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Bulk Deal as on 25-06-21

Aro Granite
- 1 Lk @ 59.68 Dilipkumar Lakhi

Dcm Shriram
+ 6.35 Lk @ 361 Abakkus Asset Management
- 3.97 Lk @ 361.87 Minal Bharat Patel
- 1.42 Lk @ 371 Ruchit Bharat Patel
- 2.38 Lk @ 361 Finquest Financial solutions

Dhanvarsha Finvest
+ 1.40 Lk @ 800 Citrus Global Arbitrage Fund

JSW Ispat Special
- 25 Lk @ 38.07 Nandini sales Pvt Ltd

Olectra Greentech
- 5.40 Lk @ 213.83 TRN Enterprises

Rossell India
- 3.41 Lk @ 145.2 Elara India Opportunities Fund Ltd

Zuari Global
+ 1.67 Lk @ 119.75 Adventz Finance Pvt Ltd

🔋EV Chain🔋📈Performance Update

🏆Winners (Since we created it in Mar21)

1️⃣KPT Ind 67%
2️⃣Igarshi Motors 66%
3️⃣KPIT 59%
4️⃣Himadri Chem. 47%
5️⃣Tata Elxsi 36%
6️⃣Greaves Cotton 33%

*Apex Frozen Foods Ltd.* | *CMP* Rs. 272 | *M Cap* Rs. 850 Cr | *52 W H/L* 329/200
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 181.9 Cr (16.6% QoQ, 29.3% YoY) vs QoQ Rs. 156.1 Cr, YoY Rs. 140.7 Cr
EBIDTA came at Rs. 19 Cr (76.4% QoQ, 42.3% YoY) vs QoQ Rs. 10.8 Cr, YoY Rs. 13.3 Cr
EBITDA Margin came at 10.4% vs QoQ 6.9%, YoY 9.5%
Adj. PAT came at Rs. 8.4 Cr vs QoQ Rs. 2.3 Cr, YoY Rs. 9.2 Cr
Quarter EPS is Rs. 2.7
Share is trading at P/E of 19.2x TTM EPS

*Railtel Corporation Of India Ltd.* | *CMP* Rs. 148 | *M Cap* Rs. 4742 Cr | *52 W H/L* 190/101
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 429.8 Cr (4.7% QoQ, 9.5% YoY) vs QoQ Rs. 410.6 Cr, YoY Rs. 392.6 Cr
EBIDTA came at Rs. 72.5 Cr (-41.9% QoQ, -31.8% YoY) vs QoQ Rs. 124.9 Cr, YoY Rs. 106.4 Cr
EBITDA Margin came at 16.9% vs QoQ 30.4%, YoY 27.1%
Adj. PAT came at Rs. 27.2 Cr vs QoQ Rs. 69.7 Cr, YoY Rs. 72.1 Cr
Quarter EPS is Rs. 0.8
Share is trading at P/E of 33x TTM EPS

*Ashok Leyland Q4FY21 Concall Update*
(Nirmal Bang Retail Research)

*Outlook: Positive*

• Total volumes for the co were at 44,060 (+80% YoY & +40% QoQ). MHCV volumes grew by 63% YoY. LCV volumes grew by 113% YoY.
• Bus segment continued to pull down growth in MHCV segment.
• *MHCV Truck market share was at 28.9% in Q4FY21 vs 27.6% in Q4FY20. (28.1% in Q3FY21).* Avatar platform played a part in increasing market share which enables customers to have a higher degree of customization.
• Demand for LCV is growing driven by Ecommerce and last mile connectivity.
• With Govt. giving emphasis on infra, it will have a multiplier effect in the long run. This will increase demand for Tippers and multi axle vehicles/tractor trailers.
• LCV business has higher gross margins vs MHCV business.
• Co will not buy market share but gain it through superior products and service. Although broader industry thinks discounting is a major way to lure customers to buy especially on the MHCY side.
• There is a global shortage of ECUs and even the co may get impacted in future if the shortage is not resolved in a few months.
• Major capex cycle is already done and in future, there will only be maintenance capex. Capex will be at Rs. 750 Cr in FY22E.
• Net debt stands at Rs. 2880 Cr.
• All ICDs have been repaid back as on March 2021.

Share is trading at FY22 P/E of 40x & EV/Sales of 2.0x FY21

*Thyrocare Technologies – Business Update – Nirmal Bang Sec.*
*Outlook : Positive*
API Holdings, the parent company of PharmEasy, has agreed to pick up 66.11% stake (full promoter stake) in Thyrocare Technologies from its founder A Velumani for Rs 4,546 crore (about Rs 1,300 per share). API holdings has also announced open offer to acquire additional 26% stake from public at Rs 1300/share, a discount of 11.4% to Friday’s closing price.
API holdings had recently acquired medlife as well and now looking to launch an integrated app from e-consultations to treatment and now diagnostics as well. API holdings would be leveraging Thyrocare’s strong B2B model to grow in B2C, integrating its existing base.
API holdings didn’t give any clarity on delisting of Thyrocare however the company would like to de-list Thyrocare Technologies before coming out with an IPO at later stage (as per media reports, API holdings is in talk with few merchant bankers for its upcoming IPO, however management of API holdings didn’t give any clarity on the same but reiterated that they are open for options)

*Good Morning*

Suspected Drone Attack on Indian Air Force Base Said to Injure 2

Low-intensity blasts in Jammu damaged a roof: air force

Indian States Need More Financial Support From Government: S&P

States’ weaknesses outweigh strengths, S&P report says

Reliance Restarts Export Refinery Unit After Emergency Shutdown

Facility, in world’s largest refinery, was closed on June 6

RBI Revises Prudential Borrowing Limits for Call Markets Deals

Safran Mulls India Engine Repair Plant After Mega Airbus Order

TPG-Backed Unicorn Buys Listed Indian Firm for $613 Million

Cotlook Increases Cotton Deficit Estimate on Bigger Demand

India FY22 Transport Fuel Demand to Grow in Double Digits: Icra

India Forex Reserves Fall $4.15b to $603.9b in Week to June 18

RBI Cancels Benchmark Bond Auction in Effort to Control Yields

Global Funds Sell Net INR6.79B of India Stocks on June 25: NSE

Domestic funds buy net 18.3b rupees of stocks

Foreign Investors Sell Net INR7.8B of India Equities on June 24

Rajnath Singh begins visit to Ladakh amid stalemate in disengagement process with China: PTI

Cabinet secy-led panel holds crucial meeting on bank privatisation: PTI

India’s coal import rises 30% to 22 mn tonnes in April: PTI

Odisha based steel industries face shortage of iron ore: PTI

Barbeque Nation (BARBEQUE): Approves raising up to INR1b via share issue

Brigade Enterprises (BRGD): Approves QIP issue price of 268 rupees/shr

Finolex Industries (FNXP): 4Q net income 2.97b rupees vs. 557.1m rupees y/y; revenue +63% y/y to 12.5b

JSW Energy (JSW): 4Q net income 1.07b rupees, est. 1.16b; to pay dividend 2 rupees/share

Lupin Ltd. (LPC): Launches generic of Giled’s Truvada HIV-1 treatment

Manappuram Finance (MGFL): DSP Trustee raises stake in Manappuram Finance to 7.07%

Shree Renuka Sugars (SHRS): To expand ethanol capacity to 1.4m ltr/day

State Bank of India (SBIN): SBI performance trajectory of FY21 will continue in FY22;to make efforts in ‘Full Force’ on stressed assets recovery, Chairman Khara at AGM

Thyrocare Technologies (THYROCAR): PharmEasy to acquire 66.1% stake in Thyrocare for 45.5b rupees

Zuari Agro (ZUAC): India CCI Approves Zuarinagar plant acquisition by Paradeep Phosphates

 

*Dalal Street Week Ahead: Here are 10 key factors that will keep traders busy next week*

*🔸RESULTS*
In the last leg of quarterly earnings, more than 1700 BSE listed companies are going to declare their March quarter earnings in the coming week.

SpiceJet, Hindustan Motors, BF Utilities, Archies, Zee Learn, Suzlon Energy, Sunteck Realty, Subros, Sintex Industries, Rail Vikas Nigam, Ruby Mills, Ruchi Soya Industries, NBCC (India), MEP Infrastructure Developers, GMDC, A2Z Infra Engineering, Scooters India, Premier Explosives, NALCO, ISGEC Heavy Engineering, IFCI, Hindustan Aeronautics, Gammon India are among the companies which are going to announced their quarterly earnings in the this week.

*🔸CORONAVIRUS AND VACCINATION*
India achieved its highest weekly vaccination figure so far as nearly four crore jabs were administered this week.

*🔸JUNE AUTO SALES*
Auto companies are going to remain in focus, as they are going to declare their monthly sales number for the month of June on July 1.

*🔸MARKET MANUFACTURING PMI*
Nikkei Markit Manufacturing PMI numbers are going to announce on July 1.

*🔸FII SELLING*
Foreign investors remained net sellers in the cash segment of the Indian equity markets in the last week.

Foreign institutional investors (FIIs) sold equities worth Rs 2,685.9 crore, while domestic institutional investors (DIIs) bought equities worth Rs 4,729.17 crore last week.

So far in June, FIIs have bought equities worth Rs 3,162.86 and DIIs have bought equities worth Rs 2,436.20 crore.

https://www.moneycontrol.com/news/business/dalal-street-week-ahead-here-are-10-key-factors-that-will-keep-traders-busy-next-week-22-7091891.html

Dodla Dairy :- The issue with price band of Rs. 421 to 428 witnessed premiums at
Rs. 40-45 on June 11 but surged to Rs. 170-175 in two-three days but crumbled to Rs.
45-50 and now it is around Rs. 85-90. It is believed that speculative trading has taken
place so premiums are difficult to sustain after listing.
Krishna Institute of Medical Sciences ;:- in the issue with offer price band of Rs.
815-825 started at Rs. 20-25 on June 14 and went up to Rs. 60-65 and then to Rs90-95
but suddenly crumbled to Rs. 30.-35. It has surged to Rs. 130-135. It is believed that
Ashish Kacholia has made a bid of Rs. 180 crore for 20 lakh equity shares leading to the
spurt in premiums.
India Pesticides :- The issue with offer price of Rs. 290-296 witnessed premiums of
Rs. 100-110 on June 18 but were in seller circuit and now it is around Rs. 40-45.

Tech Mahindra Ltd has struck its fifth acquisition this year with a deal to purchase US-based Brainscale Inc for up to $28.8 million (Rs 214 crore) in cash.

PG Electroplast will be setting up a new air-conditioner manufacturing plant at Ahmednagar in Maharashtra.

https://www.cnbctv18.com/business/pg-electroplast-lines-up-rs-100-crore-investment-for-fy22-to-focus-on-enhancing-ac-manufacturing-capacity-9793861.htm?utm_source=telegramapp&utm_medium=social&utm_campaign=telegram