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Technical Trading Trends - Parag Salot : M. : 91-9930011789

(SEBI Registered Research Analyst) Dark Horse
Nifty Overview : In Last Trad- Last Recommendation Review Hindustan Tinworks SUPERHOUSE LTD
ing Session, Nifty closed at 10516. Scrip Name BSE Buy/ Enter Did High/ Remark (530315) (68.45) (523283 & NSE) (141)
Markets moved a good bit up and Code Sell at Low
down. Now Nifty resistance is at (FACE VALUE RS.10) (Face Value Rs.10)
CAPF 532938 Buy 480 544 Target Achieved
10768. Only closing above 10768 will IDFC Bank 539437 Buy 36 39.65 Almost 1st Target Particular Six Month End. Particular Three Month End.
make Nifty Positive but still have to STAR 532531 Buy 455 473 Target Achieved H1FY19 H1FY18 % Var. Q2FY19 Q2FY18 % Var.
remain cautious. For now one can sell Tata Motors 500570 Buy 179 188 Target Achieved Sales 179.4 168.58 6 S a l e s 154.11 135.26 14
Nifty at rise with SL 10800. As next Wockhard 532300 Buy 509 555 Target Achieved
week is expiry, we have given limited PBT 7.64 5.51 39 PBT 10.48 1.51 594
Bata India 500043 Sell 1016 953 Target Achieved
trade calls. PAT 4.65 3.40 37 PAT 6.8 0.81 740
ICICI Bank 532174 Sell 374 352 Target Achieved
Bank Nifty Overview : In Last EPS 4.54 3.26 39 EPS 6.17 0.74 734
Trading Session, Bank Nifty closed at Trading Buy Incorporated in 1958, New Delhi Incorporated in 1980, Kanpur
25998. Bank Nifty resistance is at Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss based Hindustan tin works ltd is one based Superhouse Limited manufac-
26332 levels and close above that
Indian Bank 532814 225 218/220 230 240 210 of the leading manufacturer and ex- tures and sells finished leathers,
would make it positive. Bank Nifty sup-
MCX 534091 699 710 720 730 699 porter of high performance can, leather goods, and textile garments
port is at 25500 levels.
Note : All calls are momentum calls based on tech- Tata Motors 500570 182 175/180 190 210 160 printed sheets and related compo- in India. The company operates
nical analysis and all levels as per future prices (If scrip nents to consumer marketing com- through Leather and Leather Prod-
not available in futures then BSE Cash price). All these
calls are given based on daily charts but intra-day signals
Trading Sell panies in India and abroad. ucts, and Textile Garments
are equally important to enter the trade in a timely man- Scrip Name BSE Last Enter at 1st 2nd Stop (Cont. on P. No. 6) (Cont. on P. No. 6)
ner. Timing is very important and we at shareinfoline.com
give you timely calls based on intra-day charts. Read
Code Close Between Tgt. Tgt. Loss
Disclaimer at ShareInfoline.com Pidilite Ind 500331 1150 1215/1225 1200 1180 1245

R-ZONE PREVAILS; PULL-BACK ENDS Co. Name

Oricon Enter
FACT
Code
513121
590024
Price
33.50
37.00
Co. Name
Indian Hume
Zee Enter.
Code
504741
505537
Price
318.00
458.00

200 DMA TESTED, BUT NOT CROSSED

The market reacted as per ex- dicted last week, the Nifty tested the
Kamat Hotels
NCC
MRPL
526668
500294
500109
43.65
87.00
74.00
BEML
Mahangar Gas
Reliance Ind.
500048
539957
500325
751.00
858.00
1102.00
pectations, as the indices tested but
failed to cross the hurdle provided
Market Scan 50 WeeksMA but could not close
above that and hence the resultant
Adani Gas
Indian Hotels
542066
500850
111.00
138.00
Vinati Org.
Glenmark
524200
532296
1478.00
637.00
by the strong Resistance zone of Jatin Sanghavi downward move indicates a slide
Pennar Ind. 513228 37.80 Cheviot Co. 526817 725.00
Bearish Gap between 10754-10843 (Mumbai) once again towards the Support of
100 WeeksMA. Nifty close below Shivalik Bimetal 513097 90.00 Dr. Reddy’s 500124 2607.00
along with the long term average of (M) 098205 26455
10401 for next week, will signal a Indico Rem. 532612 206.00 Asian Paints 500820 1322.00
200dma (10745). Thus the market E-mail :
c ontinues to move in a Trading Bearis h break of 20 MonthsMA Concor 531344 672.00 Britannia 500825 5997.00
jatinsanghavi100@yahoo.com which has not been breached since Coromandal Int. 506395 405.00 L&T 500510 1409.00
Range between lower boundary of
Adani Ports 532921 368.00 Dalmia Bharat 533309 2388.00
Nifty 10000 to the upper boundary
of Nifty 10800. At the upper end of
:::: INDEX LEVELS ::::
the Trading Range, Nifty has formed S3 S2 S1 Close R1 R2 R3
Three Black Crows pattern which not NIFTY 10227 10341 10440 10526 10645 10774 10866
only indicates a price reversal but
SENSEX 33723 34225 34563 34981 35333 35605 35993
also a Trend Reversal.
50 WEEKSMA - A
This Weeks Recommendations STRONG RESISTANCE :-
Rec. Name CMP SL TGT-1 TGT-2
The current Nifty movement is
Sell NiiTTech 1056 1075 1027 997 defined by the weekly moving
Sell CoaLIndia 257 262 249 241 averages viz. the Support of
Sell JSW SteeL 320 327 308 295 100 WeeksMA (10124) and the
Sell Vedanta 200 205 192 184 Res is tance prov ided by 50
Sell Hindalco 218 223 210 201 Weeks MA (10729). As pre-
June 2016.
TECHNICALLY SPEAKING :-

BULLISH INDIA Sensex opened the week at 35647,

made a high of 35818, low of 34937

BULLISHINDIA.COM
(India’s Favourite Stock Market Research House)
and closed the week at 34981. Thus
it closed the week with a loss

(Finally, Some Good News for Investors/Traders) (Cont. on P. No. 6)

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 Financial Weekly

2 25th Nov. to 1st Dec. 2018

SMART
INVESTMENT
Rapid Fire Stocks - Kalpna J For Next Week NIFTY has Investment Ideas
(Email- Kjtech79@gmail.com) (Ring : 97690 37711) Twitter : @Kj_TechTrades
Strong support around 10440 levels telegram.me/rupeegains7
L & T (Rs. 1409.00) NIFTY :- For next week NIFTY has strong support around 10440 levels. Break will take it to 10350 levels. On
the upper side NIFTY will face strong hurdle at 10605 levels, cross over with volume and close above will create
Targets - 1590 - 1650 , Time - 6 to 24 Months, SL - 1320 short covering at take NIFTY up to 10670-10740 levels…
India’s largest E&C company with interests in Projects, Infrastructure BANK NIFTY :- For next week BANK NIFTY has strong support around 25805-25725 levels. Break will take
Development, Manufacturing, IT & Financial Services
it to 25500 levels. On the upper side BANK NIFTY will face strong hurdle at 26200 levels, cross over with volume
Larsen & Toubro Limited, commonly known as L&T, is the largest Indian
and close above will create short covering at take BANK NIFTY up to 26380-26500 levels…
multi-national firm headquartered in Mumbai, Maharashtra, India. It was
founded by two Danish engineers taking refuge in India.
Larsen & Toubro Limited (‘Larsen & Toubro’ or ‘L&T’) is a USD 17 billion
technology, engineering, construction, projects, manufacturing and finan-
:- INVESTMENT IDEAS -:
RELIANCE CHEMOTEX IN- cycles and scooters, three and 45.66% higher sales of
cial services conglomerate, with global operations. It addresses critical four wheeler passenger and
DUSTRIES LTD (503162) (94.6) Rs.82.88crore fetching an EPS
needs in key sectors – infrastructure, construction, defence, hydrocarbon,
(Face Value Rs.10) :- Stock has cargo vehicles, agricultural ma- of Rs.4.29. At CMP stock is trad-
heavy engineering, power, shipbuilding, aerospace, electrical & automation,
given bullish break out on daily chinery, tractors, ATVs, light and ing at PE ratio of just 6.5. Its 52
mining and metallurgy. L&T’s integrated capabilities span the spectrum of
‘design to deliver’ solutions. Over seven decades of a strong, customer- chart with volume. Something is heavy commercial vehicles, etc. week high rate is Rs.88.5 which
focused approach and a sharp focus on world-class quality have enabled it cooking in this counter. Every- It also exports its products. was formed on 28th December
to maintain a leadership position in its major lines of business. one, whose financial advisor is It has an equity base of just 2017. Stock almost corrected
The Company has manufacturing facilities and offices in several coun- allowing to trade in this stock for Rs.9.93crore that is supported by 30% from 52 week high. Every-
tries, and a global supply chain. It delivers landmark projects and products, short term trading can watch with reserves of around one, whose financial advisor is
helping clients in 30 countries to create long-term progress and economic a stop loss of Rs.93. Rs.44.74crore. The Promoters allowing to trade in this stock for
growth. Characterised by professionalism, high standards of corporate gov- RACL GEARTECH LTD hold 49.63% while the investing medium to long term can watch
ernance and sustainability, L&T continues to evolve, seeking better ways of (520073) (62.8) (Face Value public holds 50.37% stake in the with a stop loss of Rs.52.
engineering to meet emerging challenges. Rs.10) :- Incorporated in 1983, company. Promoters have in- Disclosures: At the time of writing this
Highlights creased their stake by 1.16% in
article, author, his clients & dependent family
Delhi based RACL Geartech members may have positions in the stocks men-
• Currently executing metro projects across 10 cities in India – as well as
Limited manufactures and sells Sep Qtr which is positive sign. tioned above. The author, his firm, his clients or
major portions of the Riyadh and Doha Metros any of his dependent family members may make
automotive components to OEMs Company has reported fan-
• Development of India’s largest Transit Oriented Development project in purchases or sale of the securities mentioned
Hyderabad in the automotive sector prima- tastic numbers for Q2FY19. Dur- in website. Author may have positions in above
stocks so have vested interest obviously in their
• Commissioned India’s largest city surveillance project (5000 cameras rily in India. The company offers ing Q2FY19, RACL posted going up or down as the case may be.
at 1500 locations) in Mumbai transmission gears and shafts, 157.67% higher PAT of Disclaimer: Investing in any equity is risky.
Rs.2.65crore on 39.84% higher Our recommendations are based on reliable &
• Implementation of modules of Smart Cities Programme in Mumbai, Jaipur, reduction gears trains CVT gear authenticated sources believed to be true & cor-
Nagpur, Pune, Hyderabad and more… boxes, engine timing gears, sub- sales of Rs.44.57crore fetching rect, and also is technical analysis based on &
• Currently building the world’s longest extra-dosed bridge over the Ganges assemblies, sprockets and ratch- an EPS of Rs.2.67. During conceived from charts. Investors should take
their own decisions. We assume no responsi-
at Patna, Bihar ets, precision machined parts, H1FY19, its net profit soared bility for any transactions undertaken by them.
• Executing the largest private sector defence order for Artillery Systems synchronizing cones and rings, 153.81% to Rs.4.26crore from The author won't be liable or responsible for
– for the manufacture of 155 mm / 52 Cal Self Propelled Tracked Guns and industrial gears for motor- Rs.1.68crore in H1FY18 on any legal or financial losses made by anybody.
• Played a role in building 19 of India’s 22 nuclear reactors and is involved
in all 9 reactors under construction per cent equity shares are held by
IndusInd Bank (Rs.
• Currently building the world’s largest high-vacuum pressure chamber,
the Cryostat, for ITER 1529.00) (Code : 532187) Market Tips foreign institutional investors under
the public shareholding
• Delivered 8 reactors for the Refinery and Petrochemical Integrated (F. V. 10.00) : For IndusInd Bank, -Dilip K. Shah
classification.Meanwhile, Natco
Development (RAPID) project for Petronas, Malayisa the strategic Bharat Finance deal buy back shares for a price of Rs
• After the successful moon and Mars missions, L&T also partnered
Pharma has reported 115 percent
would be synergistic in the medium 1,000 per share from the open mar-
ISRO in the launch of 104 satellites in a single mission jump in net profit on a consolidated
term. Growth would be primarily ket by spending a maximum of Rs 2.5
• Played a vital role in the execution of ONGC’s first Deepwater project - basis at 181.60 crore for the quarter
driven through the focus on the retail billion. The price of shares determined
the Vashishta & S1 subsea project ended September 2018 as against
portfolio, as management intends to for buyback comes at a premium of
• Launched L&T Infotech’s proprietary platform and Experience Centre Rs 84.40 crore same period last
rebalance the corporate- and retail- little over 40 per cent of the current
(MOSAIC), demonstrating how new-age technologies impact real busi- year. Its consolidated total revenue
book ratio to 50:50 (from 60:40). Credit market price. The company has pro-
ness scenarios The following pages highlight the capabilities and review was up 35 per cent at Rs 583.50
growth grew 29.4% y/y in Q1-FY19, posed to buy a minimum number of
the operations (2016-17) of the Company’s multiple businesses. Sec- crore as against Rs 432.20 crore
tions of the text are an abstract of L&T’s Annual Report. For complete driven by secular growth across all 1.25 million shares. The promoters and
for the same period last year. The
information, please refer to the Annual Report. segments, led by corporate (up 30% promoter group hold 48.25 per cent
stock is worth accumulation.
y/y), vehicle and retail (both up 28% shares in the company, while 24.31
Exide Industries Ltd. (Rs. 250.00) y/y).Asset quality improved with slip-
***

Targets - 295- 350, Time : 12 to 24 Months , SL - 210 pages easing to 1.26% of loan book
Exide Industries Ltd., incorporated in the year 1947, is a Large Cap
company (having a market cap of Rs 20718.75 Crore) operating in Auto
(down 83bps y/y, 111bps q/q) and
credit cost softened to 55bps.NIM is
Stock Buzz Subramanian Mahadevan
Ancillaries sector. Exide Industries Ltd. key Products/Revenue Segments expected to be resilient at current lev-
include Batteries (Storage) which contributed Rs 8590.55 Crore to Sales els on the back of the strong CASA Aditya Birla Capital Limited (Rs.104)
Value (99.90 % of Total Sales), Other Operating Revenue which contrib- franchise (43.4%) and an increase in
uted Rs 4.66 Crore to Sales Value (0.05 % of Total Sales) and Scrap which the share of the retail portfolio.The
Financial Powerhouse !
contributed Rs 3.44 Crore to Sales Value (0.04 % of Total Sales)for the year stock has corrected from its 52-week Aditya Birla Capital Limited (ABCL) - belongs to one of the respectable
ending 31-Mar-2017. For the quarter ended 31-12-2017, the company has high of Rs.2037 in August to around business houses of India namely Aditya Birla Group got listed at Rs 250/share
reported a Standalone sales of Rs 2276.54 Crore, and has reported net Rs.1550. It looks attractive at this in September 2017 post composite scheme of arrangement under which
profit after tax of Rs 154.27 Crore in latest quarter. Aditya Birla Nuvo was merged with Grasim Industries and the financial ser-
level. Buy in phased manner.
vices business was subsequently demerged and brought under one entity
Aarti Industries (Rs. named Aditya Birla Capital. Aditya Birla Capital houses the group's housing
REVIEW OF “SMART PLUS NEWS LETTER 1468.00) (Code : 524208) finance, broking, corporate lending, structured finance, wealth management,
AMAZING 43% RETURN (F. V. : 5.00) : Aarti Industries, a private equity as well as the life and health insurance businesses. It is one of
speciality chemicals and pharmaceu- the largest financial services players in India with presence across protec-
SMART Reccom.
Company
GAIN FOR
Weekly
SMART INVESTORS
Ch. Company Reccom. Weekly Ch. ticals company, plans to invest Rs tion, investment and savings business. In the lending business, it is one of the
19-11-2018 High (%) 19-11-2018 High (%) 700-800 crore in FY19 to improve its largest NBFCs in India with an AUM of more than 50,000 crore. In the asset
Kalyani Forge 304 335 10.2 BOB 115 118 2.61 scale and drive sustained improve- management segment, it is among the 5 largest AMCs with total assets under
HDFC Bank 1998 2034 1.8 HPCL 243 261 7.41
Venkeys 2430 2526 3.95 Tata Steel 574 590 2.79 ment in the business. The company management exceeding INR two trillion as of FY18. Below are some of the
Kansai Nerolac 419 447 6.68 Wockhardt 524 554 5.73 also plans to invest approximately Rs major business housed within ABCL and all would be ripe to get demerged
Godrej Agrovet 519 532 2.5 M&M 767 792 3.26 75 crore in setting up the 4th R&D within 3 years like the way HDFC did with HDFC Standard Life, HDFC AMC
Dynamic Tech. 1676 1730 3.22 Infratel 253 263 3.95 and scale-up unit at Navi Mumbai. business and ICICI Bank - ICICI Securities, ICICI Prudential Life Insurance,
Colgate 1147 1169 1.92 Asian Paints 1119 1341 19.84
Godrej Ind. 518 533 2.9 Tata Invest 823 890 8.14 Aarti is one of the leading Indian manu- ICICI Lombard General Insurance etc… for dedicated management and fo-
Reliance Ind. 1127 1155 2.48 Globus Spirits 156 162 3.85 facturers of benzene-based specialty cus to pursue its own journey of enhanced and sustained growth.
SRF 2041 2155 5.59 Welspung Corp. 154 164 6.49 chemicals (78% of FY18 revenue), Name Business Potential
Bajaj Finserv 5684 5922 4.19 NRB Bearing 187 200 6.95
Capri Global 125 137 9.6
pharmaceuticals (15%) and home & Demerger
Escorts 663 686 3.47
Radico Khaitan 437 447 2.29 Essel Propack 82 93 13.41 personal care segments (7%). Being Candidate ?
Apollo Hospitals 1233 1269 2.92 Kiri Industries 492 513 4.27 a net exporter (26% of FY18 rev- Aditya Birla Finance NBFC
Supreme Ind. 914 997 9.08 Polyplex Corp. 617 644 4.38 enue), it is a beneficiary in the rupee
Jet Air. 344 357 3.78
Birla Sun Life Insurance Company Life Insurance
Mastek 453 474 4.64
Voltas 553 567 2.53 Lincoln Pharma 236.15 246 4.17 depreciation scenario. Aarti’s play Birla Sun Life Asset Management Asset Management Yes
GMM Pfaudler 1029 1110 7.87 International Paper 491 516 5.09 across integrated value-chain, long Aditya Birla Health Insurance Health Insurance
Eicher Motors 24735 25300 2.28 Arman Fin. 375 400 6.67 term orders, strong customer rela- Aditya Birla Housing Finance Housin Finance
Mahindra CIE 259 266 2.7 Lemon Tree 71 74 4.23 tionships and consistent return ratios
Heidelberg Cement 147 154 4.76 Aero Granito 56 58 3.57 Interesting thing to note about ABCL is promoters hold close to 72.7%
J MC Projects (India) 89.15 93 4.32 IDFC Bank 36 39 8.33 justify our valuation multiple.The stock
has seen sharp recovery in last two equity followed by Azim Premji of Wipro fame with 2.2% through his family office
Adani Prot 347 367 5.76 Banswara Syntex 93 100 7.53
Mishra Dhatu 124 130 4.84 Lamodhara Tex. 49 52 6.12 months. Still, looks attractive. Buy. and government owned insurance behemoth - LIC of India with 2.4%. ABCL is
Deepak Fert. 177 191 7.91 Adani Gas 78 112 43.59 a strong play on financialization of savings and low penetration across the
Va Tech Wabag 289 296 2.42 Munjal Auto 56 59 5.36 Natco Pharma (Rs. financial services business with expected 25%+ PAT CAGR over FY18-20,
J K Paper 169 176 4.14 Shalimar Paints 82 85 3.66 725.00) (Code : 524816) (F. driven by strong traction in the lending and asset management businesses.
ARVIND 319 327 2.51 Nelcast 79 81 2.53
V. : 2.00) : Natco Pharma Limited Being part of a large and respected conglomerate with big auditors like Deloitte
Only Subscribers Will Get SMART PLUS NEWS LETTER has started share buyback schedule Haskins & Sells LLP, Price Waterhouse & Co and BNP & Associates managing
on their E-mail Address. last week from November 19. Last its books, ABCL has the advantage of multiple financial relationships and easy
week, the company board decided to access to liquidity compared to peers. Stock has the potential to touch Rs.150
Log on to..... www.smartinvestment.in in the next six to nine months with very limited downside from here.

Contact : 079-26576639 E-mail : smartinvest25@gmail.com

 Financial Weekly

SMART
INVESTMENT
th th
2425 June 301thst June
toto
Nov. Dec. 2018 3

Smart Education - Yog Joshi STOCKS CHART & LEVELS - ASHISH JOSHI
Smart Investment is starting new column
‘Smart Education’ NIFTY SPOT :- In last week, Nifty took re-
sistance of gap and after making high of 10,774 it
Bank Nifty :- Bank Nifty has given close near
its support, but if it gives close below its weekly low
This column will be very useful to our investors, as it’s an Educational service reversed thereafter. In current down swing Nifty is of 25,947 then we could sell up to the levels of
and will focus on Technical analysis topics from basic to advance level likely to test support zone of 10,440- 10,126, below 25,384 and 24,353 below it. For up move to begin,
these levels we could see panic selling up to Psy- it has to give breakout above 26,379 and next re-
I am very excited to say that through
the medium of Smart Investment, today
Technical Analysis chological mark of 10,000. Further bull run is pos- sistance above it is 27,205.
sible only if crosses recent high of 10,774 on clos-
I am writing an Educational Series on From ing basis. Currently sell on rise will be preferable
the subject of Technical Analysis, in this
educational series we will discuss tech- Basic to Advance as short term trend line has given breakdown.

nical analysis topics from basic to step by step up to advance level, entire
series will be in simple English language with very simple example where every-
one can able to understand Today we will discuss what is technical analysis?
What is its definition? What is its importance? And what can it be applied to? And
who is it useful for? The definition of technical analysis in very simple language
is like "Technical Analysis is an art, or science, or methodology to predict the
future price of any tradable thing like stock, commodity or currency with re-
spect to its previous price and volume" If you talk about the importance of
technical analysis so it can be applied on any tradable thing like stock, com- Divis Lab :- Primary trend of the stock is highly
modity and currency etc. Where we can get chart of that tradable script to bullish. For short to medium term traders buy is rec-
predict there future price movement and trend Study of Technical Analysis can ommended on every dip, next support levels are
Adani Gas :- Stock is highly bullish with expo- 1425 and 1230 and will act as good buying opportu-
be useful for trader (short term, medium term, and long term), investor or any
nential growth in volume so highly preferable situa- nity. On higher side we could see levels up to 1642
person who wish to studiesabout price chart. In the next issue, we will discuss
tion for short term traders. Stock may correct up to and 1806.
about the difference between technical analysis and fundamental analysis. 85 levels. We recommend buy on dip, once it crosses
:: Technical Analysis Topic List :: 115 it may touch levels up to 130.
Technical Analysis Educational • Different type of Candle stick Chart
Series Patterns
- What is TechnicalAnalysis, - DoubleTop
- TechnicalanalysisV/s Fundamental - DoubleBottom
Analysis - TripleTop
- TypeofCharts - TripleBottom
- TypeofTrend - Head andShoulder
- Trendline,SupportandResistance - Channel and breakout
- Introduct ion of • Different type of Technical Indica-
JapaneseCandlestick tors /Oscillators
- Introduction of Heikin - Ashi Chart - MovingAverage

Scrip Watch
• Different type of candlestickpattern - Ex ponential MovingAverage -
- Doji Crossover
VA Tech (Rs. 283.00) led to its shares dipping, but enter-
(Code : 533269) (F. V. : 2.00) tainment industry experts believe that
- Hammer and InvertedHammer - Fibonacci
-Dilip K. Shah Zee's decision to divest stake to a
- Hanging Man and Shootingstar - BollingerBand : VA Tech Wabag is a leading MNC
- EngulfingBullish - MACD / Stochastic global company is a smart move. Its
in the water treatment space. The : 531344) (F. V. : 5.00) : Concor
- EngulfingBearish - DMI, Relative Strength Index(RSI) idea of creating long-term value by
company has vast experience in has reported a 46.80 per cent jump in
- Harami (Bullish Harami, Bearish - Pivot Points transforming into a leading global
Harami) - ParabolicSAR, ATR plant building, planning, execution its standalone net profit to Rs 336.05 media-tech player comes at a time
- MorningStar • Historytendstorepeatitself and operation of drinking water crore for the quarter ended Septem- when the broadcast business at large
- EveningStar • ReversalPatterns plants and waste water plants for ber 30, 2018. Its total income for the is beginning to show first signs of dip
• Educational Series useful for Students, Stock Market beginners, experi- both municipal and industrial sectors. quarter under review increased to Rs with advertising revenue getting im-
enced and for all who are wishto enhance k nowledge about The company has a multinational 1,891.51 crore. Total expenses of the pacted. TV business is shrinking. With
technicalanalysis pedigree and offers customer-spe- company also increased to Rs 4G coming in, the dynamics of enter-
• Applicable to Stock, Commodity, Currency etc. cific solutions. The company has 1,422.90 crore from Rs 1,230.63 in tainment has changed. In order to be-
about 100+ patents which include the year-ago period. Concor has the come a strong digital force, ZEE will
Technical News : 26-11-2018 to 30-11-2018 both products and process patents largest network of 81 Inland Container need a global partner with deep pock-
and Wabag Austria has 51 patents Depots/container freight stations in ets. For global player, the biggest at-
Manu Consultants : Manishkumar - Kolkata that are awaiting approval. VA Tech India (73 terminals and 8 strategic tie- traction would be its content library
SEBI REG:- RESEARCH ANALYST- INH300002449 has registered a dip in its net profits ups). In addition to providing inland and the fact that it would give them
for the quarter ending September 30, transport by rail for containers, it has
• NIFTY FUTURE access to the second biggest media
2018 at Rs 28.49 crore against Rs also expanded to cover management
NIFTY FUT SUPPORT AT 10500-10440 & RESISITANCE 10800-11035 market. Apart from television, ZEE
STRATEGY :- BUY BANK NIFTY ON DIPS TILL 26000 SL 25700 TA 26500-800
37.63 crore during year ago period. of Ports, air cargo complexes and es- Entertainment has a presence in films
• STOCKS F&O:- Recently, it has bagged a Rs 600- tablishing cold-chain. The stock, af- and music. Its over the top platform,
JINDAL STEEL (168) :- BUY JINDAL STEEL ON DIPS TILL 164 SL 160 TA 176-84 crore order in Tunisia that analysts ter steep correction in October, has
OBC (87) :- BUY OBC ON DIPS TILL 84 SL 82 TA 94-98
ZEE5, is among the top three OTT
say would boost the water treatment seen sharp recovery in November.
BALKRISHNA IND (955) :- BUY BALKRISHNA IND ON DIPS TILL 930 SL 910 TA platforms. So, all in all, Zee will be in
company’s revenue guidance for fis- Buy.
980-1000 better position in future than it is to-
HINDALCO (217) :- BUY HINALCO ON DIPS TILL 210 SL 205 TA 228-34 cal 2020. The management remains ZEE Entertainment (Rs. day. Buy this stock.
• ALL SL ARE CLOSING BASIS confident of meeting the FY19 order
SELL STOCKS : CAUTION NOW IN SHORTS book guidance of Rs 5,300–5,700
458.00) (Code : 505537) (F. V. 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
DELIVERY STOCKS crore given opportunities in the Clean : 1.00) : ZEE Entertainment's recent interest or beneficial interest of more than 1% in the company whose
stocks I am recommending • Stop loss is useful for Short / Medium
BUY DHFL (Rs. 232.00) SL 208 TA 265-80 announcement about its intention to
Ganga project and other works in Term investor Only • Smart Investment will not be responsible / liable
DISCLAIMER :- The Recommendations are based on technical analysis. There is a divest 50 per cent of its equity stake for any loss arising out of investment based on tis advices • Past

risk of loss in trading.Please visit website www.dallalstreet.org for full disclaimer and Mumbai, Chennai and Delhi. performance may or may not be substainedin future " (Dilip K. Shah)
Research Analyst : SEBI Regn No. : INH000002152
disclosures. Concor (Rs. 672.00) (Code to a strategic foreign partner may have

Contact : 079-26576639 E-mail : smartinvest25@gmail.com

 Financial Weekly

4 25th Nov. to 1st Dec. 2018

INVESTMENT
SMART
Uncertainty in secondary market, assembly elections in five states and absence of FIIs due to Christmas results in
draught like situation in primary market: There is hardly any possibility of new IPO till March 2019
LIC invests Rs 32.70 bi
Reliance CPSE-ETF will enter into the market with Rs. 8000 crore issue on November 27 Majority of the shares are in d
LIC is supporting the Governme
Four SME IPOs will be in the market this week: Three from NSE SME and one from BSE NSE 2018, LIC has invested a huge amoun
Not only this, LIC has also invest
ICL Multitrading's NSE SME Issue that opened on November 19 got extended due to poor response nies like SBI, PNB and New India As
The first BSE SME IPO of Samvat 2075 - Shree Krishna Infra - sailed through with 2.77 times response ceived from the market sources, LIC
companies. It is believed that LIC h
Diksha Green's NSE SME IPO of Rs13.32 crore with fixed price of Rs30 will open on November 26 planning to invest in the market. Th
projects in which LIC has invested
JM Fin's Trench-2 issue with base price of Rs 250 crore got 0.72 times IRCON, RITES, Bharat Dynamics, e
counted price. However, the status
subscription on two days: The aim is to raise Rs1250 crore market sentiments.

Primary Market Roni Household's BSE SME IPO got managed on the last day and sailed through with 1.06 times subscription 22 after getting 1.06 times subscrip-
tion. It is believed that the issue was
Shubhlaxmi Jewel's NSE SME issue with fixed price of Rs26 got 0.36 times subscription on the first day
Dilip K. Shah Manappuram Fin's NCDs issue got 1.52 times subscription on the last day
managed at 11th hour.
Shubhlaxmi Jewel :- The issue
Due to uncertainty in secondary The Government will get Rs5000 crore from buyback offer in 08 PSUs worth Rs6.51 crore with fixed price
market, pos sibility of BJ P losing of Rs26 got 0.36 times subscription
ground in assembly elections in five
Zircon Techno's IPO gets SEBI approval: The number of companies with SEBI approval reaches 70
on the first day. It will close on No-
states and absence of FIIs due to than half a dozen issues have been vember 22 but due to poor response * Last week's IPO subscrip- vember 27.
Christmas, there is a draught like situ- announced and the rally is likely to the subscription deadline has been tion: * This week's SME IPO :- This
ation in primary market despite there continue. extended till December 3. Shree Krishna Infrastructure :- week two more issues will enter into
are number of issues in pipeline. The * Last week two SME IPOs - Two more SME IPOs - DRS The issue got 2.77 times subscrip-
experts in the market do not see any Shree Kris hna Infrastructure and DilipRoadline and Diksha green will
major issue hitting the market till Roni Household entered into the mar- hit the market in this week.
tion and closed.
ICL Multitrading :- The issue J M Financial Credi
March 2019. ket and sailed through. This week Manappuram Fin's NCDs issue with fixed price of Rs17.86 crore got Monthly Annual Cu
However, the SME IPOs are hold- two issues Shubhlaxmi Jewel and has exited while JM Fin's NCDs is- only 8% subscription till the closing
ing the ground since beginning of ICL Multitrading are in the market. sue has entered into the market. date of November 22, so the sub- 42 Months -- 10.00
VikramSmavat 2075. Till now more ICL Multitrading was to close on No- It seems impossible for the gov- scription deadline has been extended
ernment to achieve disinvestment 60 Months 9.67 10.10
till December 3. It can't be consid-
Subscription Figures of SME IPO (Dt. 22-11-2018) target of Rs80,000 crore. As it has
got only 15,300 crore through disin-
ered good beginning of Samvat 2075.
Roni Household :- BSE SME
120 Months 9.81 10.25
IPO Listing Day Subscribed vestment, the Government is expe- issue of Rs3 crore with fixed price of the market. Detailed analy-
Shree Krishna Infra BSE SME Issue Closed on 22-11-18 2.77x diting the process. Rs20 has got closed on November sis is given in separate box. N
Roni Households BSE SME Issue Closed on 22-11-18 1.06x DRS DilipRoadline :- Sr Com
ICL Multitrading NSE SME 4rd Day Subscribed 0.08x DRS Dilip Roadlines NSE SME IPO Hy derabad-bas ed
(Issue Extended to 3-12-18) Opens on 27th November & Closes on 30th November c ompany 's NSE IPO of
1. J.M
Shubhlaxmi Jewel NSE SME 1st Day Subscribed 0.36x Rs31.50 crore with fixed price
Offer price Rs. 75; Listing on NSE - SME Platform of Rs75 will enter into the Fina
Company track record is encouraging but considering ; High debt - equity market on November 27. Cre
Diksha Greens Ltd. BSE SME IPO ratio & repayment of loan to promoters it's a average IPO Considering average perfor- Sol
Opens on 26th November & Closes on 28th November Incorporated in 2009, Hyderabad based DRS Dilip Road lines Limited is mance, higher valuation, re-
Offer price Rs. 30; Listing on BSE - SME Platform a company engaged in the business of logistics services. It offers transpor-
payment of promoter's loan from IPO
Fundamentals are not impressive: H1FY19 Results are surprising tation, packing & moving and warehousing services. The company carries
proceedings, higher debt to equity
its packing and moving business under the brand name of 'Agarwal Packers
Considering PE of 37, Better to avoid this expensive IPO and Movers'. DRS provide goods transportation services. It operates and
ratio and competitive market, it can
Incorporated in 2004, Kolkata based Diksha Greens Limited is a com- be termed as an average iss ue,
owns a fleet of 301 trucks in the name of the Company have 199 vehicles
pany engaged in the business of trading of timber, wooden logs, sawn timber which may be risky for small inves-
from the group and can hire 450 vehicles. DRS have some of the major
and manufacturing of veneer sheets. In 2006 the company obtained Im- tors.
corporate in its client list including MRF Limited, CEAT Limited, Mahindra &
porter-Exporter code (IEC) and started importing the wooden logs and tim- Diksha Green :- Kolkata-based
Mahindra Limited and Asian Paints, Micro Labs Limited.
ber. It imports logs and timbers from many countries. This year the com- company is entering into the market
Issue Details
pany has decided to expand its business. It purchased a Multi-Commodity with Rs13.32 crore issue offering
• Issue Opens on 27th November & Closes on 30th November 2018
Cold Storage wherein storage facilities for fruits and vegetables are offered shares at price of Rs30 on Novem-
• Object of the issue : Repayment of unsecured loans & Expansion of ber 26. The company's track record
to traders/farmers. The company plans to involve into trading of fruits, veg- Business, Term Lona Repayment, Setting of additional wearhouses.
etables, Dry Fruits, Egg, Fish and Spices in future. is poor, offer price is higer and pro-
• Issue Size : 42,00,000 Fresh Equity. moters' cost is Rs0.00 per share so
Issue Details • Face Value Rs. 10, Total Rs. 31.50 Cr.
• Issue Opens on 26th November & Closes on 28th November 2018 it is advisable to stay away from the
• Offer price Rs. 75 Per Shares issue.
• Object of the issue : Working requirments of the company Rs. 1257 Lakhs. • Minimum Lot Size 1600 Shares, Listing NSE - SME * This week's NCDs issues:-
• Issue Size : 44,40,000 Fresh Equity.
• BRLM : Aryaman Financial Services Ltd. Manappuram Fin :- The issue
• Face Value Rs. 10, Total Rs. 13.32 Cr. • Registrar : Bighsare services Pvt. Ltd. with base price of Rs200 crore and
• Offer price Rs. 30 Per Shares shelf limit of Rs1000 crore go poor
• Company Management : Mr. Dayanand Agarwal, Mr. Anjani Kumar.
• Minimum Lot Size 4000 Shares, Listing BSE - SME response from the beginning. It got
• BRLM : Finshore management Services Particulars (Rs. Cr.) FY 15 FY 16 FY17 FY 18 FY 19 1.52 times subscription on Novem-
• Registrar : Cameo Corporate Services Financial Performance (6 Months) ber 22. It got only Rs300 crore
• Company Management : Mr. Rakesh Pirogiwal, Mrs. Sunita Pirogiwal, Total Revenue 146.34 153.08 141.91 142.62 42.14 against target of Rs1000 crore. How-
Ms. Tanvi Pirogiwal. Profit After Tax 0.44 0.50 1.08 3.45 1.39 ever, it got 2.73 times subscription in
retail category.
Particulars (Rs. Cr.) FY 15 FY 16 FY17 FY 18 FY 19 EPS -- 1.08 1.62 3.18 -- JM Fin :- Tranche-II issue with
Financial Performance (6 Months) RONW (%) -- 10.09 7.69 39.25 -- base price of Rs250 crore and shelf
Total Revenue 54.25 54.23 54.47 41.83 12.56 • Issue constitutes 27.88 % of the post issue paid up capital limit of Rs1250 crore has got 0.71
Profit After Tax 0.40 0.46 0.64 0.55 0.41 • Average of last 3 yrs. EPS Rs. 2.31 & RONW 23.87 %
EPS 8.17 9.32 12.93 11.16 -- • Pre IPO equity capital Rs. 10.86 Cr. Post IPO Eq. Capital Rs. 15.06 Cr. Subscription figure of
RONW (%) 0.74 0.85 1.18 1.01 -- • Pre Issue P/BV Ratio 8 (NAV Rs. 9.38) J. M. Fin. Credit Solutio
• Post Issue : P/BV Ratio : 2.48 (NAV : 30.23)
• Issue constitutes 45% of the post issue paid up capital • Pre IPO P/E Ratio : 23.58 Category No. of BOnd
• Average of last 5 yrs. EPS Rs. 0.97 & RONW 5.03 % Issue Closed Offered/ Subs
• Post IPO asking P/E on fully diluted equity : 20
• Pre IPO equity capital Rs. 5.43 Cr. Post IPO Equity Capital Rs. 9.87 Cr.
• Pre Issue P/BV Ratio 1.38 (NAV Rs. 21.71)
• Industry Peer group PE Ratio : NIL Reserved 22-
• BRLM’s Performance : Total 42 issues Handaled in last 4 Years, In Last Cat. I Institute 2,50,000
• Post Issue : P/BV Ratio : 1.20 (NAV : 25.05) 10 Listing, 9 Issues in Premium & 1 Issue at Par.
• Pre IPO P/E Ratio : 29.70 Cat. II Non Inst. 2,50,000
• Post IPO asking P/E on fully diluted equity : 37 Other side of Coin Cat. III HNI 10,00,000
• Industry Peer group PE Ratio : Agritech & Greenply Ind. PE Ratio 12 • The average cost of acquisition of equity share to the promoter is Rs. 6.82 Cat. IV Retail 10,00,000
• BRLM’s Performance : Total 6 issues Handaled in last 2 Years, In Last to 13.26
4 Listing, 2 Issues in Premium & 2 Issue in Discount. • It has issued bonus shares at a ratio of 11:20 in July 2018 Total 25,00,000
Other side of Coin • Numbers of legal proceeding against company, promoters and group. Subscription figure of
• Trade name agarwal packers & Movers are registered under one of the
• The average cost of acquisition of equity share by the promoter is 0.00 to promoter group. Manappuram Finance NC
1.29 per share. In other words company is selling Khali Khokha at Rs. 30 • Certain portion of IPO proceeds will be used to repay loans taken from Category No. of BOnd
• It has allotted bonus share 10:1 in July 2018 promoters.
• Company & promoters are involved in certain IT & civil litigations. • Group company DRS logistics Pvt. Ltd. Was defaulted in the repayment
Issue Closed Offered/ Subs
• The registered office is not owned by the company of loan to HDFC Bank. Reserved 22-
• Competition from unorganized player • Tow promoters were disqualified by ROC Cat. I Institute 2,00,000
• Negative cash flow in recent fiscals • Negative cash flow in past.
Recommendation : During FY15 to FY17 top line remained static. Set- • Current debt equity ratio is high.
Cat. II Non Inst. 2,00,000
back in Top & Bottom line for FY 18. Hence company's fundamentals are not Recommendation : Company's fundamental are encouraging but con- Cat. III HNI 6,00,000
impressive. A result of H1FY19 is surprising. Considering PE of 37, IPO is sidering repayment of loans to promoters, high debt-equity ratio of 4.89, & Cat. IV Retail 10,00,000
pricy hence better to avoid it. number of risk factors, its average issue. Total 20,00,000
 Financial Weekly

SMART 25th Nov. to 1st Dec. 2018

5
INVESTMENT
Reliance CPSE (Central Public Sector Enterprises) RIL : The strength has doubled- Refinery and Data
illion in six companies Asian Paints : Fall in crude prices will benefit
discount even after discount ETF (Further Fund Offer 3) Page Ind. : Valuations reasonable after correction
ent's disinvestment plans heavily. In
It will raise Rs 8,000 crore through Reliance Nippon M&M Q2 profit up 26 per cent: Buy
nt in 66% of the disinvestment issues. CPSE ETF with a greenshoe option to retain Rs 4,000 to Rs 6,000 crore. Mahanagar Gas Price high will maintain margins
ted other government owned compa- Issue Open for Anchor Investors 27-11-2018 RIL (Rs. 1102.00) (Code :
ssurance. As per the information re-
C has invested Rs32.70 billion in six
For Non Anchor Investors
Issue Size
28-11-2018 to 30-11-2018
Rs. 14,000 Cr.
500325) (F. V. : 10.00) : Reliance
Industries is country’s largest private
Smart Best
has invested the amount as per its
he Government PSU disinvestment
a huge amount are Garden Reach,
Category Wise Allocation 30 % for Anchor Investor sector company having market leader
in Refining, Petro chemicals, Oil and gas,
Buy S. N. Zaveri
70% Retail Individual Investors
etc. Majority of the scripts are in dis- Digital, Retail and Telecom sector. Company has reported excellent results for
after listing depends on secondary
& Retirent Funds Q2FY19, income has improved by 54.5% YoY to Rs 156291 crore while PAT
Discount 4.5% Disc. for Retail Investor increased by 17.4% to Rs 9516 crore as against Rs 8109 crore. EBIT grew by
Minimum Invest Rs. 5000 & Above 24.9% to Rs 22359 crore during Q2FY19. During Q2 FY19, JIO has reported
times subscription of its base price. PAT of Rs 681 crore and achieved ARPU of Rs 131.7 per subscriber which is
Tranche-I issue of Rs750 crore got CPSE index has increased to 11 from 10 stocks highest in telecom industry. In an another development, RIL is planning to
over subscribed on the first day in Entry four new companies –NTPC, NLC, SJVN and NBCC expand its Jamnagar refinery. So, the company’s strength is now double as it
June 2018. Despite higher coupon has largest refinery and largest telecome subscriber base. Also, Reliance
rates, Tranche-II has got lower re-
Exit 3 companies : GAIL, Container Corp., Engineers India
Industries (RIL) has begun talks to acquire a controlling stake in GTPL Hathway,
sponse compared to Tranche-1. It CPSE ETF Portfolio CPSE ETF Return Peer Comparision a leading multi-system-operator (MSO) that dominates the Gujarat market. It
can be good option for 3 to 5 year Co. Weightage 1 Month -0.9% 1 Year has already taken over Hathway Cable and DEN Networks. Invest.
investment. NTPC 19.55 3 Months -10.6% SBI ETF Sensex 4.5% Asian Paints (Rs. 1313.00) (Code : 500820) (F. V. : 1.00) :
* PSU Disinvestment :- Though Coal India 19.13 6 Months -10.4% SBI ETF Nifty 50 2.8% Asian Paints has reported better Q2 numbers. Its net sales was up Up 8.76% at
companies are hesitating in coming IOC 18.94 1 Year -17.2% Kotak Banking ETF 1.1% Rs 4,639.05 crore in September 2018. Net Profit was up down 14.44 per cent at
ONGC 18.89 3 Year 5.2% CPSE ETF -17.2% Rs. 492.76 crore. EBITDA was almost flat at Rs. 847.47 crore, down 0.83% from
it Solutions Limited REC 6.18 Reliance ETF BeEs 1.2%
Rs. 854.53 crore in September 2017.The rationalization in the GST rates in
Power Finance 5.49 CPSE ETF (Code : 538057)
paints could benefit the organized players in the long run. Moreover improved
umulative Additional 0.15% incen-
tive for those who applied in Bharat Ele. 4.94 Listing Group B Grey Market product mix and operating leverage should provide cushion to margins which
10.00 Oil India 3.45 Face Value 10
Tranche1 Issue and only those Rs. 2,00,000/- would mitigate concern of rising crude oil price. Asian Paints’ revenue and net
are eligible who applied in 60 NBCC (India) 1.66 52 Week High 31.49
-- Months & 120 Months in NLC India 0.95 52 Week Low 23.55 Form (Kostak) Price profit are expected to grow by 10.9 per cent & 12.2 per cent CAGR respectively
Tranche 2 SJVN 0.64 CMP 24.52 Rs. 2900 to 3100 over FY 2018-20, driven by steady capacity addition, wide distribution reach and
-- continued efforts towards innovative launches. As the crude oil prices have
fallen significantly, Asian Paints will benefit directly. Buy. Buy more at decline.
Non Convertible Debenture (NCD) Issues at a Glance Page Industries (Rs. 26891.00) (Code : 532827) (F. V. : 10.00)
: Page’s license agreement with JOCKEY International Inc. has been extended
mpany Issue Open Bond size F.Value Min. Listing Rating Recomm.
Issue Close (Rs. Cr.) (Rs.) App.
till 31 Dec’40. Jockey being a market leader in the innerwear category is looking
at extending product categories to Athleisure and Sportswear for men, women
M. 20-11-2018 Base Size of Rs. 250 Cr. 1,000/- 10 NCDs BSE AA/Stable by ICRA
APPLY and kids. The strong brand recall and positioning could help Page’s new product
nancial 20-12-2018 withan option to Retain (Rs.10,000) and launches (Girls Innerwear & Outerwear, USA Originals Women’s Innerwear and
edit Oversubscription upto 1000 Cr. Lead manager : AA+/Stable by (Attractive
Jockey ATHLEISURE). Better penetration across product segments could aid
lutions Aggregating upto Rs.1250 Cr. A.K. Capital, J. M. Financial India Rating Issue) future volume growth. Page Industries has registered 10 percent jump in its year
Edelweiss, Trust Investment on year net profit at Rs 92.6 crore in the quarter ended September 2018. Rev-
enue rose 10 percent at Rs 690.7 crore against Rs 625.7 crore.Its operating
BSE SME IPO profit or EBITDA was up 11 percent at Rs 142.8 crore, while margin was at 20.7
percent.The board declared second interim dividend of Rs 41 per share and
Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark special dividend of Rs 110 per share on an equity share.The stock has cor-
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size % rected from Rs.36,000 plus at the end of August and now trading at around
Rs.27,000 plus level. Buy in phased manner.
1. Diksha 26-11-2018 44,40,000 Eq. 30 4,000 Eq. Shares 27% AVOID M&M (Rs. 745.00) (Code : 500520) (F. V. : 5.00) : Mahindra &
Green Ltd. 28-11-2018 (Rs. 13.32 Cr.) (Rs. 1,20,000) Mahindra has reported a 26 per cent jump in net profit (M&M and MVML) at Rs
1,778.75 crore for the September quarter. Revenue for the quarter (M&M and
NSE SME IPO MVML) rose 6.41 per cent to Rs 12,790.17 crore compared with Rs 12,019.37
crore last year. With over 40% share, Mahindra & Mahindra (M&M) is the
Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark market leader in utility vehicles (UV) and tractors. Other products include
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size % commercial vehicles (CVs) and three- and two-wheelers. South Korean sub-
sidiary Ssangyong makes sports utility vehicles (SUVs) for global markets.
1. ICL 19-11-2018 21,00,800 Eq. 85 1600 Eq. Shares 26% High Risk
Through listed and unlisted subsidiaries, the world's largest tractor maker has
Multitrading 3-12-2018* (Rs. 17.86 Cr.) (Rs. 1,36,000)
Low Return
presence in time share, agri finance, IT, aerospace, commercial vehicles, auto
Shubhlaxmi components, defense, logistics, real estate, renewable energy, speedboats
2. 22-11-2018 25,04,000 Eq. 26 4000 Eq. Shares 30% Average
and steel, amongst other businesses.Recently launched Marazzo has re-
Jewel 27-11-2018 (Rs. 6.51 Cr.) (Rs. 1,04,000) ceived good response. Pick-up UVs, accounting for around 46% of the fiscal
3. DRS Dilip 27-11-2018 42,00,000 Eq. 75 1600 Eq. Shares year ended March 2018 (FY 2018) volumes, are back on the growth path due
31% Risky to economic recovery. The 45% market share in the light CV segment of less
Road Lines 30-11-2018 (Rs. 31.50 Cr.) (Rs. 1,20,000) than 3.5 tonnes implies bounce-back in volumes.The tractor segment is ex-
* ICL Multitrading : Issue Extended to 3rd December, 2018 from 22nd November 2018 due to poor response from Investor pected to expand 12-14% in FY 2019. Buy. Buy more at decline, if any.
up with IPOs, the Government is all from that it also eyes buy back in
Mahanagar Gas (Rs. 858.00) (Code : 539957) (F. V. : 10.00)
pany has got SEBI approval for sell-
set to move towards achieving disin- NHPC, BHEL, Nalco, NCL, Cochin : Mahanagar Gas has reported better Q2 numbers. Its net profit was Rs. 136
ing 59 lakh equity shares. Till now,
vestment target. Shipyard and KIOCL. crore in September 2018 up 9.22% from Rs. 124.79 crore in September 2017.Net
70 mainboard companies have ob-
Reliance CPSE-ETF :- The is- Zircon Techno:- Prodc uts tained SEBI approval. Sales at Rs 696.51 crore in September 2018 up 30.49% from Rs. 533.76 crore
packaging and label printing com- in September 2017.EBITDA stands at Rs. 239.63 crore in September 2018 up
f sue of Rs8,000 crore has ob-
tained permission to retain
****
11.9% from Rs. 214.15 crore in September 2017.Mahanagar Gas EPS has
ons Rs14,000 crore in case of Smart Super Duper increased to Rs. 13.80 in September 2018 from Rs. 12.63 in September 2017.
oversubscription. It will open -Dilip K. Shah The brokerage firm Edelweiss has estimated a compound annual growth rate
Issue for non-retailers and anchor of 7.8% in volumes over 2018-23, led by the accelerating conversion of ve-
scribed investors on November 27 JK Tyres (Rs.102. 00) brownfield expansion may help it to hicles to CNG. Worsening traffic conditions are expected to support higher
(Code:530007) :- Tyre sector was increase the volume by 15-20%. The
-11-18 and for retail investors on No- consumption of CNG. On the margin front, Mahanagar Gas has taken price
vember 28. It will close on No- under pressure due to higher price company is investing Rs275crore hikes in October and that should have a positive impact. After hitting 52-week
0.01x which will increase the manufactur-
vember 30. Retailers will get of rubber and crude oil but now prices low of Rs.757 on 8th October, the stock has recovered more than 10 per cent.
0.12 discount of 4.5%. The mini- ing capacity from 7.4 lakh tyres to
of both the raw material have come Still, it is much lower from its 52-week high of Rs.1175. Buy.
0.27x mum inv estment will be down but it is not reflected in the stock 13.8 lakh tyres. It has completed pro-
1.46x Rs 5000 and maximum in- prices. Auto tyre and rubber prod- cess of acquiring Keshoram Indus- company is active in auto parts equip-
vestment will be Rs2 lakh in Bengaluru at cost of Rs90 crore. The
0.71x ucts manufacturing company is one tries' tyre business. As against eq- ment sector. It was set up in 1979
multiple of Rs5,000. company has joint venture with
of the leading tyre sector companies uity of Rs45.36 crore, the company and it started commercial production
f CPSE-ETF listing will be
of the country. It has three plants in has reserves of Rs1915.74 crore. In in 1981. It came up with IPO in 1995.
Netherland's Fabory Fasteners. It
decided on the average of completely took over Haryana-based
CDs earlier three days, where in Mysore and one each in Banmore, the first half of 2019, the company's It is main manufacturer of Forged IspatPvt Ltd last year. In September
Kankroli and Chennai. It acquired income has increased from High-Tensile Fasteners. The com-
Issue the GMP is Rs24.52. The is- Rs3864.89 crore to Rs4933.28 pany supplies its products to US,
quarter, the company's income in-
sue can be considered for KeshoramIndsome times back. The creased from Rs115.79 crore to
scribed company's Bengaluru plant has be- crore, while it achieved profit of Europe, South America and Middle
long term investment. In the Rs139.35 crore, while profit in-
-11-18 come operational. It also holds high Rs115.67 crore against loses of East along with its customers in In-
Grey Market, the interest for creased from Rs14.7 crore to
Rs106.82 crore with EPS of Rs5.12. dia like Eitcher Motors, Escort, Bajaj
0.02x Rs2 lakh application is be- place in bus and tractor tyre manu- Rs15.21 crore with EPS of Rs4.22.
lieved to be around Rs3,000. facturing. Due to high demand in com- The stock can be considered for in- Auto, Maruti Suzuki, Hero Moto and
0.12x vestment.
The stock may witness higher fancy
PSU Buyback :- The mercial vehicles and cargo fleet, the Tata Motors. Export accounts for due to big holdings of some NHIs.
0.49x Government is planning to Sterling Tools (Rs.365.00) 10% of its income. The company has
company's growth and margins are The stock seems attractive at cur-
2.73x raise Rs5,000 crore from buy likely to be high. The company's (Code:530759) :- The 'B' group three units in Faridabad near Delhi rent price.
1.52x back shares in Coal (I). Apart and setting up the fourth unit near (Cont. on P. No. 6)

6 25th Nov. to 1st Dec. 2018
Expert’s Eye
(Continued from page 8)
the day at 35199.80. Global mar-
kets dull trades kept our market also
under shadow. IT, Pharma and Bank-
ing sector counters lead the doom.
While Thursday also we marked
positive openings for the markets, it
lost grip post noon to close in red.
NSE Nifty lost 73.30 points to end
the day at 10526.75 and BSE
Sensex marked deficit of 218.78
points to close at 34981.02. Thus
while Nifty closed above 10.5K,
Sensex failed to close above 35K
and spoiled moods of bull operators.
Reliance, HDFC and ICICI Bank
took the lead for doom. With this fall,
we marked hat trick of slide for last
three sessions in a row.
During the week dividend an-
nouncement came in from Siemens
(350%) etc. During the week Jiya
Eco turned ex-bonus (1 for 1).
Dollar continued to slide to mark
Rs. 71.15 a dollar) and Brent Crude
Oil further cooled down to around
62.75$ a barrel by week end.. Crude
marked recent new low of 56$ a bar-
rel in mid week. US-China trade war
and Brexit matter will keep a tab on
Super - Duper (Continued from Centre Page)
Ahluwalia Contracts
(Rs.310.00) (Code:532811) :- It
is one of the leading construction com-
panies of the country. It has completed
many prestigious projects. As against
equity of Rs13.4 crore, the company
has reserves of Rs607.94 crore. In
the first half of FY2019, the company's
income has increased from Rs838.74
crore to Rs846.23 crore, while profit
has increased from Rs55.28 crore to
Rs59.34 crore with EPS of Rs8.86.
The company's order book is strong
and stock is also witnessing good
movement at current price. As the
government is focusing on this sec-
tor, the future seems bright for the
company. The stock may be in lime-
light in near future. It has got corrected
from 52-week high. It has paid divi-
dend in 2018 after long gap of Seven
years. Paying dividend is good sign.
UltraTech Cement (Rs.
3959.00) (Code : 532538) (F. V. :
10.00) : UltraTech Cement said its
board has approved a proposal to in-
corporate Binani Cement (BCL) as it
a wholly-owned subsidiary.The Na-
tional Company Law Appellate Tribu-
nal (NCLAT) last week had approved
the revised bid of Aditya Birla group
firm UltraTech Cement for debt-rid-
den Binani Cement.UltraTech has ac-
quired BCL's plants totalling 6.25
MTPA (million tonne per annum) in
Rajasthan, inclusive of an integrated
cement unit and a split grinding unit at
a value of Rs 8,024 crore. This ac-
quisition gives the company access
to superior quality limestone re-
serves. BCL's subsidiaries in China
and UAE stand transferred to
UltraTech. UltraTech is extremely
well positioned to turnaround BCL's
operations, given its competence and
unmatched experience in this sec-
tor. With the addition of BCL's plants,
UltraTech's network has grown to 50
plants pan India. The stock is worth
accumulation.
Motherson Sumi (Rs.
156.00) (Code : 517334) (F. V.
: 1.00) : Motherson Sumi Systems
(MSSL), India’s largest automotive
wiring harness company and one of
the largest auto ancillary players,
posted a disappointing set of Q2 FY19
earnings on the back of a demand
slowdown in international markets and
contraction in margins for
Samvardhana Motherson Peguform
(SMP) and its India business. Seg-
ment-wise, the standalone business
saw a revenue growth of 7.5 percent
(YoY), led by a 6 percent and 23.2
Contact : 079-26576639 E-mail : smartinvest25@gmail.com
Nifty & Sensex Movement during the last week
Nifty Open High
19-Nov-18 10731.25 10774.7
20-Nov-18 10740.1 10740.85
21-Nov-18 10670.95 10671.3
22-Nov-18 10612.65 10646.25
23-Nov-18 Guru Nanak
Net
SENSEX Open High
19-11-18 35,647.62 35,818.83
20-11-18 35,730.77 35,731.67
21-11-18 35,492.62 35,494.25
22-11-18 35,282.33 35,364.50
23-11-18 Guru Nanak
Net
general sentiment for a while. Ensu-
ing week has derivatives expiry too
and that will keep market in high vola-
tile mode as usual. Changing equa-
tion of BJP - Congress faring in forth-
coming state elections will also trig-
ger market movement and thus mar-
ket will be going for a trailer before
main elections. Amidst such a sce-
nario NSE Nifty and BSE Sensex
may hover between 11000-9900 and
36400-32900 respectively for the
ensuing week.
White Organic to consider bo-
percent growth in domestic and inter-
national business, respectively.
EBITDA margin, however, contracted
280 basis points (100 bps = 1 per-
centage point) due to a weaker rupee
and significant rise in raw material
prices, which was partially offset by
cost control measures undertaken by
the management.MSSL has a robust
order book, which offers strong earn-
ings visibility going forward. Its order
book at the Samvardhana Motherson
Automotive Systems Group BV
(SMRPBV) level stands at Rs 164,315
crore (19.53 billion euro).As per the
management, battery driven vehicles
would need more wiring components,
which would increase the content per
vehicle by close to 10-20 percent,
benefiting MSSL The stock has cor-
rected quite significantly and is down
44 percent from its 52-week high. Buy.
Smart Tips
(Continued from page 8)
which are mainly used in elec-
tronics, domestic appliances, indus-
trial, defence, medical, etc. It has
been constantly expanding its capac-
ity. It owns 45% stake in Shivalik Bi-
metal Engineering, which is a profit
making company. For the year
ended March 2018, it reported in-
come of Rs. 162 crores, and profit
of Rs. 7.68 crores. For September
quarter, income was Rs. 50.53
crores, and profit of Rs. 5.56 crores.
Promoter holding is 51%. The share
can be seen crossing Rs. 100 in the
shor term, and touch Rs. 125 levels
in 5-6 months.
Orient Cement (Rs. 82.00)
(Code: 535754) :- Shares of this
cement and cement products com-
pany are listed in A Group and have
face value of Re. 1. The shares
touched a 52-week high of Rs. 183
and low of Rs. 80. Delisted from Ori-
ent Paper, the company is a part of
Birla Group. Promoter stake in the
company is 37.37%. The company
has a strong order pipeline. Cement
demand is expected to grow due to
affordable housing projects in
Telangana and Maharashtra, and
Metro rail projects. For 2017-18, it
reported income of Rs. 2,311 crores
and profit of Rs. 44.22 crores. For
September quarter, income was Rs.
560.78 crores, while it made a loss
of Rs. 16.75 crores. It had made Rs.
16.02 crore profit in June quarter.
The stock can be seen crossing Rs.
100 in the short term, and Rs. 125 in
the medium to long term.
Low Close Diff
10688.8 10763.4 81.2
10640.85 10656.2 -107.2
10562.35 10600.05 -56.15
10512 10526.75 -73.3
Jayanti Holiday NA
Weekly Loss -155.45
Low Close Diff
35,511.10 35,774.88 317.72
35,416.18 35,474.51 -300.37
35,112.49 35,199.80 -274.71
34,937.98 34,981.02 -218.78
Jayanti Holiday NA
Weekly Loss -476.14
nus issue on 17.12.2018.
DISCLAIMER : No financial information what-
soever 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 con-
sult a qualified financial advisor prior to making any
actual investment decisions, based on information
published here. Any reader taking decisions based
on any information published here does so entirely at
own risk. Above information is based on the details
available as on the date along with market percep-
tions. Investors should bear in mind that any invest-
ments in stock markets are subject to unpredictable
market related risks. (THE AUTHOUR IS SEBI
REGISTERED RESEARCH ANALYST)
Market Scan
(Continued from page 1)
of 476 points. At the same time
the Nifty opened the week at 10731,
made a high of 10774, low of 10512
and closed the week at 10526. Thus
the Nifty closed the week with a loss
of 156 points.
On the daily charts, both Sensex
and Nifty have formed a Three
Black Crows formation which is a
Bearish Reversal pattern. On the
weekly chart, both the indices have
formed a Bearish Engulfing pattern
which is again a Bearish Reversal
pattern. Thus daily as well as weekly
candlestick pattern study suggests
a Bearish bias. The Indices are in a
Trading Range between Sens ex
35800-33300 and Nifty 10800-
10000. The upper end of this Trad-
ing Range was tested unsuccess-
fully this week, and as a result the
indices are moving lower. Immedi-
ate Support will be at the last inter-
mediate bottom (10441) which is
aided by Bullish Gap of Nifty 10440-
10457.
If the market wants to c limb
higher then it needs to overcome this
Strong Resistance Zone in the form
of Bearish Gap between Sensex
35820-35911 and Nifty 10754-
10843. This Gap is accompanied by
the Nifty 200dma which makes it
stronger and hence difficult to cross.
Intermediate Correction levels
are placed at Sensex 33920-32354-
30788 and Nifty 10283-9827-9371.
Higher degree Correction levels are
plac ed at Sensex 32688-30742-
28796 and Nifty 9875-9293-8710.
Thus we have two confluence zones
which will act as Support Zones. First
Confluence Support Zone is between
Sensex 32688-32354 and Nifty
9875-9827. Second Confluence Sup-
port Zone falls between Sens ex
30788-30724 and Nifty 9371-9293.
This week, both the indices have
managed a close above the short
term average of 20dma (Sensex -
34823 and Nifty - 10482. Both the
indices continue to remain below the
medium term average of 50dma
(Sensex - 35446 and Nifty - 10678)
and even the long term average of
200dma (Sensex - 35390 and Nifty -
10745). Thus the trend in short term
is still Bullish, whereas the trend in
the medium term as well as the long
term timeframe remains down.
MACD and Price ROC are both
in Buy mode. RSI (48) suggests
Bearish momentum. Stochastic Os-
cillator %K (62) is below %D and
hence in Sell mode. ADX (17) sug-
gests that the Down Trend has lost
all its strength. Directional Indicators
are in a Sell mode as +DI has gone
Financial Weekly
SMART
INVESTMENT
Dark Horse (Continued from page 1)
Hindustan Tinworks (530315) (68.45)
Its infrastructural strength, an unwavering commitment to delivering the
best customer experience and stringiest quality measures that are clearly
defined, strictly controlled, and firmly enforced has allowed them to continu-
ously fulfil the expectations of their longstanding clients like Asian Paints,
Amul, Bikanerwala, DS Group, Del Monte, Danone India, Haldiram, Nestle
India Ltd, Patanjali, Reckitt Benckiser, and many more.HTW supplies diverse
range of aerosol cans, food cans, beverage cans, baby food cans and can
components to a wide variety of foods, beverages, baby food, health, beauty
and luxury companies in more than 30 countries in Africa, Australia, Europe,
Middle East, New Zealand, USA, and parts of South East Asia.HTW's fully
integrated and automated manufacturing facility is supported by high-speed
automatic printing and lacquering machines. The manufacturing facility in
Murthal spreads over 10 acres (40K Sq. Mt) and houses state of the art
machines imported from countries like UK, Germany, USA, Taiwan, Italy,
Switzerland etc. It has an equity base of just Rs.10.4crore that is supported
by huge reserves of around Rs.127.41crore. The promoters hold 40.46%
while the investing public holds 59.54% stake in the company. GIC holds
4.81%, United India Insurance holds 5.02%, and Subramanian P holds 4.09%.
Its share book value works out to Rs.132.51 and the price to book value ratio
stands at just 0.52x. Company has posted strong numbers for H1FY19.
During H1FY19, its PAT zoomed 36.76% to Rs.4.65crore against Rs.3.40crore
on higher sales of Rs.179.4crore fetching an EPS of Rs.4.54. Currently, the
stock trades at a P/E of just 6.5x. It has paid 10% dividend for FY18.
Investors can accumulate this stock with a stop loss of Rs.60. It may give
very good returns in medium to long term.
SUPERHOUSE (523283 & NSE) (141)
segments. It offers finished leather; men's, women's, children's, safety,
and welted footwear; and combat boots. The company also provides leather
accessories, such as leather bags, business cases, portfolios, trolley bags,
belts and soles, etc.; leather garments, including ladies' short jackets, men's
jackets, motorcycle jackets, 3/4 jackets and vests, trousers, skirts, and cami-
soles, as well as jackets/trousers with embroidery/crochet detailing; and
breeches, riding boots, and riding products. In addition, it offers woven and
knitted garments, including ladies tops, tunics, evening dresses, trousers, and
jackets; and safety garments comprising coveralls, bib-trousers, trousers,
jackets, aprons, dust coats, chef coats, doctor coats, hi-visibility vests and
jackets, army uniforms, and fleece jackets, as well as socks and fall protection
products. The company sells its products primarily under the Allen Cooper and
Double Duty brands. Superhouse Limited also exports its products. With an
equity capital of just Rs.11.42crore and reserves of Rs.289.33crore, its book
value works out to Rs.263.36 & price to book value ratio is around 0.54x. The
promoter holds 54.88% while the investing public holds 45.12% stake in the
company. Company has posted superb numbers for Q2FY19 & H1FY19.
During Q2FY19, its PAT zoomed 739.5% to Rs.6.80crore from Rs.0.81crore
on 14% higher sales of Rs.154.11crore fetching an EPS of Rs.6.17. For H1FY19,
its PAT zoomed 270.53% to Rs.12.45crore from Rs.3.36crore in H1FY18 on
higher sales of Rs.302.36crore fetching an EPS of Rs.11.29. Currently, the
stock trades at a P/E of just 5.9x. It is regular dividend paying company and it
has paid 10% dividend for FY17. Its 52 week high rate is Rs.209.9 which was
formed on 8th January 2018. Stock almost corrected 33% from 52 week high.
Investors can accumulate this stock with a stop loss of Rs.120. It may give
very good returns in medium to long term.
Stock Wave Godrej Properties (717.30) :- It
is witnessing rebounding spurt from
(Continued from page 8) bottom of 670.20. It shows over-
on daily basis, overbought on bought to neutral position on daily
weekly basis and oversold on
basis, neutral on weekly basis and
monthly basis. On upward move-
oversold on monthly basis. On up-
ment, beyond 2625 it may witness
ward movement, beyond 723 it may
resisting level at 2645. On the down- go up to 727, 744 and 755. On the
ward movement, below 2584 it may downward movement, below 701 it
go down to 2562, 2540 and 2520. may get support at 694.
NTPC (146.00) :- It shows down- M&M (746.10) :- It shows down-
ward movement from top of 175.40. ward movement from top of 807.70.
It shows oversold position on daily, It shows towards oversold position
weekly and monthly basis. On up- on daily basis, neutral on weekly
ward movement, beyond 150 it may basis and oversold on monthly ba-
witness resisting level at 154. On the sis. On upward movement, beyond
downward movement, below 144 it 755 it may go up to 761 with resist-
may go down to 134 and 130. ing level at 770. On the downward
Wipro (307.10) :- It shows down- movement, below 743 it may go
ward movement from top of 335.40. down to 738, 732 and 715.
It shows towards oversold position Disclosure : The Recommendations are
on daily basis, neutral on weekly based on technical analysis. There is a risk of
basis and overbought position on
loss in trading.
monthly basis. On upward move- Disclaimer :- Investment rec-
ommendations made in Smart In-
ment, beyond 311 it may go up to
vestment are for information pur-
317 with resisting level at 322. On
pos es only and derived from
the downward movement, below 306
source that are deemed to be reli-
it may go down to 302, 297, 290 and
285.
able but their accuracy and com-
pletenes s are not guaranteed.
below -DI. MFI (57) suggests Posi- Smart Investment or the analyst /
tive Money Flow. OBV is making writer do not accept any liability
for the use of this column for the
lower top lower bottom formation.
Thus majority of Oscillators are sug- buy ing or selling of securities.
gesting a Bearish bias. Readers of this column who buy
or sell securities based on the in-
Options data for November se-
ries indicate highest Call Open In- formation in this column are soley
teres t is at the strik e of 11000 responsible for their actions. The
whereas the highest Put build-up is author, his company or his ac-
at the strike of 10000. Thus Options quaintance may / may not have
data suggests a wide trading range positions in the scrips featured
with resistance at 11000 & support herein.
at 10000.
Financial Weekly

SMART
INVESTMENT
th th
2425 June 301thst June
toto
Nov. Dec. 2018 7
Techno Funda Last week's performance
Stock Recommended High
Dr Reddy's (Rs. 2,602.00)
(Code: 500124) :- A US Court has
Dalal The land is estimated to fetch the
company Rs. 600-650 crores.
sound stocks Price Price vacated the injunction that prohib- Street Max Fin. (Rs. 424.00) (Code:
HDFC 1889 1907 ited Dr Reddy's from selling its ge-
neric version of Suboxone
Whispers 500271) :- The company's promot-
ers have secured release of 11.50
Sachin Shah HDFC BANK 2004 2035 Dilip K. Shah lakh shares that were pledged with
(buprenorphone and nalozene) sub-
(Mumbai) RELIANCE IND 1127 1156 lenders.
lingual film in US. A lot of movement (Code: 500165) :- While other paint
is being seen in the stock in the wake shares have been outperforming, Reliance Industries (Rs.
Aarti Ind. (524208 & NSE) (1469) (FV 5) of the ruling. shares of Kansai Nerolac have 1,102.00) (Code: 500325) :- Reli-
Adani Gas (Rs. 111.00) (Code: underperformed. Sharp fall in crude ance Jio has received an order of 2
With 16 manufacturing
542066) :- Adani Gas shares have prices is benefiting paint companies. lakh subscribers from Railways. The
units, Aarti Industries is a
been rising since their listing a few Dixon Techno (Rs. 2,058.00) order was earlier with Bharti Airtel.
leading Indian manufacturer
of Speciality Chemicals and weeks ago. The share has been hit- (Code: 540699) :- A number of com- Kamat Hotel (Rs. 43.00)
Pharmaceuticals with a glo- ting the 20% upper circuit after the panies from China, Japan, Turkey (Code: 526668) :- The share has
bal footprint. Chemic als firm bagged the license from PNGRB and Germany are eyeing manufac- not participated in the rally seen in
manufactured by Aarti are to expand its retail business to 13 turing facilities in India in view of anti- hospitality shares, and is attractively
used in the downs tream Geographical Areas. dumping duty imposed on white valued now.
manufacture of pharmaceu- Aarti Industries (Rs. 1,468.00) goods products. This can lead to Uniply Ind. (Rs. 60.00) (Code:
ticals, agrochemicals, poly- (Code: 524208) :- The share has 'achhe din' for Dixon and other com- 532646) :- The company's promot-
mers, additives, surfactants, pigments, dyes, etc. During September Qtr, surged 19% since announcement panies which manufacture AC, re- ers have increased their stake in
its PAT grew by 57% to Rs.122.92 crore on 46% higher sales of Rs.1299.52 of Q2 results. Both revenue and frigerator, washing machines, etc. on associate company Madras Ele. by
crore. For half year ended September-18, its PAT increased by 50% to profit are expected to go up due to job-work basis. buying 15 lakh shares.
Rs.212.2 crore on 42% higher sales of Rs.2378 crore. Aarti Inds at 1469, is Disclosures as per SECURITIES AND EX-
capacity expansion and new con- CG Power (Rs. 40.00) (Code: CHANGE BOARD OF INDIA (Research Analysts)
trading above 5,10,20,50,100,200 day exponential moving average on daily tracts. 500093) :- After correcting in the past Regulation, 2014; • I and / or my clients may have
charts & its super trend indicator in buy mode on daily, weekly and monthly Rajesh Exports (Rs. 570.00) few months, the stock is in consoli- investment in this stocks • I/My family have no
charts. MACD is also in buy mode on daily, weekly and monthly charts. financial interest or beneficial interest of more than
(Code: 531500) :- The company has dation stage. The company is in talks 1% in the company whose stocks I am recommend-
Stock can be bought with a target of 1800 within 12 to 15 months. bagged a Rs. 933 crores order from ing • Stop loss is useful for Short / Medium Term
with Reliance MF and HDFC MF for
investor Only • Smart Investment will not be re-
Aurobindo Pharma (524804 & NSE) (789) (FV 1) UAE. The company is also in the pro-
cess of launching new products.
a stake sale. sponsible / liable for any loss arising out of invest-
Raymond (Rs. 813.00) (Code: ment based on tis advices • Past performance may
Aurobindo Pharma has Shine can be seen in the share. or may not be substainedin future " (Dilip K. Shah)
500330) :- The company has de- Re sear ch Anal yst : SE BI R egn No. :
presence in more than 150 JK Tyres (Rs. 102.00) (Code: cided to sell 20 acre land in Thane. INH000002152
markets globally with 26
530007) :- Higher production and
manufacturing facilities and
lower demand of sheet rubber, which
20000 employ ees world-
wide. Being the market
is used in tyre manufacturing, has TECHNICAL TALK -Dhananjay Kadam
led to 5% decline in prices. Declining
leader in Semi-Synthetic TECHNICAL ANALYST, M. 7588622374
Penic illin's , Aurobindo crude oil prices will also benefit tyre
Pharma has a presence in
key therapeutic segments
companies such as JK Tyres, MRF,
Ceat, Apollo Tyres, etc. Stocks to buy for handsome
such as neurosciences (CNS), cardiovascular (CVS), anti-retroviral, anti-
diabetics, gastroenterology and Anti-biotics. It has registered a strong per-
PNC Infra (Rs. 155.00) (Code:
539150) :- The share has gone up gains in this volatile market
formance in sales on sequential QoQ basis with a strong growth of 11.61% by 7% in past one week with trading Nifty : Nifty crossed 10630. Next resistance is 10890. In coming week,
in September qtr from Rs.4186.56 crore to Rs.4667.12 crore and net profit volumes of 2.5 lakh. The company NF may consolidate. Range can be between 10630 - 10890.
grew by 34.19% to Rs.611.43 crore compared Rs.455.66 crore on sequen- has reported two times rise in Stock Review :- After starting to write articles in Smart Investment, the
tial QoQ basis. Aurobindo Pharma trading at 789, is trading above 10, 20, standalone net profit for the quarter. stock suggested here have made very good gains.
50, 100, 200 day exponential moving average on daily charts & its super It has orders worth Rs. 14,900 1.Universal Cables :- Recommended Price Rs 240. High made was
trend indicator in buy mode on daily, weekly and monthly charts. MACD is crores. It is expected to report strong Rs 349.8 i.e 46% gains.
also in buy mode on weekly and monthly charts. Stock can be bought with 2. VIP Inds : Recommended Price Rs 430. High made Rs 484 i.e
growth in income and profit for next
a target of 960 within 12 to 15 months. 12.56% gains.
2.5 years.
3. Kilitch Drugs : Recommended Price Rs 159. High made Rs 208.80
Apollo Hospital (508869 & NSE) (1214) (FV 5) HEG (Rs. 4,350.00) (Code:
509631) :- The company's board is
i.e 31.32% gains.
Apollo Hospital is the 4. Sterlite Tech : Recommended Price Rs 346. High made Rs 399.90
slated to meet on November 26 to i.e 15.58% gains.
leading player in the Indian decide on share buyback.
hospital segment by geo- 5. Balrampur Chini : Recommended Price Rs 100. High made Rs
SpiceJet (Rs. 82.00) (Code: 119.60 i.e 19% gains.
graphic presence, business
500285) :- From $ 86 per barrel, After State Elections, LokSabha elections are on cards in 2019. This
span and breadth of service
offerings. It now has over crude prices have fallen to $63 a quarter, is full of festive season.
10,000 beds across 70 hos- barrel in a month or so. Fuel cost After Diwali, Christmas and New-year celebration are next. Liquor is
pitals , 3167 pharmacies , accounts for nearly 50% of aviation one such sector, where sales volume increases during this part of the year.
over 172 primary care & di- companies' operating costs. Spicejet I like one company, in this sector. It's looking good on chart. Also fundamen-
agnos tic c linic s,148 and Indigo are also benefiting from tals are good.
telemedicine units across 13 countries, health insurance services, global financial headwinds being faced by
Jet Airways.
Radico Khaitan : CMP 437
projects consultancy, 15 academic institutions and a Research Foundation
* India's fourth largest and third most profitable spirit company. * IMFL
with a focus on global clinical trials, epidemiological studies, stem-cell and JK Paper (Rs. 166.00) (Code:
Brands : 8 PM Whiskey, Magic Moment's Vodka and Morpheus Brandy. *
genetic research. For half year ended September-18, its PAT increased by 532162) :- The shutting down of a
Commands 50 % share of India's Vodka market. * Radico Khaitan operates
31.13% to Rs.139.14 crore compared to Rs.106.11 crore on 13.13% higher unit of Ballarpur Industries over pol- three distilleries and one JV with total capacity of 150 million litres. It also has
income of Rs.4000.51 crore. Apollo Hospitals at 1214, is trading above lution issues is helping other paper
5,10,20,50,100,200 day exponential moving average on daily charts & its 33 bottling units
companies. Shares of Star Paper,
super trend indicator in buy mode on daily, weekly and monthly charts. spread across the
Orient, and TNPL, are also seen country. * Leading
MACD is also in buy mode on daily, weekly and monthly charts. Stock can benefiting.
be bought with a target of 1600 within 12 to 15 months. exporter of bever-
Kansai Nerolac (Rs. 445.00) age alcohol from In-

Smart Picks Expert in financial analysis (Mumbai )

E-mail : rohan.nalavade@yahoo.com SMART
dia. Radico brands
are present in over
60 countries and
Rohan Nalawade have built a strong
INVESTMENT
Selling Pressure to continue English & Gujarati
equity with the con-
sumers. * Consis-
NIFTY facing strong resistance at higher levels 10790 and fell down to- tent product quality and innovative packaging have been the hallmark of our
wards 10500 now 10650-700 is having strong resistance and selling oportunity Soft Copy on International product offerings. The local markets are fully supported by Mar-
can be taken around 10690 -700 levels , sell on rise can be seen next week till
10440 levels. 10440 is strong support , for the bulls and if cracks then selling
Every Saturday keting, Advertising & Promotional activities. * Magic Moment's Vodka and
Morpheus Brandy have already started creating waves in the International
will continue for 10200-9500 levels , buying trend will be strong only above Evening Markets and are available in some of the most evolved markets including
10750 levels between these levels range can be formed and then a breakout
will take December series contract will start next week and state election will in your Mailbox USA, Canada, UK, Singapore, etc. * Radico is also one of the largest Distillers
have a major effect in market if BJP wins rally will start in market and if lose then of Ethyl Alcohol in Asia. * Company has posted good set of numbers with
a negative effect will show in market
and can correct for 2-3 months till
march, and these s tate elect ion of Buy... Buy... Buy on Dips Hold Sell on High
Rajasthan ,Madhya pradesh etc, will Malu Paper 43.00 Apollo Tyres 226.00 Titan 914.00 Siemens 918.00
play important role for the upcoming SBI 282.00
lokh sabha elections in 2019 May, so RCF 60.00 Taj GVK 164.00 Aarti Ind. 1468.00
Madras Fert. 20.00 Ajanta Pharma 1112.00 HCL Techno 979.00
market will take direction as per result. Indusind Bank 1529.00
So trade cautiously before election Voda- IDEA 41.00
Suprajit Engg. 215.00 JSW Steel 319.00 Sagar Cement 693.00 BOB 109.00
and after results can take major posi-
tion , in market for a big move. Trident 66.00 KNR Const. 190.00 M M Forgning 616.00 Sail 60.00
Stocks to watch out for Agri Tech 60.00 Deepak Fert. 180.00 Cholamandalm 1314.00 Cummins (I) 767.00
• BPCL is sell below 322 for 310- Orchid Hotel 120.00 J. K. Paper 166.00 Hindalco 217.00
United Breweries 1302.00
305 sl 328 • IOC is sell below 141 Cadila HC 353.00
for 135-130 sl 148 • HINDALCO is
Sanghi Ind. 62.00 Chambal Fert. 151.00 Astral Poly 1053.00
Tata Steel 539.00
sell only around 220 for 210-205 sl Federal Bank 80.00 Taj GVK 169.00 Solar Ind. 1025.00 Bajaj Auto 2594.00
225 • YES BANK is sell at 196 for Vivimed Labs. 41.00 8 K Miles 144.00 MRF 67542.00 Pidilite 1153.00
190-185-180 sl 205 • M&M is sell be- EIH Associates 314.00
Vakrangee 25.00 BPCL 327.00 GATI 90.00
low 750 for 720 sl 761

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 Financial Weekly

8 25th Nov. to 1st Dec. 2018

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INVESTMENT

Postal Regd. No. GAMC - 1703/2018-2020 issued by SSP Ahd. Valid up to 31 December 2020
Published on Every Sunday “Permitted to post at Ahmedabad PSO on every Monday (weekly) under
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124 Four session week turns negative
w w w. c h a r t s a n k e t s t o c k . c o m The week under report had just
port from other pivotal. Mid and Small
Expert’s Eye
four ses sions as Friday was the
cap counters too gained on fresh
Important supports for Index at 34672 holiday on account of Guru Nanak
buying support.
Jayanti. While week started on a firm
and for Nifty Future at 10460 positive note, it lost the grip and kept
Dilip Davda Markets opened on a lower note
on Tuesday with a caution as global
BSE Index (34981.00) :- After going up to 35818.13 it is moving down- sliding from second sessions and fi- e-mail : dilip_davda@rediffmail.com
markets were showing weakness.
ward. It shows oversold position on daily basis, overbought on weekly basis nally marked hat trick of losses by
weekly LOSS of -155.45 points for More selling pressure emerged post
and towards oversold on monthly basis. On upward movement, beyond Thursday. Even when Rupee was
NSE Nifty and -476.14 points for noon and finally markets closed with
turning stronger against Dollar and
35075 it may go up to 35230 with resisting level at 35365. On the downward BSE Sensex. big losses. NSE Nifty lost 107.20
Crude was sliding to recent new
movement, selling spree may increase below 34672. With gap up opening on Monday, points to end the day at 10656.20
lows, global worries coupled with
Nifty Future (10518.00) :- Having touched 10779.40, it is moving down- our markets staged smart gains with and BSE Sensex marked deficit of
domestic factors like draught like
ward. It shows oversold position on daily basis, overbought on weekly basis renewed support from bulls. NSE 300.37 points to close at 35474.51.
situation in many parts, three state
and towards oversold on monthly basis. On upward movement, beyond Nifty scored 81.20 points to close at Global market weakness kept a tab
elections and the RBI-GoI tussle kept
10545 it may go up to 10515 with resisting level at 10615. On the downward 10763.40 and BSE Sensex gained and we marked doom as Reliance,
market men on their toes. In particu-
movement, below 10511 it may go down to 10495, 10460, 10400, 10355 and 317.72 points to end the day at IT, FMCG, Metal and Infra counters
lar, last two days fall is attributed to
10315. 35774.88.Rise in market attributed met with selling spree. Market ar-
bleak chances of BJP in forthcom-
to likely settlement between RBI and rested last three sessions gaining
Bank Nifty Future (25998.35) :- Having touched 26409.70 on upper ing three state elections. While Nifty
Goi on their ongoing differences of streak.
side, it is moving downward. It shows towards oversold position on daily c losed the week abov e 10.5K,
opinion on monetary aspect. Bank- On Wednesday markets opened
basis, overbought on weekly basis and towards oversold on monthly basis. Sensex failed to close above 35K
ing sector lead the rally and got sup- firm with a positive note, but contin-
On upward movement, beyond 26085 it may go up to 26115, 26340 with and thus spoiled the mood of bull
ued profit booking at every rise kept
resisting level at 26410. On the downward movement, below 25900 it may operators. Dividend announcement a tab on sentiment that turned weak
go down to 25820, 25565, 25300 and 25040. As can be seen from the table Siemens (350%) etc. and finally markets closed in red.
Bajaj Auto (2590.35) :- It shows downward movement from top of below, during the week, indic es
Ex Bonus NSE Nifty marked deficit of 56.15
2745. It shows towards oversold position moved in the range of 10774.70-
(Cont. on P. No. 6) 10512.00 and 35818.83-34937.98 for Jiya Eco (1 for 1)
points to close at 10600.05 and BSE
Sensex lost 274.71 points to end
NSE Nifty and BSE Sensex respec-
Golden quote :- tively. Bonus Issue Meet
“Ego Never accepts the truth” For the week, we witnessed net White Organic (17-12-18) (Cont. on P. No. 6)

Terrific Shots - Dilip K. Shah Smita N. Zaveri

Lumax Auto (Rs. 181.00)
(Code: 532796) :- Shares of this
auto parts equipment sector company
are listed in B Group and have face
value of Rs. 2. The shares touched a
high of Rs. 224 and low of Rs. 121 in
the last 52 weeks. It supplies lighting,
chassis and gear shafts to auto play-
ers. It is the only domestic company
in India to have R&D facility for gear
shift levers. It has a retail touch-point
reach of 10,000, which it plans to in-
crease to 15,000 in three years. It
plans to double sales from existing
Rs. 200 crores in three years. Pas-
senger car segment accounts for
40% its business, and it has a 70%
share of the gear shift lever market.
For September quarter, consolidated
sales grew 37% to Rs. 368 crores,
while profit was up 76% to Rs. 17.79
crores. It is getting strong orders, and
its income is expected at a CAGR of
20 to 25%. The stock can be seen
crossing Rs. 200 in the short term,
and touch newer highs going ahead.
Hester Bio (Rs. 1,155.00)
(Code: 524669) :- The shares of
this animal healthcare company are
listed in B Group, and have face value
of Rs. 10. The share touched a 52-
week high of Rs. 1,949, and low of
Rs. 1,039. It makes a range of poul-
try vaccines, large animal vaccines,
poultry health products, and large
animal health products. Its product
portfolio comprises over 50 vaccines,
and over 35 health products. For
September 2018 quarter, it reported
income of Rs. 42.54 crores and profit
of Rs. 9.93 crores. For the first half of
the year, income rose 20% to Rs.
80.8 crores, whereas profit was up
30% to Rs. 19.6 crores due to lower
tax outgo. The company has strong
fundamentals and can be picked with
a long term view. Matrix Research
has given a 'Buy' rating with a target
price of Rs. 1,620.
IGL (Rs. 265.00) (Code:
532514) :- Shares of this leading city
gas distribution company are listed in
A Group. The share touched a 52-
week high of Rs. 344 and low of Rs.
215. Gas demand from industrial and
commercial customers has grown by
25%. Industrial and commercial seg-
ments account for 11% of its sales,
piped natural gas 25%, and the rest
from CNG. The company is set to
expand its operations to Gurgaon,
which is a very promising market. It
has also bagged licenses for Rewari
and Barnala. It will benefit from UP
government's decision to lower VAT
on natural gas to 10%. For Septem-
ber quarter, IGL reported income of
Rs. 1,569 crores, and net profit of
Rs. 187.28 crores. Operating profit
margin was 21.71%, and net profit
margin 11.94%. Its volumes are ex-
pected to grow by 11-12% due to fo-
cus on PNG segment. One can pick
this stock for the long term.
Oberoi Realty (Rs.424.00)
(Code:533273) :- Realty sector
company has witnessed improve-
ment in sales in its projects except its
high-end residential project in Worli in
Mumbai. The company witnessed
slump in sales in previous quarter due
to demonetization, GST and RERA.
It sold 84 apartments in September
quarter, which stood at 40 in the pre-
vious quarter. It has sold 21 apart-
ments in Goregaon, 39 in Boriwali and
19 in Mulund. Moreover, the pre-sales
in September quarter touched to
Rs350 crore from Rs290 crore in the
previous quarter. It has bought land
worth Rs550 crore in Thane area in
September quarter. In September
quarter, it witnessed consolidated in-
come of Rs303.52 crore and other
income of Rs4.97 crore and profit of
Rs103.45 crore. The stock has come
down to 52-week low so it can be
considered for investment. It may
witness improvement after settling
down at lower level.
NCC, Jamna Auto, Shivalik Bimetal, Orient Cement
NCC (Rs. 87.00) (Code: 500294) :- Shares of this A Group listed
construction and engineering company have face value of Rs. 2. The shares
touched a high of Rs. 141 and low of Rs. 63 in the last 52 weeks. The
company undertakes projects related to roads, electric, irrigation, railway,
power, etc. It has recently bagged Rs. 408 crore orders. Its revenues and
profit are expected to grow at a CAGR of 26% and 20% respectively. For
September quarter, it reported consolidated income of Rs. 3,243 crores,
which was Rs. 1,504 crores last year, whereas profit surged by over 4000%
from Rs. 3.01 crores to Rs. 122.51 crores. While shares of other companies
operating in the space are trading at PE multiple of 22, NCC shares are
quoting at just ten times the earnings. Dolat Capital has given a 'Buy' rating
on the stock with a target price of Rs. 166.
Jamna Auto (Rs. 73.00) (Code: 520051) :- Shares of this auto
parts and equipments manufacturer are listed in B group and have face-
value of Re. 1. The share touched a 52-week high of Rs. 103 and low of Rs.
59. It is India's largest and world's third largest manufacturer of tapered leaf
spring and parabolic spring for automobiles. It has diversified its portfolio,
which also includes life axles and air suspensions, among others. It has
technical collaboration with US-based Ridewell. Its market share in India is
73%, and its clients include Toyota, Ashok Leyland, Tata Motors, Force
Motors, and SML, among others. For September quarter, its consolidated
income went up from Rs. 386 crores to Rs. 548 crores. Net profit rose 21%
from Rs. 20.62 crores to Rs. 35.51 crores. The company has declared 50%
dividend recently. HDFC Securities has given a 'Buy' rating with a target
price of Rs. 100.
Shivalik Bimetal (Rs 90.00) (Code: 513097) :- Shares of this
electronics components manufacturer are listed in X Group and have face
value of Rs. 2. The share touched a 52-week high of Rs. 143 and low of Rs.
76. It has a wide range of products, (Cont. on P. No. 6)

Nifty 10525 crucial
The weakness in world markets is
dragging our markets down. In the last
Diwan-E-Khas
week in three days DOW lost 1000 A.J. Diwan (Mumbai)
E-mail :
points. The gain of 2018 is vanished in divanconsultancy@rediffmail.com
the last week.
Our markets are not responding fully the fall of crude price and appre-
ciation of rupee against dollar. As far as Nifty is concern 10550/525 should
remain intact. If these levels are taken out on down side, we may see level
of 10480.on upper side 10700 is resistance level.
As projected in Diwali issue JSW steel touched 325. This is break level
foe the share.
Siyaram Silk is good investments for long term Investors. The buying
range is between Rs. 365/70. We expect 15 to 20 % returns.
Our all recommendations are subject to political factors. If NDA is get-
ting set back in state or central election, Market may react negatively.
In steel sector some bad news are there. Tata Steel, Vendata, Jindal
and Hindalco are not sustaining at higher levels any rise in market, all these
shares are good shorts.
Adani port is going up.In the last week are price went up by Rs.12. The
share has potential to go up to its resistance level of rs.375.
Bata India; Share price has gone up from Rs.900 to Rs.1000 plus. Now
share is in profit booking zone. Keep stop loss of Rs.990 and go short,
Target is Rs. 955.
Indigo looks good for buying on any Decline. If share price remains
above Rs.1010, It has potential to go up to 1080.
Reliance for uptrend share should close above Rs.1040. Jet is now
very specious share as three Directors resigned. The reason should be out
for resignations. Share has resistance at Rs.210
Commodities Chart & Levels Bharti Joshi CFA,
SEBI Registered Research Analyst / www.multibaggers.co.in
Gold :- Short to Medium term trend of Gold
is down and currently is in Consolidation zone
30,600-31,150. IF the support of 30,600 is broken
then there is strong probability to move up to
the levels of 30,250. Below that we could slip-
page up to 29,950 then 29,300. WE could the
bullishness only above 31,150 till that is advis-
able to sell on rise. Above that rally expected to
continue till 31,770 and above that 32,130.
Silver :- Short term trend ofSilver is sideways.
From last few trading session it is ranging between
36,350 -37,150. As its intermediary trend is
down,below support of 36,350 we could see level
up to 35,900. Upward side breakout is only above
37,150 above that we could see rally upto 38,000.
Crude :- Short term trend of Crude is Down.
From last 2 months, Crude has corrected severely,
nearest support comes near 3750 below that next
support is 3598. Strong up move is expected only
above 4150 on closing basis and above that we
could see rally up to 4870. In upcoming days, we
could see sell on rise as both short and medium
term trend is down.

Printed by Dilip K. Shah, Published by Dilip K. Shah, Owner by Dilip K. Shah. Printed at Allied Offset Printer Pvt. Ltd. 14/2, Kalidas Mill Compound, Gomtipur, Ahmedabad-
380021. Published from 311 to 313, Nalanda Enclave, Opp. Sudama Resorts, Pritam Nagar1st Dhal, Ellis bridge, Ahmedabad. Editor : Dilip K. Shah

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