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VOL : 10 • Issue No: 7 RNI No : GUJENG / 2008 / 24320 1st April to 7th April 2018

FII Activity (Rs. in Cr.)

Date Buy Value Sell Value Net Value
26-03-18 4134.47 4875.66 -741.19
27-03-18 6108.8 5045.68 1063.12
28-03-18 10134.19 11324.74 -1190.55
29-03-18 Holiday
30-03-18 Holiday
Total 20377.46 21246.08 -868.62

DII Activity (Rs. in Cr.)

Date Buy Value Sell Value Net Value
26-3-2018 6444.07 4426.12 2017.95
27-03-18 5501.54 3328.63 2172.91
28-03-18 9501.71 7541.04 1960.67
29-03-18 Holiday
30-03-18 Holiday
Total 21447.32 15295.79 6151.53

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Financial Weekly

SMART 1st April to 7th April 2018 5

INVESTMENT

BOMBAY SUPER HYBRID SEEDS LIMITED

Fastest Growing Seed Company

Corporate Feature
Bombay Super Hybrid Seeds Limited is known for its broad Clientele Portfolio in all over
India. Bombay Super Seeds is given the title of 'FASTEST GROWING SEED COMPANY' by
honourable chief minister of Gujarat, Sir Mr. Vijaybhai Rupani. Due to its innovative technol-
ogy and market focused initiative company was able to reach the turnover of Rs. 110 Crores in
the year of 2017 from the turnover of Rs. 16 .23 Crores in the year of 2014.
Company's EPS was 0.82 in the year of 2015-16, which increased to 2.48 in the year of 2016-
17, still, company is determined to increase in its net profit and EPS in upcoming years.
Along with this, company is determined to increase its turnover from 110 Crores to 250 Crores
by using the effective Research & Development Activities, and by spreading its market and prod-
uct range in the upcoming years.
Bombay Super Hybrid Seeds Limited is dealing into Hybrid Seeds industry, they develops the
seeds of which, (1) the production is with high yield & high disease resistance capacity. It also
deals (2) in the development of bio certified seeds, which are useful in increasing nutrition value of
the Seeds.

HONOURED BY RAJKOT CHAMBER OF

HONOURED WITH BEST COMMERCE AND INDUSTRY FOR BEST
PERFOMANCE
MSME 5000 AWARD - 2017

P.T.O.
Financial Weekly

SMART 1st April to 7th April 2018 6

INVESTMENT

Promoters of Bombay Super Hybrid Seeds

MR. Arvindkumar J. Kakadia
(Pintubhai Patel)
MR. Arvindkumar J. Kakadia (Pintubhai), is designated as Chairman and
Managing Director and also the Promoter of our Company. He is associated
and actively engaged in managing the company since its Incorporation. He
has more than 18 years of experience in the Agriculture industry. He is play-
ing vital role in formulating business strategies and effective implementation
of the same. He is entrusted with the responsibility of expansion and overall
management of the business of our Company, along with this He actively
grab opportunities to expand our business and take it to new height at international Market. He is
involved in taking major policy decision of the Company and has been actively involved in taking
various approval regarding seeds and other matters from state and central government. His lead-
ership abilities have been instrumental in leading the core team of our Company very effectively
& efficiently.
MR. Kiritkumar Jadavjibhai Kakadia :
MR. Kiritkumar Jadavjibhai Kakadia, is designated as Whole-time Di-
rector and promoter of our Company. He is actively engaged in company
since its Incorporation .He has rich and vast experience of 18 years in agri-
culture industry. He is entrusted with the responsibility of looking after mat-
ters relating to accounting and finance management of our Company. With
his wide experience he effectively co-ordinate and manage human resource
of our company. He efficiently undertakes networking with distribution chan-
nel of our company.

Bombay Super Hybrid Seeds Limited, is a National Seeds Corporation (NSC) Seeds Certifies
Company. The company has done total production of 775 tons of seeds including Foundation
Seeds& Breeder Seeds in Financial year 2016-17 and 2012 tons in the financial year 2017-18.
This indicates the drastic growth of 3 times into the production of company.
Bombay Super Hybrid Seeds Limited is constantly working to increase its business in India and
in Foreign Countries as well, for this, the company is focusing on effective research & development
activities and has entered into Tie-ups with many national and international institutes, due to which
the company is able to develop new products and maintain its leading position in Seeds Sector of
India.
Over this, Bombay Super Hybrid Seeds Limited is active member of 'Asia Pacific Seed Associa-
tion' and 'Africa Seed Trade Association'. Bombay Super Hybrid Seeds Limited was
prestigioussponsor of the 'Asia Pacific Seed Association - 2015' held at Goa.
Thus in coming years, by this tie-ups and foreign trade, Bombay Super Hybrid Seeds Limited is
determined to lead in the seeds production sector in countries like China, Korea, Thailand, Italy
etc. along with India.
Financial Weekly

SMART 1st April to 7th April 2018 7

INVESTMENT

Rapid Fire Stocks

- Kalpna J (Email- [email protected]) (Ring : 97690 37711) Twitter : @Kj_TechTrades

Escorts
Buy at CMP 818 - for the Targets of 890 to 1090 ,
Time Frame - 5 Months to 12 Months

TRIGGERS
1) Strong Q4 and YOY Profits are expected as Q3 Profit Up by 305% YOY at 92 cr. Q2 Profits up
by 147% at 71 Cr.
2) Beneficiery of Government’s push on infrastructure, housing, construction, and the road seg-
ment also at which the government is planning to do the Bharatmala project
3) GST rates are reduced to 18% from 28% , especially on the earthmoving and road segment
machinery.
4) On Jan 2018, Escorts Ltd. The company has reported net sales of Rs.1213.23 crores during
the period ended December 31, 2017 as compared to Rs.1100.79 crores during the period
ended December 31, 2016.
5) For the quarter ended December 31, 2017 (Q3FY18), Escorts reported 12% yoy tractor vol-
ume growth. This growth was led by 11% yoy growth in domestic volumes and a 41% yoy
growth in exports.
6) The company sold 18,930 tractors in Q3FY18 against 16,963 tractors in Q3FY17. The volume
number for Q3FY18 was its second best ever, after it reported all-time high volumes of 20,358
tractors in Q2FY18.
The Escorts Group is an Indian engineering company that operates in the sectors of agri-ma-
chinery, construction and material handling equipment, and railway equipment. Headquartered in
Faridabad, aryana, the company was launched in 1944 and has marketing operations in more
than 40 countries.?
Escorts Agri Machinery
The pioneer of farm mechanization in India, Escorts Agri Machinery has in the last seven de-
cades, committed itself to enhancing India’s agricultural productivity and add value to the farmer’s
life. Escorts currently provides technologically superior range of 12 HP to 75 HP tractors with un-
der two star brands - Farmtrac and Powertrac. With a growing network of over 800 customer touch-

P.T.O.
Financial Weekly

SMART 1st April to 7th April 2018 8

INVESTMENT

points, Escorts Agri Machinery ensures the satisfaction of its customer base of over 14,00,000 and
also promises maximum uptime of their tractors and equipment.
By the month of October, company had an order book of almost Rs 275 crore plus in the railway
business which almost addresses our next one year’s revenue target for this business and looking
at about 20% plus growth in the railway business this year and expecting a similar growth probably
will continue going forward also for the next four-five year
Escorts Agri Machinery was launched in 1960. The company manufactures tractors under the
brand names of Farmtrac, Powertrac and Steeltrac. It has four manufacturing plants in Faridabad
and one subsidiary unit in Poland in the name of Farmtrac Europe
The GST rate correction is expected to be strong trigger for the demand to pick up for earthmoving
and road machinery segments where there was de-growth in Q2.
Financial Weekly

SMART 1st April to 7th April 2018 9

INVESTMENT

Escorts Construction Equipment

Escorts Construction Equipment manufactures and markets construction and material handling
equipment like pick and carry cranes, backhoe loader, vibratory rollers and forklifts. The manufac-
turing and assembly facility is located in Faridabad.
On the construction sector, company's expectation was that in the second half of this year, it
should be able to turn around and probably be in black. But this time, since in Q2 itself we saw very
good volumes coming up which led to the turnaround happening probably a quarter earlier than
what it had anticipated initially. company is pretty bullish on the construction equipment business
this year
Escorts Railway Products
Escorts Railway Products manufactures and supplies critical railway components such as air
brake system, EP brake system, draft gears and couplers, composition brake blocks, dampers and
rubber components to Indian Railways.
On November 30, 2017, India Ratings and Research (Ind-RA), a Fitch Group company, up-
graded ratings on Escort’s credit facilities. These are summarized as follows:
1) Fund based working capital limits (Rs434cr) – upgraded from IND A / A1 to IND A+ / A1+
2) Non-fund based working capital limits (Rs398cr) – upgraded from IND A / A1 to IND A+ / A1+
3) Term loan (Rs176.3cr) – upgraded from IND A to IND A+
Escorts Introduces indigenously engineered Electric Tractor at Agritechnica Nov 2017, Hanover,
Germany . On September 6, 2017, Escorts Ltd, India’s leading engineering conglomerate today
launched India’s first Electric & Hydrostatic concept tractor and an expanded global portfolio of
tractors for the export and domestic market in 22HP to 90 HP range under flagship brands Farmtrac
and Powertrac compliant with tier 4 emission norms of Europe and America amidst 43 Interna-
tional distributors.
Farmtrac unveils NETS,Global Tractor Series designed by Studio F. A. Porsche.
Introduces indigenously engineered Electric Tractor at Agritechnica 2017, Hanover, Germany
• Offers Perkins-powered tractor range from 75 to 110HP for global farmers
• Introduces Europe and US emission norms-compliant CRDi engine tractors
• Launches compact tractors with Hydraulic and Mechanical power transmission platform
• Showcases future-ready clean and green Electric Tractor
Hanover, November 13, 2011: Farmtrac Tractors Europe, leading International tractor producer,
today unveiled its latest global tractor series created in cooperation with Studio F. A. Porsche
ranging from 20-120 HP, at Agritechnica 2017 trade show for agricultural machinery and equip-
ment, at Hanover, Germany. Studio F. A. Porsche brings in a unique blend of style and comfort in
tractors giving it a complete new look and aesthetics for today's and new age global farmers.
The company also showcased futuristic and eco-friendly electric tractor along with variants
with Hydraulic and Mechanical power transmission platform within the NETSseries.
The Global NETS series has been introduced to meet customer demand from the United States,
Europe, Latin America, Africa and ASEAN countr
 Financial Weekly

SMART 1st April to 7th April 2018 10

INVESTMENT

Bajaj Finserv Ltd

Buy at CMP 5171 - for the Targets of 5665 to 5985 ,
Time Frame - 9 Months to 24 Months

Bajaj Finserv Ltd., incorporated in the year 2007, is a Large Cap company (having a
market cap of Rs 82408.91 Crore) operating in Finance sector. The company is engaged in
life and general insurance through their joint ventures with Allianz SE namely balaji Allianz
Life Insurance Company Ltd and Bajaj Allianz General Insurance Ltd. Bajaj Allianz Financial
Distributors Ltd is a 50:50 joint venture company between the company and Allianz SE which
is engaged in the business of financial products. The company operates 138 wind mills in
Maharashtra with an installed capacity of 65.2 MW. Bajaj Auto Finance Ltd offers various
consumer finance products to the customers such as auto loans, personal loans, loans for
consumer durables and computers and SME finance
For the quarter ended 31-12-2017, the company has reported a Consolidated sales of Rs
3598.51 Crore, up 14.74 % from last quarter Sales of Rs 3136.36 Crore and up 10.72 % from
last year same quarter Sales of Rs 3249.99 Crore Company has reported net profit after tax
of Rs 1203.45 Crore in latest quarter.

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

Bandhan Bank 468.00 Raymond 898.00
Future Consumer 54.00 Talbros Auto 278.00 SBI 250.00 ACC 1508.00
Bhansali Engg. 170.00 JBF Ind. 84.00 Concor 1242.00 Rain Ind. 883.00
Dish TV 71.00 IRB Infra 223.00 HUL 1335.00 Tata Global 258.00
GSPL 188.00 J K Lakshmi Cem. 462.00 Blue Star 754.00 Yes Bank 305.00
Vijaya Bank 51.00 Bajaj Corp. 472.00 Tata Metaliks 738.00 ICICI Bank 278.00
Equitas Holding 143.00 Dabur 327.00 Voltas 620.00 Vedanta 278.00
Vikas Eco 29.00 Crompton Gre. 236.00 Britanni 4971.00 Dhunseri Petro 130.00
PNC Infra 175.00 Parag Milk 249.00 Bharat Forge 700.00 DLF 201.00
Dolphin Off. 83.00 Petronet LNG 231.00 IndiGo 1286.00 GSK Pharma 2085.00
Bal Pharma 77.00 Rane Holdings 2449.00 Hero Moto 3545.00 SUN TV 846.00
Bajaj Hind. 8.83 A U Small Fin. 617.00
Financial Weekly

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INVESTMENT
Financial Weekly

SMART 1st April to 7th April 2018 12

INVESTMENT

SMART
BUY OF THE WEEK
Dark Horse

PUNJAB & SIND BANK LTD

(533295 & NSE) (35.3) (Face Value Rs.10)
Incorporated in 1908, Punjab & Sind Bank is a Government of India (GoI) undertaking bank
started in Amritsar. They were one of the six banks nationalized by the Government of India in April
1980, and today, they are one of 19 nationalized banks in India. The primary business of Punjab &
Sind Bank is taking deposits and making advances and investments, and is divided into retail
banking, corporate banking, priority sector banking, treasury operations and other banking ser-
vices such as agency functions for insurance, distribution of mutual funds and pension and tax
collection services. As on March 2017, their network comprised of 1500 branches and 1253 ATMs
across India
It has an equity base of Rs.400.41crore that is supported by reserve of around Rs.5742.06crore.
The promoters (Government of India) hold 79.62%, financial institutions hold 10.76%, FPI hold
1.58% while the investing public holds only 8.03% stake in the company.
Bank is suffering but not badly from bad loan issue like other PSU banks. It had posted profit till
FY17. It has posted loss only in December Quarter. It is looking highly attractive at CMP.
" Its IPO came at the rate of Rs.120 in 2010
" It has made all-time high of Rs.146.70 in 2010
" It has made all-time low of Rs.31.65 and it is available around this level which is highly cheap
against its value.
" Company is having 1500 plus branches and its current market cap is only Rs.1413 means
one branch is available at less than Rs.1crore only.
" Its book value per share is around Rs.153.40 and stock is available at just 0.23 times against
its book value.
" Government of India and financial intuitions together holds around 90.38% stake in this bank.
" Bank will get Rs.785crore in recapitalization of PSU banks.
There's no doubt that it has lot of problems and macros are also not in favor as of now but
government cannot let any bank to die. It has never happened in India and it won't happen in future!
Risk take investors can accumulate this stock with a stop loss of Rs.31. It may give
very good returns in short to medium term.

Cont...
Financial Weekly

SMART 1st April to 7th April 2018 13

INVESTMENT

ECO PLAST LTD

(526703) (137.45) (Face Value Rs.10)
Incorporated in 1981 as a private limited company, Ecoplast Limited (EL) was later converted
into a public limited company in June 1994, which started its commercial production in 1982. The
company is engaged in the manufacturing and selling of polyethylene films (LPDE/ HDPE), pro-
duced by the blown film co-extrusion process for flexible packaging. At present, the company has
its manufacturing facility located at Valsad, Gujarat. The company's multilayer films finds applica-
tions in wide range of products such as agro-product fertilizers, cable wrap, cosmetics & toiletries,
food & beverages, pharmaceuticals and specialty applications. Ecoplast films are used by compa-
nies like Nestle India Ltd., HLL, Lipton India Ltd., Indian Aluminium Co Ltd., P&G India Ltd., Sterlite
Industries India Ltd. etc.
The Company's equity is just Rs.3crore while company has huge reserve of around Rs.20.97crore.
Its share book value stood at Rs.80.72 as at 31 March 2017. Promoters hold 66.74% while invest-
ing public hold 33.26% stake in the company. Promoters have increased their stake by 0.60% in
last ONE year.
It has reported superb numbers for Q3FY18 & 9MFY18. During Q3FY18, net profit soared 1230%
to Rs.1.47crore from Rs.0.12crore in Q3FY17 sales of Rs.24.66crore fetching an EPS of Rs.4.90.
During 9MFY18, net profit soared 55.42% to Rs.2.58crore from Rs.1.66crore in 9MFY17 on sales
of Rs.78.68crore fetching an EPS of Rs.8.61. In 9MFY18, Company has already reported 31%
higher PAT against FY17.
At CMP, ECOPLAST trades at PE ratio of 14.5x earnings. Based on above financial and perfor-
mance parameters, the ECOPLAST share looks quite attractive at the current level.
Investors can accumulate this stock with a stop loss of Rs.115. It may give very good
returns in medium to long term.

Financial Weekl
eekly y
Every Sunday Every Wednesday

English & Gujarati Edition Gujarati Edition

Financial Weekly

SMART 1st April to 7th April 2018 15

INVESTMENT

TRADNICAL STRATEGY
Email: [email protected], M. 9228237373
NIMESH THAKER, BARODA

Hey Sultan (Bulls) kar de Chadhai

(counter attack)........
When I was understanding market structure, at that time was remembering the scene of movie
"Sultan" where opponent broken Salman khan's rid, and after that we all knows. The last week
Friday after gap down opening Nifty closed below strong support zone of 10100-10140, where
almost all trader who has buying position was feel panic in the market. But sharp bounced back
seen in nifty and it manage settle near its strong support zone.
In my last week view, I said that " Traders are not expecting much downside and we expect
positive to side-way move" and we seen same move in market.
Nifty has formed lower top lower bottom structure on daily chart where it was successfully man-
age to close near strong support zone. The follow up selling was not happen after gap down clos-
ing indicates counter attack by bulls can expect in the market. I expect pull back rally up to 10280-
10350 in nifty.
I recommend trader to buy in nifty with the stop loss of 9985 tgt 10280-10350-10480 level for
short term trading horizon.
I also recommend to buy bank nifty with stop loss of 23900 and target of 24950-25200 level for
short term trading horizon.-
(Note: Nifty and Bank nifty levels are base on cash market.)
Maruti: Buy
Buy Range: 8861-8750
Target: 9380 Stop Loss 8600
Allocation: 10-15% of Trading Capital
Morning star formation near strong support zone of 8500 level, has seen on daily chart indicat-
ing trend reversal. The stock has relative out performed compare to nifty in recent market correction
indicating strength. I expect it may test up to 9380 level in short term hence recommend to buy.
Financial Weekly

SMART 1st April to 7th April 2018 16

INVESTMENT

FIFTY – FIFTY
MAYANK SHARMA MUMBAI -Research Analyst

CESC
(500084 & NSE) (968) (Face Value Rs.10)
CESC Limited, a power utility company, engages in the generation, transmission, and distribu-
tion of electricity to approximately 3.1 million domestic, industrial, and commercial users in the
area of 567 square kilometers (km) of Kolkata and Howrah, West Bengal in India. It owns and
operates three thermal power plants, including Budge Budge, Southern, and Titagarh generating
stations generating 1125 megawatts (MW) of power; two thermal power plants with a capacity of
power in Chandrapur, Maharashtra and Asansol, West Bengal; and transmission and distribution
systems that comprise 474 km circuit of transmission lines linking the company’s generating and
receiving stations with 105 distribution stations, as well as 8,211 km circuit of HT lines, and 12,269
km circuit of LT lines. The company also owns and operates four wind power projects with a ca-
pacity of 24 MW at Dangri in Rajasthan; 26 MW at Surendranagar, Gujarat; 36 MW at Nipaniya,
Madhya Pradesh; and 70 MW at Rojmal, Gujarat, as well as a solar plant with generating capacity
of approximately 18 MW of power in Ramnathapuram, Tamil Nadu. In addition, it operates 124
stores under the Spencer’s brand name comprising 39 hypermarkets and 29 cafes at high street/
shopping malls, business and industry locations, hospital premises, and universities. The company’s
stores cater family needs covering groceries, home and personal care products, apparel and ac-
cessories, consumer durables, and lifestyle products. Further, it offers business process manage-
ment services, such as customer management, transaction processing, and collection services to
healthcare, telecom and media, banking, financial services, and insurance companies. Addition-
ally, CESC Limited has a shopping mall, the Quest.
In 9MFY18, CESC reported revenue of Rs.5978crore with PAT of Rs.579crore against PAT of
Rs.568crore. With an equity base of Rs.133crore it has reserve of around Rs.10489.47crore. Re-
cently Company got NCLT permission for its demerger plan. Our reliable sources saying us that
something big is cooking in this counter. AT CMP of Rs.968, the stock is looking good for invest-
ment purpose. Considering all of the above, we recommend a strong BUY to our investors for short
to medium term with target of Rs.1200.

SHAH ALLOYS
(513436 & NSE) (41.75) (Face Value Rs.10)
Shah Alloys Limited manufactures and sells flat and long stainless steel, alloy and special steel,
carbon/mild steel, and armor steel products primarily in India. It offers hot rolled coils, hot rolled
sheets/plates, cold rolled coils and sheets, hot rolled round bars, hot rolled flat bars, angles, bright/
peeled bars, beams, and angles. The company also exports various products to approximately 50
countries worldwide.
In 9MFY18, it has reported loss of Rs.16.17crore against loss of Rs.16.38crore in 9MFY17 on
income of Rs.414.16crore against Rs.233.54crore in 9MFY17.
Our reliable sources saying us that something big is cooking in this counter. AT CMP of Rs.42,
the stock is looking good for investment purpose. Considering all of the above, we recommend a
strong BUY to our investors for short to medium term.
Financial Weekly

SMART 1st April to 7th April 2018 17

INVESTMENT

MMP Industries Ltd

The Biggest SME IPO
MMP Industries has attracted Anchor investors who have subscribed
for 1281600 shares at a price of Rs.188 per share amounting to Rs.
24.09 crore. It is more than 25 per cent of the total issue size

Corporate Feature
MMP Industries Limited is a Nagpur-
based company engaged in manufactur- Issue Detail
ing of aluminium products. MMPIL is en-
Issue Date : Mar. 28, 2018 to Apr 4, 2018
tering into the capital market through SME Issue Type : Book Built Issue IPO
IPO this week itself. It is the biggest SME Issue Price : Rs 186 - Rs 188 Per Equity Share
Issue Size : 45,00,000 Equity Shares of Rs 10
IPO. It will raise maximum Rs. 84.60 crore Total Issue Size : Rs 84.60 Cr
Market Lot : 600 Shares
through the issue. The company will is- Minimum Order Quantity : 600 Shares
sue 45,00,000 equity shares of Rs. 10 Listing At : NSE SME

each via book building route. The Price Band is Rs. 186–Rs. 188. Issue has already opened
on 28th March, 2018 and will close on 4th April, 2018. Minimum application is to be made for
600 shares and in multiples thereon, thereafter. Post allotment, shares will be listed on NSE
SME Emerge. Guiness Corporate Advisors Pvt. Ltd. is the sole Lead Manager of the issue
and Bigshare Services Pvt. Ltd. is the registrar. Issue constitutes 26.57% of the post issue
paid up capital of the company. Arun Bhandari is the Promoter of the Company. Promoters
hold 46,39,641 Equity Shares equivalent to 37.31% of the pre-issue, subscribed and paid-up
Equity Share Capital of the Company.
Apart from the biggest SME IPO, another significant development is that MMP Industries has

P. T. O.
Financial Weekly

SMART 1st April to 7th April 2018 18

INVESTMENT
attracted Anchor investors who have sub-
scribed for 1281600 shares at a price of
Anchor Investors
Rs.188 per share amounting to Rs. 24.09 attracted to the SME IPO
MMP Industries has attracted Anchor investors who have
crore. It is more than 25 per cent of the subscribed for 1281600 shares at a price of Rs.188 per share
amounting to Rs. 24.09 crore. It is more than 25 per cent of the
total issue size. It has issued 10,14,600
total issue size. It has issued 10,14,600 equity shares to Van-
equity shares to Vantage Equity Fund at tage Equity Fund at Rs.188 and 2,67,000 equity shares to
Raisonneur Capital Fund at Rs.188.
Rs.188 and 2,67,000 equity shares to
Name of Anchor No. of Eq. (%) Bid Price
Raisonneur Capital Fund at Rs.188.So, the Investor Shares (Per Shares)
Allocated
company has been able to convince an- Raisonneur Capital Ltd. 2,67,000 20.83 188.00
chor investors to take part in the SME IPO Vantage Equity Fund 10,14,600 79.17 188.00
Total 12,81,600 100.00
process, which is not just a major suc-
cess for the company as an individual, but
Global Technological Support
also for the SME IPO market as a whole MMPIL’s first ever worldwide venture out of Japan from Toyo
as it has opened the road for other future Aluminium with MMPIL (74:26 ratio) was signed on 25th April
2016 under the name and style Toyal MMP India Pvt. Ltd. The
IPOs. company entered into a Joint Venture with Toyo Aluminium
K.K. of Japan for the manufacturing of specialty aluminium
MMP Industries’ aluminium product pastes in a new company Toyal MMP India Private Limited. Its
range includes pyro and flake aluminium association with Global Industry leader Toyo Aluminium K.K.,
Japan would help in moving up the value chain alongside tech-
powders, atomised aluminium powders, nological support. Company holds 26% shareholding in this JV
aluminium pastes, aluminium conductors Company. The commercial production in this unit has already
commenced in February 2018.
(all aluminium, alloy aluminium and alu-
minium steel reinforced). Aluminium pow- Consistent Financial Performance
ders (pyro, flake and atomised) are used MMPIL has been very consistent. Its sales and profit have
been continuously increasing since last four financial year. Its
in many industrial sectors like construc- profit for the FY17 was Rs.13.84 crore and sales was Rs.203.93
tion (AAC Blocks) and mining crore against net profit of Rs.7.78 crore and sales of Rs.181.21
crore for the previous year i.e.FY16. Similarly, its net profit was
(Aluminised slurry explosives), agricul- Rs.3.71 crore and sales was Rs.157.64 crore for the FY15,
against net profit of Rs.2.51 crore and sales of Rs.121.73 crore
ture (pesticides), defence (ammunition), for the FY14. Thus, its net profit has jumped more than five-fold
fire crackers, railways (thermit portions) in last four years. For the first six months of the current fiscal
year, its net profit was Rs. 8.40 and sales was Rs. 105.56 crore
etc. Aluminium pastes are used in auto-

P. T. O.
Financial Weekly

SMART 1st April to 7th April 2018 19

INVESTMENT
Objects of the Issue
1. Setting up a new facility
for manufacturing of
Atomised Aluminium
Powder, Pyro and flake
Aluminium Powder and
Aluminium Foils
2. Prepayment or repayment
of a portion of loan facili-
ties availed by the Com-
pany
3. General Corporate Pur-
poses

motive, decorative and industrial paints. Aluminium Conduc- Aluminum Powder

tors are consumed by the power sector for laying of overhead
transmission lines. With 34 years of experience MMP Indus-
tries has developed in depth ability to understand process re-
lated problems and fine tuning of its products to suit customer
needs. Its customer list included UPL, Solar, IDL, Kansai
Nerolac, Asian Paints, HIL, Biltech, Shalimar Paints, Excel Crop
Care, Ultratech Cement etc.User industry is expected to grow
at a CAGR of 10% to 26% raising prospects for MMPIL that
currently enjoys market share ranging from 40% to 80%.
Mr. Arun Bhandari is the Promoter, Chairman and Managing Di-
rector of the company. He holds a Bachelor‘s degree of Technology
in Chemical Engineering from Banaras Hindu University, Varanasi.
He has experience of more than 36 years in the manufacturing of pyro technique aluminium pow-
der, paste and conductors and also manufacturing of circlips, retaining rings and other carbon steel
stampings and formed components.
The Company had set up its first plant in 1983 for pyrotechnic Aluminium powders in
technical collaboration with Andre Van Lerberghe nv, Belgium (now called AVL Metal Pow-
ders nv). The Company has further entered into a License Agreement with A. Van Lerberghe
for the production of Aluminium powder for light weight concrete. The agreement is a con-
tinuing one and has been extended till April 30, 2020.From an initial capacity of 300 MTPA in
1983 of pyro and flake Aluminium powders, the capacity presently is 7,860 MTPA. In addi-
tion, Atomised powder capacity is 7,200 MTPA including for captive consumption and Alu-
minium paste capacity of 1,500 MTPA. The Aluminium conductor capacity is presently 7,200
MTPA. The company is continuously increasing its capacities for Powder and Conductors to
meet the growing demand.
Financial Weekly

SMART 1st April to 7th April 2018 20

INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
[email protected]

NOT OUT OF THE WOODS, YET

PULL-BACK - A POSSIBILITY
Both the indices have formed a Tweezer bottom on the weekly timeframe. Coupled with the
Tweezer formation, both the indices have managed to take support at the very important level of 50
WeeksMA. The formation sets the stage for a pull-back from the current levels, until the low of 9951
on the Nifty is broken. One can expect a choppy market with clear direction missing and money
making will become increasingly difficult. Pull-back levels are placed at 10418-10562-10706 for
the Nifty.
Technically Speaking :- Sensex opened the week at 32536, made a high of 33371, low of
32515 and closed the week at 32968. Thus it closed the week with a gain of 372 points. At the
same time the Nifty opened the week at 9989, made a high of 10207, low of 9958 and closed the
week at 10113. Thus the Nifty closed the week with a gain of 115 points.
On the daily charts, both the indices have formed a small black body candle after a gap down
opening. On the weekly charts, both Sensex and Nifty formed a white body candle which falls short
of being a Harami but it forms a Tweezer Bottom along with previous week's candle. On the monthly
charts, both the indices have formed a Bearish candle after the formation of Bearish Engulfing
pattern last month. Thus candlestick analysis indicates bearishness across daily, weekly as well
as monthly timeframes.
For two consecutive weeks, both Sensex and Nifty have managed to seek support on the very
critical level of 50 WeeksMA (Sensex - 32498 & Nifty 10060). As long as the indices continue to
close above the 50 WeeksMA, there is little to worry about the downside and probably a pull-back
rally may ensue.
If the Pull-back rally ensues, then one can consider a Retracement of the fall from 36443 to
32483 for the Sensex and 11171 to 9951 for the Nifty. The relevant Pull-back levels are placed at

This Weeks Recommendations

Rec. Name CMP SL TGT-1 TGT-2
Sell Dr. Reddy 2081 2123 2018 1954
Sell Infosys 1132 1156 1095 1056
Sell Grasim 1051 1073 1018 983
Sell Siemens 1073 1097 1035 995
Sell SunTV 849 871 815 778
:::: INDEX LEVELS ::::
S3 S2 S1 CLOSE R1 R2 R3
NIFTY 9861 9951 10033 10113 10227 10329 10428
SENSEX 31769 32247 32595 32968 33354 33770 34077
Financial Weekly

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INVESTMENT

Sensex 33996-34463-34931 and Nifty 10418-10562-10706.

In the near term, the indices will face Resistance in the form of Trendline Resistance which falls
at Sensex 33304 and Nifty 10271.
Both the indices have completed a Bearish Cup and Handle pattern on the daily charts and
whose target falls at Sensex 30521 and 9381. On the weekly charts, both the indices have formed
a Bearish Flag pattern with similar targets.
We are in the midst of a strong Correction of the intermediate 13 months rally from low of Sensex
25717 and Nifty 7893. The Retracement levels for that are placed at Sensex 32347-31081-29815
and Nifty 9919-9533-9146. We also need to consider the last two years rally which started from a
low Sensex 22494 and Nifty 6825. The relevant Correction levels are placed at Sensex 31115-
29469-27823 and Nifty 9511-8999-8486. Strong confluence zone is formed between Sensex 31081-
31115 and Nifty 9533-9511, which can possibly act as Target for the market.
Both the indices have formed a Weekly Bearish Gap between Sensex 34874-35006 and Nifty
10702-10736. This Gap is aided by 61.8% Retracement of the current fall (Sensex - 34931 and
Nifty 10706). Thus as seen, the weekly Bearish Gap is aided by strong Resistances which will
make the confluence zone into a strong Resistance zone.
This week, both the indices closed below the long term average of 200dma (Sensex - 32892
and Nifty - 10180). Besides they continue to stay well below the short term average of 20dma
(Sensex - 33366 and Nifty - 10245 as well as medium term average of 50dma (Sensex - 34249 and
Nifty - 10518). Thus the trend in short term and medium term timeframe remains bearish, whereas
the trend in the long term timeframe is also Bearish.
MACD and Price ROC are both negative and in Sell mode. RSI (40) suggests bearish momen-
tum. ADX is at 27 suggests that the Down Trend is getting strong. Directional Indicators are in Sell
mode as +DI remains below -DI. MFI (41) suggests Negative Money Flow. OBV continues in Sell
mode. Thus Oscillators are suggesting a bearish bias for the near term.
Options data for April series indicate highest Call Open Interest is now at the strike of 10500
whereas the highest Put build-up still remains at the strike of 10000. Thus Options data suggests a
trading range with resistance at 10500 & support at 10000.
Financial Weekly

SMART 1st April to 7th April 2018 22

INVESTMENT

Jignesh R Mehta
(SEBI Registered Research Analyst)
E-mail : [email protected]
Website : www.KiranJadhav.com
Phone: 9327 11 3344 / 9328 11 33 44
Twitter: @jigneshrmehta

Below 10250,
Nifty continue to be BEARISH
Financial year 2017-2018 is ended with noise of LTCG, Indian Banking Bedlam, Trade war, Global
disorder but even with everything that happened, Nifty rose net 1000 points from about 9174 from April 1st
to about 10114 in end of this march. This indeed is one delight that market should not forget before going in
to new financial year. Nifty stilllooks in Bearish momentum and bottom is still looking far. The only level that
can change our view is 10250 on upside. If this level is taken away by NIFTY in coming time than we have
high chances to start upside journey back again. Till the time we are below 10250, some pain can't be ruled
out. One more time, we would say that this level of market is still not bad to start picking good stocks.
Because, with market going down some of the stocks are not going to go down, we should use some
technical knowledge to pick those counters for portfolios because they will be the ones, which will start
producing great returns as soon as market starts

RISING STARS
Network 18 Media & Investment Ltd (59.85)
Network 18 is one counter that has come to our radar, just because this counter has seen series
of resistance at 60 -65 kind of levels, soon after 2011 fall until now. That means, the counter has

NSE: NETWORK18,
SECTOR: Finance-General
Financial Weekly

SMART 1st April to 7th April 2018 23

INVESTMENT
historical multi year resistance at 65 kinds of level. Price proposition today suggests that it is in
uptrend since mid 2013, this up trend was slow and can be defined with not so steep support line.
This uptrend became little more evident from 2017 because the support line from 2017 lows till
now is steeper than earlier. Currently the EMA spread of traders are in bullish tone staying well
above the Investors EMA spread. Here, trader's EMA spread is nothing but he spread of short term
EMA group and Investor's EMA spread is long term EMA group. Thus, EMAs are suggesting to be
bullish for now.
We believe that coming time will be rewarding for this counter if picked up early at this level, the
first stop loss has to be placed at 50 levels and then trailing stop loss means the support line and
emerging support lines has to be followed. The way this stock is looking, it is ready to breach multi
year horizontal line and has been poised to hit the target of about double the money hence Rs.130
in coming 2/3 years. Permission of financial advisor is must before going in to such stock. Reward
to Risk ratio is very huge and in favour of the investment.
Jignesh R Mehta (SEBI Registered Research Analyst), www.kiranjadhav.com,
[email protected], Phone: 9327 11 33 44 / 9328 11 33 44, Twitter: @jigneshrmehta
Disclosers : Views expressed in this article/articles are personal opinion of Author and it
does not constitute an offer to buy or sell securities mentioned herein. Enough care has
been taken before arriving at these data, figures & charts, however, readers are advised to
do their own assessment before taking any actions in the market. The author and his com-
pany does not take any responsibility for any results that may arise out of using this infor-
mation.

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

Co. Name Code Price Co. Name Code Price
First Source 532809 53.00 Shriram Trans. 511218 1440.00
Mold-Tek 526263 48.00 Tech Mah. 532755 638.00
LT Foods 532783 85.00 Titan 500114 941.00
I. B. Real 532832 181.00 Max Fin. 500271 453.00
CDSL NSE 285.00 Endurance 540153 1263.00
Ashok Ley. 500477 145.00 Persistent Sy. 533179 690.00
Marico 531642 326.00 Divis Lab. 532488 1090.00
Apollo Tyres 500877 275.00 Balkrishna Ind. 502355 1072.00
KEC Intl. 532714 390.00 Bajaj Finserv 532928 5178.00
Muthoot Fin. 533398 407.00 Cadila HC 532321 378.00
Kalpataru Power522287 481.00 Maruti 532500 8863.00
Berger Paints 509480 256.00 Colgate 500830 1057.00
BATA 500043 727.00 Dilip Buildcon 540047 1001.00
Financial Weekly

SMART 1st April to 7th April 2018 25

INVESTMENT
- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789

Nifty Overview : Nifty Overview: In Last Trading Session, Nifty closed at 10153. Nifty
nearest support is at 10000 levels. If Nifty closes below 10000 and if consolidates below
10000 for few days then can touch 9700 levels. If Support of 10000 holds then can expect
bounce back of Nifty upto 10250 levels.
Bank Nifty Overview : In Last Trading Session, Bank Nifty closed at 24360. Bank Nifty
support is at 23700 levels. Bank Nifty will be weaker if it closes below 23700 levels.
However, one can take risk to buy ard 23800 levels with SL of 23700.

Last Recommendation Review

Scrip Name BSE Buy/ Enter Did High/ Remark
Code Sell at Low
HUL 500696 Buy 1300 1339 Target Achieved
Just Dial 535648 Buy 445 471 Target Achieved
PNB 532461 Buy 93 100 Target Achieved
STAR 532531 Buy 675 698 Target Achieved

Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Glenmark 532296 528 545 555 565 532
Infratel 534816 333 325/330 337 345 320
Just Dial 535648 443 435/442 460 480 422
KSCL 532899 487 480 487 495 475
OBC 500315 92 85/90 100 115 80
PFC 532810 85 77/82 86 90 74
PNB 532461 95 92/95 105 115 87
STAR 532531 679 670/675 690 705 659

Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Biocon 532523 598 640/650 625 600 662
Fortis 532843 123 140/145 125 115 150
Jubilant Food 533155 2337 2370/2380 2340 2310 2400
Titan 500114 934 980/990 960 940 1005
Note : All calls are momentum calls based on technical analysis and all levels as per future prices (If scrip not
available in futures then BSE Cash price). All these calls are given based on daily charts but intra-day signals are
equally important to enter the trade in a timely manner. Timing is very important and we at shareinfoline.com give you
timely calls based on intra-day charts. Read Disclaimer at ShareInfoline.com
Financial Weekly

SMART 1st April to 7th April 2018 26

INVESTMENT

Stock Buzz Subramanian Mahadevan

[email protected]

Dish TV IndiaLimited (Rs.67)

World's Second Largest DTH Player !
Dish TV India Limited (DITV) - is a Mumbai based DTH (direct-to-home) arm of Essel Group
which has interest in media programming, broadcasting & distribution, speciality packaging and
entertainment. DITV is India's first direct-to-home entertainment service that has digitalized Indian
entertainment to bring to home the best in television viewing through the latest in digital technol-
ogy. DITV takes television viewing to the next level as it supports various futuristic features like
Electronic Programme Guide, Parental Lock Capacity up to 400 channels, Games, Interactive TV,
Movie on Demand etc… also brings an exclusive National and International channels for the first
time in India. DITV enjoys a leadership position with a net subscriber base of 12.5m+, implying a
30% share in the Indian DTH market. DITV is a beneficiary of mandatory digitization as it will
benefit from increased content cost and tax parity vs cable (hitherto unorganized). Apart from the
flagship brand, DITV also has a sub-brand 'Zing' targeted at phase III/IV language markets. Man-
agement will harvest the benefits of its investments made in the last few years from here on. Stock
has corrected recently and one may accumulate immediately for 20% to 40% upside with minimum
downside in one year. Recent merger of Dish TV and Videocon d2h is a huge positive trigger and
the deal would enable scale-led revenue, cost and capex synergies. Key areas are efficient con-
tent sourcing, infra sharing, SG&A leverage, revenue synergies, advertising, carriage and VAS,
and capex synergies, STB procurement. Dish TV and Videocon D2h reported separate revenue
and Ebitda numbers which at a pro-forma level added up to Rs 6,086.2 crore and Rs 1,990.9 crore
for the last fiscal.The merger paves way for the creation of the largest listed media company in
India with subscriber base of Dish TV (16.1 million) and Videocon D2h (13.4 million) and a market
cap of approximately 7150 crore. The merged entity is now the world's second largest DTH opera-
tor with 29.5 million subscribers. Both brands will continue to be offered to new subscribers in the
market post completion of this merger.
Stock is trading at inexpensive valuations and has the potential to provide minimum 30% re-
turns with very limited downside. Good time to enter the sock for double digit returns in a year's
time frame.
- Subramanian Mahadevan
Financial Weekly

SMART 1st April to 7th April 2018 27

INVESTMENT

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

E-mail ID : [email protected]

Market is in tight range (10090_10210)

with negative bias
Market is volatile moving both side in a tight range with negative ,global market is showing
weakness next week if nifty breaks 10090 we can test 9900 soon as Nifty is forming double top at
10210. Market is short on rise at every bounce fresh
shorting oportunities are created and market is not sustaining above levels so below 10090
fresh shorts will be created for April series for 9900 _9850_9750 targets as the week was of only 3
trading session and expiry week it created a range (10090_10210) so Monday will be very impor-
tant as big movement can be expected after a long weekend and next week gann date is there so
fresh weekly moment will resume ,Nifty is moving between important levels once 10000 below
nifty gives close which is very important gann number ,fresh monthly low of Nifty can be seen
technically Nifty ,US market is correcting so Asian market overall global market seems bearish for
few months Nifty may show 9700_9500 levels ,so buy only 25% at these levels and wait for more
correction to buy more 25% so to built good portfolio at good price metals bank auto stocks have
gave good corection and more can be seen ,
Stocks to watch out
Axis sell below 510 for 500_495 sl514
Sell icici bank below 280 for 270_268 sl284
Jindal steel is sell 223_224 for 215_210 sl 227
PNB bank sell 96_97 for 90_85_82 sl101
Vedl is sell below 284 for 270 sl 289
Federal bank is sell below 90 for 82 sl 93

Financial Weekl
eekly y
Every Sunday Every Wednesday

English & Gujarati Edition Gujarati Edition

Financial Weekly

SMART 1st April to 7th April 2018 28

INVESTMENT

Technical News : 2-4-2018 to 6-4-2018

Manu Consultants : Manishkumar - Kolkata
SEBI REG:- RESEARCH ANALYST- INH300002449

NIFTY FUTURE
NIFTY FUT SUPPORT AT 10050-9722 AND RESISITANCE 10340-10500
STRATEGY :- BUY BANK NIFTY ON DIPS TILL 24100 SL 23800(CLOSING BASIS) TA 24800-
25000
STOCKS F&O:-
MNM FIN (460) :- BUY MNM FIN ON DIPS TILL 454 SL 440 TA 480-88
I BULL HOUSING (1240) :- BUY IBULL HOUSING ON DIPS TILL 1220 SL 1200 TA 1300-20
UPL (733) :- BUY UPL ON DIPS TILL 720 SL 710 TA 765-80
TATA ELXI (990) :- BUY TATA ELXI ON DIPS TILL 965 SL 950 TA 1040-65
SELL STOCKS
SELL HCC ON RISE TILL 22 SL 24 TA 20-16
SELL BALRAMPUR CHINI ON RISE TILL 80 SL 84 TA 65-60
DELIVERY STOCKS
BUY ZEE MEDIA SL 32 TA 46-54
DISCLAIMER :- The Recommendations are based on technical analysis. There is a risk of loss
in trading.Please visit website www.dallalstreet.org for full disclaimer and disclosures.

Buy or Sell, Confused ?

Let the EXPERTS Help You
Join our Service for 1 Month & We are Sure. You will
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Financial Weekly

SMART 1st April to 7th April 2018 29

INVESTMENT

Terrific Shots - Dilip K. Shah

Berger Paint (Rs.256.00) (Code:509480) :- Furniture and paint sector company is

number two decorative paint company in India. The company's 7% income comes from interna-
tional business which is a very positive side because of 17% growth in international business.
Demand for pain may increase due to government's focus on housing and cleanliness. Currently,
India's per capita pain demand is 4 kg while the global average is 15 kg. So the sector has huge
opportunities for growth. Moreover, the customers' preference for branded paint is increasing. It
has created good impression on the customers through its brands like Berger Silk, Berger Rangoli,
Berger Illusion, Berger Leather Coat, Jadu Channels, etc. The company is focusing on decorative
paint and has taken up the income from this segment to 80%. The company doesn't need capital
expenditure for next two-three years as both of its new plants have become operational. In Decem-
ber quarter, the company's sales increased by 14% at Rs1338.63 crore, and it recorded net profit of
Rs130 crore. The stock can be bought for medium to long term.
Tata Metaliks (Rs738.00) (Code:513434) :- The company was set up in 1990 and it
started production in 1994. It is one of the leading pig iron producers in the country and has produc-
tion capacity of 345000 tones per annum. In December quarter, the company's income increased
from Rs933.79 crore to Rs1327.26 crore, while profit increased from Rs76.26 crore to Rs104.53
crore. As against equity of Rs25.29 crore, the company has reserves of Rs181 crore. The stock can
be taken into consideration for investment in phased manner with every correction from the current
market price. Considering the future of metal sector, it could be a good option as it may touch
Rs1000 level within a year.
Kalpataru Power (Rs.481.00) (Code:522287) :- One of the leading power
transimission company is also active in turnkey projects, construction and other segments. In De-
cember quarter, the company's income increased from Rs1116.12 crore to Rs1417.37 crore, while
profit increased from Rs57.14 crore to Rs75.23 crore. The promoters hold 59.32% and public hold
40.68% stake with considerable stakehold by FII and DII. The stock was in consolidation zone for
a long time and now it is riding bullish wave. Taking into consideration the fundamentals the stock
seems very attractive. It can be invested with long term view. It may give good return in one year.
NBCC (India) (Rs.190.00) (Code:534309) :- Construction and engineering company
has acquired 51% stake in Hindustan Steelworks Cosntruction Ltd with investment tune to Rs35.70
crore and has made it a subsidiary. As both the companies belong to same sector, it will boost the
growth. NBCC has bagged order for development of 10 railway station roads on management
consultancy basis for which it will be paid 8% of the project cost. The orderbook of the company
has touched Rs800 billion. In the third quarter, on the net sales of 1499.78 crore on consolidated
basis and other income of Rs34.96 crore, it registered net profit of Rs73.47 crore. The zero debt
company's reserves is Rs1493 crore. Kotak Securities has given 'Buy' rating with target of Rs229.

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

SMART 1st April to 7th April 2018 30

INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com

Important resisting level for Index

at 33371 and Nifty Future at 10266
BSE Index (32968.68) :- It is moving downward from top of 36443.98. It shows neutral position on daily
basis, oversold on weekly basis and oversold to neutral on monthly basis. On upward movement, beyond
33371 it may go up to 33475, 33725, 33970 with resisting level at 34077. On the downward movement,
below 32732 it may go down to 32483 it may go down to 32320 with support at 32075.
Nifty Future (10120.25) :- It is moving downward from top of 11185.60. It shows neutral position on
daily basis, oversold on weekly basis and overbought to neutral on monthly basis. On upward movement,
beyond 10113 it may go up to 10190, 10210, 10237 and 10266.On the downward movement, below 10105
it may go down to 10036, 9960, 9940 with support at 9930.
Bank Nifty Future (24279.90) :- It is moving downward from 27661. It shows neutral position on daily
basis, oversold on weekly basis and overbought to neutral on monthly basis. On upward movement, be-
yond 24518 it may go up to 24528 and leave bearish outlook beyond this level. On the downward move-
ment, below 24000 it may go down to 23770 it may get support at 23631.
Bajaj Finance (1767.55) :- It is witnessing rebounding spurt from bottom of 1511.20. It shows over-
bought position on daily and weekly basis, while oversold position on monthly basis. On upward move-
ment, beyond 1778 it may go up to 1798, 1808 and 1838. On the downward movement, below 1748 it may
get support at 1730.
Indiabulls Housing (1237.25) :- It is witnessing rebounding spurt from bottom of 1177.40. It shows
neutral position on daily basis, oversold on weekly basis and overbought to towards neutral on monthly
basis. On upward movement, beyond 1255 it may go up to 1270, 1285 with resisting level at 1300. On the
downward movement, below 1224 it may get support at 1208.
Indian Bank (299.80) :- It shows rebounding spurt from bottom of 269. It shows neutral position on daily
basis, oversold on weekly basis and overbought to neutral on monthly basis. On upward movement, be-
yond 305 it may go up to 311, 317 with resisting level at 322. On the downward movement, below 293 it
may go down to 292, 286 with support at 280.
LIC Housing Fin. (534.40) :- It is improving from bottom of 476.60. It shows overbought position on daily and
weekly basis, while oversold on monthly basis. On upward movement, beyond 554 it may go up to 573, 581 with
resisting level at 588. On the downward movement, support could be at 526.
SBI (249.90) :- It shows rebounding spurt from bottom of 232.35. It shows towards overbought position
on daily basis, oversold on weekly basis and towards oversold on monthly basis. On upward movement,
beyond 257 it may go up to 264 with resisting level at 270. On the downward movement, below 248 it may
get support at 244 and 238.
disclosure : The Recommendations are based on technical analysis. There is a risk of loss in trad-
ing.

-: Golden quote :-
Dirty hands are a sign of clean money
Financial Weekly

SMART 1st April to 7th April 2018 31

INVESTMENT

Dilip Davda Best Buy

e-mail Expert’s Eye Vindhya Tele.,
[email protected] Saint Gobain,
Birla Cable

FY19 witnessed shaky beginning

The final week of FY18 had a three day sessions only as Thursday and Friday were holidays on
account of Mahavir Jayanti and Good Friday. In fact, first session of the week was the last trading
session for FY18 and it marked end on expected lines with closing above 10K and 33K for NSE
Nifty and BSE Sensex respectively. But new fiscal started on a shaky not for the last two sessions
of March 2018. On practical note, 26th March was the final day for NAV lifting exercise and marked
hefty gains for the day. Cooling down of sentimental impact of trade war between US and China
helped recovery in the market.
During the week, indices moved in the range of 10207.90-9958.55 and 33371.04-32515.17 for
NSE Nifty and S&P BSE Sensex respectively.
Secondary Market :- Markets opened on a negative note on Monday but gained as the day
progressed on account of short coverings and NAV building exercise due to final trading session
of FY18. NSE Nifty scored 132.60 points to close at 10130.65 and BSE Sensex gained 469.87
points to end the day at 33066.41 and thus both benchmarks closed above 10K and 33K respec-
tively on expected lines of the market men. Auto and Banking counters lead the rally. Fund house
large scale buying in fancy scrip to boost NAV helped market to stage smart recovery for the first
session. It ignored Crude surging above 70$ a barrel for a while. Surprisingly market breadth was
negative. Mid and Small cap marked mixed trends. FIIs remained net sellers for the day while DIIs
were the net buyers. Advitiya, Riddings and Active Clothing got listed on BSE SME.
On Tuesday markets opened on a higher note but managed to close in green on with range
bound movement. In fact this was the first session for FY19. NSE Nifty gained 53.50 points to end
the day at 10184.15 and BSE Sensex scored 107.98 points to close at 33174.39. Fund buying
continued for the second session in a row. FIIs and DIIs were the net buyers for the day. Metal,
Power, Oil and Gas, Pharma, Banking counters lead the rally and got support from fancy Mid and
Small cap counters. However, at the end of the day, indices settled at a lower level from the high of
the day. Bandhan Bank got listed on BSE/NSE and closed with a premium of over 25% on the offer
price on debut day and surprised one and all.
On Wednesday markets opened on a lower note and continued to drift as the day progressed.
The final session of March 2018 month ended in red with NSE Sensex closing at 10113.70 with a
loss of 70.45 points while BSE Sensex ended the day at 32968.68 with a deficit of 205.71 points.
Thus while Nifty managed to close above 10K, Sensex failed to close above 33K. Operators turned
cautious ahead of implementation of LTCG and preferred to stay liquid. Banking, Metal and Min-
ing, Telecom sectors lead the doom. FIIs were the net sellers while DIIs were the net buyers for the
day. HAL got listed on BSE and NSE and closed at a discount of around 7% on the offer price
(fixed at a lower price band of Rs. 1215 per share)
During the week dividend and thus played a spoil sport. Uravi T got listed on
announcement came in from NSE SME Emerge.
All markets were closed on Thursday on account
Maan Aluminium (10%), of Mahavir Jayanti.
NMDC (430%) etc. Markets were closed on Friday following Good

P.T.O.
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INVESTMENT
Friday Holiday.
For the week, NSE Nifty and BSE Sensex posted net weekly GAIN of 115.65 points and 372.14
points respectively.
During the week dividend announcement came in from Maan Aluminium (10%), NMDC (430%)
etc.
Rupee moved around Rs. 65.15 a dollar and Crude moved around 69 $ a barrel and raised
concern. All eyes are now on RBI monetary policy meet. Global cues will continue to impact the
general sentiment as usual. Dispatch data for automobile and cement sectors is also on radar of
market men. Ensuing week may witness listless trades being first week of new fiscal.
Amidst such a scenario NSE Nifty and BSE Sensex may hover between 10500-9700 and 33700-
32100 respectively for the ensuing week.
Powerhouse Gym and Raghav Productivity has convened board meet on 29.03.18 and 30.03.18
respectively for bonus issue.
Scrip Watch :- Investors may keep following scrip on radar for their investment plans:
Vindhya Tele (BSE Code: 517015) :- This MP Birla group telecom cable
manufacturing and EPC project engineering company has posted net profit of Rs. 56.69 crore on a
turnover of Rs. 926.21 crore for 3Qs of FY18 against net profit of Rs. 41.34 crore on a turnover of
Rs. 686.44 crore for the corresponding previous period. For FY 17 it earned net profit of Rs. 67.24
crore on a turnover of Rs. 1079.36 crore. As on 31.12.17 it's paid up capital of Rs. 11.84 crore is
supported by free reserves of Rs. 480 cr. plus. Scrip may be considered at declined levels for
medium to long term investment. It currently quotes around Rs. 1050.35 against 52 week High/Low
of Rs. 1472/636, FV Rs. 10.
Saint Gobain (BSE Code: 515043) :- This automotive glass segment
company has reported net profit of Rs. 10.01 crore on a turnover of Rs. 113.09 crore for 3Qs of
FY18 against net profit of Rs 5.71 crore on a turnover of Rs. 111.50 crore for the corresponding
previous period. For FY17 it posted net profit of Rs.6.77 crore on a turnover of Rs. 141.27 crore. It
is a turnaround case. As on 31.12.17 it's paid up equity capital of Rs. 91.11 crore is supported by
free reserves of Rs. 6 crore. Scrip may be considered at declined levels for medium to long term
investment. It currently quotes around Rs. 53.85 against 52 week High/Low of Rs. 77/43, FV Rs.10.
Birla Cable (BSE Code: 500060) :- This MP Birla group electrical equipment
manufacturing company has posted net profit of Rs. 7.22 crore on a turnover of Rs. 215.44 crore for
3Qs of FY18 against net profit of Rs. 1.24 crore on a turnover of Rs. 149.46 crore for the corre-
sponding previous period. For FY17 it posted net profit of Rs. 3.18 crore on a turnover of Rs. 232.52
crore. As on 31.12.17 it's paid up equity capital of Rs. 30.00 crore is supported by free reserves of
Rs. 70 crore plus. Scrip may be considered for medium to long term investment. It currently quotes
around Rs. 60.95 against 52 week High/Low of Rs.72/38, FV Rs. 10.
DISCLAIMER : No financial information whatsoever published anywhere here should be construed as an offer to
buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational
and information purposes only and under no circumstances should be used for making investment decisions. Readers
must consult a qualified financial advisor prior to making any actual investment decisions, based on information
published here. Any reader taking decisions based on any information published here does so entirely at own risk.
Above information is based on the details available as on the date along with market perceptions. Author has not
traded in above three stocks mentioned in Scrip Watch during last one month and has no holdings or plans to invest in
any scrip referred above.
(THE AUTHOUR IS SEBI REGISTERED RESEARCH ANALYST)
(Email: [email protected] )
Financial Weekly

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INVESTMENT

Scrip Watch - Dilip K. Shah

Apex Frozen Foods (Rs. 610.00) (Code : 540692) (F. V. : 10.00) : Apex
Frozen Fodds, as the name suggests, is a frozen food company. It offers whiteleg shrimp
and black tiger shrimp under the brands owned by its customers. Besides, it sells them
through brands namely Bay fresh, Bay Harvest and BayPremium. The location of its facili-
ties is a big positive. The Kakinada processing facility in Andhra Pradesh is at a 10-200 km
distance from its shrimp sourcing ponds. The plant is situated at just 20 km from Kakinada
port and 150 km from Vizag port. This helps the exporter of processed shrimp procure raw
material at a reasonable cost and save on logistics, said brokerage firm Reliance Securities.
Further improvement in margins is likely as the company looks to ramp up shrimp procure-
ment from owned-farms to 25 per cent, from the current 18-20 per cent. Average procure-
ment cost for the company is Rs 350-380 per kg, which becomes cheaper by Rs 60-80 in the
case of owned farms. The company is also adding a new hatchery that will increase the
overall capacity to 1.4 billion seeds from 1 billion. Invest.
Rane Holdings (Rs. 2449.00) (Code : 505800) (F. V. : 10.00) :- Rane Holding
Limited (RHL) has best diversified portfolio in the Indian automobile companies, as the com-
pany offers the entire spectrum of steering products – mechanical steering, hydraulic power
steering (HPS), and electric power steering (EPS) – through its subsidiaries and JVs.The
company generates 59% of its revenue from steering system products. Unlike other steering
companies, RHL has no concentrated portfolio to any particular segment and product. RHL
has diversified its product portfolio into other critical and safety component segments, like
Engine Valves, Friction Material and Occupant Safety Systems.Given the healthy top-line
growth and margin improvement, RHL’s earnings are likely to grow at a CAGR of 22% over
FY18-20E. The stock has been continuous outperformer for last one year. Buy in phased
manner.
CDSL (Rs. 285.00) (NSE) (F. V. : 10.00) :- Central Depository Services Ltd
(CDSL) is one of two depositories in India and the only one to be listed. Given the high risk of
data pilferage, we believe there is limited scope for any other depository to be set up. CDSL
is a gem of a business that any investor constructive on India in the long term must own. It
has a robust business model. Its one-third revenues being annuity (issuer charges). It has
Low capex requirement (3% of revenue). It has excellent cash generation (OCF 63% of
EBITDA) and Huge option value from new areas like digitisation of academic records and
insurance policies, e-warehouse receipts and GST Suvidha centres. The stock of CDSL
skyrocketed as much as 80% before closing up 75% to Rs 260 as against an issue price of
Rs 149. Shares of Central Depository Services (India) Ltd have a nine-month return of 91%
from the IPO price. The stock of CDSL has risen 91.27% to Rs 285 from the issue price of
Rs 149 in the span of last nine months.Buy at decline.

Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending • Stop loss is useful for Short
/ Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or
may not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
Financial Weekly

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INVESTMENT

Market Tips - Dilip K. Shah

HUL (Rs. 1335.00) (Code : 500696) (F. V. : 1.00) : Hindustan Unilever (HUL), the
country’s largest consumer goods company, on Wednesday reported a 30% increase in profits
before exceptional items of Rs 1,198 crore, a tad better than analysts’ estimates by Bloomberg of
Rs 1,173 crore, during the October-December quarter. This was achieved on the back of volume
growth of 11% across segments. Profit after tax, if one includes the exceptional items, stood at Rs
1,326 crore, up 28% compared to the year-ago period. Revenues during the period rose 17% for
the domestic consumer businesses, though the reported total revenue growth was just 2%. Man-
agement was quite positive on the campaigns around naturals range led by Lever Ayush
campaign.While in last quarter, volume pick up was similar in both urban and rural areas, in this
quarter, growth in rural areas was faster.Overall, HUL with its high rural exposure (40 percent of
sales) and well entrenched distribution network, is among the key beneficiaries of further uptick in
consumption and related policy announcements, in our view.Buy in phased manner.
Colgate - Palmolive (Rs. 1057.00) (Code : 500830) (F. V. : 1.00) :- The stock
of FMCG major Colgate-Palmolive India was up last week. Colgate has reported a rise of 33.50%
in its net profit at Rs170.65 crore for the third quarter ended December 2017 led by volume
growth.The company had posted a net profit of Rs127.82 crore in October-December period of the
last year. Its total income was up 4.01% to Rs1,042.36 crore during the quarter under review as
against Rs1,002.12 crore in the corresponding quarter of the last fiscal.Excluding the accounting
impact of GST implementation, net sales increasaed by 19 per cent over the previous year. Vol-
ume increased by 12 per cent. Colgate-Palmolive’s total expense stood at Rs790.47 crore as against
Rs811.33 crore, down 2.57% from the previous fiscal. The stock has been steady even in the
falling market which makes it a strong play. Buy.
Shree Cement (Rs. 16181.00) (Code : 500387) (F. V. : 10.00) :- SRCM is
increasing its domestic capacity by 32% over FY17-19, supported by capacity addition in the east,
north and south markets at an estimated capital cost of USD60/t (significantly lower than market
ascribed EV/tonne of USD 170-200/t). Additionally, the company has acquired an integrated asset
in the UAE at USD76/t, helping it maintain lower cost of capacity addition – in line with the company’s
long-term strategy.SRCM is likely to deliver EBITDA CAGR of 29% over FY18-20, led by healthy
volume growth (driven by rapid capacity addition) and pricing improvement (driven by higher real-
izations in the underlying markets in the north). SRCM – with its superior return ratios and strong
earnings growth – deserves to trade at premium valuations. Buy in phased manner.

Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending • Stop loss is useful for Short
/ Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or
may not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
Financial Weekly

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INVESTMENT

SMART TIPS Smita N. Zaveri

Mold-Tek Packaging (Rs. 320.00) (Code: 533080) :- The company is a leading

player in rigid plastic packaging industry. It makes injection molded containers for lubes, paints,
food, and other products. The company owns seven processing plants in India, 70 injection mold-
ing machines, and three stock paints. Its injection molding capacity is nearly 18,000 Tonnes Per
Annum. Some of its clients include ITC, Britannia, Unilever, Cadbury, Shell, Amul, Berger Paints,
IOC, Asian Paints, among others. In 2016, the company set up plant of a subsidiary in UAE, and
also plans to have new plants in Mysore and Vizag by Aug-Dec 2018. The shares are listed in B
group and have face value of Rs. 5. The shares touched a high of Rs. 374 and low of Rs. 224 in the
last 52 weeks. For FY 2016-17, it reported income of Rs. 345 crores, and profit of Rs. 27 crores. For
December 2017 quarter, income was Rs.83 crores and profit was Rs. 7.75 crores. This debt-free
company's shares can give 25 to 30% returns in the next 2-3 quarters.
First Source Solutions (Rs. 53.00) (Code: 532809) :- This BPO/KPO company's
shares are listed in the A group. In the last 52 weeks, the shares touched a high of Rs. 55 and low of
Rs. 30. Promoter holding in the company is 54.57%. This Mumbai-based company has 24,000 em-
ployees, with presence in India, Philippines, UK and USA. It mainly operates in banking and finan-
cial services, institutional healthcare, telecom, media and publishing spaces. According to NASSCOM,
First Source ranks seventh among the country's top ten BPO companies. For December 2017 quar-
ter, it reported consolidated income of Rs. 863.14 crores, and profit of Rs. 99.56 crores. The stock is
trading near the 52-week high price. It can be seen around Rs. 75 in the next two or three quarters.
LT Foods (Rs. 85.00) (Code: 532783) :- Shares of this packaged foods company are
listed in B Group and have face-value of Re. 1. The shares touched a 52-week high of Rs. 109 and
low of Rs. 56. It is engaged in milling, processing and marketing of branded as well as unbranded
basmati rice. It supplies rice food products in the domestic market as well as to 65 other countries.
Some of its prominent basmati rice brands include Daawat, Indus Valley, Rozana and 817 El-
ephant. Daawat brand commands a market share of 22%. It has a retail network comprising 1,40,000
traditional stores and 3,000 wholesalers. It has a diversified portfolio. It has also formed a joint
venture with Japanese snack food player Kamenda to launch snacks in the Indian market under
the Kari Kari brand. For December 2017 quarter, LT Foods reported consolidated profit of Rs.
38.55 crores, which was over 16% higher than Rs. 33.15 crores last year. Sales were up nearly
20% from Rs. 798 crores to Rs. 958 crores. The stock can be seen outperforming going ahead.
PNC Infra (Rs. 175.00) (Code: 539150) :- The shares of this roads and highway
sector company are listed in the B Group and have faced value of Rs. 2. The shares touched a high
of Rs. 228 and low of Rs. 114 in the last 52 weeks. The company had come out with its IPO in May
2015 and had issued shares at Rs. 375. It has given very good returns to investors. Promoter
holding in the company is 56.07%. PNC Infra has completed more than 42 EPC contracts in
Rajasthan, Punjab, Haryana, UP, and other states. The company's performance was temporarily
affected due to demonetisation and GST, but these are things of the past now. The company has a
large order book and its performance is expected to improve going ahead. It will also benefit from
the government's focus on road building. Institutional investment in the company is on the rise. For
December 2017 quarter, it reported income of Rs. 472 crores, and profit of Rs. 93 crores. The stock
is trading at just 24 times the estimated earnings for the year, and is attractively valued. Dolat
Capital has given a 'Buy' rating on the stock with a target price of Rs. 199.
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 28th March 2018 unless
specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though, every care has been taken,
we will not responsible for any errors / omissions • All disputes are subject to Ahmedabad jurisdiction
Financial Weekly

SMART 1st April to 7th April 2018 36

INVESTMENT

Smart super duper - Dilip K. Shah

Talbros Automotive (Rs.278.00) (Code:505160) :- It is a flagship company of

Talbros Group, which was set up in 1956. It manufactures automotive and industrials gas kits. Its
product portfolio includes gas kits, heat shield, forging suspension system and sense vibration. It
has joint ventures with foreign firms. It has recently bagged Rs35 crore order from foreign division
of DANA Spicer India. In December quarter, the company has registered income of Rs101.99
crore with consolidated growth of 29.9% and profit of Rs5.67 crore with growth of 43.9%. The stock
is available at attractive valuation. As against peers' PE of 31 the stock is available at PE of just 15.

Bajaj Corp (Rs.472.00) (Code:533229) :- The company controlled by Kushagra Bajaj

mainly produces hair oil and other products in the segment. It owns brands like Bajaj Almond
Drops, Bajaj Kailash Parbat, Bajaj Brahmi Amla, Bjaj Amla Shikakai, Bajaj Jasmine Hairoil, etc. It
also manufactures toothpaste under brand name Bajaj Red. It had taken over skin brand Nomarks
in 2013. The promoters hold 66.86% and public hold 33.14% stake with huge holding of FII and
DII. In December quarter, the company's income increased from Rs186.4 crore to Rs197.32 crore,
while profit decreased from Rs57.80 crore to Rs55.16 crore. It paid 1200% dividend in 2017. The
stock is under consolidation and break out can be seen soon.

I.B.Real Estate (Rs181.00) :- The real estate sector has witnessed strong correction. IB
Real Estate is considered to be the second largest company after Indiabulls in Group A. As against
equity of Rs87.18 crore, the company has reserves of Rs3955.81 crore. It has worked on many
prestigious projects. In the first nine months, the company recorded profit of Rs331.87 crore on
income of Rs3898.53 crore. The company's profit and income has been on rise since 2009. The
stock seems attractive for investment. It can be bought at lower level in phased manner.

IRB Infra (Rs.223.00) (Code:532947) :- The company is engaged in road develop-

ment and management along with its subsidiaries. It is operating Ahmedabad-Vadodara Express
Way and Mumbai-Pune Express Way. As against equity of Rs351.45 crore, the company has re-
serves of Rs4920.15 crore. Its order book is very strong. In the December quarter, the company's
income decreased from Rs1410.98 crore to Rs1296.19 crore, while profit increased from Rs184.22
crore to Rs207.30 crore. It pays strong dividend to its share holders. The government is expected
to boost investment in road and highway sector so the future seems good for the stock. It may cross
Rs300 level in 9-12 months.

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

SMART 1st April to 7th April 2018 37

INVESTMENT
A.J. Diwan (Mumbai)
Diwan-E-Khas E-mail : [email protected]

Bank frauds to drag markets

In India every morning we have new bank fraud? where is our market is heading is question asked in the
Dalal Street. On the last week and on closing derivative day nifty and Sensex lost about 22.5%
It seems that even on last day of settlement outstanding short positions were not square off but contin-
ued, market breath also remained negative.
In sector wise Banks, Cement and steel looking weak.
Crude price also remaining around $36 is alarming.
In Coming RBI policy and suggestion which is negative for the market, we may see sharp decline. We
like to apply caution.
In US Interest rates are going to go up. China and us corporate war is dangerous for world economy.
Our political situations are going bad to worst.
ICICI Bank linked with video con may bring worst day for ICICI Bank. Any arrest of executive share
price may nosedive. So with s/l short ICICI. Any scam in ICICI bank may drag private banks. Yes bank
and HDFC banks are waiting for some scam announcements.
Reliance below rs.890 is weak and may show price of rs.875.
Index has closed below 33000.last support is at 32750 level.
Nifty has support at 10060 and 10000.nifty should close and maintain above 10200 for market to stabi-
lized.

BULLISH INDIA
YOUR SEARCH FOR TOP STOCK
MARKET RESEARCH
HOUSE ENDS HERE
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TIPS PROVIDER
YOUR ONE CLICK CAN CHANGE YOUR LIFE
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9988137985
Financial Weekly

SMART 1st April to 7th April 2018 38

INVESTMENT

Investment Ideas telegram.me/rupeegains7

Very big volatility may seen in month of April

NIFTY :- For next week NIFTY has strong support around 10050 levels. Break will take it to 9980-
9950 levels. On the upper side NIFTY will face strong hurdle at 10225 levels, cross over with volume and
close above will create short covering at take NIFTY up to 10350 levels…
BANK NIFTY :- For next week BANK NIFTY has strong support around 24095 levels. Break will
take it to 23785 levels. On the upper side BANK NIFTY will face strong hurdle at 24500 levels, cross over
with volume and close above will create short covering at take BANK NIFTY up to 24785 levels… As per
astro techno view 2nd April, 6th April and 9th April are very important turning dates for market.
INVESTMENT IDEAS…
PREMIER POLYFILM LTD (514354 & NSE) (45) (Face Value Rs.5)
For Q3FY18, its net profit soared 300% to Rs.1.44crore. For 9MFY18, its net profit zoomed 41% to
Rs.3.73crore. Stock almost corrected 31% from 52 week high. Everyone, whose financial advisor is allow-
ing to trade in this stock for medium term can watch with a stop loss of Rs.38.
PIX TRANSMISSIONS LTD (500333) (122) (Face Value Rs.10)
Incorporated in 1981, PIX Transmissions Ltd is the leading manufacturer of Belts and related mechani-
cal Power Transmission products in India. For 9MFY18, its net profit stood to Rs.10.65crore against
Rs.10.74crore on higher sales of Rs.171.06crore fetching an EPS of Rs.7.82. Currently, the stock trades
at a P/E of 10.7x. Its 52 week high rate is Rs.199 which was formed on 25th January 2018. Stock almost
corrected 40% from 52 week high. Everyone, whose financial advisor is allowing to trade in this stock for
medium to long term can watch with a stop loss of Rs.105.
MANGALORE CHEMICALS & FERTI
(530011 & NSE) (61) (Face Value Rs.10)
Incorporated in 1966 by UB group and now part of Zuari group, Bengalure based Mangalore Chemicals
and Fertilizers Limited manufactures, purchases, and sells nitrogenous and phosphatic fertilizers, and re-
lated products in India and internationally.
For Q3FY18, its net profit soared 196.38% to Rs.22.94crore on 21.37% higher sales of Rs.668.10crore.
For 9MFY18, its net profit zoomed 173.45% to Rs.40.28crore against Rs.14.73crore on higher sales of
Rs.2067.19crore. Stock almost corrected 32% from 52 week high. Everyone, whose financial advisor is
allowing to trade in this stock for medium to long term can watch with a stop loss of Rs.55.
KAMADGIRI FASHION LTD
(514322) (114.4) (Face Value Rs.10)
Incorporated in 1987, Mumbai based KFL is engaged in production of textile fabrics and garments. KFL
has 3 plants in Umergaon and Tarapur. Kishor Biyani family hold almost 37.72% stake and other big inves-
tors hold 17.99% stake in this company. For 9MFY18, its net profit zoomed 222% to Rs.4.28crore. Its 52
week high rate is Rs.188 which was formed on 28th December 2017. Stock almost corrected 39% from 52
week high. Everyone, whose financial advisor is allowing to trade in this stock for medium to long term can
watch with a stop loss of Rs.100.
ALPA LABORATORIES LTD
(532878 & NSE) (38.9) (Face Value Rs.10)
ALPA manufactures a range of products such as ethical drugs, generic drugs, over the counter
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INVESTMENT
drugs (OTC) and veterinary products in various dosage forms and market them. ALPA also manu-
facture formulations for a number of other pharmaceutical companies of national and international
repute such as Cipla, Zydus Cadila, Lupin, Glenmark, Genom Biotech, Jenburkt, etc. (under their
own brands) located both in India and abroad in countries such as Philippines, Iran, Iraq, Sierra
Leon, Madagascar, Kenya, Liberia, Puerto Rico, Haiti, Sudan, Ghana, Nigeria, Srilanka etc. Fur-
ther, it also undertake contract manufacturing of a large variety of pharmaceuticals. It manufactures
various dosage forms which include injectables (vials / ampoules both liquid and dry), tablets,
capsules, eye / ear drops, ointment and creams and dry syrups. ALPA has an established product-
marketing network covering both metro and mini metro cities, which enable it to reach its existing
and potential customers through it's network of distributors and dealers spread across the country.
The Company has equity of Rs.21.04crore while company has huge reserve of around
Rs.73.30crore. Its share book value stood at Rs.44.84 as at 31 March 2017. The stock is available
at a P/BV of just 0.86x. Promoters hold 54.61% while investing public hold 45.39% stake in the
company. It had reported superb numbers for Q3FY18 as well as 9MFY18. During Q3FY18, net
profit soared 53% to Rs.3.87crore from Rs.2.53crore in Q3FY17 on sales of Rs.16.64crore fetching
an EPS of Rs.1.84. During 9MFY18, net profit soared 47% to Rs.7.72crore from Rs.5.25crore in
9MFY17 on sales of Rs.43.42crore fetching an EPS of Rs.3.67. In 9MFY18, Company has already
reported 24% higher PAT against FY17. Currently, the stock trades at a P/E of just 9.5x. Everyone,
whose financial advisor is allowing to trade in this stock for medium to long term can watch with a
stop loss of Rs.32.
LAMBODHARA TEXTILES LTD
(590075 & NSE) (67.2) (Face Value Rs.5)
Coimbatore based Lambodhara Textiles Ltd was founded in 1994 with a capacity of 3,024
spindles. Over the years the company has grown in size and currently has a capacity of 37,856
spindles, with 33,224 spindles producing fancy yarns. The mill is fully modernized with state of art
technology and infrastructure. Company produce yarns in a count range from 10s to 60s. Company
specializes in manufacturing slub yarns, multi count and multi twist yarns, siro yarns and neppy
yarns. It produce yarns using Polyester, Polyester variants, Viscose, Modal, Excel and Flax as raw
materials.
It has an equity capital of just Rs.4.54crore supported by reserves of around Rs.27.22crore. The
promoters hold 68.47% of the equity capital, which leaves 31.53% stake with the investing public.
During Q3FY18, LTL posted 96.59% higher PAT of Rs.3.46crore on 38.8% higher sales of
Rs.41.85crore fetching an EPS of Rs.3.82. During 9MFY18, its net profit soared 6.32% to
Rs.5.55crore from Rs.5.22crore in 9MFY17 on sales of Rs.115.95crore fetching an EPS of Rs.6.12.
LTL is a regular dividend paying company and paid 20% dividend for FY16.
Currently, the stock trades at a P/E of just 8.3x.
Company has allotted 5,00,000 number of Equity Shares to Strike Right Integrated Services
Limited at a face value of Rs.5/- each and premium of Rs.75.
Share price of this stock touched Rs.559.95 on 14th August 2015. Since last long time stock is
trading in consolidation range between Rs.60-85.
Everyone, whose financial advisor is allowing to trade in this stock for medium to long term can
watch with a stop loss of Rs.57.
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

SMART 1st April to 7th April 2018 40

INVESTMENT
NIKHIL BHATT
MARKET TREND (+919979380808)
WWW.INVESTMENTPOINT.IN

PERIOD : 2-4-2018 to 6-4-2018

NIFTY FO RANGE @ 10088 TO 10230 POINT IN SHORT TERM…!!!

Dear Traders…. For the Trading Period on 02.04.2018 TO 06.04.2018
NIFTY FO CLOSED @ 10153 AS ON 28.03.2018
NIFTY FO has resistance at 10188 - 10202 Point; above which other resistance levels are at
10217 - 10230 Point with highly Volatile Trend, In Downside support levels are at 10133 - 10117
Point; below 10117 Point, other support levels are at 10101 - 10088 Point.
I am positive for next bullish trend only above @ 10230 Point but be with the trend. Let the
market decide further moves. As we are saying from many days Buying is suggested in falls only...and
it's still a better strategy in the given Scenario...!!!
Regarding Long term positions, it is preferable to remain cautious now...!! If NIFTY FO crosses
@ 10230 Point, again then the upper side target is quite high and it may touch @ 10273 Point in
short term...!!!
BANK NIFTY FO CLOSED @ 24360 AS ON 28.03.2018
BANK NIFTY FO Range @ 23900 TO 24505 Point In Short Term…!!!
BANK NIFTY FO has resistance at 24404 - 24460 Point; above which other resistance levels
are at 24494 - 24505 Point with highly Volatile Trend, In Downside support levels are at 24303 -
24144 Point; below 24144 Point, other support levels are at 24074 - 23900 Point.
I am positive for next bullish trend only above @ 24505 Point but be with the trend. Let the
market decide further moves. As we are saying from many days Buying is suggested in falls only...and
it's still a better strategy in the given Scenario...!!!
Regarding Long term positions, it is preferable to remain cautious now...!! If BANK NIFTY FO
crosses @ 24505 Point, again then the upper side target is quite high and it may touch @ 24530
Point in short term...!!
Golden Stocks For Trading For the date - 02.04.2018 to 06.04.2018
1. HDFC BANK (1834) : It is suggested to Buy @ Rs 1818 with SL of Rs 1808 for the target
of Rs 1847 - 1861; below Rs 1808 it can fall up to RS 1800 - 1793 levels. If it crosses Rs 1861 level
than expect nonstop rally up to Rs 1877....!!
2. RELIANCE IND (887) : Trading point of view Buy @ Rs 873 With SL of Rs 867 for the
target of Rs 899 - 909 level below Rs 867 It can show further downfall up to Rs 860 …..!!!
3. YES BANK (307) : Buy @ Rs 293 levels considering minor support of Rs 287 and stop
loss of Rs 283 for an upper target of Rs 321 - 333 levels. Below Rs 283 it can slip up to RS 280 -
273 levels…!!!
4. RELIANCE INFRA (425) : Buy @ Rs 414 levels considering minor support of Rs 409
and stop loss of Rs 404 for an upper target of Rs 437 - 444 levels. Below Rs 404 it can slip up to RS
399 - 390 levels…!!!
5.TATA MOTORS (329) : Buy @ Rs 313 levels considering minor support of Rs 308 and
stop loss of Rs 303 for an upper target of Rs 344 - 353 levels. Below Rs 303 it can slip up to RS 297
- 290 levels…!!!
Financial Weekly

SMART 1st April to 7th April 2018 41

INVESTMENT

6. ANDHRA BANK (55) : Delivery base Buy of this stock near @ Rs 50 with SL of Rs 47 for
the target of Rs 61 - 67 level. It is very good for medium term position also…!!!
7. ARSS INFRA (42) : This stock is looking very good to Buy @ Rs 37 with SL of Rs 33 for
the target of Rs 47 - 51 Levels below Rs 33 is stock shall witness free fall…!!!
8. GODREJ IND. (551) : It is suggested to Sell with SL Rs 563 for the target of Rs 537 - 530
below @ Rs 530 it can slip up to Rs 530 - 523 level. Above Rs 563 level will take the stock to Rs
570 - 577…!!!
9. HCL TECH (971) : It is suggested to Sell @ Rs 983 with SL of Rs 990 for the target of Rs
957 - 950 ; below Rs 950 it can fall up to RS 944 - 940 levels. If it crosses Rs 990 level than expect
nonstop rally up to Rs 999....!!
10. GAIL INDIA (330) : It is suggested to Sell with SL Rs 340 for the target of Rs 323 - 317
below @ Rs 317 it can slip up to Rs 309 - 303 level. Above Rs 340 level will take the stock to Rs
344 - 350..!!!
11. DABUR INDIA (327) : It is suggested to Sell @ Rs 340 with SL of Rs 347 for the target
of Rs 313 - 307 below Rs 307 it can fall up to RS 303 - 297 levels. If it crosses Rs 347 level than
expect nonstop rally up to Rs 353....!!

Nifty & Sensex Movement during the last week

NSE - Nifty Open High Low Close Diff
26-Mar-18 9989.15 10143.5 9958.55 10130.65 132.6
27-Mar-18 10188 10207.9 10139.65 10184.15 53.5
28-Mar-18 10143.6 10158.35 10096.9 10113.7 -70.45
29-Mar-18 Mahavir Jayanti Holiday NA
30-Mar-18 Good Friday Holiday NA
Net Weekly Gains 115.65
S&P Sensex Open High Low Close Diff
26/03/18 32,536.44 33,115.41 32,515.17 33,066.41 469.87
27/03/18 33,172.98 33,371.04 33,077.13 33,174.39 107.98
28/03/18 33,098.09 33,104.11 32,917.66 32,968.68 -205.71
29/03/18 Mahavir Jayanti Holiday NA
30/03/18 Good Friday Holiday NA
Net Weekly Gains 372.14
Financial Weekly

SMART 1st April to 7th April 2018 42

INVESTMENT

Soham Finstock

2 to 5 days/10 to 15 days
positional trading favourable
Told loud and clear in smart investment and smart bonanza that “Nifty won’t break 10,000 level.If
it does,it will quickly bounce back above 10,000”.Many readers appreciated our performance.It is
due to blessings of god and every reader that we are able to deliver our best performance in any
market condition.Both Jupiter and Mercury are retrograde.Volatile market may favour bulls.But these
planets will favour traders with position of 2 to 5 days/10 to 15 days.These kind of traders will be
extremely benefited in such market. We even stressed on importance of IPO in our smart bonanza
article and suggested bandhan bank for listing gain.It recorded surged 33% up at debut.Those
who were allotted were elated.Choosing a quality IPO to subscribe from various other options is an
important factor. April month,beginning of new financial year, a perfect time to buy quality stocks at
every decline. In past 2 months,many traders/investor’s money has been wiped out completely in
the recent crash.
FOCUS ON SUBEX at Rs.7.70 and every decline
Positive Trading Mindset :- Many traders complaining they are not able to make money
from trading even when the index was at all time high.Despite many stocks were performing ex-
tremely well,the stocks which they bought did not perform better.Sad part is as soon as they sell
that stock,the stock starts to perform better.Despite having sound technical knowledge and money
management,what you lack is a positive trading mindset.Such people blame luck factor but there
is a key factor missing-a positive trading mindset.Before you hit the + sign(for buy order) on your
trading terminal,the feeling/mindset with which you execute a trade does matter.It contributes a
lot.Your thoughts are cause of everything you experience.There is no harm in positive thinking and
executing a trade.Just try next time you execute a trade:Think positively and imagine how your
targets are being met and soon you will start to realize the same being turned it into a reality.

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Financial Weekly

SMART 1st April to 7th April 2018 43

INVESTMENT

Primary Market - Dilip K. Shah

FY 2017-18 turned out to be fabulous for all stakeholders including promoters and retail investors
Rs 815000 crore raised : 8 issues got 100x, 1 issue got 400x subscription : handsome return up to 350%
SMEs created record in March with raising Rs 616 crore through 28 issues
Bandhan Bank bonanza for retail investors with earning of Rs 517 crore
HAL, ICICI Sec and Lemon Tree got poor response from investors
Deccan Pharma - BSE SME IPO withdrew with immediate effect
MMT Ind NSE SME IPO gets Rs25 crore investment from Anchor Investor so may be attractive
Sandhara Tech to be listed on April 5 with a bang but post listing volatility expected
This week 6 BSE SME IPOs to enter the market: All have opened on March 28
Narmada Agrobase with fixed price of Rs 32 opned on March 28 and will close on April 11
What is the secret of listing with 30% premium of the Bandhan Bank public issue ?
How and when will be listing of Lemon Tree, HAL, Mishra Dhatu and ICICI Sec?
Penta Gold IPO in trouble with only 0.56 times subscription on last day
AVG Logistics gets investment of Rs9.41 crore from only one Anchor Investor
MMT Ind may witness fancy as only 15% share have been put aside for retail investors
Orrisa Bengal, Taylormade issues sail through
SME IPOs of Ridings Const and Advitiya got listed with nominal premium
Financial Year 2017-18 has not only set the record in terms of fund raising through IPO but has
pleased both promoters and investors alike. During the year there were 8 issues that got more
than100 times subscription, while one IPO that of Ice Make SME got 400 times subscription. More-
over, the market gave bumper returns to the investors up to 350%. List of both issues with positive
returns and negative returns is given in separate box.
Primary market reaped benefit of the bullish trend in secondary market. The government could

Grey Market Premium raise Rs5600crore through issues of

IPOs Offer Price Premium Kostak Price Subject to Sauda Bharat Dynamics, Hindustan Aero and
Name (Rs.) (Rs.) Min.Appl.(Rs.) (Confirm) (Rs.)
Karda Const. 175 to 180 18 to 20 Mishra Dhatu, while two insurance compa-
Sandhar Tech. 327 to 332 38 to 40 nies New India Insurance and GIC could
Mishra Dhatu 87 to 90 AT PAR -- --
ICICI Sec. 519 to 520 Discount - -- raise Rs12100 crore. However, most of the
Lemon Tree 54 to 56 Duscount -- --
PSU issues slipped into discount after list-
SME IPOs
ing.
S. S. Infra 37 to 40 -- 5000
MMP Ind. 186 to 188 1100 12500 During the year 150 companies came up
Orissa Bengal 30 1300
Taylormade Re. 35 1300 with IPOs of which 44 were mainboard is-
AVG Log. 105 to 107 -- 700 8000 sues. In March total 28 SME IPOs hit the
Vera Syn. 40 900 10000
Do not subscribe for IPO by just seeing premium price as it may change anytime
market and raised Rs616.10 crore. Com-
before listing : Subscribe only considering fundamental of the Companies
pared to earlier SME issue size of Rs40-
For latest grey market premium please check everyday
www.smartinvestment.in 45 crore, MMP Ind IPO was of Rs84.60
Financial Weekly

SMART 1st April to 7th April 2018 44

INVESTMENT

NSE SME IPO

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

Tentative Timetable for Main Line IPOs crore, which is the biggest issue of
Tentative Karda Mishra Sandhara ICICI Lemon
Construction Dhaty Technologies Sec. Tree SME Segment.
Issue Closes 21-3-18 23-3-18 26-3-18 26-3-18 28-3-18
Finalisation of Basis of Allotment26-3-18 28-3-18 2-4-18 2-4-18 4-4-18
In the last quarter of the year, 39
Refund/Unblocking of Fund from ASBA 27-3-18 2-4-18 3-4-18 3-4-18 5-4-18 IPOs raised $789 million, which
Credit of Eq. Shares to Demat A/c.28-3-18 3-4-18 4-3-18 4-4-18 6-4-18
Listing on BSE / NSE 2-4-18 4-4-18 5-4-18 5-4-18 9-4-18 shows 14% growth on annual ba-

Subscription Figures of SME IPO (Dt. 23-3-2018) sis. Some of the positive highlights include
IPO Listing Day Subscribed
Orissa Bengal BSE SME Issue Closed on 26-3-2018 1.17x
premium listing of Bandhan Bank issue and
Taylormade Renewable BSE SME Issue Closed on 27-3-2018 1.18x negative highlights include poor listing of
Penta Gold NSE SME Issue Closed on 27-3-2018 0.56x
AVG Logistics NSE SME 1st Day Subscribed 0.13x PSUs like Bharat Dynamics and Hindustand
MMP Industries NSE SME 1st Day Subscribed 0.08x
Vera Synthetic NSE SME 1st Day Subscribed 0.71x Aero and ICICI Sec. Moreover, Lemon Tree
Soni Soya NSE SME 1st Day Subscribed 1.02x
SS Infra NSE SME 1st Day Subscribed 0.22x
Hotels issue has also good poor response.
Narmada Agrobase NSE SME 1st Day Subscribed 0.00x In SME segment Deccan Pharma has to

Subscription Figures of withdraw its issue and Penta Gold issue is in trouble.
Lemon Tree Hotels IPO • Bandhan Bank :- The issue got listed with 30% premium
No. Shares Issue Subscribed
Offered/ 26-3-18 27-3-18 28-3-18 giving income of Rs517 crore to the retail investors.
Reserved
QIBs 37,09,580 0.82x 1.43x 3.89x The issue got 1.20 times subscription. Before it got listed on
HNI 2,78,21,910 0.03x 0.05x 0.12x Tuesday, the application rates were Rs1300 till Monday evening.
Retail 6,49,17,790 0.02x 0.04x 0.12x
Total 12,98,35,580 0.25x 0.44x 1.19x However, the retail investors got return of Rs5000 with listing. It

Subscription Figures of has become perhaps the first bank with market capital of 56920
ICICI Securities IPO crore.
No. Shares Issue Subscribed
Offered/ 22-3-18 23-3-18 26-3-18 It is believed that around 22000 forms of two big banks got
Reserved
QIBs 22016111 0.49x 0.54x 1.04x
rejected due to price difference as they quoted Rs14800 instead
HNI 11008054 0.04x 0.05x 0.36x of Rs15000 leading to full and firm allotment to retail investors.
Retail 7338703 0.22x 0.39x 0.88x
S.Hold. 3862475 0.09x 0.16x 0.34x The operators who indulged in short selling were in trouble so
Total 44225343 0.29x 0.36x 0.78x
Financial Weekly

SMART 1st April to 7th April 2018 45

INVESTMENT

Listing Information of Main Board & SME IPOs

Co. Name BSE Listing Offer Listing Listing Listing Listing CMP
Code Date Price Price Day Day Day 28-3-18
(Rs.) (Rs.) High Low Close
Ridings Cons. (BSE SME) 541151 26-03-18 18 18.5 18.5 18 18 18.10
Hindustan Aero (IPO) 541154 28-03-18 1240 1169 1184 1117 1128 1128.35
Bandhan Bank (IPO) 541153 27-03-18 375 485 498.4 455 477.2 468.30
Advitiya Trade (BSE SME) 541152 26-03-18 15 15.01 15.76 15.01 15.76 16.54
Active Clothing (BSE SME) 541144 26-03-18 65 64.95 66.4 61.75 65.26 63.65

there was a rush for short covering which ultimately resulted in bumper listing of the issues.
* Poor response to HAL and Lemon Tree:-
• HAL :- The issue has to be managed with help of LIC on the last day due to poor response from
the investors.
• ICICI Sec :- The issue with size of Rs4000 crore spoiled the market sentiment as it got under
subscribed on the last day with only 78% subscription. As a result, the issue size was curtailed
from Rs4020 crore to Rs3520 crore.
• Lemon Tree Hotels :- It got only 0.12 times subscription in HNI segment giving sleepless
nights to the promoters and merchant bankers. So the issue was managed with help of QIB. It got
3.88 times subscription in QIB segment.
* Troubles for SME IPOs:-
• Deccan Pharma :- Rs46 crore IPO with price band of Rs81-90 was supposed to open on
March 28 and close on April 4. However, the company's CMD surprised everyone with withdraw-
ing the issue and announced that the Pre-IPO transactions for capital expansion were not proper.
So the issue was withdrawn with immediate effect.
• Penta Gold :- The issue with fixed price of Rs37 aimed at raising Rs13.32 crore could get only
0.56 times subscription on the last day, i.e. March 27. It should be noted that in 2012, the company
had to withdraw the issue.
* Listing of mainboard issues:-
• Karda Consruction :- the issue will get listed on April 2 around Rs200 against price band of
Rs175-184. Though issue size is small it will be in trade to trade category, the share prices may go
up after listing. It is advisable to book profit.
• Sandhara Tech :- IPO will get listed on April 5 around Rs365 to Rs380 and may cross Rs400
level if market supports.
• Mishra Dhatu, ICICI Sec and Lemon Tree Listing :- Mishra Dhatu may get listed on April 3 or
4, ICICI Sec on April 6 and Lemon Tree on April 9. Mishra Dhatu may get listed with nominal
premium, flat rate or may go in discount. However, ICICI Sec and Lemon Tree may get listed on
discount or flat rate.
* SME IPOs :- Around half a dozen NSE SME IPOs have entered into the market. All issues
Financial Weekly

SMART 1st April to 7th April 2018 46

INVESTMENT
have opened on March 28 and will close on April 4, which include ACG Logistics, MMP Ind, Soni
Soya, Vera Syn, SS Infra, Narmada Agrobase. It should be noted that analysis of all the issues
excluding Narmada Agrobase was given last week and Narmada Agrobase's analysis has been
given this week.
• SME IPO Subscription :- Orrisa Bengal got close with 1.17 times subscription and Taylormade
Ren closed with 1.18 times subscription. Penta Gold got only 0.56 times subscription on March 27
still it closed. There is no official announcement of devolvement of the issue.
AVG Logistics got 0.13 times subscription on first day, MMP Ind got 0.08 times, Vera Syn got
0.71 times, Soni Soya got 1.02 times, SS Infra got 0.22 times and Narmada Agrobase got 0 times
subscription.
* Anchor Investors got attracted to MMP Ind and AVG Logistics:-
• MMP Ind :- Rs84.60 crore issue has got Rs25 crore investment from Anchor Investors. Van-
tage Equity Fund has bought 79.17% and Raisonneur Capital Ltd has got 20.83 % stake. It is
believed that Rs45 crore investment from QIB for 45% is also ready. In the issue, Rs25 crore has
been allotted for Anchor Investors, Rs17 crore for QIB, Rs25 crore for HNI and Rs16.50 crore for
retail investors. The issue may get attraction as the anchor investors have bought stake at price of
Rs188.
• AVG Logistics :- Sixth Sense has bought 100% with investment of Rs9.41 crore, which may
increase fancy.

GREY Market Movement

Grey Market turns active with premium listing of Bandhan Bank
Karda Cons may get listed at Rs200
Sandhara Tech rides bullish trend: premiums spurt from Rs9 to Rs38/40
MMP Ind and AVG Log become attractive due to good response from anchor investors
Application and interest rates deal started in Orrisa Bengal, Vera Sy. and SS Infra
Grey Market was inactive for quite some time, but premium listing of Bandhan Bank issue has
revitalized it. Moreover, Sandhara Tech and Karda Const. issue premiums have gone up and
subject to along with interest rates deals have started in SME issues. There is no deal in HAL,
ICICI Sec and Lemon Tree issues.
Sandhara Tech :- The premiums were at seller's Rs9 last week which has spurt to 38/40. It
may do the Bandhan Bank.
Karda Construction :- The premiums are volatile in range of Rs15 to Rs20. Listing could be
at Rs200 on Monday.
SME IPOs :- Orrisa Bengal and Taylormade issue are witnessing interest deals at Rs1300,
while Vera Synthetic is witnessing interest deals at Rs900 and subject to deals at Rs10,000.
MMP Ind has witnessed interest rates of Rs1100 and subject to at Rs12500, while AVL Logis-
tics has witnessed interest rates of Rs900 and subject to rates of Rs10,000. Fancy may increase
in both issues.
Financial Weekly

SMART 1st April to 7th April 2018 47

INVESTMENT

NARMADA AGROBASE NSE SME IPO

IPO Opens on March 28 & Closes on April 11, 2018
Offer price fixed at Rs. 32 ; Listing on NSE - SME Platform
Considering continuously growth in top-bottom lines &
P/BV at 1.91 apply for long term
Narmada Agrobase Ltd. (NAL) is an ISO 9001:2015 certified company and engaged in manu-
facturing & processing of cotton seed meal cake, cattle feeds and soya bean meal. Also the by-
products of Products is used in textiles Industry, Consumer Goods Industry and Paper Industry.
Company's factory is situated at 613/P-1 IJ Pura (Jethaji) Dhanpura Road, Tal. Jotana, Mahesana
- 384421, Gujarat, India.
NAL is the manufacturer and exporter of cotton seed meal, guar meal, delinted cotton seed,
organic fertilizers and cattle feed under own brand name of "Churma" and "Gaay Chhaap
Narmada Pashu Aahar".
To part finance its working capital and general corporate fund needs, NAL is coming out with
a maiden IPO of 2340000 equity shares of Rs. 10 each at a fixed price of Rs.32 per share to
mobilize Rs.7.49 crore. Issue opens for subscription on 28.03.18 and will close on 11.04.18.
Minimum application is to be made for 4000 shares and in multiples thereon, thereafter. Issue
constitutes 31.09% of the post issue paid up capital of the company. Issue is solely lead man-
aged by Corporate Capital ventures Pvt. Ltd. and Karvy Computershare Pvt. Ltd. is the registrar
to the issue. Post allotment, shares will be listed on NSE SME Emerge. Having issued initial
equity at par, it raised further equity at a price of Rs. 32 per share. It has also issued bonus
shares in the ratio of 95 for 100 in November 2017. Average cost of acquisition of shares by the
promoters is Rs. 6.21 and Rs. 8.81 per share. Post issue, company's current paid up capital of
Rs. 5.19 cr. will stand enhanced to Rs. 7.53 cr.
Financial Performance :- On performance front, NAL has posted turnover/net profits of Rs.
2.10 cr. / Rs. - (0.02) cr. (FY14), Rs. 22.04 cr. / Rs. 0.14 cr. (FY15), Rs. 30.71 cr. / Rs. 0.19 cr.
(FY16) and Rs. 34.45 cr. / Rs. 0.30 cr. (FY17). For the first half of current fiscal, it has earned net
profit of Rs. 0.21 cr. on a turnover of Rs. 17.40 cr. Thus it has posted gradual increase in top and
bottom lines. For last three fiscals, it has posted an average EPS of Rs. 0.78 and an average
RoNW of 10.93%. Issue is priced at a P/BV of 1.91 on the basis of its post issue NAV of Rs.
16.78. If we annualize latest earnings and attribute it on fully diluted equity post issue, then
asking price is at a P/E of around 57 making it a exorbitantly priced offer. As per offer documents,
it has no listed peers to compare with.
BRLM's Performance :- On merchant banker's front, this is the 5th mandate from its stable.
Last 4 listings opened at a premium ranging from 0.7% to 8.8% on the day of listing.
Recommendation :- Company has continuously reported growth in Top-line & Bottom Line
during last three fiscals & P/BV of 1.91 seems reasonable But asking PE of 57, its fully price
offer. One can apply in this IPO for long term.
Financial Weekly

SMART 1st April to 7th April 2018 48

INVESTMENT

Smart Best Buy S. N. Zaveri

Bharat Forge : US demand will be huge
Britannia Industries : Stronger among FMCG players
Tech Mahindra : Margins improve, Acquisitions pay
Persistent Systems : Correction is a good opportunity to invest
Balkrishna Industries : Strong volume growth, Europe grows the most

Bharat Forge (Rs. 700.00) (Code : 500493) (F. V. : 2.00) : After a long downturn
in US truck sales, the rebound in class-8 heavy-duty trucks sales set the positive note in the quarter
ended March 2017 for Bharat Forge. Since then, sales in the segment have been northbound.
Recent data showed a record 100% growth year-on-year, with 2018 looking promising too. Also,
the growing sales in the domestic commercial and passenger vehicle segments have put Bharat
Forge’s domestic business on overdrive. Manufactures saw a huge bump-up in demand and this
strong demand has been more than planned and so there would be a need for capacity expansion.
Brokerage firms have forecast a strong 35-40% compound annual growth rate in earnings over the
next two fiscal years.The stock has corrected 100 Rupees in March. Grab this opportunity to enter
into this stock.
Britannia Industries (Rs. 4971.00) (Code : 500825) (F. V. : 2.00) :- Britannia
Industries have been one of the standout players in the FMCG space in the last 12 months in terms
of volume growth and also fastest EBITDA growth. The business is very strong. Its double digit
domestic growth of 15 per cent for the quarter is backed by a double digit volume growth on the
back of investment in brands and widening its distribution network through focus on direct reach,
rural and weak markets.The FMCG major has reported 19.60 per cent increase in its consolidated
net profit at Rs 263.65 crore for the third quarter ended December 2017. Buy in phased manner.
Credit Suisse has initiated coverage of biscuit maker Britannia Industries with “outperform” rating
and a price target of Rs 5,550. The brokerage expects the company to gain market share gradually
to high. Credit Suisse says the company’s margin should expand from FY19. 23 out of 31 broker-
ages covering the stock rate it "buy” or higher, seven “hold” and one “sell"; their median price target
is Rs 5,205. Buy.
Tech Mahindra (Rs. 638.00) (Code : 532755) (F. V. : 5.00) :- Tech Mahindra,
India's fifth-largest information and technology (IT) services company, has shown steady growth in
its share prices. Currently, the price is around Rs 632 as compared to Rs 376 last July. IP-led
revenues have continued to positively impact its operating profit margins. Analysts said if the com-
pany continued with headcount reduction and showed positive improvement in LCC and Comviva,
it would see steady margin growth.When they bought Lightbridge Communications Corporation
(LCC), it resulted in a margin collapse. When the margin curved off, after two years, the stocks
have recovered. With margins showing steady improvement, the fourth quarter of 2017-18 might
bring a certain margin expansion, he added. The shift in the wage hike cycle means that wage
hikes will not impact the next quarter.IIFL said it was expecting a 120 bps (basis points) operating
profit expansion over the next two years. It added that while customers have started discussing 5G,
it has not really reflected in the company's capex guidance and is expected to play out in 2019.Buy.
Persistent Systems (Rs. 690.00) (Code : 533179) (F. V. : 10.00) :- Persistent
Systems stock dropped over 10 per cent after the company said its revenues from its internet pro-
tocol (IP)-based services may drop by $8 million. Analysts were expecting a $3-4 million fall in IP-
Financial Weekly

SMART 1st April to 7th April 2018 49

INVESTMENT
based revenues on account of seasonal weakness.However, it is very harsh punishment to this
stock. Persistent posted a healthy revenue increase of 3.8% in Q3 in USD terms, with the quarter
typically seasonally strong owing to its largest client IBM, as it is the CY-end quarter for the latter,
with budgets typically getting spent. Enterprise maintained its healthy growth, with revenue up
5.6% QoQ, while IP-led revenue rose 6.9% QoQ led by the IBM account. Persistent has strong
fundamental and strong management. So, it is good company to invest. Grab this opportunity to
enter into this counter.
Balkrishna Industries (Rs. 1072.00) (Code : 502355) (F. V. : 2.00) :-
Balkrishna Industries is the country’s second-largest tyre maker by market capitalisation. It manu-
factures off-highway tyres (OHT) used in sectors such as agriculture (tractors), construction (load-
ers and dumpers) and off-road applications, including mining. BKT’s volume growth in the Decem-
ber quarter stood at 24 per cent, the highest in at least 18 quarters, thanks to a 35 per cent rise in
business from farm equipment manufacturers in Europe and 17 per cent growth in Off-the-Road
(OTR) tyres in the mining sector. In the nine months of FY18, volume grew 15 per cent to 145,211
tons. The company has guided for volume growth of 11-13 per cent for the current fiscal after the
second quarter results, which look achievable given the traction in demand for OHT tyres.Improved
demand from the farm sector will have the more pronounced impact on earnings growth of BKT as
it derives nearly two-thirds of its sales from farm equipment machinery. Buy.

(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
28th March 2018 unless specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though,
every care has been taken, we will not responsible for any errors / omissions o All disputes are subject to Ahmedabad jurisdictioner

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Financial Weekly

SMART 1st April to 7th April 2018 50

INVESTMENT

Dalal Street Whispers - Dilip K. Shah

Rallis India (Rs. 236.00) (Code: 500355) :- Positional upside movement is being seen in this
stock. The stock can be bought at the current level for a target price of Rs. 260 with a target price of
Rs. 231.
JK Tyres (Rs. 161.00) (Code: 530007) :- A sharp correction was seen in this stock in the past
few weeks. According to experts, the stock can be bought for a target price of Rs. 175 with a stop-
loss of Rs. 156.
KNR Construction (Rs. 283.00) (Code: 532942) :- The company has bagged two hybrid annu-
ity road projects worth Rs. 2,964 crores in recent days. The stock is likely to remain in the limelight.
Dolphin Offshore (Rs. 83.00) (Code: 522261) :- With crude oil prices crossing $70 a barrel, a
lot of movement is being seen in stocks related to the sector. The stock is also on the market radar
after bagging a Rs. 154 crore order from ONGC.
Punj Lloyd (Rs. 17.00) (Code: 532693) :- The share has bottomed out after a major correction.
There is movement in the stock after the company bagged a Rs. 505 crore order from NHAI for
Odisha.
Future Consumer (Rs. 54.00) (Code: 533400) :- This Kishore Biyani Group company is on the
radar of a leading brokerage house. The stock can be seen touching Rs. 85 with a potential upside
of 60%.
IB Realty (Rs. 181.00) (Code: 532832) :- Brokerage house CLSA has maintained 'Buy' rating
on the stock with a target price of Rs. 313. The company stake sale in its arms has fetched 10%
more than the valuation estimate.
Apollo Tyres (Rs. 275.00) (Code: 500877) :- Adverse impact was seen on the company's fi-
nancial performance in the December quarter owing to GST. Reports indicate that the company
will improve its performance going ahead.
Hero Moto (Rs. 3,545.00) (Code: 500182) :- The company is expected to report strong num-
bers for March owing to festivals and good demand from rural areas. Moreover, entry in export
market, large share in scooter market, and premium products will help in boosting volumes and
margins.
Bajaj Hind. (Rs. 8.00) (Code: 500032) :- The government has allowed sugar exports due to
bumper sugarcane crop. From 29.5 million tonne last year, sugar output has gone up by 45%.
Sugar mills are gearing for exports from next month. Movement can also be seen in the shares of
Dwarikesh Sugar and EID Parry.
Ashok Leyland (Rs. 145.00) (Code: 500477) :- The company is increasing vehicle prices by
2% from April. It is also likely to report strong sales figures for March.
Binani Industries (Rs. 83.00) (Code: 500059) :- Binani Industries is the parent company of
Binani Cement. Ultratech Cement has received the CCI nod for taking over the debt-laden cement
company. The deal has been struck at Rs. 7,266 crores. The deal is expected to benefit both
companies.
Vinati Organics (Rs. 899.00) (Code: 524200) :- Both volumes as well as price has gone up in
the shares of this chemicals company. The company is considered the market leader in terms of
volume and cost in IBB, ATBS and allied products. Lower competition from Chinese producers
has worked well for the company. Brokerage house Philips Capital has upgraded the company's
ratings and given a target price of Rs. 1,000.

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

SMART 1st April to 7th April 2018 51

INVESTMENT

High Risk High Return Shares - Dilip K. Shah

Bandhan Bank (Rs. 468.00) (Code: 541153) :- The shares got listed at 30% premium recently.
Reports suggest that Nomura India has bought 83.34 lakh shares of this company. The share is
likely to remain in focus.
ABC India (Rs. 123.00) (Code: 520123) :- This is the country's oldest logistics company. It has
bagged a Rs. 142-crore order from BHEL. It is expected to report 100% growth in FY 2019. It will
also benefit from GST.
Dilip Buildcon (Rs. 1,001.00) (Code: 540047) :- Both trading volumes and share price have
gone up with the company bagging one order after another in the past month. It has emerged as the
lowest bidder in Rs. 4,114 crore projects in Karnataka and Maharashtra, and in a Rs. 936-crore
project under Bharatmala Project in Telangana. Looking at the strong order book, Nomura has
estimated EPS growth of 12-13% for 2018-20. It has also revised the target price from Rs. 1,265 to
Rs. 1,347.
AU Small Fin. (Rs. 617.00) (Code: 540611) :- Morgan Stanley has given 'Overweight' rating on
this stock with a one-year target price of Rs. 725. It has estimated AUM - CAGR growth of 40% for
2018-19.
Dr Reddy's (Rs. 2,082.00) (Code: 500124) :- Morgan Stanley has maintained 'Overweight'
rating on the stock with a target price of Rs. 3,465. The brokerage house is expecting strong growth
from the company going ahead.
Eicher Motors (Rs. 28,336.00) (Code: 505200) :- Brokerage house Jefferies has given a 'Buy'
rating on the stock with a target price of Rs. 31,830. Demand for the company's products has gone
up after a long time.
Endurance (Rs. 1,263.00) (Code: 540153) :- The shares of this 2-3 wheeler segment company
rose 5% on Wednesday. The company had paid 25% dividend last year, while share's book value
is Rs. 123. Both trading volumes and share price are on the rise due to strong buying. It can touch
Rs. 1,300 in the short term.
Manpasand Beverages (Rs. 369.00) (Code: 539207) :- Vadodara-based Manpasand Bever-
ages has expanded its nutritional drink portfolio with the launch of its new brand Siznal. It is look-
ing to capture the rural market. Demand for beverages and cold drinks has gone up with advent of
summer.
KEC Int. (Rs. 390.00) (Code: 532714) :- KEC International has increased its stake in its Saudi
Arabian joint venture Al Sharif Group. From 49% earlier, its stake is now more than 51%, making
the company its subsidiary. The company has also bagged a number of orders in recent times.
JSW Steel (Rs. 288.00) (Code: 500228) :- Sajjan Jindal-led JSW is expanding its operations in
US by acquiring Acero Junction Holding Company for $ 80.85 million. Some movement can be
seen in the stock.
Maruti (Rs. 8,863.00) (Code: 532500) :- Auto companies will declare their sales numbers for
the month of March on April 1. Maruti Suzuki is expected to report strong sales volumes.
Aurobindo Pharma (Rs. 557.00) (Code: 524804) :- The company has recently received USFDA
approval for its Emtricitabine 20 MG drug, which is used in treatment of HIV.
Wockhardt (Rs. 726.00) (Code: 532300) :- This pharma company has received USFDA ap-
proval for its anti-bacterial drug Oxacillin Sodium Injectable. The stock is likely to remain in the
limelight in the coming days.

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

SMART 1st April to 7th April 2018 52

INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
[email protected]

Sensex Predictions : Dt. 2nd April to 6th April

" 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. " Please
order your copy of the 2018-19 Stock Market Predictions Book at the following link:- http://
www.ganeshaspeaks.com/orderForm.action?productId=2413
02-04-2018 Monday :- " You must have received the monthly chart of April. " The
Saturn-Mars combination is causing tremendous volatility in the market. " Today's calculation is
very simple, wherein divide the market into 3 parts. " Part 1 - 9.15 to 13.30 there is no direction, just
do jobbing " Part 2 - 13.30 to 15.00 Nifty will go up. " Part 3 - during the last 30 minutes expect profit
booking.
03-04-2018 Tuesday :- " The Moon-Jupiter combination will provide some hope today,
but time will tell whether you will be able to trade or not. " 9.15 to 11.35 Nifty will give mixed to
negative result. " 11.35 to 12.20 Nifty will go up. " 12.20 to 13.20 Nifty will go down. " 13.20 to 15.30
expect up trend in Nifty, and selling pressure is also likely during the last minutes.
04-04-2018 Wednesday :- " Today's date is 4, and it is also the 4th month, which is
Rahu's number " Today is Wednesday, which is Rahu's day. Hence Rahu will highly influence the
market today. " The Moon is also in Scorpio sign, which is its debilitation sign. Thus do not rely
heavily on the market today. " You can do delivery based intraday. " There is no fixed trend today,
hence work accordingly. " Around 9.45 sell Nifty and exit on earning 2 rupees. " Around 13.00 buy
Nifty and exit on getting 3 rupees.
05-04-2018 Thursday :- " The Moon is in Anuradha constellation today, hence the market
will make a slightly slower pattern. " 9.15 to 10.00 overall Nifty will maintain a strong hold around
the surface. " 10.00 to 11.30 Nifty will remain on the soft side. " 11.30 to 12.00 Nifty will go up. "
12.00 to 14.30 initially Nifty will go up and then equally go down in the second part. " 14.30 to
15.30 do jobbing in Nifty.
06-04-2018 Friday :- " Ganesha says that this is a very strange and mysterious day.
" 9.15 to 11.42.13 Nifty i l pass time around a psychological figure. " 11.42.14 to 13.13 Nifty
will suddenly change its trend, which may be downwards. Hence remain cautious. " 13.13 to
15.30 Nifty trend will be mixed to positive, says Ganesha.
Financial Weekly

SMART 1st April to 7th April 2018 53

INVESTMENT

News Track

ANNUAL DAY at Ryan Global

“The Quest for Happiness”

Ryan Global School Andheri on Thursday celebrated its outstanding and reverberating Annual
Graduation show entitled as "The Quest for Happiness". The theme was befitted with the thought
of the going in search of mankind for happiness.
Ryan Global school was blessed with the kind presence of Mr Mukesh Sharma , Director at the
Ramesh Sippy Academy of Cinema & Entertainment, Mumbai University, and as an Expert Mem-
ber at the Mumbai Metro Rail Corporation Limited, Mr Kaiser Dopaishi, Head of South Asian Inter-
national Baccalaureate Schools Association (SAIBSA), Ms. Bharati Thakore, Founder and CEO
of New Millennium Education Partners, Mr Milind Wagle, an eminent sports commentator, Mr Pratik
Mukherjee Country Marketing Manager - Indian Sub-Continent at Procter & Gamble, Mr. Leo Bruno
Basketball Coach - NBA India, Mr. Avinash Mukherjee Television Actor , Ms. Sheetal Wadhwa
Munshaw, Director, Avant Garde Consulting and our wonderful school community.
Financial Weekly

SMART 1st April to 7th April 2018 54

INVESTMENT

REVIEW OF “SMART PLUS NEWS LETTER”

Amazing 18% RETURN SMART GAIN
FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
26-3-2018 High (%) 26-3-2018 High (%)
Welcast Steels 818 939 14.79 Marico 325 333 2.46
Titan 895 963 7.6 Sun Pharma 501 512 2.2
Intrasoft Techno 662 704 6.34 Neuland Lab. 696 724 4.02
Shriram Trans. 1390 1498 7.77 EIL 150 160 6.67
Ashoka Buildcon 237 249 5.06 Ultratech Cement 3875 4085 5.42
Va-Tech Wabag 489 509 4.09 CESC 882 999 13.27
Asian Paints 1110 1139 2.61 Hero Moto 3414 3575 4.72
EMAMI 1054 1099 4.27 Tata Steel 568 598 5.28
Jubilant Food 2278 2396 5.18 Mahindra Logistics 475 489 2.95
Everest Ind. 463 499 7.78 Carborundum Uni. 336 354 5.36
Cyient 660 698 5.76 Nandan Denim 127 130 2.36
PC Jeweller 328 340 3.66 GHCL 267 273 2.25
Tech Mahindra 623 641 2.89 Pix Trans. 122 129 5.74
Force Motors 2761 2817 2.03 Borosil Glass 841 868 3.21
Cummins India 732 748 2.19 Adani Ports 361 370 2.49
Coal India 270 285 5.56 Fortis HC 143 154 7.69
Zee Entertainment 569 595 4.57 Ruchira Paper 159 172 8.18
Dalmia Bharat 2735 2967 8.48 Omax Auto 134 140 4.48
Bliss GVS 197 204 3.55 MEP Infra 76 79 3.95
Apollo Pipes 514 559 8.75 Bhushan Steel 40 44 10
Ashok Leyland 142 146 2.82 Kriti Ind. 50 59 18
NBCC (India) 191 195 2.09 Corporation Bank 29 32 10.34
EIH 158 164 3.8 Manappurm 104 111 6.73
JBF Industries 94 102 8.51 Gabriel 137 140 2.19
Greenply Ind. 323 328 1.55 Adlabs 47 49 4.26
IRB Infrastructure 215 226 5.12 Astron Paper 108 111 2.78
Rain Ind. 373 390 4.56 GMR Infra 16 17 6.25
KEC Int 384 397 3.39 Dish TV 69 73 5.8
Power Grid 194 200 3.09 Simbholi Sugar 14.25 15 5.26

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Financial Weekly

SMART 1st April to 7th April 2018 56

INVESTMENT

Editor : Dilip K. Shah

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

SMART 1st April to 7th April 2018 57

INVESTMENT

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Financial Weekly

SMART 1st April to 7th April 2018 58

INVESTMENT

Grand Success Story of

D(en)O(f)W(ealth) : Dow Scheme
Date Stock Reco. Target Achieved Return Date Stock Reco. Target Achieved Return
Rate (Rs.) Rate (%)
29th April-15 J M FIN 47.5 60-90 191.6 303% Rate (Rs.) Rate (%)
29th April-16 WALCHAND PEOPLE 106 145 212 100%
5th May-15 VIPPY SPINPRO 20 25-31 61.4 207%
3rd May-16 IOL CHEM 103 150-250 156 51%
8th May-15 CONART ENG 22 30-32 64.4 193%
5th May-16 INDIGO 1075 1200 1347 25%
15th May-15 MANALI PETRO 16.5 21-30 49.4 199%
6th May-16 PPAP AUTO 144 175-200 454 215%
22nd May-15 S U Z L O N 25 32-45 28 12%
13th May-16 HP COTTON 53 75 58 9%
26th May-15 GOLDIAM INT 28 38 99.7 256%
16th May-16 GANDHI SPE TUBE 235 300 375 60%
28th May-15 PONDY OXIDE 75 82 779 939% 16th May-16 BAJAJ ELE 233 265 428.5 84%
9th June-15 INDUS BANK 810 880 1804 123% 19th May-16 ITD CEMENT 127 175 194 53%
18th June-15 KEI IND 63 90 372 490% 19th May-16 ASM TECHNO 195 220 203 4%
18th June-15 VRL LOGI 305 335-350 479 57% 27th May-16 KUSHAL TRADE 145 175-225 611.1 321%
18th June-15 KALPATARU POWER 241 270 405 68% 3rd June-16 J M FIN 47 56-59-65 191.6 308%
18th June-15 SUPRAJIT ENG 128 150 338 164% 9th June-16 BAJAJ ELE 232 300 428.5 85%
26th June-15 IBULLS HOUSING 620 675-900 1374 122% 20th June-16 GAEL 58 75-85 185 219%
2nd July-15 MRPL 76.5 85-105 143.55 88% 24th June-16 IOL CHEM 136 175-275 156 15%
13th July-15 FSL 33.25 40-55 54 62% 1st July 16 IL&FS TRANS 78.5 95-105 124.8 59%
14th July-15 JAIN IRRIGATION 75 95-125 120 60% 7th Junly 16 NETWORK18 45.5 64-71 59.3 30%
28th July-15 BAJAJ FINANCE 222 275 1985.9 795% 15th July 16 SARDA ENERGY 141 180-200 518.4 268%
31st July-15 JINDAL SAW 78 95-125 128.3 64% 22nd July 16 AARTI IND 553 620-625 1040 88%
3rd Aug-15 HFCL 15 20-35 35.95 140% 28th July 16 MAGMA FIN 106 135-140 189.85 79%
5th Aug-15 SUBEX 16.5 18.5-22 18.35 11% 3rd Aug 16 GARWARE WALL 453 535-540 994 119%
17th Aug-15 J M FIN 52.5 60 191.6 265% 5th Aug 16 ION EXCHANGE 327 445-450 638 95%
12th Aug 16 IOL CHEM 137 175-275 156 14%
11th Sep-15 NAVKAR CORP 166 185-190 247 49%
18th Aug 16 SAMBANDAM SPI 113 130-140 163.5 45%
11th Sep-15 ECLERX SERVICES 1425 1600 1784 25%
22nd Aug 16 SUBEX 12.65 16.5-18.4 13.5 7%
11th Sep-15 KSCL 457 530-550 708 55%
31st Aug 16 IDFC 58.25 70 71.3 22%
24th Sep-15 GHCL 142 165-200 299 111%
8th Sep 16 IRB INFRA 242 270-285 272.65 13%
6th Oct-15 CHENNAI PETRO 238 275-350 480.5 102%
8th Sep 16 TALBROS ENG 238 255-260 824 246%
7th Oct-15 HFCL 16.7 20-25 35.95 115%
16th Sep 16 NOCIL 68 85 193.5 185%
12th Oct-15 ARSS INFRA 36.5 50-54 114 212%
21st Sep 16 CONART ENG 40 48 64.9 62%
14th Oct-15 ASHOK LEYLAND 94.25 105-110 133.9 42% 23rd Sep 16 KEI IND 120.5 140-170 372 209%
4th Nov-15 LLOYD ELE 274 315-350 340 24% 29th Sep 16 DYNAMIC IND 60 70-75 109.85 83%
16th Nov-15 TANLA SOL 36.5 50 66.45 82% 29th Sep 16 GSFC 77 101 162.7 111%
21st Nov-15 PRIMA PLAST 83 100-125 315 280% 5th Oct 16 MAGMA FIN 116 140 189.85 64%
26th Nov-15 PRATIBHA IND 45 55 51 13% 19th Oct 16 JINDAL POLY 429 460-490 477 11%
16th Dec-15 COMPETENT 140 185-190 260 86% 25th Oct 16 A2Z INFRA 40.75 50 52.65 29%
21st Dec-15 SUN PHARMA 750 1000 899 20% 30th Oct 16 JENBRUKT PHARMA 482 700 572.5 19%
8th Jan-16 ASM TECHNO 195 230-300 220 13% 30th Oct 16 ADVANCED ENZ 2125 2700 2375.5 12%
15th Jan-16 TYCHE IND 50 7 2 STOP LOSS 4th Nov 16 MAFATLAL IND 443 425-500 STOP LOSS
27th Jan-16 ASHOKA BUILD 192 230 STOP LOSS 4th Nov 16 ABC BEARINGS 174 210-250 450 159%
5th Feb-16 SWISS GLASS 118 150 227 92% 2nd Dec 16 MRPL 100 119-138-149 146.7 47%
19th Feb-16 ELEGANT MARBLE 95 125 195.95 106% 9th Dec 16 SONATA SOFT 164 195 224 37%
3rd March-16 SHIVALIK BI 11 27-35 95 764% 16th Dec 16 INDIA GLYCOL 137 180-200 412 201%
8th March-16 SUDARSHAN CHE 86 115 459 434% 30th Dec 16 MADHAV MARBLE 59 64-66 79.5 35%
21st March-16 J K TYRE 83 105-135 186.3 124% 30th Dec 16 ORIENT BEVERAGES 160 170-172 186.5 17%
4th Jan 17 RAIN IND 56.5 70 319 465%
21st March-16 NHPC 21.85 27-32 34.5 58%
5th Jan 17 MAGNGALORE CHEM 48.2 55-60 84.4 75%
8th April-16 SUBEX 10.1 13.75-16.5 14.25 41%
6th Jan 17 INDO RAMA 34.25 36-37 42.6 24%
13th April-16 CAREER POINT 118 135-175 166.7 41%
11th Jan 17 TRIDENT 62.5 75-100 109.5 75%
13th April-16 KLRF 58 75-110 122 110%
13th Jan 17 PITTI LAMINATIONS 60 63-65 75 25%
26th April-16 BENGAL TEA 50 60-65 63.5 27%
20th Jan 17 SUPER CROP SAFE 136 225 180 32%
Financial Weekly

SMART 1st April to 7th April 2018 59

INVESTMENT

(2)
Date Stock Reco. Target Achieved Return Date Stock Reco. Target Achieved Return
Rate (Rs.) Rate (%) Rate (Rs.) Rate (%)

27th Jan 17 IHTL 192 202 202 5% 30th June-17 PRIME URBAN 31.5 34-35 38.35 22%

2nd Feb 17 SUBEX 10.6 13-14 12.35 17% 4th July-17 PRIYA LTD 102 112-140 117.5 15%

6th Feb 17 BGR ENERGY 138.5 175 183.4 32% 7th July-17 SUNFLAG IRON 41 51-55 87.8 114%

6th Feb 17 LAURUS LAB 538 625 640 19% 17th July-17 ORIENT BEVERAGES 175 181-185 186.4 7%

14th Feb 17 ATLANTA 83 105 120.45 45% 18th July-17 ORIENT BEVERAGES 179 191-195 STOP LOSS

16th Feb 17 PITTI LAMINATIONS 62 72-75 75 21% 24th July-17 TWL 121.5 155-160 STOP LOSS

16th Feb 17 EON ELECTRIC 63.5 85-90 137.5 117% 28th July-17 REMSONS IND 82 110-115 89.6 9%

28th Feb 17 KWALITY 157 175-185 167.95 7% 3rd August-17 NTC Ind 61 75-80 72.5 19%

1st March-17 S PA RC 339 370-385 446 32% 11th August-17 AGRITECH INDIA 59 - 149 153%

2nd March-17 K O P R A N 71 83-95 102.45 44% 11th August-17 E C O P L A S T 112 - STOP LOSS

8th March-17 AJMERA REALTY 197 250-260 297.8 51% 11th August-17 BIMETAL BEARING 460 - 561.3 22%

10th March-17 CORDS CABLE 81.5 84-86 145 78% 18th August-17 PUDUMJEE IND 15 - STOP LOSS

15th March-17 ADANI ENTER 99.5 115-120 160.7 62% 22nd Aug. S PA RC 410 550 446 9%

17th March-17 GUJ THEMIS 48 53-55 55.5 16% 24th August-17 PATSPIN 27.5 31-33 30.3 10%

17th March-17 SHILCHAR TECHNO 380 450-525 524.9 38% 29th August-17 BNR UDYOG 59.5 6 5 STOP LOSS

20th March-17 ELECTROSTEEL CAST 29.5 37-40 40.65 38% 30th August-17 NMDC 126.5 150 138.5 9%

24th March-17 ONWARD TECH 74.5 78-80 170 128% 30th August-17 J M FIN 128 150 191.6 50%

24th March-17 AVT NATURAL 37 39.5-41 50.75 37% 1st Sep-17 VASWANI IND 15.5 17.5-18 24.6 59%

29th March-17 SANKHYA INFO 58.5 70-75 69.7 19% 7th Sep-17 INDBANK MERCHANT 21.5 25-27 26.9 25%

31st March-17 MOLD-TEK 53.5 55-56 59.9 12% 14th Sep-17 COMPUCOM SOFT 17 20-21 19.4 14%

5th April-17 MTNL 25.75 31-35 27.1 5% 20th Sep-17 ORIENT CEM 162 190 182 12%

6th April-17 SARDA ENERGY 258 300 518.4 101% 22nd Sep-17 AKAR TOOLS 108 113-115 117 8%

13th April-17 WEIZMANN 524 560-570 1125 115% 27th Sep-17 PUDUMJEE PULP 26.85 29.5 28.5 6%

20th April-17 COMPUCOM SOFT 17.5 19.5-20.5 SL 28th Sep-17 SANGHI IND 98 125 137.2 40%

21st April-17 ALEMBIC 46.7 55-61 51.7 11% 3rd Oct-17 DHARNI SUGAR 32 35.5 39.75 24%

28th April-17 REL INFRA 595 700 SL 6th Oct-17 PDMJE PAPER 31 38-40 34.1 10%

28th April-17 DAMODAR IND 95 100 144 52% 13th Oct-17 BHAGYNAGAR 33 38-40 39.4 19%

2nd May-17 VIPPY SPINPRO 50 55-56 SL 19th Oct-17 W H BRADY 235 325-350 288.9 23%

2nd May-17 DEEP IND 326 400 SL 23rd Oct-17 W H BRADY 255 325-350 288.9 13%

15th May-17 TALBROS AUTO 175 210 224.7 28% 24th Oct-17 GSFC 147 170-175 162.7 11%

2nd June-17 TATA GLOBAL 156 175-180 231.25 48% 24th Oct-17 SPIC 42.5 50-53 48.5 14%

2nd June-17 PITTI LAMINATIONS 58.5 63-65 75 28% 25th Oct-17 DHARNI SUGAR 36 41-43 39.75 10%

15th June-17 ACE 69.5 81-87 95.3 37% 31st Oct-17 SURANA T & P 7.5 9-10.5 9.3 24%

22nd June-17 MANAPPURAM 97.5 107-130 112.55 15% 1st Nov-17 MANGALORE CHEM 78 90-95 81.6 5%
Financial Weekly

SMART 1st April to 7th April 2018 60

INVESTMENT

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