KALYANI STEELS Q1 Result

KALYANI STEELS Q1 Result 

YoY Rev at 496Cr Vs 492Cr ⬆️0.8%

QoQ Rev at 496Cr Vs. 459Cr⬆️8%

Year ended Rev: 1899Cr

YoY PAT at 61Cr vs 23Cr ⬆️165%

QoQ PAT at 61Cr Vs 69Cr ⬇️11.5%

Year ended PAT: 167Cr

ITC DEMERGER

ITC DEMERGER

Other than profit booking, the second biggest trouble for investors is the unfavourable demerger ratio for existing shareholders. As part of the demerger plan, ITC will own a 40% stake in the subsidiary which will be called ITC Hotels. The remaining 60% will be owned by the company’s shareholders on a proportionate basis.

Since shareholders are not getting one share against each share they are holding, they are disappointed. 

"This 60% of the business will be less than the annual dividend being paid by ITC now. It is not very substantial. It did not turn out to be as big as the market was initially thinking," Amit Kumar Gupta of FinTrekk Capital said.

Once listed, we see a risk there could potentially be some supply pressure from existing shareholders in the case of ITC Hotels, especially from shareholders like BAT. We also note that most analysts currently do not apply a hold-co discount which could potentially be the case once ITC Hotels is separately listed," Jefferies analyst Vivek Maheshwari said.

The demerger will help the new entity in attracting appropriate investors and strategic partners/collaborations whose investment strategies and risk profiles are aligned more sharply with the hospitality industry.

In the last few years, ITC has adopted an 'asset-right' strategy, with a greater focus on adding properties through management contracts rather than owned hotels. About half of the rooms added in the last 3 years in the standalone entity have been through management contracts.

With a revenue of Rs 2,700 crore, 120 properties and 11,500 rooms in its kitty, ITC is the second-largest hotel chain in India among listed peers.

The hotel business has seen its revenue grow at 12% CAGR over FY20-23. On the back of healthy occupancies (70%) and peak average room rates (ARR), a segmental EBITDA margin expanded to an all-time high of 32.2% in FY23. In the segment, the revenue doubled over FY22, standing at 1.4x of pre-pandemic levels.

Analysts say the hotels business is in a sweet spot, with improving travel activities and no new major room supply in the industry coming on stream leading to high occupancy and ARR.

JSW STEEL

JSW STEEL

Q1FY24 – Performance - Result is in line with the expectation. 

YoY Rev at 32,521Cr Vs 30,651Cr ⬆️6%

QoQ Rev at 32,521Cr Vs. 36,752Cr⬇️11.5%

Year ended Rev: 130,039Cr

YoY PAT at 1705Cr vs 956Cr ⬆️78%

QoQ PAT at 1705Cr Vs 2838Cr ⬇️40%

Year ended PAT: 4937Cr

Q4EPS at 7.05Rs vs 3.95Rs Vs. 11.74Rs

Year ended EPS: 20.42Rs

AARTI DRUGS Tender Buyback Approved

*AARTI DRUGS Tender Buyback Approved*

Today's Closing Price : 510/-

Buyback Price : 900/- (76% Gap From Closing)

Buyback Size ₹ : 59.85 Crore

Buyback Size in Shares : 6,65,000 Shares

Retail Quota : 99,750 Shares

*Record Date for Eligibility : Friday, 4 August*

TEJAS NETWORKS

TEJAS NETWORKS: Q1 SL NET LOSS 147M RUPEES VS LOSS 67M (YOY) || Q1 REVENUE 1.67B RUPEES VS 1.26B (YOY)

TEJAS NETWORKS: Q1 EBITDA LOSS 401M RUPEES VS LOSS 74M (YOY)

VEDANTA

VEDANTA : Q1 

CONS NET PROFIT 26.4B RUPEES VS 44.2B (YOY)

REVENUE 333B RUPEES VS 383B (YOY) 

EBITDA 64.20B RUPEES VS 102B (YOY)

EBITDA MARGIN 19.25% VS 26.66% (YOY)

CO HAS AN EXCEPTIONAL ITEM OF 17.80B RUPEES

Union Bank of India Q1 Result

Union Bank of India Q1 Result 

Net profit at Rs 3,236.4 cr vs Rs 1,558.5 cr (YoY)

NII up 16.6% at Rs 8,839.7 cr vs Rs 7,581.7 cr (YoY)

Gross NPA at 7.34% vs 7.53% (QoQ)

Net NPA at 1.58% vs 1.70% (QoQ)

Average Price of Gold

Average Price of Gold in Mumbai in the month of May (Rs. per 10 grams)🪙

2023: 60,583

2022: 50,879

2021: 47,860

2020: 46,343

2019: 31,738

2018: 31,116

2017: 28,471

2016: 29,639

2015: 27,093

2014: 28,738

2013: 26,769

2012: 28,845

(RBI)

Reliance Industries Limited Dividends

Reliance Industries Limited has informed the Exchange that Board of Directors at its meeting held on July 21, 2023, recommended Final Dividend of Rs. 9.00 per equity share.

HDFC LIFE INSURANCE Q1 Result

HDFC LIFE INSURANCE Q1 Result 

NET PROFIT 4.15B RUPEES VS 3.65B (YOY)

NET PREMIUM INCOME RUPEES 114.79B VS 98.47B (YOY)

INFOSYS Q1 Result

INFOSYS Q1 Result 

NET PROFIT 5945 CR VS 6128 CR (QOQ)

REVENUE 37900 CR VS 37400 CR (QOQ)  

EBITDA 7891 CR VS 7877 CR (QOQ)

EBITDA MARGIN 20.80% VS 21.04% (QOQ)

INDIAMART Tender Route Buyback

*INDIAMART Tender Route Buyback*

Single Share Participants 👍

Buyback Price : 4,000/-

Today's Closing Price : 2,900/-

Buyback Size ₹ : 500 Crore

Buyback Size in Shares : 12,50,000 Shares

Retail Quota : 1,87,500 Shares

Record Date for Eligibility : To Be Announced

Indiamart🔥🔥🔥🔥

BREAKING News:Money Times Talk - July 16, 2023

BREAKING News:

Money Times Talk - July 16, 2023

Indian Oil plans to raise Rs.22000 cr. via rights issues to fulfill its green ambition plans. Add for decent gains.

DCM Shriram Industries is foraying into Drones in a tie-up & equity participation with Zyrone Dynamics of Turkey. Recently, it signed an MOU with Skylock of Israel to manufacture anti-drone systems and has also developed a new bullet-proof vehicle. Its stock is poised for strong re-rating. Buy.

The Govt. is firm on doubling E-vehicle penetration in India and its large order for E-busses to Olectra Green is a concrete example. Add for the long term.

Idea Forge, which listed at 94% premium to its IPO price, is set to gain further. Add in small lots.

Opportunity to acquire a gold mine! Gujarat Govt. PSU shares will not come back soon. Buy GSFC, GNFC and GMDC before they flare up.

Suzlon to raise Rs.2000 cr. by way equity shares or convertible bonds or non-convertible bonds with or without convertible warrants. Accumulate.

Tinna Rubber will be the biggest beneficiary of the 2.5% mandatory use of recycled rubber in tyre manufacture given its exports to Bangladesh, Japan Thailand and Indonesia. Money Times recommended this scrip at Rs.356 about 4 months back. Even now at Rs.603, it is promising. Add.

RMC Swithgears has big expansion plans and its share price is poised for a rapid rise. Buy.

Indian Railways to revamp the entire signalling system at Rs.1 lakh crore. IRCON will be a very big beneficiary. Add.

Granules India’s Gagillapur facility has received EIR from USFDA. A big positive. Add.

Beware of rumors and false news about Lloyds Steel and Crane Software, where investors were duped in the past. Investors must stay clear and not jump into doubtful penny stocks.

M&M is in talks for Rs.5000 cr. EV push from British Intl. and other UK investors. On the domestic front, it continues to break all records. Add.

TCS clocked one of the slowest Q1 in the last few years. Stay away for some time as the markets look fully priced and a correction may be near.

PFC to raise NCDs of Rs.10000 cr. to propel its business, which continues to be excellent. Add.

India plans a biofuel alliance with some OPEC companies and ramp up present capacities. Kotiyar Industries may be a big beneficiary. Add.

Wipro to invest around Rs.100 cr. over the next few years on artificial intelligence. It has always rewarded patient investors. Add.

HCL posted a subdued Q1 with NP rising only 7.6% and revenue to Rs.26296 cr. The share looks overpriced. Sell now and buy back later.

Household spending on FMGC is rising. Buy Marico and Jyothy Labs.

Vedanta chief, Anil Agarwal, is determined to venture into semiconductors and enter the chip market this year. Add.

Indo-France defense ties are the highlight of PM Modi’s visit to France. Buying Rafale for the Indian Navy and making engines will be a very big boost for HAL. Add on dips.

Auto ancillaries in the EV segment will be the flavor of the season. Uno Minda has shown a CAGR of around 59% over the last 10 years. Add.

US FDA's GMP inspection of Gland Pharma’s Dundigul plant is over. It serves over 60 countries and has a strong foothold in the industry. Add in small lots.

RPP Infra Projects has new orders worth Rs.289.3 cr. taking its total order book to Rs.3000 cr. It has notched Q4 EPS of Rs.4.3, which may lead to FY24 EPS of Rs.15+. Buy for 30% gain.

Prakash Pipes is the cheapest PVC pipe share with a forward P/E of 4.7x against the industry average P/E of 47x. It notched 51% higher Q4 EPS of Rs.8.3 and 45% higher FY23 EPS of Rs.29.8, which may lead to FY24 EPS of Rs.35. Buy for 30% gain.

Federal Bank notched FY23 EPS of Rs.15 and 39% higher Q1FY24 EPS of Rs.4.2, which may lead to FY24 EPS of Rs.19+. Buy for 30% gain.

Bright Brothers’ wholly-owned subsidiary, Bright Brothers LLC has started commercial production in Wisconsin, USA. A big positive. Add on dips.

DCB Bank gets RBI nod to sell up to 7.5% stake to Tata Asset Management Pvt. Ltd. Also, Max Life has partnered it to offer a comprehensive range of life insurance solutions. Buy.

Gallantt Ispat to buy railway wagons and avail l0% rebate on railway freight rate for 15 years and thereby save 25% on freight cost (10% rebate + 15% on premium indent). Buy on dips.

PCBL commissions its specialty chemicals capacity expansion in Gujarat, which takes the total chemical production capacity of Mundra plant to 40000 TPA. Add on dips.

MSTC notched 63% higher Q4 EPS of Rs.10.9 and 22% higher FY23 EPS of Rs.34.4. Heavy investment buying could take its share price to new highs. Add.

Indian Bank notched Q4FY23 EPS of Rs.12.2 and FY23 EPS of Rs.44.8, which may lead to FY24 EPS to Rs.55+. A reasonable P/E of 8x could take its share price to Rs.440+ in the medium term. Add.

Dhunseri Ventures is setting up a film packaging plant and has notched FY23 consolidated EPS of Rs.155. Buy for 40% gain.

Summit Securities at a market cap of Rs.880 cr. is available at 90% discount to its holdings of Rs 8900 cr. in Ceat, KEC Int’l., Zensar, Spencer Int’l. Since all RPG (Harsh Goenka) cos. have rallied in the last 3 months significantly, add it for hefty gains.

L&T mirrors the India story including IT, Defence, Infra, Shipbuilding, etc. With a proven quality management, it is a must for every portfolio.

Bharat Forge is a behemoth that encompasses defence, oil & gas, automotive, etc. Another must for every portfolio.

Biocon is a super story that gets revealed in stages. Hurry and grab this blue chip.

Modison has ventured into electrical processors for aerospace, defence, railways and automotive industry. A big positive given the momentum in defence stocks. Add for 20% gain.

With all defense stocks booming, one can look at GOCL Corp which manufactures of explosives. Also, Lokesh Machines which is into manufacturing of small arms. Keep them on your radar.

With large cap IT stocks booming on Friday, keep an eye on Mid/small cap IT stocks this week. Genesys International into 3D mapping has nearly halved from its 52-week high. Add.

Rising energy costs & pollution control has made manufacturing in Europe unviable and many plants are shifting to developing countries. Buy Narmada Gelatin now bought by a Japanese co. 

Satin Creditcare Network recorded highest ever daily and weekly volumes on Friday, which indicates that something big is cooking. It posted 59% hn higher PAT, 39% higher NII, 20% higher AUM and 47% higher disbursement in Q4FY23. Add for decent gains.

Competent Automobiles is available at a throwaway valuation at a market cap. of just Rs.189 cr. Its FY23 revenue stood at Rs.1731 cr. with an EPS of Rs.40.24. The share trades at a P/E of 7.15x and P/BV ratio of 0.60x. The book value of its share stood at Rs.505. Keep it on your radar.

BDH Industries posted an excellent FY23 with RoE of 16.27%, RoEC of 19.61% and an EPS of Rs.14.25. Its share is 40% cum dividend and available at a P/E of 11x. Keep it on your radar.

Vedavaag Systems secured a big order worth Rs.72 cr. for implementation of IP based video surveillance systems covering 1002 railway stations. A big positive. Add for hefty gains.

On Friday, a powerful bullish breakout was seen in PSU GMDC. Keep it on your radar.

Midhani engaged in specialized forgings for defence components is likely to cross its 52-week high soon. Add.

On Friday, HSCL hit a new 52-week high with big volumes. Further, the Q1FY24 results will be published on 18 July. Keep it on your radar.

Day by day trading & delivery volumes are rising in *HCC* and it is likely to cross its 52-week high soon. Add.

Patel Engg.. secured orders worth Rs.7700 cr. in FY23 and its growth trajectory will continue in FY24. Kedia Securities of Vijay Kedia has added 30 lakh shares in Q1FY24.

On Friday, a bullish breakout with volumes was seen in Allied Digital Services. It declared FY23 dividend of 25% against 20% in FY22. Its Q1FY24 results will be out on 31 July. Add.

On Friday, Genus Power hit its 52-week new high with very big volumes. Keep it on your radar.

As per market grapevine, Anantraj is likely to cross Rs.200. Keep it on your radar.

D B Corp hit a new 52-week high on Friday with big volumes. Keep it on your radar.

Hindustan Oil Exploration’s subsidiary has bought the balance 50% shares of Geoenpro Petroleum, which raises its interest in the Kharsang oilfield to 35% with the right as operator to the block. Keep it on your radar.

On Friday, Shalby hit a new 52-week high with big volumes. It also announced its partnership with Sardar Vallabhbhai University to jointly develop a full time BBA in healthcare and hospital management. Its Q1FY24 results will be out on 20 July. Add.

On Friday, NCC hit a new 52-week high with big volumes. FIIs are raising their stake in the company. Its order book stood at Rs.50244 cr. as at 31 March 23. Buy.

Bullish breakout was seen in ITD Cementation with volumes. It notched 80% higher FY23 PAT and FY24 looks more promising as it has huge orders worth Rs.20044 cr. Add for good returns.

RKEC projects to install and commission TLF Skid at Kochi LNG Terminal for Rs.21.17 cr. in 12 months. Its order book stood at Rs.1000 cr. Keep it on your radar.

Aries Agro posted FY23 profit of Rs.20.23 cr. and EPS of Rs.15.56 on its equity of Rs.13 cr. With reserves of Rs.215 cr., the book value of its share works out to Rs.187. Further, it has a RoCE of 14.4%. FIIs are raising their stake in the company. Add for good returns.

Sanmit Infra intends to venture into eco-friendly green cremation system with use of less wood. The board has approved the addition of this business to its main object clause. Add.

Shreeji Logistics, a surface logistics and parcel delivery service provider, has renewed its contract with Singapore Airlines. Buy.

Money Times Talk is part of 'Money Times' publication.

Broad changes in Indian agriculture by FY

Broad changes in Indian agriculture by FY:

Pop'n (Cr): 

2022: 136.9 (3.81X)

1951: 35.9

Food prod'n (Mn Tonnes): 

2022: 936 (8.83X)

1951: 106

Agri sector income (Rs. lakh crore at 2011-12 prices):

2022: 21.15 (7.27X)

1951: 2.91

Agri Workers (Cr)

2022: 24.67 (2.58X)

1951: 9.72

Broad changes in Indian agriculture by FY

Broad changes in Indian agriculture by FY:

Pop'n (Cr): 

2022: 136.9 (3.81X)

1951: 35.9

Food prod'n (Mn Tonnes): 

2022: 936 (8.83X)

1951: 106

Agri sector income (Rs. lakh crore at 2011-12 prices):

2022: 21.15 (7.27X)

1951: 2.91

Agri Workers (Cr)

2022: 24.67 (2.58X)

1951: 9.72

BEPL Q1 result

BEPL Q1 result

YoY Rev at 294Cr Vs 337Cr ⬇️12%

QoQ Rev at 294Cr Vs. 327Cr⬇️10%

Year ended Rev: 1362Cr

YoY PAT at 50Cr vs 47Cr ⬆️6.3%

QoQ PAT at 50Cr Vs 14Cr ⬆️257%

Year ended PAT: 136Cr

ANGEL ONE Q1 Result

ANGEL ONE Q1 Result 

NET PROFIT 2.21B RUPEES VS 1.82B (YOY)

REVENUE 8.07B RUPEES VS 6.7B (YOY)

ANGEL ONE: CO DECLARED FIRST INTERIM DIVIDEND OF 9.25 RUPEES PER SHARE

Who’s Meeting Whom

Who’s Meeting Whom 

Central Bank Of India: To meet investors and analysts on July 17. 

Centum Electronics: To meet investors and analysts on July 14. 

Zensar Technologies: To meet investors and analysts on July 20. 

MAS Financial Services: To meet investors and analysts on July 13. 

Tanla Platforms: To meet investors and analysts on July 21. 

Kings Infra Ventures: To meet investors and analysts on July 17.

Tata Communications: To meet investors and analysts on July 20. 

HDFC Bank: To meet investors and analysts on July 17. 

Aurum PropTech: To meet investors and analysts on July 19. 

Zim Laboratories: To meet investors and analysts on July 13.

Economic Times

*Economic Times*

📝 TCS' Q1 profit rises 17% to Rs 11,074 cr, investors to get Rs 9/share dividend

📝 India, France to deepen strategic ties

📝 India proposes ease of business norms at G20

📝 HCL Tech Q1 Results: PAT rises 8% YoY to Rs 3,534 crore; dividend declared at Rs 10/share

📝 Nvidia in talks to become anchor investor in Arm IPO

📝 Utkarsh SFB IPO subscribed 4.73 times on Day 1; retail portion fully booked

📝 SBI to sell up to Rs 10,000 crore of AT-1 bonds this week

📝 Agri ministry asks banks to promote Rs 1 lakh cr Agriculture Infrastructure Fund

📝 India’s retail inflation rises to 4.81% in June on higher food prices

📝 India's industrial production output up 5.2% in May from 4.5% in April

📝 US inflation hits two-year low; declines sharply to 3% in June

📝 Global public debt hits record $92 trillion- UN report

📝 Fold Health raises $6 million in funding led by Iron Pillar

📝 Hectar Global raises $2.1 million in seed funding led by Powerhouse Ventures

*Business Standard*

📝 India's outward FDI shrinks by half YoY in June 2023, shows RBI data

📝 IAMAI urges GST Council to tax gaming platform fee, not full face value

📝 Placed under enhanced surveillance, SpiceJet to get Rs 500 cr from promoter

📝 Merged HDFC Bank: New entity will have market capitalisation of Rs 12.5 trn

📝 Housing ministry to organise national conclave on urban planning

📝 Patanjali Foods' promoters plan to offload up to 9% stake through OFS

📝 Centre imposes import restrictions on certain gold jewellery, articles

📝 Oil prices rise as mild US inflation data calms fear of Fed rate hike

📝 Confused over UV definition, car companies await govt notification on cess

📝 Sebi to tweak 'fit & proper' regime for bourses, clearing corporations

*Financial Express*

📝 Bank of India targets $4-billion international business by 2026

📝 Reliance Capital administrator files Hinduja’s resolution plan with NCLT Mumbai for approval

📝 Vedanta to continue ‘sizeable investments’ in India; made $35 bn investment till date: Chairman Anil Agarwal

📝 CapFort Ventures launches a Rs 200 crore fund to invest in tech startups

📝 Razorpay launches its payment gateway for businesses in Malaysia

📝 Reliance Retail among prospective buyers for Future Enterprises

📝 India, ADB sign $130 million loan to promote horticulture in Himachal Pradesh

📝 FinEzzy aims to disburse Rs 1,500 crore in loans against mutual funds over next year

📝 Govt directs NAFED, NCCF to procure tomatoes from AP, Karnataka, Maha for distribution in key consumption centres

📝 Cabinet nod to lithium mining by private companies

*Mint*

📝 Telecom manufacturing at ₹18,000 cr, should be scaled up 10x: Vaishnaw

📝 India in talks with Netherlands for pharma supplies

📝 Wipro to invest $1 bn in AI over three years

📝 Elon Musk announces new company xAI, set to build ChatGPT alternative

📝 Hindalco Industries board approves proposal to sell land for ₹595 crore

📝 Sebi to auction 22 properties of Bishal Group, NVD Solar on August 14

📝 PFC files draft shelf prospectus to raise ₹10,000 crore via NCDs

📝 IMD issues red alert for northeast India, Sikkim, Bihar.

FII BUY

FII BUY NET RUPEES 2237.93 CR OF INDIA SHARES TODAY 👍

DII SELL NET RUPEES 1196.68 CR 👎