ANGEL STOCK MARKET

Sunday, May 21, 2023

positive returns in PSB

All PSBs have given positive returns in the last one year.

1. UCO Bank +130%

2. PSB +100%

3. Bank of Maha. +96%

4. UBI +95%

5. BOB +89%

6. Indian Bank +88%

7. BOI +74%

8. PNB +68%

9. Canara Bank +59%

10. Central Bank +52%

11. IOB +42%

12. SBI +28%

19-05-2023

Largest companies by country (market cap)

Largest companies by country (market cap):

🇦🇷Argentina → MercadoLibre

🇦🇺Australia → BHP Group

🇦🇹Austria → Verbund AG

🇧🇪Belgium → Anheuser-Busch Inbev

🇧🇷Brazil → Petrobras

🇰🇭Cambodia → Sihanoukville Autonomous

🇨🇦Canada → Royal Bank Of Canada

🇨🇱Chile → Sociedad Química y Minera

🇨🇳China → Tencent

🇩🇰Denmark → Novo Nordisk

🇫🇮 Finland → Nordea Bank

🇫🇷France → LVMH

🇩🇪Germany → SAP

🇬🇷Greece → OTE Group

🇭🇰Hong Kong → AIA

🇮🇹Italy → Enel

🇮🇸 Iceland → Alvotech

🇮🇩Indonesia → Bank Central Asia

🇮🇳India → Reliance Industries

🇮🇪Ireland → Accenture

🇮🇱 Israel → Mobileye

🇯🇵Japan → Toyota

🇱🇺Luxembourg → ArcelorMittal

🇲🇾Malaysia → Maybank

🇲🇽Mexico → Walmex

🇳🇱Netherlands → ASML

🇳🇿New Zealand → Fisher & Paykel Healthcare

🇳🇴Norway → Equinor

🇵🇱Poland → PKN Orlen

🇵🇹Portugal → EDP Group

🇷🇺Russia → United Heavy Machinery

🇸🇦Saudi Arabia → Saudi Aramco

🇸🇬Singapore → DBS Group

🇿🇦South Africa → Naspers

🇰🇷South Korea → Samsung

🇪🇸Spain → Inditex

🇸🇪Sweden → Atlas Copco

🇨🇭Switzerland → Nestlé

🇹🇼Taiwan → TSMC

🇹🇭Thailand → Airports of Thailand

🇹🇷Turkey → Sasa Polyester

🇦🇪UAE → International Holding Company

🇬🇧UK → AstraZeneca

🇺🇸US → Apple

Friday, May 19, 2023

PI INDUSTRIES Q4 Result

NET PROFIT 2.79B RUPEES VS 2.05B (YOY); 3.5B (QOQ)

REVENUE 15B RUPEES VS 13.4B (YOY); 15.7B (QOQ)

EBITDA 3.34B RUPEES VS 302M (YOY)

EBITDA MARGIN 22.19% VS 22.4% (YOY)

*CO RECOMMENDED FINAL DIVIDEND OF 5.50 RUPEES PER EQUITY SHARE*

RBI: 2000 RUPEE DENOMINATION

RBI: 2000 RUPEE DENOMINATION BANKNOTES – WITHDRAWAL FROM CIRCULATION; WILL CONTINUE AS LEGAL TENDER

RBI: IT HAS BEEN DECIDED TO WITHDRAW THE 2000 RUPEES DENOMINATION BANKNOTES FROM CIRCULATION || RBI: THE BANKNOTES IN 2000 RUPEES DENOMINATION WILL CONTINUE TO BE LEGAL TENDER

RBI: BANKS MAY EXCHANGE 2000 RUPEES BANKNOTES UPTO A LIMIT OF 20,000 RUPEES AT A TIME

RBI SAYS 2000 RUPEE NOTES NOT COMMONLY USED FOR TRANSACTIONS || RBI SAYS OTHER CURRENCY DENOMINATIONS ADEQUATE TO MEET CURRENCY NEEDS OF PUBLIC

RBI: ALL BANKS SHALL PROVIDE DEPOSIT AND/OR EXCHANGE FACILITY FOR 2000 RUPEE BANKNOTES UNTIL SEPTEMBER 30, 2023

RBI: NO RESTRICTIONS ON DEPOSIT OF 2000 RUPEES NOTES INTO BANK ACCOUNTS

Nifty : Important Technical Update

4 BEARS found on the chart, but unable to significantly dampen the charts as of now.

The index is still stuck in a range 18050-18450

BANKNIFTY

43850 level will act as a median. If price gave closed below this level then only can take short trades till 43700 then 43500.

Nifty50

Upside hurdles at 18180 then 18250 level

Downside supports at 18100 the 18000

Derivatives update

*Derivatives update*

Derivatives update for Friday, 19 May 2023.

India VIX was down by 2.33% from 13.10 to 12.79 levels. Volatility had sunk in the initial tick but later spiked and caused swings in the market.

Nifty *Put/Call Ratio* (OI) increased from 0.83 to 0.93 level.

On Option front, monthly Maximum Call OI is at 18200 then 18300 strike while Maximum Put OI is at 18200 then 18000 strike. Call writing is seen at 18200 then 18300 strike while minor Put writing is seen at 18100 then 18000 strike.

*Option data suggests a broader trading range in between 17900 to 18400 zones while an immediate trading range in between 18000 to 18300 zones.*

For weekly Bank Nifty, Maximum Put OI is at 42000 then 43000 strike and maximum Call OI is placed at 44000 then 44500 strike. We have seen Call writing 44000 and Put writing is witnessed at 40000 strike.

Bank Nifty Put Call Ratio increased from 0.83 to 1.01 Implied volatility fell from 14.6 to 14.4 levels.

Bank Nifty (CMP 43,752)

Data setup for Bank Nifty suggests a trading range in between *43333/43500 to 44000/44144 zones.*

Looking ahead at the FII’s derivatives activity, there was long built up in index futures, position unwinding in index options and short built up in stock futures.

In the cash market, FIIs were net buyers to the tune of 970 crores while DII’s were net sellers worth 850 crores. FIIs Index Long Short Ratio increased to 49.06%.

Derivatives data and price set up suggests, till Nifty holds below 18181 zones, some more profit booking could be seen towards 18081 and 18018 zones while on the upside hurdle exists at 18218 and 18333 marks.

Till Bank Nifty holds below 44000 zones, bounce could be sold for some weakness towards 43500 then 43333 levels while on the upside hurdle is seen at 44000 then 44144 marks.

Thank you. Have a great trading day and weekend ahead..!!

Pre-Market Derivatives and Technical Set-up

*Pre-Market Derivatives and Technical Set-up*

◆ Nifty index opened gap up but witnessed selling pressure right from the initial tick. It witnessed swings within a small range in the first half of the session followed by bear’s grip in the next half. It breached its previous day’s lower zones and drifted towards 18100 levels. It is facing pressure at higher zones with third consecutive Bearish candle and finally closed with losses of around 50 points

◆ Now till it holds below 18181 zones, some more profit booking could be seen towards 18081 and 18018 zones while on the upside hurdle exists at 18218 and 18333 marks

◆ India VIX was down by 2.33% from 13.10 to 12.79 levels. Volatility had sunk in the initial tick but later spiked and caused swings in the market

◆ On Option front, monthly Maximum Call OI is at 18200 then 18300 strike while Maximum Put OI is at 18200 then 18000 strike. Call writing is seen at 18200 then 18300 strike while minor Put writing is seen at 18100 then 18000 strike. Option data suggests a broader trading range in between 17900 to 18400 zones while an immediate trading range in between 18000 to 18300 zones

◆ Bank Nifty opened gap up by 300 points above 44000 zones but failed to hold its opening gains and remained consolidative in narrow range of 200 points in the first half of the session in between 43850 to 44050 levels. However it breached its hourly support of 43800 zones and drifted swiftly towards 43675 levels and remained volatile to close near 43750 zones. It formed a Bearish candle on daily scale as selling pressure was seen at higher zones

◆ Now till it holds below 44000 zones, bounce could be sold for some weakness towards 43500 then 43333 levels while on the upside hurdle is seen at 44000 then 44144 marks

◆ Bullish setup in Cholafin, Au Bank, Ramco Cement, Bhartiartl, Berger Paint, Pidilitind and Axis Bank

◆ Bearish setup in Metropolis, Gail, Granules, Suntv, Divislabs, Indus Tower, Can Bank, ACC, Shree Cement, RBL Bank, Hindpetro, Alkem, Rain, Bharatforg, SRF, Jindalstel, NMDC, Powergrid, Drreddy and Grasim

News and Impact

· Expects markets to open on a positive note on account of rally in the across the global market as hope grew for a U.S. debt ceiling deal. Optimism for a US debt-ceiling deal, fall in US Job data along with Housing data and better than expected Walmart results lifted Nasdaq by 1.5% to close at 13-month high and S&P 500 advance 1% to close 9-month high. Markets expect that Fed will start cutting interest rates in the second half of the year after the US existing Home Sales decreased by 3.4% month-over-month in April. On the other hand, US House Speaker Kevin McCarthy said a debt-limit deal will likely be considered on the House floor next week and told reporters discussions were in a “much better place” than before. A positive earnings outlook from consumer bellwether Walmart Inc. also added fuel in the market sentiment. However, US dollar Index surged to 2-month high and spiked in US 10-year and 2-year bond yield is a concern in the market. Asian markets open on a positive note and marginally gain US Future. SGX Nifty advance quarter percent today. Yesterday, Nifty declined over half percent from the intra-day high and fell in the last three trading sessions on account of profit booking. Strong FIIs inflow, good quarterly results and impressive micro data will be positive for the market sentiment. Recent fall (Sensex declined 900 points last 3-day) is a good opportunity to buy on domestic equity. We are positive on banks, auto, NBFC and defense stocks. Both SBI and ITC announced impressive Q4 results yesterday. Defense stocks will be focus after the news that the HDFC Mutual Fund will launch India's first defence fund.

· US Market –. US stocks closed higher on mounting optimism that a debt ceiling deal could be reached within days, with discount retailer Walmart providing additional support after an upbeat

· annual sales forecast. Nasdaq Composite surged 1.5% to close 13-month high while S&P 500 gained nearly 1% to close 9-month high

· Global market summary – Nasdaq closed 13-month high, S&P 500 closed 9-month high, US Dollar Index spiked to 2-month high of above 103, US 10-Year yield surged to 1-month high at 3.63 and over 1-month high of 4.21%. Gold price fell to 6-week low, Japan CPI spiked to 40-year high at 3.4%

· Asian Market – Asian stocks advanced alongside US equity futures on rising hopes that lawmakers in Washington will avert a first-ever US default. Shares in Japan, Australia and South Korea all edged higher by half percent. The advance for the Topix Index placed the gauge of Japanese blue chips on course for its best week since November and a fresh 33-year high.

· European Market – European stocks bounced after two days of losses following Wednesday’s gains on Wall Street, as investors were optimistic about a breakthrough in US debt-ceiling talks. Both Germany and France Index gained 1% higher while UK Index gained 0.3%.

· Oil – Oil declined marginally to below $76/bbl headed on account of slowdown in the global demand and optimism that the US will avert a catastrophic debt default.

· Gold – Gold declined 2% to 6-week low at $1955/ounce (fell to below 20-DMA) as traders tracked talks to resolve the US debt-ceiling impasse and dissected comments from a slew of Federal Reserve officials on the outlook for interest rates.

· Previous Day market Update –Equity benchmark Nifty reverse the intra-day gain and declined for third trading sessions on account of profit in heavyweights ITC, SBI, L&T, Hindustan Unilever and Maruti. Nifty dropped 52 points or 0.3% to end at 18,130 while touched intra-day high of 18297. PSU Bank Index slipped nearly 2% after the banking major SBI announced Q4 results. FMCG index slipped over 1% lower after ITC announced Q4 result which was in line with expectation. Nifty realty index nosedived over 2% followed by pharma, mid-cap and small cap sectors. Sensex declined 129 points or 0.21% to settle at 61,432. Sensex fell 900 points or 1.5% in the three trading sessions. Traders were booking profit from the higher level after announced mixed bag of quarterly results and lingering concerns about a standoff in US debt-ceiling negotiations. FIIs were net buyers Rs970cr while DIIs were net sellers Rs850cr yesterday.

· Nifty Technical Levels - Nifty is facing pressure at higher zones with third consecutive Bearish candle and finally closed with losses of around 50 points. Now till it holds below 18181 zones, some more profit booking could be seen towards 18081 and 18018 zones while on the upside hurdle exists at 18218 and 18333 marks.

· Bank Nifty Technical Levels – Bank Nifty breached its hourly support of 43800 zones and drifted swiftly towards 43675 levels and remained volatile to close near 43750 zones. It formed a Bearish candle on daily scale as selling pressure was seen at higher zones. Now till it holds below 44000 zones, bounce could be sold for some weakness towards 43500 then 43333 levels while on the upside hurdle is seen at 44000 then 44144 marks.

· Actionable BUY – Lemon Tree Hotel, Manyavar, Hudco, Ramco Cement

· Brokers Radar – SBI – CLSA TGT at 725, Morgan Stanley TGT at 715, JP Morgan TGT at 730, Goldam Sachs TGT at 746, CITI TGT at 710, Macquarie TGT at 695. ITC – Morgan Stanley TGT at 474 from 415, JP Morgan TGT at 425, Jefferies TGT at 520, Nomura TGT at 485 and Goldman Sachs TGT at 470

· Events – Nexus Trust listing today and subscribed over 5 times, Manyavar or Vedant Fashion OFS for retail segment at Rs1161, G-7 meeting at Japan

· Results – Abbott India, Alkem Labs, CG Consumers, Dalmia Sugar, Glenmark Pharma Godrej Industries, JSW Steel, Kirloskar Oil, Minda Corp, Motherson SWI, NTPC, Power Grid, Route Mobile, Taj GVK and Zomato.

· Corporate Action - Home First Finance Rs2.60, Shree Ram Proteins – stock split from Rs10 Re1, Tata Consumers Rs8.45

· Global Data – Consumers Confidence (UK), PPI (Germany).

· Market Summary – United Spirits announced impressive quarterly results, USDINR surges to 2-month high at above 82, Everstone in talks to sell 41% stake in India's Burger King franchisee, GAIL, Indigo announced lower than expected Q4 results, ITC and SBI reported in line with expected Q4 results, Ramco Cement announced strong Q4 results, Zydus Life reported impressive Q4 results, Reliance Retail partnership with China retail giant Shein, Manyavar's Non-retail OFS fully subscribed nearly 2.2 times more bids

· USDINR - The rupee surged by 25 paise to close at 82.62 against the US currency on Thursday, weighed down by a strong greenback in the overseas market and a negative trend in domestic equities – Rising USDINR is a concern in the market

· Reliance Industries - Reliance Retail is set to bring back Chinese fashion giant Shein to India through a strategic partnership, more than two years after the latter’s app was banned by the Indian government – positive

· Nazara Technologies: Nazara Technologies' subsidiary NODWIN Gaming on Thursday announced that it has signed a definitive to raise $28 million crore from new and existing investors - Positive.

· Wipro – Company in 5-year business partnership with Servicenow – positive

· REC: REC is set to significantly expand its loan book under the renewable energy (RE) portfolio, aiming for Rs2.4 lakh crore by the financial year 2030.

· Manyavar's Non-retail OFS update - The offer for sale (OFS) launched by Vedant Fashions,

· that operates ethnic wear brand Manyavar, garnered nearly 2.2 times more bids than the shares on offer. The floor price for the OFS has been set at Rs 1,161 – Today for Retail segment

· Rail Vikas Nigam (RVNL) – Company – NHAI JV to build multi model logistic parks – positive

· Restaurant Brands Asia – Restaurant Brands Asia (RBA) - Media reports that a consortium of private-equity firms, including Advent and General Atlantic, and Jubilant Foodworks are among entities in talks to buy Everstone’s entire 41% stake in Restaurant Brands Asia. – Stock gained 14% yesterday.

· NDTV To Launch Nine News Channels In Different Indian Languages - Company has approved a proposal to seek permission of Ministry of Information and Broadcasting for launch of nine news channels in different Indian languages in phases. – Positive

· Tata Elxsi: Tata Elxsi Ltd on Thursday reported a 26% year-on-year rise in its net profit for the fiscal's fourth quarter ended March (Q4FY23) to ₹201.5 crore. The Tata Group company had reported a profit of ₹160.01 crore in the year-ago period. The company's revenue from operations for Q4FY23 rose 23% on year to ₹838 crore from ₹681.7 crore

· BPCL – Company has entered into a strategic Memorandum of Understanding (MOU) with Aspen Technology Inc., USA. This partnership aims to integrate Aspen Tech's process simulation solution with BPCL's BPMARRK® software, enabling the generation of complete assay data within a fraction of the time it would traditionally take using laboratory methods. – Positive

· K&R Rail Engineering – Company has received a work order, from M/s. JK Cement Limited for the Design and Survey work of Railway Siding Project at Muddapur in Bagalkot District of Karnataka State valued at more than Rs.300 Crores.- positive

· Bharti Airtel – Company announced that it has surpassed the 2 million unique 5G user mark on its network in Tamil Nadu. – positive

· Nippon Life – Company announced the appointment of Mr. Ashish Chugani as the Head of Alternative Assets for its AIF business. - positive

· GAIL – Company expects to get four liquefied natural gas cargoes each in May and June from Germany’s SEFE Marketing and Trading. The Singapore unit of SEFE Marketing, formerly known as Gazprom Marketing & Trading Ltd., had stopped supplies under a long term contract to GAIL since mid-2022. Company is planning capital expenditure of Rs10000cr ($1.2 billion) in FY24 and expects 6-7% growth in India gas demand in the financial year ending March 2024 – long term positive

· Vedanta: The company’s board will meet on May 22 to consider the first interim dividend for fiscal 2023–24. The record date for the dividend, if approved, will be May 30. – positive on hope of higher dividend

· BHEL : The company has given Jai Prakash Srivastava additional charge of the post of director (finance) for one year, effective April 18, 2023, to April 17, 2024. It also appointed Krishna Kumar Thakur as director (human resources) for a period of five years from the date of assumption of charge.

· Dividend – Sikha Interplant Rs4, JK Tyre Rs2, Thermax Rs10, BDH Rs4, Honeywell Automation Rs95, Endurance Tech Rs7, SBI Rs11.30. ITC Rs6.75 and special dividend Rs2.75

· Zydus Life better than expected Ebitda and Ebitda margin. Company reported Q4 net profit Rs297cr (down 255 YoY) – expectation Rs731cr, US sales Rs2250cr (up 58% YoY), India sales Rs1290cr (up 46% YoY), Ebitda Rs1256cr (up 46% YoY) – expectation Rs1081.3cr and Ebitda margin at 25.1% vs 22.3% - Expectation 22.6%, Gujarat Narmada Rs30

· Restaurant Brands Asia announced impressive Q4 results. Company reported Q4 FY23 - Revenue rose 28.55% (YoY) to Rs 513.95 crore, Ebitda up 35.41% (YoY) at Rs 27.38 crore, Ebitda margin at 5.33% vs 5.06% and Net loss narrows to Rs 79.96 crore vs net loss of Rs 81.54 crore

· Honeywell Automation India announced above Bloomberg estimates Q4 results - Revenue up 27.2% (YoY) at Rs 849.68 crore (Bloomberg estimate: Rs 910.04 crore), Ebitda up 58.99% (YoY) at Rs 138.8 crore (Bloomberg estimate: Rs 132.14 crore) Ebitda margin at 16.34% vs 13.07% YoY (Bloomberg estimate: 14.5%) and Net profit up 54.16% (YoY) at Rs 112.03 crore (Bloomberg estimate: Rs 104.68 crore)

· Jindal Stainless announced above Bloomberg estimates Q4 results Q4 FY23 - Revenue up 0.4% (YoY) at Rs 9,765.08 crore (Bloomberg estimate: Rs 10,508.67 crore), Ebitda down 19% (YoY) at Rs 1,143.93 crore (Bloomberg estimate: Rs 904.20 crore) Ebitda margin at 11.71% vs 14.52% YoY (Bloomberg estimate: 8.6%) Net profit down 19.96% at Rs 716.29 crore (Bloomberg estimate: Rs 603.07 crore)

· SBI announced impressive Q4 results and reported lowest GNPA in the last 10 years. Company reported Q4 net profit Rs 16694cr (up 83.2% YoY) - Expectation Rs15170cr, provision Rs3320cr (down 42% QoQ) – expectation Rs6160, Loan growth 17% while expectation 16%, operating profit Rs24620cr (up 25% YoY) – expectation Rs26920cr, Loan loss provision Rs1280cr (down 12% QoQ), GNPA 2.78% vs 3.14% (QoQ) – expectation 2.9%, NPA at 0.67% vs 0.77% (QoQ) - expectation 0.7% and NII Rs40392.5cr (up 29.5% YoY) – expectation Rs40250

· GAIL announced lower than expected Q4 results. Company reported Q4 Net profit Rs603.7cr (down 77% YoY) – expectation Rs937.6cr, Ebitda Rs307cr (up 17.6% YoY) – Expectation Rs1513.6cr, Company recoveres loan loss Rs4200cr vs Rs1643cr (QoQ) and fresh slippage Rs3190cr (up 3% QoQ), Ebitda margin 0.9% vs 0.7% (QoQ) – expectation 3.7% and Income Rs32843cr (down 7.1% YoY) – expectation Rs41468cr

· Arvind Q4 announced poor Q4 results. Company reported Q4 net profit Rs 197cr (up 12.4% YoY), Ebitda Rs191 ( down 19.9% YoY), Ebitda margin 10.1% vs 10.8% (YoY) and Income Rs1880.8cr (down 14.4% YoY)

· ITC announced impressive Q4 results and above expectation cigarette volume growth. Company reported Q4 Net profit Rs5087cr (up 21.4% YoY) – expectation Rs4730cr, Cigarette volume growth 14.2% vs 15% - expectation 13%, Ebitda Rs6209.3cr (up 18.9% YoY) – Expectation Rs6210cr, Ebitda margin 37.9% vs 33.6% (YoY) – expectation 38.7% and Income Rs16398cr (up 5.6% YoY) – expectation Rs16050cr

· Gujarat Narmada announced poor Q4 results. Company reported Q4 Net profit Rs336cr (down 48% YoY)Ebitda Rs367cr (down 58% YoY), and Income Rs2270cr (down 18% YoY)

· Orient Paper announced strong Q4 results. Company reported Q4 Net Profit Rs50cr vs loss Rs2.2cr, Ebitda Rs68.4 vs 4.5cr and Income Rs258.5cr (up 35%)

· Ramco Cement strong Q4 results of all fronts due to higher realization. Company reported Q4 net profit Rs152cr (22.6% YoY) – expectation Rs70cr, Ebitda Rs412 (up 39.5% YoY)– expectation Rs290cr, Ebitda margin 16% vs vs 17.4% - expectation 13% and Income Rs2568cr (up 50.2% YoY)– expectation Rs2260cr

· Indigo announced lower than expected Ebitda and Ebitda margin. Company reported Q4 Net profit Rs916cr vs loss Rs1680cr (YoY) – expectation Rs2180cr, Ebitda margin at 20.9% vs 2.1% (YoY) – expectation 27.9%, Ebitda Rs2970cr vs Rs172cr (YoY) – expectation Rs4240cr, Total passenger 2.34cr (up 60% YoY), Capacity 49.2%, load factor 84.2% vs 76.7% (YoY) – expectation 80.1%, Debt Rs44850cr, cash Rs23420cr and Income Rs14160cr (up 77% YoY) – Expectation Rs15190cr

· PNB Housing announced inline with expected Q4 results. Company reported Q4 Net profit Rs283cr (up 66% YoY) – expectation Rs290cr, GNPA 3.83%, impairments Rs145cr (down 43% QoQ) and Income Rs1630cr (up 15% YoY) – Expectation Rs1685cr

· Gland Pharma announced lower than expected Q4 results. Company reported Income Q4 at Rs790cr (down 29% YoY) – Expectation Rs900cr, Ebitda margin at 21.5% vs 31.6% (YoY)- expectation 30%, Ebitda Rs170cr (down 52% YoY) – Expectation Rs270cr and net profit Rs120cr (down 59% YoY) – Expectation Rs220cr.

· Container Corporation announced lower than expected Q4 results. Company reported Income Q4 at Rs2166cr (up 6% YoY) – Expectation Rs2195cr, Ebitda margin at 20.5% vs 20.2% (YoY)- expectation 23.3%, Ebitda Rs444.7cr (up 7.7% YoY) – Expectation Rs509cr and net profit Rs278.5cr (up 8.4% YoY) – Expectation Rs347.5cr.

· United Spirits Company announced impressive Q4 results. Company reported Income Q4 at Rs2494cr (down 0.3% YoY) – Expectation Rs2184cr, Ebitda margin at 13.7% vs 217.1% (YoY)- expectation 12.8%, Ebitda Rs338cr (down 21.1% YoY) – Expectation Rs279cr and net profit Rs212cr (down 24% YoY) – Expectation Rs156cr.

Securities in Ban For Trade Date 19 - MAY

Securities in Ban For Trade Date 19 - MAY -2023 - 1. ABFRL, 2.BALRAMCHIN, 3. DELTACORP, 4. GNFC, 5. L&TFIN, 6.LICHSGFIN, 7.MANAPPURAM, 8.PNB (Source - nseindia.com)

SBIN

(Consolidated)

DIVIDEND - 11.30

Q4FY23 – Performance

Result is in line with the expectation.

Good set👍

Dividend👌

YoY Rev at 980B Vs 746B ⬆️31%

QoQ Rev at 980B Vs 915B ⬆️7%

Year ended Rev: 3508B Vs 2899B ⬆️21%

YoY PAT at 183B vs 99.9 ⬆️83%

QoQ PAT at 183B Vs 156B ⬆️17%

Year ended PAT: 565B Vs. 363B ⬆️55%

Q4EPS at 20.27Rs vs 10.79Rs Vs.17.34Rs

Year ended EPS: 62.35 Vs. 39.64

(STANDALONE)

Gross NPA (%) : 2.78 vs. 3.97 vs. 3.14

Net NPA (%) : 0.67 vs. 0.74 vs. 1.08

STOCKS IN ATION 19 MAY

Pfizer: The company initiated voluntary recall of all batches of Magnex, Magnex Forte, Zosyn and Magnamycin after an out-of-specification was observed at the manufacturing facility of its contract manufacturer for the recalled products, Astral SteriTech. The recall will have an impact on the company’s revenue and profitability.

Nazara Technologies: Nodwin Gaming, a subsidiary of the company, signed definitive and binding agreements to raise $28 million (Rs 232 crore) from existing investors—Nazara, Krafton and JetSynthesys—and new ones.

Vedant Fashions: Promoter Ravi Modi Family Trust will exercise the oversubscription option in the ongoing offer for sale after the non-retail investors placed bids for 223.80% of the portion reserved for them on the first day. The promoter will offload 2.88% additional stake under the greenshoe option.

Nazara Technologies: Approved Proposal Of Unit Nodwin Gaming For Raising Funds Worth 1.97b Rupees

Rail Vikas Nigam: The company has formed a joint venture, Indore MMLP Pvt., with National Highways Logistics Management and Madhya Pradesh Industrial Development Corporation to build multi modal logistics parks under the Bharatmala Project. RVNL is receiving Rs 77.62 crore for rail connectivity, NHLML is receiving Rs 186.97 crore towards MMLP land, road connectivity and other works, and MPIDC is r

Wipro: The company entered a five-year business partnership with ServiceNow to invest in and introduce new offerings to market to drive business transformation for clients.

South Indian Bank: The bank hiked marginal cost of funds based lending rates across tenures in the range of 5-10 basis points, effective May 20.

Rattanindia Enterprises: The company appointed Vinu Balwant Saini has chief financial officer, effective May 20.

Thursday, May 18, 2023

Sbin Q4 results

Q4 GNPA 2.78% VS 3.14% (QOQ) || Q4 NNPA 0.67% VS 0.77% (QOQ)

SL NET PROFIT RUPEES 167B VS 91B (YOY); EST 150.53B | 142B (QOQ)

STOCKS IN ACTION 18 MAY

State Bank of India/HDFC Bank: The Reserve Bank of India allowed to acquire up to 9.99% of the paid-up share capital or voting rights of HDFC Bank. SBI Funds Management has been advised by RBI to acquire the shareholding by Nov. 15, 2023.

Vedanta: The company’s board will meet on May 22 to consider the first interim dividend for the fiscal 2023-24. The record date for the dividend, if approved, will be May 30.

JSW Steel: The company has been selected as the preferred bidder for composite licence of unexplored Surjagad 4 iron ore block in Gadchiroli, Maharashtra. The highest final offer price by the company is 131.05% of average monthly prices of iron ore of different grades and quality.

Surya Roshni: The company has received an order from Indraprastha Gas for supply 3LPE coated carbon steel pipes. It has also received orders from Indian Oil Corporation and Maharashtra Natural Gas in May for supply of API pipes and GI pipes. The total value of these orders is Rs 62.23 crore.

Vedant Fashions: Promoter Ravi Modi Family Trust will sell up to 9.88% stake in the company through an offer for sale on May 18 and 19. The floor price for the offer is Rs 1,161 per share.

NHPC: The company received letter of intent from Gujarat Urja Vikas Nigam for 200 MW capacity Solar Power Project within 600 MW Gujarat State Electricity Corporation’s solar park at Khavda. The estimated financial implication for project will be Rs 1,007.60 crore.

ICICI Prudential Life Insurance Company: The life insurer appointed Dhiren Salian as chief financial officer with effect from May 18 due to early retirement of Satyan Jambunathan from the post.

Bharat Heavy Electricals: The company given Jai Prakash Srivastava additional charge of the post of director (finance) for one year, effective April 18, 2023 to April 17, 2024. It also appointed Krishna Kumar Thakur as director (human resources) for a period of five years from the date of assumption of charge.

Godrej Agrovet: The company has collaborated with State Bank of India to launch a finance offering for oil palm farmers.

Lemon Tree Hotels signs licence agreement for an 82-room property in Gomti Nagar, Lucknow under the brand name, Lemon Tree Premier

Property to be operational by August, 2026

Indiabulls Real Estate: Says To Challenge NCLT Order Withholding Merger Of Co With Nam Estates, Embassy One Commercial Property Developments |To File An Appeal Before National Company Law Appellate Tribunal On Nclt Order Withholding Merger

Wednesday, May 17, 2023

Market Indication

Market Indication:

Global: FLAT to NEGATIVE

NIFTY: FLAT to NEGATIVE

BANKNIFTY: FLAT to NEGATIVE

BULK Deals: Neuland Laboratories, Saksoft etc.

Stocks In F&O Ban Period: Delta Corp, GNFC, Punjab National Bank, Balrampur Chini Mills and Manappuram Finance

Results Today: Jubilant FoodWorks, REC, Deepak Fertilisers & Petrochemicals Corporation, Devyani International, Endurance Technologies, Eris Lifesciences, Glaxosmithkline Pharmaceuticals, Honeywell Automation India, Jindal Saw, JK Tyre & Industries, Jindal Stainless, MTAR Technologies, Quess Corp, RailTel Corporation of India, Sterlite Technologies, Thermax, Vaibhav Global, and Whirlpool of India

SGX NIFTY: (Negative)

18286 -43.00 -0.23%

Today's Market

US Market

Nasdaq = -22.16

Dow Jones = -336.46

European

Ftse 100 = -26.62

Cac 40 = -12.20

Dax = -19.31

Asian

Nikkei 225 = +190.89

Straits Times = -20.66

Hang Seng = -119.84

Taiwan weighted = +102.35

Kospi = +9.84

SGX Nifty = 18284(-45.5)

On 16th May

Fii buys 1406.86 crore stocks

Dii sells 886.17 crore stocks

Good News :

1. Bharti Airtel profit rise 89.3%

2. LicHsgFin profit rise 5.5%

3. Oberoi Reality profit rise 106.9%

4. Jk paper profit rise 65%

5. Creditaccess Grameen profit rise 86.3%

6. Amber Ent profit rise 81.8%

7. Sterlite Tech going to raise funds

Bad News:

1. Jspl profit decline 79%

2. Metropolis profit decline 8%

3. Redington profit decline 11%

4. Hdfc MF reduce stake in Tamil Nadu Newsprint

Other News:

1. Copper price fall to 6 months low in expectation of low demand

2. Result today: Jubilant food, REC, Whirlpool, Jktyre, Railtel, Aries Lifescience, Deepak Fertilizer, GIC Housing

3. Govt can give subsidy on Fertilizer today

4. Buy back of Symphony end today

5. Anchor lock in period over for Kaynes Technology

6. BPCL going to start new project worth Rs49000 crore

Pharma, Chemical, Auto ancillary and Finance stocks will go upside today

Tuesday, May 16, 2023

LIC HOUSING FINANCE Q4 Result

NET PROFIT 11.8B RUPEES VS 11.19B (YOY); 4.80B (QOQ)

INTEREST INCOME 63.78B RUPEES VS 51.89B (YOY); 58.39B (QOQ)

GNPA 4.41% VS 4.76% (QOQ)

NNPA 2.50% VS 2.40% (QOQ)

*CO RECOMMENDED DIVIDEND OF 8.50 RUPEES PER SHARE*

Government debt to GDP

Government debt to GDP:

🇯🇵Japan: 264%

🇬🇷Greece: 171%

🇪🇷Eritrea: 164%

🇮🇹Italy: 145%

🇺🇸US: 129%

🇧🇭Bahrain: 120%

🇱🇰Sri Lanka: 114%

🇪🇸Spain: 113%

🇫🇷France: 112%

🇬🇧UK: 101%

🇯🇲Jamaica: 86.2%

🇦🇷Argentina: 85%

🇺🇦Ukraine: 78.4%

🇨🇳China: 76.9%

🇫🇮Finland: 73%

🇧🇷Brazil: 72.87%

🇿🇦South Africa: 67.4%

🇰🇪Kenya: 67.3%

🇩🇪Germany: 66.3%

🇹🇭Thailand: 60.96%

🇵🇭Philippines: 60.9%

🇮🇱Israel: 60.9%

🇲🇾Malaysia: 60.4%

🇳🇱Netherlands: 51%

🇰🇷South Korea: 49.6%

🇶🇦Qatar: 46.9%

🇳🇵Nepal: 41.4%

🇮🇩Indonesia: 40.9%

🇳🇬Nigeria: 38%

🇳🇴Norway: 37.4%

🇮🇶Iraq: 36.7%

🇳🇿New Zealand: 35.9%

🇮🇷Iran: 34%

🇸🇪Sweden: 33%

🇹🇷Turkey: 31.7%

🇦🇺Australia: 22.3%

🇪🇪Estonia: 18.4%

🇰🇼Kuwait: 7.1%

BHARTI AIRTEL Q4 Result

NET PROFIT 30.06B RUPEES VS 15.88B (QOQ); 20.08B (YOY)

REVENUE 360B RUPEES VS 358B (QOQ); 315B (YOY)

EBITDA 188B RUPEES VS 186B (QOQ)

EBITDA MARGIN 52.2% VS 51.95% (QOQ)

*CO RECOMMENDED A FINAL DIVIDEND OF 4 RUPEES PER SHARE*