*JSW Steel – S*: Crude steel production for July month came at 1.38 mnt marginally up by 1.5% MoM (1.36mnt) and up by 11% YoY (1.25mnt)
If we close at this point, approx 13 trading calls might be closing below SL.
Now people is banging what to do? Kya karein? We can hold for more 3 - 5 months shall we hold?
My answer:- Follow Risk Management. Respect SL levels. Don't panic. SL are part of game. 13 SL is ok, we had more than 100 Targets too. Respect SL in trading. Don't convert your trading position to forcefully delivery position.
Please don't expect spoon feeding
Now people is banging what to do? Kya karein? We can hold for more 3 - 5 months shall we hold?
My answer:- Follow Risk Management. Respect SL levels. Don't panic. SL are part of game. 13 SL is ok, we had more than 100 Targets too. Respect SL in trading. Don't convert your trading position to forcefully delivery position.
Please don't expect spoon feeding
*Coal India Ltd.* | *CMP* Rs. 142 | *M Cap* Rs. 87511 Cr | *52 W H/L* 165/110
(Nirmal Bang Retail Research)
Off-Take came at 160.3 mnt vs QoQ 164.9mnt, YoY 164.3 mnt
*Result below expectation*
Revenue from Operations came at Rs. 25282.2 Cr (-5.3% QoQ, 36.8% YoY) vs expectation of Rs. 25515.3 Cr, QoQ Rs. 26700.1 Cr, YoY Rs. 18486.8 Cr
Realisation came at Rs 1577/T vs QoQ Rs 1486/T, YoY Rs 1408/T
EBIDTA came at Rs. 4843.9 Cr (-24.1% QoQ, 58.7% YoY) vs expectation of Rs. 5780.9 Cr, QoQ Rs. 6382.1 Cr, YoY Rs. 3051.7 Cr
EBITDA/T came at Rs 302/T vs QoQ Rs 387/T, YoY Rs 253/T
EBITDA Margin came at 19.2% vs expectation of 22.7%, QoQ 23.9%, YoY 16.5%
Adj. PAT came at Rs. 3169.9 Cr vs expectation of Rs. 3973 Cr, QoQ Rs. 4586.8 Cr, YoY Rs. 2079.6 Cr
Quarter EPS is Rs. 5.1
Share is trading at EV/EBITDA of 3.37x FY23E EBITDA
(Nirmal Bang Retail Research)
Off-Take came at 160.3 mnt vs QoQ 164.9mnt, YoY 164.3 mnt
*Result below expectation*
Revenue from Operations came at Rs. 25282.2 Cr (-5.3% QoQ, 36.8% YoY) vs expectation of Rs. 25515.3 Cr, QoQ Rs. 26700.1 Cr, YoY Rs. 18486.8 Cr
Realisation came at Rs 1577/T vs QoQ Rs 1486/T, YoY Rs 1408/T
EBIDTA came at Rs. 4843.9 Cr (-24.1% QoQ, 58.7% YoY) vs expectation of Rs. 5780.9 Cr, QoQ Rs. 6382.1 Cr, YoY Rs. 3051.7 Cr
EBITDA/T came at Rs 302/T vs QoQ Rs 387/T, YoY Rs 253/T
EBITDA Margin came at 19.2% vs expectation of 22.7%, QoQ 23.9%, YoY 16.5%
Adj. PAT came at Rs. 3169.9 Cr vs expectation of Rs. 3973 Cr, QoQ Rs. 4586.8 Cr, YoY Rs. 2079.6 Cr
Quarter EPS is Rs. 5.1
Share is trading at EV/EBITDA of 3.37x FY23E EBITDA
*Century Plyboards (India) Ltd.* | *CMP* Rs. 423 | *M Cap* Rs. 9398 Cr | *52 W H/L* 459/129
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 457.5 Cr (-38.6% QoQ, 125.4% YoY) vs expectation of Rs. 440 Cr, QoQ Rs. 745 Cr, YoY Rs. 203 Cr
EBIDTA came at Rs. 60.2 Cr (-52.2% QoQ, -10392.1% YoY) vs expectation of Rs. 61.9 Cr, QoQ Rs. 125.9 Cr, YoY Rs. -0.6 Cr
EBITDA Margin came at 13.2% vs expectation of 14.1%, QoQ 16.9%, YoY -0.3%
Adj. PAT came at Rs. 31.1 Cr vs expectation of Rs. 35.5 Cr, QoQ Rs. 86.6 Cr, YoY Rs. -11.3 Cr
Quarter EPS is Rs. 1.4
Share is trading at P/E of 34.8x FY22E EPS
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 457.5 Cr (-38.6% QoQ, 125.4% YoY) vs expectation of Rs. 440 Cr, QoQ Rs. 745 Cr, YoY Rs. 203 Cr
EBIDTA came at Rs. 60.2 Cr (-52.2% QoQ, -10392.1% YoY) vs expectation of Rs. 61.9 Cr, QoQ Rs. 125.9 Cr, YoY Rs. -0.6 Cr
EBITDA Margin came at 13.2% vs expectation of 14.1%, QoQ 16.9%, YoY -0.3%
Adj. PAT came at Rs. 31.1 Cr vs expectation of Rs. 35.5 Cr, QoQ Rs. 86.6 Cr, YoY Rs. -11.3 Cr
Quarter EPS is Rs. 1.4
Share is trading at P/E of 34.8x FY22E EPS
*Computer Age Management Services Ltd.* | *CMP* Rs. 3175 | *M Cap* Rs. 15502 Cr | *52 W H/L* 3742/1260
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 191.3 Cr (-4.2% QoQ, 33.7% YoY) vs expectation of Rs. 208.2 Cr, QoQ Rs. 199.8 Cr, YoY Rs. 143.1 Cr
EBIDTA came at Rs. 84.2 Cr (-5.4% QoQ, 68.6% YoY) vs expectation of Rs. 95.2 Cr, QoQ Rs. 89 Cr, YoY Rs. 50 Cr
EBITDA Margin came at 44% vs expectation of 45.7%, QoQ 44.6%, YoY 34.9%
Adj. PAT came at Rs. 83.9 Cr vs expectation of Rs. 66.3 Cr, QoQ Rs. 60.1 Cr, YoY Rs. 36.3 Cr
PAT is higher due to high other income
Quarter EPS is Rs. 17.2
Share is trading at P/E of 61.7x FY22E EPS
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 191.3 Cr (-4.2% QoQ, 33.7% YoY) vs expectation of Rs. 208.2 Cr, QoQ Rs. 199.8 Cr, YoY Rs. 143.1 Cr
EBIDTA came at Rs. 84.2 Cr (-5.4% QoQ, 68.6% YoY) vs expectation of Rs. 95.2 Cr, QoQ Rs. 89 Cr, YoY Rs. 50 Cr
EBITDA Margin came at 44% vs expectation of 45.7%, QoQ 44.6%, YoY 34.9%
Adj. PAT came at Rs. 83.9 Cr vs expectation of Rs. 66.3 Cr, QoQ Rs. 60.1 Cr, YoY Rs. 36.3 Cr
PAT is higher due to high other income
Quarter EPS is Rs. 17.2
Share is trading at P/E of 61.7x FY22E EPS
*Jindal Steel & Power Ltd.* | *CMP* Rs. 404 | *M Cap* Rs. 41158 Cr | *52 W H/L* 502/160
(Nirmal Bang Retail Research)
Volume came at 1.61 mnt vs QoQ 1.91, YoY 2.07 mnt
*Result in line with expectation*
Revenue from Operations came at Rs. 10609.5 Cr (-10.7% QoQ, 14.3% YoY) vs expectation of Rs. 11008 Cr, QoQ Rs. 11880.6 Cr, YoY Rs. 9278.8 Cr
Realisation came at Rs 72781/T vs QoQ Rs 69095/T, YoY Rs 37993/T
EBIDTA came at Rs. 4539 Cr (-14.2% QoQ, 90.4% YoY) vs expectation of Rs. 4586.1 Cr, QoQ Rs. 5287.5 Cr, YoY Rs. 2384 Cr
EBITDA/T came at Rs 28193/T vs QoQ Rs 27683/T, YoY Rs 12615/T
EBITDA Margin came at 42.8% vs expectation of 41.7%, QoQ 44.5%, YoY 25.7%
Adj. PAT came at Rs. 2543.3 Cr vs expectation of Rs. 2561.6 Cr, QoQ Rs. 2937.3 Cr, YoY Rs. 183.1 Cr
Quarter EPS is Rs. 24.9
Share is trading at EV/EBITDA of 4.35x FY23E EBITDA
(Nirmal Bang Retail Research)
Volume came at 1.61 mnt vs QoQ 1.91, YoY 2.07 mnt
*Result in line with expectation*
Revenue from Operations came at Rs. 10609.5 Cr (-10.7% QoQ, 14.3% YoY) vs expectation of Rs. 11008 Cr, QoQ Rs. 11880.6 Cr, YoY Rs. 9278.8 Cr
Realisation came at Rs 72781/T vs QoQ Rs 69095/T, YoY Rs 37993/T
EBIDTA came at Rs. 4539 Cr (-14.2% QoQ, 90.4% YoY) vs expectation of Rs. 4586.1 Cr, QoQ Rs. 5287.5 Cr, YoY Rs. 2384 Cr
EBITDA/T came at Rs 28193/T vs QoQ Rs 27683/T, YoY Rs 12615/T
EBITDA Margin came at 42.8% vs expectation of 41.7%, QoQ 44.5%, YoY 25.7%
Adj. PAT came at Rs. 2543.3 Cr vs expectation of Rs. 2561.6 Cr, QoQ Rs. 2937.3 Cr, YoY Rs. 183.1 Cr
Quarter EPS is Rs. 24.9
Share is trading at EV/EBITDA of 4.35x FY23E EBITDA
*Manali Petrochemicals Ltd.* | *CMP* Rs. 96 | *M Cap* Rs. 1643 Cr | *52 W H/L* 95.5/19
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 329.7 Cr (-9.8% QoQ, 275.8% YoY) vs QoQ Rs. 365.7 Cr, YoY Rs. 87.7 Cr
EBIDTA came at Rs. 113.2 Cr (-10% QoQ, 1864.8% YoY) vs QoQ Rs. 125.8 Cr, YoY Rs. 5.8 Cr
EBITDA Margin came at 34.3% vs QoQ 34.4%, YoY 6.6%
Adj. PAT came at Rs. 79.8 Cr vs QoQ Rs. 92.8 Cr, YoY Rs. 3.1 Cr
Quarter EPS is Rs. 4.6
Share is trading at P/E of 5.5x TTM EPS
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 329.7 Cr (-9.8% QoQ, 275.8% YoY) vs QoQ Rs. 365.7 Cr, YoY Rs. 87.7 Cr
EBIDTA came at Rs. 113.2 Cr (-10% QoQ, 1864.8% YoY) vs QoQ Rs. 125.8 Cr, YoY Rs. 5.8 Cr
EBITDA Margin came at 34.3% vs QoQ 34.4%, YoY 6.6%
Adj. PAT came at Rs. 79.8 Cr vs QoQ Rs. 92.8 Cr, YoY Rs. 3.1 Cr
Quarter EPS is Rs. 4.6
Share is trading at P/E of 5.5x TTM EPS
https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20210809-41
Additional surveillance measures on the exchange for stocks may have caused the sharp sell of in the market today. Caps on price movements for a week/ month and quarter have been imposed. This will be applicable from 23rd August as per the circular.
I believe that no one has read yesterday's notice in which BSE are likely to introduce price band in every stock which they have introduced in 2018 & then mkt crash ....
Stocks identify will be declared before 23 Aug:
Weekly
Monthly
Qtly
So lets see how it play this time..
Additional surveillance measures on the exchange for stocks may have caused the sharp sell of in the market today. Caps on price movements for a week/ month and quarter have been imposed. This will be applicable from 23rd August as per the circular.
I believe that no one has read yesterday's notice in which BSE are likely to introduce price band in every stock which they have introduced in 2018 & then mkt crash ....
Stocks identify will be declared before 23 Aug:
Weekly
Monthly
Qtly
So lets see how it play this time..
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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!