DM Stocks

2023-02-01 08:12:57 Excerpts from Kaynes Technology analyst call (Sales note by domestic brokerage)
1) sales 1200 cr for current year and 1800 cr next year
2) margins stable or could even improve from current levels
3) 35-40% of sales come in q4.
4) in talks with 2 large European companies to shift entire manufacturing from China to India. European companies are wary of protecting intellectual rights they feel safer in India.
5) entering new sector green hydrogen expecting first order to come through mid 2024.
6) cash balance 483 cr
7) on expanded capacity can do peak sales of 2750-3000 cr.
8) order enquires strong. Open / Comment

2023-01-20 07:44:54 Indian metal and Ferro alloys (Domestic sales note)

Good play on China opening up

South Africa is a big producer of Ferro chrome. Their they are witnessing massive power cut which will eventually lead to increase in international price.

Coal and pet coke cost coming down on qoq basis Open / Comment

2023-01-20 06:48:10 Tata Motors (TTMT IN, BUY, TP: INR520) is reportedly in talks with global investors to raise USD500-USD600m for its India EV business. According to the Economic Times, the company is seeking a 15-20% premium from its last funding round, valuing its EV subsidiary, Tata Passenger Electric Mobility at cUSD10.9b. This follows a USD1b funding round in 2021 with TPG's Rise Climate Fund and Abu Dhabi's ADQ. As per the article, Tata is currently in preliminary discussions with several high-profile investors, impact funds, sovereign wealth funds, and Canadian pension funds for the funding.

If true, this is positive for the company and helps increase the confidence on valuations for TTMT's India EV business. EV stocks have corrected significantly over the last year and if TTMT could receive funding at a higher valuation versus its previous fund raise, it could provide strength to the stock in the short term.

Himanshu Singh, Mansi Lall
PL Autos

https://economictimes.indiatimes.com/epaper/delhicapital/2023/jan/20/et-front/tata-motors-back-on-funding-st-seeks-around-600m-for-ev-biz/articleshow/97151573.cms Open / Comment

2023-01-19 08:53:05 + steel: Nippon Steel increased HRC prices to USD750/t for March shipment; door open for further domestic hikes

As per Steelmint, Japanese producer, Nippon Steel, has raised HRC prices to USD750/t for early March shipment. This indicates improvement in demand. As of now, imports from South Korea are coming at USD690/t at Indian port and domestic prices are at parity.

With rise in prices from Japanese producer, there exist a possibility of further rise in prices post lunar holidays in China and thereby in India.

Domestic demand is firm amid seasonality. As per calculation, there is a room to increase prices by upto INR4,000/t by domestic producers in Feb/March (assuming global price sustains) which will more than offset the higher RM cost. This may not lead to any cuts in our FY23/24 est. Retain our mid term positive view on metals

Regards,

Ashish Kejriwal, NUVAMA Open / Comment

2023-01-19 08:19:00 Both tata steel and sail have underperformed JSW Steel and JSPL off late Open / Comment

2023-01-19 08:18:37 SAIL chart Open / Comment

2023-01-19 08:18:18 Tata Steel chart Open / Comment

2023-01-19 08:16:23 Adani FPO news overhang out....traction is now being seen in Ambuja now... Open / Comment

2023-01-19 06:51:59 Big news for steel companies....Sharp increase in steel prices (usd 150/ton increase to 750/ton FOB) by Japanese steel majors for March shipments.....and this is for march....Price hike for Indian companies now open up for another 5-6K.... Open / Comment

2023-01-18 09:07:58 Deep Industries to consider stock split on 6 February Open / Comment