Super Duper Bumper Short Term Stock
Buy Manaksia Steel at CMP of 26.8 - 27.2 and dips till 24
Sl 22
Targets:- 28 - 28.5 - 29 - 30 - 31 - 32+
Above 32 we can see 34 - 36
Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing
Buy Manaksia Steel at CMP of 26.8 - 27.2 and dips till 24
Sl 22
Targets:- 28 - 28.5 - 29 - 30 - 31 - 32+
Above 32 we can see 34 - 36
Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing
Short Term Bumper Call
Buy Maan Aluminum at CMP of 226 - 228 and dips till 216
Sl 205
Targets:- 233 - 236 - 238 - 241 - 245 - 250 - 255+
Above that we can see 270 - 288+
Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing
Buy Maan Aluminum at CMP of 226 - 228 and dips till 216
Sl 205
Targets:- 233 - 236 - 238 - 241 - 245 - 250 - 255+
Above that we can see 270 - 288+
Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing
India imports Gold and silver of 1000 tons every year. All this business will be coming on BSE and NSE platforms once they launch spot bullion exchange.
MCX will take a long time before it can find technology for spot exchange. Imagine 1000 tons of bullion trading every year between 2-3 exchanges.
BSE's trading platform and technology is far superior to the NSE.
The BSE is one of the fastest stock exchanges in the world with a response time of less than "6 microseconds." NSE's trading technology is having issues since it suffers frequent tech glitches as seen in the past few years.
In the short run, *when SEBI allows 100% shareholding in stock exchanges* there will be a huge rush to buy into BSE.
Other listed exchanges like the MCX and Indian Energy Exchange, which have far inferior or poor trading technology compared to the BSE, are richly valued.
*BSE is deeply undervalued at its current share price*.
*We expect the share to be at least 3x to 5x from the current market price by next year* before or around the time NSE files for its IPO.
*Remember, NSE Rs 2.5 lakh crore ( later expected to grow to Rs 4 lac crs ) m-cap company will be listed only on BSE since SEBI restricts listing anywhere else*.
BSE charges 1/10th of NSE's transaction charges in the equity segment as of now.
Even if it doubles or triples that, its annual profits will directly shoot-up sharply.
BSE has a subsidiary in Gujarat based GIFT City, which does billions of dollars worth of daily trading where NSE has not been able to compete.
BSE and NSE will be the two exchanges whenever Crypto Currency trading is allowed in India. That would be the ultimate asset to trade for the exchanges.
*BSE is debt free* and Govt. will never let it fall. It is for this reason that India's leading HNI Investors like Radhakishan Damani, Rakesh Jhunjhunwala and Kalparaj Dharamsee who are owning stake in NSE and MCX are now trying to corner stake in BSE.
Already, India's biggest discount broker *Zerodha officially owns more than 2% stake in BSE*, which it had acquired in 2020.
MCX will take a long time before it can find technology for spot exchange. Imagine 1000 tons of bullion trading every year between 2-3 exchanges.
BSE's trading platform and technology is far superior to the NSE.
The BSE is one of the fastest stock exchanges in the world with a response time of less than "6 microseconds." NSE's trading technology is having issues since it suffers frequent tech glitches as seen in the past few years.
In the short run, *when SEBI allows 100% shareholding in stock exchanges* there will be a huge rush to buy into BSE.
Other listed exchanges like the MCX and Indian Energy Exchange, which have far inferior or poor trading technology compared to the BSE, are richly valued.
*BSE is deeply undervalued at its current share price*.
*We expect the share to be at least 3x to 5x from the current market price by next year* before or around the time NSE files for its IPO.
*Remember, NSE Rs 2.5 lakh crore ( later expected to grow to Rs 4 lac crs ) m-cap company will be listed only on BSE since SEBI restricts listing anywhere else*.
BSE charges 1/10th of NSE's transaction charges in the equity segment as of now.
Even if it doubles or triples that, its annual profits will directly shoot-up sharply.
BSE has a subsidiary in Gujarat based GIFT City, which does billions of dollars worth of daily trading where NSE has not been able to compete.
BSE and NSE will be the two exchanges whenever Crypto Currency trading is allowed in India. That would be the ultimate asset to trade for the exchanges.
*BSE is debt free* and Govt. will never let it fall. It is for this reason that India's leading HNI Investors like Radhakishan Damani, Rakesh Jhunjhunwala and Kalparaj Dharamsee who are owning stake in NSE and MCX are now trying to corner stake in BSE.
Already, India's biggest discount broker *Zerodha officially owns more than 2% stake in BSE*, which it had acquired in 2020.
*BSE Ltd (First Target Rs 3000 second 5000 and then further upgrade CMP: Rs 910)*
*BSE is the biggest value investment of our times!!*
With a current market cap of only Rs *4,000 crore*, BSE Ltd. is one of the biggest value bets of our times. The stock could be an investors delight mainly for two reasons - *NSE IPO* and *SEBI allowing 100% ownership in stock exchanges*.
Stock exchange business is one with too many entry barriers, which is why only 2 exchanges i.e. the BSE and the NSE have succeeded in the past 70 years in India. All said and done any new asset where trading will be allowed in the country, it will be first done on the BSE and the NSE.
NSE has 90% higher volumes than the BSE in the equity markets. But it is extremely difficult to buy the exchange shares, since they are unlisted. Now, one can consider *BSE as an alternate bet* purely as it is highly undervalued at the current price levels.
Consider this:
NSE with an EPS of 72 and Net Profit of more than Rs 6000 crore will command a Price to Earnings (PE) multiple of at least 50 to 60.
NSE is one of the very few companies in the world with 80% EBITDA margins.
Considering that BSE gets only 10% value to NSE, which should be valued at around Rs 4 lakh crore in the next two years after listing, BSE's m-cap should be at least Rs 40000 crore in the coming years.
This since the stock exchange trading and business is only supposed to grow from here and foreign exchanges are waiting to buy stake in both the exchanges once SEBI allows 100% ownership.Considering these aspects the m-cap of NSE when it announces its IPO will be not less than RS 2.5 lakh crore (conservative estimates). And to rise to Rs 4blac crs in 2 years.
Already, the share price of NSE in unlisted markets has shot-up from Rs 1100 last year to around Rs 2600 currently.
Even at this price the exchange is valued around Rs 2 lakh crore. So, it is only natural that the NSE share price will still rally. You can check the m-cap of all the listed entities and big banks like HDFC or others with much higher profit.
So naturally NSE, which is a current monopoly in its business, should get at least 50-60 PE? This will ensure its m-cap is more than Rs 2.5 lakh crore at the time of IPO and to Rs 4 lac crs post IPO in 2 years.
There is no reversal on the earning graph for the exchanges due to the monopolistic business model where all the companies have to pay fees for listing apart from the fees on stocks traded.
*Why BSE?*
*BSE has a 26% stake in CDSL, India's largest share depository. Based on CDSL current m-cap of Rs 10,000 crore, BSE's stake in CDSL is valued more than Rs 2600 crore*. Cdsl too enjoying a business model of its own and only other player in NSDL. *CDSL valuation too likely to double which will add more value to BSE*.
*So BSE, at a current m-cap of Rs 4000 crore is dirt cheap since its brand , business and other assets are nearly free considering the share price*.
BSE will certainly cut its stake in CDSL at a much higher valuation after SEBI announces 100% ownership norms for stock market infrastructure institutions.
SEBI is likely to take that up in its next board meeting which will be held this month or next.
BSE is the only listed rival exchange to NSE in the equity segment. While it hugely lags the NSE in equity trading, BSE is a leader in the Mutual Fund transaction space with more than Rs 35,000 to Rs 40,000 crore worth of daily transactions.
BSE has 30-40% market share in the currency derivatives segment.
BSE is into Agri and crude oil trading and even bullion futures, all of which will give it a higher market-share than it currently holds.
Moreover, BSE is at the forefront of launching a dedicated Spot Gold Trading Exchange and Power Trading Exchange, which will go live this year and has huge potential.
Since these are new areas it will be easy for the BSE to corner higher market share.
*BSE is the biggest value investment of our times!!*
With a current market cap of only Rs *4,000 crore*, BSE Ltd. is one of the biggest value bets of our times. The stock could be an investors delight mainly for two reasons - *NSE IPO* and *SEBI allowing 100% ownership in stock exchanges*.
Stock exchange business is one with too many entry barriers, which is why only 2 exchanges i.e. the BSE and the NSE have succeeded in the past 70 years in India. All said and done any new asset where trading will be allowed in the country, it will be first done on the BSE and the NSE.
NSE has 90% higher volumes than the BSE in the equity markets. But it is extremely difficult to buy the exchange shares, since they are unlisted. Now, one can consider *BSE as an alternate bet* purely as it is highly undervalued at the current price levels.
Consider this:
NSE with an EPS of 72 and Net Profit of more than Rs 6000 crore will command a Price to Earnings (PE) multiple of at least 50 to 60.
NSE is one of the very few companies in the world with 80% EBITDA margins.
Considering that BSE gets only 10% value to NSE, which should be valued at around Rs 4 lakh crore in the next two years after listing, BSE's m-cap should be at least Rs 40000 crore in the coming years.
This since the stock exchange trading and business is only supposed to grow from here and foreign exchanges are waiting to buy stake in both the exchanges once SEBI allows 100% ownership.Considering these aspects the m-cap of NSE when it announces its IPO will be not less than RS 2.5 lakh crore (conservative estimates). And to rise to Rs 4blac crs in 2 years.
Already, the share price of NSE in unlisted markets has shot-up from Rs 1100 last year to around Rs 2600 currently.
Even at this price the exchange is valued around Rs 2 lakh crore. So, it is only natural that the NSE share price will still rally. You can check the m-cap of all the listed entities and big banks like HDFC or others with much higher profit.
So naturally NSE, which is a current monopoly in its business, should get at least 50-60 PE? This will ensure its m-cap is more than Rs 2.5 lakh crore at the time of IPO and to Rs 4 lac crs post IPO in 2 years.
There is no reversal on the earning graph for the exchanges due to the monopolistic business model where all the companies have to pay fees for listing apart from the fees on stocks traded.
*Why BSE?*
*BSE has a 26% stake in CDSL, India's largest share depository. Based on CDSL current m-cap of Rs 10,000 crore, BSE's stake in CDSL is valued more than Rs 2600 crore*. Cdsl too enjoying a business model of its own and only other player in NSDL. *CDSL valuation too likely to double which will add more value to BSE*.
*So BSE, at a current m-cap of Rs 4000 crore is dirt cheap since its brand , business and other assets are nearly free considering the share price*.
BSE will certainly cut its stake in CDSL at a much higher valuation after SEBI announces 100% ownership norms for stock market infrastructure institutions.
SEBI is likely to take that up in its next board meeting which will be held this month or next.
BSE is the only listed rival exchange to NSE in the equity segment. While it hugely lags the NSE in equity trading, BSE is a leader in the Mutual Fund transaction space with more than Rs 35,000 to Rs 40,000 crore worth of daily transactions.
BSE has 30-40% market share in the currency derivatives segment.
BSE is into Agri and crude oil trading and even bullion futures, all of which will give it a higher market-share than it currently holds.
Moreover, BSE is at the forefront of launching a dedicated Spot Gold Trading Exchange and Power Trading Exchange, which will go live this year and has huge potential.
Since these are new areas it will be easy for the BSE to corner higher market share.
*SAIL Q4FY21* BUMPER RESULT
Revenue: 23,284 Cr Vs. 16,171 Cr Vs. 19,135 Cr up by 44% YoY and 21.8% QoQ.
Net profit: 3,470 Cr Vs. 2,647 Cr Vs. 1,488 Cr up by 31% in YoY and 133% in QoQ
EPS: 8.40 Vs. 6.40 Vs. 3.55
OCF: 23,430 Cr Vs. (640 Cr) (Super)
Borrowing reduced by around INR 16k Cr (Approx) including long term borrowing of INR 14.8K Crs (Very Positive)
Dividend: INR 1.8 Per share
Revenue: 23,284 Cr Vs. 16,171 Cr Vs. 19,135 Cr up by 44% YoY and 21.8% QoQ.
Net profit: 3,470 Cr Vs. 2,647 Cr Vs. 1,488 Cr up by 31% in YoY and 133% in QoQ
EPS: 8.40 Vs. 6.40 Vs. 3.55
OCF: 23,430 Cr Vs. (640 Cr) (Super)
Borrowing reduced by around INR 16k Cr (Approx) including long term borrowing of INR 14.8K Crs (Very Positive)
Dividend: INR 1.8 Per share
Dodla Dairy Official Details
Issue Dates : 16-18 June
Issue Size : ₹ 520 Crore
Price Band : ₹ 421-428
Bid Lot Size : 35 Shares
Application Amount : ₹ 14,980
Retail Quota : 35%
Registrar - Kfintech
Number of Retail Applications : 1,21,537 Approx
Issue Dates : 16-18 June
Issue Size : ₹ 520 Crore
Price Band : ₹ 421-428
Bid Lot Size : 35 Shares
Application Amount : ₹ 14,980
Retail Quota : 35%
Registrar - Kfintech
Number of Retail Applications : 1,21,537 Approx
IGPL: Why it is potential 2x
Only 2 manufacturers of PAN in India ( DUOPOLY), Hence pricing power
PE Ratio 5xFY22EEPS Vs Industry average PE Ratio 31 Vs PE Ratio of 11 of nearest competitor
*IGPL: Quick snapshot*
TP: 1200
FY21Q4 EPS: ₹32.4 vs 9m EPS ₹28.7
FY22 estimated EPS: ₹125
₹600 crore greenfield expansion project announced by company which will *add 80,000 MTPA capacity of PAN *(currently at 2,22,110)*
₹40 crore project announced for *8,400 MTPA of advance plasticizers*
Government focus on *infrastructure spending* will lead to increase in demand for paints, plasticizers, etc
*Expecting Anti dumping duty on PAN* on Q1/Q2 which will lead to big surge in product prices. Imagine the kind of results company will then post (our estimate of FY22EEPS being conservative, we have not factored this in)
Only 2 manufacturers of PAN in India ( DUOPOLY), Hence pricing power
PE Ratio 5xFY22EEPS Vs Industry average PE Ratio 31 Vs PE Ratio of 11 of nearest competitor
*IGPL: Quick snapshot*
TP: 1200
FY21Q4 EPS: ₹32.4 vs 9m EPS ₹28.7
FY22 estimated EPS: ₹125
₹600 crore greenfield expansion project announced by company which will *add 80,000 MTPA capacity of PAN *(currently at 2,22,110)*
₹40 crore project announced for *8,400 MTPA of advance plasticizers*
Government focus on *infrastructure spending* will lead to increase in demand for paints, plasticizers, etc
*Expecting Anti dumping duty on PAN* on Q1/Q2 which will lead to big surge in product prices. Imagine the kind of results company will then post (our estimate of FY22EEPS being conservative, we have not factored this in)
Valued at USD 137 Billion, HDFC Bank has become the most valuable bank in the World., racing ahead of JP Morgan, HSBC and Citibank. The most valuable banks in the World are:
1. HDFC Bank - India
2. Wells Fargo (USA)
3. DBS Bank (USA)
4. BNP Paribas (France)
5. J P Morgan (USA)
6. Citibank (USA)
7. HSBC (U.K)
8. Barclays (UK)
9. Bank of America (USA)
10. Bank Santander (Spain)
Incidentally there is no Chinese bank in the top ten most valued banks in the World, whereas an Indian bank tops the list.
A really proud moment for all Indians and specially HDFC Bank 👏🏻👏🏻
1. HDFC Bank - India
2. Wells Fargo (USA)
3. DBS Bank (USA)
4. BNP Paribas (France)
5. J P Morgan (USA)
6. Citibank (USA)
7. HSBC (U.K)
8. Barclays (UK)
9. Bank of America (USA)
10. Bank Santander (Spain)
Incidentally there is no Chinese bank in the top ten most valued banks in the World, whereas an Indian bank tops the list.
A really proud moment for all Indians and specially HDFC Bank 👏🏻👏🏻
*Marico*
DABUR has initiated contempt proceeding in DELHI High Court for not complying with court order to change packaging of honey products,Safola honey says moneycontrol
DABUR has initiated contempt proceeding in DELHI High Court for not complying with court order to change packaging of honey products,Safola honey says moneycontrol
Tata Group Boosts E-Commerce Footprint With 1MG Acquisition
Tata Digital Ltd., a subsidiary of Tata Sons Ltd., has acquired a majority stake in digital health platform 1MG Technologies as part of its push to build an e-commerce venture in the country. “The investment in 1MG is in line with Tata Group’s vision of creating a digital ecosystem which addresses the consumer needs across categories in a unified manner,” the company said in a statement. E-pharmacy, e-diagnostics and tele-consultation, it said, are critical in digital ecosystem and have been among the fastest-growing segments as this enabled access to healthcare through the Covid-19 pandemic.
Tata Digital, however, didn’t disclose the investment amount. 1MG has three state-of-the-art diagnostics labs, a supply chain covering more than 20,000 pin codes across the country. And through its subsidiaries, it’s also engaged in the business-to-business distribution of medicines and other healthcare products.
The size of the overall healthcare marketplace, according to Tata Digital, is around $1 billion and is expected to grow at an annualised rate of about 50%, driven by increased health awareness among consumers and greater convenience. A couple of days ago, Tata Digital invested $75 million in fitness startup CureFit. It has also received the Competition Commission of India’s approval to acquire a majority stake in the nation’s largest online grocery platform, Big Basket.
Tata’s rival Reliance Industries Ltd., too, has made a similar but more aggressive approach to build its e-commerce business through a series of acquisitions, including, Saavn, Embibe, Grab and Fynd, among others. Reliance also forayed into the online pharmacy segment by acquiring Netmeds.
Tata Digital Ltd., a subsidiary of Tata Sons Ltd., has acquired a majority stake in digital health platform 1MG Technologies as part of its push to build an e-commerce venture in the country. “The investment in 1MG is in line with Tata Group’s vision of creating a digital ecosystem which addresses the consumer needs across categories in a unified manner,” the company said in a statement. E-pharmacy, e-diagnostics and tele-consultation, it said, are critical in digital ecosystem and have been among the fastest-growing segments as this enabled access to healthcare through the Covid-19 pandemic.
Tata Digital, however, didn’t disclose the investment amount. 1MG has three state-of-the-art diagnostics labs, a supply chain covering more than 20,000 pin codes across the country. And through its subsidiaries, it’s also engaged in the business-to-business distribution of medicines and other healthcare products.
The size of the overall healthcare marketplace, according to Tata Digital, is around $1 billion and is expected to grow at an annualised rate of about 50%, driven by increased health awareness among consumers and greater convenience. A couple of days ago, Tata Digital invested $75 million in fitness startup CureFit. It has also received the Competition Commission of India’s approval to acquire a majority stake in the nation’s largest online grocery platform, Big Basket.
Tata’s rival Reliance Industries Ltd., too, has made a similar but more aggressive approach to build its e-commerce business through a series of acquisitions, including, Saavn, Embibe, Grab and Fynd, among others. Reliance also forayed into the online pharmacy segment by acquiring Netmeds.
Sugar Stocks Extend Surge On Export Outlook, Ethanol Plan
Shares of sugar mills in India continued to rally, driven by an outlook for higher exports as well as the government’s move to advance a deadline on blending ethanol with gasoline.
Indian companies’ exports for the current sugar season that ends in Sept. will likely cross the target of 6m tons as lower contribution from Brazil and Thailand has resulted in a global supply deficit, Crisil wrote in a note dated June 9
Sugar companies’ operating profitability will improve 75-100 bps to 13%-14% this fiscal year, helped by higher sugar exports, the note said
Additionally, the stock of sweetener in the country is expected to decline to the lowest level in the past four sugar seasons, to 9m-9.5m tons this season, resulting in lower working capital borrowings
Shares of sugar mills in India continued to rally, driven by an outlook for higher exports as well as the government’s move to advance a deadline on blending ethanol with gasoline.
Indian companies’ exports for the current sugar season that ends in Sept. will likely cross the target of 6m tons as lower contribution from Brazil and Thailand has resulted in a global supply deficit, Crisil wrote in a note dated June 9
Sugar companies’ operating profitability will improve 75-100 bps to 13%-14% this fiscal year, helped by higher sugar exports, the note said
Additionally, the stock of sweetener in the country is expected to decline to the lowest level in the past four sugar seasons, to 9m-9.5m tons this season, resulting in lower working capital borrowings
JSW Steel May Crude Steel Production Rises 10% YoY
JSW Steel reported crude steel production for May of 1.37 million tonnes vs. 1.25 million YoY.
Flat-rolled products output rises 10% YoY to 999,000 tonnes
Long rolled products output rises 55% YoY to 309,000 tonnes
Capacity Utilisation at 91% in May
Co. supplied 30,000 tonnes of liquid oxygen for medical purposes in May vs 20,000 tonnes in April
JSW Steel reported crude steel production for May of 1.37 million tonnes vs. 1.25 million YoY.
Flat-rolled products output rises 10% YoY to 999,000 tonnes
Long rolled products output rises 55% YoY to 309,000 tonnes
Capacity Utilisation at 91% in May
Co. supplied 30,000 tonnes of liquid oxygen for medical purposes in May vs 20,000 tonnes in April