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Date: 7th November 2016

NIFTY CASH (8434)


For next week NIFTY has strong support around 8397 levels. Break will
take it to 8355/8320 levels. On the upper side NIFTY will face strong hurdle
at 8475 levels, cross over with volume and close above will create short
covering at take NIFTY up to 8541/8615 levels

BANK NIFTY (19058)


For next week BANK NIFTY has strong support around 18925 levels.
Break will take it to 18830/18735 levels. On the upper side BANK NIFTY
will face strong hurdle at 19225 levels, cross over with volume and close
above will create short covering at take BANK NIFTY up to 19320/19415
levels

Last week on Muhurt Day, we had recommended JENBURKT


PHARMA @ Rs.482, in highly negative market it zoomed to
Rs.572.50 levels & recorded almost 18.77% appreciation in
just one week

Investment Idea

PUDUMJEE PULP & PAPER (500343 & NSE) (25)


(FV Rs.2)
Something is cooking in this stock. Positional traders can buy this stock
with a stop loss of Rs.22. On the upper side, the stock could zoom to
Rs.30-32 levels in short span of time.

PUDUMJEE PAPER PRODUCTS (539785 & NSE)


(21.35) (FV Re.1)
Few days ago we had recommended this stock. In falling market stock is
looking strong. Investors can buy this stock with a stop loss of Rs.17. On
the upper side, the stock could zoom to Rs.28-30 levels in coming days

ABC BEARINGS (505665) (175)


Incorporated in 1961, Mumbai based ABC Bearings Limited manufactures
and sells bearings in India and internationally. Its products include taper
roller, cylindrical roller, clutch release, ball, king pin, needle roller, slewing,
and spherical roller bearings, as well as GP3 grease and universal joint
products. The companys products are used in cars, multi utility vehicles,
light commercial vehicles, earthmovers, two wheelers, rotavators, heavy
commercial vehicles, tractors, and gear boxes.
It has an equity capital of just Rs.11.55crore supported by reserves of
around Rs.115.41crore. The promoters hold 38.76% of the equity capital,
which leaves 61.24% stake with the investing public.
It has a share book value of Rs.109.92 & price to book value ratio is just
1.56 which is impressive.
For Q2FY17, It has achieved a turnover of Rs.44.18crore with PAT of
Rs.1.45crore fetching an EPS of Rs.1.25 (Net profit jumped 133.87% in
FY16). During H1FY17, its net profit zoomed 171.67% to Rs.4.70crore
from Rs.1.73crore in H1FY16 on 15.29% higher sales of Rs.100.24crore as
against Rs.86.94crore in H1FY16 fetching an EPS of Rs.4.07

Currently, the stock trades at a P/E of just 24x. It is regularly dividend


paying company and company has declares 20% dividend for FY16.
Auto ancillary sector is looking explosive for investment purpose & this
stock also looks attractive for investment at the current level. Investors can
buy this stock with a stop loss of Rs.145. On the upper side, the stock
could zoom to Rs.205-210 levels in the medium-term and further to
Rs.250+ in the long-term.

MAFATLAL INDUSTRIES LTD (500264) (343)


Incorporated in 1905, Mumbai based Mafatlal Industries Limited
manufacture and sale of textiles in India. The company offers mens wear,
such as suitings, trousering products, shirtings, and readymades; denims
products; womens wear, including prints, voiles, sarees, rubia, and night
wear products; school uniforms; corporate uniforms; work uniforms;
hospitality uniforms; medical uniforms; bed linen products, such as bed
sheets and pillow covers; bath towels; and ready-to-stitch packs. It also
provides specialty fabrics consisting of flame retardant, anti-static, teflon
coated, anti-bacterial, soil-resistant, water repellant, and perfumed fabrics
for use in fire-fighting, telecom, medical, petrochemical, and fashion
industries. The company exports its products to the United States, South
America, the United Kingdom, Switzerland, Italy, France, Germany, the
United Arab Emirates, Qatar, Saudi-Arabia, Yemen, Oman, Egypt,
Bangladesh, Sri Lanka, Sudan, Mauritania, Malaysia, Indonesia, Thailand,
Hong Kong, and Japan.
It has an equity capital of just Rs.13.91crore supported by reserves of
around Rs.362.03crore. The promoters hold 74.86% of the equity capital,
which leaves 25.14% stake with the investing public.
It has a share book value of Rs.270.21 & price to book value ratio is just
1.27 which is impressive.
For Q2FY17, It has achieved a turnover of Rs.302.09crore with PAT of
Rs.10.26crore fetching an EPS of Rs.7.37 (Net profit jumped 290.11% in
FY16). During H1FY17, its net profit zoomed 97.70% to Rs.18.07crore
from Rs.9.14crore in H1FY16 on higher sales of Rs.677.39crore as against

Rs.653.33crore in H1FY16 fetching an EPS of Rs.12.99. It has posted


H1FY17net profit higher than FY16.
Currently, the stock trades at a P/E of just 18.4x. It is regularly dividend
paying company and company has declares 30% dividend for FY16.
Textile sector is looking explosive for investment purpose & mafatlal group
stocks are also in investors fancy hence this stock also looks attractive for
investment at the current level. Investors can buy this stock with a stop loss
of Rs.315. On the upper side, the stock could zoom to Rs.425 levels in the
medium-term and further to Rs.550+ in the long-term.

Disclosures: At the time of writing this article, author, his clients & dependent family members may have
positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family
members may make purchases or sale of the securities mentioned in website. Author may have positions in
above stocks so have vested interest obviously in their going up or down as the case may be..
Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & authenticated
sources believed to be true & correct, and also is technical analysis based on & conceived from charts.
Investors should take their own decisions. We assume no responsibility for any transactions undertaken by
them. The author won't be liable or responsible for any legal or financial losses made by anybody.