BASIC2BEMISAL | NIFTY I BANKNIFTY | BTST 📶☺️👍

Book profit in Nifty made low 18166..25, 3rd🎯 Achieved from our short levels 18300.✈️✈️✈️✈️✈️ Banknifty made low 43542.85, Nr. 3rd🎯 Achieved from our short level 43842.✈️✈️✈️✈️✈️✈️

STOCK IN NEWS:- Bharti Airtel: The telecom operator has recorded a massive 89.2 percent sequential growth in consolidated profit at Rs 3,005.6 crore for the quarter ended March FY23 due to lower tax costs. Profit in the previous quarter was impacted by an exceptional loss of Rs 669.8 crore. Revenue from operations for the quarter at Rs 36,009 crore grew by 0.6 percent over the previous quarter. On the operating front, EBITDA grew by 1.1 percent QoQ to Rs 18,806.7 crore with a margin expansion of 20 bps at 52.2 percent, while average revenue per user (ARPU) was flat at Rs 193 on a sequential basis. Bharat Petroleum Corporation: The oil marketing company has received board approval for an ethylene cracker project at Bina refinery including downstream petrochemical plants and expansion of the refinery with capital expenditure of approximately Rs 49,000 crore. The company will also be setting up two 50 MW wind power plants for captive consumption one at Bina Refinery in Madhya Pradesh and another at Mumbai Refinery in Maharashtra, with a total project cost of Rs 978 crore. It will be putting up petroleum oil lubricants (POL) and lube oil base stock (LOBS) storage installations with receipt pipelines at Rasayani in Maharashtra with a project cost of Rs 1,903 crore. Jindal Steel & Power: The steel producer has reported a 69.5 percent year-on-year decline in consolidated profit at Rs 465.66 crore for the March FY23 quarter, impacted by weakness in operating performance and a one-time loss of Rs 153 crore during the quarter. Revenue from operations for the quarter at Rs 13,692 crore declined by 4.5 percent compared to the same period last fiscal. JK Paper: The paper & packaging board company has registered a 15 percent year-on-year decline in consolidated profit at Rs 283.52 crore for the quarter ended March FY23, dented by dismal operating numbers. Revenue from operations for the quarter grew by 4.6 percent to Rs 1,719.4 crore compared to the corresponding period last fiscal. The board has recommended a final Dividend of Rs 4 per share. Redington: The technology solutions provider has reported a 10.88 percent year-on-year fall in consolidated profit at Rs 310.1 crore for the January-March FY23 quarter, impacted by lower operating margin. Revenue from operations was the highest ever for any quarter at Rs 21,848.6 crore, growing 26.3 percent over the same period last year supported by solid execution across businesses and geographies. The board recommended a dividend of Rs 7.20 per share for FY23. MRF: The tyre manufacturer has entered into a purchase agreement with First Energy 4 Private Limited for the purchase of solar power and will be acquiring upto 19.10 percent equity of the company for Rs 13.09 crore. First Energy 4 is a solar power generation company.

Results on May 17: Jubilant FoodWorks, REC, Deepak Fertilisers & Petrochemicals Corporation, Devyani International, Endurance Technologies, Eris Lifesciences, Glaxosmithkline Pharmaceuticals, Honeywell Automation India, Jindal Saw, JK Tyre & Industries, Jindal Stainless, MTAR Technologies, Quess Corp, RailTel Corporation of India, Sterlite Technologies, Thermax, Vaibhav Global, Whirlpool

Book profit in Nifty made low 18370.05, Nr.1st🎯 from our short level 18423✈️✈️✈️ Banknifty made low 43867, 1st 🎯 done from our short level 44008✈️✈️✈️✈️

Stocks under F&O ban on NSE Delta Corp, GNFC, Punjab National Bank BHEL

Stocks in the news:- Berger Paints: The paint manufacturing company has recorded a nearly 16 percent year-on-year decline in consolidated profit at Rs 185.7 crore for the quarter ended March FY23 impacted by a fall in operating margin performance. Revenue from operations for the quarter at Rs 2,443.6 crore grew by 11.7 percent over a year-ago period. Coromandel International: The fertiliser company has recorded a 15 percent year-on-year decline in consolidated profit at Rs 246.44 crore for the quarter ended March FY23, dented by contraction in operating profit margin. Revenue from operations remained strong, rising 29.5 percent to Rs 5,476 crore compared to the year-ago period. PVR Inox: The multiplex chain operator has reported first quarterly earnings performance after merged entity, posting consolidated loss of Rs 333.4 crore for quarter ended March FY23. Consolidated revenue from operations for the quarter stood at Rs 1,143.2 crore and EBITDA at Rs 263.9 crore with margin at 23.1 percent. It had one-time loss of Rs 10.8 crore for the quarter. HDFC Bank: The Sebi has granted approval for the proposed change in control of HDFC Capital Advisors, a subsidiary of HDFC and a co-investment portfolio manager, pursuant to proposed composite scheme of amalgamation for the amalgamation of HDFC with HDFC Bank. The proposed amalgamation is subject to receipt of final approvals from Sebi in respect of change in control of certain subsidiaries of HDFC. Pfizer: The biopharmaceutical company has recorded a 3 percent year-on-year growth in profit at Rs 129.65 crore for quarter ended March FY23, and revenue from operations during the same period grew by 4.2 percent to Rs 572.64 crore. At the operating level, EBITDA (earnings before interest, tax, depreciation and amortisation) increased by 10 percent to Rs 181.9 crore with margin expansion of 170 bps to 31.8 percent compared to same period last year. Astral: The CPVC pipes and fitting manufacturer has reported a massive 45.5 percent year-on-year growth in consolidated profit at Rs 205.7 crore for the quarter ended March FY23, driven by healthy operating performance. Revenue from operations for the quarter grew by 8.3 percent to Rs 1,506.2 crore compared to the same period last year with the plumbing business growing 3.6 percent and the paints & adhesives business showing a 25 percent growth.

Results on May 16 Bharti Airtel, Bank of Baroda, Indian Oil Corporation, Jindal Steel & Power, Amber Enterprises India, Chemplast Sanmar, CreditAccess Grameen, Granules India, Indo Rama Synthetics, JK Paper, Jubilant Ingrevia, Kajaria Ceramics, LIC Housing Finance, Metropolis Healthcare, Oberoi Realty, Paras Defence and Space Technologies, Talbros Automotive Components, Triveni Turbine.

Book profit in NIFTY 18470, 1st. 🎯 Achieved from our buying level 18404. Banknifty 44064, 1st🎯 Achieved from our buying level 43918.