*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
(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
(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
(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)*
*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.
*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
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
*Sharekhan Viewpoint- 3R Recommendation*
*Shoppers Stop Limited*
*Result Update*
*Rating: BUY*
(CMP: 220, Short Term Target: 286, Upside: 30%)
*Strong Q4; shoppers to comeback soon*
*Company Description*
Shoppers Stop Ltd (SSL) is India’s leading premier retailer of fashion and beauty brands established in 1991. It has progressed from being a single brand shop to a Fashion & Lifestyle store for families. An experienced, professional management; supported by world-class systems and practices; and a talented pool of associates with a shared passion for making every shopper’s visit memorable has helped Shoppers Stop to grow from a single store in 1991 to the largest chain of department stores in India today
*Key Investment Arguments*
• Shoppers stop (SSL)’s business recovered to 95% in Q4FY2021 with revenues standing at Rs. 671.2 crore; OPM improved by 344 bps to 14.2% (better than 13.4% in Q3).
• Footfalls improved q-o-q (falling just 17% in Q4); average ticket size grew by 6%, omni-channel sales up rose by 188% and private brand volumes grew by 38% y-o-y, leading to a strong recovery.
• H1FY2022 will be affected by the second wave of COVID-19, though a fall in cases in key states/cities and the ongoing vaccination program provides visibility of a strong recovery from H2FY2022. Better operating leverage and cost savings (Rs. 200 crore) to drive margins.
• Stock has corrected by 19% from its recent and is trading at an attractive valuation of 5.5x. We maintain our Positive view on the stock with a 28-30% upside.
*Shoppers Stop Limited*
*Result Update*
*Rating: BUY*
(CMP: 220, Short Term Target: 286, Upside: 30%)
*Strong Q4; shoppers to comeback soon*
*Company Description*
Shoppers Stop Ltd (SSL) is India’s leading premier retailer of fashion and beauty brands established in 1991. It has progressed from being a single brand shop to a Fashion & Lifestyle store for families. An experienced, professional management; supported by world-class systems and practices; and a talented pool of associates with a shared passion for making every shopper’s visit memorable has helped Shoppers Stop to grow from a single store in 1991 to the largest chain of department stores in India today
*Key Investment Arguments*
• Shoppers stop (SSL)’s business recovered to 95% in Q4FY2021 with revenues standing at Rs. 671.2 crore; OPM improved by 344 bps to 14.2% (better than 13.4% in Q3).
• Footfalls improved q-o-q (falling just 17% in Q4); average ticket size grew by 6%, omni-channel sales up rose by 188% and private brand volumes grew by 38% y-o-y, leading to a strong recovery.
• H1FY2022 will be affected by the second wave of COVID-19, though a fall in cases in key states/cities and the ongoing vaccination program provides visibility of a strong recovery from H2FY2022. Better operating leverage and cost savings (Rs. 200 crore) to drive margins.
• Stock has corrected by 19% from its recent and is trading at an attractive valuation of 5.5x. We maintain our Positive view on the stock with a 28-30% upside.
🇮🇳 *India Daybook*
🔹 *Stocks in News*
*Bal Pharma*: Launched favipiravir under brand name BALflu. (Positive)
*Balaji Amines:* Net profit Rs 84.5 crore versus Rs 30.8 crore, Revenues at Rs 414.0 crore versus Rs 260.0 crore. (Positive)
*JK Paper:* Net profit Rs 136 crore versus Rs 92.7 crore, Revenues at Rs 980.0 crore versus Rs 807.0 crore. (Positive)
*Lakshmi Machine:* Net profit at Rs 26.0 crore versus Rs 1.9 crore, Revenue at Rs 684.0 crore from Rs 386.0 crore, YoY. (Positive)
*Crompton Consumer:* Revenues Up 48% at Rs 1522 Cr EBITDA Up 61% at Rs 228 Cr (Positive)
*Cipla:* Roche India and Cipla announced the launch of Roche’s Antibody Cocktail (Casirivimab and Imdevimab) in India priced at Rs 59,750 per dose. (Positive)
*Bal Pharma*: Launched favipiravir under brand name BALflu. (Positive)
*Indian Bank:* Bank Board Bureau has recommended Shanti Lal Jain for the position of MD & CEO of the bank. (Positive)
*GMM Pfaudler:* The company has commenced manufacturing operations at its facility at Vatva near Ahmedabad on May 24, 2021 (Positive)
*Greenply Industries:* The company has incorporated a wholly-owned subsidiary Greenply Sandila Pvt Ltd for the manufacturing of plywood and its allied products. (Positive)
*BSE:* Market capitalization of equities of listed companies on BSE reached USD 3 trillion (Positive)
*Bannari Amman:* Net profit Rs 21.8 crore versus Rs 31.0 crore, Revenues at Rs 372.0 crore versus Rs 478.0 crore. (Neutral)
*Ramco Industries:* Net profit Rs 66.4 crore versus Rs 32.9 crore, Revenues at Rs 339.0 crore versus Rs 232.0 crore. (Neutral)
*Grasim Industries:* Net profit at Rs 480.2 crore versus Rs 353.8 crore and revenue increased 18.4 percent to Rs 4,394.2 crore from Rs 3,712.1 crore, YoY. (Neutral)
*Mahanagar Gas:* Net profit fell by 2 percent to Rs 212.8 crore from Rs 217.2 crore, while revenue rose 7.7 percent to Rs 717.6 crore from Rs 666.4 crore, QoQ. (Neutral)
*SBI Cards:* The company said it has framed a COVID-19 related stress resolution mechanism in accordance with the RBI’s recently announced relief measures (Neutral)
*Amara Raja:* Clarios will sell 1.71 crore shares of the company for $174 million. The floor price is fixed at Rs 746 per share. (Neutral)
*Punjab National Bank:* Ashutosh Choudhury, General has assumed the office of Group Chief Risk Officer (Neutral)
*Lakshmi Machine:* The company recommended a dividend of Rs 10 per equity share for the financial year ended March 31, 2021 (Neutral)
*JK Paper:* The company’s board of directors recommended a final dividend of Rs 4 per equity share (Neutral)
*Dalmia Bharat Sugar:* Net profit fell 16 percent to Rs 51.86 crore from Rs 61.95 crore, while revenue fell to Rs 501.03 crore from Rs 566.85 crore, YoY (Negative)
🔹 *Stocks in News*
*Bal Pharma*: Launched favipiravir under brand name BALflu. (Positive)
*Balaji Amines:* Net profit Rs 84.5 crore versus Rs 30.8 crore, Revenues at Rs 414.0 crore versus Rs 260.0 crore. (Positive)
*JK Paper:* Net profit Rs 136 crore versus Rs 92.7 crore, Revenues at Rs 980.0 crore versus Rs 807.0 crore. (Positive)
*Lakshmi Machine:* Net profit at Rs 26.0 crore versus Rs 1.9 crore, Revenue at Rs 684.0 crore from Rs 386.0 crore, YoY. (Positive)
*Crompton Consumer:* Revenues Up 48% at Rs 1522 Cr EBITDA Up 61% at Rs 228 Cr (Positive)
*Cipla:* Roche India and Cipla announced the launch of Roche’s Antibody Cocktail (Casirivimab and Imdevimab) in India priced at Rs 59,750 per dose. (Positive)
*Bal Pharma*: Launched favipiravir under brand name BALflu. (Positive)
*Indian Bank:* Bank Board Bureau has recommended Shanti Lal Jain for the position of MD & CEO of the bank. (Positive)
*GMM Pfaudler:* The company has commenced manufacturing operations at its facility at Vatva near Ahmedabad on May 24, 2021 (Positive)
*Greenply Industries:* The company has incorporated a wholly-owned subsidiary Greenply Sandila Pvt Ltd for the manufacturing of plywood and its allied products. (Positive)
*BSE:* Market capitalization of equities of listed companies on BSE reached USD 3 trillion (Positive)
*Bannari Amman:* Net profit Rs 21.8 crore versus Rs 31.0 crore, Revenues at Rs 372.0 crore versus Rs 478.0 crore. (Neutral)
*Ramco Industries:* Net profit Rs 66.4 crore versus Rs 32.9 crore, Revenues at Rs 339.0 crore versus Rs 232.0 crore. (Neutral)
*Grasim Industries:* Net profit at Rs 480.2 crore versus Rs 353.8 crore and revenue increased 18.4 percent to Rs 4,394.2 crore from Rs 3,712.1 crore, YoY. (Neutral)
*Mahanagar Gas:* Net profit fell by 2 percent to Rs 212.8 crore from Rs 217.2 crore, while revenue rose 7.7 percent to Rs 717.6 crore from Rs 666.4 crore, QoQ. (Neutral)
*SBI Cards:* The company said it has framed a COVID-19 related stress resolution mechanism in accordance with the RBI’s recently announced relief measures (Neutral)
*Amara Raja:* Clarios will sell 1.71 crore shares of the company for $174 million. The floor price is fixed at Rs 746 per share. (Neutral)
*Punjab National Bank:* Ashutosh Choudhury, General has assumed the office of Group Chief Risk Officer (Neutral)
*Lakshmi Machine:* The company recommended a dividend of Rs 10 per equity share for the financial year ended March 31, 2021 (Neutral)
*JK Paper:* The company’s board of directors recommended a final dividend of Rs 4 per equity share (Neutral)
*Dalmia Bharat Sugar:* Net profit fell 16 percent to Rs 51.86 crore from Rs 61.95 crore, while revenue fell to Rs 501.03 crore from Rs 566.85 crore, YoY (Negative)