[vc_row][vc_column][vc_column_text]
Stocks in the news (15
September 2020):
Reliance Industries
(RIL): As per a Bloomberg report, Reliance Industries has kept few leading
private investors such as Carlyle Group Inc and SoftBank Group Corp onto a
waiting list as it has a high demand for investment interest into its retail business.
Steel Authority of
India Ltd (SAIL) reported a consolidated net loss of Rs 1,226.47 crore for
the Q1FY21, primarily on account of reduced income. The company had posted Rs
102.68 crore net profit in the Q1FY20.
Omaxe reported loss at Rs 63.9 crore in Q1FY21
against profit of Rs 14.9 crore in Q1FY20, revenue dropped to Rs 50.7 crore
versus Rs 353 crore YoY.
Apollo Hospital
reported consolidated loss before tax of Rs 267 crore in the Q1FY21, against
profit before tax of Rs 94.4 crore, a year ago. Net loss during the quarter was
Rs 208 crore, compared to a profit of Rs 57.2 crore, last year. Revenue fell to
Rs 2,171.5 crore versus Rs 2,571.9 crore YoY.
BSE – As per NSE bulk
deal data, Acacia Banyan Partners and Acacia Conservation Fund LP have bought a
total of 7,49,380 shares at an average price of Rs 549 apiece.
SREI Infrastructure
Finance reported profit at Rs 23 crore in Q1FY21 against profit Rs 42.67
crore in Q1FY20, revenue fell to Rs 1,188.6 crore against Rs 1,582.6 crore YoY.
Strides Pharma –
On Monday it had announced that it is investing in SteriScience Pharma
(‘SteriScience’) to make it the Company’s dedicated arm for global sterile
injectables business. The company will invest Rs 135 crore over the next 24
months
NBCC posted a 80% decline in its consolidated net
profit at Rs 10.28 crore for the quarter ended June. The company’s net profit
stood at Rs 51.46 crore in the year-ago period. Revenue fell to Rs 684.5 crore
versus Rs 1,890 crore YoY.
ICICI Bank said
it has got exemption from paring stake in its life and non-life subsidiaries to
30% for a period of three years.
HUDCO reported
profit at Rs 203.4 crore in Q1FY21 against profit Rs 335.6 crore for the same
period year ago, and revenue declined to Rs 1,773.9 crore from Rs 1,806.5 crore
YoY.
Greenply Industries
– Jwalamukhi Investment Holdings offloaded 7,13,108 shares in at Rs 90.5 per
share.
PSBs – The Union
government sought to issue Rs 20,000 crore of bonds for recapitalisation of state-owned
banks in the fourth quarter of the fiscal year.
[/vc_column_text][vc_column_text]
Disclosure:
EZ Wealth is a Stock Broker registered with BSE, NSE and MSEI in all the major segments viz. Cash, F&O and CDS segments. EZ Wealth is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, EZ Wealth is a SEBI registered Portfolio Manager. EZ Wealth is a step-down subsidiary of Wealth Discovery Securities Pvt. Ltd (referred as ‘WDSPL’ hereafter).
This report is not to be altered, transmitted, reproduced, copied, redistributed, uploaded, published or made available to others, in any form, in whole or in part, for any purpose without prior written permission from EZ Wealth.
The projections and the forecasts described in this report are based on estimates and assumptions and are inherently subject to significant uncertainties and contingencies. Projections and forecasts are necessarily speculative in nature, and it can be expected that one or more of the estimates on which the projections are forecasts were based may not materialize or may vary significantly from actual results and such variations will likely increase over the period of time. The recipients should consider and independently evaluate whether it is suitable for its/ his/ her/their particular circumstances and if necessary, seek professional / financial advice as there is substantial risk of loss. EZ Wealth does not take any responsibility thereof. Any such recipient shall be responsible for conducting his/her/its/their own investigation and analysis of the information contained or referred to in this report and of evaluating the merits and risks involved in securities forming the subject matter of this report. The price and value of the investment referred to in this report and income from them may go up as well as down, and investors may realize profit/loss
This report has been prepared by EZ Wealth and published in accordance with the provisions of Regulation 19 of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014, for use by the recipient as information only and is not for general circulation or public distribution. The solicitation of an offer to buy, purchase or subscribe to any securities, and neither this report nor anything contained therein shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. It does not constitute a personal recommendation or take into account the particular investment objective, financial situation or needs of any individual in particular. The research analysts of EZ Wealth have adhered to the code of conduct under Regulation 24 (2) of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014. The recipients of this report must make their own investment decisions, based on their own investment objectives, financial situation or needs and other factors. Past performance is not a guide for future performance. Actual results may differ materially from those set forth in the projection. This report has been prepared by EZ Wealth based on the information available in the public domain and other public sources believed to be reliable. Though utmost care has been taken to ensure its accuracy and completeness, no representation or warranty, express or implied is made by EZ Wealth that such information is accurate or complete and/or is independently verified.
The contents of this report represent the assumptions and projections of EZ Wealth and EZ Wealth does not guarantee the accuracy or reliability of any projection, assurances or advice made herein. Nothing in this report constitutes investment, legal, accounting and/or tax advice or representation that any investment or strategy is suitable or appropriate to recipients’ specific circumstances. Since EZ Wealth or its associates are engaged in various financial activities, they might have financial interest or beneficial ownership in various companies including subject company/companies mentioned in the report. EZ Wealth or its associates have not received any compensation for investment any compensation including brokerage services and for products or services other than investment banking or merchant banking from the subject company in the past 12 months. It is confirmed that EZ Wealth or research analyst or its associates have not managed or co-managed public offering of securities for the subject company in the past 12 months.
Research analyst or EZ Wealth or its relatives’/associates’ have no material conflict of interest at the time of publication of this report. Neither research analyst nor EZ Wealth are engaged in market making activity for the subject company. It is confirmed that research analysts do not serve as an officer or director. No material disciplinary action has been taken on EZ Wealth by any regulatory authority impacting Equity Research Analysis activities. The views contained in this document are those of the analyst, and the company may or may not subscribe to all the views expressed within. This information is subject to change, as per applicable law, without any prior notice. EZ Wealth reserves the right to make modifications and alternations to this statement, as may be required, from time to time. Research analyst or EZ Wealth or its actual/beneficiary ownership of 1% depends from case of case. It is also confirmed that research analysts have not received any compensation from the subject company in the past 12 months.
WDSPL registered address: 1206, 12th Floor, Kailash Building K.G. Marg.
Connaught Place New Delhi-110001
Tel No: 91 +11-43444-666 | 91 +11-43444-623 |
Wealth Discovery Securities Pvt Ltd – CIN: U74999DL2010PTC211626
Wealth Discovery Commodity Pvt Ltd – CIN: U74999DL2011PTC213264
SEBI-NSE-INB/F/E231435737,BSE-INB011435733/INF011435833, DP-IN-DP-CDSL-679-2013 SEBI- REG.NO- MCX & NCDEX – INZ000015731
[/vc_column_text][/vc_column][/vc_row]