04 Aug 21 ET summary

Kumar Manglam Birla Ready to sell a stake of 27.66%

No word from Vodafone which holds 44.39%

Though Vodafone CEO Nick Read said they are ready to provide support but not capital infusion.

The government is planning to put Rs, 70,000 CR in BSNL

Vodafone Idea has never reported a quarterly profit since the merger of Vodafone India and Idea Cellular on August 31, 2018 and has been rapidly losing customers to its rivals ever since. More problems with AGR dues & debt of Rs. 1.8L CR.

If Government is infusing Rs. 70,000 CR in BSNL then talks of Duopoly are pre-mature. Vodafone is the only foreign player in the Indian market. All others which came in during the infamous 2G spectrum auction have left. Vodafone which brought stake from Hutch which in turn brought stake from Orange is the only old man standing. 

https://economictimes.indiatimes.com/industry/telecom/telecom-news/govt-preparing-relief-package-for-telecom-sector/articleshow/85023683.cms

BHEL currently priced at Rs. 60.30 is expected to fall to Rs. 23 (62% downfall) by Goldman Sachs.

Reason being low reliance on thermal generators, subdued order book and lack of demand.

Institutional equities has suspended coverage on the stock.

While Goldman Sachs gives target of Rs. 23, Edelweiss gives target pricfe of Rs. 35. Prabhudas Liladhar gives a target price of Rs. 34

https://economictimes.indiatimes.com/markets/stocks/news/bhel-at-rs-23-q1-loss-narrows-but-analysts-see-up-to-62-downside/articleshow/850353

SBI showed growth in all numbers except provisions.

Net Interest Income grew 3.7%  Net interest Margin fell from 3.33% to 3.24% Non Interest revenue up 24.3% Operating profit before Provision grew by 5%

Even though NPA increased, GNPA increase from 4.98% to 5.32% and Net NPA increasefrom 1.50% to 1.77%, Provision fell to 19.60%.

As a result Net profit increase by 55% 

https://economictimes.indiatimes.com/markets/stocks/earnings/sbi-q1-results-net-profit-jumps-55-yoy-to-rs-6504-cr-beats-estimates-asset-qual