Japan’s Nikkei 225 jumps nearly 2.3% as Asia-Pacific stocks rise following overnight Dow bounce
https://www.cnbc.com/2021/06/22/asia-markets-dow-jones-industrial-average-bounce-currencies-oil.html
https://www.cnbc.com/2021/06/22/asia-markets-dow-jones-industrial-average-bounce-currencies-oil.html
CNBC
Japan's Nikkei 225 jumps more than 3% as Asia-Pacific stocks bounce back
Japanese stocks led gains among major Asia-Pacific markets on Tuesday, with the Nikkei 225 jumping more than 3% on the day.
Crude Oil Trades at Fresh Multi-Year Peaks
Crude oil prices were little changed in early APAC trade Tuesday, following gains of nearly 2% in the previous session that saw prices hitting fresh multi-year highs, with investors digesting prospects of a robust demand as economies reopen and travel accelerates in the US, Europe and China. Meanwhile, traders also await the outcome of Iran nuclear talks on June 10th. The deal could lead to an increase Iran's crude production of 500,000 barrels, however, analysts don't expect an agreement before the Iranian presidential election next week. Meanwhile, OPEC+ expects oil inventories to fall further in the coming months, OPEC's secretary general said on Monday. Last week, OPEC+ agreed to gradually ease supply curbs through July. On Monday, Brent crude gained $1.39, or 1.9% to settle at $74.90 a barrel, the highest since April 2019. WTI crude for July gained $2.02, or 2.8%, to end at $73.66, the highest since October 2018.
Crude oil prices were little changed in early APAC trade Tuesday, following gains of nearly 2% in the previous session that saw prices hitting fresh multi-year highs, with investors digesting prospects of a robust demand as economies reopen and travel accelerates in the US, Europe and China. Meanwhile, traders also await the outcome of Iran nuclear talks on June 10th. The deal could lead to an increase Iran's crude production of 500,000 barrels, however, analysts don't expect an agreement before the Iranian presidential election next week. Meanwhile, OPEC+ expects oil inventories to fall further in the coming months, OPEC's secretary general said on Monday. Last week, OPEC+ agreed to gradually ease supply curbs through July. On Monday, Brent crude gained $1.39, or 1.9% to settle at $74.90 a barrel, the highest since April 2019. WTI crude for July gained $2.02, or 2.8%, to end at $73.66, the highest since October 2018.
*JUNE Rollovers E -3*
- Market wide: 34% (3M avg 37%)
- NIFTY: 26% (3M avg 29%)
- BANKNIFTY: 32% (3M avg 35%)
- Avg Roll Cost: 55-57bps
*Top Sector Rollovers*: Cement (50%), Metals (46%), Telecom (44%), Media (40%), Autos (38%)
*Strong Rollovers*: SAIL (69%), SUNTV (67%), JSTL (67%), GRASIM (64%), AMRJ (58%), CBK (57%), CDH (55%), ACEM (53%), IOC (52%), HMCL (51%)
*Weak Rollovers*: CIPLA (16%), TRP (16%), MAXF (17%), BRGR (19%), BHEL (19%), HDFC (19%), ICICIBC (19%), PIEL (19%), AXSB (20%), HUVR (21%)
*Roll cost expansion*: PNB (151 bps), NTPC (58bps), ADSEZ (68bps), CBK (64bps), IDEA (82bps)
*Roll cost contraction*: PIEL (45bps), BJFIN (34bps), GMRI (17bps), BHEL (55bps), MGFL (49bps)
*Investec Sales Trading*
- Market wide: 34% (3M avg 37%)
- NIFTY: 26% (3M avg 29%)
- BANKNIFTY: 32% (3M avg 35%)
- Avg Roll Cost: 55-57bps
*Top Sector Rollovers*: Cement (50%), Metals (46%), Telecom (44%), Media (40%), Autos (38%)
*Strong Rollovers*: SAIL (69%), SUNTV (67%), JSTL (67%), GRASIM (64%), AMRJ (58%), CBK (57%), CDH (55%), ACEM (53%), IOC (52%), HMCL (51%)
*Weak Rollovers*: CIPLA (16%), TRP (16%), MAXF (17%), BRGR (19%), BHEL (19%), HDFC (19%), ICICIBC (19%), PIEL (19%), AXSB (20%), HUVR (21%)
*Roll cost expansion*: PNB (151 bps), NTPC (58bps), ADSEZ (68bps), CBK (64bps), IDEA (82bps)
*Roll cost contraction*: PIEL (45bps), BJFIN (34bps), GMRI (17bps), BHEL (55bps), MGFL (49bps)
*Investec Sales Trading*
*With growth prospects improving, more steam left in NTPC stock*
The power generator's growth prospects are improving and capacity expansions provide medium-term visibility
NTPC, India’s premier power generator, had a strong fourth quarter. Revenues from operations fell 0.9 per cent to Rs 30,102 crore from Rs 30,390 crore a year ago. But PAT surged to Rs 4,649 crore from Rs 1,630 crore. This was due to a tax refund of Rs 968 crore versus tax paid of Rs 4,958 crore YoY.
Consolidated revenue from operations in FY21 was up 1.8 per cent YoY to Rs 1,11,531 crore from Rs 1,09,464 crore. PAT for the FY21 was up 25.8 per cent to Rs 14,969 crore versus Rs 11,902 crore. Tax paid declined 74 per cent to Rs 2,420 crore from Rs 9,347 crore in the previous fiscal. Depreciation and amortisation rose to Rs 12,450 crore from Rs 10,356 crore YoY.
Among other ratios, FY21 EPS almost doubled to Rs 12.93 from Rs 6.8 a year ago –a buyback slightly reduced the equity base. The debt:equity ratio was stable at 1.55 while the debt service cover rose slightly to 2x from 1.97x.
The cash flow statement indicates NTPC invested Rs 23,312 crore in new plants and other assets in FY21 compared to the previous fiscal when it invested Rs 18,230 crore in such assets and also Rs 11,500 crore in acquisition of NEEPCO and THDCIL.
Unit power sales rose 4.8 per cent to 251.7 billion units of electricity (290 BU taking subsidiaries into consideration). This is excellent, given that Q1FY21 was almost a washout due to the lockdown and the GDP contracted through the fiscal. Utilisation levels of coal-based plants dropped, with plant load factor (PLF) down to 66 per cent from 68.2 per cent YoY. The average tariff was Rs 3.77/unit, a YoY drop of 3.3 per cent. Payment was eased by the bailout of discoms which enabled faster payment of dues. Receivables dropped by Rs 1,400 crore as a result.
The total installed capacity is now 65,825 MW and it intends to expand this to 1,30,000 MW by 2032 with 30 per cent of the total being non-thermal. This breaks up as 32,000 MW renewables, 5,000 MW hydro, and another 2,000 MW nuclear. The action plan involves capital expenditure of over Rs 1 trillion for 2019-2024.
The renewables target has been almost doubled, to 60 GW by 2032 (earlier: 32GW). This implies adding 5–5.5 GW per annum. NTPC has also ramped up production of captive coal. The estimated financing cost of loans for the solar arm is 6.5 per cent. But while lower financing costs are a plus, competition is also pushing solar tariff bids lower.
Analysts believe there could be 12 per cent growth in regulated return on equity tariffs over the next two fiscals. Coal prices have risen globally in the last five months, and further rise is likely. NTPC has some protection due to its captive production.
Growth should accelerate in this fiscal since GDP is expected to grow after 2020-21 contraction. Discom insolvency has not really been solved as yet though. So, there could be payment issues unless Central support continues. The stock rose around 4 per cent since results were declared, closing at Rs 118. Motilal Oswal Securities has a one-year target of Rs 145.
*Sunidhi-Himanshu*
The power generator's growth prospects are improving and capacity expansions provide medium-term visibility
NTPC, India’s premier power generator, had a strong fourth quarter. Revenues from operations fell 0.9 per cent to Rs 30,102 crore from Rs 30,390 crore a year ago. But PAT surged to Rs 4,649 crore from Rs 1,630 crore. This was due to a tax refund of Rs 968 crore versus tax paid of Rs 4,958 crore YoY.
Consolidated revenue from operations in FY21 was up 1.8 per cent YoY to Rs 1,11,531 crore from Rs 1,09,464 crore. PAT for the FY21 was up 25.8 per cent to Rs 14,969 crore versus Rs 11,902 crore. Tax paid declined 74 per cent to Rs 2,420 crore from Rs 9,347 crore in the previous fiscal. Depreciation and amortisation rose to Rs 12,450 crore from Rs 10,356 crore YoY.
Among other ratios, FY21 EPS almost doubled to Rs 12.93 from Rs 6.8 a year ago –a buyback slightly reduced the equity base. The debt:equity ratio was stable at 1.55 while the debt service cover rose slightly to 2x from 1.97x.
The cash flow statement indicates NTPC invested Rs 23,312 crore in new plants and other assets in FY21 compared to the previous fiscal when it invested Rs 18,230 crore in such assets and also Rs 11,500 crore in acquisition of NEEPCO and THDCIL.
Unit power sales rose 4.8 per cent to 251.7 billion units of electricity (290 BU taking subsidiaries into consideration). This is excellent, given that Q1FY21 was almost a washout due to the lockdown and the GDP contracted through the fiscal. Utilisation levels of coal-based plants dropped, with plant load factor (PLF) down to 66 per cent from 68.2 per cent YoY. The average tariff was Rs 3.77/unit, a YoY drop of 3.3 per cent. Payment was eased by the bailout of discoms which enabled faster payment of dues. Receivables dropped by Rs 1,400 crore as a result.
The total installed capacity is now 65,825 MW and it intends to expand this to 1,30,000 MW by 2032 with 30 per cent of the total being non-thermal. This breaks up as 32,000 MW renewables, 5,000 MW hydro, and another 2,000 MW nuclear. The action plan involves capital expenditure of over Rs 1 trillion for 2019-2024.
The renewables target has been almost doubled, to 60 GW by 2032 (earlier: 32GW). This implies adding 5–5.5 GW per annum. NTPC has also ramped up production of captive coal. The estimated financing cost of loans for the solar arm is 6.5 per cent. But while lower financing costs are a plus, competition is also pushing solar tariff bids lower.
Analysts believe there could be 12 per cent growth in regulated return on equity tariffs over the next two fiscals. Coal prices have risen globally in the last five months, and further rise is likely. NTPC has some protection due to its captive production.
Growth should accelerate in this fiscal since GDP is expected to grow after 2020-21 contraction. Discom insolvency has not really been solved as yet though. So, there could be payment issues unless Central support continues. The stock rose around 4 per cent since results were declared, closing at Rs 118. Motilal Oswal Securities has a one-year target of Rs 145.
*Sunidhi-Himanshu*
👍1
Wall Street update: Bank, oil stocks lead Dow higher by over 500 pts
https://www.livemint.com/market/stock-market-news/wall-street-update-dow-jumps-400-pts-after-fed-induced-pullback-11624284697025.html
https://www.livemint.com/market/stock-market-news/wall-street-update-dow-jumps-400-pts-after-fed-induced-pullback-11624284697025.html
mint
Wall Street update: Bank, oil stocks lead Dow higher by over 500 pts
Dow Jones Industrial Average was up 533.52 points, or 1.60%, at 33,823.60, and was eyeing its best day since mid-May.The broader banking index rose 1.6% after crashing to a two-month low last week
*Good Morning*
Dalio, Summers Warn Inflation Could Derail Recovery: Qatar Forum
Asia’s Richest Man Says ‘No Option’ But to Make Businesses Green
Reliance has set a 2035 target to be a carbon-neutral co.
India Extends Transmission-Fee Waiver for Renewable Projects
India Coal Power Giant Nearly Doubles Renewable Energy Target
NTPC board aims to have 60 gigawatts clean power by 2032
Duflo, Rajan Named to Indian State’s Economic Advisory Panel
SAT Allows PNB Housing To Conduct E-Voting On Pref Allotment: BQ
Indian Firms List at Fastest Pace Since 2008: ECM Watch
INDIA DISTRESSED WATCH: Reliance Comm Hearing, Jain Bond Recast
RBI Converts INR67B Short Bonds to Long Debt, Less Than Planned
India Public Sector Lenders Surge on Bank Divestment Report
Emerging-Market ETFs Saw Smallest Inflow Since October Last Week
Emerging Market ETFs Rise for 33rd Week in $47.8 Bln Streak
India Cumulative Monsoon Rainfall 37% Above Normal as June 21
Global Funds Sell Net INR12.4B of India Stocks on Monday: NSE
Domestic funds buy net 1.38b rupees of stocks
Foreign Investors Buy Net INR26.3B of Indian Equities on June 18
Foreigners Buy Net INR17.8B of Indian Equity Derivatives Monday
FinMin, Infy meet on glitches in new income-tax portal on Tuesday: PTI
Nissan India starts exports of SUV Magnite to Indonesia, South Africa, Nepal: PTI
Bharti Airtel (BHARTI): To partner Tata group on indigenous 5G technology
Brigade Enterprises (BRGD): Says QIP floor price set at INR276.5/share
Dish TV (DITY): Approvesup to INR10b rights share issue
Oil India (OINL): 4Q net income -8.4% y/y to 8.48b rupees, beats est. 6.32b; revenue 25.8b vs est. 27.4b
State Bank of India (SBI): Approves raisingup to 140b rupees in AT1 Capital
Dalio, Summers Warn Inflation Could Derail Recovery: Qatar Forum
Asia’s Richest Man Says ‘No Option’ But to Make Businesses Green
Reliance has set a 2035 target to be a carbon-neutral co.
India Extends Transmission-Fee Waiver for Renewable Projects
India Coal Power Giant Nearly Doubles Renewable Energy Target
NTPC board aims to have 60 gigawatts clean power by 2032
Duflo, Rajan Named to Indian State’s Economic Advisory Panel
SAT Allows PNB Housing To Conduct E-Voting On Pref Allotment: BQ
Indian Firms List at Fastest Pace Since 2008: ECM Watch
INDIA DISTRESSED WATCH: Reliance Comm Hearing, Jain Bond Recast
RBI Converts INR67B Short Bonds to Long Debt, Less Than Planned
India Public Sector Lenders Surge on Bank Divestment Report
Emerging-Market ETFs Saw Smallest Inflow Since October Last Week
Emerging Market ETFs Rise for 33rd Week in $47.8 Bln Streak
India Cumulative Monsoon Rainfall 37% Above Normal as June 21
Global Funds Sell Net INR12.4B of India Stocks on Monday: NSE
Domestic funds buy net 1.38b rupees of stocks
Foreign Investors Buy Net INR26.3B of Indian Equities on June 18
Foreigners Buy Net INR17.8B of Indian Equity Derivatives Monday
FinMin, Infy meet on glitches in new income-tax portal on Tuesday: PTI
Nissan India starts exports of SUV Magnite to Indonesia, South Africa, Nepal: PTI
Bharti Airtel (BHARTI): To partner Tata group on indigenous 5G technology
Brigade Enterprises (BRGD): Says QIP floor price set at INR276.5/share
Dish TV (DITY): Approvesup to INR10b rights share issue
Oil India (OINL): 4Q net income -8.4% y/y to 8.48b rupees, beats est. 6.32b; revenue 25.8b vs est. 27.4b
State Bank of India (SBI): Approves raisingup to 140b rupees in AT1 Capital
*Reliance, Tata superapps gear up for battle royale in e-commerce space*
While Tata has an upper hand like in-house products and brands, RIL has the backing of global biggies like Google, Facebook and Microsoft, says head of a rating firm
https://www.business-standard.com/article/companies/reliance-tata-superapps-gear-up-for-battle-royale-in-e-commerce-space-121062100676_1.html
*Stiff compliance, flash sale ban in draft norms for e-commerce firms*
Govt proposes appointing chief compliance officer, nodal contact person mandatory for companies
The proposed rules have been released at a time when DPIIT is also trying to roll out a comprehensive e-commerce policy aimed at addressing the regulatory challenges sector
https://www.business-standard.com/article/companies/govt-proposes-stiff-compliance-measures-for-e-commerce-companies-121062101580_1.html
*With growth prospects improving, more steam left in NTPC stock*
The power generator's growth prospects are improving and capacity expansions provide medium-term visibility
https://www.business-standard.com/article/companies/with-growth-prospects-improving-more-steam-left-in-ntpc-stock-121062101356_1.html
*Adani Transmission seeks shareholders' approval to raise Rs 2,500 cr*
Adani Transmission will seek shareholders nod to raise up to Rs 2,500 crore in one or more tranches through the issuance of equity shares, securities, debentures etc
https://www.business-standard.com/article/companies/adani-transmission-seeks-shareholders-approval-to-raise-rs-2-500-cr-121062101347_1.html
*Dish TV gets board nod to raise up to Rs 1,000 cr through rights issue*
Direct-to-home company Dish TV India Ltd on Monday said its board has approved raising up to Rs 1,000 crore through a rights issue in one or more tranches.
https://www.business-standard.com/article/companies/dish-tv-gets-board-nod-to-raise-up-to-rs-1-000-cr-through-rights-issue-121062101282_1.html
*5G traction likely to add to Tech Mahindra's order book, growth*
Valuations at a 30% discount to peers are also at attractive levels
https://www.business-standard.com/article/companies/5g-traction-likely-to-add-to-tech-mahindra-s-order-book-growth-121062101228_1.html
*SAT dismisses Rana Kapoor's appeal against Sebi's Rs 1-cr penalty order*
Case relates Sebi show-cause to Kapoor and his firm for alleged lapse in disclosure norms
In May 2019, Sebi had issued show cause notices to Kapoor and his firm for the alleged lapse in disclosure norms
https://www.business-standard.com/article/companies/sat-dismisses-rana-kapoor-s-appeal-against-sebi-s-rs-1-cr-penalty-order-121062101201_1.html
*Tiger Global, Sequoia lead $25 mn round in financing startup Progcap*
Founded by Pallavi Shrivastava and Himanshu Chandra, Progcap has over 300,000 retailers across 50 corporates and has disbursed over Rs 1,500 crore of loans so far
https://www.business-standard.com/article/companies/tiger-global-sequoia-lead-25-mn-round-in-financing-startup-progcap-121062100334_1.html
*Covid-19 impact on Ola, Uber lower during second wave; Ola fares better*
The mobility sector is amongst the worst hit due to Covid-19 and both Ola and Uber have lost revenue
Monthly active users (MAUs) of Ola and Uber fell 25.2 per cent over March to May 2021, compared to a 44 per cent drop from March to April 2020.
https://www.business-standard.com/article/companies/covid-19-impact-on-ola-uber-lower-during-second-wave-ola-fares-better-121062100115_1.html
*Shares of four Adani Group companies locked in 5% upper circuit*
Adani Green Energy (Rs 1,115.85), Adani Transmission (Rs 1,297.65), Adani Total Gas (Rs 1,321) and Adani Power (Rs 120.60) were locked in 5 per cent upper circuit on the BSE
Last week, all Adani group stocks had come under pressure after a media report suggested that the NSDL had frozen accounts of three foreign funds that own stake in four of Adani Group companies
https://www.business-standard.com/article/companies/shares-of-four-adani-group-companies-locked-in-5-upper-circuit-121062200011_1.html
*Sunidhi-Himanshu*
While Tata has an upper hand like in-house products and brands, RIL has the backing of global biggies like Google, Facebook and Microsoft, says head of a rating firm
https://www.business-standard.com/article/companies/reliance-tata-superapps-gear-up-for-battle-royale-in-e-commerce-space-121062100676_1.html
*Stiff compliance, flash sale ban in draft norms for e-commerce firms*
Govt proposes appointing chief compliance officer, nodal contact person mandatory for companies
The proposed rules have been released at a time when DPIIT is also trying to roll out a comprehensive e-commerce policy aimed at addressing the regulatory challenges sector
https://www.business-standard.com/article/companies/govt-proposes-stiff-compliance-measures-for-e-commerce-companies-121062101580_1.html
*With growth prospects improving, more steam left in NTPC stock*
The power generator's growth prospects are improving and capacity expansions provide medium-term visibility
https://www.business-standard.com/article/companies/with-growth-prospects-improving-more-steam-left-in-ntpc-stock-121062101356_1.html
*Adani Transmission seeks shareholders' approval to raise Rs 2,500 cr*
Adani Transmission will seek shareholders nod to raise up to Rs 2,500 crore in one or more tranches through the issuance of equity shares, securities, debentures etc
https://www.business-standard.com/article/companies/adani-transmission-seeks-shareholders-approval-to-raise-rs-2-500-cr-121062101347_1.html
*Dish TV gets board nod to raise up to Rs 1,000 cr through rights issue*
Direct-to-home company Dish TV India Ltd on Monday said its board has approved raising up to Rs 1,000 crore through a rights issue in one or more tranches.
https://www.business-standard.com/article/companies/dish-tv-gets-board-nod-to-raise-up-to-rs-1-000-cr-through-rights-issue-121062101282_1.html
*5G traction likely to add to Tech Mahindra's order book, growth*
Valuations at a 30% discount to peers are also at attractive levels
https://www.business-standard.com/article/companies/5g-traction-likely-to-add-to-tech-mahindra-s-order-book-growth-121062101228_1.html
*SAT dismisses Rana Kapoor's appeal against Sebi's Rs 1-cr penalty order*
Case relates Sebi show-cause to Kapoor and his firm for alleged lapse in disclosure norms
In May 2019, Sebi had issued show cause notices to Kapoor and his firm for the alleged lapse in disclosure norms
https://www.business-standard.com/article/companies/sat-dismisses-rana-kapoor-s-appeal-against-sebi-s-rs-1-cr-penalty-order-121062101201_1.html
*Tiger Global, Sequoia lead $25 mn round in financing startup Progcap*
Founded by Pallavi Shrivastava and Himanshu Chandra, Progcap has over 300,000 retailers across 50 corporates and has disbursed over Rs 1,500 crore of loans so far
https://www.business-standard.com/article/companies/tiger-global-sequoia-lead-25-mn-round-in-financing-startup-progcap-121062100334_1.html
*Covid-19 impact on Ola, Uber lower during second wave; Ola fares better*
The mobility sector is amongst the worst hit due to Covid-19 and both Ola and Uber have lost revenue
Monthly active users (MAUs) of Ola and Uber fell 25.2 per cent over March to May 2021, compared to a 44 per cent drop from March to April 2020.
https://www.business-standard.com/article/companies/covid-19-impact-on-ola-uber-lower-during-second-wave-ola-fares-better-121062100115_1.html
*Shares of four Adani Group companies locked in 5% upper circuit*
Adani Green Energy (Rs 1,115.85), Adani Transmission (Rs 1,297.65), Adani Total Gas (Rs 1,321) and Adani Power (Rs 120.60) were locked in 5 per cent upper circuit on the BSE
Last week, all Adani group stocks had come under pressure after a media report suggested that the NSDL had frozen accounts of three foreign funds that own stake in four of Adani Group companies
https://www.business-standard.com/article/companies/shares-of-four-adani-group-companies-locked-in-5-upper-circuit-121062200011_1.html
*Sunidhi-Himanshu*
Business-Standard
Reliance, Tata superapps gear up for battle royale in e-commerce space
While Tata has an upper hand like in-house products and brands, RIL has the backing of global biggies like Google, Facebook and Microsoft, says head of a rating firm
India Today:
* NIFTY Jun future closed at 15743.8 with a discount of 3 points, while Jul futures were at a premium of 45 points towards close.
*Insti Flows: FII(Rs bn) :Cash-12.4 IdxFut-4.78 IdxOpt+17.34 SSF+0.74 SSO+4.51, DII+1.38 Fut OI, OI% & basis :Nifty Rs170bn0%, -3 & Bnif Rs70bn+1%, +40 SSFRs1665 +1.41% Total OI Rs6682+ 6.5%
* India’s central bank to auction state govt bonds; NMDC, Bharat Electronics, GE Power India among companies reporting earnings; Hindustan Unilever to hold annual shareholders’ meeting; health ministry to brief on virus situation & vaccination, Foreign Minister S. Jaishankar to speak at Qatar Economic Forum, powered by Bloomberg.
* India Virus Tracker: Cases 29.94 million; Deaths 388,135 | India Says 7.5m Covid Vaccine Doses Given So Far Monday | Virus Tracker: Global Vaccinations, Cases, Deaths Tally
Africa to Get mRNA Facility; Indonesia Cases Rise: Virus Update
Rollover Snap Shot:
* The Nifty rollovers were marginally above average at 24% vs. 25%, Bank-Nifty rollovers (%) were above average at 31% vs. 27%; The SSF roll% were marginally above average at 38% vs 37% JULY is the 5 week expiry. 33 points dividend is expected in the month of July series..
* MISC ,OIL_GAS ,MEDIA ,TELECOM ,AUTO_ETC ,METALS_ETC ,TEXTILES ,rolled above average, while rolled below average are ENGG_CG ,CONSTRUCTION ,IT ,CEMENT ,FINANCIALS ,CHEMICALS ,PHARMA ,FMCG ,POWER.
* Low Roll%:
- Nifty: MARUTI, INFY, NTPC, SUNPHARMA, HINDUNILVR, AXISBANK, LT, ICICIBANK
- Non-Nifty(front OI >$10m) :BHEL, PEL, LUPIN, ACC, BEL, BHARATFORG, CONCOR, NAUKRI, APOLLOHOSP, CHOLAFIN
* Below Average Roll%:
- Nifty: CIPLA, INDUSINDBK, BAJFINANCE, ICICIBANK, SUNPHARMA, HDFC, HINDUNILVR
- Non-Nifty(front OI >$10m) :BHEL, MUTHOOTFIN, CONCOR, CHOLAFIN, LUPIN, PEL, NMDC, HAVELLS, PNB, TATACHEM
Open Interest Activity
Nifty Stock :
Long Buildup : SBIN | ULTRACEMCO | NTPC | TATAPOWER | AMBUJACEM | | | | |
Short Covering : BHEL | HINDUNILVR | ADANIPORTS | GRASIM | HDFC | BANKBARODA | INDUSINDBK | | |
Short Buildup : HINDALCO | IDEA
Non-Nifty Stock :
Long Buildup : BATAINDIA | CANBK | RBLBANK | GMRINFRA | L&TFH | PEL | SAIL | AMBUJACEM | DLF | INDIGO
Short Covering : PETRONET | IDFCFIRSTB | BHEL | MFSL | ADANIENT | HINDPETRO | TVSMOTOR | CADILAHC | PIDILITIND | PNB
Short Buildup : SRF | JINDALSTEL | COLPAL | MRF | SIEMENS | HAVELLS | IDEA | VOLTAS | BALKRISIND | JUBLFOOD
Long Liquidation : PVR | CUMMINSIND
Options Chain:
Nifty
24-Jun-21
- Max Call OI is @ 16000 with ,(74k ctcs ) ; 15800 (55k ctcs )
- Max Put OI is @ 15000 with ,(65k ctcs ) ; 15500 (64k ctcs )
- Call added OI is @ 16000 (15k ctcs ); 15900 (9k ctcs )
- Put added OI is @ 15600 (19k ctcs ); 15500 (13k ctcs )
BankNifty
- Max Call OI is @ 35000 with ,(52k ctcs ) ; 36000 (50k ctcs )
- Max Put OI is @ 33000 with ,(67k ctcs ) ; 34000 (61k ctcs )
- Call added OI is @ 37000 (8k ctcs ); 35500 (5k ctcs )
- Put added OI is @ 33000 (36k ctcs ); 34000 (22k ctcs )
EARNINGS:
* Aster DM Healthcare (ASTERDM) 4Q
* Ashapura Minechem Ltd. (ASMN) 4Q
* Avanti Feeds Ltd. (AVNT) 4Q
* Bharat Electronics Ltd. (BHE) 4Q
* GE Power India Ltd. (GEPIL) 4Q
* ITI Ltd. (ITI) 4Q
* Max India Ltd. (MAXINDIA) 4Q
* NMDC Ltd. Group (NMDC) 4Q
* Peninsula Land Ltd. (PENL) 4Q
* Religare Enterprises Ltd. (RELG) 4Q
* Sobha Ltd. (SOBHA) 4Q
ON THE RADAR/ EQUITY PREVIEW:
* Bharti Airtel (BHARTI): To partner Tata group on indigenous 5G technology
* Brigade Enterprises (BRGD): Says QIP floor price set at INR276.5/share
* Dish TV (DITY): Approves up to INR10b rights share issue
* Oil India (OINL): 4Q net income -8.4% y/y to 8.48b rupees, beats est. 6.32b; revenue 25.8b vs est. 27.4b
* State Bank of India (SBI): Approves raising up to 140b rupees in AT1 Capital
* Dalio, Summers Warn Inflation Could Derail Recovery: Qatar Forum
* Asia’s Richest Man Says ‘No Option’ But to Make Businesses Green
* NIFTY Jun future closed at 15743.8 with a discount of 3 points, while Jul futures were at a premium of 45 points towards close.
*Insti Flows: FII(Rs bn) :Cash-12.4 IdxFut-4.78 IdxOpt+17.34 SSF+0.74 SSO+4.51, DII+1.38 Fut OI, OI% & basis :Nifty Rs170bn0%, -3 & Bnif Rs70bn+1%, +40 SSFRs1665 +1.41% Total OI Rs6682+ 6.5%
* India’s central bank to auction state govt bonds; NMDC, Bharat Electronics, GE Power India among companies reporting earnings; Hindustan Unilever to hold annual shareholders’ meeting; health ministry to brief on virus situation & vaccination, Foreign Minister S. Jaishankar to speak at Qatar Economic Forum, powered by Bloomberg.
* India Virus Tracker: Cases 29.94 million; Deaths 388,135 | India Says 7.5m Covid Vaccine Doses Given So Far Monday | Virus Tracker: Global Vaccinations, Cases, Deaths Tally
Africa to Get mRNA Facility; Indonesia Cases Rise: Virus Update
Rollover Snap Shot:
* The Nifty rollovers were marginally above average at 24% vs. 25%, Bank-Nifty rollovers (%) were above average at 31% vs. 27%; The SSF roll% were marginally above average at 38% vs 37% JULY is the 5 week expiry. 33 points dividend is expected in the month of July series..
* MISC ,OIL_GAS ,MEDIA ,TELECOM ,AUTO_ETC ,METALS_ETC ,TEXTILES ,rolled above average, while rolled below average are ENGG_CG ,CONSTRUCTION ,IT ,CEMENT ,FINANCIALS ,CHEMICALS ,PHARMA ,FMCG ,POWER.
* Low Roll%:
- Nifty: MARUTI, INFY, NTPC, SUNPHARMA, HINDUNILVR, AXISBANK, LT, ICICIBANK
- Non-Nifty(front OI >$10m) :BHEL, PEL, LUPIN, ACC, BEL, BHARATFORG, CONCOR, NAUKRI, APOLLOHOSP, CHOLAFIN
* Below Average Roll%:
- Nifty: CIPLA, INDUSINDBK, BAJFINANCE, ICICIBANK, SUNPHARMA, HDFC, HINDUNILVR
- Non-Nifty(front OI >$10m) :BHEL, MUTHOOTFIN, CONCOR, CHOLAFIN, LUPIN, PEL, NMDC, HAVELLS, PNB, TATACHEM
Open Interest Activity
Nifty Stock :
Long Buildup : SBIN | ULTRACEMCO | NTPC | TATAPOWER | AMBUJACEM | | | | |
Short Covering : BHEL | HINDUNILVR | ADANIPORTS | GRASIM | HDFC | BANKBARODA | INDUSINDBK | | |
Short Buildup : HINDALCO | IDEA
Non-Nifty Stock :
Long Buildup : BATAINDIA | CANBK | RBLBANK | GMRINFRA | L&TFH | PEL | SAIL | AMBUJACEM | DLF | INDIGO
Short Covering : PETRONET | IDFCFIRSTB | BHEL | MFSL | ADANIENT | HINDPETRO | TVSMOTOR | CADILAHC | PIDILITIND | PNB
Short Buildup : SRF | JINDALSTEL | COLPAL | MRF | SIEMENS | HAVELLS | IDEA | VOLTAS | BALKRISIND | JUBLFOOD
Long Liquidation : PVR | CUMMINSIND
Options Chain:
Nifty
24-Jun-21
- Max Call OI is @ 16000 with ,(74k ctcs ) ; 15800 (55k ctcs )
- Max Put OI is @ 15000 with ,(65k ctcs ) ; 15500 (64k ctcs )
- Call added OI is @ 16000 (15k ctcs ); 15900 (9k ctcs )
- Put added OI is @ 15600 (19k ctcs ); 15500 (13k ctcs )
BankNifty
- Max Call OI is @ 35000 with ,(52k ctcs ) ; 36000 (50k ctcs )
- Max Put OI is @ 33000 with ,(67k ctcs ) ; 34000 (61k ctcs )
- Call added OI is @ 37000 (8k ctcs ); 35500 (5k ctcs )
- Put added OI is @ 33000 (36k ctcs ); 34000 (22k ctcs )
EARNINGS:
* Aster DM Healthcare (ASTERDM) 4Q
* Ashapura Minechem Ltd. (ASMN) 4Q
* Avanti Feeds Ltd. (AVNT) 4Q
* Bharat Electronics Ltd. (BHE) 4Q
* GE Power India Ltd. (GEPIL) 4Q
* ITI Ltd. (ITI) 4Q
* Max India Ltd. (MAXINDIA) 4Q
* NMDC Ltd. Group (NMDC) 4Q
* Peninsula Land Ltd. (PENL) 4Q
* Religare Enterprises Ltd. (RELG) 4Q
* Sobha Ltd. (SOBHA) 4Q
ON THE RADAR/ EQUITY PREVIEW:
* Bharti Airtel (BHARTI): To partner Tata group on indigenous 5G technology
* Brigade Enterprises (BRGD): Says QIP floor price set at INR276.5/share
* Dish TV (DITY): Approves up to INR10b rights share issue
* Oil India (OINL): 4Q net income -8.4% y/y to 8.48b rupees, beats est. 6.32b; revenue 25.8b vs est. 27.4b
* State Bank of India (SBI): Approves raising up to 140b rupees in AT1 Capital
* Dalio, Summers Warn Inflation Could Derail Recovery: Qatar Forum
* Asia’s Richest Man Says ‘No Option’ But to Make Businesses Green
* Reliance has set a 2035 target to be a carbon-neutral co.
* India Extends Transmission-Fee Waiver for Renewable Projects
* India Coal Power Giant Nearly Doubles Renewable Energy Target
* NTPC board aims to have 60 gigawatts clean power by 2032
* Duflo, Rajan Named to Indian State’s Economic Advisory Panel
* SAT Allows PNB Housing To Conduct E-Voting On Pref Allotment: BQ
* Indian Firms List at Fastest Pace Since 2008: ECM Watch
* INDIA DISTRESSED WATCH: Reliance Comm Hearing, Jain Bond Recast
* RBI Converts INR67B Short Bonds to Long Debt, Less Than Planned
* India Public Sector Lenders Surge on Bank Divestment Report
* Emerging-Market ETFs Saw Smallest Inflow Since October Last Week
* Emerging Market ETFs Rise for 33rd Week in $47.8 BlnStreak
* India Cumulative Monsoon Rainfall 37% Above Normal as June 21
* Global Funds Sell Net INR12.4B of India Stocks on Monday: NSE
* Domestic funds buy net 1.38b rupees of stocks
* Foreign Investors Buy Net INR26.3B of Indian Equities on June 18
* Foreigners Buy Net INR17.8B of Indian Equity Derivatives Monday
MEDIA REPORTS:
* FinMin, Infy meet on glitches in new income-tax portal on Tuesday: PTI
* Nissan India starts exports of SUV Magnite to Indonesia, South Africa, Nepal: PTI
* Bharat Biotech Submits Covaxin Data to Indian Regulator: ET (1)
GOVERNMENT (All times India Time):
* 11:30am: Ministry of Renewable Energy hold a curtain raiser press meet on “India’s role as a Global Champion for the Energy Transition theme at the UN High Level Dialogue on Energy 2021”
* 3pm: Jitendra Singh, MoS for DoNER & PMO office, at ASSOCHAM webinar on “Manipur-The Land of Emerging Opportunities”
* 4pm: New Delhi. Health Ministry to brief media on the actions taken, preparedness and updates on Covid-19 and vaccination
* 4:30pm: V.S. Sundaresan, ED of SEBI, to address ASSOCHAM webinar on “Indian Capital Market @US 5$ Trillion Mark - The Way Forward”
* 7:15pm: Foreign Minister S. Jaishankar speaks at the Qatar Economic Forum
CENTRAL BANK (All times India Time):
* Nothing major scheduled
BOND SALES/PURCHASES (All times India Time):
* Indian States Govt to Sell INR191b of Bonds in Auction: RBI
CORPORATE BONDS:
* INDIA SHORT-TERM DEBT: Bhel, NCDC, Reliance Industries
* Axis Finance Sells INR1.5b 3Y Bonds at 5.72%
* Bajaj Housing Finance Sells INR9.85b 3Y Bonds at 5.60%
* M&M Financial Plans to Sell up to INR3B Bonds on June 23
* Shriram City Union Plans to Sell Up to INR1b 10Y Bonds June 22
* Sundaram Finance to Sell INR5b 2-Part Bond on June 22
* Tata Capital Housing Plans to Sell Up to INR3.2b Bonds June 22
* TMF Holdings Plans to Sell Up to INR2b Perpetual Bonds June 22
CORPORATE EVENTS:
* 11:30am: P.R. Jaishankar, MD of Infrastructure Finance Co. holds a virtual press meet to share its FY21 results & important fulture plans
* 2pm: Ashoka Buildcon hosts confernce call to discuss on 4Q FY21 earnings
* 3pm: Oil India conference call to discuss 4Q FY21 earnings
* 3pm: Khadim India conference call to discuss 4Q FY21 earnings
* 3:30pm: Max India Ltd.’s conference call on 4Q FY21 results
* 5pm: EY India hosts Tax discussion on ‘G7 tax proposals and other key global trends: impact on India’
* Centrum Capital to consider fund raising via rights or QIP issue
* AGMs: Hindustan Unilever (3 p.m.); Indian Hotels (3 p.m.); Nippon Life India Asset Management (12 p.m.)
OFFERINGS:
* IIFL Home Finance Files Draft Prospectus for INR50B NCD Issue
* India Extends Transmission-Fee Waiver for Renewable Projects
* India Coal Power Giant Nearly Doubles Renewable Energy Target
* NTPC board aims to have 60 gigawatts clean power by 2032
* Duflo, Rajan Named to Indian State’s Economic Advisory Panel
* SAT Allows PNB Housing To Conduct E-Voting On Pref Allotment: BQ
* Indian Firms List at Fastest Pace Since 2008: ECM Watch
* INDIA DISTRESSED WATCH: Reliance Comm Hearing, Jain Bond Recast
* RBI Converts INR67B Short Bonds to Long Debt, Less Than Planned
* India Public Sector Lenders Surge on Bank Divestment Report
* Emerging-Market ETFs Saw Smallest Inflow Since October Last Week
* Emerging Market ETFs Rise for 33rd Week in $47.8 BlnStreak
* India Cumulative Monsoon Rainfall 37% Above Normal as June 21
* Global Funds Sell Net INR12.4B of India Stocks on Monday: NSE
* Domestic funds buy net 1.38b rupees of stocks
* Foreign Investors Buy Net INR26.3B of Indian Equities on June 18
* Foreigners Buy Net INR17.8B of Indian Equity Derivatives Monday
MEDIA REPORTS:
* FinMin, Infy meet on glitches in new income-tax portal on Tuesday: PTI
* Nissan India starts exports of SUV Magnite to Indonesia, South Africa, Nepal: PTI
* Bharat Biotech Submits Covaxin Data to Indian Regulator: ET (1)
GOVERNMENT (All times India Time):
* 11:30am: Ministry of Renewable Energy hold a curtain raiser press meet on “India’s role as a Global Champion for the Energy Transition theme at the UN High Level Dialogue on Energy 2021”
* 3pm: Jitendra Singh, MoS for DoNER & PMO office, at ASSOCHAM webinar on “Manipur-The Land of Emerging Opportunities”
* 4pm: New Delhi. Health Ministry to brief media on the actions taken, preparedness and updates on Covid-19 and vaccination
* 4:30pm: V.S. Sundaresan, ED of SEBI, to address ASSOCHAM webinar on “Indian Capital Market @US 5$ Trillion Mark - The Way Forward”
* 7:15pm: Foreign Minister S. Jaishankar speaks at the Qatar Economic Forum
CENTRAL BANK (All times India Time):
* Nothing major scheduled
BOND SALES/PURCHASES (All times India Time):
* Indian States Govt to Sell INR191b of Bonds in Auction: RBI
CORPORATE BONDS:
* INDIA SHORT-TERM DEBT: Bhel, NCDC, Reliance Industries
* Axis Finance Sells INR1.5b 3Y Bonds at 5.72%
* Bajaj Housing Finance Sells INR9.85b 3Y Bonds at 5.60%
* M&M Financial Plans to Sell up to INR3B Bonds on June 23
* Shriram City Union Plans to Sell Up to INR1b 10Y Bonds June 22
* Sundaram Finance to Sell INR5b 2-Part Bond on June 22
* Tata Capital Housing Plans to Sell Up to INR3.2b Bonds June 22
* TMF Holdings Plans to Sell Up to INR2b Perpetual Bonds June 22
CORPORATE EVENTS:
* 11:30am: P.R. Jaishankar, MD of Infrastructure Finance Co. holds a virtual press meet to share its FY21 results & important fulture plans
* 2pm: Ashoka Buildcon hosts confernce call to discuss on 4Q FY21 earnings
* 3pm: Oil India conference call to discuss 4Q FY21 earnings
* 3pm: Khadim India conference call to discuss 4Q FY21 earnings
* 3:30pm: Max India Ltd.’s conference call on 4Q FY21 results
* 5pm: EY India hosts Tax discussion on ‘G7 tax proposals and other key global trends: impact on India’
* Centrum Capital to consider fund raising via rights or QIP issue
* AGMs: Hindustan Unilever (3 p.m.); Indian Hotels (3 p.m.); Nippon Life India Asset Management (12 p.m.)
OFFERINGS:
* IIFL Home Finance Files Draft Prospectus for INR50B NCD Issue
KKR buys $625 million stake in Vini
https://www.livemint.com/companies/news/kkr-buys-625-million-stake-in-vini-11624300644806.html
https://www.livemint.com/companies/news/kkr-buys-625-million-stake-in-vini-11624300644806.html
mint
KKR buys $625 million stake in Vini
The founders, led by brothers Darshan and Dipam Patel, will continue to hold a significant stake in Vini and collaborate with KKR to drive the company’s growth, the private equity firm said
Govt eases listing norms for companies having over ₹1 lakh cr m-cap
https://www.livemint.com/companies/news/govt-eases-listing-norms-for-companies-having-over-rs-1-lakh-cr-mcap-11624297446693.html
https://www.livemint.com/companies/news/govt-eases-listing-norms-for-companies-having-over-rs-1-lakh-cr-mcap-11624297446693.html
mint
Govt eases listing norms for companies having over ₹1 lakh cr m-cap
Such entities will be required to increase its public shareholding to 10 per cent in two years and raise the same to at least 25 per cent within five year.In February this year, Sebi's board approved relaxing the minimum public offer norms for large issuers
Govt eases listing norms for companies having over ₹1 lakh cr m-cap
https://www.livemint.com/companies/news/govt-eases-listing-norms-for-companies-having-over-rs-1-lakh-cr-mcap-11624297446693.html
https://www.livemint.com/companies/news/govt-eases-listing-norms-for-companies-having-over-rs-1-lakh-cr-mcap-11624297446693.html
mint
Govt eases listing norms for companies having over ₹1 lakh cr m-cap
Such entities will be required to increase its public shareholding to 10 per cent in two years and raise the same to at least 25 per cent within five year.In February this year, Sebi's board approved relaxing the minimum public offer norms for large issuers
NCLT to pass order on Kalrock-Jalan's plan for Jet Airways revival today
https://mybs.in/2ZfCfZK
－shared via Business Standard iPhone App
https://mybs.in/2ZfCfZK
－shared via Business Standard iPhone App
Business-Standard
NCLT to pass order on Kalrock-Jalan's plan for Jet Airways revival today
The airline suspended operations in April 2019 and is under insolvency for nearly two years
Centre to tighten e-commerce rules
https://www.livemint.com/news/india/govt-to-tighten-rules-on-e-commerce-to-impose-ban-on-flash-sale-of-products-11624288529035.html
https://www.livemint.com/news/india/govt-to-tighten-rules-on-e-commerce-to-impose-ban-on-flash-sale-of-products-11624288529035.html
mint
Centre to tighten e-commerce rules
Government proposes to limit so-called ‘flash sales’ by e-tailers.E-commerce firms are also expected to establish adequate redressal mechanisms and appoint a chief compliance officer
🔹 *STOCKS TO WATCH:*
OIL INDIA, B L KASHYAP, MM FORGINGS, GPT INFRA, VST TILLERS, BHARTI AIRTEL, KPIT TECH, SAIL
Oil India: Q4 Sl Net Profit 8.48b Rupees Vs 9.26b (YoY); Est 7.66b | 9.04b (QoQ) || Q4 Revenue 25.80b Rupees Vs 25.9b (YoY) || Exceptional Loss Of 701m Rupees
B L Kashyap & Sons: Co Got New Orders From Domestic Unrelated Clients Of About 3.69b Rupees
MM Forgings: Q4 Cons Net Profit 341.2m Rupees Vs 31m (YoY) | 154.7m (QoQ) || Q4 Revenue 2.93b Rupees Vs 1.65b (YoY) || Declared Interim Dividend Of 5 Rupees/Share
GPT Infraprojects: Q4 Cons Net Profit 83.9m Rupees Vs 9.5m (YoY) | 49.4m (QoQ) || Q4 Revenue 2.12b Rupees Vs 1.87b (YoY) || Recommended Final Dividend Of 1 Rupee Per Share
VST Tillers: Q4 Sl Net Profit 129.3m Rupees Vs Loss 34m (YoY); Est Profit 250m | Profit 308m (QoQ) || Q4 Revenue 1.95b Rupees Vs 1.2b (YoY) || Recommended Final Dividend Of 20 Rupees Per Share
Bharti Airtel: Co, Tata Group Announce Strategic Partnership For Implementing 5g Networks Solutions For India
KPIT Technologies: Co Approved Acquisition Of Pathpartner Technology || Total Consideration For 60% Stake Is 890m Rupees || Total Consideration For 100% Stake Will Not Exceed 1.91b Rupees
SAIL: Life Insurance Corp Of India Cuts Stake In Co From 10.71% To 8.69%
🔹 *Earnings Today:*
Aster DM, Avanti Feeds, Bharat Electronics, GE Power, ITI, Kilitch Drugs, Max India, NMDC, Omax Autos, PNB Gilts
🔹 *2 Stocks under F&O ban forTODAY:*
1️⃣Vodafone Idea
2️⃣Sun TV Network
New in Ban: Vodafone Idea
Out of Ban: Adani Ports, PNB and BHEL
OIL INDIA, B L KASHYAP, MM FORGINGS, GPT INFRA, VST TILLERS, BHARTI AIRTEL, KPIT TECH, SAIL
Oil India: Q4 Sl Net Profit 8.48b Rupees Vs 9.26b (YoY); Est 7.66b | 9.04b (QoQ) || Q4 Revenue 25.80b Rupees Vs 25.9b (YoY) || Exceptional Loss Of 701m Rupees
B L Kashyap & Sons: Co Got New Orders From Domestic Unrelated Clients Of About 3.69b Rupees
MM Forgings: Q4 Cons Net Profit 341.2m Rupees Vs 31m (YoY) | 154.7m (QoQ) || Q4 Revenue 2.93b Rupees Vs 1.65b (YoY) || Declared Interim Dividend Of 5 Rupees/Share
GPT Infraprojects: Q4 Cons Net Profit 83.9m Rupees Vs 9.5m (YoY) | 49.4m (QoQ) || Q4 Revenue 2.12b Rupees Vs 1.87b (YoY) || Recommended Final Dividend Of 1 Rupee Per Share
VST Tillers: Q4 Sl Net Profit 129.3m Rupees Vs Loss 34m (YoY); Est Profit 250m | Profit 308m (QoQ) || Q4 Revenue 1.95b Rupees Vs 1.2b (YoY) || Recommended Final Dividend Of 20 Rupees Per Share
Bharti Airtel: Co, Tata Group Announce Strategic Partnership For Implementing 5g Networks Solutions For India
KPIT Technologies: Co Approved Acquisition Of Pathpartner Technology || Total Consideration For 60% Stake Is 890m Rupees || Total Consideration For 100% Stake Will Not Exceed 1.91b Rupees
SAIL: Life Insurance Corp Of India Cuts Stake In Co From 10.71% To 8.69%
🔹 *Earnings Today:*
Aster DM, Avanti Feeds, Bharat Electronics, GE Power, ITI, Kilitch Drugs, Max India, NMDC, Omax Autos, PNB Gilts
🔹 *2 Stocks under F&O ban forTODAY:*
1️⃣Vodafone Idea
2️⃣Sun TV Network
New in Ban: Vodafone Idea
Out of Ban: Adani Ports, PNB and BHEL
*Result Highlights*
Info Edge (India) Ltd.: Net Revenue at Rs. 296.5 crore, Rs. 327.6 crore YoY, Rs. 277.6 crore QoQ (-9.5% YoY, +6.8% QoQ). EBITDA at Rs. 52.1 crore, Rs. 91.6 crore YoY, Rs. 67.2 crore QoQ (-43.1% YoY, -22.5% QoQ). EBITDA Margin at 17.6%, -1040 bps YoY and -663 bps QoQ. Net Profit at Rs. 308.1 crore, Rs. 119.1 crore YoY, Rs. 679.0 crore QoQ (+158.7% YoY, -54.6% QoQ).
Oil India Ltd.: Net Revenue at Rs. 6504.9 crore, Rs. 4540.4 crore YoY, Rs. 6330.0 crore QoQ (+43.3% YoY, +2.8% QoQ). EBITDA at Rs. 1886.9 crore, Rs. -12.7 crore YoY, Rs. 1160.8 crore QoQ. EBITDA Margin at 29%, +2929 bps YoY and +1067 bps QoQ. Net Profit at Rs. 1142.4 crore, Rs. 1729.4 crore YoY, Rs. 1567.9 crore QoQ (-33.9% YoY, -27.1% QoQ). Ashika
Bharat Dynamics Ltd.: Net Revenue at Rs. 1136.9 crore, Rs. 1439.4 crore YoY, Rs. 459.3 crore QoQ (-21% YoY, +147.5% QoQ). EBITDA at Rs. 344.3 crore, Rs. 414.1 crore YoY, Rs. 39.7 crore QoQ (-16.8% YoY, +766.5% QoQ). EBITDA Margin at 30.3%, +152 bps YoY and +2164 bps QoQ. Net Profit at Rs. 260.4 crore, Rs. 309.7 crore YoY, Rs. 49.2 crore QoQ (-15.9% YoY, +429.3% QoQ).
TCNS Clothing Co Ltd.: Net Revenue at Rs. 221.1 crore, Rs. 219.2 crore YoY, Rs. 237.9 crore QoQ (+0.9% YoY, -7.1% QoQ). EBITDA at Rs. 22.9 crore, Rs. -4.8 crore YoY, Rs. 38.5 crore QoQ. EBITDA Margin at 10.4%, +1257 bps YoY and +-579 bps QoQ. Net Profit at Rs. 3.9 crore, Rs. -23.8 crore YoY, Rs. 12.7 crore QoQ.
Jaiprakash Associates Ltd.: Net Revenue at Rs. 2517.2 crore, Rs. 1876.0 crore YoY, Rs. 1440.4 crore QoQ (+34.2% YoY, +74.8% QoQ). EBITDA at Rs. 691.6 crore, Rs. 123.0 crore YoY, Rs. 74.2 crore QoQ (+462.2% YoY, +831.8% QoQ). EBITDA Margin at 27.5%, +2092 bps YoY and +2232 bps QoQ. Net Profit at Rs. 424.4 crore, Rs. 3068.3 crore YoY, Rs. -302.1 crore QoQ. Ashika
MM Forgings Ltd.: Net Revenue at Rs. 285.8 crore, Rs. 168.5 crore YoY, Rs. 222.9 crore QoQ (+69.6% YoY, +28.2% QoQ). EBITDA at Rs. 56.5 crore, Rs. 33.2 crore YoY, Rs. 39.9 crore QoQ (+70% YoY, +41.5% QoQ). EBITDA Margin at 19.8%, +4 bps YoY and +185 bps QoQ. Net Profit at Rs. 30.1 crore, Rs. 6.5 crore YoY, Rs. 15.3 crore QoQ (+360.9% YoY, +96.5% QoQ).
HBL Power Systems Ltd.: Net Revenue at Rs. 299.8 crore, Rs. 262.8 crore YoY, Rs. 233.2 crore QoQ (+14.1% YoY, +28.5% QoQ). EBITDA at Rs. 24.4 crore, Rs. 22.3 crore YoY, Rs. 20.6 crore QoQ (+9.3% YoY, +18.4% QoQ). EBITDA Margin at 8.1%, -36 bps YoY and -69 bps QoQ. Net Profit at Rs. 10.2 crore, Rs. 9.3 crore YoY, Rs. 8.2 crore QoQ (+8.7% YoY, +24.1% QoQ).
Info Edge (India) Ltd.: Net Revenue at Rs. 296.5 crore, Rs. 327.6 crore YoY, Rs. 277.6 crore QoQ (-9.5% YoY, +6.8% QoQ). EBITDA at Rs. 52.1 crore, Rs. 91.6 crore YoY, Rs. 67.2 crore QoQ (-43.1% YoY, -22.5% QoQ). EBITDA Margin at 17.6%, -1040 bps YoY and -663 bps QoQ. Net Profit at Rs. 308.1 crore, Rs. 119.1 crore YoY, Rs. 679.0 crore QoQ (+158.7% YoY, -54.6% QoQ).
Oil India Ltd.: Net Revenue at Rs. 6504.9 crore, Rs. 4540.4 crore YoY, Rs. 6330.0 crore QoQ (+43.3% YoY, +2.8% QoQ). EBITDA at Rs. 1886.9 crore, Rs. -12.7 crore YoY, Rs. 1160.8 crore QoQ. EBITDA Margin at 29%, +2929 bps YoY and +1067 bps QoQ. Net Profit at Rs. 1142.4 crore, Rs. 1729.4 crore YoY, Rs. 1567.9 crore QoQ (-33.9% YoY, -27.1% QoQ). Ashika
Bharat Dynamics Ltd.: Net Revenue at Rs. 1136.9 crore, Rs. 1439.4 crore YoY, Rs. 459.3 crore QoQ (-21% YoY, +147.5% QoQ). EBITDA at Rs. 344.3 crore, Rs. 414.1 crore YoY, Rs. 39.7 crore QoQ (-16.8% YoY, +766.5% QoQ). EBITDA Margin at 30.3%, +152 bps YoY and +2164 bps QoQ. Net Profit at Rs. 260.4 crore, Rs. 309.7 crore YoY, Rs. 49.2 crore QoQ (-15.9% YoY, +429.3% QoQ).
TCNS Clothing Co Ltd.: Net Revenue at Rs. 221.1 crore, Rs. 219.2 crore YoY, Rs. 237.9 crore QoQ (+0.9% YoY, -7.1% QoQ). EBITDA at Rs. 22.9 crore, Rs. -4.8 crore YoY, Rs. 38.5 crore QoQ. EBITDA Margin at 10.4%, +1257 bps YoY and +-579 bps QoQ. Net Profit at Rs. 3.9 crore, Rs. -23.8 crore YoY, Rs. 12.7 crore QoQ.
Jaiprakash Associates Ltd.: Net Revenue at Rs. 2517.2 crore, Rs. 1876.0 crore YoY, Rs. 1440.4 crore QoQ (+34.2% YoY, +74.8% QoQ). EBITDA at Rs. 691.6 crore, Rs. 123.0 crore YoY, Rs. 74.2 crore QoQ (+462.2% YoY, +831.8% QoQ). EBITDA Margin at 27.5%, +2092 bps YoY and +2232 bps QoQ. Net Profit at Rs. 424.4 crore, Rs. 3068.3 crore YoY, Rs. -302.1 crore QoQ. Ashika
MM Forgings Ltd.: Net Revenue at Rs. 285.8 crore, Rs. 168.5 crore YoY, Rs. 222.9 crore QoQ (+69.6% YoY, +28.2% QoQ). EBITDA at Rs. 56.5 crore, Rs. 33.2 crore YoY, Rs. 39.9 crore QoQ (+70% YoY, +41.5% QoQ). EBITDA Margin at 19.8%, +4 bps YoY and +185 bps QoQ. Net Profit at Rs. 30.1 crore, Rs. 6.5 crore YoY, Rs. 15.3 crore QoQ (+360.9% YoY, +96.5% QoQ).
HBL Power Systems Ltd.: Net Revenue at Rs. 299.8 crore, Rs. 262.8 crore YoY, Rs. 233.2 crore QoQ (+14.1% YoY, +28.5% QoQ). EBITDA at Rs. 24.4 crore, Rs. 22.3 crore YoY, Rs. 20.6 crore QoQ (+9.3% YoY, +18.4% QoQ). EBITDA Margin at 8.1%, -36 bps YoY and -69 bps QoQ. Net Profit at Rs. 10.2 crore, Rs. 9.3 crore YoY, Rs. 8.2 crore QoQ (+8.7% YoY, +24.1% QoQ).