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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*JMC Projects (India) Ltd.* | *CMP* Rs. 103 | *M Cap* Rs. 1729 Cr | *52 W H/L* 105/32
(Nirmal Bang Retail Research)
*Result is marginally below expectation*
Revenue from Operations came at Rs. 1348.6 Cr (26.5% QoQ, 43.7% YoY) vs expectation of Rs. 1310.5 Cr, QoQ Rs. 1066 Cr, YoY Rs. 938.6 Cr
EBIDTA came at Rs. 135.2 Cr (41.6% QoQ, 401% YoY) vs expectation of Rs. 143.8 Cr, QoQ Rs. 95.5 Cr, YoY Rs. 27 Cr
EBITDA Margin came at 10% vs expectation of 11%, QoQ 9%, YoY 2.9%
Adj. PAT came at Rs. 60.1 Cr vs expectation of Rs. 64.4 Cr, QoQ Rs. 25.7 Cr, YoY Rs. -34.4 Cr
Quarter EPS is Rs. 3.6
Share is trading at P/E of 12.9x FY22E EPS

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*HSIL Ltd.* | *CMP* Rs. 173 | *M Cap* Rs. 1243 Cr | *52 W H/L* 200/47
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 633.2 Cr (16.9% QoQ, 37.3% YoY) vs QoQ Rs. 541.5 Cr, YoY Rs. 461 Cr
EBIDTA came at Rs. 96.7 Cr (2.2% QoQ, 77.9% YoY) vs QoQ Rs. 94.6 Cr, YoY Rs. 54.3 Cr
EBITDA Margin came at 15.3% vs QoQ 17.5%, YoY 11.8%
Adj. PAT came at Rs. 43.8 Cr vs QoQ Rs. 35.9 Cr, YoY Rs. 3.4 Cr
Quarter EPS is Rs. 6.1
Share is trading at P/E of 12.6x TTM EPS


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*Oriental Aromatics Ltd.* | *CMP* Rs. 866 | *M Cap* Rs. 2914 Cr | *52 W H/L* 866/133
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 221.4 Cr (16.1% QoQ, 30.5% YoY) vs QoQ Rs. 190.7 Cr, YoY Rs. 169.7 Cr
EBIDTA came at Rs. 33.3 Cr (-37.7% QoQ, -6.4% YoY) vs QoQ Rs. 53.4 Cr, YoY Rs. 35.5 Cr
EBITDA Margin came at 15% vs QoQ 28%, YoY 20.9%
Adj. PAT came at Rs. 22.4 Cr vs QoQ Rs. 36.4 Cr, YoY Rs. 23.9 Cr
Quarter EPS is Rs. 6.7
Share is trading at P/E of 28.6x TTM EPS


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*PAUSHAK LTD.* | *CMP* Rs. 7376 | *M Cap* Rs. 2366 Cr | *52 W H/L* 9479/1790
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 38.7 Cr (-4.1% QoQ, 32.3% YoY) vs QoQ Rs. 40.4 Cr, YoY Rs. 29.3 Cr
EBIDTA came at Rs. 16.3 Cr (14.8% QoQ, 107.5% YoY) vs QoQ Rs. 14.2 Cr, YoY Rs. 7.8 Cr
EBITDA Margin came at 41.9% vs QoQ 35%, YoY 26.7%
Adj. PAT came at Rs. 11 Cr vs QoQ Rs. 11.5 Cr, YoY Rs. 6.4 Cr
Quarter EPS is Rs. 34.3
Share is trading at P/E of 63.4x TTM EPS.

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*Intellect Design Arena Ltd.* | *CMP* Rs. 882 | *M Cap* Rs. 11728 Cr | *52 W H/L* 882/62
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Dollar revenue came at $ 54.1 mn vs QoQ $ 51.8 mn, YoY $ 49.7 mn
Revenue from Operations came at Rs. 397.6 Cr (4% QoQ, 11% YoY) vs expectation of Rs. 392.3 Cr, QoQ Rs. 382.2 Cr, YoY Rs. 358 Cr
EBIDTA came at Rs. 99.9 Cr (3.8% QoQ, 78.2% YoY) vs expectation of Rs. 101.3 Cr, QoQ Rs. 96.3 Cr, YoY Rs. 56.1 Cr
EBITDA Margin came at 25.1% vs expectation of 25.8%, QoQ 25.2%, YoY 15.7%
Adj. PAT came at Rs. 80.6 Cr vs expectation of Rs. 77.6 Cr, QoQ Rs. 80.4 Cr, YoY Rs. 41 Cr
Quarter EPS is Rs. 6.1
Share is trading at P/E of 36.6x FY22E EPS. https://t.me/marketswizard

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*BAN FOR 11 MAY-2021 :*

1. NATIONALUM
2. SUNTV
3. PNB


*Added PNB*

*Deleted BHEL,TATACHEM*

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HFCL:
Q4 CONS NET PROFIT 846.7M RUPEES VS 58M (YOY) | 822M (QOQ)

Q4 REVENUE 13.91B RUPEES VS 6.63B (YOY)

CO HAS RECOMMENDED A DIVIDEND OF RUPEE 0.15 PER EQUITY SHARE


FEDERAL BANK: CO TIES UP WITH MASHREQ BANK TO OFFER INSTANT MONEY TRANSFERS FROM UAE TO INDIA


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NALCO w.e.f. 11.05.2021 increased the basic price of Aluminium Metal Products by Rs.7,500/- PMT.

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*Jindal Steel Prepays $336M of Loans, Aims to Be Net-Debt Free*

Jindal Steel & Power Ltd. has made a prepayment of Rs2462cr ($336 million) to its term lenders. The latest repayment is over and above the annual committed debt reduction in the financial year 2020-21. JSPL had a debt of Rs25600cr as of Dec. 31. “In the coming quarters we intend to further strengthen our balance sheet and become net-debt free in the near future,” MD V.R. Sharma says in statement. https://t.me/marketswizard

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Dividend Announcements

👉🏻Venkys India Ltd board recommends dividend of Rs. 17

👉🏻Satia Industries Ltd board recommends dividend of Rs. 0.10

👉🏻Zydus Wellness Ltd Board recommends Final Dividend of Rs. 5

👉🏻Vinyl Chemicals India Ltd board recommends dividend of Rs. 3.75

👉🏻PPAP Automotive Limited Board approves final dividend of Rs. 1 for FY21

👉🏻Paushak Limited board recommends dividend of Rs. 6
👉🏻De Nora India Ltd Board approves dividend of Rs. 1

👉🏻Sangam Renewables Ltd Q4FY21 consolidated loss at Rs. 0.64 crore

👉🏻Chambal Fertilisers & Chemicals Ltd Board recommends Final Dividend of Rs. 4.50

👉🏻HSIL Ltd Board recommends dividend of Rs. 4
👉🏻JMC Projects India Ltd board recommends dividend of Rs. 0.70 for FY21

👉🏻HFCL Ltd board recommends dividend of Rs. 0.15 for FY21. https://t.me/marketswizard

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Life Insurance Monthly Update for Apr 2021

# April is seasonally the weakest month for insurance companies, so its relevance is low. On MoM basis, all listed companies’ APE declined between 64-73%
# Also last year’s lockdown would mean magnified growth on YoY basis

Apr 2021 APE - Total Pvt. Players increased by +79% YoY to Rs. 2,210 Cr
> Outperformers: SBI +130%, Max +126%, HDFC Life +90%
> Underperformers: ICICI +72%, Bajaj +71%


Bajaj Allianz Life Insurance Co. Ltd. (Bajaj Finserv) Apr'21 performance
• APE came at Rs. 163 Cr. vs YoY Rs. 95 Cr. (+71%) and MoM Rs. 556 Cr. (-70%)
• Apr. Month Market Share (pvt player APE) came at 7.4% vs YoY 7.7% and MoM 6.5%

SBI Life Insurance Company. Ltd. Apr'21 performance
• APE came at Rs. 432 Cr. vs YoY Rs. 187 Cr. (+130%) and MoM Rs. 1,596 Cr. (-73%)
• Apr. Month Market Share (pvt player APE) came at 19.5% vs YoY 15.2% and MoM 18.7%

ICICI Prudential Life Insurance Company. Ltd. Apr'21 performance
• APE came at Rs. 273 Cr. vs YoY Rs. 158 Cr. (+72%) and MoM Rs. 993 Cr. (-72%)
• Apr. Month Market Share (pvt player APE) came at 12.3% vs YoY 12.8% and MoM 11.6%

HDFC Life Insurance Company. Ltd. Apr'21 performance
• APE came at Rs. 436 Cr. vs YoY Rs. 230 Cr. (+90%) and MoM Rs. 1,209 Cr. (-64%)
• Apr. Month Market Share (pvt player APE) came at 19.7% vs YoY 18.7% and MoM 14.2%

Max Life Insurance Company. Ltd. Apr'21 performance
• APE came at Rs. 240 Cr. vs YoY Rs. 106 Cr. (+126%) and MoM Rs. 871 Cr. (-72%)
• Apr. Month Aprket Share (pvt player APE) came at 10.8% vs YoY 8.6% and MoM 10.2%

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Intellect design arena

#intellect

Good q4fy21 nos

Rev at 386cr vs 151cr

Pbt at 90cr vs 42cr
Q3 PBT at 86cr

PAT at 82cr vs 41cr

Eps of 6rs
Fy21 eps of 20ra

Ocf at 463cr vs 43cr. https://t.me/marketswizard

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