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

*Cadila Healthcare Ltd.* | *CMP* Rs. 410 | *M Cap* Rs. 41972 Cr | *52 W H/L* 448/202
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 3820 Cr (4.9% QoQ, 13.5% YoY) vs expectation of Rs. 3673.1 Cr, QoQ Rs. 3639.9 Cr, YoY Rs. 3366.6 Cr
EBIDTA came at Rs. 863.4 Cr (5.9% QoQ, 38% YoY) vs expectation of Rs. 777 Cr, QoQ Rs. 815.4 Cr, YoY Rs. 625.6 Cr
EBITDA Margin came at 22.6% vs expectation of 21.2%, QoQ 22.4%, YoY 18.6%
Adj. PAT came at Rs. 473.4 Cr vs expectation of Rs. 448.7 Cr, QoQ Rs. 454 Cr, YoY Rs. 375.3 Cr
Quarter EPS is Rs. 4.6
Share is trading at P/E of 22.1x FY22E EPS https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

🏦 *Bandhan Bank Q2 Results Highlights*

🖋️Net Profit 9.2B Rupees Vs 9.72B(YOY): Est 8B

🖋️Interest Income 31.98B Rupees Vs 26.9B (YOY)

🖋️Provisions 3.95B Rupees Vs 1.46B (YOY) 11 Q2

🖋️Gross NPA 1.18% Vs 1.43% (QOQ) Net NPA 0.36%Vs 0.48% (QOQ)

🖋️Gross NPA 1.18% Vs 1.43% (QOQ)

🖋️Annualised Net Interest Margin 8% Vs 8.2% (YOY)

▶️ *Impact* : Neutral

▶️. *Technical view* - The stock looks good on the charts. Support around 287 and resistance around 310. Break and hourly close above 310 will take it to 318 and then to 325+ levels in days to come.https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead

*Stocks in the news*

*Tata Motors:* Company recorded higher domestic sales at 49,669 units in October against 39,152 units YoY.

*Punjab National Bank:* Bank reported higher profit at Rs 620.8 crore in Q2FY21 against Rs 308.5 crore, NII grew to Rs 8,393.2 crore from Rs 6,748.4 crore QoQ.

*City Union Bank:* Bank reported lower profit at Rs 157.7 crore in Q2FY21 against Rs 193.5 crore, NII rose to Rs 475.1 crore from Rs 411.5 crore YoY.

*Zee Entertainment Enterprises:* Company reported lower profit at Rs 93.4 crore in Q2FY21 against Rs 413 crore, revenue fell to Rs 1,722.7 crore from Rs 2,122 crore YoY.https://t.me/marketswizard

https://t.me/BooksMakeIndiaRead