Economic Times
 
Business Standard

Ø  Crisil flags off downside risks to its FY'22 growth forecast after the second wave
Ø  Government eases procurement norms, bank guarantees for oxygen, Covid-19 supplies
Ø  Rupee levels too crucial for inflation management: Report
Ø  Reliance, affiliates buy 3/4 of KG-D6 gas volumes
Ø  Total vehicle registration in India slips 30 per cent to 1,52,71,519 units in 2020-21: FADA
Ø  NITI Aayog calls for strengthening payment infrastructure
Ø  Implementation of Labour Codes may be pushed to next year

 
Ø  RBI modifies norms for undertaking govt business by private banks
Ø  Relief to only postpone financial stress from India's Covid surge: Fitch
Ø  PNB to raise equity capital from share sale; sets floor price at Rs 35.51
Ø  Debt MFs see Rs 84,202-cr outflow in Q4 on redemption from liquid funds
Ø  JPMorgan, Deutsche Bank among firms sued by 1MDB over $23-bn loss
Ø  HDFC to sell 0.62% stake in HDFC ERGO for Rs 236 cr
Business Line
 
Mint
Ø  Approval for Vivimed to manufacture Favipiravir tablets
Ø  Blackstone Real Estate acquires Embassy Industrial Parks in $700-m deal
Ø  BharatPe raises ₹50 crore in debt from Northern Arc Capital
Ø  India Inc’s overseas borrowing touches $9.23 billion, a two year high in March
Ø  ‘Steps taken to boost supply of Covid drugs across States/UTs’
 
Ø  Oil gains after cyberattack forces shutdown of US fuel pipelines
Ø  Economic activity down in April, May but shock less severe than 2020: Fitch
Ø  Sebi’s skin-in-the-game directive could misfire
Ø  JSW Hydro raises $750 mn in first offshore bond issuance
Ø  Iron ore turns ‘very hot’ as 10% surge adds to commodities boom
Ø  SBI Card raises ₹455 crore by issuing bonds
Financial Express
 
Business World
Ø  RBI amends KYC norms to further leverage video-based customer identification process
Ø  Outpouring of support from US for India, COVID-19 help touches USD half a billion
Ø  Greenply Industries to set up Rs 75-cr plant in UP
 
Ø  India's Sugar Exports On Good Course; Contracts Over 50 Lakh Tonnes So Far
Ø  IndiGo Board Gives Green Signal to Raise Rs 3,000 Cr Via QIP
Ø  RBI Appoints Jose J Kattoor As Executive Director


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Asia-Pacific markets are trading sharply lower today following a sell-off in tech stocks that weighed down major U.S. indexes overnight.
as investors exited Big Tech stocks including Microsoft and Apple. The Nasdaq Composite suffered the largest loss, falling by 2.5%.

Nikkei is trading 679 points lower
HangSeng is trading 574 points lower
SGX Nifty is trading 185 points lower

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Buzzing Stocks: Coforge, PNB, HFCL and others that will be in focus today
https://www.moneycontrol.com/news/photos/business/stocks/buzzing-stocks-coforge-hfcl-jmc-projects-and-others-that-will-be-in-focus-today-6876971.html

🇮🇳 *India Daybook*

🔹 *Stocks in News*

*HSIL Q4:* Profit at Rs 33.0 crore versus Rs 3.4 crore, Revenues at Rs 633.0 crore versus Rs 461.0 crore YoY (Positive)

*Denora Q4:* Profit at Rs 3.35 cr vs Rs 2.2 crore, Revenue at Rs 20.6 cr vs 13.2 crore (Positive)

*Vinyl Chem:* Profit at Rs 38.7 cr vs loss of Rs 0.25 crore, Revenue at Rs 166.0 cr vs 71.0 crore (Positive)

*PPAP Automotive Q4:* Profit at Rs 7.0 crore versus Rs 5.8 crore, Revenues at Rs 114.0 crore versus Rs 103.0 crore YoY (Positive)

*Satia industries Q4:* Profit at Rs 20.9 crore versus Rs 0.37 crore, Revenues at Rs 173.0 crore versus Rs 143.0 crore YoY. (Positive)

*JMC Projects:* Net profit at Rs 41.44 crore in Q4FY21 against a loss of Rs 54.76 crore in Q4FY20. Revenue rose to Rs 1,392.22 crore from Rs 976.28 crore, YoY. (Positive)

*Paushak:* The company’ Q4FY21 net profit rose to Rs 11.01 crore from Rs 6.37 crore, while revenue increased to Rs 38.74 crore from Rs 29.28 crore, YoY (Positive)

*JSW Energy:* The company’s subsidiary JSW Hydro Energy has raised USD 707 million through US dollar-denominated senior secured notes. (Positive)

*Indian Overseas Bank:* The bank’s board will meet next week to issue preference shares to the government for Rs 4,100 crore capital infusion. (Positive)

*Punjab National Bank:* board sets QIP floor price at Rs 35.51 per share. (Neutral)

*Hindustan Unilever:* The company’s Executive Director Sudhir Sitapati is leaving the organisation and will be replaced by Srinandan Sundaram. (Neutral)

*InterGlobe Aviation:* The company’s board has approved raising up to Rs 3,000 crore through the sale of shares to institutional investors. (Neutral)

*Coforge:* Hulst BV, the sole promoter of the company, offloaded shares worth a little over Rs 616 crore in the firm, through an open market transaction. (Neutral)

*Chambal Q4:* Profit at Rs 165.0 crore versus Rs 203.0 crore, Revenues at Rs 1640.0 crore versus Rs 1969.0 crore YoY (Neutral)

*Oriental Aromatics Q4:* Profit at Rs 22.4 crore versus Rs 23.8 crore, Revenues at Rs 221.0 crore versus Rs 170.0 crore YoY (Neutral)

*HFCL:* Net profit at Rs 84.67 crore in Q4FY21 against Rs 5.78 crore, YoY. Revenue jumped to Rs 1,391.4 crore from Rs 663.19 crore, YoY. (Neutral)


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*HFCL Ltd.* | *CMP* Rs. 34 | *M Cap* Rs. 4405 Cr | *52 W H/L* 35/9
(Nirmal Bang Retail Research)
*Result ok* *Though Operationally result improved but debtors day deteriorated to 7 months*
Revenue from Operations came at Rs. 1391.4 Cr (8.9% QoQ, 109.8% YoY) vs QoQ Rs. 1277.5 Cr, YoY Rs. 663.2 Cr
EBIDTA came at Rs. 181.3 Cr (4.9% QoQ, 154.1% YoY) vs QoQ Rs. 172.9 Cr, YoY Rs. 71.4 Cr
EBITDA Margin came at 13% vs QoQ 13.5%, YoY 10.8%
Adj. PAT came at Rs. 84.7 Cr vs QoQ Rs. 83 Cr, YoY Rs. 5.8 Cr
Quarter EPS is Rs. 0.7
Share is trading at P/E of 18.1x TTM EPS

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𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴 𝗳𝗮𝗰𝘁𝘀 𝗯𝗲𝗵𝗶𝗻𝗱 𝘁𝗵𝗲 "𝗡𝗮𝗺𝗲" 𝗼𝗳 𝗜𝗻𝗱𝗶𝗮'𝘀 𝗿𝗲𝗽𝘂𝘁𝗲𝗱 𝗕𝗿𝗮𝗻𝗱𝘀/ 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 :

*1.* "𝗗𝗮𝗹𝗱𝗮"
The famous ghee was imported by a Dutch company Dada & company. To reflect it's ownership Hindustan Lever added "𝗟 " in middle of Dada.

*2.* " 𝗗𝗮𝗯𝘂𝗿 "
The eccentric etymology of Dabur comes from founding father Dr. S.K.Burman famous for his Ayurvedic medicines often be called in Bengali "𝗗𝗮"ctar "𝗕𝘂𝗿"man.

*3.* "𝗥𝗮𝗻𝗯𝗮𝘅𝘆"
Two colleagues "𝗥𝗮𝗻"jit Singh and Gur"𝗯𝗮𝘅" Singh of a Japanese pharmaceutical company founded new venture" 𝙍𝙖𝙣𝙗𝙖𝙭𝙮" in Amritsar.

*4.* "𝗧𝗮𝗻𝗶𝘀𝗵𝗾"
The name "Tanishq" was a masterstroke coined by Xerxex Desai then Vice Chairman & MD of Titan Industries. The name took "𝗧𝗮" from Tata and "𝗡𝗶𝘀𝗵𝗸" means piece of jewelry.

*5.* "𝗔𝗺𝘂𝗹 "
𝗔nand 𝗠ilk 𝗨nion 𝗟imited of Anand district Gujarat started the Amul by picking first letter of the union in 1946 & became India’s first commercially made butter.

*6.* "𝗧𝗩𝗦"
A transportation company was founded in 1911 by 𝗧hirukkurungudi 𝗩engaram 𝗦undram Iyengar - Chennai. by picking first letters of the initials. Now it is well diversified company in many fields.

*7.* "𝗖𝗶𝗽𝗹𝗮"
The founder Dr K.A. Hamied gave the company title initially as 𝗖hemical, 𝗜ndustrial and 𝗣harmaceutical 𝗟𝗮boratories in 1935 in Mumbai. Now it is a leading drug manufacturer.

*8.* "𝗗𝗲𝗻𝗮 Bank"
It was founded on 26 May 1938 by the family of 𝗗𝗲vkaran 𝗡𝗮njee, an Indian financier more popularly known as C.D. Desai.

*9.* "𝗠𝗮𝗵𝗶𝗻𝗱𝗿𝗮 𝗮𝗻𝗱 𝗠𝗮𝗵𝗶𝗻𝗱𝗿𝗮 "
Two brothers J.C. and K.C. Mahindra, along with Malik Ghulam Mohammed, set up initially "𝗠𝗮𝗵𝗶𝗻𝗱𝗿𝗮 𝗮𝗻𝗱 𝗠𝗼𝗵𝗮𝗺𝗺𝗲𝗱" in 1945 as a steel trading firm. When Mohammed emigrated to Pakistan to serve as the country’s first finance minister, it was renamed Mahindra and Mahindra Ltd.

*10.* "𝗪𝗶𝗽𝗿𝗼"
The company was incorporated on 29 December 1945 in Amalner, Maharashtra by Mohamed Premji as "𝗪estern 𝗜ndia 𝗣alm 𝗥efined 𝗢il Limited". Later In 1966, after Mohamed Premji's death, his son Azim Premji took over Wipro as its chairman at the age of 21 and entered in software development.


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