*CSB Bank Ltd.* | *CMP* Rs. 258 | *M Cap* Rs. 4476 Cr | *52 W H/L* 280/109
(Nirmal Bang Retail Research)
*Result is ok* - Strong performance on NII growth marred by elevated opex
Net Interest Income came at Rs. 276 Cr vs YoY Rs. 158 Cr, QoQ Rs. 251 Cr
Non Interest Income came at Rs. 112 Cr vs YoY Rs. 87 Cr, QoQ Rs. 117 Cr
Opex came at Rs. 259 Cr vs YoY Rs. 137 Cr, QoQ Rs. 185 Cr
The bank is planning to add close to 200 branches in FY 22 compared to 101 branches in FY21. Total branhes as on date stand at 514.
Cost to income for the qtr stood at 66.8% vs YoY 56.2%, QoQ 50.4%
PBP came at Rs. 129 Cr vs YoY Rs. 107 Cr, QoQ Rs. 182 Cr
Provisions came at Rs. 71 Cr (1.9%) vs YoY Rs. 84 Cr (3.3%), QoQ Rs. 111 Cr (2.9%)
Total contingent provisions stand at Rs. 102 Cr (0.7% of AUM).
Adj. PAT came at Rs. 43 Cr vs YoY Rs. -60 Cr, QoQ Rs. 53 Cr
Slippages came at Rs. 188 Cr vs QoQ (non proforma) Rs. 0 Cr with slippage ratio of 5.21% vs QoQ 0%
Gross NPA came at Rs. 393 Cr vs QoQ (non proforma) Rs. 235 Cr at 2.68% vs QoQ 1.77%
Net NPA came at Rs. 169 Cr vs QoQ (non proforma) Rs. 90 Cr at 1.17% vs QoQ 0.68%
Quarter EPS is Rs. 2.5
Share is trading at 2.2x trailing P/Adj. BV


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Books - Make India Read
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Zerodha co-founder Nikhil Kamath says playing chess improved his trading skills

https://www.cnbctv18.com/market/stocks/zerodha-co-founder-nikhil-kamath-says-playing-chess-improved-his-trading-skills-9236791.htm

*MARKET SCAN*

*Closing above last week high*
Coforge
Aartidrug
Dcal
Intellect
Adani green
Iolcp
Utiamc
Nilkamal
Hindalco
Mphasis
Midhani
Iex
Navin fluro
Isec
Balkrishna
Endurance
Fineorg
Garware fib
Dalmia bharat
Bajfin
Hpcl
Thermax

*Closing above last month high*
Wockph
Dcal
Aartidrug
Coforge
Caplipon
Intellect
Utiamc
Iex
Navin fluro
Iolcp
Isec
Balkrishna
Fineorg
Mphasis
Appollohospital
Bajfin
Hpcl
Thermax

*Closing above 52week high*
Coforge
Happiestmind
Bse
Wockph
Intellect
Aartind
Nmdc
Tata Steel
Mphasis
BHEL
Jbchem
Fsl
Solara
Wipro

*Closing above 2 years high*
Coforge
Bse
Wockph
Indoco
Intellect
Aarti ind
Marico
Navinfluro
Ajanta ph
Nmdc
Tatastl
Mphasis
Jbchem
Solara
Wipro

*Closing above 5years high*
Coforge
Intellect
Aartind
Marico
Navinfluro
Nmdc
Tatastl
Mphasis
Jbchem
Wipro

*TTK Prestige: Co. Informs As per Tamil nadu govt . instruction to curtail covid 19 cases, Co.s Hosur & Coimbatore factories will not function from may 10 to May 24 (Negative)*

*MARUTI SUZUKI ; Co. Informs Maintenance shut down which was till 9 may , is bieng extended till 16 may in covid situation. Some activity will continue in plant(Negative)*


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*MONEY TIMES TALK 8 MAY*

RIL’s Q4 NP doubled to over Rs. 14,995 cr. while Sales rose 13.6% to Rs. 172,095 cr. aided by recovery in petrochemicals business. Strong demand across all verticals also lifted Reliance Retail by 45%. Add this evergreen share.

IndusInd Bank Q4 profit tripled to Rs. 926 cr. as provisions fell to Rs. 1866 cr. from Rs. 2440 cr. The share may rise further. Add.

Pharma companies are on a roll. Ajanta Pharma posted 23% rise in NP and Q4 EPS of Rs. 18.40 v/s Rs. 14.80 last year.

Covid blues exert pressure on the hotel industry. Indian Hotels suffered a Q4 loss of Rs. 91 cr. The downward trend is likely to continue. Stay away for next few quarters.

*YES Bank’s Q4 losses mounted to Rs. 3788 cr. on the back of higher provisioning. It will take a long time to come back on track. Stay away.*

Powered by stable financials and a sound business model, Divis Laboratories is surging ahead to hit a new high in a short time.

KPIT Technologies is eyeing acquisitions. This zero-debt company, which is into automotive and mobility sector expects double digit growth in the next few years and deserves to be added.

Motherson Sumi has completed acquisition of Bombardier’s electric wiring business for around $ 10 mn through its Mexican subsidiary. A positive for the Company. Add.

CDSL, which opened lakhs of new demat accounts, posted 84% rise in Q4 PAT of Rs. 51.64 cr. The company has a long way to go. Add.

Dwindling sales in the Covid pandemic resulted in Godrej Properties’ Q4 loss of Rs. 192 cr. v/s profit of Rs. 102 cr. in Q4FY20. Prudent investors may remain away for two or three quarters until the pandemic eases.

Supreme Industries’ super Q4 EPS of Rs. 35.46 v/s Rs. 9.23 in Q4FY20 makes this share a compelling buy. The company also declared 850% dividend (Rs. 17.50 per share). Buy immediately.

Indigo plans to raise around Rs. 4000 cr. of debt given the sharp fall in passengers. This will result in high interest outgo. Sell and stay away for some time.

Alembic Pharma Q4 profit rose 12% to Rs 251 cr. The pharma industry is faring well and this share can move up further. Add.

Adani Ports posted excellent Q4 results with profits zooming 288% to Rs. 1321 cr. All analyst are sanguine about this share. Add.

APL Apollo’s profits were stunning with Q4 EPS at Rs. 12.69 v/s Rs. 4.72 in Q4FY20, which points to an excellent FY22. A good buy at the current rates.

Strong demand and firm prices contributed to higher profits by Tata Steel BSL. Although the share has already doubled after recommended by Money Times two months back, it is still an excellent buy.

The AP High court has suspended the closure notice issued to Amara Raja Batteries by the AP Pollution Control Board. This positive news will help the company revive. Add.

Hero Motors’ Q4 profit jumped 39% to Rs. 865 cr. despite the pandemic. This share remains an evergreen buy. Add.

With the highest ever Q4 profit, Tata Steel is scaling new highs backed by higher profitability in the coming few quarters. Add.

Specialty chemicals major, Hikal, posted good Q4 results and FY21 EPS at Rs. 10.80 v/s Rs. 6.85 in FY20. The trend looks positive for the next few quarters too. Add.

We recommended Themis Medicare last week. The share price has already jumped nearly Rs. 100 and remains i a good buy. Add selectively with a strict stop loss.

Securities and Intelligence posted Q4 EPS of Rs 6.9 and FY21 EPS of Rs 25, which could rise to Rs 35 in FY22. It foresees key triggers in labour reforms, client preference to technology, and the opening up of economies post Covid-19. Buy for 30% gain.

Shree Ajit Pulp & Paper Mills, one of the top recycled Kraft Paper manufacturers, has posted Q3FY21 EPS of Rs 18.1 and Rs 27 for 9MFY21. This could lead to an EPS of Rs 40+ in FY21 on small equity of Rs 5.3 cr. A reasonable P/E of 10x can take its share price to Rs 400. Buy.

Angel Broking, India’s 4th largest stockbroking house with a market share of 6.3% has posted 229% higher Q4EPS of Rs 12.5 and 261% higher FY21 EPS of Rs 38.8 on its post IPO capital of Rs 81.8 cr. A likely FY22 EPS of Rs 45 and a P/E of 12.5x can take its share price to Rs 562. Buy.

Deccan Cements manufactures a wide variety of cements and has expanded. It posted 725% higherQ3 EPS of Rs 24 and 56% higher 9MFY21 EPS of Rs 66, which could take FY21 EPS to Rs 90 on its small equity of Rs 7 cr. The share, which made a lifetime high of Rs 1280 on 28 April 2017, is poised to double in the medium-to-short term. Buy.

Ajanta Soya manufacturing Vanaspati and cooking oils with bakery products like biscuits, puffs, pastries etc. for blue-chip clients like Britannia, Goodrich, Parle, Priyagold, Pepsico, ITC, Sungold, Haldiram etc, has notched 250% higher Q3 EPS of Rs 4.8 and 93% higher 9MFY21 EPS of Rs 15.7, which could yield FY21 EPS of over Rs 21. With its expansion over in Dec 2020, it may end FY22 EPS with Rs 25. Buy for 50% gain.

Indo Thai Securities serving corporates, affluent individuals and retail investors for 20 years has notched Q3 EPS of Rs 5 and 9MFY21 EPs of Rs 10, which may lead to FY21 EPS of Rs 15. A conservative P/E of 5x can take its share price to Rs 75. Accumulate.

Eveready Industries notched 180% higher Q3 EPS of Rs 6.7 and 48% higher 9MFY21 EPS of Rs 18 in 9MFY21 and may post FY21 EPS of Rs 28. The Dabur promoters holding 19.3% may hike their stake further. Buy for a decent 30% gain.

The Great Eastern Shipping with 33 tankers and 13 dry bulk carriers will buy a second hand Supramax Bulk Carrier of about 56,103 DWT and also eyeing Shipping Corporation of India. The share may touch Rs 600 mark as it could post FY21 EPS of Rs 60 +. Buying by funds and the promoter is reported on the counter. Accumulate.

IIFL Securities, a key player in the retail and institutional segments with 2500 offices across 500 cities, continues to expand after acquiring 1.1 million demat accounts from Karvy. It posted 108% higher Q4 EPS of Rs 2.4 and FY21 EPS of Rs 7, which may rise to FY22 EPS of Rs 12. Buy for 50% gain.

Nava Bharat Ventures, manufacturer of ferro alloys, is now a multinational operating in India, Europe, Middle East, South East Asia and Africa and operates several power plants of 743 MW capacity. It posted Q3 EPS of Rs 7.3 and 9MFY21 EPS of Rs 18 and may notch FY21 EPS of Rs 24. After selling its sugar plants, the share may rise over 40% in the medium term. Buy.

Technocraft Industries, which makes drum closures, scaffolding, formwork, yarn & fabrics and into design & engineering with a 15MW power plant has notched Q3 EPS of Rs 17, 9MFY21 EPS of Rs 39.3, and is expected to end FY21 with an EPS of Rs 55. The share may touch Rs 550 on a P/E multiple of 10x. Buy.

Chamanlal Setia, a leading rice exporter, has notched 18% higher Q3 EPS of Rs 3.8 and 89% higher 9MFY21 EPS of Rs 11.7, which may lead to FY21 EPS of Rs 16. The share can advance by 25% going forward. Buy.

Privi Speciality Chemicals leading manufacturer and exporter of fragrance chemicals has made a new life time high but it is still a good buy at around Rs. 1025. A must buy for quick returns.

*Anuh Pharma is a leading manufacturer of Erythomycin, Chloramphenicol, Pyrazinamide and Azithromycin, which is in huge demand in the Covid pandemic and its price has shot up from Rs 8000 to 11500 per kg in the last few days. Buy for short term gains. It may cross its 52-week high in the medium term.*

Themis Medicare recommended last week has gained 30%. Now focus on blue chip ITC Ltd. that has been consolidating long at this level for long. This FMCG giant is due for a breakout soon and reward shareholders like in the past.

Indian Metals & Ferro Alloys (IMFA) is still available at half its peak value of 2017 peak shows signs of a breakout. Buy for 50% gains.

TV18 Broadcast’s merger with group companies of Network18 stands cancelled. With a near monopoly in business news, TV18 should be bought at every decline for multi-bagger gains as the stock has the potential to regain its 3 year lost glory when it was quoted in 3 digits.

Ness Wadia has resigned from Bombay Dyeing to let professionals run it the way they do group co. Britannia. Signs of better days ahead in a few years. A sure-shot multi-bagger.

Digispice Technologies has appointed Abhay Aima, ex-top honco at HDFC Bank with vast experience in Private Banking, Digital Banking, International Business and HDFC Securities. Seems Digispice will raise funds from PE investors for Spice Money. The stock trades at a market cap of just Rs 700 crore. A screaming buy.

Hikal Ltd. came out with good Q4 numbers and has signed a multiyear deal with a MNC pharma co. Any decline to Rs 280-300 level would be a good opportunity to enter the stock.

Hindustan Copper recommended last week is up 15% and was in upper circuit on Friday. This is the biggest commodity cycle and copper price is flying high every day. Ride the cycle.

Borosil Ltd. is market leader with 30-35% market share and makes glass vials for vaccine doses used for covid vaccine storage. Technically, it has given a breakout at Rs 230. Buy for a target of Rs 290.

SPIC Ltd. has switched from a high-cost naphtha producer to a low-cost natural gas operations, which will help grow its topline and achieve sustainable profit growth. Buy for a target of Rs 60

Borosil Renewables is one of the biggest Solar glass manufacturers and the government’s PLI scheme will benefit it. Technically, the stock has consolidated around Rs 240 level and is on the verge of a breakout. Buy for a target of Rs 300.

Religare’s Care Insurance IPO will hit the market soon and unlock great value for investors. Technically, the stock is placed at very good levels and is ready for a multiyear breakout above Rs 105. Buy with a target of Rs 160.

Iron ore prices are at multi-year highs and going up every day. NMDC is the largest iron ore producer and the major beneficiary of the high prices. Technically, the stock has given a multiyear breakout at Rs 183 in July 2014. Buy for a target of Rs 260.

*An Ahmedabad based analyst recommends to buy Anuh Pharma, Dhanlaxmi Roto, Patels Airtemp, Pasupati Acrylon, Swelect Energy,Uttam Sugars and Vipul Organics*


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*DCB Bank Ltd.* | *CMP* Rs. 91 | *M Cap* Rs. 2818 Cr | *52 W H/L* 127/58
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Net Interest Income came at Rs. 311 Cr vs expectation of Rs. 333 Cr, YoY Rs. 324 Cr, QoQ Rs. 335 Cr
Non Interest Income came at Rs. 134 Cr vs expectation of Rs. 106 Cr, YoY Rs. 110 Cr, QoQ Rs. 155 Cr
PBP came at Rs. 205 Cr vs expectation of Rs. 221 Cr, YoY Rs. 212 Cr, QoQ Rs. 277 Cr
Provisions came at Rs. 101 Cr vs expectation of Rs. 136 Cr, YoY Rs. 118 Cr, QoQ Rs. 148 Cr
Total contingent provisions remained at Rs. 229 Cr (0.9% of AUM), same as on Q3.
Adj. PAT came at Rs. 78 Cr vs expectation of Rs. 68 Cr, YoY Rs. 69 Cr, QoQ Rs. 96 Cr
Gross NPA came at Rs. 1083 Cr vs QoQ Rs. 936 Cr at 4.1% vs QoQ 3.7%
Net NPA came at Rs. 594 Cr vs QoQ Rs. 486 Cr at 2.3% vs QoQ 1.9%
Slippages came at Rs. 664 Cr vs QoQ (non proforma) Rs. 0.5 Cr with slippage ratio of 10.23% vs QoQ 0.01%
FY21 slippages were at Rs. 679 Cr (2.6%) compared 2.6% in FY20 and 1.8% before FY20
Quarter EPS is Rs. 3
Share is trading at P/E of 7.2x FY22E EPS & 0.9x trailing P/Adj. BV


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*Bandhan Bank Ltd.* | *CMP* Rs. 297 | *M Cap* Rs. 47835 Cr | *52 W H/L*
(Nirmal Bang Retail Research)
*Result is below expectations*
Net Interest Income came at Rs. 1757 Cr vs expectation of Rs. 2094 Cr, YoY Rs. 1680 Cr, QoQ Rs. 2072 Cr
Non Interest Income came at Rs. 787 Cr vs expectation of Rs. 568 Cr, YoY Rs. 500 Cr, QoQ Rs. 553 Cr
PBP came at Rs. 1729 Cr vs expectation of Rs. 1820 Cr, YoY Rs. 1521 Cr, QoQ Rs. 1914 Cr
Provisions came at Rs. 1594 Cr vs expectation of Rs. 1200 Cr, YoY Rs. 827 Cr, QoQ Rs. 1069 Cr
Bank made contingent provisions of Rs. 1034 Cr during the qtr
Adj. PAT came at Rs. 103 Cr vs expectation of Rs. 497 Cr, YoY Rs. 517 Cr, QoQ Rs. 633 Cr
Gross NPA came at 6.8% vs QoQ 7.1% (Proforma)
Net NPA came at 3.5%
Quarter EPS is Rs. 0.6
Share is trading at P/E 11.3x FY22E EPS and trailing P/Adj BV of 3.3x


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Advised Premium Group members to add Raymond on 23 April today made a high of 351.95❤️❤️


17.3% returns done ✅✅❤️

Members can book profit at their own comfort or hold with TSL

Izmo call given to Premium group members in March today made a high of 86.85 ❤️❤️

55% returns done in 42 days❤️❤️

Members can book profit at their own comfort or hold with TSL

Jindal Steel Call given on 26th November as Delivery Call...made a new 52 week high of 485❤️ 😍

106.3% returns done ✅✅


Members can book profit at their own comfort or hold with TSL

Ndl Call given to all group members yesterday and made a high of 38.8 ❤️❤️❤️

17.57% returns done 😍❤️

Members can book profit at their own comfort or hold with TSL

Rexnord call given to all group members on 3 May and made a high of 43.85❤️❤️

15.4% returns done in 5 days ❤️

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Rsystem call given to Premium group members in December today made a high of 155 ❤️❤️

25% returns done ❤️✅

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Virinchi call given to Premium group members in February today hit high 57.7 and UC Locked 🔒🔒❤️❤️

74.8% returns in 2 months ❤️❤️

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Paracables call given to all group members on 9 April today made a high of 10.85❤️❤️
20.5% returns done in a month ❤️❤️

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Vividind call given to all group members today and made a high of 25.85❤️❤️

10% returns done in 2 days ❤️✅

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Bsl call given to all group members in March today made a high of 55.1 and UC Locked 🔒🔒❤️❤️

42.85% returns done ❤️✅

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Kansai Nerolac call given to Premium group members day before yesterday as Results play stock today made a high of 600❤️❤️

2.5% returns done ❤️✅

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TTL call given to all group members today and made a high of 51.45❤️❤️

8.3% returns done in 2days ❤️❤️

Members can book profit at their own comfort or hold with TSL