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O
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PAGE 01 PAGE 05
Highlights of Gujarat's Upcoming Consequences of Rcom
Legislative Election Shutting 2G Business

01 03 04
PAGE 03 PAGE 07
Government Infuses 2.11 Lakh Trade Wisely by
Crore Bailout Package- Will It Combining Bollinger
Work For Banks? Band and RSI Strategy

PAGE 09 PAGE 13
Xi-Jinping's Theory of (Almost) Glimpse on the Indian
Everything in China Garment Industry

05 06 07 08
PAGE 11
Upcoming Quarterly Result Session-
PAGE 15
All You Need to Know about the
Will It Help To Make New Highs In Deal of Bharti Airtel and Tata
Indian Stock Markets? Teleservices
PAGE 17
Best Intraday Trading
PAGE 37
Basics of Algorithm Trading
Strategy that Every Trader
Strategy that is dashing in
Must Know
Stock Market

09 10 11 12
PAGE 19 PAGE 39
CASH , FUTURE AND COMMODITY
Anti Black Money Day be
Celebrated by BJP-led NDA
government on 8 November

PAGE 41
The Landslide Election Victory
of Shinzo Abe in Japan

13
Highlights of Gujarat's Upcoming Legislative Election

T
he Elec on Commission has announced the dates and completed the
schedule for Gujarat Assembly Elec ons. Proving the assump on right, the
vo ng date is on 14th December 2017 in the state. As per the reports, vo ng
might take place in two phases for the 182-seat Gujarat Legisla ve Assembly.

Few reliable sources have disclosed that coun ng of votes for Gujarat
elec ons is likely to take place on the same day as results for Himachal
Pradesh Assembly elec ons on December 18. The date of vo ng in
Himachal Pradesh is 9 November 2017, which is decided by the Elec on
Commission on October 12. It is said that the ba le for Gujarat is
assumed as an esteem ba le for the governing Bhara ya Janata Party.
The party has set a target of 150 seats this year, which is high up from
the 115 seats the party had won in 2012 elec ons.

The subject of Gujarat's Upcoming Legisla ve Elec on is already


hea ng up in the poll-bound state with the Congress and the BJP locking
horns. The BJP has hit out at the Congress for saying the party may even
join hands with terrorists if that can win them Gujarat elec ons. These
days all eyes are now on the highlights of Gujarat Elec on as there is
poli cal ba le going on. The pitch is really on the higher side.

STOCK MARKET 01
Here are updated highlights of Gujarat assembly:

The details of the candidate, the voter has voted for


will be shown a er the vo ng process is over, as per
the Chief Elec on Commissioner, Achal Kumar Jo .

The vo ng date is 14th December.

Polling will be held in two phases.

The electoral body announced that on 18 t h


December, the votes will be counted for both
phases.

The Elec on Commission has decided November


30th as the last date for withdrawal of candidatures
for phase 2.

Date of issue of gaze e no ca on is November


20th, and the last date to le nomina ons is
November 27th. Phase 2 will consist of 90 seats.

The date of scru ny of nomina ons is November


28th.

Polling for phase 1 will be held on December 9th for


89 seats. Date of issue of gaze e no ca on for
phase 1 is November 14th. The last date for ling
nomina ons is November 21st and the scru ny of
nomina ons would take place on November 22nd.
The coun ng of votes will take place on December
18th.

The total expenditure per candidate is set at Rs. 28


lakhs according to es ma on of electoral body.

There will be 102 all women polling sta ons.

At important border check posts, CCTVs will be


installed. In cri cal polling booths and sta ons,
CCTVs will be installed in vulnerable areas.
However, the Elec on Commission will ensure that
the secrecy of votes are maintained and not leaked.

Alike Himachal Pradesh, all 50,128 polling booths


will use EVMs with VVPAT or paper trail machines in
Gujarat.

According to the Elec on Commission, the paper


trails from VVPAT machines will be randomly
scru nized for at least one polling sta on.

STOCK MARKET 02
Consequences of Rcom
Shutting 2G Business

T
he Reliance Communica ons is going through losses,
thus it has decided to close down its 2G wireless
business. The company has also asked its 2G and 3G
customers to upgrade to their 4G networks. It has also quoted
the reason behind closing the 2G business that they are making
losses due to free voice calls oered by another telco. The
telecommunica on industry is s ll suering losses as the recent
entrant Jio had introduced free oers on both data and voice
plans. It has disrupted the market. The company is known to
have 81 million subscribers of which about 40 million use its 2G
network.

The execu ve director of Reliance Telecom, Gurdeep Singh has informed his employees that the company
would not be able to sustain the business beyond 30 days. The spokesperson of RCom informed that it was
already announced on October 1, 2017, that the company has decided to adopt a 4G-focussed strategy for
protable growth of its wireless business. Thus according to the announcement, RCom will be op mising its 2G
and 3G footprint and related infrastructure and human resources, with eect from November 30, 2017.

It was also informed that the 4G-led strategy of company will be executed as at present on the back of capital-
light access to India's most extensive 4G mobile network. The chairman of the rm, Anil Ambani had stated that
the country's telecom sector had nearly cut 10,000 jobs in 2016. The ongoing stress would be a reason again to
reduce approximately 30,000-40,000 jobs in 2017.

STOCK MARKET 03
The spokesperson elaborated and said that the RCom is having
debts of Rs 46,000 crore, and had a 'stands ll' from lenders ll
December 2017 to repay Rs 25,000 crore. If the company fails to
repay then the lenders may convert a part of the debt into equity.
With the merger of RCom's wireless business with rival Aircel
falling through, and plans to sell the tower business to Brookeld
hi ng a stumbling block, the rm is now looking at op ons,
including sale of its realty assets, to stay aoat, a source said.

Rcom will look to merge its ILD voice, consumer voice and
postpaid 4G dongle opera ons into its enterprise unit, provided
it is protable to do so. It plans to close down all other parts of its
business, with the excep on of its towers unit, which has deals in
place with other operators, including Reliance Jio. The DTH
television licence of RCom expires on November 21 and it has no
plan to renew it, thereby exi ng the TV space. It is also observed
that RCom shares fell 3.4% on the BSE to close at Rs 16.45 in a
rm Mumbai market on 21 October 2017, valuing the company
at Rs 4,094 crore.

Glimpse of the Long-term perspective

The experts expect that this move of RCom seems to be based on


a longer term perspec ve of spectrum u lisa on and economic
eciency of running mul ple networks. There are many
companies in the world that are planning to shut down their 2G
business.

Apart from 2G business, RCom is also eec vely shu ng down


Reliance Digital TV. Its DTH licence will be expiring and it has no
plan to get the renewal done. The company had a empted
unsuccessfully to merge its DTH opera ons with the Sun Group
in 2013.

The company representa ve informed that the DTH opera ons


are a non-core area for RCom. The company is presently
func oning with three chief DTH operators for seamless
migra on, so that its customers can enjoy uninterrupted
services. In the next few days, a new scheme without any
addi onal costs will be communicated to its customers.

STOCK MARKET 04
Government Infuses
2.11 Lakh Crore Bailout Package- Will It Work For Banks?

T he breaking headlines was captured by the media that says the government has announced an aggressive Rs. 2.11 lakh crore
capital infusion for the Non-performing Assets hit public sector banks over a period of two years. The government has decided
to provide Rs. 1.35 lakh crore through the recapitaliza on bonds. On the other hand, the remaining amount Rs. 76,000 crore
will be taken from the budgetary support according to Rajiv Kumar, who is currently the Financial Services Secretary.

Finance Minister, Arun Jaitley had announced that the capital infusion would be done over the next two scal. He informed that the
capital infusion would be accompanied by series of banking reforms that would be spelt out in the next few months. According to the
nance minister, the nature of the bonds and details of the bonds would be made public during course of me.As per the reports, it is
proven that the Non-performing assets have increased drama cally. Earlier in March 2015 the NPAs of banks were of Rs. 2.75 lakh
crore, while on June 2017, it was of Rs. 7.33 lakh crore. The government has announced that the banks would get Rs. 18,000 crore
under the Indradhanush plan. In 2015, under Indradhanush roadmap, the government had announced to infuse Rs. 70,000 crore in
state-run banks over four years to meet their capital requirement in line with global risk norms, known as Basel-III. In 2015-16, under
the Basel-III, the public sector banks were provided by Rs. 25,000 crore, and same amount was given for the following years. Apart
from this, the government has also oered Rs. 10,000 crore each in 2017-18 and 2018-19

STOCK MARKET 05
This move of government is being appreciated by people
as it is vital for the slowing economy. Since, the private
investments remain elusive in the face of the twin-
balance sheet problem aic ng corporate India and
public sector banks reected in slow bank credit growth,
hence there is need of such step.

While some people are considering this move of


government as vital, there are some economists, who
think that the recapitaliza on of banks is cri cal for
revitalizing the growth momentum at a me when the
global economy is ge n g b e e r.

As per the informa on given by the Financial Services


Secretary, Rajiv Kumar, the Union Cabinet had approved the
capital infusion plan for PSBs. He also informed that the
funding pa ern would be front-loaded.

This massive step of government to capitalize PSBs will be


carried away in the front-loaded manner, which will be
suppor ng credit growth and job crea on. It also involves
mobiliza on of capital, with maximum alloca on in the
current year, to the tune of about Rs 2,11,000 crore over the
next two years.

The capitaliza on package of government for public sector


banks will give a strong booster dose of relief for the capital
starved public sector banks according to the Senior Director
of CRISIL.

GOVERNMENT INFUSES
2.11 LAKH CRORE BAILOUT PACKAGE- WILL IT WORK FOR BANKS?
STOCK MARKET 06
Trade Wisely by Combining Bollinger

Band and RSI Strategy


In stock market, once new
securi es have been sold in
the primary market, they
are traded in the secondary
market, where one investor
buys shares from another
investor at the prevailing
market price or at whatever
prices both the buyer and
seller agree. The regulatory
authority regulates the
secondary market or the
stock exchanges. In India,
the Security and Exchange
Board of India (SEBI) govern
the secondary and primary
markets.

STOCK MARKET 07
One can buy and sell a stock only if, it is listed on an exchange. Bollinger Bands is a technical analysis tool invented by John
To buy and sell these stocks traders apply dierent strategies Bollinger in the 1980s. Bollinger Bands are one of the most
and indicators to close deal in benet. There are dierent common vola lity indicators used by analysts in technical
types of indicators used in the technical analysis. Traders use stock market analysis. The bands plot three separate lines
dierent ways to trade. Traders and technical analysts not on a price chart, with the outer two represen ng a two-
only apply single strategy to study but also combine two standard devia on range from a centerline calculated using
strategies in order get the best study results. Buy and sell a moving average. Because the standard devia ons widen
signal ini ator uses Bollinger band and RSI act as a or narrow dynamically based on the security's trading
conrma on. range, Bollinger Bands are bendable and adaptable tool. It
is very frequent to combine Bollinger Bands with an
addi onal renowned indicator, the Rela ve Strength Index,
or RSI, to help conrm a trend's rela ve strength. The RSI
compares the number of days a security closes up versus
closing down over a period. It is a momentum indicator. On
a series from zero to 100, these values are plo ed, with
over-bought securi es typically expected when the RSI
returns a value over 70 and oversold securi es expected
when the value is fewer than 30. The RSI acts to support or
dismiss possible price trends, when the two strategies are
combined.

For instance, if a stock price gets to go the upper band of a


Bollinger Band price channel and simultaneously, the RSI
reaches 70+, the trader could make the interpreta on that
the security is overbought and is inated in price. Traders
could then sell the stock, buy a put. On the other side of the
moon, if the price chart shows trading reads the lower
Bollinger Band and the RSI is not under 30. In this case,
traders get indica on with RSI, the security may not be
oversold or unreasonably low in price, as the Bollinger
Bands seem to indicate. The traders would not right away
enter buy calls or purchase extra stock since the downtrend
would carry on. If the RSI is high, the trader may even
c o n s i d e r a p u t u p f o r s e l l .

STOCK MARKET 08
STOCK MARKET 20

XI-JINPING'S THEORY OF
(ALMOST) EVERYTHING IN CHINA

I
n the gathering of the Communist Party that took place on 24th October,
the Chinese President Xi Jinping's status was prominent. He presented a
lengthy speech in which he laid out his vision for China as a global power by
the year 2050. The name of the President and his ideology were wri en into
the party's charter. The ideology of the president shows that he is expec ng to
build up a strategy that can turn the Chinese Communist party into an
ideologically unied, pris ne organiza on, which can be lead by a charisma c
leader, who can bring the economic, poli cal, social and cultural rejuvena on
of the great Chinese na on. The ul mate goal of China is to occupy its righ ul
place as a leader of the world.

Main Theory of Xi- Jinping


The main phrase that was pushed into the cons tu on was Xi Jinping thought
on socialism with Chinese characteris cs for a new era, which makes Xi the
architect of a third major period for China under Communist rule since 1949,
and builds on former leader Deng Xiaoping's earlier mantra of socialism with
Chinese characteris cs.It is well known that the rst era of China saw the
unica on under Mao a er a protracted civil war that followed the country's
occupa on by foreign powers since the Opium Wars of the 1840s. The leader
then established China as a Communist state with a socialist economy.

A er this, in the second era of China, the capitalism into the economic
structure and the pursuit of a broad goal of prosperity for ci zens was
introduced. It is associated with Deng merging the party's power.

STOCK MARKET 09
Socialism for Chinese Characteristics

Socialism with Chinese characteristics has been


around for years and predates the party general
secretary, president and military chief, so the key to
understanding Xi Jinping Thought is the reference to a
new era.Xi's predecessors were custodians of the
achievements of Mao, who led the revolution and
founded the country, and Deng, who transformed the
economy and opened up the country.According to Xi's
thought this third era of development will extend the
Communist Party's reach into all areas of life and re
up controls of areas like the internet, ghting
corruption and tightening security. The thought is to
build up a world-class military to back China's
growing inuence in the region, which will transform
China into a genuine global player.

Highlights
China has found its way to development and to make it great again, and this
is called socialism with Chinese characteris cs under the leadership of the
party as directed by Xi.

This means China will now move in its own direc on, set by Xi.

China's modernisa on programme will con nue, and it will also abandon
the Deng principle of hiding our capabili es and biding our me, instead
taking centre-stage in global aairs.

In a nutshell, it is to enhance the Leninist nature of the Communist Party so


that it can perform a leadership role in everything everywhere in China. It also
include promo on of the free market.

STOCK MARKET 10
Upcoming
Result Quarterly

Session- Will It Help To Make New Highs In Indian Stock Markets?

Quarterly results from blue-chips TCS


and Infosys and announcement of
macroeconomic data will surely drive
the market sen ment in a holiday-
shortened week ahead, according to
the experts of the industry. Some
traders have forecasted that in coming
weeks, second quarter corporate
earnings and key economic data
release will set the trend in a truncated
trading session in stock markets. Since
there are too many uncertain es such
as the Fed rates, US presiden al
elec on and corporate earnings
season, it is also predicted that trading
will remain range-bound in the near
term.

STOCK MARKET 37
11
T
he Tata Consultancy Services had announced its
September quarter result on October 13, and
Infosys had announced its results on October 14,
thus, earnings season will commence from this week.

In the beginning, Indian markets along with other Asian


markets might react to the outcome of the crucial US
non-farm payrolls data that was announced on October 7
a er close of markets as per the expecta on of the
experts.

On the other hand, Mphasis surges 9% a er Q2 results.


The company Shares of Mphasis climbed 9 per cent on 27
October 2017, a er the company reported be er-than-
expected prot for the September quarter. Company has
reported 4.9 per cent sequen al growth in QoQ dollar
revenues at $242 million that beat the consensus
es mates. On sequen al basis, this was the second
consecu ve quarter of 4 per cent plus growth for the IT
rm. However, the target prices of a couple of brokerages
suggest the stock hold limited to no upside going ahead.
The stock climbed 9.34 per cent to hit a high of Rs 735 on
BSE on 27 October 2017. According to the experts the
results were strong, both on growth as well as deal won
basis, and may lead to some earnings upgrades. It was
noted that the brokerage has 'accumulate' ra ng on the
stock with a target price of Rs 725, valuing the rm at 13
mes FY20E earnings.

The total prot of the company for the quarter 2 rose by


5.6 per cent, but it was down on year-on-year basis.
During the quarter, opera ng margins expanded by 64
basis points sequen ally to 14.4 per cent.
STOCK MARKET 38
12
GLIMPSE ON THE INDIAN GARMENT INDUSTRY
It is
w e l l
known that
the tex le plays
a major role in the
Indian economy. It
contributes 14 per cent to
industrial produc on and 4 per
cent to GDP. The industry is one of
the largest sources of employment
genera on in the country, with over 45
million people. These days, the tex le
industry is busy due to fes val season. The movement of co on yarn will be

The industry is seeing tremendous sluggish compared to last month as per the

increase in the orders, thus spinning expecta on of industry experts. However,

mills and weaving units that are into the prices had not gone down. The

co on or silk products are growing. powerloom units in the region are facing a

However, it is observed that here is a slowdown. The manufacturers of tex le

moderately slow market for co on- product had reduced the volume of yarn

based products for the last few months supplied to the job-working units. With

and the orders for silk products are high. decient rains, this year, the rural sector is

The season con nues with fes vals ll also likely to be aected, which would have

January, which is usually a period of high an impact on fes val season sales. The

demand. Several power loom units get prices of co on products will go up by

busy a er Diwali and cater to the north nearly 25 per cent. The prices of man-

Indian markets as well. The cost of silk made bre products will also be increasing

yarn and cocoon is usually steady as the but not as high as the rates of co on. As a

demand for silk fabrics and products is result, the volume of sales this year will be

high. Because of decient monsoon and aected.

produc on was good in Tamil Nadu, the The fes vals and sales promo ons will
rates were high compared to last year as a ract customers and thus shoppers will
experience upturn in the economy to open
produc on of cocoon was aected in
up their wallets. The retail companies as
other States. Silk weavers are expected well as consumer goods may report the
to have good orders and demand and steepest sales incline during the three
prices will also go up for them. months to December.
STOCK MARKET 13
Tex le industry accounts for
almost 15 per cent of total
exports

It was es mated that the size of


India's tex le market in 2016 was
around US$ 137 billion, which
will be growing to US$ 226 billion
market by 2023.

The industry will be growing at a


CAGR of 8.7 per cent between
2009-23E

The government of India has


plans to nalize and launch the
new tex le policy in the next
three months. With the help of
this policy tex le industry will
achieve US$ 300 billion worth of
tex le exports by 2024-25 and
create an addi onal 35 million
jobs.

Aggregate net sales of the


industry stood down 9.4%
compared with the same period
a year ago.

Aggregate net prot for the Tata


group's Trent Ltd, Shoppers Stop
Ltd and Titan Co. Ltd, Cesc Ltd,
Gitanjali Gems Ltd that runs the
Spencers super and hypermarket
chains, is expected to be at
Rs.454.27 crore.

These days, the consumer mindset


has changed and become careful.
N o w, p e o p l e a r e i n t h e
macroeconomic environment, where
they have gone back to savings mode
and only buy the essen als rather

Market Growth
than buying all other purchases. Due
to t h e e co n o m i c u n c e r ta i nt y,
consumers are also holding on to
their durables for longer. The average

of the Industry life of a product has improved by 20%,


w h i c h m e a n s re p l a c e m e n t o r
upgrade that use to take ve years
earlier now takes seven years.

STOCK MARKET 14
All You Need to Know about the Deal of

Bharti AirtelAnd
Tata Teleservices

T
he trending headlines these days are that Bhar Airtel will be
acquiring the Tata conglomerate's consumer mobile business, Tata
Teleservices virtually free of charge. This move will provide India's top
wireless player a major subscriber base boost, while stemming the bleed for
Tata from a money-losing venture.

Here are some of the prots that


Bharti Airtel will be having after this
move to merge its position in the

telecom battleeld
STOCK MARKET 15
The Bhar Airtel will be adding value by acquiring Telenor sooner or later due to growing consolida on a er Reliance
acquis on as it will gain the spectrum. Soon, the company Jio's entry.
will come up with its 4G services in 1,800 MHz band and
2,100 Mhz band. The 43.4 MHz spectrum of Telenor will The opera ons of Telenor will surely empower Bhar
be denitely powering the 1800 MHz band of Bhar Airtel in India's most densely populated regions. The
Airtel's 4G services. regions, where Telenor has grip are Andhra Pradesh,
Bihar, Maharashtra, Gujarat, UP (East), UP (West) and
Spectrum is the dening feature of Bhar Airtel's Assam. These regions are densely populated and also
acquisi on. For Bhar Airtel, Spectrum ma ers more hold vast poten al as mobile services and infrastructure
than anything else in this deal. Through this move, Bhar spread in the under-served interiors of India at a rapid
Airtel will obtain an addi onal 43.4 MHz spectrum from pace. These regions are now crucial for telecom
Telenor in the 1800 MHz band, which will boost Aitel's companies.
already robust spectrum ki y.
With the deal, Bhar Airtel will get over 40 millioncustomers
By acquiring Telenor, Bhar Airtel will have 52.5 million with high churn rate and over 5,000 employees. The
subscribers, which will be a signicant addi on to the transac on will also provide Bhar Airtel with an indefeasible
company. In recent months, Reliance Jio had made right to use part of the exis ng bre network of Tata.The
biggest subscriber gains. However, with this smart deal, planned merger of Bhar Airtel and Telenor will comprise
Bhar Airtel will be having 269 million subscriber base in transfer of all the customers and assets of Tata CMB to Bhar
the country, where Vodafone is just having 205 million Airtel. This will further enlarge the Bhar Airtel's overall
subscribers and Idea is embracing 190 million subscribers. customer base and network in the country. The company,
Bhar Airtel will be beneted with this proposed merger as
Earlier it was a rumour that Telenor is looking to merge its the 178.5 MHz spectrum of which 71.3 MHz is liberalized will
India opera ons with Reliance Communica ons. But be added in the 850, 1800 and 2100 MHz bands.
later on it was conrmed that Bhar Airtel had acquired
Telenor, which has given it an edge over its rivals as
Telenor would have been bought by Bhar Airtel's rivals

STOCK MARKET 16
If you want to succeed at day trading
then you need to denitely prac ce
following three things:
BEST INTRADAY TRADING
You must iden fy intra-day trading Strategy that Every Trader Must Know
strategies that are tried, tested.
You need to be 100% disciplined in
execu ng these strategies.
You must s ck to a strict money
management regime.

As the topic says that you will be learning about best intraday trading strategy under this heading, so let us start with it. But before we
start with the strategy, rst let us know why novice traders must not do day trading. For those, who have just started trading in stocks,
this article is helpful as it embraces certain best reasons for why intraday trading is not safe for them. As we know, intraday trading is
buying and selling of stocks in one single day. Therefore, the intraday trading involves frequent market uctuation, which is not that
easy to understand by novice traders. Though if you are trading under the guidance of some knowledgeable person or technical analyst
then you may get the prot.
You must always learn with your mistakes and also keep in mind that you must never risk more than 2% of your trading capital on every
trade. The study proves that no one will go bust in trading if they trade with proper risk management. This piece of writing embodies one
of the best as well as simple strategies that can be implemented in intraday trading.

STOCK MARKET 17
Opening Range
Breakout (ORB)

This is one of the best strategies, used to generate intraday


trading ps. It is commonly used by the technical analysts as it
has the poten al to deliver high accuracy if done with op mal
usage of indicators, strict rules and good assessment of overall
market mood. Also remember that this system is applicable
only for intraday trading.

Traders prac ce several varia ons in ORB trading. Most of technical analysts recommend their clients to trade on opening range
breakout. The me window ranges from 30 minutes to 3 hours for the trades.
At the me of observing and trading Indian market, the technical analysts devised with the system, which suits the market, in
order to generate best intraday trading ps. This is scalping as well as trending system that is combined into one system and thus
you can easily take the advantage of quick moves in the market. This is best trading strategy used to generate free intraday trading
ps. This trading strategy is simple and straigh orward.
A stock creates a range in ini al 30 minutes of trading in a day. This is calling Opening Range. The highs are considered as
resistance and the lows are considered as support. You must always buy when the stock moves above the opening range high and
sell when the stock moves below the opening range low. This trading strategy is used by the technical analysts over the globe and
it generates the best intraday trading ps.

STOCK MARKET 18
MONEY CLASSIC RESEARCH
CASH
R E C O M M E N D AT I O N S

JBM AUTO
CASH CALL BUY JBMA ABOVE 550 TGT 600/650 SL 490
JBM Auto Ltd. was incorporated in 1990. Its main function is
to manufacture Tools, Dies and Moulds at Faridabad. It is an
JBM AUTO LTD - KEY FUNDAMENTALS
India-based company that is engaged in the manufacturing
of tools, dies and moulds and it is known to operate in three
PARAMETER VALUES
segments: Sheet Metal Division, Tool Room Division and
MARKET CAP ( CR) 2,182
Special Purpose Vehicle division. The products of the
company include parcel shelf, bonnet for tractor, rear EPS - TTM ( ) [*S] 7.80
assembly for tractor, stiff assembly, panel C pillar, marcopolo P/E RATIO (X) [*S] 68.55
Fr assy, shelf center rear assy and Tunnel Assy. The Company FACE VALUE ( ) 5
has also established a Press Shop for manufacturing Sheet
LATEST DIVIDEND (%) 40.00
Metal Components and Welded Sub-assemblies to meet the
LATEST DIVIDEND DATE 10 AUG 2017
growing stringent quality requirements of automobile
DIVIDEND YIELD (%) 0.38
industry. The company shares are listed in Bombay Stock
BOOK VALUE / SHARE ( ) [*S] 58.36
Exchange and National Stock Exchange.
P/B RATIO ( ) [*S] 9.16

[*C] Consolidated [*S] Standalone

JBM AUTO LTD - FINANCIAL RESULTS JBM AUTO LTD - SHAREHOLDING PATTERN

PARTICULARS ( CR) JUN 2017 JUN 2016 % CHG CATEGORY SHARE (%)

NET SALES 357.61 5.28 PROMOTERS 61.95


376.49
BANKS/FIS 0.03
OTHER INCOME 7.82 16.82 -53.51
FIIS 0.41
TOTAL INCOME 384.31 374.43 2.64
INSURANCE 0.01
TOTAL EXPENSES 329.67 326.57 0.95
MUTUAL FUNDS 0.17
OPERATING PROFIT 54.64 47.86 14.17 14.88
INDIAN PUBLIC
NET PROFIT 19.45 18.51 5.08 CUSTODIANS 0.00

EQUITY CAPITAL 20.4 20.4 - OTHER 22.55

JBM AUTO LTD - RETURNS

PERIOD BSE NSE SENSEX NIFTY


1 WEEK 2.18% 2.57% 2.34% 1.76%
1 MONTH -2.76% -2.65% 6.34% 5.87%
3 MONTH 54.29% 55.01% 2.96% 3.49%
6 MONTH 91.44% 92.48% 11.19% 11.39%
1 YEAR 88.18% 89.72% 19.10% 20.15%
3 YEAR 94.22% 94.47% 21.65% 26.86%

STOCK MARKET 19
MONEY CLASSIC RESEARCH CASH
R E C O M M E N D AT I O N S

JBM AUTO LTD


CASH CALL BUY JBMA ABOVE 550 TGT 600/650 SL 490

o RSI CROSSOVER
o STOCATICS CROSS OVER
o BREAKOUT OF FLAG PATTERN ON DAILY CHART
o TAKING SUPPORT OF LOWER BAND OF BOLLINGER BAND
o TAKING WEEKLY SUPPORT AND REVERSE

CASH CALL BUY JBMA ABOVE 550 TGT 600/650 SL 490

DLF LTD
CASH CALL BUY DLF ABOVE 180 TGT 198/218 SL 160

DLF Ltd is a company that looks after the business of DLF LTD - KEY FUNDAMENTALS
colonization and real estate development. The company
operates all aspects of real estate development, from the PARAMETER VALUES
identification and acquisition of land, to planning, MARKET CAP ( CR) 33,496
execution, construction and marketing of projects. It is
EPS - TTM ( ) [*S] 4.19
known for generation of power, provision of maintenance
P/E RATIO (X) [*S] 44.81
services, hospitality and recreational activities, life
insurance and retail chain outlets. The company's internal FACE VALUE ( ) 2

business embraces development business and rental LATEST DIVIDEND (%) 100.00
business. The development business of the Company is LATEST DIVIDEND DATE
involved in the sale of residential spaces, select DIVIDEND YIELD (%) 19 SEP 2017
commercial offices and commercial complexes. It has a
BOOK VALUE / SHARE ( ) [*S] 1.08
unique business model with earnings arising from
P/B RATIO ( ) [*S] 82.42
development and rentals. The company is also involved
into infrastructure, SEZ and hotel businesses. [*C] Consolidated [*S] Standalone 2.28

STOCK MARKET 20
MONEY CLASSIC RESEARCH CASH
R E C O M M E N D AT I O N S

VAKRANGEE LTD

DLF LTD - FINANCIAL RESULTS DLF LTD- SHAREHOLDING PATTERN

PARTICULARS ( CR) JUN 2017 JUN 2016 % CHG CATEGORY SHARE (%)

NET SALES 2047.7 1867.46 9.65 PROMOTERS 74.95

OTHER INCOME 163.54 487.23 -66.43 BANKS/FIS 0.15

-6.09 FIIS 16.67


TOTAL INCOME 2211.24 2354.69
INSURANCE 0.14
TOTAL EXPENSES 1144.58 1122.62 1.96
MUTUAL FUNDS 1.02
OPERATING PROFIT 1066.66 1232.07 -13.43
INDIAN PUBLIC 5.49
NET PROFIT 121.22 283.04 -57.17 CUSTODIANS 0.00
EQUITY CAPITAL 356.8 356.78 - OTHER 1.58

DLF LTD- RETURNS

PERIOD BSE NSE SENSEX NIFTY


1 WEEK 4.83% 4.85% 2.34% 1.76%
1 MONTH 14.48% 14.36% 6.34% 5.87%
3 MONTH -1.96% -1.75% 2.96% 3.49%
6 MONTH 0.94% 1.02% 11.19% 11.39%
1 YEAR 25.04% 25.06% 19.10% 20.15%
3 YEAR 51.53% 51.35% 21.65% 26.86%

CASH CALL BUY DLF ABOVE 180 TGT 198/218 SL 160

o RSI CROSSOVER
o STOCATICS CROSS OVER
o BREAKOUT OF CHANNEL LINE ON DAILY CHART
o PSAR IN BUYING MODE
o DOUBLE BOTTOM ON DAILY CHART

CASH CALL BUY DLF ABOVE 180 TGT 198/218 SL 160

STOCK MARKET 21
MONEY CLASSIC RESEARCH CASH
R E C O M M E N D AT I O N S

Yes Bank Ltd


CASH CALL BUY YESBANK ABOVE 305 TGT 335/370 SL 270

Yes Bank Ltd was incorporated on November 21, 2003. On YES BANK LTD - KEY FUNDAMENTALS
January 21, 2004, the Bank obtained their certificate of
commencement of business. It is engaged in providing a PARAMETER VALUES
range of banking and financial services and it mainly MARKET CAP ( CR) 72,020
operates in four segments: Treasury, Corporate /
EPS - TTM ( ) [*S] 16.44]
Wholesale Banking, Retail Banking and Other Banking
P/E RATIO (X) [*S] 19.12
Operations. Rana Kapoor founded Yes Bank. The Bank
FACE VALUE ( ) 2
forayed into retail banking with launch of International
Gold and Silver debit card in partnership with MasterCard LATEST DIVIDEND (%) 120.00

International in the year 2005. In the same year, they came LATEST DIVIDEND DATE 29 MAY 2017
out with the public issue and their shares were listed on the DIVIDEND YIELD (%) 0.94
stock exchanges. The Bank bagged Corporate Dossier
BOOK VALUE / SHARE ( ) [*S] 102.21
award from Economic Times in December 2005. In 2008, in
P/B RATIO ( ) [*S] 3.08
London, the Bank was also ranked as the No 1 Emerging
Markets Sustainable Bank of the Year-Asia at the FT/IFC [*C] Consolidated [*S] Standalone

Washington Sustainable Banking Awards.

YES BANK LTD - FINANCIAL RESULTS YES BANK LTD - SHAREHOLDING PATTERN

PARTICULARS ( CR) SEP 2017 SEP 2016 % CHG CATEGORY SHARE (%)

NET SALES 4800.34 4060.37 18.22 PROMOTERS 20.11

BANKS/FIS 0.05
OTHER INCOME 1248.44 921.86 35.43
FIIS 45.51
TOTAL INCOME 6048.78 4982.23 21.41
INSURANCE 13.41
TOTAL EXPENSES 1673.92 1109.73 50.84
MUTUAL FUNDS 11.02
OPERATING PROFIT 4374.86 3872.5 12.97 7.94
INDIAN PUBLIC
NET PROFIT 1002.73 801.54 25.1 CUSTODIANS 0.00
EQUITY CAPITAL 458.14 421.66 - OTHER 1.87

YES BANK LTD - RETURNS

PERIOD BSE NSE SENSEX NIFTY


1 WEEK -11.21% -11.03% 2.34% 1.76%
1 MONTH -10.17% -10.04% 6.34% 5.87%
3 MONTH -14.75% -14.53% 2.96% 3.49%
6 MONTH -3.60% -3.44% 11.19% 11.39%
1 YEAR 24.01% 24.31% 19.10% 20.15%
3 YEAR 137.21% 137.59% 21.65% 26.86%

STOCK MARKET 22
MONEY CLASSIC RESEARCH CASH
R E C O M M E N D AT I O N S

YES BANK
CASH CALL BUY YESBANK ABOVE 305 TGT 335/370 SL 270

o IT HAS CREATED DOJI PATTERN IN DAILY CHART


o TAKING SUPPORTOF TREND LINE IN WEEKLY CHART
o RSI IS IN OVERSOLD ZONE IN DAILY CHART
o STOCHASTICS IN WEEKLY ARSO SHOWING A REVERSAL FROM 300 LEVELS
o PSAR SUPPORT IN MONTHLY CHART

CASH CALL BUY YESBANK ABOVE 305 TGT 335/370 SL 270

SUN TV NETWORK LTD


CASH CALL BUY SUNTV ABOVE 820 TGT 900/1000 SL 740

SunTV Network Limited was incorporated as Sumangali SUN TV NETWORK LTD - KEY FUNDAMENTALS
Publications Private Limited in 18th December of the year
1985. It is India's second largest television network, which PARAMETER VALUES
has power packed Twenty TV channels, Forty One FM Radio MARKET CAP ( CR) 32,780
Stations, Two Daily Newspapers and Four Magazines in
EPS - TTM ( ) [*S] 25.32
several Indian languages. The company originally began as
P/E RATIO (X) [*S] 32.85
a Tamil satellite channel and further expanded with other
channels in other languages including Telugu, Malayalam FACE VALUE ( ) 5
and Kannada. It mainly offers the following channels; LATEST DIVIDEND (%) 50.00
SunTV, KTV, Sun Music, Sun News, Chutti TV, SuryaTV, LATEST DIVIDEND DATE 21 AUG 2017
GeminiTV, Teja News, Gemini News, Gemini Music, Gemini DIVIDEND YIELD (%) 1.19
Cable Vision, UdayaTV, Udaya Movies, Udaya News, etc. It
BOOK VALUE / SHARE ( ) [*S] 102.05
has its own earth station that beams programs directly to
P/B RATIO ( ) [*S] 8.15
the satellite. The network is widely spread in Asia, South
Africa, Australia, Europe and USA. Sun TV entered Tamil [*C] Consolidated [*S] Standalone

homes for the first time in Tamil New Years Day at 14th April
of the year 1993. Over a period of time with Sun TV became
a 24-hour channel in January of the year 1995.
STOCK MARKET 23
MONEY CLASSIC RESEARCH CASH
R E C O M M E N D AT I O N S

SUN TV NETWORK LTD


CASH CALL BUY SUNTV ABOVE 820 TGT 900/1000 SL 740

SUN TV NETWORK LTD- SHAREHOLDING PATTERN

PARTICULARS ( CR) JUN 2017 JUN 2017 % CHG CATEGORY SHARE (%)

NET SALES 786.32 760.83 3.35 PROMOTERS 75.00

OTHER INCOME 37.06 21.55 71.97 BANKS/FIS 0.10


FIIS 13.42
TOTAL INCOME 823.38 782.38 5.24
INSURANCE 0.00
TOTAL EXPENSES 337.96 324.44 4.17
MUTUAL FUNDS 3.30
OPERATING PROFIT 485.42 457.94 6 5.65
INDIAN PUBLIC
NET PROFIT 251.64 233.06 7.97 CUSTODIANS 0.00

EQUITY CAPITAL 197.04 197.04 - OTHER 2.53

SUN TV NETWORK LTD - RESEARCH REPORTS

PERIOD BSE NSE SENSEX NIFTY


1 WEEK 3.52% 3.77% 2.34% 1.76%
1 MONTH 8.94% 9.46% 6.34% 5.87%
3 MONTH 4.37% 4.65% 2.96% 3.49%
6 MONTH -9.71% -9.50% 11.19% 11.39%
1 YEAR 51.15% 51.87% 19.10% 20.15%
3 YEAR 160.22% 161.28% 21.65% 26.86%

CASH CALL BUY SUNTV ABOVE 820 TGT 900/1000 SL 740

o INVERTED HEAD AND SHOULDER IN WEEKLY CHART


o RESISTANCE BREAKOUT IN DAILY CHART
o FALLING WEDGE BREAKOUT IN MONTHLY CHART
o RSI IS SHOWING REVERSAL IN BUYING SIDE IN WEEKLY CHART
o PSAR SUPPORT AT 800 LEVELS IN DAILY

CASH CALL BUY SUNTV ABOVE 820 TGT 900/1000 SL 740a

STOCK MARKET 24
MONEY CLASSIC RESEARCH CASH
R E C O M M E N D AT I O N S

RELIANCE CAPITAL LTD


CASH CALL RELCAPITAL ABOVE 585 TGT 645/710 SL 510

Reliance Capital Ltd was incorporated in year 1986 at


Ahmedabad in Gujarat. Initially, the name of the company RELIANCE CAPITAL LTD - KEY FUNDAMENTALS
was Reliance Capital & Finance Trust Ltd. It is a part of the
Reliance Anil Dhirubhai Ambani Group. This is one of PARAMETER VALUES
India's leading and most valuable financial services
MARKET CAP ( CR) 14,785
companies in the private sector. It deals in asset
EPS - TTM ( ) [*S] 20.14
management and mutual fund; life and general insurance;
consumer finance and industrial finance; stock broking; P/E RATIO (X) [*S] 29.05
depository services; private equity and proprietary FACE VALUE ( ) 10
investments; exchanges, asset reconstruction; distribution LATEST DIVIDEND (%) 105.00
of financial products and other activities in financial 21 SEP 2017
LATEST DIVIDEND DATE
services. The company operates in Singapore, Malaysia,
DIVIDEND YIELD (%) 1.82
the United Kingdom, and the United Arab Emirates. In the
BOOK VALUE / SHARE ( ) [*S] 542.19
year 1990, it entered the capital market with the maiden
P/B RATIO ( ) [*S] 1.08
issue. Earlier, the company was engaged in steady annuity
yielding businesses like leasing, bill discounting, and inter- [*C] Consolidated [*S] Standalone
corporate deposits.

RELIANCE CAPITAL LTD - FINANCIAL RESULTS RELIANCE CAPITAL LTD - SHAREHOLDING PATTERN

PARTICULARS ( CR) JUN 2017 JUN 2016 % CHG CATEGORY SHARE (%)

NET SALES 4850 3642 33.17 PROMOTERS 51.99

OTHER INCOME 7 21 -66.67 BANKS/FIS 0.28


FIIS 19.38
TOTAL INCOME 4857 3663 32.6
INSURANCE 4.29
TOTAL EXPENSES 3504 2605 34.51
MUTUAL FUNDS 5.78
OPERATING PROFIT 1353 1058 27.88
INDIAN PUBLIC 14.03
NET PROFIT 281 246 14.23 CUSTODIANS 1.09
EQUITY CAPITAL 253 253 - OTHER 3.13

RELIANCE CAPITAL LTD- RETURNS

PERIOD BSE NSE SENSEX NIFTY


1 WEEK 3.34% 3.35% 2.34% 1.76%
1 MONTH -0.21% -0.07% 6.34% 5.87%
3 MONTH -2.94% -3.02% 2.96% 3.49%
6 MONTH 4.72% 4.83% 11.19% 11.39%
1 YEAR 34.39% 34.49% 19.10% 20.15%
3 YEAR 52.24% 52.45% 21.65% 26.86%

STOCK MARKET 25
MONEY CLASSIC RESEARCH CASH
R E C O M M E N D AT I O N S

RELIANCE CAPITAL LTD


CASH CALL RELCAPITAL ABOVE 585 TGT 645/710 SL 510

o ROUNDING BOTTOM IN DAILY CHART


o HAMMER IN MONTHLY CHART WHICH IS A REVERSAL PATTERN
o REVERSAL FROM SUPPORT OF LOWER TRENDLINE
o WEEKLY RSI ALSO SHOWING A GOOD REVERSAL
o CUP WITH HANDLE IN DAILY CHART

CASH CALL RELCAPITAL ABOVE 585 TGT 645/710 SL 510

Cash RECOMMENDATIONS

STOCK MARKET 26
MONEY CLASSIC RESEARCH FUTURES
R E C O M M E N D AT I O N S

PTC
FUTURE CALL BUY PTC FUTURE ABOVE 125 TGT 128/131 SL 121

PTC India Financial Services Ltd was incorporated on PTC INDIA LTD - KEY FUNDAMENTALS

September 8, 2006 as a public limited company. It is an Indian


non-banking financial institution that is promoted by PTC PARAMETER VALUES
India Ltd. Among the few financial institutions in India MARKET CAP ( CR) 3,699
providing both equity and debt financing, it is one of them. It EPS - TTM ( ) [*S] 10.13
includes short-term and long-term debt, as well as structured
P/E RATIO (X) [*S] 12.33
debt financing. The company is providing an integrated suite
FACE VALUE ( ) 10
of services including provision financing to, and make
investments in, private sector Indian companies in the power LATEST DIVIDEND (%) 30.00

sector, including for power generation, equipment supply and LATEST DIVIDEND DATE 13 SEP 2017
fuel source projects. DIVIDEND YIELD (%) 2.42

Company is known to offer bridge financing to promoters of BOOK VALUE / SHARE ( ) [*S] 103.88
power projects. It offers various fee-based services including P/B RATIO ( ) [*S] 1.20
facility agent and security agent services, as well as advisory
services such as techno-economic feasibility studies for [*C] Consolidated [*S] Standalone
power projects in India.

PTC INDIA LTD - FINANCIAL RESULTS PTC INDIA LTD - SHAREHOLDING PATTERN

PARTICULARS ( CR) JUN 2017 JUN 2016 % CHG CATEGORY SHARE (%)

NET SALES 4401.77 3644.33 20.78 PROMOTERS 16.22

OTHER INCOME 42.85 39.72 7.88 BANKS/FIS 1.53


FIIS 34.37
TOTAL INCOME 4444.62 3684.05 20.64
INSURANCE 11.87
TOTAL EXPENSES 4313 3570.95 20.78
MUTUAL FUNDS 12.20
OPERATING PROFIT 131.62 113.1 16.37
INDIAN PUBLIC 15.24
NET PROFIT 65.35 56.45 15.77 CUSTODIANS 0.00
EQUITY CAPITAL 296.01 296.01 - OTHER 8.58

PTC INDIA LTD - RETURNS

PERIOD BSE NSE SENSEX NIFTY


1 WEEK 4.78% 5.21% 2.34% 1.76%
1 MONTH 1.67% 1.91% 6.34% 5.87%
3 MONTH 9.37% 9.39% 2.96% 3.49%
6 MONTH 31.39% 31.37% 11.19% 11.39%
1 YEAR 67.94% 68.85% 19.10% 20.15%
3 YEAR 40.24% 41.71% 21.65% 26.86%

STOCK MARKET 27
MONEY CLASSIC RESEARCH FUTURES
R E C O M M E N D AT I O N S

PTC
FUTURE CALL BUY PTC FUTURE ABOVE 125 TGT 128/131 SL 121

o RSI SHOWING REVERSAL


o STOCHASTIC SHOWING REVERSAL
o BREKOUT OF CHANNEL LINE ON DAILY CHART
o PSAR BREKOUT ON DAILY CHART
o BREKOUT OF UPPER BAND OF BOLLINGERBAND

FUTURE CALL BUY PTC FUTURE ABOVE 125 TGT 128/131 SL 121

ESCORTS
FUTURE CALL BUY ESCORTS FUTURE ABOVE 745 TGT 770/795 SL 718

Escorts Ltd is pioneer in manufacturing and exporting Agri ESCORTS LTD - KEY FUNDAMENTALS
Machineries. It leads the way in manufacturing tractors &
Tractor Parts, Diesel Engines, Gears, Shafts, Gear Boxes, PARAMETER VALUES
Engine Blocks, Crankshafts, Cylinder Heads, Connecting Rods MARKET CAP ( CR) 9,466
and Spindles. The company also manufactures and exports
EPS - TTM ( ) [*S] 13.78
brakes, couplers, shock absorbers, rail fastening systems,
P/E RATIO (X) [*S] 56.04
composite brake blocks and vulcanized rubber parts. It is
FACE VALUE ( ) 10
known to operate in the ITES and financial services sectors
through their subsidiaries. It was incorporated in the year LATEST DIVIDEND (%) 15.00
1944 as Escorts Agents Ltd in Lahore. Later in the year 1951, LATEST DIVIDEND DATE 07 SEP 2017
the company established India's first private Institute of Farm DIVIDEND YIELD (%) 0.20
Mechanisation at Delhi and in the year 1953, Escorts (Agents)
BOOK VALUE / SHARE ( ) [*S] 162.44
Ltd and Escorts (Agriculture and Machines) Ltd were merged
P/B RATIO ( ) [*S] 4.75
to form Escorts Agents Pvt Ltd. In December 1959 the
company was converted into a public limited company. Its [*C] Consolidated [*S] Standalone

name was changed to Escorts Ltd in January 1960.

STOCK MARKET 28
MONEY CLASSIC RESEARCH FUTURE
R E C O M M E N D AT I O N S

ESCORTS LTD

ESCORTS LTD - FINANCIAL RESULTS ESCORTS LTD - SHAREHOLDING PATTERN

PARTICULARS ( CR) JUN 2017 JUN 2016 % CHG CATEGORY SHARE (%)

NET SALES 1142.3 1031.35 10.76 PROMOTERS 42.98

OTHER INCOME 20.5 10.2 100.98 BANKS/FIS 0.22


FIIS 15.30
TOTAL INCOME 1162.8 1041.55 11.64
INSURANCE 0.08
TOTAL EXPENSES 1044.76 950.88 9.87
MUTUAL FUNDS 5.49
OPERATING PROFIT 118.04 90.67 30.19
INDIAN PUBLIC 32.37
NET PROFIT 62.64 46.96 33.39 CUSTODIANS 0.00
EQUITY CAPITAL 122.58 122.58 - OTHER 3.56

ESCORTS LTD - RETURNS

PERIOD BSE NSE SENSEX NIFTY


1 WEEK 6.66% 6.60% 2.34% 1.76%
1 MONTH 17.06% 17.11% 6.34% 5.87%
3 MONTH 15.41% 15.45% 2.96% 3.49%
6 MONTH 41.28% 41.10% 11.19% 11.39%
1 YEAR 105.33% 105.59% 19.10% 20.15%
3 YEAR 352.00% 352.28% 21.65% 26.86%

FUTURE CALL BUY ESCORTS FUTURE ABOVE 745 TGT 770/795 SL 718

o RSI SHOWING REVERSAL


o STOCHASTIC SHOWING REVERSAL
o TAKING SUPPOET OF 720 ON DAILY CHART
o PSAR BREKOUT ON DAILY CHART
o TRADING ABOVE MIDDLE BAND OF BOLLINGERBAND

FUTURE CALL BUY ESCORTS FUTURE ABOVE 745 TGT 770/795 SL 718

STOCK MARKET 29
MONEY CLASSIC RESEARCH FUTURE
R E C O M M E N D AT I O N S

APOLLOTYRE
FUTURE CALL BUY APOLLOTYRE FUTURE ABOVE 245 TGT 253/261 SL 236

Apollo Tyre was incorporated on September 28, 1972. APOLLO TYRES LTD - KEY FUNDAMENTALS
Being the leading tyre manufacturing company in India,
Apollo Tyres Ltd is engaged in manufacturing automobile PARAMETER VALUES
tyres and tubes. The company has their manufacturing MARKET CAP ( CR) 14,128
facilities at Trichur in Kerala and Vadodara in Gujarat. The
EPS - TTM ( ) [*S] 11.06
company is also known for being the first Indian tyre
P/E RATIO (X) [*S] 22.33
company to launch exclusive branded outlets for truck
FACE VALUE ( ) 1
tyres and also the first Indian company to introduce radial
tyres for the farm category.Company started their LATEST DIVIDEND (%) 300.00

production in the year 1977 at Perambra in Kerala. Later on, LATEST DIVIDEND DATE 27 JUN 2017
in the year 1991, the company commissioned their second DIVIDEND YIELD (%) 1.10
plant at Limda in Gujarat. They acquired Premier Tyres at
BOOK VALUE / SHARE ( ) [*S] 119.36
Kalamassery in Kerala in the year 1995. The company has
P/B RATIO ( ) [*S] 2.07
established exclusive radial capacity in Limda in the year
1996, and exclusive tubes plant commissioned in [*C] Consolidated [*S] Standalone

Ranjangoan in Maharashtra in the year 2000.

APOLLO TYRES LTD - FINANCIAL RESULTS APOLLO TYRES LTD - SHAREHOLDING PATTERN

PARTICULARS ( CR) JUN 2017 JUN 2016 % CHG CATEGORY SHARE (%)

NET SALES 3282.46 3311.65 -0.88 PROMOTERS 39.29

BANKS/FIS 1.69
OTHER INCOME 8.76 27.8 -68.49
FIIS 28.11
TOTAL INCOME 3291.22 3339.44 -1.44
INSURANCE 0.00
TOTAL EXPENSES 3009.21 2772.85 8.52
MUTUAL FUNDS 14.43
OPERATING PROFIT 282.01 566.6 -50.23 7.06
INDIAN PUBLIC
NET PROFIT 88.3 315.54 -72.02 CUSTODIANS 0.00
EQUITY CAPITAL 50.9 50.9 - OTHER 7.68

APOLLO TYRES LTD - RETURNS

PERIOD BSE NSE SENSEX NIFTY


1 WEEK 2.92% 2.98% 2.34% 1.76%
1 MONTH 0.82% 0.47% 6.34% 5.87%
3 MONTH -6.08% -6.19% 2.96% 3.49%
6 MONTH 1.17% 1.19% 11.19% 11.39%
1 YEAR 22.65% 22.68% 19.10% 20.15%
3 YEAR 14.38% 14.25% 21.65% 26.86%

STOCK MARKET 30
MONEY CLASSIC RESEARCH FUTURES
R E C O M M E N D AT I O N S

APOLLOTYRE
FUTURE CALL BUY APOLLOTYRE FUTURE ABOVE 245 TGT 253/261 SL 236

o RSI SHOWING REVERSAL


o STOCHASTIC SHOWING REVERSAL
o BREKOUT OF CHANNEL LINE ON DAILY CHART
o PSAR BREKOUT ON DAILY CHART
o BREKOUT OF UPPER BAND OF BOLLINGERBAND

FUTURE CALL BUY APOLLOTYRE FUTURE ABOVE 245 TGT 253/261 SL 236

TATA GLOBAL BEVERAGES LTD


FUTURE CALL BUY TATAGLOBAL FUTURE ABOVE 223 TGT 226.50/230 SL 219

Tata Global Beverages Ltd is engaged in processing marketing TATA GLOBAL BEVERAGES LTD - KEY FUNDAMENTALS
and distribution of tea products. It is the second-largest tea
company in the world that is known for operating in over 40 PARAMETER VALUES
countries. The company operates in the United Kingdom and MARKET CAP ( CR) 14,260
have significant businesses in the United States Canada
EPS - TTM ( ) [*S] 5.42
Australia Poland and the Czech Republic as well as a number
P/E RATIO (X) [*S] 41.69
of joint ventures in South Africa Pakistan and Bangladesh. The
products of the company include bulk tea instant tea packet FACE VALUE ( ) 1

tea coffee and strawberry preserves. It mainly operates in LATEST DIVIDEND (%) 235.00
three segments: tea which involves cultivation and LATEST DIVIDEND DATE 04 AUG 2017
manufacture of black tea and instant tea buying/blending DIVIDEND YIELD (%) 1.06
and sale in bulk or value-added form; coffee and other
BOOK VALUE / SHARE ( ) [*S] 59.62
produce involves in growing of coffee pepper and other
P/B RATIO ( ) [*S] 3.79
plantation crops and conversion of coffee into value-added
products such as roast and ground coffee and instant coffee [*C] Consolidated [*S] Standalone

and others engaged in the sale of natural mineral water other


minor crops curing operations of coffee and trading of items
required for coffee plantations.
STOCK MARKET 31
MONEY CLASSIC RESEARCH FUTURES
R E C O M M E N D AT I O N S

TATA GLOBAL BEVERAGES LTD

TATA GLOBAL BEVERAGES LTD - FINANCIAL RESULTS TATA GLOBAL BEVERAGES LTD - SHAREHOLDING PATTERN

PARTICULARS ( CR) JUN 2017 JUN 2016 % CHG CATEGORY SHARE (%)

NET SALES 1704.42 1735.46 -1.79 PROMOTERS 34.45

OTHER INCOME 19.45 21.04 -7.56 BANKS/FIS 7.73


FIIS 15.02
TOTAL INCOME 1723.87 1756.5 -1.86
INSURANCE 0.10
TOTAL EXPENSES 1460.25 1498.71 -2.57
MUTUAL FUNDS 10.36
OPERATING PROFIT 263.62 257.79 2.26
INDIAN PUBLIC 23.80
NET PROFIT 142.97 126.29 13.21 CUSTODIANS 3.24
EQUITY CAPITAL 63.11 63.11 - OTHER 5.26

TATA GLOBAL BEVERAGES LTD - RETURNS

PERIOD BSE NSE SENSEX NIFTY


1 WEEK 11.31% 11.67% 2.34% 1.76%
1 MONTH 9.87% 10.20% 6.34% 5.87%
3 MONTH 33.82% 34.08% 2.96% 3.49%
6 MONTH 47.68% 48.14% 11.19% 11.39%
1 YEAR 62.20% 62.70% 19.10% 20.15%
3 YEAR 43.46% 44.05% 21.65% 26.86%

FUTURE CALL BUY TATAGLOBAL FUTURE ABOVE 223 TGT 226.50/230 SL 219

o RSI SHOWING BUYING


o STOCHASTIC SHOWING BUYING
o BREKOUT OF CHANNEL LINE ON DAILY CHART
o PSAR BREKOUT ON DAILY CHART
o TRADING ABOVE ICHIMOKU CLOUD

FUTURE CALL BUY TATAGLOBAL FUTURE ABOVE 223 TGT 226.50/230 SL 219

STOCK MARKET 32
MONEY CLASSIC RESEARCH FUTURES
R E C O M M E N D AT I O N S

SBIN
FUTURE CALL SELL SBIN FUTURE BELOW 310 TGT 305/300 SL 316

By providing banking services to the customers, State Bank STATE BANK OF INDIA - KEY FUNDAMENTALS

of India has become the largest state-owned banking and


financial services company in India. The bank also provides PARAMETER VALUES
a range of financial services that include life insurance MARKET CAP ( CR) 269,408
merchant banking, mutual funds, credit card factoring,
EPS - TTM ( ) [*S] 9.52
security trading, pension fund management and primary
P/E RATIO (X) [*S] 32.78
dealership in the money market. It is known to operate in
four business segments namely Treasury Corporate/ FACE VALUE ( ) 1

Wholesale Banking Retail Banking and Other Banking LATEST DIVIDEND (%) 260.00
Business. The bank offers a range of banking products LATEST DIVIDEND DATE 26 MAY 2017
through their vast network of branches in India and DIVIDEND YIELD (%) 0.79
overseas including products aimed at NRIs. The
BOOK VALUE / SHARE ( ) [*S] 228.73
Government of India nationalized the Imperial Bank of
P/B RATIO ( ) [*S] 1.36
India in the year 1955 with the Reserve Bank of India taking
a 60% stake and name was changed to State Bank of India. [*C] Consolidated [*S] Standalone

STATE BANK OF INDIA- FINANCIAL RESULTS STATE BANK OF INDIA- SHAREHOLDING PATTERN

PARTICULARS ( CR) JUN 2017 JUN 2016 % CHG CATEGORY SHARE (%)

NET SALES 56818.52 55915.09 1.62 PROMOTERS 57.07

OTHER INCOME 13958.04 13499.73 3.39 BANKS/FIS 0.16

FIIS 10.70
TOTAL INCOME 70776.56 69414.82 1.96
INSURANCE 11.72
TOTAL EXPENSES 28915.21 31629.36 -8.58
MUTUAL FUNDS 9.97
OPERATING PROFIT 41861.35 37785.46 10.79 6.02
INDIAN PUBLIC
NET PROFIT 3105.35 867.32 258.04 CUSTODIANS 1.53

EQUITY CAPITAL 863.21 776.28 - OTHER 2.64

STATE BANK OF INDIA- RETURNS

PERIOD BSE NSE SENSEX NIFTY


1 WEEK 27.00% 26.86% 2.34% 1.76%
1 MONTH 23.00% 22.91% 6.34% 5.87%
3 MONTH 4.31% 4.31% 2.96% 3.49%
6 MONTH 7.83% 7.68% 11.19% 11.39%
1 YEAR 21.04% 21.12% 19.10% 20.15%
3 YEAR 18.30% 18.27% 21.65% 26.86%

STOCK MARKET 33
MONEY CLASSIC RESEARCH FUTURES
R E C O M M E N D AT I O N S

STATE BANK OF INDIA


FUTURE CALL SELL SBIN FUTURE BELOW 310 TGT 305/300 SL 316

o RSI SHOWING DOWNTREND


o STOCHASTIC SHOWING DOWNTREND
o BREAKOUT OF HEAD & SHOULDER PATTERN ON 30MIN CHART
o REVERSAL ON DAILY CHART
o PSAR TAKING RESISTANCE ON WEEKLY CHART

FUTURE CALL SELL TITAN AROUND 635-630 TGT 615/600 SL 650

Futures RECOMMENDATIONS

STOCK MARKET 34
MONEY CLASSIC RESEARCH

Commodity
R E C O M M E N D AT I O N S

GOLD
BULLIONS CALL SELL GOLD BELOW 29250 TGT 28950 SL 29500
WEEKLY COMEX

Banks might restart consignment


import of gold next week
On consignment basis, by following the government's
decision to allow banks to pay the GST of 3 per cent at
the me of sale instead of import, banks are ready to
start again import of gold. This will help the banks in
giving spot delivery of gold when demand rises. WEEKLY INDIAN
Earlier it was in prac ce, but a er the GST regime was
rolled out on 1 July, consignment import almost
stopped. According to the experts, it is expected that
the Import will resume from next week as there is
clarity on GST calcula on. The volume of import will
depend on the demand. Import of Gold surged by 31
per cent from a year ago to 48 tonnes as the industry
an cipated higher demand during the fes val season The gold is taking support breakout on daily chart at
leading up to Dhanteras and Diwali. As per traders, the level of 29350 with comex gold weekly support
PSAR breakout also helping for making gold into
most of the imports since the GST is applied
sell direc on. The daily volume of gold again
happened in the form of gold on loan to jewellers. It indica on for selling side & the daily PSAR indicator
was no ced that diering from industry expecta ons, & daily RSI also suppor ng given levels.
the sale of gold and jewellery during the Dhanteras-
Diwali period fell 30 per cent from a year ago.

STOCK MARKET 35
MONEY CLASSIC RESEARCH

CRUDE OIL
ENERGY CALL BUY CRUDE OIL ABOVE 3450 TGT 3510 TGT 3390
WEEKLY COMEX

Crude Oil Prices on Track for


Deal Extension

According to the industry experts, Crude was on track for


weekly gains of 2% on the back of support for an extension
of the produc on curb. The oil prices were clawing back WEEKLY INDIAN

from prior losses and breached posi ve territory. It was


noted that the U.S. West Texas Intermediate crude
December contract gained 30 cents, or 0.57%, to $52.94 a
barrel. Crude oil rose by almost 1% when Saudi Arabian
Crown Prince Mohammed bin Salman indicated that the
top oil exporter needed to extend produc on cuts in order
to stabilize markets, sugges ng agreement for another
nine month extension. Brent oil rose 10 cents, or 0.17%, to The crude has given daily, weekly, monthly
$59.40 a barrel. Oil prices have moved higher this week on resistance breakout 3437 with suppor ng trade line
which breakout has seen in last trading session
specula on that the Organiza on of the Petroleum
along with some indicators like PSAR & RSI have
Expor ng Countries will agree to extend a deal to cut levels shown buying with heavy volume of buyers. The
of produc on in order to rebalance the market. crude is running all me high in this month with
suppor ng news get pushed up.

STOCK MARKET 36
Basics of Algorithm

Trading Strategy
that is dashing in Stock Market
An algorithm is a specic set of dened instruc ons aimed to carry out a task or process. Algorithmic trading
u lizes mathema cal models for making transac on decisions in the nancial markets. The op mal me for
an order to be placed that will cause minimum loss incurred in trading. This is also called black box trading.
The experts and technical analysts keep these trading strategies on ps. It is always prudent to take help of
technical analyst, if trader has lack of knowledge and understanding. Algorithmic Trading is the process of
using computers programmed to follow a described set of orders for placing a trade in order to generate
prots at a pace and rate that is unfeasible for a human trader. The dened sets of rules are based on ming,
price, quan ty or any mathema cal model. Therefore, it gives prot opportuni es to the trader. Algo-
trading makes trading more systema c by ruling out emo onal human impacts on trading ac vi es.

STOCK MARKET 37
Advantages of Algorithmic Trading
Short term traders and sell side par cipants benet
from automated trade execu on. Addi onally, algo-
Following are some of the advantages of using Algo-trading
trading helps in crea ng adequate liquidity for sellers in
strategy: the market.
Instant and accurate trade order placement Mid to long term investors or buy side rms, who
purchase in stocks in large quan es but do not want to
One can execute the trades at the best possible prices inuence stocks prices with discrete, large-volume
investments.
Reduced transac on costs

Trades med correctly and instantly, to avoid signicant


In order to program the trading rules and let the
program trade automa cally, systema c traders nd it
price changes much more ecient.
Reduced possibility of mistakes by human traders based There are a lot of proven mathema cal models, like the
on emo onal and psychological factors delta-neutral trading strategy that allow trading on
combina on of op ons and its underlying security. Here
Reduced risk of manual errors in placing the trades the trades are placed to oset posi ve and nega ve deltas
so that the por olio delta is maintained at zero. There is
Synchronized automated checks on mul ple market
another type of Algo-trading strategy that is known as
condi ons
Mean reversion strategy, which is based on the idea that
the high and low prices of an asset are a temporary
Based on available historical and real me data, Backtest
phenomenon, which reverts to their mean value a er
the algorithm,
certain period. Implemen ng algorithm based on that
allows trades to be placed automa cally when price of
Algo-trading is implemented in many forms of trading and
asset breaks in and out of its dened range.
investment ac vi es, following are some of them:

STOCK MARKET 38
8
W
Anti Black

November
Money

e cannot forget the date 8 November as last


Year on this day, Prime Minister Narendra
Modi took a huge step and announced that
currency notes of Rs 500 and Rs 1,000 would no longer be
Day
be Celebrated by BJP-led NDA government on

considered legal tender. Many people understood the good


inten on of the government, while some opposed this move.
The government considered demone sa on as a move to step
out of corrup on and black money that would lead India into a
digital economy. However, the roll-out of the ambi ous project
encountered several problems with banks and ATMs as they
were running out of cash, and people were dying in queues
and a slow remone sa on process.The Finance minister Arun
Jaitley has announced that the BJP-led NDA government will
be celebra ng 'An -Black Money Day' on this epic date of
November 8 this year as this will be the rst anniversary of the
Centre banning high value notes in the country. The
announcement comes in the midst of most opposi on par es
asser ng that they will observe November 8 as 'Black Day' and
hold protests across the country to highlight the ill-eects of
demone sa on on the economy.
STOCK MARKET 39
In the Parliament House, a coordina on commi ee of Jaitley charged that Congress had reconciled to India living
opposi on par es had met, where Leader of Opposi on in with a shadow economy. It is understandable this would
the Rajya Sabha Ghulam Nabi Azad was authorized to talk to never be on poli cal agenda of Congress leadership. Poli cal
other par es and nalise the protest plan on November 8. leaders cu ng across party lines are on board with the plan
Azad said that this par cular announcement made on to corner the Modi government on its implementa on of
November 8 is the scam of the century, which is why we are demone sa on. The TMC chief Mamata Banerjee, who is a
observing this as Black Day. loud opponent of the note ban, said her party will observe
the rst anniversary of demone sa on as "Kalo Dibas" or
Jaitley alleged that the party had never taken concrete
black day.
measures against black money in the Indian economy by
lashing out at the Congress for spearheading the plan to
observe the anniversary of demone sa on as black day. He
also went on saying on this ma er that Congress had
adequate opportunity to be in power, and I cannot recollect a
single signicant step that they ever took against black
money. He also alleged Congress by claiming that Congress
leaders had always been a proponent of cash-based
economy as a less cash economy would have undercut their
self-interests.

STOCK MARKET 40
The Landslide
Election
Victory of Shinzo Abe in
Recently, Shinzo Abey
has won the elec on
with majority. It is said
the Minister won more
than two-thirds of
Parliament's 465 seats,
which proved that the
decision by Japanese
Prime Minister Shinzo
Abe to call a snap
elec on appears to have
paid o. The Liberal
Democra c Party holds a
majority without its
alliance partner, the
Komeito party.

A er the results of elec on, Abe stated that he won with majority as his party was able to earn the powerful
support of the Japanese people by going beyond their goal well. This extraordinary win puts him on course
to be post-war Japan's longest-ever serving prime minister. Now, it is expected that Abe will use his new
mandate to push for overhauls to the country's defense strategy and an war a tude.

The Prime Minister Shinzo Abe also stated that he will be execu ng his priority task by dealing with North Korea. He went on saying
that this will require tough diplomacy, but he will soon deal with it as the mandate is being given by the people. Hence, he would like
to exercise his command in diplomacy.Post the landslide victory of Abe, the US President, Donald Trump called him to congratulate
for his immense win. The reliable sources have informed that during the call, both the leaders also discussed of being united on the
need to increase pressure on North Korea. Ahead of Elec on Day, Japanese Prime Minister Shinzo Abe delivered a speech in Tokyo.

STOCK MARKET 41
Abe said that his government will be carrying out
the consump on tax hike to 10 percent as planned
unless Japan experiences an event similar in scale
to the economic and nancial crisis that followed
the collapse of U.S. investment bank Lehman
Brothers in 2008. At present the consump on tax
is 8 percent.

Abe set a deadline of 2020 to revise Japan's


cons tu on, which contains language that bans
the country from maintaining armed forces. This is
however a controversial proposal that strikes at
the heart of the country's post-war iden ty. Abe
was the part of 2017 Japan's elec on, and won
two third of the total seats that will help him in
accomplishing his goal of amending the
cons tu on.

When the exit poll took place, it was forecasted that Abe will
hold a decisive win. It was es mated that his conserva ve Liberal
Democra c Party would take 253 to 300 of Parliament's 465
seats. On the other hand, the Komeito party would take 27 to 36
seats as per thye predic on of exit poll. A er watching the exit
poll results, Abe stated in an interview that the voters have
chosen their party with majority. This is the voice of the Japanese
people, telling him to push their policies forward and come out
with results.

STOCK MARKET 42
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