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Morgan Stanley Reinstates Coverage On Indian IT Stocks …. Overweight on TCS and Infosys – Media Reports
· The global research firm has initiated coverage on five technology stocks in India -- Tata Consultancy Services Ltd., Wipro Ltd., Infosys Ltd., Tech Mahindra Ltd. and HCL Technologies Ltd.
· "Indian IT companies have shifted their business mix aggressively towards digital and are positioned well to cash in on the potential incremental spending on technology over the next 10 years, which is slated to be bigger than in the previous two decades," Morgan Stanley said in a note.
· Overweight on TCS and Infosys and expect them to narrow the valuation gap with global peers such as Accenture. Revenue surprises could offset margin misses at these firms.
· Even weight on HCL Tech and Tech Mahindra on lagging growth. Believe the valuation discount for these two will remain high as growth lags that of peers.
· Underweight on Wipro given its small valuation discount to Infosys while revenue growth will continue to lag that of Infosys and the acquisition will drag earnings.
· We think premium multiples will be supported by better revenue growth visibility, improved capital allocation and return ratio profile and uplift in global tech multiples.
· The global research firm has initiated coverage on five technology stocks in India -- Tata Consultancy Services Ltd., Wipro Ltd., Infosys Ltd., Tech Mahindra Ltd. and HCL Technologies Ltd.
· "Indian IT companies have shifted their business mix aggressively towards digital and are positioned well to cash in on the potential incremental spending on technology over the next 10 years, which is slated to be bigger than in the previous two decades," Morgan Stanley said in a note.
· Overweight on TCS and Infosys and expect them to narrow the valuation gap with global peers such as Accenture. Revenue surprises could offset margin misses at these firms.
· Even weight on HCL Tech and Tech Mahindra on lagging growth. Believe the valuation discount for these two will remain high as growth lags that of peers.
· Underweight on Wipro given its small valuation discount to Infosys while revenue growth will continue to lag that of Infosys and the acquisition will drag earnings.
· We think premium multiples will be supported by better revenue growth visibility, improved capital allocation and return ratio profile and uplift in global tech multiples.
Interest rates on various small saving schemes remain unchanged. https://www.bloombergquint.com/business/government-leaves-small-savings-interest-rates-unchanged
Bloomberg | Quint
Government Leaves Small Savings Interest Rates Unchanged
Interest rates on various small saving schemes remain unchanged.
*SGX Nifty +13 pts (15760) from last trade 15747 ,*
Nikkei -68 pts ,
Hangseng clsd ,
Now @6.54am .
Dow +210.22 pts ,Nsdq -24.38 pts, S&P
+5.70 pts, , Bovespa -525 pts , Ftse -50 pts , Dax -159 pts , Cac -59 pts , Crude @ $73.54 brl (+0.07), Brent @ $75.13 brl (+0.00) , Gold @ 1770.40 (-1.20), Silver @ $26.22 (+0.02), Euro @ $1.1856, JPY @ $111.10, INR @ 74.365
*Today's Corporate Action*
*1st Jul Ex Date*
ADANIENT
Dividend - Rs. - 1.0000
APCOTEXIND
Final Dividend - Rs. - 2.0000
DHUNTEAIND
Dividend - Rs. - 5.0000
FEDERALBNK
Final Dividend - Rs. - 0.7000
LTI
Final Dividend - Rs. - 25.0000
MARKSANS
E.G.M.
MINDACORP
Final Dividend - Rs. - 0.3500
MMFL
Interim Dividend - Rs. - 5.0000
PETRONET
Final Dividend - Rs. - 3.5000
PFC
Final Dividend - Rs. - 2.0000
PTL
Final Dividend - Rs. - 2.5000
SMRUTHIORG
Dividend - Rs. - 3.0000
SUBEX
Final Dividend - Rs. - 0.2500
SUNDARMFIN
Final Dividend - Rs. - 6.0000
SWARAJENG
Dividend - Rs. - 50.0000
SWARAJENG
Special Dividend - Rs. - 19.0000
TTKPRESTIG
Dividend - Rs. - 30.0000
UBL
Dividend - Rs. - 0.5000
VISHNU
Dividend - Rs. - 1.0000
*Today's Key Results/Board Meetings/Analyst*
*1-Jul-21*
DEEPAKFERT
General;Preferential Issue of shares
DEVHARI
General
ISHANC
Issue Of Warrants
RAJRAYON
Audited Results
SAGCEM
Stock Split
SEACOAST
A.G.M.;Dividend;General
UNIWORTH
Audited Results
VISIONCINE
Audited Results
*Stock under F&O ban on NSE*
*1-Jul-21*
1NATIONALUM
Nikkei -68 pts ,
Hangseng clsd ,
Now @6.54am .
Dow +210.22 pts ,Nsdq -24.38 pts, S&P
+5.70 pts, , Bovespa -525 pts , Ftse -50 pts , Dax -159 pts , Cac -59 pts , Crude @ $73.54 brl (+0.07), Brent @ $75.13 brl (+0.00) , Gold @ 1770.40 (-1.20), Silver @ $26.22 (+0.02), Euro @ $1.1856, JPY @ $111.10, INR @ 74.365
*Today's Corporate Action*
*1st Jul Ex Date*
ADANIENT
Dividend - Rs. - 1.0000
APCOTEXIND
Final Dividend - Rs. - 2.0000
DHUNTEAIND
Dividend - Rs. - 5.0000
FEDERALBNK
Final Dividend - Rs. - 0.7000
LTI
Final Dividend - Rs. - 25.0000
MARKSANS
E.G.M.
MINDACORP
Final Dividend - Rs. - 0.3500
MMFL
Interim Dividend - Rs. - 5.0000
PETRONET
Final Dividend - Rs. - 3.5000
PFC
Final Dividend - Rs. - 2.0000
PTL
Final Dividend - Rs. - 2.5000
SMRUTHIORG
Dividend - Rs. - 3.0000
SUBEX
Final Dividend - Rs. - 0.2500
SUNDARMFIN
Final Dividend - Rs. - 6.0000
SWARAJENG
Dividend - Rs. - 50.0000
SWARAJENG
Special Dividend - Rs. - 19.0000
TTKPRESTIG
Dividend - Rs. - 30.0000
UBL
Dividend - Rs. - 0.5000
VISHNU
Dividend - Rs. - 1.0000
*Today's Key Results/Board Meetings/Analyst*
*1-Jul-21*
DEEPAKFERT
General;Preferential Issue of shares
DEVHARI
General
ISHANC
Issue Of Warrants
RAJRAYON
Audited Results
SAGCEM
Stock Split
SEACOAST
A.G.M.;Dividend;General
UNIWORTH
Audited Results
VISIONCINE
Audited Results
*Stock under F&O ban on NSE*
*1-Jul-21*
1NATIONALUM
*Good Morning*
India Current Account Gap Widens More Than Estimated on Trade
India Jan.-March Current Account -$8.10B; Est. -$7.50B
India will See Close to double-digit GDP growth in FY22: Sanyal
Billionaire Adani Pledges to Turn His Business Carbon Negative
India Curbs Ministries’ Spending as Fiscal Concerns Mount
India April-May Fiscal Deficit Reaches 8.2% of FY22 Target
India May Key Industries’ Output Rises 16.8% Y/y
India’s Cabinet Approves $41B Plan to Reform Power Utilities
India to Sell 2.21T Rupess of Treasury Bills July-Sept.
India Monsoon Won’t Advance Until July 7; June Rain 10% Higher
Palm Oil Climbs to Two-Week High After Top Buyer Cuts Import Tax
Srei Group In Talks With at Least 7-Investors For Capital Infusion: BQ
Big Tech Is Gearing Up for a Massive Fight With Modi’s India
Govt wants the power to decide acceptable speech online
India Credit Card Loans Drop to 10-Month Low: RBI
BRICS Q3 CPI Forecast Rises in Past Week; India Up to 5.3%
India Removes Restrictions on Import of Refined Palm Oils: DGFT
Global Funds Sell Net INR16.5B of India Stocks on Wednesday: NSE
Domestic funds buy net 15.2b rupees of stocks
Foreign Investors Buy Net INR32.9B of Indian Equities on June 29
Foreigners Buy Net INR1.56B Indian Equity Derivatives Wednesday
Supreme Court Orders India to Compensate Families of Covid Dead
Economy recovering but may take longer to achieve $5T goal: Sanyal: PTI
Andhra Pradesh unveils new IT policy for 2021-24: PTI
Net claims of non-residents on India rise to $352.7B in March: PTI
10:30am: Markit India Manufacturing PMI for June, prior 50.8
Adani Green Energy (ADANIGR): CCI approves acquisition of SB Energy by Adani Green
Dish TV India (DITV): 4Q net loss 14b rupees vs. loss 14.51b Y/y; revenue -13% y/y to 7.52b
Indian Oil Corp. (IOCL): Approves setting up Styrene project with INR44.95b capex
SpiceJet (SJET): posts wider-than-expected fourth-quarter loss; to seek shareholder approval to raise 25 billion rupees in fresh capital
Tata Steel (TATA): Says targets 35M-40M tons a year India capacity by 2030
Union Bank of India (UNBK): Board approves raising up to 97b rupees; Up to INR35b in equity and up to INR62b via AT 1, Tier 2 bond
Vodafone Idea (IDEA): posts wider- than-expected fourth-quarter loss
India Current Account Gap Widens More Than Estimated on Trade
India Jan.-March Current Account -$8.10B; Est. -$7.50B
India will See Close to double-digit GDP growth in FY22: Sanyal
Billionaire Adani Pledges to Turn His Business Carbon Negative
India Curbs Ministries’ Spending as Fiscal Concerns Mount
India April-May Fiscal Deficit Reaches 8.2% of FY22 Target
India May Key Industries’ Output Rises 16.8% Y/y
India’s Cabinet Approves $41B Plan to Reform Power Utilities
India to Sell 2.21T Rupess of Treasury Bills July-Sept.
India Monsoon Won’t Advance Until July 7; June Rain 10% Higher
Palm Oil Climbs to Two-Week High After Top Buyer Cuts Import Tax
Srei Group In Talks With at Least 7-Investors For Capital Infusion: BQ
Big Tech Is Gearing Up for a Massive Fight With Modi’s India
Govt wants the power to decide acceptable speech online
India Credit Card Loans Drop to 10-Month Low: RBI
BRICS Q3 CPI Forecast Rises in Past Week; India Up to 5.3%
India Removes Restrictions on Import of Refined Palm Oils: DGFT
Global Funds Sell Net INR16.5B of India Stocks on Wednesday: NSE
Domestic funds buy net 15.2b rupees of stocks
Foreign Investors Buy Net INR32.9B of Indian Equities on June 29
Foreigners Buy Net INR1.56B Indian Equity Derivatives Wednesday
Supreme Court Orders India to Compensate Families of Covid Dead
Economy recovering but may take longer to achieve $5T goal: Sanyal: PTI
Andhra Pradesh unveils new IT policy for 2021-24: PTI
Net claims of non-residents on India rise to $352.7B in March: PTI
10:30am: Markit India Manufacturing PMI for June, prior 50.8
Adani Green Energy (ADANIGR): CCI approves acquisition of SB Energy by Adani Green
Dish TV India (DITV): 4Q net loss 14b rupees vs. loss 14.51b Y/y; revenue -13% y/y to 7.52b
Indian Oil Corp. (IOCL): Approves setting up Styrene project with INR44.95b capex
SpiceJet (SJET): posts wider-than-expected fourth-quarter loss; to seek shareholder approval to raise 25 billion rupees in fresh capital
Tata Steel (TATA): Says targets 35M-40M tons a year India capacity by 2030
Union Bank of India (UNBK): Board approves raising up to 97b rupees; Up to INR35b in equity and up to INR62b via AT 1, Tier 2 bond
Vodafone Idea (IDEA): posts wider- than-expected fourth-quarter loss
Jefferies on Tata Motors
Buy, TP Rs 455
A confluence of improved strategy & cyclical recovery should drive a big turnaround in performance
Find JLR's shift in focus from vols to profit & cash flows promising
A fresh EV roadmap is in place though execution remains a key risk
Improving India biz provides a higher floor to fair value
By FY24, see EBITDA rising 90% from FY21, EPS nearing its past peak & a near zero net auto debt
Buy, TP Rs 455
A confluence of improved strategy & cyclical recovery should drive a big turnaround in performance
Find JLR's shift in focus from vols to profit & cash flows promising
A fresh EV roadmap is in place though execution remains a key risk
Improving India biz provides a higher floor to fair value
By FY24, see EBITDA rising 90% from FY21, EPS nearing its past peak & a near zero net auto debt
*FIEM INDUSTRIES LTD.* | *CMP* Rs. 744 | *M Cap* Rs. 979 Cr | *52 W H/L* 763/350
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 421.2 Cr (17.5% QoQ, 30.7% YoY) vs QoQ Rs. 358.4 Cr, YoY Rs. 322.2 Cr
EBIDTA came at Rs. 54.7 Cr (30.7% QoQ, 41.7% YoY) vs QoQ Rs. 41.8 Cr, YoY Rs. 38.6 Cr
EBITDA Margin came at 13% vs QoQ 11.7%, YoY 12%
Adj. PAT came at Rs. 28 Cr vs QoQ Rs. 19.9 Cr, YoY Rs. 23.2 Cr
Quarter EPS is Rs. 21.3
Share is trading at P/E of 10.9x FY22E EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 421.2 Cr (17.5% QoQ, 30.7% YoY) vs QoQ Rs. 358.4 Cr, YoY Rs. 322.2 Cr
EBIDTA came at Rs. 54.7 Cr (30.7% QoQ, 41.7% YoY) vs QoQ Rs. 41.8 Cr, YoY Rs. 38.6 Cr
EBITDA Margin came at 13% vs QoQ 11.7%, YoY 12%
Adj. PAT came at Rs. 28 Cr vs QoQ Rs. 19.9 Cr, YoY Rs. 23.2 Cr
Quarter EPS is Rs. 21.3
Share is trading at P/E of 10.9x FY22E EPS
*Sequent Scientific Ltd.* | *CMP* Rs. 313 | *M Cap* Rs. 7774 Cr | *52 W H/L* 313/89
(Nirmal Bang Retail Research)
*Result inline with expection*
Revenue from Operations came at Rs. 361.8 Cr (1% QoQ, 20.4% YoY) vs expectation of Rs. 368 Cr, QoQ Rs. 358.2 Cr, YoY Rs. 300.6 Cr
EBIDTA came at Rs. 60.2 Cr (-9.2% QoQ, 34.5% YoY) vs expectation of Rs. 64.1 Cr, QoQ Rs. 66.3 Cr, YoY Rs. 44.7 Cr
EBITDA Margin came at 16.6% vs expectation of 17.4%, QoQ 18.5%, YoY 14.9% (EBITDA for Q4FY2 is adjusted to one off expenses of Rs.16.9cr)
Adj. PAT came at Rs. 20.4 Cr vs expectation of Rs. 34.8 Cr, QoQ Rs. 37.2 Cr, YoY Rs. 16.9 Cr
Quarter EPS is Rs. 0.8
Share is trading at P/E of 42.9x FY22E EPS
(Nirmal Bang Retail Research)
*Result inline with expection*
Revenue from Operations came at Rs. 361.8 Cr (1% QoQ, 20.4% YoY) vs expectation of Rs. 368 Cr, QoQ Rs. 358.2 Cr, YoY Rs. 300.6 Cr
EBIDTA came at Rs. 60.2 Cr (-9.2% QoQ, 34.5% YoY) vs expectation of Rs. 64.1 Cr, QoQ Rs. 66.3 Cr, YoY Rs. 44.7 Cr
EBITDA Margin came at 16.6% vs expectation of 17.4%, QoQ 18.5%, YoY 14.9% (EBITDA for Q4FY2 is adjusted to one off expenses of Rs.16.9cr)
Adj. PAT came at Rs. 20.4 Cr vs expectation of Rs. 34.8 Cr, QoQ Rs. 37.2 Cr, YoY Rs. 16.9 Cr
Quarter EPS is Rs. 0.8
Share is trading at P/E of 42.9x FY22E EPS
#Jet Airways debt resolution is out. Shareholders will get only 1 share of Jet for every 100 shares held in this restructuring process. In other words, 99% shares will be wiped out!
P.S.: Don't expect Jet to list at 10,000 rs./share post restructuring.
Jann hit main jaari...
P.S.: Don't expect Jet to list at 10,000 rs./share post restructuring.
Jann hit main jaari...
COAL PRICE INTERNATIONAL
ON 01/04/21 69.75 $
ON 06/30/21 119.50 $
Price change over selected period: 71 % +49.75 $
https://markets.businessinsider.com/commodities/coal-price
ON 01/04/21 69.75 $
ON 06/30/21 119.50 $
Price change over selected period: 71 % +49.75 $
https://markets.businessinsider.com/commodities/coal-price
markets.businessinsider.com
Coal PRICE Today | Coal Spot Price Chart | Live Price of Coal per Ounce | Markets Insider
Coal Price: Get all information on the Price of Coal including News, Charts and Realtime Quotes.
_*〽arket 〽⭕⭕D as on*_ 3️⃣0️⃣➖0️⃣6️⃣➖2⃣1️⃣ provisional @ 7:45 pm
*BSE* *Sensex* *_(P/E 31.97)_* *- 67 (52,483)* 🔽😕
*BSE* *midcap 150* *_(P/E 44.53)_* *+ 27 (7,849)*🔼🙂
*BSE small cap250* *_(P/E 37.86)_* *+ 23 (3,473)* 🔼🙂
*NSE* *Nifty 50* *_(P/E 28.33)_* *- 27 (15,721)* 🔽😕
*NSE* *Bank Nifty* *_(P/E 23.75)_* *- 238 (34,772)* 🔽🙁
_*Fii Cash - 1,647 Crs*_ ☹️
*_Dii Cash + 1,520 Crs_* 😊
*BrntCrude* _*75.27*_ *$/brl* & _*₹. 5,476*_ 🔼
*Gold Comex* _*1,761*_ *$/oz* *₹/10 gms* _*46,600*_ 🔼
*Silver Comexx* _*26.08*_ *$/oz* _*67,642* *₹/kg*_ ↗️
*_10 Yrs G'Sec. 5.85 GS-2030 (Rs. 98.57) YTM 6.0506 %_* 🔼☹️
*Call:* - _*3.16 % (3.14 %)*_ 🔼
*TREP* : - _*3.22 % (3.22 %)*_ ↔️
_*REPO 3.21 % (3.25 %)*_ 🔽
*ForeX*
*$/₹* *_74.32_* 🔽🙁
*€/₹* *_88.21_* 🔼🙂
*£/₹* *_102.79_* 🔽😕
Data Compiled by: - _*Hitesh R. Pujara*_
_*Baroda Mutual Fund*_
(Not Responsible for Any Error)
*Baltic Exchange Dry Index + 94 (3,418)* ↗️
*_DJIA Future_* _*+ 135 (34,365)*_ 🔼🙂
*NASDAQ Future* _*- 24 (14,539)*_🔽😕
_*BTC / US$*_ Future *- 1,552 (34,762)* ↘️☹️
*BSE* *Sensex* *_(P/E 31.97)_* *- 67 (52,483)* 🔽😕
*BSE* *midcap 150* *_(P/E 44.53)_* *+ 27 (7,849)*🔼🙂
*BSE small cap250* *_(P/E 37.86)_* *+ 23 (3,473)* 🔼🙂
*NSE* *Nifty 50* *_(P/E 28.33)_* *- 27 (15,721)* 🔽😕
*NSE* *Bank Nifty* *_(P/E 23.75)_* *- 238 (34,772)* 🔽🙁
_*Fii Cash - 1,647 Crs*_ ☹️
*_Dii Cash + 1,520 Crs_* 😊
*BrntCrude* _*75.27*_ *$/brl* & _*₹. 5,476*_ 🔼
*Gold Comex* _*1,761*_ *$/oz* *₹/10 gms* _*46,600*_ 🔼
*Silver Comexx* _*26.08*_ *$/oz* _*67,642* *₹/kg*_ ↗️
*_10 Yrs G'Sec. 5.85 GS-2030 (Rs. 98.57) YTM 6.0506 %_* 🔼☹️
*Call:* - _*3.16 % (3.14 %)*_ 🔼
*TREP* : - _*3.22 % (3.22 %)*_ ↔️
_*REPO 3.21 % (3.25 %)*_ 🔽
*ForeX*
*$/₹* *_74.32_* 🔽🙁
*€/₹* *_88.21_* 🔼🙂
*£/₹* *_102.79_* 🔽😕
Data Compiled by: - _*Hitesh R. Pujara*_
_*Baroda Mutual Fund*_
(Not Responsible for Any Error)
*Baltic Exchange Dry Index + 94 (3,418)* ↗️
*_DJIA Future_* _*+ 135 (34,365)*_ 🔼🙂
*NASDAQ Future* _*- 24 (14,539)*_🔽😕
_*BTC / US$*_ Future *- 1,552 (34,762)* ↘️☹️
Spicejet Board has approved enabling resolution to raise Rs.2500cr through QIP
*Simplex Infrastructures Ltd.* | *CMP* Rs. 51 | *M Cap* Rs. 290 Cr | *52 W H/L* 56/27
(Nirmal Bang Retail Research)
*Result continue to remain weak*
Revenue from Operations came at Rs. 691.3 Cr (3.1% QoQ, 9.9% YoY) vs QoQ Rs. 670.3 Cr, YoY Rs. 629.3 Cr
EBIDTA came at Rs. 35.2 Cr (47.8% QoQ, -111.3% YoY) vs QoQ Rs. 23.8 Cr, YoY Rs. -312.3 Cr
EBITDA Margin came at 5.1% vs QoQ 3.5%, YoY -49.6%
Adj. PAT came at Rs. -116.5 Cr vs QoQ Rs. -101.9 Cr, YoY Rs. -314.4 Cr
Quarter EPS is Rs. -20.4
Share is trading at P/E of -0.6x TTM EPS
(Nirmal Bang Retail Research)
*Result continue to remain weak*
Revenue from Operations came at Rs. 691.3 Cr (3.1% QoQ, 9.9% YoY) vs QoQ Rs. 670.3 Cr, YoY Rs. 629.3 Cr
EBIDTA came at Rs. 35.2 Cr (47.8% QoQ, -111.3% YoY) vs QoQ Rs. 23.8 Cr, YoY Rs. -312.3 Cr
EBITDA Margin came at 5.1% vs QoQ 3.5%, YoY -49.6%
Adj. PAT came at Rs. -116.5 Cr vs QoQ Rs. -101.9 Cr, YoY Rs. -314.4 Cr
Quarter EPS is Rs. -20.4
Share is trading at P/E of -0.6x TTM EPS
*Timex Group India Ltd.* | *CMP* Rs. 37 | *M Cap* Rs. 378 Cr | *52 W H/L* 43/17
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 50.9 Cr (-4.6% QoQ, -1.1% YoY) vs QoQ Rs. 53.4 Cr, YoY Rs. 51.5 Cr
EBIDTA came at Rs. 4.9 Cr (-6.6% QoQ, -211.2% YoY) vs QoQ Rs. 5.2 Cr, YoY Rs. -4.4 Cr
EBITDA Margin came at 9.5% vs QoQ 9.7%, YoY -8.5%
Adj. PAT came at Rs. 4 Cr vs QoQ Rs. 4 Cr, YoY Rs. -5.6 Cr
Quarter EPS is Rs. 0.4
Share is trading at P/E of -46.6x TTM EPS
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 50.9 Cr (-4.6% QoQ, -1.1% YoY) vs QoQ Rs. 53.4 Cr, YoY Rs. 51.5 Cr
EBIDTA came at Rs. 4.9 Cr (-6.6% QoQ, -211.2% YoY) vs QoQ Rs. 5.2 Cr, YoY Rs. -4.4 Cr
EBITDA Margin came at 9.5% vs QoQ 9.7%, YoY -8.5%
Adj. PAT came at Rs. 4 Cr vs QoQ Rs. 4 Cr, YoY Rs. -5.6 Cr
Quarter EPS is Rs. 0.4
Share is trading at P/E of -46.6x TTM EPS
*Himadri Speciality Chemical Ltd.* | *CMP* Rs. 57 | *M Cap* Rs. 2388 Cr | *52 W H/L* 64/38
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 565.5 Cr (21.1% QoQ, 55.2% YoY) vs QoQ Rs. 466.8 Cr, YoY Rs. 364.4 Cr
EBIDTA came at Rs. 40.4 Cr (-0.9% QoQ, 32.1% YoY) vs QoQ Rs. 40.8 Cr, YoY Rs. 30.6 Cr
EBITDA Margin came at 7.1% vs QoQ 8.7%, YoY 8.4%
Adj. PAT came at Rs. 22.8 Cr vs QoQ Rs. 16.5 Cr, YoY Rs. 70.8 Cr
Quarter EPS is Rs. 0.5
Share is trading at P/E of 50.3x TTM EPS
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 565.5 Cr (21.1% QoQ, 55.2% YoY) vs QoQ Rs. 466.8 Cr, YoY Rs. 364.4 Cr
EBIDTA came at Rs. 40.4 Cr (-0.9% QoQ, 32.1% YoY) vs QoQ Rs. 40.8 Cr, YoY Rs. 30.6 Cr
EBITDA Margin came at 7.1% vs QoQ 8.7%, YoY 8.4%
Adj. PAT came at Rs. 22.8 Cr vs QoQ Rs. 16.5 Cr, YoY Rs. 70.8 Cr
Quarter EPS is Rs. 0.5
Share is trading at P/E of 50.3x TTM EPS
*Vadilal Industries Ltd.* | *CMP* Rs. 973 | *M Cap* Rs. 699 Cr | *52 W H/L* 1125/500
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 168.5 Cr (71% QoQ, 72.4% YoY) vs QoQ Rs. 98.6 Cr, YoY Rs. 97.7 Cr
EBIDTA came at Rs. 27.9 Cr (430.3% QoQ, -398.2% YoY) vs QoQ Rs. 5.3 Cr, YoY Rs. -9.4 Cr
EBITDA Margin came at 16.6% vs QoQ 5.3%, YoY -9.6%
Adj. PAT came at Rs. 16.5 Cr vs QoQ Rs. -1.2 Cr, YoY Rs. -14 Cr
Quarter EPS is Rs. 23
Share is trading at P/E of 151.1x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 168.5 Cr (71% QoQ, 72.4% YoY) vs QoQ Rs. 98.6 Cr, YoY Rs. 97.7 Cr
EBIDTA came at Rs. 27.9 Cr (430.3% QoQ, -398.2% YoY) vs QoQ Rs. 5.3 Cr, YoY Rs. -9.4 Cr
EBITDA Margin came at 16.6% vs QoQ 5.3%, YoY -9.6%
Adj. PAT came at Rs. 16.5 Cr vs QoQ Rs. -1.2 Cr, YoY Rs. -14 Cr
Quarter EPS is Rs. 23
Share is trading at P/E of 151.1x TTM EPS
Q1 Result dates:
TCS- 8 july
Infy- 14 july
LTTS-14 july
LTI- 15 july
HdfcAMC- 16 July
Hdfcbank- 17july
Hdfclife- 19 July
Bajfinance- 20July
Bajajfinsv- 21 July
Glandpharma- 21July
Bajajauto- 22 July
Mphasis- 22July
JSWSTEEL- 23July
Icicibank- 24 July
Axisbank- 26 July
Navinfluor- 26July
RBL - 26July
Drreddy - 27 July
TCS- 8 july
Infy- 14 july
LTTS-14 july
LTI- 15 july
HdfcAMC- 16 July
Hdfcbank- 17july
Hdfclife- 19 July
Bajfinance- 20July
Bajajfinsv- 21 July
Glandpharma- 21July
Bajajauto- 22 July
Mphasis- 22July
JSWSTEEL- 23July
Icicibank- 24 July
Axisbank- 26 July
Navinfluor- 26July
RBL - 26July
Drreddy - 27 July
MOIL has revised prices for Q2 FY'22. Prices for ferro grade and silico manganese grade ore have been increased by 7.5%. The increase can be attributed to rising manganese ore import prices on higher silico manganese prices in the global market.
*Dish TV India Ltd.* | *CMP* Rs. 14 | *M Cap* Rs. 2550 Cr | *52 W H/L* 18/7
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 751.8 Cr (-7.8% QoQ, -13.5% YoY) vs QoQ Rs. 815.7 Cr, YoY Rs. 869.1 Cr
EBIDTA came at Rs. 426 Cr (-15.5% QoQ, -21.6% YoY) vs QoQ Rs. 503.9 Cr, YoY Rs. 543.2 Cr
EBITDA Margin came at 56.7% vs QoQ 61.8%, YoY 62.5%
Adj. PAT came at Rs. -628.8 Cr vs QoQ Rs. 90.7 Cr, YoY Rs. 464.6 Cr
Quarter EPS is Rs. -3.4
Share is trading at P/E of -6.4x TTM EPS
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 751.8 Cr (-7.8% QoQ, -13.5% YoY) vs QoQ Rs. 815.7 Cr, YoY Rs. 869.1 Cr
EBIDTA came at Rs. 426 Cr (-15.5% QoQ, -21.6% YoY) vs QoQ Rs. 503.9 Cr, YoY Rs. 543.2 Cr
EBITDA Margin came at 56.7% vs QoQ 61.8%, YoY 62.5%
Adj. PAT came at Rs. -628.8 Cr vs QoQ Rs. 90.7 Cr, YoY Rs. 464.6 Cr
Quarter EPS is Rs. -3.4
Share is trading at P/E of -6.4x TTM EPS
*Vodafone Idea Ltd.* | *CMP* Rs. 10 | *M Cap* Rs. 28362 Cr | *52 W H/L* 14/7
(Nirmal Bang Retail Research)
ARPU came at Rs 107vs expectation of Rs 111 , QoQ Rs 121 , YoY Rs 121
*Result is below expectations*
Revenue from Operations came at Rs. 9607.8 Cr (-11.8% QoQ, -18.3% YoY) vs expectation of Rs. 10040.5 Cr, QoQ Rs. 10894.1 Cr, YoY Rs. 11754.2 Cr
EBIDTA came at Rs. 4408.7 Cr (2.9% QoQ, 0.7% YoY) vs expectation of Rs. 4302.6 Cr, QoQ Rs. 4286.2 Cr, YoY Rs. 4380.1 Cr (Q4FY21 has a one off gain of Rs.450cr in Network and IT cost)
EBITDA Margin came at 45.9% vs expectation of 42.9%, QoQ 39.3%, YoY 37.3%
Adj. PAT came at Rs. -6048.5 Cr vs expectation of Rs. -6241.1 Cr, QoQ Rs. -6228.6 Cr, YoY Rs. -5502.6 Cr
Quarter EPS is Rs. -2.1
Share is trading at P/E of -1.6x FY22E EPS
Company has a net debt of Rs.180000cr
For Fund raising company said it is currently in active discussion with potential investors.
(Nirmal Bang Retail Research)
ARPU came at Rs 107vs expectation of Rs 111 , QoQ Rs 121 , YoY Rs 121
*Result is below expectations*
Revenue from Operations came at Rs. 9607.8 Cr (-11.8% QoQ, -18.3% YoY) vs expectation of Rs. 10040.5 Cr, QoQ Rs. 10894.1 Cr, YoY Rs. 11754.2 Cr
EBIDTA came at Rs. 4408.7 Cr (2.9% QoQ, 0.7% YoY) vs expectation of Rs. 4302.6 Cr, QoQ Rs. 4286.2 Cr, YoY Rs. 4380.1 Cr (Q4FY21 has a one off gain of Rs.450cr in Network and IT cost)
EBITDA Margin came at 45.9% vs expectation of 42.9%, QoQ 39.3%, YoY 37.3%
Adj. PAT came at Rs. -6048.5 Cr vs expectation of Rs. -6241.1 Cr, QoQ Rs. -6228.6 Cr, YoY Rs. -5502.6 Cr
Quarter EPS is Rs. -2.1
Share is trading at P/E of -1.6x FY22E EPS
Company has a net debt of Rs.180000cr
For Fund raising company said it is currently in active discussion with potential investors.
*Spicejet Ltd.* | *CMP* Rs. 81 | *M Cap* Rs. 4871 Cr | *52 W H/L* 108/45
(Nirmal Bang Retail Research)
*Result is below expectation*
Net sales came at Rs. 1888.1 Cr (11.6% QoQ, -34.1% YoY) vs expectation of Rs. 1900.6 Cr, QoQ Rs. 1691.6 Cr, YoY Rs. 2867 Cr
EBITDAR with forex came at Rs. 54.4 Cr (-82.9% QoQ, -120.2% YoY) vs QoQ Rs. 317.3 Cr, YoY Rs. -269.9 Cr
EBITDAR Margin came at 2.9% vs QoQ18.8%, YoY -9.4%
Adj. PAT came at Rs. -256.7 Cr vs expectation of Rs. -33.3 Cr, QoQ Rs. -66.9 Cr, YoY Rs. -816.2 Cr
Quarter EPS is Rs. -4.3
Share is trading at P/E of -46.8x EPS
(Nirmal Bang Retail Research)
*Result is below expectation*
Net sales came at Rs. 1888.1 Cr (11.6% QoQ, -34.1% YoY) vs expectation of Rs. 1900.6 Cr, QoQ Rs. 1691.6 Cr, YoY Rs. 2867 Cr
EBITDAR with forex came at Rs. 54.4 Cr (-82.9% QoQ, -120.2% YoY) vs QoQ Rs. 317.3 Cr, YoY Rs. -269.9 Cr
EBITDAR Margin came at 2.9% vs QoQ18.8%, YoY -9.4%
Adj. PAT came at Rs. -256.7 Cr vs expectation of Rs. -33.3 Cr, QoQ Rs. -66.9 Cr, YoY Rs. -816.2 Cr
Quarter EPS is Rs. -4.3
Share is trading at P/E of -46.8x EPS