View on market: Stay Cautious, be with quality business:

Asian stocks climbed early Friday after technology companies led a Wall Street rebound on economic optimism and easing concern about the possibility of reduced U.S. stimulus. Shares rose in Japan, South Korea and Australia. A drop in U.S. initial jobless claims put the focus back on the economic recovery and away from fears that price pressures imperil loose financial conditions. Oil trimmed a drop but remains around the lowest in nearly a month. Traders were assessing the likelihood of a renewed nuclear deal with Iran and the potential removal of sanctions on the country’s crude exports.

The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, rose 0.8% to 15,062.50 as of 7:15 a.m.

Key Data/ Action, Result, and Board meeting to watch

Major economic Data:

  • INR: Deposit Growth YoY MAY on 21st May, 2021
  • INR: Bank Loan Growth YoY MAY on 21st May, 2021
  • USD: Existing Home Sales (Apr) on 21st May, 2021

International Markets:

U.S & Europe

Particulars    20th May. Chg Chg(%)
Nasdaq 13,535.74 236 1.77
Dow 34084.15 188.11 0.55
FTSE 7,019.79 69.59 1
CAC 6,343.58 81.03 1.29
DAX 15,370.26 256.7 1.7
Dow Fut.* 34,055.00 25 0.07

Asian markets:

Particulars    21st May. Chg Chg(%)
SGX Nifty 14,992.00 54 0.36
Nikkei 28,222.94 124.69 0.44
Straits Times 3,107.51 -2.3 -0.07
Hang Seng 28,337.23 -113.06 -0.4
Shanghai 3,487.48 -19.46 -0.55

ADR Watch:

Particulars       20th May. Chg Chg(%)
Dr Reddy 72.56 0.36 0.5
HDFC Bank 73.39 -0.16 -0.22
ICICI Bank 17.22 -0.02 -0.12
Infosys 18.65 0.21 1.14
Tata Motor 21.17 0.32 1.53
Wipro 7.56 0.09 1.2

Commodities & Currency

Particulars Current Price Chg(%)
USD/INR        73.10 -0.09
Brent 64.92    -0.31
Gold 1871.15 -0.57
Silver 27.70 -1.29


Particulars   20th May.      19th May.
FIIs 71.04       -697.75
DIIs -876.0    -852.52

Earnings  to Watch:

Nifty Earnings: Hindalco Industries, JSW Steel, SBI, Shree Cement,

Non-Nifty Earnings: Aarti Surfactants, Anuh Pharma, Birlasoft, CCL Products (India), Container

Corporation of India, Crompton Greaves Consumer Electricals, DCW, Dhanuka Agritech, Dharamsi Morarji Chemical Co., Elgi Equipments, ESAB India, Godrej Industries, Dr. Lal PathLabs, Seacoast Shipping Services, Shoppers Stop, South Indian Bank, United Spirits


HPCL Q4FY21 (Standalone, QoQ) Revenues up 9% at Rs 74,843.42 crore Vs Rs 68,659.21 crore (Bloomberg estimate: Rs 82,441 crore) Net profit up 28.2% at Rs 3,017.96 crore Vs Rs 2,354.64 crore (estimate: Rs 1,498 crore) Ebitda up 41.3% at Rs Rs 4,666.38 crore Vs Rs 3,301.52 crore (estimate: Rs 2,566 crore) Ebitda margin at 6.2% Vs 4.8% (estimate: 3.1%) Recommended a final dividend of Rs 22.75 per share

Torrent Power Q4FY21 (Consolidated, QoQ) Revenue up 4% at Rs 3,084.13 crore Vs Rs 2,952.75 crore Net profit up 24% at Rs 396.93 crore Vs Rs 320.50 crore Ebitda up 5% at Rs 914.45 crore Vs Rs 870.28 crore Ebitda margin at 29.7% Vs 29.5% Recommended a final dividend of Rs 5.50 per share Approved issuance of NCDs up to Rs 2,000 crore

Havells India Q4FY21 (Standalone, QoQ) Revenue up 5% at Rs 3,331.19 crore Vs Rs 3,165.85 crore (Bloomberg estimate: Rs 3,122.4 crore) Net profit down 13% at Rs 302.27 crore Vs Rs 349.13 crore (estimate: Rs 301.2 crore) Ebitda at Rs 505.65 crore Vs Rs 508.07 crore (estimate: Rs 464.4 crore) Ebitda margin at 15.2% Vs 16% (estimate: 14.87%) Recommend a final dividend of Rs 3.50 per share for FY21

Brokerage Radar:

CLSA on Zee Entertainment:

Maintain Buy at the Target Price of 306. Q4 Ahead of Estimates and Ad Revenue up 9% YoY Co Sees Rapid Recovery in Ad Revenue if Lockdown Not Extended Balance Sheet Cash has increased to Rs. 1860 Cr from Rs.1000 Cr. In FY20 Risk Reward Attractive at Current Valuation

JP Morgan on HPCL:

Maintain Overweight at the Target Price of 330 Reported A Large Beat Driven by Inventory Gains See a Sharp Improvement in Underlying Operating Performance Increase FY22- 23 EPS Estimates by 14% & 8%

Jefferies on HPCL:

Maintain Buy at the Target Price of 370 Reported Significant EBITDA Beat on Much Higher Inventory Gains in Refining & Marketing.

News Update:


Transferred its digital transformation business undertaking, incubated and conducted as L&T-NxT to Mindtree, a listed a subsidiary of the company, for Rs 198 crore. The sale is expected to be completed by July 31, subject to satisfaction of conditions precedent indentified under the business transfer agreement.

Apollo Tyres:

To resume operations at Perambra plant in Kerala from today. The company had suspended operations at the plant pursuant to directives issued by the District Government Authority.

City Union Bank:

RBI has imposed a penalty of Rs 1 crore on the bank for non-compliance with certain provisions of the directions contained in RBI (Lending to MSME Sector) Directions 2017 and the circulars on Educational Loan Scheme and Credit Flow to Agriculture.


The company’s Abbreviated New Drug Application for Dolutegravir Sodium has been approved by FDA.

Source: Moneycontrol, Livemint,, Bloomberg, Investing, Business Standard

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