TECHNICAL Bullish candle with decrease in volume

• Indian Equity market allied on Friday to reach fresh recordclosing highs after data showed a pick-up in manufacturingactivity in June and a dip in retail inflation in July. India'sconsumer price inflation slowed more than expected in Julymainly due to softening food prices, preliminary data fromthe statistics ministry showed.

• On the sectoral front, gains were seen in IT, FMCG, financialservices and metal indices, while pharma, media and realtyindices ended in the red.

• On the technical front, a bullish candle on the daily timeframe lifted the Index to a new record high and seems fairthat if the Index is able to sustain its upmove above the 16350level mark then the rally might extend further towards 16600-16660 in near term. The elevated support level for the Indexcomes from the bullish gap zone of Aug 4 at 16150.Structurally, the index has resolved out of healthyconsolidation and it can be expected that the Index to tradewith a positive bias amid elevated volatility. Hence dipstowards 16150-16200 can be used to create long position fortarget of 16600-16660

• On the option front, maximum Put OI is at 16000 followed by16500 strike, while maximum Call OI is at 16500 followed by17000 strike. Call writing was seen at 16800 strike, followedby 17000 strike while Put writing was seen at 16500 strike,followed by 16400 strike.

ASHIKA GROUP

TECHNICAL BUILDUP

• Bullish candle with decrease in volume

• Buy crossover in oscillators

• Lower band of Bollinger exist at 15485

• Crucial moving average of 20/50 SMA

are at 16016 and 15865

• 200 SMA trend deciding level exist at

14613

OUTLOOK OF THE DAY

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704

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WorldIndices

LTPDaily

Ch (Pts)Daily

Ch (%)

Dow Jones 35515 15 0.04

Nasdaq 14822 6 0.04

S&P 500 4468 7 0.16

FTSE 100 7218 25 0.35

DAX 15977 39 0.25

Hang Seng 26388 1 0.01

Nikkei 27513 -474 -1.69

Sensex 55437 593 1.08

Nifty 16529 164 1.01

Commodity/ Forex

LTPDaily

Ch (Pts)Daily

Ch (%)

Gold ($/Oz) 1778.20 26.40 1.51

Silver ($/Oz) 23.78 0.66 2.87

Brent Crude ($/bl) 70.59 -0.72 -1.01

Dollar Index 92.51 -0.52 -0.56

USD/INR 74.24 -0.0088 -0.01

USD/YEN 109.59 -0.82 -0.74

EUR/USD 1.1797 0.0067 0.57

Support/Resistance levels for Indian Equity Indices

S2 S1 CMP R1 R2

Sensex 54925 55240 55437 55675 55870

Nifty 16375 16470 16529 16600 16660

Nifty (Fut) 16365 16460 16517 16590 16650

Pivot Level

Sensex 55276

Nifty 16483

With export momentum gaining strength, Jawaharlal Nehru Port Trust (JNPT)

- the country ’s largest container port - aims to sustain pre-Covid levels of

cargo volumes amid continued container shortage. (BS)

The announcement of a Rs 100 lakh crore 'Gatishakti ' init iat ive by Prime

Minister Narendra Modi wil l lead to an all-round national development with

focus on jobs, growth and self -rel iance, India Inc said on Sunday. (BS)

The governments decision to null i fy retrospective taxation provisions has

brought fresh lease of l i fe to its strategic disinvestment plan with growing

overseas investor interest in picking up management control of public sector

undertakings put on the block for privatisat ion . (BS)

It is highly unlikely that India wil l become a USD 5 tr i l l ion economy by 2024-

25 due to the slowdown caused by the COVID-19 pandemic, University of

Massachusetts professor Vamsi Vakulabharanam has said. (BS)

The government wil l launch a Rs 100-tr i l l ion infrastructure plan that wil l

beef up roads, ports , a irports while providing jobs, said Prime Minister

Narendra Modi on Sunday as he asked Indians to join the post-Covid

reconstruction of India and put the horrors of the pandemic behind them.

(BS)

India used to import mobile phones worth USD 8 bil l ion seven years ago and

now the country is export ing such devices worth USD 3 bil l ion while reducing

imports signif icantly , Pr ime Minister Narendra Modi said on Sunday. (BS)

Cash losses of power distr ibution companies (discoms) wil l remain elevated

at around Rs 46,000 crore this f iscal or 40 per cent higher than the Rs 33,000

crore seen in the pre-pandemic levels of f iscal 2020, Crisi l Ratings has said .

(BS)

Apparel exports to major markets such as the US, Europe, UK, Saudi Arabia,

Canada, Japan, and Austral ia are recording healthy growth and the sector

would contribute signif icantly in achieving India's USD 400 bil l ion exports

target for the current f iscal year , AEPC said on Saturday. (BS)

ASHIKA GROUP

ECONOMY

NEWS


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Dalal Street wil l be busy in the list ing of four companies today. Devyani

International , Krsnaa Diagnotics , Exxaro Tiles and Windlass Biotech mark

their debut . Grey market premiums for many of them have come down

thanks to sell ing in broader markets .

Star Cement announced share buy-back worth 82 lakh share or 2% equity at

Rs150 a share.

Tata Motors plans to drive in new models, expand sales network as it a ims to

maintain its double digit market share in the highly competit ive domestic

market .

Zensar Technologies signed a 4-year mult i -mil l ion-dol lar contract with the

City of San Diego . Zensar has been selected as the provider of enterprise

compute services and workplace services by the City of San Diego.

Coal India has set a capital expenditure target of Rs 17 ,000 crore for the

2021-22 fiscal , which is around Rs 4,000 crore more than its spending last

year . The miner is expecting an improvement in cash flow with rising

demand for coal and higher realisat ion from e-auction sales .

Wockhardt signed an agreement with Dubai- incorporated Enso Healthcare

DMCC and Human Vaccine LLC to manufacture and supply the Russian covid

vaccine Sputnik V and its single-dose Light version.

L&T’s heavy engineering arm bagged an order for ox idation reactor from

Technip Energies India for the technologically cr it ical Titanium Clad

Reactor .

IRB Infra' s SPV CG Tollway said it has achieved ful l commercial operation

date (COD) for Chittorgarh-Gulabpura six- laning highway project in

Rajasthan . The National Highway Authority of India (NHAI) has issued

completion cert if icate to IRB Infrastructure Developers .

Aster DM Healthcare is bett ing big on expanding its presence In India and

will invest around Rs 235 crore to add 411 beds in the country in the next 18

months.

ASHIKA GROUP

CORPORATE

NEWS


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Oil & Natural Gas Corporation Ltd. : Net Revenue at Rs . 108135 .6 crore, +73%YoY and -5 .3% QoQ. EBITDA at Rs . 16286.7 crore, +84 .3% YoY and +5.2% QoQ.EBITDA Margin at 15 . 1%, +92 bps YoY and +150 bps QoQ. Net Profit at Rs .6846.7 crore, +531% YoY and -37.5% QoQ.

Grasim Industr ies Ltd . : Net Revenue at Rs . 19919 .4 crore, +52 .7% YoY and -18 .4% QoQ. EBITDA at Rs . 5323 . 1 crore, +64 .7% YoY and -9 .8% QoQ. EBITDAMargin at 26.7%, +194 bps YoY and +255 bps QoQ. Net Profit at Rs . 2412 .3crore, +310% YoY and -7.2% QoQ. Ashika

Apol lo Hospitals Enterprise Ltd. : Net Revenue at Rs . 3760.2 crore, +73 .2% YoYand +31 . 1% QoQ. EBITDA at Rs . 519 .9 crore, Rs . 35 .5 crore YoY and +26.2% QoQ.EBITDA Margin at 13 .8%, +1219 bps YoY and -53 bps QoQ. Net Profit at Rs .500.7 crore, Rs. -226.2 crore YoY and +194.7% QoQ.

Indraprastha Gas Ltd . : Net Revenue at Rs . 1380 .5 crore, +99 .3% YoY and -19 .3%QoQ. EBITDA at Rs . 380.9 crore, +356 .4% YoY and -22 .6% QoQ. EBITDA Marginat 27 .6%, +1554 bps YoY and -116 bps QoQ. Net Profit at Rs . 278.0 crore,+690.1% YoY and -25.9% QoQ. Ashika

Hindustan Aeronautics Ltd. : Net Revenue at Rs . 1615 .8 crore, -7% YoY and -85% QoQ. EBITDA at Rs . 242 .5 crore, -36 .9% YoY and -91 .1% QoQ. EBITDAMargin at 15%, -713 bps YoY and -1039 bps QoQ. Net Prof it at Rs . 194 .7 crore,+31% YoY and -88% QoQ.

Info Edge (India) Ltd. : Net Revenue at Rs . 327.3 crore, +14 .8% YoY and +10 .4%QoQ. EBITDA at Rs . 98.7 crore, -5 .1% YoY and +89.3% QoQ. EBITDA Margin at30 .2%, -634 bps YoY and +1258 bps QoQ. Net Profit at Rs . 155 .3 crore, +65 .8%YoY and -49.6% QoQ.

Ruchi Soya Industr ies Ltd . : Net Revenue at Rs . 5266.2 crore, +73 . 1% YoY and+8.8% QoQ. EBITDA at Rs . 331 .0 crore, +168% YoY and +32.6% QoQ. EBITDAMargin at 6 .3%, +223 bps YoY and +113 bps QoQ. Net Profit at Rs . 173 .5 crore,Rs. 12 .3 crore YoY and -44.8% QoQ. Ashika

JK Cement Ltd. : Net Revenue at Rs . 1714 .2 crore, +70.6% YoY and -19 .7% QoQ.EBITDA at Rs . 402.9 crore, +89.5% YoY and -9 .3% QoQ. EBITDA Margin at23 .5%, +235 bps YoY and +268 bps QoQ. Net Profit at Rs . 190 .1 crore, +280.6%YoY and -11 .3% QoQ. Ashika

ASHIKA GROUP


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Q1FY22 RESULT

HIGHLIGHTS

ASHIKA GROUP


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• *Websol Energy System Ltd : Mckinley Capital Measa Fund OeicLimited Buy 175000 Shares @ Rs. 68.85

BULK DEAL

INSIDER TRADE

*Infinite Trade and Investments Limited Promoter Group

Acquisition 2000000 shares of Adani Green Energy Ltd on

12-Aug-21

*Alexander M George Director Acquisition 66667 shares of

Muthoot Finance Ltd. on 11-Aug-21

*Aagam Agencies Pvt Ltd Promoter Acquisition 146 shares

of Atul Ltd. on 10-Aug-21

*Kavinder Singh Director Acquisition 50000 shares of

Mahindra Holidays & Resorts India Ltd. on 12-Aug-21

*Rambagh Facility Services LLP Promoter Group

Acquisition 331954 shares of Globus Spirits Ltd.

*Sundeep Sikka Director Disposal 282046 shares of Nippon

Life India Asset Management Ltd

*Peterhouse Investments Ltd. Promoter Disposal 300000

shares of Usha Martin Ltd. on 11-Aug-21

*Himanshu Kaji Director Disposal 2364000 shares of

Edelweiss Financial Services Ltd.

*Max Ventures Investment Holdings Private Limited

Promoter Pledge 100000 shares of Max Financial Services

Ltd on 11-Aug-21

ACQUISITION

DISPOSAL

PLEDGE

ASHIKA GROUP


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*Sundeep Sikka Director Revoke 282046 shares of Nippon

Life India Asset Management Ltd

*SANJAY LABROO Promoter & Director Revoke 1695713

shares of Asahi India Glass Ltd. on 09-Aug-21

REVOKE

ASHIKA GROUP


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NIFTY

FII/FPI & DII TRADING ACTIVITY13/08/2021 12/08/2021 11/08/2021 10/08/2021 09/08/2021 06/08/2021

FII 819.77 -212.11 238.14 -178.51 211.91 -69.37

DII 149.5 307.75 206.28 689 -716.15 -631.00

SHRIRAMCIT 2158.1 19.2% KSCL 649.4 -9.3%

SUPRAJIT 337.6 6.9% INDOCO 476.8 -8.2%

STARCEMENT 116.1 6.8% AUROPHARMA 761.3 -7.9%

TASTYBITE 18946.6 6.7% DISHTV 13.3 -5.4%

MAHABANK 20.5 6.5% GMMPFAUDLR 4417.9 -5.3%

VAKRANGEE 38.4 6.1% NATCOPHARM 988.6 -5.1%

KPITTECH 332.4 5.6% SEQUENT 252.7 -4.9%

POLYCAB 1900.3 5.0% PRESTIGE 338.8 -4.6%

MAHSEAMLES 322.2 5.0% HUHTAMAKI 269.4 -4.2%

REDINGTON 346.5 4.9% APLAPOLLO 1607.2 -4.0%

ASHIKA GROUP


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DERIVATIVE

REPORT

• Nifty gained by 1.01% with Nifty future added10.74 lakh shares in open interest and stockfuture added 449.6 Lakh shares in openinterest .

• Nifty PCR increased to 1 .73 from 1.54

• Total Nifty Calls shaded 158.1 lakh shares inopen interest .

• Total Nifty Puts shaded 113.8 lakh shares inopen interest .

• Maximum open interest (Nifty) in Calls forAug series is at 16500 and 15000 put.

• FII ’s bought net Rs. 819.77 Cr(provisional) ,while DIIs bought net Rs. 149.5 Cr in cashmarket.

• FII bought net Rs. 8948.92 Cr in F&O

• Securities in Ban Period:• - CADILAHC, CANBK, IBULHSGFIN,

NATIONALUM, PNB, RBLBANK, SAIL, SUNTV

NIFTY TRACKER

TRADE STATISTICS FOR 13.08.2021

Particulars 13/08/2021 12/08/2021 11/08/2021 10/08/2021

Spot 16529.1 16364.4 16282.25 16280.1

% Change in Spot 1.01% 0.50% 0.01% 0.13%

Nifty(FUT) Aug 16517.35 16358.6 16283.35 16276.95

Nifty(FUT) Aug Vol. 127121 88837 145030 127270

Nifty(FUT) Aug - OI 13647700 12988150 12223300 12743300

Nifty(FUT) Sep 16549.2 16398 16326.75 16319.95

Nifty(FUT) Sep Vol. 15937 7119 8706 7498

Nifty(FUT) Sep - OI 1756000 1400150 1264250 1248800

Particulars No. of Contracts Turnover (Rs. Cr.) Put Call Ratio

NSE Index Futures 260440 22369 -

NSE Stock Futures 807787 68898 -

NSE Index Options 36380312 3138613 -

NSE Stock Options 3228795 288121 4347.32

NSE F&O Total Turnover 40677334 3,518,000 17636.37

NSE Cash Turnover - 61,921.76

BSE Cash Turnover - 5,560.82

Total Turnover - 3585483 -

MARKET OPEN INTEREST

FII CORNER (F&O)

ASHIKA GROUP


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FII NET BUYING/SELLING & CHANGE IN OPEN INTEREST (Cr. Rupee)

Particulars

13/08/2021 12/08/2021 11/08/2021

Net Buying/Selling

Change InOpen interest

Net Buying/Selling


Net Buying/Selling


Index Future 631 1258 889 -299 -905 -405

Index option 7157 41742 4273 -34476 1511 4415

Stock Future 1437 1164 575 1975 899 190

Stock option -276 1458 -16 1019 -128 488

Total 8949 45621 5721 -31782 1377 4688

Index Futures 2132 1153 -1174 1313 253

Index Options 1876 3340 1023 -1217 -929

Stock Futures -122282 45746 33556 46002 50668

Stock Options 3317 4348 1825 -1980 6442

F&O Total -114957 54587 35230.35 44117.92 56433.83

GRASIM 7,143,525 7,801,400 1,503.90 0.72% 9.21%

TATACONSUM 7,242,750 7,719,300 806.9 4.22% 6.58%

ESCORTS 5,069,350 5,385,050 1,271 0.14% 6.23%

UBL 1,721,300 1,810,200 1,395.40 0.09% 5.16%

INDIGO 2,825,500 2,950,000 1,672.10 0.06% 4.41%

Increase in OI with Decrease in Price (Short Buildup)

Symbol Prev OI Curr OI CMP Pr.Chg (%) OI Chg (%)

EICHERMOT 3,126,900 3,665,550 2,550 -1.89% 17.23%

NATIONALUM 77,537,000 88,162,000 83.95 -0.83% 13.70%

COALINDIA 44,893,800 48,224,400 143.6 -0.62% 7.42%

MARICO 8,252,000 8,860,000 516.15 -0.32% 7.37%

PAGEIND 76,740 82,200 31,000 -3.92% 7.11%

HIGHEST REDUCTIONS

NIFTY OPTION OPEN INTEREST STATISTICS

HIGHEST ADDITIONS

ASHIKA GROUP


WWW.ASHIKAGROUP.COM

Expiry Strike Option Type Settlement Price Volume Open Interest Change In OI

18-Aug-21 16400 PE 44.4 1206987 6060200 5229100

18-Aug-21 16500 PE 74.75 859889 4114400 3540700

18-Aug-21 16800 CE 5.45 488863 3847150 2769900

18-Aug-21 16300 PE 27.6 821435 5360200 2431750

18-Aug-21 15800 PE 6.8 212224 2964600 2131650

18-Aug-21 16450 PE 57.75 614331 2063200 1994600

18-Aug-21 17000 CE 2.1 329997 3206400 1852150

18-Aug-21 15500 PE 4.05 396067 2936200 1633250

18-Aug-21 15900 PE 8.1 203929 2232650 1490450

18-Aug-21 14500 PE 2.2 69424 1953700 1381550

Expiry Strike Option Type Settlement Price Volume Open Interest Change In OI

26-Aug-21 15000 PE 7 60983 3803000 -845450

26-Aug-21 16300 CE 281.2 69085 1305900 -459400

26-Aug-21 15300 PE 8.45 26639 889450 -290200

18-Aug-21 16350 CE 201 170950 502250 -284200

26-Aug-21 15400 PE 9.45 26050 882150 -282750

26-Aug-21 16200 CE 362.2 23127 877400 -238950

26-Aug-21 14900 PE 6 7980 585700 -137600

26-Aug-21 15600 PE 13.35 31029 1072400 -136350

26-Aug-21 14800 PE 5.65 10686 467450 -116050

18-Aug-21 16200 CE 334.75 37574 251400 -110400

136

300

2677

00

120

89

50

5473

50

129

780

0

458

350 877

400 13

059

00

1545

400

2557

600

1256

700

1151

80

0

1054

80

0

676

950

1570

450

2273

00

1835

50

130

850 41

025

0

2527

00

1072

400

119

66

00

2541

700

168

96

00

3557

80

0

126

120

0

186

840

0

200

00

50

1751

050

2856

550

4613

50

130

950

7625

0

3725

0

5528

50

250

0

119

00

156

00

2045

0

3245

0

0

500000

1000000

1500000

2000000

2500000

3000000

3500000

4000000

15600

15700

15800

15900

16000

16100

16200

16300

16400

16500

16600

16700

16800

16900

17000

17100

17200

17300

17400

17500

Call -Put Options Open Interests Distributions for Aug'21 Contract

Call

Put

HIGHEST REDUCTIONS

STOCK OPTION OPEN INTEREST STATISTICS

HIGHEST ADDITIONS

ASHIKA GROUP


WWW.ASHIKAGROUP.COM

SAIL 26-Aug-21 140 CE 2.9 4595 17157000 6308000

IDEA 26-Aug-21 5 PE 0.2 222 42980000 5810000

NATIONALUM 26-Aug-21 90 CE 0.85 972 6528000 3910000

ASHOKLEY 26-Aug-21 140 CE 1.4 6258 12379500 3496500


ASHOKLEY 26-Aug-21 135 CE 2.25 5804 8833500 2686500

SAIL 26-Aug-21 135 CE 4.6 2291 6384000 2508000

IDEA 26-Aug-21 6 CE 0.75 212 30870000 2450000


IDEA 30-Sep-21 9 CE 0.3 50 12600000 1960000

IDEA 26-Aug-21 9 CE 0.1 549 89880000 -3570000

ITC 26-Aug-21 210 CE 4.15 9595 16240000 -3548800

IDEA 26-Aug-21 5 CE 1.5 36 8750000 -2170000

IDEA 26-Aug-21 8 CE 0.15 464 79730000 -1890000

COALINDIA 26-Aug-21 150 CE 0.95 2175 12608400 -1621200

ITC 26-Aug-21 230 CE 0.5 4071 13942400 -1516800

IDEA 26-Aug-21 8 PE 1.8 24 34860000 -1260000

TATAMOTORS 26-Aug-21 300 CE 13.1 4377 6783000 -1256850

BHARTIARTL 26-Aug-21 630 CE 15.7 13783 3316992 -1171683

ITC 26-Aug-21 215 CE 2.25 9691 20342400 -1107200

➢ During the quarter company has prior it ized the safety of employees and

customers .

➢ Company has vaccinated around 95% of its total employees .

➢ Company is confident of returning to normalcy .

➢ GST collection is back on track and monsoon has been good which gives

good crop season in next quarters .

➢ Company’s 90% of outlets are operating normal .

➢ Festive season will start from the month October . Company expect posit ive

trend in 2HFY22 start ing with fest ive season.

➢ The underlying factors l ike under penetration, employment and personal

mobil ity wil l dr ive the 2W industry growth.

➢ The registrat ion data in Vahaan lags the real data . The actual retail data

wil l come after some time.

➢ There has been good off take in demand in Rathjatra and Guri purnima.

The off take has been around 40% up.

➢ Finance penetration during the quarter was 41% which was very healthy .

When the company will move to normal quarter and ahead of fest ive

season the finance penetration will go up to 45-50%.

➢ All marriages fell in Q1 and no marriages in Q2. Marriage purchases are

generally in cash purchase so it wil l have impact on hero fin corp.

➢ 1QFY22 has already been impacted by high commodity prices . Company

has increased price by Rs 600/vehicle in April and in July company has

increased price by Rs 1200/vehicle . Company expected raw material price

to soften in coming quarter and then the margin to normalize .

➢ Commodity price has increased by Rs 2000 per vehicle and company has

increased price by Rs 600 per vehicle in April 2021 . In July , a lso company

has increased price by Rs 1200 per vehicle . Company is expecting the

margin recovery in the 2nd half of FY22.

➢ In auto parts company expects strong demand to come from Q2FY22. Auto

parts revenue during 1QFY22 was Rs 455 cr vs Rs 1054 cr Q4FY21.

ASHIKA GROUP


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CONCALL

HIGHLIGHTS

Hero MotoCorp Ltd.

➢ Single days festival have seen good growth but recovery is taking

l itt le bit slow. However, company is confident of demand recovery in

2HFY22 and it will be good half from demand perspective.

➢ Hero EV product will come up in March 2022. JV with Gogoro

TAIWAN company which is on battery swapping front will come up

with the products at the end of 2022.

➢ Company will do Capex of around Rs 750-1000 per year.

➢ Electrif ication is a cash burn story and needs capital for the

business whenever required.

➢ Company has invested in Ather in 2016 when it was a startup. All

the EV evolution in first few years will be in scoters. India is

underpenetrated in scoters segment.

➢ EV category will not be profitable from day 1 and it needs

investment and it is a cash burn business.

➢ Company will not shy away from any opportunit ies on M&A front

and company will go for it if it provides good return.

➢ Company is looking to how to premiumize each and every segment

starting from splendor and scoter .

➢ Company has 12 dealers and 30 touch points for Harley Davidson

bikes. Harley is an iconic brand and work is going on full swing.

➢ When sowing is going then the demand for Tier 3 & 4 cities slowed

down and vice versa . So the demand varies and it is different parts

and different time in a year.

➢ Company expects farm income to go up with water reservoir level

wil l also go up due to good monsoon and demand in rural areas is

likely to come back in next quarter onwards.

➢ Over the medium term, 50% of the investment will go towards EV,

Premium and global business.

ASHIKA GROUP


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CONCALL

HIGHLIGHTS

Hero MotoCorp Ltd.

➢ BPCL has supported government to f ight against the pandemic by

taking initiat ives of vaccination, supplying oxygen and PP kits .

➢ The 2nd wave has impacted the 1QFY22. However, the impact was not

so severe as seen in 1QFY21.

➢ CNG penetration and EV preference has been increasing .

➢ Company added 130 Retail outlets during the quarter .

➢ Company’s borrowing during the quarter reduced from Rs 27,000 cr to

Rs 25,000 cr

➢ Debt equity ratio declined to 0.38x from 0.98x in 1QFY21.

➢ The transportation cost has gone up as compared to 1QFY21.

➢ Lower staff cost has been new run rate as in Q3FY21 company has

reduced the number staffs.

➢ There is no decision has been taken in selling the stake in IGL.

➢ The Mumbai refinery is stil l in exploration stage.

➢ In last quarter there has been increase in prices and company’s price

increase in tandem of global oil pr ices increase . Company has passed

on the increase of higher oil prices to end users.

➢ Marketing inventory gain of Rs 800 crore for 1QFY22. Company is

keeping inventory for 15 days and fol low the FIFO basis for inventory

accounting . Company is stopping in calculating gross GRM. Company

has taken 30 days average benchmark for crude oil prices.

➢ Company has good capex projects and for FY22 company wil l incur

capex of Rs 10,000 cr. Company is focusing on non fuel projects .

➢ Cost reduction is continuous exercise and every year company is doing

to optimize the cost.

➢ On EV front company has started EV charging stations in some states

but it is on pilot basis .

ASHIKA GROUP


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CONCALL

HIGHLIGHTS

Bharat Petroleum Corporation Ltd.

➢ In petro chemical business the total capex around Rs 6200 cr and refin ing

incremental GRM at USD 1 for full year basis .

➢ Hydrogen which produce in ref inery are used in the ref inery itself .

Company is looking forward to merchandise the hydrogen.

➢ BORL (Bharat Oman Refineries Limited's) Bina ref inery has the GRM of USD

5.2 with loss of Rs 64 cr .

➢ Capex break up for FY22 including Rs 2600 cr for ref ining, Rs 950 cr for

petrochemical , Rs 3 ,300 cr for marketing, Rs 1 ,300 cr for equity

investments and Rs 1 ,700 cr other projects .

➢ Lubricant sales increased by 96% as compared to 1QFY21.

➢ Company sees similar kind of margins in FY22.

➢ During the quarter the GRM for BPCL was at USD 4.42/barrel , Kochi ref inery

at USD 3.90/barrel and BORL at USD 5.2/barrel .

➢ Company is sell ing entire to equity stake in BPCL including the land value

also.

➢ BORL & BPCL will be the separate standalone entity .

➢ Company is evaluating the entire value chain of EV.

➢ The crude inventory in 1QFY22 was priced at USD 70/barrel . In Q4FY21 the

crude inventory was priced at USD 64.72/barrel .

➢ BORL Bina has total debt of Rs 7000 cr and company is exploring to merge

BORL Bina with BPCL.

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CONCALL

HIGHLIGHTS

Bharat Petroleum Corporation Ltd.

Ashika Stock Broking Limited (“ASBL”) started its journey in the year 1994, and is presently offering a wide

bouquet of services to its valued clients including broking services, depository services and distributorship of

financial products (Mutual funds, IPO & Bonds). It became a “Research Entity” under SEBI (Research Analyst)

Regulations 2014 in the year of 2015 (Reg No. INH000000206).

ASBL is a wholly owned subsidiary of Ashika Global Securities (P) Ltd., a RBI registered non-deposit taking

NBFC Company. ASHIKA GROUP (details enumerated on our website www.ashikagroup.com) is an integrated

financial service provider inter alia engaged in the business of Investment Banking, Corporate Lending,

Commodity Broking, Debt Syndication & Other Advisory Services.

There were no significant and material disciplinary actions against ASBL taken by any regulatory authority

during last three years except routine matters.

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