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2022-05-20 10:52:09 Want to learn stock market from scratch?

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2022-05-20 08:08:10 INDEX
NIFTY 15809.40 -2.65%
NIFTY FUT. 15769.45 -2.72%
SGX Nifty 16003.50 +1.38%

OUTLOOK
The market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 218 points gain.

GLOBAL MARKET
Stocks in Asia and US futures pushed higher today amid a bout of relative calm in markets, though worries about a darkening economic outlook and China’s Covid struggles could yet stoke more volatility. Overnight, US Stocks settled lower, with Cisco Systems slumping after giving a dismal outlook, while investors fretted about inflation and rising interest rates.

RESULT
NTPC, Indigo Paints, Thermax, IDFC, Sobha, Pfizer, Metro Brands, C.E. Infosystems, Indiabulls Housing Finance, JK Tyres and Industries, Hindustan Foods, Heidelberg Cement, Amara Raja Batteries, ZF Commercial Vehicle Control Systems and Advanced Enzyme Technologies

FIIs/ FPIs
As per provisional figures, Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) sold shares worth net Rs.4899.92 crore and Domestic institutional investors bought shares worth net Rs.3225.54 Crore on 19th May 2022. Open / Comment

2022-05-19 14:56:45 7. Financials
eMudhra reported revenue from operations of Rs 131.59 crore for FY21, growing by 13 percent over Rs 116.45 crore revenues reported in FY20. For the nine months ended December 2021, the company had achieved revenues of Rs 137.24 crore.
The company has consistently achieved a double digit growth in its profit after tax (PAT) since FY19. It recorded a PAT of Rs 18.4 crore in FY20 which jumped 38 percent to Rs 25.36 crore in FY21. Profit for the nine months ended December 2021 was at Rs 303.34 crore.
The EBITDA (earnings before interest, tax, depreciation and amortization) margins for FY20 stood at 27.73 percent which improved by 327 bps to 31 percent in FY21. For the first nine months of current fiscal, the EBITDA margins is prevailing at 36.4 percent.
Net margins for FY20 came in at 15.8 percent whereas for FY21 it was 19.27 percent and 22.11 percent for the nine months ended December 2021.

8. Strengths and business strategy
eMudhra gains its strength from being the largest licensed certifying authority in India. It is a one-stop shop solution provider in secure digital transformation and is well-positioned to capture the favourable industry dynamics in India and overseas. It possesses technology certifications, accreditations and membership in international bodies which puts in the league of very few international players that have these certifications. It has the advantage of diverse, longstanding and growing customer base and partnerships with leading Indian and global channel partners and enterprise solution partners.

9. Pre-IPO Placement
The company has done a Pre-IPO placement of 1,603,617 equity shares for a cash price of Rs 243.20 per equity share for an aggregate amount of Rs 39 crore to Baring Private Equity India AIF 2, Acacia Banyan Partners, Motilal Oswal Equity Opportunities Fund Series III, Negen Capital Services Private Limited, Value Wise Consultancy Private Limited, Jagadeesan Kumar, and Krishna Kumar.

10. Grey Market, Allotment & Listing Dates
The company’s shares are not commanding any premium in the grey market currently, according to IPO Watch and IPO Central, both of which track the grey market movements. Shares will be allotted to successful bidders on May 27, and the refund to unsuccessful bidders will be credited their accounts on May 30. Shares will be credited to the demat account of the successful bidders by May 31 and the stock will debut on the bourses on June 1. Open / Comment

2022-05-19 10:12:56 Want to learn stock market from scratch?

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2022-05-19 08:21:48 INDEX
NIFTY 16,240.30 -0.12%
NIFTY FUT. 16,237.00 -0.11%
SGX (8AM) 15,932.00 -1.87%

OUTLOOK
The Indian market is likely to open sharply lower taking ques from the global market.

GLOBAL MARKET
Wall Street ended sharply lower, biggest daily drop in two years as investors assess the impact of higher prices on earnings and prospects for monetary policy tightening on economic growth. The dollar and Treasuries gained amid a pickup in haven bids. Retailers are starting to reveal the impact of eroding consumer purchasing power, as profit of retailer, Target Corp first-quarter profit fell by half and the company warned of a bigger margin hit on rising fuel and freight costs. Asian stocks tracked a steep Wall Street selloff as investors fretted over rising global inflation, China's zero-COVID policy and the Ukraine war. U.S. Treasuries rallied overnight and were steady in Asia, leaving the yield on benchmark 10-year Treasury notes at 2.8931%. U.S. crude dipped 0.2% to $109.38 a barrel. Brent crude rose 0.26% to $109.4 per barrel.

RESULT
HPCL, Ashok Leyland, Bosch, Chambal Fertilisers & Chemicals, Container Corporation of India, Endurance Technologies, Gland Pharma, Dr Reddy's Laboratories, Godrej Consumer Products, Novartis India, Ramco Systems, Punjab & Sind Bank, Rossari Biotech, Ujjivan Financial Services, and Suryoday Small Finance Bank will release quarterly earnings today

FIIs/ FPIs
Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) sold shares worth net Rs.1254.64 crore and Domestic institutional investors bought shares worth net Rs.375.61 Crore on 18th May 2022. Open / Comment

2022-05-19 06:32:48 From CA Abhay's Desk

My perception doesn't changes with prices, that's why was not bullish in last 2 days even after more than 600 points rally. Macro factors are not in favor of Bulls and with performance pressures on the results of globally and Indian companies are clearly visible that's also not supporting bulls.

Risk of Russia War is still there with Finland's statement to join NATO.

Russia- Ukraine war is still going on.

IN RBI Interim POLICY Minutes we can see that all menbers have agreed to raise interest in coming June Month and August months policy from 0.50% to 0.75%.

We have only support of China+1 Policy of Investments in India and Companies perform well and publish good results so that based on micro factors Bulls can be bullish on stocks.

One more points to add that With slowing of demand and consumptions in the Indian economy and globally, FED and RBI may softens there approach towards raising the interest rates fastly and may see a Accomodative approach.

We will be see a full range bound trade in this year

#LoveAV

https://t.me/investylearntoearn Open / Comment

2022-05-18 10:05:37 Want to learn stock market from scratch?

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2022-05-17 06:52:21 INDEX
NIFTY 15842.30 +0.38%
NIFTY FUT. 15842.60 +0.50%
SGX Nifty 15872.50 +0.18%

OUTLOOK
The market is likely to begin session on green note as indicated by the global markets.

GLOBAL MARKET
Asia Pacific stocks were mostly up on Tuesday morning, even as investors continue to evaluate the economic outlook thanks to elevated food and fuel costs, central banks’ tightening monetary policies, and China’s COVID-19 lockdowns. Overnight, U.S. stocks ended mixed, with equities struggling for direction as concerns over the growth outlook persisted amid elevated inflation. Oil prices opened lower in early Asian trade on Tuesday after the European Union's efforts to enact a ban on Russian oil imports, a move that would tighten global supply, ran into resistance from member country Hungary.

RESULT
Bharti Airtel, DLF, Dr Lal Path Labs, Minda Corporation, Abbott India, Automotive Axles, Bajaj Electricals, EID Parry (India), EKI Energy Services, Galaxy Surfactants, GMR Infrastructure, Indoco Remedies, Indian Oil, IRB Infrastructure Developers, Jubilant Ingrevia, Kajaria Ceramics, Kirloskar Ferrous Industries, Nocil, PI Industries, Sapphire Foods India, SPARC and Star Cement

FIIs/ FPIs
As per provisional figures, Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) sold shares worth net Rs.1788.93 crore and Domestic institutional investors bought shares worth net Rs.1428.39 Crore on 16th May 2022. Open / Comment

2022-05-16 08:54:26 News Today:

State Bank of India: The country's largest lender reported a 41.28 per cent rise in standalone profit after tax at Rs 9,114 crore for the quarter ended March 2022, driven by healthy interest income and better asset quality. Its standalone profit after tax (PAT) stood at Rs 6,451 crore in the fourth quarter of the previous fiscal.

Tech Mahindra: The IT services major reported a 39 per cent jump in its consolidated net profit for March 2022 quarter at Rs 1,678.4 crore, and exuded confidence that the positive business momentum will continue in the current fiscal. On a standalone basis, the Mahindra group company reported a post-tax profit at Rs 1,505 crore in the quarter under review as against Rs 1,081 crore a year ago.

Eicher Motors: The two-wheeler auto major's consolidated net profit after tax increased by 16 per cent to Rs 610 crore for the fourth quarter ended March 31, 2022. The company had reported a net profit after tax of Rs 526 crore in the January-March quarter of the 2020-21 fiscal.

Maruti Suzuki India: The country's largest carmaker announced an investment of Rs 11,000 crore in the first phase of a new facility to be set up at Sonipat in Haryana. The company said it has completed the process of allotment of an 800-acre site at IMT Kharkhoda in Sonipat district with HSIIDC.

Bank of Baroda: The state-owned lender reported a standalone profit after tax of Rs 1,779 crore in the quarter ended March 2022, helped by higher interest income and fall in bad loans. The lender had a loss of Rs 1,047 crore in the year-ago period.

Pharma stocks: Homegrown drug majors Lupin, Glenmark and Dr Reddy's Laboratories are recalling different products in the US, the world's largest market for medicines, due to deviation from standard manufacturing norms.

Bandhan Bank: The private lender reported a doubling of net profit for the March quarter at Rs 1,902 crore on the back of a massive reduction in provisions for bad debts. The Kolkata-headquartered bank that started as a microfinancier closed FY22 with a profit of Rs 126 crore, down 94 per cent as against the previous fiscal.

Carborundum Universal: The abrasives and industrial ceramics maker reported a 7.60 per cent jump on its standalone net profit for the quarter ending March 31, 2022 at Rs 61.91 crore. The Murugappa Group company had registered standalone net profit at Rs 57.52 crore during the corresponding quarter in the previous year.

JK Paper: The paper firm reported a 25 per cent increase in consolidated net profit at Rs 170.17 crore for the fourth quarter ended March riding on higher sales volumes. The company had posted a consolidated net profit of Rs 136.07 crore in the corresponding period of previous fiscal.

Alkem Laboratories: The pharma player said on exchanges that the medicines and healthcare products regulatory agency (MHRA) has pointed out no critical or major observations at its Taloja Plant. The company said the MHRA has closed its inspection.

Avenue Supermarts: The owner and operator of retail chain D-Mart reported a 3.11 per cent increase in its consolidated net profit to Rs 426.75 crore for the fourth quarter ended March 2022. The company had posted a net profit of Rs 413.87 crore in the January-March quarter a year ago.


Shipping Corporation of India: The state run shipping firm reported a 77.42 per cent jump in its consolidated net profit to Rs 152.16 crore for the fourth quarter ended March 2022. The state-owned company had clocked a consolidated profit of Rs 85.76 crore in the same quarter of

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