*Gujarat Fluorochemicals Ltd.* | *CMP* Rs. 1145 | *M Cap* Rs. 12578 Cr | *52 W H/L* 1199/335
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 840.3 Cr (32.5% QoQ, 32.8% YoY) vs QoQ Rs. 634.2 Cr, YoY Rs. 632.7 Cr
EBIDTA came at Rs. 196.1 Cr (38.3% QoQ, 716.6% YoY) vs QoQ Rs. 141.8 Cr, YoY Rs. 24 Cr
EBITDA Margin came at 23.3% vs QoQ 22.4%, YoY 3.8%
Adj. PAT came at Rs. 110.3 Cr vs QoQ Rs. -480.4 Cr, YoY Rs. 28.5 Cr (Last quarter loss was on account of Tax w/back)
Quarter EPS is Rs. 10
Share is trading at P/E of 26.6x FY22E EPS

*Kokuyo Camlin Ltd.* | *CMP* Rs. 69 | *M Cap* Rs. 688 Cr | *52 W H/L* 75/50
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 132.1 Cr (31% QoQ, -8.5% YoY) vs QoQ Rs. 100.8 Cr, YoY Rs. 144.4 Cr
EBIDTA came at Rs. 11.1 Cr (43.1% QoQ, 72.4% YoY) vs QoQ Rs. 7.7 Cr, YoY Rs. 6.4 Cr
EBITDA Margin came at 8.4% vs QoQ 7.7%, YoY 4.4%
Adj. PAT came at Rs. 5 Cr vs QoQ Rs. 1.3 Cr, YoY Rs. -0.3 Cr
Quarter EPS is Rs. 0.5
Share is trading at P/E of -47x TTM EPS

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*News Update*:

TRAI Releases March Subscribers Data. In March

Airtel Added 40,55,109

VodafoneIdea added 10,88,792

While Reliance Jio added 79, 18,129 subscribers.

*Fintechs are becoming Banks faster than Banks are becoming Fintechs*

*Are fintechs cutting the bank partner cord*?

Fintechs have always relied on their bank partners to enable them because banks have the one precious and unattainable thing that fintechs can never get their hands on: a banking license. Without this partnership “cord” that extends the bank’s charter to the fintech, many fintechs are like a cool gadget with no batteries. Regulators insisted on these partnerships because banks understand what the regulators want and fintechs supposedly don’t…until now. Some fintechs in the US are pursuing or have obtained their own banking licenses, effectively cutting their bank partner cords, and this trend is gaining traction...

Regulators are now warming up to the idea of granting banking licenses to fintechs because they offer innovative services that are demonstrably beneficial to consumers. Also, some fintechs are more mature now and are better equipped to comply with the heavy regulation and oversight that comes with having a banking license. What this cord-cutting means for fintechs is less dependency, higher margins, and a wider range of offerings. Banks therefore need to up their game in order to stay competitive.

Government operationalises national Helpline 155260 to combat cybercrime losses, all you need to know - https://www.moneycontrol.com/news/india/government-operationalises-national-helpline-155260-to-combat-cybercrime-losses-all-you-need-to-know-7050761.html

IPO-bound Zomato's $100-120 million investment in Grofers enters last lap
https://www.moneycontrol.com/news/business/companies/ipo-bound-zomatos-100-120-million-investment-in-grofers-in-last-lap-7055891.html

*HDFC Bank* recommended dividend of Rs. 6.50 per equity share of face value of Re.1/- each.

The record date has been fixed as June 30, 2021 for the purpose of ascertaining the entitlement of the dividend.

India's forex reserves rise $3.07 billion to lifetime high of $608.08 billion
https://www.livemint.com/economy/indias-forex-reserves-rise-3-07-billion-to-lifetime-high-of-608-08-billion-11624028052104.html

U.s : St. Louis Federal Reserve President James Bullard told CNBC on Friday that he sees an initial interest rate increase happening in late-2022 as inflation picks up faster than previous forecasts had anticipated.

That estimate is even quicker than the outlook the broader Federal Open Market Committee released Wednesday that caused a hit to financial markets. The committee's median outlook was for up to two hikes in 2023, after indicating in March that saw no increases on the horizon.

Ex-central banker warns of financial instability risks in India

https://economictimes.indiatimes.com/markets/stocks/news/ex-central-banker-warns-of-financial-instability-risks-in-india/articleshow/83635031.cms

Rule of land supreme, not your policy: Parliamentary panel on information technology to Twitter

https://economictimes.indiatimes.com/news/india/rule-of-land-supreme-not-your-policy-parliamentary-panel-on-information-technology-to-twitter/articleshow/83639604.cms