Vodafone Idea joins 5G race

Vodafone Idea joins 5G race
by Nikita Bhoota 08/07/2021

One of the major telecom players Vodafone Idea (Vi) has mostly stayed silent when it comes to 5G services whereas its competitors Jio and Airtel have been talking about how they are going to bring and roll out 5G services in India. 

But Vi is also not going to stay behind Reliance Jio and Bharti Airtel when it comes to 5G. Vodafone Idea is in race and has already started testing 5G networks. This was recently announced by the Managing Director (MD) of the telco, Ravinder Takkar. Vi started conducting its 5G trials in several cities and states of the country with the help of two foreign telecom equipment vendors.

Also Read: Highlights of Reliance AGM - 2021

The European telecom vendors in the market, including Nokia and Ericsson, are helping Vodafone Idea with conducting its 5G trials. As per the management, the trials are currently taking place in two different states. The third-largest telecom operator is testing its 5G networks in Gandhinagar, Gujarat and Pune, Maharashtra.

The Department of Telecommunications (DoT) had assigned Vodafone Idea and the other operators in the country spectrum for testing their 5G solutions and networks. Both the telecom giants Bharti Airtel and Reliance Jio have already started their 5G trials. Jio is testing its 5G networks in Mumbai, whereas Airtel is testing 5G in Gurgaon.

Recently, the Department of Telecommunication allotted a spectrum to MTNL to conduct trials in Delhi. It will conduct trials in partnership with C-DoT," the media reports said.   

On the contrary, the state-run telecom operator BSNL is not conducting 5G trials in the country as it is focussing on 4G services.

According to the monthly subscriber data by the Telecom Regulatory Authority of India (TRAI), the total number of telephone subscribers in India improved to 120.1 crore at the end of March 2021, a monthly growth rate of 1.12 percent.

About the Company:
Vodafone Idea Ltd is an India-based telecom service provider. The Company provides pan India Voice and Data services across second generation (2G), third generation (3G) and fourth generation (4G) platform.

Disclaimer: The above report is compiled from information available on the public platforms. These are not buy or sell recommendations.

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Result Expectation of Top IT Companies TCS, HCL Technologies and Infosys

Q1 Results expectations IT sector
by Nikita Bhoota 08/07/2021

The top 3 Indian IT companies — TCS, Infosys, and HCL Technologies — are anticipated to post a healthy set of numbers in the first quarter of FY22 earnings. Analysts believe that Nifty IT companies will continue reporting strong momentum with quicker hiring, faster revenue/earnings growth, and higher cash flow conversion.

Tata Consultancy Services (TCS):
TCS is set to announce the April-June quarter earnings of the current fiscal today i.e. 08, July 2021. The street experts expect constant currency growth of 3 percent sequentially, and 30bps of cross-currency tailwinds. In spite of the FY22 wage increments being rolled out from April 2021, EBIT margin decline is expected to be limited to 110bps, due to slight INR depreciation and growth leverage. The major things to watch out for are large deal TCV, outlook on client spending trends and pricing trends, and levers to defend or improve margins in the backdrop of certain supply-side concerns. 

Actual Result:
TCS reported 18.5% growth in total sales revenues for the Jun-21 quarter on consolidated basis at Rs45,411cr.
 

TCS Financial highlights

Rs in Crore Jun-21 Jun-20 YOY Mar-21 QOQ
Total Income (Rs cr) ₹ 45,411 ₹ 38,322 18.50% ₹ 43,705 3.90%
Operating Profit (Rs cr) ₹ 11,588 ₹ 9,048 28.07% ₹ 11,734 -1.24%
Net Profit (Rs cr) ₹ 9,008 ₹ 7,008 28.54% ₹ 9,246 -2.57%

Source: IIFL

Infosys: 
Infosys will announce its first-quarter earnings of the current fiscal next week on July 14. Analysts expect strong revenue growth on the ramp of large deals and higher billing days. Analysts community expect Infosys to raise its current revenue growth guidance only after 2QFY22. 

Also Read: Infosys AGM 2021

HCL Technologies (HCL Tech): 
Analysts expect HCL Tech to quantify its double-digit revenue growth outlook. The street experts see weak sequential revenue growth. Investors are likely to focus on the outlook on CY21 client spending/IT budget trends, update on revenue and margin outlook for FY22, and measures to defend/protect margins in the backdrop of supply-side pressures. Analysts anticipate ramp-ups on deals won in 4QFY21 in 2Q/3QFY22 and better clarity on guidance.

Check: 5 Large Cap Stocks to BUY

Disclaimer: The above report is compiled from information available on the public platforms. These are not buy or sell recommendations.

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G R Infraprojects IPO subscription Details - Day 2

G R Infraprojects IPO subscription Day 2
IPO
by Nikita Bhoota 08/07/2021

G R Infraprojects IPO has been subscribed 2.28 times today on July 7, the first day of bidding. Investors have put in bids for 1.85 crore equity shares vs. offer size of 81.23 lakh shares.

Retail investors are at the leading the race, putting in bids 3.25 times their reserved portion, the subscription data available on exchanges showed.

The portion set aside for non-institutional investors has subscribed 2.68 times and that of employees 24 percent, whereas qualified institutional buyers have put in bids for 49 percent of their reserved portion.

GR Infraprojects will raise Rs 963.3 crore through its public issue comprising a complete offer for sale by existing shareholders. Of which, Rs 283 crore has already been raised from anchor investors at a higher end of the price band of Rs 828-837 per share.

G R Infraprojects IPO - Subscription Status

Category

Subscription Status
Qualified Institutional (QIB) 2.78 Times
Non-Institutional (NII) 6.31 Times
Retail Individual 7.49 Times
Employee 0.75 Times
Total 5.75 Times

 

Also Check: G R Infraprojects IPO subscription Status - Day 1


About the Company:

G R Infraprojects Limited is an integrated road engineering, procurement and construction (“EPC”) company with experience in design and construction of various roads/highways projects across 15 States in India and having recently diversified into projects in the railway sector. The company was incorporated in December 1995. The company’s principal business operations are broadly divided into three categories:
(i) civil construction activities
(ii) development of roads, highways on a Build Operate Transfer (“BOT”) basis, including under annuity and Hybrid Annuity Model (“HAM”); and
(iii) manufacturing activities, under which they process bitumen, manufacture thermoplastic road-marking paint, electric poles and road signage and fabricate and galvanize metal crash barriers.

The Company has executed over 100 projects since 2006.

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Clean Science and Technology IPO Subscription Details - Day 2

Clean Science and Technology IPO Subscription Details - Day 2
IPO
by Nikita Bhoota 08/07/2021

Clean Science and Technology has been subscribed 4.28 times today on July 8, the second day of bidding.

Investors have put in bids for 5.26 crore equity shares vs. the offer size of 1.23 crore equity shares, the subscription data available on the exchanges showed.

The portion kept aside for qualified institutional buyers has subscribed 2.12 times, while non-institutional investors have put in bids 4.51 times their reserved portion, and retail bidders 5.42 times their reserved portion.

The Rs 1,546.6-crore public issue, a complete offer for sale, will close for subscription on July 9, 2021. The price band for the offer has been fixed at Rs 880-900 per equity share.
 

Clean Science & Technology IPO - subscription Status

Category Subscription Status
Qualified Institutional (QIB) 2.12 Times
Non-Institutional (NII) 4.51 Times
Retail Individual 5.42 Times
Total 4.28 Times

 

Also Check: Clean science and Technology IPO subscription Status - Day 1

 

About the Company:

Clean Science and Technology Limited manufactures functionally critical specialty chemicals such as Performance Chemicals, Pharmaceutical Intermediates, and FMCG Chemicals. The company was incorporated in 2003, and within 17 years of incorporation the company has grown to be the largest manufacturer globally of MEHQ, BHA, Anisole and 4-MAP, in terms of installed manufacturing capacities as of March 31, 2021. The company is among the few companies globally which is focused entirely on developing newer technologies using in-house catalytic processes that are eco-friendly and cost competitive. This has enabled the company to emerge as the largest manufacturer globally of certain specialty chemicals in terms of installed manufacturing capacities as of March 31, 2021. Some of these technologies have been developed and commercialized for the first time globally.

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TCS Share Q1 Results

TCS Share Q1 Results
by Nikita Bhoota 09/07/2021
  • TCS reported 18.5% growth in total sales revenues for the Jun-21 quarter on consolidated basis at Rs45,411cr. 
  • On a sequential basis, the revenues were higher 3.9% compared to Rs43,705cr in the Mar-21 quarter. 
  • TCS witnessed growth in all its principal verticals including BFSI, manufacturing, retail, CMT and life sciences.
  • EBIT margins at 25.5% contracting 130bps QoQ due to the annual wage hikes and visa costs. Management indicated margins are largely sustainable YoY. Hiring was at an all-time high of 20.4k on the back of 19.4k hires in 4Q, as TCS crossed the 500k headcount mark. Attrition rose by 140bps to 8.6% LTM
  • Management is confident of delivering double-digit revenue growth and sustaining margins in FY22, supported by ramp up of deals and broad-based improvement in IT spending. 
  • Deal wins were strong at US$8.1bn (+16% YoY TTM), with a healthy mix of small and large deals.

 

Revenues by verticals - FY21

Verticals

Contribution

BFSI

31.70%

Regional Markets & Others

19.20%

Retail

14.40%

Lifescience

9.70%

Mfg.

9.60%

Tech

8.70%

Telecom

6.70%

 

Revenues by geographies - FY21

Geographies

Contribution

America

51.40%

UK/Europe

31.90%

APAC

9.60%

India

5.20%

MEA

2.00%

 

Also Check : Result Expectation of Top IT Companies

 

About the Company:
With 500,000+ employees and FY21 revenues of US$22.2bn, TCS is India’s largest IT services vendor. Though application services remain the primary services offering, the company has attained credible size in other service offerings such as infrastructure services, BPO and testing services. BFSI continues to be TCS’ most important vertical (30% of revenues). Telecom, manufacturing and retail are the other large verticals. The US continues to be the most important geography; however, the company is increasing its presence in Europe/UK. 

Disclaimer: The above report is compiled from information available on the public platforms. These are not buy or sell recommendations.

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Did the LIC IPO just get the Government Stamp of Approval

LIC
12/07/2021

Has the LIC IPO just been given the final stamp of approval? If you go by news reports, it does look like the LIC IPO may have just got its stamp of approval from the Cabinet Committee on Economic Affairs (CCEA). Now CCEA approval is the voice of the government and it just means that it is now over to the actual IPO process. LIC IPO promises to be the biggest IPO ever raising close to $8-10 billion. 

Read: LIC IPO coming soon?

As of now, only the advisors for the issue have been appointed and the actuaries are working towards an embedded valuation for LIC. Much of the regulatory changes to the LIC Act were already approved as part of the Finance Bill. That means, the next big step would be the appointment of investment bankers to start the IPO process in right earnest.

It is estimated that if all goes according to plan, the issue will happen around Feb or Mar 2022, because the government is apparently quite keen to list LIC before the end of the current fiscal year in Mar-22. The LIC IPO remains crucial to the government plans for resource raising as it has targeted an aggressive Rs.175,000 crore to be raised via disinvestments in FY22. If the government has to get anywhere close to that figure, it has to make a huge success of the LIC IPO. That process may have just about kicked off with the CCEA approval.

Also Check: List of upcoming IPOs in 2021