Nirmalbang Securities Pvt Ltd Kadirur Kerala

06/07/2022

*World Market*

Dow - 129
Nasdaq + 194
Dax - 372
Nikkei - 258
Hangseng - 94
SgxNifty + 97 (15863)
Dowfut + 4
Nasdaqfut + 25
Crude Oil 104.85
Dollar Index 106.3

*Stocks in F&O Ban*

NA

*Economic Calendar_06.07.2022*

Euro EU Economic Forecasts @ 14.30 pm

UK Final Service PMI @ 14.00 pm

US FOMC Member Williams Speaks @ 18.30 pm

US JOLTS Job Openings @ 19.30 pm

*US FOMC Meeting Minutes @ 23.30 pm*

*Stock in Action*

*MTAR Technologies*: MTAR Technologies is a leading manufacturers of mission critical precision components in precision engineering. Company has 3 business division including Clean Energy accounting 64% of revenue, Nuclear contributes 14% of revenue and Defence and Space account 18% of revenue. Company has been witnessing accelerated growth across end markets, led by Clean Energy. The company boasts of long-standing relationships with major end customers ISRO, NPCIL, DRDO and Bloom Energy. Further, the addition of new customers and capabilities makes for a robust outlook for MTAR. Differentiated engineering capabilities and lower raw material risk compared with traditional capital goods companies should insulate profitability in an inflationary environment. Government focus on expanding India’s nuclear capacity from 6.7GW today to 22.6 GW in 2031 opens a large opportunity for MTAR, both in the new installation and refurbishment markets. Positive on MTAR Technologies given the steady growth in Nuclear, Space and Defence segments and increased space budgets from government.

*Cera Sanitaryware ltd*.: Cera Sanitaryware is one of leading manufacturer and seller of sanitaryware and faucetware segment. Company is expanding capacity by 1.2mn pieces each in sanitaryware for Rs 130 crore and in faucetware for Rs 70 crore. Management expects to double the revenues at a faster rate 18-20% CAGR in the next three-four years. In addition, management is confident of doubling revenue within the next 3.5 years from 5 years earlier. The recent capacity de-bottle

05/07/2022

INDIA (JUN) S&P GLOBAL INDIA PMI SERVICES ACTUAL: 59.2 VS 58.9 PREVIOUS

05/07/2022

*Tata Motors targets five-fold rise in electric vehicle sales by FY24: N Chandrasekaran at TAMO’s AGM*
• TAMO sold 19,500 EVs in FY22. TAMO’s target is to cross 50,000 this year and 100,000 next year.
• The company is on track with its target of becoming a near zero debt company by 2024.
• Co will soon start paying dividends.

04/07/2022

04/07/2022

Stocks in News*

*HAL:* Tejas aircraft emerges as a top choice for Malaysia's fighter jet programme. (Positive)

*Dmart:* Avenue Supermart's revenue from operations at Rs 9807 cr vs Rs 5032 cr YoY for Q1 (Positive)

*HDFC Twins:* HDFC gets go-ahead from BSE and NSE to merge with HDFC Bank in India's biggest-ever M&A. (Positive)

*HDFC:* Assigned loans amounting to `9533cr vs `5489cr , up 74% YoY ld (Positive)

*Shilpa Med:* Company has executed Business Transfer agreement with Shilpa Pharma Lifesciences Ltd effective from 30 June 2022 (Positive)

*Muthoot Fin:* RBI has granted permission for opening 150 new branches for the Company. (Positive)

*VMart:* Company has opened 11 new stores in the April - June quarter of FY 22-23. (Positive)

*Asian Granito:* Future Ceramic, WOS has commenced work on the large format glazed vitrified tiles (GVT) plant at Morbi. (Positive)

*Brigade:* WTC Trades & Projects Pvt Ltd, WOS acquired 63% stake in Tandem Allied Services for 51cr. (Positive)

*VBL:* Subscribed 30% stake in JV named as IDVB, which is engaged in the business of recycling of PET bottles. (Positive)

*Sigachi:* Venturing into human nutritional segment. (Positive)

*Mazagaon:* Successfully launched a Fuel Cell Electric Vessel(FCEV) prototype being the first Indigenous Hydrogen Powered Electric Boat (Positive)

*DBL:* Declared as L-1 bidder for the tender floated by GMRC Ltd. (Positive)

*Deepak NTR:* Gujarat Pollution Control Board revoked plant closure order for manufacturing facility in Gujarat (Positive)

*Ashoka Buildcon:* Company emerged as 'the lowest bidder' for construction and maintenance of Rajiv Gandhi Fintech Digital Institute, with project cost is Rs 611 crore. (Positive)

*Timex* to launch Adidas watches, Philipp Plein products in India (Positive)

*NFL:* Clocked a growth of 47% in total Fertilizer Sale during April-June 2022. (Positive)

*Endurance:* Company has acquired 51% of the equity share capital of Maxwell on 1st July

03/07/2022

US stocks have seen their worst first half of a year since 1970, as concerns grow over how steps to curb inflation will affect economic growth.

In the last six months, the benchmark S&P 500 index fell 20.6%, while other major US indexes also dropped sharply.

Stocks in the UK, mainland Europe and Asia have also suffered steep losses.

It comes as central banks around the world are trying to rein in soaring living costs, with prices of essential goods like food and fuel jumping

03/07/2022

With Reference to fire incident at Nandesari Gujarat of *Deepak Nitrite* plant company has informed that post corrective action Gujarat Pollution Control Board has allowed the Nitro section to operate at 50% capacity. *Positive*

03/07/2022

*TOWER TALKS*
*03 July 22*

• The sudden imposition of additional taxes on petroleum items saw stock price of *Reliance Industries* plummet on the bourses. A good opportunity to acquire this conglomerate at decent rates. Add.
•
• *Bajaj Auto* to buyback 54.35 lakh shares from the open market at Rs. 4600 per share and reduce its equity by 1.88% at a cost of Rs. 2500 cr. Add this cash-rich share for the long-term.
•
• *Sakthi Sugars*, one of the largest sugar manufacturers, to sell its Orissa-based sugar-and-distillery units for Rs. 134.1 cr. to cut its debts.
•
• Energy major, *Indian Oil Corporation*, has rewarded shareholders with its 7th bonus issue in the last 28 years. Add this ex-bonus share for 50% returns from the current low level.
•
• *M&M* share continues to soar on the back of rising demand for its vehicles and tractors. The Q4 profits were scintillating and the market expects some exciting news shortly. Add.
•
• SEBI has issued a warning to *Aurobindo Pharma* over US FDA audit disclosure. The knee-jerk reaction provides an opportunity to enter it at bargain prices. Any takers?
•
• *Indian Oil Corp* is now ex-bonus and attractively priced around Rs. 65 and offers a high dividend yield of around 12%. Add.
•
• *MGL (Mahanagar Gas)*, a leading natural gas distribution co. is poised to add consumers exponentially in Mumbai, Thane, and Raigad districts. At the current price, MGL must be added.
•
• *Maruti Suzuki* June 22 sales jumped 5%. This car manufacturer is on track to recover lost grounds and make big inroads. Add.
•
• The monsoon forecast is promising. *Coromandel International*, a fertilizer manufacturer, will gain by its recent expansions. The share is in the buy zone and can give 40-50% returns in 12 to 15 months. Add.
•
• ONGC Videsh, a subsidiary of *ONGC*, has made a big oil discovery in Colombo, wherein it has 70% stake. Add it for big gains.
•
• The Government’s strict ban on single use of plastic bags is a big booster for paper manuf

03/07/2022

Bajaj Auto 3% on flat June sales numbers; sheds 7% in last three days. The company's total two-wheeler sales 2 per cent year on year (YoY) to 315,948 units, mainly due to a 23 per cent YoY in exports at 190,865 units during the month.

Source: Business Standard

03/07/2022

*TOWER TALK*

*JULY 3, 2022*

Gulf Oil Lubricants is a pioneer in automotive and non-automotive lubricants. Its brand ‘Gulf’ is a global brand. Company delivered highest sales and profits in FY22 but stock is trading at a PE of less than 10x. An attractive buy.

PFC is the leading power sector & infrastructure finance company with loans of over Rs 7 lakh crore and reduced its net NPAs in FY22. Stock is trading at historical low valuations of just 2 PE with attractive 12% dividend yield. Buy for long term appreciation and short term returns.

The undervalued Anup Engineering is expected to do well as the capex cycle revives. Worth a bite!

Phoenix Mills really represents the India consumption story. The footprint is being scaled up expeditiously. A re-rating is also due.

Larsen Toubro represents the Indian infra push and has no match. Patient investors are bound to reap a rich harvest.

Shree Ram Proteins, producer of de-oiled cotton seed cakes, plans to set up Sunflower oil unit in Russia and has acquired tea gardens in Silchar, Assam, and venture into tea exports.

Mishtann Foods, processor of a variety of rice and pulses, has fetched a good response to its salt. On 1st July, it launched its Rock Salt on the occasion of the Rath Yatra.

NIIT arm, NIIT Life Science, has won a multi-year training contract from a Swiss multinational in healthcare. Around Rs. 384, the share looks a good buy. Add.

HGS plans to set up a new 1000-seater delivery centre in Mysuru, for an international client. Positive for the Company. Add.

Greenlam Industries has approved preferential allotment to raise 5% capital for expansion. The share is likely to be issued at around Rs. 309 near to its current price. Add.

A market veteran recommends buying the share of DCB Bank for 40% as the bank has notched Q4 EPS of Rs 3.7 and FY22 EPS of Rs 9.3. DCB is expected to clock an EPS of Rs 13+ in FY23. Buy for 30% gain

Savita Oil to split its stock from Rs10 to Rs2 in the ratio of 5:1, which will bo

25/06/2022