BCGs 1 quarter sales & profits are more than the annual profits & sales of Affle but even after rising BCG is quoting around Rs.20 at a PE of just 2 whereas Affle is trading at Rs.4600 at a PE of more than 100.
BCG is a truly global company spread over more than 24 countries with a huge array of products & services ranging from digital adtech services to AI, ML & IoT products/services & all these are just the tip of the iceberg as it has stakes & business interests in lot more companies which is undisclosed right now on the otherside Affle is just a regional player with fewer variety of services.
For a turnover of about Rs.2900 crores & net profits of about Rs. 500 crores BCG is very very undervalued stock with such a big turnover & profits any other company would have easily got a valuations of 5-10 billion dollars, so imagine the extent of under valuation in BCG & the distance it can travel.
BCG is a truly global company spread over more than 24 countries with a huge array of products & services ranging from digital adtech services to AI, ML & IoT products/services & all these are just the tip of the iceberg as it has stakes & business interests in lot more companies which is undisclosed right now on the otherside Affle is just a regional player with fewer variety of services.
For a turnover of about Rs.2900 crores & net profits of about Rs. 500 crores BCG is very very undervalued stock with such a big turnover & profits any other company would have easily got a valuations of 5-10 billion dollars, so imagine the extent of under valuation in BCG & the distance it can travel.
#FinanceMinister @nsitharaman speak on relief for stressed sectors and steps taken towards economic revival!
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GRAVITA INDIA: India largest battery recycling Co. is entering the electric vehicle battery recycling biz says report
Securities in Ban For Trade Date 29-June-2021:
NATIONALUM
*Added - NATIONALUM*
*Deleted-No*
NATIONALUM
*Added - NATIONALUM*
*Deleted-No*
Here are the key highlights from the finance minister's presentation:
Loan guarantees worth Rs 1.1 lakh crore to be provided for Covid-hit sectors.
Size of emergency credit guarantee scheme to be increased to Rs 4.5 lakh crore from Rs 3 lakh crore.
Government to offer guarantees to banks for lending to microfinance sector.
Loan guarantees to be given for tourism sector under the emergency credit guarantee scheme.
Free visa for first 5 lakh tourists once borders reopen.
Atmanirbhar Bharat Rozgar Yojana extended till March 31, 2022.
An additional Rs 23,220 crore has been earmarked for public health in FY22.
BharatNet plan expanded with an additional Rs 19,041 crore.
Tenure of performance-linked incentive scheme for electronic manufacturing extended by a year.
Loan guarantees worth Rs 1.1 lakh crore to be provided for Covid-hit sectors.
Size of emergency credit guarantee scheme to be increased to Rs 4.5 lakh crore from Rs 3 lakh crore.
Government to offer guarantees to banks for lending to microfinance sector.
Loan guarantees to be given for tourism sector under the emergency credit guarantee scheme.
Free visa for first 5 lakh tourists once borders reopen.
Atmanirbhar Bharat Rozgar Yojana extended till March 31, 2022.
An additional Rs 23,220 crore has been earmarked for public health in FY22.
BharatNet plan expanded with an additional Rs 19,041 crore.
Tenure of performance-linked incentive scheme for electronic manufacturing extended by a year.
*HDFCLIFE (HDFCLIFE)*: Standard Life is offering up to 70 million shares (~3.5% equity). The block is expected to happen tomorrow.
*Impact*: The stock being a part of key large indices, it will lead to buying flows largely on account of stake sale by a Promoter entity.
*MSCI*: The current FIF in the stock is ~0.4 which will increase to 0.45 post the stake sale. As a result the weight of the stock will increase by ~12 bps, leading to a buying flows of $46 million | 4.7 million shares | 1.3x ATV.
*Nifty*: The current IWF in the stock is ~0.41 which will increase to 0.45 post the stake sale. As a result the weight of the stock will increase by ~9 bps, leading to a buying flows of $15.5 million | 1.6 million shares | 0.4x ATV
*Technically*, the stock in last 6 months has been moving in a downward slopping channel pattern with the lower trend-line support at ~654 levels. The 200-day EMA level in the stock is placed at ~659 levels.
*Recent Performance*: On a 3 month basis, the stock has under-performed Nifty by ~1.2%. It has under-performed IPRU and SBILIFE by ~38% and 10% respectively.
*Impact*: The stock being a part of key large indices, it will lead to buying flows largely on account of stake sale by a Promoter entity.
*MSCI*: The current FIF in the stock is ~0.4 which will increase to 0.45 post the stake sale. As a result the weight of the stock will increase by ~12 bps, leading to a buying flows of $46 million | 4.7 million shares | 1.3x ATV.
*Nifty*: The current IWF in the stock is ~0.41 which will increase to 0.45 post the stake sale. As a result the weight of the stock will increase by ~9 bps, leading to a buying flows of $15.5 million | 1.6 million shares | 0.4x ATV
*Technically*, the stock in last 6 months has been moving in a downward slopping channel pattern with the lower trend-line support at ~654 levels. The 200-day EMA level in the stock is placed at ~659 levels.
*Recent Performance*: On a 3 month basis, the stock has under-performed Nifty by ~1.2%. It has under-performed IPRU and SBILIFE by ~38% and 10% respectively.
SEBI grounds GoAir IPO for 90 days pending enquiry against promoter Bombay Dyeing
https://www.moneycontrol.com/news/business/ipo/sebi-grounds-goair-ipo-for-90-days-pending-enquiry-against-promoter-bombay-dyeing-7097571.html
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https://www.moneycontrol.com/news/business/ipo/sebi-grounds-goair-ipo-for-90-days-pending-enquiry-against-promoter-bombay-dyeing-7097571.html
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Moneycontrol
SEBI Grounds GoAir IPO For 90 Days Pending Enquiry Against Promoter Bombay Dyeing
Regulator sends show cause notice to Bombay Dyeing alleging irreguarities.
*Savita Oil Technologies Ltd.* | *CMP* Rs. 1374 | *M Cap* Rs. 1899 Cr | *52 W H/L* 1393/621
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 633.1 Cr (18.4% QoQ, 40.8% YoY) vs QoQ Rs. 534.9 Cr, YoY Rs. 449.7 Cr
EBIDTA came at Rs. 131.1 Cr (25.1% QoQ, 390.5% YoY) vs QoQ Rs. 104.8 Cr, YoY Rs. 26.7 Cr
EBITDA Margin came at 20.7% vs QoQ 19.6%, YoY 5.9%
Adj. PAT came at Rs. 94.5 Cr vs QoQ Rs. 81.1 Cr, YoY Rs. 20.6 Cr
Quarter EPS is Rs. 68.4
Share is trading at P/E of 8.5x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 633.1 Cr (18.4% QoQ, 40.8% YoY) vs QoQ Rs. 534.9 Cr, YoY Rs. 449.7 Cr
EBIDTA came at Rs. 131.1 Cr (25.1% QoQ, 390.5% YoY) vs QoQ Rs. 104.8 Cr, YoY Rs. 26.7 Cr
EBITDA Margin came at 20.7% vs QoQ 19.6%, YoY 5.9%
Adj. PAT came at Rs. 94.5 Cr vs QoQ Rs. 81.1 Cr, YoY Rs. 20.6 Cr
Quarter EPS is Rs. 68.4
Share is trading at P/E of 8.5x TTM EPS
*ISGEC Heavy Engineering Ltd.* | *CMP* Rs. 641 | *M Cap* Rs. 4713 Cr | *52 W H/L* 654/217
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 1617.7 Cr (16.2% QoQ, 4.9% YoY) vs QoQ Rs. 1392.5 Cr, YoY Rs. 1541.5 Cr
EBIDTA came at Rs. 121.6 Cr (20.9% QoQ, 133.6% YoY) vs QoQ Rs. 100.6 Cr, YoY Rs. 52.1 Cr
EBITDA Margin came at 7.5% vs QoQ 7.2%, YoY 3.4%
Adj. PAT came at Rs. 68.5 Cr vs QoQ Rs. 66.3 Cr, YoY Rs. 14.3 Cr
Quarter EPS is Rs. 9.3
Share is trading at P/E of 18.6x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 1617.7 Cr (16.2% QoQ, 4.9% YoY) vs QoQ Rs. 1392.5 Cr, YoY Rs. 1541.5 Cr
EBIDTA came at Rs. 121.6 Cr (20.9% QoQ, 133.6% YoY) vs QoQ Rs. 100.6 Cr, YoY Rs. 52.1 Cr
EBITDA Margin came at 7.5% vs QoQ 7.2%, YoY 3.4%
Adj. PAT came at Rs. 68.5 Cr vs QoQ Rs. 66.3 Cr, YoY Rs. 14.3 Cr
Quarter EPS is Rs. 9.3
Share is trading at P/E of 18.6x TTM EPS
SRF: CO APPROVED FOR A PROJECT FOR SETTING-UP OF A RANGE OF DEDICATED PLANTS TO PRODUCE SPECIALTY CHEMICALS AT AN ESTIMATED COST OF 2.38B RUPEES.
*National Aluminium Company Ltd.* | *CMP* Rs. 80 | *M Cap* Rs. 14702 Cr | *52 W H/L* 82/29
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 2821.5 Cr (18.6% QoQ, 45.7% YoY) vs QoQ Rs. 2378.8 Cr, YoY Rs. 1935.9 Cr
EBIDTA came at Rs. 944 Cr (117.6% QoQ, 353% YoY) vs QoQ Rs. 433.9 Cr, YoY Rs. 208.4 Cr
EBITDA Margin came at 33.5% vs QoQ 18.2%, YoY 10.8%
Adj. PAT came at Rs. 935.6 Cr vs QoQ Rs. 239.8 Cr, YoY Rs. 102.8 Cr (Higher PAT is also on account of Tax W/back)
Quarter EPS is Rs. 5.1
Share is trading at P/E of 14.1x FY22E EPS
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 2821.5 Cr (18.6% QoQ, 45.7% YoY) vs QoQ Rs. 2378.8 Cr, YoY Rs. 1935.9 Cr
EBIDTA came at Rs. 944 Cr (117.6% QoQ, 353% YoY) vs QoQ Rs. 433.9 Cr, YoY Rs. 208.4 Cr
EBITDA Margin came at 33.5% vs QoQ 18.2%, YoY 10.8%
Adj. PAT came at Rs. 935.6 Cr vs QoQ Rs. 239.8 Cr, YoY Rs. 102.8 Cr (Higher PAT is also on account of Tax W/back)
Quarter EPS is Rs. 5.1
Share is trading at P/E of 14.1x FY22E EPS
Bulk Deal as on 26-06-21
Dodla Dairy
+ 2.90 Lk @ 551.19 Maruti Nandan Colonizers Pvt Ltd
Hexa Tradex
+ 4.94 Lk @ 117.39 Siddeshwari Tradex Pvt Ltd
Hindustan Media Venture
- 39.68 Lk @ 81.17 Kotak Mahindra (International) Ltd
- 30.50 Lk @ 81.16 Lavender Investment Ltd
Krishna Institute Medical
- 4.23 Lk @ 959.59 Ashish Kacholia
+ 12.89 Lk @ 992.3 Nomura India Investment Fund
- 4.42 Lk @ 981.4 Societe Generale
Max India
- 26.83 Lk @ 70.4 Max Venture Investment Holding
+ 26.83 Lk @ 70.4 Siva Enterprises Pvt Ltd
Max Venture & Ind Ltd.
- 1.46 Crore @ 69.5 Max Venture Investment Holding
+ 1.46 Crore @ 69.5 Siva Enterprises Pvt Ltd
McLeod Russel
- 70.67 Lk @ 34.65 IndusInd Bank Ltd
+ 10 Lk @ 34.65 Sanghvi Associate
+ 6 Lk @ 35.1 Pankaj Babulal Vora
+ 14.90 Lk @ 34.65 Visa Capital Partners
National Aluminium
+ 1.20 Crore @ 79.72 Kotak Securities Ltd
Rama Steel Tubes
+ 1 Lk @ 125.55 Invictus Stock Research Pvt Ltd
Steelcast
+ 2 Lk @ 160 Chetan Kumar Tamboli
+ 1.99 Lk @ 160 Manaliben Chetan Kumar Tamboli
- 3.14 Lk @ 160 Bellwether Capital Pvt Ltd
Tanla Platforms
+ 5 Lk @ 836.8 Sbi Life Insurance
+ 4.64 Lk @ 836.8 SmallCap World Fund
- 7.14 Lk @ 836.8 Banyan Investment Ltd
- 1.25 Lk @ 836.8 Mihir Ashok Gandhi
- 1.25 Lk @ 836.8 Sidhant Sachdev
Thyrocare
+ 15 Lk @ 1300 Plutus Wealth Management
- 37.09 Lk @ 1314.63 Nalanda India Equity fund Ltd
Websol Energy
- 8 Lk @ 57.33 Keynote Commodities Ltd
+ 5.5 Lk @ 57 Zyana Stock & Commodities
Dodla Dairy
+ 2.90 Lk @ 551.19 Maruti Nandan Colonizers Pvt Ltd
Hexa Tradex
+ 4.94 Lk @ 117.39 Siddeshwari Tradex Pvt Ltd
Hindustan Media Venture
- 39.68 Lk @ 81.17 Kotak Mahindra (International) Ltd
- 30.50 Lk @ 81.16 Lavender Investment Ltd
Krishna Institute Medical
- 4.23 Lk @ 959.59 Ashish Kacholia
+ 12.89 Lk @ 992.3 Nomura India Investment Fund
- 4.42 Lk @ 981.4 Societe Generale
Max India
- 26.83 Lk @ 70.4 Max Venture Investment Holding
+ 26.83 Lk @ 70.4 Siva Enterprises Pvt Ltd
Max Venture & Ind Ltd.
- 1.46 Crore @ 69.5 Max Venture Investment Holding
+ 1.46 Crore @ 69.5 Siva Enterprises Pvt Ltd
McLeod Russel
- 70.67 Lk @ 34.65 IndusInd Bank Ltd
+ 10 Lk @ 34.65 Sanghvi Associate
+ 6 Lk @ 35.1 Pankaj Babulal Vora
+ 14.90 Lk @ 34.65 Visa Capital Partners
National Aluminium
+ 1.20 Crore @ 79.72 Kotak Securities Ltd
Rama Steel Tubes
+ 1 Lk @ 125.55 Invictus Stock Research Pvt Ltd
Steelcast
+ 2 Lk @ 160 Chetan Kumar Tamboli
+ 1.99 Lk @ 160 Manaliben Chetan Kumar Tamboli
- 3.14 Lk @ 160 Bellwether Capital Pvt Ltd
Tanla Platforms
+ 5 Lk @ 836.8 Sbi Life Insurance
+ 4.64 Lk @ 836.8 SmallCap World Fund
- 7.14 Lk @ 836.8 Banyan Investment Ltd
- 1.25 Lk @ 836.8 Mihir Ashok Gandhi
- 1.25 Lk @ 836.8 Sidhant Sachdev
Thyrocare
+ 15 Lk @ 1300 Plutus Wealth Management
- 37.09 Lk @ 1314.63 Nalanda India Equity fund Ltd
Websol Energy
- 8 Lk @ 57.33 Keynote Commodities Ltd
+ 5.5 Lk @ 57 Zyana Stock & Commodities
Standard Life Seeks Up to $640m From HDFC Life Share Sale
Standard Life (Mauritius Holdings) 2006 Ltd. is selling 70 million (nearly 3.5% stake) shares in HDFC Life Insurance. The shares are being offered at Rs658 rupees to Rs678 each. The price range represents a discount of 2.6% to 5.5% to Monday’s close of Rs696. Standard Life current holding at 8.8% stake while HDFC Holding at 49.95% stake
Standard Life (Mauritius Holdings) 2006 Ltd. is selling 70 million (nearly 3.5% stake) shares in HDFC Life Insurance. The shares are being offered at Rs658 rupees to Rs678 each. The price range represents a discount of 2.6% to 5.5% to Monday’s close of Rs696. Standard Life current holding at 8.8% stake while HDFC Holding at 49.95% stake
*Schemes impacting Banks & NBFCs announced by FM today*
• Centre has increased the threshold for Emergency Credit-Linked Guarantee Scheme (ECLGS) to Rs 4.5 lakh crore from the current Rs 3 lakh crore. *Positive for banks*
• Guarantee will be provided to Banks for loans to NBFC-MFIs for on lending up to Rs 1.25 lakh to approximately 25 lakh small borrowers. Thus total amount comes to Rs. 31,250 Cr. Interest rate on loans from banks to be capped at MCLR plus 2%. *Positive mostly for Banks & slightly for MFIs as their liquidity position eases*
• Centre has increased the threshold for Emergency Credit-Linked Guarantee Scheme (ECLGS) to Rs 4.5 lakh crore from the current Rs 3 lakh crore. *Positive for banks*
• Guarantee will be provided to Banks for loans to NBFC-MFIs for on lending up to Rs 1.25 lakh to approximately 25 lakh small borrowers. Thus total amount comes to Rs. 31,250 Cr. Interest rate on loans from banks to be capped at MCLR plus 2%. *Positive mostly for Banks & slightly for MFIs as their liquidity position eases*