SEBI | Public notice in respect of Extension of the SEBI Settlement Scheme 2020 - https://www.sebi.gov.in/media/public-notices/oct-2020/public-notice-in-respect-of-extension-of-the-sebi-settlement-scheme-2020_48049.html

*OCT 31, 2020: MONEYTIMES TOWERTALK*

Indian Bank is getting stronger and may grow 12%+ this year. Its Q2FY21 profit was 15% higher at Rs. 412 cr. Add.

Hindalco has succeeded in converting its waste red mud into a high-grade construction material. Hold for long term.

SBI Life Insurance’s Q2 profit jumped 131% to Rs 299.73 cr. on 44.82% rise in income to Rs. 18428 cr. A safe bet in this bear market.

Cosmo Films has proposed a buy back at a maximum rate of Rs. 576 per share. Buy around Rs. 472 as it continues to report better earnings.

Kotak Bank’s Q2 profit jumped 26.7% to Rs 2,184.48 cr. on 3.78% rise in revenue to Rs. 8288 cr. The share is slowly and steadily rising. Add

Indo Borax Chemicals, leading manufacturer of boric acid powder and allied chemicals, is available much below its recent highs. Accumulate.

An Ahmedabad analyst recommends to buy Decipher Labs, Gujarat Themis Bio, GSCL Cement, Goldium International, IOL Chemicals, India Gelatine, Kopran, Kakatiya Cement, Kabra Extrusion,Mbl Infra, Mangalam Drugs, NCL Ind, Pix Transmission, Salzer Ele, Themis Bio & Tarmat.

UCO Bank has turned around sharply with Q2 profit at Rs. 30 cr. against a loss of Rs. 892 cr. in Q2FY20. Buy this bank at this rock bottom price of around Rs. 12.

M&M Finance’s Q2 profit jumped 34% to Rs. 353 cr. on 5% rise in revenue. Business was good all-around in the car, tractor and the CV segments. Add.

L&T may declare a special dividend speculated at Rs. 35 per share. Its Rs. 25,000 cr. Mumbai-Ahmedabad Bullet train project is a game changer. Buy for the long term.

DHFL creditors are seeking revised takeover offers from the 4 bidders. Risk bearing investors may enter with a time horizon of 3 years.

Persistent Systems’ Q2 profit grew 14% to Rs. 192 cr. It hopes to better margins in Q3. Add for the long term.

ITC is confident of its food business growing in double digit pace in FY21. This FMGC stock is attractively priced at a low PE. Add.

Ceat’s Q2 sales of Rs. 1978 cr. and NP of Rs. 182 cr. leading to an EPS of Rs. 44.96 v/s Rs. 10.87 in Q2FY20 and FY20 EPS of Rs. 57.17 is an obvious buy around Rs. 1147.

Marico posted Q2 net profit of Rs. 264 cr. (up by 7%). The management had earlier indicated 10% growth in the next two years on robust rural growth. A good FMGC share in a defensive market

Wipro is about to acquire Encore Theme Technologies, a Chennai based specialist providing SaaS and Cloud solutions in financial services. A big positive for Wipro. Buy.

Axis Bank’s Q2 NP of Rs. 1,683 cr. from net loss of Rs. 112 cr. in Q2FY20 has stunned all. Its NIM has also improved on the back of rising revenue and fall in provisions. Add.

Cummins India posted 20.6% fall in NP to Rs. 145.55 cr. on 11% decline in sales. The share quotes at a PE of around 16.5 and deserves to be sold. Stay away for the time being.

Havells India Q2 PAT jumped 82% to Rs. 326 cr. on 10% spurt in income. Profit margin has also risen from 8% to 13%. A good long term buy.

The Q2 results of Tyche, a small cap pharma company, on 10th Nov are likely to be good. In Q1 it doubled its y-o-y profit.

Manufacturing soda ash and home textiles, GHCL posted Q2FY21 EPS of Rs 8 and is exploring a 5-lakh TPA green-field soda ash plant. Despite a difficult period, it may post an EPS of Rs. 30+. The share can fetch a decent gain of 30% in the medium term.

Kaveri Seeds commands 8-10% share of the Rs 15, 000 cr. organised hybrid seed market and is expected to notch an EPS of Rs 60 in FY21. A reasonable P/E of 14x can take its share price to Rs 840. Buy-back of the share is also likely. Accumulate.

Faze Three Autofab provider of automotive fabric and seating systems to automotive giants like General Motors, Ford, Hyundai, M & M, Volvo and Maruti,. etc is expected to notch a FY21 EPS of Rs 12 as against Rs 8.4 in FY20. The share is likely to double from the current level.

Expleo Solutions, earlier known as Thinksoft Global, has deep relationships with leaders in Banking, Financial Services &Insurance (BFSI) space is expected to post a FY21 EPS of Rs 60+. A reasonable P/E of 12.5x

can take its share price to Rs 750. Buy.

Rajratan Global Wires among Asia’s largest bead wire and high-carbon steel wire manufacturers has posted the best ever Q2FY21 EPS of Rs 13.3. Based on the current going, it is expected to notch a FY21 EPS of Rs. 45. The share may cross the Rs 450 mark. Buy.

eClerx Ltd., which provides critical business operations services to over 50 global Fortune 500 clients, has notched 30% higher net in Q1FY21 and is expected to post a FY21 EPS of Rs. 75 on its reduced equity resulting from the buyback. The share is poised to touch the Rs. 900 mark.

Great Eastern Shipping took delivery of a second hand very large gas carrier ‘Jag Vishnu’. With a fleet of 46 ships aggregating 3.70 million DWT, it posted a H1FY21 EPS of Rs. 47 and may post FY21 EPS of Rs 65. At a forward P/E of just 7x, the share may cross the Rs. 450 mark.

With a likely FY21 EPS of Rs. 100, the share of Larsen &Toubro, the highly diversified engineering conglomerate with over Rs,1,31,000 market capitalization, is being recommended by some analysts with a price target of Rs. 1250. Buy.

Ester Industries has broken its all-time high of Rs.108 touching Rs.120 on the back of its excellent Q2FY21 EPS of Rs. 5+. Buy at every decline for a target of Rs.200. (We have been recommending this stock from Rs. 50 level)

Menon Pistons, a microcap stock, is a potential multibagger in the making. It trades cheap at a market cap. of lesss than Rs.100 cr. and can easily double from the current level of Rs,13.

Rising e-commerce sales augur well for the stock of Blue Dart Ltd, A dark horse in the making.

Orient Cement looks cheap when compared to other small cap cement players. The stock can easily appreciate 50% from the current level.

Surya Roshni is reportedly faring quite well and the stock has the potential to go back to its glorious days around Rs.400 level.

https://t.me/marketswizard
https://t.me/BooksMakeIndiaRead

FII / FPI & DII activity for 02-Nov-2020.
Net Trends in Fund Flows( in Cr. )
FIIs : 740.61
DIIs : -533.97

FII DERIVATIVES STATISTICS FOR 02-Nov-2020

INDEX FUTURES = -1,753.73
INDEX OPTIONS = 1,226.59
STOCK FUTURES = 734.08
STOCK OPTIONS = 94.49 https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

03 Nov 2020

BAN SCRIP -

NIL https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*Shriram City Union Finance Ltd. -S* | *CMP* Rs. 822 | *M Cap* Rs. 5426 Cr | *52 W H/L* 1572/617
(Nirmal Bang Retail Research)
*Result is above expectations*
NII came at Rs. 878 Cr vs expectation of Rs. 852 Cr, YoY Rs. 951 Cr, QoQ Rs. 874 Cr
PBP came at Rs. 562 Cr vs expectation of Rs. 542 Cr, YoY Rs. 574 Cr, QoQ Rs. 567 Cr
Provision came at Rs. 201 Cr vs expectation of Rs. 310 Cr, YoY Rs. 197 Cr, QoQ Rs. 310 Cr
Cumulative covid provisions stand at Rs. 707 Cr (~2.4% of AUM)
PAT came at Rs. 257 Cr vs expectation of Rs. 206 Cr, YoY Rs. 298 Cr, QoQ Rs. 192 Cr
Quarter EPS is Rs. 38.9
Share is trading at P/E of 5.4x FY22E EPS & 0.7x trailing P/BV

# Asset quality details are awaited https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*Triveni Turbine Ltd.* | *CMP* Rs. 70 | *M Cap* Rs. 2263 Cr | *52 W H/L* 115/46
(Nirmal Bang Retail Research)
*Result is ahead of expectations*
Revenue from Operations came at Rs. 185.3 Cr (12.2% QoQ, -25.1% YoY) vs expectation of Rs. 192.1 Cr, QoQ Rs. 165.2 Cr, YoY Rs. 247.3 Cr
EBIDTA came at Rs. 49.4 Cr (27.7% QoQ, -6.7% YoY) vs expectation of Rs. 40.7 Cr, QoQ Rs. 38.7 Cr, YoY Rs. 52.9 Cr
EBITDA Margin came at 26.6% vs expectation of 21.2%, QoQ 23.4%, YoY 21.4%
Adj. PAT came at Rs. 42.9 Cr vs expectation of Rs. 29.6 Cr, QoQ Rs. 27.3 Cr, YoY Rs. 50.2 Cr
Quarter EPS is Rs. 1.3
Share is trading at P/E of 16x FY22E EPS https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*Escorts Ltd Q2 FY21 Con-call Update*
(Nirmal Bang Retail Research)
*Outlook: Positive*
• Revenue for tractor grew by 23.9% to Rs. 1640 Cr from Rs. 1324 Cr YoY with sales of 24441 units
• EBITDA at Rs. 300.9 Cr up by 878 bps and margin at 18% due to better product mix and lower cost of raw material and lower other cost.
• The Agri-Machinery segment (80.6% of the revenue mix) grew by 34.7% QoQ and the momentum in Agri sector will continue supported by positive rural demand
• Construction Equipment segment (9.6% of the revenue mix) down by 13.1% at 821 units YoY but is looking to improve in the coming months with improvement in Infra spending
• Railway division sale (9.8% of the revenue mix) up by 26.4% YoY and 191.8% QoQ while New Product Developed (NPD) contribution in railway up to 58.4% as against 42.3% YoY
• Domestic Tractor market share has declined from 10.7% to 9.8% QoQ due to production constraints and very low inventory in the quarter

• Commercial tractors (lower HP) usage had dropped due to many infrastructure projects being halted or delayed but demand is recovering with opening up since the lockdowns
• Supply chain has been smoothening and should be back to pre-covid levels in the next 2-3 weeks as the fundamental issues have been resolved

• The order book for Railway division as of 30th Sep 2020 is more than Rs. 350Cr and has an execution time of 6-8 months. Due to the pandemic, fresh order tendering and order inflow has been adversely impacted but tendering process is expected to pre-Covid level by Q4 of current fiscal
• Margin in Farm Equipment division is likely to come down from 20% to 17-18% level due to increase is Raw material cost, employee cost, travelling cost etc
• Capex for FY21 to be up to Rs. 300 Cr out of which Rs. 90-100 Cr will be for additional capacity to increase tractor production from the present 10000 units to 12500 per month which will be operational by next fiscal
Share is trading at P/E of 17.9x FY22EPS https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*Oracle Financial Services Software Ltd.* | *CMP* Rs. 3143 | *M Cap* Rs. 27030 Cr | *52 W H/L* 3301/1506
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Revenue from Operations came at Rs. 1197.3 Cr (-10.5% QoQ, 3% YoY) vs expectation of Rs. 1243.5 Cr, QoQ Rs. 1337.3 Cr, YoY Rs. 1162.5 Cr
EBIDTA came at Rs. 577.8 Cr (-16.3% QoQ, 11.5% YoY) vs expectation of Rs. 624.2 Cr, QoQ Rs. 690.1 Cr, YoY Rs. 518.4 Cr
EBITDA Margin came at 48.3% vs expectation of 50.2%, QoQ 51.6%, YoY 44.6%
Adj. PAT came at Rs. 392 Cr vs expectation of Rs. 393.1 Cr, QoQ Rs. 479.8 Cr, YoY Rs. 358.8 Cr
Quarter EPS is Rs. 45.6
Share is trading at P/E of 15x FY22E EPS https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*Automotive Axles Ltd.* | *CMP* Rs. 700 | *M Cap* Rs. 1057 Cr | *52 W H/L* 970/336
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 169.2 Cr (335.5% QoQ, -15.4% YoY) vs QoQ Rs. 38.9 Cr, YoY Rs. 200 Cr
EBIDTA came at Rs. 9.2 Cr (-166.9% QoQ, -45.6% YoY) vs QoQ Rs. -13.8 Cr, YoY Rs. 16.9 Cr
EBITDA Margin came at 5.4% vs QoQ -35.4%, YoY 8.5%
Adj. PAT came at Rs. 6 Cr vs QoQ Rs. -19.3 Cr, YoY Rs. 6.2 Cr
Quarter EPS is Rs. 4 https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*Tata Motors Oct'20 Sales - Improved*
(Nirmal Bang Retail Research)
Total Domestics Sales came at 49669 vs YoY 39152 units (26.9%) and MoM 44444 units (11.8%) https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

Ntpc buyback approved
Issue size - 19,78,91,146 shares (2275.75 crore)
Buyback price - 115 per share (approx 29% premium to cmp of 89)

Retail Quota - 2,96,83,672 shares
Tender route
Record date - 13th Nov. https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*Zee Entertainment Enterprises Ltd.* | *CMP* Rs. 183 | *M Cap* Rs. 17577 Cr | *52 W H/L* 364/114
(Nirmal Bang Retail Research)
*Result below expectation*
Revenue from Operations came at Rs. 1723.7 Cr (31.4% QoQ, -18.8% YoY) vs expectation of Rs. 1778.8 Cr, QoQ Rs. 1312 Cr, YoY Rs. 2122 Cr
EBIDTA came at Rs. 313.7 Cr (42.6% QoQ, -54.7% YoY) vs expectation of Rs. 394 Cr, QoQ Rs. 219.9 Cr, YoY Rs. 692.9 Cr
EBITDA Margin came at 18.2% vs expectation of 22.1%, QoQ 16.8%, YoY 32.7%
Adj. PAT came at Rs. 191.2 Cr vs expectation of Rs. 258.3 Cr, QoQ Rs. 30.4 Cr, YoY Rs. 583.9 Cr
Quarter EPS is Rs. 2
Share is trading at P/E of 11x FY22E EPS https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*KEI Industries Ltd.* | *CMP* Rs. 334 | *M Cap* Rs. 3003 Cr | *52 W H/L* 591/208
(Nirmal Bang Retail Research)
*Result is marginally ahead of expectations*
Revenue from Operations came at Rs. 1036.9 Cr (39.1% QoQ, -15.7% YoY) vs expectation of Rs. 1090.5 Cr, QoQ Rs. 745.3 Cr, YoY Rs. 1230.2 Cr
EBIDTA came at Rs. 104.9 Cr (45.2% QoQ, -14.2% YoY) vs expectation of Rs. 90.3 Cr, QoQ Rs. 72.3 Cr, YoY Rs. 122.2 Cr
EBITDA Margin came at 10.1% vs expectation of 8.3%, QoQ 9.7%, YoY 9.9%
Adj. PAT came at Rs. 68.2 Cr vs expectation of Rs. 50.1 Cr, QoQ Rs. 36.2 Cr, YoY Rs. 76.2 Cr
Quarter EPS is Rs. 7.6
Share is trading at P/E of 10.2x FY22E EPS https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*Punjab National Bank Ltd.* | *CMP* Rs. 28 | *M Cap* Rs. 26256 Cr | *52 W H/L* 70/26
(Nirmal Bang Retail Research)
*Result is ok*
Net Interest Income came at Rs. 8393 Cr vs YoY Rs. 4264 Cr, QoQ Rs. 6748 Cr
Non Interest Income came at Rs. 2493 Cr vs YoY Rs. 2265 Cr, QoQ Rs. 3688 Cr
PBP came at Rs. 5675 Cr vs YoY Rs. 3562 Cr, QoQ Rs. 5280 Cr
Provisions came at Rs. 4696 Cr vs YoY Rs. 2929 Cr, QoQ Rs. 4686 Cr
Adj. PAT came at Rs. 621 Cr vs YoY Rs. 507 Cr, QoQ Rs. 308 Cr
Gross NPA came at Rs. 96314 Cr vs QoQ Rs. 101849 Cr at 13.43% vs QoQ 14.11%
Net NPA came at Rs. 30920 Cr vs QoQ Rs. 35303 Cr at 4.75% vs QoQ 5.39%
Quarter EPS is Rs. 1
Share is trading at P/E of 12.1x FY22E EPS & 0.3x trailing P/Adj. BV

# Collection Efficiency data is awaited https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*Wonderla Holidays Ltd.* | *CMP* Rs. 156 | *M Cap* Rs. 881 Cr | *52 W H/L* 293/105
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 0.2 Cr (757.1% QoQ, -99.6% YoY) vs QoQ Rs. 0 Cr, YoY Rs. 40.8 Cr
EBIDTA came at Rs. -7.6 Cr (-36.3% QoQ, -237.9% YoY) vs QoQ Rs. -11.9 Cr, YoY Rs. 5.5 Cr
EBITDA Margin came at -4200.7% vs QoQ -56552.4%, YoY 13.4%
Adj. PAT came at Rs. -15.8 Cr vs QoQ Rs. -14.5 Cr, YoY Rs. 0.2 Cr
Quarter EPS is Rs. -2.8
Share is trading at P/E of 16.3x FY22E EPS https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*City Union Bank Ltd.* | *CMP* Rs. 153 | *M Cap* Rs. 11261 Cr | *52 W H/L* 249/110
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Net Interest Income came at Rs. 475 Cr vs expectation of Rs. 442 Cr, YoY Rs. 412 Cr, QoQ Rs. 437 Cr
Non Interest Income came at Rs. 169 Cr vs expectation of Rs. 150 Cr, YoY Rs. 195 Cr, QoQ Rs. 161 Cr
PBP came at Rs. 385 Cr vs expectation of Rs. 334 Cr, YoY Rs. 346 Cr, QoQ Rs. 356 Cr
Provisions came at Rs. 177 Cr vs expectation of Rs. 150 Cr, YoY Rs. 108 Cr, QoQ Rs. 157 Cr
Bank made covid provisions of Rs. 115 Cr during the qtr taking cumulative provisions to Rs. 330 Cr (0.95% of AUM)
Adj. PAT came at Rs. 158 Cr vs expectation of Rs. 136 Cr, YoY Rs. 194 Cr, QoQ Rs. 154 Cr
Gross NPA came at Rs. 1221 Cr vs QoQ Rs. 1346 Cr at 3.44% vs QoQ 3.9%
Net NPA came at Rs. 631 Cr vs QoQ Rs. 716 Cr at 1.81% vs QoQ 2.11%
Quarter EPS is Rs. 2.1
Share is trading at P/E of 16.1x FY22E EPS & 2.3x trailing P/Adj. BV

# Collection Efficiency data is awaited https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*Atul Auto Oct'20 Sales – Continued to remain weak*
(Nirmal Bang Retail Research)
Sales came at 2311 vs YoY 5171 units (-55.3%) and MoM 1633 units (41.5%) https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*Greenlam Industries Ltd.* | *CMP* Rs. 755 | *M Cap* Rs. 1821 Cr | *52 W H/L* 1055/442
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 289.3 Cr (80.4% QoQ, -17.1% YoY) vs expectation of Rs. 272 Cr, QoQ Rs. 160.4 Cr, YoY Rs. 349 Cr
EBIDTA came at Rs. 40.5 Cr (414.7% QoQ, -16.6% YoY) vs expectation of Rs. 36.3 Cr, QoQ Rs. 7.9 Cr, YoY Rs. 48.5 Cr
EBITDA Margin came at 14% vs expectation of 13.3%, QoQ 4.9%, YoY 13.9%
Adj. PAT came at Rs. 18.5 Cr vs expectation of Rs. 14.2 Cr, QoQ Rs. -7.7 Cr, YoY Rs. 27.5 Cr
Quarter EPS is Rs. 7.7
Share is trading at P/E of 18.8x FY22E EPS https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*Fine Organic Industries Ltd.* | *CMP* Rs. 2592 | *M Cap* Rs. 7957 Cr | *52 W H/L* 3260/1500
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Revenue from Operations came at Rs. 271 Cr (12.9% QoQ, -1.1% YoY) vs expectation of Rs. 269.4 Cr, QoQ Rs. 240 Cr, YoY Rs. 274 Cr
EBIDTA came at Rs. 51.2 Cr (-2.4% QoQ, -21.4% YoY) vs expectation of Rs. 59.9 Cr, QoQ Rs. 52.5 Cr, YoY Rs. 65.1 Cr
EBITDA Margin came at 18.9% vs expectation of 22.2%, QoQ 21.9%, YoY 23.8%
Adj. PAT came at Rs. 31.2 Cr vs expectation of Rs. 37.9 Cr, QoQ Rs. 28.6 Cr, YoY Rs. 57 Cr
Quarter EPS is Rs. 10.2
Share is trading at P/E of 35.9x FY22E EPS https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead