*Economic Times*
*Business Standard*

Ø Credit Suisse cuts FY22 GDP forecast to 8.5-9%
Ø IMF to revisit growth forecast for India due to surge in COVID-19 cases - spokesman
Ø PSBs will only lead bad bank, pvt banks also need to support it: SBI MD
Ø Majority of SMEs qualify for restructuring says Crisil
Ø Chinese airlines agree to resume drug imports to India
Ø Adani Transmission plans Rs 4,500 crore capex in FY22
Ø About 3,400 rated firms eligible for recast under fresh rules: Crisil
Ø Hero MotoCorp Q4 net rises 39% to Rs 865 cr, declares final dividend of Rs 25
Ø Patent waiver in WTO to enable timely availability of Covid vaccines: Govt
Ø US weekly jobless claims fall more than forecast to fresh 13-month low
Ø ArcelorMittal Nippon Steel India EBITDA up nearly 3x at $403 mn in Q1

*Business Line*
*Mint*

Ø ‘Ageas may up stake in Federal Life to 74%’
Ø UK-India ETP is a critical stepping stone to enhance trade:Richard Heald
Ø India, EU to launch talks on investment protection, GIs
Ø Mahindra Group to set up mobility design centre in UK
Ø Sundram Fasteners posts highest-ever net of ₹130 crore in March quarter
Ø Raymond stitches a profitable Q4
Ø Axis AMC eyes to collect ₹1,500-cr from global innovation fund of funds
Ø Pfizer-BioNTech can supply 3 billion vaccine doses this year
Ø Oil PSUs to set up medical oxygen plants at 100 locations
Ø Nirma Group’s cement arm Nuvoco Vistas Corp. files papers for Rs5,000 cr IPO
Ø IDFC MF changes name of dynamic equity fund to balanced advantage
Ø Centre gives tax concession to five SWFs

*Financial Express*
*Business World*

Ø COVID second wave can hit energy demand in April-June quarter: Report
Ø Netherland’s SHV buys Neev’s stake in SunSource Energy
Ø Cognizant Q1 net up 37.6 pc to $505 million; expects to log 7-9% revenue growth in FY2021
Ø Rupee Rises 13 Paise To Settle At 73.78 Against US Dollar
Ø Sensex, Nifty Rise For 2nd Day; Auto, IT Stocks Take Charge

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BHARAT FORGE: CO ACQUIRES NOUVEAU POWER & INFRASTRUCTURE

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VAKRANGEE: CO ENTERS THE ONLINE SPACE WITH THE LAUNCH OF DIGITAL SERVICES
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NIITLTD (500304) has accepted around 29% shares for its BUYBACK at Rs. 240

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*ADANI POWER*
Q4 CONS NET PROFIT 131.3M RUPEES VS LOSS 13.13B (YOY); EST LOSS 6B | LOSS 2.89B (QOQ)

Q4 REVENUE 63.74B RUPEES VS 61.72B (YOY)

*Praj industries-robust*
Rev at 571cr vs 302cr
Pbt at 73cr vs 32cr,Q3 PBT was 39cr
Pat at 52cr vs 25cr
Ocf at 225cr vs 15cr

*KEY RESULTS 07-05*
AUTO CORP OF GOA
CHOLAMANDALAM INVT & FIN
DABUR INDIA
DUNCAN ENGINEERING
EIH
GE SHIPPING
GODREJ AGROVET
GRINDWELL NORTON
HDFC
KANSAI NEROLAC
NAVIN FLUORINE INTL
PIONEER DISTILLERIES
PONNI SUGARS
R SYSTEMS INTL
SACHETA METALS
STEEL STRIPS WHEELS
SUTLEJ TEXTILES
TANFAC INDUSTRIES
ULTRATECH CEMENT

*SOLARA ACTIVE PHARMA* Q4 CONS NET PROFIT 566M RUPEES VS 178M (YOY), 658M (QOQ) || Q4 CONS REVENUE 4.54B RUPEES VS 3.09B (YOY)

*FII / FPI & DII activity for 06-May-202*
Net Trends in Fund Flows( in Cr. )
FIIs : 1,222.58
DIIs : -632.51

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* India Daybook – Stocks in News*


*Praj Ind Q4:* Profit at Rs 52.0 crore versus Rs 24.8 crore, Revenues at Rs 567.0 crore versus Rs 296.0 crore YoY (Positive)

*Solara Active:* Profit at Rs 56.6 cr vs Rs 17.8 crore, Revenue at Rs 444.0 cr vs 296.0 crore (Positive)

*Blue Star:* Profit at Rs 68.0 cr vs Rs 9.0 crore, Revenue at Rs 1611.0 cr vs 1299.0 crore (Positive)

*Adani Power Q4:* Profit at Rs 13.0 crore versus loss of Rs 1313.0 crore, Revenues at Rs 6374.0 crore versus Rs 6172.0 crore YoY (Positive)

*Raymond Q4:* Profit at Rs 70.3 crore versus loss of Rs 90.9 crore, Revenues at Rs 1365.0 crore versus Rs 1278.0 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)

*HERO MOTOCORP* Net Profit at Rs 865.0 crore versus poll of Rs 810.0 crore, Revenues at Rs 8686.0 crore versus poll of Rs 8425.0 crore (Positive)

*Adani Trans Q4:* Profit at Rs 256.5 crore versus Rs 58.0 crore, Revenues at Rs 2275.0 crore versus Rs 2474.0 crore YoY. (Positive)

*M&M:* Company to Open Advanced Design Centre for Mobility Products in UK (Positive)

*Aurion Pro:* Board has approved sale of its entire stake, in its USA based subsidiary, resulting in the exit from the cyber security business globally (Positive)

*Torrent Pharma:* India Rating has revised outlook to ‘Positive’ from ‘Stable’ (Positive)

*Zensar Tech:* UK-based FinTech Infinity Circle selects for end-to-end development of its next-gen wealth management platform (Positive)

*TCS:* Company launches new consulting framework to help enterprises drive transformation and growth (Positive)

*Dr Reddy/ Panacea/ STAR:* A single dose Sputnik Light introduced. (Positive)

*Cupid:* Receives a purchase order from Uttar Pradesh Medical Supplies Corporation Limited for supply of "COVID – 19 Antigen Based Rapid Test. (Positive)

*Sadbhav Infra:* Enters into Debenture Trust Deed Raises Rs 700 Crores from Allianz Global Investors and AMP Capital (Positive)

*IRB Infra:* LIC Bought 71.29 Lakh Shares (2.03% Equity) between Sept to Now (Positive)

*India Grid Trust:* The company has raised Rs 1,000 crore through the issuance of non-convertible debt securities (NCDs (Positive)

*NLC India:* The company has raised Rs 650 crore by issuing commercial paper. (Positive)

*SBI Life Insurance:* Carlyle will sell a 3.5 percent stake in the company at an offer price of Rs 945 per share via a block deal. (Neutral)

*Credit Access Q4:* Profit at Rs 56.3 crore versus Rs 30.8 crore, Revenues at Rs 611.0 crore versus Rs 470.0 crore YoY (Neutral)

*Century Tex Q4:* Loss at Rs 5.0 crore versus Rs 80.0 crore, Revenues at Rs 820.0 crore versus Rs 770.0 crore YoY. (Negative)

*Procter Health Q4:* Profit at Rs 15.7 crore versus Rs 46.6 crore, Revenues at Rs 219.0 crore versus Rs 228.0 crore YoY (Negative)

*Asian Hotels (West):* India Ratings and Research' has downgraded the credit rating for the bank fa. (Negative)


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*Foseco India Ltd.* | *CMP* Rs. 1386 | *M Cap* Rs. 885 Cr | *52 W H/L* 1500/942
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 88.5 Cr (7.6% QoQ, 22.8% YoY) vs QoQ Rs. 82.3 Cr, YoY Rs. 72.1 Cr
EBIDTA came at Rs. 12.6 Cr (33.6% QoQ, 54.8% YoY) vs QoQ Rs. 9.4 Cr, YoY Rs. 8.1 Cr
EBITDA Margin came at 14.2% vs QoQ 11.4%, YoY 11.3%
Adj. PAT came at Rs. 9.3 Cr vs QoQ Rs. 7.2 Cr, YoY Rs. 6.1 Cr
Quarter EPS is Rs. 14.5
Share is trading at P/E of 47.5x TTM EPS

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*Hero MotoCorp Ltd.* | *CMP* Rs. 2913 | *M Cap* Rs. 58196 Cr | *52 W H/L* 3629/1935
(Nirmal Bang Retail Research)
No. of Vehicles Sold 1568313 vs QoQ 1845274,YoY 1334511
*Result is ahead of expectation*
Gross Margin improved QoQ by 10bps vs TVS 80 bps and Bajaj -90 bps (decline)
Revenue from Operations came at Rs. 8686 Cr (-11.1% QoQ, 39.2% YoY) vs expectation of Rs. 8415.6 Cr, QoQ Rs. 9775.8 Cr, YoY Rs. 6238.4 Cr
EBIDTA came at Rs. 1211.2 Cr (-14.3% QoQ, 83.5% YoY) vs expectation of Rs. 1061.3 Cr, QoQ Rs. 1413.6 Cr, YoY Rs. 659.9 Cr
EBITDA Margin came at 13.9% vs expectation of 12.6%, QoQ 14.5%, YoY 10.6%
Adj. PAT came at Rs. 865 Cr vs expectation of Rs. 799.1 Cr, QoQ Rs. 1084.5 Cr, YoY Rs. 620.7 Cr
Quarter EPS is Rs. 43.3
Share is trading at P/E of 16x FY22E EPS

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*Adani Transmission Ltd.* | *CMP* Rs. 1131 | *M Cap* Rs. 124389 Cr | *52 W H/L* 1147/167
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 2726.6 Cr (5% QoQ, -14.4% YoY) vs QoQ Rs. 2597 Cr, YoY Rs. 3187 Cr
EBIDTA came at Rs. 827.4 Cr (-25.8% QoQ, -23.9% YoY) vs QoQ Rs. 1115.5 Cr, YoY Rs. 1087.7 Cr
EBITDA Margin came at 30.3% vs QoQ 43%, YoY 34.1%
Adj. PAT came at Rs. 256.6 Cr vs QoQ Rs. 395.3 Cr, YoY Rs. 94.3 Cr
Quarter EPS is Rs. 2.3
Share is trading at P/E of 100.1x TTM EPS

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*Raymond ltd.* | *CMP* Rs. 328 | *M Cap* Rs. 2184 Cr | *52 W H/L* 409/212
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 1365.7 Cr (9.8% QoQ, 6.8% YoY) vs QoQ Rs. 1243.4 Cr, YoY Rs. 1278.7 Cr
EBIDTA came at Rs. 154.9 Cr (36% QoQ, -2325.3% YoY) vs QoQ Rs. 113.9 Cr, YoY Rs. -7 Cr
EBITDA Margin came at 11.3% vs QoQ 9.2%, YoY -0.5%
Adj. PAT came at Rs. 56.5 Cr vs QoQ Rs. 21.7 Cr, YoY Rs. -106.5 Cr
Quarter EPS is Rs. 8.5
Share is trading at P/E of 2733.3x FY22E EPS

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Some interesting facts about OXYGEN
#LINDEINDIA
#EVERESTKANTO
#NATIONALOXYGEN

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