Stocks To Watch

Tata Group Stocks: The Mistry-family owned SP Group has proposed a plan of separation from Tata Sons. The SP Group has proposed a selective reduction of capital at Tata Sons, thereby extinguishing the shares held by them. In exchange, SP Group can be granted shares in listed companies of the group. It has also proposed cash consideration or shares for brand value, unlisted assets
etc. The SP Group holds 18.37% stake in Tata Sons, which it values at more than Rs 1.75 lakh crore.

HPCL: To consider share buyback on November 4.

InterGlobe Aviation: To defer decision on Qualified Institutional Placement to December.

ICICI Prudential Life Insurance: Board approved raising Rs 1,200 crore via NCDs.

Aviation Stocks: Hardeep Singh Puri, Minister of Civil Aviation stated that there
will be an extension of the fare-cap on airlines by another three months.

Indian Energy Exchange: Signs agreement with MCX which will enable the latter to use IEX's electricity clearing prices for settlement of its electricity derivative contracts.

Vedanta: CRISIL downgrades long-term facilities to CRISIL AA- from CRISIL AA. The outlook has been revised to stable from negative. The company will also be considering its quarterly results on November 6.

MRPL: Board approved raising up to Rs 5,000 crore via NCDs.

Zensar Tech: Board gives in-principle approval for merger of its wholly-owned arm Cynosure Interface Services with itself.

AU Small Finance Bank: Board has approved re-appointment of Raj Vikash Verma as part chairman till April 8, 2023.

Nifty Earnings Today: Indian Oil Corporation,IndusInd Bank, Reliance Industries, UPL

Non-Nifty Earnings Today: Deepak Nitrite, Dhanuka Agritech, Dixon Technologies, DLF, Edelweiss, JSPL, Just Dial, Max Financial Services, Motilal Oswal, Quess Corp, Rain Industries

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30 October 2020

8:00 AM Shriram Trans
Dial: +91 22 6280 1216

10:00 AM Zensar Tech
Dial: +91 22 6280 1259

10:00 AM cholamandalam investment & finance company
(Results)
Dial: +91 22 7195 0000

10:00 AM Cummins
Dial: 2239402340

11:00 AM BPCL
(Results)
Dial: +91 22 6280 1259

11:00 AM Laurus Labs
(Results, Investor/Analyst Presentation, Press Release )
Dial: +91 22 6280 1214

11:15 AM Welspun India
Dial: +91 22 6280 1297

11:30 AM Tata Chemicals
(Results, Investor/Analyst Presentation)
Dial: +91 22 6280 1141

11:30 AM Canara Bank
Dial: +91 22 6280 1342

2:00 PM WABCO India
No Contact Available

2:00 PM SIS
Dial: +91 22 6280 1457

2:30 PM DHANUKA
Dial: +91 22 6280 1342

2:30 PM Vodafone Idea
Dial: +91 22 7115 8260

3:00 PM SOLARA ACTIVE P
Dial: +91 22 6280 1346

3:30 PM Mastek
Dial: +91 22 6280 1107

3:30 PM NIIT
Dial: +91 22 6280 1251

3:30 PM AAVAS Financier
(Results, Investor/Analyst Presentation, Press Release )
Dial: +91 22 6280 1309

4:00 PM Orient Cement
No Contact Available

4:00 PM PTC India Fin
(Press Release )
Dial: +91 22 6280 1341

4:00 PM IRB InvIT
Dial: +91 22 6280 1341

4:00 PM Arvind SmartSpaces
Dial: +91 22 6280 1383

4:00 PM Heritage Foods
Dial: +91 22 6280 1456

4:30 PM Aegis Chemicals Inds. .
Dial: +91 22 6280 1309

4:30 PM LT Foods
Dial: +91 22 7115 8050

4:30 PM Kirloskar Ferro
Dial: +9122 62801455

5:00 PM Intellect Desig
5:00 PM Vaibhav Global
Dial: +91 22 6280 1141

5:00 PM Vakrangee
(Press Release )
Dial: +91 22 6280 1341

5:00 PM UPL
Dial: 02262801518

5:30 PM Rain Industries
Dial: +91226280 1275

6:00 PM IndusInd Bank
Dial: +91 22 6280 1102


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Government has imposed Anti dumping duty on Nylon tyre cord fibre originating from China. *Positive for SRF*

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Revision in Market Lot of Derivative Contracts on Individual Stocks
Revised Downwards 15
October 30, 2020 (for Nov 2020 & later expiries)

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Securities in Ban For Trade Date 30-OCT-2020: F&O Segment.

NIL

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the ECB on Thursday opted to hold interest rates steady and keep its broader monetary policy environment unchanged despite the reimposition of fresh lockdown measures across the continent. But it suggested that additional policy action in the euro zone could come as soon as December.

*Mastek Ltd.* | *CMP* Rs. 803 | *M Cap* Rs. 1967 Cr | *52 W H/L* 930/166
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 409.7 Cr (6.1% QoQ, 69.1% YoY) vs QoQ Rs. 386.1 Cr, YoY Rs. 242.4 Cr
EBIDTA came at Rs. 86.6 Cr (26.9% QoQ, 213% YoY) vs QoQ Rs. 68.2 Cr, YoY Rs. 27.7 Cr
EBITDA Margin came at 21.1% vs QoQ 17.7%, YoY 11.4%
Adj. PAT came at Rs. 51 Cr vs QoQ Rs. 40.4 Cr, YoY Rs. 24.6 Cr
Quarter EPS is Rs. 20.8
Share is trading at P/E of 13.7x FY22E EPS

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LAURUS LABS: CO HAS OUT-LICENSED ITS PATENTED TECHNOLOGIES TO ONE OF THE TOP NUTRACEUTICAL PLAYERS IN THE U.S. || CO HAS FILED 264 PATENTS & BEEN GRANTED 130 AS OF TODAY || IP IS THE BACKBONE OF INNOVATION IN THE PHARMACEUTICAL INDUSTRY

*Solara Active pharma science ltd.* | *CMP* Rs. 1109 | *M Cap* Rs. 2983 Cr | *52 W H/L* 1256/363
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 397.6 Cr (14.1% QoQ, 13.2% YoY) vs QoQ Rs. 348.4 Cr, YoY Rs. 351.1 Cr
EBIDTA came at Rs. 97.6 Cr (16.5% QoQ, 43.5% YoY) vs QoQ Rs. 83.8 Cr, YoY Rs. 68 Cr
EBITDA Margin came at 24.6% vs QoQ 24.1%, YoY 19.4%
Adj. PAT came at Rs. 56.7 Cr vs QoQ Rs. 42.3 Cr, YoY Rs. 28.9 Cr
Quarter EPS is Rs. 21.1
Share is trading at P/E of 19.8x FY22E EPS

*Shriram Transport Q2FY21 Concall Update*
(Nirmal Bang Retail Research)

*> Collection efficiency at 95% and stressed book at less than 5% is encouraging*
*> Credit costs have normalized*

*Outlook: Positive*

• Collection efficiency for September was at 95% vs 78% in Aug. Less than 5% of customers have not paid a single EMI since March.
• Co expects around 3% of customers to opt for restructuring. Co expects this to decline to 2.5% by Dec qtr.
• Provision came at Rs. 655 Cr vs expectation of Rs. 966 Cr, YoY Rs. 661 Cr, QoQ Rs. 1065 Cr
• Co created covid provisions o Rs. 416 Cr during the qtr taking the cumulative covid provision to Rs. 2282 Cr (2.0% of AUM). Co does not expect incremental covid provisions. (Thus after providing ~4.0% credit cost for Q4FY20 & Q1FY21, credit cost declined to pre-covid levels of 2.4% in Q2FY21 which should continue in future).
• GNPA was at 7.3% vs 8.0% QoQ. PCR was at 40% vs 39% QoQ & 32% YoY. NNPA was at 4.5% vs 5.1% QoQ.
• AUM grew +5% YoY & +1% QoQ to Rs. 1,13,346 Cr. AUM growth has been in single digits since the last 7 qtrs.
• HCV & M&LHCV formed 47% & 24% of AUM respectively, PVs formed 22% while tractors and business loans formed the balance 7%.
• Disbursements declined by 51% to Rs. ~6400 Cr. Management expects disbursements of Rs. 12-13,000 Cr run-rate in remaining 2 qtrs of FY21 which will lead to FY21 AUM growth of 5-6%.
• CV sales fell by 22% in Q2. LCVs fell by 4% and HCVs fell by 40%.
• Incremental COF is 8.75% although total COF is at 9.2%. By March 2021 it will decline by 25 bps.
• NIM has declined to 6.6% vs YoY 7.2% (QoQ 6.4%). This s maninly due to excess liquidity in balance sheet which should normalize after a couple of qtrs.

Share is trading at P/E of 6.2x FY22E EPS & 1.2x trailing P/ABV

SML ISUZU: VOLVO GROUP, ISUZU MOTORS SIGN FINAL DEAL TO FORM ALLIANCE || ISUZU PLANS TO COMPLETE ACQUISITION OF UD TRUCKS IN 1H OF 2021 ||

Delivery Call

Buy Cams at CMP of 1304 and dips till 1225
SL 1200 closing basis
Targets:- 20 - 50%
Time Frame:- 12 - 18 Months

Disclaimer:- I am not SEBI Registered.

Good Afternoon to all the dear members and my colleagues

All the members and colleagues who want to continue to be a part of our Premium Family or want to become a part of our Premium Family can do so , by renewing their membership.We have started accepting payment for the month of November and it will be solely on FIRST COME FIRST SERVE BASIS.

Existing members you'll can renew your membership ASAP.

Charges

Yearly - 10k
Monthly - 1k

*Jindal Steel & Power Ltd.* | *CMP* Rs. 188 | *M Cap* Rs. 19161 Cr | *52 W H/L* 239/62
(Nirmal Bang Retail Research)
*Result is ahead of expectation*
*Company has not included Oman business number in consolidated result as company divested 49% holding including Oman EBITDA would have been Rs.2896cr Vs exp of Rs.2721cr*
Revenue from Operations came at Rs. 8989.8 Cr (-3.1% QoQ, 0.6% YoY) vs expectation of Rs. 10383.6 Cr, QoQ Rs. 9278.8 Cr, YoY Rs. 8939.5 Cr
EBIDTA came at Rs. 2702.3 Cr (13.3% QoQ, 64.6% YoY) vs expectation of Rs. 2721.5 Cr, QoQ Rs. 2384 Cr, YoY Rs. 1641.5 Cr
EBITDA Margin came at 30.1% vs expectation of 26.2%, QoQ 25.7%, YoY 18.4%
Adj. PAT came at Rs. 903.3 Cr vs expectation of Rs. 447.9 Cr, QoQ Rs. 183.1 Cr, YoY Rs. -300.5 Cr
Quarter EPS is Rs. 8.9
Share is trading at P/E of 10.9x FY22E EPS


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*Suven Pharmaceuticals Ltd.* | *CMP* Rs. 321 | *M Cap* Rs. 8172 Cr | *52 W H/L* 416/87
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 237.4 Cr (-0.4% QoQ, -13% YoY) vs QoQ Rs. 238.2 Cr, YoY Rs. 272.9 Cr
EBIDTA came at Rs. 98.5 Cr (-12.1% QoQ, -21.5% YoY) vs QoQ Rs. 112.1 Cr, YoY Rs. 125.5 Cr
EBITDA Margin came at 41.5% vs QoQ 47%, YoY 46%
Adj. PAT came at Rs. 74.1 Cr vs QoQ Rs. 91.5 Cr, YoY Rs. 93 Cr
Quarter EPS is Rs. 2.9
Share is trading at P/E of 34.1x TTM EPS

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#RelianceIndustries Q2FY21

Jio Q2:
Revenue up 5%
PAT up 13%

Revenue: 17,481 cr vs. 12,345 cr. (yoy) vs. 16,557 cr (qoq)
PAT at 2,844 cr

#RelianceJio

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