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Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 2


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51

GAMC No. :1703/2018-20. Issued by SSP Ahd. Valid up to 31-12-2020


VOL : 11 • Issue No: 36 RNI No : GUJENG / 2008 / 24320 21st Oct. 2018 to 27th Oct. 2018

FII Activity (Rs. in Cr.)


Date Buy Value Sell Value Net Value
15-10-18 3913.95 3846.09 67.86
16-10-18 3941.17 5106.8 -1165.8
17-10-18 4680.64 4540.62 140.02
18-10-18 Holiday
19-10-18 6916.01 7534.27 -618.26
TOTAL 19451.77 21027.78 -1576.18
FII Activity (Rs. in Cr.)
Date Buy Value Sell Value Net Value
15-10-18 2477.8 2183.02 294.78
16-10-18 3781.17 2721.73 1059.44
17-10-18 3547.7 3890.81 -343.11
18-10-18 Holiday
19-10-18 4225.6 4227.74 -2.14
TOTAL 14032.27 13023.3 1008.97

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Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 6


INVESTMENT

Rapid Fire Stocks


- Kalpna J (Email- Kjtech79@gmail.com) (Ring : 97690 37711) Twitter : @Kj_TechTrades

NIIT Technologies (Rs. 1191.00)


Targets - 1285 to 1420 , Time Frame - 5 to 9 Months, SL- 1120
The company’s consolidated rev- Share Holding
enue stood at Rs825cr, up 4.6% qoq Category No. of shares Percentage
Promoters 18,848,118 30.65
and 16.4% yoy. Foreign Institutions 25,044,960 40.73
NIIT Tech reported better than ex- NBFC and Mutual Funds 8,681,240 14.12
General Public 4,851,971 7.89
pected numbers for Q1FY19. Others 3,249,939 5.29
Revenue grew by 4.6% qoq to Financial Institutions 731,989 1.19
Central Government 78,607 0.1

Rs825cr against consensus estimate of Rs807cr.


Banking and Financial Services vertical was up 8.8% qoq aided by growth in top accounts
in US and ramp up in new accounts in EMEA. Added two new accounts during the quarter.
Insurance was up 10% qoq aided by growth in key accounts in US and NIIT Insurance
Technologies Ltd. There were three new accounts added during the quarter.
Travel & Transportation was up 7.7% qoq aided by increase in top accounts in EU and in
US. Added two new logos during the quarter.
Fresh business of $151mn was secured during the quarter. This includes two large deals
and the company added nine new logos. Order book executable over the next 12 months
expanded to $347mn from $339mn in Q4FY18.
Utilizations grew by 60bps qoq to 80.1%. Attrition rate declined by 40bps qoq to 10.1%
Revenue from top-5 and top-10 clients have declined by ~2.5% qoq and ~6% qoq respec-

Cont...
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 7


INVESTMENT
tively based on contribution numbers. This points at higher growth in smaller clients.
Beat on the bottom-line was aided by higher other income. Other income was higher by
~42% on exchange difference (Rs8.3cr in Q1FY19 vs. Rs3.2cr in Q4FY18).
NIIT Technologies is a leading IT solutions organization, servicing customers in North
America, Europe, Japan, Asia and Australia. It offers services in Application Development
and Maintenance, Enterprise Solutions including Managed Services and Business Process
Management to organizations in the Financial Services, Transportation, Retail, and Manufac-
turing and Government sectors. The Company is certified in accordance to the ISO 27001
standard and also assessed at SEI CMMI - Level 5 Version 1.2. The Company has world-
class development centres at New Delhi, Kolkata, Mumbai, Bangalore, Atlanta, London and
Singapore. The company also has a sound Business Continuity Plan in place that can ad-
dress any natural or accidental disasters at its development and operation centres.
NIIT Tech is focussed on improving its sales growth by constantly enhancing its deal
pipeline (aims for one deal per quarter) and adding new logos. Digital revenues have in-
creased to ~26% of total revenue from ~20% in FY17, driving bulk of the growth. It has made
several external hires from global MNCs to maintain its momentum in digital and step up
focus in underpenetrated geographies (sales). This should also lead to better client mining
and new client acquisitions. Additionally, its focus on improving its offerings in sub-segments
like property & casualty within insurance and hospitality within travel should enable it ex-
pands in US and Europe. Consequently, top-line and bottom-line is expected to grow at 16%
and 25% CAGR respectively over FY18-20E.
NIIT Technologies is a mid-sized IT service provider. BFSI and travel & transport verticals
contributed 44% and 26% respectively to 4QFY18 revenue. Geographically, America and
EMEA accounted for ~48% and ~32% of revenue respectively, while 20% was contributed by
rest of the world (ROW).
NIIT Technologies Recognized as the only ‘Star Performer’ amongst ‘Major Contenders’
on the 2018 Everest Group PEAK Matrix™ Insurance Application Services

Cont...
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 8


INVESTMENT

United Spirits Ltd


(NSE: MCDOWELL-N) - SHORT TERM MULTIBAGGER
Buy at CMP - 533, Targets - 650- 680, Time Frame - 3 months to 9 months, SL-475
United Spirits Ltd is the Second largest spirits company in the world by volume and is a subsid-
iary of Diageo plc The company is engaged in the business of manufacture, purchase and sale of
beverage alcohol (spirits and wines), including through tie-up units/ brand franchises. They oper-
ate in two geographic segments: India Share Holding
and outside India. The India segment is
Category No. of shares Percentage
engaged in the business of manufac-
Promoters 5,372,083 3.70
ture, purchase and sale of beverage al-
Foreign Promoters 79,612,346 54.78
cohol (spirits and wines), including
Foreign Institutions 33,845,902 23.29
through tie-up units/ brand franchisees
General Public 11,408,143 7.85
within India. The Outside India segment
Others 8,845,380 6.09
is engaged in the business of manufac-
NBFC and Mutual Funds 5,957,063 4.10
ture, purchase and sale of beverage al-
Financial Institutions 279,305 0.19
cohol (spirits and wines), including
Central Government 7,521 0.01
through tie-up units/brand franchisees
outside India. The companys products include whisky, brandy and rum. Their brands include
Dalmore, Jura, Whyte and Mackay, Black Dog, Signature, Romanov, Antiquity, Royal Challenge,
White Mischief, Bouvet Ladubay and Four Seasons.
UNSP has a portfolio of ~140 brands. Its ‘Prestige and Above’ segment represented 47% of
total volumes and 64% of total net sales, while rest was contributed by the ‘Popular’ segment (as of
December 2017). The company’s current strategy is focused towards the premium segment brands
supported further by Diageo brands. Further, UNSP has developed sales and manufacturing ar-
rangements across each state, which provides it with significant competitive advantage. Addition-
ally, UNSP is looking to franchisee an additional 1-2 states over the next few months and plans to
monetise Rs2,000cr of non-core assets over the next 3-4 years.
Revenue from operation rose 6.4 percent at Rs 6900.4 crore on strong growth in the Prestige
and above segment as well as the benefit from lapping the impact of demonetization and the high-
way ban were partially offset by the one - off impact of the operating model changes.The operating
profit or EBITDA was at Rs 274 crore and margin was at 12.6 percent.Underlying net sales growth
during the quarter was 9 percent largely driven by a strong performance of our prestige and above
segment whose underlying net sales were up 14 percent.
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 9


INVESTMENT

Physical Share
 Signature Problem
 Name Change
 Death of Share Holder
 Transfer or Sell
 Address Change
 Any Affidavit

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Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 10


INVESTMENT

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

SMART 21st Oct. 2018 to 27th Oct. 2018 11


INVESTMENT

AMARJOTHI SPINNING (521097) (95)


Amarjothi Spinning Mills Limited is engaged in the Particular Qtr. End.
Q1FY19 Q4FY18 % Var.
manufacture of yarn. The Company owns approximately
Sales 58.61 49.83 18
eleven wind mills for captive consumption. The PBT 8.03 2.49 222
Company's services include dying and blending. It is PAT 6.43 1.99 223
engaged in dying fibers, which include cotton, organic EPS 9.52 2.95 223

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

SMART 21st Oct. 2018 to 27th Oct. 2018 12


INVESTMENT

TRADNICAL STRATEGY
Email: nimesh@nimeshthaker.com, M. 9228237373
NIMESH THAKER, BARODA
Sebi Registered NO. : INH000005874

Data indicates Nifty can change


its direction from Downward to Upward
Last week, I said that buy nifty near 10400 level and sell near 10700 level both strategy were
worked and we seen high volatile week ahead of expiry week. I was expected nifty had a strong
support of 10400-10350 level but we saw- that level to breach very firmly. If we looks at other data
then crude oil falls below $80, rupee appreciated last week and close below 73.5 mark , and Regu-
lator are doing action to solve liquidity issue at NBFC space- all factors are consider as positive
sign for Indian market.

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

SMART 21st Oct. 2018 to 27th Oct. 2018 13


INVESTMENT

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Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 14


INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
jatinsanghavi100@yahoo.com

RELIEF RALLY ENDS


TRADING RANGE ESTABLISHED
Resistance Zone Halts PUll-Back Rally :- As expected, the Relief rally hit a road-block at the Resis-
tance of 10700 and fell down, thereby ending the Relief rally. In the process, Market has now established
a Trading Range of 10710-10138. Market is likely to trade in the above mentioned Trading Range for next
few sessions. Since the Trend remains down, the bias will be negative and hence every bounce is likely to
be sold into. As the Volatility continues to spike, the greater probability is likely to be a break on the lower
side, which can lead the Nifty to test the previous bottom of 9951 and below.
Technically Speaking :- Sensex opened the week at 34971, made a high of 35605, low of 34140 and
closed the week at 34315. Thus it closed the week with a loss of 418 points. At the same time the Nifty
opened the week at 10524, made a high of 10710, low of 10249 and closed the week at 10303. Thus the
Nifty closed the week with a loss of 169 points.
On the daily charts, Nifty has formed a Black body Spinning Top whereas Sensex has formed an
Opening Black body Marubuzo. On the weekly timeframe both Sensex and Nifty have formed a Black
body candle which forms a Stick Sandwich pattern when considered along with last two week's candles.
Stick Sandwich is a Bullish Reversal pattern which requires bullish confirmation in next week. Thus more
than daily, weekly candlestick pattern suggests a Bullish bias.
On Friday, both the indices opened with a Downward Gap and formed a bearish candle on the daily
candlestick chart. This Bearish Gap between Sensex 34563-34727 and Nifty 10380-10436 will act as
Resistance in the near term.
Last week, the Nifty fell after hitting the Resistance at 10710. On the lower side there exists Support at
the recent bottom at 10138. Thus in the near term, both the indices have formed a trading range. Trading
Range for Sensex is between 33723-35605 and 10138-10710 for the Nifty. Since the bias is negative, the

This Weeks Recommendations


Rec. Name CMP SL TGT-1 TGT-2
Sell ShreeCem 14535 14833 14085 13630
Sell BajajAuto 2510 2562 2432 2353
Sell HDFC 1660 1690 1615 1569
Sell Siemens 874 891 848 821
Sell Hexaware 379 387 367 354

:::: INDEX LEVELS ::::


S3 S2 S1 CLOSE R1 R2 R3
NIFTY 9951 10074 10198 10303 10417 10547 10710
SENSEX 32991 33482 33974 34315 34727 35249 35605
Cont...
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 15


INVESTMENT

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

SMART 21st Oct. 2018 to 27th Oct. 2018 16


INVESTMENT

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

There is still light, at the end of the Tunnel !


One more such Friday when market witnessed a fall of about 150 points on Nifty and about 460
some points on Sensex. This one probably is the third such Friday in recent time when market
registered an outrageous fall. While everyone may talk about sub 10000 levels, we refrain to use
any such words until NIFTY is staying above 10138 decisively on day end closing basis. More
than talking about NIFTY alone, we would like to talk about MIDCAP100 and SMALLCAP100
indices for this week. The attractiveness of MIDCAP100 and SMALLCAP100 is at its bests. The
recent moves on both the indices are suggesting us that we are very near to the bottom. MIDCAP100
indices is constantly respecting 16000 levels and bouncing from these level even when small
goodness play in market. MIDCAP100 is seating at its long term support line and there are rare
chances that it breaks these line. SMALLCAP100 index is seating at the levels where 2008 high
was seating. Thus, this one is the horizontal line of support for SMALLCAP100. One should not
forget that MIDCAP100 have fallen about 38% from its peak where as SMALLCAP100 has fallen
41% from its peak to reach these supports of long term. Also the MOMENTUM COUNT towards
downside is over which suggests that down side falling steam for both the indices are nearly over.
All the readers should keep their eye on MIDCAP and SMALLCAP stocks more. We believe that
this is the time of end of the sob stories and sanity is already knocking the door! Every MIDCAP
and SMALLCAP stock which has not breached its support line and forming price patterns are the
stocks for us. This is the time for every reader to learn IT Delight way of Technical Analysis which
we teach by giving free software for life to all the participants.

RISING STAR:
JSW HOLDINGS (2019.3)
NSE: JSWHL, SECTOR: FINANCE & INVESTMENTS

Cont...
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 17


INVESTMENT

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

SMART 21st Oct. 2018 to 27th Oct. 2018 18


INVESTMENT
- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789
Nifty Overview : In Last Trading Session, Nifty closed at 10314. As informed in last week, we may see
selling pressure at around 10600 levels and indeed we could see selling pressure at 10700 levels and made
a low of 10247. Overall trend is weak but we have got a trading range. Nifty close below 10250 can go down
further while close above 10445 can be ositive for trading. Overall trend will still remain negative and its best
to sell at rise. As said earlier, there would be selling pressure around 10700/11000/11200 levels.
Bank Nifty Overview : In Last Trading Session, Bank Nifty closed at 25085. Bank Nifty near resistance is
at 25350 levels. Bank Nifty has corrected a bit and thereby bank nifty movement may be little different. We
would like to trade as per intra-day signal.
Last Recommendation Review
Scrip Name BSE Buy/ Enter Did High/ Remark
Code Sell at Low
Adani Ent 512599 Buy 144.1 170 Target Achieved
Bank of Baroda 532134 Buy 95.45 102.95 Target Achieved
Jet Airways 532617 Buy 190 234 Target Achieved
OBC 500315 Buy 63 68 Target Achieved
Reliance Capital 500111 Buy 257 275 Target Achieved
TV18 Broadcast 532800 Buy 35 40.95 Target Achieved
Infy 500209 Sell 716 673 Target Achieved
JSW Steel 500228 Sell 384 354 Target Achieved

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

SMART 21st Oct. 2018 to 27th Oct. 2018 19


INVESTMENT

TECHNICAL TALK Dhananjay Kadam


TECHNICAL ANALYST, M. 7588622374

Stock to buy for handsome


gains in this volatile market
KILTECH (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

SMART 21st Oct. 2018 to 27th Oct. 2018 20


INVESTMENT

Stock Buzz Subramanian Mahadevan


dolphincapital@gmail.com

Karur Vysya Bank Limited (Rs.77)


Robust Asset Quality!
Karur Vysya Bank (KVB) - is one of the mid-sized banks in the private sector space, operates
through a network of 790+ branches with more than 2,300 ATMs and cash recyclers. KVB's busi-
ness ~ 82% is concentrated in South India with about 73% of its branch footprint in Tamil Nadu and
Andhra Pradesh. As of Q1FY19 the total business stood at INR 1029bn. The bank is capitalized
with a total CAR of 14.4% (Basel III). Gross NPAs were reported at 6.56% with provision coverage
ratio (PCR) of 56.5%. The bank has a diversified loan book and it is working towards increasing
the share of its granular exposure through better adoption of technology. It is consciously bringing
down the average ticket size of its corporate as well as commercial banking exposure. Internal risk
management is being strengthened to improve the quality of the portfolio. The focus is clearly on
risk adjusted growth and it expects a near-term growth in the mid-teens.
The new CEO (ex- Citi banker) is focusing on new hires, technology implementation and risk
management to give the institution a more agile and modern look.Asset quality issues might linger
for a quarter or two, but the problem is nearing an end. Given that it is well capitalized, KVB can
strengthen its presence in the segments where PSU banks are giving up market share. The attrac-
tive valuation of 1.1 times FY19 book and 1.4 times FY20 adjusted book makes it an ideal candi-
date for accumulation with a potential to give atleast 50% returns in two years' time frame. Post
ongoing NBFC meltdown on the bourses, stock is ripe for accumulation for serious long tem inves-
tors.

Vodafone Idea Limited (Rs.37)


Consolidated Network!
Vodafone Idea Limited (Idea) - an Aditya Birla Group & Vodafone of UK owned company, post
significant consolidation in the last 10 years emerged as now India's third largest wireless operator
with a revenue market share of more than 25%. Idea is a leading GSM mobile services operator in
India with over 72 million subscribers under brand IDEA, operates in all the 22 telecom circles of
which 15 are classified as established service areas and 7 as new service areas. The company is
a pan India integrated GSM operator covering the entire telephony landscape of the country and
has NLD and ILD operations. Idea offers affordable and world-class mobile services to varied

Cont....
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 21


INVESTMENT

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

Nifty & Sensex Movement during the last week


NSE - Nifty Open High Low Close Diff
15-Oct-18 10524.2 10526.3 10410.15 10512.5 40
16-Oct-18 10550.15 10604.9 10525.3 10584.75 72.25
17-Oct-18 10688.7 10710.15 10436.45 10453.05 -131.7
18-Oct-18 Vijaya Dashami Holiday NA
19-Oct-18 10339.7 10380.1 10249.6 10303.55 -149.5
Net Weekly Loss -168.95
Sensex Open High Low Close Diff
15/10/2018 34,971.83 35,008.65 34,559.98 34,865.10 131.52
16/10/2018 35,004.33 35,215.79 34,913.06 35,162.48 297.38
17/10/2018 35,543.38 35,605.43 34,727.16 34,779.58 -382.90
18/10/2018 Vijaya Dashami Holiday NA
19/10/2018 34,563.29 34,563.29 34,140.32 34,315.63 -463.95
Net Weekly Loss -417.95
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 22


INVESTMENT

Smart Picks Rohan Nalawade - Expert in financial analysis (Mumbai )


E-mail ID : rohan.nalavade21@gmail.com

MARKET SHOWING WEAKNESS


Market is showing weakness at every rise due to bad news ,housing finance
company like DHFL,INDIABULLS even HDFC LTD are showing weakness and
also global factors like USA-CHINA trade wars and geopolitical news are affect-
ing whole global market crude is steady but then also equity market are showing
weakness, only GOLD commodity is rising slowly to upside as it is safe heaven
for investors.
NIFTY is showing weakness at higher levels due to bad news in housing
finance companies like DHFL HDFC LTD etc ,which affected NIFTY at higher
levels now market should move more down side NIFTY is weak below 10400
levels so unless it closes above 10400 no buying will be seen in market so any
rise at 10300-10350 levels NIFTY will show selling pressure will sustain for
10200-10100-10000 levels soon ,global market are also showing weakness due
to trade war between USA-CHINA, and also crude oil news are affecting global
economy so be cautious and trade in small quantity, bank nifty is showing
weakness below 25200 and can test 24700-24500 levels in near term ,only safe
heaven GOLD is rising towards 32000 and can test 34000-35000 in near term
,
so trade cautious and small quantity can accumulate tata motors BETWEEN
175-150 LEVELS and yes bank between 160-200 to make a portfolio for 6
months -12 month time frame

STOCKS TO WATCH OUT


SBIN IS WEAK BELOW 261 FOR 255-250 SL 268
L&T IS SELL BELOW 1205 FOR 1190-1180 SL 1220

Buy... Buy... Buy on Dips Hold Sell on High


HOEC 139.00 United Breweries 1187.00 ACC 1424.00
Cochin Ship 388.00
Titan 789.00 Piramal Enter. 1894.00
Vardhman Sp. Steel106.00 Dhampur Sugar 150.00
LUPIN 877.00 TVS Motors 516.00
Uttam Sugar 143.00 DCM Shriram 209.00 Hero Moto 2713.00
Future Consumer 42.00 EID Parry 200.00 Future Retail 497.00 PNB Hsg. 706.00
IDEA 36.00 Thangamayil 360.00 Info Edge 1502.00 IRB 120.00
Den Network 71.00 Rajesh Export 560.00 Natco Pharma 726.00 DHFL 211.00
TBZ 57.00 India Cement 90.00
Jet Air. 229.00 IndiGo 833.00
HDFC 1666.00
PC Jew. 56.00 Century Ply. 188.00 CYIENT 654.00 Tata Motors 175.00
Spice Jet 70.00 Coal India 275.00 Astral Poly 912.00 Maruti 6760.00
Rico Auto 69.00 Karnataka Bank 97.00 Mphasis 1069.00 Ultratech 3609.00
J & K Bank 42.00 Kansai Nerolack 416.00 Shree Cement 14561.00
Venkeys India 2425.00 Bajaj Auto 2510.00
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 23


INVESTMENT
A. K. Asnani
(M) 9893512098
Smart Verc (Bhopal)
Author of Book
Way to Billionaire

To win big in stock market……..


We all know very well that to earn big and consistent wealth in stock market one need to buy low
and sell high consistently. Concept is very simple but not easy to implement. Reason for failure to
do so is our emotions. When we need to sell we all become greedy and when it is time to sell, most
of us get gripped in fear. Thus we need to act exactly opposite to what most investors do. This
happens again and again and we keep assuring ourselves that next time we shall make it, but it
hardly happens!
So what change you need to bring so as to act correctly and that too every time!
FOCUS !
Yes it is the focus which needs to be changed. Greed and Fear are related to the profits we are
earning or losses we make with respect to buying PRICE of the stock. But once you change your
focus to VALUE the equation reverses and you start acting the way you need to. VALUE is the real
/ Intrinsic / true worth of the stock.
Once you change your focus from PRICE to VALUE-
- you will rejoice doom times. Investors would find the stocks attractive from valuations point of
view instead of fear of losing money, because the emphasis is now on Value rather than on Price.
You get tons of opportunities to grab stocks with high Value at low prices)
- you will rejoice boom times (your stocks will rock like anything and you will start selling stocks
whose share price far above the Value they deserve.)
- you will love uncertainty and volatility (it gives opportunities to buy low and sell high)
- You will start loving what other investors hate.
That is exactly the key to success in stock market.
Thus to win big in stock market year after year every time you need to change your focus from
PRICE to VALUE.
(Kindly forward your doubts and comments to smartasn@gmail.com)

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

SMART 21st Oct. 2018 to 27th Oct. 2018 24


INVESTMENT

Technical News : 22-10-2018 to 26-10-2018


Manu Consultants : Manishkumar - Kolkata
SEBI REG:- RESEARCH ANALYST- INH300002449
• NIFTY FUTURE
NIFTY FUT SUPPORT AT 10250-10000 AND RESISITANCE 10550-700
STRATEGY :- BUY BANK NIFTY ON DIPS TILL 24800 SL 24600 TA 25600-26200
• STOCKS F&O:-
BAJAJ FINSERVE (5450):- BUY BAJAJ FINSERVE ON DIPS TILL 5350 SL 5280 TA 5650-
5800
SRF (1735):- BUY SRF ON DIPS TILL 1730 SL 1700 TA 1800-40
ARVIND (325):- BUY ARVIND ON DIPS TILL 316 SL 310 TA 340-48
SBI (261):- BUY SBI ON DIPS TILL 255 SL 250 TA 228-74
All SL are Closing Basis
• SELL STOCKS
CAUTION NOW IN SHORTS
• DELIVERY STOCKS
BUY BAJAJ FINANCE SL CLOSING BASIS 2120 TA 2500-2600
EXPECTING MID CAPS AND SMALL CAPS OUT PERFORMANCE FROM NOV FIRST WEEK
AND A CAN BE A LONG LASTING OUTPERFORMANCE.
DISCLAIMER:- The Recommendations are based on technical analysis. There is a risk of loss
in trading.Please visit website www.dallalstreet.org for full disclaimer and disclosures.
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 25


INVESTMENT

Terrific Shots - Dilip K. Shah

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

SMART 21st Oct. 2018 to 27th Oct. 2018 26


INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com

It is advisable to abstain from


new buying in absence of sure signs
BSE Index (34315.63) :- It is moving downward from top of 38989.65. It shows overbought to neutral
position on daily basis, overbought position on weekly basis and overbought to neutral position on monthly
basis. On upward movement, beyond 34563 it may go up to 34728, 34974, 35345 with resisting level at
35065. On the downward movement, below 34115 selling spree may increase.
Nifty Future (10314.00) :- It is moving downward from top of 28408.80. It shows overbought to neutral
position on daily basis, oversold on weekly basis and overbought to neutral on monthly basis. On upward
movement, beyond 10389 it may go up to 10424, 10504, 10540, 10667, 10700 with resisting level at 10769.
On the downward movement, below 10246 it may get weaken below 10155.
Bank Nifty Future (25085.00) :- It shows downward movement from top of 28408.80. It shows over-
bought to neutral position on daily basis, oversold on weekly basis and overbought to neutral on monthly
basis. On upward movement, beyond 25245 it may go up to 25320, 25570, 25825, 25893, 26085 with
resisting level at 26150. On the downward movement, below 24860 and 24750 it may witness selling
spree.
Escorts (604.35) :- It shows rebounding spurt from top of 541. It shows overbought position on daily
basis, while oversold position on weekly and monthly basis. On upward movement, beyond 616 it may go
up to 641, 650, 666 and 690. On the downward movement, below 591 it may go down to 566 and 541.
JSW Steel (363.50) :- It shows downward movement from top of 427.55. It shows oversold position on
daily and weekly basis, while overbought to neutral position on monthly basis. On upward movement,
beyond 370 it may witness resisting level at 386. On the downward movement, below 352 it may go down
to 343, 327, 310, 302 and 293.
L&T (1206.05) :- It is moving downward from top of 1390. It shows oversold position on daily and
weekly basis, while overbought to towards neutral position on monthly basis. On upward movement, be-
yond 1240 it may witness resisting level at 1255. On the downward movement, below 1203 it may go down
to 1186, 1167, 1110 and 1055.
Maruti (6756.45) :- It shows downward movement from top of 9842.17. It shows oversold position on
daily, weekly and monthly basis. On upward movement, beyond 7060 it may go down to 7260 it may
witness resisting level at 7340 and beyond that it may go up to 7485, 7655 and 7850. On the downward
movement, below 6661 it may go down. Don't invest at any price at present.
Reliance Capital (240.00) :- It shows downward movement from top of 475.80. It shows overbought to
neutral position on daily basis, while oversold on weekly and monthly basis. On upward movement, be-
yond 275 it may witness resisting level at 292. On the downward movement, below 222 it may go down to
190, and 164. Don't invest in this stock at any price.
Disclosure : The Recommendations are based on technical analysis. There is a risk of loss in trading.

Golden quote :-
Allow yourself to be a beginner,
No one starts at the top
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 27


INVESTMENT

Dilip Davda
e-mail Expert’s Eye
dilip_davda@rediffmail.com

Global turmoil overshadow our markets too


The week turn negative
The week under report with four sessions turned negative and we marked second negative
week in a row. While market staged positive trades for first two session, it gave up the momentum
ahead of Vijaya Dashami Holiday and continued sliding on the last day too. With overall perfor-
mance, the week turned negative and indices closed below the sentimental barriers indicating
scope of further slide with high volatile drama amidst Q2 number season as we have derivatives
expiry on Thursday i.e. 25.10.18.
As can be seen from the table below, during the week, indices moved in the range of 10710.15-
10249.60 and 35605.43-34140.32 for NSE Nifty and S&P BSE Sensex respectively.
For the week, we witnessed net weekly Loss of -168.95 points for NSE Nifty and -417.95
points for S&P BSE Sensex.
Trading for the week started on a positive note as key equity indices finished higher in a volatile
trade on Monday. Sensex rose 131.52 points to close at 34,865.10. Nifty rose 40 points to end the
day at 10,512.50.
Benchmarks rose on Tuesday too as investors shifted their focus to September quarter earnings
season. Eased crude oil prices and an appreciation of rupee against the dollar also boosted sen-
timent. Sensex ended above the psychologically important 35,000 mark. Sensex rose 297.38 points
to end the day at 35,162.48. Nifty rose 72.25 points to close at 10,584.75.
Key equity benchmarks ended sharply lower on Wednesday following selling in auto and finan-
cial stocks putting pressure on bourses. Sensex ended below the psychologically important 35,000
mark. Sensex fell 382.90 points to close at 34,779.58. Nifty fell 131.70 points to end the day at
10,453.05.
Our stock market remained closed on Thursday, on account of Vijaya Dashami Holiday.
Indices dropped on Friday dragged by selling in index heavyweight Reliance Industries, HDFC
and Infosys. Negative global cues weighed on market sentiment. Sensex fell 463.95 points to end
the day at 34,315.63. Nifty fell 149.50 points to close at 10,303.55.
During the week IEX turned ex-split (10 for 1).
Ex-Split During the week dividend announcement came in from
IEX (10 for 1) Indbull Housing (500%), Trident (6%), CRISIL (700%),
Infosys (140%), Cyient (120%), MindTree (30%), ICICI Se-
Dividend announcement curities (74%) etc.
Indbull Housing (500%), Oriental Aroma has convened board meet on 26.10.18 to
Trident (6%), CRISIL (700%), consider bonus issue.
Infosys (140%), Dollar hovered around Rs. 73.35 a dollar) and Brent Crude
Cyient (120%), MindTree (30%), Oil remained firm around 80$ a barrel raising concern on
ICICI Securities (74%) etc.
fuel economy. Liquid global situation will dominate the world
markets sentiment in general. On going Q2 number season
Bonus Meet will keep markets in stock specific mode as usual. All eyes
will be now on derivatives expiry data to take lead for fresh
Oriental Aroma (26.10.18)
position.
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 28


INVESTMENT
Amidst such a scenario NSE Nifty and BSE Sensex may hover between 10600-9700 and 35550-
33150 respectively for the ensuing week.
DISCLAIMER : No financial information whatsoever published anywhere here should be con-
strued as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter
published here is purely for educational and information purposes only and under no circumstances
should be used for making investment decisions. Readers must consult a qualified financial advi-
sor prior to making any actual investment decisions, based on information published here. Any
reader taking decisions based on any information published here does so entirely at own risk.
Above information is based on the details available as on the date along with market perceptions.
Investors should bear in mind that any investments in stock markets are subject to unpredictable
market related risks. (THE AUTHOUR IS SEBI REGISTERED RESEARCH ANALYST)
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 29


INVESTMENT

Scrip Watch - Dilip K. Shah

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

SMART 21st Oct. 2018 to 27th Oct. 2018 30


INVESTMENT

Market Tips - Dilip K. Shah

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

SMART 21st Oct. 2018 to 27th Oct. 2018 31


INVESTMENT

SMART TIPS Smita N. Zaveri

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

SMART 21st Oct. 2018 to 27th Oct. 2018 32


INVESTMENT

Smart super duper - Dilip K. Shah

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

SMART 21st Oct. 2018 to 27th Oct. 2018 33


INVESTMENT

Investment Ideas telegram.me/rupeegains7

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

SMART 21st Oct. 2018 to 27th Oct. 2018 34


INVESTMENT

SUPERHOUSE LTD (523283 & NSE) (122.8) (Face Value Rs.10)


Superhouse Limited manufactures and sells finished leathers, leather goods, and textile gar-
ments in India. The company operates through Leather and Leather Products, and Textile Gar-
ments segments. It offers finished leather; men's, women's, children's, safety, and welted footwear;
and combat boots. The company also provides leather accessories, such as leather bags, busi-
ness cases, portfolios, trolley bags, belts and soles, etc.; leather garments, including ladies' short
jackets, men's jackets, motorcycle jackets, 3/4 jackets and vests, trousers, skirts, and camisoles,
as well as jackets/trousers with embroidery/crochet detailing; and breeches, riding boots, and riding
products. In addition, it offers woven and knitted garments, including ladies tops, tunics, evening
dresses, trousers, and jackets; and safety garments comprising coveralls, bib-trousers, trousers,
jackets, aprons, dust coats, chef coats, doctor coats, hi-visibility vests and jackets, army uniforms,
and fleece jackets, as well as socks and fall protection products. The company sells its products
primarily under the Allen Cooper and Double Duty brands. Superhouse Limited also exports its
products.
It has an equity base of just Rs.11.42crore that is supported by reserves of around Rs.283.33crore
& it has a share book value of Rs.263.36 per share & price to book value ratio stood at just 0.47.
The Promoters hold 54.88% while the investing public holds 45.12% stake in the company.
During FY18, its PAT zoomed 77.72% to Rs.17.63crore against Rs.9.92crore in FY17 on sales
of Rs.649.08crore fetching an EPS of Rs.16.07. Company has posted fantastic numbers for Q1FY19.
For Q1FY19, its PAT soared 122.44% to Rs.5.65crore from Rs.2.54crore in Q1FY18 on higher
sales of Rs.148.25crore fetching an EPS of Rs.5.21.
At CMP, SUPERHOUSE trades at PE ratio of just 6.5x earnings. Its 52 week high rate is
Rs.227.95 which was formed on 1st November 2017. Stock almost corrected 46% from 52 week
high. It has paid 10% dividend for FY18.
Everyone, whose financial advisor is allowing to trade in this stock for medium to long term can
watch with a stop loss of Rs.105.

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

SMART 21st Oct. 2018 to 27th Oct. 2018 35


INVESTMENT

MARKET TREND NIKHIL BHATT


(+919979380808)
WWW.INVESTMENTPOINT.IN

PERIOD : 22-10-2018 to 26-10-2018

Dear Traders…. For the Trading Period on 22.10.2018 TO 26.10.2018


NIFTY FO CLOSED @ 10314 AS ON 19.10.2018
NIFTY FO Range @ 10272 TO 10373 Point In Short Term…!!!
NIFTY FO has resistance at 10347 - 10373 Point; above which other resistance levels are at
10390 - 10404 Point with highly Volatile Trend, In Downside support levels are at 10288 - 10272
Point; below 10272 Point, other support levels are at 10247 - 10188 Point.
I am positive for next bullish trend only above @ 10373 Point but be with the trend. Let the
market decide further moves. As we are saying from many days Buying is suggested in falls only...and
it's still a better strategy in the given Scenario...!!!
Regarding Long term positions, it is preferable to remain cautious now...!! If NIFTY FO crosses
@ 10373 Point, again then the upper side target is quite high and it may touch @ 10404 Point in
short term...!!!
BANK NIFTY FO CLOSED @ 25085 AS ON 19.10.2018
BANK NIFTY FO Range @ 24888 TO 25250 Point In Short Term…!!!
BANK NIFTY FO has resistance at 25150 - 25250 Point; above which other resistance levels
are at 25303 - 25373 Point with highly Volatile Trend, In Downside support levels are at 24930 -
24888 Point; below 24888 Point, other support levels are at 24808 - 24730 Point.
I am positive for next bullish trend only above @ 25303 Point but be with the trend. Let the
market decide further moves. As we are saying from many days Buying is suggested in falls only...and
it's still a better strategy in the given Scenario...!!!
Regarding Long term positions, it is preferable to remain cautious now...!! If BANK NIFTY FO
crosses @ 25303 Point, again then the upper side target is quite high and it may touch @ 25373
Point in short term...!!
Golden Stocks For Trading For the date - 15.10.2018 to 19.10.2018
1. HDFC BANK (1970) : It is suggested to Buy @ Rs 1953 with SL of Rs 1940 for the target of
Rs 1988 - 2002; below Rs 1940 it can fall up to RS 1927 - 1919 levels. If it crosses Rs 2002 level
than expect nonstop rally up to Rs 2002....!!
2. KOTAK BANK (1195) : Trading point of view Buy @ Rs 1181 With SL of Rs 1173 for the
target of Rs 1212 - 1220 level below Rs 1173 It can show further downfall up to Rs 1160 …..!!!
3. AJANTA PHARMA (1002) : Buy @ Rs 988 levels considering minor support of Rs 977 and
stop loss of Rs 970 for an upper target of Rs 1017 - 1023 levels. Below Rs 970 it can slip up to RS
963 - 957 levels…!!!
4. SUN PHARMA (609) : Buy @ Rs 597 levels considering minor support of Rs 593 and stop
loss of Rs 588 for an upper target of Rs 617 - 626 levels. Below Rs 588 it can slip up to RS 584 -
580 levels…!!!
5. BPCL (283) : Buy @ Rs 273 levels considering minor support of Rs 267 and stop loss of Rs
263 for an upper target of Rs 290 - 296 levels. Below Rs 263 it can slip up to RS 260 - 257 lev-
els…!!!
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 36


INVESTMENT
6. NIIT LTD (71) : Delivery base Buy @ Rs 67 of this stock near @ Rs 64 with SL of Rs 60 for the
target of Rs 76 - 80 level. It is very good for medium term position also…!!!
7. DCM LTD (75) : This stock is looking very good to Buy @ Rs 63 with SL of Rs 60 for the target
of Rs 81 - 88 Levels below Rs 60 is stock shall witness free fall…!!!
8. ACC LTD (1417) : It is suggested to Sell with SL Rs 1440 for the target of Rs 1404 - 1390
below @ Rs 1390 it can slip up to Rs 1383 - 1377 level. Above Rs 1440 level will take the stock to
Rs 1451 - 1460…!!!
9. DIVIS LAB (1278) : It is suggested to Sell @ Rs 1291 with SL of Rs 1303 for the target of Rs
1263 - 1255 ; below Rs 1255 it can fall up to RS 1247 - 1240 levels. If it crosses Rs 1303 level than
expect nonstop rally up to Rs 1313....!!
10. ASIAN PAINT (1233) : It is suggested to Sell with SL Rs 1251 for the target of Rs 1217 -
1207 below @ Rs 1207 it can slip up to Rs 1200 - 1193 level. Above Rs 1051 level will take the
stock to Rs 1061 - 1070..!!!
11. LUPIN LTD (875) : It is suggested to Sell @ Rs 888 with SL of Rs 893 for the target of Rs
861 - 857 below Rs 857 it can fall up to RS 850 - 844 levels. If it crosses Rs 893 level than expect
nonstop rally up to Rs 903....!!
Note: - Before Act Please refer Terms & conditions, Disclaimer on www.nikhilbhatt.in

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Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 37


INVESTMENT

Primary Market - Dilip K. Shah

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

Non Convertible Debenture (NCD) Issues at a Glance


Sr Company Issue Open Bond size F.Value Min. Listing Rating Recomm.
Issue Close (Rs. Cr.) (Rs.) App.
1. Shriram 15-10-2018 Rs. 300 Cr. 1,000/- 10 NCDs BSE CRISIL AA+/Stable
Transport 29-10-2018 Base Size of Rs. 300Cr. (Rs.10,000) NSE and
APPLY
Finance withan option to Retain Lead manager : IND AA+ :
Corporation Oversubscription upto 1050 Cr. Axis Bank, A.K. Capital, Edelweiss Outlook Stable
Aggregating upto Rs.1350 Cr. JM Fin. and Trust Investment Adv.
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 38


INVESTMENT

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

Listing Information of BSE & NSE SME IPOs


Co. Name BSE Listing Offer Listing Listing Listing Listing CMP
Code Date Price Price Day Day Day
(Rs.) (Rs.) High Low Close19-10-18
B&B Triplewall Cont. NSE SME 15-10-2018 36.00 37.80 39.50 36.20 39.50 38.50
Sun Retail (BSE SME) 542025 16-10-2018 23.00 36.00 37.80 36.00 37.80 36.10
S M Gold (BSE SME) 542034 19-10-2018 30 30.60 30.60 30.20 30.50 30.50

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

SMART 21st Oct. 2018 to 27th Oct. 2018 39


INVESTMENT

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

SMART 21st Oct. 2018 to 27th Oct. 2018 40


INVESTMENT

Smart Best Buy S. N. Zaveri

M&M : Market leader in Utility Vehicles


CESC up on approval for demerger
Eicher Motor will ride on Royal Enfield
ACC : profit up, volume up, prospects better
Bandhan Bank : Strong Q2 numbers makes it attractive

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

SMART 21st Oct. 2018 to 27th Oct. 2018 41


INVESTMENT
pared with Rs 1.78 billion a year earlier. Analysts on average had expected a standalone profit of
Rs 2.34 billion. Cement sales volume grew 10 per cent to 6.55 million tonnes (MT) in the quarter,
while expenses rose 9.8 per cent.Quarterly sales of the company, which is a unit of the world's
largest cement maker, LafargeHolcim Ltd, grew 10 per cent to Rs 33.64 billion.The company grew
cement sales volumes by 10% during the quarter spurred by higher demand.The company's Ready
Mix concrete sales volumes grew 12% driven by an increase in the sale of value added products
and the addition of 8 new plants across the country. Demand drivers including growth in affordable
and rural housing segments as well as infrastructure projects will remain healthy. Invest.
Bandhan Bank (Rs. 417.00) (Code : 541153) (F. V. : 10.00) :- Private sector
lender Bandhan Bank has reported a healthy 47.4 percent growth in profit of July-September quar-
ter compared to a year-ago, driven by strong NII and operating income, and stable asset quality.Profit
increased to Rs 488 crore from Rs 331 crore. Net interest income shot up 55.6 percent year-on-
year to Rs 1,078 crore. NIM stood at 10.3 percent, which improved by 100 basis points from 9.3
percent. Advances increased by 50.9 percent year-on-year to Rs 33,373 crore while deposits growth
was 29.6 percent to Rs 32,959 crore. CASA grew 69.8 percent YoY at Rs 12,176 crore compared
to Rs 7,170 crore. Meanwhile, promoters' stake in the bank stood at 82.28 percent as of June 2018,
which has to be reduced to 75 percent over a period of time so that public shareholding would be
25 percent as per minimum public shareholding norm by SEBI.The stock has good potential on
upside. Buy.

(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 o All disputes are subject to Ahmedabad jurisdictioner

BUY.... BUY....BUY TIPS OF THE WEEK


Co. Name Code Price Co. Name Code Price
Sunflag Iron 500404 57.00 Jindal Stainless 532508 55.00
Trident 521064 63.00 M&M 500520 741.00
S.I. Bank 532218 14.00 Delta Corp. 532848 224.00
Balrampur Chini 500038 97.00 Oriental Aro. 500078 925.00
Marksans Ph. 524404 29.00 God. Consumer 532424 738.00
JSPL 532286 166.00 Relaxo Foot 530517 717.00
Power Grid 532898 189.00 Tata Sponge 513010 813.00
JSW Steel 500228 363.00 Colgate 500830 1098.00
Time Techno 532856 119.00 CESC 500084 906.00
ITC 500875 288.00 Havells India 517354 597.00
Gabriel 505714 134.00 HUL 500696 1579.00
Meghmani Org. 532865 76.00 Dr. Lal Path 539524 928.00
Himadri Sp. 500184 124.00 Britannia 500825 5557.00
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 42


INVESTMENT

Dalal Street Whispers - Dilip K. Shah

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

SMART 21st Oct. 2018 to 27th Oct. 2018 43


INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
stockmarket@ganeshaspeaks.com

Sensex Predictions : Dt. 22nd Oct. to 26th Oct.


" Please consider 10 minutes plus and minus in each prediction, and act accordingly. " Ganesha advises
you to compare every prediction with the prediction of the previous time slot. "
22-10-2018 Monday :- " Today, till 10:20 Nifty will be down in a fixed range. " Between 10:20 and 14:40,
Nifty will do jobbing in the uptrend. " From 14:40 to 15:30, Nifty will be in soft side.
23-10-2018 Tuesday :- " Sun is in its lowly sign. Thus, there may be an increase gold price fluctuation. "
From 9:15 to 10:15, Nifty will be in the negative zone. " Between 10:15 and 13:00, Nifty will be positive. "
From 13:00 to 14:30. Nifty will try to be in positive but there won't be much movement. " In the last one hour,
Nifty will be good for profit booking.
24-10-2018 Wednesday :- " Today, there will be confusion in the market till 9:22:27. Let the market
stabilise till 10:20. " Go for delivery based intra-day profit loss. " Buy Nifty around 10:10 and exit around
12:44. " Around 12:50 sell Nifty, exit around 15:05.
25-10-2018 Thursday :- " Today there will be a good proportion between liquid cash and volume in the
market. " From 9:15 to 9:30, opening will be around the surface. " Between 9:30 and 10:30, Nifty will be
down. " From 10:30 to 12:12, Nifty will be slight up. " From 12:12 to 12:56, the larger view of Nifty will be
positive. " Between 12:56 to 14:27, Nifty will be slight up and into jobbing. " From 14:27 to 15:30, Nifty will go
down step by step.
26-10-2018 Friday :- " Ganesha foresees it as a perfect day for intra-day. " In the coming days, Mercury
is changing its sign. Thus, you will see more volatility in Bank Nifty. " From 9:15 to 9:54, Nifty will be down. "
From 9:54 to 10:59, Nifty will be positive. " Between 10:59 and 12:04, Nifty won't see much movement. "
From 12:04 to 12:30, Nifty will jump in the positive. " Between 12:30 and 14:14, not much movement is seen
in the market. But you can go for upside jobbing. " From14:14 to 15:30, not much movement is seen in Nifty.
The reason is Nifty will be impacted negatively by the Asian markets.

Sensex-Nifty is at life highs


But Your portfolio is still down by 30-50% ???
You want to reshuffle
your loss making stocks into profitable ones ?
For register whatsApp - Your name,
Mobile number, City on

7744804098
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 44


INVESTMENT
News Track
DQE’s Jungle Book swings to USA on
Sinclair Network’s KidsClick Channel
DQE, the global entertainment production and
distribution company, has announced new broad-
cast and licensing agreements for its globally popu-
lar property The Jungle Book that will see the
Mowgli and his Jungle Friends swing into the
American market by launching in Sinclair Broad-
cast Group’s children's Channel KidsClick this
year.
The highly successful and much loved animated
series produced by DQ Entertainment will air on
KidsClick channel soon. Sinclair Broadcast Group,
one of the largest and most diversified television
broadcasting organisation in The US owns and op-
erates 192 Television Stations and 611 Channels
all across USA. Kidsclick – their children’s chan-
nel that has a reach in over 75 million households
will be broadcasting all the three seasons of the
Jungle Book series.
The globally successful flagship IP the Jungle
Book has now gone into production of season 3
after the huge global success it witnessed for its
first two seasons. The series co-produced / ac-
quired by major global kids broadcasters such as
ZDF Germany, DeA Kids-Italy, TF1-France,Canal+
France, Telequbec and TVO-Canada, JCCTV-
Middle East , Nickelodeon-India to name a few
was broadcasted in over 160 countries worldwide.
Tapaas Chakravarti, CEO & MD DQE Group
said, “We are excited to partner with Kidsclick
Channel for USA. We are sure Kids in USA will
love watching Mowgli and his friends in their
favourite kids channel.”
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 45


INVESTMENT

REVIEW OF “SMART PLUS NEWS LETTER”


Amazing 19% RETURN SMART GAIN
FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
15-10-2018 High (%) 15-10-2018 High (%)
IRCON 366 391 6.83 Hind. Alu. 94 101 7.45
Tata Sponge 838 894 6.68 LUPIN 845 910 7.69
V-Mart 2035 2201 8.16 Karuru Vysya Bank 75 79 5.33
Escorts 601 649 7.99 BOB 96 102 6.25
BATA 940 954 1.49 Reliance Capital 262 277 5.73
Bajaj Fin. 2287 2365 3.41 Aurobindo Ph. 735 784 6.67
Raymond 662 695 4.98 Aditya Birla Fashion185 201 8.65
CIPLa 622 651 4.66 Globus Spirit 148 171 15.54
Bandhan Bank 468 486 3.85 Amal Ltd. 147 164 11.56
Voltas 509 522 2.55 DCB 162 173 6.79
Panasonic Carbon 419 495 18.14 Exide Ind. 256 267 4.3
Zee Enter 466 479 2.79 Shreyansh Ind. 160 178 11.25
HDFC St. Life 372 384 3.23 ARVIND 329 339 3.04
Relaxo Footwear 679 735 8.25 Hinduja Global 647 696 7.57
HUL 1568 1594 1.66 Jet Air. 200 223 11.5
Eicher Motors 23903 24176 1.14 Adani Power 32 36 12.5
Suven Life 258 272 5.43 Patel Integrated 37 41 10.81
Ashok Leyland 115 123 6.96 MRPL 83 91 9.64
NOCIL 145 160 10.34 PFC 78 83 6.41
Apollo Tyre 217 225 3.69 Spice Jet 72 74 2.78
Torrent Power 236 249 5.51 Vodafone - Idea 35 38 8.57
Adani Enter. 143 163 13.99 Karnataka Bank 98 107 9.18
CanFin Homes 243 259 6.58 L & T Finance Holding133 136 2.26

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Financial Weekly

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Editor : Dilip K. Shah

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Disclaimer :- Investment recommendations made in Smart Investment are for information
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completeness are not guaranteed. Smart Investment or the analyst / writer do not accept any
liability for the use of this column for the buying or selling of securities. Readers of this column who
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featured herein
Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 48


INVESTMENT

D(en)O(f)W(ealth)
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Financial Weekly

SMART 21st Oct. 2018 to 27th Oct. 2018 49


INVESTMENT

Grand Success Story of


D(en)O(f)W(ealth) : Dow Scheme
Date Stock Reco. Target Achieved Return Date Stock Reco. Target Achieved Return
Rate (Rs.) Rate (%)
29th April-15 J M FIN 47.5 60-90 191.6 303% Rate (Rs.) Rate (%)
29th April-16 WALCHAND PEOPLE 106 145 212 100%
5th May-15 VIPPY SPINPRO 20 25-31 61.4 207%
3rd May-16 IOL CHEM 103 150- 250 156 51%
8th May-15 CONART ENG 22 30-32 64.4 193%
5th May-16 INDIG O 1075 1200 1347 25%
15th May-15 MANALI PETRO 16.5 21-30 49.4 199%
6th May-16 PPAP AUTO 144 175- 200 454 215%
22nd May-15 SUZL ON 25 32-45 28 12%
13th May-16 HP COTTON 53 75 58 9%
26th May-15 GOLDIAM INT 28 38 99.7 256%
16th May-16 GANDHI SPE TUBE 235 300 375 60%
28th May-15 PONDY OXIDE 75 82 779 939% 16th May-16 BAJAJ ELE 233 265 428.5 84%
9th June-15 INDUS BANK 810 880 1804 123% 19th May-16 ITD CEMENT 127 175 194 53%
18th June-15 KEI IND 63 90 372 490% 19th May-16 ASM TECHNO 195 220 203 4%
18th June-15 VRL LOGI 305 335- 350 479 57% 27th May-16 KUSHAL TRADE 145 175- 225 611.1 321%
18th June-15 KALPATARU POWER 241 270 405 68% 3rd June-16 J M FIN 47 56-59-65 191.6 308%
18th June-15 SUPRAJIT ENG 128 150 338 164% 9th June-16 BAJAJ ELE 232 300 428.5 85%
26th June-15 IBULLS HOUSING 620 675- 900 1374 122% 20th June-16 GAEL 58 75-85 185 219%
2nd July-15 MRPL 76.5 85-105 143.55 88% 24th June-16 IOL CHEM 136 175- 275 156 15%
13th July-15 FSL 33.25 40-55 54 62% 1st July 16 IL&FS TRANS 78.5 95-105 124.8 59%
14th July-15 JAIN IRRIGATION 75 95-125 120 60% 7th Junly 16 NE TWORK18 45.5 64-71 59.3 30%
28th July-15 BAJAJ FINANCE 222 275 1985.9 795% 15th July 16 SARDA ENERGY 141 180- 200 518.4 268%
31st July-15 JINDAL SAW 78 95-125 128.3 64% 22nd July 16 AARTI IND 553 620- 625 1040 88%
3rd Aug-15 HFCL 15 20-35 35.95 140% 28th July 16 MAGMA FIN 106 135- 140 189.85 79%
5th Aug-15 SUBE X 16.5 18.5- 22 18.35 11% 3rd Aug 16 GARWARE WALL 453 535- 540 994 119%

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

SMART 21st Oct. 2018 to 27th Oct. 2018 50


INVESTMENT

(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

SMART 21st Oct. 2018 to 27th Oct. 2018 51


INVESTMENT

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