*ArcelorMittal Expects 2021 Steel Consumption To Rise The Most In India*

ArcelorMittal SA expects steel consumption to grow at the fastest pace in India during the calendar year 2021. The steelmaker estimates apparent steel consumption, or total domestic production and net imports, to rise 16-18%, according to its statement. That’s about twice the estimated pace for the rest of the world (excluding China) where it sees demand growing 8.5-9.5%.

According to ArcelorMittal, apparent steel consumption is expected to: Grow 10 to 12% in the U.S., with stronger demand for flat products—particularly automotive—while construction demand (non-residential) remains weak. Rise 7.5-9.5% In Europe.

Grow 6.0-8.0% in Brazil, supported by ongoing construction demand and recovery in the end markets for flat steel. Rise 4-6% In the Commonwealth of Independent States. Grow 1-3% in China, supported by ongoing stimulus.

*January-March Numbers*

ArcelorMittal Nippon Steel India Ltd.’s crude steel production stood at 1.8 million tonne in January-March compared with 1.9 MT in the preceding quarter.

Ebitda stood at $0.4 billion vs $0.3 billion.

Demand and utilisation have improved after the economy reopened following the lockdown last year.

*Expansion Plans*

ArcelorMittal and Nippon Steel India Ltd. signed a memorandum of understanding with the government of Odisha to set up an integrated steel plant with a capacity of 12 million tonnes per annum in Kendrapara.

The joint venture plans to debottleneck operations (steel shop and rolling parts) and achieve capacity of 8.6 MT a year and plans to expand it to 14 MTPA in the medium term.


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Morgan Stanley Raises Tata Steel TP To Rs 1630 from Rs 1000
Raise FY22/23 EBIDTA est by 33%/32%

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

▪️INFO EDGE : Food delivery app Zomato is in talks to invest around $100 million in egrocer Grofers, after discussions of a possible merger between the two fell through.

▪️Zomato’s investment may value the Gurugram-based online grocery firm at around $1 billion. (Possitive)

▪️MACRO TECH DEV. : Lodha Group, India’s largest realestate developer in terms of property sales, is aiming to turn a zero-debt company over the next three years with focus on affordable housing, MD & CEO Abhishek Lodha said. (Possitive)

▪️ANGEL BROKING : Board Approves Co. plan to enter in AMC biz (Possitive)

▪️SBI LIFE : Today Caryle To Sell 3.5 % stake via Block deal .

Do note : In March Pnb Paribas sold 5 % stake

▪️METALS STOCK: Steel Future trading at Record highs in China Backed by strong demand.

Aluminium prices at 11 year s high in Shanghai.

Price of Rebar, HRC at new highs (super possitive)


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

🌟Good Morning All🌟

☀️ BSC Exclusive Morning Market News & Update☀️

🔹M&M: To open an advanced design centre for mobility products in the U.K. The company will set up Mahindra Advanced Design Europe in the West Midlands, U.K. The new Centre of Excellence will be a part of the Mahindra Global Design Network that includes the Mahindra Design Studio in Mumbai, India, and Pininfarina Design in Turin, Italy. This renews the
company's commitment to design and develop dynamic and authentic products with global appeal.

🔹Zensar Technologies: U.K.-based fintech company, Infinity Circle, has selected Zensar for end-to-end development of its next-gen wealth management platform.

🔹Sadbhav Infrastructure Project: Has entered into the Debenture Trust Deed to raise Rs 700 crore from the investors led by Allianz Global Investors and AMP Capital out of which a sum of Rs 550 crore has already been funded by the investors. Further SIPL has sold 7% of units in IndInfravit Trust to CPP Investments for a total consideration of Rs 441 crore. The above long
term funding and sale of units will help the company to inter alia meet repayment of all its existing short term debt obligations and to fund the ongoing portfolio of Hybrid Annuity Model road assets of the company

🔹Aurionpro Solutions: To exit the cybersecurity business with the sale of its investment to Forcepoint LLC., USA. The deal, for the divestment of all stake held by Aurionpro in its cybersecurity business, is valued at a consideration of $9.6 million (approximately Rs 71 crore).
Out of the total consideration, Rs 45 crore will be received upfront and the remaining amount to be received in tranches over a year upon fulfilment of contractual warranties and earn out.

🔹NLC India: Has allotted 13,000 Commercial Papers of the face value of Rs 5 lakh each, aggregating to Rs 650 crore.

🔹Nifty Earnings: HDFC, Ultratech Cement

🔹Non-Nifty Earnings: Cholamandalam Investment and Finance Company, Dabur India, EIH, Great Eastern Shipping Co, Godrej Agrovet, Grindwell Norton, Kansai Nerolac Paints, Mangalore Refinery & Petrochemicals, Navin Fluorine International, R Systems International, Steel Strips Wheels, Sutlej Textiles & Industries

Pledge Share Details

🌟Adani Enterprises: Promoter Group (Gautam Adani and Rajesh Adani) revoked pledge of 12 lakh shares on May 5.

🌟Adani Ports And Special Economic Zone: Promoter Group (Gautam Adani and Rajesh Adani) revoked pledge of 8.50 lakh shares on May 5.

Trading Tweaks

📌Ex-Date Stock Split: Vaibhav Global

📌Record Date Interim Dividend: Aptech, Allsec Technologies

📌Record Date Income Distribution: Embassy Office Parks REIT

📌Record Date Buyback: InfoBeans Technologies

📌Price Band Revised From 10% To 5%: Hikal, Angel Broking

📌Move Into Short-Term ASM Framework: Best Agrolife, The Great Eastern Shipping Company

📌Move Out Of Short-Term ASM Framework: Macrotech Developers, Panacea Biotec, Lemon Tree Hotels, Everest Kanto Cylinder, Rajratan Global Wire, Jay Bharat Maruti

Money Market Update

🎯The rupee ended at 73.77 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 73.91.


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

https://youtu.be/0z68wYubIxo

For more such market updates, please subscribe to Nirmal Bang's YouTube channel.

https://youtu.be/24e0ivYD24o

For more such market updates, please subscribe to Nirmal Bang's YouTube channel.

*Solara Active Pharma – Q4FY21 Concall Update – Nirmal Bang Sec.*
*Outlook – Positive*
The company is looking to scale up newly launched products in Q2 and Q3 as well as Vizag facility is likely to ramp up further. Integration with Aurore would further boost the earnings as the acquisition is EPS accretive from year 1.

The stock is trading at 20.5x FY22E consensus earnings

• Adjusted for Ranitidine, revenues growth for FY21 is 30% vs reported 22%
• In FY21, the company has filed 8 US DMFs, which is double of last year and 3 EU DMFs
• *_CRAMS_* - there was a one-off delay in offtake by couple of customers which is likely to normalise going forward. *Solara continues to have good revenue visibility*
• *_Vizag Facility_* - the commercialisation of the Vizag facility is going on in a calibrated manner. The company has doubled its utilization rate from Q3 to Q4. The validation and commercialisation of multi-purpose facility would happen by Q1FY22
o Vizag facility had utilisation of 1/3rd in FY20 which was improved to 2/3rd in FY21. It is further likely to improve to full ramp up in next 3 months
• Vizag facility has capacity to produce covid related drug, Favipiravir. Between Aurore and Vizag, Solara would have largest capacity for Favipiravir API.
• *A couple of new products that were launched in FY21 are expected to scale up in Q2, Q3 of FY22. The company has confirmed orders for the entire year already for these product*
• The company has more exciting products in its pipeline which are likely to move into validation phase in FY22
• Capex for FY21 was Rs 174 cr with ATR of 1.8x including Vizag which is likely to scale up in FY22. Excluding this the ATR was 2.1x
• Net debt – Rs 408 cr
• *FY22 – likely to continue with same momentum of growth as FY21 with 23-25% EBITDA margins*
• Growth in semi-regulated market was higher which led to reduction in gross margins however it is likely to normalise in coming quarters
• Aims to file 10-12 products every year
• Added 4 new global pharma customers in FY21
• Capex FY22 – Rs 200-250 cr
• Looking for inorganic opportunities for CRAMS business – mainly lab/assets


https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*ICRA Ltd.* | *CMP* Rs. 3383 | *M Cap* Rs. 3265 Cr | *52 W H/L* 3985/2109
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 82.1 Cr (6.1% QoQ, -5.7% YoY) vs QoQ Rs. 77.3 Cr, YoY Rs. 87.1 Cr. Decline was mainly led by lower rating revenue at Rs. 50 Cr vs YoY Rs. 54 Cr.
EBIDTA came at Rs. 23.8 Cr (-1.6% QoQ, -26.9% YoY) vs QoQ Rs. 24.2 Cr, YoY Rs. 32.6 Cr
EBITDA Margin came at 29.1% vs QoQ 31.4%, YoY 37.5%
Adj. PAT came at Rs. 22.2 Cr vs QoQ Rs. 24.2 Cr, YoY Rs. 34.6 Cr
Quarter EPS is Rs. 23
Share is trading at P/E of 40x TTM EPS.

https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

*Craftsman Automation Q4FY21 Concall Update*

*Outlook: Neutral in near term; Positive in long term*

• Co is engaged in three business segments - Automotive Powertrain (52% of FY21 revenue), Automotive Aluminium Products segment (21%) and Industrial and Engineering segment (27%).
• Debt reduced to 704 cr in FY21 (reduction of 336 cr via (i) IPO proceeds (136 cr) and (ii) internal accruals (200 cr)). Co intends to reduce it by 200 cr in FY22. Interest cost should reduce in FY22 by 25 cr.
• Exports were at 10% of revenue in FY21.
• Capex run rate will continue to be around 100 cr as has been the case in last two years.
• Co has created good capacities and so there will be operating leverage once demand picks up.
• MHCV Industry mix is shifting towards higher tonnage, thus power train segment is doing better than the overall volume growth in MHCV industry.
• Machining sales were 121 cr n Q3 & 140 cr in Q4 (374 cr in FY21 i.e. 46% of powertrain sales of 811 cr)
• Aluminum content per vehicle will continue to increase which will drive the auto aluminum segment.
• Storage business had sales of 104 cr in FY21 against engineering segment sales of 400 cr, so a 25% mix.
• RM does not impact the power train segment as the RM here is a pass through (RM is provided by OEMs).
• RM inflation in steel & aluminum hurt gross margins during the qtr in other segments of auto aluminum products and engineering; co has increased prices which should support margins in next qtr.

Stock is trading at 16x Q4FY22 annualised EPS. https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Ndl 38.8❤️

Bsl 46❤️

Vividind 25.85 ❤️

TTL 50.65❤️

KG Denim 36.8 ❤️

Added at 31 - 31.9 - 32.5 - 33

REXNORD 43.6 ❤️

Virinchi recommend at 42.5 and added on dips till 33. Today stock made high of 57.7 ❤️. 52% returns in 3 months.

BSL 53 ❤️

Booked 80%

Short Term Bumper Call

Buy Advani Hotels at CMP of 53.3 - 54 and on dips till 51
Sl 49
Targets:- 57 - 58 - 59 - 60 - 61 - 62 - 63+
Above 63 we can see 67 - 72 - 80 +

Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing

Bse - 523269
Nse - 14745