*Orient Cement Ltd.* | *CMP* Rs. 66 | *M Cap* Rs. 1357 Cr | *52 W H/L* 90/35
(Nirmal Bang Retail Research)
*Result marginally ahead of expectation*
Revenue from Operations came at Rs. 477.5 Cr (16.4% QoQ, -7.3% YoY) vs expectation of Rs. 507.4 Cr, QoQ Rs. 410.4 Cr, YoY Rs. 515 Cr
EBIDTA came at Rs. 113.2 Cr (15.3% QoQ, 111.1% YoY) vs expectation of Rs. 100.1 Cr, QoQ Rs. 98.2 Cr, YoY Rs. 53.6 Cr
EBITDA Margin came at 23.7% vs expectation of 19.7%, QoQ 23.9%, YoY 10.4%
Adj. PAT came at Rs. 34.8 Cr vs expectation of Rs. 28.3 Cr, QoQ Rs. 25.6 Cr, YoY Rs. -7.7 Cr
Quarter EPS is Rs. 1.7
Share is trading at P/E of 10.3x FY22E EPS

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*Q2FY20 Welspun corp Key takeways:*
*Outlook-Neutral*
Dispatch from US plant in Q2 was very low at around 6000-7000T Company had an order booking at the start of Q2 at 94000T and at the end of Q2 it has reached to 130000T. The production for dispatch of this order is on and will partially be done in Q3 than in Q4 and Q1FY21.
Dispatch from India in Q2 was around 145000T vs QoQ 1380000T and EBITDA / T in standalone operation is improved to 11800/T vs QoQ 7500 /T on account of product mix. High EBITDA / T looks unsustainable. The order book in India is 402000t which will be executed in H2
Dispatch from Saudi (JV) has improved to 98000T in Q2 vs 41000T in Q1 and EBITDA/T came at $255/T vs QoQ 293/T . Saudi (JV) has order book of 148000T which will be executed in H2 FY21
• The exports during the quarter has been relatively slow, welspun corp has been able to secure export order In new market ( Australia)
• The total order book stands at 701kt valued at Rs 6100cr, out of this the order book from India stands at 402KT, 130KT is US.
• Welspun corp has proposed the listing of Saudi JV, This will involve divestment of 30% of stake, this divestment is expected to bring liquidity to welspun corp, the proceeds will first be utilise to repay Mauritius liabilities which stands at $27-28mn. Remaining will be evaluated to pay dividend.
• The company is foraying into DI pipe segment-the investment for the project is Rs 1250cr ( spread across 18months), the set up will include steel making facility of 400kmpta and DI plant of 250kmpta. This project is expected to get commission in the next 18months. The project will be funded 70% from internal accruals and 30% debt. The project has an asset turnover of 1.1, ROCE of 18%.
• Out of the total gross debt of Rs 335cr, Rs 150cr belongs to India and Rs 185cr is US
• Out of the total Cash of Rs 990cr, Rs 880cr is from India and balance is US
• Bhopal project status- the company has relocated one more spiral mill from Anjar to Bhopal, this will commence operations by mid November 2020.

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*Zensar Technologies Ltd.* | *CMP* Rs. 187 | *M Cap* Rs. 4215 Cr | *52 W H/L* 223/64
(Nirmal Bang Retail Research)
Dollar revenue came at $ 131.6 mn vs expectation of $ 131.5 mn, QoQ $ 130.8 mn, YoY $ 152.3 mn
*Result is marginally ahead of expectations*
Revenue from Operations came at Rs. 979.5 Cr (-1.2% QoQ, -8.7% YoY) vs expectation of Rs. 981.1 Cr, QoQ Rs. 991.2 Cr, YoY Rs. 1072.3 Cr
EBIDTA came at Rs. 184.2 Cr (28.8% QoQ, 22.8% YoY) vs expectation of Rs. 140.8 Cr, QoQ Rs. 143 Cr, YoY Rs. 150 Cr
EBITDA Margin came at 18.8% vs expectation of 14.4%, QoQ 14.4%, YoY 14%
Adj. PAT came at Rs. 89.2 Cr vs expectation of Rs. 74.1 Cr, QoQ Rs. 73.3 Cr, YoY Rs. 79.9 Cr
Quarter EPS is Rs. 4
Share is trading at P/E of 12.6x FY22E EPS

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*Security And Intelligence Services India Ltd.* | *CMP* Rs. 353 | *M Cap* Rs. 5182 Cr | *52 W H/L* 624/314
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 2157.9 Cr (-0.4% QoQ, 3.3% YoY) vs expectation of Rs. 2149.6 Cr, QoQ Rs. 2166.7 Cr, YoY Rs. 2088.9 Cr
EBIDTA came at Rs. 129.7 Cr (7.3% QoQ, 4.9% YoY) vs expectation of Rs. 120.4 Cr, QoQ Rs. 120.9 Cr, YoY Rs. 123.7 Cr
EBITDA Margin came at 6% vs expectation of 5.6%, QoQ 5.6%, YoY 5.9%
Adj. PAT came at Rs. 108.1 Cr vs expectation of Rs. 56.8 Cr, QoQ Rs. 57.9 Cr, YoY Rs. 76.2 Cr
higher other income led to higher PAt
Quarter EPS is Rs. 7.4
Share is trading at P/E of 18.1x FY22E EPS

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*Vodafone Idea Ltd.* | *CMP* Rs. 8 | *M Cap* Rs. 22988 Cr | *52 W H/L* 14/2
(Nirmal Bang Retail Research)
ARPU came at Rs 119vs expectation of Rs 118 , QoQ Rs 114 , YoY Rs 107
*Result is in-line with expectations*
Revenue from Operations came at Rs. 10791.2 Cr (1.2% QoQ, -0.5% YoY) vs expectation of Rs. 10892.8 Cr, QoQ Rs. 10659.3 Cr, YoY Rs. 10844 Cr
EBIDTA came at Rs. 4152.4 Cr (1.3% QoQ, 24.1% YoY) vs expectation of Rs. 3911.5 Cr, QoQ Rs. 4098.4 Cr, YoY Rs. 3347.1 Cr
EBITDA Margin came at 38.5% vs expectation of 35.9%, QoQ 38.4%, YoY 30.9%
Adj. PAT came at Rs. -6451.1 Cr vs expectation of Rs. -5198.3 Cr, QoQ Rs. -5536.8 Cr, YoY Rs. -20147.4 Cr
Quarter EPS is Rs. -2.2
Share is trading at 8.5x EV/EBITDA of Q2 annualised EBITDA

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*Shuboudhaya🙏*
*Today's top news: 30 Oct*

1. *Happy Eid Milad-Un-Nabi* 💐☪️
The day is celebrated during the third month of the Islamic calendar. The day is also called Mawlid or Mawlid-al-Nabi al-Sharif.

The celebrations for Eid Milad Un Nabi have already started in Saudi Arabia, but in India, Pakistan, Bangladesh, Sri Lanka and other parts it will be celebrated on Friday

2. *Assam's JEE Main 2020 Topper Neel Nakshatra Das, his father, Dr Jyotirmoy Das, and three employees of a testing facility for allegedly using a proxy* to write the country's premier engineering entrance test, the Guwahati Police said. The accused had scored 99.8 percent in the exam, which is the basis for admission in India's top engineering colleges, including the prestigious IITs.

3. *National Unity Day or Rashtriya Ekta Diwas is celebrated to mark the birth anniversary of Sardar Vallabhbhai Patel on October 31 every year since 2014* . Popularly known as the “Iron Man of India”, Sardar Patel is known to have played a crucial role in the unification of India.

4. On this day in 2018, PM Modi unveiled a 182m-tall statue of Sardar Vallabhbhai Patel. The Statue of Unity is situated on the bank of Narmada River in the Kevadiya colony, facing the Sardar Sarovar Dam near the city of Vadodara.

5. Amid concerns over data security, the *government has clarified that the Aarogya Setu app is completely safe* and developed in most transparent manner.

6. *Three BJP workers were shot dead by militants in Kulgam district of Jammu and Kashmir* : Fida Hussain, Umer Hajam and Umer Rashid Beigh were shot by militants in YK Pora area of Kulgam district late on Thursday evening.

7. *The Supreme Court Thursday stayed the Uttarakhand High Court’s “drastic order” for a CBI probe into corruption allegations against Chief Minister Trivendra Singh Rawat*

8. *BSP leader Mayawati on Thursday suspended seven of her party’s rebel MLAs who had opposed the nomination of its official candidate Ramji Gautam for the elections to the Rajya Sabha* . Amid speculation that the MLAs could switch sides in Uttar Pradesh, Mayawati also said that to ensure defeat of Samajwadi Party candidates in future MLC elections, her party will vote for BJP or any other party’s candidate.

9. *National Investigation Agency (NIA) on Thursday raided and searched at nine locations in Kashmir and in the national capital belonging to 6 NGOs* , trusts in Kashmir, Delhi in connection with terror funding case.

10. Andhra Pradesh govt distributes Rs 1,115 crore under Rythu Bharosa scheme to farmers.

11. *Commerce and Industry Ministry releases next edition of its consolidated foreign direct investment (FDI) policy document*

12. *Former Gujarat CM Keshubhai Patel dies at 92*, he was the state chief minister in 1995 and again from 1998-2001; PM Modi condoles the death.

13. *The Indian Army on Thursday launched a messaging app called SAI that will provide secure voice, text and video calling services to its soldiers* : The model (of SAI) is similar to commercially available messaging applications like WhatsApp, Telegram, SAMVAD and GIMS and utilises end-to-end encryption messaging protocol,.

14. The Chinook helicopter of the Indian Air Force (IAF) started its sorties from Gauchar helipad to transport heavy machines needed for the redevelopment of Kedarnath.

15. *The Supreme Court Thursday extended till December 31 the deadline for implementation of its judgement on grant of permanent commission to women SSC officers in Indian Navy*

16. *Coronavirus Cases:*
8,070,589
Deaths: 120,899
Recovered: 7,348,147

*✈INTERNATIONAL NEWS*

1. *Saudi Arabia removes PoK, Gilgit-Baltistan from Pakistan’s map, activist calls move ‘Diwali Gift’ to India* : Saudi Arabia released a 20 Riyal banknote to commemorate its presidency of organising the G-20 Summit ,and the world map displayed on the banknote does not show Gilgit-Baltistan and Kashmir as parts of Pakistan.

2. *Pulwama attack: Pakistan minister brags 'Ghar me ghus ke maara', calls it 'great achievement' of Imran Khan govt*: Pakistan on Thursday bla

tantly bragged about it and called it a 'great achievement' of the Imran Khan government. In the attack on February 14, 2019, a total of 40 Central Reserve Police Force (CRPF) jawans lost their lives. In the Pakistan National Assembly, Federal Minister for Science & Technology Fawad Chaudhry claimed that the attack in Pulwama was a major achievement.

3. Pakistan claimed on Thursday that there was "no pressure" on it to release Indian Air Force Wing Commander Abhinandan Varthaman, a day after a top Opposition leader said that Foreign Minister Shah Mahmood Qureshi pleaded at a high-level meeting to release him fearing an Indian attack on the country.

4. *India on Thursday said its military talks with China on the border row have no connection with "any extraneous issue", comments that came in the backdrop of recently concluded Indo-US 2+2 dialogue.* During the talks, the two countries discussed Beijing's military belligerence in eastern Ladakh and Indo-Pacific region and inked a strategic defence pact.

5. *India has conveyed its serious concern to Saudi Arabia over "gross misrepresentation" of its external territorial boundaries in a banknote issued by the Gulf nation last week, and asked it to take "urgent corrective steps",* the ministry of external affairs said on Thursday. The global map printed on the new 20 Riyal banknote, released to mark Saudi Arabia's presidency of the G20 grouping, does not feature Jammu and Kashmir and Ladakh as part of India.

6. *Commerce and Industries Minister Piyush Goyal chaired 19th meeting of Foreign Trade & Economic Ministers of Shanghai Cooperation Organisation, SCO*

7. *union cabinet approved the Memorandum of Understanding signed between India and Cambodia* on cooperation in the field of medicine and health.

8. Union Cabinet approved the Memorandum of Cooperation (MoC) signed between India and Japan on Cooperation in the field of Information and Communication Technologies.

*🌎WORLD NEWS🌍*

1. *Another terrorist attack in the French city of Nice on Thursday (October 29), a knife-wielding man shouting "Allahu Akbar" (God is Greatest) beheaded a woman and killed two other people in a church.* A defiant President Emmanuel Macron vowed to deploy thousands of more soldiers to protect important French sites, such as places of worship and schools.

2. On the 16th of this month, a school teacher, Samuel Patty, was killed for using a cartoon of Prophet Mohammed to explain to his class about the freedom of expression. A few years ago, a French magazine Charlie Hebdo had published these cartoons.

3. *India stands with France in fight against terrorism, assures PM Narendra Modi; condemns recent terrorist attacks*

4. *A Saudi man was arrested in Jeddah after attacking and injuring a guard with a "sharp tool" at the French consulate on Thursday,* Saudi state TV reported. The French Embassy said the consulate was subject to an "attack by a knife which targeted a guard", adding the guard was taken to hospital and his life was not in danger.

5. A *study of over 200 COVID-19 cases in a hospital in Spain found that about 80% patients had vitamin D deficiency.*

6. *The government of Bangladesh has extended the closure of educational institutions till Nov. 14* . Earlier, the educational institutions were closed till October 31

7. *Coronavirus Cases:*
45,039,284
Deaths: 1,182,573
Recovered: 32,849,520
ACTIVE CASES
11,007,191

*🚣🚴🏇🏁🏊Sports:*

1. *IPL ; 2020*
*Thursday, 29th October 2020*
CHENNAI SUPER KINGS - *178/4* *won by 5 wicket's*

KOLKATA KNIGHT RIDERS - *172/5*

2. *Friday, 30th October 2020*
KINGS XI PUNJAB
Vs
RAJASTHAN ROYALS

19:30 IST (14:00 GMT), 18:00 LOCAL
Match 50 Zayed Cricket Stadium, Abu Dhabi.

3. *Faiza Heidar* grew up playing soccer in the streets with the boys and went on to *captain Egypts national womens team.* Now she *has become the first woman to train one of the countrys professional mens clubs.*

4. Indian men’s badminton player Lakshya Sen who was due to play the SaarLorLux Open in Germany this week has pulled out of the event after his co

ach DK Sen tested positive for Covid-19.

*USD 74.51 💷GBP 96.30*
_In Bhopal_(MP)
*🥇Gold ₹52,500@10 gm 24 (Krt)*
🥈 *Silver ₹62,100@ Kg*
⛽ *Petrol ₹ 88.76*
⛽ *Diesel ₹ 78.05*
*LPG ₹ 600.00 /14.2 Kg*

*🇮🇳Facts about India🇮🇳*

The Statue of Unity, the Iron Man of India, Sardar Vallabhai Patel, stands tall at 182 metres above the Narmada river.
The height of the statue is more than double the Statue of Liberty which stands at 93 metres off the coast of New York City and four times that of the Christ the Redeemer statue in Rio de Janeiro.

*😀Thought of the day*

If your INTENTION is powerful, your action will be powerful. If your action is powerful, your results will be powerful.

*😇GK Today💤*

Norway is known as the land of Midnight sun

*😳Why❓❓❓*

*Eid-e-Milad is celebrated* to commemorate the birth of Prophet Muhammad. Prophet Muhammad was born on the 12th day of rabee ul Awwal in Mecca in 570 CE.The festival is observed in the holy month of Rabi' al-awwal.

Eid-e-Milad varies between the two branches of Islam-Sunnies and Shia Muslims. For Sunnis, the day is said to fall on the 12th day of the third month of the Islamic calendar called Rabi' al-aawal. But Shias believe that Prophet Muhammad was actually born on the 17th day of the month.

*LEARN Sanskrit*🙏🏻

*आक्रमक* : Attack

🤔 *How it works* ⁉

*How does saliva form in the mouth?*

Saliva is made by six groups of cells called salivary glands. The glands deliver the saliva into the mouth through ducts. Saliva is made up mostly of water. It also contains a lot of enzymes, which are special chemicals that help protect the mouth from infection and break down food for digestion. These glands are always making a little saliva, which keeps the mouth from drying out. They produce more saliva when food is in the mouth. In addition to helping to break down food, saliva lubricates the throat, and that makes swallowing easier.. The salivary glands sit inside each cheek, at the bottom of your mouth, and near your front teeth by the jaw bone.


💁🏻‍♂️ *GK TODAY*

The *Russian ruble* or rouble is the currency of the Russian

🛕 *VEDIK GYAN*

*Ganpati Bappa Morya* ' – the chant every devotee chants : Bappa is a word that says father or lord .

The word *Morya* refers to a famous devotee of Lord Ganesh in the fourteenth century called Morya Gosavi, from Chinchvad, near Pune
He was a great devotee of Ganesha. He was originally from a village called Shaligram in Karnataka. He built the Mayureshwar temple at Morgaon, near Pune. The starting of the Ashtavinayak pilgrimage is attributed to him. The words Ganapati Bappa Morya are attributed to him. He was a contemporary of Chattrapati Shahu Maharaj and Peshwa Balaji Vishwanath Bhatt. He took sanjeevan samadhi at Chinchwad, Pune.”

🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻)

*Dates* contain several vitamins and minerals, in addition to fiber and antioxidants. Dates may promote and ease natural labor for pregnant women when consumed during the last few weeks of pregnancy.

*Regards*
*CH. Naveen Kumar*

*🙏PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF & YOUR FAMILY SAFE🌼*

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*CLSA On Vodafone Idea*

Underperform rating maintained

Price target cut to Rs 8.5 from Rs 12

Q2 results were below estimates

Reeling under huge spectrum, AGR burdens amid continued

subscriber loss Cut FY21-23 forecasts by 3-9%

See upside to ARPU forecast with a potential sector floor tariff Await sector tariff hikes

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*Bulk Deals*

Angel Broking: Kuwait Investment Authority acquired 4.3 lakh shares (0.53%) at Rs 321.73 per share.

MCX: Smaller Cap World Fund acquired 5.32 lakh shares (1.04%) at Rs 1,759.93 per share.

Majesco: Promoter Sudhakar Ram sold 5 lakh shares (1.67%) at Rs 919 per share.

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*Pledged Share Details*

JSW Steel: Promoter Danta Enterprises revoked pledge of 26 lakh shares on October 26.

Max Financial Services: Promoter Max Venture Investment Holdings created pledge of 9.35 lakh shares on October

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*Economic Times*
*Business Standard*

Ø  India's April-Sept fiscal deficit at Rs 9.1 lakh crore
Ø  US economy surges 33.1% in Q3, biggest gain on record: Govt
Ø  ServiceNow says India among its fastest growing markets
Ø  Centre proposes mandating license for foreign vessels engaged in coastal shipping in India
Ø  JBIC signs loan agreements totaling Rs 11,000 crore to support Indian Industry
Ø  Shapoorji Pallonji Group submits plan to Supreme Court for separation from Tata Group
Ø  Mahindra Electric eyes investment, bulk deals with e-commerce companies
Ø  US hints at possibility of reducing trade, investment barriers with India
Ø  BPCL Q2 net profit jumps 58% to Rs 2,589.52 cr due to lower expenses
Ø  Cognizant net profit falls 30% to $348 mn in Q3; revenue flat at $4.2 bn
Ø  US pitches cheaper solar tech to India amid high dependence on China
Ø  IMF tells Britain to keep spending to fend off coronavirus crisis
Ø  SFIO searches Sahara's office in Lucknow, probe against group widens
Ø  KKR launches platform to acquire renewable energy assets in India

*Business Line*
*Mint*

Ø  Core sector contraction narrows to 0.8% in Sept
Ø  Pidilite Industries acquires Araldite maker for ₹2,100 crore
Ø  TVS Motor Company posts ₹196 crore net in Q2
Ø  MCX Q2 net profit slips 18 per cent to Rs 58.55 crore
Ø  Procter & Gamble sets up ₹400-crore India Growth Fund
Ø  Laurus Labs’ Q2 net zooms to ₹242 crore
Ø  US jobless claims aid fall to 751,000, virus resurges
Ø  SmallCap World Fund bought 1.04% stake in MCX for ₹94 crore
Ø  RBI to conduct second OMO purchase of SDLs next month
Ø  ICICI Prudential Life to raise ₹1,200 crore
Ø  BlackRock is defying stock chaos to launch small-cap value ETF
Ø  Vodafone Idea Q2 net loss narrows to ₹7,218 crore; Arpu rises

*Financial Express*
*Deccan Chronicle*

Ø  Govt approves mandatory packaging of food grains in jute bags
Ø  Samsung India expects 40% growth in smartphone segment in Q4
Ø  IndiGo posts Rs 1,194 cr loss for September quarter
Ø  RBI imposes Rs 22 lakh fine on DCB Bank for violating marketing norms
Ø  Bidding process of Air India’s divestment would be on enterprise value, says Hardeep Singh Puri

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*SGX Nifty -35 pts (11635) from last trade 11670 ,*


Nikkei -171 pts ,
Hangseng -51 pts ,
Now @6.52am .


Dow +139.16 pts ,Nsdq +180.83 pts, S&P +39.08 pts , Bovespa +1213 pts  , Ftse -1 pts , Dax +37 pts , Cac -1 pts , Crude @ $36.17 brl (+0.00), Brent @ $37.65 brl (-0.00) , Gold @ 1868.90 (+0.90), Silver @ $23.37 (+0.01), Euro @ $1.1368, JPY @ $104.53, INR @ 74.375




*Today's Corporate Action*

*30th Oct Ex Date*



None






*Today's Board Meetings*

*30-Oct-20*



ADORMUL

Quarterly Results

AGRITECH

Quarterly Results

AMJLAND

Quarterly Results

ARFIN

Quarterly Results

AROGRANITE

Audited Results

ARVSMART

Quarterly Results

BLSINFOTE

Quarterly Results

COMPUPN

Quarterly Results

COMPUSOFT

General;Quarterly Results

CONTILI

Quarterly Results

DAAWAT

Interim Dividend;Quarterly Results

DEEPAKNI

Quarterly Results

DHANUKA

Quarterly Results

DIXON

Employees Stock Option Plan;Quarterly Results

DLF

Quarterly Results

DNAMEDIA

Quarterly Results

DRAGARWQ

Quarterly Results

EDELWEISS

General;Quarterly Results

EIMCOELECO

Quarterly Results

EMKAY

Quarterly Results

ESCORTSFIN

Quarterly Results

GOTHIPL

Quarterly Results

GREENPANEL

Quarterly Results

GRINDWELL

Quarterly Results

HIGHSTREE

Quarterly Results

IFBIND

Quarterly Results

INDORAMA

Quarterly Results

INDUSINDBK

Quarterly Results

INTELLECT

Quarterly Results

IOC

General;Quarterly Results

IRBINVIT

Quarterly Results

JAYBARMARU

Quarterly Results

JENBURPH

Quarterly Results

JINDALSTEL

Quarterly Results

JSL

Quarterly Results

JUSTDIAL

General;Quarterly Results

KASHYAP

Quarterly Results

KELENRG

Quarterly Results

KIRLOSENG

Quarterly Results

MAGNAELQ

Quarterly Results

MAHLIFE

Quarterly Results

MAHLOG

General;Quarterly Results

MARALOVER

Quarterly Results

MEGASOFT

Quarterly Results

MFSL

Quarterly Results

MILEFUR

General

MOTILALOFS

Quarterly Results

NECLIFE

General;Quarterly Results

NIITLTD

Quarterly Results

NUCLEUS

Audited Results

ORACLECR

Quarterly Results

PANAFIC

Audited Results

PASARI

Quarterly Results

PIONDIST

Quarterly Results

PITTIENG

Quarterly Results

PREMCAPM

Quarterly Results

PTCIL

Quarterly Results

QUESS

Quarterly Results

RAIN

Interim Dividend;Quarterly Results

RELIANCE

Quarterly Results

RISHIROOP

Quarterly Results

RPGLIFE

Quarterly Results

SHREEGANES

Quarterly Results

SIPTL

General;Quarterly Results

SOLARA

Quarterly Results

SRAMSET

Quarterly Results

STANROS

Quarterly Results

SUNCLAYLTD

Quarterly Results

SUNTECHNO

Quarterly Results

SUVENPHAR

Quarterly Results

SWOEF

A.G.M.

SYSCHEM

Quarterly Results

TATIAGLOB

General

TECHIN

Quarterly Results

TOKYOFIN

Quarterly Results

TOKYOPLAST

Quarterly Results

TRANSCOR

General;Quarterly Results

UPL

Quarterly Results

VAKRANGEE

Quarterly Results

VOITHPAPR

General;Quarterly Results

VTMLTD

General;Quarterly Results

WELCON

Quarterly Results

ZEEMEDIA

General;Quarterly Results





*Stock under F&O ban on NSE*

*30-Oct-20*



None


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Data - 30th Oct

FIIs sold in cash & rolled 70% in index futs👀

Despite recent correction it was great expiry & Nifty has seen long rolls👍

BN rally started with SC but later there were LF👍

Short rolls - RELIANCE, SUNPHARMA, UPL👎

Long rolls - INFY, ASIANPAINT, KOTAKBANK👍

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*Tata Chemicals Ltd.* | *CMP* Rs. 326 | *M Cap* Rs. 8306 Cr | *52 W H/L* 346/197
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 2609.4 Cr (11.1% QoQ, -5.8% YoY) vs expectation of Rs. 2541.1 Cr, QoQ Rs. 2348.2 Cr, YoY Rs. 2771.3 Cr
EBIDTA came at Rs. 386.3 Cr (7.4% QoQ, -31.1% YoY) vs expectation of Rs. 446.9 Cr, QoQ Rs. 359.8 Cr, YoY Rs. 560.7 Cr
EBITDA Margin came at 14.8% vs expectation of 17.6%, QoQ 15.3%, YoY 20.2%
Adj. PAT came at Rs. 70.5 Cr vs expectation of Rs. 91.9 Cr, QoQ Rs. 13.3 Cr, YoY Rs. 285.3 Cr
Quarter EPS is Rs. 2.8
Share is trading at P/E of 8.7x FY22E EPS

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*Havells India Concall*
*Outlook: Positive but valuation at peak*
Share is trading at PE of 54x FY22
Prohibition of AC import is positive for Lloyd
Contribution margin is sustainable where as some expenses increase like advertisement will come back
Some RM cost increase is visible which company might have to pass on
Recovery seen in Q2 is expected to sustain
Company is going deeper into rural market
Industrial and Infra continue to de grow whereas Retail and housing demand grew faster
25% of sales is to Infra and industrial and reached to 85% of last year. Further improvement is seen in current quarter
Inventory level in trade is lower than normal
Consumer lighting grew by 15% whereas overall lighting grew by 4%
No Employee cost cut taken and company will give increment
Expenses will take time to go up to normal level which may be lower than pre covid level
Company saw major increase of around 100% in E commerce sales at its around 4% of total sales Profitability is similar
Lloyd growth is on smaller base future growth will depend on market condition
Company want to have complete portfolio of consumer durable in Lloyd and company has launched Refrigerator and washing machine
Margin in Lloyd will improve over a period of time and major benefit will be seen in next season

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*Mangalore Refinery & Petrochemicals Ltd.* | *CMP* Rs. 28 | *M Cap* Rs. 4907 Cr | *52 W H/L* 57/21
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 6066.9 Cr (38.4% QoQ, -53.2% YoY) vs QoQ Rs. 4382.8 Cr, YoY Rs. 12969.9 Cr
EBIDTA came at Rs. 333.9 Cr (-156.2% QoQ, -151.7% YoY) vs QoQ Rs. -594.4 Cr, YoY Rs. -646 Cr
EBITDA Margin came at 5.5% vs QoQ -13.6%, YoY -5%
Adj. PAT came at Rs. 9.4 Cr vs QoQ Rs. -719.8 Cr, YoY Rs. -864.2 Cr
Quarter EPS is Rs. 0.1
Share is trading at P/E of 4.4x FY22E EPS

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