11/09/2020
One pager 11th September 2020.
[9/11, 08:11] 💎Ikrant: Global Cues 1/1
-Asian markets to open mixed as US markets again under profit-booking
-But Dow futures trading up to more than 140 points
-All major indices fall 4th day this week
-Tech shares lead the fall
[9/11, 08:11] 💎Ikrant: Global Cues 1/2
-Dow closed down 406 points at 27,534
-Dow above 200 DMA for 40 straight sessions
-S&P 500 down 60 points to 3,339
-S&P above 200DMA for the 50 days in a row
-Nasdaq fell 223 to 10,919.59
-Nasdaq above its 200DMA for 87 straight sessions
[9/11, 08:12] 💎Ikrant: Global Cues 1/3
-Trump says there will be no extension of the TikTok deadline, Sep 15 is the last date
-Goldman sees a 35% jump in Q3 GDP, much higher than the rest of Wall Street
[9/11, 08:12] 💎Ikrant: Global Cues 1/4
-Brent Crude oil below $40
-Gold in a range
[9/11, 08:12] 💎Ikrant: India & China agree on 5 points to guide approach. India expects full adherence to bilateral agreements. Immediate task to ensure comprehensve disengagement of troops. Final troop deployment, phasing of process to be worked out by military commanders reports
[9/11, 08:12] 💎Ikrant: Jefferies On Avenue Super
Initiate Coverage With Buy; Tgt At 2,600/Sh
It’s In A Sweet Spot, With Acute Focus On Customer Value, Product Quality, Profitability
COVID-19 Is A Headwind For FY21,
But We Expect A Gradual Improvement
See 25%+ EPS CAGR Over FY20-23
[9/11, 08:13] 💎Ikrant: INFOEDGE : ZOMATO founders In letter to employees says planning an IPO in first half of 2021.
Infoedge holds 22.7% in zomato. Zomato is currently valued at $3.5Bln
Zomato raised $102.5 million led by Tiger Global
[9/11, 08:13] 💎Ikrant: Maruti : Suzuki purchased 284,322 equity shares valued at Rs 204.31 crore in Maruti Suzuki
[9/11, 08:13] 💎Ikrant: National Fertilizers: The company reported total fertilizer sale of 23.81 lakh MT and production of 16.11 lakh MT urea in April-August, 2020.
[9/11, 08:13] 💎Ikrant: CONCOR : Indian Railways Accelerates Freight Growth: Indian Railways has enhanced logistics by making freight trains efficient & faster
Freight speed up 97% YOY 47.2 kmph vs 23.98 kmph
Freight loading iup by 12% YOY 3.3MT vs 2.95MT
[9/11, 08:14] 💎Ikrant: Results: HAL Q1FY21 YoY- weak
Revenuesdn -47.2% at 1737cr vs 3289cr
EBITDA dn -54.4%at 384cr vs843cr
EBITDA margins 22.1% vs 25.6%
Net Profit dn -73.7% 148.6cr vs 565cr
[9/11, 08:14] 💎Ikrant: RESULTS : Hind Copper Q1FY21 (yoy)
Cons Net Profit up 40% At 29.8 Cr Vs 21.2 Cr
Cons Revenue up 41.9% At 431.4 Cr Vs 304.1 Cr
Cons EBITDA dn 7.4% At 86.4 Cr Vs 93.3 Cr
Cons EBITDA Margin At 20% Vs 30.7% (YoY)
Tax Credit At 11 Cr Vs 1 Cr (YoY)
[9/11, 08:14] 💎Ikrant: Jefferies On Avenue Supermart
Initiate Coverage with BUY
Target Rs 2,600
-
JP Morgan on BEL
Maintain OW
Target 125
-
CLSA on Hero Moto
Maintain Buy
Target 3315
[9/11, 08:14] 💎Ikrant: Morgan Stanley on Banks
Overweight on ICICI Bank, Target Rs 525
Overweight on Axis Bank, Target Rs 600
Overweight on HDFC Bank, Target Rs 1450
[9/11, 08:37] 💎Ikrant: RESULTS J&K BANK Q1FY21(QoQ)
- Net Int Income 904 cr dn 9.3%
- Profit After Tax 6.5 cr vs loss 284 cr
- Deposits at 99,691 cr+2%
- Advances at 65,170 cr+1.2%
[9/11, 08:37] 💎Ikrant: DR REDDYS LABORATORIES
Revlimid pre-trial conf is on 21st Sept
Revlimid has a huge market size $7.5bn (used to treat multiple myeloma)
DRL is one of the early filers
Global Pharma Co Celgene is the innovator and this case is approaching the trial stage
[9/11, 08:37] 💎Ikrant: PROMOTER ACTION
Jamna Auto: Promoter Bought 80k Shares
Chambal Fert: Promoter Bought 88k Shares
Alembic Ltd: Promoter Bought 4.04 Lk Shares
NCL Ind: Promoter Bought 77k Shares
CL Educate: Promoter Bought 10k Shares
ADF Foods: Promoter Sold 90k Share
[9/11, 08:37] 💎Ikrant: RESULTS : Q1 Fy21 YoY
JAY BHARAT MARUTI - BAD
Rev Rs 70.2 cr vs Rs 442.9 cr YoY – Dn 84%
Loss at Rs 21.04 cr in Q1FY21 vs profit at Rs 7.8 Cr
MIRC ELECTRONICS -BAD
Rev Rs 94.54 cr vs Rs 177.57cr Dn 46%
Loss at Rs 10.74 cr vs profit at Rs 0.88 cr
[9/11, 08:38] 💎Ikrant: Results Today
IRCTS
BHEL
Adani Green
Arvind Smart spaces
BF Utilities
Mishra Dhatu Nigam
Rail Vikas Nigam
[9/11, 08:38] 💎Ikrant: Court Cases Today
10:30 AM
-Mumbai special court to hear bail pleas of Rhea Chakraborty and her brother Showik- Post 10 30 am
12:30 PM
-Construction Labour PIL against the relaxation of labour laws in UP, MP
[9/11, 08:38] 💎Ikrant: Top 10 Stocks In Focus
1-MARUTI
2-HAL
3-INFO EDGE
4-HINDALCO / VEDANTS / HIND COPPER
5-HEXAWARE
6-AMBER ENT
7-IRCTC / BHEL / RVNL / MIDHANI / ADANI GREEN
8-DEEPAK FERT
9-JAY BHARAT MARUTI / GOA CARBON
10-DR REDDY’S LAB
[9/11, 08:44] 💎Ikrant: *Power of PreIPO Unlisted Shares*
Read the full coverage
Happiest minds- What a run ?
Started : 2011 ( with 9 co-founders)
Funded: $45 mil in 2011 itself
Revenue : Rs 714 Cr (FY 2020)
Profit : Rs 72 cr ( FY 2020)
Employees : 2400
Offices : Bangalore, Noida and Pune in India, US, UK, Singapore and Australia.
Customers : 170
IPO : 7-9 Sept 2020. The issue price band has been fixed at Rs 165-166 per share.
It is daring to go for IPO in Covid-19 and it was oversubscribed 150 times.
ESOPS: given to all 800 employees in 2013 and in Jan 2020, anyone not given ESOPs was given ESOPs. If one invested Rs 1.2 lak for 60K shares in 2013, he would be Karodpati today!
We call it crowd, if there are more than 3-4 co-founders. With Nine co-founders, they must have been a solid rock walls!
Amazing. Hats off to Ashok Soota and his team.
Congrats to entire Happiest Minds Team.
PS: Ashok Soota ji started Happiest minds at 69.
What is your age ?
When you are going to have your 'happiest mind'?.... ....
Come on Let's Grow Together....↗️↗️↗️☑️☑️
[9/11, 08:57] 💎Ikrant: CLSA On Hero MotoCorp: Buy, Tgt At 3,315/Sh
Robust Outlook For Demand, Pricing
Utilisation Exceeds 90% As The Supply Chain Eased
Co Is Preparing To Increase Inventory Ahead Of The Festive Season
2nd Round Of Price Hikes Should Protect OEMs Per-unit Gross Margin