*Timken India Ltd.* | *CMP* Rs. 1489 | *M Cap* Rs. 11200 Cr | *52 W H/L* 1667/928
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 467.9 Cr (-1.6% QoQ, 192% YoY) vs QoQ Rs. 475.4 Cr, YoY Rs. 160.2 Cr
EBIDTA came at Rs. 92.8 Cr (6.8% QoQ, 559.3% YoY) vs QoQ Rs. 86.9 Cr, YoY Rs. 14.1 Cr
EBITDA Margin came at 19.8% vs QoQ 18.3%, YoY 8.8%
Adj. PAT came at Rs. 56.7 Cr vs QoQ Rs. 52.9 Cr, YoY Rs. 3.2 Cr
Quarter EPS is Rs. 7.5
Share is trading at P/E of 33x FY23E EPS

*The Hi-Tech Gears Ltd.* | *CMP* Rs. 320 | *M Cap* Rs. 601 Cr | *52 W H/L* 347/95
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 207.5 Cr (-16.9% QoQ, 181.5% YoY) vs QoQ Rs. 249.6 Cr, YoY Rs. 73.7 Cr
EBIDTA came at Rs. 17.8 Cr (-57.1% QoQ, -755.8% YoY) vs QoQ Rs. 41.4 Cr, YoY Rs. -2.7 Cr
EBITDA Margin came at 8.6% vs QoQ 16.6%, YoY -3.7%
Adj. PAT came at Rs. 3.5 Cr vs QoQ Rs. 28.7 Cr, YoY Rs. -14.3 Cr
Quarter EPS is Rs. 1.8
Share is trading at P/E of 12.9x TTM EPS

*SGX Nifty +23 pts (16287) from last trade 16264 ,*


Nikkei +286 pts ,
Hangseng +173 pts ,
Now @6.52am .



Dow -106.66 pts ,Nsdq +24.42 pts, S&P
-4.17 pts, Bovespa +209 pts , Ftse +9 pts  , Dax -16 pts , Cac -3 pts , Crude @ $66.92 brl (+0.43), Brent @ $69.04 brl (-0.00) , Gold @ 1734.00 (+7.50), Silver @ $23.475 (+0.20), Euro @ $1.1737, JPY @ $110.30,  INR @ 74.485







*Today's Corporate Action*
*10th  Aug Ex Date*




GOLKUNDIA
Final Dividend - Rs. - 1.2000
HONAUT
Final Dividend - Rs. - 85.0000
IIFLWAM
Interim Dividend - Rs. - 35.0000
ISEC
Final Dividend - Rs. - 13.5000




*Today's Key Results/Board Meetings*
*10-Aug-21*


20MICRONS
Quarterly Results
3IINFOTECH
Quarterly Results
AARTISURF
Audited Results
ABHICAP
A.G.M.;Quarterly Results;General
ABHIINFRA
Quarterly Results
ABHIJIT
Quarterly Results
ACEEDU
Quarterly Results
ACEMEN
Quarterly Results
ACML
A.G.M.;General
ADCINDIA
Quarterly Results
ADCON
Quarterly Results
ADITYASP
Quarterly Results
AHLEAST
Quarterly Results
AHLUCONT
Quarterly Results
AHMDSTE
Quarterly Results
ALCHCORP
Quarterly Results
ALMONDZ
Quarterly Results;General
AMARDEE
Quarterly Results;General
AMRAAGRI
Quarterly Results
AMTEKAUTO
Audited Results
ANNAINFRA
Quarterly Results
AREYDRG
Quarterly Results
ARHNTTO
Quarterly Results;General
ARNOLD
Quarterly Results
ASHCAP
Quarterly Results
ASHOKA
Quarterly Results
ASHOKALC
Quarterly Results
ASHSI
Quarterly Results
AVAILFC
Quarterly Results
AVL
A.G.M.;Quarterly Results;General
BALAJITELE
Quarterly Results
BALPHARMA
Quarterly Results
BALUFORGE
Quarterly Results
BANSWRAS
Quarterly Results
BASML
Quarterly Results
BCLIL
Quarterly Results
BECTORFOOD
Quarterly Results
BEEYU
Quarterly Results
BHILSPIN
Quarterly Results
BIRET
Dividend;Quarterly Results
BLIL
Quarterly Results;General
BTTL
Quarterly Results
CAMS
Quarterly Results
CAPACITE
Preferential Issue of shares;Quarterly Results;General
CAPRO
Quarterly Results
CENTENKA
Quarterly Results
CENTURYPLY
Employees Stock Option Plan;Final Dividend;Quarterly Results;General
CHALET
Quarterly Results
CHMBBRW
A.G.M.;Quarterly Results
CHORDIA
Quarterly Results
CNIRESLTD
Quarterly Results
COALINDIA
Quarterly Results
COASTCORP
Quarterly Results
COCHINSHIP
Quarterly Results
CSURGSU
Quarterly Results
CTRNIND
Quarterly Results
CUBIFIN
Quarterly Results
CUPIDTR
Quarterly Results
CYBERMEDIA
Quarterly Results
DECOMIC
General
DEEPAKFERT
Quarterly Results
DHARAMSI
A.G.M.;Quarterly Results
DHOOTIN
Quarterly Results
DYNAVSN
Quarterly Results
ECOBOAR
A.G.M.;Quarterly Results
EDSL
Quarterly Results
EMAMIREAL
Quarterly Results
EMERALD
Quarterly Results
ENTRINT
Quarterly Results
EUROASIA
A.G.M.;Quarterly Results;General
EVEREADY
Quarterly Results
FGP
Quarterly Results
FMNL
Quarterly Results
FORTISMLR
General
FREDUN
Quarterly Results
FSC
Quarterly Results
GALAXYSURF
Quarterly Results
GANESHBE
Quarterly Results
GANONPRO
Quarterly Results
GAYATRI
Quarterly Results
GCCL
Quarterly Results
GDLLEAS
Quarterly Results
GODREJAGRO
Quarterly Results
GOLDCOINHF
Quarterly Results
GOLDIAM
Quarterly Results
GOWRALE
Quarterly Results
GTLINFRA
Quarterly Results
GUJALKALI
Quarterly Results
GUJCMDS
A.G.M.;Quarterly Results
GUJCRED
Quarterly Results
GVBL
Quarterly Results
HERANBA
A.G.M.;Quarterly Results
HERCULES
Quarterly Results
HEXATRADEX
A.G.M.;Quarterly Results;General
HITECHCORP
Audited Results
HONDAPOWER
Quarterly Results
HOTELRUGBY
A.G.M.;Quarterly Results
HUHTAMAKI
Quarterly Results
IBRIGST
Quarterly Results
IFCI
Quarterly Results
IMAGICAA
Quarterly Results
INDIAGLYCO
Quarterly Results
INDOWIND
Quarterly Results
INDRENEW
Right Issue of Equity Shares
INDSOYA
Quarterly Results
INDUSFINL
Quarterly Results
INFIBEAM
Quarterly Results;General
INSECTICID*
Quarterly Results
INTEGSW
Quarterly Results
INTERFAC
Quarterly Results
IONEXCHANG
Quarterly Results

IRB
Quarterly Results
ISFL
Quarterly Results
JAMSHRI
Quarterly Results
JDORGOCHEM
Quarterly Results
JHS
Quarterly Results
JINDALSTEL
Quarterly Results
JINDHOT
Quarterly Results
JISLDVREQS
Quarterly Results
JISLJALEQS
Quarterly Results
JKIL
Audited Results;Quarterly Results
KALYANKJIL
Quarterly Results
KASHYAP
Quarterly Results
KCLINFRA
Increase in Authorised Capital;Voluntary Delisting of Shares;A.G.M.;Rights Issue;Quarterly Results;General
KEL
Quarterly Results
KEMP
Quarterly Results
KICL
Quarterly Results
KIMS
Quarterly Results
KIRIINDUS
Quarterly Results
KMSUGAR
Interim Dividend;Quarterly Results
KOKUYOCMLN
Quarterly Results
KORE
Quarterly Results
KUSUMEL
Quarterly Results
LEADFIN
Quarterly Results
LERTHAI
Quarterly Results
LINCOPH
Quarterly Results
LINDEINDIA
Quarterly Results
LOVABLE
Final Dividend;A.G.M.;Quarterly Results
LUPIN
Quarterly Results;General
MADHUDIN
Quarterly Results
MALTC
Quarterly Results
MANALIPETC
Quarterly Results
MANAPPURAM
Interim Dividend;Quarterly Results;General
MANGIND
Quarterly Results;General
MANUGRAPH
Quarterly Results;General
MAXHEALTH
Quarterly Results
MAZDOCK
Audited Results;General
MCCHRLS-B
Quarterly Results;General
MCLTD
Quarterly Results
MEFCOM
Quarterly Results
MEGH
Quarterly Results
MEGRISOFT
Quarterly Results
MEL
Quarterly Results
MERCURYLAB
Quarterly Results
METALCO
Quarterly Results;General
MFSL
Quarterly Results
MKEXIM
Quarterly Results;General
MKTCREAT
Quarterly Results
MNIL
Quarterly Results
MODCL
Quarterly Results;General
MORARKFI
Quarterly Results
MOTHERSUMI
Quarterly Results
MTEDUCARE
A.G.M.;Quarterly Results;General
MUDRA
Quarterly Results
MUKTAARTS
Quarterly
MUNOTHFI
Quarterly Results
MUTHTFN
Quarterly Results
NAGTECH
Quarterly Results;General
NATHBIOGEN
Quarterly Results
NATHIND
Quarterly Results
NDRAUTO
Quarterly Results
NDTV
Quarterly Results
NEWINFRA
Audited Results
NILASPACES
Quarterly Results
NIMBSPROJ
A.G.M.;Quarterly Results
NTCIND
Quarterly Results
NUTRICIRCLE
Audited Results;Quarterly Results
NYSSACORP
Quarterly Results
OCTAVIUSPL
Quarterly Results
PANAENERG
Quarterly Results
PANJON
Quarterly Results;General
PARACABLES
Quarterly Results
PARENTLD
Quarterly Results
PATELSAI
Quarterly Results
PEETISEC
Quarterly Results
PNBGILTS
Quarterly Results
POLOHOT
Quarterly Results
PORWAL
A.G.M.;Quarterly Results;General
POWERGRID
Quarterly Results;General
PRECAM
Quarterly Results
PRESHAMET
Quarterly Results
PRESSMN
Quarterly Results
PRESTIGE
Final Dividend;Quarterly Results;General
PRICOLLTD
Quarterly Results
PWASML
A.G.M.;Quarterly Results;General
RAGHUSYN
A.G.M.;Stock  Split;Quarterly Results
RAMSONS
Quarterly Results
RELCHEMQ
Quarterly Results
RELINFRA
Quarterly Results
REPRO
Quarterly Results
RITCO
A.G.M.;General
RTNINDIA
General
SADHNANIQ
Quarterly Results
SAKSOFT
Quarterly Results
SANGHVIMOV
Quarterly Results
SARLAPOLY
Quarterly Results;General
SBL
Quarterly Results
SBTL
A.G.M.;Quarterly Results
SEQUENT
Quarterly Results
SHAHFOOD
Quarterly Results
SHISHIND
Quarterly Results;General
SHREYANIND
Quarterly Results
SHRMFGC
Quarterly Results
SHYMINV
Quarterly Results
SIEMENS
Quarterly Results
SILINV
Quarterly Results
SIMBHALS
Quarterly Results
SIMRAN
Quarterly Results;General
SIYSIL
Quarterly Results
SKCIL
A.G.M.;Quarterly Results
SMAUTO
A.G.M.;General
SMPLXTR
Quarterly Results
SOVERDIA
Quarterly Results
SPCAPIT
Quarterly Results
SPENCER
Quarterly Results
SPICEISL
Quarterly Results
SRICC
Quarterly Results
SRMENERGY
A.G.M.;Quarterly Results
STEP2COR
Quarterly Results
SURBHIN
Quarterly Results
SVARTCORP
Quarterly Results
SWASTIVI
Quarterly Results
TAIIND
Quarterly Results
TATIAGLOB
Quarterly Results;General
TBZ
Quarterly Results;General
TFCILTD
Quarterly Results
THEBYKE
Quarterly Results
TITANBIO
Quarterly Results
TITANSEC
Quarterly Results
TRANSPEK
Quarterly Results
TRENT
Quarterly Results

TRIL
A.G.M.;Preferential Issue shares;Quarterly Results
TTML
Quarterly Results
TWIROST
Quarterly Results
TWL
Quarterly Results
UNIPHOS
Quarterly Results
UPSURGE
Quarterly Results
VANICOM
Quarterly Results
VARUNME
Quarterly Results
VERTEX
Quarterly Results
VIPCLOTHNG
Quarterly Results
VIRTUALG
Quarterly Results
VISTARAMAR
Quarterly Results
VMART
Quarterly Results






*Stock under F&O ban on NSE*
*10-Aug-21*



1CANBK

2IBULHSGFIN

3NATIONALUM

4RBLBANK

5SAIL

6SUNTV

*Good Morning*
• Billionaires Bezos, Murthy to End Controversial India Venture
• India to Spend $1.5B to Boost Oil Palm Plantation to Cut Imports
• India Says Developed World Needs to Make Immediate Emission Cuts
• Paytm to Add Ant’s Feagin to Board, Ramp Up Stock Awards
• Reliance, BP JV Among 7 Cos Given New India Fuel Retail Licenses
• Future Retail Bonds Tumble With Stocks After Reliance Deal Blow
• Vodafone, Cairn in Talks to Settle Tax Disputes, India Says
o India is also finding solution on telecom cos’ dues
• India’s NSE to Introduce Trading in Select U.S. Stocks Via Unit
• Amazon, Walmart Unit Face India Antitrust Probe on Court Order
• India’s July Demand for Oil Products Jumps Most in Three Months
• Diamond Tycoon Nirav Modi Can Appeal Extradition on Mental Health Issues
• UpGrad Scores $185 Million This Year to Join India’s Unicorns
• Indian Stock Funds See Record Inflows of $3 Billion in July
• India Cumulative Monsoon Rainfall 5% Below Normal as of Aug. 9
• Global Funds Buy Net INR2.12b of India Stocks on Monday: NSE
o Domestic funds sell net 7.15b rupees of stocks
• Foreign Investors Buy Net INR1.58B of Indian Equities on Aug. 6
• Foreigners Sell Net INR49.5B of Indian Equity Derivatives Monday
• India Considering Cuts in Import Tax Rates for EVs: Reuters
• Jhunjhunwala to pick up significant strategic stake in Syska LED: CNBC-TV18
• Mumbai airport traffic reaches 1.1 million in July: PTI
• ONGC’s share in India’s oil, gas production rises: PTI
• Coal India (COAL): Says North Eastern coalfield mines suspended from June 3 due to non-availability of clearance
• Gujarat Petronet (GUJS): 1Q net income +17% y/y to 2.32b rupees, beats est. 2.16b; revenue +14% y/y to 5.27b
• ISGEC Heavy Engineering (IGSEC): Wins order for 175 klpd multi feed distillery from Dwarikesh Sugar (DSIL)
• Indian Hotels (IH): 1Q net loss 2.77b rupees, est. loss 2.34b; revenue 3.45b vs. 1.44b
• Shree Cement (SRCM): 1Q net income +79%y/y to 6.62b rupees, beats est. 5.97b; revenue +48% y/y to 34.5b

*Bombay Dyeing And Manufacturing Company Ltd.* | *CMP* Rs. 98 | *M Cap* Rs. 2026 Cr | *52 W H/L* 110/58
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 380.9 Cr (-23.7% QoQ, 317.7% YoY) vs QoQ Rs. 499 Cr, YoY Rs. 91.2 Cr
EBIDTA came at Rs. 2.8 Cr (-94.1% QoQ, -112.5% YoY) vs QoQ Rs. 47.1 Cr, YoY Rs. -22.3 Cr
EBITDA Margin came at 0.7% vs QoQ 9.4%, YoY -24.5%
Adj. PAT came at Rs. -107.9 Cr vs QoQ Rs. -166.7 Cr, YoY Rs. -129.3 Cr
Quarter EPS is Rs. -5.2
Share is trading at P/E of -4x TTM EPS

*Laxmi Organic Industries Ltd.* | *CMP* Rs. 273 | *M Cap* Rs. 7186 Cr | *52 W H/L* 279/143
(Nirmal Bang Retail Research)
*Result Good*
Revenue from Operations came at Rs. 736.4 Cr (41.7% QoQ, 82.4% YoY) vs QoQ Rs. 519.5 Cr, YoY Rs. 403.6 Cr
EBIDTA came at Rs. 145.3 Cr (128.2% QoQ, 246.2% YoY) vs QoQ Rs. 63.7 Cr, YoY Rs. 42 Cr
EBITDA Margin came at 19.7% vs QoQ 12.3%, YoY 10.4%
Adj. PAT came at Rs. 102.3 Cr vs QoQ Rs. 36.3 Cr, YoY Rs. 21.4 Cr
Quarter EPS is Rs. 3.9
Share is trading at P/E of 34.5x TTM EPS

*Shree Cement Ltd.* | *CMP* Rs. 28287 | *M Cap* Rs. 102062 Cr | *52 W H/L* 32050/18184
(Nirmal Bang Retail Research)
Volume came at Expectation*
Revenue from Operations came at Rs. 3449.5 Cr (-12.2% QoQ, 48.3% YoY) vs expectation of Rs. 3385.8 Cr, QoQ Rs. 3930.8 Cr, YoY Rs. 2325.8 Cr
EBIDTA came at Rs. 1013.5 Cr (-13.9% QoQ, 44.7% YoY) vs expectation of Rs. 993.2 Cr, QoQ Rs. 1177.2 Cr, YoY Rs. 700.6 Cr
EBITDA Margin came at 29.4% vs expectation of 29.3%, QoQ 29.9%, YoY 30.1%
Adj. PAT came at Rs. 661.7 Cr vs expectation of Rs. 552.9 Cr, QoQ Rs. 767.7 Cr, YoY Rs. 370.8 Cr
Quarter EPS is Rs. 183.4
Share is trading at 19.4x FY23E EV/EBITDA

*GATI Ltd.* | *CMP* Rs. 153 | *M Cap* Rs. 1866 Cr | *52 W H/L* 180/42
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 290.2 Cr (-27% QoQ, 83.8% YoY) vs QoQ Rs. 397.9 Cr, YoY Rs. 158 Cr
EBIDTA came at Rs. 0 Cr (-99.7% QoQ, -100.1% YoY) vs QoQ Rs. 7.8 Cr, YoY Rs. -27.1 Cr
EBITDA Margin came at 0% vs QoQ 2%, YoY -17.2%
Adj. PAT came at Rs. -8.4 Cr vs QoQ Rs. 4.5 Cr, YoY Rs. -31.6 Cr
Quarter EPS is Rs. -0.7
Share is trading at P/E of -218.2x TTM EPS

Affle (India) Ltd.
(Nirmal Bang Retail Research)
*Outlook – Neutral*
Management has indicated of sustainable growth and bottom line performance on organic basis. ON organic basis management indicates of having EBitda margin of 25%.The company has done jammp acquisition which will be reflected in Q2 . management indicates Acquisition usually lower down the margins of the company on an overall basis , which, gets improved over a period of time
Revenue from Operations came at Rs. 152.5 Cr (7.7% QoQ, 69.8% YoY) . The CPCU business noted strong momentum delivering 3.1 crore of converted users in Q1 FY2022,vs QoQ 2.96cr .ARPU came at Rs 42 vs QoQ at Rs 40.90
Share is trading at P/E of 73x FY22E EPS

*Indraprastha Medical Corporation Ltd.* | *CMP* Rs. 80 | *M Cap* Rs. 733 Cr | *52 W H/L* 103/45
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 202.9 Cr (2.4% QoQ, 115.4% YoY) vs QoQ Rs. 198.1 Cr, YoY Rs. 94.2 Cr
EBIDTA came at Rs. 30.1 Cr (0.6% QoQ, -220.1% YoY) vs QoQ Rs. 30 Cr, YoY Rs. -25.1 Cr
EBITDA Margin came at 14.9% vs QoQ 15.1%, YoY -26.6%
Adj. PAT came at Rs. 15.4 Cr vs QoQ Rs. 15.1 Cr, YoY Rs. -25.2 Cr
Quarter EPS is Rs. 1.7
Share is trading at P/E of 17.1x TTM EPS

*Gujarat State Petronet Ltd.* | *CMP* Rs. 325 | *M Cap* Rs. 18337 Cr | *52 W H/L* 361/177
(Nirmal Bang Retail Research)
*Result is marginally above expectations*
Revenue from Operations came at Rs. 527.2 Cr (13.4% QoQ, 13.6% YoY) vs expectation of Rs. 489.9 Cr, QoQ Rs. 465 Cr, YoY Rs. 464.3 Cr
EBIDTA came at Rs. 374.4 Cr (8.8% QoQ, 8.2% YoY) vs expectation of Rs. 357.2 Cr, QoQ Rs. 344.2 Cr, YoY Rs. 346.2 Cr
EBITDA Margin came at 71% vs expectation of 72.9%, QoQ 74%, YoY 74.6%
Adj. PAT came at Rs. 233.3 Cr vs expectation of Rs. 216.1 Cr, QoQ Rs. 207.9 Cr, YoY Rs. 199.4 Cr
Quarter EPS is Rs. 4.1
Share is trading at P/E of 13.2x FY22E EPS

*Shalby Ltd.* | *CMP* Rs. 211 | *M Cap* Rs. 2279 Cr | *52 W H/L* 211/72
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 192.4 Cr (32.6% QoQ, 400.4% YoY) vs QoQ Rs. 145 Cr, YoY Rs. 38.4 Cr
EBIDTA came at Rs. 38.3 Cr (23.5% QoQ, -891.4% YoY) vs QoQ Rs. 31 Cr, YoY Rs. -4.8 Cr
EBITDA Margin came at 19.9% vs QoQ 21.4%, YoY -12.6%
Adj. PAT came at Rs. 20.2 Cr vs QoQ Rs. 9.8 Cr, YoY Rs. -8.7 Cr
Quarter EPS is Rs. 1.9
Share is trading at P/E of 32x TTM EPS

*Sundaram Finance Ltd. -S* | *CMP* Rs. 2583 | *M Cap* Rs. 28698 Cr | *52 W H/L* 2884/1213
(Nirmal Bang Retail Research)
*Result is ok* - Although NPAs increased, it was an industry wide phenomenon with July month witnessing strong recoveries and collections
NII came at Rs. 491.6 Cr vs YoY Rs. 425 Cr, QoQ Rs. 482.7 Cr
PBP came at Rs. 338.3 Cr vs YoY Rs. 279.7 Cr, QoQ Rs. 368.9 Cr
Provision came at Rs. 85.2 Cr vs YoY Rs. 60.7 Cr, QoQ Rs. 105.5 Cr
PAT came at Rs. 191.6 Cr vs YoY Rs. 165.7 Cr, QoQ Rs. 209.2 Cr
AUM came at Rs. 29823 Cr vs YoY Rs. 29580 Cr, QoQ Rs. 30882 Cr
Gross NPA (%) came at 4.25% vs QoQ 1.84%
Net NPA (%) came at 3.12% vs QoQ 1.01%
Total restructured assets were Rs. 1,395 Cr, about 4.9% of AUM
Quarter EPS is Rs. 17.2
Share is trading at P/E of 24.6x FY23E EPS & 4.5x trailing P/BV

*Satin Creditcare Network Ltd. -S* | *CMP* Rs. 82 | *M Cap* Rs. 429 Cr | *52 W H/L* 113/51
(Nirmal Bang Retail Research)
*Result continued to remain weak*
NII came at Rs. 158.7 Cr vs YoY Rs. 134 Cr, QoQ Rs. 215.5 Cr
PBP came at Rs. 54 Cr vs YoY Rs. 49.4 Cr, QoQ Rs. 116.5 Cr
Provision came at Rs. 149.1 Cr vs YoY Rs. 32 Cr, QoQ Rs. 53.1 Cr
PAT came at Rs. -71.3 Cr vs YoY Rs. 12.9 Cr, QoQ Rs. 46.7 Cr
AUM came at Rs. 6444 Cr vs YoY Rs. 7181 Cr, QoQ Rs. 7275 Cr
Disbursement came at Rs. 222 Cr vs YoY Rs. 54 Cr, QoQ Rs. 2084 Cr
Gross NPA came at Rs. 625.1 Cr vs QoQ Rs. 611.1 Cr at 9.7% vs QoQ 8.4%
Net NPA came at Rs. 77.3 Cr vs QoQ Rs. 240.1 Cr at 1.2% vs QoQ 3.3%
Retsructured loans are at just 0.7% of AUM
Non paying customer mix is at 5% against 11% during the 1st wave.
Collection efficiency had dipped to 75% in May and is back to 90% in August (March at 105%).
Quarter EPS is Rs. -13.8
Share is trading at P/E of 8240x FY23E EPS & 0.3x trailing P/BV

*Life Insurance Monthly Update for July 2021*

July 2021 APE - Total Pvt. Players increased by +27% YoY to Rs. 4475 Cr
> Outperformers: SBI +39%,
> Inline with industry: Bajaj +29%, ICICI +28%
> Underperformers: Max +18%, HDFC +15%

YTD (Apr-July 2021) APE - Pvt. Players increased by +27% YoY at Rs. 12,430 Cr
> Outperformers: Bajaj +44%, ICICI +40%, SBI +31%, Max +29%
> Underperformers: HDFC +22%


*SBI Life Insurance Company. Ltd. July'21 performance*
• APE came at Rs. 1128 Cr. vs YoY Rs. 814 Cr. (+39%) and MoM Rs. 799 Cr. (+41%)
• *July. Month* Market Share (pvt player APE) came at 25.2% vs YoY 23.1% and MoM 20.9%
• *YTD* Market Share (pvt player APE) came at 21.5% vs YoY 20.8%

*Bajaj Allianz Life Insurance Co. Ltd. (Bajaj Finserv) July'21 performance*
• APE came at Rs. 284 Cr. vs YoY Rs. 220 Cr. (+29%) and MoM Rs. 262 Cr. (+8%)
• *July. Month* Market Share (pvt player APE) came at 6.3% vs YoY 6.2% and MoM 6.9%
• *YTD* Market Share (pvt player APE) came at 6.8% vs YoY 6.0%

*ICICI Prudential Life Insurance Company. Ltd. July'21 performance*
• APE came at Rs. 495 Cr. vs YoY Rs. 388 Cr. (+28%) and MoM Rs. 452 Cr. (+10%)
• *July. Month* Market Share (pvt player APE) came at 11.1% vs YoY 11.0% and MoM 11.8%
• *YTD* Market Share (pvt player APE) came at 11.9% vs YoY 10.8%

*Max Life Insurance Company. Ltd. July'21 performance*
• APE came at Rs. 399 Cr. vs YoY Rs. 342 Cr. (+18%) and MoM Rs. 420 Cr. (-5%)
• *July. Month* Market Share (pvt player APE) came at 8.9% vs YoY 9.7% and MoM 11.0%
• *YTD* Market Share (pvt player APE) came at 10.0% vs YoY 9.9%

*HDFC Life Insurance Company. Ltd. July'21 performance*
• APE came at Rs. 789 Cr. vs YoY Rs. 688 Cr. (+15%) and MoM Rs. 654 Cr. (+21%)
• *July. Month* Market Share (pvt player APE) came at 17.6% vs YoY 19.5% and MoM 17.1%
• *YTD* Market Share (pvt player APE) came at 18.3% vs YoY 19.1%

GOVT IMPOSES ANTI-DUMPING DUTY ON PHTHALIC ANHYDRIDE IMPORTS FROM CHINA, OTHERS

Big positive for Thirumalai Chemicals, IG Petchem

DiGiSPICE launches new-age startup Korero Platforms to offer communication platform-as-a-service solutions

https://www.moneycontrol.com/news/business/startup/digispice-launches-new-age-startup-korero-platforms-to-offer-communication-platform-as-a-service-solutions-6997911.html

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World Markets

Dow - 107
Nasdaq + 24
Dax - 16
Nikkei + 253
Hangseng - 38
Sgxnifty + 11 (16275)
Brent Crude 69.31
Dow Fut - 3
Dollar Index 92.96

Stocks Ban In F&O:
Canara Bank,
IndiabullsHsg,
Nalco,
RBL Bank,
Sail,
Sun TV