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Only Financial Weekly Published in English & Gujarati Page
71
GAMC No. :1703/2015-17. Issued by SSP Ahd. Valid up to 31-12-2017

VOL : 10 • Issue No: 5 RNI No : GUJENG / 2008 / 24320 18th March to 24th March 2018
FII Activity (Rs. in Cr.)

Date Buy Value Sell Value Net Value
19-03-18 4288.03 3995.8 292.23
20-03-18 4976.33 4632.17 344.16
21-03-18 5514.9 5416.46 98.44
22-03-18 5224.75 5063.64 161.11
23-03-18 7245.51 5617.32 1628.19
Total 27249.52 24725.39 2524.13
DII Activity (Rs. in Cr.)
19-03-18 3966.58 4158.1 -191.52
20-03-18 3573.71 2842.54 731.17
21-03-18 3692.23 3494.45 197.78
22-03-18 3692.36 3282.47 409.89
23-03-18 4202.8 5138.21 -935.41
Total 19127.68 18915.77 211.91
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Financial Weekly
SMART 25th March to 31st March 2018 5

INVESTMENT
Rapid Fire Stocks

- Kalpna J (Email- Kjtech79@gmail.com) (Ring : 97690 37711) Twitter : @Kj_TechTrades
Titan Company (Short Term Investment Mantra)

Buy at CMP 895 - for the Targets of 955 to 1090,
Time Frame - 5 Months to 12 Months , SL - 805
TRIGGERS :
1) Jewellery demand, margins to boost profit - YOY Profits Expected with 60% Jump
2) Inclusion of Titan in the Nifty 50 index and Only Company with Strong Fundamentals in
Jewellery Sector
3) The company expects the jewellery business to end FY18 with a growth of 25 per cent,
which clocked 36 per cent year-on-year growth in the September quarter (Q2)
4) Strong Beneficiary of latest events happening in this sector
5) Technically Multiple Breakouts and Trading Near Its 52 Week's High and Ready to Hit a
Levels
6) The company has mentioned that FY17 was an exceptional year, and It expects good
sales as well as margin performance (led by gross margin expansion and cost control) in
Q4 . TITAN is targeting high-teens revenue growth for FY18.
7) The watches business also benefited from a regulatory change during the period, with the
government lowering the goods and service tax (GST) rate on the category to 18% from
28%. The government also reduced the GST rate on sunglasses to 12% from 18% during
the quarter
8) Titan has 60-65% market share in wrist watch segment
Titan Company Ltd had reported a whopping 67% rise in net profit to Rs 277.93 crore for the
quarter ended September 30, 2017 against Rs 165.98 crore in the corresponding quarter last year.
Jewellery segment, which contributed to nearly 80% of total revenue, has registered a solid 37%
growth at Rs 2,748.20 crore on year-on-year basis, with its EBIT (earnings before interest and tax)
growing 66.4% YoY
P.T.O.
Financial Weekly

INVESTMENT
The World of Titan is the exclusive chain of Titan stores. With over 438 stores and presence in
over 120 cities, the World of Titan is India's largest watch retailer. The world of Titan stores offer
customers the finest and largest range of Titan watches under the same roof. Because when you
own a Titan, you don't buy a watch; you live an experience. From creating the slimmest watch in
the world to providing customized retail solutions, our commitment to you is absolute and com-
plete. The World of Titan has an offering for everyone - across different styles ages, price points
and brands. The wide range of watches, delightful store ambience and unmatched service ensure
customer satisfaction. In keeping with the rapidly evolving trends in retail, Titan also proudly pre-
sents flagship experiences in Mumbai and Delhi.
Titan Company is a manufacturing company that produces India's largest and best-known range
of personal accessories — watches, jewellery, sunglasses and prescription eyewear. Precision
engineering is another area of specialisation that Titan Company excels in. The company was
established in 1984 as a joint venture between Tata and the Tamil Nadu Industrial Development
Corporation.
P.T.O.
Financial Weekly

INVESTMENT
The company brought about a paradigm shift in the Indian watch market, offering quartz technol-
ogy with international styling, manufactured in a state-of-the-art factory at Hosur, Tamil Nadu. In
1995, the company diversified into jewellery under the brand Tanishq to capitalise on a fragmented
market operating with no brands in urban cities. In 2005, the company launched its second jewellery
brand, Gold Plus, to capitalise on opportunities in small towns and rural India. The company has
also made its foray into eyewear, launching Fastrack eyewear and sunglasses, as well as pre-
scription eyewear.
Areas of business
Titan's main products are:
Watches: The four main watch brands include Titan for the mid-premium segment, Fastrack
focused on the youth and trendy fashion space, Sonata for the mass market and Xylys for the
premium market. The Titan brand architecture comprises several sub-brands, each of which is a
market leader in own space. Notable among them are Titan Edge, Titan Raga, Nebula and other
collections such as Zoop, Orion, Purple, Obaku, Automatic, Tycoon, Bandhan, Octane and the
HTSE series.
The company manufactures over 15 million watches per annum and has a customer base of
over 100 million. Today, the Titan portfolio has over 60 percent of the domestic market share in the
organised watch market. Watches are sold through exclusive ‘World of Titan' showrooms and at
12,000 multi-brand outlets in more than 2,500 cities in India and internationally in over 32 coun-
tries, primarily in the Middle-East, Asia Pacific and Africa. Its after-sales-service is itself a
benchmarked operation with modern service centres offering some of the fastest turnaround times
in the world. The company has a world-class design studio for designing watches and accesso-
ries.
Helios, India's multi-brand watch retailer, offers an unmatched range of the latest designs across
30 international brands in addition to Titan brands.
Jewellery: Tanishq offers a premium range of gold jewellery studded with diamonds and pre-
cious, semi-precious stones in various hues in 18KT and a wide range of plain gold jewellery in
22KT pure gold. Platinum jewellery also forms part of the product range. Gold Plus retails plain
gold jewellery offerings with designs specifically created for the semi urban and rural Indian mar-
ket and offers unique designs crafted with diamonds, American diamonds and other precious stones.
Zoya offers premium studded jewellery catering to the needs of the elite. The jewellery division
has its own design studio.
Eye wear: Titan Eye+ offers a variety of differentiated products to the end consumer consisting
of frames, lenses, contact lenses and accessories. Frames are available in both international brands
(Levis, Esprit, Hugo Boss, etc) and in-house brands — Titan Eye+ and Dash. Customers are of-
fered a unique browse-select-buy format where all products are accessible, using world-class equip-
ment for zero-error eye testing by qualified optometrists trained at Sankara Netralaya and style
consultants to help buyers make the right choice of frames and lenses.
Precision engineering: The division’s products span precision engineering components and
sub-assemblies, machine building and automation solutions, tooling solutions and electronic sub-
assemblies. The division is ISO 9001:2000 and ISO 14001:2004 certified. Additionally, the unit
catering to the aerospace segment is AS 9100B certified and the unit catering to automotive seg-
ment is TS 16949 certified. The unit has recently been selected for the National Aerospace and
Defence Contractors’ Accreditation Programme for its non-destructive testing capabilities.
Location :- Headquartered in Bengaluru, India, the company has manufacturing and assembly
operations at Hosur, Dehradun, Roorkee, Pantnagar and Chikkaballapur, and an electronics com-
ponent manufacturing plant in Goa.
P.T.O.
Financial Weekly

INVESTMENT
Oil and Natural Gas Corporation Limited

Buy at CMP 177 - for the Targets of 215 to 245 ,
Time Frame - 5 Months to 36 Months, SL - 159
Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company
(having a market cap of Rs 229329.91 Crore) operating in Petroleum sector.
For the quarter ended 31-12-2017, the company has reported a Standalone sales of Rs 22995.88
Crore, up 21.26 % from last quarter Sales of Rs 18964.85 Crore and up 15.36 % from last year
same quarter Sales of Rs 19933.78 Crore Company has reported net profit after tax of Rs 5014.67
Crore in latest quarter.
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
Ashok Ley. 500477 142.00 KEC Int. 532714 384.00
Gabriel 505714 137.00 EMAMI 531162 1056.00
Kriti Ind. 526423 50.00 Sun Pharma 524715 501.00
EIH 500840 158.00 Voltas 500575 602.00
Bliss GVS 506197 197.00 Balkrishna In. 502355 1062.00
Green Ply. 526797 323.00 Marico 531642 325.00
Engineers (I) 532178 150.00 Shriram Pist. NSE 1481.00
Rain Ind. 500339 373.00 Gail India 532155 438.00
NRB Bearing 535458 21.00 Cummins (I) 500480 732.00
Sunteck Rea. 512179 401.00 Va-Tech Wab. 533269 489.00
Everest Ind. 508906 463.00 Whrilpool 500238 1484.00
Titan 500114 894.00 Tech Mah. 532755 623.00
Poly Plex 524051 469.00 Shriram Tr. 511218 1390.00
Financial Weekly

INVESTMENT
Bombay Super Hybrid Seeds Limited

Asia’s No.1 Seed Processing Unit
Corporate Feature
Bombay Super Hybrid Seeds Limited is Leading Seeds manufacturing company. It is an

ISO 9001:2008 certified Company. It mainly deals into Groundnut Seeds, Onion Seeds, Wheat
Seed, and all types of vegetable seeds are included. It is spread in the large area of 1,50,000
sq. feet on National Highway 8-B. The company is holding the most vivid infrastructure pan
Asia region.
Bombay Super Hybrid Seeds Limited possesses Sales Licenses of Leading States of
India, including Rajasthan, Gujarat, Delhi, Maharashtra, Karnataka, etc. in this way, under
the brand-name of 'BOMBAY SUPER SEEDS', business is carried out in domestic markets
and Foreign Countries as well. Along with this, the company's product portfolio includes
more than 120 products, which makes Bombay Super Hybrid Seeds Limited, 'The Company
with Largest Products Portfolio pan Gujarat.'
The company is spread in around 25 acres of land which is very close to National high-
way-8. The infrastructure includes the 'Seeds Processing Unit', 'Company's own Cold Stor-
age with the Storage Capacity of 5000 M.T.' and 'High Tech Registered Office of the Com-
pany'. In upcoming years, Bombay Super Hybrid Seeds Limited will be well known as the
India's No.1 Seeds Company - says Managing Director Mr. Pintubhai Patel. Along with this,
P.T.O.
Financial Weekly

INVESTMENT
the vision of company states that

want to make all the technology across
the world for seeds and agriculture
sector, available within India and give
the benefit of this technology to as more
farmers as possible.
possesses R&D coloration with re-
nowned Institutions for ensured best
R&D, these institutions includes
'ICRISAT - Hyderabad', 'ICAR - New
Delhi', 'CIIMYT - Mexico', 'INAU -
Coimbatore', 'IIHR - Bangalore', 'JNKVV
- Jabalpur' along with this, in this re-
gards, the company has also made Tie-
Company's product portfolio
Ups with (International) foreign compa-
includes more than 120 products,
nies including the countries like Thai- which is the largest in Gujarat
land, Italy, China and South Korea. With
support of all this collaborations, company is developing new products and technology to
become one of the leading companies of Seeds & Agriculture sector of the country.
The company was incorporated in the year of 1983, n the name of M/S 'Patel Jadavjibhai
Devrajbhai' as a local partnership firm, which was initially associated with local market of
Hybrid Seeds. After this, by making necessary changes in the base, being capable to in-
crease the business, the company was registered as Bombay Super Hybrid Seeds Pvt. Ltd.
And after that, seeing the drastic growth of the company along with its powerful business
network pan India and strong product portfolio including more than 120 products in its range,
in 2017, the company was registered as 'BOMBAY SUPER HYBRID SEEDS LIMITED'.
Bombay Super Hybrid Seeds Limited is likely to enter into the capital market in Second
week of April-2018. It has already got approval from SEBI recently. The company has got so
many proud recognition in the journey of success. It was felicited as The Fastest Growing
Seeds Company by honourable Chief Miniter of Gujarat Mr. Vijay Rupani. AIEBDA-New
Delhi also felicited the company with Udyog Ratna, one of the prestigious recognition. ***
****
Financial Weekly

INVESTMENT
SMART
BUY OF THE WEEK
Dark Horse
MANGALORE CHEMICALS & FERTILIZERS

(530011 & NSE) (62) (Face Value Rs.10)
Incorporated in 1966 by UB group and now part of Zuari group, Bengalure based Mangalore
Chemicals and Fertilizers Limited manufactures, purchases, and sells nitrogenous and phosphatic
fertilizers, and related products in India and internationally. The company offers fertilizers, includ-
ing urea, di-ammonium phosphate, muriate of potash, ammonium phosphate sulphate, granulated
fertilizer mixture, single superphosphate, and specialty fertilizers; and plant nutrition products, such
as soil conditioners, organic products, micronutrients, specialty agri products, water soluble fertil-
izers, crop specific soil products, and wetting and spreading agents. It also provides plant protec-
tion chemicals comprising insecticides, fungicides, herbicides, and PP chemicals; and other prod-
ucts, such as ammonium bi carbonate, sulphonated naphthalene formaldehyde liquid, and sulphuric
acid products. Mangalore Chemicals and Fertilizers Limited sells its products under the Mangala
brand.
It has an equity base of just Rs.118.55crore that is supported by reserves of around
Rs.244.77crore. The Promoters hold 75% (Zuari Fertilisers and Chemicals Limited, an Adventz
group company holds 53.03% & UB group holds 21.98%) while the investing public holds 25%
stake in the company. Reliance corporate advisory services ltd hold 3.46% stake in the company.
Zuari Ferilisers & Chemicals Limited had given open offer for 25.90% stake at Rs.91.92 (stock is
trading almost 31.5% lower against open offer).
For Q3FY18, its net profit soared 196.38% to Rs.22.94crore on 21.37% higher sales of
Rs.668.10crore fetching an EPS of Rs.1.94.
For 9MFY18, its net profit zoomed 173.45% to Rs.40.28crore against Rs.14.73crore on higher
sales of Rs.2067.19crore fetching an EPS of Rs.3.40. 9MFY18 PAT was 107.52% higher than
PAT recorded for FY17.
Company has considered and granted in-principle approval for setting up a new NPK plant with
capacity 8,00,000 MT per annum at Panambur.
Currently, the stock trades at a P/E of 16.5x. Its 52 week high rate is Rs.89.2 which was formed
on 1st December 2017. Stock almost corrected 31% from 52 week high.
Investors can accumulate this stock with a stop loss of Rs.55. It may give
very good returns in medium to long term.
Cont...
Financial Weekly

INVESTMENT
CORPORATION BANK LTD

(530125) (CMP: Rs.29.50) (FV: Rs.2)
Founded in 1906, Corporation Bank is a public-sector banking company headquartered in Mangalore,
India. The bank was nationalized in 1980. In 1997, it became the Second Public Sector Bank in the country
to enter capital market, the IPO of which was over- subscribed by 13 times. Corporation Bank was the
forerunner when it came to evolving and adapting to the financial sector reforms. The bank has a pan-
Indian presence. Presently, the bank operated 10,413 units comprising 2,517 branches; 3,169 ATMs; and
4,727 branchless banking units across the country.
It has an equity base of Rs.229.41crore that is supported by reserve of around Rs.10267.83crore. The
promoters (Government of India) hold 70.76%, LIC of India hold 18.91%, HDFC Mutual funds hold 2.18%,
foreign portfolio investors hold 1.72% while other investing public hold only 6.43% stake in the company.
Bank is suffering from bad loan issue like other PSU banks. It has posted poor numbers in last few
quarters but it is looking highly attractive at CMP.
" It has made all-time high of Rs.163 in 2010
" Now it is trading around Rs.30 level which is lowest since 2003.
" Bank is having 2500 plus branches, 4727 plus branchless banking units and its current market cap is
only Rs.3390 means one branch is available at Rs.1.35crore only.
" Its book value per share is around Rs.105.31 and stock is available at just 0.28 times against its book
value.
" Government of India and LIC together holds around 89.67% stake in this bank.
" Bank will get Rs.2187crore in recapitalization of PSU banks.
There's no doubt that it has lot of problems and macros are also not in favor as of now but government
cannot let any bank to die. It has never happened in India and it won't happen in future! Government is
working on a consolidation plan for various public sector banks and it may be beneficiary for small bank
and its share holders.
Risk take investors can accumulate this stock with a stop loss of Rs.25. It may give very good returns
in short to medium term.
Nayan Patel
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& INVESTMENT & GET INFORMATION REGARDING MARKET
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Financial Weekly

INVESTMENT
TRADNICAL STRATEGY
Email: nimesh@nimeshthaker.com, M. 9228237373
NIMESH THAKER, BARODA
Its War……
Does it is time to Enter in Market
or
Hold the Position?
The war always comes with blood bath and hurts all person who are include directly or indi-
rectly. Everywhere its seen bloodbath and environment of fear where we are not directly involve
but we are hurting by news flow coming from global economy.
Most of investor are worry about there existing hold position and also many have question about
Does it is right time to enter in market?
I think from high, our market has corrected almost 10%, which can considered as healthy correc-
tion of any bull market that what I believe. Second global economy has just started to recovery after
a almost 10 years of bad phase and again moving economy in same phase are stupidity. I fill that
the news flow are coming, it will not easy to implement – its my personal view could be right or
wrong.
On Technical point of view, Nifty broke it strong and physiological support zone 10100-10000
consider as weak for bulls point of view, how ever we can not ruled out counter attack by bulls as
market are near oversold territory. Nifty has support zone 9865-9800 level while on upside 10050-
10100 act as resistance. Any thing above will leads to sharp pull back up to 10220 level.
On option point of view nifty 10000 put option has highest option interest build up and we had
not seen any major winding of position. Indicates traders are not expecting much downfall from
10000 level and market may remain sideway or bounce back from current level in next week.
Buy... Buy... Buy on Dips Hold Sell on High

Jubilant Food 2278.00 Bajaj Auto 2789.00
Manappuram Fin. 105.00 Ashok Leyland 142.00
Dalmia Bharat 2735.00 TCS 2816.00
Raghav Prod. 119.00 Mah. Logistics 475.00
M&M 733.00 Wipro 285.00
ARVIND 379.00 GHCL 267.00
Bajaj Finserv 5108.00 HPCL 338.00
KRBL 435.00 Carborundum 336.00
Indusind Bank 1750.00 IOC 168.00
L T Foods 83.00 Dharani Sugar 16.00
Graphite India 739.00 Hindalco 205.00
Bajaj Hind. 9.25 Deep Ind. 151.00
Infosys 1167.00 Eicher Motors 27919.00
Adani Ports 361.00 Power Grid 194.00
Financial Weekly

INVESTMENT
MMP Industries Ltd

Solid growth with Global Technological Support
Corporate Feature Issue Detail
Issue Opens : Mar 28, 2018
Issue Closes : Apr 4, 2018
MMP Industries Ltd. Issue Type : Book Built Issue IPO
Issue Price : Rs 186 - Rs 188 Per Equity Share
The Biggest IPO on Issue Size
Total Issue Size
: 45,00,000 Equity Shares of Rs 10
: Rs 84.60 Cr
NSE Emerge Platform Market Lot : 600 Shares
Minimum Order Quantity : 600 Shares
Listing At : NSE SME
MMP Industries Limited is a Nagpur-based company engaged in Objects of

manufacturing of aluminium products. Company's aluminium prod- the Issue
1. Setting up a new facil-
uct range includes pyro and flake aluminium powders, atomised alu- ity for manufacturing
minium powders, aluminium pastes, aluminium conductors (all alu- of Atomised Alu-
minium Powder, Pyro
minium, alloy aluminium and aluminium steel reinforced). Aluminium and flake Aluminium
Powder and Alu-
powders (pyro, flake and atomised) are used in many industrial sec- minium Foils
tors like construction (AAC Blocks) and mining (Aluminised slurry 2. Prepayment or repay-
ment of a portion of
explosives), agriculture (pesticides), defence (ammunition), fire loan facilities availed
by the Company
crackers, railways (thermit portions) etc. Aluminium pastes are used 3. General Corporate
in automotive, decorative and industrial paints. Aluminium Conduc- Purposes
tors are consumed by the power sector for laying of overhead trans-
mission lines. With over 3 decades of experience MMP Industries
has developed in depth ability to understand process related prob-
lems and fine tuning of its products to suit customer needs.
MMPIL is entering into the capital market through SME IPO next
week. It will issue 45,00,000 equity shares of Rs. 10 each via book building route. The Price
Band is Rs. 186–Rs. 188. It will raise maximum Rs. 84.60 crore through this issue. Issue will
open on 28th March, 2018 and will close on 4th April, 2018. Minimum application is to be
made for 600 shares and in multiples thereon, thereafter. Post allotment, shares will be listed
on NSE SME Emerge. Guiness Corporate Advisors Pvt. Ltd. is the sole Lead Manager of the
P.T.O.
Financial Weekly

INVESTMENT
MMP Industries Limited is a Nagpur-
based company engaged in manufac-
turing of aluminium products.
Company's aluminium product range
includes pyro and flake aluminium
powders, atomised aluminium powders,
aluminium pastes, aluminium
conductors
issue and Bigshare Services Pvt. Ltd. is

the registrar. Issue constitutes 26.57% of
the post issue paid up capital of the com-
pany. Arun Bhandari is the Promoter of
the Company. He holds 46,39,641 Equity MMPIL has entered into a Joint Venture with
Toyo Aluminium K.K.of Japan for the manu-
Shares equivalent to 37.31% of the pre-
facturing of specialty aluminium pastes in a
issue, subscribed and paid-up Equity new company Toyal MMP India Private Lim-
Share Capital of the Company. ited. It will help in moving up the value
chain alongside technological support
The Company had set up its first plant in 1983 for pyrotechnic Aluminium powders in
technical collaboration with Andre Van Lerberghe nv, Belgium (now called AVL Metal Pow-
Promoters of MMPIL ders nv). The Company has further en-
Mr. Arun Bhandari : Mr. Arun tered into a License Agreement with A.
Bhandari, aged 62 years, is the Promoter, Chair-
man and Managing Director of the company. He Van Lerberghe for the production of Alu-
holds a Bachelor‘s degree of Technology in
Chemical Engineering from Banaras Hindu Uni- minium powder for light weight concrete.
versity, Varanasi. He has experience of more
than 36 years in the manufacturing of pyro tech- The agreement is a continuing one and
nique aluminium powder, paste and conductors
and also manufacturing of circlips, retaining rings and other carbon has been extended till April 30, 2020.From
steel stampings and formed components.
Mr. Mayank Bhandari : Mr. Mayank an initial capacity of 300 MTPA in 1983 of
Bhandari, aged about 33 years, is son of Promoter
Shri Arun Bhandari. He completed his high school pyro and flake Aluminium powders, the
education from United World College of South East
Asia, International Baccalaureate Diploma 1999-2002. capacity presently is 7,860 MTPA. In ad-
He completed his Bachelors in Engineering - Manu-
facturing Engineering with Business Management, dition, Atomised powder capacity is 7,200
from University of Birmingham 2002-2005 and did his M. Sc. Engi-
neering Business Management from University of Warwick 2006. MTPA including for captive consumption
Mrs. Sakshi Bhandari : Mrs. Sakshi and Aluminium paste capacity of 1,500
Bhandari, aged 30 years, is wife of Mr. Mayank
Bhandari. She completed her high school educa- MTPA. The Aluminium conductor capac-
tion from Mahindra United World College of India in
2003 with the International Baccalaureate Diploma. ity is presently 7,200 MTPA. The com-
She then completed her integrated undergraduate
and postgraduate Masters in Engineering and Management from pany is continuously increasing its capaci-
University of Warwik in 2007.
P.T.O.
Financial Weekly

INVESTMENT
ties for Powder and Conductors to meet the growing demand.
MMPIL has entered into a Joint Venture with Toyo Aluminium K.K. of Japan for the manu-
facturing of specialty aluminium pastes in a new company Toyal MMP India Private Limited.
Its association with Global Industry leader Toyo Aluminium K.K., Japan would help in mov-
ing up the value chain alongside technological support. Company holds 26% shareholding in
this JV Company. The commercial production in this unit has already commenced in Febru-
ary 2018.
MMPIL is entering into capital market through SME IPO

next week. It will issue 45,00,000 equity shares. The Price
Band is Rs.186–Rs.188. It will raise maximum Rs. 84.60
crore through this issue. Issue will open on 28th March,
2018 and will close on 4th April, 2018
Customer Cloud
P.T.O.
Financial Weekly

INVESTMENT
MMP Industries Ltd

Huge Capex to meet demand from
Diversified Customers
GLOBAL PARTNERSHIP
Corporate Feature
MMP Industries Limited is a Nagpur-
based company engaged in manufactur-
ing of aluminium products. MMPIL is cen-
trally located in Nagpur which gives it a
distinct locational advantage. The com-
pany sells its products direct to all its cus-
tomers which means quicker deliveries
and owning complete responsibility of its
products. With over 3 decades of experi- With Mr. Josef Abeling, MD of Seeger-Orbis
ence it has developed in-depth ability to understand process related problems and fine tun-
ing its products to suit customer needs, which has carved a niche for the company.
On financial front, MMPIL has been very consistent. Its sales and profit have been con-
tinuously increasing since last four financial year. Its profit for the FY17 was Rs.13.84 crore
and sales was Rs.203.93 crore against net profit of Rs.7.78 crore and sales of Rs.181.21
crore for the previous year i.e.FY16. Similarly, its net profit was Rs.3.71 crore and sales was
Rs.157.64 crore for the FY15, against net profit of Rs.2.51 crore and sales of Rs.121.73
crore for the FY14. Thus, its net profit has jumped more than five-fold in last four years. For
PROFIT & LOSS STATEMENT (STANDALONE) PROFIT & LOSS STATEMENT

[FIGURES ARE IN LACS] (Consolidate)
March March March March March
FIGURES ARE IN LACS] March
2014 2015 2016 2017 2016 2017
Total Revenue 12173.32 15764.34 18120.67 20393.43 Total Revenue 18120.67 20393.43
PAT 250.61 370.7 778.34 1384.49 PAT 887.53 1656.37
P.T.O.
Financial Weekly

INVESTMENT
the first six months of the current fiscal E
VENUE SHAR
PRODUCT RE
year, its net profit was Rs. 6.40 Cr. and
sales was Rs. 105.56 cr. For last three
fiscals, it has posted EPS of Rs. 13.50 and
an average RoNW of 28.04%. Its P/E is
around 20, which is much below the in-
MANGANESE ALUMINIUM ALUMINIUM ALUMINIUM
dustry average of 35. OXIDE PASTE CONDUCTORS POWDER
Aluminium powder, also known as aluminium flake, is a light, silvery-white to grey,

odourless, granular powder having flammable reactive properties. It is used for several ap-
plications such as manufacture of slurry, explosive and detonators, thermit process used for
manufacture of ferro-alloys, specialised welding applications, and manufacture of aluminium
paste, paints and several pigments used in automobiles manufacturing. There are four ma-
jor grades of aluminium powder: Reagent grade, Technical grade, Bio-tech grade, and Ana-
lytical grade. In foundry, the metal powder is used as deoxidant and exothermic tapping
compounds to increase the yield of casting.
The company is planning to set up a manufacturing facility for manufacturing of Atomised
Aluminium Powder with the installed capacity of 4800 MTPA. It also plans to set up manu-
ALUMINIUM POWDER APPLICATION
P.T.O.
Financial Weekly

INVESTMENT
facturing of Pyro and Flake Aluminium Star Circlips & Engineering Ltd :
Powder with the installed capacity of
Associate company of MMPIL
1800 MTPA and manufacturing of Alu- Star Circlips & Engineering Limited is the associate
minium Foils with the installed capacity compny of MMPIL. MMP Industries Limited holds 26.06%.
Star Circlips & Engineering LImited is the manufacture of
of 5000 MTPA. Through this diversifica- circlips, retaining rings, washers, shims and formed com-
ponents used in auto and auto component industries.
tion into aluminium foils it will be manu- Company’s portfolio includes nearly 800 products, which
are being supplied to the automobile industry around the
facturing foils for use in pharma packag- world. Nearly 35% of sales constitute of exports, with Ger-
ing, flexible food packaging and foils for many and USA being the major markets. Few domestic cus-
tomers include Bajaj Auto Limited, TVS Motor Co, Maruti
use in households. All the products till Suzuki, Piaggio Greaves, Suzuki Motor Cycles, Hero Honda,
Ford India, M&M etc.
date are for industrial usage. Aluminium
foils will be its first product to be directly used by consumers.

MMPIL has a large customer base in diversified industries with strong customer retention.
It caters to diversified base of customers with no single customer with more than 10% of
revenues. So, there is no business risk related to any single customer. Thus its business is
well diversified and well balanced. It has been able to build a large, loyal base of customers
spread across various industries over a period of time. It has built strong customer relation-
ships over the last three decades and continues to work actively towards further strengthen-
ing it. It believes that the trust and convenience that it offers to its customers and its quality
products create unique entry barriers for the competitors.
The global aluminium powder market is growing driven by the automotive paints and seal-
ants and other industrial pigments sectors. During 2009-2016, the market has grown at a
CAGR of two per cent reaching a volume of 589,012 tonnes in 2016. A recently published
report suggests the market will grow at around five per cent CAGR over the next five years.
The Asia-Pacific region accounted for 44 per cent of the global aluminium powder market
share during 2014. Piggybacking the growth in China and India, the market is expected to
grow further, both volume and value-wise, through 2020.
India, one of the fastest growing economies in the world is seeing a steady GDP growth in
recent years. Owing to strong economic growth and increasing middle class with growing dis-
posable income, consumption of aluminium foil is growing fast in India. The change in life
style which includes changed food habits has led to increased demand for foil packaging.
Growing demand for ready to eat confectionaries and pharmaceutical products is another ma-
jor growth drivers for aluminium foils industry in India.
Financial Weekly

INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
jatinsanghavi100@yahoo.com
NIFTY IN 4 DIGITS, NOW A REALITY

GLOBAL TRADE WAR TRIGGERS A MELTDOWN
After the US imposed tariffs on the import of Chinese goods, jitters were felt in global markets.
Indian market was no different as it followed global trend and as a result the Sensex closed below
its 200dma and Nifty went into 4 digits. We have been advocating bearishness since end of Janu-
ary 2018, and our view must have surely helped our readers by making them ready for the bear
market. The indices are now headed towards their target of Sensex 30521 and Nifty 9381. But in
the near term, Bearish Gap between Sensex 32720-32963 and Nifty 10027-10105 will act as Re-
sistance.
Technically Speaking :- Sensex opened the week at 33268, made a high of 33354, low of
32483 and closed the week at 32596. Thus it closed the week with a loss of 580 points. At the
same time the Nifty opened the week at 10215, made a high of 10227, low of 9951 and closed the
week at 9998. Thus the Nifty closed the week with a loss of 197 points.
On the daily charts, after opening with a gap down, Sensex has formed a small black body
Spinning Top whereas Nifty has formed a small white Star like body. On the weekly charts, both
the indices have formed a big black body candle in line with the down trend. On the monthly charts,
Nifty has formed a Bearish Engulfing pattern. This is a Bearish Reversal pattern which can induce
bearishness for the next few months. Thus candlestick analysis indicates bearishness across daily,
weekly as well as monthly timeframes.
On Friday, both the indices opened with a big gap down, breaching the long term average of
This Weeks Recommendations

Rec. Name CMP SL TGT-1 TGT-2
Sell Raymond 892 913 859 823
Sell GodfreyPhilips799 818 769 737
Sell DLF 203 208 195 186
Sell Vedanta 276 282 267 257
Sell YesBank 287 294 276 264
:::: INDEX LEVELS ::::
S3 S2 S1 CLOSE R1 R2 R3
NIFTY 9685 9783 9892 9998 10105 10227 10336
SENSEX 31430 31769 32247 32596 32963 33354 33691
Financial Weekly

INVESTMENT
200dma and left behind a Bearish Gap between Sensex 32720-32963 and Nifty 10027-10105.
This Gap will act as a strong Resistance in the near term.
Both the indices have completed a Bearish Cup and Handle pattern on the daily charts and
whose target falls at Sensex 30521 and 9381. On the weekly charts, both the indices have formed
a Bearish Flag pattern with similar targets.
We are in midst of a strong Correction of the intermediate 13 months rally from low of Sensex
25717 and Nifty 7893. The Retracement levels for that are placed at Sensex 32347-31081-29815
and Nifty 9919-9533-9146. We also need to consider the last two years rally which started from a
low Sensex 22494 and Nifty 6825. The relevant Correction levels are placed at Sensex 31115-
29469-27823 and Nifty 9511-8999-8486. Strong confluence zone is formed between Sensex 31081-
31115 and Nifty 9533-9511, which can possibly act as Target for the market.
Both the indices have formed a Weekly Bearish Gap between Sensex 34874-35006 and Nifty
10702-10736. This Gap is aided by 50% Retracement of the current fall (Sensex - 34963 and Nifty
10724) and also the 50% Retracement of Intermediate Rise from low of Nifty 10033 i.e. at Sensex
34962 and Nifty 10737. Thus as seen, the weekly Bearish Gap is aided by strong Resistances
which will make the confluence zone into a strong Resistance zone.
This week, finally both the indices breached and closed below the long term average of 200dma
(Sensex - 32864 and Nifty - 10172). Besides they continue to stay well below the short term aver-
age of 20dma (Sensex - 33552 and Nifty - 10305 as well as medium term average of 50dma (Sensex
- 34336 and Nifty - 10548). Thus the trend in short term and medium term timeframe remains bear-
ish, whereas the trend in the long term timeframe has now turned Bearish.
MACD and Price ROC are both negative and in Sell mode. RSI (32) suggests bearish momen-
tum. ADX is at 28 suggests that the Down Trend is getting strong. Directional Indicators are in Sell
mode as +DI remains below -DI. MFI (35) suggests Negative Money Flow. OBV continues in Sell
mode. Thus Oscillators are suggesting a bearish bias for the near term.
Options data for March series indicate highest Call Open Interest is now at the strike of 10500
whereas the highest Put build-up still remains at the strike of 10000. Thus Options data suggests a
trading range with resistance at 10500 & support at 10000.
Financial Weekly

INVESTMENT
SEMINAR ON.....
MANAGING PORTFOLIO &
TRADING STRATEGIES IN A BEAR STORM
BY JATIN SANGHAVI
(Technical Analyst)
25th March
Sunday
11 AM to 2 PM
Venue : TOTAL SECURITIES LTD.

406, Sej Plaza, Marve Road,
Near NL College, Malad (West) Mumbai - 400064.
RSVP : HIMANI - 9833882809 / Pooja - 9920980021
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Financial Weekly

INVESTMENT
Jignesh R Mehta
(SEBI Registered Research Analyst)
E-mail : support@kiranjadhav.com
Website : www.KiranJadhav.com
Phone: 9327 11 3344 / 9328 11 33 44
Twitter: @jigneshrmehta
Correction is persistent but there is

light at the end of the Tunnel! - Part 2
This of our article is an extension of article of last week and hence it is represented with same
heading as last time. We hope all of you remember that last time we strongly believed that if News
flows were bad, if Dow was not in a good shape and Global markets were in distress than there is
no way that present correction is smaller than last one. It is needless to say that last correction,
which started in SEP-2016 from 8968 Nifty and stopped only at 7916 was about 12% fall from the
high and current fall from the high of 1171 is not even reached 12% therefore expecting some more
pain in quick succession can't be ruled out.
One may not forget that long-term support line of NIFTY is placed at 9400 levels. This doesnot
mean that NIFTY has a target to reach to that level but it surely means that NIFTY is not going to be
BEARISH or it is not yet forming "Down Trend" until it breaches that level. In other words, currently
NIFTY should be only termed, as it is in short term correction even if it is falling further. We strongly
believe that even the bearish pattern that NIFTY has formed, hasn't have bearish target below
9500 so in worst conditions NIFTY would form some kind of bottom nearby.
Many people who wants to find multi bagger stock ideas and investment opportunities are still
asking us about what is the level NIFTY would go down so that they can start investment. We think,
such question is incorrect or officially wrong because NIFTY is an INDEX of only 50 stocks and
Financial Weekly

INVESTMENT
most of the multi bagger stock ideas are away from these 50 stocks so there is no point in finding
the actual bottom. There is absolutely no person in the world who can time the exact bottom on the
NIFTY and hence people looking for long term investment opportunities should not wait any further
and should not fear to go and accumulate in such a market. We sturdily consider that wherever we
are on NIFTY, we are very near to the bottom. Using such a time to buy stocks, which are forming
IT Delight way of "ready to perform level" should be considered to buy.
We are attaching current NIFTY daily candlestick chart to also suggest that in previous BULL
RUN of 2003-2008, we saw 6 corrections and all the 5 corrections after 1st correction were "v"
shaped rally. If we also see in details, we can see that the recovery in consecutive "V" shape is
even sharper one after other. The right side extension of "V-Shape" is bigger in consecutive recov-
eries. If we compare the same with current BULL RUN that started somewhere from 2013 -2014,
the very first recovery was not perfect "V". It was exactly as last time but all recoveries just after 1st
correction were "V" in shape. If all the recoveries so far have been "V-shape" and even in last
BULL RUN same thing has happened then why would not even this be a sharp recovery? Yes, if
we expect a sharp recovery from the lows the NIFTY make in coming time then it is not asking too
much. Straightforwardly, Nifty should show sharp recovery! Therefore, our advice to all the reader
is not get panic if they see further low but start buying in to good stocks with good expectations on
NIFTY in coming months.
Have a Happy time in Investing!
Jignesh R Mehta
SEBI Registered Research Analyst
www.kiranjadhav.com
support@kiranjadhav.com
Phone: 9327 11 33 44 / 9328 11 33 44
Twitter: @jigneshrmehta
Disclosers: Views expressed in this article/articles are personal opinion of Author and it
does not constitute an offer to buy or sell securities mentioned herein. Enough care has
been taken before arriving at these data, figures &charts, however, readers are advised to
do their own assessment before taking any actions in the market. The author and his com-
pany does not take any responsibility for any results that may arise out of using this infor-
mation.
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Financial Weekly

INVESTMENT
Orissa Bengal Carrier Limited

Drives on Highway of Growth
Orissa Bengal Carrier Limited Corporate Feature
(OBCL) is one of the leading logistics Objects of the Issue
services provider. It provides logistics The objects of the Issue are:
1. Funding working capital re-
to a broad range of industries includ- quirements
2. Issue Expenses
ing steel, coal, aluminum, cement, pet-
rochemicals, paper, mable, tiles, infra, tex-
tile, FMCG etc. Services include full truck Issue Detail
load, parcel and part truck load/ less then Issue Open : Mar 22, 2018 - Mar 26, 2018
truck load. However, it largely focuses on Issue Type : Fixed Price Issue IPO
Issue Size : 5,564,000 Equity Shares of
full truck load segment. It currently has 45 Rs 10 aggregating up to
branches spread across various regions in Rs 16.69 Cr
Face Value : Rs 10 Per Equity Share
India and serves over 200 customers. It
Issue Price : Rs 30 Per Equity Share
owns 93 vehicles and if the need arises, it Market Lot : 4000 Shares
hires vehicles. Minimum Order Qt. : 4000 Shares
Listing At : BSE SME
Orissa Bengal Carrier Limited is enter-
ing into the capital market through IPO. It will issue 55,64,000 equity shares of Rs. 10 each.Issue
price has been fixed aat Rs. 30 per share. It will raise Rs. 16.69 crore throught this IPO. Issue has
opened on 22nd March, 2018 and will close on 26th March, 2018. Minimum application is to be
made for 4000 shares and in multiples thereon, thereafter. Post allotment shares will be listed on
BSE SME. Guiness Corporate Advisors Pvt. Ltd. is the sole Lead Manager of this issue and
Bigshare Services Pvt. Ltd. is the registrar.
Corporate Client
P.T.O.
Financial Weekly

INVESTMENT
On financial front, OBCL has reported Promoters of
net profit of Rs.3.95 crore and revenue of
Orissa Bengal Carrier Limited
Rs.213 crore for the financial year 2016-
Ratankumar Agrawal (MD)
17 against net profit of Rs.1.82 crore and He has 24 years of experience in logistics in-
dustry and he has been director of OBCL since its
revenue of Rs.220.56 crore in the previ- incorporation. He played crucial role in fleet man-
ous year 2015-16. Its net profit for the year agement and administration of the company.
2014-15 was Rs.0.92 crore and revenue Shakuntala Devi Agrawal

was Rs.206.50 crore against net profit of (Non-executive Director)
She has been associated with the company
Rs.0.20 crore and revenue of Rs.185.19 since its incorporation and had played a very sup-
crore. For first half of the current fiscal, it portive role in the growth of OBCL.
has reported net profit of Rs. 3.51 cr. on Manojkumar Agrawal

(Executive Director)
revenue of Rs. 164.00 cr. For last three He has 20 years of experience in this sec-
fiscals it has posted an average EPS of tor and has been instrumental to company’s
growth and strategy. He has good hold on hu-
Rs. 15.88 and an average RoNW of man resources management and relation. He
currently looks after company's western region operations.
10.24% on an equity base of Rs. 1.72 cr.
Issue is priced at a P/BV of 1.31 on the basis of its post issue NAV of Rs. 22.92. The stock is
offered at P/E ratio of around 9 against industry average of 29.
Orissa Bengal Carrier Ltd is headquartered in Chhattisgarh which contributes approximately

30% to India’s steel/sponge iron production, 15% cement in India’s production. So there are
large number of steel and cement industry in our belt providing the company benefit to easily
cater them the services they need to transport goods to other required location.The company
was incorporated in year 1994 as private company but later on converted as public limited com-
pany to build a trustworthy and advanced transportation network by ensuring costeffective &
best-fit business solution in logistic industry.With a vision to augment transport accessibility even
in the most unexplored regions of India, the founding stone of Orissa Bengal Carrier Limited
P.T.O.
Financial Weekly

INVESTMENT
OBCL has reported net profit of Rs.3.95 crore and revenue of Rs.213
crore for the financial year 2016-17 against net profit of Rs.1.82 crore
and revenue of Rs.220.56 crore in the previous year 2015-16
(OBCL) was laid down in the year 1994 by Mr. Ratan Kumar Agrawal. Currently With a fleet size
of 93 commercial vehicles including trucks and trailers and many hired from local market and a
reach of 45 branches offices across india makes OBCL an emerging player in logistic industry. It
is certified by ISO 9001:2015 for provision of Quality Management Systems Services. It is also
Indian Bank Association (IBA) approved transporter. Company has diversified clientele across
different sectors like cement, steel, infrastructure, textile, FMCG, petrochemical, aluminum, marble,
tiles etc.
Logistics comprises of both infrastructure like roads, ports, railways, air on one hand and ser-
vices like transportation, warehousing, logistics service provider firms etc. which are all equally
important.The transport infrastructure sector in India is expected to grow at 6.1 per cent in real
terms in 2017 and at a CAGR of 5.9 per cent through the year 2021.The construction of highways
reached 8,142 km during FY 2016-17, with an all-time high average pace of 22.3 km per day.Under
the PMGSY, 133-km roads per day in 16-17 were constructed as against a 11-14 average of 73-km
per day. So, these are the factors which might increase growth opportunity for the logistics compa-
nies like OBCL.
Orissa Bengal Carrier Limited is entering into the capital market through IPO. It will issue
55,64,000 equity shares.Issue price has been fixed at Rs. 30 per share. It will raise Rs. 16.69
crore Issue has opened on 22nd March, 2018 and will close on 26th March, 2018
Financial Weekly

INVESTMENT
Stock Buzz Subramanian Mahadevan

dolphincapital@gmail.com
Adlabs Entertainment (Rs.47)

Holiday Destination!
Adlabs Entertainment Limited (AEL)- is a Mumbai based company started and operated by erst-
while promoters of 'Adlabs Cinemas' now runs India's first theme park - Imagica, spread across
132 acres and 25 rides targeting visitors of all age groups with an estimated daily capacity of
15,000+ guests. It alsooperates water park - Aquamagica with 14 water slides & wave pools and 5-
star hotel named 'Novotel Imagica Khopoli' with 287 rooms and one beautiful snow park touted as
one of India's largest with 100% natural snow opened in 2016. Since its opening in April 2013,
more than 2.8mn people have visited the park and also plans to develop an integratedtownship
(received necessary Government approval) spread across 170 acres of surplus land. The man-
agement has started focusing on reducing debt by monetizing the non-core assets such as the
hotel and the surplus land through Walkwater Properties Private Limited, its wholly owned subsid-
iary. Adlabs reported a 53% growth in EBITDA from Rs 39.8 crore in fiscal 2016 to Rs 60.7 crore in
fiscal 2017, but could not achieve the targeted cash break even. Besides positives like strategic
location, global scale, international quality, strong entry barrier, world class design and safety,
AEL will break even and will start generating free cash flows from last quarter of FY19. Manage-
ment has more skin in the company and have four decades of experience in the entertainment
business and can easily bring in the needed cash (if any) for seamless operations. Already big
shots like Rakesh Jhujhunwalla, founders of Centrum Capital Limited, Bennett, Coleman & Co
Ltdand well known private equity fund Jacob Ballas have acquired significant stake from the open
market and 100% FDI in theme parks is a big boost for players like AEL. The company's plan to
monetize excess land and selling of Novotel business is on track, we expect the deal to go through
in 1Q FY18.We expect steady and growing footfalls in future. We expect AELs revenue and EBITDA
to grow at a CAGR of 106% and 122% respectively from FY17 to FY20.Stock is trading at attractive
valuations considering its market cap of 400 crore, expected FY18 sales of close to 300 crore and
one of the leading listed holiday destinations with great brand recall. Accumulate at every decline
for multi-bagger returns
- Subramanian Mahadevan
Financial Weekly

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

E-mail ID : rohan.nalavade21@gmail.com
Market is short on rise be cautious

Last week we had stated Nifty moving downward from 10400 in March month and made new
monthly low of 9951 ,now nifty( below 10100 )is fresh selling
Opportunities for 9800_ 9700 target ,market is correcting and global activities of trade war have
started which is more affecting Asian markets metals stocks are falling most along with banking
stocks so portfolio 25% can be bought accumulate not more than 25% on every 5% correction of
Nifty so you will get best buying price at lower levels ,global scenario of market is also bearish and
short on rise and buy at lower levels Nifty can test 9700_9500 ,NSE option data showing open
interest is adding in puts at 9700_9500, levels and 200 sma is broken and 300 sma is at 9795
levels ,and daily and weekly charts showing lower high and lower low so trend is down from all
indicators and also by w.d.gann price and time analysis are indicating sell for shortterm.
Stocks to watch out
PNB is sell at 93.60 for 90_88_85 sl 96.50
Emami Ltd is buy at 10060 for 10105 sl 10040
Sail is sell at 67_68 for 60 sl 69.50
Cipla is sell at 538 for 520_510 sl 551
Learn w.d.gann trading technics for stocks and Index trade, trading both sides of market how to
identify sell trades and buy trades on 29 March ,for booking seats call on {9769212176]
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Financial Weekly

INVESTMENT
Terrific Shots - Dilip K. Shah
Rain Industries (Rs373.00) (Code:500339) :- Petrochemical sector company's stock

has remained between Rs475 and Rs91 during the year. It was incubated as Tadpatri Cement in
1974 but name was changed to Priyadarshini Cement in 1985. However, it was taken to BIFRE
due to continuous losses. However, it was again renamed as Himadri Cement in 2000 and it was
taken over by Yash Birla Cement in 2011. Currently, it produces Calcined Petroleum Coke and
Coal Tarpich, which are used in aluminum industries. Both the products are in high demand. In
December quarter, the company witnessed net sales of Rs3144.79 crore, other income of Rs19.78
crore and net profit of Rs317.50 crore on consolidate basis. MotilalOswal has given BUY rating
with target of Rs480.
Polyplex Corp (Rs.470.00) (Code:524051) :- The promoters hold 50.03% and pub-
lic hold 49.97% stake in the company. As against equity of Rs32.56 crore the company has re-
serves of Rs2347 crore. In December quarter, the company's income increased from Rs873.46
crore to Rs913.34 crore while profit increased from Rs73.20 crore to Rs85.50 crore with EPS of
Rs15.7. The company has performed strongly in last seven quarters and may continue the same in
future. The stock has corrected to Rs460 level from Rs600. The packaging sector company's stock
seems attractive so small investment in phased manner is advisable.
Bliss GVS (Rs.200.00) (Code:506197) :- The company's market cap is Rs2011 crore.
The promoters hold 60.16% and public hold 39.84% stake in the company. The company's equity
is Rs10.31 crore and reserve is Rs473 crore. In December quarter, the company's income has
decreased from Rs227.05 crore to Rs194.41 crore, while profit has increased from Rs14.44 crore
to Rs25.98 crore with EPS of Rs2.10. The company's stock is being quoted at P/E of Rs12.5 . It
paid 60% dividend for 2017. The stock has witnessed a robust upward movement in last few days
but still seems to be attractive in comparison to its peers in the market. It can be considered for
investment.
Va Tech Wabag (Rs.491.00) (Code:533269) :- It is one of the leading companies in
water treatment segment. It has its presence in many countries of the world. As against equity of
Rs10.91 crore, the company has reserves of Rs982.22 crore. It has got huge contracts in Modi
Government's dream projects of Swachchh Bharat Abhiyan and Ganga Cleaning campaign. Now
the ministry has come under Nitin Gadkari so the work may expedite. The company has set its
eyeing on the small countries with big cash reserves. In first nine months, the company's income
increased from Rs2069.48 crore to Rs2419.80 crore, while profit increased from Rs26.67 crore to
Rs83.63 crroe with EPS of Rs16.51. The company has monopoly in business. So the stock can be
considered for medium to long term.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014 ; • I and / or
my clients may have investment in this stocks • I/My family have no financial interest or beneficial interest of more than 1% in the
company whose stocks I am recommending • Stop loss is useful for Short / Medium Term investor Only • Smart Investment will not
be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or may not be
substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
Financial Weekly

INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
Be cautious in panic selling

BSE Index (32596.54) :- It is moving downward from top of 36443.98. It shows oversold position
on daily and weekly basis, while overbought to towards neutral position on monthly basis. On
upward movement, beyond 32720 it may witness resisting level at 32963 and 33555. On the down-
ward movement, below 32483 it may go down to 32320, 32075, 31840 with support at 31600.
Nifty Future (10003.90) :- It shows downward movement from top of 11185.60. It shows over-
sold position on daily and weekly basis, while overbought to towards neutral position on monthly
basis. On upward movement, beyond 10044 it may go up to 10110, 10155, 10215, 10237 with
resisting level at 10266. On the downward movement, below 9960 it may go down to 9940, 9930,
9910, 9840 with support at 9770.
Bank Nifty Future (23710.15) :- It is moving downward from top of 27661. It shows oversold
position on daily and weekly basis, while overbought to neutral position on monthly basis. On
upward movement, beyond 23860 it may witness resisting level at 24110 and 24368. On the down-
ward movement, below 23631 it may go down to 23540, 23310 and 23080.
Adani Port (362.40) :- It is moving downward from top of 452.35. It shows oversold position on
daily and weekly basis, while towards oversold position on monthly basis. On upward movement,
beyond 363 it may witness resisting level at 374. On the downward movement, below 345 it may
get support at 327 and 310.
Escorts (795.85) :- It is moving downward from top of 922.95. It shows oversold position on
daily and weekly basis, while overbought position on monthly basis. On upward movement, be-
yond 807 it may witness resisting level at 828. On the downward movement, below 784 it may get
support at 766.
LIC (519.85) :- It shows downward movement from top of 786.81. It shows overbought position
on daily basis, neutral on weekly basis and oversold position on monthly basis. On upward move-
ment, beyond 528 it may go up to 534 and 554. On the downward movement, below 514 the sup-
port could be at 508.
Mind Tree (782.75) :- It is moving downward from top of 871.20. It shows oversold position on
daily basis, while overbought position on weekly and monthly basis. On upward movement, be-
yond 790 it may witness resisting level at 807. On the downward movement, below 761 it may go
down to 751 and 785 with support at 735.
Yes Bank (286.65) :- It is moving downward from top of 367.25. It shows oversold position on
daily, weekly and monthly basis. On upward movement, beyond 300 it may witness resisting level
at 309. On the downward movement, below 284 it may get support at 273.
disclosure : The Recommendations are based on technical analysis. There is a risk of loss in trad-
ing.
-: Golden quote :-
Everyday may not be good But
There is something good in every day
Financial Weekly

INVESTMENT
Dilip Davda Best Buy

e-mail Expert’s Eye Amarjothi Spg.,
dilip_davda@rediffmail.com Sunil Agro,
Ambika Cotton
Negative week ahead of

fiscal end adjustment
Although week under report marked negative closing for the first session, it managed to gain
some points in the following two sessions, but thereafter it against turned shaky and witnessed
slide. Last two days losses finally ended the week on a negative note. Market men anticipated
bouncing back in the last session, but weak global trends derailed the sentiment as Friday marked
mega losses in indices. Now the market is in the final lap of this fiscal as Monday (26.03.18) will be
the last trading session and thereafter, two sessions will trade for new fiscal.
During the week, indices moved in the range of 10227.30-9951.90 and 33354.93-32483.84 for
NSE Nifty and S&P BSE Sensex respectively.
Secondary Market :- Markets opened on a positive note on Monday but gave up post noon on
profit bookings. NSE Nifty lost 100.90 points to close at 10094.25 and BSE Sensex marked deficit
of 252.88 points to end the day at 32923.12.Year end squaring off deals kept market in tight spot
and Metal, Oil, Realty, Banking, Consumer Durables counters
Bonus Issue Meet eased on profit booking. Even Mid and Small cap counters
Powerhouse Gym (29-3-2018) witnessed hammerings at every rise. FIIs turned net buyers
Raghav Productivity (30-3-18) in cash and seller in Futures. DIIs were net sellers for the
day. Surge in Dollar up to Rs. 65.20 a dollar kept market un-
Bonus Announcement der pressure. Bonus announcements came in from Gala Glo-
bal (1 for 20), United Drilling (1 for 1) and MMTC (1 for 2).
Gala Global (1 for 20)
On Tuesday markets opened on a lower note but managed
United Drilling (1 for 1) to close in green on short coverings ahead of derivatives ex-
MMTC (1 for 2) piry. While NSE Nifty scored mere 30.10 points to end the
day at 10124.35, BSE Sensex posted gain of just 73.64 points
During the week dividend to close at 32996.76. While Oil and Gas, Banking counters
announcement came in from continued their slide, surge in select Auto, Power and IT
Beardsell (12%), KIOCL (2.7%), counters helped indices to close in green. Mid and Small cap
hammering continued. FIIs were net buyers while DIIs were
NLC India (42.3%), Ashoka
net sellers for the day.
Buildcon (16%), DLF (60%), On Wednesday we witnessed positive opening and mar-
Jenburkt (30%), NRB Bearings ket remained in green zone for the day. NSE Nifty gained just
(70%), Datamatics Global 30.90 points to close at 10155.25; BSE Sensex scored 139.42
(10%), IMFAL (50%), ISGEC points to end the day at 33136.18. Thus both benchmarks
(160%), AIA Engg (400%), GOCL regained level of 10.15K and 33K. Continued buying by FIIs
(80%), SBI Life (20%) etc. ahead of US Fed Reserve meet helped our market to close in
P.T.O.
Financial Weekly

INVESTMENT
green for the second session. Short covering in Oil and Gas, Banking and Power counters helped
indices to gain despite bearish trends for Metal and Pharma counters. Mid and Small cap slide
continued for the third day in a row. DIIs too turned net buyers.
Although we marked positive opening on Thursday derivatives expiry adjustment took place
and profit booking in cash continued for squaring up of long positions amidst illiquid sentiment.
NSE Nifty lost 40.50 points to end the day at 10114.75 and BSE Sensex marked deficit of 129.91
points to close at 33006.27. Hike of 25 bps by US Fed kept global markets under selling pressure
and we too marked tremors. Crude oil surged to cross 70$ a barrel and triggered sell offs. Banking,
Auto and IT counters lead the doom and got support from Mid and Small cap slide. FIIs and DIIs
were net buyers for the day.
With gap down opening on Friday following weak global trends, market continued to slide as
the day progressed and remained in red zone for the day. NSE Nifty lost 116.70 points to close at
999805 and BSE Sensex marked deficit of 409.73 points to end the day at 32596.54 and thus both
benchmarks broke sentimental levels of 10K and 32.6K respectively. Despite weak global mar-
kets, FIIs were net buyers for the day. But surprisingly we witnessed selling across the board and
DIIs turning net sellers. US President announcing tariffs on China goods impacted global markets.
Down trends in Asian markets kept a tab on our market as well. Bank of England maintained status
quo on rates. Banking, Capital Goods, Metal and Pharma counters lead the doom and got support
with continued hammering on Mid and Small cap counters.
For the week, NSE Nifty and BSE Sensex posted net weekly Loss of -197.10 points and -579.46
points respectively.
Rupee movede around Rs. 65.00 a dollar and Crude surged around 69 $ a barrel and raised
concern. Global cues that damaged sentiment here will continue to dominate on general market
sentiment as usual. Ensuing week has just three sessions with 26th March being the final session
for Fiscal 2017-18 and thereafter two sessions for FY18-19. Highly volatile trades are not ruled out
amidst NAV building exercise for the shorter week. 29th March onward market is closed for a long
weekend.
Amidst such a scenario NSE Nifty and BSE Sensex may hover between 10600-9650 and 33750-
32000 respectively for the ensuing week.
Powerhouse Gym and Raghav Productivity has convened board meet on 29.03.18 and 30.03.18
respectively for bonus issue.
Scrip Watch :- Investors may keep following scrip on radar for their investment plans:
Amarjothi Spg.(BSE Code: 521097) :- This yarn manufacturing
company has (on a consolidated basis) reported net profit of Rs. 18.98 crore on a turnover of Rs.
141.48 crore for 3Qs of FY18 against net profit of Rs 14.84 crore on a turnover of Rs. 162.91 crore
for the corresponding previous period. Thus it has shown improved margins. For FY17 it posted
net profit of Rs.17.85 crore on a turnover of Rs. 220.30 crore. As on 31.12.17 it's paid up equity
capital of Rs. 6.75 crore is supported by free reserves of Rs. 110 crore. Scrip may be considered at
declined levels for medium to long term investment. It currently quotes around Rs. 124.35 against
52 week High/Low of Rs. 250/119, FV Rs.10.
Sunil Agro (BSE Code: 530953) :- This manufacturing and trading of
wheat and its product company has posted net profit of Rs. 5.61 crore on a turnover of Rs. 1094.91
crore for 3Qs of FY18 against net profit of Rs. 4.26 crore on a turnover of Rs. 952.88 crore for the
corresponding previous period. For FY 17 it earned net profit of Rs. 6.19 crore on a turnover of Rs.
1336.59 crore. As on 31.12.17 it's paid up capital of Rs. 3.00 crore is supported by free reserves of
Rs. 14.00 cr. plus. Scrip may be considered at declined levels for medium to long term investment.
It currently quotes around Rs. 60.00 against 52 week High/Low of Rs. 109/42, FV Rs. 10.
Financial Weekly

INVESTMENT
Ambika Cotton (BSE Code: 531978) :- This cotton textile company

has posted net profit of Rs. 45.05 crore on a turnover of Rs. 426.08 crore for 3Qs of FY18 against
net profit of Rs. 41.70 crore on a turnover of Rs. 386.53 crore for the corresponding previous period.
For FY17 it posted net profit of Rs. 55.65 crore on a turnover of Rs. 529.39 crore. As on 31.12.17 it's
paid up equity capital of Rs. 5.73 crore is supported by free reserves of Rs. 410 crore plus. Scrip
may be considered for medium to long term investment. It currently quotes around Rs. 1273.25
against 52 week High/Low of Rs.1857/1215, FV Rs. 10.
DISCLAIMER : No financial information whatsoever published anywhere here should be con-
strued as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter
published here is purely for educational and information purposes only and under no circumstances
should be used for making investment decisions. Readers must consult a qualified financial advi-
sor prior to making any actual investment decisions, based on information published here. Any
reader taking decisions based on any information published here does so entirely at own risk.
Above information is based on the details available as on the date along with market perceptions.
Author has not traded in above three stocks mentioned in Scrip Watch during last one month and
has no holdings or plans to invest in any scrip referred above.
(THE AUTHOUR IS SEBI REGISTERED RESEARCH ANALYST) (Email:
dilip_davda@rediffmail.com )
Nifty & Sensex Movement during the last week

NSE - Nifty Open High Low Close Diff
19-Mar-18 10215.35 10224.55 10075.3 10094.25 -100.9
20-Mar-18 10051.55 10155.65 10049.1 10124.35 30.1
21-Mar-18 10181.95 10227.3 10132.95 10155.25 30.9
22-Mar-18 10167.5 10207.85 10105.4 10114.75 -40.5
23-Mar-18 9968.8 10027.7 9951.9 9998.05 -116.7
Net Weekly Loss -197.1
Sensex Open High Low Close Diff
19/03/18 33,268.97 33,275.79 32,856.54 32,923.12 -252.88
20/03/18 32,876.48 33,102.74 32,810.86 32,996.76 73.64
21/03/18 33,090.82 33,354.93 33,070.53 33,136.18 139.42
22/03/18 33,206.99 33,281.77 32,963.31 33,006.27 -129.91
23/03/18 32,650.89 32,720.03 32,483.84 32,596.54 -409.73
Net Weekly Loss -579.46
Financial Weekly

INVESTMENT
Scrip Watch - Dilip K. Shah
Aurobindo Pharma (Rs. 550.00) (Code : 524804) (F. V. : 1.00) : Aurobindo

Pharma stock has seen almost free fall in last three months. The stock has fallen Rs.683 to Rs.550
in last three months. USFDA is the only worry for the company. It has given number of observations
which must be resolved by the company. After nine observations made, USFDA officials found a
'large female mosquito' in a facility of Aurobindo Pharma during inspection, which, according to
them, was not 'free of infestation by rodents and other insects'. Unit IV is a sterile injectables unit
and as the name suggests, the standards expected of an injectables unit are higher than an oral
formulations unit. Products made at such facilities also earn relatively higher margins, since there
are fewer injectable units compared to those that make oral solids. Coming to the observations
themselves, they pertain to cleanliness and maintenance of equipment, infestation in the building,
equipment used not being of proper design, lack of training among employees, laboratory control
mechanism not being followed and appropriate controls over computers not being maintained. So,
these are not major worry for the company and it will sort out. It is a good opportunity to enter into
this counter. After steep decline, the stock looks a good buy.
Supreme Industries (Rs. 1186.00) (Code : 509930) (F. V. : 2.00) : The
Supreme Industries Limited is engaged in the manufacturing of plastic products. The Com-
pany operates in two segments: Plastics and Construction. By focusing on high margin
value-added products, Supreme has demonstrated its ability to maintain gross margin at
higher levels (around 35% over the last decade). Supreme will also benefit from initiatives
like housing for all, doubling farm income, increased spending on irrigation, water supply,
etc. The company is expected to report double-digit volume growth due to market share gain
from unorganised players and low base of last year. Supreme is also increasing capacity. In
addition to increasing its capacity in its Khopoli plant near Mumbai, it is also planning new
capacities in Telengana and Assam.The opportunity emerging from other plastic products
like piping and packaging is huge.
Cummins India (Rs. 732.00) (Code : 500480) (F. V. : 2.00) : The Cummins
India stock recorded 12 per cent fall in the last month on margin pressures and cut in
revenue growth guidance for 2017-18. The cut in revenue growth guidance to 0-5 per cent
from 5-10 per cent earlier was brought on by a 15 per cent decline in the high horsepower
segment in the domestic market and weak demand conditions in the key export markets of
West Asia and Africa.Even though, 2017-18 revenue growth is likely to be flattish, given
improvements in some segments, the company could see a 5-10 per cent growth in domes-
tic business in 2018-19. Domestic economy continues to grow largely in areas which are
positively benefited through continuing government investments in Infrastructure. In the
Powergen segment, HHP is showing signs of an uptick. Data centre, Metro and Large Com-
mercial Real estate are showing traction. Manufacturing and Residential real estate markets
are still weak; recovery in both these markets is important to return to growth of 12-15% in
Powergen market.Buy.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending • Stop loss is useful for Short
/ Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or
may not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
Financial Weekly

INVESTMENT
Market Tips - Dilip K. Shah
Shriram Pistons & Rings (Rs. 1469.00) (NSE) (F. V. : 10.00) : Shriram Pistons
& Rings is making pistons, piston rings, piston pins, and engine valves, and it is catering to practi-
cally all the automobiles whether you talk of passenger vehicle, commercial vehicle, two wheelers,
three wheelers, or tractors. In fact it has all the clienteles like Bajaj Auto, Hero MotoCorp, Ford,
TVS Motors, Escorts, JLR, Nissan, BMW, Maruti Suzuki, and all.This stock is only listed on the
NSE. Company is having an equity base of Rs 22 crore with a face value of Rs 10 of which the
promoter stake is just at 48 percent. However, two foreign collaborators which have been provid-
ing technology, are holding 41 percent stake in the company, both of them. So 48 percent pro-
moter, and 41 percent stake held by these two promoters makes about 89 percent. 4 percent shares
are held by LIC and National Insurance Company is holding 6.4 percent. The stock has corrected
from around Rs.1625 to Rs.1420 level in last one and half month. It is a good opportunity to enter
into this counter. Buy.
IPCA Laboratories (Rs. 661.00) (Code : 524494) (F. V. : 2.00) :- Ipca Labo-
ratories' stock is an outperformer in the pharmaceutical sector, gaining over 60 per cent in the last
six months. The street's confidence in the stock has increased because its plant remediation pro-
cess, which began in the 2015, is coming to an end. The company has also been reinstated as a
supplier for the Africa tender business. The firm, whose annual revenue has stagnated at Rs 30
billion over the last three years, after the US Food and Drug Administration (US FDA) ban in 2015,
is expected to witness a revival of its top line.Management has invited USFDA to revisit the three
facilities, which are banned to export drugs to the US since FY15. Unlike peers, IPCA completed
exhaustive remediation work, including re-modelling of facilities and deployed three consultants
for the same to get going. When most of the pharma stocks have corrected significantly, IPCA stock
has been outperformer in last six months. Buy.
Colgate Palmolive (Rs. 1035.00) (Code : 500830) (F. V. : 1.00) :- Fast
moving consumer goods (FMCG) major Colgate-Palmolive India has reported a rise of 33.50% in
its net profit at Rs170.65 crore for the third quarter ended December 2017 led by volume growth.The
company had posted a net profit of Rs127.82 crore in October-December period of the last year. Its
total income was up 4.01% to Rs1,042.36 crore during the quarter under review as against
Rs1,002.12 crore in the corresponding quarter of the last fiscal.Excluding the accounting impact of
GST implementation, net sales increased by 19 per cent over the previous year. Volume increased
by 12 per cent. Colgate-Palmolive’s total expense stood at Rs790.47 crore as against Rs811.33
crore, down 2.57% from the previous fiscal. The stock has been steady even in the falling market
which makes it a strong play. Buy.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
Financial Weekly

INVESTMENT
SMART TIPS Smita N. Zaveri
KRBL (Rs. 435.00) (Code: 530813) :- Shares of this packaged food producer are listed
in the B Group and have face value of Re. 1. The share touched a 52-week high of Rs. 673 and low
of Rs. 371. KRBL sells basmati rice under popular brand names such as Indiagate, Doon,
Noorjahan, Bemisal, Aarti, Lotus, Taj Mahal, and others. It is a leading producer and exporter of
rice. Its products are exported to 75 countries. Its basmati exports are growing at 24% annually,
and non-basmati exports at 188%. As a part of its diversification, KRBL is also focusing on health
food products such as brown rice and Quinoa. For December quarter, it reported consolidated
income of Rs. 784 crores, and profit of Rs. 123 crores. The Pabrai Investment Fund has recently
taken a large number of shares in the company. While its peers are trading at a PE multiple of 30,
shares of KRBL are quoting at 21 times the estimated earnings for the year, and are attractively
priced. Axis Direct has given a 'Buy' rating on the stock with a target price of Rs. 530.
Everest Industries (Rs. 463.00) (Code: 508906) :- The shares of this cement and
cement products company are listed in the B Group and have face value of Rs. 10. The shares
touched a 52-week high of Rs. 637 and low of Rs. 196. It has a range of products for roofing, ceiling
wall, and flooring, and also several steel building products. Building products segment accounts
for 65% of its total income. Having completed work on more than 2,200 pre engineered steel build-
ing design and erection, Everest is among the largest Pre Engineered Building company. For
2016-17, its income was Rs. 1,155 crores and profit Rs. 2.46 crores. For December quarter, in-
come was Rs. 290 crores and profit Rs. 9.34 crores. The stock can be seen crossing Rs. 500 in the
short term, and Rs. 600 in the medium to long term.
Arvind Ltd. (Rs. 379.00) (Code: 500101) :- Shares of Arvind Limited are listed in the
A group and have face-value of Rs. 10. The shares touched a 52-week high price of Rs. 477 and
low of Rs. 353. The Ahmedabad-based company owns world-class manufacturing facility. It has
strong presence in fabrics and garment segments. Last year, it had signed an agreement with
Calvin Klein for sales in India. It has forayed into non-woolen fabrics segment and is eyeing rev-
enue of Rs. 100 crores in three years. Some time ago, it signed agreement with famous American
brand Gap and other kids fashion brands for retailing them in India. For December 2017 quarter, it
reported consolidated income of Rs. 2,706 crores, and profit of Rs. 78.49 crores. Company has
reserves of Rs. 2,983 crores, and market cap of Rs. 9930 crores. The stock is a good pick for
medium to long term.
Incap Ltd. (Rs. 86.00) (Code: 517370) :- Shares of this other electrical equipment
segment company are listed in the XT Group and have face value of Rs. 10. The shares touched a
high of Rs. 132 and low of Rs. 28 in the last 52 weeks. Its products are used in consumer durable
segment, and it also produces polymer input for transmission and distribution lines. It also pro-
duces glass insulations. Some of its clients include BPL, V-Guard, Amara Raja, NTPC, and NHPC.
For 2016-17, it reported income of Rs. 28.57 crores and profit of Rs. 2.36 crores. For the nine
months ending December 2017, income surged 57% to Rs. 22.69 crores, while profit nearly doubled
to Rs. 2.18 crores. The share can be seen crossing Rs. 100 in the short term, and touching Rs. 150
in the medium to long term.
SEBI Registered Research Analyst)

* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on 23rd March 2018 unless
specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though, every care has been taken,
we will not responsible for any errors / omissions • All disputes are subject to Ahmedabad jurisdiction
Financial Weekly

INVESTMENT
Smart super duper - Dilip K. Shah
Gabriel (Rs137.00) (Code:505714) :- Auto ancillary sector is also gaining from the
momentum in auto manufacturing sector with higher sells. The company manufactures shock ab-
sorbers, front fork, struck and other products. Its clients include Bajaj Auto, Honda Motors, Mahindra
Scooters, Royal Enfield, Suzuki Motors, TVS Motors, Yamaha, Honda Car, Hyundai Motors, Tata
Motors and host of other small companies. As against equity of Rs14.37 crore the company has
reserves of Rs436 crore. The promoters hold 53.99% and public hold 46.01% stake in the com-
pany. In the first nine months, the company's income increased from Rs1125.03 crore to Rs1335.73
crore, while profit increased from Rs59.54 crore to Rs68.54 crore with EPS of Rs4.77. The stock
can be bought on every downward movement in price with long term view.
Ashok Leyland (Rs.142.00) (Code:500477) :- Commercial vehicle manufacturing
company has witness improvement in performance due to good monsoon and the government's
focus on agriculture sector. It is also getting orders in the defense sector. The company also gets
benefit of improvement in country's economy. The company stands at number 4 position in bus
manufacturing and at 12 position in truck manufacturing. It has presence in 50 countries. Its prod-
uct range includes bus, truck, engine, defense and specialty vehicles. It has nine plants including
at Great Britain and UAE. In December quarter, the company's registered net profit of Rs449.71
crore on income of Rs7113.16 crore with EPS of Rs1.54. The company's reserve is 19 times higher
than the equity. While in the first nine months, the company's income increased from Rs13014.11
crore to Rs17397.84 crore and profit increased from Rs771.07 crore to Rs895.20 crore. It expects
good orders from defense sector. It may cross Rs150 level.
Greenply Industries (Rs324.00) (Code:526797) :- It is the biggest interior infra-
structure company of the country with presence in 300+ cities and towns of 21 states. It accounts
30% market share in organized plywood and 30% in organized laminate market in the country. It
exports products in more than 100 countries. It is benefitted by GST. After demerger of Greenlam
Industries, the stock holders have got handsome returns. In 2017, the company's income increased
from Rs1657.67 crore to Rs1664 crore, while profit decreased from Rs127.69 crore to Rs125.44
crore. In December quarter, the company's income increased from Rs359.64 crore to Rs399.29
crore, while profit increased from Rs24 crore to Rs36.06 crore. It paid 60% dividend in 2016 and
2017. It may get benefitted from Smart City and Housing For All schemes. In this stock investment
at this level is advisable.
EIH (Rs159.00) (Code:500640) :- The company's market capital is Rs9088 crore. The
promoters hold 35.25% and public hold 64.75% stake. In this company, Reliance Industries Ltd
holds 18.53% and ITC hold 14.98% stake. As against equity of Rs114.31 crore, the company has
reserves of Rs2479.38 crore. In the first nine months, the company's income increased from Rs907.71
crore to Rs918.52 crore, while profit increased from Rs45.68 crore to Rs56.14 crore with EPS of
Rs0.98. It has strong brands like Oberoi, Trident and Maiden Hotels. It also provides airport restau-
rant, flight catering and other services apart from hotel services. The stock has gone up from lower
level within a year, but it witness correction in line with the stock market. Reliance Mutual Funds
also holds considerable stake in it.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
Financial Weekly

INVESTMENT
Investment Ideas telegram.me/rupeegains7
NIFTY :- NEXT 15/20 days are golden days to buy growth oriented stocks… Global
markets had rallied a lot in the last 13-14 months. But from the beginning of 2018, we have
witnessed a sharp correction in global indices due to various reasons. Nifty too has fallen
10-11% in line with it's global counterparts, while some stocks have fallen as much as 30 to
60%! Certain set of people have lost half of their wealth who has invested around Budget.
We have continuously advised from January not to buy speculative stocks or without
fundamental stock! From that call, some stocks are down as much as 50-60% while Nifty is
down 11%. USA has begun a trade war which has jittered the global economy! As Trump is
rewriting "world order" it is necessary to be a cautious. Though global markets will be
volatile due to political and economic reasons, Indian markets offer attractive valuation in
fundamentally sound companies. We have seen major correction in last two months. It is
highly unlikely that strong companies will see another round of selling. Accumulation will
emerge. It is advisable to transfer your holdings in fundamentally proof stocks which are
available at attractive levels. As market is looking at Q4FY18 numbers, it is recommended
to look at growth stocks through which alpha can be generated. Though we might see time
viz correction but it's time to brave enough to accumulate stocks and ride this bull.
NIFTY :- For next week NIFTY has strong support around 9955 levels. Break will take
it to 9880-9820 levels. On the upper side NIFTY will face strong hurdle at 10065 levels,
cross over with volume and close above will create short covering at take NIFTY up to
10140 levels…
BANK NIFTY :- For next week BANK NIFTY has strong support around 23520 levels.
Break will take it to 23390-23225 levels. On the upper side BANK NIFTY will face strong
hurdle at 23940 levels, cross over with volume and close above will create short covering at
take BANK NIFTY up to 24175 levels…
As per astro techno view 26th March, 28th March, 2nd April, 6th April and 9th April are
very important turning dates for market.
To get free market related information join with my telegram ID "TELEGRAM.ME/
RUPEEGAINS7". Also inform your friends/relatives who are interested in stock market &
want to create wealth from stock market to join my telegram id "TELEGRAM.ME/
RUPEEGAINS7". For that in your mobile download app TELEGRAM & then in search type
RUPEEGAINS7 & then click on join.
RUPEEGAINS7 - CROSS ANOTHER MILESTONE 15001+ satisfied group members.
DON'T MISS OPPORTUNITY TO RESHAFAL YOUR PORTFOLIO & TO INVEST SYS-
TEMATICALLY IN DIPS DURING MARCH-APRIL, FOR GOOD RETURN IN NEXT 3-4
MONTHS. FOR FREE GUIDANCE, ONLY INVESTOR CAN CALL ME ON MY NON WHATS
APP NUMBER 9879526525 ONLY BETWEEN 5 PM TO 6 PM.
INVESTMENT IDEAS… :-
(1) PIX TRANSMISSIONS LTD (500333) (122) (Face Value Rs.10)
Incorporated in 1981, PIX Transmissions Ltd is the leading manufacturer of Belts and related mechani-
cal Power Transmission products in India. The Company features state-of-the-art Belt manufacturing
units as well as a completely automated Rubber Mixing facility in Nagpur. The company offers various
Cont....
Financial Weekly

INVESTMENT
industrial, textile, automotive, agricultural, lawn and garden, construction, hi-power rated, and special appli-
cation belts for various applications. It also provides a range of pulleys, bushes, couplings, and bespoke
products under the PIX-PowerWare brand name; and accessories, such as laser guided pulley alignment
tools, digital tension meters, belt length measurement products, analog tension testers, pulley gauges,
ploy-V belt wear gauges, belt cutting machines, and belt profile gauges, as well as service kits and drive
design software. The company has overseas subsidiary operations in Europe, and Middle-East, in addition
to over 250 committed Channel Partners in over 100 countries worldwide.
It has an equity base of just Rs.13.62crore that is supported by reserves of around Rs.151.33crore. The
Promoters hold 60.96% while the investing public holds 39.04% stake in the company. Its share book value
stood at Rs.121.07 and stock is available at P/BV ratio of just 1.10.
For 9MFY18, its net profit stood to Rs.10.65crore against Rs.10.74crore on higher sales of Rs.171.06crore
fetching an EPS of Rs.7.82.
Currently, the stock trades at a P/E of 10.7x. Its 52 week high rate is Rs.199 which was formed on 25th
January 2018. Stock almost corrected 40% from 52 week high.
Based on the above financial and performance parameters, the "PTL" share looks quite attractive at the
current level.
Everyone, whose financial advisor is allowing to trade in this stock for medium term can watch with a
stop loss of Rs.105.
Disclosures: At the time of writing this article, author, his clients & dependent family
members may have positions in the stocks mentioned above. The author, his firm, his clients
or any of his dependent family members may make purchases or sale of the securities
mentioned in website. Author may have positions in above stocks so have vested interest
obviously in their going up or down as the case may be.
Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable &
authenticated sources believed to be true & correct, and also is technical analysis based on
& conceived from charts. Investors should take their own decisions. We assume no respon-
sibility for any transactions undertaken by them. The author won't be liable or responsible for
any legal or financial losses made by anybody.
Financial Weekly

INVESTMENT
MARKET TREND NIKHIL BHATT

(+919979380808)
WWW.INVESTMENTPOINT.IN
PERIOD : 26-3-2018 to 30-3-2018
NIFTY FO RANGE @ 9870 TO 10101 POINT IN SHORT TERM…!!!

Trading Date on 26.03.2018 NIFTY FO CLOSED @ 10003 AS ON 23.03.2018
NIFTY FO has resistance at 10047 - 10073 Point; above which other resistance levels are at 10101 -
10133 Point with highly Volatile Trend,
In Downside support levels are at 9960 - 9933 Point; below 9933 Point, other support levels are at 9909
- 9870 Point.
I am positive for next bullish trend only above @ 10133 Point but be with the trend. Let the market decide
further moves. As we are saying from many days Buying is suggested in falls only...and it's still a better
strategy in the given Scenario...!!! Regarding Long term positions, it is preferable to remain cautious now...!!
If NIFTY FO crosses @ 10133 Point, again then the upper side target is quite high and it may touch @
10151 Point in short term...!!!
BANK NIFTY FO CLOSED @ 23680 AS ON 23.03.2017
BANK NIFTY FO Range @ 23505 TO 23880 Point In Short Term…!!!
BANK NIFTY FO has resistance at 23707 - 23770 Point; above which other resistance levels are at
23808 - 23880 Point with highly Volatile Trend,
In Downside support levels are at 23606 - 23530 Point; below 23530 Point, other support levels are at
23505 - 23440 Point.
I am positive for next bullish trend only above @ 23808 Point but be with the trend. Let the market decide
further moves. As we are saying from many days Buying is suggested in falls only...and it's still a better
strategy in the given Scenario...!!! Regarding Long term positions, it is preferable to remain cautious now...!!
If BANK NIFTY FO crosses @ 23808 Point, again then the upper side target is quite high and it may touch
@ 23880 Point in short term...!!
F&O Trading Calls For The - 26.03.2018
HDFC LTD Fo Closed @ Rs 1844 > Positive Trend @ 1830 With Stoploss Of Rs @ 1818 For The
Target Near @ Rs 1863 - 1873 In Short Term…..!!!
< HDFC LTD Fo Closed @ Rs 1793 > Positive Trend @ 1777 With Stoploss Of Rs @ 1770 For The
< LARSEN Fo Closed @ Rs 1266 > Positive Trend @ 1247 With Stoploss Of Rs @ 1212 For The
< KOTAK BANK Fo Closed @ Rs 1041 > Positive Trend @ 1027 With Stoploss Of Rs @ 1021 For
The Target Near @ Rs 1053 - 1060 In Short Term…..!!!
< HIND PETRO Fo Closed @ Rs 339 > Positive Trend @ 327 With Stoploss Of Rs @ 321 For The
< ACC LTD Fo Closed @ Rs 1530 > Negative Trend @ 1555 With Stoploss Of Rs @ 1573 For The
< ASIAN PAINTS Fo Closed @ Rs 1111 > Negative Trend @ 1133 With Stoploss Of Rs @ 1147 For
The Target Near @ Rs 1093 - 1088 In Short Term…..!!!
< YES BANK Fo Closed @ Rs 288 > Negative Trend @ 303 With Stoploss Of Rs @ 307 For The
< WIPRO LTD Fo Closed @ Rs 285 > Negative Trend @ 293 With Stoploss Of Rs @ 297 For The
< VEDL Fo Closed @ Rs 276 > Negative Trend @ 284 With Stoploss Of Rs @ 293 For The Target
Near @ Rs 270 - 263 In Short Term…..!!!
(Before Act Pl Refer Disclaimer On WWW.INVESTMENTPOINT.IN)
Financial Weekly

INVESTMENT
Soham Finstock
Telegram : t.me/sohamfinstock (M. : 9106458805) E : soham.finstock10@gmail.com
Ideal time to focus on quality stocks

ASTROVIEW : In smart investment and smart bonanza,it was clearly told that Nifty won't break
10,000 level.In case it breaks 10,000 level it will rapidly(within 1 to 2 days)bounce back positively.As
per astroview,it is because of the retrograde of mercury and jupiter.In addition,combination of mars
and saturn is in Sagittarius(from 26th March to 2nd May).As a result,Crude may rise to $75.
Following may be possible:
1)Chances of Earthquake/natural calamity/big accidents
2)Chances of Trade war at climax level
26th March 2018,there is combination of moon and rahu.It indicates grahanyog.Moon is power-
ful in its own house.Combination of sun,mercury and venus is in Pisces.Venus is powerful but
becomes combusted.Jupiter in Libra gets retrograde and transit in vishakha nakshatra charan 3.
Taking the above factors into consideration,if crude rises then Nifty may test 9700 level.
This is ideal time to buy quality stocks.We will be uploading quality stocks for short term to long
term regularly in our telegram channel(t.me/sohamfinstock and t.me/sohamfinstock111).In such
extremely volatile market,to be on safer side:
1)Avoid futures and options
2)Don't invest from borrowed money or loan amount
3)Keep strict stop loss while trading.(We know the importance of brake while driving)
4)Don't give your account to others to trade/invest.(It is better to sit on driving seat)
5)Avoid dabba trading
In past 2 months,many traders/investor's money has been wiped out completely in the
recent crash.Those who are clueless about how to recover old losses and people thinking
to invest/build your portfolio can contact on 9106458805.We will help you form strategies
based on your planetic position.
Key takeaways from the ongoing market crash : "There are no mistakes in life,only lessons
to be learnt"."Those who study others are wise but those who study themselves are
enlightened".Always do post analysis of your trades so that you can learn from your success/fail-
ure and try not to make the same mistake again.Because one cannot make the same mistake
twice,the second time you make a mistake it is no longer called a mistake, it becomes a choice.
Financial Weekly

INVESTMENT
Primary Market - Dilip K. Shah
In 140 years of history of Share Market Primary Market creates new record
It overshadows 2008 by raising Rs 82,5000 crore through IPO
More IPOs worth Rs14000 crore in pipeline
In the last phase of FY2017-18, in March-end intensity of IPOs increased drastically
This week two Mainboard IPOs - ICICI Sec and Lemon Tree are in the market
Including 7 NSE SME and 3 BSE SME total 10 SME issues are in the market
Bombay Super Seeds and Dhruv Cons' SME issues may open in the second week of April
Bharat Dynamics spoils market sentiment as it gets listed with 15% discount
Hind Aero gets poor response, LIC invested Rs2900 crore to save it from devolvement
Smart Investment's prediction that Bharat Dynamics, Hind Aero, Bhandan Bank,
Mishra Dhatu will get only 1 to 1.5 times subscription comes 100% true
MMP Ind's Rs84 crore NSE SME IPO will become the biggest ever issue on the platform
Rare Event in history of 140 years of Share Market :- Though the secondary market is
passing through a bad phase, the primary market doesn't seem to be affected by the same.
Now only a few days to go before the financial year 2017-18 comes to an end. However, this
year has made a new history in 140 years of the Share Market. Taking into consideration
IPOs worth Rs13900 crore in pipeline, the total money raised through IPOs in this current
financial year will touch Rs81500 crore, which is the first of its kind of event in the history of
Bombay stock market. This figure doesn't include fund raised through rights issues and
FPOs. If this amount is added then the total fund raised in the year will cross Rs1 lakh crore.
The rally in the mainboard has stopped but it has continued in the SME segment by end of
March. This week two mainboard issues and 10 SME issues are entering into the market.
* Mainboard IPOs :- During last week Bharat Dynamics IPO got listed, while Bandhan
Bank, Karda Construction, Hindustan Aeronautics, Mishra Dhatu Ltd and Sandhara Techno
have sailed through.
• Bharat Dynamics (541144) :- The issue with offer price of Rs428 got listed with 15%
discount at Rs360 and went up to Rs402.80 and down to Rs360 before closing at Rs390.70. It
may give good return in medium to long term.
• Bandhan Bank :- Out of total half a dozen issues that entered into the market only
Bandhan Bank issue has got good response.
Last 4 Year Balance Sheet

Subscription :- The issue got 38.36 times response in QIB,
Year Main Line SME 13.89 times in HNI and 1.20 times in retail taking overall sub-
(Rs. Cr.) IPOs IPOs scription to 14.63 times.
2017-18 80,000 1700
2016-17 28225 825 Allotment/Refund :- Allotment took place on March 19, Re-
2015-16 14500 311 fund on 22 and share were deposited on march 24. It is believed
2014-15 2769 250
Financial Weekly

INVESTMENT
Main - line IPO (Non SME)

Sr Company Issue Open Dt. Issue size Offer price Min. Rs. 1,00,00
Rs. 2,00,000 Listing Lead Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) App. Limit Limit Manager %
1. ICICI 22-3-2018 OFS : 7,72,49,508 519 to 520 28 Shares 168 Shares 364 Shares BSE BoA Mer. 45%
Securities 26-3-2018 Eq. Shares (F. V. Rs. 5) Rs. 14,560 Rs. 87,360 Rs. 1,89,280 NSE Citi Group Apply for
(Book Building) CLSA, Edel., Mid Term
IIFL,SBI Cap.
2. Lemon Tree 26-3-2018 18,54,70,400 54 to 56 265 Shares 1590 Shares 3445 Shares BSE Kotak,
Hotels 28-3-2018 Eq. Shares Rs. 14,840 Rs. 89,040 Rs. 1,92,920 NSE J. P. Morgan 32%
(Book Building) (Rs. 1038.68 Cr.) Yes Bank Risky Bet
IIFL,SBI Cap.
that two banks around 20,000 applica- Grey Market Premium

IPOs Offer Price Premium Kostak Price Subject to Sauda
tions have got rejected so full and firm
Name (Rs.) (Rs.) Min.Appl.(Rs.) (Confirm) (Rs.)
allotment has been given. Bandhan Bank 370 to 375 38 to 39 1300 --
Listing :- The issue may get listed Hind. Aero. 1215 to 1240 AT PAR
Karda Const. 175 to 180 14 to 15 200 --
on March 27 around Rs400. Sandhar Tech. 327 to 332 9 (Seller) -- --
• Hindustan Aeronautics :- The pub- Mishra Dhatu 87 to 90 AT PAR -- --
ICICI Sec. 519 to 520 AT PAR 250 --
lic sector company's issue got closed
Lemon Tree 54 to 56 AT PAR -- --
on March 20 with poor response of 0.99 Do not subscribe for IPO by just seeing premium price as it may change anytime
before listing : Subscribe only considering fundamental of the Companies
times. It got 1.76 times subscription in For latest grey market premium please check everyday
QIB, 0.03 times HNI, 0.39 times in re- www.smartinvestment.in
tail and 0.21 times in employee cat-
egory. It should be noted that LIC invested Rs2900 crore to save it from devolvement.
Allotment :- Allotment may be on March 26, refund on March 27 and share will be depos-
ited on march 27. As predicted by Smart Investment full and firm allotment will be given in
this issue.
Listing :- The issue may get listed on March 28 and likely to get listed on discounted rates
taking into consideration listing of Bharat Dynamics. It will be the last listing of FY2017-18.
• Karda Construction :- The mainboard issue got 2.54 times subscription with 1.53 times
in QIB, 3.44 times in HNI and 2.01 times in retail segment.
Allotment/Refund :- Allotment may be on March 26, refund on March 27 and share de-
posit on March 28. Allotment could be in ratio of 1.75, i.e. out of every 7 applicants four will
get 80 shares.
Listing :- the issue may get listed on March 2 around Rs195-200.
• Sandhar Technologies :- The issue got closed on March 21 with 6.19 times subscription
including 1.91 times in QIB, 0.12 times in HNI, 0.72 times in retail and 0.23 times in employee
categories.
Allotment/Refund :- Allotment may be on April 2, fund unblocking on April 3 and share
deposit on April 4. Full and firm allotment is expected.
Listing :- it may get listed on April 5 around Rs345 to 350.
Financial Weekly

INVESTMENT
NSE SME IPO

Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size %
1. Penta Gold 23-3-2018 36,00,000 Eq. 37 3000 Shares 30 %
Limited 27-3-2018 (Rs. 13.32 Cr.) (Rs. 1,11,000) Risky Bet
2. AVG 28-3-2018 30,90,000 Eq. 105 to 107 1200 Shares 37 %
Logistics 3-4-2018 (Rs. 33.06 Cr.) (Rs. 1,28,400) Apply for Mid Term
3. MMP 28-3-2018 45,00,000 Eq. 186 to 188 600 Shares 42 %
Industries 4-4-2018 (Rs. 84.60 Cr.) (Rs. 1,12,800) Apply for Short Term
4. Soni Soya 28-3-2018 18,00,000 Eq. 25 6000 Shares 36%
Products 4-4-2018 (Rs. 4.50 Cr.) (Rs. 1,50,000) Apply for Long Term
5. Vera 28-3-2018 13,35,000 Eq. 40 3000 Shares 27%
Synthetic 4-4-2018 (Rs. 5.24 Cr.) (Rs. 1,20,000) AVOID
6. S.S. Infra 28-3-2018 42,78,000 Eq. 37 to 40 3000 Shares 43%
Development 5-4-2018 (Rs. 17.11 Cr.) (Rs. 1,20,000) Apply for Short Term
7. Narmada 28-4-2018 23,40,000 Eq. 32 4000 Shares
NEXT WEEK
Agrobase 11-4-2018 (Rs. 7.48 Cr.) (Rs. 1,28,000)
BSE SME IPO

Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size %
1. Orissa Bengal 22-3-2018 55,64,000 Eq. 30 4000 Shares 38%
Carrier 26-3-2018 (Rs. 16.69 Cr.) (Rs. 1,20,000) Apply for Mid Term
2. Taylormade 22-3-2018 32,40,000 Eq. 35 4000 Shares 34%
Reneweables 27-3-2018 (Rs. 11.34 Cr.) (Rs. 1,40,000) Apply for Long Term
3. Deccan 28-3-2018 50,00,000 Eq. 81 to 90 1600 Shares 36%
Healthcare 4-4-2018 (Rs. 45 Cr.) (Rs. 1,44,000) Apply for Mid Term
4. Dhruv 43,00,000 Eq.
Next Week
Consultancy
• Mishra Dhatu :- The issue closed on March 23 with 1.21 times subscription including
1.96 times in QIB, 0.12 times in HNI, 0.72 times in retail and 0.26 times in employee catego-
ries.
• ICICI Securities :- The issue with price band of Rs515 to Rs520 opened on March 22 and
will close on March 26. It got 0.36 times subscription on day 2 including 0.54 times in QIB,
0.05 times in HNI and 0.39 times in retail and 0.16 times in other categories. Full and firm
allotment is expected.
It may get one times subscription and share may get listed around Rs500 to 525.
• Lemon Tree Hotels :- The issue with offer price of Rs54 to 56 will open on March 26 and
close on march 28. The company has been making losses continuously and the valuation is
also on higher side. Therefore, it may get average response by the investors. Full and firm
allotment is expected in this issue. It may slip in discount on listing considering the present
situation in the market. More detail are given in the separate box.
SME IPOs :- 10 SME issues are entering into the market this week of which only Narmada
Agrobase' details are given in this column and rest is given in separate box.
NSE SME IPOs :- This week Penta Gold, Avt Logistics, MMP Industries, Soni Soya Prod-
ucts, Vera Synthetics, SS Infra Development, Narmada Agrobase will enter into the market.
Financial Weekly

INVESTMENT
Lemon Tree IPO may be a risky affair as the company is making continuous losses
Hindustan Aero listing on March 28 will be the last listing of the financial year 2017-18
How and when will be allotment and listing in Hind Aero, Bandhan Bank, Karda and Sandhar?
NSE SME Emerge Platform to witness entry of 7 IPOs on March 28
Attraction fades out in SME IPO: 7 IPOs got only 1 to 1.5 times subscription
Penta Gold IPO in trouble once again: only one bid on day one
Out of Four Issues three issues got listed with premium on SME platform
It should be noted that except

Tentative Timetable for Main Line IPOs
Tentative Bandhan Hindustan Karda Sandhara
Penta Gold all the issues will en- Bank Aeronautics Construction Technologies
Issue Closes 15-3-2018 20-3-2018 21-3-2018 26-3-2018
ter into the market on March 28. Finalisation of Basis of Allotment19-3-2018 26-3-2018 26-3-2018 2-4-2018
BSE SME IPOs :- Three SME Refund/Unblocking of Fund from ASBA 22-3-2018 27-3-2018 27-3-2018 3-4-2018
Credit of Eq. Shares to Demat A/c.26-3-2018 27-3-2018 28-3-2018 4-4-2018
IPOs will open this week. Orissa Listing on BSE / NSE 27-3-2018 28-3-2018 2-4-2018 5-4-2018
Bengal Carrier and Tayloremade Subscription Figures of SME IPO (Dt. 23-3-2018)
IPO Listing Day Subscribed
Renewables will open on March 22 and Urvi T & Wedge NSE SME Issue Closed on 20-3-2018 1.14x
close on March 26 and March 27 respec- Yasho Industries BSE SME Issue Closed on 21-3-2018 1.05x
Mittal Life Style NSE SME Issue Closed on 21-3-2018 1.39x
tively. Deccan HC's issue will open on Giriraj Civil Developers NSE SME Issue Closed on 21-3-2018 1.10x
Benara Bearings BSE SME Issue Closed on 22-3-2018 1.80x
March 28 and close on March 4. Continental Seeds NSE SME Issue Closed on 23-3-2018 1.39x
Last week SME IPO subscription :- Kapstone Facilities NSE SME Issue Closed on 23-3-2018 1.14x
Orissa Bengal BSE SME 2nd Day Subscribed 0.38x
Urvi T& Wedge Lamp, Yasho Industries, Taylormade Ren. BSE SME 2nd Day Subscribed 0.07x
Penta Gold NSE SME 1st Day Subscribed 0.00x
Mittal Life, Giriraj Civil, Continental Seeds,
Kapston got 1 to 1.39 times subscription and closed. Orrisa Bengal got 0.38 times subscrip-
tion on second day, Tayloremade got 0.07 times on second day and Penta Gold did not got
even a single bid on first day.
SME IPO Listings :- BSE SME IPO of Shreeshay Engineers got listed with premiums on
March 21 and closed at premium rates. Tarachand Logistics got listed with discount and
closed in discount.
Marvel Décor NSE SME IPO got listed on march 22 with premium and is trading above
offer price.
MacPower CNC NSE SME IPO got listed on March 22 with 12.5% premium and is being
quoted at premiums.
Listing Information of SME & Main Line IPOs

Co. Name BSE Listing Offer Listing Listing Listing Listing CMP
Code Date Price Price Day Day Day 23-3-18
(Rs.) (Rs.) High Low Close
Bharat Dynamics 541143 23-3-18 428 360 402.8 360 390.7 390.00
Shreeshay Engineers 541112 21-03-18 13 15.25 15.25 15.05 15.23 15.25
Tara Chand Logistics NSE SME 23-03-18 55 49 56.05 47.7 49.05 49.40
Marvel Décor NSE SME 22-03-18 57 57.75 59 51 57.85 59.00
Macpower CNC Machines NSE SME 22-03-18 140 149 164.95 140 162.05 150.90
Financial Weekly

INVESTMENT
GREY MARKET MOVEMENT

Smart Investment's prediction that Bharat Dynamics, Bandhan Bank, Mishra
Dhatu and Hind Aero will give
full and firm allotment turns out 100% true
Market sentiment spoiled due to poor listing of Bharat Dynamics
Fancy increases in Bandhan Bank issue due to rejection of 20,000 applications
Karda Construction premiums strong, while Sandhar in seller circuit
Apprehension of discounted listing of Lemon Tree, ICICI Sec and PSU IPO turns operators inactive
SME IPOs of AVG Log, MMP INd, SS Infra may have witness huge deals in subject to category
Market sentiments have spoiled due to poor listing of Bharat Dynamics, so hardly anyone is interested
in Hindustan Aeronautics, Mishra Dhatu deals. Premiums are crumbling in ICICI Sec due to poor re-
sponse. Full and firm allotment prediction of Smart Investment in Bharat Dynamics, Hindustan Aeronau-
tics, Bandhan Bank, Mishra Dhatu IPOs turn 100% true.
Grey market is active only in Bandhan Bank issue due to rejection of around 20,000 applications of two
leading banks. The fund was blocked through ASBA but applications were rejected. It is believed that the
retail applicants were to quote Rs15000 but they quoted Rs14800 so forms got rejected.
So the investors who indulged short selling may be in trouble so the subject to rates have spurt from
Rs900 to Rs1300 and premiums have spurt to reach around 38-39.
It is believed that Sandhar is in seller circuit of Rs9 and Karda Construction premiums are around Rs14-
15. Lemon Tree is expected to get listed on discount so no deals are taking place.
In SME Segment, AVG Logistics, MMP, Orrisa Bengal and SS Infra believed to have witnessed huge
deals.
Subscription Figures of
ICICI Securities Sandhara Technologies IPO
Retailers may apply No. Shares Issue Subscribed
Shares Amt. Shares Amt. Offered/ 19-3-18 20-3-18 21-3-18
28 14,560 196 1,01,920 Reserved
56 29,120 224 1,16,480 QIBs 30,85,505 0.00x 0.89 14.49x
252 1,31,040 HN I 23,36,147 0.01x 0.08x 6.39x
84 43,680 280 1,45,600
R eta il 54,51,009 0.10x 0.27x 1.42x
112 58,240 308 1,60,160 Total 1,08,72,661 0.05x 0.40 6.19x
140 72,800 336 1,74,720
168 87,360 364 1,89,280
Subscription Figures of
Lemon Tree Hindustan Aeronautics Subscription Figures of
Retailers may apply No. Shares Issue Subscribed Mishra Dhatu Nigam IPO
Shares Amt. Shares Amt. No. Shares No. Shares Issue Subscribed
265 14,840 1855 1,03,880 Offered/Res. 16-3-18 19-3-18 20-3-18 Offered/ 21-3-18 22-3-18 23-3-18
530 29,680 2120 1,18,720 QIBs 1,67,19,374 0.43x 0.77x 1.73x Reserved
2385 1,33,560
795 44,520 2650 1,48,400 HN I 50,15,813 0.01x 0.01x 0.03x QIBs 2,34,17,500 0.46x 1.09x 1.96x
1060 59,360 2915 1,63,240 R eta il 1,17,03,563 0.07x 0.20x 0.39x HN I 70,25,250 0.00 0.01x 0.12x
1325 74,200 3180 1,78,080 Emp. 6,68,775 0.03x 0.11x 0.21x R eta il1,63,92,250 0.11x 0.31x 0.72x
1590 89,040 3445 1,92,920 Total 3,41,07,525 0.24x 0.45x 0.99x Emp. 18,73,400 0.03x 0.12x 0.26x
Total 4,87,08,400 0.26x 0.64x 1.21x
Subscription Figures of Subscription Figures of
ICICI Securities IPO Karda Construction IPO Subscription Figures of
No. Shares Issue Subscribed No. Shares Issue Subscribed Bandhan Bank IPO
Offered/ 22-3-18 23-3-18 No. Shares No. Shares Issue Subscribed
Reserved Offered/ 16-3-18 19-3-18 20-3-18 21-3-18 Offered/ 15-3-18 16-3-18 19-3-18
QIBs 22016111 0.49x 0.54x Reserved Reserved
HN I 11008054 0.04x 0.05x QIBs 4,30,000 1.05x 1.55x 1.55x 1.55x QIBs 2,38,56,099 1.26x 2.33x 38.67x
R eta il 7338703 0.22x 0.39x HN I 17,20,000 2.07x 2.16x 2.17x 3.44x HN I 1,78,92,075 0.01x 0.24x 13.89x
S.Hold. 3862475 0.09x 0.16x R eta il 21,50,000 0.10x 0.46x 0.78x 2.01x R eta il4,17,48,173 0.12x 0.33x 1.20x
Total 44225343 0.29x 0.36x Total 43,00,000 0.98x 1.25x 1.44x 2.54x Total 8,34,96,347 0.42x 0.88x 14.63x
Financial Weekly

INVESTMENT
LEMON TREE IPO OPENS

on March 26 & Closes on March 28, 2018
Price Band Rs. 54 to 56; Listing on BSE - NSE
Considering loss making company with negative earnings & PE
As well as huge carried forward losses, it's a risky bet
Lemon Tree Hotels Ltd. (LTHL) is India's largest hotel chain in the mid-priced hotel sector,
and the third largest overall, on the basis of controlling interest in owned and leased rooms, as of
June 30, 2017, The company opened our first hotel with 49 rooms in May 2004 and as on
31.01.2018 it had 4,697 rooms in 45 hotels (including managed hotels) across 28 cities in India.
On the said date it has 662992 members in loyalty program as "Lemon Tree Smiles" and the
number is continuously rising.
To provide exit to selling stakeholders and for listing benefits, LTHL is coming out with a
maiden IPO of 185479400 equity shares of Rs.10 each via book building route with a price band
of Rs. 54 - Rs. 56 to mobilize Rs. 1001.59 cr. - Rs. 1038.68 cr. (based on lower and upper price
bands). Entire issue is by way of Offer for Sale and thus no fund is going to the company. Issue
opens for subscription on 26.03.18 and will close on 28.03.18. Minimum application is to be
made for 265 shares and in multiples thereon, thereafter. Post allotment, shares will be listed on
BSE and NSE. BRLMs to this issue are Kotak Mahindra Capital Co. Ltd., CLSA India Pvt. Ltd.,
J P Morgan India Pvt. Ltd. and Yes Securities (India) Ltd. Karvy Computershare Pvt. Ltd. is the
registrar to the issue. Issue constitutes 23.59% of the post issue paid up capital of the company.
Having raised initial equity at par, it raised further equity in the price range of Rs. 10.57 to Rs.
238 per share and has also issued bonus shares in the ratio of2 for 1 (August 2006), 2 for 1 (April
2014) and 1 for 1 (March 2015), Post issue it's paid up equity capital remains same at Rs. 786.41
crore as it is having a secondary issue. Average cost of acquisition of shares by the promoters is
Rs. 11.74 and Rs. 36.07 per share and for selling stakeholders it is ranging from Rs. 4.17 to Rs.
17.18 per share.
Financial Perforamnce :- On performance front, LTHL has (on a consolidated basis) posted
turnover/net profits of Rs. 222.96 cr. / Rs. - (39.31) cr. (FY14), Rs. 291.58 cr. / Rs. - (63.23) cr.
(FY15), Rs. 370.07 cr. / Rs. - (29.80) cr. (FY16) and Rs. 418.14 cr. / Rs. - (7.17) cr. (FY17). For
first nine months of the current fiscal, it has earned net profit of Rs.2.85 cr. on a turnover of
Rs.352.88 cr. Thus it is in the process of turning the corner. For last three fiscals it has posted an
average EPS of Rs. - (0.30) and an average RoNW of - (1.89) %. Issue is priced at a P/BV of 3.58
on the basis of its NAV of Rs. 15.66 as on 31.12.17 (consolidated). Its listed peers The Indian
Hotels and EIH Ltd. are trading at a P/E of 130 and 88 respectively. (as on 19.03.18). Thus on
prima facie it is a loss making hotel chain as per laymen.
BRLM's Performance :- On BRLM's front, 4 merchant bankers associated with this issue
have handled 36 public issues in the past three years, out of which 12 issues closed below offer
price on listing date.
Recommendation : - Its loss making company having negative earnings & Negative PE. It
has huge carried forward losses which will take long time to come on breakeven point. Under
the circumstances it's a risky IPO for small investor.
Financial Weekly

INVESTMENT
ORISSA BENGAL CARRIER IPO

Opens on March 22, & Closes on March 26, 2018
Offer price fixed at Rs. 30 ; Listing on BSE SME Platform
Considering good fundamentals, reasonable pricing &
future prospectus ; Apply in this IPO for Mid term
Orissa Bengal Carrier Ltd. (OBCL) is one of the IBA approved transporter having ISO 9001:2015
certification for provision of Quality Management System Service. It provides logistics to a broad
range of industries including steel, coal, aluminum, cement, petrochemicals, paper, mable, tiles,
infra, textile, FMCG etc. Services include full truck load, parcel and part truck load/ less then
truck load. However, it largely focuses on full truck load segment. It currently has 45 branches
spread across various regions in India and serves over 200 customers. It owns 93 vehicles and
also takes on hire vehicles when need be.
To part finance its working capital and general corpus fund needs, OBCL is coming out with
a maiden IPO of 5564000 equity shares of Rs. 10 each at a fixed price of Rs. 30 per share to
mobilize Rs. 16.69 cr. Issue opens for subscription on 22.03.18 and will close on 26.03.18.
Minimum application is to be made for 4000 shares and in multiples thereon, thereafter. Post
allotment shares will be listed on BSE SME. Issue is solely lead managed by Guiness Corpo-
rate Advisors Pvt. Ltd. and Bigshare Services Pvt. Ltd. is the registrar to the issue. Issue consti-
tutes 26.39% of the post issue paid up capital of the company. It has also issued bonus shares in
the ratio of 8 shares for every 1 share held in February 2018. Average cost of acquisition of
shares by the promoters is Rs. 1.26, Rs. 1.73 and Rs. 1.89 per share. Post issue, its current paid
up equity capital of Rs. 15.52 cr. will stand enhanced to Rs. 21.08 cr.
Financial Performance :- On performance front, OBCL has posted revenue/net profits of Rs.
185.19 cr. / Rs. 0.20 cr. (FY14), Rs. 206.50 cr. / Rs. 0.92 cr. (FY15), Rs. 220.56 cr. / Rs. 1.82 cr.
(FY16) and Rs. 213.00 cr. / Rs. 3.95 cr. (FY17). For first half of the current fiscal, it has earned net
profit of Rs. 3.51 cr. on revenue of Rs. 164.00 cr. For last three fiscals it has posted an average
EPS of Rs. 15.88 and an average RoNW of 10.24% on an equity base of Rs. 1.72 cr. Issue is
priced at a P/BV of 1.31 on the basis of its post issue NAV of Rs. 22.92. If we annualize latest
earnings and attribute it on fully diluted post issue equity then asking price is at a P/E of around
9 against industry average of 29. It has shown its listed peers as Tiger Logistics, VRL Logistics
and Chartered Logistics who are current trading at a P/E of around 19, 39 and 15 respectively
(as on 16.03.18). Thus issue appears reasonably priced.
BRLM's Performance :- On merchant banker's front, this is the 25th mandate from its stable
in last three fiscals. Out of last 10 listings, 1 opened at discount to offer price, 1 at par and the rest
eight with a premium ranging from 2.6% to 25% on the day of listing.
Financial Weekly

INVESTMENT
TAYLORMADE RENEWABLES IPO

Opens on March 22 & Closes on 27, 2018
Offer price fixed at Rs. 35 ; Listing on BSE - SME platform
Considering improvement in performance &
Government focus on this sector
Investor may apply for long term
Taylormade Renewables Ltd. (TRL) is primarily engaged in providing renewable energy so-
lutions. Its specialization is in manufacturing of Solar Parabolic Concentrating Systems for steam
generation used in steam cooking and other industrial application, direct or in-direct heating,
including solar air-conditioning, and solar space heating, solar drying, solar waste water evapo-
ration and many more applications requiring thermal energy.
To part finance its working capital and general corpus fund needs, TRL is coming out with a
maiden IPO of 3240000 equity shares of Rs. 10 each at a fixed price of Rs. 35 per share to
mobilize Rs. 11.34 crore. Issue opens for subscription on 22.03.17 and will close on 27.03.17.
allotment shares will be listed on BSE SME. Issue is solely lead managed by Guiness Capital
Advisors Pvt. Ltd. and Bigshare Services Pvt. Ltd. is the registrar to the issue. Issue constitutes
32.98% of the post issue paid up capital of the company. It has also issued bonus shares in the
ratio of 0.37 to 1 (October 2017) and 2 for 1 (January 2018). Average cost of acquisition of
shares by the promoters is Rs. 7.73, Rs. 11.27 and Rs. 11.52 per share. Post issue, its current
paid up equity capital of Rs. 6.58 will stand enhanced to Rs. 9.82 cr.
Financial Performance :- On performance front, TRL has ported turnover/net profits of Rs.
2.45 cr. / Rs. 0.03 cr. (FY14), Rs. 8.41 cr. / Rs. 0.03 cr. (FY15), Rs. 12.11 cr. / Rs. 0.07 cr. (FY16)
and Rs. 18.19 cr. / Rs. 0.45 cr. (FY17). For first nine months of the current fiscal, it has earned net
profit of Rs. 1.29 cr. on a turnover of Rs.18.97 cr. For all these fiscals while top line has shown
remarkable growth, bottom line remained static and under pressure till FY15. For last three fiscals
it has posted an average EPS of Rs.4.17 and an average RoNW of 26.51%. Issue is priced at a
P/BV of 1.03 on the basis of its NAV of Rs. 34.10 as on 31.12.17 and at a P/BV of 1.83 on the
basis of its post issue NAV of Rs. 19.17. If we annualize latest earnings and attribute it on fully
diluted equity post issue, then asking price is at a P/E of around 20.It has no listed peers to
compare with.
BRLM's Performance : - On merchant banker's front, this is the 26th mandate from its stable
Recommendation : Considering government focus on this sector, Improving in financial per-
formance, investor may apply in this IPO for long term.
Financial Weekly

INVESTMENT
DECCAN HEALTH BSE SME IPO

Opens on March 28 & Closes on April 4, 2016
Price Band Rs. 81 to 90 l; Listing on BSE - SME Platform
Considering turn around result, good profit margins and
Reasonable offer price one can apply for mid term
Deccan Health Care Ltd. (DHCL) is into developing, manufacturing and marketing a broad range of
healthcare products including nutraceutical, cosmeceutical and ayurveda products and is known for
premium range of products in all these categories. It has identified over 50 consumer wellness goals and
over 200 diseases, disorders, disabilities It has PAN India presence with over 140 distributors and 5000
marketing agents. It has also entered into 2 distributorship agreements with foreign distributors situated
in Kenya and Tanzania. DHCL's products are marketed under brand names like "Stay Wow", "Be Young",
"My Nutridecc", "Pharma Decc" and "Stay Young".
To part finance repayment/prepayment of certain debts, purchase of plant and machinery and related
civil work, working capital and general corpus fund needs, DHCL is coming out with a maiden IPO of
5000000 equity shares of Rs. 10 each by way of book building route with a price band of Rs. 81-90 per
share to mobilize Rs. 40.50 cr. to Rs. 45.00 cr. (based on lower and upper price bands). Issue com-
prises of fresh equity issue of 3000000 shares and offer for sale (OFS) of 2000000 shares. Issue opens
for subscription on 28.03.18 and will close on 04.04.18. Minimum application is to be made for 1600
shares and in multiples thereon, thereafter. Post allotment, shares will be listed on BSE SME. Issue is
solely lead managed by Pantomath Capital Advisors Pvt. Ltd. and Bigshare Services Pvt. Ltd. is the
registrar to the issue. Issue constitutues 31.38% of the post issue paid up capital of the company. It has
also issued bonus shares in the ratio of 1 for 1 in January 2002. Average cost of acquisition of shares by
the promoters is Rs. 0.11 per share. Post issue, its current paid up equity capital of Rs. 12.93 cr. will
stand enhanced to Rs.15.93 cr.
Financial Performance :- On performance front, DHCL has posted turnover/net profits of Rs. 7.05
cr. / Rs. - (5.43) cr. (FY14), Rs. 9.20 cr. / Rs. - (1.09) cr. (FY15), Rs. 17.24 cr. / Rs. 5.07 cr. (FY16) and
Rs. 29.45 cr. / Rs. 9.49 cr. (FY17). For the first half of current fiscal, it has earned net profit of Rs. 5.96
cr. on a turnover of Rs. 20.09 cr. For last three fiscals, it has posted an average EPS of Rs. 6.95 and an
average RoNW of 23.33%. Issue is priced at a P/BV of 3.13 on the basis of its NAV of Rs.28.78 as on
30.09.17. If we annualize latest earnings and attribute it on fully diluted equity post issue, then asking
price is at a P/E of 12 plus against its listed peer Zydus Wellness that is trading at a P/E of around 36 (as
on 22.03.18 closing on BSE).
BRLM's Performance : - On merchant banker's front, this is 68th mandate from its stable in last
three fiscals. Out of last 10 listings, 8 with a premium ranging from 4% to 20% and 1 (main board issue)
with a premium of 130% on the offer price on the day of listing.
Recommendation :- Considering turn around results from FY 16, there after good profit margins &
reasonable offer price one can apply for medium term.
Financial Weekly

INVESTMENT
PENTA GOLD IPO NSE SME

Opens on March 23 & Closes on March 27, 2018
Offer price fixed at Rs. 37; Listing on NSE - SME Emerge
This IPO was withdrawn in Setp. 2017 l Top line decreasing
Considering bad sentiment of sector
it's a Risky IPO for investors
Penta Gold Ltd. (PGL) is a retailer, wholesaler and exporter of gold jewellery. It has a retail
outlet in Mumbai. PGL primarily sell gold jewellery i.e. Chains, Rings, Bangles, Necklace,
Mangalsutra, Bracelet, Earrings and other jewellery studded or non-studded with pearls, dia-
monds, American diamonds and other precious stones.
To part finance its working capital and general corpus fund needs, PGL is coming out with a
maiden IPO of 3600000 equity shares of Rs. 10 each at a fixed price of Rs.37 per share to
allotment shares will be listed on NSE SME Emerge. Issue is solely lead managed by Inventure
Merchant Banker Services Pvt. Ltd. and Karvy Computershare Pvt. Ltd. is the registrar to the
issue. Issue constitutes 28.29% of the post issue paid up capital of the company. Having raised
initial equity at par, it raised further equity in the price range of Rs. 40 and Rs. 50 per share and
has also issued bonus shares in the ratio of 1 for 1 in December 2016. Average cost of acquisi-
tion of shares by the promoters is Rs. 9.59 per share. Post issue, its current paid up equity
capital of Rs. 9.13 cr. will stand enhanced to Rs. 12.73 cr.
This company earlier tried to mobilize funds in the month of September 2017 at a price of Rs.
35 per share, but withdrew its plan at that time. Issue that opened on 04.09.17 stood withdrawn
on 12.09.17. At that time we recommended to avoid this IPO
Financial Performance :- On performance front, PGL posted turnover/net profits of Rs. 838.26
cr. /Rs. 1.38 cr. (FY14), Rs. 250.02 cr. / Rs. 1.58 cr. (FY15), Rs. 244.92 cr. / Rs. 1.78 cr. (FY16)
and Rs. 237.58 cr. / Rs. 1.69 cr. (FY17). For first half of current fiscal, it has earned net profit of
Rs.1.31 cr. on a turnover of Rs. 110.48 crore which appears to be a window dressing before IPO.
For last three fiscals, it has posted an average EPS of Rs.1.92 and an average RoNW of 11.96%.
Issue is priced at a P/BV of 1.98 on the basis of its NAV of Rs.18.69 as on 30.09.17 and at a P/
BV of 1.62 on the basis of post issue NAV of Rs. 22.85. It has shown declining trends in top line
and marginal increase in bottom lines. If we annualize latest earnings and attribute it on fully
diluted equity post issue, then asking price is at a P/E of around 18. First half net profit is a bit
surprising one. It has shown DP Abhushan, Vaibhav Global and Renaissance as its peers that
are trading at a P/E of around 31, 59 and 18 respectively. (as on 20.03.18) and industry average
P/E is around 39.
BRLM's Performance :- On merchant banker's front, this is 7th mandate from its stable and
out of last 6 listings, 4 closed below the offer price and two with a marginal premium below 1%
on the day of listing (as per offer documents).
Recommendation: - Company entered with maiden IPO in Sept. 2017 but was withdrawn.
Top line is declining, first half year results are surprising, bad sentiments for Gems - Jewellry
Market due to scam. It's a risky IPO for investors.
Financial Weekly

INVESTMENT
AVG LOGISTICS NSE SME IPO

Opens on March 28 & Closes on April 03, 2018
Price band Rs. 105 to 107; Listing on NSE SME Emerge
Considering Strong track record &
reasonable offer price, Apply for Short term
AVG Logistics Ltd. (AVG) is an organized third-party logistics service operator offering logis-
tics solutions to a wide range of customers. It offers Full Truck Load (FTL) and "hub-and-spoke"
transportation model and warehousing services to select clients with pan-India distribution net-
work and automated technology systems. Its customers operate in various sectors across India,
including automotive and heavy engineering, telecom, food and agro, fast-moving consumer
goods ("FMCG"), paint and dairy.
To part finance setting up of warehouse facilities at Agartala, Tripura and Mysuru, working
capital and general corpus needs, AVG is coming out with a maiden IPO of 3090000 equity
shares of Rs. 10 each via book building route with a price band of Rs. 105 - Rs. 107 to mobilize
Rs. 32.45 cr. - Rs. 33.06 cr. (based on lower and upper price bands). Issue opens for subscrip-
tion on 28.03.18 and will close on 03.04.18. Minimum application is to be made for 1200 shares
and in multiples thereon, thereafter. Post allotment, shares will be listed on NSE SME Emerge.
Issue is solely lead managed by Systematix Corporate Services Ltd. and Link Intime India Pvt.
Ltd. is the registrar to the issue. Issue constitutes 30.01% of the post issue paid up capital of the
company. Average cost of acquisition of shares by the promoters is Rs. 5.88, Rs. 6.05 and Rs.
6.95per share. It has also issued bonus shares in the ratio of 10 for 7 in Februay 2018. Post
issue, its current paid up equity capital of Rs. 7.21 cr. will stand enhanced to Rs. 10.30 cr.
Financial Performance :- On performance front, AVG has posted turnover/net profits of Rs.
(FY16) and Rs. 194.386 cr. / Rs. 4.43 cr. (FY17). For first six months of the current fiscal, it has
earned net profit of Rs. 3.46 cr. on a turnover of Rs. 103.59 cr. Thus it has shown consistent
growth in top and bottom lines. For last three fiscals, it has posted an average EPS of Rs. 5.99
and an average RoNW of 21.76%. Issue is priced at a P/BV of 3.01 on the basis of its NAV of Rs.
35.55 as on 30.09.17 (on ex-bonus basis). If we annualize latest earnings and attribute it on fully
diluted post issue equity then asking price is at a P/E of around 16 against industry average of
45. It is considering Sicals Logi, Tiger Logi, Total Transport, VRL Logi and Snowman as its
listed peers that are trading at a P/E of around 33, 19, 11, 39 and -431 respectively (as on
21.03.18 on BSE/NSE). Thus issue pricing appears reasonable.
BRLM's Performance : - On merchant banker's front, this is the 3rd mandate from its stable
and out of last two listings, both opened at a premium to offer price ranging between 16 to 20%
on the day of listing.
Recommendation : - Considering consistent growth in Top-Bottom line & Reasonable offer
price, Investor may apply for short - term in this Issue.
Financial Weekly

INVESTMENT
MMP INDUSTRIES NSE SME IPO

Opens on 28th March & Closes on 4th April, 2018
Price Band Rs. 186 to 188 ; Listing on NSE SME Emerge
Considering strong track record, reasonable offer price,
Bright future of the sector, apply for short term in this issue
MMP Industries Ltd. (MMPIL) is engaged in manufacturing of aluminum products that includes
pyro and flake aluminum powders, atomized aluminum powders, aluminum pastes, aluminum
conductors (all aluminum, alloy aluminum and aluminum steel reinforced). Its Unit I and Unit IV
(NPM Industries) are engaged in the manufacturing of aforesaid Products, Unit III (Mars Indus-
tries) is engaged in the manufacturing of manganese oxide and di-oxide powders and Unit II
(H.M. Engineering) is engaged in job work of sheet metal components for Group Entity, Star
Circlips & Engineering Limited. Aluminum powders (pyro, flake and atomized) are used in many
industrial sectors like construction (AAC Blocks) and mining (Aluminized slurry explosives),
agriculture (pesticides), defense (ammunition), fire crackers, railways (Thermit portions) etc. Alu-
minum pastes are used in automotive, decorative and industrial paints. Aluminium Conductors
are consumed by the power sector for laying of overhead transmission lines.
To part finance setting up of new facilities for manufacturing atomized aluminium powder,
pyro and flake aluminium powder, aluminium foils, repayment/pre-payment of certain debts,
working capital and general corpus fund needs, MMPIL is coming out with a maiden IPO of
4500000 equity shares of Rs. 10 each via book building route with a price band of Rs. 186 - Rs.
188 to mobilize Rs.83.70 cr. - Rs. 84.60 cr. (based on lower and upper price bands). Issue opens
for subscription on 28.03.18 and will close on 04.04.18. Minimum application is to be made for
600 shares and in multiples thereon, thereafter. Post allotment, shares will be listed on NSE
SME Emerge. Issue is solely lead managed by Guiness Corporate Advisors Pvt. Ltd. and Bigshare
Services Pvt. Ltd. is the registrar to the issue. Issue constitutes 26.57% of the post issue paid up
capital of the company. Except for few shares at Rs. 45 per share in June 1995, it has raised all
other equity at par and has also issued bonus shares in the ratio of 1 for 1 (March 1993), 3 for2
(March 1994), 1 for 1 (March 1996) and 1 for 2 (Sept. 2017). Average cost of acquisition of
shares by the promoters is Rs. 6.12 per share. Post issue, its current paid up equity capital of Rs.
12.44 cr. will stand enhanced to Rs. 16.94 cr.
Financial Performance :- On performance front, MMPIL has posted turnover/net profits of Rs.
121.73 cr./ Rs. 2.51 cr. (FY14), Rs. 157.64 cr. / Rs. 3.71 cr. (FY15), Rs.181.21 cr. / Rs. 7.78 cr.
(FY16) and Rs. 203.93 cr. / Rs. 13.84 cr. (FY17). For the first half of the current fiscal, it has earned
net profit of Rs. 8.40 on a turnover of Rs. 105.56 cr. For last three fiscals, it has posted an average
EPS of Rs. 8.15 and an average RoNW of 28.04%. Issue is priced at a P/BV of 4.76 on the basis
of its NAV of Rs. 39.52 (standalone) as on 30.09.17. If we annualize latest (consolidated) working
and attribute it on fully diluted equity post issue, then asking price is at a P/E of around 20 against
industry average of 35. Based on these parameters, issue appears reasonably priced.
BRLM's Performance :- On merchant banker's front, this is the 27th mandate from its stable
Recommendation :- Considering strong track record, reasonable offer price & bright future,
one can apply for short term in this Issue.
Financial Weekly

INVESTMENT
SONI SOYA PRODUCTS NSE SME IPO

Opens on March 28 and closes on 4 April 2018
Offer price Rs. 25; Listing on NSE - SME Emerge
Considering continues improvement
In fundamentals, apply for long term
Soni Soya Products Ltd. (SSPL) is engaged in the business of processing and trading of
organic and Non- genetically modified organisms (non-GMO) agricultural products such as Soya,
Maize ( Corn), Wheat, Flax seeds and Mustard, Oil, Rice, Pulses, Herbs, Spices, and other
grains. It is registered with U.S. Food and Drug Administration pursuant to the Federal Food
Drug Cosmetic Act, SSPL's customer base is spread across the globe with presence in coun-
tries like Canada, Dubai, South Korea,Sri Lanka, United States of America. The majority of
sales revenues are through direct exports which contributed 97.71%, 82.05% and 67.84% re-
spectively to total sales revenue for the financial year ended March 31, 2015, 2016, and 2017
respectively.
To part finance its working capital and general corpus fund needs, SSPL is coming out with a
maiden IPO of 1800000 equity shares of Rs. 10 each with a fixed price of Rs. 25 per share to
allotment, shares will be listed on NSE SME Emerge. Issue constitutes 34.92% of the post issue
paid up capital of the company. Issue is solely lead managed by Pantomath Capital Advisors
Pvt. Ltd. and Bigshare Services Pvt. Ltd. is the registrar to the issue. It has also issued bonus
shares in the ratio of 15 for 1 in August 2017. Average cost of acquisition of shares by the pro-
moters is Rs. 10.13 and Rs. 10.34 per share. Post issue, SSPL's current paid up equity capital of
Rs. 3.36 cr. will stand enhanced to Rs. 5.16 cr.
Financial Performance :- On performance front, SSPL has posted turnover/net profits of Rs.
(FY17). For first half of current fiscal it has earned net profit of Rs. 0.75 cr. on a turnover of Rs.
35.22 cr. For last three fiscals it has posted an average EPS of Rs. 1.40 and an average RoNW
of 27.83%. Issue is priced at a P/BV of 1.51 on the basis of its NAV of Rs. 16.59 as on 30.09.17
and at a P/BV of 1.38 on the basis of its post issue NAV of Rs. 18.16. If we annualize latest
earnings and attribute it on fully diluted equity post issue, then asking price is at a P/E of around
9 against industry average of 24.
BRLM's Performance : - On merchant banker's front, this is 67th mandate from its stable in
last three fiscals. Out of last 10 listings, 7 with a premium ranging from 4% to 20% and 1 (main
board issue) with a premium of 130% on the offer price on the day of listing.
Recommendation : - Considering continues improvements in fundamentals & reasonable
offer price, one can apply for long term.
Financial Weekly

INVESTMENT
VERA SYNTHETICS NSE SME IPO

IPO Opens on 28th March & Closes on April 4, 2018
Offer price fixed at Rs. 40; Listing on NSE - SME Emerge
Considering in consistent performance, Negative PE,
RONW, High valuations better to avoid
Vera Synthetics Ltd. (VSL) is engaged in manufacturing of Fishing Nets, PP Yarns, PP/HDPE
Ropes, PP Twines and Niwar. Companies manufactures and markets its products under our
flagship brand "Sujlon" and are primarily used in fishing sector and other allied use thereon.Its
manufacturing facility is divided into two units namely Division I and Division II (both situated in
the same premises at Mamsa, Gujarat).
Currently it sells products either directly to traders/fishermen or through distribution network
in Gujarat, Maharashtra, Kerala, Karnataka, Andhra Pradesh, Punjab, Tamil Nadu, Haryana,
Uttar Pradesh, Delhi, Rajasthan, etc. It has recently ventured into export markets.
To part finance its working capital and general corpus fund needs, VSL is coming out with a
maiden IPO of 1335000 equity shares of Rs. 10 each with a fixed price of Rs. 40 per share to
allotment, shares will be listed on NSE SME Emerge. Issue is solely lead managed by Pantomath
Capital Advisors Pvt. Ltd. and Link Intime India Pvt. Ltd. is the registrar to the issue. Issue consti-
tutes 27.05% of the post issue paid up capital of the company. It has issued entire equity at par
and has also issued bonus shares in the ratio of 1 for 1 in October 2017. Average cost of acqui-
sition of shares by the promoters is Rs. 0.44 and Rs. 2.19 per share. Post issue, its current paid
up equity capital of Rs. 3.60 cr. will stand enhanced to Rs. 4.94 cr.
Financial Performance :- On performance front, VSL has posted turnover/net profits of Rs.
(FY16) and Rs.18.44 cr. / Rs.0.34 cr. (FY17). For first half of the current fiscal, it has incurred loss
of Rs.-(1.03) cr. on a turnover of Rs. 9.72 cr. Thus while it has inconsistency in performance with
declining trends in top line, it has posted huge loss for first half of the current fiscal, which might
wipe out last five years earnings. For last three fiscals, it has posted an average EPS of Rs.0.75
and an average RoNW of 5.81%. For first half, it has posted a negative EPS of Rs.-(2.86) and
negative RoNW - (27.25%). Issue is priced at a P/BV of 3.81 on the basis of NAV of Rs.10.51 as
on 30.09.17 and at a P/BV of 2.16 on the basis of its post issue NAV of Rs. 18.49. Due to
negative earnings, P/E will be negative. It has shown Garware Wall as its listed peer that is
trading at a P/E of around 21 (on BSE as on 21.03.18 closing).
Recommendation : - Considering inconsistent performance, declining trend in Top-line, Nega-
tive PE & RONW, high valuations, Investors may keep away from this Issue.
Financial Weekly

INVESTMENT
S. S. INFRA IPO NSE SME IPO

Opens on 28th March & Closes on 5th April, 2018
Price band Rs. 37 to 40; Listing on NSE SME Emerge
Considering huge orders, reasonable pricing,
Apply for short term
S S Infrastructure Development Consultants Ltd. (SSIDC) is engaged in the business of En-
gineering Consultancy and is an Integrated Infrastructure Development solution provider in In-
dia. Company provides Architectural Planning, Comprehensive Civil/Structural designs, Project
Management Consultancy, Repairs and Rehabilitation, Quality Management Systems through
well qualified teams and experienced promoters. SSIDC mainly participates in the tenders floated
by the Government authorities, corporate establishments and other business entities.
To part finance renovation of existing offices and opening of new branch office, purchase of
software and hardware, repayment of certain loans, working capital and general corpus fund
needs, SSIDC is coming out with a maiden IPO of 4278000 equity shares of Rs. 10 each via
book building route with a price band of Rs. 37 - Rs. 40 to mobilize Rs. 15.83 cr. to Rs. 17.11 cr.
(Based on lower and upper price bands). Issue opens for subscription on 28.03.18 and will
close on 05.04.18. Minimum application is to be made for 3000 shares and in multiples thereon,
thereafter. Post allotment, shares will be listed on NSE SME Emerge. Issue constitutes 30.19%
of the post issue paid up capital of the company. Having raised initial equity at par, it raised
further equity at a price of Rs. 14541 per share. It has also issued bonus shares in the ratio of
800 for 1 in September 2017. Average cost of acquisition of shares by promoters is Rs. 0.01 per
share. Post issue, its current paid up equity capital of Rs. 9.89 cr. will stand enhanced to Rs.
14.17 cr.
Financial Performance :- On performance front, SSIDC has posted revenue/net profits of
Rs. 18.55 cr. / Rs. 2.63 cr. (FY14), Rs. 28.31 cr. / Rs. 3.83 cr. (FY15), Rs. 26.62 cr. / Rs. 3.42 cr.
(FY16) and Rs.24.68 cr. / Rs. 3.80 cr. (FY17). However, for the first half it has earned net profit
of Rs. 2.80 cr. on revenue of Rs. 14.60 cr. indicating surge in top and bottom lines. As on
21.03.18 it has order book of Rs. 125 crore. Currently its revenue mix is Govt. v/s Private is
80:20 approx; which will transpire in 60:40 ratios going forward. For last three fiscals it has
posted an average EPS of Rs.4.60 and an average RoNW of 23.99%. Issue is priced at a P/
BV of 1.61 on the basis of its NAV of Rs. 24.80 as on 30.09.17. If we annualize latest earnings
and attribute it on fully diluted equity post issue, then asking price is at a P/E of around 10
against industry average of 67.
Recommendation : - Considering strong order booking, good track record & reasonable
offer price, investors may apply for short term, in this Issue.
Financial Weekly

INVESTMENT
Smart Best Buy S. N. Zaveri
Maruti hungry for growth: Ye Dil Maange More

Balkrishna Industries : Fundamentally strong company
Emami will rally on positive note from foreign brokerage
SBI Life Insurance : Good long term opportunity
EIL near its 52-week low level, Relatively safe bet
Maruti Suzuki (Rs. 8611.00) (Code : 532500) (F. V. : 5.00) : Car market leader
Maruti Suzuki is racing against time to fill gaps in its product portfolio as the auto major looks to
maintain its numero uno position in the world's fifth-largest market for automobiles. Sports utility
vehicle (SUV) segment is one of the segment where it feels need to expand. With only the compact
SUV Vitara Brezza in its line-up, the company feels it is underrepresented in the SUV segment.
Maruti showcased a new concept called Future S at the last month’s Auto Expo. The design is a
fusion between an SUV and a hatchback. Maruti is aiming to hit 2.25 million units capacity by 2020
including a second new plant in Gujarat at the existing facility.Meanwhile, its sales was up 15 per
cent in Februrary. Its total sales increased at 1,49,824 units in February as against 1,30,280 units
in the year-ago month.Domestic sales stood at 1,37,900 units, up 14.2 per cent, while export was
up 24.9 per cent. The stock has corrected in an overall correction in the market. Buy. Buy more at
further decline.
Balkrishan Industries (Rs. 1062.00) (Code : 502355) (F. V. : 2.00) : Balkrishna
Industries’ stock has more than doubled in the past year. It has been outperformer since last one
decade. Even in this severe correction in the Dalal Street, this stock has not corrected significantly.
Balkrishna Industries is the country’s second-largest tyre maker by market capitalisation. It manu-
factures off-highway tyres (OHT) used in sectors such as agriculture (tractors), construction (load-
ers and dumpers) and off-road applications, including mining. Falling natural rubber prices, expec-
tations of a strong double-digit volume growth and improvement in margins over FY17-20 are key
reasons why the Street is bullish on the stock of this niche tyre firm. Balkrishna Industries (BIL) is
one of the most profitable companies with 30 per cent Ebitda margin. It has a production capacity of
around 3,00,000 mtpa across four manufacturing plants in India and supplies to key markets in
Europe, US, Australia, New Zealand and Africa. It is fundamentally very strong. Buy in phased
manner.
Emami (Rs. 1056.00) (Code : 531162) (F. V. : 1.00) : During the next two years,
a pick-up in performance of Kesh King, new product introductions, revival of healthcare and key
brands like Navratna and Fair & Handsome will help Emami deliver double-digit revenue growth.A
foreign broker has maintained outperform on the stock with target price of Rs 1,260.The foreign
broker said that the company is overcoming its distribution challenges. Its wholesale channel is
stabilised. Emami's margins are not a major concern for now, it reportedly said. The company is
focusing on double-digit volume growth through a combination of existing and new products.On a
consolidated basis, Emami's net profit rose 9.6% to Rs 147.08 crore on 6% growth in net sales to
Rs 756.64 crore in Q3 December 2017 over Q3 December 2016.The large-cap company has eq-
uity capital of Rs 22.70 crore. Face value per share is Rs 1.Invest.
SBI Life Insurance (Rs. 663.00) (Code : 540719) (F. V. : 10.00) : SBI Life
Insurance is a play on the under–penetrated Life Insurance market, with a strong distribution foot-
print of its parent SBI. Given the untapped distribution reach, along with tailwinds towards the
Financial Weekly

INVESTMENT
financialisation of savings, it is expected to grow at 18.9 per cent and 29.5 per cent CAGR growth
between FY17-20E in the New Business Premium and Value of New Business for SBI Life Insur-
ance. Besides this, in recent Budget Government has proposed to introduce LTCG on Equity and
Mutual Fund investments.he company is changing its product mix and growing in profitable seg-
ments and also looking for cross selling / up selling opportunities to enhance growth. After reason-
able listing in last October, the stock has corrected. Grab this opportunity for longer term perspec-
tive.
EIL (Rs. 150.00) (Code : 532178) (F. V. : 5.00) :- EIL provides engineering
consultancy and EPC services principally focused on the oil & gas and petrochemical industries.
The Company has also diversified into sectors like infrastructure, water and waste management,
solar & nuclear power and fertilizers to leverage its strong technical competencies and track record.
The company’s overseas presence is marked by an engineering office in Abu Dhabi, which caters
to the business need s in UAE/Middle - East region. Additionally, there are offices in London, Milan
and Shanghai to coordinate the activities of international procurement and marketing.For Q3, En-
gineers India consolidated revenue for the quarter came in at Rs 473.42 crore, registering 45.7 per
cent YoY increase. Its turnkey projects segment and consultancy & engineering products segment
has witnessed significant jump in revenue by 63.5 per cent and 42 per cent, respectively.The
company's EBITDA for the quarter rose by 66.5 per cent YoY to Rs 135.6 crore. Net profit was up at
Rs 108.4 crore, an increase of 27.5 per cent YoY.The stock has corrected significantly and it is
near to its 52-week low level. It is a safe bet in this turbulant market.
(SEBI Registered Research Analyst)

* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on
23rd March 2018 unless specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though,
every care has been taken, we will not responsible for any errors / omissions o All disputes are subject to Ahmedabad jurisdictioner
Financial Weekly

INVESTMENT
Dalal Street Whispers - Dilip K. Shah
Balrampur Chini (Rs. 84.00) (Code: 500038) :- In a bid to boost their exports, the
central government has scrapped export duty on raw and refined sugars. This led to a sharp rally in
sugar stocks such as Balrampur Chini, KCP Sugar, Gayatri Sugar, MP Sugar, Dalmia, etc.
Kelton Tech. (Rs. 1,285.00) (Code: 506528) :- The company has fixed March 27 as
the record date for the 1:1 bonus issue announced a few days ago . Movement can be seen in the
stock.
Ashok Leyland (Rs. 142.00) (Code: 500477) :- This Hinduju Group company has
been reporting strong performance for several quarters. Auto sales have been steadily rising. The
company has recently bagged an order of Rs. 321 crores to supply 2,100 buses to Tamil Nadu
Road Transport.
Arvind (Rs. 379.00) (Code: 500101) :- Arvind has joined hands with NYSE listed and
leading automotive seating player Adient for setting up a plant in India. Strength can be seen in the
stock.
Aurionpro Sol. (Rs. 212.00) (Code: 532668) :- The company has recently won a
Rs. 180 crore order from Rajasthan government to develop Jaipur '3D City'. Rajasthan is the first
state to have adopted the 3D model.
Sadbhav Infra (Rs. 125.00) (Code: 539346) :- This road developer has bagged two
large projects of Rs. 1,568 crores from NHAI in Gujart and Andhra Pradesh.
Dish TV (Rs. 70.00) (Code: 532839) :- The merger of DTH services provider Dish TV
and Videocon DTH has been completed after a delay of one year. The merged entity will have a
subscriber base of 2.8 crores.
Dr. Reddy's (Rs. 2,073.00) (Code: 500124) :- This pharma company has launched
allergy relief tablets in the American market.
Nitesh Estate (Rs. 12.47) (Code: 533202) :- Realty market reports suggest that
Blackstone is buying 85% stake in its Mall project in Pune. This will have a positive impact on the
stock.
Va Tech Wabag (Rs. 489.00) (Code: 533269) :- The purchase of 1,91,200 shares
by a leading market player from the open market has put the stock on the radar of investors.
Gala Global (Rs. 287.00) (Code: 539228) :- The shares of this branding segment
company have touched the life time high levels on trading volumes of more than three lakh. The
company is installing new machinery, which will triple its capacity.
NBCC (Rs. 191.00) (Code: 534309) :- The company has large orders on its books. It is
benefitting from opportunities and focus on affordable housing segment. It is also set for a foray into
road construction.
Teamlease (Rs. 2,120.00) (Code: 539658) :- JP Morgan has bought a large number
of shares of this company. The share will remain in focus.
Financial Weekly

INVESTMENT
High Risk High Return Shares - Dilip K. Shah
Ashoka Buildcon (Rs. 237.00) (Code: 533271) :- The shares of this Mumbai-based road de-
veloper surged 14% in intra-day trades, the highest jump in two years, after the company emerged
as the lowest bidder in two highway projects. The share is also on the market radar after the com-
pany announced dividend of 80 paise.
Dilip Buildcon (Rs. 983.00) (Code: 540047) :- The stock is in limelight since a month. There is
current in the stock after Dilip Buildcon emerged as the lowest bidder in a Rs. 677 crore EPC
project in UP.
L&T Tech (Rs. 1,215.00) (Code: 540115) :- There is movement in the stock. German polymer
manufacturer Covestro has partnered with L&T Technology Services in a multi-million dollar to
accelerate its digitalization programme.
Prataap Snacks (Rs. 1,300.00) (Code: 540724) :- The company's IPO last year was subscribed
47 times. For December quarter, it reported income of Rs. 262 crores and profit of Rs. 12.48 crores.
With the company's annual turnover crossing Rs. 1,000 crores, the stock is expected to rise further
in the coming days.
United Spirit (Rs. 3,082.00) (Code: 532432) :- The board of this leading liquor company is
slated to meet on April 13 to decide on stock split. This will have a positive impact on the stock.
Suven Life (Rs. 168.00) (Code: 530239) :- The company has been granted product patent from
Norway, South Korea and Singapore for treatment of disorders associated with neurodegenerative
diseases. Current can be seen in the stock.
TRF (Rs. 230.00) (Code: 505854) :- At its recently held board meeting, the proposal to sell its
entire shareholding in a step-down subsidiary. Movement is being seen in the stock.
Gail India (Rs. 438.00) (Code: 532155) :- The stock remained firm even amid the crash of more
than 400 points in Sensex on Friday. The company had earlier announced bonus issue in the ratio
of 1:3. It has fixed March 27 as the record date for the bonus issue.
Sunteck Realty (Rs. 401.00) (Code: 512179) :- The stock has jumped 150% from its 52-week
bottom. The company gives dividend of 150% and has market cap of Rs. 5,780 crores. It is very
attractively valued as compared with its peers.
Sun Pharma (Rs. 501.00) (Code: 524715) :- The company's Psoriasis drug Ilumya recently
received US FDA approval. Brokerage house Credit Suisse has given 'Outperform' rating and a
target price of Rs. 640 on this stock.
Oil India (Rs. 349.00) (Code: 533106) :- This PSU has recently signed an agreement with
Assam Government and Assam Petrochemicals for setting up a Methanol and Formaldehyde project.
The project cost is estimated at Rs. 1,337 crores
Indigo (Rs. 1,247.00) (Code: 539448) :- The share had corrected after the airline was forced to
ground a few planes owing to mechanical faults. However, the share is taking flight on reports that
it is joining hands with Qatar Airways to jointly bid for Air India, which has been put on the block by
the government.
Financial Weekly

INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
stockmarket@ganeshaspeaks.com
Sensex Predictions : Dt. 26th March to 30th March
" Please consider 10 minutes plus and minus in each prediction, and act accordingly.
" Ganesha advises you to compare every prediction with the prediction of the previous time slot.
26-03-2018 Monday :- " You must have read the first two sentences in the file. The
strategy for " intraday, F&O, and delivery based is different, hence don't mix all of them. " 30-03-
2018 is a holiday due to Good Friday, thus there will be only four trading days during this week. "
You must have read the third sentence of last Monday (19-03-2018) and you also observed the
predictions for last week. " Tomorrow 27-03-2018 is a zero weightage day. Hence, decide accord-
ingly. " Opening to 12.12 Nifty will move around a psychological figure. " 12.12 to 12.45 expect
technical buying. " 12.45 to 13.55 a down pattern is indicated for Nifty. " 13.55 to 15.30 Nifty will try
to bounce.
27-03-2018 Tuesday :- " Chandra and Rahu are degreecally together. " This is a zero
weightage day. " Ganesha had informed you in advance about the predictions for February 2018
and March 2018. " It will be better to do delivery based work today. " This week may be useless as
there is no clear trend during this week " Around 9.45 buy Nifty and around 11.30 exit. " Around
13.40 buy Nifty and exit on earning 5 rupees.
28-03-2018 Wednesday :- " Opening to 10.00.03 there will be confusion in the market.
" From 10.00.04 onwards, the market will create a new pattern, hence prepare accordingly. " Over-
all till 14.00, the market will do a lot of drama and you will not earn a profit, hence focus on jobbing.
" 14.00 to 15.15 Nifty will go up. " During the last 15 minutes, expect profit booking.
29-03-2018 Thursday :- Today is Mahavir Jayanti, hence there will be a holiday in the
Market.
30-03-2018 Friday :- " Today is Good Friday, hence there will be a holiday in the market.
Financial Weekly

INVESTMENT
REVIEW OF “SMART PLUS NEWS LETTER”

Amazing 26% RETURN SMART GAIN
FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
12-3-2018 High (%) 12-3-2018 High (%)
Multibase 590 623 5.59 Tata Global 268 284 5.97
Lumax Auto 830 853 2.77 Glenmark 532 560 5.26
Vadilal Ind. 970 998 2.89 HUL 1304 1331 2.07
Teamlease 2158 2232 3.43 Hexaware 361 391 8.31
TRENT 332 355 6.93 Oracle Fin. 3905 3957 1.33
Titan 822 876 6.57 Hero Moto 3595 3728 3.7
Godrej Agrovet 655 707 7.94 Sun Pharma 506 529 4.55
Voltas 629 649 3.18 IndiGo 1288 1319 2.41
Jubilant Food 2060 2185 6.07 Vakrangee 195 246 26.15
Cholamandalm Inv. 1425 1492 4.7 Apollo Tyres 259 271 4.63
V-Mart Retail 1909 1951 2.2 Shree Pushakr 225 240 6.67
Dixon Technologies 3448 3548 2.9 Redington 136 149 9.56
Apex Frozen 653 700 7.2 Guj. Ambuja 249 280 12.45
Thomas cook (I) 259 291 12.36 Veto Switchgear 201 212 5.47
Tata Elxsi 1003 1048 4.49 Kiri Ind. 443 503 13.54
J K Laxmi 419 441 5.25 Capacite Infra 310 336 8.39
Qeuss Corp. 986 1046 6.09 Patel Airtemp 175 180 2.86
Nesco 556 581 4.5 Filatex 167 179 7.19
Cox & Kings 252 257 1.98 Mercator 34.1 35 2.64
Chennai Petro 341 370 8.5 FACT 57 64 12.28
Ashok Leyland 146 151 3.42 Vaswani Ind. 21.05 25 18.76
PC Jew. 336 379 12.8 Hariyana Shipyard 100 108 8
Laxmi Ele. 620 659 6.29 Murudeshwar Cera. 37.65 39 3.59
Rain Ind. 388 398 2.58 Amtek Auto 25 27 8
Sahyadri Ind. 266 279 4.89 Manappuram Fin. 102 108 5.88
Bajaj Ele. 563 634 12.61 Shivam Autotech 71 77 8.45
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Financial Weekly

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Editor : Dilip K. Shah
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purposes only and derived from source that are deemed to be reliable but their accuracy and
completeness are not guaranteed. Smart Investment or the analyst / writer do not accept any
liability for the use of this column for the buying or selling of securities. Readers of this column who
buy or sell securities based on the information in this column are soley responsible for their ac-
tions. The author, his company or his acquaintance may / may not have positions in the scrips
featured herein
Financial Weekly

INVESTMENT
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Financial Weekly

INVESTMENT
Grand Success Story of

D(en)O(f)W(ealth) : Dow Scheme
Date Stock Reco. Target Achieved Return Date Stock Reco. Target Achieved Return
Rate (Rs.) Rate (%)
29th April-15 J M FIN 47.5 60-90 191.6 303% Rate (Rs.) Rate (%)
29th April-16 WALCHAND PEOPLE 106 145 212 100%
5th May-15 VIPPY SPINPRO 20 25-31 61.4 207%
3rd May-16 IOL CHEM 103 150- 250 156 51%
8th May-15 CONART ENG 22 30-32 64.4 193%
5th May-16 INDIG O 1075 1200 1347 25%
15th May-15 MANALI PETRO 16.5 21-30 49.4 199%
6th May-16 PPAP AUTO 144 175- 200 454 215%
22nd May-15 SUZL ON 25 32-45 28 12%
13th May-16 HP COTTON 53 75 58 9%
26th May-15 GOLDIAM INT 28 38 99.7 256%
16th May-16 GANDHI SPE TUBE 235 300 375 60%
28th May-15 PONDY OXIDE 75 82 779 939% 16th May-16 BAJAJ ELE 233 265 428.5 84%
9th June-15 INDUS BANK 810 880 1804 123% 19th May-16 ITD CEMENT 127 175 194 53%
18th June-15 KEI IND 63 90 372 490% 19th May-16 ASM TECHNO 195 220 203 4%
18th June-15 VRL LOGI 305 335- 350 479 57% 27th May-16 KUSHAL TRADE 145 175- 225 611.1 321%
18th June-15 KALPATARU POWER 241 270 405 68% 3rd June-16 J M FIN 47 56-59-65 191.6 308%
18th June-15 SUPRAJIT ENG 128 150 338 164% 9th June-16 BAJAJ ELE 232 300 428.5 85%
26th June-15 IBULLS HOUSING 620 675- 900 1374 122% 20th June-16 GAEL 58 75-85 185 219%
2nd July-15 MRPL 76.5 85-105 143.55 88% 24th June-16 IOL CHEM 136 175- 275 156 15%
13th July-15 FSL 33.25 40-55 54 62% 1st July 16 IL&FS TRANS 78.5 95-105 124.8 59%
14th July-15 JAIN IRRIGATION 75 95-125 120 60% 7th Junly 16 NE TWORK18 45.5 64-71 59.3 30%
28th July-15 BAJAJ FINANCE 222 275 1985.9 795% 15th July 16 SARDA ENERGY 141 180- 200 518.4 268%
31st July-15 JINDAL SAW 78 95-125 128.3 64% 22nd July 16 AARTI IND 553 620- 625 1040 88%
3rd Aug-15 HFCL 15 20-35 35.95 140% 28th July 16 MAGMA FIN 106 135- 140 189.85 79%
5th Aug-15 SUBE X 16.5 18.5- 22 18.35 11% 3rd Aug 16 GARWARE WALL 453 535- 540 994 119%
17th Aug-15 J M FIN 52.5 60 191.6 265% 5th Aug 16 ION EXCHANGE 327 445- 450 638 95%
12th Aug 16 IOL CHEM 137 175- 275 156 14%
11th Sep-15 NAVKAR CORP 166 185- 190 247 49%
18th Aug 16 SAMBANDAM SPI 113 130- 140 163.5 45%
11th Sep-15 ECLERX SERVICES 1425 1600 1784 25%
22nd Aug 16 SUBE X 12.65 16.5-18.4 13.5 7%
11th Sep-15 KSCL 457 530- 550 708 55%
31st Aug 16 IDFC 58.25 70 71.3 22%
24th Sep-15 GHCL 142 165- 200 299 111%
8th Sep 16 IRB INFRA 242 270- 285 272.65 13%
6th Oct-15 CHENNAI PETRO 238 275- 350 480.5 102%
8th Sep 16 TALBROS ENG 238 255- 260 824 246%
7th Oct-15 HFCL 16.7 20-25 35.95 115%
16th Sep 16 NOCIL 68 85 193.5 185%
12th Oct-15 ARSS INFRA 36.5 50-54 114 212%
21st Sep 16 CONART ENG 40 48 64.9 62%
14th Oct-15 ASHOK LEYLAND 94.25 105- 110 133.9 42% 23rd Sep 16 KEI IND 120.5 140- 170 372 209%
4th Nov-15 LLOYD ELE 274 315- 350 340 24% 29th Sep 16 DYNAMIC IND 60 70-75 109.85 83%
16th Nov-15 TANLA SOL 36.5 50 66.45 82% 29th Sep 16 GSFC 77 101 162.7 111%
21st Nov-15 PRIMA PLAST 83 100- 125 315 280% 5th Oct 16 MAGMA FIN 116 140 189.85 64%
26th Nov-15 PRATIBHA IND 45 55 51 13% 19th Oct 16 JINDAL POLY 429 460- 490 477 11%
16th Dec-15 COMPETE NT 140 185- 190 260 86% 25th Oct 16 A2Z INFRA 40.75 50 52.65 29%
21st Dec-15 SUN PHARMA 750 1000 899 20% 30th Oct 16 JENBRUKT PHARMA 482 700 572.5 19%
8th Jan-16 ASM TECHNO 195 230- 300 220 13% 30th Oct 16 ADVANCED ENZ 2125 2700 2375.5 12%
15th Jan-16 TYCHE IND 50 72 STOP LOSS 4th Nov 16 MAFATLAL IND 443 425- 500 STOP LOSS
27th Jan-16 ASHOKA BUILD 192 230 STOP LOSS 4th Nov 16 ABC BEARINGS 174 210- 250 450 159%
5th Feb-16 SWISS GLASS 118 150 227 92% 2nd Dec 16 MRPL 100 119-138- 149 146.7 47%
19th Feb-16 ELEGANT MARBLE 95 125 195.95 106% 9th Dec 16 SONATA SOFT 164 195 224 37%
3rd March-16 SHIVALIK BI 11 27-35 95 764% 16th Dec 16 INDIA GLYCOL 137 180- 200 412 201%
8th March-16 SUDARSHAN CHE 86 115 459 434% 30th Dec 16 MADHAV MARBLE 59 64-66 79.5 35%
21st March-16 J K TYRE 83 105- 135 186.3 124% 30th Dec 16 ORIENT BEVERAGES 160 170- 172 186.5 17%
4th Jan 17 RAIN IND 56.5 70 319 465%
21st March-16 NHPC 21.85 27-32 34.5 58%
5th Jan 17 MAGNGALORE CHEM 48.2 55-60 84.4 75%
8th April-16 SUBE X 10.1 13.75-16.5 14.25 41%
6th Jan 17 INDO RAMA 34.25 36-37 42.6 24%
13th April-16 CAREER POINT 118 135- 175 166.7 41%
11th Jan 17 TRIDE NT 62.5 75-100 109.5 75%
13th April-16 KLRF 58 75-110 122 110%
13th Jan 17 PITTI LAMINATIONS 60 63-65 75 25%
26th April-16 BENGAL TEA 50 60-65 63.5 27%
20th Jan 17 SUPER CROP SAFE 136 225 180 32%
Financial Weekly

INVESTMENT
(2)
Date Stock Reco. Target Achi eved Return Date Stock Reco. Target Achieved Return
Rate (Rs.) Rate (%) Rate (Rs.) Rate (%)
27th Jan 17 IHTL 192 202 202 5% 30th June-17 PRIME URBAN 31.5 34-35 38.35 22%
2nd Feb 17 SUBE X 10.6 13-14 12.35 17% 4th July-17 PRIYA LTD 102 112- 140 117.5 15%
6th Feb 17 BGR ENERGY 138.5 175 183.4 32% 7th July-17 SUNFLAG IRON 41 51-55 87.8 114%
6th Feb 17 LAURUS LAB 538 625 640 19% 17th July-17 ORIENT BEVERAGES 175 181- 185 186.4 7%
14th Feb 17 AT LANTA 83 105 120.45 45% 18th July-17 ORIENT BEVERAGES 179 191- 195 STOP LOSS
16th Feb 17 PITTI LAMINATIONS 62 72-75 75 21% 24th July-17 TWL 121.5 155- 160 STOP LOSS
16th Feb 17 EON ELECTRIC 63.5 85-90 137.5 117% 28th July-17 REMSONS IND 82 110- 115 89.6 9%
28th Feb 17 KWAL IT Y 157 175- 185 167.95 7% 3rd August-17 NTC Ind 61 75-80 72.5 19%
1st March-17 SPARC 339 370- 385 446 32% 11th August-17 AGRITECH INDIA 59 - 149 153%
2nd March-17 KOPRAN 71 83-95 102.45 44% 11th August-17 E COPL AST 112 - STOP LOSS
8th March-17 AJMERA REALTY 197 250- 260 297.8 51% 11th August-17 BIMETAL BEARING 460 - 561.3 22%
10th March-17 CORDS CABLE 81.5 84-86 145 78% 18th August-17 PUDUMJEE IND 15 - STOP LOSS
15th March-17 ADANI ENTER 99.5 115- 120 160.7 62% 22nd Aug. SPARC 410 550 446 9%
17th March-17 GUJ THEMIS 48 53-55 55.5 16% 24th August-17 PATSPIN 27.5 31-33 30.3 10%
17th March-17 SHILCHAR TECHNO 380 450- 525 524.9 38% 29th August-17 BNR UDYOG 59.5 65 STOP LOSS
20th March-17 ELECTROSTEEL CAST 29.5 37-40 40.65 38% 30th August-17 NMDC 126.5 150 138.5 9%
24th March-17 ONWARD TECH 74.5 78-80 170 128% 30th August-17 J M FIN 128 150 191.6 50%
24th March-17 AVT NATURAL 37 39.5- 41 50.75 37% 1st Sep-17 VASWANI IND 15.5 17.5- 18 24.6 59%
29th March-17 SANKHYA INFO 58.5 70-75 69.7 19% 7th Sep-17 INDBANK MERCHANT 21.5 25-27 26.9 25%
31st March-17 MOLD-T EK 53.5 55-56 59.9 12% 14th Sep-17 COMPUCOM SOFT 17 20-21 19.4 14%
5th April-17 MTNL 25.75 31-35 27.1 5% 20th Sep-17 ORIENT CEM 162 190 182 12%
6th April-17 SARDA ENERGY 258 300 518.4 101% 22nd Sep-17 AKAR TOOLS 108 113- 115 117 8%
13th April-17 WEIZMANN 524 560- 570 1125 115% 27th Sep-17 PUDUMJEE PULP 26.85 29.5 28.5 6%
20th April-17 COMPUCOM SOFT 17.5 19.5-20.5 SL 28th Sep-17 SANGHI IND 98 125 137.2 40%
21st April-17 ALEMBIC 46.7 55-61 51.7 11% 3rd Oct-17 DHARNI SUGAR 32 35.5 39.75 24%
28th April-17 REL INFRA 595 700 SL 6th Oct-17 PDMJE PAPER 31 38-40 34.1 10%
28th April-17 DAMODAR IND 95 100 144 52% 13th Oct-17 BHAGYNAGAR 33 38-40 39.4 19%
2nd May-17 VIPPY SPINPRO 50 55-56 SL 19th Oct-17 W H BRADY 235 325- 350 288.9 23%
2nd May-17 DEEP IND 326 400 SL 23rd Oct-17 W H BRADY 255 325- 350 288.9 13%
15th May-17 TALBROS AUTO 175 210 224.7 28% 24th Oct-17 GSFC 147 170- 175 162.7 11%
2nd June-17 TATA GLOBAL 156 175- 180 231.25 48% 24th Oct-17 SPIC 42.5 50-53 48.5 14%
2nd June-17 PITTI LAMINATIONS 58.5 63-65 75 28% 25th Oct-17 DHARNI SUGAR 36 41-43 39.75 10%
15th June-17 ACE 69.5 81-87 95.3 37% 31st Oct-17 SURANA T & P 7.5 9- 10.5 9.3 24%
22nd June-17 MANAPPURAM 97.5 107- 130 112.55 15% 1st Nov-17 MANGALORE CHEM 78 90-95 81.6 5%
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GAMC No. :1703/2015-17. Issued by SSP Ahd. Valid up to 31-12-2017

FII Activity (Rs. in Cr.)

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Rapid Fire Stocks

Titan Company (Short Term Investment Mantra)

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Oil and Natural Gas Corporation Limited

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

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Bombay Super Hybrid Seeds Limited

Bombay Super Hybrid Seeds Limited is Leading Seeds manufacturing company. It is an

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the vision of company states that

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MANGALORE CHEMICALS & FERTILIZERS

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CORPORATION BANK LTD

WhatsApp : 096383 22864

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

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MMP Industries Ltd

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issue and Bigshare Services Pvt. Ltd. is

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MMPIL is entering into capital market through SME IPO

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MMP Industries Ltd

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Aluminium powder, also known as aluminium flake, is a light, silvery-white to grey,

ALUMINIUM POWDER APPLICATION

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foils will be its first product to be directly used by consumers.

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NIFTY IN 4 DIGITS, NOW A REALITY

This Weeks Recommendations

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Venue : TOTAL SECURITIES LTD.

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Correction is persistent but there is

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Smart Investment : Subscription Rates

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Orissa Bengal Carrier Limited

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2014-15 was Rs.0.92 crore and revenue Shakuntala Devi Agrawal

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Stock Buzz Subramanian Mahadevan

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