Market Wizard
Mid Term Bumper Call Buy Vedavaag System (BSE - 533056) at CMP of 33 - 33.5 and dips till 30 Sl 29 Targets:- 35 - 36 - 37 - 38+ Above that we can see 40 - 44 - 47+ Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing.
VEDAVAAG 36❤️
ADDED AT 31.2 - 31.8 - 32.3 - 32.5
ADDED AT 31.2 - 31.8 - 32.3 - 32.5
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*LUPIN*
Announces the launch of the authorized generic version of Brovana®️ (arformoterol tartrate) Inhalation Solution 15 mcgꝉ/2 mL, unit-dose vials, of Sunovion Pharmaceuticals Inc.
*IDBI BANK*
Ahead of next VijayMallya case hearing on July 26 comes key legal precedent as IDBI Bank wins record $239m judgment against Essar Shipping Group subsidiary in UK.
*F&O BAN*
*New in Ban:* PNB
*Still in Ban:* BANKBARODA, SAIL, SUNTV
Announces the launch of the authorized generic version of Brovana®️ (arformoterol tartrate) Inhalation Solution 15 mcgꝉ/2 mL, unit-dose vials, of Sunovion Pharmaceuticals Inc.
*IDBI BANK*
Ahead of next VijayMallya case hearing on July 26 comes key legal precedent as IDBI Bank wins record $239m judgment against Essar Shipping Group subsidiary in UK.
*F&O BAN*
*New in Ban:* PNB
*Still in Ban:* BANKBARODA, SAIL, SUNTV
*M&M*
Subsidiary Mahindra Telephonics Integrated Systems Ltd., signs contract with the Ministry of Defence
Ministry to procure 11 Airport Surveillance Radars with Monopulse Secondary Surveillance Radar for Indian Navy and Indian Coast Guard at a cost of Rs 327 Cr
*BEML*
Starts manufacturing Oxygen Generating Units
Has received orders for 100 nos. under ‘PM Cares’
fund and the same is expected to be supplied by end July'2021
*Results Tomorrow FRIDAY*
PNB
Bharat Forge
Bk Of India
MOIL
NIIT
IOL Chemicals
Jai Corp, Etc
Subsidiary Mahindra Telephonics Integrated Systems Ltd., signs contract with the Ministry of Defence
Ministry to procure 11 Airport Surveillance Radars with Monopulse Secondary Surveillance Radar for Indian Navy and Indian Coast Guard at a cost of Rs 327 Cr
*BEML*
Starts manufacturing Oxygen Generating Units
Has received orders for 100 nos. under ‘PM Cares’
fund and the same is expected to be supplied by end July'2021
*Results Tomorrow FRIDAY*
PNB
Bharat Forge
Bk Of India
MOIL
NIIT
IOL Chemicals
Jai Corp, Etc
*CUPID*
Q4 SL Net profit 64.7M Rupees Vs 104M (YOY)
95M (QOQ)
Q4 Revenues 396M Rupees Vs 413M (YOY)
Dividend-3.50/shares
*KOVAI MEDICAL CENTER*
Q4 SL Net profit 268.6M Rupees Vs 334.9M (YOY) 207.5M (QOQ)
Q4 Revenues 1.98B Rupees Vs 1.77B (YOY)
Dividend-3/share
*GUJARAT STATE PETRONET*
Q4 Cons Net profit 4.17B Rupees Vs 3.83B (YOY)
Est-2B | 4.70B (QOQ)
Q4 Revenues 38.29B Rupees Vs 32.07B (YOY)
Dividend-2/shares
*NUCLEUS SOFTWARE EXPORTS*
Q4 Cons Net profit 273.5M Rupees Vs 281.4M (YOY) 248M (QOQ)
Q4 Revenues 1.24B Rupees Vs 1.38B (YOY)
Dividend-6/share
*NILKAMAL*
Q4 Cons Net profit 380.6M Rupees Vs 317.6M (YOY) 543M (QOQ)
Q4 Revenues 6.80B Rupees Vs 5.61B (YOY)
Dividend-10/shares
Q4 SL Net profit 64.7M Rupees Vs 104M (YOY)
95M (QOQ)
Q4 Revenues 396M Rupees Vs 413M (YOY)
Dividend-3.50/shares
*KOVAI MEDICAL CENTER*
Q4 SL Net profit 268.6M Rupees Vs 334.9M (YOY) 207.5M (QOQ)
Q4 Revenues 1.98B Rupees Vs 1.77B (YOY)
Dividend-3/share
*GUJARAT STATE PETRONET*
Q4 Cons Net profit 4.17B Rupees Vs 3.83B (YOY)
Est-2B | 4.70B (QOQ)
Q4 Revenues 38.29B Rupees Vs 32.07B (YOY)
Dividend-2/shares
*NUCLEUS SOFTWARE EXPORTS*
Q4 Cons Net profit 273.5M Rupees Vs 281.4M (YOY) 248M (QOQ)
Q4 Revenues 1.24B Rupees Vs 1.38B (YOY)
Dividend-6/share
*NILKAMAL*
Q4 Cons Net profit 380.6M Rupees Vs 317.6M (YOY) 543M (QOQ)
Q4 Revenues 6.80B Rupees Vs 5.61B (YOY)
Dividend-10/shares
*Government Is Said to Seek LIC Mega IPO Bank Proposals in June*
Government is planning to ask for proposals from investment banks this month for the initial public offering of Life Insurance Corp. of India, according to people familiar with the matter. The government will send out invitations in the coming weeks for the share sale of the country’s biggest insurer, said the people, who asked not to be identified as the discussions are private. An offering could happen as soon as March 2022.
Government is planning to ask for proposals from investment banks this month for the initial public offering of Life Insurance Corp. of India, according to people familiar with the matter. The government will send out invitations in the coming weeks for the share sale of the country’s biggest insurer, said the people, who asked not to be identified as the discussions are private. An offering could happen as soon as March 2022.
*Lockdown-like restrictions to be lifted from tomorrow in 18 out of 36 Maharashtra districts: government*
ZINC COMEX TODAY HIGH 3083.5
BREAK IMP SUPPORT OF 3071
DOWNSIDE SUPPORT 2902 IF IT BREAK FREE FALL POSSIBLE IN COMING DAYS
JUST KEEP ON RADAR
BREAK IMP SUPPORT OF 3071
DOWNSIDE SUPPORT 2902 IF IT BREAK FREE FALL POSSIBLE IN COMING DAYS
JUST KEEP ON RADAR
ALUMINIUM COMEX TODAY HIGH 2452
RESI 266
DOWNSIDE SUPPORT 2305
JUST KEEP ON RADAR
RESI 266
DOWNSIDE SUPPORT 2305
JUST KEEP ON RADAR
Russia's $186 Billion Sovereign Wealth Fund Dumps All Dollar Assets
Following a series of corporate cyberattacks that American intelligence agencies have blamed on Russian actors, Russia's sovereign wealth fund (officially the National Wellbeing Fund) has decided to dump all of its dollars and dollar-denominated assets in favor of those denominated in euros, yuan - or simply buying precious metals like gold, which Russia's central bank has increasingly favored for its own reserves.
Finance Minister Anton Siluanov
Finance Minister Anton Siluanov made the announcement Thursday morning at the annual St. Petersburg International Economic Forum.
"We can make this change rather quickly, within a month," Siluanov told reporters Thursday.
He explained that the Kremlin is moving to reduce exposure to US assets as President Biden threatens more economic sanctions against Russia following the latest ransomware attacks. The transfer will affect $119 billion in liquid assets, Bloomberg reported, but the sales will largely be executed through the Russian Central bank and its massive reserves, limiting the market impact and reducing visibility on what exactly the sovereign wealth fund will be buying.
“The central bank can make these changes to the Wellbeing Fund without resorting to market operations,” said Sofya Donets, economist at Renaissance Capital in Moscow. “This in some sense a technical thing."
Jordan Rochester, currency strategist at Nomura International PLC, said, “This is a transfer of euros from the central bank to the wealth fund, we’ll then see the central bank the holder of the USDs and it’s up to them to manage it. No initial market impact."
The news isn't a complete surprise: The Bank of Russia, Russia's central bank, has steadily reduced its dollar holdings over the last few years amid increasing sanctions pressure from the US and Europe. That trend continued through President Trump's term.
Just a few days ago, we reported that the Russian parliament had just authorized the sovereign wealth fund to buy gold through the central bank. However, the central bank reports its holdings with a six-month lag, making it impossible to determine its current holdings.
Russia’s gold holdings eclipsed its dollar reserves last year despite a halt in gold purchases. This was partly due to an increase in the value of its gold holdings with the rise in gold prices, and partly a function of the central bank’s continued efforts to shed dollar assets.
The wealth fund currently holds 35% of its liquid assets in dollars, worth about $41.5 billion, with the same amount in euros and the rest spread across yuan, gold, yen and pounds. After this latest change, the fund’s assets will be held 40% in euros, 30% in yuan, 20% in gold and 5% each in yen and pounds, Siluanov said.
Source: Bloomberg
The wealth fund holds savings from Russia’s oil revenues above a cutoff price and is used to help offset shortfalls when the market falls below that level. Together with illiquid assets, its total value is $185.9 billion.
A few years ago, Russian President Vladimir Putin warned that Washington was inadvertently accelerating de-dollarization with its aggressive financial sanctions, which were forcing its geopolitical adversaries to reduce their dependence on the greenback. Just last month, Russia reached a new milestone whereby fewer than 50% of its exports were paid for in dollars.
It appears that after years of steadily reducing its dependence on the dollar, Russia is about to intensify those efforts in a way that Washington will be forced to take notice.
Following a series of corporate cyberattacks that American intelligence agencies have blamed on Russian actors, Russia's sovereign wealth fund (officially the National Wellbeing Fund) has decided to dump all of its dollars and dollar-denominated assets in favor of those denominated in euros, yuan - or simply buying precious metals like gold, which Russia's central bank has increasingly favored for its own reserves.
Finance Minister Anton Siluanov
Finance Minister Anton Siluanov made the announcement Thursday morning at the annual St. Petersburg International Economic Forum.
"We can make this change rather quickly, within a month," Siluanov told reporters Thursday.
He explained that the Kremlin is moving to reduce exposure to US assets as President Biden threatens more economic sanctions against Russia following the latest ransomware attacks. The transfer will affect $119 billion in liquid assets, Bloomberg reported, but the sales will largely be executed through the Russian Central bank and its massive reserves, limiting the market impact and reducing visibility on what exactly the sovereign wealth fund will be buying.
“The central bank can make these changes to the Wellbeing Fund without resorting to market operations,” said Sofya Donets, economist at Renaissance Capital in Moscow. “This in some sense a technical thing."
Jordan Rochester, currency strategist at Nomura International PLC, said, “This is a transfer of euros from the central bank to the wealth fund, we’ll then see the central bank the holder of the USDs and it’s up to them to manage it. No initial market impact."
The news isn't a complete surprise: The Bank of Russia, Russia's central bank, has steadily reduced its dollar holdings over the last few years amid increasing sanctions pressure from the US and Europe. That trend continued through President Trump's term.
Just a few days ago, we reported that the Russian parliament had just authorized the sovereign wealth fund to buy gold through the central bank. However, the central bank reports its holdings with a six-month lag, making it impossible to determine its current holdings.
Russia’s gold holdings eclipsed its dollar reserves last year despite a halt in gold purchases. This was partly due to an increase in the value of its gold holdings with the rise in gold prices, and partly a function of the central bank’s continued efforts to shed dollar assets.
The wealth fund currently holds 35% of its liquid assets in dollars, worth about $41.5 billion, with the same amount in euros and the rest spread across yuan, gold, yen and pounds. After this latest change, the fund’s assets will be held 40% in euros, 30% in yuan, 20% in gold and 5% each in yen and pounds, Siluanov said.
Source: Bloomberg
The wealth fund holds savings from Russia’s oil revenues above a cutoff price and is used to help offset shortfalls when the market falls below that level. Together with illiquid assets, its total value is $185.9 billion.
A few years ago, Russian President Vladimir Putin warned that Washington was inadvertently accelerating de-dollarization with its aggressive financial sanctions, which were forcing its geopolitical adversaries to reduce their dependence on the greenback. Just last month, Russia reached a new milestone whereby fewer than 50% of its exports were paid for in dollars.
It appears that after years of steadily reducing its dependence on the dollar, Russia is about to intensify those efforts in a way that Washington will be forced to take notice.
Russia Cuts Dollar Holdings From $119 Billion Wealth Fund Amid Sanctions.
Russia to exit from all Dollar assets in its Wealth Fund & to invest in Euros, Pound, Gold, Yuan instead - Russian Finance Minister Siluanov
["https://www.bloomberg.com/news/articles/2021-06-03/russia-cuts-dollar-from-119-billion-wealth-fund-amid-sanctions"]
Russia to exit from all Dollar assets in its Wealth Fund & to invest in Euros, Pound, Gold, Yuan instead - Russian Finance Minister Siluanov
["https://www.bloomberg.com/news/articles/2021-06-03/russia-cuts-dollar-from-119-billion-wealth-fund-amid-sanctions"]
Bloomberg.com
Russia Cuts Dollar Holdings From $119 Billion Wealth Fund Amid Sanctions
Russia said it will eliminate the dollar from its oil fund to reduce vulnerability to Western sanctions just two weeks before President Vladimir Putin holds his first summit meeting with U.S. leader Joe Biden.
Bulk Deal as on 03-06-21
Alphageo
- 60 K @ 293.78 Santosh Ind Ltd
Apollo Tricoat
- 2.30 Lk @ 1215.12 Saket Agarwal
Bhansali Engineering
- 6.25 Lk @ 173.41 Santosh Ind Ltd
Goodluck
- 1.5 Lk @ 109.86 Globe Fincap Ltd
Jbf Industries
- 11.55 Lk @ 24.2 Assets Care & Reconstruction Enterprises
Kamdhenu
+ 3.32 Lk @ 159.37 Rajasthan Global Securities Pvt Ltd
- 2.27 Lk @ 159.84 India Securities Ltd
Man Industries
+ 5.54 Lk @ 100.84 Solidarity Advisors Pvt Ltd
Power Mech
+ 1.30 Lk @ 633 Hdfc Mutual Fund
Prabhat Technologies
+ 2 Lk @ 393 Essar India Ltd
- 2 Lk @ 393 Ketan Madhusudan Shrrof
Selan Exploration
+ 85 K @ 156.73 Esvee Capital
Shakti Pumps
- 1.11 Lk @ 793.43 M L Securities & Finance
Pvt Ltd
Shilpa Medicare
+ 8.70 Lk @ 511 India Opportunities Growth Fund
- 30 Lk @ 511.08 Tano Mauritius India Fvci
Alphageo
- 60 K @ 293.78 Santosh Ind Ltd
Apollo Tricoat
- 2.30 Lk @ 1215.12 Saket Agarwal
Bhansali Engineering
- 6.25 Lk @ 173.41 Santosh Ind Ltd
Goodluck
- 1.5 Lk @ 109.86 Globe Fincap Ltd
Jbf Industries
- 11.55 Lk @ 24.2 Assets Care & Reconstruction Enterprises
Kamdhenu
+ 3.32 Lk @ 159.37 Rajasthan Global Securities Pvt Ltd
- 2.27 Lk @ 159.84 India Securities Ltd
Man Industries
+ 5.54 Lk @ 100.84 Solidarity Advisors Pvt Ltd
Power Mech
+ 1.30 Lk @ 633 Hdfc Mutual Fund
Prabhat Technologies
+ 2 Lk @ 393 Essar India Ltd
- 2 Lk @ 393 Ketan Madhusudan Shrrof
Selan Exploration
+ 85 K @ 156.73 Esvee Capital
Shakti Pumps
- 1.11 Lk @ 793.43 M L Securities & Finance
Pvt Ltd
Shilpa Medicare
+ 8.70 Lk @ 511 India Opportunities Growth Fund
- 30 Lk @ 511.08 Tano Mauritius India Fvci
https://youtu.be/tWhFgp0QPiU
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Currency Strategies By Ms. Riya Singh, Technical Research Analyst, Currencies, Nirmal Bang
Sell EURINR below 88.89, stoploss at 89.25, target at 88.50 – 88.30
Sell JPYINR below 66.54, stoploss at 66.70, target at 66.20
Sell GBPINR below 103.54, stoploss at 103.73, target at 103.26/103.10
Here are our social media handles. Request you to follow…
Sell JPYINR below 66.54, stoploss at 66.70, target at 66.20
Sell GBPINR below 103.54, stoploss at 103.73, target at 103.26/103.10
Here are our social media handles. Request you to follow…
*Nilkamal Ltd.* | *CMP* Rs. 2488 | *M Cap* Rs. 3713 Cr | *52 W H/L* 2488/966
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 679.9 Cr (8.5% QoQ, 21.1% YoY) vs QoQ Rs. 626.6 Cr, YoY Rs. 561.5 Cr
EBIDTA came at Rs. 78.9 Cr (-18.8% QoQ, 11.7% YoY) vs QoQ Rs. 97.2 Cr, YoY Rs. 70.6 Cr
EBITDA Margin came at 11.6% vs QoQ 15.5%, YoY 12.6%
Adj. PAT came at Rs. 38.2 Cr vs QoQ Rs. 54.3 Cr, YoY Rs. 31.8 Cr
Quarter EPS is Rs. 25.6
Share is trading at P/E of 20.5x FY22E EPS
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 679.9 Cr (8.5% QoQ, 21.1% YoY) vs QoQ Rs. 626.6 Cr, YoY Rs. 561.5 Cr
EBIDTA came at Rs. 78.9 Cr (-18.8% QoQ, 11.7% YoY) vs QoQ Rs. 97.2 Cr, YoY Rs. 70.6 Cr
EBITDA Margin came at 11.6% vs QoQ 15.5%, YoY 12.6%
Adj. PAT came at Rs. 38.2 Cr vs QoQ Rs. 54.3 Cr, YoY Rs. 31.8 Cr
Quarter EPS is Rs. 25.6
Share is trading at P/E of 20.5x FY22E EPS
*APL Apollo Tubes Ltd.* | *CMP* Rs. 1347 | *M Cap* Rs. 16829 Cr | *52 W H/L* 1448/231
(Nirmal Bang Retail Research)
*Result marginally above expectation*
Revenue from Operations came at Rs. 2587 Cr (-0.5% QoQ, 37% YoY) vs expectation of Rs. 2601.4 Cr, QoQ Rs. 2600.9 Cr, YoY Rs. 1888.5 Cr
EBIDTA came at Rs. 206.5 Cr (-11.1% QoQ, 72.2% YoY) vs expectation of Rs. 194.3 Cr, QoQ Rs. 232.1 Cr, YoY Rs. 119.9 Cr
EBITDA Margin came at 8% vs expectation of 7.5%, QoQ 8.9%, YoY 6.3%
Adj. PAT came at Rs. 119.2 Cr vs expectation of Rs. 113.7 Cr, QoQ Rs. 132 Cr, YoY Rs. 56.8 Cr
Quarter EPS is Rs. 9.5
Share is trading at P/E of 34.9x FY22E EPS
(Nirmal Bang Retail Research)
*Result marginally above expectation*
Revenue from Operations came at Rs. 2587 Cr (-0.5% QoQ, 37% YoY) vs expectation of Rs. 2601.4 Cr, QoQ Rs. 2600.9 Cr, YoY Rs. 1888.5 Cr
EBIDTA came at Rs. 206.5 Cr (-11.1% QoQ, 72.2% YoY) vs expectation of Rs. 194.3 Cr, QoQ Rs. 232.1 Cr, YoY Rs. 119.9 Cr
EBITDA Margin came at 8% vs expectation of 7.5%, QoQ 8.9%, YoY 6.3%
Adj. PAT came at Rs. 119.2 Cr vs expectation of Rs. 113.7 Cr, QoQ Rs. 132 Cr, YoY Rs. 56.8 Cr
Quarter EPS is Rs. 9.5
Share is trading at P/E of 34.9x FY22E EPS
INDIA GOVT IS SAID TO SEEK LIC IPO BANK PROPOSALS IN JUNE || GOVT IS SAID TO TARGET LIC LISTING AS SOON AS MARCH 2022
THE GOVERNMENT IS LOOKING AT NOTIFYING THE PRODUCTION-LINKED INCENTIVE (PLI) SCHEME, THAT WAS ANNOUNCED TO BOOST DOMESTIC MANUFACTURING, FOR SECTORS LIKE AUTO COMPONENTS, STEEL, AND TEXTILES - PTI
THE GOVERNMENT LAST YEAR APPROVED THE PLI SCHEME FOR 13 SECTORS WITH A TOTAL OUTLAY OF NEARLY RS 2 LAKH CRORE OVER A FIVE-YEAR PERIOD - PTI
THE GOVERNMENT LAST YEAR APPROVED THE PLI SCHEME FOR 13 SECTORS WITH A TOTAL OUTLAY OF NEARLY RS 2 LAKH CRORE OVER A FIVE-YEAR PERIOD - PTI