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CONSOLIDATION AT THE TOP Market Scan

Jatin Sanghavi
Dark Horse
Bank of Mah.
BIG MOVE ROUND THE CORNER (Mumbai)
(M) 098205 26455
FAZE THREE LTD
(530079) (50) (532525 & NSE)
Both Sensex and Nifty have en- Range. A bullish breakout will take
E-mail :
tered a Bullish consolidation phase the Nifty to achieve the target 12211- (Face Value Rs.10) (19.3) (FV: Rs.10)
post registering life-high levels. Both 12232, whereas a bearish breakout jatinsanghavi100@yahoo.com
is likely to take the indices to test the Particulars 9 Months Ended
the indices are in a Trading Range
and the boundaries are defined by 9MFY19 9MFY18 % Var.
the 20dma on the lower side which : INDEX LEVELS : S a l e s 202.50 177.96 13.8
continues to act as strong Support S3 S2 S1 Close R1 R2 R3 PBT 13.59 6.53 108.1
and the Life-high levels which con-
NIFTY 11434 11549 11644 11754 11856 11973 12089 NP 12.06 7.32 64.8
tinue to act as Resistance or the
upper boundary of the Trading SENSEX 37667 38172 38663 39067 39487 39838 40226 EPS 4.91 3.03 62
lower bottom at 11311. Interest- is round the corner, which can pro- Incorporated in 1985, Mumbai Founded in 1935, Bank of
This Weeks Recommendations ingly, even as both the indices pel various mid-c ap stoc ks to a based Faze Three Limited manufac- Maharashtra provides various bank-
Rec. Name CMP SL TGT-1 TGT-2 are enjoying life-high levels, more justifiable valuations. tures and sells home furnishing prod- ing products and services in India.
Buy UltraTech 4609 4533 4723 4841 mid-caps and small-caps are Technically Speaking :- ucts in India. It offers bathmats, door- The company operates through
Buy Bajaj Fin. 3096 3043 3177 3259 lagging way behind. Mid-cap 50 Sensex opened the week at 39158, mats, blankets, rugs, cushions, Treasury,
Buy Auro. Ph. 831 817 853 877 Index, is still more than 16% made a high of 39262, low of 38518 (Cont. on P. No. 6)
away from their life-high levels and closed the week at 39067. Thus
(Cont. on P. No. 6)
Buy MCX 839 822 865 893
Buy DCB 215 210 223 232 and a potential bullish breakout it closed the week with a loss of 73
points. At the same time the Nifty
opened the week at 11727, made a Three steps to Billionaire
high of 11796, low of 11564 and
closed the week at 11754. Thus the
Seminar, 5 to 7 pm, 4 May, Saturday, Chennai
Nifty closed the week with a gain of • How to become a persistent WINNER
2 points. On the daily charts, both
Sensex and Nifty has made
• Journey from Rs 1 lac to Rs 100 Crores
(Cont. on P. No. 6) A K ASNANI
(STOCK ADVISOR, AUTHOR, COACH)
Resistances are 31 YEARS EXPERIENCE, QUALIFIED (BE, MBA, PHD-PUR)

Opportunity not to be missed

overwhelming the Supports Jignesh R Mehta Free Reg.: http://tiny.cc/u2ds5y • Contact: 9131361959,
We hope that you all remember that the similar heading was given in our Ring : 93 27 11 33 44 support@smartverc.comWhatsapp: 09755920780, Venue:
Twitter: @jigneshrmehta
last article. The same picture continues for both the indices and hence same
kind of caption is given to this article as well. Last week which has been
(SEBI Registered Research Analyst) HCK Memorial Hall, Greams Road, Chennai
E-mail : support@kiranjadhav.com
concluded, has seen all kind of moves. In last three days, we saw up move Website : www.KiranJadhav.com
on Wednesday, down on Thursday and again an up move. All and all we are still consolidating. This time round
market has supports 11575 on Nifty and 29480. However the sense that we make out of the current structure is that Rapid Fire Stocks
Mastek Ltd. (480.45), NSE: MASTEK the supports are still not very strong
compare to resistance of the mar- Get Expert tips on Share Trading
SECTOR:Computers-Software kets. Going above these resistances With Personal Assistance for your Trades
are still tough and they are 11800
and 30400 for Nifty and Bank Nifty and Capital Protection at a Very Nominal Cost
respectively.
Let the Experts Guide Whatsapp @
(Cont. on P. No. 6)
you towards the
Think about journey of Profits ! 9769037711
NIFTY FUTURE ?
Think
NIFTYPREPAID.COM
Enjoy REAL Profit !!!!
BULLISH INDIA
Make CONSISTENT Profit !!!! BULLISHINDIA.COM
BUY.... BUY....BUY TIPS OF THE WEEK (India’s Favourite Stock Market Research House)

Co. Name Code Price Co. Name Code Price

8401810865 (Finally, Some Good News for Investors/Traders)
One more feather Added to our crown
Bank of Mah. 532525 19.00 Grasim 500300 912.00 Sensex-Nifty is at life highs Our Newly Launched Stocks 10x Gave
Tata Power 500400 67.00 HDFC Bank 500180 2275.00 But Your portfolio is still
J K Tyre 530007 89.00 Balkrishna Ind. 502355 936.00
Astonishing 102% Return in Just 19 Days.
down by 30-50% ??? STOCKS 10X
Praj Ind. 522205 140.00 UPL 512070 967.00
You want to reshuffle (5 Stocks in a Year, That’s all)
Granules India 532482 113.00 Vinati Org. 524200 1769.00
your loss making stocks 2 Stocks already Released (Another 100-200% Return in expected there)
GHCL 500171 256.00 Mastek 523704 481.00
L & T Techno 540115 1736.00
into profitable ones ? 3 More Coming Shortly, make sure you be there.
Jai Corp. 512237 121.00
For register whatsApp - To Subscribe Sebi Research
ICICI Bank 532174 407.00 PVR 532689 1717.00
Minda Ind. 532539 374.00 Dr. Reddy 500124 2898.00
Your name, www.bullishindia.com Analyst No. : INH100004997
Mobile number, City on Sebi Investment
Hexaware 532129 352.00 Ultratech 532538 4613.00 info@bullishindia.com
Advisor No. : INA100009983
INOX Leisure 532706 311.00 M & M Fin. 532720 413.00
7744804098 9988137985
 Financial Weekly
Financial Weekly

2 28th April to 4th May 2019

28th April to 4th May 2019
S
S M
MAARRTT
INVESTMENT
INVESTMENT
Rapid Fire Stocks - Kalpna J For Next Week NIFTY has Investment Ideas
(Email- Kjtech79@gmail.com) (Ring : 97690 37711) Twitter : @Kj_TechTrades
Strong support around 11660 levels telegram.me/rupeegains7
HDFC Bank (Rs. 2292.00) NIFTY For next week NIFTY has strong support around 11660 levels. Break will take it to 11625-11575 levels.
On the upper side NIFTY will face strong hurdle at 11825 levels, cross over with volume and close above will create
Target - 2450 to 2775 ,SL- 2093,
short covering at take NIFTY up to 11875-11950 levels…
Time Frame 9 to 24 Months ( Add in Dips )
BANK NIFTY :- For next week BANK NIFTY has strong support around 29820 levels. Break will take it to
The Housing Development Finance Corporation Limited (HDFC) was
29560-29510 levels. On the upper side BANK NIFTY will face strong hurdle at 30290 levels, cross over with volume
amongst the first to receive an 'in principle' approval from the Reserve Bank
of India (RBI) to set up a bank in the private sector, as part of RBI's liberalisation and close above will create short covering at take BANK NIFTY up to 30500-30670 levels…
of the Indian Banking Industry in 1994. The bank was incorporated in Au-
gust 1994 in the name of 'HDFC Bank Limited', with its registered office in
Mumbai, India. HDFC Bank commenced operations as a Scheduled Com-
:- INVESTMENT IDEAS -:
ITL INDUSTRIES LTD (522183) (SUCROSA) is one of the leading product mix. The company making
mercial Bank in January 1995.
(171.15) (Face Value Rs.10) :- In- players in Agrochemical Industry strategically plans to enter new re-
The Bank has three primary business segments, namely banking, whole-
corporated in 1986, Indore based ITL with presence in more than 8 states gions, getting geographical benefits,
sale banking and treasury. The retail banking segment serves retail custom-
ers through a branch network and other delivery channels. This segment Industries Limited manufactures and with 2100+ distributors' network. The to increase the sales. With our com-
raises deposits from customers and makes loans and provides other ser- sells band saw machines, CNC tube Company was incorporated in 1987 mitment to launch 3-4 high margin &
vices with the help of specialist product groups to such customers. The mills, and machine tools in India and with the aim of crop protection. It en- high demand products every year in
wholesale banking segment provides loans, non-fund facilities and transac- internationally. ITL's list of custom- gaged in manufacturing of various our R&D market, we are looking at
tion services to corporate, public sector units, government bodies, financial ers reads like who's-who of Indian types of agro chemicals like techni- improved margins in the coming
institutions and medium-scale enterprises. The treasury segment includes Engineering Industry. All the major cal grade pesticides, formulation of years. We also want to increase our
net interest earnings on investments portfolio of the Bank.The Banks ATM Steel Plants, Forging Industries, De- insecticides, fungicides and distributor network from 2100 to
network can be accessed by all domestic and international Visa/MasterCard, fense Establishments, Railways weedicides since inception. At atleast 4000 by 2020. Nutraceutical
Visa Electron/Maestro, Plus/Cirrus and American Express Credit/Charge Workshops, Bharat Heavy Electri- present, the company supplies more industry has very high growth pros-
cardholders. The Banks shares are listed on the Bombay Stock Exchange cal Units, Steel Tube Plants, Re- than 100 products in the market un- pects in future. Hence, we are soon
Limited and The National Stock Exchange of India Ltd. The Banks American search Organizations like BARC, der various brand names. The Com- planning to make debut in
Depository Shares (ADS) are listed on the New York Stock Exchange (NYSE) NFC, DMRL, ISRO, MIDHANI and pany moves towards biological and nutraceutical segment for which we
and the Banks Global Depository Receipts (GDRs) are listed on Luxembourg HINDALCO etc. And Heavy Engi- herbal products which are based on have already acquired HACCP,
Stock Exchange.HDFC Bank Ltd Was incorporated on August 30, 1994 by FSSAI, and GMP certifications. So far
neering Industries are the custom- sustainable development that bal-
Housing Development Finance Corporation Ltd. In the year 1994, Housing
ers of ITL. With an equity capital of ances the need for economic growth we have completed one product
Development Finance Corporation Ltd was amongst the first to receive an in
Rs.3.20 crore and huge reserves with environmental protection and "Spirulina" on nutraceutical front and
principle approval from the Reserve Bank of India to set up a bank in the
private sector, as part of the RBIs liberalization of the Indian Banking Industry. Rs.32.37 crore, ITL's share book social equity. The Technical Grade rest of the products are in our R&D
value works out to Rs.111. During Pesticides manufacturing unit & for- pipeline, in the near future we will be
Infosys (Rs. 738.00) 9MFY19, its PAT zoomed 56.39% to mulation unit are located at Himatpura launching it. Recently, Promoters in-
Targets - 900-1050, Time Frame - 5 to 12 months, SL- 680 Rs.4.75crore from Rs.3.04crore in in Bilodra about 65 kms away from creased their stake through buying
Infosys a global leader in next-generation digital services and consulting, 9MFY18 on 22.51% higher sales of Ahmedabad on 20,000 sq. yd. land. shares from open market which is
and Roland-Garros, announced a strategic three-year technology partner- Rs.69.26crore fetching an EPS of During FY18, its net profit jumped positive sign. Everyone, whose finan-
ship. The collaboration is aimed at enriching the game by providing fans, Rs.14.82. Its top-line has grown at 78.34% to Rs.4.94crore from cial advisor is allowing to trade in this
players and coaches with a completely new experience, leveraging Infosys’ 17% CAGR over the last four years Rs.2.77crore in FY17 on sales of stock for medium to long term can
expertise in digital technologies such as artificial intelligence, big data & and its bottom-line has grown at 45% Rs.68.29crore fetching an EPS of watch with a stop loss of Rs.20.
analytics, mobility, virtual and augmented reality. Infosys is a global leader in Disclosures: At the time of writing this article,
CAGR over the last four years. Rs.1.28. Its bottom-line has grown at author, his clients & dependent family members may
next-generation digital services and consulting. They enable clients in 45 At CMP, ITL trades at P/E ratio 133% CAGR over the last three have positions in the stocks mentioned above. The
countries to navigate their digital transformation. With over three decades of of just 7.6x and is available at 39% years. During Q3FY19, its net profit author, his firm, his clients or any of his dependent
family members may make purchases or sale of the
experience in managing the systems and workings of global enterprises, and discount to its 52-week high of grew 27% to Rs.1.45crore from securities mentioned in website. Author may have
expertly steer the clients through their digital journey. They do it by enabling Rs.280. Everyone, whose financial Rs.1.14crore in Q3FY18 on higher positions in above stocks so have vested interest
obviously in their going up or down as the case may
the enterprise with an AI-powered core that helps prioritize the execution of advisor is allowing to trade in this sales of Rs.17.47crore. For 9MFY19, be. Disclaimer: Investing in any equity is risky. Our
change and also empower the business with agile digital at scale to deliver recommendations are based on reliable & authenti-
stock for medium to long term can it posted 10% higher PAT of cated sources believed to be true & correct, and also
unprecedented levels of performance and customer delight. Their always-on
watch with a stop loss of Rs.140. Rs.4.06crore on higher sales of is technical analysis based on & conceived from
learning agenda drives their continuous improvement through building and charts. Investors should take their own decisions.
transferring digital skills, expertise, and ideas from the innovation ecosystem.
SUPER CROP SAFE LTD Rs.51.90crore and an EPS of Rs.1.03. We assume no responsibility for any transactions
(530883) (25) (Face Value: Rs.2) :- Future Plans: Our intent is to become undertaken by them. The author won't be liable or

United Breweries (Rs. 1435.00) Super Crop Safe Limited a pan India player with significant
responsible for any legal or financial losses made by
anybody.

Targets of 1650 -1890, Time Frame - 5 to 24 M Months

United Breweries Limited is synonymous with innovation and aggressive
marketing that is complemented by a strong distribution network which encom-
ICICI Bank (Rs. 407.00) (Code
: 532174) (F. V. : 2.00) : ICICI Bank
will offer loans to its customers who
Scrip Watch PVR Ltd (Rs. 1717.00) (Code :
532689) (F. V. : 10.00) : PVR Ltd. is
the largest and the most premium film
passes an impressive spread of owned and contract manufacturing facilities
are planning to buy two and four-
Siddharth Shah exhibition company in India. Since its
across the country.The company was bought by the late Mr. Vittal Mallya in
wheelers up to Rs.2 lakh and Rs.20 tors. In short, operations span across inception in 1997, the brand has rede-
1947, and since then, has consistently tasted success and never looked back.
lakh, by providing the final sanction all the three sectors of the Indian fined the cinema industry and the way
Their flagship brand 'Kingfisher', has achieved international recognition consis-
letter instantly. The bank will offer economy: farming, manufacturing and people watch movies in the country.
tently, and has won many awards at international beer festivals. Our most
100% of the on-road price of vehicle. services. As such, there is a unique The company acquired Cinemax in
popular beer, Kingfisher Premium Lager beer, is currently available in 69 coun-
As on December 31, 2018, the bank opportunity to capitalize on India's 2012 and had taken over DT Cinemas
tries and leads the way among Indian beers in the international market.
had an outstanding auto loan book of growth potential in a wholesome man- in the year 2016 serving 76 million pa-
IndiGo (Rs. 1481.00) Rs.53,000 crore. The auto loan port- ner. Revenues grew 10% to Rs trons annually. Currently PVR oper-
folio is 16% of the bank’s total retail ates a cinema circuit of 745+ Screens
Target - 1750- 2600 , SL- 1320, Time : 12 to 24 Months 33003.54 crore and profit after tax
160+ Properties 62+ Cities (21 states
loan book and is growing at a rate of increased 8% to Rs 8982.42 crore
IIndiGo is a low-cost airline headquartered at Gurgaon, Haryana, India. It
17-18%. The retail franchise is sup- and the operating profit margins went and 1 Union Territory). PVR Ltd, the
is the largest airline in India by passengers carried and fleet size, with a 39.9%
ported by a wide distribution network up 700 basis points to 38.6% in the integrated ‘film and retail brand’ has
market share as of February 2018. It is also the largest individual Asian low-
and strong digital and technological nine months ended December 2018 PVR Cinemas as its major subsidiary.
cost carrier in terms of jet fleet size and passengers carried, and the Seventh
capabilities. Goldman Sachs hiked the over a year ago.Sales of cigarettes Its other two subsidiaries are PVR
largest carrier in Asia with over 46 million passengers carried in 2017. The
target price on the stock to Rs 492 stood at Rs 15227.03 crore and ac- Leisure and PVR Pictures. PVR Pic-
airline operates to 50 destinations both domestic and international. It has its
from Rs 451, highlighting it sees a counted for 41% of the total sales in tures has been a prolific distributor of
primary hub at Indira Gandhi International Airport, Delhi.
turnaround in the corporate business. the nine months. Profit before inter- non-studio/ independent international
The airline became the largest Indian carrier in passenger market share
Goldman Sachs expects the private est and tax (PBIT) went up 9% to Rs films in India since 2002. With over
in 2012. The company went public in November 2015.
sector lender to deliver a return on 10695.12 crore and comprised 85% 350+ Hollywood, 175+ Hindi, 75+ re-
The company operates its flights under the IndiGo brand. It has a fleet of
assets (RoAs) and return on equities of the total PBIT. Sales of the agricul- gional films across genres being re-
160 aircraft including 32 new generation A320 NEOs and 5 ATRs. IndiGo
(RoEs) of 1.8 per cent and 17 per ture division climbed up 17% to Rs leased under this banner over more
currently operates flights connecting 50 destinations - 42 domestic and 8
cent, respectively over FY20-21. In- 7295.61 crore and accounted for 20% than a decade, PVR Pictures has the
international. InterGlobe Aviation was originally incorporated in Lucknow as
vest. of the total sales in the nine months. highest box office shares of indepen-
InterGlobe Aviation Private Limited a private limited company under the Com-
ITC (Rs. 304.00) (Code : PBIT declined 13% to Rs 629.39 crore dent foreign language films in the coun-
panies Act 1956 on January 13 2004 with the Registrar of Companies Uttar
500875) (F. V. : 1.00) :- ITC is a and consisted of 5% of the total PBIT. try. Last year, it acquired SPI cinema
Pradesh and Uttaranchal at Kanpur. Pursuant to a special resolution of the
multi-business enterprise. There is The stock has been in strong hands in south. The stock hit 52-week high
shareholders of the Company on June 30 2006 the Company was converted
presence in the FMCG, paperboard as it has not fallen below Rs.260 in of Rs.1737 last week. Still, the mo-
into a public company and the name of the Company was changed to
and packaging, agriculture, hospital- recent correction. It is one of the best mentum is on. Buy in phased manner.
'InterGlobe Aviation Limited' subsequent to which a fresh certificate of incor-
ity and information technology sec- bet in FMCG. Buy.
poration was issued by the Registrar of Companies National Capital Territory
***
of Delhi and Haryana on August 11
2006. On 23 Dec ember 2017 Buy... Buy... Buy on Dips Hold Sell on High
InterGlobe Aviation announced that
IndiGo on 22 December 2017 became TBZ 64.00 Thangamayil 326.00 BOB 123.00 Maruti 6832.00
the first Indian carrier to operate 1000 Mukta Arts 49.00 Orient Ele. 166.00 LUPIN 868.00 Voltas 609.00
plus flights in a day.IndiGo also took Spice Jet 134.00 Heidelberg Cem. 182.00 ONGC 168.00 Sun TV 575.00
the delivery of its 31st Airbus A-320
Cineline 45.00 Crompton Greaves 228.00 V-Mart 2702.00 Manappurm Fin. 119.00
Neo aircraft on the same day to join
its ever growing fleet making the first Bodal Chemical 127.00 India Cement 110.00 IOC 152.00 HOEC 127.00
Indian carrier with 150 aircraft fleet.
Prism Cement 97.00 Alicon Castalloy 630.00 Titan 1138.00 Godfrey Phillips 1126.00
For the quarter ended 31-03-2018, the Ramco Cement 782.00
Shalimar Paints 84.00 Aurobindo Pharma 830.00 Bajaj Auto 3047.00
company has reported a Standalone
sales of Rs 5799.11 Crore,Sales of Guj. Alkalies 489.00 CEAT 1081.00 Tech Mah. 823.00 TCS 2238.00
Rs 4848.22 Crore Company has re- I.B. Ventures 319.00 BPCL 370.00 Jet Air. 167.00
ported net profit after tax of Rs 117.64
NIIT 110.00
HPCL 282.00 Kewal Kiran 1340.00 Jain Irrigation 58.00
Crore in latest quarter. I.B. Real 125.00
Finolex Ind. 465.00 IndiGo 1482.00 Dolphin Offshore 48.00

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

Financial Weekly
Financial Weekly

S
S M
MAARRTT
INVESTMENT
INVESTMENT
28th April to 4th May 2019
28th April to 4th May 2019
3
Techno Funda Sachin Shah
(Mumbai)
Stocks to be considered for investment
stock from the current level. However,
sound stocks SME stocks are giving good

E
returns. It is needed to invest in it will not take much time to get traded

SM
the SME stocks with strong fun- in three figures. It came up with IPO at
ONGC LTD (500312 & NSE) (168) (FV 5) price of Rs63 and got listed at Rs64
Maharatna ONGC is the
largest crude oil and natural
gas Company in India, con-
damentals for long term.
Ushanti (Rs.64.00) (NSE)
(Market Lot Si ze: 2000
Stocks Dilip K. Shah on April 3, 2018. During 52 week, the
stock went up to Rs68. It can be in-
vested from long term correction point
shares) :- Ushanti Colour Chem its income. It exports its products in
tributing around 70 per cent of view.
to Indian domestic produc- Ltd is Gujarat-based company set 16 countries like UK, US, Argentina,
China and Korea. The stock got
Marine Electricals
tion. Crude oil is the raw ma- up ti 1973. It production and trading (Rs.100.00) (NSE SME) (Lot
terial used by downstream of different types of colours and dye- listed at Rs64.20 on August 2, 2018.
companies like IOC, BPCL, stuff. It has got approval for produc- Looking at the fundamentals of the Size: 2000 shares) :- The com-
and HPCL to produce petro- tion of CPC Blue and Cued Dyestuff, company, it can be said that it may pany was set up in Mumbai in 2007.
leum products lik e Petrol, which is witnessing higher demand. get traded in three digits. It has been It provides electrical solutions in ma-
Diesel, Kerosene, Naphtha, and Cooking Gas-LPG. ONGC Videsh is a The company's portfolio includes in consolidation zone of 46 to 74 af- rine and non-marine sectors. It has
wholly owned subsidiary of Oil and Natural Gas Corporation Limited Synthetic and Organic Dyes, Cop- ter bullish trend. relations with Schneider and Si-
(ONGC). ONGC Videsh has participation in 41 projects in 20 countries per Phthalocyanine, Blue Cued, etc. Benara Bearings (Rs.23.00) emens. It has a manufacturing unit
namely Azerbaijan, Bangladesh, Brazil, Colombia, Iraq, Israel, Iran, The products are mainly used in (Code:541178) (Lot Size: 2000 in South Goa. It came up with IPO at
Kazakhstan, Libya, Mozambique, Myanmar, Namibia, Russia, South Sudan, price of Rs66 and got listed on Oc-
Sudan, Syria, United Arab Emirates, Venezuela, Vietnam and New Zealand.
textile, garments, cotton, leather, ny- Shares) :- It's time to average out in
lon, paper, wool, ink, wood and plas- tober 11, 2018 at price of Rs66.
ONGC Videsh maintains a balanced portfolio of 15 producing, 4 discov- this SME Counter. The company with
tic industries. It is paying attention Since then the stock prices have
ered/under development, 18 exploratory and 4 pipeline projects. ONGC is annual profit of 3.5 crore is a name of
on Turquoise Blue Dyestuffs and pig- gone up to Rs112. The stock can be
having 71.62% stake in MRPL & 51.11% stake in HPCL also. repute in bearing and piston segment.
ments. Export accounts for 54% in considered from long term invest-
9MFY19 9MFY18 The downsize seems limited in this
ment.
Sales 82896.09 cR. Income 61034.27 Cr.
L&T Info. : With or Without MindTree, growth will continue
PAT
Sales Growth
22671.19 crore PAT
35.82% PAT Growth
14030.14 Cr.
61.59% M&M Finance Q4 net profit up 87 per cent Smart Best
Technical Observations : ONGC Ltd currently trades at 168. The 52
week high/low for the stock are 192/127.60 respectively. The stock has
formed a double bottom at 127.60 earlier this year on monthly charts
AU small Finance Bank : Net Inerest Margin up 83 per cent
HDFC Bank’s Q4 up 23%, as usual
Buy S. N. Zaveri
taking support at the low of 2016 and started rising gradually over the last The board has recommended a divi- sides impressive Q4 financial perfor-
3 months to current market price of 168.The stock is now sizably 30%
L&T Infotech (Rs. 1709.00) mance, analysts said, easing of liquid-
: L&T Infotech’s industry beating dend of Rs 4 or 200 per cent per share
above the 52 week low and trading above its 5,10,20,50,100,200 day and also a special dividend of Rs 2.50 ity concern for the NBFC sector fol-
growth is expected to continue. L&T lowing the dovish stance of the RBI
simple and exponential moving averages moving averages on daily chart. aggregating Rs 6.50 per share of the
Infotech’s long client list includes 63 has revived the sentiment for the
Coming to indicators the ADX, MACD and parabolic SAR have all face value of Rs 2 each for the financial
Fortune Global 500 companies. Due stock. For the Q4, the bank’s profit
triggered a buy signal on daily chart and weekly charts. We recommend year ended March 31, 2019.The spe-
to its focus on large deals, it also grew 42 per cent at Rs.118 crore yoy.
buying the stock and adding on dips with target of 212 achievable within cial dividend is being recommended in
boasts of higher revenue per client Net interest margin surged 83 per
the next 12 to 15 months. the light of successful completion of 25
compared to peers. Due to its strong cent to Rs.851 crore. Besides, its
ADANI PORTS (532921 & NSE) (391) (FV 2) position, L&T Infotech’s ranks higher years of the company's business op-
assets under management and loan
than its mid-cap peers on metrics erations. There might be some more
Adani Ports and Special dis burs ements also saw healthy
such as return on capital employed, positives in this year. Buy.
Economic Zone (APSEZ), a growth. With the higher base and re-
part of globally -div ersified Ebitda margin, etc. Ebitda stands for AU Small Finance Bank
cent slowdown in auto industry, AU
Adani Group, is the largest earnings before interest, tax, depre- (Rs. 638.00) : AU Small Finance Bank’s growth is likely to be impacted
port developer and operator ciation and amortisation. Analysts Bank has turned attractive for ana- in the near term. On the liability front,
in India. In less than two de- have started getting bullish on L&T lysts once again. In the last one month, it has successfully scaled up its de-
cades, the company has built Infotech because the recent correc- it surged 8.8 per c ent against posits and replaced the high-cost bor-
a formidable presence in port tion has brought down its valuations Sensex’s return of 2.33 per cent. Be- rowings. Invest.
infrastructure and services. to attractive levels. Though L&T
APSEZ's 10 strategically lo- Infotech counter will remain under
cated ports and terminals - Mundra, Dahej, Kandla and Hazira in Gujarat,
Dhamra in Odisha, Mormugao in Goa, Visakhapatnam in Andhra Pradesh,
pressure in the short term—till there
is clarity on its Mindtree bid—the cur-
TECHNICAL TALK -Dhananjay Kadam
and Kattupalli and Ennore in Chennai - represent 24% of the country's total rent low valuation offers a good en- TECHNICAL ANALYST, M. 7588622374
port capacity, handling vast amounts of cargo from both coastal areas try point. Even if bid fail, the com-
and the vast hinterland. The company is also developing a transhipment pany will continue organic growth.
Buy.
Stocks for Handsome gains
port at Vizhinjam, Kerala. In last article, had given a short sell call on Indiabulls housing finance. It
Q3FY19 Q3FY18 HDFC Bank (Rs. 2275.00) achieved the target within the timeframe. Other calls are open.
Sales 2823.91 crore Income 2688.85 crore : HDFC Bank’s Q4 net profit grew by
22.62 percent year-on-year to Rs
MCX : (Last close Rs 839)
PAT 1408.60 crore PAT 994.07 crore
Sales Growth 5.02% PAT Growth 41.70% 5885 crore, driven by growth in its :- Multi Commodity Exchange of India
net interest income and by growth in Limited (MCX) operates an electronic
Technical Observations : Adani Ports trades at 391. The 52 week high/
its operating income. Net interest in- commodity futures exchange.
low for the stock are 415.65/292.10 respectively. The stock consolidated in a
come increased 22.8 percent to Rs Due to some internal management
range between 446 and 292 between 2017 and 2019 and is now breaking out
13,089 crore driven by average as- problems, from Oct 2016 it was con-
of the falling channel suggesting strong upside from current levels. The stock
set growth of 19.8 percent and a core stantly started downmove from Rs
is trading above its 5,10,20,50 and 200 day simple and exponential moving
net interest margin for the quarter of 1400. In the year 2018, in the months
averages. Coming to indicators the ADX and parabolic SAR have triggered a
4.4 percent. HDFC Bank registered of Jan, March and in Oct , March 2019 it took good support around Rs 650.
buy signal on daily chart and weekly and super trend is in buy mode on
a healthy credit growth of 24.5 per- From that points, it gave a good vertical upmove i.e upto Rs 820. It was later
monthly chart. We recommend buying the stock at CMP and adding on dips
cent in Q4 with the total loan book at in consolidation for 4-6 weeks. On Daily chart - 26/04/19', It gave a fresh
with target of 515 achievable within the next 21 to 24 months.
Rs 8,19,401 crore. This was well bullish flag breakout with more than 4 times increase in volume as com-
HCL Techno (532281 & NSE) (1138) (FV 2) above system growth of 13.24 per- pared to previous trading session. As per this pattern, one can buy MCX for
HCL Technologies is a next- cent. Deposits grew at the pace of a price target of Rs 910-930. It gave good move so, it may correct due to
generation global tec hnology 17 perc ent over last year at Rs profit booking. Keep a stop-loss of Rs 814 on daily closing basis. Time
company that helps enterprises 9,23,141 crore, as compared to the frame is 25-30 days.
re imagine their businesses for growth of 10 percent in the banking HCL Tech : (Last close
the digital age with technology system. Liquidity coverage ratio was Rs 1140) :- HCL Technologies
produc ts , serv ic es and engi- at 118 percent. Operating income Limited is engaged in providing a
neering built on four decades of climbed 22.7 percent to Rs 10,843.6. range of software development
innovation. With a worldwide net- The bank's capital adequacy ratio s ervices, busines s proc es s
work of R&D, innovation labs and improved to 17.1 percent as on outsourcing services and informa-
delivery centers, and 132,000+ ideapreneurs working in 44 countries, March 31, 2019, from 14.8 percent a tion technology infrastructure ser-
HCL serves leading enterprises across key industries, including 250 of year ago.For the financial year 2018- vices. HCL Tech had given a good
the Fortune 500 and 650 of the Global 2000. Company has an integrated 19, the bank registered a 20.5 per- vertical upmove from Rs 1010 to
portfolio of products, solutions, services, and IP through Mode 1-2-3 strat- cent year-on-year growth in net profit Rs 1133 from 26/03/19' to 03/04/
egy built around Digital, IoT, Cloud, Automation, Cyber security, Analytics, at Rs 21,078.1 crore and its net in- 19'. Later it was in good consoli-
Infrastructure Management and Engineering Services, amongst others, to terest income increased by 20.3 per-
dation for the next 15 days. On 26/04/19', it gave a fresh breakout with good
help enterprises re imagine their businesses for the digital age. cent to Rs 48,243.22 crore. Buy at
buying volumes. It has formed a bullish flag pattern on daily charts. As per
decline.
Q3FY19 Q3FY18 the pattern, one can buy for a price target of Rs 1210. Stop-loss would be
Income 15699 crore Income 12809 crore M&M Finance (Rs. 413.00) : Rs 1112 on daily closing basis. Time frame is 1 month.
PAT 2605 crore PAT 2075 crore Mahindra Finance has reported an 87 Nifty - (Spot Last close
Income Growth 22.56% PAT Growth 25.54% per cent rise in net profit to Rs 588 crore
for the fourth quarter ended March 11,755) :- NF from 29/03/19' is
Technical Observations : HCL Tech currently trades at 1138. The trading above the range of 11,535.
2019. The company's standalone net
52 week high/low for the stock are 1169.85/880.05 respectively. The stock It made a high of 11,856. In the last
profit had stood at Rs 314 crore in the
consolidated in a range between 704 and 1125 between 2014 and 2019 one month, NF went down on many
corresponding quarter a year ago. To-
and is now breaking out of the range suggesting strong upside from cur- occasions, however it didn't broke
tal income increased to Rs 2,480 crore
rent levels. The stock is trading above its 5, 10,20, 50 and 200 day simple 11,535. It acted as good support.
as compared with Rs 1,808 crore in the
and exponential moving averages. In the coming week, there are good
year-ago quarter. Strong recoveries and
Coming to indicators the ADX, MACD and parabolic SAR have all chances and it seems NF will not
provisioning write back of Rs 115 crore
triggered a buy signal on daily chart, weekly and monthly charts. We break support of 11,535. Also in
resulted in gross NPA improving by 180
recommend buying the stock at 1139 with target of 1600 achievable within
basis points sequentially to 5.9 per cent. May series, there are good chances of upmove and new highs on NF.
the next 21 to 24 months.

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

 y Market
Primar
Financial Weekly

4 28th April to 4th May 2019 SMART

INVESTMENT Dilip K. Shah
In last ten years from 2008 to 2018 out of total 164 IPOs 100 IPOs are in discount: Infra and Realty witnessed highest correction Jinaams Dress' BSE SME IPO g
Against that out of six IPOs that hit the market in 2019 total 5 IPOs are being traded at premium When and how will be
In the first four months of current year out of 10 SME IPOs 5 are positive and 5 are in negative zone
In the current C.Y. Rs9591.71 crore raised from the market against Rs18435.66 crore raised during corresponding period last year
GKP Print's IPO got 1.48 times sub
Neogen Chem's IPO got robust response with 41 times subscription: Listing can be highly volatile Mothoot Home's NCDs issue g
raised from the market against
Arternis Ele's SME IPO got poor response on 1st day: It will be in troubled water if not managed Rs18435.66 crore raised during
White Organics' SME IPO got good response from the 1st day: Can be subscribed for Mid Term the corresponding year last year.
* Insight into mainboard
BSE SME IPO of Evans Ele will open on April 30 and Cian HC on May 2 IPOs:
Sriram City and Kosmattam Fin's NCDs issues exited from the market Neogen Chemicals :-
Rs132.35 crore IPO with price
Total five NCDs issues are in the market this week: JM Fin may witness higher fancy band of Rs212-215 opened on
The market sentiments have jority of the IPOs that hit the mar-
ket in last one decade have given Subscription Figures of SME IPO (Dt. 26-4-2019) April 24 and has got 41.37 times
witnessed dramatic improvement subscription. Though it is T group
negative returns. Total 164 IPOs IPO Listing Day Subscribed share with 5% circuit limit, it has
in some time and share market entered into the market between
witnessed historic highs but ma- G.K.P. Printing BSE SME Issue Closed on 26-4-19 1.56x
2008 and 2018, of which 100 Artemis Electricals BSE SME 3rd Day Subscribed 0.03x
companies' shares are being
Jinaams Dress quoted below offer price. More-
White Organics BSE SME 1st Day Subscribed 0.39x Sr Company Issue Open Dt.
Listing Information over, of the issues that have given Infrastructure and Realty sec- MSTC Ltd all have given positive Issue Close Dt.
positive returns only 44% issues tor IPOs are on forefront when it return. Artemis
BSE SME Code 542653 have given positive returns in two During this period 10 SMEs
1. 24-4-2019
comes to correction in prices.
Listing Date 25-4-19 figures. On the other hand, On the contrary, out of six got listed of which 5 have given Electricals 30-4-2019
Offer Price Rs. 59.00 Sensex has doubled in this pe- companies - Xelpmoc Design, positive and 5 have given nega- 2. White 26-4-2019
Listing Price Rs. 59.00 riod. Chalet Hotels, MSTC Ltd, Rail tive return.
Majority of the companies Vikas Nigam Ltd, Metropolis HC In the first four months of cur- Organics 2-5-2019
Listing Day High Rs. 59.00
paint rosy picture before IPO but and Polycab (I) - that got listed in rent calendar year total 3. EVANS 30-4-2019
Listing Day Low Rs. 56.05 fail to perform as promised. the current calendar year, except Rs9591.71 crore have been
Listing Day Close Rs. 56.10 Electric 3-5-2019
Therefore, the shares
CMP (26-4-19) Rs. 57.10 underperform after IPO. Evans Electric BSE SME IPO 4. Cian HC 2-5-2019
Issue Openes on 30th April & Closes on 3rd May 9-5-2019
White Organic BSE SME IPO Offer price fixed at Rs. 52 ; Listing on BSE - SME
Issue Opened on 26th April & Closes on 2nd May offer price is reasonable but considering inconsistency Cian Health car
Offer price fixed at Rs. 63 ; Listing on BSE - SME In financial performance and long wait for migration in main board Issue Openes on 2nd Ma
Extra ordinary performance of FY 18 & 9MFY19 is surprise Due to small equity, its risky IPO, wait for listing Price band Rs. 61 to 65
Considering PE of 5.71 % P/BV 0.88, it's a reasonable priced Incorporated in 1951, Mumbai-based Evans Electric Limited works in the
area of re-designing, repairing, and re-winding of transformer, generator,
Track record is strong but
Investors may apply for long term in this issue and electric motor with in-house manufactured replacement components. Considering, Wide network,
Incorporated in 2011, Mumbai based White Organic Retail Ltd is en- Some of the products manufactured by the company for replacement pur- Apply for
gaged in the trading of agriculture products such as Vegetables, Fruits, poses are insulation components, brush holders, coils, slip rings, insulators,
Incorporated in 2003, Cian Health
Grains, Pulses, and Cereals. Initially, before Sept 2016, the company was retaining rings, allied specialized equipment & tools, wedges, stampings and
facturing company certified by WHO-G
packers. It has a factory unit covering 30,000 sq. ft area located at Palghar,
named as Sapna Infraventure Private Limited and involved in Real Estate Drug Control Administration to work in
Maharashtra providing repairing & rewinding services and manufacturing
Development Activity. In Oct 2016, the company started retailing and dis- Wellness, Cosmeceuticals, Nutraceut
replacement components.
tribution operations of Organic Products. It had a store for the commercial products. The company is engaged in
Issue Details mercializing the pharmaceutical produc
operation at Chembur, Mumbai which is closed now. Although, the com-
• Issue Opens on 30th April & Closes on 3rd May, 2019 10 sales division. The company opera
pany is about to open the new store at Bhandup (West), Mumbai
• Object of the issue : Working Capital Requirment. is also involved in government supplie
Issue Details
• Issue Size : 3,72,000 Eq. Shares ing activities
• Issue Opens on 26th April & Closes on 2nd May, 2019
• Face Value : Rs. 10, Total Rs. 1.93 Cr.
• Object of the issue : Working Capital Requirment. Issue Details
• Offer price : Rs. 52 Per Share.
• Issue Size : 24,54,000 Eq. Shares • Issue Opens on 2nd May & Closes
• Minimum Lot : 2000 Shares ; Listing : BSE SME
• Face Value : Rs. 10, Total Rs. 15.46 Cr. • Object of the issue : Upgradation
• BRLM : Hem Sec. Ltd.
• Offer price : Rs. 63 Per Share. facilities in Unit-2, To creat brand im
• Market Maker : Hem Sec. Ltd.
• Minimum Lot : 2000 Shares ; Listing : BSE SME • Issue Size : 62,16000 Eq. Shares
• Registrar : Bigshare Services Pvt. Ltd.
• BRLM : Finshore Management Services. • Face Value : Rs. 10, Total Rs. 37.9
• Company Management : Mr. IVOR Anthony Desouza
• Market Maker : Moneylicious Sec. Pvt. Ltd. • Offer price : Rs. 61 to 65 Per Shar
• Registrar : Link Intime India Pvt. Ltd. Particulars (Rs. Cr.) FY 16 FY17 FY 18 FY 19 • Minimum Lot : 2000 Shares ; Listing
• Company Man. : Mr. Prashant M. Rupani, Darshak M. Rupani.
Financial (Consolidated) (First 7 Month) • BRLM : Fedex Sec. Ltd.
Particulars (Rs. Cr.) FY 16 FY17 FY 18 FY 19 Perfor- Total Revenue 5.12 10.72 5.87 4.00 • Market Maker : NNM Sec. Pvt. Ltd
Financial Profit After Tax 0.41 2.37 0.46 0.58 • Registrar : Bigshare Services Pvt.
(Consolidated) (First 9 Month) mance
Perfor- Total Revenue 1.07 2.55 84.00 116.35 EPS 4.15 23.67 4.63 5.81 • Company Management : Suraj Zan
Profit After Tax 0.24 0.59 3.02 4.51 RONW (%) 9.37 35.47 6.55 7.59
mance • Pre Issue Prmoter Holding 80%, Post Issue Promoter Holding 58.31% Financial Particulars (Rs. Cr.) FY
EPS 3.32 8.15 42.01 -- (Consolidated)
RONW (%) 27.06 39.91 67.29 -- • Issue constitutes : 27.11 % of the post issue paid up Capital. Perfor- Total Revenue 47.
• Average of last 3 yrs. EPS Rs. 10.90 & RONW 16.66 % Profit After Tax 1.
• Pre Issue Prmoter Holding 100%, Post Issue Promoter Holding 55.01% • Pre IPO Equity Capital Rs. 1 Cr. mance
• Issue constitutes : 44.99 % of the post issue paid up Capital. EPS 0.
• Post IPO Equity Capital Rs. 1.37 Cr.
• Average of last 3 yrs. EPS Rs. 24.27 & RONW 51.46% RONW (%) 12.
• Pre Issue P/BV Ratio : 0.66 (NAV : 76.53)
• Pre IPO Equity Capital Rs. 3.00 Cr. • Post IPO P/BV Ratio : 0.78 (NAV : 66.57) • Pre Issue Prmoter Holding 96.60%
• Post IPO Equity Capital Rs. 5.45 Cr. • Post IPO asking P/E on fully diluted Eq. 7.30 • Issue constitutes : 26.63 % of the p
• Pre Issue P/BV Ratio : 0.81 (NAV : 77.89) • Industry Peer Group PE Ratio : NIL • Average of last 3 yrs. EPS Rs. 1.69
• Post IPO P/BV Ratio : 0.88 (NAV : 71.19) • BRLM’s performance : Total 35 Issue Handaled in Last 3 Years. In Last • Pre IPO Equity Capital Rs. 17.14 C
• Post IPO asking P/E on fully diluted Eq. 5.75 10 listing. 7 Issue opened with premium & 2 Issue in discount and 1 issue • Post IPO Equity Capital Rs. 23.36 C
• Industry Peer Group PE Ratio : NIL with at par. • Pre Issue P/BV Ratio : 4.39 (NAV :
• BRLM’s performance : Total 10 Issue Handaled in Last 3 Years. In Last
10 listing. 6 Issue opened with premium & 3 Issue with discount and 1 : Other side of Coin : •
•
Post IPO P/BV Ratio : 6.5 (NAV : 1
Post IPO asking P/E on fully diluted
issues with at par. • The average cost of acquisition of equity shares by the promoter is only • Industry Peer Group PE Ratio : 54
Rs. 4.23 & offer price is Rs. 52
: Other side of Coin : • Company has issued bonus shares in the ratio of 1:1 on Feb. 14, 2019, i.e.
• BRLM’s performance : Total 8 Is
Issue opened with premium & 1 Is
• The average cost of acquisition of equity shares is from Rs. 10 to Rs. before filing DRHP in exchange. though company has issued bonus shares par
47.91. Offer price is Rs. 63 in ratio of 1:1 in Feb. 1994
• It has issued bonus shares in the ratio of 71:1 in July 2018 • Majority of revenue is based on the contracts & 73.64% revenue gener- : Other sid
• Company's regd. Office & other premises for where the operate is not ated from top 5 clients • The average cost of acquisition of e
owned by them. • Company do not own regd. Office & other premises from which they Rs. 0.83 and offer price is Rs. 65
• Negative cash flow in recent fiscals. operate. • Company has issued bonus shares
• Some group company has incurred losses in Last 3 Years & their net • Cash flow remains negative in the past. • It has applied for registration of trad
worth becomes negative. • Highly completion industry • Companies do not own registered o
• It has to face completion from organized and un-organized markets. • Group companies incurred losses in the past. • Business is working capital intensiv
• Group company white diamond Got listed in 1995 is currently trading at Rs. Recommendation : Looking the poor performance of FY 18 & lower • It has not placed order for plant & m
24 (F. V. Rs. 10) High price Rs. 138 (In 2018) & Low price 0.70 (in 1997) • Its manufacturing facilities are curre
RONW, overall fundamentals are inconsistent. Considering PE of 7.30 in-
Recommendation : Company's tr
Recommendation : Sudden jump in top & bottom lines of FY 18 & consistent. Considering PE of 7.30 & P/BV of 0.78 offer price seems reason-
P/BV of 4.39 and PE 21.75, IPO is sligh
9MFY19 is surprising considering pe of 5.75 & P/BV of 0.88, Issue is reason- able. However equity size is so small that for migration on main board, will
wide network, expansion, brand image
able priced. One can apply for long term. take long time. Overall IPO is risky so wait for listing. for long term.
 Financial Weekly

SMART 28th April to 4th May 2019

5
INVESTMENT
got listed at flat rate and then slipped into discount GREY MARKET MOVEMENT
e Neogen IPO allotment and listing? Neogen Chem premiums and subject to rates sky rocketed in Grey market
bscription on last day: Becomes 294th company on BSE SME Fancy increased with higher volumes on last day: Smart Investment's prediction turned true
got average while Magma and SREI issues got poor response Polycab (I) got listed with a bang following which Equirus Sec has given target of Rs712
Smart Investment's prediction that hold the stock after listing at Rs. 700 turns true
Grey Markets Premium Grey Market turned active after mainboard IPOs of Metropolis and Polycab (I), but Neogen Chemical boosted the
IPO Offer Premium Kostak Price Subject market. Despite being a T group IPO, it has made the market vibrant. Due to absence of mainboard issues, the grey
market turn inactive in coming days.
Name (Rs.) (Rs.) *Minimum to
Neogen Chemicals :- The premiums started at Rs12-15 but due to high level fancy it touched Rs38-42. Interest
Application Sauda rates were at Rs240 and subject to rates were Rs1800/1900. On last day of April 26, it witnessed huge response from
Neogen 212 to 215 45 to 50 240 to 250 2100 investors in all categories sky rocketing the premiums to Rs45-50 and subject to rates to Rs2100. High volatility is
Chemicals expected on listing day. Smart Investment's predictions have turned 100% true.
Polycab (I) Hold On :- The issue closed after listing at Rs655 offering 22% return on the offer price of Rs538.
Don't subscribe IPO only on the basis of Greymarket premium.
However, it has witnessed a huge correction due to profit booking.
Before Investing check the fundamentals of IPO
As per the market reports, one of the leading brokerages Equirus Sec has given 'Buy' rating with target of Rs712.
It should be noted that in the last edition of Smart Investment, we had predicted to Hold the shares with target price
BSE SME IPO of Rs700.

. Issue size Offer price Minimum Rating Remark times.

Allotment and Refund :- IPO Subscription figure of Current NCDs Issue
. (Rs. Cr.) (Rs.) Applications Size Out of 50% %
allotment may be on May 3 and Sr. NCDs Base Issue aggregating Subscirbed (x)
70,00,000 Eq. 55 to 60 2000 Eq. Shares 32% fund will be unblocked under as on : 26-4-19 (Rs. Cr.) (Rs. Cr.) (against
(Rs. 42.00 Cr.) (Rs. 1,20,000) Risky ASBA and refund may be on May Base Issue)
6. In the retail segment, out of ev- 1. Kosamattam Fin. 150 Closed on 26-4-19 1.47x
24,54,000 Eq. 63 2000 Eq. Shares 37% : Apply ery 15 applicants one applicant
2. Shriram City Union 100 Closed on 23-4-19 6.96x
(Rs. 15.46 Cr.) (Rs. 1,26,000) Mid to Long Term may get 65 shares. The shares
3. Muthoot Home Fin. 150 300 1.57x
may be deposited in account on
3,72,000 Eq. 52 2000 Eq. Shares 33% 4. Magma Fincorp. 200 500 0.61x
May 7.
(Rs. 1.93 Cr.) (Rs. 1,04,000) Wait for Listing When and How will be listing 5. SREI Infra 100 500 0.85x
62,16,000 Eq. 61 to 65 2000 Eq. Shares 36% : Apply :- It may get listed on May 8 6. Sakthi Finance 100 150 0.60x
around Rs245-250. May cross 7. J.M. Finance 200 1000 1.18
(Rs. 40 Cr.) for Long Term
Rs260-265 in good market. How-
times in retail and 1 times
re BSE SME IPO Non Convertible Debenture (NCD) Issues at a Glance in market makers. Lead
manager is Holani Consult-
ay & Closes on 9th May Sr Company Issue Open Bond size F.Value Min. Listing Rating Recomm.
ants Pvt Ltd.
Issue Close (Rs. Cr.) (Rs.) App.
5 ; Listing on BSE - SME 1. Muthoot 8-4-2019 Base Size of Rs. 150 Cr. 1,000/- 10 NCDs BSE Crisil AA/Stable Arternis Ele :- The is-
offer is slightly overpriced Homefin 7-5-2019 with an optionto retain (Rs.10,000) By Crisil
sue opened on April 24.
, expansion & bright future, AVOID Rs42 crore issue is a risky
Shelf Limit Rs. 150 Cr. Lead Manager :
long term affair so it is advisable to
(Aggregating up to Edelweiss Fin.
keep distance from it. It has
hcare Limited is a multinational manu- Rs. 300 Cr.) Registrar : Linkintime
got 0.03 times subscription
GMP & ISO -9001:2015 and Food and 2. Magma 8-4-2019 Base Size of Rs. 200 Cr. 1,000/- 10 NCDs BSE BWR AA/Stable
n the area of Food supplement, Sexual on the second day. It will
Fincorp. 8-5-2019 with an optionto retain (Rs.10,000) NSE &
utical, Ayurvedic, and Pharmaceutical
Shelf Limit Rs. 300 Cr. Lead Manager : ACUITE AA/Stable
AVERAGE close on May 2 and if not
n developing, manufacturing and com- manage may face troubles.
cts under 12 therapeutic divisions and (Aggregating up to Edelweiss, A.K. Capital White Organics :-
ates the business under the brand and Rs. 500 Cr.) Reg. : Karvy Fintech (P) Ltd. Mumbai-based IPO with
es, export and third-party manufactur- 3. SREI 9-4-2019 Base Size of Rs. 100 Cr. 1,000/- 10 NCDs BSE BWR AA+ fixed price of Rs63 opened
Infrastructure 9-5-2019 with an optionto retain (Rs.10,000) By on April 24. Rs15.46 crore
Shelf Limit Rs. 400 Cr. Lead Manager : Srei Cap. Brickwork AVERAGE issue has got 0.39 times
s on 9th May, 2019 (Aggregating up to Karvy Inv., SMC Global, subscription on the first
n of exiting plant to setting of Mfg. Rs. 500 Cr.) Reg. : Karvy Fintech (P) Ltd. day. It will close on May 2.
mage, working capital, equisition. 4. Sakthi 10-4-2019 Base Size of Rs. 100 Cr. 1,000/- 10 NCDs BSE BBB (Stable) It may give good return in
Finance 9-5-2019 with an optionto retain (Rs.10,000) By medium to long term.
92 Cr. to 40.40 Cr. AVOID Evans Ele :- BSE SME
Shelf Limit Rs. 50 Cr. Lead Manager : ICRA
re.
(Aggregating up to Dalmia Securities Pvt. Ltd. IPO with fixed price of
ng : BSE SME
Rs. 150 Cr.) Reg. : S.K.D.C. Consultant Rs52 will close on May 3.
5. JM Finance 22-4-2019 Base Size of Rs. 200 Cr. 1,000/- 10 NCDs BSE AA by ICRA As it is only Rs1.93 crore
d.
Ltd. Ltd. 21-5-2019 with an optionto retain (Rs.10,000) AA/Stable by CRISIL issue it may not face any
AVOID
anwar & Kavita Zanwar. Shelf Limit Rs. 800 Cr. Lead Manager :
problem. However, it is
(Aggregating up to JM Financial Ltd & Other
advisable to wait till listing
Y 16 FY17 FY 18 FY 19 instead of subscribing it
Rs. 1000 Cr.) Reg. : Karvy Fintech Pvt.Ltd.
(First 9 Month) right now.
.16 51.85 59.59 44.84
.37 2.24 3.76 5.25
Allotment & Listing Process (Likely) are in the market. Cian Healthcare :- BSE SME
V.R. Films Artemis Neogen White Evans Cian GKP Print- IPO of Rs40 crore with price
.83 1.32 2.22 3.11 ing subscription band of Rs61-65 will open on
& Studio Ele. Chemical Organics Electric HC
.70 17.15 22.36 20.70 details :- The is- May 2 and close on May 9. The
Issue Closed 18-4-19 30-4-19 26-4-19 2-5-19 3-5-19 9-5-19
%, Finalisation of Basis of Allotment25-4-19 6-5-19 3-5-19 7-5-19 8-5-19 14-5-19 sue opened on financial performance is good
post issue paid up Capital. Refund/Unblocking of Fund from ASBA 26-4-19 8-5-19 6-5-19 8-5-19 9-5-19 15-5-19 April 23 and will but the offer price seems a bit
9 & RONW 19.01 %
Credit of Eq. Shares to Demat A/c.26-4-19 10-5-19 7-5-19 9-5-19 10-5-19 16-5-19 close on April 26. high so can be considered for
Cr.
Listing on BSE / NSE 30-5-19 13-5-19 8-5-19 10-5-19 13-5-19 17-5-19 Rs6.58 crore is- long term.
Cr. sue has got 1.56 * Insight into NCDs issues:-
: 14.79) got robust response. ever, 5% circuit will be applicable
times subscription including 1.46 Shriram City Union :- The is-
10) Subscription : as per the lat- after listing. If shares are allotted times subscription in QIB, 1.56 sue with base price of Rs100
d Eq. 21.75 est reports, the issue got 30.42 then it is advisable to book 50% crore and shelf limit of Rs750
4 / 55 times subscription in QIB, 114.73 profit.
ssue Handaled In Last 6 listing. 4
times in HNI and 16.18 times * Insight into SME IPOs:- IPOs Since 2008 in crore opened on April 5 and
closed on April 23 with 6.96
ssue in discount and 1 issue with at Jinaams Dress Listing
subscription in retail segment tak- which investors times subscription. It could raise
ing overall subscription to 41.37 (542653) :- The issue with fixed Rs700 crore against target of
de of Coin : price of Rs59 got lost the most Rs750 crore, so it has got good
Subscription Figures of
equity shares by the promoter is only listed on April 25 at Biggest Crashes response.
in the ratio of 11:1 in Aug. 28, 2018
Neogen Chemicals Main Line IPO Rs59 and then went IPO Since 2008 Issue Last Lost Kosmattam Fin :- The issue
down to Rs56.05 be- with base price of Rs150 crore
de marks. No. Shares Issue Subscribed Price Trade (%)
fore closing at 56.10. and shelf limit of Rs300 crore got
office. (Rs.) Price
ve. Offered/ 24-4-19 25-4-19 26-4-19 On Friday, the stock only 1.47 times response of its
Gammon Infra 167 0.7 -99.6
machinery. Reserved closed at Rs57.10. base price till last day of April 26.
KSK Energy 240 1.1 -99.4
ently underutilized. QIBs 12,28,094 0.00x 0.95x 30.49x Still it is being traded There are 5 NCDs issues in
Reliance Power 450 7.6 -98.3
rack record is strong but considering at discounted price. the market this week, the details
htly over priced. However looking to the
HNI 9,30,283 0.10x 1.12x 114.73x Jaypee Infra 102 2.2 -97.8
* This week's of which are given in the sepa-
e & bright future. Investors may apply Retail 21,70,661 0.50x 3.15x 16.18x SME IPOs :- Cur- Shriram EPC 300 9.7 -96.7
rate box.
Total 43,29,038 0.27x 2.09x 41.37x rently four SME IPOs DB Realty 468 16 -96.2
***

6 28th April to 4th May 2019
28th April to 4th May 2019
Expert’s Eye
(Continued from page 8)
on a positive note, but ended the
day at 38645.18 with a deficit of
495.10 points. US sanction on Iran
fuelling Crude Oil price above 75$ a
barrel kept global markets on selling
spree. OMC, Bank, Auto company
shares plunged on hammering. Even
Mid and Small cap counters wit-
nessed offloading at every rise. FIIs
were net buyers in cash counters
while DIIs were net sellers for the
day.
Tuesday marked positive open-
ing, but session ended in red as profit
booking ahead of derivatives expiry
continued in overbought mark et.
NSE marked deficit of 18.50 points
to end the day at 11575.95. BSE
Sensex posted loss of 80.30 points
to close at 38564.88. Boiling Crude
oil and weakening Rupee kept a tab
on general sentiment. Selec t
counters in Oil and Gas, Consumer
durables gained on value buying.
With both side movements, finally
market ended in red following sub-
dued sentiment. FIIs turned net sell-
ers in cash counters while DIIs were
net buyers.
With firm positive opening on
Wednesday short covering propelled
market to post positive closing on
the eve of derivatives expiry. NSE
Nifty scored 150.20 points to close
at 11726.15; BSE Sensex gained
489.80 points to end the day at
39054.68. Although Crude Oil and
Rupee Dollar parity kept a tab on
general sentiment, short coverings
ahead of derivatives expiry helped
markets to close in green. IT, Oil and
Gas, Banking, Power, Capital Goods
counters gained on renewed sup-
port. Even select Mid and Small cap
counters gained. FIIs were net buy-
ers while DIIs were the net sellers
for the day.
On Thursday too we mark ed
positive opening, but while the mar-
ket remained in range bound mode
till final hour witnessed sudden ham-
mering that was attributed to US
sanction on Iran. NSE Nifty lost 84.35
points to end the day at 11641.80
and BSE Sensex marked deficit of
Market Scan
(Continued from page 1)
a white body candle and also a
Bullish Harami pattern, but it can-
not be given significance as it is in
s ideway s consolidation. On the
week ly charts , both the indices
hav e fo rmed a S pinn ing Top
(Sensex - black body, Nifty - white
bo dy ) form atio n. Long low er
s h adow ind ic at es b uy in g wi t-
nessed at lower levels. Thus more
tha n da ily c and les t ic k , wee k ly
candlestick pattern study is sug-
gesting a Bullish bias.
Both the indices continues to
re main in a Tr adin g Ra nge of
Sen s ex 39500 -385 00 i. e. 1 000
points and Nifty 11850-11550 i.e.
300 points. The top end of the Trad-
ing Range is governed by the Bear-
ish candlestick pattern formed at
life-high levels which continues to
act as Resistance. Once the indi-
ces overcome this Resistance then
we c an expec t Sens ex to sc ale
pattern target of 41053 and Nifty
12232. A break on the downside
which has multiple bottoms at lower
boundary , can tak e the indic es
down to test the strong Support at
the higher bottom of Sensex 37667
and Nifty 11311 followed by Bullish
Gap bet ween Sen s ex 3723 0-
37 106 and Nift y 1 1227 -111 80
which is a strong Support zone.
Both Sensex and Nifty com-
pleted a Bullish Flag pattern whose
targets are at Sensex 40873 and
Nifty 12211 as long as Sensex re-
mains above 38460 and Nifty above
11549. Previously, when the indi-
ces gave a Bullish breakout for the
Contact : 079-26576639 E-mail : smartinvest25@gmail.com
Nifty & Sensex Movement during the last week
Nifty
22-Apr-19
Open
11727.05
High
11727.05
23-Apr-19 11612.95 11645.95
24-Apr-19 11601.5 11740.85
25-Apr-19 11735.7 11796.75
26-Apr-19 11683.75 11762.9
Net
BSE Sensex Open High
22-04-19 39,158.22 39,158.22
23-04-19 38,771.27 38,832.61
24-04-19 38,672.63 39,095.35
25-04-19 39,101.78 39,262.22
26-04-19 38,865.83 39,103.16
Net
323.82 points to close at 38730.86.
Thus derivatives expiry day marked
closing in red. On derivatives expiry
day market was holding on with side-
ways movement till final hour, but then
suddenly hammering started and
market lost heavily at the close. Thus
derivatives expiry day marked nega-
tive closing. Surge in Crude and
Dollar kept a tab on general senti-
ment. FMCG, Banking, Auto, Metal
and Mining counters eased on profit
booking. Mid and Small cap counters
to witnessed selling spree. FIIs were
the net buyers while DIIs were the
net sellers for the day.
Friday marked opening on a posi-
tive note and remained in green ter-
ritory for the day to close with siz-
able gains. NSE Nifty rose by 112.85
points to close at 11754.65 and BSE
Sensex scored 336.47 points to end
the day at 39067.33. Thus closing of
both the benchmarks above respect-
able level of 11.75K and 39K gave a
sigh of relief amidst all odds. Surge
in selec t indic es heav yweights
helped market to close in green.
While Banking, Metal, Oil and Gas
counters surged on buying support
while Cons umer Durable, Auto,
Telecom counters eased on selling
spree. FIIs were net sellers in cash
counters. DIIs were the net buyers.
Mid and Small cap counters eased
and underperformed the bench-
marks.
While Dollar firmed up above Rs.
70.5 a dollar for the week to raise
c oncern for domes tic markets ,
Trading Range of 4 months; a Bull-
ish Cup & Handle pattern got com-
ple ted, who s e t arge ts f alls at
Sensex 41053 and Nifty 12232.
Both Sensex and Nifty are in side-
ways consolidation and once that
is ov er, both the indices will be
headed for the above mentioned
targets.
Both the indices tested the short
term average of 20dma (Sensex -
38827 and Nifty - 11655) success-
fully for the entire week and even
closed above it. Both the indices
continue to remain above the long
term average of 200dma (Sensex -
36587 and Nifty - 11007) and even
the medium term average of 50dma
(Sensex - 37612 and Nifty - 11298).
Thus the Trend in the long term,
medium term and s hort term
Timeframe continues to remain Bull-
ish.
MACD is in Sell mode whereas
Price ROC is positive and in Buy
mode. RSI (60) still suggests strong
Bullish momentum. Stochastic Os-
cillator %K (51) is above %D and
hence in Buy mode. ADX (34) sug-
gests UpTrend still very strong. Di-
rectional Indicators are in Buy mode
as +DI is above -DI. MFI (66) sug-
gests Positive Money Flow. OBV
continues to make higher top higher
bottom formation in line with the Bull-
ish trend. Thus majority of Oscilla-
tors are suggesting a Bullish bias.
Options data for May series in-
dicate highest Call Open Interest
is now at t he s trik e of 120 00
whereas the highest Put build-up
is at the strike of 11000. Thus Op-
tions data suggests a wide trading
range with resistance at 12000 &
support at 11000.
Low
11583.95
Close Diff
11594.45 -158.35
11564.8 11575.95 -18.5
11578.85 11726.15 150.2
11624.3 11641.8 -84.35
11661.75 11754.65 112.85
Weekly Gain 1.85
Low Close Diff
38,585.65 38,645.18 -495.10
38,518.26 38,564.88 -80.30
38,571.00 39,054.68 489.80
38,663.98 38,730.86 -323.82
38,765.33 39,067.33 336.47
Weekly Loss -72.95
Crude oil boiled to cross 75$ a bar-
rel and raised concern globally.
Q4 number season is gathering
momentum and keeping the market
in stock specific mode for a while.
Ensuing week is a shorter week with
just three sessions as markets are
closed on Monday i.e. 30.04.19 for
General Election Phase-IV that cov-
ers financial capital Mumbai and on
Wednesday i.e. 01.05.19 on account
of Maharashtra Day. So volatility will
be center staged for the c oming
week.
Amidst such a scenario NSE Nifty
and BSE Sensex may hover between
12000-11250 and 39750-38150 re-
spectively for the ensuing week.
Oceanic Foods conv ened a
board meeting to consider bonus is-
sue on 06.05.19.
DISCLAIMER : No financial informa-
tion 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 pub-
lished here is purely for educational and
information purposes only and under no
circumstances should be used for mak-
ing investment decisions. Readers must
consult a qualified financial advisor prior
to making any actual investment deci-
sions, based on information published
here. Any reader taking decisions based
on any information published here does
so entirely at own risk. Above informa-
tion is based on the details available as
on the date along with market percep-
tions. Investors should bear in mind that
any investments in stock markets are
subject to unpredictable market related
risks. (THE AUTHOUR IS SEBI REGIS-
TERED RESEARCH ANALYST)
Stock Wave
(Continued from page 8)
neutral on weekly basis and over-
bought position on monthly basis. On
upward movement, beyond 772 it
may witness resisting level at 779.
On the downward movement, below
747 it may go down to 738, 733, 724
and 708.
Shriram T ransp ort
(1135.50) :- It shows downward
movement from top of 1297. It shows
oversold position on daily and weekly
bas is , while neutral pos ition on
monthly basis. On upward move-
ment, beyond 1163 it may witness
resisting level at 1184. On the down-
ward movement, below 1225 it may
go down to 1105.
Tata Motors (265.60) :- It
shows downwards movement from
top of 236.35. It shows towards over-
sold position on daily basis, over-
bought on weekly basis and neutral
position on monthly basis. On up-
ward movement, beyond 226 the
resisting level could be at 233. On
the downward movement, below 217
it may go down to 212, 205, 198, 191
and 185.
Tata Steel (545.25) :- It shows
downward movement from top of
559.40. It shows oversold position on
daily basis, overbought to neutral on
weekly basis and neutral position on
monthly basis. On upward movement,
beyond 548 the resisting level could
be at 557. On the downward move-
ment, below 537 it may go down to
522, 515, 509 and 500.
Disclosure : The Recommendations
are based on technical analysis. There
is a risk of loss in trading.
Financial Weekly
Financial Weekly
S
S M
M A
A R
R T
T
INVESTMENT
INVESTMENT
Dark Horse (Continued from page 1)
FAZE THREE LTD (530079) (50)
throws, curtains, shower curtains, bedspreads and matelasses, and
carpets, as well as kid's line, and kitchen linen and kitchen products. The
company also exports its products primarily to Europe and the United States.
It has an equity base of just Rs.24.72 crore that is supported by huge
reserve of around Rs.153.22 crore. The promoters hold 45.75%, FIIs hold
4.52% while the investing public holds 49.73% stake in the company. For
Q3F19, FTL posted 72.03% higher PAT of Rs.4.49crore on 14.06% higher
sales of Rs.68.95crore and an EPS of Rs.1.83. For 9MFY19, it posted
64.75% higher PAT of Rs.12.06crore on 13.78% higher sales of
Rs.202.50crore and an EPS of Rs.4.91. Currently, the stock trades cheap
at a P/E of 5.6x. Investors can accumulate this stock with a stop loss of
Rs.40. It may give very good returns in medium to long term.
Bank of Mah. (532525 & NSE) (19.3)
Corporate/Wholesale Banking, Retail Banking, and Other Banking seg-
ments. As of March 31, 2018, it had a branch network of 1846 branches in
30 states and 4 union territories; and network of 1864 ATMs. It has an equity
base of Rs.2598.45crore that is supported by reserve of around
Rs.6215.52crore. The promoters (Government of India) hold 87.74%, LIC
of India hold 5.40%, financial institutions hold 2.66% while other investing
public hold only 4.2% stake in the company. Bank was suffering from bad
loan issue like other PSU banks. It had posted poor numbers in last few
quarters but now it is looking highly attractive at CMP. It has made all-time
high of Rs.96.75 in 2008 Made low of Rs.10.70 in October 2018 and now it
is trading around Rs.19 level. Its book value per share is around Rs.36.18
and stock is available at just 0.53 times against its book value. Bank was
placed under Prompt Corrective Action (PCA) by RBI in June 2017, in view
of its high net NPA. But Bank of Maharashtra met the RBI regulatory norms
including Capital Conservation Buffer (CCB) and Net NPAs (non-performing
assets) of less than 6 per cent as per third quarter results. So RBI removes
Bank of Maharashtra from its weak bank watch list (PCA list) on 31st Janu-
ary 2019. During Q3FY19, its GNPA came down from 19.05% to 17.31%
while its net NPA came down from 12.17% to only 5.91%. Bank will publish
its Q4 result on 29th April 2019. We are expecting turn around numbers in
this result. In this meeting bank will announce fund raising plan through
FPO/Right issue/QIP/Preferential issue or any other mode. Technically,
stock has given strong break out on weekly chart with huge volume. If bank
post turn around numbers as per our expectation on Monday, investors can
accumulate this stock with a stop loss of Rs.16.5. It may give very good
returns in medium to long term.
Smart Tips Mastek Ltd. (480.45)
(Continued from page 8) (Continued from page 1)
The company’s plant at When market itself is in reversal
Bhavnagar has briquettes manufac- mode, we find many such reversal
turing capacity of 1.19 lakh MTPA patterns on different charts. MASTEK
and pellets capacity of 9.19 lakh is the chart that we have pulled up
MTPA. It has reported very good this time in which we saw the same
pattern. Bullish Head and Shoulder,
growth in last four years. For De-
also known as three curve pattern
cember quarter, sales rose by 65%
has bullish implications if it is seen
to Rs. 45.59 crores, and profit by
after a down trend. It can be seen in
80% to Rs. 5.74 crores. Its new plant the attached chart. When 644 kind of
at Gandhidham is set to begin op- levels were witnessed in SEP-18, this
erations. Khambatta Sec has given stock was expected to continue its
a ‘Buy’ rating on the stock with a tar- uptrend however stock went in to
get price of Rs. 109. down trend and saw as low as 365
JK Tyres (Rs. 89. 00) kind of levels recently. It is about the
(Code: 530007) :- The A Group same low of the middle curve of our
listed shares have face value of Rs. pattern. But ever since that middle
curve formed, price has started mov-
2. The shares touched a 52-week
ing up with good set of volumes. Cur-
high of Rs. 160 and low of Rs. 82.
rently the spread of the long term as
The leading tyre manufacturer has well as the short term moving aver-
three plants in Mysore, besides other
age is positive because shorter term
locations. Its plant at Bangalore has of EMAs are staying above their
also become operational. It is a top longer term EMAs. All and all this is
manufacturer of bus and truck tyres, bullish set up for the target of 700
and will benefit from growing demand which can be ventured with a per-
for commercial vehicles. For Decem- mission of one's own financial advi-
ber quarter, its consolidated income sor and initial stop loss to be kept at
went up by 28.6% to Rs. 2731 440. Here, stop loss is the short up
crores, while profit shot up by over trending support line and same has
135% to Rs. 11.32 crores. Quarterly to be respected as trailing stop.
Jignesh R Mehta
EPS was Rs. 1.18. The stock is trad-
SEBI Registered Research Analyst
ing at a PE multiple of seven, and is www.kiranjadhav.com
attractively priced. Its performance
is set to improve on the back of Disclaimer :- Investment rec-
Brownfield expansion. ommendations made in Smart In-
* Disclosure :- The author has vestment are for information pur-
not brought / sold any stock advised pos es only and derived from
in this news paper during last one source that are deemed to be reli-
month • All stocks rates / indices on able but their accuracy and com-
26th April 2019 unless specified o pletenes s are not guaranteed.
Stoploos is useful for Short - Medium Smart Investment or the analyst /
writer do not accept any liability
term investors only
for the use of this column for the
* Disclaimer :- • Smart Invest-
buy ing or selling of securities.
ment will not be responsible / for any Readers of this column who buy
loss arising out of investment based or sell securities based on the in-
on its recommendation. • Though, ev- formation in this column are soley
ery care has been taken, we will not responsible for their actions. The
responsible for any errors / omissions author, his company or his ac-
o All disputes are subject to quaintance may / may not have
Ahmedabad jurisdictioner positions in the scrips featured
herein.
Financial Weekly
Financial Weekly
S
S M
MAARRTT
INVESTMENT
INVESTMENT
Smart Education - Yog Joshi Polycab India (Rs. 643.00)
(Code: 542652) :- The company's
Topic 10 (1) Different Type of Indicators and shares were listed on the exchanges
Oscillators - Simple Moving Average - SMA at a 20% premium last week. Bro-
kerage house Equitas has initiated
coverage on the stock, and given a
Hello Friends,
Hope you all are doing well...!!!
Technical Analysis target price of Rs. 712.
In the last issue of Smart Invest-
ment we discussed about last reversal
From CYIENT (Rs. 582.00) (Code:
532175) :- The company reported a
pattern " Reverse Head and Shoulder" Basic to Advance whopping 90% jump in Q4 net profit,
it was down trend reversal pattern, I hope now you all are clear about the and announced 200% dividend. Mor-
importance, location and effect of reverse head and shoulder on candlestick gan Stanley has maintained 'Over-
chart Today we are going to start very important and interesting discussion weight' rating on the stock with a tar-
on " Use of Various Indicators and Oscillators on Candlestick Chart" get price of Rs. 720.
Nelco (Rs. 299.00) (Code:
504112) :- This Tata Group com-
pany recently signed partnership
agreements with a Sydney-based
remote communications and IT so-
lutions company.
Heidelberg Cement (Rs.
182.00) (Code: 500292) :- Ultratech
and ACC reported strong numbers
for the fourth quarter, giving rise to
hope that other cement companies
such as Heidelberg, Prism Cement,
Madras Cement, and Ambuja Ce-
ment will also come out with good
We start today with use and importance of "Simple Moving Average" numbers.
So First What is Simple Moving Average (SMA) ? Tata Steel (Rs. 545.00) (Code:
In Simple words, Simple Moving Avarage is an average price of closing 500470) :- The country's largest pri-
price of two or more then two closing price of any stock vate steel company reported very
Lets calculate SMA, if any stock having daily closing price of 35, 38,34,37,39
if we consider a five day trading week, first day closing price was 35,
second day 38, third day 34, fourth day 37 and last day on fifth day 39
good results for Q4. It has also given
guidance for strong growth in cement
demand for the coming year.
So to calculate SMA for this make sum of this closing price and divide by 5
SMA = 35+38+34+37+39 = 183 / 5 Biocon (Rs. 619.00) (Code:
SMA = 36.5 532523) :- Biocon reported 64%
Importance of Simple Moving Average (SMA) :- SMA is a time tested jump in net profit for Q4, while in-
and trusted indicators to forecast the trend and the future price movement of come was up 26%. The company's
any stock, commodity and currency board announced 1:1 bonus shares
If last daily closing price ( Here 39) of the stock is higher then SMA value, on April 25.
so we can predict or forecast that stock is going in Up ward direction and in Bata (India) (Rs. 1450.00)
this stock there is a chances of price appreciation in coming days (Code: 500043) :- The share's price
In other side if the last day closing price of the any stock trading below the is up on the back of strong volumes
value of SMA, we can forecast or predict that stock is in down ward direction and in the past few days. FIIs have in-
there will be chances of price fall down in coming days in this particular stock. creased their stake in the company
Use of SMA as a Support and Resistance :- to 11.14% during the quarter, put-
When we apply SMA for any candlestick chart, below part of SMA line will ting the stock on investors' radar.
be act as resistance and upper part of SMA line will be act as a support
Spice Jet (Rs. 135.00) (Code:
Stock price will face Support and Resistance accordingly, if price show a
500285) :- Spice Jet has been allot-
breakout it means when stock price close above SMA line (Break the Resis-
ted airport slots of Jet Airways, which
tance) and we get confirmation candle also above SMA line it means its a
change of current down trend and there will be a trend change in this particu- suspended its operations last week.
lar stock as it manage to close above SMA value The airline will add 28 flights from
On other side if any stock show break out down side of the SMA line April 30.
(Break the Support), it will be consider as a bearish sign for that particular I.B. Real (Rs. 125.00) (Code:
stock and price will may fall down in coming days for this stock 532832) :- This IndiaBulls Group
Importance of SMA Crossover : - SMA Crossover will play a very company reported disappointing
important role to forecast Up Ward side and Down Side momentum numbers for Q4. Income was lower
In stock market, some people are doing trading or investment with emo- by 43%, while net profit crashed 95%.
tions and because of that they missed in time entry and in time exit However, the share rose 10% on the
If we think this scenario with 50 Days (Fast and Short Term) and 200 back of reports that the group wanted
days (Slow and Long Term) Moving Average Crossover to offload its stake in the real estate
If 50 days SMA cross 200 days moving average from below, in Technical company, and had sounded out JV
Analysis its known as Golden Crossover and its a Bullish Breakout, Stock partner Blackstone, and Godrej Prop-
Price may get appreciate in coming days from this crossover price and from
erties.
other side if 50 days SMA cross 200 days SMA from above side it is known as
Dilip Buildcon (Rs. 586.00)
death crossover in Technical Analysis, its a sign of bearish breakout and
(Code: 540047) :- The stock is in
stock price may fall down in coming days from this crossover price
limelight from some time. The
So SMA Crossover is helpful for those who trade or invest with emotions,
company's subsidiary has bagged
it give a sign for timely entry and exist to trader and investors
According to Time Period some widely use Simple Moving Average NHAI's Rs. 1029 crore project for
four-laning of Sangli-Solapur Road.
and Crossover :-
TBZ (Rs. 64.00) (Code:
10 to 20 For Short Term Period
50 For Medium Term Period 534369) :- Jewellery sales are ex-
200 For Long Term Period pected to rise on the occasion of
Crossover :- Akshaya Tritiya next week. This will
5 and 13 For Short Term Period also benefit Titan and Thangamalai,
20 and 50 For Medium Term Period among other companies.
50 and 200 For Long Term Period PVR (Rs. 1717) (Code: 532689)
I hope you find this Article informative...in next issue of Smart Investment :- Hollywood movie “Avengers
we will discuss about "Exponential Moving Average" Endgame’ released on April 26, and
News Track is getting unprecedented response.
Ticket prices have shot up and the-
atres are having special night shows
Indigo Paints mulls because of the craze. This will ben-
IPO in the coming 12 to 18 months efit Cineline, Mukta Arts, PVR, etc.
NBCC (Rs. 59.00) (Code:
Indigo Paints, India's fastest growing innovative paint company plans to
enter the capital market in the next 12-18 months, not only to raise funds for its
534309) :- Its orders book has
crossed Rs. 80,000 crores, and is
capital expenditure requirements but also to provide a partial exit to its PE
investor Sequoia Capital with multi-fold returns. The paint company is known for becoming stronger by the day. There
is current in the stock after it submit-
innovative solutions for ceiling, floor tiles, roof tiles and specialized products
such as wood and metal finish paints among others. The company has wit- ted a revised bid in bankruptcy pro-
nessed an exponential growth of around CAGR 40 per cent during the last 9 ceedings of Jaypee Infra.
years as against the industry average growth of 9 to 10 per cent during this ONGC (Rs. 168.00) (Code:
period. The company expects to maintain the same growth rate in the medium 500312) :- The MSCI recently in-
term. The revenue of Indigo Paints as on FY 2018-19 stood at Rs. 600 crore as creased ONGC’s weightage in its
against Rs. 32 crore in FY11. The Initial public offer (IPO) may be anywhere global indices. ONGC is also ex-
between Rs 500 to Rs 1000 crore depending upon Sequoia's plan to divest its
pected to gain from the rising crude
stake from the current holding of 38 %. Earlier, in 2014 and 2016, Sequoia
prices due to the sanctions against
Capital had invested Rs 55 crore and Rs 95 crore respectively.
Contact : 079-26576639 E-mail : smartinvest25@gmail.com
28th April to 4th May 2019
28th April to 4th May 2019
7
Dalal rating on the company’s bank facili-
ties.
Street Sasken (Rs. 72.00) (Code:
Whispers 532663) :- The company’s board re-
cently decided to buyback shares
Dilip K. Shah
Iran.
at Rs. 850 apiece.
FACT (Rs. 35.00) (Code:
Indigo (Rs. 1485.00) (Code: 590024) :- Fertilizer company FACT
539448) :- Indigo and Spice Jet are and Coramandel Fertilizer reported
seen as the gainers due to suspen- strong Q4 numbers. Shares of
sion of operations of Jet Airways. FACT, GSFC and Madras Fertiliz-
Stocks of both the low-cost airlines ers are expected to be in focus.
have shot up by more than 70% in Disclosures as per SECURI-
six months. TIES AND EXCHANGE BOARD OF
Indian Hotels (Rs. 152.00) INDIA (Research Analysts) Regu-
(Code: 500850) :- Indian Hotels has lation, 2014; • I and / or my clients
entered into a pact with Ahmedabad- may have investment in this stocks
based Sankalp to manage an up- • I/My family have no financial in-
coming 315-room property, being set terest or beneficial interest of more
up at an investment of Rs. 300 than 1% in the company whose
crores. This will be Indian Hotel’s four- stocks I am recommending • Stop
teenth hotel in Gujarat, and the larg- loss is useful for Short / Medium
est. Term investor Only • Smart Invest-
Syngene (Rs. 609.00) (Code: ment will not be responsible / liable
539268) :- The company announced for any loss arising out of invest-
1:1 bonus shares on April 25.Sales ment based on tis advices • Past
were up 30% in Q4, and profit performance may or may not be
18.39%. substainedin future " (Dilip K.
Bharat Bijlee (Rs. 1089.00) Shah) Research Analyst : SEBI
(Code: 503960) :-ICRA has up- Regn No. : INH000002152
graded the short term and long term
Stock Buzz
Subramanian Mahadevan
Vardhman Special Steels Limited (Rs.101)
Vardhman Special Steels Limited (VSSL) - is a Ludhiana, Punjab based
leading Steel Bar producer for automotive application, incorporated in May
2010 as independent identity under Vardhman Group and caters to sectors
such as engineering, automotive, tractor, bearing and allied industries. Its
product offering includes Steel Bars & Rods and Bright Bars of various
categories of Special & Alloy Steels. VSSL state-of-the-art manufacturing
facilities are equipped with cutting-edge manufacturing technology with a
manufacturing capacity of 2Lac MTPA Billets and 1.80 MTPA Lac Rolled
Bars and counts most of the reputed auto giants like Toyota, Hero Motor
Corp, Caterpillar, Hino Motors, Maruti, Bajaj, Ford, Ashok Leyland, TATA,
Volvo, John Deer, TAFE, Mahindra and Hyundai as its customers besides
serving more than 200+ clients. VSSL has strong international customer
base for forging applications across USA, Europe, Russia and South East
Asia. VSSL has warehouse facilities strategically located across India - one
owned warehouse at Haryana and five leased warehouses across South,
West and East of India besides acquiring 8 acres of land for Rs.36 crore in
2017 to augment its capacity. Key strengths of the company are - state of
the art manufacturing facilities, advanced R&D capabilities, diversified prod-
uct offerings, rich management experience, quality standards &assurance,
respected brand image and good corporate governance. VSSL has signifi-
cantly reduced its debt from 350 crore in 2015 to 228 crore in 2018 with
continuous focus on improving capital structure and also raised 118 crore
through Rights Issue and QIP to repay debt and fund ongoing capex for the
next three years to increase melting capacity to 2, 40,000 MT and rolling
capacity to 2, 20, 000 MT by spending approximately 200 crore. Promoter
has more skin in the game and control more than 65% equity and current
market cap is close to 0.25 times expected FY19 full year sales. Investors
are advised to buy VSSL slowly on every decline followed by broader mar-
ket correction for double digit returns.
Gokaldas Exports Limited (Rs.80)
Gokaldas Exports Limited (GEX) - is a Bengaluru based and one of the
largest manufacturer and exporter of apparels in India with an annual turn-
over of around US $200 million. GEX has 23 factories with more than 13,000
machines, capable of producing 21 million garments every year and export-
ing to more than 30 countries. It's state of the art manufacturing facilities
offer services and process to client's from laying, cutting, sewing, embroi-
dery, etching etc.… under one roof combined with multiple capabilities like
trend forecasting, product engineering, fashion designing, style optimizing
and industry innovation helps in retaining marquee customers and reaching
out to potential clients and win new geographies. GEX which was once
owned by Hinduja Group of Ashok Leyland fame, changed hands three
times in the last one decade alone. In 2007, global private equity giant
Blackstone acquired 70% from erstwhile promoters for 676 crore paying
Rs.275/share. The PE firm had bought it at peak valuations and GEX for-
tunes fell sharply with the economic downturn in 2008-09 leading to loss of
orders from the US and Europe. Gokaldas fall had also coincided with
Bangladesh's rise in garment exports when it expanded its capacities four-
fold then. Unable to turnaround GEX, the PE firm has taken a 79% hair cut
to exit its decade long investment and sold it to Mr. Mathew Cyriac, the
former head of same PE fund along with few other investors in April 2018.
Also former COO of Idea Cellular has on-boarded GEX as the new MD
same year, after spending more than two and half decades working in
various industries, running businesses in different countries, witnessing
multiple business cycles and turning around underperforming business.
Gokaldas which had gone through a challenging and turbulent phase with
issues on multiple fronts in the last decade, looks promising under the new
management and can easily turn out to be a multi-bagger story. Investors
are advised to buy the GEX - am emerging turn-around story slowly on
every decline followed by broader market correction for double digit returns.
- Subramanian Mahadevan
 Financial Weekly
Financial Weekly

8 28th April to 4th May 2019

28th April to 4th May 2019
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Postal Regd. No. GAMC - 1703/2018-2020 issued by SSP Ahd. Valid up to 31 December 2020
Published on Every Sunday “Permitted to post at Ahmedabad PSO on every Monday (weekly) under
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124 Market consolidates amidst volatility
w w w. c h a r t s a n k e t s t o c k . c o m Derivatives expiry week marks flat but divergent closing
Double-sided volatility can be there in Stocks April derivatives expiry week moved in the range of 11796.75 -
May 3 to 7 will be important turning days turned a highly volatile week with both
side movements amidst consolida-
Expert’s Eye 11564.80 and 39262.22-38518.26 for
NSE Nifty and BSE Sensex respec-
BSE Index (39067.33) :- It has come down to 38158.26 and now it is
improving. It shows towards oversold position on daily basis, while over-
tion. However, the week closed flat Dilip Davda tively.
but with divergent trends. Boiling For the week, indices marked
bought position on weekly and monthly basis. May 3 to May 7 can be gain e-mail : dilip_davda@rediffmail.com net weekly GAINs of 1.85 points for
crude and weakening rupee raised
turning days. On upward movement, beyond 39290 it may witness resisting NSE Nifty and loss of -72.95 points
concern while US sanction on Iran opening and also the closing.
level at 39488 and beyond that it could go up to 39520 and 39770. On the for BSE Sensex amidst consolida-
turmoil India's oil buying plans. Ironi- As can be seen from the table
downward movement, weakness can be considered below 38765 and 38518. tion mode.
cally the week marked divergent above, during the week , indic es
Nifty Future (11808.70) :- After reaching 11573.50 level it shows im- With divergent start on Monday,
provement. It shows oversold position on daily basis, while overbought to
towards neutral position on weekly basis and overbought position on monthly
Dividend announcement market turned panicky post noon to
AU Small Fin (7.5%), Alicon Cast (100%), Ashika Credit (10%), HDFC Bank lose heavily at the close. While NSE
basis. On upward movement, beyond 11380 it may go up to 11859, 11905 Nifty opened lower and closed at
and 12015. On the downward movement, below 11700 it may indicate weak (750%), Indag Rubber (75%), Lux Ind (175%), Mahindra Life (60%), Sacheta
Metals (2.5%), Sadhana Nitro (25%), Swaraj Engines (250% + 250%), Tata Cof- 11594.45 with a loss of 158.35 points,
position at 11670. BSE Sensex opened
Bank Nifty Future (30145.15) :- After reaching 29426.60, it shows fee (150%), Tejas Network (10%), VTM (90%), Bharat Seats (50%), Coroman-
improvement. It shows towards oversold position on daily basis, overbought del Intl (350%), ICICI Securities (114%), Nucleus Soft (90%), Sasken Techno (Cont. on P. No. 6)
to towards neutral position on weekly basis and overbought position on (75%), Sterlite Techno (175%), Tata Global (250%), Agro Tech Food (25%),
monthly basis. On upward movement, beyond 30340 it may go up to 30340, Benaras Hotels (150%), Hexaware Techno (125%), ICICI Prudential (15.5%), Ex-Bonus
30485, 30655 and 30723. On the downward movement, below 29970 indi- Indiabulls Housing (500%), M & M Fin (200% + 125%), Shriram City Union Indo US (1 for 4)
cate weak position. (160%), Syngene Intl (5%), Tata Elxsi (135%), UltraTech Cement (115%), Apcotex
Axis Bank (759.90) :- It shows downward movement from top of 787.65. Ind (150%), Axis Bank (50%), Biocon (20%), Cyient (180%), GHCL (50%), Right Issue announcement
It shows oversold position on daily basis, overbought to Indiabulls Ventures (50%), Maruti Suzuki (1600%), MCX (200%), Nestle (230%), Ishan Dyes (46 for 100)
(Cont. on P. No. 6) Oriental Hotels (50%), Rallis India (250%), Tata Steel (130%), Wendt (150%),
Atul Ltd (150%), Carborundum Uni (125%), Deltron (65%), HDFC AMC (240%), Bonus announcement
Golden quote :- A creative man is motivated by the Hero MotoCorp (1600%), Piramal Enterprise (1400%), Supreme Petro (20%), Syngene Intl. (1 for 1)
desire to achieve, not by the desire to beat other Yes Bank (100%) etc. Biocon (1 for 1)

Terrific Shots - Dilip K. Shah Smita N. Zaveri

Mastek (Rs. 466. 00) earlier, the company has strong pres- Lawman and Integriti are among its
ence in generic crop protection popular brands. Company has cash Heidelberg Cement, Tata Power, Jiya Eco, JK Tyres
(Code: 523704) :- The shares reserves of Rs. 300 crores, which are
have face value of Rs. 5, and chemicals and seeds segment. Two Heidelberg Cement (Rs. 184.00) (Code: 500292) :- Shares of
of its subsidiaries – UEL and Advanta 60% of its annual income. It aims to
touched a 52-week high of Rs. 643 this cement and cement products company are listed in A group and have
– are also listed on the exchanges. double turnover to Rs. 1000 crores in
and low of Rs. 365. The IT software face-value of Rs. 10. The shares touched a 52-week high of Rs. 191 and
It has presence in 123 countries, and 4-5 years. In the first nine months of
services company provides enter- low of Rs. 122. It has strong presence in central India. Promoter holding in
has 23 manufacturing plants spread the fiscal, its income went up by 8% to
prise solutions to government, re- the company is 69.39%. Strong volume growth, high realization, and strict
over India, France, Spain, Argentina, Rs. 370 crores, while profit rose by
tail, financial services, and organi- cost control measures have buoyed its operational performance. It has a
UK, Vietnam, China, etc. For Decem- 15% to Rs. 85 crores. For December
zations, across the world. Its top market cap of Rs. 4174 crores, while share’s book value is Rs. 46.18. For
ber quarter, it reported consolidated quarter, income rose by 18% to Rs.
five clients account for 42% of total December quarter, its sales were up by 15% to Rs. 564 crores, while profit
income of Rs. 4921 crores, and profit 111 crores, while profit by 22% to Rs.
revenues. For the fourth quarter, surged by over 84% to Rs. 58.56 crores. EBIDTA was up 44% to Rs.
of Rs. 461 crores. EBIDTA was Rs. 12.68 crores.
42% income came from government 132.73 crores. Cement companies are expected to gain from government’s
clients, 34% from retail services, and 975 crores. While its peers are trad- SRF (Rs. 2557.00) (Code: focus on infra sector. The recent hike of Rs. 20 to 25 per cement bag will
18% from financial services. For the ing at a PE multiple of 44, UPL stock 503806) :- SRF has presence in also help them.
year ended March 2019, it reported is quoting at 22 times the earnings. technical textiles, chemicals, pack- Tata Power (Rs. 67.00) (Code: 500400) :- Tata Power is a lead-
income of Rs. 1033 crores and profit The stock is trading near the 52- aging, and other segments. The A ing integrated power company with presence in thermal, hydro, solar and
of Rs. 101.47 crores. EPS for the week high, and will be seen making Group listed shares touched a 52- wind power. It owns a 4,000-MW coal-based power plant in Mundra in Gujarat,
year was Rs. 42.31. For March new highs in the short to medium week high of Rs. 2569 and low of and also owns stake in Indonesian coalmines. The shares touched a 52-
quarter , income was Rs. 267 term. Rs. 1531. Promoter holding is week high of Rs. 89.50 and low of Rs. 59.90. In the first nine months of the
crores, and profit Rs. 27.39 crores. Kewal Kiran Clothing (Rs. 52.32%. For December quarter, in- year, the company’s income went up from Rs. 21,436 crores to Rs. 22,328
It paid dividend of Rs. 8.50 per 1340.00) (Code: 532732) :- The come went up from Rs. 1378 crores crores, while profit fell from Rs. 1271 crores to Rs. 1054 crores. The
share for the year. The stock is shares of this apparels company to Rs. 1907 crores, and profit from government’s efforts to revive power sector will benefit private players.
likely to touch Rs. 500 in the short touched a 52-week high of Rs. 1632 Rs. 131 crores to Rs. 166 crores. Tata Power stock has been showing negative trends for long, but downside
term, and Rs. 600 in the long term. and low of Rs. 1100. Promoter holding In the first nine months of the year, appears limited now. Promoter holding is 33%. Mutual funds hold 10.65%
UPL (Rs. 962.00) (Code: in the company is 74.25%. There is a income rose from Rs. 3921 crores stake, insurance companies 13.11%, and FIIs 26.57%.
lot of investor interest in the shares of to Rs. 5506 crores, while profit shot
512070) :- Shares of this leading Jiya Eco-Products (Rs. 60.00) (Code: 539225) :- The B Group
this denim manufacturer post the up from Rs. 338 crores to Rs. 451
agrochemicals company touched listed shares touched a 52-week high of Rs. 79 and low of Rs. 32. Promoter
bumper listing of Levi’s Strauss on the crores. FIIs hold 17.10% stake and
52-week of Rs. 972 and low of Rs. holding is 39.53%. Jiya Eco-Products uses agricultural waste to make bri-
New York Stock Exchange. Killer, MFs 10.93%. MFs increased their
538. Known as United Phosphorus quettes and pellets, which are used as bio-fuels in place of LPG, petrol,
stake by 2.43% in March quarter.
diesel and other regular fuels. The cost of these products is also 30 to 50%
Any decline in the stock is an op-
How, When, and Why to Sell Stock ? portunity to buy. ***
lower than the regular fuels.
(Cont. on P. No. 6)
Most advisors often provide A. K. Asnani
only buy recommendations.
Most investors lose in stock
(M) 9893512098 Commodities Chart & Levels Bharti Joshi CFA
SEBI Registered Research Analyst / www.multibaggers.co.in
market not because they do not have Smart Verc (Bhopal)
Author of Book
profit making stocks in their portfo- Crude oil :- crude oil trend is bullish only we could
lio, but due to the dominance of loss Way to Billionaire
see price moving upward by making higher high and higher
making stocks. Since the economy is always on the up move it is safer to low. Today price has given correction and taken support at
provide a buy advice than sell. Secondly most advisors themselves do not its near term support area of 4380. If it breaches this level
know when to sell. Solution is to look for the Value. If share price is way we could see further sell off extending up to levels of 4280,
above Value then sell. over there we could see demand coming in once again,
Should you fix target gains? :- No, this is not the right way of selling below that it will lose its short term upward momentum. On
a stock. Suppose you fix a target of exiting a stock on 25% gains, then you higher side we could see fresh breakout above 4660 and
will never be able to hold a multibagger. Bajaj Finance has grown almost 50 above that we could see level of 4850.
times during last 8 years. Ten years ago stock was ruling at Rs 9 (adjusted
for Bonus and Split), had one fixed a target of 25%, he would have made an
Silver :- short term trend of silver is down only
exit at Rs 11.25. Today the share price is Rs 3000 plus, a potential loss of but showing sideways movement from last few days.
26,500%. To overcome this problem, look for the story. If the story is intact We could see silver trading in between range of 38150
remain invested. to 36650. Any major move is expected when they
Loss aversion :- If a stock is trading at a price lower than the purchase penetrate this levels. On lower side below 3650 we
price, and investor knows very well that future is more disappointing then could see levels of 36280 and on higher side we could
there is no point in holding the stock. Though 'head' knows very well that the see some supply coming around level of 38150, above
stock is worth exiting, but 'stomach' is not big enough to digest a loss. In that we could see level of 38560 and 38850.
most of the cases the loss keeps widening. One must realize that the loss Gold :- gold is pure consoli-
has already happened. It is only a formality to call your broker and exit. dation mode from last two months
Remember, not selling a potential loser will dent your returns in two ways. its trading in range of 32350 to
First the further losses from the existing stock and second, the loss due to 31450. We could see any change
absence of the potential new stock. Simplest and most effective way of in trend by violating this support
dealing with this challenge is 'Will you buy this stock if didn't owned it, if your and resistance zone. On upper
honest answer is no then it is time to sell.' Remember loss of 50% in a stock side above 32350 we could see
requires gains of 100% to recover the loss. levels of 32800 and on lower side
By A K Asnani : Author - Way To Billionaire : 9893512098 - smartasn@gmail.com below 31450 we could see level of
A K Asnani will not be responsible / liable for any loss arising out of ideas posted above. The 31070.
above technique may or may not work for all investors.

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

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