*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
𝗦𝗵𝗮𝗿𝗱𝗮 𝗖𝗿𝗼𝗽𝗰𝗵𝗲𝗺 𝗟𝘁𝗱 (𝗦𝗖𝗟) - 𝗕𝗨𝗬 𝗳𝗼𝗿 𝗧𝗣 𝟱𝟱𝟬
𝙈𝙤𝙨𝙩 𝙐𝙣𝙙𝙚𝙧𝙫𝙖𝙡𝙪𝙚𝙙 𝘼𝙜𝙧𝙤𝙘𝙝𝙚𝙢𝙞𝙘𝙖𝙡𝙨 𝙎𝙩ock
𝙳𝚎𝚋𝚝 𝙵𝚛𝚎𝚎 𝙲𝚘
𝙿𝚛𝚘𝚖𝚘𝚝𝚎𝚛𝚜 𝚂𝚑𝚊𝚛𝚎𝚑𝚘𝚕𝚍𝚒𝚗𝚐 - 𝟽𝟻% (𝚉𝚎𝚛𝚘 𝙿𝚕𝚎𝚍𝚐𝚎)
𝚁𝙾𝙴 𝚘𝚏 𝟷𝟿% 𝚏𝚘𝚛 𝚙𝚊𝚜𝚝 𝟷𝟶 𝚢𝚛𝚜
*Stellar Q4 Expected*
▫️Q4FY21 Revenue estimated at 1040cr
▫️Q4FY21 PAT estimated at 130cr
▫️Q4E EPS estimate of 14.5
▪️FY22 Revenues estimated at 2550cr
▪️FY22 PAT estimated to be 285cr
▪️FY22 EPS estimate of 32rs
*𝐒𝐂𝐋 𝐭𝐫𝐚𝐝𝐞𝐬 𝐚𝐭 𝐏/𝐄 𝐨𝐟 𝐣𝐮𝐬𝐭 𝟏𝟎𝐱 𝐅𝐘𝟐𝟐𝐄 𝐄𝐏𝐒*
(𝘛𝘰 𝘨𝘪𝘷𝘦 𝘢 𝘱𝘦𝘳𝘴𝘱𝘦𝘤𝘵𝘪𝘷𝘦, 𝘗𝘐 𝘐𝘯𝘥 𝘵𝘳𝘢𝘥𝘦𝘴 𝘢𝘵 45𝘹 𝘍𝘰𝘳𝘸𝘢𝘳𝘥 𝘗/𝘌 𝘢𝘯𝘥 𝘜𝘗𝘓 𝘵𝘳𝘢𝘥𝘦𝘴 𝘢𝘵 21𝘹 𝘍𝘰𝘳𝘸𝘢𝘳𝘥 𝘗/𝘌)
*SCL has been reporting decent growth from the past 10 yrs*
▫️19% Revenue growth (10yr CAGR)
▫️21% PAT growth (10yr CAGR)
▪️SCL is an agrochemicals company engaged in the marketing and distribution of a range of formulations and generic active ingredients around the globe
➡️The Company's segments include Agrochemicals, Belts and Others:
▫️Its Agrochemicals segment consists of insecticides, herbicides, fungicides and biocides.
▫️Its Belts segment consists of conveyor belts, V Belts and timing belts.
▫️Its Others segment consists of dyes and dye intermediates, and general chemicals.
▪️The non-agrochemical product portfolio caters to customers, primarily, distributors, across Australia, Asia, Africa, Europe, North America and Latin America.
▪️It also serves the biocide segments as disinfectants.
▪️It's V Belts and timing belts cater to water treatment, food and food ingredients, and other industrial applications.
𝗦𝗵𝗮𝗿𝗱𝗮 𝗖𝗿𝗼𝗽𝗰𝗵𝗲𝗺 𝗶𝘀 𝗖𝗵𝗲𝗮𝗽𝗲𝘀𝘁 𝗔𝗴𝗿𝗼𝗰𝗵𝗲𝗺𝗶𝗰𝗮𝗹 𝗰𝗼.
_*𝗘𝘃𝗲𝗻 𝗶𝗳 𝗦𝗖𝗟 𝗺𝗮𝗻𝗮𝗴𝗲𝘀 𝘁𝗼 𝗴𝗲𝘁 𝗮 𝗺𝗼𝗱𝗲𝘀𝘁 𝗣/𝗘 𝗼𝗳 𝟭𝟳𝘅, 𝘀𝘁𝗼𝗰𝗸 𝗽𝗿𝗶𝗰𝗲 𝘄𝗶𝗹𝗹 𝗿𝗲𝗮𝗰𝗵 𝟱𝟱𝟬. 𝗪𝗲 𝗮𝗱𝘃𝗶𝘀𝗲 𝗮 𝗦𝗧𝗥𝗢𝗡𝗚 𝗕𝗨𝗬 𝘄𝗶𝘁𝗵 𝗰𝗼𝗻𝘀𝗲𝗿𝘃𝗮𝘁𝗶𝘃𝗲 𝗧𝗣 𝗼𝗳 𝟱𝟱𝟬. 𝗔𝗱𝘃𝗶𝘀𝗲 𝘁𝗼 𝗕𝗨𝗬 𝗯𝗲𝗳𝗼𝗿𝗲 𝗤𝟰 𝗿𝗲𝘀𝘂𝗹𝘁𝘀 𝘁𝗼 𝗿𝗲𝗮𝗽 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀. 𝗖𝗮𝗻 𝗿𝗶𝘀𝗲 𝘀𝗵𝗮𝗿𝗽𝗹𝘆 𝗽𝗼𝘀𝘁 𝗤𝟰 𝗻𝗼𝘀.*_
Above TP is subject to market conditions. Personal due diligence advised
𝙈𝙤𝙨𝙩 𝙐𝙣𝙙𝙚𝙧𝙫𝙖𝙡𝙪𝙚𝙙 𝘼𝙜𝙧𝙤𝙘𝙝𝙚𝙢𝙞𝙘𝙖𝙡𝙨 𝙎𝙩ock
𝙳𝚎𝚋𝚝 𝙵𝚛𝚎𝚎 𝙲𝚘
𝙿𝚛𝚘𝚖𝚘𝚝𝚎𝚛𝚜 𝚂𝚑𝚊𝚛𝚎𝚑𝚘𝚕𝚍𝚒𝚗𝚐 - 𝟽𝟻% (𝚉𝚎𝚛𝚘 𝙿𝚕𝚎𝚍𝚐𝚎)
𝚁𝙾𝙴 𝚘𝚏 𝟷𝟿% 𝚏𝚘𝚛 𝚙𝚊𝚜𝚝 𝟷𝟶 𝚢𝚛𝚜
*Stellar Q4 Expected*
▫️Q4FY21 Revenue estimated at 1040cr
▫️Q4FY21 PAT estimated at 130cr
▫️Q4E EPS estimate of 14.5
▪️FY22 Revenues estimated at 2550cr
▪️FY22 PAT estimated to be 285cr
▪️FY22 EPS estimate of 32rs
*𝐒𝐂𝐋 𝐭𝐫𝐚𝐝𝐞𝐬 𝐚𝐭 𝐏/𝐄 𝐨𝐟 𝐣𝐮𝐬𝐭 𝟏𝟎𝐱 𝐅𝐘𝟐𝟐𝐄 𝐄𝐏𝐒*
(𝘛𝘰 𝘨𝘪𝘷𝘦 𝘢 𝘱𝘦𝘳𝘴𝘱𝘦𝘤𝘵𝘪𝘷𝘦, 𝘗𝘐 𝘐𝘯𝘥 𝘵𝘳𝘢𝘥𝘦𝘴 𝘢𝘵 45𝘹 𝘍𝘰𝘳𝘸𝘢𝘳𝘥 𝘗/𝘌 𝘢𝘯𝘥 𝘜𝘗𝘓 𝘵𝘳𝘢𝘥𝘦𝘴 𝘢𝘵 21𝘹 𝘍𝘰𝘳𝘸𝘢𝘳𝘥 𝘗/𝘌)
*SCL has been reporting decent growth from the past 10 yrs*
▫️19% Revenue growth (10yr CAGR)
▫️21% PAT growth (10yr CAGR)
▪️SCL is an agrochemicals company engaged in the marketing and distribution of a range of formulations and generic active ingredients around the globe
➡️The Company's segments include Agrochemicals, Belts and Others:
▫️Its Agrochemicals segment consists of insecticides, herbicides, fungicides and biocides.
▫️Its Belts segment consists of conveyor belts, V Belts and timing belts.
▫️Its Others segment consists of dyes and dye intermediates, and general chemicals.
▪️The non-agrochemical product portfolio caters to customers, primarily, distributors, across Australia, Asia, Africa, Europe, North America and Latin America.
▪️It also serves the biocide segments as disinfectants.
▪️It's V Belts and timing belts cater to water treatment, food and food ingredients, and other industrial applications.
𝗦𝗵𝗮𝗿𝗱𝗮 𝗖𝗿𝗼𝗽𝗰𝗵𝗲𝗺 𝗶𝘀 𝗖𝗵𝗲𝗮𝗽𝗲𝘀𝘁 𝗔𝗴𝗿𝗼𝗰𝗵𝗲𝗺𝗶𝗰𝗮𝗹 𝗰𝗼.
_*𝗘𝘃𝗲𝗻 𝗶𝗳 𝗦𝗖𝗟 𝗺𝗮𝗻𝗮𝗴𝗲𝘀 𝘁𝗼 𝗴𝗲𝘁 𝗮 𝗺𝗼𝗱𝗲𝘀𝘁 𝗣/𝗘 𝗼𝗳 𝟭𝟳𝘅, 𝘀𝘁𝗼𝗰𝗸 𝗽𝗿𝗶𝗰𝗲 𝘄𝗶𝗹𝗹 𝗿𝗲𝗮𝗰𝗵 𝟱𝟱𝟬. 𝗪𝗲 𝗮𝗱𝘃𝗶𝘀𝗲 𝗮 𝗦𝗧𝗥𝗢𝗡𝗚 𝗕𝗨𝗬 𝘄𝗶𝘁𝗵 𝗰𝗼𝗻𝘀𝗲𝗿𝘃𝗮𝘁𝗶𝘃𝗲 𝗧𝗣 𝗼𝗳 𝟱𝟱𝟬. 𝗔𝗱𝘃𝗶𝘀𝗲 𝘁𝗼 𝗕𝗨𝗬 𝗯𝗲𝗳𝗼𝗿𝗲 𝗤𝟰 𝗿𝗲𝘀𝘂𝗹𝘁𝘀 𝘁𝗼 𝗿𝗲𝗮𝗽 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀. 𝗖𝗮𝗻 𝗿𝗶𝘀𝗲 𝘀𝗵𝗮𝗿𝗽𝗹𝘆 𝗽𝗼𝘀𝘁 𝗤𝟰 𝗻𝗼𝘀.*_
Above TP is subject to market conditions. Personal due diligence advised
PNB: 2nd Biggest PSB but perhaps Most Undervalued
🎯PNB: Additional Intrinsic Value
Possible Rs 100+ next year
While analysts and so-called big shots tom tom about value of Subsidiaries of HDFC ICICI Bank etc ( quoted as well as unquoted), no one accords any value to Associates and subsidiaries of PNB:
1) PNB Housing Finance 32.65%
2) PNB Gilts 74.06%
3) PNB MetLife Insurance 30%
4) Canara HSBC OBC life insurance 23%
5) PNB International 100%
6) India SME ARC 21%
7) Druk PNB Bank 51%
8) Everest Bank Nepal 20%
🎯9m PAT of above is more than 1500 Cr
No other bank of such big size has 85% PCR: Possible 100 next year
*PNB* - _Key Metrics_
*Big Upside coming:TP 60/100*
🔥 *2nd largest PSB* 🔥
💎 Book Value - 101
💎37566 Touch Points:
▪️10925 Domestic
▪️2 Overseas Branches
▪️13914 ATMs & 12346 BCs
💎Total Deposits - 1082156cr
💎Total Advances - 727432cr
🎯💎 _Total Business - 1809587cr_
💎Cost of Deposits - 4.58%
💎Cost of Funds - 3.91%
💎NIM - 3.09%
💎8.44% savings deposit growth
🎯PCR - 85.16% (⬆️1000bps YoY)
🔥Consistently improving Asset Quality trend over past 5 quarters
*GNPA %* - 15.34% (Dec'19) ➡️ 13.79% (Mar'20) ➡️ 14.11% (Jun'20) ➡️ 13.43% (Sept'20) ➡️ 12.99% (Dec'20)
*NNPA %* - 7.03% (Dec'19) ➡️ 5.51% (Mar'20) ➡️ 5.39% (Jun'20) ➡️ 4.75% (Sept'20) ➡️ 4.03% (Dec'20)
🔥Consistently improving Slippage ratio
5.50% (Dec'19) ➡️ 4.84% (Mar'20) ➡️ 1.51% (Jun'20) ➡️ 1.33% (Sept'20) ➡️ 1.09% (Dec'20)
✅ Q4FY21 can show further improvement
🌈One of most undervalued PSB
🎯PNB: Additional Intrinsic Value
Possible Rs 100+ next year
While analysts and so-called big shots tom tom about value of Subsidiaries of HDFC ICICI Bank etc ( quoted as well as unquoted), no one accords any value to Associates and subsidiaries of PNB:
1) PNB Housing Finance 32.65%
2) PNB Gilts 74.06%
3) PNB MetLife Insurance 30%
4) Canara HSBC OBC life insurance 23%
5) PNB International 100%
6) India SME ARC 21%
7) Druk PNB Bank 51%
8) Everest Bank Nepal 20%
🎯9m PAT of above is more than 1500 Cr
No other bank of such big size has 85% PCR: Possible 100 next year
*PNB* - _Key Metrics_
*Big Upside coming:TP 60/100*
🔥 *2nd largest PSB* 🔥
💎 Book Value - 101
💎37566 Touch Points:
▪️10925 Domestic
▪️2 Overseas Branches
▪️13914 ATMs & 12346 BCs
💎Total Deposits - 1082156cr
💎Total Advances - 727432cr
🎯💎 _Total Business - 1809587cr_
💎Cost of Deposits - 4.58%
💎Cost of Funds - 3.91%
💎NIM - 3.09%
💎8.44% savings deposit growth
🎯PCR - 85.16% (⬆️1000bps YoY)
🔥Consistently improving Asset Quality trend over past 5 quarters
*GNPA %* - 15.34% (Dec'19) ➡️ 13.79% (Mar'20) ➡️ 14.11% (Jun'20) ➡️ 13.43% (Sept'20) ➡️ 12.99% (Dec'20)
*NNPA %* - 7.03% (Dec'19) ➡️ 5.51% (Mar'20) ➡️ 5.39% (Jun'20) ➡️ 4.75% (Sept'20) ➡️ 4.03% (Dec'20)
🔥Consistently improving Slippage ratio
5.50% (Dec'19) ➡️ 4.84% (Mar'20) ➡️ 1.51% (Jun'20) ➡️ 1.33% (Sept'20) ➡️ 1.09% (Dec'20)
✅ Q4FY21 can show further improvement
🌈One of most undervalued PSB
*SGX Nifty -75 pts (15147) from last trade 15222*
Nikkei +127 pts
Hangseng -40 pts
Now @6.56am
Dow +123.69 pts ,Nsdq -64.75 pts, S&P -3.26 pts, Bovespa -108 pts , Ftse -1 pts , Dax +67 pts , Cac +42 pts , Crude @ $63.78 brl (+0.18), Brent @ $66.62 brl (+0.13) , Gold @ 1882.20 (+5.50), Silver @ $27.645 (+0.15), Euro @ $1.2183, JPY @ $108.90, INR @ 72.905
*Today's Corporate Action*
*24th May Ex Date*
EMERALL
Stock Split From Rs.10/- to Rs.5/-
KENNAMET
Interim Dividend - Rs. 20.
WELSPUNIND
Buy Back of Shares
WELSPUNIND
Dividend - Rs. - 0.1500
*Today's Key Results/Board Meetings*
*24-May-21*
3PLAND
Audited Results
ADCINDIA
Dividend; Audited Results
ADFFOODS
Final Dividend;
Audited Results
BALAMINES
Final Dividend;
Audited Results
BANARISUG
Dividend; Audited Results
BARBEQUE
Audited Results
CHOKSI
Final Dividend;
Audited Results
DALMIASUG
Dividend; Audited Results
FGP
Quarterly Results;
Audited Results
GOBLIN
General
GRASIM
Final Dividend;
Audited Results
HINFLUR
Quarterly Results;
Audited Results
IGPL
Final Dividend;
Audited Results
INDCEMCAP
Audited Results
INDIACEM
Dividend; Audited Results
JKPAPER
Final Dividend;
Audited Results
JONJUA
Preferential Issue of shares; Audited Results
JSWHL
Audited Results
KANPRPLA
Final Dividend;
Audited Results
KARDA
Stock Split; Quarterly Results; General; Final Dividend; Audited Results
LAXMIMACH
Dividend; Audited Results
LOYALTEX
Dividend; Audited Results
MGL
Final Dividend;
Audited Results
NUTRICIRCLE
General; Audited Results
PHARMAID
Quarterly Results
POLYMED
Dividend; General; Audited Results
RAMCOCEM
Audited Results
RAMCOIND
Audited Results
SHANTIGEAR
Audited Results
SHIVACEM
Increase in Authorised Capital; General
SHREEPUSHK
Issue Of Warrants; Audited Results
SPARCSYS
Audited Results
SUMMITSEC
Audited Results
TIAANC
Audited Results
TTIL
Audited Results
TUNITEX
General
UTLINDS
Quarterly Results
WSFIN
Audited Results
*Stock under F&O ban on NSE*
*24-May-21*
1BHEL
2JINDALSTEL
3NATIONALUM
4PNB
5SAIL
Nikkei +127 pts
Hangseng -40 pts
Now @6.56am
Dow +123.69 pts ,Nsdq -64.75 pts, S&P -3.26 pts, Bovespa -108 pts , Ftse -1 pts , Dax +67 pts , Cac +42 pts , Crude @ $63.78 brl (+0.18), Brent @ $66.62 brl (+0.13) , Gold @ 1882.20 (+5.50), Silver @ $27.645 (+0.15), Euro @ $1.2183, JPY @ $108.90, INR @ 72.905
*Today's Corporate Action*
*24th May Ex Date*
EMERALL
Stock Split From Rs.10/- to Rs.5/-
KENNAMET
Interim Dividend - Rs. 20.
WELSPUNIND
Buy Back of Shares
WELSPUNIND
Dividend - Rs. - 0.1500
*Today's Key Results/Board Meetings*
*24-May-21*
3PLAND
Audited Results
ADCINDIA
Dividend; Audited Results
ADFFOODS
Final Dividend;
Audited Results
BALAMINES
Final Dividend;
Audited Results
BANARISUG
Dividend; Audited Results
BARBEQUE
Audited Results
CHOKSI
Final Dividend;
Audited Results
DALMIASUG
Dividend; Audited Results
FGP
Quarterly Results;
Audited Results
GOBLIN
General
GRASIM
Final Dividend;
Audited Results
HINFLUR
Quarterly Results;
Audited Results
IGPL
Final Dividend;
Audited Results
INDCEMCAP
Audited Results
INDIACEM
Dividend; Audited Results
JKPAPER
Final Dividend;
Audited Results
JONJUA
Preferential Issue of shares; Audited Results
JSWHL
Audited Results
KANPRPLA
Final Dividend;
Audited Results
KARDA
Stock Split; Quarterly Results; General; Final Dividend; Audited Results
LAXMIMACH
Dividend; Audited Results
LOYALTEX
Dividend; Audited Results
MGL
Final Dividend;
Audited Results
NUTRICIRCLE
General; Audited Results
PHARMAID
Quarterly Results
POLYMED
Dividend; General; Audited Results
RAMCOCEM
Audited Results
RAMCOIND
Audited Results
SHANTIGEAR
Audited Results
SHIVACEM
Increase in Authorised Capital; General
SHREEPUSHK
Issue Of Warrants; Audited Results
SPARCSYS
Audited Results
SUMMITSEC
Audited Results
TIAANC
Audited Results
TTIL
Audited Results
TUNITEX
General
UTLINDS
Quarterly Results
WSFIN
Audited Results
*Stock under F&O ban on NSE*
*24-May-21*
1BHEL
2JINDALSTEL
3NATIONALUM
4PNB
5SAIL
*Economic Times*
*Business Standard*
Ø CII wants RBI to review circular on appointment of bank, NBFC auditors
Ø Finance ministry denies asking banks to withdraw funds from foreign accounts fearing Cairn action
Ø Cost savings project: Jaguar Land Rover cuts break-even volume by a third
Ø Discoms' outstanding dues to gencos fall 3% to Rs 78,379 cr in March
Ø Jaypee Infra homebuyers irked by delay
Ø Interest waiver: IBA reaches out to govt
Ø MSME needs 'concentrated, right kind' of relief package: Assocham
Ø 'Misleading': JSW Steel denies reports on Liberty Steel assets buy
Ø CoC to review NBCC offer for Jaypee Infra on Monday before vote on Suraksha
Ø Glaxo gets ready for next pandemic after hiccups in Covid vaccine
Ø Maruti, Toyota, M&M remain bullish on long-term growth of used car business
Ø Global rebound euphoria tests central bankers' nerves on economic risk
*Business Line*
*Mint*
Ø Leveraging AI/ML, new version of MCA21 to be launched on Monday
Ø Liquid Medical Oxygen sourced by IndianOil from Singapore arrives at Vizag Port
Ø Amara Raja Batteries reports net profit of ₹189 crore in Q4
Ø Centre allows RVNL to import 5,000 tonnes of steel for Kolkata Metro project
Ø Hindalco sets aside ₹2,700-cr capex for this fiscal
Ø JSPL selling subsidiary to promote family at one-fourth of price: Ingovern
Ø Bitcoin falls 13% to $33178, ether down 14%
Ø MCX Q4 results: Net profit declines 41%; announces dividend of ₹27.75/share
Ø WHO provides over 340 MT of essential medical supplies to countries in SE Asia
Ø JSW Steel calls reports on Liberty UK interest ‘speculative’
Ø Birlas betting big on realty, lines up ₹1,000-cr capex for Birla Estates
Ø FPIs net sellers at ₹4,444 cr in May so far
*Financial Express*
*Deccan Chronicle*
Ø Tissue maker Origami’s online sales up 30 pc post pandemic
Ø Punjab & Sind Bank returns to profit after 8 quarters of losses
Ø Gold saving funds see Rs 864-crore inflow in April
Ø Internet Explorer to 'retire' on June 15, 2022: Microsoft
*Business Standard*
Ø CII wants RBI to review circular on appointment of bank, NBFC auditors
Ø Finance ministry denies asking banks to withdraw funds from foreign accounts fearing Cairn action
Ø Cost savings project: Jaguar Land Rover cuts break-even volume by a third
Ø Discoms' outstanding dues to gencos fall 3% to Rs 78,379 cr in March
Ø Jaypee Infra homebuyers irked by delay
Ø Interest waiver: IBA reaches out to govt
Ø MSME needs 'concentrated, right kind' of relief package: Assocham
Ø 'Misleading': JSW Steel denies reports on Liberty Steel assets buy
Ø CoC to review NBCC offer for Jaypee Infra on Monday before vote on Suraksha
Ø Glaxo gets ready for next pandemic after hiccups in Covid vaccine
Ø Maruti, Toyota, M&M remain bullish on long-term growth of used car business
Ø Global rebound euphoria tests central bankers' nerves on economic risk
*Business Line*
*Mint*
Ø Leveraging AI/ML, new version of MCA21 to be launched on Monday
Ø Liquid Medical Oxygen sourced by IndianOil from Singapore arrives at Vizag Port
Ø Amara Raja Batteries reports net profit of ₹189 crore in Q4
Ø Centre allows RVNL to import 5,000 tonnes of steel for Kolkata Metro project
Ø Hindalco sets aside ₹2,700-cr capex for this fiscal
Ø JSPL selling subsidiary to promote family at one-fourth of price: Ingovern
Ø Bitcoin falls 13% to $33178, ether down 14%
Ø MCX Q4 results: Net profit declines 41%; announces dividend of ₹27.75/share
Ø WHO provides over 340 MT of essential medical supplies to countries in SE Asia
Ø JSW Steel calls reports on Liberty UK interest ‘speculative’
Ø Birlas betting big on realty, lines up ₹1,000-cr capex for Birla Estates
Ø FPIs net sellers at ₹4,444 cr in May so far
*Financial Express*
*Deccan Chronicle*
Ø Tissue maker Origami’s online sales up 30 pc post pandemic
Ø Punjab & Sind Bank returns to profit after 8 quarters of losses
Ø Gold saving funds see Rs 864-crore inflow in April
Ø Internet Explorer to 'retire' on June 15, 2022: Microsoft
╭───────────────────╮
🌄 *Shuboudhaya : 24 MAY 2021*🙏🏻
╰───────────────────╯
*Today's top News*
1. *PM Modi has directed all concerned departments to ensure timely evacuation of those involved in off-shore activities in view of Cyclone Yaas* which is expected to cross West Bengal and north Odisha coasts on Wednesday evening.
2. *Railways has delivered nearly 14,500 tonnes of Liquid Medical Oxygen so far to various states across the country.*
3. *Centre has allocated additional 22.17 lakh vials of Remdesivir to all states and Union Territories for the period 23rd to 30th May.* A total of around 99 lakh vials of Remdesivir have been allocated across the country so far.
4. *The first lunar eclipse of 2021 will be on 26* of this Month, but it will be a super celestial event with 3 lunar events will coinciding all at once; an eclipse, a supermoon and a red blood moon. with the moon's closest approach to Earth it will be a "supermoon" eclipse and the colour of the moon will turn reddish and also known as a blood moon.
5. *Assam Chief Minister Himanta Biswa Sarma asks all the Deputy Commissioners to put in place a community surveillance system to avert the COVID pandemic spreading from urban to rural area*.
6. *PM Modi will share his thoughts with the people in @MannKiBaat programme on All India Radio on 30th May.* People can share their views in the NaMo app or @mygovindia Open Forum.
7. *First session of the 15th Kerala State Assembly will begin today with the swearing in of 140 newly elected members* . Election for the speaker post will be conducted on day-after-tomorrow.
8. Union Health Minister Harsh Vardhan yoga guru Ramdev's statement on allopathic medicines "extremely unfortunate" and asked him to withdraw the remark, saying it disrespects 'corona warriors' and can break the morale of healthcare workers.
9. *Twelve major opposition parties, including the Congress, Trinamool Congress, Left parties, Samajwadi Party, Nationalist Congress Party and Dravida Munnetra Kazhagam extended their support to a countrywide protest call given by the Samyukta Kisan Morcha on May 26* , marking six months of the farmers protest against the Centre's farm laws.
10. The collector of Chhattisgarh's Surajpur district, Ranbir Sharma, was removed from the post on Sunday after a viral video showed him slapping a man and throwing his mobile phone for alleged COVID-19 norms violation. Chief Minister Bhupesh Baghel issued instructions for the removal of the 2012-batch IAS officer from the post.
11. After Sonali Guha, now Sarala Murmu. wants to rejoin TMC, she had quit the party to join the BJP during the elections. She has expressed her desire to return to the TMC, a day after Banerjee's former aide, Sonali Guha, made a similar appeal.
12. *Delhi Chief Minister Arvind Kejriwal on Sunday announced extension of the ongoing lockdown in Delhi by another week* , saying the process of unlock will start from May 31 in a phased manner if the number of COVID-19 cases continue to decline.
13. *Lockdown extended in Haryana till May 31 with major relaxations for opening of shops* . The marriages would be allowed to be conducted in either homes or courts with strictly no movement of baraat procession allowed in the state.
14. *Ten unidentified bodies were found at three different locations along the coast in Maharashtra's Raigad district and Gujarat's Valsad* , Police suspect they could be of some of the victims of barge P305 that sank off the Mumbai coast in Cyclone Tauktae.
15. PM Modi has expressed grief over the demise of Former Atomic Energy Commission chairman, Dr. Srikumar Banerjee.
16. *High level meeting of Union ministers, state ministers and education officials on holding the Class 12 board exams and entrance tests took place*, the Centre placed two options before the states. *Class 12 students write exams in only a select few major subjects and mark them on the rest on the basis of how they do in these subjects* .
🌄 *Shuboudhaya : 24 MAY 2021*🙏🏻
╰───────────────────╯
*Today's top News*
1. *PM Modi has directed all concerned departments to ensure timely evacuation of those involved in off-shore activities in view of Cyclone Yaas* which is expected to cross West Bengal and north Odisha coasts on Wednesday evening.
2. *Railways has delivered nearly 14,500 tonnes of Liquid Medical Oxygen so far to various states across the country.*
3. *Centre has allocated additional 22.17 lakh vials of Remdesivir to all states and Union Territories for the period 23rd to 30th May.* A total of around 99 lakh vials of Remdesivir have been allocated across the country so far.
4. *The first lunar eclipse of 2021 will be on 26* of this Month, but it will be a super celestial event with 3 lunar events will coinciding all at once; an eclipse, a supermoon and a red blood moon. with the moon's closest approach to Earth it will be a "supermoon" eclipse and the colour of the moon will turn reddish and also known as a blood moon.
5. *Assam Chief Minister Himanta Biswa Sarma asks all the Deputy Commissioners to put in place a community surveillance system to avert the COVID pandemic spreading from urban to rural area*.
6. *PM Modi will share his thoughts with the people in @MannKiBaat programme on All India Radio on 30th May.* People can share their views in the NaMo app or @mygovindia Open Forum.
7. *First session of the 15th Kerala State Assembly will begin today with the swearing in of 140 newly elected members* . Election for the speaker post will be conducted on day-after-tomorrow.
8. Union Health Minister Harsh Vardhan yoga guru Ramdev's statement on allopathic medicines "extremely unfortunate" and asked him to withdraw the remark, saying it disrespects 'corona warriors' and can break the morale of healthcare workers.
9. *Twelve major opposition parties, including the Congress, Trinamool Congress, Left parties, Samajwadi Party, Nationalist Congress Party and Dravida Munnetra Kazhagam extended their support to a countrywide protest call given by the Samyukta Kisan Morcha on May 26* , marking six months of the farmers protest against the Centre's farm laws.
10. The collector of Chhattisgarh's Surajpur district, Ranbir Sharma, was removed from the post on Sunday after a viral video showed him slapping a man and throwing his mobile phone for alleged COVID-19 norms violation. Chief Minister Bhupesh Baghel issued instructions for the removal of the 2012-batch IAS officer from the post.
11. After Sonali Guha, now Sarala Murmu. wants to rejoin TMC, she had quit the party to join the BJP during the elections. She has expressed her desire to return to the TMC, a day after Banerjee's former aide, Sonali Guha, made a similar appeal.
12. *Delhi Chief Minister Arvind Kejriwal on Sunday announced extension of the ongoing lockdown in Delhi by another week* , saying the process of unlock will start from May 31 in a phased manner if the number of COVID-19 cases continue to decline.
13. *Lockdown extended in Haryana till May 31 with major relaxations for opening of shops* . The marriages would be allowed to be conducted in either homes or courts with strictly no movement of baraat procession allowed in the state.
14. *Ten unidentified bodies were found at three different locations along the coast in Maharashtra's Raigad district and Gujarat's Valsad* , Police suspect they could be of some of the victims of barge P305 that sank off the Mumbai coast in Cyclone Tauktae.
15. PM Modi has expressed grief over the demise of Former Atomic Energy Commission chairman, Dr. Srikumar Banerjee.
16. *High level meeting of Union ministers, state ministers and education officials on holding the Class 12 board exams and entrance tests took place*, the Centre placed two options before the states. *Class 12 students write exams in only a select few major subjects and mark them on the rest on the basis of how they do in these subjects* .