28th May, 2021 Morning Brief

Yesterday Nifty closed on all time high though 15431.75 an all time high of broader Nifty50 index could be topped today in the opening on global cheers.

Asian stocks and U.S. equity futures rose early Friday after solid U.S. economic data and President Joe Biden’s federal spending plans spurred a rally on Wall Street in cyclical shares.

Jobless claims in US Macro data and revised GDP shows recovery in GE, aviation outperformed in US than the techies. Weakness in Cryptocurrency mitigating can be seen Firmness in Gold. 

🎯 News & Impact 🎯

PayTM IPO : Sources says PAYTM may come up with $ 300 cr IPO , INDIA s biggest IPO ever. 

🎯 SUN PHARMA Q4 : 

Net Profit Up 123 % to Rs 894 cr (YOY

Revenue Up 4 % to Rs 8523 cr. 

🎯 Dixon Technologies - Q4FY21 - Strong*

Revenue up 146.2% YoY

EBITDA up 44.7% YoY

Net Profit up 60.5% YoY

Borrowings increase

Cash Flows affected

Margins decrease. 

🎯 Kopran Q4 : Net profit up  212 % to Rs15 cr ( YOY)

Revenue up 60 % to Rs 140 Cr. 

Positive. 👍

🎯 ALKYL AMINES Q4 : Net Profit up 88 % to Rs 93 cr (YOY). 

Revenue up 63 % to Rs 383 cr

EBITDA up 97 % to Rs 135 cr 

MARGINS at 35 % V 38 %. 

Positive. 👍

🎯 Borosil Q4 : Net profit of Rs 19 cr against Rs 10 cr loss last year's

revenue Up 30 % to Rs 184 cr

EBITDA at Rs 32.7 Cr against Rs 2.35 cr loss. 

Positive. 👍

🎯 BPCL : Privitasiaton is said to be delayed by 6 months says sources (negative). 

🎯 Apollo Tyres : Promoter PTL Enterprises bought 3.71 lakh shares between May 24-25. 

Positive. 👍

Ultramarine & Pigments : Promoters (Sridhar Sundararajan, Jayalakshmi Venkataraman and S Narayan) sold 14,000 shares on May 26.

Positive. 👍

🎯 Kabra Extrusiontechnik : Promoters (Kolsite Industries and Shreevallabh Kabra) bought 71,000 shares between May 24-25. 

Positive. 👍

🎯 Vardhman Special Steels : 

Promoter Sachit Jain bought 3,000 shares between May 25-27.

Positive. 👍