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Nirmal Bang is inviting you to a Zoom webinar.
When: May 7, 2021 08:45 AM India
Topic: Morning Market Update
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Nirmal Bang is inviting you to a Zoom webinar.
When: May 7, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_NLy3UE4ZQU-mz6GvubCwig
After registering, you will receive a confirmation email containing information about joining the webinar.
Zoom Video
Welcome! You are invited to join a webinar: Morning Market Update. After registering, you will receive a confirmation email about…
*Coforge Ltd.* | *CMP* Rs. 2844 | *M Cap* Rs. 17232 Cr | *52 W H/L* 3223/1019
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
order intake( $ mn) came at $ 201 mn vs QoQ $ 193 mn, YoY $ 180 mn
Order executable in next 12 months came at $ 520 mn vs QoQ $ 501 mn, YoY $ 468 mn
Revenue from Operations came at Rs. 1261.5 Cr (6% QoQ, 13.7% YoY) vs expectation of Rs. 1227 Cr, QoQ Rs. 1190.6 Cr, YoY Rs. 1109.3 Cr
EBIDTA came at Rs. 209.8 Cr (4.1% QoQ, 5.7% YoY) vs expectation of Rs. 211 Cr, QoQ Rs. 201.6 Cr, YoY Rs. 198.4 Cr
EBITDA Margin came at 16.6% vs expectation of 17.2%, QoQ 16.9%, YoY 17.9%
Adj. PAT came at Rs. 133 Cr vs expectation of Rs. 132.2 Cr, QoQ Rs. 122 Cr, YoY Rs. 126.4 Cr
Quarter EPS is Rs. 21.9
Share is trading at P/E of 28.3x FY22E EPS
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(Nirmal Bang Retail Research)
*Result is in-line with expectations*
order intake( $ mn) came at $ 201 mn vs QoQ $ 193 mn, YoY $ 180 mn
Order executable in next 12 months came at $ 520 mn vs QoQ $ 501 mn, YoY $ 468 mn
Revenue from Operations came at Rs. 1261.5 Cr (6% QoQ, 13.7% YoY) vs expectation of Rs. 1227 Cr, QoQ Rs. 1190.6 Cr, YoY Rs. 1109.3 Cr
EBIDTA came at Rs. 209.8 Cr (4.1% QoQ, 5.7% YoY) vs expectation of Rs. 211 Cr, QoQ Rs. 201.6 Cr, YoY Rs. 198.4 Cr
EBITDA Margin came at 16.6% vs expectation of 17.2%, QoQ 16.9%, YoY 17.9%
Adj. PAT came at Rs. 133 Cr vs expectation of Rs. 132.2 Cr, QoQ Rs. 122 Cr, YoY Rs. 126.4 Cr
Quarter EPS is Rs. 21.9
Share is trading at P/E of 28.3x FY22E EPS
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All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
CCI orders probe against Tata Motors for alleged unfair biz practices
https://www.moneycontrol.com/news/business/cci-orders-probe-against-tata-motors-for-alleged-unfair-biz-practices-6859151.html
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https://www.moneycontrol.com/news/business/cci-orders-probe-against-tata-motors-for-alleged-unfair-biz-practices-6859151.html
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Moneycontrol
CCI Orders Probe Against Tata Motors For Alleged Unfair Biz Practices
CCI observed that the complainants are primarily aggrieved that Tata Motors has imposed unfair terms and conditions in the dealership agreement for commercial vehicles in abuse of its dominant position in contravention of the provisions of Section 4 of the…
US markets closed mixed again.
Dow at another record but Nasdaq was down for 4 straight days.
Asian markets are higher.
SGX Nifty is up by about 70 points.
Considering the fact that FIIs keep selling everyday and both FIIs and DIIs have both sold in Cash market yesterday, this gap up really surprising.
I read a news article in Bloomberg, "India's stock market is on another planet'
Even Bloomberg wonders why our market is so resilient despite the worst pandemic.
Always remember the rule, "Markets will not crash two times for the same reason"
Forget about Nifty falling to 7500, last year low, it did not even fall to 12400, last year high.
This shows the maturity of Retail Investors.
In fact FIIs seems to be immatured, they keep seeling for the last few weeks.
RBI Governor's sppech has turned the markets around.
But still, market leader Reliance is struggling around bottom of trading range 1900-2100.
As usual Bank Nifty has been volatile but Kotak Bank is looking good.
Tata Steel has come out with good results and declared good Dividend.
Today Hero Moto will declare results.
What was a surprise in last two trading sessions, India VIX fell about 10% in last two days.
Option Premiums have come down.
Looking at OI, huge OI added at 14600PE.
Good amount of OI added at 14850CE.
Those who sold both will make some profit if Nifty trdaes between 14550 and 14900.
But we can expect markets to be volatile as usual.
If markets are firm, then we can expect some selling in the afternoon.
Weekly expiry will add to the volatility.
Nifty future may trade between 14600 and 14850.
https://t.me/marketswizard
*Learning and earning group*
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*Knowledge Enhancement Group*
Dow at another record but Nasdaq was down for 4 straight days.
Asian markets are higher.
SGX Nifty is up by about 70 points.
Considering the fact that FIIs keep selling everyday and both FIIs and DIIs have both sold in Cash market yesterday, this gap up really surprising.
I read a news article in Bloomberg, "India's stock market is on another planet'
Even Bloomberg wonders why our market is so resilient despite the worst pandemic.
Always remember the rule, "Markets will not crash two times for the same reason"
Forget about Nifty falling to 7500, last year low, it did not even fall to 12400, last year high.
This shows the maturity of Retail Investors.
In fact FIIs seems to be immatured, they keep seeling for the last few weeks.
RBI Governor's sppech has turned the markets around.
But still, market leader Reliance is struggling around bottom of trading range 1900-2100.
As usual Bank Nifty has been volatile but Kotak Bank is looking good.
Tata Steel has come out with good results and declared good Dividend.
Today Hero Moto will declare results.
What was a surprise in last two trading sessions, India VIX fell about 10% in last two days.
Option Premiums have come down.
Looking at OI, huge OI added at 14600PE.
Good amount of OI added at 14850CE.
Those who sold both will make some profit if Nifty trdaes between 14550 and 14900.
But we can expect markets to be volatile as usual.
If markets are firm, then we can expect some selling in the afternoon.
Weekly expiry will add to the volatility.
Nifty future may trade between 14600 and 14850.
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!!!
TATA MOTORS :CCI DIRECTS A DG INVESTIGATION AGAINST CO || CCI FINDS A PRIMA FACIE CASE OF ABUSE OF DOMINANCE AND ANTI-COMPETITIVE CONDUCT AGAINST CO - BLOOMBERG QUINT
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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!!!
USA President Joe Biden proposes 40% inheritance tax
Read more at https://facelesscompliance.com/23247/usa-president-joe-biden-proposes-40-inheritance-tax
Share and Spread Knowledge
Read more at https://facelesscompliance.com/23247/usa-president-joe-biden-proposes-40-inheritance-tax
Share and Spread Knowledge
Faceless Compliance
USA President Joe Biden proposes 40% inheritance tax - Faceless Compliance
Coforge has given strong guidance for FY22 and is planning for an organic growth of at least 17% in constant currency terms during FY’22 and an expansion of EBITDA margin (excluding ESOP and acquisition related costs) from 18% in FY’21 to 19% in FY’22.
SUBEX: CO TO PARTNER WITH SNOWFLAKE AND BRING THE POWER OF AI-DRIVEN AUGMENTED ANALYTICS TO CUSTOMERS
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SUBEX: CO TO PARTNER WITH SNOWFLAKE AND BRING THE POWER OF AI-DRIVEN AUGMENTED ANALYTICS TO CUSTOMERS
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*Knowledge Enhancement Group*
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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!!!
*CAPLIN POINT LABORATORIES LTD.* | *CMP* Rs. 540 | *M Cap* Rs. 4085 Cr | *52 W H/L* 686/300
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 278.7 Cr (1.6% QoQ, 29.5% YoY) vs QoQ Rs. 274.4 Cr, YoY Rs. 215.2 Cr
EBIDTA came at Rs. 85.7 Cr (2.1% QoQ, 59.3% YoY) vs QoQ Rs. 83.9 Cr, YoY Rs. 53.8 Cr
EBITDA Margin came at 30.7% vs QoQ 30.6%, YoY 25%
Adj. PAT came at Rs. 66.4 Cr vs QoQ Rs. 64.5 Cr, YoY Rs. 48.9 Cr
Quarter EPS is Rs. 8.8
Share is trading at P/E of 13x FY22E EPS
https://t.me/marketswizard
*Learning and earning group*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 278.7 Cr (1.6% QoQ, 29.5% YoY) vs QoQ Rs. 274.4 Cr, YoY Rs. 215.2 Cr
EBIDTA came at Rs. 85.7 Cr (2.1% QoQ, 59.3% YoY) vs QoQ Rs. 83.9 Cr, YoY Rs. 53.8 Cr
EBITDA Margin came at 30.7% vs QoQ 30.6%, YoY 25%
Adj. PAT came at Rs. 66.4 Cr vs QoQ Rs. 64.5 Cr, YoY Rs. 48.9 Cr
Quarter EPS is Rs. 8.8
Share is trading at P/E of 13x FY22E EPS
https://t.me/marketswizard
*Learning and earning group*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
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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!!!
BERGER PAINTS : CO HAS RAISED THE PRICES OF PRODUCTS ACROSS ITS PORTFOLIO BY AN AVERAGE OF AROUND 3% THIS MONTH. THE COMPANY IS NOW CONSIDERING A SECOND ROUND OF HIKES SOON, AS IT LOOKS TO MAINTAIN ITS MARGINS AND REVENUE TARGET FOR THE YEAR: INFORMIST
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https://t.me/marketswizard
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https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
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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!!!