*Globus Spirits Ltd.* | *CMP* Rs. 738 | *M Cap* Rs. 2126 Cr | *52 W H/L* 783/118
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 370.5 Cr (3.9% QoQ, 61% YoY) vs QoQ Rs. 356.7 Cr, YoY Rs. 230.1 Cr
EBIDTA came at Rs. 98.1 Cr (11.6% QoQ, 149.6% YoY) vs QoQ Rs. 87.9 Cr, YoY Rs. 39.3 Cr
EBITDA Margin came at 26.5% vs QoQ 24.7%, YoY 17.1%
Adj. PAT came at Rs. 55.7 Cr vs QoQ Rs. 50.6 Cr, YoY Rs. 18.7 Cr
Quarter EPS is Rs. 19.3
Share is trading at P/E of 12x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 370.5 Cr (3.9% QoQ, 61% YoY) vs QoQ Rs. 356.7 Cr, YoY Rs. 230.1 Cr
EBIDTA came at Rs. 98.1 Cr (11.6% QoQ, 149.6% YoY) vs QoQ Rs. 87.9 Cr, YoY Rs. 39.3 Cr
EBITDA Margin came at 26.5% vs QoQ 24.7%, YoY 17.1%
Adj. PAT came at Rs. 55.7 Cr vs QoQ Rs. 50.6 Cr, YoY Rs. 18.7 Cr
Quarter EPS is Rs. 19.3
Share is trading at P/E of 12x TTM EPS
*Astral Ltd.* | *CMP* Rs. 2248 | *M Cap* Rs. 45164 Cr | *52 W H/L* 2248/687
(Nirmal Bang Retail Research)
*Result below expectation* *But still batter than its peer, most of the peer saw volume de grwoth yoy but Astral saw volume growth of 13% yoy in Pipe division*
Revenue from Operations came at Rs. 700.1 Cr (-37.9% QoQ, 73.3% YoY) vs expectation of Rs. 768.9 Cr, QoQ Rs. 1127.8 Cr, YoY Rs. 403.9 Cr
EBIDTA came at Rs. 129.4 Cr (-49.2% QoQ, 138.3% YoY) vs expectation of Rs. 152 Cr, QoQ Rs. 254.6 Cr, YoY Rs. 54.3 Cr
EBITDA Margin came at 18.5% vs expectation of 19.8%, QoQ 22.6%, YoY 13.4%
Adj. PAT came at Rs. 75.1 Cr vs expectation of Rs. 83.1 Cr, QoQ Rs. 174.6 Cr, YoY Rs. 19.9 Cr
Quarter EPS is Rs. 3.7
Share is trading at P/E of 96.3x FY22E EPS
(Nirmal Bang Retail Research)
*Result below expectation* *But still batter than its peer, most of the peer saw volume de grwoth yoy but Astral saw volume growth of 13% yoy in Pipe division*
Revenue from Operations came at Rs. 700.1 Cr (-37.9% QoQ, 73.3% YoY) vs expectation of Rs. 768.9 Cr, QoQ Rs. 1127.8 Cr, YoY Rs. 403.9 Cr
EBIDTA came at Rs. 129.4 Cr (-49.2% QoQ, 138.3% YoY) vs expectation of Rs. 152 Cr, QoQ Rs. 254.6 Cr, YoY Rs. 54.3 Cr
EBITDA Margin came at 18.5% vs expectation of 19.8%, QoQ 22.6%, YoY 13.4%
Adj. PAT came at Rs. 75.1 Cr vs expectation of Rs. 83.1 Cr, QoQ Rs. 174.6 Cr, YoY Rs. 19.9 Cr
Quarter EPS is Rs. 3.7
Share is trading at P/E of 96.3x FY22E EPS
*Torrent Power Ltd.* | *CMP* Rs. 475 | *M Cap* Rs. 22829 Cr | *52 W H/L* 509/293
(Nirmal Bang Retail Research)
*Result below expectation*
Revenue from Operations came at Rs. 3098.9 Cr (0.5% QoQ, 3.1% YoY) vs expectation of Rs. 3094.2 Cr, QoQ Rs. 3084.1 Cr, YoY Rs. 3007.1 Cr
EBIDTA came at Rs. 728.1 Cr (-20.4% QoQ, -24.9% YoY) vs expectation of Rs. 910.9 Cr, QoQ Rs. 914.5 Cr, YoY Rs. 969.4 Cr
EBITDA Margin came at 23.5% vs expectation of 29.4%, QoQ 29.7%, YoY 32.2%
Adj. PAT came at Rs. 206.6 Cr vs expectation of Rs. 339.5 Cr, QoQ Rs. 396.9 Cr, YoY Rs. 372.7 Cr
Quarter EPS is Rs. 4.3
Share is trading at P/E of 15.5x FY22E EPS
(Nirmal Bang Retail Research)
*Result below expectation*
Revenue from Operations came at Rs. 3098.9 Cr (0.5% QoQ, 3.1% YoY) vs expectation of Rs. 3094.2 Cr, QoQ Rs. 3084.1 Cr, YoY Rs. 3007.1 Cr
EBIDTA came at Rs. 728.1 Cr (-20.4% QoQ, -24.9% YoY) vs expectation of Rs. 910.9 Cr, QoQ Rs. 914.5 Cr, YoY Rs. 969.4 Cr
EBITDA Margin came at 23.5% vs expectation of 29.4%, QoQ 29.7%, YoY 32.2%
Adj. PAT came at Rs. 206.6 Cr vs expectation of Rs. 339.5 Cr, QoQ Rs. 396.9 Cr, YoY Rs. 372.7 Cr
Quarter EPS is Rs. 4.3
Share is trading at P/E of 15.5x FY22E EPS
*Sona BLW Precision Forgings Ltd.* | *CMP* Rs. 412 | *M Cap* Rs. 24032 Cr | *52 W H/L* 457/295
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 500.7 Cr (-7.2% QoQ, 226.5% YoY) vs QoQ Rs. 539.3 Cr, YoY Rs. 153.4 Cr
EBIDTA came at Rs. 138.7 Cr (-1% QoQ, 375.1% YoY) vs QoQ Rs. 140.1 Cr, YoY Rs. 29.2 Cr
EBITDA Margin came at 27.7% vs QoQ 26%, YoY 19%
Adj. PAT came at Rs. 69 Cr vs QoQ Rs. 73.6 Cr, YoY Rs. -0.1 Cr
Quarter EPS is Rs. 1.2
Share is trading at P/E of 87x Q1FY22 annualised EPS
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 500.7 Cr (-7.2% QoQ, 226.5% YoY) vs QoQ Rs. 539.3 Cr, YoY Rs. 153.4 Cr
EBIDTA came at Rs. 138.7 Cr (-1% QoQ, 375.1% YoY) vs QoQ Rs. 140.1 Cr, YoY Rs. 29.2 Cr
EBITDA Margin came at 27.7% vs QoQ 26%, YoY 19%
Adj. PAT came at Rs. 69 Cr vs QoQ Rs. 73.6 Cr, YoY Rs. -0.1 Cr
Quarter EPS is Rs. 1.2
Share is trading at P/E of 87x Q1FY22 annualised EPS
*Alkem Laboratories Ltd.* | *CMP* Rs. 3472 | *M Cap* Rs. 41513 Cr | *52 W H/L* 3603/2415
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 2731.4 Cr (24.6% QoQ, 36.3% YoY) vs expectation of Rs. 2272.9 Cr, QoQ Rs. 2192.2 Cr, YoY Rs. 2003.5 Cr
EBIDTA came at Rs. 592.9 Cr (103.7% QoQ, 11.2% YoY) vs expectation of Rs. 472.3 Cr, QoQ Rs. 291.1 Cr, YoY Rs. 533.2 Cr
EBITDA Margin came at 21.7% vs expectation of 20.8%, QoQ 13.3%, YoY 26.6%
Adj. PAT came at Rs. 480.2 Cr vs expectation of Rs. 366.4 Cr, QoQ Rs. 240 Cr, YoY Rs. 422 Cr
Quarter EPS is Rs. 40.2
Share is trading at P/E of 26.6x FY22E EPS
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 2731.4 Cr (24.6% QoQ, 36.3% YoY) vs expectation of Rs. 2272.9 Cr, QoQ Rs. 2192.2 Cr, YoY Rs. 2003.5 Cr
EBIDTA came at Rs. 592.9 Cr (103.7% QoQ, 11.2% YoY) vs expectation of Rs. 472.3 Cr, QoQ Rs. 291.1 Cr, YoY Rs. 533.2 Cr
EBITDA Margin came at 21.7% vs expectation of 20.8%, QoQ 13.3%, YoY 26.6%
Adj. PAT came at Rs. 480.2 Cr vs expectation of Rs. 366.4 Cr, QoQ Rs. 240 Cr, YoY Rs. 422 Cr
Quarter EPS is Rs. 40.2
Share is trading at P/E of 26.6x FY22E EPS
*IG Petrochemicals Ltd.* | *CMP* Rs. 707 | *M Cap* Rs. 2177 Cr | *52 W H/L* 715/150
(Nirmal Bang Retail Research)
*Result is declining* Gross margin declined from 47% to 36.5% QoQ
Revenue from Operations came at Rs. 387.5 Cr (-8.7% QoQ, 172.7% YoY) vs QoQ Rs. 424.4 Cr, YoY Rs. 142.1 Cr
EBIDTA came at Rs. 83.8 Cr (-42.1% QoQ, 433.6% YoY) vs QoQ Rs. 144.8 Cr, YoY Rs. 15.7 Cr
EBITDA Margin came at 21.6% vs QoQ 34.1%, YoY 11%
Adj. PAT came at Rs. 51.5 Cr vs QoQ Rs. 99.9 Cr, YoY Rs. 2.8 Cr
Quarter EPS is Rs. 16.7
Share is trading at P/E of 9.2x TTM EPS
(Nirmal Bang Retail Research)
*Result is declining* Gross margin declined from 47% to 36.5% QoQ
Revenue from Operations came at Rs. 387.5 Cr (-8.7% QoQ, 172.7% YoY) vs QoQ Rs. 424.4 Cr, YoY Rs. 142.1 Cr
EBIDTA came at Rs. 83.8 Cr (-42.1% QoQ, 433.6% YoY) vs QoQ Rs. 144.8 Cr, YoY Rs. 15.7 Cr
EBITDA Margin came at 21.6% vs QoQ 34.1%, YoY 11%
Adj. PAT came at Rs. 51.5 Cr vs QoQ Rs. 99.9 Cr, YoY Rs. 2.8 Cr
Quarter EPS is Rs. 16.7
Share is trading at P/E of 9.2x TTM EPS
*Indigo Paints Ltd.* | *CMP* Rs. 2624 | *M Cap* Rs. 12482 Cr | *52 W H/L* 3348/2192
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 156 Cr (-38.6% QoQ, 49.2% YoY) vs QoQ Rs. 254.3 Cr, YoY Rs. 104.6 Cr
EBIDTA came at Rs. 20.2 Cr (-53% QoQ, 6.1% YoY) vs QoQ Rs. 42.9 Cr, YoY Rs. 19 Cr
EBITDA Margin came at 12.9% vs QoQ 16.9%, YoY 18.2%
Adj. PAT came at Rs. 11.6 Cr vs QoQ Rs. 24.9 Cr, YoY Rs. 8.4 Cr
Quarter EPS is Rs. 2.4
Share is trading at P/E of 107.3x FY22E EPS
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 156 Cr (-38.6% QoQ, 49.2% YoY) vs QoQ Rs. 254.3 Cr, YoY Rs. 104.6 Cr
EBIDTA came at Rs. 20.2 Cr (-53% QoQ, 6.1% YoY) vs QoQ Rs. 42.9 Cr, YoY Rs. 19 Cr
EBITDA Margin came at 12.9% vs QoQ 16.9%, YoY 18.2%
Adj. PAT came at Rs. 11.6 Cr vs QoQ Rs. 24.9 Cr, YoY Rs. 8.4 Cr
Quarter EPS is Rs. 2.4
Share is trading at P/E of 107.3x FY22E EPS
*Divi's Laboratories Ltd.* | *CMP* Rs. 4916 | *M Cap* Rs. 130504 Cr | *52 W H/L* 4945/2332
(Nirmal Bang Retail Research)
*Result ahead of Expectation*
Revenue from Operations came at Rs. 1960.6 Cr (9.6% QoQ, 13.3% YoY) vs expectation of Rs. 2000.7 Cr, QoQ Rs. 1788.2 Cr, YoY Rs. 1730.5 Cr
EBIDTA came at Rs. 852.1 Cr (19% QoQ, 21.7% YoY) vs expectation of Rs. 826.7 Cr, QoQ Rs. 716.3 Cr, YoY Rs. 700.1 Cr
EBITDA Margin came at 43.5% vs expectation of 41.3%, QoQ 40.1%, YoY 40.5%
Adj. PAT came at Rs. 557.1 Cr vs expectation of Rs. 581.9 Cr, QoQ Rs. 502 Cr, YoY Rs. 492.1 Cr
Quarter EPS is Rs. 21
Share is trading at P/E of 52.8x FY22E EPS
(Nirmal Bang Retail Research)
*Result ahead of Expectation*
Revenue from Operations came at Rs. 1960.6 Cr (9.6% QoQ, 13.3% YoY) vs expectation of Rs. 2000.7 Cr, QoQ Rs. 1788.2 Cr, YoY Rs. 1730.5 Cr
EBIDTA came at Rs. 852.1 Cr (19% QoQ, 21.7% YoY) vs expectation of Rs. 826.7 Cr, QoQ Rs. 716.3 Cr, YoY Rs. 700.1 Cr
EBITDA Margin came at 43.5% vs expectation of 41.3%, QoQ 40.1%, YoY 40.5%
Adj. PAT came at Rs. 557.1 Cr vs expectation of Rs. 581.9 Cr, QoQ Rs. 502 Cr, YoY Rs. 492.1 Cr
Quarter EPS is Rs. 21
Share is trading at P/E of 52.8x FY22E EPS
*SH Kelkar And Company Ltd.* | *CMP* Rs. 172 | *M Cap* Rs. 2431 Cr | *52 W H/L* 190/71
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 355.5 Cr (-10.4% QoQ, 84.7% YoY) vs QoQ Rs. 397 Cr, YoY Rs. 192.5 Cr
EBIDTA came at Rs. 41.4 Cr (-38.3% QoQ, 33.8% YoY) vs QoQ Rs. 67.1 Cr, YoY Rs. 31 Cr
EBITDA Margin came at 11.7% vs QoQ 16.9%, YoY 16.1%
Adj. PAT came at Rs. 81.5 Cr vs QoQ Rs. 40.1 Cr, YoY Rs. 15.3 Cr, Higher PAT is on account of Tax W/back
Quarter EPS is Rs. 5.8
Share is trading at P/E of 16.1x FY22E EPS
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 355.5 Cr (-10.4% QoQ, 84.7% YoY) vs QoQ Rs. 397 Cr, YoY Rs. 192.5 Cr
EBIDTA came at Rs. 41.4 Cr (-38.3% QoQ, 33.8% YoY) vs QoQ Rs. 67.1 Cr, YoY Rs. 31 Cr
EBITDA Margin came at 11.7% vs QoQ 16.9%, YoY 16.1%
Adj. PAT came at Rs. 81.5 Cr vs QoQ Rs. 40.1 Cr, YoY Rs. 15.3 Cr, Higher PAT is on account of Tax W/back
Quarter EPS is Rs. 5.8
Share is trading at P/E of 16.1x FY22E EPS
*SAIL Q1FY22 Concall update*
*Outlook – Neutral*
*Realisation has corrected in July though Average realisation in Q2 will be still marginally higher, Coking coal Cost increase will start getting reflected and volume is expected to normalise to 4.1-4.2mnT in Q2. Higher volume and stable average realisation is likely to compensate increase in Coking Coal cost in Q2*
• Crude steel production was lower in Q1 mainly due to 2nd wave and repairs at blast furnace in ISP for 23 days.
• Volume were lower as the demand was muted due to lockdown.
• Sales Guidance: The management is confident of achieving 16 mnt to 16.5 mnt of sales in FY22.
• Net sales realisations for flats stood at around Rs 59569/t in Q1 and for longs at Rs 50120/t. Whereas, in Q4 realisation for flats stood at Rs 50419 and for longs at around Rs 46,730/t.
• Inventory increased by 0.23 mnt at 0.92 mnt in Q1.
• The coke rate stood around 456 kg/thm in Q1FY'22. Coke rates are higher due to older blast furnaces.
• Domestic prices reported a decline in flat and long products in July. The quantum was more for longs as compared to flats due to a slowdown in demand. However, demand is expected to pick up from September onwards but whether that will be accompanied by price rise or not is uncertain.
• *Capacity expansion plans:* The company has entered a new phase of expansion plans whereby it is planning to set up 14-15 mnt of additional capacity in its three plants and construction to start in the next 15-18 months. The three plants where this is being planned are Bokaro Steel Plant, Rourkela Steel Plant, and Burnpur IISCO where enough land is available.
• *Capex for FY22*: Target given by Govt is Rs.8000cr. Company expect capex of over Rs.6000 but will not be able to reach Rs.8000cr
• Share is trading at EV/EBITDA of 5.04 FY23E EBITDA
*Outlook – Neutral*
*Realisation has corrected in July though Average realisation in Q2 will be still marginally higher, Coking coal Cost increase will start getting reflected and volume is expected to normalise to 4.1-4.2mnT in Q2. Higher volume and stable average realisation is likely to compensate increase in Coking Coal cost in Q2*
• Crude steel production was lower in Q1 mainly due to 2nd wave and repairs at blast furnace in ISP for 23 days.
• Volume were lower as the demand was muted due to lockdown.
• Sales Guidance: The management is confident of achieving 16 mnt to 16.5 mnt of sales in FY22.
• Net sales realisations for flats stood at around Rs 59569/t in Q1 and for longs at Rs 50120/t. Whereas, in Q4 realisation for flats stood at Rs 50419 and for longs at around Rs 46,730/t.
• Inventory increased by 0.23 mnt at 0.92 mnt in Q1.
• The coke rate stood around 456 kg/thm in Q1FY'22. Coke rates are higher due to older blast furnaces.
• Domestic prices reported a decline in flat and long products in July. The quantum was more for longs as compared to flats due to a slowdown in demand. However, demand is expected to pick up from September onwards but whether that will be accompanied by price rise or not is uncertain.
• *Capacity expansion plans:* The company has entered a new phase of expansion plans whereby it is planning to set up 14-15 mnt of additional capacity in its three plants and construction to start in the next 15-18 months. The three plants where this is being planned are Bokaro Steel Plant, Rourkela Steel Plant, and Burnpur IISCO where enough land is available.
• *Capex for FY22*: Target given by Govt is Rs.8000cr. Company expect capex of over Rs.6000 but will not be able to reach Rs.8000cr
• Share is trading at EV/EBITDA of 5.04 FY23E EBITDA
*Good Morning*
• India Aims to Raise Its Share in Global Supply Chain: Modi
• Indian, Chinese Troops Pull Back Near Site of Deadly Clash
• Indian Consumers Downbeat on Economic Prospects: RBI Survey
• India Eases Lock-In Rules for Founder, VC Holdings as IPOs Boom
• Tesla’s Call for India Tax Cut Wins Backers in Mahindra, Hyundai
o ‘Any cut in duties will help markets,’: Mahindra CEO Shah
• Amazon Wins Court Battle Over Ambani’s $3.4 Billion Retail Deal
o India court says a Singapore arbitrator’s decision is binding
• Hindalco Posts Record Quarterly Profit as Global Demand Jumps
• Bank of Baroda Profit Beats Estimates on Lower Interest Expenses
• Twitter Says Has Appointed Officials to Comply With India Rules
• ADB Approves $300m Loan as Addl Support for India Rural Roads
• India Forex Reserves Rise $9.4b to $620.6b in Week to July 30
•
o India Official Reserves Rise to Record in July
• India Once Again Rejects Bids for Benchmark Bond as Yields Surge
o 5-year bonds fall as RBI tightens cash, raises CPI forecast
• Global Funds Sell Net INR693.2m of India Stocks on Aug. 6: NSE
o Domestic funds sell net 6.31b rupees of stocks
• Foreign Investors Sell Net INR5.43B of Indian Equities on Aug. 5
• Foreigners Sell Net INR23.9B of Indian Equity Derivatives Aug. 6
• Aarti Industries (ARTO): 1Q net income 1.65b rupees vs. 818.6m y/y, beats est. 1.46b
• Adani Enterprises (ADE): Forms unit Noida Data Center Ltd.
• Affle India (AFFLE): 1Q net income 358.9m rupees vs. 187.7 rupees y/y
• APL Apollo Tubes (APAT): To give one free share for each held
• Astral (ASTRA): 1Q net income 739m rupees vs. 199m y/y, est. 831.3m
• Axis Bank (AXSB): Has INR6.48b exposure to Future group companies
• Balkrishna Industries (BIL): 1Q net income 3.31b rupees vs. 1.22b y/y, est. 3.29b
• Bank of Baroda (BOB): 1Q net income 12.1b rupees vs. loss 8.64b y/y, est. 9.90b, Provisions 41.1b; Gross NPA 8.86% vs. 8.87% q/q
• Bharat Electronics (BHE): 1Q net income 111.5m rupees vs. 541.3m y/y; revenue -2.4% y/y to 16.3b, est. 24.90b
• City Union Bank (CUBK): 1Q net income +10% y/y to 1.7b rupees, est. 1.22b
• DCB Bank (DCBB): 1Q net income -57% y/y to 337.6m rupees, est. 748.8m; Gross NPA 4.87% vs. 4.09% q/q
• Dish TV (DITV): Yes Bank invoked pledge on 24.19% stake in Dish TV
• Divi’s Labs (DIVI): 1Q net income +13% y/y to 5.57b rupees, est. 5.82b; revenue +13% y/y to 19.6b
• Grasim (GRASIM): CCI says no new penalty put on Grasim as INR3.02b already imposed; Abused dominant state in supply of VSF to spinners
• Karnataka Bank (KBL): Gets empaneled by RBI for govt businesses
• National Aluminium (NACL): 1Q net income 3.48b rupees vs. 166.3m rupees y/y, est. 4.41b
• Phoenix Mills (PHNX): 1Q net loss 262m rupees, est. loss 189.3m
• SpiceJet (SJET): Has INR1.42B of claims against Airports Authority
• Steel Authority (SAIL): 1Q net income 38.5b rupees vs. loss 12.70b y/y, beats est. 36.20b
• Suzlon Energy (SUEL): To Considerup to INR10b securities issue Aug. 13
• Tata Power (TPWR): 1Q net income +89% y/y to 3.91b rupees, est. 3.47b; revenue +55% y/y to 99.7b
• Torrent Power (TPW): 1Q net income -45% y/y to 2.07b rupees, est. 3.39b
• Ujjivan Small Finance (UJJIVANS): 1Q net loss 2.33b rupees vs. profit 546.5m y/y, est. profit 685.8m
• VRL Logistics (VRLL): 1Q net loss 60.4m rupees, est. loss 46.0m
• Zee Entertainment (Z): 1Q net income 2.14b rupees vs. 303.7m y/y, est. 2.16b;
• India Aims to Raise Its Share in Global Supply Chain: Modi
• Indian, Chinese Troops Pull Back Near Site of Deadly Clash
• Indian Consumers Downbeat on Economic Prospects: RBI Survey
• India Eases Lock-In Rules for Founder, VC Holdings as IPOs Boom
• Tesla’s Call for India Tax Cut Wins Backers in Mahindra, Hyundai
o ‘Any cut in duties will help markets,’: Mahindra CEO Shah
• Amazon Wins Court Battle Over Ambani’s $3.4 Billion Retail Deal
o India court says a Singapore arbitrator’s decision is binding
• Hindalco Posts Record Quarterly Profit as Global Demand Jumps
• Bank of Baroda Profit Beats Estimates on Lower Interest Expenses
• Twitter Says Has Appointed Officials to Comply With India Rules
• ADB Approves $300m Loan as Addl Support for India Rural Roads
• India Forex Reserves Rise $9.4b to $620.6b in Week to July 30
•
o India Official Reserves Rise to Record in July
• India Once Again Rejects Bids for Benchmark Bond as Yields Surge
o 5-year bonds fall as RBI tightens cash, raises CPI forecast
• Global Funds Sell Net INR693.2m of India Stocks on Aug. 6: NSE
o Domestic funds sell net 6.31b rupees of stocks
• Foreign Investors Sell Net INR5.43B of Indian Equities on Aug. 5
• Foreigners Sell Net INR23.9B of Indian Equity Derivatives Aug. 6
• Aarti Industries (ARTO): 1Q net income 1.65b rupees vs. 818.6m y/y, beats est. 1.46b
• Adani Enterprises (ADE): Forms unit Noida Data Center Ltd.
• Affle India (AFFLE): 1Q net income 358.9m rupees vs. 187.7 rupees y/y
• APL Apollo Tubes (APAT): To give one free share for each held
• Astral (ASTRA): 1Q net income 739m rupees vs. 199m y/y, est. 831.3m
• Axis Bank (AXSB): Has INR6.48b exposure to Future group companies
• Balkrishna Industries (BIL): 1Q net income 3.31b rupees vs. 1.22b y/y, est. 3.29b
• Bank of Baroda (BOB): 1Q net income 12.1b rupees vs. loss 8.64b y/y, est. 9.90b, Provisions 41.1b; Gross NPA 8.86% vs. 8.87% q/q
• Bharat Electronics (BHE): 1Q net income 111.5m rupees vs. 541.3m y/y; revenue -2.4% y/y to 16.3b, est. 24.90b
• City Union Bank (CUBK): 1Q net income +10% y/y to 1.7b rupees, est. 1.22b
• DCB Bank (DCBB): 1Q net income -57% y/y to 337.6m rupees, est. 748.8m; Gross NPA 4.87% vs. 4.09% q/q
• Dish TV (DITV): Yes Bank invoked pledge on 24.19% stake in Dish TV
• Divi’s Labs (DIVI): 1Q net income +13% y/y to 5.57b rupees, est. 5.82b; revenue +13% y/y to 19.6b
• Grasim (GRASIM): CCI says no new penalty put on Grasim as INR3.02b already imposed; Abused dominant state in supply of VSF to spinners
• Karnataka Bank (KBL): Gets empaneled by RBI for govt businesses
• National Aluminium (NACL): 1Q net income 3.48b rupees vs. 166.3m rupees y/y, est. 4.41b
• Phoenix Mills (PHNX): 1Q net loss 262m rupees, est. loss 189.3m
• SpiceJet (SJET): Has INR1.42B of claims against Airports Authority
• Steel Authority (SAIL): 1Q net income 38.5b rupees vs. loss 12.70b y/y, beats est. 36.20b
• Suzlon Energy (SUEL): To Considerup to INR10b securities issue Aug. 13
• Tata Power (TPWR): 1Q net income +89% y/y to 3.91b rupees, est. 3.47b; revenue +55% y/y to 99.7b
• Torrent Power (TPW): 1Q net income -45% y/y to 2.07b rupees, est. 3.39b
• Ujjivan Small Finance (UJJIVANS): 1Q net loss 2.33b rupees vs. profit 546.5m y/y, est. profit 685.8m
• VRL Logistics (VRLL): 1Q net loss 60.4m rupees, est. loss 46.0m
• Zee Entertainment (Z): 1Q net income 2.14b rupees vs. 303.7m y/y, est. 2.16b;
*SGX Nifty -70 pts (16197) from last trade 16267*
Nikkei clsd ,
Hangseng -210 pts ,
Now @6.57am .
Dow +144.26 pts ,Nsdq -59.35 pts, S&P +7.42 pts, Bovespa +1177 pts , Ftse +2 pts , Dax +16 pts , Cac +35 pts , Crude @ $67.05 brl (-1.24), Brent @ $69.48 brl (-1.32) , Gold @ 1725.30 (-37.60), Silver @ $23.72 (-0.60), Euro @ $1.1775, JPY @ $110.24, INR @ 74.265
*Today's Corporate Action*
*9th Aug Ex Date*
ALKEM
Final Dividend - Rs. - 5.0000
ALPHALOGIC
Bonus issue 27:10
ANUP
Final Dividend - Rs. - 7.0000
ATFL
Final Dividend - Rs. - 3.0000
CIPLA
Dividend - Rs. - 5.0000
COFORGE
Interim Dividend - Rs. - 13.0000
CSLFINANCE
Bonus issue 2:1
EARUM
Bonus issue 1:1
EICHERMOT
Final Dividend - Rs. - 17.0000
GRAPHITE
Dividend - Rs. - 5.0000
HAWKINCOOK
Interim Dividend - Rs. - 90.0000
PERMAGN
Dividend - Rs. - 1.0000
PIXTRANS
Final Dividend - Rs. - 5.0000
WELCORP
Final Dividend - Rs. - 5.0000
*Today's Key Results/Board Meetings*
*9-Aug-21*
7TEC
Interim Dividend;A.G.M.; Quarterly Results
ABVL
Quarterly Results
AGRITECH
Quarterly Results
ALFAICA
Quarterly Results
ALPHAGEO
A.G.M.;Quarterly Results
AMBARPIL
General;Quarterly Results
ASTRAZEN
Interim Dividend; Quarterly Results
AUTOAXLES
Quarterly Results
BALRAMCHIN
Buy Back of Shares;Quarterly Results
BFLAFL
Quarterly Results
BHARATWIRE
Quarterly Results
BIRLATYRES
Quarterly Results
BKV
Quarterly Results
BLSINFOTE
Quarterly Results
BOMDYEING
Quarterly Results
CAPFIN
General;Quarterly Results
CHARMS
A.G.M.;General;Quarterly Results
CHEMCON
A.G.M.;General;Quarterly Results
CHEMTECH
Quarterly Results
CIL
Quarterly Results
CLEAN
Quarterly Results
COARO
Quarterly Results
COMPUPN
Quarterly Results
COROENGG
Quarterly Results
CRANEINFRA
Quarterly Results
CTL
Quarterly Results
DAL
General;Quarterly Results
DHANROTO
Quarterly Results
DHPIND
Voluntary Delisting of Shares;Quarterly Results
DHRUV
A.G.M.;General
DIVSHKT
Quarterly Results
DUKEOFS
General;Quarterly Results
ESTER
Quarterly Results
FISCHER
Quarterly Results
GANGESSEC
Quarterly Results
GARODCH
General;Quarterly Results
GARWSYN
Quarterly Results
GATI
Quarterly Results
GAYAHWS
Quarterly Results
GCCLINP
Quarterly Results
GENUSPAPER
Quarterly Results
GENUSPRIME
Quarterly Results
GRATEXI
Quarterly Results
GSPL
Quarterly Results
GUJCOTEX
Quarterly Results
HGS
Interim Dividend; Quarterly Results
HINDNATGLS
Quarterly Results
HITECHGEAR
Quarterly Results
IFBAGRO
Quarterly Results
IGARASHI
Quarterly Results
INCREDIBLE
Quarterly Results
INDHOTEL
General;Quarterly Results
INDOTECH
Quarterly Results
INDRAMEDCO
Quarterly Results
INSPIRISYS
Quarterly Results
INTLCOMBQ
Quarterly Results
JETAIRWAYS
Quarterly Results
JSGLEASING
Quarterly Results
JSTL
Quarterly Results
KAKTEX
Quarterly Results
KAMDHENU
Quarterly Results
KEDIACN
Quarterly Results
KIRANVYPAR
Voluntary Delisting of Shares;Quarterly Results
KIRLOSIND
Quarterly Results
KJMCFIN
A.G.M.;General;Quarterly Results
LUDLOWJUT
Quarterly Results
LXCHEM
Quarterly Results
LYNMC
Quarterly Results
MALUPAPER
General;Quarterly Results
MANINDS
Quarterly Results
MORARJEE
Quarterly Results
MRF
Quarterly Results
MSCTC
Quarterly Results
NAHARINDUS
Quarterly Results
NATRAJPR
General;Quarterly Results
NIHARINF
Quarterly Results
NILKAMAL
Quarterly Results
OMEAG
General;Quarterly Results
OPTOCIRCUI
Quarterly Results
PADAMCO
General
PANKAJPO
Quarterly Results
PARMCOS-B
Quarterly Results
PARSOLI
Quarterly Results
PASARI
Quarterly Results
POKARNA
Quarterly Results
PRAXIS
Quarterly Results
PRECISION
General;Quarterly Results
PRERINFRA
General
PRESSURS
Quarterly Results
RAMAVISION
Quarterly Results
REFEX
Quarterly Results
RESONANCE
Quarterly Results
RISHIROOP
Quarterly Results
RLFL
Quarterly Results
RPOWER
Quarterly Results
RSSOFTWARE
Audited Results;Quarterly Results
RUNGTAIR
Quarterly Results
SAICOM
Quarterly Results
SALSAIN
Quarterly Results
SAPL
Quarterly Results
SASHWAT
Quarterly Results
SATIN
Quarterly Results
SHALBY
Quarterly Results
SHANKARA
Quarterly Results
SHIVTEX
Quarterly Results
Nikkei clsd ,
Hangseng -210 pts ,
Now @6.57am .
Dow +144.26 pts ,Nsdq -59.35 pts, S&P +7.42 pts, Bovespa +1177 pts , Ftse +2 pts , Dax +16 pts , Cac +35 pts , Crude @ $67.05 brl (-1.24), Brent @ $69.48 brl (-1.32) , Gold @ 1725.30 (-37.60), Silver @ $23.72 (-0.60), Euro @ $1.1775, JPY @ $110.24, INR @ 74.265
*Today's Corporate Action*
*9th Aug Ex Date*
ALKEM
Final Dividend - Rs. - 5.0000
ALPHALOGIC
Bonus issue 27:10
ANUP
Final Dividend - Rs. - 7.0000
ATFL
Final Dividend - Rs. - 3.0000
CIPLA
Dividend - Rs. - 5.0000
COFORGE
Interim Dividend - Rs. - 13.0000
CSLFINANCE
Bonus issue 2:1
EARUM
Bonus issue 1:1
EICHERMOT
Final Dividend - Rs. - 17.0000
GRAPHITE
Dividend - Rs. - 5.0000
HAWKINCOOK
Interim Dividend - Rs. - 90.0000
PERMAGN
Dividend - Rs. - 1.0000
PIXTRANS
Final Dividend - Rs. - 5.0000
WELCORP
Final Dividend - Rs. - 5.0000
*Today's Key Results/Board Meetings*
*9-Aug-21*
7TEC
Interim Dividend;A.G.M.; Quarterly Results
ABVL
Quarterly Results
AGRITECH
Quarterly Results
ALFAICA
Quarterly Results
ALPHAGEO
A.G.M.;Quarterly Results
AMBARPIL
General;Quarterly Results
ASTRAZEN
Interim Dividend; Quarterly Results
AUTOAXLES
Quarterly Results
BALRAMCHIN
Buy Back of Shares;Quarterly Results
BFLAFL
Quarterly Results
BHARATWIRE
Quarterly Results
BIRLATYRES
Quarterly Results
BKV
Quarterly Results
BLSINFOTE
Quarterly Results
BOMDYEING
Quarterly Results
CAPFIN
General;Quarterly Results
CHARMS
A.G.M.;General;Quarterly Results
CHEMCON
A.G.M.;General;Quarterly Results
CHEMTECH
Quarterly Results
CIL
Quarterly Results
CLEAN
Quarterly Results
COARO
Quarterly Results
COMPUPN
Quarterly Results
COROENGG
Quarterly Results
CRANEINFRA
Quarterly Results
CTL
Quarterly Results
DAL
General;Quarterly Results
DHANROTO
Quarterly Results
DHPIND
Voluntary Delisting of Shares;Quarterly Results
DHRUV
A.G.M.;General
DIVSHKT
Quarterly Results
DUKEOFS
General;Quarterly Results
ESTER
Quarterly Results
FISCHER
Quarterly Results
GANGESSEC
Quarterly Results
GARODCH
General;Quarterly Results
GARWSYN
Quarterly Results
GATI
Quarterly Results
GAYAHWS
Quarterly Results
GCCLINP
Quarterly Results
GENUSPAPER
Quarterly Results
GENUSPRIME
Quarterly Results
GRATEXI
Quarterly Results
GSPL
Quarterly Results
GUJCOTEX
Quarterly Results
HGS
Interim Dividend; Quarterly Results
HINDNATGLS
Quarterly Results
HITECHGEAR
Quarterly Results
IFBAGRO
Quarterly Results
IGARASHI
Quarterly Results
INCREDIBLE
Quarterly Results
INDHOTEL
General;Quarterly Results
INDOTECH
Quarterly Results
INDRAMEDCO
Quarterly Results
INSPIRISYS
Quarterly Results
INTLCOMBQ
Quarterly Results
JETAIRWAYS
Quarterly Results
JSGLEASING
Quarterly Results
JSTL
Quarterly Results
KAKTEX
Quarterly Results
KAMDHENU
Quarterly Results
KEDIACN
Quarterly Results
KIRANVYPAR
Voluntary Delisting of Shares;Quarterly Results
KIRLOSIND
Quarterly Results
KJMCFIN
A.G.M.;General;Quarterly Results
LUDLOWJUT
Quarterly Results
LXCHEM
Quarterly Results
LYNMC
Quarterly Results
MALUPAPER
General;Quarterly Results
MANINDS
Quarterly Results
MORARJEE
Quarterly Results
MRF
Quarterly Results
MSCTC
Quarterly Results
NAHARINDUS
Quarterly Results
NATRAJPR
General;Quarterly Results
NIHARINF
Quarterly Results
NILKAMAL
Quarterly Results
OMEAG
General;Quarterly Results
OPTOCIRCUI
Quarterly Results
PADAMCO
General
PANKAJPO
Quarterly Results
PARMCOS-B
Quarterly Results
PARSOLI
Quarterly Results
PASARI
Quarterly Results
POKARNA
Quarterly Results
PRAXIS
Quarterly Results
PRECISION
General;Quarterly Results
PRERINFRA
General
PRESSURS
Quarterly Results
RAMAVISION
Quarterly Results
REFEX
Quarterly Results
RESONANCE
Quarterly Results
RISHIROOP
Quarterly Results
RLFL
Quarterly Results
RPOWER
Quarterly Results
RSSOFTWARE
Audited Results;Quarterly Results
RUNGTAIR
Quarterly Results
SAICOM
Quarterly Results
SALSAIN
Quarterly Results
SAPL
Quarterly Results
SASHWAT
Quarterly Results
SATIN
Quarterly Results
SHALBY
Quarterly Results
SHANKARA
Quarterly Results
SHIVTEX
Quarterly Results
SHREECEM
Quarterly Results
SIIL
Quarterly Results
SOTL
Quarterly Results
SPSL
A.G.M.;General;Quarterly Results
SRECR
Quarterly Results
STEELCAS
Quarterly Results
STEELXIND
General;Quarterly Results
SUBEX
Quarterly Results
SUPERSPIN
General;Quarterly Results
SUVEN
Quarterly Results
SYLPH
Quarterly Results
TATAINVEST
Quarterly Results
TCFCFINQ
Quarterly Results
TECHIN
Quarterly Results
TIGERLOGS
A.G.M.;General;Quarterly Results
TIMKEN
Quarterly Results
TNPETRO
Quarterly Results
TNSTLTU
Quarterly Results
TRANSFD
Quarterly Results
VEDAVAAG
Quarterly Results
VENKYS
Quarterly Results
VINYLINDIA
Quarterly Results
VIPUL
Dividend;Audited Results
VIRATCRA
Quarterly Results
WPIL
Quarterly Results
YASHCHEM
General;Quarterly Results
ZPARICIN
Quarterly Results
*Stock under F&O ban on NSE*
*9-Aug-21*
1CANBK
2IBULHSGFIN
3NATIONALUM
4RBLBANK
5SAIL
6SUNTV
Quarterly Results
SIIL
Quarterly Results
SOTL
Quarterly Results
SPSL
A.G.M.;General;Quarterly Results
SRECR
Quarterly Results
STEELCAS
Quarterly Results
STEELXIND
General;Quarterly Results
SUBEX
Quarterly Results
SUPERSPIN
General;Quarterly Results
SUVEN
Quarterly Results
SYLPH
Quarterly Results
TATAINVEST
Quarterly Results
TCFCFINQ
Quarterly Results
TECHIN
Quarterly Results
TIGERLOGS
A.G.M.;General;Quarterly Results
TIMKEN
Quarterly Results
TNPETRO
Quarterly Results
TNSTLTU
Quarterly Results
TRANSFD
Quarterly Results
VEDAVAAG
Quarterly Results
VENKYS
Quarterly Results
VINYLINDIA
Quarterly Results
VIPUL
Dividend;Audited Results
VIRATCRA
Quarterly Results
WPIL
Quarterly Results
YASHCHEM
General;Quarterly Results
ZPARICIN
Quarterly Results
*Stock under F&O ban on NSE*
*9-Aug-21*
1CANBK
2IBULHSGFIN
3NATIONALUM
4RBLBANK
5SAIL
6SUNTV
GM jsk stock in news phoenix,gaurwell,pvr,Inox,jmc,NMDC,nfl,rcf,stridespharma,jspl,viswaraj,jktyre,pateleng,affle,bib,sail,tatapower,astralltd,balmer,axisbk,bse,tvssrichakra,divis,anupamrasayan. Negative stocks bel,allcargo,cub. Nifty range 16125-16350.