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45
GAMC No. :1703/2015-17. Issued by SSP Ahd. Valid up to 31-12-2017

VOL : 10 Issue No: 3 RNI No : GUJENG / 2008 / 24320 5th March 2017 to 11rd March 2017

FII Activity (Rs. Cr.)

Date Buy Value Sell Value Net Value
27-2-2017 5176.44 5321.99 -145.55
28-2-2017 9291.31 8145.11 1146.23
1-3-2017 5205.38 5403.65 -198.27
2-3-2017 4985.13 4862.19 122.94
3-3-2017 5269.58 3740.1 1529.48
Total 29927.84 27473.04 2454.83
FII Activity (Rs. Cr.)

27-2-2017 3684.94 3421.15 263.79
28-2-2017 3843.93 3575.59 268.34
1-3-2017 3061.44 2807.23 254.21
2-3-2017 3034.36 3117.57 -83.21
3-3-2017 2282.05 3019.05 -737
Total 15906.72 15940.59 -33.87
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SMART
INVESTMENT
5th March 2017 to 11th March 2017 3
- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789
Nifty Overview : In Last Trading Session, Nifty closed at 8930. Last week we suggested that Nifty may touch 9000
and it indeed did. Nifty Will remain in positive zone until it breaches 8820 on closing basis. If Nifty sustains current
levels and dont even go below 8950 then chances are it may touch 9000 again and if it does we can see extended rally
till 9150+.
Bank Nifty Overview : In Last Trading Session, Bank Nifty closed at 20605. Bank Nifty is exactly on support levels
and the next closest support is 20300. If Market supports and Nifty rallies, expect Bank Nifty to touch 20900/21300
levels.
Last Recommendation Review

Scrip Name BSE Buy/ Enter Did High/ Remark
Code Sell at Low
Sun Pharma 524715 Buy 673 703 Target Achieved
Wockhard Pharma532300 Buy 711 777 Target Achieved
Jindal Steel 532286 Buy 115 129.75 Target Achieved
Crompton 500093 Buy 67.6 70.8 Target Achieved
Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Bank India 532149 126 115/125 145 165 105
Crompton 500093 68 65/67 70 77 60
GAIL 532155 516 490/515 530/550 575 480
HCL Tech 532281 853 840/855 875 890 830
Jindal Steel (Positional Buy)532286 128 110/128 150 175 100
KSCL 532899 468 445/460 480 510 435
Wockhard Pharma 532300 725 700/715 740 770 690
Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Biocon 532523 1080 1120/1135 1090 1060 1155
IGL 532514 1045 1060/1070 1045 1020 1090
IOC 530965 378 400/405 392 385 415
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
SMART
INVESTMENT
SMART
INVESTMENT
SMART BUY OF THE WEEK
Last week, we had recommended
ARCHIDPLY INDUSTRIES @ Rs.69, within
just 2 days it zoomed to Rs.78.40 levels &
recorded almost 13.62% appreciation.
Dark Horse
VLS FINANCE LTD

(511333& NSE) (60.25) (FV.10)
VLS Finance Ltd., the flagship company of VLS Group with a strong net worth, and has carved
for itself an enviable niche in the fiercely competitive financial sector in India.
VLS Group is a multi-faceted multi-divisional integrated financial services group with major pres-
ence in almost all areas of financial services such as Asset Management, Strategic Private Equity
Investments, Arbitrage and more particularly in:
" Investment Banking
" Structured Finance
" Corporate Consulting & Advisory Services
" Stock Broking
" Privatization & Infrastructure Finance
" Proprietary Investments & Equity Research
Clients of VLS Finance :- CNBC, RELAXO FOOTWEAR, APOLLO HOSPITAL, ANSAL API,
KOTHARI PRODUCTS, FLEX GROUP, GATI, LIBERTY, ANSAL BUIDWELL, DABUR, TRANS-
PORT CORPORATION OF INDIA, SELAN EXPLORATION, LAKHANI SHOES, MIRZA INTER,
PANACEA BIO, CEAT, DISHMAN PHARMA, ACCELYA KALE etc.
Stock is available at very cheap price, it's worth is many times more
Company has huge land holding in Mumbai, hotel in Connaught place Delhi. The company had
investments in Sunair Hotels, which is a Delhi metropolitan hotel, which is roughly worth
Rs.800crore.There is a pending litigation on the company with Gupta brothers. Many wise people
are feeling that the case should be in favour of the VLS FINANCE group and then this stock can be
a multi-bagger because if one can see the entire aspect Rs.800crore of worth where the company
would be holding approximately 87% after the case hearing is closed. That will mean that the
value of the stock itself would be around Rs.600crore.
SMART
INVESTMENT
Company is holding shares in many good companies which are performing very well quarter on
quarter and is also reflected in their stock price. Market value of their quoted investments shall be
close to Rs.850crores whereas market cap of VLS Finance is only Rs.235crore.They own close to
12% shares of Relaxo Footwear, 2.01% in Accelya Kale, 2.44% in Technoshaft, 2.5% in Surya
Roshni, 1.7% in Ambika Cotton, and around 1 lac shares in HCL Tech.
Company is virtually debt free and is cash rich as it has recently sold shares worth Rs.75crores
of Relaxo Footwear brought down its holding in Relaxo Footwear from 13.5 % to 12%.Promoter`s
stake has increased as it was 38% in march 2013 and now it is 44.88%.
Stock is looking highly undervalued at current levels therefore big HNI's and investors are eye-
ing on this stock. Some reliable sources say, Promoters also looking for a buy back. In-short stock
is looking hot for investment purpose. One can buy this stock with stop loss of Rs.52. On the upper
side stock should go up to Rs.80/85 levels in short span of time. Its all-time high rate was around
Rs.700+.
MCX Commodity
or
Equity Nifty Option Future Intraday Tips
Pay 6 Months Rs. 3535/-
Pay 12 Months Rs. 5151/-
097240 34979
070965 10606
090330 34939
www.krivastock.com
SMART
INVESTMENT
Subramanian Mahadevan
Stock Buzz dolphincapital@gmail.com
Varun Beverages Limited (Rs.375) : Empty Bottles!

Varun Beverages Limited (VBL) -is the largest franchisee of PepsiCo in the world, excluding
USA. It manufactures and distributes PepsiCo products that includes Carbonated Soft Drinks (CSD),
Non-Carbonated Beverages (NCB) and Packaged Drinking Water. Some of the key brands manu-
factured and distributed by VBL include Pepsi, 7 Up, Mirinda, Mountain Dew, Tropicana and
Aquafina among others. The company has been associated with PepsiCo since 1990 and now
enjoys manufacturing and distribution rights in 17 states and 2 Union Territories (UTs) that covers
North & North-East India including franchisee rights in international geographies i.e. Sri-Lanka,
Nepal, Morocco, Mozambique and Zambia.VBL very recently (October 2016) came out with an
IPO issuing a share at Rs. 445/piece and collected around Rs.1100 crore towards prepayment or
scheduled repayment of a portion of the loan and for general corporate purposes. The company
posted losses to the tune of Rs.90.61crore in Q3FY16 post IPO and its franchisee business is
seasonal in nature wherein VBL will have a significant jump in earnings only during summer times
- Q4 and Q1. Additionally it lacks pricing power unlike other franchisee like Page Industries and
carbonated soft drinks which form 80 per cent of the company's revenues in general witnessing a
slowdown amid rising consumer preference for healthier drinks and juices. Even after recent cor-
rection, stock trades at an unjustifiable premium to the FMCG sector with weak fundamentals. We
won't be surprised if the share price falls below Rs.200 if the broader market corrects say 7 to 10%
from here for some reason. Book Profits and exit immediately.
Idea Cellular Limited (Rs.74):Unclear Signal!

Idea Cellular Limited (Idea) - an Aditya Birla Group company, is India's third largest wireless
operator with a revenue market share of around 17%. Idea is a leading GSM mobile services op-
erator 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 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. Videocon Telecommunications sold its spectrum 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 service areas of South
India. Reliance Jio's massive investment of $20-25 billion and unprecedented offering of free voice
and data pushed Vodafone India and Idea Cellular to plan merging their operations to combine
spectrum assets, strengthen balance sheets, and reduce cost and capex to compete effectively.
Competion is intensifying heavily in the sector resulting in higher capex to gain market share and
accelerated consolidation among existing players unlikely to return the pricing power anytime soon.
Unexpectedly Idea posted Rs.448 crore loss in Q3FY17 first time since IPO (Feb 2007) amidst
shrinking margins and better data growth. Stock has given more than 60% returns (that too a large
market cap company)in short-span of time since our recommendation in mid of October 216, better
book profits and exits immediately.
SMART
INVESTMENT
Smart Picks Rohan Nalawade - Expert in financial analysis (Mumbai )
E-mail ID : rohan.nalavade21@gmail.com
Nifty is in crucial range (8860-8939)

We had rightly stated in our earlier edition buy on dips nifty at 8860 for 9000,and we also
stated the range of nifty will be 8800-9000 levels and we did see 8860 taking major support
twice in this week and higher range 9000 was tested so both these levels were seen impor-
tant as per w.d.gann price cycle, and now what? 8800-8930 very important levels once either
side breach if 8800 breaches 8720-40 will be tested ,and above 8939 9100-9200 will be tested
every dip buying opportunity will be entered for new high in 9800-10400.2017 will be bull year
metals and bank will lead the rally.
Monday very important time date as per gann time cycle. :- Last week nifty close was
8939 And before that week was 8821 So weekly close suggest nifty will rise abv 8939 And
selling only below 8821 levels
Bank nifty :- Bank nifty also having good support at 20463 And above 20600 will fire for
20900 levels Below 20400 exit bankifty long ,and can generate short positions
Important events :- March 4-5 GST meet Likely to be positive , and to be presented in
Parliament session after 11 march U.P elections _exit poll results will be out next week,and
counting results in 11 march Saturday
Stocks to watch :-
Hindalco we had upside view from182 looking good for 210-225 levels
Wipro we had upside view from488 looking good for 510 levels
SBI looks good for long term at 262-268 For upside 290-300 levels
Sintex looks good above 95 for 110 levels
Infosys we had upside view from900 now 1030 Looking good 1100 levels
Disclaimer : the view written is purely for educational purpose .

SMART
INVESTMENT
Technical News : 6-3-2017 to 10-3-2017
Manu Consultants : Manishkumar - Kolkata
SEBI REG:- RESEARCH ANALYST- INH300002449
NIFTY FUTURE
NIFTY FUT SUPPORT AT 8820-8740 AND RESISITANCE 9000-9120
STRATEGY :- BUY NIFTY ON DIPS TILL 8840 SL 8740 TA 9120-9200
STOCKS F&O:-
SUN TV (728) :- BUY SUN TV DIPS TILL 710 SL 700 TA 745-65
ADANI ENT (95) :- BUY ADANI ENT ON DIPS TILL 92 SL 90 TA 100-04
ENG INDIA (148) :- BUY ENG INDIA ON DIPS TILL 144 SL 141 TA 156-60
BHARAT FIN (818) :- BUY BHARAT FIN ON DIPS TILL 800 SL 788 TA 840-65
CESC ( 825) :- BUY CESC ON DIPS TILL 810 SL 800 TA 845-65
SELL STOCKS
SELL UPL ON RISE TILL 716 SL 724 TA 680-65
SELL AMARA RAJA ON RISE TILL 870 SL 884 TA 830-800
DELIVERY STOCKS
BUY JENSON NICHOLSON SL 8 TA 20
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.
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
Panama Petro 524820 147.00 Sanofi (I) 500674 4300.00
Vikas Eco 530961 21.00 Indian Hume 504741 387.00
Kopran 524280 72.00 Tata Comm. 500483 744.00
Atlanta 532759 82.00 Divis Labs. 532488 757.00
Marksans Ph. 524404 49.00 Apollo Tyres 500877 183.00
Jindal Steel 532286 126.00 Dalmia Bharat 533309 1870.00
DCB 532772 155.00 Supreme Ind. 509930 994.00
India Home 530979 103.00 Cummins (I) 500480 878.00
Artson Engg. 522134 47.00 OFSS 532466 3727.00
Arvind 500101 387.00 Jubilant Food 533155 1054.00
Moth. Sumi 517334 354.00 Unichem Lab. 506690 257.00
Take Sol. 532890 141.00 Castrol 500870 407.00
Escorts 500495 487.00 Jagran Prak. 532705 190.00
SMART
INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
jatinsanghavi100@yahoo.com
MINOR PAUSE @ 9000

NIFTY FAILS TO CLOSE ABOVE 8968
The market continues to display strength even after rallying for more than 1000 Nifty points in
just two months. This week the rally continued and the Nifty was within kissing distance of 9000
but Nifty made a weekly high of 8992 before giving away the gains and dropping lower. As the
current rally has not seen any major corrections and a failure to close above the critical breakout
levels of Sensex 29077 and Nifty 8968, one can expect a small Retracement towards the support
of Nifty 8804-8783 and then a possible continuation of the upward journey which will target life
time highs.
Technically Speaking :- Sensex opened the week at 28910, made a high of 29145, low of
28716 and closed the week at 28832. Thus it closed the week with a loss of 60 points. At the same
time the Nifty opened the week at 8943, made a high of 8992, low of 8860 and closed the week at
8897. Thus the Nifty closed the week with a loss of 42 points.
On the daily charts, both the indices have formed a neutral formation; Sensex has formed a Doji
whereas Nifty has formed a small white body candle. On the weekly charts, both Sensex and Nifty
have formed a small black body Spinning Top which is a neutral formation. Thus daily as well as
weekly formations are neutral.
Both the indices crossed the critical level of Sensex 29077 and Nifty 8968 in intraday trading but
could not close above these important levels. A big bullish pattern Breakout will be confirmed only
when both the indices are able to close above these critical breakout levels. A weekly close above
these levels can take the indices higher by at least 10% in the medium term timeframe and thereby
easily surpass lifetime high levels.
This week both the indices have returned after testing the critical levels of Sensex 29077 and
Nifty 8968. A failure to close above these levels will push the indices down to the support levels of
Bullish Gap between Sensex 28410-28327 and Nifty 8804-8783.
Since both the indices are trading over the critical 61.8% Retracement level of Sensex 27994
This Weeks Recommendations

Rec. Name CMP SL TGT-1 TGT-2
Buy HeroMoto 3272 3217 3355 3443
Buy JubFood 1056 1034 1089 1123
Buy HUL 877 856 909 942
Buy Hindalco 198 193 206 215
Buy BheL 158 154 164 171
:::: INDEX LEVELS ::::

S3 S2 S1 Close R1 R2 R3
NIFTY 8614 8715 8800 8897 8996 9119 9227
SENSEX 27743 28102 28410 28832 29145 29522 29844
SMART
INVESTMENT
and Nifty 8558, the long term uptrend has resumed and the indices can be expected to target the
previous top.
Both the indices had completed a Bullish Flag pattern which is a Bullish Continuation pattern.
The target as per this pattern falls at Sensex 28997-29165 and 9017-9029 for the Nifty. The above
targets are likely to be achieved as long as Sensex remains above 27590 and Nifty above 8537.
MACD has given a fresh Sell signal despite being in positive terrain. Price ROC is positive and
continues in Buy mode. RSI (64) suggests bullish momentum. Stochastic Oscillator %K (72) is
above %D which is indicating a Buy. ADX is at 39 which suggest that the Uptrend is very strong.
Directional Indicators continue in Buy mode as +DI remains above -DI. MFI (51) suggests Positive
Money Flow. OBV continues in Buy mode and continues to make higher top, higher bottom forma-
tion. Bollinger Band continues in Buy mode. Thus majority of Price and Momentum Oscillators are
indicating bullishness in the near term.
This week, both the indices continued to remain above the short term average of 20dma (Sensex
- 28548 and Nifty - 8837), medium term average of 50dma (Sensex - 27621 and Nifty - 8530) and
even the long term average of 200dma (Sensex - 27422 and Nifty - 8450). Thus the trend in the
short term, medium term and even the long term timeframe continues to remain upwards.
Options data for March series indicate highest Call Open Interest build-up at the strike of 9000
and highest Put build-up has shifted higher at 8800. Thus Options data suggests a narrow trading
range with resistance coming in at 9000 and support at 8800.
SMART
INVESTMENT
Terrific Shots - Dilip K. Shah
Dalmia Bharat (Rs1870.00) (Code:533309) :- It is one of the leading cement manu-

facturers of the country. It owns two plants at Tamil Nadu and one pant at Andhra Pradesh. Its
installed manufacturing capacity is 9 million ton. It also owns 45.4% stake in OCL India. It has
strong presence in Eastern parts of India. As against equity of Rs17.76 crore, the company has
reserves of Rs3835.80 crore. In December quarter, the company's income increased from Rs1473.69
crore to Rs1739.30 crore, while profit increased from Rs15.57 crore to Rs35.69 crore. The govern-
ment mulls to implement big infrastructure projects in North-East which may benefit the company.
The stock is good option for investment on downward movement.
Motherson Sumi (Rs.354.00) (Code:517334) :- The biggest auto ancillary manu-
facturer of the country supplies electrical distribution systems, polymer products and complete mod-
ule systems. It is the biggest EDS supplier to Indian automotive sector and its clients include Walks
wagon, Hyundai, Maruti Suzuki, BMW, Renault, Nissan, Ford, Mercedes Benz, General Motors,
Volvo, M&M and Toyota. It has issued bonus shares seven times since 1997 apart from giving
regular dividends. In the first nine months of FY2017, the company's income has increased from
Rs27361.40 crore to Rs31191.36 crore, while profit has increased from Rs1186.47 crore to
Rs1466.53 crore with EPS of Rs7.97. It may bottom out quickly.
Minda Industries (Rs.430.00) (Code:532539) :- The promoters hold 74.02% and
public hold 25.98% stake in the company. The promoters have increased their stake by 3% be-
tween July and September. As against equity of Rs15.87 crore, the company has reserves of Rs346
crore. In September quarter, the company's income increased from Rs651.72 crore to Rs905.85
crore, while profit increased from Rs26.06 crore to Rs38.42 crore with EPS of Rs4.84. In Decem-
ber quarter, the company's income increased from Rs625.69 crore to Rs884.56 crore, while profit
increased from Rs28.85 crore to Rs44.74 crore with EPS of Rs5.64. It paid 60% dividend in FY2015
and 70% for FY2016. The company's growth is estimated at 12% between 2016&2018. The com-
pany may get benefitted from expansion plans. The stock can be bought with long term perspec-
tive.
Artsons Engineering (Rs.47.00) (Code:522134) :- Industrial machinery manufac-
turing company is subsidiary of Tata Projects, which is the fastest growing industrial and urban
infra company in the country. It is active in EPC/construction contracts along with manufacturing
Tankges pilling and mechanical stable equipment. The company has also built refinery and chemical
projects in past. It has fabrication yards at Nagpur, Jamshedpur and Ranchi for providing services
to structural steel fabrication and intense-irrection and steel and thermal power. It has recently
bagged Rs108 crore order from PSU's crude oil storage tank in Orissa. In December quarter, the
company registered net profit of Rs0.12 crore on income of Rs25.25 crore with EPS of Rs0.13. It
may touch Rs75 level in couple of quarters.
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
SMART
INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
Cautious approach
might be seen on upward movement
BSE Index (28832.45) :- After reaching 29145.60 level on upward movement, the index is witnessing
rebounding fall. It shows overbought to neutral position on daily basis, overbought on weekly basis and
neutral on monthly basis. On upward movement, beyond 28933 it may witness resisting level at 29145. On
downward movement, below 28663 it may indicate weak position. Below 28663 it may go down to 28510,
28295, 28050 with support at 28785.
Nifty Future (8922.80) :- It is witnessing rebounding fall from top of 9018. It shows overbought to neutral
position on daily basis, overbought on weekly basis and neutral position on monthly basis. On upward
movement, beyond 8950 it may witness resisting level at 9019. On downward movement, below 8890
indicates weak position and below that level it may go down to 8800, 8735, 8680, 8665 with support at
8640.
Bank Nifty Future (20579.90) :- It is moving downward from top of 21024.55. It shows towards over-
sold position on daily basis, overbought on weekly basis and neutral on monthly basis. On upward move-
ment, beyond 20620 it may witness resisting level at 20811. On downward movement, below 20494 it may
go down to 20385, 20170, 19950 with support at 19800.
Indusind Bank (1299.20) :- It is moving downward with rebounding fall from top of 1365.85. It shows
oversold position on daily basis, while overbought position on weekly and monthly basis. On upward move-
ment, beyond 1217 it may witness resisting level at 1335. On downward movement, below 1283 it may go
down to 1263 with support at 1242.
Just Dial (546.35) :- It is moving up from bottom of 318.05. It shows overbought position on daily and
weekly basis, while towards overbought position on monthly basis. On upward movement, beyond 560 it
may witness resisting level at 574. On downward movement, below 524 it may go down to 500 with support
at 494.
Yes Bank (1433.75) :- After reaching 1471.80 level, the stock is witnessing rebounding fall. It shows
neutral position on daily basis, towards neutral on weekly basis and towards overbought position on monthly
basis. On upward movement, 1447 could be resisting level. On downward movement, below 1417 it may
go down to 1400 and below that it may go down to 1375 with support at 1365.
Adani Port (296.35) :- From top of 315.90, the stock is moving down. It shows towards neutral position
on daily basis, oversold on weekly basis and towards oversold position on monthly basis. On upward
movement, beyond 300 it may witness resisting level at 307. On downward movement, below 289 it may
go down to 284 and 280 as support.
Bharat Forge (1043.00) :- After reaching top of 1095, it is witnessing rebounding fall. It shows oversold
position on daily basis, overbought on weekly basis and towards overbought on monthly basis. On upward
movement, 1053 could be resisting level. On downward movement, below 1024 it may go down to 1009,
995, 980 with support at 968.
disclosure : The Recommendations are based on technical analysis. There is a risk of loss in
trading.
-: Golden quote :-
Love is a beautiful thing.... with the right person
SMART
INVESTMENT
Dilip Davda
e-mail Experts Eye
dilip_davda@rediffmail.com
A worthwhile look at SME IPOs

Since 2012, SME platform turned active, we have been seeing flow of SME IPOs for both the
bourses with BSE taking the lead as it crossed above 200 marks while NSE has yet to cross the 50
mark. Off late we have seen few IPOs making astounding success with new oversubscription records
that has attracted attention of choosy investors. Recent IPOs of Krishna Phos and Global Educa-
tion raised eyebrows of brokers, merchant bankers and investors alike. But the major cry for the
SME platform has remained about its minimum lot while applying as well as for trading post list-
ings. And when it comes to this, the look at the following table will make the picture clearer as to
why this segment still remains ignored and not promoted to a desired level. For this we are not
going too far off but taking a view of last fifteen to gauge the facts and figures.
Company Offer Size Min Price Issue Market HNI Retail Overall No. of
Rs. Crore Lot (Rs.) Date Maker Sub. Appl.
Blueblood Ventures 7.04 3000 50 21-29 Jan 16 1.88 1.72 0.32 1.06 87
Ganga Pharma 1.54 8000 15 29.01-11.02.16 NA 1.15 1 1.15 78
Vidli Restaurant 1.31 10000 10 03-05 Feb 16 1 7.05 7 6.7 524
Sylph Education Solu 4.8 10000 12 10-15 Feb 16 1 1.96 0.26 1.1 79
K P Energy 6.44 2000 70 15-17 Feb 16 1 1.21 0.54 1.15 129
Hi Tech Pipes 13.65 3000 50 15-19 Feb 16 1 1.7 3.51 2.54 905
Relicab Cables Mfg 3.22 6000 20 09-14 Mar 16 1.13 1.13 0.63 1.09 87
Wealth First Portfoliio Mgrs 8.4 3000 50 10-18 Mar 16 1 1.26 1.58 1.4 486
HEC Infra Proj 5.39 1200 100 10-18 Mar 16 1 1.99 1.7 1.8 398
Khemani Distri & Mktg 15.84 1200 100 16-18 Mar 16 1 2.03 0.17 1.09 121
Umiya Tubes 2 10000 10 18-22 Mar 16 1 NA 1.06 1.06 150
CHD Chemicals 1.98 10000 11 21-23 Mar 16 1 1.84 1.11 1.44 139
NINtec Systems 1.88 10000 10 29.03-06.04.16 1 1.82 1.79 1.76 199
Ruby Cables 10.01 3000 50 30.03-05.04.16 1 1.14 0.83 1.08 295
Franklin Leasing & Fin 6.34 8000 15 30.03-05.04.16 1 1.05 0.68 1.05 219
Sysco Industries 2.17 10000 10 31.03-05.04.16 1 9.79 9.77 9.34 946
Lancer Containers Lines 1.85 10000 12 31.03-05.04.16 1 3.73 3.72 3.58 406
Raghav Ramming Mass 7.49 3000 39 31.03-06.04.16 1 1.42 0.95 1.18 315
Bajaj Healthcare 30.9 800 170 27.04-02.05.16 1 1.18 0.43 1.15 561
Ghushine Fintrade Ocean 2.6 10000 10 25-27 Apr 16 1 2.51 2.5 2.43 353
Darshan Orna 7.54 2000 60 02-11 May 16 1 1.11 1.1 1.13 463
Sagardeep Alloys 6 6000 20 04-09 May 16 1 1.66 0.86 1.24 231
United Polyfab Guj 7.65 3000 45 25-30 May 16 1 1.94 0.21 1.07 89
Shanti Educational Int. 39.6 1600 90 01-06 June 16 1 1.64 0.27 1.52 416
Yash Chemex 2.51 6000 23 07-10 June 16 1 1.98 1.95 1.91 236
SMART
INVESTMENT
Company Offer Size Min Price Issue Market HNI Retail Overall No. of
Rs. Crore Lot (Rs.) Date Maker Sub. Appl.
KKV Agro Power 3.58 400 320 30.06-07.07.16 1 2.11 1.61 1.81 256
Zeal Aqua 14.76 1000 130 27-30 June 16 1 2.13 0.46 1.27 343
Advance Syntex 2.52 10000 12 30.06-04.07.16 1 1.27 5.54 3.21 581
Commercial Syn Bags 7.66 6000 24 30.06-05.07.16 1 7.93 6.22 6.75 1758
Titaanium Ten Enterprises 2.72 8000 15 30.06-05.07.16 1 1.96 1.94 1.9 230
Kwality Pharmaceuticals 6.21 3000 45 30.06-08.07.16 1 1.57 0.76 1.33 241
Prabhat Telecom (India) 11.22 2000 51 22-26 July 16 1 2.3 0.22 1.28 268
Shiva Granito Exports 5.04 10000 12 23-29 Aug 16 1 2.26 2.24 2.18 686
Mitsu Chem Plast 9.51 1200 95 26-31 Aug 16 1 1.43 1.43 1.41 627
Madhya Bharat Agro Prod 13.9 6000 24 29.08-02.09.16 1 7.54 7.53 7.2 4900
Spicy Entertainment 4.82 10000 10 01-07 Sept 16 1 1.55 0.78 1.16 170
Sprayking Agro Equip 1.86 6000 21 31.08-023.09.16 1 5.73 5.62 5.4 613
Narayani Steel 11.52 4000 32 01-06 Sept 16 1 1.7 1.18 1.41 529
Riddhi Steel & Tube 8.89 3000 38 02-07 Sept 16 1 2.38 0.47 1.4 230
Husys Consulting 4.2 2000 69 09-19 Sept 16 1 2.12 4.19 2.98 633
Crown Lifters 6.68 1000 121 09-19 Sept 16 1 2.31 2.3 2.24 704
Radhika Jeweltech 49.5 1600 75 14-20 Sept 16 1 1.92 0.18 1.05 391
AVSL Ind 5.18 3000 36 15-28 Sept 16 1 1.72 0.44 1.08 132
Diksat Transworld 18.43 3000 36-40 29.09-06.10.16 1 1.14 0.52 1.1 437
Valiant Organics 21.23 600 220 29.09-04.10.16 1 6.86 2.98 4.72 2427
Gratex Ind 3.96 6000 20-21 30.09-05.10.16 1 1.64 1.06 1.32 171
Jet Knitwear 4.22 3000 39 27-29 Sept 16 1 4.75 2.95 3.7 620
Nandani Creations 4.04 4000 28 28.09-03.10.16 1 1.5 0.49 1.36 113
Sakar Healthcare 14.81 3000 42-50 30.09-05.10.16 1 1.93 1.38 1.62 719
Aurangabad Distillery 7.7 4000 35 30.09-06.10.16 1 9.02 9.01 8.61 3097
Globe Intl Carriers 5.17 6000 24 30.09-07.10.16 1 2.12 2.09 2.04 449
Pansari Developers 10.19 6000 22 30.09-06.10.16 1 1.78 1.34 1.53 522
Aditya Consumer Marketing 6 8000 15 29.09-05.10.16 1 1.38 0.27 1.31 136
Shashjit Infraproj 3.49 8000 15 30.09-06.10.16 1 1.35 0.54 1.24 115
Bindal Exports 2 8000 16 30.09-06.10.16 1 1.64 1.07 1.33 101
Dhanuka Realty 4.22 3000 40 30.09-06.10.16 1 2.9 2.31 2.6 443
DRA Consultants 2.96 10000 10 30.09-04.10.16 1 18.36 7.31 12.2 1048
Mewar Hi-Tech Engg 2.34 6000 22 30.09-06.10.16 1 2.16 1.4 1.73 149
Art Nirman 5.01 6000 25 30.09-07.10.16 1 2.15 1 1.59 200
India Green Realty 10.38 4000 30 30.09-06.10.16 1 1.09 0.46 1.07 248
Agro Phos India 12.94 6000 22 27.10-07.11.16 1 16.35 20.19 17.35 9654
Jet Freight Logi 4.07 4000 28 24-28 Nov 16 1 6.71 3.8 5.01 719
Aditya Vision 5.76 8000 15 28.11-05.12.16 1 1.19 0.73 1.11 208
Majestic Research - FPO 10 1200 106-114 28.11-05.12.16 1 2.48 0.9 1.65 372
Veeram Ornaments 5.12 3000 45 23-28 Dec 16 1 1.07 0.46 1.05 122
Libas Designs 13.6 2000 68 27-30 Dec 16 1 1.53 2.94 1.82 1459
Prolife Ind 4.22 3000 38 27-30 Dec 16 1 4.9 4.22 4.37 822
Maheshwari Logistics 27.17 2000 68 30.12-06.01.17 1 4.55 4.55 4.37 4689
Super Fine Knitters 4.08 10000 12 18-24 Jan 17 1 25.41 25.26 24.04 4638
Madhav Copper 4.48 1600 81 23-27 Jan 17 1 10.5 10.49 10 2559
SMART
INVESTMENT
From the above table we can notice that only few IPOs got above 1K applications rest all we in few hundred. The IPOs that
got above 1K applications were Commercial Syn, Madhya Bharat Agro, Valiant Org, Aurangabad Distilleries, DRA Consult-
ants, Agro Phos, Libas Designs, Maheshwari Logi, Super Fine and Madhav Copper. In particular, last few IPOs have been
attracting investors to cross respectable number of applications.
For this matter, investors associations, merchant bankers and even promoters have been urging the watchdog bodies and
exchanges to reduce the entry level so that even small investors too can participate and the real motto of wide spread equity
holders can be met easily.
Hope from the above eye opener study the concerned authorities make a note of this and does the needful.
DISCLAIMER: No financial information whatsoever published anywhere here should be construed 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 advisor prior to making any actual investment decisions, based on information published
here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions
based on any information published here does so entirely at own risk. Above information is based on information
available as on date coupled with market perceptions. Author has no plans to invest in this offer.
(SEBI registered Research Analyst-Mumbai). (Email: dilip_davda@rediffmail.com)
Nayan Patel
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SMART
INVESTMENT
Scrip Watch - Dilip K. Shah
Advanced Enzyme (Rs. 1712.00) (Code : 540025) (F. V. : 10.00) :- Ad-

vanced Enzyme Technologies Ltd, as its name suggests, is a technology company with a huge
growth potential and it is now organising itself to take the advantage. It is now entering the largest
enzyme section called detergent enzyme. The company is expanding its base to other global mar-
kets and animal feed enzyme and human nutrition has been its forte since inception. December
quarter was little bit weak due to its largest clients inventory adjustments. However, the business
is as usual from January. So, next quarter will be stronger. Its April-Deceber net profit has grown 35
per cent. It expects 25-30 per cent growth for next couple of years. Meanwhile, Its board meeting
held on February 14, 2017, has approved the sub-division of face value of share capital of the
Company from existing Rs 10 per share to Rs 2 per share.
Castrol (Rs. 407.00) (Code : 500870) (F.V. : 5.00) :- Despite note ban, lubricant
makers Castrol India saw an increase in sales volumes in December quarter, but the percentage
increases were pretty different. Importantly, analysts expect the growth trend to improve and oper-
ating profit margins to remain firm going ahead. Castrol clocked two per cent growth on healthy
growth in personal mobility segment. Castrol India has reported a 10.7 per cent rise in net profit at
Rs 155.8 crore for the fourth quarter ended December 31, while its revenue inched down 1 per cent
to Rs 782.2 crore. For the full year ended December 2016, profit rose 9.7 per cent to Rs 674.9
crore. The stock has been in momentum. Buy.
Minda Industries (Rs. 430.00) (Code : 532539) (F. V. : 2.00) :- Minda Indus-
tries Q3FY17 consolidated results for the quarter beat consensus estimates. Revenue came in
12.9% higher than the estimated figure of Rs 784 crore. EBITDA for the quarter came in 41.6%
higher than the estimated figure of Rs. 76 crore. Net profit for the quarter came in 39.7 % higher
than the estimated figure of Rs. 32 crore.Minda Industries consolidated revenue for the quarter
came in at Rs. 885 crore, registering 41.4% yoy increase.EBITDA for the quarter soared 80% yoy
to Rs. 108 crore with a corresponding margin expansion of 262 bps. EBITDA margin for the quarter
stood at 12.2%. This was driven by slower growth in operating expenses compared to growth in
revenue.PAT for the quarter came in at Rs. 44.7 crore, yoy increase of 54.7%. Companys other
income dropped by 43% yoy and Finance costs increased by 31% yoy.The stock is trading at its
52-week high. Accumulate at any 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
SMART
INVESTMENT
Market Tips - Dilip K. Shah
JSPL (Rs. 126.00) (Code : 532286) (F. V. : 1.00) :- Naveen Jindal-owned Jindal
Steel & Power (JSPL), which will commission its greenfield Angul plant next month, and the fact
that it had a good December quarter, has created a strong interest among investors. The commis-
sioning of the 3.2 mt blast furnace at Angul is expected to ramp up the company's volumes in the
next two years.If steel prices hold, the company is expected to turn around in the next two years.
JSPL is expected to report a year-on year 32% jump in its FY17 EBIDTA, thanks to firm steel
prices.Meanwhile, Jindal Steel and Power Ltd (JSPL) will invest Rs 20,000 crore in Jharkhand
within a few years in addition to Rs 3,000 crore it has already invested in the State. JSPLs Patratu
manufacturing facility has a total finished steel capacity of 1.6 MTPA.The stock has seen very
sharp rally and has jumped 80 per cent in just two months. Buy in phased manner.
Tata Communications (Rs. 744.00) (Code : 500483) (F. V. : 10.00) :- In a
sector wracked with volatility and stock price spikes, Tata Communications has been one of the
few telecom stocks which has been an outperformer over the last one year. While business to
consumer sector (B2C) peers have posted December quarter results which reflect multi-year op-
erational lows, Tata Communications (B2B model) has stood out. Robust growth in data services
segment (revenues up 11 per cent, operating profit up 20 per cent year-on-year) helped the com-
pany post adjusted consolidated revenues and operating profit ahead of estimates. Meanwhile,
Tata Communications is partnering with Hewlett Packard Enterprise (HPE) to support the roll-out
of the former's Internet of Things platform, the LoRa network. LoRa is essentially a wireless com-
munication technology dedicated to the Internet of Things (IoT) / Machine to Machine (M2M) com-
munications network. If you are thinking to invest in telecom sector, Tata Communications is one of
the better options. Accumulate.
Dalmia Bharat (Rs. 1870.00) (Code : 533309) (F. V. : 2.00) :- Dalmia Bharat
Ltd (DBEL) is currently positioned as the fourth largest cement company in India and possesses a
manufacturing capacity of 25 mtpa and a captive power capacity of 186 MW. DBEL enjoys a healthy
presence in South, East and North-East (NE) with manufacturing capacity of 12.1 mtpa (48%)
located in South and 12.9 mtpa (52%) located in East (incl. NE).Meanwhile, Dalmia Bharats mar-
ket share in the south jumped 120 basis points in the last one year to 7.7%. In the December
quarter, Dalmia Bharats cement volumes grew 20% year-on-year to 3.56 million tonnes, largely
driven by the ramp-up of new capacity at its Belgaum plant in the south that started commercial
production in the fourth quarter of fiscal year 2016.The stock is trading at a one-year forward price-
to-earnings multiple of around 32 times. The stocks valuation is lower than that of UltraTech Ce-
ment Ltd and Shree Cement Ltd. Most of the brokerages are bullish on cement sector as a whole
and this cement counter, in particular. Buy in a phased manner.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; I and / or my clients may have investment in this
SMART
INVESTMENT
SMART TIPS Smita N. Zaveri
Panama Petro (Rs. 147.00) (Code: 524820) :- Shares of this B group listed oil
marketing and distribution sector company have face-value of Rs. 2. The share touched a 52-week
high of Rs. 153 and low of Rs. 52. Panama Petro makes petroleum specialty products which are
mainly used in ink, rasins, textiles, rubber foam, and other products. It has manufacturing facilities
in Daman, Dahej, Ankleshwar and Taloja. For December 2016 quarter, sales rose 20% to Rs.
237.37 crores, whereas net profit surged by 83% to Rs. 11.58 crores. Big market players such as
Madhukar Sheth, Anil Kumar, Dolly Anna and Chetan Parikh have holdings in the company. Pro-
moter holding in the company has gone up to 71.02% at the end of December. The stock can be
seen touching fresh highs going ahead.
Marksans Pharma (Rs. 49.00) (Code: 524404) :- Shares of this A group listed
pharma sector company have face-value of Re. 1. In the last 52 weeks, the shares touched a high
of Rs. 58 and low of Rs. 36. The Mumbai-based company is engaged in generic pharma formula-
tions research and marketing. In addition to domestic market, it also exports to several countries.
For December 2016 quarter, Marksans reported consolidated net profit of Rs. 12.87 crores on
income of Rs. 215 crores. Its equity is Rs. 53.43 crores, net-worth Rs. 454 crores, total debt Rs.
87.89 crores, reserves at over Rs. 369 crores, and market cap at Rs. 1,958.57 crores. One can
consider this stock for investing for the medium term in anticipation of strong numbers for March
quarter.
Meghmani Organics (Rs. 37.00) (Code: 532865) :- This specialty chemicals
company's shares are listed in the B group and they have face-value of Re. 1. The share touched
a 52-week high price of Rs. 52 and low of Rs. 19. It is a leading global producer of colour pigments.
It has manufacturing plants in Bharuch and Dahej, and strong network in 17 states. It also has
presence in 75 countries, with over 400 clients. Repeat orders account for 90% of the business. It
has spent Rs. 5,600 million towards capex in the last five years. For Q3, it reported consolidated
income of Rs. 315.27 crores and net profit of Rs. 27.11 crores. The company's new plant to make
dichloro chloromethane in Dahej is expected to begin operations this month. The stock can be
expected to take rapid strides in the medium to long term.
India Home Loan (Rs. 103.00) (Code: 530979) :- This XD group listed company is
engaged in housing finance business. Its shares have face-value of Rs. 10. The shares touched a
high of Rs. 124 and low of Rs. 35 in the last year. The Mumbai-based company was earlier known
as Manoj Housing. JM Financial holds a big stake in the company. In November, JM Financial
Products hiked its stake by 5% to take overall stake to 24%. The shares of LIC Housing and PNB
Housing Finance have been outperforming due to the government's focus on affordable housing
segment, but shares of India Home Loan haven't participated in the rally. For December quarter, it
reported income of Rs. 1.31 crores and profit of Rs. 0.07 crores. Income has gone up by 35% in first
nine months. The stock can be seen crossing the 52-week high price in the medium to long term.
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 3rd March 2017 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
SMART
INVESTMENT
Smart super duper - Dilip K. Shah
Atlanta (Rs.82.00) (Code: 532759) :- The infrastructure segment company has

presence in mining, realty and tourism infrastructure segments. As against equity of Rs16.30
crore, the company has reserves of Rs668.17 crore. The book value of the stock is Rs83.98
and the stock is available at the lowest price to book value of 1. In December quarter, the
company's income increased from Rs18.94 crore to Rs42.76 crore, while it registered profit
of Rs20.40 crore against losses of Rs1.21 crore. The stock may hit century from current
level. It has bagged order for converting 93.21 km highway into six lanes.
Mahindra CIE (Rs.201.00) (Code: 532756) :- M&M Group's forging copany got
merged with CIE Automotive in 2013 to be renamed at Mahindra CIE. It manufactures equip-
ment. The company is attaining turnaround position slowly. After merger the stock prices
have also improved. It may perform better as Mahindra Group has also shown willingness to
park more money in the company. The stock may give higher return in future. In December
quarter, the company's sales increased from Rs404.19 crore to Rs447.34 crore, while profit
decreased from Rs15.28 crore to Rs10.94 crore with quarterly EPS of Rs0.29. The stock is
in consolidation phase. It could be a good option for investment.
Grindwell Norton (Rs.337.00) (Code:506076) :- As against equity of Rs27.96

crore, the company has reserves of rs646.10 crore. In December quarter, the company's
income increased from Rs280.79 crore to Rs314.41 crore, while profit increased from Rs22.73
crore to Rs27.72 crore with EPS of Rs2.44. It is one of the leading manufacturers of abrasive
and silicon carbide in the country. The company also manufactures high performance refrac-
tories and performance plastic products. It has total seven plants including Mumbai, Nagpur,
Bengaluru, Tirupati, Halol, Himachal Pradesh and Bhutan. The company is witnessing steady
growth for quite some time. It is also investor friendly.
Orient Carbon and Chemicals (Rs.913.00) (Code: 506579) :- The company's

market is Rs945 crore at current price. The promoters hold 51.04% and public hold 48.96%
stake in the company. It also manufactures sulfuric acid and insoluble sulfur. As against
equity of Rs10.31 crore, the company has reserves of Rs275.69 crore. In December quarter,
the company's income increased from Rs62.75 crore to Rs70.22 crore, while profit increased
from Rs13.68 crore to Rs14.87 crore with EPS of Rs14.44. The company paid 30% dividend
for 2017. It is one of the leading insoluble sulfur producing companies in the world and the
demand for its products are increasing. It can be considered for investment.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; I and / or my clients may have investment in this
SMART
INVESTMENT
A.J. Diwan (Mumbai)
Diwan-E-Khas E-mail : divanconsultancy@rediffmail.com
Its GDP game !

After demonetization GDP was expected to come down. The rate of 7% growth just pushed up
markets by 200 points on Thursday. Next day one of FII predicted GDP at 6.4% so there was profit
booking. On Thursday DOW lost over 100 points i.e. first time three digit fall after Jan. 2017.
Us president talk about Tax Reform but did not gave hint of tax cut. FED is expected to raise rate
in coming month. There is prediction of crude price to go up.
Indian Market Nifty after touching 8900 reacted. The 20 days average of Nifty is placed at
8829.8968 is resistance and weekly support is 8760.
The change in inter promoters holding price is fixed at Rs.1101. Market reacted one day one.
Reliance should remain above 1275 for further north journey.
Axis Bank: - It has support at 497 and resistance at 505. If constantly remains above 505 it can
go up to rs.510/12.
Tata steel has resistance at Rs. 498 if break on upside 505/510 is target.
After announcement of buy back in TCS share managed to cross Rs. 2500. Share has resis-
tance at Rs. 2515.
If ultra cement is not breaking 3760 on down side, it can go up to Rs. 3900/3940.
Zee Enterprise is good short with s/l at 504.
Short Biocon on any rise. Share is looking weak with expected price of rs.995.
Cipla and Lupin: Best short on any rise.
We feel that until election results of five states big basket buying should be avoided.
Buy... Buy... Buy on Dips Hold Sell on High

L&T 1469.00 UPL Ltd. 690.00
Waterbase 85.00 Kwality Ltd. 160.00 Cholamandalam 962.00 Wockhardt 720.00
Shipping Corp. 63.00 Bharti Infra 308.00 Sun Pharma 685.00 Apollo Hospital 1246.00
Vista Pharma 30.00 Ajmera Realty 189.00 HUL 877.00 IDEA Cell. 110.00
L & T Fin. Hold 115.00 Dabur India 276.00 Reliance Ind. 1258.00 Britannia Ind. 3095.00
National Alu. 78.00 Hindalco 198.00 Engineers India 148.00 DLF 144.00
Ashok Leyland 87.00 Unichem Labs. 257.00 Reliance Capital 532.00 Ambuja Cement 225.00
Meghmani Org. 37.00 Sun Pharma Adv. 338.00 Grasim Industries 1020.00 Cadila HC 430.00
NIIT 74.00 RBL Bank 455.00 Akzo Nobel 1539.00
Dish TV 95.00 Rel. Comm. 37.00
Balaji Amines 336.00 Mphasis 593.00 Jet Airways 428.00
Vikas Eco 21.15 Sanofi India 4300.00
Titan 439.00 Torrent Power 201.00
Laxmi Vilas Bank 161.00
PNB 139.00
SMART
INVESTMENT
Investment Ideas telegram.me/rupeegains
Nifty (8897) :- For next week NIFTY has strong support around 8860 levels. Break will
take it to 8810/8780 levels. On the upper side NIFTY will face strong hurdle at 8985/9010 levels,
cross over with volume and close above will create short covering at take NIFTY up to 9120 lev-
els
Bank Nifty (20495) :- For next week BANK NIFTY has strong support around 20300/
20295 levels. Break will take it to 20090/20000levels. On the upper side BANK NIFTY will face
strong hurdle at 20610 levels, cross over with volume and close above will create short covering at
take BANK NIFTY up to 20775/20905levels
Some mind-blowing recommendations

Issue Date Stock Reco. Rate Achieved Appreciation
in %
22nd Feb-17 LAHOTI OVERSEAS 22 27.4 25%
CANTABIL RETAIL 66.65 76.3 14%
MAKERS LAB 95.5 108.9 14%
20th Feb-17 PRIME URBAN 33.65 47.4 41%
VIMTA LAB 109 118.5 9%
KOLTE PATIL 102.5 116.25 13%
EON ELE 64 71.15 11%
6th Feb-17 AJMERA REALTY 177.2 193.8 9%
23rd Jan-17 PBA INFRA 24 31.65 32%
9th Jan-17 SANWARIA AGRO 7.2 10.3 43%
26th December-16 PIX TRANS 82 129.5 58%
MUKAND LTD 49.35 76.4 55%
ELGI RUBBER 35.5 70.45 98%
19th Dec-16 EON ELE 59 73.75 25%
FUTURE MARKET 40.35 67.7 68%
12th Dec-16 TARMAT 44 61.35 39%
5th Dec-16 RAPICUT CARBA 65 96.4 48%
10th October-16 RAMA PHOS 60 105.6 76%
KATWA UDYOG 98 183 87%
19th Sep-16 DHP INDIA 135.6 372 174%
5th September-16 PIX TRANS 52.7 129.5 146%
PRESSMAN AD 47 68.2 45%
GRAUER WEILL 29.25 40.75 39%
22nd August-16 SHREE PUSHKAR CHEM 117 211 80%
IFB IND 388 660 70%
15th August-16 POLYPLEX CORP 293.3 411 40%
DYNAMIC PRODUCTS 65.5 159.9 144%
DAIKAFIL CHEM 40 80.6 102%
TANLA SOLUTIONS 35.5 66.45 87%
18th July-16 CHENNAI PETRO 219 404.7 85%
TRIDENT 48 74.4 55%
JOINDRE CAP 13.6 22.35 64%
11th July-16 SHIVA GLOBAL 26.65 70 163%
PRAKASH IND 39.2 88.45 126%
SHIVALIK BIMETAL 25 60.9 144%
4th July-16 EDELWEISS FIN 76 148.4 95%
J M FIN 52.1 91 75%
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SMART
INVESTMENT
Pioneer Embroideries (514300 & NSE) (50.25) :- Incorporated in 1991, Mumbai
based Pioneer Embroideries Limited manufactures and sells embroideries, torchon/bobbin laces,
raschel laces, and other garment accessories primarily in India. Its products include apparels, dope
dyed polyester yarns, elastics, embroidered fabrics and laces, fancy laces, flat bed knitted laces,
motifs/collars/necks, and torchon/bobbin laces. The company is also involved in the retail of em-
broidered clothing under the Hakoba brand name. Pioneer Embroideries Limited also exports its
products to North America, Latin America, Europe, the Middle East, and Africa. It has an equity
base of Rs.18.55crore that is supported by reserves of around RS.45.45CRORE. For 9MFY17, PE
achieved a turnover of Rs.177.94crore with PAT of Rs.1.36crore. Its all-time high rate was Rs.345.
In October-16, Company has allotted 30lacs preferential shares to the Promoters at Rs.49 per
share. Technically, company has formed strong base between Rs.40-45 levels & now it is ready
for big up move. One can buy this stock with stop loss of Rs.45 for an upper target of Rs.65/70
Pitti Laminations (Rs. 64.00) (Code : 513519 & NSE) (F. V. : Rs. 5) :- Pitti
Laminations Limited promoted by Sharad B. Pitti, was founded in 1983 and is India's largest and
most reputed manufacturer of Electrical Steel Laminations, Motor Cores, Sub-Assemblies, Die-
Cast Rotors and Press Tools. Company is the largest exporter of laminations from India. Company
has already diversified into manufacturing of Castings, Steel Fabricated Parts and machined com-
ponents stator and rotor assemblies with plans of diversifying into forgings. It serves power gen-
eration, transportation, industrial motors, locomotives, aerospace, automobile, earth moving and
mining, oil and gas, and infrastructure industries. It has an equity base of just Rs.13.50crore that is
supported by reserves of around Rs.93.46crore. For Q3FY17, PLL achieved a turnover of
Rs.76.90crore with PAT of Rs.1.92crore against a loss of Rs.4.03crore. During 9MFY17, Com-
pany posted profit of Rs.4.67crore as against a loss of Rs.5.30crore in 9MFY16 on sales of
Rs.201.67crore fetching an EPS of Rs.1.73. After turn around numbers in 9MFY17, stock is look-
ing hot & explosive even at this level. Technically stock is on verge of huge break out. One can buy
this stock with stop loss of Rs.57 for an upper target of Rs.75/80
Sakuma Exports (Rs. 65.00) (Code : 532713 & NSE) :- Incorporated in 1998,
Mumbai based Sakuma Exports Limited engages in trading various commodities in India. It im-
ports and exports various products, such as maize, de oiled cakes, castor oil, tea leaves, red split
lentils, moong, channa dal, chick peas, peanuts, peanuts in shell, seasame seeds, niger seeds,
rice, wheat, sugar, cotton, coriander, turmeric, tamarind, cumin seeds, chillies, fenugreek seeds,
watermelon, jaggery, cashews, onions, pulses, oil meal, coal, etc. The company exports its prod-
ucts to approximately 75 countries.
It has an equity capital of Rs.16.43crore supported by reserves of around Rs.109.29crore. The
promoters hold 69.03% of the equity capital, which leaves 30.97% stake with the investing public.
Its share book value works out to Rs.76.54 and the price to book value ratio stands at just 0.90x.
For 9MFY17, SEL posted marginally lower sales of Rs.1314.09crore as against Rs.1406.11crore
in 9MFY16. PAT remains almost flat to Rs.9.56crore from Rs.9.72crore in 9MFY16 fetching an
EPS of Rs.5.82.Currently, the stock trades at a P/E of just 3.8x.Stock is trading narrow range since
last long time and expect positive break out in near future. Investors can buy this stock with a stop
loss of Rs.58. On the upper side, the stock could zoom to Rs.80/85 levels in the short to medium
term. Its all-time high rate is Rs.104.
Royal Orchid Hotels (Rs. 86.00) (Code : 532699 & NSE) :- Royal Orchid
Hotels Limited is engaged in the accommodation and food service activities, such as hotels, re-
sorts and restaurants, and food and beverage service activities, such as restaurants and mobile
food services. The Company operates and manages hotels/resorts, and provides related services.
It operates approximately 39 business and leisure hotels in over 26 popular destinations. In 2015,
the group made its first international foray with the Hotel Royal Orchid Azure, Nairobi.
It has an equity capital of Rs.27.23crore supported by reserves of around Rs.132.58crore. The
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INVESTMENT
promoters hold 70.77% of the equity capital, which leaves 29.23% stake with the investing public.
Well-known investors Mr. AshishKacholia hold 10,73,587 shares (3.94% stake) in company. He
has bought 2,78,178 shares at the rate of Rs.87.82, bought 3,75,727 shares at the rate of Rs.98.74
& bought 1,54,160 shares at the rate of Rs.98.37 in January 2016.
For Q3FY17, ROHL posted marginally lower sales of Rs.22.13crore as against Rs.23.98crore
in Q3FY16 but PAT jumped 110.44% to Rs.4.23crore from Rs.2.01crore in Q3FY16.
For 9MFY17, ROHL posted marginally lower sales of Rs.60.75crore as against Rs.63.65crore
in 9MFY16. PAT soared 45.72% to Rs.6.47crore from Rs.4.44crore in 9MFY16 fetching an EPS of
Rs.2.37.
Last time company has paid 15% dividend for FY11. After 6 year, company has paid 10% in-
terim dividend for FY17 which clearly indicates that management is very confident for bright future.
Investors can buy this stock with a stop loss of Rs.72. On the upper side, the stock could zoom to
Rs.115/125 levels in the short to medium term
Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the
stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale
of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their
going up or down as the case may be.
Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to
be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We
assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or
financial losses made by anybody.
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SMART
INVESTMENT
NIKHIL BHATT
MARKET TREND (+919979380808)
WWW.INVESTMENTPOINT.IN
PERIOD : 6-3-2017 to 10-3-2017
NIFTY FO RANGE @ 8860 TO 9009 POINT IN SHORT TERM!!!
Dear Friends,
NIFTY FO CLOSED @ 8931 AS ON 03.03.2017..!!
NIFTY FO has resistance at 8989 - 9009 Level; above which other resistance levels are at 9019
- 9049 Level with highly Volatile Trend.
In Downside support levels are at 8903 - 8888 Level; below 8888 Level, other support levels are
at 8860 - 8833 Levels.
I am positive for next week above 9009 Level 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 crosses 9009 Level, again then the upper side target is quite high and it may touch
9049 Level in short term...!!!
Golden Stocks for the Period : 6-3-2017 to 10-3-2017
1. L & T (1475) : It is suggested to buy @ Rs 1460 with SL of Rs 1433 for the target of Rs
1496 - 1509; below Rs 1433 it can fall up to RS 1419 - 1409 levels. If it crosses Rs 1509 level than
expect nonstop rally up to Rs 1515....!!
2. Reliance Capital (536) : Operator based Game start in this stock, BUY @ Rs 526 With
SL of Rs 516 for the target of Rs 547 - 560 level below Rs 526 it can show further downfall up to Rs
513!!!
3. Shivam Autotech (44) : Buy delivery of this stock near @ Rs 41 with SL of Rs 36 for the
target of Rs 51 - 55 level. It is very good for medium term position also!!!
4. Pioneer Invest Corp. (64) :- This stock is looking very good to buy @ Rs 62 with SL
of Rs 56 for the target of Rs 74 - 80 Levels below Rs 56 is stock shall witness free fall!!!
5. SRG Housing Fin. (121) : Buy @ Rs 117 levels considering minor support of Rs 113
and stop loss of Rs 106 for an upper target of Rs 133 - 140 levels. Below Rs 106 it can slip up to RS
97 - 90 levels!!!
6. Kalpataru Power (290) :- Operator based buying has been there in this stock. Buy @
Rs 278 with SL of Rs 260 for the target of Rs 303 - 313 levels it is very good for long term position
also!!!
7. D-Link India (139) :- Trading point of view BUY @ Rs 129 With SL of Rs 116 for the
target of Rs 153 - 160 level below Rs 116 It can show further downfall up to Rs 109..!!!
8. Uttam Sugar (95) :- Buy delivery of this stock near @ Rs 90 with SL Rs 83 for the target
of Rs 106 - 113 level. It's very good for long term position also!!!
9. Hind. Petro (521) :- For medium term buying is suggested @ Rs 509 with SL Rs 509
for the target of Rs 544 - 550 level. Below Rs 509 it can show further downfall!!!
10. Infosys (1032) :- It is suggested to SELL with SL Rs 1047 for the target of Rs 1013 -
1003 below @ Rs 1003 it can slip up to Rs 993 - 989 level. Above Rs 1047 level will take the stock
to Rs 1066 - 1081!!!
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INVESTMENT
Primary Market - Dilip K. Shah
In March/April nearly half a dozen companies to foray in primary market to raise Rs6000
BSE Ltd has given 50% returns so demate opening activities witnessed 30/40 times increase
Music Broadcast's issue with offer price of Rs324/333 will open on March 6
D-Mart's issue with offer price of Rs295-299 will open on March 8 and First-Day First Show will be houseful
CDSL issue of rs1400 crore has been postponed, may come in April
SIS' Rs1000 crore issue may enter into the market in near future
IFL Enterprises' BSE SME issue to enter into the market on March 7
How will be subscription and listing in Radio City and D-Mart Issues ?
SME segment's all three issues got listed with premiums and closed on premiums
NSE SME IPO of Aksh Infra that opened last week will close on March 6
The bullish trend in the Primary Market started with beginning of Calendar Year 2017. Nifty
and Sensex have gained 8%. Sensex has crossed psychological level of 29,000, while Nifty
nearly touched 9000 points but has retreated. Therefore, primary market is all set to reap
IPOs Market is
benefit of the rosy picture in the secondary market. It will witness Housefull in March Month
rally of IPOs with more than half a dozen companies will foray in the IPOs Rs. Cr.
Music Broadcast 490
primary market. It is believed that March may become the best Avenue Supermarts 1870
CDSL 400
month in last six and a half years. Companies including Music Broad- Continental 420
cast, Avenue SuparMart, CDSL, S. Chand, Continental Warehouse, Securities &
Intelligence Services 1000
Securities & Intelligence Services (ISI), HDFC, Shankra Building HUdco 1000
Shankara Build. 600
Products are all set to raise more than Rs6,000 funds from the S. Chand 700
market in March or April. However, all depends on assembly elec- CL Educate 400
Main - line IPO (Non SME)

Sr Company Issue Open Dt. Issue size Offer price Listing Min. Lot Max. Lot Lead Manager Rating
Issue Close Dt. (Rs. Cr.) (Rs.) Recomm.
1 Music 6-3-2017 OFS 26,58,518 324 to 333 BSE 45 Shares 585 Shares ICICI Securities Limited 47 %
Broadcast 8-3-2017 Eq. Share + NSE (Rs.14985) (Rs.194805) Apply for
(Book Building) Fresh : Rs. 400 Cr. Short Term to
Medium Term
2 Avenue 8-3-2017 6,23,93,631 295 to 299 BSE 50 Shares 650 Shares Axis Cap., Edelweiss, HDFC Bk. 52 %
Supermarts 10-3-2017 Eq. Share NSE (Rs. 14950) (Rs. 194350) ICICI Securities, J. M. Financial,
Attractive
(D-Mart) (Rs. 1870 Cr.) Kotak Mah., Motilal Oswal,
(Book Building) SBI Capital
3 Continental 22-3-2017 OFS : 7,98,603 -- BSE Ambit Limited, Axis Cap., --
Warehousing 24-3-2017 Eq. Share -- NSE Edelweiss Capital, --
(Book Building) (Likely) (Rs. 418.80 Cr.) ICICI Securities
4 CDSL IPO may 3,51,67,208 115 to 135 NSE Axis Cap., Edelweiss, IDBI Cap., IPO may Open
(Book Building) Open in Eq. Share (Likely) Nomura Financial Advisory, in April
April (Rs. 400 Cr.) SBI Capital, Yes Bank
(Val. : 1400 Cr.)
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INVESTMENT
tions results of Uttar Pradesh. Consider- Grey Markets Premium
IPOs Name Offer Price Premium Kostak Price Subject to Sauda
ing liquidity in the market, the issues are (Rs.) (Rs.) Min. Appl. (Rs.) (Confirm) (Rs.)
Music 324 to 333 60 to 62 450 to 500 2100
expected to get robust response - be it Broadcast
Avenue 295 to 299 192 to 194 2400 to 2450 8500
IPO or QIPs. NSE, Go-Air, SBI LIfe In- Super Marts
surance, DM Healthcare, Hinduja Leyland CDSL 115 to 135 75 to 76 400 to 450 --
(Likely)
Fin. , IRB InvIT, Central Bank and Home Don't subscribe IPO only on the basis of Grey premium.
Before Investing check the fundamentals of IPO
Finance are also all geared up to enter For latest grey market premium please check everyday
www.smartinvestment.in
into the market with IPOs.
Allotment & Listing Process of BSE IPO
BSE entered into the market with offer Music Avenue
Broadcast SuperMarts
price of Rs806 and got listed above
Issue Closes 8-3-2017 10-3-2017
Rs1000 level and the stock even crossed Finalisation of Basis of Allotment 14-3-2017 16-3-2017
Refund / Unblocking of Fund from ASBA 15-3-2017 17-3-2017
Rs1200 level at one point of time giving Credit of Equity Shares to Demat A/c. 16-3-2017 20-3-2017
Listing on BSE / NSE 17-3-2017 21-3-2017
nearly 50% return to the investors. Due to
Music Broadcast Avenue SuperMarts
fancy in the primary market demat open- Retailers may apply Retailers may apply
Shares Amt. Shares Amt. Shares Amt. Shares Amt.
ing activities have witnessed nearly 30- 45 14985 315 104895 50 14950 350 104650
360 119880 100 29900 400 119600
40% growth. 90 29970
405 134865 150 44850
450 134550
135 44955
450 149850 500 149500
Along with issue of Avenue Super Mart 180 59940 495 164835 200 59800 550 164450
225 74925 540 179820 250 74750 600 179400
(D-Mart), the issue of Musical Broadcast 270 89910 585 194805 300 89700 650 194350
has also been announced creating sensation in the market. D-Mart IPO has been much
touted and long awaited. Meanwhile, NSE-SME issue of Aksh Infra has already opened on
February 28 will get close on March 6. IFL Enterprise's BSE-SME issue is entering into the
market on March 7. Three SME IPOs - Krishna Phoschcom, Global Education and Tanvi
Foods have got listed last week.
CDSL's IPO was expected to open on March 15, but now it has been postponed and now
may hit the market in April, says reports from Mumbai. It is believed that Securities & Intelli-
Music Broadcast Avenue SuperMarts

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INVESTMENT
gence Services (ISI) may come up with IPO next week.
This week's Main Board IPOs:- Avenue SuperMarts and Music Boradcast IPOs will hit the
bourse this week.
Musich Boradcast :- Jagran Group Promoted company is known as Radio City. It aims to
raise Rs488.53 crore fund through issuing 26,58,518 equity shares at price of Rs324-333 per
share. The issue will open on March 6 and close on March 8. IPO is creating fancy in the
market. Anchor investors like HSBC India, Nomura, Frankline, DSP BlackRoack, ICICI Pru-
dential and Reliance Capital have shown interest in the issue which may attract others. More
details are given in separate box.
* Subscription:- The issue may get 5/6 times subscription in QIB and 30/40 times in HNI.
Allotment/Refund :- Due to holiday of Dhuleti on March 13, the final allotment may take
place on March 14 and fund will be unblocked on March 15. Shares will be credited in account
on March 16.
* How andwhen will be listing :- The share may get listed on March 17 around Rs390/40
and may go up after that. It may give around 15-20% return.
Avenue SuperMarts :- Popularly known as D-Mart, the company will come up with IPO on
March 8 and subscription will close on March 10. It aims to raise Rs1780 crore fund through
offering 6,23,93,631 shares at price of Rs295-299. It is likely to be the best issue of 2017 in
terms of subscription, listing and returns.
Grey Market Movement

Volatility as D-Mart and Radio City issues dates approach nearer
Anhor investors' response increases fancy in Radio City issue
News CDSL issue delay decreases deals in it
D-Mart and Radio City witnesses subject-to deals as huge response expected
D-Mart and Radio City issues have created high volatility in the market. Music Broadcast
issue had not witnessed any fancy till last week but now the fancy has increased. Both D-
Mart and Radio City issues are witnessing Subject-to deals as huge response is expected
in these issues.
D-Mart :- The premiums were at 210 which went down to 180/185 but now are at 192/194.
Application rates have spurted from 2300 to 2400/2500. Subject to rate is Rs8500. The
issue will open on March 8 so high volatility is expected.
Music Broadcast :- Some of the D-Mart operators have become active in the issue.
Anchor investors have shown robust interest so the premiums have increased to 60/62
while application rates have touched Rs450/500. The subject to rate is Rs2100.
CDSL :- The uncertainty in the issue have brought down premiums to 75/76 and applica-
tion rates to 400/500.
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INVESTMENT
BSE SME IPO
Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size %
1. IFL 7-3-2017 16,26,000 Eq. 20 6000 Eq. Shares 32 %
Enterprise 10-3-2017 (Rs. 3.25 Cr.) (Rs. 1,20,000) Risky
NSE SME IPO

Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size %
1. Akash Infra 28-2-2017 20,40,000 Eq. 125 1000 Eq. Shares 30 %
6-3-2017 (Rs. 25.50 Cr.) (Rs. 1,25,000) High Risk -Low Return
Subscription :- It may get 4/5 times response in retails category, taking total number of
applications to 16-18 lakh. It may get 50/60 times subscription in QIB and 150+ times sub-
scription in HNI category.
Allotment-Refund :- Allotment will be finalized on March 16, fund will be unblocked on
March 17 and shares will be credited on March 20.
Listing Information of Listing :- The issue may get listed on March 21 around Rs 470/
Tanvi Foods (India)
BSE SME 540332 480 and may cross Rs500 level soon.
Listing Date 2-3-2017 * SME IPOs:-
Offer Price Rs. 60.00
Listing Price Rs. 65.00 Aksh Infra :- NSE SME IPO has opened on February 26. The
Listing Day High Rs. 65.00
Listing Day Low Rs. 60.10 company aims to raise Rs25.50 crore fund through offering 20.40
Listing Day Close Rs. 60.25 lakh shares at price of Rs125. It will close on March 6.
CMP (3-3-2017) Rs. 60.30
IFL Enterprise :- The company aims to raise Rs3.25 crore through
Listing Information of
Global Education offering 16.26 lakh shares at price of Rs20. The issue will open on
NSE SME March 7 and close on March 10. More details are given in separate
Listing Date 2-3-2017
Offer Price Rs. 150.00 box.
Listing Price Rs. 180.00
Listing Day High Rs. 180.00
* Last week's SME listings:-
Listing Day Low Rs. 180.00 Krishna Phoschem :- The issue with offer price of Rs30 that
Listing Day Close Rs. 180.00
CMP (3-3-2017) Rs. 207.25 opened on February 27 got listed at price of Rs36 and went down
Listing Information of to Rs34 before closing at Rs36. It closed at Rs35.10 on March 3.
Krishna Phoschem Global Education :- The issue with offer price of Rs150 got
NSE SME
Listing Date 27-2-2017 listed at Rs180 on March 2 and closed at same rate. It went up to
Offer Price Rs. 30.00
Rs2017.25 on Friday.
Listing Price Rs. 36.00
Listing Day High Rs. 36.00 Tanvi Foods (Code:540332) :- The issue with fixed price of
Listing Day Low Rs. 34.00
Listing Day Close Rs. 36.00 Rs60 got listed on March 2 at price of Rs65, went down to Rs60.10
CMP (3-3-2017) Rs. 35.10
and closed at 60.25. It closed at Rs60.30 on March 3.
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INVESTMENT
Music Broadcast (Radio City)
IPO Opens on March 6 & Closes on March 8, 2017
Price Band Rs. 324 to 333 ; Listing on BSE - NSE
Music Broadcast Ltd (MBL) is operating radio stations under the branch "Radio City" and has
grown its presence from 4 cities in 2001 to 37 cities as on 15th February 2017. These radio
stations include the eight "Radio Mantra Stations" transferred from SPML pursuant to the Scheme
of Arrangement and nine out of eleven New Radio City Stations. The company expects the
remaining two New Radio City Stations to be operationalised by March/ April 2017. MBL is
present in 12 out of the top 15 cities in India by population having a reach to over 49.60 million
listeners in 23 cities.
To part finance its plans of redemption/early redemption of NCDs and corpus fund needs, the
company is coming out with a maiden IPO of 15004197 equity shares of Rs. 10 each (based on
lower and upper price band) with a price band of Rs. 324-333 via book building route to mobi-
lize Rs. 486.14 - 488.53 crore based on lower and upper price band. Issue opens for subscrip-
tion on 06.03.17 and will close on 08.03.17. Minimum application is to be made for 45 shares
and in multiples thereon, thereafter.
Financial Performance :- On performance front, the company has reported turnover/net profits
of Rs. 157.27 cr. / Rs. 24.33 cr. (FY14), Rs. 207.51 cr. / 47.06 cr. (FY15) and Rs. 245.51 cr. / Rs.
42.51 cr. (FY16). For 2013 to 2016 fiscals the company has posted CAGR of 20.45%, 32.40%
and 54.09% in Total revenue, EBITDA and net profits respectively. For six months ended 30.09.16,
it has earned net profit of Rs. 29.76 cr. on a turnover of Rs. 138.21 crore. Issue is solely lead
managed by ICICI Securities Ltd and Karvy Computershare Pvt Ltd is the registrar to the issue.
Post allotment, shares will be listed on BSE and NSE.
Merchant Banker's Performance :- On merchant banker's front, in last three years it has
handled 18 public issues out of which 5 issues closed below the issue price on listing date.
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INVESTMENT
Other side of Music Broadcast
Average cost of Equity to selling shareholders is Rs. 112 & Price band is Rs. 333
Huge loss of FY 12 to be set off in FY 2017: RONW is going down
Net profit down in FY 2016; EV/EBITDA is much higher than its peers
PE of 31x & P/BV at 3.76x Seems reasonable against competitors
Investors may apply for the short to long term rewards
" Average cost of acquisition for the selling shareholders is Rs. 112.11 & Offer price
band as high as Rs. 333
" Radio broadcasting is a highly competitive business.
" Company's loss is expected to be set off in FY 17
" Loan of promoter repaid by IPO
" It has increased huge loss in 2012
" RONW is going down. In FY 2014 it was 178.52% which came down to 38.50 % in
FY 2016
" EV/EBITDA of Radio city's 21% is much higher than Big FM's 14%
" In 20161-7 there was decrease in the Net profit.
Note : Considering upper price band of Rs. 333 on annualize EPS of Rs. 10.44, the
stock is priced at a PE of 31x on post issue book value of Rs. 88.50, the P/BV comes out
to 3.76x
Recommendation : Conclusion: Radio FM sector is set for a fast forward mode and
this company with its niche play and presence in many cities set to benefit with more
liberal new policy. Investors may consider investment for short to long term rewards.
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INVESTMENT
Avenue Supermarts IPO
Opens on 8th March & Closes on 10th March
Price Band Rs. 295 to 299 ; Issue will be listed on NSE & BSE
Incorporated in 2002, Avenue Super marts Limited is Mumbai based supermarket chain D-
Mart. Company is among the largest and the most profitable F&G retailer in India. Company
offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General
Merchandise & Apparel product categories.
Company has 112 stores located across 41 cities in India. Company operate and manage all
its stores. Company also operate distribution centers and packing centers which form the back-
bone of the supply chain to support its retail store network. Company has 21 distribution centres
and six packing centres in Maharashtra, Gujarat, Telangana and Karnataka.
Issue Opens on 8th March & Closes on 10th March, Issue Size 62,393631 Eq. Shares of Rs.
10 aggregating up to Rs. 1865.57 Cr., F. Value Rs. 10 Per Equity Shares, Issue Price Rs. 295 to
299 Per Equity Shares, Market Lot : 50 Shares, Shares will be listed on BSE & NSE.
IPO Leadmanager : Axis Capital, Edelweiss Capital, HDFC Bank, ICICI Sec., JM Financial,
Kotak Mahindra, Motilal Oswal, SBN Capital
Financial Performance :- On performance front, the company has reported turnover/net profits
of Rs. 2222.40 cr. / Rs. 60.40 cr. (FY12), Rs. 3355.10 cr. / 93.85 cr. (FY13), Rs. 4702.32 Cr. / Rs.
161.37 Cr. (FY 14), Rs. 6457.68 Cr. / Rs. 211.68 Cr. (FY 15), and 8606.10 Cr. / 321.20 Cr. (FY
16). For Nine months ended 31-12-2016, it has earned net profit of Rs. 387.5 cr. on a turnover
of Rs. 8780 crore.
Marchant Banker Performance :- One Global Co-coordinator and Book Running Lead Man-
ager and eight book Running Lead Managers associated with the issue have handled 48 public
issues in the current financial year and 2 financial years preceding the current financial year,
Out of Which 13 issues closed below the issue price on listing date.
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INVESTMENT
Other side of Avenue Super Marts
The average equity cost to the promoter is Rs. 10 & Other trusts is Rs. 3.33
Mr. Damani or Other family members doesn't have executive role
Company's margins are very thin at 4.4%; focus on limited states
Asking price is at a PE of 36x & P/BV comes out to 4.78%
Looking to the strong fundamental & Brand one can apply blindly in this IPO
" The Cost of acquisition for equity shares to the main promoters is Rs. 10 & Promoters
Trust is only Rs. 3.33 and offer price is high at Rs. 299.
" Company is founded by Mr. R. K. Damani & his holding is more than 80%. He was
active till 2011, then he handed over to professionals Also, Other family members
doesn't have executive role in the company. They are likely ordinary share holders.
" Company's margins are very thin at 4.4% (profit after tax). Most of business comes
from low margin food business - which is 53.8 % of total revenue.
" Its majority stores are in Maharashtra & Gujarat.
" Retail Business is manpower intensive.
Note : Post issue the stock is priced at a PE of 36x on its EPS of Rs. 8.39 & Post issue
book rates of Rs. 62 the P/BV comes out to 4.78%
Recommendation : The fundamental of the company is strong. Debt/Equity ratio stands

at 0.07 times. Revenue grew at 40% CAGR in the last 5 Years. Considering strong brand
one can apply blindly in this IPO for at least 40 % to 50 % Listing gain.
SMART
INVESTMENT
IFL Enterprise IPO Opens on March 7 & Closes on March 10, 2017
Offer price fixed at Rs. 20/- ; Listing on BSE-SME Platform
Considering higher pricing, only risk savvy investors may apply
IFL Incorporated in 2009, IFL Enterprises Ltd, a subsidiary of India Finsec Ltd is engaged in
the business of corporate advisory, debt syndication, and execution services with a focus on
small and medium enterprises in corporate and non-corporate sectors in India. They are also
involved in the business of trading in textile products primarily fabrics.
They have obtained Direct Selling Agency of PNB Housing Finance, Tata Capital Housing
Finance Ltd, and IDFC Bank. Also they are in process of obtaining DSA for ICICI Bank, Axis
bank, IDBI Bank and India Bulls. They operate as a trader in textile products, primarily fabrics.
IFL act as an intermediary between buyer and seller buying goods on cash basis and providing
credit to cash-strapped businessmen in this field.
To repayment of unsecured loan from NBFC and general corpus funding requirement, the
company is coming out with a maiden IPO of 16,26,000 equity share of Rs. 10 each at a fixed
price of Rs. 20 per share to mobilize Rs. 3.25 crore. Issue opens for subscription on 07.03.17
and will close on 10.03.17. Minimum application is to be made for 6000 shares and in multiples
thereon, thereafter. Post allotment, shares will be listed on BSE SME Emerge platform. Issue is
solely lead managed by Aryaman Fin. Services and Skyline Fin. Services is the registrar to the
issue.
On performance front, the company has posted turnover/net profits of Rs. 8.26 Lakh / Rs.
0.02 Lakh (FY 14), Rs. 7.95 Lakh / Rs. 0.04 Lakh (FY 15), and Rs. 39.22 Lakh / Rs. 12.94 Lakh
(FY 16). For six months ended 30.09.16 of the current fiscal it has posted net profit of Rs. 9.32
Lakh on a turnover of Rs. 185.77 crore. If we annualize this and attribute to the fully diluted
equity post issue then asking price is at a P/E of around 18.06 plus against peers trading above
10 P/E based on last traded price on the basis of December 2016 ending results. P/BV ratio is
reasonable.
Recommendation : Considering the higher pricing, Only risk savvy investors may consider
for High Risk - Low Return
SMART
INVESTMENT
Smart Best Buy S. N. Zaveri
Supreme Industries : Strong balanace Sheet, Strong business

Cholamandalam Investment : Invest in this NBFC counter
Warmer Summer will make Symphony more attractive
CCL Products : Robust Growth
Sanofi India: Better prescription in pharma space
Supreme Industries (Rs. 994.00) (Code : 509930) (F. V. : 2.00) :- Plastic
products maker Supreme Industries has reported a rise of 20.15 percent in consolidated net profit at Rs
100.80 crore for the third quarter ended December 31, 2016. The company had posted a net profit of Rs
83.89 crore in the October-December period a year ago. Supreme Industries' total income during the quar-
ter under review was up 11.55 percent at Rs 1,107.82 crore as against Rs 993.09 crore in the correspond-
ing quarter last fiscal. Its total expenses also rose by 10.33 percent to Rs 961.32 crore as compared with
Rs 871.25 crore a year ago. Given consistency of growth (15% p.a.), sustainable margin trajectory, strong
RoCE focus (25%-30%), strong FCF generation leading to debt-free status by FY19, and strong dividend
payout the stock will outperform the market.. 24x FY18E EPS (20x earlier) seems reasonable given peers
in building/housing materials segment trade 25x for similar growth and return metrics. Despite demonetisation,
the company has performed well. Buy in phased manner.
Cholamandalam Investment (Rs. 962.00) (Code : 511243) (F. V. : 10.00)
:- Cholamandalam Investment and Finance Company has reported 12 percent increase in consolidated
net profit at Rs 163 crore for the third quarter of 2016-17 financial year. The company had reported a net
profit of Rs 148 crore in the October-December quarter of the previous fiscal. Total income has increased
to Rs 1184 crore against Rs 1060. Disbursements rose by 3 year-on-year to Rs 4,373 crore during Octo-
ber-December period of 2016-17. It disbursed Rs 3,491 crore for vehicle financing, up from Rs 3,245
crore.This was possible on account of steady growth in heavy commercial vehicle volumes, and in car/
MUV segment during October 2016. Home equity disbursements were at Rs 619 crore. Gross non-per-
forming asset (GNPA) level of 3.8 percent at 4 months' overdue, which is slightly higher than the GNPA at
the end of September 2016 (3.5 percent). The stock has been outperformer. The stock has jumped almost
20 per cent in less than three months. Still, it looks attractive at current price of around Rs.960. Buy.
Symphony (Rs. 1295.00) (Code : 517385) (F. V. : 2.00) :- Air cooler maker
Symphony has posted net profit of Rs.56 crore for the quarter ended December 2016, up 17 per cent
against Rs.48 crore in the corresponding quarter 2015-16.Company's net sales for the third quarter of the
fiscal 2016-17 stood at Rs.180 crore up 11 per cent as against net sales of Rs.162 crore. EBITDA margin
on gross revenue for the third quarter stood at 41.18 per cent and EPS stood at Rs 8.01.The Board of
Directors has declared third interim dividend of 50 per cent or Rs.1 per equity share of Rs 2 each amounting
to Rs. 8.42 lakh including dividend distribution tax. For the nine months period April-December 2016, the
company reported a net profit of Rs.126 crore against net profit of Rs.99 crore for the corresponding period
last year, up 28 per cent. Net sales for the nine-month period increased by 25 per cent at Rs.482 crore as
compared to Rs.387 crore in the nine-month ended December 2015. As there has been forecast that this
summer will be warmer than last year, the demand for air coolers will increase. Also, the company is ready
to launch some new models which might increase its selling. Symphony is one of the best performer in last
five years, last ten years. Buy.
CCL Products (Rs. 353.00) (Code : 519600) (F. V. : 2.00) :- CL Products is
Indias largest exporter of bulk instant coffee with a combined capacity of 35000 tons per annum (TPA) from
its facilities across India, Vietnam and Switzerland. The company had commissioned its Vietnam facility in
FY14 with installed capacity of 10000 TPA expandable up to 20000 TPA. On the back of capacity utilisation
level from Vietnam facility crossing 70% in FY16, CCL witnessed robust growth of 29.9% YoY in earnings
SMART
INVESTMENT
to | 122.1 crore despite 4.6% YoY growth in net sales to | 921.3 crore. We believe the company would
expand capacity in its Vietnam facility to 20000 tons in the next two to three years owing to its favourable
location advantage and relaxed duty & tax structure. We expect healthy 14.5%, 14.2% CAGR in sales,
earnings, respectively, in FY16-18E as we roll over our estimates to FY18E.
Sanofi India (Rs. 4300.00) (Code : 500674) (F. V. : 10.00) :- Sanofi India is one
of the leading pharma multinational which has strong brands like Combiflam, vaccines and diabetes portfo-
lio. While the drug price control impacted the companys performance in the early part of CY2016 (follows
January-December accounting year), note ban weighed on its December quarter numbers. These have led
to its stock price remaining under pressure. But, as the impact fades out, analysts expect the company to
report a strong rebound in revenue, profitability and thereby stock price. Thats why they are now bullish on
Sanofi. The launch of new anti-diabetic products and line extensions are likely to drive future growth. Mean-
while, the swap of the consumer healthcare business of Boehringer Ingelheim and Sanofis animal health
business will facilitate both companies to pursue their respective strategic aspirations.The stock is in con-
solidation mode. Buy in phased manne for longer term perspective.
(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
3rd March 2017 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 or Sell, Confused ?

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SMART
INVESTMENT
Dalal Street Whispers - Dilip K. Shah
NHPC (Rs. 29.00) (Code: 533098) :- This PSU has announced buyback of more than 81 crore
equity shares at Rs. 32.25 for a total of Rs. 2,616 crores. Current can be seen in the stock ahead of
the buyback.
Apollo Tyres (Rs. 183.00) (Code: 500877) :- Tyre companies are benefiting from the 30% file
in natural rubber prices in international markets. Tyre companies have reduced prices by 8-10%.
La-Opala RG (Rs. 532.00) (Code: 526947) :- This houseware production company exports its
products to 35 countries. Operating profit has gone up by 35%, while debt has been declining. Its
products are extremely popular gifts during festivals.
Monnet Ispat (Rs. 35.00) (Code: 513446) :- Sajjan Jindal led JSW Steel has offered to buy
controlling stake in Monnet Ispat through strategic debt restructuring route. Such a deal would
benefit both companies.
Sail (Rs. 62.00) (Code: 500113) :- Performance of steel companies has improved. China's de-
cision to curb steel production is particularly benefiting Indian companies. In February, Sail re-
ported exports of 1.03 lakh tonnes, which was the highest in ten years. Company is expanding its
plate mill capacity.
Ruchi Soya (Rs. 27.00) (Code: 500368) :- Ruchi Soya has expanded its partnership with
Patanjali Ayurved by including processing and packaging of edible oils at its MP and Gujarat
plants. The tie-up will enable the company utilise idle capacity.
Nalco (Rs. 78.00) (Code: 532234) :- Aluminium prices have shot up in international markets.
Company plans to increase cast metal production by 12%. It reported 17% increase in bauxite
production for February.
Balrampur Chini (Rs. 153.00) (Code: 500038) :- Sugar production has fallen by 19% in 2016-
17 due to lower sugarcane production in Maharashtra and Karnataka. Sugar prices have gone up
as a result, which will benefit sugar companies.
Amtek Auto (Rs. 36.00) (Code: 520077) :- The promoters of this debt-ridden company have
announced issue of 117.50 crore worth of shares on a preferential basis. This has pushed the
stock in the green zone.
Prism Cement (Rs. 97.00) (Code: 500338) :- Prism Cement has secured supply of 18,300
tonnes per annum of coal from Southern Eastern Coalfields, securing part fuel requirement for the
next five years.
Pricol (Rs. 91.00) (Code: 526109) :- The Pune plant of this auto equipment manufacturer is set
to become operational. The share is trading at a much lower PE multiple as compared to its peers.
Subex (Rs. 10.00) (Code: 532348) :- This company is expected to bag a large number of orders
from overseas.
Gokaldas Exports (Rs. 60.00) (Code: 532630) :- Shares of textile and garment exporters are in
focus from some time, but shares of this company haven't taken part in the rally. The risk reward
ratio looks favourable.
Bhushan Steel (Rs. 58.00) (Code: 500055) :- This company is benefiting from levy of anti-
dumping duty on certain Chinese imports. It is believed that Bhushan Steel is on the radar of a
large steel company and it can become a takeover target any time.
SMART
INVESTMENT
High Risk High Return Shares - Dilip K. Shah
Manpasand Beverages (Rs. 735.00) (Code: 539207) :- The shares of this Vadodara-based fruit juice
manufacturer have been moving northwards since its IPO. The company has recently tied up with IRCTC
for its e-catering services. The railway ministry has recently banned sale of cold drinks on 300 railway
stations, which will boost sale of fruit juices.
ONGC (Rs. 193.00) (Code: 500312) :- The central government has come to the rescue of oil producers
ONGC and Oil India as far as payment of royalty of Rs. 22,000 crores to Gujarat and Assam is concerned.
The central government has agreed to pay the money to the states, which is a big relief and positive for the
stock.
Tata Steel (Rs. 495.00) (Code: 500470) :- The shares of this largest private sector steel company in
India touched a 30-month high of Rs. 500. Analysts expect the company's core profit to remain at Rs.
11,000 per tonne for two years. The problems in UK are also expected to be resolved soon.
Lincoln Pharma (Rs. 238.00) (Code: 531633) :- Both the trading volumes and price of the shares of
this Ahmedabad-based pharma company have gone up. The stock is turning to be a circuit breaker in
anticipation of some positive announcement by the company.
V-Guard (Rs. 234.00) (Code: 532953) :- The company had announced bonus in the ratio of 2:5. A lot of
big movements can be seen as the company has fixed March 16 as the record date for the bonus.
Tata Sponge (Rs. 682.00) (Code: 513010) :- The company is in focus after HSBC Global Investor
Fund acquired 1.45 lakh shares.
Unichem Labs (Rs. 257.00) (Code: 506690) :- The Gujarat-based pharma company reported better
than expected profit of Rs. 26.11 crores for December quarter. Fund managers are said to be bullish on the
stock.
Majesco (Rs. 376.00) (Code: 539289) :- Trading volumes have gone up after Majesco's USA subsid-
iary launched two new products.
Wipro (Rs. 492.00) (Code: 507685) :- Like TCS, Wipro too is likely to announce a share buyback. The
company could use 25-30% of its cash holdings for the buyback.
Symphony (Rs. 1,295.00) (Code: 517385) :- There is action in the counter with the onset of summer.
This air cooler company is set to announce new models in the coming days. Its sales are expected to soar
as temperature rises.
Jagran Prakashan (Rs. 190.00) (Code: 532705) :-The IPO of this media company's subsidiary Music
Broadcast Radio City will open on March 6. The IPO will enable it unlock significant value in the subsidiary.
Prabhat Dairy (Rs. 130.00) (Code: 539351) :- The stock was on investor radar after promoters hiked
their stake. The hike in milk prices by Amul will benefit this company. Positive impact can also be seen on
Kwality shares.
Manappuram Finance (Rs. 99.00) (Code: 531213) :- Delivery-based trades have surged in the last
three days. The gold loan provider 's net profit for December quarter doubled. Nirmal Bang has recom-
mended a 'Buy' with a target price of Rs. 140.
Cybertech Systems (Rs. 81.00) (Code: 532173) :- The company benefited the most from demonetisation.
The net profit for the third quarter surged by more than five times. The stock is attractively priced.
BEML (Rs. 1,300.00) (Code: 500048) :- BEML and Reliance Defence are seen as the biggest benefi-
ciaries of the government's plan to allow 100% FDI in defence.
SMART
INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
stockmarket@ganeshaspeaks.com
Sensex Predictions : Dt. 6th March to 10th March
06-10-2017 Monday :- The Sun, Mercury and Ketu are still in conjunction.
Today, the period from opening to 9.45 will be positive. Between 9.45 to11.25,
Nifty shall remain within the consolidation area. As per the weightage mentioned
in the bracket, you can understand that you must only do jobbing. Many ups and
downs are foreseen during this period.
07-10-2017 Tuesday :- " You will surely get confused today, as the Moon is
still posited in Rahu's Constellation. " The market will open on the up side, and
then till 11.30 remain on the down side. " Between 11.30 to 12.00 a sudden jump
is expected. But, it is difficult to foretell the number of points. " From 12.00 to13.30
overall, Nifty may go down. " Between 13.30 to 14.00 another bounce is expected
by Ganesha. " From 14.00 to 15.30 Nifty may not get the planetary support. Hence,
take your position accordingly.
08-03-2017 Wednesday :- " It will be better to trade as per your delivery capac-
ity today. " Around opening sell Nifty, and around 11.00 square-off slightly. " Dur-
ing the period hereafter, do stock-based trading, as Nifty may remain unstable. "
Make sure you deal with a stoploss today. " The trend may change after every 20
minutes. Hence, set your limits while trading on the up and down side, so as to
enter-exit immediately.
09-03-2017 Thursday :- " Today the Moon is Swagruhi, which is good for your
personal horoscope. " The period between 9.15 to 11.15 is favourable for Intraday
traders. Wherein, there is scope for jobbing, and you will earn a good profit on
both the sides. " Around 11.15 enter on the up side, and till 13.13 expect a down
trend. Prepare yourself accordingly to take a perfect position. " Between 13.13 to
13.55, you will witness the positive effects of the European market. " From 13.55
till the closing bell, expect a terrific tug of war, wherein the soft side is likely to win.
10-03-2017 Friday :- " The next 3 consecutive days will be a holiday, as the
market will remain closed on 13-3-2017 on account of Holi (2nd day)/Dhuleti. "
Today, the first 15 minutes will be positive. " From 9.30 to 14.00 expect a mixed
trend. Hence, don't assume anything and avoid taking a position based on other's
advice, as your money is at stake. " From 14.00 to 15.00 profit booking is fore-
seen at Nifty. " During the last 30 minutes, short covering is expected by Ganesha.
But, this is predicted a week ago. Thus, it is difficult to foretell the number of
points.
SMART
INVESTMENT
Lt Col Ajay
Astromoneyguru says 09414056705, 9887056704
Stock market may change mood

As per Col Ajay CEO Www.astromoneyguru.com, Second week of March 2017 is represented
by planet known as Sun and year 2017 is represented by Sun.
During the week Sun is with Ketu and Mercury aspect by Saturn. As per Astro economics
this combination may lead highest volatility in global equity market
Previous week Indian and global equity market has shown great upward movement , Metal,
oil & gas, Banking , Infra and Telecommunication stocks have seen great upward movement .
Now as per Ajay market theory Profit booking expected in banking, automobile, Infra stocks
Indian stock market
This week Varashab, Kanya and Makar Rashi need to alert since Planets are not very posi-
tive for them in trading in stock and commodity market
The above prediction is made base on financial astrology. Risk management is mandatory
requirement in Trading in stock and commodities.
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Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
27-2-17 High (%) 27-2-17 High (%)
HDIL 68.5 71 3.6 Jyothy Labs. 374 378 1.1
Sun Pharma 676 701 3.7 Finolex Cables 442 448 1.4
Jamna Auto 210 219 4.3 Kotak Bank 810 828 2.2
Markson 49 52 6.1 Sun Pharma 673 701 4.2
Biopac 19 20 5.3 Bharti Infra 298 302 1.3
Madhucon 45 49 8.9 Vivimed Labs. 104 109 4.8
MBL 49 50 2 Reliance Ind. 1182 1287 8.9
Donear 71 79 11.3 Karnataka Bank 129 143 10.9
Visaka Industries 229 245 7 Singer India 200 205 2.5
Balkrishna Ind. 1219 1398 14.7 R.Systems 57 61 7
OFSS 3702 3777 2 Crompton Greaves 67.55 70 3.6
Orient Carbon 862 945 9.6 TVS Motors Cos. 433 442 2.1
Shameroo Ent. 408 420 2.9 J. Kumar Infraprojects 223 228 2.2
TCS 2481 2510 1.2 Edelweiss Fin. 136 148 8.8
Wipro 485 495 2.1 NCC Ltd. 81.8 84 2.7
CEAT 1157 1204 4.1 GOCL Corporation 346 355 2.6
Minda Industries 394 452 14.7 India Cement 166 171 3
Jagran Prkashan 184 191 3.8 Laxmi Vilas Bank 156 166 6.4
Wockhardt 708 773 9.2 AVT Natural 37 39 5.4
Infosys 1009 1027 1.8 Grauer & Well 37 40 8.1
Natco Pharma 810 830 2.5 JSPL 116 129 11.2
Ujjivan Fin. 433 458 5.8 Ugar Sugar 34 36 5.9
NGL Fin-Chem 343 394 14.9 L & T Fin. 116 118 1.7
Fortis HC 195.65 198 1.2 Vijaya Bank 65 73 12.3
Karuru Vysya Bank 99 103 4 Adani Power 38 39 2.6
Gateway Dist. 252 256 1.6 Shivalik Bimetal 56 60 7.1
Granules India 128 136 6.3 Arcidply 68 78 14.7
Vimta Labs. 107 119 11.2 Amtek Auto 37.85 40 5.7
Voltas 356 382 7.3 Lahoti Overseas 21.8 27 23.9
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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 (%) Rate (Rs.) Rate (%)
8th Jan-16 ASM TECHNO 195 230-300 220 13% 12th Aug 16 IOL CHEM 137 175-275 156 14%
5th Feb-16 SWISS GLASS 118 150 227 92% 18th Aug 16 SAMBANDAM SPI 113 130-140 143 27%
19th Feb-16 ELEGANT MARBLE 95 125 164 73% 31st Aug 16 IDFC 58.25 70 71.3 22%
3rd March-16 SHIVALIK BI 22 27-35 60.9 177% 8th Sep 16 IRB INFRA 242 270-285 266.4 10%
8th March-16 SUDARSHAN CHE 86 115 455 429% 8th Sep 16 TALBROS ENG 238 255-260 359 51%
21st March-16 J K TYRE 83 105-135 161.4 94% 16th Sep 16 NOCIL 68 85 86.85 28%
21st March-16 NHPC 21.85 27-32 31.7 45% 21st Sep 16 CONART ENG 40 48 58 45%
29th March-16 LLOYD ELE 235 300 340 45% 23rd Sep 16 KEI IND 120.5 140-170 186.8 55%
5th April-16 ELECON ENG 59 75 74 25% 29th Sep 16 DYNAMIC IND 60 70-75 82.9 38%
5th April-16 MAN IND 68 85 75 10% 29th Sep 16 GSFC 77 101 124.8 62%
8th April-16 SURYALAKSHMI Cot. 112 130-175 165.5 48% 5th Oct 16 MAGMA FIN 116 140 125.65 8%
8th April-16 SUBEX 10.1 13.75-16.5 14.25 41% 19th Oct 16 JINDAL POLY 429 460-490 447 4%
13th April-16 CAREER POINT 118 135-175 142 20% 25th Oct 16 A2Z INFRA 40.75 50 51.45 26%
13th April-16 KLRF 58 75-110 70 21% 30th Oct 16 JENBRUKT PHARMA 482 700 572.5 19%
26th April-16 BENGAL TEA 50 60-65 63.5 27% 30th Oct 16 ADVANCED ENZ 2125 2700 2375.5 12%
29th April-16 WALCHAND PEOPLE 106 145 212 100% 2nd Dec 16 MRPL 100 119-138-149 116 16%
3rd May-16 IOL CHEM 103 150-250 156 51% 9th Dec 16 SONATA SOFT 164 195 224 37%
5th May-16 INDIGO 1075 1200 1095 2% 16th Dec 16 INDIA GLYCOL 137 180-200 176.35 29%
6th May-16 PPAP AUTO 144 175-200 224.35 56% 30th Dec 16 MADHAV MARBLE 59 64-66 72.7 23%
13th May-16 HP COTTON 53 75 58 9% 30th Dec 16 ORIENT BEVERAGES 160 170-172 179 12%
16th May-16 GANDHI SPE TUBE 235 300 353.5 50% 4th Jan 17 RAIN IND 56.5 70 99.8 77%
16th May-16 BAJAJ ELE 233 265 282 21% 5th Jan 17 MAGNGALORE CHEM 48.2 55-60 59.9 24%
19th May-16 ITD CEMENT 127 175 176 39% 6th Jan 17 INDO RAMA 34.25 36-37 38.55 13%
27th May-16 KUSHAL TRADE 145 175-225 611.1 321% 11th Jan 17 TRIDENT 62.5 75-100 74.8 20%
3rd June-16 J M FIN 47 56-59-65 90.9 93% 13th Jan 17 PITTI LAMINATIONS 60 63-65 69.85 16%
9th June-16 BAJAJ ELE 232 300 282 22% 20th Jan 17 SUPER CROP SAFE 136 225 155 14%
20th June-16 GAEL 58 75-85 119.7 106% 2nd Feb 17 SUBEX 10.6 13-14 12.35 17%
24th June-16 IOL CHEM 136 175-275 156 15% 6th Feb 17 BGR ENERGY 138.5 175 155.45 12%
1st July 16 IL&FS TRANS 78.5 95-105 124.8 59% 6th Feb 17 LAURUS LAB 538 625 585 9%
7th Junly 16 NETWORK18 45.5 64-71 49.25 8% 14th Feb 17 ATLANTA 83 105 91 10%
15th July 16 SARDA ENERGY 141 180-200 296.2 110% 16th Feb 17 PITTI LAMINATIONS 62 72-75 69.85 13%
22nd July 16 AARTI IND 553 620-625 817.6 48% 16th Feb 17 EON ELECTRIC 63.5 85-90 71.15 12%
28th July 16 MAGMA FIN 106 135-140 125.65 19% 28th Feb 17 KWALITY 157 175-185 163.8 4%
3rd Aug 16 GARWARE WALL 453 535-540 706 56% 1st March-17 SPARC 339 370-385 353.65 4%
5th Aug 16 ION EXCHANGE 327 445-450 383.9 17% 2nd March-17 KOPRAN 71 83-95 76.35 8%

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GAMC No. :1703/2015-17. Issued by SSP Ahd. Valid up to 31-12-2017

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FII Activity (Rs. Cr.)

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Last Recommendation Review

VLS FINANCE LTD

Varun Beverages Limited (Rs.375) : Empty Bottles!

Idea Cellular Limited (Rs.74):Unclear Signal!

Nifty is in crucial range (8860-8939)

Disclaimer : the view written is purely for educational purpose .

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

MINOR PAUSE @ 9000

This Weeks Recommendations

:::: INDEX LEVELS ::::

Dalmia Bharat (Rs1870.00) (Code:533309) :- It is one of the leading cement manu-

A worthwhile look at SME IPOs

English & Gujarati Edition Gujarati Edition

Advanced Enzyme (Rs. 1712.00) (Code : 540025) (F. V. : 10.00) :- Ad-

SEBI Registered Research Analyst)

Atlanta (Rs.82.00) (Code: 532759) :- The infrastructure segment company has

Grindwell Norton (Rs.337.00) (Code:506076) :- As against equity of Rs27.96

Orient Carbon and Chemicals (Rs.913.00) (Code: 506579) :- The company's

Its GDP game !

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

Some mind-blowing recommendations

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PERIOD : 6-3-2017 to 10-3-2017

NIFTY FO RANGE @ 8860 TO 9009 POINT IN SHORT TERM!!!

Main - line IPO (Non SME)

Music Broadcast Avenue SuperMarts

Grey Market Movement

NSE SME IPO

and in multiples thereon, thereafter.

Post allotment, shares will be listed on BSE and NSE.

" Radio broadcasting is a highly competitive business.

" Company's loss is expected to be set off in FY 17

" Loan of promoter repaid by IPO

" It has increased huge loss in 2012

" In 20161-7 there was decrease in the Net profit.

of Rs. 8780 crore.

Mr. Damani or Other family members doesn't have executive role

Company's margins are very thin at 4.4%; focus on limited states

Asking price is at a PE of 36x & P/BV comes out to 4.78%

" Its majority stores are in Maharashtra & Gujarat.

" Retail Business is manpower intensive.

Recommendation : The fundamental of the company is strong. Debt/Equity ratio stands

Supreme Industries : Strong balanace Sheet, Strong business

Buy or Sell, Confused ?

Sensex Predictions : Dt. 6th March to 10th March

Stock market may change mood

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