Tweet Buster: How a demerger can unlock value for ITC shareholders
https://economictimes.indiatimes.com/markets/stocks/news/tweet-buster-how-a-demerger-can-unlock-value-for-itc-shareholders/articleshow/83278855.cms
https://economictimes.indiatimes.com/markets/stocks/news/tweet-buster-how-a-demerger-can-unlock-value-for-itc-shareholders/articleshow/83278855.cms
The Economic Times
Tweet Buster: How a demerger can unlock value for ITC shareholders
In this edition of 'Tweet Buster' we look beyond memes on ITC to understand investing strategies to navigate the market.
Forwarded from Market Wizard
MARKET WIZARD NEWSLETTER ISSUE 13.pdf
2 MB
MARKET WIZARD NEWSLETTER ISSUE 13
Fundamental Stocks
▶️Lincoln Pharmaceuticals Ltd
▶️TV 18 Broadcast Ltd
▶️Triton Valves Ltd
▶️Cerebra Integrated Technologies Ltd
Technical Stocks
▶️Agri-Tech (India) Ltd
▶️Mazagon Dock Shipbuilders Ltd
▶️Sadbhav Engineering Ltd
▶️Simplex Infra Ltd - SPECIAL PICK
▶️Tera Software Ltd
TEAM MARKET WIZARD
Fundamental Stocks
▶️Lincoln Pharmaceuticals Ltd
▶️TV 18 Broadcast Ltd
▶️Triton Valves Ltd
▶️Cerebra Integrated Technologies Ltd
Technical Stocks
▶️Agri-Tech (India) Ltd
▶️Mazagon Dock Shipbuilders Ltd
▶️Sadbhav Engineering Ltd
▶️Simplex Infra Ltd - SPECIAL PICK
▶️Tera Software Ltd
TEAM MARKET WIZARD
Vijay Mallya's properties, securities worth Rs 5,600 crore to be auctioned: PNB https://www.timesnownews.com/business-economy/companies/article/vijay-mallyas-properties-securities-worth-rs-5600-crore-to-be-auctioned-pnb/766580
ETNowNews.com
Vijay Mallya's properties, securities worth Rs 5,600 crore to be auctioned: PNB
Punjab National Bank MD Mallikarjuna Rao said PMLA court has given the nod to sell assets belonging to Vijay Mallya to recover dues worth Rs 5,600 crore
PNB Q4 Result Update
Bad results posted on all fronts
NII and NIM came sharply lower
▫️ Net Interest Income at 6938 cr vs 8314 cr (-17% QoQ)
▫️NIM fell sharply to just 2.88% vs 3.09% (-21 bps QoQ). Massive decline
Highest ever Quarterly Slippages
▫️Fresh slippages at massive 24,172 cr vs 1,150 cr (+2000% QoQ)
▫️Massive Slippage ratio at 4.40% vs 1.09% (+331 bps QoQ)
▫️Credit Cost deteriorates further to 2.24% vs 2.05% (+19 bps QoQ)
Asset Quality Deteriorates Sharply
▫️Gross NPAs at 1,04,424 cr vs 94,479 cr (+11% QoQ)
▫️Gross NPA at 14.12% vs 12.99% (113 bps QoQ)
▫️Net NPAs at 38,576 cr vs 26,598 cr (+45% QoQ)
▫️Net NPA at 5.73% vs 4.03% (+170 bps QoQ)
Provision Coverage Ratio (PCR) Deteriorated Sharply
▫️PCR at 80.14% vs 85.16% (-502 bps QoQ)
Weak Loan Book. Huge Share of Sub-Standard Loans
▫️Sub-Standard loans at massive 22,980 cr vs 4,220 cr
▫️Sub-Standard loans at 3.11% vs 0.58% (+253% QoQ)
▫️Further 60,382 cr classified as Doubtful (Huge 8.2% of Loan Book)
▫️Huge SMA 2 accounts at 33,007 cr vs 15,078 cr (+119%). This indicates huge stress in loan books. Accounts likely to be classified as NPAs now.
▫️SMA 2 accounts at 4.46% vs 1.98% (+248 bps)
Banks Performance has deteriorated sharply and stock price is likely to collapse in coming days. Stock had run up sharply by 40% in anticipation of good results but with such pathetic performance and hugely stressed Loan Book, PNB is likely to collapse even more.
Bad results posted on all fronts
NII and NIM came sharply lower
▫️ Net Interest Income at 6938 cr vs 8314 cr (-17% QoQ)
▫️NIM fell sharply to just 2.88% vs 3.09% (-21 bps QoQ). Massive decline
Highest ever Quarterly Slippages
▫️Fresh slippages at massive 24,172 cr vs 1,150 cr (+2000% QoQ)
▫️Massive Slippage ratio at 4.40% vs 1.09% (+331 bps QoQ)
▫️Credit Cost deteriorates further to 2.24% vs 2.05% (+19 bps QoQ)
Asset Quality Deteriorates Sharply
▫️Gross NPAs at 1,04,424 cr vs 94,479 cr (+11% QoQ)
▫️Gross NPA at 14.12% vs 12.99% (113 bps QoQ)
▫️Net NPAs at 38,576 cr vs 26,598 cr (+45% QoQ)
▫️Net NPA at 5.73% vs 4.03% (+170 bps QoQ)
Provision Coverage Ratio (PCR) Deteriorated Sharply
▫️PCR at 80.14% vs 85.16% (-502 bps QoQ)
Weak Loan Book. Huge Share of Sub-Standard Loans
▫️Sub-Standard loans at massive 22,980 cr vs 4,220 cr
▫️Sub-Standard loans at 3.11% vs 0.58% (+253% QoQ)
▫️Further 60,382 cr classified as Doubtful (Huge 8.2% of Loan Book)
▫️Huge SMA 2 accounts at 33,007 cr vs 15,078 cr (+119%). This indicates huge stress in loan books. Accounts likely to be classified as NPAs now.
▫️SMA 2 accounts at 4.46% vs 1.98% (+248 bps)
Banks Performance has deteriorated sharply and stock price is likely to collapse in coming days. Stock had run up sharply by 40% in anticipation of good results but with such pathetic performance and hugely stressed Loan Book, PNB is likely to collapse even more.
Renuka Sugars is originally promoted by Narendra Murukumbi.
High debt + unnecessary acquisition of two brazilian companies followed by sugar downcycle + forex losses.. all have come together to make Renuka Sugars a sick and loss making company.
Later, NM sold his complete stake to Singapore based agri major Wilmar. Wilmar now holds 62.5% stake in the company. So Renuka is not old Renuka, its now controlled by Wilmar, the largest sugar co in the world. Renuka has highest ethanol capacity in India, higher than what Balrampur chini has, and has biggest sugar refinery in India.
Largest ethanol capacity + fully forward - integrated sugar unit + Sugar refinery located to near Port is what makes Renuka story interesting.
Banks own 18% in Renuka. ICICI Bank owns 9% and IDBI owns 6%... IDBI seen selling this stock in the recent past. Their acquisition cost is Rs 16 per share. Once selling by these banks is absorbed, stock can perform well.
Perception of Renuka Sugar will change once name of Shree Renuka Sugar changes to Wilmar Sugar co...
&
Most important thing abt Wilmar is that
Wilmar is THE LARGEST MARKET CAP LISTED ON SINGAPORE STOCK EXCHANGE....
&
Last year Wilmar came out with IPO in China...
& It's Wilmar China was HIGEST OVERSUCRIBED issue in China..it was oversubscriped by abt 1740 times...
High debt + unnecessary acquisition of two brazilian companies followed by sugar downcycle + forex losses.. all have come together to make Renuka Sugars a sick and loss making company.
Later, NM sold his complete stake to Singapore based agri major Wilmar. Wilmar now holds 62.5% stake in the company. So Renuka is not old Renuka, its now controlled by Wilmar, the largest sugar co in the world. Renuka has highest ethanol capacity in India, higher than what Balrampur chini has, and has biggest sugar refinery in India.
Largest ethanol capacity + fully forward - integrated sugar unit + Sugar refinery located to near Port is what makes Renuka story interesting.
Banks own 18% in Renuka. ICICI Bank owns 9% and IDBI owns 6%... IDBI seen selling this stock in the recent past. Their acquisition cost is Rs 16 per share. Once selling by these banks is absorbed, stock can perform well.
Perception of Renuka Sugar will change once name of Shree Renuka Sugar changes to Wilmar Sugar co...
&
Most important thing abt Wilmar is that
Wilmar is THE LARGEST MARKET CAP LISTED ON SINGAPORE STOCK EXCHANGE....
&
Last year Wilmar came out with IPO in China...
& It's Wilmar China was HIGEST OVERSUCRIBED issue in China..it was oversubscriped by abt 1740 times...
GM jsk stock in news uttamsugar,praj, indiaglycol,relinfra,jktyre,hfcl,vimta,equitas small bank, hemisphere,anjel,adanipower,moil,cochinship,mazdock,ifgl,pvr,Inox,venkys, phoenix,tatamot,cadila,lnt. Negative stocks iol chem, jubiliant pharma,pnb. Nifty range 15600-15850.
*Good Morning*
• India Collected 1.03T Rupees as GST Amid Lockdowns in May
• India Central Bank Expands QE as Growth Seen Faltering
o Announces $16.4b bond-buying plan, among other steps
• India Consumer Confidence Drops to Record Low, RBI Survey Shows
• India Issues Final Warning to Twitter to Comply With New Rules
• Covid Crisis Drives IndiGo to Worse-Than-Expected Loss
o Indian carriers need $5 billion to survive, CAPA says
• Bitcoin-Based Lender Raises $25 Million as Loan Growth Soars
• India FX Reserves Will Help Tide Global Spillovers, RBI Says
• India Forex Reserves Rise $5.3b to $598.2b in Week to May 28
o India Official Reserves Rise to Record in May
• Two-Thirds of Mid-Size Cos Eligible for Debt Recast Now: Crisil
• Global LNG Demand Growth Advances as China Restocks Supplies
• India Cumulative Monsoon Rainfall 62% Above Normal June 4
• Global Funds Buy Net INR15B of India Stocks on June 4: NSE
o Domestic funds sell net 11.75b rupees of stocks
• Foreign Investors Buy Net INR11.9B of India Equities on June 3
• Foreigners Buy Net INR13B of India Equity Derivatives on June 4
• No Bubble in India’s Equity Markets, Sitharaman Tells Standard
• FM meets heads of insurers; stresses on faster claim settlement: PTI
• India likely to benefit from global minimum 15% corporate tax pact; foreign investments to continue: Experts: PTI
• PNB to Take Stake in India’s Asset Reconstruction Company: ET
• PNB eyes 3-fold rise in profit at nearly INR60B in FY’22: PTI
• India’s Paytm Sees 11% Drop in FY21 Revenues; Cuts Losses: Mint
• Axis Bank (AXSB): Axis Bank Says Report of Spandana Sphoorty Buy Speculative
• Dewan Housing Finance (DEWH): 4Q profit 967.8m rupees vs loss 76.3b y/y
• InterGlobe Aviation (INDIGO): 4Q net loss 11.5b rupees vs 8.71b year ago; revenue -26% to 63.6b
• Jubilant Pharmova Ltd (JUBLPHAR): 4Q net income 2.14b rupees; revenue 15.8b; Div/SHR 5 Rupees
• MOIL Ltd. (MOIL): 4Q net income 1.16b rupees vs 135m year ago; revenue 4.5b rupees vs 2.49b
• Punjab National (PNB): 4Q net income 5.86b rupees vs. loss 6.97b y/y, misses est. 6.27b; Gross NPA 14.1% vs. 13.0% q/q
• Va Tech Wabag (VATW): 4Q group net income 465.3m vs 304.7m y/y; revenue 9.99b rupees vs 7.85b
• India Collected 1.03T Rupees as GST Amid Lockdowns in May
• India Central Bank Expands QE as Growth Seen Faltering
o Announces $16.4b bond-buying plan, among other steps
• India Consumer Confidence Drops to Record Low, RBI Survey Shows
• India Issues Final Warning to Twitter to Comply With New Rules
• Covid Crisis Drives IndiGo to Worse-Than-Expected Loss
o Indian carriers need $5 billion to survive, CAPA says
• Bitcoin-Based Lender Raises $25 Million as Loan Growth Soars
• India FX Reserves Will Help Tide Global Spillovers, RBI Says
• India Forex Reserves Rise $5.3b to $598.2b in Week to May 28
o India Official Reserves Rise to Record in May
• Two-Thirds of Mid-Size Cos Eligible for Debt Recast Now: Crisil
• Global LNG Demand Growth Advances as China Restocks Supplies
• India Cumulative Monsoon Rainfall 62% Above Normal June 4
• Global Funds Buy Net INR15B of India Stocks on June 4: NSE
o Domestic funds sell net 11.75b rupees of stocks
• Foreign Investors Buy Net INR11.9B of India Equities on June 3
• Foreigners Buy Net INR13B of India Equity Derivatives on June 4
• No Bubble in India’s Equity Markets, Sitharaman Tells Standard
• FM meets heads of insurers; stresses on faster claim settlement: PTI
• India likely to benefit from global minimum 15% corporate tax pact; foreign investments to continue: Experts: PTI
• PNB to Take Stake in India’s Asset Reconstruction Company: ET
• PNB eyes 3-fold rise in profit at nearly INR60B in FY’22: PTI
• India’s Paytm Sees 11% Drop in FY21 Revenues; Cuts Losses: Mint
• Axis Bank (AXSB): Axis Bank Says Report of Spandana Sphoorty Buy Speculative
• Dewan Housing Finance (DEWH): 4Q profit 967.8m rupees vs loss 76.3b y/y
• InterGlobe Aviation (INDIGO): 4Q net loss 11.5b rupees vs 8.71b year ago; revenue -26% to 63.6b
• Jubilant Pharmova Ltd (JUBLPHAR): 4Q net income 2.14b rupees; revenue 15.8b; Div/SHR 5 Rupees
• MOIL Ltd. (MOIL): 4Q net income 1.16b rupees vs 135m year ago; revenue 4.5b rupees vs 2.49b
• Punjab National (PNB): 4Q net income 5.86b rupees vs. loss 6.97b y/y, misses est. 6.27b; Gross NPA 14.1% vs. 13.0% q/q
• Va Tech Wabag (VATW): 4Q group net income 465.3m vs 304.7m y/y; revenue 9.99b rupees vs 7.85b
*SGX Nifty +75 pts (15774) from last trade 15699 ,*
Nikkei +135 pts ,
Hangseng +67 pts ,
Now @6.52am .
Dow +179.35 pts ,Nsdq +199.98 pts, S&P
+37.04 pts, , Bovespa +524 pts , Ftse +4 pts , Dax +60 pts , Cac +7 pts , Crude @ $69.65 brl (+0.03), Brent @ $71.88 brl (-0.01) , Gold @ 1891.50 (-0.50), Silver @ $27.87 (-0.03), Euro @ $1.2168, JPY @ $109.60, INR @ 72.865
*Today's Corporate Action*
*7th Jun Ex Date*
JAYBARMARU
Bonus issue 1:1
NELCO
Dividend - Rs. - 1.2000
*Today's Key Results/Board Meetings*
*7-Jun-21*
AMNPLST
Dividend;Audited Results
ARCHITORG
Audited Results;Quarterly Results
ASRL
General;Audited Results;Quarterly Results
BSL
Final Dividend;Audited Results
CENTRALBK
Audited Results
DML
General;Audited Results
FAIRCHEMOR
Dividend;Audited Results
FRONTSP
Audited Results
GRAVISSHO
Audited Results
JAYATMA
Quarterly Results
JPTRLES
General;Audited Results
MOLDTEK
Final Dividend;Audited Results
MRF
Final Dividend;Audited Results
NKIND
Audited Results
SEAMECLTD
Audited Results
SHREEPUSHK
Dividend;Issue Of Warrants;Audited Results
VICTMILL
Final Dividend;General;Audited Results
*Stock under F&O ban on NSE*
*7-Jun-21*
1IBULHSGFIN
2PNB
3SAIL
4SUNTV
Nikkei +135 pts ,
Hangseng +67 pts ,
Now @6.52am .
Dow +179.35 pts ,Nsdq +199.98 pts, S&P
+37.04 pts, , Bovespa +524 pts , Ftse +4 pts , Dax +60 pts , Cac +7 pts , Crude @ $69.65 brl (+0.03), Brent @ $71.88 brl (-0.01) , Gold @ 1891.50 (-0.50), Silver @ $27.87 (-0.03), Euro @ $1.2168, JPY @ $109.60, INR @ 72.865
*Today's Corporate Action*
*7th Jun Ex Date*
JAYBARMARU
Bonus issue 1:1
NELCO
Dividend - Rs. - 1.2000
*Today's Key Results/Board Meetings*
*7-Jun-21*
AMNPLST
Dividend;Audited Results
ARCHITORG
Audited Results;Quarterly Results
ASRL
General;Audited Results;Quarterly Results
BSL
Final Dividend;Audited Results
CENTRALBK
Audited Results
DML
General;Audited Results
FAIRCHEMOR
Dividend;Audited Results
FRONTSP
Audited Results
GRAVISSHO
Audited Results
JAYATMA
Quarterly Results
JPTRLES
General;Audited Results
MOLDTEK
Final Dividend;Audited Results
MRF
Final Dividend;Audited Results
NKIND
Audited Results
SEAMECLTD
Audited Results
SHREEPUSHK
Dividend;Issue Of Warrants;Audited Results
VICTMILL
Final Dividend;General;Audited Results
*Stock under F&O ban on NSE*
*7-Jun-21*
1IBULHSGFIN
2PNB
3SAIL
4SUNTV
https://mybs.in/2Zf5Gvn Value of Indias top 100 brands up 2% in 2021; Tata Group most valuable
Business-Standard
Value of India's top 100 brands up 2% in 2021; Tata Group most valuable
Among the brands that came on the top of the list include Tata Group, Reliance Industries, and Mahindra Group
*Economic Times*
*Business Standard*
Ø 'Indian consumer confidence hits record low in May 2021 amid COVID second wave': RBI survey
Ø SIDBI invites bids from consultants to help set up Rs 20,000 cr NaBFID
Ø India slips two spots on 17 SDGs adopted: Report
Ø Biden reinvigorates tariff war against India with retaliation against digital tax
Ø Labour codes on the cards: Cos' PF liability to go up, workers to see reduction in take-home pay
Ø India likely to benefit from global minimum 15% corporate tax pact
Ø Reckitt Benckiser to sell China baby-formula business in $2.2-bn deal
Ø AMC Entertainment drama is exposing risks in $11 trillion world of indexing
Ø Private equity firms in deal to acquire Medline for about $34 billion
Ø DHFL back in the black, posts Rs 97-crore net profit in March quarter
Ø No green shoots: New investment projects fall in FY21, lowest since FY05
Ø India continues to be one of stronger markets among Asian Ems: Ritu Arora
*Business Line*
*Mint*
Ø ICDs: Concor to lease Railway land for 35 years in ₹3,500-cr deal
Ø Debt scheme redemptions: SEBI to charge key officials of Franklin MF with fraud
Ø Bombay Burmah to exit plantations business
Ø In a turnaround, FPI buy stocks worth ₹7,967 cr
Ø Digital piracy rises amid pandemic; original content creators lose money: EY
Ø Franklin Templeton investors to get ₹3,205 cr in fourth tranche
Ø DHFL resolution case: NCLT to pass order on Monday
Ø Yellen says higher interest rates would be ‘plus’ for US, Federal Reserve
Ø Paytm to lend founder Sharma’s firms ₹743 crore ahead of IPO
Ø RIL’s startups step in to limit covid-19 damage, boost business
*Financial Express*
*Business World*
Ø Second COVID-19 wave not to impact India’s agri sector in any way: Niti Aayog
Ø G-7 nations sign key pact to make tech giants pay fair taxes
Ø Power Crisis: Despite PFC-REC loan, discoms’ dues rise 8% at April-end
Ø Ebixcash Ropes In Economist SP Kothari to its Board Of Directors
Ø Reliance Infra Board Approves Raising Up To Rs 550.56 Cr Via Preferential Allotment
*Business Standard*
Ø 'Indian consumer confidence hits record low in May 2021 amid COVID second wave': RBI survey
Ø SIDBI invites bids from consultants to help set up Rs 20,000 cr NaBFID
Ø India slips two spots on 17 SDGs adopted: Report
Ø Biden reinvigorates tariff war against India with retaliation against digital tax
Ø Labour codes on the cards: Cos' PF liability to go up, workers to see reduction in take-home pay
Ø India likely to benefit from global minimum 15% corporate tax pact
Ø Reckitt Benckiser to sell China baby-formula business in $2.2-bn deal
Ø AMC Entertainment drama is exposing risks in $11 trillion world of indexing
Ø Private equity firms in deal to acquire Medline for about $34 billion
Ø DHFL back in the black, posts Rs 97-crore net profit in March quarter
Ø No green shoots: New investment projects fall in FY21, lowest since FY05
Ø India continues to be one of stronger markets among Asian Ems: Ritu Arora
*Business Line*
*Mint*
Ø ICDs: Concor to lease Railway land for 35 years in ₹3,500-cr deal
Ø Debt scheme redemptions: SEBI to charge key officials of Franklin MF with fraud
Ø Bombay Burmah to exit plantations business
Ø In a turnaround, FPI buy stocks worth ₹7,967 cr
Ø Digital piracy rises amid pandemic; original content creators lose money: EY
Ø Franklin Templeton investors to get ₹3,205 cr in fourth tranche
Ø DHFL resolution case: NCLT to pass order on Monday
Ø Yellen says higher interest rates would be ‘plus’ for US, Federal Reserve
Ø Paytm to lend founder Sharma’s firms ₹743 crore ahead of IPO
Ø RIL’s startups step in to limit covid-19 damage, boost business
*Financial Express*
*Business World*
Ø Second COVID-19 wave not to impact India’s agri sector in any way: Niti Aayog
Ø G-7 nations sign key pact to make tech giants pay fair taxes
Ø Power Crisis: Despite PFC-REC loan, discoms’ dues rise 8% at April-end
Ø Ebixcash Ropes In Economist SP Kothari to its Board Of Directors
Ø Reliance Infra Board Approves Raising Up To Rs 550.56 Cr Via Preferential Allotment
World Markets
Dow + 179
Nasdaq + 200
Dax + 60
Nikkei + 103
Hangseng - 60
Sgxnifty + 69 (15768)
Brent Crude 72.15
Dow Fut - 32
Dollar Index 90.16
Dow + 179
Nasdaq + 200
Dax + 60
Nikkei + 103
Hangseng - 60
Sgxnifty + 69 (15768)
Brent Crude 72.15
Dow Fut - 32
Dollar Index 90.16