Buy before Q4FY21 as stock will spurt ( like Nahar Spinning and Nahar ind Enterprise)
➡️Q4 EPS can be Rs 11-12
SAMBANDAM SPG:Dirt Cheap
BSE code 521240
TP Rs 200
🌈Stock tdg @ 2.7xFY22EEPS and mcap 0.9xFY22E ebidta
SAMBANDAM Spinning Mills Ltd has 110000 spindles manufacturing 100% cotton yarn for domestic and export markets
Q3FY21 vs Q3FY20:
Sales 70 Cr Vs 45 Cr
PAT zooms 760% to 3.61 Cr Vs 42 lakh
✅EPS Rs 8.47 Vs 98 paise
Q3FY21 ebidta is 10.25 Cr
🎯Sambandam Spg has 100% captive power generation, resulting in lower power cost. Further, Sambandam is ranked in Top 10 Spinning Mills with highest Productivity
Sambandam Spinning should achieve minimum EPS of Rs 30 for FY22.
Mcap of 35 Cr is lower FY22E Ebidta of 40 Cr
💎New Spinning mill with similar capacity will entail 450 Cr Investment
Smallcap for Big appreciation
Personal due diligence advised. TP subject to mkt conditions
➡️Q4 EPS can be Rs 11-12
SAMBANDAM SPG:Dirt Cheap
BSE code 521240
TP Rs 200
🌈Stock tdg @ 2.7xFY22EEPS and mcap 0.9xFY22E ebidta
SAMBANDAM Spinning Mills Ltd has 110000 spindles manufacturing 100% cotton yarn for domestic and export markets
Q3FY21 vs Q3FY20:
Sales 70 Cr Vs 45 Cr
PAT zooms 760% to 3.61 Cr Vs 42 lakh
✅EPS Rs 8.47 Vs 98 paise
Q3FY21 ebidta is 10.25 Cr
🎯Sambandam Spg has 100% captive power generation, resulting in lower power cost. Further, Sambandam is ranked in Top 10 Spinning Mills with highest Productivity
Sambandam Spinning should achieve minimum EPS of Rs 30 for FY22.
Mcap of 35 Cr is lower FY22E Ebidta of 40 Cr
💎New Spinning mill with similar capacity will entail 450 Cr Investment
Smallcap for Big appreciation
Personal due diligence advised. TP subject to mkt conditions
Economic Times
Business Standard
Ø Non-banks' NPAs may rise to 4.5-5 per cent by March 2022: Icra
Ø GMR, Adani, Godrej Properties among 9 companies qualified to redevelop the iconic CSMT railway station
Ø Sugar production up 13 pc to 305.68 lakh tonnes during Oct'20 - May'21
Ø Gold traders write to Finance Ministry to increase settlement period of gold metal loan
Ø SBI invites bids from ARCs for two accounts for recovering Rs 409 crore
Ø CIL's coal offtake jumps 38 per cent to 55 million tonnes in May
Ø Second Covid wave threatens India's long-term credit rating, warns Moody's
Ø ITC adjusted PAT rises 6.5% in Q4, declares final dividend of Rs 5.75
Ø Credit losses set to decline for most Asia Pacific banks, says S&P
Ø Sebi permits off market transfers to ease fund relocation to IFSC
Ø Suzlon bags order to develop 252 MW wind power project from CLP India
Ø Sebi bans eight, including 2 company staff, for insider trading in Infosys
Business Line
Mint
Ø SBI’s Ecowrap revises FY22 GDP projection to 7.9% from 10.4%
Ø Without gas transmission pact with GSPL, IGX’s growth is hit: Mediratta
Ø TVS Motor total sales down 30 per cent in May
Ø PNB to write to IRDAI on stake sale plan in Canara HSBC OBC Life, says MD and CEO
Ø Maruti Suzuki sales decline 71 per cent in May over April
Ø Rolex Rings gets SEBI nod to launch IPO
Ø BRICS call for reforming United Nations, IMF, WTO and WHO
Ø OPEC+ set to sign off on July increase as market tightens
Ø Govt waives registration certificate issuance, renewal fee for EVs
Ø Sebi kicks in higher peak margin on day trade from today
Ø Wadhawan moves SC against NCLAT stay against his offer for DHFL
Ø PNB slashes MCLR across select tenors from today
Financial Express
Business World
Ø BSE SME, BSE Startups seek listing of small enterprises in ICT exports; partner with industry body ESC
Ø Revenue from shrimp export to jump 20% in CY21: Crisil
Ø BSE StAR MF Logs Record 1.14 Cr Transactions Worth Rs 30,938 Cr In May
Ø Rupee Falls For 2nd Day, Declines 28 Paise To 72.90 Against Dollar
Business Standard
Ø Non-banks' NPAs may rise to 4.5-5 per cent by March 2022: Icra
Ø GMR, Adani, Godrej Properties among 9 companies qualified to redevelop the iconic CSMT railway station
Ø Sugar production up 13 pc to 305.68 lakh tonnes during Oct'20 - May'21
Ø Gold traders write to Finance Ministry to increase settlement period of gold metal loan
Ø SBI invites bids from ARCs for two accounts for recovering Rs 409 crore
Ø CIL's coal offtake jumps 38 per cent to 55 million tonnes in May
Ø Second Covid wave threatens India's long-term credit rating, warns Moody's
Ø ITC adjusted PAT rises 6.5% in Q4, declares final dividend of Rs 5.75
Ø Credit losses set to decline for most Asia Pacific banks, says S&P
Ø Sebi permits off market transfers to ease fund relocation to IFSC
Ø Suzlon bags order to develop 252 MW wind power project from CLP India
Ø Sebi bans eight, including 2 company staff, for insider trading in Infosys
Business Line
Mint
Ø SBI’s Ecowrap revises FY22 GDP projection to 7.9% from 10.4%
Ø Without gas transmission pact with GSPL, IGX’s growth is hit: Mediratta
Ø TVS Motor total sales down 30 per cent in May
Ø PNB to write to IRDAI on stake sale plan in Canara HSBC OBC Life, says MD and CEO
Ø Maruti Suzuki sales decline 71 per cent in May over April
Ø Rolex Rings gets SEBI nod to launch IPO
Ø BRICS call for reforming United Nations, IMF, WTO and WHO
Ø OPEC+ set to sign off on July increase as market tightens
Ø Govt waives registration certificate issuance, renewal fee for EVs
Ø Sebi kicks in higher peak margin on day trade from today
Ø Wadhawan moves SC against NCLAT stay against his offer for DHFL
Ø PNB slashes MCLR across select tenors from today
Financial Express
Business World
Ø BSE SME, BSE Startups seek listing of small enterprises in ICT exports; partner with industry body ESC
Ø Revenue from shrimp export to jump 20% in CY21: Crisil
Ø BSE StAR MF Logs Record 1.14 Cr Transactions Worth Rs 30,938 Cr In May
Ø Rupee Falls For 2nd Day, Declines 28 Paise To 72.90 Against Dollar
GM jsk stock in news route,gspl, mtar,lykalab,burnpurcem, Laxmi org, jswsteel,emamipaper,NMDC,jenburkipharma,panacea bio,motherson. Negative stocks eicher,hero,gujgas,infosys. Nifty range 15500-15700.
*Good Morning*
• Plentiful Rain Forecast Boosts India’s Farm Output Prospects )
o June-Sept rainy season is likely to be normal this year
• Gasoline Sales Plunge to Lowest in a Year in Virus-Hit India
o Daily sales of gasoline, diesel decline by a fifth from April
• India Issues Rules for Output Linked Incentive for Pharma Sector
• Sugar Output in India Jumps 13% Y/y From October to May: Group
• Emerging-Market ETFs Lure $1.7 Billion Amid Economic Optimism
o Developing-world stocks took in $1.5 billion last week
• Global Funds Sell Net INR4.5B of Indian Stocks on Tuesday: NSE
o Domestic funds buy net 2.3b rupees of stocks
• Foreign Investors Buy Net INR51.6B of Indian Equities on May 31
• Foreigners Sell Net INR15.6B of India Equity Derivatives Tuesday
• OPEC Sees Tight Oil Market as Ministers Set for Supply Talks
• Adani Railways, GMR Enterprises, Oberoi Realty among 9 bidders for Mumbai’s CST redevelopment: PTI
• Mumbai civic body proposes INR1,200 fine for spitting in public: PTI
• Sebi bans 8 entities from securities mkt in Infosys insider trading case: PTI
• Balrampur Chini (BRCM): 4Q group profit 2.36b rupees vs 2.41b y/y; 4Q profit before tax at 3.06b vs 2.27b y/y
• Eicher Motors (EIM): Says May motorcycle sales +43% y/y to 27,294 units
• Gujarat Gas (GUJGA): 4Q net income +42% y/y to 3.5b rupees, beats est. 3.18b; revenue +28% to 34.9b rupees
• Hero MotoCorp (HMCL): Says May vehicle sales gain 62% y/y to 183,044 units; will move to double shift production gradually
• ITC Ltd. (ITC): 4Q net income -1.3% y/y to 37.5b rupees, meets est. 37.80b; revenue +24% to 141.6b; to pay dividend 5.75 rupees/shr
• Jain Irrigation (JI): Says its unit amends Debt Restructuring Support Pact
• NMDC (NMDC): Says May sales +29% to 3.3m tons vs. 2.55m Y/y; May production +22% to 2.79m tons
• Reliance Industries (RIL): To hold annual shareholders’ meeting on June 24 via video conference; sets June 14 record date for dividend
• Plentiful Rain Forecast Boosts India’s Farm Output Prospects )
o June-Sept rainy season is likely to be normal this year
• Gasoline Sales Plunge to Lowest in a Year in Virus-Hit India
o Daily sales of gasoline, diesel decline by a fifth from April
• India Issues Rules for Output Linked Incentive for Pharma Sector
• Sugar Output in India Jumps 13% Y/y From October to May: Group
• Emerging-Market ETFs Lure $1.7 Billion Amid Economic Optimism
o Developing-world stocks took in $1.5 billion last week
• Global Funds Sell Net INR4.5B of Indian Stocks on Tuesday: NSE
o Domestic funds buy net 2.3b rupees of stocks
• Foreign Investors Buy Net INR51.6B of Indian Equities on May 31
• Foreigners Sell Net INR15.6B of India Equity Derivatives Tuesday
• OPEC Sees Tight Oil Market as Ministers Set for Supply Talks
• Adani Railways, GMR Enterprises, Oberoi Realty among 9 bidders for Mumbai’s CST redevelopment: PTI
• Mumbai civic body proposes INR1,200 fine for spitting in public: PTI
• Sebi bans 8 entities from securities mkt in Infosys insider trading case: PTI
• Balrampur Chini (BRCM): 4Q group profit 2.36b rupees vs 2.41b y/y; 4Q profit before tax at 3.06b vs 2.27b y/y
• Eicher Motors (EIM): Says May motorcycle sales +43% y/y to 27,294 units
• Gujarat Gas (GUJGA): 4Q net income +42% y/y to 3.5b rupees, beats est. 3.18b; revenue +28% to 34.9b rupees
• Hero MotoCorp (HMCL): Says May vehicle sales gain 62% y/y to 183,044 units; will move to double shift production gradually
• ITC Ltd. (ITC): 4Q net income -1.3% y/y to 37.5b rupees, meets est. 37.80b; revenue +24% to 141.6b; to pay dividend 5.75 rupees/shr
• Jain Irrigation (JI): Says its unit amends Debt Restructuring Support Pact
• NMDC (NMDC): Says May sales +29% to 3.3m tons vs. 2.55m Y/y; May production +22% to 2.79m tons
• Reliance Industries (RIL): To hold annual shareholders’ meeting on June 24 via video conference; sets June 14 record date for dividend
*SGX Nifty +5 pts (15628) from last trade 15623*
Nikkei +25 pts
Hangseng -53 pts
Now @6.52am
Dow +45.88 pts ,Nsdq -12.26 pts, S&P -2.07 pts, , Bovespa +2051 pts , Ftse +57 pts , Dax +146 pts , Cac +42 pts , Crude @ $67.93 brl (+0.20), Brent @ $70.25 brl (+0.00) , Gold @ 1901.50 (-3.50), Silver @ $27.925 (-0.17), Euro @ $1.2216, JPY @ $109.47, INR @ 72.855
*Today's Corporate Action*
*2nd Jun Ex Date*
TOWERINFRA
Income Distribution (InvIT)
*Today's Key Results/Board Meetings*
*2-Jun-21*
BIGBLOC
General; Audited Results; Final Dividend
BURNPUR
Audited Results
DVL
Audited Results;
Final Dividend
GARODCH
Audited Results
JENBURPH
Dividend; Audited Results
JPOLYINVST
Audited Results
KANSAFB
General; A.G.M.
KONNDOR
Audited Results
LYKALABS
Audited Results
MOTHERSUMI
Audited Results;
Final Dividend
MTARTECH
Audited Results; A.G.M.; Final Dividend
MUTHOOTFIN
General; Audited Results
NRBBEARING
Audited Results;
Final Dividend
OCTAWARE
General; Half Yearly Results; Audited Results
PANACEABIO
Audited Results
PRERINFRA
Audited Results
PVR
Audited Results
RATNAMANI
Audited Results;
Final Dividend
RIDHISYN
Audited Results
RLFL
Audited Results
SPRAYKING
Audited Results
SPS
General; Bonus issue
SUNSHINE
General
WAAREE
Audited Results
YASHMGM
Audited Results
*Stock under F&O ban on NSE*
*2-Jun-21*
1BANKBARODA
2SAIL
3SUNTV
Nikkei +25 pts
Hangseng -53 pts
Now @6.52am
Dow +45.88 pts ,Nsdq -12.26 pts, S&P -2.07 pts, , Bovespa +2051 pts , Ftse +57 pts , Dax +146 pts , Cac +42 pts , Crude @ $67.93 brl (+0.20), Brent @ $70.25 brl (+0.00) , Gold @ 1901.50 (-3.50), Silver @ $27.925 (-0.17), Euro @ $1.2216, JPY @ $109.47, INR @ 72.855
*Today's Corporate Action*
*2nd Jun Ex Date*
TOWERINFRA
Income Distribution (InvIT)
*Today's Key Results/Board Meetings*
*2-Jun-21*
BIGBLOC
General; Audited Results; Final Dividend
BURNPUR
Audited Results
DVL
Audited Results;
Final Dividend
GARODCH
Audited Results
JENBURPH
Dividend; Audited Results
JPOLYINVST
Audited Results
KANSAFB
General; A.G.M.
KONNDOR
Audited Results
LYKALABS
Audited Results
MOTHERSUMI
Audited Results;
Final Dividend
MTARTECH
Audited Results; A.G.M.; Final Dividend
MUTHOOTFIN
General; Audited Results
NRBBEARING
Audited Results;
Final Dividend
OCTAWARE
General; Half Yearly Results; Audited Results
PANACEABIO
Audited Results
PRERINFRA
Audited Results
PVR
Audited Results
RATNAMANI
Audited Results;
Final Dividend
RIDHISYN
Audited Results
RLFL
Audited Results
SPRAYKING
Audited Results
SPS
General; Bonus issue
SUNSHINE
General
WAAREE
Audited Results
YASHMGM
Audited Results
*Stock under F&O ban on NSE*
*2-Jun-21*
1BANKBARODA
2SAIL
3SUNTV
World Markets
Dow + 46
Nasdaq - 12
Dax + 146
Nikkei + 32
Hangseng - 65
Sgxnifty - 4 (15619)
Brent Crude 70.80
Dow Fut + 18
Dollar Index 89.90
Dow + 46
Nasdaq - 12
Dax + 146
Nikkei + 32
Hangseng - 65
Sgxnifty - 4 (15619)
Brent Crude 70.80
Dow Fut + 18
Dollar Index 89.90
Stocks To Watch
Fineotex Chemical: Approved raising up to Rs 200 crore by way of issuance of securities, through private placement, preferential issue, qualified institutions placement, follow-on public offering or a combination thereof.
Gujarat Gas: Board of Directors have approved the acquisition of City Gas Distribution business for Amritsar and Bhatinda geographical areas from Gujarat State Petronet for Rs 163.31 crore. The acquisition is expected to be completed within 45-60 days.
NMDC: Total production in May up 21.83% to 2.79 MT from 2.29 MT year-on-year. Total sales up 29.41% to 3.30 MT from 2.55 MT YoY.
Patel Engineering: The company and its consortium lenders have completed the execution of the necessary agreements, deeds, security creation, undertakings, and other relevant documents for implementation of the One Time Resolution Plan on May 31. The company had availed Covid relief from the consortium of lenders in the form of OTR.
Indiabulls Housing Finance: Conversion price of 2026 USD Notes changed to Rs 230.14 per share.
Earnings: Motherson Sumi Systems, PVR, Muthoot Finance, MTAR Technologies, Panacea Biotec, Ratnamani Metals & Tubes
Fineotex Chemical: Approved raising up to Rs 200 crore by way of issuance of securities, through private placement, preferential issue, qualified institutions placement, follow-on public offering or a combination thereof.
Gujarat Gas: Board of Directors have approved the acquisition of City Gas Distribution business for Amritsar and Bhatinda geographical areas from Gujarat State Petronet for Rs 163.31 crore. The acquisition is expected to be completed within 45-60 days.
NMDC: Total production in May up 21.83% to 2.79 MT from 2.29 MT year-on-year. Total sales up 29.41% to 3.30 MT from 2.55 MT YoY.
Patel Engineering: The company and its consortium lenders have completed the execution of the necessary agreements, deeds, security creation, undertakings, and other relevant documents for implementation of the One Time Resolution Plan on May 31. The company had availed Covid relief from the consortium of lenders in the form of OTR.
Indiabulls Housing Finance: Conversion price of 2026 USD Notes changed to Rs 230.14 per share.
Earnings: Motherson Sumi Systems, PVR, Muthoot Finance, MTAR Technologies, Panacea Biotec, Ratnamani Metals & Tubes
Pledge Share Details
Adani Ports and Special Economic Zone: Promoters (Adani Tradeline LLP, Gautam Adani and Rajesh Adani) revoked pledge of 12.50 lakh shares on May 31.
Adani Transmission: Promoters (Adani Tradeline LLP, Gautam Adani and Rajesh Adani) revoked pledge of 1.37 crore shares on May 31.
Nectar Lifesciences: Promoter Sanjiv Goyal created a pledge of 5.58 crore shares on May 31.
IRB Infrastructure Developers: Promoter Dattatray Mhaiskar invoked pledge of 5 lakh shares on May 24-27.
Adani Ports and Special Economic Zone: Promoters (Adani Tradeline LLP, Gautam Adani and Rajesh Adani) revoked pledge of 12.50 lakh shares on May 31.
Adani Transmission: Promoters (Adani Tradeline LLP, Gautam Adani and Rajesh Adani) revoked pledge of 1.37 crore shares on May 31.
Nectar Lifesciences: Promoter Sanjiv Goyal created a pledge of 5.58 crore shares on May 31.
IRB Infrastructure Developers: Promoter Dattatray Mhaiskar invoked pledge of 5 lakh shares on May 24-27.
Insider Trades
Aarti Industries: Promoter Nikhil Holdings sold 36,000 shares on May 24.
Kalyan Jewellers India: Promoters (TS Kalyanaraman, TK Seetharam and TK Ramesh) bought 44,700 shares on May 31.
Man Infraconstruction: Promoter Parag Shah bought 1.50 lakh shares on May 31.
Ultramarine & Pigments: Promoters (Sridhar Sundararajan HUF and Kala Sundarvedha) sold 32,000 shares on May 31.
Aarti Industries: Promoter Nikhil Holdings sold 36,000 shares on May 24.
Kalyan Jewellers India: Promoters (TS Kalyanaraman, TK Seetharam and TK Ramesh) bought 44,700 shares on May 31.
Man Infraconstruction: Promoter Parag Shah bought 1.50 lakh shares on May 31.
Ultramarine & Pigments: Promoters (Sridhar Sundararajan HUF and Kala Sundarvedha) sold 32,000 shares on May 31.
Trading Tweaks
Ex-Date Special Dividend: Kanpur Plastipack
Ex-Date Income Distribution: Tower Infrastructure Trust
Record Date Income Distribution And Dividend: India Grid Trust
Price Band Revised From 20% To 10%: Gokul Agro Resources, Pnb Housing Finance, Rupa & Company
Move Into Short-Term ASM Framework: Gokul Agro Resources, Redington (India), Hindustan Media Ventures
Move Out Of Short-Term ASM Framework: Tide Water Oil (India)
Move Into ASM Framework: Tide Water Oil (India)
Ex-Date Special Dividend: Kanpur Plastipack
Ex-Date Income Distribution: Tower Infrastructure Trust
Record Date Income Distribution And Dividend: India Grid Trust
Price Band Revised From 20% To 10%: Gokul Agro Resources, Pnb Housing Finance, Rupa & Company
Move Into Short-Term ASM Framework: Gokul Agro Resources, Redington (India), Hindustan Media Ventures
Move Out Of Short-Term ASM Framework: Tide Water Oil (India)
Move Into ASM Framework: Tide Water Oil (India)
Who’s Meeting Whom
Gokaldas Exports: To meet Arihant Capital and Motilal Oswal AMC on June 2.
Dixon Technologies (India): To meet Burman Family Holdings on June 3, Eastspring Investments on June 4 and Taiyo Pacific on June 10.
Gokaldas Exports: To meet Arihant Capital and Motilal Oswal AMC on June 2.
Dixon Technologies (India): To meet Burman Family Holdings on June 3, Eastspring Investments on June 4 and Taiyo Pacific on June 10.
Money Market Update
The rupee ended at 72.90 against the U.S. Dollar on Tuesday as compared to Monday's closing of 72.62.
The rupee ended at 72.90 against the U.S. Dollar on Tuesday as compared to Monday's closing of 72.62.