Kaunda was a leader of the campaign that ended British colonial rule and he became Zambia's first democratically elected president in 1964. He led the country, which became a one-party state, until 1991.
*๐ฃ๐ด๐๐๐Sports:*
1. *ICC World Test Championship Final, 2021* : Team India yesterday evening announced their Playing XI for the World Test Championship final against New Zealand, which will be played in Southampton from Friday.
2. *Spanish Tennis stalwart Rafael Nadal on 17 June pulled out of the Wimbledon 2021 Championships and the Tokyo Olympics*. Rafael Nadal took to his Twitter shared a detailed statement regarding his massive decision and cited the short time interval between the recently concluded French Open and the upcoming Wimbledon Championships as the reason. Rafael Nadal lost to Novak Djokovic at the French Open 2021 semifinal.
3. The Womenโs Test Cricket, India were 167 for 1 in their first innings against England on the second day on Thursday 17 June.
*๎ฏUSD 72.62 ๐ทGBP 103.00*
_In Kolkata(WB)_
*๐ฅGold โน49,040ยฉ10 gm 24 (Krt)*
๐ฅ *Silver โน70,300ยฉKg*
โฝ *Petrol โน 96.58*
โฝ *Diesel โน 90.25*
*LPG : โน 835.50/14.2 Kg*
*BSE Sensex* 52,323.33
*NIFTY* : 15,691.40
โโโฅโโโ โโคโโโก
*๐ฎ๐ณFacts about India๐ฎ๐ณ*
Bal Gangadhar Tilak or
Keshav Gangadhar Tilak, was an Indian nationalist, teacher, social reformer, lawyer and an independence activist. He was the first leader of the Indian Independence Movement. The British colonial authorities called him "The father of the Indian unrest."
*๐Thought of the day๎*
Great minds discuss ideas; average minds discuss events; small minds discuss people.โ
*๎ Joke of the day๎ *
*Judge* : Y Uโve stolen money 4m dis man?
*Pappu* : My lord Iโve nt stolen money. He jst gave it 2 me
*Judge* : When did he give U money ?
*Pappu* : Whn I showd him gun ๐ซ
*๐ณWhyโโโ*
*Why are China and India fighting in Himalayas?*
After the bloody war between Pakistan and India in 1947 resulted in the partition of that region, the border between China and India was left ill-defined.
The main cause of the war was a dispute over the sovereignty of the widely separated Aksai Chin and Arunachal Pradesh border regions. Aksai Chin, claimed by India to belong to Kashmir and by China to be part of Xinjiang, contains an important road link that connects the Chinese regions of Tibet
The Border between India-China marked *The McMahon line*(550 mike), but China never formally accepted it. India and China went to war over it in 1962 in which India was lost. China capture some part of India and Military border emerged *The Line of Actual Control,* was decided.
Army face to face at many points along the 3,440km (2,100-mile) shared border. Here the two countriesโ soldiers are not allowed to carry guns in the area.
Now recently a special status granted to Jammu and Kashmir, and the splitting of the former Indian state into two territories made China to worry about China to Pakistan economic corridor & building of infrastructure for free movement.
India already finished a new all-weather road that runs very close to the Line of Actual Control (LAC). The purpose of this road is to support troops along the border allowing them to be resupplied by road from Daulat Beg Oldi, the world's highest airfield which is an advantage to Indian troops.
The location of the latest confrontation, the Galwan Valley inside the Indian territory. China has eyed the Galwan valley since 1950s. The Galwan river was one of the battle-fronts during 1962 war through which China enforced a new status quo in Ladakh. It was also the location of the dispute which kicked off the 1962 war. Now China had already moved large numbers of troops and armaments to the region.
*What next?*
The conflict has enormous geopolitical consequences for the world. China and India are the two most populous nations on earth, and both are nuclear powers. They are led by governments run strongly along nationalist lines, and whose militaries are seen as markers of national status and pride.
*๐ฃ๐ด๐๐๐Sports:*
1. *ICC World Test Championship Final, 2021* : Team India yesterday evening announced their Playing XI for the World Test Championship final against New Zealand, which will be played in Southampton from Friday.
2. *Spanish Tennis stalwart Rafael Nadal on 17 June pulled out of the Wimbledon 2021 Championships and the Tokyo Olympics*. Rafael Nadal took to his Twitter shared a detailed statement regarding his massive decision and cited the short time interval between the recently concluded French Open and the upcoming Wimbledon Championships as the reason. Rafael Nadal lost to Novak Djokovic at the French Open 2021 semifinal.
3. The Womenโs Test Cricket, India were 167 for 1 in their first innings against England on the second day on Thursday 17 June.
*๎ฏUSD 72.62 ๐ทGBP 103.00*
_In Kolkata(WB)_
*๐ฅGold โน49,040ยฉ10 gm 24 (Krt)*
๐ฅ *Silver โน70,300ยฉKg*
โฝ *Petrol โน 96.58*
โฝ *Diesel โน 90.25*
*LPG : โน 835.50/14.2 Kg*
*BSE Sensex* 52,323.33
*NIFTY* : 15,691.40
โโโฅโโโ โโคโโโก
*๐ฎ๐ณFacts about India๐ฎ๐ณ*
Bal Gangadhar Tilak or
Keshav Gangadhar Tilak, was an Indian nationalist, teacher, social reformer, lawyer and an independence activist. He was the first leader of the Indian Independence Movement. The British colonial authorities called him "The father of the Indian unrest."
*๐Thought of the day๎*
Great minds discuss ideas; average minds discuss events; small minds discuss people.โ
*๎ Joke of the day๎ *
*Judge* : Y Uโve stolen money 4m dis man?
*Pappu* : My lord Iโve nt stolen money. He jst gave it 2 me
*Judge* : When did he give U money ?
*Pappu* : Whn I showd him gun ๐ซ
*๐ณWhyโโโ*
*Why are China and India fighting in Himalayas?*
After the bloody war between Pakistan and India in 1947 resulted in the partition of that region, the border between China and India was left ill-defined.
The main cause of the war was a dispute over the sovereignty of the widely separated Aksai Chin and Arunachal Pradesh border regions. Aksai Chin, claimed by India to belong to Kashmir and by China to be part of Xinjiang, contains an important road link that connects the Chinese regions of Tibet
The Border between India-China marked *The McMahon line*(550 mike), but China never formally accepted it. India and China went to war over it in 1962 in which India was lost. China capture some part of India and Military border emerged *The Line of Actual Control,* was decided.
Army face to face at many points along the 3,440km (2,100-mile) shared border. Here the two countriesโ soldiers are not allowed to carry guns in the area.
Now recently a special status granted to Jammu and Kashmir, and the splitting of the former Indian state into two territories made China to worry about China to Pakistan economic corridor & building of infrastructure for free movement.
India already finished a new all-weather road that runs very close to the Line of Actual Control (LAC). The purpose of this road is to support troops along the border allowing them to be resupplied by road from Daulat Beg Oldi, the world's highest airfield which is an advantage to Indian troops.
The location of the latest confrontation, the Galwan Valley inside the Indian territory. China has eyed the Galwan valley since 1950s. The Galwan river was one of the battle-fronts during 1962 war through which China enforced a new status quo in Ladakh. It was also the location of the dispute which kicked off the 1962 war. Now China had already moved large numbers of troops and armaments to the region.
*What next?*
The conflict has enormous geopolitical consequences for the world. China and India are the two most populous nations on earth, and both are nuclear powers. They are led by governments run strongly along nationalist lines, and whose militaries are seen as markers of national status and pride.
Once youโll start drinking this magic elixir in the morning, you will notice that your body stamina has been increased two times. It will make you feel energetic and will also boost up your metabolism.
โญโโโโโโโโโโโโโโโโโโโโฎ
*๐PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ยฉYOUR FAMILY SAFE๐ผ*
โฐโโโโโโโโโโโโโโโโโโโโฏ
โญโโโโโโโโโโโโโโโโโโโโฎ
*๐PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ยฉYOUR FAMILY SAFE๐ผ*
โฐโโโโโโโโโโโโโโโโโโโโฏ
*Good Morning* 180621 _Friday fear factor_
USA markets showed mixed trading session yesterday. Dow Jones at one time went low to below 300 points, however Nasdaq was trading in green. SGX was also trading in green, and became flat but today morning its trading in green.
The increase in USD/INR and Crude may impact markets especially the emerging markets.
No news is a good news, but if any news which also brings some volatility which is good for both traders and investors.
Yesterday data on trades in F&O are indicating towards shorts, but it includes weekly expiry data need to be interpreted cautiously.
We are entering in June month expiry week.
*F&O Stats analysis*
*Clients* Reduced longs in fut, in fact added shorts + Shorted CE and Added PE. Very bearish
*DII* Reduced fut short, added PE & CE Mild bearish
*FII* Reduced shorts in fut, long in CE & PE Volatile
*Pro* Reduced Fut, Added CE and PE Neutral
On monthly OI stands at 15500 to 16000, and middle point is at 15800 holds equal number of CE and PE.
*Technical analysis of Nifty and Bank Nifty*
*Nifty 50* 15550 to 15737
*Bank Nifty* 34100 to 34900 IN CONSOLIDATION MODE
*Nifty Fin Serve* 16310 to 16760 consolidation zone but bearish
*INDIA VIX* Increasing
*IT* Break out, dollar effect
*Metals* Failed to break out, will be in sideways
*FMCG* *Breakout, will go much upside*
*Auto* Short term bearish
*Pharma* Up trend to consolidation
*Infra* Consolidation at support
USA markets showed mixed trading session yesterday. Dow Jones at one time went low to below 300 points, however Nasdaq was trading in green. SGX was also trading in green, and became flat but today morning its trading in green.
The increase in USD/INR and Crude may impact markets especially the emerging markets.
No news is a good news, but if any news which also brings some volatility which is good for both traders and investors.
Yesterday data on trades in F&O are indicating towards shorts, but it includes weekly expiry data need to be interpreted cautiously.
We are entering in June month expiry week.
*F&O Stats analysis*
*Clients* Reduced longs in fut, in fact added shorts + Shorted CE and Added PE. Very bearish
*DII* Reduced fut short, added PE & CE Mild bearish
*FII* Reduced shorts in fut, long in CE & PE Volatile
*Pro* Reduced Fut, Added CE and PE Neutral
On monthly OI stands at 15500 to 16000, and middle point is at 15800 holds equal number of CE and PE.
*Technical analysis of Nifty and Bank Nifty*
*Nifty 50* 15550 to 15737
*Bank Nifty* 34100 to 34900 IN CONSOLIDATION MODE
*Nifty Fin Serve* 16310 to 16760 consolidation zone but bearish
*INDIA VIX* Increasing
*IT* Break out, dollar effect
*Metals* Failed to break out, will be in sideways
*FMCG* *Breakout, will go much upside*
*Auto* Short term bearish
*Pharma* Up trend to consolidation
*Infra* Consolidation at support
Securities in Ban For Trade Date 18-JUN-2021:
1 ADANIPORTS
2 BHEL
3 CANBK
4 ESCORTS
5 PNB
1 ADANIPORTS
2 BHEL
3 CANBK
4 ESCORTS
5 PNB
Money Market Update
The rupee ended at 74 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 73.30
The rupee ended at 74 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 73.30
GM jsk stock in news infosys,tcs,hcltech,jnkbk,mphasis, glandpharma,irfc,ashokabuild,hrmedia,tubeinvst,dbcorp,powermech,pspproj. Negative stocks sbicard,natcophar. Nifty range 15600-15800.
*Jammu & Kashmir Bank Ltd.* | *CMP* Rs. 30 | *M Cap* Rs. 2147 Cr | *52 W H/L* 33/12
(Nirmal Bang Retail Research)
*Result has improved* due to lower slippages and higher recoveries leading to lower credit costs
Net Interest Income came at Rs. 917.4 Cr vs YoY Rs. 987.2 Cr, QoQ Rs. 1005.1 Cr
Non Interest Income came at Rs. 178.1 Cr vs YoY Rs. 120.9 Cr, QoQ Rs. 271.7 Cr
PBP came at Rs. 314.4 Cr vs YoY Rs. 382.1 Cr, QoQ Rs. 563.5 Cr
Provisions came at Rs. 28.3 Cr vs YoY Rs. 620.5 Cr, QoQ Rs. 457.6 Cr
Adj. PAT came at Rs. 315.8 Cr vs YoY Rs. -294.1 Cr, QoQ Rs. 65.9 Cr
Gross NPA came at Rs. 6954.8 Cr vs QoQ Rs. 6196.1 Cr at 9.67% vs QoQ (non proforma) 8.71%
Net NPA came at Rs. 1969.3 Cr vs QoQ Rs. 1664.3 Cr at 2.95% vs QoQ (non proforma) 2.5%
Q4 slippage as per press release is around less than Rs. 1,000 Cr taking cumulative slippage for FY21 at around ~Rs. 1100 Cr (1.7%) vs Rs. 4054 Cr (6.3%) in FY20
Quarter EPS is Rs. 4.4
Share is trading 0.44x trailing P/Adj. BV
(Nirmal Bang Retail Research)
*Result has improved* due to lower slippages and higher recoveries leading to lower credit costs
Net Interest Income came at Rs. 917.4 Cr vs YoY Rs. 987.2 Cr, QoQ Rs. 1005.1 Cr
Non Interest Income came at Rs. 178.1 Cr vs YoY Rs. 120.9 Cr, QoQ Rs. 271.7 Cr
PBP came at Rs. 314.4 Cr vs YoY Rs. 382.1 Cr, QoQ Rs. 563.5 Cr
Provisions came at Rs. 28.3 Cr vs YoY Rs. 620.5 Cr, QoQ Rs. 457.6 Cr
Adj. PAT came at Rs. 315.8 Cr vs YoY Rs. -294.1 Cr, QoQ Rs. 65.9 Cr
Gross NPA came at Rs. 6954.8 Cr vs QoQ Rs. 6196.1 Cr at 9.67% vs QoQ (non proforma) 8.71%
Net NPA came at Rs. 1969.3 Cr vs QoQ Rs. 1664.3 Cr at 2.95% vs QoQ (non proforma) 2.5%
Q4 slippage as per press release is around less than Rs. 1,000 Cr taking cumulative slippage for FY21 at around ~Rs. 1100 Cr (1.7%) vs Rs. 4054 Cr (6.3%) in FY20
Quarter EPS is Rs. 4.4
Share is trading 0.44x trailing P/Adj. BV
*Hindustan Media Ventures Ltd.* | *CMP* Rs. 95 | *M Cap* Rs. 700 Cr | *52 W H/L* 95/36
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 161.8 Cr (-0.5% QoQ, -8.4% YoY) vs QoQ Rs. 162.6 Cr, YoY Rs. 176.6 Cr
EBIDTA came at Rs. 25.6 Cr (41% QoQ, 75.7% YoY) vs QoQ Rs. 18.2 Cr, YoY Rs. 14.6 Cr
EBITDA Margin came at 15.9% vs QoQ 11.2%, YoY 8.3%
Adj. PAT came at Rs. 21.1 Cr vs QoQ Rs. 34.3 Cr, YoY Rs. 25.9 Cr
Quarter EPS is Rs. 2.9
Share is trading at P/E of 10.1x TTM EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 161.8 Cr (-0.5% QoQ, -8.4% YoY) vs QoQ Rs. 162.6 Cr, YoY Rs. 176.6 Cr
EBIDTA came at Rs. 25.6 Cr (41% QoQ, 75.7% YoY) vs QoQ Rs. 18.2 Cr, YoY Rs. 14.6 Cr
EBITDA Margin came at 15.9% vs QoQ 11.2%, YoY 8.3%
Adj. PAT came at Rs. 21.1 Cr vs QoQ Rs. 34.3 Cr, YoY Rs. 25.9 Cr
Quarter EPS is Rs. 2.9
Share is trading at P/E of 10.1x TTM EPS
*Indostar Capital Finance Ltd. - C* | *CMP* Rs. 384 | *M Cap* Rs. 4751 Cr | *52 W H/L* 424/238
(Nirmal Bang Retail Research)
*Result has declined*
NII came at Rs. 119.1 Cr vs YoY Rs. 136.9 Cr, QoQ Rs. 155.3 Cr
PBP came at Rs. 38.3 Cr vs YoY Rs. 13.7 Cr, QoQ Rs. 76.6 Cr
Provision came at Rs. 383.8 Cr vs YoY Rs. 576.7 Cr, QoQ Rs. 45.9 Cr
PAT came at Rs. -317.1 Cr vs YoY Rs. -421.4 Cr, QoQ Rs. 24.2 Cr
AUM came at Rs. 0 Cr vs YoY Rs. 9689.9 Cr, QoQ Rs. 8864.5 Cr
Gross NPA (%) came at 4.4% vs QoQ 2.8%
Net NPA (%) came at 2.1% vs QoQ 1.8%
Total additional Covid-19 provisions carried are Rs 400 cr (4.8%)
Quarter EPS is Rs. -25.6
Share is trading at P/E of 24.6x FY22E EPS & 1.3x trailing P/BV
(Nirmal Bang Retail Research)
*Result has declined*
NII came at Rs. 119.1 Cr vs YoY Rs. 136.9 Cr, QoQ Rs. 155.3 Cr
PBP came at Rs. 38.3 Cr vs YoY Rs. 13.7 Cr, QoQ Rs. 76.6 Cr
Provision came at Rs. 383.8 Cr vs YoY Rs. 576.7 Cr, QoQ Rs. 45.9 Cr
PAT came at Rs. -317.1 Cr vs YoY Rs. -421.4 Cr, QoQ Rs. 24.2 Cr
AUM came at Rs. 0 Cr vs YoY Rs. 9689.9 Cr, QoQ Rs. 8864.5 Cr
Gross NPA (%) came at 4.4% vs QoQ 2.8%
Net NPA (%) came at 2.1% vs QoQ 1.8%
Total additional Covid-19 provisions carried are Rs 400 cr (4.8%)
Quarter EPS is Rs. -25.6
Share is trading at P/E of 24.6x FY22E EPS & 1.3x trailing P/BV
*Tube Investments of India Ltd.* | *CMP* Rs. 1232 | *M Cap* Rs. 23755 Cr | *52 W H/L* 1450/390
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 1480.2 Cr (13% QoQ, 58.4% YoY) vs expectation of Rs. 1335.3 Cr, QoQ Rs. 1309.4 Cr, YoY Rs. 934.6 Cr
EBIDTA came at Rs. 187.7 Cr (3.4% QoQ, 41.5% YoY) vs expectation of Rs. 161.5 Cr, QoQ Rs. 181.4 Cr, YoY Rs. 132.6 Cr
EBITDA Margin came at 12.7% vs expectation of 12.1%, QoQ 13.9%, YoY 14.2%
Adj. PAT came at Rs. 142.5 Cr vs expectation of Rs. 95.2 Cr, QoQ Rs. 107.1 Cr, YoY Rs. 95.5 Cr
Quarter EPS is Rs. 7.4
Share is trading at P/E of 80.6x TTM EPS
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 1480.2 Cr (13% QoQ, 58.4% YoY) vs expectation of Rs. 1335.3 Cr, QoQ Rs. 1309.4 Cr, YoY Rs. 934.6 Cr
EBIDTA came at Rs. 187.7 Cr (3.4% QoQ, 41.5% YoY) vs expectation of Rs. 161.5 Cr, QoQ Rs. 181.4 Cr, YoY Rs. 132.6 Cr
EBITDA Margin came at 12.7% vs expectation of 12.1%, QoQ 13.9%, YoY 14.2%
Adj. PAT came at Rs. 142.5 Cr vs expectation of Rs. 95.2 Cr, QoQ Rs. 107.1 Cr, YoY Rs. 95.5 Cr
Quarter EPS is Rs. 7.4
Share is trading at P/E of 80.6x TTM EPS
*Power Grid Corporation Of India Ltd.* | *CMP* Rs. 240 | *M Cap* Rs. 125558 Cr | *52 W H/L* 252/155
(Nirmal Bang Retail Research)
*Result inline*
Revenue from Operations came at Rs. 9942.5 Cr (2.7% QoQ, 2.5% YoY) vs expectation of Rs. 10604.4 Cr, QoQ Rs. 9676.6 Cr, YoY Rs. 9704.5 Cr
EBIDTA came at Rs. 8747.2 Cr (3.4% QoQ, 8.4% YoY) vs expectation of Rs. 8993.5 Cr, QoQ Rs. 8460.5 Cr, YoY Rs. 8072.2 Cr
EBITDA Margin came at 88% vs expectation of 84.8%, QoQ 87.4%, YoY 83.2%
Adj. PAT came at Rs. 3882.1 Cr vs expectation of Rs. 3208.9 Cr, QoQ Rs. 2944.3 Cr, YoY Rs. 2206.9 Cr
Quarter EPS is Rs. 7.4
Share is trading at P/E of 9.9x FY22E EPS
(Nirmal Bang Retail Research)
*Result inline*
Revenue from Operations came at Rs. 9942.5 Cr (2.7% QoQ, 2.5% YoY) vs expectation of Rs. 10604.4 Cr, QoQ Rs. 9676.6 Cr, YoY Rs. 9704.5 Cr
EBIDTA came at Rs. 8747.2 Cr (3.4% QoQ, 8.4% YoY) vs expectation of Rs. 8993.5 Cr, QoQ Rs. 8460.5 Cr, YoY Rs. 8072.2 Cr
EBITDA Margin came at 88% vs expectation of 84.8%, QoQ 87.4%, YoY 83.2%
Adj. PAT came at Rs. 3882.1 Cr vs expectation of Rs. 3208.9 Cr, QoQ Rs. 2944.3 Cr, YoY Rs. 2206.9 Cr
Quarter EPS is Rs. 7.4
Share is trading at P/E of 9.9x FY22E EPS
Indian HRC trade prices declined by INR 1,500-2,000/tonne (t) this week in the northern region due to slow demand in the domestic market. Negative
World Markets
Dow - 210
Nasdaq + 122
Dax + 17
Nikkei + 70
Hangseng + 200
Sgxnifty + 78 (15759)
Brent Crude 72.75
Dow Fut + 41
Dollar Index 91.83
Dow - 210
Nasdaq + 122
Dax + 17
Nikkei + 70
Hangseng + 200
Sgxnifty + 78 (15759)
Brent Crude 72.75
Dow Fut + 41
Dollar Index 91.83