Short Term Bumper Stock
Buy Gillanders at CMP of 59 - 60 and dips till 56
Sl 55
Targets:- 62 - 63 - 64 - 65 - 66+
Above that we can see 70 - 75
Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing.
Bse - 532716
Nse - 17839
Buy Gillanders at CMP of 59 - 60 and dips till 56
Sl 55
Targets:- 62 - 63 - 64 - 65 - 66+
Above that we can see 70 - 75
Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing.
Bse - 532716
Nse - 17839
Market Wizard
ADDED MORE GODAVARI DRUGS AT 64 - 64.8
GODAVARI DRUGS 74.8❤️❤️
UC LOCKED🔐🔐
UC LOCKED🔐🔐
Market Wizard
Short Term Bumper Stock Buy Gillanders at CMP of 59 - 60 and dips till 56 Sl 55 Targets:- 62 - 63 - 64 - 65 - 66+ Above that we can see 70 - 75 Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing. Bse - 532716…
GILLANDERS DONT MISS GUYS. IT WILL ROCKET NEXT WEEK
Market Wizard Private
Added more Arihant Capital at 81.3 - 82.2
ARIHANT 145❤️❤️
July is the month where MARKET WIZARD PRIVATE group was formed last year. So this is our Anniversary Month. People availing Monthly will get special offers. We will provide Group Discounts too this time. From next month we will be revising Charges for Private Groups. New Rates for September will be shared soon.
*Zomato: Analyst meet Highlights*
Zomato is seeking a valuation of up to ~INR600bn (~USD8bn) for IPO, implies 30x FY21 Sales. This compares to the latest funding round completed in Feb-21, when Zomato raised funding at a post money valuation of USD5.4bn. It targets to raise INR93.75bn via IPO, including fresh issue of INR90bn (USD1.2bn). The offer also comprises of OFS worth INR3.75bn by existing investor (InfoEdge). As per the discussion during the call, valuations for the IPO are arrived based on discussion with various investors across geographies on sector/peer valuation.
On Analyst meet: Company highlighted of
1) *Under penetration* in Food ordering Industry which offers large scope of growth and penetration.
2) Zomato is all in *One food services platform* and is consolidated format of businesses of – global leaders like Yelp, Doordash, OpenTable.
3) *Improvement in Unit Economics*: Growing scale and order on the platform drive lower transaction cost (and improve Unit economics). Management feels business can be contribution positive over long term. Over time, benefit of scale will start showing in Food delivery business as fixed cost would remain stable.
4) *Usage of Cash on Balance Sheet*. Company would have INR150bn Cash on Balance Sheet post IPO. Company would deploy capital towards organic and Inorganic growth opportunities
5) *Competition*: Not fearful of competition including Amazon. Other platforms like Thrive is related to Order Direct and Company doesn’t see it as big threat and it isn’t a substitute to the Zomato platform.
6) *New businesses / Adjacencies*: Company targets to leverage current capabilities into expanding other related business. Core remains food, while Company would keep doing pilot in new segments like grocery (Recent Investment in Grofers), fitness (recent acquisition of Fitso), nutraceutical.
7) *High Average Order Value*: No view on forecast on Higher AOV which was witnessed in FY21. Lot of pull factors in determining the higher order value.
8) *Take Rates for Company*: Management feels take rates of Company are not high. Take rates are function of service offered which range from providing delivery service, customer support, tech support, scale of operations.
https://www.facebook.com/UnlistedExchange
Zomato is seeking a valuation of up to ~INR600bn (~USD8bn) for IPO, implies 30x FY21 Sales. This compares to the latest funding round completed in Feb-21, when Zomato raised funding at a post money valuation of USD5.4bn. It targets to raise INR93.75bn via IPO, including fresh issue of INR90bn (USD1.2bn). The offer also comprises of OFS worth INR3.75bn by existing investor (InfoEdge). As per the discussion during the call, valuations for the IPO are arrived based on discussion with various investors across geographies on sector/peer valuation.
On Analyst meet: Company highlighted of
1) *Under penetration* in Food ordering Industry which offers large scope of growth and penetration.
2) Zomato is all in *One food services platform* and is consolidated format of businesses of – global leaders like Yelp, Doordash, OpenTable.
3) *Improvement in Unit Economics*: Growing scale and order on the platform drive lower transaction cost (and improve Unit economics). Management feels business can be contribution positive over long term. Over time, benefit of scale will start showing in Food delivery business as fixed cost would remain stable.
4) *Usage of Cash on Balance Sheet*. Company would have INR150bn Cash on Balance Sheet post IPO. Company would deploy capital towards organic and Inorganic growth opportunities
5) *Competition*: Not fearful of competition including Amazon. Other platforms like Thrive is related to Order Direct and Company doesn’t see it as big threat and it isn’t a substitute to the Zomato platform.
6) *New businesses / Adjacencies*: Company targets to leverage current capabilities into expanding other related business. Core remains food, while Company would keep doing pilot in new segments like grocery (Recent Investment in Grofers), fitness (recent acquisition of Fitso), nutraceutical.
7) *High Average Order Value*: No view on forecast on Higher AOV which was witnessed in FY21. Lot of pull factors in determining the higher order value.
8) *Take Rates for Company*: Management feels take rates of Company are not high. Take rates are function of service offered which range from providing delivery service, customer support, tech support, scale of operations.
https://www.facebook.com/UnlistedExchange
*JSW Steel*: Steel Production volume up 65% in Q1FY22 to 5.07 MnT YoY vs 4.39 MnT and up 16% QoQ vs 4.39 Mnt.
Capacity utilisation at standalone level was at 91% in Q1FY22 vs 93% QoQ
QoQ higher production is on account of addition of Bhushan Power and Steel production from Q1.
Capacity utilisation at standalone level was at 91% in Q1FY22 vs 93% QoQ
QoQ higher production is on account of addition of Bhushan Power and Steel production from Q1.
ASHOKA BUILDCON: CO RECEIVED LOA FOR IRCON INTERNATIONAL LIMITED PROJECT || CONTRACT VALUE AT 4.82B RUPEES
TATA POWER: CO BAGS EMPANELMENT FOR 84MW ROOFTOP SOLAR PROJECT WORTH 4B RUPEES FROM KERALA STATE ELECTRICITY BOARD LIMITED
TATA POWER: CO BAGS EMPANELMENT FOR 84MW ROOFTOP SOLAR PROJECT WORTH 4B RUPEES FROM KERALA STATE ELECTRICITY BOARD LIMITED
ALEMBIC PHARMA: CO GETS APPROVAL FOR ERLOTINIB TABLETS, HAVE AN ESTIMATED MARKET SIZE OF US$ 37M
MAX FINANCIAL SERVICES: GOVERNMENT OF SINGAPORE BOUGHT 1.74% STAKE IN CO DURING Q.
BHEL WINS ORDER WORTH 1400 CR: AWAAZ SOURCES TV.
BHEL WINS ORDER WORTH 1400 CR: AWAAZ SOURCES TV.
*JSW ISPAT SPECIAL STEEL- HUGE SCOPE TO INCREASE UTILIZATION - STRONG RERATING (50% UPSIDE)POTENTIAL FROM CURRENT LEVELS- TRADES AT 40% DISCOUNT TO JSW STEEL FY23E EV/EBITDA VALUATIONS*
(CMP INR 40/Share, TGT INR 60/Share, Mcap INR 4,000 crore, Net Debt INR 2,500 crore)
KEY TRIGGERS
1.) *Solid Management (Led by JSW Steel) Track Record*- A consortium of AION Investments Private II Ltd., (AION) and JSW Steel acquired a majority stake in MIEL (Currently known as JSW ISPAT SPECIAL STEEL), and along with lenders, provided the funds for capital expenditure and working capital
2.) *Good Potential Capacity- Replacement Cost of INR 12,000-15,000 crore*- JISPL owns a 1 million ton steel plant with potential to increase it to 1.5 million ton. Also it has 0.8 million ton of Sponge Iron, 2.2 million ton of pellet, 0.96 million ton sinter plant and a 230 MW captive power plant.
3.) *Currently in Ramp up stage*- JISPL is operating its pellet plant at 80-85% utilization in FY21 and its steel plant at 40% utilization. With better demand and improving RM availability utilization is expected to increase significantly. JSW guides for 0.6 MT production of steel in FY22E and possibly 1 MT in FY23E.
4.) *JSW Groups Iron ore mines to help increase utilization*- JSWSL was declared as the “Preferred Bidder” for four operational mines recently auctioned in Odisha in Jan-Feb 2020. The estimated iron ore reserves of the above mines are around 1,131 million tonnes. Post-execution of the Mine Development and Production Agreement and all statutory clearances, JSWSL is expected to start the mining operations by 3QFY22. The proximity of these mines to JSW Ispat steel plant in Chhattisgarh is expected to increase the raw material availability for JSW Ispat. Post ramp up of iron ore mines JSW Ispat utilization is expected to hit 90-100%
5.) *Marketing synergies with JSW Steel Limited* - JSW Steel extend to using its Neosteel brand. Additionally JSWSL’s manufacturing facilities are located in the Southern and Western parts of the country. JSW ISpat strategic presence in the Eastern part of the country will enable the JSW Steel Group to tap the markets in Central, Northern and Eastern parts of India.
6.) *Earnings tailwinds from better pellet spreads*- JSW Ispat reported INR 200 crore EBITDA in 4QFY21, strong earnings will continue as pellet demand remains extremely strong and as spreads are also much higher.
7.) *FY23E to see full utilization & peak earnings*- With full utilization of capacities JSW Ispat can report INR 1,200 crore EBITDA in FY23E i.e INR 1,000 crore from its 1 MT Steel Capacity at (Steel margin assumption - INR 10,000 EBITDA/Ton) and INR 200 crore EBITDA from its 1 MT Pellet which will be sold externally (Pellet Margin Assumption- INR 2,000/Ton)
8.) *Quotes at a significant (40-45%) discount to JSW Steel* JSW Ispat is expected to do INR 1,200 crore EBITDA & INR 600 crore PAT in FY23E i.e. it quotes at 5x FY23E EV/EBITDA & 8x FY23E P/E, JSW Steel is currently quoting at 8x FY23E EV/EBITDA which is almost a 40% premium.
9.) *Potential Merger with JSW Steel*- JSW group is the most efficient converter of steel globally, and may eventually merge JSW Ispat with itself.
10.) *Good Interest in Recent OFS*- AOIN Group recently came up with an OFS to sell INR 10 crore shares at a floor price of INR 27/Share, which got executed at INR 35/Share.
11.) *Tax Exemption to help save Cash flows*- Given that JSW Ispat is an NCLT case, it won’t have to pay tax for few years which will result in INR 150-200 crore savings which could be utilized to expand capacity
(CMP INR 40/Share, TGT INR 60/Share, Mcap INR 4,000 crore, Net Debt INR 2,500 crore)
KEY TRIGGERS
1.) *Solid Management (Led by JSW Steel) Track Record*- A consortium of AION Investments Private II Ltd., (AION) and JSW Steel acquired a majority stake in MIEL (Currently known as JSW ISPAT SPECIAL STEEL), and along with lenders, provided the funds for capital expenditure and working capital
2.) *Good Potential Capacity- Replacement Cost of INR 12,000-15,000 crore*- JISPL owns a 1 million ton steel plant with potential to increase it to 1.5 million ton. Also it has 0.8 million ton of Sponge Iron, 2.2 million ton of pellet, 0.96 million ton sinter plant and a 230 MW captive power plant.
3.) *Currently in Ramp up stage*- JISPL is operating its pellet plant at 80-85% utilization in FY21 and its steel plant at 40% utilization. With better demand and improving RM availability utilization is expected to increase significantly. JSW guides for 0.6 MT production of steel in FY22E and possibly 1 MT in FY23E.
4.) *JSW Groups Iron ore mines to help increase utilization*- JSWSL was declared as the “Preferred Bidder” for four operational mines recently auctioned in Odisha in Jan-Feb 2020. The estimated iron ore reserves of the above mines are around 1,131 million tonnes. Post-execution of the Mine Development and Production Agreement and all statutory clearances, JSWSL is expected to start the mining operations by 3QFY22. The proximity of these mines to JSW Ispat steel plant in Chhattisgarh is expected to increase the raw material availability for JSW Ispat. Post ramp up of iron ore mines JSW Ispat utilization is expected to hit 90-100%
5.) *Marketing synergies with JSW Steel Limited* - JSW Steel extend to using its Neosteel brand. Additionally JSWSL’s manufacturing facilities are located in the Southern and Western parts of the country. JSW ISpat strategic presence in the Eastern part of the country will enable the JSW Steel Group to tap the markets in Central, Northern and Eastern parts of India.
6.) *Earnings tailwinds from better pellet spreads*- JSW Ispat reported INR 200 crore EBITDA in 4QFY21, strong earnings will continue as pellet demand remains extremely strong and as spreads are also much higher.
7.) *FY23E to see full utilization & peak earnings*- With full utilization of capacities JSW Ispat can report INR 1,200 crore EBITDA in FY23E i.e INR 1,000 crore from its 1 MT Steel Capacity at (Steel margin assumption - INR 10,000 EBITDA/Ton) and INR 200 crore EBITDA from its 1 MT Pellet which will be sold externally (Pellet Margin Assumption- INR 2,000/Ton)
8.) *Quotes at a significant (40-45%) discount to JSW Steel* JSW Ispat is expected to do INR 1,200 crore EBITDA & INR 600 crore PAT in FY23E i.e. it quotes at 5x FY23E EV/EBITDA & 8x FY23E P/E, JSW Steel is currently quoting at 8x FY23E EV/EBITDA which is almost a 40% premium.
9.) *Potential Merger with JSW Steel*- JSW group is the most efficient converter of steel globally, and may eventually merge JSW Ispat with itself.
10.) *Good Interest in Recent OFS*- AOIN Group recently came up with an OFS to sell INR 10 crore shares at a floor price of INR 27/Share, which got executed at INR 35/Share.
11.) *Tax Exemption to help save Cash flows*- Given that JSW Ispat is an NCLT case, it won’t have to pay tax for few years which will result in INR 150-200 crore savings which could be utilized to expand capacity
Oversubscription figures:
GR Infraprojects 102x
Clean Science 93x
The total funds locked in these 2 IPOs together is 2.42 lakh crores💰 (or) equivalent to India’s annual budget for healthcare 🙈⚡⚡
#cleanscience #GRINFRAPROJECTS
GR Infraprojects 102x
Clean Science 93x
The total funds locked in these 2 IPOs together is 2.42 lakh crores💰 (or) equivalent to India’s annual budget for healthcare 🙈⚡⚡
#cleanscience #GRINFRAPROJECTS
Clean Science & Technology
Applications – 26,94,299 applications
Allotment ratio - 3:20
GR Infraprojects
Applications – 23,80,229
Allotment Ratio – 2:19
Applications – 26,94,299 applications
Allotment ratio - 3:20
GR Infraprojects
Applications – 23,80,229
Allotment Ratio – 2:19