*Gulf Oil Lubricants India Ltd.* | *CMP* Rs. 711 | *M Cap* Rs. 3576 Cr | *52 W H/L* 846/564
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 517.4 Cr (7.4% QoQ, 43.9% YoY) vs QoQ Rs. 481.9 Cr, YoY Rs. 359.7 Cr
EBIDTA came at Rs. 78.1 Cr (-6.3% QoQ, 41% YoY) vs QoQ Rs. 83.4 Cr, YoY Rs. 55.4 Cr
EBITDA Margin came at 15.1% vs QoQ 17.3%, YoY 15.4%
Adj. PAT came at Rs. 59.8 Cr vs QoQ Rs. 64 Cr, YoY Rs. 35.9 Cr
Quarter EPS is Rs. 11.9
Share is trading at P/E of 16.5x FY22E EPS

GM jsk stock in news ncc, Glenmark,Bob,sbi,pnb,cipla, alembic ph,ambalal,morepenlab, phoenix,rupa n co,cub, Ingersoll, dilipbuild, spicejet,indigo, jubiliant pharma,divis. Negative stocks ghcl,aartisufac,ambikacotton,indianbk. Nifty range 14325-14550.

*Global-Market Insight*
-Important and busy week for the global markets
-Asian markets may trade subdued
-Gold has breached $1900 and Crude inching towards $70
-The US markets closed today on a Memorial Day
-US May job data, PMI & inflation numbers
-OPEC+ meeting on oil production
-FED's beige book on the economy on Wednesday
-India's GDP today & monetary policy on Friday

*Bank of Baroda Review*
*JP Morgan:* 4Q (loss Rs 10bn) impacted by write-down of DTA on a shift to new tax regime
Adjusting for same, PAT would have been Rs 22.3bn (F21 Rs 41.4Bn)
Asset quality +ve with pro forma 4Q slippage at Rs 30bn
*OW, TP Rs 110*

*Bank of Baroda Review*
*CS:* Growth continues to lag, asset quality stress broadly contained
Post recent capital raise, CET up to 11% & allows pick-up in growth, but given stress in SMEs & uncertainty on 2nd wave, expect elevated credit costs in FY22 & RoE to remain low
*TP Rs 75*

*Divis Labs Review *
*Jefferies:* Revenue 7% above est,
EBITDA though impacted by Covid incentive payments of Rs 34 cr
Co's has operationalized capex worth INR1.8bn of total 2.5bn incurred since 2018
*Buy, TP raised to Rs 4732*


*Divis Labs Review*
*GS:* 4Q beat
Multiple drivers to support biz in FY22
Market share gains on molecules like carbidopa, levodopa, valsartan, mesalamine, pregabalin
Additional supply opportunity for molnuparivir API
2x capacity in Nutraceuticals
*Buy, TP Rs 4530*

*Week Ahead*
-India to release GDP figures (Monday)
-RBI monetary policy on June 4th
-US jobs report and worldwide manufacturing and services PMIs
-US stock markets will be closed on Monday for the Memorial Day holiday

Engineers India (ENGI) is at ₹84.25 (-2.60%)

http://in.investing.com/equities/engineers-india?utm_source=investing_app&utm_medium=share_link&utm_campaign=share_instrument

*Good Morning*
• India Extends $41 Billion Loan-Guarantee Offer to Airlines
o Govt extends emergency credit program until Sept. 30
• India to Borrow $22 Billion More to Pay States, Minister Says
• India to Provide Aid, Education to Children Orphaned by Covid
• Bank of Baroda Plans to Raise $690 Million After Unexpected Loss
• HDFC Bank Penalized for Violating Rules in Auto-Loan Portfolio
• Underwriters Rescue Bond Auction as RBI Tries to Check Yields
• Microfinance Loan Collections Fall 10-20% in April, May: Sa-Dhan
• India Farmers Boost Planting of Summer Rice, Pulses and Oilseeds
• India Monsoon Onset Over Kerala Likely Around June 3, IMD Says
• India Forex Reserves Rise $2.9b to $592.9b in Week to May 21
o India Official Reserves Rise to Record in May
• India’s Sensex Index Clocks Biggest Two-Week Gain Since February
• Traders Grapple With Grief While India’s Markets Keep Rising
• Global Funds Buy Net INR9.14B of India Stocks on May 28: NSE
o Domestic funds buy net 12.75b rupees of stocks
• Foreign Investors Buy Net INR446M of Indian Equities on May 27
• PM Modi Says India fighting Covid with all its might: PTI
• HC to rule on Monday on plea to stop Central Vista work during Covid: PTI
• 4pm: India Fiscal Deficit for April-March Period, prior 171,543
• 5:30pm: April Eight Infrastructure Industries, prior 6.8%
• 5:30pm: India GDP for Qtr ended March; est. 0.9% (prior 0.4%)
• 5:30pm: India GDP Annual FY21 Estimate YoY; est. -7.5% (prior -8.0%)
• 5:30pm: India GVA for Qtr ended March; est. 2.5% (prior 1.0%)
• Aditya Birla Fashion (ABFRL): 4Q net loss 1.3b rupees, est. loss 356.4m; revenue -2.2% y/y to 17.8b rupees
• Advanced Enzyme (ADVENZY): 4Q net income 316.8m rupees vs 313.3m y/y
• Affle India (AFFLE): 4Q profit 585.1m rupees vs 152.9m y/y; revenue 1.42b
• Bank of Baroda (BOB): 4Q net loss 10.5b rupees vs. profit 5.1b y/y; Gross NPA 8.87% vs. 8.48% q/q
• Bhagyanagar India (BHIL): 4Q profit 6.7m rupees vs loss 13.6m y/y
• Cadila Healthcare (CDH): Says Zydus Cadila gets U.S. FDA approval for Fluphenazine Hydrochloride tablets
• City Union Bank (CUBK): 4Q profit 1.11b rupees vs. loss 952.9m y/y, est. 1.28b, Provisions 2.38b; Gross NPA 5.11% vs. 2.94% q/q
• Dhanlaxmi Bank (DHLBK): 4Q profit 52.8m rupees vs. 26m y/y; Gross NPA 9.23% vs. 5.78% q/q
• Dilip Buildcon (DBL): 4Q net income +10% y/y to 1.27b rupees, est. 1.25b; revenue +17% to 29.2b
• Divi’s Laboratories (DIVI): 4Q profit 5.02b rupees vs. 3.88b y/y, beats est. 4.7b
• Glenmark Pharma (GNP): 4Q net income +6.4% y/y to 2.34b rupees, est. 2.39b; revenue +3.2% to 28.6b
• HeidelbergCement India (HEIM): 4Q net income 1.4b rupees vs. 662.9m y/y; revenue +18% to 6b vs est. 6.28b; Div/shr 8 rupees
• Himatsingka Seide (HSS): 4Q profit 375.7m rupees vs loss 688.4m y/y
• Indian Bank (INBK): 4Q net income 17.1b rupees Vs. loss 2.18b Y/y, provisions -24% q/q to 17.5b; Gross NPA 9.85% vs. 9.04% q/q
• Indian Overseas Bank (IOB): Says board to consider shares issue to govt on or after June 2
• Kaveri Seed (KSCL): 4Q net loss 173.6m rupees vs. profit 75.7m y/y
• KEI Industries (KEII): 4Q profit gain to 893m rupees vs. 620m y/y
• Kotak Mahindra Bank (KMB): Approves plan to raise up to 50b rupees via debt including sale of NCDs & bonds
• Neogen Chemicals (NEOGEN): 4Q profit gain to 93.2m rupees vs. 73m y/y
• Punjab National Bank (PNB): To sell Canara HSBC OBC Life insurance stake at appropriate time
• REC Ltd. (RECL): 4Q net income 20.7b rupees, revenue +19% y/y to 91.5b
• Sheela Foam (SFL): 4Q profit 581.4m rupees vs. 317m y/y, sales gain to 7.33b vs. 5.04b y/y
• SpiceJet (SJET): SEBI disposes of adjudication proceedings against Enam in matter of SpiceJet
• Sundaram Finance (SUF): 4Q net income 2.09b rupees Vs. 1.31b Y/y
• Suprajit Engineering (SEL): 4Q profit 575.1m rupees vs 29.7m y/y
• Unichem Laboratories (UL): 4Q net loss 4.08m rupees vs. loss 171.8m y/y
• V-Mart Retail (VMART): 4Q net loss 14.7m rupees, est. loss 78.0m; revenue +5.7% y/y to 3.52b

*SGX Nifty -45 pts (15433) from last trade 15478*

Nikkei -151 pts,
Hangseng +101 pts,
Now @6.58am.

Dow +64.81 pts ,Nsdq +12.46 pts, S&P +3.23 pts, Bovespa +1194 pts , Ftse +2 pts , Dax +113 pts , Cac +48 pts , Crude @ $67.37 brl (+0.52), Brent @ $69.46 brl (-0.00) , Gold @ 1896.90 (+1.20), Silver @ $27.97 (+0.03), Euro @ $1.2189, JPY @ $109.83,  INR @ 72.685

*Today's Corporate Action*
*31st May Ex Date*
HDFC
Dividend - Rs. - 23.0000

INFY
Final Dividend - Rs. - 15.0000

*Today's Key Results/Board Meetings*
*31-May-21*
ABHICAP
General; Audited Results

ACEMEN
Audited Results

ADSL
General; Quarterly Results; Audited Results

APARINDS
Dividend; Quarterly Results; Audited Results

APMIN
Audited Results

ARCHITORG
Preferential Issue of shares

ASIANTILES
Audited Results;
Final Dividend

ASTRON
General; Audited Results

AUROPHARMA
Audited Results

BASML
Audited Results;
Final Dividend

BLUECOAST
Quarterly Results

CHAMANSEQ
Audited Results;
Final Dividend

CHEMCON
General; Audited Results; Quarterly Results

CUPIDTR
General

DEVHARI
Audited Results

DUGARHOU
Reduction of Capital

FLOMIC
Audited Results

GALLOPENT
Dividend;
Quarterly Results

GANESHHOUC
Audited Results

HIGHENE
A.G.M.; Audited Results; Final Dividend

HONAUT
Audited Results;
Final Dividend

HYPERSOFT
Audited Results

INANISEC
Quarterly Results

INDXTRA
Audited Results

INERTIAST
Audited Results

INGERRAND
Audited Results; Dividend

INRADIA
Audited Results

INSILCO
Audited Results

ISHANCH
General; Audited Results

JAMNAAUTO
Audited Results;
Final Dividend

JBFIND
Quarterly Results

JINDALPHOT
Audited Results

KAPILRAJ
Increase in Authorised Capital; Issue Of Warrants

KARDA
General;Stock  Split; Quarterly Results; Audited Results;
Final Dividend

KBSINDIA
Quarterly Results;
Audited Results

KEDIACN
General

KHYATI
Audited Results

KKALPANAIND
Quarterly Results; A.G.M.; Audited Results; Final Dividend

KOLTEPATIL
General; Audited Results

LASA
Audited Results

LLOYDSTEEL
General; Quarterly Results; Audited Results

MAANALU
Audited Results

MAFATLAFIN
Audited Results

MAGMA
Dividend; Audited Results

MANINDS
Audited Results;
Final Dividend

MANOMAY
Audited Results

MARKSANS
Audited Results;
Final Dividend

MHLXMIRU
Audited Results

MODISNME
Audited Results

MORGANITE
General; Audited Results; Final Dividend

NAHARCAP
Dividend; Audited Results

NAHARINDUS
Audited Results

NAHARPOLY
Dividend; Audited Results

NAHARSPING
Audited Results; Dividend

NATCAPSUQ
Increase in Authorised Capital; Right Issue of
Equity Shares; Audited Results; Final Dividend

NELCAST
Dividend; Audited Results

NH
Preferential Issue of shares; Audited Results

NIHARINF
General; Quarterly Results; A.G.M.;
Audited Results

PANAMAPET
Audited Results;
Final Dividend

PANCHMAHQ
Audited Results

PATIDAR
Audited Results

PCS
Audited Results

PNBHOUSING
General

PRAKASH
Audited Results

PRSNTIN
Quarterly Results;
Audited Results

RIDDHI
Dividend;
Quarterly Results

RTL
Audited Results; Quarterly Results;
Final Dividend

RUPA
Dividend; Audited Results

SHHARICH
Dividend; Quarterly Results; Audited Results

SHILPAMED
Quarterly Results; Audited Results

SHRIDINE
General; Quarterly Results; Audited Results; Final Dividend

SIMPLXREA
Consolidation of Shares; Audited Results

SKIFL
Audited Results

SNL
Audited Results;
Final Dividend

STELLANT
Quarterly Results;
Audited Results

SUDTIND-B
General

TFCILT
Dividend; Audited Results

TIL
Audited Results

TRF
General; Quarterly Results; Audited Results

UNICK
General; Audited Results; Quarterly Results

URJAGLOBA
Audited Results

UTTAMSTL
Audited Results

VASCONEQ
General; Audited Results

VENUSREM
Preferential Issue of shares; Audited Results

WEBELSOLAR
Audited Results

WIREFABR
Audited Results; Dividend

XCHANGING
Audited Results

ZNIVITRD
Audited Results

*Stock under F&O ban on NSE*
*31-May-21*
Sun Tv

*Economic Times*
*Business Standard*
Ø  RBI's new norms to help enhance audit quality, transparency, add value: Experts
Ø  Paytm board grants in-principle approval for around Rs 22,000 crore IPO
Ø  FDI in computer software, hardware jumps threefold to $26.14 billion in 2020-21: DPIIT data
Ø  DoT to ask telcos to test 5G in rural areas also, MTNL may join trial soon
Ø  India set to expand negative list for defence imports
Ø  Govt expands credit lifeline for MSMEs amid second wave of Covid-19
Ø  Saudi Arabia committed to meet India's crude oil requirement: Saudi envoy
Ø  Govt considers enhancing Rs 3 trn loan-guarantee for small firms: Report
Ø  Covid-19: Govt announces additional benefits under EPFO, ESIC schemes
Ø  Record company registrations in April; Maha, Delhi, UP lead charge

*Business Line*
*Mint*
Ø  Adani Ports and SEZ looks to acquire Karaikal Port
Ø  Verteil Technologies closes Pre-Series A funding round
Ø  Emergency credit scheme to now cover civil aviation, oxygen plants
Ø  PSBs to follow templated approach to restructure loans
Ø  PNB to exit Canara HSBC Oriental Bank Life
Ø  Dhanlaxmi Bank posts ₹5.28 crore net profit in Q4
Ø  Infra.Market acquires majority stake in Sociam Equipment
Ø  Bank of Baroda plans to raise ₹5,000 crore after unexpected loss
Ø  India, Philippines eyeing technology and investment exchanges in fisheries
Ø  PUBG Mobile's Indian avatar Battlegrounds Mobile India reveals glimpse of game
Ø  FPIs net sellers for second consecutive month; pull out ₹1,730 crore in May

*Financial Express*
*Business  World*
Ø  Coal India retains production and offtake momentum in May
Ø  Interest payments: Centre’s soaring debt may curb productive spending
Ø  Govt Extends Emergency Credit Line Guarantee Scheme Till Sep 30
Ø  REC Records Profit At Rs. 8,362 Crores

Chinese City of Guangzhou Locks Down Neighbourhood After Virus Upsurge-https://www.news18.com/news/world/chinese-city-of-guangzhou-locks-down-neighbourhood-after-virus-upsurge-3789215.html

LIC cuts stake to zero in 8 of 10 stocks with maximum fall in holdings in Q4 https://www.livemint.com/companies/news/lic-cuts-stake-to-zero-in-8-of-10-stocks-with-maximum-fall-in-holdings-in-q4-11622279749987.html
Download mint app for latest in Business News - https://bit.ly/32XEfFE

Alongwith the Q4 results, ITC will definitely come out with some exciting announcements.
Fingers crossed 🤞🏻

https://mybs.in/2ZeU5iw Sensex at 200,000? Possible in 10 years, says Raamdeo Agrawa

*Trading Tweaks*

*List of securities shortlisted in ASM Framework w.e.f. May 28, 2021*

1. Andhra Cements Ltd
2. Anik Industries Ltd
3. Ansal Buildwell Ltd
4. Asian Hotels (East) Ltd*
5. Bannari Amman Spinning Mills Ltd
6. Duroply Industries Ltd
7. Electrotherm (India) Ltd
8. H S India Ltd
9. Insilco Ltd
10. Jamna Auto Industries Ltd*
11. Murudeshwar Ceramics Ltd
12. Newgen Software Technologies Ltd*
13. Nitco Ltd
14. Selan Exploration Technology Ltd
15. Zee Learn Ltd

*List of securities which shall continue in ASM framework but shall be moved to respective higher Stage ASM w.e.f. May 28, 2021*

1. Ambalal Sarabhai Enterprises Ltd
2. Angel Fibers Ltd

*List of securities shortlisted in Short Term 5/15/30 Days ASM Framework w.e.f. May 28, 2021*

1. Batliboi Ltd
2. Bhilwara Technical Textiles Ltd
3. Coral Laboratories Ltd
4. Golkunda Diamonds & Jewellery Ltd
5. Mitshi India Ltd
6. Polylink Polymers India Ltd
7. Raminfo Ltd
8. Siddha Ventures Ltd
9. VMS Industries Ltd
10. Comfort Fincap Ltd
11. Dhanalaxmi Roto Spinners Ltd
12. GEE Ltd
13. MBL Infrastructures Ltd*
14. Websol Energy System Ltd*
15. Surana Telecom and Power Ltd*
16. Ravinder Heights Ltd*
17. PG Electroplast Ltd*
18. Pitti Engineering Ltd*
19. Coffee Day Enterprises Ltd*
20. Lux Industries Ltd*
21. Oswal Greentech *
22. Barbeque-Nation Hospitality Ltd*
23. BSEL Infrastructure Realty Ltd*
24. Wockhardt Ltd*
25. Compuage Infocom Ltd*
26. HSIL Ltd*

*List of securities which shall continue in Short Term 5/15/30 Days ASM framework but shall be moved to respective higher Stage ASM w.e.f. May 28, 2021*

1. Patidar Buildcon Ltd

*List of securities which shall continue in Short Term 5/15 Days ASM framework but shall be moved to respective lower Stage ASM w.e.f. May 28, 2021*

1. La Tim Metal & Industries Ltd
2. Ozone World Ltd

*List of securities moving out of Short Term ASM Framework w.e.f. May 28, 2021*

1. Cheviot Company Ltd
2. Venkys (India) Ltd
3. Anik Industries Ltd*

*Graded Surveillance Measure (GSM) - List of securities moving into their respective GSM Stages with effect from May 28, 2021*

1. Brawn Biotech Ltd - Moved to GSM Stage1
2. Beeyu Overseas Ltd - Moved to GSM Stage2

*CHANGE IN CIRCUIT FILTER with effect from May 28, 2021.*

1. Pitti Engineering Ltd – 10%
2. Onward Technologies Ltd – 10%
3. Zodiac-JRD-MKJ Ltd – 10%
4. Coffee Day Enterprises Ltd – 10%
5. Radhika Jeweltech Ltd – 10%
6. SecMark Consultancy Ltd – 10%
7. Andhra Cements Ltd – 5%
8. International Combustion India Ltd – 5%
9. Rishiroop Ltd – 5%
10. Reliance Infrastructure Ltd – 5%
11. Gammon Infrastructure Projects Ltd – 5%
12. Neil Industries Ltd – 5%
13. Lesha Industries Ltd – 2%
14. Viaan Industries Ltd – 2%
15. Sea TV Network Ltd – 2%
16. National Plywood Industries Ltd – 2%

CY 2021 has not been a classical bull market year...

Even though Nifty is up 10.2% YTD...

It has not been a linear bull market..

Lots of twists and turns happened and if you look back they all make sense. That's the beauty of the market, everything makes sense when you look back..


_The question I am attempting to answer..._

▫️ Has Nifty rallied too much in 2021?

▫️How many signals related to prices it offered ?

▫️The key takeaway for the rest of the year?

Nifty is up 10.2% YTD...

That's impressive considering how bad rhe Covid Crisis has been..

But, this doesn't tell us the real story and genuineness of the rally..

Here's Nifty monthly performance..

▫️ January ... -2.48%

▫️ February... 6.56%

▫️March... 1.1%

▫️ April.... -0.41%

▫️ May... 5.5%..

Bilcare (BIL) is at ₹57.55 (-1.54%)

http://in.investing.com/equities/bilcare-ltd-bse?utm_source=investing_app&utm_medium=share_link&utm_campaign=share_instrument

GP Petroleums (GPPE) is at ₹56.35 (-1.74%)

http://in.investing.com/equities/sah-petroleums-ltd?utm_source=investing_app&utm_medium=share_link&utm_campaign=share_instrument

Southern Petrochemical (SPIC) is at ₹46.35 (-5.50%)

http://in.investing.com/equities/southern-petrochemical-industries?utm_source=investing_app&utm_medium=share_link&utm_campaign=share_instrument