GM jsk stock in news arvind Ltd,abfashion, future life,sbi,sci, geshipping, adaniport, Cochin shipyard,Mirza, liberty,bata,uco,infibeam,borosil,suryodayasmall, metropolis,drlal,gsfc,deepakfert,lupin,Goodyear,redington,kopran,gokuldas. Negative stocks irb,fineorganic. Nifty range 15200-15540.

Economic Times

 

Business Standard

Ø  UBS warns of more downside risks to growth on longer lockdowns

Ø  Size of RBI's balance sheet up 6.99 per cent for nine months to March 2021

Ø  Unemployment rate could touch double-digit mark in May: CMIE

Ø  Supply-demand imbalances may continue to exert pressure on pulses, edible oils: RBI

Ø  Notes in circulation go up on account of precautionary holding of cash amid pandemic: RBI

Ø  Bank frauds fall by 25% in a year: RBI annual report

 

Ø  United States first quarter GDP unchanged at robust 6.4% annual rate

Ø  Page Industries Q4 net profit rises about 4-folds to Rs 115.56 cr

Ø  Sun Pharma Q4 net more than doubles to Rs 894 cr on better operational show

Ø  Paytm plans to launch India's biggest IPO, aims to raise $3 billion

Ø  Strides Pharma posts Rs 43 cr Q4 profit vs Rs 207 cr loss a year ago

Ø  Sovereign gold bonds sales fetch Rs 25,702 crore till March end

Business Line

 

Mint

Ø  BPCL says no intention to sell stake in Petronet, IGL

Ø  Goodyear India posts ₹43-crore PAT in Q4

Ø  Indian Retail sector faces stormy year ahead, with likely losses of $30 billion

Ø  Local lockdowns temper India’s economic activity in April

Ø  Infibeam Avenues Q4 PAT up 33 per cent to ₹32 cr

Ø  CCI nod for intra-group reorganisation of the Motherson Group

 

Ø  TCS acquires GE's stake in TCS Saudi Arabia

Ø  RBI flags risk of bubble in Indian equity markets

Ø  Eicher Motors total operations revenue down by 5% to ₹8,720 cr in FY21

Ø  Housing demand to reach pre-Covid level after FY'23: Crisil

Ø  Market capitalisation of BSE-listed firms hits record high of ₹220.74 lakh crore

Ø  HSBC to exit US retail banking sector

Financial Express

 

Business  World

Ø  Wockhardt Q4 net loss at Rs 106.84 cr

Ø  PC Jeweller posts net profit of Rs 59.59 cr in Q4

Ø  Banks need to closely monitor asset quality, prepare for higher provisioning: RBI

 

Ø  Sensex Ends Above 51,100, Nifty Registers Record Closing High

Ø  UCO Bank Mar Qtr Net Profit Jumps About Five-Folds To Rs 80 Crore

 

Thanks and Regards,

*Eicher Motors Ltd Q4FY21 Con-Call Update*
(Nirmal Bang Retail Research)
*Outlook: Near term impacted on account of lockdown though ourder booking is strong of 2-3 month, recovery of demand expected in H2FY22*
• The company witnessed healthy demand and pick-up in business activities in the automotive industry and the company has a robust order book and booking numbers are ahead of pre-covid levels.
• The company had price hike of almost Rs. 12000 in FY21
• The company added another Rs. 20 Cr to the existing Rs. 50 Cr provision for Covid
• The company added 535 dealerships and studio format stores during the year taking their retail presence to 2,056 retail touchpoints across more than 1,750 cities.
• Internationally, the company now has more than 130 exclusive stores, and a retail footprint of over 760 stores in more than 60 countries. The company also launched its first CKD unit (completely knocked down), in Buenos Aires, Argentina during the year.
• The company has order back logs of around 2-3 months across several models but the company expects to cover the same in the coming quarter.
• The VECV business registered a 71.4% growth in revenue to Rs. 3,602 Cr against Rs. 2,101 Cr YoY. The EBITDA margin improved to 8.9% against 1.8% YoY due to stringent cost reduction measures being undertaken.
• VECV gained a 7% market share in the heavy duty segment. In the heavy duty segment, VECV volume grew by 6% in FY21 compared to last year against a decline of 21% in industry volume.
Share is trading at a P/E of 29.7x FY22EPS

*Greenlam Industries Ltd.* | *CMP* Rs. 1164 | *M Cap* Rs. 2805 Cr | *52 W H/L* 1225/561
(Nirmal Bang Retail Research)
*Result marginally ahead of expectation*
Revenue from Operations came at Rs. 415.3 Cr (24.1% QoQ, 28.2% YoY) vs expectation of Rs. 376.7 Cr, QoQ Rs. 334.6 Cr, YoY Rs. 324 Cr
EBIDTA came at Rs. 67.1 Cr (15.8% QoQ, 48.3% YoY) vs expectation of Rs. 65.1 Cr, QoQ Rs. 57.9 Cr, YoY Rs. 45.2 Cr
EBITDA Margin came at 16.1% vs expectation of 17.3%, QoQ 17.3%, YoY 14%
Adj. PAT came at Rs. 43.4 Cr vs expectation of Rs. 37.3 Cr, QoQ Rs. 32 Cr, YoY Rs. 21.7 Cr
Quarter EPS is Rs. 18
Share is trading at P/E of 26.1x FY22E EPS

*Punjab Chemicals & Crop Protection Ltd.* | *CMP* Rs. 1199 | *M Cap* Rs. 1475 Cr | *52 W H/L* 1199/408
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 209.5 Cr (21.5% QoQ, 96.1% YoY) vs QoQ Rs. 172.5 Cr, YoY Rs. 106.8 Cr
EBIDTA came at Rs. 23.3 Cr (-15.1% QoQ, 153.9% YoY) vs QoQ Rs. 27.4 Cr, YoY Rs. 9.2 Cr
EBITDA Margin came at 11.1% vs QoQ 15.9%, YoY 8.6%
Adj. PAT came at Rs. 10.5 Cr vs QoQ Rs. 15.6 Cr, YoY Rs. 4.7 Cr
Quarter EPS is Rs. 8.5
Share is trading at P/E of 30x TTM EPS

*Everest Industries Ltd.* | *CMP* Rs. 392 | *M Cap* Rs. 611 Cr | *52 W H/L* 391.5/173
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 347.7 Cr (24.2% QoQ, 19.7% YoY) vs QoQ Rs. 279.9 Cr, YoY Rs. 290.5 Cr
EBIDTA came at Rs. 28.1 Cr (95.7% QoQ, 2385% YoY) vs QoQ Rs. 14.4 Cr, YoY Rs. 1.1 Cr
EBITDA Margin came at 8.1% vs QoQ 5.1%, YoY 0.4%
Adj. PAT came at Rs. 12.2 Cr vs QoQ Rs. 5.4 Cr, YoY Rs. -3.2 Cr
Quarter EPS is Rs. 7.8
Share is trading at P/E of 10.8x TTM EPS

*Siyaram Silk Mills Ltd.* | *CMP* Rs. 272 | *M Cap* Rs. 1276 Cr | *52 W H/L* 272/95
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 507.6 Cr (32.5% QoQ, 8.7% YoY) vs QoQ Rs. 383 Cr, YoY Rs. 466.9 Cr
EBIDTA came at Rs. 79.9 Cr (54.5% QoQ, 94.7% YoY) vs QoQ Rs. 51.7 Cr, YoY Rs. 41 Cr
EBITDA Margin came at 15.7% vs QoQ 13.5%, YoY 8.8%
Adj. PAT came at Rs. 57.8 Cr vs QoQ Rs. 27.5 Cr, YoY Rs. 22.8 Cr
Quarter EPS is Rs. 12.3
Share is trading at P/E of 40.4x TTM EPS

*HEG Ltd.* | *CMP* Rs. 2353 | *M Cap* Rs. 9081 Cr | *52 W H/L* 2580/659
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 380.5 Cr (19.1% QoQ, 1.6% YoY) vs QoQ Rs. 319.6 Cr, YoY Rs. 374.4 Cr
EBIDTA came at Rs. -4.7 Cr (269.3% QoQ, -99.1% YoY) vs QoQ Rs. -1.3 Cr, YoY Rs. -497.4 Cr
EBITDA Margin came at -1.2% vs QoQ -0.4%, YoY -132.8%
Adj. PAT came at Rs. -16.1 Cr vs QoQ Rs. -0.8 Cr, YoY Rs. -377 Cr
Quarter EPS is Rs. -4.2
Share is trading at P/E of 12.9x FY22E EPS

*Jindal Saw Ltd.* | *CMP* Rs. 95 | *M Cap* Rs. 3024 Cr | *52 W H/L* 97/46
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 3783.9 Cr (32.1% QoQ, 30.4% YoY) vs QoQ Rs. 2864.7 Cr, YoY Rs. 2901 Cr
EBIDTA came at Rs. 475 Cr (54.6% QoQ, 17.3% YoY) vs QoQ Rs. 307.2 Cr, YoY Rs. 404.8 Cr
EBITDA Margin came at 12.6% vs QoQ 10.7%, YoY 14%
Adj. PAT came at Rs. 184.1 Cr vs QoQ Rs. 65.8 Cr, YoY Rs. 81.5 Cr
Quarter EPS is Rs. 5.8
Share is trading at P/E of 9.5x TTM EPS

*Aegis Logistics Ltd.* | *CMP* Rs. 359 | *M Cap* Rs. 12601 Cr | *52 W H/L* 363/169
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 1011.2 Cr (-34.6% QoQ, -18.6% YoY) vs expectation of Rs. 1766.4 Cr, QoQ Rs. 1545.5 Cr, YoY Rs. 1241.7 Cr
EBIDTA came at Rs. 100.2 Cr (-15% QoQ, 7.7% YoY) vs expectation of Rs. 138.3 Cr, QoQ Rs. 117.9 Cr, YoY Rs. 93 Cr
EBITDA Margin came at 9.9% vs expectation of 7.8%, QoQ 7.6%, YoY 7.5%
Adj. PAT came at Rs. 65.4 Cr vs expectation of Rs. 93.7 Cr, QoQ Rs. 71.2 Cr, YoY Rs. 34.1 Cr
Quarter EPS is Rs. 1.9
Share is trading at P/E of 30.3x FY22E EPS

*Redington (India) Ltd.* | *CMP* Rs. 183 | *M Cap* Rs. 7122 Cr | *52 W H/L* 203/79
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 15503.9 Cr (-8.7% QoQ, 22.4% YoY) vs expectation of Rs. 15118.7 Cr, QoQ Rs. 16980.8 Cr, YoY Rs. 12666.7 Cr
EBIDTA came at Rs. 424.7 Cr (0.1% QoQ, 74.2% YoY) vs expectation of Rs. 278.1 Cr, QoQ Rs. 424.1 Cr, YoY Rs. 243.8 Cr
EBITDA Margin came at 2.7% vs expectation of 1.8%, QoQ 2.5%, YoY 1.9%
Adj. PAT came at Rs. 302.5 Cr vs expectation of Rs. 162 Cr, QoQ Rs. 195.6 Cr, YoY Rs. 122.8 Cr
Quarter EPS is Rs. 7.8
Share is trading at P/E of 9.3x FY22E EPS

Bulk Deal as on 27-05-21

Adani Enterprises
- 72.09 Lk @ 1323.97 Integrated Core Strategies (Asia) Pte

Adani Total Gas
- 62.87 Lk @ 1349.97 Integrated Core Strategies (Asia) Pte

Adani Transmission
- 61.65 Lk @ 1434.8 Integrated Core Strategies (Asia) Pte

Bharat Electronics
- 2.85 Crore @ 148.43 Integrated Core Strategies (Asia) Pte

Cholomandal Investment & Finance
- 78.75 Lk @ 537.32 Integrated Core Strategies (Asia) Pte

Globus Spirits
- 6 Lk @ 342.16 Templeton Strategic Emerging Fund

Prakash Pipes
- 1.55 Lk @ 168.33 Amarjoti Vanijya LLP

Rupa & Company
+ 4 Lk @ 331Abakkus Emerging Opportunities Fund
+ 15 Lk @ 331 GMO Emerging Markets Fund
- 25.83 Lk @ 336.6 Girika Advisory Services LLP

Take Solutions
- 15.71 Lk @ 72.22 Shriram Group Executive Welfare Trust

Zee Entertainment
+ 2.31 Crore @ 209.88 Integrated Core Strategies (Asia) Pte
+ 48.90 Lk @ 209.35 Societe Generale

*Gujarat Pipavav Port Ltd.* | *CMP* Rs. 108 | *M Cap* Rs. 5221 Cr | *52 W H/L* 118/55
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 193.4 Cr (-2.5% QoQ, 19.4% YoY) vs expectation of Rs. 199.5 Cr, QoQ Rs. 198.4 Cr, YoY Rs. 161.9 Cr
EBIDTA came at Rs. 115.5 Cr (5% QoQ, 15% YoY) vs expectation of Rs. 118.2 Cr, QoQ Rs. 110 Cr, YoY Rs. 100.4 Cr
EBITDA Margin came at 59.7% vs expectation of 59.3%, QoQ 55.5%, YoY 62%
Adj. PAT came at Rs. 65.3 Cr vs expectation of Rs. 66.2 Cr, QoQ Rs. 54.3 Cr, YoY Rs. 47.9 Cr
Quarter EPS is Rs. 1.4
Share is trading at P/E of 17.8x FY22E EPS

*Elecon Engineering Company Ltd.* | *CMP* Rs. 103 | *M Cap* Rs. 1156 Cr | *52 W H/L* 109/18
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 350.1 Cr (18.2% QoQ, 30.4% YoY) vs QoQ Rs. 296.1 Cr, YoY Rs. 268.5 Cr
EBIDTA came at Rs. 73.5 Cr (31.4% QoQ, 160.1% YoY) vs QoQ Rs. 56 Cr, YoY Rs. 28.3 Cr
EBITDA Margin came at 21% vs QoQ 18.9%, YoY 10.5%
Adj. PAT came at Rs. 31.6 Cr vs QoQ Rs. 24.7 Cr, YoY Rs. 70.2 Cr
Quarter EPS is Rs. 2.8
Share is trading at P/E of 20.1x TTM EPS

*Eicher Motors Ltd.* | *CMP* Rs. 2605 | *M Cap* Rs. 71195 Cr | *52 W H/L* 3036/1451
(Nirmal Bang Retail Research)
No. of Vehicles Sold 222771 vs QoQ 212470,YoY 174499
*Result is marginally below expectation*
Revenue from Operations came at Rs. 2940.3 Cr (4% QoQ, 33.2% YoY) vs expectation of Rs. 2932.1 Cr, QoQ Rs. 2828.3 Cr, YoY Rs. 2208.2 Cr
EBIDTA came at Rs. 634.4 Cr (-5.6% QoQ, 46.8% YoY) vs expectation of Rs. 670.7 Cr, QoQ Rs. 672 Cr, YoY Rs. 432.2 Cr
EBITDA Margin came at 21.6% vs expectation of 22.9%, QoQ 23.8%, YoY 19.6%
Adj. PAT came at Rs. 526.1 Cr vs expectation of Rs. 556.8 Cr, QoQ Rs. 532.6 Cr, YoY Rs. 304.3 Cr
Quarter EPS is Rs. 19.3
Share is trading at P/E of 29.7x FY22E EPS

Dear All,

Nirmal Bang is inviting you to a Zoom webinar.
When: May 28, 2021 08:45 AM India
Topic: Morning Market Update

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