Summary for Tatva Chintan IPO

⏩ Marquee domestic and global names such as Goldman Sachs, HSBC Global, Nomura, SBI, HDFC and ICICI Prudential are some of the investors who have picked up a stake in the company through the anchor book portion.

🟢 Goldman Sachs, HSBC, Axis Mutual fund, Malabar India Fund, Nippon Life India, Abu Dhabi Investment Authority and Nomura Funds have each bought more than 6% of the anchor book portion

🟢 Of the total anchor investment, 47% or 6.46 lakh equity shares have been sold to seven domestic mutual funds. These include ICICI Prudential, HDFC AMC, Axis Mutual Fund, Aditya Birla Sun Life, SBI, Nippon India and Mirae Asset Hybrid

🟢 Upcoming expansion plan will increase the company’s aggregate capacity by 200 kilo liters (71.4%), which is a significant expansion and could impact profitability and return ratios in the next 2-3 years.

🔴 The stock is valued at 31.3X FY24 earnings

🔴 P/E valuation of 45.9x (Higher P/E than Deepak Nitrite)

now they are giving targets of 3 00 000 for sensex

https://m.economictimes.com/markets/stocks/news/sell-your-diamonds-but-not-your-stocks-raamdeo-agrawal/articleshow/84335062.cms

*Den Networks Ltd.* | *CMP* Rs. 55 | *M Cap* Rs. 2625 Cr | *52 W H/L* 115/42
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 302.9 Cr (-7.2% QoQ, 0.5% YoY) vs QoQ Rs. 326.2 Cr, YoY Rs. 301.3 Cr
EBIDTA came at Rs. 47.5 Cr (-26.8% QoQ, -25.7% YoY) vs QoQ Rs. 64.9 Cr, YoY Rs. 63.9 Cr
EBITDA Margin came at 15.7% vs QoQ 19.9%, YoY 21.2%
Lower Depreciation led to higher PAT
Adj. PAT came at Rs. 40.9 Cr vs QoQ Rs. 37 Cr, YoY Rs. 58.7 Cr
Quarter EPS is Rs. 0.9
Share is trading at P/E of 14.6x TTM EPS

Reliance Retail to acquire controlling stuck in Just dial. Reliance retail to subscribe 2.12cr share of Just dial at Rs.1022.25/share and infuse Rs.2165cr in Just Dial. Just dial already has free cash of Rs.1533cr as such company will have war chest of Rs.3698cr.
Reliance retail will acquire 1.31cr share (15.62%) from VSS Mani (Existing promoter) @ Rs.1020/share for Rs.1332cr. Existing promoter will continue to hold 19.7% in company and Mr, Mani will continue to be MD &CEO
Reliance Retail will make an open offer for 2.17cr share (26%) @ of Rs.1022.25/share for total consideration of 2222.05cr.
The capital infused by RRVL will help drive the growth and expansion of Just Dial into a comprehensive local listing and commerce platform. Just Dial would expand discovery on its platform and enhance transactions for millions of products and services. These investments will leverage Just Dial’s existing database of ~30.4 million listings and its existing consumer traffic of ~ 129.1 million quarterly unique users

*L&T Finance Holdings Ltd. -C* | *CMP* Rs. 95 | *M Cap* Rs. 23433 Cr | *52 W H/L* 113/52
(Nirmal Bang Retail Research)
*Result is below expectations*
NII came at Rs. 1499 Cr vs expectation of Rs. 1497 Cr, YoY Rs. 1317 Cr, QoQ Rs. 1614 Cr
PBP came at Rs. 1029 Cr vs expectation of Rs. 1153 Cr, YoY Rs. 817 Cr, QoQ Rs. 1222 Cr
Provisions came at Rs. 791 Cr vs expectation of Rs. 683 Cr, YoY Rs. 944 Cr, QoQ Rs. 504 Cr
LTFH created contingent provisions of Rs. 369 Cr in Q1FY22, with this the total contingent provisions are at Rs. 1,403 Cr (1.6% of AUM).
PBT came at Rs. 238 Cr, YoY Rs. -126 Cr, QoQ Rs. 718 Cr
PAT (After MI) came at Rs. 178 Cr vs expectation of Rs. 345 Cr, YoY Rs. 148 Cr, QoQ Rs. 267 Cr
Loan Book came at Rs. 88440 Cr vs YoY Rs. 98879 Cr, QoQ Rs. 94013 Cr
Gross NPA came at Rs. 4881 Cr vs QoQ Rs. 4504 Cr at 5.75% vs QoQ 4.97%
Net NPA came at Rs. 1691 Cr vs QoQ Rs. 1377 Cr at 2.07% vs QoQ 1.57%
Quarter EPS is Rs. 0.7
Share is trading at P/E of 9x FY23E EPS & 1.2x trailing P/BV

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Interesting facts about *Birlasoft*:-

1) *Abu Dhabi* investment fund, *Nippon*, *Tata digital*, *Tata insurance* *Aditya Birla Sun Life*, *Invesco*, *ICIC Pru*
All of these funds bought 1-3% stake in June 2021

2) *L&T*, *IDFC* and *Ellipsis* are already holding 2-3%

3) Ashish kacholia and Ashish Dhawan holds 1.17% and 2.88% stake respectively ( 30th June 2021 )

4) *Debt free* and 0% pledging by promoters

Metals like Copper, steel, aluminium and nickel may see increase in price since western countries are planing to increase the mining tax by 40-60%......Next week fw msg

RELIANCE INDUSTRIES: RELIANCE RETAIL TO ACQUIRE MAJORITY STAKE OF 66.95% IN JUST DIAL

RELIANCE INDUSTRIES: RELIANCE RETAIL VENTURES LTD ANNOUNCES ACQUISITION OF CONTROLLING STAKE IN JUST DIAL LIMITED FOR A TOTAL CONSIDERATION OF RUPEESS 3,497 CRORES

RELIANCE INDUSTRIES: RELIANCE RETAIL VENTURES TO HOLD 40.95% AND WOULD MAKE AN OPEN OFFER TO ACQUIRE UPTO 26.0% IN ACCORDANCE WITH TAKEOVER REGULATIONS

JUST DIAL: RELIANCE RETAIL VENTURES LTD TO HOLD 40.95% STAKE IN CO || RELIANCE RETAIL VENTURES LTD TO MAKE OPEN OFFER TO ACQUIRE UPTO 26.0%

JUST DIAL: DEAL TOTAL CONSIDERATION OF 34.97B RUPEES || VSS MANI TO CONTINUE TO LEAD CO AS MD, CEO

JUST DIAL: Q1 CONS NET LOSS 35.2M RUPEES VS PROFIT 833.2M (YOY); EST PROFIT 330M | PROFIT 336M (QOQ) || Q1 REVENUE 1.65B RUPEES VS 1.62B (YOY)

JUST DIAL: CO APPROVED ISSUE & ALLOTMENT OF EQUITY SHARES TO RELIANCE RETAIL VENTURES ON A PREFERENTIAL BASIS

JUST DIAL: ISSUE UPTO ABOUT 21.65B RUPEES TO RELIANCE RETAIL VENTURES || ISSUE FOR CASH CONSIDERATION

JUST DIAL: POST ALLOTMENT RELIANCE RETAIL VENTURES TO HOLD 25.35% STAKE IN CO

JUST DIAL: CO APPROVED RE-APPOINTMENT OF V.S.S MANI AS MD

JUST DIAL: CO BOARD APPROVES ISSUE OF PREFERENTIAL SHARES TO RELIANCE RETAIL VENTURES; TO ISSUE 2.11 CR SHARES AT RUPEES 1,012.25 PER SHARE TO RELIANCE RETAIL || EGM ON AUGUST 13 TO APPROVE DEAL

GOOD NEWS for sugar companies, cane farmers: Modi government signs export contract for more than target figure of 60 LMT sugar, 52 LMT exported within 6 months

*HDFC Bank Ltd.* | *CMP* Rs. 1522 | *M Cap* Rs. 841167 Cr | *52 W H/L* 1789/993
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Net Interest Income came at Rs. 17009 Cr vs expectation of Rs. 17611 Cr, YoY Rs. 15665 Cr, QoQ Rs. 17120 Cr
Non Interest Income came at Rs. 6289 Cr vs expectation of Rs. 6622 Cr, YoY Rs. 4075 Cr, QoQ Rs. 7594 Cr
PBP came at Rs. 15137 Cr vs expectation of Rs. 15075 Cr, YoY Rs. 12829 Cr, QoQ Rs. 15533 Cr
Provisions came at Rs. 4831 Cr (1.80%) vs expectation of Rs. 4424 Cr (1.65%), YoY Rs. 3892 Cr (1.70%), QoQ Rs. 4694 Cr (1.77%)
Provision made suring the qtr include Rs. 600 Cr (5 bps) towards contingent provisions taking total contingent provisions to Rs. 6596 Cr (57 bps)
Also total provisions (specific + floating + contingent) are 146% of GNPA.
Adj. PAT came at Rs. 7730 Cr vs expectation of Rs. 7915 Cr, YoY Rs. 6659 Cr, QoQ Rs. 8187 Cr
Gross NPA came at Rs. 17099 Cr vs QoQ Rs. 15086 Cr at 1.47% vs expectation of 1.38%, QoQ 1.32%
Net NPA came at Rs. 5486 Cr vs QoQ Rs. 4555 Cr at 0.48% vs QoQ 0.4%
Quarter EPS is Rs. 28.2
Share is trading at P/E of 18.7x FY23E EPS & 4.0x trailing P/Adj. BV

# GNPA for HDB Financial Services increased to 7.75% vs QoQ 3.89%

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Archies forays into beauty segment; partners several brands, launches dedicated e-com portal

https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/archies-forays-into-beauty-segment-partners-several-brands-launches-dedicated-e-com-portal/articleshow/84473845.cms

Download Economic Times App to stay updated with Business News - https://etapp.onelink.me/tOvY/135dde21

India Ratings and Research (Ind-Ra) has a firm outlook for the sector. According to a report, which provides a review of the sector’s FY21 performance, the domestic chemicals industry surpassed Ind-Ra’s expectations for FY21. The rating agency believes the sector's fundamentals will remain strong over medium term.
https://www.livemint.com/market/mark-to-market/speciality-chemicals-outlook-looks-promising-as-growth-drivers-intact-11626413993869.html