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Financial Weekly
SMART
BUY OF THE WEEK
Dark Horse
Past Review :- Two week ago, we had recommended ACKNIT INDUSTRIES as DARK
HORSE at Rs.139, it zoomed 25.2% to Rs.174 levels in highly negative market.
Last week, we had recommended ANDHRA PETRO as DARK HORSE at Rs.79, it zoomed
25.82% to Rs.99.4 levels in just one week in highly volatile market.
SHILP GRAVURES
(513709) (113.65) (Face Value Rs.10)
Incorporated in 1989, Shilp Gravures Limited manu- Particular Qtr. End.
factures and sells engraved copper rollers in India. It Q1FY19 Q1FY18 % Var.
Sales 19.6 18.68 5
operates through two segments, Engraved Copper PBT 3.9 3.3 18
Roller and Wind Mill. The company offers gravure PAT 3.41 2.52 35
cylinders, including electro-mechanically and me- EPS 5.54 4.11 35
chanically engraved, chemically etched, and laser rollers; and flexo plate processing, base
shell, pre-press, and embossing products for use in flexible packaging, anilox rollers, PVC
flooring, decorative laminates, specialty coatings, artificial leather, gift wrapper, security
printing, transfer printing, fine text, label, ceramic anilox roller, embossing, and flexo colage
applications. It also generates energy through wind mills.
It has an equity base of just Rs.6.15crore that is supported by huge reserves of around
Rs.53.53crore. The Promoters hold 60.52% while the investing public holds 39.48% stake in
the company.
During Q1FY19, net profit soared 35.31% to Rs.3.41crore from Rs.2.52crore in Q1FY18
on higher sales of Rs.19.6crore fetching an EPS of Rs.5.54.
The stock currently trades at a P/E of just 8.9.
It is regular dividend paying company. Company has paid 15% dividend for FY18. Its 52
week high rate is Rs.180 which was formed on 1st November 2017. Stock almost corrected
36% from 52 week high.
Investors can accumulate this stock with a stop loss of Rs.100. It may give very good
returns in medium to long term.
Cont...
Financial Weekly
cotton, viscose, modal, polyester, excel, bamboo and acrylic; dying yarn, which include
cotton yarn, organic cotton, cotton or viscose yarn, cotton or modal yarn, cotton or polyester
yarn, cotton or excel yarn and cotton or bamboo yarn, and specialized yarn dying, which
include yarn dyeing suitable for discharge printing, yarn dyeing suitable for post mercerizing
and yarn dyeing suitable for post bleaching. It manufactures blended melange yarns, non-
blended yarns and other yarns, including discharge printing yarn, anti-bacterial yarn, and
perfumed yarn. It dyes yarn for hosiery, woven and home textiles.
It has an equity base of just Rs.6.75crore that is supported by reserves of around
Rs.104.01crore. It has a share book value of Rs.170.09 per share & price to book value ratio
stood at just 0.54. The Promoters hold 55.05% while the investing public holds 44.95% stake.
Well-known investors Anil Kumar Goel holds 3.11%, CH Kiron holds 1.49%, Anirudh Mohta
holds 1.38% and Subramanian P holds 2.16% stake in this company.
During Q1FY19, net profit soared 23.89% to Rs.6.43crore from Rs.5.19crore in Q1FY18
(PAT zoomed 223.11% on QoQ basis) on higher sales of Rs.58.61crore fetching an EPS of
Rs.9.52. The stock currently trades at a P/E of just 4.2.
It is regular dividend paying company. Company has recommends 20% dividend for FY18.
Its 52 week high rate is Rs.244.5 which was formed on 25th October 2017. Stock almost
corrected 62% from 52 week high.
Investors can accumulate this stock with a stop loss of Rs.80. It may give very good
returns in medium to long term.
Financial Weekly
TRADNICAL STRATEGY
Email: nimesh@nimeshthaker.com, M. 9228237373
NIMESH THAKER, BARODA
Sebi Registered NO. : INH000005874
On technical point of view, last week’s reversal pattern (inverted hammer) are intact, so my hope
for trend reversal still alive. I think nifty trading near to strong support zone. so we cam expect
bounce from 10300-10250 level. On upside 10400-10450 are first resistance area above that we
can expect 10620-10700 level of nifty. On downside 10150 and 10010 consider as support.
On option point of view, Nifty 10200 and 10000 put option has highest open interest build up so
we can considers this range as strong support zone. On upside 10600-11000 call option are high-
est OI which indicates up side of nifty was capped at this level.
While keeping all data in my mind I think we should take buying position in nifty near 10300-
10250 level with stop loss below 10150 and target of 10440-10620. I recommend to trader to fallow
stop-loss strictly as nifty’s trend is negative. For your investment related query you can contact me
on 9228237373
Bluedart : Buy
Buy Range: 2750-2800
Target: 3090-3220 Stop Loss 2650
Allocation: 10% of Trading Capital
Doji formation on daily chart with high volume indicates trend reversal of short term trend. The
stock has consolidate in this range since last 8-10 days. I expect stock to test 3090-3220 level in
short term hence recommend to buy 10% of your trading capital between 2750-2800 zone.
Financial Weekly
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Every Sunday Every Wednesday
greater probability trade will be a break on the down side, which will take Nifty to the test the previous
bottom of 9951 and further below.
Also the Trendline on the weekly timeframe has come to the rescue as the indices took Support at that
level (Sensex - 34220 and Nifty - 10277) before bouncing back. The Nifty has managed a weekly close
above this level which can be construed as positive.
The market has formed a Bearish Gap between Sensex 35820-35911 and Nifty 10754-10843. Going
forward this Gap along with 38.2% Retracement (Sensex - 35735 and Nifty 10758) will act as strong
Resistance zone and can have the strength to end any sort of Pull-Back. This Gap is also a Bearish
Measuring Gap which will have a target of Sensex 32742 and Nifty 9837.
A break of current low of Sensex 33723 and Nifty 10138 will resume the Correction. Intermediate Cor-
rection levels are placed at Sensex 33920-32354-30788 and Nifty 10283-9827-9371. Higher degree Cor-
rection levels are placed at Sensex 32688-30742-28796 and Nifty 9875-9293-8710. Thus we have two
confluence zones which will act as Support Zones. First Confluence Support Zone is between Sensex
32688-32354 and Nifty 9875-9827. Second Confluence Support Zone falls between Sensex 30788-30724
and Nifty 9371-9293.
This week, both the indices unsuccessfully tested the short term average of 20dma (Sensex - 35472
and Nifty - 10691) and long term average of 200dma (Sensex - 35407 and Nifty - 10778), before falling
down. Both the indices are already below both the medium term average of 50dma (Sensex - 37024 and
Nifty 11173). Thus the trend in short term, medium term as well as the long term timeframe remains Bear-
ish. MACD and Price ROC are both negative and in Sell mode. RSI (34) suggests Bearish momentum.
Stochastic Oscillator %K (32) has gone below %D and hence in Sell mode. ADX is now at 44, suggesting
that the Down Trend has matured and may undergo a consolidation. Directional Indicators continue in Sell
mode as +DI is below -DI. MFI (40) suggests Negative Money Flow. OBV is making lower top lower bottom
formation. Bollinger Band continues with its Sell signal. Thus Oscillators are suggesting a bearish bias.
Options data for October series indicate highest Call Open Interest is at the strike of 11000 whereas the
highest Put build-up is at the strike of 10000. Thus Options data suggests a wide trading range with resis-
tance at 11000 & support at 10000.
Financial Weekly
Jignesh R Mehta
(SEBI Registered Research Analyst)
E-mail : support@kiranjadhav.com
Website : www.KiranJadhav.com
Phone: 9327 11 3344 / 9328 11 33 44
Twitter: @jigneshrmehta
RISING STAR:
JSW HOLDINGS (2019.3)
NSE: JSWHL, SECTOR: FINANCE & INVESTMENTS
Cont...
Financial Weekly
RISING STAR:
JSW HOLDINGS (2019.3)
NSE: JSWHL, SECTOR: FINANCE & INVESTMENTS
It is obvious that in terms of potential, Holdings companies have lot of steam. We have found out
one such holding company this week which is also a SMALLCAP and we believe it has tremen-
dous upside steam for a LONG TERM Investing. JSWHL is the company that is in our radar for the
week. The sheer pleasure of looking this price pattern is way too satisfying. The price of this hold-
ing company saw the high of about 3041 kinds of levels in 2008 when Indian market also wit-
nessed its high in about same time. The price of this stock also fell along with Indian market indices
in 2009 but just after 2009 this stock surged to near about 2000 levels within one year only. Price
stayed near 2000 levels for quite some times in 2010. Finally stock fell and gave up all its gain. The
real story of the price climbing began in 2013 when stock price started relatively steeper higher
tops and higher bottoms. Up trend of the price continued for a long term. Even when Indian market
witnessed weakness in 2016, the price of this stock didn't give up much. Again within a short term
up journey continued. Stock price recently not only breached 2000 kinds of level but it did with
good kind of volumes. While lots of MIDCAP and SMALLCAP stocks have seen great fall, the price
of this stock is still holding above it's long term support line. Also the way it has breached horizontal
line of multi-year resistance, it is boosting our confidence for considering an investment in this
counter. If your financial advisor permits to keep the initial stop loss at 1800 levels than double the
money at least up to 4000 is quite possible in coming 2/3 years in the stock.
Jignesh R Mehta
SEBI Registered Research Analyst
www.kiranjadhav.com
support@kiranjadhav.com
Phone: 9327 11 33 44 / 9328 11 33 44
Twitter: @jigneshrmehta
Disclosers: Views expressed in this article/articles are personal opinion of Author and it
does not constitute an offer to buy or sell securities mentioned herein. Enough care has
been taken before arriving at these data, figures & charts, however, readers are advised to
do their own assessment before taking any actions in the market. The author and his com-
pany does not take any responsibility for any results that may arise out of using this infor-
mation.
Financial Weekly
Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Bharti Airtel 532454 287 275/280 290 300 267
Infratel 534816 265 260/262 270 280 258
Lupin 500257 875 895 910 930 880
REC 532955 104 100/102 105 110 98
Reliance Capital 500111 243 235/240 250 265 225
TV18 Broadcast 532800 36 33/34 37 39 31.5
Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Bharat Fin 533228 970 990/1000 970 950 1015
Biocon 532523 663 690/700 670 650 715
Dabur 500096 406 445/450 435 420 455
Infy 500209 677 695/700 680 660 715
JSW Steel 500228 364 400/405 385 365 415
Titan 500114 790 805/810 790 770 820
Wipro 507685 323 330/335 320 305 342
Note : All calls are momentum calls based on technical analysis and all levels as per future prices (If scrip not available in futures then BSE Cash price). All
these calls are given based on daily charts but intra-day signals are equally important to enter the trade in a timely manner. Timing is very important and we at
shareinfoline.com give you timely calls based on intra-day charts. Read Disclaimer at ShareInfoline.com
Financial Weekly
In my last article, I shared information about Nifty Levels. Market was trading and going up-
down in the same range. VIP Inds and Universal cables were the two stocks provided. Both made
highs of 12 to 18 percent. Due to Global issues, market sentiment was weak and nifty lost its recent
gains and NF is trading in suggested range.
But if you have noticed, even in this weak market pharma stocks didn't lose much as compared
to other sectors.
Pharma stocks didn't fall much. They were showing some strength. Sunpharma and Biocon
closed with good gains.
Now I'm suggesting a good pharma company. The stock performance is good from last 4 to 5
months.
Kilitch Drugs (Rs. 159.00) : Kilitch is one of the largest manufacturers of anti
bacterial formulations. All its plant are approved by local as well as World Health Organization
(WHO) for GMP standards. It has three manufacturing facilities spread across India.
- 25 years of experience in product development and manufacturing.
- Good product range.
- Clientele : Sandip, Sunpharma, Emcure, Nicholas Piramal, Ajanta Pharma, Zuentas, Merck,
Zydus, Cadilla, USV, and many more.
Technicals and Price Target : The stock witnessed good buying from July 2018 end. It started
it's rally from Rs 80. In second week of August Kilitch made a high of Rs 162. After that, there was
a consolidation for almost 8 weeks and today (19th October) we saw a fresh breakout with good
volumes. Today's close is Rs 160. The stock can touch Rs 190-200 in the next 2 to 3 months. Also
good technical pattern can be seen on the weekly chart.
I suggest to buy with a stop-loss of Rs 140 on (closing basis - weekly).
Financial Weekly
Cont....
Financial Weekly
segments of mobile users besides basic voice and short message service (SMS) services to high-
end value added and general packet radio service (GPRS) services such as Blackberry, Datacard,
Mobile TV and Games. In 2015 Microsoft has tied up with Idea Cellular to launch operator billing
on the Windows Store for latter's subscribers. Idea has successfully retained the crucial 900 MHz
spectrum and won 54 MHz of 900 MHz spectrum. Videocon Telecommunications sold its spec-
trum in Gujarat and UP (West) circles to the company at a valuation of Rs 3310 crore during the
same year. Idea launched world-class high-speed 4G& 4G LTE services in all four Telecom ser-
vice areas of South India. Post big-bang entry of Reliance Jio and unceremonious death of re-
gional operator - Aircel and national player - Reliance Communication, forced the telecom industry
for consolidation enabling Vodafone and Idea to join hands for merger. Pricing power will emerge
sooner than later where existing players with good network will continue to make money. Post
market carnage, stock has corrected significantly offering excellent entry point for accumulation
from a long term perspective. Both the promoters hold more than 70% enabling swift jump in its
share price on any positive news about the company or sector. Buy now and hold on for two years
to make up to 100% returns.
- Subramanian Mahadevan
By A K Asnani
Author - Way To Billionaire
09893512098
smartasn@gmail.com
A K Asnani has experience of 30 years into stock investing. He will not be responsible / liable for any loss
arising out of investment ideas based on its advices including any inadvertent errors/omissions. This advice
should not to be construed as an offer to buy or sell securities. Stock price movements are subject to market
risk. Past performance may or may not be sustained in future.
Financial Weekly
HSCL (Rs.124.00) (Code:500184) :- The stock prices remained between Rs197 and
103.55 during the year. In June quarter, the company's sales increased from Rs452.32 crore to
Rs604.73 crore, while profit increased from Rs50.03 crore to Rs76.66 crore with EPS of Rs1.83.
The company witnessed losses of Rs56.99 crore in 2014, 12.45 crore in 2015, 16.24 crore in 2016,
while profit of Rs82.44 crore in 2017 and 247.59 crore in 2018. As against equity of Rs41.84 crore,
the company has reserves of Rs1372.82 crore. The company owns six plants in India and one
plant in China. It is the biggest manufacturer of Coal Tar Pitch (CTP) in India and also manufac-
tures chemical oil, carbon black, Naphthalene, advance carbon, naphthalene sulfonet and other
products. It supplies 65% aluminum and graphite electrodes to the industry. Following the strong
turnaround, the stock may touch 52 week high within a year.
Relaxo Footwear (Rs.717.00) (Code:530517) :- The market cap of the company
with more than 35 years of experience is Rs8600 crore. It owns brands like Hawai, Flight,
Schoomate, Spark and Elena. It owns seven units at Bahadurgadh and one at Bhiwandi and
Haridwar each. It has roped Salman Khan, Ketrina Kaif and Akshay Kumar as brand ambassadors
for its products. In June quarter, the company's profit increased from Rs37.35 crore to Rs45.95
crore, while sales increased from Rs484.96 crore to Rs566.48 crore. As against equity of Rs12.01
crore, the company has reserves of Rs753.85 crore. The promoters hold 74.25% and public hold
25.75% stake in the company. In last five years, the company's profit has been 65.64 crore, 103.05
crore, 120.28 crore, 122.97 crore and 161.07 crore respectively. Following implementation of GST,
the branded footwear brands are likely to witness improvement in their performance. The stock is
being traded at higher level. It is good option to invest at lower level in phased manner.
Shakti Pumps (Rs.426.00) (Code:531431) :- The company set up in 1982 is one of
the leading pump manufactures in the country, which exports its products in more than 100 coun-
tries. It manufactures submersible pump, submersible motor, pressure pump, self priming pump,
open well pump, solar pump and suction pump. As against equity of Rs18.38 crore, the company
has reserves of Rs235.25 crore. The public hold 52.02% and promoters hold 47.95% stake in the
company. In the September quarter, the promoters increased their stake. In the first quarter, the
company witnessed profit of Rs9.27 crore on income of Rs138.72 crore with EPS of Rs5.04. The
government is aiming to achieve higher growth rate of agriculture sector, so the demand of the
irrigation pump may go up. Moreover, weak rupee may help the company earn more from export.
The stock can be considered for investment in phased manner.
Delta Corp (Rs.224.00) (Code:532848) :- Rakesh Jhunjhunwala holds considerably
large stake in the company. The promoters hold 32.77% and public hold 67.23% stake in the com-
pany. In September quarter, the company's net sales increased by 38.58% at Rs201.35 crore,
while other income remained at Rs8.28 crore. The profit increased by 11.19% at Rs48.10 crore on
consolidate basis. It owns casino at Daman and Goa along with residential rooms. It is a recession
proof business. It also plans to increase its presence at different locations. It has got approval to
open a casino in Sikkim. The company's performance has been improving so it has come on the
radar of the investors. Motilal Oswal has given 'BUY' rating with target of Rs290.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014 ; • I and / or
my clients may have investment in this stocks • I/My family have no financial interest or beneficial interest of more than 1% in the
company whose stocks I am recommending • Stop loss is useful for Short / Medium Term investor Only • Smart Investment will not
be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or may not be
substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
Financial Weekly
Golden quote :-
Allow yourself to be a beginner,
No one starts at the top
Financial Weekly
Dilip Davda
e-mail Expert’s Eye
dilip_davda@rediffmail.com
Coal India (Rs. 275.00) (Code : 533278) (F. V. : 10.00) :- Coal India (CIL)
is poised for re-rating with market finally appreciating the structural improvements
like improved coal quality, better evacuation, significant increase in auction linked
volumes and sharp reduction in working capital which provide strong earnings/
cash flow visibility. E-auction realisations are expected to be strong given the
strong global coal prices, weak rupee and strong underlying demand (from both
power & non-power) which is expected to mitigate the headwind of higher diesel
prices. Concerns around divestment capping stock returns in near term are over-
done as CIL trades at inexpensive valuations of 5.4x FY19E EV/EBITDA despite
attractive return ratios and robust dividend yield. Buy. Buy more at decline.
Havells India (Rs. 597.00) (Code : 517354) (F. V. : 1.00) :- Havells India
has reported 4 percent jump in its second quarter (July-Sept) net profit at Rs
178.6 crore against Rs 171.02 crore. Revenue increased by 23.3 percent at Rs
2190.99 crore against Rs 1,777.36 crore.The operating profit or EBITDA was up
2 percent at Rs 262.5 crore versus Rs 257 crore, while EBITDA margin was at 12
percent versus 14.4 percent. During the quarter, the company has Invested Rs
16.66 crore to acquire remaining 31.08 percent shareholding in its subsidiary
company Promptec Renewable Energy Solution. Promptec has become wholly
owned subsidiary of the company. Except Lloyd Consumer products sales, All
the other revenue segments of Havells, including switchgears (28.3 percent),
cable (34.6 percent), and electrical consumer durables (42.4 percent) saw a YoY
increase in revenue. Only lighting and fixtures’ revenue was flat at Rs 285.61
crore, down by 0.4 percent. Havells has developed strong brand name. Buy.
Coromandel International (Rs. 387.00) (Code : 506395) (F. V. : 1.00) :-
The fertiliser industry witnessed the phased roll out of Direct Benefit Transfer
(DBT) scheme, that intends to bring traceability across the fertiliser value chain
and promote balanced nutrient practices. Considering the mammoth scale and
complexity involved in connecting more than 2,00,000 retailers, companies like
Coromandel International will benefit immensely. Along with the Department of
fertilisers (DoF), effectively took up the challenge and executed its implementa-
tion. DBT signals a significant shift in operating philosophy for the industry and in
particular, for Coromandel. Its scope is expected to be enhanced further in com-
ing years, which will also help the company to ease the working capital situation.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending • Stop loss is useful for Short
/ Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or
may not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
Financial Weekly
Power Grid (Rs. 189.00) (Code : 532898) (F. V. : 10.00) :- Power Grid
Corporation of India (PGCIL) is a Central utility set up to transmit power in bulk. 50% of the total
power generated in the country is transmitted by this PSU Navratna. Responsibilities include plan-
ning, coordination, supervision and control over the inter-state transmission system and operation
of the national and regional power grids. The government controls around 56.9% stake. Gross
fixed assets recorded a CAGR of 16.4% from Rs 96504 crore in the fiscal year ended March 2014
(FY 2014) to Rs 177100 crore in FY 2018. Profit after tax saw a CAGR of 16.3% from Rs 4497.2
crore in FY 2014 to Rs 8238.96 crore in FY 2018.Ongoing projects accounted for around Rs 75000
crore, new projects Rs 2500 crore and tariff-based competitive bidding projects Rs 16500 crore
end March 2018. The best placed utility in the sector is also generating RoE in the range of 15-16%
consistently amid strong capex of more than Rs 25000 crore every year.The book value stood at
Rs 108 per share end June 2018.Invest.
Natco Pharma (Rs. 726.00) (Code : 524816) (F. V. : 2.00) :- Drug firm Natco
Pharma's stock was up last week as the US Court of Appeals has affirmed Teva's Copaxone
dosing patents in the strength of 40 mg/ml as invalid. Copaxone is the most prescribed multiple
sclerosis (MS) treatment for relapsing forms of multiple sclerosis in the US with brand sales for the
20 mg/ml dose of around $527 million and for the 40 mg/ml dose of about $2.86 billion for the 12
months ending August 31, 2018. Natco enjoys an API portfolio of over 37 US DMFs (submission of
details to FDA) with more than 10 products under development. The company has 43 niche ANDA
filings, including 20 Para IV filings in the US and 22 approved ANDAs. The management believes
that only niche products will make money in the US market. Over the next few years, the company
said it has few one-off large opportunities in the US.The stock is worth accumulation.
TCS (Rs. 1917.00) (Code : 532540) (F. V. : 1.00) :- The country's largest software
exporter TCS Thursday reported a 22.6 per cent jump in consolidated net profit at Rs 7,901 crore in
the July-September 2018 quarter, buoyed by strong demand for digital services. Revenue growth
of 20.7 per cent at Rs 36,854 crore in the September quarter, up from Rs 30,541 crore a year ago.
Its earning per share for the quarter was at Rs 20.66.The IT services provider got a boost from the
rupee fall as it bills majority of the US and overseas clients in dollars. The rupee declined 5.6
percent in the quarter, making it the worst performing Asian currency. The net employee addition in
September 2018 quarter was at 10,227 professionals, highest in 12 quarters, the company said.
Total employees strength at the end of Q2 stood at 4,11,102 on a consolidated basis.The stock has
corrected in an overall weak market. Buy. Buy more at decline.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending • Stop loss is useful for Short
/ Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or
may not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
Financial Weekly
Time Technoplast (Rs. 119.00) (Code: 532856) :- Shares of this plastic products
company are listed in the A Group, and have face value of Re. 1. The shares touched a 52-week
high of Rs. 232 and low of Rs. 115. It is a leading producer of polymer products, and has operations
in several countries. It mainly provides industrial packaging solutions, composite cylinders, film,
lifestyle products, infra material handling solutions, and auto component industries. Its clients in-
clude BASF, Aditya Birla, Shell, Indian Oil, Gulf, Ashok Leyland, Tata Motors, Eicher, etc. It had
entered consumer packaging business by entering into a technology and licensing agreement
with Dow Chemical International for introducing smart cans in India. Mutual funds hold 9%, and
FPIs hold 19.28% stake in the company. For the year ended March 2018, it reported income of Rs.
1,807 crores, and net profit of Rs. 113.29 crores. For June quarter, income was Rs. 450 crores and
profit was Rs. 24.44 crores. The share's book value if Rs. 58. In the last three years, it has reduced
debt to equity ratio from 0.64 to 0.52, while ROCE has gone up from 13.51% to 15.71%. The stock
is trading at a forward PE multiple of 16, and is attractively valued. It can cross Rs. 150 in the short
term, and Rs. 175 in the medium term.
Trident (Rs. 63.00) (Code: 521064) :- Shares of this textile company have face value
of Rs. 10. The A Group listed shares touched a high of Rs. 105 and low of Rs. 51 in the last 52
weeks. It is a leading global producer of terry towels and has also become the world's largest
manufacturer of wheat straw based paper. Its chemical business is expected to get a boost from
closure of chemical units in China. It is also expected to benefit from lower raw material prices and
increasing capacity utilisation. It is gearing up to reduce debt by Rs. 400 crores in two years. For
September quarter, it reported income of Rs. 1,392 crores, while net profit more than doubled to
Rs. 109.14 crores. Trading at a PE multiple of 10, the stock can deliver attractive returns in the
medium to long term. JM Financial has given a 'Buy' rating on Trident with a target price of Rs. 85.
Meghmani Organics (Rs. 76.00) (Code: 532865) :- Shares of this A Group listed
specialty chemicals company have face value of Re. 1. The shares touched a high of Rs. 129 and
low of Rs. 69 in the last 52 weeks. Promoter holding is 50.31%. This top global producer of colour
pigments has plants in Dahej. It has strong presence in 17 states, and network in 75 countries.
More than 80% of its pigment production and over 50% of pesticides, are sold in export market. It
also produces agrochemicals and basic chemicals. It is increasing caustic soda capacity from
1,66,600 MTPA to 2,71,600 MTPA with an investment of over Rs. 300 crores. The new capacity is
likely to be commissioned by June next year. For June 2018 quarter, it reported consolidated in-
come of Rs. 476 crores and profit of Rs. 77.07 crores. Nalanda Securities has given a 'Buy' rating
on this stock with a target price of Rs. 110.
South Indian Bank (Rs. 14.00) (Code: 532218) :- Shares of South Indian Bank are
listed in A Group, and have face value of Re. 1. The shares touched a 52-week high of Rs. 34 and
low of Rs. 12. The private sector bank has sold some of its bad assets to ARCs, which will help in
erosion of asset quality. Not a single large corporate account is now in the NPA list. The bank is
shifting its focus from corporate loans to SME retail loans, which will reduce its credit cost, and
boost margins. For September quarter, Bank reported income of Rs. 1,696 crores, and profit of Rs.
70.13 crores. The profit in the same quarter last year was Rs. 4.32 crores. Bank's NPAs have gone
up from 3.57% to 4.61%. The share surged over 16% on both BSE and NSE on October 16. The
stock is trading near the 52-week lows. P Liladhar and Motilal Oswal have given 'Buy' rating on the
stock with target price of Rs. 22 and Rs. 20 respectively.
SEBI Registered Research Analyst)
* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on 19th Oct.,2018 unless
specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though, every care has been taken,
we will not responsible for any errors / omissions • All disputes are subject to Ahmedabad jurisdiction
Financial Weekly
Ashok Leyland (Rs. 112.00) (Code: 500477) :- From the lows of Rs. 12 in August
2013, the share has been going from strength to strength. In just five years, it touched a high of Rs.
165, from where it has corrected to the existing levels. The Hinduja group company is a manufac-
turer of commercial vehicles. The shares are listed in the A group and have face-value of Re. 1.
The share touched a 52-week high of Rs. 167 and low of Rs. 103. For 2018, income went up from
Rs. 22,749 crores to Rs. 29,619 crores. Net profit rose from Rs. 1,643 crores to Rs. 1,807 crores.
For Q1 of 2019, income rose from Rs. 4,238 crores to Rs. 6,250 crores, and profit from Rs. 111.24
crores to Rs. 370.1 crores. Company is expected to continue its strong performance. It is hopeful of
getting good orders from defence. It is also betting big on electric cars. Fund houses have been
buying this stock. It can deliver good returns in the long term.
Jindal Stainless (Rs. 55.00) (Code: 532508) :- The shares are listed in B Group,
and have face value of Rs. 2. The shares touched a 52-week high of Rs. 132 and low of Rs. 48.
Promoter holding is 66.52%. For June quarter, Jindal Stainless's income rose from Rs. 2,015 crores
to Rs. 3,146 crores, while net profit surged from Rs. 41.5 crores to Rs. 90.85 crores. For FY 2018,
income went up from Rs. 9,279 crores to Rs. 11,638 crores, and profit zoomed from Rs. 81.57
crores to Rs. 345.50 crores. The stock is quoting at a PE lower than six. The OP Jindal Group
company runs a 1 million tonne stainless steel plant. It also has a 2.50 lakh tonnes per annum
ferrous alloy capacity. The stock can be purchased if it corrects to Rs. 45-52 levels. Promoters had
increased stake by 1.39% in March quarter.
Hikal (Rs. 151.00) (Code: 524735) :- The shares are listed in B Group, and have face
value of Rs. 2. The shares touched a high of Rs. 207, and low of Rs. 130. Promoter holding is
68.77%. It reported stable numbers for June quarter. Income went up from Rs. 259.65 crores to Rs.
321.79 crores, and profit up from Rs. 13.32 crores to Rs. 15.93 crores. For the whole year 2017-18,
income went up from Rs. 1,000 crores to Rs. 1,278 crores, and profit from Rs. 63.89 crores to Rs.
77.23 crores. The company has presence in pharma, biotech, agrochemicals, and specialty chemi-
cals segments. Its plants are USFDA approved. It has performed very well over the years, and
added to investors' wealth. The stock can be invested in for the medium term. The company re-
cently announced a bonus issue, and the stock has become ex-bonus.
Federal Bank (Rs. 81.00) (Code: 500469) :- This bank has strong presence in south
India, particularly in Kerala. It has reported strong results for September quarters. Income went up
from Rs. 2,380 crores to Rs. 2,765 crores. Profit rose marginally from Rs. 263.7 crores to Rs. 266.04
crores. In first half of the year, income rose from Rs. 4,704 crores to Rs. 5,432 crore, whereas profit
went up from Rs. 474 crores to Rs. 529 crores. The share has face-value of Rs. 2. The share
touched high of Rs. 128 and low of Rs. 67 in the last 52 weeks. Federal Bank has a network of over
1,300 branches. In the second quarter, bank's provisioning has not gone up by much, and its NPA
levels are also stable. The stock was in correction mode for long, but went up sharply after its
results. One can invest in phases in this stock.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending • Stop loss is useful for Short
/ Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or
may not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
Financial Weekly
NIFTY
For next week NIFTY has strong support around 10200 levels. Break will take it to 10135 levels.
On the upper side NIFTY will face strong hurdle at 10395 levels, cross over with volume and close
above will create short covering at take NIFTY up to 10445-10525 levels…
BANK NIFTY
For next week BANK NIFTY has strong support around 24900 levels. Break will take it to 24715-
24500 levels. On the upper side BANK NIFTY will face strong hurdle at 25280 levels, cross over
with volume and close above will create short covering at take BANK NIFTY up to 25500 levels…
INVESTMENT IDEAS…
ALKALI METALS LTD (533029 & NSE) (59.6) (Face Value Rs.10)
During Q2FY19, its net profit soared 135% and During H1FY19, its PAT zoomed 72%. Its 52
week high rate is Rs.106. Stock almost corrected 44% from 52 week high. Everyone, whose finan-
cial advisor is allowing to trade in this stock for medium to long term can watch with a stop loss of
Rs.50.
PATEL ENGINEERING LTD (531120 & NSE) (38) (Face Value Re.1)
Patel Engineering Ltd., founded in 1949 is one of the most integrated infrastructure and con-
struction services conglomerates in India. Company has a breadth of experience encompassing
all sectors of the Infrastructure industry from dams, tunnels, micro-runnels, hydroelectric projects,
irrigation projects, highways, roads, bridges, railways, refineries to real estates and townships.
Company specializes in hydro-electric projects, transportation projects, water treatment projects
as well as real estate such as buildings, townships, malls and structures. Over the years, the com-
pany has grown from strength to strength, having successfully completed over 250 projects.
The Company's equity is Rs.15.7crore while company has huge reserve of around
Rs.2144.11crore. Promoters hold 20.74% while investing public hold 75.42% stake in the com-
pany. Company has taken major steps and measurement to reduce its debt in last few years and
with this steps and measurement its debt came down from Rs.5266.17crore in FY17 to
Rs.2920.23crore in FY18. Its debt to equity ratio declined from 2.46 to 1.35. Its share book value
works out to Rs.141.12 and the price to book value ratio stands at just 0.27x.
For FY18, it has reported PAT of Rs.104.8crore against loss of Rs.102.89crore on income of
Rs.2274.55crore fetching an EPS of Rs.6.67. During Q1FY19, it has reported PAT of Rs.36.17crore
against loss of Rs.4.72crore on income of Rs.555.49crore fetching an EPS of Rs.2.3. The stock
currently trades at a P/E of just 4.
The Order book of the company as on March 31, 2018 was Rs. 8240crore. Recently company
has received fresh orders of Rs.2400crore. Its 52 week high rate is Rs.96.05 which was formed on
28th November 2017. Stock almost corrected 61.5% from 52 week high.
Everyone, whose financial advisor is allowing to trade in this stock for medium to long term can
watch with a stop loss of Rs.27.
Cont....
Financial Weekly
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.
Financial Weekly
Year 2017 created a history for the primary market but Year 2018 turns out to be a flopshow
Calendar year 2018 gives negative returns of 19% in IPO Index: out of 24 IPOs 17 are in discount
Due to constant poor listing of IPOs the investors' confidence in the primary market is shaken so they are turning away from it
Companies-Promoters have lost courage to enter into the market due to poor response from the investors
In absence of mainboard or SME IPOs the market is witnessing vacation much before Diwali
BCPL Railway SME IPO creates record with double extension: it was managed at 11th hour
Sun Retails' IPO was extended due to poor response, but witnessed mysterious spurt of 56% on listing
Shree Ram Trans' NCDs issue got 1.65 times subscription: May get close ahead of schedule
All eyes on listing of SME IPOs of Veeram, IRIS, Ultra Wiring
B&B Triplwall and SM Gold SME IPOs got listed with nominal premiums
Year 2017 turned out to be historic in terms of amount of money raised from the market. It
should be important to note that none of the IPOs was withdrawn from the market in 2017.
However, story in 2018 is completely different. IPO index has also fallen prey to the bearish
trend started in September and IPO Index has given negative returns of 18.2% since begin-
ning of 2018. In the current calendar year 24 IPOs have raised Rs31,731 crore through
mainboard IPO platform. Out of these 24 mainboard IPOs 17 have given negative returns,
while 4 IPOs witnessed listing gain in range of 2% to 93%.
The issues that gave handsome return on listing include HDFC Asset Management and
Subscription Figures of SME IPO (Dt. 19-10-2018) Amber Enterprise. These stocks wit-
IPO Listing Day Subscribed
nessed listing gain of 65%. Market senti-
Veeram Infra Engg. BSE SME Issue Closed on 12-10-2018 1.12x
IRIS Clothing NSE SME Issue Closed on 12-10-2018 1.08x ment was ruined due to crash in small and
Ultra Wiring Conn. NSE SME Issue Closed on 17-10-2018 1.83x
BCPL Railway BSE SME Issue Closed on 19-10-2018 1.25x midcap shares as majority of the retail in-
vestors belong to this segment. In the cur-
Subscription figure of
rent calendar year Midcap has witnessed
Shriram Transport Finance Corporation NCDs
23% and Smallcap has witnessed 30%
No. of Bond Issue Subscribed
Offered/ 15-10-18 16-10-18 17-10-18 18-10-18 erosion in value.
Reserved
Cat. I Institute 3,00,000 0.02x 0.02x 0.02x 0.02x
The IPOs that witnessed the highest
Cat. II Non Inst. 3,00,000 0.07x 0.11x 0.51x 0.54x erosion in value in 2018 include Apollo Mi-
Cat. III HNI 12,00,000 0.24x 0.37x 0.44x 0.46x
Cat. IV Retail 12,00,000 1.75x 2.62x 3.16x 3.53x cro and ICICI Securities, which witnessed
Total 30,00,000 0.80x 1.21x 1.49x 1.65x
IPO Scorecard
TOP - LOSERS TOP - GAINERS
Co. Name Issue Issue CMP Change Co. Name Issue Issue CMP Change
Size Price Price (%) Size Price Price (%)
S. Chand & Co. 514.91 670 208 -68.96 Avenue Supermart 299 1237 938 313.71
General Insurance 11372 912 313 -65.68 AU Small Finance Bk. 358 539 181 50.56
ICICI Sec. 3514.85 520 246 -52.69 Fine Organics 783 1059 276 35.25
IndoStar Capital 1846 572 299 -47.73 HDFC St. Life 290 369 79 27.24
Bharat Road Net. 600.65 205 126 -38.54 Mahindra Logistics 429 539 110 25.64
Reliance Nippon L. 1542.24 252 155 -38.49 ICICI Lombard Gen. 661 808 147 22.24
Hindustan Aero 4144.06 1215 777 -36.05 HDFC AMC 1100 1336 236 21.45
Bharat Dynamics 960.94 428 278 -34.85 Lemon Tree 56 68 12 21.43
Credit Access Gram. 787 418 277 -33.73 ERIS LifeSciences 603 730 127 21.06
Galaxy Surfactants 655.96 1480 1235 -16.55 Godrej Agrovet 460 520 60 13.04
Aster DM HC 710.04 190 168 -11.58 Bandhan Bank 375 417 42 11.20
fall of 50%. Moreover, Hindustan Aeronautics witnessed 36%, Bharat Dynamics 33%, Credit
AccessGrameen 33%, TCNS Clothings 22%, IRCON 22%, IndoStar 47% erosion in the
value.
On the contrary, four IPOs got listed at lower price but now giving good returns compared
to offer price. Fine Organics (40%), RITES (31%) and Mishra Dhatu (31%) have given posi-
tive returns.
If money raised by SME IPOs are added with that of mainboard issues, then total 128
IPOs have raised $5.24 billion from the market. In the third quarter of the year, the IPO
process slowed down. It should be noted that in third quarter only three IPOs that are listed
on BSE-NSE entered into the market, while in the corresponding period in 2017, total 11
public issues entered into the market. Similarly, as against 19 SME IPOs in Q3 of 2018, 49
SME IPOs entered into the market in Q3 of 2017. It shows fall of 61%.
It is estimated that in 2018 total 23 companies have got listed, while in 2017 the number
was 32. Out of these 55 listed mainboard companies 26 are being traded at lower than the
offer price. Out of 31 companies that got listed after 2017, 17 are being traded at lower than
the offer price. Top losers and Top Gainers are given in separate box.
The investors with shaken confidence are turning away from the market. As a result, the
issues are getting poor response and majority are managed at 11th hour. Some of the issues
were forced to be withdrawn. Recently, mainboard issue of Garden Reach was forced to
extend the subscription deadline and bring down the offer price. It is very serious issue that a
Financial Weekly
PSU was forced into such situation. Moreover, Dinesh Engineers issue was of just Rs185
crore still it was withdrawn due to lukewarm response.
In SME Segment, Deccan HC, SORICH, Salebhai were also withdrawn and Sun Retail,
AKI, Veeram Infra were extended. Interestingly, BCPL Railway IPO was extended not only
once but twice. It has created a record of a sort as none of the issue has met such fate.
As the investors have lost faith in primary market, the promoters are not gathering cour-
age to jump into the market despite the fact that IPOs worth Rs85,000 crore are in the
pipeline. As a result, the Diwali Vacation has started early in the primary market due to lack
of presence of either mainboard or SME IPO.
* Last week's issues :- Last week two SME IPOs - Ultra Wiring and BCPL Railway - and
NCDs issue of Shriram Trans Fin were in the market.
Ultra Wiring :- Rs4.82 crore issue with offer price of Rs35 opened on October 12 and got
close on October 17 with 1.83 times subscription.
BCPL Railway :- Rs17.01 crore issue with fixed price of Rs35 opened on October 5 and
was supposed to get close on October 11 but due to poor response the subscription deadline
was extended till October 19. It sailed through with difficulties as it got only 1.25 times
subscription after extending the IPO twice.
* Shriram Tans NCDs :- The issue with base price of Rs300 crore and shelf limit of
Rs1350 crore opened on October 15. It has got 1.65 times subscription. The issue was
scheduled to close on October 29 but it may get close ahead of it.
* SME IPO Listing :- The listing details of three SME IPOs - B&B Triplwall, Sun Retail and
SM Gold are given in separate box.
NSE SME IPO of B&B Triplwall and BSE SME IPO of SM Gold got listed with nominal
premiums and now being traded near offer price.
It should be noted that BSE SME IPO Sun Retail (Code:542025) got listed on October 16
at price of Rs36 against fixed price of Rs23 witnessing premium of 57%. It went up to
Rs37.80 and down to Rs36 before closing at Rs37.80. On Friday, the issue closed at Rs36.10.
It is surprising that Sun Retail issue got extended due to poor response from the investors.
The issue sailed through only with 11th hour efforts to manage it. So how come the issue got
rejected by the investors get spurt of 56% on listing?
Financial Weekly
M&M (Rs. 741.00) (Code : 500520) (F. V. : 5.00) :- With over 40% share,
Mahindra & Mahindra (M&M) is the market leader in utility vehicles (UV) and tractors. Other prod-
ucts include commercial vehicles (CVs) and three- and two-wheelers. South Korean subsidiary
Ssangyong makes sports utility vehicles (SUVs) for global markets. Through listed and unlisted
subsidiaries, the world's largest tractor maker has presence in time share, agri finance, IT, aero-
space, commercial vehicles, auto components, defense, logistics, real estate, renewable energy,
speedboats and steel, amongst other businesses.Recently launched Marazzo has received good
response. Pick-up UVs, accounting for around 46% of the fiscal year ended March 2018 (FY 2018)
volumes, are back on the growth path due to economic recovery. The 45% market share in the light
CV segment of less than 3.5 tonnes implies bounce-back in volumes.The tractor segment is ex-
pected to expand 12-14% in FY 2019 and its long-term growth story remains intact.M&M is ex-
pected to register EPS of Rs 42 in FY 2019. The stock is worth accumulation.
CESC (Rs. 906.00) (Code : 500084) (F. V. : 10.00) :- CESC Ltd's shares jumped
last week as the company got approval from NCLT, it has decided to demerge non-power invest-
ments into two entities - new retail and venture companies.Each existing shareholder of CESC, for
every 10 of his holding, will be allotted additional 6 shares of Rs 5 each in new retail and additional
2 shares of Rs 10 each in the venture company. After the split, CESC will be a Rs 8,000 crore
company, while the retail group would be around Rs 2,500 crore. The third company, which would
include IT, FMCG and Quest Mall, is expected to be worth around Rs 5,000 crore. Paid up equity
share capital of New Retail and Venture Companies would be Rs 40 crore and Rs 26 crore respec-
tively, over and above the equity share capital of CESC of Rs 132 crore. Investors will benefit from
this demerger. Buy.
Eicher Motors (Rs. 21670.00) (Code : 21989) (F. V. : 10.00) :- Royal Enfield
(RE) is the strongest premium motorcycle brand in India. It dominates the above 250cc category,
where it commands a 91 percent market share. This is on back of a differentiated motorcycle it
provides along with a unique experience.The company gained substantial market share in the
above 125cc category over the years, which has risen to about 27 percent in FY18 from 3.8 percent
in FY12. The market expansion was led by strengthening of its position in traditionally strong de-
mand states and inroads in states which have a large motorcycle market but where penetration
was lower.In FY17, the company opened a subsidiary in Brazil: the biggest two-wheeler market in
Latin America. It also made inroads in Vietnam and Argentina by opening its flagship stores and
further strengthened its presence in the UK, France, Austria, Mexico, Indonesia, Thailand, New
Zealand and Colombia by adding new stores in these countries.Invest in this stock.
ACC (Rs. 1422.00) (Code : 500410) (F. V. : 10.00) :- Cement maker ACC Ltd has
posted a 15.7 per cent rise in quarterly profit, which fell short of market estimates as expenses rose.
Standalone profit was Rs 2.06 billion ($27.99 million) for the third quarter ended Sept. 30, com-
Financial Weekly
Gujarat Gas (Rs. 645.00) (Code: 539336) :- The board is slated to meet on Novem-
ber 3 to finalise second quarter results, and to decide on stock split. There is current in the stock.
Jayshree Tea (Rs. 89.00) (Code: 509715) :- Tea-coffee prices are on the rise in
international markets. Output has been affected due to Kerala floods. Exporter companies such as
Harrison, Tata Tea, etc. are also likely to benefit from a strong dollar.
CESC (Rs. 906.00) (Code: 500084) :- This Kolkata-based company is set to demerge
some of its businesses, which will help it in unlocking significant value.
SBI (Rs. 260.00) (Code:500112) :- The bank's board is slated to meet on October 22 to
decide on fund raising plans. The funds could be raised through FPO, QIP, preferential allotment
or rights issue.
Jet Air (Rs. 229.00) (Code: 532617) :- This airline stock rose 6% even in a weak
market on Friday. This was on the back of news that Tata Group, which holds stake in Air Vistara
and Air Asia, plans to acquire stake in Jet Airways.
Nitco Limited (Rs. 36.00) (Code: 532722) :- Demand for furniture, furnishings and
paints is expected to rise with the end of monsoon season. Increased orders for renovation will
also benefit this company.
Cochin Shipyard (Rs. 388.00) (Code: 540678) :- The company's board recently
announce buyback of shares at Rs. 455 apiece. The share is likely to soar in the days ahead.
J&K Bank (Rs. 42.00) (Code: 532209) :- Both income and profit have shot up in
September quarter. Both gross and net NPAs have fallen.
Rico Auto (Rs. 69.00) (Code: 520008) :- Vehicles sales are likely to remain strong in
the festival season. Auto as well as auto ancillary shares are expected to shine.
Canara Bank (Rs. 220.00) (Code: 532483) :- The reduction in bond yields is ex-
pected to lead to greater attraction in banking shares. Canara Bank is also expected to report
better-than-expected numbers.
Deepak Nitrite (Rs. 250.00) (Code: 506401) :- The board is slated to meet on
October 26 for Q2 results. The quarterly results are expected to be better than the first quarter
numbers.
Sunflag Iron (Rs. 57.00) (Code: 500404) :- The government's decision to extend
anti-dumping duty on special steel products will benefit Sunflag, Vardhman, and Specialty Steel.
MT Educare (Rs. 52.00) (Code: 534312) :- The shares of MT Educare besides Ca-
reer Point are likely to remain in focus ahead of announcement of education policy by the govern-
ment.
Marksans Pharma (Rs. 29.00) (Code: 524404) :- This small-cap pharma exporters
is seen benefiting from a weak rupee. It is likely to announce strong quarterly numbers. Net profit
had grown 73% in the last quarter.
Titan (Rs. 789.00) (Code: 500114) :- Gold prices are up in the last 12 months. It is
believed that a draft to provide some relief to jewellers is ready. It is believed that this sector will be
given some GST benefits. Export benefits may also be announced. Shares of Titan, PC Jewellers,
TBZ, Thangamil, are expected to shine.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending • Stop loss is useful for Short
/ Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or
may not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
Financial Weekly
7744804098
Financial Weekly
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Financial Weekly
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Financial Weekly
17th Aug-15 J M FIN 52.5 60 191.6 265% 5th Aug 16 ION EXCHANGE 327 445- 450 638 95%
12th Aug 16 IOL CHEM 137 175- 275 156 14%
11th Sep-15 NAVKAR CORP 166 185- 190 247 49%
18th Aug 16 SAMBANDAM SPI 113 130- 140 163.5 45%
11th Sep-15 ECLERX SERVICES 1425 1600 1784 25%
22nd Aug 16 SUBE X 12.65 16.5-18.4 13.5 7%
11th Sep-15 KSCL 457 530- 550 708 55%
31st Aug 16 IDFC 58.25 70 71.3 22%
24th Sep-15 GHCL 142 165- 200 299 111%
8th Sep 16 IRB INFRA 242 270- 285 272.65 13%
6th Oct-15 CHENNAI PETRO 238 275- 350 480.5 102%
8th Sep 16 TALBROS ENG 238 255- 260 824 246%
7th Oct-15 HFCL 16.7 20-25 35.95 115%
16th Sep 16 NOCIL 68 85 193.5 185%
12th Oct-15 ARSS INFRA 36.5 50-54 114 212%
21st Sep 16 CONART ENG 40 48 64.9 62%
14th Oct-15 ASHOK LEYLAND 94.25 105- 110 133.9 42% 23rd Sep 16 KEI IND 120.5 140- 170 372 209%
4th Nov-15 LLOYD ELE 274 315- 350 340 24% 29th Sep 16 DYNAMIC IND 60 70-75 109.85 83%
16th Nov-15 TANLA SOL 36.5 50 66.45 82% 29th Sep 16 GSFC 77 101 162.7 111%
21st Nov-15 PRIMA PLAST 83 100- 125 315 280% 5th Oct 16 MAGMA FIN 116 140 189.85 64%
26th Nov-15 PRATIBHA IND 45 55 51 13% 19th Oct 16 JINDAL POLY 429 460- 490 477 11%
16th Dec-15 COMPETE NT 140 185- 190 260 86% 25th Oct 16 A2Z INFRA 40.75 50 52.65 29%
21st Dec-15 SUN PHARMA 750 1000 899 20% 30th Oct 16 JENBRUKT PHARMA 482 700 572.5 19%
8th Jan-16 ASM TECHNO 195 230- 300 220 13% 30th Oct 16 ADVANCED ENZ 2125 2700 2375.5 12%
15th Jan-16 TYCHE IND 50 72 STOP LOSS 4th Nov 16 MAFATLAL IND 443 425- 500 STOP LOSS
27th Jan-16 ASHOKA BUILD 192 230 STOP LOSS 4th Nov 16 ABC BEARINGS 174 210- 250 450 159%
5th Feb-16 SWISS GLASS 118 150 227 92% 2nd Dec 16 MRPL 100 119-138- 149 146.7 47%
19th Feb-16 ELEGANT MARBLE 95 125 195.95 106% 9th Dec 16 SONATA SOFT 164 195 224 37%
3rd March-16 SHIVALIK BI 11 27-35 95 764% 16th Dec 16 INDIA GLYCOL 137 180- 200 412 201%
8th March-16 SUDARSHAN CHE 86 115 459 434% 30th Dec 16 MADHAV MARBLE 59 64-66 79.5 35%
21st March-16 J K TYRE 83 105- 135 186.3 124% 30th Dec 16 ORIENT BEVERAGES 160 170- 172 186.5 17%
4th Jan 17 RAIN IND 56.5 70 319 465%
21st March-16 NHPC 21.85 27-32 34.5 58%
5th Jan 17 MAGNGALORE CHEM 48.2 55-60 84.4 75%
8th April-16 SUBE X 10.1 13.75-16.5 14.25 41%
6th Jan 17 INDO RAMA 34.25 36-37 42.6 24%
13th April-16 CAREER POINT 118 135- 175 166.7 41%
11th Jan 17 TRIDE NT 62.5 75-100 109.5 75%
13th April-16 KLRF 58 75-110 122 110%
13th Jan 17 PITTI LAMINATIONS 60 63-65 75 25%
26th April-16 BENGAL TEA 50 60-65 63.5 27%
20th Jan 17 SUPER CROP SAFE 136 225 180 32%
Financial Weekly
(2)
Date Stock Reco. Target Achi eved Return Date Stock Reco. Target Achieved Return
Rate (Rs.) Rate (%) Rate (Rs.) Rate (%)
27th Jan 17 IHTL 192 202 202 5% 30th June-17 PRIME URBAN 31.5 34-35 38.35 22%
2nd Feb 17 SUBE X 10.6 13-14 12.35 17% 4th July-17 PRIYA LTD 102 112- 140 117.5 15%
6th Feb 17 BGR ENERGY 138.5 175 183.4 32% 7th July-17 SUNFLAG IRON 41 51-55 87.8 114%
6th Feb 17 LAURUS LAB 538 625 640 19% 17th July-17 ORIENT BEVERAGES 175 181- 185 186.4 7%
14th Feb 17 AT LANTA 83 105 120.45 45% 18th July-17 ORIENT BEVERAGES 179 191- 195 STOP LOSS
16th Feb 17 PITTI LAMINATIONS 62 72-75 75 21% 24th July-17 TWL 121.5 155- 160 STOP LOSS
16th Feb 17 EON ELECTRIC 63.5 85-90 137.5 117% 28th July-17 REMSONS IND 82 110- 115 89.6 9%
28th Feb 17 KWAL IT Y 157 175- 185 167.95 7% 3rd August-17 NTC Ind 61 75-80 72.5 19%
1st March-17 SPARC 339 370- 385 446 32% 11th August-17 AGRITECH INDIA 59 - 149 153%
2nd March-17 KOPRAN 71 83-95 102.45 44% 11th August-17 E COPL AST 112 - STOP LOSS
8th March-17 AJMERA REALTY 197 250- 260 297.8 51% 11th August-17 BIMETAL BEARING 460 - 561.3 22%
10th March-17 CORDS CABLE 81.5 84-86 145 78% 18th August-17 PUDUMJEE IND 15 - STOP LOSS
15th March-17 ADANI ENTER 99.5 115- 120 160.7 62% 22nd Aug. SPARC 410 550 446 9%
17th March-17 GUJ THEMIS 48 53-55 55.5 16% 24th August-17 PATSPIN 27.5 31-33 30.3 10%
17th March-17 SHILCHAR TECHNO 380 450- 525 524.9 38% 29th August-17 BNR UDYOG 59.5 65 STOP LOSS
20th March-17 ELECTROSTEEL CAST 29.5 37-40 40.65 38% 30th August-17 NMDC 126.5 150 138.5 9%
24th March-17 ONWARD TECH 74.5 78-80 170 128% 30th August-17 J M FIN 128 150 191.6 50%
24th March-17 AVT NATURAL 37 39.5- 41 50.75 37% 1st Sep-17 VASWANI IND 15.5 17.5- 18 24.6 59%
29th March-17 SANKHYA INFO 58.5 70-75 69.7 19% 7th Sep-17 INDBANK MERCHANT 21.5 25-27 26.9 25%
31st March-17 MOLD-T EK 53.5 55-56 59.9 12% 14th Sep-17 COMPUCOM SOFT 17 20-21 19.4 14%
5th April-17 MTNL 25.75 31-35 27.1 5% 20th Sep-17 ORIENT CEM 162 190 182 12%
6th April-17 SARDA ENERGY 258 300 518.4 101% 22nd Sep-17 AKAR TOOLS 108 113- 115 117 8%
13th April-17 WEIZMANN 524 560- 570 1125 115% 27th Sep-17 PUDUMJEE PULP 26.85 29.5 28.5 6%
20th April-17 COMPUCOM SOFT 17.5 19.5-20.5 SL 28th Sep-17 SANGHI IND 98 125 137.2 40%
21st April-17 ALEMBIC 46.7 55-61 51.7 11% 3rd Oct-17 DHARNI SUGAR 32 35.5 39.75 24%
28th April-17 REL INFRA 595 700 SL 6th Oct-17 PDMJE PAPER 31 38-40 34.1 10%
28th April-17 DAMODAR IND 95 100 144 52% 13th Oct-17 BHAGYNAGAR 33 38-40 39.4 19%
2nd May-17 VIPPY SPINPRO 50 55-56 SL 19th Oct-17 W H BRADY 235 325- 350 288.9 23%
2nd May-17 DEEP IND 326 400 SL 23rd Oct-17 W H BRADY 255 325- 350 288.9 13%
15th May-17 TALBROS AUTO 175 210 224.7 28% 24th Oct-17 GSFC 147 170- 175 162.7 11%
2nd June-17 TATA GLOBAL 156 175- 180 231.25 48% 24th Oct-17 SPIC 42.5 50-53 48.5 14%
2nd June-17 PITTI LAMINATIONS 58.5 63-65 75 28% 25th Oct-17 DHARNI SUGAR 36 41-43 39.75 10%
15th June-17 ACE 69.5 81-87 95.3 37% 31st Oct-17 SURANA T & P 7.5 9- 10.5 9.3 24%
22nd June-17 MANAPPURAM 97.5 107- 130 112.55 15% 1st Nov-17 MANGALORE CHEM 78 90-95 81.6 5%
Financial Weekly