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Nazara Technologies Slips After CLSA's Sell Call

Shares of the Rakesh Jhunjhunwala-backed firm fell as much as 5.9% after CLSA initiated coverage on the stock with a 'sell' rating and a target price of Rs 1,095, implying a potential downside of 34%.

The brokerage firm cited e-sports still being a niche nascent market in India and the expected intensification of competition from the likes of Jio Games, MPL, Paytm First Games and Dream 11 in the gaming sector as reasons for its bearish rating.

In its report, CLSA added that Nazara's stock valuation is expensive and carries a "hefty scarcity premium of 3x to CLSA’s India coverage".
*Praj Industries' Shishir Joshipura believes that the company has exhibited 'power of resilience' over the years. He says, "It has taken 35+ years of commitment, teamwork, and passion to grow company and that the pandemic has forced resilience in human race." However, there is a need to take actions to reduce emission footprint, bio-fuels will address clean house gas emission. He also talks about the ethanol blending target being brought forward much, says that it was a much-needed move! "Every country must find ways to best utilise technology.Tech can enable preserving natural resources, The sugar waste must be utilised for other purposes and there is a need to address issue to use residue waste, and a need for sustainable eco-system to overcome policy hurdles*
Vodafone Idea : sources says Co. planning for QIP of Rs 5000- 7000

Possibly May Get FDI aporoval From telcome ministry
Religare plans Rs.2,000-Cr IPO for health insurance arm Care

Publicly listed Religare Enterprises (REL) is considering an initial public offer (IPO) of up to INR 2,000 crore for its health insurance subsidiary Care Health Insurance, where it plans to issue fresh shares. REL is in talks with investment banks for the proposed listing and the IPO may be launched around the end of this fiscal.

REL owns an around 70% stake in the firm while Kedara Capital has around 18% stake.
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.
PSP Projects Ltd. | CMP Rs. 441 | M Cap Rs. 1588 Cr | 52 W H/L 531/337
(Nirmal Bang Retail Research)
Result in line with expectation
Revenue from Operations came at Rs. 500.7 Cr (28.3% QoQ, 9.7% YoY) vs expectation of Rs. 515.1 Cr, QoQ Rs. 390.2 Cr, YoY Rs. 456.4 Cr
EBIDTA came at Rs. 62.1 Cr (32.2% QoQ, 22.8% YoY) vs expectation of Rs. 64.4 Cr, QoQ Rs. 46.9 Cr, YoY Rs. 50.5 Cr
EBITDA Margin came at 12.4% vs expectation of 12.5%, QoQ 12%, YoY 11.1%
Adj. PAT came at Rs. 40.7 Cr vs expectation of Rs. 40.3 Cr, QoQ Rs. 30.7 Cr, YoY Rs. 34.3 Cr
Quarter EPS is Rs. 11.3
Share is trading at P/E of 10.5x FY22E EPS

Ruchira Papers Ltd. | CMP Rs. 86 | M Cap Rs. 209 Cr | 52 W H/L 89/43
(Nirmal Bang Retail Research)
Result Improved
Revenue from Operations came at Rs. 141 Cr (20.5% QoQ, 31.2% YoY) vs QoQ Rs. 117 Cr, YoY Rs. 107.5 Cr
EBIDTA came at Rs. 16.8 Cr (216.1% QoQ, 212.6% YoY) vs QoQ Rs. 5.3 Cr, YoY Rs. 5.4 Cr
EBITDA Margin came at 11.9% vs QoQ 4.5%, YoY 5%
Adj. PAT came at Rs. 9.9 Cr vs QoQ Rs. 0.4 Cr, YoY Rs. 0.6 Cr
Quarter EPS is Rs. 4.1
Share is trading at P/E of 41.5x TTM EPS

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
*Insecticides (India) Ltd.* | *CMP* Rs. 750 | *M Cap* Rs. 1486 Cr | *52 W H/L* 750.45/392
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 255.6 Cr (-14.6% QoQ, 7.1% YoY) vs QoQ Rs. 299.2 Cr, YoY Rs. 238.7 Cr
EBIDTA came at Rs. 28.7 Cr (90.4% QoQ, -1257% YoY) vs QoQ Rs. 15.1 Cr, YoY Rs. -2.5 Cr
EBITDA Margin came at 11.2% vs QoQ 5%, YoY -1%
Adj. PAT came at Rs. 18.8 Cr vs QoQ Rs. 6.1 Cr, YoY Rs. -7.1 Cr
Quarter EPS is Rs. 9.5
Share is trading at P/E of 15.5x FY22E EPS
*Timken India Ltd.* | *CMP* Rs. 1384 | *M Cap* Rs. 10410 Cr | *52 W H/L* 1450/856
(Nirmal Bang Retail Research)
*Result inline with Expectation*
Revenue from Operations came at Rs. 475.4 Cr (23.9% QoQ, 17.2% YoY) vs expectation of Rs. 433.9 Cr, QoQ Rs. 383.6 Cr, YoY Rs. 405.5 Cr
EBIDTA came at Rs. 86.9 Cr (29.5% QoQ, -7.4% YoY) vs expectation of Rs. 83.7 Cr, QoQ Rs. 67.1 Cr, YoY Rs. 93.8 Cr
EBITDA Margin came at 18.3% vs expectation of 19.3%, QoQ 17.5%, YoY 23.1%
Adj. PAT came at Rs. 52.9 Cr vs expectation of Rs. 58.7 Cr, QoQ Rs. 37.2 Cr, YoY Rs. 61.3 Cr
Quarter EPS is Rs. 7
Share is trading at P/E of 41.6x FY22E EPS
*NTPC LTD.* | *CMP* Rs. 114 | *M Cap* Rs. 110106 Cr | *52 W H/L* 121/78
(Nirmal Bang Retail Research)
*Result below expectation*
Revenue from Operations came at Rs. 26566.9 Cr (8.4% QoQ, -2.5% YoY) vs expectation of Rs. 27830.8 Cr, QoQ Rs. 24509.3 Cr, YoY Rs. 27246.9 Cr
EBIDTA came at Rs. 6507.8 Cr (-11.7% QoQ, -11.1% YoY) vs expectation of Rs. 8337.9 Cr, QoQ Rs. 7367.1 Cr, YoY Rs. 7317.8 Cr
EBITDA Margin came at 24.5% vs expectation of 30%, QoQ 30.1%, YoY 26.9%
Adj. PAT came at Rs. 4771.6 Cr vs expectation of Rs. 3347.8 Cr, QoQ Rs. 2393 Cr, YoY Rs. -599.9 Cr
Quarter EPS is Rs. 4.9
Share is trading at P/E of 7.2x FY22E EPS
*Oriental Carbon & Chemicals Ltd.* | *CMP* Rs. 1088 | *M Cap* Rs. 1087 Cr | *52 W H/L* 1161/645
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 118.5 Cr (1.4% QoQ, 23.8% YoY) vs QoQ Rs. 116.9 Cr, YoY Rs. 95.7 Cr
EBIDTA came at Rs. 38.1 Cr (-6.7% QoQ, 40.1% YoY) vs QoQ Rs. 40.8 Cr, YoY Rs. 27.2 Cr
EBITDA Margin came at 32.2% vs QoQ 34.9%, YoY 28.4%
Adj. PAT came at Rs. 27.8 Cr vs QoQ Rs. 29 Cr, YoY Rs. 18.4 Cr
Quarter EPS is Rs. 27.8
Share is trading at P/E of 13.8x TTM EPS
The Reserve Bank of India (RBI) has issued an In-principle approval to Centrum Financial Services Limited (Centrum) to establish a Small Finance Bank (SFB). Resilient Innovations Private Limited (BharatPe), one of India's fastest growing fintech companies, will be an equal partner. Punjab & Maharashtra Co-Operative Bank Limited will be amalgamated with the SFB.
*GMR INFRASTRUCTURE LTD.* | *CMP* Rs. 28 | *M Cap* Rs. 16991 Cr | *52 W H/L* 30/19
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 1633.8 Cr (10.3% QoQ, -30.4% YoY) vs QoQ Rs. 1481 Cr, YoY Rs. 2348.8 Cr
EBIDTA came at Rs. 843.8 Cr (328.4% QoQ, 28.9% YoY) vs QoQ Rs. 197 Cr, YoY Rs. 654.5 Cr
EBITDA Margin came at 51.6% vs QoQ 13.3%, YoY 27.9%
Adj. PAT came at Rs. -294 Cr vs QoQ Rs. -825.4 Cr, YoY Rs. -445.9 Cr
Quarter EPS is Rs. -0.5
Share is trading at P/E of -6.8x TTM EPS
*ASHOKA BUILDCON LTD.* | *CMP* Rs. 99 | *M Cap* Rs. 2786 Cr | *52 W H/L* 119/49
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 1387 Cr (41.4% QoQ, 10.5% YoY) vs expectation of Rs. 1395.8 Cr, QoQ Rs. 980.7 Cr, YoY Rs. 1254.8 Cr
EBIDTA came at Rs. 201.2 Cr (90.7% QoQ, -12.1% YoY) vs expectation of Rs. 162.5 Cr, QoQ Rs. 105.5 Cr, YoY Rs. 228.9 Cr
EBITDA Margin came at 14.5% vs expectation of 11.6%, QoQ 10.8%, YoY 18.2%
Adj. PAT came at Rs. 149.2 Cr vs expectation of Rs. 104.9 Cr, QoQ Rs. 85.6 Cr, YoY Rs. 164.2 Cr
Quarter EPS is Rs. 5.3
Share is trading at P/E of 7.5x FY22E EPS
*HT Media Ltd.* | *CMP* Rs. 27 | *M Cap* Rs. 628 Cr | *52 W H/L* 31/10
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 349.1 Cr (2.4% QoQ, -24.9% YoY) vs QoQ Rs. 340.7 Cr, YoY Rs. 464.8 Cr
EBIDTA came at Rs. 67.1 Cr (25% QoQ, -37.8% YoY) vs QoQ Rs. 53.7 Cr, YoY Rs. 108 Cr
EBITDA Margin came at 19.2% vs QoQ 15.8%, YoY 23.2%
Adj. PAT came at Rs. 19.1 Cr vs QoQ Rs. 3.3 Cr, YoY Rs. 74.1 Cr
Quarter EPS is Rs. 0.8
Bulk Deal as on 18-06-21

Bajaj Hindustan Sugar
- 72.59 Lk @ 16.39 Ramlal Kanwarlal Jain

Cams Ltd
+ 3.48 Lk @ 2781.82 Vanguard Emerging Markets Stock Index Fund

Capacite Infra
- 11.89 Lk @ 202 Asutosh Trade links
- 10 Lk @ 202 Rahul Ramnath Katyal
- 13.04 Lk @ 202 Rohit Ramnath Katyal
+ 34.93 Lk @ 202 Think India Opportunities
Master Fund

Jayshree Tea
- 3.95 Lk @ 104.48 Raviraj Developers Ltd

Knr Construction
- 20 Lk @ 223.04 Kamidi Yashoda
- 20 Lk @ 223 Mereddy Rajesh Reddy
+ 47.63 Lk @ 223 Sbi Mutual Fund

Riil
- 1 Lk @ 739.49 Swapnil Mehta

Ruchira Papers
- 1.60 Lk @ 87.3 Paulastya Sachdev

SBI Cards
- 4.80 Crore @ 1002.38 Ca Rover Holdings
+ 54.09 Lk @ 1002 Morgan Stanley Asia