Smart Investment - English - May 16 - 22, 2021

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

VOL : 14 • Issue No: 14 RNI No : GUJENG / 2008 / 24320 16th May 2021 to 22nd May 2021
FII ACTIVITY (Rs. in Cr.)

DATE BUY VALUE SELL VALUE NET VALUE
10-05-21 6860.97 6277.28 583.69
11-05-21 6577.06 6913.06 -336
12-05-21 5312 6572.59 -1260.5
13-05-21 HOLIDAY
14-05-21 5856.4 8464.25 -2607.8
TOTAL 24606.43 28227.18 -3620.7
DII ACTIVITY (Rs. in Cr.)
DATE BUY VALUE SELL VALUE NET VALUE
10-05-21 5851.72 6327.98 -476.26
11-05-21 5172.16 5848.83 676.67
12-05-21 5372.26 6076.62 -704.36
13-05-21 HOLIDAY
14-05-21 5444.16 4830.9 613.26
TOTAL 21840.3 23084.33 109.3
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Financial Weekly
SMART 16th May 2021 to 22 nd

May 2021 4
INVESTMENT
D(en)O(f)W(ealth)
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English), Smart Plus News Letter & Smart Bonanza (Gujarati Weekly), Smart Investment proudly announces launch of DOW
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Performance of our last Recommendation
Date Co. Remark
1st March 21 VIVI BIO Recommended at 52.5 on 23rd Feb. Booked 50% profit at 57
now book full profit at 61
2nd March 21 SAMRAT PHARMA Buy at 150Made a high of 204.85 on 23rd April
3rd March 21 HARIANA SHIP Recommended at 44 on 25th Feb.
Now book profit at 56
4th March 21 RANA SUGARS Buy at 9.75Made a high of 11.4 on 16th April
5th March 21 MULTIBASE INDIA Buy at 200 stop loss 185 Booked prpfit at 225
8th March 21 ITL IND Recommended at 115 on 26th Feb.
Now book profit at 129
8th March 21 HP COTTON Buy at 41.8 stop loss 36
Made a high of 51.2 on 8th April
17th March 21 PIONEER Emb. Buy at 39 stop loss 33
Made a high of 47.7 on 23rd April
18th March 21 HALDYN GLASS Buy at 33 stop loss 30 Booked 50% at 35 and then revised
stop loss of 31 clicked
18th March 21 ARO GRANITE Buy at 46 for target of 48-49-50
Booked profit at 48
18th March 21 FLEX FOOD Buy at 77 stop loss 72 Booked profit at 81
19th March 21 RAJOO ENG Buy at 20 stop loss 18 Remain range bound
19th March 21 RAMA PHOS Buy at 119 stop loss 106 Booked 50% at 124.8 & then made
a high of 149.9 on 6th April
23rd March 21 FAZE THREE Book profit at 82 call given at 64 on 15th Feb.
23rd March 21 TOTAL TRANSPORT Buy at 46 stop loss 41 Remain range bound
24th March 21 SHILP GRAVURES Buy at 89 stop loss 84 Made a high of 94.95 on 30th March
25th March 21 ANDHRA PETRO Buy at 58.5 stop loss 52 Made a high of 66 on 5th April
25th March 21 HIND TIN Buy at 63 stop loss 57 Made a high of 69.5 on 9th April
25th March 21 VIKRAM THERMO Buy at 163 stop loss 151
Made a high of 198.55 on 23rd April
26th March 21 GEE LTD Buy at 38.65 stop loss 36 Made a high of 40
1st April 21 CAPRIHANS Buy at 83 stop loss 76 Made a high of 100.75
12th April 21 SAMRAT PHARMA Buy at 145 stop loss 124 Made a high of 204.85 on 23rd April
Contact : (M) 9825006980 & 9979330348

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Financial Weekly

May 2021 5
INVESTMENT
Rapid Fire Stocks
Kalpna J (Email- Kjtech79@gmail.com)

(Ring : 97690 37711) Twitter : @Kj_TechTrades
Pidilite Industry
Buy at cmp 1875, Targets 2222 to 2500
(Accumulate)
Pidilite Ind reports 96% YoY jump in Q4 PAT
Pidilite Industries posted a 96.4% jump in consolidated net profit to Rs 307.44 crore on 44.7%
jump in net sales to Rs 2235.52 crore in Q4 FY21 over Q4 FY20.
Profits before tax soared 85.1% to Rs 411.19 crore in Q4 March 2021 from Rs 222 crore in Q4
March 2020. EBITDA before non-operating income stood at Rs 460 crore in Q4 FY21, rising by
52% over the same quarter last year.
The adhesive makers Consumer and Bazaar (C&B) segment registered volume and value growth
in excess of 45% during this quarter. Robust growth was registered across all major categories like
adhesives, construction chemicals and DIY segment driven by continued demand momentum in
both rural and urban geographies.
The Business to Business (B2B) segment posted sequential strong volume and value growth in
excess of 26% aided by gradual and consistent pick-up in economic activities. Overseas subsid-
iaries have reported high double-digit constant currency revenue growth as well as strong earn-
ings growth.
The companys overseas subsidiaries reported high double-digit constant currency revenue
growth as well as strong earnings growth. The company posted a 0.4% rise in consolidated net
profit to Rs 1126.13 crore in the year ended March 2021 (FY21) compared with Rs 1122 crore
posted in year ended March 2020 (FY20). Net sales stood at Rs 7,292 crore in FY21 as against Rs
7294 crore in FY20. EBITDA for the year ended stood at Rs 1,683 crore and grew by 7% over last
year. Pidilite Industries is a leading manufacturer of adhesives and sealants, construction chemi-
cals, craftsmen products, DIY (Do-It-Yourself) products and polymer emulsions in India.
Cont....
Financial Weekly

May 2021 6
INVESTMENT
HDFC (Rs. 2422)

Targets - 2777 to 2950, Time Frame 3 to 12 Months
(Add in all Dips and SIP Mode)
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to re-
ceive an 'in principle' approval from the ReserveBank 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 ReserveBank 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

May 2021 7
INVESTMENT
KOTAK BANK (Rs. 1707)

Target - 2100 to 2450 ,
Time Frame 2 to 9 Months ( Add in All Dips )
The banks total income rose to Rs 8,124.92 crore in Q3 December 2020 from Rs 8,077.03 crore
in Q3 December 2019. Profit before tax in Q3 FY21 stood at Rs 2,484.31 crore in Q3 December
2020, up by 27.7% from Rs 1944.07 crore in Q3 FY20. Tax expense sharply rose to Rs 630.77
crore in Q3 December 2020 from Rs 348.17 crore in Q3 December 2019.
Operating profit increased by 81.1% to Rs 3083.34 crore in Q3 December 2020 from Rs 2388.07
crore in Q3 December 2019. Net interest income grew by nearly 17% to Rs 4007 crore in Q3
December 2020 from Rs 3430 crore in Q3 December 2019. Net Interest Margin (NIM) for Q3 De-
cember 2020 was at 4.51%. CASA ratio as of 31 December 2020 stood at 58.9% compared to
53.7% as at 31 December 2019. The result was announced during market hours today, 25 January
2021.
On the asset quality side, gross non-performing assets (NPAs) stood at Rs 4,928.04 crore as on
31 December 2020 as against Rs 5,335.95 crore as on 30 September 2020 and Rs 5,413.20 crore
as on 31 December 2019.
The ratio of gross NPAs to gross advances stood at 2.26% as on 31 December 2020 as against
2.55% as on 30 September 2020 and 2.46% as on 31 December 2019. The ratio of net NPAs to net
advances stood at 0.5% as on 31 December 2020 as against 0.64% as on 30 September 2020 and
0.89% as on 31 December 2019.
Provisions and contingencies spiked nearly 35% to Rs 599 crore in the third quarter as against
Rs 444 crore in the same period last year.
In accordance with the Resolution Framework for COVID-19 announced by RBI on 6 August
2020, as at December 31, 2020, the bank has approved, for certain eligible borrowers, one-time
restructuring of 0.28% of net advances. The bank has not classified any NPAs since 31 August
2020, basis the interim order of Supreme Court. Had the bank classified the borrowers more than
90 days overdue on 31 December 2020 as NPA, GNPA would be 3.27% and NNPA would be
1.24%. The bank has, however, made provision for such advances including towards interest ac-
crued but not collected for the entire period, with moratorium. COVID related provisions as of 31
December 2020 stood at Rs 1,279 crore.
Cont....
Financial Weekly

May 2021 8
INVESTMENT
Capital adequacy ratio of the bank as per Basel III, as of 31 December 2020 was 21.5% and Tier
I ratio was 20.9%.
Advances as at 31 December 2020 were at Rs 214,103 crore (Rs 204,845 crore as at 30 Sep-
tember 2020 and Rs 216,774 crore as at31 December 2019). Customer assets, which includes
advances and credit substitutes, were Rs 228,809 crore as at 31 December 2020 (Rs 218,790
crore as at 30 September 2020 and Rs 227,206 crore as at 31 December 2019).
Kotak Mahindra Bank (the Bank) is the flagship company of the Kotak Group. It is one amongst
the fastest growing banks and the most admired financial institutions in India. The Bank offers
transaction banking, operates lending verticals, manages IPOs and provides working capital loans.
The principal business activities of the Bank are organised into consumer banking, commercial
banking, corporate banking, treasury, and other financial services. As of 31 December 2020, the
Bank had 1603 branches and 2573 ATMs across the country.The Bank along with its subsidiaries
offers a comprehensive range of financial products and services to its customers. The key busi-
nesses are commercial banking, investment banking, stock broking, vehicle finance, advisory ser-
vices, asset management, life insurance and general insurance. The Bank offers complete finan-
cial solutions for infinite needs of all individual & non-individual customers depending on the cus-
tomers need - delivered through a state of the art technology platform. They also offer investment
products like Mutual Funds, Life Insurance, retailing of gold coins and bars etc.
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Financial Weekly

May 2021 9
INVESTMENT
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Financial Weekly

May 2021 10
INVESTMENT
SPECIAL REPORT
RAJOO ENGINEERS LTD

(522257) (24.60) (Face Value Re.1)
Based in Rajkot, Rajoo Engineers Particulars 3 Month Ended
Q3FY21 Q3FY20 % Var.
Limited, having made a modest be- Sales 42.16 26.82 57.20
ginning in 1986, has today emerged Operating
Profit 5.38 2.09 157.42
as an undisputed global player in PBT 4.63 0.82 464.63
blown film and sheet extrusion lines. PAT 3.30 0.62 432.26
Owing to its focused efforts in blown film and sheet extrusion lines, the Company
enjoys premium market position in this segment. Being a technology driven Com-
pany, product innovations, world-class quality, state-of-the-art workmanship, in-
creased energy efficiency and high levels of sophistication and automation have
become the hallmark of Rajoo products during all these years, positioning the
Cont...
Some successful recommendations of

SMART Research Report…
Recomm. Date Stocks Recomm. High Price Appreciation
Rate After (%)
Recomm.
15th February 21 NITTA GELATIN 171.5 206 20%
22nd February 21 GALLANTT METAL 46.8 71.25 52%
1st March 21 RDB RASAYAN 53.45 80 50%
8th March 21 MOREPEN LABS 29.3 72.05 146%
15th March 21 VIPUL ORGANICS 151 204.85 36%
22nd March 21 RAJOO ENGINEERS 20.45 25.75 26%
29th March 21 GEE LTD 38.55 48.1 25%
5th April 21 CAPRIHANS 84 136 62%
12th April 21 ISFT 72 96.6 34%
19th April 21 SHIVALIK BIMETAL 83.8 97.65 17%
26th April 21 GEE LTD 38.6 48.1 25%
3rd May 21 PTL ENTER 36.1 41.9 16%
10th May 21 PASUPATI ACRYLON 17.9 22.45 25%
Financial Weekly

May 2021 11
INVESTMENT
Company's products on a global platform, competing with the established world

leaders. With representations in many countries of the world and customers in
over 70 countries, the Company's exports have multiplied after its debut in the
international market in 1990.
REL has an equity base of Rs.6.15 crore that is supported by reserves of
around Rs.65 crore. The promoters hold 65.80% of the equity capital, which leaves
34.20% stake for the investing public.
For Q3FY21, it posted 432% higher PAT of Rs.3.30 crore on 57% higher sales
of Rs.42.16 crore fetching an EPS of Rs.0.54. For 9MFY21, it posted 430% higher
PAT of Rs.7.05 crore on 42% higher sales of Rs.95.93 crore and an EPS of
Rs.1.15.
Currently, the stock trades at a P/E of 20.65x.
On account of strong fundamentals, it is likely to achieve decent levels in 9-12
months. Keep stop loss of Rs.20 for your buying.
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
Ambalal Sara. 500009 40.05 UPL Ltd. 512070 743.00
Mangalore Ch. 530011 95.00 Escorts 500495 1164.00
Tinplate 504966 200.00 BATA India 500043 1387.00
Welspun India 514162 101.00 Polycab 542652 1602.00
Apollo Tyres 500877 208.00 Voltas 500575 999.00
IEX 540750 373.00 Concor 531344 572.00
Jindal Steel 532286 417.00 L&T 500510 1415.00
ICICI Pru. 540133 560.00 PI Industries 523642 2698.00
Ramkrishna F. 532527 648.00 Asian Paints 500820 2773.00
Tata Consumer 500800 645.00 Pidilite 500331 1888.00
Tata Comm. 500483 1084.00 Britannia 500825 3500.00
Hatsun Agro 531531 828.00 GMM Pfaudler 505255 4434.00
CDSL NSE 832.00 Nestle 500790 17217.00
Financial Weekly

May 2021 12
INVESTMENT
Smart Education : Ankit Gala : buzzpublishing@gmail.com

SOTP Valuation Method
Last week we tried to understand Relative Valuation Method and how it is carried
out and this week we shall try to understand SOTPValuation Method and how it is
carried out.
SOTPValuation Method -
SOTP i.e., "Sum of the Parts" is another valuation technique which is used in fundamental
analysis.
Under this valuation process, a value of a company is determined by summing up the value of
each of its business divisions.
This method of valuation is most commonly used to value a company comprised of business
units in different industries since valuation methods differ across industries depending on the nature
of revenue.
The basic idea of this method of valuation is to calculate the worth of each business division of
the company if they were spun off or acquired by another company. Hence this method of analysis
is also known as Break-up Analysis.
Steps to Perform SOTP Valuation:
The following steps are required to arrive at a relative valuation:
Step 1: Determine the Business Segments.
Step 2: Value Each Segment using appropriate Valuation Method.
Step 3: Calculate Intrinsic Enterprise Value and Intrinsic Equity Value.
Step 4: Calculate Intrinsic Value of

Share.
Step 5: Apply Diversification Discount.
To learn how to carry out Relative
Valuation of a stock in detail with help of an
example, you can read my Book titled
Fundamental Analysis of Shares co-
authored by Khushboo Gala. Book is
available in English, Hindi, Gujarati and
Marathi.
Financial Weekly

May 2021 13
INVESTMENT
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Financial Weekly

May 2021 14
INVESTMENT
SMART
BUY OF THE WEEK
Dark Horse
Dark Horse-1
Vasundhara Rasayans
(538634) (86.10) (Face Value Rs.10)
Vasundhara Rasayan Limited, is the leading manufacturer and exporter of Antacids thera-
peutic category of Active Pharma Ingredients (API) with annual capacity of about 1500 MT of
powder or its equivalent products. It's plant Particulars 9 Months Ended

9MFY21 9MFY20 % Var.
is located on National Highway between
Sales 17 16.31 4
Mumbai and Goa in an Industrial Zone called PBT 3.51 2.69 30
Mahad which is about 170 KMS from
PAT 2.86 2.13 34
Mumbai. In addition to the API manufacturing Vasundhara is also having an API intermediate
plant to handle organic products with its state of the art specialised Friedel Craft reaction
facility.
Company has an equity base of just Rs.3.18 crore supported by reserves of around
Rs.16.35 crore. The promoter holds 61.98 % while the investing public holds 38.02% stake in
the company.
For 9MFY21, it posted 34% higher PAT of Rs.2.86 crore on higher sales of Rs.17 crore
and an EPS of Rs.8.06. At CMP, it is trading at P/E ratio of just 8.1x.
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

May 2021 15
INVESTMENT
Dark Horse-2
VIPUL ORGANICS
(530627) (176.9) (Face Value Rs.10)
Vipul group of companies laid its founda-
Particulars 3 Months Ended tion stone in the year 1968, beginning with
Q3FY21 Q3FY20 % Var. manufactures of Pigment Powder, Pigment
Sales 31.71 24.62 29% Dispersion, Leather Dyes, Naphthols, Fast
color bases, Fast color salts & Dyes interme-
Op. Profit 4.58 2.59 77%
diates. The company currently serves clients
PAT 2.14 1.69 27% across broad spectrum of industries ranging
from Textile, Paint, Printing Ink, Cosmetics & Food Industry, Plastic and several other industries
and has presence in both local and international market. Vipul organics is having manufacturing
facilities at tarapur ambarnath palghar. They have also acquired land at Dahej. In listed space only
Sudarshan and Vipul are present in organic pigments. In inorganic pigments even Meghmani has
presence. Meghmani does only blue green and gray pigment which is easy to copy as it is com-
modity. Whereas Sudarshan and Vipul are purely focusing on pink orange and red pigments.
The Company has an equity of Rs.9.55 crore backed by huge reserves of around Rs.25 crore.
The promoters hold 63.74% while the investing public holds 36.26% stake in the company.
It posted superb Q3FY21 numbers as net profit grew 26.62% to Rs.2.14 crore from Rs.1.69 crore
in Q3FY20 on 28.79% higher sales of Rs.31.71 crore fetching an EPS of Rs.2.24. For 9MFY21, it
reported 18.49% higher PAT of Rs.5.19 crore on 14.47% higher sales of Rs.81.36 crore and an
EPS of Rs.5.39.
Investors can accumulate this stock with a stop loss of Rs.150. It may give very
good returns in medium to long term.
Some Super Duper recommendations of

SMART BUY OF WEEK (SMART DARK HORSE)
Rate After (%)
Recomm.
22nd March 21 PRESSMAN 23 26.75 16%
29th March 21 SHILP GRAVURES 93 123 32%
29th March 21 hind tin 63.55 82.9 30%
5th April 21 LIKHITHA INFRA 343.4 418.95 22%
5th April 21 RUBFILA INTER 59.35 78.9 33%
12th April 21 SAMRAT PHARMA 144 285 98%
12th April 21 BCL Industries 125 155.4 24%
19th April 21 INDIAN TONERS 129 183.95 43%
19th April 21 SHREYAS SHIPPING 76.85 114.9 50%
26th April 21 MADHAV MARBLES 46.35 57 23%
3rd May 21 AGAR IND 152 213.3 40%
3rd May 21 FIBERWEB 29 46.9 62%
10th May 21 ANUH PHARMA 139.2 166.45 20%
10th May 21 UTTAM SUGAR 143 163.65 14%
Financial Weekly

May 2021 16
INVESTMENT
Stock Buzz
Subramanian Mahadevan
dolphincapital@gmail.com
Mahindra EPC Irrigation Limited (Rs.140)

Harvesting Growth!
Mahindra EPC Irrigation Limited (MAHEPC) - is a Nashik (Maharashtra) based company
incorporated in 1981 and currently owned by renowned Mahindra group (M&M) - $19 billion
multinational group based in Mumbai with controlling stake of 54.76% after it acquired from
erstwhile promoters in 2011 enabling M&M to enter micro-irrigation sector. This has been a
related diversification (Farm-to-Fork model) for M&M in the agriculture space where it has a
major presence in machinery and services through the Farm Equipment Sector. MAHEPC
provides complete solution for agriculture with products of international standard and high
focus on micro-irrigation, pumps & inter-related requirements of fertigation & agronomic
support and has a strong & widely spread network with presence in more than 15 states. Its
product include Drip Irrigation System, Sprinkler Irrigation System, Pumps, Pipes and Land-
scape& Turf Irrigation. Under the leadership of M&M, once debt saddled MAHEPC with
multiple challenges of managing growth and liquidity constraints, has emerged much stron-
ger than before wherein topline almost trebled and bottom-line rose 10X in the last six years
despite poor monsoon and even worst drought in few northern states. Market leader Jain
Irrigation which controls giant share of 55% (Market Size: 2500 crore) in the micro-irrigation
space is slowly vanishing due to huge debt and poor corporate governance issue giving
tremendous opportunity for MAHEPC to move ahead with phenomenal growth in the years
ahead to become an undisputed leader in the drip irrigation space. Q3 2021 results were
quite reasonable given COVID-19 crisis, topline declined 10% to 72.55 crore and PAT declin-
ing by more than 60% to 4.04 crore when compared the same period previous year. MAHEPC
closed the current financial year with topline of 257.30 crore and bottom-line of 19.19 crore
and had even declared dividend for the second consecutive year. By 2025 M&M may merge
the entire agri-business into one single large listed vertical viz FineGrade (Pulses), Saboro
(Fruits, Dairy), NuPro (Edible Oil) and other allied service and products within MAHEPC and
won't be surprised if MAHEPC becomes 1000 crore company in next four years. After two
decades, the company is back in the dividend paying list and would expect good times for
this company and sector as a whole. Buy on declines for multi-bagger returns.
Financial Weekly

May 2021 17
INVESTMENT
- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789
Nifty Overview : In Last Trading Session, Nifty closed at 14717. Nifty is currently trading in range which is
between 14400 and 15050. Support for Nifty are 14650/14550/14400/14300 and resistance is 14890/14980/15050. If Nifty
closes below 14550 then can go down further and if it closes above 14980 then can move up further. We could see Selling
Pressure in Nifty on last trading session So it is advisable to sell at rise until Nifty crosses 15050.
Bank Nifty Overview : In Last Trading Session, Bank Nifty closed at 32200. Bank Nifty range is between
30800 and 33700. Currently Bank Nifty seems weak but support is at 31700/31300/30800 and resistance is at 33300.
Close above 33300 makes it strong. So Buy near Support or Sell near resistance would be good strategy for now.
Trading Results
Scrip Name BSE Code Buy / Enter at Did High/ Remarks
Sell Low
Coal India 533278 Buy 138 160 Target Achieved
PNB 532461 Buy 33.3 37.9 Did High
Adani 512599 Sell 1333.80 1218 Target Achieved
JSW Steel 500228 Sell 775 682 Target Achieved
Tata Steel 500470 Sell 1245 1121 Target Achieved
Wipro 507685 Sell 526.75 492.90 Target Achieved
Scrip Name BSE

Trading Buy
Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Canara Bank 532483 146 135/145 160 180 125
Coal India 533278 147 140/145 155 165 137
Dabur 500096 535 525/535 565 590 515
HPCL 500104 255 240/245 260 280 232
IBulsHsgFin 535789 180 170/175 185 195 165
Pidilite Ind 500331 1874 1840/1850 1890 1950 1815
PNB 532461 35 32/35 40 50 29
RBL Bank 540065 188 180/185 198 215 172
Sun Tv 532733 525 510/515 530 555 502
Zee 505537 191 180/185 195 210 175
Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Adani 512599 1230 1290/1310 1240 1190 1345
Apollo Hospital 508869 3148 3350/3370 3300 3200 3410
Grasim 500300 1380 1415/1430 1380 1340 1460
Hindalco 500440 382 415/420 405 380 435
JSW Steel 500228 757 770/775 755 735 785
Wipro 507685 498 515/520 505 480 535
Note : All calls are momentum calls based on technical analysis and all levels as per future prices (If scrip not available
in futures then BSE Cash price). All these calls are given based on daily charts but intra-day signals are equally important
to enter the trade in a timely manner. Timing is very important and we at shareinfoline.com give you timely calls based on
intra-day charts. Read Disclaimer at ShareInfoline.com
Financial Weekly

May 2021 18
INVESTMENT
TECHNICAL TALK
Dhananjay Kadam - TECHNICAL ANALYST
Corrections Are Temporary, Growth is Permanent

Fearful Weak End !
“The secret to being successful from a trading perspective is to have an indefatigable and
an undying and unquenchable thirst for information and knowledge.”
- Paul Tudor Jones
Meaning : As that old saying goes ‘knowledge is power’. With trading that undeniably
true."
* The Indian market ended the day on a mixed note but slipped more than 1 percent in the
week ended May 14. The S&P BSE Sensex closed 42 points higher at 48,733, while the
Nifty50 ended the day 0.13 percent lower at 14,677.
Sectorally, buying was seen in FMCG, capital goods and consumer durables, while selling
was seen in metals, realty, public sector and utilities.
The index formed a bearish candle on daily and weekly charts.
* India VIX moved up by 0.93 percent from 20.08 to 20.26 levels.
* Dr Reddy Q4 First Cut – Ebitda and Ebitda margin ahead of expectation …Flat growth
in North America Business…Higher Tax expenses fell bottomline
Net profit Rs554cr (down 27.4% YoY) – expectation Rs638cr
Ebitda Rs1133cr (up 20% YoY) – expectation Rs1068cr

Ebitda margin 24% vs 21.2% - expectation 21.8%
Tax expenses Rs253.6cr – expectation Rs175.5c

Dividend Rs25 a share
Income Rs4730cr (up 7% YoY) – expectation Rs4899c

North America business down 3% (YoY)
Company started a soft launch of Russia’s Sputnik V Covid-19 vaccine in India as part of
a limited pilot. It received regulatory clearance from India’s Central Drugs Laboratory on May
13. The first dose of the vaccine was administered in Hyderabad on May 14 * More consign-Cont...
Financial Weekly

May 2021 19
INVESTMENT
ments of imported doses are expected over the coming months.
* Welspun India – Board approved Buyback

Route : Tender Route
Buyback Price : 120/-
Buyback Size (in ?) : 200 Crore

Buyback Size (in Shares) : 1,66,66,667 shares
Retail Quota - 25,00,000 shares
Record Date - 26 May 2021

Closing Price : 101.25/-
* ESCORTS : Q4 CONS NET PROFIT 2.71B RUPEES VS 1.28B (YOY); EST 2.7B
| 2.87B (QOQ) || Q4 REVENUE 22.1B RUPEES VS 13.86B (YOY)
ESCORTS: Q4 REVENUE 22.29B RUPEES VS 13.86B (YOY) || DECLARED DIVIDEND
OF RUPEES 7.5/SHARE
* L&T :- Q4 CONS NET PROFIT 32.93B RUPEES VS 31.97B (YOY); EST 30B |
24.67B (QOQ)
Q4 REVENUE 480.88B RUPEES VS 442.45B (YOY)
CO RECOMMENDED A FINAL DIVIDEND OF 18 RUPEES PER SHARE
CONSOL ORDER BOOK AT 3.27 TRLN RUPEES AT QTR END
* Cash Prov Fig (14/05/2021)
FII /FPI
Buy 5,856.40
Sell8,464.25
Net -2,607.85
DII
Buy 5,444.16
Sell 4,830.90
Net 613.26 Cont...

Financial Weekly

May 2021 20
INVESTMENT
# G E Shipping (Last close Rs 398) : It is India's largest private

sector shipping service provider enjoying a formidable presence in the international maritime
industry. The shipping business operates under two main businesses : dry bulk carriers and
tankers.
Market Cap Rs. 5,847 Cr
Face Value Rs 10.0
52 Week High / Low
Rs. 419 / 189
Stock P/E 7.00
Book Value Rs. 524
Dividend Yield 2.04 %
ROCE 9.08 %
ROE 11.5 %
* Stock is trading at 0.76 times its book value
* Debtor days have improved from 29.23 to 22.22 days.
Technicals : Bullish Flag Breakout on Daily Chart. One can buy and hold for a price
target of Rs 464 - 480 . Stop-loss is Rs 380 on daily closing basis. Time frame is 11 days.
# Central Depository Services (Last close Rs 830) :-

It operates as a securities depository in India. The Company offers service for a range of
clients, such as depositary participants and other capital market intermediaries, corporates,
capital market intermediaries, insurance companies and others.
Market Cap Rs. 8,672 Cr.
52 Week High / Low
Rs. 834 / 217
Stock P/E 43.3
Book Value Rs. 83.9
Dividend Yield 0.54 %
ROCE 32.4 %
ROE 25.0 %
Face Value Rs. 10.0
* Company is almost debt free.
* Company is expected to give good quarter. Increasing Demat Accounts will benefit
CDSL.
* Company has delivered good profit growth of 24.10% CAGR over last 5 years
* Company has been maintaining a healthy dividend payout of 42.69%
Debtor days have improved from 34.34 to 25.21 days.
Technicals : Bullish Flag Breakout on Daily Chart. One can buy and hold for a price target
of Rs 910 . Stop-loss is Rs 808 on daily closing basis. Time frame is 16 days.
Financial Weekly

May 2021 21
INVESTMENT
TRADNICAL STRATEGY
Email: nimesh_thaker@yahoo.co.in, M. 9228237373
NIMESH THAKER, BARODA
Sebi Registered No. : INH000005874
Both Side Trades are Advisable

In the last week , Market was quite choppy in the range where stock specific action was
witnessed. Global market is now back to momentum and I think indian market will also follow
the same direction. Result sessions are going on and where we observed many companies
have delivered good results which were better than the market expectations.
On technical point of view, The tri-star doji pattern was formed on a daily chart indicating
trend reversal of short term trend, however multiple support levels may restrict fall in the
Nifty. But I think that overall buying momentum has started in the global market which may
keep our market in the range bound, for next week. On the down side 14550-14300 may act
as strong support while 14950-15100 would be the resistance area.
On Nifty option side, Option selling activity has witnessed on both -Call and Put options of
nifty, which indicates that short term traders are expecting range bound moves in the nifty
until then nifty doesn't break the range.
With all data in mind, I recommend to trade on both sides and also book profit on small
gain. If nifty falls near 14400-14500 then buying is advisable and if it reaches at 14900-15000
level then selling is advisable with the strict stop loss of range.
For your investment and trading related query you can contact me on 9228237373.
SPARC : Buy
Buy Range: 222-210, Target: 270-290 stop loss 197
Allocation: 10% of trading capital
The stock has consolidated between 140-200 levels since the last 2 years. After consoli-
dation it has given a strong break-out with volume. I expect it may test up to 270-290 levels
in the short term hence I recommend to buy with above stoploss (closing basis).
Financial Weekly

May 2021 22
INVESTMENT
Techno Funda Sachin Shah :

growyourwealthwithsachin@gmail.com
(Mumbai)
sound stocks M. : 9372144204
Some recent successful performance

Publish Date Stocks Rate High Price Appreciation
22nd Feb-21 HAPPIEST MIND 537.6 868.85 62%
1st March-21 C G POWER 56.7 91.95 62%
8th March-21 VEDANTA 219.55 296.3 35%
26th April-21 LUPIN 1079 1246.8 16%
GUJARAT AMBUJA EXPORTS LTD

(524226 & NSE) (167.8) (FV 1)
Gujarat Ambuja Exports Limited (GAEL) is principally involved in the manufacturing of Corn
Starch Derivatives, Soya Derivatives, Feed Ingredients, Cotton Yarn, and Edible Oils. Since its
incorporation in 1991, GAEL strives to serve the Food, Pharmaceutical, Feed and many other
industries with a long term growth strategy in the Agro-Processing sector.
Promoter holding; 63.84%
Pledge: 0
Debt equity: 0.11
9MFY21 9MFY20
Sales 3028.76 crore Sales 2918.43 crore
PAT 219.45 crore PAT 91.39 crore
Technically Speaking : Stock made a higher low in 2020 as compared to

previous cycle in 2008 and stock has crossed the previous high made in 2018. Monthly ADX,
MACD, PSAR and SUPER TREND are all in buy mode and is trading above 20 MEMA Accumu-
late on dips for a target 220 in 15 to 18 months.
Financial Weekly

May 2021 23
INVESTMENT
Terrific Shots - Dilip K. Shah
Siemens (Rs. 1993.00) (Code: 500550): - Capital goods sector was the worst af-
fected by the lockdown last year. Siemens India is a subsidiary of German major Siemens
Aktiengesellcharft, and its performance is slowly improving. In fact, it reported bumper numbers in
the March quarter. Its income went up from Rs. 2640 crore to Rs. 3484 crore, while profit nearly
doubled from Rs. 176 crore to Rs. 334 crore. It follows September year ending. For the first half of
the year, income increased from Rs. 5177 crore to Rs. 6409 crore, and profit from Rs. 442 crore to
Rs. 630 crore. The A Group listed shares touched a 52-week high of Rs. 2143 and low of Rs. 990.
Siemens is seen benefiting from Make In India, Smart City, and other programmes. Investors can
invest in the stock with a 2-3 year angle. FIIs hold a 4.37% stake and insurance companies 8.93%.
Berger Paints (Rs. 752.00) (Code: 509480) :- The country’s second-largest paints
company owns popular brands such as Easy Clean, Silk, and Weather Coat All Guard. For the
December quarter, sales rose from Rs. 1696 crore to Rs. 2118 crore, while profit rose from Rs. 182
crore to Rs. 275 crore. For the first nine months of the fiscal, income declined from Rs. 5012 crore
to Rs. 4792 crore, and profit from Rs. 554 crore to Rs. 511 crore. EPS for the period was Rs. 5.26.
Decorative paints account for 75% of the sales, and industrial paints the remaining. Its equity is Rs.
97.12 crore and reserves of Rs. 2770 crore. Promoter holding is 74.98%. FIIs hold 11.24% stake,
and insurance companies 3.01%. The shares touched a 52-week high of Rs. 825 and low of Rs.
431. The company is likely to report bumper numbers for the March quarter.
Bajaj Electricals (Rs. 1116.00) (Code: 500031) :- The A Group listed shares
touched a 52-week high of Rs. 1224 and low of Rs. 349. It has a market cap of Rs. 13,235 crore. It
reported excellent numbers for the December quarter. Sales grew from Rs. 1284 crore to Rs. 1500
crore, while profit zoomed from Rs. 10 crore to Rs. 99 crore. Its equity is Rs. 23 crore, and it has
reserves of Rs. 1401 crore. Promoter holding is 62.16%, while FIIs and mutual funds hold 12.42%
and 9.42% respectively. FPIs have increased stake by 1.50% in March quarter. It is focusing on
E&P segment, which will boost its profit-making ability. The lighting and consumer durables seg-
ment are also showing good volume growth. The company is likely to report strong numbers for the
March quarter and performing well in the first half of FY2022.
Persistent Systems (Rs. 2273.00) (Code: 533179) :- Shares of this A Group

listed IT consulting and software company touched a 52-week high of Rs. 2340 and low of Rs. 510.
Promoter holding is 31.29%. For the fourth quarter, its income jumped 20.3% to 153 million USD.
Revenue from technology services was up by 22.10%, alliance business 13.8%, banking and fi-
nance 6.7%, and healthcare and life sciences 5.7%. The company bagged orders worth 237 mil-
lion USD from October to March. Persistent has a market cap of Rs. 16,099 crore. Its equity is Rs.
76 crore, and it has reserves of Rs. 2719 crore. For the March quarter, it reported a consolidated
income of Rs. 1153 crore and profit of Rs. 137 crore, up from Rs. 955 crore and Rs. 83 crore last
year. It is likely to maintain a profit margin of 16-16.8% going ahead. The stock can be seen at a
new high in the medium to long term.
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

May 2021 24
INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
Important support for index
at 48473 and Nifty Future at 14620
BSE Index (48732.55) :- It is moving downward after coming up to 49617.47. It shows
overbought to neutral position on daily basis, neutral on weekly basis and overbought to neutral on
monthly basis. On upward movement, beyond 48905 it may go up to 49171, 49304, 49617 with
resisting level at 50375. On downward movement, below 48473 it may witness huge selling spree
below 48028 and it may get last support at 47204.
Bank Nifty Future (32202.90) : It shows downward movement after coming up to
33500. It shows overbought to neutral position on daily basis, neutral on weekly basis and over-
bought to neutral on monthly basis.On upward movement, beyond 32500 it may witness resisting
level at 32700, 33200 and 33550. On downward movement, below 32184 it may go up to 31820,
31625, 31360, 30910 and 30450.
Nifty Future (14717.50) :- It shows downward movement after coming up to 15035. It
shows overbought to neutral position on daily basis, neutral on weekly basis and overbought to
neutral on monthly basis.On upward movement, beyond 14770 it may go up to 14842, 14940,
15023, 15035 and 15045. On downward movement, below 14620 it may get support at 14461 and
important support at 14155.
Amar Raja Batteries (771.00) :- It shows improvement from bottom of 756.95. It shows
neutral position on daily basis and overbought on weekly and monthly basis. On upward move-
ment, beyond 807 it may go up 816, 824, 840 and 860. On downward movement, it may get support
at 756.
Axis Bank (685.10) :- It shows downward movement from top of 729.85. It shows oversold
position on daily basis, overbought on weekly basis and overbought to neutral on monthly basis.
On upward movement, beyond 704 it may witness resisting level at 714. On downward movement,
below 678 it may go down to 652 and 631.
Bank of Baroda (74.00) :- It shows improvement from bottom of 61.75. It shows over-
bought position on daily basis, neutral on weekly basis and overbought to neutral on weekly basis.
On upward movement, beyond 80 it may go up to 86, 90, 94, 100, 104, 108. On downward move-
ment, below 74 it may get support at 69.
Coal India (146.80) :- It shows improvement from bottom of 123.40. It shows overbought
position on daily and weekly basis, while overbought to neutral on monthly basis. On upward
movement, beyond 156 it may go up to 160, 163, 170 and 177. On downward movement, below
145 it may get support at 140.
GRASIM Industries (1367.00) :- It shows downward movement from top of 1475. It
shows overbought to neutral position on daily basis, while overbought on weekly and monthly
basis. On upward movement, beyond 1410 it may witness resisting level at 1422. On downward
movement, below 1358 it may go down to 1345, 1332 and 1320.
Disclosure : The Recommendations are based on technical analysis. There is a risk of loss in trading.
Golden quote :-
Surprise is the greatest gift which life can grant us
Financial Weekly

May 2021 25
INVESTMENT
Dilip Davda
e-mail Expert’s Eye
dilip_davda@rediffmail.com
Second wave concern kept a tab

Markets may continue sliding
amidst stock specific mode
The truncated week that witnessed stock specific mode with sliding tone as second wave
of Covid-19 spreading fast in rural areas and raised concern for slowdown of economy once
again. Though we witnessed positive first session, but thereafter market turned panicky and
kept sliding. The last session of the week closed on divergent note but closure of indices
below sentimental barriers indicates further correction going forward. IMD raising concern of
delayed monsoon following cyclone threat that emerged off late. The week under report
snaps previous two week's gaining streak.
For this week too, benchmarks posted range bound movesin the range of 49617.47 -
48473.43 for BSE Sensexand14966.90 - 14591.90 for NSE Nifty.
The week markedLOSSof-473.92 points for BSE Sensex and-145.35 points for NSE Nifty.
With a gap up openings on Monday,we marked green trades for the session that ended
with small gains. BSE Sensex scored 295.94 points to close at 49502.41 and NSE Nifty
gained 119.20 points to end the day at 14942.35. The session marked weekly high in intraday
trade for the first session. Markets gained on reports of slowing down in COVID-19 cases in
the second wave after peaking up to a new high. Banking, Metal, Auto, Pharma counters
gained and took the lead for the rally which was also extended for Mid and Small cap counters
too. Both these indices outperformed benchmarks and helped market breadth to remain in
green. FIIs turned net buyers while DIIs were the net sellers for the day.
We marked gap down openings onTuesdayandmarked trades in red zone for the session
that closed with big losses. BSE Sensex lost 340.60 points to end the day at 49161.81 and
NSE Nifty marked deficit of 91.60 to close at 14850.75. Market lost ground following weak
global trends and profit booking at every rise was the order for the day. However, we wit-
nessed heavy buying in PSU counters amidst reports of mega disinvestment plans being
Cont....
Ex-Split AARTI IND. DIFFERED GRM OVERSEAS POST-

BOARD MEETING PONED ITS BONUS AN-
Alkyl Amines (2.5 for 1) TO18.05.21, NOUNCEMENT TO NEXT
FOR CONSIDERING MEETING
Mayukh Deal (2 for 1) BONUS SHARE ISSUE, TO BE HELD LATER.
Financial Weekly

May 2021 26
INVESTMENT
DIVIDEND ANNOUNCEMENT
Bandhan Bank (10%), Chambal Fert (45%), Dai-Ichi (30%), De Nora (10%), HFCL (15%),
HSIL (200%), Indag Rubber (75%), JMC Proj (35%), Nitin Spinners (15%), Paushak (60%),
PPAP Auto (10%), Satia Ind (10%), Seshasayee Paper (125%), Thyrocare (150%), Venky's
(170%), Vinyl Chem (375%), Zydus Wellness (50%), Alembic (10%), Andhra Paper (50%),
BASF India (50% + 50%), Bliss GVS (50%), Granules (75%), Kalpataru Power (75%), KEC
Intl (200%), Magadh Sugar (40%), Mahindra EPC (12%), Matrimony.Com (70%), Neuland
Lab (30%), Orient Abrasives (15%), Shreyans Ind (30%), Wardwizard Innova (5%), Apollo
Tyres (350%), Asian Paints (1450%), Avadh Sugar (40%), Birla Corp (100%), Dwarikesh
Sugar (125%), Happiest Minds (150%), H G Infra (8%), Kaycee Ind (30%), Kennametal (200%),
Khaitan Chem (15%), Orient Elect (125%), Pidilite Ind (850%), Prince Pipes (20%), PTL En-
ter (125%), Sagar Cement (25%), SIL Invest (25%), Sonata Soft (1000%), Tata Power (155%),
UPL Ltd (500%), Voltas (500%), Yasho Ind (5%), Asian Star (15%), Automotive Axles (45%),
Balkrishna Ind (250%), Bansal Roofing (10%), Bharat Seats (25%), Cholamandalam Fin
(55%), Cipla (250%), Cybertech Syst (10%), Dr Reddy's (500%), Eimco Elecon (50%), Es-
corts (50% + 25%), HIL Ltd. (250%), Kirloskar Oil (125%), L & T (900%), Lupin (325%), Monte
Carlo Fashions (150%), Mphasis (380% + 270%), NXTDigital (40%), Onward Techno (30%),
Orient Bell (5%), Piramal Enter (1650%), Polycab (100%), Privi Spl (20%), Rossari (25%),
Sagarsoft (25%), Saint Gobain (10%), Shipping Corp (2.5%), SKF India (145%), Texmaco
Infra (20%), Texmaco Rail (10%), Anup Engg (70%), Vaibhav Global (75%), Vardhman Spl
(15%), Vimta Lab (100%), Vinati Org (600%), Welspun India (15%) etc.
considered by the Government of India. Surging Crude Oil prices kept Oil and Gas counters
in limelight and got support from surge in Metal counters, while IT, Banking, FMCG counters
eased. Mid and Small cap fancy counters gained on value buying amidst sliding tone. Both
these indices outperformed benchmarks for the second session in a row and kept market
breadth positive. FIIs and DIIs were the net sellers for the day.
OnWednesday,we witnessed flat but divergent openings. Post noon market gave up as
weak global cues coupled with fear of derailment of economy following second wave spread-
ing in rural areas. BSE Sensex marked deficit of 471.01 points to close at 48690.80 and NSE
Nifty lost 154.25 points to end the day at 14696.50. Banking, Metal and Mining counters lead
the doom and got support from profit booking in Mid and Small cap counters. Though both
these indices underperformed the benchmarks, market breadth remained marginally posi-
tive. Due to weekly expiry, punters preferred to stay liquid amidst prevailing uncertainties in
global markets. FIIs and DIIs remained net sellers for the second session in a row.
All markets were closed onThursday, on account of Ramzan Id Holiday.
OnFriday, we witnessed positive openings but after moving both ways, markets ended the
session on a divergent note. While BSE Sensex gained mere 41.75 points to end the day at
Cont....
Financial Weekly

May 2021 27
INVESTMENT
48732.55, NSE Nifty lost just 18.70 points to close at 14677.80. Consumer Durables, FMCG,
Power counters firmed up on renewed support while Metal, Banking, Auto counters eased on
profit booking. Mid and Small cap indices heavily underperformed benchmarks and kept
market breadth negative. Last session of the week marked highly volatile trades. Surge in
heavy weights like Reliance, Asian Paints and L & T kept a tab on general sentiment. Market
witnessed stock specific move following announcements of corporate numbers for Q4. While
FIIs were net sellers, DIIs were net buyers for the day.
Dollar eased around Rs.73.30 a dollarby the weekend. But Brent Crude oil prices firmed
upfurther to mark around $68.50 a barrelfor the weekend. Thus another round of petroleum
product price hike likely in the ensuing week. As usual global cues will keep a tab on the
general market trends.
For the ensuing week too we have around 180+ corporate results that will keep market in
stock specific mode as usual.
Amidst such conditions with ongoing trends, benchmarks movement is likely in the range
of 50000-46500 for BSE Sensexand 15000-13500 for NSE Nifty forthe coming week.
DISCLAIMER : No financial information whatsoever published anywhere here should be construed as an offer to
buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational
and information purposes only and under no circumstances should be used for making investment decisions. Readers
must consult a qualified financial advisor prior to making any actual investment decisions, based on information
published here. Any reader taking decisions based on any information published here does so entirely at own risk.
Above information is based on the details available as on the date along with market perceptions. 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)
Nifty & Sensex Movement during the last week

BSE-Sensex Open High Low Close Diff
10-05-2021 49,496.05 49,617.47 49,412.05 49,502.41 295.94
11-05-2021 49,066.45 49,304.47 48,988.18 49,161.81 -340.60
12-05-2021 49,171.28 49,171.28 48,550.72 48,690.80 -471.01
13-05-2021 Ramzan Id Holiday NA
14-05-2021 48,898.93 48,898.93 48,473.43 48,732.55 41.75
Net Weekly Loss -473.92
NSE / NIFTY OPEN HIGH LOW CLOSE DIFF
10-May-21 14928.25 14966.9 14892.5 14942.35 119.2
11-May-21 14789.7 14900 14771.4 14850.75 -91.6
12-May-21 14823.55 14824.05 14649.7 14696.5 -154.25
13-May-21 Ramzan Id Holiday NA
14-May-21 14749.4 14749.65 14591.9 14677.8 -18.7
Net Weekly Loss -145.35
Financial Weekly

May 2021 28
INVESTMENT
A. K. Asnani
(M) 9893512098
Smart Verc (Bhopal)
Author of Book
Way to Billionaire
How to ride the steel cycle

Almost all the steel stocks are rallying fast.
But profiting by investing in steel stocks is very challenging, because predicting the cycle is very
difficult. The challenge can be gauged from the fact that for a stock like Tata Steel it took more than
13 years to overtake its high made in the year 2007, while the stock price of SAIL is still at 50% of
the historical peak formed in 2007,despite the fact that it is almost five time above the 52-week low
price.
The present spurt in demand can be traced primarily to China. Due to environmental concerns,
it has asked the steel producers through blast furnace route to either reduce the pollution or shut
down or switch to EAF (Electric Arc Furnace route). Secondly, the Chinese economy has picked
up significantly and demand for steel far outstrips the supply. So much so that despite 6 Chinese
firms appearing in the top 10 largest steel producers in the world, the Chinese Government has
reduced the steel import tariffs and partially withdrawn the export incentives.
The best way to ride this wave is by monitoring the prices of steel at international level. Steel
prices in the domestic market are dictated by the international levels. The average steel price in the
third quarter of last year were up by 3% compared to the immediately previous quarter. Similarly,
for the fourth quarter the average steel prices were up by 14% compared to previous quarter. And
in the current quarter so far, the average steel prices are up by 19%!
Even a small change in steel price makes a big impact on bottom-line because the fixed costs
are very high, being a highly capital-intensive industry. Also, most steel making companies are
carrying high debt on their Balance Sheet. The sudden major jump in profitability is an opportunity
for them to reduce debt.
The low PE ratios in these companies compared to other sectors may appear tempting, but one
must appreciate that the average growth in this sector is very low.
Risk averse investors must stay away from this sector. Other investorsshould also keep the
allocation to this sector limited to 3% and watch the steel prices regularly to ride it successfully.
Happy Investing.
A. K. Asnani / Author | Advisor | Coach | Mentor | Speaker / +919893512098
smartasn@gmail.com / (investors are advised to act as per their own conviction. Above
are only the views of the Author. Indicated returns (if any) may or may not be achieved.)
Financial Weekly

May 2021 29
INVESTMENT
Scrip Watch - Siddharth Shah
Bata India (Rs. 1387.00) (Code : 500043) :- India's largest

footwear retailer Bata India Ltd., on Friday announced the appointment of Gunjan Shah as its new
chief executive officer. Shah will join Bata India from Britannia Industries Ltd where he was chief
commercial officer. Bata India is the largest footwear retailer in India with brands such as Bata,
Hush Puppies, Naturalizer, Power, Marie Claire, Weinbrenner, North Star, Scholl, among others. It
retails in more than 1,600 Bata owned and franchised stores. The stock is trading at Rs.1387
which is much below its 52-week high of Rs.1705. The stock is worth accumulation at this level.
Astec Lifesciences (Rs. 1257.00) (Code : 533138) :-

Astec Lifesciences makes a wide range of agrochemical active ingredients and pharmaceutical
intermediates. Purity levels offered by Astec in Triazoles have not been matched by many players
globally, who strive to do so (as end customers rely on higher purity) in order to improve yields. As
per the bulk deal data on the BSE, Godrej Agrovet purchased 2 lakh equity shares, or 1.02%
equity, at Rs 1,199.76 per share on Tuesday, 11 May 2021. On the same day, promoter Ashok
Vishwanath Hiremath sold 2 lakh equity shares of Astec Lifesciences at Rs 1,200 per share via
bulk deal on the BSE. Ashok Vishwanath Hiremath is the managing director of Astec LifeSciences.
As of 31 March 2021, Ashok Vishwanath Hiremath held 2.90% stake while Godrej Agrovet held
62.33% stake of the company. Buy.
Dr Reddy’s Labs (Rs. 5195.00) (Code : 500124) :-

Dr Reddy's Laboratories has launched Russian-made Sputnik V vaccine in the Indian market.
Dr Reddy's announced that the first consignment of imported doses of the Sputnik V vaccine re-
ceived regulatory clearance from the Central Drugs Laboratory, Kasauli, on May 13, 2021. As part
of a limited pilot, the soft launch of the vaccine commenced and the first dose was administered in
Hyderabad on May 14. Further consignments of imported doses are expected over the upcoming
months. Subsequently, the supply of the Sputnik V vaccine will commence from Indian manufac-
turing partners. One dose of the imported vaccine is priced at Rs 995.4 (Rs 948 plus 5 percent
GST). The launch will give a boost to the vaccination drive stuttering because of jab shortage at a
time when India is facing a devastating second COVID Covid-19 wave. Company will benefit from
this in next two-three quarters. Buy. Buy more at decline.
UPL Limited (Rs. 743.00) (Code : 512070) :- UPL share rose

over 10 per cent to hit a fresh 52-week high of Rs 764.45 on Friday after the company reported a
73.5 per cent rise in its consolidated net profit in Q4. The company reported a consolidated net
profit of Rs 1,361 crore in Q4 compared with a net profit of Rs 784 crore in Q4 FY20. Revenue rose
14.8 per cent to Rs 12,796 crore in the last quarter against Rs 11,141 crore a year ago, backed by
robust volume growth of 18 per cent. During the year, the company continued to deliver on its
Financial Weekly

May 2021 30
INVESTMENT
commitment to deleverage the company's balance sheet and reduced the Gross Debt by 5,039 cr.
and Net Debt by Rs 3,140 cr. The Gross Debt and Net Debt as of March 31, 2021, was Rs 23,774
crore and Rs 18,922 cr., respectively. The consolidated operating profits were up 58.52% at Rs
2,075 crore. The operating profit margin expanded from 11.75% in the Mar-20 quarter to 16.22% in
Mar-21 quarter. Buy on decline.
Bharti Airtel (Rs. 560.00) (Code : 532454) :- Bharti Airtel Ltd.

added the highest number of active subscribers for the third straight month in February, maintain-
ing its lead in adding regularly paying users among peers.The Sunil Mittal-led telecom operator
added as many as 3.7 million active subscribers. While Bharti Airtel’s active subscriber base grew
1.1% over the preceding month, those for Reliance Jio and Vodafone Idea fell 0.05% and 0.1%,
respectively. Meanwhile, CLSA says that in 4QFY21, Bharti Airtel’s Africa revenue increased 15%
YoY to US $1038 mn and Ebitda was up 25% YoY. Data and mobile money account for 44% of its
Africa revenue. Revenue growth was across regions, with East Africa up 24% YoY and Nigeria up
23% YoY. Airtel Africa’s FY21 cash flow after Capex and interest costs was US $647 mn, up 43%
YoY, and the region’s gearing is comfortable at 2x EBITDA. The stock is worth buying.
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.
COVID cases are raising everyday and

market is becoming volatile,
In this volatile market which sectors
and stocks will outperform the market?
Which strategy will help you during this market
To know more join our telegram channel
http://t.me/equity99
Financial Weekly

May 2021 31
INVESTMENT
Market Tips - Het Zaveri
Hatsun Agro (Rs. 828.00) (Code : 531531) :- Dairy products-

maker Hatsun Agro Product Ltd has clocked a net profit of Rs 57.13 crore for the Q4. The company
registered a net profit of Rs 7.95 crore during corresponding quarter last year. For the year ending
March 31, 2021 profits grew to Rs 246.35 crore from Rs 112.27 crore registered a year ago. The
total income for the quarter under review surged to Rs 1,570.37 crore from Rs 1,262.55 crore reg-
istered last fiscal. The total income for the year ending March 31, 2021 stood at Rs 5,575.50 crore
against Rs 5,316.98 crore registered last fiscal. The company is currently taking steps to increase
the capacityby 50,000 litres per day to produce lassi and butter milk and it was expected to be
completed by September. Construction activities were on for the ice-cream plant with a capacity of
one lakh kilograms per day (of ice-cream) and the facility was expected to be commissioned by
September 2021. The capital expenditure for the ice-cream plant was estimated to be Rs 311
crore. Buy.
The Ramco Cement (Rs. 931.00) (Code : 500260) :-

The Ramco Cements Ltd., the flagship company of the Ramco Group, is planning to expand its
production capacity to 20 million tonnes per annum (MTPA) by FY22. Currently, it has a production
capacity of over 16 MTPA and this will increase to 20 MTPA with the completion of the third line of
clinkering plant at Jayanthipuram in Andhra Pradesh and a new cement plant in Kurnool. Till now,
Ramco Cements had incurred capital expenditure worth Rs2,500 crore out of the planned Rs3,600
crore for FY21. The balance would be expended in the next fiscal. The capital expenditure for the
Kurnool plant would be Rs300 crore and work would be completed by FY22. Invest.
Adani Total Gas (Rs. 1193.00) (Code : 542066) :- Adani

Total Gas (ATGL) has reported an 8.2% yoy increase in net profit to Rs 471.9 crore in FY21 on a
standalone basis. Revenue from sales fell 10.4% annually to Rs 1,784.5 crore in FY21 while the
price it paid for buying natural gas fell at a sharper rate of 27.3% to Rs 770.7 crore in the same
period. This is the third successive quarter of highest-ever financial performance with robust physi-
cal infrastructure growth despite ongoing pandemic. ATGL added 102 new CNG stations in FY21
and laid more than 170 km of pipeline. It also added 40,939 domestic PNG connections and 500
industrial and commercial customers in FY21. It commissioned 90 CNG stations in new geographic
areas, which were won in the ninth and the tenth rounds of auctions. ATGL added 12 CNG stations
in existing the GAs where it has already been operating. The company aims to achieve capex of
around Rs 1,200 crore in the ongoing fiscal. The stock has seen huge run up. Still, it is a Buy.
Voltas (Rs. 999.00) (Code : 500575) :- Voltas Ltd is a leading air-

conditioner manufacturer. Voltas has reported a 49 per cent jump in its consolidated net profit at Rs
239 crore for the quarter ended March 31, 2021. Its consolidated net profit was Rs 160 crore in the
Financial Weekly

May 2021 32
INVESTMENT
January-March quarter of the last fiscal. Total income jumped 25 per cent to Rs 2,683 crore. Voltas'
revenue from unitary cooling products for comfort and commercial use was up 20 per cent at Rs
1,437 crore. Revenue from electro-mechanical projects and service also increased 37 per cent to
Rs 1,104 crore, against Rs 805 crore a year ago.Revenue from engineering products and services
was at Rs 98 crore, compared with Rs 95 crore in the corresponding quarter of last year. The
company's board of directors recommended a dividend of Rs 5 per share for the year 2020-21. Buy
in phased manner.
LUPIN (Rs. 1178.00) (Code : 500257) :- Lupin has reported better

Q4 numbers. Its net profit rose to Rs 460 crore against Rs 389 crore in the corresponding period of
previous fiscal. Total income in Q4 slipped 5.25% to Rs 3,841 crore against Rs 4,054 crore. The
pharma firm turned profitable with a profit of Rs 1,216 crore for the fiscal ended March 2021 against
a loss of Rs 269 crore in the previous fiscal. However, total income fell 3.53% to Rs 15,299 crore in
FY20-21 against Rs 15,858 crore in FY19-20. Earnings per share in the last fiscal rose to Rs 26.72
against a negative Rs 5.95 in FY 19-20. The board recommended a dividend of 325% to the face
value of share. The operating profit margin expanded 8.09% in the Mar-20 quarter to 13% in Mar-
21 quarter. The net margins improved from 10.13% in Mar-20 quarter to 12.17% in the Mar-21
quarter. NPM was also higher on a sequential basis compared to 10.91% in Dec-20 quarter. In-
vest.
Buy... Buy... Buy on Dips Hold Sell on High

STAR Paper Mills 123.00 Ramco Cement 931.00 Titan 1456.00
Deepak Fert. 281.00
L&T Techno 2540.00 PVR 1161.00
Kothari Products 74.00 DLF 250.00
SCI 110.00 ICICI Bank 597.00 Piramal Enter. 1633.00
Chola Invest 526.00
GMR Infra 25.00 Marico 467.00 Godavari Power 951.00
Power Grid 228.00
REC 138.00 ITC 212.00 Maruti 6738.00
Kenna Metal 1163.00
PTC India 93.00 Dabur India 529.00 Gail 152.00
G.E. Shipping 398.00
CIPLA 900.00 Sunteck Realty 265.00
Renuka Sugar 14.00 LIC Housing Fin. 430.00
NTPC 111.00 SBI Life 965.00 Coal India 146.00
Saregama 1976.00
Omaxe Ltd. 84.0 Adani Green 1088.00 Oberoi Realty 533.00
Shalby 160.00
HFCL 37.00 Tata Chemical 702.00 Page Ind. 28053.00
Westlife Dev. 427.00
Orient Cement 119.00 Stovec Ind. 2382.00 Mphasis 1788.00
Kirloskar Ferro 246.00
Financial Weekly

May 2021 33
INVESTMENT
SMART TIPS Smita N. Zaveri
Apollo Tyres (Rs. 208.00) (Code: 500877) :- Shares of this A Group listed tyre
manufacturer touched a 52-week high of Rs. 261 and low of Rs. 88. The company was set up in
1972 and launched radial tyres for Maruti cars and premium tyres for trucks in 1989. It has become
a leading exporter of LCV and farm tyres. It also manufactures high-tech radial products and has a
strong dealer network of 2,500. It has commissioned a plant near Pune, and has plans to establish
a passenger car radial tyre factory in Germany. It has a market cap of Rs. 14,061 crore. Its equity is
Rs. 57 crore, and has reserves of Rs. 9872 crore. For the March quarter, consolidated income grew
over 39% from Rs. 3610 crore to Rs. 5026 crore, while zoomed 269% from Rs. 77.86 crore to Rs.
287.27 crore. The stock can be seen at a new 52-week high in two or three quarters.
Tinplate Company of India (Rs. 200.00) (Code: 504966) :- Shares of this A
Group listed company touched a 52-week high of Rs. 235 and low of Rs. 77. It is a subsidiary of
Tata Steel, which holds a 74.26% stake in the company. Around 15% of its products are exported
to Southeast Asia, the Middle East, and Europe. Its manufacturing facility is located in
Jamshedpur, Jharkhand, where it has Cold Rolling Mills, Electrolytic Tinning Lines, and Printing &
Lacquering Lines. It caters to the needs of segments such as edible oils, paints, processed foods,
battery & aerosols, etc. It offers tinplate in cut sheet & coil form, and TFS in sheet form. For the
March quarter, it reported sales of Rs. 755 crore, profit of Rs. 56.16 crore, and EPS of Rs. 5.37. The
company has strong fundamentals and is debt-free. The stock can be seen touching Rs. 250 in the
short to medium term, and Rs. 300 levels in the long term.
Jindal Steel & Power (Rs. 417.00) (Code: 532286) :- Shares of this iron steel
interim products company are listed in A Group, and have face value of Re. 1. The shares touched
a 52-week high of Rs. 501 and low of Rs. 84. Promoter holding is 60.47%. The company borrowed
heavily to expand but bore the brunt of the commodity cycle downturn. The stock was an under-
performer for long. JSPL has been performing well of late with the change in the commodity cycle.
It has also lowered its debt, leading to the re-rating of the stock. Its equity is Rs. 102 crore and
reserves of Rs. 32,035 crore. For the March quarter, its revenue rose to Rs. 11,880.61 crore from
Rs. 6,795.18 crore, while profit jumped 23 times from Rs. 82 crore to Rs. 1,900 crore. Its income
and operating profit have grown at a CAGR of 13% and 30.7% respectively in the last three years.
The stock can be seen crossing the 52-week in the short term and touching a new high in the
medium term.
KRBL (Rs. 219.00) (Code: 530813) :- Shares of this packaged foods company are
listed in B Group and have a face value of Re. 1. The shares touched a 52-week high of Rs. 339
and low of Rs. 173. The company sells Basmati rice under the popular brand name India Gate. Its
products are exported to 75 countries. KRBL is also focusing on health food products such as
brown rice and Quinoa as a part of its diversification. Promoter holding in the company is 59.46%.
It has a market cap of Rs. 5162 crore. Its equity is Rs. 23 crore, and reserves Rs. 3104 crore. For the
December quarter, it reported an income of Rs. 1120.69 crore, and profit of Rs. 145.74 crore. The
shares are trading at nine times the estimated earnings of Rs. 24.24 and are attractively valued.
The shares can be seen around Rs. 280-290 in 9-12 months.
SEBI Registered Research Analyst)
* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on 14th May, 2021 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

May 2021 34
INVESTMENT
Smart super duper - Het Zaveri
Kalpataru Power (Rs. 383.00) (Code: 522287) :- Heavy Electrical Equipment

sector company has its headquarters in Mumba and plant in Gandhinagar. It is also active in turn-
key project, construction and many other segment. It has sold its Alipur Duwar assets and is in
process to sell Kohima based assets. Itacquired Ahmedabad-based JMC projects and also Fasttell.
As against equity of Rs. 30 crore, the company has reserves of Rs. 3709 crore. In FY2021, the
company's income increased from Rs. 12676 crore to Rs. 12949 crore, while profit increased from
Rs. 390 crore to Rs. 671 crore. It paid 425% dividend for FY2021. The power sector's future is
bright and the company's fundamentals are strong. It can be bought with long term perspective.
KEC International (Rs.388.00) (Code: 532714) :- The expansion and growth in
railway and power sector may help the KEC International. The flagship company of RPG group is
active in infrastructure engineering, procurement, construction (EPC) along with power transmis-
sion, power system, cables, railway, telecom and water segment. It has presence in 50 countries
including Africa, America, Central Asia, Middle East, South East Asia and South Asia. In March
quarter, the company's income increased form Rs. 3671 crore to Rs. 4361 crore, while profit in-
creased from Rs. 193 crore to Rs. 194 crore. The company's order book is very strong and the profit
margins are also increasing. As against equity of Rs51.42 crore, the company has reserves of Rs.
3308 crore. It has received a big order recently.
Adani Transmission (Rs.1143.00) (Code:539254) :- The company got listed af-
ter restructuring in Adani Group. The promoters hold 74.92% and public hold 25.08% stake in it. As
against equity of Rs1099.81 crore, the company has reserves of Rs. 7819 crore. In March quarter,
the company's income decreased from Rs. 3187 crore to Rs. 2727 crore, while profit increased
from Rs. 94 crore to Rs. 238 crore. The stock has given good return in past. It has acquired trans-
mission business in Mumbai from Reliance Infrastructure and established its presence in the most
important market of the country. Due to expansion, the company can have good income along with
quality assets. The floating stock is limited. It may give good return in future.
Amara Raja Batteries (Rs. 771.00) (Code: 500008) :- Head-quartered at Tirupati
in Andhra Pradesh, Amara Raja Batteries is number two battery manufacturer in the country and is
witnessing speediest growth. It had joint venture with American company Johnson Controls, which
made an exit some time back selling stake to one of the biggest funds. In December quarter, the
company's income increased from Rs. 1748 crore to Rs. 1960 crore, while profit increased from
Rs. 137 crore to Rs. 193 crore. The company is giving a run for money to its rival Exide batteries for
quite some time and may sustain the growth. It paid 415% dividend for FY2018 and 200% interim
and 508% final dividend for 2019. It has paid 500% interim dividend for FY2021. The stock can be
purchased in phased manner.
Financial Weekly

May 2021 35
INVESTMENT
Investment Ideas telegram.me/rupeegains7
NIFTY :- For next week NIFTY has strong support around 14590 levels.
Break will take it to 14500---14415 levels. On the upper side NIFTY will face
strong hurdle at 14825 levels, cross over with volume and close above will
create short covering at take NIFTY up to 14965---15050 levels…
BANK NIFTY :- For next week BANK NIFTY has strong support around
31900 levels. Break will take it to 31500---31300 levels. On the upper side
BANK NIFTY will face strong hurdle at 32600 levels, cross over with volume
and close above will create short covering at take BANK NIFTY up to 32950--
-33150 levels… Cont....
Super Duper recommendations in last one and half months…!

All recommendations gave beautiful returns…
Rate After (%)
Recomm.
19th April 21 EKC 76.9 162.3 111%
5th April 21 Rana Sugars 9.8 17.85 82%
12th April 21 Haldyn Glass 32 50.95 59%
19th April 21 SPIC 29.7 46.75 57%
19th April 21 CENLUB IND 52.65 75.95 44%
26th April 21 GALLANTT METAL 49.65 71.25 44%
26th April 21 TINPLATE COMPANY 170.35 235.25 38%
26th April 21 INDIAN TONER 133.35 183.95 38%
26th April 21 SHILP GRAVURES 90.85 123 35%
3rd May 21 Umang Dairy 58.5 74.2 27%
12th April 21 KLRFM 47.25 58.9 25%
5th April 21 ANDHRA PETRO 64 79.15 24%
5th April 21 IND SWIFT LAB 75 92.35 23%
10th May 21 DHANLAXMI ROTO 28.3 34.3 21%
19th April 21 ADOR FONTECH 36 43.4 21%
3rd May 21 RDB RASAYAN 66.5 80 20%
12th April 21 HP COTTON 45 53 18%
12th April 21 PEE CEE COSMA 123.2 143.3 16%
5th April 21 PRESSMAN AD 23.1 26.75 16%
26th April 21 IND SWIFT LAB 80.55 92.35 15%
19th April 21 BHARAT SEATS 71.4 79.8 12%
10th May 21 PATELS AIRTEMP 145.3 159 9%
10th May 21 P G FOILS 101.75 109.7 8%
Financial Weekly

May 2021 36
INVESTMENT
INVESTMENT IDEAS…
SHILP GRAVURES LTD
(513709) (120.80) (Face Value Rs.10)
Incorporated in 1989, Ahmedabad based Shilp Gravures Limited manufactures and sells en-
graved copper rollers in India. It operates through two segments, Engraved Copper Roller and
Wind Mill. The company offers gravure cylinders, including electro-mechanically and mechani-
cally engraved, chemically etched, and laser rollers; and flexo plate processing, base shell, pre-
press, and embossing products for use in flexible packaging, anilox rollers, PVC flooring, decora-
tive laminates, specialty coatings, artificial leather, gift wrapper, security printing, transfer printing,
fine text, label, ceramic anilox roller, embossing, and flexo colage applications. It also generates
energy through wind mills.
SGL has an equity of Rs.6.15 crore and reserves of Rs.61.24 crore. The promoters hold 60.80%
while the investing public holds 39.20% stake in the company. Its share book value works out to
Rs.110 and the price to book value ratio stands at just 1.1x.
During Q3FY21, net profit soared 405.6% to Rs.4.45 crore from Rs.0.88 crore in Q3FY20 on
sales of Rs.19.25 crore fetching an EPS of Rs.7.23. During 9MFY21, net profit grew 315.56% to
Rs.8.81 crore from Rs.2.12 crore in 9MFY20 on sales of Rs.50.18 crore fetching an EPS of Rs.14.33.
It is regular dividend paying company and it paid 15% dividend for FY20. The SGL stock corrected
almost 33% from its recent high of Rs.180 in April 2018. At the CMP, SGL trades at a PE ratio of just
9.8x.
Everyone, whose financial advisor is allowing to trade in this stock for medium to long term can
watch with stop loss of 110. Company will announce Q4 numbers and dividend on 18th May 2021.
LAHOTI OVERSEAS LTD

(531842) (18.4) (Face Value Rs.2)
Lahoti Overseas Limited, together with its subsidiaries, engages in the export trading of cotton
yarns and fabrics. It offers carded and combed ring spun yams of coarse and fine counts; and ply
yarns, special yarns, and grey fabrics. The company also generates, supplies, distributes, and
transmits wind and solar power. It primarily exports cotton yarn to the Far East Asian countries,
such as South Korea, China, Japan, Hong Kong, Malaysia, and Vietnam, as well as to Gulf, Medi-
terranean, European, and North and South American markets.
It has an equity base of just Rs.5.95 crore that is supported by reserves of around Rs.128 crore
& it has a share book value of Rs.45.9 per share & price to book value ratio stood at just 0.42. The
Promoters hold 59.81% while the investing public holds 40.19% stake in the company. For Q3FY21,
it reported 61% higher PAT of Rs.2.6 crore on higher sales of Rs.134.77 crore and an EPS of
Rs.0.71. During 9MFY21, it reported 26.35% higher PAT of Rs.7.24 crore on higher sales of
Rs.310.11 crore and an EPS of Rs.2.48. At CMP, LOL trades at PE ratio of just 7.75x earnings. Its
recent high rate is Rs.31.9 which was formed on 3rd November 2017. Stock almost corrected
42.5% from recent high. It has paid 15% dividend for FY20. Everyone, whose financial advisor is
allowing to trade in this stock for medium to long term can watch with stop loss of 14.
Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned
above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in
website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true &
correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsi-
bility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.
Financial Weekly

May 2021 37
INVESTMENT
Primary Market - Dilip K. Shah
May turns up to be true to its reputation resulting into bearish trend in Secondary Market affecting Primary Market
There may not be new IPO in the market in May but Market may witness movements in June due to end of June quarter
The highest 20 companies filed DRHP with SEBI: More than 10 companies got approval for IPO
In June nearly Eight companies may enter the market with IPO
4 Initial Offerings to Raise Rs. 4000 Cr. in Few weeks
Power Grid InvIT got listed with nominal premium: Hold for Long term
Sundaram Fin Holdings' Rights Issue with offer price
of Rs. 50 opened on May 6 and closed on June 2
Medi Assist filed DRHP with SEBI for Rs. 840 crore OFS
Sona Comstar gets SEBI approval for Rs. 6000 crore fresh and OFS issue
SEBI relaxes norms for listing of Startups
SEBI proposes to relax rules for promoter group lock in after listing
The proverb 'Sell in May and Go Away' has turned out to be true as the international markets
have witnessed around 5-8% correction. Amid correction mode in US, India and Hong Kong Mar-
kets, higher selling spree in Taiwan and correction in Japan and Korea, the market has gone
upward only in China.
In Indian secondary markets, Sensex has lost 475 points and Nifty has crashed by 150 points.
So Sensex may lose its 49000 level. Nifty has already gone below 15000 level and all the efforts
for reclaiming the level have failed.
If the market sentiments do not improve, there may not be any other IPO except from Power Grid
InvIT. More than 20 companies have filed DRHP with SEBI and 10 have obtained approval for
IPO. Nearly eight companies including Glenmark Life, AB Sunlife, Seven Island Shipping, India
Pes ticides, Sona BLW, KIMS, Arohan Financial, Dodla Dairy, Shyam Metallics may enter the
market in June.
In March total nine IPOs entered the market but in April the movement slowed down. As the
June quarter ends, month of June may witness March like situation and around 8-9 IPOs may enter
the market.
Cont...
Rights Issue
Sr Company Issue Open Dt. Issue size Offer price Entitlements Listing Lead Rating
Issue Close Dt. (Rs. Cr.) (Rs.) Manager Recomm.
(out of 50%)
1 Sundaram 6-5-2021 Issue Size : 7.10 Cr. Shares 50 23 Rights NSE J.M. Fin. 39%
Finance 2-6-2021 (Rs. 355 Cr.) Shares for Apply
Holdings Every 49 Eq. Shares for
Held on the Recored Dt. Long Term
Financial Weekly

May 2021 38
INVESTMENT
Listed Global online food delivery firms Listing Informa-

Co. Nam M-Cap Financials ($ mn) tion of
($ bn) Revenue Profit Exchange PowerGrid INfra
Meituan 233 1655 -151 Hong Kong Trust InvIT
DoorDash 48 2886 -325 New York BSE Code 543290
Listing Date 14-5-2021
Delivery Hero 52 40 2822 -1372 Frankfruit
Offer Price Rs. 100.00
Just Eat 15 2331 -93 Amsterdam Listing Price Rs. 104.00
Zomato 8 352 -322 Mumbai Listing Day High Rs. 104.97
Listing Day Low Rs. 102.84
Deliverco 6 1529 -290 London Listing Day Close Rs. 102.98
Grubhub 6 1820 -133 New York
* 4 Initial Offerings to Raise Rs. 4000 Cr. in Few weeks :- It is going to be a

busy season again for the intial public offering (IPO) Market. At least four deals worth a cumulative
Rs. 4000 Cr. is expected to hit the market over the next 3 to 5 weeks. Shyam Metalics (Rs. 1100
Cr.), Dodla Dairy (Rs.800 Cr.), Krishna Institute of Medical Sciences (KIMS) Hospitals (Rs.700 Cr.)
and Clean Sciences and Technology (Rs. 1400 Cr.) to be raised total Rs. 4000 cr. through IPO
* Last week two IPOs were in the market.
• Power Grid InvIT : The issue with offer price of Rs. 99-100 opened on April 29 and closed on
May 3 with 4.83 times subscription. It got listed on May 14 at Rs. 104, i.e. 4% premium and went up
to Rs. 104.97 and down to Rs. 102.84 before closing at Rs. 102.98. It is beneficial to hold for long
term.
• Sundaram Finance Holdings (Rights Issue) :- The company offered shares worth Rs. 355
crore at price of Rs. 50 to the shareholders in ratio of 23:49. The analysis was published last week.
Cont...
IPO s expected to Go Airlines files DRHP for

open by June 2021 Rs 3,600 cr IPO
-Glenmark Life Go Airlines :- Along with the rebranding of the airline, the com-
pany had also announced its focus on becoming an ultra low-cost
-AB Sunlife carrier — becoming India’s first carrier in the segment. Rs 3,600
-Seven Island Shipping crore, and this comes at a time when airlines in the country are
-India Pesticides bleeding as a result of the Covid19 pandemic. In the draft offer
document filed with the Securities and Exchange Board of India,
-Sona BLW the airline, which recently rebranded itself from GoAir to GoFirst,
-KIMS said that it would use the proceeds from the IPO to repay its debts
-Arohan Financial and dues. The airline also plans to raise up to Rs 1,500 crore
through a pre-IPO placement. Once the shares of the company
-Dodla Dairy gets listed on the stock exchanges, which will happen after the
-Shyam Metallics SEBI approves the proposal, Go Airlines will become the third op-
There will not be any erational scheduled airline to trade on Indian bourses — after IndiGo
'Social-Distancing' in IPOs in June and SpiceJet. Other Indian carriers to have gone public are the
2021 due to Quarter End ?? now defunct Kingfisher Airlines and Jet Airways.
Financial Weekly

May 2021 39
INVESTMENT
* Zomato Ltd :- It has filed DRHP for Rs. 8250 crore IPO. It should be noted that it
witnessed losses from 2018 to 2020. The losses increased from Rs. 107 crore in 2018 to Rs. 2380
crore in 2020. The plus point is that the company's topline has increase five folds from Rs. 466
crore to Rs. 2605 crore, which helped the company in cash flow.
According to market experts, a number of startups are planning to enter the market with IPO and
Zomato's issue will be the litmus test for them.
* SEBI relaxes norms for listing of startups :- SEBI's board had approved the
changes made for the listing on the Investors Growth Platform (IGP) before two months.
The Securities and Exchange Board of India (SEBI) relaxed the norms on eligibility and listing
criteria on the Innovators Growth Platform (IGP). The IGP is a separate exchange venue for startups.
The objective behind providing relaxation in these norms is to make the IGP more accessible to
companies, given the evolving startup ecosystem.
If a company wants to list on IGP, it needs to have 25% of pre-issue capital held by eligible
investors for two years. The SEBI eased this regulation and provided that these investors can hold
pre-issue capital for one year before listing.
The SEBI renamed the 'Accredited Investors' as 'Innovators Growth Platform Investors'. The
pre-issue shareholding of such investors for meeting eligibility was considered for only 10%. In
contrast, now it is increased, and the entire 25% will be considered for meeting eligibility norms.
Cont...
In CY2021 till now

In Global Market 670 companies raised total $140 billion
In India Markets 26 companies raised $2.7 million
The global primary market is on fire with 670 initial public offers (IPOs) of companies raising
a collective $140.3 billion thus far in calendar year 2021 (CY21) till May 10, suggests a latest
report by Refinitiv - a global provider of financial market data and infrastructure. This is nearly
four times the amount raised during the corresponding period in CY20.
In terms of exchanges, the BSE occupies 13th spot in global rankings and has seen 26 IPOs
thus far in CY21 with $2731.7 million being raised, Refinitiv data show. In comparison, 11 IPOs
had hit the Street back home during the corresponding period in CY20 with $1,172.9 million
being raised, the report said. Given the Indian government's ambitious divestment agenda of
Rs 1.75 trillion, which includes stake sale plans in the country's largest life insurer - Life Insur-
ance Corporation of India (LIC) - most analysts expect a blockbuster year for the Indian primary
market.
However, the uncertain market conditions can push the bulk of the IPO / primary market activ-
ity to the second half of this fiscal, including part offloading of stake by the government in select
enterprises, analysts say.According to Chokkalingam of Equinomics Research, Promoters and
retail investors are likely to remain in a wait-and-watch mode till the Covid infection rate comes
down and the stock markets stabilise. This can push the IPO activity to the latter part of the year.
Besides attractive pricing, a stable market is necessary for the IPOs to succeed.
Financial Weekly

May 2021 40
INVESTMENT
* SEBI proposes rationalising norms for Promoter Group Lock-In :-

Market Regulator Sebi has proposed to rationalise the definition of 'promoter group' and move to
the concept of 'person in control' as well as reduce the minimum lock-in periods for promoters' and
other shareholders post an IPO. If the proposal is implemented than the regulatory burden will
ease for the listed companies and more companies will be encouraged to get listed. As per the
current provisions, 20% stake of the promoters needs to be in Lock-in for minimum two years,
which can be curtailed to one year. Moreover, in case of more than 20% promoter stake and pre-
IPO non-promoter shareholding, the lock-in period can be reduced from one year to six months.
Insight into upcoming mainboard IPOs:- Auto component maker Sona BLW Precision Forgings
(Sona Comstar) has received capital markets regulator Sebi's approval to raise Rs 6,000 crore
through an initial share sale. The IPO comprises a fund-raise via fresh issue amounting to Rs 300
crore and an offer for sale aggregating up to Rs 5,700 crore by selling shareholder Singapore VII
Topco III Pte Ltd, an affiliate of the Blackstone Group Inc, according to draft red herring prospectus.
The lead managers are Kotak Mahindra Capital, Credit Suisse, J.M. Fin., J.P. Morgan and Nomura.
* Medi Assist Files DRHP with SEBI :- Medi Assist Healthcare

Services has filed preliminary papers with capital markets regulator Securities and Exchange Board
of India (Sebi) for an initial public offering (IPO). Medi Assist IPO will be the first primary market
sale by an insurance third-party administrator (TPA) in India. The IPO will be an offer of sale of up
to 28,028,168 equity shares by the promoters and existing shareholders, including Dr Vikram Jit
Singh Chhatwal, Medimatter Health Management, Bessemer India Capital Holdings II, Bessemer
Health Capital LLC and Investcorp Private Equity Fund I.
TPAs are appointed by insurance companies for settlement of health policy claims. TPAs man-
age documentation and processing of claims for the insurer to make the final settlement.
The Bengaluru-based Medi Assist is the largest health benefits administrator in India, in terms
of revenue and premium services.
Bessemer Ventures and Dr Vikram Jit Singh Chhatwal are the promoters of Medi Assist, with a
stake of 45.51 per cent and 31.63 per cent respectively. Investcorp holds a 21.65 per cent stake in
the company.
Axis Capital, Edelweiss Financial Services, IIFL Securities and SBI Capital Markets are the
merchant bankers to the issue.
Cont...
Financial Weekly

May 2021 41
INVESTMENT
UPCOMING IPOS
Sr. Company Name Date of Sebi Est. Lead Manager
Filling Aprproval Issue Size
(Rs. Cr.)
1. Arohan Financial Services 15-2-21 23-4-21 850+ Edelweiss Fin., ICICI Sec.,
Nomura, SBI Capital
2. Dodla Dairy 15-2-21 23-4-21 50+ Axis Capital
3. Seven Island Shipping 15-2-21 22-3-21 600+ JM Fin., IIFL Securities
4. Sigachi Industries 28-9-20 24-11-20 -- Saffron Capital
5. Jaikumar Construction 2-6-20 10-9-20 --
6. National Commodites 12-2-20 9-4-20 100+ I-Sec., SBI Capital
Companies awaiting for SEBI approval

Sr. Comapny Name Issue Date of Est. Lead Manager
Type Filing Issue Size
(Rs. Cr.)
1. Zomato Fresh + OFS 28-4-21 8250 Kotak Mah., Morgan Stanley,
Credit Suisse, Bofa Sec., Citi
2. Aditya Birla Sun Fresh 19-4-21 -- Axis Capital
3. Rolex Rings Fresh + OFS 17-4-21 70+ Equirus, IDBI Cap., J.M. Fin.,
4. Glenamrk Life Sc. Fresh + OFS 16-4-21 1160+ Kotak , BofA Sec., Goldman
DAM Capital, BOB, SBI Cap.
5. G R Infraprojects OFS -- -- HDFC Bank, I-Sec., Kotak Mah.,
Motiall Oswal, SBi Cap.,
6. Shriram Properties Fresh + FS 10-4-21 800 + Axis Capital
7. Clean Sciences OFS 7-4-21 1400+
8. Jana Small Fin. Fresh + OFS 1-4-21 700 + --
9. Tatva Chintan Pharma Fresh + OFs 31-3-21 450 + I-Sec, J.M. Financial
10. Exxaro Tiles Fresh + OFs 15-3-21 -- Pantomath
11. Paras Defence & Space Fresh + OFs 7-3-21 120 + Anand Rathi
12. Utkarsh SFB Fresh + OFs 4-3-21 1350 + I-Sec, IIFL Sec., Kotak Mah.
13. Shyam Metalic & Energy Fresh + OFs 27-2-21 1107+ Axis Capital
14. Krishna Institute & Med. Fresh + OFs 27-2-21 200+ Axis Capital
15. Sona BLW Precision Fresh + OFS 24-2-21 6000+ Kotak Mahindra Capital,
Forging Credit Suisse, J.M. Fin.,
JP Morgan, Nomura
16. India Pesticides Fresh + OFS 11-2-21 800+ --
17. Aadhar Housing Finance Fresh + OFS 25-1-21 7300+ ICICI Sec., Citigroup, Nomura,
SBI Capital Markets
Financial Weekly

May 2021 42
INVESTMENT
Smart Best Buy S. N. Zaveri
L&T : Huge order book, increase in revenue

GMM Pfaudler : Oppotunity to Buy in consolidation mode
Pidilite Industries : Q4 profit doubles
Godrej Consumer in new territory with Sudhir Sitapati’s entry
Asian Paints : Revenue up 44 per cent, Profit up 81 per cent
L&T (Rs. 1415.00) (Code : 500510) :- India’s largest engineering

and construction (E&C) player Larsen and Toubro (L&T) posted a consolidated net profit of
Rs 3,293 crore in the January-March quarter (Q4FY21). This is an increase of 3 per cent
from Rs 3,197 crore profit logged in the year-ago period (Q4FY20). Sequentially, the profit
rose 33 per cent from Rs 2,467 crore in the December quarter (Q3FY21). The company's
board recommended a final dividend of Rs 18 per share. L&T's revenue was Rs 48,088 crore
for the quarter ended March 31, 2021, up 8.6 per cent from the revenue of Rs 44,245 crore.
The order inflow for the quarter January-March 2021 stood at Rs 50,651 crore, lower by 12
per cent over corresponding period of the previous year with deferment of awards. Interna-
tional orders at Rs 18,439 crore during the quarter contributed to 36 per cent of the total
order inflow. The consolidated order book of the group stood at Rs 327,354 crore as of March
31, 2021, registering a growth of 8 per cent over March 31, 2020. For the whole year, its net
profit was Rs 11,583 crore registering a growth of 21 per cent year-on-year. Invest.
GMM Pfaudler (Rs. 4434.00) (Code : 505255) :- GMM

Pfaudler is a leading supplier of process equipment to the pharmaceutical and chemical
industries. The company holds a majority stake of 54% in the parent Pfaudler Group and is
the market leader with more than five decades' experience in manufacturing glass lined
equipment. GMM Pfaudler has commenced operations at its glass lined equipment manufac-
turing facility at Nacharam, Hyderabad (Telangana) which it had acquired from De Dietrich
Process Systems India (DDPSI) in July 2020. In addition to this facility, the company also
operates two facilities in West India, one at Karamsad (Gujarat) and the other at Pune
(Maharashtra). The stock has been in consolidation mode. Once the consolidation com-
pletes, it will zoom towards new highs. Buy in phased manner.
Godrej Consumer (Rs. 4434.00) (Code : 505255) :-

Godrej Consumer Products (GCPL) stock soared 15 per cent on last Wednesday after the
company announced that Sudhir Sitapati will take over as its managing director (MD) and
Cont...
Financial Weekly

May 2021 43
INVESTMENT
CEO in October 2021. Sudhir Sitapati has spent over two decades at FMCG Hindustan
Unilever. Mr. Sitapati comes with impressive experience in heading HUVR’s F&R business
and as part of the senior management team in the Detergents business, which has done very
well under his tenure and where marketing campaigns in both segments have had a high
value impact. GCPL is a part of derivative markets future & option segment, and thus the
concept of a daily circuit limit does not apply to it. Meanwhile, GCPL has reported a 59.13
per cent increase in its consolidated net profit to Rs 365.84 crore for the Q4. Its net sales
was up by 26.87 per cent to Rs 2,706 crore. Buy.
Pidilite (Rs. 1888.00) (Code : 500331) :- The leading manufac-

turer of adhesives, sealants and construction chemicals, Pidilite Industries has reported a
96.43 percent increase in consolidated net profit to Rs 307.44 crore for the fourth quarter
ended March 2021. It had posted a profit of Rs 156.51 crore in the January-March period a
year ago. Revenue climbed 44.72 percent to Rs 2,235.52 crore during the quarter under
review as against Rs 1,544.68 crore. For the fiscal year 2020-21, Pidilite Industries' net profit
was marginally up at Rs 1,126.13 crore. It was Rs 1,122.05 crore in the previous financial
year. Revenue from operations dipped to Rs 7,292.71 crore from Rs 7,294.47 crore in 2019-
20. The company said its board has recommended a dividend of Rs 8.50 per equity share of
Re 1 each. The stock is worth accumulation at current level and at every decline.
Asian Paints (Rs. 2773.00) (Code : 500820) :- Asian Paints

share price jumped over 9 percent on Friday after the company reported an 81.1 percent yoy
growth in net profit at Rs 870 in March 2021 quarter. Its revenue from operations in Q4FY21
was at Rs 6,651.4 crore, up 43.5 percent from the year-ago quarter, with the volume growth
at 48 percent. At the operating level, EBITDA surged 53.4 percent yoy to Rs 1,318.3 crore
and margin expanded by 130 bps yoy to 19.8 percent in Q4FY21. In the financial year 2020-
21, the country's leading paint company registered a 15.6 percent growth in profit at Rs
3,206.75 crore and 7.4 percent growth in revenue at Rs 21,712.79 crore compared to the
previous year. Many brokerages have increased their target for the stock after Q4 numbers.
Credit Suisse is of the view that Q4 was an exceptionally strong quarter with FY21 volume
growth at 13 percent despite COVID. The two-year volume CAGR is also very strong at 22
percent. Goldman Sachs said that Domestic decorative volume growth of 48 percent was
also broadly in line. Buy.
(SEBI Registered Research Analyst)

* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on
14th May, 2021 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
Financial Weekly

May 2021 44
INVESTMENT
Dalal Street Whispers Dilip K. Shah

JSW Steel (Rs. 61.00) (Code: 513446) :- The shares hit the 5% upper circuit after
announcing turnaround results for the Q4. It reported profit of Rs. 103 crore compared with a loss of
Rs. 105 crore. Income more than doubled from Rs. 617 crore to Rs. 1477 crore. Since steel compa-
nies have diverted oxygen for medical use due to Covid-19, impact could be seen on their perfor-
mance.
Reliance (Rs. 1936.00) (Code: 500325):- Reliance has announced two new offers
for Reliance Jio customers. Users who have not been able to recharge their accounts during the
pandemic will get 300 minutes of free voice calls every month. Moreover, a Jiophone user who
buys Rs. 75 recharge plan will get extra Rs. 75 plan free.
Dr. Reddy’s Lab (Rs. 5195.00) (Code: 500124) :- Dr. Reddy’s is launching the
Russia-made Sputnik V vaccine for Covid-19 in India. The vaccine will be imported initially and
will be made in India later on. It has also entered into an agreement with Eli Lill for producing
Baricitinib in India.
Borosil Renewable (Rs. 276.00) (Code: 502219) :- This solar power company
has reported very good numbers for the fourth quarter. Net profit jumped from Rs. 4 crore to Rs. 67
crore. Income for the quarter more than doubled from Rs. 95 crore to Rs. 197 crore. The company's
board has also approved a rights issue to raise up to Rs 100 crore.
Tata Motors (Rs. 312.00) (Code: 500570) :- The board is slated to meet on May 18
to consider the fund-raising plans and the Q4 and annual results. The share has been outperform-
ing due to strong JLR sales.
Torrent Power (Rs. 428.00) (Code: 532779) :- The board is slated to meet on May
20 to consider raising up to Rs. 2000 crore by issuance of NCDs through private placement basis.
Sun Pharma Advance (SPARC) (Rs. 219.00) (Code: 532872) :- This pharma
research company has reported positive top-line results from its Phase 3 trial for the PDP-716
ophthalmic suspension for the treatment of Open-Angle Glaucoma or Ocular Hypertension.
Ambalal Sarabhai (Rs. 40.00) (Code: 500009) :- The shares of Ahmedabad-
based Ambalal Sarabhai are touching new highs. The company’s subsidiary Synbiotics has en-
hanced the production of API Amphotericin B, which is used in making Amphotericin B injection,
the most recommended treatment for mucormycosis and black fungus infections.
Godrej Agrovet (Rs. 528.00) (Code: 540743):- The company has bought 2 lakh
shares of 1.02% stake in Astec Lifesciences at an average price of Rs. 1199.76.
Saregama India (Rs. 1976.00) (Code: 532163) :- This leading company in the
music space reported a 151% jump in Q4 consolidated net profit to Rs. 37.2 crore. Income rose
14% to Rs. 123.50 crore.
ITD Cementation (Rs. 78.00) (Code: 509496) :- This company has bagged Rs.
950 crore orders related to roads, bridges, trains, water supply, etc. from the Indian government.
Cadila Healthcare (Rs. 617.00) (Code: 532321) :- The company is selling its
animal healthcare business for Rs. 2921 crore to Multiples Alternate Asset Management-led con-
sortium. Cont.....
Financial Weekly

May 2021 45
INVESTMENT
Kalpataru Power (Rs. 383.00) (Code: 522287) :- This heavy electrical equipment
company’s consolidated net profit for the fourth quarter surged six times to Rs. 174 crore.
Ultratech Cement (Rs. 6367.00) (Code: 532538):- Cement stocks have been on
a roll of late. Emkay Global has given a buy call on the stock with a target price of Rs. 7050. The
company could also increase its annual dividend payout ratio.
HG Infra (Rs. 333.00) (Code: 541019) :- The company’s consolidated profit more
than doubled from Rs. 54.32 crore to Rs. 111.11 crore, while income increased from Rs. 634 crore
to Rs. 1056 crore.
Orient Electric (Rs. 280.00) (Code: 541301):- The company’s net profit for Q4
increased from Rs. 35.78 crore to Rs. 52.67 crore, and income from Rs. 563 crore to Rs. 802 crore.
Prince Pipes (Rs. 633.00) (Code: 542907) :- The company has reported very good
numbers for the fourth quarter. Profit jumped from Rs. 28.28 crore to Rs. 97.22 crore, and income
from Rs. 430 crore to Rs. 761 crore.
KCP (Rs. 107.00) (Code: 590066):- CRISIL has upgraded the long-term rating on
KCP’s facilities from CRISIL A-/Stable to CRISIL A/Stable and the short term rating from CRISIL
A2+ to CRISIL A1.
Kenna Metal (Rs. 1163.00) (Code: 505890):- The company’s consolidated net
profit jumped to Rs. 22 crore, while income went up from Rs. 184 crore to Rs. 228 crore.
Torrent Pharma (Rs. 2722.00) (Code: 500420):- Torrent Pharma has entered into
a royalty-free, non-exclusive voluntary licensing agreement with Eli Lilly and Company for Baricitinib
for Covid-19 in India.
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
Smart Investment Website Index
12,000 hits only 1 Week
Total number of Hits
1,53,80,888
Kuber Bhandar of earnings
Future - Options, Stock - Watch, Funda - Picks,
Technical Shares, Speculative Scrips, Primary Market,
Financial Weekly

May 2021 46
INVESTMENT
Investor’s Third Eye

Smt. Dr. Hemavathy / Padmanaban (Chennai)
E-mail : investorsthirdeye@gmail.com
Astrological planetary predictions

FOR STOCK MARKET INVESTMENTS
(FROM 17TH MAY TO 23RD MAY 2021)
In this week, the conjunction of Rahu, sun, mercury and venus happens in Taurus, Mars in
Aries, ketu in Scorpio, jupiter in Aquarius, saturn in capricorn, moon occupies cancer, Leo and
Virgo houses. On 17th may 2021 and 18th may 2021, the conjunction of sun Rahu, mercury and
venus in the house of venus where saturn taking nineth position towards Taurus in capricorn brings
volatility in the market. On 19th May 2021, moon in its own house cancer taking 7th position
towards saturn in capricorn favours the market. On 20th May 2021, Mars in Gemini taking 9th
position towards jupiter in Aquarius favours paint producing firms, health, medicine and pharma,
railways, government based stocks. On 21st may 2021, moon in the house of sun in the star of
venus where sun along with Venus brings volatility in the market.
Railways, iron and steel, coal, natural gas, solar power, renewable energy, Electrical and
electronic items, automobile spare parts, battery producing sector, power transmission, Information
technology based firms, transformer producing firms, consumer durables, Banking sector, health,
pharmaceuticals sector may show good movement stock prices.subex systems, borosil renewables,
Tejas Network, Rail tel corporation, IRCTC, goldiem International, GAIL India Limited, Gujarat
Gas, Indraprastha Gas, RITES, unique organics, Olelectra green tech, Talbros automotive may
outperform
Astrological planetary predictions for

GOLD PRICE MOVEMENTS
(FROM 17TH MAY TO 23RD MAY 2021)
17th may and 18th may 2021: Moon in its own house cancer taking the eigthposition
towards jupiter in Aquarius brings volatility in gold prices
19th and 20th May 2021: the conjunction of sun, Rahu, venus and mercury in Taurus
taking 10th position towards jupiter brings volatility in the gold prices.
21st may 2021: Moon in the house of sun (leo) taking seventh position towards jupiter
in Aquarius favours the gold price movements
Financial Weekly

May 2021 47
INVESTMENT
News Track
Government of India’s
Special Window Completes First Residential Project
Finance Minister Smt. Nirmala Sitharaman hands over
possession to homebuyers through virtual meet
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman today handed
over possession to homebuyers virtually as Government of India’s Special Window for Af-
fordable & Mid-Income Housing (SWAMIH) completes its first residential project.
The residential project - Rivali Park, located in suburban Mumbai, was the first housing
project in India to have received funding under the SWAMIH Fund. The SWAMIH Fund was
launched by Smt. Sitharaman in November 2019.
Rivali Park Wintergreen is the first investment by the Fund and is also the first project to
get completed. It is a large project spread over 7 acres consisting of 708 units of various
configurations. The project is “Rivali Park Wintergreen” developed by CCI Projects Pvt Ltd
(CCIPPL), an associate company of Cable Corporation of India Ltd.
Addressing the virtual event, Finance Minister Smt. Sitharaman said she is very pleased
to see that SWAMIH Fund has completed its first residential project. More so, it is an impor-
tant achievement since the SWAMIH Fund has worked its way through the difficult period of
COVID-19 pandemic, she added.
The Finance Minister said that the Government of India had stepped in to provide funding
to the stressed affordable and mid-income housing projects thereby giving relief to the home
buyers who had invested their hard earned savings. Smt. Sitharaman said the Government
believes that once these homes are constructed and completed, a large amount of capital
locked up in these projects will be released.
Financial Weekly

May 2021 48
INVESTMENT
REVIEW OF “SMART PLUS NEWS LETTER”

Amazing 16% RETURN
SMART GAIN FOR SMART INVESTORS
Company Reccom. CMP Ch. Company Reccom. CMP Ch.
10-5-21 16-5-21 (%) 10-5-21 16-5-21 (%)
Grindwell Norton 1050 1201 14.38 BPCL 442 443 0.23
Persistent Sys. 2260 2286 1.15 Dhanuka Agritech 801 891 11.24
Balkrishna Ind. 1832.85 1906 3.99 Kirloskar Ferro 241 249 3.32
Britannia 3463 3507 1.27 Deepak Fert. 268 283 5.6
Kaveri Seeds 639 736 15.18 Anuh Pharma 139 151 8.63
Dabur 534 536 0.37 Dalmia Sugar 285 291 2.11
Mishra Dhatu 200 202 1 Dhampur Sugar 285 300 5.26
Praj Ind. 267 312 16.85 Kopran 190 205 7.89
Clariant Chemicals 446 477 6.95 Uttam Sugar 143 145 1.4
Cochin Shipyard 370 383 3.51 I.B. Housing Fin. 180 183 1.67
LIC Housing Fin. 422.7 429 1.49 PNB 35 36 2.86
Voltas 969 1009 4.13 Welspun India 93 100 7.53
Coal India 137 147 7.3 SPIC 36 41 13.89
Canara Bank 144 149 3.47 Kothari Products 74 75 1.35
Cadila HC 603.1 619 2.64 Sangam (India) 91.7 97 5.78
Sun Pharma 679 692 1.91 GMDC 68 72 5.88
Glenmark Pharma 596 607 1.85 Tamilnadu Petro 84 86 2.38
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Financial Weekly

May 2021 49
INVESTMENT
Editor : Dilip K. Shah
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Only Financial Weekly Published in

Editor : Dilip K. Shah

Phone : 079 - 2657 66 39

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

According to the Indian Newspaper Society,

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

FII ACTIVITY (Rs. in Cr.)

SMART 16th May 2021 to 22 nd

Contact : (M) 9825006980 & 9979330348

SMART 16th May 2021 to 22 nd

Rapid Fire Stocks

Kalpna J (Email- Kjtech79@gmail.com)

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HDFC (Rs. 2422)

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KOTAK BANK (Rs. 1707)

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Rapid Fire Stocks

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Smart Investment : Subscription Rates

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Company's products on a global platform, competing with the established world

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

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Smart Education : Ankit Gala : buzzpublishing@gmail.com

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More detail about Subscription

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powder or its equivalent products. It's plant Particulars 9 Months Ended

SMART 16th May 2021 to 22 nd

Some Super Duper recommendations of

SMART 16th May 2021 to 22 nd

Mahindra EPC Irrigation Limited (Rs.140)

SMART 16th May 2021 to 22 nd

Scrip Name BSE

SMART 16th May 2021 to 22 nd

Corrections Are Temporary, Growth is Permanent

The index formed a bearish candle on daily and weekly charts.

* India VIX moved up by 0.93 percent from 20.08 to 20.26 levels.

Net profit Rs554cr (down 27.4% YoY) – expectation Rs638cr

Ebitda Rs1133cr (up 20% YoY) – expectation Rs1068cr

Tax expenses Rs253.6cr – expectation Rs175.5c

Income Rs4730cr (up 7% YoY) – expectation Rs4899c

SMART 16th May 2021 to 22 nd

* Welspun India – Board approved Buyback

Buyback Size (in ?) : 200 Crore

Record Date - 26 May 2021

Q4 REVENUE 480.88B RUPEES VS 442.45B (YOY)

CO RECOMMENDED A FINAL DIVIDEND OF 18 RUPEES PER SHARE

CONSOL ORDER BOOK AT 3.27 TRLN RUPEES AT QTR END

* Cash Prov Fig (14/05/2021)

Net 613.26 Cont...