VID-20210521-WA0071.mp4
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12 Years ago,🔥 Today..! Also look at the rates... what have you gained, missed or lost! 😊☺️
*JSW Steel Ltd.* | *CMP* Rs. 697 | *M Cap* Rs. 168480 Cr | *52 W H/L* 773/162
(Nirmal Bang Retail Research)
*Result above expectation*
Revenue from Operations came at Rs. 26934 Cr (23.2% QoQ, 50.6% YoY) vs expectation of Rs. 25990.2 Cr, QoQ Rs. 21859 Cr, YoY Rs. 17887 Cr
EBIDTA came at Rs. 8440 Cr (41.9% QoQ, 183.7% YoY) vs expectation of Rs. 7983.2 Cr, QoQ Rs. 5946 Cr, YoY Rs. 2975 Cr
EBITDA Margin came at 31.3% vs expectation of 30.7%, QoQ 27.2%, YoY 16.6%
Adj. PAT came at Rs. 4191 Cr vs expectation of Rs. 4321.4 Cr, QoQ Rs. 2681 Cr, YoY Rs. 1036 Cr
Quarter EPS is Rs. 17.3
Share is trading at P/E of 13.3x FY22E EPS
(Nirmal Bang Retail Research)
*Result above expectation*
Revenue from Operations came at Rs. 26934 Cr (23.2% QoQ, 50.6% YoY) vs expectation of Rs. 25990.2 Cr, QoQ Rs. 21859 Cr, YoY Rs. 17887 Cr
EBIDTA came at Rs. 8440 Cr (41.9% QoQ, 183.7% YoY) vs expectation of Rs. 7983.2 Cr, QoQ Rs. 5946 Cr, YoY Rs. 2975 Cr
EBITDA Margin came at 31.3% vs expectation of 30.7%, QoQ 27.2%, YoY 16.6%
Adj. PAT came at Rs. 4191 Cr vs expectation of Rs. 4321.4 Cr, QoQ Rs. 2681 Cr, YoY Rs. 1036 Cr
Quarter EPS is Rs. 17.3
Share is trading at P/E of 13.3x FY22E EPS
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*Hindalco Industries Ltd.* | *CMP* Rs. 391 | *M Cap* Rs. 87845 Cr | *52 W H/L* 428/114
(Nirmal Bang Retail Research)
*Result marginally ahead of expectation*
Revenue from Operations came at Rs. 40507 Cr (15.9% QoQ, 38.2% YoY) vs expectation of Rs. 37731.4 Cr, QoQ Rs. 34958 Cr, YoY Rs. 29318 Cr
EBIDTA came at Rs. 5655 Cr (8.8% QoQ, 47.3% YoY) vs expectation of Rs. 5326.6 Cr, QoQ Rs. 5198 Cr, YoY Rs. 3840 Cr
EBITDA Margin came at 14% vs expectation of 14.1%, QoQ 14.9%, YoY 13.1%
Adj. PAT came at Rs. 1894 Cr vs expectation of Rs. 2046.8 Cr, QoQ Rs. 2055 Cr, YoY Rs. 669 Cr PAt is lower on account of lower other income
Quarter EPS is Rs. 8.4
Share is trading at P/E of 11.3x FY22E EPS
(Nirmal Bang Retail Research)
*Result marginally ahead of expectation*
Revenue from Operations came at Rs. 40507 Cr (15.9% QoQ, 38.2% YoY) vs expectation of Rs. 37731.4 Cr, QoQ Rs. 34958 Cr, YoY Rs. 29318 Cr
EBIDTA came at Rs. 5655 Cr (8.8% QoQ, 47.3% YoY) vs expectation of Rs. 5326.6 Cr, QoQ Rs. 5198 Cr, YoY Rs. 3840 Cr
EBITDA Margin came at 14% vs expectation of 14.1%, QoQ 14.9%, YoY 13.1%
Adj. PAT came at Rs. 1894 Cr vs expectation of Rs. 2046.8 Cr, QoQ Rs. 2055 Cr, YoY Rs. 669 Cr PAt is lower on account of lower other income
Quarter EPS is Rs. 8.4
Share is trading at P/E of 11.3x FY22E EPS
*SBI Asset Quality Improves*
• GNPA came at 4.98% vs QoQ 5.44% (proforma)
• NNPA came at 1.5% vs QoQ 1.81% (proforma)
_Slippages adjusted for Proforma have declined in Q4_
H1: 15,098 Cr (1.3% per qtr)
Q3: 7993 Cr (1.4%)
Q4: 5473 Cr (0.9%)
Total for FY21: 28564 Cr (1.2%)
• Restructuring is marginally lower QoQ at Rs. 17,852 Cr (0.7%) vs QoQ Rs. 18,125 Cr (0.8%)
• Total slippages + Restructuring for FY21 at Rs. 46,416 Cr against earlier guidance of Rs. 60,000 Cr
• GNPA came at 4.98% vs QoQ 5.44% (proforma)
• NNPA came at 1.5% vs QoQ 1.81% (proforma)
_Slippages adjusted for Proforma have declined in Q4_
H1: 15,098 Cr (1.3% per qtr)
Q3: 7993 Cr (1.4%)
Q4: 5473 Cr (0.9%)
Total for FY21: 28564 Cr (1.2%)
• Restructuring is marginally lower QoQ at Rs. 17,852 Cr (0.7%) vs QoQ Rs. 18,125 Cr (0.8%)
• Total slippages + Restructuring for FY21 at Rs. 46,416 Cr against earlier guidance of Rs. 60,000 Cr
SOUTH INDIAN BANK: Q4 INTEREST EARNED 17.08B RUPEES VS 19.48B (YOY)
SOUTH INDIAN BANK: Q4 SL NET PROFIT 67.9M RUPEES VS LOSS 1.44B (YOY); EST LOSS 1.2B I LOSS 916M (QOQ)
SOUTH INDIAN BANK: Q4 NET NPA 4.71% VS 2.12% (QOQ)
SOUTH INDIAN BANK: Q4 GROSS NPA 6.97% VS 4.90% (QOQ)
SOUTH INDIAN BANK: Q4 PROVISIONS 4.12B RUPEES VS 7.24B (YOY)
SOUTH INDIAN BANK: Q4 SL NET PROFIT 67.9M RUPEES VS LOSS 1.44B (YOY); EST LOSS 1.2B I LOSS 916M (QOQ)
SOUTH INDIAN BANK: Q4 NET NPA 4.71% VS 2.12% (QOQ)
SOUTH INDIAN BANK: Q4 GROSS NPA 6.97% VS 4.90% (QOQ)
SOUTH INDIAN BANK: Q4 PROVISIONS 4.12B RUPEES VS 7.24B (YOY)
*4.00 PM, 21st May 2021:*
*LATEST AFTER THE BELL: Nifty roars like a lion as investors rush to buy.*
*Nifty (+269, 15175).*
After yesterday’s small wobble, the benchmark Nifty roared like a lion and most importantly, smoothly scaled well above the psychological 15000 mark.
The trading theme was in line with our morning notes —— upwards and upwards so goes Dalal Street —— absolutely with no signs of hesitation!
*Long story short:* *All bullish eyes now on Nifty’s all-time-highs at 15432 mark.*
Amongst sectoral indices, it was Financial indices which led from the front —— Nifty Bank, Private Bank, PSU Bank, and Financial Services – which were star outperformers on the NSE today, and gained between 3-3.5% —— thanks to SBI’s Q4 net profit which jumped 80% YoY to Rs 6,451 crore on lower provisioning. All the sectoral indices ended higher!
SBI was the top gainer on the Sensex, up 5 per cent, while IndusInd Bank, HDFC Bank, ICICI Bank, Axis Bank, HDFC, and Kotak Mahindra Bank were the other top gainers, up between 3 per cent and 4.5 per cent
Meanwhile, the S&P BSE MidCap index ended 1.01% higher while and BSE SmallCap ended 0.61% higher.
*The other key highlights of today’s trade:*
• Nifty zooms to end at 15175 mark. Nifty Bank and Nifty PSU Bank indices rose over 3% each.
• Around 45 stocks of the Nifty 50 stocks ended the day in green.
• Top Index Gainers: SBI (+5.06%) HDFC BANK (+4.78%) INDUSIND BANK (+3.99%)
• Top Index Losers: GRASIM (--0.38%) POWERGRID (-0.31%) IOC (-0.29%)
• Reports of sharp drop in Covid-19 cases in India coupled with good corporate results are seen as positive catalysts.
*Our view for Monday’s trade:*
Positivity should greet Dalal Street in Monday’s trade with all bullish eyes on Nifty’s all-time-highs at 15432 mark. Another round of great fireworks display quite likely.
We suspect, Bank Nifty will continue to outperform and our our preferred bets are Axis Bank, IndusInd Bank, Kotak Bank, ICICI Bank and SBI.
The key positive catalyst driving sentiments: Fed chairman says interest rates to stay low.
Technically speaking, Nifty’s make-or-break supports are placed at 14927 mark. As long as Nifty’s 14927 support holds, the benchmark will aim its all-time-high at 15432 mark and then all bullish bets at magical 16000 mark.
*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 roars like a lion as investors rush to buy.*
*Nifty (+269, 15175).*
After yesterday’s small wobble, the benchmark Nifty roared like a lion and most importantly, smoothly scaled well above the psychological 15000 mark.
The trading theme was in line with our morning notes —— upwards and upwards so goes Dalal Street —— absolutely with no signs of hesitation!
*Long story short:* *All bullish eyes now on Nifty’s all-time-highs at 15432 mark.*
Amongst sectoral indices, it was Financial indices which led from the front —— Nifty Bank, Private Bank, PSU Bank, and Financial Services – which were star outperformers on the NSE today, and gained between 3-3.5% —— thanks to SBI’s Q4 net profit which jumped 80% YoY to Rs 6,451 crore on lower provisioning. All the sectoral indices ended higher!
SBI was the top gainer on the Sensex, up 5 per cent, while IndusInd Bank, HDFC Bank, ICICI Bank, Axis Bank, HDFC, and Kotak Mahindra Bank were the other top gainers, up between 3 per cent and 4.5 per cent
Meanwhile, the S&P BSE MidCap index ended 1.01% higher while and BSE SmallCap ended 0.61% higher.
*The other key highlights of today’s trade:*
• Nifty zooms to end at 15175 mark. Nifty Bank and Nifty PSU Bank indices rose over 3% each.
• Around 45 stocks of the Nifty 50 stocks ended the day in green.
• Top Index Gainers: SBI (+5.06%) HDFC BANK (+4.78%) INDUSIND BANK (+3.99%)
• Top Index Losers: GRASIM (--0.38%) POWERGRID (-0.31%) IOC (-0.29%)
• Reports of sharp drop in Covid-19 cases in India coupled with good corporate results are seen as positive catalysts.
*Our view for Monday’s trade:*
Positivity should greet Dalal Street in Monday’s trade with all bullish eyes on Nifty’s all-time-highs at 15432 mark. Another round of great fireworks display quite likely.
We suspect, Bank Nifty will continue to outperform and our our preferred bets are Axis Bank, IndusInd Bank, Kotak Bank, ICICI Bank and SBI.
The key positive catalyst driving sentiments: Fed chairman says interest rates to stay low.
Technically speaking, Nifty’s make-or-break supports are placed at 14927 mark. As long as Nifty’s 14927 support holds, the benchmark will aim its all-time-high at 15432 mark and then all bullish bets at magical 16000 mark.
*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.
RBI Board approves transfer of Rs 99,122 crore as surplus to government
Read more at https://facelesscompliance.com/24160/rbi-board-approves-transfer-of-rs-99122-crore-as-surplus-to-government
Share and Spread Knowledge
Read more at https://facelesscompliance.com/24160/rbi-board-approves-transfer-of-rs-99122-crore-as-surplus-to-government
Share and Spread Knowledge
Faceless Compliance
RBI Board approves transfer of Rs 99,122 crore as surplus to government - Faceless Compliance