SMART - 19 Sept. 2017 PDF

Warning :- Your soft Copy (E-mail Edition) is for your exclusive use only.
Any attempt to share your copy

or forwarding your copy to a non-subscriber will disqualify your membership & we will be compelled to stop
your supply and forfeit your subscription thereafter without any refund to you.
:: Shree Ganeshay Namh ::
Only Financial Weekly Published in English & Gujarati Page
62
GAMC No. :1703/2015-17. Issued by SSP Ahd. Valid up to 31-12-2017

VOL : 10 Issue No: 31 RNI No : GUJENG / 2008 / 24320 17th Sep. 2017 to 23rd Sep. 2017
FII Activity (Rs. Cr.)

Date Buy Value Sell Value Net Value
11-09-17 3993.31 4385.83 -392.52
12-09-17 3992.62 5223.36 -1230.74
13-09-17 3695.52 4522.29 -826.77
14-09-17 3693.01 5027.24 -1334.23
15-09-17 11764.47 11345.61 418.86
Total 27138.93 30504.3 -3365.4
DII Activity (Rs. Cr.)
11-09-17 3741.67 2864.3 877.37
12-09-17 4012.24 2699.16 1313.08
13-09-17 3379.36 2653.46 725.9
14-09-17 3604.18 2810.87 793.31
15-09-17 3049.33 2923.78 125.55
Total 17786.78 13951.6 3835.21
Most Popular Webstie for the Stock Market Investors

www.smartinvestment.in
Caution: Please note that your copy/access to our website is for your exclusive use only. Any attempt to share your
access to our website or forwarding your copy to a non-subscriber will disqualify your membership and we will be
compelled to stop your supply and forfeit your subscription thereafter without any refund to you.
Please send your Subscription as early as possible if you want to read or download
these 62 pages E-mail Edition of Smart Investment (Financial Weekly)
Click on our previous Edition of Smart Investment for Free Sample (Demonstration)
For More Detail E-mail to: smartinvest25@gmail.com
Financial Weekly
SMART 17th September 2017 to 23rd September 2017 4

INVESTMENT
SMART
BUY OF THE WEEK
Dark Horse
" Last week we had recommended IND BANK MERCHANT as DARK HORSE @
Rs.21, it zoomed to almost 28% to Rs.26.90 levels in just one week and shown mind-
blowing run-up in just one week.
" One week ago recommended VASWANI INDUSTRIES @ Rs.15.4, it zoomed to
Rs.18.25 levels & recorded almost 19% appreciation after our recommendation.
" On 31st July-17 we had recommended AMINES & PLASTICIZER @ Rs.49, it zoomed
to Rs.78 levels & recorded almost 59% appreciation in just one and half months.
" On 17th July-17 we had recommended KUANTUM PAPER @ Rs.492, it zoomed to
Rs.696.90 levels & recorded almost 42% appreciation in just two months.
COMPUCOM SOFTWARE LTD (532339& NSE)

(18.1) (Face Value Rs.2)
Compucom Software Ltd is the leading software and education company from the state of
Rajasthan, serving customers spread across four continents. It offers quality services in software
development, software consultancy, software products, web development & design, Internet/Intranet,
E-governance, networking solutions, technical support, BPO, IT and training.It provides fully
equipped software development centers in Atlanta (USA), New Jersey (USA) and Jaipur (India).It
has over 40,000 sq. ft. office space and state-of-the-art hardware& software resources. It has also
fully equipped data centers in India & USA.
Financial Weekly

INVESTMENT
Products and services offered by the company:
Products:
1) iCARE
2) iOBTS
3) Educational Multimedia Pack
4) Comex
Services:
1) Software Design, development and maintenance
2) IT Training
3) Resource supplementation
4) e-Governance initiatives
5) BPO &Call centers
Business segmentation:
(1) Software & E-Governance Services:
(2) Learning Solutions:Learning Solution Segment mainly comprises ICT Phase II, ICT Phase
III, ICT Bihar, CALP II, Computer Aided Training Program and other projects.Company has cov-
ered total 8,223 Govt. Schools and over 2 million learners.Company is also planning to leverage
in-house software development and satellite based technology skills for expansion in school and
coaching Business.
(3) Wind Power Generation:Company has installed two Wind power generation plants in
Jaisalmer (Rajasthan) with capacity of 0.6 MW each, two at Sikar (Rajasthan) with capacity of 0.6
MW each & One Plant at Krishna (Andhra Pradesh) with capacity of 0.8 MW. It is having total wind
power generation capacity is 3.2 MW.
(4) Treasury Activities:
Subsidiaries:
Company has 2 subsidiaries:
(A) ITneer. Inc: a wholly owned subsidiary operating out of its own premises in Atlanta, USA.
(B) CSL Infomedia Pvt. Ltd:Company is mainly operating in multimedia, Content Develop-
ment, Education TV Segment and Satellite Education.It has two TV Channel one "JAN TV", Satel-
lite TV channel and "JAN TV PLUS" (an Infotainment Channel).Currently these channels are avail-
able on various cable networks across India and also available live on jantvplus.in.
With an equity capital of just Rs.15.83crore and reserves of Rs.111.62crore, its book value works
out to Rs.16.22. The promoter holds 69.62% while the investing public holds 30.38% stake in the
company.
For Q1FY18, it's net profit zoomed 5.62% to Rs.3.38crore from Rs.3.20crore on income of
Rs.13.08crore fetching an EPS of Rs.0.43.It is regular dividend paying company. Company has
declares 5% dividend for FY17 and the book closure date is 21 September 2017.Company ex-
pects approximately 2000-3000schools to be added in the coming 2-3 years under ICT project.
Recently computer education stocks have seen superb rally. CAREER POINT zoomed from
Rs.95 to Rs.156 levels, NIIT Ltd zoomed from Rs.83 to Rs.117.Last week it has reported huge
spurt in price with 2ndhighest volume on weekly basis in last 5 years Buy with a stop loss of
Rs.15.75. On the upper side above Rs.18.50, huge buying will take the stock to Rs.22-25 levels in
short span of time.
Financial Weekly

INVESTMENT
SAURASHTRA CEMENT LTD

(502175) (76.5) (Face ValueRs.10)
Founded by Mehta Group in 1956, Mumbai based Saurashtra Cement Limited manufactures
and sells cement in India. It offers ordinary Portland cement, Portland Pozzolana cement, and
Portland slag cement, as well as clinker products. The company markets its cement products un-
der the "HATHI CEMENT" brand name, as well as exports its products to Africa, the Middle East
countries, Sri Lanka, etc.
It has an equity base of just Rs.69.19crore that is supported by huge reserve of around
Rs.210.07crore. The Promoters hold 73.83% while the investing public holds 26.17% stake in the
company. Its share book value works out to Rs.40.36 and stock trades at a comfortable P/BV of 1.9.
It reported steady numbers for Q1FY18 with 5.08% higher PAT at Rs.22.74 crore on YoY basis
but witnessed a huge turnaround on QoQ basis (PAT zoomed 4111% on QoQ basis). Sales were
almost flat on YoY at Rs.163.13 crore and EPS was Re.3.30. Most of cement companies had
reported poor numbers for FY17but with the huge activities in infrastructure sector FY18 will be a
good year for Cement sector.
Investors can buy this stock with a stop loss of Rs.65. On the upper side, it could zoom to Rs.90/
105 levels in the medium-term.
Financial Weekly
Every Sunday Every Wednesday
English & Gujarati Edition Gujarati Edition

Financial Weekly

INVESTMENT
TRADNICAL STRATEGY
Email: nimesh@nimeshthaker.com, M. 9228237373
NIMESH THAKER, BARODA
Nifty Struggling For Making Historic High

Nifty Witness a range breakout of 9970 level but momentum was on losing side. Since last 3
days of week nifty has not able to sustain above previous high level of 10125 and witness profit
booking.
Base on F&O open interest data on 9970-10000 level considered has strong base for short term
angle while on upside 10200-10300 would become a resistance zone.
Capital First: Buy :- Capital First. The founding theme of Capital First is that financing Indias
MSMEs and its emerging middle class, with a differentiated model, based on new technologies
provides a large and unique opportunity. by offering different products for their various financing
needs. Within a short time, Capital First has built a large network and provides financing in 222
locations across the length and breadth of the country. The loan book of the company is of high
quality as compared to the industry, with Gross and Net NPA 1.07% and 0.55% respectively. The
company enjoys a high credit rating of AA+ which has been achieved by very select financial
institutions in India. At the current stock price, Capital First has trading at 30 PE which consider as
Fair Valuation. Over the previous quarter. On technical side stock says given a Breakout on daily
as well as weekly charts as well as shows strength and Momentum. we can expect a huge rally on
the stocks at current level. I recommend to accumulate between 800-790 with the Stop loss below
760 and we can expect target would be 1000 and 1080 in 1-3 month horizon. Recommend to
allocate 10-15% of your trading capital
Buy... Buy... Buy on Dips Hold Sell on High

ONGC 319.00 Reliance Comm. 20.00
Nalco 79.00 Federal Bank 115.00 Apollo Hospital 1064.00 D-Link 101.00
Yash Papers 39.00 Graphite India 324.00 Amar Raja Batt. 773.00 ITC 269.00
HPL Electric 148.00 Veto Switch 212.00 HUL 1245.00 Jet Air. 566.00
20 Microns 39.00 OK Ply. 218.00 Escorts 668.00 IRB Infra 216.00
L & T Fin. 206.00 Career Point 145.00 Bank of India 154.00 IndiGo 1181.00
L. T. Foods 67.00 REC 167.00 Dr. Reddy 2210.00 J. P. Asso. 20.00
Andhra Bank 58.00 Prima Plastics 235.00 RBL Bank 532.00 HDIL 61.00
Atlanta 89.00 Hexaware 277.00 Siemens 1377.00 Vedanta 318.00
M. T. Educare 62.00 Deepak Fert. 380.00 TCS 2498.00 BHEL 132.00
Dish TV 77.00 Salasar Techno 282.00 LUPIN 1007.00 IDEA 79.00
Syndicate Bank 69.00 Mind Tree 465.00
Financial Weekly

INVESTMENT
Rapid Fire Stocks

- Kalpna J (Email- Kjtech79@gmail.com) (Ring : 97690 37711)
Atlas Cycles (Haryana) Ltd. (Rs. 408.00)

Atlas Cycles (Haryana) Ltd., incorporated Category No. of shares (%)
in the year 1950, is a Small Cap company
Promoters 1,420,065 43.67
(having a market cap of Rs 130.99 Crore)
General Public 1,444,541 44.42
operating in Automobiles sector. For the
quarter ended 30-06-2017, the company Others 381,634 11.74
has reported a Standalone sales of Rs Financial Institutions 4,726 0.15
179.84 Crore, and has reported net profit NBFC and Mutual Funds 953 0.03
after tax of Rs 2.53 Crore in latest quarter.
Technical Discourse : Stock is in uptrend, Buy at CMP: 408, Target - 479 to 520, SL- 365, Time
Frame 2 to 24 Months. Add in all dips.
Aditya Birla Capital Ltd. (Rs. 203.00)

Aditya Birla Capital Limited (ABCL) is one of the largest financial services players in India.
Formerly known as Aditya Birla Financial Services Limited, ABCL is the holding company of all
the financial services businesses of the Aditya Birla Group. ABCL is committed to serving the end-
to-end financial needs of its retail and corporate customers under a unified brand -Aditya Birla
Capital.
Delivering a wide range of money solutions for protecting, investing and financing, as well as
advising its customers, Aditya Birla Capital serves millions of Indians in more than 400 cities through
1,300+ points of presence, anchored by 12,500+ employees and supported by over 150,000 agents
and channel partners.
Aditya Birla Capital manages, through its subsidiaries and joint ventures, aggregate assets worth
Rs. 2,613 billion and has a lending book of Rs. 411 billion as of June 30, 2017, placing it among
the top 5 private diversified NBFCs in India (Source: CRISIL), the 4th largest assets management
company in India by domestic AAUM as published by AMFI for the quarter ended March, 2017.
Technical Discourse : Stock is in uptrend, Buy at CMP: 206, Target - 250 to 265, SL- 180 Time
Frame 2 to 24 Months. Add in all dips
Financial Weekly

INVESTMENT
FIFTY FIFTY
MAYANK SHARMA MUMBAI -Research Analyst
Akar Tools Ltd (530621) (103) : (ATL), incepted in 1989, under the leadership of Mr. R L Gupta, Chair-
man, is into manufacturing and export of hiquality precision engineered hand tools to Europe, USA, Ja-
pan, Australia and many other countries worldwide. ATL employs latest cutting edge technology at its
stateoftheart facility where Makino CNC machines, Collocate polishing machines, vibrators and other
sophisticated machines are used to craft the most perfect hand tools. Product mix of ATL includes Hand
Tools (Spanner / Wrenches, Automotive / Working Tools, Plumbing Tools, Electrical and Electronics Tools,
Striking Tools, Lubricating Tools, Tool Apron, Hand Truck, etc.), Tool Kits (Automotive and Non- Automo-
tive), Forging (Automotive and Non- Automotive) and Leaf Springs (Multi Leaf Spring, Parabolic Leaf Spring
and Air Links). ATL supplies to globally competitive markets like North America and Europe where its
products meet the stringent ANSI and DIN quality standards with ease. In Q1FY17, ATL reported flat in-
line results with Total Revenue of Rs.458.5 Mn. and Net Profit at Rs.6 Mn. ATL is today a future ready
company able to sustain its high growth rate and further add brand value to its products for the benefit of its
customers. AT CMP of Rs.103, the stock is trading at PE of 22x on its EPS (TTM) of Rs.4.44. We strongly
recommend a BUY to our investors.
Cochin Shipyard Limited (540678 & NSE) (547) :- incorporated in 1972, is one of the leading Ship-
building and Ship repairing Company in India, led by Madhu Nair, Chairman & MD. CSL raised funds of
Rs.1470 Cr in Aug 2017 through IPO for its 2 major infras expenditure projects i.e. International Ship
Repair facility for Rs.970 Cr and Construction of New Dry Dock for Rs.1,799 Cr. In 1 month, stock has
outperformed all the expectations by its investors. In Q1FY18, CSLs revenue rose 5%QoQ / 33% YoY to
Rs.595 Cr & PAT zoomed 118% QoQ / 13% YoY to Rs.91 Cr. CSL has long way to go looking at strong
fundamentals, high yielding projects & funds in hand. At CMP of Rs.547, we foresee stock to run to levels
of Rs.600 in next 3 months. We recommend strong buy.
Future Consumer Ltd (533400 & NSE) (65) (FCL), originally incorporated in 1996 as Subhikshith
Finance & Investments Pvt Ltd, to carry on the business of a NBFC as a non-deposit taking company,
granting loans and financing. Later in 2007, it became WOS of Pantaloon Future Ventures Ltd (FVL). Part
of Future business group which is led by Kishore Biyani who always have focused on consumptionled
businesses in India. After several changes in business model, in 2013, FVI was changed to FCL, leading
agri-sourcing operations sourcing golden harvest of Indian farmers through 51 centers across India for
further grading, quality checks, processing, packaging and distribution. In Q1FY18, FCLs revenue grew
44.80% YoY at Rs.517.3 Cr & PAT zoomed to Rs. 6.25 Cr against losses in Q1FY17 of Rs.3.53 Cr. At
CMP of Rs.65, FCL seems attractive investment as FMCG industry has started improving.
Indo Thai Securities Ltd (533676 & NSE) (55) (ITSL), incepted in 1995, under the leadership of
Mr.Parasmal Doshi, Chairman, is engaged in providing various financial services that are well diversified
from trading services in equity, derivatives commodities segment and currency derivatives. In Q1FY18,
ITSLs revenue grew by 116% on YoY basis from Rs.61.1 Mn. in Q1FY17 to Rs.132.1 Mn., EBITDA
surged 131% from Rs.4.9 Mn. in Q1FY17 to Rs.11.3 Mn. and PAT zoomed by 10740% from Rs.0.1 Mn. in
Q1CY17 to Rs.6 Mn. From year-wise perspective, ITSLs Total revenues grew at a CAGR of 66% over the
last 5 years to Rs.454.5 Mn. in FY17 and PAT pumped at a CAGR of 101% to Rs.32.9 Mn. in FY17. Indian
securities/stock market has gained new milestones with Nifty touching new levels to 10,000 and Sensex
crossing 32,000 and has surprised the economy with expansion in equity, debentures, bonds, real estate,
Options, Futures, and Derivatives. Frequently upcoming of new IPOs across industries and drastic in-
crease of investments in capital market is resulting towards a boom in stock industry. AT CMP of Rs.55,
the stock is trading at PE of 13.9x on its EPS (TTM) of Rs.3.88. The stock is available at a discount if we
compare it with Industry PE (PE 43.4x). Considering all of the above, we recommend a strong BUY to our
investors.
Financial Weekly

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

UPTREND LACKING STRENGTH
This week, Nifty came very close to overcoming the previous life high of 10137. Last three days
of the week saw Nifty reaching near previous life-highs but was unsuccessful in clearing that level.
The coming week may see the Nifty overcoming the previous highs but the same cannot be said
about the Sensex, which is still some distance away from its previous life highs. Even if the Nifty
overcomes and closes above its life-highs, the markets may not witness a strong vertical move, as
there are various confluences of different targets coming in-between 10100 - 10500.
Technically Speaking :- Sensex opened the week at 31798, made a high of 32356, low of
31797 and closed the week at 32272. Thus it closed the week with a gain of 585 points. At the
same time the Nifty opened the week at 9971, made a high of 10131, low of 9968 and closed the
week at 10085. Thus the Nifty closed the week with a gain of 151 points.
On the daily charts, both the indices have formed a small white body candle with small shadows
which is a neutral formation. On the weekly front, both Sensex and Nifty have formed an Opening
White body Marubuzo. It is a bullish pattern suggesting that the uptrend will now gather strength.
Thus daily as well as weekly candlestick pattern study indicates a bullish bias in the near term.
Since both Sensex and Nifty are now sustaining above the critical Reversal level of Sensex
32091 and Nifty 9965, we can conclude that the Correction is now complete and now the indices
are well on its way to test the previous life-time highs.
The indices have taken Support at the critical Trendline which is now at Sensex - 31572 and
Nifty - 9854. A breach of this Trendline will push the market lower towards testing of intermediate
bottom of Sensex 30680 and Nifty 9448.
The current Rally has produced two major Bullish Gaps. The first Bullish gap is on daily charts,
This Weeks Recommendations

Rec. Name CMP SL TGT-1 TGT-2
Buy BajajAuto 3025 2962 3120 3219
Buy Dalmia B. 2826 2776 2901 2979
Buy Lupin 1009 990 1039 1071
Buy Tata Invest 926 906 957 989
Buy AutoAxles 882 862 913 945
:::: INDEX LEVELS ::::
S3 S2 S1 CLOSE R1 R2 R3
NIFTY 9792 9882 9988 10085 10178 10262 10343
SENSEX 31220 31586 31911 32272 32672 33089 33389
Financial Weekly

INVESTMENT
between Sensex 29780-29681 and Nifty 9250-9225 will act as strong Support. The second Bullish
Gap which is more critical as it is also a Weekly Gap i.e. between Sensex 29356-29098 and Nifty
9060-8977 hold the key to the long term trend.
This week, both the indices continued to remain above the short term average of 20dma (Sensex
- 31745 and Nifty - 9927) and even the medium term average of 50dma (Sensex - 31883 and Nifty
- 9917). Both the indices are above the long term average of 200dma (Sensex - 29669 and Nifty -
9187). Thus the Trend in the short term and medium term timeframe remains upwards, whereas
the trend in the long term timeframe continues to remain bullish.
On the weekly formation, both the indices had completed a Cup and Handle formation and the
targets are Sensex 34677-37554 and Nifty 10536-11413. If one considers the Cup and Handle
formation of 7 years from 2007 to 2014, the target for that pattern falls at Sensex 34715 and Nifty
10462. The Golden Ratio target of the current pattern weekly pattern of 2 years is at Sensex 34677
and Nifty 10536. Thus in the medium term one can expect a test of the above targets i.e. Sensex
34677-34715 and Nifty 10462-10536.
MACD and Price ROC are both in Buy mode. RSI (62) suggests bullish momentum. Stochastic
Oscillator %K (86) is below %D and hence in Sell mode. ADX has dropped further to 15, which
suggests that it is in sideways trend. Directional Indicators continue in Buy mode. MFI (64) sug-
gests Positive Money Flow. OBV continues in Buy mode. Bollinger Band has signalled a fresh buy
this week. Thus Oscillators are suggesting a bullish bias.
Options data for September series indicate highest Call Open Interest has shifted upwards at
the strike of 10200 whereas the highest Put build-up is now at 9900. Thus Options data suggests a
trading range with resistance coming at 10200 & support at 9900.
Financial Weekly

INVESTMENT
Jignesh R Mehta
(SEBI Registered Research Analyst)
E-mail : support@kiranjadhav.com
Website : www.KiranJadhav.com
Phone: 95 95 113344
Nifty barely any Bullish !

As per my last week's article, Nifty had two important levels to give quick 100 points move. Nifty
chose to break upside level of 9985 and hence a quick up spurt of 100 points had to be visited.
Nifty took a good upside of 10131. While Nifty is in bull's hands, today it hardly looks any bullish.
This is because the high of 10131 was made with a black candle. Also after making the high, Nifty
has turned quite range bound again. Also on the Friday, it is more like an inverted hammer candle-
stick formation on the chart. Nifty not breaching 10131 up north easily tells me not to have at least
bullish view at current juncture. If there is any profit on upside, one should take that off the table.
Now, we will be watchful for 10130 on upside to be taken away for further upside or 9999 to be
taken away on downside for quick and big down move. Reader's should remember that Nifty is
already quite far to its Mighty 200 DSMA levels and current levels are not comfortable to be bullish
because any correction from here can be a sizable as it is same case with Dow Jones Industrial
chart as well. If at all we see down move that takes Nifty below 9999 on closing than 10100 should
be treated as upside stop loss to create a fresh down view for the first target of 9910. Till the time
Average Profit 14.84%
Average Days of Investment 69
Strike Rate so far 87.0%
YOY profit on pro-rata 78.77%
PERFORMANCE OF RISING STAR till Today

Sr. Rec. Date Co. Name CMP Price on Profit Stop Comments Days
Recomm. or Loss Loss of Invest
1 08.05.17 M&M 1294.25 1321.25 -2.04% 1210 Hold with strict SL 130
2 22.05.17 IZMO 65.35 55.75 17.22% 47 Hold with Trailing SL 116
3 22.05.17 NIIT 111.25 87.25 27.51% 75 Hold with Trailing SL 116
4 05.06.17 Autolite India 89.15 60.7 46.87% 52 Hold with Trailing SL 102
5 05.06.17 M p ha s is 627.65 620.25 1.19% 520 Hold with strict SL 102
6 12.06.17 Automotive Axles 882.15 772.05 14.26% 660 Hold with Trailing SL 95
7 12.06.17 T inpla te 203.1 90.85 123.56% 76 Hold with Trailing SL 95
8 19.06.17 Kokuyo Camlin 96.95 103.2 -6.06% 86 Hold with strict SL 88
9 19.06.17 Mukta Arts 85.15 101.7 -16.27% 89 SL Hit on 10-08-2017 111
10 26.06.17 Meghmani Org. 83.6 46.65 79.21% 38 Hold with Trailing SL 81
11 26.06.17 Cybertech 56.75 60.85 -6.74% 40 Hold with strict SL 81
12 03.07.17 SCI 92.5 85.75 7.87% 72 Hold with Trailing SL 74
13 03.07.17 United Spirits 2649.05 2398.35 10.45% 2050 Hold with Trailing SL 74
14 10.07.17 Jain Irrigation 104.1 105.2 -1.05% 90 Hold with strict SL 67
15 17.07.17 Kwality 114.6 151.85 -24.53% 139 SL Hit on 04-09-17 49
16 24.07.17 Repro India 707.25 463.3 52.65% 413 Hold with Trailing SL 53
17 31.07.17 S i em e ns 1382.55 1446.3 -4.41% 1280 Hold with strict SL 46
18 07.08.17 Triveni Engg. 91.6 97.8 -6.34% 72 Hold with strict SL 39
19 14.08.17 Info sy s 923.25 987.7 -6.53% 940 SL hit on 18-8-17 4
20 21.08.17 Bharat Financial 944.1 876.6 7.70% 740 Hold with Trailing SL 25
21 28.08.17 Trident 100.15 86.55 15.71% 77 Hold with Trailing SL 18
22 04.09.17 National All. 80.1 74.85 7.01% 64 Hold with Trailing SL 11
23 11.09.17 HOEC 93.5 89.95 3.95% 70 Hold with Trailing SL 4
Financial Weekly

INVESTMENT
Nifty is above 9999, we should do nothing.
It is often said that, "No matter, how high the hill may be, you always start with a single step!" I
believe, if you keep on taking such a single step relentlessly and religiously, conquering the hill is
guaranteed. All the readers of Smart Investment have been reading my articles that appears here
ever since the 6th May 2017. Our humble effort for all of you is nothing but you make huge profits.
Although it started with your investment journey with one stock every single time, this journey may
lead you to touch the crest and climb the hill completely. All you need to do is to be able to follow
the rules given here under the guidelines of your investment advisor. If you are already on your
way to your goals, you need to periodically take a pause from climbing and evaluate about what
you have done so far. Today, it is time to evaluate about what one could have achieved if followed
our articles in this space. It is like an excel sheet performance of the stocks that I have brought forth
from the given date till now. Readers should know that the table included here counts the starting
day as next Monday of the publication day since this weekly publication is released on Saturday
on e-copy. Also the stock appears on Saturday's e-copy considers the close price of Friday to start
counting the performance. We have arrived upon the profit and days of investment by considering
Friday, 15 Sep 2017 as closing date &price for the stocks which are still on hold.Actual date of
closing is considered, for the stocks which have hit the stop loss and
closed below the given SL. Average profit is the summation of positives as well as negative
returns divided by total recommended scrips.Strike rate is the percentage of the stocks still on hold
versus the stocks which has hit the SL. Average days of investment is the summation of total in-
vestment days until 15 Sep 2017 or until the SL hit date for all the counters divided by total scrips.
YOY profit on pro-rata is considered by calculating what would be theaverage profit for average
days of investment if continued till 365 days. Readers should also note that actual performance
may vary and past performance is not a guarantee for the future.
If you see the given table attached herewith, you see the whopping 14.84% return per recommen-
dation in average 69 days of investment. That is way too good a profit in such a short time span.
Strike rate of our recommendations in this space is almost 87% which is undoubtedly awesome.Also
the YOY profit on pro-rata comes to the gigantic 78.77% in this case. If you consider such a data is
pleasant than you must know that this is not a magic and every reader can try to duplicate this results
by doing the same thing we do. It is pure technical analysis theories that we use over the markets. It
is indeed a good news that we teach all our clients the same theories and practical in our 2 days
exclusive workshops with life time support which is open to all. Even person who doesn't have stock
market or finance background can learn this theory easily. For example, most of the readers love to
ask the Fish from us. But if we give you fish today, you may eat it for the day and next day you will
again go hungry. Readers should focus on the fishing that we teach you. When you learn fishing, you
can eat fish every day without fail thus you can earn profits not only today but day by day, every day,
over and over again. The results produced for the Smart Investment readers are stupendous hence
what we say today should not be ignored.
Jignesh R Mehta (SEBI Registered Research Analyst (www.kiranjadhav.com)
support@kiranjadhav.com
Phone: 95 95 113344
Financial Weekly

INVESTMENT
Stock Buzz Subramanian Mahadevan

dolphincapital@gmail.com
Dish TV India Limited (Rs.78):

Pleasant Picture !
Dish TV India Limited (DITV) - is a Mumbai based DTH (direct-to-home) arm of Essel
Group which has interest in media programming, broadcasting & distribution, speciality pack-
aging and entertainment. DITV is India's first direct-to-home entertainment service that has
digitalized Indian entertainment to bring to home the best in television viewing through the
latest in digital technology. DITV takes television viewing to the next level as it supports
various futuristic features like Electronic Programme Guide, Parental Lock Capacity up to
400 channels, Games, Interactive TV, Movie on Demand etc also brings an exclusive
National and International channels for the first time in India. DITV enjoys a leadership posi-
tion with a net subscriber base of 12.5m+, implying a 30% share in the Indian DTH market.
DITV is a beneficiary of mandatory digitization as it will benefit from increased content cost
and tax parity vs cable (hitherto unorganized). Apart from the flagship brand, DITV also has a
sub-brand 'Zing' targeted at phase III/IV language markets. Management will harvest the
benefits of its investments made in the last few years from here on. Stock has corrected
recently and one may accumulate immediately for 20% to 40% upside with minimum down-
side in one year. Recent merger of Dish TV and Videocon d2h is a huge postive trigger and
the deal would enable scale-led revenue, cost and capex synergies. Key areas are efficient
content sourcing, infra sharing, SG&A leverage, revenue synergies, advertising, carriage
and VAS, and capex synergies, STB procurement. Stock is trading at inexpensive valuations
and has the potential to provide miniumum 30% returns with very limited downside. Accumu-
late on every decline for double digit returns.
Financial Weekly

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

E-mail ID : rohan.nalavade21@gmail.com
Nifty (10000) a major support for Bulls

We had rightly stated last week Nifty range (9980-9950) breakout can be seen for higher
level 10100-10200 and Nifty did touched 10100 levels and took resistance near all time highs,
now Nifty at 10000 have very strong support and accumulation can be seen around 10050
levels for fresh highs 10200-10300 levels market will reverse only below 9970 for selling
pressure ,next week is very imp for fresh trend as w.d.gann date is there next week trend
will be confirmed for this month, technically Nifty is making weekly higher low and higher high
indicating a strong bull trend and all we can see new all time high soon so overall market is
buy on dips .
Stocks to watch out for :-
ONGC looks good above 164-165 for 175-182 SL 160
ARVIND looks good above 413-414 for 420-435-440 SL 405
ADANI PORT looks good above 403-405 for 410-420 SL 399
BHEL looks good for long term at 132 for 145-155-165 SL 127
KARUR VYSYA looks good above 156-157 for 165-169 SL 151
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
S. I. Bank 532218 29.00 Ashok Leyland 500477 116.00
Om Metal 531092 59.00 Indian Hume 504741 549.00
Alkali Metal 533029 77.00 Tata Sponge 513010 927.00
PTC India 532524 121.00 Symphony 517385 1407.00
Omkar Sp. 533317 86.00 IGL 532514 1437.00
Bhageria Ind. 530803 273.00 Jubilant Food 533155 1359.00
Kamdhenu 532741 144.00 UPL 512070 827.00
BF Utilities 532430 391.00 APL Apollo 533758 1799.00
Gail India 532155 399.00 Page Ind. 532827 18794.00
GNFC 500670 319.00 MCX 534091 1103.00
Havells India 517354 506.00 Berger Paints 509480 264.00
Auto Axles 505010 881.00 Wipro 507685 285.00
Suprajit Engg. 532509 280.00 Bajaj Auto 532977 3022.00
Financial Weekly

INVESTMENT
Nilesh S. Kotak
Value Buy (Mob. : 8866004076)
Indoco Remedies
Corporate Analysis
Company Profile
Indoco Remedies is a fully integrated research oriented Pharma Company.
Chairman: Mr. Suresh G. Kare
Managing Director: Mrs. Aditi Kare Panandikar
Indoco Remedies has 5 Subsidiary Companies.
- Indoco Healthcare Limited
- Xtend Industreal Designers
- La Nova Chem (India) Pvt. Ltd.
- Piramal Clinical Research
- Indoco Industreal Designers
Indoco Remedies has the turnover of 149 USD Million & the company employs over 5500 people.
Indoco has 9 manufacturing facilities. From them 6 facilities are for finished dosages & 3 for API
R&D Centre.
Indoco Remedies has the expertise in Anti Diabetics, Cardio Vascular, Central Nervous Sys-
tem, Musculo-Skeletal, Nutrition & Dental Care.
Indoco Remedies exports in Europe, USA, ASIA, Africa, Latin America & other CIS Countries.
Company operates in over 55 Countries.
Company has the approval of its finished Dosage facilities by the US FDA, TGA Australia, MCC
South Africa, SUKL Czech Republic, Anvisa Brazil, BfArM Germany, COFEPRIS Mexico, UK MHRA
etc.
Manufacturing Facilities : Goa Plant-I, II, III, Baddi, Waluj

R & D Centre : Rabale
Share Holding Pattern:
Promoter Group: 59.11%
Public: 40.89%
Mutual Funds: 8.48%
Foreign Investors: 12.77%
Banks: 0.01%
Others: 19.63%
Financial Weekly

INVESTMENT
Technical Analysis:
Market Cap: 1779.42 Cr.
Stock P./E.: 22.98, Industry P./E.: 24.42
Current Price: 199.10
Dividend Yield: 0.83%
Book Value: 71.80
Face Value: 2.00
Credit Rating
[ICRA]AA- (Stable) for Bank Loan Rating-Long Term from icra
[ICRA]A1+ for Bank Loan Rating-Short Term from icra
[ICRA]AA- (Stable) for Corporate Debt Rating-Long Term from icra
[ICRA]A1+ for Corporate Debt Rating-Short Term from icra
Some Important Aspects:
- Giving good amount of dividend to the share holders
- Book value is also very high and it's a positive sign.
- It has the approval of its plants from US-FDA, Darmstadt-Germany, TGA-Australia, MCC-
South Africa, UK-MHRA, SUKL-Czech Republic & having the global foot prints.
- From Goa Plant-II and Plant-III, they are exporting almost 68% Drugs to the US Market.
Advantages:
- Company has good consistent profit growth of 27.31% over 5 years
- Company has been maintaining a healthy dividend payout of 18.94%
Disadvantages
- Company is not paying the Tax though they have reported regular profits
- US FDA warning letter has been issued on 27/03/2017. 6 observations were identified. 4
observations have been cleared & US FDA NOC has been received. 2 minor observations are still
need to be justified. These observations are related to Opthalmic Drug Latonoprost. They are sell-
ing this drug with total value of 25 Cr. p.a.
- Apart from this they are manufacturing 18 Drugs & 9 Approvals are still pending.
- Sales & Profit margins have been impacted on quarterly basis.
Financial Weekly

INVESTMENT
Technical News : 18-9-2017 to 22-9-2017

Manu Consultants : Manishkumar - Kolkata
SEBI REG:- RESEARCH ANALYST- INH300002449
NIFTY FUTURE
NIFTY FUT SUPPORT AT 9700-9550 AND RESISITANCE 10165-10450
STRATEGY :- BUY BANK NIFTY ON DIPS TILL 24700 SL 24400 TA 25200-500
STOCKS F&O:-
JINDAL STEEL (148) :- BUY JINDAL ON DIPS TILL 144 SL 142 TA 158-65
TCS (2510) :- BUY TCS ON DIPS TILL 2480 SL 2470 TA 2580-2620
SOUTH BANK (29.30) :- BUY S.I BANK ON DIPS TILL 28.4 SL 28 TA 31-32
ESCORTS (670) :- BUY ESCORTS ON DIPS TILL 655 SL 640 TA 700-20
SELL STOCKS
SELL JSW ENERGY ON RISE TILL 83 SL 86 TA 72-65
SELL UJJIVAN ON RISE TILL 374 SL 380 TA 340-32
DELIVERY STOCKS
BUY TATA SPONGE SL 820 TA 1250
DISCLAIMER :- The Recommendations are based on technical analysis. There is a risk of loss
in trading.Please visit website www.dallalstreet.org for full disclaimer and disclosures.
Buy or Sell, Confused ?

Let the EXPERTS Help You
Join our Service for 1 Month & We are
Sure. You will be our Lifetime Member
Equity & Commodity Tips Call Us : 91-9930011789
www.shareinfoline.com
Financial Weekly

INVESTMENT
Terrific Shots - Dilip K. Shah
Skipper Ltd (Rs.218.00) (Code:538562) :- Kolkata-based company manu-

factures power transmission, telecom and tower, PVC, GI, SWR pipes and fittings. As against
equity of Rs10.23 crore, the company has reserves of Rs481 crore. The promoters hold 72.37%
stake and public hold 27.63% stake in the company. The stock prices went up to Rs240 and down
to Rs125 during the year. In June quarter, the company's income increased from Rs285.92 crore to
Rs432.72 crore, while profit increased from Rs13.72 crore to Rs15.98 crore, with EPS of Rs1.56.
The company's topline and bottom line both are growing and it is acquiring good orders from inter-
national markets. The stock is good option for investment as it may cross Rs250 level within six
months.
Hikal Ltd (Rs.220.00) (Code:524735) :- The company set up in 1988 has
presence in pharmaceuticals, biotech, agro chemicals and specialty chemical industries. It pro-
vides API, intermediate and R&D services. Its plants are USFDA approved. It has increased wealth
of the investors. As against equity of Rs16.44 crore, the company has reserves of Rs514.45 crore.
In June quarter, the company's income increased from Rs221.23 crore to Rs262.71 crore, while
profit increased from Rs10.96 crore to Rs13.32 crore with EPS of Rs1.60. It paid 50% dividend for
2016 and 30% interim and 30% final dividend for 2017.
Symphony (Rs.1407.00) (Code:517385) :- It is one of the leading air cooler
makers of India and has presence in 60 countries. The promoters hold 75% and public hold 25%
stake in the company. In June quarter, the company's sales decreased from Rs152.60 crore to
Rs129.85 crore, while profit decreased from Rs31.14 crore to Rs24.04 crore. It may come back in
near future despite poor results in June quarter. The company has given robust return since 2009.
It paid 200% dividend for 2017.
Dalmia Bharat (Rs.2780.00) (Code:533309) :- Cement and cement prod-
ucts manufacturing company is a leading cement manufacturer of South India. It has two plants in
Tamil Nadu and one plant in Andhra Pradesh with total capacity of 9 million ton. It also owns
45.4% stake in OCL India which has strong presence in Eastern States. It has strengthen its pres-
ence in Eastern State by acquiring Calcom Cement Plant in Meghalaya. In June quarter, the com-
pany witnessed consolidated income of Rs2058 crore, other income of Rs70.02 crore and net
profit of Rs199.58 crore. The good monsoon and government's push for infrastructure may help the
company and stock prices may cross Rs2900 level in short to medium term.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014 ; I and / or
my clients may have investment in this stocks I/My family have no financial interest or beneficial interest of more than 1% in the
company whose stocks I am recommending Stop loss is useful for Short / Medium Term investor Only Smart Investment will not
be responsible / liable for any loss arising out of investment based on tis advices Past performance may or may not be
substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
Financial Weekly

INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
Important Support for Index at 31915 and

Nifty Future at 10000
BSE Index (32272.61) :- It is moving upward from bottom of 31128.02. It shows towards oversold
position on daily basis, towards neutral on weekly basis and overbought position on monthly basis. Sep-
tember 21 and 22 will be gain turning days. On upward movement, beyond 32365 it may witness important
resisting level at 32687. On the downward movement, below 32073 it may get support at 31963 and 31915.
Nifty Future (10107.95) :- It shows improvement from bottom of 9710.10. It shows overbought position
on daily basis, towards overbought position on weekly basis and overbought position on monthly basis. On
upward movement, beyond 10150 it may go up to 10180, 10205, 10270 and 10260. On the downward
movement, below 10050 it may go down to 10000.
Bank Nifty Future (24853.00) :- It shows improvement from bottom of 23882.10. It shows overbought
position on daily basis, neutral on weekly basis and overbought position on monthly basis. On upward
movement, beyond 25000 it may get resisting level at 25260. It may get support at 24600.
Ajanta Pharma (1214.15) :- It is moving northward from bottom of 1135. It shows neutral position on
daily basis, towards neutral on weekly basis and oversold position on monthly basis. On upward move-
ment, beyond 1250 it may go up to 1271, 1300, 1315, 1360. It may get support at 1180.
Bank of India (164.70) :- It shows improvement from bottom of 137.30. It shows overbought position on
daily basis, oversold position on weekly basis and oversold on monthly basis. On upward movement,
beyond 158 it may go up to 162, 167.50, 171, 175, 180 and 185. On the downward movement, below 149 it
may get support at 147.
Lupin (1009.55) :- It shows improvement from bottom of 917.55. It shows towards overbought position
on daily basis, neutral on weekly basis and oversold on monthly basis. On upward movement, beyond
1024 it may go up to 1037 and beyond that to 1050, 1070 and 1090. On the downward movement, below
993 it may go down to 988 with support at 974.
OBC (133.50) :- It shows improvement from bottom of 116.10. It shows overbought position on daily
basis, neutral on weekly basis and oversold position on monthly basis. On upward movement, beyond 136
it may go up to 140, 144, 150, 154, 158 with resisting level at 161. On the downward movement, below 129
it may go down to 125.
Wockhardt (635.55) :- the stock is moving upward from bottom of 530.65. It shows towards overbought
position on daily and weekly basis, while oversold position on monthly basis. On upward movement, be-
yond 676 it may go up to 682, 692 with resisting level at 703. On the downward movement, below 625 it
may get support at 614.
disclosure : The Recommendations are based on technical analysis. There is a risk of loss in
trading.
-: Golden quote :-
Life is not always perfect, like a road,
it has many bends, Ups and down but thats its beauty
Financial Weekly

INVESTMENT
Dilip Davda Best Buy

e-mail Experts Eye Kamat Hotels,
dilip_davda@rediffmail.com Ganga Paper,
Jetking Info
Local support keeps market in a green zone

First two sessions of the week marked good gains as US-North Korean issue got diluted. How-
ever, recurrence of the US-North Korean issue once again from mid week kept market in a trading
zone and in last three sessions, on two occasions we marked divergent trends for benchmarks.
Nifty posted minor losses on Wednesday and Friday, but BSE Sensex marked positive closing
throughout the week. Despite all odds, local support kept our market in green zone for the week.
During the week, indices moved in the range of 10131.95-9968.80 and 32356.11-31797.89 for
NSE Nifty and S&P BSE Sensex respectively.
Secondary Market :- On Monday markets opened on a firm note and gained further with do-
mestic players support even when FIIs were the net sellers. NSE Nifty gained 71.25 points to close
at 10006.05 and BSE Sensex scored 194.64 points to end the day at 31882.16. Positive reports on
GST matter for Auto and Metal sector lifted sentiment for this counters that lead the rally and got
support from Oil and Gas and Cement counters. Banking counters too rallied on fresh support. A &
M Febcon got listed on BSE SME. Arifin India announced surprised bonus in the ratio of 2 shares
for every 1 share held.
On Tuesday too markets opened on a firm note and maintained positive trends with local sup-
port. NSE Nifty scored 87.00 points to end the day at 10093.05 and BSE Sensex gained 276.50
points to close at 32158.66. Local funds continued buying lifted fancy counters in Metal, Auto,
Pharma sector and got support from select Mid and Small cap counters. FIIs were the net sellers
while DIIs were the net buyers. Nouritrans got listed on BSE SME.
On Wednesday markets opened flat but on a positive note, but with range bound movement, it
closed with divergent trends. While NSE Nifty marked loss of 13.75 points to close at 10079.30,
BSE Sensex scored mere 27.75 points to end the day at 32186.41. Weak global trends with
Eurozone issue irrupting, profit booking was marked in our markets. Metal, Oil and Gas, Auto
counters lead the doom and got support from selling spree in Mid and Small cap counters. FIIs
remained net sellers for the day, while DIIs were the net buyers. Surge in bulls darling Reliance
arrested the slide of indices.
Opening on a positive note on Thursday market moved in a narrow range and managed to close
in green with small gains. NSE Nifty gained mere 7.30 points to end the day at 10086.60, mirroring
similar trends, BSE Sensex scored just 55.52 points to close at 32241.93. Surge in Banking, Oil
and Gas, Metal and Pharma counters helped indices to be in green. Select Mid and Small cap
Ex-Split
Nesco (5 for 1) Dividend Announcements During the
Week
Bonus Announced Nandan Denim (16%), National
Steel (5%), Kridhan Infra (10%),
Arifin India (2 : 1)
Pee Cee Cosma (25%), Kanchi
Infinite Computer (1 : 26) Karpooram (15%) etc.
Financial Weekly

INVESTMENT
counters too rallied on fresh support from local operators. FIIs were the net sellers for the day while
DIIs were the net buyers. Infinite Computer announced bonus in the ratio of 1 share for every 26
shares held to non-promoter stakeholders.
On Friday following US-North Korean issue irrupting again kept global markets on their toes
and we too marked tremors with negative opening for the day. However, at the close of the last
session of the week, indices managed to close flat but with divergent trends. While NSE Nifty
marked mere loss of 1.20 points to close at 10085.40, BSE Sensex posted gain of just 30.68 points
to end the day at 32272.61. Thus both benchmarks closed at respectable levels of 10K and 32.25K
plus. IT, Oil and Gas, Metal counters were up while Banking, Telecom, Power sector counters
were down. FIIs and DIIs were the net buyers for the day. Nesco turned ex-split (5 for 1). Capacit'e
IPO got over 183 times subscription with HNI subscription creating a record of 638+ time subscrip-
tion.
In a week of local support despite geopolitical tension, NSE Nifty and BSE Sensex marked net
weekly GAINs of 150.60 and 585.09 points respectively.
While Rupee moved around Rs. 64.05 a dollar, geopolitical issue kept Crude Oil above 55$ a
barrel. Market will now eye Q2 advance tax data coupled with US-North Koran issue that will
dominate for a while. FIIs are seen on a selling mode for past few weeks but domestic players kept
market in limelight despite all odds. Recent IPOs are likely to impact secondary market funding for
a while.
Amidst such a scenario, NSE Nifty and BSE Sensex may hover between 10300-9750 and 32750-
31500 respectively for the ensuing week.
Scrip Watch :- Investors may keep following scrip on radar that is gaining grounds with better
performances:
Kamat Hotels (BSE Code: 526668) :- This hospitality sector company has reported
net profit of Rs. 13.04 crore on a turnover of Rs. 37.59 crore for Q1 of FY18 against loss of Rs 1.42
crore on a turnover of Rs. 37.83 crore for the corresponding previous period. For FY17 it posted net
profit of Rs. 40.58 crore on a turnover of Rs. 164.52 crore. Q1 net profit includes exceptional
income of Rs. 6.29 crore. As on 30.06.17 it's paid up equity capital of Rs. 24.17 crore had a nega-
tive figure of Rs. 82 crore (carried forward losses). Considering turnaround, scrip may be consid-
ered at declined levels for medium to long term investment. It currently quotes around Rs. 88.70
against 52 week High/Low of Rs. 105/26, FV Rs.10.
Ganga Paper (BSE Code: 531813) :- This paper product company (erstwhile known
as Kasat Paper) has posted net profit of Rs. 0.30 crore on a turnover of Rs. 21.81 crore for Q1 of
FY18 against net profit of Rs. 0.24 crore on turnover of Rs. 18.00 crore for the corresponding previ-
ous period. For FY 17 it earned net profit of Rs. 1.74 crore on a turnover of Rs. 81.29 crore. As on
30.06.17 it's paid up capital of Rs. 10.79 crore is having a negative figure of Rs. 0.60 cr. (carried
forward loss). It might clear the balance losses by the end of current fiscal. Scrip may be consid-
ered at declined levels for medium to long term investment. It currently quotes around Rs. 23.45
against 52 week High/Low of Rs. 23/10, FV Rs. 10.
Jetking Info (BSE Code: 517063) :- This IT training service provider company has
posted net profit of Rs. 0.42 crore on a turnover of Rs. 7.92 crore for Q1 of FY18 against loss of Rs.
0.07 crore on a turnover of Rs. 6.11 crore for the corresponding previous period. For FY17 it earned
net profit of Rs. 0.57 crore on a turnover of Rs. 27.16 crore. As on 31.03.17 it's paid up equity
capital of Rs. 5.90 crore is supported by free reserves of Rs. 39 crore plus. Scrip may be consid-
ered for medium to long term investment. It currently quotes around Rs. 51.50 against 52 week
High/Low of Rs. 58/36, FV Rs. 10.
DISCLAIMER : No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities,
or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no
circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual
investment decisions, based on information published here. Any reader taking decisions based on any information published here does so
entirely at own risk. Above information is based on the details available as on the date along with market perceptions. Author has not traded
in above three stocks mentioned in Scrip Watch during last one month and has no holdings or plans to invest in any scrip referred above.
(THE AUTHOUR IS SEBI REGISTERED RESEARCH ANALYST) (Email: dilip_davda@rediffmail.com )
Financial Weekly

INVESTMENT
Scrip Watch - Dilip K. Shah
Titan (Rs. 631.00) (Code : 500114) (F. V. : 1.00) :- Two things triggered some
uncertainty post the last festive season, which is demonetisation immediately after Diwali last year
and goods and services tax (GST) that has followed. Inspite of that Titan Company has been on a
tear with nearly 100 percent gain so far this year. GST is major boost for the company. Formal and
mid-market watch companies will benefit from GST implementation.On eyewear front, the com-
pany sees a bright future for the eyewear business despite high competition. There seems a re-
vival in same-store-sales-growth in watches segment.GST on gold jewellery is just at 3 percent.
Some consumers are not even aware that it is reasonable and 1 percent excise duty and 1 percent
value added tax (VAT) was anyway being charged by companies like Titan. Still, it is not a very
large impact and in reality prices haven't gone up. So, the stock looks attractive at this level.
Hindalco (Rs. 247.00) (Code : 500440) (F. V. : 1.00) :- Hindalco Industries, an
Aditya Birla Group company, plans to prepay another Rs 1,100-crore debt this month to further
deleverage its balance sheet. The company has already repaid Rs 7,815 crore and plan to repay
another Rs 1,100 crore in the current month, which will save interest cost of Rs 800 crore in the
current fiscal. It has successfully raised USD 500 million through a qualified institutional place-
ment (QIP). The company's overseas subsidiary Novelis also refinanced USD 4.3 billion of its long
term debt. The annual cash interest expense stands reduced by USD 79 million. In an environment
of mixed economic signals, Hindalco's registered a record consolidated EBITDA at Rs 13,547
crore on a turnover of Rs 102,631 crore in FY 17.Both aluminium and copper businesses in India
and Novelis registered robust operational performance.With the new coal linkage in FY2017, coal
security improved to over 60 per cent of the annual requirement of the domestic aluminium busi-
ness. The stock has jumped more than 25 per cent in last three months. Still, it is a good stock to
buy. Buy in phased manner.
Cadila HC (Rs. 481.00) (Code : 532321) (F. V. : 1.00) :- Drug firm Zydus Cadila
on Friday said it has received approvals from the US health regulator for its Modafinil and Solifenacin
Succinate tablets, and the drugs will be manufactured at Ahmedabad facility.The company has
received final approval from the United States Food and Drug Administration (USFDA) to market
Modafinil tablets USP in the strengths of 100 mg and 200 mg. The product is indicated to improve
wakefulness in adult patients with excessive sleepiness associated with narcolepsy, obstructive
sleep apnoea or shift work disorder. The group has also received the tentative approval for
Solifenacin Succinate tablets in strengths of 5 mg and 10 mg. The group now has more than 150
approvals and has so far filed over 300 Abbreviated New Drug Applications (ANDAs) since the
commencement of the filing process by the company. Cadila stock was very much firm even when
most of the pharma stocks were tumbling few days ago. Accumulate.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; I and / or my clients may have investment in this
stocks I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending Stop loss is useful for Short /
Medium Term investor Only Smart Investment will not be responsible / liable for any loss arising out of investment based on tis advices Past performance may or may
not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
Financial Weekly

INVESTMENT
Market Tips - Dilip K. Shah
Fiem Ind. (Rs. 939.00) (Code : 532768) (F. V. : 10.00) :- Fiem Industries is
engaged in lights, signalling equipment and parts; rear view mirror and parts; plastic molded
parts, and light-emitting diode (LED) luminaries business. FIEMs growth is expected to
continue aided by strong growth prospects of its two biggest clients namely Honda Motor-
cycle and Scooter India (HMSI) and TVS Motor. Q1FY18 top-line performance was above
estimates as auto segment posted strong growth. Had it not been for issues in LED busi-
ness, the performance would have looked much stronger.Recently FIEM has faced several
issues in its LED business, due to an unfavourable business environment. However, FIEMs
medium-to-long-term growth opportunity as the company continues to remain a strong 2W
auto ancillary company. Also, the management is working on several fronts to get the LED
business on track.The stock is worth accumulation.
Eicher Motors (Rs. 31956.00) (Code : 505200) (F. V. 10.00) :- Eicher
Motors stock has corrected from Rs.32600 to Rs.31900 level in last five trading sessions. It
looks it is better to enter into this counter. Delayed entry is not denied entry. The stock is
worth accumulation. Eicher Motors is revving up to make a binding offer to acquire the iconic
Italian superbikes Ducati for $1.8 billion-$2 billion -- a move, if successful, will further power
its portfolio, brand equity, global reach and access to technology.While Enfield makes large
volumes in the 350-500cc segment, the Italians are into superbikes with engine capacity
between 800cc and 1,200cc. This is a trophy asset and perfectly compliments Lal's global
vision.Meanwhile, Royal Enfield sales in the month of August stood at 67,977 units, higher
by 22 percent over same month last year. It was driven by sales of models with engine
capacity up to 350cc that increased 29 percent to 63,637 units. Exports during the month
grew by 12 percent to 1,105 units compared with 986 units sold in overseas markets in
corresponding month of previous year.The stock is worth accumulation at every decline.
Wipro (Rs. 285.00) (Code : 507685) (F. V. : 2.00) :- Wipro buyback offer has
closed last week. India's third-largest software services firm had in August approved Rs
11,000-crore buyback proposal. Share buybacks improve earnings per share and return
surplus cash to shareholders while also supporting share price during periods of sluggish
market conditions.As on June 30, 2017, Wipro had 'cash and cash equivalents' of Rs 5,432
crore on its books and 'investments' of Rs 31,772 crore, totalling Rs 37,204 crore. Mean-
while, Wipro Limited has said that it will partner with an open source project Hyperledger to
design and develop open source-based blockchain solutions for enterprise-grade blockchain
deployments.Hyperledger is a global open source collaborative effort created to advance
cross-industry blockchain technologies across sectors such as finance, banking, Internet of
Things, supply chain, manufacturing and technology. Invest.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; I and / or my clients may have investment in this
Financial Weekly

INVESTMENT
SMART TIPS Smita N. Zaveri
JK Tyres (Rs. 150.00) (Code: 530007) :- Shares of A group listed JK Tyres

have face value of Rs. 2. The shares touched a high of Rs. 186 and low of Rs. 106 in the last 52
weeks. The company has manufacturing plants in Mysore, Chennai and other places. For the June
2017 quarter, JK Tyres reported income of Rs. 1,806 crores and loss of Rs. 118 crores. However,
it is expected to report better numbers going ahead. There is a strong possibility of anti-dumping
duty being levied on tyre imports from China and other countries. Tyre companies are also gearing
up for 6-8% hike in prices shortly. The stock can be seen crossing the 52-week high price in the
coming quarter and over Rs. 200 in the medium to long term.
Suprajit Engineering (Rs. 282.00) (Code: 532509) :- The shares of
this auto parts and engineering sector company are listed in B group and have face-value of Re. 1.
In the last year, the shares touched a high price of Rs. 337 and low of Rs. 174. A leading auto
sector company, it has the capacity to produce 225 million cables in a year. Its clients include top
Indian and some global auto companies. It has 14 plants, including 13 in India and one in UK. The
company is now shifting its focus from 2-wheelers to 4-wheelers. For June 2017 quarter, Suprajit
reported income of Rs. 322 crores and profit of Rs. 22.61 crores. The share is trading at an esti-
mated PE of just 36 (60 in the case of its peers), and is very attractively priced. The stock can be
seen crossing Rs. 300 in the short term and touching Rs. 350 in 2-3 quarters.
Alkali Metals (Rs. 77.00) (Code: 533029) :- The shares of this specialty
chemicals company are listed in the T Group and have face value of Rs. 10. The shares touched a
52-week high of Rs. 107 and low of Rs. 48. Its products are used in various pharma, agro-based
products, pesticides, explosives, among others. Its main clients include Dr Reddy's, Rallis, Gran-
ules India, Punjab Alkali, among others. It also has several reputed clients overseas. Promoter
holding in the company is almost 70%. For June 2017 quarter, the company reported income of Rs.
15.53 crores (6% higher than last year), net profit of Rs. 0.26 crores (17% jump), and EPS of Rs.
0.26. Looking at its strong performance in Q1, the stock is likely to outperform going ahead.
Sintex Plastic Technologies (Rs. 106.00) (Code: 540653) :- The
company's shares are listed in the B Group and have face value of Re. 1. The share touched a high
of Rs. 136 and low of Rs. 100. The Kalol-based company was just recently demerged from Sintex
Industries. Its products have strong demand not only in India but also overseas. Its clients include
some Fortune 500 Companies. The company has strong cash flow, which in absence of expan-
sion plans, it can use to quickly reduce debt levels. This could lead to re-rating of the stock. The
company has reduced focus on low value production and is eyeing value added works. Reports
suggest that it will also foray into real estate development in the coming days. It is likely to touch
turnover of Rs. 6,595 crores and net profit of Rs. 480 crores. The stock can be bought with a target
price of Rs. 150 in 2-3 quarters.
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 15th September 2017
unless specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. Though, every care has been taken,
we will not responsible for any errors / omissions All disputes are subject to Ahmedabad jurisdiction
Financial Weekly

INVESTMENT
Smart super duper - Dilip K. Shah
APL Apollo (Rs 1799.00) :- It is active mainly in tubeless tyre segment. The FIIs
are increasing holdings in it and IDFC, DSP, HDFC and other mutual funds are also holding a big
stake in the company. In June quarter, the company's income increased from Rs1127.5 crore to
Rs1155.62 crore, while profit decreased from Rs41.44 crore to Rs38.84 crore with EPS of Rs16.43.
The company had paid 60% dividend for 2015, 100% for 2016 and 120% for 2017.The stock can
be bought in two-three phases. It may show higher valuation within a year.
Bhageria Ind (Rs.273.00) (Code:530803) :- The company's market capital
is Rs436. The promoters hold 50.17% and public hold 49.83% stake in the company. As against
equity of Rs7.96 crore, the company has reserves of Rs103.42 crore. It paid 100% dividend for
2017. In June quarter, the company's income decreased from Rs93.72 crore to Rs81.09 crore,
while profit also decreased from Rs9.08 crore to Rs4.13 crore with EPS of Rs2.59. It manufactures
dyes and dyes intermediates. Dyes and pigment segment has performed well in last three years.
The negative impact on income and profit may get removed in the next quarters. The stock prices
have witnessed a huge correction. It is also being quoted at single digit PE so becomes attractive
for investment in phased manner.
Future Life Style (Rs.374.00) (Code:536507) :- Kishore Biyani pro-
moted company's shares have witnessed a bullish trend in recent times and stock prices have
doubled in short period of time. The company owns more than two dozen brands and its 400 stores
are spread over more than 5 million square feet retail space. As against equity ofRs38 crore, the
company has reserves of Rs1884.28 crore. In June quarter, the company's income increased from
Rs803.79 crore to Rs1031.36 crore, while profit increased from Rs3.53 crore to Rs23.52 crore with
EPS of Rs1.24. It owns famous brands like Lee Cooper, Urban Yoga and John Miller and famous
outlets like Brand Factory. It may seem a bit costly in short time but it can witness strong growth so
can be bought in phased manner.
Rama Steel Tube (Rs.175.00) (Code:539309) :- The company's promot-
ers hold 61.53% stake, while public hold 38.65% stake in the company. As against equity of Rs8.02
crore, the company has reserves of Rs40.15 crore. In FY2017-18, the company's income increased
from Rs243.28 crore to Rs260.05 crore, while profit increased from Rs6.02 crore to Rs9.07 crore.
In June quarter, the company's income increased from Rs65.61 crore to Rs71.47 crore while profit
increased from Rs2.61 crore to Rs3.25 crore with EPS of Rs1.95.The company manufactures
steel tubes and it exports its products to 20 countries. It has three plants at Mumbai and Sahilabad.
The stock may witness high fancy riding on good performance of the sector and may cross Rs200
level.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; I and / or my clients may have investment in this
Financial Weekly

INVESTMENT
Investment Ideas telegram.me/rupeegains7
Article by www.rupeegains.com Some Smart Recommendations

As per ASTRO TECHNO view 18 Sep-
tember, 20 September, 22 September
in last 7 Months
and 25 September are very important Stocks Rec. High (%)
turning and crucial dates for market. Rate After
Recco.
NIFTY BHARAT SEATS 64.65 201.3 211%
For nextweek NIFTY has strong sup- NATH BIO 148 459 210%
port around 10030 levels. Break will take GOA CARBON 140.45 391 178%
it to 9970/9910 levels. On the upper side SAKUMA EXPORTS 70 154 120%
KOLTEPATIL 102.5 216 111%
NIFTY will face strong hurdle at 10137
HILTON METAL 26 54 108%
levels, cross over with volume and close
TALBROS ENG 306 630 106%
above will create short covering at take
MEGHMANI 44.4 87.1 96%
NIFTY up to 10175/10225 levels
ONWARD TECHNO 75 140.4 87%
BANK NIFTY HISAR METAL 50 91.75 84%
LKP FINANCE 80.45 147.5 83%
For next week BANK NIFTY has strong BNK CAPITAL 67.4 120.5 79%
support around 24670 levels. Break will JMC PROJECT 246.45 432 75%
take it to 24450/24275levels. On the up- GTN TEXTILE 17.4 29.5 70%
per side BANK NIFTY will face strong PHYTOCHEM 51.55 85 65%
hurdle at 25005 levels, cross over with FRONTIER SPRING 72 113 57%
volume and close above will create short ROYAL ORCHIED 86 132 53%
covering at take BANK NIFTY up to VIMTA LAB 109 164.3 51%
25200 levels EON ELECTRIC 64 95 48%
To get free information for trading, in- GRAUER & WEIL 40 59 48%
vestment, IPO, SME IPO join with my tele- RDB RASAYAN 47 68 45%
gram ID "TELEGRAM.ME/RUPEEGAINS7". AJMERA REALTY 177.2 252 42%
Also inform your friends/relatives who are INDO AMINES 77.2 108.5 41%
interested in stock market & want to create MUNJAL AUTO 54.5 76.35 40%
wealth from stock market to join my tele- SREE RAYALASEEMA 30.3 42.3 40%
gram id "TELEGRAM.ME/RUPEEGAINS7".
VINYL CHEM 70.75 97 37%
For that in your mobile download app TELE-
GRAM & then in search type
JINDAL SAW 84 114.4 36%
RUPEEGAINS7 & then click on join. AVT NATURAL 37.75 51 35%
RCF 79 106.5 35%
RUPEEGAINS7 - CROSS ANOTHER
MILESTONE9511+ satisfied group mem- PATSPIN INDIA 23 31 35%
bers. GMR INFRA 16.6 22 33%
For join in FREE WHATS APP group of P G FOILS 124 161 30%
Rupee Gains, Send ADD request with your INDIA GLYCOL 181.6 230 27%
name & city on WHATS APP number MRPL 119 143.5 21%
9638322864. VIPPY SPINPRO 53.55 61.4 15%
Cont....
Financial Weekly

INVESTMENT
SHORT TERM to MEDIUM TERM IN-

VESTMENT IDEAS
LACTOSE (INDIA) LTD (524202) (178) (Face Value Rs.10) :- For Q1FY18, net
sales zoomed 22.83% to Rs.9.09crore while it has reported net profit of iRs.1.14crore against loss
of Rs.12lakh. Its new plant and Asia's biggest plant will start from October 2017.
Buy with stop loss of Rs.167. On the upper side stock will zoom up to Rs.200 levels in short
term
VAKRANGEE LTD (511431& NSE)(499.3) (Face Value Re.1) :- Vakrangee
Limited, a technology company, provides banking, insurance, e-governance, e-commerce, and
logistics services in India. Today, it is became Rs.26400crore company. It has reported 38% CAGR
growth in PAT in last five years. Buy with stop loss of Rs.470 for an upper target of Rs.550-560 in
short term
PURAVANKARA LTD (532891& NSE) (79.1) (Face Value Rs.5) :- Puravankara
is South India's leading real estate developer with an established presence in residential segment
comprising of luxury and premium affordable housing projects.For Q1FY18, net profit soared 62.69%
to Rs.16.66crore on 8.71% higher income of Rs.338.49crore fetching an EPS of Rs.0.70. Buy with
stop loss of Rs.65 for an upper target of Rs.115/135 in medium to long term
GUJARAT SIDHEE CEMENT LTD (518029 & NSE) (30.1) (Face Value Rs.10)
: - Promoted by Maheta family, Gujarat Sidhee Cement Limited (GSCL) markets cement under the
brand name Sidhee. The Company manufacturers Oridanary Portland Cement (OPC) 53 grade,
43 grade, Portland Pozzolana Cement (PPC) types of cement and clinker. The Company exports
its products to Africa, Middle East companies, Sri Lanka and Bangladesh.
It has an equity base of Rs.86.21crore. It has a share book value of Rs.18.39& price to book
value ratio is just 1.64 which is reasonable. The promoters hold 71.94% while investing public
hold 28.06% stake in the company. During Q1FY18, SIL reported 169.47% higher PAT of
Rs.8.65crore against Rs.3.21crore in Q1FY17 on higher income of Rs.138.89crore fetching an
EPS of Rs.1. One can buy with stop loss of Rs.27. On the upper side, it could zoom to Rs.35.5/40
levels in short to medium term
DYNAMIC INDUSTRIES LTD (524818) (71)(Face Value Rs.10) :- Founded in
1989, Dynamic Industries Limited manufactures and sells dyes, chemicals, and pigments in India.
Situated at Gujarat Industrial Development Corporation (GIDC), Vatva, Ahmedabad, India, the prod-
uct palette of Dynamic Industries primarily includes acid, direct and reactive dyes, which, by them,
are a benchmark in quality. Company exports its products to Germany, the United States, South
Korea, China, Taiwan, Italy, Turkey, Switzerland, Russia, Pakistan, Spain, Brazil, and Argentina.
It has an equity base of just Rs.3.03 cr. that is supported by reserves of around Rs.16.08 cr. It
has a share book value of Rs.73.4 & price to book value ratio works out at Rs.0.95 which is impres-
sive in this sector. The promoter holding in DIL is 49.97% while the investing public holds 50.03%
stake in the company. For FY17, DIL's PAT soared 39% to Rs.1.78 crore from Rs.1.28 crore on
27% higher sales of Rs.46.26 crore fetching an EPS of Re.5.88. After reporting fantastic numbers
in the last year, it has again reported superb numbers for Q1FY18 with 31.37% higher PAT at
Rs.0.67 crore on YoY basis (PAT zoomed 36.37% on QoQ basis). Sales were higher on YoY at
Rs.13.83 crore and EPS was Re.2.22. Currently, the stock trades at a P/E of 10.9x. It has paid 10%
dividend for FY17.
We know that China has banned these products as they cause pollution. As a result the prices
of these products have gone up. Most of companies have come out with strong numbers for FY17
Financial Weekly

INVESTMENT
& we are expecting strong numbers will continue in FY18 also.

We recommend a buy in the stock of DIL from a medium to long term perspective with stop loss
of 62 levels for the target of Rs.90/110.
Lastik : Till DIWALI keep strict stop loss in your any trade and or investment.
Disclosures : At the time of writing this article, author, his clients & dependent family members
may have positions in the stocks mentioned above. The author, his firm, his clients or any of his
dependent family members may make purchases or sale of the securities mentioned in website.
Author may have positions in above stocks so have vested interest obviously in their going up or
down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable &
authenticated sources believed to be true & correct, and also is technical analysis based on &
conceived from charts. Investors should take their own decisions. We assume no responsibility for
any transactions undertaken by them. The author won't be liable or responsible for any legal or
financial losses made by anybody.
Nayan Patel
DURING MARKET TIME TO GET FREE INFORMATION FOR TRADING
& INVESTMENT & GET INFORMATION REGARDING MARKET
JOIN ON TELEGRAM WITH MY ID
Telegram
TELEGRAM.ME/RUPEEGAINS7
WhatsApp FOR JOIN FREE WHATSAPPP GROUP OF
RUPEEGAINS SEND ADD REQUEST WITH YOUR
096383 22864 NAME & CITY ON WHATSAPP NUMBER 9638322864
rupeegains7@gmail.com 98795 26525

MORE THEN 9511 SATISFIED MEMBER. TO GET FREE INFORMATION FOR TRADING,INVESTMENT, IPO,
SME IPO,GREY MARKET PREMIUM & OTHER MARKET RELATED INFORMATION JOIN,WITH MY TOTALY FREE
EDUCATIONAL TELEGRAM CHANEL "RUPEEGAINS7". ALSO INFORM YOUR FRIENDS & RELATIVES WHO ARE
INTERESTED IN STOCK MARKET & WANTS TO CREATE WEALTH FROM STOCK MARKET TO JOIN MY
TELEGRAM CHANEL "RUPEEGAINS7". FOR THAT IN YOUR MOBILE DOWNLOAD APP TELEGRAM &
THEN IN SEARCH,TYPE RUPEEGAINS7 & THEN CLICK ON JOIN.
NAYAN PATEL website: www.rupeegains.com
WHATS UP NUMBER 096383 22864 NON WHATS UP NUMBER 098795 26525
Financial Weekly

INVESTMENT
MARKET TREND NIKHIL BHATT

(+919979380808)
WWW.INVESTMENTPOINT.IN
PERIOD : 18-9-2017 to 22-9-2017
NIFTY FO RANGE @ 9970 TO 10202 POINT IN SHORT TERM!!!

Dear Friends,
NIFTY FO CLOSED @ 10095 AS ON 15.09.2017..!!
NIFTY FO has resistance at 10073 - 10101 Level; above which other resistance levels are at
10133 - 10173 Level with highly Volatile Trend.
In Downside support levels are at 10001 - 9970 Level; below 9970 Level, other support levels
are at 9947 - 9930 Levels.
I am positive for next week above 10173 Level but be with the trend. Let the market decide
further moves. As we are saying from many days Buying is suggested in falls only...and it's still a
better strategy in the given Scenario...!!! Regarding long term positions, it is preferable to remain
cautious now...!!
If NIFTY crosses 10173 Level, again then the upper side target is quite high and it may touch
10202 Level in short term...!!!
GOLDEN STOCKS FOR THE PERIOD: 18.09.2017 TO 22.09.2017
1. HDFC BANK (1839) : It is suggested to buy @ Rs 1827 with SL of Rs 1821 for the target
of Rs 1854 - 1867; below Rs 1821 it can fall up to RS 1813 - 1803 levels. If it crosses Rs 1871 level
than expect nonstop rally up to Rs 1837....!!
2. NIIT LTD (113) : Operator based Game start in this stock, BUY @ Rs 107 With SL of Rs
103 for the target of Rs 123 - 130 level below Rs 103 it can show further downfall up to Rs 99!!!
3. TIMES GUARANTY (63) : Buy delivery of this stock near @ Rs 57 with SL of Rs 54 for
the target of Rs 70 - 74 level. It is very good for medium term position also!!!
4. MAAN ALUMINIUM (101) : This stock is looking very good to buy @ Rs 96 with SL of
Rs 91 for the target of Rs 111 - 120 Levels below Rs 91 is stock shall witness free fall!!!
5. GPT INFRA (168) : Buy @ Rs 160 levels considering minor support of Rs 157 and stop
loss of Rs 153 for an upper target of Rs 180 - 186 levels. Below Rs 153 it can slip up to RS 150 -
147 levels!!!
6. ARROW TEXTILES (48) : Operator based buying has been there in this stock. Buy @
Rs 40 with SL of Rs 37 for the 1target of Rs 54 - 60 levels it is very good for long term position
also!!!
7. GLOBAL OFFSHORE (36) : Trading point of view BUY @ Rs 30 With SL of Rs 27 for
the target of Rs 44 - 50 level below Rs 23 It can show further downfall up to Rs 20..!!!
8. GTPL HATHWAY (140) : Buy delivery of this stock near @ Rs 133 with SL Rs 127 for
the target of Rs 153 - 160 level. It's very good for long term position also!!!
9. KMSUGAR (24) : For medium term buying is suggested @ Rs 20 with SL Rs 18 for the
target of Rs 29 - 33 level. Below Rs 18 it can show further downfall!!!
10. YES BANK (1845) : It is suggested to SELL with SL Rs 1857 for the target of Rs 1833
- 1827 below @ Rs 1827 it can slip up to Rs 1820 - 1808 level. Above Rs 1857 level will take the
stock to Rs 1870 - 1877!!!
Financial Weekly

INVESTMENT
Primary Market - Dilip K. Shah
Calendar Year 2017 is very auspicious for Primary market

Till now 24 IPOs have raised total Rs28257 crore fund
In September only 7 IPOs will raise Rs16,730 crore
This week including three mainline IPOs 13 IPOs to hit the market
Out of 10 SME IPOs three will be from BSE and seven from NSE
Capacit'e IPO creates record with 186 times subscription
Matrimony.com IPO got poor response except retail
ICICI Lombard, SBI Life and Prataap Snacks to rattle the market this week
All eyes on listing of Dixon and BRNL on September 18: Dixon listing could be volatile
Ahmedabad-based Innovative Tyres' IPO will create attraction on NSE SME
Vanta Biosciences' BSE SME IPO has fixed offer price of Rs50 despite zero track record
How will be subscription and allotment in ICICI Lombard and SEBI Life issues?
How and when will be listing of Capacit'e Infra, BRNL and Matrimony?
Sagar Diamond's BSE SME IPO may witness fancy in last days
In Seven months 12 government owned companies to enter into the market
Godrej Agrovet's Rs1000 crore issue gets Sebi nod
Prediction that Capacit'e Infra's IPO may get 12-15 times subscription came true
Financial year 2017 has been auspicious for the primary market as 19 compa-
nies have come up with issue and raised total 12825 crore from the market. Total
6.17 lakh investors made their bids for the stocks.
It should be noted that in the current calendar year total Rs28,257 crore will be
raised from the market of which Rs16730 crore will be raised in seven months
only. So September has been revolutionary month for primary market.
Out of total 13 IPOs hitting the market this week, three IPOs are mainboard
IPOs.
* Mainboard IPOs:-
Matrimony.com :- The issue with offer price of Rs983 to 985 crore got closed
on September 14 with 4.44 times subscription. It got 1.88 times subscription in
QIB, 0.41 times in HNI, 18.16 times in retail and 3.20 times in employee category.
Financial Weekly

INVESTMENT
Main - line IPO (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 %
1. ICICI 15-9-17 86,247,187 Eq. Shares 651 to 661 22 Shares 132 Shares 286 Shares BSE Edelweiss 42 % Apply
Lombard 19-9-17 OFS for Fresh Issue By (F. V. Rs. 5) (Rs. 14542) (Rs. 87252) (Rs. 189046) NSE J.M. Fin. For
(Book Building) ICICI Bk. : 31,761,478 Eq.Share Long
OFS by FAL : 54,485,709 Eq. Share Term
(Rs. 5700 Cr.)
2. SBI 20-9-17 12,00,00,000 Eq. Shares 685 to 700 21 Shares 126 Shares 273 Shares BSE Axis Cap., BNP 44 % Apply
Life Insurance to (Rs. 8400 Cr.) (Rs. 14700) (Rs. 88200) (Rs. 191100) NSE Deutsche Eq. Mid to
(Book Building) 22-9-17 ICICI Sec., JM Fin., Long
Kotak Mah., SBI Term
3. Prataap 22-9-17 Fresh Issue : Rs. 250 Cr. 930 to 938 15 Shares 105 Shares 210 Shares BSE Edelweiss Cap. Next Week
Snacks Ltd. to + OFS : 30,05,770 Shares (F. V. Rs. 5) (Rs. 14070) (Rs. 98490) (Rs. 196980) NSE JM Fin.,
(Book Building) 26-9-17 Total Size : Rs. 531.94 Cr. Spark Cap.
Listing :- It may get listed on Sep- Grey Market Premium

IPOs Offer Price Premium Kostak Price Subject to Sauda
Name (Rs.) (Rs.) Min.Appl.(Rs.) (Confirm) (Rs.)
tember 21 around Rs1000-1050. It Bharat Road 205 2 (Seller)
DixonTech. 1766 690 to 700
may get listed in discount if the mar- Matrimony. 983 to 985 18 to 20 -- --
Capacite Infra 245 to 250 145 to 150 525 7,200
ket condition doesnot favour. It is ICICI Lombard 651 to 661 14 to 16 325 to 350
SBI Life 685 to 700 23 to 25 475 to 500
better to book profit if you have got Prataap Sn. 930 to 938 350
Sagar Diamond 40 to 45 1200 13,000
shares. Worth Peri. 40 to 43 10,000
Do not subscribe for IPO by just seeing premium price as it may change anytime
before listing : Subscribe only considering fundamental of the Companies
Capacit'e Infra Projects :- The For latest grey market premium please check everyday
www.smartinvestment.in
issue with price band of Rs245-250
got 186.77 times subscription including 134 times in QIB, 651 times in HNI and
17.93 times in retail category.
It should be noted that Smart Investment had correctly predicted that it will get
more than 12-15 times subscription in retail category.
Allotment :- The allotment may take place on September 21 and fund will be
ICICI Lombard unblocked and shares may be deposited in

account on September 22. The retail inves-
tors may get shares in ratio of 1:15.
Listing :- The issue may get listed on Sep-
IPO Opened on 15th Sept. &
Closes on 19th Sept.; tember 25 around Rs350-375 and if market
Price Band Rs. 651 to 661
Financial Weekly

INVESTMENT
Tentative Timetable for Current IPOs Bharat Road Network
Tentative Bharat
Road
Dixon Matrimony
Tech. . Com
Capacite
Infra
ICICI
Lombard
SBI
Life
Basis of Allotment
CategoryShares Ratio CategoryShares Ratio
Issue Closes 8-9-17 8-9-17 13-9-17 15-9-17 19-9-17 22-9-17
Allotted Allotted
Finalisation of Basis of Allotment 13-9-17 13-9-17 19-9-17 21-9-17 22-9-17 27-9-17
73 73 41 : 188 584 73 2:9
Refund / Unblocking of Fund from ASBA 14-9-17 14-9-17 20-9-17 22-9-17 25-9-17 28-9-17
Credit of Equity Shares to Demat A/c.14-9-17 15-9-17 20-9-17 22-9-17 26-9-17 29-9-17 146 73 41 : 188 657 73 2:9
Listing on BSE / NSE 18-9-17 18-9-17 21-9-17 25-9-17 27-9-17 3-10-17 219 73 41 : 188 730 73 43 : 196
292 73 41 : 188 803 73 5 : 24
Prataap Snacks 365 73 41 : 188 876 73 9 : 43
Retailers may apply conditions favours it may cross 438 73 67 : 308 949 73 41 : 188
Shares Amt. Shares Amt. 511 73 51 : 232
15 14070 120 112560 Rs400 level. Once it cross Rs400
30 28140 135 126630
45 42210 150 140700
60 56280 165 154770 mark, book 50% profit.
75 70350 180 168840
90 84420 195 182910 * This week's main board IPOs:-
105 98490 210 196980
ICICI Lombard ICICI Lombard :- The issue with offer price of Rs651-
Retailers may apply
Shares Amt. Shares Amt.
22 14542 154 101794 661 opened on September 15 and close on September 19.
44 29084 176 116336
66 43626 198 130878 It will raise Rs5700 crore.
88 58168 220 145420
110 72710 242 159962
132 87252 264 174504 Subscription :- It got 0.62 times subscription in QIB, 0.04
286 189046
SBI Life Insurance

times in NII ad 0.18 times in Retail category, while 0.21 in
Retailers may apply
Shares Amt. Shares Amt. share holders category with taking overall subscription to
21 14700 147 102900
42 29400 168 117600 0.27 times.
63 44100 189 132300
84 58800 210 147000
105 73500 231 161700 Allotment/Refund :- the allotment may take place on
126 88200 252 176400
273 191100
September 22 and fund will be unblocked on Sep-
Subscription Figures of
Capacite Infraprojects IPO tember 25. Shares will be deposited in demate
No. Shares Issue Subscribed
Offered/ 13-9-17 14-9-17 15-9-17 on September 29. It may get good response in
Reserved
QIBs 3265306 1.74x 5.53x 131.3x QIB and HNI but 1 to 1.50 times in retail segment.
NII 2448980 0.11x 0.28x 638x
Retail 5714286 1.55x 5.96x 17.57x So full and final allotment is expected in retail.
Total 11428572 1.30x 4.62x 183.03x
Listing :- It may get listed on September 27
Subscription Figures of
Matrimony.Com IPO around Rs680-690 and may cross Rs700 level.
No. Shares Issue Subscribed
Offered/ 11-9-17 12-9-17 13-9-17 Subscription Figure of SME IPOs
Reserved SME IPOs Day Issue Date Subscirbed (X)
QIBs 1530905 0.83x 0.83x 1.88x Nouritrans Exim BSE SME Issue Closed on 7-9-17 1.37x
NII 764836 0.00x 0.02x 0.41x Manav Infra NSE SME Issue Closed on 8-9-17 2.80x
Retail 509890 1.19x 4.97x 18.16x Sagar Diamond BSE SME as on 15-9-17 (2nd Day) 1.46x
Empl. 5649 0.15x 0.82x 3.20x Sri Krishna NSE SME as on 15-9-17 (2nd Day) 0.78x
Total 1878510 0.67x 1.36x 4.44x Worth Peripherals NSE SME as on 15-9-17 (1st Day) 0.83x
Financial Weekly

INVESTMENT
BSE SME IPO

Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size %
1. Sagar 14-9-2017 33,81,000 Eq. 40 to 45 3000 Eq. Shares 38 % : Apply for
Diamonds 18-9-2017 (Rs. 15.21 Cr.) (Rs. 1,35,000) Medium Term
2. AKM Lace & 20-9-2017 19,02,000 Eq. 25 6000 Eq. Shares --
Embrotex 22-9-2017 (Rs. 4.75 Cr.) (Rs. 1,50,000)
3. Trident 21-9-2017 11,76,000 Eq. 30 4000 Shares --
Texofab 26-9-2017 (Rs. 35.28 Cr.) (Rs. 1,20,000)
4. Poojawestern 22-9-2017 15,21,000 Eq. 36 3000 Shares
--
Metaliks 26-9-2017 (Rs. 5.47 Cr.) (Rs. 1,08,000)
5. Vanta 25-9-2017 15,12,000 Eq. 50 3000 Eq. Shares
20 % : AVOID
Bioscience 27-9-2017 (Rs. 7.56 Cr.) (Rs. 1,50,000)
NSE SME IPO

Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size %
1. Sri Kirshna 14-9-2017 35,00,000 Eq. 55 2000 Eq. Shares 28 % : AVOID
Metcom 18-9-2017 (Rs. 19.25 Cr.) (Rs. 1,10,000)
2. Worth 15-9-2017 42,51,000 Eq. 40 to 43 3000 Eq. Shares 39 % : Apply for
Peripherals 19-9-2017 (Rs. 18.27 Cr.) (Rs. 1,29,000) Short Term
4. Madhya 19-9-2017 21,46,500 Eq. 66 2000 Shares
34 % Average
Pradesh 21-9-2017 (Rs. 14.17 Cr.) (Rs. 1,32,000)
3. R M Drip 19-9-2017 20,10,000 Eq. 53 to 57 2000 Eq. Shares 35 % Apply for
& Sprinklers 25-9-2017 (Rs. 11.46 Cr.) (Rs. 1,14,000) Long Term
5. Shree Tirupati 21-9-2017 27,00,000 Eq. 36 to 40 3000 Eq. Shares 36 % : Apply for
Balajee FIBC 26-9-2017 (Rs. 10.80 Cr.) (Rs. 1,20,000) Mid - Term
6. D P Wires 21-9-2017 35,84,000 Eq. 75 1600 Shares 39 % Apply for
26-9-2017 (Rs. 26.88 Cr.) (Rs. 1,20,000) Short Term
7. Innovative 22-9-2017 62,97,000 Eq. 42 to 45 3000 Shares NEXT WEEK
Tyres 26-9-2017 (Rs. 28.33 Cr.) (Rs. 1,35,000)
More details were published last week.

* SBI Life :- Issue with offer price of Rs685-700 will open on September 20 and
close on September 22. More details are given in a box.
Allotment :- Allotment may be on September 27 and unblocking of fund on
September 28 while shares can be deposited on September 29.
It may get goo response in QIB and HNI compared to retail category. It may get
1.25 to 1.75 times subscription in retail category and full and final allotment is
expected.
The shares may get listed on October 720-730 and may give good return in
long term.
Financial Weekly

INVESTMENT
Prataap Snacks :- Indore-based company is of- 12 PSU Companies

Ready for Listing
fering shares at price of Rs930-938 to raise Rs1860- 1. Indian Railway Catering & Tour-
ism
1876 crore. More details will be published next week. 2. General Insurance Corporation
3. New India Insurance
* How will be listing of Mainboard IPOs:- 4. Rail Vikas Nigam
5. Bharat Dynamic
Dixon :- The issue's listing on September 18 may 6. Indian Renewable Energy
7. Ircon International
be highly volatile. It may get listed around Rs2200- 8. Mazagon Dock Shipyard
9. Indian Railway Fin. Corporation
2300 and on favourable market condition, the stock 10.Mishra Dhatu Nigam
11.Garden Reach Shipbuilders
prices may go up to Rs2400-2500. Be cautious on 12.RITES
spurt in stock prices.

Bharat Road Network :- It may get listed on September 18 around Rs210-
220 but may go into discount. It is advisable to sell the stock with every spurt in
price.
* This week's SME IPOs:-
BSE SME IPOs:-
Sagar Diamond :- The details were published last week. It has got 1.46 times
subscription and it will close on September 18. It may witness fancy on last day.
AKM Lace and Embrotex :- The issue will open on September 20 and close
on September 22. Prospectus is not available, so more details will be available in
Smart Bonanza and Smart Investment website.
Vanta Biosciences :- The issue will offer price of Rs50 will open on September
25 and close on September 27 to raise Rs7.56 crore. More details are given in
Subscription Figures of separate box. Despite zero track record it is asking for
ICICI Lombard
No. Shares Issue premium of Rs40 and stock exchange has also approved.
Offered/ Subscribed
Reserved 15-9-17 * NSE SME IPO :- There are seven IPOs in the market
QIBs 1,63,86,966 0.62
N II 1,22,90,225 0.04
R eta il 2,86,77,190 0.18 from NSE SME platform including Shri Krishna Metcon,
Shareholder 43,12,359 0.21
Total 6,16,66,740 0.27 Worth Peripherals, Madhya Pradesh Today, RM Drip,
Financial Weekly

INVESTMENT
Shree Tirupati Balajee, DP Wires, Innovative Tyres and Tubes. More details are
given in separate box.
* Subscription of last week's IPOs :- Nouritrans Exim Ltd got 1.37 times,
Manav Infra got 2.80 times subscription and got closed. Sagar Diamond IPO has
got 1.46 times subscription on second day. Shri Krishna got 0.78 times and Worth
Peripherals got 0.83 times subscription on the first day. It may get good response.
* PSU Disinvestment :- In next seven months 12 PSUs are hitting the market.
The details are given in the separate box.
* Insight into the upcoming issues:-
Reliance General Insurance :- It has got nod from IRDA for Rs7000 crore
issue.
Godrej Agrovet :- It has obtained approval for Rs1000 crore issue. Godrej Ind
holds 60.81% stake in the company.
Bandhan Bank :- It got license for banking activities in 2014. It has appointed
five merchant bankers for IPO.
GREY MARKET MOVEMENT

Seven Mainline IPOs in September keeps market moving
BRNL, ICICI Lombard, Matrimony and SBI Life premiums crumble
Capacit'e Infra premiums and Sagar Diamond subject to rates spurt
The grey market is witnessing hustle-bustle due to seven mainline IPOs hitting the market in
September. The premiums and application rates are highly volatile. The minimum application
and subject to deals are increasing. SME sector issues are witnessing only subject to deals.
Dixon Tech IPO premiums have come down from 780 to 700, while BRNL premiums have come
down from Rs14-15 to sellers' Rs2. Matrimony premium has also crumbled from Rs120 to Rs18/
20. ICICI Lombard premiums were at Rs48/50 but now at 23/25.
Contrary to this, higher response to Capacit'e Infra issue has spurted the premiums from Rs115/
120 to Rs145/150. BSE SME IPO Sagar Diamond has witnessed the subject to rates from
Rs10,000 to Rs13,000. Worth Peripheral's NSE SME IPO has witnessed subject to rates at Rs
10,000.
Financial Weekly

INVESTMENT
SBI Life Insurance (Main Line) IPO

Opens on Sept. 20 & Closes on Sept. 22, 2017
Price Band fixed at Rs. 685 to 700; Listing at BSE - NSE
It's fully priced IPO but looking to bright future,
apply for long term
SBI Life Insurance Co. Ltd. (SBI Life) is a life insurance arm of SBI group that is coming out
with a public offer after 23 years gap. Last issue was in 1994 for SBI.
SBI Life India's largest private life insurer, in terms of New Business Premium generated in
each fiscal year, since Fiscal 2010. It has also increased its market share of New Business
Premium generated among private life insurers in India, from 15.87% in Fiscal 2015 to 20.04%
in Fiscal 2017. Between Fiscal 2015 and Fiscal 2017, SBI Life's New Business Premium gener-
ated increased at a CAGR of 35.45%, which is the highest among the top five private life insur-
ers (in terms of total premium in Fiscal 2017) in India.
SBI Life is coming out with a maiden IPO by way of offer for sale of 120000000 equity share of
Rs. 10 each via book building route with a price band of Rs. 685-700 per share. Out of the total
issue it has reserved 2000000 equity shares for eligible employees and 10 per cent i.e. 12000000
equity shares for the share holders of SBI. Issue opens for subscription on 20.09.17 and will
close on 22.09.17. Minimum application is to be made for 21 shares and in multiples thereon,
thereafter. With this issue, SBI Life hopes to mobilize Rs. 8220 crore to Rs. 8400 crore (based on
lower and upper price bands). Employees are offered a discount of Rs. 68 per share. The offer
would constitute up to 12% of post offer paid up capital of the company. Post allotment, shares
will be listed on BSE and NSE. BRLMs to the offer are JM Financial Institutional Securities Ltd.,
Axis Capital Ltd., BNP Paribas, Citigroup Global Markets India Pvt. Ltd., Deutsche Equities
India Pvt. Ltd., ICICI Securities Ltd., Kotak Mahindra Capital Co. Ltd. and SBI Capital Markets
Ltd. Karvy Computershare Pvt. Ltd. is the registrar to the issue. It's paid up equity capital will
remain same at Rs. 1000 crore post issue. This is the second IPO from the Life Insurance Com-
pany on Indian bourses. It has issued entire equity at par so far. Object of the issue is to list on
bourses and unlock value for its stakeholders.
Financial Performance : - SBI Life has reported total income/net profits of Rs. 17369.42 cr. /
Rs. 727.75 cr. (FY14), Rs. 23186.49 cr. / Rs. 814.87 cr. (FY15), Rs. 19119.72 cr. / Rs. 844.10 cr.
Rs. 30277.51 cr./ Rs. 954.65 cr. (FY17). For Q1 of the current fiscal it has reported net profit of
Rs. 313.45 cr. on a total income of Rs. 6388.37 crore. If we annualize the latest earnings and
attribute on the post issue equity then asking price is at a P/E of around 55. For last three years
it has posted an average EPS of Rs. 8.95 and average RoNW of 19.35%. Issue is priced at a P/
BV of 11.90. Thus issue is fully priced compared to its only listed peer ICICI Prudential.
BRLM's Performance : - 8 BRLMs associated with the offer have handled 56 public issues
in past three years out of which 16 issues closed below the issue price on listing date.
Recommendation : PE & P/BV is on higher side, but considering latest earning & bright
future, one can apply for long term
Financial Weekly

INVESTMENT
Prataap Snacks IPO Opens on

Sept. 22, & Closes on Sept. 26, 2017
Price band Rs. 930 to 938 (F. V. Rs. 5) ;
Listing on BSE - NSE
In Corporated in 2009, Prataap Snacks Ltd. (PSL) an Indore based company is one of the top
six Indian snack food companies in terms of revenues in 2016, and among the fastest growing
companies in the Indian organized snack market between 2010 and 2016. PSL is present in
three major savory snack food categories in India and all its products are sold under the "Yellow
Diamond" brand. As of July 31, 2017, PSL had 40 flavors of Chips and extruded snacks and 23
varieties of Namkeen in the market. It is set to launch special snacks for health conscious con-
sumers and also sweet bites in the near future.
June 30, 2017, PSL's distribution network included 218 super stockists across 26 States and
one Union Territory in India and over 3,500 distributors. As of the date PSL owns and operates
three manufacturing facilities, one located at Indore, Madhya Pradesh and the other two located
at Guwahati, Assam.
To part finance repayment/pre-payment of certain debts, expansion of and modernization of
existing manufacturing facilities, investment in subsidiary, marketing and brand building activi-
ties and general corpus fund needs, PSL is coming out with a maiden IPO of approx. Rs. 482
crore consisting of fresh equity (approx 2132000 shares) issue of Rs. 200 crore and offer for sale
of 3005770 shares by existing shareholders. Issue opens for subscription on 22.09.17 and will
close on 26.09.17. Issue is done via book building route with a price band of Rs. 930-938 per
share for Rs. 5 FV share. Minimum application is to be made for 15 shares and in multiples
thereon, thereafter. Post allotment, shares will be listed on BSE and NSE. PSL has reserved
42000 shares for eligible employees and is offering Rs. 90 per share discount to them.
It has also issued bonus shares in the ratio of 5 for 1 in September 2016 and 3 for 1 in June
2017. Post issue, company's current paid up equity capital of Rs. 10.66 crore (which includes
pre-IPO placement worth Rs. 50 crore at a price of Rs. 938.09 per share on 25.08.17) will stand
enhanced to Rs. 11.73 crore. BRLMs to the issue are Edelweiss Financial Services Ltd., JM
Financial Institutional Securities Ltd. and Spark Capital Advisors (India) Pvt. Ltd. Karvy
Computershare Pvt. Ltd. is the registrar to the issue.
Financial Performance :- On performance front, for past three fiscals, PSL has (on a consoli-
dated basis) posted turnover/net profits of Rs. 560.57 cr. / Rs. 9.90 cr. (FY15), Rs. 757.90 cr. / Rs.
27.37 cr. (FY16) and Rs. 905.46 cr. / Rs. 9.89 cr. (FY17). If we attribute latest earnings of FY17
on fully diluted equity post issue then asking price is at a P/E of 222. Last three years average
EPS is Rs. 7.63 and average RoNW is 7.63%. Issue is priced at a P/BV of 7.2.
BRLM's Performance :- On BRLM's front, three merchant bankers associated with this offer
have handled 23 public issues in the past three years out of which 3 issues closed below the
issue price on the listing date.
Recommendation :- ON Prima - Facie, It Looks aggressively priced. However analysis, rat-
ing, recommendation and 'Other Side of Coin' will be published next week.
Financial Weekly

INVESTMENT
Sri Krishna Metcom

IPO Opened on Sept. 14 & Closes on Sept. 18
Offer price fixed at Rs. 55; Listing on NSE - SME Platform
Looking to the aggressive offer price better to avoid this IPO
Sri Krishna Metcom Ltd. (SKML) a Panchkanya group company is in the business of
processing of non-basmati rice and basmati rice in India. According to company, it is one
of the largest processors of non-basmati rice with a milling capacity of 350 Metric tons
per day in the State of Jharkhand. Company sells its products under the brand names
'BABA', 'PANCHAKANYA', 'SINGHAM' and MIDDU BHAI' that are well accepted for their
quality and standard in the market across Eastern India. Presently, it is also doing job
work for other rice traders.
To part finance its working capital and general corpus fund needs, SKML is coming out
with a maiden IPO of 3500000 equity share of Rs. 10 each at a fixed price of Rs. 55 per
share to mobilize Rs. 19.25 crore. Issue consists of 600000 fresh equity issue and
2900000 shares by offer for sale. It opens for subscription on 14.09.17 and will close on
18.09.17. Minimum application is to be made for 2000 shares and in multiples thereon,
thereafter. Post allotment, shares will be listed on NSE SME Emerge. The offer will
constitute 26.45% of the post offer paid up equity share capital of the company. Issue is
solely lead managed by Microsec Capital Ltd. and Link Intime India Pvt. Ltd. is the
registrar to the issue. Its entire equity so far is issued at par. Post issue, its current paid
up equity capital of Rs. 12.63 crore will stand enhanced to Rs. 13.23 crore.
Financial Performance :- On performance front, SKML has posted turnover/net prof-
its of Rs. 24.22 cr. / Rs. - (1.60) cr. (FY14), Rs. 79.03 cr. / Rs. 0.88 cr. (FY15), Rs. 81.04
cr. / Rs. 0.86 cr. (FY16) and Rs. 82.11 cr. / Rs. 1.03 cr. (FY17). Last three fiscal's top line
and bottom line is almost stagnant. If we attribute latest earnings on fully diluted equity
post issue, then asking price is at a P/E of 70 plus (against Industry's composite P/E of
40). Last three year's average EPS is 0.75 and average RoNW is 7.18. Issue is priced at
a P/BV of 5 plus. Thus IPO is priced aggressively.
BRML's Performance : - On merchant banker's front, it has no track record. This is
the first mandate from its stable.
Recommendation : Considering high PE & P/BV, offer price is very high, hence
better to avoid this IPO
Financial Weekly

INVESTMENT
Worth Peripheral NSE SME IPO

Opened on Sept. 15 & Closes on Sept. 19, 2017
Price Band Rs. 40 to 43; Listing on NSE - SME Emerge
Considering reasonable offer, investors may apply for short - mid Term
Worth Peripherals Ltd. (WPL) is engaged in manufacturing of corrugated boxes. It is
ISO 9001:2008 and FSC certified company enjoying consumer preference for their needs.
Company's both manufacturing units are located at Pithampur, Dhar, Indore (MP). It has
fully automated plant that can have multi colour (up to 6 colours) printing. With growth in
the retail, pharma, breweries, textile sectors, opportunity for growth in packaging indus-
tries.
To part finance its purchase of plant and machinery, repayment of certain borrowings,
working capital and general corpus fund needs, WPL is coming out with a maiden IPO of
4251000 equity share of Rs. 10 each via book building route with a price band of Rs. 40 -
43. The company plans to mobilize Rs. 17.00 to 18.28 crore (based on lower and upper
price bands). Issue opens for subscription on 15.09.17 and will close on 19.09.17. Mini-
mum application is to be made for 3000 shares and in multiples thereon, thereafter. Post
allotment, shares will be listed on NSE SME Emerge. Issue is solely lead managed by
Pantomath Capital Advisors Pvt. Ltd. and Bigshare Services Pvt. Ltd. is the registrar to
the issue. Issue will constitute 26.99% of fully diluted post issue paid up equity capital of
the company. WPL has issued entire equity at par and has also issued bonus shares in
the ratio of 1 for 1 in February 2017. Post IPO, its current paid up equity capital of Rs.
11.50 crore will stand enhanced to Rs. 15.75 crore.
Financial Performance :- On performance front, for last four fiscals, WPL has posted
turnover/net profits of Rs. 84.23 cr. / Rs. 5.15 cr. (FY14), Rs. 107.78 cr. / Rs. 6.02 cr.
(FY15), Rs. 127.40 cr. / Rs. 6.47 cr. (FY16) and Rs. 132.15 cr. / Rs. 7.32 cr. (FY17). The
Company has been delivering consistent performance in growth with its revenue growth
of more than 22% EBITDA growth of more than 18% and PAT growth of more than 20%
over past 5 years. Last three fiscals average EPS is Rs.5.93, RoNW is 19.19%. If we
attribute latest earnings on fully diluted equity post issue, then asking price is at a P/E of
9 plus and at a P/BV of 1.21. Thus issue is priced reasonably.
BRML's Performance : - On merchant banker's front, this is the 44th mandate in last
three years. Out of last 10 recent listings, 1 opened at discount, 1 at par and the rest with
1 to 18% premium on IPO price.
Recommendation : Considering PE of 9 & P/BV 1.21, this issue is priced reasonable.
Apply for short - Mid Term.
Financial Weekly

INVESTMENT
RM Drip & Sprinklers IPO

Price band fixed at Rs. 53 to 57 ; Listing on NSE SME platform
This IPO is fully priced hence investor may apply for long term
R M Drip & Sprinklers System Ltd. (RMD) is engaged in manufacture and sale of Micro
Irrigation System (MIS) consisting of drip irrigation system and sprinkler irrigation sys-
tem along with its components, irrigation accessories and allied products. Company's
product range include HDPE Pipes, Pipes Fittings and Irrigation Equipments including
drip/sprinkler systems, Disc filters, Screen filters, Hydro-Cyclone filters, Sand (Gravel)
filters, Compression fittings, valves (Electric & Mechanical), Fertilizer Tanks etc.
To part finance working capital and general corpus fund needs, RMD is coming out
with a maiden IPO of 2010000 equity share of Rs. 10 each via book building route with a
price band of Rs. 53 - 57 per share to mobilize Rs. 10.65 cr. to Rs. 11.46 crore (based on
lower and upper price bands). Issue opens for subscription on 19.09.17 and will close on
25.09.17. Minimum application is to be made for 2000 shares and in multiples thereon,
thereafter. Post allotment, shares will be listed on NSE SME Emerge. The issue consti-
tutes 30.04% of the fully diluted post issue paid up capital of the company. Issue is solely
lead managed by Pantomath Capital Advisors Pvt. Ltd. and Bigshare Services Pvt. Ltd.
is the registrar to the issue. Having raised most of its equity at par, it also issued shares
at a price of Rs. 20 per share in October 2014 and has issued bonus shares in the ratio of
15 for 1 in September 2014, 0.7 to 1 in November 2014, 2.6 to 1 in July 2017. Post issue,
its current paid up equity capital of Rs. 4.68 crore will stand enhanced to Rs. 6.69 crore.
Financial Performance :- On performance front, RMD has reported turnover/net prof-
its of Rs. 3.10 cr. / Rs. 0.03 cr. (FY14), Rs. 5.78 cr. / Rs. 0.24 cr. (FY15), Rs. 11.79 cr. /
Rs. 0.32 cr. (FY16) and Rs. 28.73 cr. / Rs. 1.36 cr. (FY17). If we attribute latest earnings
on fully diluted equity post issue then asking price is at a P/E of 28 plus (on the basis of
upper price band) against industry average of 35 plus. For last three fiscals, it has posted
average EPS of Rs. 2.68 and average RoNW of 24.96%. Issue is priced at a P/BV of 4.3
plus. Thus issue is fully priced.
BRLM's Performance :- On merchant banker's front, this is the 45th mandate in last
three years. Out of last 10 recent listings, 1 opened at discount, 1 at par and the rest with
1 to 18% premium on IPO price.
Recommendation :- This issue is fully priced, hence investors may apply for long
term.
Financial Weekly

INVESTMENT
Shree Tirupati Balaji FIBC IPO

Price Band fixed at Rs. 36 to 40 ; Listing on NSE - SME Emerge
Considering reasonable offer price, Apply for mid to long term
Shree Tirupati Balaji FIBC Ltd. (STBF) is engaged in manufacturing and supply of High
Density Polyethylene (HDPE) / Polypropylene (PP) woven sacks, Flexible Intermediate
Bulk Container (FIBC). Its manufacturing unit is situated at SEZ area located at Pithampur,
Dist. Dhar, MP. Majority of its sales are from exports to countries like USA, UK, Austra-
lia, Germany, Italy, Spain, New Zealand etc.
To part finance its working capital and general corpus fund needs, STBF is coming out
with a maiden IPO of 2700000 equity share of Rs. 10 each via book building route with a
price band of Rs. 36-40 to mobilize Rs. 9.72 to Rs. 10.80 crore (based on lower and
upper price bands). Issue opens for subscription on 21.09.17 and will close on 26.09.17.
Minimum application is to be made for 3000 shares and in multiples thereon, thereafter.
Post allotment, shares will be listed on NSE SME Emerge. Issue constitutes 26.65% of
the fully diluted paid up equity capital of the company post issue. BRLMs to this offer are
Pantomath Capital Advisors Pvt. Ltd. and SIDBI (Small Industries Development Bank of
India). Bigshare Services Pvt. Ltd. is the registrar to the issue. Having issued initial
equity at par, it raised further equity in a price range of Rs. 80 to Rs. 113 between July
2010 and March 2013. It has also issued bonus shares in the ratio of 11 shares for every
1 share held in July 2017. Post issue, STBF's current paid up equity capital of Rs. 7.43
crore will stand enhanced to Rs. 10.13 crore.
Financial Performance :- On performance front, STBF has posted turnover/net prof-
its of Rs. 40.43 cr. / Rs. 2.24 cr. (FY14), Rs. 54.13 cr. / Rs. 2.44 cr. (FY15), Rs. 62.09 cr.
/ Rs. 3.38 cr. (FY16) and Rs. 69.80 cr. / Rs. 2.87 cr. (FY17). There has been inconsis-
tency in PBT for last four fiscals. If we attribute latest earnings on fully diluted equity post
issue then asking price is at a P/E of around 14 plus (on the upper price band - against
peers P/E ranging from 11 to 33). For last three fiscals, its average EPS is Rs. 4.00 (on
pre-bonus equity) and average RoNW is 19.60%. Issue is priced at a P/BV of 1.7. Thus
issue is priced reasonably.
BRML's Performance :- On merchant banker's front, this is the 46th mandate from
Pantomath in last three years. Out of last 10 recent listings, 1 opened at discount, 1 at
par and the rest with 1 to 18% premium on IPO price. This is the 2nd mandate from SIDBI
and the last listing in 2015 opened with 10% plus premium on the date of listing.
Recommendation : This offer seems reasonable. Investor may apply in this IPO for
Mid to Long term.
Financial Weekly

INVESTMENT
DP Wires IPO
Offer price fixed at Rs. 75; Listing on NSE SME Platform
Considering strong fundamentals, apply for short term gain
D P Wires Ltd. (DPW) is engaged in manufacturing and supply of Steel wires, plastic
pipes and plastic films which find its application in industries like oil & gas, power, environ-
ment, civil, energy, automobile, infrastructure etc. All its manufacturing divisions are situ-
ated in a single premise at Industrial Estate, Ratlam.
DPW is continuously serving top companies like Hindalco Industries Ltd (Aditya Birla
group), Reliance Industries Ltd., APCO Infratech Ltd. and some of the leaders in the
engineering and construction industry like Gannon Dunkerley & Co. Ltd., Larsen & Toubro
Ltd., Navyuga Engg Co. Ltd., U.P. State Bridge Corporation Ltd., MM Auto Industries Ltd.,
Simplex Infrastructures Limited, Reliance Infrastructure Limited, Vascon Engineers Lim-
ited, Coventry Coit-O-Matic (Hr) Ltd. and many more.
Financial Performance :- To part finance its working capital and general corpus fund
needs, DPW is coming out with a maiden IPO of 3584000 equity share of Rs. 10 each at a
fixed price of Rs. 75 per share to mobilize Rs. 26.88 crore. Issue opens for subscription on
21.09.17 and will close on 26.09.17. Minimum application is to be made for 1600 shares
and in multiples thereon, thereafter. Post allotment, shares will be listed on NSE SME
Emerge. The offer will constitute 26.42% of the post offer paid up equity share capital of
the company. Issue is solely lead managed by Sarthi Capital Advisors Pvt. Ltd. and Bigshare
Services Pvt. Ltd. is the registrar to the issue. Having raised initial equity at par, it raised
further equity in a price range of Rs.20 Rs. 100 per share between March 2001 and Octo-
ber 2010. It issued bonus shares in the ratio of 3 shares for every 1 share held in April
2017. Post issue, its current paid up equity capital of Rs. 9.98 crore will stand enhanced to
Rs. 13.57 crore.
BRLM's Performance :- On performance front, SKML has posted turnover/net profits of
Rs. 93.62 cr. / Rs. 1.25 cr. (FY14), Rs. 139.13 cr. / Rs. 1.67 cr. (FY15), Rs. 160.06 cr. /
Rs. 2.19 cr. (FY16) and Rs. 196.83 cr. / Rs. 5.00 cr. (FY17). If we attribute latest earnings
on fully diluted equity post issue, then asking price is at a P/E of 20 plus (against Industry's
composite P/E of around 40). Last three year's average EPS is 3.45 and average RoNW is
13.23. Issue is priced at a P/BV of 2.69.
Merchant Benkers Perfomance :- This is the 32nd mandate from its stable so far. Out
of last 10 listings, 2 issues opened at a discount, 1 at par and the rest with a premium
ranging from 3 to 131 per cent ( Main board IPO of Salasar gave over 131% return) on the
day of listing.
Recommendation : Considering strong fundamentals, low PE & P/BV, Investors may
apply in this issue for short term gain.
Financial Weekly

INVESTMENT
Vanta Bioscience Ltd.

IPO Opens on Sept. 25 & Closes on Sept. 27, 2017
Offer price fixed at Rs. 50; Listing on BSE - SME Platform
In absence of track record, Better to avoid this risky IPO
Vanta Bioscience Ltd. (VBL) is a preclinical contract research organization, offering a
host of preclinical safety assessment services for clientele from Pharmaceutical, Medical
Devices, Nutraceuticals, Feed Additive, Biotech, Agrochemicals, Cosmetics, and Chemi-
cal industries.
To part finance its additional working capital and general corpus fund needs, VBL is
coming out with a maiden IPO of 1512000 equity share of Rs. 10 each at a fixed price of
Rs. 50 per share to mobilize Rs. 7.56 crore. Issue opens for subscription on 25.09.17 and
will close on 27.09.17. Minimum application is to be made for 3000 shares and in multiples
thereon, thereafter. Post allotment, shares will be listed on BSE SME. Issue is solely lead
managed by Inventure Merchant Banker Services Pvt. Ltd. and Bigshare Services Pvt.
Ltd. is the registrar to the issue. Issue constitutes 26.40% of fully diluted post issue paid
up equity capital of the company. Having issued initial equity at par, it issued further equity
at a price of Rs. 50 per share. Post issue its current paid up equity capital of Rs. 4.22 crore
will stand enhanced to Rs. 5.73 crore.
Financial Performance :- As the company has not carried any operations till 31.03.17,
it has no track record of performance. Thus parameters on P/E and RoNW are not avail-
able. Due to issue at premium, it has some reserves on that count and on the basis of
same the issue is priced at a P/BV of around 3. Issue is highly priced with no performance
track record. It is trying to compare with Syngene, Sun Pharma and Suven Life as its
peers.
BRLM's Performance :- On merchant banker's front, this is the second mandate from
its stable in past three years and the only listing that took place for Univastu marked
erratic movement on the day of listing with opening at Rs. 48 against offer price of Rs. 40
and closed at Rs. 40.20 on the day of listing.
Conclusion : There is no track record of financial performance. Hence it's very risky.
Investor may avoid this IPO.
Financial Weekly

INVESTMENT
Madhya Pradesh today

IPO Opens in Sept. 19 & Closes on Sept. 2017
Offer price fixed at Rs. 66 ; Listing on NSE - SME Platform
It's fully priced issue, but looking to
latest earning apply for mid-long term
Madhya Pradesh Today Media Ltd. (MPTM) is a publishing house having a daily evening
Hindi newspaper that was primarily launched in MP and is currently available in Chhattisgarh,
UP, Delhi and Maharashtra. The group has also launched a Morning Daily soon thereafter
in the year 2010. Now it also has plans to start publication and printing in other States of
India in the years to come.
To part finance its expansion of business by upgrading unit offices in various cities in
the State of MP and Chhattisgarh, working capital and general corpus fund needs, MPTM
is coming out with a maiden IPO of 2146500 equity share of Rs. 10 each at a fixed price of
Rs. 66 per share to mobilize Rs. 14.17 crore. Issue opens for subscription on 19.09.17 and
will close on 21.09.17. Minimum application is to be made for 2000 shares and in multiples
thereon, thereafter. Post allotment, shares will be listed on NSE SME Emerge. Issue is
solely lead managed by Mark Corporte Advisors Pvt. Ltd. and Bigshare Services Pvt. Ltd.
is the registrar to the issue. Having issued initial equity at par, it issued bonus shares in
the ratio of 120 for 1 in July 2016 and 1 for 1 in July 2017. Post issue its current paid up
equity capital of Rs. 2.42 crore will stand enhanced to Rs. 4.57 crore.
Financial Performance :- On performance front, for last four fiscals, MPTM has posted
turnover/net profits of Rs. 15.68 cr. / Rs. 0.71 cr. (FY14), Rs. 15.37 cr. / Rs. 0.42 cr.
(FY15), Rs. 15.20 cr. / Rs. 0.65 cr. (FY16) and Rs. 19.08 cr. / Rs. 2.33 cr. (FY17). Sudden
spurt in top and bottom lines for FY17 is surprising. For last three fiscals it has posted an
average EPS of Rs. 6.01 (on post bonus issue till July 2017 basis) and average RoNW is
40.60%. Issue is priced at a P/BV of 3.55. If we attribute latest working on fully diluted
equity post issue, then asking price is at a P/E of 12.9 plus. As per prospectus details, its
listed peers are trading at a P/E ranging from 9 to 18 (with an average P/E of around 15).
Thus issue appears fully priced.
BRLM's Performance :- On merchant banker's front, this is the first mandate from its
stable and has no past track record.
Recommendation : Considering PE of 12.9 & P/BV of 3.55. it's a fully price. However
looking to latest earning apply for mid-long term
Financial Weekly

INVESTMENT
Smart Best Buy S. N. Zaveri
Jubilant Foodworks makes smart recovery after negative reports

HUL hopes Ayush will counter Patanjali : Invest
Indraprasth Gas up on hope of new license for gas distribution
Bata India : Khadim IPO and GST will be boost for the company
Strong August sales for Hero : Festive Season will benefit
Jubilant Foodworks (Rs. 1359.00) (Code : 533155) (F. V. : 10.00) : On last
Wednesday, reports emerged that bugs were found in Dominos Pizzas oregano seasoning sa-
chets, which led to a fall in its share to as low as 6 percent. However, the company responded very
next day which lead to recovery in stock. The company has carried out a comprehensive inspec-
tion across vendors and stores and assured that its all food ingredients are safe for consumption.
The stock was aided by a report from Deutsche Bank which said that the incident may not have any
material impact on the companys operations, while estimates too remained unchanged. It forecast
EBITDA growth of 35 percent over FY17-19. In fact, the stock remains a top pick in consumer
discretionary space. Jubilant reported 25.53 per cent jump in standalone net profit at Rs 23.84
crore for the first quarter ended June 30. The company had posted a net profit of Rs 18.99 crore in
the year-ago quarter. The mid-cap company has equity capital of Rs 65.98 crore. Face value per
share is Rs 10. Buy at decline.
HUL (Rs. 1245.00) (Code : 500696) (F. V. : 1.00) :- HUL, in last February, started
the whole range of products under Ayush Brand to counter Patanjali. It has started mass campaign
for this brand. HUL has, in past also, seen number of tuff competitors like Patanjali. However, it has
been successful in countering such competitions. Last week, HUL has started its new plant in
Assam where it has invested Rs.1000 crore. So, the company is on expansion mode in full fledge.
Its June quarter headline numbers show that domestic sales grew by 6% but volume growth was
flat, profitability improved and pre-tax earnings growth was decent.The jump in profitability is im-
pressive, up by 1.8 percentage points over a year ago and sequentially as well.Profit before excep-
tional items and tax grew by 13.1%, which is good considering that overall revenue rose by a mere
4.9%. Thats good earnings growth given the market situation. As Monsoon has been good this
year, rural demand will be intact and may increase this time. Invest.
IGL (Rs. 1437.00) (Code : 532514) (F. V. : 10.00) :- Indraprastha Gas (IGL),
Indian Oil-Adani Gas joint venture are on track to win licenses to distribute gas in cities in Haryana
and Goa.Licenses will be awarded in the next month when new members are likely to be ap-
pointed to the Petroleum & Natural Gas Regulatory Board.IGL submitted highest performance bond
of Rs 306 crore for Karnal, higher than HPCL-OIL Rs 203 crore. Indian Oil-Adani Gas offered Rs
403 crore performance bond for South Goa. After being in a phase of consolidation at the top of its
rally for last month, it finally staged a breakout on the upside. It is showing the trait of a stock which
is in a strong uptrend since December 2016. So, technically also, the stock is showing bullish
momentum. Buy.
BATA India (Rs. 720.00) (Code : 500043) (F. V. : 5.00) :- Bata India is the
largest footwear manufacturing company in India. It is a subsidiary of Swiss parent company. Foot-
wear stocks rallied last week on expectation that their valuations would get rerated after the forth-
coming IPO of Khadim India. The Kolkata-based Khadim plans to raise about Rs 600 crore in
October. Analysts say footwear stocks will build on their gains this year because of increasing
Financial Weekly

INVESTMENT
demand for branded shoes, GST benefits and a fall in raw material prices. Bata stock is trading at
45 times its FY 2018 estimated earnings. While giving a target price of Rs 610, Nirmal Bang has
said that the company could clock revenues, EBITDA and PAT CAGR of 11 per cent, 21 per cent
and 21 per cent respectively, over FY 2017-FY19. Accumulate.
Hero Moto Corp. (Rs. 3891.00) (Code : 500182) (F. V. : 2.00) :- The countrys
largest two-wheeler maker Hero MotoCorp has reported its highest ever monthly sales at 6,78,797
units in August 2017, registering a growth of 10.11 per cent over the corresponding month last
year.The company had sold 6,16,424 units in August 2016. Its previous highest monthly sales
were in September 2016, when the company had sold 6,74,961 units.The high sales in August
have ensued owing to the early arrival of the festival season this year.Hero MotoCorp domestic
sales in August stood at 6,61,490 units, while global business contributes 17,307 units.The
companys global business spans across 35 countries in Asia, Africa and South and Central
America.As demonitation impact has been over now, and GST has been implemented, Hero will
get momentum. Also, the Monsoon has been much better. So, rural demand will increase. Festive
season is going to start next week. So, there are number of positives for this stock. Buy.
(SEBI Registered Research Analyst)

* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month All stocks rates / indices on
15th September 2017 unless specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. Though,
every care has been taken, we will not responsible for any errors / omissions o All disputes are subject to Ahmedabad jurisdictioner
www.Chittorgarh.com
Stock Broker Share Broker Reviews
VS IPO/FPO/NCD
Stock Broker Info Website
Top 25 Share / Commodities Brokers in India - Compare
Sharekhan V/s Angel Broking ICICIDirect V/s Kotak Securities
RKSV V/s Zerodha Trade Smart V/s Compositedge
IIFL V/ s MotilalOswal Ventura V/s Indiabulls
Get Latest IPOs / FPOs Information
Current IPO list Grey Market Premium IPO Calendar
IPO Allotment Status IPO Performance Tracker Free IPO Email Alerts
Visit : http://www.chittorgarh.com
Financial Weekly

INVESTMENT
Dalal Street Whispers - Dilip K. Shah
Atul Auto (Rs. 487.00) (Code: 531795) :- Three-wheeler manufacturer Atul Auto and
Greaves Cotton have decided to join hands to develop a power train as per BS VI standards. This
will have a positive impact on both stocks.
Sun Pharma (Rs. 523.00) (Code: 524715) :- The share has underperformed in the
past month. However, current is being seen of late after Credit Suisse upgraded the stock and
gave a target with a 23% upside. The specialty products in the pipeline can help the company
register 20% profit growth in the coming year. The risk reward ratio is favourable.
Reliance Industries (Rs. 843.00) (Code: 500325) :- The company's GRMs are
expected to go up due to rising crude oil prices. Moreover, FII holding in the company has gone up
from 22.43% in June to 23.68% now. The share has also been buzzing after turning ex-bonus last
week.
Capital First (Rs. 801.00) (Code: 532938) :- RBI has recently increased FPI limit in
the company from 24% to 50%. The stock is likely to attract good interest from foreign investors.
Graphite India (Rs. 324.00) (Code: 509488) :- Leading brokerage Jeffries has
given a 'Buy' rating on the stock with a target price of Rs. 432, which reflects 31% upside. It expects
the company to show 116% earnings growth in the next three years.
HPCL / BPCL :- Oil marketing companies' shares have been in the limelight in the past few
trading sessions. Petroleum minister Dharmendra Pradhan has clarified that there are no plans to
regulate petrol or diesel prices. Apart from HPCL and BPCL, shares of IOC will also be in focus.
HEG (Rs. 818.00) (Code: 509631) :- Jeffries has given a 'Buy' rating on the stock of this
graphite electro rods manufacturer with a target price of Rs. 1,050. FIIs have been buyers on the
counter from some time.
Tata Chemicals (Rs. 636.00) (Code: 500770) :- Tata shares have been shining
owing to consolidation plans within the Group. Tata Chemicals is in advanced talks with Nether-
lands-based Indorama Holdings to sell its Haldia fertiliser unit for Rs. 400 - 500 crores.
ICICI Bank (Rs. 292.00) (Code: 532174) :- The Rs. 5,700-crore IPO of its subsidiary
ICICI Lombard General Insurance Company opened on September 15. ICICI Bank is one of the
selling shareholders in the issue. The IPO will help the bank unlock significant value.
Tata Motors (Rs. 401.00) (Code: 500570) :- Jaguar Land Rover is launching new
models, which includes New Discovery and Range Rover Velar. Both trading volume and price
are expected to go up.
Asahi India Glass (Rs. 414.00) (Code: 515030) :- Japan's Asahi Glass is inter-
ested in acquiring more stake in Indian subsidiary Asahi Glass Limited. A deal to acquire 22%
stake is expected to be struck at Rs. 2,500 crores.
Bharat Forge (Rs. 1,240.00) (Code: 500493) :- Both the trading volumes and share
price have gone up in the past week. The company is expected to benefit significantly from grow-
ing truck sales in the US.
Financial Weekly

INVESTMENT
High Risk High Return Shares - Dilip K. Shah
Tata Global (Rs. 210.00) (Code: 500800) :- Tata Group holding company Tata Sons
plans to hike its stake in group companies Tata Global Beverages and Tata Chemicals. It will buy
Rs. 1,458 crore worth of shares of Tata Global Beverages, which will have positive impact on the
stock.
Deepak Fertilizer (Rs. 379.00) (Code: 500645) :- Deepak Fertilizer and GNFC are
seen benefitting from the government's decision to levy anti-dumping duty on ammonium nitrate,
which is used to produce fertilizers, from four countries.
HCL Info / Redington :- Apple has recently unveiled i-Phone 8, i-Phone 8+ and i-Phone
X in US. The phones are likely to be launched in India before Diwali. HCL Info and Redington are
the distributors of Apple in India and are expected to gain from the new launches.
Shemaroo (Rs. 365.00) (Code: 538685) :- This movie-entertainment company has
reported EBIDTA margin of 32.8% for the first quarter, higher than 31.6% in the same quarter last
year. The stock is on the radar of investors.
JSW Energy (Rs. 78.00) (Code: 533148) :- JSW Energy is the integrated power
company of JSW Group. Its shares have surged by 17% in five days, and are seen rising further.
Mirc Ele. (Rs. 24.00) (Code: 500279) :- The company is the manufacturer of electron-
ics under the brand name Onida. It has reported serious numbers for the June quarter. The profit for
the quarter had jumped by 288%.
Hindustan Zinc (Rs. 304.00) (Code: 500188) :- Zinc prices are at 10-month high as
China has shut down some plants over pollution concerns. Analysts are highly bullish on the stock.
DQ Entertainment (Rs. 16.00) (Code: 533176) :- The company has appointed a
new licensing agent for Junglebook in US. The series will be telecast in US on Discovery Kids
channel. The shares hit the 20% upper circuit following the report.
JK Tyres (Rs. 146.00) (Code: 530007) :- The company is likely to hike prices by 7-
8%. The Centre is mulling anti-dumping duty on tyres from some countries, which will benefit JK
Tyres, besides Ceat, Apollo, MRF, and other manufacturers.
HFCL (Rs. 32.00) (Code: 500183) :- The share has jumped by 40-50% in a week due
to aggressive buying by some large investors.
GPT Infra (Rs. 164.00) (Code: 533761) :- The company is likely to bag some good
orders after signing of the Bullet train project agreement between India and Japan.
LT Foods (Rs. 67.00) (Code: 532783) :- Rice output is likely to fall in some states
owing to below-par rain. The geopolitical tensions between US and North Korea will also lead to
higher prices.
AB Capital (Rs. 203.00) (Code: 540691) :- The shares of this Aditya Birla Group
company have surged after listing in the wake of its demerger. Huge movement can be expected in
the stock as the circuit limit is increased from 5 per cent to 20%.
Financial Weekly

INVESTMENT
Lt Col Ajay
Astromoneyguru says 09414056705, 9887056704
Mixed trend in stock market Expected

As per Col Ajay CEO ofwww. ajayastromoneyguru.com The week starts from 18-22 Sept 2017
Planet known as Ketu while Year 2017 is represented by planet known as sun . During week Sun
will conjunction with , Mars and Mercury from Fire sign to Earth sign Virgo . Sun Transit to Leo to
Virgo is an Important astrological event .It is also important that square angel of Sun with Saturn is
also broken .
Our Advance predictions for positive move in stock market previous week once again proved
correct . Recommended stocks EXIDE IND, OIL, LARSEN and Tata Coffee had shown great up-
ward movement in Indian stock market . Remember we shall only Recommend front line strong
stocks .
Now this is unique astrological combination may pull metal , Media, software stocks in Indian
stock market .You may visit our New web site ajayastromoneyguru.com for daily updates and unique
advance predictions on stock, commodities and currency for Indian and Global stock market .
As per stars this week Automobile, Metal , software ,Tea and Coffee stocks should be kept
under observations
(1) Power grid corp (2) REC (3) Vednata (4) Bajaj auto (5) Coal India
As per Astro Economics timely profit

booking is strongly recommended in In-
dian stock market . As per Financial Smart Investment : Subscription Rates
astrology this week Mesh ,Singh and E-Copy Every Saturday eveaning in your Mail-box
1 Year 2 Year 3 Year
Dhanu Rashi traders need to careful in Hard Copy
(Every Monday) 1. Gujarati 1500 2700 3800
big volume trading . You are welcome 2. English 1000 1800 2700
to visit our new web site E-mail Edition
1. Gujarati 1400 2400 3300
ajayastromoneyguru.com for daily up- (Soft Copy)
(Every Saturday) 2. English 950 1700 2400
date on stock and commodities .
(Soft Copy)
The above predictions is made base 1. Smart Plus 1200 2200 3000
(Every Sunday)
on Financial astrology and fundamental Combined Package for Weekly & News Letter
Guj. & English E-Copy
analysis . Risk management is manda- (Every Saturday)
1 Year 2 Year 3 Year
tory tool in trading in stock and commodi- With 1. Gujarati 2200 4100 5700
Smart Plus News
Letter (Every Sunday) 2. English 1800 3300 4500
ties
Internet Payment : Online Payment Gateway Facility
thorugh your Credit / Debit Card is available.
Please logon to Tab Subscribe on our
web : www.smartinvestment.in
Financial Weekly

INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
stockmarket@ganeshaspeaks.com
Sensex Predictions : Dt. 18th September to 22nd September
" Please consider 10 minutes plus and minus in each prediction, and act accordingly. " Ganesha
advises you to compare every prediction with the prediction of the previous time slot. " Please
order your copy of the 2017-18 Stock Market Predictions Book at the following link:- http://
www.ganeshaspeaks.com/orderForm.action?productId=2413
18-09-2017 Monday :- " Lord Jupiter has now entered Libra sign, which will be
highly auspicious for Libra and Aries natives. " You should remain cautious today, as 4 planets
Mercury, Mars, Moon and Venus are together. " The opening will be positive, but after some time
Nifty shall go down, and remain negative till 12.4o. Hence, stay very alert while trading. " From
12.4o till the closing bell, the overall view is positive. You can therefore relax slightly while trading.
19-09-2017 Tuesday :- " From the astrological viewpoint, major changes are not
foreseen today. " Ganesha advises you to pray for your ancestors today and tomorrow. " Between
the opening to 1o.4o Nifty will pass time. Hence, only keep buying and selling. " During this very
small slot from 1o.4o to 11.11 expect a slight technical bounce. But, it is difficult to tell the number
of points. " Between 11.11 to 12.22 selling pressure at Nifty is indicated. " Thereafter, there will be
positive movement in "A" group stocks during this period, except the closing time.
20-09-2017 Wednesday :- " Deal as per your delivery capacity today, advises
Ganesha. " No clear trend is foreseen today. Hence, do not depend on anyone while trading. " Pre-
opening to 11.?7 a zig-zag pattern is indicated. Thus, deal accordingly to avoid problems. " From
11.?7 to 12.17 you will witness mixed to negative results. " Around 12.17 a jump is expected, and
thereafter till 14.37 Nifty will pass time at that particular level. " Between 14.37 to 15.3o a very
strange, confusing and puzzling pattern is foreseen. Wherein, Nifty will initially go up and then
immediately go down. This is slightly risky, hence proceed accordingly. " Remain slightly cautious
today and also during the next 2 days, as tomorrow will be a zero weightage day.
21-09-2017 Thursday :- " Today is a zero weightage day. Hence, it would be better
to plan before taking any risk. " Actually, you should not do Intraday. Yet, you will do so. Ganesha
is therefore predicting accordingly. " From 9.15 to 9.3o Nifty will try to remain positive. " Between
9.3o to 1o.39 Nifty will remain soft. " Divide the period from 1o.49 to 12.2o into 2 parts. Wherein,
Nifty will go up during the 1st part, and then equally go down during the 2nd part. " From 12.2o
onwards will be a boring period in the market. Thus, avoid trading and devote time to your family.
But, if you want to trade, then do jobbing slightly on the up side.
22-09-2017 Friday :- " From 9.15 to 1o.25 Nifty will be mixed to negative. " Between
1o.25 to 1?.53 Nifty will bounce. " From 1?.53 to 12.?3 Nifty will move downwards. " Between
12.?3 to 13.13 Nifty will go up. " From 13.13 to 14.23 there will be a correction around the begin-
ning and the ending time. Whereas, rest of the period will be positive. " At around 14.23 buying is
suddenly indicated, and thereafter the day will end around that same figure.
Financial Weekly

INVESTMENT
News Track
MRSS Singapore obtains

EPU S8 certification
BSE Listed Majestic Research completed the acquisition of Market Probe Asia Pacific
lastmonth. MRSS also has set in motion the integration process with a new leadership
teamannounced last week. Now, MRSS Asia Pacific has received the EPU S8 certification
which would be valid for the next 3 years.
The EPPU is the Expenditure and Procurement Policies Unit, which is in charge of evalu-
ating whether suppliers of goods and services have sufficient financial resources to under-
take Government contracts. The various levels start from EPU S1 and go upto a maximum of
EPU S10.
EPU S8 allows MRSS Asia Pacific to bid for multiple Singapore Govt. tenders up to SGD
10 million each annually with various ministries. There are only a handful of market research
agencies in Singapore who have this grading.
SweeWoon Tan, MD of MRSS Asia Pacific commented " EPU S8 will be a strong competi-
tive advantage for us. We will look deeper into opportunities of providing our services to the
public sector (i.e. Government ministries, departments, institutions, statutory boards, and
other public sector organisations) building a stronger presence "
Raj Sharma, Chairman - Majestic Research added "The renewal of EPU S8 will propel the
organic growth of the Singapore unit. We will to attaining maximum capacity utilization of
this opportunity in the coming 12months. Currently we have S8 certification of EPU, however
in future we will look to achieve S10 certification as well that will allow us to bid for multiple
Govt. project worth more than SGD 30 mn each"
Financial Weekly

INVESTMENT
News Track
VKJ Infra Developers Limited

BSE listed,headquarted at Delhi,VKJ Infra Developers Ltd., engaged into construction of Industrial &
Residential Complexes having setup of state of art ultra modernequipment's for construction activities civil
& structural construction and infrastructure sector projects has informed the Bombay Stock Exchange that
it plans to raise the funds through Preferential Issue at a price of Rs.12 per share including premium of
Rs.11 per equity share and to acquire 100% stake in a Company to make a Wholly Owned Subsidiary
Company, having a land spread in 6 acres area covered under land poling policy notified by the Ministry of
Urban Development and to start construction involving cost around Rs. 120 Crores.
VKJ Infradevelopers Limited is in the process of setting up of joint venture with a Real Estate Giant
whereby it would benefit substantially with the thrust on infrastructure sector by the Government allocating
Rs. 4 lac cr. investment in the sector. Also VKJ Infra is planning major expansion whereby it has identified
several new sites all over India for constructing multi storyed housing & industrial complexes, for which it
is planning major acquisitions of land parcels. The company is further planning to enter Road Construction
business whereby it will construct Road and Bridges on Highways through Government Tenders whereby
Revenues & Profitability will boost substantially.
Nifty & Sensex Movement during the last week

NSE - Nifty Open High Low Close Diff
11-Sep-17 9971.75 10028.65 9968.8 10006.05 71.25
12-Sep-17 10056.85 10097.55 10028.05 10093.05 87
13-Sep-17 10099.25 10131.95 10063.15 10079.3 -13.75
14-Sep-17 10107.4 10126.5 10070.35 10086.6 7.3
15-Sep-17 10062.35 10115.15 10043.65 10085.4 -1.2
Net Weekly Gains 150.6
BSE Sensex Open High Low Close Diff
11/09/17 31,798.31 31,952.87 31,797.89 31,882.16 194.64
12/09/17 32,029.15 32,172.46 31,950.24 32,158.66 276.50
13/09/17 32,188.95 32,348.30 32,126.77 32,186.41 27.75
14/09/17 32,289.26 32,328.61 32,186.84 32,241.93 55.52
15/09/17 32,207.63 32,356.11 32,138.38 32,272.61 30.68
Net Weekly Gains 585.09

SMART - 19 Sept. 2017 PDF

Hochgeladen von

Dokumentinformationen

Originaltitel

Copyright

Verfügbare Formate

Dieses Dokument teilen

Dokument teilen oder einbetten

Freigabeoptionen

Stufen Sie dieses Dokument als nützlich ein?

Sind diese Inhalte unangemessen?

Copyright:

Verfügbare Formate

SMART - 19 Sept. 2017 PDF

Hochgeladen von

Copyright:

Verfügbare Formate

Warning :- Your soft Copy (E-mail Edition) is for your exclusive use only.

Any attempt to share your copy

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

FII Activity (Rs. Cr.)

Most Popular Webstie for the Stock Market Investors

SMART 17th September 2017 to 23rd September 2017 4

COMPUCOM SOFTWARE LTD (532339& NSE)

SMART 17th September 2017 to 23rd September 2017 5

SMART 17th September 2017 to 23rd September 2017 6

SAURASHTRA CEMENT LTD

English & Gujarati Edition Gujarati Edition

SMART 17th September 2017 to 23rd September 2017 7

Nifty Struggling For Making Historic High

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

SMART 17th September 2017 to 23rd September 2017 8

Rapid Fire Stocks

Atlas Cycles (Haryana) Ltd. (Rs. 408.00)

Aditya Birla Capital Ltd. (Rs. 203.00)

SMART 17th September 2017 to 23rd September 2017 10

SMART 17th September 2017 to 23rd September 2017 11

NEW HIGHS VERY SOON

This Weeks Recommendations

SMART 17th September 2017 to 23rd September 2017 12

SMART 17th September 2017 to 23rd September 2017 13

Nifty barely any Bullish !

PERFORMANCE OF RISING STAR till Today

SMART 17th September 2017 to 23rd September 2017 14

SMART 17th September 2017 to 23rd September 2017 17

Stock Buzz Subramanian Mahadevan

Dish TV India Limited (Rs.78):

SMART 17th September 2017 to 23rd September 2017 18

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

Nifty (10000) a major support for Bulls

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

SMART 17th September 2017 to 23rd September 2017 19

Manufacturing Facilities : Goa Plant-I, II, III, Baddi, Waluj

SMART 17th September 2017 to 23rd September 2017 20

SMART 17th September 2017 to 23rd September 2017 22

Technical News : 18-9-2017 to 22-9-2017

Buy or Sell, Confused ?

SMART 17th September 2017 to 23rd September 2017 23

Terrific Shots - Dilip K. Shah

Skipper Ltd (Rs.218.00) (Code:538562) :- Kolkata-based company manu-

SMART 17th September 2017 to 23rd September 2017 24

Important Support for Index at 31915 and

SMART 17th September 2017 to 23rd September 2017 25

Dilip Davda Best Buy

Local support keeps market in a green zone

SMART 17th September 2017 to 23rd September 2017 26

SMART 17th September 2017 to 23rd September 2017 27

Scrip Watch - Dilip K. Shah

SMART 17th September 2017 to 23rd September 2017 28

Market Tips - Dilip K. Shah

SMART 17th September 2017 to 23rd September 2017 29

SMART TIPS Smita N. Zaveri

JK Tyres (Rs. 150.00) (Code: 530007) :- Shares of A group listed JK Tyres

SEBI Registered Research Analyst)

SMART 17th September 2017 to 23rd September 2017 30

Smart super duper - Dilip K. Shah

SMART 17th September 2017 to 23rd September 2017 31

Investment Ideas telegram.me/rupeegains7

Article by www.rupeegains.com Some Smart Recommendations

SMART 17th September 2017 to 23rd September 2017 32