*Prism Johnson Ltd.* | *CMP* Rs. 144 | *M Cap* Rs. 7248 Cr | *52 W H/L* 144/29
(Nirmal Bang Retail Research)
*Result*
Revenue from Operations came at Rs. 1850.2 Cr (21.3% QoQ, 24.8% YoY) vs expectation of Rs. 1652.4 Cr, QoQ Rs. 1525.4 Cr, YoY Rs. 1483.1 Cr
EBIDTA came at Rs. 237.5 Cr (24.8% QoQ, 76.8% YoY) vs expectation of Rs. 231.4 Cr, QoQ Rs. 190.3 Cr, YoY Rs. 134.3 Cr
EBITDA Margin came at 12.8% vs expectation of 14%, QoQ 12.5%, YoY 9.1% (lower EBITDA margin as compared to Expected is on account of lower margin in Tiles business Cement margin seems to be in line)
Adj. PAT came at Rs. 143.8 Cr vs expectation of Rs. 78 Cr, QoQ Rs. 67.2 Cr, YoY Rs. -20.4 Cr (Higher PAT is on account of w/back of tax in current Quarter and loss last year was on account of higher Tax)
Quarter EPS is Rs. 2.9
Share is trading at EV/EBITDA of 9.1x FY22E EBITDA
(Nirmal Bang Retail Research)
*Result*
Revenue from Operations came at Rs. 1850.2 Cr (21.3% QoQ, 24.8% YoY) vs expectation of Rs. 1652.4 Cr, QoQ Rs. 1525.4 Cr, YoY Rs. 1483.1 Cr
EBIDTA came at Rs. 237.5 Cr (24.8% QoQ, 76.8% YoY) vs expectation of Rs. 231.4 Cr, QoQ Rs. 190.3 Cr, YoY Rs. 134.3 Cr
EBITDA Margin came at 12.8% vs expectation of 14%, QoQ 12.5%, YoY 9.1% (lower EBITDA margin as compared to Expected is on account of lower margin in Tiles business Cement margin seems to be in line)
Adj. PAT came at Rs. 143.8 Cr vs expectation of Rs. 78 Cr, QoQ Rs. 67.2 Cr, YoY Rs. -20.4 Cr (Higher PAT is on account of w/back of tax in current Quarter and loss last year was on account of higher Tax)
Quarter EPS is Rs. 2.9
Share is trading at EV/EBITDA of 9.1x FY22E EBITDA
Tech sell-off leads market to session lows with the Dow sliding 550 points
U.S. stocks fell sharply on Wednesday as massive selling returned to the tech sector amid a plunge in cryptocurrencies.
The Dow Jones Industrial Average fell 550 points, while the S&P 500 dropped 1.5%. The tech-heavy Nasdaq Composite slid 1.5% as Microsoft, Facebook, Alphabet and Apple all slid more than 1%
Sentiment in the tech sector was dented by a drop in cryptocurrencies including bitcoin. The world’s largest digital token plunged 30% at its low of the session to just above $30,000 according to Coin Metrics. Bitcoin has been cut in half since hitting an all-time high above $64,000 in mid-April. On Tuesday, China warned financial institutions not to conduct crypto-related business, possibly sparking the sell-off.
Tesla, a big holder of bitcoin, declined 4%. Microstrategy, another company which bought a large amount of bitcoin for its corporate treasury, tanked by 10%. Coinbase, the newly public crypto exchange, tumbled nearly 10%.
“There is no question that bitcoin has been the poster child for rampant market speculation and risk appetite,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. “Thus, it should be absolutely monitored in gauging the pulse of risk taking, and now risk aversion.”
Growth stocks have come under pressure lately with the Nasdaq Composite falling nearly 5% in May as fears of inflation intensified. A sustained pickup in price pressures could unravel the Federal Reserve’s accommodative policies, which could hurt technology companies that have relied for years on easy borrowing costs for superior growth.
Cathie Wood’s flagship fund Ark Innovation ETF (ARKK) dropped more than 4%, bringing its 2021 losses to more than 18%.
“This was bound to happen at some point in ’21 and a somewhat of a reset in crypto-pricing is likely more healthy vs negative for the broader equity markets over time,” Jordan Klein, an analyst at Barclays, said in a note.
The Fed publishes the minutes from its April meeting later Wednesday afternoon, which could add to angst about inflation. The Fed kept its easy policies that meeting, but acknowledged that inflation could rise in coming months. The central bank maintains that these price pressures will be transitory.
“The major question for markets right now is whether the Fed is right and this increase in inflation is just temporary, because if inflation is not temporary, it could unleash a very painful period for virtually all investors,” Tom Essaye, founder of Sevens Report, said in a note.
Helping the sentiment a bit on Wednesday was better-than-expected results from Target. Shares of the major retailer popped by 3.8% after it said sales surged 23% last quarter.
Major stock indexes came off back-to-back losses weighed by weakness in the technology sector. Soft housing data on Tuesday partly triggered the broad selling in the previous session.
U.S. stocks fell sharply on Wednesday as massive selling returned to the tech sector amid a plunge in cryptocurrencies.
The Dow Jones Industrial Average fell 550 points, while the S&P 500 dropped 1.5%. The tech-heavy Nasdaq Composite slid 1.5% as Microsoft, Facebook, Alphabet and Apple all slid more than 1%
Sentiment in the tech sector was dented by a drop in cryptocurrencies including bitcoin. The world’s largest digital token plunged 30% at its low of the session to just above $30,000 according to Coin Metrics. Bitcoin has been cut in half since hitting an all-time high above $64,000 in mid-April. On Tuesday, China warned financial institutions not to conduct crypto-related business, possibly sparking the sell-off.
Tesla, a big holder of bitcoin, declined 4%. Microstrategy, another company which bought a large amount of bitcoin for its corporate treasury, tanked by 10%. Coinbase, the newly public crypto exchange, tumbled nearly 10%.
“There is no question that bitcoin has been the poster child for rampant market speculation and risk appetite,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. “Thus, it should be absolutely monitored in gauging the pulse of risk taking, and now risk aversion.”
Growth stocks have come under pressure lately with the Nasdaq Composite falling nearly 5% in May as fears of inflation intensified. A sustained pickup in price pressures could unravel the Federal Reserve’s accommodative policies, which could hurt technology companies that have relied for years on easy borrowing costs for superior growth.
Cathie Wood’s flagship fund Ark Innovation ETF (ARKK) dropped more than 4%, bringing its 2021 losses to more than 18%.
“This was bound to happen at some point in ’21 and a somewhat of a reset in crypto-pricing is likely more healthy vs negative for the broader equity markets over time,” Jordan Klein, an analyst at Barclays, said in a note.
The Fed publishes the minutes from its April meeting later Wednesday afternoon, which could add to angst about inflation. The Fed kept its easy policies that meeting, but acknowledged that inflation could rise in coming months. The central bank maintains that these price pressures will be transitory.
“The major question for markets right now is whether the Fed is right and this increase in inflation is just temporary, because if inflation is not temporary, it could unleash a very painful period for virtually all investors,” Tom Essaye, founder of Sevens Report, said in a note.
Helping the sentiment a bit on Wednesday was better-than-expected results from Target. Shares of the major retailer popped by 3.8% after it said sales surged 23% last quarter.
Major stock indexes came off back-to-back losses weighed by weakness in the technology sector. Soft housing data on Tuesday partly triggered the broad selling in the previous session.
⭕ *Good news for Oil Marketing Cos - RIL, IOC, HPCL, BPCL*
*Singapore GRM has now surged to levels of $3.5/bbl from $1.4/bbl lows in Jan 2021*
Gross Refining margins across Asia has recovered over $3/bbl
Indian cos esp in Pvt sector do much better than Singapore GRM Benchmark
*Singapore GRM has now surged to levels of $3.5/bbl from $1.4/bbl lows in Jan 2021*
Gross Refining margins across Asia has recovered over $3/bbl
Indian cos esp in Pvt sector do much better than Singapore GRM Benchmark
*ITC HOLDERS KO AAJ CRYPTO CRASH DEKHAR EK DILASA HAI*
*BHALE BADHE NAI PAR AISA GIRE ITNA BEWAFA BHI NAI HAI*
*JUST ON LIGHTER NOTE😂*
*BHALE BADHE NAI PAR AISA GIRE ITNA BEWAFA BHI NAI HAI*
*JUST ON LIGHTER NOTE😂*
*WHAT THE BIG GUYS DID IN WEDNESDAY’S TRADING SESSION:*
*INSTITUTIONS ACTIVITY:*
19th May 2021.
FII: +7138.11 - 7835.86 = -697.75 Cr
DII +4722.98 - 5575.50 = -852.52 Cr
Idxfut +3301.70 - 3160.06 = +141.64 Cr
Idxopt + 415168.22 - 415467.12 = -298.90 Cr
Stkfut + 11715.19 - 13141.49 = -1425.70 Cr
Stkopt + 19566.29 - 19650.28 = -83.99 Cr
Week Till Date
FII: -2335.10 Cr
DII: +1545.48 Cr.
Month till Date:
FII: -11048.35 Cr.
DII: +2436.68 Cr.
*SGX Nifty at 7:17 PM: (-40, 14998)*
*INSTITUTIONS ACTIVITY:*
19th May 2021.
FII: +7138.11 - 7835.86 = -697.75 Cr
DII +4722.98 - 5575.50 = -852.52 Cr
Idxfut +3301.70 - 3160.06 = +141.64 Cr
Idxopt + 415168.22 - 415467.12 = -298.90 Cr
Stkfut + 11715.19 - 13141.49 = -1425.70 Cr
Stkopt + 19566.29 - 19650.28 = -83.99 Cr
Week Till Date
FII: -2335.10 Cr
DII: +1545.48 Cr.
Month till Date:
FII: -11048.35 Cr.
DII: +2436.68 Cr.
*SGX Nifty at 7:17 PM: (-40, 14998)*
*4.00 PM, 19th May 2021:*
*LATEST AFTER THE BELL: Nifty fades —— tracking losses in Asia, Europe and on Wall Street.*
*Nifty (-78, 15030).*
The benchmarks at Dalal Street slipped in today’s trade and most of the momentum stocks were under sharp pressure primarily tracking losses in Asia and overnight losses on Wall Street.
*The negative catalyst:* Investors stepped back amidst worries about inflationary pressures, with the minutes of the Federal Reserve’s latest meeting swinging into focus.
The minutes of the Federal Open Market Committee meeting of April 27-28 will be released later in the evening with investors watching out for any indications on whether the central bank is considering a shift in its accommodative monetary stance.
Adding to worries over global inflation, U.K. data showed consumer prices rose 1.5% on the year in April, twice the rate of inflation reported in March.
Meanwhile, the S&P BSE MidCap index ended 0.05% lower while and BSE SmallCap ended 0.64% higher.
Amongst sectoral indices, the trend was largely mixed. The NSE Metal index slipped 1.07% trailed by NSE Auto and NSE Bank which fell 0.81% and 0.77% respectively while NSE Reality and NSE Pharma index gained 2.07% and 1.29% respectively.
Coal India, Cipla, Sun Pharma, UPL, Nestle India, Indian Oil Corporation, Tech M, Axis Bank, and SBI Life were the top gainers of the day.
*The other key highlights of today’s trade:*
• Nifty slips but manages to hold above the 15000 mark. Bank Nifty too falls, down 0.7%.
• Around 22 stocks of the Nifty 50 stocks ended the day in green.
• Top Index Gainers: COAL INDIA (+3.45%) CIPLA (+2.08%) SUN PHARMA (+1.9%)
• Top Index Losers: TATA MOTORS (-5.52%) BAJAJ FINSERV (-1.77%) M&M (-1.62%)
• Investors bracing with two fears: Inflation fears and the virus fears.
*Our view for Thursday’s trade:*
Technically speaking, Nifty’s make-or-break supports are placed at 14756 mark. As long as Nifty’s 14756 support holds, the benchmark will aim its all-time-high at 15432 mark and then all bullish bets at magical 16000 mark.
Meanwhile, commanding attention would be — how global stock markets will react to the Wednesday’s release of minutes from the Federal Reserve’s most recent meeting to help gauge the central bank’s tolerance for pricing pressures in the aftermath of the COVID pandemic.
Amongst stocks on buy side, we like COAL INDIA with interweek/intermonth perspective.
Stay Tuned.
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.
*LATEST AFTER THE BELL: Nifty fades —— tracking losses in Asia, Europe and on Wall Street.*
*Nifty (-78, 15030).*
The benchmarks at Dalal Street slipped in today’s trade and most of the momentum stocks were under sharp pressure primarily tracking losses in Asia and overnight losses on Wall Street.
*The negative catalyst:* Investors stepped back amidst worries about inflationary pressures, with the minutes of the Federal Reserve’s latest meeting swinging into focus.
The minutes of the Federal Open Market Committee meeting of April 27-28 will be released later in the evening with investors watching out for any indications on whether the central bank is considering a shift in its accommodative monetary stance.
Adding to worries over global inflation, U.K. data showed consumer prices rose 1.5% on the year in April, twice the rate of inflation reported in March.
Meanwhile, the S&P BSE MidCap index ended 0.05% lower while and BSE SmallCap ended 0.64% higher.
Amongst sectoral indices, the trend was largely mixed. The NSE Metal index slipped 1.07% trailed by NSE Auto and NSE Bank which fell 0.81% and 0.77% respectively while NSE Reality and NSE Pharma index gained 2.07% and 1.29% respectively.
Coal India, Cipla, Sun Pharma, UPL, Nestle India, Indian Oil Corporation, Tech M, Axis Bank, and SBI Life were the top gainers of the day.
*The other key highlights of today’s trade:*
• Nifty slips but manages to hold above the 15000 mark. Bank Nifty too falls, down 0.7%.
• Around 22 stocks of the Nifty 50 stocks ended the day in green.
• Top Index Gainers: COAL INDIA (+3.45%) CIPLA (+2.08%) SUN PHARMA (+1.9%)
• Top Index Losers: TATA MOTORS (-5.52%) BAJAJ FINSERV (-1.77%) M&M (-1.62%)
• Investors bracing with two fears: Inflation fears and the virus fears.
*Our view for Thursday’s trade:*
Technically speaking, Nifty’s make-or-break supports are placed at 14756 mark. As long as Nifty’s 14756 support holds, the benchmark will aim its all-time-high at 15432 mark and then all bullish bets at magical 16000 mark.
Meanwhile, commanding attention would be — how global stock markets will react to the Wednesday’s release of minutes from the Federal Reserve’s most recent meeting to help gauge the central bank’s tolerance for pricing pressures in the aftermath of the COVID pandemic.
Amongst stocks on buy side, we like COAL INDIA with interweek/intermonth perspective.
Stay Tuned.
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.
*Adani Green* to acquire SB Energy’s India portfolio for $3.5 bn:
*This is the largest acquisition in the renewable energy sector in India*
https://www.thehindubusinessline.com/companies/adani-green-to-acquire-sb-energys-india-renewable-energy-portfolio-for-35-bn/article34592736.ece
*This is the largest acquisition in the renewable energy sector in India*
https://www.thehindubusinessline.com/companies/adani-green-to-acquire-sb-energys-india-renewable-energy-portfolio-for-35-bn/article34592736.ece
BusinessLine
Adani Green to acquire SB Energy’s India portfolio for $3.5 bn
This is the largest acquisition in the renewable energy sector in India
$600 billion wiped out! Crypto tumble is becoming very painful
https://economictimes.indiatimes.com/markets/cryptocurrency/600-billion-wiped-out-crypto-tumble-is-becoming-very-painful/articleshow/82767649.cms
Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21
https://economictimes.indiatimes.com/markets/cryptocurrency/600-billion-wiped-out-crypto-tumble-is-becoming-very-painful/articleshow/82767649.cms
Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21
The Economic Times
$600 billion wiped out! Crypto tumble is becoming very painful
The value of more than 7,000 tokens tracked by CoinGecko has shrunk more than $600 billion in the past week to $1.9 trillion.
BIG BREAKING:
Good news for Farmers n Fertiliser stocks:
Govt HIKES SUBSIDY on DAP fertiliser by HUGE 140%
Subsidy increased to Rs 1200 per bag from 500
DAP bag price now 1200 for farmers vs 2400 earlier
Govt to spend additional Rs 14,775 Cr.
Good news for Farmers n Fertiliser stocks:
Govt HIKES SUBSIDY on DAP fertiliser by HUGE 140%
Subsidy increased to Rs 1200 per bag from 500
DAP bag price now 1200 for farmers vs 2400 earlier
Govt to spend additional Rs 14,775 Cr.
*THE PRIMARY DIFFERENCE BETWEEN THE RICH & THE POOR IS HOW THEY HANDLE FEAR IN INVESTMENT*.
*Subex Q4FY21 earnings con-call*
*• IoT security solutions* – capabilities expanded to operational technologies across manufacturing, industrials and public infrastructure
• Partner ecosystem management has been enhanced
• *Identity analytics platform* – have enhance capabilities with next-gen e-KYC solutions; SaaS based solutions
• *Large deals* – Saudi Telecom, Telefornica (US), North American Tier 1 client; Secured 3 new logos for the core transformation solutions
• *IoT* – Secured deals in manufacturing and Petroleum; have secured deal for 1 plant in 1 country and will try and expand in other geogs
• *Strong enhancement of talent* – CTO has been on-boarded; have enhanced IoT go-to-market in the US; have also enhance the sales team for identity solutions
• *Outlook* – entering FY22 with good momentum and strong order-backlog; expect the revenue growth in double-digits;
o Generally Q1 revenue is lower than the avg. quarterly revenue and Q4 is the highest; this trend will continue
• *Hypersense (cloud native) platform* – will transition all the clients to this platform; Telcos have had very low share of e-commerce; Customers can launch No-code platform and launch services which are IoT and 5G ready; Will transition Subex’s products to this environment
o Challenges – transition from license to subscription based model; will have to evolve over time; Do not see a downside to revenue; Subex will also provide the infrastructure software which will increase the deal size
• *Snowflakes partnership* – Snowflakes does not have presence in the telco segment; there is good cross-selling opportunities; Snowflakes found company’s AI studio very interesting
• Expect *new solutions* to contribute US$15-20mn revenue in couple of years
*• IoT security solutions* – capabilities expanded to operational technologies across manufacturing, industrials and public infrastructure
• Partner ecosystem management has been enhanced
• *Identity analytics platform* – have enhance capabilities with next-gen e-KYC solutions; SaaS based solutions
• *Large deals* – Saudi Telecom, Telefornica (US), North American Tier 1 client; Secured 3 new logos for the core transformation solutions
• *IoT* – Secured deals in manufacturing and Petroleum; have secured deal for 1 plant in 1 country and will try and expand in other geogs
• *Strong enhancement of talent* – CTO has been on-boarded; have enhanced IoT go-to-market in the US; have also enhance the sales team for identity solutions
• *Outlook* – entering FY22 with good momentum and strong order-backlog; expect the revenue growth in double-digits;
o Generally Q1 revenue is lower than the avg. quarterly revenue and Q4 is the highest; this trend will continue
• *Hypersense (cloud native) platform* – will transition all the clients to this platform; Telcos have had very low share of e-commerce; Customers can launch No-code platform and launch services which are IoT and 5G ready; Will transition Subex’s products to this environment
o Challenges – transition from license to subscription based model; will have to evolve over time; Do not see a downside to revenue; Subex will also provide the infrastructure software which will increase the deal size
• *Snowflakes partnership* – Snowflakes does not have presence in the telco segment; there is good cross-selling opportunities; Snowflakes found company’s AI studio very interesting
• Expect *new solutions* to contribute US$15-20mn revenue in couple of years
*Industry & Market related News - 19 May 2021*
▶️ India unlikely to resume sizable Covid-19 vaccine exports until October: Sources
https://health.economictimes.indiatimes.com/news/industry/india-unlikely-to-resume-sizable-covid-19-vaccine-exports-until-october-sources/82733452
▶️ The Federal Bank Limited to invest Rs. 148 crore in Fedbank Financial Services Ltd
https://www.equitybulls.com/admin/news2006/news_det.asp?id=288733
▶️ Global shares gain despite pandemic, inflation fears
https://telanganatoday.com/global-shares-gain-despite-pandemic-inflation-fears
▶️ Covid-led operational curbs in India impacted business: Walmart
https://www.financialexpress.com/industry/covid-led-operational-curbs-in-india-impacted-business-walmart/2254513/
▶️ Demand for women board leaders grown by 150%
https://www.freepressjournal.in/business/demand-for-women-board-leaders-grown-by-150
▶️ India unlikely to resume sizable Covid-19 vaccine exports until October: Sources
https://health.economictimes.indiatimes.com/news/industry/india-unlikely-to-resume-sizable-covid-19-vaccine-exports-until-october-sources/82733452
▶️ The Federal Bank Limited to invest Rs. 148 crore in Fedbank Financial Services Ltd
https://www.equitybulls.com/admin/news2006/news_det.asp?id=288733
▶️ Global shares gain despite pandemic, inflation fears
https://telanganatoday.com/global-shares-gain-despite-pandemic-inflation-fears
▶️ Covid-led operational curbs in India impacted business: Walmart
https://www.financialexpress.com/industry/covid-led-operational-curbs-in-india-impacted-business-walmart/2254513/
▶️ Demand for women board leaders grown by 150%
https://www.freepressjournal.in/business/demand-for-women-board-leaders-grown-by-150
ETHealthworld.com
India unlikely to resume sizable Covid-19 vaccine exports until October: Sources - ET HealthWorld
Battling the world's biggest jump in coronavirus infections, India halted vaccine exports a month ago after donating or selling more than 66 million d..
https://youtu.be/kUJIGZBKMso
For more such interesting market insights, please subscribe to Nirmal Bang's YouTube channel.
For more such interesting market insights, please subscribe to Nirmal Bang's YouTube channel.
YouTube
Commodity Strategies By Mr. Kunal Shah, Head Of Commodities Research, Nirmal Bang
Commodity Strategy Here are our social media handles. Request you to follow us and stay connected for more updates:LinkedIn: https://www.linkedin.com/company...
https://youtu.be/zy9HqGLgflM
For more such interesting market insights, please subscribe to Nirmal Bang's YouTube channel.
For more such interesting market insights, please subscribe to Nirmal Bang's YouTube channel.
YouTube
Mr. Ullas Kamath, Jyothi Labs LTD in conversation with Ms. Hiral Dadia (Anchor & Editor)
Economy Outlook Here are our social media handles. Request you to follow us and stay connected for more updates:LinkedIn: https://www.linkedin.com/company/ni...
IEX: Sources to @CNBC_Awaaz
Dalmia Power to sell 4.5% stake via block deal
Dalmia Powe to sell 1.34 crores shares in co worth Rs 500 cr✔️
Indicative price range for block deal at Rs 363-382/sh
Kotak said to be banker to the deal
Dalmia Power to sell 4.5% stake via block deal
Dalmia Powe to sell 1.34 crores shares in co worth Rs 500 cr✔️
Indicative price range for block deal at Rs 363-382/sh
Kotak said to be banker to the deal
*INEOS Styrolution India Ltd.* | *CMP* Rs. 1305 | *M Cap* Rs. 2295 Cr | *52 W H/L* 1305/484
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 636.5 Cr (31.3% QoQ, 77.3% YoY) vs QoQ Rs. 484.8 Cr, YoY Rs. 359 Cr
EBIDTA came at Rs. 227.3 Cr (57.7% QoQ, 955% YoY) vs QoQ Rs. 144.1 Cr, YoY Rs. 21.5 Cr
EBITDA Margin came at 35.7% vs QoQ 29.7%, YoY 6%
Adj. PAT came at Rs. 161.4 Cr vs QoQ Rs. 103 Cr, YoY Rs. 4.5 Cr
Quarter EPS is Rs. 91.8
Share is trading at P/E of 8.2x TTM EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 636.5 Cr (31.3% QoQ, 77.3% YoY) vs QoQ Rs. 484.8 Cr, YoY Rs. 359 Cr
EBIDTA came at Rs. 227.3 Cr (57.7% QoQ, 955% YoY) vs QoQ Rs. 144.1 Cr, YoY Rs. 21.5 Cr
EBITDA Margin came at 35.7% vs QoQ 29.7%, YoY 6%
Adj. PAT came at Rs. 161.4 Cr vs QoQ Rs. 103 Cr, YoY Rs. 4.5 Cr
Quarter EPS is Rs. 91.8
Share is trading at P/E of 8.2x TTM EPS
Dear All,
Nirmal Bang Is Inviting you for a Webinar with Tradetron!!
Date: Today
Time : 4.30 p.m
Please check the registration link mentioned below:
https://zoom.us/webinar/register/WN_d6JnM4FWT3iuI-qSknMcXQ
Topics to be discussed are:
1. How to select & deploy a strategy from marketplace
2. How to create a strategy using strategy templates
3. Multiple client execution features
4. Steps to configure a broker for clients
5. Pricing & other features detail
Nirmal Bang Is Inviting you for a Webinar with Tradetron!!
Date: Today
Time : 4.30 p.m
Please check the registration link mentioned below:
https://zoom.us/webinar/register/WN_d6JnM4FWT3iuI-qSknMcXQ
Topics to be discussed are:
1. How to select & deploy a strategy from marketplace
2. How to create a strategy using strategy templates
3. Multiple client execution features
4. Steps to configure a broker for clients
5. Pricing & other features detail
Zoom Video
Welcome! You are invited to join a webinar: Tradetron Demo for Stock Broker & Sub-Brokers. After registering, you will receive…
Topics to discussed:
How to select & deploy a strategy from marketplace
How to create a strategy using strategy templates
Multiple client execution features
Steps to configure a broker for clients
Pricing & other features detail
How to select & deploy a strategy from marketplace
How to create a strategy using strategy templates
Multiple client execution features
Steps to configure a broker for clients
Pricing & other features detail
*TCI Express Ltd.* | *CMP* Rs. 1074 | *M Cap* Rs. 4128 Cr | *52 W H/L* 1074/511
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 279.8 Cr (6.6% QoQ, 17.6% YoY) vs expectation of Rs. 266.1 Cr, QoQ Rs. 262.5 Cr, YoY Rs. 237.9 Cr
EBIDTA came at Rs. 54.4 Cr (19.9% QoQ, 103.8% YoY) vs expectation of Rs. 44.3 Cr, QoQ Rs. 45.4 Cr, YoY Rs. 26.7 Cr
EBITDA Margin came at 19.4% vs expectation of 16.6%, QoQ 17.3%, YoY 11.2%
Adj. PAT came at Rs. 42.6 Cr vs expectation of Rs. 32.3 Cr, QoQ Rs. 33.6 Cr, YoY Rs. 19 Cr
Quarter EPS is Rs. 11.1
Share is trading at P/E of 34.6x FY22E EPS
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 279.8 Cr (6.6% QoQ, 17.6% YoY) vs expectation of Rs. 266.1 Cr, QoQ Rs. 262.5 Cr, YoY Rs. 237.9 Cr
EBIDTA came at Rs. 54.4 Cr (19.9% QoQ, 103.8% YoY) vs expectation of Rs. 44.3 Cr, QoQ Rs. 45.4 Cr, YoY Rs. 26.7 Cr
EBITDA Margin came at 19.4% vs expectation of 16.6%, QoQ 17.3%, YoY 11.2%
Adj. PAT came at Rs. 42.6 Cr vs expectation of Rs. 32.3 Cr, QoQ Rs. 33.6 Cr, YoY Rs. 19 Cr
Quarter EPS is Rs. 11.1
Share is trading at P/E of 34.6x FY22E EPS
*Indian Oil Corporation Ltd.* | *CMP* Rs. 107 | *M Cap* Rs. 101108 Cr | *52 W H/L* 107.4/71
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 123714 Cr (16.3% QoQ, 4.5% YoY) vs expectation of Rs. 129634.8 Cr, QoQ Rs. 106336.5 Cr, YoY Rs. 118439.1 Cr
EBIDTA came at Rs. 14697.2 Cr (52.7% QoQ, 6826.8% YoY) vs expectation of Rs. 9174.4 Cr, QoQ Rs. 9621.9 Cr, YoY Rs. 212.2 Cr
EBITDA Margin came at 11.9% vs expectation of 7.1%, QoQ 9%, YoY 0.2%
Adj. PAT came at Rs. 8781.3 Cr vs expectation of Rs. 4138.2 Cr, QoQ Rs. 4916.6 Cr, YoY Rs. 6119.3 Cr
Quarter EPS is Rs. 9.3
Share is trading at P/E of 6.6x FY22E EPS
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 123714 Cr (16.3% QoQ, 4.5% YoY) vs expectation of Rs. 129634.8 Cr, QoQ Rs. 106336.5 Cr, YoY Rs. 118439.1 Cr
EBIDTA came at Rs. 14697.2 Cr (52.7% QoQ, 6826.8% YoY) vs expectation of Rs. 9174.4 Cr, QoQ Rs. 9621.9 Cr, YoY Rs. 212.2 Cr
EBITDA Margin came at 11.9% vs expectation of 7.1%, QoQ 9%, YoY 0.2%
Adj. PAT came at Rs. 8781.3 Cr vs expectation of Rs. 4138.2 Cr, QoQ Rs. 4916.6 Cr, YoY Rs. 6119.3 Cr
Quarter EPS is Rs. 9.3
Share is trading at P/E of 6.6x FY22E EPS
*SML Isuzu Ltd.* | *CMP* Rs. 444 | *M Cap* Rs. 643 Cr | *52 W H/L* 554/332
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 258.4 Cr (40.6% QoQ, -5% YoY) vs QoQ Rs. 183.9 Cr, YoY Rs. 272.2 Cr
EBIDTA came at Rs. -5.1 Cr (-44.8% QoQ, -158.9% YoY) vs QoQ Rs. -9.2 Cr, YoY Rs. 8.6 Cr
EBITDA Margin came at -2% vs QoQ -5%, YoY 3.2%
Adj. PAT came at Rs. -20.1 Cr vs QoQ Rs. -26.4 Cr, YoY Rs. -2 Cr
Quarter EPS is Rs. -13.9
Share is trading at P/E of -4.8x TTM EPS
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 258.4 Cr (40.6% QoQ, -5% YoY) vs QoQ Rs. 183.9 Cr, YoY Rs. 272.2 Cr
EBIDTA came at Rs. -5.1 Cr (-44.8% QoQ, -158.9% YoY) vs QoQ Rs. -9.2 Cr, YoY Rs. 8.6 Cr
EBITDA Margin came at -2% vs QoQ -5%, YoY 3.2%
Adj. PAT came at Rs. -20.1 Cr vs QoQ Rs. -26.4 Cr, YoY Rs. -2 Cr
Quarter EPS is Rs. -13.9
Share is trading at P/E of -4.8x TTM EPS