DOCSLIB.ORG

Indepth Feb 2021.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Indepth Feb 2021.Pdf FEBRUARY 2021 IN-DEPTH INVESTMENT BULLETIN OF AEGON LIFE INSURANCE COMPANY LTD AEGON, toh tension gone. INDEX Description Page No. Enhanced Equity Fund 6 Accelerator Fund 7 Pension Enhanced Equity Fund 8 Pension Index Fund 9 Group Equity Fund 10 Blue Chip Equity Fund 11 Opportunity Fund 12 Debt Fund 14 Pension Debt Fund 15 Secure Fund 16 Pension Secure Fund 17 Conservative Fund 18 Balanced Fund 20 Pension Balanced Fund 22 Stable Fund 24 NAVPF Fund 26 Indepth | Feb 2021 | 2 Commentary on the Indian Securities Market for January 2021 Nifty (down 2.5%) was marginally negative after giving positive return in the last three months. The covid cases continued to decline across the country with only two states having more than 10000 active cases now. The vaccination program has also started in the country with healthcare workers receiving the vaccination first. The dollar index took a breather after 2 consecutive months of depreciation. It was up 0.7% and closed at 90.58 level. The rupee continued to appreciate for the 3 rd month in a row and appreciated marginally by 11 paise to close at 72.95 level. Brent crude continued its upmove and was up another 8% to close above $55 mark. It has moved up by 49% in the last three months. Gold corrected by 2.67% to close at $1847. Foreign institutional investors (FIIs) investment continued to be strong in January albeit lower than last two months with inflow of $2.7 bn. Domestic institutional investors (DIIs) continued to be net sellers as outflows in Equity mutual funds continued for the sixth month in a row. Consumer price Index (CPI) further moderated in December to 4.59% vs 6.93% in November led by a sharp fall in food inflation. The Index of Industrial Production (IIP) was revised upwards for October and November while the eight core sectors continued to show decline for third month in a row in December. GST collections continued to improve with January GST collections up 8% YoY to its highest ever monthly collections of 1.2 lakh crores. In February, markets will react to quarterly results, Budget, progress of covid and vaccination in India and across the world. Bonds remained volatile during January with the 10 year benchmark yield starting the Indepth | Feb 2021 | 3 month at 5.87, seeing a low of 5.82 before rising to 5.95 and finally closing at 5.91. This despite RBI resorting to Open Market Operations including outright purchases. A few primary auctions did see some discouraging bidding, in response to which RBI either cancelled auctions or devolved the issuances on Primary Dealers. Market does Nifty (down 2.5%) was marginally negative after giving positive return in the last three appear nervous prior to the Union Budget and the GOI’s borrowing programme, which months. The covid cases continued to decline across the country with only two states remains the most important trigger to guide the market in the short term. having more than 10000 active cases now. The vaccination program has also started in the country with healthcare workers receiving the vaccination first. The dollar index took a breather after 2 consecutive months of depreciation. It was up 0.7% and closed at 90.58 level. The rupee continued to appreciate for the 3 rd month in a row and appreciated marginally by 11 paise to close at 72.95 level. Brent crude continued its upmove and was up another 8% to close above $55 mark. It has moved up by 49% in the last three months. Gold corrected by 2.67% to close at $1847. Foreign institutional investors (FIIs) investment continued to be strong in January albeit lower than last two months with inflow of $2.7 bn. Domestic institutional investors (DIIs) continued to be net sellers as outflows in Equity mutual funds continued for the sixth month in a row. Consumer price Index (CPI) further moderated in December to 4.59% vs 6.93% in November led by a sharp fall in food inflation. The Index of Industrial Production (IIP) was revised upwards for October and November while the eight core sectors continued to show decline for third month in a row in December. GST collections continued to improve with January GST collections up 8% YoY to its highest ever monthly collections of 1.2 lakh crores. In February, markets will react to quarterly results, Budget, progress of covid and vaccination in India and across the world. Bonds remained volatile during January with the 10 year benchmark yield starting the Indepth | Feb 2021 | 4 FUND MANAGEMENT TEAM FUND MANAGER AVINASH AGARWAL Qualification : MBA (IIM-L) Experience : 15 years Number of funds : 10 Lovelesh Manocha Qualification : B.E (Chemical), PGDM (IIML) Experience : 12 years Number of funds : 1 Karan Jhaveri Qualification : Chartered Accountant, Chartered Financial Analyst (CFA Institute, USA) Experience : 5 years Number of funds : 9 Indepth | Feb 2021 | 5 ENHANCED EQUITY FUND SFIN: ULIF00105/07/08EEF0138 Inception Date 24 - 7 - 2008 Fund Manager : Avinash Agarwal Investment Objective : This fund will aim to invest in a well-diversified portfolio of equity instruments, and generate attractive returns in the long term. NAV : 32.7161 AUM : 97.34 Cr Benchmark : NIFTY 50 EQUITY HOLDINGS % of AUM EQUITY HOLDINGS % of AUM INFOSYS LIMITED 8.83 TRENT LIMITED 1.42 RELIANCE INDUSTRIES LIMITED 8.16 HCL TECHNOLOGIES LIMITED 1.41 HDFC BANK LIMITED 6.24 KOTAK MAHINDRA BANK LIMITED 1.28 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 5.57 HDFC LIFE INSURANCE COMPANY LIMITED 1.27 BHARTI AIRTEL LIMITED 5.10 DIVIS LABORATORIES LIMITED 1.24 HINDUSTAN UNILEVER LIMITED 4.90 BHARAT ELECTRONICS LIMITED 1.13 SBI-ETF NIFTY BANK 4.62 ENDURANCE TECHNOLOGIES LIMITED 1.08 ICICI BANK LIMITED 4.53 MAHINDRA & MAHINDRA LIMITED 0.95 NIPPON INDIA ETF BANKBEES EXCHANGE TRADED SCHEME 4.46 THE FEDERAL BANK LIMITED 0.90 LARSEN & TOUBRO LIMITED 3.20 ALEMBIC PHARMACEUTICALS LIMITED 0.90 TATA CONSULTANCY SERVICES LIMITED 2.75 ULTRATECH CEMENT LIMITED 0.80 DR REDDYS LABORATORIES LIMITED 2.62 TATA STEEL LIMITED 0.78 CIPLA LIMITED 2.08 TATA MOTORS LIMITED 0.77 ITC LIMITED 2.08 BHARAT FORGE LIMITED 0.60 NESTLE INDIA LIMITED 2.03 WIPRO LIMITED 0.59 BHARAT PETROLEUM CORPORATION LIMITED 2.01 JSW STEEL LIMITED 0.57 AXIS BANK LIMITED 1.84 HINDALCO INDUSTRIES LIMITED 0.56 SBI LIFE INSURANCE COMPANY LIMITED 1.81 HONEYWELL AUTOMATION INDIA LIMITED 0.32 MARUTI SUZUKI INDIA LIMITED 1.63 BAJAJ AUTO LIMITED 1.55 VARUN BEVERAGES LIMITED 1.53 INDUSTRY % of AUM INDUSTRY % of AUM FINANCIAL AND INSURANCE ACTIVITIES 23.44 MANUFACTURE OF BASIC METALS 1.91 INFRASTRUCTURE 15.27 MANUFACTURE OF OTHER TRANSPORT EQUIPMENT 1.55 COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES 13.58 MANUFACTURE OF BEVERAGES 1.53 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL 6.84 MANUFACTURE OF COMPUTER, ELECTRONIC AND OPTICAL PRODUCTS 1.46 MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS 4.90 RETAIL TRADE, EXCEPT OF MOTOR VEHICLES AND MOTORCYCLES 1.42 MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS 3.48 MANUFACTURE OF MACHINERY AND EQUIPMENT N.E.C. 0.95 CIVIL ENGINEERING 3.20 MANUFACTURE OF OTHER NON-METALLIC MINERAL PRODUCTS 0.80 MANUFACTURE OF TOBACCO PRODUCTS 2.08 MFG OF FABRICATED METAL PRODUCTS, EXCEPT MACHINERY & MANUFACTURE OF FOOD PRODUCTS 2.03 EQUIPMENTS 0.60 ASSET ALLOCATION PERFORMANCE Period Fund Benchmark F&U ACTUAL Return 1 Month -1.46% -2.48% EQUITIES 75% TO 100% 94.10% Return 6 Month 20.69% 23.13% FIXED INCOME SECURITIES 0 % TO 25% 5.90% Returns 1 Year 11.99% 13.98% MONEY MARKET INSTRUMENT Returns 2 Year 10.25% 12.20% Returns 3 Year 5.73% 7.33% Inception 9.92% 9.38% Indepth | Feb 2021 | 6 ACCELERATOR FUND SFIN: ULIF01203/09/10ACCELERATE0138 Inception Date 16 - 9 - 2010 Fund Manager : Lovelesh Manocha Investment Objective : This fund will aim at investing in equities of various sectors, to diversify the portfolio and to generate attractive returns in long term. This fund will also have the flexibility to invest in fixed interest assets and money market instruments up to 20%. NAV : 22.9664 AUM : 187.40 Cr Benchmark : S&P BSE 100 EQUITY HOLDINGS % of AUM EQUITY HOLDINGS % of AUM INFOSYS LIMITED 7.35 BOSCH LIMITED. 0.30 RELIANCE INDUSTRIES LIMITED 6.78 EICHER MOTORS LIMITED 0.15 HINDUSTAN UNILEVER LIMITED 6.20 KOTAK MAHINDRA BANK LIMITED 5.33 MARUTI SUZUKI INDIA LIMITED 4.76 SBI-ETF NIFTY BANK 4.31 ICICI BANK LIMITED 4.15 HONEYWELL AUTOMATION INDIA LIMITED 4.11 HDFC BANK LIMITED 3.93 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 3.87 BHARTI AIRTEL LIMITED 2.98 INDUSTRY % of AUM NIPPON INDIA MUTUAL FUND - NIPPON INDIA ETF NIFTY IT 2.53 TATA MOTORS LIMITED 2.18 FINANCIAL AND INSURANCE ACTIVITIES 23.39 HDFC LIFE INSURANCE COMPANY LIMITED 2.17 NIPPON INDIA ETF BANKBEES EXCHANGE TRADED SCHEME 2.05 COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES 11.45 SHRIRAM TRANSPORT FINANCE COMPANY LIMITED 2.03 MANUFACTURE OF MOTOR VEHICLES, TRAILERS AND SEMI-TRAILERS 10.03 TATA CONSULTANCY SERVICES LIMITED 1.93 DR REDDYS LABORATORIES LIMITED 1.86 INFRASTRUCTURE 9.75 ITC LIMITED 1.81 MANUFACTURE OF CHEMICALS AND CHEMICAL PRODUCTS 7.19 ENDURANCE TECHNOLOGIES LIMITED 1.67 MFG OF PHARMACEUTICALS, MEDICINAL CHEMICAL AND BOTANICAL 5.12 NESTLE INDIA LIMITED 1.57 VARUN BEVERAGES LIMITED 1.53 MANUFACTURE OF COMPUTER, ELECTRONIC AND OPTICAL PRODUCTS 4.11 HCL TECHNOLOGIES LIMITED 1.45 MANUFACTURE OF FOOD PRODUCTS 2.63 TITAN COMPANY LIMITED 1.35 BRITANNIA INDUSTRIES LIMITED 1.06 MANUFACTURE OF TOBACCO PRODUCTS 1.81 ABBOTT INDIA LIMITED 1.02 MANUFACTURE OF BEVERAGES 1.53 RBL BANK LIMITED 1.02 PIDILITE INDUSTRIES LIMITED 0.99 MANUFACTURE OF BASIC METALS 1.45 ASHOK LEYLAND LIMITED 0.97 OTHER MANUFACTURING 1.35 TATA
Load more

Recommended publications
  • Award for Outstanding Performance in Food Safety
    Winners Profile 2018 The following applicants were recommended by the Jury for different levels of recognition as they make their progress on their journey towards food safety excellence. Award for Outstanding Performance in Food Safety Bakery: Small & Medium Food Manufacturing ITC’s Co-Manufacturer, Food Creations Private Limited, Bangalore Beverage – Non Alcoholic: Large Food Manufacturing Pepsico India Holdings Pvt. Ltd, Sangareddy Foodstuffs for Particular Nutritional Uses: Large Food Manufacturing Nestlé India Limited, Samalkha, Panipat Food Testing Laboratories: Small and Medium Envirocare Laboratories Pvt. Ltd., Mumbai Hotels & Restaurants: Large Food Service Vivanta by Taj, Panaji, Goa Dairy: Large Food Manufacturing Hindustan Unilever Ltd., Nasik Quick Service Restaurants: Small & Medium Food Service Jubilant FoodWorks Limited, Domino’s – Pammal (DP66522), Chennai Tea Blending & Packeting: Large Food Manufacturing Tata Global Beverage Ltd. - Bengaluru Packeting Centre Wholesale & Warehousing: Large Food Service Metro Cash & Carry India Pvt. Ltd., Store: 16, Gaganpahad, Hyderabad Significant Achievement in Food Safety ITC Limited (Spices) Sri Sai Agro Products, ISG- Unit 2. Metro Cash & Carry India Pvt. Ltd. Store:46, Shahdara Delhi Nestlé India Limited, Bicholim Nestlé India Limited, Ponda Nestlé Quality Assurance Centre, Moga Pernod Ricard India (P) Limited - Rocky Unit, Derabassi Tata Global Beverages Ltd. - Pullivasal Packeting Center SRD Nutrients Pvt. Ltd, Darrang Varun Beverages Limited, Greater Noida-2 | 1 | Strong Commitment to Excel in Food Safety Arbro Pharmaceuticals Pvt. Ltd. (Analytical Division) ARBRO Laboratory, New Delhi Bisleri International Pvt Ltd, Rudrapur Bisleri International Pvt Ltd, Sahibabad Dr Oetker India Pvt. Ltd. Alwar Edward Food Research & Analysis Center Limited, Kolkata Ferrero India Pvt. Ltd. Baramati. Gopaljee Dairy Foods Pvt.
    [Show full text]
  • Nominee List
    NOMINEE LIST Best financial reporting (large cap) Cipla Hindalco Industries Hindustan Unilever Infosys Kotak Mahindra Bank Mahindra & Mahindra Piramal Enterprises Tata Steel Vedanta Best financial reporting (small to mid-cap) CEAT Everest Industries Hikal Hindustan Foods IIFL Holdings KEC International Minda Industries Raymond The Phoenix Mills Zensar Technologies Best investor meetings (large cap) Bharti Airtel Hindustan Unilever Infosys Lupin Mahindra & Mahindra Piramal Enterprises Best investor meetings (mid-cap) Balkrishna Industries IIFL Holdings Mindtree RPG Group Sterlite Technologies The Phoenix Mills NOMINEE LIST Best investor meetings (small cap) Amber Enterprises India Equitas Holdings Greenlam Industries Music Broadcast Navin Fluorine International NOCIL Raymond Zensar Technologies Best investor relations officer (large cap) Bharti Airtel Komal Sharan Bharti Airtel Aparna Vyas Garg Bharti Infratel Surabhi Chandna Cipla Naveen Bansal HDFC Conrad D'Souza Hindustan Unilever Suman Hegde Infosys Sandeep Mahindroo Kotak Mahindra Bank Nimesh Kampani Lupin Arvind Bothra Best investor relations officer (small to mid-cap) CEAT Pulkit Bhandari Jindal Steel & Power Nishant Baranwal Motilal Oswal Financial Services Rakesh Shinde PNB Housing Finance Deepika Gupta Padhi Raymond J Mukund RPG Group Pulkit Bhandari Schneider Electric Infrastructure Vineet Jain The Phoenix Mills Varun Parwal NOMINEE LIST Best investor relations team (large cap) Bharti Airtel Cipla Hindustan Unilever Infosys Kotak Mahindra Bank Larsen & Toubro Infotech Power
    [Show full text]
  • List of Files (NOC/ Consent/ Authorization - HW/BMW) Disposal Camp Date: 27-12-2017, Time: 10.30 AM, Venue: Head Office, UPPCB, Lucknow
    List of Files (NOC/ Consent/ Authorization - HW/BMW) Disposal Camp Date: 27-12-2017, Time: 10.30 AM, Venue: Head Office, UPPCB, Lucknow CONSENT TO ESTABLISH - CTE (NOC) Sl.No. Name & Address of Industry/ File Circle/ Subject Section 1 DP Garg and Co. Pvt. Ltd., B-210, Phase-2, Noida C-1 NOC 2 Wondrous Buildmart Pvt. Ltd., Plot No. SC-02/A-9, Sec- C-1 NOC 150, Noida 3 Denso India Ltd., Noida Dadri Road, Post Tilpata, C-1 NOC Greater Noida 4 Saha Infratech Pvt. Ltd., Plot No. SC-01/ CA-07& SC- C-1 NOC 01/CA-08, Sec-150, Noida 5 Suncity Hitech Infrastructures Pvt. Ltd. "Sun Greentech C-1 NOC VALIDITY EXTENSION (upto City Integrated Township Project", NH-24, Village 14.11.22) Dasna, Ghaziabad 6 Shubh Tex, D-27, UPSIDC IA, Rooma, Kanpur C-2 NOC 7 Bharat Petrolium Corp. Ltd.,LPG Plant, UPSIDC IA, C-2 NOC Naini, Allahabad 8 Paswara Papers Ltd., Mohiddinpur, Delhi Road, Meerut C-3 NOC 9 ITC Ltd., Sardar Patel Marg, Saharanpur C-3 NOC 10 Santosh Pigment and Chemical Ind, HE-7, C-4 NOC Sikandrabad, Bulandshahar 11 DS Prints, D-39 UPSIDC IA, Sikandrabad, C-4 NOC Bulandshahar 12 Apco Infratech Pvt. Ltd., Village Meethepur, Gulawati, C-4 NOC Bulandshahar 13 Tricon Speciality Chemicals Pvt. Ltd., Sikandrabad IA, C-4 NOC Bulandshahar 14 Mahalaxmi Dyers, H-7, UPSIDC IA, Sikandrabad, C-4 NOC Bulandshahar 15 Varun Beverages Ltd., Plot No. B-2/1, UPSIDC, Sandila C-5 NOC Phase-IV, Hardoi 16 Smart Enterprises, H-55, Site-II, Ind.Area, Unnao C-5 NOC 17 Government Medical College, Village Dharnidharpur, C-7 NOC Tehsil Sadar, Shahjahanpur CONSENT TO OPERATE - CTO 1 Eldeco Infrastructure and Properties Ltd.
    [Show full text]
  • Ten Stock Picks Under 10X P/E
    Ten stock picks under 10x P/E April 2020 April 3, 2020 Ten stock picks under 10x P/E… It is a Déjà vu (a feeling of having already experienced the present situation) all over again as markets have a tendency, once in a decade, of creating declines of high magnitude and velocity in a very short span of time. This always leaves the investors in a iffy kind of a situation as to whether the world is coming to an end. However, on the contrary, if one thinks rationally, markets also implicitly offer a lot of dislocated opportunities if one seizes them with patience and holds with conviction. Thus, they can generate alpha over a period of time. Hence, to capture one such Déjà vu feeling, we are recommending stocks across large caps, midcaps and small caps space, PICK MOMENTUM which have currently undergone a massive correction on account of the current uncertain environment. The underlying thesis of these stocks is: • Established business models that have survived such panic situations many a time with a credible management at the helm. All the stocks in our recommended universe are trading at or around 10x P/E on FY22E basis • The companies have a steady balance sheet with no leverage and a credible history of generating positive cash flows across business cycles. The RoCE of such companies (>15%) is sufficient to cover their cost of capital and create incremental economic value added or EVA • The companies are consistent dividend distributors. The dividends earned in rough times like these, to some extent, will help to cover the opportunity cost of holding such stocks.
    [Show full text]
  • Kotak Standard Multicap Reg Gr Category Suggested Horizon Equity - Multi Cap 3 Years and Above
    Kotak Standard Multicap Reg Gr Category Suggested Horizon Equity - Multi Cap 3 Years and above Investment Objective Trailing Returns Investment Growth The investment objective of the scheme is to generate Period Inv Bmk1 Time Period: 12/1/2014 to 11/30/2019 long-term capital appreciation from a portfolio of equity 3 months 9.72 9.31 170.0 and equity related securities, generally focused on a few selected sectors. However, there is no assurance that 6 months 1.18 0.09 160.0 the objective of the scheme will be realized. 1 Year 12.80 7.73 150.0 2 Years 6.68 3.54 3 Years 13.56 11.50 140.0 5 Years 10.95 7.24 130.0 Manager Biography Drawdown 120.0 Harsha Upadhyaya since 8/4/2012 Time Period: 12/1/2016 to 11/30/2019 110.0 Operations Inv Bmk1 100.0 Inception Date 9/11/2009 Max Drawdown -11.44 -12.40 90.0 Max Drawdown # of Periods 2.00 2.00 80.0 Minimum Initial 5,000 2015 2017 2019 Max Drawdown Peak Date 9/1/2018 9/1/2018 Annual Report Net Expense Ratio 1.84 Max Drawdown Valley Date 10/31/2018 10/31/2018 Kotak Standard Multicap Reg Gr IISL Nifty 500 PR INR Turnover Ratio % 40.20 Leading Detractors Leading Contributors Time Period: 12/1/2018 to 11/30/2019 Time Period: 12/1/2018 to 11/30/2019 NAV (Mo-End) 37.25 Rescaled Rescaled Return Contribution Return Contribution Weight Weight Risk Reward RBL Bank Ltd 2.38 -31.49 -0.79 ICICI Bank Ltd 7.05 44.68 2.90 Std Dev 12.71 Mahindra & Mahindra Ltd 1.48 -31.96 -0.62 Reliance Industries Ltd 7.28 33.58 2.34 Alpha 1.01 GAIL (India) Ltd 1.81 -24.75 -0.48 HDFC Bank Ltd 7.51 20.81 1.49 Sharpe Ratio 0.80 Larsen
    [Show full text]
  • Ultratech Corporate Dossier August
    INDIA'S LARGEST CORPORATE CEMENT DOSSIER COMPANY Stock code: BSE: 532538 NSE: ULTRACEMCO Reuters: UTCL.NS Bloomberg: UTCEM IS / UTCEM LX Contents ADITYA BIRLA OPERATIONAL ECONOMIC INDIAN CEMENT ULTRATECH GROUP- AND FINANCIAL ENVIRONENT SECTOR LANDSCAPE OVERVIEW PERFORMANCE GLOSSARY Mnt – Million Metric tons Lmt – Lakhs Metric tons MTPA – Million Tons Per Annum MW – Mega Watts Q1 – April-June Q4 – January-March CY – Current year period LY – Corresponding Period last Year FY – Financial Year (April-March) ROCE – Return on Average Capital Employed ROIC – Return on Invested Capital 2 Note: The financial figures in this presentation have been rounded off to the nearest ` 1 cr. 1 US$ = ` 64.46 ADITYA BIRLA GROUP - OVERVIEW Aditya Birla Group – Overview Premium global US$ ~41 billion Corporation conglomerate In the League of Fortune 500 Operating in 36 countries with over 50% Group revenues from overseas Anchored by about 120,000 employees from 42 nationalities Ranked No. 1 corporate in the Nielsen’s Corporate Image Monitor FY15 # 1 cement player in India by Capacity A global metal powerhouse – 3rd biggest # 4 largest cement producers globally producers of primary aluminum in Asia (ex China) # 1 in viscose staple fibre in globally # 2 player in viscose filament yarn in India Globally 5th largest producer of acrylic Globally 4th largest producer of insulators fibre A leading player in life insurance and AM Indian Listed Entities Entities Listed Indian # 3 cellular operator in India Top fashion and lifestyle player in India Among top 2 supermarket chains in retail in India Our Values Integrity Commitment Passion Seamlessness Speed 4 UltraTech Cement India’s largest cement company No.
    [Show full text]
  • Birla Group Holdings Private Limited: Rating Reaffirmed, Rated Amount Enhanced for Commercial Paper Programme
    May 27, 2021 Birla Group Holdings Private Limited: Rating reaffirmed, rated amount enhanced for Commercial Paper Programme Summary of rating action Previous Rated Current Rated Instrument* Amount Amount Rating Action (Rs. crore) (Rs. crore) Commercial Paper (CP) Programme 3,500 4,000 [ICRA]A1+; assigned / reaffirmed Non-convertible debentures programme 500 0 [ICRA]AA- (stable); reaffirmed and withdrawn Non-convertible debentures programme 1,000 1,000 [ICRA]AA- (stable); reaffirmed Total 5,000 5,000 *Instrument details are provided in Annexure-1 Rationale The ratings factor in the position of Birla Group Holdings Private Limited (BGHPL) as one of the main holding companies of the Aditya Birla Group. The ratings factor in the company’s equity ownership of listed Group entities including Grasim Industries Limited (rated [ICRA]AAA(Stable)/A1+), Aditya Birla Capital Limited (rated [ICRA]AAA(Stable)/A1+), Aditya Birla Fashion and Retail Limited (rated [ICRA]AA(Stable) /A1+) and Hindalco Industries Limited. The ratings also factor in the company’s adequate liquidity position backed by the market value of its holdings in listed Group entities and its strategic holdings in non-listed Group companies (including other Group holding companies). Further, ICRA expects the Group to extend capital support to BGHPL, as and when required. The ratings are constrained by the standalone financials of the company and the negative net worth on its balance sheet. The outlook is Stable for the company. ICRA has reaffirmed and withdrawn the rating outstanding on non-convertible debenture programmes of BGHPL aggregating Rs. 500 crore in line with request received from the company.
    [Show full text]
  • Motherson Sumi Systems Companyname
    RESULT UPDATE MOTHERSON SUMI SYSTE MS Strong quarter; looking beyond FY21 India Equity Research| Automobiles COMPANYNAME Motherson Sumi’s (MSS) Q4FY20 EBITDA at INR13.9bn surpassed our and EDELWEISS 4D RATINGS consensus estimates ~40% driven by sharp gross margin improvement Absolute Rating BUY and overall sharpened cost focus. While near-term outlook remains hazy, Rating Relative to Sector Outperform the COMPANYNAME company is well placed to benefit from: 1) Faster-than-expected Risk Rating Relative to Sector High recovery in developed markets. 2) Cost reduction initiatives as volumes Sector Relative to Market Overweight recovers. 3) Strong FCF generation as the peak capex cycle is behind. Management is targeting USD33-35bn revenue over the next five years, which includes ~25% contribution from non-automobile segments MARKET DATA (R: MOSS.BO, B: MSS IN) (aerospace, defence, healthcare, logistics, etc). However, given the near- CMP : INR 102 Target Price : INR 117 term uncertainties, we are adjusting our FY21/22E EPS -40%/+3%. 52-week range (INR) : 151 / 49 Maintain ‘BUY’ with revised TP of INR117 (INR96 earlier) as we roll over Share in issue (mn) : 3,157.7 valuations to FY22E. M cap (INR bn/USD mn) : 322 / 8,113 Avg. Daily Vol.BSE/NSE(‘000) : 11,087.5 Q4FY20: Strong operating performance after long Consolidated revenue of INR151bn (down 12.0% YoY) was ~5% below our estimate. SHARE HOLDING PATTERN (%) However, strong improvement in gross margin (up 240bps YoY) due to product mix and Current Q3FY20 Q2FY20 cost control efforts translated into EBITDA margin of 9.2% (up ~200bps YoY), ahead of Promoters * 61.7 61.7 61.7 our 6.0% estimate.
    [Show full text]
  • Sun Life Excel India Fund
    SUN LIFE EXCEL INDIA FUND Summary of Investment Portfolio* as at September 30, 2020 Top 25 Investments³ Sector Allocation³ Percentage of Net Asset Percentage of Net Asset Holding Name Value of the Fund (%) Value of the Fund % 1 Reliance Industries Limited 8.6 Financials 23.9 2 Infosys Limited 8.5 Information Technology 12.3 3 iShares MSCI India ETF 8.1 Energy 9.3 4 ICICI Bank Limited 7.3 Exchange-Traded Funds - International 5 HDFC Bank Limited 3.9 Equities 8.1 6 HCL Technologies Limited 3.7 Consumer Staples 7.6 7 Bharti Airtel Limited 3.7 Consumer Discretionary 7.1 8 Housing Development Finance Corporation Limited 3.5 Health Care 7.0 9 Hindustan Unilever Limited 3.1 Other Assets less Liabilities 5.7 10 Axis Bank Limited 2.3 Materials 4.7 11 Kotak Mahindra Bank Limited 2.0 Communication Services 4.6 12 Maruti Suzuki India Limited 2.0 Industrials 4.5 13 Mahindra & Mahindra Limited 2.0 Cash and Cash Equivalents 3.1 14 Bajaj Finance Limited 1.9 Real Estate 2.1 15 Dalmia Bharat Limited 1.6 100.0 16 Strides Pharma Science Limited 1.5 17 Dabur India Limited 1.4 Asset Allocation³ 18 Polycab India Limited 1.4 19 Aster DM Healthcare Limited 1.3 Percentage of Net Asset Value of the Fund % 20 Trent Limited 1.3 21 Britannia Industries Limited 1.3 International Equities 91.2 22 Sun Pharmaceutical Industries Limited 1.3 Other Assets less Liabilities 5.7 23 Motherson Sumi Systems Limited 1.3 Cash and Cash Equivalents 3.1 24 Clearing Corporation of India Limited 1.2 100.0 25 UltraTech Cement Limited 1.2 ³ 75.4 Geographic Allocation Total Net Asset Value (©000©s) $ 203,711 Percentage of Net Asset Value of the Fund % India 91.2 Other Assets less Liabilities 5.7 Cash and Cash Equivalents 3.1 100.0 (*) All information is as at September 30, 2020.
    [Show full text]
  • Profitability of Britannia Industries Limited”
    FINAL YEAR BBA(H) STUDY PAPER ON “PROFITABILITY OF BRITANNIA INDUSTRIES LIMITED” SUBMITTED BY: GROUP MEMBERS SUBHAJIT BHATTACHARYA (Roll: 15405015050) SUSHMITA SAHA (Roll: 15405015061) PRITAM DASGUPTA (Roll: 15405015023) RADHIKA DUTTAGUPTA (Roll: 15405015025) STREAM- BBA (H) YEAR- 3rd (THIRD) SEMESTER – 6th (SIXTH) SESSION- 2015-2018 COLLEGE- DINABANDHU ANDREWS INSTITUTE OF TECHNOLOGY AND MANAGEMENT UNIVERSITY- MAULANA ABUL KALAM AZAD UNIVERSITY OF TECHNOLOGY, WEST BENGAL INDEX TOPICS PAGE NUMBER INTRODUCTION 03 OBJECTIVES 04 SIGNIFICANCE OF 04 OBJECTIVES COMPANY PROFILE 04 BOARD OF DIRECTORS 07 PRODUCT LINE 08 THEORITICAL 20 FRAMEWORK RESEARCH METHODOLOGY 35 FINDINGS 36 SUGGESTION 44 CONCLUSION 45 BIBLIOGRAPHY 45 ANNEXURE 46 INTRODUCTION This project is all about analysis of profitability of Britannia Industries Ltd. for last five years (2013-2017) through ratio analysis, where we have analysed company’s profitability & its impact to the business. Here, we have estimated the profitability of the company through changes in gross profit ratio, net profit ratio, operating profit ratio, net worth ratio & return on long term fund ratio. OBJECTIVES The objectives for this project are as follows: i) To enumerate the profitability of Britannia Industries ltd. through profitability ratio analysis. ii) To formulate some specific suggestion from the ratio analysis for the growth of Britannia Industries ltd. SIGNIFICANCE OF OBJECTIVES • Measuring the profitability: Profitability is the profit earning capacity of the business. This can be measured by Gross Profit, Net Profit, Expenses and Other Ratios. If these ratios fall we can take corrective measures. • Facilitating comparative analysis: Present performance can be compared with past performance to discover the plus and minus points. Comparison with the performance of other competitive firms can also be made.
    [Show full text]
  • Hero Motocorp Exchange Offer
    Hero Motocorp Exchange Offer Augustin brines his gadoids trawls knowledgably, but duckier Vasilis never dart so polemically. Is Ulric thyroid or cod when skiatrons some firers bounce pizzicato? Realisable Mitchael desponds baggily. Lcd display that further, there are connected features and exchange offer hefty discounts on Stocks to watch Airtel Future Retail SBI Hero MotoCorp Jubilant Food. Justdial is priced at the spark plugs are used for hero motocorp share. Privacy settings. Hero MotoCorp has great festive offers on quote Hero bikes along with attractive bike. Download vanguard newspapers or the exchange. Motorcycle Market 2021 Global Share Size Future Demand. Hero honda exchange offer QuikrBikes India. Hero MotoCorp Adds Glitter To Festive Season Exchange. Hero MotoCorp Limited NSE National Stock system of. Equity indices subdued auto stocks suffer ANI News. MarketBuzz Podcast With Reema Tendulkar Sensex Nifty. Hero Super Splendor User Reviews Milage is walking for god drive Good commuter bike on upper range of price And it mind also gives a regular mileage with minimum service cost. Hero MotoCorp GAIL India Bajaj Auto HDFC Life BPCL and NTPC. Share Market LIVE Updates Sensex Nifty Edge Lower. Motherson Sumi Hero MotoCorp and Ashok Leyland led the. Hero Wars Vip Points. Hero motocorp bs4 online booking Pravoorgmk. Do share price page button is offering exchange offers are the. If the side stand and hyderabad, phone numbers mentioned before investing resources from exchange offer. 4050 results for hero honda exchange made in QuikrBikes India 411 Results on 19 February 2021 Featured Sort by Most Popular Recently Posted Lowest. Hero MotoCorp hits 100m units Vanguard News.
    [Show full text]
  • Equity-Thematic
    EQUITY-THEMATIC NET ASSET VALUE Option NAV (` ) Reg-Plan-Dividend 9.5442 Reg-Plan-Growth 9.5441 Dir-Plan-Dividend 9.5809 Dir-Plan-Growth 9.5808 Investment Objective The investment objective of the scheme is to provide long term capital appreciation by investing in a diversified basket of companies in Nifty 50 Index while aiming for minimizing the portfolio volatility. However, there is no PORTFOLIO guarantee or assurance that the investment objective of the scheme will be achieved. Stock Name (%) Of Total AUM % of AUM Derivatives Stock Name (%) Of Total AUM % of AUM Derivatives Fund Details Equity Shares HDFC Ltd. 0.95 - • Type of Scheme Dr. Reddy's Laboratories Ltd. 8.70 - Zee Entertainment An Open Ended Equity Scheme following HCL Technologies Ltd. 7.83 - Enterprises Ltd. 0.94 - minimum variance theme Britannia Industries Ltd. 7.78 - UPL Ltd. 0.94 - • Date of Allotment: 02/03/2019 Tech Mahindra Ltd. 7.61 - Bharat Petroleum Wipro Ltd. 7.56 - Corporation Ltd. 0.94 - • Report As On: 28/02/2020 Infosys Ltd. 7.48 - Reliance Industries Ltd. 0.93 - • AAUM for theMonth of February 2020 Tata Consultancy Services Ltd. 5.35 - Maruti Suzuki India Ltd. 0.93 - ` 50.14 Crores Nestle India Ltd. 3.81 - JSW Steel Ltd. 0.93 - • AUM as on February 28, 2020 Cipla Ltd. 2.50 - Bharti Infratel Ltd. 0.93 - ` 46.59 Crores Power Grid Corporation Mahindra & Mahindra Ltd. 0.92 - • Fund Manager: Mr. Raviprakash Sharma Of India Ltd. 2.11 - Hero Motocorp Ltd. 0.90 - Managing Since: March-2019 Kotak Mahindra Bank Ltd. 1.33 - ITC Ltd.
    [Show full text]