Bulk Deal as on 23-09-21
Cantabil Retail
+ 1 Lk @ 555.36 Gagan Dinanath Chaturvedi
+ 1.5 Lk @ 554.96 Winro Commercial India Ltd
Home First Finance Co India Ltd
- 4.75 Lk @ 575.15 Bnp Paribas Arbitage
Rswm Ltd
+ 7 Lk @ 310 Bharat Investment Growth Ltd
+ 4.50 Lk @ 310 Lnj Financial Services Ltd
- 11.50 Lk @ 310 Jhunjhunwala Ravi
LKPFIN
+ 3 Lk @ 133.5 SUNIDHI COMMODITIES PVT LTD
- 3 Lk @ 133.5 OLGA TRADING PRIVATE LIMITED
Cantabil Retail
+ 1 Lk @ 555.36 Gagan Dinanath Chaturvedi
+ 1.5 Lk @ 554.96 Winro Commercial India Ltd
Home First Finance Co India Ltd
- 4.75 Lk @ 575.15 Bnp Paribas Arbitage
Rswm Ltd
+ 7 Lk @ 310 Bharat Investment Growth Ltd
+ 4.50 Lk @ 310 Lnj Financial Services Ltd
- 11.50 Lk @ 310 Jhunjhunwala Ravi
LKPFIN
+ 3 Lk @ 133.5 SUNIDHI COMMODITIES PVT LTD
- 3 Lk @ 133.5 OLGA TRADING PRIVATE LIMITED
Who’s Meeting Whom
Hindalco Industries: To meet ICICI Prudential Life Insurance Co. on September 24, ICICI Prudential Asset Management Co. on September 28 and Aditya Birla Sunlife Asset Management Co. on September 30.
Trident: To meet HSBC Mutual Fund on September 24.
Indo Count Industries: To meet Motilal Oswal Financial Services on September 27.
Themis Medicare: To meet Kotak PMS on September 27
Hindalco Industries: To meet ICICI Prudential Life Insurance Co. on September 24, ICICI Prudential Asset Management Co. on September 28 and Aditya Birla Sunlife Asset Management Co. on September 30.
Trident: To meet HSBC Mutual Fund on September 24.
Indo Count Industries: To meet Motilal Oswal Financial Services on September 27.
Themis Medicare: To meet Kotak PMS on September 27
Trading Tweaks
Ex-Date AGM: Polyplex Corporation
Ex-Date Stock Split: KPR Mill
Ex-Date Final Dividend: Polyplex Corporation, Rangoli Tradecomm
Record Date Bonus Issue: Sportking India
Record Date Stock Split: Artemis Medicare Services
Price Band Revised From 10% To 5%: BLS International Services
Price Band Revised From 20% To 10%: Cantabil Retail India
Move Into ASM Framework: Vidhi Specialty Food Ingredients, New Delhi Television
Move Out Of Short-Term ASM Framework: Hatsun Agro Product
Ex-Date AGM: Polyplex Corporation
Ex-Date Stock Split: KPR Mill
Ex-Date Final Dividend: Polyplex Corporation, Rangoli Tradecomm
Record Date Bonus Issue: Sportking India
Record Date Stock Split: Artemis Medicare Services
Price Band Revised From 10% To 5%: BLS International Services
Price Band Revised From 20% To 10%: Cantabil Retail India
Move Into ASM Framework: Vidhi Specialty Food Ingredients, New Delhi Television
Move Out Of Short-Term ASM Framework: Hatsun Agro Product
Insider Trades
Adani Green Energy: Promoter Infinite Trade and Investments bought 12 lakh shares on September 22.
Alkyl Amines Chemicals: Promoter Yogesh Kothari sold 6,011 shares on September 20.
Aegis Logistics: Promoter Trans Asia Petroleum Inc. bought 1 lakh shares on September 21.
Bajaj Holdings & Investment: Promoter Bachhraj & Company bought 78,890 shares between September 21-22.
Glenmark Pharmaceuticals: Promoter Cherylann Pinto bought 1,950 shares on September 22.
Jindal Stainless (Hisar): Promoter JSL Overseas bought 1 lakh shares between September 20-21.
Sequent Scientific: Promoter Chayadeep Ventures LLP sold 43,909 shares between September 20-21.
TeamLease Services: Promoter HR Offshoring Ventures Pte sold 85,484 shares between September 22-23.
Adani Green Energy: Promoter Infinite Trade and Investments bought 12 lakh shares on September 22.
Alkyl Amines Chemicals: Promoter Yogesh Kothari sold 6,011 shares on September 20.
Aegis Logistics: Promoter Trans Asia Petroleum Inc. bought 1 lakh shares on September 21.
Bajaj Holdings & Investment: Promoter Bachhraj & Company bought 78,890 shares between September 21-22.
Glenmark Pharmaceuticals: Promoter Cherylann Pinto bought 1,950 shares on September 22.
Jindal Stainless (Hisar): Promoter JSL Overseas bought 1 lakh shares between September 20-21.
Sequent Scientific: Promoter Chayadeep Ventures LLP sold 43,909 shares between September 20-21.
TeamLease Services: Promoter HR Offshoring Ventures Pte sold 85,484 shares between September 22-23.
Pledge Share Details
Aurobindo Pharma: Promoter Kambam Reddy revoked pledge of 3.50 lakh shares on September 20.
Mangalore Chemicals & Fertilizers: Promoter Zuari Agro Chemicals created a pledge of 30 lakh shares on September 21
Aurobindo Pharma: Promoter Kambam Reddy revoked pledge of 3.50 lakh shares on September 20.
Mangalore Chemicals & Fertilizers: Promoter Zuari Agro Chemicals created a pledge of 30 lakh shares on September 21
Stocks To Watch
Vedanta: To delist its American Depositary shares from the New York Stock Exchange and terminate the program. Vedanta also plans to deregister the ADSs and underlying equity shares and terminate reporting obligations. Decision taken due to low trading volumes, higher cost of maintenance. The company intends to file a Form 25 with the SEC on or about October 29, 2021, to delist ADSs which will take effect in 10 days.
Dish TV India: The company has received a letter from Yes Bank seeking an EGM. The bank had issued notices for the removal and appointment of directors on the Board of Directors of the company subject to Ministry of Broadcasting’s approval. Dish TV was supposed to place the resolutions before the shareholders of the company at the AGM, which was to be held on Sep 27,however it is now seeking an extension of the date of holding AGM based on unfounded reasons, Yes Bank said.
UltraTech Cement: The company plans to meet 100% of its electricity requirement through renewables sources by 2050. It has committed to Climate Group’s RE100 initiative at Climate Week NYC 2021.
Dilip Buildcon: Supreme Court confirmed appointment of Dilip Buildcon & VPR Mining Infrastructure as the mine developer cum operator, by Punjab State Power Corporation at the Pachhwara Central Coal Block Mine. The total contract value of the tender is Rs 32,156.04 crore.
Globus Spirits: The National Company Law Tribunal has approved the scheme of amalgamation between Unibev and Globus Spirits.
Adani Enterprises: The company has incorporated a wholly owned subsidiary called Adani Digital Labs.The subsidiary will transform consumer businesses to digital first businesses by creating an omnichannel, integrated platform enabling customers to interact with all B2C businesses of Adani Group.
Shriram Transport Finance Company: The company has allotted 950 secured NCDs of face value of Rs 10 lakh each on private placement basis. The coupon rate is fixed at 7.95% per annum. The issue will mature on June 16, 2023.
IndusInd Bank: The bank has acquired 50 lakh shares, 4.79% of paid-up equity share capital, of Mcleod Russel India after invocation of pledge.
Indian Bank: The bank has declared Kiratpur Ner Chowk Expressway and Tantia Constructions accounts as fraud and reported them to the RBI.
HealthCare Global Enterprises: ICRA has upgraded the rating of the long-term bank facilities of the company to A+/Stable from A-/Stable and short-term facilities to A1 from A2+.
PVR: CRISIL Ratings has downgraded the long-term rating of bank loan facilities of the company to A+/Negative from AA-/Negative and short-term rating to A1 from A1+.
Ugro Capital: Acuite Ratings and Research has upgraded the company rating outlook from ‘Stable’ to ‘Positive’. The company’s Rs 1,100 crore bank loan and Rs 450 crore NCDs have been rated A/Positive.
Vedanta: To delist its American Depositary shares from the New York Stock Exchange and terminate the program. Vedanta also plans to deregister the ADSs and underlying equity shares and terminate reporting obligations. Decision taken due to low trading volumes, higher cost of maintenance. The company intends to file a Form 25 with the SEC on or about October 29, 2021, to delist ADSs which will take effect in 10 days.
Dish TV India: The company has received a letter from Yes Bank seeking an EGM. The bank had issued notices for the removal and appointment of directors on the Board of Directors of the company subject to Ministry of Broadcasting’s approval. Dish TV was supposed to place the resolutions before the shareholders of the company at the AGM, which was to be held on Sep 27,however it is now seeking an extension of the date of holding AGM based on unfounded reasons, Yes Bank said.
UltraTech Cement: The company plans to meet 100% of its electricity requirement through renewables sources by 2050. It has committed to Climate Group’s RE100 initiative at Climate Week NYC 2021.
Dilip Buildcon: Supreme Court confirmed appointment of Dilip Buildcon & VPR Mining Infrastructure as the mine developer cum operator, by Punjab State Power Corporation at the Pachhwara Central Coal Block Mine. The total contract value of the tender is Rs 32,156.04 crore.
Globus Spirits: The National Company Law Tribunal has approved the scheme of amalgamation between Unibev and Globus Spirits.
Adani Enterprises: The company has incorporated a wholly owned subsidiary called Adani Digital Labs.The subsidiary will transform consumer businesses to digital first businesses by creating an omnichannel, integrated platform enabling customers to interact with all B2C businesses of Adani Group.
Shriram Transport Finance Company: The company has allotted 950 secured NCDs of face value of Rs 10 lakh each on private placement basis. The coupon rate is fixed at 7.95% per annum. The issue will mature on June 16, 2023.
IndusInd Bank: The bank has acquired 50 lakh shares, 4.79% of paid-up equity share capital, of Mcleod Russel India after invocation of pledge.
Indian Bank: The bank has declared Kiratpur Ner Chowk Expressway and Tantia Constructions accounts as fraud and reported them to the RBI.
HealthCare Global Enterprises: ICRA has upgraded the rating of the long-term bank facilities of the company to A+/Stable from A-/Stable and short-term facilities to A1 from A2+.
PVR: CRISIL Ratings has downgraded the long-term rating of bank loan facilities of the company to A+/Negative from AA-/Negative and short-term rating to A1 from A1+.
Ugro Capital: Acuite Ratings and Research has upgraded the company rating outlook from ‘Stable’ to ‘Positive’. The company’s Rs 1,100 crore bank loan and Rs 450 crore NCDs have been rated A/Positive.
World Markets
Dow + 506
Nasdaq + 155
Dax + 137
Nikkei + 592
Hangseng + 86
Sgxnifty + 19 (17863)
Brent Crude 77.72
Dow Fut + 65
Dollar Index 93.08
Dow + 506
Nasdaq + 155
Dax + 137
Nikkei + 592
Hangseng + 86
Sgxnifty + 19 (17863)
Brent Crude 77.72
Dow Fut + 65
Dollar Index 93.08
*Market kya lagta hain @ 7.30 am – Friday, September 24th 2021.*
*SGX Nifty (+39, 17868)*
*Nifty and Sensex are knocking on the door of 18,000 and 60,000 respectively.*
Well, the benchmarks are on the verge of hitting 18,000 & 60,000 points for the first time -- a major milestone.
*The big question:* What it means for your investment strategy?
Well, joyous mood likely all over as investors will be excited to see headlines celebrating Nifty 18,000. *The achievement is evidence of how optimistic investors have become about the prospects of Indian economy and the global economy.*
*Amidst this optimistic backdrop, it should definitely not have any effect on your bullish investment strategy.*
Our *call of the day* suggests not to sell stocks just because you think Nifty 18,000 indicates that the market "has gotten expensive."
*If your original investment thesis —— buy long & hold still applies, there is no reason to exit any of your stock positions.*
Our *chart of the day* says there are still plenty of bargains and breakout on the upside patterns that still appears screaming buys —— including some of the stocks in the "Nifty 50." Please note, the index's value has no correlation with the valuations of any individual stocks.
With an interweek perspective, *we are bullish on stocks like INFOSYS, DIVIS LAB, LARSEN, HDFC BANK and COFORGE.*
*Bottom-line:* The best advice we can give for Nifty 18,000 is to *keep your eye on the long term.* *Focus on building a portfolio of attractively valued stocks and holding onto them for years.*
*Please note, this advice will also hold true at Nifty 20,000, Nifty 23,000, and any other index-related milestones that may be reached during our lifetime.*
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
*SGX Nifty (+39, 17868)*
*Nifty and Sensex are knocking on the door of 18,000 and 60,000 respectively.*
Well, the benchmarks are on the verge of hitting 18,000 & 60,000 points for the first time -- a major milestone.
*The big question:* What it means for your investment strategy?
Well, joyous mood likely all over as investors will be excited to see headlines celebrating Nifty 18,000. *The achievement is evidence of how optimistic investors have become about the prospects of Indian economy and the global economy.*
*Amidst this optimistic backdrop, it should definitely not have any effect on your bullish investment strategy.*
Our *call of the day* suggests not to sell stocks just because you think Nifty 18,000 indicates that the market "has gotten expensive."
*If your original investment thesis —— buy long & hold still applies, there is no reason to exit any of your stock positions.*
Our *chart of the day* says there are still plenty of bargains and breakout on the upside patterns that still appears screaming buys —— including some of the stocks in the "Nifty 50." Please note, the index's value has no correlation with the valuations of any individual stocks.
With an interweek perspective, *we are bullish on stocks like INFOSYS, DIVIS LAB, LARSEN, HDFC BANK and COFORGE.*
*Bottom-line:* The best advice we can give for Nifty 18,000 is to *keep your eye on the long term.* *Focus on building a portfolio of attractively valued stocks and holding onto them for years.*
*Please note, this advice will also hold true at Nifty 20,000, Nifty 23,000, and any other index-related milestones that may be reached during our lifetime.*
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
*Morning Action @ 7am – Friday, September 24th 2021.*
Overnight at Wall Street, the Dow Jones improved by 1.5% to 34,764, led by a 7.2% jump in Salesforc (CRM) after the cloud software firm raised its current-year revenue forecasts and provided better-than-expected sales guidance for its next fiscal year.
*7 AM GLOBAL UPDATE:*
# SGX Nifty (+35, 17865)
# Dow (+507, 34765)
# Nasdaq (+155, 15052)
# Bovespa (+1782, 114064)
# Nikkei (+509, 30148)
# Hang Seng (-24, 24487)
*MARKET TRENDS:*
# Global: Positive
# FII: Positive (+358 Cr)
# DII: Positive (+1173 Cr)
# F&O: 17500-18100 zone
# Market Breadth: Strong
# Sentiment: Bullish
# Technicals: Higher high/low
# Outlook: Nifty 18000+
*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*
*NIFTY (CMP 17823):*
# SUPPORT: 17771/17521
# RESISTANCE: 17793/18001
# RANGE: 17671-18017
# BIAS: Positive.
*BANK NIFTY (CMP 37772):*
# SUPPORT: 37331/37075
# RESISTANCE: 38113/39001
# RANGE: 37511-38511
# BIAS: Positive.
*NEED TO KNOW:*
# Equity indices across globe are seen enjoying strong session amidst:
1. A dovish statement on bond-market tapering from the Federal Reserve.
2. The indebted Chinese real estate juggernaut Evergrande made a major payment on its debt yesterday.
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
Overnight at Wall Street, the Dow Jones improved by 1.5% to 34,764, led by a 7.2% jump in Salesforc (CRM) after the cloud software firm raised its current-year revenue forecasts and provided better-than-expected sales guidance for its next fiscal year.
*7 AM GLOBAL UPDATE:*
# SGX Nifty (+35, 17865)
# Dow (+507, 34765)
# Nasdaq (+155, 15052)
# Bovespa (+1782, 114064)
# Nikkei (+509, 30148)
# Hang Seng (-24, 24487)
*MARKET TRENDS:*
# Global: Positive
# FII: Positive (+358 Cr)
# DII: Positive (+1173 Cr)
# F&O: 17500-18100 zone
# Market Breadth: Strong
# Sentiment: Bullish
# Technicals: Higher high/low
# Outlook: Nifty 18000+
*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*
*NIFTY (CMP 17823):*
# SUPPORT: 17771/17521
# RESISTANCE: 17793/18001
# RANGE: 17671-18017
# BIAS: Positive.
*BANK NIFTY (CMP 37772):*
# SUPPORT: 37331/37075
# RESISTANCE: 38113/39001
# RANGE: 37511-38511
# BIAS: Positive.
*NEED TO KNOW:*
# Equity indices across globe are seen enjoying strong session amidst:
1. A dovish statement on bond-market tapering from the Federal Reserve.
2. The indebted Chinese real estate juggernaut Evergrande made a major payment on its debt yesterday.
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
GM jsk stock in news dilipbuild, balram,dhampur,triveni,renuka,praj,adanipower,tejas,infosys,tcs,hcltech,kprmill, nucleus,grmover,affle,jmfin,grinfra,Adani entp,sunflag, abcapital,jbmauto,pvr,DishTV, ultratech. Negative stock indianbk. Nifty range 17650-17950.
RBI announces Rs 15000 crore bond buy, sale on September 30 - https://www.moneycontrol.com/news/business/rbi-announces-rs-15000-crore-bond-buy-sale-on-september-30-7499731.html
Moneycontrol
RBI Announces Rs 15000 Crore Bond Buy, Sale On September 30
RBI conducts simultaneous buy and sale of government bonds to manage the yield curve in the bond market.
*SGX Nifty +25 pts (17867) from last trade 17842 ,*
Nikkei +575 pts ,
Hangseng -24 pts ,
Now @6.52am .
Dow +506.50 pts ,Nsdq +155.40 pts, S&P
+53.34 pts,, Bovespa +1782 pts , Ftse -5 pts , Dax +137 pts , Cac +64 pts , Crude @ $73.28 brl (-0.02), Brent @ $77.25 brl (-0.00) , Gold @ 1746.90 (-3.90), Silver @ $22.58 (-0.09), Euro @ $1.1741, JPY @ $110.30, INR @ 73.835
*Today's Corporate Action*
*24th Sep Ex Date*
KPRMILL
Stock Split From Rs.5/- to Rs.1/-
POLYPLEX
Final Dividend - Rs. - 17.0000
RTL
Final Dividend - Rs. - 4.0000
*Today's Key Results/Board Meetings*
*24-Sep-21*
BINNY
Audited Results
MAITRI
Preferential Issue of shares
SICAL
Quarterly Results
VIKRAMTH
Scheme of Arrangement
*Stock under F&O ban on NSE*
*24-Sep-21*
1CANBK
2ESCORTS
3IBULHSGFIN
4IDEA
5IRCTC
6PNB
Nikkei +575 pts ,
Hangseng -24 pts ,
Now @6.52am .
Dow +506.50 pts ,Nsdq +155.40 pts, S&P
+53.34 pts,, Bovespa +1782 pts , Ftse -5 pts , Dax +137 pts , Cac +64 pts , Crude @ $73.28 brl (-0.02), Brent @ $77.25 brl (-0.00) , Gold @ 1746.90 (-3.90), Silver @ $22.58 (-0.09), Euro @ $1.1741, JPY @ $110.30, INR @ 73.835
*Today's Corporate Action*
*24th Sep Ex Date*
KPRMILL
Stock Split From Rs.5/- to Rs.1/-
POLYPLEX
Final Dividend - Rs. - 17.0000
RTL
Final Dividend - Rs. - 4.0000
*Today's Key Results/Board Meetings*
*24-Sep-21*
BINNY
Audited Results
MAITRI
Preferential Issue of shares
SICAL
Quarterly Results
VIKRAMTH
Scheme of Arrangement
*Stock under F&O ban on NSE*
*24-Sep-21*
1CANBK
2ESCORTS
3IBULHSGFIN
4IDEA
5IRCTC
6PNB
*Good Morning*
• India Signs Agreement with Successful Bidders of 8-Coal Mines
• India’s Power Outage Risks Increase as Coal Stockpiles Plummet
o Rains slowing down operations at mines, Coal India says
• Volkswagen India Sees Eight Months of Backlog on Chip Shortage
• India CCI Approves Sumitomo Mitsui’s Fullerton India Acquisition
• Ford India Plant Closing to Cost 40,000 Jobs at Dealers: Group
• India’s 2021-22 Soybean Output Seen Rising on Good Rains: Patel
• India Cumulative Monsoon Rainfall 3% Below Normal as of Sept. 23
• Global Funds Buy Net INR3.58B of India Stocks on Thursday: NSE
o Domestic funds buy net 11.7b rupees of stocks
• Foreign Investors Sell Net INR15.8B of Indian Equities on Sept. 22
• Global Funds Buy Net INR3.58B of Indian Stocks Thursday: NSE
• India Stocks Rise to Record as Festive Season Attracts Liquidity
• Delhi HC to hear Google’s plea on Friday against ‘leak’ of CCI probe information to media: PTI
• Australia’s Trade Minister to visit India next week: PTI
• Bank deposits rise 12% in FY21 on higher CASA growth: RBI data: PTI
• RBI to conduct INR4T, 14-day and INR500B, 4-day variable rate reverse repo auction
• India to sell dated govt bonds for 310b rupees, with an option to retain additional subscription up to 80b rupees against the securities
• Adani Enterprises (ADE): Says incorporates unit Adani Digital Lab to create platform for Adani B2C business
• Dish TV India (DITV): Says Co. examining Yes Bank’s letter seeking EGM
• UltraTech Cement (UTCEM): Says commits to 100% renewable energy usage by 2050
• Vedanta (VEDL): To delist American Depository Shares on low volume, cost
• India Signs Agreement with Successful Bidders of 8-Coal Mines
• India’s Power Outage Risks Increase as Coal Stockpiles Plummet
o Rains slowing down operations at mines, Coal India says
• Volkswagen India Sees Eight Months of Backlog on Chip Shortage
• India CCI Approves Sumitomo Mitsui’s Fullerton India Acquisition
• Ford India Plant Closing to Cost 40,000 Jobs at Dealers: Group
• India’s 2021-22 Soybean Output Seen Rising on Good Rains: Patel
• India Cumulative Monsoon Rainfall 3% Below Normal as of Sept. 23
• Global Funds Buy Net INR3.58B of India Stocks on Thursday: NSE
o Domestic funds buy net 11.7b rupees of stocks
• Foreign Investors Sell Net INR15.8B of Indian Equities on Sept. 22
• Global Funds Buy Net INR3.58B of Indian Stocks Thursday: NSE
• India Stocks Rise to Record as Festive Season Attracts Liquidity
• Delhi HC to hear Google’s plea on Friday against ‘leak’ of CCI probe information to media: PTI
• Australia’s Trade Minister to visit India next week: PTI
• Bank deposits rise 12% in FY21 on higher CASA growth: RBI data: PTI
• RBI to conduct INR4T, 14-day and INR500B, 4-day variable rate reverse repo auction
• India to sell dated govt bonds for 310b rupees, with an option to retain additional subscription up to 80b rupees against the securities
• Adani Enterprises (ADE): Says incorporates unit Adani Digital Lab to create platform for Adani B2C business
• Dish TV India (DITV): Says Co. examining Yes Bank’s letter seeking EGM
• UltraTech Cement (UTCEM): Says commits to 100% renewable energy usage by 2050
• Vedanta (VEDL): To delist American Depository Shares on low volume, cost
Accenture posts robust Q4 FY21 results, annual revenue crosses $50 billion
https://www.moneycontrol.com/news/business/accenture-posts-robust-q4-fy21-results-crosses-50-billion-in-annual-revenue-7499811.html
https://www.moneycontrol.com/news/business/accenture-posts-robust-q4-fy21-results-crosses-50-billion-in-annual-revenue-7499811.html
Moneycontrol
Accenture Posts Robust Q4 FY21 Results, Annual Revenue Crosses $50 Billion
The company has reported a 10 percent YoY increase in net profit at $1.44 billion in the August quarter, from $1.3 billion for the comparable quarter last year.
*Some interesting latest Data points*
- Debt has come down
- You would be surprised to know many companies have become debt free.
- Though PE multiple is historically highest but enterprise value to cash flow is 15.8 times which is historically average low in last 20 yrs (Avg has been generally 16)
- In 2008, enterprise value to cash flow was 25, so from here also there is a 60% value discount.
- Debt to equity ratio is just 0.16, we have never seen this India.
- Bonds yield GSEC is giving 6.2% and if you inverse the cash flow from enterprise value i.e. cash yield is 6.3%, rarely in India we have seen cash earnings yield higher than bond yield in last 20 years.
- In 2008 bond yields were 8% and cash yields were 4%, 50% discount still there.
- Many corporates are planning to double there capacity & that too without leveraging them.
_*- In 2003 to 2007 we had the best bull run but atleast in a year we have seen 15% correction every year or twice a year. So 15% to 20% correctiom is very much possible in any bull market run.*_
- It is not that market might not do well if the FED rises rates infact in interest rate rise cycle if you observe from bottom to top cycle market seems to do well as bond lose value in interest rate rise cycle so allocation increases towards equity and economy is also booming. Rising interest rates are good for market, it's when it touches the peak then it become little worry some.
- Debt has come down
- You would be surprised to know many companies have become debt free.
- Though PE multiple is historically highest but enterprise value to cash flow is 15.8 times which is historically average low in last 20 yrs (Avg has been generally 16)
- In 2008, enterprise value to cash flow was 25, so from here also there is a 60% value discount.
- Debt to equity ratio is just 0.16, we have never seen this India.
- Bonds yield GSEC is giving 6.2% and if you inverse the cash flow from enterprise value i.e. cash yield is 6.3%, rarely in India we have seen cash earnings yield higher than bond yield in last 20 years.
- In 2008 bond yields were 8% and cash yields were 4%, 50% discount still there.
- Many corporates are planning to double there capacity & that too without leveraging them.
_*- In 2003 to 2007 we had the best bull run but atleast in a year we have seen 15% correction every year or twice a year. So 15% to 20% correctiom is very much possible in any bull market run.*_
- It is not that market might not do well if the FED rises rates infact in interest rate rise cycle if you observe from bottom to top cycle market seems to do well as bond lose value in interest rate rise cycle so allocation increases towards equity and economy is also booming. Rising interest rates are good for market, it's when it touches the peak then it become little worry some.
Adani Enterprises’ Subsidiary Signs Share Subscription Agreement With Flemingo, MTRPL; Shares Advance
Shares of Adani Enterprises Ltd. rose nearly 3% to Rs 1,480 apiece after the company said that its wholly owned subsidiary Adani Airport Holdings Ltd. signed share subscription agreement with Flemingo Travel Retail Pvt (Flemingo) and Mumbai Travel Retail Pvt (MTRPL) for the purpose of strategic partnership to operate duty free outlets in airports and seaports.
In an exchange filing, Adani Enterprises said that the strategic partnership would allow the company to operate duty free outlets in airports and seaports by Flemingo and Adani Airport Holdings Ltd.
On completion of the transaction, Adani Airport Holdings will subscribe to 28,49,000 equity shares of face value of Rs 10 each constituting 74% of share capital of MTRPL for an aggregate investment of Rs 28.49 crore.
Shares of Adani Enterprises Ltd. rose nearly 3% to Rs 1,480 apiece after the company said that its wholly owned subsidiary Adani Airport Holdings Ltd. signed share subscription agreement with Flemingo Travel Retail Pvt (Flemingo) and Mumbai Travel Retail Pvt (MTRPL) for the purpose of strategic partnership to operate duty free outlets in airports and seaports.
In an exchange filing, Adani Enterprises said that the strategic partnership would allow the company to operate duty free outlets in airports and seaports by Flemingo and Adani Airport Holdings Ltd.
On completion of the transaction, Adani Airport Holdings will subscribe to 28,49,000 equity shares of face value of Rs 10 each constituting 74% of share capital of MTRPL for an aggregate investment of Rs 28.49 crore.
Good morning my dear readers,
Friday is named after the wife of Odin - 'Friaa'. She was associated with Venus, the Roman Goddess of Love and Beauty.
*No wonder why we all love this day so much. Wish you all a 'lovely' and 'beautiful' Friday :)
Today is Tech day.
*CarTrade update:
1- I recently attended a concall with the founder of India's largest car trading platform and he said something which stuck with me.
"It is impossible to make a loss in the used car business".
Basically, even you or I, if we started a used car trading business, we would likely make money.
2- The core thesis of CarTrade or most of the other Technology businesses is that they will capture market share from unorganised players.
*The used car market is absolutely perfect for this thesis to play out. Gone are the days of a 'broken' experience while selling or buying an used vehicle.
3- CarTrade has come down nicely from 1600 to 1380/share levels. Market cap has reduced to 6300 crore.
*But, yeh dil maange more. I would love to buy this around 5000cr mcap.
**Currently CarTrade is 0.16% of our portfolio in Negen PMS. It is too small to matter but this is a big watchlist stock for us. At the right price, this will do good for investors is my feeling.
4- I feel most of the top Tech players from the Car trading space will grow revenues at 20-25% CAGR for the next 10 years. The unorganised sector here has 'no chance' - please mark my words.
It will be structural growth without volatility and that's what I want across the Negen PMS portfolio.
Conclusion: Our strategy in Negen PMS for CarTrade is to start buying on further dips.
It is hard to control emotions and wait for dips but I'm glad we got this strategy bang on target with CarTrade.
-------------------------------------------------------------------------------------------------------------------
Universal Music 🎵:
1- The big boy of the Music space listed this week in Europe and it was beautiful.
+40% on day 1.
2- Bill Ackman had said - "Music Streaming is the best business I have ever seen".
*And I totally agree with him.
3- Not too long ago, everyone was busy copying music CDs and indulging in piracy. Music sales fell 60% in 2009-10.
*But with the rise of Spotify, Facebook, YouTube, Jio etc, everything changed on its head making Music Streaming the best business in the world according to me.
(Views can change too).
Conclusion: Sunny skies ahead for next 3-5 years as per all the music streaming platforms and labels. They cannot all be wrong.
*Not investing advice. Just for educational purposes.
-----------------------------------------------------------------------------------------------------------------
Before I go for the day, wanted to share that Negen PMS has been India's top ranked PMS for nearly half it's life as an investment manager.
Your blessings will take us a long way. We pledge to continue working relentlessly.
That's it for today my dear readers.
Next up, a very interesting special situation development. Watch this space.
My best,
Neil Bahal
Founder and CEO
Negen Capital PMS
Friday is named after the wife of Odin - 'Friaa'. She was associated with Venus, the Roman Goddess of Love and Beauty.
*No wonder why we all love this day so much. Wish you all a 'lovely' and 'beautiful' Friday :)
Today is Tech day.
*CarTrade update:
1- I recently attended a concall with the founder of India's largest car trading platform and he said something which stuck with me.
"It is impossible to make a loss in the used car business".
Basically, even you or I, if we started a used car trading business, we would likely make money.
2- The core thesis of CarTrade or most of the other Technology businesses is that they will capture market share from unorganised players.
*The used car market is absolutely perfect for this thesis to play out. Gone are the days of a 'broken' experience while selling or buying an used vehicle.
3- CarTrade has come down nicely from 1600 to 1380/share levels. Market cap has reduced to 6300 crore.
*But, yeh dil maange more. I would love to buy this around 5000cr mcap.
**Currently CarTrade is 0.16% of our portfolio in Negen PMS. It is too small to matter but this is a big watchlist stock for us. At the right price, this will do good for investors is my feeling.
4- I feel most of the top Tech players from the Car trading space will grow revenues at 20-25% CAGR for the next 10 years. The unorganised sector here has 'no chance' - please mark my words.
It will be structural growth without volatility and that's what I want across the Negen PMS portfolio.
Conclusion: Our strategy in Negen PMS for CarTrade is to start buying on further dips.
It is hard to control emotions and wait for dips but I'm glad we got this strategy bang on target with CarTrade.
-------------------------------------------------------------------------------------------------------------------
Universal Music 🎵:
1- The big boy of the Music space listed this week in Europe and it was beautiful.
+40% on day 1.
2- Bill Ackman had said - "Music Streaming is the best business I have ever seen".
*And I totally agree with him.
3- Not too long ago, everyone was busy copying music CDs and indulging in piracy. Music sales fell 60% in 2009-10.
*But with the rise of Spotify, Facebook, YouTube, Jio etc, everything changed on its head making Music Streaming the best business in the world according to me.
(Views can change too).
Conclusion: Sunny skies ahead for next 3-5 years as per all the music streaming platforms and labels. They cannot all be wrong.
*Not investing advice. Just for educational purposes.
-----------------------------------------------------------------------------------------------------------------
Before I go for the day, wanted to share that Negen PMS has been India's top ranked PMS for nearly half it's life as an investment manager.
Your blessings will take us a long way. We pledge to continue working relentlessly.
That's it for today my dear readers.
Next up, a very interesting special situation development. Watch this space.
My best,
Neil Bahal
Founder and CEO
Negen Capital PMS