$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
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https://economictimes.indiatimes.com/markets/cryptocurrency/600-billion-wiped-out-crypto-tumble-is-becoming-very-painful/articleshow/82767649.cms
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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
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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...
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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
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Topics to be discussed are:
1. How to select & deploy a strategy from marketplace
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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
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
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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
Moneycontrol
Buy Rallis India; Target Of Rs 350: ICICI Direct
ICICI Direct is bullish on Rallis India has recommended buy rating on the stock with a target price of Rs 350 in its research report dated April 24, 2021.
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