Sangam India to issue 57 lakh warrant to invester (Mrs.Madhuri Madhusudan Kela 21 lakh) & promotor 36 lakh at a price of Rs 180 per share.
*HDFC Bank Q2FY22 Concall Update*
(Nirmal Bang Securities)
• _*Overall stable performance*_
• _*Rise in restructured book is slightly disappointing although contingent provision buffer is adequate*_
• _*Strong growth outlook particularly for Rural & SME segments fuels our optimism*_
*Outlook: Positive in long term*
• Slippage ratio came at 1.8% vs QoQ 2.5%. Average over FY18-20 (pre-covid) was at 1.8%.
• Demand resolution is at 97.5% against precovid level of 98%. Recovery rates are higher than precovid levels.
• Gross NPA came at 1.35% vs QoQ 1.47%. Net NPA came at 0.40% vs QoQ 0.48%.
• Restructured loans are at ~Rs. 18,000 Cr (1.5%) vs QoQ ~Rs. 7,800 Cr (0.7%). Bank expects 10-20 bps to slip into NPA.
• Provisions came at Rs. 3925 Cr (1.40%) vs expectation of Rs. 4157 Cr (1.49%), YoY Rs. 3703 Cr (1.53%), QoQ Rs. 4831 Cr (1.80%).
• Provision made during the qtr includes Rs. 1200 Cr towards contingent provisions taking total contingent provisions to Rs. 7756 Cr (65bps) vs QoQ Rs. 6596 Cr (57 bps).
• Also total provisions (specific + floating + contingent) are 163% of GNPA.
• Total advances increased by 4.5% QoQ & by 15% YoY to Rs. 11,98,837 Cr.
• Retail loans grew +4.5% QoQ; +11% YoY.
• Sep month saw 37% decline in overall auto sales; while disbursals for HDFC Bank grew by 36% in the same month.
• Disbursal run-rate for 4W is robust and 2W is lagging but runrate should reach pre-covid levels over next 60 days.
• Co gained market share in CV financing. Growth in e-commerce and infra spends by Govt should drive growth in CVs.
• Home & LAP are witnessing good QoQ growth.
• *Expansion continues in semi-urban & rural areas.* Rural economy is stable with normal monsoon. Employment levels have reached pre-covid levels as per CMIE data. Mobility index has shown good improvement.
• *SME loans grew by 7.5% QoQ.*
• *Rural & SME books should grow at a fast pace.*
• Recovery in consumption & exports will drive higher utilization levels and thus higher growth in wholesale book.
• NIMs remained constant both on QoQ & YoY basis at 4.1%.
• NII grew by 12% YoY.
• Other income grew by 21% YoY on the back of a low base as covid 1 lockdown was much more stricter and thus this qtr, fee income grew faster.
• Total income grew by 15% YoY. While opex and PPP grew by 14 & 15% respectively.
• CASA ratio improved to 46.8% vs QoQ 45.5% & YoY 41.6%.
• HDB Financial loan book was at Rs. 60,008 Cr (+4.6% QoQ & flat YoY). Credit cost in HDB remained elevated at 4.2% vs QoQ 3.3% & YoY 6.2%. GNPA reduced to 6.1% vs QoQ 7.7%.
Share is trading at P/E of 21.2x FY23E EPS & 4.4x trailing P/Adj. BV
(Nirmal Bang Securities)
• _*Overall stable performance*_
• _*Rise in restructured book is slightly disappointing although contingent provision buffer is adequate*_
• _*Strong growth outlook particularly for Rural & SME segments fuels our optimism*_
*Outlook: Positive in long term*
• Slippage ratio came at 1.8% vs QoQ 2.5%. Average over FY18-20 (pre-covid) was at 1.8%.
• Demand resolution is at 97.5% against precovid level of 98%. Recovery rates are higher than precovid levels.
• Gross NPA came at 1.35% vs QoQ 1.47%. Net NPA came at 0.40% vs QoQ 0.48%.
• Restructured loans are at ~Rs. 18,000 Cr (1.5%) vs QoQ ~Rs. 7,800 Cr (0.7%). Bank expects 10-20 bps to slip into NPA.
• Provisions came at Rs. 3925 Cr (1.40%) vs expectation of Rs. 4157 Cr (1.49%), YoY Rs. 3703 Cr (1.53%), QoQ Rs. 4831 Cr (1.80%).
• Provision made during the qtr includes Rs. 1200 Cr towards contingent provisions taking total contingent provisions to Rs. 7756 Cr (65bps) vs QoQ Rs. 6596 Cr (57 bps).
• Also total provisions (specific + floating + contingent) are 163% of GNPA.
• Total advances increased by 4.5% QoQ & by 15% YoY to Rs. 11,98,837 Cr.
• Retail loans grew +4.5% QoQ; +11% YoY.
• Sep month saw 37% decline in overall auto sales; while disbursals for HDFC Bank grew by 36% in the same month.
• Disbursal run-rate for 4W is robust and 2W is lagging but runrate should reach pre-covid levels over next 60 days.
• Co gained market share in CV financing. Growth in e-commerce and infra spends by Govt should drive growth in CVs.
• Home & LAP are witnessing good QoQ growth.
• *Expansion continues in semi-urban & rural areas.* Rural economy is stable with normal monsoon. Employment levels have reached pre-covid levels as per CMIE data. Mobility index has shown good improvement.
• *SME loans grew by 7.5% QoQ.*
• *Rural & SME books should grow at a fast pace.*
• Recovery in consumption & exports will drive higher utilization levels and thus higher growth in wholesale book.
• NIMs remained constant both on QoQ & YoY basis at 4.1%.
• NII grew by 12% YoY.
• Other income grew by 21% YoY on the back of a low base as covid 1 lockdown was much more stricter and thus this qtr, fee income grew faster.
• Total income grew by 15% YoY. While opex and PPP grew by 14 & 15% respectively.
• CASA ratio improved to 46.8% vs QoQ 45.5% & YoY 41.6%.
• HDB Financial loan book was at Rs. 60,008 Cr (+4.6% QoQ & flat YoY). Credit cost in HDB remained elevated at 4.2% vs QoQ 3.3% & YoY 6.2%. GNPA reduced to 6.1% vs QoQ 7.7%.
Share is trading at P/E of 21.2x FY23E EPS & 4.4x trailing P/Adj. BV
*Sangam (India) Ltd.* | *CMP* Rs. 212 | *M Cap* Rs. 921 Cr | *52 W H/L* 212/46
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 638.7 Cr (55.3% QoQ, 104.4% YoY) vs QoQ Rs. 411.2 Cr, YoY Rs. 312.4 Cr
EBIDTA came at Rs. 73.5 Cr (49.5% QoQ, 211% YoY) vs QoQ Rs. 49.1 Cr, YoY Rs. 23.6 Cr
EBITDA Margin came at 11.5% vs QoQ 11.9%, YoY 7.6%
Adj. PAT came at Rs. 29.9 Cr vs QoQ Rs. 12.9 Cr, YoY Rs. -4.2 Cr
Quarter EPS is Rs. 6.9
Share is trading at P/E of 11x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 638.7 Cr (55.3% QoQ, 104.4% YoY) vs QoQ Rs. 411.2 Cr, YoY Rs. 312.4 Cr
EBIDTA came at Rs. 73.5 Cr (49.5% QoQ, 211% YoY) vs QoQ Rs. 49.1 Cr, YoY Rs. 23.6 Cr
EBITDA Margin came at 11.5% vs QoQ 11.9%, YoY 7.6%
Adj. PAT came at Rs. 29.9 Cr vs QoQ Rs. 12.9 Cr, YoY Rs. -4.2 Cr
Quarter EPS is Rs. 6.9
Share is trading at P/E of 11x TTM EPS
*Avenue Supermarts Ltd.* | *CMP* Rs. 5350 | *M Cap* Rs. 346559 Cr | *52 W H/L* 5350/1949
(Nirmal Bang Retail Research)
*Result marginally ahead of Expectation*
Revenue from Operations came at Rs. 7649.6 Cr (52% QoQ, 46.6% YoY) vs expectation of Rs. 7649.6 Cr, QoQ Rs. 5031.8 Cr, YoY Rs. 5218.2 Cr
EBIDTA came at Rs. 670.2 Cr (202.9% QoQ, 106.3% YoY) vs expectation of Rs. 630.7 Cr, QoQ Rs. 221.2 Cr, YoY Rs. 324.9 Cr
EBITDA Margin came at 8.8% vs expectation of 8.2%, QoQ 4.4%, YoY 6.2%
Adj. PAT came at Rs. 448.9 Cr vs expectation of Rs. 410.1 Cr, QoQ Rs. 115.1 Cr, YoY Rs. 210.6 Cr
Quarter EPS is Rs. 6.9
Share is trading at P/E of 140x FY23E EPS
(Nirmal Bang Retail Research)
*Result marginally ahead of Expectation*
Revenue from Operations came at Rs. 7649.6 Cr (52% QoQ, 46.6% YoY) vs expectation of Rs. 7649.6 Cr, QoQ Rs. 5031.8 Cr, YoY Rs. 5218.2 Cr
EBIDTA came at Rs. 670.2 Cr (202.9% QoQ, 106.3% YoY) vs expectation of Rs. 630.7 Cr, QoQ Rs. 221.2 Cr, YoY Rs. 324.9 Cr
EBITDA Margin came at 8.8% vs expectation of 8.2%, QoQ 4.4%, YoY 6.2%
Adj. PAT came at Rs. 448.9 Cr vs expectation of Rs. 410.1 Cr, QoQ Rs. 115.1 Cr, YoY Rs. 210.6 Cr
Quarter EPS is Rs. 6.9
Share is trading at P/E of 140x FY23E EPS
*HDFC Bank Ltd.* | *CMP* Rs. 1686 | *M Cap* Rs. 933614 Cr | *52 W H/L* 1789/1164
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Net Interest Income came at Rs. 17684 Cr vs expectation of Rs. 17508 Cr, YoY Rs. 15776 Cr, QoQ Rs. 17009 Cr
NIMs remained constant both on QoQ & YoY basis at 4.1%.
Non Interest Income came at Rs. 7401 Cr vs expectation of Rs. 6833 Cr, YoY Rs. 6092 Cr, QoQ Rs. 6289 Cr
Out of above, Fee & commission income was at Rs. 4946 Cr vs YoY Rs. 3940Cr
PBP came at Rs. 15807 Cr vs expectation of Rs. 15776 Cr, YoY Rs. 13814 Cr, QoQ Rs. 15137 Cr
Provisions came at Rs. 3925 Cr vs expectation of Rs. 4157 Cr, YoY Rs. 3704 Cr, QoQ Rs. 4831 Cr
Adj. PAT came at Rs. 8834 Cr vs expectation of Rs. 8707 Cr, YoY Rs. 7513 Cr, QoQ Rs. 7730 Cr
Gross NPA came at Rs. 16346 Cr vs QoQ Rs. 17099 Cr at 1.35% vs QoQ 1.47%
Net NPA came at Rs. 4755 Cr vs QoQ Rs. 5486 Cr at 0.4% vs QoQ 0.48%
Quarter EPS is Rs. 16
Share is trading at P/E of 21.2x FY23E EPS & 4.4x trailing P/Adj. BV
# HDB Financial loan book was at Rs. 60,008 Cr (+4.6% QoQ & flat YoY). Credit cost in HDB remained elevated at 4.2% vs QoQ 3.3% & YoY 6.2%. GNPA reduced to 6.1% vs QoQ 7.7%.
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Net Interest Income came at Rs. 17684 Cr vs expectation of Rs. 17508 Cr, YoY Rs. 15776 Cr, QoQ Rs. 17009 Cr
NIMs remained constant both on QoQ & YoY basis at 4.1%.
Non Interest Income came at Rs. 7401 Cr vs expectation of Rs. 6833 Cr, YoY Rs. 6092 Cr, QoQ Rs. 6289 Cr
Out of above, Fee & commission income was at Rs. 4946 Cr vs YoY Rs. 3940Cr
PBP came at Rs. 15807 Cr vs expectation of Rs. 15776 Cr, YoY Rs. 13814 Cr, QoQ Rs. 15137 Cr
Provisions came at Rs. 3925 Cr vs expectation of Rs. 4157 Cr, YoY Rs. 3704 Cr, QoQ Rs. 4831 Cr
Adj. PAT came at Rs. 8834 Cr vs expectation of Rs. 8707 Cr, YoY Rs. 7513 Cr, QoQ Rs. 7730 Cr
Gross NPA came at Rs. 16346 Cr vs QoQ Rs. 17099 Cr at 1.35% vs QoQ 1.47%
Net NPA came at Rs. 4755 Cr vs QoQ Rs. 5486 Cr at 0.4% vs QoQ 0.48%
Quarter EPS is Rs. 16
Share is trading at P/E of 21.2x FY23E EPS & 4.4x trailing P/Adj. BV
# HDB Financial loan book was at Rs. 60,008 Cr (+4.6% QoQ & flat YoY). Credit cost in HDB remained elevated at 4.2% vs QoQ 3.3% & YoY 6.2%. GNPA reduced to 6.1% vs QoQ 7.7%.
Tata Power is in talks with large pension and sovereign asset managers, including Canada Pension Plan Invest Board (CPPIB) and Government of Singapore Investment Corp. (GIC), to raise at least $500 million ahead of a planned initial public offering (IPO) by its renewable energy unit.
The unit is one of India's largest renewable energy businesses with an operating capacity of 2.6 GW comprising wind and solar in a 32:68 ratio spread across 11 states. ....ET Positive
The unit is one of India's largest renewable energy businesses with an operating capacity of 2.6 GW comprising wind and solar in a 32:68 ratio spread across 11 states. ....ET Positive
The board of PNB Housing Finance Ltd has terminated a Rs 4,000-crore fund raising deal with a Carlyle-led group of investors citing pending legal issues which may delay regulatory approvals.
Subsequently, Pluto Investments, a Carlyle entity will be initiating the process to withdraw an open offer made by them...Negative
Subsequently, Pluto Investments, a Carlyle entity will be initiating the process to withdraw an open offer made by them...Negative
*INDIABULLS REAL ESTATE LTD.* | *CMP* Rs. 164 | *M Cap* Rs. 7456 Cr | *52 W H/L* 175/46
(Nirmal Bang Retail Research)
New Booking came at Rs.514cr vs QoQ Rs.350cr Yoy 348cr
*Result ok*
Revenue from Operations came at Rs. 349.3 Cr (-32.8% QoQ, 1633.7% YoY) vs QoQ Rs. 519.7 Cr, YoY Rs. 20.1 Cr
EBIDTA came at Rs. 22.4 Cr (-44.8% QoQ, -154.1% YoY) vs QoQ Rs. 40.6 Cr, YoY Rs. -41.5 Cr
EBITDA Margin came at 6.4% vs QoQ 7.8%, YoY -205.7%
Adj. PAT came at Rs. 5.5 Cr vs QoQ Rs. 4.8 Cr, YoY Rs. -76.1 Cr
Quarter EPS is Rs. 0.1
Share is trading at P/E of 40.2x TTM EPS
(Nirmal Bang Retail Research)
New Booking came at Rs.514cr vs QoQ Rs.350cr Yoy 348cr
*Result ok*
Revenue from Operations came at Rs. 349.3 Cr (-32.8% QoQ, 1633.7% YoY) vs QoQ Rs. 519.7 Cr, YoY Rs. 20.1 Cr
EBIDTA came at Rs. 22.4 Cr (-44.8% QoQ, -154.1% YoY) vs QoQ Rs. 40.6 Cr, YoY Rs. -41.5 Cr
EBITDA Margin came at 6.4% vs QoQ 7.8%, YoY -205.7%
Adj. PAT came at Rs. 5.5 Cr vs QoQ Rs. 4.8 Cr, YoY Rs. -76.1 Cr
Quarter EPS is Rs. 0.1
Share is trading at P/E of 40.2x TTM EPS
*Den Networks Ltd.* | *CMP* Rs. 54 | *M Cap* Rs. 2577 Cr | *52 W H/L* 94/42
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 325 Cr (7.3% QoQ, -3.8% YoY) vs QoQ Rs. 303 Cr, YoY Rs. 337.7 Cr
EBIDTA came at Rs. 50.4 Cr (5.8% QoQ, -19.3% YoY) vs QoQ Rs. 47.6 Cr, YoY Rs. 62.4 Cr
EBITDA Margin came at 15.5% vs QoQ 15.7%, YoY 18.5%
Adj. PAT came at Rs. 39.3 Cr vs QoQ Rs. 41.1 Cr, YoY Rs. 36.8 Cr
Quarter EPS is Rs. 0.8
Share is trading at P/E of 14.1x TTM EPS
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 325 Cr (7.3% QoQ, -3.8% YoY) vs QoQ Rs. 303 Cr, YoY Rs. 337.7 Cr
EBIDTA came at Rs. 50.4 Cr (5.8% QoQ, -19.3% YoY) vs QoQ Rs. 47.6 Cr, YoY Rs. 62.4 Cr
EBITDA Margin came at 15.5% vs QoQ 15.7%, YoY 18.5%
Adj. PAT came at Rs. 39.3 Cr vs QoQ Rs. 41.1 Cr, YoY Rs. 36.8 Cr
Quarter EPS is Rs. 0.8
Share is trading at P/E of 14.1x TTM EPS
*Mahindra CIE Automotive Ltd.* | *CMP* Rs. 251 | *M Cap* Rs. 9509 Cr | *52 W H/L* 281/128
(Nirmal Bang Retail Research)
*Result is inline with expectation*
Revenue from Operations came at Rs. 2090.7 Cr (2.4% QoQ, 23.4% YoY) vs expectation of Rs. 2089.1 Cr, QoQ Rs. 2042.5 Cr, YoY Rs. 1694.3 Cr
EBIDTA came at Rs. 268.5 Cr (3.4% QoQ, 78% YoY) vs expectation of Rs. 260.4 Cr, QoQ Rs. 259.8 Cr, YoY Rs. 150.8 Cr
EBITDA Margin came at 12.8% vs expectation of 12.5%, QoQ 12.7%, YoY 8.9%
Adj. PAT came at Rs. 166.4 Cr vs expectation of Rs. 110.3 Cr, QoQ Rs. 136.2 Cr, YoY Rs. 60.8 Cr
Quarter EPS is Rs. 4.4
Share is trading at P/E of 13.8x FY23E EPS
(Nirmal Bang Retail Research)
*Result is inline with expectation*
Revenue from Operations came at Rs. 2090.7 Cr (2.4% QoQ, 23.4% YoY) vs expectation of Rs. 2089.1 Cr, QoQ Rs. 2042.5 Cr, YoY Rs. 1694.3 Cr
EBIDTA came at Rs. 268.5 Cr (3.4% QoQ, 78% YoY) vs expectation of Rs. 260.4 Cr, QoQ Rs. 259.8 Cr, YoY Rs. 150.8 Cr
EBITDA Margin came at 12.8% vs expectation of 12.5%, QoQ 12.7%, YoY 8.9%
Adj. PAT came at Rs. 166.4 Cr vs expectation of Rs. 110.3 Cr, QoQ Rs. 136.2 Cr, YoY Rs. 60.8 Cr
Quarter EPS is Rs. 4.4
Share is trading at P/E of 13.8x FY23E EPS
Have you always wondered whether you should consider an insurance cover for investment or simply as a means to protect yourself & your family?
Your Financial Coach - Mr. Azeem Jagani, MD, Composite Shares & Investment Counsels Pvt Ltd.
https://www.youtube.com/watch?v=WJciP1schyw
Your Financial Coach - Mr. Azeem Jagani, MD, Composite Shares & Investment Counsels Pvt Ltd.
https://www.youtube.com/watch?v=WJciP1schyw
YouTube
Insurance for Investment or Protection?
Have you always wondered whether you should consider an insurance cover for investment or simply as a means to protect yourself & your family?
Hear what the expert has to say & clear your confusion.
Visit our website on: https://www.nirmalbang.com/
Open…
Hear what the expert has to say & clear your confusion.
Visit our website on: https://www.nirmalbang.com/
Open…
*IndiaBulls Real Estate:
1- Indiabulls is merging with Embassy Group and the resultant company is going to be called 'Embassy Developments'.
*This is particularly an interesting event because the merged entity will end up becoming one of India's largest Real Estate companies. It will have 80 million sqft of area under planning - That is just massive.
2- The merger is also going to change the profile of the listed entity dramatically from what it currently is - for the better.
*The combined entity has the potential to have rental income of 4200 crore after a few years which is quite massive and hence will 'recurring cash flow' which we love.
*This is NOT a normal Real Estate 'also ran' anymore. This now becomes a top player.
3- In Q1FY22, I was amazed to see that their net debt was repaid by 50% compared to Q1FY21.
Debt has fallen nicely from 2025cr to 1088cr currently.
*This is very comforting. So now we have reducing debt and prospects of high 'recurring' rental income.
4- What is another a good thing is that the proposed merger is in advanced stages and this deal should be completed soon.
*Normally from announcement to actual deal, the time taken is a massive 2 years. This particular deal is in advanced stages.
5- Post the deal, the old promoters will be going out and the merged entity will be controlled by the Embassy group.
*This is important as the Embassy group is thought to be pretty good with corporate governance.
*This deal is beginning to tick all the boxes.
6- Post the deal, IndiaBulls Real Estate becomes India's number 1 'Land Bank' owner.
*Again, this means a lot of their future 'upfront costs' are already spent and cash flows will be good going forward.
*7- Note, with sudden leadership position, improving cash flows, reducing debt, 'better' promoter & corporate governance, it seems likely that the valuation multiple will keep expanding here going forward.
*This is the key to investing after all.
*A beautiful project.
1- Indiabulls is merging with Embassy Group and the resultant company is going to be called 'Embassy Developments'.
*This is particularly an interesting event because the merged entity will end up becoming one of India's largest Real Estate companies. It will have 80 million sqft of area under planning - That is just massive.
2- The merger is also going to change the profile of the listed entity dramatically from what it currently is - for the better.
*The combined entity has the potential to have rental income of 4200 crore after a few years which is quite massive and hence will 'recurring cash flow' which we love.
*This is NOT a normal Real Estate 'also ran' anymore. This now becomes a top player.
3- In Q1FY22, I was amazed to see that their net debt was repaid by 50% compared to Q1FY21.
Debt has fallen nicely from 2025cr to 1088cr currently.
*This is very comforting. So now we have reducing debt and prospects of high 'recurring' rental income.
4- What is another a good thing is that the proposed merger is in advanced stages and this deal should be completed soon.
*Normally from announcement to actual deal, the time taken is a massive 2 years. This particular deal is in advanced stages.
5- Post the deal, the old promoters will be going out and the merged entity will be controlled by the Embassy group.
*This is important as the Embassy group is thought to be pretty good with corporate governance.
*This deal is beginning to tick all the boxes.
6- Post the deal, IndiaBulls Real Estate becomes India's number 1 'Land Bank' owner.
*Again, this means a lot of their future 'upfront costs' are already spent and cash flows will be good going forward.
*7- Note, with sudden leadership position, improving cash flows, reducing debt, 'better' promoter & corporate governance, it seems likely that the valuation multiple will keep expanding here going forward.
*This is the key to investing after all.
*A beautiful project.
Worth evaluating:
‼️1) Harshad Mehta Scam (1992): Sensex corrected by 54% in 1 year, it jumped 127% post that in 1 ½ years
‼️2) 1996 Crisis: Sensex plunged 40% in over a 4 year period, it jumped by 115% post that in little over 1 year
‼️3) IT Bubble burst (2000): Sensex crashed by 56% in 1 ½ years, it jumped 138% in 2 ½ years
‼️4) Lehman Crisis (2008): Sensex crashed by 61% in 1 year, it jumped by 157% in 1 ½ years post that
‼️5) 2010: Sensex corrected by 28% in 1 year, it jumped by 96% in 3 years post that
‼️6) 2015: Sensex has corrected by 23% in 1 year, and got handsome returns after that.
🧐7) 2018: markets already 10 to 15% corrected from its peak....Now what is NEXT ❓❓❓❓
Those who continued their SIPs during falling market benefited the most. Markets never give an indication before bouncing back!!
So just be patient, u will recover all that notional loss and as advised if u can stop daily montertaining it will help u a lot.
#SipKaroMastRaho
‼️1) Harshad Mehta Scam (1992): Sensex corrected by 54% in 1 year, it jumped 127% post that in 1 ½ years
‼️2) 1996 Crisis: Sensex plunged 40% in over a 4 year period, it jumped by 115% post that in little over 1 year
‼️3) IT Bubble burst (2000): Sensex crashed by 56% in 1 ½ years, it jumped 138% in 2 ½ years
‼️4) Lehman Crisis (2008): Sensex crashed by 61% in 1 year, it jumped by 157% in 1 ½ years post that
‼️5) 2010: Sensex corrected by 28% in 1 year, it jumped by 96% in 3 years post that
‼️6) 2015: Sensex has corrected by 23% in 1 year, and got handsome returns after that.
🧐7) 2018: markets already 10 to 15% corrected from its peak....Now what is NEXT ❓❓❓❓
Those who continued their SIPs during falling market benefited the most. Markets never give an indication before bouncing back!!
So just be patient, u will recover all that notional loss and as advised if u can stop daily montertaining it will help u a lot.
#SipKaroMastRaho
*HDFC Bank Q2*
- Profit reported at Rs 9096 crore versus poll of Rs 8796.8 crore
- NII reported at Rs 17684.4 crore versus poll of Rs 15776.0 crore
- GNPA at 1.35% vs poll of 1.57%
- NNPA at 0.40% vs poll of 0.55%
(Numbers came inline with expectations & moderate supportive for stock prices)
- Profit reported at Rs 9096 crore versus poll of Rs 8796.8 crore
- NII reported at Rs 17684.4 crore versus poll of Rs 15776.0 crore
- GNPA at 1.35% vs poll of 1.57%
- NNPA at 0.40% vs poll of 0.55%
(Numbers came inline with expectations & moderate supportive for stock prices)
Earnings Calendar Of Major Companies:
16.10.2021: HDFCBANK
18.10.2021: LTI, ULTRACEMCO
19.10.2021: ACC, HINDUNILVR, ICICIPRULI, LTTS, NAVINFLUOR, NESTLEIND
20.10.2021: HAVELLS, JUBLFOOD, L&TFH, TATACOMM
16.10.2021: HDFCBANK
18.10.2021: LTI, ULTRACEMCO
19.10.2021: ACC, HINDUNILVR, ICICIPRULI, LTTS, NAVINFLUOR, NESTLEIND
20.10.2021: HAVELLS, JUBLFOOD, L&TFH, TATACOMM
Dmart beats ITC in Mcap. Crosses 3L+ Cr in Mcap.
ITC does 2x of Dmart sales and 13x Dmart profit.
ITC OPM at 35% vs 7% for Dmart
ITC ROE 21% vs 9% for DMart
ITC 3 yrs FCF 32k Crs
Dmart 3 yrs FCF -1700 Crs
ITC has almost zero competition in core business.
Dmart operates in highly competitive low margin business prone to disrupt.
Though ITC... WHERE ARE YOU?
ITC does 2x of Dmart sales and 13x Dmart profit.
ITC OPM at 35% vs 7% for Dmart
ITC ROE 21% vs 9% for DMart
ITC 3 yrs FCF 32k Crs
Dmart 3 yrs FCF -1700 Crs
ITC has almost zero competition in core business.
Dmart operates in highly competitive low margin business prone to disrupt.
Though ITC... WHERE ARE YOU?