*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*
🌟THIS ARE THE LISTED STOCKS FROM BIG COMPANIES IN INDIA.
❤️❤️❤️
🎯TATA GROUP
1. TATA STEEL
2. TATA CHEMICALS
3. TATA ELXSI
4. TATA COFFEE
5. TCS
6.TATA MOTORS
7. TATA POWER
8. TATA CONSUMER
9. THE INDIAN HOTEL
10. VOLTAS
11. TRENT
12. TATA STEEL LONG PRODUCT
13. TATA INVESTMENT COR
14. NELCO
15. TATA METALLIKS
16. TITAN
17. TATA COMMUNICATIONS
🎯KALYANI GROUP
1. BHARAT FORGE
2. BF INVESTMENT
3. BF UTILITIES
4. KALYANI STEELS
5. AUTOMOTIVE AXLES
6. HIKAL LTD
🎯BIRLA GROUP
1. GRASIM
2. HINDALCO
3. ULTRATECH CEM
4 VODAFONE IDEA
5. ABFRL
5 ABCAPITAL
🎯ESSEL GROUP
1. ZEEL
2. ZEE MEDIA
3. DISH TV
4. SITI NETWORKS
5. ZEE LEARN
🎯ADANI GROUP
ADANI PORT
ADANI POWER
ADANI TRASNMISSION
ADANI GREEN
ADANI GAS
🎯BAJAJ GROUP
BAJAJ FINANCE
BAJAJ FINANCE SER
MAHARASTRA SCOOTERS
BAJAJ HOLDINGS
BAJAJ AUTO
🎯GODREJ GROUP
GODREJ INDUSTRIES
GODREJ CONSUMER PRODUCTS
GODREJ AGROVET
GODREJ PROPERTIES
🎯MAHINDRA GROUP
Mahindra & Mahindra Limited
Tech Mahindra
Mahindra & Mahindra Financial Services Limited
Mahindra CIE Automotive Limited
Mahindra Holidays & Resorts India Limited
Mahindra Logistics Limited
Mahindra Lifespace Developers Limited
Mahindra EPC
🎯Murugappa Group
Coromandel International Ltd.
Cholamandalam Investment and Finance Company Ltd
Tube Investments of India Ltd.
E.I.D. Parry (India) Ltd
Carborundum Universal Ltd.
Shanthi Gears Ltd.
Wendt (India) Ltd..
Hinduja Group
Ashok Leyland Ltd
IndusInd Bank Ltd
Gulf Oil Lubricants India Ltd
Hinduja Global
❤️❤️❤️
🎯TATA GROUP
1. TATA STEEL
2. TATA CHEMICALS
3. TATA ELXSI
4. TATA COFFEE
5. TCS
6.TATA MOTORS
7. TATA POWER
8. TATA CONSUMER
9. THE INDIAN HOTEL
10. VOLTAS
11. TRENT
12. TATA STEEL LONG PRODUCT
13. TATA INVESTMENT COR
14. NELCO
15. TATA METALLIKS
16. TITAN
17. TATA COMMUNICATIONS
🎯KALYANI GROUP
1. BHARAT FORGE
2. BF INVESTMENT
3. BF UTILITIES
4. KALYANI STEELS
5. AUTOMOTIVE AXLES
6. HIKAL LTD
🎯BIRLA GROUP
1. GRASIM
2. HINDALCO
3. ULTRATECH CEM
4 VODAFONE IDEA
5. ABFRL
5 ABCAPITAL
🎯ESSEL GROUP
1. ZEEL
2. ZEE MEDIA
3. DISH TV
4. SITI NETWORKS
5. ZEE LEARN
🎯ADANI GROUP
ADANI PORT
ADANI POWER
ADANI TRASNMISSION
ADANI GREEN
ADANI GAS
🎯BAJAJ GROUP
BAJAJ FINANCE
BAJAJ FINANCE SER
MAHARASTRA SCOOTERS
BAJAJ HOLDINGS
BAJAJ AUTO
🎯GODREJ GROUP
GODREJ INDUSTRIES
GODREJ CONSUMER PRODUCTS
GODREJ AGROVET
GODREJ PROPERTIES
🎯MAHINDRA GROUP
Mahindra & Mahindra Limited
Tech Mahindra
Mahindra & Mahindra Financial Services Limited
Mahindra CIE Automotive Limited
Mahindra Holidays & Resorts India Limited
Mahindra Logistics Limited
Mahindra Lifespace Developers Limited
Mahindra EPC
🎯Murugappa Group
Coromandel International Ltd.
Cholamandalam Investment and Finance Company Ltd
Tube Investments of India Ltd.
E.I.D. Parry (India) Ltd
Carborundum Universal Ltd.
Shanthi Gears Ltd.
Wendt (India) Ltd..
Hinduja Group
Ashok Leyland Ltd
IndusInd Bank Ltd
Gulf Oil Lubricants India Ltd
Hinduja Global
Mindtree Ltd. Concall update
(Nirmal Bang Retail Research)
*Outlook – Positive*
*With companies strategic focus and execution the company has given strong quarter and indicates they are well-positioned to capitalize on the strong demand environment and deliver profitable, industry-leading growth in FY22.Q3 is seasonally soft quarter however, overall demand environment is very solid*
• Order signed($ mn) came at $ 360 Mn has a good mix of annuity and transformational deals vs QoQ $ 504 Mn , YoY $ 303 Mn. Management indicates Fiscal booking will be higher on qtrly basis there can be volatility
• Constant Currency growth came at 13.4% Dollar revenue came at $ 350.1 Mn,(12.8% QoQ, 34.1% YoY).
• Growth in revenue was supported by growth in all sector and geography Retail, CPG & Manufacturing grew by 29.6% part of the demand traction was seasonal due to business opening up for retail .Travel & Hospitality had 4th consecutive quarter of double digit sequential growth led by increased focus of core modernisation and digital transformation; strategy to diversify growth
• Top client revenue came at 24.3% (+0% growth QoQ, +12.8% YoY) , management indicates there are enough opportunities and account will grow further
• EBITDA Margin improved by 20bps which improved due to 190 bps by business growth and operational efficiency which was offset by 140bps by wage hike and 30bps by cross currency. On an overall basis higher Operational efficiency, growth inline with profit , Added 2000 freshers which will offset attrition and high cost , management of subcontracting cost will help to sustain margins at 20%
• ETR for the quarter came at 25% vs 26.2%
• Adj. PAT came at Rs. 398.9 Cr
• Quarter EPS is Rs. 24.2
• Stock is trading at P/E of 43.8x FY23E EPS
(Nirmal Bang Retail Research)
*Outlook – Positive*
*With companies strategic focus and execution the company has given strong quarter and indicates they are well-positioned to capitalize on the strong demand environment and deliver profitable, industry-leading growth in FY22.Q3 is seasonally soft quarter however, overall demand environment is very solid*
• Order signed($ mn) came at $ 360 Mn has a good mix of annuity and transformational deals vs QoQ $ 504 Mn , YoY $ 303 Mn. Management indicates Fiscal booking will be higher on qtrly basis there can be volatility
• Constant Currency growth came at 13.4% Dollar revenue came at $ 350.1 Mn,(12.8% QoQ, 34.1% YoY).
• Growth in revenue was supported by growth in all sector and geography Retail, CPG & Manufacturing grew by 29.6% part of the demand traction was seasonal due to business opening up for retail .Travel & Hospitality had 4th consecutive quarter of double digit sequential growth led by increased focus of core modernisation and digital transformation; strategy to diversify growth
• Top client revenue came at 24.3% (+0% growth QoQ, +12.8% YoY) , management indicates there are enough opportunities and account will grow further
• EBITDA Margin improved by 20bps which improved due to 190 bps by business growth and operational efficiency which was offset by 140bps by wage hike and 30bps by cross currency. On an overall basis higher Operational efficiency, growth inline with profit , Added 2000 freshers which will offset attrition and high cost , management of subcontracting cost will help to sustain margins at 20%
• ETR for the quarter came at 25% vs 26.2%
• Adj. PAT came at Rs. 398.9 Cr
• Quarter EPS is Rs. 24.2
• Stock is trading at P/E of 43.8x FY23E EPS
*Infosys Ltd. Concall Update*
*Outlook – Positive*
(Nirmal Bang Retail Research)
• Demand environment is strong and management has Increased revenue growth guidance to 16.5%-17.5% from 14-16% previously in constant currency . Q3 being a seasonally soft quarter will see furloughs . Operating margin guidance will remains same at 22-24% Wage hike , higher attrition travel expense , will be offset by cost optimization , automation , change in onsite offshore mix
• TCV($ MN) came at $ 2152 Mn vs QoQ $ 2570 Mn, YoY $ 3145 Mn
• Revenue growth in CC terms QoQ came at 6.3% Dollar revenue came at $ 3998 Mn,(5.7% QoQ, 20.7% YoY) broad based growth all sector and service line in double digit
• On geographical front, Europe grew by 19.6% supported by Dailmer deal . US management indicated pipeline continue to be strong and market leading
• EBIT Margin came at 23.4% vs QoQ 23.5% improvement in margins was led by 80 bps cost optimization , 50 bps SGA benefit, 30 Bps Cross currency which was offset by 110 bps wage hike , 50 bps subcontracting cost
• Utilisation improved to 89.2% all time high
• Added 117 new clients in last quarter
• Adj. PAT came at Rs. 5421 Cr
• Quarter EPS is Rs. 12.7
• Stock is trading at P/E of 28.4x FY22E EPS
*Outlook – Positive*
(Nirmal Bang Retail Research)
• Demand environment is strong and management has Increased revenue growth guidance to 16.5%-17.5% from 14-16% previously in constant currency . Q3 being a seasonally soft quarter will see furloughs . Operating margin guidance will remains same at 22-24% Wage hike , higher attrition travel expense , will be offset by cost optimization , automation , change in onsite offshore mix
• TCV($ MN) came at $ 2152 Mn vs QoQ $ 2570 Mn, YoY $ 3145 Mn
• Revenue growth in CC terms QoQ came at 6.3% Dollar revenue came at $ 3998 Mn,(5.7% QoQ, 20.7% YoY) broad based growth all sector and service line in double digit
• On geographical front, Europe grew by 19.6% supported by Dailmer deal . US management indicated pipeline continue to be strong and market leading
• EBIT Margin came at 23.4% vs QoQ 23.5% improvement in margins was led by 80 bps cost optimization , 50 bps SGA benefit, 30 Bps Cross currency which was offset by 110 bps wage hike , 50 bps subcontracting cost
• Utilisation improved to 89.2% all time high
• Added 117 new clients in last quarter
• Adj. PAT came at Rs. 5421 Cr
• Quarter EPS is Rs. 12.7
• Stock is trading at P/E of 28.4x FY22E EPS
*Plastiblends India Ltd.* | *CMP* Rs. 283 | *M Cap* Rs. 735 Cr | *52 W H/L* 306/185
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 171.4 Cr (11.8% QoQ, 20.3% YoY) vs QoQ Rs. 153.3 Cr, YoY Rs. 142.4 Cr
EBIDTA came at Rs. 11 Cr (-13.6% QoQ, -33.9% YoY) vs QoQ Rs. 12.8 Cr, YoY Rs. 16.7 Cr
EBITDA Margin came at 6.4% vs QoQ 8.3%, YoY 11.7%
Adj. PAT came at Rs. 5.5 Cr vs QoQ Rs. 6.7 Cr, YoY Rs. 7.6 Cr
Quarter EPS is Rs. 2.1
Share is trading at P/E of 20.6x TTM EPS
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 171.4 Cr (11.8% QoQ, 20.3% YoY) vs QoQ Rs. 153.3 Cr, YoY Rs. 142.4 Cr
EBIDTA came at Rs. 11 Cr (-13.6% QoQ, -33.9% YoY) vs QoQ Rs. 12.8 Cr, YoY Rs. 16.7 Cr
EBITDA Margin came at 6.4% vs QoQ 8.3%, YoY 11.7%
Adj. PAT came at Rs. 5.5 Cr vs QoQ Rs. 6.7 Cr, YoY Rs. 7.6 Cr
Quarter EPS is Rs. 2.1
Share is trading at P/E of 20.6x TTM EPS