II Budget Issue II An ISO 9001:2008 (QMS) Certified Company II Budget Issue II

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Published Place : 311 & 313, Nalanda Enclave, Opp. Sudama Resorts, Pritam Nagar 1st Dhal, Ellisbridge, Ahmedabad.

Rural Consumption based Budget : Market Players Bullish

- Budget major booster for Housing sector, Jaitley tries
his best to set house in order
- No change in Long Term Capital Gains and STT cheers
the market : Sensex jumps the most in last 12 years
on budget day
GOOD, BUT NOT PATH-BREAKING Equity / Commodities / NCDEX
'NO NEWS' IS GOOD NEWS 99% Accurate,
The market was awaiting the
Union Budget with lots of hopes and
fear. Post Demonetization, market
:::: INDEX LEVELS :::: 100 % Advance & Online
was expecting some strong policy S3 S2 S1 Close R1 R2 R3 www.meinbanungacrorepati.com
9 0 9 9 2 9 0 9 9 3
initiatives, but the Budget proved to NIFTY 8400 8506 8614 8740 8826 8913 8996
be more Populist than Reformist.
SENSEX 27034 27488 27845 28240 28631 29077 29522
Market was in fear as it expected
some tinkering in the Long Term process overcame the 61.8%
Capital Gain Tax structure or even
an increase in STT. But the Budget
Market Scan Retracement level of Sensex 27994
and Nifty 8558. Since the indices are D(en)O(f)W(ealth)
was devoid of both the devils and Jatin Sanghavi now trading above the Trend Rever-
hence it was a relief to the market (Mumbai) sal level, we can assume that the After grand success of our Website www.smartinvestment.in & Our
participants. 'No bad news' was per- (M) 098205 26455 indices will now target the previous Publications, Smart Investment Weekly (Gujarati & English), Smart Plus
ceived as good news, and the mar- E-mail : top. News Letter & Smart Bonanza (Gujarati Weekly), Smart Investment proudly
ket rallied. This week, both the indices have announces launch of DOW wherein subscribers to this service will be given
jatinsanghavi100@yahoo.com
Nifty Headed Towrds : 9000:- completed a Bullish Flag pattern through SMS/Email Breaking News and Other Buy / Sell Ideas which happen
Post Budget, both the indices rallied made a high of 28299, low of during the week i.e. during the interval of publication of our 2 issues. Such
and overcame the Trend Reversal 27590 and closed the week at
This Weeks Recommendations
Rec. Name CMP SL TGT-1 TGT-2 information will be ahead of our competitors and will enable subscribers to
level of Sensex 27994 and Nifty 28240. Thus it closed the week reap rich dividend in short term/few days as well as early entry for LongTerm
8558. Nifty has completed a bullish with a gain of 358 points. At the Buy Cipla 607 592 630 654
Wealth creation. Investors interested to subscribe to DOW can provide their
pattern and is now headed towards same time the Nifty opened the Buy CoaL Ind 326 318 338 351
week at 8635, made a high of Buy Exide 209 204 217 226 Mobile no and email id and make payment of
9000 mark. But in the short term the
market may consolidate as the daily 8757, low of 8537 and closed Buy Jindal Stl 91 88 96 102 Rs 5000/- (for 1 year)
Momentum Oscillators are over- the week at 8740. Thus the Nifty Buy BHEL 142 139 147 153
bought. But any dips towards closed the week with a gain of 99 which is a Bullish Continuation pat-
in favour of Archi Publications
Sensex 28000 and Nifty 8550 mark points. tern. The target as per this pattern Contact : (M) 9825006980 & 9979330348
should be used as a buying oppor- On the weekly charts, both falls at Sensex 28997-29165 and
tunity. Sensex and Nifty have formed a real
smartinvest25@gmail.com , smartinvest25@yaoo.in
9017-9029 for the Nifty. The above
Technically Speaking :- white body candle in line with the targets are likely to be achieved as Bank Details : HDFC Bank : Current A/c No. : 00062560008858
Sensex opened the week at 27866, bullish trend. On the daily chart, both long as Sensex remains above Beneficiary Name : Archi Publications
the indices have formed a small 27590 and Nifty above 8537.
body Spinning Top which is a neu- MACD and Price ROC are both
RTGS / NEFT IFSC : HDFC0000006
tral formation. Thus daily candlestick positive and continue in Buy mode. Navrangpura Branch, Ahmedabad-380009.
pattern suggest a pause in the rally RSI (72) still suggests bullish mo-
but the weekly pattern suggest con- mentum. Stochastic Oscillator %K
tinuation of bullishness. (96) is above %D, indicating a Buy.
This week, post the Budget, But both RSI and Stochastic Oscil-
market heaved a sigh of relief as
BUY.... BUY....BUY TIPS OF THE WEEK
lator are overbought.
there was no negative news and as Co. Name Code Price Co. Name Code Price
a result the indices rallied and in the (Cont. on P. No.10) NCC 500294 85.00 IRB Infra 532947 233.00
RCF 524230 60.00 BATA 500043 492.00
Jain Irrigation 500219 96.00 AIA Engg. 532683 1367.00
Stock Market Related one of the Most Successful Vijaya Bank 532401 66.00 Glenmark 532296 947.00
Subex 532348 11.00 Sun TV 532733 683.00
Website : www.smartinvestment.in L & T Fin. 533519 104.00 APL Apollo 533758 1099.00
Federal Bank 500469 84.00 BEML 500048 1256.00
Within a span of just four years of Launching www.smartinvestment.in has got Bank of India 532149 132.00 Siemens 500550 1187.00
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2 5th February to 11th February 2017
II Budget Issue II SMART
INVESTMENT
Smart Picks Expert in financial analysis (Mumbai )
E-mail : rohan.nalavade21@gmail.com Technical Trading Trends - Parag Salot : M. : 91-9930011789
(SEBI Registered Research Analyst)
Rohan Nalawade
Nifty Overview :
Budget sets bulls trend for 2017 In Last Trading Session, Nifty
Parag J. Salot (B.com, M.com, MBA Finance)
Founder,SEBI Registered Research Analyst - ShareInfoline
In our earlier issue we had stated bulls are in full control, and suggested closed at 8757. Nifty is at a point Skills : Equity / Commodity Technical Research Analyst, Fi-
perfectly buy on dips nifty at 8530 and almost achieved targets given 8740 of Support & Resistance. I.e if it nancial Analysis, MIS, Cash Flow, Budgeting, Peer Compari-
,in budget week ,we had recommended stocks son, Financial Modeling, Business Plan, Consulting, Training
consolidates here for a while and & Seminars, Article Writing, Digital Marketing.
ICICI bank. sbin. ,ifci Reliance industries all worked good. Now market moves up then current level of
is sound for new high in 2017 Nifty for 9300-9600 levels and 8625 is major Parag Salot is MBA Finance & SEBI registered research Analyst providing
8730/8750 will act as support consultancy service under the brand name ShareInfoline. ShareInfoline.com
support for nifty next levels are 8790-8800-8920 to achieve shortly .bank
and will try to move further up is India’s leading website (started in 2004) providing Equity & Commodity
index support IMG market for new highs Tips based on technical analysis.
and if it corrects and goes down
Budget special= we were positive with budget and stated in our issues
,as positive for infrastructure, roads rail constructions. agri,banks and in then the same level of 8730/8750
this budget lot of benefits and development are being made in infrastructure, will act as resistance. Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
agriculture sectors,banking ,and finance cement . Bank Nifty Overview Code Close Between Tgt. Tgt. Loss
Tax benefits are given to startup new companies and also for individual In Last Trading Session, Bank of India
tax rate reduced to 5% from 10% for those who have income above 2.5 lakh Bank Nifty closed at 20260. Simi- (Cont.– buy was at 116) 532149 133 120 140 160 110
to 5 lakhs,so people can use the benefits to use in other resources. Budget lar to Nifty, even Bank Nifty is at Bharat Forge 500493 950 940/950 965 980 925
was good and productive so stocks related to banks ,mines ,infrastructure, Jindal Steel
a point of Support – Resistance
agro products ,will rise this year . (Cont.– buy was at 80) 532286 92 82/88 95 105 74
at levels of 20100/20200. How- Jubiliant Food
Stocks to watch :- ever, Bank Nifty is comparatively (Cont.– buy was at 858) 533155 909 885/895 925 975 855
SBI :- we had given at 250 still hold long for 288 stronger and PSU are the ones Just Dial 535648 378 370/378 395 425 355
ICICI BANK :- given at 260 still hold for 310
which are trending up along with Sintex
Ambuja Cement :- given at 230 hold for 250-265 (Cont.– buy was at 84) 502742 94 88/94 100 108 80
few private banks.
Mahindra Finance :- looks good abv 290for 320 Sun Pharma 524715 650 640/650 670 700 625
Note : Note: All calls are momentum
IFCI :- looks good abv 30 for 36-40 calls based on technical analysis and all Torrent Pharma 500420 1307 1290/1305 1330 1350 1275
L&T Finance :- Good for longterm at 101 for 119-135 levels as per future prices (If scrip not Wockhard Pharma
Ashok Leyland :- Looks good abv 92 for 110 available in futures then BSE Cash (Cont.– buy was at 635) 532300 689 670/685 705 745 655
price). All these calls are given based on
daily charts but intra-day signals are Trading Sell
Technical News : 6-2-2017 to 10-2-2017 equally important to enter the trade in a
timely manner. Timing is very important
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Manu Consultants : Manishkumar - Kolkata and we at shareinfoline.com give you Bharat Fin 533228 840 860/880 840 800 900
timely calls based on intra-day charts. Exide 500086 209 220/225 210 200 233
SEBI REG:- RESEARCH ANALYST- INH300002449 Read Disclaimer at Hind Zinc 500188 318 325/330 315 305 336
ShareInfoline.com Tata Comm 500483 753 770 760 750 782
• NIFTY FUTURE
NIFTY FUT SUPPORT AT 8500-50 AND RESISITANCE 8780-8840
STRATEGY :- BUY NIFTY ON SIPS TILL 8640 SL 8580 TA 8840-8900
• STOCKS F&O:-
NCC (85) :- BUY NCC ON DIPS TILL 82 SL 79 TA 90-94 NIFTY has strong support around 8685 level
DISH TV (87) :- BUY DISH TV ON DIPS TILL 82 SL 80 TA 94-100
JSW STEEL (19) :- BUY JSW STEEL ON DIPS TILL 184 SL 178 TA
210-20
Investment Ideas
NIFTY (8740.95) :- For next week NIFTY has strong support around
8685/8650 levels. Break will take it to 8570 levels. On the upper side NIFTY
will face strong hurdle at 8800/8810 levels, cross over with volume and close
EICHER (23400) :- BUY EICHER ON DIPS TILL 23000 SL 22650 TA above will create short covering at take NIFTY up to 8885/8940 levels… www.rupeegains.com
24400-25000 BANK NIFTY (20196.8) :- For next week BANK NIFTY has strong telegram.me/rupeegains
• SELL STOCKS support around 20055/19915 levels. Break will take it to 19800levels. On the
SELL JET AIRWAYS ON RISE TILL 390 SL 402 TA 360-40
upper side BANK NIFTY will face strong hurdle at 20330 levels, cross over with volume and close above will create
SELL MCDOWEL ON RISE TILL 2340 SL 2380 TA 2200-2150
short covering at take BANK NIFTY up to 20500/20580levels…
• DELIVERY STOCKS
BUY BF UTILITY SL 365 TA 480-550 Medium to Long Term Investment
DISCLAIMER :- The Recommendations are based on technical analy-
sis. There is a risk of loss in trading.Please visit website www.dallalstreet.org Indraprastha Medical Corp. (532150 & NSE) (54.5) :- Incorporated in 1988, Delhi based
for full disclaimer and disclosures. Indraprastha Medical Crop Limited provides healthcare services primarily in India. It is Apollo Hospi-
tal group Company & Apollo Hospital is a leading company in this sector. The promoters hold 51% of
the equity capital, which leaves 49% stake with the investing public. For 9MFY17, Company has
Market celebrates Valentine's Day posted net sales of Rs.579.62crore with net profit of Rs.22.26crore. Stock is trading at PE ratio of just
18.2 which is lowest against PEERs. It is regular dividend paying company. It has paid 18% dividend
(loves Budget) ! A. K. Asnani for FY16. At current level dividend yield is around 3.33% which is again best against peers. Stock is
Budget key points :- (M) 9893512098 looking hot for investment at current level. One can buy this stock with stop loss of Rs.49. On the upper
" Adherence to fiscal discipline Smart Verc (Bhopal) side stock will zoom up to Rs.70-75 levels in medium term…
" Very strong focus on rural Author of Book Ajmera Realty & Infra (513349& NSE) (177.2) :- Ajmera Realty & Infra India Limited engages in
economy. The allocation for ru- Way to Billionaire the real estate business in India. It operates in two segments, Construction and Renewable Energy. It
ral agri and allied sector in 2017-18 is record Rs 1,81,223 crore develops residential, commercial, and township projects. The company is also involved in the renew-
" Hardly any populist measures able energy business. The company was incorporated in 1985 and is based in Mumbai, India. Mumbai,
" Tax reduction for MSME (Micro Small and Medium Enterprises) from Surat, Ahmedabad, Pune, Rajkot and Bangalore are the main area for company. With an equity capital
present 30% to 25% for companies with turnover upto Rs 50 crores. of Rs.35.48crore and reserves of Rs.413.78core. The promoters hold 61.94% of the equity capital,
" Boost for Infrastructure which leaves 38.06% stake with the investing public. During Q3FY17, ARIL posted sales of Rs.83.07crore
" Income Tax rate cut from 10% to 5% for individuals having income with 175.92% higher PAT of Rs.23.04crore fetching an EPS of Rs.6.49. During 9MFY17, its net profit
between Rs 2.5 lakh to Rs 5 lakh rose almost 100% to Rs.40.08crore from Rs.20.51crore in 9MFY16 on higher sales of Rs.191.87crore
" Transparency in political funding fetching an EPS of Rs.11.3. Government has given infrastructure status to affordable housing sector
• No major changes for indirect taxes due to GST Implementation. which is positive for realty sector. Investors can buy this stock with a stop loss of Rs.160. On the upper
• The best part of the budget was not slipping on fiscal discipline. The side, it could zoom to Rs.235 levels in short-term and further to Rs.300+ in long-term…
budget will bolster rural and infrastructure development. Enough an- Makers Labs. (Rs. 96.00) (Code : 506919) :- Incorporated in 1984, Makers Laboratories Limited
nouncements have been made to boost consumption specially in Tier-II engages in the manufacture and sale of pharmaceutical products in India. The company offers prod-
and Tier-III cities. Lot of sops has been declared for housing sector. ucts in various general health therapeutic segments, including antibiotic, anti-inflammatory, analge-
This will drive demand in sectors like Construction, Electrical consumer sic, antispasmodic, cough and cold control, cardio-diabetic, anti-allergic, acid regulatory, anthelm-
goods, Cement, Housing Finance companies, Paints, White goods etc. intic, topical antibiotic/antimicrobial, neurotonic, anti-anxiety, tranquiliser, anti-malarial, anti-fungal,
"We must appreciate the fact that the government is very serious on the anti-emetics and anti-nauseants, anti-diarrhoeal, nutritional, injectable, and other specialties. Its
mission of housing for all...... formulation brands include Duramol, Loroquin, Artemak-AB, Nimuwin, Cofwin, and Exylin. It serves
• Affordable housing getting infrastructure status will enable efficient supply
stockists, doctors, and retailers.
of housing stock in the country and provide benefits associated with it,"
It has an equity base of just Rs.4.92crore that is supported by reserves of around Rs.21.42crore.
- Getamber Anand, CREDAI national president
The Promoters hold 58.37% while the investing public holds 41.63% stake in the company. During
Based on valuations following stocks appear attractive at current price
Q3FY17, MLL posted sales of Rs.13.03crore with 91.66% higher PAT of Rs.0.92crore fetching an
(as on 01-02-2017) for long term - Berger Paints, GRUH Finance, Equitas
Holding, Bajaj Electricals, Whirlpool of India EPS of Rs.1.87. During 9MFY17, its net profit zoomed 33.20% to Rs.3.25crore from Rs.2.44crore in
- A K Asnani : Author of book 'Way To Billionaire' : 9893512098 H1FY16 on sales of Rs.43.81crore fetching an EPS of Rs.6.61. Currently, the stock trades at a forward
Sebi Registration number: SEBI:INH000000420 P/E of just 11x. It is regular dividend paying company. Company has paid 10% dividend for FY16.
(Investors are requested to kindly perform their own analysis and due diligence Stock is looking extremely attractive at current levels. One can buy this stock with stop loss of Rs.80.
before investing in above stocks, which have been suggested based on writer's analy-
On the upper side stock will zoom up to Rs.125 levels in medium term while stock can zoom up to
sis. He own small holding in Berger Paints and Whirlpool of India
Rs.150/160 levels in longer term…
Disclosures : At the time of writing this article, author, his clients & dependent family members may have
Ex-date Details 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
BSE Code Company Ex Date Purpose
511243 CHOLAINV 06-Feb-17 Interim Dividend - Rs. - 3.50 so have vested interest obviously in their going up or down as the case may be.
532424 GODREJCP 06-Feb-17 Interim Dividend - Rs. - 1.00 Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated
500387 SHREECEM 06-Feb-17 Special Dividend - Rs. - 100.00 sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors
523269 ADVANIHOTR 07-Feb-17 Interim Dividend - Rs. - 0.40 should take their own decisions. We assume no responsibility for any transactions undertaken by them. The
532783 DAAWAT 07-Feb-17 Stock Split From Rs.10/- to Rs.1/- author won't be liable or responsible for any legal or financial losses made by anybody.
SMART
INVESTMENT
II Budget Issue II 5th February to 11th February 2017 3
Stock Buzz Subramanian Mahadevan
dolphincapital@gmail.com
Welcome Budget, but market is overbought,
He is presently working in United States Chance to buy at lower level
The budget is presented and
as a Senior Business Analyst for a leading
technology company. He has a great now all are waiting the market reac- Ashok Trivedi
tion to it. Last year the BSE Index
passiontowards equity &associated with (Columnist-Gujarat Samachar)
closed at 23002 on the budget day
equity market since 2005 and strongly prac- which has improved to 29077.27, Ashok Trivedi, a column writer of
tices and preaches 'Value Investing'. He has while Nifty Future closed at 7008.95 renowned news paper Gujarat
identified numerous multi-baggers and made un-biased 'Sell' last year and at 8994.50 in the cur- Samachar is famous for his column
ideas week after week benefiting retail investors. He writes blog rent year. The Nifty Future has also ‘Chart Sanket’ (Indication from chart
and contributes regularly to weekly investment magazines - improved from 13989.35 of last year reading). He is also an investment consultant and portfolio manager. He
to 20649.45 this year. So investors
Smart Investment and Money Times. also provides in put to famous website www.shareinfoline.com and
trading in good scripts benefitted the
most.
Asian corporate service of Mr. Dilip Desai. Mr. Trivedi is planning to
L&T Infotech Limited What next in the share market provide guidance to the small investor on F & O Sector of investments.
Mob. : 09820728124 / Off (022) 65215485
(Rs.679) : Solution Provider ! after budget? What if my money
gets stuck when the investment is www.chartsanketstock.com / E-mail : chartsanket@gmail.com
L&T Infotech Limited (LTIL) -is a Mumbai based IT Solutions & made in hurry? The budget experts
ServicesCompany incorporated in 1996 as a subsidiary of Larsen & opinions and discussions are be-
Toubro Ltd. L&T Infotech is ranked as 6th largest IT Company in India in yond understanding of the common
has taken a sigh of relief. As the in- Nifty Future :- On upward
come tax rate has been lowered by movement, beyond 8774 it may go
terms of export revenues and among top 20 IT service provider in the man. Generally, anyone in the 5% on tax bracket of Rs2.5 lakh to up to 8790, 8800, 8850, 8925 with
world. It offers an extensive range of IT services in diverse industries country can give expert opinion on Rs5 lakh so people will tend to show resisting level at 29077. On down-
around the world. The services offered by L&T Infotech includes appli- budget and share market. Gujarati more taxable income. Housing and ward movement, below 8668 it may
cation development, maintenance and outsourcing, enterprise solutions, Poet Harindra Dave has said: "No- banking sectors and small get support at 8594.
infrastructure management services, testing, digital solutions and plat- body loves us less, we expect a corporates will be benefit.
form-based solutions. It came out with an IPO last year (July 2016) and great deal from others". After the Bank Nifty Future :- On up-
raised 1200 crore as Offer for Sale (OFS) enabling the parent company budget, the experts give opinion
BSE Index :- On upward ward movement, beyond 20288 it
to receive the entire proceeds of the IPO and to some extent enhance that certain shares will be benefit- movement, beyond 28290 it may go may go up to 20332, 20500, 20670
corporate governance and brand visibility further. Competitive strengths ted but the prices of those stocks up to 28450, 28655, 28870 with re- with resisting level at 20840. On
of the company includes - strong domain focus enabling Business-to-IT tumble after a few days of budget. sisting level at 29077. On downward downward movement, below 19860
Connect, strong parentage and brand equity, established long-term rela- On the other hand, the stocks ex- movement, below 27947 it may get it may get support at 19700.
tionships with clients, extensive portfolio of IT services and solutions, pected to witness losses that support at 27750.
increased focus on emerging technologies, proven track record of es- spurts after budget. Golden Quote : Direction is so much more important
tablished processes and executing large, end-to-end, mission critical The capital gain tax has re-
projects and finally strong management culture. IT outsourcing business mained unchanged so the market than speed, many are going nowhere fast
is expected to face new challenge
in USA like wage hikes and curbs
in workers visa besides disruptions * Special Offer : Rs 0 Account opening Fee (Trading & Demat)
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biggies like TCS and Infosys. 146, Centre Point, Near Somnath Dabhel,
Stock can easily appreciate 50% SEBI Regn. NO. INZ000048660 INDP2802016 I BSE : 6635 I NSE : 90084
within one year time frame and LTIL Nani Daman, Daman-396210 Stock Market Investments are subject to Market risk.
is expected to close FY17 with turn-
over of 7200 crore and PAT in ex-
cess of 950 crore. Solid Buy with limited downside.
Kushal Tradelink Limited NIFTY FO RANGE @ 8630 TO 8808 POINT IN SHORT TERM…!!!
Dear Friends, MARKET dium term position also…!!!
(Rs. 540) : Discarded Paper ! NIFTY FO CLOSED @ 8757 AS 4. PECOS HOTELS (88) : This
Kushal Tradelink Limited (Kushal) - is a Gujarat based paper trading ON 03.02.2017..!! TREND stock is looking very good to buy @
NIFTY FO has resistance at Rs 81 with SL of Rs 73 for the target
company incorporated in the year 2000 and considered as one of the leading NIKHIL BHATT
wholesalers in Ahmedabad. The company claims to have a client base of 8808 - 8818 Level; above which other of Rs 96 - 108 Levels below Rs 73 is
resistance levels are at 8840 - 8888 (+919979380808) stock shall witness free fall…!!!
over 600+ customers making it one of the major player in Paper and Paper
Level with highly Volatile Trend. WWW.INVESTMENTPOINT.IN 5. BHARAT GEAR (121) : Buy
products in Gujarat. Kushal reportedly operates as an intermediary in the
paper products supply chain wherein it purchases materials such as kraft In Downside support levels are @ Rs 116 levels considering minor
at 8703 - 8686 Level; below 8686 again then the upper side target is support of Rs 113 and stop loss of
paper, duplex boards etc. from individual paper mills and supplies the same to quite high and it may touch 8840 Level
customers in the packing segment post some customization. Kushal raised Level, other support levels are at Rs 108 for an upper target of Rs 129
8630 - 8603 Levels. in short term...!!!
28 crore in 2013 from the public through an IPO issuing shares at Rs. 35 a GOLDEN STOCKS FOR THE
piece with a main objective being - purchase and set up a corporate house for Sensex Nifty
PERIOD: 06.02.2017 TO 10.02.2017
10.01 crore, 15.75 crore towards long-term working capital requirement and 1. ACC LTD (1422) : It is sug-
the remaining 1.09 crore for general corporate purposes. Unable to digest gested to buy @ Rs 1408 with SL of
that a mere trading company which raised only 28 crores in 2013 through IPO Rs 1390 for the target of Rs 1447 -
on BSE-SME Exchange now boasts 1461; below Rs 1390 it can fall up to
market cap in excess of 6400 crore RS 1376 - 1360 levels. If it crosses
Top 5 MIPs with P/E in excess of 200+ whereas Rs 1464 level than expect nonstop
rally up to Rs 1480....!!
well established and consistent divi- - 133 levels. Below Rs 108 it can slip
Top 5 MIP Schemes based dend paying paper manufacturing I am positive for next week above 2. TATA MOTORS (524) : Op-
up to RS 96 - 90 levels…!!!
on 3 yr. SWP returns company like - Ruchira Papers 8808 Level but be with the trend. Let erator based Game start in this
6. CSL FINANCE (240) : Opera-
trades at 0.8X of sales and Balkrishna the market decide further moves. As stock, BUY @ Rs 513 With SL of Rs
Scheme Name Return tor based buying has been there in
Paper Mills of renowned business we are saying from many days Buy- 503 for the target of Rs 544 - 560
Annualised this stock. Buy @ Rs 233 with SL of
house Poddar group trades at 0.7X ing is suggested in falls only...and level below Rs 503 it can show fur-
Franklin India Monthly 21.78 Rs 216 for the target of Rs 267 - 280
of sales. We feel operators are heavily it's still a better strategy in the given ther downfall up to Rs 493…!!!
levels it is very good for long term
Canara Robeco 21.54 involved in this counter and advising Scenario...!!! Regarding long term 3. TITAN BIOTECH (43) : Buy
position also…!!!
Sundaram Select 20.05 investors not to get swayed by the positions, it is preferable to remain delivery of this stock near @ Rs 37
7. EDELWEISS FINANCIAL
UTI Mid Cap Fund 19.62 bonus issue offered by the company. cautious now...!! with SL of Rs 33 for the target of Rs
(123) : Trading point of view BUY @
Book Profits and exit immediately. If NIFTY crosses 8808 Level, 49 - 60 level. It is very good for me-
ICICI Pru. 19.62 Rs 116 With SL of Rs 109 for the
target of Rs 137 - 151 level below
Fast Growing Stocks Least Expensive Stocks Best PEGs Income Generators Least Risky Rs 109 It can show further downfall
up to Rs 96…..!!!
Higesht Expected Revenue The 5 Stocks with the Top 5 Stocks with the least Top 5 Stocks with the Top 5 Stocks With the 8. UTTAM SUGAR (90) : Buy
growth over the previous year lowest forward P/E price earning to growth ratio highest dividend yield lowest downside risk delivery of this stock near @ Rs 83
Co. Name Revenue Co. Name Lowest Co. Name Earning Investor Earn as Div. for Co. Name Lowest with SL Rs 76 for the target of Rs 97
Growth(%) Forward PE Grwoth Ratio
Every Rs. 100/- Invested
Downside Risk - 108 level. It's very good for long
Co. Name Hig.Div. Yield term position also…!!!
Techno Ele. 439 South Indian Bank 8.62 CESC 0.18 Oil India 0.93 9. BEST STEEL LOGESTICS
Hindustan Zinc 8.53
Ambuja Cement 89 Karur Vysya Bank 9.21 Escorts 0.18 NMDC 7.48 Karuru Vysy Bk. 1.04 (96) : For medium term buying is sug-
Oberoi Realty 84 Indiabulls Hsg. 12.64 CESC 0.19 I.B. Hsg. Fin. 4.79 Hero Moto 1.05 gested @ Rs 88 with SL Rs 83 for
Power Grid 1.06 the target of Rs 109 - 114 level. Be-
Natco Pharma 73 Oil India 13.63 JK Cement 0.19 Oil India 3.56
low Rs 83 it can show further down-
HCL Techno 69 Lakshmi Vilas Bk. 13.75 Oberoi Realty 0.20 Karuru Vysya Bank 3.28 M&M 1.08 fall…!!!
4 5th February to 11th February 2017
IRB Infrastructure goes on Highway of Growth
LG Balakrishnan will rally on expectation of better Q3 numbers
L&T will benefit from General Budget focused on Infra and Construction
NBCC will rally as record date for Bonus shares comes closure
Dhanuka Agritech rallies on positive Budget for Agriculture
Smart Best
Buy S. N. Zaveri
IRB Infrastructure : FM Mr.
Arun Jaitley has alloted huge
amount for Road projects in his
budget.The Centre’s increasing
thrust on road projects should
translate into healthy investor in-
terest in this sector. This should
help companies such as IRB In-
frastructure Developers (IRB), a
leader in the BOT (build, operate
and transfer) mode of executing
road projects. The company is
also coming up with an Invest-
ment-Trust (Inv-IT) model — the
first of its kind in India.Despite the
effect of demonetisation and stop-
page of toll collection for more than
three weeks in November and
December 2016, IRB’s consoli-
dated revenue grew by 17 per cent
Y-o-Y in the nine months ended
December 2016 to ?4,313 crore.
Of this revenue, toll and construc-
tion revenue accounted for about
40 per cent and 60 per cent
respectively.As part of compensa-
tion for demonetisation, the opera-
tion, maintenance and interest cost
were paid by the authorities to the
developers.The company cur-
rently operates 14 projects. Be-
sides this, five are under imple-
mentation while three others were
recently awarded.The stock’s cur-
rent price discounts its trailing 12-
month earnings by 12.6 times,
lower than its historical three-year
average of around 14 times. Long-
term investors can buy the stock.
LG Balakrishnan & Bros
(LGBBL) : LG Balakrishnan is a
market leader in two-wheeler au-
tomotive chains with a 70% mar-
ket share in the OEM segment.
The two-wheeler industry is
showing signs of recovery, both
in terms of domestic sales as well
as exports. This will lead to re-
curring business opportunity for
auto ancillary companies like
LGBBL. Going ahead, the com-
pany would improve its volume
growth in the automotive chains
segment driven by healthy vol-
ume growth at key clients like
HMCL, HMSI, Yamaha, TVS Mo-
tor and others (owing to upcom-
ing capacity expansion plans and
new launches). LGBBL is ex-
pected to report much better Q3
results, to be announced on 7th
Sensex & Nifty Change on Budget Day
Date Finance Minister
28-2-2005 P. Chidambaram
28-2-2006 P. Chidambaram
28-2-2007 P. Chidambaram
29-2-2008 P. Chidambaram
6-7-2009 P. Mukherjee
26-2-2010 P. Mukherjee
28-2-2011 P. Mukherjee
16-3-2012 P. Mukherjee
28-2-2013 P. Chidambaram
10-7-2014 Arun Jaitley
28-2-2015 Arun Jaitley
29-2-2016 Arun Jaitley
1-2-2017 Arun Jaitely
February. The stock is trading in
the range of Rs.570-600 in last
one month. The stock will rally this
week itself.
L & T : General Budget has
been focused on Infrastructure
and construction sector which
might benefit companies like
L&T. Most of the analysts are bull-
ish on L&T. L&T has reported
better Q3 numbers. Its net profit
in the December quarter rose
38.86% to Rs972.47 crore from
Rs700.34 crore. Revenue from
operations rose 1.4% to Rs26,
286.98 crore from Rs25,928.07
crore. Other Income rose 6.56%
to Rs256.83 crore in the Decem-
ber quarter from Rs241.03 crore
for the same quarter last year.
Consumption of raw materials
dropped 9.05% to Rs3,843.30
crore for the quarter from
Rs4,225.64 crore for the same
quarter last year. L&T said it won
orders worth Rs34,885 crore in
the quarter ended 31 December.
International orders at Rs11,865
crore made up 34% of the total
order inflow. Infrastructure seg-
ment achieved a growth of 6% on
a year-on-year basis to Rs12,467
crore and the hydrocarbon seg-
ment registered a growth of 14%
to Rs2,638 crore on a y-o-y
basis.L&T’s consolidated order
book stood at Rs2.59 trillion as of
31 December, an increase of
1.4% from a year earlier. The
stock is worth accumulating.
NBCC : National Buildings
Construction Corporation Ltd.
(NBCC) is a 56 year old Navratna
PSU company. The company is
present in three main segments,
like Project Management
Consultancy (PMC), Real Estate
Development (RE) & EPC Con-
tracting. The PMC contributes 85-
90% of its annual turnover. It gets
PMC contracts on nomination ba-
sis, as it is notified as a Public Work
Organization under revised Rule
126 (2) of general financial rules
(GFR). It undertakes the entire
project from concept designing to
commissioning. A strong debt free
balance sheet and huge opportu-
nity in redevelopment space along
with strong order book continue
to play positive on NBCC. Benefit
of low inflation, low interest rate
and transparency post demoneti-
zation will give big boost to the
construction sector as a whole.
Budget is also positive for the in-
frastructure and construction sec-
Sensex Change Nifty Chnage
6714 + 144 2103 +43
10370 +88 3074 +7
12938 -541 3754 -148
17579 -246 5223 -62
14043 -870 4165 -259
16430 + 175 4922 + 63
17823 + 122 5333 +30
17466 -210 5317 -63
18862 -291 5693 -103
25373 -72 7568 -17
29361 + 141 8901 +57
23002 -152 6987 -42.70
28141 + 485 8716 + 155
II Budget Issue II
IRB Infra
CMP (3-2-2017)
Face Value
BSE Code
52 Wk. High
52 Wk. Low
L. G. Balakrishnan
CMP (3-2-2017)
Face Value
BSE Code
52 Wk. High
52 Wk. Low
L&T
CMP (3-2-2017)
Face Value
BSE Code
52 Wk. High
52 Wk. Low
NBCC (India)
CMP (3-2-2017)
Face Value
BSE Code
52 Wk. High
52 Wk. Low
Dhanuka Agritech
CMP (3-2-2017)
Face Value
BSE Code
52 Wk. High
52 Wk. Low
tor as a whole. NBCC has already
announced bonus share in the
rario of 1:2 and record date for the
same is 21st February. So, the
stock will rally on this develop-
ment. Buy. Buy more at decline.
Dhanuka Agritech :- Fi-
nance Minister Mr. Jaitley has
alloted huge amount for agricul-
ture and related sectors for the
second time in this year’s
budget.Last year also, he had fo-
cused much on agriculture. So, it
will benefit agr-based companies
like Dhanuka Agritech. Dhanuka
has finalised the buyback price
of Rs 850 with final amount of Rs
80 crore and it has started from
last week i.e. 12th January. The
maximum number of shares to be
bought back would be 941176
fully paid-up equity
shares.Dhanuka Agritech manu-
factures and markets a variety of
plant protection agro chemical
products that include insecti-
cides, herbicides, fungicides,
etc.The Company’s promoters
hold 74.99% stake; while public
shareholding amounts to 25.01%
as on September 2016.Dhanuka
will outperform the industry
thanks to a wider product portfo-
lio, and stronger dealer and
farmer engagement initiatives.
Accumulate the stock as the stock
is 10 per cent below its buy back
offer price.Buy. Buy more at any
decline.
(SEBI Registered Research Analyst)
* Disclosure :- The author has not brought / sold
any stock advised in this news paper during last one
month • All stocks rates / indices on 3rd February 2017
unless specified o Stoploos is useful for Short - Me-
dium 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
SMART
INVESTMENT
Scrip Watch
-Dilip K. Shah
Britannia Industries (Rs. 3229.00) (Code : 500825) (F. V. :
2.00) :- Biscuit maker Britannia Industries Ltd’s research and development
(R&D) team is looking at creating new categories in the premium segment
while reinvigorating its mainstay Tiger brand of biscuits in the value segment.The
Bengaluru-based company, apart from exploring expansion in categories
such as salty snacks and value-added dairy, is looking at entering the break-
233.00 fast segment in its drive to evolve into a total foods company.Britannia set up
10.00
532947
a 55,000-sq. ft R&D facility at Bidadi, on the outskirts of Bengaluru, at an
investment of Rs200 crore in November. The facility is expected to boost
innovation and become more cost-efficient at a time when the company faces
266.25 tough competition from others.The promoters holding in the company stood
177.50 at 50.73 % while Institutions and Non-Institutions held 28.22 % and 21.05 %
respectively. Buy this fundamentally strong company.
Cadila HC (Rs. 364.00) (Code : 532321) (F. V. : 1.00) :-
Cadila Healthcare Ltd’s consolidated net profit declined 34.6% to Rs281.6
589.00 crore in the quarter ended December from Rs430.5 crore a year ago be-
10.00 cause of lower sales, particularly in the US market. The Ahmedabad-based
500250 pharmaceutical company’s gross sales were Rs2,302.3 crore for the quar-
ter-down 0.7% from Rs2,318.0 crore in the corresponding period a year ago.
728.00
US sales fell 17.2% year-on-year to Rs886.9 crore because of pricing pres-
396.00 sure and regulatory issues at its Moraiya plant in Gujarat.The stock is funda-
mentally strong. So, it is better to accumulate at this level as the stock will be
under pressure for some days. Then it will spurt again. Its subsidiary Zydus
Healthcare Ltd has bought six brands from MSD Pharmaceuticals India Pvt.
1479.00 Ltd, the local arm of US-based Merck & Co. Inc., for distribution in the Indian
2.00 market. The value of acquisition was not disclosed.The brands—Deca-
500510 Durabolin, Durabolin, Sustanon, Multiload, Sicastat and Axeten—belong to
therapeutic areas of men’s health, women’s health, wound management and
1615.00
cardiovascular diseases and had combined sales of Rs84 crore in 2015.
1016.00 Accumulate in phased manner.
Mahindra Holidays (Rs. 455.00) (Code : 533088) (F. V. :
10.00) :- Leisure hospitality company Mahindra Holidays and Resorts India
275.00 (MHRIL) has reported 14.6 per cent growth in profit after tax (PAT) at Rs
2.00 35.54 crore in the third quarter ended December 31, compared to the same
534309 period last year.The company's PAT stood at Rs 31.01 crore in the corre-
sponding quarter of 2015-16. MHRIL's total income grew by 13 per cent to Rs
299.00 274.80 crore during the quarter under review against Rs 243.15 crore in the
162.00 third quarter of FY16.Growth in member additions by 14.4 per cent along with
higher occupancies at 85 per cent has led to revenue growth year on year.
Despite the challenging conditions in the consumer discretionary spends
caused by demonetisation, our team has performed well. The stock has been
753.00
in strong upmove. Accumulate.
2.00 Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Re-
507717 search Analysts) Regulation, 2014; • I and / or my clients may have invest-
796.00 ment 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
497.00 • Stop loss is useful for Short / Medium Term investor Only • Smart Invest-
ment 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 Super Duper
-Dilip K. Shah
Ashoka Buildcon (Rs.191.00) (Code:533271):- It is active in
BoT segment. It has a good network of toll roads and it is performing well for
the company. As against equity of Rs93.57 crore, the company has re-
serves of Rs1775.18 crore. The promoters hold 56.69% and public hold
43.31% stake in the company. The stock crumbled down below 200 and
now it is trading near 165 due to allegations against the company. But it has
bounced back to 188 on basis strong fundamentals. In December quarter,
the company's income increased from Rs443.45 crore to Rs524 crore,
while profit increased from Rs22.72 crore to Rs42.70 crore with EPS of
Rs2.28. The infrastructure segment is getting push from the government,
so the stock may be considered for investment in phased manner.
Shakti Pump (Rs.163.00) (Code:531431):- The company was
incepted in 1982. It exports its products in more than 100 countries. The
company has roped in Amitabh Bachchan for promotion of the brand. It
manufactures submersible pumps, submersible motors, pressure pump,
self priming pump, open well pump, solar pump and suction pump. As against
equity of Rs16.74 crore the company has reserves of Rs170.17 crore. In
the first six months, the company recorded net profit of Rs5.01 crore on
income of Rs146.30 crore with EPS of Rs2.78. The government's push on
the agriculture segment will help the company to perform better and improve
the financial performances. The company's market cap is Rs297.
Deep Industries (Rs. 326.00) (Code:532760) :- The promot-
ers hold 70.08% and public hold 29.92% stake in the company. The com-
pany provides services to oil and gas sector. It owns onshore coal bed
methane block in Indonesia and some blocks in India. In September quarter,
the company's income increased from Rs34.24 crore to Rs67.50 crore,
while profit increased from Rs8.01 crore to Rs16.77 crore. The fundamen-
tals are strong compared to peers. As against equity of Rs29.20 crore the
company has reserves of Rs233.77 crore. The crude prices are improving
slowly which may benefit the company. The stock may cross Rs400 level.
It will declare December quarter results on February 6.
V-Guard (Rs.208.00) (Code:532953) :- It is a leading electronics
products manufacturing company from South India. It manufactures UPS,
invertors, cables, switch gears and other products. It accounts for 51%
market share in stabilizer market. It also manufactures solar water heater.
It is increasing its advertisement expenses. In December quarter, the
company's income increased from Rs416.28 crore to Rs459.58 crore, while
profit increased from Rs21.48 crore to Rs27.96 crore with EPS of 0.93. The
stock seems attractive at current market price. The company has also
announced bonus share in ratio of 2:5.
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
II Budget Issue II 5th February to 11th February 2017 5
6 5th February to 11th February 2017 SMART
INVESTMENT
II Budget
Budget : Big Push for rural development
MR. RAJESH GANDHI Primary Market The Government sets PSU disinvestment targets at 72
Govt aims to raise Rs46500 crore through offloading
divestment and Rs11000 crore throug
CMD : VADILAL Ind. LTD.
Dilip K. Shah
The big push for rural development as a whole
and the reduction in the income tax rate for the ma- On back of good budget, the BSE IPO gets listed with premiums of 35%: w
jority of tax payers are expected to considerably pre-budget rally continues as the
increase the spending power of a vast majority of consumers in urban and Sensex touches four month high. RMF's CPSE-ETF FFO gave 7 /
rural areas. So, the consumer focused segments will be amongst the major On the second hand, robust re-
beneficiaries. Setting-up of a Dairy Processing and Infrastructure Develop-
ment Fund in NABARD with corpus of Rs 8000 crore will support the dairy
sponse to BSE Ltd's IPO and This week Steel City Sec' NSE SME IPO with offer p
industry and the benefit is likely to percolate to farmers. 100% Electrification
Reliance Mutual Fund's FFO has
in villages by May 2018 will increase market reach for Ice cream Industry. created high hopes in the mar- Super Fine Knitters IPO get listed on BSE S
Companies having turnover less than 50 Crore, tax rate reduced from 30% ket. Therefore, more than a dozen Rs25,000 application, 3966 units
to 25% will motivate small scale industries. companies with Sebi approval for Rs1 lakh application and 7932 Madhav Copper NSE-SME
may join the band wagon any- units for Rs2 lakh application.
Government kick starts
Growth Potential Economic Budget
Keeping higher emphasis on agriculture, rural economy,
time.
This week NSE SME Steel
Listing :- The issue got listed
on January 31. As against price Budgetary annou
giving affordable housing status of infrastructure, all round City Securities' IPO is entering of Rs25.21 for retailers, the unit
infrastructure development, keeping fiscal deficit within 3.2% into the market, while NCDs is- got listed at Rs26.99 and then Rajasthan-based NBFC compa
of GDP, reduction in Income Tax rate at lower slabs and sue - SREI Infra's subscription is went up to Rs17.17 and down to
imposing surcharge on income between 50Lakh to 100lakhs, still open. Rs26.25 before closing at SREI Infras NCDs issue op
widening of tax net, promoting of digital payments/economy
are some of the key points of Budget 2017-18. Tax rate of
company having turnover of less than 50crores will be re- NSE SME IPO
duced from 30% to 25%. This will benefit MSME sector and Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark
generate more jobs and income and Atul B. Nagroi Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size %
stimulate ultimate demand. Market has
welcome the Budget by rising 485 points.
B.Com, LLB, FCA, CAIIB, DISA, 1. Steel City 6-2-2017 4908000 Eq. 55 2000 Eq. Shares 36 % : Apply
Shah & Nagori
Capital Gain tax has not been tink-
Chartered Accountants Securities 9-2-2017 (Rs. 26.99 Cr.) (Rs. 1,10,000) (Long term)
ered. However, certain changes in capi-
• Shri A.B. Nagori is experienced bank-
tal Gains of unlisted securities may have ing professional & renowned Char-
some adverse effect. Removal of FIPB tered Accountant.
is good step for increasing foreign in- • He has in depth knowledge of indus-
Non Convertible Debenture (NCD) Issues at a Glance
vestment. War on black money/steps in try trend and capital market. Sr Company Issue Open Bond size F.Value Min. Listing Rating Recomm.
that direction is in right direction. Empha- • He has specialized in Mid Cap and Issue Close (Rs. Cr.) (Rs.) App.
sis on skill development, youth educa- Small Cap field through his research
30-1-2017 (Base Issue 1,000/- 10 NCDs BSE AA+ Subscribe
work.
tion, establishing of new institute etc. are 1. SREI 23-2-2017 Rs. 200 Cr) (Rs.10,000) NSE BY
steps in right direction. The sectors to benefit from Budget are Real Estate, for
Infra with an option to retain Lead manager : ICICI Sec. BWR
Cements and Steel, Infrastructure, Agro based/food processing, Non Bank- Medium
oversubscription upto A. K. Capital, Edelweiss,
ing Finance Sector, Banking Sector etc. Power sector may get benefit from
Rs. 506 Cr. IIFL Holding, Karvy Inv., to Long
Budget. All these steps may lead to Re-Rating of Indian Equity Market.
Aggregating up to SREY Capital, Trust Invest.
Equity as an asset class will get predominance. Budget has all stimulus to
Rs. 706 Cr. Yes Securities (India)
Term
lead to growth of Economy.
* Last week's listing:- Rs26.93. It was being traded at :- The issue with fixed price of
• CPSE ETF FFO :- Reliance Rs27.88 on Friday. Rs12 got listed with nominal pre-
Budget Impact on Sensex Stocks Mutual Fund - CPSE ETF - FFO's
issue has got robust response
The investors with application mium at Rs12.60 on February 2
and closed at Rs12.60. On Feb-
Co. Name CMP Target P/E M.Cap. Div. Inst. Pro. SL of Rs25,000, Rs1 lakh and Rs2
(12 M) (Rs. Cr.) Yield Hol. Hol. (Rs.) from the market. However, retail lakh have got Rs1728, Rs7059 ruary 3 it got closed at Rs13.23.
investors have been preferred and Rs14118.60 as return in just • Madhav Copper :- Steel City
(%) (%) (%)
over FII, Mutual Funds and QIB. 10 days. It means that investors Securities' NSE SME IPO will
Adani Ports 303 -- 18.1 62947 0.04 33.8 60.9 --
Allotment :- The company have got 7-9% return in 10 days. open on February 6 and close on
Asian Paints 985 1145 48.8 94994 0.8 25.7 52.8 850
has allotted 971 units for • BSE Mainline IPO Listing :- February 9. The company aims
Axis Bank 489 520 24.7 113814 1.1 57.8 28.9 452
The issue with offer price of to raise Rs26.99 crore through
Bajaj Auto 2809 3300 20.7 82663 1.8 26.0 49.3 2680 offering 49.08 lakh shares at
Bharti Airtel 353 375 29.2 137930 0.4 26.4 67.1 299
Listing Information of Rs806 got listed on February 3
at price of Rs1085 and touched price of Rs55. Keynote is lead
CIPLA 608 620 40.3 46115 0.3 34.9 36.7 544 Super Fine Knitters Rs1200 but came down to manager. More details were pub-
Coal (I) 326 360 17.0 197734 8.8 17.8 79.8 282 BSE SME 540269 Rs1065.10 before closing at lished last week.
Dr. Reddy 3141 3180 44.4 49671 0.7 53.3 32.1 2750 1069.20. * NCDs issues :- SREI Infra's
Listing Date 2-2-2016
Gail 477 540 16.6 61490 1.1 40.2 56.1 410 The share got listed with 35% Rs706 crore NCDs issue opened
HDFC 1395 1570 20.2 224284 1.2 88.6 0.0 1255 Offer Price Rs. 12.00 on January 30. In the issue with
premium but spurted 49% to
HDFC Bank 1311 1500 24.0 334165 0.7 44.3 21.3 1200 Listing Price Rs. 12.60 touch Rs1200. base limit of Rs200 crore, the
Hero Moto 3215 3640 18.8 65583 2.2 56.2 34.6 3050 Listing Day High Rs. 12.60 * SME IPOs:- company has got retaining limit
HUL 848 970 42.0 184799 1.9 18.9 67.2 780 Listing Day Low Rs. 12.60 • Super Fine Knitters listing of Rs506 crore. The issue has
ICICI Bank 280 310 16.1 163519 1.8 65.5 -- 252.8 subscribed 1.33 times of base
Listing Day Close Rs. 12.60
ITC 272 310 32.6 327041 3.2 55.6 0.0 240
CMP (3-2-16) Rs. 13.23
CPSE ETF FFO Listing / price. The subscription may close
Infosys 934 1040 14.7 210526 2.6 57.6 12.8 832 before February 23. More details
L&T 1479 1670 25.4 139042 1.2 55.6 0.00 1350
Allotment & Return were published last week.
Subscription Figures of Listing Date : 31-1-2017 * PSU Disinvestment :- The
LUPIN 1490 1600 23.1 66468 0.5 41.5 46.7 1370
M&M 1263 1432 29.1 80548 0.9 54.7 25.3 1167 SREI Infra NCDs Issue Price Fixed : Rs. 25.21 government has set PSU disin-
Category No. Shares Issue vestment target of Rs72500 crore
Maruti 6118 6950 27.6 186469 0.6 36.9 56.2 5700 Listing Price : Rs. 26.99
for the financial year 2017-18.
NTPC 171 195 14.0 140626 2.0 28.1 69.7 159 Offered/ Subscribe Listing Day High : Rs. 27.17 Last year, the government could
ONGC 200 222 17.2 256986 4.2 17.5 68.9 178 Reserved 3-2-2017 Listing Day low : Rs. 26.25 raise Rs45500 crore, while new
Power Grid 201 238 15.6 107666 1.1 35.0 57.9 182 Category I 200000 2.57 target is higher by 60%.
Listing Day Close : Rs. 26.93
Reliance Ind. 1033 1145 11.6 340346 1.0 33.5 45.1 974 Category II 400000 0.74 In the divestment plan, the
Source : ICICI Securities CMP : (3-2-2017) : Rs. 27.88
Category III 1400000 1.32 government aims to raise
Total 2000000 1.33 ApplicationAllotment Return Rs46,500 crore through minority
Budget Bonanza : 12 Best Buy stocks (Rupees) UNits (Rs.) stake sales, Rs15000 crore
through strategic divestment and
Co. Name Price M.Cap Div. P/E Net Ch. Net Ch. Forth Coming IPOs 25000 971 1728.00
(Rs.) (Rs. Cr.) Yield Ratio Sales YoY Profit YoY
Co. Issue Size 1 Lac. 3966 7059.00 Basis of Allotment of
(%) (X) (Rs. Cr.) (%) (Rs.Cr.) (%)
ITC 273.7 331892 2.1 33.5 38293 7.1 9910 6.6 (Rs. Cr.) 2 Lac. 7932 14118.00 Super Fine Knitters
Asian Paints 989 94874 0.8 48.1 14821 6.2 1971 15.4 NSE 10,000 No. of Shares Applied 10000
BEML# 1217 5068 0.3 149.2 2552 -17.3 34 -47.5 Avenue Super Marts 1870
Listing Information of No of Application 4420
Havells (I) 421.8 26353 1.4 32.5 5853 11.9 811 73.2 Ester DM Healthcare 1600 BSE IPO Total Eq. Shares
Kajaria Cera. 583.1 9268 0.4 36.9 2481 6.2 251 17.0 HUDCO 1500 Applied 44200000
Hero Moto# 3226 64421 2.2 18.3 29511 9.3 3518 35.7
NSE Symbol BSE
Coninental Warehousing 1000 Listing Date 3-2-2016 Proportionate
HUL 844 182860 1.9 41.4 30783 1.0 4421 9.4
L&T 1473 137454 1.2 25.1 105473 9.7 5470 37.9 AV Finance 1800 Offer Price 806.00 Shares Available 1750000
M & M# 1264 78540 0.9 22.2 42842 14.4 3531 8.4 Genesis Colours 650 Allocation per Appl. 395.93
Listing Price 1085.00
Repco Home# 735 4604 0.3 27.7 939 24.3 166 23.1 S. Chand & Co. 600 Ratio 35:884
Rallis India 243.5 4735 1.1 15.9 1653 11.4 298 122.7 Hinduja Leyland 530
Listing Day High 1200.00 Total no of Equity
Ultratech C. 3726 102296 0.2 37.7 25024 1.4 2712 17.0 GVR Infra 400 Listing Day Low 1065.10 Shares Allotted 1750000
Net Sales & Profit are for traling 12 Months ended Dec’ 2016 Listing Day Close 1069.20
# Period ended Sep’ 2016
CL Educate 275 Surplus (Deficit) 0
et Issue II SMART
INVESTMENT
5th February to 11th February 2017
7
at 72500 crore: It raised Rs 45500 crore in current year
ding minority stake, Rs15000 crore through strategic
Budget 2017
rough listing of insurance companies Striking a balance between social spending & capex
: witnessed historic spurt of 49% after listing The Budget brings a long-term
focus to growth which is spelt out in
Anand Radhakrishnan, Chief Investment
Officer-Equity, Franklin Templeton AMC India
its three-pronged agenda of Trans-
7 / 9% return in just 10 days form-Energise-Clean. This is further primarily to support growth accelera- sticking to the
accentuated by an increased outlay tion, this one endeavours to strike a stated fiscal tra-
er price of Rs55 to enter into the market on Feb. 6 for infrastructure, which has the
highest multiplier effect on the
balance between social spending
and capital expenditure growth.
jectory. Compared
to revenue expen-
economy, a strong emphasis on en- However, one important thing to note, diture, the Budget
SE SME with nominal premiums on Friday hancing the digital focus in the coun- is that the Budget has steered clear
places higher emphasis on more pro-
try, support to small and medium of adopting populist measures. The
ductive capital expenditure (infra-
SME IPO allotment declared: Listing on February 6 enterprises, social measures and equity market has reacted positively
structure) as evident from a near
reforms to curb black money as enu- to the Budget. Against the market
arts process of selling 26% stake sales in BSML merated in the Budget proposal. This concern of an increase in long-term
13% rise in the capital outlay (ex-
cluding defence) in 2017-18 over
Budget comes in the milieu of a capital gains for equity from the
nouncement of listing of IRCTC and Ircon growth shock delivered by present one year to three years, the
2016-17. The fiscal deficit target for
2017-18 is pegged at 3.2% and 3%
demonetisation, rising global crude finance minister kept it unchanged,
ompany AU Financiers approaches Sebi for Rs1000 crore IPO oil prices and modest room available which led to an immediate relief rally
for next three years can be con-
strued as a positive for the economy
for further monetary easing. Unlike in the equity markets. We view the
e opened on January 30 and got 1.33 times subscription the previous Budgets by the NDA Budget as being disciplined in that it
as it implies lower market borrow-
ings, and in turn, softer interest rates.
government wherein the focus was focuses on long-term growth while
BSE IPO Basis of Allotment of
Basis of Allotment Madhav Copper (NSE SME)
Expected more measures to boost consumption
CategoryShares Ratio CategoryShares Ratio No. of Shares Applied 1600
Allotted Allotted No of Application 2433 To a large extent this is a no Sridhar Sivaram, Investment Director
18 18 216:815 144 18 97 : 366 bad news Budget, so it is great for Enam Holding
Total Eq. Shares the market, it is strictly from a mar-
36 18 97 : 366 162 18 97 : 366 Applied 3892800 vestment cycle will automatically on an aggregate
ket stand point. But if you look at
54 18 97 : 366 180 18 97 : 366 on a holistic basis there were some follow, so I would have expected basis. So, we will
Proportionate
72 18 97 : 366 198 18 97 : 366 positives and maybe there were more in terms of – give more money still find specific
Shares Available 371200 in the hands off people. What we
90 18 97 : 366 216 18 97 : 366 some missed opportunities. So, I stocks which do
108 18 97 : 366 234 18 97 : 366 Allocation per Appl. 152.57 would say it is like a missed Bud- got was really a very small token well, but on an aggregate it is still
126 18 97 : 366 Ratio 232: 2433 get bordering more towards a posi- sort of a - - so I would have ex- looking very lack lustre. Keep in mind
Total no of Equity tive than the negative because one pected more there. The fiscal defi- that pre demonetisation itself some
Rs11000 crore through listing of there was no big negative. I would cit itself 3.2 I think in a fairly difficult of the FMCG numbers weren’t that
Shares Allotted 371200 economic circumstances both glo-
general insurance companies. have expected more in terms of great. Consumption was poor, so I
The government has started pro-
Surplus (Deficit) 0 boost to consumption because if bally and for us that is a fairly good will actually wait till the second half.
cess for selling 26% stake in Listing Date 6 Feb. 2017 you see the problem for the number. I would make but from here My gut feel is that we don’t get to
economy is the fact that our con- on we will again go back to earn- see the consensus numbers which
BEML. The government will get NBFC company AU Financiers sumption is very weak and invest- ings because finally that is what is very lofty right now closer to 18-
the company listed through OFS has submitted documents for takes the stock markets up. I think
ment cycle is not taking off. In my 20 percent for FY18. They still look
in the next month. Rs900 crore to Rs1000 crore IPO. view if consumption takes off in- those are still looking lack lustred very lofty.
* Listing of Two Railway Sec- The promoters will sell
tor companies :- The finance 5,34,22,169 shares. The lead
minister Arun Jaitley made an an-
nouncement of listing of IRCTC
managers are ICICI Sec, HDF UNION BUDGET : Good, even if not inspiring
Bank, Motilal Oswal and City
and Ircon in the budget sppech. Group. The issue will get listed Venkat.Raman@hdfcsec.com
* Insight into the new main- Mr Jaitley has yet again delivered an elaborate and meticulous Budget, mostly within stated policies. It
on BSE-NSE.
line issues :- Jaipur-based laboured more than it inspired. India still awaits a transformative and inspiring follow-through after demonetisation.
The Union Budget FY18 is sufficiently powered (to accelerate the creation of both hard and soft public
infrastructure), pragmatically constructed (by the mandarins of North Block, who have adopted a revenue
& capital expenditure format) and rightfully leans towards ‘Bharat’ rather than ‘India’ (with higher spends on
Budget impact on Midcap stocks agriculture, rural & social welfare, small housing, SME and vulnerable segment relief). This stance will pull
up median incomes (and mass confidence) quicker than the arithmetical mean, which is quite apt for India's
Co. Name C M P Target P/E M.Cap. Div. Inst. Pro. skewed demographics.
(12 M) (Rs. Cr.) Y ield Hol. Hol. To rewind a bit, we had hoped to see the following six pillars (or themes) in this year's Budget :- 1. The push to
(%) (%) (%) make the economy more ORGANISED 2. SUBSIDY REFORMS, especially the adoption of technology/Aadhar 3.
INFRASTRUCTURE creation and urbanisation 4. SOFT INFRASTRUCTURE creation 5. A SIMPLE, FIRM and
Ashiana Hsg. 173 183 14.0 1769 0.3 14.6 61.00 pragmatic government 6. Rapid adoption of TECHNOLOGY to improve speed and effectiveness of governance To
BEML 1256 971 152 5175 0.3 28.3 54.0 be fair, Mr Jaitley has scored moderately well across this list. But nowhere has he hit the boundaries that could
Can Fin Homes 1998 1926 23.8 5048 0.5 0.7 44.1 have brought the audience to its feet in applause. Not one brave new measure cashed in on the mass-support
Cox & Kings 194 255 -- 3428 0.5 31.6 51.3 for the politically risky move of demonetisation. Beedi barons, rich farmers and smaller parts of the informal (cash)
economy will breathe a bit easier for now. There is still some time left for them to enjoy their direct and indirect rents.
Deepak Fert. 264 215 20.6 2289 1.9 17.2 51.1 On the brighter side, the Fiscal discipline is praiseworthy and subtly nudges the RBI to consider a rate cut in the
Engineers India 150 155 33.5 10263 2.6 25.5 58.9 upcoming policy. The decision to abolish the FIPB and the conscious decision not to increase the number of Central
Escorts 379 392 40.3 4641 0.3 17.1 43.0 Schemes are confirmations of this Government's rational intent. SMEs will benefit from the (small) income tax
Finolex Ind. 446 522 22.5 6103 2.0 12.3 52.5 relief and so will individuals in the first taxable bracket of Rs 250-500k. Marketmen reacted with glee to the
absence of LTCG and the reliefs for FPIs. Corporates mostly got indirect benefits only. This Budget has come in
Heritage Food 1063 1017 34.3 2409 0.3 12.7 39.9 the wake of the demonetisation-induced shock to economic activity. It rightly seeks to provide fiscal and policy
IOB 28 10 -- 6407 4.6 13.7 79.6 stimulus to small-ticket economic activity. While the intent to widen the tax net is commendable, the results may not
JK Lakshmi Cem. 392 434 35.8 4502 0.1 33.3 45.9 be easily forthcoming as soon as aspired. We see moderate risk to direct tax collections, and hence, to fiscal
discipline (or capital expenditure) as the year progresses. Global factors, as always, will throw in uncertainty.
Jubilant Food 918 1009 57.2 5824 0.3 41.8 45.0
Jyothy Labs. 350 -- 47.3 6389 1.4 24.2 66.9
KEC Intl.
Kolte Patil
151
107
174
144
18.6 3962 0.6
11.6 799 1.4
32.2 50.9
10.2 74.5
Budget to Budget : Gujju Rocks
Mahanagar Gas 873 777 28.6 8726 -- 28.9 65.0 Country 29-2-16 1-2-17 Ch. Country 29-2-16 1-2-17 Ch. Country 29-2-16 1-2-17 Ch.
Index Index (%) Index Index (%) Index Index (%)
Motilal Oswal 585 -- 29.6 8228 0.6 14.0 71.3 Symphony 1985 1317 -33 Sadbhav Engg.209 278 33 Apar Ind. 421 630 49
Nat. Fert. 61 -- 13.3 2686 2.2 6.2 89.7 Astral Poly 340 413 21 Hitachi Hom1015 1493 41 Jindal World 151 202 33
Orient Cement 139 157 -- 2849 0.7 37.7 37.5 Cera San. 1698 2193 29 Guj. Hotels 185 126 -32 Real Strips 11 9 -12
Petronet LNG 387 388 23.2 29074 0.6 38.0 50.0 Akshar Chem.140 692 394 Ganesh Hsg. 98 82 -16 Asian Granito129 272 111
Voltamp Tran.675 975 44 Aarvi Denim 50 87 74 Diamond Po. 24 45 87
PFIZER 1777 2130 26.1 8192 0.8 13.3 63.9
Gopala Poly 17 54 219 Guj. Pipavav 148 141 -5 GHCL 99 275 177
PNC INfra 105 133 10.6 2721 0.5 24.5 56.1 Guj. Nat. 56 38 -31 lIncoln PH. 146 197 35 Kalptaru 164 283 72
Prestige Estate 167 211 27.9 6525 0.7 29.0 70.00 Raibow Pap. 32 5 -82 Panchmahal St.15 40 166 Saur. Cem. 40 60 50
Sadbhav Engg. 281 334 35.5 4802 0.3 43.0 46.8 Vimal Oil 42 39 -7 Jyoti Ltd. 47 39 -17 Sterling Bio 4 3 -1
Sterlite Techno 131 -- -- 5177 0.8 17.2 54.5 FAG Bear. 3807 3970 4 GMM Pfa. 224 537 139 Electro Therm 46 214 366
Bodal Chem. 51 133 160 Guj. Ambuja 36 94 161 Welspun In. 47 84 79
Suprajit Engg. 195 214 28.1 2491 0.6 16.1 47.4 Vadilal Ind. 410 583 42 Panama Petro 57 110 93 Gokul Refoils 13 23 80
Timken India 608 650 42.2 4460 0.2 10.7 75.0 Ratnamani 428 665 55 Patel Airtemp122 182 49 Guj. NRE Coke 3 2.86 4
Ujjivan Fin. 426 -- 19.3 4678 0.1 66.1 0 Asahi Song. 113 259 129 Guj. Apollo 117 140 19 Suraj Ltd. 50 46 -0.50
VST Ind. 2527 2713 22.3 3818 2.8 24.0 32.2 Riddhi Siddhi312 412 32 Guj. Siddhi 22 26 19 Deep Ind. 128 314 145
Guj. Flouro 452 498 8 Jindal Hotl 30 40 35 Kiri Ind. 75 304 305
VST Tillers 1917 -- 22.1 1648 0.8 17.8 54.0
Banco Pro. 94 208 121 TGB 69 61 -11 Garden Silk 21 32 53
8 5th February to 11th February 2017
II Budget Issue II SMART
INVESTMENT
2016-17 2017-18 Benefit /
Budget 2017 - 18 Historical budget with every aspect….!!
Impact due to the Budget
Earlier Tax New Tax Loss
Personal Income Tax

2.5 Lacs -- -- -- NIKHIL BHATT (+919979380808) Leading Stock Market Analyst : NIKHIL BHATT (+919979380808)
3.5 Lacs 5,150 2,575 2,575 WWW.INVESTMENTPOINT.IN NIKHIL BHATT, a Professional Technical Stock
Market Analyst based at Gujarat widely considered
5 Lacs 20,600 12,875 7,725 one of the Top 5 Stock Market Experts in India. An
7.5 Lacs 77,250 64,375 12,875 MBA, LL.B., M.Com. and Commerce Graduate from
10 Lacs 1,28,750 1,15,875 12,875 Dear Trader….Last week, 01, Saurashtra University, Rajkot Mr. Bhatt has rich expe-
February 2017, the Indian stock rience of 15 years in the field of Stock Exchange, Capi-
25 Lacs 5,92,250 5,79,375 12,875 market in the government had re- tal Markets and different other financial products. He
50 Lacs 13,64,750 13,51,875 12,875 leased their central budget. After in- has superb past track record of successful and accurate predictions
dependence, the budget has to be of the Indian Stock Market.
60 Lacs 16,73,750 18,26,963 -1,53,213
presented on 28 and 29 February multiply in the coming days.Growth 303; below Rs 264 it can fall up to
75 Lacs 21,37,250 23,36,813 -1,99,563 has presented the Railway Budget be the budget, but will slow its pace. RS 257 - 250 levels. If it crosses
90 Lacs 26,00,750 28,46,663 -2,45,913 and the General Budget for the first The Finance Minister has covered Rs 303 level than expect nonstop
time after 92 years together. The every aspect of the economy. Es- rally up to Rs 318...!!
100 Lacs 29,09,750 31,86,563 -2,76,813 budget has tried to cover the finance pecially given the status of afford- 2. ORIENT CEMENT (140) : It
125 Lacs 42,34,588 42,19,781 14,807 minister of the economy in every able housing, infrastructure, and will is suggested to buy @ Rs 127 with
200 Lacs 68,99,713 68,84,906 14,807 aspect, which is that of the poor, promote the realty sector, The pe- SL of Rs 119 for the target of Rs
the rural and agriculture-oriented riod for which the capital gains tax 153 - 160; below Rs 119 it can fall
focus is also increased, the digital for property holding declarations are
World Market Movement velocity of approach to give more
flexibility to the small class, there-
also included to three years rather
up to RS 108 - 103 levels. If it
crosses Rs 163 level than expect
than two years. Has taken several nonstop rally up to Rs 177...!!
Country 29-2-16 1-2-17 Ch. Country 29-2-16 1-2-17 Ch.
fore, welcomed the budget with en- steps to boost the digital economy, 3. IRB INFRA (237) : It is sug-
Index Index (%) Index Index (%)
thusiasm in the stock market. whose impact can be seen now and gested to buy @ Rs 226 with SL of
Sensex 23002 28141 22.3 France 4314 4748 10.06
This is a historic budget, my- then. The bank has offered tax re- Rs 219 for the target of Rs 255 -
Nifty 6987 8716 24.7 Germany 9513 11535 21.25
thology covered 10 aspects of the lief to the many participants of the 260; below Rs 219 it can fall up to
US Dow 16640 19864 19.4 Italy 17483 18590 6.33
economy, the finance minister was sector. The digital revolution will now RS 209 - 196 levels. If it crosses
Nasdaq 4590 5614 22.30 Netherlands 423 476 12.5
referring to the ten directions. There start the true sense of the Budget, Rs 260 level than expect nonstop
S&P 500 1948 2278 16.94 Russia 757 1164 53.76
is wove in many aspects, such as the government gave a signal also rally up to Rs 288...!!
Australia 4880 5676 16.29 Swizerland 7877 8291 5.25
the poor, youth, women, senior citi- noted that the budget does not put 4. GIC HOSING FIN (301) : It is
China 19364 23182 19.71 Turkey 74929 86295 15.16
zen, corporate, infrastructure, farm- the burden of a new Finance Minis- suggested to buy @ Rs 286 with SL
Indonesia 4733 5294 11.85 Britain 6096 7099 16.45
ers. The applause was due to the ter. Who said that the railway will of Rs 280 for the target of Rs 323 -
Japan 16188 19041 17.62 Argentina 12929 19062 47.43
budget market. Presented by Fi- bring to the government sector, 330; below Rs 280 it can fall up to
Malaysia 1663 1671 0.48 Brazil 41593 64670 55.48
nance Minister Arun Jaitley was three companies listed on the stock RS 273 - 264 levels. If it crosses
Pakistan 31294 48757 55.80 Canada 12797 15385 20.22
welcomed Patel entered as agricul- market, ex. to raise funds through Rs 330 level than expect nonstop
Singapore 2649 3046 15 Maxico 43473 47001 8.11
tural market infrastructure and eco- the capital market for railway com- rally up to Rs 353....!!
South Korea 1920 2067 7.65 Egypt 6079 12672 108.45
nomic development balanced bud- panies . Finance Minister appears 5. CORAL INDIA HOUSING
Thailand 1343 1577 17.42 S. Africa 49429 52788 6.79
get developmental fantastic budget. to have no waist to boost rural eco- FIN (165) : It is suggested to buy @
From the earliest times of budget nomic, agriculture, housing. Rs 157 with SL of Rs 149 for the
funds, investors increased alert- "NABARD 'through to the farmers
Market Tips -Dilip K. Shah ness narrow range shown after tax in the aid in the budget and also a
target of Rs 177 - 180; below Rs
149 it can fall up to RS 136 - 130
net more people to take action, pro- number of steps and the money al- levels. If it crosses Rs 133 level than
Escorts (Rs. 379.00) (Code : 500495) (F. V. : 10.00) :- Es- vision with long-term capital gains located for road development has expect nonstop rally up to Rs
corts Ltd’s total tractor sales were up 16.3% at 3,652 units in January. Inspite tax period concerned and Securi- also increased. This will work to in- 151....!!
of good sales posted by the company, the stock slipped by 1.53% in ties transaction tax (STT) When crease public spending and this
Thursday’s trading session.Domestic tractor sales stand at 3,507 units vs 6. EMAMI INFRA (61) : It is sug-
there is no change regarding the approach will create jobs. gested to buy @ Rs 57 with SL of
3,089 units a year ago; and tractor exports stand at 145 units vs 51 units a
character of the cost of revenues However, it remains to be seen Rs 51 for the target of Rs 67 - 73;
year ago.For the months, April-Jan tractor sales stand at 52,460 units vs
while commendable efforts to accel- how much demand creation. No below Rs 51 it can fall up to RS 44 -
42,772 units; domestic tractor sales at 51,581 units vs 42,181 units; and
erate economic growth which is the major measures for private invest- 40 levels. If it crosses Rs 73 level
tractor exports 879 units vs 591 units. Escorts is an Indian engineering com-
pany operates in the sectors of agri-machinery, construction and material provision of funds, stocks all round ment, but a lot of generosity for the than expect nonstop rally up to Rs
handling equipment, railway equipment and auto components.The promoters investors was put increasingly proposed increases in foreign direct 80....!!
holding in the company stood at 42.99 % while Institutions and Non-Institu- troublesome. investment (FDI) has continued to 7. DLF LTD (141) : It is sug-
tions held 17.1 % and 39.91 % respectively.The BSE group 'A' stock of face Mattel's budget in anticipation of show and now to make the route gested to buy @ Rs 136 with SL of
value Rs 10 has touched a 52 week high of Rs 414.2 on 04-Oct-2016 and a greater demand in the coming days easier FIP foreign Investment Pro- Rs 119 for the target of Rs 153 -
52 week low of Rs 112.7 on 12-Feb-2016. Last one week high and low of the multiply offered incentives for infra- motion Board also has announced 160; below Rs 119 it can fall up to
scrip stood at Rs 382.5 and Rs 361.7 respectively. Accumulate. structure may be a metal-mining plans to eliminate….!! RS 108 - 96 levels. If it crosses Rs
Avanti Feeds (Rs. 580.00) (Code : 512573) (F. V. : 2.00) :- stocks. When a large allocation in 1. ICICI BANK (285) : It is sug- 160 level than expect nonstop rally
Andhra Pradesh-based Avanti Feeds h generated over 1,000% returns for share- the budget for demonetization and gested to buy @ Rs 273 with SL of up to Rs 173....!!
holders in two years to December 2015, the business situation is turning in its encourage domestic production Rs 264 for the target of Rs 299 -
favour once again after a lacklustre show in FY16. The government's initiative to machines required for the Were
grow marine exports by 20% bodes well for AvantiBSE 2.62 % Feeds, which
earns 85% of its revenue by selling shrimp feed and the remaining from shrimp
given in concession to the amount
of more than Rs 3 lakh were placed
Book Closure & Recored Date
processing. In addition, increased processing capacity, falling raw material prices BSE Code Company Purpose From To
restrictions on cash transactions
amid rising shrimp prices in the export market will support profitability. Avanti sells 500049 BEL Interim Dividend - Rs. - 3.00 04-Feb-17 04-Feb-17
and the limit of daily cash bank de- 504067 ZENSARTECH Interim Dividend - Rs. - 5.00 04-Feb-17 04-Feb-17
shrimp feed to local aquaculture farmers and has 40% market share. It also posits reduced from Rs 10,000 to
produces shrimp which are mainly exported to the US, Europe, China and South 539223 AMBITION Bonus issue 1:2 06-Feb-17 06-Feb-17
Rs 20,000 digital transactions from 511243 CHOLAINV Interim Dividend - Rs. - 3.50 07-Feb-17 07-Feb-17
East Asia. The stock looks attractive as the company is debt-free with high
banks to increase and Fee income, 532424 GODREJCP Interim Dividend - Rs. - 1.00 07-Feb-17 07-Feb-17
growth rate, 60% return on capital and consistent 20% dividend payout ratio.
bank charges can be found in an- 500387 SHREECEM Special Dividend - Rs. - 100.00 07-Feb-17 07-Feb-17
Long-term investors can consider the Avanti Feeds stock.
ticipation of the big bank stocks 513683 NLCINDIA Buy Back of Shares 10-Feb-17 10-Feb-17
APL Apollo (Rs. 1099.00) (Code : 533758) (F. V. : 10.00) :- APL
Apollo Tube's Q3FY17 consolidated results for the quarter came in mixed. APL
Apollo Tubes consolidated revenue for the quarter came in at Rs. 1146 crore,
registering 21.1% yoy increase. EBITDA for the quarter rose by 9.9% yoy to Rs.
Published on Every E-mail Edition of Subscription
78 crore with a corresponding margin contraction of 70 bps. EBITDA margin for Wednesday Smart Bonanza
the quarter stood at 6.8%. This margin contraction was aided by increase in 12 Month Rs. 700
overall expenses by 22% yoy. Net profit for the quarter came in at Rs. 29.5 crore,
You have Internate Facility
yoy decline of 5.1%. This was due to other losses of Rs 1.5 crore as against you’ll get Smart Bonanza in 2 Year Rs. 1300
other income Rs 2.5 crore for the same period last year. Recently, the company
your Inbox on Every
has received patents from the Indian Patent Office for two new product design. 3 Year Rs. 1800
This is in addition to the four Hollow Section design patents received last month. Tuesday Night
The company now holds total 8 design patents in total.The patents cover the
shapes and configuration of ‘window
frame’ and ‘metal tube’ products. The
stock looks attractive at this level. Ac-
Buy... Buy... Buy on Dips Hold Sell on High
cumulate. MRPL 105.00 Bank of Baroda 186.00 Tech Mah. 480.00 Shopper Stop 293.00
Disclosures as per SECURITIES AND Crompton Greaves 191.00 Granules India 127.00 Quick Heal 277.00 Cummins India 889.00
EXCHANGE BOARD OF INDIA (Research REI Infra 96.00 DHFL 296.00 Va Tech Wabag 490.00 ACC 1426.00
Analysts) Regulation, 2014; • I and / or Excel Crop 1790.00
Union Bank 167.00 Natco Pharma 721.00 MRF 51019.00
my clients may have investment in this
stocks • I/My family have no financial NHPC 30.00 Ujjivan Fin. 426.00 Solar Ind. 735.00 Jet Air. 380.00
interest or beneficial interest of more than Super Corp. 151.00 SBI 277.00 Whirlpool 1035.00 G. E. Shipping 390.00
1% in the company whose stocks I am Anant Raj. 48.00 Carborundum 257.00 CanFin Home 1998.00 SQS India BFSI 628.00
recommending • Stop loss is useful for Indian Hotel 109.00
Sterlite Techno 131.00 G.E. Power 640.00 IndiGo 857.00
Short / Medium Term investor Only • Smart
Investment will not be responsible / li- I. B. Real 79.00 Mahindra Holiday 455.00 L&T 1479.00 Hexaware 195.00
able for any loss arising out of invest- Ujaas Energy 44.00 Tata Coffee 124.00 Godfrey Phillips 1072.00 Spice Jet 65.00
ment based on tis advices • Past perfor- Opto Circuit 10.00 J & K Bank 69.00 Axis Bank 489.00 Kotak Bank 766.00
mance may or may not be substainedin Kwality 137.00
Vedanta 251.00 Bharat Forge 947.00 Tata Motors 522.00
future " (Dilip K. Shah) Research Analyst
: SEBI Regn No. : INH000002152 H. T. Media 82.00 Ashoka buildcon 192.00 Bajaj Fin. 3437.00 A. B. Fashion 145.00
SMART
INVESTMENT
II Budget Issue II
Stock Wave Sarvesh Ashok Trivedi
(Mumbai) (Mob) 09820728124 Budget 2017 welcomed
w w w. c h a r t s a n k e t s t o c k . c o m
The stock market enters into decisive phase Market gets momentum post budget
Market started the week with cau-
tion as first two sessions marked nega-
February 8 to 10 will be important turning days tive trends ahead of budget announce-
BSE Index (28240.52) :- It is moving up from bottom of 25753.74. It ment. On the budget day, after vola-
shows neutral position on daily, weekly and monthly basis. February 8 to 10 tile trades, market posted big jump and
thereafter tried to consolidate at the
will be important gain turning days. On upward movement, beyond 28290 it
higher levels in the remaining two ses-
may go up to 28450, 28655, 28870 with resisting level at 29077. On down- sions. Budget did not brought any re-
ward movement, below 27947 it may get support at 27750.
Nifty Future (8757.70) :- It is improving from bottom of 7857.70. It
spite due to postponement of GST
implementation till July 2017, but
shows overbought position on daily and weekly basis, while neutral position pleased to common man and the
MSME sector with lower taxation. Now
on monthly basis. On upward movement, beyond 8774 it may go up to 8790,
8800, 8850, 8925 with resisting level at 8995. On downward movement, all eyes will set on the yearend adjust-
ments for a while and will keep market
below 8668 it may get support at 8594.
in a volatile mode.
Bank Nifty Future (20260.15) :- It is improving from bottom of 17617. It NSE Nifty and S&P BSE Sensex
shows overbought position on 20288 it may go up to 20332, 20500, 20670 moved in the range of 8757.60-
with resisting level at 20840. On downward movement, below 19860 it may 8537.50 and 28299.92-27590.10 re-
get support at 19700. spectively during the week.
Bank of India (132.95) :- It is improving from bottom of 102.75. it shows Secondary Market :- After poor
start on Monday following weak glo-
overbought position on daily and weekly basis, while overbought to neutral posi-
bal trends, we marked cautious mood
tion on monthly basis. On upward movement, beyond 129 it may go up to 135,
with selling at every rise as all eyes
142, 150 and 164. On downward movement, below 128 it may get support at 125.
were on the budget. NSE Nifty lost
Tata Steel (472.80) :- Invest when it goes down from the current level, just 8.50 points to close at 8632.75
but it may witness solid improvement. It shows overbought position on daily, and BSE Sensex marked deficit of
weekly and monthly basis. On upward movement, beyond 495 it may go up mere 32.90 points to end the day at
to 517 to 525. On downward movement, below 462 will be closing support. 27849.56. Donal Trump's caution for
IT sector brought selling spree on IT
Jubilant Food (921.60) :- It is improving as the demonetization effects
majors that played a spoil sport. Bank-
subside. It shows overbought position on daily and weekly basis, while
ing counters marked mixed trends
oversold position on monthly basis. On upward movement, beyond 945 it
ahead of budget. Telecom counters
may go up to 972 to 1000. On downward movement, below 919 it may get too marked volatility. Caution prevailed
support at 892. ahead of Economy Survey presenta-
Reliance Infra (538.00) :- It shows improvement from bottom of 438.60. tion. Major Asian markets were closed
It shows overbought position on daily and weekly basis, while neutral posi- and thus curtailed the activities. Mar-
tion on monthly basis. On upward movement, beyond 544 it may go up to ket snapped previous four sessions
gaining streak. KP Energy announced
553 to 563, 570 and 580. On downward movement, below 534 it may get
bonus in the ratio of 1.5 share for ev-
support at 525.
ery 1 share on last Saturday. V Guard
Divis Labs (760.35) :- it shows rebounding spurt from bottom of 671.50.
surprised all with a bonus announce-
It shows overbought position on daily basis, while highly oversold position ment in the ratio of 2 shares for every
on weekly and monthly basis. On upward movement, beyond 756 it may go 5 shares held. Ushdev Intl turned ex-
up to 767, 800 to 812. On downward movement, below 735 it may get split (10 for 1).
support at 722. With divergent opening on Tues-
day indices finally closed in red ahead
Disclosure : The Recommendations are based on technical analy-
of budget announcement. NSE Nifty
sis. There is a risk of loss in trading. marked deficit of 71.45 points to end
-: Golden quote :- the day at 8561.30 and BSE Sensex
posted loss of 193.60 points to close
Stay Away from “Still” People, still broke, at 27655.96. Lower GDP forecast by
Economy Survey brought hammering
still complaining, still hating and still nowhere across the market and index heavy
weights as well as Mid and Small cap
Terrific Shots
counters eased on profit bookings at
- Dilip K. Shah higher levels. IT counters lead the
doom and got support from Oil and
Dabur India (Rs.269.00) (Code:500096) :- The company is active in Gas, Metal, Auto counters. FIIs re-
FMCG and Ayurvedic Pharma segment. In December quarter, the company's mained net sellers while DIIs turned
income decreased from Rs2127 crore to Rs1852.19 crore, while profit decreased net buyers. CPSE ETF FFO got listed
from Rs318.54 crore to Rs293.76 crore with EPS of Rs1.67. The stock has on BSE and NSE.
witnessed consolidation at lower level. As the demonetization effect has fade out, On Wednesday with cautious
higher opening, markets gained mo-
the company may witness good growth in March quarter. The focus on rural
mentum post budget announcement
sector in budget may improve demand from rural areas which may ultimately
and marked big gains at the close as
benefit FMCG ccomapnies like Dabur. The company is also increasing focus on budget was considered as reform ref-
export, which may result in improved financial performance. erendum. NSE Nifty scored 155.10
Finolex Industries (Rs.490.00) (Code:500940) :- The Modi points to close at 8716.40 and mirror-
Government has increased budgetary allocation for the irrigation sector for
the second consecutive year, which may help the company. It manufac-
tures pipes which are used in agriculture and other sectors. It owns 25% Ex-Bonus
market share. The stock price remained between Rs463.10 and Rs245.10
during the year. In the first half of FY2017, the company's income increased
Ambition (1 for 2)
from Rs1100.12 crore to Rs1129.69 crore, while profit increased from
Rs112.14 crore to Rs149.36 crore with EPS of Rs12.04. The promoters
Ex-Split
hold 52.47% stake, while public hold 47.18% stake. The company has good Ushdev Int. (10 for 1)
track record of paying dividends. The government's focus on agriculture Khemani Dist. (2 for 1)
and irrigation may prove beneficial to the company. It is a good candidate to
invest in for long term. It has declared 75% final and 25% special dividend Archit Org. (2 for 1)
for FY2016. It may cross Rs600 level.
KEC Inter (Rs.151.00) (Code:532714) :- The expansion plans of
Bonus Announced
railway and power sector may help the company to perform better. It is KP Energy (1.5 : 1)
active in infrastructure engineering, procurement, construction segments.
V-Guard (2 : 5)
It is also engage in power transmission, power systems, cables, railways,
telecom and water segment. It has its presence in 50 countries in Africa,
America, Central Asia, Middle East, South East Asia and South Asia. In
December quarter, the company's income decreased from Rs2058.83 crore
Nifty & Sensex Movement during the last week
to Rs1912.29 crore, while profit increased from Rs37.16 crore to Rs62.60
NSE - Nifty Open High
crore. The company's equity is Rs51.42 crore, while reserves are Rs1460.47 30-Jan-17 8635.55 8662.6
crore. The company has been bagging new orders from foreign countries. 31-Jan-17 8629.45 8631.75
It may bag new orders in EPC sector and power sector as well. 01-Feb-17 8570.35 8722.4
Biocon (Rs.1057.00) (Code:532523) :- The bio-tech company 02-Feb-17 8724.75 8757.6
was incepted in 2004. It is the biggest fully-integrated bio pharma company 03-Feb-17 8735.15 8748.25
of India. It is focusing on autoimmune, diabetes and cancer curing drugs. It Net
owns 8 subsidiaries and 2 step down subsidiaries. Its new plant at Bengaluru
may become operational in the first half of next year. It has started commer- Sensex Open High
30/01/2017 27,866.80 27,947.37
cial production of insulin in joint venture with Malaysian company. In the third
quarter, the company's sales increased by 32% at Rs1092 crore, while 31/01/2017 27,867.92 27,867.92
profit touched Rs171 crore with 65% jump. The stock may touch Rs1200 01/02/2017 27,669.08 28,159.54
level in short term and in long term it may touch Rs1300 level. 02/02/2017 28,167.83 28,299.92
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
03/02/2017 28,270.67 28,280.58
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
Net
5th February to 11th February 2017 9
a dollar and gave sigh of relief. How-
ever, Crude oil moved around 54$ a
Expert’s Eye
barrel and kept a tab on general sen-
timent. Marketmen welcomed budget
Dilip Davda and now eyes state and local munici-
pal elections in many parts of country
e-mail : dilip_davda@rediffmail.com as well as will remain busy with fiscal
end adjustments. Q3 numbers season
Best Buy will be in its final lap now. Thus for the
ensuing week, Nifty and Sensex may
Excel Crop., move in the range of 9000-8400 and
28750-27500.
Alkyl Amines, Sical Log. Bonus meets convened by Poly
Medi on 06.02.17.
ing similar sentiment BSE Sensex Scrip Watch :- Following scrip may
ended the day at 28141.64 with a rise be kept on radar for strategic invest-
of 485.68 points. Budget turning posi- ment ideas for medium to long term.
tive for few sectors brought cheer and Excel Crop (BSE Code 532511)
we marked surge in select Capital :- This agri input sector company has
Goods, Metal, Banking and Auto (on standalone basis) posted net profit
counters. Mid and Small cap counters of Rs. 64.67 crore on a turnover of Rs.
too sizzled with bargain hunting. No 727.43 crore for the 3Qs of FY 16-17
action on Long Term capital gain TAX against net profit of Rs. 51.96 crore
brought sigh of relief. FIIs and DIIs on a turnover of Rs 688.74 crore for
turned net buyers. the corresponding previous period. For
On Thursday markets opened flat FY 15-16 it posted net profit of Rs.
but in green and maintained tempo 59.58 crore on a turnover of Rs.
amidst volatile trade to close in green. 877.31 crore. Good monsoon augurs
NSE Nifty gained just 17.85 points to well for this company. As on 31.12.16,
end the day at 8734.25 and BSE equity capital of Rs. 5.50 crore is sup-
Sensex scored petty 84.97 points to ported by free reserves of Rs. 435
close at 28226.61. While Auto crore plus. Scrip is worth considering
counters witnessed profit bookings at at declined levels for medium to long
every rise, bargain hunting spurted IT term rewards. It currently quotes
and Pharma counters. Mid and Small around Rs. 1790.85 against 52 week
cap counters continued northward High/Low of Rs. 2009/897, FV Rs. 5.
move. FIIs and DIIs were net buyers. Alkyl Amines (BSE Code 506767)
Super Fine got listed on BSE SME :- This specialty chemical manufactur-
and traded above the offer price with ing company has posted net profit of
minor premium under the curtailed lim- Rs. 38.32 crore on a turnover of Rs.
its. Scrip turned ex-split included Kallam 369.51 crore for 3Qs of FY17 against
(5 for 1) and Khemani Distri (2 for 1). net profit of Rs. 34.48 crore on a turn-
Archit Org announced rights issue in over of Rs. 362.56 crore for correspond-
the ratio of 2 for 1. ing previous period. For FY 2015-16 it
On Friday too market opened flat posted net profit of Rs. 49.85 crore on
but with a positive note and marked a turnover of Rs. 483.59 crore. As on
range bound trades. NSE Nifty scored 31.12.16, equity capital of Rs. 10.21
Dividend Announcements
During the week dividend announcements came in from Alankit (10%),
Auto Corp Goa (50%), BEL (30%), Godrej Consum (100%), Granules
(25%), IMPAL (50%), India Nippon (40%), KP Energy (10%), Shree Ce-
ment (1000%), Thyrocare (50%), Genus Power (10%), GHCL (15%),
Indian Oil (135%), Motilal Oswal (250%), ONGC (45%), Oil India (95%),
TCI Express (40%), Cummins India (250%), Hikal (30%), Suven Life
(100%), Dr Lal Path (13%), Marico (200%), Sharda Motor (62.5%), Take
Solu (30%), Transport Corp (25%), ACC (60%), Aegis Logi (35%), CARE
(60%), GE Shipping (36%),Gulf Oil (175%), MRF (30%), Mayur Uniq
(5%), Redington (100%), Torrent Pharma (200%) etc.
mere 6.70 points to close at 8740.95; crore is supported by free reserves of
BSE Sensex gained just 13.91 points Rs. 225 crore plus. Scrip may be con-
to end the day at 28240.52. Thus both sidered at declined level for long term
benchmarks failed to close above the investment. It currently quotes around
sentimental barriers of 8.75K and Rs. 348.75 against 52 week High/Low
28.25K. With positive closings post of Rs. 410/280, FV Rs. 5.
budget announcements, we marked Sical Logi (BSE Code 520086) :-
hat trick of gaining momentum. Surge This integrated logistics service pro-
in Mid and Small cap outperformed viding company has (on consolidated
the benchmarks. IT, Pharma, Capital basis) posted net profit of Rs. 24.23
Goods counters surged, while FMCG, crore on a turnover of Rs. 660.19 crore
Oil and Gas, Auto, Power, Metal for 3Qs of FY 16-17 against net profit
counters eased on profit booking. FIIs of Rs 9.34 crore on a turnover of Rs.
were the net buyers, while DIIs were 553.71 crore corresponding previous
the net sellers. Ambition turned ex- period. For FY 15-16 it posted net
bonus (1 for 2). BSE got listed on NSE profit of Rs. 14.23 crore on a turnover
with a 34 per cent plus premium to of Rs. 850.72 crore. As on 31.12.16
offer price and cheered the primary it's paid up equity capital of Rs. 55.62
investors. It marked high of Rs. 1200 crore is supported by free reserves of
Rs. 425 crore plus. Investment may
before closing at Rs. 1071.
In the budget week, indices be considered at declined levels for
marked net weekly GAINs of 99.70 medium to long term. It currently
points and 358.06 points for NSE Nifty quotes around Rs. 233.05 against 52
week High/Low of Rs. 256/119, FV Rs.
and S & P BSE Sensex respectively.
10.
Rupee firmed up to mark Rs.67.30
DISCLAIMER : No financial informa-
tion whatsoever published anywhere here
should be construed as an offer to buy or
sell securities, or as advice to do so in
Low Close Diff any way whatsoever. All matter published
8617.75 8632.75 -8.5 here is purely for educational and informa-
tion purposes only and under no circum-
8552.4 8561.3 -71.45 stances should be used for making in-
8537.5 8716.4 155.1 vestment decisions. Readers must con-
8685.8 8734.25 17.85 sult a qualified financial advisor prior to
making any actual investment decisions,
8707.75 8740.95 6.7 based on information published here. Any
Weekly Gain 99.7 reader taking decisions based on any in-
formation published here does so entirely
Low Close Diff at own risk. Above information is based on
27,813.32 27,849.56 -32.90 the details available as on the date along
with market perceptions. Author has not
27,624.54 27,655.96 -193.60 traded in above three stocks mentioned in
27,590.10 28,141.64 485.68 Scrip Watch during last one month and
28,070.81 28,226.61 84.97 has no holdings or plans to invest in any
scrip referred above.
28,127.18 28,240.52 13.91 (THE AUTHOUR IS SEBI REGISTERED
RESEARCH ANALYST) (Email:
Weekly Gain 358.06 dilip_davda@rediffmail.com )
10 5th February to 11th February 2017
Sensex Predictions
Dt. 6th Feb. to 10th Feb.
" Please consider 10 minutes
plus and minus in each prediction,
and act accordingly. " Ganesha ad-
vises you to compare every pre-
diction with the prediction of the pre-
vious time slot. " We have already
launched the 2016-17 Stock Mar-
ket Predictions Book.
06-02-2017 Monday :- "
Today the Moon is posited in its Sign
of Exaltation. " Friends, as repeat-
edly mentioned in our book and as
advised since 2009, please create
your portfolio. " From 9.15 to 10.39
Nifty will pass time on the up side. "
Between 10.39 to 13.39 Nifty may
be confusing, hence trade with a
margin of 1 rupee only. " The pe-
riod from 13.39 to 15.30 will be very
amazing, wherein you shall get
space on both sides. Do Intraday to
earn well.
07-02-2017 Tuesday :- "
Please refer our book or monthly
‘No bad news
is good news’
(Continued from page 12)
team (CERT) for financial ser-
vices, so also the spate of pro-digi-
tal moves (Aadhar-based swipe
machine rollouts, BHIM app promo-
tion, defence-centric digital pay-
ments and the like).
On the fiscal front, the reduced
fiscal deficit target (3.2% for FY18,
3% for FY19) is undoubtedly a pru-
dent move, and it’s heartening to
note that FM has managed to beat
market expectations of 3.3-3.5%
and our expectation of 3.25%. The
thrust on increased capex and re-
duced borrowing is also laudable.
file once, and read the predictions
for the next week. " Trade in the
stock market, as per time period we
have provided till 2019. Thereafter,
we will inform the time period to avoid
trading. " Around 11.20 Nifty may
go down, step by step till 13.15. "
Around 13.27 buy Nifty, and exit on
earning profit of 3 rupees.
08-02-2017 Wednesday :-
" You may have to frequently
change your position, as the Moon
is in Rahu's Nakshatra today. " The
opening will be around yesterday's
closing. Thereafter Nifty shall imme-
diately go up, and till 10.30 remain
positive. " From 10.30 to 13.30 you
will immensely enjoy trading at Nifty.
Change your trend every 15 min-
utes to earn a good profit today. "
Between 13.30 to 15.30, apart from
term and 2) Robust tax revenue,
penalty collection post
demonetisation and non-tax rev-
enues from divestment and spec-
trum sale proceeds. With data pre-
sented on tax filings by individuals
and corporates and data mining of
deposits received post
demonetisation, there is a big hope
that government will be able to ex-
tract penalty to boost its revenue
and spend on capital expenditure.
In another reassuring move, the
FM has kept service tax or other
rates unchanged, thereby keeping
things simple even as the govern-
ment is all set to move over into
the GST regime.
There’s not a semblance of
doubt about the nobility of moves
II Budget Issue II
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
stockmarket@ganeshaspeaks.com
2 or 3 slots, overall trend will be
positive.
09-02-2017 Thursday :- "
Swagruhi Moon will increase liquid
cash in the market today. " From
9.15 to 10.15 Nifty will go up. " Be-
tween 10.15 to 11.00 avoid trading.
" From 11.00 to 11.50 Nifty may
bounce slightly. " Between 11.50 to
13.00 Nifty may go down. " From
13.00 to 15.30 positive effect of Eu-
ropean market will be visible on 'A'
group stocks.
10-02-2017 Friday :- "
Around 12.03 Nifty may go down. "
Around 13.27 Nifty will go up. "
Around 15.15 Nifty shall move up-
wards. " Take your position, only
around the time periods mentioned
above. Besides this, you know how
to trade.
through CPSE ETF route, as also
the intent to consolidate oil compa-
nies into one and abolishing the
FIPB for FPI. Having said that, one
just felt a few sectoral wish lists
were inadvertently side-lined, some-
thing that was easily possible within
the given constraints. The list of
missed opportunities is too obvious
to be ignored - corporate tax rates
for listed companies could have
been reduced in line with the DTC,
extension of Generation Based In-
centives for Renewable energy
was logical given that it is one of
the government’s focus areas,
much higher capital spending on
defence, and there was also a
compelling need to correct the in-
verted duty structures in customs
SMART
INVESTMENT
News Track
MRSI establishes Industry leadership in BIG DATA bysetting
theme for 2017 Annual Seminar to be held in Bengaluru
The 26th Annual Market Research seminar will be held in Bengaluru on
20th&21st February.Each year the event is attended by the movers and
shakers of the insights world, both from the traditional Market Research
firms as well as the new age analytics companies and the users of insights
from corporate world. Speaking about the previous event in
2016,Mr.SanjoyDatta - President of MRSI said "The previous seminar held
in Mumbai was a huge success with over 350 delegates over the two days.
The delegate mix was both mid and senior researchers from agency and
client side as well as those from the marketing and brand management
functions which are the end users of marketing insights."
Client participation has been confirmed from the likes of HUL, Nestle,
Pepsico, Amway, ITC, L'Oreal, Car Dekho, Maruti, GPI, United Breweries,
Marico, MTV etc. Key note speaker identified is Mr.Deep Thomas, CEO
Tata Insights - one of the 10 Most Influential Analytics Leaders in India
(source : Analytics India Magazine).
Enjoy a medley of authentic global flavours
with CCD’s new ‘International Burger Carnival’
Who doesn't love a good burger? And who wouldn't love two yummy
burgers of different global flavours on a single plate?!! That is exactly what
Café Coffee Day’s (CCD) delicious new menu addition is all about. Burgers
in authentic flavours that is juicy and mouth–watering and promises to be
epic! The special menu aptly called ‘International Burger Carnival’ intro-
duces a range of scrumptious burgers in different irresistible international
flavours that will take you on a trip around the world just through your
tastebuds!
This delicious new menu presents burgers packed with ingredients and
seasonings that will leave your taste buds dancing with an explosion of
flavours. True awesomeness in every bite! CCD takes youth’s love for
international flavours a notch higher with a range of three vegetarian op-
tions. The flavours are authentic in its attempt to give one a unique gastro-
nomic experience. The portions come in a serving of two burgers and
promises to leave one craving for more.
These vegetarian options are flavoursome. There is Afghan-e-Paneer
which brings you authentic Afghani paneer tikka, grilled in butter masala
with cheese, onions and lettuce layers into a peri-peri seasoned bun. A bite
of Egyptian Falafel will take one back to the Pyramids with its flavourful
falafel patty with mozzarella cheese and hummus set in a toasty bun with
hot peri-peri seasoning. And ofcourse there is the American Crispy with the
traditional crunchy veg patty with cheese, served with tangy red onions,
lettuce and chilli salsa topped with nacho chips in a season bun. Every bite
of these sliders promises you an escape to different destinations.

Financial Weekly
Clearly, the motive is to keep infla- duty. But in the final analysis, the
like cleansing the murky waters of
tion and interest rates in check. Of tight rope walk seems convincing
political funding, meeting the needs
course, the government’s desired if one looks at the macro view, a
result will hinge on 1) RBI’s initia-
of MSME sector, imposing the
fact that markets were quick to note Every Sunday Every Wednesday
much-needed cash transaction
tive to lower rates in the medium and react to. Gujarati Financial Weekly
tax, plan to increase divestment

Market Scan
REVIEW OF “SMART PLUS NEWS LETTER” (Continued from page 1)
AMAZING 15% RETURN ADX is at 36 which suggest that
SMART GAIN FOR SMART
Company
INVESTORS
Reccom. Weekly Ch.
the Uptrend is very strong. Direc-
Company Reccom. Weekly Ch. tional Indicators continue in Buy
30-1-17 High (%) 30-1-17 High (%) mode as +DI remains above -DI. MFI
Motherson Sumi 344 348 1.16 Divis Lab. 711 756 6.3
(70) suggests Positive Money Flow.
Srikalahasti Pipe 292 314 7.5 Hind. Zinc 301 333 10.6
Agro Tech Food 488 524 7.4 ONGC 204 212 3.9 OBV continues in Buy mode and
BASF
Dewan Housing
1290 1340
283 298
3.9
5.3
ABB
Bank of India
1108 1127 1.7
117 128 9.4
continues to make higher top, higher
bottom formation. Thus majority of
smartbonanza2011@gmail.com
KRBL 371 388 4.6 Glenmark Ph. 901 970 7.7 Oscillators are suggesting a bullish
RBL Bank 398 443 11.3 National Fert. 47 5 8 23.4 bias in the near term. The Momen-
Tata Comm. 720 774 7.5 HCC 44 4 5 2.3 tum Oscillators are in Overbought
Bharat Fin. 742 853 15 Trident 67 7 0 4.5 territory and we can expect some
I. B. Housing
Vinati Organics
753 802
741 759
6.5
2.4
Aro Granite
Jain Irrigation
75
95
78
9 8 3.2
4
pull-back or consolidation in the near Our Hard Copy subscription rates as under
Thirumali Chem. 785 826 5.2 Kirloskar Ferro 80 8 7 8.8 term, but that should be used as an
Jubilant Life 703 730 3.8 Vinyl chem. 70 7 3 4.3 opportunity to Buy. 1 Year : ` 1000 2 Year : ` 1800 3 Year : ` 2700
Jubilant Food 878 940 7.1 Diamond Power 47.5 5 0 5.3 This week, both the indices con-
Bharat Ele. 1547 1624 5 Sintex 87 94 8 tinued to remain above the short term
Electro Steel Casting 2 7 2 9 7.4 Common man
Steel Strips Wheel 672 704 4.8 average of 20dma (Sensex - 27416
Market punter both can cheer
BOSCH 22450 23639 5.3 MEP 42 4 3 2.4 and Nifty - 8473), medium term av-
(Continued from page 12)
Disclaimer :- Investment
Escorts 369 385 4.3 IL&Fs 49 5 4 10.2 erage of 50dma (Sensex - 26820 and
MAZDA Ltd. 332 350 5.4 NCL Industries 130 137 5.4 There is no change in tax recommendations made in
ABC Bearing 168 173 3 Nifty - 8268) and even the long term Smart Investment are for in-
India Cement 144 164 13.9 structure on capital gains, or gift
Sona Koyo 77 90 16.9 Super Crop. 145 153 5.5 average of 200dma (Sensex - 27412
and Nifty - 8356). Thus the trend in tax, or estate duty. For institutional formation purposes only and
Kalyani Steel 331 339 2.4 Datamatics 146 151 3.4
Just Dial 369 394 6.8 Navneet Education 125 134 7.2 the short term, medium term and investors, fiscal prudence and derived from source that are
L . T. Foods 414 461 11.4 Eveready 242 249 2.9 even the long term timeframe con- containing the deficit at 3.2% are deemed to be reliable but
Suven Life 176 184 4.5 Gitanjali Gems 69.15 7 1 2.7 tinues to remain upwards. positives. The government's plan
GNFC 248 256 3.2 Granules India 115 129 12.2 their accuracy and complete-
Options data for February series to list a few well-performing
Mphasis 560 578 3.2 Kirloskar Oil Engg. 328 344 4.9 ness are not guaranteed.
indicate highest Call Open Interest PSUs such as IRCTC, IRFC and
Axiss Bank 473 487 3 Kalyani Investment1314 1524 16
build-up at the strike of 9000 and high- Smart Investment or the ana-
IRCON will raise resources for
Only Subscribers Will Get SMART PLUS NEWS LETTER est Put build-up is at 8500. Thus the government and offer good lyst / writer do not accept any
on their E-mail Address. Options data suggests a trading
quality securities to new money liability for the use of this col-
range with resistance coming in at umn for the buying or selling
Log on to..... www.smartinvestment.in 9000 and support at 8500.
in the market. Lower government
borrowings at `3.5 lakh crore will of securities. Readers of this
drive interest rates down, a rea- column who buy or sell se-
Stock Market Related one of the Most Successful Website : www.smartinvestment.in son for corporate sector to be curities based on the infor-
Within a span of just four years of Launching www.smartinvestment.in has got happy and individuals to allocate mation in this column are
more assets to equities.Foreign
Dear Net User Friends, soley responsible for their
investors are relieved with1 the

7530, ,0 770H0its
77,07,0 Thanks a lot for giving unprecedented response to our portal. We are
sure that we will get such a great response in Future. Your every Click
gives us strength in our Journey towards new Peak.
annulment of the controversial
CBDT circular. The planned dis-
mantling of FIPB is another big
actions. The author, his com-
pany or his acquaintance
may / may not have positions
reform step to support growing in the scrips featured herein
“Click...... www.smartinvestment.in.... and Earn More. foreign direct investment in India.
SMART
INVESTMENT
II Budget Issue II 5th February to 11th February 2017 11
Dark Horse Poly Medicure (Rs. 514.00)
(Code: 531768) :- The board of this
High Risk 500112) :- Current is being seen in
the shares of SBI, PNB and BoB fol-
turn
healthcare equipment manufacturer
High Re lowing the central government's de-

Orient Abrasives Ltd. will meet on February 6 to decide on
bonus issue. It is expected to an-
(Rs. 37.50) (Code : 504879 & NSE) (F. V. 1) nounce a generous bonus ratio.
Orient Abrasives was set up in 1974, in technical collaboration with
Godrej Properties (Rs. 373.00)
Karborundum, Bentueky, Czechoslovakia by the Rajgarhia group of indus-
(Code: 533150) :- The company has
tries as a venture to manufacture Calcined and Fused Alumina products.
reported 186% jump in net profit for
Today, the Company enjoys the position of being the largest producer of
December 2016 quarter. Its perfor-
Calcined and Fused Products in India. The Company offers a wide range of
mance has been much better than its
Refractory and Monolithic products for the iron and steel industry and enjoy
large domestic and international clientele. Headquartered in Mumbai, India, rivals. The stock is expected to re-
OAL's manufacturing facilities are located in Porbandar, Gujarat. In addi- main in focus in view of various an-
tion, it operates windmills with a total power generation capacity of 11.1 nouncements in the Budget for realty
megawatts and sells its generated power to state power distribution compa- sector as well as company's plans to
nies. demerge its subsidiary companies.
It has an equity base of just Rs.11.97crore that is supported by huge PVR (Rs. 1,292.00) (Code:
reserve of around Rs.163.37crore. The Promoters hold 63.18% while the 532689) :- PVR has recently launched
investing public holds 36.82% stake in the company. its sixth multiplex in Ahmedabad. With
For H1FY17, OAL achieved a turnover of Rs.104.72crore with PAT of 1,400 seats in seven screens, it has
Rs.7.63crore fetching an EPS of Rs.0.64. Metal sector has shown strong become the largest multiplex chain in
up-trend in last 6-9 months & metal companies are delivering strong num- Ahmedabad and the state. It is also
bers in Q3FY17. It is investment friendly company & paying regular dividend
benefiting from the success of Raees
to investors. It has paid 25% dividend for FY16. Company has given 1:1
and Kaabil.
bonus shares in 1996, 2004 & 2009.
ICICI Prudential (Rs. 359.00)
Its all-time high rate is Rs.58.90 & 52 week high rate is Rs.53.55 while 52
(Code: 540133) :- The share was
week low rate is Rs.29.05. Share price is consolidating between Rs.30-35
trading at a discount since the
levels since October-16. Risk to reward ratio is favorable. Now technically
stock has given strong & powerful break out on weekly chart which is company's listing late last year. How-
suggest that stock can give strong up move from here. One can buy this ever, the share is above the issue
stock with stop loss of Rs.30. price and has been on the move. Fi-
nance minister Arun Jaitley has hinted
at liberalisation of FDI policy in insur-
Smart Tips
ance sector, which is seen benefiting
Smita N. Zaveri
the company.
Jain Irrigation, HCC, MRPL, Reliance Defence Dishman Pharma (Rs. 237.00)
Shares
Dilip K. Shah
(Code: 532526) :- This Gujarat-
based pharma company has recently
received an establishment inspection
report from the US FDA for its Bavla
facility. The share has already re-
acted to the move, and is seen gain-
ing further.
Cosmo Films (Rs. 379.00)
(Code: 508814) :- The company has
announced that it has commissioned
ahead of schedule a new line for pro-
duction of BOPP at its Karjan facility.
MCX (Rs. 1,200.00) (Code:
534091) :- The blockbuster listing of
BSE shares on February 3, at a 35%
premium to the issue price, is having
a positive impact on MCX, the first
listed exchange in the country. The
company has also started its opera-
tions in GIFT City in Gandhinagar.
BPCL (Rs. 698.00) (Code:
500547) :- The halving of basic cus-
toms duty on LNG to 2.5% in the Bud-
get will benefit companies such as
BPCL, IOC and ONGC. The oil mar-
keting companies are also expected
to benefit from hike in jet fuel prices.
SBI (Rs. 275.00) (Code:
cision to allocate Rs. 10,000 crores
for recapitalisation of PSU banks.
Equitas Holdings (Rs. 182.00)
(Code: 539844) :- The shares of this
micro finance company had had a
strong listing last year. While other
such companies have had a rough
time due to demonetisation, Equitas
has reported encouraging numbers for
the third quarter. The stock can be
seen above Rs. 200 in the short term.
Sun TV Network (Rs. 679.00)
(Code: 532733) :- A court has
dropped the charges against former
union minister Dayanidhi Maran and
his brother Kalanithi Maran, the main
promoter of Sun TV, in the Aircel-
Maxis deal. The court order has had
a positive impact on the stock, with it
jumping over 20% on Friday.
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 recommend-
ing • Stop loss is useful for Short / Medium
Term investor Only • Smart Investment will
not be responsible / liable for any loss aris-
ing 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

Jain Irrigation Systems (Rs. 94.00) (Code: 500219) :- The

NHPC (Rs. 30.00) (Code:
shares of this A group listed company have face-value of Rs. 2. The share
533098) :- The board meeting of this Dalal positive impact on the share.
Atishay (Rs. 80.00) (Code:
touched a high of Rs. 109 and low of Rs. 47 in the last 52 weeks. The
government announced in the Budget that it would set up a Rs. 40,000
PSU hydropower generation com- Street 538713) :- This BSE-SME platform

pany will meet on February 7 to de-
crores long term irrigation fund. Moreover, it has allocated Rs. 1.87 lakh
cide on share buyback proposal.
crores for rural and agriculture sector. Government has set a target of Rs.
BPL (Rs. 66.00) (Code:
10 lakh crore for agriculture credit. These announcements augur well for the
500074) :- In the Budget, the gov-
company, which is a leading player in manufacturing pipes for micro irriga-
ernment has allowed 100% FDI
tion systems. It also produces mango pulp, puree and dehydrated onions. It
through automatic route for manu-
also makes PVC and poly carbonate sheets and pipes. For September
facturing of medical devices.BPL and
2016, it reported income of Rs. 1,425 crores and net profit of Rs. 29.35
Opto Circuits are expected to gain
crores. The stock is very attractively priced when compared to its rivals.
from this decision.
HCC (Rs. 41.00) (Code: 500185) :- Shares of this A group listed Ujjivan Finance (Rs. 428.00)
construction major have face-value of Re. 1. The share touched a high of (Code: 539874) :- The company has
Rs. 45 and low of Rs. 16 in the last year. The government has granted emerged as a leading finance com-
infrastructure status to affordable housing segment in the Budget. Besides pany since listing of its shares last
HCC, the government's focus on infrastructure is seen benefiting other year. The company has started the
companies such as Prestige Estate, DLF, Dilip Buildcon, Ashiana Housing, small finance bank business, which
Godrej Properties, among others. HCC is also infrastructure development, will have a positive impact on the
transportation, water and power segments. The company's order book stock.
stands at Rs. 23,000 crores, which is five times its income in FY 2016. For Idea Cellular (Rs. 109.00)
December 2016, it reported net profit of Rs. 4.55 crores on income of Rs. (Code: 532822) :- The share cor-
944 crores. The stock is trading near 52-week highs, and can deliver strong rected sharply and fell to fresh lows
returns going ahead. due to pressure on margins in the
Mangalore Refinery and Petrochemicals (Rs. 104.00) wake of launch of 4G services by
(Code: 500109) :- The shares of MRPL have face-value of Rs. 10. The Jio. However, the share has jumped
by over 50% in the last eight trading
shares touched a high of Rs. 116 and low of Rs. 51 in the last 52 weeks. The
sessions on account of talks with
government has proposed merger of oil & gas companies in the Budget,
Vodafone for a potential merger. It
which is expected to help in significant value unlocking for the company.
can rise further.
MRPL is investing Rs. 15,000 crores to set up a new Petroleum Coke Gas
Ashok Leyland (Rs. 94.00)
Complex. It is increasing its refining capacity from 180 lakh tonnes to 210 lakh
(Code: 500477) :- The shares of this
tonnes due to rollout of BS VI fuels from 2020. For September 2016 quarter, it
auto sector company are in the lime-
reported income of Rs. 13,990 crores and net profit of Rs. 416 crores. The
light. It has reported growth in Janu-
December quarter results will be announced on February 7. The stock is very
ary sales. The Hinduja Group com-
attractively priced. It can deliver 10-15% returns in the short term.
pany has also started a new assem-
Reliance Defence (Rs. 58.00) (Code: 533107) :- The shares of A
group listed Reliance Defence have face-value of Rs. 10. In the last 52 weeks, bly plant in Bangladesh, which will
have a positive impact on the stock.
the share touched a high of Rs. 74 and low of Rs. 48. Reliance Defence, BEML,
Walchand Nagar and Bharat Electrical are seen as the biggest beneficiaries of Kwality (Rs. 137.00) (Code:
531882) :- The Budget has made
the sharp rise in defence allocation at Rs. 2.74 lakh crores. This Anil Ambani
group company has received 12 industrial licenses from DIPP. These licenses major announcements for dairy pro-
Whispers
Dilip K. Shah
MRPL (Rs. 104.00) (Code:
500109) :- With the central govern-
ment considering a mega merger of
oil companies, there is a strong like-
lihood of merger of MRPL with its
parent ONGC. Chennai Petro, on the
other hand, is likely to be merged
with its promoter IOC.
Anant Raj (Rs. 48.00) (Code:
515055) :- The company is expected
to benefit from the various budget-
ary announcements related to af-
fordable housing segment.
Sintex (Rs. 93.00) (Code:
502742) :- This Gujarat-based player
is expected to benefit the most from
the budgetary announcement re-
lated to bio toilets in trains. Demand
for water storage tanks and home
furniture is also expected to rise due
to the boost to affordable housing.
JM Finance (Rs. 75.00) (Code:
523405) :- The stock market bench-
marks have surged to four-month
highs due to pre and post Budget
rallies. Further upmove is expected.
Shares of brokerage houses such
as JM Financial, Motilal Oswal and
Geojit are expected to remain in fo-
cus.
HT Media (Rs. 82.00) (Code:
532662) :- HT Media and other com-
panies are expected to benefit from
the government's announcement
listed company moved to the BSE
mainboard platform from February
3. The company operates in net-
working segment in technology busi-
ness. The free float is limited as pro-
moter holding is 73.65%.
M&M Finance (Rs. 293.00)
(Code: 532720) :- The company is
engaged in rural finance business. It
is expected to benefit a lot from the
government's focus on rural areas,
agriculture and infrastructure.
Advanced Enzyme (Rs.
643.00) (Code: 532840) :- The
company's board will meet on Feb-
ruary 14 to decide on stock split.
ICICI Bank (Rs. 281.00) (Code:
532174) :- ICICI Bank and IOC are
seen as strong contenders for inclu-
sion in the Morgan Stanley MSCI in-
dex on February 9.
Tech Mahindra (Rs. 479.00)
(Code: 532755) :- Aggressive buy-
ing can be seen in the stock as Tech
Mahindra's weightage in the MSCI
index is likely to go up when it is re-
viewed on February 9.
Quick Heal (Rs. 277.00) (Code:
539678) :- The government has fo-
cused a lot on digitalisation in the
Union Budget. There is also proposal
to spend a lot more on cyber secu-
rity, which is seen benefiting this
company.
Disclosures as per SECURITIES AND
EXCCHANGE BOARD OF INDIA (Research Analysts)
Regulation, 2014; • I and / or my clients may have in-
vestment 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

cessing sector. The company has that higher FDI in print media is un- is useful for Short / Medium Term investor Only • Smart
are for manufacturing a range of defence equipment to boost Make in India and der its consideration.
Investment will not be responsible / liable for any loss

Skill India initiatives. The company recently received an order to manufacture started production at its new plant in arising out of investment based on tis advices • Past

Haryana for production of value Vedanta (Rs. 251.00) (Code: performance may or may not be substainedin future "
14 FPV for Indian Coast Guard. For September 2016 quarter, Reliance De- (Dilip K. Shah) Research Analyst SEBI
added products. It is also expected 500295) :- The company is planning Regn No. : INH000002152
fence reported revenue of Rs. 98.65 crores, and net loss of Rs. 116.29 crores. to increase prices of its products,
The company's equity is Rs. 736 crores, reserves Rs. 958 crores, total debt to benefit from the upcoming in-
crease in milk prices. which will boost margins and have a FII Activity (Rs. Cr.)
Rs. 9,310 crores, total assets Rs. 9,004 crores, and market cap Rs. 4,270
crores. The share has a book-value of Rs. 23.02. Date Buy Value Sell Value Net Value
30-01-2017 3212.83 2605.47 607.36
(SEBI Registered Research Analyst)
* Disclosure :- The author has not
Value of Rs. 1 Lakh Invested in Various Asset Classes 31-01-2017 4608.79 5141.67 -532.88
Top 5 SIPs brought / sold any stock advised in this (As on 27-1-17) Sensex Gold Silver FD (SBI) PPF*
01-02-2017
02-02-2017
5530.41
5360.88
5437.68
5252.29
92.73
108.59
news paper during last one month • All 1 Year 113841 107389 115557 107250 108700 03-02-2017 5123.63 4769.79 353.84
Top 5 Equity Schemes stocks rates / indices on 3rd February 1 Year Total 23836.54 23206.9 629.64
based on 10 Yr. SIP Return 2017 unless specified o Stoploos is
Scheme Name Return useful for Short - Medium term inves- Post Tax Returns 113841 105172* 110890* 105075* 108700 FII Activity (Rs. Cr.)
tors only 5 Year 161788 102978 72940 140255 151757 Date Buy Value Sell Value Net Value
Annualised * Disclaimer :- • Smart Investment 5 Year 30-01-2017 2525.39 2485.35 40.04
ICICI Prudential Value 14.89 will not be responsible / for any loss Post Tax Returns 161788 102680 NA 127022 151757 31-01-2017 3726.34 3488.97 237.37
SBI Magnum Monthly 13.89 arising out of investment based on its 01-02-2017 3460.36 2326.62 1133.74
Kotak Monthly 13.88 recommendation. • Though, every care ** Taxed at 10 % without indexation, # Silver prices suffered losses 02-02-2017 3083.74 3194.63 -110.89
has been taken, we will not respon- 03-02-2017 2354.95 2397.48 -42.53
Reliance Monthly 13.83 sible for any errors / omissions • All dis-
; All Post - tax returns are calculated on capital gians, except PPF,
Total 15150.78 13893.05 1257.73
Franklin Indian 13.51 putes are subject to Ahmedabad juris- * Taxed at 30% Income Tax
diction
12 5th February to 11th February 2017 II Budget Issue II SMART
INVESTMENT

‘No bad news is good news’ Budget for Digital India

‘No bad news is good
news’ rings true for this
year’s budget with re-
sounding veracity. The
FM’s hands-on balancing
act – spanning 10 well- de-
fined focus areas – spells
good news for the overall
economy but it does leave Amar Ambani Nifty ended 155 points up
a few holes, if not gaping, Head of Research,
for some sectors. IIFL
First things first. It was largely
feared that the budget would turn
overtly populist, in the wake of the
state elections as also in the after-
math of the demonetisation move
which was upheld by the public but
at the cost of evident pain. The gov- tor, affordable housing, infrastructure
ernment could have hence gone
astray in the ensuing appeasement
but to its credit, it kept its cool and
retained its focus on fiscal prudence.
There was also palpable stress
among market men over the possi-
bility of long term capital gains in
listed equities being taxed or holding
period increased to 3 years. Be-
sides, the anxiety of tax
on FPI was also playing on
the minds, that would have
surely dented foreign capi-
tal - the liquidity lifeline of
capital markets. Markets
obviously cheered the sta-
tus quo on these fronts.
in response. Such was the
elation that the market
was happy to ignore the unchanged
corporate tax rates for listed com-
panies, a measure that was down-
right logical and yet remained unad-
dressed.
The FM’s boost to the rural sec-
and agriculture was on expected
lines and rightly so. The strong em-
phasis on the farm sector translates
well in the form of increased budget
allocation, extended farm credit, irri-
gation fund and crop coverage
schemes. Real estate is the benefi-
ciary of some real gains, with a size-
able budget allocation and infra sta-
tus granted to affordable housing
segment. The path to claim incen-
tive for affordable housing has also
been made free of speed bumps, as
the criterion has shifted from built-
up area to carpet area and the timeline
has been extended to 5 years.
Among the realty proposals now
keenly awaited would be the reduc-
tion of holding period for long term
gain rate applicability to 2 years.
On the tax front, FM has some-
what appeased the lowest slab by
reducing tax rates to the tune of 5%
besides offering a salary rebate. For
the listed corporates, however, FM’s
tax provisions don’t spell any good
news whatsoever although rates
applicable for the SME segment have
been reduced. If we take the value
into account, the corporates have a
much larger say, and hence de-
served some relief if not substantial
relief. Among the other notable deci-
sions is the plan to establish a com-
puter emergency response
(Cont. on P. No. 10)
Postal Regd. No. GAMC - 1703/2015-17. issued by SSP Ahd. Valid up to 31-12-2017
Published on Every Sunday “Permitted to post at Ahmedabad PSO on every Monday (weekly) under
Finance Minister Mr.
Arun Jaitley in his budget Deven R. Choksey
2017 speech addressed the Managing Director
governments mission to KRChoksey Shares & Securities
bring a transformative shift
Mr. Deven Choksey is the
to the governance landscape
promoter of KRChoksey Group
of our country. The govern-
& the Managing Director of
ment has moved from a dis-
cretionary administration to KRChoksey Shares and Securities Pvt. Ltd.
a policy and system based KRChoksey has been a respected and distin-
administration; from favorit- guished name in the Indian capital markets, for
ism to transparency and ob- over three decades. He carried the vision of trans-
jectivity in decision making; ferring stock brokerage business into wealth
from blanket and loose en- management practice. Today, KRChoksey runs
twin integrated platforms under wealth manage-
titlements to targeted deliv-
ment and transaction based services.
ery; and from informal
economy to formal economy. IMF has projected India’s GDP growth of 7.2%
and 7.7% in 2017 and 2018 respectively with expectations of India to be one of
the fastest growing world economies. The World Bank, however has a more
optimistic outlook with GDP growth projected of 7% in FY17E, 7.6% in FY18E
and 7.8% in FY19E. CPI inflation declined from 6% in July 2016 to 3.4% in
December 2016 and is expected to remain within RBI’s mandated range of 2%
to 6%. India’s Current Account Deficit declined from about 1% of GDP last year
to 0.3% of GDP in the H1FY17. Foreign Direct Investment (FDI) increased
from INR 1.07 Lakh Crs in H1FY16 to INR 1.45 Lakh Crs in H1FY17. This
marks an increase by 36%, despite 5% reduction in global FDI inflows. Foreign
exchange reserves reached USD 361bn as on 20th Jan 2017 which repre-
sents a comfortable cover for about 12 months of imports.

Focus on reviving Budget 2017 had 'shortest list of bad news'

consumption and productivity Ridham Desai Foreign Portfolio Investors and
indirect transfers were positive de-
that India was
actually under-
performing in
Head of India Equity Research
Nilesh Shah velopments for transparency, and
comparison its emerging markets, bers, we
said the only cause for concern in
M.D. : Kotak Mah. Asset Management the Budget was the divestment tar-
especially at a time when global have said it
growth is on the upswing. Valuations on this chan-
Union Budget 2017-18 has reassured investors by get of Rs 72,500 crore. India had
relative to equity markets and bonds
maintaining the path of fiscal prudence, with targets of retained its macro stability reputa- nel many times before but I will re-
remained quite attractive in India, and
3.2% for FY18, 3% for FY19, and 60% debt-to-GDP by tion and was ahead of its peers on cap the numbers because people
that global investors should invest in
2023. It can change the perception of moody rating agen- this count. There was an upside rise
the country. I think equities have keep getting these doubts about do-
cies that have demonstrated poor standards while rating India in the past. to global growth this year and that mestic flows. Saving by households
become more reliable asset class for
The concern of foreign investors on taxation arising from indirect transfer as long as global factors remain sup- on an annual basis is about USD 400
domestic balance sheets. Domestic
provisions has been addressed. The extension of concessional withhold- portive, India would be okay. He said billion. If they put 5 percent of that
households just to recap the num-
ing tax of 5% on ECB & Masala Bonds can turn around debt outflows. into equities that is USD 20 billion.
Benefits given to affordable housing can create the supply necessary ing
can create the supply necessary to keep real estate prices under check,
Common man, Market punter both can cheer So, that is I think a very reasonable
run rate to assume for domestic
provide employment to unskilled labour and create demand for local mate- Small and Medium Enter- Nirmal Jain flows. Therefore the consequences
rials from cement to tiles.Banks will be able to deploy credit in safe retail prises (SMEs) and Chairman of IIFL Group
of that are that midcaps get bid and
housing loans. The Budget has increased capex by 25%, with continuing middleclass individuals form
however much I worry about midcap
focus on roads and railways. The government obviously will have to spend the core of the economy . There are tax breaks for SMEs
valuations and they are trading at a
it productively. The divestment target is at an all-time high number and will and also concessions for middle-class people who are
fairly rich premium to largecaps a
require deft management to achieve it. The allocation of `10,000 crore for tax payers in the lower and middle slabs of income. Our
little off the highs in October but still
PSU bank recapitalisation looks low considering the focus on improving growing working class, farmers and urban workers need
at a rich premium that may sustain
credit flows to accelerate growth. However, new laws for cheque bounc- housing, jobs and better infrastructure. There is a planned
increase in capital expenditure by 25%, which will be a huge boost for for a while until it blows up. Equities
ing, seizure of local assets of absconders and illegal public deposits by want to buy growth and if growth is
Ponzi schemes will go a long way in improving the non-performing asset economic growth and employment. Spending on capital rather than revenue
expenditure creates or expands capacity to sustain long-term growth as coming in, all these things will be
situation. Tax cuts at the base level will keep more money in the hands of overlooked. They will find positives
consumers and boost consumption. From the equity-market perspective, well. The Budget has major incentives for affordable housing, including
infrastructure status to the sector, and increase in area threshold for hous- even in a bad state election result.
this Budget focuses on reviving consumption and rural economy post- So, there is a bid, I think that is okay
demonetisation. Continued impetus on infrastructure creation also augurs ing units. This will spur investm1ent in the sector. If we go by the experience
of the US and China, there has been a strong correlation between the and it will so happen as you rightly
well. Overall, the FY18 Budget is ahead of expectations, with more money pointed out which is that at some
in the hands of the consumer, higher tax revenue through better tax com- housing sector and economic growth .Investment in housing spurs employ-
ment and has a cascading impact on demand for input sectors. Stock stage we may go ahead of the fun-
pliance, higher growth in capex, and the government's intent to maintain damentals and then we will come
the path of fiscal prudence. market investors were concerned. They are now pleasantly surprised. The
bulls have several reasons to rejoice. back and check.
(Cont. on P. No. 10)
Grand Success Story of Date Stock Reco.
Rate
Target Achieved
(Rs.) Rate
Return
(%)
Date Stock Reco.
Rate
Target Achieved
(Rs.) Rate
Return
(%)
Dow Scheme 8th Jan-16 ASM TECHNO
27th Jan-16 ASHOKA BUILD
195
192
230-300
230
220
SL
13% 22nd July 16
28th July 16
AARTI IND
MAGMA FIN
553
106
620-625
135-140
765
125.65
38%
19%
After grand success of our Website www.smartinvestment.in & Our Pub- 5th Feb-16 SWISS GLASS 118 150 172 46% 3rd Aug 16 GARWARE WALL 453 535-540 650 43%
lications, Smart Investment Weekly (Gujarati & English), Smart Plus News 19th Feb-16 ELEGANT MARBLE 95 125 164 73% 5th Aug 16 ION EXCHANGE 327 445-450 345 6%
Letter & Smart Bonanza (Gujarati Weekly), Smart Investment proudly an- 3rd March SHIVALIK BI 22 27-35 57.6 162% 12th Aug 16 IOL CHEM 137 175-275 156 14%
nounces launch of DOW wherein subscribers to this service will be given 8th March SUDARSHAN CHE 86 115 455 429% 18th Aug 16 SAMBANDAM SPI 113 130-140 143 27%
22nd Aug 16 SUBEX 12.65 16.5-18.4 13.5 7%
through SMS/Email Breaking News and Other Buy / Sell Ideas which happen 21st March J K TYRE 83 105-135 161.4 94%
31st Aug 16 IDFC 58.25 70 71.3 22%
during the week i.e. during the interval of publication of our 2 issues. 21st March NHPC 21.85 27-32 30.8 41%
8th Sep 16 IRB INFRA 242 270-285 266.4 10%
Such information will be ahead of our competitors and will enable sub- 29th March LLOYD ELE 235 300 340 45% 8th Sep 16 TALBROS ENG 238 255-260 359 51%
scribers to reap rich dividend in short term/few days as well as early entry for 5th April-16 ELECON ENG 59 75 74 25% 16th Sep 16 NOCIL 68 85 82.45 21%
LongTerm Wealth creation. Investors interested to subscribe to DOW can 5th April-16 MAN IND 68 85 75 10% 21st Sep 16 CONART ENG 40 48 58 45%
provide their Mobile no and email id and make payment of 8th April-16 SURYALAKSHMI COTTON 112 130-175 165.5 48% 23rd Sep 16 KEI IND 120.5 140-170 146.4 21%
8th April-16 SUBEX 10.1 13.75-16.5 14.25 41% 29th Sep 16 DYNAMIC IND 60 70-75 82.9 38%
We had recommended (1) Goldian International @ Rs. 13th Apr.-16 CAREER POINT 118 135-175 142 20% 29th Sep 16 GSFC 77 101 121.5 58%
28, it zoomed to Rs. 79 levels. (2) On 2nd Feb. We had 13th Apr.-16 KLRF 58 75-110 70 21% 5th Oct 16 MAGMA FIN 116 140 125.65 8%
Recomm. Subex just Rs. 10.60 and stock jumped to 12.10 26th Apr.-16 BENGAL TEA 50 60-65 63.5 27% 19th Oct 16 JINDAL POLY 429 460-490 447 4%
29th Apr.-16 WALCHAND PEOPLE 106 145 212 100% 25th Oct 16 A2Z INFRA 40.75 50 51.45 26%
on 3rd Feb. 3rd May-16 IOL CHEM 103 150-250 156 51% 30th Oct 16 JENBRUKT PHARMA 482 700 572.5 19%

Rs 5000/- (for 1 year) 5th May-16 INDIGO

6th May-16 PPAP AUTO
1075
144
1200
175-200
1095
214.5
2%
49%
30th Oct 16
4th Nov 16
ADVANCED ENZ
MAFATLAL IND
2125
443
2700
425-500
2375.5
448
12%
1%

in favour of Archi Publications

4th Nov 16 ABC BEARINGS 174 210-250 178 2%
13th May-16 HP COTTON 53 75 58 9%
2nd Dec 16 MRPL 100 119-138-149 116 16%
16th May-16 GANDHI SPE TUBE 235 300 352 50%
9th Dec 16 SONATA SOFT 164 195 224 37%
Contact : (M) 9825006980 & 9979330348 16th May-16 BAJAJ ELE 233 265 282 21% 16th Dec 16 INDIA GLYCOL 137 180-200 175 28%
19th May-16 ITD CEMENT 127 175 176 39%
smartinvest25@gmail.com , smartinvest25@yaoo.in 19th May-16 ASM TECHNO 195 220 203 4%
30th Dec 16
30th Dec 16
MADHAV MARBLE
ORIENT BEVERAGES
59
160
64-66
170-172
65.8
179
12%
12%
Web : www.smartinvestment.in 27th May-16 KUSHAL TRADE
3rd June-16 J M FIN
145
47
175-225
56-59-65
611.1
90.9
321%
93%
4th Jan 17
5th Jan 17
RAIN IND
MAGNGALORE CHEM
56.5
48.2
70
55-60
79.4
59.9
41%
24%
Bank Details 9th June-16 BAJAJ ELE 232 300 282 22% 6th Jan 17 INDO RAMA 34.25 36-37 36.7 7%
HDFC Bank : Current A/c No. : 00062560008858 20th June-16 GAEL
24th June-16 IOL CHEM
58
136
75-85
175-275
103.3
156
78%
15%
11th Jan 17
13th Jan 17
TRIDENT
PITTI LAMINATIONS
62.5
60
75-100
63-65
70.4
65.4
13%
9%
Beneficiary Name : Archi Publications 1st July 16 IL&FS TRANS 78.5 95-105 124.8 59% 20th Jan 17 SUPER CROP SAFE 136 225 154 13%
27th Jan 17 IHTL 192 202 202 5%
RTGS / NEFT IFSC : HDFC0000006 7th Junly 16 NETWORK18 45.5 64-71 49.25 8%
2nd Feb 17 SUBEX 10.6 13-14 12.15 15%
15th July 16 SARDA ENERGY 141 180-200 296.2 110%
Navrangpura Branch, Ahmedabad-380009.
Printed by Dilip K. Shah, Published by Dilip K. Shah, Owner by Dilip K. Shah. Printed at Allied Offset Printer Pvt. Ltd. 14/2, Kalidas Mill Compound, Gomtipur, Ahmedabad-
380021. Published from 311 to 313, Nalanda Enclave, Opp. Sudama Resorts, Pritam Nagar1st Dhal, Ellisbridge, Ahmedabad. Editor : Dilip K. Shah