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58
GAMC No. :1703/2018-20. Issued by SSP Ahd. Valid up to 31-12-2020

VOL : 12 • Issue No: 18 RNI No : GUJENG / 2008 / 24320 17th June to 22nd June 2019
FII Activity (Rs. in Cr.)

Date Buy Value Sell Value Net Value
10-06-19 3738.65 3522.45 216.2
11-06-19 4317.71 4221.92 95.79
12-06-19 3545.92 4596.35 -1050.43
13-06-19 5023.52 4851.17 172.35
14-06-19 5163.62 5402.26 -238.64
TOTAL 21789.42 22594.15 -804.73
DII Activity (Rs. in Cr.)
Date Buy Value Sell Value Net Value
10-06-19 2245.43 2074.81 170.62
11-06-19 2224.14 2375.15 -151.01
12-06-19 2216.85 1945.7 271.15
13-06-19 2241.17 2686.04 -444.87
14-06-19 2169.48 1793.01 376.47
TOTAL 11097.07 10874.71 222.36
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Financial Weekly
SMART 17th June to 22nd June 2019 4

INVESTMENT
Interest Check : Happynessfactory.in

Amar Pandit
• Investing in an ad-hoc manner

Bankers, insurance agents, and others tend to sell you plans or funds that aren't useful for
the long run. Leaving you accumulating products serving little to no purpose.
• Inadequate insurance against risk

To most, insurance is an investment tool or a tax saving option. As most people do not
look at tax saving prior to January, insurance becomes an easy option to latch on to. Often,
despite paying high premiums, most people end up with inadequate insurance covers. This is
because people tend t mix insurance and investment decisions and tend to overlook the
actual financial risk a family might face. Most liabilities, critical illness cover, disability cover,
no income protection or social benefits are other parameters that go uncovered.
• Over-concentration in real estate

As stereotypical as it sounds, people do tend to hoard real estate, believing it to be a great
investment avenue. There’s also the belief that in addition to being insulated from market
oddities, real estate also provides huge returns and tax benefits. So, many borrow to invest
in real estate and end up leveraged. This is a highly dangerous strategy to adopt. Especially
during real estate crashes, the illiquid nature of real estate makes it a lethal investment
option.
• A myopic view of tax planning

Most believe tax planning to be a tool for minimizing taxes. They indulge in tricks like
showing a limited income or weak balance sheet to fool the tax man. This can be avoided by
understanding that the right goal of tax planning is to maximize post-tax income.
Financial Weekly

INVESTMENT
Meera Industries
Entered in the market with FPO
FPO Detail
FPO Opens : 13-June-2019
FPO Closes : 18-June-2019
FPO Size : Rs 11.75 Crore
Offer Price : Rs 225 Per Equity Share
Face Value : Rs 10 Per Equity Share
Listing on : BSE SME
Corporate Feature Shares : 5,22,000 Equity Shares
Meera Industries Ltd (MIL) is engaged in Retail Portion : 50%
Market Lot : 500 Shares (Minimum Lot Size)
the manufacturing of Yarn Twisting, Winding Lead Manager : Aryaman Financial Services Ltd.
and Heat-Setting Machine for textile industries. FPO Registrar : Karvy Computershare Pvt. Ltd.
Company’s products are sold under the brand
Bonus expected to migrate on Main board for migration
name “MEERA”.MIL caters to the domestic need 10 Cr. so bonus ratio can be estimated
market as well as Exports the products to continents like America, South America, Africa, Europe and
Asia and major countries like Germany, Spain, Turkey, Thailand, Belgium, USA etc.The company is
capable of manufacturing both standardized as well as customized products based on the customer’s
specific requirement. The company has government recognized in-house R&D Center by Department
of Scientific and Industrial Research, Government of India located within the manufacturing unit.
More than 10 times return Meera Industries’ products were exported in 18

countries till last year. However, it has expanded
since maiden SME IPO the market and now exports to 26 countries
Prodcut Range
Financial Weekly

INVESTMENT
The Board of Directors of Meera Industries
Limited and consent of the shareholders given USA Subsidiary
in its Extra Ordinary General Meeting and sub-
ject to receipt of necessary approvals from
statutory, Regulatory and other competent Au-
thorities etc' has approved Raising of funds
through issue of Securities by way of equity
shares through Further public Offer(FPO) un-
der the Securities and Exchange Board of In-
dia (Issue of Capital and Disclosure Require-
ments) Regulations ("SEBI ICDR Regula-
tions") and other applicable laws. Meera In-
dustries FPO is starting from 13-June and
ends on 18-June. The price is Rs.225 with 500
market lot. The FPO size is around Rs.11.75.
Aryaman Financial Services limited is the Strong Financials
sole lead manager for this FPO and Karvy is (Rs. In Lakhs) FY 2018-19 FY 2017-18 FY 2016-17
Top Line 3447.76 2111.96 1315.45
the registrar. Meera Industries is investor- EBITDA 659.62 383.48 189.12
freindly company and has given one of the PAT 451.8 255.12 125.31
highest return in SME segment. Considering EBITDA (%) 19.13 18.16 14.38
PAT (%) 13.10 12.08 9.53
its low equity base, it is likely to announce bo- Meera Industries has consistently grown in terms of its revenues and
nus shares in days to come.Its stock price is profits over the part years. In the past three years its standalone revenue
has increased from Rs. 1,349.02 lakhs in 2016-2017 to Rs 2,156.63 lakhs
almost around its FPO price. in 2017-18 and further to Rs3,531.07 lakhs in 2018-19, showing an in-
crease of approximately 60% and 64% respectively. Its Net Profit for the
Meera Industries’ manufacturing unit is lo- above mentioned periods are Rs. 125.31 lakhs, Rs 255.12 lakhs and Rs
cated at Surat, Gujarat and is spread over an 451.80 lakhs, respectively, showing an increase of approximately 104%
and 77% respectively. Based on Consolidated Financial Statements, its
area admeasuring around 7,882 square revenue from operations for the 2017-18 and 2018-19 was Rs 2,194.34
lakhs and Rs 3,641.34 lakhs respectively. Its net profit was Rs240.80
meters (approximately). The unit is well lakhs and Rs494.55 lakhs for above mentioned periods. Between 2016-
equipped with wide range of machineries and 17 and 2018-19, total standalone revenue grew at a CAGR of 37.81%,
EBITDA grew at a CAGR of 51.65% and PAT grew at a CAGR of 53.34%.
other handling equipment to facilitate smooth
manufacturing process using globally adopted Dividend distribution is as per unwritten policy
manufacturing SAP-ERP tool. Adding land FY 17 (10%), FY 18 (22%), FY 19 (may expect till AGM)
of 5122 Sq. Mts. and Building 50,000 Sq. Ft. with FPO fund. It has in-house testing laboratory to test
the products as per quality standards.
It caters to the domestic market having a customer base PAN India for our textile machinery products
as well as our yarn twisting division. It has also developed an extensive export market for its textile
machinery products covering continents like America, South America, Africa, Europe and Asia and
Meera Industries incorporated wholly owned USA subsid-
include major countries like Germany, Spain,
iary to expand market in the western countries. The subsid-
iary, situated in the State of Northern Carolina began its Turkey, Thailand, Belgium, Italy, Kenya, Ni-
operations in 2017 and caters to growing base of customers geria, South Africa, Peru, Bolivia and USA to
in 26 countries including the USA, Canada and various
name a few. In the year 2016, with a view to
South American countries like Mexico, Ecuador, Peru, etc.
Financial Weekly

INVESTMENT
expand markets in the western countries, it in- Like IPO, FPO is expected to be huge success
Meera Industries had offered shares at just Rs.36 during IPO
corporated Meera Industries USA LLC as its in April-2017. After listing, the stock, at one time, had jumped to
wholly owned subsidiary. The subsidiary, situ- Rs.393 level. Means the stock has given more than 10 times
return after IPO. Meera Industries has been consistent in its
ated in the State of Northern Carolina began Dividend policy. in FY17, the company had given 10 per cent
its operations in 2017 and caters to our grow- dividend and in FY18, it had given 22 per cent dividend. Even in
this year, it is expected to give better dividend. Important thing is
ing base of customers in 26 countries like the that its current equity is Rs.3.92 crore. It will increase to Rs.4.44
crore after FPO. Now, if the company shifts to maing board from
USA, Canada and various South American SME segment, it requires Rs.10 crore equity. In that way, Meera
countries like Mexico, Ecuador, Peru, etc. Industries might go for bonus shares after FPO. So, the FPO is
expected to be huge success like its IPO.
Meera Industries was originally incorpo-
rated as Meera Industries Private Limited on Promoters of Meera Industries
July 05, 2006 with the Registrar of Companies, Mr. Dharmesh V. Desai
Mr. Dharmesh V. Desai, aged 46 years, is the
Gujarat Dadra and Nagar Haveli is a private Promoter, Chairman & Managing Director of our Com-
pany. He holds Bachelor of Engineering (Mechani-
limited company under the provisions of the cal) Degree from South Gujarat University. Post quali-
fication, he was associated with Garden Silk Mills
Companies Act, 1956. Subsequently our Com- Limited as Design Engineer and with Premier Looms
pany was converted into public limited Com- Manufacturers Private Limited as Product Head (TFO
division). In 2006, he and Mrs. Bijal D. Desai formed
pany pursuant to shareholders resolution Meera Industries with a vision to start an own venture and expand markets
internationally. He has an experience of more than two decades in manu-
passed at the Extra-Ordinary General Meeting facturing of yarn twisting, winding and heat-setting machines for textile
industries. His functional responsibility in the company involves handling
held on February 25, 2017 and the name of the overall business affairs of the Company including planning business
our Company was changed to Meera Indus- marketing business.
strategies, capacity expansion and overall development of the
Mrs. Bijal D. Desai
tries Limited. A fresh certificate of incorpora- Aged 43 years, is the Promoter of Meera Indus-
tion consequent upon conversion to public lim- tries and is also the Wholetime Director of the com-
pany with more than 13 years of experience in pro-
ited Company was issued by the Registrar of duction and human resource department. She holds
a Master’s degree in Science from the Veer Narmad
Companies, Ahmadabad on March 09, 2017. South Gujarat University. She is currently heading
the human resource, administration department and
The company is a growing textile machine logistics of our Company.
manufacturer dealing in twisting, cabling, winding and heat setting machines. It designs, develops and
sells high-performance machines to various processing and manufacturing units in the textile industry.
The huge repository of knowledge and technology base that it has developed since inception is a strong
base to outperform the competition and be abreast in the market. This supports it to constantly upgrade the
technologies to meet present and futuristic requirements of its customers. The company ensures the qual-
ity of products through rigorous testing including testing of sub system before integration and followed by
testing of the entire system when assembled. It provides a combination of designing, manufacturing,
testing facilities and after sales support that provides customer delight to the equipment offered by it.
Meera Industries has started its own yarn twisting division in Fiscal 2017-18, which includes pro-
cessing and selling of yarn. Yarn Twisting includes uniting two or more doubled yarn ends to hold the
constituent fibres together, thus giving enough strength to the yarn, and also producing a continuous
length of yarn. Twisted Yarn processed by us serves medical, automotive and embroidery, etc. If cus-
tomers in the USA, Canada and various South American countries like Mexico, Ecuador, Peru, etc.
*****
Financial Weekly

INVESTMENT
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Financial Weekly

INVESTMENT
CBC Pharma
Mission to Save million lives
Company to enter in Primary Market with IPO
Corporate Feature
Incorporated in 2003, Chandra Bhagat Pharma Limited is a pharmaceutical company based out
of Mumbai, Maharashtra.CBC is engaged in the business of contract manufacturing and marketing
of Formulations & APIs, in India as well as 15 countries abroad.CBC has a marketing team of
approximately 100 marketing representatives and around 400 distributors in India. Along with 15
distributors in export markets.Company is ready for Commercial launch of Vaccines Division in
2019-2020. CBC Pharma will soon enter into the capital market through SME IPO.
CBC Pharma was founded by Mr. Chandravadan Bhagat. He
Mr. Chandravadan Bhagat realized that the pharmaceutical industry

dominated by commercial MNCs was interested in importing only fast
selling products such as vitamins & tonics and not much of life saving
medicines. Mr. Bhagat’s sense of personal mission drove him to fill this
gap by taking up the import of critical life saving medicines from
reputed global companies.
FINANCIAL HIGHLIGHTS
Financial Weekly

INVESTMENT
began his career as a manufacturing Promoter Team
chemist, but soon realized that the phar-
maceutical industry dominated by com-
mercial MNCs was interested in import-
ing only fast selling products such as vi-
tamins & tonics and not much of life sav-
Mr. Hemant C. Bhagat Mr. Pranav H. Bhagat Mrs. Prachi P. Bhagat
ing medicines. Mr. Bhagat’s sense of per- Chairman Managing Director CEO and Director
sonal mission drove him to fill this gap by
taking up the import of critical life saving Product Profile of CBC Pharma
medicines from reputed global MAJOR THERAPEUTIC CATEGORIES FOR FORMULA-
companies.Company’s mission is to ex- TIONS :- • ANTIBIOTICS • CARDIOLOGY • NEPHROL-
OGY • NEUROLOGY • ONCOLOGY • ANAESTHESIA
pand its horizons to top quality products
and services which add value to society
in order to satisfy health requirements by
serving medical, social and economic is-
sues of society and community.
Currently, CBC Pharma has two main
business streams: One is Contract Manu-
facturing & Marketing Of Finished Formu-
lations. Second is Marketing Of Active MAJOR ACTIVE PHARMACEUTICAL INGREDIENTS
Pharmaceutical Ingredients. It is going to • Urokinase (Cardiac) • L-Asparaginase (Oncology)
launch Vaccines Division in the current • Heparin Sodium (Nephrology) • Enoxaparin So-
year itself. dium (Cardiac) • Vancomycin (Antibiotics)
In 2003, CBC Pharma moved up in the
value chain & set up its own marketing force with a wide portfolio of products from Antibiotics to
Anti-neoplastics and from Cardiovascular to Hormones.
Recently, CBC has created a separate API division. It imports & markets many APIs like:
enoxaparin, heparin, atracurium, D-penicillamine Products registered in: Sri Lanka, Philippines,
Senegal, Nigeria Products under registration in: Iraq, Myanmar, Thailand, Israel, Cambodia,
Cameroon. CBC Pharma’s management is very sound and ethical and has social mission with
business as well. It is a good sign for any organisation’s long term future. CBC Pharma will soon
come out with SME IPO.
****
CBC Pharma’s Milestones
- Incorporation of Chandra Bhagat Pharma Private Limited 2003
- Set up marketing team and focus on a wider product portfolio 2003
- Commencement of export business 2013
- Acquired exclusive marketing rights of Urokinase and L-asparagi-
nase API in India 2013 CBC Pharma is engaged in the business of
- Commencement of API Division 2015 contract manufacturing and marketing of Formu-
- Clinical trials of Vaccines 2016-17 lations & APIs, in India as well as 15 countries
- Commercial launch of HepA Vaccine 2019-20 abroad
Financial Weekly

INVESTMENT
Rapid Fire Stocks
- Kalpna J (Email- Kjtech79@gmail.com)
(Ring : 97690 37711) Twitter : @Kj_TechTrades
HDFC Bank (Rs. 2438.00)

Target - 2550 to 2775 ,SL- 2093, Time Frame 4 to 18 Months (Add in Dips)
(Multibagger in Making with Strong Fundamentals)
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to re-
ceive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private
sector, as part of RBI's liberalisation of the Indian Banking Industry in 1994. The bank was incorpo-
rated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai,
India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.
HDFC Bank Ltd is a major Indian financial services company based in Mumbai. The Bank is a
publicly held banking company engaged in providing a wide range of banking and financial ser-
vices including commercial banking and treasury operations. The Bank at present has an enviable
network of 2201 branches and 7110 ATMs spread in 996 cities across India. They also have one
overseas wholesale banking branch in Bahrain, a branch in Hong Kong and two representative
offices in UAE and Kenya. The Bank has two subsidiary companies, namely HDFC Securities Ltd
and HDB Financial Services Ltd
The Bank has three primary business segments, namely banking, wholesale banking and trea-
sury. The retail banking segment serves retail customers through a branch network and other de-
livery channels. This segment raises deposits from customers and makes loans and provides other
services with the help of specialist product groups to such customers. The wholesale banking
segment provides loans, non-fund facilities and transaction services to corporate, public sector
units, government bodies, financial institutions and medium-scale enterprises. The treasury seg-
ment includes net interest earnings on investments portfolio of the Bank.The Banks ATM network
can be accessed by all domestic and international Visa/MasterCard, Visa Electron/Maestro, Plus/
Cirrus and American Express Credit/Charge cardholders. The Banks shares are listed on the
Bombay Stock Exchange Limited and The National Stock Exchange of India Ltd. The Banks Ameri-
can Depository Shares (ADS) are listed on the New York Stock Exchange (NYSE) and the Banks
Global Depository Receipts (GDRs) are listed on Luxembourg Stock Exchange.HDFC Bank Ltd
Was incorporated on August 30, 1994 by Housing Development Finance Corporation Ltd. In the
year 1994, Housing Development Finance Corporation Ltd was amongst the first to receive an in
principle approval from the Reserve Bank of India to set up a bank in the private sector, as part of
the RBIs liberalization of the Indian Banking Industry.
Cont...
Financial Weekly

INVESTMENT
Infosys (Rs.740.00)
Targets - 900-1050,
Time Frame - 5 to 12 months, SL- 680
Strategic partnership aims to re-imagine the
tennis experience for fans and players globally
Market Capital(Cr.) Rs 279,841.28
Infosys a global leader in next-generation Face Value: Rs 5.00
digital services and consulting, and Roland- 52 Week High/Low: Rs 1,291.50/860.00
Garros, announced a strategic three-year tech-
nology partnership. The collaboration is aimed Avg Volume(10 days): 27,25,770.00
at enriching the game by providing fans, play- Circuit Limits Rs N.A/N.A
ers and coaches with a completely new experi-
ence, leveraging Infosys’ expertise in digital TTQ(Lakh) Rs 99.79
technologies such as artificial intelligence, big data & analytics, mobility, virtual and augmented reality.
Infosys Limited is an Indian multinational corporation that provides business consulting, information tech-
nology and outsourcing services. It has its headquarters in Bengaluru, Karnataka. The company is engaged
in software development in the form of services, turnkey projects and products for the domestic and export
market. The software development is targeted towards the distribution, banking, telecommunication and
manufacturing sectors worldwide
Infosys is a global leader in next-generation digital services and consulting. They enable clients in 45
countries to navigate their digital transformation. With over three decades of experience in managing the
systems and workings of global enterprises, and expertly steer the clients through their digital journey. They
do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change and also
empower the business with agile digital at scale to deliver unprecedented levels of performance and cus-
tomer delight. Their always-on learning agenda drives their continuous improvement through building and
transferring digital skills, expertise, and ideas from the innovation ecosystem.
Rapid Fire Stocks

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Financial Weekly

INVESTMENT
Smart SME Stocks - Dilip K. Shah
Stocks to be considered for investment

BCPL Railway Infra (Rs. 35.50) (Code: 542057) (Lot size: 4000) :- The Kolkata-based com-
pany provides railway infra development business such as design, drawing, supply, erection, and
25 KV, 50 Hz single phase traction overhead equipment erection and commissioning services.
The key clients include the Indian Railways, RITES Limited, Durgapur Project, Adhunik Group,
Usha Martin, GSPL, Electrosmith, etc. The company had issued shares at Rs. 35 apiece in Octo-
ber 2018. The shares have since touched a high of Rs. 39.50 and low of Rs. 30.50. The company
boasts of super fundamentals. There is some momentum in the share, and it looks capable of
delivering good returns going ahead.
Benara Bearings (Rs. 23.00) (Code: 541178) (Lot size: 2000):- This is time to average the
price in this SME counter. The company, which is a big name in bearings and pistons, makes
annual profit of Rs. 3 crores. The downside in the stock is limited. It will not take much time for the
stock to touch three digits. The company had issued shares at Rs. 63 in April 2018. The share has
touched a 52-week high of Rs. 65.50. The stock is in correction phase, and can be a good pick with
long-term view.
Bombay Super Hybrid Seeds (Rs. 128.00) (NSE SME) (Lot size: 1000) :- The Rajkot-based
company was established in 2000. The company makes premium grade agriculture seeds. Its
products come with an assurance of high yield and long shelf life, and are quite popular. It has a
strong product portfolio. It has two main brands, viz. Kasturi and Bombay. It also has the required
licenses for Gujarat, Maharashtra, MP, Rajasthan, and Karnataka. The company had issued shares
at Rs. 60 apiece, and they had got listed on the exchanges in April 2018 at the same price. The
share has touched a 52-week high of Rs. 150 and low of Rs. 114. Considering the government’s
focus on rural and agri sector, the stock can be considered for investment with a medium to long-
term view.
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
SMART
BUY OF THE WEEK
Dark Horse
Goldiam International recommended on 22nd April 2019 at
Rs.76.75, it zoomed to Rs.137.9 level and recorded almost
80% appreciation in less than 2 months
ACKNIT Ind. (530043) (90)

(Face Value Rs.10)
Incorporated in 1990, Acknit Industries is an Particulars Year Ended
ISO 9001 - 2008 Public Limited Company, In a
span of twenty six years of operations it is now FY19 FY18 Var.
one of the largest manufacturers and exporters of
industrial gloves and garments.
Sales 164.49 153.11 7.4
Acknit is having three different manufacturing PBT 5.90 4.19 40.8
divisions near Kolkata, India via.
1. Seamless Gloves Division :- Situated in
PAT 4.68 2.97 57.6
Special Economic Zone (SEZ) manufacturing EPS 15.40 10.73 43.5
Seamless Gloves made of 100% Cotton, Poly /
Cotton, Nylon, Kevlar, HPPE and other special cut resistant blended yarns etc., for cut lever 1 to 5.,
ACKNIT is having 3 coating facilities which produces PU Coating, Nitrile Coating & Layex Coated Gloves.
2. Industrial Leather Products Division :- Acknit owns a full integrated setup backed up with its own
tanning facilities for manufacturing Leather Gloves and special type of Leather Gloves of Kevlar / HPPE /
Glass Yarns with leather stitch on the palm and at the back of the finger tips. It is one of the fastest growing
and leading exporters from India in a short span of time.
3. Industrial Garments Division - :- Manufacturing various types of Industrial Garments made of Cot-
ton, Poly / Cotton, high visibility fabric with 3m reflective tape, heat resistant, Nomex and T-Shirt of all
types. All the units are of international standards with sophisticated machinery and state of the art facilities
having adequate production capacity to meet the growing market demands. The products are manufac-
tured as per CE norms and well approved by the overseas customers. Over 90% productions are exported
to European countries regularly and it is a recognized export house by the government of India.
It has an equity base of just Rs.3.04crore that is supported by reserves of around Rs.41.99crore. It has
a share book value of Rs.148.12 & price to book value ratio is just 0.6x which is impressive.
The Promoters hold 50.34% while the investing public holds 49.66% stake in the company.
During FY19, its net profit soared 57.57% to Rs.4.68crore from Rs.2.97crore in FY18 on higher sales of
Rs.164.49crore fetching an EPS of Rs.15.4. At CMP stock is trading at PE ratio of just 5.9x. It is regular
dividend paying company and it declares 15% dividend for FY19. Its 52 week high rate is Rs.174 which
was formed in October 2018. Stock almost corrected 48% from 52 week high.
Investors can accumulate this stock with a stop loss of Rs.75. It may give very good returns in
medium to long term.
Cont...
Financial Weekly

INVESTMENT
Magna Electro
(517449) (169.5) (Face Value Re.10)
Magna Electro Castings Limited manufac-
Particulars Year Ended tures and sells ductile and grey iron castings
FY19 FY18 Var. in India, the United States, and the European
Union. It operates through two segments,
Sales 122.92 93.07 32.1 Foundry Division and Wind Energy Division.
PBT 15.02 7.88 90.6 The company offers castings, including hand
wheel, linear, and rotary valves; housing and
PAT 11.40 6.86 66.2 piston plug castings for refrigeration products;
EPS 24.87 14.98 66 armature head, pinion gutter, elbow, and
flange castings for railroad products; and bracket, frame, lever, cross beam, and ink support cast-
ings for printing products. It also provides cover, body, relief valve, and base plate castings for
hydraulic products; caliper, carrier, spides S cam, spiders wedge, bearing cap, crank cast, flange,
and fly wheel castings for automotive products; and carrier, extender, and flange castings electri-
cal products, as well as windmill flanges. In addition, the company offers machined components,
such as rail road products, including damper plates, flingers, retaining blocks, bearing cap inserts,
inserts, spacers, cast motor supports, inlet connections, and clamps; air manifold and cover upper
hydraulics products; off highway products comprising drive discs, pulleys, brackets, adjusting rings,
and slip and end yokes; extenders and hubs for windmills; and other automotive products. Further,
it provides various services for manufacturing austempered ductile iron; converting fabricated parts
to castings; and developing prototype castings for test, as well as provides engineering services.
It has an equity capital of just Rs.4.58crore supported by reserves of around Rs.66.21crore. The
promoters hold 46.18% of the equity capital, which leaves 53.82% stake with the investing public.
Promoters increased their stake in previous period which is positive sign. It has a share book value
of Rs.154.49 & price to book value ratio is just 1.1x which is impressive.
During FY19, its net profit soared 66.2% to Rs.11.4crore from Rs.6.86crore in FY18 on 32.1%
higher sales of Rs.122.92crore fetching an EPS of Rs.24.87.
Currently, the stock trades at a P/E of just 6.8x. It declares 50% dividend for FY19 and book
closure for dividend announce from 8th August 2019.
Investors can accumulate this stock with a stop loss of Rs.150. It may give very good
returns in medium to long term.
Financial Weekly

INVESTMENT
TRADNICAL STRATEGY
Email: nimesh@nimeshthaker.com, M. 9228237373
NIMESH THAKER, BARODA
Sebi Registered NO. : INH000005874
Bear attack under face of Bulls

Last week market was remain very volatile and
choppy where panic was seen in NBFC space.
Compare to other markets, our Market was relative
underperformer as FII flow was negative during the
month of june. As i said erliare that most of positive
factor are discounted in the market, there are limited
scope for upside and we can expect sideway
movment in market.
On Technical Chart point of view, Nifty formed
bear engulfing pattern on daily chart indicates weak-
ness, however nifty closed at 21 EMA. and bank nifty
has broke its support at 21 EMA. If market will not
recover in next one or two day then we can expect
further correction. Below 11820, major support area
at 11600-11700 level. while upside 11950-12050
will remain strong resistance zone for Nifty.
on option point of view, on option point of view,
highest open-interest has build on 11900 call op-
tion indicates short term trader are not expecting nifty
above 11900 level. Nifty 11700 and 11600 put op-
tion not showing major position build up and high-
est open interest is seen on 11800 level indicates
limited downside in nifty.
With keep in mind all above data, i recommend to
buy on dips near 11700 level with stop loss below
11550 and target for 11950-12050.
For your investment related queries you can con-
tact me on 9228237373.
Coal India : Buy

Buy Range:255-250, Target: 275-290 stop loss 245
Allocation: 10% of trading capital
The stock has given strong breakout of inverse head and shoulder pattern. This is trend reversal
pattern and after such breakout we can expect 10 to 15% rally in stock. So i think we can consider
as buying opportunity in stock. The stock has multiple support area on downside. Hence recom-
mend to buy between 255-250 stop-loss 245 target 275-290 level.
Financial Weekly

INVESTMENT
Stock Buzz
Subramanian Mahadevan
dolphincapital@gmail.com
Kesoram Industries Limited (Rs. 63.00)

Demerging for Revival!
Kesoram Industries (Kesoram) - Kolkata based company, part of B K Birla Group is into produc-
tion ranges from tires to cement to rayon with three major divisions - Birla Tyres, Birla Shakti Ce-
ment and Kesoram Rayon.
CementDivision - Its cement division is located near the limestone deposits of Sedam and
Basantnagar and Birla Shakti's two cement manufacturing plants have a total combined capacity
of 7.25 million metric tonnes, making it one of the leading cement manufacturers in the region.
Sometime in 2015, debt ridden Kesoram has sold one of its loss making tyre plants at Laksar
(Haridwar) for Rs 2,200 crore to JK Tyre to reduce the debt significantly, which currently stands at
about Rs 3620 crore (March 2018).
TyreDivision- Aiming for a turn around, company has proposed to demerge its tyre business -
Birla Tyres Limited (BTL) and list it as a separate companyon the bourses by July 2019. The
demerged tyre entity which has an annual revenue of around Rs.1500 crore is likely to bear a debt
of ?500-1,000 crore, while the cement business is likely to have a debt of around ?2,600crore.
Food packaging solution - Kesoram Rayon, a unit of Cygnet Industries, a wholly-owned subsid-
iary of Kesoram Industries, has been in the business of transparent paper since 1961 primarily for
use in industrial segment. The company has relaunched an environment-friendly food packaging
solution 'Kesophane' aimed at the retail segment.
Cygnet Industries, which has three business divisions including rayon, chemicals and transpar-
ent paper, is expecting to clock a turnover of ?350 crore by the end of this fiscal.With the launch of
Kesophane biodegradable cellouse transparent films, the company is expecting to cross ?400
crore revenue by next fiscal. Rayon business contributes about 60 per cent to its annual turnover,
while transparent paper has a share of 30 per cent with the remaining coming from chemicals.
Conclusion - After more than six consecutive quarterly loss, Kesoram has reported net profit of
Rs. 20.75 crore in the quarter ended March 2019 as against net loss of Rs 158.17 crore during the
previous quarter ended March 2018. Sales rose 5.20% to Rs 1036.58 crore in the quarter ended
March 2019 as against Rs 985.33 crore during the previous quarter ended March 2018. Low risky
bet at current level considering huge underlying asset in the form of 7.25 million tonne capacity
profitable cement business coupled with a consumer facing brand business - Birla Tyres, both
available at the market cap of 983 crore that too before demerger. Stock has the potential to deliver
100% returns for sure from a two year perspective.
Financial Weekly

INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
jatinsanghavi100@yahoo.com
STILL IN TRADING RANGE ;

BIAS TURNS NEGATIVE
DRIFTING LOWER DOWN THE RANGE :- Nifty still continues to remain in Trading Range
between 12103-11614. But for the past 5 trading sessions, each day's candle body lay in the trad-
ing range of 6th May 2019 (12039-11830). Last hour on Friday saw serious sell-off which dragged
the indices lower, such that the closing was below the low of the trading range of 6th May i.e. below
Nifty 11830. The inability of the Market to sustain at higher levels has resulted in the Market moving
lower with the bias turning negative. This has opened the way to test the higher bottom at 11769,
followed by critical weekly Support in the form of Bullish Gap between 11591-11426.
TECHNICALLY SPEAKING :- Sensex opened the week at 39787, made a high of 40066, low
of 39363 and closed the week at 39452. Thus it closed the week with a loss of 163 points. At the
same time the Nifty opened the week at 11934, made a high of 12000, low of 11797 and closed the
week at 11823. Thus the Nifty closed the week with a loss of 47 points.
On the daily charts, both Sensex and Nifty have formed a Opening Black body Marubuzo. On
the weekly charts, both the indices have formed a smaller than a Real Black body. Thus Candle-
stick pattern study suggests a Bearish bias.
Both the indices are moving in a Trading Range between Sensex 40312-38651 & Nifty 12103-
11614. A bullish breakout will see Sensex reaching Cup & Handle target of 41053 and Nifty 12232.
A bearish break will take the indices to support of Weekly Bullish Gap.
Both the indices have left behind a Bullish Breakaway Gap not only on the daily time-frame but
also on weekly time-frame. This Bullish Gap between Sensex 38570-38001 and Nifty 11591-11426
This Weeks Recommendations

Rec. Name CMP SL TGT-1 TGT-2
Buy TCS 2254 2219 2307 2361
Buy TeamLease 3099 3038 3195 3293
Buy P I Ind 1170 1148 1204 1239
Buy Intellect 274 269 284 295
Buy Redington 104 101 109 115
:::: INDEX LEVELS ::::
S3 S2 S1 CLOSE R1 R2 R3
NIFTY 11484 11614 11727 11823 11958 12041 12137
SENSEX 38236 38651 39041 39452 39828 40312 40662
Cont...
Financial Weekly

INVESTMENT
will now act as strong Support Zone.
Both the indices had completed a Bullish Cup & Handle pattern in March 2019 and now they are
heading towards their target of Sensex 41053 and Nifty 12232. Also a Rounding Bottom got com-
pleted, which has a target of Sensex 44687 & Nifty 13516.
Both the indices have closed this week below the short term average of 20dma (Sensex - 39513
and Nifty - 11856). Both the indices continue to remain above the medium term average of 50dma
(Sensex - 38903 and Nifty 11680) as well as the long term average of 200dma (Sensex - 36902
and Nifty - 11092). Thus the Trend in the medium term and long term Timeframe continues to be
Bullish, whereas the Trend in the short term Timeframe has turned Bearish.
MACD and Price ROC are both in Sell mode. RSI (51) suggests Bullish momentum. Stochastic
Oscillator %K (47) is below %D and hence in Sell mode. ADX (34) suggests Uptrend under con-
solidation. Directional Indicators are still in Buy mode as +DI is above -DI. MFI (61) suggests Posi-
tive Money Flow. Thus Oscillators are suggesting a mixed bias.
Options data for June series indicate highest Call Open Interest is at 12000 and the highest Put
build-up is still at the strike of 11500. Thus Options data suggests a trading range with resistance at
12000 and strong support at 11500.
Buy or Sell, Confused ?

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

INVESTMENT
Jignesh R Mehta
(SEBI Registered Research Analyst)
E-mail : support@kiranjadhav.com
Website : www.KiranJadhav.com
Phone: 9327 11 3344 / 9328 11 33 44
Twitter: @jigneshrmehta
Weakness exactly as anticipated but

next supports are strong
We anticipated some up move in first few days and then weakness in indices in article of
last week. Exactly as anticipated, we saw Nifty and Bank Nifty holding out support very well
in first 2 days but in last three days of the week, we saw sheer weakness creeping in. With all
that happened in current week, the range of the next week is shifted little lower and hence the
next support level on Nifty and Bank Nifty are 11740 and 30500. If at all the same support
levels are broken in first few days of the week then next supports would be 11650 and 30090
on Nifty and Bank Nifty respectively. Important levels on upside are 12000 and 31330.
RISING STAR
Motherson Sumi Systems (123.25)
NSE: MOTHERSUMI
SECTOR:Auto Ancillaries
Cont...
Financial Weekly

INVESTMENT
RISING STAR
Motherson Sumi Systems (123.25)
NSE: MOTHERSUMI
SECTOR:Auto Ancillaries
MOTHERSUMI is one stock we have brought today for the reason that it has completed its
momentum count on lower side. Actually we consider the maximum vertical distance that price
took away from 200 day SMA in last 5 to 8 years as its momentum count. Looking at the price chart,
we can easily surmise that the vertical away from 200 DSMA was taken by price in the month of
Jun of 2017. That time this vertical distance was taken on upside and price was in good uptrend.
Since starting of the 2018, the price is in down trend and this time price took nearly the same
vertical distance from 200 DSMA downside recently. Both the instances are shown with blue
coloured vertical line. Even while price completed its momentum count down side it stayed above
the long term support line. Also while dealing with the lower levels, we saw a huge volume cluster
suggesting a shift of stock from weak to the strong hands. This phenomenon suggests that price
has bottomed out. All and all, this stock looks to have completed its down trend and hence can be
ventured with an initial stop loss at 110. Before venturing the stock one must consult their personal
financial advisor for the stop loss as suggested. The target for the stock could be at least 200 in
coming 1.5 to 2 years.
Jignesh R Mehta
SEBI Registered Research Analyst, www.kiranjadhav.com, support@kiranjadhav.com
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 as-
sessment 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.
Buy... Buy... Buy on Dips Hold Sell on High

Wockhardt 388.00 I.B. HOusing Fin. 672.00
Snowman Logistics 33.00 Hexaware 354.00
GRASIM 901.00 Reliance Capital 76.00
Mirza Intl. 57.00 TRF 120.00
IndiGo 1645.00 Indusind Bank 1425.00
BHEL 68.00 Adani Enterprise 152.00 PVR 1710.00 Yes Bank 115.00
RCF 61.00 Chambal Fert. 169.00 Nestle 11490.00 Jet Air. 82.00
Liberty Shoes 126.00 Dredging Corp. 398.00 Teamlease 3099.00 Reliance Infra 59.00
Roto Pump 148.00 Adani Gas 173.00 TRENT 394.00 Gruh Fin. 291.00
Cineline 41.00 Delta Corp. 187.00 AGrotech 520.00 M & M Fin. 413.00
JSL Stainless 164.00 Ujjivan Fin. 341.00 Tata Sponge 716.00 Reliance Home 14.00
GSPL 180.00 Kalpataru Power 502.00 HDFC Bank 2436.00 Tata Motors 164.00
Welspun Corp. 140.00 Adani Port 425.00 Biocon 248.00 Manpasand Bev. 32.00
Smart Link 108.00
Financial Weekly

INVESTMENT
Smart Education - Yog Joshi

Technical Analysis
From
Basic to Advance
Topic 10 (6) Different Type of Indicators

and Oscillators - Stochastic Indicator
Hello Friends,
Greetings...!!!
Hope you all are doing well,..
In the last week of Smart Investment issue we discussed about MACD
In Part -1, we done a detail discussion about MACD and parameters use in MACD Indicator
In Part - 2, we discussed about combination strategy of MACD and Exponential Moving Aver-
age
Today we are going to discuss about momentum as well as leading indicator " Stochastic"
Stochastic is known as one of the reliable leading indicator to forecast the Price Reversal or
Swing Reversal, its also give an idea about stock over bought position as well as stock over sold
position
Stochastic Indicator does not follow price or volume but it follow momentum of the trend
For ready reference, formula of the Stochastic Indicator as below :
% K = (Most Recent Closing Price - Lowest Low) / (Highest High - Lowest Low) × 100
%D = 3-day SMA of %K
Cont....
Financial Weekly

INVESTMENT
Lowest Low = lowest low of the specified time period

Highest High = highest high of the specified time period
There is a two line are available in stochastic indicator, %K Line known as fast line and %D is
known as slow line
%D is known as a slow line because its a SMA of %K
Default setting is 14 period it means it consider recent last 14 persod data as per formula in
calculation
We can use this Stochastic Indicator in any time frame like Intraday, Short Term, Medium Term
and Long Term
How to understand this Stochastic Indicator :-
As we discussed, it consist of two line %K ( Fast Line) and % D (Slow Line)
When ever %K line crossed %D line from below to above its consider as a positive crossover
and price may me reverse from this price zone towards upward direction and if %K Line crossed
%D line from above to below its consider as a Negative Crossover where from that price zone,
price may come down towards down wards direction.
As we discussed that Stochastic Indicator is a leading Indicator and it gives advance signal
about price reversal or swing reversal, so its advisable to use exponential moving average as a
legging indicator on the chart to refine our trade decision
Combination of Leading and Legging Indicator gives much more better result as campair to use
single leading indicator.
I hope this article on Stochastic Indicator you all find interesting and knowledge gaining for you
Next time we will discuss in detail about RSI (Relative Strength Index)
Financial Weekly

INVESTMENT
TECHNICAL TALK Dhananjay Kadam

TECHNICAL ANALYST, M. 7588622374
Stocks for Handsome gains

RITES (Last Closing Price -:
294) :- Rites ltd, it’s a government
of India Enterprises was estab-
lished in 1974, under the aegis of
India Railways. It is a Multi- Disci-
plinary Consultancy Organization
in the fields of Transport, Infra-
structure and related technologies.
The company’s initial charter was
to provide consultant services in
rail transport management to op-
erators in India & abroad. Rites has
since diversified into planning and
consulting services for other infra-
structure including airports , Highways and Urban Planning.
As we all know we have Budget in next month so we can expect some positive news for Government
Based Companies.
As per chart company started its upward journey on 17/05/2019 at Price of 233.40 by making Bullish
Engulfing Pattern on bottom of its chart and on next day it gives big gap up opening, from there it made
high of 288.65 on 31/05/2019,from that day till yesterday 13/06/2019 Stock was in consolidation mode
but today Stock gave a major breakout with good volume and closed with 6% Positive. Now as per chart
stock made very good Bullish Flag Pattern on Daily Time Frame. We can buy this stock by following
below levels
Price Target -: 335.60,Stop Loss -: 283,Time Frame -: 10-15 Days
RR Ratio -: 1:3+ (Maintain Stop Loss On Day Closing Basis)
TCS (Last Closing Price -:

2254.50) :- This company doesn’t
need any new introduction, It’s the
world’s largest IT service provider &
it’s the largest Indian company by mar-
ket capitalization. The total IT Sector
holds 13.76% Weightage in Nifty from
that TCS holds 4.80% Weight. This
company always helps our index to
move upward by giving its strong op-
erational & financial performance. Cur-
rently on chart TCS is try to making
one of the best Bullish Pattern know as Cup & Handle Pattern it’s a advance recommendation . As we get
Day closing above 2275 we can consider that this Cup & Handle is completed and as per this pattern we
can buy this stock with following levels
Price Target -: 2400-2420, Stop Loss -: 2250, Time Frame -: 15-20 Days, RR Ratio -: 1:5 which is really
a good ratio, (Maintain Stop Loss On Day Closing Basis), RR Ratio -: 1:3+
P.T.O.
Financial Weekly

INVESTMENT
NIFTY - ( Last close
price-11823 ) :- In the cur-
rent scenario nifty is gone
through a lot of domestic
as well as international
events. As per chart on 17/
5/2019 Nifty made
TREND REVERCEL
PATTERN and given
close 11407 after that it
made one way rally up to
12103 on 03/06/2019. Af-
ter completed biggest event of our country that is LOKSABHA ELECTION we saw very wild
movement in market. After made lifetime high of Nifty it started to trade in consolidation trend in
small range it playing between11800 to 12000.Today on Daily Chart nifty given support line
breakdown on close. Its indicating more fall in Nifty. I expect 11680 – 11550 levels in coming
days.
Financial Weekly

INVESTMENT
Techno Funda sound stocks Sachin Shah

(Mumbai)
VARUN BEVERAGES LTD

(540180 & NSE) (934.35) (FV 10)
VBL is the second largest franchisee in
the world (outside US) of carbonated soft
drinks and non-carbonated beverages sold
under trademarks owned by PepsiCo and a
key player in the beverage industry. PepsiCo
CSD brands sold by VBL include Pepsi, Diet
Pepsi, Seven-Up, Mirinda Orange, Mirinda
Lemon, Mountain Dew, Seven-Up Nimbooz
Masala Soda, Evervess Soda, Sting and
Gatorade. PepsiCo NCB brands sold by us
include Tropicana ,Tropicana Slice,
Q1CY19 Q1CY18 Tropicana Frutz, Seven-Up Nimbooz and
Income 1380.61 crore Income 1122.37 crore
PAT 40.63 crore PAT 18.63 crore Quaker Oat Milk as well as packaged drink-
Income Growth 23.01% PAT Growth 118.04% ing water under the brand Aquafina. The
company has been associated with PepsiCo since the 1990s and has over two and half de-
cades consolidated business association with PepsiCo spread across 21 States and two Union
Territories in India.
Technical Observations : 52 Week High/Low: 963/670.10 respectively The stock over the last
2 years gradually risen from low of 331 to 963 forming strong higher yearly bottoms as marked on
chart. The stock currently trades at 942.20
Coming to indicators ADX, MACD, PSAR and Super trend indicate buy on Weekly Charts. The
stock is trading above its 5, 10, 20, 50, and 200 SMA and EMA on Daily chart. The stock can be
bought partly at current level and added aggressively on dips with a target price of target of Rs.1200
within next 18 to 21 months.
SBI LIFE INSURANCE COMPANY LTD

(540719 & NSE) (698.6) (FV 10)
SBI Life is one of the leading Life Insur- FY19 FY18
Gross Written Pre. 329.9 billion Income 253.5 billion
ance companies in India. SBI Life is a joint PAT 13.3 billion PAT 11.5 billion
venture between India's largest bank State GWP Growth 30% PAT Growth 15%
Bank of India and the leading global insur-
ance company BNP Paribas Cardif. State
Bank Group has an unrivalled strength of
over 23,000 branches across the country,
making it the largest Banking group in In-
dia. With 198 foreign offices in 37 countries,
SBI is truly an Indian multinational. It also
features in the Fortune Global 500 list of the
world's biggest corporations.
Cont...
Financial Weekly

INVESTMENT
Technical Observations : 52 Week High/Low: 727/487 respectively

The stock made an all-time high of 772 in 2017 and corrected gradually over a period of 6
months to 487. The stock recovered steadily and is trading at 699.95, which is very close to its 52
week high.
Coming to indicators ADX, PSAR and Super trend indicate buy on Daily and Weekly Charts.
The stock is trading above its 5, 10, 20, 50, and 200 SMA and EMA on Daily chart. The stock can
be bought at current level and added on dips with a target price of target of Rs.910 within next 18
to 21 months.
HESTER BIOSCIENCES
(524669 & NSE) (1853.4) (FV 10)
Hester Biosciences Limited is one of
India's leading animal healthcare compa-
nies and second largest poultry vaccine
manufacturer founded Hester in 1987 and
successfully transformed into Asia's larg-
est single-location animal biological manu-
facturing facility. The Company's key
strength is embedded in its cutting-edge
research and development capabilities.
Located near Ahmedabad, Gujarat, Hester
has a state-of-the-art manufacturing facil-
ity for products ranging from vaccines,
health products to diagnostics. Hester's ser- FY19 FY18
Income 177.23 crore Income 133.07 crore
vices include seroprofiling for poultry flocks PAT 41.57 crore PAT 25.62 crore
and mastitis control programs for cattle. The Income Growth 33.19% PAT Growth 62.24%
four verticals: Poultry Vaccines, Animal Vaccines, Poultry Health Products and Animal Health
Products, together establish Hester's identity as a strong animal healthcare company, address-
ing all sectors of animal healthcare. Hester's product portfolio includes over 50 vaccines and 35
health products.
Technical Observations : 52 Week High/Low: 1930.25/1039.95 respectively The stock over
the last 2 years gradually risen from low of 331 to 963 forming strong higher yearly bottoms as
marked on chart. The stock currently trades at 942.20 Coming to indicators ADX, MACD, PSAR
and Super trend indicate buy Weekly Charts. The stock is trading above its 5, 10, 20, 50, and 200
SMA and EMA on Daily chart. The stock can be bought at current level and added on dips with a
target price of target of Rs.2450within next 18 to 21 months.
Financial Weekly

INVESTMENT
Terrific Shots - Dilip K. Shah
Crompton Greaves Consumer Ele. (Rs.241.00) (Code:539876) :- Shares of

this household appliances company are listed in A Group, and have face value of Rs. 2. It has
given good returns after demerger. The shares touched a high of Rs. 272 and low of Rs. 190 in the
last 52 weeks. In FY2019, the company's sales increased from Rs4079.66 crore to Rs4478.91
crore, while profit increased from Rs323.79 crore to Rs401.39 crore. As against equity of Rs125.4
crore, the company has reserves of Rs971.94 crore. Its premium fan and LED businesses may
witness higher growth in near future. It is expanding its product portfolio, and has also chalked out
expansion plans. It also launched Anti-dust fan and Air-3660 fan which covers more than 50%
area of the room. It is focusing on expanding retail coverage.
GarwarePolyster (Rs.251.00) (Code:500655) :- The X Group company is active in
chemical sector. The stock prices remained between Rs290 and Rs138 during 52 weeks. It was
set up by DrBhalchandraGarware in 1933 as Garware Plastics. It developed technology for poly-
ester films. And set up plant in 1976 at Aurangabad in Maharashtra. The products are used in
packaging, electric and motors, cables, etc. It has total four units. It manufactures films with thick-
ness of 10 micron to 350 micron. The company exports its products in South America, Russia,
China, Europe, Middle East and Africa. The company's 60% income comes from export. In fourth
quarter, the company witness income of Rs227.05 crore with 3.6% growth and profit of Rs20.35
crore with 62.39% growth. The stock may cross Rs300 level in short term and Rs400 level in
medium to long term.
KPR Mills (Rs.635.00) (Code:532889) :- It is a flagship company of KPR Group. It
owns three plants at Coimbatore, one in Tirupur district and two plants at Erod. The company
manufactures ready-made knitted apparels, knitted fabric, cotton yarn, knitted and spinning prod-
ucts. The company's 30% income comes from export and 60% income comes from yarn division. It
has recently completed expansion plant and increased production capacity. The company has
also increased wind power generation capacity from 40 megawatt to 62 megawatt at cost of Rs128
crore. As against equity of Rs36.28 crore, the company has reserves of Rs1753.89 crore. In FY2019,
the compnay's income increased from Rs3024.42 crore to Rs3264.22 crore, while profit increased
from Rs290.38 crore to Rs334.87 crore. The stock can be bought in phased manner.
MothersonSumi (Rs. 123.00) (Code: 517334) :- Shares of this company are listed
in the A Group. MothersonSumi is the largest auto ancillary company in the country. It makes auto-
motive components, modules, and systems. It has strong global presence with 124 plants in 25
countries. Its clients include Volkswagen, Hyundai, BMW, Renault, Maruti Suzuki, Mercedes Benz,
GM, Volvo, Toyota, etc. The company is very investor friendly. It has issued bonus shares nine
times since 1997. In FY2019, the company's income increased from Rs55858.05 crore to
Rs62571.58 crore, while profit increased from Rs1597.01 crore to Rs1613.16 crore with EPS of
Rs5.11.The auto ancillary market is affected due to lower sales in automotive sector but it is likely
to recover soon. The stock is a good investment bet 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

INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
Selling spree can be witnessed on

upward movement in stock prices
BSE Index (39450.07):- It is moving downward from top of 40312.07. It shows overbought posi-
tion on daily, weekly and monthly basis. June 20 to 24 could be gain turning days. On upward
movement, beyond 39685 it may go up to 39800, 39900, 40102 and 40312. On the downward
movement, below 39363 it may go down to 39279, 39050, 38840, 38635 and 38425.
Nifty Future (11828.75) :- It is moving downward from top of 12118. It shows overbought posi-
tion on daily, weekly and monthly basis. On upward movement, beyond 11873 it may go up to
11895, 11910, 11935, 11995, 12055 with resisting level at 12118. On the downward movement,
below 11800, it may go down to 11750, 11690, 11630, 11560, 11515. It may witness spurt above
11935 level.
Bank Nifty Future (30582.35) :- It shows downward movement from top of 31815.45. It shows
overbought position on daily, weekly and monthly basis. On upward movement, beyond 30900 it
may go up to 30880, 31000, 31210, 31410 with resisting level at 31500. On the downward move-
ment, below 30500 it may go down to 30395, 30190, 29990 and 29810.
Ashok Leyland (87.65) :- Having reached 95, it is on downward movement. It shows towards
oversold position on daily basis, neutral on weekly basis and towards neutral on monthly basis. On
upward movement, beyond 90 it may witness resisting level at 94. On the downward movement,
below 81.40 it may go down to 77.60 as last support. Investors should maintain distance.
Colgate (1159.65) :- It shows sidewave movement after coming down to 1095.40. It shows over-
bought position on daily basis, towards overbought on weekly basis and towards oversold on
monthly basis. On upward movement, beyond 1183 it may go up to 1194, 1206 and 1218. On the
downward movement, below 1157 it may get support at 1145 and below that it may indicate weak
situation.
Maruti (6747.40) :- It shows downward movement from top of 7193.90. It shows oversold posi-
tion on daily basis, neutral on weekly basis and oversold on monthly basis. On upward move-
ment,6915 is closing resisting level. On the downward movement, it may get support at 6441. It
may witness selling spree below this level.
Pidilite (1244.40) :- It shows downward movement from top of 1304.80. It shows overbought
position on daily, weekly and monthly basis. On upward movement, beyond 1265 it may witness
resisting level at 1279. On the downward movement, below 1240 it may go down to 1228, 1213,
1200 and 1187.
Reliance Industries Ltd (1317.55) :- It shows downward movement from top of 1374.25. It shows
neutral position on daily and weekly basis, while overbought position on monthly basis. On up-
ward movement, beyond 1338 it may witness resisting level at 1374. On the downward movement,
below 1303.50 it may go down to 1277.
Golden quote :-
No one saves us but ourselves, No one can and no one may
We ourselves must walk the path.
Financial Weekly

INVESTMENT
Dilip Davda
e-mail Expert’s Eye
dilip_davda@rediffmail.com
Second negative week in a row

Over heated market in a consolidation mode
Week opened on a positive note and witnessed green closing for first two sessions. Thereafter,
while NSE Nifty marked a flat but positive closing on Thursday, BSE Sensex posted negative
closing for the rest three sessions. Thus market was in a consolidated mode as it was over heated
post election results. However, it appears for a while, market is discounting all the factors emerged
during the week that included IIP, CPI data. IN fact, we witnessed tremors of global cues as China
hinted at stern steps against US as there were no signs of speedy resolution on trade war aspect.
US also indulged in a was like situation with Iran with missile attacks on two tanker ships that
created global tension. AS it this was not enough, India geared for hike in import tariffs against US
on 29 products. Thus market turned shaky for a while and will now pin hope on fiscal budget that is
scheduled for the first week of July 2019.
Amidst all such happening we witnessed second negative week in a row. For the week Mid and
Small cap indices underperformed benchmarks.
As can be seen from the table above, during the week, indices moved in the range of 12000.35
-11797.70 and 40066.31-39363.58 for NSE Nifty and BSE Sensex respectively.
For the week, indices marked net weekly LOSS of -47.35 points for NSE Nifty and -163.83
points for BSE Sensex.
With firm positive start on Monday, market remained in green for the day to close with marginal
gains. NSE ?Nifty scored 52.05 points to close at 11922.70 and BSE Sensex gained 168.62 points
to end the day at 39784.52.Positive global trends boosted sentiment for domestic markets. While
FMCG, Powert, Capital Goods and IT counters gained, Banking, Oil and Gas counters eased.
Advancing monsoon prompted buying in FMCG and Pesticides
Div. Announcement counters. However, Mid and Small cap counters continued to
Fredun Pharma (6.5%) witness hammering at every rise. FIIs and DIIs were the net buy-
ers for the day.
Ex-Split On Tuesday too market opened in green and with both side
Cholamandalam Inv.(5 for 1) movements managed to close in green with small gains. NSE
Ekam Leasing (2 for 1) Nifty posted rise of 42.90 points to end the day at 11965.60 and
BSE Sensex scored 165.94 points to close at 39950.46. Thus
Ex-Bonus we marked hat trick of positive closings for last three sessions.
Biocon (1 for 1) Both benchmarks crossed 12K and 40K in intraday trades re-
Syngene Intl. (1 for 1) spectively before reacting from the high of the day. China an-
nouncing stimulus to sustain its growth fuelled global markets.
Right Issue On domestic front, we marked rally in IT, Metal, Oil and Banking
Tata Sponge (15 for 7) counters. Mid and Small cap counters marked selecting buying
from knowledgable circles. FIIs and DIIs were net sellers for the
Bonus Meets day.
Varun Beverages (17-6-19) With divergent opening on Wednesday, indices snapped last
RITES (24-6-2019) three day's gaining streak. NSE Nifty lost 59.40 points to close
Financial Weekly

INVESTMENT
at 11906.20 and BSE Sensex marked deficit of 193.65 points to end the day at 39756.81. Eased
Crude Oil prices failed to charm the markets. With hammering on Power, Banking and Auto counters
we marked negative closing. Small and Mid cap counters too marked selling spree. However, Oil,
Metal and Mining counters gained and arrested the fall. FIIs were net sellers while DIIs were net
buyers for the day.
With poor opening on Thursday, we marked range bound trades that finally resulted in divergent
closing for both bourses. While NSE Nifty scored mere 7.85 points to end the day at 11914.05,
BSE Sensex lost mere 15.45 points to close at 39741.36.Rising tension in Gulf area with US-Iran
imbroglio and attack of oil tanker kept a tab on general sentiment. Crude marking high volt drama
with heavy ups and downs prompted similar trends for domestic markets too. With both side move-
ment, we finally witnessed mixed closing. While Mid and Small cap continued to be under selling
spree, index based movement kept market in swing status. Auto and IT counters lead the doom.
FIIs were however net buyers for the day while DIIs were the net sellers. Banking and Finance
counters surged on value buying.
Amidst global cues, we marked divergent openings of main bourses on Friday. While NSE Nifty
opened flat but on negative tone, BSE Sensex began with positive note. Hammering in banking
and FMCG counters lead the doom for the market. IT, Realty, Pharma and Telecom counters too
marked selling spree. Mid and Small cap counters too participated in doom with many counters
witnessed profit booking at every rise. Capital Goods counters however met with informed buying.
FIIs were net sellers while DIIs were net buyers for the day. Escalating CPI data raised concern.
Dollar firmed up around at Rs.69.80 a dollar for the week, Brent Crude oil witnessed volatile
trades and closed the week around 63$ a barrel. Mounting tension on US-China Trade war, US-
Iran imbroglio and India considering duty hike for 29 products imported from US raised concern.
Thus while on domestic front, market men eying movement of monsoon, on global front, liquid
situation will be in center stage for the ensuing week trades.
Amidst such a scenario NSE Nifty and BSE Sensex may hover between 12150-11100 and
40400-38750 respectively for the ensuing week.
Bonus meets announced by Varun Beverages on 17.06.19 and RITEs on 24.06.19.
DISCLAIMER : No financial information whatsoever published anywhere here should be con-
strued as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter
published here is purely for educational and information purposes only and under no circumstances
should be used for making investment decisions. Readers must consult a qualified financial advi-
sor prior to making any actual investment decisions, based on information published here. Any
reader taking decisions based on any information published here does so entirely at own risk.
Above information is based on the details available as on the date along with market perceptions.
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
A. K. Asnani
(M) 9893512098
Smart Verc (Bhopal)
Author of Book
Way to Billionaire
Enough is enough ! Really ?

From several years I am watching this stock, it is not going anywhere, I am waiting for the breakout
on the charts, It is a very high priced stock; I invest only in low priced stocks, Stock is already up by
50% in 11 months, not much potential left
Technical charts are indicating a sharp fall and you are asking me to buy, it has already grown
multifold, tell me know some new stock
I missed the bus
Demonetization will have very severe impact on this stock
It is down by 40% and you are asking me to buy
Market capitalization has crossed 1 lac crore so it will grow slow now
Oh no, I booked profit with just 40% gains
NBFC crisis will leave severe impact on this company too
Had I purchased this stock, my fortunes would have changed
Tell me another such stock, this time I will hold it tight, promise
These are the comments I received from my various investor friends and contacts when I ad-
vised them to buy Bajaj Finance since 21 Jan 2011 when it was ruling at Rs 62 (adjusted for stock
split and bonus).
Let me inform to those who think enough is enough;growth in Net Profit was one of the
highest ever for 2018-19 ! Company has declared mind-blowing results for the year 2018-19.
When the whole NBFC sector is under-going high level of stress, BFL posted eye popping
results for the quarter ended 31 Mar 2019.
Standalone Financial results

03/'14 03/'15 03/'16 03/'17 03/'18 03/'19 03/'18* 03/'19*
Total Income 4073.33 5418.23 7383.48 10003.31 12649.66 17383.97 3424.99 4886.54
Tax -372.15 -459.07 -686.05 -980.97 -1346.71 -2144.96 -396.56 -611.99
Net Profit 719.01 897.87 1278.52 1836.55 2484.51 3890.34 742.77 1113.59
Equity 50.14 50.15 53.87 109.98 # 115.03 115.37 115.03 115.37
EPS 144.79 179.94 242.30 34.01 43.71 66.95 12.80 19.16
Dividend 160% 180% 250% 180% 200% 300% - -
Cont....
Financial Weekly

INVESTMENT
" Net Profit up 60%
" Gross NPA at mere 1.54%
" Net NPA at only 0.63%
Is it still a good buy?
Off course!
More reasons than ever to buy this stock. After growing at such stupendous pace for so many
years there are no signs of any slowdown. In fact rate of growth in Net Profit is still showing rising
trend. During last five years growth in Net Profit (Y-o-Y) stood at 25%, 42%, 43%, 35% and 56%
respectively.
In fact trouble for other NBFCs may eventually play out in company's favor.
In 2008-09 there was a crisis like situation for the real estate sector. Stocks like Dlf, Unitech,
Omax, Ansal Properties and many more crashed more than 90% to 99%. Companies who stick to
discipline (like Godrej Properties, Brigade Enterprises and Oberoi Realty) emerged winners. Same
story is going to happen in NFC sector.
Meanwhile, Bajaj Finances' almost all segments are growing. As of Mar 31 2019 overall Capital
Adequacy ratio stood at 20.66%. Generally the company goes for raising capital through equity
route when CAR goes down to 14% to 14.5%. Going by the growth rate, company may raise capital
in the next 9 to 12 months.
Present PE of 51 may appear high, but it is not PE alone to be considered. PE has to be com-
pared with expected growth which is even slightly better.
Advantage of investing in fast growers (Revenue and Profits) is that even if you make a mistake
in assessing its VALUE soon your mistake will be taken care by coming good financial numbers.
Considering very strong Reserves of 170 times Equity and small Equity, added with strong
growth, another liberal bonus should be round the corner. One year target of Rs 4500 has been
arrived by assuming a moderate 40% growth in bottomline for current year and small moderation in
PE ratio.
Considering that this stock is held by large number of Mutual Funds, FPIs and retail investors,
the future growth will be more than account of growth in earnings rather than expansion in valua-
tions.
Last five years Net Profit CAGR stands tall at 40%. Assuming a moderate growth of 30% for next
three years, the EPS for 2021-22 should be about Rs 147. Again applying a moderate PE of 40
against the ruling PE of 51, the stock price should be in the vicinity of Rs 5900 three years hence.
Medium risk takers can keep about 4% weightage of this stock while enterprising investors can
have upto 6% weightage in their portfolio.
Recommendation Review :- In Smart Investments 30 Dec 2019 stock of Atul Limited was at
the then ruling price of Rs 3426 with a Target Price of Rs 4000 in 6 to 9 months. Stock has crossed
the target and made a 52 week high of Rs 4160.
Financial Weekly

INVESTMENT
Scrip Watch - Siddharth Shah
Bharat Forge (Rs. 454.00) (Code : 500493) (F. V. : 2.00) :- Auto components
major Bharat Forge on Friday has formed a joint venture with Germany's Refu Electronik GmbH for
development and manufacture of electric vehicle components with an investment of 11.35 million
euros (about Rs 89 crore). New JV will develop, manufacture and sell on board controllers and
components, mainly - drives, invertors, converters. Bharat Forge has reported a nearly threefold
jump in its standalone net profit to Rs.299.5 crore for the March quarter.Its total income stood at
Rs.1,718.72 crore as against Rs.1,500.83 crore in the year-ago quarter. For the full year 2018-19,
consolidated net profit stood at Rs1,032.59 crore as compared with Rs753.97 crore a year ago, a
growth of 36.95 per cent. Total consolidated income for the year was Rs.10,348.52 crore as com-
pared to Rs.8,556.68 crore in the previous fiscal.The stock is a value buy.
PI Industries (Rs. 1170.00) (Code : 523642) (F. V. : 1.00) :- PI Industries
churned out a strong quarter with a healthy revenue growth, coupled with profits growth and stable
overall margins. Commercialization of new molecules and a decent growth in exports helped.The
29 percent year-on-year (YoY) growth in revenue rode on the back of commercialisation of new
products and 39 percent jump in CSM (custom synthesis) exports. The company launched 2-3
molecules in FY19, which saw a robust response. It has plans to launch another 2-3 molecules in
FY20. The management highlighted visibility of around 25 percent revenue growth in the CSM
business for the next 4-6 quarters. The company is looking to launch seven new products in FY20,
of which 3 would be in the domestic segment. Four new molecules are expected to be
commercialised in the CSM space. Buy on decline.
Bharti Airtel (Rs. 353.00) (Code : 532454) (F. V. : 5.00) :- After a tough
competition with Jio, rival Bharti Airtel Ltd has maintained its number one position in telco, with its
customer retention and engagement strategy driving up data usage and monthly revenue.In the
last six months, Airtel has introduced a slew of measures to take on Jio. It began with rolling out
monthly minimum recharge plans beginning at ?35 to get rid of inactive users, which helped in
improving its average revenue per user (ARPU). To keep the customers' engaged on the network,
it launched Wynk Tube, an extension of its music streaming service Wynk Music, keeping in mind
the small-town users that allow streaming both audio and video within the same interface. It also
started an e-book mobile application, Airtel Books, as a subscription service for niche users. To
retain its prepaid customers, who make up over 90% of its total user base, it has also started a
loyalty programme where you are benefitted based on the size of the tariff plan.The stock has also
made come back in recent times. The stock has jumped more than 20 per cent in last three months.
Buy on any decline.
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 Tips - Het Zaveri
Voltamp (Rs. 1185.00) (Code : 532757) (F. V. : 10.00) :- Voltamp Transformers

manufactures oil-filled power and distribution transformers up to 160 mega volt amp (MVA), 220
kilovolt (kv) class; resin-impregnated dry-type transformers up to five MVA, 11KV class in technical
collaboration with Mora, Germany; and cast resin dry-type transformers up to 12.5 MVA, 33 KV
class in technical collaboration with HTT, Germany. Other products include induction furnace trans-
formers and lighting transformers.About 80% of the annual sales come from project business. In
most projects, transformer orders are from leading consultants such as Engineers India, Kaverner,
Tata Consulting Engineers and MN Dastur.Low fixed costs and debt-free status enables better
margins of 10%-11% compared with peers' 7%-8%. Labour cost is 150-200-basis-point lower than
that of competitors.There was around Rs 371 crore of cash and liquid investments end March
2019. Adequate land and building are in place for expansion.Capex for grassroots expansion will
be Rs 15-18 crore. Invest.
Sanofi India (Rs. 5429.00) (Code : 500674) (F. V. : 10.00) :- Sanofi India has
reported better Q1 numbers. It follows financial year from January to December. Its sales increased
16% to Rs.720 crore. Gross margin shrank 250bp to 57% due to the change in the product mix.
However, EBITDA margin contracted at a much lower rate of 30bp to 21.4%, supported by lower
other expenses and employee cost. Absolute EBITDA increased 14% to Rs.160 crore. Net profit
grew 12.6% to Rs.92.9 crore. Sanofi stock had hit 52-week high of Rs.6840 in last September and
since then, the stock has corrected and now trading at Rs.5435. It has been in consolidation mode.
Accuulate. Buy on decline, if any.
Ramco Cement (Rs. 782.00) (Code : 500260) (F. V. : 1.00) :- The average
cement prices in South in recent months shows marquee improvement leading to improved profit-
ability outlook for Ramco Cement in the near term. Cement prices in Hyderabad alone rose 28 per
cent by Rs 60-70 a bag in the past few weeks. If current prices are to sustain, then South-based
firms, including Ramco Cement, would see a sharp improvement in earnings in the range of 65-
147 per cent on year over the next few quarters. Historically, high prices in South India have sus-
tained for 6-24 months. The healthy demand environment along with benign cost environment will
aid further. Ramco gets 70 percent of its volumes in South. There is a pick up in cement demand
due to increasing consumption in infrastructure, irrigation and housing projects and capacity
utilisation is going up. Accumulate.
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
SMART TIPS Smita N. Zaveri
REC (Rs. 154.00) (Code: 532955) :- Shares of Rural Electrification Corporation are
listed in A group, and touched a 52-week high of Rs. 159 and low of Rs. 89. The central govern-
ment holds 52.63% stake in REC, which provides finance for power sector, including power utili-
ties, private sector project developers, power generation, etc. It has Navratna status. For the March
quarter, its income rose 18.48% from Rs. 5632 crores to Rs. 6672 crores, while profit shot up by
more than 50% from Rs. 835 crores to Rs. 1256 crores. EBIDTA went up by 16% to Rs. 5797
crores. The share has a book value of Rs. 208.8, which is more than the current price. The com-
pany is expected to benefit from the power reforms being carried out by the Modi government. The
merger of REC with PFC is expected to be completed soon. The stock can be seen at Rs. 175-180
levels in the short term.
Adani Gas (Rs. 174.00) (Code: 542066) :- Shares of this city gas distribution com-
pany are listed in B Group and have face value of Re. 1. The shares touched a 52-week high of Rs.
153 and low of Rs. 70. Promoter holding is 74.80%. The company is the largest private city gas
distribution company with a pipeline network of 5,500 km, more than 70 CNG stations, and over
4.50 lakh customers in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana, and Khurja in
UP. Adani Gas has received licenses to expand to 13 more geographical locations on its own, and
14 others in a joint venture with IOC. Adani Gas has a market cap of Rs. 15012 crores, equity of Rs.
256.74 crores, debt of Rs. 310 crores, and reserves of Rs. 631 crores. For March quarter, Adani
Gas reported income of Rs. 494 crores, whereas profit nearly doubled to Rs. 75.68 crores. The
stock can give very good returns in 2-3 quarters.
Roto Pumps (Rs. 149.00) (Code: 517500) :- Shares of this X Group listed industrial
machinery company have face value of Rs. 2. The shares touched a high of Rs. 160 and low of Rs.
74 in the last 52 weeks. Promoter holding is 69.70%. It is a leading player in pump industry for
capital engineering goods segment. It has wide presence in the country, and also in Canada,
Colombia, UK, Germany, Denmark, France, Spain, and other countries. Exports account for 65%
of its income. Vedanta, Reliance, NTPC, ONGC, IOCL, Oil India, HPCL, Asian Paints, Nerolac,
etc., are among its clients. It has been providing fluid engineering solutions to companies in India
and across the world for 45 years. For March quarter, it reported 3% rise in income at Rs. 39 crores,
while profit went up by 31% to Rs. 5.39 crores. The stock is trading at a PE multiple of 13, and can
be seen making new high in two to three months.
GSPL (Rs. 185.00) (Code: 532702) :- Shares of GSPL are listed in A Group. The
shares touched a high of Rs. 209 and low of Rs. 149 in the last 52 weeks. GSPL is a subsidiary of
Gujarat government owned GSPC. GSPC has presence in the entire natural gas value chain. Its
terminal at Pipavav is expected to be completed soon. Gas demand is expected to remain strong
on the back of demand from power and fertilizer sector. The operationalisation of Mundra LNG
terminal will boost volumes. For the March quarter, GSPL income went up 24% to Rs. 433.83
crores, while profit declined 2.59% to Rs. 153.32 crores. EBIDTA went up by 10% to Rs. 337.20
crores. Trading at a PE multiple of 12, the stock can be seen crossing the 52-week high in the short
to medium term.
SEBI Registered Research Analyst)
* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates
/ indices on 14th June,2019 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 - Het Zaveri
Aegis Logistcs (Rs.222.00) (Code:500003) :- It is known for providing logistics

services in oil and gas sector. It was set up in 1956 and was listed on BSE in 1978. It also provides
liquid logistics, gas logistics, EPC logistics and marine services. It also owns retail gas outlets. As
against equity of Rs33.40 crore, the company has reserves of Rs1357.88 crore. In March quarter,
the company's ncome increased from Rs1251.92 crore to Rs1852.64 crore, while profit increased
from Rs54.58 crore to Rs61.70 crore with EPS of Rs2.11. The company's business model is strong
and the future seems bright so it is good option for long term investment. It paid interim dividend of
50% for 2019.
IGL (Rs335.00) (Code:532514) :- It supplies CNG and PNG in Delhi and surrounding
areas. The company was incubated as joint venture of GAIL, BPCL and Delhi Government. It owns
more than 330 CNG stations and enjoys more than 6 lakh residential, 1500 commercial and 700
industrial customers. As against equity of Rs140 crore, the company has reserves of Rs4175.71
crore. In FY2019, the company's sales increased from Rs4592.14 crore to Rs5764.84 crore, while
profit increased from Rs721.72 crore to Rs842.10 crore with EPS of Rs12.03. The government is
planning to allot gas distribution license for more cities so companies like IGL may benefit from the
same. The company's future seems bright. It has recently hiked gas prices in Delhi. It paid 120%
final dividend for FY2019.
RITES (Rs.293.00) (Code:541556) :- The company set up in 1984 came up with IPO
recently and it witnessed bullish trend after listing. It has its presence in transport and infrastructure
segments. It undertakes works like consultancy services, turnkey construction projects, rolling stock,
equipment and spares export and railway rolling stock and equipment leasing. As against equity of
Rs200 crore, the company has reserves of Rs2222.10 crore. In FY 2019, the company's sales
increased from Rs1502.84 crore to Rs2047.45 crore, while profit increased from Rs363.18 crore to
Rs498.77 crore. The company has more than Rs5000 crore projects on hand. The stock can be
bought with long term outlook.
Kansai Nerolac (Rs.450.00) (Code:500165) :- The paint sector company's equity is
Rs53.89 crore, while reserves stand at Rs3362.44 crore. In FY2019, the company's income in-
creased from Rs4641.75 crore to Rs5388.47 crore, while profit decreased from Rs514.40 crore to
Rs452.75 crore. The government schemes like Housing for All, Smart City Project, etc are likely to
boost the housing sector, which will benefit the paint sector companies. The brand is very popular
and strong, so it may get most in the future. The company is also planning expansion. It paid 305%
dividend in 2016, 300% in 2017, 260% in 2018 and 260% in 2019. The floating stock is very low so
the volume may improve in future.
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
Nifty & Sensex Movement during the last week

NSE - Nifty Open High Low Close Diff
10-Jun-19 11934.9 11975.05 11871.75 11922.7 52.05
11-Jun-19 11959.85 12000.35 11904.35 11965.6 42.9
12-Jun-19 11962.45 11962.45 11866.35 11906.2 -59.4
13-Jun-19 11873.9 11931.35 11817.05 11914.05 7.85
14-Jun-19 11910.1 11911.85 11797.7 11823.3 -90.75
Net Weekly Loss -47.35
BSE Sensex Open High Low Close Diff
10-06-19 39,787.33 39,979.48 39,619.97 39,784.52 168.62
11-06-19 39,900.45 40,066.31 39,760.02 39,950.46 165.94
12-06-19 39,974.18 39,982.10 39,623.53 39,756.81 -193.65
13-06-19 39,679.35 39,800.81 39,461.27 39,741.36 -15.45
14-06-19 39,797.00 39,799.90 39,363.45 39,452.07 -289.29
Net Weekly Loss -163.83
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Financial Weekly

INVESTMENT
Investment Ideas telegram.me/rupeegains7
NIFTY :- For next week NIFTY has strong support around 11770 levels. Break will take it to
11700-11660 levels. On the upper side NIFTY will face strong hurdle at 11930 levels, cross over
with volume and close above will create short covering at take NIFTY up to 12040-12105 levels…
BANK NIFTY :- For next week BANK NIFTY has strong support around 30300 levels.
Break will take it to 30100 levels. On the upper side BANK NIFTY will face strong hurdle at 30830
levels, cross over with volume and close above will create short covering at take BANK NIFTY up
to 31035 levels…
Sudarshan Pharma Industries Ltd has announced an IPO under SME cat-
egory to fuel growth prospects and deliver incremental returns to share hold-
ers. It has grown leaps and bounds reflecting ultra-positive Revenue, EBITDA
and PAT with a CAGR of about 54 percent, 140 percent and 194 percent
respectively over four years. Remarkable milestones prove that company
will continue to upgrade the highest quality of standard. Company has de-
veloped many unique and first of its kind medicines in India which shall
prove to be a game changer in times to come. Company's future roadmap is
robust and we are expecting that Sudarshan Pharma Industries may prove
best investment for investors. Investors must apply in this IPO for long term
wealth creation. IPO will close on 17th June 2019.
INVESTMENT IDEAS…
AMARJOTHI SPINNING MILLS LTD
(521097) (84.4) (Face Value Rs.10)
Amarjothi Spinning Mills Limited is an India-based spinning company. The Company is en-
gaged in the manufacture of yarn. The Company owns approximately eleven wind mills for captive
consumption. The Company's services include dying and blending. It is engaged in dying fibers,
which include cotton, organic cotton, viscose, modal, polyester, excel, bamboo and acrylic; dying
yarn, which include cotton yarn, organic cotton, cotton or viscose yarn, cotton or modal yarn, cotton
or polyester yarn, cotton or excel yarn and cotton or bamboo yarn, and specialized yarn dying,
which include yarn dyeing suitable for discharge printing, yarn dyeing suitable for post mercerizing
and yarn dyeing suitable for post bleaching. It manufactures blended melange yarns, non-blended
yarns and other yarns, including discharge printing yarn, anti-bacterial yarn, and perfumed yarn. It
dyes yarn for hosiery, woven and home textiles.
It has an equity base of just Rs.6.75crore that is supported by reserves of around Rs.118.03crore.
It has a share book value of Rs.186.66 per share & price to book value ratio stood at just 0.46x. The
Promoters hold 55.05% while the investing public holds 44.95% stake. Well-known investor Anil
Kumar Goel holds 3.26%, CH Kiron holds 2.54%, Anirudh Mohta holds 1.38% and Subramanian P
holds 2.28% stake in this company.
Company has posted strong numbers for Q4FY19. During Q4FY19, its net profit zoomed 40.46%
to Rs.2.80crore from Rs.1.99crore in Q4FY18 on sales of Rs.48.94crore in Q4FY19 fetching an
EPS of Rs.4.15. During FY19, its PAT soared 17.88% to Rs.15.24crore from Rs.12.93crore in
Financial Weekly

INVESTMENT
FY18 on 12.82% higher sales of Rs.213.99crore fetching an EPS of Rs.22.57. Currently, the stock
trades at a P/E of just 3.75x. It is regular dividend paying company. Company declares 20% divi-
dend for FY19. Its 52 week high rate is Rs.129. Stock almost corrected 34% from 52 week high.
Everyone, whose financial advisor is allowing to trade in this stock for medium to long term can
watch with a stop loss of Rs.75.
HALDYN GLASS LTD
(515147) (33) (Face Value Re.1)
Incorporated in 1991, Haldyn Glass Limited manufactures and sells glass bottles and contain-
ers in India and internationally. It provides glass vials of various shapes and sizes for packaging
injectibles, eye-drops, ear-drops, and other lifesaving drugs for the pharmaceutical industry; and
clear bottles for packaging in the liquor manufacturing, cosmetics, and food and beverages indus-
tries. Currently it has total melting capacity 320 tons per day comprising of two Glass Melting Fur-
naces (220 + 100 tons per day capacity) and 10 I.S. machines which gives them leverage over the
competition in manufacturing a very wide range of containers from 10 ml to 1000 ml. The I.S. ma-
chines are capable of producing 1.5 million high quality containers every day.
The Company's equity is just Rs.5.38crore while company has reserve of around Rs.142.53crore.
Its share book value stood at Rs.24.89. Promoters hold 52.60%, UNIFI AIF hold 3.07% while in-
vesting public hold 44.33% stake in the company. Promoters have increased their stake in last few
quarters which is positive sign.
During FY19 it has reported superb numbers. For Q4FY19, HGL posted 84.86% higher PAT of
Rs.3.66 crore on 27.50% higher sales of Rs.56.83 crore and an EPS of Rs.0.68. During FY19, its
PAT zoomed 87.48% on standalone basis to Rs.12.13crore from Rs.6.47crore in FY18 on 31.35%
higher sales of Rs.222.03crore fetching an EPS of Rs.2.26.
At CMP, HGL trades at P/E ratio of just 14.4x. Everyone, whose financial advisor is allowing to
trade in this stock for medium to long term can watch with a stop loss of Rs.26.
MINDTECK (INDIA) LTD
(517344 & NSE) (44.35) (Face Value Rs.10)
Mindteck (India) Limited provides product engineering and information technology (IT) services
worldwide. It offers smart grid communication services, OEM/system solutions, data center and in-
premises energy management services, and IT application solutions; embedded design, embed-
ded verification and validation, and system services; product lifecycle management consulting,
advisory, system implementation and administration, and system services; validation/testing, pro-
gram management, and system integration/data migration services; and SAP solutions.
The Company's equity is just Rs.25.62crore while company has reserve of around Rs.159.81crore.
It has a share book value of Rs.76.44 per share & price to book value ratio stood at just 0.58x.
During FY19 it has reported turnaround numbers. For Q4FY19, it posted PAT of Rs.2.74 crore
against loss of Rs.5.65 crore on higher income of Rs.299.41 crore. Stock is looking attractive for
investment purpose. Everyone, whose financial advisor is allowing to trade in this stock for me-
dium to long term can watch with a stop loss of Rs.38.
SUPER CROP SAFE LTD
(530883) (26.5) (Face Value Rs.2)
Super Crop Safe Limited (SUCROSA) is one of the leading players in Agrochemical Industry
with presence in more than 8 states with 2100+ distributors' network. Company announced its
Financial Weekly

INVESTMENT
future plans with Q4 results.
Future Plans: Nutraceutical segment is a blooming market in India, with everybody focusing on
their health. This segment includes high demand and high margin products, ultimately the demand
for nutraceutical segment will be very high in coming years. Spirulina has received all the permis-
sions related to manufacturing and marketing. A Spirulina based Energy drink and few other prod-
ucts are at the final stage of development which will help us to enter the new market segment.
The company is planning to set up a technical grade plant for which we have already applied for
the land acquisition and we will be receiving the permission very soon. As soon as we receive the
permission, we will start the plant development work. At present, company holds the 10 technical
grade licenses. The production from this plant will be used for captive use as well as for sale in the
market. This will boost the topline, EBIDTA and PAT massively that will assist your company to
make a new space in the agrochemicals segment.
Recently, Promoters increased their stake through buying shares from open market which is
positive sign. Everyone, whose financial advisor is allowing to trade in this stock for medium to
long term can watch with a stop loss of Rs.22.
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. Inves-
tors 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.
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
PC Jeweller 534809 57.00 Motherson Sumi 517334 123.00
Adani Green 541450 42.00 Finolex Ind. 500940 500.00
BEL 500049 110.00 IGL 532514 335.00
VRL Logistics 539118 287.00 KPR Mill 532889 635.00
Redington (I) 532805 104.00 Kalpataru Power522287 491.00
PFC 532810 132.00 KSB Ltd. 500249 717.00
Equitas 539844 136.00 Varun Bev. 540180 934.00
INOX Leisure 532706 330.00 Atul Ltd. 500027 4102.00
Adani Trans. 539253 232.00 P.I. Ind. 523642 1170.00
RITES 541556 293.00 Voltamp Trans. 532757 1185.00
Intellect Desing 538835 274.00 Bata India 500043 1428.00
Aegis Logistics 500003 222.00 TCS 532540 2252.00
Financial Weekly

INVESTMENT
MARKET TREND
NIKHIL BHATT
(+919979380808)
WWW.INVESTMENTPOINT.IN
PERIOD : 17-6-2019 to 21-6-2019
Dear Traders…. For the Trading Period on 17.06.2019 TO 21.06.2019

NIFTY FO CLOSED @ 11828 AS ON 14.05.2019
NIFTY FO Range @ 11760 TO 11888 Point In Short Term…!!!
NIFTY FO has resistance at 11848 - 11860 Point; above which other resistance levels are at
11873 - 11888 Point with highly Volatile Trend, In Downside support levels are at 11808 - 11787
Point; below 11787 Point, other support levels are at 11760 - 11747 Point.
I am positive for next bullish trend only above @ 11888 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
@ 11888 Point, again then the upper side target is quite high and it may touch @ 11909 Point in
short term...!!!
BANK NIFTY FO CLOSED @ 30586 AS ON 14.05.2019
BANK NIFTY FO Range @ 30272 TO 30808 Point In Short Term…!!!
BANK NIFTY FO has resistance at 30606 - 30676 Point; above which other resistance levels
are at 30707 - 30777 Point with highly Volatile Trend, In Downside support levels are at 30474 -
30373 Point; below 30373 Point, other support levels are at 30303 - 30272 Point.
I am positive for next bullish trend only above @ 30777 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 @ 30777 Point, again then the upper side target is quite high and it may touch @ 30808
Point in short term...!!
Golden Stocks For Trading For the date - 21.06.2019 to 21.06.2019
1. HERO MOTOCORP FO (2670) : It is suggested to Buy @ Rs 2653 with SL of Rs 2647 for the
target of Rs 2688 - 2707; below Rs 2633 it can fall up to RS 2633 - 2626 levels. If it crosses Rs
2707 level than expect nonstop rally up to Rs 2717....!!
2. KOTAK BANK FO (1478) : Trading point of view Buy @ Rs 1460 With SL of Rs 1447 for the
target of Rs 1493 - 1500 level below Rs 1447 It can show further downfall up to Rs 1440…..!!!
3. TATA ELXSI FO (860) : Buy @ Rs 813 levels considering minor support of Rs 848 and stop
loss of Rs 840 for an upper target of Rs 873 - 880 levels. Below Rs 840 it can slip up to RS 833 -
827 levels…!!!
4. RAMCO CEMENT FO (784) : Buy @ Rs 770 levels considering minor support of Rs 763 and
stop loss of Rs. 757 for an upper target of Rs 797 - 808 levels. Below Rs 757 it can slip up to RS
753 - 747 levels…!!!
5. SUN TV FO (524) : Buy @ Rs 508 levels considering minor support of Rs 503 and stop loss
of Rs 498 for an upper target of Rs 533 - 540 levels. Below Rs 498 it can slip up to RS 493 - 490
levels…!!!
6. DYNAMIC IND. (77) : Delivery base Buy @ Rs 73 of this stock near @ Rs 70 with SL of Rs 67
for the target of Rs 83 - 90 level. It is very good for medium term position also…!!!
7. KHODAY INDIA (65) : This stock is looking very good to Buy @ Rs 60 with SL of Rs 57 for the
target of Rs 71 - 77 Levels below Rs 57 is stock shall witness free fall…!!!
Cont.....
Financial Weekly

INVESTMENT
8. HDFC LTD FO (2184) : It is suggested to Sell with SL Rs 2209 for the target of Rs 2170 - 2157
below @ Rs 2157 it can slip up to Rs 2147 - 2140 level. Above Rs 2209 level will take the stock to
Rs 2222 - 2230…!!!
9. INDIGO FO (1650) : It is suggested to Sell @ Rs 1673 with SL of Rs 1688 for the target of Rs
1633 - 1616 ; below Rs 1616 it can fall up to RS 1609 - 1603 levels. If it crosses Rs 1673 level than
expect nonstop rally up to Rs 1688....!!
10. M & M FO (636) : It is suggested to Sell with SL Rs 656 for the target of Rs 620 - 613 below
@ Rs 913 it can slip up to Rs 606 - 600 level. Above Rs.656 level will take the stock to Rs 663 -
670..!!!
11. CIPLA LTD FO (557) : It is suggested to Sell @ Rs 573 with SL of Rs 580 for the target of Rs
744 - 730 below Rs 730 it can fall up to RS 527 - 520 levels. If it crosses Rs 580 level than expect
nonstop rally up to Rs 588....!!
Note: - Before Act Please refer Terms & conditions, Disclaimer on www.nikhilbhatt.in
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Financial Weekly

INVESTMENT
Primary Market - Dilip K. Shah
After vacation in May, the primary market witnesses movement: SME IPOs queue up
Mainboard IPOs are waiting for budget: IPOs worth Rs. 30,000 crore are all set to hit the market
This week Five SME IPOs are in the market: One is from NSE SME and Four are from BSE SME Platform
Sudarshan Pharma's NSE SME with fixed price of Rs75 is likely to witness fancy on last day
Meera Ind's FPO gets good response from the beginning: Subscription will close on June 18
Anand Rayons' Rs12.66 crore BSE SME IPO will open on June 18
Parshva Enter's BSE SME IPO with fixed price of Rs45 will open on June 19 and close on June 21
Ahmedabad-based Earum Pharma's Rs6.65 crore SME IPO will enter into the market on June 21
Sudarshan Pharma's IPO may witness fancy on last day: May become multi-beggar
Meera Ind's past is glorious, present is attractive and future is bright that make FPO very attractive
Muthoot Fin's NCDs issue get robust response: Got closed on June 10 with 8.97 times subscription
IB Cons.Fin.'s NCDs issue gets 0.62 times subscription: will get close on June 21
SUICH Ind's BSE SME IPO get listed with 10% discounts: Retail investors get disappointed
As Narendra Modi led Government has returned to power, the primary market has started wit-
nessing some movement since May 2019. It has created positive impact on SME IPO but the
mainboard IPOs are waiting for the budget to be presented on July 5, 2019.
This week Five SME IPOs have entered into the market of which Four belongs to BSE SME
platform and One is from NSE SME platform. It is believed that mainboard IPOs worth Rs30,000
crore are all set to jump into the market. These IPOs include KPR Agrochem, UTI Mutual Fund,
Lodha Developers, NSE Bharat Seram, SREI Equipment and Flamigon Travels. Apart from that
around two dozen small and medium size IPOs are also waiting for the right moment to enter into
the market, which will collectively raise Rs15,000 crore. The government has set disinvestment
target of Rs90,000 crore.
* SUICH Industries (542683) :- The issue with fixed price of Rs75 got listed with more than 10%
discount at price of Rs68.50 and went up to Rs71.90 and down to Rs65.10 before closing at Rs71.35.
It closed at Rs71 on Friday.
* NCDs issue:-
• Muthoot Fin :- The issue with base price of Rs100 crore and shelf limit of Rs1,000 crore
opened on June 10 and has got 8.97 times subscription till now. It has got around Rs900 crore as
against target of Rs1000 crore. So the response could be termed as good.
• IB Consumer Finance :- The NCDs issue with base price of Rs100 crore and shelf limit of
Rs1000 crore has got 0.62 times subscription till now. It will close on June 21.
Listing Information of Forthcoming

SUICH Industries Mainline IPO’s
BSE SME Code 542683 IPO Size (Rs. Cr.)
Listing Date 13-6-2019 KPR Agrochem NA Allotment & Listing Process (Likely)
Offer Price Rs. 75.00 UTI Mutual Fund 5000 Sudarshan Meera
Listing Price Rs. 68.50 Lodha Developers 6000 Pharma Industries
Issue Closed 17-6-19 18-6-19
Listing Day High Rs. 71.90 NSE 10000 Finalisation of Basis of Allotment20-6-1921-6-19
Listing Day Low Rs. 65.10 Bharat Serum 2000 Refund/Unblocking of Fund from ASBA 21-6-19 24-6-19
Listing Day Close Rs. 71.35 SREI Equipment 20000 Credit of Eq. Shares to Demat A/c.24-6-19 25-6-19
CMP (14-6-19) Rs. 71.00 Flamingo Retail 2500 Listing on BSE / NSE 25-6-19 26-6-19
Financial Weekly

INVESTMENT
BSE SME IPO

Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size (Out of 50) %
1. Meera Ind. 13-6-2019 5,22,000 Eq. 225 500 Eq. Shares 40% APPLY
(FPO) 18-6-2019 (Rs. 11.74 Cr.) (Rs. 1,12,500) Short to mid Term
2. Anand 18-6-2019 46,88,000 Eq. 27 4000 Eq. Shares 32%

Rayons 24-6-2019 (Rs. 12.66 Cr.) (Rs. 1,08,000) Wait for Listing
3. Parshva 19-6-2019 8,10,000 Eq. 45 3000 Eq. Shares
--
Enterprise 21-6-2019 (Rs. 3.65 Cr.) (Rs. 1,35,000)
4. Earum 21-6-2019 18,48,000 Eq. 36 3000 Eq. Shares
NEXT WEEK
Pharma 26-6-2019 (Rs. 6.65 Cr.) (Rs. 1,08,000)
NSE SME IPO

Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size (Out of 50) %
1. Sudarshan 12-6-2019 34,40,000 Eq. 75 1600 Eq. Shares 39% APPLY
Pharma Ind. 17-6-2019 (Rs. 25.80 Cr.) (Rs. 1,20,000) Mid to long term
* This week's SME IPOs:-

• Sudarshan Pharma :- The NSE SME segment IPO opened on June 12 and will close on June
17, 2019. The Mumbai-based company has offered 34.40 lakh shares at price of Rs75 crore to
raise Rs25.80 crore. It has got 0.38 times subscription till now. The detailed analysis was given in
the last edition of Smart Investment.
The company' fundamentals are strong and it has witnessed average 54% growth in income,
1945 growth in profit and 140% growth in EBIT in last four years. The offer seems reasonable. It
should be noted that this sector's earlier SME IPO Valliant Organics was offered at Rs220 and not
it is being quoted at Rs1850. So this IPO can also become multi-beggar.
• Meera Industries :- Surat-based company entered into the market in April 2017 by offering
10.80 lakh equity shares to raise Rs3.89 crore. The company offered shares at price of Rs36. After
listing the stock price touched historic high of Rs393. It paid 10% dividend in 2017 and 22% in 2018.
The stock was in top five gainers on BSE SME platform for a long period.
Now the company is planning to raise Rs11.75 crore through FPO by offering 5.22 lakh shares
at price of Rs225. The issue will open on June 13. The company witnessed CAGR of 37.81T in
income and 53.34% in Net Profit. It is focusing more on exports. It exports its products to 26 coun-
tries.
The company is completing two years of listing on May 15, so it is likely to migrate on the main
board. The company's past is glorious, present is attractive and future is bright so it may give a
huge return in future. It is one more opportunity for those investors who missed the bus in 2017.
More details are given in separate box.
• Anand Rayons : Surat-based textile yard company is coming up with Rs12.66 crore IPO on
Main - line IPO (Non SME) June 18. Due to decrease in topline and
Sr Company Issue Open Dt. Issue size Listing Lead RONW, high volume and low margin busi-
Issue Close Dt. (Rs. Cr.) Manager ness and poor track record of merchant
1. K.P.R. 16-6-2019 (Rs. 210 Cr.) BSE P L Capital banker, it is advisable to wait till the issue
Agrochem (Likely) + OFS : 1,20,00,000 NSE Markets gets listed. More details are given in sepa-
Subscription Figures of SME IPO rate box.
IPO Listing Day Subscribed • Parshva Entreprise :- The company set
Sudarshan Pharma NSE SME 3rd Day Subscribed 0.23x up in 2017 is active in Gems and Jewellery
Meera Industries BSE SME 2nd Day Subscribed 0.38x
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. Indiabulls 30-5-2019 Base Size of Rs. 100 Cr. 1,000/- 10 NCDs BSE AA Stable by CARE
Consumer 21-6-2019 with an optionto retain (Rs.10,000) NSE &
APPLY
Finance Shelf Limit Rs. 900 Cr. Lead Manager : AA+ by Brickwork
Tranche II (Aggregating up to Edelweiss Fin., A.K. Capital
Rs. 1000 Cr.) Axis Bank, Edelweiss,
(Shelf Limit : 3000 Cr) Trust Investment Adv.
Subscription figure of segment. The company is also active in train gain and sells of
Muthoot Finance NCDs Issue real estate in Gujarat and Mumbai. The company plans to raise
Category No. of Bond Issue Rs3.65 crore through offering 8.10 lakh equity shares at price of
Issue Closed on Offered/ Subscribed Rs45. The issue will open on June 19 and close on June 21. The
10-6-2019 Reserved 10-6-2019 merchant banker is INventure Merchant Banker Services and Reg-
Category I 1,00,000 2.00x istrar is Bigshares Services.
Category II 1,00,000 12.86x
Analysis and recommendations will be posted on
Category III 3,00,000 7.01x
Category IV 5,00,000 10.77x www.smartinvestment.in.
Total (Base Issue) 10,00,000 8.97x • Earun Pharma :- Ahmedabad-based pharma company was
set up in 2012. It is active in trading, marketing and distribution
Subscription figure of of pharmaceutical products. It owns 125 drug formulations which
I.Bulls Cons. Fin. (Tranche II) include multi-vitamins, gynecologist, drops, steroids, anti-biotic,
Category No. of Bond Issue etc. It is also active in APIs business. The company has ware-
Offered/ Subscribed house in Ahmedabad. It has presence in South-East Asia, Latin
Reserved 14-6-2019 America and Africa.
Category I 2,00,000 0.00x The company is planning to expand its market presence and
Category II 2,00,000 0.04x increase customers satisfaction and upgrade market skills. It
Category III 3,00,000 0.18x
plans to raise Rs6.65 crore through offering 18.48 lakh shares
Category IV 3,00,000 1.86x
Total (Base Issue) 10,00,000 0.62x at price of Rs36. It will open on June 21 and close on June 26. It
will get listed on BSE SME. ***
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Financial Weekly

INVESTMENT
Meera Industries BSE SME (FPO)
Issue Opened on 13th June & Closes on 18th June
Offer price fixed at Rs. 225 ; Listing on BSE - SME
Considering, Strong track record, reasonable offer price
Attractive dividend policy, Positive turnaround of US Subsidiary
Expectation of bonus candidate apply for short to mid term
Incorporated in 2006, Meera Industries Limited is engaged in manufacturing of textile machines such as
winding, twisting, heat setting and cabling machines. In addition, the high-performance machines are also de-
signed, developed and sold by the company to other textile manufacturing and processing units. They also
provide a testing facility and assistance after sales to maintain a healthy relationship with customers. It also
exports textile machinery products in South America, Europe, America, Africa, and Asia continents. It has a
wholly owned subsidiary named Meera Industries USA LLC located in the State of Northern Carolina to supply
products in Canada, the USA and other South American countries. Meera Industries' manufacturing unit is
located at Surat, Gujarat to produce heat-setting, winding, and yarn twisting machine. An R&D Center approved
by DSIR (Department of Scientific and Industrial Research) is also located in this manufacturing unit
Issue Details
• Issue Opens on 13th June & Closes on 18th June, 2019
• Object of the issue : Fund Expansion of Manufacturing facilities at Sachin - Surat and Fund Expenditure
for General Corporate Purpose.
• Issue Size : 5,22,000 Eq. Shares Financial Particulars (Rs. Cr.)
Total Revenue
FY 16
--
FY17
13.49
FY 18
21.57
FY 19
35.31
• Face Value : Rs. 10, Total Rs. 11.75 Cr. Perfor- Profit After Tax -- 1.25 2.55 4.52
• Offer price : Rs. 225 Per Share. mance EPS -- 4.52 6.69 11.50
RONW (%) -- 32.98 27.74 32.94
• BRLM’s : Aryaman Financial Services Ltd.
• Market Maker : Aryaman Capital Markets.
• Minimum Lot : 500 Shares ; Listing : BSE SME (FPO)
• Registrar : Karvy Computershare Pvt. Ltd.
• Company Management : Mr. Dharmesh V. Desai, Mrs. Bijal D. Desai.
• Issue constitutes 11.73% of the post issue paid up capital
• Average of last 3 yrs. EPS Rs. 10.50 & RONW 32.54%
• Pre IPO Equity capital Rs. 3.93 Cr.
• Post IPO Equity Capital Rs. 4.45 Cr.
• Pre Issue P/BV Ratio : 6.05 (NAV : 35.52) (31-3-2019)
• Post Issue : P/BV Ratio : 3.72 (NAV : 57.75)
• Post IPO asking P/E on fully diluted Equity : 18.80
• BRLM’s performance : This is 32nd Issue from BRLM In Last 3 Years.
In Last 10 listing : 9 Issues opened with Premium & 1 Issue in Discount.
: Other side of Coin :

• This cost of the acquisition of equity shares to the promoter is Rs. 4 to 4.77 per shares
• It has issued bonus shares in the ratio of 3:2 in Jan. 2017
• Company has yet to place order for the all machinery.
• Top 10 customers accounted 58% of revenue.
• It has reported certain negative cash flow from its operating, investing & financial activities
• It has to face competition from organized and un-organized players.
• Application for the registration of trade-mark is under process
• Its US Subsidiary has incurred loss in FY 17-18
Recommendation : On consolidated base it has posted turnover, net profit of Rs. 19.94 Cr. / 2.41 Cr.
(FY 18) and Rs. 36.42 / Rs. 4.95 cr. (FY 19). Considering strong track - record, positive turnaround of US
Subsidiary, reasonable offer price, attractive dividend policy. Expectation of bonus candidate, investor may
apply for short to midterm.
Financial Weekly

INVESTMENT
Anand Rayons BSE SME IPO

Issue Opened on 18th June & Closes on 24th June
Offer price fixed at Rs. 27 ; Listing on BSE - SME
It’s financial performance is average and offer price is high
In absence of fancy in textile sector better to wait for listing
Incorporated in 1987, Anand Rayons Limited. It is engaged in trading of yarn and value-added
yarns including polyester filament yarns, nylon yarns, fancy yarns and dope dyed yarns. Initially,
the company had only one dealer for the polyester yarn that is Reliance Industries Limited to
trade in and around Surat, Gujarat. Now, the company has also extended dealership network
with JCT Limited for Nylon Yarn, and Indorama Synthetics India Limited, Filatex India Limited
and Garden Silk Mills Limited for Polyester
The yarn traded by the company has wide application in the weaving of sarees, yarn dyeing,
elastic tapes, carpets, and dress & shirting materials.
Issue Details
• Issue Opens on 18th June & Closes on 24th June, 2019
• Object of the issue : Incremental working capital requirements.
• Minimum Lot : 4000 Shares ; Listing : BSE SME Financial Performance
• Issue Size : 46,88,000 Eq. Shares Particulars (Rs. Cr.) FY 16 FY17 FY 18 31-1-19
• Face Value : Rs. 10, Total Rs. 12.66 Cr. (10 Months)
Total Revenue 219.92 270.62 259.59 231.76
• Offer price : Rs. 27 Per Share. Profit After Tax 0.46 1.05 1.45 1.72
• BRLM’s : Guiness Corporate Advisors Pvt. Ltd. EPS 0.85 1.57 2.00 --
RONW (%) 8.54 15.73 16.65
• Registrar : Bigshare services Pvt. Ltd.
• Market Maker : Basan Equity Broking Ltd. (Hyderabad)
• Company Management : Mr. Anand Bakshi
• Issue constitutes 31.29% of the post issue paid up capital
• Average of last 3 yrs. EPS Rs. 1.67 & RONW 13.57%
• Pre IPO Equity capital Rs. 10.30 Cr.
• Post IPO Equity Capital Rs. 14.98 Cr.
• Pre Issue P/BV Ratio : 2.23 (NAV : 12.11) (31-3-2018)
• Post Issue : P/BV Ratio : 1.61 (NAV : 16.77)
• Post IPO asking P/E on fully diluted Equity : 20.40
• BRLM’s performance : This is 29th Issue from BRLM In Last 3 Years.
In Last 10 listing : 9 Issues opened with Premium & 1 Issue in Discount.
: Other side of Coin :
• The average cost of acquisition of equity shares to the promoter is Rs. 10 per shares and offer
price Rs. 27
• Top line has gone down in FY 18
• RONW has gone down 50% during last 3 years.
• It has experienced negative cash flow in the previous year.
• Company's logo is not registered
• One of promoter group entity is engaged in similar line of business.
• Its high volume - low margin business.
Recommendation : - company's financial performance is average and asking PE & P/BV is
high, RONW has gone down. Further in absence of fancy in textile sector better to wait for listing.
Overall it's below average IPO.
Financial Weekly

INVESTMENT
Smart Best Buy S. N. Zaveri
KSB Pumps: Steady increase in Order book, Diversified client base

Info Edge: Huge product-services portfolio to invest in
Hero MotoCorp: Stock looks attractive after steep correction
Indigo: New offer will increase traffic further
Atul Ltd : Earnings at five year high, stock at 52-week high
KSB Pumps (Rs. 717.00) (Code : 500249) (F. V. : 10.00) :- KSB Pumps had
reported better Q4 numbers. Its net profit jumped 38% to Rs 15.70 crore against Rs.11.40 crore for
the same quarter last year.Is net sales was up 36 per cent at Rs.289 crore. EPS was up 38 per cent
at Rs.4.77 against Rs.3.59 for the same quarter last year. Net profit margin was almost flat at 5.43
per cent. KSB Pumps manufactures pumps and valves. The company supplies its products to
customers from industry and building services, OEMs, the energy industry, mining and the public
sector, power plants, process engineering etc. KSB's products are also used in chemical, petro-
chemical and other industries to transport aggressive, corrosive, explosive, solids-laden and vis-
cous liquids, industrial and municipal waste water and in the areas of heating and air conditioning.
The company has steady increase in order book and has diversified client base. The small-cap
company has equity capital of Rs 34.80 crore. Face value per share is Rs 10. Buy for longer term
perspective.
Info Edge (Rs. 2195.00) (Code : 532777) (F. V. : 10.00) :- Info Edge operates
a slew of Internet properties, including real estate portal 99acres.com, matrimonial website
Jeevansathi and education services portal Shiksha. Besides, it holds stakes in several technology
firms such as restaurant search platform Zomato, coupons site Mydala, online insurance aggregator
PolicyBazaar and e-learning firm Meritnation.Core businesses are expected to fire all cylinders
going ahead with improving demand environment. Reinvestment in PolicyBazaar is the next en-
gine for the value creation of the company; Zomato is progressing well, protecting its market share
and registering strong growth in delivery volume. Info Edge (India) Ltd has invested additional
money in online business-to-business footwear marketplace ShoeKonnect and agri-tech startup
Gramophone. Other companies in Info Edge's portfolio include medical healthcare records plat-
form MedCords, Delhi-based lifestyle products company Happily Unmarried Marketing Pvt. Ltd,
retail printing chain Printo, ZippServ, an online platform that provides risk-assessment services for
real estate investments. It has rich portfolio. Invest.
Hero MotoCorp (Rs. 2673.00) (Code : 500182) (F. V. : 2.00) : The BS6 regime
will kick off from April 1, 2020 and keeping that in mind, two and four wheelers have already started
moving their production to BS6. And as far two-wheeler manufacturers are concerned, Hero
MotoCorp has become the first company to get BS VI certification for its Hero Splendor iSmart.
Hero has received the type approval certificate from International Centre for Automotive Technol-
ogy (ICAT) after the Splendor iSmart was successfully tested for BS6 compliance. With the mon-
soon setting in, market share gains for the company are likely to increase. Volumes, too, are ex-
pected to grow over the next couple of months as the company has launched new models. Due to
weak sentiment in the market the stock is down 25 per cent from its year-ago level, which makes it
attractive. Buy.
Indigo (Rs. 1645.00) (Code : 539448) (F. V. : 10.00) :- The country's largest
domestic carrier, IndiGo, will induct six new ATR aircraft into its fleet by the end of third quarter.
Cont...
Financial Weekly

INVESTMENT
InterGlobe Aviation-owned IndiGo, which will use lease and sale back (SLB )mechanism to fi-
nance the deal, will take the delivery of aircraft from Canadian leasing company Chorus Aviation
Inc. during the second and third quarter of the current fiscal year. IndiGo flew 15.7 million domestic
passengers during the March quarter compared to 13.4 million in the year earlier.The airline cur-
rently has 232 aircraft in its fleet including 82 new generation Airbus 82 A320 Neos. Meanwhile, it
has announced a four-day summer sale, putting 10 lakh seats up for grabs as part of its summer
sale. Flight tickets start from ?999 on IndiGo’s domestic route in the latest sale.It will increase its
revenue further. As the Jet has been shut, Indigo will be huge beneficiary of this development. Buy.
Atul Ltd (Rs. 4102.00) (Code : 500027) (F. V. : 10.00) : ATUL has ramped up its
bottom line by 58%, with its latest earnings level surpassing its average level over the last five
years. In addition to beating its historical values, Atul also outperformed its industry, which deliv-
ered a growth of 17%. This paints a buoyant picture for the company. Atul’s ability to maintain an
adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This
indicates that it has sufficient cash flows and proper cash management in place, which is an impor-
tant determinant of the company’s health. Atul has produced operating cash levels of 6.78x total
debt over the past year, which implies that its management has put its borrowings into good use by
generating enough cash to cover a sufficient portion of borrowings. The stock has jumped almost
20 per cent in last three months. Buy on decline.
(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
14th June, 2019 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
÷kuLk yLku ykuðhzÙk^x : NA s{eLk yLku «kuÃkxeo Mkk{u

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10.50% Úke 11.50% ðkŠ»kf
• fku{þeoÞ÷ «kuÃkxeo • ELzMxÙeÞ÷ «kuÃkxeo
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÷kuLkLke hf{ Y. 25 ÷k¾Úke Y. 25 fhkuz MkwÄe
Dharmesh R. Shah (ykuøkýsðk¤k) 92272 07037
yusLx Ãký rLk{ðkLkk Au
y{ËkðkË, fze, f÷ku÷, {nuMkkýk, økktÄeLkøkh
Financial Weekly

INVESTMENT
Dalal Street Whispers Dilip K. Shah
Neogen Chemicals (Rs. 371.00) (Code: 542665) :- The company had issued
shares at Rs. 215 recently, and they have been hitting the upper circuit since. The stock is trading
70% higher than the issue price, and is likely to rise further.
Zee Entertainment (Rs. 336.00) (Code: 505537) :- The company’s viewership is
up 25%. Its regional channels have also reported strong growth. The company is likely to continue
to report strong growth.
Sobha Limited (Rs. 550.00) (Code: 532784) :- The share is up 30% in the last
month. The share is expected to outperform going ahead in anticipation of high core operating
cash flow.
Motherson Sumi (Rs. 123.00) (Code: 517334) :- The stock was correcting due to
problems in the company’s overseas subsidiaries. However, the company is showing strong rev-
enue growth on the back of its strong order book and new product launches.
Sterlite Techno (Rs. 181.00) (Code: 532374) :- The shares of this optical cables
manufacturer are in focus after the promoters secured release of 52.01% shares pledged with
lenders.
RITES (Rs. 293.00) (Code: 541556) :- This PSU’s board is slated to meet to discuss
bonus issue proposal. The stock is up 20% in last one month. The share had got listed in July last
year at Rs. 190.
Adani Enterprise (Rs. 152.00) (Code: 512599) :- The flagship company of Adani
Group recently received the environment department’s approval for its multi-billion dollar Austra-
lian coalmine project.
Adani Gas (Rs. 173.00) (Code: 542066) :- There are reports that French energy giant
Total is set to acquire 30% stake in Adani Gas for Rs. 5,500 crores. The share can be expected to
rise further in view of possibility of open offer.
PI Industries (Rs. 1155.00) (Code: 523642) :- The shares of this chemicals manu-
facturer have risen 37% in the last six months. Rating agency Crisil has upgraded the company’s
long-term credit rating.
Kalpataru Power (Rs. 510.00) (Code: 522287) :- Global brokerage house Phillips
Capital has initiated coverage on the stock, and given a ‘Buy’ rating with a target price of Rs. 670.
Tata Sponge (Rs. 716.00) (Code: 513010) :- Tata Sponge plans to issue 3.3 crore
shares on rights basis to raise Rs. 1650 crores. Eligible investors will get to subscribe for 15 shares
for every seven shares held. The issue has been priced at Rs. 500 per share. The company has
fixed June 25 as the record date for the rights issue.
Hexaware Techno (Rs. 344.00) (Code: 532129) :- Hexaware Technologies has
acquired US-based Mobiquity for $ 182 million. The acquisition would help Hexaware gain trac-
tion in banking and pharma verticals.
Mishra Dhatu (Rs. 130.00) (Code: 541195) :- The company’s order book touched
Rs. 1900 crores after it bagged an order of Rs. 197 crores recently.
Cont......
Financial Weekly

INVESTMENT
Trent (Rs. 396.00) (Code: 500251) :- The company’s board is slated to meet on June
18 to discuss fund raising proposals.
Welspun Corp (Rs. 140.00) (Code: 532144) :- Reports suggest that China has
levied anti-dumping duty on steel tubes imported from US and Europe. The move is expected to
benefit Welspun Corp.
Saint Gobain (Rs. 54.00) (Code: 515043) :- The government’s scheme to pay sub-
sidy directly solar panel manufacturers will benefit companies like Saint Gobain and Gujarat Borosil.
Delta Corp (Rs. 187.00) (Code: 532848) :- Movement is being seen in the share after
the Goa government laid to rest speculations about closure of its casino in Goa.
Nestle (Rs. 11490.00) (Code: 500790) :- The company is planning to launch its prod-
ucts outside India, which will be made at its plant in India.
KEC International (Rs. 320.00) (Code: 532714) :- The company has bagged sev-
eral big power transmission related orders. The share can be seen outperforming in the coming
days.
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
Think about NIFTY FUTURE ?

Think
WWW. NIFTYPREPAID.COM
Enjoy REAL Profit !!!!
Make CONSISTENT Profit !!!!
8401810865
Financial Weekly

INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
stockmarket@ganeshaspeaks.com
Sensex Predictions : Dt. 17th June to 21st June

" 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.
17-06-2019 Monday :- Practically, Ganesha can predict but how to act on it, this you
know better. But if you are able to make proper calculation, then short Nifty for one week.
Herein you can make gains of zero weightage for two days. (But do it with proper under-
standing) From 9:15 to 11:20, Nifty will do upside jobbing around the surface. " From 11:20
to 13:30, Nifty will have mix to negative impact. " From 13:30 to 15:30 Nifty will be strong
overall.
18-06-2019 Tuesday :- " Today is a zero weightage day. That's why Ganesha says
not to do anything. " Today (Moon-Ketu-Saturn) are in Sagittarius sign and (Mercury-Mars-
Rahu-Sun) are in Gemini sign. It will be a day of astrological and astronomical imbalance. "
You were already told about this day in the book one year in advance. You may see it again.
" Practically, you are suggested not to do intraday today. Still if you want to take risk, then do
according to the following method. " Sell Nifty around 11:00 and exit soon after you make
profit. " Buy Nifty around 13:13 and see if you can exit around 14:23 and 15:05.
19-06-2019 Wednesday :- " Today is zero weightage day. So Ganesha advises you
not to do anything. " From 9:15 to 9:57 Nifty will do timepass along with uptrend. " From 9:57
to 10:27, there will be correction in Nifty. " From 10:27 to 11:35, Nifty will be up. " From
11:35 to 12:12, Nifty will come down somewhat. " From 12:12 to 13:26 Nifty will be boring,
so don't do anything. " Nifty will be up from 13:26 to 15:19. " After 15:19 there will be profit
booking.
20-06-2019 Thursday :- " There will be a downtrend from the point where it opens in
a few minutes and this timepass will continue till 10:15. " From 10:15 to 11:15, buying of big
stocks will impact Nifty positively. " From 11:15 to 13:33, we will see the soft side of Nifty.
Small values will not make gains. Make position during this phase. " After 13:33 there will be
a good positive mood. In the last few minutes, there will be position reshuffle. Stay standing
in this situation.
21-06-2019 Friday :- " As per Astrology, Mercury and Moon are not together any-
more. This is good for personalised kundli. " In the 1st four hours of market's opening, the
performance may be averaage. So, you can do only jobbing. No need to make position. "
There will be correction from 13:00 to 13:30. But as it is a short time slot so it is difficult to
say how much will be the change one week in advance. " After 13:30 you may see a ray of
hope in Nifty. If you wish to do intraday for two hours, you can do it
Financial Weekly

INVESTMENT
REVIEW OF “SMART PLUS NEWS LETTER”

Amazing 8% RETURN
SMART GAIN FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
10-6-2019 High (%) 10-6-2019 High (%)
Apar Industries 641 655 2.18 Coal India 265 268 1.13
GRASIM Ind. 873.353 903 3.39 L&T 1513 1532 1.26
Godrej Pro. 867 919 6 Cadila HC 243 251 3.29
J K Cement 1018 1031 1.28 Wipro 295 298 1.02
Hester Bio 1793 1901 6.02 Bharti Airtel 357 363 1.68
Atul Ltd. 4028 4124 2.38 SBI 341 347 1.76
IGL 336 349 3.87 ITC 276 279 1.09
Symphony 1350 1377 2 Kesoram Ind. 68 69 1.47
GMM Pf. 1380.45 1463 5.98 Sail 48.25 51 5.7
Havells India 720 791 9.86 Jiya Eco 82.05 84 2.38
BATA 1379 1434 3.99 KNR Const. 281 289 2.85
Amarraja Batt. 616 638 3.57 J Kumar Infra 162 165 1.85
Pidilite 1255 1287 2.55 Pokarana 160 167 4.38
Coromandal 424 431 1.65 Capital Point 240 255 6.25
Abbott India 7965 8597 7.93 Garware Poly 239 255 6.69
KEI Ind. 480 485 1.04 Minda Corp. 116 119 2.59
Max Financial 432 444 2.78 Himadri Sp. 106 114 7.55
NTPC 134 136 1.49 VRL Logistics 291 295 1.37
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Financial Weekly

INVESTMENT
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Financial Weekly

INVESTMENT
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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
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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 17th June to 22nd June 2019 4

Interest Check : Happynessfactory.in

• Investing in an ad-hoc manner

• Inadequate insurance against risk

• Over-concentration in real estate

• A myopic view of tax planning

SMART 17th June to 22nd June 2019 5

More than 10 times return Meera Industries’ products were exported in 18

SMART 17th June to 22nd June 2019 6

SMART 17th June to 22nd June 2019 7

SMART 17th June to 22nd June 2019 8

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

More detail about Subscription

SMART 17th June to 22nd June 2019 9

CBC Pharma was founded by Mr. Chandravadan Bhagat. He

Mr. Chandravadan Bhagat realized that the pharmaceutical industry

SMART 17th June to 22nd June 2019 10

SMART 17th June to 22nd June 2019 11

Rapid Fire Stocks

- Kalpna J (Email- Kjtech79@gmail.com)

(Ring : 97690 37711) Twitter : @Kj_TechTrades

HDFC Bank (Rs. 2438.00)

SMART 17th June to 22nd June 2019 12

Rapid Fire Stocks

SMART 17th June to 22nd June 2019 13

Smart SME Stocks - Dilip K. Shah

Stocks to be considered for investment

SMART 17th June to 22nd June 2019 14

ACKNIT Ind. (530043) (90)

SMART 17th June to 22nd June 2019 15

SMART 17th June to 22nd June 2019 16

Bear attack under face of Bulls

Coal India : Buy

SMART 17th June to 22nd June 2019 17

Kesoram Industries Limited (Rs. 63.00)

SMART 17th June to 22nd June 2019 18

STILL IN TRADING RANGE ;

This Weeks Recommendations

SMART 17th June to 22nd June 2019 19

Buy or Sell, Confused ?

SMART 17th June to 22nd June 2019 20

Weakness exactly as anticipated but

SMART 17th June to 22nd June 2019 21

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

SMART 17th June to 22nd June 2019 22

Smart Education - Yog Joshi

Topic 10 (6) Different Type of Indicators

SMART 17th June to 22nd June 2019 23

Lowest Low = lowest low of the specified time period

SMART 17th June to 22nd June 2019 24

TECHNICAL TALK Dhananjay Kadam

Stocks for Handsome gains

TCS (Last Closing Price -: