web : Investment... · Sensex 36950-37011 and Nifty 10751-10827 constitute the critical Weekly...

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Primary Marketwitnesses

strong movementdue to

bullish trend inIndian sharemarkets

inJune-July

Mainboard IPOs, NFOs,Rights Issues, ETF and

NCDs issuesqueue up in this week

Rossari Biotech's MainboardIssue with price band of Rs 423to Rs 425 will open on July 13

Yes Bank's Rs.1500 crore FPO willopen with floor price of Rs.12

Bharat Bond ETF will enter the market on July 14to raise Rs.3000 crore to Rs.14000 crore

Grey Market unlocked withNew mainboard issue in the primary marketRossari Biotech premium, interest rates and

subject to counters witness movement

Dow Theory - Charles Henry DowFather of Technical Analysis

Smart Steps to PortfolioManagement - II

Market takes abreather around

200-SMA

Sudden jump in Rossari Bio IPOs Premium at Saturday evening

Are Yes Bank's FPO, A.B.Fashion's Rights issueand Bharat Bond ETF worth subscription?

RNI No : GUJENG / 2008 / 24320

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

Only Financial Weekly Published in English & Gujarati

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12th July 2020 to 18th July 2020

Only Financial Weekly Published in English & Gujarati:: Shree Ganeshay Namh ::

VOL : 13 • Issue No: 22

Page67

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FII Activity (Rs. in Cr.)Date Buy Value Sell Value Net Value06-07-20 4111.43 3763.08 348.3507-07-20 6580.15 5750.25 829.908-07-20 5473.24 6468.11 -994.8709-07-20 4516.59 4303.82 212.7710-07-20 2489.45 3520.45 -1031TOTAL 23170.86 23805.71 -634.85

DII Activity (Rs. in Cr.)Date Buy Value Sell Value Net Value06-07-20 4205.92 3942.45 263.4707-07-20 3512.24 4296.71 -784.4708-07-20 3721.81 4575.22 -853.4109-07-20 2872.1 3675.49 -803.3910-07-20 2777.56 3208.77 -431.21TOTAL 17089.63 19698.64 -2609.01



12th July 2020 to 18th July 2020 5SMARTI N V E S T M E N T

Financial Weekly

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Stocks Reco Date Reco Price Recomm. High AfterADANI POWER 9th April 20 30.25 33.75-36 41.9BAJAJ FIN 9th April 20 2450 2550-2650 34920J K CEMENT 9th April 20 970 1075-1100 1492PRAJ IND 9th April 20 62 67-72 71.8STERLITE TECHNO 9th April 20 70 82-88 138.5L&T FIN 16th April 20 56.5 63-67 74.75M&M FIN 16th April 20 163 181-185 212.7EID PARRY 20th April 20 147.5 165-175 295.8LAURUS LAB 21st April 20 423 445-460 603.85ALEMBIC PHARMA 21st April 20 630 685-700 983.15BAJAJFINSERV 23rd April 20 4730 5150-5300 Stop lossEID PARRY 8th May 20 156 175 295.8ADVANCED ENZYMES 15th May 20 160 185-190 Stop lossGRANULES 19th May 20 164.5 190-200 240LAURUS LABS 19th May 20 438 490-525 603.8CHEMBOND CHEMICALS 20th May 20 171 200 Stop lossPLASTIBLEND India 1st June 20 160 190-200 190 achievedMoldtech Techno 3rd June 20 41 55-60 45.5KALPATARU POWER 5th June 20 218 245 Exit at 215MOIL 5th June 20 141 165 Book profit at 154TALBROS AUTO 5th June 20 101 120-125 Exit at 100IBULLS HSG FIN 10th June 20 152.5 175 263.45Rain Industries 18th June 20 76 85 102MIDHANI 18th June 20 210 227-235 230

Performance of our last Recommendation

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Financial Weekly

S3 S2 S1 CLOSE R1 R2 R3NIFTY 10334 10447 10607 10768 10893 11036 11175SENSEX 35109 35595 36110 36594 36950 37415 37846

:::: INDEX LEVELS ::::

Jatin Sanghavi(Mumbai)

(M) 098205 [email protected]

Market Scan

Cont...

Rec. Name CMP SL TGT-1 TGT-2Buy SRF 3894 3814 4017 4145Buy NiiTTech 1592 1559 1642 1693Buy MCX 1324 1296 1367 1413Buy SBICards 703 689 725 749Buy SAiL 36 35 38 40

This Weeks Recommendations

RUNNING OUT OF STEAMHAS THE RALLY FOUND ITS RESISTANCE ?

After witnessing a stupendous run of almost 3300 points (i.e. 44%) from a Nifty low of 7500, thecurrent Rally finally seems to have found its Resistance. After overcoming a plethora of Resis-tances in the form of Bearish Island, Bearish Gap, 200 Weekly MA, 61.8% Retracement, the Niftyseems to have found its match in the form of Resistance zone of 10751-10827 which is a result ofthe confluence of Weekly Bearish Gap and the critical 200dma. Small body candles for the entireweek, exactly in the Resistance zone, suggest difficulty in crossing the Resistance zone. Thisweek seems to be a critical one as it will decide further course of action for the Nifty. A break of Nifty10631 will open the doors to test the higher bottom at 10194. A downward break of 10194 can pulldown the Nifty to Support zone of 9700-9600.

TECHNICALLY SPEAKING.Sensex opened the week at 36313, made a high of 36828, low of 36234 and closed the week at

36594. Thus it closed the week with a gain of 573 points. At the same time the Nifty opened theweek at 10723, made a high of 10847, low of 10676 and closed the week at 10768. Thus the Niftyclosed the week with a gain of 161 points.

On the daily charts, both the indices have formed a Doji. On Thursday, a Bullish Harami wascompleted but it had little significance as it had occurred at the top. Also each day of the weekformed small body candles which have little significance. On the weekly timeframe, both Sensexand Nifty have formed a small White body Spinning Top. Since the shadows are very small, it can



Financial Weekly

even be classified as a Star formation. This formation can have bearish implications if we haveconfirmatory black body candle next week. Thus candlestick analysis suggests a neutral to bear-ish bias in the near term.

After overcoming strong hurdles in the form of Bearish Island, Bearish Gap, 200 Weekly MA andthe critical 61.8% Retracement, both the indices finally seems to have found their match in the formof strong Resistance zone formed between Sensex 36950-37011 and Nifty 10751-10884. Theabove zone is a result of confluence between the Weekly Bearish Gap and the critical 200dma(Sensex - 36963 and Nifty - 10884). Sensex 36950-37011 and Nifty 10751-10827 constitute thecritical Weekly Bearish Gap.

Indices have immediate support in the form of daily as well as weekly Bullish Gap betweenSensex 36234-36110 and Nifty 10676-10631. A bearish break of this Bullish Gap, can take theindices down to test the higher bottom at Sensex 34499 and Nifty 10194. A break of this higherbottom, can take the indices further down towards the strong Support in the form of Bullish Gap onWeekly as well as Daily timeframe i.e. between Sensex 32876-32480 and Nifty 9706-9598.

Bullish Island still holds, whose failure point is below the Low of Opening White Body Marubuzowhich is at Sensex 32348 and Nifty 9544. In case of a failure of Bullish Island, Market will go downto test the higher bottoms at Sensex 29968 / Nifty 8806.

Both the indices are well above the Short term average of 20dma (Sensex - 35224 and Nifty -10387) as well as Medium term average of 50dma (Sensex - 33443 and Nifty 9850). Both theindices continue to remain below the Long term average of 200dma (Sensex - 36963 and Nifty -10884). Thus the Trend in the Short term as well as Medium term Timeframe is Bullish, whereasthe Trend in the Long term Timeframe continues to remain Bearish.

MACD as well as Price ROC are both positive and continue in Buy mode. RSI (67) suggestsbullish momentum. Stochastic Oscillator %K (87) is below %D and hence in Sell mode. ADX (28)suggests UpTrend is strong. Directional Indicators continue in Buy mode as +DI continues above-DI. MFI (59) suggests Positive Money Flow. OBV continues in Buy mode. Buy signal in BollingerBand continues. Thus majority of Oscillators are suggesting a Bullish bias.

Options data for July series indicate highest Call Open Interest at the strike of 11500, followedby 11000. Highest Put build-up is at the strike of 10000, followed by 10500. Thus Options datasuggest a range with Resistance @ 11000 & Support @ 10500.

Buy... Buy... Buy on Dips Sell on HighHoldTejas Network 54.00

NCC 33.00D-Link 91.00IDBI Bank 43.00J.M. Fin. 82.00Praj Ind. 67.00

NOCIL 101.00Pioneer Dist. 122.00Den Network 77.00Jayshree Tea 52.00Geojit Fin. 42.00

GIC RE 155.00

Deeapk Nitrite 155.00Mahindra EPC 182.00Bharti Airtel 574.00Globus Spirits 136.00Sharda Crop. 273.00

CCL Products 242.00IEX 185.00TVS Ele. 99.00Indoco Remedies 203.00SEAMEC 416.00

Future Conf. 12.00PNB 35.00Future Life 120.00

Indigo 1017.00Guj. Gas 306.00PVR 1047.00BATA 1271.00OMAX 79.00

IGL 423.00Mahanagar Gas 969.00Canara Bank 102.00

ITC 194.00TCS 2221.00

HCL Info 160.00ICICI Bank 36.00Bandhan Bank 373.00Glenmark Pharma 426.00SBI Life 859.00

Ajanta Pharma 1419.00Shriram Trans. 699.00ERIS Life 447.00HDFC Life 592.00


Financial Weekly

WILD SWINGS INEVEREST ORGANICS

BPS RAJA (Mumbai)E-mail [email protected]

Cont....

When these shares were recommended in our earlier issue the shares were available aroundRs.180. During the course of the week it was failing rapidly and touched a low of Rs.162 on the lastsession held on Friday. This was in spite of the news that the co has successfully releasedOseltamivir which is now used to treat certain Covid 19 patients.

To every one's surprise on Friday towards the closing the share smartly moved up by over 10%to touch Rs, 184.80 to close low at Rs.181, with significantly higher volumes. One may tempt tothink that there has been a clear accumulation when the share was sliding the whole week. Keepa close watch. After aa small capital of rs.8 Cr and EPS of Rs.5 has announced re one as dividend.Further 85% of the shares are with the promoters. Any significant buying can make the share flythrough the roof.

CHEMISTRY IS THE FLAVOUR OF THE INVESTOR : After grabbing the pharmashares investors' attention is shifting towards chemical shares. There are expectations that theGovt. will impose anti-dumping duties on cheap products coming from Korea and China. In thelight of those developments keep an eye on the following scrips

Deepak Nitrite : there is a strong resistance around Rs 500. Once this resistance getsbroken one can expect a smooth rise to Rs 620 and in another twelve months a price of Rs 1200.On a Capital of rs 27 Cr it earns a NP of over Rs.500 Cr and the profitability will further improve withits expansion which is going on.

What is more this share will soon get listed in the Futures & Options that will increase activitiesin the counter further.

Gujarat gas :Finding it impossible to break the barrier at Rs300. If it crosses this mark andstays above that expect further rise.

SADHNA NITRO CHEM Rs33 Rs one paid. When it was Rs 10 paid it had touched amagic figure of Rs1000. Last three quarters were bad and the share came down to Rs25. Todayshuge volume of buying indicates the co is now in a turnaround case. What is more that there werebuyers for a massive 12 lakh shares with no sellers. The co is dividend paying and has a smallcapital of just Rs. 10 Cr.

SADHNA NITRO RS.33 WORST IS OVERIT HAS DECLINED FROM 1000 TO rs.33 IN THE LAST FEW MONTHS WHY?

A reader from moneycontrol.com who attended last week's AGM gathered the following infor-mation in the meeting. After the meeting there are more buyers in this share. Following is the infohe got from the AGM



Financial Weekly

(1) So during Q1 Co plants were disrupted bcoz they were updating their Effluent treatmentprocess in align with Increased Capacities

(2) In Q1 there was huge discrepancy in Turnover in standalone n consolidated, this happeneddue to Goods sold by Indian Cos to its overseas subsidiary bt it remained unsold/in process ofbeing sold by end of Q1 , Co mangnt has assured this anomaly is not expected in future qrts

(3) Though product prices did soften in last 6 months bt its healthy side , Demand for co productscontinues to grow, Co plans similar expansion of capacities in this year as well

(4) To one query of market rumour that Co is going to be delisted ,Mangnt said at present they hvNo such plans n they want to grow their business n be competitive in pricing of products n costcutting measures= So I don't see any problem in holding Sadhana Nitro at Rs 106 , Bright days willcertainly come back , Hold on all your shares

Sadhana Nitro Chem Ltd (SNCL) is engaged in the manufacture and marketing of Nitroben-zene and its downstream derivatives and intermediates ( for various applications in Pharma, Agro,Dyes, Plastic Additives & Epoxy resin hardeners.

The product range of the company includes Nitrobenzene, Metanilicacid, SodiumMeta, Nitroben-zene, Sulfonic Acid,3,3 DinitroDiphenyl,Sulphone,Aniline 2,4 DisulfonicAcids,Aniline 2, 5DisulfonicAcids,Meta Amino Phenol,N, N Diethyl Meta, Amino Phenol,3-Diethylamino, Phene-tole,3 - IsopropoxyAniline,Spiro (isobenzofuran-1(3H), 9),Spiro (isobenzofuran-1(3H), 9) and 2-Di(phenyl methyl)amine-6.

BLACK ROSE INDUSTRIES ; RS 133. The price is around Rs130 for a long timeFor thequarter ended 31-03-2020, the company has reported a Consolidated sales of Rs 98.05 Crore, up3.90 % from last quarter Sales of Rs 94.37 Crore and up 12.82 % from last year same quarter Salesof Rs 86.90 Crore Company has reported net profit after tax of Rs 4.39 Crore in latest quarter.

As it has completed its expansion it is expected to report a net profit of Rs 60 Cr against a smallcapital of Rs 6 cr DURING 2020 -21.Since the first quarter is almost washed off the results to bereported for June quarter may not be impressive. If the share comes down keep the stock in radarto buy at that time.

INDIABULLS GROUP MAKING A COME BACK ? Shares of several companiesof this group which were quoting at very high values lost more than 60% during the current finan-cial year. After lying low for several months on Wednesday they are very much in demand.

IB Ventures: (BSE 532960) Recent high Rs.819 Low 218 Current 130 Considered tobe something bigger than Bajaj Finance Keep a watch

IB INTEGEGRATED (BSE 533520) recent high Rs.765 Low 196 Today it was 55.


Financial Weekly

Global markets turns volatile&

Both side wild movementwill be seen in the month of July

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BUY.... BUY....BUYCo. Name Code PriceA.B. Money 532974 36.00Sail 500113 36.00Equitas Holding 539844 59.00ITI 523610 124.00First Source 532809 43.00Chola Invest 511243 208.00I.B. Housing Fin. 535789 235.00Sobha 532784 236.00Ujjivan 539874 256.00PNC Infra 539150 147.00Ambuja cement 500425 197.00Galaxy Surf. 540935 1562.00Tata Cons. 500800 430.00Sun Pharma 532872 169.00Infosys 500209 781.00Laurus Lab. 540222 597.00

TIPS OF THE WEEKCo. Name Code PriceLinde India 523457 696.00SBI Cards 543066 703.00Nilkamal 523385 1209.00Escorts 500495 1137.00L & T Infotech 540005 2108.00Bombay Burmah 501425 1226.00MCX 534091 1324.00Navin Fluorine 532504 1719.00Rel. Ind. 500325 1824.00NIIT Techno 532541 1592.00HUL 500696 2223.00TCS 532540 2221.00Alchem Lab. 539523 2421.00SRF 503806 3898.00Britannia 500825 3725.00Bharat Rasayan 590021 9655.00

http://t.me/equity99


Financial Weekly

Kalpna J (Email- [email protected])

Rapid Fire Stocks

Cont....

Last Week Performance of Rapid Fire StocksASIAN PAINTS - 1695 - 1761, PIDILITE - 1389- 1419

(Ring : 97690 37711) Twitter : @Kj_TechTrades

TCS (Buy at CMP 2043)Targets - 2142 to 2188 , Time Frame - 1 TO 3 Months

TCS Positioned as a Leader and Star Performer in Finance and Accounting Outsourcing byEverest Group

Tata Consultancy Services , a leading global IT services, consulting, and business solutionsorganization, has been positioned as a Leader and Star Performer in Everest Group’s PEAK Ma-trix™ for Finance and Accounting Outsourcing (FAO) Services

TCS received the highest overall buyer satisfaction score among all the providers listed in thereport. Cited as a key strength was its Machine First™ Delivery Model (MFDM™), a frameworkcoupled with digital levers such as automation, analytics, and Al that enhance business outcomes.

TCS Doubles Down on Japan Investment: Hikes Stake in JV with Mitsubishi Corporation

Tata Consultancy Services Reiterates Commitment to Japanese Market by Increasing EquityStake in TCS Japan to 66 per cent; Current Governance of JV Operations and Management toStay Unchanged

TCS announced that it is increasing its holding in TCS Japan Ltd, its joint venture with MitsubishiCorporation (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 partnersreiterated 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.

mailto:[email protected])


Financial Weekly

The increased equity is the latest in a series of investments that TCS has made in recent yearsto cater to the specific needs of Japanese corporations. To augment the local workforce and gainscale, 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 catalyzetechnology-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 inconstant 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 organizationthat 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 ofbusiness, technology and engineering services and solutions. This is delivered through its uniqueLocation Independent Agile delivery model, recognized as a benchmark of excellence in softwaredevelopment.

A part of the Tata group, India's largest multinational business group, TCS has over 424,000 ofthe 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 theworld have earned it a place in leading sustainability indices such as the Dow Jones SustainabilityIndex (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index.

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Cont....


Financial Weekly

Reliance Ind. (Rs. 1878)Targets - 2000- 2150, Time Frame - 2-6 Months

(Add in All Dips)BP and Reliance Industries Limited (RIL) announced the start of their new Indian fuels and

mobility joint venture, Reliance BP Mobility Limited (RBML). Following initial agreements in 2019,bp and RIL teams have worked closely over the past few months in a challenging environment tocomplete the transaction as planned. bp has paid RIL $1 billion for a 49% stake in the joint venture,with RIL holding 51%.

Operating under the “Jio-bp” brand, the joint venture aims to become a leading player in India'sfuels and mobility markets. It will leverage Reliance’s presence across 21 states and its millions ofconsumers through the Jio digital platform. bp will bring its extensive global experience in high-quality differentiated fuels, lubricants, retail and advanced low carbon mobility solutions

Reliance Industries (RIL) and BP on 9 July 2020 announced the start of their new Indian fuelsand mobility joint venture, Reliance BP Mobility (RBML). Following initial agreements in 2019, BPand RIL teams have worked closely over the past few months in a challenging environment tocomplete the transaction as planned. BP has paid RIL $1 billion for a 49% stake in the joint ven-ture, with RIL holding 51%.

The JV, which aims to become a leading player in Indias fuels and mobility markets, will lever-age RILs presence across 21 states and its millions of consumers through the Jio digital platform.BP will bring its extensive global experience in high-quality differentiated fuels, lubricants, retailand advanced low carbon mobility solutions.

Jio Platforms Limited, a subsidiary of the Company, today received the subscription amount ofRs43,574cr from Jaadhu Holdings, LLC (a wholly-owned subsidiary of Facebook Inc)."With that,Jio Platforms have allotted equity shares to Jaadhu Holdings and now the latter holds 9.99% of thefully diluted equity share capital of the former.

Earlier in April 2020, Facebook and the Mukesh Ambani-led RIL entered into a partnership todrive India's digital platform. This would be the largest investment for a minority stake by a technol-ogy company anywhere in the world and the largest FDI in the technology sector in India.

Reliance Industries Limited is an Indian multinational conglomerate company headquartered inMumbai, Maharashtra, India. Reliance owns businesses across India engaged in energy, petro-chemicals, textiles, natural resources, retail, and telecommunications

• Increase in revenue was majorly driven by higher price realizations of petrochemical and refin-ery products led by increase in Brent crude price. Increased revenues also reflected higher vol-umes with the commissioning of new petrochemical facilities.

• Refining & Marketing segment EBIT declined by 19.6% yoy to Rs5,322cr impacted by signifi-cantly higher crude price, tighter light-heavy differential and adverse movement in light distillatecracks on yoy basis and shutdown of Fluid Catalytic Cracking Unit (FCC). RIL's Jamnagar refiner-ies processed 17.7 MMT of crude.

Cont....


Financial Weekly

• GRM for Q2FY19 stood at $9.5/bbl against $12/bbl in Q2FY18, missing the estimate of $10.4/bbl. • Retail revenue grew by 121.5% yoy to Rs32,436cr, driven by store expansion, strong valueproposition and focus on customer experience across all consumption baskets. Retail now has9,146 stores. • Jio has accelerated its pace of subscriber additions with net addition during thequarter of 37million. ARPU during the quarter stood at Rs131.7 per subscriber per month, in-linewith our estimate of Rs131

Reliance Industries Limited is a Fortune 500 company and the largest private sector corporationin India.

As Reliance sets sights on even more ambitious goals, inspired and guided by the story andphilosophy of our founder chairman Dhirubhai Ambani. Hailing from modest means, he followedhis dream to create India's largest company. Reliance as an organisation has adopted this ethos ofconverting adversity into opportunity and making the impossible possible by challenging conven-tional wisdom.

1) March 16, 2018: Recognized for their innovation and bringing transformational change toIndia, Reliance Industries Limited (RIL), a leading provider of energy, petrochemicals, textiles,retail, telecommunications and digital services, was presented with the ‘Drivers of Change’ awardat the Financial Times ArcelorMittal Boldness in Business Awards

2) Barcelona, Spain, 28th February 2018: Reliance Jio Infocomm Ltd. (Jio) announced todaythat the JioTV app has won the “Best Mobile Video Content” award at the prestigious Global Mo-bile (GLOMO) Awards 2018 at the Mobile World Congress (MWC). The other nominees for thisaward included Airtel TV, Migu Hot Video & Bioscope Live TV.

3) Mumbai, 9th March 2018: India’s popular Live TV App JioTV announced that it has intro-duced India’s FIRST interactive sports experience for consumers watching the ongoing tri-nationNidahas trophy which is being shown exclusively on JioTV in India. With this, JioTV consumerscan interact with the game while watching it - A revolution in the Live TV space.

reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a mar-ket cap of Rs 577878.54 Crore) operating in Miscellaneous sector.

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Financial Weekly

REVIEW OF “SMART PLUS NEWS LETTER”Amazing 22% RETURN

SMART GAIN FOR SMART INVESTORSCompany Reccom. Weekly Ch.

6-7-2020 High (%)

Sree Rayalseema 125 153 22.4

Siemens 1149 1173 2.09

Axis Bank 427 453 6.09

Tasty Bites 13057 13500 3.39

Reliance Ind. 1787 1851 3.58

TCS 2199 2269 3.18

Navin Flurine 1679 1734 3.28

HDFC Life 572 585 2.27

Bharat Forge 357 375 5.04

Asian Paints 1697 1745 2.83

Infosys 762 794 4.2

ACC 1314 1328 1.07

Motilal Oswal 600 714 19

BASF India 1239 1264 2.02

HCL Technologies 579 591 2.07

Whirlpool 2159 2259 4.63

Tata Motors 103 109 5.83

Adani Trasnmission 261 265 1.53

Ambuja Cement 195 201 3.08

Bharat Dynamic 375 427 13.87

UPL 444 456 2.7

Voltas 558 574 2.87

Havells India 579 597 3.11

HDFC 1878 1942 3.41

Company Reccom. Weekly Ch.

6-7-2020 High (%)

HDFC Bank 1074 1125 4.75

SBI 185 199 7.57

Sail 30 36 20

Meghmani Org. 53 58 9.43

Guj. Siddhi Cement 31 33 6.45

HUDCO 33 37 12.12

BEL 97 103 6.19

Tera Soft 25 35 40

ITI 111 134 20.72

L&T Fin. 67 71 5.97

Tata Power 49 52 6.12

NOCIL 89 104 16.85

Granules India 208 226 8.65

Exide Ind. 153 157 2.61

GIC Housing Finance 95 100 5.26

Adani Enterprice 159 168 5.66

Radico Khaitan 368 378 2.72

Zee Enter 171 180 5.26

Century Pllywood 125 142 13.6

Deepak NItrite 478 531 11.09

Nucleus Soft 270 283 4.81

Finolex Cable 292 307 5.14

Steel STrips Wheels 433 442 2.08

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Financial Weekly

Jignesh R Mehta(SEBI Registered Research Analyst)E-mail : [email protected] : www.KiranJadhav.com

Phone: 9327 11 3344 / 9328 11 33 44Twitter: @jigneshrmehta

Cont...Chart 1: Nifty - Daily

Markets in BULL's hands with few caution!Synopsys for the concluded week/month:For the week, our markets started with a positive bias and opened with gap up and yet formed a

green candle on day one of the week. Then 2nd and 3rd day of the week, it was subdued tradingwith mix global cues wherein our markets stayed in between the tight range of about 170 niftypoints only. On Thursday, it was again a day of positive sentiment when our markets held thesupport and tested the same resistance zone of 10840 for the day. On Friday, the whole day marketsaw the selling pressure and it was more on BANK NIFTY than NIFTY however, the pressure ofthe last day was not enough to prevent our benchmark to close in green for the fourth week in arow. At close NIFTY registered weekly gains of +1.51% and BANKNIFTY registered the gains of+2.5%. SMALLCAP100 outperformed their larger counter parts with the gains of +3.49%. Sectorwise NIFTY METAL continued its outperformance and showed the gains of +3.47% and FINANCEwas another sector which showed relative performance with the gains of +2.03% for the week.

Technical View on Nifty:This time we are attaching chart 1which is a weekly chart of NIFTY. We are all aware of the

yellow line which is the support of our current rally and as it seems it is turning out to be the steep-est recovery from the lows in last many years. The current level of the yellow line comes to around10440 kind of the level and that constitutes the major support of our current rally. As long as we are

trading above this level we haveno sign of worry.

The reasons why we have at-tached a weekly chart this time isto show you the horizontal yellowline which we showed manyweeks ago in this same write up.As can be seen from the attachedchart, it is the same line whichwas acting nearly as support dur-ing JAN-2019 and also duringAUG to SEP of 2019. While re-commencing rally this time, this isthe same level that is acting as a


http://www.KiranJadhav.com


Financial Weekly

resistance to us, resistance is coming from 10800-10850 kind of zone. This is the same level ifbroken on upside than it should be termed as a much needed breakout. Upon breaking this lineabove, there is no doubt that we can see a fast and energetic up move towards the 11000 and evenbeyond that and that too very swiftly.

Technical View on Bank Nifty:From last 2 weeks, BANKNIFTY is outperforming the NIFTY and it is more of a catchup rally

than anything else. When NIFTY tanked during the start of COVID-19 outbreak, it was BANKNIFTYwhich tanked the most with clear negative divergence and it is because that the BANKNIFTY hasto do catch up rallies like this. Attached is the daily chart 2 of BANK NIFTY. As it is shown theBANKNIFTY is still pretty much traveling between the suggested channel which we have beentalking about. We are on the higher side of the channel but yet to break that one on upside. Break-ing above the channel could bring the same upside momentum that we wanted from NIFTY uponbreaking the suggested horizontal line in above write-up. BANKNIFTY currently has a support at21920 kind of level as shown by a recent support line in blue color. As long as we are tradingabove blue line, we should remain in to the hand of bulls is what we can make out of this chart.

Chart 2: Bank Nifty - Daily


Financial Weekly

DOW JONES Industrial Average

India VIX :- We should all remember that we were telling you about how our marketscould bring the sanity back if we close below the level of 25 on INDIA VIX. By looking at theattached chart 4of daily INIDA VIX we can note that we have already gone below 25 and closedthere for the first time after the COVID -19 episode globally. INDIA VIX going below 25 is a huge

Chart 3: DOW JONES - Daily

Periodically we keep on checkinghow DOW JONES is panning out. Itis to see how our markets could takecues from the major global market ofworld. Attached herewith is the chart3, which is daily chart of DOW. Fromthe chart, we can clearly see that theup slanting support line by joiningthree point of recent low is givingsupport to the present rally. Recentlyon Friday, DOW took support fromthe same line and acted as bulls torecover from the lows. DOW will en-courage our markets as long as it istrading above the yellow line. Belowthe yellow line, we should undergothe sign of caution as what we be-lieve.

positive for our markets. Nextweek is going to be very crucialfor VIX to stay below 25 and ifthat happens, this is going to bean added indicator which wouldsuggest an upside movement inthe market. As can been seenfrom the chart, a yellow horizon-tal line was acting as support toINDIA VIX and not it is trying toturn out as a resistance. Thesame line is positioned at 27.5kind of level. All we don't wantfrom INDIA VIX is to surge backabove 27.5 in at least next weekbecause if that happens, weshould again turn cautious iswhat it indicates.


Financial Weekly

Derivative Data :- On the MONTHLY front, the maximum OI that we have spottedis of CALL OI and that is seating on 11000 strike. The second higher OI is also coming from CALLOI at 11200 strike. PUT side highest OI is at 10500 strike and second highest PUT OI is at 10600strike. From the weekly front we can say that 10500 & 10600 are important support and not easy tobe broken. On upside 11000 is the resistance where maximum call writers are seating.

On WEEKLY front, the highest OI is CALL OI at 11000 strike and second highest CALL OI isalso placed at 10800 strike. Max PUT OI is at 10600 and second highest PUT OI is at 10700.

From both the above data, it is very much clear that even if our markets if crossed the level of10800 which is weekly hurdle from Call writers the next halt should only come near the 11000.

Nifty Support: 10600Nifty Resistance: 10800 / 11000PCR & FUTURE OI:PCR is giving excellent news because it is increasing since 26th June on day end closing

basis. Future OI is also suggesting increase in day end closing basis from last one week. Thisindeed is a right mix for bulls to thrive as per PCR point of view.

Forex:USDINR chart as suggested became weak and tested our levels on lower side. But last week

once again the USDINR has changed it's stance from bearish to bullish for now. According to thecurrent structure INR is going to see weakness against the USD. Chart suggests a 75 as a goodlevel of support for now. As long as we are trading above 75, INR can't gather strength. But goingabove 75.40, it can test back the 75.80 kind of levels is what we believe.

Crude:Crude oil WTI futures chart suggests a consolidation. And it is stillhappening in a tight range.

Upside of the range is 3095 kind of level and lower side of the channel is 2700. While we consider2700, we should also consider a very strong support also coming from 2650 kind of levels. Crudeis still expected to form a range and that is indeed a good news. Good news is because the stabilityit shows at current juncture even after different news flows coming from different sources.

Wishing you a profitable week ahead!Author:JIGNESH R MEHTASEBI Registered Research [email protected]: 9327 11 33 44 / 9328 11 33 44Twitter: @jigneshrmehta

http://www.kiranjadhav.com



Financial Weekly

Top 5 SIPsTop 5 Equity Schemes based on

10 Yr. SIP ReturnScheme Name Return

AnnualisedSBI Small Cap. 16.24Canara Robeco Emergin 14.85Axis Long Term Equity 13.27Principal Emergin 12.74Invesco India Mid Cap 12.40

Top 5 MIPsTop 5 MIP Schemes based on 3

yr. SWP returnsScheme Name Return

AnnualisedIndiabulls Saving Income 7.27Baroda Conservative 7.06ICICI Prudential 5.79Canara Robeco Conservative 5.64LIC MF Debt Hybrid 4.96

Co. Name LowestForward PE (%)

NTPC 6.40Redington 6.79CESC 6.92Power Grid 7.14Tata Power 7.85

The 5 Stocks with thelowest forward P/E

Co. Name EarningGrwoth Ratio

Dilip Buildcon 0.09HG Infra Engg. 0.14Power Grid 0.31Emami 0.34Tata Power 0.36

Best PEGsTop 5 Stocks with the least

price earning to growth ratio

Investor Earn as Div. forEvery Rs.100/- InvestedCo. Name Hig.Div. YieldRedington 8.94Pfizer 8.34Engineers India 5.86Power Grid 4.98Embassy Office 4.88

Income GeneratorsTop 5 Stocks with thehighest dividend yield

Least Expensive Stocks

Co. Name LowestDownside Risk

Dr. Reddy’s 1.21Thermax 1.33HUL 1.33CIPLA 1.36Alkem Labs. 1.38

Least RiskyTop 5 Stocks With thelowest downside risk

Fast Growing StocksHigesht Expected Revenuegrowth over the previous year

Co. Name RevenueGrowth(%)

HG Infra Engg. 44Tata Consumer 41IPCA Labs. 40Info Edge 34HDFC 28

Alternative Investment Returns MonitorPrice Price Return Return

18-6-2019 18-6-2020 1 Week 1 Yr.Sensex 39046.34 34208.05 2.00% -12.39%10Yr. Yield (%) 6.808 5.83 4.50 (bps) -98.20 (bps)

USD - INR 69.80 76.11 0.42% 9.04%

Value of Rs. 1 Lakh Invested in Various Asset(As on 19-6-2020) Sensex Gold Silver FD (SBI) PPF*

1 Year 88799 144433 129427 106800 1080001 YearPost Tax Returns 88799* 131103 120599 104760 1080005 Year 127141 176932 128596 146933 1517575 YearPost Tax Returns 127147* 169239 125737 131317 151757

* Notes : Cumulative equity gains up to Rs. 1,00,000 in a financial year are tax free.All post - tax returns are calculated for an individual in the 30% tax braket, without considering the indexation benefit


Financial Weekly

Co. Name MF MF % Increase PromoterHoldings (%) in 1 Year Holdings %

EMAMI Ltd. 24.87 11.72 52.74V-Mart 15.10 9.48 51.99DCB Bank 26.85 9.37 14.88Wheels India 16.86 9.37 63.27La-Opala RG 14.02 7.87 65.64Ultratech Cement 10.51 7.50 60.04ARVIND Fashion 17.66 7.09 35.58CCL Products 7.34 6.84 45.84CIPLA 16.93 6.66 36.68CYIENT 19.81 6.29 22.87as on Q4 FY20

TOP 10 COMPNAIES WHEREMUTUAL FUNDS INCREASED STAKECONSECUTIVELY FOR 5 QUARTERS

Company Dividend YoY Ch.(Rs. Cr.) (%)

TCS 27375.00 305.3ITC 12476.60 77.00Infosys 7451.5 0.00Coal India 7395.3 -8.8Hindustan Zinc 6971.3 -17.5ONGC 6200.2 -28.6HUL 5400.00 126.7Power Grid 5231.6 20.00Reliance Ind. 4120.4 7.00Indian Oil 4001.00 -54.00Top-10 86712.7 31.6Total 190880.0 6.5

TOPDIVIDEND

PAYERSFOR

FY-20


Financial Weekly

Market takes a breather around 200-SMA

“Our markets carried the previous week’s positivity on Monday as well and hence, theNifty started the proceedings with a decent upside gap, owing to favourable cues from theglobal bourses. However, the momentum disappeared all of a sudden from the market, which

resulted into a lacklustre movement throughout the remaining part of the day. It is hard tobelieve but the Nifty gyrated in a slender range of merely 160 points during the week. In themidst of all this, the Nifty concluded the week with moderate gains of one and half percent

gains.It’s been a stellar Bull run for our markets since the March lows and markets never looked

back to reach the crucial zone of ‘200-SMA’ on daily chart. The kind of lethargic activity we

witnessed in the week gone by was quite evident, because the market has seen a relentlessmove without any major halt in between and has reached such a crucial junction. Firstly, asmentioned the key moving average of 200-SMA on a daily chart. This coincides with the

Weekly 89-EMA as well as monthly 20-EMA and hence, the bulls had to respect them.Ideally, if the market has to correct, this is the perfect zone from where it can. In fact, in theprevious article, we had clearly advocated booking profits in the ongoing rally in the zone of

10700-11000 and we continue to do so at least for momentum traders. But by no means, weadvise going short on the market because the momentum in individual stocks is still strongand importantly, we are seeing a consensus opinion about the market correcting from cur-

rent levels. As we all know, when everyone expects a fall, it never comes and vice versa.So, in our sense, the Nifty would first surpass the 10850 mark and head towards the 78.6%retracement zone of the entire fall i.e. 11000-11200, where we can actually see some profit

booking taking place. If consensus view has to fail, this possibility cannot be ruled out.Any assumption needs a proper exit strategy if not worked as per the expectation. Hence,

in this scenario, the hypothesis remains valid as long as the crucial support of 10660-10560

remains intact. A breach of mentioned supports would certainly trigger a decent profit book-ing in the market and hence, keep a tab of all the mentioned possibilities and key levels. Itwould be important to highlight that the banking space holds a key in all this and hence, all

eyes would be on its heavyweight constituents as well.”

Mr. Sameet Chavan(Chief Analyst-Technical and Derivatives, Angel Broking)


Financial Weekly

Smart Education : Ankit Gala : [email protected]

Profit & Loss of a Company : Part 3Last week we had seen details of some of the components of Profit & Loss Account of a

company and again this week we shall see details of remaining components of Profit &Loss Account of a company.

Profit Before Exceptional Items and Tax -It is calculated by subtracting total expenses from total income, before taking into account ex-

ceptional items.Cont...



Financial Weekly

Exceptional Items -An exceptional item is an unusually large and uncommon transaction which is typically recorded

as a one-time charge or income and it is not expected to recur in the future.

Profit before Tax -Profit before tax (PBT) represents company's profits on which it has to pay corporate income tax.Profit before tax is obtained by deducting all the expenses excluding tax payable from the total

income of the company. Exceptional items if any are also deducted.

Tax -The Tax that a company has to pay includes Current Tax which is paid on taxable profits and the

Deferred Tax.

Net Profit -Net Profit or Profit after tax is obtained by deducting the tax amount from the Profit before tax. It

appears at the bottom end of the profit and loss account and hence is also known as bottom line ofthe company.

Basic & Diluted Earnings per Share -Earnings per Share (EPS) is one of the most frequently used financial ratio in fundamental

analysis. It includes Basic EPS and Diluted EPS. Basic EPS is calculated by dividing a company'snet income by its number of shares outstanding.

Basic EPS = Profit after Tax / Outstanding Number of SharesNow if a company has any convertible securities like outstanding convertible preference shares,

convertible debt, equity options (mainly employee-based options) and warrants then diluted EPSis calculated as shown below.

Diluted EPS = Profit after tax / (Outstanding Number of Shares + Convertible Securities)Next week we shall try to understand about Cash Flow Statement of a Company.To learn Fundamental Analysis you can read the book Fundamental Analysis of Shares by

Ankit Gala & Khushboo Gala. Book is available in English.

Financial WeeklyEvery Sunday Every Wednesday

English & Gujarati Edit ion Gujarati Edit ion


Financial Weekly

By Vijaya Kittu M, GetPaidIndia.comSMART IT

KWJ Webinar on Investing with Mutual FundsLearn Active Investing with MFs +

Passive Investing with ETF & Index Funds16 & 23 August 2020; 10 AM to 12:30 Noon

Fee: Rs. 1500/- (includes study material)To Register, WhatsApp to +91 98495 19188

The author feels that investors need to study sectoral trends from time to time. He is onWhatsApp at +91 98495 191881. GLOBAL IT consulting leaders have pointed out in recent reports that their deal momentum is

moving decently despite the stress in businessesand the global economy. This data pointhints that the pandemic impact on the IT sector will be less than what is feared.

2. Market estimates Tier-I IT companies to report 4% to 6% sequential decline in Q1 revenue. Incomparison, Tier-II companies would be hit by 4.5% to 8.1% on dollar terms. Cost optimizationdue to travel cut would offset revenue loss to a large extent.

3. TCS numbers can be said to be decent if the investor is keeping in mind the supply-demandconstraints in Q1. Quarterly profit is down 19%, but the management hints of a potential goodQ2 because customers have either restarted deferred projects or have taken up new transfor-mation projects. About 20% of the impact on the supply side. Strong Digital capabilities (suchas Cloud, digital workplaces, cybersecurity, etc.) are seen during the quarter. TCS remains tobe a market leader in the segment, and its location-independent model helps it not be thatmuch affected by the H1-B visa ban by the US Government. It acts as a benchmark for theIndian IT consulting services sector. Quarterly EPS is at Rs. 18.7. Being an IT leader, thecompany is of good quality and hence, almost always enjoys higher valuations.

4. INFOSYS Chairman Nandan Nilekani broadcasted on InfyTV said that cutting costs and auto-mation can help the company in this pandemic times. He said customers are looking at con-solidating and looking at working with fewer companies. Meanwhile, the company has broughtback 200 families on a chartered airplane from San Francisco to Bengaluru as the number ofCOVID cases in the US were on the rise.

5. COGNIZANT'S INDIA Chairman and MD Ramkumar Ramamoorthy resigned to pursue hispassion in a personal capacity. Ramkumar was with the company for 23 years and served indifferent roles. Separately, Pradeep Shilige, Head - Global Delivery too announced his resig-nation after a 24-year stint with the company.

6. WORK-FROM-HOME,to some or large extent, will become the new trend and cost-cuttingfactor for the IT sector. This will lead to around 30 to 50% lesser requirements for office space.Top 7 cities in the country have around 550 m sq ft of Grade A office space. TCS says 75% ofits about 4.5 Lakh employees will work from home by 2025. Infosys and HCL Tech are target-ing 1/3 and 1/2 workforce to be working from home.


Financial Weekly

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Financial Weekly

SMARTBUY OF THE WEEK

Dark Horse

Cont....

Recommended Dt. Stocks Recomm. High after GainPrice Recomm. (%)

18th May 20 SREE RAYALASEEMA 98.4 157.3 60%1st June 20 WPIL LTD 348.3 479.9 38%

Last week TERA SOFTWARE 25 36.5 46%Last week GSCL CEMENT 31.85 35 10%

Some successful recommendations ofSmart Buy of the Week (Smart Dark Horse)

Month of Latest High August 2017High price 296.8CMP 137Discount from high 54%

Particulars Year EndedFY20 FY19 % Var.

Sales 408.93 437.47 -6.52PBT 63.56 36.65 73.42PAT 40.35 23.16 74.22

Dark Horse-1

ANJANI PORTLAND CEMENT LTD (518091 & NSE)(137) (Face Value Rs.10) (NSE Symbol: APCL)

Anjani Cement is a popular brand in south India for itsquality and commitment to service. With its exemplarygrowth in production and services, Anjani Cement has cap-tured the market in Andhra Pradesh and competes with thenational players in the industry. Anjani has extended its reachto Tamil Nadu, Orissa and Karnataka and also made for-ays into the markets of Maharashtra, Kerala and Goa.

It has an equity base of Rs.25.29 crore that is supportedby reserves of around Rs.248.63 crore which is 9.83 timeshigher than equity. The Promoters hold 75% while the in-

vesting public holds 25% stake in the company.During FY20, its PAT zoomed 74.22% to Rs.40.35 crore as against Rs.23.16 crore on sales of Rs.408.93

crore fetching an EPS of Rs.15.96.Currently, the stock trades at a P/E of 8.6x. It paid 10% dividend for FY17, 20% dividend for

FY18, 25% dividend for FY19 and declares 50% dividend for FY20. Record date for gettingRs.5 dividend is 13th August 2020.

Investors can accumulate this stock with a stop loss of Rs.120. It may give very good returns inmedium to long term.


Financial Weekly

Month of Latest High May 2017High price 247CMP 29Discount from high 88%

Particulars Year End EndedFY20 FY19 Var.%

Sales 567.10 482.58 17.51Operating Pr. 166.29 152.60 8.97PBT 77.41 68.71 12.66TAX 32.10 15.89 102.01PAT 45.31 52.82 -14.22

Dark Horse-2

NAVKAR CORPORATION LTD(539332 & NSE) (29) (Face Value Rs.10)

On 11th May 2020, we had recommended this stockas DARK HORSE at Rs.23.90. After our recommenda-tion it zoomed to Rs.32.80 levels and recorded almost37% appreciation. Stock is looking highly attractive atCMP on technical and fundamental basis so we are againrecommending this stock.

Navkar Corporation Limited is CFS operator inIndia with three CFSs, Ajivali CFS I and Ajivali CFSII at Ajivali and Somathane CFS at Somathane,which are strategically located in Panvel,

Maharashtra with an aggregateinstalled capacity of 5,35,000TEUs per annum. Company ishaving ICD (Inland ContainerDeport) facility at Tumb(Umbergaon, Valsad, Gujarat)with an aggregate installed ca-pacity of 5,00,000 TEUs perannum. The Company has aPFT - Private Railway FreightTerminal (with 3 tracks) atSomathane and PFT (with 4 tracks) at Tumb. Company is having 940 plus trailers in itsequipment bank.

The Company's equity is Rs.150.52 crore while company has reserve of around Rs.1648.73crore. With a share book value of Rs.119.54, its P/BV ratio works out to just 0.24x.

Promoters hold 69.03%, Mutual Funds hold 7.67% (Nippon small cap fund hold6.34%), Ace investors Mukul Agarwal holds 1.59% and Kushal JayeshKhandwala holds 1.08% while investing public hold 20.63% stake in thecompany.

For FY20, Company posted PAT of Rs.45.31 crore. During FY20, its operating profit grew8.97% to Rs.166.29 crore, profit before tax grew 12.66% to Rs.77.41 crore. Its sales alsogrew 17.51% to Rs.567.10 crore during FY20. Company has recorded EPS of Rs.3.01.

At CMP, NCL trades at P/E ratio of just 9.65x and is available at 88% discount to its all-time highof Rs.247. Company has never reported loss in any quarter post its listing in September 2015.Company came with an IPO at Rs.155 per share in August 2015 and raised money again with QIPissue at Rs.183 per share in 2017. Investors can accumulate this stock with a stop loss ofRs.24. It may give very good returns in medium to long term.


Financial Weekly

Subramanian [email protected]

Stock Buzz

IRB Infrastructure Developers (Rs.121.00)Nice Highway!

IRB Infrastructure Developers Limited (IRB) - incorporated in 1998, is one of the largest private

roads and highways infrastructure developers in India. The company's portfolio of 23 projects com-

prises 20 BOT and three HAM projects. BOT segment includes seven operational projects; four

projects under tolling and construction, seven projects under O&M contracts as a Project Manager

for IRB InvIT and another two projects under construction. In HAM space, one project is under

construction and the appointed date is awaited from NHAI for the other two. The company has an

integrated business model with an in-house construction arm, which provides competitive advan-

tage in bidding for larger projects and captures the entire value from BOT assets. Our country has

one of largest road network across the world, spanning over a total of 5.89 million km. This road

network transports 65% per cent of all goods in the country and 90% of India's total passenger

traffic use these road network to commute around the country. Road transportation has gradually

increased over the years with the improvement in connectivity between cities, towns and villages

in the country. The government has set an ambitious target for construction of over 10,000 km

national highway in the next one year. Huge investments have been made in this sector with total

investment increasing more than three times from over Rs 520 billion in the last few years to over

Rs 1600 billion at present. The government aims to boost corporate investment in the roads and

shipping sector along with introducing business friendly strategies that balances profitability with

effective project execution. IRB MP Expressway is a special purpose vehicle and has recently

achieved financial closure for India's largest toll-operate-transfer Mumbai Pune expressway project.

The company has been managing the concession for the last 15 years and has won the contract

again for a further period of 10 years and two months. The total sub-concession fee amounts to a

whopping Rs 8,262 crore and out of this IRB Infra has paid to MSRDC an upfront fee of Rs 6,500

crore and the remaining balance would be paid in subsequent years. IRB posted Covid - 19 im-

pacted Q4FY20 financial results due to lockdown with revenue from operations falling 18% to Rs

1,584 crore and EBIDA declining 13% to Rs 654 crore as compared to the same quarter of the last

fiscal.Meanwhile, the consolidated net profit stood at Rs 154 crore on the back of lower tax cost.

Investors are advised to buy IRB at current market price and slowly on every decline followed by

broader market correction for double digit returns in years to come.



Financial Weekly

- Parag Salot (SEBI Registered Research Analyst)M. : 91-9930011789

Nifty Overview :- In Last Trading Session, Nifty closed at 10772. Everyone’s expecting correc-tion after a sharp bounce back but markets not holding back, instead moving up week on week. Now Niftyhas reach the highest point of resistance and the last resistance is 10900 to 11250. Nifty has to correct atthose levels. Nifty near support is at 10600 and far support is at 10200 levels. Any upside move will bringselling pressure on Nifty.

Bank Nifty Overview : In Last Trading Session, Bank Nifty closed at 22425. Bank Nifty is stillbit far from its ultimate resistance of 24900. If there has to be up move then Bank Nifty has to participate.Nifty support is at 21800/21200 and resistance at 24900.

Caution: It seems that there is going be tug of war between Bulls & Bears. Expect SwingTrades to happen every now and then. The Only Magic Mantra, although difficult is “Sell atrise and Buy in dips”.

Technical Trading Trends

Note: All calls are momentum calls based on technical analysis and all levels as per future prices (If scrip not availablein futures then BSE Cash price). All these calls are given based on daily charts but intra-day signals are equally importantto enter the trade in a timely manner. Timing is very important and we at shareinfoline.com give you timely calls based onintra-day charts. Read Disclaimer at ShareInfoline.com

Scrip Name BSE Code Buy / Enter at Did High/ RemarksSell Low

Adani Ent 512599 Buy 155 170 Target AchievedAsian Paints 500820 Buy 1694 1759 Target AchievedCummins 500480 Buy 411 439 Target AchievedZee 505537 Buy 171 183 Target AchievedChola Fin 504973 Sell 217 206 Target Achieved

Trading Results

Scrip Name BSE Last Enter at 1st 2nd StopCode Close Between Tgt. Tgt. Loss

Adani Ent 512599 159 150/155 165 180 145Canara Bank 104 90/95 105 115 80Century Tex 314 300/305 315 330 295Sun Pharma 494 480/485 495 510 475Tata Motors 500570 107 100/105 115 125 95Zee 505537 170 160/165 175 190 155

Trading Buy

Trading SellScrip Name BSE Last Enter at 1st 2nd Stop

Code Close Between Tgt. Tgt. Loss

Bajaj Auto 2895 3000/3050 2950 2850 3100

IGL 410 450/455 445 430 465

Tata Consumer 432 435/440 425 405 452


Financial Weekly

Smart Education - Yog JoshiTechnical Analysis

FromBasic to Advance

Dow Theory - Charles Henry DowFather of Technical Analysis

Hello Friends,Hope you all are doing well....!!!!In our last article we discussed about " Price is Supreme", I hope you all like that articleToday we are going to discuss very primary and most important topic of Technical Analysis and

which is known as a " Dow Theory"

Dow Theory is a basic and very impor-tant theory of the stock market which is acollection and summary of the so manyarticles written by Charles Dow in WallStreet Journal during Year 1900 - 1902

Charles Dow, who was the founder ofDow Jones and Company and the firsteditor of the Wall Street Journal. Thistheory is based on the many editorials he

had written between the years of 1900-1902. Following his death, William Hamilton continued thework.

In 1932, the writings of these two men were collectively published as the Dow Theory by RobertRhea.

Charles Dow believed that stock market is the barometer of the economy, if in your country yourstock market index is growing on MOM or YOY basis, its a sign of pink and healthy economy in thecountry

In other words, we already discussed in ourpast issue about the trend in the market, if yourstock market index is in Up Trend its sign thatcountry's economy is in good stage and oppo-site of this

if your stock market index are decline onMOM and YOY basis, its sign of weak economy


Financial Weekly

in the respective countryThis theory was written 100 years back but still market is following the basic of Dow TheoryTo discuss Dow Theory in single article is not possible, so we will continue this in next coming

issue also of this educational series

The summary of the Dow Theory is as below which is know as "The 6 tenets of Dow Theory"

1. The Market Discounts Everything

2. There Are Three Primary Kinds of Market Trends

3. Primary Trends Have Three Phases

4. Indices Must Confirm Each Other

5. Volume Must Confirm the Trend

6. Trends Persist Until a Clear Reversal Occurs

We will discuss each topic in very detail from next week.Hope you like and feel interesting this series which give a focus on the basic principles of Stock

Market.


Financial Weekly

TECHNICAL TALK Dhananjay Kadam

TECHNICAL ANALYST, M. 7588622374

Corrections Are Temporary, Growth Is Permanent

Cont...

* Market Mood Index at 77.19 shows extreme greed is the sentiment. Andthe activity in small and midcap stocks confirms the same.

* India Vix close @ 25.76. * USDINR = 75.20* WTI Crude 40.05 ; Brent Crude 42.80 ; Natural Gas 1.826 ; OPEC Basket 43.31* India's gold imports dived 86 per cent year-on-year in June because of record high prices and

as international air travel was banned. Physical gold sold at a premium in India this week for thefirst time this year, driven by plunging imports and a near halt in smuggling that offset the impact ofhigh unemployment and a rise in domestic prices across Asia that could deter buyers. Global spotprices breached the $1,800 an ounce threshold this week.

* FII & DII Activity 10/07/20'(Rs Cr) Prov Cash :FII: -1031DII: -431.21

KEI Ind (Last close Rs. 388.15) :KEI Industries is engaged in the business of manufacturing, sale and marketing of all range of

power cables up to 400kV - Low Tension (LT), High Tension (HT) and Extra High Voltage (EHV),etc., It caters to both retail and institutional segments.

52 weeks High / Low

614.70 / 208.30

Book Value: 168.34

Stock P/E: 13.53

Dividend Yield: 0.39 %

ROCE: 29.42 %

ROE: 26.30 %

Sales Growth (3Yrs): 22.04 %Technicals : Ascending Triangle pattern on daily chart. One can buy and hold for a price target

of Rs 444. Start trailing profit from Rs. 421.Stop-loss would be ? 370 on daily closing basis. Time frame is 14 days.


Financial Weekly

Granules India (Last close Rs. 234.15): Granules India Limited is a pharmaceutical company that manufactures finished dosages (FDs),

pharmaceutical formulation intermediates (PFIs) and active pharmaceutical ingredients (APIs).It is one of the global leader in Ibuprofen, Paracetamol, Metformin, Guaifenesin and

Methocarbamol. Their focused API portfolio has made it possible for them to emerge as one of themost efficient and cost-effective manufacturers, globally. They serve the needs of customers throughfour API facilities and one intermediate facility in Hyderabad and Vizag.

52 weeks High / Low

229.15 / 84.00

Book Value: 74.56

Stock P/E: 17.76


ROCE: 14.75 %

ROE: 16.71 %

Sales Growth (3Yrs): 18.86 %* Company has good consistent profit growth of 25.69% over 5 years.Technicals : Bullish flag breakout on daily chart. One can buy and hold for price targets of Rs.

280 - 294. Stop-loss would be Rs. 216 on daily closing basis. Time frame is 18 days.

# Sms Pharma (Last close Rs. 72.05)SMS Pharmaceuticals Limited is engaged in manufacturing and sale of bulk drugs and active

pharmaceutical ingredients (APIs), and their intermediates.It is a global player in API manufacturing having strong research and manufacturing team sup-

ported by state of art facillities. It's an integrated pharma company with presence in over 70 coun-tries.

52 weeks High / Low

74.60 / 23.55

Book Value: 43.38

Stock P/E: 18.59


ROCE: 15.96 %

ROE: 12.93 %

Sales Growth (3Yrs): -8.73 %Technicals : Bullish flag breakout on daily chart. One can buy and hold for a price target of Rs.

87. Stop-loss is 67 on daily closing basis. Time frame is 14 days.


Financial Weekly

Techno Fundasound stocks

Sachin Shah : (Mumbai)[email protected]

DIAMINES & CHEMICALS LTD (500120) (335) (FV 10)Diamines And Chemicals Limited (DACL) has been the pioneer and the only one in manufac-

turing of a range of Ethyleneamines (EAs) in India. DACL has evolved products manufactured 'firsttime' in India and also pioneered to 'develop' a market for the same. Over the years, the company

FY20 FY19Sales 69.30 Sales 47.32PAT 23.99 PAT 13.13Sales Growth 46.45% PAT Growth 82.71%

Technical Observations :Technical Observations: DACL is trading at 335, above 5, 10, 20, 50, 200 EMA and SMA on

daily charts. Stock can be added on dips with a target of 460 within 15 to 18 months.

Some of my successful past recommendationsRec. Date Co. Rec. High Change

Price after Rec. (%)18th Nov-19 NAVIN FLOURINE 909 1777 95.49%10th Feb-20 ALKYL AMINES 1455 2470 69.76%27th April-20 LAURUS LAB 495 603.85 21.99%15th June-20 DAAWAT 36 47.8 32.78%

has established its own pres-ence in the market and is suc-cessfully catering to the needsof Industries. The Companyhas focused its product mix onPiperazine / Piperazine Saltsas main product being used inPharmaceuticals, agrochemi-cal, lubricants, fuel additivesetc. In fact, DACL is the only in-digenous manufacture / sup-plier of Piperazine range in In-dia.



Financial Weekly

MAHINDRA EPC Irrigation Ltd(523754 & NSE) (182) (FV 10)

MEIL is one of the pioneering companies in India in the micro-irrigation space and one of themajor players in organized segment. It currently operates through a wide network of dealers andsells agriculture irrigation systems, landscape irrigation systems, industrial pipes, pumps and pro-tected cultivation solutions. The products from MEIL are known for their high quality and technol-ogy. MEIL has grown to become one of the top five companies in India in the micro-irrigation space.

FY20 FY19Sales 283.96 crore Sales 260.11 crorePAT 23.29 crore PAT 11.44 croreSales Growth 9.17% PAT Growth 103.58%

Technical Observations : Mahindra EPC is trading at 182, well above 5, 10, 20, 50, 200EMA and SMA on daily charts. Stock can be added on dips with a target of 220 within 15 to 18months.


Financial Weekly

Terrific Shots - Dilip K. Shah

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 financialinterest 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 / liablefor 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

Jubilant Life (Rs. 710.00) (Code: 530019)The company operates is engaged in pharmaceuticals, life science ingredients, drug discovery

solutions, and branded pharmaceuticals. Jubilant has presence in more than 100 countries and isranked as the sixth largest contract manufacturing company in the world. The A Group listed sharestouched a 52-week high of Rs. 729 and low of Rs. 230.The company's market cap is Rs. 11,314crore. Promoter holding is 50.68%. The company has reserves of Rs. 5588 crore, while equity isjust Rs. 15.93 crore. The company's performance has been mixed. In FY20, income increasedfrom Rs. 9111 crore to Rs. 9154 crore, while profit fell from Rs. 898 crore to Rs. 574 crore. Thecompany's performance is expected to improve going ahead. The stock has emerged as the favouriteof many brokers, and has risen sharply from the lows. FPIs hold 27.91% stake, whileRakeshJhunjhunwala holds 4.41%.

Galaxy Surfactants (Rs. 1,562.00) (Code: 540935)The shares of this B Group listed specialty chemicalscompany touched a 52-week high of Rs.

1,790 and low of Rs. 975. The company's market cap is Rs. 5538 crore. Promoter holding in thecompany is 70.93%. Mutual Funds hold 12.77% stake, and FIIs 3.25%. SBI Mutual Fund hold6.80% stake. The company makes surfactants andother specialty ingredients, which are used inpersonal care and home care products. The company hadissued shares at Rs. 1480 apiece inJanuary 2018. The shares had given good returns after listing, butthey have been trading in asmall range in weak market conditions. It has reported stable performancein FY2020. While salesfell from Rs. 1996 crore to Rs. 1793 crore, profit rose from Rs. 168 crore to Rs. 182 crore. It reportedEPS of Rs. 51.38 for the year. The stock has not corrected as much as the broader market.Lookingat the value-buying in chemical stocks, one can invest in this stock in tranches. The stock candeliver attractive returns in thelong term.

GHCL (Rs. 160.00) (Code: 500171)This B Group listed shares touched a 52-week high of Rs. 227 and low of Rs. 69. Market cap is

Rs. 1523 crore. Promoter holding in the company is 19.18%. GHCL has chemical, textile, and saltdivisions, and the chemical division especially has been showing strong growth. For financial year2019-20, its income fell from Rs. 3341 crore to Rs. 3305 crore, while profit increased from Rs. 351crore to Rs. 397 crore. Mutual funds such as DSP, UTI, and Franklin hold 16.72% stake in GHCL,while foreign investors hold 14.71% stake. The government has levied anti-dumping duty on cer-tain chemicals that GHCL also makes, which will help boost its margins. The stock is trading atvery cheap valuation compared with its peers, and can be considered for investment.

Shriram Transport Finance (Rs. 699.00) (Code: 511218)Shares of this NBFC touched a high of Rs. 1366 and low of Rs. 440 in the last 52 weeks. The

company has been refinancing old trucks for past four decades, and can benefit from the expectedrise in demand for used vehicles. The company's used commercial vehicles AUM grew by 8%,while AUM related to new commercial vehicles rose 15%. Its Capital Adequacy ratio is 22%. Itscollection is growing with the end of the lockdown. Almost half of its 1758 branches are in ruralareas, and this augurs well for it considering forecast of a good monsoon. Promoter holding in thecompany is 26.25%. Book value of the share is Rs. 794 which is more than the current price. ForFY 2019-20, it reported consolidated income of Rs. 4173 crore and profit of Rs. 223.38 crore.Analysts are bullish on the counter even though its Q4 net profit fell 70%.


Financial Weekly

Stock WaveSarvesh Ashok Trivedi

(Mumbai) (Mob) 09820728124www.chartsanketstock.com

Golden quote :-A Single sunbeam is enough to drive away many shadows

Disclosure : The Recommendations are based on technical analysis. There is a risk of loss in trading.

Important support for Index at 36050 andNifty Future at 10605

BSE Index (36594.33) :- It shows improve-ment from bottom of 32348.10. It shows overboughtposition on daily and weekly basis, while neutral onmonthly basis. On upward movement, beyond 36748it may go up to 36830, 37100, 37410 and 37720. Ondownward movement, below 36234 it may get sup-port at 36110 and 36050.

Bank Nifty Future (22425.00) :- It showsimprovement from bottom of 19435.80. It shows over-bought position on daily and weekly basis, whileoversold position on monthly basis. On upward move-ment, beyond 22820 it may go up to 23120, 23350 and 23550. On downward movement, it may getsupport at 22000.

Nifty Future (10772.50) :- It shows improvement from bottom of 9581.95. It shows over-bought position on daily and weekly basis, while neutral on monthly basis. On upward movement,beyond 10805 it may go up to 10845, 10885, 10980 and 11050. On downward movement, below10657 it may get support at 10605.

Axis Bank (439.60) :- It shows improvement from bottom of 332.85. It shows oversoldposition on daily and weekly basis. On upward movement, beyond 461 it may go up to 469 and486. On downward movement, below 437 it may get support at 433.

Century Textiles (315.50) :- It shows upward movement from bottom of 245.10. It showsoverbought to towards neutral position on daily and weekly basis, while oversold on monthly ba-sis. On upward movement, beyond 327 it may go up to 333 and 357. On downward movement, itmay get support at 308.

LIC (275.85) :- It shows upward movement from bottom of 219.20. It shows overbought toneutral position on daily and weekly basis, while oversold position on monthly basis. On upwardmovement, beyond 292 it may go up to 300 and 336. On downward movement, it may get supportat 271.

Reliance (1878.05) :- It shows onward movement from bottom of 1993. It shows over-bought position on daily, weekly and monthly basis. On downward movement, below 1815 it mayget support at 1790.

SBI (195.60) :- It shows improvement from bottom of 169.25. It shows overbought position ondaily and weekly basis, while oversold position on monthly basis. On upward movement, beyond212 it may go up to 226 and 237. On downward movement, it may get support at 188.

http://www.chartsanketstock.com


Financial Weekly

Expert’s EyeDilip [email protected]

Cont....

2nd positive week for July 2020amidst volatile trades

Four positive weeks in a rowThe week started with a gap up opening for the first session that ended in green. Thereafter,

following mixed global cues and fear of spreading COVID-19 pandemic in domestic regions kept atab on general sentiment. With volatile trades, the week finally ended on a green note and thus wewitnessed second positive week for July 2020 in a row. FIIs remain net buyers for most part of theweek. Market traded in a range bound manner with volatility as usual. In fact, this was the fourthpositive week in a row.

For the week, benchmarks moved in the range of 10847.85 - 10676.55 for NSE Nifty and 36828.43- 36234.17 for BSE Sensex.

The week ended with GAINs of 160.70 points for NSE Nifty and of 572.91 points for BSE Sensex.

On Monday, markets opened higher with a gap and traded in green zone for the session. Finallymarkets closed with sizeable gains. NSE scored 156.30 points to close at 10763.65 and BSESensex gained 465.86 points to end the day at 36487.28. Dilution for Indo-China border tension,good progress of monsoon and firm global trends helped our market to gain momentum. RelianceInd lead the rally with surge in IT, Oil and Gas and Metal counters and got support from select Midand Small cap counters. Market breadth remained marginally positive as Mid and Small cap indi-ces moved in line with benchmarks. FIIs and DIIs were the net buyers for the day.

During the week dividend announcement cameDynamic Ind (15%), Himatsingka Seide (10%),NBCC (13.5%), Praveg

Commu (15%), Suyog Telematics (5%), A Infra (2%), Best Agro (1%),SkyInd (5%), Arihant Capital (20%), HPL Elect (1.5%), Swelect Energy

(7.5%),TCS (500%), GNVFC (50%), IRCTC (25%), IRCON (103%) etc.

During the week PVR Ltd. announced rights issuein the ratio of 7 shares for every 94 shares held.



Financial Weekly

Nifty & Sensex Movement during the last weekNifty Open High Low Close Diff06-Jul-20 10723.85 10811.4 10695.1 10763.65 156.307-Jul-20 10802.85 10813.8 10689.7 10799.65 3608-Jul-20 10818.65 10847.85 10676.55 10705.75 -93.909-Jul-20 10755.55 10836.85 10733 10813.45 107.710-Jul-20 10764.1 10819.4 10713 10768.05 -45.4

Net Weekly Gains 160.7BSE Sensex Open High Low Close Diff06/07/2020 36,313.46 36,661.66 36,254.02 36,487.28 465.8607/07/2020 36,660.35 36,723.27 36,271.09 36,674.52 187.2408/07/2020 36,738.38 36,828.43 36,234.17 36,329.01 -345.5109/07/2020 36,450.69 36,806.30 36,422.30 36,737.69 408.6810/07/2020 36,555.13 36,748.89 36,401.11 36,594.33 -143.36

Net Weekly Gains 572.91

With positive openings on Tuesday, markets moved both ways and finally closed in green withminor gains. NSE Nifty rose b y36.00 points to end the day at 10799.65 and BSE Sensex scored187.24 points to close at 36674.52. Fund houses continuing their buying in select Banking and ITcounters helped indices to trade in green for the second session of the week. Metal, Oil and Gas aswell as Mid and Small cap counters marked selling spree on rise. Although Mid and Small capindices outperformed benchmarks, market breadth turned negative. FIIs were net buyers whileDIIs were net sellers for the day.

On Wednesday too we marked positive opening but profit booking at higher levels kept marketin red at the close. NSE Nifty lost 93.90 points to close at 10705.75 and BSE Sensex markeddeficit of 345.51 points to end the day at 36329.01. Profit booking in Reliance Ind and Banking,Auto, IT, Consumer Durables punctured last five days rally in benchmarks. Even Mid and Smallcap counters witnessed selling spree at every rise. However, selecting buying was witnessed inFMCG and Metal counters on positive reports for the sectors. Despite Mid and Small cap indicesoutperformed, market breadth remained negative for the second session in a row. FIIs and DIIswere the net sellers for the day.

On Thursday markets opened in green and managed to trade in positive terrain for the session.Finally markets closed with good gains. NSE Nifty scored 107.70 points to end the day at 10813.45and BSE Sensex gained 408.68 points to close at 36737.69. Fresh buying support in Banking,Metal, Pharma, IT and Auto counters helped market to score. Even Mid and Small cap countersCont....


Financial Weekly

participated in the rally. Market breadth remained marginally positive even when Mid and SmallCap indices underperformed the benchmarks. FIIs turned net buyers while DIIs remain net sellersfor the day.

With a gap down openings on Friday, markets moved both ways to finally close in red. NSENifty lost 45.40 points to close at 10768.05 and BSE Sensex marked deficit of 143.36 points to endthe day at 36594.33. Thus closing of benchmarks above the sentimental barriers of 10.75K and36.5K gave a sigh of relief. Thanks to surge of more than 3% in Reliance Industries that curtailedmarket slide and got support from select Pharma, Auto and FMCG counters. Banking and Oil andGas counters lead the doom for the day. Market breadth turned hugely negative as Mid Capunderperformed and small cap marginally outperformed the benchmarks. FIIs and DIIs were thenet sellers for the day.

Dollar moved in a range around Rs. 75.20 a Dollar. Brent Crude Oil hovered around 42.80$ abarrel. For the ensuing week we have more than 160 quarterly numbers announcements fromcorporate. Global cues and macro economic data will trigger market movements for the week.Progress of monsoon and more stimulus plans announcement will have a bearing on intermittenttrends. Thus volatile trades will be seen continuing.

Amidst such a scenario, benchmarks movement is likely in the range of 11000-10000 for NSENifty and 38500-35500 for BSE Sensex for the coming week.

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offerto buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely foreducational and information purposes only and under no circumstances should be used for making investmentdecisions. 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 heredoes so entirely at own risk. Above information is based on the details available as on the date along withmarket perceptions. Investors should bear in mind that any investments in stock markets are subject to unpre-dictable market related risks. (THE AUTHOUR IS SEBI REGISTERED RESEARCH ANALYST)

Financial WeeklyEvery Sunday Every Wednesday

English & Gujarati Edit ion Gujarati Edit ion


Financial Weekly

A. K. Asnani(M) 9893512098Smart Verc (Bhopal)Author of BookWay to Billionaire

Smart Steps to Portfolio Management - IIIn the first part we deliberated on picking a stock.Rest follows-Managing PortfolioPicking a stock is half the work done. Next is how many stocks to be included in portfolio and

how much allocation should be made for each stock in a portfolio. All the stocks should be welldiversified in terms of Size of companies, Business group, sectors, market capitalisation, demo-graphics, etc. Total of about minimum 15 stocks are enough to tackle the non-market risk. Investorscan only mitigate the non-market risk, the other part i.e. market risk cannot be reduced or removed.

The allocation of each stock in a portfolio should be such that if the stock gains it should make agood impact on total portfolio returns, while if it fails the impact should be minimal. For example,consider an xyz company which has excellently good long-term potential but being a smaller playerthere are chances of failure also. In such case introduce that stock with a weightage of about 4% inportfolio. If this company stock gains 5 times in 5 years then portfolio will gain by 17% but if it fallsby say 30% your portfolio will fall by only little more than 1%.

Over the years, I find that for an average risk profile investor the stock weightage should remainbetween 3% to 8%

Managing CashNo one can predict the market correctly, every time. Thus, selling some portion of portfolio in

anticipation of fall in market can result in big opportunity-loss if the market moves in opposite direc-tion.

Best strategy would be to remain 100% invested all the time. This relieves you from the job ofpredicting the market and also the urge to know the market levels several times in a day as you arenot sitting on cash pile to deploy.

Always look from a distance to the economy and your portfolio. At times it happens that you findthe high possibility of occurrence of a certain event. In such cases you can tinker with the individualstock weightages so that your total portfolio risk gets aligned in proportion to the possible outcome.

ConclusionAt all times your portfolio should be filled with best-of-the-best 15 stocks which comply with

above stated conditions. Stocks should be replaced only if you find the story is deteriorating or it isgetting overly discounted or you found a better story, i.e. replacing better with the best.

Be strictly rational in your decisions. Don't get lured by the market / stock movements.It is often better to wait for the major event to happen rather than act in anticipation. Market is

your friend; it gives ample chances to grab the opportunities.Don't be in hurry, have patience. Ultimately market transfers wealth from impatient investors to

patient one.


Financial Weekly

Scrip Watch - Siddharth Shah

National Peroxide (Rs. 2158.00) (Code : 500298)National Peroxide (NPL) is a pioneer in India for peroxygen chemicals and is the largest manu-

facturer of Hydrogen Peroxide in India.The company had planned capex in the range of Rs 200crore in FY18. The expansion aimed at doubling the current capacity of 95,000 TPA to 1,50,000TPA. Hydrogen Peroxide is a highly versatile chemical used in various industries for Bleaching,Chemical synthesis, Environmental control/ Effluent treatment, Sterilisation etc. The single mostimportant constituent of Hydrogen Peroxide is the “active oxygen” that it provides in the aforemen-tioned end-uses. Oxygen demand is high which benefits the company. In India, Hydrogen Perox-ide is manufactured to international standards by National Peroxide Limited, using the auto-oxida-tion process. The Company also produces the "Compressed Hydrogen Gas" and "Per Acetic Acid".Buy. The stock has seen sharp recovery after hitting 52-week low of Rs.821 in March. It is nowtrading at around Rs. 2150 level. Buy.

L&T Techno (Rs. 1412.00) (Code : 540115)The stock price has corrected by around 20% from its peaks since January. Brokerage Sharekhan

believes that this correction offers long-term investment opportunities, given the long runway for itsgrowth, driven by leadership depth, broad client portfolio, multi-domain expertise and anunderpenetrated ERD outsourcing market. The company has the potential to recover faster andhas been able to report strong growth among peers given its superior execution capabilities, statusas a preferred partner among top spenders and a promising deal pipeline once the situation settlesdown. The company continues to execute well on deal intake having signed 9 deals in the fourthquarter of FY20 with one deal of more than $30 million TCV and 3 deals with TCV between $10-20million with strong closures continuing into Q1FY21 with the company having signed one $30million and another $15 million TCV deal thus far in the quarter. Invest.

Shree Cement (Rs. 22279.00) (Code : 500387)Shree cement is one of the cement company which has one of the lowest production cost. It will

restrict any sharp fall in the margin in April-June quarter (Q1FY21), due to higher demand andprice hike. The cement industry has surprised positively on the demand and pricing fronts, withbetter-than-expected demand revival during May and June after a standstill in April, and meaning-ful price uptick across India. Analysts at Elara Capital believe these phenomena augur well forcement companies and are likely to restrict any sharp fall in margin in Q1FY21. The brokerage firmexpects industry fundamentals to improve further in H2FY21 after some moderation in the nearterm, due to the Monsoon. Buy on decline.

ICICI Bank (Rs. 360.00) (Code : 532174)Foreign brokerage Macquarie has maintained Outperformer call on ICICI Bank last week.

Macquarie is of the view that the bank's large capital raising will further strengthen its balancesheet, adding the move does not necessarily indicate asset-quality issues. The brokerage housefeels that the bank is better placed on NPL coverage ratios and larger retail loan book. Raising ofRs 15,000 crore will increase FY21/FY22 book values by 5.7/4.7 percent. It feels that CET-1 ratiois likely to improve by 200 bps to 15.4 percent. ICICI Bank has zero promoter pledge, with the bankeffectively using its capital to generate profit - RoCE has been improving in the last two years. Ithas a target of Rs 438 per share. Buy.

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. Authormay 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 alsois technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactionsundertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.


Financial Weekly

Market Tips - Het Zaveri

Nilkamal (Rs. 1209.00) (Code : 523385)Nilkamal is among the top players in moulded furniture and material handling business.Both of

these segments contribute nearly 90 per cent of the company’s topline. It has nearly 36 per centand 32 per cent market share in material handling and moulded furniture businesses respectively.Strong brand, diversified product offerings and improving reach puts the company in an advanta-geous position to leverage its strength and capitalize on the available opportunities in the plasticsindustry. Recently, Nilkamal has rolled out a wide range of exclusive products like Quick CovidBeds, TravelGUARD & VirusGUARD, taking the battle against COVID-19 to a new level. Thecompany has successfully supplied over 15000 hospital beds, mattresses and cabinets to emer-gency centers which were set up in a record time of 2 weeks. Indian plastics industry providesimmense growth potential in the coming years, given the low per capita consumption and numberof other reasons. The stock is trading at Rs.1200 plus. Buy.

Bandhan Bank (Rs. 378.00) (Code : 541153)Bandhan Bank share price gained last week after the private lender reported a deposit growth of

6 percent on a quarter-on-quarter basis to Rs 60,602 crore as on June 30. Year on year, depositsgrew by 35 percent. Total advances grew 3 percent QoQ and 18 percent YoY to Rs74,325 crore inJune, it said. The share of micro-banking deposits to total deposits stood at 5 percent on June 30against 5.7 percent on March 31. Subsequent to Unlock 1.0, collection in the micro-banking loanvertical had shown positive traction from June 1. For non-micro banking advances, collection effi-ciency for June stands at 84 percent (resulting in an effective moratorium of -16 percent). In FY20,total deposits rose 32 per cent to Rs 57,073 crore during the fiscal ended March 2020. The bankhad total deposits of Rs 43,232 crore as at end of March 2019. Invest.

Infosys (Rs. 781.00) (Code : 500209)Infosys’ Q1 results will be declared next week at around 3:45 p.m. on 15 July 2020. Corona

effect will be limited as most of the earnings come in the form of Dollar currency and weaker rupeewill benefit this IT company. Also, it will have no major effect of Trump Administration’s decisionregarding H-1B visa as Infosys has increased local hiring in the US. Meanwhile, Goldman Sachshas a 'buy' call on the stock with target raised to Rs 895 per share from Rs 756 earlier. The broker-age said that Infy will benefit from the acceleration of information systems' digitalisation. Watch outthe results and buy this stock.

First Source Solution (Rs. 43.00) (Code : 532809)FirstSource Solutions spurted last week after well-known investor Rakesh Jhunjhunwala in-

creased stake in the company to 2.88% during Q1 June 2020. In Q1 June 2020, Jhunjhunwalabought 57 lakh equity shares, or 0.82% stake, in FirstSource Solutions. Post purchase,Jhunjhunwala's shareholding in Firstsource Solutions increased to 2.88% from 2.06% held earlier.Firstsource Solutions is a provider of a range of business process management services acrossthe customer life cycle delivered through transaction processing. The firm's segments include bank-ing, financial services and insurance and non-banking, financial services and insurance. Its geo-graphic reach include USA and Canada, UK, India and overseas. Firstsource Solutions' consoli-dated net profit fell 6.8% to Rs 91.58 crore on a 10.7% increase in net sales to Rs 1,067.26 crore inQ4 March 2020 over Q4 March 2019. Buy.

Cont...


Financial Weekly

Ambuja Cement (Rs. 197.00) (Code : 500425)Ambuja Cement stock is up amid expectation that the company may restrict any sharp fall in the

margin in April-June quarter (Q1FY21), due to higher demand and price hike. The cement industryhas surprised positively on the demand and pricing fronts, with better-than-expected demand re-vival during May and June after a standstill in April, and meaningful price uptick across India.Analysts at Elara Capital believe these phenomena augur well for cement companies and arelikely to restrict any sharp fall in margin in Q1FY21. The brokerage firm expects industry funda-mentals to improve further in H2FY21 after some moderation in the near term, due to the Monsoon.Additionally, cost savings measures with captive coal block and new railway siding in Rajasthanwill be a boost. Healthy balance sheet (cash of Rs 90 billon CY21E) and debt free status addscomfort. Buy in phased manner.

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 ofhis 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 upor 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 & conceivedfrom 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 lossesmade by anybody.

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Financial Weekly

SMART TIPS Smita N. Zaveri

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 10th July, 2020 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

Manappuram Finance (Rs. 159.00) (Code: 531213)Shares of this A Group listed NBFC have face valueof Rs. 2. The shares touched a 52-week

high of Rs. 194 and low of Rs. 75. Promoter holding in the company is 35.05%. The companyprovides goldloans, and loans for housing and commercial vehicles. Quality of its gold loan seg-ment has improved.The company's market cap is Rs. 13392 crore. The Board has approved rais-ing of Rs. 300 crore through private placement of rated and redeemable non-convertible deben-tures. For Marchquarter, Manappuram's consolidated income was Rs. 1,618.15 crore as comparedwith Rs. 1103.52 crore last year, while profit increased to Rs. 398.20 crore from Rs. 258.34 crore ayear ago. Manappuram is seen benefiting from rising gold prices, which have shot up to Rs. 51,000per 10 gram. The stock can be seen near the 52-week high in the short to medium term.

NCC (Rs. 33.00) (Code: 500294)Shares of this A Group listed construction and engineering companyhave face value of Rs. 2.

The shares touched a 52-week high of Rs. 93 and low of Rs. 16. Promoterholding in the companyis 19.57%. The company has presence in building, housing, road, electric, water, environment,irrigation, and power. The company bagged orders worth Rs. 25,000 crore during the last year, totake its total order book to Rs. 33,000 crore. For March quarter, NCC reported income of Rs. 2334crore and profit of Rs. 75.82 crore. EBIDTA was Rs. 313.90 crore, while EPS was Rs. 1.25. AdityaBirla Sunlife acquired 40 lakh shares at an average price of Rs. 25.92 in June. The share is up25% in three sessions. The stock can be seen trading at Rs. 55-65 in two to three quarters, andcrossing the 52-week high price in the long term.

Mirza International (Rs. 50.00) (Code: 526642)Shares of this B Group listed footwear company haveface value of Rs. 2. The shares touched a

52-week high of Rs. 71 and low of Rs. 27. The company has manufacturing unit at Kanpur. It hasforayed into women's footwear segment recently. The company sells its products under its ownbrand,and also does job-work for noted overseas brands. Promoter holding in the company is 70.42%.The company has a market cap of Rs. 622 crore, while the shares have book value of Rs. 50.84.For December quarter, its consolidated income rose 29.51% to Rs. 397.73 crore, while profit shotup 186% to Rs. 21.42 crore. EBIDTA surged 98.23% to Rs. 59.29 crore. It has declared 45% divi-dend. The stock is trading at a PE multiple of 12, and is attractively valued.

NOCIL (Rs. 101.00) (Code: 500730)Shares of this A Group listed company touched a 52-week highof Rs. 127 and low of Rs. 44.

Promoter holding in the specialty chemicals company is 33.73%. Opportunities are growing forthecompany in US and Russia. However, slowdown in India and China are worrying. The capex ofRs. 150-180 billion of domestic tyremanufacturers, and global capex of $10 billion provide long-term growthopportunities. Demand for chemicals in rubber industry is expected to go up. NOCILhad paid 25% dividend last year. The dividend yield works out at 2.43%. For March quarter, itreported consolidated income of Rs. 212.66 crore and profit of Rs. 21.87 crore. The governmenthas levied anti-dumping duty on certain chemicals imported from China. Supply disruptions arealso expected due to tensions between India and China, which is seen as beneficial to domesticchemical manufacturers.


Financial Weekly

Smart super duper - Het Zaveri

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. Authormay 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 alsois technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactionsundertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.

Granules India (Rs.234.00) (Code:532482)The company is the biggest manufacturer of paracetamol and the government has lifted the ban

on export of this product, which may benefit the company. The stock has given multi-bagger returnin last 5-7 years. Hyderabad-based small cap pharma company is active in API, PFI and Finisheddosage segments and exports the same in 60 countries. The promoters hold 42.90 % and publichold 57.10 % stock in the company. In the March quarter, the company's income decreased fromRs613 crore to Rs600 crore, while profit increased from Rs.64 crore to Rs.90 crore. It paid 30%interim dividend for 2016, 90% dividend for 2017, 50% interim and 25% final dividend in 2018, 100dividend in 2019 and 75% interim dividend for 2020. It has reserves of more than Rs.1818 crore.The stock has been trading in a range for quite some time but now it has come at all time high level.It may cross Rs.300 level in near future.

Indian Hotel Co Ltd (Rs.81.00) (Code:500850)It is promoted by Tata Group. It owns more than 100 hotels on 62 locations in India and 15 hotels

in Maldives, Malaysia, UK, USA, Bhutan, Sri Lanka, Africa and Middle East. The tourism sector iswitnessing growth due to proper promotion by the government of India. As against equity of Rs118.93crore, the company has reserves of Rs4238 crore. In March quarter, the company's income de-creased from Rs.1244 crore to Rs.1063 crore, while profit increased from Rs.287 crore to Rs.354crore. The company paid 35% dividend for 2017, 40% dividend for 2018, 50% dividend for 2019and 50% dividend for 2020. Though it has been affected by CORONA pandemic, the company'sbottom line is improving. It can be considered for investment as it has come down much in terms ofprice.

Sobha Ltd (Rs.236.00) (Code:532784)The company having activities mainly in South India was considered as Infosys of real estate

sector due to highly professional management and corporate governance. As the investors havebecome very selective in the real estate sector, the company is enjoying very high position ininvestment list of the investors. In FY2020, the company's income increased from Rs.3442 crore toRs.3754 crore, while profit decreased from Rs.297 crore to Rs.282 crore. It paid 20% dividend in2016, 25% in 2017, 70% dividend in 2018, in 2019 and in 2020. Housing for All scheme of thegovernment may help the company to achieve higher growth. It may give good return in long term.The dividend yield is high. It has corrected more than it should have been due to the phase in thesector, so it is good opportunity to invest in the stock.

Laurus Labs (Rs.597.00) (Code:540222)The promoters hold 32.13% and public hold 67.87% stake in the company. As against equity of

Rs.107 crore, the company has reserves of Rs.1658 crore. It is active in API segment and for quitesome time it has been witnessing strong financial results. The company's product portfolio is strongand it boasts of considerable market share. In March quarter, the company's income increasedfrom Rs.635.16 crore to Rs.839.14 crore and profit increased from Rs.43.18 crore to Rs.110.15crore. The API theme is witnessing fancy due to CORONA virus. The company has shifted itself toA group recently. The stock can be considered for investment at current price.


Financial Weekly

Diwan-E-Khas A.J. Diwan (Mumbai)E-mail : [email protected]

DIRECT ON SHARESShare market has discounted corona as if some medicine is found. Stock markets after

volatile sessions are moving up. It is believed that till Sensex is not breaking 36,500 onclosing basis, bulls should not worry. Nifty has support at 10,700 & 10,650. Nifty resistance

level is at 10,890. Bank Nifty has resistance at 23,250. In bank stock at this time ICICI looksbest. The stop-loss is Rs355. If able to cross and close above 385, bank may witness gooddays. Bank is also raising Rs15,000 Cr. After ICICI, we feel like to talk in SBI. SBI has

support at Rs187 and on higher side 205/207 is possible. Now PNB also wants to raise fund.Who will risk hard earned money under present controversy? AXIS has future store in andYES has no future. The promoters became healthy and Bank weak. If I close my eyes and

ask which share to buy? The answer is Reliance. On last Thursday share price went down toRs1790. This is stop-loss for buying shares on every decline. If 1850 is taken away, we maysee 1885 level.

Vedanta : In market, strong rumor is buy back price may be above Rs140. On such good

news, share failed to close above Rs114. Buy above Rs114.50 and keep stop-loss at Rs113.As expected, REC has come down to Rs105 level from Rs111. Market experts expect priceof Rs103.

DLF : Around Rs150/51 good short with stop-loss at Rs152. The expected price is Rs142/143.

MAHINDRA & MAINDRA: Buy around Rs552 or so with stop-loss at Rs549. The share is

facing resistance around Rs565.

TATAT MOTORS : Sale around Rs109 with stop-loss at Rs111. Rs99/100 is target.



Financial Weekly

Investment Ideas telegram.me/rupeegains7

Cont....

Recommended Dt. Stocks Recomm. High after GainPrice Recomm. (%)

27th April 20 SMS Pharma 36 74.6 107%18th May 20 Laurus Labs 437.25 603.85 38%1st June 20 Alufluoride 98 138 41%

Kanchi Karpooram 211 339 61%29th June 20 GAEL 135 159 18%

HUDCO 27.9 38.9 39%6th July 20 DENORA INDIA 211 239 13%

ASM TECHNO 67 75 12%GPT INFRA 26.55 29.3 10%

Some of our successful recommendations

NIFTYFor next week NIFTY has strong support around 10675 levels. Break will take it to 10630---

10560 levels. On the upper side NIFTY will face strong hurdle at 10850 levels, cross over withvolume and close above will create short covering at take NIFTY up to 11000-11035 levels…

BANK NIFTYFor next week BANK NIFTY has strong support around 22040 levels. Break will take it to 21770

levels. On the upper side BANK NIFTY will face strong hurdle at 22675 levels, cross over withvolume and close above will create short covering at take BANK NIFTY up to 22835---23000---23200 levels…

INVESTMENT IDEAS…LINC PEN & PLASTICS LTD

(531241 & NSE) (178.7) (Face Value Rs.10)Linc Pen and Plastics Ltd. is one of India's most trusted writing instrument manufacturers with a

national and international presence in over 50 countries. Company boasts of a strong and exten-sive network in South East Asia, Middle East, USA, UK, Europe, South America, Africa, Russiaand CIS countries. The organisation constantly endeavours to bring out new and innovative prod-ucts and packaging and has an extensive and diverse range of products catering an assortment ofball pens, gel pens, retractable ball pens and stationery. Linc Pen & Plastics Ltd. is the exclu-sive importer and distributor of world famous brand Uni-ball, Mitsubishi Pencil Co. Japan.

It has an equity base of just Rs.14.87 crore that is supported by reserves of aroundRs.122.10 crore which is 8 times higher than equity.


Financial Weekly

The Promoters hold 59.88% while the investing public holds 40.12% stake in the company.Promoters have increased their stake by 0.38% during October 2019 to March 2020. MitsubishiPencil Co. Japan holds 13.45% stake in LINCPEN.

Company has posted robust numbers for Q4FY20 & FY20. During Q4FY20, its PAT grew678.13% to Rs.4.98 crore as against Rs.0.64 crore on sales of Rs.100.98 crore fetching an EPS ofRs.3.35. During FY20, its PAT zoomed 253.21% to Rs.19.25 crore as against Rs.5.15 crore onhigher sales of Rs.399.96 crore fetching an EPS of Rs.12.94. Currently, the stock trades at a P/E of13.85x. It declares 15% dividend for FY20. Its recent high rate was Rs.532.5 which was formed inJanuary 2018. Stock almost corrected 66% from recent high.

To avoid cheap imitation, company has gone for exclusive Korean Technology and introducedPENTONIC brand of ball pen priced at Rs.10. PENTONIC has become most famous and largestselling pen brand in India. Despite higher advertise spend, profit margins have expanded asPENTONIC has highest EBIDTA margin. PENTONIC has become most famous brand in its cat-egory. Company is also doing aggressive brand building activity. Now company has been spend-ing 2.5% of sales on advertising Vs 0.5% earlier. Everyone, whose financial advisor is allowing totrade in this stock for medium to long term can watch with stop loss of 160.

PIONEER EMBROIDERIES LTD(514300 & NSE) (23.5) (Face Value Rs.10)

Incorporated in 1991, Mumbai based Pioneer Embroideries Limited manufactures and sellsembroideries, torchon/bobbin laces, raschel laces, and other garment accessories primarily in In-dia. Its products include apparels, dope dyed polyester yarns, elastics, embroidered fabrics andlaces, fancy laces, flat bed knitted laces, motifs/collars/necks, and torchon/bobbin laces. The com-pany is also involved in the retail of embroidered clothing under the Hakoba brand name. PioneerEmbroideries Limited also exports its products to North America, Latin America, Europe, the MiddleEast, and Africa.

During FY20, it posted 107.32% higher PAT of Rs.8.21 crore on sales of Rs.238.37 crore fetch-ing an EPS of Rs.3.29. Currently, the stock trades at a P/E of 7x. Everyone, whose financial advi-sor is allowing to trade in this stock for short term can watch with stop loss of 20.

Disclosures: At the time of writing this article, author, his clients & dependent family membersmay have positions in the stocks mentioned above. The author, his firm, his clients or any of hisdependent 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 ordown as the case may be.

Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & au-thenticated sources believed to be true & correct, and also is technical analysis based on & con-ceived from charts. Investors should take their own decisions. We assume no responsibility for anytransactions undertaken by them. The author won't be liable or responsible for any legal or finan-cial losses made by anybody.


Financial Weekly

Cont...

Primary Market - Dilip K. Shah

Primary Market witnesses strong movementdue to bullish trend in Indian sharemarkets in June-July

Mainboard IPOs, NFOs, Rights Issues, ETF and NCDs issues queue up in this week

Rossari Biotech's Mainboard Issue with price band ofRs 423 to Rs 425 will open on July 13

Yes Bank's Rs.1500 crore FPO will open with floor price of Rs.12Bharat Bond ETF will enter the market on July 14 to raise Rs.3000 crore to Rs.14000 croreMuthoot Fin Corp's NCDs issue gets robust response so will close on July 13How much subscription will Rossari Biotech's IPO get and when and how listing will be?Ksolve's NSE SME IPO gets listed with nominal premium but witnessed spurt afterwardsBonlon Ind's BSE SME IPO with fixed price of Rs.28 will get listed on July 13

Central Government to raise Rs.20,000 crore through stake sell in Coal India and IDBI BankChina-backed Hyderabad based Gland Pharma approaches SEBI to raise Rs.5000 crore

Are Yes Bank's FPO, A.B.Fashion's Rights issueand Bharat Bond ETF worth subscription?

The Indian sharemarket's forward movement is continue despite CORONA pandemic,lock down and poor results in March 2020 quarter. Indian indices - Sensex and Nifty - havewitnessed spurt of around 20% in last three months, of which 9 to 10% spurt has beenwitnessed in June only. As the rally has continued in July, Nifty has crossed 10,800 andSensex has crossed 36,800 level.

The bullish trend in the secondary market has provided a lease of life to the primarymarket as a result of which mainboard issues, NCDs, ETF and FPO issues have queued upin the market.

Insight into the last week issues:-SME Issues:-Ksolves listing :- The issue with fixed price of Rs.100 got listed at Rs.101.15 on July

6 and then went up to Rs.106.90 and down to Rs.101.95 before closing at Rs.106.90. Itcrossed Rs.108 level on Friday.

Bonlon Industries :- Rs.10.52 crore IPO opened on June 30 and closed on July 3 with1.36 times subscription. It will get listed on July 13.

NCDs issues:-Muthoot Finance :- The issue with base price of Rs.100 crore opened on June 29 and

has got more than two times subscription. So it may close on July 13 ahead of its scheduledclosing date of July 17.


Financial Weekly

yk MkÃíkknLkk Main - line IPO Ãkh yuf Lksh (Non SME)Sr Company Issue Open Dt. Issue size Offer price Min. Rs. 1,00,00 Rs. 2,00,000 Listing Lead Rating Remark

Issue Close Dt. (Rs. Cr.) (Rs.) App. Limit Limit Manager (Out of 50)

1 Rossari 13-7-2020 Fresh Issue 11,76,470 423 to 425 35 Shares 210 Shares 455 Shares BSE Axis Bank

Biotech 15-7-2020 (Rs. : 50 Cr.) + (Rs. 14,875) (Rs. 89250) (Rs. 1,93,375) NSE ICICI Sec.

(Book Building) OFS : 1,05,00,000 Eq.Total Size : Rs. 496.49 Cr.

38%Expensive(Apply forlong term)

Cont...

Subscription figure ofMuthoot Fincorp.

Category No. of Bond IssueOffered/ SubscribedReserved 10-7-2020

Cat. 1 QIB 50,000 0.00xCat. 2 NII 2,50,000 2.95xCat. 3 HNI 7,00,000 1.88xTotal 10,00,000 2.06x

Listing Information ofKSOLVES NSE SME IPO

NSE Symobol KSOLVESListing Date 6-7-2020Offer Price Rs. 100.00Listing Price Rs. 101.95Listing Day High Rs. 106.90Listing Day Low Rs. 101.95Listing Day Close Rs. 106.90CMP (10-7-20) Rs. 108.00

Shares Amt.35 14,87570 29,750105 44,625140 59,500175 74,375210 89,250

Rossari BiotechMain Line IPO

Lot size & Price for RetailShares Amt.245 1,04,125280 1,19,000315 1,33,875350 1,48,750385 1,63,625420 1,78,500455 1,93,375

This week's Issues:-Rossari Biotech Mainboard Issue :- The primary market willwitness some move-

ment the next week. Mumbai-based specialty chemical company will raise Rs.493.49 croreby offering the shares with face value of Rs.2 at price of Rs.423 to Rs.425. The issue will

open on July 13 and close on July 15. It will get listed on BSE andNSE.

When the face value of Rs.2 is converted in Rs.10, the pricegoes up to Rs2115 to Rs.2125. The P/BV is 7.52 and P/E is 34. Sothe valuation is costlier. However, considering the fancy in chemi-cal sector it can given good return in long term.

In the anchor book, institutional investors from India and abroadhave invested Rs.149 crore. The shares have been allotted to SBIMF, ICICI Prud.MF, HDFC MF, White Oak, Malabar, GoldmanSachs and HSBC Life. More details are given in separate box.

Subscription :- It may get 8 to 10times subscription in retail segment,while it may go up many times in HNIand QIB.

Allotment : July 20, 2020.Refund :- Fund will be unlocked on

July 21 and shares will be depositedon July 22.

IPOs Offer Price Premium Kostak Price Subject toName (Rs.) (Rs.) *Min. Appl. SaudaRossari 423 to 425 145 to 150 500 to 525 3200ABF (RE) 55 17.85

(H : 23)Yes Bank -- 0.50 to 0.75 500(FPO) (Rs. 2 Lakh Application price Rs. 3000)

Don't subscribe IPO only on the basis of Grey premium.Check the fundamentals of IPO Before Investing

Grey Markets Premium


Financial Weekly

Subscription Figures of SME IPO (Dt. 19-6-20)

IPO Listing Day SubscribedBonlon Industries BSE SME Issue Closed on 3-7-2020 1.36x

Listing on 13th July, Monday at BSE SME Platform

Tentative Timetable for Various IPOsRossari Yes BankBiotech (FPO)

Issue Closes 15-7-2020 17-7-2020Finalisation of Basis of Allotment 20-7-2020 22-7-2020Refund / Unblocking of Fund from ASBA 21-7-2020 23-7-2020Credit of Equity Shares to Demat A/c. 22-7-2020 24-7-2020Listing on BSE / NSE 23-7-2020 27-7-2020

Sr Company Issue Open Bond size F.Value Min. Listing Rating Recomm.Issue Close (Rs. Cr.) (Rs.) App.29-6-2020 Base Size of Rs.100 Cr. 1,000/- 10 NCDs BSE Apply

1. Muthoot to with an option to Retain (Rs.10,000) CRISIL A/Stable forFincorp. 17-7-2020 Oversubscription up to Lead manager : BWR A+/Stable Long Term

Rs. 60 Cr. Vivro Financial ServicesAggregating Rs. 160 Cr.

Non Convertible Debenture (NCD) Issues at a Glance

Yes Bank's Rs.1500 crore FPOwill open with floor price of Rs.12

Private sector bank's FPO will enter the market on July 15 to raise Rs.15,000 crore.Shares worth Rs.200 crore have been reserved for employees. The floor price is Rs.12and cap price is Rs.13. Anchor investor bidding will be on July 14. In this issue 50% isreserved for QIB, 15% for HNI and 35% for retail.

As per the reports, SBI is likely to invest Rs.1760 crore to retain its 48% stake. Theanchor investors will invest Rs.4500 crore. American asset manager Tildon Park, LIC,HDFC AMC and HDFC Standard Life, ICICI Life Insurance, Max Live Insuarnace, ICICIPrudential are likely to invest in the issue.

Allotment will be on July 20, fund unblock on July 23 and share deposit will be on July24. Listing will be on BSE and NSE on July 27. Despite crash in share price, it offers50% discount.

Sr Company Issue Open Dt. Issue size Offer price Market Listing Lead Manager Recomm.Issue Close Dt. (Rs. Cr.) (Rs.) Lot

1 Yes Bank 15-7-2020 11,55,12,82,051 12 to 13 1000 Shares BSE Axis Bank, BoA Merrill Lynch, ApplyLtd. to Eq. Shares (F.V. 2) (Rs. 13000) NSE Citigroup Global, HSBC, Kotak, for(FPO) 17-7-2020 (Rs. 14,984.62Cr.) SBI Capital, Yes Bank Ltd. Long Term

* Rs. 1 Discount for Employee

yk MkóknLkk FPO Ãkh yuf Lksh

Listing :- It may get listed on July 23around Rs.525 to Rs550.

PSU Disinvestment :- The gov-ernment is planning to raise Rs.20000crore by stake sell in Coal India and IDBIBank. If Coal India's valuation doesn'tremain attractive, the government will buyback shares.

Gland Pharma :- China-backedinjectable drugs manufacturer GlandPharma is planning to raise Rs.5000crore to Rs.6000 crore from the market. It will be the first company's whose patent is withChina's Fosun Pharma. The merchant bankers are City, Kotak capital, Nomura and HaitongSec.


Financial Weekly

Aditya Birla Fashion and Retail (ABFRL)Right Entitlement

Right Issue Opened 8-7-2020

Right Issue Closed 22-7-2020

Partly Paid Equity Shares 9,04,65,693 Eq. Shares

Rs. 995 Cr.

Offer Price Rs. 110

Investors will have pay by July 22, 50% (Rs. 55 Per Share)

Remaining Amount will be paid

On January 2021 25 % (Rs. 27.5 Per Share)

On July 2021 25% on July 2021

Price Movement on 10-7-2020

Open : 23.00 ; High : 24.95 ; Low : 17.95 ; Closed : 19.10

Recommendation : Value Bet

Aditya Birla Fashion Right IssueAditya Birla Fashion Rights Issue:- The biggest apparel company of

India is coming up with Rs.995 crore Rights Issue on July 8 offering9.05 crore equity shares. The first 50% will be paid at time of applica-tion and remaining 50% in two installments in January 2021 and July2021.

Recommendation :- The stock has crumbled by more than 56%from 52 week high and is now trading around Rs.121. It has brands likeLouis Phillipe, Van Hussen, Park England and Pantaloons in its port-folio. It will reduce debt by 25% and will also cut the cost. It may reportEBITDA of Rs.600 crore in FY2020. It will be a beautiful gift for theinvestors.


Financial Weekly

Bharat Bond ETF: Second tranche : April 2025 & April 2031Issue Opens on July 14 & Closes on July 17

Offer 2 Variants 5 Year (Mature in April 2025)10 Year (Mature on April 2031)

Bharat Bond FoF : April 2025 Income over the target maturity pointBharat Bond FoF : April 2031 Income over theIndex Yield : 2025 5.49% Indicative Yield on 9 July 2020Index Yield : 2031 6.64% Indicative Yield on 9 July 2020Fund Raise Between Rs. 3000 Cr. to 14000 Cr.Retail Investment in the 2025 Bond Minimum Rs. 1001 and in Multiple of Rs. 1 thereafter

Maximum amount of Rs. 2,00,000Fund Manager Fund Manager Mr. Dhawal Dalal (Managing the Scheme Since Inception)Co-Fund Manager: Mr. Gautam Kaul (Managing the Scheme Since Inception)Name of the Trustee Edelweiss Trusteeship Company LimitedIssuers (April 2025) PFC, REC, Power Grid, National Housing, Indian Oil,

National Bank for Agricluture, HPCL, NHPC,Export - Import Bank of India, Indian Railway Finance,NTPC, Nuclear Power Corporation

Issuers (April 2031) PFC, REC, Power Grid, NHAI, Nuclear Power,Indian Railway Finance, HUDCO, NHPC

Bharat Bond ETF will enter the market onJuly 14 to raise Rs.3000 crore to Rs.14000 crore

Bharat Bond ETF :- Bharat Bond Exchange Traded Fund Tranche-2 isopening on July 14. It will be of two maturity period. The issue with 10 yearsmaturity period will mature in April 2031 and five year period will mature inApril 2025. The bond will raise fund between Rs.3000 crore to Rs.14000crore, which will be invested in public sector companies with AAA rating likePFC, REC, Power Grid in limit of 15%.

Total 25% shares are reserved for retail investors, while rest will go toQIB. The minimum application for 2025 bonds will be Rs.1001 and then afterin multiple of 1 with maximum investment of Rs.2 lakh.


Financial Weekly

Grey Market MovementGrey Market unlocked with

New mainboard issue in the primary marketRossari Biotech premium, interest rates and

subject to counters witness movementABFRL RE share prices crumbled after

witnessing premiums of 40%Yes Bank FPO interest rates counter

witnessed huge movementSudden jump in Rossari Bio IPOs Premium at Saturday evening

The grey market has swung into movement after almost four months with RossariBiotech mainboard IPO.

Rossari BiotechThe premiums touched Rs.45 on July 6, while interest deals took place around Rs.400.

However, on July 7, the premiums went up to Rs.95/100 and interest on minimum appli-cation went up to Rs.400, while subject to deals started at Rs.1400/1500. On July 8,interest remained stable at Rs.400 but premiums touched Rs.130 and subject to Rateswent up to Rs.2700. Currently, the interest is stable at Rs.400, but premiums havecrumbled to Rs.113/116 and subject to rates have got up to Rs.3300/3500.

AB Fashion Rights IssueIt has witnessed a huge volatility. The deals have started on Right Entitlement plat-

form from July 8 at price of Rs.110 and also witnessed premiums of 40%. The RE value,which is difference between Intrinsic Value and Share Price, was Rs.23, which went upto Rs.32 and low to Rs.15. On Friday, the RE price was Rs.17.85.

Yes BankThe minimum application interest rates are Rs.900 and the interest for Rs.2 lakh

application is Rs.2700.As per the grey market sources during the Saturday evening there was a big jump in the

premium, Kostak & Subject to price of Rossari Biotech IPO. Kostak prices of Yes Bank IPOalso up from Rs. 2700 to 3000 for Rs. 2 Lakh application. Thoush kostak prices of Minimumapplication crashed from Rs. 900 to Rs. 500


Financial Weekly

Otherside of Coin" The averages cost of equity shares to the promoters is Rs. 4.16 & Rs. 4.17 and offer priced is Rs. 423 to 425" Face value of Equity shares is Rs. 2 hence if it is converted in face value of Rs. 10 then offer price will be Rs. 2115

to 2125 per shares." It has issued bonus shares in the ratio of 6:5 in December 2015" Top-5 Customers constituted 43.95% revenue." Companies do not have any long term agreement with customers." Its high working capital & labor intensive and hazardous segment." Company will not receive any proceeds from the offer for sale" RONW & ROCE has gone down in FY20

Recommendation : At current offer price considering P/BV of 7.52 & PE of 33.75 issue appearsoverpriced. However looking to the steady & Strong financial performance, asset high model, huge ex-pansion (i.e. 2.5x by FY21), diversification in New segment, leading in textile chemicals, wide customerbase including MNCs, booster dose from government with incentive in export, its future looks bright,investors may apply for Long term.

Rossari Biotech Main Line IPOIssue Opens on 13th July & Closes on 15th JulyPrice Band Rs. 423 to 245 ; Listing on BSE / NSE

At Current offer price considering high P/BV & PE, issue appears overpricedLooking to the strong fundamentals, Asset light model,

diversification, huge expansionWide client base, Government trust, outlook seems bright

Investors may apply for long term in this IPOIncorporated in 2009, Rossari Biotech Ltd is a manufacturer of textiles specialty chemicals. It provides

customized solutions to the apparel, animal & poultry feed, and FMCG industries by offering a diversifiedproduct portfolio. Rossari Biotech operates in 18 countries including India, Bangladesh, Vietnam, andMauritius. As per the F&S Report published on 30th Sept 2019, it is the largest textile specialty chemicalmanufacturer in India. The business of the company can be classified into three main categories which aretextile specialty chemicals; animal health & nutrition products; and home, personal care & performancechemicals. The company has 1,948 different products range under these three categories. Most of theproducts of the company are manufactured in-house. Rossari Biotech also has two R&D facilities in Silvassaand Mumbai locations to focus on new product development, formulations, and cost competitiveness. It hasmore than 194 distributors across India and 27 distributors spread in other 17 countries.

Particulars (Rs. Cr.) FY 18 FY-19 FY-20Total Revenue 300.43 517.12 603.82Profit After Tax 25.40 45.68 65.23EPS 5.25 9.44 13.42RONW (%) 34.08 43.32 31.79

Financial Performance Consolidated BasisIssue Details• Issue Opens on 13th July & Closes on 15th July, 2020• Object of the issue : Re/Pre Payment of certain indebt-

edness availed by the Company, Working CapitalRequirment

• Issue Size : 1,16,76,470 Equity Shares (Fresh Equity :11,76,470 = Rs. 50 Cr.) • OFS : 1,05,00,000 Eq. Shares

• Face Value Rs. 2, Total Rs. 493.91 to 496.49 Cr. . • Offer price Rs. 423 to 425 Per Share• Minimum Lot : 35 Shares Shares • Listing : BSE NSE Platform• BRLM’s : Axis Bank, ICICI Sec. • Registrar : Link Intime India Pvt. Ltd.• Company Management : Mr. Edward Menezes and Mr. Sunil Chari.• Pre Issue Promoter Holding : 95.06% • Issue Constitutes : 22.49% of the post issue paid up capital• Average of last 3 Yrs. EPS Rs. 10.73 & RONW 36.02% • Industry Peer Group PE Ratio : 30• Pre IPO Equity Capital Rs. : 10.15 Cr.Post IPO Eq. Capital Rs. 10.39 Cr.• Pre IPO P/BV Ratio : 7.52 (NAV : 56.48) • Post IPO asking P/E on Fully diluted equity : 33.75• BRLM’s performance : Total 31st issue from BRLM in last 3 Years. 17 Issues opened with premium & 14

issue opened with Discount.


Financial Weekly

Smart Best Buy S. N. Zaveri

Cont...

RIL now plans to capture aviation fuel marketTata Consumer : Faster growth potential in Tea and Salt business

Bajaj Finance : Clear favourite of International as well as domestic investorsM&M : Rides on Scorpio and Bolero

Escorts Ltd : Stock hits 52-week high on higher sales

Reliance Ind. (Rs. 1878.00) (Code : 500325)Reliance Industries Ltd (RIL) plans to increase its network of aviation fuel stations by 50 per cent

as it looks to capture greater market share in the business currently controlled by public sector oilretailing firms. In its latest annual report, RIL said the double-digit growth observed over 52 con-secutive months might have been stalled due to the COVID-19 pandemic, but India continues to beone of the fastest growing aviation markets in the world for the fifth consecutive year. RIL plans tocapture this opportunity through increased presence at airports to refuel airplanes. Air-passengertraffic in India rose 9 per cent even in February. RIL is looking to increase its network to 45 loca-tions as against 31 as of now. Recently, the company has completed Rs.53,124 crore rights issuesuccessfully. Jio stake sale fetched more than Rs.1 lakh crore which made the company debt freeeight months before its target. Invest this stock and hold for longer term.

Tata Consumer (Rs. 430.00) (Code : 500800)Credit Suisse has initiated coverage on Tata Consumer with an outperform rating and a target

price of Rs 490 as it sees potential for faster growth in the tea and salt business, and believes thatlong term prospects of Starbucks is intact. It expects a 16% earnings CAGR (compounded annualgrowth rate) over FY20-23 which will be ahead of the industry and ROIC (return on invested capi-tal) at 34% by FY23. Tata Consumer is seeing the transformation as the flagship business of theTata Group is aiming to increase its consumer footprint with the merger of the salt and foods busi-ness being the first big chance and the second big change being the appointment of its new CEOwith a strong track record. In salt, TCL is the only national player with 30% market share. New foodbusinesses and Starbucks are long term prospects for Tata Consumer. Starbucks business is closeto breakeven. The company's existing presence in branded pulses and spices could see a com-pounded growth of 40% over FY20-FY23 period. The stock is worth accumuation.

Bajaj Finance (Rs. 3313.00) (Code : 500034)Bajaj Finance is the country’s largest non-banking consumer finance company. Bajaj Finance

has managed to open a large number of its branches. It is talking about improvement at the groundlevel and the people opting for moratorium may come down too. The stock has been a multibaggerstock and it is a clear favourite of international as well as domestic investors. 842 foreign institu-tional investors (FIIs) collectively held 21.16 per cent stake in the shadow lender at the end ofMarch quarter, out of which the Government of Singapore owned 4.51 per cent. The NBFC man-aged the crisis well, and being a quality business the stock recovered sharply from the earlier lows.Bajaj Finance stock has given 6261 per cent return over the last decade, 459 per cent return in last5 years and 110 per cent return in last 3 months. Accumulate at decline.


Financial Weekly

(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

10th July, 2020 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

M & M (Rs. 554.00) (Code : 500520)M&M: Riding on strong popularity and customer loyalty in rural and semi-urban markets, Mahindra

and Mahindra Ltd (M&M) is betting on its proven and rugged utility vehicles Scorpio and Bolero todrive volumes through the tough months as the overall passenger car segment limps to recovery.More than 50% of Scorpio and Bolero sales come from semi-urban and rural markets. Despite thecovid-led crisis, Bolero, Scorpio and the pick-ups have witnessed a demand almost similar to thatof June 2019, fuelled by rural and upcountry markets. Rural markets have reported a strong recov-ery in May and June based on pent up demand, robust harvest season, government spending,good reservoir levels and better than expected kharif sowing. M&M has already reported a 12%YoY growth in its tractor sales in June. M&M's total sales has doubled in the month from 9,076 unitsdispatched in May. Buy.

Escorts (Rs. 1137.00) (Code : 500495)Escorts Ltd.: Escorts’ stock hit 52-week high of Rs.1139 on Friday as the company has seen

sharp jump in June sales. Its Agri Machinery Segment has reported a sharp 22.8 percent growth inits domestic sales at 10,851 units in the month of June 2020 due to pent-up demand. The companyhad sold 8,960 units in June 2019. Exports, however, contracted 26.9 percent during the monthunder review at 228 units as compared to 312 units in the same month year ago. The industry isexpected to grow significantly backed by pent-up demand of the lockdown period, better farmersentiment due to good monsoon prediction reflected in better than normal Kharif sowing, betterrural cash flows owing to record crop output and crop prices, and reasonably good availability ofretail finance. As Monsoon has spread almost across the country, sales will increase further. Buy.Buy more at decline.

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Financial Weekly

Dalal Street Whispers Dilip K. Shah

Cont.....

Reliance Industries (Rs. 1878.00) (Code: 500325) :- Reliance Industries crossedmarket cap of Rs. 12 lakh crore after 12 deals to sell stake in Jio Platforms. Its market caphas increased by Rs. 3.5 lakh crore since April 22 on the back of these investments in Jio.Moreover, BP has paid $1 billion to Reliance for a 49% stake in a fuel retail joint venture.Experts see the stock price at Rs. 2000 soon.

Tejas Network (Rs. 54.00) (Code: 540595):- The stock hit the upper circuit forthree consecutive days during the week. According to reports, investor Vijay Kedia hasbought 7.35 lakh shares, which amount to 0.81% stake, for Rs. 3.7 crore at Rs. 49.13apiece.

First Source (Rs. 43.00) (Code: 532809) :- Ace investor RakeshJhunjhunwalaincreased his stake in the company to 2.88% by buying 57 lakh shares or 0.82% stake in thecompany in June quarter. Moreover, HDFC Small cap, ICICI Bank, and foreign banks havealso increased their stake. The share had crashed to Rs. 20 during the lockdown.

Gujarat Ambuja (Rs. 151.00) (Code: 524226) :- This Gujarat based company isengaged in agro processing and export business. Its board is slated to meet on July 25 toconsider and approve the proposal to split equity shares of Rs. 2 into two shares of Re. 1.

E-Clerx (Rs. 474.00) (Code: 532927) :- The Board of this KPO company hasapproved buyback scheme of up to Rs. 109.5 crore. It has fixed Rs. 550 as the ceiling pricefor the buyback of 19.90 lakh shares. Considering the difference of 13% in the current andthe office price, the share can be seen rising in the coming days.

HDFC Bank (Rs. 1105.00) (Code: 500180) :- This largest private sector lenderreported 21% jump in advances and 25% rise in deposits for the quarter when it announcedresults on July 4. CLSA has maintained 'Buy' call on the stock with a target price of Rs. 1250,while Morgan Stanley has given 'Overweight' rating with a target price of Rs. 1285.

Prism Johnson (Rs. 50.00) (Code: 500338) :- The company's board met on July6 and decided to sell its entire stake in its insurance arm.

Sobha Ltd. (Rs. 236.00) (Code: 532784) :- The company reported 70% growth insales in the first quarter of the year. It is noteworthy that the share is up 45% in the pastthree months. Global research firm CLSA has maintained 'Outperform' rating on the stockwith a target price of Rs. 252. Jefferies has given a 'Buy' call with a target price of Rs. 305.

Kamat Hotel (Rs. 32.00) (Code: 526668) :- Hotel stocks are in current asMaharashtra government has allowed them to reopen from July 8. Shares of Kamat Hotelsurged 40% in two days. Merlyn Marketing has bought 3.5 lakh shares at an average price ofRs. 34.76 per share.

NBCC (Rs. 26.00) (Code: 534309) :- According to reports, the company has won aRs. 284.63 crore EPC order from BHEL.

South Indian Bank (Rs. 8.00) (Code: 532218) :- The bank has reported goodnumbers for the first quarter. Net profit was up by over 11%, while income grew 4.6%. NIIrose by 10%, while NPAs showed a decline.

UPL (Rs. 436.00) (Code: 512070) :- The share has risen 11% since June. Thecompany has leadership in high margin products. Experts see a potential 50% upside in thestock from the current levels.


Financial Weekly

Ambuja Cement (Rs. 196.00) (Code: 500425) :- With the lockdown ending, andconstruction work picking up, rise in cement demand is expected. Cement off-take was 50-60% higher than the previous month. Shares of Digvijay Cement, Century, KCP, PrismCement, Ramco Cement, can show some strength.

IRB Infra (Rs. 121.00) (Code: 532947) :- Current is being seen in this roaddeveloper's shares after three years. The share has surged 94% in a month to make a new52-week high. However, there is scope for further rise in anticipation of the company baggingmore projects.

Equitas Holdings (Rs. 59.00) (Code: 539844) :- The share has climbed 14%after it reported a sharp decline in the loans under moratorium in June. Analysts are bullishon the stock due to its unique client mix, good recoveries of overdue loans, and attractivevaluations.

Escorts (Rs. 1136.00) (Code: 500495) :- The company's tractor production inJune was the highest since January 2019. The gradual recovery in tractors in rural marketsis also expected to benefit M&M, and VST Tillers apart from Escorts.

DLF (Rs. 147.00) (Code: 532868) :- The government has approved development ofaffordable rental housing complexes to ensure migrant workers in cities have decent andaffordable places to live. Houses built under PM Awas Yojana will be used to provide afford-able rental housing to workers. The decision will benefit real estate companies, especiallythose having presence in affordable housing space.

RCF (Rs. 50.00) (Code: 524230) :- As per recently announced figures, the com-pany reported a staggering 84% jump in sales. Moreover, figures released by NFL show21.5% growth in production.

Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients mayhave investment in this stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I amrecommending • Stop loss is useful for Short / Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arisingout of investment based on tis advices • Past performance may or may not be substainedin future " (Dilip K. Shah) Research Analyst : SEBIRegn No. : INH000002152

Think

Enjoy REAL Profit !!!!Make CONSISTENT Profit !!!!

8 4 0 1 8 1 0 8 6 5

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Financial Weekly

Investor’s Third EyeSmt. Dr. Hemavathy / Padmanaban (Chennai)E-mail : [email protected]

Astrological planetary predictionsFOR STOCK MARKET INVESTMENTS

(13TH JULY TO 19TH JULY 2020)In this week, mars takes its position in Pisces, Venus in its own house- Taurus, Sun, mercury

and Rahu in Gemini, Jupiter and Ketu in Sagittarius, Saturn in its own house- Capricorn, moontakes its position in Pisces, Aries and Taurus. On 13th July 2020, the conjunction of sun, mercuryand the speculative planet Rahu taking seventh position towards Jupiter in its own house -Sagit-tarius along with Ketu favors the market. On 14th and 15th July 2020 the conjunction of moon andmars in Pisces taking eleventh position towards venus in Taurus favours the market to great ex-tent. On 16thJuly and 17thJ uly 2020, moon in Aries taking fifth position towards upiter in its ownhouse - Sagittarius favors the market. Several sectors like health, public sector units, Pharmaceu-ticals Information Technology, chemicals, paper firms, energy, fertilizers, seed producing firms,sugar producing industry, Government sector, defence and aviation sector tend to outperform. Marsin Pisces- the house of Jupiter where Jupiter - the planet of wealth had taken its position in its ownhouse taking seventh position towards sun along with mercury and Rahu in Gemini favors thedefence sector to the great extent. HAL, BEmL, Apcotex, Reliance, Tasty Bites, Bharat Electronics,Escorts, Bharat Dynamics, Voltamp Transformers, Kiri Industries, Ruchi soya, RITES, IRCTC,Hester Bio science, Nath Biogenes, JK Agri genetics, Laurus Lab, IPCA lab may show good move-ment in stock prices.

Astrological planetary predictions forGOLD PRICE MOVEMENTS

(13th JULY TO 19th JULY 2020)13th July 2020 : Venus in its own house and moon along with mars in Pisces taking elev-

enth position towards venus shows the good movement of gold price

14th and 15th July 2020 : moon taking ninth position in Aries towards Jupiter in its own

house in Sagittarius along with Ketu favors the bullion market. .

16th and 17th July 2020 : The conjunction of moon and venus in Taurus and Saturn in

its own house Capricorn taking fifth position towards Taurus brings volatility in the bullion market

to certain extent.



Financial Weekly

Senior AstrologerDharmesh JoshiMob. : 9909941816

E-mail :[email protected]

" Please consider 10 minutes plus and minus in each prediction, and act accordingly. " Ganeshaadvises you to compare every prediction with the prediction of the previous time slot.13-07-2020 Monday" Today and tomorrow is zero weightage day. You already know its meaning what the history says.

So, you will need to be careful. (It has been written at the end of the book and monthly file sent to youabout what to do).

" Read once the para written as part -2 in the book and the monthly file." The file you get, it should be read once at least. With it, you can make the entire weekly strategy. (It

is not to be done that you should read only the prediction for the present day)." Today and tomorrow is zero weightage day so it may be unsafe and unpredictable opening. So for

the two days, you should take a decision only after the opening." From 9:15 to 9:45, Ganesha feels the opening will be positive but keep in mind the above instructions." From 9:45 to 11:50, Nifty will do softside or slight down jobbing." From 11:50 to 13:45, Nifty will be up." After 13:45 do jobbing only. Ganesha is requesting you for the same.14-07-2020 Tuesday" Today is also a zero weightage day. Move only if you have the capacity." Divide the time phase from 9:15 to 12:00 into two parts: wherein in the 1st part up and in the 2nd part

do jobbing or downside jobbing." From 12:00 to 14:00, in the two hours, make your strategy only if the call side ratio increases." From 14:00 till the closing bell, there will be a mixed pattern, so decide only after watching the Asian

market and the global scenario.15-07-2020 Wednesday" Work with the preparation of speculation today. You will achieve your target." Short sell Nifty around 9:29 and exit around 10:25 or 11:35." Buy Nifty around 11:40 and exit around 12:45." From 13:27 to 15:30, W shaped graph will be formed, so keep reshuffling the position.16-07-2020 Thursday" The point where the market will open, from there it will move down step by step. This will go on till

11:00." After 11:00, Nifty will move up step by step. This may happen until 13:13, but there will be a correction

around 12:40." From 13:13 to 14:51, keep a margin of Rs 2 on both sides." There may be a slight recovery in Nifty around 14:51.17-07-2020 Friday" From today Rahu and Sun will get separate. But Sun and Saturn are viewing each other completely.

This will be a risky pattern for government, gold or personal horoscope." The opening will be positive, but immediately will go down, be mentally prepared for the same." From 9:30 to 10:25, Nifty will be down." From 10:25 to 13:25, overall Nifty will make efforts to move upside. But there may be a small correc-

tion 11:21." From 13:25 to 14:10, Nifty will be down." From 14:10 till the closing bell will be overall up but there may be a correction around 14:52.

Sensex Predictions : Dt. 13th July 2020 to 17th July 2020



Financial Weekly

Reveiw of SMART INVESTMENT Last IssueAmazing 40% RETURN

SMART GAIN FOR SMART INVESTORSCompany Reccom. Weekly Ch.

6-7-2020 High (%)MARKET SCAN

WhirLPooL 2157 2259 4.73

NavinFluorine 1679 1734 3.28

RAPID FIRE STOCKS


Pidilite 1389 1399 0.72

DARK HORSE

Tera Software 25 35 40.00

Gujarat Siddhee 31.85 33 3.61TRADNICAL STRATEGY


SURE SHOTES

Nucleus Software 270 283 4.81

Polycab India 843 848 0.59

Dixon Techno 5977 6229 4.22

Godrej Agrovet 433 482 11.32

SCRIP TO WATCH

Tasty Bites 13057 13500 3.39HAL 851 980 15.16

Bajaj Finance 2931 3352 14.36

Havells India 579 597 3.11

MARKET TIPS

Maruti Suzuki 5933 6225 4.92

Bharat Bijlee 807 827 2.48

SMART TIPS

Granules India 208 226 8.65Bharat Electronics 97 103 6.19

HUDCO 33 37 12.12

NOCIL 89 104 16.85

Company Reccom. Weekly Ch.

6-7-2020 High (%)SUPER DUPER

HDFC LIfe 572 585 2.27

Finolex Cable 292 307 5.14

RITES 262 271 3.44

Exide Ind. 153 157 2.61

Mangalam Cement 195 206 5.64

BHAVI CHAAL

Denora India 211 231 9.48

ASM Techno 67 73 8.96GPT Infra 26.55 28 5.46

SMART BEST BUY

Amara Raja Batt. 690 712 3.19

Escorts 1059 1129 6.61

GUPSUP

Reliance Ind. 1787 1851 3.58

Bharat Dynamics 375 427 13.87

Hindustan Aeronautics 851 980 15.16

J.B. Chemicals 718 791 10.17Phillips Carbon 108 113 4.63

RITES 262 271 3.44

Vaibhav Global 1286 1335 3.81

Escorts 1059 1129 6.61

Kalpataru Power 234 267 14.10

Future Retail 136 142 4.41

Eveready Ind. 84 86 2.38

BEL 97 103 6.19NOCIL 89 104 16.85


HUDCO 34 37 8.82

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Financial Weekly

Disclaimer :- Investment recommendations made in Smart Investment are for informationpurposes only and derived from source that are deemed to be reliable but their accuracy andcompleteness are not guaranteed. Smart Investment or the analyst / writer do not accept any

liability for the use of this column for the buying or selling of securities. Readers of this column whobuy or sell securities based on the information in this column are soley responsible for their ac-tions. The author, his company or his acquaintance may / may not have positions in the scrips

featured herein

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