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

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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

Trading Tweaks

Ex-Date AGM: Bil Energy Systems, PIL Italica Lifestyle Record Date

Final Dividend: The Indian Hotels Company

Price Band Revised From 10% To 5%: Future Enterprises

Price Band Revised From 20% To 10%: Alok Industries, Deepak Fertilizers And Petrochemicals Corporation, eClerx Services, Fairchem Organics, Godawari Power & Ispat, Novartis India,

Move Into Short-Term ASM Framework: Alok Industries, Skipper, Jaiprakash Power Ventures, Future Consumer

Move Out Of Short-Term ASM Framework: Emami Paper Mills, Take Solutions, The Investment Trust Of India, Godawari Power & Ispat

Move Into ASM Framework: eClerx Services, Reliance Capital, Gateway Distriparks, Reliance Infrastructure, Hinduja Global Solutions

Money Market Update

The rupee ended at 73.27 against the U.S. Dollar on Monday as compared to Friday's closing of 73.06.

╭───────────────────╮
🌄 *S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴ : 15 Jun/ज्येष्ठ मासा (Tuesday) ग्रीष्म ऋतू*🙏🏻
╰───────────────────╯
*Today's top News* ➣➣➣➣➣➣➣➣➣➣44➣➣➣➣

1. PM Modi me with Union ministers, including Rajnath Singh and Nitin Gadkari, along with BJP president JP Nadda. PM Modi holding in-person meetings with Union ministers apparently to take stock of the work done by the government in the last two years and to discuss various issues.

2 *West Bengal extends COVID-19 lockdown till July 1.* However, additional relaxations will be allowed. E passes will be required for travel. Games and sports can resume without spectators.

3. Defence Research & Development Organisation (DRDO) Chairman Dr C Satish Reddy said that, total of 850 oxygen plants are being set up in various districts of the country from Prime Minister Cares Fund to fight the pandemic COVID-19.

4. Kerala CM Pinarayi Vijayan said that the lockdown strategy of COVID-19 in Kerala would change from June 16 & would be implemented region-wise based on the situation.

5. Heavy rains with thunderstorm & strong winds, lashed Mumbai leading to disruption of train and bus services as tracks and roads got waterlogged at several locations.

6. All India Institute of Medical Sciences (AIIMS) in Delhi will start recruitment for Covaxin clinical trials today onwards for the children who are in the age group of 6-12 years. Clinical trials of children of the 2-6 age group will start after that. The trial on children has already started at AIIMS, Patna to see if the Bharat Biotech jab is suitable for children.

7. *A Pune-based start-up firm, Thincr Technologies India Pvt Ltd , has developed an 3D-printed Masks coated with anti-viral agents called virucides*

8. Himachal government opened up its borders for tourists without RT-PCR negative report resulting in a huge rush into the state particularly the capital Shimla. The State Govt also cautioned tourists to observe covid guidelines strictly. The first-time offenders will be fined Rs 500 while repeated offenders may be sentenced to eight days imprisonment.

9. *Delhi bans certain soaps, detergents to curb pollution in Yamuna* : The National Green Tribunal had in January accepted recommendations of a two-member expert panel which had suggested directing the Delhi government to issue orders "prohibiting sale, storage and transportation and marketing of detergents which do not conform to the revised BIS standards.

10. Telangana CM K Chandrasekhar Rao distributed 32 brand new cars ach valued at around Rs 30 lakh, to for Additional Collectors to facilitate the visit of the Additional Collectors to villages, However, the state government came under Opposition's fire for purchasing a fleet of luxury cars in the state amid the ongoing Covid-19 crisis.

11. BSE Sensex, NSE to suspend trading in Dewan Housing Finance Corporation Ltd (DHFL) shares. DHFL was the first finance company to be referred to the NCLT by RBI using special powers under Section 227 of the IBC.

12. Delhi's IGI airport receives hoax bomb threat, caller held Akash Deep in police custody.

13. SpiceJet informed its passengers that no mandatory RT-PCR negative test report was required for passengers travelling to Delhi from Maharashtra, Telangana and Andhra Pradesh.

14. On actor Sushant Singh Rajput's first death anniversary, Bollywood stars, united by grief, poured their hearts out on social media.

15. Kannada actor Sanchari Vijay (38) declared brain dead, his organs to be donated. Vijay had sustained serious head injuries after he met with an accident when he had gone out to buy medicines with his friend on a two-wheeler.

16. The terror attack at Sopore, J&K was carried out by two Lashkar-e-Tayiba terrorists, investigations have found. The terrorists were identified by the police as Fayaz War and Mudasir Pandit.