Monday, March 29, 2021

HOLI - The Festival Of Colours , People Engagments And Togetherness

HOLI

 Holi is one of the major festivals of Hindus. It is celebrated in South Asian countries, especially in India. Hiranyakashyap wanted to kill his son, so he called his sister, Holika. She had a magic robe. This robe had the power to save the wearer from burning in fire. Hiranyakashyap ordered his sister to sit on a burning fire along with Prahlad. He thought that his sister would not be harmed by the fire of the magic robe and Prahlad would be burnt to death. But the result was the opposite to what the evil demon king planned.

Thus Prahlad came out of the burning fire safely and Holika was burnt to death. and holi is the festival of collour It is celebrated with colors to mark the victory of virtue and goodness over evil.

The festival is celebrated for five days. The 5th day, Rang Panchami, marks the closing day of the Holi festival.

People are seen with different varieties of colors on Holi. They put colors on each other, sing, dance. They worship Lord Krishna and put colors on his idol.

Families gather together and Parvi the whole day


Holi is coming. Play it safely

Continuing the tradition of smearing colour on the faces of friends and throwing coloured water in a playful manner on guests is a hallmark of the Indian Festival Holi. Historically, Holi, the festival of bright and cheerful colours, used to be played with natural dyes made from henna leaves, margosa leaves, marigold flowers, turmeric, kumkum and Gulal made from red sandalwood powder etc. With changing times, chemical dyes and synthetic colours entered into the market. These may contain dangerous toxins that have harmful effect on the human body. Therefore, one has to be careful while using the colours for playing holi; most of the modern colours are in fact chemical dyes and can cause skin allergies. Some of the skin problems that could occur are itching, rashes, dryness and irritation. Eyes are extremely vulnerable and need to be protected since sometimes; these harmful colours come in contact with eyes resulting in eye-infection etc. Why don’t we all start using herbal colours made up of natural substances? We should spread the message of not using chemical colours having harmful substances such as lead and mercury etc. This is the first step of risk avoidance to have a vibrant and safe holi. One more aspect of danger is that the floor becomes slippery due to playing with water colours. So while playing holi, avoid running or jumping on wet floors as one may get injured due to slippery floors spoiling the mood of the day. The second step is minimise risk by applying oil on the skin and hair before playing holi. This way, the dyes will not catch hold on to the body easily. Using oil may help to minimise the side effects, even if some of the colours used by friends happen to be chemical colours. And finally, one should never force any one to play holi against their will. Remember, it is all about taking a little care and exercising due caution even while enjoying the Holi with your near and dear ones. 

Saturday, March 13, 2021

IPO - craftsman Automation Ltd


IPO Note – Craftsman Automation Ltd.
Price Band: Rs. 1,488 – 1,490
Issue Date: 15 – 17 March
Recommendation: SUBSCRIBE


Company Overview
CAL (Craftsman Automation Ltd.) is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments namely, Automotive Powertrain (48% of FY20 revenue), Automotive Aluminium Products segment (17%) and Industrial and Engineering segment (35%).

Details and Objects of the Issue
The total issue size is Rs. 824 Cr constituting 
(i)  Offer For Sale of up to 0.45 Cr equity shares aggregating to Rs. 674 Cr mainly by PE investors
(ii)  Fresh issue of up to 0.10 Cr equity shares aggregating to Rs. 150 Cr. 
The Offer shall constitute 26% of the post-offer paid-up equity capital of the company. CAL shall utilise the proceeds from the fresh issue towards retiring debt.

Investment Rationale: 
•  CAL is the market leader in machining of most critical value added products (cylinder blocks & cylinder heads) for MHCV & Construction Equipment segments, resulting in best in class margins.
•  Auto industry is at the cusp of an upcycle after having undergone a two year long downcycle.
•  Storage business is a high growth structural opportunity for CAL.

Valuation and Recommendation 
CAL’s margins are well above peers on the back of its leadership position in the highest value segment amongst all engine parts of - cylinder heads and cylinder blocks. ROCE is in-line with industry peers and accordingly the P/E multiples are also broadly in line with peers. With the auto upcycle having commenced and aggressive repayment of debt (to decline to Rs. 770 Cr by end of FY21 against Rs. 1041 Cr in FY20), return ratios are likely to witness a strong uptick. Q3FY21 ROCE has already bounced higher to 22% against 12% in FY20. Based on (i) presence in high end machined components, (ii) upturn in auto industry having commenced (iii) rising mix of non-cyclical, high growth storage solutions business and planned entry into automated storage systems, (iv) Expansion of return ratios and (v) comparatively cheaper P/E multiple on Q3FY21 annualised earnings; we recommend to subscribe to the issue from a long term perspective.

Today's update 13-3-21



1. U.S MICHIGAN CONSUMER EXPECTATIONS (MAR) ACTUAL: 77.5 VS 70.7 PREVIOUS; EST 74.0☀️U.S MICHIGAN CONSUMER SENTIMENT (MAR) ACTUAL: 83.0 VS 76.8 PREVIOUS; EST 78.5☀️U.S MICHIGAN CURRENT CONDITIONS (MAR) ACTUAL: 91.5 VS 86.2 PREVIOUS; EST 88.3

2. TATA DIGITAL FILES APPLICATION WITH CCI ON ACQUIRING MAJORITY STAKE IN BIGBASKET.COM; LOOKS TO ACQUIRE UP TO 64.3% STAKE

3. DLF: BOARD MEETING ON MARCH 17 TO CONSIDER RAISING UPTO 5B RUPEES VIA NCDS

4. SUPREME PETROCHEM: CO APPROVES PLAN TO REDUCE SHARE CAPITAL || CO TO REDUCE FACE VALUE OF SHARES TO 4 RUPEES || CO TO RETURN 6 RUPEES PER SHARE TO EACH SHAREHOLDER

5. JAPAN PM SUGA: AGREED WITH LEADERS FROM U.S., INDIA, AUSTRALIA TO HOLD FACE-TO-FACE FOUR-WAY MEETING BY YEAR-END☀️JAPAN PM SUGA: AGREED WITH LEADERS FROM U.S., INDIA, AUSTRALIA TO COOPERATE IN PROVIDING COVID-19 VACCINE-RELATED SUPPORT TO DEVELOPING COUNTRIES IN INDO-PACIFIC

6.INDIA FOREIGN SECRETARY SAYS PM MODI EMPHASIZED THAT THE QUAD IS A PARTNERSHIP FOR GLOBAL GOOD ||  SAYS FOUR COUNTRIES EMPHASIZED COMMITMENT TO SHARED BELIEF IN DEMOCRACY AND PLURALISM☀️INDIA FOREIGN SECRETARY SAYS PM MODI EMPHASIZED THAT THE QUAD IS A PARTNERSHIP FOR GLOBAL GOOD ||  SAYS FOUR COUNTRIES EMPHASIZED COMMITMENT TO SHARED BELIEF IN DEMOCRACY AND PLURALISM☀️INDIA FOREIGN SECRETARY SAYS WILL PRODUCE ABOUT 1B DOSES BY END OF 2022 AS PART OF THE INITIATIVE☀️INDIA FOREIGN SECRETARY SAYS ON VACCINE SUPPLY CHAIN SAID IT HAS TAKEN UP THIS ISSUE WITH THE U.S, BUT NOT AS PART OF QUAD☀️INDIA FOREIGN SECRETARY SAYS U.S. COS. NEED TO APPLY TO REGULATORS IN INDIA FOR EMERGENCY USE AUTHORIZATION OF VACCINES☀️INDIA FOREIGN SECRETARY SAYS THERE IS A CRITICAL AND EMERGING TECH WORKING GROUP, AND IT WILL HAVE TO DECIDE IF RARE EARTHS ARE PART OF THAT DISCUSSION

7.DOW HITS RECORD HIGH

Thursday, March 11, 2021

Today's update 11-3-21




1. U.S. CENTERS FOR DISEASE CONTROL DIRECTOR WALENSKY SAYS CORONAVIRUS- CASES MAY BE AGAIN STARTING TO TREND DOWNWARDS

2. GERMANY'S DAX UP 0.7% || FRANCE'S CAC 40 UP 1.1% || SPAIN'S IBEX UP 0.8%

3. SREI INFRASTRUCTURE: CARE HAS REVISED THE RATINGS ASSIGNED TO LONG TERM & SHORT TERM BANK FACILITIES, LONG TERM INFRASTRUCTURE BOND, NON-CONVERTIBLE DEBENTURE ISSUE & UNSECURED SUBORDINATED TIER II NCDS

4. U.S. (FEB) FEDERAL BUDGET BALANCE ACTUAL: -310.9B VS -163.0B PREVIOUS; EST. -265.0B

5. DGCX WTI CRUDE OIL FUTURES SETTLE AT $64.44/BBL, UP 43 CENTS, 0.67%☀️DGCX BRENT CRUDE FUTURES SETTLE AT $67.90/BBL, UP 38 CENTS, 0.56%

6.DOW JONES UNOFFICIALLY CLOSES UP 467.90 POINTS, OR 1.47%, AT 32,300.64

7. U.S. CDC REPORTS TOTAL NOVEL CORONAVIRUS CASES OF 28,992,598 AS OF YESTERDAY VS 28,937,762 IN PREVIOUS REPORT ON MAR. 9☀️U.S. CDC REPORTS TOTAL DEATHS OF 526,213 DUE TO CORONAVIRUS AS OF YESTERDAY VS 524,695 IN PREVIOUS REPORT ON MAR. 9

8. JAPAN (FEB) PPI (MOM) ACTUAL: 0.4% VS 0.4% PREVIOUS;EST 0.5%

9. MAHARASHTRA HAS SHOWN A WORRISOME TREND. THE MUTANT STRAIN HAS NOT BEEN FOUND INCRIMINATING IN THIS SURGE IN CASES. IT IS JUST RELATED TO REDUCED TESTING, TRACKING & TRACING AND COVID INAPPROPRIATE BEHAVIOUR AND LARGE CONGREGATIONS: ICMR DG DR BALRAM BHARGAVA☀️WE ARE VERY WORRIED ABOUT MAHARASHTRA. THIS IS A SERIOUS MATTER. THIS HAS TWO LESSONS- DON'T TAKE THE VIRUS FOR GRANTED AND IF WE HAVE TO REMAIN COVID FREE, THEN, WE NEED TO FOLLOW COVID APPROPRIATE BEHAVIOUR: DR VK PAUL, MEMBER (HEALTH), NITI AAYOG

10. SEBI HAS FORMED A GROUP OF EXPERTS TO EXAMINE THE FEASIBILITY OF INTRODUCING SPECIAL PURPOSE ACQUISITION COMPANIES SPACS LIKE STRUCTURES IN INDIA, SOURCES SAID ON THURSDAY

11. INFOSYS: INFOSYS BPM, NEWMONT EXTEND STRATEGIC TIE UP || TIE UP EXTENSION OF 5 YRS

Wednesday, March 10, 2021

Today's viral updates 10-3-2021

Viral Update
Saudi Arabia’s oil hawkishness is forcing India to look for other sources
Elon Musk sets a new record. His wealth jumps $25 billion in just one day
Paytm will become a full stack financial services group in next few years
New vehicle registrations down by 13.43% in February 2021
Why investors are favouring stocks over mutual funds
BPCL tanks 6% after BPCL Trust offloads up to 7% stake in firm
Life insurance companies see 21% rise in new business premium to Rs 22,425 crore in February
Craftsman Automation to launch IPO on March 15, price band fixed at Rs 1,488-1,490

today's stocks in news

1.
WELSPUN ENTERPRISES: CO EMPANELLED BY UP STATE WATER AND SANITATION MISSION FOR EXECUTION OF EPC PROJECTS II CO ESTIMATED AGGREGATE CONTRACT VALUE OF PROJECT IS 25B RUPEES

2.MAHINDRA & MAHINDRA: CO HAS FIRED AROUND 300 MANAGEMENT EXECUTIVES SINCE THE START OF THIS CALENDAR YEAR AS THE SLOWDOWN IN THE DOMESTIC AUTOMOTIVE INDUSTRY EXACERBATED, WITH THE PANDEMIC TAKING ITS TOLL

3. Pledge Share Details

🌟Max Financial Services: Promoter Max Ventures Investment Holdings revoked pledge of 14.77 lakh shares between March 4-5.

🌟Jindal Steel & Power: Promoter OPJ Trading revoked pledge of 8.80 lakh shares on March 8.

🌟Adani Transmission: Promoter Adani Tradeline LLP revoked pledge of 4.29 lakh shares on March 8.

4.INTELLECT DESIGN: VIETCOMBANK LAUNCHES VCB CASHUP POWERED BY IGTB’S PAYMENTS AND CASH MANAGEMENT TO DIGITALLY TRANSFORM WHOLESALE BANKING SERVICES AND ACCELERATE VIETNAM’S DIGITAL ECONOMY 2025 ROADMAP

5. INFY: PROMOTER GROUP ACQUIRED 7,77,600 SHARES OR 0.018% OF EQUITY ON 9TH MARCH

6. JK TYRES: APOLLO TYRES AND JK TYRES ARE SAID TO BE MULLING PRICE HIKES FROM MARCH

7. INDIA TELECOM MINISTER: MERGER OF MTNL WITH BSNL DEFERRED DUE TO FINANCIAL REASONS INCLUDING HIGH DEBT OF MTNL || UNDERTAKEN CLOSE COOPERATION, SERVICE INTEGRATION BETWEEN BSNL, MTNL

8. SHRIRAM EPC: CO APPROVED ISSUE OF REDEEMABLE NON-CONVERTIBLE PREFERENCE SHARES TO LENDERS UPTO 3.50B RUPEES

9. DR REDDYS: SPUTNIK WILL GIVE THEIR PHASE 3 TRIALS RESULTS TOMORROW: TV CITING COGENCIS

10. European Stock Markets Are Expected To Open Lower Today, As Markets Lose Momentum Seen Earlier In The Week Following A Rally On Wall Street. European Futures DAX (-0.04%), CAC (-0.11%), FTSE (-0.65%)

11. IEX: CO HAS EXECUTED TWO SEPARATE SHARE PURCHASE AND SHAREHOLDERS AGREEMENTS,FOR SALE OF EQUITY SHARES HELD BY THE CO IN ITS SUBSIDIARY, NAMELY, INDIAN GAS EXCHANGE☀️IEX: ONGC SAID TO TAKE 5% STAKE IN IGX SUBSIDIARY OF IEX

12. IDBI BANK: GOVT IS LIKELY TO OFFER ITS IDBI BANK STAKE ALONG WITH LICINDIAFOREVER’S STAKE TO PRIVATE PLAYERS - ET NOW


13. SUN PHARMA: CO UNIT TO ACQUIRE BY WAY OF ALLOTMENT OF 428,571 ORDINARY SHARES OF WRS BIOPRODUCTS || CO UNIT HAS ACQUIRED, ON 10TH MARCH 12.5% FULLY DILUTED EQUITY STAKE OF WRS BIOPRODUCTS BY MAKING THE PAYMENT OF AUD 2M

14. DR REDDY'S: CO SAYS AUDIT OF OUR API MANUFACTURING PLANT AT MIDDLEBURG, NEW YORK HAS BEEN COMPLETED BY THE US FDA. WE HAVE BEEN ISSUED A FORM 483 WITH 3 OBSERVATIONS

15. INDIA SPECIAL SECRETARY: LOGISTICS POLICY IN FINAL STAGE, WILL SOON SEEK CABINET NOD

16. INDIA SPECIAL SECRETARY: LOGISTICS POLICY IN FINAL STAGE, WILL SOON SEEK CABINET NOD

Details view of market in upcoming days (18-03-2024)

  We will look for multi time frame analysis on nifty for upcoming view Nifty on DAILY timeframe Forming  rising wedge chart and inside bar ...