*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

$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

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.

*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

*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

https://youtu.be/kUJIGZBKMso

For more such interesting market insights, please subscribe to Nirmal Bang's YouTube channel.

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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

*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

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

*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

BULK DEAL IN COFORGE OF 31.52 @ 3253 IN BSE
CMP 3288 -4

*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

*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

Buy Rallis India; target of Rs 350: ICICI Direct

https://www.moneycontrol.com/news/business/stocks/buy-rallis-india-target-of-rs-350-icici-direct-2-6912421.html

Download moneycontrol app: http://m.moneycontrol.com/mom

HAPPIEST MINDS: CO PARTNERS WITH COCO COLA BOTTLING COMPANY UNITED IN THEIR ROBOTIC AUTOMATION JOURNEY

THE AVIATION SECTOR HAS BEEN HIT HARD BY THE SECOND WAVE AND THE RESTRICTIONS THAT FOLLOWED. THERE HAS BEEN A 26% FALL IN DOMESTIC PASSENGERS COMPARED TO MARCH, ACCORDING TO A REPORT BY DGCA INDIA

INDIA GOVT OFFICIAL: EXPECT MAY GST REVENUE AT AROUND 1T RUPEES II EXPECT GST REVENUE TO SLIP IN JUNE, REBOUND POST 1Q ONCE COVID SITUATION STABILISES: REUTERS