FUTURE, AMAZON SET TO MULL TRUCE, MAY GO FOR OUT-OF-COURT SETTLEMENT - ECONOMIC TIMES
AUROBINDO PHARMA: CO CLARIFIES ON NEWS ITEM "AUROBINDO, MSN TO HALT PHASE 3 TRIAL IN MODERATE COVID PATIENTS"; CO SAYS DATA HAS BEEN SUBMITTED TO THE DCGI ALREADY
Brokrage Reports
GS on Radico Khaitan
Buy, TP Rs 1144
CLSA On Bharti Airtel
Maintain Buy, TP Rs 810
CITI on NMDC
Upgrade to Buy, TP Rs 190
Clsa on tata Steel maintain buy with Tgt price of 1950
JPM on vedl maintain buy with Tgt price of 400
Ms on Tata motors maintain buy with Tgt price of 448
Clsa on coal india Maintain buy with Tgt price of 210
Clsa on Hindalco maintain buy with Tgt price of 570
Ms on tcs maintain buy with Tgt price of 4200
CS on tcs maintain OP with Tgt price of 4550
Citi on NMDC maintain buy with Tgt price of 190
GS on Radico Khaitan
Buy, TP Rs 1144
CLSA On Bharti Airtel
Maintain Buy, TP Rs 810
CITI on NMDC
Upgrade to Buy, TP Rs 190
Clsa on tata Steel maintain buy with Tgt price of 1950
JPM on vedl maintain buy with Tgt price of 400
Ms on Tata motors maintain buy with Tgt price of 448
Clsa on coal india Maintain buy with Tgt price of 210
Clsa on Hindalco maintain buy with Tgt price of 570
Ms on tcs maintain buy with Tgt price of 4200
CS on tcs maintain OP with Tgt price of 4550
Citi on NMDC maintain buy with Tgt price of 190
*Ujjivan SFB Bank Q2FY22 Business Update - Neutral*
• Total loans came at Rs. 14508 Cr (+3.4% QoQ; +4% YoY)
• Disbursements came at Rs. 3122 Cr vs QoQ Rs. 1311 Cr & in Q4FY21 Rs. 4274 Cr
• Deposits increased +3% QoQ; +31% YoY
• CASA ratio improved to 22.5% vs QoQ 20.3% & YoY 16.5%
_Asset quality details are more important for this bank and so above details don’t have significant relevance_
• Total loans came at Rs. 14508 Cr (+3.4% QoQ; +4% YoY)
• Disbursements came at Rs. 3122 Cr vs QoQ Rs. 1311 Cr & in Q4FY21 Rs. 4274 Cr
• Deposits increased +3% QoQ; +31% YoY
• CASA ratio improved to 22.5% vs QoQ 20.3% & YoY 16.5%
_Asset quality details are more important for this bank and so above details don’t have significant relevance_
*HFCL Ltd.* | *CMP* Rs. 79 | *M Cap* Rs. 10205 Cr | *52 W H/L* 96/16
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 1122.1 Cr (-7% QoQ, 6.4% YoY) vs QoQ Rs. 1206.9 Cr, YoY Rs. 1054.3 Cr
EBIDTA came at Rs. 169.2 Cr (-9.2% QoQ, 26.6% YoY) vs QoQ Rs. 186.3 Cr, YoY Rs. 133.6 Cr
EBITDA Margin came at 15.1% vs QoQ 15.4%, YoY 12.7%
Adj. PAT came at Rs. 81.6 Cr vs QoQ Rs. 87.8 Cr, YoY Rs. 53.9 Cr
Quarter EPS is Rs. 0.6
Share is trading at P/E of 30.3x TTM EPS
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 1122.1 Cr (-7% QoQ, 6.4% YoY) vs QoQ Rs. 1206.9 Cr, YoY Rs. 1054.3 Cr
EBIDTA came at Rs. 169.2 Cr (-9.2% QoQ, 26.6% YoY) vs QoQ Rs. 186.3 Cr, YoY Rs. 133.6 Cr
EBITDA Margin came at 15.1% vs QoQ 15.4%, YoY 12.7%
Adj. PAT came at Rs. 81.6 Cr vs QoQ Rs. 87.8 Cr, YoY Rs. 53.9 Cr
Quarter EPS is Rs. 0.6
Share is trading at P/E of 30.3x TTM EPS
*Tata Metaliks Ltd.* | *CMP* Rs. 1136 | *M Cap* Rs. 3586 Cr | *52 W H/L* 1374/488
(Nirmal Bang Retail Research)
*Result has Declined*
Revenue from Operations came at Rs. 644.8 Cr (6.9% QoQ, 24.1% YoY) vs QoQ Rs. 603 Cr, YoY Rs. 519.6 Cr
EBIDTA came at Rs. 99.8 Cr (-35% QoQ, -8.8% YoY) vs QoQ Rs. 153.5 Cr, YoY Rs. 109.5 Cr
EBITDA Margin came at 15.5% vs QoQ 25.5%, YoY 21.1%
Adj. PAT came at Rs. 54.8 Cr vs QoQ Rs. 94.9 Cr, YoY Rs. 82.2 Cr
Quarter EPS is Rs. 17.4
Share is trading at EV/EBITDA of 6.28x FY23E EBITDA
(Nirmal Bang Retail Research)
*Result has Declined*
Revenue from Operations came at Rs. 644.8 Cr (6.9% QoQ, 24.1% YoY) vs QoQ Rs. 603 Cr, YoY Rs. 519.6 Cr
EBIDTA came at Rs. 99.8 Cr (-35% QoQ, -8.8% YoY) vs QoQ Rs. 153.5 Cr, YoY Rs. 109.5 Cr
EBITDA Margin came at 15.5% vs QoQ 25.5%, YoY 21.1%
Adj. PAT came at Rs. 54.8 Cr vs QoQ Rs. 94.9 Cr, YoY Rs. 82.2 Cr
Quarter EPS is Rs. 17.4
Share is trading at EV/EBITDA of 6.28x FY23E EBITDA
*Delta Corp Ltd.* | *CMP* Rs. 272 | *M Cap* Rs. 7258 Cr | *52 W H/L* 289/103
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 74.7 Cr (-1.5% QoQ, 94.7% YoY) vs QoQ Rs. 75.9 Cr, YoY Rs. 38.4 Cr
EBIDTA came at Rs. -19 Cr (-31.2% QoQ, -57.7% YoY) vs QoQ Rs. -27.6 Cr, YoY Rs. -44.9 Cr
EBITDA Margin came at -25.4% vs QoQ -36.4%, YoY -116.9%
Adj. PAT came at Rs. -22.6 Cr vs QoQ Rs. -28.9 Cr, YoY Rs. -42.2 Cr
Quarter EPS is Rs. -0.8
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 74.7 Cr (-1.5% QoQ, 94.7% YoY) vs QoQ Rs. 75.9 Cr, YoY Rs. 38.4 Cr
EBIDTA came at Rs. -19 Cr (-31.2% QoQ, -57.7% YoY) vs QoQ Rs. -27.6 Cr, YoY Rs. -44.9 Cr
EBITDA Margin came at -25.4% vs QoQ -36.4%, YoY -116.9%
Adj. PAT came at Rs. -22.6 Cr vs QoQ Rs. -28.9 Cr, YoY Rs. -42.2 Cr
Quarter EPS is Rs. -0.8
*Krsnaa Diagnostics Ltd.* | *CMP* Rs. 802 | *M Cap* Rs. 2518 Cr | *52 W H/L* 1100/753
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 108.3 Cr (-18.3% QoQ, -27.9% YoY) vs QoQ Rs. 132.5 Cr, YoY Rs. 150.2 Cr
EBIDTA came at Rs. 31.9 Cr (-23.1% QoQ, -25.3% YoY) vs QoQ Rs. 41.5 Cr, YoY Rs. 42.8 Cr
EBITDA Margin came at 29.5% vs QoQ 31.3%, YoY 28.5%
Adj. PAT came at Rs. 12.5 Cr vs QoQ Rs. 21.6 Cr, YoY Rs. 22.6 Cr
Quarter EPS is Rs. 4
Share is trading at P/E of 50.2x Q2 annualised EPS
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 108.3 Cr (-18.3% QoQ, -27.9% YoY) vs QoQ Rs. 132.5 Cr, YoY Rs. 150.2 Cr
EBIDTA came at Rs. 31.9 Cr (-23.1% QoQ, -25.3% YoY) vs QoQ Rs. 41.5 Cr, YoY Rs. 42.8 Cr
EBITDA Margin came at 29.5% vs QoQ 31.3%, YoY 28.5%
Adj. PAT came at Rs. 12.5 Cr vs QoQ Rs. 21.6 Cr, YoY Rs. 22.6 Cr
Quarter EPS is Rs. 4
Share is trading at P/E of 50.2x Q2 annualised EPS
PSP PROJECT: CO EMERGE AS A LOWEST BIDDER II CONTRACT WORTH 239 CRORE RUPEES
*GM Breweries Ltd.* | *CMP* Rs. 805 | *M Cap* Rs. 1471 Cr | *52 W H/L* 805/366
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 116 Cr (66.4% QoQ, 59.7% YoY) vs QoQ Rs. 69.7 Cr, YoY Rs. 72.6 Cr
EBIDTA came at Rs. 29.2 Cr (78% QoQ, 91.3% YoY) vs QoQ Rs. 16.4 Cr, YoY Rs. 15.3 Cr
EBITDA Margin came at 25.2% vs QoQ 23.5%, YoY 21%
Adj. PAT came at Rs. 21.9 Cr vs QoQ Rs. 11.6 Cr, YoY Rs. 11.2 Cr
Quarter EPS is Rs. 12
Share is trading at P/E of 14.7x TTM EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 116 Cr (66.4% QoQ, 59.7% YoY) vs QoQ Rs. 69.7 Cr, YoY Rs. 72.6 Cr
EBIDTA came at Rs. 29.2 Cr (78% QoQ, 91.3% YoY) vs QoQ Rs. 16.4 Cr, YoY Rs. 15.3 Cr
EBITDA Margin came at 25.2% vs QoQ 23.5%, YoY 21%
Adj. PAT came at Rs. 21.9 Cr vs QoQ Rs. 11.6 Cr, YoY Rs. 11.2 Cr
Quarter EPS is Rs. 12
Share is trading at P/E of 14.7x TTM EPS
INDIA DOT OFFICIAL: EXPECT TO AUCTION UP TO 3 PROPERTIES OF BSNL, MTNL BY MAR 31
Dear All,
Nirmal Bang is inviting you to a Zoom webinar.
When: Oct 14, 2021 02:00 PM India
Topic: Mr. Mark Martin, Founder and CEO, Martin Consulting in conversation with Ms. Hiral Dadia, Anchor and Editor.
Register in advance for this webinar:
https://us06web.zoom.us/webinar/register/WN_8JHAf5wqTZmSUK_JwYAAyQ
After registering, you will receive a confirmation email containing information about joining the webinar.
Nirmal Bang is inviting you to a Zoom webinar.
When: Oct 14, 2021 02:00 PM India
Topic: Mr. Mark Martin, Founder and CEO, Martin Consulting in conversation with Ms. Hiral Dadia, Anchor and Editor.
Register in advance for this webinar:
https://us06web.zoom.us/webinar/register/WN_8JHAf5wqTZmSUK_JwYAAyQ
After registering, you will receive a confirmation email containing information about joining the webinar.
Zoom Video Communications
Welcome! You are invited to join a webinar: Mr. Mark Martin, Founder and CEO, Martin Consulting in conversation with Ms. Hiral…
Aviation Outlook.
Dear All,
Nirmal Bang is inviting you to a Zoom webinar.
When: Oct 13, 2021 01:00 PM India
Topic: Mr. Sunil Subramaniam, MD, Sundaram Asset Mgmt in conversation with Ms. Hiral Dadia, Anchor and Editor.
Register in advance for this webinar:
https://us06web.zoom.us/webinar/register/WN_3PjxD8t1SfaJcChx8NpSBQ
After registering, you will receive a confirmation email containing information about joining the webinar.
Nirmal Bang is inviting you to a Zoom webinar.
When: Oct 13, 2021 01:00 PM India
Topic: Mr. Sunil Subramaniam, MD, Sundaram Asset Mgmt in conversation with Ms. Hiral Dadia, Anchor and Editor.
Register in advance for this webinar:
https://us06web.zoom.us/webinar/register/WN_3PjxD8t1SfaJcChx8NpSBQ
After registering, you will receive a confirmation email containing information about joining the webinar.
Zoom Video Communications
Welcome! You are invited to join a webinar: Mr. Sunil Subramaniam, MD, Sundaram Asset Mgmt in conversation with Ms. Hiral Dadia…
Market Outlook.