1. *Bangladesh: Lowest 24 hour COVID death toll in more than a month, restrictions extended till May 16*. Bangladesh reported the lowest daily death toll due to COVID 19 in the last 32 days on Wednesday as 50 people died in the country over the last 24 hours. This is the lowest death toll since April 2. The death toll in Bangladesh due to COVID 19 now stands at 11755.

2. The US government has approved a major solar energy project in the California desert that will be capable of powering nearly 90,000 homes

3. Mexico: 20 killed as railway overpass collapses onto busy road in Mexico City.

4. US Tracking China's 'Out-Of-Control' Rocket Set To Re-Enter Earth
The Chinese rocket is expected to enter Earth's atmosphere around May 8 and US Space Command is tracking the rocket's trajectory amid concerns about where its debris may make an impact.

*🚣🚴🏇🏁🏊Sports:*

1. *BCCI suspends IPL 2021 indefinitely after four players test positive for COVID-19.*

2. The Indian men’s hockey team’s preparations for the Tokyo Olympic Games suffered a major blow today as its upcoming FIH Pro League away matches against Spain and Germany were postponed due to “international travel restrictions”.

3. While India were supposed to play Spain on May 15 and 16, their matches against Germany were scheduled on May 22 and 23.
International Hockey Federation (FIH) expressed sympathy to the Indian hockey community, as well as their families and friends in times of Covid.

*USD 73.77 💷GBP 102.64*
_In Leh (UT)_
*🥇Gold ₹48,890@10 gm 24 (Krt)*
🥈 *Silver ₹72,660@ Kg*
⛽ *Petrol ₹ 87.32*
⛽ *Diesel ₹ 79.77*

*LPG : ₹ 818/14.2 Kg*

*BSE Sensex* 48,677.55
*NIFTY* : 14,617.85

*🇮🇳Facts about India🇮🇳*

Leh, was the capital of the Himalayan kingdom of Ladakh, now the Leh District in the Indian State of Jammu and Kashmir. Leh District, with an area of 45,110 km², is the second largest district in the country, after Kutch, Gujarat. Leh is at an altitude of 3524 metres, and connects via National Highway 1D to Srinagar in the southwest and to Manali in the south via Leh-Manali Highway

*😀Thought of the day*

A Generous Heart does not store
the Mistakes of Others

*Joke of the day*

*Pappu to Son* : "maths mein fail kyow huwa"..

*Son* : 1st day teacher said 5+3=8..
Agle din 6+2=8..
fir 4+4=8
fir 7+1=8
Next 8+0=8
ullu ki pathi khud confuse hai mujhe kya padheygi..:-)😆😝

💁🏻‍♂️ *GK Today*

Longest river - Nile (Egypt)
Longest road - Pan American Highway

*😳Why❓❓❓*

*why lord shiva wear snake in his neck..?*

After the Samudra manthan and before the immortalizing Amrita  came out. There were a number of things that came along with it one of them being Halahala, a lethal poison. This terrified the gods and demons because the poison was so powerful that it could destroy all of creation. Then the gods approached Shiva for protection. Shiva, being the daring God that he is, consumed the poison in an act to protect the universe, and his wife Parvati grabbed Shiva's throat in an effort to prevent him from swallowing the poison, which was the most deadly poison in existence, harmful even to a god. As a result, Shiva's throat turned blue. For this reason, Lord Shiva is also called Neelakantha (the blue-throated one; "neela" = "blue", "kantha" = "throat" in Sanskrit). As it is not feasible even for a goddess to hold on to anyone's neck forever. It is believed that she tied the snake around his neck, so as to prevent him from swallowing the Poison.

Snakes are meant to be dangerous reptile and is feared by many of us. Lord Shiva show us that he controls fear and death by wearing snake as ornament.

It is also said that the snake three rounds around Lord Shiva's neck depicts future, present and past. That states that Lord Shiva is Independent of Time and controls time.

*LEARN Sanskrit*🙏🏻

*उपनेत्र* = upanetra = spectacles

🤔 *How it works* ⁉

*HOW DOES A FAN REGULATOR WORK?*

Add few drops of freshly squeezed lemon juice and apply this on the acne. Once it dries off, rinse the paste with water and pat dry.

These elements help in preventing blackheads. Generally, people with oily skin have experienced blackheads more often. Using tulsi for blackheads is much simpler. First, wet the top side of the basil leaf and gently place it on the concerned areas. Remove it after 5 minutes and wash it off. This process will curb blackheads from further cropping.

*Regards*

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

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To understand how a regulator works, you must know something about resistances. Any electrical conductor allows current to pass through it. The conductor however, offers a certain amount of resistance to the passage of current. The resistance depends upon the material of the conductor.

The regulator has spools of wire with different amounts of resistances. When you set the knob at a particular position, you include a certain resistance in series with the fan. A series connection implies the resistance is in line with the fan. This reduces the voltage drop across the fan and its speed to your desired level. The greater the resistance, higher is the voltage drop across it and that lowers the speed of the fan.

A ceiling fan has a single-phase electric motor and metallic blades connected to it. ... In order to regulate the fan speed, a regulator is provided which varies the voltage across the winding and thus controls the speed. Lower the voltage lower the speed of the fan. So a regulator controls the voltage levels for the fan.

🛕 *VEDIK GNAN*

*Reason behind Why did Ganga devi throw her children into the river in Mahabharta?.*

The Ashta Vasus are the 8 attendant deities of Indra, and later Vishnu.

Once upon a time, these 8 Vasus were traveling through a forest on a vacation with their wives when they came across Vasishta Muni’s ashram. Outside the ashram, they saw “Nandini”, Vasishta’s divine cow.

The wive of Prabhāsa was so much absorbed by the beauty of the cow, that she requested and urged her husband to bring the cow for her.

Once the Vasus were travelling along Akashamarg(skyway) while they were passing along they saw kamadhenu (holy cow, which is belived to give what ever you desire)all vasu's got attracted to wards one of their wife asked her husband to get it to her so all 8 vasu's plan to steal it but this was came to the knowledge of vasista(head preist of asharam where kamadenu resides) so he got angry and Cursed them to be born on earth as humans ,As being devatha and being born as human is considered as dishonored among them so they requested vasista to take back his curse but he said once the curse is casted it cant be taken back but he altered the curse such a way that even though they born as human they no need to live long as human except for the guy who heeded his wife request and tried to steal kamadhenu as they were not happy about outcome but got satisfied about it. So all went to ganga and requested her to be their mother and also requested to kill them as soon as they born so they can get relieved from curse Ganga heeded their request and accepted to be their mother.

Santanu will find beautiful women,who Ganga in disguise and ask her to marry him she will agree to marry him as long as he promises to never question her,when he question her she will leave him so santanu married her and had first baby, as soon as baby is born she will take baby and sink in ganga river this continued for other six times ,however when they had eigth child santanu couldnt bear disappointment of losing new born children and ask her why she is doing this and stop her drowning their eighth son, before saying any thing she will leave him as he questioned her which breaks the promise he made to her during marrage.

After few years when satanu was walking along Ganga river bank he finds a young boy ,being curious he questioned him who he is then Ganga appears before him and narrates all the story and tell that boy is his eight son (Bishma) and he is also the vasu who planned to steal the Kamadhenu.

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

*Tulsi* . Basil leaves are rich in antibacterial properties: *You can get blemish-free skin by including tulsi in your skincare regime.* The anti-bacterial and anti-fungal properties of tulsi helps to keep acne and breakouts at bay. To make an anti-acne face mask at home take a bunch of tilsi and neem leaves and grind them together to make a paste.

Trading Tweaks

Ex-Date Interim Dividend: Aptech, Global Education, Allsec Technologies

Ex-Date Buyback: InfoBeans Technologies

Ex-Date Income Distribution: Embassy Office Parks REIT

Ex-Date Bonus Issue: Prime Fresh

Record Date Interim Dividend: Crisil

Move Out Of Short-Term ASM Framework: Control Print, Dhampur Sugar Mills, RattanIndia Enterprises

Move Into ASM Framework: eClerx Services, Meghmani
Organics, Dhampur Sugar Mills, RattanIndia Enterprises

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*🌹India Daybook – Stocks in News*


*Deepak NTR Q4:* Profit at Rs 290.0 crore versus Rs 172.0 crore, Revenues at Rs 1463.0 crore versus Rs 1055.0 crore YoY (Positive)

*Shalby:* Profit at Rs 9.8 cr vs loss of 17.1 crore, Revenue at Rs 145.0 cr vs 109.0 crore (Positive)

*Adani Green Q4:* Profit at Rs 104.0 crore versus Rs 56.0 crore, Revenues at Rs 690.0 crore versus Rs 601.0 crore YoY (Positive)

*JM FIN Q4:* Profit at Rs 234.0 crore versus Rs 163.0 crore, Revenues at Rs 478.0 crore versus Rs 530.0 crore YoY. (Positive)

*Gillette Q4:* Profit at Rs 105.6 crore versus Rs 52.4 crore, Revenues at Rs 536.0 crore versus Rs 406.0 crore YoY. (Positive)

*Tata Steel Q4:* Net Profit at Rs 7161.0 crore versus Rs 7050.0 crore, Revenues at Rs 48950.0 crore versus poll of Rs 47476.0 crore (Positive)

*Craftman Q4:* Profit at Rs 47.2 crore versus Rs 4.1 crore, Revenues at Rs 537.0 crore versus Rs 334.0 crore YoY. (Positive)

*Mainthan Alloys Q4:* Profit at Rs 87.2 crore versus Rs 65.0 crore, Revenues at Rs 499.0 crore versus Rs 406.0 crore YoY. (Positive)

*ABB Power Q4:* Profit at Rs 39.4 crore versus Rs 29.2 crore, Revenues at Rs 998.0 crore versus Rs 789.0 crore YoY. (Positive)

*Sangam Q4:* Profit at Rs 33.5 crore versus Rs 3.5 crore, Revenues at Rs 502.0 crore versus Rs 402.0 crore YoY. (Positive)

*Blue Dart Q4:* Profit at Rs 70.0 crore versus loss Rs 30.0 crore, Revenues +33%, EBITDA +170% YoY. (Positive)

*Wipro:* Company partners with Transcell Oncologics to transform vaccine safety assessment strategies using Artificial Intelligence (Positive)

*Maithan Alloys:* Recommends Demerger of Real Estate and Ancillary Business from MKH into ALAPL (Positive)

*Kalyan Jewellers:* Company reinitiates extension of Gold Ownership Certificate (Positive)

*Cipla:* Roche receives Emergency Use Authorisation in India for its investigational Antibody Cocktail used in the treatment of Covid-19ness (Positive)

*Maha Seamless:* ONGC has issued the Letter of Award to *Jindal Drilling* for deployment of Jack-up Drilling Rig “Jindal Explorer” owned by Maharashtra Seamless (Positive)

*IDBI Bank:* Cabinet gives its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank. (Positive)

*Redington:* Step down subsidiary Arena Bilgisayar Sanayi Ve Ticaret A.S. ('Arena'), Turkey updates about preliminary discussion regarding its potential acquisition. (Positive)

*OFSS:* Approves Interim Dividend of Rs 200/ Share (Positive)

*Suven Life:* Promoters increase stake from 60% to 64.98% - via warrant conversion (Positive)

*Anupam Rasatan:* Plutus Wealth Management LLP Bought 10 Lakh Shares (Positive)

*Bajaj Finance* gets RBI nod to foray into the PPI or Prepaid Payment Instrument space (Positive)

*Maruti*: April production at 159995 units versus 172000 units MoM (Neutral)

*Praj Industries:* HDFC Mutual Fund sold 4,34,583 equity shares via open market transaction on May 3, reducing shareholding to 6.51 percent from 6.75 percent earlier (Neutral)

*OFSS Q4:* Profit at Rs 460.0 crore versus Rs 430.0 crore, Revenues at Rs 1255.0 crore versus Rs 1261.0 crore QoQ (Neutral)

*Godrej Industries:* The company’s board has approved the Information Memorandum for unsecured NCDs aggregating to Rs 750 crore on private placement basis (Neutral)

*Force Motors:* The company’s total production in April stood at 1,042 units. Domestic sales were 1,094 units and exports were 187 units. (Neutral)

*Tata Motors:* The CCI has ordered a detailed probe against Tata Motors for alleged abuse of dominant position with respect to dealership agreements. (Negative)

*Indian Bank:* The bank has declared the NPA account of Saravana Stores with an outstanding balance of Rs 231 crore as fraud. (Negative)

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*Praj Industries*

HDFC Mutual Fund sold 4,34,583 equity shares (0.24 percent) in Praj Industries via open market transaction on May 3, reducing shareholding to 6.51 percent from 6.75 percent earlier.

*Adani Green Energy*

The company reported consolidated profit of Rs 104 crore for Q4FY21 against Rs 56 crore reported in Q4FY20, revenue rose to Rs 986 crore from Rs 696 crore in the year-ago period.

*Tata Steel*

The company posted consolidated profit of Rs 6,644.1 crore for Q4FY21 against loss of Rs 1,481.3 crore in the year-ago period. Consolidated revenue increased to Rs 49,977.4 crore from Rs 36,009.4 crore in Q4FY20.

*Maharashtra Seamless*

ONGC has issued the letter of award to Jindal Drilling & Industries for deployment of Jack-up drilling rig 'Jindal Explorer' owned by Maharashtra Seamless on charter hire contract for a period of 3 years.

*Tata Motors*

Competition Commission of India has ordered a detailed probe against Tata Motors for alleged abuse of dominant position with respect to dealership agreements. The order has come on two complaints filed against Tata Motors, Tata Capital Financial Services and Tata Motors Finance.
A clause in the dealership agreement allows Tata Motors to restrict, confine the territory of its dealers. Such a clause can create barriers to new entrants in the restricted market and can result in foreclosing of competition by hindering entry into the market, the competition regulator said.

*Cipla*

Roche has received emergency use authorisation in India for its investigational antibody cocktail (Casirivimab and Imdevimab) used in the treatment of Covid-19. The EUA will now enable Roche to import the globally manufactured product batches to India which will be marketed and distributed in India through a strategic partnership with Cipla.

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*FMCG Companies Under Stress - Comparing the Q4 Results of the Major Players*

Industry background - 

Fast Moving Consumer Goods or FMCG sector is regarded as the 4th largest sector in the Indian economy. The industry report is a testimonial to the exponential growth potential of the industry. The CAGR of the FMCG industry from 2016-2020 is around a whopping 28%. 

According to reports from RBI and other credible sources, the Indian retail sector touched a milestone of $1.1 trillion in trade which boosted the FMCG revenue from $ 52.75 billion to $103.7 billion in 2020.

A year ago when the country witnessed a nationwide lockdown that disrupted all major industries including the FMCG. However, the FMCG industry can expect a gradual recovery around the uncertainty of the second wave. 

The major influencing factors that lead to the skyrocketing growth of the industry include the following -

Investment Boost- The government’s latest initiatives including but not limited to the approval of the 100% foreign direct investment in single-brand retail and food retail, the change of the GST tax bracket from 23%-24% to 18% tax bracket. 

Increase in Rural Consumption - Given the improvements and developments in logistics and transportation, the FMCGs are flourishing in the rural parts of the country. Additionally, there is a general rise in the income of the rural population. Rural consumption is expected to reach$220 billion by 2025. 

The Increasing Popularity of E-Commerce and Online Portals- The pandemic has been a catalyst for the already booming e-commerce industry. According to various surveys, more than 60% of the FMCG consumption took place online. The growing online portals make it convenient for consumers to buy the product and that appropriately reflects the rise in numbers.

Quarter 4 Result Analysis - 

1. Nestle India Ltd (NS: NEST ) - 

The manufacturer of the customer favourite maggie noodles and instant coffee, Nestle’ India reported a net profit of Rs. 602 Crs, registering a double-digit growth of roughly 15%. The quarterly profits grew owing to the ease in national lockdown but they miss the estimates. The revenue was recorded at Rs. 3,432.6 Crs. The company has managed to increase its marketing spend to maintain innovation and research on new products. 


2. Britannia Industries Ltd (NS: BRIT ) - 

Britannia (NS: BRIT ) is one of the oldest food and beverage companies in India. Britannia enjoys a strong brand positioning along with a direct expansion of distribution channels. Britannia reported a 3.3% decline in profits year on year at Rs. 360 Crs. The company also registered a growth in revenue at Rs. 3,130.7 Crs. The relaunch of “Milk Bikis”, a milk glucose biscuit was proven to be a successful strategy and the company is likely to stick with the master plan. The additional growth and development of other new segments like salty snacks, wafers, croissants were also ancillary to the growth. 

Marico (NS: MRCO ) - 

Marico is a global giant with a strong presence across Asia and Africa. Marico reported robust growth with a gross profit of Rs. 227 Crs. The company’s revenue also stood at Rs. 2,012 Crs which is a 34.5% increase from the previous year. 
Marico reported a squeeze in margins given the aftermath of inflations. However, the “Saffola Oil” division registered double-digit growth over the last six quarters ushering the company in a strong position. The company has also refocused on its’ rural reach. 

Conclusion - 

Consumer staples have recorded healthy growth patterns however the major FMCG companies are struggling to maintain their margins due to the increasing inflations and disruptions in the supply chain. 

The initiatives by the government promise a favourable base and strong recovery but the uncertainties and Deja Vu of lockdown and pandemic are still lurking around. 

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*IDBI Bank*

Cabinet Committee on Economic Affairs has approved the strategic divestment of IDBI Bank, along with a transfer of management control. The extent of respective shareholding to be divested by government and Life Insurance Corporation to be decided at the time of structuring of transaction in consultation with RBI.

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Economic Times
 
Business Standard

Ø  RBI turns focus to small borrowers, allows another loan recast
Ø  Cabinet approves strategic disinvestment in IDBI Bank
Ø  Govt eases procedure for import of oxygen cylinders, cryogenic tankers
Ø  CCI orders probe against Tata Motors for alleged unfair biz practices
Ø  Andhra decides to sell stake in Gangavaram Port to Adani for Rs 645 cr
Ø  Ceat to make a fresh investment of Rs 1200 crore in truck and bus plant

 
Ø  India's services growth slowed to 3-month low in April, input costs soared
Ø  RBI announces loan relief, Rs 50,000 cr liquidity to tide over Covid
Ø  Saudi Arabia cuts oil prices for Asia as virus hits India demand
Ø  Asian equities see foreign investment inflows for first time this year
Ø  Tata Steel posts profit of Rs 6,644 cr in Q4; declares dividend of Rs 25
Ø  Supreme Court defers hearing Amazon, Future case amid Covid-19 surge
Business Line
 
Mint
Ø  India will sail through the Covid storm, says Finance Minister
Ø  Adani Airport becomes the largest airport company; caters 10% of India's traffic
Ø  Income Tax department notifies exemption for four Canadian Funds
Ø  Hikal in 10-year multi-product deal with global player
Ø  Ease import of pharma inputs: AP Industries Min to Centre
Ø  DoT clears 5G trials sans Chinese vendors
 
Ø  Adani Green Energy Q4 net profit rises over 8% to ₹105 crore
Ø  Canada authorizes Pfizer vaccine for for children from 12 to 15 age group
Ø  Serum Institute of India leads cross-sector Indian investments into UK
Ø  India accounts for 46% of world's new Covid-19 cases, 25% of deaths: WHO
Ø  Galaxy Digital to buy BitGo in crypto sector’s first $1 billion deal
Financial Express
 
Business World
Ø  S&P: Second COVID wave may derail India’s budding recovery; 8.2-9.8 pc GDP growth in diff scenarios
Ø  Indian Bank declares Saravana Stores account as fraud
 
Ø  Adani Enterprises Q4 Net Profit Up 282% To Rs 233.95 Cr
Ø  Sensex Rallies 424 Pts On RBI Announcements; Financial Stocks Shine

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#BREAKING US announces support for Covid-19 vaccine patent waiver, WHO's Tedros hails "historic" US decision to support vaccine patent waiver. Pharma federation IFPMA says US support for patent waiver "disappointing"

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Dear Readers,



Good morning!



Covid is raging, the market refuses to fall. The market is basically over Covid. It knows there will be another V shaped recovery as soon as this wave ends.



Coming back to the original topic, I wanted to share the names of 3 of the best IT names (growth wise) which we track (also own) in our Negen PMS.



1- Intellect Design Arena: Revenue growth expectations for next 2-3 years is +15% to +18%.

EPS growth expectations are +30%

*The source is the management directly.

This company seems to have reached inflection point. Let us see what the future holds here. If they can 'walk the talk', it would make me happy.

*Disclaimer: We own Intellect. Our 2nd biggest holding.



2- Mastek: Revenue growth expectations are 20-22% for the next 2-3 years.

*Source is concall extrapolation. This is just my view and I could be very wrong too.

The company plans to keep up the growth rate via the inorganic route.

The management is executing beautifully.

*Disclaimer: We track this. Dont own yet. Not buy advice.



3- Just Dial: This is not an IT company. It is a pure Tech company but, it comes with a great OPTIONALITY factor.

If their B2B marketplace strategy pays off, then this company's earnings will go wild. Revenue could very easily grow at 25% CAGR or even better for the next 2-3 years.

But that is a BIG IF. It surely wont be easy to compete with IndiaMart and create a competing B2B marketplace.

What is good that, company wont go in losses or anything if the B2B marketplace bet does not come good. So, it is this Optionality factor which I love here.

*Disclaimer: We do not own yet. Tracking. May buy. Not buy advice.



The beauty of owning Tech/IT names is that, they are all debt free, generate significant Free Cash Flow and best of all, they have Growth. (Atleast the ones I have mentioned above, hopefully).





I hope this email added value to you. Will keep sending more of such emails in the coming days.

As always, all my emails would be bold and short. Be clutter free.



Take care friends.





Best,



Neil Bahal

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DEEPAK NITRITE Q4 (YoY)
Revenues growth of 40%
PAT growth of 69%
EBITDA growth of 69%
Margins at 30.3% vs 24.8%
EPS at 21.3 vs 12.6

Finance cost down 48%
Tax rate at 26% vs 14%

DEEPAK NITRITE Q4 (QoQ)
Revenues growth of 18%
PAT growth of 34%
EBITDA growth of 32%
Margins at 30.3% vs 27.1%
EPS at 21.3 vs 15.9

Finance cost down by 13%
Tax rate constant at 26%

INTERNALS
Highest quarterly revenues and profits
Strong growth led by phenolics division
Performance products very weak
Basic and Speciality chemicals do well
Margins led by strong growth in basic chemicals and seciality chem
Financial borrowings come down
Strong cash flows

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*SGX Nifty +66 pts (14760) from last trade 14694*

Nikkei +531 pts,
Hangseng +230 pts,
Now @6.52am.

Dow +97.31 pts ,Nsdq -51.08 pts, S&P +2.93 pts, Bovespa +1852 pts , Ftse +116 pts , Dax +314 pts , Cac +87 pts , Crude @ $65.12 brl (-0.51), Brent @ $68.96 brl (+0.00) , Gold @ 1785.80 (+1.39), Silver @ $26.53 (+0.00), Euro @ $1.2007, JPY @ $109.24 INR @ 73.805

*Today's Corporate Action*
*6th May Ex Date*
ALLSEC
Interim Dividend - Rs. - 15.0000

APTECHT
Interim Dividend - Rs. - 2.2500

EMBASSY
Income Distribution (InvIT)

PRIMEFRESH
Bonus issue 2:1

SRIND
E.G.M.

*Today's Key Results/Board Meetings*
*6-May-21*
ADANIPOWER
Audited Results

ADANITRANS
A.G.M.;Quarterly Results

APCOTEXIND
Final Dividend; Quarterly Results

ASHIKACR
General; Audited Results; Dividend; Quarterly Results

BBTC
Audited Results;Dividend

BLUESTARCO
Final Dividend; Audited Results

CAPPL
Audited Results; Interim Dividend

CENTURYTEX
Dividend;Audited Results

COFORGE
Audited Results; Interim Dividend

CREDITACC
Audited Results

DHANADACO
General

FIVEXTRADE
General;Audited Results

FOSECOIND
Quarterly Results

HEROMOTOCO
Final Dividend; Audited Results

HIKAL
Audited Results; Final Dividend

HINDMILL
Audited Results

ICRA
Audited Results;Dividend

IIFL
General;Audited Results

JOSTS
Audited Results; Final Dividend; Quarterly Results

LUDLOWJUT
Audited Results;Dividend

PGHL
Quarterly Results

PRAJIND
Audited Results;Final Dividend

RAYMOND
Audited Results

SOLARA
Audited Results;Dividend

SUNDRMFAST
Audited Results;Interim Dividend

TATACONSUM
Audited Results; Final Dividend; Quarterly Results

*Stock under F&O ban on NSE*
*6-May-21*
1SUNTV
2TATACHEM

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*Good Morning*
• RBI Steps Up Loan Relief, Liquidity for India’s Virus Fight
o Central bank to provide $6.8b liquidity to key sectors
• Tata Steel Posts Bumper Profit on Price Rally, Demand Revival
• India Plans to Privatize IDBI Bank, Seek Strategic Investor
• Indian Delegation Self-Isolates at G-7 Meeting of Top Diplomats
• China Urges India to Provide Level Playing Field for Its Firms
• India’s Currency Market Roiled as Banks Protect Dollar Assets
o State-run banks are staying away from receiving dollars
• Saudi Arabia Cuts Oil Prices for Asia as India Battles Virus
• India to Boost Fuel Exports Through June on Better Margin: FGE
• India Oil Demand to Drop 670k B/D in May as Outlook Darkens: FGE
• SpiceJet, Dunzo Receive Approval for Drone Operations in India
• Global Funds Sell Net INR11.1B of India Stocks on Wednesday: NSE
o Domestic funds buy net 2.41b rupees of stocks
• Foreign Investors Sell Net INR17.4B of India Equities on May 4
• Foreigners Sell Net INR18.5B Indian Equity Derivatives Wednesday
• Oil Gains With U.S. Supply Drop Signaling Recovery
• EU Seeks India Support for Treaty on Plastic Pollution: Reuters
• Second covid wave may lead to slowdown in coming months: PHDCCI: PTI
• Three more Rafales head for India; to take IAF’s count to 21: PTI
• Adani Green (ADANIGR): 4Q net income 1.05b rupees Vs. 964.1m Y/y; Plans INR150B FY22 Capex
• Blue Dart (BDE): 4Q net income 890.8m rupees Vs. loss 237.9m Y/y; Revenue +33% to 9.66b
• Ceat (CEAT): 4Q net income 1.53b rupees vs. 518.8m y/y, beats est. 1.10b; Revenue +46% to 22.9b
• Cipla (CIPLA): Roche’s Covid Treatment Gets India Approval, Partner Cipla Says
• Tata Steel (TATA): 4Q net income 66.44b rupees vs. loss 14.80b y/y, misses est. 74.22b; Revenue +39% to 499.8b; To Raise India Capex Spending; to pay 25 rupees/shr as dividend
• Wipro Ltd. (WPRO): Says partners with Transcell Oncologics on vaccine safety AI

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Money Market Update

The rupee ended at 73.91 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 73.86.

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Stocks To Watch

IDBI Bank: Cabinet Committee on Economic Affairs has approved the strategic divestment of IDBI Bank, along with a transfer of management control. The extent of respective shareholding to be divested by government and Life Insurance Corporation to be decided at the time of structuring of transaction in consultation with RBI.

Tata Motors: Competition Commission of India has ordered a detailed probe against Tata Motors for alleged abuse of dominant position with respect to dealership agreements. The order has come on two complaints filed against Tata Motors, Tata Capital Financial Services and Tata Motors Finance. A clause in the dealership agreement allows Tata Motors to restrict, confine the territory of its dealers. Such a clause can create barriers to new entrants in the restricted market and can result in foreclosing of competition by hindering entry into the market, the competition regulator said.

Cipla: Roche has received emergency use authorisation in India for its investigational antibody cocktail (Casirivimab and Imdevimab) used in the treatment of Covid-19. The EUA will now enable Roche to import the globally manufactured product batches to India which will be marketed and distributed in India through a strategic partnership with Cipla.

Wipro: Has partnered with Transcell Oncologics to transform vaccine safety assessment using augmented intelligence. Transcell’s stem cell technology with the augmented intelligence capabilities of Wipro HOLMES® to improve the safety of global vaccine immunisation programs. Also, by applying AI to the vaccine development process, our solution can predict adverse neurovirulent impacts resulting from vaccinations, the company said.

Godrej Industries: Board has approved the Information memorandum for issuance of up to 7,500 listed, unsecured NCDs of the face value of Rs 10 lakh each, aggregating to Rs 750 crore on a private placement basis.

Maruti Suzuki: Total production in April stood at 1.59 lakh units. Total passenger vehicle production stood at 1.57 lakh units.

Force Motors: The company's total production in April stood at 1,042 units. It reported domestic sales of 1,094 units and exports of 187 units.

Indian Bank: Has declared Saravan Stores (Gold Palace) bad loan account as fraud and reported it to the RBI.

Bank of India: Has approved allotment of up to 42.11 crore shares at Rs 71.23 per share aggregating up to Rs 3,000 crore on a preferential basis to the Government of India.

Quess Corp: Has declared an interim dividend of Rs 7 per share for FY21. The record date for the same is May 13.

Nifty Earnings: Tata Consumer Products, Hero MotoCorp

Non-Nifty Earnings: Adani Power, Adani Transmission, Apcotex Industries, Bombay Burmah Trading Corp, Blue Star, Caplin Point Laboratories, Century Textiles & Industries, Coforge, CreditAccess Grameen, Foseco India, Hikal, ICRA, IIFL Finance, Procter & Gamble Health, Praj Industries, Raymond, Solara Active Pharma Sciences, Sundram Fasteners

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World Markets

Dow + 97
Nasdaq - 51
Dax + 314
Nikkei + 552
Hangseng + 211
Sgxnifty + 84 (14778)
Brent Crude 68.91
Dow Fut + 52
Dollar Index 91.25

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Stocks Ban In F&O:
Sun TV,
Tata Chemical

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