*Wipro ltd.* | *CMP* Rs. 672 | *M Cap* Rs. 368311 Cr | *52 W H/L* 699/331
(Nirmal Bang Retail Research)
Expect the revenue from IT Services business to be in the range of $2,631 million to $2,683 million(2-4%)
*Result is above expectation*
CC QoQ came at 8.1% vs expectation of 6.9%, QoQ 12%, YoY 2%
Dollar revenue came at $ 2580 Mn,(6.9% QoQ, 29.5% YoY) vs expectation of $ 2575.3 Mn, QoQ $ 2414.5 Mn, YoY $ 1992.4 Mn
Net sales came at Rs. 19667.4 Cr (7.8% QoQ, 30.1% YoY) vs expectation of Rs. 19363.4 Cr, QoQ Rs. 18252.4 Cr, YoY Rs. 15114.5 Cr
EBIT came at Rs. 3397.2 Cr (8.2% QoQ, 21.4% YoY) vs expectation of Rs. 3218.3 Cr, QoQ Rs. 3141 Cr, YoY Rs. 2797.5 Cr
EBIT Margin came at 17.3% vs expectation of 16.6%, QoQ 17.2%, YoY 18.5%
Adj. PAT came at Rs. 2930.5 Cr vs expectation of Rs. 2875.2 Cr, QoQ Rs. 3232.1 Cr, YoY Rs. 2465.6 Cr
Quarter EPS is Rs. 5.3
Stock is trading at P/E of 30.4x FY22E EPS
(Nirmal Bang Retail Research)
Expect the revenue from IT Services business to be in the range of $2,631 million to $2,683 million(2-4%)
*Result is above expectation*
CC QoQ came at 8.1% vs expectation of 6.9%, QoQ 12%, YoY 2%
Dollar revenue came at $ 2580 Mn,(6.9% QoQ, 29.5% YoY) vs expectation of $ 2575.3 Mn, QoQ $ 2414.5 Mn, YoY $ 1992.4 Mn
Net sales came at Rs. 19667.4 Cr (7.8% QoQ, 30.1% YoY) vs expectation of Rs. 19363.4 Cr, QoQ Rs. 18252.4 Cr, YoY Rs. 15114.5 Cr
EBIT came at Rs. 3397.2 Cr (8.2% QoQ, 21.4% YoY) vs expectation of Rs. 3218.3 Cr, QoQ Rs. 3141 Cr, YoY Rs. 2797.5 Cr
EBIT Margin came at 17.3% vs expectation of 16.6%, QoQ 17.2%, YoY 18.5%
Adj. PAT came at Rs. 2930.5 Cr vs expectation of Rs. 2875.2 Cr, QoQ Rs. 3232.1 Cr, YoY Rs. 2465.6 Cr
Quarter EPS is Rs. 5.3
Stock is trading at P/E of 30.4x FY22E EPS
Bulk Deal as on 13-10-21
Arvind Ltd
+ 15.15 Lk @ 122.72 OKOWORLD Growing Market 2.0
BAJAJ Hindustan Sugar
- 67.74 Lk @ 14.58 Ramlal Kanwarlal Jain
Brahminfra
+ 1.60 Lk @ 34.43 Sharad Kanayalal Shah
Spel Semiconductor
+ 4.55 Lk @ 27.94 Sharad Kanayalal Shah
Walchandnagar Ind Ltd
- 4 Lk @ 56.2 Vistra Itcl Ind Ltd
Arvind Ltd
+ 15.15 Lk @ 122.72 OKOWORLD Growing Market 2.0
BAJAJ Hindustan Sugar
- 67.74 Lk @ 14.58 Ramlal Kanwarlal Jain
Brahminfra
+ 1.60 Lk @ 34.43 Sharad Kanayalal Shah
Spel Semiconductor
+ 4.55 Lk @ 27.94 Sharad Kanayalal Shah
Walchandnagar Ind Ltd
- 4 Lk @ 56.2 Vistra Itcl Ind Ltd
INFOSYS: Q2 CONS NET PROFIT 54.21B RUPEES VS 48.45B (YOY); EST 53B | 52B (QOQ) || Q2 REVENUE 296.02B RUPEES VS 245.7B (YOY); 279B (QOQ)
INFOSYS: CO DECLARED AN INTERIM DIVIDEND OF 15 RUPEES/SHARE
INFOSYS: CO DECLARED AN INTERIM DIVIDEND OF 15 RUPEES/SHARE
Tata Motors' EV Plans Are Atmanirbhar On Batteries, Infrastructure: Company To BQ
Building an electric vehicle ecosystem will be a group effort, said the Tata Motors Ltd.'s management in an interview with BloombergQuint. From batteries to charging infrastructure, the Indian auto major intends to be self-reliant or group-reliant.
"We would not wait for a PPP model, because it can be slow at times," said Shailesh Chandra, president of the passenger vehicles business at Tata Motors, referring to public-private partnerships for infrastructure.
"It is about working with the Tata companies which have the domain expertise in this area, where they are convinced that this is a wave that they would like to ride upon," he said. "The members of the Tata Group are very bullish on this space. We are also open to any enabling support if needed, for example, helping Tata Power Ltd. with identifying the right places to put up chargers."
The key investor in the company's newly announced EV subsidiary, TML EVCo, has endorsed that strategy. TPG Rise Climate, along with ADQ, will not only invest a billion dollars for an 11-15% stake in the unit, but will also support group efforts with further funding, said Ankur Thadani, partner at TPG Growth and Rise Fund, in the interview.
The key investor in the company's newly announced EV subsidiary, TML EVCo, has endorsed that strategy. TPG Rise Climate, along with ADQ, will not only invest a billion dollars for an 11-15% stake in the unit, but will also support group efforts with further funding, said Ankur Thadani, partner at TPG Growth and Rise Fund, in the interview.
"There is a group-wide commitment, and not just a Tata Motors commitment, and there is ample evidence that the group is working as one Tata," Thadani said. "For Tata Motors, we will make whatever investments we need to make to achieve the vision we have for the company."
Investors and analysts have welcomed Tata Motors' announcement to set up an EV subsidiary with external investment from these marquee investors. The company's shares on Tuesday rose to their highest since Feb. 14, 2017.
Building an electric vehicle ecosystem will be a group effort, said the Tata Motors Ltd.'s management in an interview with BloombergQuint. From batteries to charging infrastructure, the Indian auto major intends to be self-reliant or group-reliant.
"We would not wait for a PPP model, because it can be slow at times," said Shailesh Chandra, president of the passenger vehicles business at Tata Motors, referring to public-private partnerships for infrastructure.
"It is about working with the Tata companies which have the domain expertise in this area, where they are convinced that this is a wave that they would like to ride upon," he said. "The members of the Tata Group are very bullish on this space. We are also open to any enabling support if needed, for example, helping Tata Power Ltd. with identifying the right places to put up chargers."
The key investor in the company's newly announced EV subsidiary, TML EVCo, has endorsed that strategy. TPG Rise Climate, along with ADQ, will not only invest a billion dollars for an 11-15% stake in the unit, but will also support group efforts with further funding, said Ankur Thadani, partner at TPG Growth and Rise Fund, in the interview.
The key investor in the company's newly announced EV subsidiary, TML EVCo, has endorsed that strategy. TPG Rise Climate, along with ADQ, will not only invest a billion dollars for an 11-15% stake in the unit, but will also support group efforts with further funding, said Ankur Thadani, partner at TPG Growth and Rise Fund, in the interview.
"There is a group-wide commitment, and not just a Tata Motors commitment, and there is ample evidence that the group is working as one Tata," Thadani said. "For Tata Motors, we will make whatever investments we need to make to achieve the vision we have for the company."
Investors and analysts have welcomed Tata Motors' announcement to set up an EV subsidiary with external investment from these marquee investors. The company's shares on Tuesday rose to their highest since Feb. 14, 2017.
Auto Component players Minda Industries and Sona BLW spikes after TPG Deal with Tata Motor
· Auto Component stocks are witnessing smart rally after the news that the TPG investing Rs 7,500 crore in Tata Motors EV arm.
· Shares of Minda Industries, Sona BLW gained rose nearly 6% and 10% respectively
· Minda Industries Trading volume was quadruple the 20-day average volume for this time of day.
· The rise in shares of the automotive supplier to OEMs comes amid TPG investing Rs 7,500 crore in Tata Motors EV arm.
· Shares of other component suppliers like Motherson Sumi, Bosch, Sona BLW have risen in trade as well
· Auto Component stocks are witnessing smart rally after the news that the TPG investing Rs 7,500 crore in Tata Motors EV arm.
· Shares of Minda Industries, Sona BLW gained rose nearly 6% and 10% respectively
· Minda Industries Trading volume was quadruple the 20-day average volume for this time of day.
· The rise in shares of the automotive supplier to OEMs comes amid TPG investing Rs 7,500 crore in Tata Motors EV arm.
· Shares of other component suppliers like Motherson Sumi, Bosch, Sona BLW have risen in trade as well
VOLUMESHOCKERS -
13/10/2021
BHEL
JINDALSTEL
M&M
TATACHEM
TATAMOTORS
TATAPOWER
ZEEL
High Institutional Money Flow Scrips - Today
* Play as per your StopLoss Rules
13/10/2021
BHEL
JINDALSTEL
M&M
TATACHEM
TATAMOTORS
TATAPOWER
ZEEL
High Institutional Money Flow Scrips - Today
* Play as per your StopLoss Rules
14 OCT,2021
BAN SCRIP-
BANKBARODA
BHEL
IBULHSGFIN
IDEA
NATIONALUM
PNB
SAIL
SUNTV
*New in Ban-BHEL,IDEA *
*Out of Ban-IRCTC*
BAN SCRIP-
BANKBARODA
BHEL
IBULHSGFIN
IDEA
NATIONALUM
PNB
SAIL
SUNTV
*New in Ban-BHEL,IDEA *
*Out of Ban-IRCTC*