*China to Sell 20,000 Tons of Copper From State Reserves July 5-6*
China will also sell 30,000 tons of zinc and 50,000 tons of aluminum from state reserves in the first batch of release, according to statements from National Food and Strategic Reserves Administration. Open auction of the metals will be held July 5-6. (Bloomberg)
Very small qty as compared to wht market was forecasting.
Positive for metals
China will also sell 30,000 tons of zinc and 50,000 tons of aluminum from state reserves in the first batch of release, according to statements from National Food and Strategic Reserves Administration. Open auction of the metals will be held July 5-6. (Bloomberg)
Very small qty as compared to wht market was forecasting.
Positive for metals
*RANA SUGARS LTD.* | *CMP* Rs. 22 | *M Cap* Rs. 330 Cr | *52 W H/L* 24/4
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 513.2 Cr (76.5% QoQ, -1.5% YoY) vs QoQ Rs. 290.8 Cr, YoY Rs. 520.7 Cr
EBIDTA came at Rs. 88.3 Cr (216.8% QoQ, 293.4% YoY) vs QoQ Rs. 27.9 Cr, YoY Rs. 22.4 Cr
EBITDA Margin came at 17.2% vs QoQ 9.6%, YoY 4.3%
Adj. PAT came at Rs. 73.2 Cr vs QoQ Rs. 20.3 Cr, YoY Rs. 30.5 Cr
Quarter EPS is Rs. 4.8
Share is trading at P/E of 3.8x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 513.2 Cr (76.5% QoQ, -1.5% YoY) vs QoQ Rs. 290.8 Cr, YoY Rs. 520.7 Cr
EBIDTA came at Rs. 88.3 Cr (216.8% QoQ, 293.4% YoY) vs QoQ Rs. 27.9 Cr, YoY Rs. 22.4 Cr
EBITDA Margin came at 17.2% vs QoQ 9.6%, YoY 4.3%
Adj. PAT came at Rs. 73.2 Cr vs QoQ Rs. 20.3 Cr, YoY Rs. 30.5 Cr
Quarter EPS is Rs. 4.8
Share is trading at P/E of 3.8x TTM EPS
Securities in Ban For Trade Date 23-June-2021:
IDEA
SUNTV
*Added No*
*Deleted No*
IDEA
SUNTV
*Added No*
*Deleted No*
*BEL Q4* : Net Profit Up 30 % to Rs 1353 cr (YOY)
Revenue Up 18 % To Rs 6757 cr
Recommend Rs 1.2 as final dividend
Revenue Up 18 % To Rs 6757 cr
Recommend Rs 1.2 as final dividend
Indian hotel, AB Fashion, Metropolis and Coromandel International will come in F&O from Friday. Historically, we have seen that pre fno inclusion, there is buying in such stocks. Keep on radar for next few days.
Bharti Airtel, TCS announce collaboration to build 5G networks in India
· Bharti Airtel and Tata Group today announced a strategic partnership for implementing 5G networks solutions for India.
· Tata Group has developed a ‘state of the art’ O-RAN based Radio & NSA/SA Core and has integrated a totally indigenous telecom stack, leveraging the Group capabilities and that of its partners. This will be available for commercial development starting Jan 2022.
· TCS brings its global system integration expertise and helps align the end-to-end solution to both 3GPP and O-RAN standards, as the network and equipment are increasingly embedded into software.
· Airtel will pilot and deploy this indigenous solution as part of its 5G rollout plans in India and start the pilot in January 2022, as per the guidelines formulated by the Government of India, the statement added.
· ''These ‘Made in India’ 5G product and solutions are aligned to global standards, and interoperate with other products based on standard open interfaces and those defined by the ORAN Alliance. The 5G solutions, once commercially proven in Airtel’s diverse and brownfield network will open export opportunities for India, which is now the second largest telecom market in the world,'' it said.
· Bharti Airtel and Tata Group today announced a strategic partnership for implementing 5G networks solutions for India.
· Tata Group has developed a ‘state of the art’ O-RAN based Radio & NSA/SA Core and has integrated a totally indigenous telecom stack, leveraging the Group capabilities and that of its partners. This will be available for commercial development starting Jan 2022.
· TCS brings its global system integration expertise and helps align the end-to-end solution to both 3GPP and O-RAN standards, as the network and equipment are increasingly embedded into software.
· Airtel will pilot and deploy this indigenous solution as part of its 5G rollout plans in India and start the pilot in January 2022, as per the guidelines formulated by the Government of India, the statement added.
· ''These ‘Made in India’ 5G product and solutions are aligned to global standards, and interoperate with other products based on standard open interfaces and those defined by the ORAN Alliance. The 5G solutions, once commercially proven in Airtel’s diverse and brownfield network will open export opportunities for India, which is now the second largest telecom market in the world,'' it said.
RDB RASAYAN: Technofunda
Pos Buy RDB rasayan cmp 98 Big breakout haapened above 98 Immediate tgt 120. Stop Loss~90 cl basis. Low risk high reward setup. Results on 25th could be blaster.
Fundamentals~Debt Free. Jumbo bags in great demand. TP 200+ in 1 year
Personal due diligence advised. TP subject to mkt conditions
Pos Buy RDB rasayan cmp 98 Big breakout haapened above 98 Immediate tgt 120. Stop Loss~90 cl basis. Low risk high reward setup. Results on 25th could be blaster.
Fundamentals~Debt Free. Jumbo bags in great demand. TP 200+ in 1 year
Personal due diligence advised. TP subject to mkt conditions
Dhunseri Ventures Ltd: Curtain Raiser
TP Rs 700
🎯FY21 EPS ₹ 66 ( Sixty Six)
🎯Book Value ₹ 458
Full report on 1️⃣Multi location ( Indian and overseas) manufacturing facilities2️⃣, huge land bank, 3️⃣Big treasury portfolio of well known companies ( nearly 2000 Cr) and 4️⃣Equity Stake in group companies will be released tomorrow
For Exceptional appreciation, Exceptional Re(al)search. No copy paste, no copycat
TP Rs 700
🎯FY21 EPS ₹ 66 ( Sixty Six)
🎯Book Value ₹ 458
Full report on 1️⃣Multi location ( Indian and overseas) manufacturing facilities2️⃣, huge land bank, 3️⃣Big treasury portfolio of well known companies ( nearly 2000 Cr) and 4️⃣Equity Stake in group companies will be released tomorrow
For Exceptional appreciation, Exceptional Re(al)search. No copy paste, no copycat
ANDHRA PETRO:Channel Check
🎯Monthly price trend ( distributor level) of E2H~
✅June 20 ₹60-62▶️July 20▶️₹ 63-68-70▶️August ₹ 63▶️ Sept 20 ₹ 72
✅▶️Oct 20 ₹ 83▶️Nov20 ₹ 99▶️ Dec20 ₹ 105
✅▶️Jan 21 ₹ 105▶️Feb 21 ₹ 115 ▶️March 21 ₹ 180
From above price trend, we feel that:
1️⃣Average realisation in Q2 should be ₹ 68-70/kg leading to PBT of Rs 10.63 Cr
2️⃣Average realization in Q3 should have been ₹ 92-93/kg leading to PBT of ₹ 37.72 Cr
3️⃣Q4 ESTIMATE: Average realisation should be ₹ 125 or so. Q4 Estimate of PBT ₹ 80-90 Cr
*Andhra Petrochemicals Ltd (APL)* - _Read Full_
_*Why will it become a Multibagger?*_
*Target Price - ₹300*
▫️APL is the sole producer of Oxo Alcohol in India, with a manufacturing capacity of 80,000 MTPA. The product mix includes 2EH, NBA and Isobutanol (IBA). The plant is strategically located next to HPCL Refinery since the feedstock for Oxo Alcohol (Propylene) is made available by HPCL refinery leading to cost efficiencies.
▫️The company benefits from trade protection metrics in the form of anti-dumping duty (ADD) for the import of n-Butanol (NBA) and 2-Ethyl Hexanol (2EH). ADD on 2EH has been extended by another 5 years. Domestic demand for Oxo Alcohol continues to rise disproportionately.
▫️Estimated demand of Oxo-Alcohols at 2,50,000 MTPA and growing at 10% per annum. There is a huge demand-supply gap in the country and this provides a a good opportunity for APL as both demand & Pricing remains strong given its Monopoly Status. Further ADD will help increase sales realisations significantly.
▫️The company caters to ~35–40% of the domestic demand and remaining demand is met through imports. The Prices of 2EH are at historic highs. ADD on 2EH further ensures that prices will remain firm in the foreseeable future.
▫️The major applications of Oxo Alcohols are plasticizers, paints, coatings & adhesives, lubricant additives, and chemical intermediates. Oxo-alcohol is primarily used as a raw material to manufacture PVC plasticisers. The long-term demand potential for PVC in India remains strong and expected to grow at a healthy pace.
▫️Increase in the consumption of Oxo Alcohol for air conditioning & refrigeration, chemical processing, transportation, & consumer goods industry has been observed in Asia-Pacific due to continued industrialization & rise in the manufacturing sector of the region.
▫️The co has witnessed a steady improvement in its Revenues and Profitability despite the impact of Covid-19, along with Debt reduction and some Prepayments as well. APLs liquidity profile remains strong with healthy unencumbered cash and liquid investments of ~58cr having debt free status
▫️APL has signed Natural Gas (NG) Term Sheet Agreement with GAIL last year and NG is expected to be available from Q4 of 2020-21, which will bring down the cost of production significantly leading to a sizeable margin expansion.
▫️APL is likely to benefit from the various cost-reduction measures undertaken and favourable regulatory measures. Its capital structure and coverage indicators are expected to remain healthy.
*Demand and Pricing headwinds along with Debt Free status makes APL a compelling BUY.*
*APL is trading at mouth watering valuations, trading at just 5x FY22E EPS even by conservative estimates.*
*_Given the product prices and realisation at record highs APL is conservatively set to report EPS of 20 for FY22. A modest P/E multiple of 15x should propel the stock to ₹300_*
🎯Monthly price trend ( distributor level) of E2H~
✅June 20 ₹60-62▶️July 20▶️₹ 63-68-70▶️August ₹ 63▶️ Sept 20 ₹ 72
✅▶️Oct 20 ₹ 83▶️Nov20 ₹ 99▶️ Dec20 ₹ 105
✅▶️Jan 21 ₹ 105▶️Feb 21 ₹ 115 ▶️March 21 ₹ 180
From above price trend, we feel that:
1️⃣Average realisation in Q2 should be ₹ 68-70/kg leading to PBT of Rs 10.63 Cr
2️⃣Average realization in Q3 should have been ₹ 92-93/kg leading to PBT of ₹ 37.72 Cr
3️⃣Q4 ESTIMATE: Average realisation should be ₹ 125 or so. Q4 Estimate of PBT ₹ 80-90 Cr
*Andhra Petrochemicals Ltd (APL)* - _Read Full_
_*Why will it become a Multibagger?*_
*Target Price - ₹300*
▫️APL is the sole producer of Oxo Alcohol in India, with a manufacturing capacity of 80,000 MTPA. The product mix includes 2EH, NBA and Isobutanol (IBA). The plant is strategically located next to HPCL Refinery since the feedstock for Oxo Alcohol (Propylene) is made available by HPCL refinery leading to cost efficiencies.
▫️The company benefits from trade protection metrics in the form of anti-dumping duty (ADD) for the import of n-Butanol (NBA) and 2-Ethyl Hexanol (2EH). ADD on 2EH has been extended by another 5 years. Domestic demand for Oxo Alcohol continues to rise disproportionately.
▫️Estimated demand of Oxo-Alcohols at 2,50,000 MTPA and growing at 10% per annum. There is a huge demand-supply gap in the country and this provides a a good opportunity for APL as both demand & Pricing remains strong given its Monopoly Status. Further ADD will help increase sales realisations significantly.
▫️The company caters to ~35–40% of the domestic demand and remaining demand is met through imports. The Prices of 2EH are at historic highs. ADD on 2EH further ensures that prices will remain firm in the foreseeable future.
▫️The major applications of Oxo Alcohols are plasticizers, paints, coatings & adhesives, lubricant additives, and chemical intermediates. Oxo-alcohol is primarily used as a raw material to manufacture PVC plasticisers. The long-term demand potential for PVC in India remains strong and expected to grow at a healthy pace.
▫️Increase in the consumption of Oxo Alcohol for air conditioning & refrigeration, chemical processing, transportation, & consumer goods industry has been observed in Asia-Pacific due to continued industrialization & rise in the manufacturing sector of the region.
▫️The co has witnessed a steady improvement in its Revenues and Profitability despite the impact of Covid-19, along with Debt reduction and some Prepayments as well. APLs liquidity profile remains strong with healthy unencumbered cash and liquid investments of ~58cr having debt free status
▫️APL has signed Natural Gas (NG) Term Sheet Agreement with GAIL last year and NG is expected to be available from Q4 of 2020-21, which will bring down the cost of production significantly leading to a sizeable margin expansion.
▫️APL is likely to benefit from the various cost-reduction measures undertaken and favourable regulatory measures. Its capital structure and coverage indicators are expected to remain healthy.
*Demand and Pricing headwinds along with Debt Free status makes APL a compelling BUY.*
*APL is trading at mouth watering valuations, trading at just 5x FY22E EPS even by conservative estimates.*
*_Given the product prices and realisation at record highs APL is conservatively set to report EPS of 20 for FY22. A modest P/E multiple of 15x should propel the stock to ₹300_*
➡️This is just beginning. DoW reiterates that subject to mkt conditions, Rain set to be 400+ next year. In fact can cross 300 soon after Q2CY21 result towards July end ◀️
Rain Industries share price zooms 60% this year. Why stock is rallying - Explained - https://www.livemint.com/market/stock-market-news/rain-industries-share-price-zooms-60-this-year-why-stock-is-rallying-explained-11623742237392.html Download mint app for latest in Business News - https://bit.ly/32XEfFE
Rain Industries share price zooms 60% this year. Why stock is rallying - Explained - https://www.livemint.com/market/stock-market-news/rain-industries-share-price-zooms-60-this-year-why-stock-is-rallying-explained-11623742237392.html Download mint app for latest in Business News - https://bit.ly/32XEfFE
mint
Rain Industries share price zooms 60% this year. Why stock is rallying - Explained
Rain Industries share price rally can be attributed to the rise in demand for its globally acclaimed product CPC (Calcined Petroleum Coke) in the international metal market, say experts
La Tim Metal - BUY for TP 225
✅Q3 EPS was 11.62. Q4FY21 EEPS 14-16
✅After JSW, 2nd biggest player in Coloured Galvanized Coils & Profiles
Our previous article👇
Co trading at Forward P/S of just 0.17x
*Trading extremely Cheap at Forward P/E of just 3.5x*
Tiny Market Cap of Just 90 cr
Book Value - 192
P/B - 0.52
*La Tim has huge land bank of 100 acres in Industrial zone in Khopoli*
*Co has already posted Record Sales & Record Profits in Q3FY21*
▪️Q3 Revenues at 153cr, PAT at 10cr, EPS of ₹ 11.62
*Q4FY21 to be even Better*
▫️We estimates Q4FY21E EPS to be ₹ 14
*FY22 Estimates - BEST EVER PERFORMANCE*
▫️Revenues estimated to be 525 cr (Highest Ever)
▫️PAT estimated at 24 cr
▫️EPS estimated to be ₹ 28
▫️Co manufactures Pre-painted/Colour coated Galvalume & Galvanized Coils & Profiles in multiple thickness, size & colour.
▫️ *The products are import substitution in line with 'Make in India'*
*Huge Expansion Plans*
▫️La Tim is developing 20 acres industrial park at Khopoli & 72 acres industrial park near Dighi Port
▫️Co is also planning to setup new plants at Vishakhapatnam & Nagpur
▫️La Tim group also has interest in Steel manufacturing, Real Estate, Hotels, Resorts & Restaurants, Township Development etc.
✅Q3 EPS was 11.62. Q4FY21 EEPS 14-16
✅After JSW, 2nd biggest player in Coloured Galvanized Coils & Profiles
Our previous article👇
Co trading at Forward P/S of just 0.17x
*Trading extremely Cheap at Forward P/E of just 3.5x*
Tiny Market Cap of Just 90 cr
Book Value - 192
P/B - 0.52
*La Tim has huge land bank of 100 acres in Industrial zone in Khopoli*
*Co has already posted Record Sales & Record Profits in Q3FY21*
▪️Q3 Revenues at 153cr, PAT at 10cr, EPS of ₹ 11.62
*Q4FY21 to be even Better*
▫️We estimates Q4FY21E EPS to be ₹ 14
*FY22 Estimates - BEST EVER PERFORMANCE*
▫️Revenues estimated to be 525 cr (Highest Ever)
▫️PAT estimated at 24 cr
▫️EPS estimated to be ₹ 28
▫️Co manufactures Pre-painted/Colour coated Galvalume & Galvanized Coils & Profiles in multiple thickness, size & colour.
▫️ *The products are import substitution in line with 'Make in India'*
*Huge Expansion Plans*
▫️La Tim is developing 20 acres industrial park at Khopoli & 72 acres industrial park near Dighi Port
▫️Co is also planning to setup new plants at Vishakhapatnam & Nagpur
▫️La Tim group also has interest in Steel manufacturing, Real Estate, Hotels, Resorts & Restaurants, Township Development etc.
Rain Industries: Denofwealth estimates CY21 EPS ₹ 32
TP: ₹ Rs 280-300( August end)
TP: ₹ 450 ( 12-15 months)
Personal due diligence advised. TP subject to mkt conditions
TP: ₹ Rs 280-300( August end)
TP: ₹ 450 ( 12-15 months)
Personal due diligence advised. TP subject to mkt conditions
Buy for Immediate Gains:Q4 on 23rd
DEEPAK SPINNER~Q4 estimate EPS ₹ 20-22
Product range of Deepak Spinner and RSWM is same/similar. Only difference is that RSWM is bigger in size
1️⃣For Q4FY21 RSWM has reported NP 73 Cr Vs 32 Cr in Q3FY21, 128% rise
2️⃣ Deepak reported NP 9.36 Cr EPS Rs 13 for Q3FY21. Thus even if Deepak reports 75% rise ( not 128%) Q4FY21 EEPS can be Rs 22.
3️⃣ Possible that Deepak Spinner goes to 230-250 after Q4FY21 (on 23rd)
👇🏻
*Deepak Spinners Ltd: TP 250*
BV: ₹215🔥
Q3EPS: ₹13
Decent size company: Sales of ₹461 Cr for FY20 (even though bad year for textiles)
*Q4EEPS: ₹ 20-22*💯💯 (conservative estimate)
*FY22 EEPS: ₹48* 😱😱(Cheapest stock in synthetic yarn)
Read our detailed report sent earlier
DEEPAK SPINNER~Q4 estimate EPS ₹ 20-22
Product range of Deepak Spinner and RSWM is same/similar. Only difference is that RSWM is bigger in size
1️⃣For Q4FY21 RSWM has reported NP 73 Cr Vs 32 Cr in Q3FY21, 128% rise
2️⃣ Deepak reported NP 9.36 Cr EPS Rs 13 for Q3FY21. Thus even if Deepak reports 75% rise ( not 128%) Q4FY21 EEPS can be Rs 22.
3️⃣ Possible that Deepak Spinner goes to 230-250 after Q4FY21 (on 23rd)
👇🏻
*Deepak Spinners Ltd: TP 250*
BV: ₹215🔥
Q3EPS: ₹13
Decent size company: Sales of ₹461 Cr for FY20 (even though bad year for textiles)
*Q4EEPS: ₹ 20-22*💯💯 (conservative estimate)
*FY22 EEPS: ₹48* 😱😱(Cheapest stock in synthetic yarn)
Read our detailed report sent earlier
PRECOT Ltd: Update
1️⃣Precot should report Rs 65-70 EPS for FY22
2️⃣ Technical Textile division is doing tremendously well as _*Absorbent Cotton*_ used for Diapers/Sanitary pads in short supply
Our earlier report👇
PRECOT LTD: PreEminent Buy🎯
TP: ₹ 300 ( 6 weeks)
₹ 500 ( medium term)
1️⃣Quoting @ 3.51xFY22EEPS
Tdg @ 0.65xFY22E BV
Tdg @ 1.45 mcapxFY22E EBITDA
Mcap 0.25xFY22E Revenue
▶️Cotton Yarn+Sewing Thread+Cotton Technical Textiles for Medical/Cosmetics/Personal Hygiene
2️⃣Mind Blowing Q4FY21~
Revenue up 22% at 221 Cr Vs 180Cr
Ebidta up 80% at 45Cr Vs 25.40Cr
Ebidta Margin zooms to 20.36% Vs 14%
NP 🔥208% to 29Cr Vs 9.42Cr
EPS ₹ 24.21 Vs 7.85
3️⃣FY22E~
Revenue 860 Cr
Ebidta 155 Cr
EPS ₹ 54
BV ₹ 344
💎💎Cotton Products- Cotton Pads, Cotton Balls, Exfoliating Pads, Cotton wool Rolls, Cotton Spunlace, Absorbent Cotton fibre, are HIGH MARGIN products estimated CAGR 20%. Used for ⏩Sanitary Pads Tampons Wipes Panty Liners Make up removal Baby cleaning pads ( pampers) Bandage Swabs Nail paint removal Skin Exfoliation First Aid Lotion Application etc⏪
1️⃣Precot should report Rs 65-70 EPS for FY22
2️⃣ Technical Textile division is doing tremendously well as _*Absorbent Cotton*_ used for Diapers/Sanitary pads in short supply
Our earlier report👇
PRECOT LTD: PreEminent Buy🎯
TP: ₹ 300 ( 6 weeks)
₹ 500 ( medium term)
1️⃣Quoting @ 3.51xFY22EEPS
Tdg @ 0.65xFY22E BV
Tdg @ 1.45 mcapxFY22E EBITDA
Mcap 0.25xFY22E Revenue
▶️Cotton Yarn+Sewing Thread+Cotton Technical Textiles for Medical/Cosmetics/Personal Hygiene
2️⃣Mind Blowing Q4FY21~
Revenue up 22% at 221 Cr Vs 180Cr
Ebidta up 80% at 45Cr Vs 25.40Cr
Ebidta Margin zooms to 20.36% Vs 14%
NP 🔥208% to 29Cr Vs 9.42Cr
EPS ₹ 24.21 Vs 7.85
3️⃣FY22E~
Revenue 860 Cr
Ebidta 155 Cr
EPS ₹ 54
BV ₹ 344
💎💎Cotton Products- Cotton Pads, Cotton Balls, Exfoliating Pads, Cotton wool Rolls, Cotton Spunlace, Absorbent Cotton fibre, are HIGH MARGIN products estimated CAGR 20%. Used for ⏩Sanitary Pads Tampons Wipes Panty Liners Make up removal Baby cleaning pads ( pampers) Bandage Swabs Nail paint removal Skin Exfoliation First Aid Lotion Application etc⏪
*Globus Spirits Ltd* 🍻
▶️Largest grain based Extra Neutral Alcohol (ENA) manufacturer in India
▶️Highest Ebidta margin in liquor industry
▶️Lowest Valuation in peer group
▶️TP 1000 coming soon. Possible 1500 in 18 months
Caters to 4 important segments of the alcohol industry
▫️IMIL▫️IMFL▫️IMFL Bottling▫️Bulk Alcohol
▪️Total capacity 160mn Bulk Litres of alcohol
▪️ *140 KLPD of capacity to be added at WB. The total capacity at WB will stand at ~280 KLDP post this expansion*
▫️Capacity Utilization at 99.4% in Q4FY21 vs 88.8% in Q4FY20
▫️Aggregate value segment realizations at Rs. 419 per case in Q4FY21 vs Rs. 373 per case in Q4FY20
▫️Average realization for bulk alcohol increased to Rs. 54.2 per litre in Q4FY21 from Rs. 51.4 per litre in Q4FY20
▫️Value Segment Sale Volumes in FY21 stood at 12.3mn cases vs 11mn cases in FY20
▫️FY21 Realizations at 427 vs 377 in FY20
*Premium Brands*
▫️Governor’s Reserve - Semi-premium whisky segment Segment is about 20m cases
▫️Oakton - Premium whisky segment Segment is about 8.5m cases
▫️L’Affaire Napoleon 3 years Brandy - Premium brandy segment Segment is about 0.5m cases
*_Globus Spirits trades at a forward P/E of just 6.05x and co is bound to get a P/E of 15 which means 150% appreciation possible which implies a TP of 1000 in medium term._*
▶️Largest grain based Extra Neutral Alcohol (ENA) manufacturer in India
▶️Highest Ebidta margin in liquor industry
▶️Lowest Valuation in peer group
▶️TP 1000 coming soon. Possible 1500 in 18 months
Caters to 4 important segments of the alcohol industry
▫️IMIL▫️IMFL▫️IMFL Bottling▫️Bulk Alcohol
▪️Total capacity 160mn Bulk Litres of alcohol
▪️ *140 KLPD of capacity to be added at WB. The total capacity at WB will stand at ~280 KLDP post this expansion*
▫️Capacity Utilization at 99.4% in Q4FY21 vs 88.8% in Q4FY20
▫️Aggregate value segment realizations at Rs. 419 per case in Q4FY21 vs Rs. 373 per case in Q4FY20
▫️Average realization for bulk alcohol increased to Rs. 54.2 per litre in Q4FY21 from Rs. 51.4 per litre in Q4FY20
▫️Value Segment Sale Volumes in FY21 stood at 12.3mn cases vs 11mn cases in FY20
▫️FY21 Realizations at 427 vs 377 in FY20
*Premium Brands*
▫️Governor’s Reserve - Semi-premium whisky segment Segment is about 20m cases
▫️Oakton - Premium whisky segment Segment is about 8.5m cases
▫️L’Affaire Napoleon 3 years Brandy - Premium brandy segment Segment is about 0.5m cases
*_Globus Spirits trades at a forward P/E of just 6.05x and co is bound to get a P/E of 15 which means 150% appreciation possible which implies a TP of 1000 in medium term._*
*L&T Finance sold its entire 9.89% stake in Ballarpur Industries*
Following are key excerpts from an exchange filing by Ballarpur Industries Ltd today:
* L&T Finance Ltd has sold its entire 128.05 mln shares or 9.89% stake in the company via open market
* Shares have been sold in a series of open market sale transactions last of which was on Jun 18
Following are key excerpts from an exchange filing by Ballarpur Industries Ltd today:
* L&T Finance Ltd has sold its entire 128.05 mln shares or 9.89% stake in the company via open market
* Shares have been sold in a series of open market sale transactions last of which was on Jun 18
🔺Two types of people enter the stock market every morning -
1) A person with money
2) A person with experience
In the evening when they exit -
The person with experience exits with money.
The person with money exits with experience...😉💯💯
1) A person with money
2) A person with experience
In the evening when they exit -
The person with experience exits with money.
The person with money exits with experience...😉💯💯
Money Market Update
The rupee ended at 73.87 against the U.S. Dollar on Tuesday as compared to Monday's closing of 74.10.
The rupee ended at 73.87 against the U.S. Dollar on Tuesday as compared to Monday's closing of 74.10.
Trading Tweaks
Ex-Date Dividend: Adani Total Gas, Adani Ports and SEZ, Vinati Organics, Torrent Power
Ex-Date Stock Split: Inventure Growth & Securities
Price Band Revised From 10% To 5%: Globus Spirits, Srei Infrastructure Finance
Move Into Short-Term ASM Framework: Crisil
Move Out Of Short-Term ASM Framework: Alok Industries, Skipper, Hindustan Construction Company, Reliance Industrial Infrastructure
Move Into ASM Framework: Hikal, Panacea Biotec, Reliance Industrial Infrastructure, Nectar Lifesciences, Reliance Capital, Somany Ceramics
Ex-Date Dividend: Adani Total Gas, Adani Ports and SEZ, Vinati Organics, Torrent Power
Ex-Date Stock Split: Inventure Growth & Securities
Price Band Revised From 10% To 5%: Globus Spirits, Srei Infrastructure Finance
Move Into Short-Term ASM Framework: Crisil
Move Out Of Short-Term ASM Framework: Alok Industries, Skipper, Hindustan Construction Company, Reliance Industrial Infrastructure
Move Into ASM Framework: Hikal, Panacea Biotec, Reliance Industrial Infrastructure, Nectar Lifesciences, Reliance Capital, Somany Ceramics
Who’s Meeting Whom
Computer Age Management Services: To meet Duro Capital on June 24, and Trident Capital and Janchor Partners on June 25.
Escorts: To meet Point72 Asset Management on June 25.
Heranba Industries: To meet Bharti AXA on June 23.
Indian Energy Exchange: To meet Motilal AMC on June 23, ICICI Prudential Life on June 25, and Alliance Bernstein on June 30.
Computer Age Management Services: To meet Duro Capital on June 24, and Trident Capital and Janchor Partners on June 25.
Escorts: To meet Point72 Asset Management on June 25.
Heranba Industries: To meet Bharti AXA on June 23.
Indian Energy Exchange: To meet Motilal AMC on June 23, ICICI Prudential Life on June 25, and Alliance Bernstein on June 30.
Pledge Share Details
Asian Granito India: Promoter Kamleshkumar Patel HUF revoked pledge of 72,310 shares on June 19.
Jindal Steel & Power: Promoter Siddeshwari Tradex created a pledge of 54 lakh shares on June 17.
Asian Granito India: Promoter Kamleshkumar Patel HUF revoked pledge of 72,310 shares on June 19.
Jindal Steel & Power: Promoter Siddeshwari Tradex created a pledge of 54 lakh shares on June 17.