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52
GAMC No. :1703/2018-20. Issued by SSP Ahd. Valid up to 31-12-2020

VOL : 12 • Issue No: 28 RNI No : GUJENG / 2008 / 24320 25th Aug. to 31st Aug. 2019
FII Activity (Rs. in Cr.)

Date Buy Value Sell Value Net Value
05-08-19 4778.51 6795.24 -2016.73
06-08-19 5109.85 7217.78 -2107.93
07-08-19 5240.25 5623.91 -383.66
08-08-19 5428.61 5866 -437.39
09-08-19 4734.7 4530.97 203.73
TOTAL 25291.92 30033.9 -4741.98
DII Activity (Rs. in Cr.)
DATE BUY VALUE SELL VALUE NET VALUE
05-08-19 4950.94 3079.67 1871.27
06-08-19 5481.75 3192.7 2289.05
07-08-19 3990.96 3459.4 531.56
08-08-19 4192.61 3901.32 291.29
09-08-19 4568.72 3961.8 606.92
TOTAL 23184.98 17594.89 5590.09
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Financial Weekly
SMART 25th August to 31st August 2019 4

INVESTMENT
Alphalogic Techsys Ltd

There is logic in investing
Alphalogic Techsys Limited provides a range of services including Product re-

engineering, Prototyping, Mobile Application development, SAAS software
development, Data Analytics & BI, Artificial Intelligence, etc. Alphalogic's cli-
ents range from early stage startups to Fortune 500 companies
Corporate Feature Issue Details

Alphalogic Techsys Limited is a Soft- Issue Open : 26th August, 2019
Issue Closes : 28th August, 2019
ware Solutions Company with its develop- Issue Price : Rs. 84 Per Equity Share
ment center in Pune. Alphalogic helps its Issue Type : Fixed Price Issue IPO
Issue Size : 7,36,000 Eq Shares of Rs 10
clients with their digital transformation
Total Issue Size : Rs 6.18 crore
needs. The company provides a range of Face Value : Rs 10 Per Equity Share
services including Product re-engineering, Market Lot : 1600 Shares
Min Lot : 1600 Shares
Prototyping, Mobile Application develop- Listing : BSE SME
ment, SAAS software development, Data
Analytics & BI, Artificial Intelligence, etc. Alphalogic Techsys’ Financials
Alphalogic's clients range from early stage Particulars Year / period ended (in Rs. Lakhs)
31-Mar-19 31-Mar-18 31-Mar-17
startups to Fortune 500 companies. Total Assets 415.40 8.64 120.17
Total Revenue 501.21 218.33 188.84
Alphalogic Techsys Limited is going to
Profit After Tax 219.05 37.09 33.86
enter into the capital market via

Clients
Startups IPO. The BSE Startups
Platform was started in 2018
with an aim to encourage new-
age entrepreneurs to list their
companies on BSE, which is
India's prominent stock ex-
Cont...
Financial Weekly

INVESTMENT
Process Development
Discovery Strategy Design Testing Launch
Competitive Strengths
1. End-to-end technology services and solutions
2. A long-standing relationship with clients
3. Domain experts
Objects of the Issue change. This platform endeavors to

A. To meet the working capital requirements (Rs 500.00 Lakh)
strengthen the startup eco-system in the
B. To meet the Issue Expenses (Rs 47.20 lakh)
C. General Corporate Purposes (Rs 71.04 Lakh) country, andAlphalogic Techsys Limited
Products became one of the first two companies to
1. Alphalogic' Business Process Automation suite qualify for listing on this platform.
2. Business Process Management Software (BPMS)
The company has been growing at a
CAGR of 40% in the last 4 years. In FY
Alphalogic one of the first two compa- 2018-19, the company clocked a stupen-
nies qualified for listing on Startups dous growth rate of 120 per cent. The
Platform company has its clientele in more than 12
countries around the world, and has al-
ready worked on some major projects in
the US healthcare domain. With a team of
The BSE Startups Platform was started in 2018 with an seasoned technocrats, the company en-
aim to encourage new-age entrepreneurs to list their compa-
nies on BSE. Alphalogic Techsys Limited has become one of
sures cutting-edge technological solutions
the first two companies to qualify for listing on this platform. for its clients.
Recently, Alphalogic submitted its Draft Red Herring Prospec-
tus to the BSE. The company's DRHP was unveiled in a Commenting on the development, Mr.
formal ceremony during the SME summit, which was orga-
nized by the BSE on the occasion of the World SME Day to
Anshu Goel, Managing Director,
commemorate the 300th listing on the Exchange. Hon. Finance Alphalogic Techsys said "While having
Minister of Maharashtra, Mr. Sudhir Mungantiwar unveiled the
DRHP along with Hon. Employment Minister of the state, Mr. witnessed exponential business growth
Jayakumar Rawal. Mr. Anshu Goel, Managing Director of
Alphalogic and Mr. Dhananjay Goel, Director of the company
in India and abroad, we are really glad to
were also present on the occasion along with other high profile take Alphalogic to yet another level with
dignitaries.
its successful listing on BSE Start-up
The company has been growing at a CAGR of 40% in the last 4 years. In FY 2018-19,
the company clocked a stupendous growth rate of 120 per cent. The company has
its clientele in more than 12 countries around the world, and has already worked on
some major projects in the US healthcare domain
Cont...
Financial Weekly

INVESTMENT
Platform. With the raised funds we aim Promoters of Alphalogic

Mr. Anshu Goel : Mr. Anshu
at expanding into new clientele and ex- Goel(aged 35 years) is the Managing Di-
pand the team in order to leverage vari- rector, CFO and Promoter of the company.
He holds a degree in Computer Engineer-
ous organic and inorganic opportunities ing from Pune University, Pune Institute of
Computer Technology (PICT). He has over
targeting accelerated growth." 13 years of rich experience in the field of
Alphalogic Techsys Ltd is engaged Information Technology. He has a successful track record of
running IT business for over a decade. He started his busi-
in offering end-to-end technology solu- ness in the name of M/s. AGS Technologies (Proprietorship
tions, technology consulting services firm of Mr. Anshu Goel) dealing in IT/Software Industry in the
year 2008. He has been on the board of the company since
and support. Alphalogic Techsys has incorporation. He has a successful track record of leading go-
to-market teams across all types of markets from large enter-
clients in India and multiple locations prises to emerging and medium-sized tech companies.
such as Australia, the USA and the UK. Mr. Dhananjay Subhash Goel
The services range of the company in- Mr. Dhananjay Subhash Goel(aged 30
years) is the Executive Director and Promoter
cludes mobile application development, of the company. He holds a degree in Com-
puter Engineering from Vishwakarma Insti-
data analytics services, UI/UX consult- tute of Technology (VIT) from University of
ing, web application development, and Pune. He has been on the board of the com-
pany since incorporation and having more than 8 years of expe-
business intelligence. The services of- rience in Information Technology industry. He has been a long
fered by the company covers various time full-stack developer and devops specialist. He helps lead
our development teams and enjoys working with clients to build
sectors including Software-as-a-service scalable products with a solid market fit. He is responsible for
delivery of projects to our clients. He has experience of deliver-
(SAAS Software), Healthcare, Social ing complex technology projects across various domains espe-
Networking, Fintech, E-commerce, and cially in the Healthcare sector.
many others. Alphalogic Techsys improves the services offered to the clients by custom-
izing the offerings from time to time based on clients' needs.
Alphalogic was established in April 2016 and since then growing at a fast pace. Though,
Alphalogic commenced its operations 3 years ago, the founders of the Company have been
running the business in the same space for more than 10 years. The collective experience of
the founders in the Information Technology space is of more than 2 decades and which is
helping the company to grow by leaps and bounds.
***
Financial Weekly

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Financial Weekly

INVESTMENT
Rapid Fire Stocks
- Kalpna J (Email- Kjtech79@gmail.com)
(Ring : 97690 37711) Twitter : @Kj_TechTrades
ICICI Prudential
Buy at CMP : 382 , Target - 444-540 ,SL- 339,
Time Frame 12 to 24 Months (Add in Dips)
ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) is promoted by ICICI
Bank Limited and Prudential Corporation Holdings Limited. ICICI Prudential Life began its opera-
tions in fiscal year 2001 and has consistently been amongst the top players* in the Indian life
insurance sector. The Assets Under Management (AUM) as on 31st March 2018 were ?1,395.3
billion.
ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) is promoted by ICICI
Bank Limited and Prudential Corporation Holdings Limited.
ICICI Prudential Life began its operations in fiscal year 2001 and has consistently been amongst
the top players* in the Indian life insurance sector. Our Assets Under Management (AUM) as on
31st March 2019 were `1,604.10 billion.
At ICICI Prudential Life, we operate on the core philosophy of customer centricity. We offer long
term savings and protection products to meet different life stage requirements of our customers.
We have developed and implemented various initiatives to provide cost-effective products, supe-
rior quality services, consistent fund performance and a hassle-free claim settlement experience to
our customers.
In FY2015 ICICI Prudential Life became the first private life insurer to attain assets under man-
agement of `1 trillion. ICICI Prudential Life is also the first insurance company in India to be listed
on NSE and BSE.
Vision
To build an enduring institution that serves the protection and long-term saving needs of cus-
tomers with sensitivity.
Cont...
Financial Weekly

INVESTMENT
IndiGo
Buy at CMP : 1621, Target - 1785 - 1990,
SL- 1440, Time Frame 12 to 24 Months ( Add in Dips)
IndiGo is a low-cost airline headquar- Category No. of shares (%)
tered at Gurgaon, Haryana, India. It is the
Promoters 147,057,717 38.26
largest airline in India by passengers car-
ried and fleet size, with a 39.9% market ForeignPromoter 140,994,906 36.68
share as of February 2018. It is also the ForeignInstitutions 48,573,113 12.64
largest individual Asian low-cost carrier in NBanksMutualFunds 28,460,274 7.40
terms of jet fleet size and passengers car- GeneralPublic 10,076,646 2.62
ried, and the Seventh largest carrier in Others 8,731,406 2.27
Asia with over 46 million passengers car-
FinancialInstitutions 512,776 0.13
ried in 2017. The airline operates to 50
destinations both domestic and international. It has its primary hub at Indira Gandhi International
Airport, Delhi.
The airline became the largest Indian carrier in passenger market share in 2012. The company
went public in November 2015.
cost airline headquartered at Gurgaon, Haryana, India. It is the largest airline in India by passen-
gers carried and fleet size, with a 39.9% market share as of February 2018. It is also the largest
individual Asian low-cost carrier in terms of jet fleet size and passengers carried, and the Seventh
largest carrier in Asia with over 46 million passengers carried in 2017. The airline operates to 50
destinations both domestic and international. It has its primary hub at Indira Gandhi International
Airport, Delhi.
The company operates its flights under the IndiGo brand. IndiGo primarily operates in India's
domestic air travel market as a low-cost carrier. It has a fleet of 160 aircraft including 32 new gen-
eration A320 NEOs and 5 ATRs. IndiGo currently operates flights connecting 50 destinations - 42
domestic and 8 international. InterGlobe Aviation was originally incorporated in Lucknow as
InterGlobe Aviation Private Limited a private limited company under the Companies Act 1956 on
January 13 2004 with the Registrar of Companies Uttar Pradesh and Uttaranchal at Kanpur. Pur-
suant to a special resolution of the shareholders of the Company on June 30 2006 the Company
was converted into a public company and the name of the Company was changed to 'InterGlobe
Aviation Limited' subsequent to which a fresh certificate of incorporation was issued by the Regis-
trar of Companies National Capital Territory of Delhi and Haryana on August 11 2006.
On 23 December 2017 InterGlobe Aviation announced that IndiGo on 22 December 2017 be-
came the first Indian carrier to operate 1000 plus flights in a day.IndiGoalso took the delivery of its
31st Airbus A-320 Neo aircraft on the same day to join its ever growing fleet making the first Indian
carrier with 150 aircraft fleet
Cont...
Financial Weekly

INVESTMENT
TCS
Buy at CMP 2216 - Targets - 2333- 2500,
Time Frame - 5 to 12 Months ( Add in Dips)
TCS Positioned as a Leader and Star Performer in Finance and Accounting Outsourcing by
Everest Group Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT
services, consulting, and business solutions organization, has been positioned as a Leader and
Star Performer in Everest Group’s PEAK Matrix™ for Finance and Accounting Outsourcing (FAO)
Services
TCS received the highest overall buyer satisfaction score among all the providers listed in the
report. Cited as a key strength was its Machine First™ Delivery Model (MFDM™), a framework
coupled with digital levers such as automation, analytics, and Al that enhance business outcomes.
The report also highlighted TCS’ strong ecosystem of digital solutions that leverage both in-house
tools (such as ignio™ for Al and TAP™ for accounts payable) as well as third-party RPA providers.
TCS Doubles Down on Japan Investment: Hikes Stake in JV with Mitsubishi Corporation
Tata Consultancy Services Reiterates Commitment to Japanese Market by Increasing Equity
Stake in TCS Japan to 66 per cent; Current Governance of JV Operations and Management to
Stay Unchanged
TCS announced that it is increasing its holding in TCS Japan Ltd, its joint venture with Mitsubishi
Corporation (MC), one of Japan’s largest integrated business enterprises.
Following the stake hike, TCS will hold 66 per cent equity in TCS Japan – up from 51 per cent,
when the joint venture was established in July 2014 – and MC will hold 34 per cent. Both partners
reiterated their commitment to the market, and to the success of the joint venture. Current gover-
nance of operations and management will remain unchanged by the share acquisition.
The increased equity is the latest in a series of investments that TCS has made in recent years
to cater to the specific needs of Japanese corporations. To augment the local workforce and gain
scale, a Japan-centric Delivery Center (JDC), with enhanced language support and heavy local-
ization of global business practices, was set up in 2015 within TCS Sahyadri Park in Pune, India.
More recently, TCS chose Tokyo to set up its inaugural Pace Port™, a creative hub to catalyze
technology-led business innovation for Japanese customers.
Leveraging a unique hybrid model combining deep domain knowledge, technology expertise,
and strong global and local execution, TCS Japan has achieved double-digit revenue growth in
constant currency terms in each of the last two years, making it one of the fastest growing IT ser-
vices firms in its class in Japan.
Tata Consultancy Services is an IT services, consulting and business solutions organization
that has been partnering with many of the world’s largest businesses in their transformation jour-
neys for the last fifty years. TCS offers a consulting-led, cognitive powered, integrated portfolio of
business, technology and engineering services and solutions. This is delivered through its unique
Location Independent Agile delivery model, recognized as a benchmark of excellence in software
development.
A part of the Tata group, India's largest multinational business group, TCS has over 424,000 of
the world’s best-trained consultants in 46 countries. The company generated consolidated rev-
enues of US $20.9 billion in the fiscal year ended March 31, 2019, and is listed on the BSE (for-
merly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India.
TCS' proactive stance on climate change and award winning work with communities across the
world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability
Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index.
Cont...
Financial Weekly

INVESTMENT
IndusInd Bank
Buy at CMP 1335 - Targets - 1855 to 2222,
Time Frame - 5 to 12 Months
IndusInd Bank, caters to the needs of both consumer and corporate customers. Its technology
platform supports multi-channel delivery capabilities. As on June 30, 2018, IndusInd Bank has
1410 branches, and 2285 ATMs spread across geographical locations of the country. The Bank
also has representative offices in London, Dubai and Abu Dhabi. The Bank believes in driving its
business through technology. It enjoys clearing bank status for both major stock exchanges - BSE
and NSE - and major commodity exchanges in the country, including MCX, NCDEX, and NMCE.
IndusInd Bank on April 1, 2013 was included in the NIFTY 50 benchmark index. Recently, IndusInd
Bank ranked 13th amongst the Top 50 Most Valuable Indian Brands 2015 as per the BrandZ Top
50 rankings powered by WPP and Millward Brown.
IndusInd Bank Ltd is one of the new generation private sector banks in India. The Banks busi-
ness lines include corporate banking, retail banking, treasury and foreign exchange, investment
banking, capital markets, non-resident Indian/high-net-worth individual banking, and information
technology. The Bank business divisions include Retail/ Consumer Banking, Consumer Finance,
Global Markets Group, Corporate & Commercial Banking, Transaction Banking Group and Invest-
ment Banking. As on 31 December 2017, the bank had 1,320 branches and 2,162 automated teller
machines (ATMs) spread across 702 geographical locations of the country. The bank also has
representative offices in London, Dubai and Abu Dhabi.
The bank provides multi-channel facilities, which includes automated teller machines (ATMs),
net banking, mobile banking, phone banking, multi-city banking and international debit cards. The
Bank has multi-lateral tie-ups with other banks providing access to more than 18000 ATMs for their
customers. They enjoy clearing bank status for both major stock exchanges - BSE and NSE - and
three major commodity exchanges in the country - MCX, NCDEX, and NMCE. They also offer DP
facilities for stock and commodity segments.
IndusInd Bank Ltd was incorporated in the year 1994 and was promoted by Mr Srichand P
Hinduja, a leading Non-Resident Indian businessman and head of the Hinduja Group. The Bank
started their operations with a capital amount of Rs 1,000 million among which Rs 600 million was
donated by the Indian Residents and Rs.400 million was raised by the Non-Resident Indians. The
bank is a pioneer in launching internet banking. They are rated as one of the Top Performing
Banks in various survey reports.
Financial Weekly

INVESTMENT
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Financial Weekly

INVESTMENT
Stock Buzz
Subramanian Mahadevan
dolphincapital@gmail.com
NCL IndustriesLimited (Rs.104)

Reinforcing Growth!
NCL Industries Limited (NCL) - Hyderabad-based NCL Industries, incorporated in 1979, is into
cement, particle boards, ready-mix concrete and hydro power. For the past three decades it has
been supplying the construction industry with its top quality building materials through Nagarjuna
Cement brand. It is a strong regional operator and has been a household name in Andhra Pradesh,
popularly known as "Monagadu" cement in Telugu.NCL forwardintegrated into value-added prod-
ucts with cement boards and ready-mix concrete. It has two small hydro-electric plants, of 7.5MW
in Andhra Pradesh and 8.25MW in Karnataka. NCL has one of the largest distribution networks
across the country, with more than 1,600 cement dealers and 300 distributors for boards.Nagarjuna
is the only private company in Andhra Pradesh which manufactures special 53-S grade cement.
Cement Division:With its strategically-located 2.7m-TPA cement capacity, and a well-estab-
lished brand Nagarjuna Cement, NCL is a robust regional cement manufacturer in south India. It is
strong in rural markets through its wide network of over 1,600 cement dealers and more than 100
distribution and consignment agents It recently expanded its clinker capacity in Nalgonda to 2.6m
tons(from 1.6m tons). It largely sells in the south, primarily in AP/Telangana (90%) and Tamil Nadu
and Karnataka with strong brandrecall.
Boards Division:Cement-bonded particle boards, made of 62% cement and 28% wood, popu-
larly known as Bison Panels, was introduced by NCL in 1990 in collaboration with Bison Werke
(Germany), the world leader in particleboard technology. They are fire-, water- and termite-resis-
tant with a durability of cement and easy workability of wood and can be used externally and
internally. To address mounting demand, it recently completed board's capacity expansion by
30,000TPA in Q3 FY18 through a mix of debt and internal accruals and post-expansion, Bison
boards are manufacturedat two plants with combined capacity being 90,000TPA.
RMC Division & Energy:It has four RMC manufacturing plants, adequately geared to handle
demand from vast urban housing development and infrastructure projects. Its energy division oper-
ates two mini-hydel generating plants: one of 7.5MW over the Srisailam right main canal in AP, the
other of 8.25MW on the right bank high-level canal of the Tungabhadra Dam in Karnataka.With its
low-cost cement-capacity expansion (to 2.7m TPA) and particleboard facilities (to 90,000 TPA),
NCL is set to derive the full benefit of the cement and board demand besides anticipatedoperational
savings and decline in interest costs. At the CMP, the stock trades at an EV/EBTIDA of 4x and an
EV/ton of $29 on FY21E. Investors can buy for a target price of 200/share in less than a year.
Reliable management, dividend paying company and a turnaround story worth looking into it.
Financial Weekly

INVESTMENT
Financial Weekly

INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
jatinsanghavi100@yahoo.com
SENSEX 36234-35903
LAST HOPE FOR THE BULLS
'HOPE' RALLY TURNS TO DESPAIR :- Markets witnessed consolidation during the last two
weeks on the expectation of a Stimulus package from the government. However, with no such
respite forthcoming by the Finance Minister, it poured water on the hopes of a Relief rally. With big,
sharp cuts during this week and failure to cross the critical level of 200dma at 11194, the markets
have resumed the downtrend. The near term outlook has turned gloomy as the Nifty seems headed
southwards unless Market springs a surprise.
NIFTY (10741) - SIGNALING DANGER :- In past sixteen years, history suggest that whenever
100WMA has been broken, the Nifty invariably takes support at 200WMA, only once in 2008, was
the 200WMA was broken decisively. Thus as per this hypothesis, if Nifty stays below 100WMA
(10878) then there is a very high probability that we will see the Nifty testing the 200WMA (9715).
SENSEX (36472) - ONLY RAY OF HOPE :- Interestingly, Sensex is showing variation in price
movement as compared to Nifty. Nifty has already broken strong weekly Trend line support and
200WMA, but the same cannot be said about the Sensex. Sensex is positioned just above the
weekly Support Zone due to the confluence of Weekly Trend line (36234) and 100WMA (35903).
This Weeks Recommendations

Rec. Name CMP SL TGT-1 TGT-2
Sell Bajaj Finsr. 6767 6887 6585 6403
Sell HDFCBank 2174 2208 2122 2169
Sell ACC 1465 1489 1429 1392
Sell CenturyTex 812 828 787 761
Sell AxisBank 661 675 640 618
:::: INDEX LEVELS ::::
S3 S2 S1 CLOSE R1 R2 R3
NIFTY 10440 10534 10628 10741 10878 11008 11146
SENSEX 35287 35605 35926 36472 36888 37230 37667
Cont...
Financial Weekly

INVESTMENT
In the near term, more than Nifty; Sensex is likely to come to the rescue of the market, thus watch
out for the Support zone 36234-35903.
ANY PULL-BACK : A SHORTING OPPORTUNITY :- Any Pull-Back till the 200dma (11194)
in the past three weeks have met with strong Selling pressure. The Current 'Hope' Rally is also
facing a similar future as it failed to cross the critical level of 200dma. Only if Nifty is able to close
above 11194, will it be able to gather some strength and move up; expecting strong Resistances at
11399-11771. Till then all rallies are likely to be weak and short lived as Market will treat those
rallies as Shorting opportunities.
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Financial Weekly

INVESTMENT
- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789
Nifty Overview : In Last Trading Session, Nifty closed at 10731. As informed in our last article, Nifty
is in negative zone and has support at 10600 levels. Nifty immediate support is still at 10600/10500
levels. Nifty may take support at those levels and may bounce back however if it breaks support then
expect nifty to touch 10050 levels. Nifty resistance is at 11000 levels.
Bank Nifty Overview : In Last Trading Session, Bank Nifty closed at 27023. Bank Nifty support is at
26800 levels while resistance is far at 27700 levels.
Trading Results
Scrip Name BSE Code Buy / Enter at Did High/ Remarks
Sell Low
Balkrishna Ind 502355 Buy 721 745 Target Achieved
Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Balkrishna Ind 502355 727 705/710 725 745 688
IBulsHsgFin 535789 452 440 450 460 430
Lupin 500257 731 715/720 730 740 705
RBL Bank 540065 351 340/343 350 360 333
STAR 532531 376 345/350 360 370 335
Tata Elxsi 500408 604 590/600 615 630 584
Yes Bank 532648 57 52/55 65 75 45
Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Bata India 500043 1457 1495/1505 1480 1460 1515
ICICI bank 532174 399 415/418 405 395 422
Note : All calls are momentum calls based on technical analysis and all levels as per future
prices (If scrip not available in futures then BSE Cash price). All these calls are given based on
daily charts but intra-day signals are equally important to enter the trade in a timely manner. Timing
is very important and we at shareinfoline.com give you timely calls based on intra-day charts.
Read Disclaimer at ShareInfoline.com
Financial Weekly

INVESTMENT
Smart Education - Yog Joshi

Technical Analysis
From
Basic to Advance
Fibonacci - Fibonacci
Retracement in Up Trend (1)
Hello Friends,
Hope you all are doing well..!!!
In last issue of Smart Invesrment, we discussed about Introduction of Fibonacci Series and
Fibonacci Ratio
Hope you all like that article, Fibonacci is one of the very important and interesting topic of
Technical Analysis, with the
study of Fibonacci we can fore-
cast the levels of Up ward move-
ment and Down ward movement
with the help of Fibonacci
Retracement and Fibonacci Ex-
tension tool
Today we are going to dis-
cuss about Fibonacci
Retracement ( In Up Trend)
As we all know that in any
trend whether its Up Trend or
Down Trend, there are two in-
ternal trend known as
1 ) Primary Trend ( Main
Trend - Long Term Trend)
2 ) Secondary Trend (Correc-
tion)
It will be more clear with the
help of shown figure
Now Fibonacci Retracement
is mainly use for to forecast Sec-
ondary Trend, it means it help
to forecast the support level of
the price once correction has
been already started in the stock
Here we are discuss the sce-
nario in Up Trend, when correc-
Cont....
Financial Weekly

INVESTMENT
tion start in Up Trend and price is getting
down and down day by day
In this scenario, use Fibonacci
Retracement tool, connect from the lower
point to higher point of the Up Swing ( Plz
show the fig.)
You will find 23.6%, 38.2%, 50.0%,
61.8%, 78.6% and 100.0%
This are the probable support levels of
the reversal of the price in correction, it
means price may bounce back from any of
this level
In this Fibonacci Retracement, previous
support play an important role in reversal,
so if as per historical data any previous
support available at Fibonacci
Retracement level, that will be consider as
a most potential zone of price reversal
Here one thing is important to discuss
that, when we can consider that second-
ary trend has been started ??
The Answer is, when stock price show
a break out at Up Trend Line ( Primary
Trend Trend Line) it will be consider as a
starting of correction period and it will be
fall down up to various Fibonacci
Retracement Support level
In this Fibonacci Retracement Support
level 61.8% known as Golden Ratio of Fi-
bonacci Levels, it means prices mostly fall
down till that level and bounce back from
this level for up ward move
But once again previous historical sup-
port is play an important role in reversal
with Fibonacci Retracement
We can use also combination of Fi-
bonacci and Pivot Points (We already dis-
cussed earlier) for more refine result of
probable reversal
If in secondary trend price fall down be-
low 100.0% level, that is the sign of end of the current Up Trend and Down Trend might be start
from this price level. I hope this article on Fibonacci Retracement in Up Trend help you to find
probalble reversal level with the help of Fibonacci Retracement tool
In next issue of Smart Investment, we will discuss about Fibonacci Retracement in down trend.
Financial Weekly

INVESTMENT
TECHNICAL TALK Dhananjay Kadam

TECHNICAL ANALYST, M. 7588622374
Stocks for Handsome gains
Nifty : In last two articles, had clearly mentioned 11200 is strong resistance for NF. In the last 2
weeks, it didn't break the resistance. In this week on 22/08/19' NF has broken 2 years acting trendline
support, trend line started from March 2014. In simple words, it has broken a good uptrend line
support and more downside is possible. Next supports for NF are 10555-10480-9970. Consider-
ing the current scenario, it can test 10480 and consolidate there.
Glenmark Pharma (Last Close Rs
359) : Glenmark Pharmaceuticals Limited
is a global pharmaceutical company en-
gaged in the development of new chemi-
cal entities (NCEs) and new biological en-
tities (NBEs). On 30/04/19' it was trading
at Rs 660. After that it started falling and
the stock has seen correction of 80% in
last four months. It was in consolidation
and on 09/08/19' there was sudden down
move and it is currently in consolidation
zone. Close below Rs 357 will give a
fresh Bearish flag breakout on daily chart.
One can short sell in FNO segment only
after close below Rs 357 for a target of
Rs 304. Stop-loss would be Rs 375 on
closing basis. Time frame is 9 to 11 days.
Cont....
Financial Weekly

INVESTMENT
Vedanta Ltd (Last Close Rs129) :

Vedanta Limited is a global diversified
natural resource company operating
across segments which are Copper; Alu-
minium; Iron Ore; Power; Zinc, Lead and
Silver; Oil and Gas, and Others. On daily
chart the stock has formed a bearish flag
pattern. On 26/07/19', the stock was in sud-
den down trend. After going from down from
Rs 176 it has made a low of Rs 134. It was
in good consolidation. On 22/08/19', it has
given a fresh breakdown. One can short
sell Vedl in FNO segment for a price target
of Rs 109-107. Stop-loss is Rs 135 on daily closing basis. Time frame is 11-14 days.
HUL (Last close Rs 1872)

:- Hindustan Unilever Limited is
engaged in fast-moving con-
sumer goods business. The
Company's segments are
Soaps and Detergents, Per-
sonal Products, Beverages,
Packaged Foods, chemicals,
water business and infant care
products.
On 22/07/19' daily chart, it
retest multiple time support of
Rs 1659 and next day it started
positive upmove. It gave rally
from Rs 1659 to 1846 during
volatile market. Later it went in
good consolidation. And has
given a fresh breakout after con-
solidation. The pattern is bullish flag. One can buy and hold for a price target of Rs 1960. Stop-loss
would be Rs 1854 on daily closing basis. Time frame is 15 days.
Financial Weekly

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

Co. Name Code Price Co. Name Code Price
BEL 500049 98.00 Infosys 500209 801.00
Coffee Day 539436 80.00 Mahanagar Gas 539957 843.00
63 Moons 526881 115.00 UPL 512070 543.00
Bajaj Ele. 500031 355.00 I.B. Housing Fin. 535789 471.00
Den Network 533137 92.00 KennaMetal 505890 947.00
Future Cons. 533400 29.00 MCX 534091 840.00
NTPC 532555 116.00 Tata Elxsi 500408 633.00
Adani Enterprise 512599 130.00 Apollo Hospital 508869 1439.00
Zee Enter 505537 347.00 HUL 500696 1857.00
Adani Ports 532921 349.00 Dr. Lal Paht 539524 1161.00
Future Retail 540064 389.00 Britannia 500825 2469.00
Galaxy Surf. 540935 1297.00 Nestle 500790 12422.00
Maruti 532500 6250.00 GSK Consumer 500676 8037.00
Financial Weekly
Every Sunday Every Wednesday
English & Gujarati Edition Gujarati Edition
Buy... Buy... Buy on Dips Hold Sell on High

Bajaj Holding 3364.00 BHEL 48.50
Tata Power 54.00 Igarashi Motors 201.00
Tech Mah. 690.00 Carborundum 276.00
NCC 53.00 Coal India 186.00
Glenmark 364.00 Bharat Forge 384.00
Hathway Cable 33.00 ONGC 120.00
Dr. Reddy 2532.00 DHFL 40.00
Redington 102.00 Shankara Building 293.00
M&M 529.00 DLF 144.00
Munjal Auto 33.00 Finolex Cable 362.00
Grasim Ind. 719.00 Escorts 447.00
Gabriel 93.00 Persistent Sys. 544.00
Titan 1081.00 Aban Offshore 22.00
Subros 207.00 Yes Bank 58.00
BATA 1482.00 Atul Auto 198.00
Jai Corp. 69.00 Bajaj Electric 359.00
TCS 2247.00 Bharat Bijlee 867.00
Greaves Cotton 120.00 Gail 124.00
Financial Weekly

INVESTMENT
Commodities Chart & Levels

Bharti Joshi CFA, (SEBI Registered Research Analyst / www.multibaggers.co.in)
Crude oil :- Crude oil is facing

resistance around 4050, supply is
seen at resistance area in past few
trading sessions. Above 4050 we
could see crude oil moving up to
levels of 4165 above that level only
we could see further upside de-
mand coming in. on lower side
3870 will act as near term support
and below it we could see levels
of 3640. Broadly we could see
crude oil moving in tight range of
400-450 points in upcoming few trading sessions.
Silver :- Similarly to gold sil-

ver is side ways direction from
past few trading sessions and its
medium term trend is bulling
only. Silver is trading in range
of 44350 to 42765. Any major up
move is expected above 44350
only and on lower side below
42765 we could see demand
zone of 41880 and 40810.
Gold :- Gold long term and

medium term trend is highly
bullish, but short term trend
shows sideways trend from be-
ginning of this month. We could
see gold ranging in close range
of 38650 to 37550. We could
see any major move above or
below this range only. And ma-
jor up move is expected above
38650 on closing basis only
and on lower side below 37550
we could multiple previous gaps could be filled up, and we could see levels of 35400 and 34250.
Financial Weekly

INVESTMENT
Terrific Shots - Dilip K. Shah
PTC India (Rs. 57.00) (Code: 532524) :- Shares of A Group listed electric utility
company touched a 52-week high of Rs. 94 and low of Rs. 53. A key player in power trading, PTC
is a joint venture of NTPC, NHPC and Power Grid. It has 43% share in power trading business.
PTC has signed power purchase and power sale agreements with seven states. Company has
signed projects to commission 126 MW wind power projects in different states. It has also signed
agreement with Bhutan’s Druk Green Power Corp to buy surplus power from its 720 MW
Mangdechhu hydropower project. For June quarter, PTC reported consolidated income of Rs. 5376
crores, and profit of Rs. 93.57 crores. The stock can be seen touching Rs. 100 in three to four
quarters.
KEC International (Rs. 251.00) (Code: 532714) :- Shares of this A Group listed
heavy electrical equipment company have face value of Rs. 2. The shares touched a high of Rs.
340 and low of Rs. 229 in the last 52 weeks. KEC is a part of RPG Group, and it is expected to
benefit from the government’s focus on railway and power sectors. It operates in infrastructure,
EPC, power transmission, power systems, cables, railway, and other segments. It has presence in
over 50 countries in Africa, Asia, America, Middle East, etc. Its order book stands at Rs. 19,000
crores. The company has bagged Rs. 580 crore order for Regional Rapid Transit System, and Rs.
265 crore Metro orders. For June quarter, income went up 14.44% to Rs. 2113 crores, while profit
went up 18% to Rs. 85.94 crores. EBIDTA rose 16.8% to Rs. 226.49 crores. The share is trading at
a P/E multiple of 15. It is poised to touch Rs. 300 in the short term, and Rs. 350 in two to three
quarters.
Brigade Enterprise (Rs. 265.00) (Code: 532929) :- This realty company will ben-
efit from the move to cover houses of up to Rs. 45 lakh in affordable housing, and hike in tax
benefits from Rs. 2 lakhs to Rs. 3.5 lakhs. South India-based Brigade Enterprise has strong funda-
mentals. Its equity is Rs. 136.18 crores, whereas reserves are to the tune of Rs. 2,033.22 crores.
For June quarter, income went up from Rs. 699.11 crores to Rs. 708.72 crores, while profit de-
clined from Rs. 63.08 crores to Rs. 41.20 crores. The B Group listed shares touched a 52-week
high of Rs. 292 and low of Rs. 157. The stock is attractively priced, and one can invest in it in two-
three phases. Promoter holding in the company is 46.84%. Mutual funds hold 13.94%, whereas
FIIs hold 12.49%. The stock is trading near its 52-week high even in a highly volatile market, which
shows its strength.
Westlife Development (Rs. 275.00) (Code: 505533) :- Westlife Development
runs more than 300 McDonalds restaurants in 41 cities in West and South India. The B Group
listed shares have face value of Rs. 2. The shares touched a high of Rs. 454 and low of Rs. 257 in
the last 52 weeks. The company’s market cap is Rs. 4292 crores. Promoter holding is 62.15%. For
June quarter, Westlife’s income went up from Rs. 341.68 crores to Rs. 381.86 crores. It reported
loss of Rs. 1.13 crores as against profit of Rs. 11.62 crores. The same store sales growth was
6.7%. The stock appears attractive at current levels. One can invest in the stock in phases. FIIs
hold 15.8% stake and DIIs hold 7.31% stake.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending • Stop loss is useful for Short
/ Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or
may not be substainedin future "
(Dilip K. Shah)
Research Analyst
SEBI Regn No. : INH000002152
Financial Weekly

INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
The market is oversold but keep

distance from new buying
(Market closing as on 22-8-2019)
BSE Index (36472.93) :- The market is moving downward from top of 37807.55. It shows over-
sold position on daily and weekly basis, while overbought to neutral on monthly basis. On upward
movement, beyond 36645 it may witness resisting level at 36870, 37045 and 37100. On the down-
ward movement, below 36391 it may go down to 36190, 35830, 35740 and 35510.
Nifty Future (10731.10) :- It is moving downward from top of 11186.80. It shows oversold posi-
tion on daily and weekly basis, while overbought to neutral on monthly basis. On upward move-
ment, beyond 10870, it may witness resisting level at 10881, 10940 and 10995. On the downward
movement, below 10708 it may go down to 10655, 10585 and 10510.
Bank Nifty Future (27023.60) :- It shows downward movement from top of 28625. It shows
oversold position on daily and weekly basis, while overbought neutral on monthly basis. On up-
ward movement, beyond 27247 it may witness resisting level at 27510, 27780 and 28000. On the
downward movement, below 26971 it may go down to 26720, 26450 and 26190.
Ashok Leyland (57.90) :- It shows downward movement from major top of 158. It shows over-
bought position on daily, weekly and monthly basis. On upward movement, beyond 63, 66 could
be resisting level. On the downward movement, below 57 the prices may go down to 51 and 45.
Century Textiles (811.80) :- It shows downward movement from top of 1055. It shows oversold
position on daily and weekly basis, while towards oversold position on monthly basis. On upward
movement, beyond 835 it may witness resisting level at 865. On the downward movement, below
800 it may go down to 774 and 700.
ITC (240.00) :- It shows downward movement from top of 305.60. It shows oversold position on
daily, weekly and monthly basis. On upward movement, beyond 248 the resisting level could be at
252. On the downward movement, below 238 it may go down to 235, 224 and 212.
Raymond (548.00) :- It shows downward movement from top of 867.70. It shows oversold posi-
tion on daily, weekly and monthly basis. On upward movement, beyond 567 it may witness resist-
ing level at 598. On the downward movement, below 544 it may go down to 494.
United Breweries (1291.45) :- It shows downward movement from top of 1346. It shows over-
sold position on daily, weekly and monthly basis. On upward movement, beyond 1323 the resist-
ing level could be at 1350. On the downward movement, below 1245 it may go down to 1246, 1198
and 1150.
Disclosure : The Recommendations are based on technical analysis. There is a risk of loss in trading.
Golden quote :-
There is nothing impossible to him who will try
Financial Weekly

INVESTMENT
Dilip Davda
e-mail Expert’s Eye
dilip_davda@rediffmail.com
Lackluster week on weak global clues

Mega loss likely for the week
Due to intervening holidays this Issue printing is proponed. Hence the coverage is for first four
sessions i.e. from Monday to Thursday is given below. While week opened on a positive note and
closed first session with marginal gains, it kept losing thereafter for the three sessions till Thursday.
In fact Thursday turned terrifying one with mega losses and also marked hat trick of negative clos-
ing for the week so far.
Falling in indices from Tuesday onward marked rising trends. Hanging sword of US - China
trade, Brexit, Indo-Pak border tension keeps a tab on general sentiment. Boiling Dollar and Crude
too adds fuel to the fire. Thus it appears all is not well for a while.
For the first four sessions, we marked indices movements in the range of 11146.90 -10718.30
and 37718.88-36391.35 for NSE Nifty and BSE Sensex respectively.
With positive opening on Monday indices moved both side to close the first session flat but in
green. NSE Nifty scored mere 6.10 points to close the day at 11053.90 and BSE Sensex marked
gain of just 52.16 points to end the day at 37402.49. Following heavy offloading by fund houses,
market gave up from the high of the day to close flat. Select buying in Consumer Durable, IT,
Capital Goods, Power and Pharma counters helped indices to float in green. Even Mid and Small
cap counters witnessed selective buying on fancy counters. However, FIIs were the net sellers
while DIIs were the net buyers for the day. Market men eagerly waited for stimulus package an-
nouncement.
Although markets opened on a positive note on Tuesday it gave up from early day gains to close
in red. NSE Nifty lost 36.90 points to end the day at 11017.00, BSE Sensex posted deficit of 74.48
Ex-Split points to close at 37328.01. Global slowdown, US-China trade war,
Seshasayee Paper (5 for 1). debt crisis for Asian countries report from Mckinsey detailed the senti-
ment. Weak rupee propelled IT counters that got support from auto fancy
During the week Maruti. But downtrend in Power, Banking, Oil and Gas, Metal counters
dividend
(till Thursday),
triggered decline in indices. Small and Mid cap counters too witnessed
announcement
Gufic Bio (5%), P&G Hygine hammering at every rise. FIIs and DIIs were the net buyers for the day.
(480%), Commercial Syn .
(8%), Gillette (250%) etc. On Wednesday markets opened on divergent notes and closed in
Ex-Bonus red with higher loss than previous session. NSE Nifty posted deficit of
Swelect (1 for 2), 98.30 points to close at 10918.70 and BSE Sensex marked loss of
EcoReco (1 for 10) 267.64 points to end the day at 37060.37. Thus while Nifty closed be-
low sentimental barriers of 11K, Sensex managed to close above 37K
Bonus Announcements and gave sigh of relief. Reports of global meltdown and debt crisis
Modex Intl. (1 for 1) spoiled market mood. Tracking weak sentiment of world markets, we
Bonus Meet
too felt tremors. Consumer Durables, Oil and Gas, Metal, Capital Goods,
Supershakti : 23.08.19, Banking, Power counters eased on heavy offloading by fund houses.
Bhakti Gems : 26.08.19
Shreeji Trans : 27.08.19
Cont....
Financial Weekly

INVESTMENT
Even Mid and small cap counters witnessed hammering. FIIs turned net sellers and DIIs were the
net buyers for the day. Surge in auto counters following good rainfall turned listless.
On Thursday too we witnessed divergent openings, but as the day progressed, we witnessed
higher magnitude of losses. Fourth session closed with mega losses. NSE Nifty lost 177.35 points
to end the day at 10741.35 and BSE Sensex marked deficit of 587.44 points to close at 36472.93.
Thus Sensex too closed below 36.5K and played a spoil sport. Mounting global tension for reces-
sion and delayed stimulus pack announcement derailed market sentiment. Selling across the board
was witnessed. Market breadth turned hugely negative. Mid and Small cap counters too were
hammered down at every rise. FIIs were net sellers and DIIs were net buyers for the day. .
During the week (till Thursday), dividend announcement came in from Gufic Bio (5%), P&G
Hygine (480%), Commercial Syn (8%), Gillette (250%) etc.
During the week (till Thursday), scrip turned ex-split included Seshasayee Paper (5 for 1).
During the week (till Thursday), scrip turned ex-bonus included Swelect (1 for 2), EcoReco (1 for
10).
During the week (till Thursday), bonus announcements came in from Modex Intl. (1 for 1). Mitsu
Chem scrapped bonus agenda it its meeting of 21.08.19.
FPIs continued their selling resulting in new high for Dollar against Rupee during the week to
cross Rs. 72 a Dollar. However, on Thursday Dollar was at Rs. 71.86. Even Crude Oil (Brent) rose
to see a level of 60.70$ a barrel and raised concern. Q1 number season disappointed the market
men indicating tough time ahead. Although monsoon has been near normal with many parts hav-
ing excess rain, still some region has deficient rains. US-China trade war, Brexit issue is not yet
fully resolved and is a hanging sword for a while. On domestic front, stimulus announcement is still
waited for.
In such a scenario NSE Nifty and BSE Sensex may hover between 11500-10350 and 37800-
35750 respectively for the ensuing week.
Board meets for bonus issue convened by Supershakti Metaliks on 23.08.19, Bhakti Gems on
26.08.19 and Shreeji Trans on 27.08.19.
DISCLAIMER : No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities,
or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no
circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual
investment decisions, based on information published here. Any reader taking decisions based on any information published here does so
entirely at own risk. Above information is based on the details available as on the date along with market perceptions. Investors should bear
in mind that any investments in stock markets are subject to unpredictable market related risks. (THE AUTHOUR IS SEBI REGISTERED
RESEARCH ANALYST)
Bengaluru MF Wealth Journey Seminar

21 & 22 September 2019
Learn Active & Passive
Mutual Fund Investing Strategies
For details
WhatsApp to +91 98495 19188
Financial Weekly

INVESTMENT
A. K. Asnani
(M) 9893512098
Smart Verc (Bhopal)
Author of Book
Way to Billionaire
How to dance with FEAR - Part II

In the previous article I emphasized that it has never happened that market fell and never recov-
ered. In fact market not only recovered the losses but also staged a smart recovery from previous
high.
To win in this game nothing is to be feared, but only to be understood that Mr Market behaves
like that only. Unfortunately this time such steep correction happened after 2008 a long time of
more than 11 years. Those who have patience to hold good stocks, come what may, will be sure
shot winners. It is only a matter of time.
Often investors quote that they invested good amount of money during the steep stock falls yet
they lost heavily. The reason is - often retail investors invest in those stocks which were heros of
yester years. They get lured by the steep decline in share prices of such companies. What they
forget is Mr Market rewards only the financial performance of the company. While rewarding the
stocks Mr Market is ruthless and doesn't looks at past stock performance, it looks only and only the
financial performance.
So be very selective, if you decide to invest at this juncture. Invest only in good stocks. Stocks
whose earnings are expected to rise, preferably in stocks which are Dividend paying (to ensure
good cash position). You will be surprised to know that in as much as 91% of the stocks which
crashed more than 80% during last 18 months, the underlying companies have not paid any divi-
dend. On the top of it in 100% of these cases retail investors have increased their stakes substan-
tially, in some cases more than 150%.
Don't throw good money after bad. Often it happens that investor buys a stock and after some
time its share price dives by say 20%. Investor buys again to bring the average acquisition price
down. The second purchase is often not due to good quality of the stock but due to high price he
paid in first purchase. To overcome this problem, simply ask yourself 'Will I buy more of this stock,
had I not owned already'? If the honest answer is 'No' then sell the first lot also. In fact one can use
this technique for each and every stock in his portfolio.
Often it happens that down cycle of a particular sector coincides with that of market meltdown
like Automobiles in the present context. This can prove disastrous. Be careful.
Don't attempt to sell good stock from your portfolio just because it has not fallen. Time is not ripe
to pluck the flowers, let them bloom.
Cont....
Financial Weekly

INVESTMENT
Be rational always. Don't try to predict how far the market can go down or when the market will
bounce back, just concentrate on each and every stock in your portfolio.One day Mr Market will
knock your door and reward you handsomely.In the long term it is predominantly the company
financial performance which will decide the gains and not the market.
Remember, without facing the fear no one has ever created huge wealth from stocks. It is what
you do now will determine your returns when good times return.
Coincidently me (experience 31 years) along with Mr. Dilip Shah (experience 45 years), Editor
Smart Investment are hosting a Seminar in Rajkot on Saturday, 07 Sep on the same topic and shall
guide you on practical ways not only to protect your portfolio but also to gain handsomely when
market bounces back. Entry with prior registration only. Kindly use the link for seminar registration
https://www.smartverc.com/seminar
You make most of your money in a bear market, you just don't realize it at the time."
- Shelby Cullom Davis
How to dance with Fear ?

Seminar, 5 - 8 pm, 7 Sep., Saturday, Rajkot
• Learn ways to gain confidence and win over fear
• How to beat Mr Market in his own game
• Which sectors an lift your portfolio
• How to benefit maximum from this opportunity
A. K. ASNANI : Stock advisor, Author, BE, MBA

PhD, 31 years experience
Dilip K. Shah : Editor, Smart Investment, 45 Yrs. Exp.
Register Now : https://www.smartverc.com/seminar
Venue : Rajkot Engg. Association, Bhakti Nagar, Rajkot
For Reg. : 09131361959, write : support@smartverc.com
Whatsapp : 09755920780
Financial Weekly

INVESTMENT
Scrip Watch - Siddharth Shah
Oil India (Rs. 143.00) (Code : 533106) (F. V. : 10.00) :- State-owned Oil India
has reported 11.15 per cent year-on-year (YoY) growth in its profit after tax (PAT) at Rs 624.80
crore for the first quarter ended June 30, 2019.Standalone revenue from operations slipped mar-
ginally to Rs 3,373.36 crore in April-June quarter of the current fiscal, as against Rs 3,390.46 crore
in the year-ago period. The total income decreased to Rs 3,496.10 crore as against Rs 3,517.23
crore in the same quarter last year.EBITDA fell by 3.86 per cent to Rs 1,475.91 crore in Q1FY20
compared to Rs 1,535.17 crore in Q1FY19. EBITDA margin stood at 42.22 per cent versus 43.65
per cent in the year ago period.Average crude oil price realisation was lower by 7.88 per cent to
$66.33 per barrel in Q1FY20 as compared to $72 per BBL during Q1FY19, due to fall in interna-
tional crude oil prices. Average natural gas price realisation improved to $3.69 per million british
thermal units (MMBTU) against $3.06 per MMBTU in the same quarter last year. All in all, the
performance is good in a weak market. Accumulate.
Thyrocare Technologies (Rs. 442.00) (Code : 539871) (F. V. : 10.00) :-
Thyrocar's sales grew 13% YoY, EBITDA grew 11% Yoy and PAT increased by 16% YoY in
Q1FY20. The growth in preventive care returned with lower realisation due to more focus on vol-
ume growth instead of price cuts key diagnostic tests. Overall, Thyrocar increased 10% price for its
sick care business in B2B segment while price of few tests in preventive care marginally reduced
in Q1FY20. Management guided that the benefits of price rationalization in Aarogyam 1.1, 1.2 and
1.3 will be visible in FY20E.While diagnostic companies is expected to trade at premium valuation
with features of consumers business, Thyrocar valuation has been corrected by 36% in 12 months.
With attractive valuation vs. peers, the stock looks a good bet.
Majesco (Rs. 417.00) (Code : 539289) (F. V. : 5.00) :- Revenue stood at USD
37.3mn up 1.2% QoQ (est. 38mn) led by higher licence (+144% QoQ) offset by 14.7% QoQ drop in
cloud (37.4% of rev). Growth in licence revenue is driven by accelerated licence booking (account-
ing changes) and is not sustainable. Drop in cloud implementation (-19.0% QoQ, 25% of rev) is
due to completion of MetLife project. MetLife go-live is crucial for Majesco and will act as a strong
reference point for future deals. Cloud subscription, which is a high margin and annuity revenue
stream, was down 2.9% QoQ (~12% of rev) but will increase with go-lives. The minimum subscrip-
tion revenue from MetLife (~USD 3mn yearly) will start once the platform is operational in 3Q.
EBITDA margin expanded 293/220bps QoQ/YoY to 10.4%, led by GM expansion of 285bps QoQ.
Margin expansion was healthy despite lower cloud revenue. The 12-month executable order book
stands at USD 98.7mn (+1.8% QoQ) driven by cloud wins. Net Cash stands at Rs 3.73bn vs. Rs
3.89bn in FY19.Revenue grew despite a steep fall in the cloud revenue and margin expansion
(lower than est.) was healthy. The order backlog is robust and cloud deal wins are stable. Accumu-
late.
Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above.
The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author
may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also
is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions
undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.
Financial Weekly

INVESTMENT
Market Tips - Het Zaveri
Engineers India (Rs. 100.00) (Code : 532178) (F. V. : 5.00) :- Net profit of
Engineers India rose 40.51% to Rs 125.73 crore in the quarter ended June 2019 as against Rs
89.48 crore during the previous quarter ended June 2018. Sales rose 27.43% to Rs 742.66 crore in
the quarter ended June 2019 as against Rs 582.81 crore during the previous quarter ended June
2018. Consultancy and turnkey segment contributed 60.5% and 39.5%, respectively. Consultancy
revenues grew 38% to Rs 444.5 crore while turnkey revenues jumped 15.7% to Rs 290.4 crore.
Absolute EBITDA grew 61.5% YoY to Rs 139.4 core. This was due to healthy EBIT margins in
consultancy segment. Consultancy and turnkey segments reported EBIT margins of 39.3% and
2.7%, respectively. Overall EBITDA margins came in at 19.0% vs. 15.1%. EIL’s order book is healthy
at Rs 11,429 crore. EIL management has maintained the guidance of 15% revenue growth in
FY20 and maintained current margins. The company also offers attractive dividend yield of 4%.The
stock has corrected with the market. Accumulate for longer term perspective.
Varun Beverages (Rs. 646.00) (Code : 540180) (F. V. : 10.00) :- Varun
Beverages reported revenues at Rs 2810.5 crore, up 36.5%, led by 43.3% overall volume growth
on the back of acquisition of south and west sub-territories from PepsiCo that contributed for two
months in the quarter. The India organic volume growth of 18.5% has been led by extended sum-
mer and the peak season demand. International volume growth of 34.2% on account of healthy
growth in Morocco and Zimbabwe. EBITDA increased 37.1% to Rs 787.8 crore.Led by strong
operating profit growth, net profit increased 32% to Rs 405 crore. JM Financial has maintained buy
rating on Varun Beverages with a target price of Rs 680. Both revenue and operating profit of the
company clocked growth in excess of 35 per cent for the quarter aided by domestic organic volume
growth of 18.5 per cent and the recent acquisition of South and West territories from PepsiCo, said
JM Financial. The brokerage sees the stock trading well on these results given near-term operat-
ing performance should remain healthy on buying of PepsiCo’s territories and scaling-up of
Tropicana. Buy.
Bata India (Rs. 1477.00) (Code : 500043) (F. V. : 5.00) :- After registering a 2-
3 per cent growth in sales volume, Bata India is expecting a surge in sales of footwear in the
coming years as it eyes scaling up its store count and tapping more upcountry markets. The surge,
in turn will boost profitability.In the last fiscal year, the company sold 47.25 million pairs which
helped it retain market leadership. It is estimated that around 220 million pairs are sold in India
annually, both in the organised as well as unorganised space. Bata has a market share of 21.48
per cent.According to the company, in the Rs 55,000-60,000 crore footwear market in India, around
50 per cent is unorganised which leaves immense scope for the footwear maker to tap into. Cur-
rently, the Indian unit of the Czech shoemaker has a 15 per cent market share in value terms in the
organised footwear market.Currently, it has around 1,415 retail stores of which around 150 are
franchised. Sales from such stores account for around 85 per cent of its business and the rest
comprises of sales from e-commerce channels as well as multi-brand outlets.Apart from rebranding
its existing stores in the metros, Bata has been trying to open around 70-80 stores every year and
hopes to retain the momentum for its growth strategy. In the last fiscal year, the company spent Rs
40 crore on store renovation alone.
Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm,
his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested
interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based
on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible
for any legal or financial losses made by anybody.
Financial Weekly

INVESTMENT
SMART TIPS Smita N. Zaveri
NTPC (Rs. 114.00) (Code: 32555) :- Shares of this A Group listed electric utility com-
pany touched a 52-week high of Rs. 146 and low of Rs. 106. Shares of the country’s largest power
producer are seen as a defensive bet in uncertain times. It has a stable business and good earn-
ings visibility. The company’s capex was Rs. 27,000 crores last year, and is estimated to be the
same this fiscal. It reported a weak quarter, but could report 19% earnings growth for the year. A
major move that could affect NTPC’s financials is the merger of NHPC and SJVN with NTPC. It
plans to set up a 5,000-MW solar plant in Kutch with an investment of Rs. 20,000 crores. For June
2019 quarter, NTPC’s income went up 6.5% to Rs. 24,192.59 crores, while net profit was up 0.57%
to Rs. 2,603 crores. The share’s book value is over Rs. 108. The stock’s dividend yield is in excess
of 5.1%. The stock is trading at a P/E multiple of just eight. It can be seen touching the 52-week
high price in medium to long term.
Heidelberg Cement (Rs. 187.00) (Code: 500292) :- Shares of this A Group listed
company touched a 52-week high price of Rs. 217 and low of Rs. 122. The company has strong
presence in central India. Promoter holding in the company is 69.39%. The company has a market
cap of Rs. 4305 crores. The company had paid 40% dividend last year, and dividend yield works
out at 2.11%. For June 2019 quarter, its income went up 29% from Rs. 457.39 crores to Rs. 589
crores, whereas profit shot up 54.6% from Rs. 51.12 crores to Rs. 79.03 crores. EBIDTA was up
34% to Rs. 169.49 crores. Heidelberg’s equity is Rs. 226.62 crores, debt Rs. 392 crores, assets
Rs. 1563 crores, and reserves of Rs. 944.57 crores. The share is trading at just 15 times the earn-
ings. The stock can be seen crossing the 52-week high and touching new highs in two to three
quarters.
Gabriel India (Rs. 94.00) (Code: 505714) :- Shares of B Group listed auto parts and
equipment company touched a high of Rs. 159 and low of Rs. 85 in the last 52 weeks. It is the
flagship company of Anand Group. Promoter holding is 52.75%. It makes shock absorbers, front
forks, and other products for various categories of vehicles. Its key clients include Bajaj Auto, Honda
Motors, Mahindra Scooters, Royal Enfield, Suzuki Motors, TVS, etc. It has technical collaboration
with Japan’s KYB Corporation, Yamaha Motors, Koni, etc. For June quarter, it reported income of
Rs. 517.15 crores, profit of Rs. 220.07 crores, and EPS of Rs. 6.61. The stock can be seen trading
in the Rs. 130-140 range in the medium to long term.
NCC (Rs. 51.00) (Code: 500294) :- Shares of this A Group listed construction and
engineering company have face value of Rs. 2. The shares touched a 52-week high of Rs. 119 and
low of Rs. 54. Promoter holding is 18.12%, and rest is held by public. The company executes
housing, roads, water management, environment, irrigation, railway, etc. related projects. It has
bagged orders of Rs. 25,000 crores last year, taking its total order book to Rs. 33,000 crores. For
June quarter, NCC’s income declined 6.61% to Rs. 2347 crores, whereas profit fell 27% to Rs.
74.47 crores. NCC’s equity is Rs. 120.13 crores, net-worth Rs. 4756 crores, debt Rs. 1736 crores,
and revenues of Rs. 4637 crores. Its growth prospects were marred due to change of government
in Andhra Pradesh due to cancellation of some orders. However, it is likely to bag bids of Rs.
30,000 crores in 12 months. The stock can give 30 to 40% returns in two to three quarters, and can
be included in the portfolio.
SEBI Registered Research Analyst)
* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates
/ indices on 23rd August,2019 unless specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation.
• Though, every care has been taken, we will not responsible for any errors / omissions • All disputes are subject to Ahmedabad
jurisdiction
Financial Weekly

INVESTMENT
Smart super duper - Het Zaveri
Subros (Rs.218.00) (Code:517168) :- Auto parts and equipment sector company's

stock is listed in the B group with facevalue of Rs2 a share. It has monopoly in manufacturing air-
conditions for automobile sector. It manufactures refrigeration AC for car, bus, rail and transport.
The promoters hold 40.01% and public hold 59.99% stake in the company. As against equity of
Rs13.05 crore, the company has reserves of 666.9 crore. In the first half of 2020, the company's
income increased from Rs531.69 crore to Rs572.24 crore, while profit increased from Rs19.11
crore to Rs41.50 crore with EPS of Rs6.36. The stock can be bought taking advantage of correc-
tion as it may give good returns in next one year.
The Phoenix Mills (Rs.632.00) (Code:503100) :- It is one of the leading real estate
companies in Mumbai and managers property in Mumbai and other cities of the country. It has
developed more than 1.5 million square feet space in Mumbai, Bengaluru, Chennai, Pune, Raipur,
Agra and Indore. As against equity of Rs30.63 crore, the company has reserves of Rs3443.46
crore. The company's income increased from Rs1619.75 crore to Rs1981.56 crore, while profit
increased from Rs255.55 crore to Rs421.02 crore in the financial year 2018-19. In the first quarter
of FY2020, the company's income increased from Rs413.16 crore to Rs615.04 crore, while profit
increased from Rs59.73 crore to Rs130.39 crore. It paid 120% dividend for 2017, 130% for 2018
and declared 150% for 2019. The company's debt to equity ratio is strong. It is good option to invest
in phased manner as downside seems limited.
Hexaware (Rs.377.00) (Code:532129) :- The company follows December quarter as
year ending. In June quarter, the company's income increased from Rs1136.73 crore to Rs1308.34
crore, while profit decreased from Rs153.57 crore to Rs151.35 crore with EPS of Rs5.08. The
company provides IT services to banking, asset management and capital market, insurance, travel
and transport, health care and life sciences, manufacturing, etc. The MidCap IT stocks have wit-
nessed bullish trend which followed correction from upper level. The stock seems attractive at
current price. It paid interim dividend of 375% for 2018 and 325% dividend for 2019. The stock can
be invested in with small amount.
Century Plyboards (Rs. 126.00) (Code:532548) : It is one of the leading compa-
nies in Indian plywood sector. It accounts for a big stake after Greenply Industries. The company
has equity of Rs22.25 crore and reserves of Rs. 952.67 crore. The promoters hold 72.75% and
public hold 27.25% stake. FII and DII are increasing their stake, which is positive sign for the com-
pany. It manufactures plywood, laminate, veneers, blockboard and doors and sales under Century
brand. The sector has been witnessing double digit growth, which has benefitted the company.
Higher investment paged in the housing sector makes the company's future bright. In June quarter,
the company's sales increased from Rs542.37 crore to Rs582.28 crore, while profit decreased
from Rs41.87 crore to Rs401.14 crore with EPS of Rs1.8. The stock was being traded at around
Rs300 have witnessed a huge correction. It can be bought on downward trend.
Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm,
his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested
interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based
on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible
for any legal or financial losses made by anybody.
Financial Weekly

INVESTMENT
Financial Weekly

INVESTMENT
Di wan-E-Khas A.J. Diwan (Mumbai)

E-mail : divanconsultancy@rediffmail.com
Market wants package

It is not India but world's economy is doldrums, after our union budget, Market has moved to-
wards south. The budget proposals were not market friendly and in particular FPI has taken skin
from market.
In India automobile sector is passing through recession. No one has thought Tata motors price
of rs.120 from Rs 500.once it close below rs.118, we may see worst days. Another NBFC is pass-
ing through bad time.
The government should realize urgent need of packages for these industries.
The FM is taking but not implementing.
Nifty: At the time of writing this article nifty is managed to close above 11000 levels. The resis-
tance levels are 10080 and 11120/130.if nifty is closed below 11000 for two days, we may see
level of10960 and 10880.in market experts are expecting level of 10660 sooner or later. The gov-
ernment must act before that.
Index level on lower side support at 37200.
Our rupee against dollar is also concern. Now it is near rs.72.
Reliance; The share price should cross and close above rs.1304.on lower side it has support at
s.1260.
Sunpharma is good for accumulation on decline. After crossing rs.432 it may go up to rs.440.
Dr.Reddy has received love letter from U.S. The share price expected to fall by rs.80/100.
After auto and NBFC, Textile industry is in doldrums. Arvind, Century and Raymond are good
short.
In our country if scam like CG Power come how investors would get confidence? Share price
may go below rs.10.
In market experts expecting Biocon to fall to rs.205.if you have in port folio just get out.
Zee is buy around rs.340 with s/l at rs.435.on upper side it may cross rs.450.
Adani port is also good short on any rise.
Let lord Krishna birth give market support.
Financial Weekly

INVESTMENT
Investment Ideas telegram.me/rupeegains7
NIFTY :- For next week NIFTY has strong support around 10635 levels. Break will take it to
10580-10540 levels. On the upper side NIFTY will face strong hurdle at 10805 levels, cross over
with volume and close above will create short covering at take NIFTY up to 10890-10950 levels…
BANK NIFTY :- For next week BANK NIFTY has strong support around 26560 levels.
Break will take it to 26400 levels. On the upper side BANK NIFTY will face strong hurdle at 27160
levels, cross over with volume and close above will create short covering at take BANK NIFTY up
to 27500 levels…
INVESTMENT IDEAS…
ACC LTD (500410 & NSE) (1458) (FACE VALUE Rs.10) :- ACC Ltd, a member of the
LafargeHolcim group, is one of India's leading producers of cement and ready mix concrete. It has
over 7400 employees, 17 cement manufacturing sites, 82 concrete plants and a nationwide net-
work of over 50000 retail outlets to serve its customer.
It has an equity base of Rs.187.99crore that is supported by reserves of around Rs.10803.69crore.
The Promoters hold 54.53%, FIIs hold 8.66%, Mutual Funds hold 11.96% while the investing pub-
lic holds 14.50% stake in the company.
Company is following calendar year as financial year. During Q2CY19, ACC posted 38.62%
higher PAT of Rs.455.64crore on 7.73% higher sales of Rs.4059.28crore fetching an EPS of
Rs.24.26. During H1CY19, it posted 33.43% higher PAT of Rs.776.79crore on higher sales of
Rs.7908.91crore fetching an EPS of Rs.42.69. At CMP stock is trading at PE ratio of 15.75x. It has
paid 140% dividend for CY18.
Outlook from Company: Recent developments such as a reduction in interest rates, start of a
normal monsoon and government's concerted efforts to stimulate investment across several sec-
tors are likely to have a favourable impact on improving the overall economic environment in the
country. Higher annual budget allocation for infrastructure, affordable housing, upgradation of roads
and the Government's strong focus on connectivity will drive cement demand and aid growth going
forward.
Everyone, whose financial advisor is allowing to trade in this stock for medium to long term can
watch with a stop loss of Rs.1325.
Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in
the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make pur-
chases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest
obviously in their going up or down as the case may be.
Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources
believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their
own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or
responsible for any legal or financial losses made by anybody.
Financial Weekly

INVESTMENT
Primary Market - Dilip K. Shah
The primary market is tumbling due to bearish trend in the secondary market
Majority of the Co. planning IPOs may postpone the plans as market sentiments are not in favour
Due to poor listing of the mainboard IPOs, the investors are leaving the field
Market stunned as Spandana and Sterling Wilson IPOs got listed with discount
Maharashtra-based two Startups to come up with IPOs on BSE SME platform on the same date
Salasar Exteriors and Contour Limited NSE SME IPO Opens on 28th August
Alphalogic's IPO to open on August 26 will be the first BSE SME IPO Startup platform
Transpact Ent.'s BSE SME Startup IPO with fixed price of Rs 130 will open on August 26
NCDs issues of Kosmattam, Shriram Trans and Tata Capital have exited the market
Aplhalogic, apart from being the first Startup platform IPO, has sound track record and reasonable price
Transpact Ent's negative earning and aggressive price make it risky affairs for investors
Tata Capital's NCDs issue received good response : other issues faced difficulties in getting fund
Wadia Group's budget airline Go-Air plans Rs 1500 crore by end of the current year
In the dark clouds of bearish trends hovering over the secondary market after the budget presentation on
July 5, there is no silver lining. The benchmark indices are plunging everyday. Nifty has lost 1300 points
and Sensex has lost 4000 points.
Two mainboard IPOs - Spandana Sphoorty and Sterling & Wilson Solar - got poor response and also got
listed with discounted price shocking the market. The companies are not ready to enter the market even
though SEBI approval for IPO is going to lapse soon. Similar is the case with SME IPOs.
Now two Startups are gearing to enter the market using this new platform, which will be test cases.
In absence of mainboard and SME IPOs, the NCDs issues are queuing up. Currently, six NCDs issues
are in the market.
* Last week listing:-
• Spandana Sphoorty (542759) :- The issue with offer price of Rs856 got listed on August 19 with
3.73% discount at Rs824 and went up to Rs865 and down to Rs690 before closing at Rs848.40. It went
down further on Thursday to close at Rs826.
• Sterling and Wilson Solar (542760) :- As against offer price of Rs780 it got listed with 10.27% dis-
count at Rs700 on August 20 and went up to Rs755 and down to Rs691 before closing at Rs725.35. It went
down further on Thursday at Rs637.40.
It should be noted that in this column of Smart Investment last week, we had predicted that there are
BSE SME IPO

Sr Company Open Dt. Issue size Offer price Minimum Lead Rating Remark
Close Dt. (Rs. Cr.) (Rs.) Applications Size Manager (Out of 50%) %
1. Alphalogic 26-8-2019 7,36,000 Eq. 84 1600 Eq. Shares Finshore 38% APPLY FOR
Techsys 28-8-2019 (Rs. 6.18 Cr.) (Rs. 1,34,400) Management MID TO LONG TERM
2. Transpact 26-8-2019 1,04,000 Eq. 130 1000 Eq. Shares Aryaman 17%
Enterprise 28-8-2019 (Rs. 1.35 Cr.) (Rs. 1,30,000) Financial MUST AVOID
NSE SME IPO

Sr Company Open Dt. Issue size Offer price Minimum Lead Rating Remark
Close Dt. (Rs. Cr.) (Rs.) Applications Size Manager (Out of 50%) %
1. Salasar 28-8-2019 23,60,000 Eq. 36 4000 Eq. Shares Navigant NEXT WEEK
Exteriors 3-9-2019 (Rs. 8.49 Cr.) (Rs. 1,44,400) Corporate Cont...
Financial Weekly

INVESTMENT
Non Convertible Debenture (NCD) Issues at a Glance

Sr Company Issue Open Bond size F.Value Min. Listing Rating Recomm.
Issue Close (Rs. Cr.) (Rs.) App.
31-7-2019 Base Size of Rs. 100 Cr. 1,000/- 10 NCDs BSE AA/Stable by CARE
1. Indiabulls 30-8-2019 withan option to Retain (Rs.10,000) NSE &
Consumer Oversubscriptionup to Lead manager : BWR AA+ by Average
Finance Rs.900 Cr. Edelweiss Fin. Services, Brickworks
(aggregating to A.K. Capital, Axis Bank,
(Rs. 1000 Cr.) Trust Investment Adv.
6-8-2019 Base Size of Rs. 100 Cr. 1,000/- 10 NCDs BSE BWR AA+ Apply
2. India Infoline 30-8-2019 withan option to Retain (Rs.10,000) NSE &
Finance Oversubscriptionup to Lead manager : CRISIL AA/Stable
for
Ltd. Rs.900 Cr. Edelweiss Capital ICRA AA/Stable Long
(aggregating to ICICI Securities Term
(Rs. 1000 Cr.) IIFL Holdings Ltd.
6-8-2019 Base Size of Rs. 100 Cr. 1,000/- 10 NCDs BSE AA/(Stable)
Apply
3. J M Financial 4-9-2019 withan option to Retain (Rs.10,000) by ICRA
Products Oversubscriptionup to Lead manager : AA/Stable for
Ltd. Rs. 400 Cr. A.K. Capital, by CRISIL Long
(aggregating to J.M. Financial, Term
(Rs. 500 Cr.) Trust Investment
7-8-2019 Base Size of Rs. 100 Cr. 1,000/- 10 NCDs BSE BBB/Stable
4. Muthoottu 5-9-2019 withan option to Retain (Rs.10,000) by CARE
Mini Oversubscriptionup to Lead manager : AVOID
Financiers Rs. 50 Cr. Vivro Financial Serv.
(aggregating to
(Rs. 150 Cr.)
19-8-2019 Base Size of Rs. 100 Cr. 1,000/- 10 NCDs BSE BWR : AA
5. SREI 18-9-2019 withan option to Retain (Rs.10,000) (Outlook : Negative)
Equipment Oversubscriptionup to Lead manager : by BWR AVOID
Finance Rs. 400 Cr. Karvy Investor, SMC Capital AA- (Minus) by
Tranche I (aggregating to SREI Capital Markets Acuite Rating
(Rs. 500 Cr.)
21-8-2019 Base Size of Rs. 100 Cr. 1,000/- 10 NCDs BSE AA+ Stable by
6. Shriram 19-9-2019 withan option to Retain (Rs.10,000) CARE
City Union Oversubscriptionup to Lead manager : AA/Stable by APPLY
Finance Rs. 900 Cr. A. K. Capital, CRISIL
Tranche II (aggregating to Edelweiss Capital
(Rs. 1000 Cr.)
strong chances of Spandana Sphoorty and Sterling & Wilson Solar getting listed with discount. It has come
100% true.
* This week's SME IPOs :- Both the issues are from Startup platform.
• Alphalogic Techsys :- The Maharashtra-based startup will be the first startup to get listed on BSE SME
Startup platform. The company's 90% income comes from export, in which the prestigious 10 top customers
account for 60% share. The company's track record is sound and it has been maintaining 40% CAGR growth.
It has presence in 12 countries and boasts of wide experience in IT sector. The issue may migrate to new
board after one year as per the new norms of SEBI. The issue with reasonable price may give good returns in
medium to long term.
• Transpact Enerprise :- The company has been witnessing losses from the beginning. In FY2017-18
the company's turnover was zero, while in FY2019 it touched merely Rs13 lakh. The company's param-
eters are negative and offer price is as high as Rs130. The prime question is how could a company with
negative fundamentals and higher valuation get permission to enter the market. The company is planning to
raise Rs1.35 crore but it will be unutilized and it is spending Rs30 lakh for IPO. The company may have to
wait for another four five years to migrate to the mainboard as per new norms of SEBI. It is a risky affairs so
it is advisable to keep distance.
• This week's NCDs issues :- NCDs issues of Kosmattam Fin and Shriram Transport Fin have got
closed. Kosmattam Fin's NCDs issue got good response while Shriram Transport's issue got only base
price.
Financial Weekly

INVESTMENT
It should be noted that Tata Capital's NCDs
Subscription figure of Current NCDs Issue
issue with base price of R500 crore had shelf Sr. NCDs Base Issue aggregating Subscirbed (x)
limit of Rs4126 crore. However, the issue got as on : 22-8-2019 (Rs. Cr.) (Rs. Cr.) (against
good response compared to other issues with Base Issue)
4.47 times subscription and closed on August 1. Indiabulls Cons. Rs. 100 Cr. Rs. 1000 Cr. 0.13x
2. India Infoline Rs. 100 Cr. Rs. 1000 Cr. 2.06x
20. SREI Equipment and Shriram City Union's 3. J. M. Financial Rs. 100 Cr. Rs. 500 Cr. 0.96x
NCDs issues entered the market on August 4. Muthoottu Mini Rs. 100 Cr. Rs. 150 Cr. 0.70x
19 and August 21 respectively. 5. Tata Capital Fin. Rs. 500 Cr. Rs. 4126 Cr. 4.47x
More details about current NCDs issues - (Issue Closed on 20-8-2019)
6. Srei Equipment Rs. 100 Cr. Rs. 500 Cr. 0.05x
Indiabulls Consumer Fin, IIFL, JM Fin, 7. Shriram City Union Rs. 100 Cr. Rs. 1000 Cr. 0.07x
Muthoottu Min, SREI Equipment and Shriram
City Union - are given in separate box.
* Insight into upcoming issues:- Listing Information of Listing Information of
• Go-Air :- Wadia Group promoted budget Spandana Sphoorty Sterling & Wilson Solar
airlines Go-Air is planning to come up with BSE Code 542759 BSE Code 542760
Rs1500 crore issue by end of the current year. Listing Date 19-8-2019 Listing Date 20-8-2019
It will appoint bankers soon. Offer Price Rs. 856.00 Offer Price Rs. 780.00
• IRCTC : Indian Railway Catering & Tour- Listing Price Rs. 824.00 Listing Price Rs. 700.00
ism Corporation planning to IPO and filed Listing Day High Rs. 865.00 Listing Day High Rs. 755.50
DRHP in sebi. IPO likely to Rs. 500 to 600 Listing Day Low Rs. 690.00 Listing Day Low Rs. 700.00
Cr. IPOs. BRLM’s : IDBI capital Market & Se- Listing Day Close Rs. 848.40 Listing Day Close Rs. 725.35
curities, SBI Capital Market, Yes Securities CMP (Rs.) Rs. 826.00 CMP (22-8-19) Rs. 637.40
**
19 SME Emerge companies

migrated to NSE mainboard
The companies with smaller market capital get listed on SME plat- Public Issues and Listing
form. As per the sources in the primary market, 19 companies that got on SME Platform at NSE
listed on NSE Emerge platform have migrated to NSE mainboard dur- FY Fund No. of
ing the year. Raised Listing
(Rs. Cr.)
However, some of the companies like Creative Pheripherals, Airan
2012-13 44 2
Ltd, Veto Switchgears, Sanco Industries have not given speedy returns 2013-14 42 3
but their performance is better compared to the benchmark indices. NSE 2014-15 38 2
Emerge Platform provides optional funding mechanism to the small-mid 2015-16 67 8
cap companies. These companies are given an option to migrate to the 2016-17 363 31
mainboard. This year 19 companies have migrated, while in 2019 total 2017-18 1442 87
14 companies had migrated to mainboard. The companies who have 2018-19 1048 62
migrated to the mainboard will provide liquidity and there will be trans- 2019-20 92 5
parency due to disclosure facilities. The shares of Creative Peripherals that migrated to the
mainboard on August 5 has increased by 10%, while Nifty - 50 broader market index has in-
creased only 0.72%.
In addition, the shares of other companies have gone down marginally but are ahead of
other companies. For migration to the mainboard, these small companies need to adhere to the
corporate governance norms, which is good thing for the investors. Since FY2013, more than
200 companies have migrated to mainboard from NSE SME platform. These companies had
raised Rs3136 crore. For migration to mainboard, the companies have to fulfill the criteria like
paid up capital of more than Rs10 crore and market capitalization of more than Rs25 crore.
Financial Weekly

INVESTMENT
Alphalogic Techsys BSE SME IPO

Issue Opens on 26th August & Closes on 28th August
Offer Price Rs. 84; Listing on BSE SME Startup Platform
Being a first startup SME IPO it may creat fancy in the market
Considering strong fundamentals, reasonable valuations
Investor can apply for mid to long term in this issue
Incorporated in 2016, Maharashtra-based Alphalogic Techsys Ltd is a Software Consulting Firm. It is en-
gaged in offering end-to-end technology solutions, technology consulting services and support. Alphalogic
Techsys has clients in India and multiple locations such as Australia, the USA and the UK. The services range
of the company includes mobile application development, data analytics services, UI/UX consulting, web ap-
plication development, and business intelligence. The services offered by the company covers various sec-
tors including Software-as-a-service (SAAS Software), Healthcare, Social Networking, Fintech, E-commerce,
and many others. Alphalogic Techsys improves the services offered to the clients by customizing the offerings
from time to time based on clients' needs.
Issue Details
• Issue Opens on 26th August & Closes on 28th August, 2019
• Object of the issue : Benefits of Listings, Working Capital Requirment.
• Issue Size : 7,36,000 Equity Shares
• Face Value : Rs. 10, Total Rs. 6.18 Cr.
• Offer price : Rs. 84 Per Share.
Financial Performance
Particulars (Rs. Cr.) FY 17 FY 18 FY19
• Minimum Lot : 1600 Shares ; Listing : BSE SME
Total Revenue 1.90 2.21 5.10
• BRLM’s : Finshore Management Services Ltd.
• Registrar : Cameo Corporate Services Ltd. Profit After Tax 0.34 0.37 2.19
• Pre Issue Promoter Holding 100% EPS 1.66 1.82 10.74
• Post Issue Promoter Holding : 73.49% RONW (%) 46.53 428.93 98.85
• Issue constitutes 26.51% of the post issue paid up capital
• Co. Management : Mr. Anshu Goel, Mr. Dhananjay Subhash Goel
• Average of last 3 yrs. EPS Rs. 6.25 & RONW 200.16%
• Pre IPO Equity capital Rs. 2.04 Cr.
• Post IPO Equity Capital Rs. 2.78 Cr.
• Pre IPO : P/BV Ratio : 7.73 (NAV 10.86) (31-3-2019)
• Post IPO : P/BV Ratio 2.78 (NAV : 30.25)
• Pre IPO P/E Ratio : 7.80 (FY - 19 earnings)
• Post IPO asking P/E on fully diluted equity : 10.50
• BRLM’s performance : This is 14 issue from BRLM in last Years. In Last 10 Listing : 7 Issues opened with Premium
& 2 Issue with Discount and 1 Issues with at Par.
• This is first SME startup IPO from this merchant Banker
Other side of Coins

• The average cost of acquisition of Equity shares to the promoter is only Rs. 3.41 per share and offer price is
fixed at Rs. 84 per shares.
• Company has issued bonus shares in the ratio of 14:1 in June 2019
• Due to uncertain stock market Condition Company forced to reduce its issue size and offer price. Previously
issue size was Rs. 7.71 & Now it is 6.18 Cr. while offer priced reduce from Rs. 99 to Rs. 84
• Sudden Jump in FY 19 bottom line is surprising.
• Co. had negative cash flow in recent fiscals from investing activities.
• Its registered office premises are not owned by the company.
• Company has to few competition from organized & un-organized players.
Recommendation : - Being a first SME startup platform IPO it will create a fancy in the market. Its 90%
revenue comes from exports with good margins. As per Sebi's new guideline, SME startup IPO may shift to
main board after one year. Considering P/BV of 2.78 and PE of 10.50 IPO is reasonably priced. Investor may
apply for mid to long term
Financial Weekly

INVESTMENT
Transpact Enterprise BSE SME IPO
Issue Opens on 26th August & Closes on 28th August
Offer Price Rs. 130; Listing on BSE SME Startup Platform
It's continuously loss making company for the last three year
Considering negative earning, negative PE & High P/BV ratio
Investors must avoid this highly overpriced IPO
Incorporated in 2013, Maharashtra- based Transpact Enterprises Limited is a biotechnology startup. It provides com-
prehensive & cost-effective products and solutions to specially-abled people. The company is continuously working to-
wards technological innovations and interventions to improve their products. Transpact Enterprises mainly designs, devel-
ops and distributes Vestibulator, a therapeutic device. The device has been invented by the Society for Innovation and
Entrepreneurship, lIT Bombay. And, Transpact Enterprises holds a license to carry out the commercial activities of
Vestibulator. It is a co-patented technology of the company and IRCC-IIT Bombay.
Issue Details
• Issue Opens on 26th August & Closes on 28th August, 2019
• Object of the issue : Redemption of Pre-Shares, Acquisition of R & D facility and Registered Office on a
long term basis
• Issue Size : 1,04,000 Equity Shares Financial Performance
• Face Value : Rs. 10, Total Rs. 1.35 Cr. Particulars (Rs. Cr.) FY 17 FY 18 FY19
• Offer price : Rs. 130 Per Share. Total Revenue Nil Nil 0.13
Loss After Tax -0.05 -0.09 -0.07
• Minimum Lot : 1000 Shares ; Listing : BSE SME
EPS -1.60 -3.24 -2.51
• BRLM’s : Aryaman Capital
RONW (%) -27.59 -28.37 -28.22
• Registrar : Bigshare Services Pvt. Ltd.
• Co. Management : Mr. Aslam Khan and Mr. Anish Choudhery.
• Pre Issue Promoter Holding 100% • Post Issue Promoter Holding : 100%
• Issue constitutes 26.89% of the post issue paid up capital
• Average of last 3 yrs. EPS Rs. -2.60 & RONW -28.17%
• Pre IPO Equity capital Rs. 0.28 Cr. • Post IPO Equity Capital Rs. 0.39 Cr.
• Pre IPO : P/BV Ratio : 325 (NAV 0.40) • Post IPO : P/BV Ratio 3.72 (NAV : 35.00)
• Pre IPO P/E Ratio : Negative • Post IPO asking P/E on fully diluted equity : Negative
• Industry Peer Group PE Ratio : No Listed Peers
• BRLM’s performance : This is 33rd issue from BRLM in last 3 Years. In Last 10 Listing : 8 Issues opened with
Premium & 2 Issue with Discount.
Other side of Coins
• The average cost of acquisition to the promoter per equity shares is only Rs. 1.43 & Offer price fixed at
Rs. 130
• Company issued bonus shares in the ratio of 6:1 in April 2019
• Company has reported losses in the past three years.
• For manufacturing device it has to rely on third party
• Intention to utilize of the issue proceeds for redemption of existing preference shares which is unproductive.
• Company is not paying remuneration to their directors so their inability to retain their service day to day
operations could adversely affect.
• Company's revenue is dependent to single customer
• The company has a limited operating history.
• The IPO proceeds will be used to pay an interest free refundable security deposit to the owner of R&D
facility and registered office owned by promoter.
• Registered office and other infra facilities are not owned by company.
• Negative cash flow from operating and investing activities.
Recommendation Its loss making company since beginning. Company's earnings cash flow, EPS,
PE, RONW everything is negative. Considering poor fundamentals and highly overpriced offer investors
may keep away from this IPO.
Financial Weekly

INVESTMENT
Smart Best Buy S. N. Zaveri

Infoys bets big on Cloud Management Service
Tata Elxsi will derisk business, to focus on Aerospace and Rail Communication
Mahanagar Gas jumps 12 per cent in turbulant market
Endurance Technologies : Sound management respects shareholders
Nestle India might be new enterant in Nifty Index
Infosys (Rs. 800.00) (Code : 500209) (F. V. : 5.00) :- Infosys announced that it
has expanded its partnership with Google Cloud to become a Google Cloud Managed Service
Provider (MSP). This will include consulting, assessment, migration, optimization and support ser-
vices for enterprises looking to optimize their workloads on the Google Cloud Platform (GCP). The
Bengaluru-based IT services provider is betting on this growth to drive digital services. Infy says
that this is a space where a lot of IT spend will happen and opportunities will be there. Technology
researcher Gartner has projected that the market size and growth of the cloud services industry at
nearly three time the growth of overall IT services through 2022. Infosys has internally set a target
to achieve over 50% of its revenues from the digital services, up from 35.7% in the quarter to June.
The stock is worth accumulation.
Tata Elxsi (Rs.620.00) (Code : 500408) (F. V. : 10.00) : Tata Elxsi, the design
and engineering services firm is looking to de-risk its business model and focus more on areas
such as aerospace and rail communication.The shift in strategy has come at a time when Jaguar
Land Rover (JLR), its largest client accounting for a quarter of its revenue, is going through a rough
patch.In the June quarter, the Tata group company reported a 31 per cent decline in net profit to Rs
48.79 crore, owing to general slowdown in the automotive sector, which contributes above half of
its total revenues. Since its earnings announcement, the share price of the firm has already de-
clined close to 14 per cent. With an objective to reduce its concentration risk in automotive, the
company has already put together a focus team consisting of close to a 100 engineers. The com-
pany is also looking to increase contribution of the other two verticals — medical, and media &
communication. Medical is a relatively smaller business for the company and in a three-year
timeframe, it would like to make it almost the same size of other verticals. Prospects are good.
Accumulate.
Mahanagar Gas (Rs. 842.00) (Code : 539957) (F. V. : 10.00) :- Mahanagar
Gas Ltd (MGL) stock jumped 12 percent on last Tuesday after BG Asia Pacific Holdings (BGAPH),
exited from the gas distribution company on Tuesday by selling 10 percent stake in the company
via block deals.The exchange data shows that British Gas sold 98 lakh shares in the natural gas
distribution company through block deals. The block deal was done at a price of Rs 780 per share
on NSE. Mahanagar Gas reported 32.66 per cent year-on-year growth in June 2019 quarter net
profit at Rs 170.24 crore. The company has been jointly owned by GAIL (India) Limited, Govern-
ment of Maharashtra and BG Asia Pacific Holdings Pte. Limited. It is involved in the distribution of
compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and its adjoining areas
and in the Raigad district in Maharashtra. It also supplies CNG for vehicles, including rickshaws,
taxis, buses, trucks and cars in Mumbai, Thane, Mira-Bhayander, Navi Mumbai. As government
policy is favourable for the company, the stock is worth accumulation.
Endurance Technologies (Rs. 858.00) (Code : 540153) (F. V. : 10.00) :-
Endurance Technologies (Endurance) is one of the biggest suppliers of components to 2- wheel-
Cont...
Financial Weekly

INVESTMENT
ers and 3-wheelers in India, having core-competence in aluminium casting, transmission and sus-
pension products. The company is likely to benefit from new customer wins, stricter safety norms in
India and increasing demand for aluminium content in passenger vehicles across India and Eu-
rope. The company is growing at a rate faster than its peers as well as its underlying industry.
Shares of Endurance Technologies were up 15-17 per cent after the company withdrew expan-
sion plan of new business for manufacturing of tyres. Management said ‘To the wishes of the
important stakeholders' feedback, the management (has) reconsidered the same and (has) de-
cided not to pursue the aforementioned project.’ It is an examplary development which shows how
the management respects its shareholders. It is a sign of sound management. In these days corpo-
rate governance issue is a big challenge. In such a scenario, Endurance is one of the stock you
can rely on. Buy.
Nestle India (Rs. 12328.00) (Code : 500790) (F. V. : 10.00) :- Nestle India is
likely to be included in the Nifty from October 2019 following changes in the eligibility criteria for
inclusion of stocks in the index. Nestle stock is hitting a record high of Rs 12,500 plus even in an
overall weak market. The index is reconstituted twice a year, in January and July. The replacement
of stocks, if any, is implemented from the first working day of futures and options (F&O) series of
April and October. If there is a change, a four-week notice is given to the market participants. Nestle
has very strong brand portfolio and has 70% success rate in new launches in past 3 years (3.7% of
sales) and posted double digit volume growth in tough environment. Maggi, although reached all-
time high sales, its market share at 59.6% is far lower than 75%+ in pre-crisis level. Buy this multi-
national stock.
(SEBI Registered Research Analyst)

* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on
23rd August, 2019 unless specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though,
every care has been taken, we will not responsible for any errors / omissions o All disputes are subject to Ahmedabad jurisdictioner
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ykuøkýsðk¤k fuÃkex÷ yuzðkEÍhe «k. ÷e.

Dharmesh R. Shah (ykuøkýsðk¤k) 92272 07037
yøkúðk÷ MkuLxh, ELf{xuûk Mkfo÷, y{ËkðkË.
Financial Weekly

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Financial Weekly

INVESTMENT
Dalal Street Whispers Dilip K. Shah
United Spirit (Rs. 564.00) (Code: 532432) :- Diageo has increased its stake in this
liquor company. This is having a positive impact on the stock.
Bajaj Electricals (Rs. 357.00) (Code: 500031) :- The company’s sales are ex-
pected to show strong growth in the coming festival season.
Subros (Rs. 218.00) (Code: 517168) :- The government is believed to be mulling
reliefs and concessions for auto sector, which will also benefit auto ancillary companies. Current
can be seen in stocks of Subros, Munjal Auto, Jaybharat Maruti, Gabriel India, etc.
Jubilant Food (Rs. 1111.00) (Code: 533155) :- The company likely sold a large
number of burgers on ‘Burger Day’ on August 22. Good numbers can be expected from the com-
pany.
Nestle (Rs. 12,458.00) (Code: 500790) :- This FMCG major is likely to be included in
the benchmark Nifty Index from October. Both trading volumes and share price can be seen mov-
ing northwards.
Cadila Healthcare (Rs. 214.00) (Code: 532321) :- Zydus Cadila has received final
approval from USFDA to market Ranolazine extended release tablets in US. The tablet is used to
treat chronic angina.
Greaves Cotton (Rs. 115.00) (Code: 501455) :- The company has reported 33%
growth in CNG market in a weak automotive market on the back of its new 400 CC water flood
engine.
Biocon (Rs. 221.00) (Code: 532523) :- Singapore’s Temasek and home grown PE
fund True North along with Canadian Pension Plan Investment Board are having separate discus-
sions to invest $300 million or Rs. 2,100 crore, in a subsidiary of Biocon.
Alembic (Rs. 500.00) (Code: 533573) :- This company has received zero observa-
tions from USFDA after an inspection of its Vadodara unit.
Coffee Day (Rs. 76.00) (Code: 539436) :- The shares have hit the upper circuit in
each trading session in this week. After the suicide of founder VG Siddharth, the company is aim-
ing to reduce its debt. The stock has rallied 22% after Coffee Day signed a deal with PE firm
Blackstone for sale of its Global Village Tech Park. It is believed that ITC is in talks to takeover its
retail coffee chain business.
HPCL (Rs. 226.00) (Code: 500104) :- This oil major is benefitting from reduction in
crude prices. It has also decided to invest Rs. 74,000 crores in five years.
Jai Corp (Rs. 67.00) (Code: 512237) :- The company has a huge land bank near the
proposed Navi Mumbai airport site. It has decided to merge its wholly owned subsidiary Jai Realty
Ventures with itself.
Infosys (Rs. 795.00) (Code: 500209) :- IT shares have done well in recent times, and
Infosys has led the charts. According to reports, it is forming a strategic partnership with Google
Cloud.
Bharat Ele. (Rs. 93.00) (Code: 500049) :- Morgan Stanley has initiated coverage on
Financial Weekly

INVESTMENT
the stock, and given a target price of Rs. 116 with ‘Overweight’ rating. It received orders of Rs. 9185
crores in June quarter to take its total order book to Rs. 51,715 crores.
GAIL (Rs. 120.00) (Code: 532155) :- The share has corrected 30% in nine months.
Leading brokerage house Emkay has said that GAIL’s valuations have become attractive after the
correction. It has upgraded the stock’s rating to ‘Buy’ with favourable risk-reward ratio.
Lupin (Rs. 737.00) (Code: 500257) :- The pharma major has signed agreement with
Abu Dhabi based Neo Ala Co. to sell its Japanese injectables business.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may
have investment in this stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am
recommending • Stop loss is useful for Short / Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising
out of investment based on tis advices • Past performance may or may not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI
Regn No. : INH000002152
Financial Weekly

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REVIEW OF “SMART PLUS NEWS LETTER”

Amazing 29% RETURN
SMART GAIN FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
19-8-2019 High (%) 19-8-2019 High (%)
Asian Paints 1570 1597 1.72 NCL Ind. 110 115 4.55
Balkrishna Ind. 718 740 3.06 PTC India 57 59 3.51
Trent 465 475 2.15 RACL 64 66 3.13
United Spirit 580 590 1.72 Precision Camshaft 39 40 2.56
L&T 1334 1352 1.35 Spice Jet 143 146 2.1
IGL 253 327 29.25 Dhampur Sugar 156 158 1.28
HDFC AMC 2253 2296 1.91 Pearl Global 137 142 3.65
Ratnamani Metal 900 928 3.11 Everest Ind. 327 332 1.53
Kotak Bank 1449 1506 3.93 NCC 63 64 1.59
Aarti Ind. 1597 1735 8.64 GNFC 194 197 1.55
Nestle 12011 12587 4.8 GSFC 72 74 2.78
Dr. Lal Path 1177 1199 1.87 Jubilant Food 1113 1155 3.77
Gujarat Gas 184 188 2.17 Bhart Forge 397 402 1.26
Petronet LNG 241 244 1.24 DR. Reddy 2492 2554 2.49
MCX 850 865 1.76 Kajaira Cera. 482 499 3.53
STAR 400 412 3.00 Amarraja Batt. 618 628 1.62
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Financial Weekly

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FII Activity (Rs. in Cr.)

SMART 25th August to 31st August 2019 4

Alphalogic Techsys Ltd

Alphalogic Techsys Limited provides a range of services including Product re-

Corporate Feature Issue Details

enter into the capital market via

SMART 25th August to 31st August 2019 5

Objects of the Issue change. This platform endeavors to

SMART 25th August to 31st August 2019 6

Platform. With the raised funds we aim Promoters of Alphalogic

SMART 25th August to 31st August 2019 7

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Rapid Fire Stocks

- Kalpna J (Email- Kjtech79@gmail.com)

(Ring : 97690 37711) Twitter : @Kj_TechTrades

SMART 25th August to 31st August 2019 9

SMART 25th August to 31st August 2019 10

SMART 25th August to 31st August 2019 11

SMART 25th August to 31st August 2019 12

Rapid Fire Stocks

Think about NIFTY FUTURE ?

SMART 25th August to 31st August 2019 13

NCL IndustriesLimited (Rs.104)

SMART 25th August to 31st August 2019 14

SMART 25th August to 31st August 2019 15

This Weeks Recommendations

SMART 25th August to 31st August 2019 16

Buy or Sell, Confused ?

SMART 25th August to 31st August 2019 17

SMART 25th August to 31st August 2019 18

Smart Education - Yog Joshi

SMART 25th August to 31st August 2019 19

SMART 25th August to 31st August 2019 20

TECHNICAL TALK Dhananjay Kadam

Stocks for Handsome gains

SMART 25th August to 31st August 2019 21

Vedanta Ltd (Last Close Rs129) :

HUL (Last close Rs 1872)

SMART 25th August to 31st August 2019 22

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

English & Gujarati Edition Gujarati Edition

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

SMART 25th August to 31st August 2019 23

Commodities Chart & Levels

Crude oil :- Crude oil is facing

Silver :- Similarly to gold sil-

Gold :- Gold long term and

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Terrific Shots - Dilip K. Shah

SMART 25th August to 31st August 2019 25

The market is oversold but keep

SMART 25th August to 31st August 2019 26

Lackluster week on weak global clues

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