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Bessemer Ventures & Investcorp-backed Medi Assist Files DRHP for Rs 840-crore IPO

If plans fructify, it would be the first ever IPO in India by an insurance third party administrator

https://www.moneycontrol.com/news/business/companies/bessemer-ventures-investcorp-backed-medi-assist-files-drhp-for-rs-840-crore-ipo-6877761.html

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CABINET BRIEFING BY UNION MINISTER PRAKASHJAVDEKAR AT NATIONAL MEDIA CENTRE, NEWDELHI AT 3PM

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GOVT HAS TOLD BHARAT BIOTECH AND PANECEA TO COME TOGETHER AND RAMP UP PRODUCTION OF COVAXIN. GOVT HAS ALSO TOLD OTHER GOVT AFFILIATED INSTITUTIONS TO PRODUCE COVAXIN: BJP SPOKESPERSON SAMBIT PATRA.

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🎗️🎗️🎗️🎗️🎗️🎗️🎗️🎗️🎗️🎗️🎗️🎗️
*FINANCIAL NEWS BULLETIN 12.05.2021*
*FORWARDED BY INDIAN BANK EMPLOYEES' UNION, DELHI.*
*AFFILIATED TO ALL INDIA BANK EMPLOYEES' ASSOCIATION*
🎗️🎗️🎗️🎗️🎗️🎗️🎗️🎗️🎗️🎗️🎗️🎗️
*The Finance Ministry has re-energised its effort to get more people, especially from lower-income group and vulnerable sections, to enrol under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), a low-cost life insurance scheme. But bankers are not very enthused about this effort. “In these testing times, let’s take a step towards security. Subscribe to PMJJBY and secure the safety of your loved ones. Available to people in the age group 18 to 50 years with a bank account who give their consent to join/enable auto- debit of premium,” the DFS said in a tweet.*
-Business Line

*Private banks, which worked as agency banks for Govt businesses prior to 2012, are allowed to undertake such agency jobs for central and state Govts without any fresh approval, RBi India said Monday. Banks seeking fresh approval from RBI for Govt agency businesses should be healthy and are not under prompt corrective action framework or moratorium at the time of making the application or signing of the agreement with RBI, the RBI said. At present, no private bank is under PCA.*
-Economic Times

*India is seeing an increasing digitization of financial services, with consumers shifting from cash to cards, wallets, apps, and UPI, Niti Aayog Vice Chairman Rajiv Kumar said.*
-Business Standard

*Yes Bank today said it has appointed Indranil Pan as its chief economist. Pan joins the bank from rival IDFC First. Pan and his team will provide strategic and policy-level inputs for the bank, based on macroeconomic developments at global and national level, a statement said.*
-Economic Times

*The board of IDBI Bank will consider the proposal to raise equity capital through various modes in its meeting on May 15, the bank said in a regulatory filing.*
-Business Standard

*Jammu & Kashmir Bank has postponed its board meeting to discuss the proposal of Rs 500 Cr capital infusion from the state Govt. The meeting stands postponed, the bank said in a regulatory filing.*
-Business Standard

*Bay Tree India Holdings has cut its stake in YES Bank further from 6.03% as at March-end 2021 to 5.40% now. Bay Tree India Holdings had 7.48% stake in YES Bank as at Dec-end 2020.*
-Business Line

*Jana Small Finance Bank said its customers will now have the option of choosing their favourite numbers for their savings or current account. A press statement from the Co said that the bank will allow its customers to choose their favourite numbers as the last 10 digits of their bank account, savings or current.*
-Business Line

*Global economic research and sovereign rating firm Moody’s lowered India’s growth forecast to 440 basis points per cent for FY 2021-22. However, it has upped the estimate for FY 2022-23 to 170 basis points.*
-Business Line

*The Centre has asked states to prioritise those who are waiting for their second dose of vaccination at a virtual high-level review meeting taken by the Health Secretary. States were asked to reserve at least 70% of the vaccines supplied to them for second dose vaccination and the remaining 30% for the first shot. However, states have the liberty to enhance this to as much as 100%.*
-Business Line

*USD /INR 73.34*
*Sensex 49161.80*
*BSE Bankex 37437.34*
*Nifty 50 14850.70*
*Nifty Bank 32872.20*
🎗️🎗️🎗️🎗️🎗️🎗️🎗️🎗️🎗️🎗️🎗️🎗️

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Ambalal Sarabhai Enterprises up on circuit as it makes drugs for Black Fungus

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NATIONAL PROGRAM FOR STORAGE RECEIVED CABINET APPROVAL || LOCAL COMPANIES WILL GET AN INCENTIVE OF RUPEES 18,000 CR - TV

#BreakingNews

#EXIDE
#AMARARAJA

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PANACEA: GOVT HAS TOLD BHARAT BIOTECH AND PANECEA TO COME TOGETHER AND RAMP UP PRODUCTION OF COVAXIN. GOVT HAS ALSO TOLD OTHER GOVT AFFILIATED INSTITUTIONS TO PRODUCE COVAXIN: BJP SPOKESPERSON SAMBIT PATRA.

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https://youtu.be/Jg3EWdjDX6g

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Dear All,


We are inviting you all for a ZOOM Motivational Sales Meeting with Mr. P. S. Reddy, MD&CEO ( MCX ) and Mr. Rishi Nathany, Head – BD and Marketing ( MCX ). This Meeting will boost the motivation of all sales persons/APs/Branches/Dealers, and to set out tone for FY 21-22, we have planned a joint meeting with MCX management.


Zoom login details:
Time: May 14, 2021 04:00 PM Mumbai, Kolkata, New Delhi



Join Zoom Meeting :
https://mcxindia.zoom.us/j/93879125431?pwd=NVBnQXpVK01zUWJsaXlqbEJkeUloZz09


Meeting ID: 938 7912 5431
Passcode: 411840

*Market Provisional closing*

*BSE SENSEX provisional close at 48,715.01 down 446.80 points or 0.91% vs Tue*

*NIFTY50 provisional close at 14,699.65 down 151.10 points or 1.20% vs Tue*

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_*Closing Bell...!!!*_

_Banks, RIL Send Sensex Tanking 471 Points; Nifty Gives Up 14700; IndusInd Bank, HUL Shed 3% Each._

_*Nifty*_- 14697 (-154)
_*Sensex*_- 48691 (-471)
_*Nifty Bank*_- 32452 (-420)
_*Nifty IT*_- 25856 (-251)
_*Gold*_- 47621 (-12)
_*Silver*_- 71525 (-404)
_*Crude Oil*_- 4832 (+32)
_*Natural Gas*_- 216 (-2)
_*$/₹*_- 73.41

_*Top Gainers*_- GODREJCP, VENKEYS, GODREJIND, ALKYLAMINE
_*Top Losers*_- DCAL, BLISSGVS, GRANULES, DCMSHRIRAM
_*Most Active*_- TATASTEEL, TATAMOTORS, BHEL, GODREJCP

_*Advances*_- 910
_*Declines*_- 1023
_*Unchanged*_- 325

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Tata Chemicals and Amara Raja in Focus

Govt approves Rs 18,000 crore PLI Scheme for Advance Chemistry Cell Battery Storage

Cabinet Approves decision

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*Tata Power Company Ltd.* | *CMP* Rs. 107 | *M Cap* Rs. 34062 Cr | *52 W H/L* 115/27
(Nirmal Bang Retail Research)
*Result below expectation*
Revenue from Operations came at Rs. 10127.4 Cr (33.3% QoQ, 53% YoY) vs QoQ Rs. 7597.9 Cr, YoY Rs. 6620.8 Cr
EBIDTA came at Rs. 1573.1 Cr (-16.8% QoQ, -14.5% YoY) vs QoQ Rs. 1891.9 Cr, YoY Rs. 1839.8 Cr
EBITDA Margin came at 15.5% vs QoQ 24.9%, YoY 27.8%
Adj. PAT came at Rs. 392.9 Cr vs QoQ Rs. 357.5 Cr, YoY Rs. 82.5 Cr
Quarter EPS is Rs. 1.2
Share is trading at P/E of 16.9x FY22E EPS

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*HG Infra Engineering Ltd.* | *CMP* Rs. 292 | *M Cap* Rs. 1903 Cr | *52 W H/L* 331/151
(Nirmal Bang Retail Research)
*Result ahead of Expectation*
Revenue from Operations came at Rs. 1027.8 Cr (40% QoQ, 65% YoY) vs expectation of Rs. 824.7 Cr, QoQ Rs. 734.3 Cr, YoY Rs. 622.9 Cr
EBIDTA came at Rs. 166.5 Cr (41% QoQ, 64.2% YoY) vs expectation of Rs. 133.3 Cr, QoQ Rs. 118.1 Cr, YoY Rs. 101.4 Cr
EBITDA Margin came at 16.2% vs expectation of 16.2%, QoQ 16.1%, YoY 16.3%
Adj. PAT came at Rs. 97.7 Cr vs expectation of Rs. 70.1 Cr, QoQ Rs. 65.5 Cr, YoY Rs. 51.3 Cr
Quarter EPS is Rs. 15
Share is trading at P/E of 9x TTM EPS

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*UPL Ltd.* | *CMP* Rs. 692 | *M Cap* Rs. 52872 Cr | *52 W H/L* 692/336
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 12796 Cr (40.2% QoQ, 14.9% YoY) vs expectation of Rs. 12016.1 Cr, QoQ Rs. 9126 Cr, YoY Rs. 11141 Cr
EBIDTA came at Rs. 2839 Cr (28.6% QoQ, 30.9% YoY) vs expectation of Rs. 2556.8 Cr, QoQ Rs. 2208 Cr, YoY Rs. 2169 Cr
EBITDA Margin came at 22.2% vs expectation of 21.3%, QoQ 24.2%, YoY 19.5%
Adj. PAT came at Rs. 1441 Cr vs expectation of Rs. 1077.9 Cr, QoQ Rs. 716 Cr, YoY Rs. 788 Cr
Quarter EPS is Rs. 18.9
Share is trading at P/E of 14.6x FY22E EPS

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Market Wizard
FREE EDUCATIONAL TELEGRAM CHANNEL

Disclaimer : This channel DOES NOT provide any stock market related advice or recommendation

All the posts appearing in the channel are only for educational and informational purposes.

ALL RIGHTS RESERVED !!!
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VOLTAS: Q4 NET PROFIT 2.38B RUPEES VS 1.59B (YOY); EST 2B | 1.39B (QOQ) DIVIDEND: 5 RUPEES


ASIAN PAINTS: Q4 CONS NET PROFIT 8.5B RUPEES VS 4.62B (YOY); EST 8.2B | 12.38B (QOQ) ASIAN PAINTS: Q4 EBITDA RUPEES 13.18B VS 8.6B (YOY); 17.8B (QOQ) || Q4 EBITDA MARGIN 19.82% VS 18.54% (YOY); 26.34% (QOQ)

PTL ENTERPRISES: Q4 SL NET PROFIT 90.4M RUPEES VS 113M (YOY) | 88.1M (QOQ) Q4 REVENUE 157.9M RUPEES VS 158M (YOY) BOARD RECOMMENDED A DIVIDEND OF 2.50 RUPEES PER SHARE

JINDAL STEEL & POWER: Q4 CONS NET PROFIT 19.68B RUPEES VS 1.83B (YOY); EST 28B | 22.55B (QOQ) Q4 REVENUE 118.81B RUPEES VS 67.95B (YOY)

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MSCI India Small index
additions (Set 2)
J.K. LAKSHMI CEMENT, KNR CONS
KPIT TECH, MAX HEALTHCARE
NCC, ORACLE FIN
POLY MEDICURE, PRISM JOHNSON
RAIN IND, ROUTE MOBILE
SHRIRAM CITY UNION FIN, SKF INDIA
SOLARA PHARMA, SUMITOMO CHEMICAL
SUN TV, SUPREME PETRO
UTI AMC, ZEE ENT

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_*〽arket 〽⭕⭕D as on*_ 1️⃣2️⃣➖0️⃣5️⃣➖2⃣1️⃣ provisional @ 6:01 pm

*BSE* *Sensex* *_(P/E 30.88)_* *- 471 (49,162)* 🔽☹️

*BSE* *midcap 150* *_(P/E 54.58)_* *- 49 (7,153)*🔽🙁

*BSE small cap250* *_(P/E 53.92)_* *- 17 (3,114)* 🔽🙁

*NSE* *Nifty 50* *_(P/E 29.83)_* *- 154 (14,696)* ↘️☹️

*NSE* *Bank Nifty* *_(P/E 22.19)_* *- 420 (32,452)* ↘️😞

_*Fii Cash - 1,261 Crs*_ 🙁
*_Dii Cash - 704 Crs_* 😕

*BrntCrude* _*69.39*_ *$/brl* & _*₹. 4,846*_ ↗️

*Gold Comex* _*1,835*_ *$/oz* *₹/10 gms* _*47,530*_ 🔽

*Silver Comexx* _*27.48*_ *$/oz* _*71,186* *₹/kg*_ 🔽

*_10 Yrs G'Sec. 5.85 GS-2030 (Rs. 98.8525) YTM 6.0092 %_* 🔼😕

*Call Rates:* - _*3.31 % (3.21 %)*_ 🔼
*TREP* : - _*3.26 % (3.26 %)*_ ↔️
_*REPO 3.30 % (3.29 %)*_ 🔼

*ForeX*
*$/₹* *_73.42_* 🔽😕
*€/₹* *_88.77_* 🔼☺️
*£/₹* *_103.50_* 🔼🙂

Data Compiled by: - _*Hitesh R. Pujara*_
_*Baroda Mutual Fund*_
(Not Responsible for Any Error)

*Baltic Exchange Dry Index + 14 (3,254 $)* 🔼

*_DJIA Future_* _*- 203 (33,980)*_ 🔽🙁

*NASDAQ Future* _*- 170 (13,176)*_ ↘️☹️

_*BTC / US$*_ Future *+ 917 (56,247)* ↗️😊

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