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Key News Coffee Day, Titan & Vedanta Ltd by SPA Securities Key News Coffee Day stares at bankruptcy as asset sale fails to make headway The lenders to Coffee Day Enterprises Ltd (CDEL), which owns and operates a café chain, are considering sending the company to the National Company Law Tribunal (NCLT) for debt resolution after the firm announced that it had defaulted on its loans in the March 2021 quarter. Attributing the delay in debt servicing to a liquidity crisis, the company said its total indebtedness was Rs 518 crore.   ...
Key News Coffee Day, Titan & Vedanta Ltd by SPA Securities
Key News Coffee Day, Titan & Vedanta Ltd by SPA Securities
Source: SPA Securities Ltd
8/04/2021 9:40:00 AM
Key News Adani Group, Airtel & Max Life Insurance Ltd by SPA Securities Key News Adani Group becomes 3rd Indian conglomerate to cross $100 billion in mcap Billionaire Gautam Adani's ports-to-energy conglomerate has become India's third group to cross USD 100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high on Tuesday. The total market cap of Adani Group's six listed companies at the close of trading on Tuesday was Rs 7.84 lakh crore or USD 106.8 billion, according to stock exchange data...
Key News Adani Group, Airtel & Max Life Insurance Ltd by SPA Securities
Key News Adani Group, Airtel & Max Life Insurance Ltd by SPA Securities
Source: SPA Securities Ltd
7/04/2021 10:38:01 AM
Key News HDFC, Indian refiners & Tata Motors Ltd by SPA Securities Key News HDFC to acquire 10% stake in Kerala-based asset management firm Mortgage lender HDFC Ltd on Monday said it will acquire 9.90 per cent stake in Kerala-based infrastructure fund management company KIFML. "...the Corporation has today invested in 3,88,303 equity shares of Rs 10 each of Kerala Infrastructure Fund Management Limited representing 9.90 per cent of its share capital issued on a private placement basis," HDFC said in a regulatory filing. The cost of acquisitio...
Key News HDFC, Indian refiners & Tata Motors Ltd by SPA Securities
Key News HDFC, Indian refiners & Tata Motors Ltd by SPA Securities
Source: SPA Securities Ltd
6/04/2021 10:11:23 AM
Key News RIL-BP, Adani Enterprises & PSU Banks Ltd by SPA Securities Key News  RIL-BP seek buyers for 5.5 mn standard cubic meters per day gas from KG-D6 Reliance Industries Ltd and its partner BP Plc of UK have sought bids for sale of 5.5 million standard cubic meters per day of additional natural gas that will be available for sale from their eastern offshore KG-D6 block. The e-auction is slated for April 23 and the gas supply will start from late April or early May, according to the tender document. Bidders will have to quote a price linked to Pl...
Key News RIL-BP, Adani Enterprises & PSU Banks Ltd by SPA Securities
Key News RIL-BP, Adani Enterprises & PSU Banks Ltd by SPA Securities
Source: SPA Securities Ltd
5/04/2021 9:18:55 AM
Key News Wipro, Larsen & Toubro & Bharat Heavy Electricals Ltd by SPA Securities Key News  Wipro names former Walmart and PayPal exec Subha Tatavarti as CTO IT services firm Wipro has appointed Subha Tatavarti as the chief technology officer. Prior to joining Wipro she was leading the product, technology development and commercialisation of enterprise infrastructure along with security, data science and edge platform at Walmart. Prior to Walmart, Subha headed the Product, Data & Infrastructure Platform at PayPal. Her focus there was to drive transformation ...
Key News Wipro, Larsen & Toubro & Bharat Heavy Electricals Ltd by SPA Securities
Key News Wipro, Larsen & Toubro & Bharat Heavy Electricals Ltd by SPA Securities
Source: SPA Securities Ltd
31/03/2021 1:54:50 PM
Key News Jubilant Foodworks, Shriram Transport & Zydus Cadila Ltd by SPA Securities Key News  Jubilant Foodworks doubles its QSR target market with Popeyes tie-up Jubilant Foodworks' latest tie-up to launch the Popeyes Restaurants in India will expand its food portfolio and increase the addressable market in the fast growing western quick service restaurant or QSR market. Popeyes Restaurants is the world’s third largest QSR chicken brand. The QSR chicken market size run by larger chains is estimated at around Rs 3,000 crore, in which KFC dominates contr...
Key News Jubilant Foodworks, Shriram Transport & Zydus Cadila Ltd by SPA Securities
Key News Jubilant Foodworks, Shriram Transport & Zydus Cadila Ltd by SPA Securities
Source: SPA Securities Ltd
26/03/2021 9:24:01 AM
Buy Aditya Birla Fashion & Retail Ltd For Target Rs.244 - SPA Securities ABFRL is part of a leading Indian conglomerate, The Aditya Birla Group. It is India's first billion-dollar plus pure-play fashion powerhouse with an elegant bouquet of leading fashion brands and retail formats. The Company has a network of 3041EBOs (Lifestyle- 2699 & Pantaloons- 342),25000MBOs&6514LFS across India under Lifestyle brand, its branded apparels SBU that houses market leading brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England established for over ...
Buy Aditya Birla Fashion & Retail Ltd For Target Rs.244 - SPA Securities
Buy Aditya Birla Fashion & Retail Ltd For Target Rs.244 - SPA Securities
Source: SPA Securities Ltd
23/03/2021 10:18:34 AM
Key News Maruti Suzuki, RailTel Corporation of India & BHEL Ltd by SPA Securities Key News Maruti to hike prices from April 1, other firms may follow as costs rise Maruti Suzuki India, the country's largest carmaker, said on Monday it will increase prices from April as it seeks to meet high input costs. The company did not specify the price hike but it will be second round within three months. Other companies are likely to hike prices by 1-3 per cent now to offset input cost pressures, especially in steel. The hikes, however, will be undertaken carefully, so that...
Key News Maruti Suzuki, RailTel Corporation of India & BHEL Ltd by SPA Securities
Key News Maruti Suzuki, RailTel Corporation of India & BHEL Ltd by SPA Securities
Source: SPA Securities Ltd
23/03/2021 9:46:58 AM
Key News Power Grid Corporation, Tata Motors & Airtel Ltd by SPA Securities Key News PGCIL to acquire 74% stake of JPVL in Jaypee POWERGRID for Rs 351 cr State-run Power Grid Corporation (PGCIL) said it has signed a share purchase agreement with Jaiprakash Power Ventures to acquire 74 per cent stake in Jaypee POWERGRID Ltd (JPL) for Rs 351.64 crore. On completion of the transaction, JPL will become a wholly-owned subsidiary of PGCIL, a regulatory filing said. PGCIL will purchase 74 per cent stake of Jaiprakash Power Ventures in JPL at an aggregate consideration...
Key News Power Grid Corporation, Tata Motors & Airtel Ltd by SPA Securities
Key News Power Grid Corporation, Tata Motors & Airtel Ltd by SPA Securities
Source: SPA Securities Ltd
22/03/2021 9:42:18 AM
Key News Hero Motors Company, Petroleum Corporation & Kesoram Industries Ltd by SPA Securities Key News  India's Hero Cycles to set up new global hub in London to expand footprint India's Hero Motors Company (HMC) Group on Tuesday announced plans to set up a new international headquarters, Hero International (HIT), in London as part of a push towards expanding Hero Cycles' overseas business and strengthening its global presence. The company said HIT is aimed at bringing HMC's European businesses under one umbrella and giving its electric bike business a major...
Key News Hero Motors Company, Petroleum Corporation & Kesoram Industries Ltd by SPA Securities
Key News Hero Motors Company, Petroleum Corporation & Kesoram Industries Ltd by SPA Securities
Source: SPA Securities Ltd
17/03/2021 10:45:59 AM
Key News India Grid, Tata Communications & Bank of Baroda Ltd by SPA Securities Key News India Grid to raise Rs 2,500 cr via NCD to recast debt, acquisitions KKR-backed India Grid Trust (IndiGrid) is raising a term loan of Rs 1,500 crore, and debts of Rs 1,000 crore through non-convertible debentures (NCD) to refinance old loans and acquire power transmission assets. IndiGrid’s debt on February 28, 2021, was Rs 8,690 crore. One of its units — East North Interconnection Company (ENICL) — has a term loan of Rs 630 crore and another entity — Gu...
Key News India Grid, Tata Communications & Bank of Baroda Ltd by SPA Securities
Key News India Grid, Tata Communications & Bank of Baroda Ltd by SPA Securities
Source: SPA Securities Ltd
16/03/2021 9:39:09 AM
Key News BNP Paribas, SBI & Adani Transmission Ltd by SPA Securities Key News BNP Paribas Cardif offloads 5% in SBI Life via open market sale BNP Paribas Cardif, the French insurer, has sold a 5 per cent stake, or a little over 50 million shares, in private sector life insurer SBI Life for Rs 4,556.7 crore at Rs 911 a share in an open market sale. In a disclosure to exchanges, SBI Life said the foreign promoter of the company sold 4.99 per cent, equivalent to 5,00,03,480 equity shares on March 12, 2021, through the open market process. With this, the sha...
Key News BNP Paribas, SBI & Adani Transmission Ltd by SPA Securities
Key News BNP Paribas, SBI & Adani Transmission Ltd by SPA Securities
Source: SPA Securities Ltd
15/03/2021 9:29:18 AM
Key News Tata Motors, IDBI Bank & JSW Steel Ltd by SPA Securities Key News Tata Motors expects CV sales to grow 38% in FY22, beat industry: Executive Tata Motors expects to grow more than 36 per cent in Financial Year 2021- 22 (FY22) helped by its new models and the economy recovering after the coronavirus pandemic’s economic impact, said a top executive of the company. “Our target is to grow more than the industry and strengthen the leadership position,” Girish Wagh, president, commercial vehicle business unit at Tata Motors, told ...
Key News Tata Motors, IDBI Bank & JSW Steel Ltd by SPA Securities
Key News Tata Motors, IDBI Bank & JSW Steel Ltd by SPA Securities
Source: SPA Securities Ltd
12/03/2021 9:43:28 AM
Key News Indian Bank,Vedanta Ltd & Moody`s Investors Service by SPA Securities Key News Indian Bank committee nods to raise up to Rs 4,000 crore through share sale State-owned Indian Bank on Tuesday said its committee of directors has given approval for raising up to Rs 4,000 crore through share sale. Shareholders of the bank on March 2 had given approval for the capital raising. The Committee of Directors in its meeting held on March 9, 2021, has accorded approval for raising of equity capital of the bank aggregating up to Rs 4,000 crore (including premium) throu...
Key News Indian Bank,Vedanta Ltd & Moody`s Investors Service by SPA Securities
Key News Indian Bank,Vedanta Ltd & Moody`s Investors Service by SPA Securities
Source: SPA Securities Ltd
10/03/2021 9:38:13 AM
Key News Life Insurance Corporation of India, PVR & ICICI Lombard General Insurance Ltd by SPA Securities Key News Govt proposes to hike in LIC's authorised capital to Rs 25,000 cr The government has proposed to significantly increase the authorised capital of Life Insurance Corporation of India (LIC) to Rs 25,000 crore to facilitate its listing slated for the next fiscal. Currently, the paid-up capital of the life insurance company with over 29 crore policies is Rs 100 crore. Starting with an initial capital of Rs 5 crore in 1956, LIC has an asset base of Rs 31,96,214.81 crore. The aut...
Key News Life Insurance Corporation of India, PVR & ICICI Lombard General Insurance Ltd by SPA Securities
Key News Life Insurance Corporation of India, PVR & ICICI Lombard General Insurance Ltd by SPA Securities
Source: SPA Securities Ltd
8/03/2021 9:56:36 AM
Key News Jio, Airtel and Indiabulls Housing Finance by SPA Securities Key News Mindspace REIT plans to raise up to Rs 450 cr through issue of securities Mindspace Business Parks REIT on Thursday said the company plan to raise up to Rs 450 crore through the issue of debt securities. In a regulatory filing, the company informed that the decision will be taken at a meeting on March 9. "a meeting of the executive committee of the manager shall be held on Tuesday, March 9, 2021, to consider and approve raising of funds by Mindspace REIT through the issue ...
Key News Jio, Airtel and Indiabulls Housing Finance by SPA Securities
Key News Jio, Airtel and Indiabulls Housing Finance by SPA Securities
Source: SPA Securities Ltd
5/03/2021 9:49:32 AM
Key News Kalpataru Power Transmission, Berger Paints & National Company Law Tribunal Ltd by SPA Securities Kalpataru Power Transmission bags orders worth Rs 1,554 cr Kalpataru Power Transmission Ltd (KPTL) on Wednesday said it has won orders worth Rs 1,554 crore. The orders include those from India, CIS and Latin America in the power transmission business, KPTL said in a statement.Besides, KPTL's international subsidiary has secured new power transmission projects in Europe. "These new order wins help us to strengthen our power transmission order book in India and overseas market. Our...
Key News Kalpataru Power Transmission, Berger Paints & National Company Law Tribunal Ltd by SPA Securities
Key News Kalpataru Power Transmission, Berger Paints & National Company Law Tribunal Ltd by SPA Securities
Source: SPA Securities Ltd
4/03/2021 10:08:43 AM
Key News Airtel, Bajaj Auto and BPCL by SPA Securities Key News BPCL to pay shareholders from Rs 9,876 cr Numaligarh Refinery stake sale Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) may use Rs 9,876 crore proceed from stake sale in Numaligarh Refinery to pay a special dividend to shareholders, the biggest being Government of India, BPCL director (finance) N Vijayagopal said. The Board of BPCL on Monday approved the sale of the company's 61.65 per cent stake in Numaligarh Refinery Ltd (NRL) to a consortium of state-owned O...
Key News Airtel, Bajaj Auto and BPCL by SPA Securities
Key News Airtel, Bajaj Auto and BPCL by SPA Securities
Source: SPA Securities Ltd
3/03/2021 9:21:56 AM
Key News Indian Oil, ICRA & JLR by SPA Securities Key News RIL buys majority stake in skyTran; invested in future tech, says Ambani Billionaire Mukesh Ambani-led Reilance Industries' subsidiary Reliance Strategic Business Ventures Limited (RSBVL) on Sunday said that it has acquired additional equity stake in its investee company skyTran Inc. for a consideration of $26.76 million, increasing its shareholding to 54.46 per cent on a fully diluted basis. JLR to take a write off of 1.5 bn pounds in Q4 as part of a restructuring Ja...
Key News Indian Oil, ICRA & JLR by SPA Securities
Key News Indian Oil, ICRA & JLR by SPA Securities
Source: SPA Securities Ltd
1/03/2021 9:39:22 AM
Key News Bharti Airtel, Ashok Leyland and Mahindra sells by SPA Securities Key News Bharti Airtel raises $1.25 billion through various debt instruments Bharti Airtel on Thursday said it has raised funds to the tune of $1.25 billion via various debt instruments. It is learnt that a clutch of global investors, including Goldman Sachs Asset Management, Fidelity, and BlackRock, have evinced an interest in the company’s overseas bonds. The fund-raising is part of the company’s preparation for the upcoming spectrum auctions, where the exchequer hopes to ...
Key News Bharti Airtel, Ashok Leyland and Mahindra sells by SPA Securities
Key News Bharti Airtel, Ashok Leyland and Mahindra sells by SPA Securities
Source: SPA Securities Ltd
26/02/2021 9:47:02 AM
Key News Aon India's survey projects 7.7% salary hike in 2021 against 6.1% in 2020 by SPA Securities Key News Aon India's survey projects 7.7% salary hike in 2021 against 6.1% in 2020 With positive business sentiment gradually growing within India Inc after a tough Covid-19 pandemic hit 2020, salary increment is being projected to grow from actual average 6.1 per cent last year to a projected average of 7.7 per cent in 2021. Findings in the latest Salary Increase Survey in India by global professional services firm Aon plc shows that more companies plan to give increments, with 88 ...
Key News Aon India's survey projects 7.7% salary hike in 2021 against 6.1% in 2020 by SPA Securities
Key News Aon India's survey projects 7.7% salary hike in 2021 against 6.1% in 2020 by SPA Securities
Source: SPA Securities Ltd
24/02/2021 9:27:22 AM
Hold Ashok Leyland Ltd For Target Rs. 120 - SPA Securities Ashok Leyland (AL) Standalone revenue increased 19.9% YoY at INR 48.1 bn. Realizations improved ~12% YoY and was flat QoQ. Volume increased ~7% YoY/ 72% QoQ to 3.8k units. Despite favourable mix of 50% share of MHCV, EBITDA margin came in at 5.3%. EBITDAM was impacted due to impact of higher raw material cost. EBITDA for the quarter stood at INR 2.5 bn, AL had a onetime exception loss of INR 460mn due to VRS. Adjusting for that, PAT for the quarter stood at INR 267 mn (-11%YoY), due to higher...
Hold Ashok Leyland Ltd For Target Rs. 120 - SPA Securities
Hold Ashok Leyland Ltd For Target Rs. 120 - SPA Securities
Source: SPA Securities Ltd
23/02/2021 11:10:16 AM
Key News Reliance Industries Ltd, Bharat Forge and Jindal Power Ltd by SPA Securities Key News Reliance to hive off O2C business, expects approvals by September quarter Mukesh Ambani-controlled Reliance Industries Ltd (RIL) expects to get the necessary approvals to hive off its oil-to-chemicals (O2C) business into a separate unit by the second quarter of the next financial year, according to the company's presentation to investors on Monday. The company had initiated the process of spinning off the O2C business at a time when the Covid-19 pandemic caused a slump in f...
Key News Reliance Industries Ltd, Bharat Forge and Jindal Power Ltd by SPA Securities
Key News Reliance Industries Ltd, Bharat Forge and Jindal Power Ltd by SPA Securities
Source: SPA Securities Ltd
23/02/2021 9:32:21 AM
Buy Escorts Ltd For Target Rs.1577 - SPA Securities Escorts Ltd. (EL) reported net sales of INR 20.1 bn in 3Q FY21 (~23.5% increase over INR 16.3 bn YoY) and a PAT of INR 2.8 bn (up 83% YoY). Escorts Farm Equipment (EFE) segment volume increased 25.7% while Escorts Construction Equipment (ECE) segment volume a increased 20.1%. EBITDAM (excluding other income) improved by 505 bps YoY (-30 bps QoQ) on the back of improving product mix, benign commodity prices and various cost cutting measures and positive operating leverage and. RM cost as % of ...
Buy Escorts Ltd For Target Rs.1577 - SPA Securities
Buy Escorts Ltd For Target Rs.1577 - SPA Securities
Source: SPA Securities Ltd
20/02/2021 10:02:43 AM
Key News Ambuja Cements, ACC & NMDC Ltd by SPA Securities Key News Ambuja Cements Q4CY2020 result On a consolidated basis, the company has reported revenue of Rs.7453 crores during the period ended December 31, 2020 as compared to Rs.7126 crores during the period ended December 31, 2019. OPM during the same period rose 200 bps to 18%. The company has posted net profit of Rs.732 crores for the period ended December 31, 2020 as against net profit of Rs.592 crores for the period ended December 31, 2019.   ACC Q4CY2020 result On a co...
Key News Ambuja Cements, ACC & NMDC Ltd by SPA Securities
Key News Ambuja Cements, ACC & NMDC Ltd by SPA Securities
Source: SPA Securities Ltd
19/02/2021 9:40:34 AM
Hold Dixon Technologies Ltd For Target Rs. 16500 - SPA Securities Revenue rose 120% YoY to INR 21828mn led by 200% increase in LED TV revenue. Gross margins dropped 320bps to 9.6% largely due to increase contribution from LED TVs in revenue mix to 62% from 46% a year ago. Despite steep fall in gross margins, EBITDA margin fall was softer as operating leverage played out. PAT witnessed 135% rise & stood at INR 615mn. EBITDA margins of LED TV rose 40bps to 2.9% & that of LED Lights 90bps to 9.5%. In case of Washing Machine SBU, EBITDAM dropped 330bps ...
Hold Dixon Technologies Ltd For Target Rs. 16500 - SPA Securities
Hold Dixon Technologies Ltd For Target Rs. 16500 - SPA Securities
Source: SPA Securities Ltd
17/02/2021 9:37:25 AM
Key News Freight corridor capex and SIS Limited by SPA Securities Key News Indian IT industry's revenues to grow 2.3% to ₹194 billion this fiscal: Nasscom Despite a dip in global technology spending amid the coronavirus pandemic, the country's information technology sector is set to post a 2.3% rise in revenues to $194 billion in the current fiscal, Nasscom said on Monday. The industry added 1.38 lakh people to its workforce on a net basis during the year, taking the total number of employees to 44.7 lakh. Exports for the fiscal year ending...
Key News Freight corridor capex and SIS Limited by SPA Securities
Key News Freight corridor capex and SIS Limited by SPA Securities
Source: SPA Securities Ltd
16/02/2021 10:25:48 AM
Key News ITC, Ashok Leyland & UFLEX Ltd by SPA Securities ITC Q3 result The company has reported revenue of Rs.11787 crores during the period ended December 31, 2020 as compared to Rs.11806 crores during the period ended December 31, 2019. OPM during the same period fell 300 bps to 36%. The company has posted net profit of Rs.3663 crores for the period ended December 31, 2020 as against net profit of Rs.4142 crores for the period ended December 31, 2019. Revenue from cigarette segment rose 3.5 per cent to Rs 5,498 crore, while that from FMCG -...
Key News ITC, Ashok Leyland & UFLEX Ltd by SPA Securities
Key News ITC, Ashok Leyland & UFLEX Ltd by SPA Securities
Source: SPA Securities Ltd
12/02/2021 9:37:15 AM
Key News Titan, Eveready Industries & SpiceJet Ltd by SPA Securities Key News Titan Q3 net profit up 12% to Rs 530 cr as jewellery division sparkles Buoyed by growth in the jewellery division, Titan Company on Wednesday posted an 11.8 per cent increase in consolidated net profit at Rs 530 crore for the third quarter ended FY21. The company had posted a net profit of Rs 474 crore in the corresponding period a year ago. Consolidated revenue during the quarter stood at Rs 7,659 crore, up 16.9 per cent against a revenue of Rs 6,550 crore in the year-ago peri...
Key News Titan, Eveready Industries & SpiceJet Ltd by SPA Securities
Key News Titan, Eveready Industries & SpiceJet Ltd by SPA Securities
Source: SPA Securities Ltd
11/02/2021 10:03:02 AM
Key News Tata Steel, Raymond & Dhanlaxmi Bank Ltd by SPA Securities Key News Tata Steel consol Q3 PAT at Rs 3,698 cr vs Rs 1,029 cr loss a year ago Tata Steel, the country’s oldest steel producer, reported a consolidated net profit of Rs 3,698 crore in the December quarter as against a loss of Rs 1,029 crore in the corresponding period last year on the back of increased revenue, which was aided by both higher steel prices and volumes. The profit was ahead of consensus estimate of Rs 3,353 crore, according to Bloomberg, mainly led by the India oper...
Key News Tata Steel, Raymond & Dhanlaxmi Bank Ltd by SPA Securities
Key News Tata Steel, Raymond & Dhanlaxmi Bank Ltd by SPA Securities
Source: SPA Securities Ltd
10/02/2021 10:10:36 AM
Hold Amber Enterprises India Ltd For Target Rs.2,905 - SPA Securities On a consolidated basis, Revenue dropped 3% YoY to INR 7647mnwith RACs contributing 54% of the revenue & Components and Mobility business forming the rest. Gross margins & EBITDAM improved 140bps & 60bps to 18.5% & 8.2% respectively. PBT & PAT rose 63% & 12% to INR 399mn & 279mn respectively. Revenue from subsidiaries dropped 15% YoY to INR 1883mn. On a standalone basis, Revenue remained flattish at INR 5764mn. 5.43 lac units of RACs were sold during the quarter co...
Hold Amber Enterprises India Ltd For Target Rs.2,905 - SPA Securities
Hold Amber Enterprises India Ltd For Target Rs.2,905 - SPA Securities
Source: SPA Securities Ltd
10/02/2021 10:00:12 AM
Buy Fortis Healthcare Ltd For Target Rs.215 - SPA Securities Fortis Healthcare Limited delivered a strong quarterly performance with all round improvement in hospital and diagnostic business. Hospital business occupancy reached 64% during the quarter vs 57% in Q2 FY21 due to improvement in non-covid occupancy and patient returning to elective surgery. ARPOB/ALOS has improved sequentially from 1.49cr/3.86days to 1.58cr/3.81days.Diagnostic business has seen steady improvement with covid related tests revenue fell to 24% during the quarter. Diagnostic bus...
Buy Fortis Healthcare Ltd For Target Rs.215 - SPA Securities
Buy Fortis Healthcare Ltd For Target Rs.215 - SPA Securities
Source: SPA Securities Ltd
9/02/2021 10:31:35 AM
Key News Sun TV, Aditya Birla Fashion and Retail & Bharat Petroleum Corporation Ltd by SPA Securities Key News Sun TV profit up 18% at Rs 442 cr, revenues rise by 19% in Dec quarter Sun Television Network (Sun TV) has reported a 18 per cent growth during the quarter ended December 31, 2020 to Rs 441.82 crore from Rs 373 .45 crore, during the same period last year. For the quarter ended December 2020, revenues were up around 19 per cent to Rs 972.34 crore from Rs 814.97 crore, during the same period last yera. Subscription revenues for the quarter was up by about 3 per cent to Rs 424.05 ...
Key News Sun TV, Aditya Birla Fashion and Retail & Bharat Petroleum Corporation Ltd by SPA Securities
Key News Sun TV, Aditya Birla Fashion and Retail & Bharat Petroleum Corporation Ltd by SPA Securities
Source: SPA Securities Ltd
9/02/2021 10:08:55 AM
Buy Orient Electric Ltd For Target Rs.330 - SPA Securities OEL recorded a revenue of INR 6183mn for the quarter compared to INR 4957mn a year ago with revenue from ECD division rising 42% to INR 4605mn whereas that of Lighting division dropping 8% to INR 3044mn. Tailwinds due to heightened consumer demand for all types of home appliances in the wake of increased home bound working, together with a strong support of pent-up demand and festival season, led to encouraging growth in offtakes. Gross margins as % to revenue dropped by 320 bps YoY to 31% pr...
Buy Orient Electric Ltd For Target Rs.330 - SPA Securities
Buy Orient Electric Ltd For Target Rs.330 - SPA Securities
Source: SPA Securities Ltd
6/02/2021 10:46:31 AM
Key News Arvind, SBI & NTPC Ltd by SPA Securities Key News Arvind Ltd Q3 net down 30% to Rs 25 cr, textile business rebounds Textile and branded apparel player Arvind Ltd has posted a 30 per cent dip in consolidated net profit, to Rs 24.91 crore for the third quarter ended December 31, 2020, from Rs 35.77 crore in the said quarter last year. The company's consolidated revenue from operations dipped nearly 19 per cent year-on-year in the quarter to Rs 1,514 crore, from Rs 1,869 crore in the corresponding period last year. Sequential...
Key News Arvind, SBI & NTPC Ltd by SPA Securities
Key News Arvind, SBI & NTPC Ltd by SPA Securities
Source: SPA Securities Ltd
5/02/2021 9:54:49 AM
Key News Thermax, Bharti Airtel & V-Guard Industries Ltd by SPA Securities Key News Procter & Gamble second quarter net profit jumps 84% to Rs 250.62 cr FMCG firm Procter & Gamble Hygiene and Health Care Ltd on Wednesday reported an 84.37 per cent increase in its net profit to Rs 250.62 crore for the second quarter ended December 2020. The company, which follows July-June financial year, had posted a net profit of Rs 135.93 crore in the corresponding quarter previous fiscal, Procter & Gamble said in a regulatory filing. Its revenue from operations ...
Key News Thermax, Bharti Airtel & V-Guard Industries Ltd by SPA Securities
Key News Thermax, Bharti Airtel & V-Guard Industries Ltd by SPA Securities
Source: SPA Securities Ltd
4/02/2021 9:46:12 AM
Key News Lupin, Maruti Suzuki & Adani Green Ltd by SPA Securities Key News Lupin plans expansion, aims to enter Chinese market in the next one year Mumbai-headquartered Lupin is firming up plans to enter the Chinese market in the next one year. Its peers Sun Pharmaceuticals and Dr Reddy’s Laboratories (DRL) already have a presence in the dragon nation. Nilesh Gupta, managing director of Lupin, confirmed that the firm was keen to enter China. “In fact, last March, a management team was scheduled to visit China to explore prospects. This, ho...
Key News Lupin, Maruti Suzuki & Adani Green Ltd by SPA Securities
Key News Lupin, Maruti Suzuki & Adani Green Ltd by SPA Securities
Source: SPA Securities Ltd
2/02/2021 10:07:44 AM
Key News Dabur India, Sun Pharmaceuticals & ICICI Bank Ltd by SPA Securities Key News Dabur India PAT up 24% to Rs 494 cr in Q3, operating revenue rises 16% Fast moving consumer goods (FMCG) major Dabur India reported a 23.7 percent year-on-year jump in net profit for the October-December quarter. The firm's profit after tax (PAT) rose to Rs 494 crore from Rs 399 crore during the corresponding quarter previous year. Dabur's operating revenue recorded a healthy 16 percent yoy growth to Rs 2729 crore - up from Rs 2353 crore - backed by a strong volume upta...
Key News Dabur India, Sun Pharmaceuticals & ICICI Bank Ltd by SPA Securities
Key News Dabur India, Sun Pharmaceuticals & ICICI Bank Ltd by SPA Securities
Source: SPA Securities Ltd
1/02/2021 9:06:20 AM
Key News Maruti Suzuki, Pidilite Industries & Bharti Airtel Ltd by SPA Securities Key News Maruti Suzuki Q3 net profit zooms 24% to Rs 1,941.4 crore on higher sales India’s largest carmaker Maruti Suzuki on Thursday reported a 24 per cent year-on-year (YoY) rise in net profit to Rs 1,941.4 crore for quarter ended December 31 (Q3) of financial year 2020-21 (FY21). However, operating margins contracted by 70 basis points (bps) to 9.5 per cent, compared with 10.2 per cent in the corresponding period last year, because of a 31.29 per cent increase in raw material c...
Key News Maruti Suzuki, Pidilite Industries & Bharti Airtel Ltd by SPA Securities
Key News Maruti Suzuki, Pidilite Industries & Bharti Airtel Ltd by SPA Securities
Source: SPA Securities Ltd
29/01/2021 10:24:13 AM
Buy Polycab India Ltd For Target Rs.1,182 - SPA Securities Revenue rose 12% YoY to INR 27988 mn for the quarter with C&W revenue growing 11% to INR 24073 mn & FMEG revenue growing 41% to INR 3055mn. B2C businesses (Domestic wires & FMEG) witnessed encouraging growth reaching ~ 40% of total revenue whereas B2B business of cables continued to remain laggard. Exports contributed 10% to top line despite higher base of Dangote order in the base quarter. Receivable days reduced driven by the company resorting more & more to channel financin...
Buy Polycab India Ltd For Target Rs.1,182 - SPA Securities
Buy Polycab India Ltd For Target Rs.1,182 - SPA Securities
Source: SPA Securities Ltd
29/01/2021 9:10:42 AM
Key News Hindustan Unilever, ICICI Prudential & Bank of Baroda Ltd by SPA Securities Key News HUL's revenue, net profit, volume surge in Dec quarter as demand picks up Hindustan Unilever (HUL), the country’s largest consumer goods company, saw its profit, revenue, and volume for the quarter ended December 31, 2020 (Q3) rise as demand improved steadily across markets. This is the first quarter since the Covid-19 lockdown last year when urban markets have shown buoyancy, analysts tracking the company said, pointing to a gradual recovery in sentiment in cities, w...
Key News Hindustan Unilever, ICICI Prudential & Bank of Baroda Ltd by SPA Securities
Key News Hindustan Unilever, ICICI Prudential & Bank of Baroda Ltd by SPA Securities
Source: SPA Securities Ltd
28/01/2021 10:03:52 AM
Key News Kotak Mahindra Bank, ICICI Securities & Larsen & Toubro Ltd by SPA Securities Key News Kotak Mahindra Bank Q3 consolidated net up 11% at Rs 2,602 cr on robust NII Private sector lender Kotak Mahindra Bank’s consolidated net profit jumped 11 per cent to Rs 2,602 crore in the October–December (Q3) of FY21, from Rs 2,349 in the corresponding quarter of FY20. On a standalone basis, the bank’s net profit jumped 16 per cent in Q3FY21 to Rs 1,854 crore, compared to Rs 1,596 crore in Q3FY20 due to healthy rise in net interest income (NII) and lower pro...
Key News Kotak Mahindra Bank, ICICI Securities & Larsen & Toubro Ltd by SPA Securities
Key News Kotak Mahindra Bank, ICICI Securities & Larsen & Toubro Ltd by SPA Securities
Source: SPA Securities Ltd
27/01/2021 9:55:07 AM
Key News Ultratech Cement, JSW Steel & Supreme Industries Ltd by SPA Securities Key News Ultratech Cement Q3 result The company has reported revenue of Rs.12254 crores during the period ended December 31, 2020 as compared to Rs.10439 crores during the period ended December 31, 2019. OPM during the same period rose 600 bps to 25%. The company has posted net profit of Rs.1584 crores for the period ended December 31, 2020 as against net profit of Rs.712 crores for the period ended December 31, 2019.   JSW Steel Q3 result The company has reported revenue...
Key News Ultratech Cement, JSW Steel & Supreme Industries Ltd by SPA Securities
Key News Ultratech Cement, JSW Steel & Supreme Industries Ltd by SPA Securities
Source: SPA Securities Ltd
25/01/2021 9:43:44 AM
HDFC AMC AUM set to increase with financialization of savings - SPA Securities Hold HDFC Asset Manangement Company Ltd For Target Rs.3,050 HDFC AMC delivered a strong quarter with a surge in equity markets and normalcy returning to debt and liquid segments. HDFC closing AUM surpassed INR 4,000bn, highest Closing AUM, and registering growth of 15% QoQ. Revenue/EBITDA/PAT in Q3'FY21 grew by 6%/6%/9% sequentially reflecting strong surge in market and AUM. Equity oriented AUM excluding index funds stood at ?1,605 billion with a market share of 13.4%. We lift our FY21...
HDFC AMC AUM set to increase with financialization of savings - SPA Securities
HDFC AMC AUM set to increase with financialization of savings - SPA Securities
Source: SPA Securities Ltd
22/01/2021 9:51:09 AM
Key News South Indian Bank, Bandhan Bank & Jindal Steel Ltd by SPA Securities Key News South Indian Bank books Q3 loss at Rs 92 cr over Covid-related slippages South Indian Bank (SIB) reported a net loss of Rs 92 crore in the quarter ended December 2020, compared to Rs 91 crore during the same period a year ago. "The quarterly loss was mainly on account of credit cost on the higher proforma slippages during the third quarter, as a result of additional stress in the economy due to Covid pandemic," said Murali Ramakrishnan, MD & CEO of the Bank, addi...
Key News South Indian Bank, Bandhan Bank & Jindal Steel Ltd by SPA Securities
Key News South Indian Bank, Bandhan Bank & Jindal Steel Ltd by SPA Securities
Source: SPA Securities Ltd
22/01/2021 9:48:44 AM
Key News Competition Commission of India, L&T Technology & Adani Green Energy Ltd by SPA Securities Key News CCI okays Flipkart's Rs 1,500 cr stake in Aditya Birla Fashion and Retail The Competition Commission of India (CCI) on Wednesday approved the acquisition of a 7.8 per cent minority stake in Aditya Birla Fashion and Retail Ltd by Flipkart Investments Private Ltd. The competition watchdog made the announcement in the evening on Twitter. Last October, Flipkart Group and Aditya Birla Fashion and Retail Limited (ABFRL) formed a new strategic partnership aimed at enhancing the c...
Key News Competition Commission of India, L&T Technology & Adani Green Energy Ltd by SPA Securities
Key News Competition Commission of India, L&T Technology & Adani Green Energy Ltd by SPA Securities
Source: SPA Securities Ltd
21/01/2021 10:03:01 AM
Diwali Picks 2020 By SPA Securities Tata Motors Ltd Valuation & Outlook The stock trades at an EV/EBITDA of 3.3x and P/B of 0.7x on FY23 estimates vs. 10-year average EV/EBITDA of 5.1x and P/B of 1.7x. Key downside risks include a no-deal Brexit, luxury car demand contraction in target markets, failure of new launches, and adverse currency/commodity prices..   The India Cements Ltd. Valuation & Outlook In terms of valuation, on the asset front provide opportunities in India Cements. On an EV/t bas...
Diwali Picks 2020 By SPA Securities
Diwali Picks 2020 By SPA Securities
Source: SPA Securities Ltd
9/11/2020 4:16:17 PM