LUPIN: CO GETS UK MARKETING AUTHORIZATION FOR GENERIC FOSTAIR
FOSTAIR HAD 18 BILLION SALES

LAURUS LABS: CO PROMOTER RELEASES PLEDGE 1.7M SHARES OR 0.32% STAKE ON 11TH JUNE

SHRIRAM TRANSPORT: CO RAISES RUPEES 19.99B VIA QIP ROUTE || BOARD ALSO APPROVES PREFERENTIAL ISSUE TO SHRIRAM CAPITAL (PROMOTER) FOR RUPEES 5B

INDIA (MAY) WPI INFLATION (YOY) ACTUAL: 12.94% VS 10.49% PREVIOUS; EST 13.40%

Sebi fines Santosh Kamath, Sanjay Sapre and other debt fund managers in Franklin case

https://economictimes.indiatimes.com/mf/mf-news/sebi-fines-santosh-kamath-sanjay-sapre-and-other-debt-fund-managers-in-franklin-case/articleshow/83513486.cms

Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21

Market Wizard
FREE EDUCATIONAL TELEGRAM CHANNEL

Disclaimer : This channel DOES NOT provide any stock market related advice or recommendation

All the posts appearing in the channel are only for educational and informational purposes.

ALL RIGHTS RESERVED !!!
https://t.me/marketswizard

Result Highlights

JK Cement Ltd.: Net Revenue at Rs. 2134.2 crore, Rs. 1545.7 crore YoY, Rs. 1832.7 crore QoQ (+38.1% YoY, +16.4% QoQ). EBITDA at Rs. 444.4 crore, Rs. 352.1 crore YoY, Rs. 450.3 crore QoQ (+26.2% YoY, -1.3% QoQ). EBITDA Margin at 20.8%, -196 bps YoY and -375 bps QoQ. Net Profit at Rs. 214.3 crore, Rs. 160.8 crore YoY, Rs. 217.3 crore QoQ (+33.3% YoY, -1.4% QoQ).

Anupam Rasayan India Ltd.: Net Revenue at Rs. 271.7 crore, Rs. 157.1 crore YoY, Rs. 184.1 crore QoQ (+73% YoY, +47.6% QoQ). EBITDA at Rs. 63.0 crore, Rs. 32.7 crore YoY, Rs. 53.4 crore QoQ (+92.5% YoY, +18.1% QoQ). EBITDA Margin at 23.2%, +235 bps YoY and +-580 bps QoQ. Net Profit at Rs. 22.1 crore, Rs. 10.4 crore YoY, Rs. 21.7 crore QoQ (+113.3% YoY, +2.3% QoQ). Ashika

Minda Industries Ltd.: Net Revenue at Rs. 2238.3 crore, Rs. 1339.0 crore YoY, Rs. 2031.2 crore QoQ (+67.2% YoY, +10.2% QoQ). EBITDA at Rs. 301.6 crore, Rs. -18.9 crore YoY, Rs. 278.9 crore QoQ (+8.1% QoQ). EBITDA Margin at 13.5%, +1489 bps YoY and +-26 bps QoQ. Net Profit at Rs. 142.4 crore, Rs. 18.9 crore YoY, Rs. 127.7 crore QoQ (+652.4% YoY, +11.4% QoQ).

VRL Logistics Ltd.: Net Revenue at Rs. 600.2 crore, Rs. 497.8 crore YoY, Rs. 563.4 crore QoQ (+20.6% YoY, +6.5% QoQ). EBITDA at Rs. 95.6 crore, Rs. 56.6 crore YoY, Rs. 98.8 crore QoQ (+68.9% YoY, -3.2% QoQ). EBITDA Margin at 15.9%, +456 bps YoY and +-160 bps QoQ. Net Profit at Rs. 37.2 crore, Rs. 2.1 crore YoY, Rs. 39.7 crore QoQ (+1637.3% YoY, -6.5% QoQ).

Capacite Infraprojects Ltd.: Net Revenue at Rs. 369.0 crore, Rs. 307.2 crore YoY, Rs. 305.8 crore QoQ (+20.1% YoY, +20.7% QoQ). EBITDA at Rs. 66.4 crore, Rs. 47.6 crore YoY, Rs. 54.6 crore QoQ (+39.5% YoY, +21.6% QoQ). EBITDA Margin at 18%, +250 bps YoY and +14 bps QoQ. Net Profit at Rs. 24.5 crore, Rs. 4.0 crore YoY, Rs. 15.3 crore QoQ (+507.4% YoY, +59.9% QoQ). Ashika

Care Ratings Ltd.: Net Revenue at Rs. 79.6 crore, Rs. 66.0 crore YoY, Rs. 55.6 crore QoQ (+20.6% YoY, +43.1% QoQ). EBITDA at Rs. 30.6 crore, Rs. 15.2 crore YoY, Rs. 18.3 crore QoQ (+101.7% YoY, +67.4% QoQ). EBITDA Margin at 38.4%, +1544 bps YoY and +557 bps QoQ. Net Profit at Rs. 26.5 crore, Rs. 15.7 crore YoY, Rs. 18.9 crore QoQ (+68.9% YoY, +39.9% QoQ).

Lumax Auto Technologies Ltd.: Net Revenue at Rs. 388.0 crore, Rs. 272.7 crore YoY, Rs. 365.2 crore QoQ (+42.3% YoY, +6.2% QoQ). EBITDA at Rs. 42.7 crore, Rs. 14.6 crore YoY, Rs. 38.0 crore QoQ (+192% YoY, +12.6% QoQ). EBITDA Margin at 11%, +565 bps YoY and +62 bps QoQ. Net Profit at Rs. 24.9 crore, Rs. 6.2 crore YoY, Rs. 25.4 crore QoQ (+299.1% YoY, -1.9% QoQ).

Indian Hume Pipe Company Ltd.: Net Revenue at Rs. 458.7 crore, Rs. 396.9 crore YoY, Rs. 279.9 crore QoQ (+15.6% YoY, +63.9% QoQ). EBITDA at Rs. 49.2 crore, Rs. 58.2 crore YoY, Rs. 28.9 crore QoQ (-15.4% YoY, +70.3% QoQ). EBITDA Margin at 10.7%, -393 bps YoY and 41 bps QoQ. Net Profit at Rs. 38.5 crore, Rs. 25.3 crore YoY, Rs. 4.4 crore QoQ (+51.7% YoY, +767.4% QoQ).

Securities in Ban For Trade Date 15-June-2021:


CANBANK
IBULLHSGFIN
NATIONALUM
PNB
SUNTV

*Added PNB*
*Deleted BHEL*

NSDL says accounts of foreign funds invested in Adani companies are not frozen

https://www.moneycontrol.com/news/business/markets/nsdl-says-accounts-of-foreign-funds-invested-in-adani-companies-are-not-frozen-7034331.html

*Coal India Ltd.* | *CMP* Rs. 159 | *M Cap* Rs. 98172 Cr | *52 W H/L* 165/110
(Nirmal Bang Retail Research)
*Result above expectation*
Revenue from Operations came at Rs. 26700.1 Cr (12.7% QoQ, -3.1% YoY) vs expectation of Rs. 26397 Cr, QoQ Rs. 23686 Cr, YoY Rs. 27568.2 Cr
Off-Take came at 164.9 mnt vs QoQ 153.5 mnt, YoY 164.3 mnt
Realisation stood at Rs. 1486.5 Cr vs QoQ Rs. 1414.2 Cr, YoY Rs. 1557.7 Cr
EBIDTA came at Rs. 6382.1 Cr (23.6% QoQ, -5.2% YoY) vs expectation of Rs. 5922.5 Cr, QoQ Rs. 5164.8 Cr, YoY Rs. 6728.9 Cr
EBITDA Margin came at 23.9% vs expectation of 22.4%, QoQ 21.8%, YoY 24.4%
EBITDA per tonne stood at Rs.387.1 vs QoQ Rs. 336.5, YoY Rs. 409.5
Adj. PAT came at Rs. 4586.8 Cr vs expectation of Rs. 4357 Cr, QoQ Rs. 3085.4 Cr, YoY Rs. 4638 Cr
Quarter EPS is Rs. 7.4
Share is trading at P/E of 7.1x FY22E EPS

*CARE Q4FY21 Concall Update*
(Nirmal Bang Securities)
*Outlook : Long Term Positive*
• Corporate bond issuances were at the highest levels at 7.63 lac cr (+12% YoY) and were tilted towards the finance sector.
• Co has a strong positioning in both the dominant areas of BFSI and Infra.
• Co has recruited many top management personnel some of which are Chief of Ratings, Chief of IT, CEO for analytics subsidiary.
• Co will try and increase its market share by doing the basics right and giving full freedom to ratings analysts without putting pressure on them, increase brand awareness by conducting industry webinars.
• Employee expenses which increased to runrate of 30cr during the qtr are likely to increase further with salary hikes in current year (from earlier range of 24-26cr per qtr).
• Rather than bank loan ratings, Care will target the bond markets and new products like Reits & Invits where competition is lower.
• Care believes wholesale credit growth will bounce back as few sectors are likely to face supply shortages.
• Atleast one third of the business should come from outside of ratings business in the next 3 years. This would be from advisory, risk solutions and analytics.

Stock is trading at P/E of 20x FY22E EPS

*SAGAR CEMENTS*
Board meet on July-1 to consider Stock Split

Current Face Value of Rs 10 each



*ROYAL_ORCHID_HOTELS*
Rating Agency ICRA Revises Outlook
From Stable To Negative; Rating Re-Affirmed

*DLINK_INDIA*
OHM INVESTMENT CORPORATION Bought 3 Lakh Shares Rs 121.57/ Share

*VGUARD_INDUSTRIES*
➖
Promoter CHITTILAPPILLY THOMAS KOCHUOUSEPH Sold 50 Lakh Shares

➕
Chunk Bought By SBI MUTUAL FUND

Bulk Deal as on 14-06-21

Asian Energy Service
- 2.50 Lk @ 112.07 Balram Chainrai

D-Link
+ 3 Lk @ 121.57 OHM Investment Corporation

Globus Spirits Ltd
- 2.66 Lk @ 393.23 Templeton Strategic Emerging Markets

V-Guard Ind
+ 50 Lk @ 265 Sbi Mutual Fund
- 50 Lk @ 265 Chittilappilly Thomas

Zensar Tech
+ 67.56 Lk @ 294.74 Dsp Mutual fund
+ 25.75 Lk @ 294.98 Goldman Sachs India Fund
+ 41.50 Lk @ 294.95 Nippon India Mutual Fund
- 2.57 Crore @ 295.16 Marina Holdco Ltd

Sources to @CNBC_Awaaz

Newgen Software promoters to sell 12% stake in co via block deals

Price range for block deal at Rs 440-454 per share (upto 4% discount)

Promoters to sell shares worth Rs 375 crores

JEFFERIES, Icici Sec said to be brokers to deal

*Indian Overseas Bank -S* | *CMP* Rs. 21 | *M Cap* Rs. 34682 Cr | *52 W H/L* 21/7
(Nirmal Bang Retail Research)
*Result is ok*
Net Interest Income came at Rs. 1403 Cr vs YoY Rs. 1532 Cr, QoQ Rs. 1522 Cr
Non Interest Income came at Rs. 2016 Cr vs YoY Rs. 1042 Cr, QoQ Rs. 1543 Cr
PBP came at Rs. 1724 Cr vs YoY Rs. 1144 Cr, QoQ Rs. 1731 Cr
Provisions came at Rs. 1380 Cr vs YoY Rs. 1060 Cr, QoQ Rs. 1514 Cr
Adj. PAT came at Rs. 350 Cr vs YoY Rs. 144 Cr, QoQ Rs. 213 Cr
PAT appears higher due to higher other income
Gross NPA came at Rs. 16323 Cr vs QoQ Rs. 16754 Cr at 11.69% vs QoQ 12.19%
Net NPA came at Rs. 4578 Cr vs QoQ Rs. 3905 Cr at 3.58% vs QoQ 3.13%
Quarter EPS is Rs. 0.2
Share is trading at 2.8x trailing P/Adj. BV

*Satin Creditcare Network Ltd. -S* | *CMP* Rs. 89 | *M Cap* Rs. 464 Cr | *52 W H/L* 113/42
(Nirmal Bang Retail Research)
*Result is ok*
NII came at Rs. 215.5 Cr vs YoY Rs. 240.8 Cr, QoQ Rs. 139.8 Cr
PBP came at Rs. 116.5 Cr vs YoY Rs. 128.7 Cr, QoQ Rs. 35.7 Cr
Provision came at Rs. 53.1 Cr vs YoY Rs. 111.8 Cr, QoQ Rs. 144.9 Cr
PAT came at Rs. 46.7 Cr vs YoY Rs. 12.5 Cr, QoQ Rs. -82 Cr
AUM came at Rs. 7275 Cr vs YoY Rs. 7220 Cr, QoQ Rs. 6907 Cr
Disbursement came at Rs. 2376 Cr vs YoY Rs. 2516 Cr, QoQ Rs. 1624 Cr
Gross NPA came at Rs. 611.1 Cr vs QoQ Rs. 663.1 Cr at 8.4% vs QoQ 9.6%
Net NPA came at Rs. 240.1 Cr vs QoQ Rs. 269.4 Cr at 3.3% vs QoQ 3.9%
Quarter EPS is Rs. 9
Share is trading at P/E of 0.5x FY22E EPS & 0.3x trailing P/BV

World Markets

Dow - 86
Nasdaq + 105
Dax - 20
Nikkei + 243
Hangseng - 79
Sgxnifty + 8 (15844)
Brent Crude 73.36
Dow Fut + 13
Dollar Index 90.48

Stocks To Watch

JSW Ispat Special Products: Promoter AION Investments Private II Ltd to sell up to 9.94 crore shares, representing 21.18% of the total equity share capital through an offer for sale. The floor price of Rs 27 per share is at a discount of 52.92% to Monday’s closing price. The OFS opens for non-retail investors today and for retail investors tomorrow.

SBI Cards and Payment Services: Approved allotment of 5,000 unsecured NCDs of Rs 10 lakh each aggregating to Rs 500 crore on a private placement basis. The coupon rate is fixed at 5.55% per annum for a period of 3 years.

Care Rating: Securities Appellate Tribunal has reduced the Rs 1 crore penalty imposed by SEBI in 2020 to Rs 10 lakh. SEBI after conducting adjudication proceedings in relation to credit ratings assigned to one of the customers had imposed a penalty on the company.

Clariant Chemicals (India): Clariant AG has agreed to sell its pigments business to Heubach Group and SK Capital Partners at an enterprise value of CHF 805 million to CHF 855 million on a cash and debt-free basis. Clariant will reinvest to become a 20% shareholder alongside Heubach and SK Capital in the ultimate holding company. The sale is
expected to be completed in the first half of 2022.

NHPC: Signed an MoU with Bihar State Hydro-Electric Power Corporation for execution of 130.1 MW Dagmara HE Project in the state on ownership basis. The state government will provide a grant of Rs 700 crore for the project.

Zuari Agro Chemicals: Resumed production at Ammonia and Urea Plants at Zuarinagar in Goa on June 13.

Can Fin Homes: National Housing Bank has imposed a penalty of Rs 29.13 lakh plus applicable GST at 18%. The company had accepted individual deposits aggregating to Rs 14.56 lakh from five small depositors for a period of fewer than 12 months, in contravention of para 4 of the HFCs (NHB) Directions.

Ashiana Housing: Entered into a development agreement for developing a residential project with a saleable area of 8,95,000 sq. ft. in Pune on a revenue-sharing basis.

Sagar Cements: To consider a proposal to sub-divide the face value of the equity shares from Rs 10 each into an appropriate amount on July 1.

Karur Vysya Bank: Revised its Base Rate to 8.45% from 8.25%. BPLR rate changed from 13.25% to 13.45%.

Power Finance Corporation: Incorporated Mohanlalganj Transmission as a wholly-owned subsidiary of PFC Consulting for the development of a transmission scheme associated with the construction of 400/220/132kV GIS Substation at Mohanlalganj in Lucknow.

Axis Bank: Says GIC seeks reclassify change to public category from promoter

Earnings: Jubilant FoodWorks, LIC Housing Finance, Power Finance Corporation, Lemon Tree Hotels, Whirlpool of India, Easy Trip Planners, BLS International Services, Centum Electronics, Entertainment Network (India), Spencers Retail

Pledge Share Details

Apollo Tyres: Promoter PTL Enterprises bought 1.42 lakh shares between June 2-9.

Gati: Promoter TCI Finance invoked pledge of 25,000 shares on June 10.

JSW Holdings: Promoter OPJ Trading revoked pledge of 1.17 lakh shares on June 9.

Laurus Labs: Promoter Chunduru Rao revoked pledge of 17 lakh shares on June 11.

Max Financial Services: Promoter Max Ventures Investment revoked pledge of 33.54 lakh shares between June 10-14.

SMC Global Securities: Promoter Pulin Investments created a pledge of 5 lakh shares between April 1 and June 14.

Insider Trades

Adani Green Energy: Promoter Infinite Trade and Investment bought 15 lakh shares on June 11.

Accelya Solutions India: Promoter Accelya Group Bidco sold 21.81 lakh shares between June 10-11.

Shree Pushkar Chemicals & Fertilisers: Promoter Gautam Makharia bought 19,083 shares on June 10.

Valiant Organics: Promoter Hemchand Gala sold 1,153 shares on June 11.

Westlife Development: Promoter Makino Holdings sold 13.15 lakh shares between June 9-11

Who’s Meeting Whom

Mahindra Logistics: To meet BOB Caps on June 15.

Radico Khaitan: To meet Principal AMC on June 17.

Tata Motors: To meet Capital International on June 15 and Capital World on June 18.

Max Healthcare Institute: To meet Spark Capital on June 15, Edelweiss Wealth on June 16 and HDFC Securities and Goldman Sachs (India) Securities on June 17.

Manappuram Finance: To meet Abu Dhabi Investment Authority on June 17