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*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
*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
*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
*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
*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
*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
*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;
*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
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
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.
CarTrade Tech IPO Preview:
HIGH RISK TAKING INVESTORS CAN APPLY

Positives:
- New age Business
- Profit making Company
- Cash rich, debt free company

Negatives:
- Too much competition
- Expensive Valuations
Nuvoco Vistas Corporation IPO Preview:

AVOID FOR SHORT TERM, APPLY FOR LONG TERM

Positives:
- Strong Promoter group
- Regular inorganic growth

Negatives:
- Focus only in Eastern and Northern India
- Expensive Valuations