Insider Trades

Godrej Agrovet: Promoter Godrej Industries bought 18,300 shares on May 17.

Pledge Share Details

JSW Steel: Promoter JSW Holdings revoked pledge of 9 lakh shares on May 14.

Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 18.25 lakh shares on May 18

Stocks To Watch

L&T: Transferred its digital transformation business undertaking, incubated and conducted as L&T-NxT to Mindtree, a listed a subsidiary of the company, for Rs 198 crore. The sale is expected to be completed by July 31, subject to satisfaction of conditions precedent indentified under the business transfer agreement.

Apollo Tyres: To resume operations at Perambra plant in Kerala from today. The company had suspended operations at the plant pursuant to directives issued by the District Government Authority.

City Union Bank: RBI has imposed a penalty of Rs 1 crore on the bank for non-compliance with certain provisions of the directions contained in RBI (Lending to MSME Sector) Directions 2017 and the circulars on Educational Loan Scheme and Credit Flow to Agriculture.

Cipla: The company’s Abbreviated New Drug Application for Dolutegravir Sodium has been approved by FDA.

Jaypee Infratech's creditors deemed a resolution plan by NBCC as non-compliant with the provisions of IBC, according to sources. The plan was rejected due to non-compliance with rules governing the payment of dissenting creditors. Financial creditors to put Suraksha ARC's plan to vote on Monday. Suraksha ARC's resolution plan had scored higher than NBCC's.

Ujjivan Small Finance Bank: Ittira Davis has resigned as Additional Director (Non-Executive, Non-Independent) of the bank.

Union Bank of India: Approved closure of QIP on May 20 and issue price of Rs 33.82 per share. The issue price is at a discount of 5% to the floor price of Rs 35.60 per share.

Nifty Earnings: Hindalco Industries, JSW Steel, SBI, Shree Cement,


Non-Nifty Earnings: Aarti Surfactants, Anuh Pharma, Birlasoft, CCL Products (India), Container Corporation of India, Crompton Greaves Consumer Electricals, DCW, Dhanuka Agritech, Dharamsi Morarji Chemical Co., Elgi Equipments, ESAB India, Godrej Industries, Dr. Lal PathLabs, Seacoast Shipping Services, Shoppers Stop, South Indian Bank, United Spirits

World Markets

Dow + 188
Nasdaq + 236
Dax + 256
Nikkei + 255
Hangseng + 135
Sgxnifty + 132 (15070)
Brent Crude 65.29
Dow Fut + 75
Dollar Index 89.75

*DCM Nouvelle* : Result update
TP: ₹ 250
✅Stock tdg @ 1.5xFY22E EBITDA
✅ Stock available@ 2.5xFY22EEPS

*Spectacular Q4FY21*
Revenue at 188cr vs 154cr _(+23% QoQ)_ vs 139cr _(+35% YoY)_

EBITDA at 38cr vs 22cr _(+73% QoQ)_ vs 10cr _(+280% YoY)_
EBITDA margin 20% at vs 14% _(+600bps QoQ)_ vs 7% _(+1300bps YoY)_

PAT at 24.5cr vs 12cr _(+104% QoQ)_ vs 2cr _(+1125% YoY)_
_*EPS of 13.10vs 6.56 (+104% QoQ)vs 0.92 (+1125% YoY)*__

*FY2020-21*
Revenue at 569cr vs 588cr _(-3% YoY)_

EBITDA at 65.5cr vs 35cr _(+%87 YoY)_
EBITDA margin at 12% vs 6% _(+600bps YoY)_

PAT at 30.5cr vs 4cr _(+663% YoY)_
EPS of 16.33 vs 2.31 _(+663% YoY)_
🎯🎯DCM Nouvelle also 300 acre surplus land in Hissar ( mkt value around 2000 Cr)

_Real wealth is created by Investing ahead of the Street_

*Shree Ajit Pulp & Paper Ltd (SAPPL)* TP 600
Tdg @ 3.5xFY22EEPS
✅Will flare up like Kwality Pharma

A smallcap stock with a very tiny market cap in the booming Kraft paper industry with excellent track record
*Huge 16500 tonne production capacity* .
Stock is bound to get Investors fancy once Q4 results are declared.

_*Manufacturing only Kraft Paper (prices up 50% in Q4)*_
Consistently good track record. Available at less than 1xP/B
FY20 EPS was 38
Q3FY21 EPS alone was Rs. 20. Q4 to be even better. (Can it get any cheaper?)
Possible to report 80-85 EPS for FY22
Low floating stock. Stock will be back-to-back UC once Q4 declared. Trading volume will increase as stock price goes up
Possible 600 in 6 months, subject to mkt conditions
Wont find paper stock trading so cheap.

Buy now to stay ahead of street as stock price is bound to flare up very quickly.

SAMBANDAM SPG:Dirt Cheap
BSE code 521240
TP Rs 200

🌈Stock tdg @ 2.7xFY22EEPS and mcap 0.9xFY22E ebidta

SAMBANDAM Spinning Mills Ltd has 110000 spindles manufacturing 100% cotton yarn for domestic and export markets

Q3FY21 vs Q3FY20:

Sales 70 Cr Vs 45 Cr
PAT zooms 760% to 3.61 Cr Vs 42 lakh
✅EPS Rs 8.47 Vs 98 paise

Q3FY21 ebidta is 10.25 Cr

🎯Sambandam Spg has 100% captive power generation, resulting in lower power cost. Further, Sambandam is ranked in Top 10 Spinning Mills with highest Productivity

Sambandam Spinning should achieve minimum EPS of Rs 30 for FY22.
Mcap of 35 Cr is lower FY22E Ebidta of 40 Cr
💎New Spinning mill with similar capacity will entail 450 Cr Investment

Smallcap for Big appreciation

Personal due diligence advised. TP subject to mkt conditions

Buy NOW before Q4

*SURYALATA SPINNING* : TP ₹ 250
🚀₹16 EPS only for Q3FY21
No Brainer:High Conviction
Tdg at ONLY 1xFY22Eebidta
3-4 back to back UC possible once Q4 results are out

✅ Tdg @ 3.75xFY20 EPS
✅ Quoting @ 0.40xBook
✅ Available@ 2.40xFY22EEPS
✅Book Value 297
💎Promoter 70.36%. Nil pledge
✅ Mcap just 0.13xSales
🎯Tiny Equity of 4.27cr

✅ FY18 Revenue 330cr , EBITDA 25cr
✅FY19 Revenue 390cr , EBITDA 41cr
✅FY20 Revenue 370cr , EBITDA 41cr

🔥1,20,000 spindles
🔥Glorious Q4 financial Q4 coming.
🔥FY22EEPS Rs 50/more
🔥Strong management. Low overheads
🖐️Buy Value, Go for consistency, ignore Hype for safe Higher return

Grossly Undervalued. High conviction stock. Personal due diligence advised. TP subject to mkt conditions

Jindal polyfilm BOPP capacity 2x Vs Cosmo Films. From bumper Q4 of Cosmo , clear that Jindal polyfilm Q4 EPS can be 70+.
➡️Some other triggers also expected in JINDALPOLY. Subject to mkt conditions, TP Rs 1100/1400

https://www.thehindubusinessline.com/markets/commodities/q1-indian-tea-price-rises-46/article34452920.ece

*Top pick: Kanco tea:Only BSE*
Target: ₹90
Mcap Tiny considering VAST stretches of tea cultivation land
✅Book value: ₹146😵
✅FY21 9m EPS: ₹43🔥
Market cap: 30Cr vs 9m sales of ₹80cr

✅With tea prices up in Q4, FY21EEPS: ₹45 (Tea companies generally report losses in Q4, however, we estimate much better Q4 YoY with prices and demand both surging)

JK LAKSHMI CEMENT: Q4 CONS NET PROFIT 1.53B RUPEES VS 992M (YOY); EST 930M | 1.14B (QOQ) Q4 REVENUE 14.24B RUPEES VS 11.37B (YOY) CO RECOMMENDED DIVIDEND 3.75 RUPEES PER SHARE

TORRENT POWER: Q4 CONS NET PROFIT 3.97B RUPEES VS LOSS 2.75B (YOY); EST PROFIT 3.4B | PROFIT 3.46B (QOQ) Q4 REVENUE 30.84B RUPEES VS 29.84B (YOY) CO RECOMMENDED FINAL DIVIDEND OF 5.50 RUPEES PER SHARE CO APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES UPTO 20B RUPEES

*Economic Times*
*Business Standard*
Ø  Banks likely to transfer about 80 large NPA accounts to NARCL
Ø  India's top refiner, Indian Oil Corp says will buy Iranian oil if sanctions lifted
Ø  India may impose anti-dumping duty on Phthalic Anhydride imports from China, others
Ø  India cuts 2020-21 sugar export subsidy by 31.4%: Government order
Ø  CFM Asset Reconstruction Company sole bidder for debt laden JBF Industries
Ø  India's HPCL aims to fully start revamped Mumbai refinery by July
Ø  Icra downgrades growth peg of various auto segments due to second wave
Ø  Credit Suisse cuts nominal growth forecast over covid second wave
Ø  Govt aims to bring additional 637,000 hectare under oilseeds this season
Ø  Alembic, Natco, 3 more firms to make anti-black fungus drug: Centre
Ø  United States jobless claims decline to 444,000, a new pandemic low
Ø  RIL seeks NCLT nod for shareholder meeting to approve Future group deal

*Business Line*
*Mint*
Ø  HPCL profit zooms to ₹3,018 crore in Q4
Ø  FM Sitharaman asks CCI to provide regulatory stimulus for India Inc’s revival
Ø  Government notifies final rules for 74% foreign investment in insurance sector
Ø  Bosch Q4 profit jumps five-fold to ₹483 cr
Ø  MRPL acquires 100% stake in ONGC Mangalore
Ø  Kotak Mahindra Bank issues India’s first FPI license to GIFT IFSC AIF
Ø  Societe Generale and Copthall Mauritius buys stake in Indian Energy Exchange
Ø  Mindtree to acquire NxT Digital Business of L&T for Rs198 crore
Ø  Markets slide on Fed minutes concerns, metals crash post China move
Ø  Government to provide incentive schemes to setup display fabs in India
Ø  Bitcoin price bounces after crypto crash shocks market
Ø  Income tax return (ITR) filing deadline extended by 2 months

*Financial Express*
*Business World*
Ø  Retail inflation for farm, rural workers eases marginally in April
Ø  RBI imposes penalty on City Union Bank, 3 other lenders
Ø  RBI mandate: Wallets, cards to be made interoperable
Ø  Zee Entertainment Q4 Profit At Rs 272 Cr
Ø  Rupee Rises 6 Paise To Close At 73.12 Against US Dollar
Ø  Sensex Falls 338 Pts, Nifty Slips Below 15000

*SGX Nifty +125 pts (15063) from last trade 14938*

Nikkei +290 pts
Hangseng +134 pts
Now @6.52am

Dow +188.11 pts ,Nsdq +236.00 pts, S&P +43.44 pts, Bovespa +64 pts , Ftse +69 pts , Dax +256 pts , Cac +81 pts , Crude @ $62.05 brl (-0.00), Brent @ $65.11 brl (+0.00) , Gold @ 1875.90 (-6.00), Silver @ $27.835 (-0.23), Euro @ $1.2226, JPY @ $108.82  INR @ 72.995

*Today's Corporate Action*
*21st May Ex Date*
None

*Today's Key Results/Board Meetings*
*21-May-21*
AARTISURF
Audited Results;
Final Dividend

AFEL
A.G.M.; Audited Results; Issue Of Warrants; General; Quarterly Results

ALLSEC
Audited Results

ANMOL
Audited Results

ANUHPHR
Audited Results;
Final Dividend

BSOFT
Audited Results;
Final Dividend;
Quarterly Results

BTTL
Audited Results

CCL
Audited Results;
Final Dividend

CEINSYSTECH
Audited Results; General

CELEBRITY
Audited Results

CHEMFABALKA
Audited Results;
Final Dividend;
Quarterly Results

CONCOR
General; Audited Results; Final Dividend

CROMPTON
Audited Results;
Final Dividend

DCW
Audited Results

DHANUKA
Audited Results;
Quarterly Results

DHARAMSI
Audited Results; Dividend;
Quarterly Results

ELGIEQUIP
Audited Results

EMMESSA
Audited Results

ESABINDIA
Audited Results; Dividend

GLFL
Audited Results

GODREJIND
Audited Results

GOYALASS
Audited Results

GRPLTD
Audited Results

HINDALCO
Audited Results;
Final Dividend

HITECHCORP
Audited Results; Dividend

ICSL
Audited Results; General

INDTERRAIN
Audited Results

JSWSTEEL
Audited Results; Right Issue of Equity Shares; Final Dividend

KOCL
Audited Results

LALPATHLAB
Audited Results;
Final Dividend

MAYUKH
Audited Results

MEGRISOFT
Audited Results;
Quarterly Results

MNKCMILTD
Audited Results;
Final Dividend

MORARKFI
Audited Results; Dividend

NOVIS
Preferential Issue of shares

RISHIROOP
Audited Results;
Final Dividend; General

RML
Audited Results

SANDHAR
Audited Results;
Final Dividend

SBIN
Audited Results; Dividend

SEACOAST
Audited Results; General;
Quarterly Results

SHOPERSTOP
Audited Results

SHREECEM
Audited Results;
Final Dividend

SOUTHBANK
Audited Results; Dividend

SUPER
Audited Results;
Final Dividend;
Quarterly Results

SURJIND
Audited Results; General

TCIIND
Audited Results

TULASEEBIOE
General

UNITDSPR
Audited Results

XELPMOC
Audited Results

*Stock under F&O ban on NSE*
*21-May-21*
1BHEL
2CADILAHC
3JINDALSTEL
4NATIONALUM
5PNB
6SAIL