Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com | Want to beat the stock market volatility? Just keep on reading this exclusive blog by Sharetipsinfo which will cover topics related to stock market, share trading, Indian stock market, commodity trading, equity trading, future and options trading, options trading, nse, bse, mcx, forex and stock tips. Indian stock market traders can get share tips covering cash tips, future tips, commodity tips, nifty tips and option trading tips and forex international traders can get forex signals covering currency signals, shares signals, indices signals and commodity signals.

What should investors do with RIL post Q4 earnings; buy, sell or hold?

3. May 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

RIL reported a consolidated net profit of Rs 13,227 crore for the quarter ended March 2021, up 108.4 percent from the year-ago period amid significant growth in Jio and recovery in retail segments. The company has also announced a dividend of Rs 7 per share.

Reliance Industries (RIL) share price fell more than 2 percent in the early trade on May 3 even after the oil-to-telecom major on April 30 reported a consolidated net profit of Rs 13,227 crore for the quarter ended March 2021 (Q4FY21), up 108.4 percent year-on-year amid significant growth in Jio and recovery in retail segments.

Consolidated revenue from operations stood at Rs 1,54,896 crore, up 11 percent YoY, while the sequential increase in topline was at 24.9 percent.

The oil-to-chemical (O2C) business revenue grew by 20.6 percent sequentially to Rs 1,01,080 crore.

Jio Platforms recorded a 47.5 percent year-on-year (half a percent QoQ) growth in consolidated profit at Rs 3,508 crore and Reliance Retail's net profit for the quarter was Rs 2,247 crore, up 45 percent YoY and 23 percent QoQ.

The company also announced a dividend of Rs 7 per share.

Also Read:- M-cap of seven of top-10 most-valued companies jumps a whopping over Rs 1.62 lakh crore

Here is what brokerages have to say about the stock and company after the March earnings:

Sharekhan | Rating: Buy | Target: Rs 2,400

We maintain our FY2022-FY2023 earnings estimates as we expect strong earnings recovery led by higher downstream margins (especially petrochemical side) and sustained strong performance by consumer-centric business (retail and Jio led by the ramp-up of new revenue streams - home and enterprise broadband, and expansion of new commerce initiative).

Overall, we expect RIL’s PAT to clock a strong 30 percent CAGR over FY2021-FY2023E. Potential carving out of the O2C segment as a separate wholly-owned subsidiary (NCLT approval expected by Q2FY2022) is a key near-term catalyst for RIL. The move will facilitate strategic partnership with global players and drive value unlocking for RIL.

Prabhudas Lilladher | Rating: Buy | Target: Rs 2,256

We increase our FY22/23E EBIDTA estimates by around 3 percent to factor in faster E&P volume ramp up but higher depreciation and other minor changes lead to EPS cut of 2 percent and 6 percent, respectively. Recovering global economy aided by expanding vaccination coverage will help drive demand (albeit near-term challenges in domestic market) and augur well for RIL’s all business segments.

With stated intention to monetise and forge global partnership across businesses, RIL is well positioned to incubate new business and pursue inorganic opportunities, given its liquid balance sheet. We believe positive news flow on global partnerships or stake sale will likely keep valuations at an elevated level.

Motilal Oswal | Rating: Buy | Target: Rs 2,195

Using SOTP, we value the O2C business at FY23E EV/EBITDA of 7.5x, arriving at a valuation of Rs 713 a share for the standalone business and add Rs 61 for the E&P assets.

We ascribe an equity valuation of a) Rs 755 a share to RJio on FY23E 18x EV/EBITDA and b) Rs 670 a share to Reliance Retail on FY23E 31x EV/EBITDA, factoring in the recent stake sale.

Morgan Stanley | Rating: Overweight | Target: Rs 2,262

The multi-year upcycle in refining and petrochemicals will raise investor confidence. The recovery in telecom nets adds and a rise in gas production will raise investor confidence.

The FY20-23 earnings CAGR seen at 23 percent, while asset monetization and e-commerce ramp-up should also drive outperformance.

Credit Suisse | Rating: Neutral | Target: Rs 1,930

There was a strong rebound in retail, O2C, and Jio EBITDA now fully reflects price increase benefit outlook. However, weak retail in Q1FY22 as footfalls are 35 percent of pre-COVID.

Jio EBITDA growth will depend on subscriber addition till further price hikes. Lift FY22/FY23 EPS estimate by 3 percent to build in strong O2C spread.

Nomura | Rating: Buy | Target: Rs 2,400

The Q4 was good operationally, with the key beat on retail. On the energy front, the O2C earnings recover further, while Jio was largely in line, with higher net adds offsetting lower ARPU. However, there was a better-than-expected recovery in retail.

Jefferies | Rating: Buy | Target: Rs 2,580

The Q4 EBITDA rose 7 percent YoY, driven by Jio and retail. Jio's 3x sequential jump in net subscriber additions and positive FY21 were the key highlights.

The net debt was flat QoQ and Jio turning FCF positive lowers our FY22 net debt estimate. Cut FY22 EPS estimate by 2 percent but kept FY23 broadly unchanged.

Macquarie | Rating: Underperform | Target: Rs 1,350

O2C margin and Jio subs additions were the better things from the results, while Jio ARPU compression was a miss. The consensus now estimates core EPS to rise 50 percent by FY23 versus our forecast of 10 percent.

At 0920 hours, Reliance Industries was quoting at Rs 1,957.20, down Rs 37.25, or 1.87 percent, on the BSE. The share touched a 52-week high of Rs 2,368.80 on September 16, 2020, and a 52-week low of Rs 1,393.65 on May 20, 2020. It is trading 17.38 percent below its 52-week high and 40.44 percent above its 52-week low.

Get Share Market tips With High Accuracy

M-cap of seven of top-10 most-valued companies jumps a whopping over Rs 1.62 lakh crore

2. May 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

While Reliance Industries, Infosys, Hindustan Unilever Limited, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance, and State Bank of India emerged as gainers, Tata Consultancy Services, HDFC Bank, and HDFC took losses in their market capitalization (m-cap).

Seven of the top-10 most-valued companies together added a whopping Rs 1,62,774.49 crore in market valuation last week, with major contributions coming in from Reliance Industries Ltd and Bajaj Finance.

Last week, the 30-share BSE benchmark gained 903.91 points or 1.88 percent.

While Reliance Industries, Infosys, Hindustan Unilever Limited, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance, and State Bank of India emerged as gainers, Tata Consultancy Services, HDFC Bank, and HDFC took losses in their market capitalization (m-cap).

The valuation of RIL jumped Rs 57,086.67 crore to reach Rs 12,64,369.99 crore.

Bajaj Finance''s market capitalisation zoomed Rs 47,526.08 crore to Rs 3,28,639.08 crore.

ICICI Bank added Rs 21,033.34 crore taking its valuation to Rs 4,15,348.35 crore and State Bank of India witnessed a rally of Rs 15,171.83 crore to reach the market capitalization of Rs 3,15,440.39 crore.

The market capitalization of Hindustan Unilever gained Rs 10,761.02 crore to Rs 5,53,053.02 crore and that of Infosys went higher by Rs 8,559.71 crore to Rs 5,76,867.96 crore.

Kotak Mahindra Bank added Rs 2,635.84 crore to Rs 3,46,543.78 crore in its valuation.

In contrast, the valuation of Tata Consultancy Services declined by Rs 26,411.23 crore to Rs 11,23,919.77 crore.

HDFC''s valuation dipped Rs 13,917.44 crore to Rs 4,36,582.10 crore and that of HDFC Bank eroded by Rs 821.01 crore to Rs 7,78,850.97 crore.

The top-10 most-valued companies'' list had Reliance Industries at the lead followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance Limited, and State Bank of India.

Movers & Shakers | Top 10 stocks that moved the most last week

2. May 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

On the sectoral front, the Nifty metal index rose 9 percent, the Nifty PSU bank index rose 4.5 percent and the Nifty infra index added 3 percent. The Sensex and the Nifty ended the week 2 percent higher.

Indian benchmark indices ended with 2 percent gain in the week ended April 30 especially on the back decent earnings performance from the Indian Inc. Last week, BSE Sensex added 903.91 points, or 1.88 percent, to close at 48,782.36 and while the Nifty50 rose 289.75 points, or 2 percent, to end at 14,631.1 levels.

Benchmark indices ended 2 percent higher in the week ended April 30 on the back of decent earnings performance from the Indian Inc. The BSE Sensex added 903.91 points, or 1.88 percent, to close at 48,782.36 and while the Nifty50 rose 289.75 points, or 2 percent, to end at 14,631.1 levels.

Britannia Industries | Britannia Industries' share price shed more than 5 percent as the company reported a 3.3 percent fall in the consolidated profit at Rs 360.1 crore compared to Rs 372.3 crore. Consolidated revenue from operations grew by 9.2 percent year-on-year to Rs 3,130.7 crore in Q4FY21.

HDFC Life Insurance Company | The share price fell 3 percent despite the company posting a 2.3 percent year-on-year (YoY) rise in its March quarter consolidated net profit at Rs 319.06 crore. During the quarter, the life insurer collected new premiums of Rs 434.47 crore as against Rs 298.40 crore in the year-ago period. HDFC Life sold about 9.8 lakh new individual policies in the quarter, registering a YoY growth of 10 percent in FY21.

Bajaj Finance | The share rose 17 percent after the company reported a 42 percent YoY increase in the March quarter profit at Rs 1,347 crore versus Rs 948.1 crore. Gross NPA declined to 1.79 percent and net NPA also dropped to 0.75 percent. The board has recommended a dividend of Rs 10 per equity share of the face value of Rs 2 for FY21.

Bajaj Finserv | Bajaj Finserv share price added 11 percent after it reported a five-fold jump in the March quarter consolidated profit at Rs 979 crore against Rs 194 crore in the same quarter last year. The company reported a 15.7 percent growth in the topline at Rs 15,387 crore.

IndusInd Bank | The share price rose 9 percent as the private lender reported a 190.2 percent year-on-year (YoY) spike in its standalone net profit at Rs 875.95 crore for the quarter ended March 2021. Net interest income (NII) grew by 9.4 percent to Rs 3,534.61 crore for the quarter against Rs 3,231.19 crore.

Axis Bank | The share price rose 6 percent after the private sector lender posted a net profit of Rs 2,677 crore for the quarter ended March 2021 against a loss of Rs 1,387.8 crore in the year-ago period. Net interest income grew 11 percent to Rs 7,555 crore in Q4FY21 compared to Rs 6,807.7 crore in Q4FY20. Its deposits grew by 10 percent. The gross non-performing assets increased to 3.70 percent and net NPA climbed to 1.05 percent.

ICICI Bank | ICICI Bank share price added 5 percent as private sector lender clocked a 260.5 percent year-on-year (YoY) growth in standalone profit at Rs 4,402.61 crore for the quarter ended March 2021. Net interest income grew by 16.9 percent to Rs 10,431.13 crore in Q4FY21 compared to Rs 8,926.9 crore in the year-ago period.

TVS Motor Company | The share price surged 18 percent after the company reported around a four-fold jump in its consolidated net profit at Rs 319.19 crore for the fourth quarter ended March 31, 2021. Revenue from operations rose to Rs 6,131.90 crore from Rs 4,104.71 crore.

Mastek | The share price jumped 19 percent after the company posted a 94.4 percent YoY jump in its fourth-quarter net profit at Rs 75.7 crore against Rs 38.9 crore, while revenue rose 43.5 percent at Rs 483.2 crore against Rs 336.7 crore.

Snowman Logistics | The share price shed 8 percent after the company posted a loss of Rs 0.42 crore in Q4 against a profit of Rs 1.42 crore, while revenue was up at Rs 64.11 crore as against Rs 60.17 crores, QoQ.

GST revenue collection for April hits new record high of Rs 1,41,384 crore

1. May 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Out of this Rs 1,41,384 crore, CGST is Rs 27,837 crore, SGST is Rs 35,621 and IGST is Rs 68,481 crore, as per the press note released by the government.

The gross Goods and Services Tax (GST) revenue collected in the month of April 2021 was at a record high of Rs 1,41,384 crore, of which CGST is Rs 27,837 crore, SGST is Rs 35,621,IGST is Rs 68,481 crore, as per the press note released by the government.

Collections in April 2021 have surpassed even those of March.

"In line with the trend of recovery in the GST revenues over past six months, the revenues for the month of April 2021 are 14 percent higher than the GST revenues in the last month of March’2021," the note read.

During this month, the revenues from domestic transactions including import of services were up 21 percent than the revenue from these sources last month.

India's forex reserves rise $1.701 billion to $584.107 billion

1. May 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

In the reporting week ended April 23, 2021, the rise in reserves was on account of an increase in foreign currency assets (FCAs), a major component of the overall reserves.

The country's foreign exchange reserves increased by $1.701 billion to $584.107 billion in the week ended April 23, 2021, RBI data showed

In the previous week ended April 16, 2021, the reserves had risen by $1.193 billion to $582.406 billion. The reserves had touched a lifetime high of $590.185 billion in the week ended January 29, 2021.

In the reporting week ended April 23, 2021, the rise in reserves was on account of an increase in foreign currency assets (FCAs), a major component of the overall reserves.

FCA rose by $1.062 billion to $541.647 billion, the Reserve Bank of India's (RBI) weekly data showed.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves.

Gold reserves increased by $615 million to $35.969 billion in the reporting week, according to the RBI data.

The special drawing rights (SDRs) with the International Monetary Fund (IMF) were up by $7 million to $1.505 billion in the reporting week.

The country's reserve position with the IMF rose by $18 million to $4.987 billion in the reporting week, the data showed.

Share Market Closing Note

30. April 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Sensex plummets 984 points on bank selloff, weak global cues; Nifty snaps 4-day winning run, ends at 14,631; HDFC twins tank 4% each

--------------------------------------------------------------------------------------------

Topic :- Time:3.00 PM

RELIANCE Result and Election outcome are due. So traders are advised to avoid open short positions for the next trading session and use this fall as an opportunity to go long in the market.

Nifty spot if holds above 14640 on closing basis then expect some pullback in the market in coming sessions and if it closes below above-mentioned level then some sluggish movement is further expected.

--------------------------------------------------------------------------------------------

Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 4770. If it breaks and trades below the 4765 levels then expect some further decline in it and if it manages to trade and sustain above the 4785 levels then some pullback can be seen in it.

--------------------------------------------------------------------------------------------

Topic :- Time:2.10 PM

Nifty slides from its higher level. Nifty spot if breaks and trade below 14680 level then expect some further decline in the market and if it manages to trade and sustain above 14720 levels then some upmove can be seen in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:1.30 PM

GOLD Trading View:

GOLD is trading at 46744. If it manages to trade and sustain above 46820 levels then some upmove can be seen in it and if it holds below the above-mentioned level then some bearish trend is expected in this bullion.

--------------------------------------------------------------------------------------------

Topic :- Time:1.20 PM

Nifty is declining from higher levels. Nifty spot if breaks and trade below 14740 level then some decline can be seen in the market and if it manages to trade and sustain above 14800 levels then some upmove can follow in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:12.50 PM

Just In:

Ambuja Cements reports standalone profit at Rs 665 crore.

--------------------------------------------------------------------------------------------

Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 757.80. If it manages to trade and sustain above 758 level then some upmove can be seen and if it breaks and trades below 756 level then some decline can be seen in it.

--------------------------------------------------------------------------------------------

Topic :- Time:12.10 PM

Nifty is rangebound. Wait for movement before taking big positions.

--------------------------------------------------------------------------------------------

Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex drops 400 pts; metal, IT stocks outperform

2. Wipro share price hits 52-week high on revised Q1 FY22 growth guidance

3. Coronavirus India NewsUpdates: India sees record high of 3.86 lakh new cases, 3,498 deaths

4. Auto firms to halt production for up to 15 days amid a raging second wave

5. New Sebi norms on compensation: Mutual fund houses fear losing talent

6. Sebi gives India Inc more time to report earnings amid second Covid-19 wave

7. Info Edges early investment in Zomato set to deliver sweet returns

8. RIL to announce Q4 numbers today: Revenue expected to grow in double digits

--------------------------------------------------------------------------------------------

Topic :- Time:11.00 AM

Nifty is quite rangebound. Nifty spot if manages to trade and sustain above 14780 levels then some decline can be seen in the market and if it manages to trade and sustain above 14820 levels then some upmove can follow however 14850 levels will act as immediate resistance for it.

--------------------------------------------------------------------------------------------

Topic :- Time:10.10 AM

After a negative opening nifty is showing some recovery however it is trading in red zone only. Nifty spot if breaks and trade below 14780 level then expect some further decline in the market and if it manages to trade and sustain above 14820 level then some pullback can follow.

Results Today:

ATUL, CanFin Home, Indian Hotel, IndusInd Bank, Marico, Reliance Ind, Trent, Yes Bank

--------------------------------------------------------------------------------------------

Topic:- Nifty Opening Bell

Indian Stock Market Trading View For 30 April 2021:

Geopolitical development will have an impact on the market along with global cues. Good stock-specific action is expected in the Indian share market.

April F&O series is over and now it's time for May Series. Nifty spot if manages to trade and sustain above 14950 levels then expect some quick up move in the market and if it breaks and trade below 14840 levels then some decline can be observed in the Nifty. Please note this is just an opening view and should not be considered as the view for the whole day.

--------------------------------------------------------------------------------------------

Insurers will now have to authorise COVID-19 cashless claims within 60 minutes

30. April 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

A Delhi High Court order dated April 28 directed IRDAI to advise insurers to communicate their cashless approvals to hospitals within 30-60 minutes.

Representative image: By sfam_photo via Shutterstock

Insurers will now have to approve cashless claims related to COVID-19 hospitalization within 60 minutes of receipt of required documents.

Insurance regulator IRDAI has directed insurers to inform hospitals about the authorization of cashless claims within one hour for COVID-19 cases. At present, insurers can take up to two hours to make a decision.

This decision has been taken after a Delhi High Court order directed the Insurance Regulatory and Development Authority of India (IRDAI) to ensure insurers make cashless decisions quickly.

A Delhi High Court order dated April 28 directed IRDAI to advise insurers to communicate their cashless approvals to hospitals within 30-60 minutes. This was to ensure that there is no delay in the discharge of patients and hospital beds do not remain unoccupied.

Cashless treatment refers to a feature in medical insurance policies where the customer is not required to pay any cash, and the bills are directly settled between the hospital and the insurer.

Decision on the final discharge of patients covered in COVID-19 claims also be communicated to the hospital within one hour of the receipt of the final bill.

had reported earlier that finance minister Nirmala Sitharaman has asked the Insurance Regulatory and Development Authority of India (IRDAI) to direct companies to prioritize COVID-19 claims.

Sitharaman had also said reports about some hospitals denying cashless insurance are being received.

As of April 20, there were 900,000 COVID-19 health claims worth Rs 8,642 crore settled by insurance companies. General insurers have received health insurance claims pertaining to Coronavirus treatment worth close to Rs 15,000 crore, according to the General Insurance Council data.

There has been a constant tussle between hospitals and insurers on COVID-19 hospitalization rates.

FinMin relaxes COVID-relief material import norms for Indian Red Cross

29. April 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

In instruction to field offices, the Central Board of Indirect Taxes and Customs (CBIC) said in the wake of the extraordinary situation arising out of the COVID pandemic, the issue of providing seamless clearance to such relief material received from foreign governments and imported by the Indian Red Cross Society was discussed in a meeting chaired by the Cabinet Secretary on April 27.

The Finance Ministry has waived permissions required from any government departments for customs clearance of COVID-related relief material imported by the Indian Red Cross Society.

In instruction to field offices, the Central Board of Indirect Taxes and Customs (CBIC) said in the wake of the extraordinary situation arising out of the COVID pandemic, the issue of providing seamless clearance to such relief material received from foreign governments and imported by the Indian Red Cross Society was discussed in a meeting chaired by the Cabinet Secretary on April 27.

It was decided that in all cases of COVID related imports facilitated by the Ministry of External Affairs and/ or imported by Indian Red Cross Society, permissions/licenses/authorizations required from other Government Department/Agencies prior to the clearance of goods, if any, would be deemed to have been given.

In other words, such cases need not be referred to those agencies or the requirement may be suitably waived, the CBIC said.

The CBIC, which is the apex body in Customs duty and clearance matters, also asked field offices to give the highest priority to these consignments and facilitate their clearance in the shortest possible time.

The indirect tax body also noted that donations of COVID-related material and medicines from foreign governments, besides oxygen and related equipment, have also started arriving at Indian ports.

The government last week waived customs duty on the import of COVID vaccines as well as medical-grade oxygen and related equipment as the nation battles its worst health crisis with a "tsunami” of infections setting a new world record for cases.

In its fight against COVID, it had also waived customs duty on imported Remdesivir injections and the drug’s active pharmaceutical ingredients (API) to boost supplies.

The CBIC had directed customs officers to clear all import consignments, including life-saving drugs and oxygen equipment, used in COVID treatment on the highest priority.

AMRG & Associates Senior Partner Rajat Mohan said High priority Customs clearance coupled with a recent exemption for import duties on COVID-related relief material would strengthen the fight of a commoner against the pandemic. India reported a record of 3,60,960 new infections on Wednesday, bringing its total to over 1.79 crores. Deaths also rose by a record 3,293 to 2,01,187.

Get Stock Market Tips With High Accuracy

Share Market Closing Note

28. April 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Benchmark indices ended higher for the third straight session on April 28 with Nifty above 14800.

At close, the Sensex was up 789.70 points or 1.61% at 49733.84, and the Nifty was up 211.50 points or 1.44% at 14864.50. About 1730 shares have advanced, 1180 shares declined, and 170 shares are unchanged.

Bajaj Finance, IndusInd Bank, Eicher Motors, Bajaj Finserv, and Kotak Mahindra Bank were among top gainers on Nifty, while losers were Britannia Industries, Hindalco Industries, Nestle, Divis Labs, and HDFC Life.

Except for metal and pharma, all other sectoral indices ended in the green. BSE Midcap and Smallcap indices rose 0.7-1 percent.

--------------------------------------------------------------------------------------------

Topic :- Time:3.00 PM

A nifty spot close above 14840 levels then expects some further up move in coming sessions and if it closes below above-mentioned level then some sluggish movement is possible in the market. Avoid open positions for tomorrow.

--------------------------------------------------------------------------------------------

Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 4694. If it manages to hold above 4680 levels then expect some pullback in it and if it breaks and trades below 4680 levels then some decline can further follow in it.

--------------------------------------------------------------------------------------------

Topic :- Time:2.00 PM

Nifty is still going well. Nifty spot if manages to trade and sustain above 14880 levels then expect some further up move in the market and if it breaks and trade below 14840 levels then some decline can be seen in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:1.25 PM

Just In:

Goa could be staring at another tourism crisis.

--------------------------------------------------------------------------------------------

Topic :- Time:1.10 PM

Just In:

Indias second COVID-19 wave may impede economic recovery: S&P

--------------------------------------------------------------------------------------------

Topic :- Time:1.00 PM

Nifty is showing good momentum however selling from higher levels can be seen so a cautious approach is required as of now. Nifty spot if manages to trade and sustain above 14860 levels then some further up move can be seen in the market and if it breaks and trade below 14820 levels then some decline can be seen in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:12.30 PM

GOLD Trading View:

GOLD is trading at 46950. If it breaks and trades below the 46900 levels then expect some decline in it and if it manages to trade and sustain above the 46980 levels then some upmove can be seen in GOLD.

--------------------------------------------------------------------------------------------

Topic :- Time:12.10 PM

Nifty is still going strong. Nifty spot if manages to trade and sustain above 14800 levels then some upmove can be seen in the market and if it breaks and trade below 14760 levels then some decline can follow in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:10.30 AM

COPPER Trading View:

COPPER is trading at 751.70.If it breaks and trade below 751.00 level then some decline can be seen in it and if it manages to trade and sustain above 752.20 level then some upmove can follow in it.

--------------------------------------------------------------------------------------------

Topic :- Time:10.10 AM

After a positive opening nifty is still trading in the green zone. Nifty spot if manages to trade and sustain above 14780 level then expect some upmove and if it breaks and trade below 14740 levels then some decline can be seen in the market.

-------------------------------------------------------------------------------------------

Topic:- Nifty Opening Note

Indian Stock Market Trading View For 28 April 2021:

Nifty to trade volatile and is likely to follow global cues.

Gap up opening expected. Nifty spot if manages to trade and sustain above 14740 levels then expect some upmove and if it breaks and trade below 14600 levels then some decline can be seen in the market. Please note this is just an opening view and should not be considered as the view for the whole day.--------------------------------------------------------------------------------------------

Get Share Trading Tips From Sharetipsinfo

What should investors do with Axis Bank after Q4 results: buy, sell or hold?

28. April 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Net interest income grew 11 percent to Rs 7,555 crore in Q4 FY21 compared to Rs 6,807.7 crore in Q4 FY20.

Axis Bank share price rose nearly 2 percent in early trade on April 28 after the company reported strong numbers for the quarter ended March 2021.

The private sector lender posted a net profit of Rs 2,677 crore for the quarter ended March 2021 following a sharp decline in bad loan provisions. The bank reported a loss of Rs 1,387.8 crore in the year-ago period.

Net interest income, the difference between interest earned and interest expended, grew 11 percent to Rs 7,555 crore in Q4 FY21 compared to Rs 6,807.7 crore in Q4 FY20, with net interest margin expanding 1 basis point YoY to 3.56 percent at the end of March 2021.

Here is what brokerages have to say about the stock and company after Q4 earnings:

Read Also:- Indian Stock Market Tips

Macquarie | Rating: Outperform | Target: Rs 780

Strong provisioning, capital & liquidity buffers give us comfort and confidence of credit costs normalizing over the next two years. The core P/BV at 1.5x FY23e is cheap.

Jefferies | Rating: Buy | Target: Raised to Rs 910 from Rs 840

The profit was ahead of estimate with lower provisions & higher treasury, while operating profit growth was weaker than peers, reflecting slower loan growth.

The uptick in disbursements & healthy CASA growth will lift loan growth. The slippages were a tad higher than estimates but manageable. COVID provisions at 1.4% offer cushion & lower credit cost will lift the RoA.

Credit Suisse | Rating: Outperform | Target: Raised to Rs 880 from Rs 770

The growth picked up & it continues to build buffers. The capital levels are healthy at 15.4% and we expect RoEs to improve to over 14%.

CLSA | Rating: Buy | Target: Raised to Rs 1,025 from Rs 1,000

The rerating should continue for the stock as the results were strong on asset quality with slippages of just Rs 5,000 crore.

We expect the company to deliver a 16%-17% core PPoP CAGR over FY21-23. It remains one of our top picks.

Kotak Institutional Equities | Rating: Buy | Target: Raised to Rs 810 from Rs 775

The headline gross NPL Ratio, net NPLs & slippage ratios declined QoQ. The upgrade in earnings reflects potential lower stress factoring COVID buffer.

Looking at FY22 towards a faster normalization of return ratios and frontline large banks would benefit in this leg of the cycle.

JPMorgan | Rating: Neutral | Target: Rs 750

The growth is broad-based & corporate banking has seen a pick up in Q4. The slippages were 3.6% with two-thirds of it coming from the retail sector.

Goldman Sachs | Rating: Neutral | Target: Rs 742

The Q4 core missed estimates, while asset quality/loan growth was healthy. The bank lags behind other larger banks in terms of profitability. The RoA/RoE may rise to 1.5%/15% over FY22-23.

Prabhudas Lilladher | Rating: Accumulate | Target: Rs 770

Bank has maintained PCR of 72% and 80bps of COVID provisions over and above regulatory specific provisions on non-NPAs. With legacy NPAs provided for, better growth and initiatives are working gradually to move ratios towards a high ROE goal of 17-18%.

Motilal Oswal | Rating: Buy | Target: Rs 925

Axis Bank has delivered a strong performance and appears well-positioned to report robust earnings traction. Moreover, moderation in fresh slippages, coupled with improved underwriting and an increasing retail mix, would help maintain strong credit cost control.

Sharekhan | Rating: Buy | Target: Rs 900

Axis Bank is available at 2.2x/2.0x its FY2022E/FY2023E ABVPS. We believe valuations are reasonable and there is potential for re-rating as earnings pick up and the economic scenario normalizes.

A conservative provisioning policy, comfortable capitalization, overall franchise value, and a high provision coverage ratio (PCR) are positives, which will help the bank ride over medium-term challenges and provide support to growth and valuations.

At 09:21 hrs, Axis Bank was quoting at Rs 698.25, down Rs 1.05, or 0.15 percent on the BSE.

The share touched a 52-week high of Rs 800 and a 52-week low of Rs 333.05 on 16 February 2021 and 22 May 2020, respectively Currently, it is trading 12.72 percent below its 52-week high and 109.65 percent above its 52-week low.

Get Best StockTrading Tips From Sharetipsinfo

Mon	Tue	Wed	Thu	Fri	Sat	Sun
28	29	30	31	1	2	3
4	5	6	7	8	9	10
11	12	13	14	15	16	17
18	19	20	21	22	23	24
25	26	27	28	29	30	1
2	3	4	5	6	7	8