World Markets

Dow + 54
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Dollar Index 92.57

*Tata Steel Long Products Ltd.* | *CMP* Rs. 1119 | *M Cap* Rs. 5047 Cr | *52 W H/L* 1119/245
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 1687.6 Cr (9.1% QoQ, 158.4% YoY) vs QoQ Rs. 1546.7 Cr, YoY Rs. 653.1 Cr
EBIDTA came at Rs. 520.2 Cr (4.5% QoQ, 6929.7% YoY) vs QoQ Rs. 497.8 Cr, YoY Rs. 7.4 Cr
EBITDA Margin came at 30.8% vs QoQ 32.2%, YoY 1.1%
Adj. PAT came at Rs. 331.6 Cr vs QoQ Rs. 339.9 Cr, YoY Rs. -131.3 Cr
Quarter EPS is Rs. 73.5
Share is trading at P/E of 4.9x TTM EPS

*Business News Headlines* 🇮🇳

*Economic Times*

Ø Gati transfers 69.79% equity holding in Gati Kausar India to Mandala Capital AG
Ø RPower allots 59.5 crore shares, 73 crore warrants to RInfra
Ø CCI approves Synergy Metals' stake-buy in JSW Cement under green channel route
Ø Adani Transmission gets shareholders' approval to raise up to Rs 2,500 cr
Ø Rossari Biotech in advanced talks to acquire a specialty chemicals business
Ø Wipro on fast track with strong organic growth momentum
Ø Jhunjhunwalas cut stake in Titan to lowest level since 2003
Ø Infosys sets stage for an upbeat FY22, and may continue to outperform TCS
Ø NSE-BSE bulk deals: Porinju Veliyath’s Equity Intelligence sells stake in Max India
Ø Baring set to buy controlling stake in Hinduja Global Unit
Ø India still offers some very attractive investment opportunities: Luke Browne

*Business Standard*

Ø DIPAM invites bids from bankers, advisors for LIC's initial public offering
Ø RIL says can't comment on speculation about Just Dial acquisition
Ø Sebi exempts family trust linked to Capri Global from open offer obligation
Ø Amid IPO frenzy, Reliance plans public listing of retail, O2C businesses
Ø NTPC achieves faster cumulative generation in FY22 so far than last year
Ø Cadila arm completes sale of animal health business for Rs 2,921 crore
Ø India's economy may have grown 22.1% in Q1, but demand is still low: RBI
Ø Govt invites bids from merchant bankers, legal advisors for LIC IPO
Ø Mastercard ban to hit Citi and RBL's customer acquisition the most
Ø Zomato IPO brought new investors, shift in behaviour: Paytm Money CEO

*Financial Express*

Ø Chemspec Chemicals files Rs 700-cr IPO papers with Sebi
Ø Sebi moves SC against SAT order on Franklin Templeton
Ø Investors’ wealth jumps over Rs 2.22 lakh cr in three days of market rally
Ø IRFC to raise up to Rs 3,000 crore via 10-year NCDs
Ø Govt invites bids from merchant bankers, legal advisors for LIC IPO
Ø S&P retains India’s rating, says recovery to gain pace in H2
Ø 42% NBFCs expect over 15 pc growth in AUM in FY2022: Icra survey
Ø Exports up 48.34% to $32.5 billion; trade deficit at $9.37 billion in June
Ø No antidumping duty on flat rolled steel products from 15 countries
Ø India’s power consumption returns to pre-COVID level in first fortnight of July; up 17% to 59.36 BU

*Mint*

Ø As Reliance Industries expands, so do its subsidiaries
Ø L&T Tech becomes the latest beneficiary of froth in markets
Ø US factory production declines unexpectedly on auto output: Fed data
Ø Zomato IPO subscribed 5.07 times on second day led by institutional investors
Ø AGR dues: Supreme Court to hear case on 19 July
Ø ITC's FMCG sales via e-commerce doubled in FY21
Ø Electricity demand growing faster than roll-out of renewable energies, says IEA
Ø Second purchase of G-secs worth ₹20,000 cr under G-SAP 2.0 on July 22: RBI
Ø Venus Remedies enters consumer healthcare business
Ø RBI projects GDP growth at 10.5% for FY22.
Ø RBI’s ban on Mastercard will hurt banks in near term

🌄 S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴ : 16 Jul/आषाढ मास(Friday) ग्रीष्म ऋतू {शुक्ल पक्ष}

Today's top News


1. PM Modi will inaugurate & dedicate to the nation several key projects of the Railways in Gujarat today (16 Jul) via video conferencing. He will also inaugurate the Aquatics and Robotics Gallery, and Nature Park in Gujarat Science City during the event.

2. The Railway projects include the newly redeveloped Gandhinagar Capital Railway station, gauge converted cum electrified Mahesana – Varetha line, and the newly electrified Surendranagar – Pipavav section.

3. Civil Aviation Ministry releases d-Drone Rules, 2021 for public consultation. The Drone Rules, 2021 will replace the UAS Rules 2021 (released on 12 Mar 2021). The last date for receipt of public comments is 05 Aug 2021. Import of drones and drone components will be regulated by Directorate General of Foreign Trade. All drone training and testing to be carried out by an authorised drone school.

4. PM Modi inaugurates and layed foundation stones of various development projects in Varanasi worth around 839 crore rupees.. He addressed the gathering at BHU in his Parliamentary Constituency Varanasi.

5. Union Education Minister Dhramendra Pradhan on 15 Jul (Thursday) announced that JEE Main dates for Phase IV 2021 have been postponed. Now it will be held on 26th-27th & 31 Aug 2021. It will also be continued on 1st & 2nd September 2021.

6. India is likely to be hit by the 3rd wave of coronavirus at the end of August 2021.

7. Maharashtra SSC Result 2021 to be announced on July 16 at mahresult.nic.in, sscresult.mkcl.org & maharashtraeducation.com

8. Punjab Congress leader Harish Rawat’s announcement of Cricketer turned Politician Navjot Singh Sidhu’s elevation to the post of state chief set off a flurry of political activity in Punjab. However, Rawat soon backtracked on his statement saying it will be discussed & no final decision has been taken.

9. The Andhra Pradesh govt has issued fresh orders for the implementation of 10% reservation for economically weaker sections (EWS) in education & employment, in accordance with the Constitution 103 Amendment Act.

10. Jindal Steel to set up steel plant investment of Rs 7,500 crore in Nellore district of Andhra Pradesh.

11. Karnataka to create one crore jobs in next 5 years, says CM B S Yediyurappa, while addressing 'World Youth Skill Day' function organised by the Department of Skill Development.

12. Himachal Pradesh: An earthquake of magnitude 3.6 hit Shimla at 7:47 pm on 15 Jul (Thursday).

13. 119th Birthday of former CM of Tamil Nadu, K. Kamaraj, who is revered as the father of renaissance of Education in Tamil Nadu & Puducherry was celebrated in Puducherry on 15 Jul (Thursday).

14. Raksha Mantri Rajnath Singh on 15 Jul (Thursday) launched an Artificial Intelligence-powered grievance management application in New Delhi. The system was developed by Ministry of Defence with the cooperation of IIT-Kanpur. The system can identify repeat complaints or spam automatically.

15. Chief of Defence Staff (CDS) General Bipin Rawat is on 15 Jul (Thursday) visiting the Line of Control (LoC) to review the forces' operational preparedness. Additionally, CDS Bipin Rawat will also review the Anti-Infiltration grid during his two-day visit to Jammu and Kashmir.

16. According to report of Defence Ministry: A total of 147 additional women short service commission (SSC) officers of the Indian Army have been granted permanent commission as per the revised parameters set by the Supreme Court in March 2021.

✈️ INTERNATIONAL NEWS

1. External Affairs Minister Dr Jaishankar on 15 Jul (Thursday) called on Afghan President Ashraf Ghani on the sidelines of the Tashkent Connectivity Conference in Uzbekistan. They discussed the current situation in & around Afghanistan. Dr Jaishankar reiterated India’s support for peace, stability and development of Afghanistan.

2. India-Russia support intra-Afghan talks : Russian envoy to India Nikolay Kudashev says that both India and Russia are supportive of the intra-Afghan talks.

3. India will make the best of its two-year term in the UN Security Council and underscore that it establishes the right to be a permanent member of the 15-nation body, Foreign Secretary Harsh Vardhan Shringla has said, as the country prepares to assume Presidency of the Council with focus on maritime security.

4. Amid the ongoing military standoff with India, the Chinese Army is building permanent concrete structures near the Line of Actual Control few kilometres from Naku La in Sikkim, Eastern Ladakh, which will allow its troops access the disputed areas with India.

5. Calling Taliban the current reality in Afghanistan, Russia said it's for India to decide to what extent it wants to be involved in the country. Responding to queries on the current security situation in Afghanistan.

6. Canada suspended all direct flights from India until July 21. However, passengers from India who wish to visit the country now have the option of taking a connecting flight as long as they obtain a negative Covid-19 certificate.

7. Indian airlines await official orders before restarting flights to Dubai: Airlines have received no official word from UAE civil aviation regulator General Civil Aviation Authority (GCAA) despite certain airlines allowing passengers to book air tickets to Dubai starting July 15. So booking tickets to Dubai is awaiting. India to Dubai international flight was suspended due to the second wave of Coronavirus spreading across the country.

8. Indian Navy received 10th anti-submarine warfare aircraft P-8I from US-based aerospace company, Boeing. Contract for eight P81 aircraft was signed by defence ministry in 2009. In 2016, ministry signed a contract for four additional P-8I aircraft. P-81 is a patrol aircraft and an integral part of Indian Navy’s fleet.

🌎 WORLD NEWS 🌍

1. The withdrawal of US troops from Afghanistan and seemingly unstoppable march of the Taliban opens a strategic door to China that is laden with both risk & opportunity. China abhors a power vacuum, especially on its borders, and maintaining stability after decades of war in its western neighbour.

2. The United States rejects China`s "unlawful" maritime claims in the South China Sea and stands with Southeast Asian countries facing Chinese "coercion".

3. 17 people confirmed dead in collapse of hotel in Eastern China, unauthorized construction to blame. The hotel is said to have undergone frequent renovations in recent years. “The building used to have only three floors, but over the years they have been adding extra floors.

4. US Senate passed a legislation to ban the import of products from China's Xinjiang region. The bill must also be passed by the House of Representatives before it can be sent to the White House for President Joe Biden to sign into law.

5. The Taliban have offered a three-month ceasefire in exchange for the release of 7,000 insurgent prisoners with Afghanistan govt. It was not immediately clear how the govt would react to the ceasefire offer, which comes as the United States accelerates the pace of a troop withdrawal due to be finished by 31 August.

🚣🚴🏇🏁🏊 Sports:

1. Women’s Cricket: England beat India by 8 wickets in 3rd T20 to clinch series 2-1 on 14 July:

England - 154/2 18.4/20
India. - 153/6 20/20

2. England vs India: Wicket-keeper batsman Rishabh Pant & training assistant Dayanand Garani tested positive for COVID-19 and three more members of touring party were isolated after they were deemed close contacts of Garani.

3. The United Arab Emirates (UAE) has granted Indian tennis ace Sania Mirza & her husband Pakistan cricket star Shoaib Malik the much-coveted 10-year UAE Golden Visa both got married in 2010 and have been residents of Dubai for the past 7 years. The Golden Visa was instituted by the UAE govt in 2019 as a new system for long-term residence visas.

It enabled foreigners to live, work and study in the country without the need of a national sponsor and with 100 % ownership of their business on the UAE mainland. These visas are for a period of five or 10 years and are renewed automatically.

 USD 74.55 💷GBP 103.38
Imphal (Manipur)
🥇 Gold ₹48,740©️10 gm 24 (Krt)
🥈 Silver ₹70,003©️Kg
⛽ Petrol ₹ 105.75
⛽ Diesel ₹ 93.77
LPG : ₹ 986.50/14.2 Kg

BSE Sensex 53,158.85
NIFTY : 15,924.20

Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
🇮🇳 Facts about India 🇮🇳
Shimla Agreement, was signed between India and Pakistan on 2 July 1972 in Shimla, the capital city of the Indian state of Himachal Pradesh.

It followed from the Bangladesh Liberation war in 1971 that led to the independence of Bangladesh, which was earlier known as East Pakistan and was part of the territory of Pakistan. India entered the war as an ally of Bangladesh which transformed the war into an Indo-Pakistani War of 1971. The agreement was ratified by the Parliaments of both the nations in the same year.

The treaty was signed in Simla (also spelt "Shimla") in India by Zulfiqar Ali Bhutto, the President of Pakistan, and Indira Gandhi, the Prime Minister of India. The agreement also paved the way for diplomatic recognition of Bangladesh by Pakistan.
The agreement converted the cease-fire line of 17 December 1971 into the Line of Control (LOC) between India and Pakistan and it was agreed that "neither side shall seek to alter it unilaterally, irrespective of mutual differences and legal interpretations"

😀 Thought of the day *

When the flower 💐🌸🌼blooms, the bees🐝 come uninvited. 🙏🏻

 Joke of the day 

Wife asked her husband to give the newspaper.🎫

Husband🤓 : How backward you are? Technology has developed so much and you are still asking for the newspaper📰🗞️..??? Take my iPad......📱
Wife took the iPad and killed the cockroach . Husband faints.😬🤐

_Moral_ : Whatever the wife asks, give her without argument. Show your smartness in office, not@ home 😆😅😂🤪

😳 Why❓❓❓

why can't we see stars during daytime✨🌟

Stars aren't visible during the sunlit hours of daytime because the light-scattering properties of our atmosphere spread sunlight across the sky. Seeing the dim light of a distant star in the blanket of photons from our Sun becomes as difficult as spotting a single snowflake in a blizzard.

LEARN Sanskrit🙏🏻

बाहुः (Bahu) : Arm

🤔 How it works ⁉️

How does a memory card/SD card work?

An SD (Secure Digital) card is a solid-state device. This means it has no moving parts in order to function. Inside the SD card is circuitry that includes flash memory.

Data in an SD card is stored on a series of electronic components called NAND chips. These chips allow data to be written and stored on the SD card. As the chips have no moving parts, data can be transferred from the cards quickly, far exceeding the speeds available to CD or hard-drive media.

Each SD card comes formatted with a File Allocation Table (FAT) file system. When a card is placed in an activated device, such as a camera or a cellphone, a small electrical current from the device moves electrons in the flash memory chip. The digital patterns stored on the chip correlate to the data stored there. Data is erased when a slightly higher voltage is applied to the circuit.

💁🏻‍♂️ GK TODAY

The Union Public Service Commission. commonly abbreviated as UPSC , is India's premier central recruiting agency. It is responsible for appointments to and examinations for All India services and group A & group B of Central services. The agency's charter is granted by Part XIV of the Constitution of India

Formed on 1 October 1926
Headquarters Dholpur House, Shahjahan Road, New Delhi.

Prof. (Dr.) Pradeep Kumar Joshi, (Chairman)

BORN TODAY 💐🐣

Dhanraj Pillay (born 16 July 1968) is a retired Indian field hockey player and former captain of the Indian national team.
He currently serves as the manager of the team.

His debut in 1989 with the national team and in a career spanning over 15 years, appeared for India in 4 Olympic Games, World Cups & Champion Trophies each. He made 339 appearances for the national team & is recorded, unofficially, to have scored 170 goals.

🛕 VEDIK GNAN

In Santana Dharma Why lotus consider as special?

The lotus is the symbol of truth, auspiciousness and beauty (satyam, shivam, sundaram).
The Lord is also that nature and therefore, His various aspects are compared to a lotus (i.e. lotus-eyes, lotus feet, lotus hands, the lotus of the heart etc.).
The lotus blooms with the rising sun and close at night. Similarly, our minds open up and
expand with the light of knowledge. The lotus grows even in slushy areas. It remains
beautiful and untainted despite its surroundings, reminding us that we too can and should
strive to remain pure and beautiful within, under all circumstances. The lotus leaf never gets wet even though it is always in water. It symbolizes the man of wisdom (gyaani) who remains ever joyous, unaffected by the world of sorrow and change. This is revealed in a shloka from the Bhagwad-Geeta

Brahmanyaadhaaya karmaani
Sangam tyaktvaa karoti yaha
Lipyate na sa paapena
Padma patram ivaambhasaa!

Meaning of this slokha : The person who does actions, offering them to Brahman(the Supreme), abandoning attachment is not tainted by sin, just as a lotus leaf which remains unaffected by the water on it.

🧬 HEALTH CARE: HOME REMEDIES🩺
( Note : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻)

Natural remedies for hair growth

Aloe vera has long been used for treatingTrusted Source hair loss. It also soothes the scalp and conditions hair. It can reduce dandruff and unblock hair follicles that may be blocked by excess oil.

Coconut oil Trusted Source contains fatty acids that penetrate inside the hair shaft and reduce protein loss from hair. Coconut oil can be used either before or after you wash your hair depending on your hair type.

Fish oil : Consuming omega fatty acids can help to improve your hair from the inside, since they are filled with nutrients and proteins.

*Onion juice* You can blend a few onions and squeeze out the juice. Apply the juice to your scalp and hair and leave in for at least 15 minutes. Then shampoo normally.

Regards



*🙏PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©️YOUR FAMILY SAFE🌼*

🇮🇳 *India Daybook*

🔹 *Stocks in News*

*Wipro:* Rupee Revenues reported at Rs 18369.0.0 crore versus poll of Rs 17850.0 crore, Profit reported at Rs 3243.0 crore versus poll of Rs 2826.0 crore. (Positive)

*Tata Steel Long Products:* Net profit at Rs 331.61 crore in Q1FY22 against a loss of Rs 131.31 crore in Q1FY21. Revenue jumped to Rs 1,687.64 crore from Rs 653.1 crore YoY. (Positive)

*Grasim Industries, Century Textiles:*| The companies have incorporated a joint venture named ‘Birla Advanced Knits Pvt Ltd’ for undertaking Knits manufacturing business (Positive)

*Pidilite Industries:* Sudhanshu Vats will join the company as Deputy Managing Director. (Positive)

*Sugar Stocks:* India Sugar stocks set to fall to 4 year lows. Sugar exports at record high (Positive)

*Sona Comstar:* The company has partnered with Israel’s IRP Nexus Group to initiate a project to co-develop a new electric motor that would avoid the usage of rare earth elements. (Positive)

*Reliance Power:* The company has allotted 59.50 crore equity shares and 73 crore convertible warrants to Reliance Infrastructure. (Positive)

*BGR Energy Systems:* CARE revised its long-term credit rating on the company's bank facilities to BB+/Stable, from BBB/Negative. (Positive)

*Super Spinning Mills:* CARE revised its long-term credit rating on the company's bank facilities to BB/Stable, from BB-. (Positive)

*Auro Phama*: Received USFDA approval for its drug (Positive)

*ITI*: Company to sell non-core asset of the company (Positive)

*BEML*: Incorporates a WoS in the name and style of BEML Land Assets Ltd. (Positive)

*Timex:* Helix Smartwatch 2.0 launched today by Timex Group on Amazon Fashion India (Positive)

*TATA ELXSI:* Rupee Revenues reported at Rs 558.0 crore versus poll of Rs 556.0 crore, Profit reported at Rs 113.0 crore versus poll of Rs 114.0 crore (Neutral)

*Cyient:* The company reported Q1FY22 net profit at Rs 115 crore, registering a growth of 11.5 percent as compared to Rs 103.1 crore, QoQ (Neutral)

*Angel Broking:* The company’s Q1FY22 net profit rose 19 percent to Rs 121.4 crore from Rs 102 crore, while revenue grew 13 percent to Rs 474.5 crore from Rs 418.9 crore, QoQ. (Neutral)

*Tata Motors:* The company’s board will consider raising up to Rs 500 crore via NCDs on July 20. (Neutral)

*Bandhan Bank:* The bank’s deposits in Q1FY22 were at Rs 77,336 crore, up 27.6 percent, YoY, and down 0.82 percent QoQ. (Neutral)

*Gati:* The company has transferred its 69.79 percent equity holding in Gati Kausar India to Mandala Capital AG Ltd. (Neutral)

*Mindspace Business Parks REIT:* CRISIL assigned 'AAA/Stable' to non-convertible debentures of Mindspace Business Parks REIT of upto Rs 175 crore (Neutral)

*Emmbi Industries*: Ithoughtwealth Analytics LLP sold 1,83,298 equity shares in the company at Rs 109.51 per share on the NSE (Negative)

LIC IPO News: DIPAM issues RFP for Book Running Lead Managers; Know FULL DETAILS here - https://www.zeebiz.com/market-news/news-lic-ipo-news-dipam-issues-rfp-for-book-running-lead-managers-know-full-details-here-160802

Hi all, this is an annual report tracker that I am maintaining. Has links to 400+ reports till now along with key financial and market metrics. There are two tabs - one sorted by market cap and other grouped by Industry for comparison.
Sharing here if useful for anyone.
https://docs.google.com/spreadsheets/d/1wxEdyk-Xja_SaPAdR7QL8RgtJZvPwDqk6NWH6Gb3ePk/edit#gid=0

Securities in Ban For Trade Date 16-July-2021:

GRANULES
IDEA
IBULHSGFIN
NATIONALUM
PNB
NMDC
SAIL
SUNTV


*Added - No*
*Deleted-No*

*Good Morning*
• India Sticks to First-Half Borrowing, Gives States $10 Billion
• India June Trade Deficit at $9.37b, Est. -$9.400b
o Exports rose 48.34% y/y to $32.5b
o Imports rose 98.31% y/y to $41.87b
• India’s RBI to Publish Financial Inclusion Index Soon, Das Says
• India’s Inflation to Ease in 3Q as Supply Pressures Fade: RBI
• Bankers Invited for IPO ‘Far Larger Than Any Precedent’ in India
• Raw Sugar Gains as Traders Weigh Tighter Indian Supply, U.K. Tax
• India Horticulture Output Seen Rising 2.9% in 2020-21: Ministry
• India Cumulative Monsoon Rainfall 5% Below Normal on July 15
• Global Funds Sell Net INR2.65B of India Stocks on Thursday: NSE
o Domestic funds Buy net 4.39b rupees of stocks
• Foreign Investors Sell Net INR12.2B of Indian Equities on July 14
• Reliance Industries Plans to List Retail, O2C Units: Business Standard
• Sebi moves SC against SAT order on Franklin Templeton: PTI
• Bandhan Bank (BANDHAN): Advances rise 8% y/y to 801.3b as of June 30, total deposits rise 28% y/y at INR773.4b
• Cyient (CYL): 1Q net income +41% y/y to 1.15b rupees, beats est. 1.08b
• Gati Ltd. (GTIC): To sell 69.8% stake in unit Gati Kausar to Mandala Capital
• Indian Oil Corp. (IOC): Co.’s Paradip Refinery hit by glitches, partial shutdown planned
• IRB InvIT Fund (IRBINVIT): Says IRB Pathankot toll road wins arbitration award against NHAI
• L&T Infotech (LTI): 1Q net income +19% y/y to 4.96b rupees, beats est. 4.82b; revenue +17% y/y to 34.63b
• NMDC (NMDC): OFS up to 8.9m NMDC shares to co.’s staff at 165.50 rupees/shr; offer open July 16-18
• Reliance Industries (RIL): Says report on JustDial a media speculations; Reliance evaluates opportunities on an ongoing basis
• Reliance Power (RPWR): Makes pref. allotment of 595m shares and 730m warrants to founder Reliance Infra (RELI) by conversion of its debt
• Sona Blw Precision (SONACOMS): Approves pact with Israel’s IRP Nexus to design motor for electric two-wheelers
• Tata Elxsi (TELX): 1Q net Income 1.13b rupees vs. 688.7m rupees Y/y; revenue 5.58b rupees
• Tata Motors (TTMT): To consider 5b rupees bond issue on July 20
• Wipro (WPRO): 1Q net income +36% y/y to 32.4b rupees, beats est. 28.28b; revenue +22% to 182.5b rupees; Sees 2Q revenue growth 5%-7% Q/q

*SGX Nifty -23 pts (15917) from last trade 15940 ,*


Nikkei -290 pts ,
Hangseng -24 pts ,
Now @6.52am .



Dow +53.79 pts ,Nsdq -101.82 pts, S&P
-14.27 pts, Bovespa -938 pts , Ftse -79 pts  , Dax -159 pts , Cac -65 pts , Crude @ $71.39 brl (-0.25), Brent @ $73.47 brl (-0.00) , Gold @ 1830.70 (+1.70), Silver @ $26.42 (+0.02), Euro @ $1.1809, JPY @ $109.77,  INR @ 74.535







*Today's Corporate Action*
*16th  Jul Ex Date*



CERA
Dividend - Rs. - 13.0000
M&MFIN
Dividend - Rs. - 0.8000
ORIENTBELL
Dividend - Rs. - 0.5000
ORIENTCQ
Final Dividend - Rs. - 10.0000
PLASTIBLEN
Dividend - Rs. - 4.0000
PRECAM
Final Dividend - Rs. - 1.0000
PRESSMN
Final Dividend - Rs. - 1.0000
RBL
Final Dividend - Rs. - 25.0000
REDINGTON
Final Dividend - Rs. - 7.6000
SAGCEM
Final Dividend - Rs. - 2.5000
SWELECTES
Final Dividend - Rs. - 3.0000
VSTIND
Final Dividend - Rs. - 114.0000




*Today's Key Results/Board Meetings*
*16-Jul-21*



AAYUSH
General;Quarterly Results
AMAL
General
B2BSOFT
Quarterly Results
CSL
Quarterly Results
GNA
Quarterly Results
HDFCAMC
Quarterly Results
L&TFH
General;Quarterly Results
NIDHGRN
Quarterly Results
OROSMITHS
Quarterly Results
RADHEDE
Quarterly Results
RISHYRN
General
RRMETAL
A.G.M.;General
SMRUTHIORG
Quarterly Results
STARLOG
Audited Results
VIVIDHA
Quarterly Results




*Stock under F&O ban on NSE*
*16-Jul-21*




1GRANULES

2IBULHSGFIN

3IDEA

4NATIONALUM

5NMDC

6PNB

7SAIL

8SUNTV

*Wipro Q1FY22 Result First Cut: What a come back; It’s a new and aggressive Wipro*

✅Revenue in CC terms reported a growth of 12% sequentially and came 300 bps higher than most optimistic estimates on the street, that was us. This is the highest organic sequential revenue growth in the last 38 quarters by the company.

✅Our back of the envelop calculation suggest that organic business growth would be upwards of 4% which was higher than the management guidance and our estimates.

✅The company believes, revenue to grow at 5-7% sequentially in Q2FY22E. *This makes us to believe that, under the new leadership we are experiencing a NEW WIPRO who guides aggressively and delivers better than that.*

✅Among the two business segments iCore (Integrated Digital, Engineering & Application Services, 60% of revenue) reported 19% sequential growth whereas iCore (Cloud Infrastructure, Digital Operations, Risk & Enterprise Cyber Security Services, 40% of revenue) reported 4% sequential growth.

✅Vertical wise, BFSI reported 23% sequential growth, mainly due to the contribution from Capco. Interestingly, Energy & Utility (11.3% growth) , Communication (14.4% growth), Consumer (14.2% growth), Manufacturing (15% growth) all reported healthy sequential growth and make us to believe that the organic Wipro business delivered massive growth in Q1FY22.

✅Wipro closed 8 large deals resulting in a TCV of over $715 mn and initial commentary from the management suggest that the deal pipeline remained healthy and overall order-booking will also be strong in FY22E.

✅The company added 12,178 (~5,000 from Capco acquisition) new manpower and overall employee count crossed 2 lakhs first time. Like Infosys, attrition went by 340 bps sequentially to 15.5%.

✅IT services EBIT margin of 18.8% was 220 bps lower sequentially and 20 bps lower annually. Margin is the only area where the company delivered numbers lower than our estimates.

*Our View:*
*Wipro over the last two quarters not only guiding aggressively; consistently delivering onto it also. More than 4% CC growth in a seasonally weak quarter, 5-7% growth guidance for next quarter, aggressive acquisitions, bold commentaries, and large deal wins all indicate towards a ‘NEW WIPRO’ under the new leadership. EBIT margin came marginally lower than expectation, but we believe that is transient in nature. We believe, street will upgrade their EPS estimates by 6-8% for FY22/23E. The stock is trading at 20% discount to Infosys and valuation catch up will aid outperformance in short to medium term.*

Wipro's Q1 profit jumps 23% YoY to Rs 3,564 crore, revenue rises 22%

https://www.moneycontrol.com/news/business/markets/wipros-q1-profit-jumps-23-yoy-to-rs-3564-crore-revenue-rises-22-7178031.html

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RBI Bulletin: Near-term prospects of economy bright with tapering of second wave, aggressive vaccination

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*Bandhan Bank Q1FY22 Business Update – Weak - MFI Collection Efficiency declines to 72% in June (from 95% in March)*
• Advances declined by 8% QoQ & increased by 8% YoY to Rs. 80,128 Cr.
• Deposits declined by 1% QoQ & increased by 28% YoY.
• CASA ratio was at 42.9% vs QoQ 43.4% & YoY 37.1%
• Overall CE - Collection Efficiency deteriorated from 96% in March to 80% in June.
• MFI CE has deteriorated significantly from 95% in March to 72% in June.
• Non-MFI CE was at 98% in March and is at 96% in June.

*Craftsman Automation Q1FY22 Concall Update*
(Nirmal Bang Securities)

*Outlook: Positive*

• Revenue came at Rs. 435 Cr (-19% QoQ, 167% YoY)
# Auto Powertrain (53% mix) revenue declined by 19% QoQ against CV industry’s (50% segment share) decline of 60% QoQ & balance 50% segment share coming from Tractor, PVs and Construction Equipment.
# Auto Aluminum Products (18% mix) declined by 33% QoQ in line with 2W industry decline of ~30% QoQ.
# Industrial & Engg Products (29% mix) declined by 7% QoQ
• Share of cylinder block & heads within auto powertrain is 60%.
• Steel & Aluminum increased QoQ by 15% & 11% and impacted gross margins by 130 bps QoQ (at 55.4% vs QoQ 56.7%) as co was not able to pass on the increase during the qtr.
• From July, Aluminum Products segment has moved to monthly pass through of RM costs just like the powertrain segment.
• Capacity utilization even during good qtr of Q4FY21 was at 70% and was at 55% during Q1FY22. Co has created good capacities and so there will be operating leverage once demand picks up.
• Co does not expect a strong bounceback from MHCV industry during FY22 although the Powertrain segment will grow by 20% in FY22 (adjusted for increase in RM costs).
• Co will run out of capacities in Auto Aluminum in FY23 as it has been able to add new PV clients (apart from mostly 2W clients traditionally). Thus going forward contribution from PVs could be the same as 2W by FY23/24. Co expects incremental revenue of Rs. 250 Cr from these new orders.
• EVevolution will be positive for Auto Aluminum Products as all new platforms will involve aluminum instead of steel.
• Storage solutions revenue for Q1 was ~Rs. 50 Cr against Rs. 104 Cr for entire FY21.
• Debt will reduce by 200 Cr in FY22. Capex will remain at 130-150 Cr (maintenance capex) as has been the case since last 2 years. Industrial & Engg segment does not require much capex.
• New truck sales in developed markets is slowly starting to shift towards EVs & hybrids and thus the co will take its time to carefully undertake capex in powertrain business in future. (although exports of auto powertrain is just 2% of co’s total revenue)

Stock is trading at P/E of 21x Q4FY21 anualised EPS

*Tata Elxsi Ltd.* | *CMP* Rs. 4487 | *M Cap* Rs. 27909 Cr | *52 W H/L* 4500/870
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 558.3 Cr (7.7% QoQ, 39.4% YoY) CC $ revenue grew by 6.3% vs QoQ Rs. 518.4 Cr, YoY Rs. 400.5 Cr
EBIDTA came at Rs. 150 Cr (-10.7% QoQ, 61.8% YoY) vs QoQ Rs. 168 Cr, YoY Rs. 92.7 Cr
*Lower EBITDA QoQ is on account of Rs 33cr special one time bonus to employee*
EBITDA Margin came at 26.9% vs QoQ 32.4%, YoY 23.1%
Adj. PAT came at Rs. 113.4 Cr vs QoQ Rs. 115.2 Cr, YoY Rs. 68.9 Cr
Quarter EPS is Rs. 18.2
Share is trading at P/E of 52x FY23 EPS

*Larsen & Toubro Infotech Ltd.* | *CMP* Rs. 4417 | *M Cap* Rs. 77209 Cr | *52 W H/L* 4500/2117
(Nirmal Bang Retail Research)
CC QoQ came at 4.8% vs expectation of 3.6%, QoQ 4.4%, YoY -4.7%
*Result is above expectation*
Dollar revenue came at $ 470.2 Mn,(5.1% QoQ, 20.5% YoY) vs expectation of $ 464.1 Mn, QoQ $ 447.4 Mn, YoY $ 390.3 Mn
Net sales came at Rs. 3462.5 Cr (5.9% QoQ, 17.4% YoY) vs expectation of Rs. 3432.8 Cr, QoQ Rs. 3269.4 Cr, YoY Rs. 2949.2 Cr
EBIT came at Rs. 567.9 Cr (-10.3% QoQ, 10.5% YoY) vs expectation of Rs. 567 Cr, QoQ Rs. 632.9 Cr, YoY Rs. 513.9 Cr
EBIT Margin came at 16.4% vs expectation of 16.5%, QoQ 19.4%, YoY 17.4%
Adj. PAT came at Rs. 496 Cr vs expectation of Rs. 481.5 Cr, QoQ Rs. 545.2 Cr, YoY Rs. 416.6 Cr
Quarter EPS is Rs. 28.4
Stock is trading at P/E of 35.2x FY22E EPS