar Ferrous
Megasoft
Oracle Financial


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

CLSA on *SBI Life*: Maintains Buy call on company, raise target price at Rs 1250/Sh (Positive)

MS on *SBI Life*: Maintains Overweight call on company, target price at Rs 1275/Sh (Positive)

Nomura on *SBI Life*: Maintains Buy call on company, target price at Rs 1175/Sh (Neutral)

CLSA on *Supreme Ind*: Maintains Underweight call on company, raise target price at Rs 2150/Sh (Neutral)

CS on *SBI Life*: Maintains Neutral call on company, target price at Rs 930/Sh (Neutral)

Jefferies on *Kotak Bank*: Maintains Buy call on Bank, cut target price at Rs 2200/Sh (Neutral)

CLSA on *Kotak Bank*: Maintains Underperform call on Bank, target price at Rs 1850/Sh (Neutral)

MS on *Kotak Bank:* Maintains Equal-weight call on Bank, cut target price at Rs 1900/Sh (Negative)

HSBC on *Kotak Bank:* Maintain Reduce call on Bank, cut target price at Rs 1490/Sh (Negative)

CS on *Kotak Bank:* Maintain neutral call on Bank, target price at Rs 1680/Sh (Negative)


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*4-May: Prov Cash: Rs.crs:*
*FIIs: -1772.37* (5849.01-7621.38)
*DIIs: +987.34* (4952.60-3965.26)


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

US TREASURY SECRETARY YELLEN: INTEREST RATES CAN RISE SLIGHTLY AS A CONSEQUENCE OF REALLOCATION.

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Manipal takes over Columbia Asia, emerges second largest healthcare chain

https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/manipal-takes-over-columbia-asia-emerges-second-largest-healthcare-chain/articleshow/82324255.cms

Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21

*Larsen & Toubro Infotech Ltd.* | *CMP* Rs. 3847 | *M Cap* Rs. 67227 Cr | *52 W H/L* 4500/1385
(Nirmal Bang Retail Research)
*Result is marginally ahead of expectation*
CC QoQ came at 4.4% vs expectation of 4%, QoQ 5.3%, YoY 4.7%
Dollar revenue came at $ 447.4 Mn,(4.6% QoQ, 9.1% YoY) vs expectation of $ 447 Mn, QoQ $ 427.8 Mn, YoY $ 409.9 Mn
Net sales came at Rs. 3269.4 Cr (3.7% QoQ, 8.5% YoY) vs expectation of Rs. 3266 Cr, QoQ Rs. 3152.8 Cr, YoY Rs. 3011.9 Cr
EBIT came at Rs. 632.9 Cr (-2.7% QoQ, 21.4% YoY) vs expectation of Rs. 616.4 Cr, QoQ Rs. 650.2 Cr, YoY Rs. 521.3 Cr
EBIT Margin came at 19.4% vs expectation of 18.9%, QoQ 20.6%, YoY 17.3%
Adj. PAT came at Rs. 545.7 Cr vs expectation of Rs. 497.4 Cr, QoQ Rs. 518.7 Cr, YoY Rs. 444.7 Cr
Quarter EPS is Rs. 31.2
Stock is trading at P/E of 30.3x FY22E EPS


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Bulk Deal as on 04-05-21

Bajaj Hindustan Sugar
- 65.02 Lk @ 9.01 Abdul Azees

Dwarikesh Sugar
- 12 Lk @ 48.03 VLS Finance Ltd

Kothari Sugar
- 4.39 Lk @ 32.34 Mt Corporation

Magma Fincorp
+ 42.50 Lk @ 111.05 Aditya Birla Sun Life Mutual Fund
+ 17.90 Lk @ 111.05 Kuwait Investment authority
+ 50 Lk @ 111.05 Nippon India Mutual Fund
+ 33.37 Lk @ 113 SMC Real Estate Advisor Pvt Ltd
+ 14.75 Lk @ 116.4 Mansi Share & Stock Advisor Pvt Ltd
+ 11.31 Lk @ 116.7 Db Int Own Trading
- 1.51 Crore @ 115.13 Lavender Investment
Ltd
- 2.33 Crore @ 111.06 True North Fund V Llp

Uttam Sugar
- 1.99 Lk @ 145.18 Rohan S hegde


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

FII and DII Trading activities as on 04May2021
FII F&O (Net)+2693.65Cr
FII INDEX FUTURES-287.6Cr
FII INDEX OPTIONS+1870.22Cr
FII STOCK FUTURES+1178.02Cr
FII STOCK OPTIONS-66.99Cr
FII CASH-1772.37Cr
DII CASH+987.34Cr


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*Greaves Cotton Ltd.* | *CMP* Rs. 143 | *M Cap* Rs. 3306 Cr | *52 W H/L* 158/66
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 520.4 Cr (5.2% QoQ, 34.8% YoY) vs QoQ Rs. 494.6 Cr, YoY Rs. 386.2 Cr
EBIDTA came at Rs. 41.6 Cr (-15.3% QoQ, 76.2% YoY) vs QoQ Rs. 49.1 Cr, YoY Rs. 23.6 Cr QoQ (lower EBITDA is on account of higher losses in E Mobility though revenue grew 19% QoQ)
EBITDA Margin came at 8% vs QoQ 9.9%, YoY 6.1%
Adj. PAT came at Rs. 13.2 Cr vs QoQ Rs. 24.8 Cr, YoY Rs. 5.6 Cr Lower PAT is on account of higher Tax
Quarter EPS is Rs. 0.6
Share is trading at P/E of 21.8x FY22E EPS

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*Alembic Pharma – Q4FY21 Concall Update – Nirmal Bang Sec.*
*Outlook – Neutral for near term*
*_The company is guiding for Rs 50 EPS for FY22 against Rs 60.8 in FY21 due to US coming off from high base and new facilities are likely to start contributing by 2HFY22 at the earliest. With this background we believe the stock is likely to be range bound in near term_*

The stock is trading at 20xFY22E consensus earnings

• Capex for the quarter was Rs 178 cr and for Rs 687 cr for FY21; going forward there would be maintenance capex as major project related capex is over – could be in the range of Rs 500 -600 cr
• Financial assistance for Aleor for the quarter is Rs 20 cr and for the year is Rs 145 cr
• Borrowings – gross Rs 500 cr; net debt Rs 208 cr vs 1674 cr in FY20

*_International Business_*
• Witnessed all around growth – API, US, ex US
• New General Injectible plant – was inspected in Feb and the company received 5 inspections which as per the management are procedural in nature
• Sartans prices have come down due to higher competition however overall the lucrative opportunity lasted much more than the company had anticipated resulting in strong cash flows
• R&D for the quarter was Rs 195 cr (15% of sales) and for the year it was Rs 670 cr 12% of sales
• Filed 29 ANDAs in FY21; Received 4 approvals during the quarter; launched 3 products in Q4 and 16 for FY21; *for FY22 – it is likely to launch 15 products*
• US Generics’s revenues grew by 18% to Rs 475 cr during the quarter and Ex-USA generics continued the growth to 77% to Rs 233 cr for the quarter mainly due to weak quarter last year. *For FY22 the ex-US business is likely to grow 10-15%*
• API business grew by 38% to Rs 214 cr
• For US generics, the new base is $50-60mn quarterly run rate against earlier of $70-75 mn due to decline in prices of Sartans
• *So going forward overall US business would see a decline to muted growth*
• API – 1st half was more robust due to disruption in supplies from China which was normalised in 2H. – *API business is likely to grow by 10% in FY22*
• *Maintain Rs 50 EPS guidance for FY22 (against Rs 60.8 in FY21)*
• Expect acute growth to come back in FY22 though still early to say


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*RBL Bank Q4FY21 Concall Update*
(Nirmal Bang Securities)

*# Asset quality remains under pressure; improvement expected from H2FY22*
*# Retailisation of portfolio continues; Retail mix at 59% vs 53% last year*

*Outlook: Neutral*

• Slippages remained elevated at Rs. 1439 Cr vs QoQ Rs. 1470 Cr with slippage ratio of 9.8% vs QoQ 10.4%.
• FY21 slippages were at 3148 Cr. Credit Cards 1300 Cr; MFI 390 Cr; Retail 800 Cr; Wholesale 600 Cr.
• Strategy of the bank is to reduce exposure to unsecured mix (specifically Personal loans /some SME/some wholesale) by 5-7% in coming years. These products would be scaled down while new retail products like Gold, affordable housing will grow faster.
• BBB portfolio has declined to 16.8% vs QoQ 18.3% & YoY 20.7%
• BB & Below portfolio has declined to 5.7% vs QoQ 6.5% & YoY 6.5%
• Over last 18 months, incremental lending has largely been to A and above
• Restructuring book has increased to 1.4% from QoQ 0.9%, in line with previous guidance.
• Gross NPA came at Rs. 2602 Cr vs QoQ Rs. 2610 Cr at 4.34% vs QoQ 4.57%
• Net NPA came at Rs. 1241 Cr vs QoQ Rs. 1408 Cr at 2.12% vs QoQ 2.52%
• Provisions came at Rs. 767 Cr (5.3%) vs QoQ Rs. 610 Cr (4.2%), YoY Rs. 614 Cr (4.4%)
• Co has taken 50% provisioning in all unsecured slippages instead of the normal 25%.
• Bank believes credit costs will normalize from H2FY22 to pre pandemic levels.
• Plan to take PCR to above 60% in FY22 from 52% today.
• Credit Cost (21% mix): Market share has remained stable at 4.7%. Restructured loans are at 2.2%. GNPA is at 5.5%. Credit cost for the year was 10.5% and would remain elevated until covid prevails (next few qtrs).
• MFI (12% mix): CE is at 97% vs QoQ 93%. Barring 3-4 troubled states (where bank has stopped disbursements), CE is at pre-covid levels. Bank is targeting to cross sell gold/2W loans to the large customer count in MFIs. Loan growth was at 6% YoY. Half of the book was created post Covid. GNPA is at 3.67% vs QoQ 5-5.5%. 30 DPD book is at 7%.
• Advances grew to 1% YoY & 4% QoQ and stood at Rs. 58,623 Cr. Retail book (59% mix) grew by 13% YoY while wholesale (41% mix) declined by 12% YoY.
• Wholesale book will grow in single digits in longer term.
• NIM was flat QoQ at 4.2% (YoY 4.9)%. They were subdued due to reversal of interest income on higher slippages and higher liquidity. They are expected to normalize to 4.75% levels from H2FY22.

Share is trading at P/E of 9.3x FY22E EPS & 0.8x trailing P/Adj. BV


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*Procter & Gamble Hygiene & Health Care Ltd.* | *CMP* Rs. 13811 | *M Cap* Rs. 44832 Cr | *52 W H/L* 14122/9691
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 759.7 Cr (-25.4% QoQ, 15.8% YoY) vs expectation of Rs. 874.5 Cr, QoQ Rs. 1018.4 Cr, YoY Rs. 656.1 Cr
EBIDTA came at Rs. 136.3 Cr (-60.2% QoQ, 9.5% YoY) vs expectation of Rs. 207.5 Cr, QoQ Rs. 342.4 Cr, YoY Rs. 124.5 Cr
EBITDA Margin came at 17.9% vs expectation of 23.7%, QoQ 33.6%, YoY 19%
Adj. PAT came at Rs. 98.3 Cr vs expectation of Rs. 153.7 Cr, QoQ Rs. 250.6 Cr, YoY Rs. 91.1 Cr
Quarter EPS is Rs. 30.3
Share is trading at P/E of 66.7x TTM EPS


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*Home First Finance Co Ltd. Q4FY21 Con-Call Update*
(Nirmal Bang Retail Research)
*Business growth with a keen focus on asset quality and profitability.*
Outlook: Positive in Long Term

• AUM for Q4FY21 grew by 14.4% YoY to Rs. 4141 Cr as against Rs. 3618 Cr YoY with sharp focus on housing loans that contribute 92.4% of AUM and EWS/LIG category that forms 75% of the customer base
• Housing Loan remained at 91% mix and Salaried 74% mix. 30% + mix to new to credit customers
• Disbursement is at Rs. 452 Cr with a growth of 30.4% from 346.5 Cr YoY and 29.5% at Rs. 348.8 Cr QoQ
• April month disbursements runrate was at 75% of normal and April bounce rate was 16.25% and was better than March Bounce rate is likely to increase in May
• The collection efficiency has improved to 98.5% for Mar’21 as against 97.6% Dec’20 with zero restructuring.
• Cost of borrowings reduced further to 7.4% in Q4FY21 as against 8% on a QoQ basis.
• ECL provision as on Mar'21 is INR 46 Crs; resulting in total provision to loans outstanding ratio at 1.4%; and the Stage 3 provision coverage ratio is at 74.4%
• Asset quality stood at 1.8% Gross stage 3 and 1.2% Net stage 3. The stage 3 numbers to remain constant/ same range in the coming quarters.
• Spread on loans stood at 5% in FY21 compared to 4.1% as of FY20. Q4 FY21 stood at 5.4% vs 4.5% in Q4 FY20 and 5.0% in Q3 FY21 Spreads should be retained at 4.75% in long term
• On book AUM is 81% and is expected to reduce to 70% going ahead as the company sees benefits in Direct Assignment.
• Opex/Assets will be between 3-3.5% in FY22 and then gradually decline.
• 1+ DPD is at 6.2% vs QoQ 7.5% vs normal range around 3.5% of which 30% spills into GNPA. 30+ DPD is at 4.1%, same as on Q3. (2.0% in FY20 & 1.7% in FY19). Generally, 50% of 30+ DPD spills to GNPA. On DPD front, Maharashtra is the worst affected
• Currently one branch does business of around d Rs. 55 Cr and the aim is to increase it to over Rs. 100 Cr
Share is trading at 3.1x trailing P/BV. https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Hindustan Aeronautics Limited (HAL) and Rolls-Royce have signed an MoU to establish packaging, installation, marketing and services support for Rolls-Royce MT30 marine engines in India. Through this MoU. Rolls-Royce and HAL will expand their long-standing partnership in India and work together in the area of marine applications for the first time. Positive


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Treasury Sec. Yellen:
- President Biden is addressing long-standing problems in the US economy
- These problems have festered for too long
- High price tags will be spread out over years
- Not all spending will be deficit spending
- Uncollected taxes amount to $7 trillion over a decade
- Reallocation may result in some small increases in interest rates
- Rates may have to rise to stop economy from overheating
*DOLLAR SUPPORTIVE*

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*IIFL Securities Ltd.* | *CMP* Rs. 54 | *M Cap* Rs. 1636 Cr | *52 W H/L* 66/29
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 238.1 Cr (18.4% QoQ, 21.2% YoY) vs QoQ Rs. 201.1 Cr, YoY Rs. 196.5 Cr
EBIDTA came at Rs. 98.4 Cr (29.4% QoQ, 14.4% YoY) vs QoQ Rs. 76.1 Cr, YoY Rs. 86 Cr
EBITDA Margin came at 41.3% vs QoQ 37.8%, YoY 43.8%
Adj. PAT came at Rs. 77.3 Cr vs QoQ Rs. 50.6 Cr, YoY Rs. 37.3 Cr
Quarter EPS is Rs. 2.6
Share is trading at P/E of 7.4x TTM EPS

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*💥 5th May - RESULTS💥*

📍TATA STEEL LTD.
📍ADANI ENTERPRISES
📍DEEPAK NITRITE
📍ABB Power Products and Systems India
📍Adani Green Energy
📍Angel Broking
📍BLUE DART EXPRESS
📍CEAT
📍Craftsman Automation
📍CORAL INDIA FINANCE & HOUSING
📍Gillette INDIA
📍JM FINANCIAL
📍KIRLOSKAR FERROUS INDUSTRIES
📍MEGASOFT
📍ORACLE FINANCIAL SERVICES SOFTWARE
📍Shalby

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*