Wednesday, 19 May 2021

20th May, 2021 Morning Brief

Market will open on a flat note today judging the turmoil in cryptos and Fed minutes after a volatile session US markets witnessed last night. 

Asian stocks were steady early Thursday as investors weighed Federal Reserve minutes that flagged the possibility of a debate on scaling back asset purchases. Treasury yields and the dollar held an advance.

The cryptocurrency market is reeling under pressure on May 19 amid uncertainties over inflation and China's crackdown on crypto trading. The widespread sell-off in the crypto market wiped out over $265 billion dollars in market capitalisation. At the time of writing this article, the value of the whole cryptocurrency market stood at around $1.86 trillion, down 12.47 percent from the previous day.

Japan's exports grew the most since 2010 in April, supported by a favourable comparison with the sharp plunge seen during the pandemic last year, while capital spending also rose, firming up expectations of a trade-led recovery.

Results Today : 
Bosch, Havells India, Zee Entertainment Enterprises, HPCL

Govt subsidy offering could be a booster for Agro related sector like Fertilisers, Seeds, Pesticide, Agro Chemicals, Tractors, Crop Science, etc. 
👍🌾

🎯 Indian Oil Corporation 
The company reported a profit of Rs 8,781.3 crore in Q4FY21 against Rs 4,916.59 crore in Q3FY21, revenue increased to Rs 1,63,605.67 crore from Rs 1,46,598.83 crore YoY.

🎯 Indiabulls Housing Finance Q4FY21 (QoQ)*
NII down 4% at Rs 777.58 crore Vs Rs 807.21 crore 
Net profit down 16% at Rs 276.23 crore Vs Rs 329.32 crore 
GNPA at 2.66% Vs 2.44%
NNPA at 1.59% Vs 1.46% 
Declared an interim dividend of Rs 9 per share. 
The record date for the same is May 31. 

🎯 Tanla Platforms Q4FY21 (Consolidated, QoQ)*
Revenue down 1% at Rs 648.55 crore Vs Rs 654.11 crore 
Net profit up 10% at Rs 102.53 crore Vs Rs 93.51 crore 
Ebitda up 6% at Rs 134.03 crore Vs Rs 126.88 crore
Ebitda margin at 20.7% Vs 19.4% 
Recommended final dividend of Re 1 per share  

🎯 Clariant Chemicals (India): The company reported a profit of Rs 10.97 crore in Q4FY21 against Rs 0.45 crore in Q4FY20, revenue rose to Rs 218.84 crore from Rs 169.48 crore YoY.
Positive. 👍

🎯 JK Tyre & Industries : The company reported a consolidated profit of Rs 189.12 crore in Q4FY21 against a loss of Rs 47.2 crore in Q4FY20, revenue jumped to Rs 2,927.28 crore from Rs 1,792.56 crore YoY.

🎯 Endurance Technologies : The company reported a consolidated profit of Rs 187.4 crore in Q4FY21 against Rs 106.8 crore in Q4FY20, revenue rose to Rs 2,132.9 crore from Rs 1,596.75 crore YoY. 

🎯 Rajesh Exports : Life Insurance Corporation of India acquired over 59.77 lakh equity shares (2.025%) of the company, increasing shareholding to 9.07% from 7.045% earlier.
Positive 👍

🎯 Sintex Industries 
The company's plant situated at Lunsapur in Gujarat has been damaged due to Cyclone Tauktae. The quantum of loss and estimated impact on the production due to the cyclone is being determined, the company said.
Negative. 

🎯 Shree Pushkar Chemicals & Fertilisers : The company's plant situated at Ratnagiri in Maharashtra has been damaged due to Cyclone Tauktae, resulting in a temporary suspension of production at Unit I to V.

🎯 lndo Rama Synthetics (India) : Approved capex plan up to Rs 600 crore in the company and its wholly-owned subsidiary at Butibori in Nagpur towards the addition of balancing equipment, manufacturing of specialty yarns and to install a 700 TPD PET Resin manufacturing facility. 
Positive. 👍

🎯 Tata Steel : Fitch upgrades rating to BB with a stable outlook.
Positive. 👍

🎯 Chambal Fertilisers & Chemicals : Promoter Zuari Global revoked pledge of 5.55 lakh shares between May 14-18. 
Positive. 👍

🎯 Jindal Steel & Power 
Promoter Opelina Sustainable Services revoked pledge of 31 lakh shares between May 11-12. 
Positive. 👍

🎯 Gateway Distriparks :* Promoter Prism International revoked pledge of 39 lakh shares on May 18.
Positive. 👍

🎯 Coforge : Hulst BV sold 31 lakh shares (5.12%) at Rs 3,250.58 per share. 

🎯 Best Agrolife : Elara India Opportunities Fund sold 1.78 lakh shares (0.81%) at Rs 205.99 per share.

🎯 Godrej Agrovet : Promoter Godrej Industries bought 33,341 shares on May 14. 
Positive. 👍

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