🚨Allotment Available🚨
Dodla Dairy Limited

WEB : https://ris.kfintech.com/ipostatus/ipos.aspx
APP : https://play.google.com/store/apps/details?id=com.karvy.kprismv3

*Tanla Platforms Investor Day 2021 KTAs*

- India’s largest CPaaS player with 4 main platforms, namely *Karix, Gamooga, Trubloq and Regulatory & Compliance (R&C)*
- Karix and Gamooga are Enterprise-side platforms. Gamooga mainly offers Analytics and AI solutions whereas Karix offers Marketing solutions through A2P messaging
- Trubloq and Tanla’s own R&C Platform sit on the Teleco-side of the value chain. Trubloq offers solutions for Spam & Fraudulent activities and Data Privacy
- *Total Addressable Market in CPaaS is $20 Bn as of 2020 and is expected to grow at 33% CAGR to $47 Bn by 2023*
- *Karix has ~30% market share in domestic enterprise market* which is greater than next 3 competitors total market share
- *Tanla has 75% volume market share in ILD and 41% volume market share in NLD*
- *Launched Trubloq* (on Distributed Ledger Technology) *and Wisely in FY21*
- *33% of enterprises in India use Trubloq*
- *Wisely is a 1 stop solution with a combination of Karix, Gamooga and Trubloq and will be the biggest catalyst for Global Expansion. Expect Wisely to be launched by July.* Wisely charges either on per transaction basis or lumpsum and is offered on Microsoft Azure.
- *Main industries that company caters to*: Banking, E-commerce, Ed-Tech and Government
- Revenue from new customers has grown at CAGR of 68% between FY18 and FY21 – indicating that size of deal wins has consistently increased. This is also evident from revenue CAGR of customers in INR 10 Mm+ and INR 50 Mn+ category which is 31% and 45% respectively. Additionally, count of INR 500 Mn customers has grown by 4x in years (from 3 clients to 12 clients)
- *Key triggers going ahead:* Launch innovative and new platforms, Expand Client Footprint and Expand to global markets
- *Consol gross margins driven by Platform business which have increased from 15% in FY18 to 25% in FY21*
- *Strong Operating Cash Flow generation at 129% of EBITDA* mainly due to healthy cash collection. Billed DSO at ~60 days and conversion from Unbilled to Billed usually in 30 days
- *Negative working capital cycle* enables healthy cash conversion
- DLT platform (Trubloq) has helped company win 2 large Telecos vs large global competitors in UAE. Expect platform to go live by next month
- *One key competitive advantage that company has is that a single transaction by a user translates into 4 revenue streams for Tanla*
- *Expect margins to be sustainable at current levels*
- 40% of revenue is in dollars which is largely from Tech Giants

Morgan Stanley requires employees to get vaccinated before going to the office
https://www.livemint.com/companies/news/morgan-stanley-requires-employees-to-get-vaccinated-before-going-to-the-office-11624467437928.html

Benign home loan rates remain strong driver of residential segment: Ashok Tyagi, DLF

https://economictimes.indiatimes.com/markets/expert-view/benign-home-loan-rates-remain-strong-driver-of-residential-segment-ashok-tyagi-dlf/articleshow/83773053.cms

Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21

*Stocks in News*

*Sharda Motor Industries:* The company reported consolidated profit of Rs 25.91 crore for Q4FY21 against Rs 6.19 crore in Q4FY20, revenue jumped to Rs 604.16 crore from Rs 237.07 crore YoY. The company approved the joint venture between Sharda Motor Industries, and Kinetic Green Energy and Power Solutions.

*Andrew Yule & Company:* The company reported consolidated loss at Rs 16.56 crore in Q4FY21 against loss of Rs 30.34 crore in Q4FY20, revenue jumped to Rs 57.99 crore from Rs 41.92 crore YoY.

*Allcargo Logistics:* The company reported lower consolidated profit at Rs 5.91 crore in Q4FY21 against Rs 54.06 crore in Q4FY20, revenue jumped to Rs 3,349.31 crore against Rs 1,870.96 crore YoY.

*Speciality Restaurants:* The company reported consolidated profit of Rs 8.43 crore in Q4FY21 against loss of Rs 37.11 crore in Q4FY20, revenue fell to Rs 65.42 crore from Rs 75.41 crore YoY.

*Godawari Power and Ispat:* Government of India, Ministry of Environment & Forests & Climate Change, Impact Assessment Division has accorded its environment clearance for enhancement of iron ore production capacity from 1.405 MTPA to 2.35 MTPA in Ari Dongri Iron Ore Mines at Chhattisgarh, and for setting up of beneficiation plant of 0.6 MTPA capacity.

*Orchid Pharma:* Promoter Dhanuka Laboratories proposed to sell 32,80,115 equity shares, representing 8.04% of total paid-up equity via offer for sale, on June 24 and June 25.

*Apollo Hospitals Enterprise Ltd.* | *CMP* Rs. 3244 | *M Cap* Rs. 46644 Cr | *52 W H/L* 3435/1311
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 2868 Cr (3.9% QoQ, -1.9% YoY) vs expectation of Rs. 2948.1 Cr, QoQ Rs. 2759.8 Cr, YoY Rs. 2922.4 Cr
EBIDTA came at Rs. 411.8 Cr (5.5% QoQ, 8.4% YoY) vs expectation of Rs. 419.4 Cr, QoQ Rs. 390.3 Cr, YoY Rs. 380.1 Cr
EBITDA Margin came at 14.4% vs expectation of 14.2%, QoQ 14.1%, YoY 13%
Adj. PAT came at Rs. 142.7 Cr vs expectation of Rs. 141.4 Cr, QoQ Rs. 130.4 Cr, YoY Rs. 21.1 Cr
Quarter EPS is Rs. 9.9
Share is trading at P/E of 67.3x FY22E EPS

Amount of loot is so huge. Mallya and Choksi are nothing.

https://newsroompost.com/business/collusion-machinations-and-alleged-links-with-upa-minister-the-dark-world-of-ex-ilfs-chairman-unmasked/2261224.html

IIM Ahmedabad educated and ex CITIBANK - Ravi Parthasarathy is a consummate crook and a scalawag.
His scam of Rs 100000 crores in comparison makes the Nirav Modi - Mehul Choksi - Vijay Mallya look like small time part time pickpockets.
And P Chidambaram - its time this crook is put behind bars permanently. Chidambaram was the brain in the government driving and abetting this crime in plain daylight.

Read this article in full.

Nomura on Minda Ind
Buy, TP Rs 733
Acquires acquire 51% stake in Uz Chasys LLC for Rs 580m
Uz Chasys is only manufacturer of lighting products in Uzbekistan & major lighting suppliers in CIS countries
Management expects to double rev of Uz Chasys in 3-4 yrs

India Today:
* NIFTY Jun future closed at 15695.9 with a premium of 9 points, while Jul futures were at a premium of 55 points towards close.
*Turnover(Rsbn) :FNO 52702 +19% Cash 640 -1.4% BSE 129 +135.1%
Adv & Decl :NIFTY: 16:32 Non NIFTY fno: 27:73
*Insti Flows: FII(Rs bn) :Cash+31.6 IdxFut+3.72 IdxOpt+31.22 SSF+4.79 SSO-1.22, DII+13.17
*Fut OI, OI% & basis :Nif Rs164bn-3%, +9 & Bnif Rs72bn+5%, +38 SSFRs1643 -1.25% Tot OI Rs6970+ 2.5%
* Reliance Industries to hold its annual shareholders’ meeting; Shares of Dodla Dairy and KIMS Hospitals to start trading after IPO; Oil & Natural Gas Corp., Ashok Leyland, Mishra Dhatu Nigam among companies reporting earnings; Prime Minister Narendra Modi holds all-party meeting on J&K.
* India Virus Tracker: Cases 30.03 million; Deaths 390,660 | Virus Tracker: Global Vaccinations, Cases, Deaths Tally | NYC Offers At-Home Shots; U.S. Cases Likely Higher: Virus Update

Rollover SnapShot
* The Nifty rollovers were above average at 57% vs 54%, BankNifty rollovers (%) were above average at 56% vs 51%; The SSF roll% were above average at 71% vs 67%.
* JULY is the 5 week expiry. 33 points dividend is expected in the month of July series..
* MISC ,FMCG ,TELECOM ,FINANCIALS ,OIL_GAS ,METALS_ETC ,AUTO_ETC ,TEXTILESrolled above average, while rolled below average are ,MEDIA ,ENGG_CG ,CONSTRUCTION ,CEMENT ,CHEMICALS ,POWER ,PHARMA ,IT.

* Low Roll%:
- Nifty: INFY, ONGC, ITC, LT, MARUTI, POWERGRID, HINDUNILVR, ULTRACEMCO
- Non-Nifty(front OI >$10m) :IDEA, LUPIN, MOTHERSUMI, CHOLAFIN, NMDC, BANDHANBNK, NAUKRI, DEEPAKNTR, SRTRANSFIN, SUNTV
* Below Average Roll%:
- Nifty: BAJFINANCE, ASIANPAINT, HCLTECH, HINDUNILVR, KOTAKBANK, INFY, CIPLA
- Non-Nifty(front OI >$10m) :SUNTV, LUPIN, BANDHANBNK, MOTHERSUMI, ZEEL, CHOLAFIN, NMDC, SRTRANSFIN, AUROPHARMA, NATIONALUM

Open Interest Activity
Nifty Stock :
Long Buildup : ONGC | MARUTI
Short Buildup : INDUSTOWER | KOTAKBANK | LT | ICICIBANK
Long Liquidation : BHEL | ADANIPORTS | GAIL | HDFC | TATASTEEL
Non-Nifty Stock :
Long Buildup : PNB
Short Covering : L&TFH | MFSL | SIEMENS | VOLTAS
Short Buildup : NMDC | LICHSGFIN | | | | | | | |
Long Liquidation : COFORGE | MUTHOOTFIN | SHREECEM | BHARATFORG | IBULHSGFIN | BHEL | CHOLAFIN | MCDOWELL-N | SUNTV | DIVISLAB

Options Chain
Nifty
24-Jun-21
- Max Call OI is @ 15800 with ,(109k ctcs ) ; 15900 (87k ctcs )
- Max Put OI is @ 15500 with ,(71k ctcs ) ; 15600 (63k ctcs )
- Call added OI is @ 15800 (41k ctcs ); 15750 (29k ctcs )
- Put added OI is @ 15550 (21k ctcs ); 15600 (19k ctcs )
BankNifty
- Max Call OI is @ 35000 with ,(108k ctcs ) ; 36500 (76k ctcs )
- Max Put OI is @ 34000 with ,(60k ctcs ) ; 33000 (55k ctcs )
- Call added OI is @ 36500 (41k ctcs ); 34800 (25k ctcs )
- Put added OI is @ 35000 (11k ctcs ); 34000 (9k ctcs )

EARNINGS:
* Ashok Leyland Ltd. (AL) 4Q
* Future Supply Chain Solutions (FSCSL) 4Q
* Mishra Dhatu Nigam Ltd. (MIDHANI) 4Q
* Oil & Natural Gas Corp. (ONGC) 4Q
* PTC India Ltd. (PTCIN) 4Q
* Take Solutions Ltd. (TAKE) 4Q
* West Coast Paper Mills (WCPM) 4Q

ON THE RADAR/
EQUITY PREVIEW:
* Adani Ports (ADSEZ): Declines to comment on KLP Fund share sale report
* Orchid Pharma (ORCP): Says founder plan to sell up to 3.28m shares
* Piramal Enterprises (PIEL): To consider raising funds up to INR10b on June 28
* All Eyes on Aramco Deal When Ambani Addresses Reliance Investors
* ‘Big Bull’ Investor Sees Years of Double-Digit India Stock Gains
* Inflation Worries Trigger Record Sales of Floaters: India Credit
* PETA Goes on Attack in India Over Milk Giant’s Treatment of Cows
* Banks Recover About $1 Billion From Indian Ex-Billionaire Mallya
* Lenders sell Vijay Mallya’s stake in United Breweries
* India April FDI Inflow $6.24B, up 38% Y/y: Govt Statement
* Fitch Upgrades Reliance to Higher Than India’s Sovereign Rating

* TPG-Backed Online Pharmacy Said to Seek Fund at $4 Billion Value
* API Holdings is considering raising about $300 million
* Suraksha ARC Wins Bid Jaypee Infratech By A Small Margin: BQ
* BRICS Q3 CPI Forecast Steady; South Africa Up to 4.4%
* BRICS 2Q GDP Forecast Declines in Past Week
* Should Biden’s Democracy Alliance Include India?: Pankaj Mishra
* Global Funds Buy Net INR31.6B of India Stocks on Wednesday: NSE
* Domestic funds buy net 13.2b rupees of stocks
* Foreign Investors Sell Net INR6.8B of Indian Equities on June 22
* Foreigners Buy Net INR38.5B Indian Equity Derivatives Wednesday

MEDIA REPORTS:
* Govt eases norms for voice BPOs to make India global outsourcing hub: PTI
* Moody’s cuts India’s growth forecast to 9.6% for 2021: ToI
* UK high court rejects Nirav Modi’s appeal against extradition to India: HIN

GOVERNMENT (All times India Time):
* 11am: Prime Minister Narendra Modi will interact with participants of Toycathon-2021 via video conferencing.
* Prime Minister Narendra Modi holds all-party meeting on Jammu and Kashmir

CORPORATE BONDS:
* INDIA SHORT-TERM DEBT: JM Financial Properties, Axis Securities
* Axis Finance Plans to Sell up to INR2.5b Bonds on June 25
* India Grid Trust Plans to Sell Up to INR5b 10Y Bonds on June 25
* Shriram City Union Sells INR1b 10Y Bonds at 9%
* Tata Capital Financial Plans Up to INR1.5b Bond Sale on June 25

CORPORATE EVENTS:
* 8:30am: Sona BLW Precision Forgings hosts virtual listing ceremony of its shares after Initial Public Offering
* 9am: Shyam Metalics & Energy hosts virtual listing ceremony of its shares after IPO
* 11am: Allcargo Logistics hosts confernce call on 4Q FY21 earnings
* 11:30am: CIA host a virtual press meet for the launch and discuss the key findings from the SMB - Mega Survey Report 2021, conducted by CIA
* 12pm: S.P. Apparels hosts conference call to discuss 4Q FY21 results
* 12pm: V2 Retail hosts conference call to discuss 4Q FY21 earnings
* 12:30pm: realme to unveiling the latest smart audio product - realme Buds Q2
* 1pm: ICRA hosts a webinar on Covered Bonds
* 4pm: Techmanch Conference, India’s biggest digital marketing virtual conference on June 24-25
* 4pm: ICRIER hosts an event towards developing an understanding of the battery manufacturing and recycling ecosystem in India
* AGMs: Reliance Industries (2 p.m.); Shriram Transport Finance (2 p.m.); Bank of Maharashtra (11 a.m.), Linde India (10 a.m.),Rallis India (3 p.m.)

OFFERINGS:
* India Pesticides IPO fully subscribed, gets 129% demand on first day of sale, offer closes June 25
* Dodla Dairy shares to start trading after IPO gets 45.6 times demand for shares offered
* KIMS Hospitals shares to start trading after IPO gets 3.9 times demand for shares on sale

Macquarie on Sobha
Downgrading to Neutral, TP raised to Rs480 on a lower discount to NAV, lower land payments, & net debt
Highest-ever presales volume in 4Q & robust collections led to further deleveraging
Management targets a net debt/equity of 1.1x by mid-FY23

Orchid Pharma OFS - MEGA DISCOUNT 👍

Non-retail date - 24 June
Retail bid date - 25 June

Floor Price - 375/-
Today's close - 1,325/-
Discount from previous close : 72%

Base OFS Size : 32,80,115 Shares
Greenshoe Option : NIL

Retail Discount - NIL
Retail Reservation - 10%

*SERNET Midnight News Update – Jun 24th 2021*

Bharat Electronics on Wednesday scaled a 3-year high price of Rs.167 after a reporting a strong set of results. For the Mar-21 quarter, BEL reported 30.7% growth in PAT at Rs.1,352 crore even as the revenues were up by 19% at Rs.6,908 crore in the Mar-21 quarter. The EBITDA margins improved by nearly 300 basis points to 28.5%. As of the close of FY21, BEL had a robust order book position of Rs.53,434 crore, with orders worth Rs.15,800 crore coming in the current fiscal after the government in-sourcing decision.

India attracted FDI inflows of $6.24 billion in the month of Apr-21; 38% higher compared to the Apr-20 month. In 2020, India got nearly $64 billion in the form of fresh FDI. Some of the reform measures like FDI simplification, ease of doing business and Make in India initiatives have been responsible for the sharp inflow of FDI into India. In 2020, the FDI flows were higher by 2&% yoy. Global FDI flows were severely impacted by the COVID pandemic with total global FDI falling from $1.50 trillion to just about $1 trillion.

The Enforcement Directorate or ED transferred partial assets worth Rs.8,441 crore, to state-run banks from shares sold in cases relating to economic offenders like Vijay Mallya, Nirav Modi and Mehul Choksi. Between them, the 3 had defrauded PSU banks to the tune of Rs.22,586 crore. The total transfer of such attached assets came to Rs.9,371 crore, so at least 40% of the dues are recovered. The bigger battle is for the agencies to get offenders extradited to India to face the rule of law here for their economic offences.

The Kalrock Jain consortium has got the nod to operate Jet Airways from the NCLT, which cleared their resolution plan submitted. Jet has been grounded since April 2019 when it ran out of cash. Now the consortium will apply for requisite government approvals for the same. The new owners need to first make key recruitments in engineering, flight safety and operations. They also need to update all their operations manuals and submit to regulatory audit. This brings the insolvency process to a logical end.

SEBI has exempted Heineken International of the Netherlands from making open offer to the shareholders of United Breweries. This exemption specifically pertains to the proposed acquisition of 15% stake. This special exemption is for the shares acquired by Heineken from the Debt Recovery Tribunal towards the dues of Vijay Mallya and his group. Normally, Heineken being the promoter entity of UBL, this action would have triggered an open offer. The exemption was given as a special case to expedite the share sale.

The Rs.9,200 crore share buyback of Infosys will commence from June 25 as scheduled at a buyback price of Rs.1,750 per share. While the Board approval had come on 14-Apr, the regulatory approval only came on 19-Jun. Kotak Mahindra Capital will act as the manager to the buyback. Under the buyback offer, the company will buy back a maximum of 5.257 crore shares comprising nearly 1.23% of the paid-up equity. The buyback will be funded from the free reserves of Infosys taking year capital return to Rs.15,600 crore.

If one goes by the initial reports and the sound bites from the company, it does look like the big news at the RIL AGM on 24 June may be the proposed stake sale in its O2C business. Last year, the company had officially hived off its oil to chemicals business under a separate entity Reliance O2C Ltd. The stake sale talks with Aramco have revived and an announcement to this effect is expected. The launch of the Jio-Google phone is expected to be announced at the 44th AGM. Google and Jio may also look at a new O/S.

The RBI-appointed third party audit of HDFC Bank's IT systems is completed and the final report has been submitted to RBI for final decision. This was confirmed by HDFC Bank CEO, Shashidhar Jagdishan. In Dec-20, RBI banned HDFC Bank from announcing any new digital launches including new credit cards or the Digital 2.0 plan.

This happened after a series of technical glitches reported by the bank leading to massive inconvenience for the customers. HDFC Bank confirmed the glitches had nothing to do with handling scale.

*ADVANCE TAX 1st instalment paid (as of 15th Jun'21) available data:::*

As per officials, the 1st-quarter (Apr-Jun'21) numbers have been compared with the beginning of the 'COVID-19' pandemic-induced lockdown. So, automatically the figures showed a sharp jump. The 2nd instalment will have a clearer picture.

Meanwhile, final advance-tax collection by cos showed 51% YoY growth for the 1st qtr. Earlier, the preliminary data showed a growth rate of 146%, which has now been revised downwards. Direct tax collection (net) stood at Rs 2.33 lakh Cr (trln).

Cos & individuals are required to pay 15% of their tax liability as the 1st instalment - in the 1st qtr of the financial-year.

As per official data,
TCS paid Rs 1,160 Cr, up 65%
Infosys paid Rs 720 Cr, up 44%
Tech Mahindra at Rs 190 Cr, up 35%
Hero MotoCorp paid Rs 126 Cr, up 95%
Maruti Suzuki paid Rs 150 Cr, up 200%
Hindustan Unilever paid Rs 397 Cr, up 20%
Procter & Gamble paid Rs 32 Cr, up 45%
Nestle paid Rs 105 Cr, up 17%
ICICI Bank paid Rs 800 Cr, up 39%
HDFC Bank paid Rs 2,100 Cr, up 7.70%
State Bank of India (SBI) paid Rs 1,910 Cr, up 21%
Punjab National Bank (PNB) paid Rs 83 Cr Vs Nil last year same qtr
Life Insurance Corporation (LIC) of India paid Rs 1,578 Cr, down 3%
ONGC paid Rs 1,025 Cr, up 241%
NTPC paid Rs 485 Cr, up 10%
L&T paid Rs 30 Cr, up 50%
Tata Steel paid Rs 750 Cr
Cipla paid Rs 126 Cr, up 20%
Dr Reddy’s paid Rs 60 Cr, up 10%
Lupin paid Rs 76 Cr, down 22%

*Today's important events*

June Series Monthly Expiry

Alert: RIL's 44th AGM @ 2:00 PM

Listings: Sona BLW | Shyam Metalics

Global: US Q1 GDP | BoE Interest Rate Decision

PMModi To Interact With Toycathon Participants

*Pending Calls today…*
As of Thursday 24 June 2021

*11:00 AM Allcargo*
Dial: + 91 22 6280 1342

*12:00 PM S P Apparels*
Dial: +91 22 6280 1297

*12:00 PM V2 Retail*
Dial: +91 22 6280 1545

*12:30 PM Nitiraj Enginee*
(Results, Investor/Analyst Presentation)
No Contact Available

*3:05 PM Apollo Hospital*
Dial: + 91 22 6280 1141

*Please find mentioned below key news for the IT sector this morning:*

1) *TCS* wins 3 gold and 2 bronze Eventex awards for excellence across marketing and customer engagement
https://tinyurl.com/7npswhu8
2) *Infosys’* Rs92 bn share buyback (at upto Rs1,750/sh) through open market to commence from 25 June
https://tinyurl.com/746yppft
3) *Salesforce* and *AWS* extend partnership to provide two-way integration
https://tinyurl.com/2hdnpa3m
4) *Salesforce* redesigns its platform with low-code tools for interactive app development and automation
https://tinyurl.com/x8yvp73c
5) *IBM* collaborates with Indian Institute of Science (IISc) for innovation lab to advance hybrid cloud research in India
https://tinyurl.com/yp3d4uen
6) *IBM* creates new AI and cloud powered fan experience for Wimbledon 2021
https://tinyurl.com/krth48km