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Financial Weekly
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April 2022 3
Financial Weekly

April 2022 4
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VOL : 15 • Issue No: 11 RNI No : GUJENG / 2008 / 24320 24th April 2022 to 30th April 2022
FII ACTIVITY (Rs. in Cr.)

DATE BUY VALUE SELL VALUE NET VALUE
18-04-22 7589.12 13976.57 -6387.45
19-04-22 9638.89 15510.58 -5871.69
20-04-22 6339.45 9348.71 -3009.26
21-04-22 9320.24 10033.93 -713.69
22-04-22 7939.33 10401.05 -2461.72
TOTAL 40827.03 59270.84 -18443.81
DII ACTIVITY (Rs. in Cr.)
DATE BUY VALUE SELL VALUE NET VALUE
18-04-22 9637.18 6295.22 3341.96
19-04-22 10920.78 6939.97 3980.81
20-04-22 7915.34 5269.52 2645.82
21-04-22 8635.07 5811.64 2823.43
22-04-22 6377.03 4774.68 1602.35
TOTAL 43485.4 29091.03 14394.37
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Financial Weekly

April 2022 6
Financial Weekly

April 2022 7
Interest Rate hike and
Choppy Market-S&P500
The US share market finished variable session lower on Monday as
investors were reluctant to make significant moves with ahead of the
release of the Federal Reserve Beige book and quarterly results of com- Dr S Subhashini
panies. The S&P 500 dropped by 0.02%. The healthcare, consumer [email protected]
staple and industrials were down for the day and gainers on the energy and financials. The US
market finished on higher on Tuesday as the earnings were optimism better than expected in the
first quarter. The sectors indexed advanced with top performing were real estate, consumer staples,
healthcare and materials on Wednesday trade. The Federal Reserve released its Beige Book on
US economic activity has expanded at a moderate space, manufacturing activity was solid, the fed
is expected to continue to roll out rate hike at upcoming meetings in order to grasp on spiking
inflations. The home sales figures slumped by 2.77%. The US market finished session steep lower
on Friday with slumping to worst in closing levels, due to increased certainty on the aggressive
near-term interest rate rise and health care earnings news were disappointing. The S&P 500 closed
down with bottom performing were materials, healthcare, communication and financials.
Technical indicators on oscillators like Momentum, MACD level provide sell signal and others
Neutral. In Moving Averages indicators on Exponential moving average (100,200) and simple moving
averages (100,200) provide buy signal. The Pivot points 4412.61, S1-4016.29, S2-3266.39, S3-
2120.17 and Resistance R1-5162.51, R2-5558.63, R3-6705.05. The overall indications are Neu-
tral and wait for clear directions.
Financial Weekly

April 2022 8
Equichain Wealth Advisors
Global Markets Nikunj Vithlani
[email protected]
Global Market
US FOMC meeting on 3 & 4 May 2022 - could end policy
surprise & Lockdown in China - impacting supply chain
Last week we discussed, Finland & Sweden next after Ukraine? Is Russia now going to attack
Finland & Sweden as they showed their willingness to join NATO which Russia is against off. In a
week earlier, we have discussed how RUBLE, Russian currency is now trading at pre-crisis level
and also discussed India-US 2 + 2 meeting. It is no more about West Vs Russia, now focus has
shifted towards financial supremacy and sanctions as economic tools.
This week we will discuss about US FOMC meeting schedule on 3 - 4 May 2022. Market has
already factored in 50 bps rate hike and announcement of Balance sheet reduction of $95 billion
per month. But our discussion would be focus on - could surprise element get over after this US
FOMC meeting.
US FOMC meeting in May 2022 - could end policy surprise
3-Nov-21 policy:
" US Fed begins bond tapering by $15 billion per month.
" Bond tapering expected to be completed by June 2022 &
" First-rate hike by end of 2022.
16-Dec-21 Policy:
" US fed increase tapering program by $30 billion per month.
" Bond tapering to end by March 2022.
" Any decision on rate hike to be data driven
26-Jan-22 Policy:
" No change in bond tapering program.
" Guided for first rate hike as soon as March FOMC Policy.
" Rate hike could be more than 25 bps & hike in every FOMC meeting in 2022. Guided for 7
rate hikes.
" Started discussion on Balance sheet downsizing.
16-Mar-22 Policy: after Russia-Ukraine crisis

" Hike rate by 25 bps.
" Guided for downsizing of balance sheet in May 2022 meeting.
" In March meeting itself US Fed would have increase rate by 50 bps in case there was no geo-
political crisis. Cont...
Financial Weekly

April 2022 9
We have covered key announcement made in FOMC policy outcome, some of which were
data driven and market had already anticipated hawkishness is next policy meeting. First
step was bond tapering, 2nd step was hike in interest rate and 3rd step is downsizing of
balance sheet, withdrawal of QE. Last step which was pending is scheduled to be announced
in May 2022 policy.
We believe this will end the surprise element of US FOMC policy on hawkish side, one
surprise element can be number of 50 bps hike, could be more than 3 or 4 consecutive
hike and US Fed raising interest rate above 3% by end of 2022.
Lockdown in China - impacting supply chain

" Indian traders are worried about diversion of large volumes of empty containers to China to
load cargo for the US markets at a premium.
" The already stretched global supply chain crisis is all set to get worse. In fact, with Chinese
ports operating at bare minimum capacity due to the Covid-related restrictions imposed by
the government.
" The disruption in the movement of goods is expected to reach alarming proportions.
" While the problem is very bad between the US and China - the world's busiest shipping route
- it will have a cascading impact on supply chain, which will lead to high inflation.
" In the container trade, it is true that when China sneezes, others will get cold.As China still
remains the factory for the world goods supply.
Earlier we have discussed article "Double Whammy" - increase in interest rate + Infla-
tion led for supply constrain.
Equichain Wealth Advisors: Key points & Opinion

" Section of expert believe, to address supply issue - easy money policy would be required to
setup and increase production capacity.
" Russia-Ukraine crisis have added fuel to fire as sanctions on western nations on Russia is
badly hurting Europe.
" Energy prices have skyrocketed, which has only benefited Oil & Gas producing & exporting
nations such as US, Russia, Middle east & other OPEC countries.
" Globally inflation is having far more devastating impact on emerging market economies as
they find it difficult to full recovery from COVID-19 shock.
Global market is in for a testing time ahead, as for stock prices performance depends
on earnings and inflation without growth which is termed as stagflation is biggest chal-
lenge for corporate earnings globally.
If we summarize, its economic war going on to retain financial supremacy at a time of
stagflation and politician globally are facing heat of high inflation from the people of
their respective countries. We believe next 3 - 6 months will be critical for government
and central banks across the world.
Equichain Wealth Advisors - SEBI registration number (RIA): INA000016472
Telegram channel: https://t.me/Equichain : Nikunj Vithlani

Financial Weekly

April 2022 10
Financial Weekly

April 2022 11
Chart Check
Your Stock Our Recommendation
Poonawalla Fincorp
Stock is in Wave C and formed a flat structure
A has taken 16 days , B has taken 38 days, C can take 54 days
hence Stock can be hold with sl of 301 target 365...390
TGV SRAAC Limited

Stock has given weekly breakout for CUP pattern
long with sl of 80 target 110...130...165 long term
Financial Weekly

April 2022 12
EXCEL INDUSTRIES
It is making rounding bottom pattern
long with SL of 1378 target 1922
and if crossed revised target would be 3455
This are some stocks we received from our subscribers,

You can also send your to get featured in next week
For any query email us on
[email protected]
Financial Weekly

April 2022 13
Rapid Fire Stocks
Kalpna J (Email- [email protected])

(Ring : 97690 37711) Twitter : @Kj_TechTrades
INFOSYS
Buy at CMP - 1616 Targets - 1900 to 2100 Time
Frame - 5 to 12 months,
Strategic partnership aims to reimagine the tennis experience for fans and players globally -
infosys a global leader in next-generation digital services and consulting, and Roland-Garros,
announced a strategic three-year technology partnership. The collaboration is aimed at enriching
the game by providing fans, players and coaches with a completely new experience, leveraging
Infosys’ expertise in digital technologies such as artificial intelligence, big data & analytics, mobil-
ity, virtual and augmented reality.
Infosys Limited is an Indian multinational corporation that provides business consulting, infor-
mation technology and outsourcing services. It has its headquarters in Bengaluru, Karnataka. The
company is engaged in software development in the form of services, turnkey projects and prod-
ucts for the domestic and export market. The software development is targeted towards the distri-
bution, banking, telecommunication and manufacturing sectors worldwide
Infosys is a global leader in next-generation digital services and consulting. They enable cli-
ents in 45 countries to navigate their digital transformation. With over three decades of experience
in managing the systems and workings of global enterprises, and expertly steer the clients through
their digital journey. They do it by enabling the enterprise with an AI-powered core that helps priori-
tize the execution of change and also empower the business with agile digital at scale to deliver
unprecedented levels of performance and customer delight. Their always-on learning agenda drives
their continuous improvement through building and transferring digital skills, expertise, and ideas
from the innovation ecosystem.

Cont....
Financial Weekly

April 2022 14
Deepak Nitrite Ltd.
Buy at CMP 2292-Targets - 2400 to 2777
(Add in All Dips)
DEEPAK NITRATE: Q2 CONS NET PROFIT 1.7B RUPEES VS 1.5B (YOY); EST 1.8B || Q2
CONS REVENUE 9.87B RUPEES VS 10.03B (YOY)
Deepak Nitrite Ltd., incorporated in the year 1970, is a Mid Cap company (having a market cap
of Rs 3701.09 Crore) operating in Chemicals sector.
Deepak Nitrite Limited is an India-based company. The Company is a manufacturer of organic,
inorganic, fine and specialty chemicals, and is a business partner of chemical worldwide in phar-
maceutical, agro, rubber, colorants and imaging chemicals. It also manufactures of xylidines and
cumedines. The company has four manufacturing facilities at different locations in the western part
of India -one at Nandesari in Gujarat and three at Pune, Taloja and Roha in Maharashtra. The
company was incorporated in the year 1970.
The Company operates in three business segments: organic intermediates, inorganic interme-
diates, and fine and specialty chemicals. The Organic Intermediates segment consists of nitro
aromatic plants and also multi-purpose aromatic amines plant based on catalytic hydrogenation
technology. The Fine and Specialty Chemical segment produces a range of effect chemicals for
the needs of speciality producers. These include colour intermediates for optical brighteners.
During the year the 1984-1985, the company started to manufactured 3000 TPA concentrated
nitric acid and in the same year the company commissioned its hexamine plant. During the year,
the company acquired 31 acres of land in village Kareli in District Bharuch. During the year 1986-
1987, the company started the production of new items namely, Guanidine Nitrate and Hydroxy-
lamine Sulphate
Rapid Fire Stocks

For My Personal Assistance with My
Elite Membership At a Nominal Cost
Whatsapp @ 9769037711
For My Free Stock Ideas Follow me on
Twitter @Kj_Techtrades
Financial Weekly

April 2022 15
Financial Weekly

April 2022 16
RESEARCH REPORT
Super duper past performance of “Smart Research Report”

Recomm. Date Stocks Recomm. Achieved Appreciation
Rate Rate (%)
27th Dec 21 SPIC 50.75 92.65 83%
17th Jan 22 PONDY OXIDE 473.9 929.55 96%
31st Jan 22 RUDRA GLOBAL 38 46.75 23%
7th Feb 22 MAGADH SUGAR 319.5 455.95 43%
14th Feb 22 N B VENTURES 136.4 165.8 22%
7th March 22 MANGALORE CHEM 69.15 125.75 82%
21st March 22 TAJGVK HOTELS 143.15 186.35 30%
11th April 22 RUDRA GLOBAL 37.75 46.75 24%
Last Week VEDAVAAG SYSTEM 61.4 72.3 18%
BDH INDUSTRIES LTD

(524828) (141.2) (Face Value Rs.10)
BDH Industries Limited operates as a phar- Particulars 3 Month End
maceutical company. The Company offers a Q3FY22 Q3FY21 % Var.
full range of oral solid dosages, drugs, and
Sales 19.38 11.62 66.78
medicinal products, as well as provides health
Operating
care services. The company offers its prod-
ucts in various therapeutic classes, such as Profit 3.09 1.81 70.72
antifungal, antibiotics, anticancer, anti-dia- PAT 2.17 1.38 57.25
betic, antidepressant, anti-ulcerant, antimalarial, anti-inflammatory, analgesic, antispasmodic, anti-

tuberculosis, cardiovascular, dermatological, non-steroidal anti-inflammatory drugs, psychotropic,
trichology, and vitamins and minerals.
BDH has an equity base of Rs.5.76 crore that is supported by reserves of around Rs.38.75
crore. The promoters hold 49.66% of the equity capital, which leaves 50.34% stake for the invest-
ing public.
For Q3FY22, BDH posted a 57.25% higher PAT of Rs.2.17 crore on 66.78% higher sales of
Rs.19.38 crore and an EPS of Rs.3.77. During 9MFY22, it posted 18.45% higher PAT of Rs.5.34
crore on 35.76% higher sales of Rs.50.45 crore and an EPS of Rs.9.27. It paid 30% dividend for
FY21.
Company can be Re Rated in future if company decides to shift plant at other industrial area and
sell land of kandivali as it has prime land in Kandivali East adjoining Big Bazar.
Currently, the stock trades at a P/E of just 11.3x.
On account of strong fundamentals and robust technical, it is likely to achieve decent levels in 9-
12 months. Keep stop loss of Rs.120 for your buying.
Financial Weekly

April 2022 17
SMALL BUT BEAUTIFUL IDEAS
Brijesh Barot, Surat (9723108999) [email protected]
BOROSIL LTD (543212 & NSE)

(373.75) (Face Value Re.1)
Borosil Limited is a supplier of labora- (Rs. Cr.) Dec.20 Dec. 21
tory glassware, microwaveable kitchenware Sales 190 237
and opal ware in India. It sells and markets Net Profit 21 24
microwavable and flameproof kitchenware and glass tumblers through more than 15,000
retail outlets, and has three manufacturing facilities.
The company conducts its operations in two business segments-namely, scientific &
industrial products and consumer products.
Borosil Glass Works Ltd. (BGWL) is an Indian glassware company based in Mumbai,
Maharashtra, India. The company is one of the largest glassware producing companies in
India with a significant presence in USA and The Netherlands.
Borosil is the market leader for laboratory glassware and microwavable kitchenware in
India. It was established in 1962 in collaboration with Corning Glass Works USA. In 1988,
Corning divested its shareholding to the current Indian promoters.
Cont...
Financial Weekly

April 2022 18
The company's products include laboratory glassware, instruments, disposable plastics,
liquid handling systems and explosion-proof lighting glassware for the education sector and
for industries including microbiology, biotechnology, photoprinting, process systems and
lighting.
" Company has reduced debt.
" Company is almost debt free.
" Company is expected to give good quarter
" Debtor days have improved from 57.32 to 37.80 days.
Technical Speaking : Currently company's share price quoting 374 on Friday close. In-
vestor can accumulate between 370 to 340 for short term target of 420 medium term target of
500 and long-term target of 580 and more.
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
BHEL 500103 53.00 Insecticides 532851 747.00
SJVN 533206 29.00 IRCTC 542830 755.00
Trident 521064 54.00 Carborundum U. 513375 739.00
L&T Fin. 533519 88.00 Capri Global 531595 731.00
ONGC 500312 174.00 L&T 500510 1694.00
Oil India 533106 238.00 Kaveri Seeds 532899 604.00
BEL 500049 251.00 LIC HF 500253 374.00
Raj Ratan Global 517522 626.00 Vinati Org 524200 2193.00
Schneider 534139 147.00 UBL 532478 1543.00
IEX 540750 230.00 L&T Info 540005 5091.00
A.B Fashion 535755 285.00 EID Parry 500125 519.00
Sumitomo Chem 542920 427.00 Tata Elxsi 500408 8357.00
Brigade Ent 532929 475.00 HDFC Life 540777 554.00
Elgi Equipment 522074 337.00 Britannia 500825 3363.00
Adani Port 532921 873.00 Navin Fluro. 532504 4028.00
Financial Weekly

April 2022 19
Global Hospitals
Increased focus on healthcare after Corona will benefit
Global standards in the field of diagnosis
Significant Contribution to Healthcare
Global Hospital is entering the capital mar-
ket through an IPO. The company will issue
35,00,000 equity shares with a face value of
Rs 10 each. It will raise Rs 49 crore through
this IPO. The issue price has been fixed at
Rs. 140 per share. Issue will open on 21st
April and closes on 25th April
The healthcare services range from routine wellness and preventive health care to
innovative life saving treatment and diet services at the modern private hospital Glo-
bal Hospital in Ahmedabad.
Corporate
Global Hospital is entering the capital market through an IPO. The company will
issue 35,00,000 equity shares with a face value of Rs 10 each. It will raise Rs 49 crore Feature
through this IPO. The issue price has been fixed at Rs. 140 per share. Issue will open
on 21st April and closes on 25th April. Investors have to apply for minimum 1000
shares and in multiples thereafter. 1,76,000 equity shares are reserved for market
makers. Thus, the net issue size is 33,24,000 equity IPO Opening Date 21 April, 2022
shares with a total value of Rs. 46.53 crore. After IPO Closing Date
25 April, 2022
allotment, shares will be listed on BSE SME Emerge.
Interactive Financial Services Limited is the sole lead Issue Type Fixed Price Issue IPO
manager of the issue and BigShare Services Pvt. Ltd. Face Value Rs. 10 per equity share
is the Registrar to this issue. Beeline Broking Limited IPO Price Rs. 140 per equity share
is a Market Maker. Market Lot 1000 Shares
In the Corona period, especially in the Second Min Order Quantity 1000 Shares
Wave, due to the massive loss of life and the need
for healthcare, the focus has now shifted to the Listing At BSE SME
healthcare sector on all fronts, from the government Issue Size 35,00,000 Eq Shares
to the corporate to the public. In addition, cases of HNI Shares Offered 50% of the net offer
corona have recently re-emerged in some states of Retail Shares Offered 50% of the net offer
the country, including Gujarat, which has necessitated
health awareness. In such times good and affordable
healthcare services remain the first choice of the
Management of Global Hospital
people. Ahmedabad-based Global Hospital Healthcare Suresh Jani – Chairman,
Services is a state-of-the-art private hospital provid- Mr. Dhruv Jani - Managing Director
ing services ranging from routine wellness and pre- Ms. Sucheta Jani - Additional Director
ventive health care to innovative life saving treatments Mr. Manasvi Thapar- Independent Director
and diet services.
Mr. Sandeep Shah - Independent Director
The hospital offers the latest cathlab facility, three
modular operation theaters, 24X7 emergency ser-
Global Hospital Achievement Statistics
The hospital offers the latest cathlab More than 42000 patients recovered
facility, three modular operation theaters, More than 7200 operations
More than 9000 cathlab procedures
24X7 emergency services, dialysis radiol-
Handled over 5500 emergency cases
ogy and pathology services. More than 200 free medical camps
Cont...
Financial Weekly

April 2022 20
vices, dialysis radiology and pathology services.
Global Hospital has a large, advanced ultra
modular and 25-bed ICU, a medical team with
specialist doctors who have resuscitated many
patients.
Global Hospital started its journey in 2015 and
decided to build a hospital in Ahmedabad that
would provide high quality healthcare services to
every human being at affordable prices. Also, a
healthcare service that can be compared to the
best service available in the state of Gujarat.
Patient’s life is valued at the Global Hospital
because the company believes that human life is
invaluable and aims to prevent, diagnose and treat
symptoms and diseases that may compromise a
Nr. Bodakdev Garden, Pakwan Cross Road, Nr. Sindhubhavan
person's overall well-being. The company has
Road, Off. S.G. Highway, Bodakdev, Ahmedabad - 380054.
partnered with more than 10 reputed corporates,
30 Mediclaim and TPA and Gujarat State Gov- Gujarat. Tel : 079-2970 8041 / 42 / 43
ernment ("Mukhyamantri Amrutam Yojana and For any Emergency Case Mob. : +91 9737804000
Pradhan Mantri Jan Arogya Yojana") to provide health care services in the hospital.
Global Long Life Hospital has a wide range of specialties. Which covers most of the medical conditions seen in
people. Specialties include Intensive Care Services with Cardiology, Oncology, Urology, Nephrology, Gastrology,
Neurosurgery, Pulmonology, Trauma Care, Ophthalmology, Dentistry, Dermatology.
Global Hospital has the status of NABL Accredited Hospital following its significant performance in healthcare.
Physicians with extensive experience with the hospital and other healthcare professionals are equally highly trained.
The hospital is located on Sindhubhavan Road in a well known area of Ahmedabad, offering patients the benefit of
both the best infrastructure and the right location. The
Specialty service available Global Hospital also serves as a perfect hospital in
view of its economic status under the government's
Cardiology, Cardiothoracic surgery, Internal Medicine schemes PMJAY and MAA scheme. Global Hospital
Critical Care, Joint replacement, Orthopedic
has been honored with several health time leaders
Accident 24x7 Emergency Service,
Sports Injury and Orthoscopic, Spine surgery and the Times Health Icon, the Global Achievers
General and laparoscopic surgery, Gastrosurgery Award, as well as an honorary-award for its healthcare
Gastroenterology surgery, Nephrology, Neurology, by other nominated organizations.
Neuro Surgery, Oncology, Onco surgery, Pediatrics Global Hospital has been working hard to raise
Plastic surgery, Burns, Urology, Ophthalmology awareness for early diagnosis and diagnosis in the
Diabetes and endocrinology, Gynecologist, sector and has provided high quality diagnostic fa-
Interventional radiology, Nutrition - Diet, Pulmonology, E.N.T. cilities in their respective areas in collaboration with
Facility available foreign patients in the context of medical tourism.
The first such initiative will take advantage of the
24x7 Emergency Department, Critical Care Unit (ICCU)
24x7 Pathology Laboratory, 24 * 7 Radiology digitization of healthcare and give rural India new hope
CT scan X-ray sonography mammography for healthcare. Innovation, clinical expertise, a team
24x7 Cardiac Diagnostic Center, ECG, ECHO, TMT, PFT of the best doctors, and gentle loving care efforts are
Modular operation theater, OPD moving forward with the belief that the treatment of a
Isolation room with positive negative pressure specific symptom, disease, or patient is not limited
CSSD, Cathlab, All AC rooms, Dialysis, Physiotherapy, to just one, but a holistic improvement in patients'
24x7 pharmacy, Cafeteria, Dietitian, 24x7 ambulance overall health. The focus of the hospital is to domi-
Health checkup plan, Super Specialty Consultation, nate the field within the next 2 years by providing
Pneumatic system, Laundry, Parking area
better clinical results and standards of service.
Central sterilization, CCTV cameras
***
Room amenities
ICU, ICCU, VIP ICU, Isolation ICU, Suite room, Deluxe Room,
Special room, General Room
Global Hospital is a 110-bed specialty health care unit based in Ahmedabad, which provides
proper treatment, heart joint replacement, all emergency services, world class critical care,
poly trauma care and other services by a team of specialist doctors.
Financial Weekly

April 2022 21
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
[email protected]
FAILURE TO CLOSE THE WEEK ABOVE 200DMA

STRONG FIGHT AT 200DMA :- Just when it seemed that Nifty
was well over the 200DMA, it was not to be. After Thursday's big white body
candle, it was presumed that the 200DMA was conqured. But on Friday, bears
had different plan. They attacked the market and the indices such that 200DMA
was lost. Plus the trend in the long term is now down. The only solace that the
Cont....
This Weeks Recommendations

Stocks CMP SL Tgt-1 Tgt-2
Buy PageInd 45872 44888 47362 48899
Buy MARUTI 7904 7731 8165 8433
Buy AdaniPorts 874 854 905 938
Buy NTPC 160 155 168 177
Buy GaneshHsg 302 294 315 329
:::: INDEX LEVELS ::::

S3 S2 S1 CLOSE R1 R2 R3
NIFTY 16723 16843 17024 17171 17343 17457 17595
SENSEX 54983 55662 56412 57197 57643 58291 58877
Financial Weekly

April 2022 22
bulls can take is the 50DMA. Thus the short term, medium term and the long term
trend are not in unison; thus the market is expected to be choppy and volatile.
BULLISH DOJI ON WEEKLY TIME FRAME :- On the daily

time frame, both SENSEX and NIFTY have formed a small black body candle
which cannot be taken as bearish. On the weekly time frame, both the indices
have formed a bullish doji. Thus more than the daily time frame, the weekly time
frame looks more promising.
FLAG PATTERN TARGET 18491-19213 :- The above men-

tioned Gap is also a Bullish Measuring Gap and the Target as Gap Theory falls
at Nifty 18491. Also both the indices had completed a Bullish Flag pattern. The
Target comes in at Sensex 64572 and Nifty 19213. Both the above targets will
be achieved as long as Nifty remains above 17003.
Buy... Buy... Buy on Dips Hold Sell on High

On Mobile Global 179.00 BPCL 393.00 Rallis India 253.00
MRPL 69.00
Garden Reach 317.00 MMTC 52.00 Dabur 559.00 Birla Tyre 17.00
Dwarikesh sugar 140.00 Windsor 44.00 Lupin 754.00 Star 335.00
Golden Tobacco 130.00 A.B Capital 112.00 Reliance Ind 2758.00 63Moons 285.00
Hind Copper 117.00 Bharti Airtel 738.00 Hindalco 514.00
Pasupati Acrylon 44.00
Torrent Power 541.00 Renuka Sugar 61.00 M&M 920.00 HDFC AMC 2047.00
Granules India 293.00 RailTel 117.00 Ingersoll Rand 1712.00 Max Fin 741.00
MOIL 182.00 Astec Life 1857.00 VRL Logi. 583.00
Union Bank 40.00
Gail 164.00 Hindustan Zinc 344.00 Alembic Pharma 765.00 Tata Steel Long 743.00
Sterling & Wilson 378.00 Rajshree Sugar 40.00 L&T Techno 4101.00 Persistent Sys 4037.00
Sterlite Techno 235.00 Genus Power 101.00 Biocon 375.00 Neuland Lab 1382.00
Greenply 212.00 Shree Rama Multi 14.00 HCL Techno 1101.00 Ashapura Min. 144.00
Borosil Renewable 780.00 Bajaj Finance 7109.0 Roto Pumps 431.00
BPL 80.00
JSW Energy 343.00
Financial Weekly

April 2022 23
SMART BANKING & FINANCIAL SERVICES
By Vijaya Kittu M, GetPaidIndia.com
The author feels investors should constantly track their invested stocks and sectors to have an
edge over the market.
1. CONSIDERING THE RUSSIA-UKRAINE CRISIS, LIC IPO would be cut by 40%

and wants to finish the IPO in two weeks. The earlier plan was to sell a 7% stake for Rs.
50,000 crores, but now, officials are considering selling 5% for about Rs. 30,000 crores. LIC's
Draft prospectus would lapse on May 12, hence a need to hurry.
2. SBI CARDS and other credit card issues had a new master direction from RBI that prohib-
its issuing unsolicited cards/upgrading the cards without explicit consent from the customer.
This will probably slow down the issue of cards by companies having tie-ups with fintech
companies. RBI also directed card issuers and third-party agents not to resort to intimidation
or harassment during the recovery of dues from customers. Explicit norms for the closure of
credit cards are also issued. Credit card closure requests are to be completed in seven days,
and the request can be placed through any channel, including email, IVR, etc.,failing which
there will be a fine of Rs. 500 per day on the bank.
3. HDFC LTD sold a 10% stake in HDFC Capital to Abu Dhabi Investment Authority for Rs.
184 crores. HDFC Capital is in discussions with other global companies for stake sale and
wishes to use the proceeds in affordable & mid-income housing projects.HDFC Capital is a
subsidiary of HDFC Ltd and is mainly into private equity fund in the Indian real estate sector.
4. POONAWALLA FINCORP has tied up with KrazyBee and wishes to lend about Rs.
1,000-crore digital loans in FY23. With this, Poonawala will enter into the digital consumption
lending space, which comprises many small-ticket loans offered to individuals. The new man-
agement made a strategic shift in product mix by taking low-cost funds, thereby bringing an
edge-the tie-up with bringing in the much necessary volumes for the business.
5. ICICI PRUDENTIAL LIFE INSURANCE targets a 22% growth in VNB this fiscal
year. The company's net profits doubled to Rs. 185 crores between January and March 2022,
aided by growth in new business.
6. ICICI BANK, with 14th rank, has entered into the top 50S&P Global Market Intelligence's
ranking of the Asia-Pacific's largest banks. Along with SBI (17th rank) and HDFC Bank (7th
rank), the three banks together form 2.1% of the assets of Asian banks. China and Japan
have the most number of large-size banks on the list.
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Financial Weekly

April 2022 24
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Financial Weekly

April 2022 25
SMART
BUY OF THE WEEK
Dark Horse
Dark Horse-1
SPORTKING INDIA LTD
(539221) (1309) (Face Value Rs.10)
Establisted in 1977, Sportking has Particulars 9 Months Ended
emerged as India's leading vertically inte- 9MFY22 9MFY21 % Var.
Sales 1560.64 892.87 74.79
grated textile conglomerate. Sporking to-
PBT 443.10 109.79 303.59
day owns seven state of the art manufac- PAT
305.29 40.20 659.43
turing facilities in India spread across the states of Punjab and Himachal Pradesh which are
equipped with the latest machinery, producing yarns and garments. Besides manufacturing
facilities, Sportking also owns over 100 retail garment stores spread across many Indian
states.
It has an equity base of just Rs.13.45 crore that is supported by reserves of around
Rs.533 crore. The Promoters hold 74.15% while the investing public holds 25.85% stake in
the company.
Company has posted highly impressive numbers for Q3FY22 & 9MFY22. For Q3FY22, its
PAT jumped 282.89% to Rs.116.13 crore from Rs.30.33 crore in Q3FY21 on 67.10% higher
sales of Rs.587.05 crore fetching an EPS of Rs.87.40. During 9MFY22, its PAT rose 659.43%
to Rs.305.29 crore from Rs.40.20 crore in 9MFY21 on 74.79% higher sales of Rs.1560.64
crore fetching an EPS of Rs.229.76. Currently stock available at a P/E of just 4.98x.
Investors can watch this stock with a stop loss of Rs.1125. It may give very good
returns in medium to long term.
Cont...
Financial Weekly

April 2022 26
Dark Horse-2
RESONANCE SPECIALTIES LTD
(524218) (172.75) (Face Value Rs.10)
Resonance Specialties Limited is a pio- Particulars 9 Months Ended
neer in Pyridine chemistry and one of the 9MFY22 9MFY21 % Var.
few manufacturers of the product in the Sales 55.95 50.78 10.18
world. The company, formerly known as Op. Profit 12.14 9.84 23.37
Armour Polymers Limited, was the first in PAT 9.75 8.24 18.33
India to manufacture Pyridines. Resonance is also one of the largest manufacturers of

Lutidines in the world. The company produces a range of value added products and contin-
ues to be the largest manufacturer and exporter of products like Alpha Picolinic acid and
Dipicolinic acid. It is a group company of Ipca Laboratories Ltd.
It has an equity base of Rs.11.54 crore that is supported by reserve of Rs.35 crore. The
promoters hold 54.25% while the investing public holds 45.75% stake in the company.
Company has posted highly impressive numbers for 9MFY22. During 9MFY22, its PAT
rose 18.33% to Rs.9.75 crore from Rs.8.24 crore in 9MFY21 on 10.18% higher sales of
Rs.55.95 crore fetching an EPS of Rs.8.45. Currently stock available at a P/E of just 16.6x.
It paid 10% dividend for FY21.
Investors can watch this stock with a stop loss of Rs.150. It may give very good
returns in medium to long term.
Mind-blowing performance of
“Smart Dark Horse” during last 2 months
Recomm. Date Stocks Recomm. Achieved Appreciation
Rate Rate (%)
17th Jan 22 TGV SRAAC 61.4 94.15 53%
24th Jan 22 RENUKA SUGAR 33.45 63.2 89%
24th Jan 22 RUCHIRA PAPER 82.7 133 61%
14th Feb 22 T N PETRO 105.7 134.4 27%
14th Feb 22 J KUMAR INFRA 175 226.6 29%
21st Feb 22 TGV SRAAC 65.5 94.15 44%
28th Feb 22 RCF 70 112.65 61%
7th March 22 PITTI ENG 237.45 344.4 45%
14th March 22 RANA SUGARS 31.9 43.75 37%
21st March 22 Gujarat Craft Ind 107.75 157.95 47%
28th March 22 TGV SRAAC 70.2 94.15 34%
4th April 22 DHANLAXMI ROTO 83.95 141 68%
Financial Weekly

April 2022 27
Le Merite Exports Limited
Yarn and Fabrics Exports Company’s Attractive IPO
LeMerite is entering the capital market through IPO. The company will issue 64,00,000 equity
shares with a face value of Rs. Is 10. It will raise Rs 48 crore. The issue price has been fixed at
Rs 75 per share. The issue will open on April 25 and close on April 28
Corporate LeMerite IPO Details

Feature
IPO Opens on April 25, 2022
IPO Closes on April 28, 2022
Issue Type Fixed Price Issue IPO
Face value Rs.10 per share
IPO Price Rs 75 per equity share
Market Lot 1600 shares
Listing NSE SME
Le Merite Exports Limited is a reputable brand Issue size 64,00,000 equity shares
name in the textile industry and is renowned for
its trust and reliability. The company is mainly in- Total size Rs.48.00 crore
volved in the production and domestic and ex- Retail Shares 50% of Net Offer
port sales business of cotton yarn, grease fabric, NII (HNI) shares 50% of net offer
organic yarn and finished fabric products. In a de-
cade, the company has seen rapid growth and
has reported an annual revenue of over Rs 320
crore, it has become one of the leading exporters
of yarns and fabrics.
LeMerite is entering the capital market through
an IPO. The company will issue 64,00,000 equity
shares with a face value of Rs.10. It Will raise Rs
48 crore. The issue price has been fixed at Rs 75
per share. The issue will open on April 25 and
close on April 28. Investors will have to apply for
a minimum of 1600 shares and thereafter in mul-
tiples thereof. Following the share allotment, it will Awards
be listed on the NSE Emerge platform. FedEx Se- • Award | Gold Award || FIEO| Highest export | 13-14 | MSME
curities Pvt Ltd is the lead manager of the issue • Award | Gold Plaque || TEXPROCIL | 13-14 | Export cotton
and BigShare Services Pvt Ltd is the registrar of 50s+ count
the issue. Rikhav Securities Limited is a market • Award | Bronze Trophy || SRTEPC | 13-14 | Highest export |
maker. The market maker has been allotted Synthetic yarns
• Award | Certificate of Merit || SRTEPC | 2012-13 || Synthetic
3,36,000 equity shares. Retail investors have been
yarns
allotted 30,32,000 shares and QIB-NII category • Award | Certificate of Merit || SRTEPC |2011-12 || Synthetic
has been also allotted 30,32,000 shares. yarns
The financial performance of the company has
been very good. Looking at the performance of
Membership of below pioneer councils
• TEXPROCIL • FIEO • SRTEPC
the last three financial years, the company had a
• Bombay Chamber Of Commerce
turnover of Rs 180.93 crore and a net profit of Rs • Textile committee, Mumbai • AQSIQ
Weighted Average Return on Networth During the period from March 31, 2019 to December 31,
(RoNW) was 21.89% during the last two 2021, company’s revenue has increased at a CAGR rate
financial years, while RoNW was 39.46% of 29.88%, while revenue from exports has increased at
during the first nine months of FY 2021-22 a CAGR rate of 28.48% in the same period
Cont..
Financial Weekly

April 2022 28
LeMerite is mainly active in the produc-
tion and domestic and export sales busi-
Key Financials
Particulars Till FY21 FY20 FY19
ness of Cotton Yarn, Grease Fabric, Organic
Sep. 2021
Yarn and Finished Fabric Products Revenue 213.4 262 210 175
1.13 crore in 2018-19. In 2019-20, its turnover was
EBITDA 14.5 10.5 6.4 4.4
Rs 217.28 crore and net profit was Rs 3.15 crore. PAT 11.2 7 3.2 1.2
The company had a turnover of Rs 269.13 crore PAT Margin (%) 5.24% 2.63% 1.45% 0.63%
and a net profit of Rs 7.06 crore in 2020-21. Its
turnover in the first nine months of 2021-22 was • Asset light business model with focus on procurement, pro-
Rs 370.87 crore and net profit jumped to Rs 15.87 cessing, marketing and sales.
crore. Thus, the company's turnover has jumped • Leased facility for manufacturing processes. 5year + lease
100 per cent during the period, while net profit has with incremental units available.
jumped 14 times. The company has an asset light • Good understanding of trade and export market with ~90%
of revenue through exports.
business model as it trades with third party opera-
• Active client list of repeat buyers in Asia, Europe and Middle
tions. Its return on net worth has been 39.46 per
East
cent in the last three years. So, the issue attrac-
• Seasoned promoters, with more than six decades of expe-
tively valued which one should subscribe for better
rience in Indian Textile Industry.
return.
• Capable to convert sectoral tailwind and build Le Merite
LeMerite Exports Limited is an ISO 9001: 2015
brand.
Certified Company. Launched in 2003 by its pro-
moters with a solid knowledge of the textile indus-
try and a 60+ year background. The company's Board of Directors
main objective is to expand its business by provid- • Sweta Lath -(Executive Directior
ing product line services to international custom- • Uma Shankar Lath - Chairman and MD
ers. His vision is to become a billion dollar global • Abhishek Lath -MD and CFO
complete value chain manufacturing entrepreneur.
• Jaydeep Mehta -Independent Director
Its mission is "Excellent products, top honesty-fi-
• Narendra Srivastava -Independent Director
delity, full commitment to the highest customer sat-
isfaction for the products portfolio".
• Rohit Agarwal -Independent Director
A dedicated sales team that manages relation-
ships with representative agents and customers. Credentials
The sales team experience helps us enter new mar- • Government recognized || 3-Star Export house
kets and reach more customers. Participates regu- • International organization for standardization||
larly in many national and international textile trade
ISO 9001:2008
fairs that help with networking, attract potential cus-
tomers and update the company's customers about
• Certified || UKAS || URS
new products being produced. The company has • Global Organic Textile Standard || GOTS Certi-
adopted a light asset business model with a focus fied
on procurement, processing, marketing and sales. • Organic Exchange || OE Blend
As part of its growth strategy, the company has • CRISIL Rating of BBB||Investment grade ||Stable
diversified into two subsidiaries into non-cotton yarn outlook
products. • Oeko-Tex || Standard 100
1) Le Merite Filament Pvt : Founded on Octo- • Dun & Bradstreet || Online Trust Seal
ber 08, 2021, La Merit has a 51% stake in La Merit
Filament Pvt. Ltd.

2) Le Merite Lakshmi Spinning Pvt :
Le Merite Lakshmi Spinning Pvt. Ltd.,
established on December 15, 2021, has
a 51% stake in Le Merite.
These subsidiaries aim to diversify into
polyester yarns, viscose yarns, synthetic
fibers, staple fibers, warped yarns, lycra
yarns and other such trades, whether
they be textured, twisted, sized, dyed or
otherwise. Both companies have yet to
start their commercial activities.
***
Financial Weekly

April 2022 29
Stock Buzz
Subramanian Mahadevan
[email protected]
Shipping Corporation of India Limited (Rs.133)

Sailing Safely!
Shipping Corporation of India Limited (SCI) - is a Mumbai based company incorporated in
1950 owned by Government of India (63.75%) operates and manages vessels that services
both national and international lines. The company owns and operates around one-third of
the Indian tonnage, and has operating interests in practically all areas of the shipping busi-
ness; servicing both national and international trades. SCI operates in three segments - liner
and passenger services, bulk carriers and tankers and technical and offshore services.
Liner segment includes break bulk and container transport and bulk segment includes tank-
ers (both crude and product), dry bulk carriers, gas carriers and phosphoric acid carriers.
Others include offshore vessels, passenger vessels and services and ships managed on
behalf of other organizations. SCI fleet includes dry bulk carriers, very large crude carrier
(VLCC) tankers, crude oil tankers, product tankers, container vessels, passenger-cum-cargo
vessels, phosphoric acid and chemical carriers, LPG and ammonia carriers, and offshore
supply vessel. The tanker division is SCI's largest division. The tanker fleet is more than 50
per cent of the total fleet but in terms of tonnage (capacity), it constitutes close to 80 per cent
of the total dead weight tonnage (DWT). Lined up for privatization, national carrier Shipping
Corporation of India turned in a superlative performance, notching a net profit of Rs 336.48
crore in FY20and 696.09 crore in FY21 which was the decade best numbers for SCI. Despite
COVID pandemic, global shipping industry witnessed stable demandas tanker earnings soared
after oil refiners and traders chased crude oil tankers for storage on the high seas, driving up
rates since April 2020. The largest domestic ship liner Shipping Corporation of India (SCI)
reported 137% increase in net profit of Rs 311.54 crore in the quarter ended December 2021
as against Rs 131.57 crore during the same quarter for the previous year. Sales increased to
66.84% to Rs 1456.23 crore in the quarter ended December 2021 as against Rs 872.82 crore
for the comparable quarter of the previous year.Near-term outlook for major shipping seg-
ments like dry bulk, containers and offshore appears positive, SCI - which controls one third
of the Indian tonnage besides huge land parcels across India is the next divestment candi-
date waiting to be grabbed by big Indian business house, is expected to close FY22 with
more than 800+ crore of net profit. One of the cheapest 4700+ crore turnover (FY22E) PSU
with decent cash reserves on its balance sheet and tangible assets across India worth more
than its market cap available at attractive valuations for minimum 50% returns in two years'
time frame.
Financial Weekly

April 2022 30
TECHNICAL TALK
Dhananjay Kadam - TECHNICAL ANALYST
Corrections Are Temporary, Growth is Permanent

GUJRAT ALKALIES (Rs. 960.00) :- Gujarat alkalies and chemical limited is an state
government on chemical and alkalis manufacturer under the ownership of government of Gujarat
it's manufacturing facilities are located at Dahej Vadodara Gujarat company manufacturers chemi-
cals such as caustic soda , sodium cyanide, chloromethanes, sodium ferrocyanide, caustic pot-
ash, potassium carbonate ,hydrochloric acid ,phosphoric acid, and hydrogen peroxide. Last quar-
ter the company posted very good financial results.
On the daily chart stock price started upside from 7 March 2022 from Price of 613 after that high
of 974 after that stock made good healthy consolidation and gave breakout with good volume.
Stock price made a good bullish pattern on chart as per this pattern price target of this stock is
coming 1220.We can buy this stock between 940--960
With Stop Loss of 880 for 14 to 20 days.
Financial Weekly

April 2022 31
SURYODAY (Rs. 150.00) :- As per technical analysis on daily chart Price started upside
from 1st April 2022 after continuous falling from last 1 year . It started upside from price of Rs. 87
and it made continuous rally towards upside upto Rs. 157 after that it made small consolidation
and gave breakout, as per this bullish pattern price target is coming Rs. 184--196 in coming 20
days. We can buy this stock with Stop loss of Rs.137.
Financial Weekly
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English & Gujarati Edition Gujarati Edition

Financial Weekly

April 2022 32
US BOND YIELDS ARE CONTINUOUSLY RISING &
DOLLAR INDEX ARE REACHED TO 101 $ LEVELS
In this situation Global Emerging market are wit-
nessing large sell off and in India Nifty has also faced
Correction but stock specific action is largely visible.
Now which stock will be in limelight in coming days ?
To know such stocks join Equity99 Telegram Channel
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Financial Weekly

April 2022 33
Techno Funda Sachin Shah :
[email protected]
(Mumbai)
sound stocks M. : 9372277340
Bumper returns in our February's recommendations…!

Date Script Name suggested price High after call Gain in %
07-02-22 EID ASSOCIATED 384.5 517.3 35%
14-02-22 CREDITACCESS GRAMEEN 766.7 1065.7 39%
21-02-22 ADANI WILMAR 354.35 732 107%
28-02-22 ADANI POWER 124 259.1 109%
Borosil Renewables Ltd

(502219 & NSE) (780.15) (Face Value Re.1)
Borosil Renewables Limited, is the first and only solar glass manufacturer in India. The com-
pany spotted the opportunity in this segment quite early and commissioned the solar glass manu-
facturing facility at Bharuch in Indian State of Gujarat in January 2010. Over the last 5 years, the
solar PV installations and module production across the world have grown exponentially. In order
to cater to the growing demand, Borosil Renewables has recently expanded and more than doubled
its existing production capacity of high performance solar glass to 2.4 GW per annum.
The company has a strong focus on innovation and known for its pioneering achievements like
development of World's First fully tempered 2 mm thick solar glass, solar glass with lowest iron
content giving highest glass efficiency, first company in the World to successfully be able to re-
move the most hazardous substance - "Antimony" - from its solar glass etc. Very recently the com-
pany has launched new products like Selene: an Anti-glare solar glass suitable for PV installa-
tions near airports, Shakti: a very high efficiency solar glass in matt-matt finish. Amongst the up-
coming products with enhanced features is the solar glass with Anti-soiling coating.
The company has a strong focus on expanding its domestic & exports footprints. The exports
business has grown at a CAGR of 33% in the last 3 financial years. European market is major
customer base for the company where it has now successfully started supplies of its newly devel-
oped products, i.e. 2.0 mm and
2.5 mm fully tempered glass.
With additional production
now available, it has plans to
substantially increase exports
by tapping more customers in
Europe as also increasing
presence in the Americas.
Borosil Renewables Lim-
ited is a part of well-known
Borosil group who are pio-
neers in speciality glass prod-
ucts.
Accumulate on dips with
a target of 1150 in 18 to 21
months.
Financial Weekly

April 2022 34
Fone4 Communications
Robust Technological Platform as well Expanding Physical presence
Fone4 Communications IPO Details
IPO Opening Date Apr 25, 2022
IPO Closing Date Apr 27, 2022
Issue Type Fixed Price Issue IPO
Face Value Rs. 10 per equity share
IPO Price Rs. 10 per equity share
Market Lot 10000 Shares
Min Order Quantity 10000 Shares
Listing At BSE SME
Issue Size 6,800,000 Eq Shares of Rs. 10
(aggregating up to Rs. 6.80 Cr)
Corporate Feature Fresh Issue 6,800,000 Eq Shares of Rs. 10
Fone4 Communications (India) Ltd. (FCIL) - An (aggregating up to Rs. 6.80 Cr)
Online E-commerce Electronics outfit that com- Retail Shares Offered 50% of the net offer
menced its business in the year 2014 headquartered NII (HNI) Shares Offered 50% of the net offer
in Cochin, Kerala. Inspired by the growth in the Online
E-Commerce segment, particularly for electronics
and electricals gadgets, the Company developed a Competitive Strengths:
robust Technological Platform www.fone4.in, wherein 1. Strategic location and facilities.
customers could buy their desired products through
2. Wide distribution and marketing network.
online E-Commerce with attractive offers and more
particularly during festive and other seasons. FCIL 3. Diversified products portfolio and innovation.
has a wide range of offerings through both online as
well as an offline platforms for electronic gadgets
and accessories for Smart Phones, Laptops, Smart
Innovative value-
Television etc. on the likes of Apple, Samsung, Oppo, added services
Vivo, Xiaomi, Nokia, Redmi, Techno, Karbonn, One FONE4 was the first
Plus, Dell, Lenovo, Asus, HP, Acer, Avita, TCL, LG, retailer to be
Sansui etc. awarded
Fone4 Communications (India) Ltd. (FCIL) enter- ‘The Best Entrepre-
ing the capital market with a maiden IPO. It will issue neur of Kerala’ by
68,00,000 equity shares of R. 10 each at par i.e. at the State
Rs.10 per share. It will raise Rs. 6.80 crore. The is- Government for the
sue opens on April 25, 2022, and will close on April
year 2016 from the
27, 2022. Minimum application is to be made for
10,000 shares and in multiples thereon, thereafter.
then Chief Minister
of Kerala
Cont...
Financial Weekly

April 2022 35
FCIL has a wide range of offerings Fone4 Communications plans to make
through both online as well as an offline 100 stores operational in Kerala by the
platforms for electronic gadgets and ac- end of 2023 by opening retail stores in
Tier 2 and Tier 3 towns. This will enable
cessories for Smart Phones, Laptops, the company to grab a 10% of the Kerala
Smart Television etc. market size
Company Promoters:
Sayyed Hamid ; Aged 43 years, he is an entrepre-
neur from Kerala settled in Kochi with astute business acumen
and foresight. Over the last 15 years, he has diversified into
Retail, Hospitality and Distribution businesses across South
India. His journey as a businessman started in 1997 from a
small room that his father owned in Kochi's Penta Menaka
which is now the hub for all kinds of electronic gadgets. Mobile
& automobile are the twin passions of Sayyed Hamid, and he
owns one of the popular retail chain in Kerala for electronic
gadgets.
Roudha Zerlina : Aged 36, she is the wife of
Sayyed Hamid. She is a B.com Graduate. After studies she Post allotment, shares will be listed on BSE SME.
had built a one of its kind dessert brands named pudding jar on FCIL is spending Rs. 0.50 cr. for this IPO process.
her own especially for wide varieties of desserts in Bangalore, The issue constitutes 39.88% of the post issue paid-
Karnataka. Pudding Jar's 1st outlet was opened on Feb 14, up capital of the company. The issue is solely lead
2020 at Frazer town Bangalore. Later expanded to 3 more new managed by Finshore Management Services Ltd.
outlets at Bangalore itself. She is also adding value to the and Cameo Corporate Services Ltd. is the registrar
business of FONE4 Communications (India) Ltd as a Non-Ex- to the issue. Nikunj Stock Brokers Ltd. is the mar-
ecutive Director of the company. ket maker for this company.
For 9 months of FY22 ended on December 31, 2021, it has earned a net profit of Rs. 0.09 crore. on a turnover
of Rs. 42.13 crore.
To boost the online E-commerce sales in the State of Kerala, the company gradually started opening up retail
stores at strategic locations and presently the company has 25 showrooms spread in: (Calicut (02), Cochin (06),
Kollam (02), Kottayam (02), Malappuram (01), Palakkad (07), Thrissur (02), Trivandrum (03)). Whilst the retail
stores are located at prominent locations to attract greater footfalls but the overall idea was to effectively deliver
the products booked online. The company has emerged as one of the most trusted online platform outfits for the
purchase of Electronics gadgets and accessories in the State of Kerala.
It has plans to expand the base to the entire Southern Region by either having its own Retail Stores or through
a franchise model. It plans to make 100 stores operational in Kerala by the end of 2023 by opening retail stores in
Tier 2 and Tier 3 towns. This will enable the company to grab a 10% of the Kerala market size.
Fone4 intends to expand its foot print across all states in South India, as an initial step it will start with one store
in all major towns in South India, then expanding to Tier 2, Tier 3 & Tier 4 towns. It plans to reach 400 Retail Stores
and be rated as the most trusted electronics goods retail chain in South India.
The presence in the Southern Region will make FCIL as well as its E-Commerce model a One-Stop Techno Hub
for buying leading brands of electronics gadgets and accessories.
It has tied up with several reputable brands under the sub-dealership arrangement, to showcase their products,
both at Retail Outlets as well as on an online E-Commerce portal. The Company plans to expand the base through
strategic acquisitions in a similar field and in the logistics arena. It also has plans to strengthen its Technological
platform so that more and more innovative tools can be made available to customers at large at the most competi-
tive pricing.
The industry is highly exposed to the risk of frequent change in customer preference for designs trends and
obsolescence of technology. The company insulates itself from these changes by keeping pace with changing
preference trends and stocking new and innovative designs and products. The Company does not have slow
moving products. Also, it has a buy back arrangement with manufacturers if a product is not moving as expected.
It believes its comprehensive range of products enables it to capitalize on growth opportunities and demand in the
electronic gadgets and accessories market.
***
Financial Weekly

April 2022 36
Terrific Shots - Dilip K. Shah
Barbeque Nation (Rs. 1236.00) (Code: 543283) :- Barbeque Nation is a leading

restaurant chain. The company had issued shares at Rs. 500 apiece in its IPO in March last year
and has given excellent returns to investors. The B group listed shares touched a high of Rs. 1948
and low of Rs. 552 in the last 52 weeks. It has a market cap of Rs. 4810 crore. Promoter holding in
the company is 34.45%, while FIIs and MFs hold 11.42% and 11.29% respectively. Noted investor
Ashish Kacholia has also taken a position in the stock by buying 2,53,004 shares last week. The
company’s financial performance is improving with easing of the pandemic situation. For the De-
cember quarter, Barbeque Nation’s income went up from Rs. 195 crore to Rs. 287 crore. It reported
profit of Rs. 14 crore as against loss of Rs. 1 crore. Movement can be seen in the stock in the
coming time.
L&T Infotech (Rs. 5091.00) (Code: 540005) :- The shares of this B group listed
computer software and consulting sector company touched a 52-week high of Rs. 7595 and low of
Rs. 3526. The L&T Group company provides global technology distribution and digital solutions.
The company had launched its IPO in 2016. It has over 475 clients in 33 countries, including UK,
China, Germany, Canada, France, etc. and 40,000+ employees. For FY 2022, BFSI segment ac-
counted for 46% of its income, manufacturing 16%, energy and utilities 9%, hi-tech media 12%,
and retail & pharma 17%. For the year ended March 2022, L&T Infotech reported income of Rs.
15,669 crore, profit of Rs. 2298.50 crore, and EPS of Rs. 130.31. It has also announced 5500%
dividend. The company’s equity is Rs. 17 crore and reserves are 503 times. Promoter holding is
74.06%. The stock can be seen at Rs. 6,000 in the next 2-3 quarters and at Rs. 6500 in a year.
Adani Ports (Rs. 873.00) (Code: 532921) :- A massive rally has been seen in Adani
Group shares. Adani Ports and SEZ is the country’s largest private port developer. Its flagship port
is the Mundra port in Gujarat, and it also owns ports in several other states. The A group listed
company’s income in the December quarter went up from Rs. 3746 crore to Rs. 3797 crore, while
profit fell from Rs. 1561 crore to Rs. 1472 crore. It has a market cap of Rs. 1.80 lakh crore. It is the
most profitable among Adani group entities. Promoter holding in the company is 65.55%. FIIs hold
14.26%, insurance companies own 10.20% and MFs 5.09%. The company has strong fundamen-
tals and is expected to continue its strong showing. The stock is trading at a P/E multiple of 34.5
and can deliver very good returns going ahead.
Insecticides (Rs. 747.00) (Code: 532851) :- Shares of B Group listed Insecticides
(India) touched a 52-week high of Rs. 846 and low of Rs. 460. The company is eyeing 100%
growth in sales in 2022-23. It has over 1,000 employees, 107 branded products, 375 stock keeping
units, 3,000 distributors, and 60,000 retail outlets. It has plants in Gujarat, Rajasthan, J&K, and UP
and has more than 100 global clients. Insecticides (India) has a significant production capacity and
is working on developing several new products. It has four patents and a number more are in the
pipeline. It is also working on launching 3-4 new biological products, including bio-fertilisers and
others. Its equity is Rs. 20 crore and reserves Rs. 799 crore. For the December quarter, income
went from Rs. 300 crore to Rs. 314 crore and profit from Rs. 6 crore to Rs. 8 crore. The company is
also targeting doubling its exports. The forecast of a good monsoon and government’s focus on
agriculture augur well for the company.
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

April 2022 37
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
Important resisting level for Index at

57992 and for Nifty Future 17439
BSE Index (57197.15):- It shows downward movement from top of 60845.09. It shows neutral position
on daily basis, overbought to neutral on weekly basis and neutral on monthly basis. On upward movement,
beyond 57689 it may witness resisting level of 57992. On downward movement, below 57134 it may go
down to 57090, 56825, 56550, 56009, 55480 and 54950.
Bank Nifty Future (36039.20):- It shows downward movement from top of 38780. It shows towards
neutral position on daily basis, overbought to neutral on weekly basis and towards neutral on monthly basis.
On upward movement, beyond 36457 it may go up to 37050 with resisting level of 37350. On downward
movement, below 36031 it may go down to 35920, 35520 and 35100.
Nifty Future (17166.90):- It shows downward movement from top of 18173.80. It shows neutral position
on daily basis, overbought to neutral on weekly basis, while neutral on monthly basis. On upward move-
ment, beyond 17321 it may witness resisting level at 17439. On downward movement, below 17156 it may
go down to 17080, 17025, 16925, 16843, 16630 and 16420.
ICICI GIC (1320.00):- It shows downward movement from top of 1412. It shows towards overbought
position on daily basis, overbought on weekly basis and towards neutral on monthly basis. On upward
movement, beyond 1343 it may witness resisting level at 1357. On downward movement, below 1315 it
may go down to 1320, 1288, 1274 and 1260.
Jindal Steel & Power (537.86):- It shows downward movement from top of 790. It shows towards over-
sold position on daily basis, while overbought position on weekly and monthly basis. On upward movement,
beyond 543 it may witness resisting level at 553. On downward movement, below 538 it may go down to
535, 511 and 499.
Jubilant Food (574.35):- It shows improvement from bottom of 530. It shows neutral position on daily
basis, overbought on weekly basis and oversold on monthly basis. On upward movement, beyond 600.85
it may go up t 610, 628 and 648. On downward movement, below 587 it may get support at 560.
L&T Finance (88.65):-It shows improvement from bottom of 79.80. It shows neutral position on daily
basis, overbought position on weekly basis and neutral on monthly basis. On upward movement, beyond
93 it may go up to 96, 100, 103 and 113. On downward movement, below 84 it may get support at 80. The
board meeting is convened for results and dividend on 29th April.
NLC India (80.95):- It shows improvement from bottom of 67.40. It shows overbought position on daily
and weekly basis, while neutral on monthly basis. On upward movement, beyond 83 it may go up to 89 and
102. On downward movement, below 77 it may get support at 73.
Disclosure : The Recommendations are based on technical analysis. There is a risk of loss in trading.
GOLDEN QUOTE
Reject your sense of injury and the injury itself disappears
Financial Weekly

April 2022 38
Dilip Davda
e-mail Expert’s Eye
[email protected]
Another negative week with high volt drama

After the clear sweep negative truncated week, we marked negative openings for this week
which closed in red for first two and the last sessions. Though third and fourth session closed in
green, it fell short and finally the week closed with a negative note amidst weak global scenario.
Continued tussle between Russia and Ukraine, rising tension on Turkey border raised concern
and firm crude oil prices kept global markets on their toes amidst fear of rate hike following spiral-
ling inflation. FIIs remain net seller and DIIs were the net buyers for the entire week.
During the week, while BSE Sensex moved in the range of 57991.53-56009.07, NSE Nifty hov-
ered between 17414.70-16824.70.
For the week, BSE Sensex Lost- 1141.78 points and NSE Nifty marked deficit of -303.70 points.
Markets opened gap down onMondayand traded in red for the entire session. It finally closed
with mega losses. BSE Sensex lost 1172.19 points to close at 57166.74 and NSE Nifty marked
deficit of 302.00 points to end the day at 17173.65. IT counters lead the doom for the day with
RIGHTS ISSUE leadership of Infy and got support from HDFC group counters.
TCM Ltd (6 for 5) Surge in Metal, Auto, FMCG counters fell short in arresting slide.
EX-BONUS BONUS MEET Though Mid and Small cap indi-

Ducon Infra (1 for 10) AU Bank (26.04.22).
ces outperformed benchmarks,
Bonus Announcements EX-SPLIT weak side market kept market
Mishtann Foods (1 for 1), Veeram Secur (5 for 1),
R O Jewel (82 for 32), breadth negative for the day. FIIs
Diligent Ind (5 for 1),
NINtec Syst (1 for 2)
Jubilant Food (5 for 1). were net sellers and DIIs were net
DIVIDEND ANNOUNCEMENTS buyers for the day.
ICICI Prud Life (5.5%), MindTree (270%), Muthoot Fin (200%),
Benaras Hotel (100%), L & T Info (3000%), Angel One (22.5%), Glenmark On Tuesdaythough markets
Life (525%), ICICI Secur (255%),Mastek (240%), Reliance Ind Infra (30%),
Tata Elxsi (425%), Tata Steel Long (125%), CRISIL (700%), HCL Techno opened on a positive note, last
(900%), ICICI Lombard (50%), L & T Techno (750%), Man Ind (45%), Mold
Tek Pack (120%), Rajratan Global (100%), Rallis India (300%), Sasken one and half hour trades hammer-
Techno (130%), Tata Commu (207%), Khaitan Chem (15%), Quest Capi-
tal (25%), Tata Metaliks (80%), Wendt India (450%) etc. Cont....
Financial Weekly

April 2022 39
ing ultimately forced market to close with sizeable losses. BSE Sensex marked deficit of 703.59
points to end the day at 56463.15 and mirroring similar trends, NSE Nifty lost 215.00 points to
close at 16958.65.Though market darling Reliance Ind surged sharply, it failed to arrest the slide.
In fact, heavy sell out in last 90 minutes dragged down markets from the high of the day. IT, Bank-
ing, Auto, FMCG, Capital Goods, Consumer Durables counters were hammered down. Though
Mid and Small cap marked positive trends, weak side market kept market breadth negative for the
second session in a row. FIIs were the net sellers and DIIs were the net buyers for the day.
OnWednesday, markets opened with a positive note and traded in green for the entire session
to close with some gains. BSE Sensex scored 574.35 points to close at 57037.50 and NSE Nifty
marked gain of 177.90 points to end the day at 17136.55. Reliance Ind marked surge for the sec-
ond day in a row and took the lead for gains and got support from market fancy counters of Auto,
Consumer Durables, IT, Pharma, Oil and Gas sectors. However, Mid and Small cap indices
underperformed and kept market breadth negative (marginally). FIIs continued to be the net sellers
and DIIs were the net buyers for the day
ForThursdaytoo we marked re-run of previous session history of green trades. At the close, both
Cont....
Nifty & Sensex Movement during the last week

Sensex Open High Low Close Diff
18-04-2022 57,338.58 57,420.80 56,842.39 57,166.74 -1,172.19
19-04-2022 57,381.77 57,464.08 56,009.07 56,463.15 -703.59
20-04-2022 56,741.43 57,216.51 56,521.33 57,037.50 574.35
21-04-2022 57,458.60 57,991.53 57,311.86 57,911.68 874.18
22-04-2022 57,531.95 57,689.86 57,134.72 57,197.15 -714.53
Net Weekly Loss -1,141.78
NSE - Nifty Open High Low Close Diff
18-Apr-22 17183.45 17237.75 17067.85 17173.65 -302
19-Apr-22 17258.95 17275.65 16824.7 16958.65 -215
20-Apr-22 17045.25 17186.9 16978.95 17136.55 177.9
21-Apr-22 17234.6 17414.7 17215.5 17392.6 256.05
22-Apr-22 17242.75 17315.3 17149.2 17171.95 -220.65
Net Weekly Loss -303.7
Financial Weekly

April 2022 40
benchmarks scored handsomely. BSE Sensex gained 874.18 points to end the day at 57911.68
and NSE Nifty scored 256.05 points to close at 17392.60.Market witnessed gaining momentum for
the second session in a row on account of pull back rally following short coverings in Auto, IT,
Consumer Durables. HDFC counters too gained amidst fresh support at lower levels. Though Mid
and Small cap indices underperformed benchmarks, bullish trend in side market kept market breadth
positive. FIIs were the net sellers and DIIs were the net buyers for the day.
With a gap down openings on Fridaywe marked trades in red for the entire session that closed
with big losses. BSE Sensex lost 714.53 points to close at 57197.15 and mirroring similar trends,
NSE Nifty marked deficit of 220.65 points to end the day at 17171.95. Auto, IT counters surged on
short coverings and Adani group counters remained in limelight, FMCG counters witnessed mixed
trends and pharma counters marked profit booking at every rise. RIL marked new 52 weeks high in
intraday but failed to arrest falling trends. Though Mid and Small cap indices outperformed bench-
marks, dull side market kept market breadth negative. FIIs remained net sellers and DIIs were the
net buyers for the day.
Dollar continued up move to mark Rs. 76.50 a dollar by week-end.Brent Crude oil remain firm
around 106$ a barrel and raised concern. For the ensuing week we have over 180corporate meet-
ings. Along with monsoon forecast for the coming rainy season market men will keep global trends
on radar amidst liquid global situation. Market will mark bothway trades with rising corporate num-
bers announcements. Derivatives expiry will fuel volatility as usual.
Amidst such scenario, BSE Sensex may move in the range of 59500-56000 and NSE Nifty
between 18000 - 16250.
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 mak-
ing investment decisions. Readers must consult a qualified financial advisor before making any actual
investment decisions, based on information published here. Any reader taking decisions based on any
information published here does so entirely at its own risk. Investors should bear in mind that any invest-
ment in stock markets is subject to unpredictable market-related risks. The above information is based on
RHP and other documents available as of date coupled with market perception. The author has no plans to
invest in this offer.
(SEBI registered Research Analyst-Mumbai).

Financial Weekly

April 2022 41
A. K. Asnani
(M) 9893512098
Smart Verc (Bhopal)
Author of Book
Way to Billionaire
Where to invest in times of high inflation?

Inflation is the rate of increase in overall prices over a given period.
Inflation can be good or bad, depending on the type of it.
Demand-pull inflation is better than cost-push inflation. In the current situation, it is a combina-
tion of both varieties.
But why should one worry about inflation?

Inflation reduces the worth of the currency. For example, before the Covid-19, the barber charged
me Rs 50 per haircut; now, he charges Rs 75. Same services but for the higher amount.
Whether you keep your money in cash or a locker,inflation is a creature that will continuously
eat away a part of its worth. Thus one thing is clear you cannot avoid inflation.
But there are ways to tackle inflation by investing money in assets that grow over a period higher
than the inflation rate. For example, historically, it has been found that Gold and bank FDs are just
able to keep pace with inflation. Stocks have far outperformed inflation over a more extended pe-
riod. In times of a fast rise in inflation, like in the current case, all sectors may not beat inflation.
However, sectors like commodities, IT, companies with pricing power (like Luxury product manu-
facturers), Real Estate, and related companies are likely to outperform inflation. Also, the compa-
nies which need low capital can be good bets.
It would be better to avoid highly debted companies as a rise in interest rates always accompa-
nies inflation.
Happy investing!
A. K. Asnani : Author | Advisor | Coach | Mentor | Speaker
+919893512098 : [email protected]
(Above are only the views of the author. It should not be construed as advice to buy or sell the stock.)
Financial Weekly

April 2022 42
Kishore Purswani
(Email: [email protected])
One up on Dalal Street -XIV

(Learnings)
Introduction
In the preceding articles in this series we had discussed a number of learnings which Peter
Lynch has shared in his book "One Up on Wall Street". In the concluding article of this series the
important learnings which an investor should remember and implement are being shared.
Behaviour of Markets
Geopolitical issues may crop up and subside, crude oil rates may rise or fall, interest rates may
increase or decrease, inflation figures may sound scary etc. and with one or more of such events
the markets may behave erratically and give shocks and surprises but ultimately the markets only
go up in the long term. BSE Sensex which is the barometer of Indian stock markets is ruling around
57000+. The base value of the SENSEX was taken as 100 on 1 April 1979 and since then inspite
of many crashes and corrections the sensex is up by 5700 times in 43 years giving a CAGR of 15.9
%. Many stocks have outperformed the sensex and have given much better returns. What matters
most in markets is the selection of stocks, portfolio management and above all patience.
Salient Learnings
The ten important learnings which can help an investor are as follows
" Markets may fall sharply in the next month, next year or three years. Predicting the markets
over one month, one year or three years is impossible. However, ultimately the markets will
go up only.Wealth can be created only by staying invested for a long term
" Market crashes and declines are the best opportunities to buy stocks and markets do pro-
vide such opportunities.
" Stock prices may move in opposite directions from fundamentals but ultimately the prices
fall in line with the fundamentals. Just because the price goes down doesn't mean that there
is something wrong with the company and vice-versa.
" Different categories (slow growers, stalwarts, fast growers, cyclicals, asset plays and turn-
arounds) of stocks have different risks and rewards. An investor needs to be clear about the
risk reward ratios and build his portfolio accordingly.
" If a company is doing poorly it doesn't mean that it can't do worse. As such if a stock is going
down it doesn't mean that it cannot go down further.
" Stalwarts that have outperformed the market and have heavy institutional holdings and lots
of coverage by analysts but are heavily overpriced will correct sooner or later.
Cont..
Financial Weekly

April 2022 43
" Buying a stock which is cheap and ignoring the fundamentals is the biggest losing strategy.
Similarlyselling an outstanding growth stock just because it's moderately overpriced is also a
losing strategy
" An investor doesn't lose anything by not owning a multibagger stock. However, if a stock
owned by an investor goes down to zero investor loses total investment irrespective of the
price at which the stock had been bought.
" Proper portfolio management is the key to generating wealth. Proper rotation of stocks based
on fundamentals can help in getting better returns. It's better to sell and switch to stocks with
better alternatives. An investor should not become complacent and stop monitoring the story.
" One needs to be careful and not pull out flowers and water the weeds.
Conclusion
One should invest in a company only after doing homework on the company's earnings pros-
pects, financial performance, competitive performance, plans for future expansion, etc.An investor
can expect good returns from his investments if he/she is able to build a story with as much details
as possible and recheck the story at regular intervals.Anindividual investor should believe in long
term fundamental investments only in order to outperform the sensex. However, if an investor thinks
he/she can't outperform the sensex then it's better to seek professional advice or invest in index
based mutual funds.
Happy investing!
Kishore Purswani
M No 9425604104
Mail id: [email protected]
Smart Investment Website Index
15,555 hits only 1 Week
Total number of Hits
1,70,95,555
Kuber Bhandar of earnings
Future - Options, Stock - Watch, Funda - Picks,
Technical Shares, Speculative Scrips, Primary Market,
Financial Weekly

April 2022 44
Scrip Watch - Siddharth Shah
HCL Technologies (Rs. 1101.00) (Code : 532281) : HCL Technologies has re-
ported much better Q4 numbers. Its consolidated net profits for the quarter ending March stood at
Rs 3593 crore, up 226 per cent from Rs 1102 crore in the same quarter last year. Revenue from
operations came in at Rs 22,597 crore, up 15.05 per cent from Rs 19,641 crore in the year ago
quarter. The Board of Directors also approved an interim dividend of Rs 18 per share. The record
date for the payment of dividend is fixed at April 29, 2022. The payment will be made on May 11,
2022. Company has given revenue growth guidance of 12-14 per cent. The management said that
compared to 12 or 18 months ago, they are in a much better place today because HCL has been
delivering 5% sequential growth on the trot for three consecutive quarters and the CQGR over the
last three consecutive quarters in services business has been at 5.2%. So, the company is very
much confident about growth. Buy.
United Breweries (Rs. 1543.00) (Code : 532478) : Leading beer maker United
Breweries Ltd (UBL) witnessed a "high-single-digit" volume growth in the domestic market during
January-March 2022 quarter, according to its largest stakeholder Heineken. Robust recovery in
sales volumes, easing regulatory policies and long-term growth triggers are expected to keep the
revenue growth trajectory strong for UBL Moreover, the consolidation of UBL in India has "posi-
tively impacted net revenue" by Euro 200 million, Dutch brewing major Heineken said on Wednes-
day in its earnings statement for the first quarter of 2022. Heineken's Asia Pacific net revenue grew
9.2 per cent organically, with total consolidated volume rising by 2.8 per cent. The consolidation of
UBL in India positively impacted net revenue by Euro 200 million or 4.6 per cent. The stock is worth
accumulation.
Blue Star Indai (Rs. 1139.00) (Code : 500067) : Air conditioning and commercial
refrigeration major Blue Star Ltd has set up a new manufacturing facility at Wada in Maharashtra at
a cost of Rs 130 crore doubling the production capacity of deep freezers. It has the capacity to
produce around two lakh deep freezers and one lakh storage water coolers per annum.As refrig-
eration is the key to preserving and arresting wastage of perishables, the adoption of refrigeration
in India is garnering significant thrust and expected to increase on the back of rising consumption.
Blue Star currently has 1,500 trained channel partners for commercial refrigeration, spanning across
cities in the country with 50 per cent of the partners located in Tier-3, 4, 5 and 6 markets. Blue Star
has inducted more than 150 service crew pan-India and the company continuously invests in ca-
pability building and upskilling of its channel partners. As Summer gets hot, this stock is also get-
ting hot. Buy.
Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm,
his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested
interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based
on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible
for any legal or financial losses made by anybody.
Cont...
Financial Weekly

April 2022 45
Market Tips - Het Zaveri
Vinati Organics Ltd. (Rs. 2193.00) (Code : 524200) : Vinati Organics stock
made new 52-week high of Rs.2274 last week during volatile market. The stock has closed at
Rs.2194 on Friday with more than average volume. In H1FY20, the stock price jumped 31 percent.
Sharekhan has set a price target of Rs 2350 on the stock of Vinati Organics.Vinati Organics is the
world's largest manufacturer of IBB and ATBS. Sharekhan has said that "We expect strong 40% y-
o-y revenue growth led by robust recovery in the ATBS business and ramp-up of butyl phenol
capacity. Although margin would decline on a y-o-y basis, it is expected to post strong recovery of
106 bps q-o-q on benefit of operating leverage." The stock is worth accumulation at current level
and at any decline.
Polycab India (Rs. 2523.00) (Code : 542652) : Polycab India is engaged in the
business of manufacturing and selling wires, cables, and fast moving electrical goods (FMEG) like
fans, lighting and luminaires, switches, and switchgears, etc. It is a leading player in the wires and
cables segment with a total market share of 22%. It is one of the most backward-integrated cables
and wire manufacturers in the country. Real estate developers, infrastructure companies are the
major clients of Polycab. The company also undertakes digital infra projects. Polycab is set to
benefit from the recovery in the B2B segment and its growth will be supported by its expanding
presence in domestic markets as well as higher exports going forward. Meanwhile, Polycab India
Ltd has bought a commercial space in Mumbai’s Dadar West area for Rs 202 crore. Ruby Mills Ltd
has sold the 23rd and 24th floors of commercial space spread across an area of 55383.65 sq. ft to
Polycab India Ltd. Buy.
Jubilant Foodworks (Rs. 574.00) (Code : 533155) : The Noida-headquartered

Jubilant FoodWorks is an Indian food service company which holds the franchise for Domino's
Pizza in India, Nepal, Sri Lanka, Bangladesh and Bhutan, and also for Dunkin' Donuts in India.
Jubilant is a QSR company and in the times to come with the spending power of individuals in-
creasing and given their eating habits, there is a likelihood that the stock shall gain more traction.
The stock is already in limelight as last week, the stock has turned ex-split. So, the shareholders
will have five times more shares with lesser face value. Buy this momentum stock.
Metropolis Healthcare (Rs. 2407.00) (Code : 542650) : Diagnostic chain Me-

tropolis Healthcare is all set to start 1,800 new collection centres and 90 processing labs across
the country in the next three years. Out of the 1,800 centres, around 80 per cent will be through
franchises, while processing labs will be Metropolis’ own ventures. Each processing lab may see
an investment of around Rs 50 lakh to Rs 1 crore. Majority of the 600 centres that it has planned for
the current financial year would be coming during the first quarter. Metropolis had completed the
acquisition of Chennai-based Hitech Diagnostic Centre (Hitech) along with its subsidiary Centralab
Healthcare Services (Centralab) in October 2021 for a cash consideration of Rs 636 crore. As
there is more awareness about health after Corona and there has been rise in cases of Corona
again, healthcare sector stocks will be in focus. Buy.
Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of
his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up
or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived
from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses
made by anybody.
Financial Weekly

April 2022 46
SMART TIPS Smita N. Zaveri
Tata Power (Rs. 253.00) (Code: 500400) :- Shares of this integrated power company
touched a 52-week high of Rs. 298 and low of Rs. 92. The company has collaborated with real estate
developer Rustomjee Group to provide end-to-end electric vehicle charging solutions across all its residen-
tial and commercial projects in Mumbai Metropolitan Region (MMR). Tata Power’s Singapore JV Resurgent
Power Venture has won the bid to acquire the stressed asset of South East UP Power Transmission
Company. Tata Power owns 26% stake in the venture through its wholly-owned Singapore subsidiary.
Moreover, Tata Power’s subsidiary Tata Power Renewable Energy has commissioned a 300 MW solar
plant in Dholera, Gujarat. The company’s equity is Rs. 319 crore and reserves Rs. 20,502 crore. For the
December quarter, it reported income of Rs. 11,018 crore. Its subsidiary Tata Power Solar Systems has
commissioned a 160 MW AC solar project in Rajasthan. The company's income and profitability are ex-
pected to receive a boost because of its focus on renewable energy.
BEL (Rs. 251.00) (Code: 500049) :- The defence sector has attracted a lot of investments
in the last seven years and further investments are expected. Shares of this A Group listed PSU defence
sector company have been in the limelight. The shares have a face value of Re. 1. The shares touched a
52-week high of Rs. 259 and low of Rs. 122. BEL is the largest supplier to the defence segment in India. It
makes specialised electronics products for the defence sector, and also makes EVMs that are used in
elections. It has a market cap of Rs. 61,292 crore. Its equity is Rs. 243 crore and reserves Rs. 10,815
crore. For the December quarter, its income increased from Rs. 2343 crore to Rs. 3761 crore, and profit
zoomed from Rs. 270 crore to Rs. 584 crore. Recently, Defence Minister Rajnath Singh released the third
positive indigenisation list of 101 equipment and platforms, which the Services can procure only from do-
mestic manufacturers. The list includes naval utility helicopters, light tanks, small Unmanned Aerial Ve-
hicles, and anti-ship missiles among others. The budget also made significant provisions for R&D in the
defence segment. The stock can be seen at a new high in the short to medium term and Rs. 350 in the long
term.
L&T Finance (Rs. 88.00) (Code: 533519) :- Shares of this A Group listed finance
company touched a 52-week high of Rs. 101 and low of Rs. 58. Promoter L&T holds a 63.50% stake in the
company. The company started with financing farm equipment and commercial vehicles, before foraying
into housing finance space in 2012. It acquired Indo Pacific Housing Finance Limited and Family Credit
Limited in the same year. The company has shifted focus to rural and housing finance and increased their
share in lending. In January last year, L&T Finance launched a rights issue and issued shares at a premium
of Rs. 55. It has a market cap of Rs. 21,920 crore. Its equity is Rs 2469 crore and reserves Rs. 16,103
crore. For the December quarter, its consolidated income fell from Rs. 3622 crore to Rs. 3099 crore, while
profit went up from Rs. 287 crore to Rs. 307 crore. The stock is trading at a P/E multiple of 17, which is a
massive discount to its peers. The counter has bottomed out. The stock has a target price of Rs. 120.
Manappuram Finance (Rs. 118.00) (Code: 531213) :- Shares of this A Group
listed NBFC have a face value of Rs. 2. The shares touched a 52-week high of Rs. 224 and low of
Rs. 109. The South India-based company provides gold loans, and loans for housing and com-
mercial vehicles. Quality of its gold loan portfolio has improved. It is now focusing more on housing
finance segment. It has more than 4,300 branches across the country. It has added 3.25 lakh new
customers. The number of live gold loan customers is 26.3 lakh. Its subsidiary Ashirwad Microfinance
has reported 57.18% growth. Promoter holding is 35.06%. It has a market cap of Rs. 10,258 crore.
Equity is Rs. 169 crore and reserves Rs. 7124 crore. For the December quarter, income fell from
Rs. 1650 crore to Rs. 1484 crore, and profit from Rs. 483 crore to Rs. 261 crore. The stock can be
seen touching Rs. 160-170 in two to three quarters.
SEBI Registered Research Analyst)
* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on 22nd April, 2022 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

April 2022 47
Smart super duper - Het Zaveri
Indian Hotel Co Ltd (Rs.240.00) (Code:500850):- It is promoted by Tata Group. It owns more
than 100 hotels on 62 locations in India and 15 hotels in Maldives, Malaysia, UK, USA, Bhutan, Sri
Lanka, Africa and Middle East. The tourism sector is witnessing growth due to proper promotion by
the government of India. As against equity of Rs118.93 crore, the company has reserves of Rs.
3132crore. In December quarter, the company's income increased from Rs.560 crore to Rs.1111
crore, while clocked profit of Rs. 76 crore as against losses of Rs. 119 crore. The company paid
35% dividend for 2017, 40% dividend for 2018, 50% dividend for 2019, 50% dividend for 2020,
40% dividend for FY2021. Though it had been affected by CORONA pandemic, it had come out of
it and the company's bottom line is improving.
Carborundum Universal (Rs. 739.00)(Code: 513375) :- The Murugappa Group company is
mainly active in manufacturing of abrasives but it also manufactures electro mineral, industrial
ceramic and super refractories. The company's performance has been stable for quite some time
but now it is likely to set for strong performance. As against equity of Rs. 18.84 crore, the company
has reserves of Rs. 2289 crore. In December quarter, the company's income increased from Rs.
734 crore to Rs. 899 crore and profit increased from Rs. 88 crore to Rs. 102 crore. The stock may
seem costly from valuation point of view but the company's future seems bright and it has got
strong backing from the promoters, so the company is on the radar of the investors. The stocks may
go up with improvement in sentiments. It pays regular dividend.
Ambuja Cement (Rs.374.00) (Code:500425) :- Cement and cement products company was
set up in 1986 as Gujarat Ambuja Cement Ltd which was changed to Ambuja Cement Ltd (ACL) in
2006. The Junagadh registered company acquired 85% stake in Dang Cement Ind Pvt Ltd - Nepal
in 2011. It is a part of Switzerland's Lafarge Holcim. The promoters hold 63.19% and public hold
36.81% stake in the company. In December quarter, the company's income increased from Rs.
7435 crore to Rs. 7625 crore, while profit decreased from Rs. 732 crore to Rs.291 crore. The com-
pany follows calendar year as financial year. As against equity of Rs. 397.13 crore, the company
has reserves of Rs. 24957 crore. The foreign promoter Holcim is planning to exit from the company
and from the country as well and they are in talks with Adani and JSW group for the same. The
stock seems good option for investment in phased manner.
IEX (Rs. 230.00) (Code: 540750) :-The company set up in 2007 is associated with power trad-
ing. It came up with IPO in October 2017 at price of Rs. 1650 but then after it split the stock from face
value of Rs. 10 to Rs. 1 and it has become ex-bonus recently. FIIs hold 31.01% and MFs hold
12.36%, Dalmia Bharat Group holds 14.81% stake in the professionally run company. The
company's equity is Rs. 30.16 crore, which is going to increase after bonus and reserves stand at
Rs. 600 crore. In the first nine months of FY 2022, the company's income increased from Rs. 224.03
crore to Rs. 318.95 crore, while profit increased from Rs. 144.57 crore to Rs. 220.90 crore. The
stock is being quoted at PE of 74, which seems costly. However, currently many states are facing
power supply shortage so the demand may go up for the IEX. So, it can be opted for small invest-
ment.
Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm,
his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested
interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based
on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible
for any legal or financial losses made by anybody.
Financial Weekly

April 2022 48
Di wan-E-Khas A.J. Diwan (Mumbai)
E-mail : [email protected]
Nifty should sustain 17200 levels

The markets are highly volatile. After two days fall market recovered on Wednesday and Thurs-
day. This rally was lead by reliance Industries. Share price touched all time high of 2788. FIIs are
buyers with Rs. 2700 as support. There is possibility of 3000 and more.
Along with Reliance, HDFC twins also forced bears to cover short positions
Information Technology sector also supported by restricting selling pressure. TCS, Infosys, Wipro
gave positive signals. In near future Mind Tree may be merged with any I.T. company.
We feel coming week may be of finance companies.
Last Thursday L&T finance went up by 10%. There is prediction of hitting century in the coming
weeks.
We are surprised of Tata Steel action of not to trade with Russia we have coal shortage in India.
This move will affect bottom-line.
Share price started going down.
On the bargain we like to buy sail around rs.100 with s l of 98.the price may go to rs.110 soon.
Any big fall in market buy Tata Motors. On next six months we may see 500 level.
Motherson Sumi and Vedant are also worth buying on any fall.
Delta is now in bears group any rise of rs.6/7 from previous closing go short with rs 3 as s l.
Big News :- On Thursday night rumor of fed increasing rate by 50 basis in month of may. This
rumor has direct effect on DOW and NASDAQ, Both nosedived.
The government should postpone LIC issue till war is settled. If bought now the story of Paytm
may be repeated.
Hindalco is very weak. If breaks 505 than 475/80 is possible
Coal India expected to do well as coal shortage mount buy in panic.
Volatility index, if remains below 15, market are up and if cross 20 markets can go down.
Financial Weekly

April 2022 49
Investment Ideas Nayan Patel
NIFTY
For next week NIFTY has strong support around 16820 levels. Break will take it to 16650----
16550 levels. On the upper side NIFTY will face strong hurdle at 17300 levels, cross over with
volume and close above will create short covering at take NIFTY up to 17765 levels…
BANK NIFTY
For next week BANK NIFTY has strong support around 35500 levels. Break will take it to 35000-
---34700 levels. On the upper side BANK NIFTY will face strong hurdle at 36450 levels, cross over
with volume and close above will create short covering at take BANK NIFTY up to 36900 levels…
INVESTMENT IDEAS FOR INVESTORS

GOLKUNDA DIAMONDS & JEWELLERY LTD
(523676) (100.45) (Face Value Rs.10)
Golkunda Diamonds & Jewellery Limited is an India-based company, which is engaged in manu-
facturing of gems and jewelry. The Company is focused on manufacturing of gold jewelry studded
with diamonds and other stones. The Company offers products, such as ring, pendant, bracelet,
earrings, necklace, and bangle in different variants, such as diamond shape, round, princess, em-
erald, asscher, marquise, oval, radiant, pear, heart, and cushion. The Company focuses on prod-
ucts set in rounds, baguettes jewelry. It makes jewelry from big sized necklaces, pendants to small
stud earrings and ring bands. The Company's manufacturing facility is located in Andheri (East),
Mumbai. Its facility in SEEPZ (Special Economic Zone) has the capacity to produce more than 500
pieces a day. The Company exports its produced jewelry to customers across globe.
GDJL has an equity base of Rs.6.96 crore that is supported by reserves of around Rs.25 crore.
The promoters hold 73.36% of the equity capital, which leaves 26.64% stake for the investing
public.
For Q3FY22, GDJL posted 829.63% higher PAT of Rs.2.51 crore on 15.48% higher sales of
Rs.60.81 crore and an EPS of Rs.3.60. During 9MFY22, it posted 1018.18% higher PAT of Rs.4.92
crore on 81.94% higher sales of Rs.177.70 crore and an EPS of Rs.7.07. It paid 12% dividend for
FY21.
At CMP, SML trades at PE ratio of just 8.9x earnings.
Investors can watch this stock with a stop loss of Rs.82.
MEP Infrastructure Developers Ltd

(539126 & NSE) (23.20) (Face Value Rs.10)
Established in 2002 by the Mumbaibased Mhaiskar family, MEP Infrastructure Developers Ltd
is an integrated road infrastructure developer with a leadership position in Toll collection and Op-
eration, Maintenance & Transfer space of road projects in the country. By the virtue of its thought
leadership and successful track record of 20 years, the Company has executed 145 projects across
15 States.
Cont....
Financial Weekly

April 2022 50
Company has issued 9000000 Share Warrants on a preferential basis at a price of Rs. 25/- per
Equity Share aggregating to Rs. 22,50,00,000/- to the Promoter Group. Also approved the dis-
posal/dilution upto 60% stake held by Mhaiskar Toll Road Private Limited (MTRPL) in MEP Infra-
structure Private Limited (MIPL) in one or more tranches. Promoters are taking shares at 25 and
this stock is trading at 23.
BHAGYANAGAR PROPERTIES LTD

(540621 & NSE) (44) (Face Value Rs.2)
The Company is into business of real estate development. The Company is fortunate to have
most of its land situated at prime IT centers of the city where e-commerce companies thrive most of
its business for better support and competitive edge. Moreover, there is a constant rise in the de-
mand of large ware houses and storage units in the areas where the company is having huge
properties to give on rent. The Company has already commissioned a pilot project by constructing
a warehouse. Presently the Company is having tenants like Big Basket & Amazon etc. Company
has 18 acre land parcel in Hyderabad. Now it is planning to develop the same. Promoter holding is
75% and this company wants to delist its share but due to huge valuation of its land bank stock is
looking good at current levels.
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.
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Financial Weekly

April 2022 51
Primary Market - Dilip K. Shah
Share Markets crumbled due to Russia-Ukraine war, CORONA, Fed Rate hike possibility
In FY2021-22 total 145 DRHPs filed for Rs. 2 lakh crore IPOs, which is four times in last 10 years
IPO market speed may go up despite Ukraine war:
Total 54 IPOs are in queue to raise Rs. 1.40 lakh crore
In near future 5-7 mainboard IPOs may enter the market
This week 2 mainboard, 5 SME, 6 NCDs and 5 Rights issues are in the market
LIC's IPO may open in May: IPO size is likely to be Rs. 30000 crore with Rs. 9000 crore green shoe option
Campus Activewear's mainboard IPO with price band of Rs. 278-292

will enter the market on April 26
Rainbow Children's Rs. 1595.59 crore IPO with offer price of Rs. 516-542 will open on April 27
Le Merite, Fone4 Comm., Nanavati VenturesSME IPOs will enter the market on April 25
Global Long Life's SME IPO got 0.67 times subscription on second day
May get good response on last day
The Share Markets across the globe has been affected due to ongoing war between
Russia and Ukraine, high inflation rate, fed rate hike and other factors. The brake on
bullish run in the secondary market has also affected the primary market. However, the
primary market seems to be coming out of war fear. In the last year total 50 companies
raised Rs. 1,11,156 crore from the market, which is the huge amount. In SME segment
also recovery trend was seen with 56 issues raising Rs. 700.66 crore.
In FY2020-21, total 30 companies filed documents with SEBI for IPO, which in-
creased five times to 145 DRHPs filed in FY2021-22. It is also four times of average
DRHPs filed in last one decade. However, out of 145 companies that filed DRHPs only
52 could hit the market. It is believed that 15-20 companies have postponed the issue
and 54 IPOs worth Rs. 1.40 lakh crore are in pipeline.
* LIC IPO:- LIC's IPO has been a talking point for last three months but the issue has
Main - line IPO (Non SME)

Sr Company Issue Open Dt. Issue size Offer price Min. Listing Lead Manager Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) App. (Out of 50)
1 Campus 26-4-2022 4,79,50,000 Eq. Shares 278 to 292 51 Shares BSE JM Financial, BofA Securities, 37% : Apply
Activewear 28-4-2022 Rs. 1400.14 Cr. (F.V. Rs.5) (Rs. 14,892) NSE CLSA India, Kotak Mahindra for
(Book Building) (100% OFS) Short to Mid Term
2 Rainbow 27-4-2022 2,94,38,884 Eq. Shares 516 to 542 27 Shares BSE Kotak Mahindra Capital, 36% : Apply
Children’s 29-4-2022 Rs. 1595.59 Cr. (Rs. 14,634) NSE JP Morgan, IIFL Securities for
(Book Building) Mid to Long term
Financial Weekly

April 2022 52
BSE SME IPO
Sr Company Open Dt. Issue size Offer price Minimum Lead Rating Remark
Close Dt. (Rs. Cr.) (Rs.) Applications Size Manager (Out of 50%) %
1. Shashwat 20-4-2022 5,58,000 Eq. 45 3000 Eq. Shares Beeline
28% AVOID
Furnishing 25-4-2022 (Rs.2.51 Cr.) (Rs. 1,35,000) Broking Ltd.
2. Global 21-4-2022 35,00,000 Eq. 140 1000 Eq. Shares Interactive 33% : Apply
Longlife 25-4-2022 (Rs. 49 Cr.) (Rs. 1,40,000) Financial for Long Term
3. Fone4 25-4-2022 68,00,000 Eq. 10 10,000 Eq.Shares Finshore 32%
High Risk High Return
Comm. 27-4-2022 (Rs. 6.80 Cr.) (Rs. 1,00,000) Management
4. Nanavati 25-4-2022 4,36,000 Eq. 50 3,000 Eq. Shares First 31%
Ventures 27-4-2022 (Rs. 2.18 Cr.) (Rs. 1,50,000) Overseas RISKY
NSE SME IPO

Sr Company Open Dt. Issue size Offer price Minimum Lead Rating Remark
Close Dt. (Rs. Cr.) (Rs.) Applications Size Manager (Out of 50%) %
1. Le Merite 25-4-2022 64,00,000 Eq. 75 1600 Eq. Shares Fedex 35%
Exports 28-4-2022 (Rs.48 Cr.) (Rs. 1,20,000) Securities Short Term
got delayed for one or another reason. The government has sought opinions of big
investors regarding the valuation of the issue. Moreover, anchor investors have been
contacted for price discovery. If LIC IPO is delayed then it will have negative impact on
the IPOs of three PSUs - Export Credit Guarantee of Corporation of India, Wapcosand
National Seed Corporation.
As per the market report, the government planned Rs. 70,000 crore IPO but has
been forced to reduce the size of issue and valuation. It is believed that LIC's issue
may hit the market on May 4 or May 9. The valuation has been reduced to Rs. 6 trillion.
So the issue size could be Rs. 21,000 crore and with green shoe option of Rs. 9000
crore, it may go up to Rs. 30,000 crore. The Government holds 100% stake in LIC and
is planning to offload 5% stake.
* Last week's listing:-
JeenaSikho Lifecare:- The issue with offer price of Rs. 150 got listed with 10% pre-
mium at Rs. 165.10 and went up to Rs. 173 and down to Rs. 165 before closing at Rs.
173. It closed at Rs. 177.5 on Friday.
* This week's mainboard Issues:-
• Campus Activewear :- The company plans to raise Rs. 1400.14 crore by offering
4,79,50,000 shares through OFS at price of Rs. 278-292. The issue opening on April
26 may get 8-12 times subscription in retail. Issue will close on April 28, allotment on
May 4, Refund on May 5 and share credit on May 6. It may get listed on May 9 around
Financial Weekly

April 2022 53
Grey Markets Premium
IPOs Offer Premium Kostak Price Subject
Name Price (Rs.) Retailers HNI-1 HNI-2 to
(Rs.) upto Rs. 2L 2L-10L above 10L Sauda
Rs. 2L
Campus Activewear 278 to 292 53 to 55 450 2400 13000 2300
Rainbow Children’s 516 to 542 38 to 40 320 2300 8000 600
(Limited Buyers)
LIC -- 5 (Buyer) -- -- -- --
LeMerite 75.00 9.00 -- -- -- 12000 to 13000
(NSE SME) (Lot Size 1600)
Fone4 Comm. 10.00 2.50 to 3 -- -- -- 10000 to 11000
(BSE SME) (Lot Size 10000)
Global Long Life 140.00 1 to 1.50 -- -- -- 9000 to 1000
(BSE SME) (Lot Size 1000)
Don't subscribe IPO only on the basis of Grey premium. Before Investing check the fundamentals of IPO
Tentative Timetable for SME IPOs

IPOs Name Shashwat Global Fone4 Nanavati Le Merite Campus Rainbow
Furnishing Longlife Comm. Ventures Exports Activewear Chileren
(BSE SME) (BSE SME) (BSE SME) (BSE SME) (NSE SME) Main Line Main Line
Issue Closes date 25-04-22 25-04-22 27-04-22 27-04-22 28-04-22 28-04-22 29-04-22
Basis of Allotment 02-05-22 02-05-22 04-05-22 04-05-22 05-05-22
Refunds 04-05-22 04-05-22 05-05-22 05-05-22 06-05-22
Credit of Shares 05-05-22 05-05-22 06-05-22 06-05-22 09-05-22
Listing 06-05-22 06-05-22 09-05-22 09-05-22 10-05-22
Rs. 350-375. In good market it may cross Rs. 400 level. The shares, if allotted, can be
hold.
• Rainbow Children :- The issue with offer price of Rs. 516-542 will open on April 27
and close on April 29. In the Rs. 1595.99 crore IPO allotment may take place on May 5,
Listing Information refund on May 6, share credit on May 9. It may get 7-10 times
Jeena Sikho Life Care
subscription in retail category. It may get listed on May 10
NSE SME JSLI
Listing Date 19-4-2022 around Rs. 575-600 and may be around Rs. 625-650 in good
Offer Priced Rs. 150.00
Listing Price Rs. 165.10 market. Hold shares if you get allotment.
Listing Day High Rs. 173.35
* SME IPOs :-
Listing Day Low Rs. 162.25
Listing Day ClosedRs. 173.35 • Le Merite Exports :- NSE SME IPO wil open on May 25
CMP (22-4-22) Rs. 177.55
and close on May 28. The company plans to raise Rs. 48 crore
Subscription Figures of SME IPO (Dt. 22-4-22) by offering 64 lakh shares at price of
IPO Listing Day Subscribed
Shashwat Furn. BSE SME 3rd Day Subscribed 1.64x
Global Longlife BSE SME 2nd Day Subscribed 0.67x
Rs. 75 in lot of 1600 shares.
Le Merite Exports NSE SME Issue Opens on 25-4-22 --
Fone4 Comm. BSE SME Issue Opens on 25-4-22 -- • Shashwat Furnishing Solutions
Nanavati Ventures BSE SME Issue Opens on 25-4-22 --
Financial Weekly

April 2022 54
Asian Granito and AurumPropTech's Rights Issues to be launched this week
Shashwat Furnishing's BSE SME IPO got 1.64 times subscription on 3rd day
Muthuttu Mini Fin's Rs. 125 crore NCDs issue will open on April 20 and close on May 17
Edelweiss HF's NCDs issue got 1.68 times and Muthoot Fin's NCDs issue got 3.78 times subscription
UGro got 0.87x, Sakthi got 2.27x and Dhani got 0.07x subscription
:- The issue with offer price of Rs. 45 to raise Rs. 2.51 crore has opened on April 20
and close on April 25. It will get listed on BSE SME.
• Global Longlife Hospitals and Research :- The issue with offer price of Rs. 140
to raise Rs. 49 crore has opened on April 21 and will close on April 25. It will get listed
on BSE SME.
• Fone4Communications :- Rs. 6.80 crore BSE SME IPO will open on April 25 and
close on April 27.
• Nanavati Ventures :- Rs. 2.18 crore BSE SME IPO will open on April 25 and close
on April 27. Lot size is 3000 shares and price is Rs. 50.
• Rights Issues :- Five Rights Issues - AurumPropTech, Asian Granito, Bhagiradha
Chemicals and Industries, Nakoda Group, Makers Laboratories Limited are in the mar-
ket.
• NCDs issues :- Around half a dozen NCDs issues are in the market. Analysis of
Edelweiss Housing Fin., Muthoot Fin., UGRO Capital, Sakthi Fin., Dhaani Loans was
given last week, analysis of Muthoottu Mini Fin is given in the separate box.
Rights Issue
Sr Company Issue Open Dt. Issue size Offer price Ratio & Listing Lead Manager /
Issue Close Dt. (Rs. Cr.) (Rs.) Record Dt. Registrar
1. Makers 18-4-2022 0.10 Cr. Shares 150 1 Shares for every BSE Arihant Capital
Laboratories to (Rs. 14.75 Cr.) (F. V. Rs. 10) 5 fully paid shares Link Intime (R)
27-4-2022 held on 1-4-2022
2 Nakoda 18-4-2022 0.28 Cr. Shares 120 1 Shares for every BSE Shreni Shares
Group to (Rs. 33.40 Cr.) (F.V. Rs. 10) 4 fully paid shares NSE Bighsares Ser. (R)
2-5-2022 held on 1-4-2022
3. Bhagiradha 19-4-2022 0.21 Cr. Shares 400 4 Shares for every BSE Emkay Global
Chemicals to (Rs. 83.84 Cr.) (F. V. Rs. 10) 17 fully paid shares NSE Link Intime (R)
4-5-2022 held on 9-4-2022
4. Asian 25-4-2022 7.00 Cr. Shares 63 37 Shares for every BSE Pantomath Capital
Granito 10-5-2022 (Rs. 440.96 Cr.) (F. V. Rs. 10)30 fully paid shares NSE Link Intime (R)
held on 12-4-2022
5. Aurum 26-4-2022 4.29 Cr. Shares 80 3 Shares for every BSE DAM Capital
PropTech to (Rs. 343.56 Cr.) (F. V. Rs.5) 2 fully paid shares NSE KFin Techno (R)
10-5-2022 held on 14-4-2022
Financial Weekly

April 2022 55
Non Convertible Debenture (NCD) Issues at a Glance
Sr Company Issue Open Bond size F.Value Min. Listing Rating Recomm.
Issue Close (Rs. Cr.) (Rs.) App.
6-4-2022 Base Size Rs.150 Cr. 1,000/- 10 NCDs BSE CRISIL
Clear
1. Edelweiss 26-4-2022 with an option to Retain (Rs.10,000) AA-/Negative
Housing Oversubscription up to Lead manager : and Avoid
Finance Rs. 150 Cr. (Aggregating Edelweiss, Equirus Capital ACUITE
up to Rs. 300 Cr.) AA/Negative
7-4-2022 Base Size Rs.100 Cr. 1,000/- 10 NCDs BSE ICRA AA+/Stable
2. Muthoot 29-4-2022 with an option to Retain (Rs.10,000) by Apply
Finance Oversubscription up to Lead manager : ICRA
Rs. 400 Cr. (Aggregating A.K. Capital
up to Rs. 500Cr.)
7-4-2022 Base Size Rs.50 Cr. 1,000/- 10 NCDs BSE ACUITE A+ Apply
3. Ugro 6-5-2022 with an option to Retain (Rs.10,000) NSE by
for
Capital Oversubscription up to Lead manager : Acuite
Rs. 50 Cr. (Aggregating Sundae Capital,
Small
up to Rs. 100 Cr.) Tipsons, Trust Inv. Amount
11-4-2022 Base Size Rs.50 Cr. 1,000/- 10 NCDs BSE ICRA BBB
4. Sakthi 4-5-2022 with an option to Retain (Rs.10,000) (Stable) AVOID
Finance Oversubscription up to Lead manager : by ICRA
Rs. 50 Cr. (Aggregating Dalmia Securities
up to Rs. 100 Cr.)
Dhani Loans 19-4-2022 Base Size Rs.100 Cr. 1,000/- 10 NCDs BSE IVR AA/Stable
5. and 10-5-2022 with an option to Retain (Rs.10,000) NSE Outlook AVOID
Services Oversubscription up to Lead manager :
Rs. 100 Cr. (Aggregating Dalmia Securities
up to Rs. 200 Cr.)
Muthoottu 20-4-2022 Base Size Rs.125 Cr. 1,000/- 10 NCDs BSE CARE BBB+
6. Mini 17-5-2022 with an option to Retain (Rs.10,000) NSE By CARE
Financiers Oversubscription up to Lead manager : Rating
Rs. 125 Cr. (Aggregating Vivro Financial Services
up to Rs. 250 Cr.)
Subscription figure of Subscription figure of

Edelweiss Housing Finance UGRO Capital Limited
Category No.of Bond Issue Category No.of Bond Issue
Offered/ Subscribed Offered/ Subscribed
Reserved 22-4-22 Reserved 22-4-2022
Cat.1 (QIB) 1,50,000 0.01x Cat.1 (Inst.) 1,00,000 0.00x
Cat.2 (NII) 1,50,000 1.02x Subscription figure of Cat.2 (Non Inst.) 1,00,000 0.85x
Category III 6,00,000 0.98x Sakthi Finance Limited Category III (HNI) 1,50,000 0.33x
Category IV 6,00,000 2.96x Category No.of Bond Issue Category IV (R) 1,50,000 1.99x
Total 15,00,000 1.68x Total 5,00,000 0.87x
Offered/ Subscribed
Reserved 22-4-2022
Cat.1 (Inst.) 25,000 0.00x Subscription figure of
Subscription figure of Cat.2 (Non Inst.) 75,000 0.16x Dhani Loans and Services
Muthoot Finance NCDs Issue Category III (HNI) 2,00,000 2.00x
Category No.of Bond Issue
Category No.of Bond Issue Category IV (R) 2,00,000 3.61x
Offered/ Subscribed
Offered/ Subscribed Total 5,00,000 2.27x
Reserved 22-4-2022
Reserved 22-4-2022 Cat.1 (Inst.) 3,00,000 0.00x
Cat.1 (Inst.) 50,000 2.37x Cat.2 (Non Inst.) 1,00,000 0.00x
Cat.2 (Non Ist.) 50,000 4.60x Category III (HNI) 3,00,000 0.03x
Category (HNI) 4,00,000 2.36x Category IV (R) 3,00,000 0.22x
Category IV (R) 5,00,000 4.97x Total 10,00,000 0.07x
Total 10,00,000 3.78x
Financial Weekly

April 2022 56
Grey Market Movement
As primary market turns active after two months,
Grey Market witnesses huge volume
Premiums of Campus, Rainbow crumbled
Huge volume in subject to segment in Le Merite,
Fone4 and Global Longlife
Grey Market has turned active after two long months as two mainboard
IPOs and three SME IPOs are in the market.
Campus Activewear :- The issue with offer price of Rs. 292 witnessed
premiums of Rs. 63-65 in the beginning which has come down to Rs. 53-55
and subject to rates are believed to be Rs. 2300. Interest rates for Rs. 2 lakh
application is Rs. 450, for Rs. 2-10 lakh is Rs. 2400 and Rs. 10 lakh is Rs.
13000. The counters are witnessing huge volumes.
Rainbow Children Medicare :- The premiums started at Rs. 58/60, then
came down to Rs. 38/40. Subject to rates are Rs. 600. Minimum application
rates are Rs. 320, 2300 and Rs.8000 for minimum application, HNI-1 and HNI-
2 repsectively.
LIC :- The issue witnessed discount but now premiums are around Rs. 5.
* SME IPOs:-
Le Merite Exports :- Subject to rates are Rs. 12000 to Rs. 13000.
Fone4 Communication :- Premiums are Rs. 2.50 to Rs. 3. Subject to rates
are Rs. 10,000 to Rs. 12000. Huge volumes witnessed on counter.
Global Longlife :- Premiums are Rs. 1 to Rs. 1.50. Subject to rates are Rs.
9000 to Rs. 10000.
Financial Weekly

April 2022 57
Campus Activewear Limited Main Line IPO
Opens on 26th April & Closes on 28th April, Offer Price Rs. 278 to 292; Listing on BSE & NSE
It has posted consistent financial growth since, FY19 to 9MFY22 except setback in FY21
Volatile fluctuation in revenue, EBITDA & Profit margin - ROCE is under pressure
On valuation front IPO is reasonably priced compared to peers
Investors may apply for short to medium term rewards
Incorporated in 2005, Campus Activewear Limited is India's largest sports and athleisure footwear brand.
The company manufactures and distributes a variety of footwear like Running Shoes, Walking Shoes, Casual
Shoes, Floaters, Slippers, Flip Flops and Sandals, available in multiple colours, styles and at affordable prices.
Campus Activewear sells its products through online platforms and offline stores. Campus Activewear Limited
has a pan-India trade distribution network, with over 400 distributors in 28 states and 625 cities. The company
also has 18,200 retailers across India. The company owns and operates five manufacturing facilities across
India with an installed annual capacity for assembly of 25.60 million pairs as of September 30, 2021.
Issue Details
• Issue Opens on 26th April & Closes on 28th April 2022 Financial Performance : Consolidated Basis
Particulars (Rs. Cr.) FY19 FY20 FY21 9MFY22
• Object of the issue : The company will not receive any Total Revenue 5.96 734.12 715.08 843.9
proceeds from the Offer for Sale. Profit After Tax 38.60 62.37 24.86 84.80
• Issue Size : 4,79,50,000 Equity Share (Rs. 1400.14 Cr.) EPS 1.28 2.05 0.88 2.82
• Face Value Rs. 5 • Offer price Rs. 278 to 292 RONW (%) 19.04 21.63 8.60 21.26
• Minumum Lot Size : 51 Share • Listing on : BSE & NSE
• BRLM : JM Financial, BofA Sec., CLSA India, Kotak Mahindra Capital
• Registrar : Link Intime India Private Ltd
• Company Management : Hari Krishan Agarwal and Nikhil Aggarwal
• Pre Issue Promoter Holding : 78.21%
• Post Issue Promoter holding : 74.1%
• Issue constitutes 15.76% of the post issue paid up capital
• Average of last 3 yrs. EPS Rs. 1.34 & RONW 14.68%
• Pre IPO Eq. Capital Rs. : 152.16 Cr.
• Pre IPO : P/BV Ratio 28.33 (NAV : 10.29)
• Post Issue : P/BV Ratio : 22.03 (NAV : 13.25)
• Pre IPO P/E Ratio 3.32
• Post IPO asking P/E on fully diluted equity : 72.40
OTHER SIDE OF THE COIN
• The average cost of acquisition of equity share by the promoter / selling shareholder is Rs. 0.00 to Rs.
197.16 and offer price is Rs. 278 to 292
• It has issued bonus shares in the ratio of 3082_1 for 05 paid up share in September 2019 (Issued bonus
shares in the ratio of 1541:1 for Rs. 10 paid up capital)
• Apart from initial equity capital at par it has issued further equity in the price range of Rs. 54635 to Rs.
84250 per share (FV Rs. 5) between Sept. 2017 & October 2021
• Face value of offer price is Rs. 05, if it is converted in Rs. 10, then price band will be Rs. 556 to Rs. 592
• This IPO is fully offer for sale hence compare, will not get any proceeds.
• There have been volatility fluctuations in revenue and financial parameter such as net profit margins,
EBITDA and gross profit margins.
• Its ROCE has declined from 38.38% in FY19 to 30.07 in FY20 and 20.72% in FY21
• There is consistent decline in revenue contribution from trade distribution channel to revenue from opera-
tions and percentage of volume of products sold for last three fiscals 9MFY22.
Recommendation : It has posted consistent growth since FY19 to 9MFY22 except set
back in FY21. ON valuation front considering P/BV of 22.03 and PE of 72.40 asking price is
reasonable compared to peers. Considering monopoly in branded sports and athleisure
footwear, wide distribution network & move to premium category, investors may apply for
short to medium term rewards.
Financial Weekly

April 2022 58
Rainbow Children’s Medicare Main Line IPO
Opens on 27th April & Closes on 29th April
Offer Price Rs. 516 to 542; Listing on BSE & NSE
It is profit making dividend paying company with strong track record
It has also reported setback in FY21 & sudden jump in growth in 9MFY22 is surprising
On valuation front considering all parameter IPO is reasonably priced
Investors may apply for midterm to long term reward in this IPO
Rainbow Children's Medicare Limited operates a multi-speciality pediatric, obstetrics and gynaecology
hospital chain in India. The company offers a wide range of services such as newborn and pediatric intensive
care, pediatric multi-speciality services, pediatric quaternary care, obstetrics and gynaecology, which includes
normal and complex obstetric care, and multidisciplinary fetal care, perinatal genetic and fertility care. Rain-
bow Children's Medicare operates 14 hospitals and three clinics in six cities, with a total bed capacity of 1,500
beds, as of September 30, 2021. In 1999, the company started its first pediatric speciality hospital in Hyderabad.
Issue Details Financial Performance : Consolidated Basis
• Issue Opens on 27th April & Closes on 29th April 2022 Particulars (Rs. Cr.) FY19 FY20 FY21 9MFY22
• Object of the issue : The Early redemption of NCDs issued by Total Revenue 542.79 719.39 650.05 761.31
our Company, in full., Capital expenditure towards setting up of Profit After Tax 44.59 55.34 39.57 126.41
new hospitals and purchase of medical equipment for such new EPS 4.74 5.92 4.25 13.12
hospitals., General corporate purposes. RONW (%) 12.01 13.68 8.88 21.45
• Issue Size : OFS : 2,40,00,900 Eq. Shares, Fresh Issue Rs. 280 Cr.
• Total Issue Size : 2,94,38,884 Eq. Shares (Rs. 1595.59 Cr.)
• Face Value Rs. 10 • Offer price Rs. 516 to 542 • Minumum Lot Size : 27 Share • Listing on : BSE & NSE
• BRLM : Kotak Mahindra Capital, J.P. Morgan, IIFL Securities • Registrar : KFin Technologies Limited
• Company Management : Dr. Ramesh Kancharla, Dr. Dinesh Kumar Chirla and Dr. Adarsh Kancharla
• Pre Issue Promoter Holding : 62.49% • Post Issue Promoter holding : 49.83%
• Average of last 3 yrs. EPS Rs. 4.89 & RONW 11.00%
• Pre IPO Eq. Capital Rs. : 96.33 Cr. • Post IPO Equity capital Rs. 101.50 Cr.
• Pre IPO : P/BV Ratio 8.79 (NAV : 61.63) • Post Issue : P/BV Ratio : 6.30 (NAV : 86.07)
• BRLM’s Performance : This is 26th Issue from BRLM in last 3 years. In last 10 listing - 6 issue opend
with premium & 4 Issue opened with discount.
• The average cost of acquisition on equity share by the promoter / selling shareholder is Rs. NIL< 0.9, 7.32,
54.5 and Rs. 110.29 and offer price is Rs. 516 to 541
• It has issued bonus shares in the ratio of 1:1 in June 2008, 3:1 in January 2018 & 1:1 in December 2021
before filing DRHP.
• Apart from initial equity capital at par. It has issued further equity in the price range of Rs. 20 to 436
between march 2011 to April 2022
• Its revenue is highly dependent on hospitality in Hyderabad and Bangalore.
• It has suffered setback in top line and bottom line in FY21
• Sudden jump in bottom line of 9MFY22 is surprising
• There is volatility fluctuations in RONW since 19 to 9MFY22
• Post issue promoter holding will be reduced to below 50%
Recommendation : It is profit making & dividend paying company; however it has reported set-
back in top line & bottom line for FY21. On valuation front in considering all parameters IPO is rea-
sonably priced. Considering pediatric multi-specialty health care chain with strong clinical expertise,
Investors may apply for mid to long term prospective in this IPO.
Financial Weekly

April 2022 59
Shashwat Furnishing Solutions BSE SME IPO
Opened on 20th April & Closes on 25th April
Offer Price Rs. 45; Listing on BSE SME Platform
On financial front it has posted only 11 months of working
Post IPO 2.09 cr. Tiny equity capital indicates
longer time to migrate main board
On valuation considering all parameters
IPO is very expensive : Avoid IT
Shashwat Furnishing Solutions Limited is a manufacturer and supplier of furniture and handicraft items.
The company specializes in developing Industrial Furniture, Restaurant and Cafe Furniture, Garden and
Outdoor Furniture, Vintage Furniture, Mirror Frames, Wall clocks and various other decoration & handicrafts
objects. The company engages in the business of purchasing, assembling, finishing and repairing semi-
furnished furniture to converting them into finished goods. Shashwat Furnishing Solutions sells its furniture to
wholesalers, retailers and customers through online platforms such as Indiamart, Trade India, Exporter India
etc. Shashwat Furnishing Solutions Limited acquired a sole proprietorship business M/s Handicrafts Village in
2021. The company's registered office, warehouse and processing unit are located in Jodhpur, Rajasthan.
Issue Details
• Issue Opened on 20th April & Closes on 25th April 2022
• Object of the issue : Working Capital Requirement and General Corporate Purpose.
• Issue Size : 5,58,000 Equity Share (Rs. 2.51 Cr.)
• Face Value Rs. 10 • Offer price Rs. 45 Financial Particulars (Rs. Cr.) 11MFY22
Total Revenue 1.23
• Minumum Lot Size : 3000 Share • Listing on : BSE SME Platform Performance : Profit After Tax 0.16
• BRLM : Beeline Broking Ltd Consolidated EPS --
• Registrar : KFin Technologies Limited Basis RONW (%) --
• Company Management : Mr. Hitesh Karnawat
• Pre Issue Promoter Holding : 100%
• Last 11 Months EPS Rs. 1.09 & RONW : 9.06%
• Pre IPO Eq. Capital Rs. : 1.53 Cr. • Post IPO Eq. Capital Rs. 2.09Cr.
• Post Issue : P/BV Ratio : -- (NAV : 11.74)
• BRLM’s Performance : This is 14th Issue from BRLM in last 5 years. In last 10 Listing : 5 Issued opened with
premium & 3 Issue opened with Discount and 2 Issue opened with at par.
" The average cost of acquisition of equity shares by the promoters is Rs. 11.17 per share and offer price Rs.
45
" It has also issued bonus share in the ratio of 15:2 in July 2021
" Apart from initial equity capital at par company has issued further equity share at a price of Rs. 100 per
share between June 2021 and July 2021
" It has posted just 11 months of working
" It will take longer time to migrate to the main board on account of tiny equity capital
Recommendation : On financial front company has reported on 11 months of working. Looking to
the post IPO Rs. 2.09 crore tiny equity capitals it will take longer gestation for migration to the main
board. Considering post IPO P/BV ratio of 11.74 and asking PE on fully diluted equity of 54.10, IPO is
very expensive. Investors may give clear avoid to this price bet.
Financial Weekly

April 2022 60
Global Longlife Hospital and Research BSE SME IPO
Opened on 21st April & Closes on 25th April
It has suffered set back in top line & reported loss for FY20
It reported turnaround position for FY21 &
Posted high growth for 9MFY22
On valuation front IPO is reasonable prices compared to peers
Considering fancy in Healthcare segment -
Investors may apply for long term prospective
Global Long life Hospital and Research Limited provides health care services. The company offers Oncology,
Ophthalmology, Cardiology, Dermatology, Gynecology, Spine Surgery, Plastic Surgery, Ultrasound, Microbiol-
ogy, Dialysis, and Physiotherapy among other healthcare services. Global Longlife Hospital is certified by the
National Accreditation Board for Hospitals and Healthcare Providers (" NABH Accredited"). The company is
known as a Multi-Specialty Tertiary Care Hospital of Gujarat with 110 beds well equipped for Medical & Surgical
Specialties. As of December 31, 2021, the company has 11 full-time consultants, and a team of more than 30
experienced doctors as consultants to serve patients. The company's staff strength also comprises 37 nurses
and more than 50 paramedical, pharmacists, corporate and support staff. Global Long life Hospital is located in
Ahmedabad. Financial Performance : Consolidated Basis
Issue Details Particulars (Rs. Cr.) FY19 FY20 FY21 9MFY22
• Issue Opened on 21st April & Closes on 25th April 2022 Total Revenue 34.70 33.66 32.77 26.74
• Object of the issue : Acquire land on leasehold basis., Repay- Profit After Tax 1.36 -0.86 1.04 3.86
ment of Loan and General corporate purposes. EPS 2.53 -1.23 1.48 5.52
• Issue Size : 35,00,000 Equity Share (Rs. 49.00 Cr.) RONW (%) 17.85 -11.72 11.54 29.21
• Face Value Rs. 10 • Offer price Rs. 140

• Minumum Lot Size : 1000 Share • Listing on : BSE SME Platform
• BRLM : Interactive Financial Services Ltd
• Registrar : Bigshare Services Pvt Ltd
• Company Management : Mr. Sureshkumar Babulal Jani and Mr. Dhruv Sureshkumar Jani
• Pre Issue Promoter Holding : 81.43% • Post Issue Promoter holding : 54.29%
• Average of last 3 Yrs. EPS Rs. 0.75 & RONW : 4.84%
• BRLM’s Performance : This is 2nd Issue from BRLM in last 2 years. In last 1 Listing opened with discount.
• The average cost of acquisition of equity shares by the promoter is Rs. 2.92 and Rs. 2.069 per share and
offerd price Rs. 140 per share.
• Apart from initial equity capital at par, it has also issued some equity price of Rs. 15 per share in October
2012
• It has suffered set back in top line and also posted loss in FY20
• Post issue promoter holding reduced to 54.29% from 81.43%
Recommendation : On financial front it has suffered set back in top line and reported loss for
FY20. But in FY21 company turnaround position & posted big growth for 9MFY22. On valuation
front IPO is reasonably priced compared to peers. Considering fancy in health care segment post
covid investors may apply for long term prospective.
Financial Weekly

April 2022 61
Fone4 Communications (India) BSE SME IPO
It has incurred losses for last three fiscals
Accumulate loss is very high
Risk taker investors may apply in this
high risk high return IPO as it is at par
Incorporated in 2014, Fone4 Communications (India) Limited is an online Electronic E-Commerce com-
pany. The company distributes a wide range of products online and offline such as electronic gadgets and
accessories for Smart Phones, Laptops, Smart Television, etc. from major manufacturers such as Apple,
Samsung, Oppo, Vivo, Xiaomi, Nokia, Redmi, Techno, Karbonn, One Plus, Dell, Lenovo, Asus, HP, Acer,
Avita, TCL, Xiaomi, LG, and Sansui. Fone4 Communications is located in Kerela.
Fone4 Communications has 25 Showrooms with the brand name 'FONE4' in all major cities of Kerala
including Calicut, Cochin, Kollam, Kottayam, Malappuram, Palakkad, Thrissur, among others. The company's
warehouse is located in Kochi, Kerela. Financial Performance : Consolidated Basis
Issue Details Particulars (Rs. Cr.) FY19 FY20 FY21 9MFY22
• Issue Opens on 25th April & Closes on 27th April 2022 Total Revenue 152.43 57.52 63.80 42.13
• Object of the issue : To meet the working capital Profit After Tax -1.55 -0.98 -0.10 0.09
requirements of the company, To meet the Issue Expenses EPS -8.88 -5.59 -0.57 0.15
and General Corporate Purposes. RONW (%) -146.4 -1182.6 -- 2.12
• Issue Size : 68,00,000 Equity Share (Rs. 6.80 Cr.)

• Minumum Lot Size : 10,000 Share • Listing on : BSE SME Platform
• BRLM : Finshore Management Services Limited
• Registrar : Cameo Corporate Services Limited
• Company Management : Mr. Sayyed Hamid and Mrs Roudha Zerlina
• Average of last 3 Yrs. EPS Rs. -3.63 & RONW : -837.23%
• Post IPO asking P/E on fully diluted equity : 145
• BRLM’s Performance : This is 15th Issue from BRLM in last 4 years. In last 10 Listing : 9 Issued opened
with premium & 1 Issue at Par.
• The average cost of acquisition of shares by the promoter is Rs. 10 & offer price per share is Rs. 10
• Company issued / converted entire equity at par.
• It has incurred loss from FY19 to FY21 & there inconsistency in top lines during the same period. Though
It has achieved turnaround position in 9MFY22
• It has posted negative EPS, RONW during the last three fiscals.
• Its accumulate loss is very high which will take longer time to recover it.
Recommendation : It has incurred loss during last three fiscals & has posted nega-
tive EPS & RONW; It has achieved turn around position in 9MFY22. Risk taker inves-
tors may apply in this high risk, high return IPO which is at par.
Financial Weekly

April 2022 62
Nanavati Ventures Limited BSE SME IPO
It has posted consistent growth during last three fiscals & 9MFY22
On account of tiny equity capital it will take longtime to migrate main board
On valuation front considering PE of 62.20 IPO is very expensive
Investors may avoid this rich and risky bet
Incorporated in 2010, Nanavati Ventures Limited is a Diamond Trading company. The company sells
diamonds largely to a domestic customer base that includes jewellery manufacturers, large department store
chains, retail stores, and wholesalers. The company is located in Surat, Gujarat.
Nanavati Ventures purchases rough and unpolished diamonds from suppliers, and then professional work-
ers process and polish those rough gemstones for the end product. The company's products are sold and
distributed through independent sales and distribution networks.
Issue Details
• Issue Opens on 25th April & Closes on 27th April 2022 Financial Performance : Consolidated Basis
• Object of the issue : To meet the working capital requirements Particulars (Rs. Cr.) FY19 FY20 FY21 9MFY22
of the company, To meet the Issue Expenses and General Cor- Total Revenue 0.56 5.95 11.32 10.50
porate Purpose. Profit After Tax 0.003 0.05 0.12 0.10
• Issue Size : 4,36,000 Equity Share (Rs. 2.18 Cr.) EPS 0.28 44.90 99.67 0.95
RONW (%) -12.00 105.41 1.94 1.59
• Minumum Lot Size : 3000 Share • Listing on : BSE SME Platform
• BRLM : First Overseas Capital Limited • Registrar : KFin Technologies Limited
• Company Management : Mrs. Kashmira Hemantkumar Nanavati, Mr Shreykumar Hasmukhbhai Sheth
and Ms Vaishnavi Hemantkumar Nanavati.
• Pre Issue Promoter Holding : 71% • Post Issue Promoter holding : 52.19%
• Pre IPO Eq. Capital Rs. : 1.21 Cr. • Post IPO Eq. Capital Rs. 1.65 Cr.
• Pre IPO : P/BV Ratio : 0.96 (NAV : 51.82)
• BRLM’s Performance : This is 12th Issue from BRLM. In last 10 Listing : 7 Issued opened with premium &
1 Issue Discount and 2 issue opened with at par.
• The average cost of acquisition of equity share by the promoter is Rs. 0.00 and 49.63 per equity share and
offer price is Rs. 50 per share.
• Apart from initial equity capital at par company issued further equity share at the fixed price of Rs. 50 per
share between April 2020 to May 2020
• Post Issue paid-up equity capital will be 1.65 cr. Hence due to tiny equity capital it take longer gestation
period to migrate main board.
• Diamond trading highly competitive business.
• It has filled DRHP in sebi on 16th April 2021 and now after one year it has filled DRHP on 16th April 2022
• It has only 7 employed on its payroll included directors.
• On valuation front considering estimated EPS to post IPO fully diluted equity capital it asking price is at a PE
of 62.20
Recommendation : It has posted consistent growth in top line & bottom line for last three
fiscal and 9MFY22. Due to tiny equity it will take longer to migrate to the main board. On
valuation front considering PE of 62.20, IPO is very expensive. Hence investors may avoid
this price bet.
Financial Weekly

April 2022 63
Le Merite Exports Limited NSE SME IPO
Offer Price Rs. 75 ; Listing on NSE SME Platform
It has reported strong track record for FY19 to 9MFY22
Sharp increase in cotton price &
exports to china, turkey are major concerns
Strong dollar against rupee may fetch good benefit for exports
Consider P/BV 2 & PE of 8.33, asking price is reasonable
Investors may apply for short term or listing gain in this IPO
Incorporated in 2003, Le Merite Exports Private Limited is engaged in the manufacturing and trading of
textile products such as cotton yarn, greige fabric and finished fabric. The company conducts business through
three verticals, consisting of manufacturing of yarn, trading of yarn, and trading of greige and finished fabrics.
Le Merite Exports Private Limited's former name was Didwaniya Yarn Exports Private Limited. The company
offers a wide range of products such as cotton fabric, towel & bed-sheet fabric, polyester and viscose material,
apparel fabric, dyed yarn, etc. The company has two subsidiaries namely Le Merite Filament Private Limited
and Le Merite Laxmi Spinning Private Limited. The company exports its products to domestic and interna-
tional markets, including 52 countries covering 5 continents.
Issue Details
Financial Performance : Consolidated Basis
Particulars (Rs. Cr.) FY19 FY20 FY21 9MFY22
• Issue Opens on 25th April & Closes on 28th April 2022 Total Revenue 180.93 217.28 269.13 370.87
• Object of the issue : Meeting incremental working capital Profit After Tax 1.13 3.15 7.06 15.87
requirements and General corporate purposes. EPS 0.66 1.84 4.13 6.55
• Issue Size : 64,00,000 Equity Share (Rs. 48.00 Cr.) RONW (%) 7.98 18.20 28.99 31.48
• Minumum Lot Size : 1600 Share • Listing on : NSE SME Platform
• BRLM : Fedex Securities Limited • Registrar : Bigshare Services Pvt Ltd
• Company Management : Abhishek Lath and Umashankar Lath
• Pre IPO Eq. Capital Rs. : 17.08 Cr. • Post IPO Eq. Capital Rs. 23.48 Cr.
• Pre IPO P/E Ratio : 24.91 • Post IPO asking P/E on fully diluted equity : 8.33
• BRLM’s Performance : This is 13th Issue from BRLM in last 4 years. In last 10 Listing : 8 Issued opened with
premium & 2 Issue with at par.
• The average cost of acquisition of equity shares by the promoter is Rs. 1 per share and offer price is Rs. 75
per share.
• It has also issued bonus shares in the ratio of 9:1 during January 2022 before filling DRHP
• It is dependent on third party contracts.
• Cotton price are almost doubled during last one year which the major concern.
• Its 70% revenue from export sale coming from china, turkey and IRAN where our political relations are not
so good.
• There is inconsistency in RONW
Recommendation : It has posted strong growth during last three fiscals & 9MFY22. Its top line
grows by 100% and bottom line markets growth of over 14 times. During the fiscals 2019 to 9MFY22.
Its revenue & exports grew at a CAGR of around 29%. Company will fetch good benefits of strong
dollar against rupee due to high exports. On valuation front considering P/BV of 2.00 and PE of 8.33.
IPO is reasonably priced. Apply for short term prospective & listing gain.
Financial Weekly

April 2022 64
Muthoottu Mini Financiers Limited NCDs Issue
Opened on 20th April & Closes on 17th May
Offer price Rs. 1000 per NCD; Listing on BSE
Rating CARE BBB+ base issue Rs. 125 Cr. Total Issue Size Rs. 250 Cr.
It has posted inconsistent financial performance for the last three fiscals
Considering BBB+ rating by CARE,
Risk taker may apply in this NCD Issue
Muthoottu Mini Financiers Limited, is an RBI registered Non-Banking Financial Com-
pany (NBFC) in the gold loan industry lending money in exchange for gold jewellery
pledged by customers. The Company offers gold loans, fixed deposits, microfinance,
money transfer service schemes, online gold loans, insurance and banking solutions.
The company has a presence in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh,
Telangana, Haryana, Maharashtra, Gujarat, Delhi and Goa and the union territory of
Puducherry. Muthoottu Mini Financiers Limited is a Flag Ship Company of the M Mathew
Muthoottu Group. The company has 4,22,073 Gold Financial Performance : Consolidated Basis
Loan accounts and a network of 804 branches as of Particulars (Rs. Cr.)
Total Revenue
FY19 FY20 FY21 9MFY22
298.15 313.15 368.25 314.10
December 31, 2021. The company's 61% of branches Profit After Tax 20.96 33.54 31.91 37.83
i.e. 490 branches are in rural and semi-urban areas in South India.
Issue Details
• Issue Opens on 20th April & Closes on 17th May
• Object of the issue : For the purpose of onward lending, financing, and for repayment/
prepayment of principal and interest on borrowings of the Company and General cor-
porate purposes.
• Issue Size : Base Issue : Rs.125 Cr., Shelf Size : Rs. 125 Cr. Total Issue Size : Rs.
250 Cr.
• Issue Price : Rs. 1000 NCDs • Minimum Lot Size : 1 NCDs
• BRLM : Vivro Financial Services Private Limited
• Registrar : Link Intime India Private Ltd
• Trustee : Mitcon Trusteeship Services Ltd.
• Rating : CARE BBB+ by CARE Ratings Limited
• Tenure : 480 Days, 24, 36, 48 and 66 Months
• Coupon Rate : 8% to 10%
Recommendation : It has posted inconsistent financial performance
during last three fiscals & sudden jump in top & bottom line. 9MFY22 is
surprising. This is 17th NCDs offer since Feb. 2014 and it has reduced the
coupon rates. Considering BBB+ rating by care with moderate risk, only
risk taker investors may apply for this NCDs issue.
Financial Weekly

April 2022 65
Smart Best Buy S. N. Zaveri
Havells India: Momentum even amid market correction

Polyplex Corporation : Attractively valued at current price
Tata Elxsi comes out with strong Q4 and annual numbers
UPL : UPL Consolidation is complete, ready for upmove
ACC : Cement Price hike will move up the stock further
Havells India (Rs. 1316.00) (Code : 517354) : Havells India is the largest fast
moving electrical goods (FMEG) manufacturing company in the country. Havells (ranked in the top
three in most ranges except air conditioners) has seen the highest brokerage earnings upgrade for
FY23. Havells India last month launched a revolutionary range of energy efficient ECOACTIV fans
by launching 19 new models in the fan range for the upcoming summer season. Among the many
challenges for the FMEG space, brokerage is betting on market leaders who dominate their own
product category. Despite the correction in the market, the stock has risen significantly in the last
two weeks. Momentum is captured in it. Buy.
Polyplex Corporation (Rs. 2608.00) (Code 524051) :- Polyplex Corporation
Ltd. (Polyplex) has the seventh-largest capacity of polyester (PET) film globally. Its polyester capa-
bilities include both thin and thick PET film in a wide range of thickness and surface properties
covering a spectrum of applications. Its diversified business portfolio also includes BOPP, Blown
PP/PE and CPP films produced in state-of-the-art plants with economic size. Integrated down-
stream capabilities of Metallizing, Holography, Silicone Coating, Offline Chemical Coating, Extru-
sion Coating and Transfer Metallized Paper deliver further value-added products. The company
has a global presence, supplying to about 1950 customers in 75 countries across Europe, the
Americas, the Indian sub-continent, Far East, Asia Pacific and the Middle East. Currently, there is
huge demand for its products worldwide. The stock is attractively valued even at current price. Buy.
Tata Elxsi (Rs. 8357.00) (Code : 500408) :- Design and technology services pro-
vider Tata Elxsi reported a 38.95 percent year-on-year (YoY) rise in net profit at Rs 160 crore for the
fourth quarter ended March 31, 2022. Its revenue from operations rose 31.51 percent YoY to Rs
681.7 crore from Rs 518.39 crore. The company has delivered the highest annual growth in its
history, with full-year operating revenues growing by 35.3 percent and Profit after Tax (PAT) grow-
ing by 49.3 percent to Rs 549.7 crore, crossing Rs 500 crore for the first time. The company has
reported Rs 2,470.8 crore of revenue from operations for the financial year 2021-22 ending March
31, 2022, a growth of 35.3 percent YoY. The company registered a net profit of Rs 549.7 crore
during the year, growing 49.3 percent YoY. The Board of Directors have recommended a final
dividend of Rs 42.50 per equity share of par value of Rs 10 each for the financial year ending
March 31, 2022. The stock is worth accumulation. Cont...
Financial Weekly

April 2022 66
UPL Ltd (Rs. 817.00) (Code : 512070) : UPL stock is looking very much firm above
Rs.800 and consolidation seems almost complete now. CLSA sees strong quarters ahead for the
agrochemicals maker due to rising soft commodity prices, price hikes, and a greater demand for
the company's Glufosinate herbicide as competitor Bayer's Glyphosate faces supply issue. These
factors "bode well" for UPL's revenue and profitability in the coming quarters despite margin pres-
sure from higher logistics costs. The research firm reiterated its 12-month target of Rs 1100 on
UPL, indicating a potential upside of 38%. Of the 30 analysts tracking UPL, 22 have a ‘buy’ rating,
two suggest a ‘hold’ and two recommend a ‘sell’ with an average upside of 17.5%.UPL should be
able to comfortably exceed its revenue and Ebitda estimates and debt payments for FY22 despite
higher logistics costs due to the current rise in commodity prices on the back of an ongoing Russia-
Ukraine war, said CLSA. Russia and Ukraine contribute less than 2% of its revenue and UPL has
till now not faced any major supply-chain disruptions. Buy.
ACC Ltd (Rs. 2262.00) (Code : 500410) :- Cement maker ACC Ltd on Tuesday
reported a 29.5 per cent decline in consolidated net profit to Rs 396.33 crore for the first quarter
ended March 2022, mainly due to the rise in fuel cost. The company, which follows the January-
December financial year, had posted a profit of Rs 562.59 crore a year ago. However, its total
revenue from operations during the January-March quarter increased 3.13 per cent to Rs 4,426.54
crore against Rs 4,291.97 crore in the year-ago period. During the quarter, ACC's revenue from
cement was Rs 4,102.24 crore and Rs 395.60 crore from ready mix concrete.Meanwhile, there are
reports that cement prices will increase 6-13 per cent in this month itself across the region follow-
ing the rise in prices of imported coal, pet coke and crude oil against the backdrop of the Russia-
Ukraine conflict. So, the price increase will make ACC stock move up further. Accumulate.
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 22nd April, 2022 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

April 2022 67
Dalal Street Whispers Dilip K. Shah
Ramkrishna Forging (Rs. 192.00) (Code : 532527) :- Ramkrishna Forging won

an export order with an estimated business value of Rs 33 crore over five years from Europe's
leading tier-1 axle manufacturer for the front axle business. On a consolidated basis, the company
also reported a 206.4% jump in net profit to Rs 45.35 crore on 49.3% increase in net sales to Rs
601.32 crore in Q3 FY22 over Q3 FY21. Considering this, the stock is recommended for short term
to mid-term period.
RateGain Travel (Rs. 370.00) (Code : 543417) :- RateGain Travel Technologies
will provide real-time rate intelligence to Caesars Entertainment which will help Caesars to boost
their hotel performance, profitability, and revenue per available room (RevPAR). Reacting to this,
the stock gained momentum and it might continue for a short term period.
Adani Enterprise (Rs. 2274.00) (Code : 512599) :- The Adani Group will invest
Rs 10,000 crore in West Bengal over the next decade. Recently this month International Holding
Co also invested $2 billion in three Adani Group companies i.e., Adani Green Energy, Adani Trans-
mission and Adani Enterprises through the preferential allotment route. Reacting to which the stock
rallied 27% in a month and reached its new record high and it might continue its rally for short term
to mid-term period.
GLAND Pharma (Rs. 3339.00) (Code : 543245) :- Gland Pharma advanced 9%
on heavy volumes in last week and it touched its 9-week high. The company has 11 injectable
products in the USFDA shortage list, which have combined sales of ~$400 million over the past
12-months, considering this, the stock is recommended for mid-term to long term period.
M&M (Rs. 920.00) (Code : 500520) :- M&M’s stock has bounced back 33 per cent
from its 52-week low of Rs 671. Recently the company also announced a price hike of 2.5% on its
range of vehicles with effective from April 14, 2022. Reacting to this, the stock has gained momen-
tum and might continue it for mid-term period.
Angel One (Rs. 1890.00) (Code : 543235) :- Angel One reported profit after tax
(PAT) of 24 % quarter on quarter (QoQ) and 94.6 per cent year on year (YoY) at Rs 205 crore, on
healthy volume growth. Its Operating revenue grew 16 % QoQ and 77 % YoY to Rs 410 crore,
driven by a healthy performance across Broking and interest income. Reacting to which, the stock
hit an all-time high of Rs 1,793 and might continue its rally for mid-term period.
VRL Logistics (Rs. 583.00) (Code : 539118) :- VRL Logistics signed Memoran-
dum of Understanding (MoU) with Ratna Cements (Yadwad) for transfer of the Wind Power (Sale
of Power). Recently the company also announced a capex plan of Rs 560 crore to purchase 1,600
Cont.....
Financial Weekly

April 2022 68
trucks (~25,000t carrying capacity) spread over the next 12-18 months. Reacting to this the stock
hits new high and might continue its rally for short term to mid-term medium period.
Paras Defence (Rs. 714.00) (Code : 543367) :- Paras Defence’s subsidiary Paras
Aerospace was listed by Ministry of Civil Aviation for PLI scheme. On a consolidated basis, Paras
Defence and Space Technologies reported net profit of Rs 7.71 crore in Q3 December 2021 as
compared to a net loss of Rs 2.55 crore in Q3 December 2020. Net sales surged 111.8% to Rs
46.44 crore in Q3 December 2021. Considering the investments made by the Government in de-
fence sector along with the PLI schemes announced and good financial reports posted by the
company, the stock is recommended for mid-term period.
ACC (Rs. 2262.00) (Code: 500410) :- There are reports that cement companies are
likely to hike prices by 6-13% due to increase in raw material prices owing to the Russia-Ukraine
conflict. This is expected to have positive impact on cement stocks.
Reliance (Rs. 2758.00) (Code: 500325) :- Reliance shares have zoomed to 52-week
high on expectations of improved gross refining margins and inventory profits. The company’s
market cap is more than Rs. 18 lakh crore of $241.30 billion, making it the 39th most valuable
company in the world.
L&T Infotech (Rs. 5091.00) (Code: 540005) :- L&T Infotech has reported net profit
of Rs. 637 crore for the fourth quarter, as against Rs. 545 crore last year. Revenue from operations
was Rs. 4352 crore as against projected Rs. 4301 crore.
Indian Hotels (Rs. 240.00) (Code: 500850) :- This Tata Group company has signed
up another hotel property in Chennai, which will be its fourth in the metro.
IGL (Rs. 376.00) (Code: 532514) :- This city gas distribution entity has received the
approval for developing gas distribution infrastructure in three more areas.
Indigo (Rs. 1916.00) (Code: 539448) :- The domestic air traffic grew 36.7% in March,
and the total number of passengers was 1.07 crore.
Dhampur Sugar (Rs. 570.00) (Code: 500119) :- According to the commerce de-
partment, sugar exports from the country have zoomed 291% since 2013-14.
Nestle India (Rs. 18,200.00) (Code: 500790) :- This FMCG major reported profit of
Rs. 595 crore for the March quarter, which was 1.25% lower on a quarterly basis. Sales were up
9.7% to Rs. 3951 crore. Expenses were up 12.98% while domestic sales rose 10.23%.
Oil India (Rs. 239.00) (Code: 533106) :- This PSU oil exploration company has
commissioned a green hydrogen plant at Jorhat in Assam.
Dr. Reddy’s (Rs. 4192.00) (Code: 500124) :- This leading pharma company has
launched the generic version of Nexafil tablets in the US.
ICICI Securities (Rs. 597.00) (Code: 541179) :- The company reported profit of Rs.
Financial Weekly

April 2022 69
340 crore in the March quarter, which was 3.3% higher than the last year, but lower than the con-
sensus projection of Rs. 357 crore. Income was up 21% to Rs. 892 crore.
Tata Elxsi (Rs. 8357.00) (Code: 500408) :- The company reported profit of Rs. 160
crore for the March quarter, showing a growth of 39%. The income was up 32% to Rs. 682 crore.
Infosys (Rs. 1585.00) (Code: 500209) :- This leading IT company has completed the
acquisition of digital experience and marketing agency Oddity.
MindTree (Rs. 3871.00) (Code: 532819) :- This IT company reported income of Rs.
2898 crore in the March quarter, which was 5% higher than last year. Net profit rose 7.6% to Rs.
473.1 crore. For the whole year, income jumped 31% to Rs 10,525 crore, while profit zoomed
47.7% to Rs. 1653 crore.
SJVNL (Rs. 29.50) (Code: 533206) :- The company has signed an agreement with the
Himachal Pradesh State Co-Operative Bank for a Rs. 494 crore loan for a 66 MW hydro electric
project.
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
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Financial Weekly

April 2022 70
PSU looking postive
Col Ajayastromoneyguru
Mobile 9414056705
As per Col Ajay CEO www.ajayastromoneyguru.com fourth week of April 2022

represented by planet known as ketu and year 2022 represented by planet
known as Venus .
This Important planet sun will be in Exalted sign while jupiter will be also in own
house
Sun and Rahu in Mars house, Moon will be with ketu in libra sign . highest
volatility in stock market in previous week seen as per our advance
prediction.power,fertilizer stocks have seen good up swing as per prediction.
Now this week Public sector unites may be in focus.
Keep eyes on BHEL, Hind Copper, SAIL , SBI , Lic Hosung finance , looking
good for short term investment.
Agro commodities - As pet Astro Technical Turmeric looking postive
The above prediction and Analysis is done basis of Fundamental Analysis
and Financial Astrology .
Risk management is mandatory tool in stock Market .
You may use your wisdom and consult your analyst before taking any deci-
sion .
The above Analysis only for Education purpose.
Col Ajayastromoneyguru
Mobile 9414056705
Financial Weekly

April 2022 71
Investor’s Third Eye
Smt. Dr. Hemavathy / Padmanaban (Chennai)
E-mail : [email protected]
Astrological planetary predictions

FOR STOCK MARKET INVESTMENTS
(From 25th April to 1st May 2022)
In this week, Jupiter occupies the house of Pisces, mars and venus in Aquarius, Saturn in Capricorn,
rahu, Sun and Mercury in Aries, Ketu in Libra. Moon occupies the house of Aquarius, Pisces and Aries. On
25th and 26th April 2022, The conjunction of rahu, mercury and sun in Aries taking seventh position towards
ketu in Libra may bring volatility in the market. On 28th April 2022, Venus transit happens from Aquarius to
Pisces and Mercury transit occurs from Aries to Taurus house. On 27th April 2022, The conjunction of
moon, mars and venus in Aquarius taking ninth position towards ketu in Libra may bring volatility in the
market. On 28th and 29th April 2022, the conjunction of Jupiter, venus and moon in Pisces taking eleventh
position towards Saturn in Capricorn may favor the market. Health and pharmaceuticals sectors, Information
Technology, Electric and electronic business may show good boom in the market. Dhampur Sugar,Balrampur
Chini, KIMS, Globus Sprits, Megasoft , GAIL, DCM shriram, Venus remedies, Tejas Network, Rupa and
Company may see good movement in the stock prices.
GOLD PRICE MOVEMENTS

(From 25th April to 1st May 2022)
25th April 2022 : The conjunction of moon and Saturn in Capricorn taking 10th
position towards ketu in Libra may bring volatility in the gold prices
26th and 27th April 2022 : The conjunction of moon mars and Venus in Aquarius
taking third position towards rahu, sun and mercury in Aries may bring volatility in the market
28th and 29th April 2022 : The conjunction of Jupiter, Venus and moon in
Pisces taking eleventh position towards Saturn in Capricorn may favor the market
Financial Weekly

April 2022 72
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816 • E-mail : [email protected]
Sensex Predictions ; Dt : 25th April 2022 to 29th April 2022

" 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.
25-04-2022 Monday :- " Timepass around a psychological figure from 9.15 to

12.00. " Go for upside jobing between 12.00 and 13.30. " A small 30 minutes temporary correction
is likely to come between 13.30 to 14.00 " Overall, Nifty is likely to stay up from 14.00 to 15.00. "
Again there will be the last 30-minute profit booking.
26-04-2022 Tuesday :- " Buy Nifty around 10.00 am and exit around 10.35 am.
" Buy Nifty around 12.12 and exit around 14.44. " Go for both the above slots and be prepared for
profit and loss.
27-04-2022 Wednesday :- " If you want to keep a tab on down trend after
opening up, first look at where the opening takes place. " Therefore, the first slot is settled at 10.00
hrs. " Part 2 is from 10.00 to 12.00- and pass the time- " Up in Part 1 and Down in Part 2 " Between
12.00 to 15.00, i.e. 3 hours, Nifty is likely to be in a mix to the positive side. " In the last 30 minutes,
Nifty can go from a mix to the downside.
28-04-2022 Thursday :- " Try to settle around the surface between 9.15 and
9.45. " Between 9.45 and 10.30, the temporary side may give some hope. " Nifty stays down be-
tween 10.30 and 11.50. Between 11.50 and 14.50, there is likely to be more movement in Bank
Nifty than the Nifty. Hence, it may have a positive effect on Nifty. " Take 'Tea Break' after 14.50, as
Yoga for profit booking is taken care of by Ganesha.
29-04-2022 Friday :- " A perfect day for intraday as you can see both side
movements. " Between 9.15 and 11.51, the Hindi proverb "Khaya Piya Kuchh Nahin, Glass Toda
Bara Aana" is perfectly apt. " Overall a slight upside between 11.51 and 13.45 can be expected.
Only in the last 20 minutes, the profit booking may happen. " From 13.45 to 14.45, the positive
effect of the European market is seen. " Around 14.45, the Nifty may try to confuse you and sud-
denly catch the downtrend.
Financial Weekly

April 2022 73
Performance of “SMART PLUS NEWS LETTER”
Amazing 20% RETURN of our last News Letter Recommendation
SMART GAIN FOR SMART INVESTORS
Company Reccom. High after Ch. Company Reccom. High after Ch.
18-4-22 Recomm. (%) 18-4-22 Recomm. (%)
HAL 1677 1738 3.64 Apollo Pipes 604 621 2.81
Varun Beverages 1011 1070 5.84 Deepak Fert. 606 710 17.16
CRISIL 3148 3189 1.3 Axis Bank 793 801 1.01
Tatva Chintan 2401 2496 3.96 NMDC 167 169 1.2
Apollo Tricot 955 966 1.15 Sun PHarma 937 941 0.43
Havells 1276 1321 3.53 Asian Paints 3080 3156 2.47
Insecticides 654 733 12.08 Control Print 434 464 6.91
Cantabill 1194 1206 1.01 Adani Power 223 246 10.31
Adani Green 2806 2968 5.77 Satia INd. 143 145 1.4
BEL 247 254 2.83 Welspun Corp. 211 216 2.37
Rupa & Co. 515 524 1.75 LT Foods 92 93 1.09
GHCL 573 592 3.32 HUB Town 52 62 19.23
Gujarat Alkalies 901 976 8.32 Genus Power 87 105 20.69
Torrent Power 547 571 4.39 VEto Switchgear 106 108 1.89
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Financial Weekly

April 2022 74
Financial Weekly
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liability for the use of this column for the buying or selling of securities. Readers of this column who
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GAMC No. :1703/2021-23. Issued by SSP Ahd. Valid up to 31-12-2023

According to the Indian Newspaper Society,

24th April 2022 to 30 th

24th April 2022 to 30 th

GAMC No. :1703/2021-23. Issued by SSP Ahd. Valid up to 31-12-2023

FII ACTIVITY (Rs. in Cr.)

24th April 2022 to 30 th

24th April 2022 to 30 th

24th April 2022 to 30 th

16-Mar-22 Policy: after Russia-Ukraine crisis

24th April 2022 to 30 th

Lockdown in China - impacting supply chain

Equichain Wealth Advisors: Key points & Opinion

Telegram channel: https://t.me/Equichain : Nikunj Vithlani

24th April 2022 to 30 th

24th April 2022 to 30 th

TGV SRAAC Limited

24th April 2022 to 30 th

This are some stocks we received from our subscribers,

24th April 2022 to 30 th

Kalpna J (Email- [email protected])

announced a strategic three-year technology partnership. The collaboration is aimed at enriching

ity, virtual and augmented reality.

bution, banking, telecommunication and manufacturing sectors worldwide

from the innovation ecosystem.

24th April 2022 to 30 th

Rapid Fire Stocks

24th April 2022 to 30 th

24th April 2022 to 30 th

Super duper past performance of “Smart Research Report”

BDH INDUSTRIES LTD

betic, antidepressant, anti-ulcerant, antimalarial, anti-inflammatory, analgesic, antispasmodic, anti-

24th April 2022 to 30 th

BOROSIL LTD (543212 & NSE)

24th April 2022 to 30 th

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

24th April 2022 to 30 th

24th April 2022 to 30 th

24th April 2022 to 30 th

FAILURE TO CLOSE THE WEEK ABOVE 200DMA

This Weeks Recommendations

:::: INDEX LEVELS ::::

24th April 2022 to 30 th

BULLISH DOJI ON WEEKLY TIME FRAME :- On the daily

FLAG PATTERN TARGET 18491-19213 :- The above men-

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

24th April 2022 to 30 th

1. CONSIDERING THE RUSSIA-UKRAINE CRISIS, LIC IPO would be cut by 40%

Three-Month Stock Market Training Program

24th April 2022 to 30 th

Hard Copy is available on Every Sunday Morning at your nearest book-stall

More detail about Subscription

24th April 2022 to 30 th

24th April 2022 to 30 th

India to manufacture Pyridines. Resonance is also one of the largest manufacturers of

24th April 2022 to 30 th