*Manali Petrochemicals Ltd.* | *CMP* Rs. 82 | *M Cap* Rs. 1413 Cr | *52 W H/L* 90/18
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 365.7 Cr (4.7% QoQ, 54.4% YoY) vs QoQ Rs. 349.4 Cr, YoY Rs. 236.8 Cr
EBIDTA came at Rs. 125.8 Cr (-1% QoQ, 694.1% YoY) vs QoQ Rs. 127 Cr, YoY Rs. 15.8 Cr
EBITDA Margin came at 34.4% vs QoQ 36.4%, YoY 6.7%
Adj. PAT came at Rs. 92.8 Cr vs QoQ Rs. 95 Cr, YoY Rs. 28.4 Cr
Quarter EPS is Rs. 5.4
Share is trading at P/E of 6.4x TTM EPS

*Uflex Ltd.* | *CMP* Rs. 477 | *M Cap* Rs. 3448 Cr | *52 W H/L* 485/202
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 2564.2 Cr (21.8% QoQ, 45.6% YoY) vs QoQ Rs. 2105.2 Cr, YoY Rs. 1761 Cr
EBIDTA came at Rs. 508.8 Cr (23.9% QoQ, 92.4% YoY) vs QoQ Rs. 410.7 Cr, YoY Rs. 264.4 Cr
EBITDA Margin came at 19.8% vs QoQ 19.5%, YoY 15%
Adj. PAT came at Rs. 264.7 Cr vs QoQ Rs. 159.9 Cr, YoY Rs. 100.6 Cr
Quarter EPS is Rs. 36.7
Share is trading at P/E of 4.1x TTM EPS

*Triveni Engineering & Industries Ltd.* | *CMP* Rs. 191 | *M Cap* Rs. 4627 Cr | *52 W H/L* 203/52
(Nirmal Bang Retail Research)
*Result is ok* YoY decline in Sales is on account of lower dispatch of Sugar
Revenue from Operations came at Rs. 1160.1 Cr (3.4% QoQ, -22.4% YoY) vs QoQ Rs. 1121.9 Cr, YoY Rs. 1494 Cr
EBIDTA came at Rs. 164.3 Cr (2.4% QoQ, -11.9% YoY) vs QoQ Rs. 160.5 Cr, YoY Rs. 186.4 Cr
EBITDA Margin came at 14.2% vs QoQ 14.3%, YoY 12.5%
Adj. PAT came at Rs. 85 Cr vs QoQ Rs. 94.7 Cr, YoY Rs. 137.6 Cr
Quarter EPS is Rs. 3.5
Share is trading at P/E of 11.3x FY22E EPS

*KRBL Ltd.* | *CMP* Rs. 248 | *M Cap* Rs. 5838 Cr | *52 W H/L* 340/173
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 974 Cr (-13.1% QoQ, -8.3% YoY) vs QoQ Rs. 1120.7 Cr, YoY Rs. 1062.5 Cr
EBIDTA came at Rs. 209.1 Cr (4.4% QoQ, -8.3% YoY) vs QoQ Rs. 200.3 Cr, YoY Rs. 228.1 Cr
EBITDA Margin came at 21.5% vs QoQ 17.9%, YoY 21.5%
Adj. PAT came at Rs. 138.1 Cr vs QoQ Rs. 145.3 Cr, YoY Rs. 149.7 Cr
Quarter EPS is Rs. 5.9
Share is trading at P/E of 10.4x TTM EPS

*Hindustan Oil Exploration Company Ltd.* | *CMP* Rs. 118 | *M Cap* Rs. 1560 Cr | *52 W H/L* 125/60
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 28.8 Cr (3.6% QoQ, -14% YoY) vs QoQ Rs. 27.8 Cr, YoY Rs. 33.5 Cr
EBIDTA came at Rs. 11.7 Cr (-9.2% QoQ, 6.4% YoY) vs QoQ Rs. 12.9 Cr, YoY Rs. 11 Cr
EBITDA Margin came at 40.5% vs QoQ 46.2%, YoY 32.8%
Adj. PAT came at Rs. 7.2 Cr vs QoQ Rs. 8.4 Cr, YoY Rs. 11.6 Cr
Quarter EPS is Rs. 0.5
Share is trading at P/E of 39.6x TTM EPS

*Nandan Denim Ltd.* | *CMP* Rs. 46 | *M Cap* Rs. 221 Cr | *52 W H/L* 55/13
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 372.2 Cr (19.4% QoQ, 20.8% YoY) vs QoQ Rs. 311.6 Cr, YoY Rs. 308.1 Cr
EBIDTA came at Rs. 50.4 Cr (90.6% QoQ, 1990.4% YoY) vs QoQ Rs. 26.4 Cr, YoY Rs. 2.4 Cr
EBITDA Margin came at 13.5% vs QoQ 8.5%, YoY 0.8%
Adj. PAT came at Rs. 15.3 Cr vs QoQ Rs. 3 Cr, YoY Rs. -7.6 Cr
Quarter EPS is Rs. 3.2

*Bharat Rasayan Ltd.* | *CMP* Rs. 12600 | *M Cap* Rs. 5355 Cr | *52 W H/L* 14005/6815
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 269.8 Cr (21.5% QoQ, -0.4% YoY) vs QoQ Rs. 222 Cr, YoY Rs. 271 Cr
EBIDTA came at Rs. 65.6 Cr (29.1% QoQ, 37.6% YoY) vs QoQ Rs. 50.8 Cr, YoY Rs. 47.7 Cr
EBITDA Margin came at 24.3% vs QoQ 22.9%, YoY 17.6%
Adj. PAT came at Rs. 46.8 Cr vs QoQ Rs. 35.1 Cr, YoY Rs. 36.2 Cr
Quarter EPS is Rs. 110.1
Share is trading at P/E of 32.4x TTM EPS

*Dredging Corporation Of India Ltd.* | *CMP* Rs. 413 | *M Cap* Rs. 1156 Cr | *52 W H/L* 458/207
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 211.9 Cr (-18.2% QoQ, -6.9% YoY) vs QoQ Rs. 259 Cr, YoY Rs. 227.6 Cr
EBIDTA came at Rs. -75.6 Cr (-938.7% QoQ, -321.1% YoY) vs QoQ Rs. 9 Cr, YoY Rs. 34.2 Cr
EBITDA Margin came at -35.7% vs QoQ 3.5%, YoY 15%
Adj. PAT came at Rs. -110.8 Cr vs QoQ Rs. -25.6 Cr, YoY Rs. -4.4 Cr
Quarter EPS is Rs. -39.6
Share is trading at P/E of -6.7x TTM EPS

*BAJAJ STEEL INDUSTRIES LTD.* | *CMP* Rs. 775 | *M Cap* Rs. 403 Cr | *52 W H/L* 888/102
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 124.7 Cr (-22.2% QoQ, 68.5% YoY) vs QoQ Rs. 160.2 Cr, YoY Rs. 74 Cr
EBIDTA came at Rs. 39.4 Cr (48.1% QoQ, 305.6% YoY) vs QoQ Rs. 26.6 Cr, YoY Rs. 9.7 Cr
EBITDA Margin came at 31.6% vs QoQ 16.6%, YoY 13.1%
Adj. PAT came at Rs. 29.6 Cr vs QoQ Rs. 17.6 Cr, YoY Rs. 5 Cr
Quarter EPS is Rs. 57
Share is trading at P/E of 6.1x TTM EPS

*Fermenta Biotech Ltd.* | *CMP* Rs. 361 | *M Cap* Rs. 1062 Cr | *52 W H/L* 442/240
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 99.5 Cr (10.6% QoQ, 54.1% YoY) vs QoQ Rs. 90 Cr, YoY Rs. 64.5 Cr
EBIDTA came at Rs. 10.2 Cr (-54.2% QoQ, 7.8% YoY) vs QoQ Rs. 22.2 Cr, YoY Rs. 9.4 Cr
EBITDA Margin came at 10.2% vs QoQ 24.7%, YoY 14.6%
Adj. PAT came at Rs. 7.4 Cr vs QoQ Rs. 9.8 Cr, YoY Rs. 3.1 Cr
Quarter EPS is Rs. 2.5
Share is trading at P/E of 23.3x TTM EPS

*NBCC (India) Ltd.* | *CMP* Rs. 52 | *M Cap* Rs. 9360 Cr | *52 W H/L* 60/22
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 2667.4 Cr (26.8% QoQ, 2.6% YoY) vs QoQ Rs. 2103.6 Cr, YoY Rs. 2600.3 Cr
EBIDTA came at Rs. 76 Cr (19.1% QoQ, 46.2% YoY) vs QoQ Rs. 63.9 Cr, YoY Rs. 52 Cr
EBITDA Margin came at 2.9% vs QoQ 3%, YoY 2%
Adj. PAT came at Rs. 79.6 Cr vs QoQ Rs. 93.4 Cr, YoY Rs. 79 Cr
Quarter EPS is Rs. 0.4
Share is trading at P/E of 42.2x TTM EPS

*Sterling and Wilson Solar Ltd.* | *CMP* Rs. 262 | *M Cap* Rs. 4201 Cr | *52 W H/L* 344/184
(Nirmal Bang Retail Research)
*Result declining* Company reported large loss on account of higher cost of construction material
Revenue from Operations came at Rs. 1364.5 Cr (4% QoQ, -33.8% YoY) vs QoQ Rs. 1311.7 Cr, YoY Rs. 2060.6 Cr
EBIDTA came at Rs. -424.3 Cr (-3038.4% QoQ, -417.7% YoY) vs QoQ Rs. 14.4 Cr, YoY Rs. 133.6 Cr
EBITDA Margin came at -31.1% vs QoQ 1.1%, YoY 6.5%
Adj. PAT came at Rs. -346.9 Cr vs QoQ Rs. 21.6 Cr, YoY Rs. 132.3 Cr
Quarter EPS is Rs. -21.6
Share is trading at P/E of -14.7x TTM EPS

*Hi-Tech Gears Ltd.* | *CMP* Rs. 259 | *M Cap* Rs. 486 Cr | *52 W H/L* 266/95
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 249.6 Cr (11.5% QoQ, 55.5% YoY) vs QoQ Rs. 223.8 Cr, YoY Rs. 160.5 Cr
EBIDTA came at Rs. 41.4 Cr (70.3% QoQ, 157.9% YoY) vs QoQ Rs. 24.3 Cr, YoY Rs. 16.1 Cr
EBITDA Margin came at 16.6% vs QoQ 10.9%, YoY 10%
Adj. PAT came at Rs. 28.7 Cr vs QoQ Rs. 4.1 Cr, YoY Rs. -5.2 Cr
Quarter EPS is Rs. 15.3
Share is trading at P/E of 16.9x TTM EPS

*Vindhya Telelinks Ltd.* | *CMP* Rs. 1232 | *M Cap* Rs. 1460 Cr | *52 W H/L* 1265/620
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 556.6 Cr (65.1% QoQ, 21.2% YoY) vs QoQ Rs. 337.2 Cr, YoY Rs. 459.1 Cr
EBIDTA came at Rs. 86.4 Cr (102.2% QoQ, 37.5% YoY) vs QoQ Rs. 42.7 Cr, YoY Rs. 62.8 Cr
EBITDA Margin came at 15.5% vs QoQ 12.7%, YoY 13.7%
Adj. PAT came at Rs. 45 Cr vs QoQ Rs. 13.7 Cr, YoY Rs. 28.2 Cr
Quarter EPS is Rs. 38
Share is trading at P/E of 14.1x TTM EPS

*GUJARAT SIDHEE CEMENT LTD.* | *CMP* Rs. 45 | *M Cap* Rs. 400 Cr | *52 W H/L* 52/23
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 194.4 Cr (26.2% QoQ, 17.5% YoY) vs QoQ Rs. 154 Cr, YoY Rs. 165.5 Cr
EBIDTA came at Rs. 33.9 Cr (2007% QoQ, 28.8% YoY) vs QoQ Rs. 1.6 Cr, YoY Rs. 26.3 Cr
EBITDA Margin came at 17.4% vs QoQ 1%, YoY 15.9%
Adj. PAT came at Rs. 19.6 Cr vs QoQ Rs. -0.1 Cr, YoY Rs. 16.3 Cr
Quarter EPS is Rs. 2.2
Share is trading at P/E of 13.6x TTM EPS

*Techno Electric & Engineering Company Ltd.* | *CMP* Rs. 336 | *M Cap* Rs. 3696 Cr | *52 W H/L* 355/170
(Nirmal Bang Retail Research)
*Result is below expectation*
Revenue from Operations came at Rs. 214.8 Cr (-13.2% QoQ, 88.3% YoY) vs expectation of Rs. 344.4 Cr, QoQ Rs. 247.6 Cr, YoY Rs. 114.1 Cr
EBIDTA came at Rs. 19 Cr (-75.5% QoQ, 193.2% YoY) vs expectation of Rs. 67.7 Cr, QoQ Rs. 77.5 Cr, YoY Rs. 6.5 Cr
EBITDA Margin came at 8.8% vs expectation of 19.7%, QoQ 31.3%, YoY 5.7%
Adj. PAT came at Rs. 9.4 Cr vs expectation of Rs. 50.8 Cr, QoQ Rs. 56 Cr, YoY Rs. 3.4 Cr
Quarter EPS is Rs. 0.9
Share is trading at P/E of 16.2x FY22E EPS

ITC going big in Biscuit Industry

- Sunfeast takes on popular Bangladeshi biscuit brand Pran Potata Spicy Biscuit

- ITC increase competition in the Rs 6,000 crore cracker biscuits category

- Pran's products largely sell in north-east and West Bengal

- Pran's potato biscuit brand has pan-India sales

- ITC’s potato biscuit will be available first in south India, West Bengal and markets in north-eastern states

- With the launch of Sunfeast All Rounder, ITC wants to re-define the consumer experience within biscuits & particularly the cracker segment

Financial News Bulletin Dt.30th June, 2021 forwarded by Allahabad Bank Employees' Union-APTS- affiliated to All India Bank Employees' Association (AIBEA)

The RBI asked co-operative banks to ensure that their outsourcing arrangements do not diminish their ability to fulfil their obligations to customers and the RBI. Further, such arrangements should not impede effective supervision by the RBI / NABARD. “Co-operative banks, therefore, have to take steps to ensure that the service provider employs the same high standard of care in performing the services as would be employed by them, if the activities were conducted by the banks and not outsourced,” said the RBI in its ‘Guidelines for Managing Risk in Outsourcing of Financial Services by Co-operative Banks’.
-Business Line

The the huge slowdown in credit offtake is worrying banking sector with growth in hit due to lack of investments from the private sector and low capital expenditure by corporates, said V S Radhakrishnan, Deputy Managing Director at SBI. Deposit growth has been close to 10% in May 2021 as customers opt for savings rather than consumption.
-Business Line

Banks have so far lent 90% of the Rs 3 lakh crore under emergency credit line guarantee scheme announced last year to help small businesses tide over the pandemic, according to a report by Crisil. On Monday, the Govt expanded the emergency credit line guarantee scheme (ECLGS) by another Rs 1.5 lakh Cr, which Crisil feels will help alleviate the potential stress on asset quality of banks arising from the second wave of the pandemic.
-Economic Times

The SBI will levy charges for cash withdrawal beyond 4 free transactions in a month from customers holding the basic savings bank deposit (BSBD) accounts. These customers will also be levied charges for cheque book beyond 10 leaves in a year. As per the revision in service charges for BSBD accounts, SBI will levy charges ranging from Rs 15 to Rs 75 for the "additional value added services" with effect from July 1, 2021.
-Business Standard

Axis Bank has selected Amazon Web Services (AWS) to accelerate its digital transformation programme. “As part of a multi-year agreement, Axis Bank will draw on the breadth and depth of AWS services, including containers, database, and compute, to build a portfolio of new digital financial services to bring advanced banking experiences to customers, including online accounts that can be opened in under 6 minutes and instant digital payments, helping the bank increase customer satisfaction by 35% and lower costs by 24%,” AWS, an Amazon.com Co, said in a statement today.
-Business Line

RBL Bank has appointed Chandan Sinha and Manjeev Singh Puri to its board of directors. Sinha is a career central banker and industry veteran with over 40 years of experience and Puri is a former senior Indian diplomat and India’s ambassador to several countries with over 38 years of experience.
-Business Line

Ujjivan Small Finance Bank has partnered with digital lender LoanTap to provide personal loans to salaried professionals. “This is part of Ujjivan SFB’s API banking initiative, through which over 150 APIs are available offering fast and secure tie-ups for digital lending and digital liabilities, payments to fintechs,” it said in a statement today.
-Business Line

The SEBI today approved amendments to key regulations pertaining to accredited investors, independent directors and reward for whistleblowers. The amendments issued by Sebi also covers asset management companies, audit committees, real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), among others.
-moneycontrol.com

NITI Aayog today released a comprehensive study on the 'not-for-profit' hospital model in the country, in a step towards closing the information gap on such institutions and facilitating robust policymaking in this area. The not-for-profit hospital sector provides not only curative but also preventive healthcare. It links healthcare with social reform, community engagement, and education.

This 7 days safety assessment requirement is meant to speed up the roll out in case of vaccines that are already approved by US-FDA for emergency use. Moderna will be the fourth COVID-19 vaccine available in India after Covishield, Covaxin and Sputnik.

IPO ALERT

GR INFRAPROJECTS

DATE 7 to 9 JULY , 2021

EXPECTED PRICE BAND 828-837

EXPECTED LOT SIZE 17

Fwd

Securities in Ban For Trade Date 30-June-2021:

NATIONALUM

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