*DCM Nouvelle Ltd.* | *CMP* Rs. 99 | *M Cap* Rs. 185 Cr | *52 W H/L* 99/19
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 186.9 Cr (22.7% QoQ, 33% YoY) vs QoQ Rs. 152.4 Cr, YoY Rs. 140.5 Cr
EBIDTA came at Rs. 36.7 Cr (78.9% QoQ, 235.1% YoY) vs QoQ Rs. 20.5 Cr, YoY Rs. 11 Cr
EBITDA Margin came at 19.6% vs QoQ 13.5%, YoY 7.8%
Adj. PAT came at Rs. 24.5 Cr vs QoQ Rs. 12.3 Cr, YoY Rs. 1.7 Cr
Quarter EPS is Rs. 13.1
Share is trading at P/E of 6.1x TTM EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 186.9 Cr (22.7% QoQ, 33% YoY) vs QoQ Rs. 152.4 Cr, YoY Rs. 140.5 Cr
EBIDTA came at Rs. 36.7 Cr (78.9% QoQ, 235.1% YoY) vs QoQ Rs. 20.5 Cr, YoY Rs. 11 Cr
EBITDA Margin came at 19.6% vs QoQ 13.5%, YoY 7.8%
Adj. PAT came at Rs. 24.5 Cr vs QoQ Rs. 12.3 Cr, YoY Rs. 1.7 Cr
Quarter EPS is Rs. 13.1
Share is trading at P/E of 6.1x TTM EPS
*Cheviot Company Ltd.* | *CMP* Rs. 800 | *M Cap* Rs. 517 Cr | *52 W H/L* 820/500
(Nirmal Bang Retail Research)
*Result improved* *Company declared Special dividend of Rs.175/share*
Revenue from Operations came at Rs. 156.9 Cr (31.3% QoQ, 36.7% YoY) vs QoQ Rs. 119.5 Cr, YoY Rs. 114.8 Cr
EBIDTA came at Rs. 24.6 Cr (68.9% QoQ, 68.9% YoY) vs QoQ Rs. 14.6 Cr, YoY Rs. 14.6 Cr
EBITDA Margin came at 15.7% vs QoQ 12.2%, YoY 12.7%
Adj. PAT came at Rs. 25.7 Cr vs QoQ Rs. 23.3 Cr, YoY Rs. 3.5 Cr
Quarter EPS is Rs. 39.7
Share is trading at P/E of 6.8x TTM EPS
(Nirmal Bang Retail Research)
*Result improved* *Company declared Special dividend of Rs.175/share*
Revenue from Operations came at Rs. 156.9 Cr (31.3% QoQ, 36.7% YoY) vs QoQ Rs. 119.5 Cr, YoY Rs. 114.8 Cr
EBIDTA came at Rs. 24.6 Cr (68.9% QoQ, 68.9% YoY) vs QoQ Rs. 14.6 Cr, YoY Rs. 14.6 Cr
EBITDA Margin came at 15.7% vs QoQ 12.2%, YoY 12.7%
Adj. PAT came at Rs. 25.7 Cr vs QoQ Rs. 23.3 Cr, YoY Rs. 3.5 Cr
Quarter EPS is Rs. 39.7
Share is trading at P/E of 6.8x TTM EPS
*MANGALORE CHEMICALS & FERTILIZERS LTD.* | *CMP* Rs. 96 | *M Cap* Rs. 1138 Cr | *52 W H/L* 96/27
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 598.4 Cr (83% QoQ, 6.3% YoY) vs QoQ Rs. 327.1 Cr, YoY Rs. 563.2 Cr
EBIDTA came at Rs. 46.9 Cr (100.6% QoQ, 56.5% YoY) vs QoQ Rs. 23.4 Cr, YoY Rs. 30 Cr
EBITDA Margin came at 7.8% vs QoQ 7.1%, YoY 5.3%
Adj. PAT came at Rs. 14.7 Cr vs QoQ Rs. 0.8 Cr, YoY Rs. 23.9 Cr
Quarter EPS is Rs. 1.2
Share is trading at P/E of 17x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 598.4 Cr (83% QoQ, 6.3% YoY) vs QoQ Rs. 327.1 Cr, YoY Rs. 563.2 Cr
EBIDTA came at Rs. 46.9 Cr (100.6% QoQ, 56.5% YoY) vs QoQ Rs. 23.4 Cr, YoY Rs. 30 Cr
EBITDA Margin came at 7.8% vs QoQ 7.1%, YoY 5.3%
Adj. PAT came at Rs. 14.7 Cr vs QoQ Rs. 0.8 Cr, YoY Rs. 23.9 Cr
Quarter EPS is Rs. 1.2
Share is trading at P/E of 17x TTM EPS
Balkrishna Industries Q4FY21 Concall Update
(Nirmal Bang Retail Research)
*High capex towards modernization and expansion in carbon black to weigh down on return ratios in near term*
Outlook: Positive
• Co has guided for sale of 250-260k tons in FY22.
• Capex for FY22 will be at Rs. 800-850 Cr.
• Project for ultra large tyres at Bhuj has completed and is in the final trial phase.
• Co is running at full capacity in carbon black on existing capacity at 115k tons.
• Carbon Black plant’s capacity has now increased to 140k tons and sales to 3rd parties has started.
• The greenfeld plant at Waluj for replacement tyres with 30k tons capacity saw a temporary shutdown in March but commenced again in April and now is expected to be completed in Sep’21.
• The company has long-term margin estimates of 28-30%
• The company had prices hikes of around 3-4% in Jan’21 and Apr’21
• The company had witnessed a raw material price increase of 2-3% and expects it to be around 5-6% in the coming quarters
Break up of Rs. 1900 Cr capex plan
Most of the capex will be funded through internal accruals and some debt will be taken.
1) Rs. 800 Cr towards debottlenecking and brownfield expansion of tyre plant at Bhuj. Expansion to add 50k tons capacity by mid FY23. This will increase total tyre capacity to 335k tons over next 4 years.
2) Rs. 650 Cr will be spent by H1FY23 towards carbon black capacity increase from 140k to 200k tons incl. 30k tons of advanced carbon material for 3rd party sale. This will lead to full in-house carbon black sourcing by the company. Between 25-30% of total capacity will be available for 3rd party sales. Profitability here will be lower than co margins and will be at 15-16% and thus will be ROCE dilutive. Payback period will be 5-6 years.
3) Rs. 450 Cr will be spent for modernization & automation and material handling systems at Bhuj and Rajasthan by H1FY23. This modernization drive happens once every 7-8 years. Payback period will be 5 years. This will drive margins higher in the long run although in the short run shall impact asset turns and ROCE.
Share is trading at P/E of 28.9x FY22E EPS
(Nirmal Bang Retail Research)
*High capex towards modernization and expansion in carbon black to weigh down on return ratios in near term*
Outlook: Positive
• Co has guided for sale of 250-260k tons in FY22.
• Capex for FY22 will be at Rs. 800-850 Cr.
• Project for ultra large tyres at Bhuj has completed and is in the final trial phase.
• Co is running at full capacity in carbon black on existing capacity at 115k tons.
• Carbon Black plant’s capacity has now increased to 140k tons and sales to 3rd parties has started.
• The greenfeld plant at Waluj for replacement tyres with 30k tons capacity saw a temporary shutdown in March but commenced again in April and now is expected to be completed in Sep’21.
• The company has long-term margin estimates of 28-30%
• The company had prices hikes of around 3-4% in Jan’21 and Apr’21
• The company had witnessed a raw material price increase of 2-3% and expects it to be around 5-6% in the coming quarters
Break up of Rs. 1900 Cr capex plan
Most of the capex will be funded through internal accruals and some debt will be taken.
1) Rs. 800 Cr towards debottlenecking and brownfield expansion of tyre plant at Bhuj. Expansion to add 50k tons capacity by mid FY23. This will increase total tyre capacity to 335k tons over next 4 years.
2) Rs. 650 Cr will be spent by H1FY23 towards carbon black capacity increase from 140k to 200k tons incl. 30k tons of advanced carbon material for 3rd party sale. This will lead to full in-house carbon black sourcing by the company. Between 25-30% of total capacity will be available for 3rd party sales. Profitability here will be lower than co margins and will be at 15-16% and thus will be ROCE dilutive. Payback period will be 5-6 years.
3) Rs. 450 Cr will be spent for modernization & automation and material handling systems at Bhuj and Rajasthan by H1FY23. This modernization drive happens once every 7-8 years. Payback period will be 5 years. This will drive margins higher in the long run although in the short run shall impact asset turns and ROCE.
Share is trading at P/E of 28.9x FY22E EPS
*Tasty Bite Eatables Ltd.* | *CMP* Rs. 15989 | *M Cap* Rs. 4103 Cr | *52 W H/L* 17000/8785
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 121.9 Cr (2.6% QoQ, 5.9% YoY) vs QoQ Rs. 118.8 Cr, YoY Rs. 115.1 Cr
EBIDTA came at Rs. 21.1 Cr (20.5% QoQ, 66.9% YoY) vs QoQ Rs. 17.5 Cr, YoY Rs. 12.6 Cr
EBITDA Margin came at 17.3% vs QoQ 14.7%, YoY 11%
Adj. PAT came at Rs. 13.9 Cr vs QoQ Rs. 13.5 Cr, YoY Rs. 8.5 Cr
Quarter EPS is Rs. 54
Share is trading at P/E of 104.3x TTM EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 121.9 Cr (2.6% QoQ, 5.9% YoY) vs QoQ Rs. 118.8 Cr, YoY Rs. 115.1 Cr
EBIDTA came at Rs. 21.1 Cr (20.5% QoQ, 66.9% YoY) vs QoQ Rs. 17.5 Cr, YoY Rs. 12.6 Cr
EBITDA Margin came at 17.3% vs QoQ 14.7%, YoY 11%
Adj. PAT came at Rs. 13.9 Cr vs QoQ Rs. 13.5 Cr, YoY Rs. 8.5 Cr
Quarter EPS is Rs. 54
Share is trading at P/E of 104.3x TTM EPS
*Escorts Ltd Q4FY21 Con-call Update*
(Nirmal Bang Retail Research)
*Outlook: Positive in long term*
• Revenue for tractor grew by 64.3% YoY to Rs. 1738.8 Cr with sales of 32558 units as against 20108 units YoY (62.1% YoY and 3.3% QoQ). The company witnessed a drop in market share by 13 bps at 12.9% on a YoY basis but it was an increase of 132 bps sequentially
• EBIT margin at 17% up by 120 bps (15.8% YoY) due to better product mix, better operating leverage and cost reduction and leaner operations
• The Agri-Machinery segment (79% of the revenue mix in Q4FY21) grew by 61.8%YoY and 2.9% QoQ with commercial tractors (higher HP) usage witnessing a sharp increase and capacity utilization at 100%.
• Construction Equipment segment (15% of the revenue mix in Q4FY21) up by 62.7% at 1604 units YoY and 27.9% QoQ due to better product mix, price increase and cost optimization. with a capacity utilization at 50%
• Railway division (7% of the revenue mix in Q4FY21) revenue at Rs. 146.5 Cr up by 35.6% YoY with 43% revenue from conventional segment and 58% from New Product Development.
• EBIT for rail division is at Rs. 28 Cr, up by 85.2% and margin of 19.1% up by 57ps YoY
• Indian Railways is still not running its full operations, due to unprecedented COVID19 pandemic situation and has done revision in the production plan, affecting fresh order tendering and order inflow
• The company has had two price hikes, one in mid-November of around 2% and around 3% in early April and is also expecting another price hike in Q2FY22
• Supply chain had been smoothening but due to the second wave of Covid leading to lockdowns in various states has once again affected the supply chain negatively
• The company expects an inflation of 8-10% of current commodity prices
• The order book for Railway division as of Mar’21 is at Rs. 340Cr and has an execution time of 6-8 months. Due to the pandemic, fresh order tendering and order inflow has been adversely impacted
• Capex for FY22 to be up to Rs. 300-325 Cr which will be utilized for increasing capacity in various plants
• The JV with Kubota, Escorts Kubota India have started commercial production of Kubota Tractors and has entered in the markets but with a small volume of 5400 units which is increasing month on month.
Share is trading at P/E of 13.8x FY22E EPS
(Nirmal Bang Retail Research)
*Outlook: Positive in long term*
• Revenue for tractor grew by 64.3% YoY to Rs. 1738.8 Cr with sales of 32558 units as against 20108 units YoY (62.1% YoY and 3.3% QoQ). The company witnessed a drop in market share by 13 bps at 12.9% on a YoY basis but it was an increase of 132 bps sequentially
• EBIT margin at 17% up by 120 bps (15.8% YoY) due to better product mix, better operating leverage and cost reduction and leaner operations
• The Agri-Machinery segment (79% of the revenue mix in Q4FY21) grew by 61.8%YoY and 2.9% QoQ with commercial tractors (higher HP) usage witnessing a sharp increase and capacity utilization at 100%.
• Construction Equipment segment (15% of the revenue mix in Q4FY21) up by 62.7% at 1604 units YoY and 27.9% QoQ due to better product mix, price increase and cost optimization. with a capacity utilization at 50%
• Railway division (7% of the revenue mix in Q4FY21) revenue at Rs. 146.5 Cr up by 35.6% YoY with 43% revenue from conventional segment and 58% from New Product Development.
• EBIT for rail division is at Rs. 28 Cr, up by 85.2% and margin of 19.1% up by 57ps YoY
• Indian Railways is still not running its full operations, due to unprecedented COVID19 pandemic situation and has done revision in the production plan, affecting fresh order tendering and order inflow
• The company has had two price hikes, one in mid-November of around 2% and around 3% in early April and is also expecting another price hike in Q2FY22
• Supply chain had been smoothening but due to the second wave of Covid leading to lockdowns in various states has once again affected the supply chain negatively
• The company expects an inflation of 8-10% of current commodity prices
• The order book for Railway division as of Mar’21 is at Rs. 340Cr and has an execution time of 6-8 months. Due to the pandemic, fresh order tendering and order inflow has been adversely impacted
• Capex for FY22 to be up to Rs. 300-325 Cr which will be utilized for increasing capacity in various plants
• The JV with Kubota, Escorts Kubota India have started commercial production of Kubota Tractors and has entered in the markets but with a small volume of 5400 units which is increasing month on month.
Share is trading at P/E of 13.8x FY22E EPS
*4 PM; 16th May 2021.*
*The Week That Was: The benchmarks end marginally in negative zone.*
*Sensex: 48733.*
*Nifty: 14,678.*
In the week gone by, Dalal street ended the week on a muted note as the benchmark Nifty ended down 0.98% at 14678 and Sensex down 0.96 at 48733 mark. Pessimism prevailed all-thru the week as the benchmarks finished 3 out of 4 trading sessions in red.
Blame it to the rising coronavirus cases in the country which continued to vex investor’s minds. India's Covid caseload has reached 2.43 crore with 3.26 lakh new cases reported in the last 24 hours. 3,980 people have died of the infection during the period. The World Health Organization has called the situation in India "hugely concerning".
Secondly, hurting sentiments are also the inflation concerns that simply are seen intensifying each passing day. Surging commodity prices are the key culprit renewing concerns about rising inflation. The street suspects that amidst this backdrop, the Federal Reserve and the central banks across globe may pull back on stimulus. But somehow the Fed has insisted that any spike in inflation would be temporary.
Amidst this backdrop, the foreign portfolio investors (FPIs) pulled out Rs 6,452 crore so far in May from Indian markets amid tumbling investor sentiment due to the second wave of the COVID-19 pandemic. In the preceding month, the total net outflow from the Indian capital markets (equities and debt) was Rs 9,435 crore.
Eight of the top-10 most valued companies witnessed a combined erosion of Rs 1,13,074.57 crore in market valuation last week, with Tata Consultancy Services, Infosys and HDFC Bank emerging as the worst hit.
The negativity was seen despite hope that the Federal Reserve will remain accommodative even as the U.S. and the world attempts to stage a recovery from the worst pandemic in a century.
On the contrary, US stock markets at Wall Street closed higher in a broad rally. All three major U.S. indices extended Thursday's gains, which saw S&P 500 notch its biggest one-day percentage bump in over a month.
The U.S benchmarks ended in green for second consecutive week where Sensex was up 0.86% at 49206 and Nifty ended 1.31% higher at 14823. The benchmarks ended in green 4 out of 5 trading sessions. The S&P 500 posted 30 new 52-week highs and no new lows; the Nasdaq Composite recorded 92 new highs and 59 new lows. But the Dow Jones ended the week, down 1.14%, the S&P 500 was down 1.41% and the Nasdaq composite was down 2.34%.
Back in our stock markets, on weekly basis, the broader markets witnessed upside as the NSE Midcap was down 0.49% and NSE Smallcap up 0.25%. Hence, both the indices were seen mirroring the benchmark Nifty/Sensex sluggish closing.
Meanwhile amongst sectoral indices, BSE Power Index, BSE PSU Index & BSE Capital Goods Index ended the week up 4.7%, 4.2% & 4.1% respectively. The top three losing sectors BSE Bankex Index, BSE IT Index & BSE Teck Index, down 2.1%, 1.1% & 0.9% respectively. Stock specific, ASIANPAINTS, NTPC & TATASTEEL were top gainers for the week, up 8%, 7.2% & 5.9% respectively. AXISBANK, INDUSINDBANK & KOTAKBANK were amongst top losers for the week, down 4.5%, 4.3% & 3.6% respectively.
*Let’s now have a look at other catalysts from last week:*
• The retail inflation (CPI), eased to 4.29% in the month of April. Separately, India’s factory output, measured in terms of the Index of Industrial Production (IIP), witnessed a growth of 22.4% in March. The retail inflation during the month of March was at 5.52%.
• DCB Bank reported higher profit at Rs 77.9 crore in Q4FY21 against Rs 68.8 crore in Q4FY20; net interest income fell to Rs 311.2 crore from Rs 323.7 crore YoY.
• Bandhan Bank reported sharply lower profit at Rs 103 crore in Q4FY21 against Rs 517.3 crore in Q4FY20; net interest income climbed to Rs 1,757 crore from Rs 1,680 crore YoY.
• Avenue Supermarts reported sharply higher consolidated profit at Rs 414.2 crore in Q4FY21 against Rs 271.5 crore in Q4FY20, revenue rose to Rs 7,411.7 crore from Rs 6,255.9 crore YoY.
*The Week That Was: The benchmarks end marginally in negative zone.*
*Sensex: 48733.*
*Nifty: 14,678.*
In the week gone by, Dalal street ended the week on a muted note as the benchmark Nifty ended down 0.98% at 14678 and Sensex down 0.96 at 48733 mark. Pessimism prevailed all-thru the week as the benchmarks finished 3 out of 4 trading sessions in red.
Blame it to the rising coronavirus cases in the country which continued to vex investor’s minds. India's Covid caseload has reached 2.43 crore with 3.26 lakh new cases reported in the last 24 hours. 3,980 people have died of the infection during the period. The World Health Organization has called the situation in India "hugely concerning".
Secondly, hurting sentiments are also the inflation concerns that simply are seen intensifying each passing day. Surging commodity prices are the key culprit renewing concerns about rising inflation. The street suspects that amidst this backdrop, the Federal Reserve and the central banks across globe may pull back on stimulus. But somehow the Fed has insisted that any spike in inflation would be temporary.
Amidst this backdrop, the foreign portfolio investors (FPIs) pulled out Rs 6,452 crore so far in May from Indian markets amid tumbling investor sentiment due to the second wave of the COVID-19 pandemic. In the preceding month, the total net outflow from the Indian capital markets (equities and debt) was Rs 9,435 crore.
Eight of the top-10 most valued companies witnessed a combined erosion of Rs 1,13,074.57 crore in market valuation last week, with Tata Consultancy Services, Infosys and HDFC Bank emerging as the worst hit.
The negativity was seen despite hope that the Federal Reserve will remain accommodative even as the U.S. and the world attempts to stage a recovery from the worst pandemic in a century.
On the contrary, US stock markets at Wall Street closed higher in a broad rally. All three major U.S. indices extended Thursday's gains, which saw S&P 500 notch its biggest one-day percentage bump in over a month.
The U.S benchmarks ended in green for second consecutive week where Sensex was up 0.86% at 49206 and Nifty ended 1.31% higher at 14823. The benchmarks ended in green 4 out of 5 trading sessions. The S&P 500 posted 30 new 52-week highs and no new lows; the Nasdaq Composite recorded 92 new highs and 59 new lows. But the Dow Jones ended the week, down 1.14%, the S&P 500 was down 1.41% and the Nasdaq composite was down 2.34%.
Back in our stock markets, on weekly basis, the broader markets witnessed upside as the NSE Midcap was down 0.49% and NSE Smallcap up 0.25%. Hence, both the indices were seen mirroring the benchmark Nifty/Sensex sluggish closing.
Meanwhile amongst sectoral indices, BSE Power Index, BSE PSU Index & BSE Capital Goods Index ended the week up 4.7%, 4.2% & 4.1% respectively. The top three losing sectors BSE Bankex Index, BSE IT Index & BSE Teck Index, down 2.1%, 1.1% & 0.9% respectively. Stock specific, ASIANPAINTS, NTPC & TATASTEEL were top gainers for the week, up 8%, 7.2% & 5.9% respectively. AXISBANK, INDUSINDBANK & KOTAKBANK were amongst top losers for the week, down 4.5%, 4.3% & 3.6% respectively.
*Let’s now have a look at other catalysts from last week:*
• The retail inflation (CPI), eased to 4.29% in the month of April. Separately, India’s factory output, measured in terms of the Index of Industrial Production (IIP), witnessed a growth of 22.4% in March. The retail inflation during the month of March was at 5.52%.
• DCB Bank reported higher profit at Rs 77.9 crore in Q4FY21 against Rs 68.8 crore in Q4FY20; net interest income fell to Rs 311.2 crore from Rs 323.7 crore YoY.
• Bandhan Bank reported sharply lower profit at Rs 103 crore in Q4FY21 against Rs 517.3 crore in Q4FY20; net interest income climbed to Rs 1,757 crore from Rs 1,680 crore YoY.
• Avenue Supermarts reported sharply higher consolidated profit at Rs 414.2 crore in Q4FY21 against Rs 271.5 crore in Q4FY20, revenue rose to Rs 7,411.7 crore from Rs 6,255.9 crore YoY.
• Rating agency Crisil has said that India's GDP growth rate could drop to single digits or around 8.2 percent in 2021-22 (April-March) if the second wave of the COVID-19 pandemic reaches a peak number of cases by June-end.
• Punjab National Bank (PNB) said its board has approved raising equity capital from qualified institutional investors to enhance its capital base. For the Qualified Institutional Placement (QIP) purposes, the bank has fixed the floor price at Rs 35.51 per equity share.
• Chambal Fertilisers and Chemicals reported sharply higher profit at Rs 447.89 crore in Q4FY21 against Rs 197.55 crore in Q4FY20, revenue fell to Rs 1,640.76 crore from Rs 1,969.09 crore YoY.
• Siemens reported sharply higher consolidated profit at Rs 334.4 crore in Q2FY21 against Rs 175.7 crore in Q2FY20; revenue increased to Rs 3,483.7 crore from Rs 2,640.2 crore YoY. Technically SIEMENS appears to be a screaming buy with inter-month perspective.
• Godrej Consumer Products reported sharply higher consolidated profit at Rs 365.84 crore in Q4FY21 against Rs 229.9 crore in Q4FY20; revenue rose to Rs 2,730.74 crore from Rs 2,153.80 crore YoY.
• UPL reported higher consolidated profit at Rs 1,361 crore in Q4FY21 against Rs 784 crore in Q4FY20, revenue rose to Rs 12,796 crore from Rs 11,141 crore YoY. We have a positive bias on UPL with targets at 800 with medium term perspective.
• Jindal Steel & Power reported consolidated profit at Rs 2,139.28 crore for Q4FY21 against Rs 305.62 crore in Q4FY20, revenue jumped to Rs 11,880.61 crore from Rs 6,795.18 crore YoY.
• Pidilite Industries reported a sharp rise in consolidated profit at Rs 307.44 crore in Q4FY21 against Rs 156.51 crore in Q4FY20, revenue rose to Rs 2,235.52 crore from Rs 1,544.68 crore YoY.
• Apollo Tyres reported higher consolidated profit at Rs 287.3 crore in Q4FY21 against Rs 77.86 crore in Q4FY20, revenue climbed to Rs 5,025.7 crore from Rs 3,615.57 crore YoY.
• Colonial Pipeline, the operator of a major pipeline system that transports fuel across the East Coast, shut down operations because of a ransomware attack. As a result, WTI Crude Oil Prices recovered last week, up 0.98% at $ 65.51 a barrel.
• FIIs were net sellers last week at Rs. -1594.95 crores and DIIs too were net sellers at Rs. 1244.03 crores.
• Comex Gold were up by 0.6% for the week at $ 1843.85 an ounce.
• U.S. Treasury yields fell on Friday after retail sales data for April showed no growth after a big jump in March. The yield on the benchmark 10-year Treasury note slipped to 1.645% in afternoon trading, while the yield on the 30-year Treasury bond dipped to 2.371%.
• The Indian Rupee strengthened were unchanged at 73.30 against the USD for the week ended.
*Disclaimer:* Investment/Trading in equities is subject to market risks. Notwithstanding all the efforts to do best research, clients should understand that investing in equities, involves a risk of loss of both.
• Punjab National Bank (PNB) said its board has approved raising equity capital from qualified institutional investors to enhance its capital base. For the Qualified Institutional Placement (QIP) purposes, the bank has fixed the floor price at Rs 35.51 per equity share.
• Chambal Fertilisers and Chemicals reported sharply higher profit at Rs 447.89 crore in Q4FY21 against Rs 197.55 crore in Q4FY20, revenue fell to Rs 1,640.76 crore from Rs 1,969.09 crore YoY.
• Siemens reported sharply higher consolidated profit at Rs 334.4 crore in Q2FY21 against Rs 175.7 crore in Q2FY20; revenue increased to Rs 3,483.7 crore from Rs 2,640.2 crore YoY. Technically SIEMENS appears to be a screaming buy with inter-month perspective.
• Godrej Consumer Products reported sharply higher consolidated profit at Rs 365.84 crore in Q4FY21 against Rs 229.9 crore in Q4FY20; revenue rose to Rs 2,730.74 crore from Rs 2,153.80 crore YoY.
• UPL reported higher consolidated profit at Rs 1,361 crore in Q4FY21 against Rs 784 crore in Q4FY20, revenue rose to Rs 12,796 crore from Rs 11,141 crore YoY. We have a positive bias on UPL with targets at 800 with medium term perspective.
• Jindal Steel & Power reported consolidated profit at Rs 2,139.28 crore for Q4FY21 against Rs 305.62 crore in Q4FY20, revenue jumped to Rs 11,880.61 crore from Rs 6,795.18 crore YoY.
• Pidilite Industries reported a sharp rise in consolidated profit at Rs 307.44 crore in Q4FY21 against Rs 156.51 crore in Q4FY20, revenue rose to Rs 2,235.52 crore from Rs 1,544.68 crore YoY.
• Apollo Tyres reported higher consolidated profit at Rs 287.3 crore in Q4FY21 against Rs 77.86 crore in Q4FY20, revenue climbed to Rs 5,025.7 crore from Rs 3,615.57 crore YoY.
• Colonial Pipeline, the operator of a major pipeline system that transports fuel across the East Coast, shut down operations because of a ransomware attack. As a result, WTI Crude Oil Prices recovered last week, up 0.98% at $ 65.51 a barrel.
• FIIs were net sellers last week at Rs. -1594.95 crores and DIIs too were net sellers at Rs. 1244.03 crores.
• Comex Gold were up by 0.6% for the week at $ 1843.85 an ounce.
• U.S. Treasury yields fell on Friday after retail sales data for April showed no growth after a big jump in March. The yield on the benchmark 10-year Treasury note slipped to 1.645% in afternoon trading, while the yield on the 30-year Treasury bond dipped to 2.371%.
• The Indian Rupee strengthened were unchanged at 73.30 against the USD for the week ended.
*Disclaimer:* Investment/Trading in equities is subject to market risks. Notwithstanding all the efforts to do best research, clients should understand that investing in equities, involves a risk of loss of both.
*The Week Ahead:* *Positive start, but the going likely to get tough if the COVID situation worsens more in our country.*
The benchmarks are set to start the week on a positive note on backdrop of a strong close at Wall Street in Friday’s trade.
After a positive start, caution will continue to be the buzzword on backdrop of surging COVID-19 cases that still appears to be a huge concern for our economy and stock markets. The risk of pandemic getting prolonged and national lockdown getting imposed lingers which will cap the market’s upside. Various states have imposed lockdowns to control the rise in the cases which could impact the economy.
The focus of FPIs will be purely on the economic numbers and most importantly, how soon India gains its economic momentum back.
*Economic Data to trickle in this week for India:*
• Monday: 17th May 2021: WPI Manufacturing Inflation (YoY) (Apr), WPI Food (YoY) (Apr), WPI Fuel (YoY) (Apr), WPI Inflation (YoY) (Apr).
*Also, commanding investors’ attention will be the Q4 earnings for FY20-21:*
• Monday, 17th May 2021: BHARTIARTL, GRSE, FEDERALBANK, COLPAL.
• Tuesday, 18th May 2021: UJJIVANSFB, TORNTPHARM, TATAMTRDVR, TATAMOTORS, PIIND, KALYANI STEELS, MANAPPURAM, IOC, CANBK,
• Wednesday, 19th May 2021: JKTYRE, IBULHSGFIN.
• Thursday, 20th May 2021: ZEEL, TORNTPOWER, NDTV, HINDPETRO, HAVELLS, BOSCH.
• Friday, 21st May 2021: SBIN, SHREECEM, SOUTHBANK, UNITED SPIRITS, JSWSTEEL, LALPATHLAB, HINDALCO, GODREJIND, CROMPTON.
• Saturday, 22nd May 2021: AMARARAJA, BALAJI AMINES.
Technically speaking, The sentiment at Dalal Street looks fragile but aggressive bullish traders can look to buy as long as Nifty is holding above it recent low at 14416 mark.
If Nify slips below the 14416 mark then its safe to assume that rising covid-19 cases are spoiling the party at Dalal Street.
Establishing aggressive long positions advisable only if Nifty is able to close above 15000 mark. Please note, Nifty’s 200DMA at 13237 mark. The price action for Nifty for this week’s trade is suggesting that we are likely to see a 14,251- 15251 range in near term with buy on dips as the preferred strategy.
The options data for May Series suggests Nifty is likely to be in a broader trading range of 14500-15200 as maximum Call OI is at 15000 followed by 15300 strike price. Maximum Put open interest stands at 14000 levels followed by 14500 levels. Call writing was seen at 15000 and then at 14900 strike price, while there was meaningful Put writing at 14600 and then at 14400 strike prices.
*Preferred trade for the week:*
*Nifty (14678):* Buy at CMP, targeting 15057 mark and then at 15432 mark. Strict stop at 14311.
*Amongst momentum stocks looking bright on any corrective declines are:* ITC, PI INDUSTRIES, LARSEN, VOLTAS, COROMOMANDAL INTERNATIONAL, CHAMBAL FERTILISER, UPL, SIEMENS, HINDALCO, SUN PHARMA, AMRUTANJAN, CDSL, SAIL, VEDANTA, TATA STEEL, TATA ELXSI, ALKEM LAB and CIPLA.
*Meanwhile, we are negative on stocks like:* M&M, CUMMINS, ADANI ENTERPRISES, PAGE INDUSTRIES, PVR, BANDHAN BANK, RBL BANK, ASHOK LEYLAND, BOSCH.
*Before we end, our most preferred pair strategies:*
• Pair Strategy: Long BALKRISHNA INDUSTRIES and Short APOLLO TYRES.
• Pair Strategy: Long HINDALCO and Short COAL INDIA.
• Pair Strategy: Long ALKEM LAB and Short LUPIN.
*Disclaimer:* Investment/Trading in equities is subject to market risks. Notwithstanding all the efforts to do best research, clients should understand that investing in equities, involves a risk of loss of both.
The benchmarks are set to start the week on a positive note on backdrop of a strong close at Wall Street in Friday’s trade.
After a positive start, caution will continue to be the buzzword on backdrop of surging COVID-19 cases that still appears to be a huge concern for our economy and stock markets. The risk of pandemic getting prolonged and national lockdown getting imposed lingers which will cap the market’s upside. Various states have imposed lockdowns to control the rise in the cases which could impact the economy.
The focus of FPIs will be purely on the economic numbers and most importantly, how soon India gains its economic momentum back.
*Economic Data to trickle in this week for India:*
• Monday: 17th May 2021: WPI Manufacturing Inflation (YoY) (Apr), WPI Food (YoY) (Apr), WPI Fuel (YoY) (Apr), WPI Inflation (YoY) (Apr).
*Also, commanding investors’ attention will be the Q4 earnings for FY20-21:*
• Monday, 17th May 2021: BHARTIARTL, GRSE, FEDERALBANK, COLPAL.
• Tuesday, 18th May 2021: UJJIVANSFB, TORNTPHARM, TATAMTRDVR, TATAMOTORS, PIIND, KALYANI STEELS, MANAPPURAM, IOC, CANBK,
• Wednesday, 19th May 2021: JKTYRE, IBULHSGFIN.
• Thursday, 20th May 2021: ZEEL, TORNTPOWER, NDTV, HINDPETRO, HAVELLS, BOSCH.
• Friday, 21st May 2021: SBIN, SHREECEM, SOUTHBANK, UNITED SPIRITS, JSWSTEEL, LALPATHLAB, HINDALCO, GODREJIND, CROMPTON.
• Saturday, 22nd May 2021: AMARARAJA, BALAJI AMINES.
Technically speaking, The sentiment at Dalal Street looks fragile but aggressive bullish traders can look to buy as long as Nifty is holding above it recent low at 14416 mark.
If Nify slips below the 14416 mark then its safe to assume that rising covid-19 cases are spoiling the party at Dalal Street.
Establishing aggressive long positions advisable only if Nifty is able to close above 15000 mark. Please note, Nifty’s 200DMA at 13237 mark. The price action for Nifty for this week’s trade is suggesting that we are likely to see a 14,251- 15251 range in near term with buy on dips as the preferred strategy.
The options data for May Series suggests Nifty is likely to be in a broader trading range of 14500-15200 as maximum Call OI is at 15000 followed by 15300 strike price. Maximum Put open interest stands at 14000 levels followed by 14500 levels. Call writing was seen at 15000 and then at 14900 strike price, while there was meaningful Put writing at 14600 and then at 14400 strike prices.
*Preferred trade for the week:*
*Nifty (14678):* Buy at CMP, targeting 15057 mark and then at 15432 mark. Strict stop at 14311.
*Amongst momentum stocks looking bright on any corrective declines are:* ITC, PI INDUSTRIES, LARSEN, VOLTAS, COROMOMANDAL INTERNATIONAL, CHAMBAL FERTILISER, UPL, SIEMENS, HINDALCO, SUN PHARMA, AMRUTANJAN, CDSL, SAIL, VEDANTA, TATA STEEL, TATA ELXSI, ALKEM LAB and CIPLA.
*Meanwhile, we are negative on stocks like:* M&M, CUMMINS, ADANI ENTERPRISES, PAGE INDUSTRIES, PVR, BANDHAN BANK, RBL BANK, ASHOK LEYLAND, BOSCH.
*Before we end, our most preferred pair strategies:*
• Pair Strategy: Long BALKRISHNA INDUSTRIES and Short APOLLO TYRES.
• Pair Strategy: Long HINDALCO and Short COAL INDIA.
• Pair Strategy: Long ALKEM LAB and Short LUPIN.
*Disclaimer:* Investment/Trading in equities is subject to market risks. Notwithstanding all the efforts to do best research, clients should understand that investing in equities, involves a risk of loss of both.
Go Airlines (India) Ltd (Go Air) is exploring legal options against one of its promoters and former managing director Jeh Wadia to establish its ownership over all the trademarks and domain names used by the company
Corporate Results
· Results Monday – Bharti Airtel, Colgate, Federal Bank, Gland Pharma, GNFC, IndoCount, MRPL, Orient Cement, Shakti Pumps, Sun Pharma Advance and Wabco India
· Results Tuesday – Aarti Industries, Abbott India, Bridage Enterprises, Canara Bank, century Enka, Glaxo Smithkline Pharma, Jindal Hisar, JSL Industries, Jyothi Labs, Manppuram Finnace, Minda Corp, PI Industries, Route Mobile, Tata Motor, Torrent Pharma and Ujjivan Samll Finance
· Results Wednesday – Endurance Tech, Heritage Food, Indiabull Housing, IOC, jk Tyre, Man Infra, Mas Financial, Prism Cement and SML Isuzu
· Results Thursday – Bosch, Emkay Global, Havell’s India, HPCL, Jk Lakshmi Cement, KNR Construction, Torrent Power, Relaxo Foot Wear and Zee Entertainment
· Results Friday – Birla Soft, CG Consumers, Container Corpoation, Dhanuka Agritech, Dr Lal Path Labs, Hindalco, SBI, Shoppers Stop, Shree Cement, South India Bank and United Spirits
· Results Saturday – Amaraja Batteries, Amber Enterprises, Mangalam Cement, Sarda Energy
· Results Monday – Bharti Airtel, Colgate, Federal Bank, Gland Pharma, GNFC, IndoCount, MRPL, Orient Cement, Shakti Pumps, Sun Pharma Advance and Wabco India
· Results Tuesday – Aarti Industries, Abbott India, Bridage Enterprises, Canara Bank, century Enka, Glaxo Smithkline Pharma, Jindal Hisar, JSL Industries, Jyothi Labs, Manppuram Finnace, Minda Corp, PI Industries, Route Mobile, Tata Motor, Torrent Pharma and Ujjivan Samll Finance
· Results Wednesday – Endurance Tech, Heritage Food, Indiabull Housing, IOC, jk Tyre, Man Infra, Mas Financial, Prism Cement and SML Isuzu
· Results Thursday – Bosch, Emkay Global, Havell’s India, HPCL, Jk Lakshmi Cement, KNR Construction, Torrent Power, Relaxo Foot Wear and Zee Entertainment
· Results Friday – Birla Soft, CG Consumers, Container Corpoation, Dhanuka Agritech, Dr Lal Path Labs, Hindalco, SBI, Shoppers Stop, Shree Cement, South India Bank and United Spirits
· Results Saturday – Amaraja Batteries, Amber Enterprises, Mangalam Cement, Sarda Energy
CarTrade Tech Ltd, which had hit near unicorn status post its last fundraising round in April, is one step closer to becoming India’s first online auto classifieds marketplace to list on the domestic bourses.
The firm - backed by marquee investors such as Temasek, Warburg Pincus and JP Morgan - has filed its draft red herring prospectus (DRHP) with SEBI to raise around Rs 2,000 crores via an initial public offer (IPO), sources with knowledge of the matter told Moneycontrol.
The firm - backed by marquee investors such as Temasek, Warburg Pincus and JP Morgan - has filed its draft red herring prospectus (DRHP) with SEBI to raise around Rs 2,000 crores via an initial public offer (IPO), sources with knowledge of the matter told Moneycontrol.
*Hester Biosciences in discussions with Bharat Biotech for tech transfer of Covaxin*
https://www.moneycontrol.com/news/business/companies/hester-biosciences-in-discussions-with-bharat-biotech-for-tech-transfer-of-covaxin-6897961.html
https://www.moneycontrol.com/news/business/companies/hester-biosciences-in-discussions-with-bharat-biotech-for-tech-transfer-of-covaxin-6897961.html
Moneycontrol
Hester Biosciences In Discussions With Bharat Biotech For Tech Transfer Of Covaxin
"A triparty consortium has been formed with the Government of Gujarat as the lead partner, to explore the prospects of manufacturing the Covid vaccine through technology from Bharat Biotech," Hester Biosciences said in a statement.
https://wp.me/pd0eZY-ZF
Once we start liking the company, we are not able to see the negatives of it.
Once we start liking the company, we are not able to see the negatives of it.
LUCKY IDIOT
YOU LIKE ME, YOU REALLY REALLY LIKE ME – Liking Bias
Once we start liking the company, we are not able to see the negatives of it.
╭───────────────────╮
🌄 *Shuboudhaya : 17 MAY 2021*🙏🏻
╰───────────────────╯
*Today's top News*
1. *Delhi to remain under strict lockdown till May 24 to contain spread of COVID-19*
2. *All Covid curbs in Punjab extended till May 31. CM Amarinder orders strict enforcement*
3. *Haryana government extends Covid-19 lockdown until May 24*
4. Kerala Imposes Triple Lockdown in 4 Districts Reporting Highest Covid-19 Cases. The boundaries of the Thiruvananthapuram, Ernakulam, Thrissur and Malappuram districts will be sealed to arrest the massive spread of coronavirus
5. *Cyclone Tauktae: Amit Shah reviews preparedness with CMs of Maharashtra, Gujarat, Daman-Diu administrator*
6. *Gale-force winds, heavy rainfall and high tidal waves swept the coastal belt of Kerala, Karnataka and Goa as Cyclone Tauktae hurtled northwards towards Gujarat on Sunday,* leaving four people dead in Karnataka and two in Goa, damaging hundreds of houses, uprooting electricity poles and trees and forcing evacuation.
7. *1.5 lakh people are being shifted from low-lying coastal areas in Gujarat* while 54 teams of the National Disaster Response Force (NDRF) and State Disaster Response Force (SDRF) remained deployed on Sunday in view of the India Meteorological Department's (IMD) warning that the very severe cyclonic storm Tauktae will reach the state coast on Monday evening and cross it on early Tuesday morning.
8. The Centre directed Uttar Pradesh and Bihar on Sunday to prevent dumping of dead bodies in the Ganga and its tributaries, and focus on their safe disposal and a dignified cremation after corpses were seen floating in these rivers following a spurt in the number of coronavirus cases..
9. *Petrol and diesel prices were hiked once again, making it the 7th hike in just 11 days* . Petrol prices in Delhi on Sunday, May 16 rose by 24 paise and were retailing at Rs 92.58. Diesel prices too moved in tandem with petrol prices, with New Delhi rates seeing an uptick of 27 paise at Rs 83.22. Here quick look at petrol rates in select cities of the country.
10. *A 26-year-old Arshi has earned the sobriquet of “cylinder waali bitiya”—the daughter with the oxygen cylinder* . What began as a struggle to procure the life-saving gas for her coronavirus positive father, who managed to beat the viral disease, has now turned into a mission to save as many lives as possible in this district and those around it including the neighbouring state of Uttarakhand. Arshi has so far distributed around 20 oxygen cylinders for free and is helped by her two brothers and some other associates.
11. *Andhra govt to give Rs 15,000 for funeral expenses of COVID-19 victims.*
12 *Finance minister Nirmala Sitharaman will hold the next Goods and Service Tax Council meeting on May 28, via video conferencing* ,
13. Congress MP Rajeev Satav dies after recovering from COVID-19; Satav (46) was undergoing treatment at a private hospital in Pune after testing coronavirus positive last month and was on ventilator support. Congress leader Rahul Gandhi condoled his demise and said it is a big loss to him.
14. *Kedarnath Temple is all set to reopen its portals on May 17, Monday,* though, devotees will not allowed and arrangements have been made for online 'darshan'. The famous 'Char Dham' yatra has been suspended in view of the pandemic.
15. Tamil actor and director Pawnraj passed away on Saturday in Chennai after suffering from a massive heart attack. He is best known for his performance in Rajini Murugan.
16. Veteran actress Sudha Chandran's father KD Chandran passed away on Sunday morning after suffering a heart attack, at a hospital in Mumbai. He was 86.
17. Bollywood Salman Khan’s ‘Radhe’ leaks online, actor urges fans to avoid piracy
Actor Salman Khan’s Eid release ‘Radhe: Your Most Wanted Bhai’ has been leaked on piracy websites and the actor has a strong message against people watching his latest film on them.
🌄 *Shuboudhaya : 17 MAY 2021*🙏🏻
╰───────────────────╯
*Today's top News*
1. *Delhi to remain under strict lockdown till May 24 to contain spread of COVID-19*
2. *All Covid curbs in Punjab extended till May 31. CM Amarinder orders strict enforcement*
3. *Haryana government extends Covid-19 lockdown until May 24*
4. Kerala Imposes Triple Lockdown in 4 Districts Reporting Highest Covid-19 Cases. The boundaries of the Thiruvananthapuram, Ernakulam, Thrissur and Malappuram districts will be sealed to arrest the massive spread of coronavirus
5. *Cyclone Tauktae: Amit Shah reviews preparedness with CMs of Maharashtra, Gujarat, Daman-Diu administrator*
6. *Gale-force winds, heavy rainfall and high tidal waves swept the coastal belt of Kerala, Karnataka and Goa as Cyclone Tauktae hurtled northwards towards Gujarat on Sunday,* leaving four people dead in Karnataka and two in Goa, damaging hundreds of houses, uprooting electricity poles and trees and forcing evacuation.
7. *1.5 lakh people are being shifted from low-lying coastal areas in Gujarat* while 54 teams of the National Disaster Response Force (NDRF) and State Disaster Response Force (SDRF) remained deployed on Sunday in view of the India Meteorological Department's (IMD) warning that the very severe cyclonic storm Tauktae will reach the state coast on Monday evening and cross it on early Tuesday morning.
8. The Centre directed Uttar Pradesh and Bihar on Sunday to prevent dumping of dead bodies in the Ganga and its tributaries, and focus on their safe disposal and a dignified cremation after corpses were seen floating in these rivers following a spurt in the number of coronavirus cases..
9. *Petrol and diesel prices were hiked once again, making it the 7th hike in just 11 days* . Petrol prices in Delhi on Sunday, May 16 rose by 24 paise and were retailing at Rs 92.58. Diesel prices too moved in tandem with petrol prices, with New Delhi rates seeing an uptick of 27 paise at Rs 83.22. Here quick look at petrol rates in select cities of the country.
10. *A 26-year-old Arshi has earned the sobriquet of “cylinder waali bitiya”—the daughter with the oxygen cylinder* . What began as a struggle to procure the life-saving gas for her coronavirus positive father, who managed to beat the viral disease, has now turned into a mission to save as many lives as possible in this district and those around it including the neighbouring state of Uttarakhand. Arshi has so far distributed around 20 oxygen cylinders for free and is helped by her two brothers and some other associates.
11. *Andhra govt to give Rs 15,000 for funeral expenses of COVID-19 victims.*
12 *Finance minister Nirmala Sitharaman will hold the next Goods and Service Tax Council meeting on May 28, via video conferencing* ,
13. Congress MP Rajeev Satav dies after recovering from COVID-19; Satav (46) was undergoing treatment at a private hospital in Pune after testing coronavirus positive last month and was on ventilator support. Congress leader Rahul Gandhi condoled his demise and said it is a big loss to him.
14. *Kedarnath Temple is all set to reopen its portals on May 17, Monday,* though, devotees will not allowed and arrangements have been made for online 'darshan'. The famous 'Char Dham' yatra has been suspended in view of the pandemic.
15. Tamil actor and director Pawnraj passed away on Saturday in Chennai after suffering from a massive heart attack. He is best known for his performance in Rajini Murugan.
16. Veteran actress Sudha Chandran's father KD Chandran passed away on Sunday morning after suffering a heart attack, at a hospital in Mumbai. He was 86.
17. Bollywood Salman Khan’s ‘Radhe’ leaks online, actor urges fans to avoid piracy
Actor Salman Khan’s Eid release ‘Radhe: Your Most Wanted Bhai’ has been leaked on piracy websites and the actor has a strong message against people watching his latest film on them.
18. *Chandigarh University has launched Student Satellite Designing and Training program 'CUSAT'* and it has become North India's first University to launch the advanced training program for the students in the field of Aerospace Engineering.
19 *The Union Ministry of Education has issued a clarification saying no final decision has been taken on cancellation of CBSE Class 12 Board Exams.* : It is to be noted that CBSE Class 12 students across the country are demanding the cancellation of CBSE Class 12 Board Exam 2021 due to the rise in COVID-19 cases across the country. Several students took Twitter to start an online campaign #SaveBoardStudents asking the Central government and Union Education minister Ramesh Pokhriyal ‘Nishank’ to either postpone the CBSE Class 12 Board Exam 2021 or evaluate their marks on the basis of the assessment plan of class 10.
20. *Defence Minister Rajnath Singh to release first batch of DRDO anti-Covid drug on Monday*
21. *Indian Army establishes Covid hospital in Kashmir* : With the increasing numbers of Covid positive patients across the Union Territory of Jammu and Kashmir, people are finding it difficult to get a hospital bed in state-run hospitals. Now, the Indian Army has come to the rescue of the administration by setting up a 250-bed Covid hospital in Srinagar’s Rangret area.
22. Overcoming all hurdles and finding new solutions, Indian Railways is continuing its journey of bringing relief by delivering Liquid Medical Oxygen(LMO) to various states across the country. So far, Indian Railways has delivered more than 9440 MT of LMO in nearly 590 tankers to various states across the country.
23. *COVID 19 STATUS*
▲ NEW
*TOTAL CASES* 24684077
▲ 311170
*TOTAL ACTIVE* 3618458
▲ -55344
*TOTAL RECOVERED* 20795335
▲ 362437
*TOTAL DEATHS* 270284
▲ 4077
*✈INTERNATIONAL NEWS*
1. A senior leader of the hardline Jamaat-e-Islami group has been arrested in Bangladesh for allegedly instigating violence in March during Indian PM Modi's visit to the country.
2. The High Commission of India in the United Kingdom said that 260 more oxygen concentrators have been airlifted to New Delhi, as India fights a devastating second COVID-19 wave.
3. *The External Affairs Minister of India, S Jaishankar interacted with a global task force of top American Companies.* The task force was set up in April 2021 to support India in tackling the second wave of the COVID-19 pandemic. The Union Minister informed about the virtual meeting through series of tweets and mentioned that he talked about India’s priorities such as vaccines, oxygen, and pharmaceuticals as well as the significance of effective supply chains.
*🌎WORLD NEWS🌍*
1. *UN Security Council hold meeting between Israel and Palestine* : International community has called for an end to the escalating conflict. US President Joe Biden made a call to Israeli PM Benjamin Netanyahu and Palestinian President Mahmoud Abbas on Saturday.
2. *The death toll in Palestine due to Israeli airstrikes has reached 188 as the conflict entered its seventh day on Sunday* .
3. The history of the Israeli–Palestinian conflict began with the establishment of the state of Israel in 1948. This conflict came from the intercommunal violence in Mandatory Palestine between Israelis and Arabs from 1920 and erupted into full-scale hostilities in the 1947–48 civil war.
4. *The conflict has been ongoing for more than a 100 years between Jews and Arabs over a piece of land between Jordan river and the Mediterranean sea.* It was between 1882 to 1948, when the Jews from around the world gathered in Palestine. This movement came to be known as Aliyahs.
Then in 1917, Ottoman Empire fell after World War 1 and the UK got control over Palestine.
5. For more information you can watch a video with below line....🙏🏻
https://youtu.be/3n93K6lsKl4
6. The government of Bangladesh has decided to extend the strict lockdown in the country for one more week till May 23 in order to contain the spread of the Coronavirus in the country.
19 *The Union Ministry of Education has issued a clarification saying no final decision has been taken on cancellation of CBSE Class 12 Board Exams.* : It is to be noted that CBSE Class 12 students across the country are demanding the cancellation of CBSE Class 12 Board Exam 2021 due to the rise in COVID-19 cases across the country. Several students took Twitter to start an online campaign #SaveBoardStudents asking the Central government and Union Education minister Ramesh Pokhriyal ‘Nishank’ to either postpone the CBSE Class 12 Board Exam 2021 or evaluate their marks on the basis of the assessment plan of class 10.
20. *Defence Minister Rajnath Singh to release first batch of DRDO anti-Covid drug on Monday*
21. *Indian Army establishes Covid hospital in Kashmir* : With the increasing numbers of Covid positive patients across the Union Territory of Jammu and Kashmir, people are finding it difficult to get a hospital bed in state-run hospitals. Now, the Indian Army has come to the rescue of the administration by setting up a 250-bed Covid hospital in Srinagar’s Rangret area.
22. Overcoming all hurdles and finding new solutions, Indian Railways is continuing its journey of bringing relief by delivering Liquid Medical Oxygen(LMO) to various states across the country. So far, Indian Railways has delivered more than 9440 MT of LMO in nearly 590 tankers to various states across the country.
23. *COVID 19 STATUS*
▲ NEW
*TOTAL CASES* 24684077
▲ 311170
*TOTAL ACTIVE* 3618458
▲ -55344
*TOTAL RECOVERED* 20795335
▲ 362437
*TOTAL DEATHS* 270284
▲ 4077
*✈INTERNATIONAL NEWS*
1. A senior leader of the hardline Jamaat-e-Islami group has been arrested in Bangladesh for allegedly instigating violence in March during Indian PM Modi's visit to the country.
2. The High Commission of India in the United Kingdom said that 260 more oxygen concentrators have been airlifted to New Delhi, as India fights a devastating second COVID-19 wave.
3. *The External Affairs Minister of India, S Jaishankar interacted with a global task force of top American Companies.* The task force was set up in April 2021 to support India in tackling the second wave of the COVID-19 pandemic. The Union Minister informed about the virtual meeting through series of tweets and mentioned that he talked about India’s priorities such as vaccines, oxygen, and pharmaceuticals as well as the significance of effective supply chains.
*🌎WORLD NEWS🌍*
1. *UN Security Council hold meeting between Israel and Palestine* : International community has called for an end to the escalating conflict. US President Joe Biden made a call to Israeli PM Benjamin Netanyahu and Palestinian President Mahmoud Abbas on Saturday.
2. *The death toll in Palestine due to Israeli airstrikes has reached 188 as the conflict entered its seventh day on Sunday* .
3. The history of the Israeli–Palestinian conflict began with the establishment of the state of Israel in 1948. This conflict came from the intercommunal violence in Mandatory Palestine between Israelis and Arabs from 1920 and erupted into full-scale hostilities in the 1947–48 civil war.
4. *The conflict has been ongoing for more than a 100 years between Jews and Arabs over a piece of land between Jordan river and the Mediterranean sea.* It was between 1882 to 1948, when the Jews from around the world gathered in Palestine. This movement came to be known as Aliyahs.
Then in 1917, Ottoman Empire fell after World War 1 and the UK got control over Palestine.
5. For more information you can watch a video with below line....🙏🏻
https://youtu.be/3n93K6lsKl4
6. The government of Bangladesh has decided to extend the strict lockdown in the country for one more week till May 23 in order to contain the spread of the Coronavirus in the country.
YouTube
Israeli–Palestinian Conflict | HAMAS | Gaza Strip | West Bank | Al-Aqsa mosque | Jerusalem | O.I.C
Khan Sir Official App Link Here :- https://play.google.com/store/apps/details?id=xyz.penpencil.khansirofficial&hl=en_IN
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About…
twitter Link :- https://twitter.com/khansirpatna?s=08
Facebook Page Link :- https://www.facebook.com/khangsresearchcenter/
About…
*🚣🚴🏇🏁🏊Sports:*
*Rafael Nadal celebrates with the trophy after beating Novak Djokovic in the Italian Open final in Rome.* : Rafael Nadal warmed up for the French Open with a battling 7-5, 1-6, 6-3 win over world number one Novak Djokovic as the Spaniard claimed a record-extending 10th Italian Open title in Rome on Sunday.
*Note: The trio of Novak Djokovic, Rafael Nadal and Roger Federer have won an incredible 58 Grand Slam titles between them.*
*Swiatek demolishes Pliskova to win Rome title* : French Open champion Iga Swiatek served a warning to her rivals ahead of the claycourt Grand Slam with a 6-0, 6-0 demolition of former world number one Karolina Pliskova in the Italian Open final on Sunday.
3. Indian high jumper Tejaswin Shankar has claimed a gold medal at the Big 12 Outdoor Track and Field Championships in Manhattan, United States.Representing Kanasas State University, Tejaswin cleared 2.28 metres on Saturday, making a facility record.
*USD 73.28 💷GBP 103.32*
_In Chandigarh (UT)_
*🥇Gold ₹50,210©10 gm 24 (Krt)*
🥈 *Silver ₹71,100©Kg*
⛽ *Petrol ₹ 89.05*
⛽ *Diesel ₹ 82.89*
*LPG : ₹ 818.50/14.2 Kg*
*BSE Sensex* 48,732.55
*NIFTY* : 14,677.80
*🇮🇳Facts about India🇮🇳*
On May 16, 2021, the Sikkim Government celebrates its 46th Statehood Day. Every year Sikkim celebrates its State Day in May 16 as the state came into existence on this day in 1975.
After India became independent in 1947, Sikkim continued to enjoy the protectorate status with the republic of India. However, in 1973, anti-royalist riots occurred in the state. The monarch was eventually deposed in 1975. A referendum led to the state joining India. Sikkim was the 22nd state to join Union of India. Sikkim borders three countries namely China, Bhutan and Nepal.
*😀Thought of the day*
Dream big and dare to fail. –Norman Vaughan
*Joke of the day*
Admi mirch🌶️ ki tarah tikha🥵 aur tej hota hai
Magar mirch kitne bhi tej kyo na ho-aurat uska
achar 🥫dal deti hai🤪
*😳Why❓❓❓*
*Why can't we breathe under water.?*
When you breathe in air, the air travels from your nose, down your trachea (windpipe), and into your lungs.
As the lungs branch into smaller and smaller airways, the end in specialized sacs called alveolae. Here, oxygen passes through the lung membranes into the bloodstream, and waste products like carbon dioxide flow out of the blood and into the air, and are subsequently expelled when you breathe out.
Fish also need oxygen to live, but their lungs are not designed to extract oxygen from the air. Instead, by passing the water through their specialized organs (called gills), they can remove the oxygen and eliminate waste gases.
Since humans do not have gills, we cannot extract oxygen from water. Some marine mammals, like whales and dolphins, do live in water, but they don't breathe it. They have developed a mechanism to hold their breath for long periods of time underwater. Eventually, however, they have to come to the surface to exhale and then take a new breath.
🙏🏻 *LEARN Sanskrit*🙏🏻
*मृगः* - हिरन
*रजकः* - धोबी
💁🏻♂️ *GK TODAY*
*Mawsynram* is the wettest place on the planet and known for its stalagmites Shivalinga. The village in the East Khasi Hills is reportedly the wettest place on Earth and as per the Guinness Book of World Records Mawsynram received an annual rainfall of 11,872 millimetres.
🤔 *HOW......* ⁉️
*HOW DO PARACHUTES WORK?*
A parachute works by forcing air into the front of it and creating a structured 'wing' under which the canopy pilot can fly. Parachutes are controlled by pulling down on steering lines which change the shape of the wing, cause it to turn, or to increase or decrease its rate of descent.
Parachutes are packed into their containers so the cells are pointing forward. As the parachute deploys, air is allowed to rush in immediately. Slight variances in the way the parachute is packed can result in off-heading openings, but the design of the parachute means it will always fly front-first.
*Rafael Nadal celebrates with the trophy after beating Novak Djokovic in the Italian Open final in Rome.* : Rafael Nadal warmed up for the French Open with a battling 7-5, 1-6, 6-3 win over world number one Novak Djokovic as the Spaniard claimed a record-extending 10th Italian Open title in Rome on Sunday.
*Note: The trio of Novak Djokovic, Rafael Nadal and Roger Federer have won an incredible 58 Grand Slam titles between them.*
*Swiatek demolishes Pliskova to win Rome title* : French Open champion Iga Swiatek served a warning to her rivals ahead of the claycourt Grand Slam with a 6-0, 6-0 demolition of former world number one Karolina Pliskova in the Italian Open final on Sunday.
3. Indian high jumper Tejaswin Shankar has claimed a gold medal at the Big 12 Outdoor Track and Field Championships in Manhattan, United States.Representing Kanasas State University, Tejaswin cleared 2.28 metres on Saturday, making a facility record.
*USD 73.28 💷GBP 103.32*
_In Chandigarh (UT)_
*🥇Gold ₹50,210©10 gm 24 (Krt)*
🥈 *Silver ₹71,100©Kg*
⛽ *Petrol ₹ 89.05*
⛽ *Diesel ₹ 82.89*
*LPG : ₹ 818.50/14.2 Kg*
*BSE Sensex* 48,732.55
*NIFTY* : 14,677.80
*🇮🇳Facts about India🇮🇳*
On May 16, 2021, the Sikkim Government celebrates its 46th Statehood Day. Every year Sikkim celebrates its State Day in May 16 as the state came into existence on this day in 1975.
After India became independent in 1947, Sikkim continued to enjoy the protectorate status with the republic of India. However, in 1973, anti-royalist riots occurred in the state. The monarch was eventually deposed in 1975. A referendum led to the state joining India. Sikkim was the 22nd state to join Union of India. Sikkim borders three countries namely China, Bhutan and Nepal.
*😀Thought of the day*
Dream big and dare to fail. –Norman Vaughan
*Joke of the day*
Admi mirch🌶️ ki tarah tikha🥵 aur tej hota hai
Magar mirch kitne bhi tej kyo na ho-aurat uska
achar 🥫dal deti hai🤪
*😳Why❓❓❓*
*Why can't we breathe under water.?*
When you breathe in air, the air travels from your nose, down your trachea (windpipe), and into your lungs.
As the lungs branch into smaller and smaller airways, the end in specialized sacs called alveolae. Here, oxygen passes through the lung membranes into the bloodstream, and waste products like carbon dioxide flow out of the blood and into the air, and are subsequently expelled when you breathe out.
Fish also need oxygen to live, but their lungs are not designed to extract oxygen from the air. Instead, by passing the water through their specialized organs (called gills), they can remove the oxygen and eliminate waste gases.
Since humans do not have gills, we cannot extract oxygen from water. Some marine mammals, like whales and dolphins, do live in water, but they don't breathe it. They have developed a mechanism to hold their breath for long periods of time underwater. Eventually, however, they have to come to the surface to exhale and then take a new breath.
🙏🏻 *LEARN Sanskrit*🙏🏻
*मृगः* - हिरन
*रजकः* - धोबी
💁🏻♂️ *GK TODAY*
*Mawsynram* is the wettest place on the planet and known for its stalagmites Shivalinga. The village in the East Khasi Hills is reportedly the wettest place on Earth and as per the Guinness Book of World Records Mawsynram received an annual rainfall of 11,872 millimetres.
🤔 *HOW......* ⁉️
*HOW DO PARACHUTES WORK?*
A parachute works by forcing air into the front of it and creating a structured 'wing' under which the canopy pilot can fly. Parachutes are controlled by pulling down on steering lines which change the shape of the wing, cause it to turn, or to increase or decrease its rate of descent.
Parachutes are packed into their containers so the cells are pointing forward. As the parachute deploys, air is allowed to rush in immediately. Slight variances in the way the parachute is packed can result in off-heading openings, but the design of the parachute means it will always fly front-first.