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But how do you account for the 2 - 15 day incubation period. This is not a linear thing. Although the number of cases might look as if falling, there can be a spike due to a spread which could have happened maybe 5 days before...

Probably a 5 day moving average needs to be taken before calculating these percentages.
Correct. There is no way of knowing the spread that has happened five days back. That data is hidden. We have to look at the data we have. Perhaps a logscale would give a better idea.
 

TraderRavi

low risk profile
Breezing through COVID-19 storm! This retail stock owned by Radhakishan Damani can be a multibagger

At a time when most of the midcaps are reeling under pressure, DMart stands out with an outperformance of more than 20 percent, so far, in 2020.


Veteran stock market investor Radhakishan Damani-led Avenue Supermarts seems to be breezing through the coronavirus storm. The stock, locked in 5 percent upper circuit six times since March, has rallied more than 23 percent in 2020.

Avenue Supermarts, which operates the supermarket chain DMart, has been on the analysts' radar for its strong fundamentals.

Some experts place it in the category of a multibagger amid the COVID-19 lockdown being a top retail player. It is also among the top picks for many domestic brokerages.

A K Prabhakar, Head, Research, IDBI Capital in an interview to Moneycontrol placed Avenue Supermart in the category of multibaggers of the future. The company had been growing at 25 percent in the last few years, he said.

“We think the company is pulling consumers away from unorganised stores due to high discounting and now, delivery to home on the minimum charge would help the company grow in the next few years around those levels,” he said.

DMart is focused on value retailing and offers a wide range of fast-moving consumer products, general merchandise, and apparel.

Currently, the company has 196 DMart stores and expects to open 30 stores every year through its cluster approach.

It offers significant discounts compared to e-commerce, modern trade (~6%) and general trade (~18%), which would drive revenue growth, say experts.

“The DMart chain offers a considerable amount of discount when compared to e-commerce platforms. The operating margin is higher compared to its peers due to the company’s low-cost structure,” Angel Broking said in a note.

The brokerage firm expects DMart to report consolidated revenue/PAT CAGR of 18% and 26%, respectively, over FY2019-22E. It has an accumulate rating on the stock, which is also in top picks category with a target price of Rs 2,395.

Consistent growth and profitability

One of the big factors that make the stock a good buy on dips is that it has delivered consistent performance over the years, which is a positive sign.

At a time when most of the midcaps are reeling under pressure, DMart stands out with an outperformance of over 20 percent, so far, in 2020.

Experts say that the coronavirus outbreak impact will be minimal on Avenue Supermart due to its non-discretionary nature of the business and a capital-efficient business model.

Over the years, DMart has been able to maintain consistent profitability and remains an exceptional performer in its peer group.

“Given the robust store operating metrics, DMart has progressively enhanced its return ratios despite being CAPEX intensive. We expect the impact of the virus to be limited owing to the non-discretionary nature of the business,” ICICIDirect said in a research note.

“In a bid to reduce promoter stake to 75%, the company had successfully concluded qualified institutional placement (QIP) placement worth Rs 4,100 crore. Incremental cash-flow infusion in the company is expected to significantly shore up store addition pace with foray into newer geographies. DMart has a capital-efficient business model generating superior RoCE of 23% and fixed asset turnover ratio of 4.1x,” it said.

The infusion of funds would provide Avenue Supermarts the ammunition to enhance its store expansion pace, resulting in higher revenue and profitability.

https://www.moneycontrol.com/news/b...shan-damani-can-be-a-multibagger-5120601.html
 

TraderRavi

low risk profile
Mumbai set to extend coronavirus lockdown - sources


MUMBAI (Reuters) - India’s financial hub Mumbai is set to extend lockdown measures until at least April 30 as authorities race to expand testing to stem the spread of coronavirus in the city, three senior officials said.

A 21-day nationwide lockdown that Prime Minister Narendra Modi declared in late March to fight the epidemic is officially set to end on April 14.

But Mumbai, with a population of more than 20 million, has become India’s coronavirus epicentre. The metropolis and its suburbs have reported 782 positive cases and 50 deaths, the latest health bulletin said on Wednesday.

“In Mumbai cases are rising too fast. In just 24 hours 100 cases were reported on Tuesday,” said a senior state government official, adding that the trend was alarming and at least another two weeks of lockdown were necessary to stop the virus from spreading in one of the world’s most densely populated cities.

Mumbai municipal authority and the state government of Maharashtra, of which Mumbai is the capital, both declined to comment.

The state government has yet to announce the extension as it is assessing the situation in satellite city Pune and Nagpur, a commercial hub.

As of Wednesday morning, Maharashtra accounted for 1,078, or more than 20% of India’s 5,194 confirmed cases. It has also recorded 64 deaths, or 43% of India’s 149 fatalities.

A second senior government official in Mumbai said the “only solution” to deal with the grave public health emergency was to extend the lockdown by two weeks.

Both officials requested anonymity as they were not cleared to discuss the matter with the media.

A home ministry official said several state governments, including Maharastra, had proposed an extension of the lockdown, and these requests were being considered by Modi’s office.

In April, health officials in Mumbai witnessed a worrying trend of patients who had no initial symptoms but later tested positive, infecting medical staff and forcing hospitals to close partially.

The state government had identified companies to manufacture rapid test kits which could be used in slum districts and government offices to test people with mild symptoms.

“We are thinking to use rapid test kits, but these kits need certification,” said Uddhav Thackeray, the state chief minister. “The moment they will be approved and made available, we will start using them.”

Thousands of female health workers trained to administer the polio vaccine will be recruited to use the mobile test kits in the next two weeks.


https://in.reuters.com/article/heal...nd-coronavirus-lockdown-sources-idINKBN21Q0YT
 

siddhant4u

Well-Unknown Member
https://economictimes.indiatimes.co...ue-to-coronavirus-hc/articleshow/75015336.cms

Yes bank can't declare firm NPA for non payment of loan due to coronavirus: HC


New Delhi: The Delhi High Court Monday said that prima facie Yes Bank could not have declared a private company's account as non-performing asset for its failure to pay loan installments due to coronavirus pandemic.

Justice Sanjeev Sachdeva, who conducted the hearing through video conferencing, took on record the statement made by the counsel for Anant Raj Ltd that it will make payment on or before April 25, the instalment which fell due as on January 1, 2020 along with the interest accrued till the date of payment irrespective of the lockdown position.
 

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