Smart Investment 19th November PDF

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37
GAMC No. :1703/2015-17. Issued by SSP Ahd. Valid up to 31-12-2017

VOL : 9 • Issue No: 40 RNI No : GUJENG / 2008 / 24320 20th Nov. 2016 to 26th Nov. 2016
○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○
FII Activity (Rs. Cr.)

Date Buy Value Sell Value Net Value
14/11/2016 Holiday
15/11/2016 8957.98 11311.8 -2353.82
16/11/2016 7341.61 9298.65 -1957.04
17/11/2016 4577.69 5561.62 -983.93
18/11/2016 4112.43 5038.75 -926.32
Total 24989.7 31210.8 -6221.11
DII Activity (Rs. Cr.)
14/11/2016 Holiday
15/11/2016 4810.16 4914.99 -104.83
16/11/2016 4887.66 2543.35 2344.31
17/11/2016 2789.11 1644.96 1144.15
18/11/2016 2641.1 1497.66 1143.44
Total 15128.03 10600.96 4527.07
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SMART
INVESTMENT
20th November 2016 to 26th November 2016 3
- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789
Nifty Overview : In Last Trading Session, Nifty closed at 8070. Markets have turned negative and volatility has
increased with demonetization. Nifty is in a state of confusion and currently there is no clear indication at this level as
it has already come down from levels of 8900. Market is negative but currently it is also at support so either side move
is possible. We can expect bounce back in some stocks.
Bank Nifty Overview : In Last Trading Session, Bank Nifty closed at 18980. As markets slide, even Bank Nifty
had its pressure but if something has to go up now then it should be bank nifty. So if you want to have a positive bet
then look for psu banking stocks or bank nifty.
Last Recommendation Review

Scrip Name BSE Buy/ Enter Did High/ Remark
Code Sell at Low
Bank Of India 532149 Buy 120 128 Target Achieved
Canara Bank 532483 Buy 310 330 Target Achieved
IDBI 500116 Buy 69 73 Target Achieved
OBC 500315 Buy 119.75 128.5 Target Achieved
Auro Pharma 524804 Sell 790 700 Target Achieved
Hind Zinc 500188 Sell 257 234 Target Achieved
Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Ambuja Cement 500425 197 190/193 197 205 186
Bank of India 532149 122 110/120 130 140 105
Century Tex 500040 753 735/745 760 780 725
Idea 532822 71 64/71 80 90 55
MindTree 532819 441 425/435 450 470 415
Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Hind Zinc 500188 249.95 257/265 250 240 275
Cairn India 532792 227.2 250 240 230 260
Note : Note: All calls are momentum calls based on technical analysis and all levels as per future prices (If scrip
not available in futures then BSE Cash price). All these calls are given based on daily charts but intra-day signals are
equally important to enter the trade in a timely manner. Timing is very important and we at shareinfoline.com give you
timely calls based on intra-day charts.
Read Disclaimer at ShareInfoline.com
SMART
INVESTMENT
Subramanian Mahadevan
Stock Buzz [email protected]
Orient Cement Limited (Rs.132):Cementing Growth!

Orient Cement Limited (Orient) -is aBhubaneshwar, Orissa based company was formerlypart of the
listed Orient Paper & Industries belonging to C K Birla Group of Companies, equally considered as one of
the most respectable business houses of India. Orient was demerged in the year 2012, since then it had
witnessed a six fold increase in the market capitalization in a very short period. The product mix of Orient
includes Ordinary Portland Cement (OPC) & Pozzalona Portland Cement (PPC) sold under the brand
name of Birla A1. Good quality and suitability for critical structures gives Birla A1 the edge over other
brands in the market. Orient hada cement capacity of 5mtpa in Andhra Pradesh and Maharashtra, along
with captive power plants of 50MW. Later through some green field expansion, added additional 3mtpa
integrated cement plant in Gulbarga enhancing Orient's capacity to 8mtpaand was successfully completed
in 1QFY16. Orient is considered as efficient and one of the lowest cost cement producers in India. Orient
last month acquired 74% stake in Bhilai Jaypee Cement Limited from JP Associates and 100% of Nigrie
Cement Grinding Unit. This inorganic acquisition of 1.1 mtpa of clinker capacity and 4.2 mtpaof grinding
capacity is part of Orient's vision of becoming a 15 mtpa company by 2020. Post this expansion and
acquisition, Orient's consolidated clinker/cement capacity would increase by 19%/53% to 6.8mtpa/12.2
mtpa respectively. The stock has corrected significantly due to poor Q2FY17 numbers and market believed
that the acquisition has come at 2X the cost of current capacity of Orient which will increase the leverage in
the balance sheet. However key positives to be considered here are - acquired assets are relatively younger,
access to virgin markets in central and eastern regions and abundant availability of slag and fly-ash at
close vicinity to the plant. Orient will emerge as a strong pan-India player by 2020 and may report superb
PAT in excess of 750 crore in FY19. Buy on every declines for double digit returns.
VMart Retail Limited (Rs. 450) : Sales Declines!

V Mart Retail Limited (VMART) - is a chain of departmental stores that caters to the needs of the entire
family by offering apparels, general merchandise and kirana goods. In2003, the first store was opened at
Ahmedabad. VMART primarily operate in Tier II& Tier III cities with the chain of "Value Retail" departmental
stores that providesquality products at reasonable prices. V-Mart has opened up almost 16 stores in Q3 &
Q4 of FY16, with which it has entered two new geographies of Bengal and Orissa and plans to open up
another 20 in FY17. Competition in the form of both online and offline players have impacted almost 30+ of
its stores in the last three quarters. Better penetration of the online players together with a lot of new names
cropping up in multiple territories has proved to be challenging for V-Mart exports. VMART's same-store-
sales and volumes have seen de-growth in Q2FY17 resulting in a loss 1.82 crore. Adding fuel to the fire,
ongoing surgical strike in the form of currency demonetization by Government of India will have a signifi-
cant impact for small, niche and regional players (mostly semi-urban and rural) like VMART. Consumers
may hold back their discretionary spending and remaining quarters of FY17 may prove to be a tough one in
terms of topline and bottom-line. Book Profits and exit immediately.
N R Agarwal Industries (Rs.190) : Expensive Paper!

N R Agarwal Industries Limited (NRAIL) - is a Mumbai based company established in 1993, a pioneer in
development, manufacturing of quality finished paper products by recycling of waste paper and marketing
in domestic and international markets with a firm commitment to 'Serve Paper Products Worldwide'. NRAIL
SMART
INVESTMENT
has been consistently providing high quality Papers to Packaging Industries, News Papers and Business
Stationery segments in different parts of the world. NRAIL had four manufacturing facilities in Vapi, Gujarattill
June 2014, three facilities to manufacture Coated Duplex Boards and one to manufacture Newsprint. NRAIL
embarked on an expansion project to manufacture Writing and Printing papers with a capacity of 90,000
tonnes per annum at Sarigam, Gujarat i.e. fifth unit at a cost of Rs 33 crore. Paper industry was suffering till
2015 due to various factors like high raw materials cost, low volume growth, elevated labor cost and poor
price realization. Beginning 2016, all the listed paper stocks are on a roll reporting best ever numbers in
their corporate history due to huge tailwinds after a gap of six dull years. NRAIL was also immensely
benefitted and it has not only posted a mind boggling PAT of 13.99 crore in Q2FY17, but also successfully
exited from corporate debt restructuring (CDR) by repaying the outstanding dues to Bank of Baroda. Stock
has already become 10X in the last one year and it has corrected now due to prevailing weakness in the
market. NRAIL may once again join the dividend paying list from current year onwards and investors are
advised to book profits. Long term investors may enter at lower levels post healthy correction.
- Subramanian Mahadevan
www.Chittorgarh.com
Stock Broker Share Broker Reviews
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SMART
INVESTMENT
Smart Picks Rohan Nalawade - Expert in financial analysis (Mumbai )
E-mail ID : [email protected]
Bulls need to shield

8000-7920 levels to bounce back
After a heavy battering in last week on the back of two big events, Nifty is seen hovering in a
range with some downward bias. However, the low made in the last week is still performing a
higher low set up from the Brexit swing low of 7927. In our earlier issues we had stated that Nifty
may take strong support of 8000-8050 levels, and apparently we did see that nifty is holding major
support of 8000 levels this week.
We had also suggested in our last article that its opportune time to buy metal and banking
stocks and auto sectors stocks. We feel that Metals have started their bull run after a long sluggish
period. And hence we advocate that it will be the right time for investors to enter metal stocks like
Hindalco (BSE Code – 500440) and Tata Steel (BSE Code – 500470).
On Auto sector front we like M&M (BSE Code – 500520), Tata Motors BSE Code – 500570)
and Ashok Leyland (BSE Code – 500477) from medium to longer term perspective.
On demonetization front, governments step to fight against corruption is likely to be very posi-
tive for banking sector as money is getting pumped in banks, increasing the systems liquidity.
Apparently banking business is likely to amplify. So from very long term perspective investors can
build portfolio by accumulating shares of IDFC Bank (BSE Code – 539437) and RBL Bank (BSE
Code – 540065).
In banking sectors besides IDFC Bank and RBL we propose SBI (BSE Code – 500112), Bank
of Baroda (BSE Code – 532134), PNB (BSE Code – 532461), Axis Bank (BSE Code – 532215)
and ICICI Bank (BSE Code – 532174) all are good entries for investors and traders from medium
to longer term perspective. We had recommended SBI at Rs. 216 level; currently it is trading at
Rs. 277.
Parliament’s winter session has started and GST is main act to be passed in this session. It is
going to be a big event as it will be very positive for growth of Indian economy, GDP and busi-
nesses. Only small delay may happen due to opposition party’s hullabaloo on banning of 500-
1000 Rs note by Mr. Prime Minister.
We are of the opinion that Nifty is likely to bottom out around these levels and major reversal is
possible. Nifty 8000-7920 is seen as major support whereas intermediate resistance is seen at
8280-8320 levels. Once nifty reclaims 8600 on upper side then only we can see fresh highs in 6
months, However word of caution that any break below 7920 which is key swing low of Brexit, Nifty
may slide to test 7500-7200
SMART
INVESTMENT
Technical News : 21-11-2016 to 25-11-2016
Manu Consultants : Manishkumar - Kolkata
SEBI REG:- RESEARCH ANALYST- INH300002449
Nifty Future :-
NIFTY FUT SUPPORT AT 8000-7950 AND RESISITANCE 8210-8250
STRATEGY :- BUY BANK NIFTY ON DIPS TILL 18700 SL 18400 TA 19500-750
STOCKS F&O:-
INDIA CEMENT (116):- BUY INDIA CEMENT ON DIPS TILL 110 SL 108 TA 122-28
BHARAT FIN (694):- BUY BHARAT FIN ON DIPS TILL 675 SL 660 TA 710-35
ZEE (448):- BUY ZEE ON DIPS TILL 435 SL 424 TA 465-80
ICICI BANK (264):- BUY ICICI BANK ON DIPS TILL 256 SL 252 TA 276-84
SELL STOCKS
CAUTION ADVISED IN SHORTS NOW
DELIVERY STOCKS
BUY CUPID SL 260 TA 340-80
DISCLAIMER:- The Recommendations are based on technical analysis. There is a risk of loss
in trading.Please visit website www.dallalstreet.org for full disclaimer and disclosures.
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
Navneet Edu. 508989 106.00 Minda Ind. 532539 294.00
City Union 532210 137.00 Engg. India 532178 283.00
Dish TV 532839 89.00 Petronet LNG 532522 374.00
NHPC 533098 26.00 Bharat Forge 500493 907.00
Balrampur 500038 116.00 Can Fin Hom 511196 1507.00
Meghmani O. 532865 38.00 Escorts 500495 301.00
Kalptaru P. 522287 233.00 M&M 500520 1239.00
Delta Corp. 532848 116.00 Infosys 500209 919.00
GIPCL 517300 95.00 IGL 532514 838.00
VRL Log. 539118 265.00 Yes Bank 532648 1179.00
Ador Welding 517041 287.00 Hero Moto 500182 2935.00
Skipper 538562 134.00 GSK Cons. 500676 4989.00
EID Parry 500125 248.00 IPCA Labs. 524494 536.00
SMART
INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
[email protected]
EXPECT A PULL-BACK; NOT A REVERSAL

QUESTION IS 'WHEN', NOT 'IF'
As expected the indices continued to move inside the trading range created by the big white
body candle last Wednesday. The two questions on the mind of every market participants is 'If the
Correction is over' and 'whether the Nifty 8000 hold'. The answers are very clear, the Correction
continues and the Correction levels are placed at Nifty 8150-7897-7644. As far as the Nifty 8000
level is concerned, the question is 'when' and not 'if'. But as certain studies show, a Pull-back
cannot be ruled out in the short term but the trend will remain Bearish.
Technically Speaking :- Sensex opened the week at 26809, made a high of 26809, low of
26106 and closed the week at 26150. Thus it closed the week with a loss of 668 points. At the
same time the Nifty opened the week at 8284, made a high of 8288, low of 8048 and closed the
week at 8074. Thus the Nifty closed the week with a loss of 222 points.
On the weekly charts, both Sensex and Nifty have formed an Opening black body Marubuzo
which is in line with continued bearishness. On the daily charts, both the indices have formed a
small black body candle like a Spinning Top. Last two days have formed neutral formations which
indicate that the momentum on the downside has reduced. Thus weekly candlestick study indi-
cates a bearish bias in the near term.
Last week, both the indices have left behind a Bearish Gap between Sensex 27344-27457 and
Nifty 8460-8510 which will act as strong hurdle going forward. Also this Gap can be considered as
Last Weeks Recommondation This Weeks Recommendations

Stocks Reco.Price TGT Reached Lot Size Profit
Sell Ultratech 3634 3366 3275 200 71,800 Rec. Name CMP SL TGT-1 TGT-2
Sell M&M 1240 1194 1169 500 35,500 Sell OFSS 3020 3101 2897 2772
Sell HUL 802 773 783 600 11,400 Sell BajajAuto 2575 2638 2480 2383
Sell Jub.Foods 893 860 827 500 33,000 Sell HDFCBank 1211 1236 1173 1134
Sell Wockhardt 784 729 723 600 36,600 Sell ZeeEnt 447 458 430 412
Total 1,88,300 Sell Bata 425 436 408 390
:::: INDEX LEVELS ::::

S3 S2 S1 Close R1 R2 R3
NIFTY 7749 7873 7978 8074 8188 8287 8398
SENSEX 25061 25430 25827 26150 26583 26925 27344
SMART
INVESTMENT
a Measuring Gap. Thus as per Gap theory, the target falls at Sensex - 25724 and Nifty - 8002.
As per Pattern analysis, both the indices have formed a Bearish Rising Wedge formation and
the extended target as per that formation falls at Sensex 25073 and Nifty 7656.
The current fall is a Retracement of the entire rise from Sensex 22494 to 29077 and Nifty from
6825 to 8968. Thus, the relevant Correction levels are placed at Sensex 26562-25786-25009 and
Nifty 8150-7897-7644.
MACD and Price ROC are both negative and continue in Sell mode. RSI (26) continues to
remain below the centreline, indicating bearish momentum. Stochastic Oscillator %K (12) is below
%D, indicating a continuation in Sell mode. Sell signal on Bollinger band continues. ADX has
improved to 36 which suggest that downward trend has become very strong. Directional Indica-
tors continue in Sell mode as +DI remains below -DI. MFI (22) suggests Negative Money Flow.
OBV continues in Sell mode, making lower Top, lower Bottom formation. Thus even though Oscil-
lators are suggesting a bearish bias, a minor Pull-back cannot be ruled out as RSI and Stochastic
are in oversold zone.
This week, both the indices continued to remain below the short term average of 20dma (Sensex
- 27385 and Nifty - 8465), the medium term average of 50dma (Sensex - 27939 and Nifty - 8629)
and even the long term average of 200dma (Sensex - 26613 and Nifty - 8137). Thus the trend in
the short term and medium term timeframe remains bearish whereas the trend in the long term
timeframe has now turned Bearish.
Options data for November series indicate highest Call Open Interest build-up shifted to the
strike of 8500 and highest Put build-up remains at 8000. Thus Options data suggests a wide
trading range with resistance coming in at 8500 and support at 8000.
SMART
INVESTMENT
Terrific Shots - Dilip K. Shah
Can Fin Homes (Rs1507.00) (Code: 511196) :- The company was set up in 1987 as
joint venture of Canara Bank, HDFC and UTI. It has more than 120 branches and 50 satellite branches.
As against equity of Rs26.62 crore, the company has reserves of Rs851.42 crore. The promoters hold
43.45% and public hold 56.55% stake in the company. In September quarter, the company's income
increased from Rs263.38 crore to Rs332.38 crore, while profit increased from Rs32.38 crore to Rs55.06
crore with EPS of Rs20.68. The company could achieve EPS of Rs90 by end of the current financial
year. It paid 100% dividend for FY2016. It may get benefit of the government's housing for all schemes.
The stock is witnessing volatile trend, so it can be bought on downward movement.
Minda Industries (Rs.294.00) (Code:532539) :- The stock prices have remained
between Rs405.35 and Rs144 during the year. The company's market cap is Rs2337 crore. The
promoters hold 74.02% and public hold 25.98% stake in the company. The promoters have increased
their stake by 3% between July and September. As against equity of Rs15.87 crore, the company has
reserves of Rs346 crore. In September quarter, the company's income increased from Rs651.72 crore
to Rs905.85 crore, while profit increased from Rs26.06 crore to Rs38.42 crore with EPS of Rs4.84. It
paid 60% dividend in FY2015 and 70% for FY2016. The company's growth is estimated at 12% be-
tween 2016&2018. The company may get benefitted from expansion plans. The stock can be bought
with long term perspective.
Kalptaru Power (Rs.233.00) (Code: 522287) :- The company is engaged in power
transmission segment, turn-key projects and construction projects. In FY 2016, the company's income
increased from Rs7198.21 crore to Rs7380.38 crore, while profit increased from Rs120.36 crore to
Rs117.54 crore with EPS of 7.64 crore. In the first six months of FY2017, the company's income
increased from Rs2116.02 crore to Rs2269.16 crore, while profit increased from Rs89.43 crore to
Rs122.34 crore with EPS of Rs7.97. As against equity of Rs30.69 crore, the company has reserves of
Rs2295 crore. The promoters hold 59.54 % stake, while public hold 40.55% stake including FIIs and
DIIs stake. The stock has witnessed strong upward movement in last few days from lower level. The
fundamentals of the company are strong and the power sector seems to have a bright future ahead. It
is begging orders from domestic and international players so the stock seems to be fit for long term
investment. The company with market cap of Rs3590 crore paid dividend of 75% for 2016.
VST Tillers (Rs.1985.00) (Code: 531266) :- The commercial vehicle company has
promoted VST Tillers Tractors Ltd in joint venture and technical collaboration with Japan's Mitsubishi
Heavy Ind Ltd. The company manufactures and trades agriculture machinery including power tillers,
tractors, power reaper, rice transplant engines, and its components. Some of the states have an-
nounced subsidy on farm equipment due to shortage of labour. Under this schemes, the farmers can
get 30-40% subsidy, so the company may be able to get benefit of the scheme. Moreover, it may also
get benefit of the Government of India's plans to open two lakh customer hiring counters (CHC). It
boasts of 45% stake in tractor market. It has network of 200 dealers and 300 vendors across the
country. It also exports its products to Africa, Russia, Myanmar and other countries, while export
components to UK and Europe. The debt free company had announced 150% dividend last year. It
seems attractive at current market rate.
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
SMART
INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
The Market is oversold,

Cautious approach on spurt in the movement
BSE Index (26150.24) :- The index is moving downward from top of 29077.27. It shows over-
sold position on daily and weekly basis, while overbought to neutral position on monthly basis. On
upward movement, beyond 26345 it may go up to 26490, 26576, 26785 with resisting level at
26872. On downward movement, below 26106 it may go down to 26050 and 25902 with support
at 25755.
Nifty Future (8074.70) :- It is moving downward from top of 8994.50. It shows oversold
position on daily and weekly basis, while overbought to neutral position on monthly basis. On
upward movement, beyond 8139 it may go up to 8193, 8220 with resisting level at 8320. On
downward movement, below 8040 it may go down to 7993 with support at 7927.
Bank Nifty future (18993.25) :- It is moving downward from top of 20332. It shows
towards oversold position on daily and weekly basis, while overbought to neutral position on monthly
basis. On upward movement, beyond 19175 it may go up to 19300, 19385, with resisting level at
19440. On downward movement, below 18925 it may go down to 18865, 18730 with support at
18600.
Apollo Hospital (1196.25) :- It shows downward movement from major top of 1538. It
shows oversold position on daily, weekly and monthly basis. On upward movement, beyond 1215
it may get resisting level at 1260. On downward movement, below 1160 it may go down to 112.
Aurobindo Pharma (722.40) :- From top of 895, the stock is moving downward. It
shows oversold position on daily and weekly basis, while overbought to neutral position on monthly
basis. On upward movement, beyond 738 it may go up to 758 with resisting level at 778. On
downward movement, below 698 it may get support at 679 and on further downward movement to
659 and 640.
Reliance (987.50) :- It is on downward movement from top of 1129.55. It shows towards
oversold position on daily basis, oversold on weekly basis and overbought to neutral on monthly
basis. On upward movement, beyond 998 it may go up to 1011 with resisting level at 1029. Don't
have bearish outlook beyond this point. On downward movement, below 963 it may go down to
938 with support at 925.
Tata Motors (471.25) :- It is moving downward from top of 598.40. It shows oversold
position on daily and weekly basis, while overbought to neutral position on monthly basis. On
upward movement, beyond476 it may go up to 476, 485, 505, 515 and 536. On downward move-
ment, below 450 it may go down to 443 with support at 433.
disclosure : The Recommendations are based on technical analysis. There is a risk of loss in
trading.
-: Golden quote :-
If you want to be strong, learn how to fight alone
SMART
INVESTMENT
Dilip Davda Best Buy
Elgi Equipment,
e-mail Expert’s Eye
[email protected] Arfin India,
Shree Pushkar
Slide continued with FIIs exit

More erosion likely
The four session week turned panicky as FIIs continued their selling spree across the board
and market kept testing new lower bottom day by day. US Fed is set to hike rates as Trump will
initiate action for uplift of US economy. On domestic front, demonetization kept pressure on bank-
ing and corporate sectors with retail markets taking desert like look. For GST bill passage too
possibility looked remote as opposition kept the Government on their toes on demonetization
issue. Although all acclaimed government's demonetization move, poor handling of the situation
brought some critics and opposition and corrupt entities too played spoil sport with rumor spread-
ing on likely troubles due to scares money in circulation. Although we witnessed range bound
trades, market kept sliding to test new recent lower bottoms. BSE Sensex closed in red for all days
while NSE posted mere gain in mid week session.
During the four session week, NSE Nifty and S&P BSE Sensex moved in the range of 8288.58-
8048.30 and 26809.61-26106.78 respectively.
Stampede has announced Secondary Market :- All markets were closed on

DVR bonus shares in the Monday market on account of Guru Nanak Jayanti. Ad-
ratio of 1 DVR share against vance Syntex announced bonus in the ratio of 3 shares
4 equity shares held. for every 20 shares held.
With poor opening on Tuesday markets marked heavy
Dividend Announcements fall post noon on FII pressing sell button across the board.
Atul Auto (55%), Aurobindo NSE Nifty lost 187.85 points to close at 8108.45, mirror-
Pharma (125%), Captain Poly ing similar trends, BSE Sensex marked mega deficit of
(2%), DCM Shriram (35%), 514.19 to end the day at 26304.63. All out selling on
Hindustan Adhesive (10%), Private Banking, Auto and Metal counters kept market
Kushal Tradelink (30%), Maan
on a sliding mode. Even Mid and Small cap counters
Alum (10%), Mayur Uniqo (5%),
witnessed heavy selloffs in a panic. Surge in Crude Oil
Polyplex Corp (30%), Sandur
also dampen the sentiment.
Manganese (20%), Vidhi Dye-
stuff (20%), Vipul Ltd (1%), As- Wednesday markets opened firm on a positive note,
tral Poly (20%) etc.
SMART
INVESTMENT
but as the day progressed fresh selling from FIIs and operators kept market in limbo to close with
divergent trends. NSE Nifty marked mere gain of 3.15 points to end the day at8111.60, BSE
Sensex posted tiny deficit of 5.94 points to close at 26298.69. Besides stock market, high volatility
was marked in forex as well as in Crude Oil prices. FII continued to be the net sellers. Firm dollar
brought some buying in IT counters while Auto shares surged on short coverings. Mid and Small
cap counters continued to be under selling spree. Banking, Pharma counters lead the doom.
Engineers India announced bonus in the ratio of 1 share for every 1 share held.
On Thursday markets opened with a divergent note, but closed in red as selling continued at
every rise. NSE Nifty lost 31.65 points to close at 8079.95 and BSE Sensex marked deficit of
71.07 points to end the day at 26227.62. Financial liquidity crisis kept all on their toes to sell at
every rise. Index based selling was the order of the day. Mid and Small cap counters too remained
under selling pressure. Surge in Crude Oil prices brought some value buying on OMC counters.
Pharma counters too marked short coverings. However, FIIs remained net sellers, while DIIs
turned net buyers. Greensignal IPO extended till 22.11.16 with revised price band of Rs. 68-76.
Although the IPO got over 1 time subscription from HNIs and Retail, no subscription from QIBs
that had large reserve portion forced it for extension.
On Friday after opening on firm positive notes, market turned shaky and closed in red. NSE
Nifty marked loss of mere 5.85 points to end the day at 8074.10, BSE Sensex posted deficit of
77.38 points to close at 26150.24. Closing levels were around its sentimental lower bottom for a
while, opined analysts. Although counters like NTPC, Eicher Motors, Sun Pharma, Bharti Airtel,
Heromoto Corp surged, selling on counters like Zee Learn, Asian Paints, Tata Steel, GAIL and
Infratel kept check on the indices. Northward move was marked for PSU Banks, Power and Auto
counters. Howeever, uncertainties following Donal Trump's win for US economy and the demon-
etization issue on domestic front coupled with rising problems for cash liquidity kept markets in
limbo for a while. Indices closed at a six months' low. Stampede has announced DVR bonus
shares in the ratio of 1 DVR share against 4 equity shares held.
During the week of see-saw mode, indices marked net weekly Losses of 222.20 points and
668.58 points for NSE Nifty and BSE Sensex.
Continued FII exit forced Rupee to mark recent new low of around Rs. 68.10 a dollar. Crude oil
hovered around 45$. Higher dollar ruled out fresh cut in petroleum products. World started worry-
ing about US likely policy post Trump taking full charge kept FIIs on selling mode from emerging
markets. Demonetization too raised concern as many analysts predicted poor Q3 for finance
sector in particular and the others in general. Up roar in Parliament against demonetization bring-
ing its proceedings to a halt also kept operators on their toes. As the ensuing week has derivatives
expiry, market will be in high volatile mode. Thus under the rising uncertainties for a while Nifty
and Sensex may move in the range of 8350-7850 and 27100-25200.
SMART
INVESTMENT
Scrip Watch :- Following scrip may be kept on radar for strategic investment ideas for medium
to long term.
Elgi Equip (BSE Code 522074) :- This industrial machinery sector company has (on a
consolidated basis) posted net profit of Rs. 40.57 crore on a turnover of Rs. 696.96 crore for the
H1 of FY 16-17 against net profit of Rs. 17.41 crore on a turnover of Rs. 673.74 crore for the
corresponding previous period. For FY 15-16 it reported net profit of Rs. 63.40 crore on a turnover
of Rs. 1421.50 crore. As on 30.09.16, equity capital of Rs. 15.85 crore is supported by free re-
serves of Rs. 565 crore plus. Scrip is worth considering at declined levels for medium to long term
rewards. It currently quotes around Rs. 172.95 against 52 week High/Low of Rs. 205/119, FV Re.
1.
Arfin India (BSE Code 539151) :- This non ferrous metal sector company of has
posted net profit of Rs. 6.28 crore on a turnover of Rs. 185.83 crore for H1 of FY 16-17 against net
profit of Rs. 3.06 crore on a turnover of Rs. 150.67 crore for corresponding previous period. For FY
15-16 it posted net profit of Rs. 6.61 crore on a turnover of Rs. 306.89 crore. As on 30.09.16,
equity capital of Rs. 3.02 crore is supported by free reserves of Rs. 26 crore plus. Scrip may be
considered at declined level for long term investment. It currently quotes around Rs. 384.00 against
52 week High/Low of Rs. 464/97, FV Rs. 10.
Shree Pushkar (BSE Code 539334) :- This chemicals and fertilizers sector company
has posted net profit of Rs. 15.08 crore on a turnover of Rs. 144.33 crore for H1 of FY 16-17
against net profit of Rs 10.63 crore on a turnover of Rs. 120.71 crore corresponding previous
period. For FY 15-16 it posted net profit of Rs. 22.29 crore on a total income of Rs. 248.70 crore.
As on 30.09.16 its paid up equity capital of Rs. 30.22 crore is supported by free reserves of Rs.
147 crore plus. It currently quotes around Rs. 161.75 against 52 week High/Low of Rs. 196/71, FV
Rs. 10.
DISCLAIMER : No financial information whatsoever published anywhere here should be construed as an offer to
buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational
and information purposes only and under no circumstances should be used for making investment decisions. Read-
ers must consult a qualified financial advisor prior to making any actual investment decisions, based on information
published here. Any reader taking decisions based on any information published here does so entirely at own risk.
Above information is based on the details available as on the date along with market perceptions. Author has not
traded in above three stocks mentioned in Scrip Watch during last one month and has no holdings or plans to invest
in any scrip referred above.
(THE AUTHOUR IS SEBI REGISTERED RESEARCH ANALYST) (Email: [email protected] )
SMART
INVESTMENT
Scrip Watch - Dilip K. Shah
Indraprastha Gas (Rs. 838.00) (Code : 532514) (F. V. : 10.00) : Indraprastha

Gas stock rallied in a weak market last week after the company reported a 42 per cent surge in net
profit to Rs 144 crore for the quarter ended September 30. Net sales edged 0.35 per cent lower at
Rs 962 crore for the September quarter, compared with as against Rs 965.81 crore in the corre-
sponding quarter last year. Operating profit margin for the quarter expanded to 25 per cent from
20.54 per cent in the year-ago quarter. IGL has been a key beneficiary from the recent focus by
the judiciary and state/central government on the increase in air pollution in Delhi. Volume growth
for both CNG and PNG has seen a sharp rebound in the past few quarters. Volumes growth could
further improve and IGL may positively surprise on margins. Most of the brokerages are bullish on
this stock. Accumulate.
KNR Constructions (Rs. 738.00) (Code : 532942) (F. V. : 10.00) :- KNR
Constructions has reported 22.25 per cent decline in net profit to Rs 43.92 crore for the quarter
ended on September 30, 2016. The company had reported a net profit of Rs 56.49 crore for July-
September quarter of 2015-16, the company said in a BSE filing. Its total income from operations
during the quarter stood at Rs 373.49 crore as against Rs 216.94 crore. However, there are
positives for the company in days to come. Its order book is very strong. In an another develeopment,
KNR Constructions has agreed to sell its entire equity stake in two build–operate–transfer (BOT)
road assets to an Essel group company.The enterprise value of the two road assets – Patel KNR
Infrastructure Ltd (PKIL) and Patel KNR Heavy Infrastructure Ltd (PKHIL) – is Rs 850 crore. It will
make KNR’s balance sheet stronger.The stock has corrected significantly and then again seen
speedy recovery. Buy this momentum stock.
SBI (Rs. 275.00) (Code : 500112) (F. V. : 1.00) :- State Bank of India has collected
Rs 1,14,139 crore in deposits in last seven days after the government announced demonetisation
of Rs 500 and Rs 1,000 notes. The bank saw 240.90 lakh cash deposit transactions between
November 10 and November 16 up to 7 pm, SBI said in a statement. It exchanged Rs 5,776 crore
of old Rs 500 and Rs 1,000 notes since November 10. There were 151.93 lakh cash withdrawal
transactions amounting to Rs 18,665 crore. People are allowed to exchange Rs 4,500 worth of old
Rs 500 & Rs 1,000 notes per day.Goldman Sachs has revised FY17/18/19 EPS by 3.2 percent/
0.5 percent/-4.4 percent on Q2 trends. It maintains target at Rs 279 per share and retains buy
rating on better risk-reward versus other PSU banks. Nomura has buy call with target increased to
Rs 325 from Rs 300 per share. Credit Suisse maintains neutral with target unchanged at Rs 247
per share. Deutsche Bank has buy call with target at Rs 295 per share. Citi has a buy Call on the
stock with target at Rs 320 per share.
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
SMART
INVESTMENT
Market Tips - Dilip K. Shah
Ador Welding (Rs. 287.00) (Code : 517041) (F. V. : 10.00) :- Ador Welding
(AWL) is a total solutions provider offering an up-to-date suite of welding and cutting consumables,
power sources and accessories besides a full package of soft skills and knowledge development
for welding and fabrication excellence. Huge investments have been made in the project engi-
neering business. India’s largest welder has globally accepted products and services. There are
300 plus distributors in India. The international business division (IBD), located in Sharjah (UAE),
handles business in over 40 countries. Automation solutions and consumables are provided to
automobile manufacturers and their ancillaries. The automotive plants serve Tata Motors, Hindustan
Motors, Maruti Suzuki India, Ashok Leyland, Force Motors, Yamaha, Bajaj Auto, Mahindra &
Mahindra, International Auto and Wheels India.The oil and gas industry accounts for 23% of the,
followed by heavy engineering (15%), chemicals & fertilizers (13%), power (12%), shipbuilding
(9%), infra and auto (8%) and railways (5%).Sales increased 11% to Rs 112.03 crore and the
operating profits margins (OPM) improved 160 basis points (bps) to 9.1% from 7.6%, boosting
operating profit (OP) 34% to Rs 10.24 crore in the September 2016 quarter over a year ago. Net
profit was up 56% to Rs 5.24 crore.The stock is worth accumulating in phased manner.
Bharat Forge (Rs. 907.00) (Code : 500493) (F. V. : 2.00) :- Bharat Forge Ltd
(BFL) reported net sales of Rs. 935 crore, decreased by 19.5% yoy and 2.1% qoq basis. The
EBIDTA stood at Rs 247 crore, a decline by 22.9%. EBIDTA margins stood at 26.5% respectively.
Net profit declined 27.5% at Rs 127 crore. However, there are number of positives ahead for the
company. Renewed domestic demand for automobile and industrial products are few of
them.Margins are expected to improve in H2FY17 as change in product mix will yield result and
as effect of de-stocking fades. With a strong focus on product innovation in globally scalable
segments like aerospace, passanger cars etc., Bharat Forge is expected to see a significant ramp
up in profitability over the next 3-5 years. Buy.
M & M (Rs. 1239.00) (Code : 500520) (F. V. : 5.00) :- : Mahindra & Mahindra
(M&M) is India's largest tractor maker. It has demonstrated that high base effect cannot be a
deterrent to outperform the industry's growth, even during challenging times. M&M's tractor vol-
ume growth in the last one year has risen to 20.3% versus the industry average of 8.36%. Subse-
quently , the company also gained nearly 230-bps market share over the period, taking it to an all-
time high of 43.3% in the September quarter. M&M's management recently upgraded its industry
tractor volume guidance for the current fiscal to 20% from 15% earlier. For M&M, market is factor-
ing in tractor volume growth of 25% and 12% in FY17 and FY18, respectively. Tractors account for
almost a third of M&M's total sales. M&M's tractor segment margin expanded by 180 basis points
to 17.7% in the September quarter, enabling the company to report margin improvement despite
the fact that its automotive segment's margin dropped 130 basis points to 8.3%.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
SMART
INVESTMENT
SMART TIPS Smita N. Zaveri
Meghmani Organics (Rs. 39.00) (Code: 532865) :- The shares of this specialty
chemicals producer have face-value of Re. 1. The B group listed share touched a high of Rs. 52
and low of Rs. 18 in the last 52 weeks. The company has facilities to produce agro chemicals and
basic chemicals in Dahej, Bharuch. The company has expanded in a big way in the last five years,
and has presence in over 75 countries. Its domestic and international clients number more than
400. It has received nod for launching a technical product in USA. The Rs. 6,000-crore company
is a leading player in the world in colour pigment production, and is also a leading pesticides
producer in India. For the first half of the year, sales were up 10% to Rs. 808 crores, operating
profit margin surged 350 basis points to 19.1%, operating profit zoomed 35% to Rs. 154 crores,
while net profit was up 62% to Rs. 60.46 crores. Meghmani's income is expected to cross Rs.
2,000 crores in two years. It has debt of just Rs. 50 crores. The stock can deliver 25 to 30% returns
in the short to medium term.
Navneet Education (Rs. 106.00) (Code: 508989) :- The stock of Gujarat-based
Navneet Education has face-value of Rs. 2. The share touched a 52-week high of Rs. 114 and low
of Rs. 76. It is a leading player in education printing business in Gujarat. It also has presence in
Maharashtra and Karnataka. The company comes out with various books, guides, notebooks and
other publications. The first six months of FY 2016 have been bad for the company. It is expected
to benefit from the new education policy the central government is coming out with. For Septem-
ber quarter, Navneet reported income of Rs. 171.4 crores and net profit of Rs. 18.58 crores. The
company has announced that it would buy back 46.57 lakh shares at a price of Rs. 125. There is
a difference of almost 20% between the current price and offer price. Its business is expected to
increase by 6 to 7% after acquisition of Encyclopaedia Britannica India. The share can be seen
making fresh 52-week highs in the near future.
Dish TV India (Rs. 91.00) (Code: 532839) :- The shares of this broadcasting and
cable TV sector company are listed in the A group and have face-value of Re. 1. The share
touched a high of Rs. 109 and low of Rs. 65. The subscription numbers and revenue guidance of
the country's largest DTH company have been hit in FY 2017 due to tough competition. The share
is likely to be re-rated following merger of Videocon D2H with it. The number of subscribers of Dish
TV Videocon will be 27.6 million, of whom 1.3 million are high definition subscribers. For Septem-
ber quarter, Dish TV reported consolidated income of Rs. 776 crores and net profit of Rs. 70
crores. According to Bloomberg data, the company's income is pegged at Rs. 6631 crores and Rs.
7497 crores for 2016-17 and 2017-18 respectively. The stock is attractively priced.
Corporation Bank (Rs. 48.00) (Code: 532179) :- The shares of this public sector
bank are listed in A group. The shares have face-value of Rs. 2. The share touched a 52-week
high of Rs. 51 and low of Rs. 30. The bank was established in 1980 and has its registered office at
Mangaluru in Karnataka. In 2014, the bank tied up with Thomas Cook and Mastercard. In 2015, it
launched Tier I bonds, and signed MoU with New India Assurance. For September quarter, the
bank reported income of Rs. 4,956 crores and net profit of Rs. 206.28 crores. The bank's NPA
doubled to 10.81%. The bank's equity is Rs. 204.50 crores, net-worth Rs. 11,366 crores, debt Rs.
2,18,283 crores, total assets Rs. 2,34,863 crores, and market cap Rs. 5563 crores. The book-
value of the share is Rs. 93, which is nearly double the current price. The stock can be seen
making fresh highs in the short to medium 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 18th November 2016 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
SMART
INVESTMENT
Smart super duper - Dilip K. Shah
VRL Logistics (Rs.265.00) (Code:539118) :- The company was set up in 1976 with
commercial logistics and started passenger logistics in 1996. The company's market cap is 2425
crore. In the first six months of 2017, the company's income increased from Rs875.06 crore to
Rs908.70 crore, while profit decreased from Rs64.37 crore to Rs40.34 crore with EPS of Rs4.69.
The company has presence in 28 states and 4 union territories and owns fleet of 3872 trucks. It
may get benefit from implementation of GST and lower prices of diesel and petrol. The promoters
planned to enter into the aviation sector but dropped it due to poor sentiments in the market and
poor results. The stock may be brought from long term perspective.
Skipper Ltd (Rs.133.00) (Code:538562) :- The Kolkata-based company manufac-
tures industries power transmission, telecom and tower, PVC, GI, SWR pipes and fittings. As
against equity of Rs.10.23 crore, the company has reserves of Rs367.69 crore. The company's
market cap is Rs1370 crore. It paid 140% dividend for FY2016. In September quarter, the company's
income increased from Rs368.05 crore to Rs402.72 crore, while profit decreased from Rs30.29
crore to Rs22.64 crore with EPS of Rs2.21. The company's bottom line has witnessed a dent but
topline and order book have become stronger. The stock has witnessed a considerable correction
so there are bleak chances of further downward trend.
Motherson Sumi (Rs.290.00) (Code:517334) :- The biggest auto ancillary manu-
facturer of the country supplies electrical distribution systems, polymer products and complete
module systems. It is the biggest EDS supplier to Indian automotive sector and its clients include
Walks wagon, Hyundai, Maruti Suzuki, BMW, Renault, Nissan, Ford, Mercedes Benz, General
Motors, Volvo, M&M and Toyota. It has issued bonus shares seven times since 1997 apart from
giving regular dividends. In the first half of FY2017, the company's income increased from
Rs17918.19 crore to Rs20956.91 crore, while profit increased from Rs759.70 crore to Rs919.21
crore with EPS of Rs4.99. The stock is being quoted at PE of 26, which used to stand at PE of 50-
55 at one point of time. The value is attractive and can be considered for investment.
Salzer Electro (Rs.185.00) (Code:517059) :- The stock prices remained between
Rs267 and Rs160 during the year. As against equity of Rs13.64 crore the company has reserves
of Rs177.62 crore. In the first six months of FY2017, the company's income increased from Rs172.09
crore to Rs181.18 crore, while profit decreased from Rs9.67 crore to Rs9.55 crore. The promoters
had issued 10 lakh convertible warrants last year and also issued 26.41 lakh shares through QIP
at price of Rs235 to raise Rs62.06 crore. The company manufactures electric products and its
switchgears are marketed by L&T. The company may benefit from increasing housing construc-
tion activities in the country. The promoters paid 16% dividend for FY2016. It can be considered
for long term investment as the stock prices have touched 52 week bottom.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
SMART
INVESTMENT
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Aurobindo 722.00 A.B. Nuvo 1190.00
Mawana Sugar 43.00 Tata Global 120.00 SBI 275.00 Zee Enter 446.00
M. T. Educare 112.00 Kalpataru Power 234.00 Sun Pharma 688.00 ITC 227.00
Manappuram Fin. 75.00 Ambuja Cement 198.00 Symphony 1188.00 Sun TV 459.00
Renuka Sugar 13.00 Power Grid 192.00 Wabco India 5022.00 Tata Steel 385.00
Corporation Bk. 49.00 KNR Const. 739.00 BPCL 643.00 Deepak Fert. 186.00
IDEA Cellular 71.00 Dhwarkesh Sugar 255.00 Tata Motors 471.00 HDFC Bank 1211.00
Vardhman Poly 79.00 REC 132.00 GAIL 427.00 Asian Paints 908.00
Oudh Sugar 96.00 MOIL 314.00 Cadila HC 373.00 Pidilite 615.00
J. M. Fin. 58.00 NTPC 158.00 V-Guard 174.00 Titan 303.00
Uttam Sugar 48.00 Hindalco 165.00 HIL 611.00 Concor 1220.00
PTC India 69.00 Jagdamba Polymers 560.00 Bharti Air. 303.00 JSW Steel 1690.00
PTC India 69.00 BHEL 134.00 United Brewries 854.00 SRF 1450.00
PNB 149.00 Dhampur Sugar 113.00
Heidelberg Cem. 105.00 JSPL 67.00
SMART
INVESTMENT
A.J. Diwan (Mumbai)
Diwan-E-Khas E-mail : [email protected]
Problem in Markets
Whether it's Manufacturing Market or sales or stock markets, we have problems. This is mount-
ing as days goes by after PAK attack on border 8000 of Nifty and 30000 on Sensex has only
become dream for some time After P.M. announced about scraping of two currencies in last ten
days Nifty has touched 8000 mark and index after touching 25000 closed at 26150. After step
decline we may see some 150/200 points corrctions. It may be as profit booking or November
closing of F&O. We feel that investors should wait and watch and go for stocks with some very
good news or based on fundamentals.
On basis of news we feel that sun Pharma is good after company received warning letter from
U.S. for Halol plant, Share nosedived. Now it is said that there is re-inspection and smooth func-
tioning is possible. On Friday share has very positive reaction.
On decline slowly fund may be blocked. On fundamental ground we feel that Petronet is very
good. The company has come out with very positive results. The last quarter profit has jumped
82%.in absolute term net profit has come to 4560 Cr. against Rs.255 crores. This is good share to
accumulate as management is confidante that if gas price remains stable, profitability should be
maintained.
When I see Reliance comm.. price of Rs. 38, I remembered one NRI Dr. who was advised to
buy 8000 shares at just Rs.850 ?. The support price is Rs.35.
Now days Reliance name is coming up in Whats-up etc that Reliance had known in advance
about scraping of currencies. We are sure that there is no truth in it but share price has come in
three figures. Rs 975 is very solid support for the share.
Tata Motors :- After Mistry Episode share price has got beating. The fall in purchasing power of
masses also have adverse effect on sales for next quarter. On rise short tern traders may go short.
IOL Chem. :- From Rs 80 share price went up to Rs 154 and now below Rs.100.around Rs. 95
one may start slowly investing as genetic medicine has a good market.
A Banks stock has mixed reaction but we feel that it not worth buying at higher levels.
On Friday breath of market was not so negative so some upward correction is possible if no
political setback on week end.
SMART
INVESTMENT
Investment Ideas - Pratit Patel
Nifty (8074) :- For next week NIFTY has strong support around 8002 levels. Break will take
it to 7927 levels. On the upper side NIFTY will face strong hurdle at 8151 levels, cross over with
volume and close above will create short covering at take NIFTY up to 8205-8290 levels…
Bank Nifty (18959) :- For next week BANK NIFTY has strong support around 18825
levels. Break will take it to 18670-18445 levels. On the upper side BANK NIFTY will face strong
hurdle at 19085 levels, cross over with volume and close above will create short covering at take
BANK NIFTY up to 19255-19330-19610levels…
Union Bank (532477 & NSE) (157.25) :- Union Bank operates a network of 4200
branches, including 4 foreign branches; and 6883 ATMs.It has a share book value of Rs.297.73&
price to book value ratio is just 0.53 which is impressive.Technically after one year stock has given
closing above Rs.155 levels which is positive sign. One can accumulate this stock between Rs.152-
156 keeping stop loss of Rs.142. On the upper side stock will zoom up to Rs.175-185 levels in
medium term…
Engineers India (532178& NSE) (283.50) :- Engineers India Limited, an engineer-
ing consultancy company, provides design, engineering, procurement, construction, and integrated
project management services primarily for oil and gas, and petrochemical industries in India. The
company operates in two segments, Consultancy & Engineering Projects, and Turnkey Projects.
It has an equity capital of just Rs.168.47crore supported by reserves of around
Rs.2562.22crore.During H1FY17, its net profit zoomed to Rs.174.06crore from Rs.126.30crore in
H1FY16. Company has declares 1:1 bonus. Technically, after long consolidation stock has given
break out on chart which is positive sign. One can buy this stock around Rs.275-280 keeping stop
loss of Rs.255. On the upper side stock will zoom up to Rs.330-335 levels in medium term…
GSPL (532702& NSE) (154) :- Gujarat State Petronet Limited transmits natural gas
through pipeline on an open access basis from supply points to demand centers in India. The
company develops energy transportation infrastructure and connects natural gas supply sources,
including LNG terminals to various markets in Gujarat. As of March 31, 2016, it owned and oper-
ated approximately 2348 kilometers of gas transmission pipeline. The company transports ap-
proximately 22.99 MMSCMD of natural gas to refineries, steel plants, fertilizer plants, petrochemi-
cal plants, power plants, glass industries, and other miscellaneous industries, as well as to tex-
tiles, chemical, and city gas distribution companies. It also generates and sells electricity through
windmills.
It has an equity capital of just Rs.563.34crore supported by reserves of around Rs.3432.45crore.
Company has posted steady numbers in Q1FY17 & company will declares Q2FY17 numbers on
30th November. Stock is looking hot for investment purpose. One can buy this stock keeping stop
loss of Rs.140. On the upper side stock will zoom up to Rs.185 levels in medium term & Rs.230
levels in long term…
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 responsi-
bility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.
SMART
INVESTMENT
NIKHIL BHATT
MARKET TREND (+919979380808)
WWW.INVESTMENTPOINT.IN
PERIOD : 21-11-2016 to 25-11-2016
NIFTY F&O RANGE @ 8797 TO 8181 POINT IN SHORT TERM…!!!

Dear Friends,
NIFTY FO CLOSED @ 8070 AS ON 18.11.2016..!!
NIFTY FO has resistance at 8108 - 8130 Level; above which other resistance levels are at 8147
- 8166 Level with highly Volatile Trend.
In Downside support levels are at 8053 - 8030 Level; below 8030 Level, other support levels
are at 8018 - 8797 Levels. I am positive for next week above 8130 Level but be with the trend. Let
the market decide further moves. As we are saying from many days Buying is suggested in falls
only...and it's still a better strategy in the given Scenario...!!! Regarding long term positions, it is
preferable to remain cautious now...!!
If NIFTY crosses 8166 Level, again then the upper side target is quite high and it may touch
8181 Level in short term...!!!
GOLDEN STOCKS FOR THE PERIOD: 21.11.2016 TO 25.11.2016
1. ACC (1312) : It is suggested to buy @ Rs 1303 with SL of Rs 1290 for the target of Rs
1330 - 1347; below Rs 1290 it can fall up to RS 1281 - 1271 levels. If it crosses Rs 1353 level than
expect nonstop rally up to Rs 1366....!!
2. Century Textiles (753) : Operator based Game start in this stock, BUY @ Rs 741
With SL of Rs 730 for the target of Rs 771 - 790 level below Rs 723 it can show further downfall up
to Rs 717…!!!
3. Welspun Ltd. (61) : Buy delivery of this stock near @ Rs 53 with SL of Rs 48 for the
target of Rs 71 - 77 level. It is very good for medium term position also…!!!
4. BATA India (421) : This stock is looking very good to buy @ Rs 411 with SL of Rs 403
for the target of Rs 433 - 448 Levels below Rs 398 is stock shall witness free fall…!!!
5. BPCL (640) : Buy @ Rs 631 levels considering minor support of Rs 621 and stop loss of
Rs 611 for an upper target of Rs 655 - 671 levels. Below Rs 611 it can slip up to RS 607 - 600
levels…!!!
6. Indian Bank (261) : Operator based buying has been there in this stock. Buy @ Rs 251
with SL of Rs 237 for the target of Rs 274 - 288 levels it is very good for long term position also…!!!
7. Bajaj Corp. (381) : Trading point of view BUY @ Rs 371 With SL of Rs 361 for the target
of Rs 391 - 404 level below Rs 361 It can show further downfall up to Rs 351…..!!!
8. Kinetic Engg. (74) : Buy delivery of this stock near @ Rs 66 with SL Rs 61 for the target
of Rs 81 - 88 level. It's very good for long term position also…!!!
9. Thiru Sugar (51) : For medium term buying is suggested @ Rs 44 with SL Rs 41 for the
target of Rs 58 - 63 level. Below Rs 37 it can show further downfall…!!!
10. Reliance Ind. (987) : It is suggested to SELL with SL Rs 993 for the target of Rs 977
- 968 below @ Rs 968 it can slip up to Rs 961 - 957 level. Above Rs 1008 level will take the stock
to Rs 1011 - 1021…!!!
SMART
INVESTMENT
Primary Market - Dilip K. Shah
Victory of Trump in US and demonetization in India lead to Uncertainty in Indian Markets

Primary Market in gulf of bearish trend: First IPO of Samvat 2073 - Green Signal - sees Red
Green Signal Bio gets poor response:
Despite extending limit for two times it may devolve
Sheela Foam and C.L.Educate all set to enter into the market next month
Cash Crunch for retailers, Budget on February 1st and Christ-
mas Vacation of FIIs will create problems for IPO market
Green Signal Bio gets zero response in QIB, so subscription date extended and offer price lowered
Laurus Labs' Rs1000 crore and Sheela Foams' Rs510 crore IPO's approval will lapse in December
NSE to create history with Rs10,000 crore IPO: NSE will offer 25% stake through OFS
Troubles in capital market may lead to failure of disinvestment plans of the government
SME IPOs get popularity in India: Ahmedabad tops in first half of FY2016
Vodafone IPO in limbo due to price war with Jio and huge losses
Expedia owned Trivago will file documents for listing on NASDAQ
Victory of Donald Trump in US presidential election and demonetization in India has taken
a toll on Indian share markets so the Indian index has hit 6 month bottom. IPO market has
also be engulfed by bearish sentiments. As a result, Green Signal Bio's IPO has been ex-
tended for two times, which is a history in itself.
The companies that were on its toes to enter into the market have to postpone their IPOs
due to poor sentiments. Varun Beverages' IPO got listed on discount and is also being
traded on discounted rates, making the things worst.
As a result of demonetization, the whole nation is in tizzy. Therefore, the government is
not likely to achieve its disinvestment target of Rs56100 crore
As per the reports from the market, Seven companies were planning to raise Rs2500
SME IPOs in H1 2016 crore and out of that 4-5 companies had
Citywise break up - Ahmedabad No. 1 charted road-shows, but now they may put
City No. Rs. Cr. City No. Rs. Cr.
Ahmedbaad 9 102.39 Indore 1 7.66 their plans on hold as of now. It should be
Mumbai 5 56.34 Jamnagar 1 1.86
Kolkata 4 28.63 Kanpur 1 4.22 noted that the SEBI approval for Sheela
Surat 4 22.08 Narela 1 5.18 Foam's Rs510 crore issue and Laurus
Jaipur 3 13.43 Patna 1 6
Udaipur 2 7.33 Rajkot 1 49.5 Labs' Rs1000 crore issue are going to
Amritsir 1 6.21 Thane 1 30.9
Bhilvara 1 13.9 Baroda 1 2.52 expire in November, while approval for
Chennai 1 18.43 Vapi 1 3.49
Coimbatore 1 3.58 Nagpur 1 2.96 Sundaram Tech's Rs400 crore issue and
Hyderabad 1 4.2 Total 42 390.86
SMART
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. *GreenSignal 9-11-2016 1,45,79,560 68 to 76 175 Shares 1225 Shares 2450 Shares BSE IOB
36 % (Risky)
Bio Pharma 22-2-2016 Eq. Shares -- -- -- NSE
Avoid
(Book Building) (Rs. 116 Cr.)
2. Sheela Foam -- -- -- -- -- BSE Edelweiss
(Book Building) (Rs. 510 Cr.) -- -- -- NSE ICICI Sec.
* Book Running Lead Managers to the GreenSignal Bio Pharma Limited, has informed the Exchange that the issue closure
date has been further extended upto 22 Nov,2016. and Price band has been revised to Rs 68/- to Rs 76/-
SSIPL Retails' Rs200 crore issue expires Subscription Figures of GreenSignal Bio Pharma
in December. If the market sentiments do No. Shares Issue Subscribed
Offered/ 9-11-16 10-11-16 11-11-16 15-11-16 16-11-16 17-11-16 18-11-16
not improve, these companies will be Reserved
QIBs 1,09,34,670 0.00 0.00 0.00 0.00 0.00 0.00 0.00
forced to postpone their issues. More
HNI 21,86,934 0.01 0.02 0.12 0.13 0.13 1.16 1.16
details are given in separate box. Retail 14,57,956 0.26 1.59 7.98 8.73 8.74 8.91 8.83
Total 1,45,79,560 0.03 0.16 0.82 0.89 0.89 1.06 1.06
In FY2016, total 24 mainline issues have raised Rs24940 crore fund, but due to uncer-
tainty huge fund raising does not seem possible in December. Cash crunch with the retail
investors, Christmas vacation of FIIs and Budget on 1st February will create problems for
primary market.
This week's IPO :- Green Signal Bio:- The company entered into the market on Novem-
ber 9 with offer price of Rs76-80 to raise Rs116 crore. The issue was scheduled to close on
November 11 but the deadline was extended to November 17. However it got only 1 times
subscription and zero subscription was received in QIB. So the deadline was extended to
November 22 and price band was also lowered to 68-76. As of now, it has got 1.16 times
subscription in HNI and 8.83 times in retail category.
Indian Overseas Bank is merchant banker in the issue, which has been dealing with prob-
lem of exchange of old notes. Moreover, the retailers are not been able to withdrew or cancel
their applications as the bank's servers are not responding. There is no one to listing to them
at bank branches as the bank employees are already fighting the issue of long queues for
withdrawal and deposits.
Considering all circumstances, the Green Signal Bio may get RED signal. It will be a
history of a sort that IPO failed despite IPO Markets In Limbo
Company Approximate Private Eq. Sebi IPO
extending subscription limits two times IPO Size Investors Approval
and lowering the price band. (Rs. Cr.) Expiry
Paranjape Scheme 600 -- December
SME IPOs :- In the first half of FY2016- GVR Infra Projects Ltd. 400 IDFC Alternative January
Sandhar Technologies 400 GTI Capital Group December
17, Gujarati companies dominated the New Delhi Centre 300 Matrix Partners Februrary
SME IPO market as out of 42 SME IPOs SSIPL Retail Ltd. 200 Tano Capital December
SMART
INVESTMENT
17 IPOs were from Gujarat.
Upcoming IPOs:-
Sheela Foam:- Sleepwell mattresses manufacturer plans to come up with Rs510 crore
issue. It has 12 manufacturing facilities, 100 distributors, 2000 dealers and 2500 retail out-
lets. It exports its products in 25 countries. Edelweiss and ICICI Sec are lead managers.
C.L.Educate :- It is active in educational products, services, infrastructure and other busi-
nesses. It is likely to enter into the market in December with offer price of Rs600-700. The
lead manager is Kotak Mahindra.
NSE :- It is planning to divest 25% stake through OFS to raise Rs10,000 and thus creat-
ing history. Earier the biggest IPO was Rs5200 crore IPO of Coal (India), which came in
October 2010.
Vodafon : It is believed that due to price war with Jio and losses of 5 billion Euros in the
first half of the year, the company has postponed the issue.
Trivago :- Expedia owned hotel booking website Trivago has filed documents for $400
million issue on Nasdaq.
CIPLA Quality Chemicals :- It is a joint venture between Cipla India and Quality Chemi-
cals (Uganda). It plans IPO in near future.
Is Karnatak Bank's rights issue worth subscribing?

Right Share is available at huge discounts compared to market price,
Outlook is bright in long term and valuation is attractive
The oldest private sector Bank of India, Karnataka Bank was set up in 1924. It has offered
right shares in ratio of 2:1 at price of Rs70. The issue is closing on November 21. The bank's
growth has decreased in last three years and bad loans have increased. The current share price
is Rs112, which has remained between Rs162 and Rs84 during the year. Due to huge gap
between offer price and market price, the investors can get good returns in short term. Even one
could sell the shares at current price and buy rights shares to get profit in advance.
The stock seems attractive in long term due to strong hold in region and increasing focus on
retail sector. The stock is available at PE multiple of 0.7. The performance may improve with
better asset qualities and credit growth in next 3-4 years.
Other side :- Investment climate has taken a major setback in last three years due to down
turn in Indian economy. So the bank's credit growth also remained low. It has come down from
20% growth between 2009-10 and 2012-2013 to 10% in last three years. Corporate sector credit
growth has remained only 6%. However, retail credit growth has increased from 46% in 2012-13
to 53%. Margins have increased due to focus on retail sector, which has been around 2.3-2.4%.
NPA stood at 2.95% in 2013-14 which has increased to 3.4% in 2014-15. In September quarter,
the Gross NPA stood at 3.6%.
SMART
INVESTMENT
Smart Best Buy S. N. Zaveri
Hero MotoCorp rides on scooters and new models

Yes Bank : Strong Q2 and ban on currency will benefit
V-Guard Industries : Better Q2 numbers will push the stock upward
Aurobindo Pharma : Strong pharma player to bet on
GAIL rises after strong Q2 outcome
Hero MotoCorp (Rs. 2940.00) (Code : 500182) (F. V. : 2 ) :- Hero MotoCorp
is India’s largest manufacturer of two–wheelers. Its revenues grew 14% to Rs 7796.28 crore and
the operating profit margins (OPM) rose 150 basis points (bps) to 17.6%, thereby boosting oper-
ating profit (OP) 25% to Rs 1368.87 crore in the September 2016 quarter over a year ago. Net
profit was up 28% to Rs 1004.22 crore. As many as 18.23 lakh units were sold in the quarter as
against 15.74 lakh units in a year-ago period, recording a growth of 15.8%. The growth momen-
tum is backed by a series of positive factors: the successful market launch of the Splendor iSmart
110, the first motorcycle completely designed and developed in-house by the R&D team; consoli-
dation of leadership in the 125-cc segment with Glamour emerging as the largest-selling motor-
cycle in the segment in the country; and the positive trend maintained by the new scooter portfolio.
The dominant market leader in the 100-cc and 125-cc segments has more than 65% and 55%
market share in these respective segments. To expand presence in the premium segment, Hero
launched the new Achiever 150 motorcycle ahead of the festive season. Buy.
Yes Bank (Rs. 1179.00) (Code : 532648) (F. V. : 10.00) :- Yes Bank has
reported much better Q2 numbers. Its net profit jumped 31% at Rs 801 crore despite higher
provisions. Sequential growth was 9.5 percent. Net interest income, the difference between inter-
est earned and interest expended, during the quarter grew by 30.5 percent to Rs 1,446.2 crore
year-on-year on the back of robust growth in advances and CASA. Net interest margin inched up
10 basis points to 3.4 percent on yearly basis but on sequential basis, it was unchanged. Ad-
vances in Q2 registered a 37.7 percent growth while deposits grew by 29 percent. Corporate
banking accounted for 67.9 percent of the advances portfolio, while retail & business banking
constituted 32.1 percent during the quarter. Net interest income at Rs 1,379 crore for the quarter.
CASA (current-saving account) growth during the quarter was 53.2 percent YoY and 6.9 percent
QoQ with CASA ratio crossing 30 percent mark for the first time to 30.3 percent (up 25.5 percent
in Q2FY16).Net NPA was unchanged at 0.29 percent during the same period. As ban on Rs.500
and Rs.1000 currency notes has lead to huge money flowing into banks, Yes bank will also be a
beneficiary. It will make interest rates lower which might ultimately increase banking business.
Buy this stock at current level.
V-Guard Industries (Rs. 174.00) (Code : 532953) (F. V. : 1.00) :- V-Guard
Industries has rallied in recent times even in a weak market on strong Q2 numbers. Its net profit
jumped 70% to Rs 39 crore on 15% growth in total income to Rs 499 crore in Q2 September 2016
over Q2 September 2015. As market conditions are improving, products like Electric Water Heat-
ers, Pumps, Fan and Digital UPS have done extremely well in Q2 September 2016. Onam season
was positive with categories related to festive season doing well. Reduction in cost of goods sold
is due to reduced input cost and continued cost savings from supply chain initiatives. V-Guard
Industries makes consumer electrical and electronics products. The company's product range
SMART
INVESTMENT
includes Voltage Stabilizer, Digital UPS, Inverter and Inverter Batteries, Electric Water Heaters,
Solar Water Heaters, Domestic Pumps, Agricultural Pumps, Industrial Motors, Domestic Switch
Gears, Distribution Boards, Wiring Cables, Industrial Cables, Induction Cooktops, Mixer Grinders
and Fans. The mid-cap company has equity capital of Rs 30.18 crore. Face value per share is Rs
1. Accumulate.
Aurobindo Pharma (Rs. 721.00) (Code : 524804) (F. V. : 1) :- Aurobindo
Pharma has reported 34 per cent rise in consolidated net profit to Rs 606 crore for the quarter
ending September mainly on account of robust formulation sales. Aurobindo Pharma's consoli-
dated total income from operations also rose to Rs 3,775 crore as against Rs 3,365. The formula-
tions business contributed 80 per cent to the total revenues and witnessed 12.4 per cent y-o-y
growth during the quarter. The broad-based growth across all the markets led to an increase in the
formulations revenue. The US formulation business contributed 46% to the total revenue and
grew 17.8% to Rs1,735 crore due to “volume increase and the new launches in both oral and
injectable segments.The European Union formulations business contributed 21.6% of total rev-
enue and grew 6.4% to Rs813.4 crore, led by an acquired business.As of 30 September, Aurobindo
Pharma had net debt of Rs3,225.8 crore. The company was able to reduce the net debt by around
Rs1,000 crore due to increased cash flows. The stock is worth accumulating at this level.
Gail (Rs. 427.00) (Code : 532155) (F. V. : 10.00) ;- Gail (India) has reported
much stronger Q2 numbers. Its net profit surged 180% to Rs 925 crore on 16% decline in total
income to Rs 12194 crore over Q2 September 2015.GAIL (India)'s net profit was boosted by a
turnaround in its petrochemical business and reduction in interest costs.During the Q2 September
2016, GAIL (India)'s petrochemical business has seen a turnaround with sales jumping 61% on
year-on-year basis. This has resulted increase in revenue in this segment by 53% to Rs 1358
crore and the profit stood at Rs 104 crore in Q2 September 2016 as against loss of Rs 364 crore
in Q2 September 2015. The increase in net profit during Q2 September 2016 on year on year
basis, was also supported by increase in natural gas marketing & transmission volumes by 8%
and 12% respectively and liquid hydrocarbon sales by 9%.State-run GAIL (India) is India's largest
natural gas company with a market share of over 80% in natural gas transmission. Apart from
natural gas transmission, distribution and processing, GAIL has diversified business interests in
LPG transmission, petrochemicals, city gas projects and exploration and production activities.
Government of India (GoI) holds 56.11% stake in Gail. The large-cap company has equity capital
of Rs 1268.48 crore. Face value per share is Rs 10.Buy in phased manner.
(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 18th November 2016 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
SMART
INVESTMENT
Dalal Street Whispers - Dilip K. Shah
Delta Corp (Rs. 116.00) (Code: 532848) :- Aam Aadmi Party leader Arvind Kejriwal has warned
that it will shut down all casinos if his party comes to power in Goa. Moreover, the stock slumped
from Rs. 195 to Rs. 100 due to the demonetisation move. However, the stock has recovered
somewhat after Rakesh Jhunjhunwala acquired 12.5 lakh shares at an average price of Rs. 106.54.
Rakesh and Rekha Jhunjhunwala hold 1.15 crore and 1.1 crore shares respectively.
Mannapuram Fin. (Rs. 75.00) (Code: 531213) :- The shares of this gold finance company are
on investors' radar after reporting 203% rise in net profit for Q2. The company's performance has
improved after it starting focusing more on non-core portfolio. The share can be bought with a
target price of Rs. 110.
IIFL Holdings (Rs. 255.00) (Code: 532636) :- This IIFL Group company has acquired stake in
Bangalore-based Samasta Microfinance Company. Some movement can be expected in the stock.
JM Finance (Rs. 58.00) (Code: 523405) :- JM Finance's subsidiary JM Financial Products is
acquiring 19 lakh shares or 17.5% stake in India Home Loan.
Aegis Logistics (Rs. 148.00) (Code: 500003) :- The GST Bill is likely to be passed in the
ongoing winter session of the parliament. Upward movement can be seen in the stock.
Pitti Lamination (Rs. 49.00) (Code: 513519) :- The promoters of this electrical equipment
manufacturer have secured released of shares pledged with financial institutions. The share will
remain in focus.
Cords Cable (Rs. 52.00) (Code: 532941) :- The delivery-based trades in the counter in the
past few days have been as high as 67%. The company has reported EPS of Rs. 7 for the second
quarter, while operating margin improved to 11%. Strong performance will make the stock attrac-
tively priced.
Ashiana Housing (Rs. 132.00) (Code: 523716) :- This housing finance company has reported
profit of Rs. 20 crores for September quarter, as against loss of Rs. 16 crores in the last quarter.
Both trading volumes as well as price are on the way up.
Power Grid (Rs. 192.00) (Code: 532898) :- PSU shares seem to be outperforming private
counterparts from some time. The stock is expected to cross Rs. 200 soon, and can be seen at
Rs. 250 levels in the coming 2 - 3 quarters.
Vedanta (Rs. 204.00) (Code: 500295) :- The company's board will meet on November 22 to
decide on Rs. 300 crores NCDS issue. This will have a positive impact on the share.
Renuka Sugar (Rs. 13.00) (Code: 532670) :- This sugar sector share has reported turnaround
results. It is benefiting from rising sugar prices as well as higher blending. The stock is likely to be
re-rated.
REC (Rs. 132.50) (Code: 532955) :- The book-value of the share is Rs. 161. The company
reported net interest rate of 4.84%. The RONW is 22.7%. The stock is likely to make some big
moves in the week ahead.
SMART
INVESTMENT
High Risk High Return Shares - Dilip K. Shah
Engineers India (Rs. 283.00) (Code: 532178) :- The company provides engineering consultancy
and EPC services. The company announced bonus issue in the ratio of 1:1 on November 16. For
September quarter, net profit jumped 21.4% to Rs. 94 crores. The stock will remain in focus on strong
results and liberal bonus issue.
Cipla (Rs. 549.00) (Code: 500087) :- Cipla's subsidiary Cipla Quality Chemical Ind. is planning to
come out with an IPO shortly. The IPO will enable significant value unlocking for Cipla.
Bharat Finance (Rs. 695.00) (Code: 533228) :- Matthews Asian Growth and Income Fund has
recently bought 0.90 million shares of this company. Some movement can be seen in the stock.
Symphony (Rs. 1188.00) (Code: 517385) :- The company is the world's largest manufacturer of
air coolers. It has recently launched a new range of mobile commercial air coolers to expand its
portfolio. The company has been reporting strong double digit growth for the past six quarters.
Reliance (Rs. 987.00) (Code: 500325) :- This diversified corporate behemoth has recently signed
an agreement for a global partnership with GE for digital transformation. The stock is likely to be in
focus.
HDFC (Rs. 1251.00) (Code: 500010) :- This housing finance company plans to raise Rs. 1,500
crores through private placement of non convertible debentures.
Ambuja Cement (Rs. 199.00) (Code: 500425) :- Lafarge Holcim has acquired 39 million shares or
1.49% stake in the company at Rs. 240 per share. The counter is likely to go from strength to strength
in the days ahead.
PC Jewellers (Rs. 352.00) (Code: 534809) :- Gem & jewellery shares crashed by as much as 30%
in a single due following the government's demonetisation move. PC Jewellers' share was the worst-
hit. However, the stock seems to have bottomed out and can be seen rising quickly.
Shri Jagdamba Poly (Rs. 560.00) (Code: 512453) :- The company operates in the textile seg-
ment. It also makes polythene sacks and bags. It has reported very strong numbers for the second
quarter. Sales were up 8%, while EBIDTA jumped 71%. The net profit jumped 250% to Rs. 2.50
crores. The company's equity is just Rs. 88 lakhs, while reserves are to the tune of Rs. 210 crores. The
EPS is Rs. 83. The company has a market cap of just Rs. 50 crores. It is seen as a strong bonus
candidate.
Bank of Baroda (Rs. 176.00) (Code: 532134) :- The shares of this PSU bank are up by 8.5% since
announcing strong Q2 numbers. The stock can be seen rising higher as loan growth picks up.
Bharti Airtel (Rs. 303.00) (Code: 532454) :- Bharti Airtel's subsidiary Bangladesh Airtel has com-
pleted the merger process with Malaysia's Robi Axiata. Axiata holds 68.3% stake in the company,
Airtel 25%, while NTT Docomo of Japan holds 6.7%.
Ujjivan Finance (Rs. 359.00) (Code: 539874) :- This microfinance company has received the nod
for small financial bank. It is expected to start banking operations in the year 2017. The movement in
the stock is on the rise.
ACC (Rs. 1311.00) (Code: 500410) :- Lafarge Holcim recently acquired 4.19% stake in ACC, or 1
million shares, at Rs. 1,537 per share through block deals. A positive trend can be seen in the stock in
the days ahead.
Escorts (Rs. 301.00) (Code: 500495) :- Demand for tractors and other equipments is high be-
cause of good monsoon. The company boasts of strong fundamentals. It is reportedly in talks with
fund managers for a potential stake sale. A lot of volatility can be seen in the stock in the coming days.
SMART
INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
[email protected]
Sensex Predictions : Dt. 21st November to 25th November

" 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. "
21-11-2016 Monday :- " Today the Moon and Rahu will be in conjunction. Hence, both
you and Nifty may remain confused. " From 9.15 to 12.15, Nifty shall do jobbing on the up side
within a particular range. " Between 12.15 to 14.15 Nifty may go down. " From 14.15 to 15.30
Nifty will go up.
22-11-2016 Tuesday :- " Currently both the Sun and Moon are disturbed. " The rate of
American Bond is increasing. This will affect the market, and cause pressure. " Around 12.00 sell
Nifty, and around 13.00 buy Nifty. " Around 13.40 again buy Nifty, and around 15.00 again sell
Nifty.
23-11-2016 Wednesday :- " Today the Moon and Rahu are together. But, after 13.30.39
expect a turning point in the market situation. " Divide the market in 3 parts today - wherein, it will
go up during the 1st part - down during the 2nd part - and again move upwards during the 3rd part.
" Overall, the market trend will frequently change today.
24-11-2016 Thursday :- " Technically, as per the planets, a Kaalsarp Yoga is formed
today. " Today, the market will change every 17 minutes, hence be prepared for the same. " From
opening to 10.30, the market may be dull. " Between 10.30 to 12.30 Ganesha foresees positivity.
" From 12.30 to 14.30 Nifty may be under pressure, observes Ganesha. " After 14.30, the positive
effects of European market will be visible on Nifty.
25-11-2016 Friday :- Liquidity in the market may be less today. " Today, you will witness
good movement in Intraday on both the sides. " FII, Foreign portfolio, and investors may keep
away from the market, indicates Ganesha. " During the first 3 hours, Nifty will hold the market. "
During the next 2 hours, profit booking is likely at Nifty. " During the last 1.5 hours, a ray of hope
is again foreseen in the market. But during the last 25 minutes, pressure shall be visible again.
Financial Weekl
eekly y
Every Sunday Every Wednesday
English & Gujarati Edition Gujarati Edition

SMART
INVESTMENT
News Track
Project Management National Conference,
India 2016 held in Mumbai
Project Management Institute, headquartered in the USA, is the world's leading not-for-profit
professional membership association working towards developing and promoting Project Man-
agement practices in the Corporate world and Government (in 185 countries including India) to
reduces risks, cut costs and improved success rates, hence, ensuring timely delivery of projects.
PMI helps in bringing value for more than 2.9 million professionals working in every country across
the world through global advocacy, collaboration, education and research. Project Management
National Conference, India 2016 is a three day professional development event, organized and
hosted by PMI Mumbai Chapter and Co Hosted by PMI Pune-Deccan Chapter recently in Mumbai.
The conference theme Project Management- Indispensable for Vision India… builds on enhanc-
ing project management skills to realize India's vision to become a developed nation with world
class institutions, infrastructure, products and services. PMI's motto is to play a key role in redefin-
ing the way India builds its capabilities, help create the climate for growth and enable the country
to move towards an economy focused on innovation & product development
"Unlimit" from Reliance -Cisco Jasper

Reliance Group, one of India's leading private sector business houses, announced a strategic
partnership with Cisco Jasper for the launch of a new venture, UNLIMIT, solely dedicated to
providing Internet of Things (IoT) services to enterprise customers throughout India. UNLIMIT is
equipped with the diverse resources of the Reliance Group, the nimbleness of a start-up, high-
profile partnerships and an international management team, and will tap into the growing potential
of the IoT market in the country. UNLIMIT

Smart Investment : Subscription Rates customers will be able to take advantage
E-Copy Every Saturday eveaning in your Mail-box of the UNLIMIT Control Center which is
1 Year 2 Year 3 Year based on the IoT connectivity manage-
Hard Copy
(Every Monday) 1. Gujarati 1500 2700 3800 ment platform of Cisco Jasper, and in-
2. English 1000 1800 2700 cludes Reliance's powerful mobile net-
E-mail Edition work. With UNLIMIT, Reliance becomes
1. Gujarati 1400 2400 3300
(Soft Copy) the first telecommunications services pro-
(Every Saturday) 2. English 950 1700 2400
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SMART
INVESTMENT
News Track
DSP Blackrock AMC targets
Reaching over one crore Indians in 2017
DSP Blackrock Mutual Fund has launched www.dspblackrock.com/learn, for investor's educa-
tion. It is planning to reach one crore Indians in 2017 to lure them for investing in Mutual Fund
schemes. In a media briefing Hemendra Kothari, Chairman of DSPMF said that demonetization is
likely to bring cash surplus from homes in circulation and now instead of again keeping it in cash
form at home, people would like to invest in safe heavens for steady returns. Informed and finan-
cially literate will have multiple choice for parking their surplus funds and we will provide them a
platform for doing so. MF industry is also looking forward for a vital role of advisors in this field.
Vodafone India revenue grows 6% in H1

Vodafone India has emerged as the big bidder for spectrum in recent auction and has invested
over Rs. 20000 crore. With these additions, it is now well placed to take its 4G services to 2400
towns before end of this fiscal against its previous target of 1000 towns. It's revenue marked 6%
increase (with Rs. 22579 crore) in H1 with EBITDA margin of 29.6%. Vodafone's customer base
has increased to a level of 200 plus millions with higher rural presence. India is significantly con-
tributing in the growth of Vodafone group. It is gearing for a cut throat competition with rivals in
coming months and is set to maintaining its lead.
Nifty & Sensex Movement during the last week

NSE - Nifty Open High Low Close Diff
14-Nov-16 Guru Nanak Jayanti Holiday NA
15-Nov-16 8284.85 8288.55 8093.2 8108.45 -187.85
16-Nov-16 8205.65 8210.05 8089.4 8111.6 3.15
17-Nov-16 8105.1 8151.25 8060.3 8079.95 -31.65
18-Nov-16 8097.55 8128.95 8048.3 8074.1 -5.85
Net Weekly Loss -220.2
BSE Sensex Open High Low Close Diff
14/11/2016 Guru Nanak Jayanti Holiday NA
15/11/2016 26,809.61 26,809.61 26,253.63 26,304.63 -514.19
16/11/2016 26,508.94 26,621.40 26,239.21 26,298.69 -5.94
17/11/2016 26,304.90 26,449.87 26,155.40 26,227.62 -71.07
18/11/2016 26,270.20 26,349.02 26,106.78 26,150.24 -77.38
Net Weekly Loss -668.58
SMART
INVESTMENT
REVIEW OF “SMART PLUS NEWS LETTER”
Amazing 19% RETURN SMART GAIN
FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
15-11-16 High (%) 15-11-16 High (%)
Sun Pharma 693 705 1.73 Balrampu Chini 115 125 8.7
Apollo Tyre 192 195 1.6 Vakrangee 261 280 7.3
ONGC 273.5 285 4.2 Power Grid 183 196 7.1
Pime Sec. 29 31 6.9 NTPC 152 159 4.6
United Bank 23 24 4.3
Bank of India 122 127 4.1
HSCL 44 46 4.5
Gulf Oil 695 717 3.2
Polyplex 355 362 2
BHEL 135 138 2.2
Simmon D Marshal 98 105 7.1
Nalco 50 52 4
DFM Foods 1724 1790 3.8
Gail India 438 446 1.8
Shemaroo 323 330 2.2
IDEA 70 72 2.9
Sun Pharma 688 705 2.5
Hindalco Ind. 172 180 4.7
Engineers India 268 288 7.5
Kitex Garments 403 427 6 Radico Khaitan 124 128 3.2
Balmer Lawrie 829 846 2.1 Sonata Soft 151 156 3.3
MCX 1302 1324 1.7 ABC Bearing 155 162 4.5

Muthoot Fin. 339 348 2.7 Sambadham 128 134 4.7
Chola Invest 926 1060 14.5 Union Bank 143 157 9.8
Sterling Tools 980 1003 2.3 Atlas Cycles 354 423 19.5
AIA Engg. 1102 1287 16.8 Phillips Carbon 228 231 1.3
GSPL 153 155 1.3 ITD Cementaion 141 146 3.5
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liability for the use of this column for the buying or selling of securities. Readers of this column
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SMART
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SMART
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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 (%) Rate (Rs.) Rate (%)
29th April J M FIN 47.5 60-90 78 64% 8th March SUDARSHAN CHE 86 115 455 429%
5th May VIPPY SPINPRO 20 25-31 42 110% 21st March J K TYRE 83 105-135 161.4 94%
8th May CONART ENG 22 30-32 44.25 101% 21st March NHPC 21.85 27-32 27.75 27%
15th May MANALI PETRO 16.5 21-30 43.6 164% 29th March LLOYD ELE 235 300 301.4 28%
22nd May SUZLON 25 32-45 28 12% 5th April ELECON ENG 59 75 67 14%
26th May GOLDIAM INT 28 38 93.7 235% 5th April MAN IND 68 85 75 10%
28th May PONDY OXIDE 75 82 192.4 157% 8th April SUBEX 10.1 13.75-16.5 14.25 41%
9th June INDUS BANK 810 880 1256 55% 13th April CAREER POINT 118 135-175 125 6%
18th June KEI IND 63 90 128 103% 13th April KLRF 58 75-110 67 16%
18th June VRL LOGI 305 335-350 479 57% 26th April BENGAL TEA 50 60-65 63.5 27%
18th June KALPATARU POWER 241 270 292 21% 29th April WALCHAND PEOPLE 106 145 174 64%
18th June SUPRAJIT ENG 128 150 233.5 82% 3rd May IOL CHEM 103 150-250 156 51%
26th June IBULLS HOUSING 620 675-900 879 42% 6th May PPAP AUTO 144 175-200 201.5 40%
2nd July MRPL 76.5 85-105 97.45 27% 13th May HP COTTON 53 75 58 9%
13th July FSL 33.25 40-55 54 62% 16th May GANDHI SPE TUBE 235 300 352 50%
14th July JAIN IRRIGATION 75 95-125 101.4 35% 16th May BAJAJ ELE 233 265 282 21%
28th July BAJAJ FINANCE 5150 5600 11770 129% 19th May ITD CEMENT 127 175 164 29%
31st July JINDAL SAW 78 95-125 85.5 10% 27th May KUSHAL TRADE 145 175-225 254 75%
3rd Aug HFCL 15 20-35 24.7 65% 3rd June J M FIN 47 56-59-65 78 66%
17th Aug J M FIN 52.5 60 78 49% 9th June BAJAJ ELE 232 300 282 22%
11th Sep NAVKAR CORP 166 185-190 225 36% 20th June GAEL 58 75-85 95.35 64%
11th Sep ECLERX SERVICES 1425 1600 1784 25% 24th June IOL CHEM 136 175-275 156 15%
11th Sep KSCL 457 530-550 543 19% 1st July 16 IL&FS TRANS 78.5 95-105 111.5 42%
24th Sep GHCL 142 165-200 285 101% 15th July 16 SARDA ENERGY 141 180-200 224 59%
6th Oct CHENNAI PETRO 238 275-350 312 31% 22nd July 16AARTI IND 553 620-625 726 31%
7th Oct HFCL 16.7 20-25 24.7 48% 28th July 16 MAGMA FIN 106 135-140 125 18%
12th Oct ARSS INFRA 36.5 50-54 114 212% 3rd Aug 16 GARWARE WALL 453 535-540 569 26%
14th Oct ASHOK LEYLAND 94.25 105-110 112.8 20% 12th Aug 16 IOL CHEM 137 175-275 156 14%
4th Nov LLOYD ELE 274 315-350 329 20% 22nd Aug 16SUBEX 12.65 16.5-18.4 13.5 7%
16th Nov TANLA SOL 36.5 50 52.6 44% 31st Aug 16 IDFC 58.25 70 71 22%
21st Nov PRIMA PLAST 83 100-125 268 223% 8th Sep 16 IRB INFRA 242 270-285 266.4 10%
26th Nov PRATIBHA IND 45 55 51 13% 8th Sep 16 TALBROS ENG 238 255-260 261 10%
16th Dec COMPETENT 140 185-190 215.8 54% 16th Sep 16 NOCIL 68 85 79.7 17%
21st Dec SUN PHARMA 750 1000 899 20% 21st Sep 16 CONART ENG 40 48 44.25 11%
8th Jan ASM TECHNO 195 230-300 220 13% 23rd Sep 16 KEI IND 120.5 140-170 123.5 2%
5th Feb SWISS GLASS 118 150 138 17% 29th Sep 16 DYNAMIC IND 60 70-75 82.9 38%
19th Feb ELEGANT MARBLE 95 125 164 73% 29th Sep 16 GSFC 77 101 94.45 23%
3rd March SHIVALIK BI 22 27-35 41 86% 5th Oct 16 MAGMA FIN 116 140 125 8%

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

FII Activity (Rs. Cr.)

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Last Recommendation Review

Orient Cement Limited (Rs.132):Cementing Growth!

VMart Retail Limited (Rs. 450) : Sales Declines!

N R Agarwal Industries (Rs.190) : Expensive Paper!

Bulls need to shield

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

EXPECT A PULL-BACK; NOT A REVERSAL

Last Weeks Recommondation This Weeks Recommendations

:::: INDEX LEVELS ::::

The Market is oversold,

Slide continued with FIIs exit

Stampede has announced Secondary Market :- All markets were closed on

Indraprastha Gas (Rs. 838.00) (Code : 532514) (F. V. : 10.00) : Indraprastha

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

PERIOD : 21-11-2016 to 25-11-2016

NIFTY F&O RANGE @ 8797 TO 8181 POINT IN SHORT TERM…!!!

Victory of Trump in US and demonetization in India lead to Uncertainty in Indian Markets

Is Karnatak Bank's rights issue worth subscribing?

Hero MotoCorp rides on scooters and new models

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Sensex Predictions : Dt. 21st November to 25th November

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Vodafone India revenue grows 6% in H1

Nifty & Sensex Movement during the last week

MCX 1302 1324 1.7 ABC Bearing 155 162 4.5

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