Nvidia Results Explained: What They Mean for Indian Markets, IT Giants & Semiconductor Plans

शुक्रवार को हुई ओपेक और नॉन ओपेक देशो की बैठक के कारण कच्चे तेल के भाव मे उठापटक देखि गई। ओपेक देशो के आश्वासनों से पहले क्रूड की कीमतें गुरुवार से अस्थिर रही, क्योंकि मांग बढ़ोतरी मे संदेह के बावजूद, मई से वैश्विक तेल उत्पादन बढ़ने की सहमति हुई है।

ओपेक और नॉन ओपेक देशो के सदस्य, दो-दिवसीय कॉन्फरेंस के माध्यम से बैठक करते हुए, मई और जून में प्रति दिन 350,000 बैरल और जुलाई में 400,000 बैरल प्रतिदिन उत्पादन बढ़ाने पर सहमत हुए है।

सऊदी अरब को कटौती के प्रति दिन 250,000 बैरल मई और जून में घटाने पर विचार करना था, ताकि बाजार को निरंतर समर्थन प्रदान किया जा सके। लेकिन इसने उस विचार को अन्य उत्पादकों के साथ आम सहमति पर पहुंचने के बाद समाप्त कर दिया कि उत्पादन मे बढ़ोतरी तेल मांग मे बढ़ोतरी के अनुरूप है। लगभग 2.5 मिलियन बैरल प्रति दिन, कई सप्ताह तक रुके रहने के बाद, अमेरिकी कच्चे तेल का निर्यात पिछले हफ्ते बढ़कर 3.2 लाख बैरल प्रति दिन हो गया है।

अमेरिकी तेल उत्पादन भी पिछले सप्ताह बढ़कर 11.1 लाख बैरल प्रतिदिन हो गया है। पिछले कुछ महीनों में संयुक्त राज्य अमेरिका के लिए 11 मिलियन बैरल या उससे कम का दैनिक उत्पादन मानक बना हुआ था। कॉमेक्स मे कच्चे तेल के भाव सप्ताह मे मामूली बढ़त के साथ 61 डॉलर तथा ब्रेंट कच्चा तेल 64.7 डॉलर और घरेलु कच्चे तेल की कीमते 4516 रुपये प्रति बैरल पर रही।

तकनिकी विश्लेषण

कच्चे तेल की कीमतों मे ऊपरी स्तरों पर दबाव रहने की सम्भावना है। इसमें 4670 रुपये पर प्रतिरोध तथा 4300 रुपय पर सपोर्ट है।

Incorporated in 1995, Macrotech Developers [Formerly known as Lodha Developers] is the largest real estate developer in India. The company is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also developed commercial real estate.

The company’s large ongoing portfolio of affordable and mid-income housing projects include Palava (Navi Mumbai, Dombivali Region), Upper Thane (Thane outskirts), Amara (Thane), Lodha Sterling (Thane), LodhaLuxuria (Thane), Crown Thane (Thane), Bel Air (Jogeshwari), LodhaBelmondo (Pune), Lodha Splendora (Thane) and Casa Maxima (Mira Road).

The affordable and mid-income housing developments accounted for Sales of Rs.3055 crores during the financial year 2020 and constituted 57.77% of our total residential sales.

Company Business:

• The Company develops Real estate across the residential and commercial sectors in the Mumbai Metropolitan Region, Pune, and London.
• In the Residential Portfolio, the price of the Flat they sell is in the range of 35 Lacs to 59 Cr.
• In the commercial portfolio, they develop office and retail projects as income-generating assets on the lease model and sale models, with an increasing focus on the former.
• The company has a good track record of completing projects from acquisition to launch to completion thereby improving Return on investment.

Strength of the Company

• Largest residential real estate developer in India.
• Strong sales distribution network across India as well as NRI markets
• Brand equity and premium pricing.
• Strong project execution capabilities.
• Experienced Management Team.

RISKS RELATING TO BUSINESS:

• There are material outstanding legal proceedings involving Company, Subsidiaries, Associates, Directors, Promoters, and Group Companies
• The company may not be able to successfully identify and acquire suitable land or development rights, which may affect business and growth.
• The company’s business and results of operations could be adversely affected by the incidence and rate of property taxes and stamp duties.
• Compliance with, and changes in, environmental, health and safety, and labor laws and regulations could adversely affect the development of projects and financial conditions.

IPO Details:

IPO DateApr 7, 2021to Apr 9, 2021Issue TypeBook Built Issue IPOIssue Size51,440,328 Eq Shares of ₹10(aggregating up to ₹2,500.00 Cr)Fresh Issue5,14,40,329Eq SharesOffer for SaleNILFace ValueRs.10 per equity shareIPO PriceRs.483 to Rs.486 equity shareMin Order Quantity30Listing AtBSE, NSE

IPO Objective:

• Reduce the aggregate outstanding borrowings of the company on a consolidated basis.
• To acquire land or land development rights.
• To meet general corporate purposes.

Financial Performance:

FY2018FY2019FY20209M FY2021Revenue13,726.611,979.912,561.03,160.5Expenses11,017.09,490.011,560.23,218.8Comprehensive income1,767.91,641.6732.5-264Margin (%)12.913.75.8-8.2

Tentative Time Table:

• IPO Opens on: Apr 7, 2021
• IPO Closes on Apr 9, 2021
• Basis of Allotment Date: Apr 16, 2021
• Initiation of Refunds: Apr 19, 2021
• The credit of Shares to Demat Account: Apr 20, 2021
• IPO Listing Date: Apr 22, 2021

Outlook:

Lodha Group has been involved in the real estate business since 1995. Further, the Company is led by Abhishek M. Lodha, Managing Director and Chief Executive Officer. The company has a leadership team of experienced professionals with relevant functional expertise across different industries who are instrumental in implementing the business strategies.

The company commenced operations in Mumbai, developing affordable housing projects in the suburbs of Mumbai, and later diversified into other segments and regions in the MMR and Pune. In addition to the ongoing and planned projects, as of 31 December 2020, the company has land reserves of approximately 3,803 acres for future development in the MMR, with the potential to develop approximately 322 million square feet of Developable Area.

The company has clocked sales of approximately INR 6,569 crores with gross collections of approximately INR 8,189 crores for FY 19-20. The company reported a total income of ₹3,160.49 crores for the period ended December compared with ₹9,357.35 crores a year ago. The net loss stood at ₹264.30 crores compared to a profit of ₹503.08 crores.

Their residential and commercial spaces are aimed at every segment, right from super luxury to budget, thereby enabling every aspiring consumer to fulfill their dream. The company’s brands include “Lodha”, “CASA by Lodha” and “Crown – Lodha Quality Homes” for our affordable and mid-income housing projects. The “Lodha” and “Lodha Luxury” brands for premium and luxury housing projects, and the “iThink”, “LodhaExcelus” and “LodhaSupremus” brands for office spaces.

The company’s in-house sales team is supported by a distribution network of multiple channels across India as well as key non-resident Indian (“NRI”) markets, such as the Gulf Cooperation Council, United Kingdom, Singapore, and the United States.

The real estate market in India has grown at a CAGR of approximately 10 percent from $ 50 billion in 2008 to $120 billion in 2017 and is expected to further grow at a CAGR of 17.7% to reach $1 trillion by 2030. The real estate market contributed approximately 6 percent to India’s GDP in 2017 and is likely to contribute approximately 13% to India’s GDP by 2025.

Valuation of Macrotech Developers (as of FY2020)

Earnings Per Share (EPS): INR18.46Price/Earnings (PE ratio): 26Return of Net Worth (RONW): 17.8%Net Asset Value (NAV): INR103.86 per share

Macrotech Developers has a strong reputation in the Mumbai region with delivery of close to 10,000 homes annually. Has the ability to price at a premium which results in higher margins.

The listed peers are Brigade Enterprises Ltd, DLF Limited, Godrej Properties Ltd, Oberoi Realty Ltd, Prestige Estates Projects Ltd, Sobha Ltd, and Sunteck Realty Limited. Among these, only Sobah Ltd has the lowest P/E ratio of 15.12, while Godrej Properties Ltd has the highest P/E ratio of 135.51

Corporate actions are key events that companies undertake, which can directly impact their stock prices, financial health, and how investors perceive them. Whether it's issuing dividends, conducting stock splits, or merging with another company, these actions play a significant role in the stock market. Let’s break down the most common corporate actions and their effects on stock prices, with examples from Indian stocks to illustrate.

What Are Corporate Actions?

Corporate actions are decisions made by a company that affect its shareholders. These actions can lead to changes in stock prices, which investors need to understand to make informed decisions. Here are some of the most common corporate actions:

Types of Corporate Actions

1. Dividends

• Dividends are payments made to shareholders from a company’s earnings. They can be in the form of cash or additional shares.
• Impact on Stock Price: When a dividend is declared, the stock price usually drops by the dividend amount on the ex-dividend date. For instance, if a company announces a ₹5 dividend, the stock price might decrease by ₹5 on the ex-dividend date.
• Example: Consider a company like HDFC Bank. When it declares a cash dividend, the stock price adjusts to reflect the dividend payout. If HDFC Bank declares a ₹10 dividend, its stock price might drop by ₹10 on the ex-dividend date.

2. Stock Splits

• A stock split increases the number of shares outstanding by issuing more shares to existing shareholders. For example, in a 2-for-1 split, shareholders receive two shares for every one they own, but the share price is halved.
• Impact on Stock Price: The total value of shares held by an investor remains the same, but the price per share changes according to the split ratio. If a stock priced at ₹200 undergoes a 2-for-1 split, the new price would be ₹100, and shareholders would own twice as many shares.
• Example: Reliance Industries has conducted stock splits in the past. For instance, if Reliance's stock was trading at ₹2,000 and underwent a 5-for-1 split, the price would adjust to ₹400, but shareholders would now have five times more shares.

3. Bonus Shares

• Bonus shares are additional shares given to existing shareholders at no extra cost, usually based on the number of shares they already own.
• Impact on Stock Price: The stock price typically drops to reflect the increase in the number of shares. For example, if a company issues a 1:1 bonus, the share price might halve, but shareholders will own double the number of shares.
• Example: Tata Motors has issued bonus shares before. If Tata Motors issues a 1:1 bonus, the stock price might decrease, but shareholders will have twice as many shares as before.

4. Mergers and Acquisitions

• Mergers involve two companies combining to form a new entity, while acquisitions occur when one company takes over another.
• Impact on Stock Price: The stock price reaction depends on the deal. Generally, the acquiring company's stock price might drop due to the costs involved, while the target company's stock price usually rises. The long-term effect depends on how well the deal is executed.
• Example: When Hindustan Aeronautics Limited (HAL) acquired smaller defense firms, HAL’s stock price reacted to the perceived benefits of the acquisition. Conversely, the stock of the acquired firms often saw a spike.

5. Rights Issues

• A rights issue allows existing shareholders to buy additional shares at a discount to the current market price.
• Impact on Stock Price: The stock price might fall to account for the dilution due to the new shares being issued. For example, if a company issues new shares at ₹50 while the current price is ₹83, the market price might adjust downward to reflect the dilution.
• Example: If Infosys announces a rights issue at ₹1,000 when the market price is ₹1,200, the stock price might fall to around ₹1,050 to reflect the new shares being issued.

Impact on Stock Prices

Immediate Reaction: Corporate actions often cause immediate fluctuations in stock prices. For instance, a dividend announcement can lead to a temporary drop in stock price on the ex-dividend date.

Long-Term Effects: The long-term impact depends on how the corporate action affects the company's overall financial health and future prospects. Successful mergers or strategic stock splits can lead to increased stock prices if they create value and growth opportunities.

Conclusion

Corporate actions are significant events that can influence stock prices in various ways. By understanding these actions—such as dividends, stock splits, bonus shares, mergers, and rights issues—investors can better navigate the stock market. Monitoring these events helps investors make informed decisions and anticipate market reactions, allowing them to align their strategies accordingly.

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BSE -

BSE Exchange (Bombay Stock Exchange), India’s largest stock exchange by a number of companies listed. The Bombay Stock Exchange was established in the year 1875 as the first stock exchange in Asia. Today BSE has over 5000 companies listed on it, the highest in any exchange around the world.

World's two leading global exchanges, Deutsche Bourse and Singapore Exchange, are strategic partners of BSE. BSE offers to trade in Equity, Debt Instruments, Derivatives, Mutual Funds and SME Equity. The S&P BSE SENSEX is India’s most widely tracked stock market benchmark index.

BSE also offers services including risk management, clearing, settlement, market data services, IT services and solutions, licensing index products such as the S&P BSE SENSEX and financial & capital markets training. BSE Limited has the following strengths: 1.

Strong brand recognition with a track record of innovation 2. Diversified and integrated business model and active relationship with market participants 3. State-of-the-art infrastructure and technology.

CAMS -

Computer Age Management Services Ltd (CAMS) is a mutual fund (MFs) transfer agency with a focus on technology-based solutions. It offers services to alternative investment funds (AIFs) and insurance companies, through service centres, white label call centres, online mobile applications and chatbot services.

Mutual Fund distribution is a big business in India and the transaction processing environment is complex. There are many sub-agents of distributors in the country leading with a retail investor base and they will need information regarding Mutual Fund transactions. So, CAMS offer Distributor Services packages to all distributors who operate using retail sub-agents.

CDSL -

CDSL is the leading securities depository in India in terms of incremental beneficial owner (BO) accounts. CDSL earns revenue by charging annual issuer fee to corporates and account maintenance charges, user facility charges and transaction fees to depository participants (DPs).

The asset-light model, duopoly play on the secular increase in stockholder accounts coupled with potential market share gains is an added positive. While this itself is a successful recipe for growth, the icing on the cake could be the massive unexploited revenue opportunities in CDSL’s core activities, and leveraging its customer base and data for new businesses, a feat adroitly accomplished by similar sectors such as credit rating agencies (not to mention internet companies).

IEX –

INDIAN ENERGY EXCHANGE LIMITED (IEX) is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable Energy Certificates and Energy Saving Certificates. The exchange platform enables efficient price discovery and increases the accessibility and transparency of the power market in India while also enhancing the speed and efficiency of trade execution.

IEX’s subsidiary Indian Gas Exchange Ltd. (IGX) is India’s first automated national level Gas Exchange to promote and sustain an efficient and robust Gas market and to foster gas trading in the country. The exchange features multiple buyers and sellers to trade in spot and forward contracts at designated physical hubs.

INDIAMART–

Indiamart Intermesh Limited is an online platform (www.indiamart.com.) for business buyers to connect with suppliers of products and services. Buyers can place a business enquiry by visiting suppliers (small and medium) online and explore their products and services. It has organised its listings across 54 industries.

It provides a platform for SMEs, large enterprises, and even individual buyers. Nearly 2.6 crore buyers can reach out to over 22 lakh suppliers coming from 52 different categories of industries and choose from the list of 3.3 crore products.

It is now rated as one of the largest e-commerce platforms for businesses of different kinds with a market share of more than 60%. It deals with 97000 product categories that cover a wide range of industries. IndiaMART is also one of the very few companies with zero debt and a sizeable cash balance.

IRCTC -

IRCTC is a ‘Mini-Ratna' company that derives revenues from four broad business segments — catering (selling food on rail journeys), travel & tourism (tour and destination-specific packages), e-ticketing and packaged drinking water (known for its brand Rail Neer).

Catering contributes 55 per cent to the company’s total revenues, followed by travel & tourism which provides 23.3 per cent, e-ticketing contributes 12.3 per cent and packaged drinking water, which contributes 9.2 per cent.

INFO EDGE (NAUKRI) -

Info Edge generates revenue through the provision of various services through its online recruitment, property, matrimonial, and education classifieds portals. The Company derives its revenue in the form of fees associated with its various services and advertising solutions.

It also derives revenue through commission income on property bookings placed with builders and developers. Today InfoEdge group directly operates 8 ventures and controls the other 6 through investments.

Jeevansaathi.com, the famous matrimonial site, was launched in 1998. In later years they came up with Shiksha.com, NaukriGulf, and Quadrangle. In 2012, they also launched their mobile app for Naukri.com In 2010, InfoEdge made an investment that realized much late but shows the vision of this investment was now food delivery and restaurant catalogue giant, Zomato.

This is what lies in the InfoEdge group. Zomato was not their only key investment. They also own now much known ‘Policybazaar’. The other ownerships are ‘Meritnation’ and ‘MyDala’. However, the one doing buzz lately is ‘99Acres’.

Zomato is one of the most anticipated IPOs of 2021.

Info Edge’s Startup Investment

Zomato, policy bazaar, happily unmarried, Unnati Pvt ltd, Zippserv, Wishbook, Nopaperforms, University, gramophone, Bijnis, Medcords, printo, Shopkirana, Greyt HR , adda247, terra economics & analytics lab, legit quest, Shipsy, Coding ninjas, Ayuki.

MATRIMONY -

Matrimony.com (till recently known as Consim Info Pvt Ltd) claims it has 60 per cent of the estimated Rs 300-crore online matchmaking market. The company runs 15 matrimonial websites under Bharat Matrimony and around 300 websites under Community Matrimony. From a one-man venture almost 15 years ago, the company now has 4,000 employees.

Matchmaking is only a small pie of the huge business opportunity in a conventional Indian marriage. "Around Rs, 8 lakh is spent on an average for a marriage and we were getting only one per cent of it as our revenue. We can get more and there is a huge opportunity lying there," says Janakiraman. Almost 90 per cent of its revenue comes from user subscription fee, which ranges from Rs 3,290 to Rs 50,000 (elite) for three months. It has 2.5 million active members.

MCX-

The Multi Commodity Exchange of India Limited (MCX), India's first listed exchange, is a state-of-the-art, commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management.

मार्च के शुरुवाती महीने में निचले स्तरों से उछाल होने के बाद कीमती धातुओं के भाव मे दबाव बढ़ने लगा है। सोने में पिछले दो सप्ताह तक कीमते सकारात्मक रहने के बाद पिछले सप्ताह ऊपरी स्तरों पर दबाव बना और घरेलु वायदा सोने मे 500 रुपय प्रति दस ग्राम की मंदी देखि गई और कीमते 44500 रुपय के स्तरों पर रही। चांदी के भाव में ऊपरी स्तरों से 4900 रुपय प्रति किलो तक की साप्ताहिक मंदी देखि गई, लेकिन इसमें निचले स्तरों से सुधार भी आया और चांदी के भाव सप्ताह मे 2500 रुपय की मंदी रहने के साथ 65000 रुपय प्रति किलो के करीब कारोबार किया।

डॉलर इंडेक्स अपने निचले स्तरों से ऊपर बढ़ने की कोशिश मे दिखाई पड़ता है। जो सोने की कीमतों को आगे भी दबाव मे रख सकता है। बढ़ती हुई ट्रेज़री उपज ने भी सोने की कीमतों पर दबाव बनाया है। पिछले सप्ताह अमेरिका से जारी होने वाले बेरोज़गारी के दावे एक साल के निचले स्तरों पर पहुंच गए है। अमेरिकी तिमाही जीडीपी मे भी बढ़त दर्ज की गई है।

अर्थव्यवस्था मे सुधार से ट्रेज़री उपज में बढ़त होने से निवेशकों का रुझान बॉन्ड निवेश मे बढ़ा है जो डॉलर को सपोर्ट कर रहा है। उभरती अर्थव्यवस्थाओं की मुद्राओं मे रुपया डॉलर की अपेक्षा मजबूत हुआ है और एक साल की उचाई पर पहुंच गया है। सोने मे कस्टम ड्यूटी घटने के बाद, रुपये मे मजबूती आयात को सस्ता बना रहा है जिससे सोने की कीमतों मे दबाव है। सोने मे वर्तमान निचले स्तरों पर ज्वेलर्स की मांग बढ़ने की सम्भावना है।

आगामी सम्भावना

इस सप्ताह सोने के भाव में दबाव बना रह सकता और अप्रैल वायदा सोने मे 43700 रुपये पर सपोर्ट है और 45200 रुपये पर प्रतिरोध है। चांदी में 63500 रुपये पर सपोर्ट तथा 68500 रुपये पर प्रतिरोध है।

Investing in stocks can be considered a quite challenging task. This is because a lot of information investors need to gather before starting investing in the stock market. Maybe building a portfolio or the selection of the right stock, share market trading is not as easy as it seems to be.

Selection of the right stock with the right amount can often turn out to be a successful deal as it allows investors to earn a huge profit in the long run. Buying and selling of stocks are equally important as buying, selling of the stocks at the appropriate time can be equally rewarding which in turn make investors earn maximum returns from it.

Investment in the stock market is a sensitive task as investing in the wrong stock can lead to huge losses which may take years to break even.

Do remember that the stock market is full of volatility, uncertainty. Therefore, one should be clear about all the aspects of a stock market. The stock market is not for the people who fear the ups and downs of the stock market. It is for those who have patience and can take risks in the long term.

There is massive information available in the market. Anyone who wants to invest in the stock market, can study stock and decide between buying and selling.

How to Identify Trading Stocks?

1. Volume:

It is extremely important to identify the change in volume of the stock. If you notice any sudden fluctuation in stock’s volume and its price, then it should be on your radar.

If you identify any stock price’s movement such as an upward or downward trend, you need to clearly monitor the stock’s fluctuations and observe the pattern. However, it is also said that don’t go with the first day rise in the stock price as the first-day rise may be a fluke.

It is important to identify the trend first. Many analysts take an aggressive approach by monitoring the stocks if there is an increase in the stock price for 2 consecutive days.

In case, where you are sure of stock performance like IRCTC, then you can consider a sharp dig as a stock trading opportunity. Besides, considering delivery-based volume, you should consider a minimum of 5 days average volume.

Also, you can do one thing, you should filter out stocks that are thinly traded i.e traded volume for comparison purposes less than 5 lakhs.

2. Select the company or industry with which you are familiar:

Analysts said that it would be feasible to invest in such stocks that you may gain interest in. This is because investing in such stocks will help you to get better-informed decisions.

Also, industry-specific stocks will make you more interested and therefore you know all the information associated with the stocks which in turn makes it easy for you to identify the fundamentals of a stock.

Hence, it is advisable to invest in stocks that you are familiar with.

3. Avoid Circuit Stocks

Circuit stocks are the ones that are hitting upper or lower circuits frequently. Research analysts believe that circuit stocks should be avoided as much as you can.

It is a misconception that you will earn a huge profit in upper circuit stocks. A majority of small investors made huge mistakes by putting their money in the upper circuit stocks. If you want to extract money from such stocks, then you should be a seasoned trader and know how to play in the stock market.

4. Avoid Only Buyers/Only Seller Stocks

You may observe the stocks with a huge number of buyers. Such stocks may have only buyers or sellers. This doesn't mean that the stocks have a huge demand. It might be an operator driven stock. Therefore, it is advisable to avoid such stocks.

5. Evaluate Valuation and Price of a Stock

Before picking any stock, it is important to go through the valuation and price of the stock. If the company is trading at PE multiples of less than 20, then the stocks are considered as an undervalued stock and hence a good buy.

On the flip side, a company trading at PE multiples of more than 20, then it is considered overvalued and hence good to sell.

6. Seeking Margins

Mainly companies survive by selling their products and services in the market. If the sales or margin of the company are increasing at a good pace, then there is a good potential rise in the price of a stock in future. It is suggested to always look for the margins of the company. Don’t forget to compare the cost of goods sold and other expenses for the increase in sales.

7. Technical Indicators

Nowadays, technical indicators have been gaining huge popularity. They are basically in the form of charts that predict the future moment of the stock based on the current stock price.

The technical indicators take into account the volume traded. The information provided by technical indicators can be quite valuable while considering buying and selling of shares.

8. Examine Financial Reports

It is good to go through the financial reports of the company before making any decision regarding stock. Financial reports enable investors to analyze the performance of a company. Besides you can also compare the stock’s profitability in the past five years. Also, look for cash pay-outs for stock investors in the form of dividends. The above points help you to decide whether to buy or sell the stocks.

Conclusion

Any upcoming event regarding a company can lead to several triggers in the price movements of a stock. It is important to analyze and knows the events as it helps you to determine the trend of the stock such as which stock going forward.

Therefore, buying and selling of stock can be initiated based on such events, for which you need a trusted stock broking firm with a solid track record and a dedicated team of researchers and analysts.