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Tata Motors - TESLA of India ?

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Tata Motors which reported extremely poor results last quarter due to covid impact is looking ahead now. Tata Nexon EV (electric vehicle) sales is above expectations as per market reports. Tata has been getting extremely positive response for its EV compared to MG or Hyundai. Can this be treated as a positive to buy Tata Motors shares ? Lot of questions to be answered. Can this surge in EV sales lift Tata Motors ? Tata motors has an upper hand in EV game as it has charging infrastructure ready in most cities at least in the dealerships and the service network is remarkable.  Also going by the sales, Tata nexon EV is the first real blockbuster EV car in India. Tata could easily capitalise on the EV transformation wave. Tata motors shared are set for value upgrade considering the bright future for EV. Could Tata motors be the TESLA of India ? This question can be answered in the next 12 months easily. Govt has also announced sops for EV like Zero road tax, subsidy for Battery, Registrati

Tata Consumer Products Profit Zooms

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Tata Consumer Products, the maker of TATA Salt, TATA Tea, Tetley, Eight O' clock and Himalayan Water's First quarter profit up 80% at Rs 346 crores compared to 190 crores last year. Looks like Tata consumer (Tata beverages) has immensely benefited from covid 19 crisis. People have consumed a lot of Tata products this quarter! Company had acquired Nourishco beverages and as a result of which profit increased by 84 crores. But at the same time the profit was reduced by Tata Starbucks due to the impact of COVID-19 on closure.

Jio Profit doubles to 2500 crores in Q1 2021

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Jio owned by Reliance Industries limited has announced record profit in the first quarter of 2021. Net Profit has nearly doubled to 2500 crores. Jio had declared a profit of ₹891 crore for the same quarter last year. Quarterly revenue too rose  by 35 percentage to ₹16,557 crore compared to last year. The total subscribers of Reliance Jio has increased to 398 million as of July 1st 2020. The average revenue per user (ARPU) grew 7.5% to ₹140 per user.  The growth in data consumption happened due to covid 19 led lockdown. The gold plating in this result is that the company added 1.5 crore new subscribers during this pandemic inspite of severe lockdown restrictions. It also said that each subscribed used an average data of around 12 GB per month. Meanwhile Jio's standalone EBITDA for the June quarter reported 55% YoY rise to ₹ 7,281 crore.  Jio Platforms also raised ₹152,056 crore from 13 investors which includes Google, Facebook, Silver Lake, Vista Equity Partners, General Atlantic, K

Yes Bank - Worst is over ? Q1 Profit drops

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Yes bank 2020-2021 1st Quarter profit has dropped below 50 crores. But the operating profits increased to 1100 crores inspite of corona related provisioning. Surprisingly the deposits have increased in Yes Bank inspite of all the bad news. Bank has managed to retain its customers and also increase the deposits. Net lending margin has also increased to 3% NPA has only increased marginally from 16.80 per cent to 17.30 per cent and compared to 5.01 per cent in same quarter last year. Net bad asset ratio declined to 4.96 per cent from 5.03 per cent last quarter. Based on the results one can assume that the worst is behind. However the only issue is the EPS which has decreased significantly to 4 paise per share mainly due to increased dilution of equity.

Mahindra & Mahindra Financial Service Rights issue from today

Mahindra & Mahindra Financial Service Rights issue has opened today for the existing shareholders. The Rights issue will close next month on August 11, 2020. The primary objective is to enhance the capital requirements. Price per share is Rs.50 Mahindra is raising 3000 crores + through this rights issue. Existing shareholders can subscribe to 1 share per 1 share held. that is 100% of their existing shareholding. 

Indian Banks NPA to increase 75% by 2021

Sounding alerts for the Indian economy, the Reserve Bank of India (RBI) has said that the macro stress tests for credit risk indicate that the GNPA ratio of all scheduled commercial banks may increase from 8.5 per cent in March this year to 12.5 per cent by March 2021 under the baseline scenario. The ratio may escalate to 14.7 per cent under a very severely stressed scenario. The central bank also indicated that the NPAs could reach 22 year high soon.

Lockdown India - mobile subscribers down by 82 lakhs

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Due to lockdown in April 2020, Indian mobile subscribers reduced drastically by 82 lakhs. Airtel lost 52 lakh subscribers while Vodafone Idea lost 45 lakh subscribers. JIO added 16 lakh new subscribers. The loss of subscribers are mainly due to the inability of the lower end users to recharge particularly the migrants.