*ADF Foods Ltd to set up greenfield manufacturing facility in Gujarat*

#ADFFoods #Expansion #GreenfieldManufacturingFacility #Gujarat

https://t.co/Ka2Vjs4Y5G https://t.co/AR8MjQY9vF

*Alert: Due to Bank Holiday on 26th May, (Mkt is open) Shares bought in cash segment on 25/05/2021 can't be sold on 26/05/2021,BTST not allowed*

*Sanjiv Bhasin - Summary of Webinar with CA Program*

• Very difficult to buy in fear and sell in greed. However, that is required to make money.

•Next year autos, hotels, airlines, rural consumption – basically discretionary consumption will hit new highs as people will want to live their life to the fullest.

•Real Estate – DLF, Godrej Properties – growth is expected to be strong

•Construction – NBCC (very well poised), L&T (expect to report robust numbers).

•Pharma – making the most of the current situation.

•Look for good business in midcap names which has potential to become large caps.

•Disinvestment opportunity – BPCL, Concor, BEML, SCI.

•PSUs is an opportunity which can offer significant appreciation – CPSE ETF (SIP)

•Top 10 picks – Godrej Properties (TP – INR 2500 – 1 yr), Bharti Airtel (TP – 700), Equitas Holding, RBL Bank (TP – INR 350), Indiabulls Housing (TP – INR 275), DCB Bank, Bosch (TP – INR 22,000), Godrej Consumer (CEO, product, margins), Zee Entertainment (TP – INR 350), NBCC

•Textiles – Arvind and Nihar Spinning (if someone wants to have exposure in the sector)

•Commodity – but at high PE and be cautious when the PE normalises.

•EV story – basket of OEMs, and Motherson Sumi in auto-ancillary.

•PSU Banks will benefit from economic recovery – SBI, PNB, Can Bank, BoB

•Retail bank story – IDFC First (holds in personal portfolio)

•IT – Tech Mahindra, HCL Tech

•Building – UltraTech is the best play

•Pharma – Sun Pharma, Lupin (can benefit from US markets), DIVIS (CRAM play)

Abhishek Kothari 🇮🇳 (@kothariabhishek) Tweeted:
.@CNBCTV18Live
Amara Raja Batteries Ltd
Seller: Clarios ARBL Holding LP
Stake sale of 10% holding in the co.
Pre sale stake at 24%; post sale stake at 14%
Sole broker: Citigroup
Floor Price Rs746 (Disc of 4.82% to closing price)
Deal size: 1.71cr shares
Deal amt: Rs1274cr https://twitter.com/kothariabhishek/status/1396840754568257540?s=20

*JK Paper Ltd.* | *CMP* Rs. 152 | *M Cap* Rs. 2702 Cr | *52 W H/L* 168/85
(Nirmal Bang Retail Research)
*Result Improved*
Revenue from Operations came at Rs. 898.2 Cr (20.6% QoQ, 22.1% YoY) vs QoQ Rs. 744.9 Cr, YoY Rs. 735.9 Cr
EBIDTA came at Rs. 228.4 Cr (47.2% QoQ, 29.4% YoY) vs QoQ Rs. 155.2 Cr, YoY Rs. 176.5 Cr
EBITDA Margin came at 25.4% vs QoQ 20.8%, YoY 24%
Adj. PAT came at Rs. 135.8 Cr vs QoQ Rs. 65.9 Cr, YoY Rs. 92.7 Cr
Quarter EPS is Rs. 7.6
Share is trading at P/E of 7.1x FY22E EPS

*Mahanagar Gas Ltd.* | *CMP* Rs. 1141 | *M Cap* Rs. 11273 Cr | *52 W H/L* 1257/780
(Nirmal Bang Retail Research)
*Result below expection*
Revenue from Operations came at Rs. 717.7 Cr (7.7% QoQ, 4.5% YoY) vs expectation of Rs. 763 Cr, QoQ Rs. 666.4 Cr, YoY Rs. 686.6 Cr
EBIDTA came at Rs. 316.2 Cr (-0.2% QoQ, 29.7% YoY) vs expectation of Rs. 331.2 Cr, QoQ Rs. 316.7 Cr, YoY Rs. 243.8 Cr
EBITDA Margin came at 44.1% vs expectation of 43.4%, QoQ 47.5%, YoY 35.5%
Adj. PAT came at Rs. 212.8 Cr vs expectation of Rs. 235 Cr, QoQ Rs. 217.2 Cr, YoY Rs. 166.6 Cr
Quarter EPS is Rs. 21.5
Share is trading at P/E of 12.5x FY22E EPS

*Ramco Industries Ltd.* | *CMP* Rs. 299 | *M Cap* Rs. 2591 Cr | *52 W H/L* 326/105
(Nirmal Bang Retail Research)
*Result Declined*
Revenue from Operations came at Rs. 277.5 Cr (12.8% QoQ, 43.5% YoY) vs QoQ Rs. 245.9 Cr, YoY Rs. 193.3 Cr
EBIDTA came at Rs. 27.5 Cr (-25.5% QoQ, 249.9% YoY) vs QoQ Rs. 36.9 Cr, YoY Rs. 7.9 Cr
EBITDA Margin came at 9.9% vs QoQ 15%, YoY 4.1%
Adj. PAT came at Rs. 25.1 Cr vs QoQ Rs. 28.6 Cr, YoY Rs. 9.8 Cr
Quarter EPS is Rs. 2.9
Share is trading at P/E of 23.4x TTM EPS

*IG Petrochemicals Ltd.* | *CMP* Rs. 568 | *M Cap* Rs. 1749 Cr | *52 W H/L* 568/114
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 424.4 Cr (34.8% QoQ, 58.1% YoY) vs QoQ Rs. 314.8 Cr, YoY Rs. 268.5 Cr
EBIDTA came at Rs. 144.8 Cr (50.3% QoQ, 804.2% YoY) vs QoQ Rs. 96.3 Cr, YoY Rs. 16 Cr
EBITDA Margin came at 34.1% vs QoQ 30.6%, YoY 6%
Adj. PAT came at Rs. 99.9 Cr vs QoQ Rs. 62.9 Cr, YoY Rs. 4.2 Cr
Quarter EPS is Rs. 32.4
Share is trading at P/E of 9.3x TTM EPS

*Dalmia Bharat Sugar & Industries Ltd.* | *CMP* Rs. 329 | *M Cap* Rs. 2662 Cr | *52 W H/L* 355/55
(Nirmal Bang Retail Research)
*Result Improved*
Revenue from Operations came at Rs. 488.8 Cr (-19.3% QoQ, -11.1% YoY) vs QoQ Rs. 605.8 Cr, YoY Rs. 550.1 Cr
EBIDTA came at Rs. 127.2 Cr (128.4% QoQ, 32.6% YoY) vs QoQ Rs. 55.7 Cr, YoY Rs. 95.9 Cr
EBITDA Margin came at 26% vs QoQ 9.2%, YoY 17.4%
Adj. PAT came at Rs. 51.9 Cr vs QoQ Rs. 37.1 Cr, YoY Rs. 62 Cr (PAT is lower as compared to last year on account of higher depreciation as company has changed the method depreciation from SLM to WDV)
Quarter EPS is Rs. 6.4
Share is trading at P/E of 9.8x TTM EPS

*Balaji Amines Ltd.* | *CMP* Rs. 2893 | *M Cap* Rs. 9373 Cr | *52 W H/L* 2893/370
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 414 Cr (5.6% QoQ, 60.5% YoY) vs QoQ Rs. 392.1 Cr, YoY Rs. 258 Cr
EBIDTA came at Rs. 128.9 Cr (9.8% QoQ, 131.7% YoY) vs QoQ Rs. 117.4 Cr, YoY Rs. 55.6 Cr
EBITDA Margin came at 31.1% vs QoQ 29.9%, YoY 21.6%
Adj. PAT came at Rs. 84.5 Cr vs QoQ Rs. 75 Cr, YoY Rs. 30.8 Cr
Quarter EPS is Rs. 26.1
Share is trading at P/E of 32.9x FY22E EPS

*Barbeque - Nation Hospitality Ltd.* | *CMP* Rs. 640 | *M Cap* Rs. 2400 Cr | *52 W H/L* 839/481
(Nirmal Bang Retail Research)
*Result is ok. Higher PAT is account of lower interest depreciation costs*
Revenue from Operations came at Rs. 226.3 Cr (16.2% QoQ, 18.5% YoY) vs QoQ Rs. 194.8 Cr, YoY Rs. 191 Cr
EBIDTA came at Rs. 45.5 Cr (10.6% QoQ, 82.1% YoY) vs QoQ Rs. 41.2 Cr, YoY Rs. 25 Cr
EBITDA Margin came at 20.1% vs QoQ 21.1%, YoY 13.1%
Adj. PAT came at Rs. 6.2 Cr vs QoQ Rs. -3 Cr, YoY Rs. -44.7 Cr
Quarter EPS is Rs. 1.7

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

*INSTITUTIONS ACTIVITY:*

24th May 2021.

FII: +7830.55 - 7245.19= +585.36 Cr
DII +5329.13 - 6036.82 = -707.69 Cr

Idxfut +5194.92 - 5565.03 = -370.11 Cr
Idxopt +356911.03 - 357585.17 = -674.14 Cr
Stkfut + 42160.87 - 43951.38 = -1790.51 Cr
Stkopt + 23889.27 - 23667.86 = +221.41 Cr

Week Till Date
FII: +585.36 Cr
DII: -707.69 Cr.

Month till Date:
FII: -9881.79 Cr.
DII: +1502.03 Cr.

*SGX Nifty at 7:05 PM: (+06, 15204)*

*4.00 PM, 24th May 2021:*

*LATEST AFTER THE BELL: Nifty consolidates.*

*Nifty (+22, 15198).*

After last week’s smart move, the benchmark Nifty mostly consolidated in today’s trade and most importantly, flirted above the dotted lines all thru the session. The positive takeaway was that the BSE MidCap index scaled a new record high level of 21,717 while the BSE SmallCap index hit 23,338 mark.

Stock specific action commanded investors’ attention as Indian Oil Corporation, SBI, L&T, BPCL, Axis Bank, UPL, PowerGrid, and ITC were the top performing stocks in the large-cap space while Natco Pharma, Concor, Adani Transmission, Page Industries, Birlasoft Corporation, MEP Infrastructure Developers, and Astec Lifesciences were the gainers in the broader markets.

Container Corporation of India (CONCOR) was star perfomer of today’s trade jumping to its 52-week high of Rs 644.95 after rallying 10% after the company said its board has accorded in-principle approval for exploring the possibility of borrowings an amount not exceeding Rs 3,500 crore by the company from any bank(s)/ corporate(s) and institution(s) towards executing long term lease agreement(s) for Railway Land(s).

Amongst sectoral indices, the Nifty PSU Bank index was seen marching with strength as it ended the day as the top gainer on the NSE, up over 2.13%, followed by the Nifty Realty index (up 1.76%. On the downside, the Nifty Metal index slipped below the dotted lines, down 0.6%.

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

• Nifty ends a choppy session higher. Bank Nifty outperforms, up 0.97% for the day.
• Around 26 stocks of the Nifty 50 stocks ended the day in green.
• Top Index Gainers: IOC (+4.89%) BPCL (+2.77%) SBI (+2.44%)
• Top Index Losers: SHREE CEMENTS (-2.51%) JSW STEEL (-2.25%) TATA STEEL (-1.94%)
• Reports of sharp drop in Covid-19 cases in India coupled with good corporate results are still seen as positive catalysts.


*Our view for Tuesday’s trade:*

Positivity should greet Dalal Street in Tuesday’s trade with all aggressive bullish eyes on Nifty’s all-time-highs at 15432 mark. We suspect another round of great fireworks display quite likely ahead of May F&O series expiry.

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.

Amongst stocks, TATA POWER & BPCL appear to be screaming buys with interweek perspective.


*Stay Tuned.*

*Disclaimer:* Investment/Trading in equities is subject to market risks. Notwithstanding all the efforts to do best research, clients should understand that investing in equities, involves a risk of loss of both.

*DERIVATIVE DAILY UPDATE:*
25 MAY 2021
• Flat close on first day of week down 0.02 % on 24 May 2021.

• Bank Nifty gave comparatively stronger closing up 0.68% .

• PSU Banks, Realty & Energy as leader, while Metal, Auto and Fmcg stocks closed negative.

• The best performer’s Concor 8.18%, IOC up 4.68% and PNB up 4.32%

• The worst performers of the session were Shreecem -2.80% and Jswsteel declined 2.53%

• NSE: Advances: 1199
Declines: 795
Unchanged: 85

• India Vix was up,0.26% to 19.13.







*TECHNICAL VIEW:*

• Flat open and close in Nifty, makes higher high & higher low.

• Now Nifty targets all time high 15525 for which it has to close positive today, as volumes still not as desired to break all time high.

• Nifty RSI stays above 60 for fifth consecutive day, indicating upside.

• Bank nifty breaks its Triple top resistance 34300 and closes strongly.

• Bank nifty now targets 37770.

• Bank Nifty RSI moves above resistance zone 60, breakout above 60 with volumes will be crucial.






*OPTIONS VIEW:*
.

• 15500 CE strongest with Highest OI .

• 15000 PE shows huge OI built will act as support for the week.

• Big addition of OI seen in 15300 CE & 15800 CE also in
15200 PE.



• PCR Daily: 1.15




*DAILY GAINERS:*
CONCOR
IOC
PNB
NATIONALUM
PAGEIND
ZEEL
PIDILITIND








*DAILY LOSERS:*

SHREECEM
TORNTPOWER
JSWSTEEL
RAMCOCEM
ICICIGI
TRENT
PEL



*MONTHLY GAINERS:*

BHEL
UPL
HINDPETRO
IOC
BANKBARODA
BALKRISIND
BEL
IBULHSGFIN
NMDC
GMRINFRA


*MONTHLY LOSERS:*


NAUKRI
AUBANK
JINDALSTEL
BANDHANBNK
TATACHEM
JSWSTEEL
SHREECEM
NAVINFLUOR
LALPATHLAB
LTI
TATACONSUM





• All stocks Monthly gainers expect to move up by expiry
• All stocks Monthly losers expect to move down by expiry












*FNO ACTIVITY:*
• FNO 89 Stocks traded Positive
70 Stocks traded Negative
• FNO Positive traded stocks up by 1.29% Average
Negative traded stocks down by -0.90% Average
• FNO 1stocks showed Positive OI built up.
158 stocks showed OI shredding.
• On an Average 53% OI added to FNO
22.3% OI shred.
• Average Volumes up by 70.22 % in FNO.


*STRONG CLOSE*
• IOC
• BPCL

*WEAK CLOSE*
• BRITANNIA
• TATACONS