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.
Today's Infographic: *Quantitative Comparison of Top 4 Private Banks in India*
🏛️ HDFC Bank
🏛️ ICICI Bank
🏛️ Kotak Mahindra Bank
🏛️ Axis Bank
Also Read: *Comparison of Top 5 Private Banks in India*
https://finmedium.com/2021/05/quantitative-analysis-of-top-5-private-banks/?amp
🏛️ HDFC Bank
🏛️ ICICI Bank
🏛️ Kotak Mahindra Bank
🏛️ Axis Bank
Also Read: *Comparison of Top 5 Private Banks in India*
https://finmedium.com/2021/05/quantitative-analysis-of-top-5-private-banks/?amp
FinMedium
Quantitative Analysis of Top 5 Private Banks - FinMedium
Private Sector Banks are those banks that are controlled and managed by Private Entity, unlike Public Sector Banks which are controlled by Government. Both
Infosys and the French Tennis Federation today unveiled new technologies to help bridge the gap between remote fans and the game, transforming the Roland-Garros experience for the entire tennis ecosystem. – Positive
May Auto sales – Maruti sales at 46555 (down 71% MoM), M&M 41631 (down 31% MoM), Tata Motor 24552 (down 41% MoM), Escorts at 6423 (down 8% MoM) and Bajaj Auto at 240554 (down 38% MoM)
Ashok Leyland’s plants are still not fully - operational due to lockdowns in different states, company expects plants to be operational only for 5-10 days in June. – Any decline will be buying oportunity
Manufacturing PMI for the month of May 10-month low at 50.8 vs 55.5 previous month – Fall in PMI data is concern while expectation that the RBI may hold interest rate on Friday credit policy
J Kumar Infraprojects secures Rs1,307.88cr contract for Mumbai metro rail project – Positive
Sugar Production increased to 30.57m tons from 27.01m tons a year earlier (13% YoY) as more mills crushed cane following a bumper crop, according to the Indian Sugar Mills Association. – Positive for sugar stocks
Wockhardt confirmed that it is indeed in negotiations with multiple companies to explore the option of manufacturing their COVID-19 vaccines. – Positive
Coal India May sales at 55.1mn tons, up 37.6% (YoY) AND May Production at 42.1mn tons – Impressive sales growth … Positive
Jubilant Pharma to invest US$92 Mn to expand sterile injectable manufacturing capacity. This expansion will be spread over 50,000 sq feet at the Spokane facility in Washington and will be commercially operational by the end CY24
IMD says monsoon seen normal this year, monsoon rain seen 101% of average in 2021. - The Southwest Monsoon is likely to be normal in north and south India, above-normal in central India and below-normal in east and northeast India. – Positive for the market
IRCTC extends suspension of Ahmedabad-Mumbai Tejas Express till June 30 - IRCTC has extended the temporary suspension of operation of its Ahmedabad-Mumbai Tejas Express till the end of this month – Short term negative
JSW Energy - CARE has withdrawn the rating assigned to the Commercial Paper issue of JSW Energy with immediate effect, as the company has repaid the aforementioned Commercial paper issue and there is no amount outstanding under the issue as on date – Positive
Asian Granito India Limited to divest stake in Astron Paper and Board Mill – Positive
IRB InvIT receives completion certificate for Udaipur BOT Project – Positive
TTK Prestige settlement with Gujarat Factory workers – Positive
Glenmark Pharmaceuticals launches Rufinamide Tablets – Positive
AB Fashion to raise Rs300 by commercial paper issue
A2Z Infra Engineering one time settlement with ICICI Bank worth Rs4.25cr– Positive
May Auto sales – Maruti sales at 46555 (down 71% MoM) – inline with expectation 44004, M&M 41631 (down 31% MoM) – better than expectation 36118, Tata Motor 24552 (down 41% MoM) – better than expectation 13867, Escorts at 6423 (down 8% MoM) – better than expectation 5275 and Bajaj Auto at 240554 (down 38% MoM) lower than expectation 298197
KILPEST India have sold 13,19,000 COVID-19 RT-PCR Tests in the month of May, 2021 with an average price of Rs78 – Positive (BSE Listed)
Balrampur Chini announced poor topline growth but reported strong Ebitda margin. Company reported Q4 net profit Rs235.5cr (down 2% YoY), Ebitda Rs32.6 vs 13.9%, Ebitda Rs332cr (up 38% YoY) and Income Rs1019cr (down 41.5% YoY).
ITC – Topline ahead of expectation but margin below estimates. Company reported Q4 Net profit Rs3755cr (up 6.5% QoQ) – expectation Rs3440cr, Income Rs15404cr (up 9.1% QoQ) – expectation Rs11910cr, Operating profit rose 1.8% to Rs 4,871.12 crore – expectation Rs4380cr. Operating margin stood at 31.6% versus 33.87% - expectation 36.7%. Cigarette segment’s revenue rose 6.9% to Rs 6,508.43 crore. Revenue of the remaining FMCG business fell 1.5% to Rs 3,694.8 crore. Hotels unit revenue rose 21.5% to Rs 302.35 crore. Agri-business revenue rose 25.6% to Rs 3,383 crore.
May Auto sales – Maruti sales at 46555 (down 71% MoM), M&M 41631 (down 31% MoM), Tata Motor 24552 (down 41% MoM), Escorts at 6423 (down 8% MoM) and Bajaj Auto at 240554 (down 38% MoM)
Ashok Leyland’s plants are still not fully - operational due to lockdowns in different states, company expects plants to be operational only for 5-10 days in June. – Any decline will be buying oportunity
Manufacturing PMI for the month of May 10-month low at 50.8 vs 55.5 previous month – Fall in PMI data is concern while expectation that the RBI may hold interest rate on Friday credit policy
J Kumar Infraprojects secures Rs1,307.88cr contract for Mumbai metro rail project – Positive
Sugar Production increased to 30.57m tons from 27.01m tons a year earlier (13% YoY) as more mills crushed cane following a bumper crop, according to the Indian Sugar Mills Association. – Positive for sugar stocks
Wockhardt confirmed that it is indeed in negotiations with multiple companies to explore the option of manufacturing their COVID-19 vaccines. – Positive
Coal India May sales at 55.1mn tons, up 37.6% (YoY) AND May Production at 42.1mn tons – Impressive sales growth … Positive
Jubilant Pharma to invest US$92 Mn to expand sterile injectable manufacturing capacity. This expansion will be spread over 50,000 sq feet at the Spokane facility in Washington and will be commercially operational by the end CY24
IMD says monsoon seen normal this year, monsoon rain seen 101% of average in 2021. - The Southwest Monsoon is likely to be normal in north and south India, above-normal in central India and below-normal in east and northeast India. – Positive for the market
IRCTC extends suspension of Ahmedabad-Mumbai Tejas Express till June 30 - IRCTC has extended the temporary suspension of operation of its Ahmedabad-Mumbai Tejas Express till the end of this month – Short term negative
JSW Energy - CARE has withdrawn the rating assigned to the Commercial Paper issue of JSW Energy with immediate effect, as the company has repaid the aforementioned Commercial paper issue and there is no amount outstanding under the issue as on date – Positive
Asian Granito India Limited to divest stake in Astron Paper and Board Mill – Positive
IRB InvIT receives completion certificate for Udaipur BOT Project – Positive
TTK Prestige settlement with Gujarat Factory workers – Positive
Glenmark Pharmaceuticals launches Rufinamide Tablets – Positive
AB Fashion to raise Rs300 by commercial paper issue
A2Z Infra Engineering one time settlement with ICICI Bank worth Rs4.25cr– Positive
May Auto sales – Maruti sales at 46555 (down 71% MoM) – inline with expectation 44004, M&M 41631 (down 31% MoM) – better than expectation 36118, Tata Motor 24552 (down 41% MoM) – better than expectation 13867, Escorts at 6423 (down 8% MoM) – better than expectation 5275 and Bajaj Auto at 240554 (down 38% MoM) lower than expectation 298197
KILPEST India have sold 13,19,000 COVID-19 RT-PCR Tests in the month of May, 2021 with an average price of Rs78 – Positive (BSE Listed)
Balrampur Chini announced poor topline growth but reported strong Ebitda margin. Company reported Q4 net profit Rs235.5cr (down 2% YoY), Ebitda Rs32.6 vs 13.9%, Ebitda Rs332cr (up 38% YoY) and Income Rs1019cr (down 41.5% YoY).
ITC – Topline ahead of expectation but margin below estimates. Company reported Q4 Net profit Rs3755cr (up 6.5% QoQ) – expectation Rs3440cr, Income Rs15404cr (up 9.1% QoQ) – expectation Rs11910cr, Operating profit rose 1.8% to Rs 4,871.12 crore – expectation Rs4380cr. Operating margin stood at 31.6% versus 33.87% - expectation 36.7%. Cigarette segment’s revenue rose 6.9% to Rs 6,508.43 crore. Revenue of the remaining FMCG business fell 1.5% to Rs 3,694.8 crore. Hotels unit revenue rose 21.5% to Rs 302.35 crore. Agri-business revenue rose 25.6% to Rs 3,383 crore.