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5. Lower interest rates, fall in crude oil prices and expected demand for private commuting can be major triggers for auto sector.
Auto and two-wheeler cos clocked sharp M-on-M sales increase in June as pent-up demand drove purchases of sedans, SUVs and motorbikes across d country. 3 large cos, Hero Motocorp, M&M & TVS Motor came close to achieving 100% of the pre-Covid-19 sales numbers.
List of Large caps stocks with Massive Delivery buying on Friday. 1. Bharti Airtel ~600 Crs 2. TCS ~ 450 Crs 3. HeroMoto ~200 Crs
Biocon CEO & MD: Biocon aims to generate USD 1 b from biosimilar segment by FY22. Market opp for this vertical is expected to double over next two years with share of developed markets going up in FY21 and beyond.
M&M Fin on Covid19 Impact: 1. 75% of customers opted 4 moratorium; 2. New biz substantially lower in April-May 2020; 3. Co expects operations to normalise only post Sept 20; 4. Demand and financing for pre-owned vehicles and agri machinery (tractors) expected to increase.
Would be interesting to see the shareholding pattern of Glenmark for Q1Fy21 to know who bought the recent pop in its stock price ! Retail or Institutional ?
Few observations from concalls of Akzo Nobel and Kansai: 1. Tier 2 & 3 cities showing strong traction; 2. 90% of paint shops opened and June 20 has seen 80% of last year sales; 3. Tho some green shoots seen, auto sec. is still a problem; 4. Expect to reach new normal soon
2700 cr delivery buying in Reliance Ind on Friday !
Natco Concall: 1. Pressure in dom oncology largely due to chemotherapy portfolio not doing well; 2. Hep-C sales declined from 500 cr (few yrs back) to 117 cr; 3. Launched 10 prod last year, likely 2 launch 8-10 this yr; 4. Co likely to receive approval for CTPR in next 3 months.
This month so far, Nifty up 2.4%, Nifty Junior up by 3.5%, Midcap index did 6.75% and small cap index did 10%... Small cap index outperformance and the “quality” of this rally for last few weeks is hardly comforting!
APL Apollo Tubes on COVID-19 impact: 1. Co does not expect any long term impact of lockdown although there would be some impact on the revenue and profitability in Q1FY21. 2. Co is focusing on faster receivable collection & debt reduction.
And FIIs are happy to lap up these stake sales, fund raising etc., HUL, Bharti Airtel, Kotak Bank, HDFC Life and not the least Reliace Jio r examples in case.
Interesting to know that Kotak bank opened 12050 accounts per day under 811 (their full service digital account opening initiative) during FY20. This run rate improved to 14000 accounts per day during lockdown period !
Kotak bank block deal done at 1240; book has seen a very strong demand 👍
Kiran Mazumdar Shaw: Insulin glargine is a big opp for both Biocon and Mylan
There was a delivery buying of 1000 cr in HDFC, HDFC Bank and HUL.... biggest rally possible when there is all pervasive disbelief.
There r reasons to feel better: a. Improvement in demand for petrol n diesel; b. Power demand too coming back; c. that there is more money for good businesses was proved by 3x oversubscription of QIP by Kotak Bank. Mkt participants looking forward eagerly to FY22 !
Just read that more no of demat accounts opened with CDSL during March/April. Signs of newbies coming to market with the hope of making a fast buck ?🤔 Trading is a zero-sum game. Money will move from those who are testing the waters to those who rule these waters.
CRISIL: India's GDP growth set to contract 5% in FY21. Q1FY21 could see a contraction of 25%. It takes atleast 3 fiscals to go back to the pre-pandemic growth rates, despite policy support. A permanent loss of 10% to the real GDP is estimated.