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*Zee Entertainment Enterprises Ltd.* | *CMP* Rs. 191 | *M Cap* Rs. 18346 Cr | *52 W H/L* 261/135
(Nirmal Bang Retail Research)
*Result is marginally ahead of expectations*
Revenue from Operations came at Rs. 1965.8 Cr (-28% QoQ, 0.8% YoY) vs expectation of Rs. 2086.6 Cr, QoQ Rs. 2729.4 Cr, YoY Rs. 1951.1 Cr
EBIDTA came at Rs. 561.6 Cr (-11.1% QoQ, -199.8% YoY) vs expectation of Rs. 517.1 Cr, QoQ Rs. 631.8 Cr, YoY Rs. -562.6 Cr
EBITDA Margin came at 28.6% vs expectation of 24.8%, QoQ 23.1%, YoY -28.8%
Adj. PAT came at Rs. 301.9 Cr vs expectation of Rs. 327.9 Cr, QoQ Rs. 399.9 Cr, YoY Rs. -653 Cr
Quarter EPS is Rs. 3.1
Share is trading at P/E of 11.9x FY22E EPS

*KNR Construction Ltd.* | *CMP* Rs. 217 | *M Cap* Rs. 6103 Cr | *52 W H/L* 242/90
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 935.8 Cr (36.4% QoQ, 38.5% YoY) vs expectation of Rs. 813.6 Cr, QoQ Rs. 686.3 Cr, YoY Rs. 675.6 Cr
EBIDTA came at Rs. 182.2 Cr (34.7% QoQ, 24.1% YoY) vs expectation of Rs. 155.2 Cr, QoQ Rs. 135.3 Cr, YoY Rs. 146.9 Cr
EBITDA Margin came at 19.5% vs expectation of 19.1%, QoQ 19.7%, YoY 21.7%
Adj. PAT came at Rs. 77 Cr vs expectation of Rs. 83.7 Cr, QoQ Rs. 77.6 Cr, YoY Rs. 67.2 Cr Lower PAT in Q4FY21 is on account of higher Tax and lower other Income
Quarter EPS is Rs. 2.7
Share is trading at P/E of 13.3x FY22E EPS

*EPL Ltd.* | *CMP* Rs. 248 | *M Cap* Rs. 7826 Cr | *52 W H/L* 319/158
(Nirmal Bang Retail Research)
*Result below expectation*
Revenue from Operations came at Rs. 810.2 Cr (5.6% QoQ, 17.6% YoY) vs expectation of Rs. 779.3 Cr, QoQ Rs. 767.1 Cr, YoY Rs. 688.9 Cr
EBIDTA came at Rs. 139.8 Cr (-11.8% QoQ, 0.9% YoY) vs expectation of Rs. 155.6 Cr, QoQ Rs. 158.5 Cr, YoY Rs. 138.5 Cr
EBITDA Margin came at 17.3% vs expectation of 20%, QoQ 20.7%, YoY 20.1%
Adj. PAT came at Rs. 56.8 Cr vs expectation of Rs. 66.7 Cr, QoQ Rs. 70.9 Cr, YoY Rs. 48.6 Cr
Quarter EPS is Rs. 1.8
Share is trading at P/E of 23.7x FY22E EPS

*Havells India Ltd.* | *CMP* Rs. 1072 | *M Cap* Rs. 67131 Cr | *52 W H/L* 1238/447
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 3331.2 Cr (5.2% QoQ, 50.3% YoY) vs expectation of Rs. 3122.4 Cr, QoQ Rs. 3165.9 Cr, YoY Rs. 2216.1 Cr
EBIDTA came at Rs. 505.7 Cr (-0.5% QoQ, 106.1% YoY) vs expectation of Rs. 446.4 Cr, QoQ Rs. 508.1 Cr, YoY Rs. 245.3 Cr
EBITDA Margin came at 15.2% vs expectation of 14.3%, QoQ 16%, YoY 11.1%
Adj. PAT came at Rs. 302.3 Cr vs expectation of Rs. 298.5 Cr, QoQ Rs. 349.1 Cr, YoY Rs. 177.2 Cr Company has higher tax in Q4FY21
Quarter EPS is Rs. 4.8
Share is trading at P/E of 57.3x FY22E EPS

Based on complaint by JK Paper, DGTR might extend the antidumping duty on uncoated copier paper
#JKPaper

NATCO PHARMA AND ALEMBIC PHARMA SAID TO PRODUCE TREATMENT FOR BLACK FUNGUL DISEASE

India is the fastest growing major steel market in terms of production. Here are country-wise YoY growth rates as on March 2021

India +23.9%
China +19%
Iran +11%
Germany +10.5%
Russia +9.4%
Turkey +9.2%

India accounted for ~6% of global steel production
China is ~55%

GUFIC BIOSCIENCE ALSO DCGI APPROVAL FOR LIPOSOMAL

Go Airlines Chairman says ‘This is an ideal time to invest in low-cost airlines’..

Also says As investors recognize that people are tired of being shut in, we believe that there is going to be a big travel boom after the pandemic. The IPO will place us perfectly when the market rebounds.

#BSWebExclusive | SBI Q4 preview: Analysts see 65-115% YoY PAT growth on lower provisions. However, given the second wave of #Covid19, analysts would track the management’s asset quality outlook, and growth in loan book, reports @nikita_vashisht

https://t.co/uNS4We1dTW

BOSCH: DECLARED DIVIDEND OF RUPEES 115/SHARE

BOSCH: Q4 REVENUE 32.2B RUPEES VS 22.37B (YOY)

BOSCH: Q4 CONS NET PROFIT 4.82B RUPEES VS 809M (YOY); EST 3.3B I 1.84B (QOQ)

HPCL: Q4 SL NET PROFIT 30.18B RUPEES VS 268M (YOY); EST 15B | 23.5B (QOQ) || Q4 REVENUE 849.05B RUPEES VS 713B (YOY)

HPCL: CO RECOMMENDED FINAL EQUITY DIVIDEND OF 22.75 RUPEES PER SHARE

HPCL: AVG GRM DURING FY ENDED MARCH 31 AT $3.86 PER BBL VS $1.02 PER BBL (YOY)

FII and DII Trading activities as on 20May2021
FII F&O (Net)+3006.17Cr
FII INDEX FUTURES-960.9Cr
FII INDEX OPTIONS+5879.47Cr
FII STOCK FUTURES-1896.71Cr
FII STOCK OPTIONS-15.69Cr
FII CASH+71.04Cr
DII CASH-876.06Cr

Securities in Ban For Trade Date 21-MAY-2021:

BHEL
CADILAHC
JINDALSTEEL
NATIONALALUM
PNB
SAIL

*Added BHEL,JINDALSTEEL,PNB*
*Deleted NO*

Tax return due date extended

Individual - form 31 July to 30 September

Tax audit filing - form 30 sept to 31 oct

Audit tax returns - form 31 oct to 30 nov

Q4 TDs return filing form 31 May to 30 June

Bosch - Q4FY21 (Audited – Cons)
CMP: 15,838

Revenue from operations 3,216 Crs
2,236 Cr (43.81%) YoY | 3,030 Cr (6.18%) QoQ

Year ending revenue: 9,716 Cr Vs. 9,841 Cr (-1.31%)

Net Profit of 481.9 Cr
81.1 Cr (493.51%) YoY 184.2 Cr (161.13%) QoQ

Year ending Net profit: 482 Cr Vs. 650 Cr (-25.84%)

EPS (in Rs.) 163.8
27.4 YoY | 62.5 QoQ

Year ending EPS: 163.4 Vs. 220.8

View: Result is above expectation and very strong. YoY revenue significantly up and profit multifold in YoY. QoQ position is also sound.

Business Updates & Highlights

EBITDA (Cons.) in Q4FY21 was around INR 619.1 Cr Vs. 341.1 Cr in Q4FY20 Vs. 356.4 Cr in Q3FY21 therefore up by 81.4% in YoY and 73.8% up in QoQ. EBITDA margin in Q4FY21 was around 19.2% Vs. 15.2% in YoY Vs. 11.7% in QoQ therefore EBITDA margin improved by 400 bps in YoY and 750 bps in QoQ.

Q4FY21: Total revenue of Bosch Limited’s Mobility Solutions Business sector increased by 56.6 percent in the quarter ending on March 31, 2021. Within this business sector, total revenue of the Powertrain Solutions division increased by 65.6 percent. The Two-Wheeler and Powersports along with Automotive Aftermarket witnessed a continued growth during the quarter.

FY21: Company Mobility Solutions business sector increased by 2.4 percent in 2020-21. The Powertrain Solutions division registered an increase of 1.8 percent. Business beyond Mobility solutions has recorded a decline of 11.7 percent

Total investments in 2020-21 amounted to INR 246 crores with major spend on the expansion of Adugodi campus into a smart campus.

Bosch Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 20, 2021, inter alia, has
recommended a Dividend of INR 115/- (Indian Rupee One Hundred and Fifteen only) per equity share of Rs. 10 each, for the financial year ended March 31, 2021

Financial
ROE and ROCE is around 11% and 14% respectively and book value per share is around INR 3,140 and share is currently trading at 5.1x of its book value. Company is currently trading at annualized PE (forward PE) of around 33 which is fair as per Industry benchmark. Promoter holding in the company is around 79.5% which is very strong and stable. FIIs and DIIs hold around 4.3% and 16.1% respectively Operating cash flows as of March 2021 was around 715 Cr Vs. 1,336 Cr in March 2020. The good thing is company is virtually debt free.

Recommendation / Share view Share price high 16,900 (52 week) and now 15,900. Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Additionally, Bosch has in India the largest development center outside Germany, for end to end engineering and technology solutions. The Bosch Group operates in India through twelve companies: Bosch Limited – the flagship company of the Bosch Group in India.

Position: Share strong support price is INR 14,500. Long term investor should continue with the company and any correction will give good opportunity to enter. Target in long term can be 20K++

Opportunities

- Despite the pandemic in the year 2020 starting and Q1 and Q2 was almost washed out. Company has strongly come back in remaining two quarters Q3 and Q4. Strong Quarterly and yearly performance, in this quarter PAT more than double and margin also improved.

Bosch businesses beyond Mobility Solutions, the company has a two-pronged approach. On one hand, Bosch continues to bring-in ‘Fit for market’ products and solutions while on the other, the company will increase its ‘Go to Market’ footprint using both offline and digital platforms. Scaling up E-commerce activities will remain one of the key initiatives in FY2021-22.

To develop new business opportunities on the back of the profound technological and ecological changes currently occurring, Bosch is combining the internet of things (IoT) with artificial intelligence (AI) and is concentrating on electromobility.

Electrification offers Bosch new opportunities in several business areas, since it requires solutions not only for electric driving in cars, but also for electric heating in buildings. In powertrain technology, electromobility is establishing itself as Bosch’s core business. Fuel cells convert hydrogen into electricity, and Bosch is developing both stationary and mobile fuel-cell solutions. From 2021 to 2024, Bosch plans to invest one billion euros in fuel-cell technology.

The basis for the company’s future growth is its innovative strength. At 129 locations across the globe, Bosch employs some 73,000 associates in research and development, of which nearly 34,000 are software engineers.

Concern
Q1FY22 can be more challengeable for company due to alarming spike in COVID-19 cases in the second wave of the pandemic. There is a clear uncertainty in the market. With 80 percent of our revenues driven through mobility business affected adversely

Disclaimer: Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Please do the thoroughly study before enter or exit the shares.
RD Stock (“High Returns with Low Risk is the Key”)

Gautam Adani becomes Asia's second richest person, surges past China's Zong Shanshan

https://www.moneycontrol.com/news/business/gautam-adani-becomes-asias-second-richest-person-surges-past-chinas-zong-shanshan-6919301.html

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

*4.00 PM, 20th May 2021:*

*LATEST AFTER THE BELL: Tapering seen bad for Dalal Street.*

*Nifty (-124, 14906).*

Stocks listed at Dalal Street dropped in today’s trade as the Federal Reserve hinted at possible “tapering” in the minutes from its April meeting. Also blame in part to the weakness to concerns over inflation as the damage was seen touching many a momentum stocks.

The negative takeaway was that Nifty ended below the psychological 15000 mark.

Profit booking was primarily seen in metal and banking stocks. Metal stocks witnessed profit booking after China said that it will strengthen its management of commodity supply and demand to curb "unreasonable" increases in prices and prevent them being passed on to consumers, the country's cabinet said on Wednesday, as it urged coal producers to boost output. Prices for commodities such as coal, steel, iron ore and copper – of which China is the world's biggest user – have surged this year, fuelled by post-lockdown recoveries in demand and easing liquidity globally.

Amongst sectoral indices, the NSE Metal index tanked 3.08% trailed by NSE CPSE index which fell 1.70 while NSE Reality index gained 1.21%.

Meanwhile, the S&P BSE MidCap index ended 0.18% lower while and BSE SmallCap ended 0.10% lower.


*The other key highlights of today’s trade:*

• Nifty slips for 3rd day in a row. Metals drop 3%, Bank Nifty too falls, down 1.04%.
• Around 14 stocks of the Nifty 50 stocks ended the day in green.
• Top Index Gainers: CIPLA (+2.38%) M&M (+2.32%) BPCL (+2.09%)
• Top Index Losers: TATA STEEL (-5.10%) HINDALCO (-4.24%) COAL INDIA (-3.42%)
• Investors seen bracing with two fears: Inflation fears and the virus fears.


*Our view for Friday’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.

Confirmation of strength above Nifty 15137 mark.

SBI’s results to trickle in tomorrow will dictate the trend of Dalal Street in near term.

Amongst stocks on buy side, we like CIPLA, BPCL and COLPAL 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.

*WHAT THE BIG GUYS DID IN THURSDAY’S TRADING SESSION:*

*INSTITUTIONS ACTIVITY:*

20th May 2021.

FII: +8149.80 - 8078.76 = +71.04 Cr
DII +4723.27 - 5599.33 = -876.06 Cr

Idxfut +3422.55 - 4383.45 = -960.90 Cr
Idxopt + 677460.93 - 671581.46 = +5879.47 Cr
Stkfut + 15003.31 - 16900.02 = -1896.71 Cr
Stkopt + 18443.12 - 18458.81 = -15.69 Cr

Week Till Date
FII: -2264.06 Cr
DII: +669.42 Cr.

Month till Date:
FII: -10977.31 Cr.
DII: +1560.62 Cr.

*SGX Nifty at 7:24 PM: (+68, 15017)*