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Axis Bank is the third largest private sector bank in India. The Bank operates in four
segments, namely treasury, retail banking, corporate/ wholesale banking and other banking
business. Axis Bank was incorporated in the year 1993 with the name UTI Bank Ltd. Axis
Bank is one of the first new generation private sector banks to have begun operations in
1994. The bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India
(SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), Gen-
eral Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India
Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance
Company Ltd.
The treasury operations include investments in sovereign and corporate debt, equity and
mutual funds, trading operations, derivative trading and foreign exchange operations on the
account, and for customers and central funding. Retail banking includes lending to individu-
als/small businesses subject to the orientation, product and granularity criterion. It also in-
cludes liability products, card services, Internet banking, automated teller machines (ATM)
services, depository, financial advisory services, and non resident Indian (NRI) services.
Cont...
Financial Weekly
Augmentation of equity share capital would enhance the bank’s ability to absorb large
write-downs on distressed asset exposures. Revenue and operating profit should see stron-
ger growth of 19% and 20% CAGR respectively over FY19-20E. It is expected to register
17% loan book CAGR over FY18-20E on account of strong retail segment growth. The bank's
focus on high rated corporate accounts and reduction in watchlist (1.8% of advances) to
strengthen its asset quality. Credit costs to remain elevated in 1HFY19E and normalize in
2HFY19E are likely to decline in FY20E, driving significant improvement in profitability. We
expect recovery in ROA and ROE of 90bps to 1.4% and 970bps to 15.4% respectively over
FY18-20E. The bank’s NII to post 21.7% CAGR over FY18-20E and NIM to stabilize at 3.6%
by FY20E. The stock is currently trading at 1.89x FY20E P/BV.
Axis Bank’s loan mix as of Q1FY19 consisted of corporate, retail segment and SMEs
contributing ~39%, ~48% and ~13% respectively. For Q1FY19, Axis Bank’s loan book stood
at ~Rs4.4 lakh cr; GNPA was at 6.52%; NNPA was at 3.09%; net interest margin was 3.46%
and capital adequacy ratio was at 16.71%.
Financial Weekly
As a leading provider of IT Solutions to the Telecom industry, the company committed to quality,
Tech Mahindra adds value to client businesses through well-established methodologies, tools
and techniques backed by its stringent quality processes. It is ISO 9001:2000 certified and is as-
sessed at SEI-CMMI Level 5. Tech Mahindra is a USD 4.1 billion company with 112,800+ profes-
sional across 90 countries, helping over 825 global customers including Fortune 500 companies.
Tech Mahindra’s business process outsourcing (BPO) arm is the ‘Business Services Group’
(BSG), with global presence in 15 countries and handling 300 million+ transactions annually.The
USD 17.8 Billion Mahindra Group is a global federation of companies employing more than 200,000
people in over 100 countries.
The group operates in the key industries that drive economic growth, enjoying a leadership
position in tractors, utility vehicles, after market, information technology and vacation ownership.
Financial Weekly
Medico Remedies (Rs. 94.00) (Code: 540937) (Market Lot: 1,200 shares)
:- Medico Remedies is a pharma formulations company. It makes formulations for anti-infective,
beta lactums, cephalosporins, anti-malarial, anti-retroviral, vitamins, antacids, and other supple-
ments. It has a strong product range. This future pharma giant should be ignored only at one's own
perils. Investors are advised to invest and just forget. The company had issued shares at Rs. 100 in
last February, and they are trading at a slightly lower price.
Vanta Bioscience (Rs. 119.00) (Code: 540729) (Market Lot: 1,500) :- Estab-
lished in 1995, Vanta Biosciences offers pre-clinical safety assessment services and pre-clinical
contract research organization to pharma, nutraceuticals, feed additive, biotech, agrochemicals,
cosmetic and other industries. It also offers risk assessment services for safety of Active Pharma-
ceutical Ingredients. As against the issue price of Rs. 50, the shares were listed on the exchange
at Rs. 51 on October 6, 2017. The shares touched a high of Rs. 124 and are now quoting at 119.15.
The allotted shares have been nearly cornered. The pharma research company seems to have a
bright future.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending • Stop loss is useful for Short
/ Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or
may not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152
Financial Weekly
SMART
BUY OF THE WEEK
Dark Horse
TRADNICAL STRATEGY
Email: nimesh@nimeshthaker.com, M. 9228237373
NIMESH THAKER, BARODA
Sebi Registered NO. : INH000005874
7744804098
Nifty & Sensex Movement during the last week
NSE - Nifty Open High Low Close Diff
04-Feb-19 10876.75 10927.9 10814.15 10912.25 18.6
05-Feb-19 10908.65 10956.7 10886.7 10934.35 22.1
06-Feb-19 10965.1 11072.6 10962.7 11062.45 128.1
07-Feb-19 11070.45 11118.1 11043.6 11069.4 6.95
08-Feb-19 11023.5 11041.2 10925.45 10943.6 -125.8
Net Weekly Gains 49.95
BSE-Sensex Open High Low Close Diff
04-02-19 36,456.22 36,622.77 36,225.48 36,582.74 113.31
05-02-19 36,573.04 36,727.83 36,495.83 36,616.81 34.07
06-02-19 36,714.54 37,005.25 36,680.88 36,975.23 358.42
07-02-19 37,026.56 37,172.18 36,898.80 36,971.09 -4.14
08-02-19 36,873.59 36,885.58 36,480.62 36,546.48 -424.61
Net Weekly Gains 77.05
Financial Weekly
Nifty Overview : In Last Trading Session, Nifty closed at 10945. Last week we suggested to buy Nifty
in dip ard 10800 levels and we got chance to enter around 10830 levels and Nifty then made high of 11142.
Now Nifty will be positive above 11100 levels until then it would be in a range. If Nifty goes down below to
10800 levels then would be more negative and can go down till 10650 levels.
Bank Nifty Overview : In Last Trading Session, Bank Nifty closed at 27305. Last week we had sug-
gested that if it goes above 27300 then will be positive and it indeed touched 27646 levels. Now Bank Nifty
would be positive above 27450 levels. If Bank Nifty goes below 27150 levels then will be more negative.
Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
DHFL 511072 108 103/105 110 115 99
HDFC Bank 500180 2121 2110/2115 2130 2150 2095
Idea 532822 29.85 32 34 36 29.85
Tata Motors 500570 183 176/180 188 198 168
Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Divis Labs 532488 1689 1720/1725 1705 1690 1735
Havells 517354 745 775/780 755 735 792
Infy 500209 763 780/785 765 745 794
Tech Mah 532755 809 828/835 818 805 842
Wipro 507685 373 384/388 373 360 396
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
Cont....
Financial Weekly
In other word we discuss this pattern on the basis of trading psychology, where all were
thinking of the bullish atmosphere in market and next to next bullish candle was formed in
candle stick chart, all of sudden some seller are entered in the market and make session close
in negative manner in spite of heavy buying reported in last few session, this is the turning
point of the market where bullish sentiment will going to change in bearish sentiment in near
future and if it supported by healthy bearish candle so its confirmed that now sellers will going
to take control over the coming session.
Hope you find this article inertsting, next time we will discuss some another inertsting topic
related to candlestick pattern.
Financial Weekly
TCS LTD
(532540 & NSE) (2062.75) (FV 1)
Tata Consultancy Services is an lT ser-
vices, consulting and business solutions
organization that has been partnering with
many of the world's largest businesses in
their transformation journeys for the last fifty
years. A part of the Tata group, lndia's larg-
est multinational business group, TCS has
over 417000 of the world's best-trained con-
sultants in 45 countries. For Q3FY19 the
company posted strong numbers with in-
come rising to Rs.37338crores from
Rs.30904crores and net profit rising to Rs.8105crores from Rs.6531crores in corresponding pe-
riod of the last year. Growth exceeded 20.8% in top line and 24% in bottom line. Company has
reported 12.1% constant currency revenue growth which is highest in 14 quarters. During Q3FY19,
its digital revenue growth zoomed 52.7%.
The stock made an all-time high of 2275 in October 2018 and from there it corrected to 1784
before gradually rising to current market price over 4 months. The MACD indicates BUY on
Daily, Weekly and Monthly charts, Super trend Indicates BUY on Daily and Monthly Chart, Para-
bolic SAR indicates buy on Daily and Weekly Chart. Stock is trading above 5, 10, 20, 30, 50 and
200 Day Exponential Moving Averages. The stock can be bought at every decline with a target
of 2350 in next 9 to 12months.
Cont...
Financial Weekly
INFOSYS LTD
(500209 & NSE) (760) (FV 5)
Infosys is a global leader in next-gen-
eration digital services and consulting.
Company enables clients in 45 coun-
tries to navigate their digital transforma-
tion. INFOSYS has over 225501 of con-
sultants in its team.
For Q3FY19 the company posted net
consolidated income of Rs21400crore
and net profit rising to Rs.3609crores.
The quarterly EPS stand at Rs.8.30.
Company has reported 10.1% constant
currency revenue growth on YoY basis
and 2.7% on QoQ basis. During Q3FY19, its digital revenue growth zoomed 33.1%. Company
has announces buyback under open market route of Rs.8260crore at a Maximum price of Rs.800
per share. After making it previous 52 week high of 750 in October 2018 and the stock corrected
to 599 in November 2018.The Stock took support of its 15 Month Exponential Moving Average
and rebounded sharply to form a new 52 week high of 769. Stock is trading above its 5,10,20,30,
50 and 200 EMA on Daily, Weekly and Monthly Chart. The ADX, MACD and PSAR indicate buy
on Daily, Weekly and Monthly Chart. The stock can be bought at every decline with a target of
850 with a time frame of 12 to 15 months.
Adani Ports (Rs. 330.000 (Code: 532921) :- Shares of the country's largest private
ports company are listed in A Group. The shares touched a 52-week high of Rs. 423 and low of Rs.
293. For the December quarter, the Adani Group company reported 42% rise in net profit at Rs.
1,419 crores. It had reported profit of Rs. 1,001 crores in the same period last year. Its income went
up from Rs. 2,925 crores last year to Rs. 3,169 crores this year. APSEZ reported double-digit
growth in cargo traffic across commodities such as coal, container, and other bulk categories in the
first nine months of the financial year. The company may achieve cargo traffic of 20 crore tonnes
this year. Its flagship Mundra port recorded 6% traffic growth, while Hazria and Dahej showed 15
and 20% growth respectively. The stock looks poised to touch Rs. 400 in the short to medium term.
Garware Technical Fibres (Rs. 1,036.00) (Code: 509557) :- Established in
1976, Garware Technical Fibres is a pioneer in synthetic cartridge industry in India. It is consid-
ered the largest producer of polymer cartridge in the world. It has clients in 75 countries. Its shares
are listed in the B Group. The shares touched a 52-week high of Rs. 1,358 and low of Rs. 880. its
market capis Rs. 2,456 crores. Its equity is Rs. 21.88 crores, whereas it has reserves are at Rs. 515
crores. For the first six months of the year, its income went up from Rs. 448 crores to Rs. 506 crores,
while profit rose from Rs. 54.14 crores to Rs. 64.30 crores. EPS for the first half was Rs. 29.38.
Promoter holding is 50.7%, while FIIs and MFs hold 4.83% and 1.82% respectively. The stock is a
good investment bet. It will announce December quarter results on February 13.
HIL (Rs. 1,797.00) (Code: 509675) :- This cement sector company's shares are listed
in B Group, and have face value of Rs. 10. The shares touched of high of Rs. 2,600 and low of Rs.
1,485 in the last 52 weeks. A part of the CK Birla Group, the company was earlier known as
Hyderabad Industries. The company provides building solutions. Its products include roofing solu-
tions, panels, wall blocks, plywood substitutes, pipe fittings, etc. It employs over 20,000 people in
41 plants across different continents. For FY 2017-18, it reported income of Rs. 1,325 crores and
net profit of Rs. 80.75 crores. For September quarter, income was Rs. 307 crores and profit Rs.
26.85 crores. Operating profit margin was 17.24%, and net profit margin 8.74%. The stock can
deliver 30 to 40% returns in the short to medium term.
CDSL (Rs. 212.00) (NSE) :- The shares are listed on NSE. The shares touched a 52-
week high of Rs. 333 and low of Rs. 204. Promoter BSE holds 24% stake in the company, and the
remaining 76% is with the public. HDFC Bank and other banks are among the large shareholders.
CDSL is one of the two depository services providers in the country. The company had issued
shares at Rs. 149 apiece at the time of its IPO in June 2017. The shares had had a good listing, and
had risen sharply. However, the shares had corrected from the highs, and have stabilised around
current levels for a long time. For December quarter, its income declined from Rs. 51.11 crores to
Rs. 46.17 crores, while profit went up from Rs. 25.40 crores to Rs. 28.46 crores. For the first nine
months, income rose from Rs. 139 crores to Rs. 144.6 crores, and profit from Rs. 77.71 crores to
Rs. 80.64 crores. The stock is quoting at a PE multiple of 21. The stock has been in consolidation
mode for long, and looks attractive at current levels.
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
Golden quote :-
Life is the art of drawing without an eraser
Financial Weekly
Dilip Davda
e-mail Expert’s Eye
dilip_davda@rediffmail.com
Financial Weekly
Every Sunday Every Wednesday
Nestle India (Rs. 11278.00) (Code : 500790) (F. V. : 10.00) : Nestle India stock
hit a record high of Rs 11,777 on last Thursday in anticipation of strong earnings growth for the
year ended December 2018 riding on the back of market share gains. The third largest consumer
staples company by market capitalisation will announce its December quarter results on February
14. Nestle is winning back market share in its core categories on the back of increasing focus on
distribution, product launches and strong media campaigns and is the most preferred stock in the
sector. Nestle has superior return ratios and deserves a premium for its diversified product portfolio
and access to brands and technology from the parent firm. Buy.
Grasim (Rs. 718.00) (Code : 500300) (F. V. : 2.00) : Aditya Birla Group firm
Grasim Industries on Thursday reported a consolidated net profit of Rs 1,144.44 crore for the third
quarter ended December 2018. It had posted a net profit of Rs 786.87 crore during the October-
December period a year-ago.Total income during the quarter stood at Rs 18,591.13 crore. It was
Rs 15,343.93 crore in the corresponding period of the previous fiscal. However, the results are not
comparable with the previous corresponding periods" due to merger of Binani Cement in the
company.Its revenue from cement business during the quarter was Rs 9,389.62 crore. It was Rs
7,900.38 crore in the corresponding quarter a year ago. While viscose staple fibre (VSF) was at Rs
2,616.66 crore. It was Rs 2,187.54 crore. Revenue from its chemicals, caustic soda and allied
chemicals, was at Rs 1,558.54 crore. Financial services contributed Rs 3,741.10 crore. 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
Karnataka Bank (Rs. 115.00) (Code : 532652) (F. V. : 10.00) : Karnataka Bank
has network of 829 branches and 1,544 ATMs including 280 recyclers in 551 centers is spread
across Karnataka, Andhra Pradesh, Maharashtra, Tamil Nadu and Delhi. Its Business expanded
15% to Rs 117102 crore end December 2018 over a year ago, driven by a strong 17% growth in
advances to Rs 51961 crore. The margins increased to around 3% level over the last couple of
year from 2.5% earlier. The current-account-savings-account (Casa) deposits ratio has been main-
tained at 26-28% since the last few quarters compared with below 25% end December 2016. The
aim is to bump up the Casa ratio to 29-30% in the next two to three years. The capital adequacy
ratio of 11.98% and Tier I capital of 10.41% are well above the minimum regulatory requirement.
The asset quality has been stable, with the net non-performing asset (NPA) ratio at 3%, while the
gross NPA ratio declined to 4.45% end December 2018 from a peak of 4.92% end March 2018. Net
profit jumped 32% to Rs 415.51 crore in the nine months end December 2018 over a year ago. Net
interest income moved up 8% to Rs 1424.24 crore, while non-interest income rose 8% to Rs 711.37
crore.The BV stood at Rs 191.4 per share end December 2018. Buy.
Cyient Ltd. (Rs. 604.00) (Code : 532175) (F. V. : 5.00) : Engineering and
software services company Cyient’s board has considered and approved buyback of shares of
Rsv5 at a price not exceeding Rs 700. It has pegged the cost of the buyback of about 28.75 lakh
shares, which forms about 2.54% of its paid-up equity shares, at an aggregate amount not exceed-
ing Rs. 200 crore. Meanwhile, Cyient Ltd has signed a definitive agreement to acquire the 26%
stake it did not already own in Cyient DLM Pvt. Ltd (formerly Rangsons Electronics Pvt. Ltd), its
electronics system design and manufacturing unit. Cyient will pay Rs 42.5 crore for this buyout. By
acquiring the balance 26% stake, Cyient and its nominees will get 100% ownership in Cyient
DLM. The acquisition is part of Cyient's S3 (services, systems and solutions) strategy to expand
into high-technology and high-value, design-led systems and solutions.The stock has been in con-
solidation mode for quite sometime. Now, buy back will lift the stock. Buy.
HCL Technologies (Rs. 1065.00) (Code : 532281) (F. V. : 2.00) : HCL
Technologies Ltd has reported a nearly 26% jump in third-quarter profit, boosted by strong perfor-
mances in its software services business.Net profit for the three months ended 31 December 2018,
stood at Rs. 2,605 crore ($366.49 million), compared with a profit of Rs. 2,075 crore in the year-ago
period. The company maintained its forecast for full-year revenue growth in a range of 9.5%- 11.5%
in constant currency terms.HCL Tech’s dollar revenue improved sequentially to $2.2 billion in the
quarter, while revenue grew 10.8% year-on-year (y-o-y). In constant currency terms, the company’s
revenue rose 5.6% on a sequential basis. Operating margin fell marginally by 30 basis points from
19.9% to 19.6%. HCL Tech’s growth continues to be driven by higher business from its infrastruc-
ture management services unit, besides revenue from its acquisition strategy.HCL Tech expects
its full-year revenue for 2018-19 to grow at the upper-end of its guidance of 9.5-11.5%. Invest.
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
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
NIFTY :- For next week NIFTY has strong support around 10885 levels. Break will take it to
10815 levels. On the upper side NIFTY will face strong hurdle at 11045 levels, cross over with
volume and close above will create short covering at take NIFTY up to 11120-11170 levels…
BANK NIFTY :- For next week BANK NIFTY has strong support around 27150 levels.
Break will take it to 26890 levels. On the upper side BANK NIFTY will face strong hurdle at 27485
levels, cross over with volume and close above will create short covering at take BANK NIFTY up
to 27590-27710 levels…
INVESTMENT IDEAS
INDRAPRASTHA MEDICAL CORP. LTD (532150 & NSE) (37.6) (Face Value: Rs.10) :- In-
corporated in 1988, Delhi based Indraprastha Medical Corporation Limited provides medical ser-
vices. It is having hospital in Delhi.
It has an equity base of Rs.91.67crore that is supported by reserves of around Rs.140.64crore.
The Promoters hold 51% (Apollo Hospital group hold 25% and Government of India hold 26%),
HDFC holds 6.71% stake while the investing public holds 42.29% stake in the company.
Company has posted superb numbers for Q3FY19 & 9MFY19. During Q3FY19, its net profit
zoomed 29.04% to Rs.7.12crore from Rs.5.52crore in Q3FY18 on higher income of Rs.198.20crore
in Q3FY19 fetching an EPS of Rs.0.78. During 9MFY19, its PAT soared 37.11% to Rs.21.28crore
from Rs.15.52crore in 9MFY18 on higher income of Rs.587.75crore fetching an EPS of Rs.2.32.
Company has reported higher PAT in 9MFY19 than FY18. Stock is trading at P/E ratio of just 12.6x
which is cheapest against all peers.
IMCL is a regular dividend paying company and it has paid 15% dividend for FY18. At the
current share price of Rs 37.6 this result in a dividend yield of 4% which is highly attractive. Its 52
week high rate is Rs.59.9. Stock almost corrected 37% from 52 week high.
Government has announced Ayushman Bharat health insurance scheme in September 2018
and till December-18 more than 6.95 lakh people benefited from this scheme and 68% patients
have treated in private hospitals. Government has spent Rs.935crore till now. This figure clearly
indicates that, this scheme is beneficiary for private hospitals. Apollo Hospital is trading above
38% from its 52 week low price while IMCL is available near 4 year's low price.
Everyone, whose financial advisor is allowing to trade in this stock for medium to long term can
watch with a stop loss of Rs.32.
ITI LTD (523610 & NSE) (96) (Face Value Rs.10) :- ITI Ltd is a PSU under Dept.
of Telecommunications (DoT) offering diverse suite of products & services across various industry
segments. ITI has 5 facilities with modern manufacturing infrastructure located at Bengaluru,
Mankapur, Naini, Palakkad & Raebareli and a R&D centre in Bengaluru. As on 31st December
2018 Company has an order book of Rs.12111crore. Company will announce its Q3 numbers on
11th February. Everyone, whose financial advisor is allowing to trade in this stock for short term
can watch with a strict stop loss of Rs.94.
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
The Government is in haste for disinvestment of 35 central units to reduce the deficit
MSTL has filed prospectus with SEBI for selling 17,60,000 shares of MSTL:
IREDA may also come up with IPO
This week three BSE SME to enter into the market
Rs10.22 crore IPO of Anmol (I) and Rs1.30 crore IPO of Jonjua Over will open on February 12
Kranti Ind's IPO with fixed price of Rs37 will open on February 14 and close on February 20
Manappurm Fin's NCDs issue gets poor response: Has got 0.25 times response till now
IB Consumer Fin's Rs3000 crore NCDs issue gets good response with 1.13 times subscription
Last week two SME IPOs got listed
Chalet Hotel's mainboard IPO got listed with 4% premium: stock prices spurt
Xelpmoc Design's mainboard IPO got listed with discount but prices recovered after listing
Surani Steel's BSE SME IPO got listed with premium and stock prices shots up
Ritco Logistics IPO got listed with premium but stock prices are in discount at present
Two mainboard IPOs of Xelpmoc Design and Chalet Hotels and NSE SME IPO of Surani Stell
Tubes and BSE SME IPO of Ritco Logistics have got listed. Of all four IPOs only Xelpmoc Design
IPO got listed with discount.
Two NCDs issues that of Manappuram Fin and Indiabulls Consumer Fin are still into the mar-
ket, of which the former has got poor response till now.
With listing of two mainboard IPOs, the primary market has become inactive as no new an-
nouncement has been made. The response received by two IPOs shows that the small investors
are not interested in the market. Unless and until the mainboard IPOs get listed with higher premi-
ums the retail investors are not likely to re-enter into the market.
In absence of mainboard IPOs, SME IPOs keep the momentum going in the market. Currently,
three SME IPOs - Anmol (I), Jonjua Overseas and Kranti Ind have been announced and one more
IPO from Mindpool Technologies may enter the market soon.
* Last week's IPO listing:-
• Mainboard IPOs:
Xelpmoc Design (542367) :- The mainboard IPO with offer price of Rs66 got listed on February
4 at price of Rs56 and went up to Rs58.80 and down to Rs56 before closing at Rs58.80. It should
be noted that despite bad sentiments in the market on Friday the stock prices shot up to Rs71.30,
which shows good premium against offer price.
Chalet Hotels (542399) :- The mainboard IPO with offer price of Rs280 got listed on February 7
ADAG Group's shares crumble due to bad sentiment about the company still....
Anil Ambani's Reliance General Insurance hopes
success of its re-filed IPO of Rs1500 to Rs 200 crore
The market sentiment is A Ray of Hope Rough Weather
quite negative about ADAG Weak Stocks of ADAG M. Cap 1 Yr.
shares. However, Anil Earlier Now
(Rs. Cr.) Change
Ambani's Reliance General Motilal Oswal Motilal Oswal
Reliance Nippon MF 8036 -51%
Insurance company is all set Credit Suisse Credit Suisse Reliance Infrastructure 5976 -49%
for IPO re-filing. The company Edeliwess Edelweiss Reliance Power 4797 -59%
had got nod for IPO but it was UBS Citic CLSA Reliance Capital 3834 -65%
postponed due to bad market Haitong Haitong Reliance Communication 2088 -71%
sentiments. IDBI Capital Insudind Reliance Home Finance 1475 -59%
Reliance Naval 743 -74%
Reliance General Insurance has got approval from IRDAI
Total 26948 -58%
and it will have to get nod from ROC and SEBI. However,
the insurance company's performance has been good so the IPO may sail through. The issue
size is likely to be Rs1500 crore to Rs2000 crore. The company has changed some investment
bankers. It has replaced UBS with Citic CLSA, IDBI Captial with Indusind. However, bankers
have not been changed. The bankers include Motilal Oswal, Credit Suisse, Edelweiss, IBS and
Haitong. Along with fresh equity, the issue will also include OFS from Reliance Capital. It should
be noted that in October 2017, ADAG's asset managers IPO of Rs1540 crore got 80 times sub-
scription.
Gujarat-based company's NSE SME IPO with offer price of Rs52 got listed on February 6 at nomi-
nal premium of Rs53.50 and went down to Rs50.45 before closing at Rs53.25. It closed at Rs56.90
on Friday.
Ritco Logistics (542383) :- The issue with offer price of Rs73 got listed on BSE SME at price of
Rs77.40 and closed at Rs73.55. It closed at discounted price of Rs72.90 on Friday.
* This week's SME IPOs:-
Currently, three SME IPOs - Anmol (I), Jonjua Overseas and Kranti Ind have been announced
and one more IPO from Mindpool Technologies may enter the market soon.
Anmol (I) :- The company's IPO will open on February 12 which will offer 31 lakh equity shares
at fixed price of Rs33 a share to raise Rs14.23 crore. It will get listed on BSE SME platform. More
details and recommendations are given in separate box.
Jonjua Overseas :- The company will offer 13 lakh shares at price of Rs10 a share to raise
Rs1.30 crore. The small issue will open on February 12 and close on February 15. More details
are given in separate box.
Kranti Industries :- The company will offer 23.29 lakh shares at price of Rs37 a share to raise
Rs8.56 crore. More details will be given next week.
Mindpool Techno :- NSE SME issue will offer 15 lakh equity shares soon. More details will
be given next week.
* This week's NCDs issues:-
• Manappuram Finance :- The issue with base price of Rs150 crore and shelf limit of Rs1000
crore opened on January 28. However, it has got only 0.25 times subscription so getting full
subscription seems difficult for the company.
• Indiabulls Consumer Fin :- The issue with base price of Rs250 crore and shelf limit of
Rs3000 crore opened on February 4. It has got 1.13 times subscription as on February 8. It has
Financial Weekly
ISGEC Heavy Engg. (Rs. 5,041.00) (Code: 532832) :- The board of this industrial
machinery manufacturer will meet on February 9 to finalise Q3 results, to decide on interim divi-
dend and stock split.
Reliance Industries (Rs. 1,277.00) (Code: 500325) :- The stock has been on the
move since the budget. It has held steady even in a weak market. Reliance announced investment
of Rs. 10,000 crores in West Bengal. Majority of this would be for expanding Jio services.
Sun Pharma (Rs. 430.00) (Code: 524715) :- The stock has been highly volatile
owing to corporate governance issues. The company's US arm Taro showed a big jump in Decem-
ber quarter profit. Movement is being seen in the stock.
Astrazenca Pharma (Rs. 1,795.00) (Code: 506820) :- This pharma company has
reported turnaround results in the third quarter. It reported profit of Rs. 29 crore for Q3.
Ashok Leyland (Rs. 86.00) (Code: 500477) :- This commercial vehicles
manufacturer's sales are expected to get a boost from lower interest rates. The stock has emerged
as the top gainer among auto stocks after repo rate cut by RBI.
ITC (Rs. 275.00) (Code: 500875) :- This diversified major will invest Rs. 1,750 crores
for setting up a new FMCG facility and to upgrade the existing facility in West Bengal. The com-
pany is expected to gain from many announcements in the budget.
Indraprastha Gas (Rs. 285.00) (Code: 532514) :- This city gas distribution com-
pany reported 5.7% jump in net profit and 6% rise in income for the December quarter. Brokerages
Nomura has retained Buy rating with a target price of Rs. 400, while Morgan Stanley has given
Overweight rating with a target price of Rs. 351. Deutsche Bank has revised the target price from
Rs. 315 to Rs. 330.
Vodafone-Idea (Rs. 30.00) (Code: 532822) :- This telecom major, formed by the
merger of Vodafone and Idea, reported 53% increase in income for December quarter. Even though
the entity reported a loss of Rs. 5,004 crores, Deutsche Bank has retained the Buy rating with a
target price of Rs. 70.
Borosil Glass (Rs. 217.00) (Code: 502219) :- The shares of this glass and glass
products company jumped after reporting strong results for December quarter. Income went up by
44%, and net profit by more than 15%.
Varun Beverages (Rs. 815.00) (Code: 540180) :- Market reports suggest that this
container and packaging sector company is benefiting from inorganic growth route. The company
recently bagged franchisee rights of Pepsi India in three states.
Ceat (Rs. 1,107.00) (Code: 500878) :- This tyre manufacturer has begun commercial
production of bus and truck radial tyres at its Tamil Nadu plant from February 7. Current is being
seen in the stock.
Timken (Rs. 580.00) (Code: 522113) :- This Tata Group company has reported excel-
lent results for third quarter. Sales rose by 38%, net profit by 188%, and EBIDTA by 152%. The
share is likely to be in the limelight.
DB Realty (Rs. 23.00) (Code: 533160) :- The reduction in key rates by RBI will prove
Financial Weekly
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
" 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. "
11-02-2019 Monday :- " You will enjoy trading in Nifty today as there will be good speed in
your transactions. " Between 9:15 and 10:15, overall Nifty will move around the psychological
surface. " From 10:15 to 11:05, there will be several small corrections in the market. But there won't
be much potential. " From 11:05 to 14:55, there is no clear trend in the market. So go for jobbing,
avoid taking big risks. " Nifty will move up in the last 35 minutes.
12-02-2019 Tuesday :- Between 9:15 and 11:25, you will enjoy jobbing. If you do proper buy-
sell during this phase, you will earn good money. " Between 11:25 and 12:55, you may earn good
money if you take high risk, so reshuffle accordingly. " From 12:55 to 13:30, Nifty will move up. "
Between 13:30 and 15:30, as per the big picture, Nifty will move mixed to positive.
13-02-2019 Wednesday :- " Sun will get conjunct with Mercury today and will go away from
Ketu. " Go for only two trends today, other time frames won't be useful. " Sell Nifty around 11:05
and exit around 12:05. " Buy Nifty around 14:40, exit as soon as you earn Rs 2.
14-02-2019 Thursday :- " There will be more volatility in Nifty and the movement will be
volume based. " From 9:15 to 10:05, Nifty will be around the surface. " Between 10:05 and 11:35,
no good prospects are seen for trading. " From 11:35 to 12:55, Nifty will be down. " From 12:55 to
13:30, Nifty will be up. " The phase between 13:30 and 15:30 can be divided into two parts: " In the
first phase, Nifty will be mixed to negative. " In the second phase, Nifty will be mixed to positive.
15-02-2019 Friday :- " From 9:15 to 9:31:42, Nifty will show a mixed trend. " The time 9:31:42
may become a turning point, so whatever is the trend, make changes accordingly and let there be
stability in the market. " The time frame from 10:00 to 12:00 is of zero weightage, so just do jobbing.
" Between 12:00 and 12:30, Nifty will be negative. " From 12:30 to 14:30, Nifty will be mixed and
won't be good for trading. " Between 14:30 and 15:15, Nifty will move up. " There is a possibility of
selling pressure in Nifty in the last 15 minutes.
Financial Weekly
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