3 Dec 2018

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Financial Weekly
SMART 2nd Dec. 2018 to 8th Dec. 2018 2

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Only Financial Weekly Published in English & Gujarati Page
54
GAMC No. :1703/2018-20. Issued by SSP Ahd. Valid up to 31-12-2020

VOL : 11 • Issue No: 42 RNI No : GUJENG / 2008 / 24320 2nd Dec. 2018 to 8th Dec. 2018
FII Activity (Rs. in Cr.)

Date Buy Value Sell Value Net Value
26-11-18 4756.12 4693.38 62.74
27-11-18 5654.3 4842.78 811.52
28-11-18 6286.63 5325.37 961.26
29-11-18 8878.36 8054.89 823.47
30-11-18 12172.1 12504.72 -332.62
TOTAL 37747.51 35421.14 2326.37
DII Activity (Rs. in Cr.)
Date Buy Value Sell Value Net Value
26-11-18 4276.96 3925.18 351.78
27-11-18 3370.14 3338.93 31.21
28-11-18 3692.76 4023.05 -330.29
29-11-18 7649.48 6676.17 973.31
30-11-18 5015.36 3525.71 1489.65
TOTAL 24004.7 21489.04 2515.66
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Financial Weekly

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Smart Education - Yog Joshi

Technical Analysis
From
Basic to Advance
Difference between
Fundamental Analysis and Technical Analysis
In the last week's issue in Topic- 1 we discussed, what is technical analysis? What is its defini-
tion? What it can be applied to and who can benefit from using it.
In the Topic -2 of this edition, we are going to discuss what the difference between technical
analysis and fundamental analysis and who should do the which analysis
First we going to understand why it is necessary to do the analysis...
For Eg. If you are thinking of buying a new house, before buying we are thinking about its area,
about society, about neighbors, nearby availability of life essentials and the school, and then think
about how much appreciation we will get in the future. So in simple words we have done the
analysis of that house before buying it.
In the same way, if we want to buy a new car we think about the car's company, about the car's
average, about its spare part availability, service and in last resell value of that car, so we can say
that we analysed different parameter of house and car before we going to buy it
Similarly, whenever we think to buy a stock from stock market, it is very important to do the
analysis of that stock
There is a two popular method available to do the analysis of any stock
1) Fundamentals Analysis
2) Technical Analysis
First start with fundamental analysis :-
1) Fundamentals Analysis:
Fundamental analysis mainly focus on the intrinsic value of the stock and determines whether
the stock is under value or overvalued, if the stock's price is lower than its intrinsic value, it is
believed that this stock is being found in the discount price and there is a good chance of invest in
it, when a stock is trading at a higher price than its intrinsic value, it is said that the stock is overval-
Financial Weekly

INVESTMENT
ued and it’s not advisable to invest in it at that time
At fundamental analysis of the stock, it will be a study of company’s financial statement, focus
on profit and loss account, various ratio analysis (PE, EPS etc.) in addition to that company's prod-
uct analysis, sector analysis, competitor analysis, economic analysis and finally visit to the com-
pany or call / net meeting with company secretory / Director to know about future plan of company
and lastly there will be a conclusion whether this company’s stock is advisable to invest or not for
long term
2) Technical Analysis:
In technical analysis, price, volume and historical data of the stock are main parameters to de-
termine the stock whether it’s advisable to invest or not, in addition to that, price chart of that spe-
cific stock, trend of that stock, stock support and resistance level, stock overbought or oversold
position, using trend lines on the price chart and various indicators and oscillators are used to
predict future probable price or move of that specific stock
Technical analysis is a quick method of analyzing the stock in comparison to fundamen-
tal analysis.
Fundamental Analysis Technical Analysis

• Predict future price based on financial • Predict future price based on historical
statement, and Various analysis like Com- data, price chart, trend, and the help of
pany, Industry, Economy various Indicators
• Time Consuming • Quick Study
• Focus on intrinsic value • Study of Charts
• Includes Company, Industry and • Price, Volume and Open Interest Analy-
Economy Analysis sis, study of price chart
• Apply for few market under study • Apply to any market and instrument
• Fundamental do no change, based on ex- • External news can defy Technical Analy-
ternal news sis
• For Long Term View – For Investor • For Short Term View – For traders and
swing traders
Financial Weekly

INVESTMENT
Interest Check : Happynessfactory.in

Amar Pandit
The high price of delaying

your Investments
I am sure that time and again you’ve heard ‘Time is Money’. In fact, Time is the most precious
resource that every person has. While there are different meanings of this, I”ll focus on how it
applies to investing.
In the investing space, Time is not money but TIME CREATES MONEY. Yes, you read it right.
TIME CREATES MONEY. Take a minute or two and memorize this. If you get this , you will be
richer (not just in terms of money, but in terms of career, health , purpose) than what you could ever
be and we will consider our mission accomplished to a large extent.
When I talk about time, it is basically the power of compounding at work… Helping your money
grow EXPONENTIALLY! In Albert Einstein’s words, “Compounding is the Eighth Wonder of the
World”. I certainly agree.
I’ll illustrate with the story of a Persian Emperor
A Persian emperor lost a bet with one of his court members. The emperor haughtily told the
court member, “Ask for whatever you want”. The court member, a mathematician, was a sharp
cookie. He said, “My lord, all I ask for is one grain of rice for the first square of the chessboard and
then double the grain of rice for every following square.”
The emperor thought that the mathematician was crazy to ask for such a modest reward when
he could have asked for something bigger. On the day of the reward, the emperor gave the math-
ematician one grain of rice for the first square. He then went on to give him two grains for the
second square.
For the third square, the emperor gave 4, then 8, followed by 16, 32, 64 and 128. On the 14th
square, the emperor had to give 2048 grains of rice. Things became interesting after 28 squares
when the amount of grains had crossed almost 1,000 tonnes. By the 60th square, the king had to
Financial Weekly

INVESTMENT
give 1,15,29,20,00,00,00,00,00,00,00,000 grains of rice. The king could not pay and was declared
bankrupt. The mathematician then took over the empire and lived happily ever after. By the way,
there was no need to go on until the 64th square. This is the power of compounding.
So, why do we not take advantage of the Power of Compounding?
Because we don’t TRULY understand it’s power till we actually experience it. Compounding
works slow at first but just shoots off like a rocket over time and is then unstoppable.
Look at the below graphic to understand how a delay in investing by even a month or a year can
make you lose out, a lot!
As you can see, over 10 years, a one year delay could lead a loss of Rs. 4.5 Lakh. While a 3 year
delay could cost you Rs. 11 Lakh.
That’s a lot of money that would have come in handy for taking care of you and your loved ones
– taking your dream vacation, securing your child’s education, buying your dream home or safe-
guarding your retired life.
The most important thing to do is to make a decision to start investing NOW and like the Nike
Slogan says “JUST DO IT”. You are burning or throwing away money by not letting TIME work for
you.
Do you still want to wait?
Buy or Sell, Confused ?

Let the EXPERTS Help You
Join our Service for 1 Month & We are
Sure. You will be our Lifetime Member
Equity & Commodity Tips
Call Us : 91-9930011789
www.shareinfoline.com
Financial Weekly

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Rapid Fire Stocks
- Kalpna J (Email- [email protected])
(Ring : 97690 37711) Twitter : @Kj_TechTrades
Balkrishna Industries
Buy at - 960 , Targets - 1045 to 1115 ,
SL- 910 , Time Frame - 5- 24 Months
Trigger - Crude Beneficiary
Founded in 1987 as a bicycle tyremaker, Balkrishna Industries’ rise over the past decade and a
half has been phenomenal after it diversified into making tyres for off-the-road, industrial and con-
struction vehicles. The company, 54 percent owned by Arvind Poddar and family, is valued at over
Rs 23,000 crore, second only to market leader MRF Ltd.
Headquartered in Mumbai, India, Balkrishna Industries Limited (BKT) is a leading manufacturer
in the Off-Highway tire market.
Since its founding in 1987, BKT has successfully focused on specialist segments such as agri-
cultural, construction and industrial vehicles as well as earthmoving, port and mining, ATV, and
gardening applications. As a result, BKT has developed into a global player in the Off-Highway tire
industry with a 6% market share and a sales volume of 850 million US dollars corresponding to a
30% increase over the last five years.
Presently, BKT have four subsidiaries in Europe and North America assisting our head office in
sales and marketing activities: BKT Europe S.r.l. in Seregno, Italy, BKT Tires USA Inc. in Akron,
Ohio, BKT Tires Canada Inc. in Toronto, and BKT Tires, Inc. in Brentwood, Tennessee. We sell
our products in 130 countries worldwide through a network of national distributors. Our five state-
of-the-art production sites in Aurangabad, Bhiwadi, Chopanki, Dombivali and Bhuj employ more
than 7,000 people.
Exports contribute about 80 percent of Balkrishna Industries’ revenue, with a large chunk of it
coming from replacement demand. Margins at 30 percent are the highest in the industry.
Monster Jam
BKT is the official and exclu-
sive tire manufacturer of Mon-
ster Jam and its fleet of monster
trucks. Monster Jam is a top
sporting event in America with
monster truck racing and
freestyle competitions. The
Cont...
Financial Weekly

INVESTMENT
thrilling motoring shows are broadcast in TV.
Monster trucks are large vehicles suitably modified and equipped with special tires reaching a
diameter of about 1.6 meters. Monster Jam produces more than 350 shows with over 4 million
spectators a year.
BKT plays a central role at all Monster Jam events in over 100 cities in North America as well as
on the international tours. BKT is the official tire supplier for all Monster Jam trucks taking part in
the shows. BKT has designed and developed the special BKT Monster Jam Tire, a purpose-built
tire equipping all monster trucks.
BKT’s success is the result of its commitment and continuous investment in research and devel-
opment of high-quality Off-Highway tires that are suitable for any kind of terrain and different oper-
ating conditions in specialist segments such as agricultural, construction and industrial vehicles
as well as earthmoving, port and mining, ATV, and gardening applications.
TAJGVK Hotels & Resorts Limited

Short Term Investment Mantra
Buy range - 165 to 175, Targets - 195 to 215,
SL- 149 , Time Frame - 2- 12 Months
1) Upcoming month with full of events to boost the sales

2) Christmas, New Year and Weddings impact the sales
TAJGVK Hotels & Resorts Limited (TAJGVK) is a joint venture, formed through a Strategic Alli-
ance, between the Indian Hotels Company Limited (IHCL) and the Hyderabad based GVK Group
in the year 1999/00. GVK Group is a Hyderabad based multi product and multi-location business
conglomerate with several integrated companies in India and abroad. IHCL is a TATA enterprise
with a chain of hotels owning the Taj Group of Hotels and manages and operates various hotels
across the country and abroad. The Company owns & operates three five star hotels in Hyderabad
and one five star hotel each in the cities of Chennai and Chandigarh.
Cont...
Financial Weekly

INVESTMENT
Escorts
Buy at - 704, Targets - 895 to 943 , SL- 649 , Time
Frame - 2- 12 Months
Trigger - Escorts Ltd. Q2 Profit Up by 32.5% at ? 102.7 cr.
Escorts Limited (Escorts) manufactures best-inclass equipment for agriculture, infrastructure and
railway for national and international markets and are committed to transforming lives by designing
future-ready solutions, leveraging the power of technology and imagination. More than 1.5 million
tractors. For over seven decades,they have been partnering India’s journey towards economic
prosperity and inclusive growth, with focus on empowerment from the grassroots. Across three
core businesses in which they operate and aspire to bring the best that the world has to offer to
India and take India’s best capabilities to the world.
Escorts Ltd. Q2 Profit Up by 32.5% at ? 102.7 cr.
On October 31, 2018 ,Escorts Limited reported a profit of ? 102.7 crore in the quarter ending
September 30, 2018 up by 32.4 percent as against a profit of ? 77.6 crore in the corresponding
period last fiscal. Revenue from operations up by 15.4% to ? 1,398.4 crore in quarter ended Sep-
tember 2018 as against ? 1,211.7 crore in the corresponding period last fiscal.
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-
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
Financial Weekly

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

Maruti 7661.00 Tata Motors 171.00
Nalco 67.00 Monte Carlo 388.00
Bajaj Finserv 6007.00 Oil India 187.00
BPL 39.00 JBM Auto 297.00
TVS Motors 557.00 Ajanta Pharma 1164.00
CEBBCO 18.00 JSPL 153.00
Dr. Reddy 2722.00 Chennai Petro 272.00
PROZONE 29.00 Asian Granito 202.00
Jubilant Food 1254.00 Equitas 107.00
Federal Bank 85.00 Prestige Estate 215.00
MCX 733.00 Petronet LNG 212.00
ITI 94.00 Yes Bank 169.00
Mind Tree 876.00 SUN TV 591.00
Manappuram Fin. 85.00 Mahindra Log. 534.00
Jubilant Life 768.00 Bharti Infra 256.00
Ashiana Housing 121.00 Repco Home 369.00
PVR 1438.00 ONGC 140.00
DCW 18.00 Himata Singka 217.00
Hero Moto 3058.00 Care Rating 959.00
I.B. Real 78.00 Shree Cement 16476.00
Piramal Enter. 2200.00 Divis Labs. 1437.00
Marksans Pharma 29.00 ADF Foods 267.00
Financial Weekly

INVESTMENT
Commodities Chart & Levels

Bharti Joshi CFA, (SEBI Registered Research Analyst / www.multibaggers.co.in)
CRUDE OIL :- In last 2-month

crude oil has given steep correction
from pic of 5669 to recent bottom
of 3464 that is total 39 % from its
last top. As 3450 is strong support
we can see some bounce back
from current levels. It could give
retracement rally up to 4155 and
above that we could see levels of
4548. Below 3450 we could see
downside up to 3247.
SILVER :- Silver has broken two-year low bottom of 35470 and given closing below it, this show
further strong bearishness to be continue in upcoming days as there is no sign of demand coming
over here. Silver has its major support around 33000 levels we could see this levels in few days.
We could see dead cat bounce up to 37000 levels were further supply could be expected.
GOLD :- Gold is in down trend only

and been able to sustain at its support
zone of 30265. We could see further
correction up to levels of 29940 were
further demand may appear. 31048
would act as strong resistance over
there further supply is expected.
Financial Weekly

INVESTMENT
SMART
BUY OF THE WEEK
Dark Horse
NRB BEARINGS LTD

(530367& NSE) (191) (Face Value Rs.2)
Incorporated in 1965, Mumbai based NRB Bearings Limited manufactures, sells, and ex-
ports ball and roller bearings for use in the automotive sector in India and internationally. The
company also provides needle bearings, cylindrical roller bearings, taper roller bearings,
thrust bearings, needle roller bushes and cages, and Particular Six Month End.
H1FY19 H1FY18 % Var.
automobile components. In addition, it offers drawn cup Sales 484.92 405.76 20
needle and cylindrical bearings, polyamide and steel PBT 96.65 49.07 97
PAT 63.88 33.84 89
needle bearing cages, full-complement needle bearings, EPS 6.59 3.49 89
formed strip cages for heavy gear boxes, special ball bearings, tapered and spherical roller
bearings, planetary shafts and other special pins, crank pins, and rocker arm bearings.
It has an equity capital of just Rs.19.38crore and reserves of Rs.358.58crore. The pro-
moter holds 52.61%, FIIs hold 14.69%, Mutual Funds hold 16.81% while the investing public
holds 15.17% stake in the company.
Company has posted superb numbers for H1FY19. During Q2FY19, its PAT zoomed 37.75%
to Rs.29.12crore from Rs.21.14crore on 20.56% higher sales of Rs.251.02crore fetching an
EPS of Rs.3. For H1FY19, its PAT zoomed 88.83% to Rs.63.88crore from Rs.33.84crore in
H1FY18 on 19.68% higher sales of Rs.484.92crore fetching an EPS of Rs.6.59. Currently,
the stock trades at a P/E of just 15x. It is regular dividend paying company and it has paid
130% dividend for FY18.
Investors can accumulate this stock with a stop loss of Rs.160. It may give very good
returns in medium to long term.
Cont...
Financial Weekly

INVESTMENT
CENTURY ENKA LTD

(500280 & NSE) (267) (Face Value Rs.10)
Particular Six Month End. Incorporated in 1965, Pune based Century Enka Lim-
H1FY19 H1FY18 % Var.
Sales 884.95 674.98 31 ited manufactures manufactures synthetic yarn- Ny-
PBT 72.34 37.24 94
lon Tyre Cord Fabric (NTCF) that find its application in
PAT 45.68 24.24 88
EPS 20.91 11.09 88 making bias tyres, and, Nylon Filament Yarn (NFY)
that find its application in making sarees, dupattas, dress materials and athleisure among
others. Its manufacturing facilities located at Rajashree Nagar, Bharuch (Gujarat) and Bhosari,
Pune (Maharashtra) are equipped with state-of-the-art manufacturing technology.
The Company's equity is Rs.21.85crore while company has huge reserve of around
Rs.879.05crore. Promoters hold 25.25% Other DIIs hold 7.31%, FPIs hold 2.87% while in-
vesting public hold 64.57 stake in the company. Company has reduced its debt from
Rs.378.25crore to Rs.30.62crore in last seven years which is highly impressive. Its share
book value works out to Rs.412.3 and the price to book value ratio stands at just 0.65x.
Company has posted highly impressive numbers for Q2FY19. During Q2FY19 it has re-
ported 56.45% higher sales of Rs.479.08cr while net profit soared 28.06% to Rs.23.23cr
against Rs.18.14cr in Q1FY18 fetching an EPS of Rs.10.63. During H1FY19, its PAT zoomed
88.45% to Rs.45.68cr against Rs.24.24cr on 31.11% higher sales of Rs.884.95cr fetching an
EPS of Rs.20.91. It is regularly dividend paying company and it has paid 70% dividend for
FY18. Currently, the stock trades at a P/E of just 6.5x.
Investors can accumulate this stock with a stop loss of Rs.250. It may give very good
returns in medium to long term.

Financial Weekly

INVESTMENT
TRADNICAL STRATEGY
Email: [email protected], M. 9228237373
NIMESH THAKER, BARODA
Sebi Registered NO. : INH000005874
Things are improving

better than expected….
The way commodity prices are correcting in international market, India will become a
sweet spot for FII after a decent correction from high in last two months.
Again things start improving from macro point of view, like interest rate may stop rising,
fiscal situation starts improving with lower crud oil prices, FII will return to India which sup-
port market as well liquidity issue. But But But this all factor’s positive impact will start when
volatility will fall in global financial market.
On technical point of view, bullish Island reversal formation is seen on daily chart of nifty
indicates bull run will start in coming days. On downside 10750-10650 are stonge support
zone for short term. On upside 11000-11100 are likely to act as strong resistance zone.
On option point of view, Not much clarity are visible on direction, base on open interest
positions. But I think that many events are lined up in next two weeks and that makes market
choppy.
With considering all data, I think market will remain choppy for next two weeks with posi-
tive bias as things are improving better then expected for economy. Stock specific recovery
has stated and it will remain continue. I recommend to buy nifty near 10800-10750 level for
the target of 10950-11000 level with stoploss below 10650. For your investment related query
you can contact me on 9228237373.
Ajanta Pharma: Buy

Buy Range: 1168-1150 (Target: 1270-1420 Stop Loss 1098)
Allocation: 10% of Trading Capital
Double bottom on weekly chart and Price-volume breakout on daily chart with close above
200 EMA indicates bullish signal on the stock. I expect stock to test 1270-1420 level in short
term hence recommend to buy 10% of your trading capital between 1168-1150 zone with
stoploss below 1098.
Financial Weekly

INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
[email protected]
NIFTY OVERCOMES BEARISH GAP

TREND TURNS POSITIVE
In what turned out to be a decisive move on Thursday, the market exhibited very high level of
bullishness and in the process overcame the major hurdle in the form of Bearish Gap between
10754-10843. In the process, both Sensex and Nifty also overcame the long term average of 200dma,
thereby turning the trend to Bullish. But both the indices are yet to cross the Trend Reversal level of
36813 for the Sensex and 11089 for Nifty.
TECHNICALLY SPEAKING :- Sensex opened the week at 35118, made a high of 36389, low
of 34896 and closed the week at 36194. Thus it closed the week with a gain of 1213 points. At the
same time the Nifty opened the week at 10568, made a high of 10922, low of 10489 and closed the
week at 10876. Thus the Nifty closed the week with a gain of 350 points.
On the daily charts, both Sensex and Nifty have formed a Black body Spinning Top, which
comes on the back of four consecutive white body candles. On the weekly chart, both the indices
have formed a big White body candle, which overcomes the Bearishness of last week's Bearish
Engulfing as this week's closing is above the high of Bearish Engulfing. Thus daily as well as
weekly candlestick pattern study suggests a Bullish bias in the near term.
The Market overcame the Strong Resistance in the form of Critical Bearish Gap i.e. between
Sensex 35820-35911 and Nifty 10754-10843 and crucial Resistance in the form of 200dma, thereby
signalling that the long term trend has turned Bullish and the Bulls are now firmly in-charge and
one can expect further upside.
The Indices finally breached the Trading Range of last two months i.e. between Sensex 35800-
This Weeks Recommendations

Rec. Name CMP SL TGT-1 TGT-2
Buy Maruti 7661 7531 7859 8063
Buy Torrent Ph. 1773 1735 1832 1895
Buy DrReddy 2722 2672 2797 2874
Buy Auro Ph. 810 792 837 865
Buy Honeywell 22178 21723 22923 23744
:::: INDEX LEVELS ::::
S3 S2 S1 CLOSE R1 R2 R3
NIFTY 10557 10645 10774 10876 10975 11078 11185
SENSEX 34937 35357 35822 36194 36616 37061 37559
Cont...
Financial Weekly

INVESTMENT
33300 and Nifty 10800-10000, on the upside. This marks end of consolidation and an indication of
further upward move which can help the Nifty towards the 11000 mark. On the lower side, Sensex
35000 and Nifty 10500 will act as strong Support.
The current upward move can be still termed as a Corrective move of the fall from the top of
Sensex 38989 & Nifty 11760 to the low of Sensex 33291 & Nifty 10004. The Corrective levels are
placed at Sensex 35468-36140-36813 and Nifty 10675-10882-11089 for the Nifty. Interestingly,
both Sensex and Nifty are at the 50% Retracement mark and the current scenario suggests a
bullish bias. The indices are now headed to test the 61.8% level of Sensex 36813 and Nifty 11089
which is a Reversal level. If the indices overcome and continue to stay above the trend Reversal
level then one can expect the market to challenge the life-high levels.
A fall below the Support of Nifty 10450, will see the Correction resuming and the intermediate
Correction levels are placed at Sensex 33920-32354-30788 and Nifty 10283-9827-9371. Higher
degree Correction levels are placed at Sensex 32688-30742-28796 and Nifty 9875-9293-8710.
Thus we have two confluence zones which will act as Support Zones. First Confluence Support
Zone is between Sensex 32688-32354 and Nifty 9875-9827. Second Confluence Support Zone
falls between Sensex 30788-30724 and Nifty 9371-9293.
This week, both the indices have managed to overcome the long term average of 200dma
(Sensex - 35406 and Nifty - 10744) as well as the medium term average of 50dma (Sensex - 35235
and Nifty 10610). Both the indices continue to remain above the short term average of 20dma
(Sensex - 35298 and Nifty - 10621). Thus the trend in long term, medium term and even the short
term has turned Bullish.
MACD and Price ROC are both in Buy mode. RSI (62) suggests Bullish momentum. Stochastic
Oscillator %K (90) is above %D and hence in Buy mode. ADX (16) suggests that the Down Trend
has lost all its strength. Directional Indicators are in a Buy mode as +DI is above -DI. MFI (74)
suggests Positive Money Flow. Bollinger Band has given a Buy signal. Thus majority of Oscilla-
tors are suggesting a Bullish bias.
Options data for December series indicate highest Call Open Interest is at the strike of 11000
whereas the highest Put build-up is at the strike of 10000. Thus Options data suggests a wide
trading range with resistance at 11000 & support at 10000.
Financial Weekly

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
Support Line On Nifty seems Final

This is that light which we believe lied at the end of the Tunnel. After taking all the volatile moves
and testing as low as 10004 kind of levels recently, Finally Nifty has established and ultimate
support line. This support line seems to be a long term support line because it has its validity since
2016. This support line has survived and tested lows of Feb-16, Dec-16 & Oct-18 and hence it is
quite robust line. By looking at the attached chart of Nifty, we can say with utmost confidence that
long term support exist at 10100 for NIFTY and it will not be broken for the time to come, at least for
few years now. In a nutshell, Nifty has come far away from the lows and now it has started back in
uptrend. Also, the short term Inverted Head & Shoulder on Nifty is also giving confidence boast
along with great volume cluster beneath this price pattern. It is time to celebrate and start building
a portfolio for which can get enormous return in coming 3-5 years.
Cont...
Financial Weekly

INVESTMENT
RISING STAR: (Continued from page 1)

STATE BANK OF INDIA (284.65)
NSE: SBIN, SECTOR: Public Sector Bank
Today one of the public sector bank that has come on our radar and it is none other than
State Bank of India. In order to fit large data in to one chart, we have used weekly chart here.
This chart suggests that the price of SBI has formed a very long term Inverted Head and shoul-
der pattern. This pattern has bullish implications and huge targets for the time to come. Right
shoulder is witnessing volume spurts just beneath its formation and it has been shown with
blue oval. Heavy volume recently suggests that the informed investors are already covering
this stocks for large gains. All and all price of SBIN is ready to take a huge up move, if at all your
financial advisor advices you to buy this stock with a strict support loss placed at 258. The
target for the coming two years should be at least double the money from current price. One can
buy this stock and keep trailing stop loss at this support line or emerging lines.
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 company does not
take any responsibility for any results that may arise out of using this information.
Financial Weekly

INVESTMENT
Financial Weekly

INVESTMENT
- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789
Nifty Overview : In Last Trading Session, Nifty closed at 10915. Last week, we had mentioned
that Nifty has resistance at 10768 levels and will be positive only above that. Nifty is now at 10900
levels. Nifty near resistance is at 11060 and far resistance is at 10440. Nifty support is now at
10700 levels. Closing below 10700 will make Nifty weak.
Bank Nifty Overview : In Last Trading Session, Bank Nifty closed at 26915. Bank Nifty made
fantastic move in last week and now resistance is at 27250 levels. Closing below 26400 will make
Bank Nifty weak.
Last Recommendation Review

Scrip Name BSE Buy/ Enter Did High/ Remark
Code Sell at Low
Indian Bank 532814 Buy 221 233 Target Achieved
MCX 534091 Buy 701 747 Target Achieved
Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Auro Pharma 524804 812 785/792 805 830 775
Balkrishna Ind 502355 964 948/952 965 980 934
Can Fin Homes 511196 271 260/265 275 285 254
Indian Bank 532814 228 218/222 230 240 210
KSCL 532899 520 495/500 515 530 485
STAR 532531 489 465/475 490 505 454
Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Bata Ind 500043 1040 1090/1100 1070 1050 1115
Marico 531642 358 385/390 375 360 398
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

INVESTMENT
TECHNICAL TALK Dhananjay Kadam

TECHNICAL ANALYST, M. 7588622374
Stocks to buy for handsome gains

Both the stocks, I will suggest today are fundamentally good.They are market
leaders in their business.Both can make new lifetime highs.
Bata India (Close Price 1039) : Bata is the

largest shoe maker in India. Good buying has
happened in Bata from last few days. On 23/10/
2018 it made a low of Rs 833. After making low,
from the very day it started to rise and on 19/11/
2018 it made a high of Rs 1036 and after that
good consolidation happened. On 30/11/2018,
volume increased by 3 times and stock gave a
good fresh breakout. As per the pattern on the
chart, in coming days it can show Rs 1155. One
can buy, Bata India Close Price 1039 for Target
of Rs 1155 with a stop-loss Rs 1110. Time frame
- 15 to 20 days.
Bajaj Finance (Close price 2537) :- It's one of India's

well know finance company. It has a growing customer base
due to quick loan sanctions and their business model. Last
year and last quarters results were good. It's looking very
attractive on chart. On 23/10/2018 it made a low of Rs 1997
and it suddenly started to rise from that day. It was rising
with rise in buying volumes each day. On 02/11/2018 it
made a high of 2675. After that it was in consolidation. On
29/11/2018 with 2 times rise in volumes it gave a fresh
breakout. As per the pattern formed on daily chart, it can
show good rise in coming days.
Buy Bajaj Finance - Close price is 2537. Stop-loss 2450. Target is Rs 2890. Time frame - 1
month.
Note : Stop-loss given for both are on daily closing basis.
Financial Weekly

INVESTMENT
Sachin Shah
Techno Funda (Mumbai)
sound stocks
OUR LAST THREE WEEK'S REVIEW
Stocks Rate High Price Appreciation
5th Nov 18 TECH MAHINDRA 691 739.35 7.0%
ATUL LTD 3325 3645 9.6%
DIVIS LAB 1499 1578 5.3%
19th Nov 18 HDFC 1889 1998.75 5.8%
HDFC BANK 2004 2137.55 6.7%
RELIANCE IND 1127 1186 5.2%
26th Nov 18 AARTI IND 1469 1498 2.0%
AUROBINDO PHARMA 789 815 3.3%
APOLLO HOSPITAL 1214 1289.75 6.2%
BIOCON (532523 & NSE) (622.25) (FV 5)

Biocon Limited is a fully-inte-
grated, innovation-led global
biopharmaceutical company com-
mitted to enhance affordable access
to complex therapies for chronic con-
ditions like diabetes, cancer and au-
toimmune. It has developed and
taken differentiated Small Mol-
ecules, Novel Biologics and a range
of Biosimilars.
The company delivered strong
results with revenue at Rs.1321
crore in Q2FY19 as against Rs.968.6
crore and operating profit of Rs.339.6
crore as against Rs.182.3 crores, PAT stood at Rs.354.7 crores as against Rs.68.8 crores for the
same quarter of the previous financial year. EBIDTA margins have risen from 26% to 33% in the
same quarter on a YoY basis.
Biocon corrected recently from its yearly high of 723 to 578 and thereafter has been consolidat-
ing between 685 and 590/595 levels a triple bottom formation is visible, the stock is breaking out of
a long term falling trend line on daily charts. Trading above its 5,10,20& 200 DMA and the super
trend indicator in buy mode on weekly and monthly charts. Biocon at 624 can be bought with a
target of 765 within 12 to 15 months.
Cont...
Financial Weekly

INVESTMENT
ASIAN PAINTS LTD

(500820 & NSE) (1345) (FV 1)
Asian Paints, since its foundation in
1942, has come a long way to become
India's leading and Asia's third largest paint
company, operating in 16 countries and 26
paint manufacturing facilities in the world,
servicing consumers in over 65 countries.
Asian Paints has 2 Joint Ventures with PPG
Inc of USA the leader in global coatings.
Asian Paints has maintained CAGR of 16%
in Consolidated Gross Sales and 17.4% in
Consolidated Net Profit over the last 10
years. In H1FY19, the standalone Revenue
from Operations grew by 11.8% to Rs.9037.64 crores and PAT grew by 12.6% to Rs.1050.78 crores
over the same period of the previous financial year. The stock corrected to from yearly high of 1490
to form a base at 1107 where it took support close to its yearly low of 1090 and resumed its long
term uptrend, stock is trading above its 10 EMA on daily, weekly and monthly charts and super
trend is in buy mode on daily and monthly charts, MACD is in buy mode on daily charts and close
to triggering a buy on weekly and monthly charts. Asian Paints can be bought at CMP of 1345 with
a target of 1875 within 21 months to 24 months.
PIDILITE INDUSTRIES LTD

(500331 & NSE) (1162.45) (FV 1)
Pidilite Inds incepted in 1959 has
been a pioneer in consumer and spe-
ciality chemicals in India. Pidilite Inds
has been pioneering products from
adhesives, sealants, waterproofing so-
lutions and construction chemicals to
arts & crafts, industrial resins, polymers,
organic pigments, acrylic binders, tex-
tile finishing chemicals, PVA emul-
sions. The Company has a strong glo-
bal presence in 71 countries with 9
manufacturing facilities abroad. Pidilite
Inds has created many trusted household and industrial Brands some of which are DR Fixit, Fevicol,
Fevikwik etc. Company's revenues stood at Rs.1757 crores and PAT stood at Rs.231.18 crores for
Q2FY19. The stock corrected from its yearly high of 1195 earlier this year to 895 in October, taking
support of monthly super trend support stock resumed its uptrend from 895 and is now trading at
1163 close its yearly high of 1195, Pidilite is trading above its 10 EMA on daily, weekly and monthly
charts, super trend is in buy mode on daily, weekly & monthly charts, MACD is in buy mode on
daily charts, weekly and monthly charts. Pidilite can be bought at CMP of 1163 with a target of
1650 within 21 months to 24 months.
Financial Weekly

INVESTMENT
Terrific Shots - Dilip K. Shah
Escorts (Rs. 704.00) (Code: 500495) :- The stock has seen re-rating after entry of
Rakesh Jhunjhunwala and Motilal Oswal. Established by Nanda family in 1944, the company
mainly makes tractors and engineering products. The company has failed to create wealth for
investors in the long term, but there has been a sea change since the new generation took over.
Promoter holding is 40.07%, FII holding 22.42%, and MF holding 5.73%. The company is expected
to gain from the government's focus on expanding railway infrastructure. Its construction segment
is also expected to do well going ahead. In first half of the year, its income rose from Rs. 2,354
crores to Rs. 2,910 crores, whereas profit was up from Rs.140.20 crores to Rs. 223.44 crores.
Consolidation is being seen in the stock after delivering multi-bagger returns. It can be invested in
on declines.
Finolex Industries (Rs. 549.00) (Code: 500940) :- The company makes pipes,
which are used in agriculture and a host of other sectors. Its market share is over 25%. Its shares
are listed in the A Group. They touched a 52-week high of Rs. 713 and low of Rs. 464. It had
reported muted numbers for FY 2018, but it has reported strong numbers for September quarter.
The quarterly income rose from Rs. 475 crores to Rs. 543 crores, and profit from Rs. 28.28 crores to
Rs. 76.42 crores. EPS was Rs. 6.16. Promoter holding in Finolex is 52.47%. Mutual funds hold
9.12%. It also pays attractive dividend, and has announced 100% dividend for 2018. Its equity is
Rs. 124.10 crores, whereas reserves are at 2,640 crores. One can invest in this stock with long
term view.
Supreme Ind. (Rs. 995.00) (Code: 509930) :- Shares of this plastic products com-
pany are listed in A Group, and have face value of Rs. 2. The shares touched a 52-week high of
1,489 and low of Rs. 945. The company processes more than 40,000 tonne plastic at its 25 manu-
facturing plants. It has four product categories, viz. Industrial products, consumer products, piping
products, and packaging products. Its products are exported in over 25 countries. It is also a lead-
ing player in moulded furniture segment. It aims to become a debt-free company in 15 months. It is
in the process of setting up two more plants. For September 2018 quarter, it reported 16% rise in
income at Rs. 2,581 crores, while profit surged 63% to Rs. 243.60 crores. The stock is trading a PE
multiple of 22.81.
Oberoi Realty (Rs. 445.00) (Code: 533273) :- The shares are listed in A Group, and
have face value of Rs. 10. The shares touched a 52-week high of Rs. 609 and low of Rs. 351. It is
expected to launch projects in Thane, Borivalli and Goregaon. The company has cash balance of
Rs. 2,500 crore, of which more than half is operating cash flow. A number of its projects are nearing
completion, which means its income will rise in the coming quarters. Its annual rent income is
pegged at Rs. 1,200 crores once a couple of its projects are commercialised. Oberoi Realty is
expected to benefit from implementation of RERA. For September quarter, it reported consolidated
income of Rs. 592 crores, which was 95% higher than last year, while net profit jumped 106% to
Rs. 212.66 crores. Anand Rathi Brokerage has given a 'Buy' rating with a target price of Rs. 600.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014 ; • I and / or
my clients may have investment in this stocks • I/My family have no financial interest or beneficial interest of more than 1% in the
company whose stocks I am recommending • Stop loss is useful for Short / Medium Term investor Only • Smart Investment will not
be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or may not be
substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
Financial Weekly

INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
Script-based rebounding spurt may

be witnessed in the market
BSE Index (36194.30):- It witnesses rebounding spurt from bottom of 34896.07. It shows over-
bought position on daily and weekly basis, while towards oversold position on monthly basis. On
upward movement, beyond 36390 it may go up to 36500, 36855, 37210 and 37560. On the down-
ward movement, below 36082 it may go down to 35946, 35785 with support at 35755. It is better to
book profit before assembly elections.
Nifty Future (10914.95) :- It is witnessing rebounding spurt after coming down to 10492.40. It
shows overbought position on daily and weekly basis, while towards oversold on monthly basis.
On upward movement, beyond 10950 it may go up to 11025, 11090, 11130, 11250 and 11300. On
the downward movement, below 10855 it may go down to 10800, 10747 with support at 10700.
Bank Nifty Future (26914.00) :- It witnesses rebounding spurt from bottom of 25956.90. It shows
oversold position on daily and weekly basis, while towards oversold position on monthly basis. On
upward movement, beyond 27035 it may go down to 27120 and 27375. On the downward move-
ment, below 26840 it may get support at 26600 and 26560.
Bajaj Finance (2537.70) :- it shows rebounding spurt from 1912.20. It shows overbought posi-
tion on daily and weekly basis, while overbought to neutral position on monthly basis. On upward
movement, beyond 2565 it may go up to 2590 and 2660. On the downward movement, below 2453
it may get support at 2425.
Escorts (704.70) :- It shows rebounding spurt from bottom of 636. It shows overbought position
on daily and weekly basis, while oversold on monthly basis. On upward movement, beyond 710 it
may go up to 717, 730, 741 and 755. On the downward movement, below 696 it may get support at
685.
Godrej Industries (549.45) :- It shows rebounding spurt from bottom of 434.50. It shows over-
bought position on daily and weekly basis, while oversold on monthly basis. On upward move-
ment, beyond 555 it may go up to 560 and 571. On the downward movement, below 535 it may get
support at 530.
Godrej Consumer (750.35) :- It shows rebounding spurt from bottom of 670.20. It shows over-
bought position on daily basis, towards overbought on weekly basis and oversold on monthly
basis. On upward movement, beyond 755 it may go up to 767, 785 and 798. On the downward
movement, below 738 it may get support at 731.
Kotak Mahindra Bank (1233.95) :- It shows rebounding spurt from bottom of 1098.45. It shows
overbought position on daily and weekly basis, while oversold position on monthly basis. On up-
ward movement, beyond 1240 it may go up to 1261, 1287 and 1315 level. On the downward move-
ment, below 1200 it may get support at 1180.
Golden quote :-
Followers will never know
how hard the leader tries to create path
Financial Weekly

INVESTMENT
Dilip Davda
e-mail Expert’s Eye
[email protected]
A clean sweep positive

week amidst all odds
Final week of November derivatives expiry though turned highly volatile, it surprisingly
marked positive session throughout the week and posted a clean sweek positive week. While
three states election process is on and the final outcome will be known only by second week
of December 2018, Till then, on "if and but" basis market will keep swinging both sides and
will get trigger from IIP, Economic data, RBI monetary policy, This week's positive trend is
attributed to FIIs turning net buyers as Dollar eased and Crude too mark sharp fall to recent
new lows. On home front, man corporate reported better H1 and kept market in stock specific
mode. With these mega weekly gain, Nifty and Sensex closed above upper sentimental
barriers of 10.85K and 36.1K respectively.
As can be seen from the table below, during the week, indices moved in the range of
10922.45-10489.75 and 36389.22-34896.07 for NSE Nifty and BSE Sensex respectively.
For the week, we witnessed net weekly GAINs of 350.00 points for NSE Nifty and 1213.28
points for BSE Sensex.
On Monday we marked strong upward movement following positive global cues. A sharp
decline in crude oil prices and firming up rupee boosted gains. Sensex ended above the
psychological 35,000 mark after both side movements in intraday trades. BSE Sensex, rose
373.06 points to close at 35,354.08. Nifty rose 101.85 points to end the day at 10,628.60.
Our markets ended with modest gains on Tuesday backed by firmness in index heavy-
weights. BSE Sensex, rose 159.06 points to end the day at 35,513.14. Nifty rose 57 points to
During the week close at 10,685.60.
dividend announcement
Esab India (900%), Indices marked gains on Wednesdayled by gains in index heavy-
Saven Techno (100%),
Aarey Drugs (1%) weights Infosys, TCS and Reliance Industries. Positive global cues
Ex-Split boosted investors sentiment. BSE Sensex, rose 203.81 points to
Britannia Ind turned (2 for 1)
close at 35,716.95. Nifty rose 43.25 points to end the day at 10,728.85.
Bonus Meet
White Organic (17.12.2018) Our markets mirrored a rally in global stocks on Thursdayafter
Financial Weekly

INVESTMENT
dovish comment by US Federal Reserve Chairman pushed up appetite for risk assets. A fall
in crude oil prices and a firmness in rupee also boosted investors' sentiment. BSE Sensex,
surged 453.46 points to end the day at 36,170.41. Nifty surged 129.85 points to close at
10,858.70.
Our markets advanced on Friday following ecent weakness in crude oil prices and strength
in Rupee. BSE Sensex rose 23.89 points to close at 36,194.30. Nifty rose 18.05 points to end
the day at 10,876.75. Despite wild swing both side, Nifty and Sensex managed to close the
week with new upper sentimental barriers of 10.85K and 36.1K respectively.
During the week dividend announcement came in from Esab India (900%), Saven Techno
(100%), Aarey Drugs (1%) etc.
During the week, Britannia Ind turned ex-split (2 for 1).
Dollar continued to slide to mark new recent low of Rs. 69.70 a dollar) and Brent Crude Oil
moved around 59.50$ a barrel by week end..Now all eyes will be on US-China trade war,
Brexit matter and Crude as well Dollar movements on global front and on domestic ground it
will be Auto, Cement sector dispatch data for November, RBI meet, IIP and other economic
data that will trigger the market sentiment. In between, Ifs and Buts for three states election
and moving number game expectations will have major bearings. Thus markets will mark
high volatile trades for a while. 7.1% GDP data for September 2018 ended quarter announced
post closure of market on Friday eve will have its impact on Monday opening coupled with
global happenings for week end.
Amidst such a scenario NSE Nifty and BSE Sensex may hover between 11300-10000 and
37500-33000 respectively for the ensuing week.
White Organic to consider bonus issue on 17.12.2018.
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 pur-
poses only and under no circumstances should be used for making investment deci-
sions. Readers must consult a qualified financial advisor prior to making any actual
investment decisions, based on information published here. Any reader taking deci-
sions 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 percep-
tions. Investors should bear in mind that any investments in stock markets are subject
to unpredictable market related risks. (THE AUTHOUR IS SEBI REGISTERED RESEARCH
ANALYST)
Financial Weekly

INVESTMENT
Scrip Watch - Dilip K. Shah
Apollo Tyres (Rs. 238.00) (Code : 500877) (F. V. : 1.00) :- Global investment
firm Jefferies turned bullish on tyre stocks with initiating coverage on Apollo Tyres with a buy call.The
research house sees earnings for tyre companies to be turning now and margins expanded from
current lows helped by lower raw material prices.Synthetic rubber, produced from petroleum-de-
rived hydrocarbons, is used in the tyre industry. So any fall or rise in crude oil prices has direct
impact on operational earnings of tyre makers.In last more than a month, Brent crude futures, the
international benchmark for oil prices, fell more than 30 percent to trade around $60 a barrel. The
research house expects Apollo Tyres stock will increase by 23.5 percent to Rs 290. The company
has kicked off commercial production of truck tyres at its European facility in Hungary. The Hungar-
ian facility will reportedly be equipped to produce 14,000 passenger car tyres and 1,200 truck tyres
daily in Phase I. Buy. Buy more at decline.
Aurobindo Pharma (Rs. 810.00) (Code : 524804) (F. V. : 1.00) :- Aurobindo
Pharma is well-poised to gain market share in US orals and will continue to benefit from a strong
FY2019 launch schedule with Sandoz deal adding to a strong FY2020/21 pipeline. Aurobindo
Pharma has been able to navigate the tough generic market in the US, given its diversified product
basket, differentiated portfolio, and new launches. The company, which is one of the few to have
significant presence both in the US and Europe, is expected to maintain its outperformance in the
coming quarters. Credit Suisse has maintained outperform call on Aurobindo Pharma with target
of Rs 840. According to it, there was a strong beat in US as strategy of higher inventory delivering
the results. Beat largely driven by volume gains in existing products which is likely to sustain.Citi
has also maintained buy rating in this stock with a target price of Rs.1030. Invest.
Akzo Nobel (Rs. 1575.00) (Code : 500710) (F. V. : 10.00) :- Paints and
coatings maker Akzo Nobel India has reported 5.42 per cent increase in standalone net profit at Rs
43.51 crore for the April-June quarter. It had posted a net profit of Rs 41.27 crore in the year-ago
period. Total income during the reported quarter stood at Rs 724.83 crore. It was Rs 728.61 crore
during April-June, 2017-18. The company said revenue for June quarter 2017-18 is reported inclu-
sive of excise duty while revenue for April-June of the current fiscal is reported net of GST. Reduc-
tion in GST rate for paints from 28 per cent to 18 per cent is expected to drive demand. Benefits
arising from rate reduction are being passed on to the customers. Stable volume growth in the
decorative segment as well as the industrial segment and raw material price inflation were the
highlights of the results for Akzo during the quarter. The stock is on consolidation mode for quite
some time. Now, as the festive season is near the corner, the stock will rally. Buy.
Astral Poly (Rs. 1044.00) (Code : 532830) (F. V. : 1.00) :- Global investment
firm CLSA has maintained its buy rating on Astral Poly Technik, the plastic pipe manufacturer, with
a price target of Rs 1,225 which implies 13 percent potential upside. Recently, it has acquired Rex
Polyextrusion Pvt. Ltd for Rs 147.50 crore ($21.4 million) in a cash-and-stock deal to expand its
product offerings.Astral will pick up a 51% stake in Rex Polyextrusion for Rs 75.2 crore in cash and
the remaining stake through a share-swap deal.Rex Polyextrusion makes corrugated and other
plastic piping solutions. Ahesives operating leverage benefits will drive margin expansion, CLSA
said, adding pipes business is showing steady growth. Astral Poly Technik has piping manufactur-
ing units at Santej and Dholka in Gujarat, Hosur in Tamil Nadu, Ghiloth in Rajasthan and Kenya. It
makes pipes for plumbing, industrial usage, drainage, fire protection and agriculture. The stock is
worth accumulation.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending • Stop loss is useful for Short
/ Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or
may not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
Financial Weekly

INVESTMENT
Market Tips - Dilip K. Shah
USL (Rs. 671.00) (Code : 532432) (F. V. : 2.00) : Shares of United Spirits (USL) hit
a five-month high of Rs 675 last week in an otherwise range-bound market, on the expectations of
higher volume growth in the current quarter. The stock was trading at its highest level since June
28, 2018. In past five-weeks, USL outperformed the market by surging 33% after the company
posted a strong 69% year-on-year jump in net profit at Rs 2.59 billion in September quarter (Q2FY19),
on the back of robust sales of its premium brands. In comparison, the S&P BSE Sensex was up 5%
during the same period.Diageo Plc-owned USL’s standalone operational revenue grew 14.7% to
Rs 71.28 billion from the same quarter a year ago. The healthy sales were driven by strong growth
in both the Prestige and Above and Popular segments, also benefitting from a relatively lower
base last year. Margin improved 313 basis points (bps) at 19.4%. The management expects the
election period to spring volumes surprise for the company. Buy.
Sharda Cropchem (Rs. 295.00) (Code : 538666) (F. V. : 10.00) :- SHCR is
engaged in activities of identifying new products and registration opportunities. Once these oppor-
tunities are identified, they immediately begin with the process of seeking registration from the
regional authorities. The entire manufacturing of the products is outsourced to vendors in China
which further helps them to mitigate the sourcing risk. It is able to maintain an asset light model
owing to non-investment in land, plant and equipment for research and manufacturing activities.The
company hase reported weak Q2 results. However, it has generated a healthy cash flow during the
first half of the year which has been utilised to pay off debts of around Rs 120 crore in order to
strengthen the balance sheet. With lower debt, interest cost, which saw a sharp surge in the quar-
ter, is expected to reduce. The stock has corrected sharply in the last 1 year and is currently 38
percent below its 52-week high. It is trading at a 2019e PE of 13.7x. China supply disruption has
been a major overhang on the stock. However, there is an expectation of some relief on that front.
Accumulate in phased manner.
Shaily Engg. (Rs. 899.00) (Code : 501423) (F. V. : 10.00) Shaily Engineering
: Shaily Engineering Plastics is a niche player that manufactures high-precision injection moulded
plastic components for some of the world's most well-known original equipment manufacturers
(OEMs). Exports constitute nearly 70-75 percent of the company's turnover.Shaily's 14-year long
relationship with a Swedish home furnishing major, should help it capitalise on the latter's aggres-
sive growth plans for the Indian market.This vertical is divided into 2 categories - medical devices
(insulin pens, dermatological pens) and primary packaging (Shaily licensed the rights to manufac-
ture and supply child-resistant closures and bottles since 2015).Shaily aims to achieve revenue of
around Rs 20 crore from sale of medical packaging goods by the end of this fiscal year. Competi-
tive intensity in the packaging space is low because of high compliance costs and intolerance of
errors. As a result, Shaily gets some leeway on the pricing front to maintain its margins.The stock is
near its 52-week low and risk-reward ratio is in favour of investors. Buy.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
Financial Weekly

INVESTMENT
SMART TIPS Smita N. Zaveri
Adani Gas (Rs. 98.00) (Code: 542066) :- Shares of this city gas distribution company
are listed in B Group. The recently listed shares touched a high of Rs. 115 and low of Rs. 70. The
Adani Group company has more than 70 CNG stations and over 4,50,000 customers. The shares
got listed earlier this month after the company got demerged from Adani Enterprises. The demerger
is aimed at unlocking value in the CGD business. Promoter holding is 74.92%. It operates in
Ahmedabad and Vadodara, besides Faridabad in Haryana and Khujarka in UP. It has recently
bagged licenses for 13 more geographical areas on its own, and a few more along with IOCL. The
company targets to have 1,000 CNG stations, and six million customers. The stock can be seen
touching Rs. 125 in the short to medium term.
NCC (Rs. 87.00) (Code: 500294) :- Shares of this construction and engineering com-
pany are listed in A Group. The shares touched a 52-week high of Rs. 141 and low of Rs. 63. It
executes housing, roads, water environment, irrigation, railway, power projects, etc. Promoter holding
in the company is 18.12% and public holding 81.88%. The company's order book stands at Rs.
33,000 crores after bagging Rs. 25,000 crore orders last year. For FY 2018, it reported turnover of
Rs. 7,675 crores and profit of Rs. 287 crores. For Q2 of FY 2019, it reported consolidated turnover
of Rs. 3,243 crores, 115% higher than last year. Quarterly profit rose by 4,170% from Rs. 3.01
crores to Rs. 122.51 crores. Its equity is Rs. 120.13 crores, debt Rs. 1,163 crores, and reserves of
Rs. 4,121 crores. The stock can be seen crossing Rs. 100 in the short term, and Rs. 125 in the long
term.
Lemon Tree (Rs. 67.00) (Code: 541233) :- Shares of this B Group listed hospitality
company touched high of Rs. 91 and low of Rs. 57 in the last 52 weeks. A lot of movement is being
seen in hospitality shares of late. Companies have reported good numbers for the second quarter
in view of favourable demand-supply situation. Occupancy rate was high in the September quar-
ter, and this is expected to remain the case in the next quarter. Traditionally too, the second half of
the year is better for this space than the first half. Lemon Tree had got listed in March by issuing
shares at Rs. 56. In just eight months, the share has delivered more than 60% returns. For Septem-
ber quarter, it reported 230 basis points rise in occupancy level and 3% rise in hotel room numbers.
It has also hiked room rates by 9%. Income for the quarter rose over 15% to Rs. 128.4 crores, while
profit was Rs. 6.5 crores. The company is expected to continue to report strong growth.
Rites (Rs. 266.00) (Code: 541556) :- Shares of this construction and engineering
sector company touched a 52-week high of Rs. 326 and low of Rs. 190. Promoter holding is 87.40%.
Promoted by Indian Railways, the company offers services as a consultancy organisation for trans-
port infrastructure and related technology. It also provides services for overseas projects. It under-
takes turnkey projects, and is also present in wagon production. Its clients include Railways, NTPC,
SAIL, HPCL, AAI, etc. It had raised Rs. 460.51 crores by issuing shares in June. For September
quarter, income was Rs. 433.26 crores, and profit Rs. 116.75 crores. Equity is Rs. 200 crores,
reserves Rs. 1,992 crores, and market cap Rs. 5,338 crores. The stock is trading at a PE multiple of
12. It can be seen crossing Rs. 300 in 6-9 months.
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 16th Nov.,2018 unless
specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though, every care has been taken,
we will not responsible for any errors / omissions • All disputes are subject to Ahmedabad jurisdiction
Financial Weekly

INVESTMENT
Smart super duper - Dilip K. Shah
Mahanagar Gas (Rs.833.00) (Code: 539957) :- The company set up in 1995 distrib-
utes CNG and PNG in Mumbai and surrounding areas. It owns 180 CNG pumps and is increasing
the number. It has network of 4464 km pipeline. The company had come up with IPO at price of
Rs421 last year. The stock prices have remained between Rs1174.90 and Rs757 during the year.
Usage of CNG and PNG will be on rise in future so the company may get benefitted from it. In the
first half of 2019, the company's sales increased from Rs1064.62 crore to Rs1315.85 crore, while
profit increased from Rs249.13 crore to Rs264.62 crore with EPS of Rs26.79. The company has
paid good dividend after IPO. It can be considered for investment for long term on downward move-
ment. FIIs, Insurance companies and DIIs have increased the holding in September quarter.
Precision Wire (Rs229.00) (Code:523539) :- The company is active in other indus-

trial sector. The stock prices remained between 345 and 185 during the year. It is one of the most
successful winding wires manufacturers of India. Its manufacturing capacity stands at 45000 ton. It
owns four manufacturing units and has presence in 18 countries. The client list includes BHEL,
ABB, Bharat Bijli, Bosch, Cummines, Greaves, Godrej, Siemens and Igarshi Motors. In September
quarter, the company's income increased from Rs306.78 crore to Rs431.83 crore, while profit in-
creased from Rs7.66 crore to Rs10.18 crore with EPS of Rs4.40. It paid 70% dividend in 2019,
40% interim and 50% final dividend in 2018 and 40% interim dividend for 2019. The company pays
good dividend to the shareholders in line with the performance of the stock. The stock can be
bought with long term investment plan.
EIH Ltd (Rs159.00) (Code:500640) :- The company's market capital is Rs11139 crore.
The promoters hold 35.25% and public hold 64.75% stake. In this company, Reliance Industries
Ltd holds 18.53% and ITC hold 14.98% stake. As against equity of Rs114.31 crore, the company
has reserves of Rs2768.48 crore. In first half of 2019, the company's income has increased from
Rs556.45 crore to Rs668.43 crore, while profit increased from Rs13.49 crore to Rs36.67 crore with
EP of 0.64. It has strong brands like Oberoi, Trident and Maiden Hotels. It also provides airport
restaurant, flight catering and other services apart from hotel services. The stock has gone up from
lower level within a year, but it witness correction in line with the stock market. It may give good
return in 6-12 months.
Radico Khaitan (Rs.414.00) (Code:532497) :- Liquor segment company is number

two in the country. As against equity of Rs26.66 crore, the company has reserves of Rs1130.19
crore. The promoters hold 40.38% and public hold 59.62% stake in the company. In September
quarter, the company's income increased from Rs448.19 crore to Rs517.65 crore, while profit in-
creased from Rs28.60 crore to Rs49.54 crore with EPS of Rs3.72. The company owns strong
brand named Magic Movement and is likely to benefit from changing lifestyle of people. It has been
in consolidation zone for quite some time but it may give good return in long term as the company's
financial performance is strong. It gave good return last year.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
Financial Weekly

INVESTMENT
Di wan-E-Khas A.J. Diwan (Mumbai)

E-mail : [email protected]
Crude, Rupee and FED helped markets

The end of November series of F&O was very positive. The BSE index surged 450 points
up and Nifty about 125 points. The news of increasing fuel production helped crude to crash
below $60.
Due to crude nosedived; Rupee also became strong against the dollar. Lastly FED deci-
sion to maintain rate helped U.S. markets to bounce back. The effect of this was seen in the
world markets. DOW also from below 25000 came up 500 points.
On Thursday our markets closed on high despite last day of F&O. On basis of closing of
Thursday, Nifty has resistance of 10865 and 10965. On lower side support is at 10700.
In coming days if Nifty march towards its resistance levels, we have to apply caution in
buying.
The states election results are on 11/12 so real trend will be decided thereafter.
In coming week we have positive view on SBI. The s/l is Rs.275. The best thing to short
Bank of Baroda gains purchase of SBI. The s/l for BOB is 212. The target is around Rs.195 or
so.
Reliance is marching towards 1200 mark. The s/l should be Rs.1125. Reliance is celebrat-
ing marriage of Mukesh Bhai Daughter.
Reliance capital: - The rise share price is an invitation to sell. In 2019 we expect share
price to come below Rs.200.
After change in nifty scrips, Adani port is not moving up. Last couple of days it moved up
fast. The resistance level is Rs 371/372. The fall below Rs.363 may be bad for the share.
Vadilal ICE-CREAM is no melting in winter? The last support is Rs.525 and than free fall.
In yes bank after Series of resignation of directors, Bank has lost investors confidence. In
worst days share may come to Rs.152 level. Jindal steel is not moving above Rs.157/158.
Keep that as s/l and short for the target Rs. 149.
Sun pharma also went down on Friday in spite of good news. We expect share price to
come to Rs. 450 level.
Financial Weekly

INVESTMENT
Financial Weekly
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Financial Weekly

INVESTMENT
Investment Ideas telegram.me/rupeegains7
NIFTY :- For next week NIFTY has strong support around 10825 levels. Break will take it to
10745-10700 levels. On the upper side NIFTY will face strong hurdle at 10945 levels, cross over
with volume and close above will create short covering at take NIFTY up to 11035 levels…
BANK NIFTY :- For next week BANK NIFTY has strong support around 26550 levels. Break
will take it to 26270 levels. On the upper side BANK NIFTY will face strong hurdle at 27010 levels,
cross over with volume and close above will create short covering at take BANK NIFTY up to
27205 levels…
INVESTMENT IDEAS…
TEXMACO INFRA & HOLDINGS LTD (505400 & NSE) (59.5) (Face Value Re.1) :- Stock has
given bullish break out on daily chart with volume. Something is cooking in this counter. Everyone,
whose financial advisor is allowing to trade in this stock for short term trading can watch with a stop
loss of Rs.57.
M & M FINANCIAL SERVICES LTD (532720 & NSE) (449) (Face Value Rs.2) :- Mahindra &
Mahindra Financial Services Limited is a subsidiary of Mahindra and Mahindra Limited, India's
largest tractor and utility vehicle manufacturer. Two decades ago, Mahindra and Mahindra Finan-
cial Services Limited commenced its journey in the rural non-banking finance industry. Over the
years, it has steadily diversified it's offerings and extended and deepened it's outreach. Mahindra
Finance is one of the leading Non-Banking Finance Companies (NBFCs), with customers prima-
rily in the rural and semi-urban area of India. Mahindra Finance is primarily engaged in providing
financing for auto and utility vehicles, tractors, cars, commercial vehicles and pre-owned vehicles.
Mahindra Finance also undertake mutual fund distribution, fixed deposit and personal loans tailor-
made for it's customers in semi-urban and rural India. It's subsidiary, Mahindra Insurance Brokers
Limited (MIBL), is in the business of distributing life and non-life insurance products through tie-
ups with the various leading insurance companies. In housing finance segment it has strength-
ened its operations in the states of Maharashtra, Gujarat, Rajasthan, Tamil Nadu, Andhra Pradesh,
Telangana, Chhattisgarh, Kerala, Karnataka, Madhya Pradesh, Uttar Pradesh, Uttarakhand and
Bihar. Through Mahindra Asset Management Company Private Limited (MAMCPL), it offers a va-
riety of mutual fund schemes pan-India, with special focus in rural and semi-urban areas. In addi-
tion, among other services, Mahindra Finance offers wholesale inventory financing to dealers and
retail financing to customers in the USA for the purchase of Mahindra Group products through
Mahindra Finance USA LLC, its joint venture with a subsidiary of the Rabobank group.
It has an equity capital of Rs.122.91crore and reserves of Rs.9856.87crore. The promoter holds
51.19%, FIIs hold 27.51%, Mutual Funds hold 12.09% while the investing public holds 8.85% stake
in the company.
Company has posted superb numbers for H1FY19. During Q2FY19, its PAT zoomed 132.54%
to Rs.381.39crore from Rs.164.02crore on 38.61% higher income of Rs.2103.27crore fetching an
EPS of Rs.6.21. For H1FY19, its PAT zoomed 78% to Rs.650.44crore from Rs.365.38crore in
H1FY18 on 33.61% higher sales of Rs.4029.11crore fetching an EPS of Rs.10.58. Currently, the
stock trades at a P/E of just 20.4x.
It is regular dividend paying company and it has paid 200% dividend for FY18. Everyone, whose
financial advisor is allowing to trade in this stock for medium to long term can watch with a stop loss
of Rs.400.
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

INVESTMENT
MARKET TREND NIKHIL BHATT

(+919979380808)
WWW.INVESTMENTPOINT.IN
PERIOD : 3-12-2018 to 7-12-2018
Dear Traders…. For the Trading Period on 03.12.2018 TO 07.12.2018

NIFTY FO CLOSED @ 10914 AS ON 30.11.2018
NIFTY FO Range @ 10888 TO 11011 Point In Short Term…!!!
NIFTY FO has resistance at 10947 - 10960 Point; above which other resistance levels are at
10993 - 11011 Point with highly Volatile Trend, In Downside support levels are at 10888 - 10860
Point; below 10860 Point, other support levels are at 10848 - 10830 Point.
I am positive for next bullish trend only above @ 110111 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
@ 11011 Point, again then the upper side target is quite high and it may touch @ 11033 Point in
short term...!!!
BANK NIFTY FO CLOSED @ 26914 AS ON 30.11.2018
BANK NIFTY FO Range @ 26707 TO 27027 Point In Short Term…!!!
BANK NIFTY FO has resistance at 27007 - 27027 Point; above which other resistance levels
are at 27107 - 27127 Point with highly Volatile Trend, In Downside support levels are at 26880 -
26808 Point; below 26808 Point, other support levels are at 26773 - 26707 Point.
I am positive for next bullish trend only above @ 27027 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 @ 27027 Point, again then the upper side target is quite high and it may touch @ 27107
Point in short term...!!
Golden Stocks For Trading For the date - 03.12.2018 to 07.12.2018
1. HDFC BANK (2129) : It is suggested to Buy @ Rs 2107 with SL of Rs 2096 for the target of Rs
2162 - 2170; below Rs 2096 it can fall up to RS 2090 - 2080 levels. If it crosses Rs 2170 level than
expect nonstop rally up to Rs 2188....!!
2. INDUSIND BANK (1645) : Trading point of view Buy @ Rs 1630 With SL of Rs 1616 for the
target of Rs 1657 - 1666 level below Rs 1616 It can show further downfall up to Rs 1609 …..!!!
3. HCL TECH (1022) : Buy @ Rs 1009 levels considering minor support of Rs 1003 and stop
loss of Rs 997 for an upper target of Rs 1037 - 1047 levels. Below Rs 997 it can slip up to RS 993
- 990 levels…!!!
4. AURO PHARMA (813) : Buy @ Rs 800 levels considering minor support of Rs 793 and stop
loss of Rs 788 for an upper target of Rs 823 - 830 levels. Below Rs 788 it can slip up to RS 783 -
780 levels…!!!
5. INFOSYS (672) : Buy @ Rs 660 levels considering minor support of Rs 657 and stop loss of
Rs 653 for an upper target of Rs 683 -688 levels. Below Rs 653 it can slip up to RS 650 - 647
levels…!!!
Cont.....
Financial Weekly

INVESTMENT
6. MAHAMAYA STEEL (67) : Delivery base Buy @ Rs 61 of this stock near @ Rs 57 with SL of
Rs 53 for the target of Rs 71 - 73 level. It is very good for medium term position also…!!!
7. VLS FINANCE (57) : This stock is looking very good to Buy @ Rs 52 with SL of Rs 50 for the
target of Rs 61 - 63 Levels below Rs 50 is stock shall witness free fall…!!!
8. ACC LTD (1491) : It is suggested to Sell with SL Rs 1503 for the target of Rs 1477 - 1470
below @ Rs 1470 it can slip up to Rs 1467 - 1460 level. Above Rs 1503 level will take the stock to
Rs 1509 - 1517…!!!
9. INDIGO (1045) : It is suggested to Sell @ Rs 1073 with SL of Rs 1088 for the target of Rs 1030
- 1023 ; below Rs 1023 it can fall up to RS 1013 - 1009 levels. If it crosses Rs 1088 level than
expect nonstop rally up to Rs 1093....!!
10. BIOCON LTD (623) : It is suggested to Sell with SL Rs 640 for the target of Rs 609 - 603
below @ Rs 603 it can slip up to Rs 597 - 590 level. Above Rs 640 level will take the stock to Rs
653 - 660..!!!
11. CIPLA LTD (540) : It is suggested to Sell @ Rs 557 with SL of Rs 563 for the target of Rs 527
- 520 below Rs 520 it can fall up to RS 517 - 513 levels. If it crosses Rs 563 level than expect
nonstop rally up to Rs 340....!!
Note: - Before Act Please refer Terms & conditions, Disclaimer on www.nikhilbhatt.in
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
Vakrangee 511431 32.00 A. U. Small 540611 568.00
R.Com. 532712 14.00 STAR 532531 484.00
NCC 500294 87.00 Aurobindo Ph. 524804 810.00
Munjal Auto 520059 60.00 Escorts 500495 704.00
Kesoram 502937 85.00 Ramco Cem. 500260 604.00
L&T Fin. 533519 144.00 Godrej Prop. 533150 659.00
Himadri Sp. 500184 131.00 Supreme Ind. 509930 994.00
Ashok Ley. 500477 112.00 United Spirit 532432 671.00
Hexaware 532129 323.00 Torrent Ph. 500420 1768.00
Subros 517168 274.00 Akzo Nobel 500710 1575.00
Jay Bharat Ma. 520066 320.00 SRF 503806 2160.00
Oberoi Realty 533273 445.00 Page Ind. 532827 26889.0
Mahanagar Gas 539957 833.00 Honeywell A. 517174 22151.0
Financial Weekly

INVESTMENT
Primary Market - Dilip K. Shah
SME IPOs rock in Calendar Year 2018: 133 companies created history
in last seven years by raising Rs22 billion
Volatility in secondary market tolls the death bell for mainboard IPO:
only half of the fund raised compared to last year
CPSE ETF gets robust response from the investors: Govt will get Rs17000 crore from subscription
No new issue announced: Last week's SME IPO of ICL Mult. and NCDs issue of JM Fin are in the market
Despite extended deadline ICL Multitrading gets only 10% subscription: It may flop
JM Fin NCDs issue has got Rs235 crore against target of Rs1000 crore: Poor response compared to June edition
• Reliance AMC's CPSE ETF got Rs 13300 crore bid from anchor investors
and Rs13840 crore bid from non-anchor investors
• Diksha Green and DRS Dilip SME IPO sailed through with difficulties:
Shubhlaxmi got 4 times subscription
Ahmedabad-based Gensol Engg will come up with Rs 20 crore IPO
ColdEx approaches SEBI to infuse new equity and also to sell stocks under OFS
Government plans Rs3800 crore issue to sell 3.28% stake in NTPC
Calendar Year 2018 is about to end just in a few days. The year will be remembered for many
events. Sensex and Nifty touched new heights. On the other hand, primary market rode the bullish
trend during the year.
Since January, 133 small and medium cap companies entered into the market with IPO to raise
Rs22 billion, which is the record in last seven years. Same number of companies entered into the
market in 2017 but 30% more money was raised from the market in 2018 compared to 2017. On the
other hand, high volatility in the secondary market has been the reason for death bells tolling for
mainboard IPOs. In 2018, 24 companies
CPSE - ETF FFO got overwhelming entered into the market to raise Rs310 bil-
response from INvestors and lion, which stood at 36 companies raising
established new records Rs671 billion in2017. Thus the performance
• This is the largest ever FFO by the government through of mainboard IPO in 2018 was merely 50%
ETF. of that in 2017 in terms of amount and num-
• The Rs 17,000 crore fund raised through CPSE ETF is more
ber of companies coming up with IPOs. SME
than the entire money raised by the government this
year through its disinvestment program. IPOs have been benefitted due to changes
• The 3rd CPSE ETF FFO oversubscribed 3.5 times at Rs. in policy by the government and the regula-
27300 crore tors resulting into arousing positive invest-
• Non-anchor book garnered close to Rs 13,840 crore
• Over 1.25 lakh application received. ment sentiment and development of SME
• Reliance MF is delighted to have partnered with the gov- eco-system. In the first six months of the year,
ernment in its largest ever follow-on fund raising. The a number of SME IPO entered into the mar-
Rs. 17,000 crore raised from disinvestment is also the larg-
ket, but in recent months, the uncertainty in
est ever equity fund offering through ETF in India,"
Cont...
Financial Weekly

INVESTMENT
BSE will set up new division for listing of Start-ups

It will get listed and traded as sub-segment of SME
BSE has come up with a new plan to attract startups. It will set up a new sub-segment under
SME for listing and trading of start-ups. This platform can be used by startups from I.T., I.T
Enabled Services, Biotechnology, LIfe Sciences, 3D Printing, Space Technology, E-Commerc,
Hitech Defence, Drone, Neno Technology, Artificial Intelligence, Big Data, Virtual Reality, E-
Gaming, Robotics, Genetics Engineering segments.
For listing, the start-up must be registered with SME Ministry or Department of Industrial Policy
and Promotion (DIPP). If it is not registered than the paidup capital must be minimum Rs1 crore.
The company must be 2 years old. Moreover, it must have QIB and angle investors or other
accredited investors for more than two years.
Positive net worth is must and promoters or directors must not have been banned by SEBI.
Moreover, startup must not have been referred to NCLT and NCLT must not have accepted any
petition against the company.
NSE SME IPO

Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size %
1. ICL 19-11-2018 21,00,800 Eq. 85 1600 Eq. Shares 26% High Risk
Multitrading 3-12-2018 (Rs. 17.86 Cr.) (Rs. 1,36,000) Low Return
* ICL Multitrading : Issue Extended to 3rd December, 2018 from 22nd November 2018 due to poor response from Investor
Subscription Figures of SME IPO (Dt. 30-11-2018) the market adversely affected the primary
IPO Listing Day Subscribed
market as a result a number of IPOs got can-
ICL Multitrading NSE SME 9th Day Subscribed 0.10x
Shubhlaxmi Jewel. NSE SME Closed on 27-11-2018 4.00x celled or postponed.
Diksha Green BSE SME Closed on 28-11-2018 1.01x
Since beginning of Vikram Samvat 2075,
DRS Dilip Roadlines NSE SME Closed on 30-11-2018 1.08x
mainboard IPOs have disappeared from the market. Sensex and Nifty have risen by 7%. In No-
vember Nifty was near 10900 level and Sensex was at 36000 level. Still, the promoters preferred to
stay away from the market. In near future the situation is not likely to improve due to results of
assembly elections in five states, Christmas vacation, absence of foreign investors in the market,
discounted listing of IPOs and poor response to number of IPOs.
However, SME IPO, NCDs issues and PSU disinvestment hold the fort in the primary market in
the new vikram samvat year. But currently no new SME IPO or NCDs issue have been announced.
* J.M Financial NCDs issue :- The issue opened on 20th November with based price of Rs250
crore and shelf limit of Rs1000 crore. It has got 0.94 times subscription or Rs.235 crore till Novem-
ber 30. It needs Rs765 crore more till December 20 to achieve the target. However, looking at the
response received by Manappuram Fin, it is not likely that the issue gets fully subscribed. In June,
JM Fin came up with NCDs issue which was closed before the scheduled closing date due to
robust response from the investors.
* ICL Multitrading - NSE SME IPO:- The issue with fixed price of Rs85 opened on November
19. The company aimed to raise Rs17.86 crore by offering 2100800 shares. However, the issue
scheduled to close on December 3 has got only 0.10 times subscription till now even after extend-
ing the subscription deadline.
Financial Weekly

INVESTMENT
Non Convertible Debenture (NCD) Issues at a Glance

Sr Company Issue Open Bond size F.Value Min. Listing Rating Recomm.
Issue Close (Rs. Cr.) (Rs.) App.
1. J.M. 20-11-2018 Base Size of Rs. 250 Cr. 1,000/- 10 NCDs BSE AA/Stable by ICRA
Financial 20-12-2018 withan option to Retain (Rs.10,000) and APPLY
Credit Oversubscription upto 1000 Cr. Lead manager : AA+/Stable by (Attractive
Solutions Aggregating upto Rs.1250 Cr. A.K. Capital, J. M. Financial India Rating Issue)
Edelweiss, Trust Investment
Subscription figure of There is high chances that the issue may flop, which may
J.M.Financial Credit Solutions
have negative impact on the market.
Category No. of BOnd Issue
Issue Closed Offered/ Subscribed * CPSE ETF issue :- As a part of PSU disinvestment, the
Reserved 30-11-18 government has launched the fourth round of Reliance AMC
Cat. I Institute 2,50,000 0.01x CPSE ETF Follow On Fund (FFO) issue with base price of
Cat. II Non Inst. 2,50,000 0.38x
Cat. III HNI 10,00,000 0.32x Rs8000 core and green shoe option of Rs6000 crore taking the
Cat. IV Retail 10,00,000 1.94x total value of the issue to Rs14000 crore. On the first day (No-
Total 25,00,000 0.94x
vember 26,2018), the issue got Rs13,300 crore bid from anchor
investors which is 5.5 times than the reserve quota. So the government has decided to retain
Rs17,000 crore instead of Rs14,000 crore.
It should be noted that CPSE ETF includes 11 PSUs. The issue opened for retailer on Novem-
ber 28 and close on November 30. It has got 3.5 times subscription, i.e.Rs27,300 crore. It has beat
the market expectations.
* SME IPO subscription:-
ICL Multitrading :- Despite extending the deadline for subscription it has got only 0.10 times
subscription so it may not sail through.
Shubhlaxmi Jewel :- Bhavnagar-based company's NSE SME IPO got 4 times subscription on
November 27.
Diksha Green :- BSE SME IPO was managed on the last day. It got 1.01 times subscription.
DRS Dilip Roadlines :- It was managed on the last day. It got only 1.08 times subscription on
November 30 and got closed.
* Insight into future issues:-
Gensol Engineering Ltd :- Ahmedabad-based Gensol Engineering provides Solar Advisory
and EPC services. It plans to come up with Rs20 crore public issue including fresh equity and
OFS. Gensol was set up by Anmol Singh Jaggi and Puneet Singh Jaggi. It has presence in 18
Shot in the arm states in India along with in Africa, Middle East and South East Asia.
Mode
Amt. The lead manager is Pantamoth Capital.
Raised
ColdEx Ltd :- Integrated food supply chain and distribution company
(Rs. bn)
Midhani IPO 4 has filed papers with SEBI for offering 10.10 lakh new equity shares
Bharat 22 ETF ETF 83 and 16,56,408 equity shares through OFS. It will get listed on BSE and
Rites IPO 5 NSE. Lead manager is Pantamoth Capitl.
IRCON IPO 5
Garden Reach IPO 3 NTPC Disinvestment :- The government plans to raise Rs3800 crore
Coal India OFS 52 through sales of 3.25% stake in NTPC. Last year it sold 6.75% stake.
CSPE ETF ETF 170 The government holds 61.77% stake in the company.
Total : 332 / Target : 800
Financial Weekly

INVESTMENT
Smart Best Buy S. N. Zaveri
BEML receives new contract, Buy

UPL : Arysta acquisition will benefit
HEG announces share buy back at Rs.5500 : Buy
Bajaj Fincance will be part of Sensex: Buy
Bata India : Stong foodhold in footwear market
BEML (Rs. 753.00) (Code : 500048) (F. V. : 10.00) : Bharat Earth Movers Limited
(BEML) has received contract from DMRC for supply of 378 metro coaches. BEML bagged the
contract to supply rolling stock on Metro corridors 2A, 2B and 7 at a cost of Rs 3,015 crore. It was
given at the lowest cost in the country at approximately Rs 7.98 crore per rake. BEML's net profit
rose 65.59% to Rs 16.89 crore on 6.44% increase in net sales to Rs 734.05 crore in Q2 September
2018 over Q2 September 2017. BEML was established in May 1964 as a public sector undertak-
ing for manufacture of rail coaches & spare parts and mining equipment at its Bangalore complex.
The stock has seen strong bounce back and has jumped from Rs.525 to Rs.750 plus level in just
one month. Buy this momentum stock.
UPL (Rs. 759.00) (Code : 512070) (F. V. : 2.00) : Recent decline in this stock gives
an opportunity to enter into the uptrend with a favorable risk reward at current levels.UPL is well
poised to benefit from the attractive prospects in Latin America Even more encouragingly, the com-
pany is showing a surprising performance in Europe, which should emerge as a major growth
driver over the medium term, especially post the Arysta LifeScience amalgamation. Among the
major crops in the aforementioned geographies, soybean (predominant in LATAM) and wheat
(predominant in Europe) have the highest opportunity size of USD8.2b and USD8.7b, respec-
tively. In Brazil, UPL primarily engages in soybean and maize (together account for 63% of the
country’s total plantation area) and Arysta in sugarcane and cotton (19% of the country’s total
plantation area). Moreover, UPLL has a strong presence in fungicides, while Arysta has a robust
platform of bio solutions and seed treatment in Brazil. The combined entity, thus, would become
the fifth largest agrochemicals player in Brazil, with ~10% market share (v/s UPLL’s current market
share of 4.5%). Over the longer term, the stock will be huge wealth creator. Buy.
HEG (Rs. 4182.00) (Code : 509631) (F. V. : 10.00) : Graphite electrode maker
HEG Ltd has announced a share buyback offer worth Rs 750 crore. HEG will buy back up to
13,63,636 shares, being 3.41 per cent of the total paid up capital of company for an aggregate
amount not exceeding Rs 750 crore. It will buy back at maximum Rs.5500 per share.The board has
cleared an investment proposal of Rs 1,200 crore to expand the graphite electrodes and related
products capacity by 20,000 tonne per annum (TPA).The existing capacity is 80,000 TPA. The
company’s plant at Mandideep near Bhopal in Madhya Pradesh is the largest single-site inte-
grated graphite electrode facility in the world. .Demand (for graphite electrode) within India is ex-
pected to grow at around 12-15% in the next 12 months. HEG Ltd has reported a 680 percent rise
in net profit for the quarter ended September 30, 2018. The stock is trading much below buy back
price. Buy.
Bajaj Finance (Rs. 2528.00) (Code : 500034) (F. V. : 2.00) : NBFC major Bajaj
Finance will be included in the 30-share BSE Sensex from December 24, 2018.Bajaj Finance
Cont...
Financial Weekly

INVESTMENT
shares feature among the fastest stocks in the last 5 years. The stock has multiplied wealth at a
price CAGR of a whopping 73% in the last 5 years. BFL is well positioned amidst tightening liquid-
ity for the NBFC sector. Funding from banks, money markets and deposits stood at 34 percent, 52
percent and 14 percent of its total borrowing respectively as at end September. Commercial pa-
pers (CPs) formed only 9 percent of total borrowings while around 14-15 percent of total borrow-
ings was raised through deposits. Management plans to increase the share of deposits to 23-25
percent over next two years.Bajaj Finance has been outperformer since last one decade, creating
a staggering alpha for the investors. The stock is worth accumulation.
Bata India (Rs. 1039.00) (Code : 500043) (F. V. : 5.00) : Footwear major Bata
India has reported a 29.77 per cent increase in its standalone net profit to Rs.55.66 crore for the
second quarter ended September 30, 2018 against a net profit of 42.89 crore in the corresponding
quarter in the year ago.Its total income stood at Rs.687.96 crore during the quarter as compared to
Rs.601.72 crore in the corresponding quarter last fiscal.Bata has built up growth momentum in the
second quarter with portfolio refresh across categories, and the company hopes to continue it as it
gets into the peak festival season. Keeping up with its commitment to provide a world class shop-
ping experience, Bata India continued the launch of its international 'Red Angela' stores in multiple
cities across India. With almost 50 new international design 'Red Angela' stores now open, it has
already started to yield positive results by way of footfalls and delighted customers. Invest.
(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
30th Nov., 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
Sensex-Nifty is at life highs

But Your portfolio is still down by 30-50% ???
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your loss making stocks into profitable ones ?
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Financial Weekly

INVESTMENT
Dalal Street Whispers - Dilip K. Shah
Reliance Communication (Rs. 14.00) (Code: 532712) :- The company has re-
ceived clearance from Supreme Court to sell its spectrum to Reliance Jio. Current can be seen in
the stock.
Chambal Fert. (Rs. 152.00) (Code: 500085) :- The company has started commer-
cial production at its 1.34 million tonne plant at Gadepan near Kota in Rajasthan. Movement is
going up in the stock.
Bajaj Fin. (Rs. 2,528.00) (Code: 500034) :- The RBI has recently eased the
securitization norms for NBFCs. This will help Bajaj Finance, and also companies like DHFL,
Bharat Fin., PFC, M&M Finance, among others.
ITI Ltd. (Rs. 94.00) (Code: 523610) :- The Cabinet Committee on Economic Affairs
has recently asked BSNL, MNTL and BBNL to give first priority to ITI Limited for their procurement
requirements. This will boost ITI's performance.
Responsive Ind (Rs. 93.00) (Code: 505509) :- The company's board is slated to
meet on December4 to decide on buyback.
Yes Bank (Rs. 169.00) (Code: 532648) :- The share had crashed 12% in the wake of
resignations of the chairman and three directors. The share crashed further after reports that Mor-
gan Credits and Yes Capital, which is the holding company of the bank, had taken loan from mu-
tual funds to invest in equity shares. The bank's promoter Rana Kapoor has denied this. The bank
has convened a meeting on December 13 to decide on the new chairman. This will have a positive
impact on the stock.
Kesoram Ind. (Rs. 85.00) (Code: 502937) :- The company plans to soon announce
sale of its loss-making tyre business to a strategic partner. The stock will remain in focus.
Hotel Leela (Rs. 16.00) (Code: 500193) :- The stock has become a circuit breaker
following reports that Thailand's Minor International plans to buy majority stake in the company for
Rs. 2.5 billion.
PVR (Rs. 1,438.00) (Code: 532689) :- The Rajinikanth-starrer 2.0 is receiving tremen-
dous response. The screen has been released in 10,500 screens worldwide, including 6,000 in
India. Stocks such as PVR, INOX, and Cinline will be in the limelight if the film turns out to be a
blockbuster.
Jaybharat Maruti (Rs. 320.00) (Code: 520066) :- The reduction in petrol and diesel
prices will benefit automobile segment and also auto ancillary shares. The company's margins will
also get a boost.
CEBBCO (Rs. 18.00) (Code: 533272) :- The board is slated to meet to December 1 to
discuss allotment of preferential shares.
MCX (Rs. 733.00) (Code: 534091) :- East Bridge Capital Markets Fund has acquired 4
lakh shares at an average price of Rs. 704.61.
INOX Leisure (Rs. 217.00) (Code: 532706) :- This multiplex chain has decided to
allot 64 lakh shares to its promoter Gujarat Fluorochemicals. Shine can be seen in the stock.
Himatsingka Side (Rs. 217.00) (Code: 514043) :- Templeton Mutual Fund has
Financial Weekly

INVESTMENT
increased in the company by 0.5%.
Mahindra Logistics (Rs. 534.00) (Code: 540768) :- Reliance Mutual Fund and
DSP have bought 14 lakh shares in recent days. The share will be in focus.
Monte Carlo (Rs. 388.00) (Code: 538836) :- Rajasthan Global Securities has bought
1,12,000 shares of this company at an average price of Rs. 373.73. Some movement can be seen
in the stock.
Subros (Rs. 274.00) (Code: 517168) :- CCI has approved Denso Corporation's pro-
posal to acquire 7% stake in Subros. Movement can be seen in the stock.
Asian Granito (Rs. 202.00) (Code: 522888) :- The board of this Gujarat-based
company is slated to meet on December 12 to decide on raising funds through preferential allot-
ment of shares.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
Nifty & Sensex Movement during the last week

NSE - Nifty Open High Low Close Diff
26-Nov-18 10568.3 10637.8 10489.75 10628.6 101.85
27-Nov-18 10621.45 10695.15 10596.35 10685.6 57
28-Nov-18 10708.75 10757.8 10699.85 10728.85 43.25
29-Nov-18 10808.7 10883.05 10782.35 10858.7 129.85
30-Nov-18 10892.1 10922.45 10835.1 10876.75 18.05
Net Weekly Gains 350
BSE Sensex Open High Low Close Diff
26-11-18 35,118.09 35,397.24 34,896.07 35,354.08 373.06
27-11-18 35,394.77 35,555.16 35,262.97 35,513.14 159.06
28-11-18 35,635.52 35,822.16 35,605.34 35,716.95 203.81
29-11-18 35,997.29 36,253.85 35,946.24 36,170.41 453.46
30-11-18 36,304.43 36,389.22 36,082.97 36,194.30 23.89
Net Weekly Gains 1,213.28
Financial Weekly

INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
[email protected]
Sensex Predictions : Dt. 3rd Dec. to 7th Dec.
" 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. "
03-12-2018 Monday :- " As Moon is in Virgo sign, there will be good movement in Bank
Nifty. " From opening till 11:40 overall Nifty will move from surface to positive. " From 11:40 to
13:20 Nifty will be down. " Between 13:20 and 14:30 Nifty will bounce back. " From 14:30 till 15:30
Nifty will move in a mixed pattern.
04-12-2018 Tuesday :- " Moon-Venus combination will bring positive movement in the
stocks of media, luxurious vehicles. " Do delivery based trade today. " From opening till 10:20 you
will not understand what to do, so do jobbing. " Between 10:21 and 11:33, Nifty will move slight
upside. " From 11:33 to 12:44 Nifty will move down step by step. " From 12:44 to 14:14 Nifty will
move up step by step. " Between 14:14 and 15:30 Nifty's graph movement will be like the letter W.
So, decide accordingly.
05-12-2018 Wednesday :- " From opening till 9:50 let the market get more stable. "
Between 9:50 and 10:15 Nifty will make an upward jump, but this time frame is small. " After 10:15
there will be sudden profit booking, but this will be temporary. " From 10:30 to 11:30, there will be
more movement in A Group stocks than Nifty. " Between 11:30 and the closing bell, do jobbing
with a margin of Rs 2, you will earn well.
06-12-2018 Thursday :- " There will be lot of unpredictability today and tomorrow. The
reason is four planets are there in the same place. " From opening till 9:50, Nifty will be up. " Short
Nifty around 10:00 and around 12:00 noon square off your trade. " Buy Nifty around 12:50, sell it
and exit around 14:30.
07-12-2018 Friday :- " Today too avoid Intraday as there is risk. " From 9:15 to 11:15, Nifty
will be up. " Between 11:15 and 13:15 Nifty will be down. " From 13:15 to 14:15 Nifty will be up. "
Between 14:15 and 14:45 Nifty will be down. " From 14:45 to 15:30, Nifty will be up.
Financial Weekly

INVESTMENT
REVIEW OF “SMART PLUS NEWS LETTER”

Amazing 26% RETURN SMART GAIN
FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
26-11-2018 High (%) 26-11-2018 High (%)
Supreme Ind. 971 1000 2.99 Indian Bank 225 232 3.11
BEML 751 787 4.79 Dr. Reddy 2607 2725 4.53
Ramkrishna Forg. 562 579 3.02 Glenmark 638 656 2.82
Reliance Ind. 1102 1186 7.62 Biocon 620 634 2.26
Vindhya Tele. 1675 2047 22.21 Aurobindo Pharma 789 814 3.17
Aarti Ind. 1469 1499 2.04 TCS 1816 2000 10.13
Pidilite Ind. 1154 1194 3.47 Super House 140 143 2.14
Vinati Org. 1478 1494 1.08 Cochin Shipyard 377 403 6.9
MCX 699 744 6.44 TAJ GVK 164 178 8.54
Dalmia Bharat 2388 2592 8.54 KNR Const. 190 196 3.16
Safari Ind. 741 759 2.43 Ahluwalia Cont. 310 314 1.29
Asian Paints 1313 1361 3.66 Indoco Remedies 206 238 15.53
Linde India 644 702 9.01 8 K Miles 144 181 25.69
Apollo Hospital 1214 1288 6.1 Suprajit Engg. 215 220 2.33
Zee Enter. 458 496 8.3 Orchid Hotel 120 133 10.83
Stovac 2604 2734 4.99 NCC 87 90 3.45
Cheviot Com. 725 753 3.86 MRPL 74 77 4.05
SKF 1870 1909 2.09 Oricon Ent. 31 35 12.9
Piramal Enterprise 2238 2265 1.21 Adani Gas 111 114 2.7
Indian Hotel 138 144 4.35 Hindustan Tin. 68 71 4.41
Indian Hume Pipe 310 319 2.9 Cambridge Techno 51 54 5.88
Apollo Tyres 220 240 9.09 Shivalik Bimetal 90 99 10
EIH Asso. 314 360 14.65 FACT 37 38 2.7
Exide Ind. 250 263 5.2 Reliance Chemotex 94 97 3.19
Adani Port 363 374 3.03 PTC India 79 82 3.8
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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

INVESTMENT
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Financial Weekly

INVESTMENT
Grand Success Story of

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

INVESTMENT
(2)
Date Stock Reco. Target Achi eved Return Date Stock Reco. Target Achieved Return
Rate (Rs.) Rate (%) Rate (Rs.) Rate (%)
27th Jan 17 IHTL 192 202 202 5% 30th June-17 PRIME URBAN 31.5 34-35 38.35 22%
2nd Feb 17 SUBE X 10.6 13-14 12.35 17% 4th July-17 PRIYA LTD 102 112- 140 117.5 15%
6th Feb 17 BGR ENERGY 138.5 175 183.4 32% 7th July-17 SUNFLAG IRON 41 51-55 87.8 114%
6th Feb 17 LAURUS LAB 538 625 640 19% 17th July-17 ORIENT BEVERAGES 175 181- 185 186.4 7%
14th Feb 17 AT LANTA 83 105 120.45 45% 18th July-17 ORIENT BEVERAGES 179 191- 195 STOP LOSS
16th Feb 17 PITTI LAMINATIONS 62 72-75 75 21% 24th July-17 TWL 121.5 155- 160 STOP LOSS
16th Feb 17 EON ELECTRIC 63.5 85-90 137.5 117% 28th July-17 REMSONS IND 82 110- 115 89.6 9%
28th Feb 17 KWAL IT Y 157 175- 185 167.95 7% 3rd August-17 NTC Ind 61 75-80 72.5 19%
1st March-17 SPARC 339 370- 385 446 32% 11th August-17 AGRITECH INDIA 59 - 149 153%
2nd March-17 KOPRAN 71 83-95 102.45 44% 11th August-17 E COPL AST 112 - STOP LOSS
8th March-17 AJMERA REALTY 197 250- 260 297.8 51% 11th August-17 BIMETAL BEARING 460 - 561.3 22%
10th March-17 CORDS CABLE 81.5 84-86 145 78% 18th August-17 PUDUMJEE IND 15 - STOP LOSS
15th March-17 ADANI ENTER 99.5 115- 120 160.7 62% 22nd Aug. SPARC 410 550 446 9%
17th March-17 GUJ THEMIS 48 53-55 55.5 16% 24th August-17 PATSPIN 27.5 31-33 30.3 10%
17th March-17 SHILCHAR TECHNO 380 450- 525 524.9 38% 29th August-17 BNR UDYOG 59.5 65 STOP LOSS
20th March-17 ELECTROSTEEL CAST 29.5 37-40 40.65 38% 30th August-17 NMDC 126.5 150 138.5 9%
24th March-17 ONWARD TECH 74.5 78-80 170 128% 30th August-17 J M FIN 128 150 191.6 50%
24th March-17 AVT NATURAL 37 39.5- 41 50.75 37% 1st Sep-17 VASWANI IND 15.5 17.5- 18 24.6 59%
29th March-17 SANKHYA INFO 58.5 70-75 69.7 19% 7th Sep-17 INDBANK MERCHANT 21.5 25-27 26.9 25%
31st March-17 MOLD-T EK 53.5 55-56 59.9 12% 14th Sep-17 COMPUCOM SOFT 17 20-21 19.4 14%
5th April-17 MTNL 25.75 31-35 27.1 5% 20th Sep-17 ORIENT CEM 162 190 182 12%
6th April-17 SARDA ENERGY 258 300 518.4 101% 22nd Sep-17 AKAR TOOLS 108 113- 115 117 8%
13th April-17 WEIZMANN 524 560- 570 1125 115% 27th Sep-17 PUDUMJEE PULP 26.85 29.5 28.5 6%
20th April-17 COMPUCOM SOFT 17.5 19.5-20.5 SL 28th Sep-17 SANGHI IND 98 125 137.2 40%
21st April-17 ALEMBIC 46.7 55-61 51.7 11% 3rd Oct-17 DHARNI SUGAR 32 35.5 39.75 24%
28th April-17 REL INFRA 595 700 SL 6th Oct-17 PDMJE PAPER 31 38-40 34.1 10%
28th April-17 DAMODAR IND 95 100 144 52% 13th Oct-17 BHAGYNAGAR 33 38-40 39.4 19%
2nd May-17 VIPPY SPINPRO 50 55-56 SL 19th Oct-17 W H BRADY 235 325- 350 288.9 23%
2nd May-17 DEEP IND 326 400 SL 23rd Oct-17 W H BRADY 255 325- 350 288.9 13%
15th May-17 TALBROS AUTO 175 210 224.7 28% 24th Oct-17 GSFC 147 170- 175 162.7 11%
2nd June-17 TATA GLOBAL 156 175- 180 231.25 48% 24th Oct-17 SPIC 42.5 50-53 48.5 14%
2nd June-17 PITTI LAMINATIONS 58.5 63-65 75 28% 25th Oct-17 DHARNI SUGAR 36 41-43 39.75 10%
15th June-17 ACE 69.5 81-87 95.3 37% 31st Oct-17 SURANA T & P 7.5 9- 10.5 9.3 24%
22nd June-17 MANAPPURAM 97.5 107- 130 112.55 15% 1st Nov-17 MANGALORE CHEM 78 90-95 81.6 5%
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Only Financial Weekly Published in

English & Gujarati Language

Editor : Dilip K. Shah

Phone : 079 - 2657 66 39

SMART 2nd Dec. 2018 to 8th Dec. 2018 2

Your soft Copy (E-mail Edition)

More detail about Subscription

E-mail Edition (Soft Copy) of Smart Plus News Letter

Combined Package for Weekly & News Letter

Contact : 079-26576639 (M) 9825006980

GAMC No. :1703/2018-20. Issued by SSP Ahd. Valid up to 31-12-2020

FII Activity (Rs. in Cr.)

Most Popular Webstie for the Stock Market Investors

SMART 2nd Dec. 2018 to 8th Dec. 2018 6

Smart Education - Yog Joshi

SMART 2nd Dec. 2018 to 8th Dec. 2018 7

Fundamental Analysis Technical Analysis

SMART 2nd Dec. 2018 to 8th Dec. 2018 8

Interest Check : Happynessfactory.in

The high price of delaying

SMART 2nd Dec. 2018 to 8th Dec. 2018 9

Buy or Sell, Confused ?

SMART 2nd Dec. 2018 to 8th Dec. 2018 10

Rapid Fire Stocks

- Kalpna J (Email- [email protected])

(Ring : 97690 37711) Twitter : @Kj_TechTrades

SMART 2nd Dec. 2018 to 8th Dec. 2018 11

TAJGVK Hotels & Resorts Limited

1) Upcoming month with full of events to boost the sales

SMART 2nd Dec. 2018 to 8th Dec. 2018 12

SMART 2nd Dec. 2018 to 8th Dec. 2018 13

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

SMART 2nd Dec. 2018 to 8th Dec. 2018 14

Commodities Chart & Levels

CRUDE OIL :- In last 2-month

GOLD :- Gold is in down trend only

SMART 2nd Dec. 2018 to 8th Dec. 2018 15

NRB BEARINGS LTD

SMART 2nd Dec. 2018 to 8th Dec. 2018 16

CENTURY ENKA LTD

Pune (Maharashtra) are equipped with state-of-the-art manufacturing technology.

88.45% to Rs.45.68cr against Rs.24.24cr on 31.11% higher sales of Rs.884.95cr fetching an

FY18. Currently, the stock trades at a P/E of just 6.5x.

returns in medium to long term.

SMART 2nd Dec. 2018 to 8th Dec. 2018 17

Things are improving

Ajanta Pharma: Buy

SMART 2nd Dec. 2018 to 8th Dec. 2018 18

NIFTY OVERCOMES BEARISH GAP

This Weeks Recommendations

SMART 2nd Dec. 2018 to 8th Dec. 2018 19

SMART 2nd Dec. 2018 to 8th Dec. 2018 20

Support Line On Nifty seems Final

SMART 2nd Dec. 2018 to 8th Dec. 2018 21

RISING STAR: (Continued from page 1)

SMART 2nd Dec. 2018 to 8th Dec. 2018 22

SMART 2nd Dec. 2018 to 8th Dec. 2018 23

Last Recommendation Review

SMART 2nd Dec. 2018 to 8th Dec. 2018 24

TECHNICAL TALK Dhananjay Kadam

Stocks to buy for handsome gains

Bata India (Close Price 1039) : Bata is the