*STOCKS TO WATCH:* SHREE CEMENT, GUJARAT AMBUJA EXPORTS, UNITED SPIRITS, HERO MOTO, CCL PRODUCTS, AMBER ENTERPRISE, ELGI EQUIPMENTS, DR. LAL PATH, AARTI SURFACTANTS, BIRLA SOFT, JSW STEEL, GODREJ INDUSTRIES
*Shree Cement:* Q4 Cons Net Profit 7.98b Rupees Vs 5.36b (YoY); Est 6.7b | 6.31b (QoQ) || Q4 Revenue 42.05b Rupees Vs 34.15b (YoY) || Recommended Final Dividend At 60 Rupees Per Share
*Aarti Surfactants:* Q4 Cons Net Profit 56.9m Rupees Vs 33.3m (YoY) | 47.9m (QoQ) || Q4 Revenue 1.26b Rupees Vs 891.3m (YoY)
*Godrej Industries:* Q4 Cons Net Loss 158.1m Rupees Vs Profit 265.5m (YoY) | Profit 1.32b (QoQ) || Q4 Revenue 26.11b Rupees Vs 31.21b (YoY
*Aarti Surfactants:* Q4 Cons Net Profit 56.9m Rupees Vs 33.3m (YoY) | 47.9m (QoQ) || Q4 Revenue 1.26b Rupees Vs 891.3m (YoY)
*Godrej Industries:* Q4 Cons Net Loss 158.1m Rupees Vs Profit 265.5m (YoY) | Profit 1.32b (QoQ) || Q4 Revenue 26.11b Rupees Vs 31.21b (YoY
*JP Morgan on India 🇮🇳*
Cuts FY22 GDP est to 9% from 11% and raises FY23 EPS to 6.8% from 5.8%.
Cuts FY22 GDP est to 9% from 11% and raises FY23 EPS to 6.8% from 5.8%.
*Brokerages on JSW Steel *
MS
Overweight
Target Raised to Rs 920
--
Kotak Inst.
Downgrade to Reduce
Target Rs 640
--
Investec
Buy Call
Target Rs 854
MS
Overweight
Target Raised to Rs 920
--
Kotak Inst.
Downgrade to Reduce
Target Rs 640
--
Investec
Buy Call
Target Rs 854
*Global-Market Insight*
-US & Asia market futures indicating a positive opening
trade
-Currencies stable and the US VIX has come down
-Crypto tumbled again, Bitcoin down up to 18% during the trade
-Gold marching towards $1900
-Crude oil recovered losses
-US & Asia market futures indicating a positive opening
trade
-Currencies stable and the US VIX has come down
-Crypto tumbled again, Bitcoin down up to 18% during the trade
-Gold marching towards $1900
-Crude oil recovered losses
*Stocks under F&O ban on NSE*
Five stocks - BHEL, Jindal Steel & Power, NALCO, Punjab National Bank, and SAIL - are under the F&O ban for May 24. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
Five stocks - BHEL, Jindal Steel & Power, NALCO, Punjab National Bank, and SAIL - are under the F&O ban for May 24. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
*Results on May 24*
Grasim Industries, India Cements, JK Paper, Mahanagar Gas, ADF Foods, Balaji Amines, Barbeque-Nation Hospitality, Choksi Imaging, Dalmia Bharat Sugar and Industries, FGP, 3P Land Holdings, ADC India Communications, Hindustan Fluorocarbons, IG Petrochemicals, India Cements Capital, Jonjua Overseas, JSW Holdings, Kanpur Plastipack, Karda Constructions, Lakshmi Machine Works, Loyal Textile Mills, Nutricircle, Pharmaids Pharmaceuticals, Poly Medicure, Ramco Cements, Ramco Industries, Shanthi Gears, Shree Pushkar Chemicals & Fertilisers, Sparc Systems, Summit Securities, Tiaan Consumer, Tirupati Tyres, UTL Industries, and Wall Street Finance will release quarterly earnings scorecard on May 24.
Grasim Industries, India Cements, JK Paper, Mahanagar Gas, ADF Foods, Balaji Amines, Barbeque-Nation Hospitality, Choksi Imaging, Dalmia Bharat Sugar and Industries, FGP, 3P Land Holdings, ADC India Communications, Hindustan Fluorocarbons, IG Petrochemicals, India Cements Capital, Jonjua Overseas, JSW Holdings, Kanpur Plastipack, Karda Constructions, Lakshmi Machine Works, Loyal Textile Mills, Nutricircle, Pharmaids Pharmaceuticals, Poly Medicure, Ramco Cements, Ramco Industries, Shanthi Gears, Shree Pushkar Chemicals & Fertilisers, Sparc Systems, Summit Securities, Tiaan Consumer, Tirupati Tyres, UTL Industries, and Wall Street Finance will release quarterly earnings scorecard on May 24.
*These 10 Principles Will Help You Beat the Market*
*By Vijay Kedia who turned Rs 10 lakh to 650 crore in 20 years* of investments at componding rate of 55% pa.He explained the same in this video https://www.youtube.com/watch?v=b53nE7tN0zE
In his talk he said 10 points that have helped him to avoid defeat in the market.
*1. Create a fixed income outside the market for your livelihood*: Never be dependent on the income from the stock market because it is volatile. He is applying margin of safety logic even before entering the market.
*2. Be informed and read a lot*: The market rewards you as per your perception. If you think investing is a gamble, then it is a gamble. If you think it is a business, then it is a business. Read a lot and be a maniac when it comes to reading; it will help you connect the dots. Warren Buffett once held up stacks of paper and said he read "500 pages like this every day. That's how knowledge builds up, like compound interest."
*3. Invest a part of your savings, not the earnings, into stocks*: So if you have decided to invest 25% of your savings in stocks, invest 12% to 15% as it is a risky business. Also you should only invest a certain amount based on your risk-taking capacity.
*4. Don't trade and don't leverage*: Trading is a 24-hour business. Don't invest from borrowed money.Don't trade just because you see someone making money by trading.
*5. Invest only for five to 10 years; minimum time frame is five years*: rome was not built in a day. It takes time for a story to mature. I always invest in small caps that go on to become mid to large caps.Whenever I bought a small cap, people discouraged me. No one liked the stock. For two years the company went nowhere; after that it gave multibagger returns.
*6. Invest only with the best management and let it worry ok about the company*: If you invest with the best management, you don't have to worry. Management is playing golf, and we investors are worrying 24 hours about what will happen to the company, looking at the dollar, macro, etc. What is the use of being an investor? Let management worry because management has its prestige and its name at stake.
Good management in bad business is better than bad management in good business. Example: Indigo Airlines.
*7. Your investment belongs to the market and the profits belong to you*: As long as you are invested, the profits belong to the market. Don't spend just because the stock has risen because tomorrow stock prices can collapse.
*8. Book profits periodically*: Invest profits in buying a house which is very important.
*9. Keep a balanced mind*: Don't be happy in an up market, and don't be sad in a down market. Be physically, financially and mentally sound.He explains how one should avoid regret. He says a stock can go up after you sell it. Don't regret. The stock market is a place of regret. You make money, you regret. You lose money, you regret. You make less money, you regret. That is why it is very important to keep a balanced mind.
*10. Luck plays a crucial role. Do good karma*: Be a good human being. The stock market is a mind game. If you are doing good karma, it will come back to you. the best
*By Vijay Kedia who turned Rs 10 lakh to 650 crore in 20 years* of investments at componding rate of 55% pa.He explained the same in this video https://www.youtube.com/watch?v=b53nE7tN0zE
In his talk he said 10 points that have helped him to avoid defeat in the market.
*1. Create a fixed income outside the market for your livelihood*: Never be dependent on the income from the stock market because it is volatile. He is applying margin of safety logic even before entering the market.
*2. Be informed and read a lot*: The market rewards you as per your perception. If you think investing is a gamble, then it is a gamble. If you think it is a business, then it is a business. Read a lot and be a maniac when it comes to reading; it will help you connect the dots. Warren Buffett once held up stacks of paper and said he read "500 pages like this every day. That's how knowledge builds up, like compound interest."
*3. Invest a part of your savings, not the earnings, into stocks*: So if you have decided to invest 25% of your savings in stocks, invest 12% to 15% as it is a risky business. Also you should only invest a certain amount based on your risk-taking capacity.
*4. Don't trade and don't leverage*: Trading is a 24-hour business. Don't invest from borrowed money.Don't trade just because you see someone making money by trading.
*5. Invest only for five to 10 years; minimum time frame is five years*: rome was not built in a day. It takes time for a story to mature. I always invest in small caps that go on to become mid to large caps.Whenever I bought a small cap, people discouraged me. No one liked the stock. For two years the company went nowhere; after that it gave multibagger returns.
*6. Invest only with the best management and let it worry ok about the company*: If you invest with the best management, you don't have to worry. Management is playing golf, and we investors are worrying 24 hours about what will happen to the company, looking at the dollar, macro, etc. What is the use of being an investor? Let management worry because management has its prestige and its name at stake.
Good management in bad business is better than bad management in good business. Example: Indigo Airlines.
*7. Your investment belongs to the market and the profits belong to you*: As long as you are invested, the profits belong to the market. Don't spend just because the stock has risen because tomorrow stock prices can collapse.
*8. Book profits periodically*: Invest profits in buying a house which is very important.
*9. Keep a balanced mind*: Don't be happy in an up market, and don't be sad in a down market. Be physically, financially and mentally sound.He explains how one should avoid regret. He says a stock can go up after you sell it. Don't regret. The stock market is a place of regret. You make money, you regret. You lose money, you regret. You make less money, you regret. That is why it is very important to keep a balanced mind.
*10. Luck plays a crucial role. Do good karma*: Be a good human being. The stock market is a mind game. If you are doing good karma, it will come back to you. the best
YouTube
IIMB PGPEM VijayKedia 2016
Mr Vijay Kedia addressed students at IIMB on 20th Feb 2016, as part of the PGPEM day.
*The Week Ahead: All bullish eyes on Nifty’s all-time-high at 15432 mark.*
The benchmarks are likely to carry the positive baton from last week’s trade. We expect, the benchmark Nifty to scale above its all-time-high at 15432 mark and Sensex likely to aim a close above 52517 mark.
The street also likely to take in its stride the grim backdrop of second wave of COVID-19 pandemic. At the time of writing, India has recorded a dip in daily cases and logged 3,741 deaths in 24 hours, according to health ministry's updated data on Sunday. Total cases have jumped to 2,65,30,132. Total recoveries now stand at 2,34,25,467. Tap here for all live updates on coronavirus from India and around the world.
*Also, commanding investors’ attention will be the Q4 earnings for FY20-21:*
• Monday, 24th May 2021: RAMCOIND, RAMCOCEM, MGL, INDIACEM, GRASIM.
• Wednesday, 26th May 2021:BERGEPAINTS, VGUARD, PFIZER, KTKBANK, CUMMINSIND, FDC, ARVIND, BPCL,
• Thursday, 27th May 2021: SUNPHARMA, STAR, UCOBANK, PAGEIND, IRBINFRA, CADILA, EICHER, AMRUTANJAN, BALRAMCHIN.
• Friday, 28th May 2021: UJJIVAN, SUMICHEM, RELINFRA, REC, NCC, M&M, IPCALABS, GLENMARK, CENTRALBANK, .
• Saturday, 29th May 2021: BANK OF BARODA, DIVISLABS.
The Centre on May 23 has said that it is open to an amicable solution to the Cairn dispute. It also stated that the CEO and the representatives of Cairn Energy have approached the government for discussions to resolve the matter.
Technically speaking, another round of great fireworks display quite likely. Positivity should greet Dalal Street in this week’s trade as well with all bullish eyes on Nifty’s all-time-highs at 15432 mark. Nifty’s make-or-break supports are placed at 14927 mark. As long as Nifty’s 14786 support holds, the benchmark will aim its all-time-high at 15432 mark and then all bullish bets at magical 16000 mark.
If Nifty slips below the 14786 mark then its safe to assume that rising covid-19 cases are spoiling the party at Dalal Street.
Please note, Nifty’s 200DMA at 13333 mark. The price action for Nifty for this week’s trade is suggesting that we are likely to see a 14,901- 15551 range in near term with buy on dips as the preferred strategy.
The options data for May Series suggests Nifty is likely to be in a broader trading range of 14700-15500 as maximum Call OI is at 15000 followed by 15300 strike price. Maximum Put open interest stands at 15000 levels followed by 14500 levels. Call writing was seen at 15700 and then at 15500 strike price, while there was meaningful Put writing at 15000 and then at 15100 strike prices.
Also signaling optimism for our stock markets is the fact that the volatility index has slipped below 20 the mark. India VIX, which measures market's expectation of volatility, fell to 19.08, the lowest level seen during the calendar year, from 20.26 levels on a week-on-week basis, indicating positive bias in the market.
*Preferred trade for the week:*
*Nifty (15175):* Buy at CMP, targeting 15432 mark and then at 15751 mark. Strict stop at 14691.
Amongst momentum stocks looking bright on any corrective declines are: VEDANTA, ICICI BANK, SBI, PNB, BOB, ITC, COLPAL, LARSEN, VOLTAS, BOSCH, COROMOMANDAL INTERNATIONAL, CHAMBAL FERTILISER, UPL, SIEMENS, HINDALCO, SUN PHARMA, AMRUTANJAN, CDSL, TATA ELXSI, ALKEM LAB and CIPLA.
Meanwhile, we are negative on stocks like: CUMMINS, PAGE INDUSTRIES, PVR, BANDHAN BANK.
*Before we end, our most preferred pair strategies:*
• Pair Strategy: Long BALKRISHNA INDUSTRIES and Short APOLLO TYRES.
• Pair Strategy: Long VEDANTA and Short COAL INDIA.
• Pair Strategy: Long AXIS BANK and Short BANDHAN BANK.
• Pair Strategy: Long HCL TECH and Short LTI.
*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.
The benchmarks are likely to carry the positive baton from last week’s trade. We expect, the benchmark Nifty to scale above its all-time-high at 15432 mark and Sensex likely to aim a close above 52517 mark.
The street also likely to take in its stride the grim backdrop of second wave of COVID-19 pandemic. At the time of writing, India has recorded a dip in daily cases and logged 3,741 deaths in 24 hours, according to health ministry's updated data on Sunday. Total cases have jumped to 2,65,30,132. Total recoveries now stand at 2,34,25,467. Tap here for all live updates on coronavirus from India and around the world.
*Also, commanding investors’ attention will be the Q4 earnings for FY20-21:*
• Monday, 24th May 2021: RAMCOIND, RAMCOCEM, MGL, INDIACEM, GRASIM.
• Wednesday, 26th May 2021:BERGEPAINTS, VGUARD, PFIZER, KTKBANK, CUMMINSIND, FDC, ARVIND, BPCL,
• Thursday, 27th May 2021: SUNPHARMA, STAR, UCOBANK, PAGEIND, IRBINFRA, CADILA, EICHER, AMRUTANJAN, BALRAMCHIN.
• Friday, 28th May 2021: UJJIVAN, SUMICHEM, RELINFRA, REC, NCC, M&M, IPCALABS, GLENMARK, CENTRALBANK, .
• Saturday, 29th May 2021: BANK OF BARODA, DIVISLABS.
The Centre on May 23 has said that it is open to an amicable solution to the Cairn dispute. It also stated that the CEO and the representatives of Cairn Energy have approached the government for discussions to resolve the matter.
Technically speaking, another round of great fireworks display quite likely. Positivity should greet Dalal Street in this week’s trade as well with all bullish eyes on Nifty’s all-time-highs at 15432 mark. Nifty’s make-or-break supports are placed at 14927 mark. As long as Nifty’s 14786 support holds, the benchmark will aim its all-time-high at 15432 mark and then all bullish bets at magical 16000 mark.
If Nifty slips below the 14786 mark then its safe to assume that rising covid-19 cases are spoiling the party at Dalal Street.
Please note, Nifty’s 200DMA at 13333 mark. The price action for Nifty for this week’s trade is suggesting that we are likely to see a 14,901- 15551 range in near term with buy on dips as the preferred strategy.
The options data for May Series suggests Nifty is likely to be in a broader trading range of 14700-15500 as maximum Call OI is at 15000 followed by 15300 strike price. Maximum Put open interest stands at 15000 levels followed by 14500 levels. Call writing was seen at 15700 and then at 15500 strike price, while there was meaningful Put writing at 15000 and then at 15100 strike prices.
Also signaling optimism for our stock markets is the fact that the volatility index has slipped below 20 the mark. India VIX, which measures market's expectation of volatility, fell to 19.08, the lowest level seen during the calendar year, from 20.26 levels on a week-on-week basis, indicating positive bias in the market.
*Preferred trade for the week:*
*Nifty (15175):* Buy at CMP, targeting 15432 mark and then at 15751 mark. Strict stop at 14691.
Amongst momentum stocks looking bright on any corrective declines are: VEDANTA, ICICI BANK, SBI, PNB, BOB, ITC, COLPAL, LARSEN, VOLTAS, BOSCH, COROMOMANDAL INTERNATIONAL, CHAMBAL FERTILISER, UPL, SIEMENS, HINDALCO, SUN PHARMA, AMRUTANJAN, CDSL, TATA ELXSI, ALKEM LAB and CIPLA.
Meanwhile, we are negative on stocks like: CUMMINS, PAGE INDUSTRIES, PVR, BANDHAN BANK.
*Before we end, our most preferred pair strategies:*
• Pair Strategy: Long BALKRISHNA INDUSTRIES and Short APOLLO TYRES.
• Pair Strategy: Long VEDANTA and Short COAL INDIA.
• Pair Strategy: Long AXIS BANK and Short BANDHAN BANK.
• Pair Strategy: Long HCL TECH and Short LTI.
*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.
Money Market Update
The rupee ended at 72.83 against the U.S. Dollar on Friday as compared to Thursday's closing of 73.11.
The rupee ended at 72.83 against the U.S. Dollar on Friday as compared to Thursday's closing of 73.11.
Trading Tweaks
Ex-Date Buyback: Welspun India
Ex-Date Dividend: Welspun India
Ex-Date Interim Dividend: Kennametal India
Ex-Date Stock Split: Emerald Leisures
Price Band Revised From 10% To 5%: Ruchi Soya Industries
Price Band Revised From 20% To 10%: HFCL, VLS Finance
Move Into Short-Term ASM Framework: Pokarna, VLS Finance, Automotive Axles, Dhunseri Ventures, Take Solutions, The Investment Trust of India
Move Out Of Short-Term ASM Framework: Gufic Biosciences, Southern Petrochemicals Industries Corporation, Kopran, Uniphos Enterprises, Oriental Aromatics
Move Into ASM Framework: Goldiam International, Orient Cement, Saregama India, CG Power and Industrial Solutions, Trident, Jayaswal Neco Industries, Ruchi Soya Industries
Move Out Of ASM Framework: Olectra Greentech, Amber Enterprises India, Polyplex Corporation, Phillips Carbon Black, Borosil Renewables, Emami, JK Cement, Lakshmi Machine Works, PC Jeweller, Zen Technologies, RPSG Ventures
Ex-Date Buyback: Welspun India
Ex-Date Dividend: Welspun India
Ex-Date Interim Dividend: Kennametal India
Ex-Date Stock Split: Emerald Leisures
Price Band Revised From 10% To 5%: Ruchi Soya Industries
Price Band Revised From 20% To 10%: HFCL, VLS Finance
Move Into Short-Term ASM Framework: Pokarna, VLS Finance, Automotive Axles, Dhunseri Ventures, Take Solutions, The Investment Trust of India
Move Out Of Short-Term ASM Framework: Gufic Biosciences, Southern Petrochemicals Industries Corporation, Kopran, Uniphos Enterprises, Oriental Aromatics
Move Into ASM Framework: Goldiam International, Orient Cement, Saregama India, CG Power and Industrial Solutions, Trident, Jayaswal Neco Industries, Ruchi Soya Industries
Move Out Of ASM Framework: Olectra Greentech, Amber Enterprises India, Polyplex Corporation, Phillips Carbon Black, Borosil Renewables, Emami, JK Cement, Lakshmi Machine Works, PC Jeweller, Zen Technologies, RPSG Ventures
Who's Meeting Whom
Indian Energy Exchange: To meet Aberdeen Standard Life (Singapore) and ICICI Prudential Life on May 24.
Kirloskar Oil Engines: To meet Abakkus Asset Manager LLP on May 24.
Indian Energy Exchange: To meet Aberdeen Standard Life (Singapore) and ICICI Prudential Life on May 24.
Kirloskar Oil Engines: To meet Abakkus Asset Manager LLP on May 24.
Insider Trades
Godrej Agrovet: Promoter Godrej Industries bought 12,105 shares on May 18.
Varun Beverages: Promoter Varun Jaipuria sold 16.88 lakh shares on May 21
Godrej Agrovet: Promoter Godrej Industries bought 12,105 shares on May 18.
Varun Beverages: Promoter Varun Jaipuria sold 16.88 lakh shares on May 21
Pledge Share Details
Sun Pharmaceutical Industries: Promoter Shanghvi Finance revoked pledge of 15.14 lakh shares between May 18-19.
Mangalore Chemicals & Fertilizers: Promoter Zuari Agro Chemicals created pledge of 46.55 lakh shares between May 17-19.
Emami: Promoters (Sneha Enclave and Sneha Gardens) revoked pledge of 4.96 lakh shares on May 19.
Jindal Steel & Power: Promoters (Opelina Sustainable Services and OPJ Trading) revoked pledge of 11.30 lakh shares between May 19-20.
Sun Pharmaceutical Industries: Promoter Shanghvi Finance revoked pledge of 15.14 lakh shares between May 18-19.
Mangalore Chemicals & Fertilizers: Promoter Zuari Agro Chemicals created pledge of 46.55 lakh shares between May 17-19.
Emami: Promoters (Sneha Enclave and Sneha Gardens) revoked pledge of 4.96 lakh shares on May 19.
Jindal Steel & Power: Promoters (Opelina Sustainable Services and OPJ Trading) revoked pledge of 11.30 lakh shares between May 19-20.
Stocks To Watch
Tata Steel to replace ONGC in S&P BSE Sensex from June 21.
InterGlobe Aviation: IndiGo has selected CFM International's LEAP-1A engines to power its fleet of 310 new Airbus A320neo, A321neo, and A321XLR aircraft. The agreement includes 620 new installed engines and associated spare engines, as well as a long-term, multi-year service agreement. The engines for the A320neo family aircraft will be delivered from 2023 onwards.
Hero MotoCorp: To resume production at all manufacturing plants in India from May 24. Single-shift operations to resume at Rajasthan, Gujarat, Andhra Pradesh plants. Single-shift operations resumed in Haryana, Uttarakhand on May 17.
JSW Steel: Media reports saying that we are weighing a bid for Liberty Steel’s assets in the U.K. are “speculative” and “misleading the company said.
GHCL: Suspended operations at Yarn division plants at Paravai and Manaparai in Tamil Nadu due to the lockdown in the state. The plants will remain closed from May 24 till May 31.
Natco Pharma: The company’s marketing partner, Breckenridge Pharmaceutical Inc., has received final approval for its Abbreviated New Drug Application for Everolimus Tablets from the U.S. FDA. It also received final approval for Lenalidomide Capsules. Further, the company has initiated a Phase-III clinical trial of Molnupiravir capsules for Covid-19. Its first patient was dosed on May 21 in Yashoda Hospitals, Hyderabad. The Phase-III clinical trial is planned in 32 hospitals across India and initiated to evaluate the efficacy and safety of Molnupiravir Capsules in mild Covid-19 patients.
Bharat Parenterals Received license and authorisation from Drugs Controller General of India and Central Drugs Standard Control Organisation for the manufacturing and marketing of Favipiravir Oral Suspension l00mg/ml, which will be used to treat Covid-19.
UCO Bank: Board to meet on May 27 to consider a proposal for raising of equity capital through various modes such as FPO, QIP, preferential issue etc.
IDBI Bank: Terminated the rating engagements with S&P Global Ratings and Fitch Ratings as MTN Bonds fully repaid.
Vedanta: Evaluating SEBI order imposing a penalty on Cairn India.
Wockhardt: Approved raising up to Rs 150 crore via issuance of NCDs on a private placement basis.
Nifty Earnings: Grasim Industries
Non-Nifty Earnings: ADF Foods, Balaji Amines, Barbeque-Nation Hospitality, Dalmia Bharat Sugar and Industries, IG Petrochemicals, India Cements, JK Paper, JSW Holdings, Karda Constructions, Lakshmi Machine Works, Mahanagar Gas, Poly Medicure, The Ramco Cements, Ramco Industries, Shanthi Gears
Tata Steel to replace ONGC in S&P BSE Sensex from June 21.
InterGlobe Aviation: IndiGo has selected CFM International's LEAP-1A engines to power its fleet of 310 new Airbus A320neo, A321neo, and A321XLR aircraft. The agreement includes 620 new installed engines and associated spare engines, as well as a long-term, multi-year service agreement. The engines for the A320neo family aircraft will be delivered from 2023 onwards.
Hero MotoCorp: To resume production at all manufacturing plants in India from May 24. Single-shift operations to resume at Rajasthan, Gujarat, Andhra Pradesh plants. Single-shift operations resumed in Haryana, Uttarakhand on May 17.
JSW Steel: Media reports saying that we are weighing a bid for Liberty Steel’s assets in the U.K. are “speculative” and “misleading the company said.
GHCL: Suspended operations at Yarn division plants at Paravai and Manaparai in Tamil Nadu due to the lockdown in the state. The plants will remain closed from May 24 till May 31.
Natco Pharma: The company’s marketing partner, Breckenridge Pharmaceutical Inc., has received final approval for its Abbreviated New Drug Application for Everolimus Tablets from the U.S. FDA. It also received final approval for Lenalidomide Capsules. Further, the company has initiated a Phase-III clinical trial of Molnupiravir capsules for Covid-19. Its first patient was dosed on May 21 in Yashoda Hospitals, Hyderabad. The Phase-III clinical trial is planned in 32 hospitals across India and initiated to evaluate the efficacy and safety of Molnupiravir Capsules in mild Covid-19 patients.
Bharat Parenterals Received license and authorisation from Drugs Controller General of India and Central Drugs Standard Control Organisation for the manufacturing and marketing of Favipiravir Oral Suspension l00mg/ml, which will be used to treat Covid-19.
UCO Bank: Board to meet on May 27 to consider a proposal for raising of equity capital through various modes such as FPO, QIP, preferential issue etc.
IDBI Bank: Terminated the rating engagements with S&P Global Ratings and Fitch Ratings as MTN Bonds fully repaid.
Vedanta: Evaluating SEBI order imposing a penalty on Cairn India.
Wockhardt: Approved raising up to Rs 150 crore via issuance of NCDs on a private placement basis.
Nifty Earnings: Grasim Industries
Non-Nifty Earnings: ADF Foods, Balaji Amines, Barbeque-Nation Hospitality, Dalmia Bharat Sugar and Industries, IG Petrochemicals, India Cements, JK Paper, JSW Holdings, Karda Constructions, Lakshmi Machine Works, Mahanagar Gas, Poly Medicure, The Ramco Cements, Ramco Industries, Shanthi Gears
World Markets
Dow + 124
Nasdaq - 65
Dax + 67
Nikkei + 131
Hangseng - 52
Sgxnifty - 80 (15142)
Brent Crude 66.63
Dow Fut + 140
Dollar Index 89.98
Dow + 124
Nasdaq - 65
Dax + 67
Nikkei + 131
Hangseng - 52
Sgxnifty - 80 (15142)
Brent Crude 66.63
Dow Fut + 140
Dollar Index 89.98
GM jsk stock in news glandpharma,irctc,rvnl,jspl,p&sind Bank, powergrid,hero,adanientp,cholamandal,natco,mahanagar gas,ramcocem,sbi,jswsteel. Negative stocks grasim,rblbk. Nifty range 15000-15325.
*IG Petrochemical* : CMP 550
Target: 800-900++
Time Frame: 9 months
*Life time best quarter could be coming*
IG Petro is one of the largest manufacturers of Phthalic Anhydride (PAN).
♠️ *Rationale for recommendation: Key points*
✅Margins of PAN have gone through the roof and have been on an increasing trend in the last 8 months
✅Stock trading at *PE of just 4.2* based on *FY22EEPS of ₹130* (conservative)
✅ Q4 estimated EPS: ₹32+🚀🚀 (Results on Monday) (Estimates based on new capacities added in December and increase in margins in jan and feb)
✅DGTR has recommended *import duty on PAN*. Prices to further go up in April/May. Q1 could be even better
✅German technology: IGPL operates it’s plant based on the processes of the licensor M/s Wacker Chemie GmbH, Germany.
*Capacities:* ⚙️
• PAN: 222,110 MTPA
(✅New capacities of 53,000 have come live in December 2020!!)
• Maleic anhydride: 8,000 MTPA
• Benzoic acid: 1,300 MTPA
• Plasticizers: 8,400 MTPA
*Fundamentals:*
*Q1* *Q2* *Q3 Q4E*
Revenue 142 242 315. *360*
EBITDA 16 42 96. *148*😱
PAT 2 23 63🔥 *103*😱
EPS 0.72 7.52 20.42🔥 *35*😱
✅ PAN margins surged *75%* MoM in February
✅ PAN margins further surged *8%* MoM in March
Target: 800-900++
Time Frame: 9 months
*Life time best quarter could be coming*
IG Petro is one of the largest manufacturers of Phthalic Anhydride (PAN).
♠️ *Rationale for recommendation: Key points*
✅Margins of PAN have gone through the roof and have been on an increasing trend in the last 8 months
✅Stock trading at *PE of just 4.2* based on *FY22EEPS of ₹130* (conservative)
✅ Q4 estimated EPS: ₹32+🚀🚀 (Results on Monday) (Estimates based on new capacities added in December and increase in margins in jan and feb)
✅DGTR has recommended *import duty on PAN*. Prices to further go up in April/May. Q1 could be even better
✅German technology: IGPL operates it’s plant based on the processes of the licensor M/s Wacker Chemie GmbH, Germany.
*Capacities:* ⚙️
• PAN: 222,110 MTPA
(✅New capacities of 53,000 have come live in December 2020!!)
• Maleic anhydride: 8,000 MTPA
• Benzoic acid: 1,300 MTPA
• Plasticizers: 8,400 MTPA
*Fundamentals:*
*Q1* *Q2* *Q3 Q4E*
Revenue 142 242 315. *360*
EBITDA 16 42 96. *148*😱
PAT 2 23 63🔥 *103*😱
EPS 0.72 7.52 20.42🔥 *35*😱
✅ PAN margins surged *75%* MoM in February
✅ PAN margins further surged *8%* MoM in March
*JINDAL POLYFILM* : Technical
Jindal Poly after a sharp rise from lows of Rs470 to Rs939 has consolidated in a ten percent range for the past 2 months. Now that it is on the verge of breakout from the upper end of range of Rs860 one should buy for target Rs.942. Higher target of Rs1050 is also possible. Stop Loss Rs 827. Personal due diligence is advised
Jindal Poly after a sharp rise from lows of Rs470 to Rs939 has consolidated in a ten percent range for the past 2 months. Now that it is on the verge of breakout from the upper end of range of Rs860 one should buy for target Rs.942. Higher target of Rs1050 is also possible. Stop Loss Rs 827. Personal due diligence is advised
*SHARDA CROP* : Technofunda
Buy Sharda Crop cmp 347 Volumes rising before results Add heavily above 352 Target~ 375/390
Stop Loss~335 closing basis. Timeframe 1 week.
FUNDAMENTALS~ Cheapest Agrochem Stock. Possible 500 in 6 months
TP subject to mkt conditions. Personal due diligence advised
Buy Sharda Crop cmp 347 Volumes rising before results Add heavily above 352 Target~ 375/390
Stop Loss~335 closing basis. Timeframe 1 week.
FUNDAMENTALS~ Cheapest Agrochem Stock. Possible 500 in 6 months
TP subject to mkt conditions. Personal due diligence advised