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*🙏PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©YOUR FAMILY SAFE🌼*
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*🙏PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©YOUR FAMILY SAFE🌼*
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*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