*BALKRISHNA INDUSTRIES LTD.* | *CMP* Rs. 2449 | *M Cap* Rs. 47343 Cr | *52 W H/L* 2449/1230
(Nirmal Bang Retail Research)
Volume Came at 68608T Vs QoQ 68002T YoY 38096
*Result inline with expectation*
Revenue from Operations came at Rs. 1813.1 Cr (3.8% QoQ, 95.2% YoY) vs expectation of Rs. 1696.8 Cr, QoQ Rs. 1745.9 Cr, YoY Rs. 928.7 Cr
EBIDTA came at Rs. 512.7 Cr (-5.4% QoQ, 115.3% YoY) vs expectation of Rs. 510.4 Cr, QoQ Rs. 541.8 Cr, YoY Rs. 238.1 Cr
EBITDA Margin came at 28.3% vs expectation of 30.1%, QoQ 31%, YoY 25.6%
Adj. PAT came at Rs. 331.2 Cr vs expectation of Rs. 328.8 Cr, QoQ Rs. 372.2 Cr, YoY Rs. 121.8 Cr
Quarter EPS is Rs. 17.1
Share is trading at P/E of 30x FY23E EPS

*Bharat Electronics Ltd.* | *CMP* Rs. 175 | *M Cap* Rs. 42640 Cr | *52 W H/L* 191/86
(Nirmal Bang Retail Research)
*Result below Expectation*
Revenue from Operations came at Rs. 1634.6 Cr (-76.3% QoQ, -2.2% YoY) vs expectation of Rs. 2485.6 Cr, QoQ Rs. 6908.3 Cr, YoY Rs. 1670.6 Cr
EBIDTA came at Rs. 62.9 Cr (-96.8% QoQ, -57.2% YoY) vs expectation of Rs. 358.3 Cr, QoQ Rs. 1970.6 Cr, YoY Rs. 146.7 Cr
EBITDA Margin came at 3.8% vs expectation of 14.4%, QoQ 28.5%, YoY 8.8%
Adj. PAT came at Rs. 11.2 Cr vs expectation of Rs. 210.7 Cr, QoQ Rs. 1352.4 Cr, YoY Rs. 54.1 Cr
Quarter EPS is Rs. 0
Share is trading at P/E of 18x FY22E EPS

Rs 1.7 Lakh Cr of money blocked in the 4 #IPOs as of 5.22 PM today!

3612 Cr is the total amount being raised by these 4 IPOs!

Insane Liquidity!

Securities in Ban For Trade Date 09-August 2021:


Canbank
IBULLHGFIN
NATIONALALUM
SAIL
RBLBANK
SUNTV



*Added - NATIONALALUM,SAIL*
*Deleted-No*

✨ *IPO UPDATE* ✨

*CarTrade IPO*

Open : *09/08/2021*
Close : *11/08/2021*
Price Band : *₹ 1585- to ₹ 1618/-*
Lot Size : *9 Shares*
*Investment : ₹ 14562.00*
*Issue Size : 2998 Cr*
Retail : *35%*
Listing : 20/08/2021
Registrar - *LinkIntime*

AU SMALL FINANCE BANK: Q1 SL NET PROFIT 2.03B RUPEES VS 2.01B (YOY);EST 1.9B | 1.69B (QOQ) || Q1 INTEREST EARNED 13.53B RUPEES VS 11.84B (YOY); 12.92B (QOQ) ||Q1 GNPA 4.31% VS 4.25% (QOQ)

BASF: Q1 SL NET PROFIT 1.9B RUPEES VS LOSS 312M (YOY); PROFIT 558M (QOQ) || Q1 REVENUE 30B RUPEES VS 17.8B (YOY) 28.1B (QOQ)

EMAMI PAPER MILLS: Q1 SL NET PROFIT 320M RUPEES VS LOSS 73M (YOY); PROFIT 473M (QOQ) || Q1 REVENUE 4.29B RUPEES VS 2.06B (YOY); 4.11B (QOQ)

PIRAMAL ENTERPRISES: Q1 CONS NET PROFIT 5.39B RUPEES VS PROFIT 4.9B (YOY);EST PROFIT 5.6B | LOSS 5.7B (QOQ)

PEL: TOTAL AUM 472B VS 489B (QOQ)

PEL:
GROSS NPA: 4.3% VS 4.1%
NET NPA: 2.2% VS 2.1%

PIRAMAL ENTERPRISES: Q1 CONS EBITDA RUPEES 17B VS 17.95B (YOY) || Q1 EBITDA MARGIN 58.4% VS 61.13% (YOY)

PIRAMAL ENTERPRISES: PEL FINANCIAL SERVICES Q1 NIM AT 4.5% VS 3.7% (QOQ)

Demerger Proposals:

1) Motherson sumi Ltd ( Domestic wiring harness business will be demerged)..Takes 2-3 months.
2) GHCL (Home textile company will be demerged).Takes 4-5 Months
3) NMDC (Steel company with 3 MTPA will be demerged)..Takes 5-6 months
4) Aarti Industries (API Pharma company will be demerged)..Takes Approx 10 months
5) Kamdhenu Ltd (Paint company will be demerged)..Takes 10 months
6) GMR Ltd (Airport company will be demerged)..Takes 3-4 months
7) Strides Pharma (Bio-Tech business Stelis bio will be demerged)..Takes 12-14 months...
8) Tips Industries
9) Raymond Ltd
10) Rupa Industries
11) National Peroxide
12) Forbes and Co (Eureka Forbes will be demerged and will sell off to PE)
13) Dhampur sugar mills
14) Genus power infra (demerger of Genus Prime infra - An investment company)
15) Arshiya Ltd (Demerger of Arshiya Rail infrastructure Ltd...)
16) Vakrangee Ltd (Physical and Digital business will be demerged)

Mergers in Pipeline:

1) Indiabull real estate Ltd will be merged with Embassy Group (real estate) Company name will be changed to Embassy Real estate ( not sure on the name)...
2) Solara Active Pharma will be merged with Aurore life science, Empereyan life sciences,Hydra active pharma...Solara will be bigger company post merger.
3)APL Apollo tubes (Apollo tricot is getting merged with APT)
4) Expleo solution (consolidation or merger of group's privately held cos with listed entity)

Promoters/ management change:

1) PNB Housing (Carlyle is taking over the promotor/mgmt)
2) Indiabull real estate (Embassy would be the new promotor)
3) Ruchi Soya (New promotor - Pathanjali too)
4) Renuka sugars (New promotor - Wilmar sugars Singapore)
5) Thyrocare
6) Anjani Portland cement (Aquisition of Bhavya cement with similar capacity)

Capital reduction:
1) Supreme petchem
2) Subex
3) Kesoram

Debt restructuring:
1) Kesoram
2) Suzlon

Demerger proposal

(Company may announce shortly but they have intention to demerge)
1) Piramal enterprises
2) Ganesh Benzo
3) Jubilant Industries
4) Edeilweiss finance (wealth mgmt business)
5) Aurobindo Pharma (Injectables business will be demerged)
6) Max venture Ltd (Speciality package business will be demerged)

BERGER PAINTS INDIA Q1FY22:

EBITDA RUPEES 2.38B VS 3.34B (QOQ)

EBITDA MARGIN 13.3% VS ; 16.51%(QOQ)

NET PROFIT 1.40B EST 1.58B

CONS NET PROFIT 1.41B RUPEES VS EST 1.5B | 2.09B (QOQ)

EBITDA 2.38B EST 2.50B

ARVIND FASHIONS: Q1 CONS NET LOSS 1.77B RUPEES VS LOSS 1.97B (YOY) VS 134 M LOSS (QOQ)

SHAN CHEM NET PROFIT 26 CR VS 18 CR

Anupam Rasayan (Consolidated, YoY)
🔸Net profit at ₹32.1 cr Vs ₹0.2 cr
🔸Revenue up 72.7% at ₹233.6 cr Vs ₹135.3 cr
🔸EBITDA up 83.9% at ₹60.5 cr Vs ₹32.9 cr
🔸EBITDA margin at 25.9% Vs 24.3%

INDIA: FERRO CHROME PRICES RISE FURTHER ON FAVOURABLE DEMAND-SUPPLY DYNAMICS

Jefferies on Gujarat Gas
Buy Call
Target Rs 920
--
Citi on Gujarat Gas
Buy Call
Target Rs 820
--
CLSA on Gujarat Gas
Downgrade To Sell From Outperform
Target Raised To Rs 690

MS on HPCL
Overweight Call
Target Rs 363
--
CLSA on GAIL
Buy Call
Target Cut To Rs 180 From 200
--
CITI on Apollo Tyres
Buy Call
Target Rs 325

Citi on Cipla
Buy Call
Target Rs 1,140
--
Macquarie on Cipla
Outperform Rating
Target Raised to Rs 1,150
--
CLSA on Cipla
Buy Call
Target Raised to Rs 1,150 from 1,080
--
JP Morgan on Cipla
Neutral Call
Target Rs 800

HONEYWELL AUTOMATION Q1 : Net Profit Down 12 % To Rs 91.53 cr (QOQ), down 7 % YOY

Revenue Down 2 % To Rs 683 cr (QOQ), down 7 % YOY

EBITDA down 10 % To Rs 116.65 cr (QOQ), Down 16 % YOY

MAHINDRA AND MAHINDRA Q1 NET PROFIT : 856 cr EST 840 cr

MAHINDRA & MAHINDRA + MVML: Q1 CONS EBITDA RUPEES 1632 cr VS 570 cr (YOY)

Q1 EBITDA 14% VS 10.25%

MAHINDRA RECORDS HIGHEST EVER FARM EQUIPMENTS VOLUME

VOLTAS Q1FY22: Q1 CONS NET PROFIT 1.22B RUPEES VS 811M (YOY);EST 1.4B | 2.38B (QOQ)
EST: 1.4B

VOLTAS:Q1 EBITDA RUPEES 570 cr VS 54.54 cr (YOY); 306 cr (QOQ) ||

Q1 EBITDA MARGIN 32.1% VS 4.21% (YOY); 12.56% (QOQ)

TVS SRICHAKRA: Q1 CONS NET LOSS 327M RUPEES VS LOSS 372M (YOY); PROFIT 350M (QOQ)

ABBOTT INDIA: Q1 SL NET PROFIT 1.96B RUPEES VS 1.8B (YOY);EST 1.9B | 1.52B (QOQ) || Q1 REVENUE 12.18B RUPEES VS 10.64B (YOY); 10.96B (QOQ)

STRIDES PHARMA SCIENCE: Q1 CONS NET LOSS 208 cr VS 103 cr (YOY);EST 54 cr | 46.1 cr (QOQ)

Q1 REVENUE 688 cr VS 780 cr (YOY); 908 cr (QOQ)

STRIDES PHARMA:Q1 EBITDA RUPEES -468M VS 1.54B (YOY); 3.29B (QOQ) || Q1 EBITDA MARGIN -6.7% VS 19.81% (YOY); 36.27% (QOQ)

BEML NET LOSS 94 CR VS 130 CR LOSS

BEML: Q1 SL NET LOSS 928M RUPEES VS LOSS 1.33B (YOY);EST LOSS 730M | PROFIT 1.6B (QOQ)

BEML :Q1 EBITDA RUPEES -815M VS -1.20B (YOY); 1.77B (QOQ) || Q1 EBITDA MARGIN -18% VS -30.98 % (YOY); 9.98%(QOQ)

METROPOLIS: Q1 CONS NET PROFIT 74.9 cr RUPEES VS 2.9 cr (YOY); 61.3 cr (QOQ)

EST: 55 cr

METROPOLIS: Q1 REVENUE 327 cr VS 143 cr (YOY); 292 cr (QOQ)

#1QWithCNBCTV18 | Metropolis Health reports Q1 earnings
▶️Net profit at Rs 74.9 cr Vs Rs 2.9 cr (YoY)
▶️Revenue at Rs 326.8 cr Vs Rs 143.1 cr (YoY)
▶️EBITDA at Rs 102.4 cr Vs Rs 12.1 cr (YoY)
▶️EBITDA margin at 31.3% Vs 8.5% (YoY)

ALKEM LABORATORIES: Q1 CONS NET PROFIT 4.68B RUPEES VS 4.22B (YOY);EST 3.6B | 2.4B (QOQ)

EST: 3.6B

ALKEM LABORATORIES:Q1 EBITDA RUPEES 5.9B VS 5.33B (YOY); 2.91B (QOQ)

ALKEM SAYS SEE 60% GROWTH IN INDIA
61% GROWTH IN AMERICA

GRAPHITE INDIA: Q1 CONS NET PROFIT 150 cr VS LOSS 78 cr (YOY);EST PROFIT 71 cr | PROFIT 64 cr (QOQ)

EST: 71 cr

GRAPHITE INDIA:Q1 EBITDA RUPEES 140 cr VS -131 cr (YOY); 78 cr (QOQ) ||

Q1 EBITDA MARGIN 23% VS -32.03% (YOY); 13.81%(QOQ)

PATEL ENGINEERING LTD JUNE-QTR CONSOL NET LOSS AFTER TAX 4.5 MLN RUPEES VS LOSS 418.9 MLN RUPEES YR AGO

APOLLO TRICOT TUBES: CO APPROVES BONUS ISSUE IN RATIO 1:1

APOLLO TRICOAT TUBES:Q1 EBITDA RUPEES 698M VS 187M (YOY); 507.2M (QOQ) || Q1 EBITDA MARGIN 11.99% VS 10.80% (YOY); 10.84%(QOQ)

R SYSTEM: CO APPROVED THE PROPOSAL OF BUYBACK AT PRICE OF 225/SHARE


R SYSTEM: Q1 CONS NET PROFIT 461M RUPEES VS 159M (YOY); 248M (QOQ) || Q1 REVENUE 2.73B RUPEES VS 2.1B (YOY) 2.47B (QOQ)

MUTHOOT FINANCE: Q1 NET PROFIT 9.8B RUPEES VS 8.5B (YOY)

EST : 9.8B

APL APOLLO TUBES: Q1 CONS NET PROFIT 1.47B RUPEES VS 168M (YOY);EST 950M | 1.19B (QOQ)

APL APOLLO TUBES: CO APPROVES BONUS ISSUE IN RATIO 1:1

HINDALCO:Q1 EBITDA RUPEES 68B VS 47.50B (YOY); 56.55B (QOQ) || Q1 EBITDA MARGIN 16.42% VS 15.21% (YOY); 13.96% (QOQ)

HINDALCO INDUSTRIES: Q1 CONS NET PROFIT 28B RUPEES VS LOSS 7.1B (YOY);EST PROFIT 20B | PROFIT 19.28B (QOQ)

Voltas Q1 First Cut – Ebitda margin below estimates

·         Net profit Rs122cr (up 50% YoY) - expectation Rs143cr

·         Ebitda Rs135.8cr (up 102% YoY)– expectation Rs186cr

·         Other income 75cr (up 11% YoY) – expectation Rs40cr

·         Ebitda margin 7.9% vs 5.1% - expectation 9.1%

·         Income Rs1790cr (up 38% YoY) – expectation Rs1864cr

·         Electro-Mechanical Projects segment revenue Rs688cr (up 67% YoY)

M&M Q1 First Cut – Ebitda and Ebitda margin above expectation

·         Net profit Rs934cr  - expectation Rs835cr

·         Exceptional loss Rs78.46cr,

·         Ebitda Rs1631.6cr – expectation Rs1550.6cr

·         Ebitda margin 13.9% vs 10.3% - expectation 12.9%

·         Income Rs11763cr – expectation Rs12003.5cr

Cipla Q1 First Cut – Ebitda and Ebitda margin above estimates

·         Net profit Rs710cr (up 25% YoY) – Expectation Rs618c

·         Ebitda margin 24.5% vs 24.1% (YoY)– expectation 19.3%

·         Ebitda Rs1346cr (up 28% YoY) – expectation Rs1068cr

·         Income Rs5504cr (up 27% YoY) – Expectation Rs5533cr

RBI projects Consumer Price Inflation at 5.7% for FY22, 5.1% for FY23… RBI to extend deadline for on-tap TLTRO plan to December 31, 2021

 

·         The Reserve Bank of India (RBI) has projected the Consumer Price Inflation (CPI) at 5.7 percent for the financial year 2022 and 5.1 percent for FY23, governor Shaktikanta Das announced while discussing the outcomes of the third bi-monthly policy meet for the financial year 2021-22.

·         The RBI's Monetary Policy Committee unanimously voted to keep the repo rates unchanged at 4 percent until necessary to prioritise growth and keep the financial system in India healthy.

·         RBI to extend deadline for on-tap TLTRO plan to December 31, 2021

·         RBI to amend rules related to export credit in Foreign Currency

*Ratnamani Metals & Tubes Ltd.* | *CMP* Rs. 2143 | *M Cap* Rs. 10013 Cr | *52 W H/L* 2147/1025
(Nirmal Bang Retail Research)
*Result below expectation*
Revenue from Operations came at Rs. 526 Cr (-24.4% QoQ, -9% YoY) vs expectation of Rs. 581.3 Cr, QoQ Rs. 696.1 Cr, YoY Rs. 578.1 Cr
EBIDTA came at Rs. 84.6 Cr (-46.8% QoQ, 14.8% YoY) vs expectation of Rs. 96.6 Cr, QoQ Rs. 158.8 Cr, YoY Rs. 73.6 Cr
EBITDA Margin came at 16.1% vs expectation of 16.6%, QoQ 22.8%, YoY 12.7%
Adj. PAT came at Rs. 50.2 Cr vs expectation of Rs. 62.6 Cr, QoQ Rs. 109.4 Cr, YoY Rs. 49.7 Cr
Quarter EPS is Rs. 10.7
Share is trading at EV/EBITDA of 15.99 FY23E EBITDA

*Steel Authority Of India Ltd.* | *CMP* Rs. 141 | *M Cap* Rs. 58261 Cr | *52 W H/L* 151/33
(Nirmal Bang Retail Research)
Steel Volume came at 3.33mnt vs QoQ 4.42mnt, YoY 4.46mnt
*Result marginally above expectation*
Revenue from Operations came at Rs. 20642.4 Cr (-11.4% QoQ, 127.7% YoY) vs expectation of Rs. 20519.3 Cr, QoQ Rs. 23286 Cr, YoY Rs. 9067.5 Cr
Realisation/T came at Rs 62045 Cr vs QoQ Rs 52683 Cr, YoY Rs 20331 Cr
EBIDTA came at Rs. 6563.6 Cr (6.7% QoQ, -1729.5% YoY) vs expectation of Rs. 6185.9 Cr, QoQ Rs. 6152.9 Cr, YoY Rs. -402.8 Cr
EBITDA/T came at Rs 19728 Cr vs QoQ Rs 13921 Cr, YoY Rs -903 Cr *SAIL EBITDA/T increased by Rs.5808/T QoQ vs JSW standalone increase of Rs.6534/T and Tata BSL Rs.6197/T*
EBITDA Margin came at 31.8% vs expectation of 30.1%, QoQ 26.4%, YoY -4.4%
Adj. PAT came at Rs. 3850 Cr vs expectation of Rs. 3620.3 Cr, QoQ Rs. 3443.8 Cr, YoY Rs. -1270.3 Cr
Quarter EPS is Rs. 9.3
Share is trading at EV/EBITDA of 5.04 FY23E EBITDA

*AU SFB Q1FY22 Concall Update*
(Nirmal Bang Retail Research)

*Asset quality largely remains stable; Restructured book increases to 3.5% however collections show sharp improvement in June 2021*

*Outlook: Positive in long term*

• GNPA was stable at Rs. 1496 Cr vs QoQ Rs. 1503 Cr at 4.31% vs QoQ 4.25%. NNPA came at 2.26% vs QoQ 2.18%.
• GNPA in auto stood at 5.9% and in SBL at 4.2%. GNPA was lower in other segments.
• Bank has done Rs. 658 Cr (1.9%) of standard restructuring in Q1 taking total restructured book to Rs. 1265 Cr (3.5%).
• Although, collections saw sharp pullback as Covid wave-2 flattened; Collection efficiency was at 94% in April & May and increased to 114% in June month.
• Bank prudently made contingency provisions of Rs. 120 Cr during the quarter. Bank is carrying contingent provisions of Rs. 251 Cr (72 bps)
• Disbursements were at Rs. 1896 Cr vs QoQ Rs. 7421 Cr & YoY Rs. 1181 Cr.
• AUM stands at Rs. 37,014 Cr (+23% YoY, +5% QoQ).
• Bank grew its housing book AUM by 152% (5% of total) on a low base and this will continue to grow at the fastest rate among all segments as AU has a decade long experience here (Aavas was sold by AU in 2016 after successfully scaling it up).
• AU is the only SFB to have launched credit cards.
• Bank has onboarded Amir Khan & Kiara Advani as brand ambassadors.

Share is trading at P/E 32x FY23E EPS and trailing P/Adj BV of 7.1x

*City Union Bank Ltd.* | *CMP* Rs. 153 | *M Cap* Rs. 11304 Cr | *52 W H/L* 200/116
(Nirmal Bang Retail Research)
*Result is in-line with expectations* - Slippages came on higher side at 5.3% while restructured book increased marginally
Net Interest Income came at Rs. 448 Cr vs expectation of Rs. 472 Cr, YoY Rs. 437 Cr, QoQ Rs. 429 Cr
Non Interest Income came at Rs. 196 Cr vs expectation of Rs. 152 Cr, YoY Rs. 161 Cr, QoQ Rs. 145 Cr
PBP came at Rs. 383 Cr vs expectation of Rs. 358 Cr, YoY Rs. 356 Cr, QoQ Rs. 285 Cr
Provisions came at Rs. 170 Cr vs expectation of Rs. 153 Cr, YoY Rs. 157 Cr, QoQ Rs. 239 Cr
Adj. PAT came at Rs. 173 Cr vs expectation of Rs. 124 Cr, YoY Rs. 154 Cr, QoQ Rs. 111 Cr
Gross NPA came at Rs. 2035 Cr vs QoQ Rs. 1893 Cr at 5.59% vs QoQ 5.11%
Net NPA came at Rs. 1242 Cr vs QoQ Rs. 1075 Cr at 3.49% vs QoQ 2.97%
Slippages came at Rs. 482.2 Cr or 5.3% vs 3.1% for FY21.
Restructured book increased to Rs. 1984 Cr (5.5%) vs QoQ Rs. 1849 Cr (5.1%) & YoY Rs. 388 Cr (1.1%)
Quarter EPS is Rs. 2.3
Share is trading at P/E of 12.3x FY23E EPS & 2.4x trailing P/Adj. BV

Dear All,

Nirmal Bang is inviting you to a Zoom webinar.
When: Aug 9, 2021 08:45 AM India
Topic: Morning Market Update

Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_WnZgNk0-TfuLtKwyVMbhMw


After registering, you will receive a confirmation email containing information about joining the webinar.

▪️BEL Q1 : Cons. Net Profit Down 98 % To Rs 24.3 cr (QOQ), Down 55 % YOY

Revenue down 77 % To Rs 1575 cr (QOQ), down 4 % YOY

EBITDA loss Of Rs 3.44 cr V Rs 1832 cr Qoq, Rs 112 cr YOY

▪️BSE Q1 : Cons. net profit up 63 % To Rs 51.87 cr (QOQ), Up 60 % YOY

Revenue Up 3 % To Rs 156.94 cr (QOQ), Up 52 % YOY

EBITDA Up 11 % To Rs 41.3 cr (QOQ), Rs 13.77 cr EBITDA lozss YOY

▪️Balkrishna IND. Q1 : Cons. Net Profit down 13 % To Rs 331 cr (QOQ), Up 152 % Yoy

Revenue Up 3 % To Rs 1802 cr (QOQ), Up 91 % YOY

EBITDA down 7 % To Rs 510 cr (QOQ), Up 113 % YOY

▪️INDIGO PAINTS Q1 : Cons. Net Profit Down 53 % To Rs 11.6 cr ( QOQ) , Up 38 % YOY

Revenue down 39 % To Rs 143 cr ( QOQ), Up 49 % YOY

EBITDA Down 54 % To Rs 20.2 cr ( QOQ), Up 6 Yoy

*Tata Power Company Ltd.* | *CMP* Rs. 135 | *M Cap* Rs. 43185 Cr | *52 W H/L* 135.15/48
(Nirmal Bang Retail Research)
*Result ahead of Expectation*
Revenue from Operations came at Rs. 9968 Cr (-1.6% QoQ, 54.5% YoY) vs expectation of Rs. 9335.3 Cr, QoQ Rs. 10127.4 Cr, YoY Rs. 6453 Cr
EBIDTA came at Rs. 2324.5 Cr (47.8% QoQ, 19.2% YoY) vs expectation of Rs. 1825.1 Cr, QoQ Rs. 1573.1 Cr, YoY Rs. 1949.8 Cr
EBITDA Margin came at 23.3% vs expectation of 19.6%, QoQ 15.5%, YoY 30.2%
Adj. PAT came at Rs. 391 Cr vs expectation of Rs. 347.2 Cr, QoQ Rs. 392.9 Cr, YoY Rs. 206.6 Cr
Quarter EPS is Rs. 1.2
Share is trading at P/E of 23.2x FY22E EPS

MARKET WIZARD NEWSLETTER ISSUE 22

🎯Fundamental Stocks

▶️ Aarti Drugs
▶️ Hindustan Media Ventures
▶️ TV 18 Broadcast
▶️ *UFO Moviez - Special Pick*
▶️ Valiant Organics
▶️ Wonderla Holidays


🎯Technical Stocks

▶️ Marathon Nextgen Realty
▶️ Shivam Autotech
▶️ Skipper

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