Web: WWW - Smartinvestment.in: Phone: 079 - 2657 66 39 Fax: 079 - 2657 99 96

Only Financial Weekly Published in
English & Gujarati Language
Editor : Dilip K. Shah

ARCHI PUBLICATIONS
311 to 313, Nalanda Enclave, Pritamnagar 1st Dhal, Ellisbridge,
Ahmedabad-6. GUJARAT, INDIA
Phone : 079 - 2657 66 39

Fax : 079 - 2657 99 96
E-mail :
smartinvest25@gmail.com
smartinvest25@yahoo.in
web : www.smartinvestment.in
11000 & 21000 are
IMP supports
for Nifty & Banknifty
Corrections Are Temporary,
Growth Is Permanent
August Kranti for Indian companies
Raise Rs. 26,000 crore through QIP
Should one
BSE SME IPO of apply to the Rights issues of
Trekkingtoes.com to rights issue Spencer Retail, Satin
open at a fixed price of of Satin Creditcare, and Minda
Rs. 105 of August 18 Creditcare at Ind. in market
Rs. 60 apiece? this week
Government to allot Rs. 10,000 crore Fund of Funds to MSMEs

Rights issues of Refex Ind., M&M Financial, and
Gateway Distriparks closed last week
TIME FOR A Profit Second week of
CORRECTION August turned
booking negative
BEARS TRYING
can be Indices dances to
TO MAKE A
Expected the tune of
COMEBACK
..... !!! Reliance Ind.
Only Financial Weekly Published in English & Gujarati
GAMC No. :1703/2018-20. Issued by SSP Ahd. Valid up to 31-12-2020

RNI No : GUJENG / 2008 / 24320
According to the Indian Newspaper Society,

newspapers can collect fines from the
administrator of the WhatsApp group
It is illegal to broadcast PDF copy of
Newspaper on WhatsApp & Telegram group,
action can be taken on group admin
In the period of lockdown, Newspapers are facing challenges re-
lated to distribution on the one hand, on the other hand, their e-paper
copy and digital piracy incidents have also increased. This is caus-
ing loss of revenue to newspapers. In view of this, the Indian News-
paper Society (INS) has warned that it is illegal to download pages
from e-papers of newspapers and circulate their PDF file in WhatsApp
or Telegram Group.
Newspapers can take stringent legal and heavy penalties against
a person who illegally circulates on social media by copying e-paper
or portions thereof. Administrators of that WhatsApp or Telegram
group will be held responsible for illegally circulating e-copy of news-
paper in such a group.
Warning :- Your soft Copy (E-mail Edition) is for your exclusive use only. Any attempt to share your copy
or forwarding your copy to a non-subscriber will disqualify your membership & we will be compelled to
stop your supply and forfeit your subscription thereafter without any refund to you.
:: Shree Ganeshay Namh ::
Only Financial Weekly Published in English & Gujarati Page
73
GAMC No. :1703/2018-20. Issued by SSP Ahd. Valid up to 31-12-2020

VOL : 13 • Issue No: 27 RNI No : GUJENG / 2008 / 24320 16th Aug. 2020 to 22nd Aug. 2020
FII Activity (Rs. in Cr.)

Date Buy Value Sell Value Net Value
10-08-20 4892.69 4589.81 302.88
11-08-20 6227.7 5214.04 1013.66
12-08-20 4938.95 4587.8 351.15
13-08-20 4569.17 4152.89 416.28
14-08-20 5184.05 5137.66 46.39
TOTAL 25812.56 23682.2 2130.36
DII Activity (Rs. in Cr.)
Date Buy Value Sell Value Net Value
10-08-20 3963.32 4468.24 -504.92
11-08-20 2759.01 4174.55 -1415.54
12-08-20 3560.3 4499.97 -939.67
13-08-20 3693.86 4457.4 -763.54
14-08-20 3255.49 4052.57 -797.08
TOTAL 17231.98 21652.73 -4420.75
Most Popular Webstie for the Stock Market Investors
www.smartinvestment.in
Caution : Please note that your copy/access to our website is for your exclusive use only. Any attempt to share your
access to our website or forwarding your copy to a non-subscriber will disqualify your membership and we will be
compelled to stop your supply and forfeit your subscription thereafter without any refund to you.
Please send your Subscription as early as possible if you want to read or download these
73 pages E-mail Edition of Smart Investment (Financial Weekly)
Click on our previous Edition of Smart Investment for Free Sample (Demonstration)
For More Detail E-mail to: smartinvest25@gmail.com
Financial Weekly
SMART 16th August 2020 to 22 nd

August 2020 5
INVESTMENT
D(en)O(f)W(ealth)
After grand success of our Website www.smartinvestment.in & Our Publications, Smart Investment Weekly (Gujarati &
English), Smart Plus News Letter & Smart Bonanza (Gujarati Weekly), Smart Investment proudly announces launch of DOW
wherein subscribers to this service will be given through SMS/Email Breaking News and Other Buy / Sell Ideas which happen
during the week i.e. during the interval of publication of our 2 issues.
Such information will be ahead of our competitors and will enable subscribers to reap rich dividend in short term/few days
as well as early entry for LongTerm Wealth creation. Investors interested to subscribe to DOW can provide their Mobile no
and email id and make payment of
Rs 5000/- (for 1 year) in favour of Archi Publications
Performance of our last Recommendation
Stocks Reco Date Reco Price Target High After Recomm.
PLASTIBLEND India 1st June 20 160 190-200 Target Achieved
Moldtech Techno 3rd June 20 41 55-60 45.5
KALPATARU POWER 5th June 20 218 245 Exit at 215
MOIL 5th June 20 141 165 Book profit at 154
TALBROS AUTO 5th June 20 101 120-125 Exit at 100
ALBERT DAVID 5th June 20 525 600-625 First kissed
557 and SL click later
IBULLS HSG FIN 10th June 20 152.5 175 263.45
MAHESHWARI LOG 10th June 20 188 225 Stop loss
Rain Industries 18th June 20 76 85 116.9
MIDHANI 18th June 20 210 227-235 230
DBL 24th June 20 293-280 325-350 Made a high of
360 on 14th August
KEI IND 2nd July 20 351 390-400 Made a high of
398 on 13th July
SRIKALHASTI PIPES 3rd July 20 190 225-235 made a high of
224 on 15th July
MEGHMANI ORG 9th July 20 58 70-75 Made a high of
72.4 on 14th August
NOCIL14th July 20 105 120-125 Made a high of
119.3 on 12th August
SHIVA AGRO 24th July 20 28 35 Target achieved
VINATI ORGANICS 5th August 20 985-965 1045-1080 Made a high of 1028
T N PETRO 5th August 20 36 46-50 Made a high of 41.7
on 12th August
PONNI SUGAR 7th August 20 177 220-225 Range bound
Cybertech 13th August 20 56 65-70 Range bound
Man Industries 14th August 20 57 65-70 Made a high of
63.50 in intraday trade only
Contact : (M) 9825006980 & 9979330348

smartinvest25@gmail.com , smartinvest25@yaoo.in
HDFC Bank : Current A/c No. : 00062560008858
Bank Beneficiary Name : Archi Publications
Details RTGS / NEFT IFSC : HDFC0000006
Navrangpura Branch, Ahmedabad-380009.
Financial Weekly

August 2020 6
INVESTMENT
Financial Weekly

August 2020 7
INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
jatinsanghavi100@yahoo.com
TIME FOR A CORRECTION

BEARS TRYING TO MAKE A COMEBACK
After a long time, the Bears seem to be making a comeback of sorts, which was visible in the late
afternoon fall on Friday. The Bulls seem exhausted after witnessing a sharp vertical rise of over
51% in the Nifty. After dropping from a high of 86 to a low of 16, the Volatility Index, India VIX,
seems to have bottomed out and is making a comeback. Repeated failure of Nifty to cross the
Weekly Rising Trendline (11395), which is also the upper boundary of the Trading Range (10850-
11400), is a cause of concern for the Bulls. Smaller Rising Wedge has been completed and the fall
will now accentuate if Nifty closes below the steep Rising Trendline at 11155. Once again Mid &
Small Cap Indices have outperformed the Nifty for the past week, and looks set to continue with
their out-performance.
TECHNICALLY SPEAKING.
Sensex opened the week at 38168, made a high of 38556, low of 37654 and closed the week at
37877. Thus it closed the week with a loss of 163 points. At the same time the Nifty opened the
week at 11270, made a high of 11373, low of 11111 and closed the week at 11178. Thus the Nifty
closed the week with a loss of 36 points.
On the daily charts, both the indices have formed a Big Black body candle after forming neutral
formations for past seven trading sessions. As for the weekly timeframe, both the indices have
formed a small Black body Spinning Top. Thus Candlestick pattern suggests a Bearish bias in the
near term.
The indices are in a Trading Range between Sensex 36900 to 38700 and Nifty 10850-11400.
Cont...
This Weeks Recommendations
Rec. Name CMP SL TGT-1 TGT-2
Buy Lupin 1018 986 1067 1117
Buy L&T 982 964 1009 1038
Buy LindeIndia 734 718 759 785
Buy BajajElec 468 457 485 503
Buy IDFCFirst 30 29 32 34
:::: INDEX LEVELS ::::
S3 S2 S1 CLOSE R1 R2 R3
NIFTY 10751 10882 11035 11178 11341 11490 11614
SENSEX 36416 36950 37415 37877 38556 39087 39563
Financial Weekly

August 2020 8
INVESTMENT
The Upper Boundary of this Trading Range is defined by the historical Weekly Trendline (Sensex
38719 and Nifty 11395) obtained by joining the critical bottoms made in October 2018 and August
2019. Repeated failure to cross the Upper Boundary will lead the indices to test the Lower Bound-
ary which is defined by the critical 200dma (Sensex 36857 and Nifty 10842). A break of upper
boundary will lead the Nifty to Resistance offered by daily Bearish Gap at 11384-11536. A break of
lower boundary defined by 200dma, can lead the indices down to test the higher bottom at Sensex
35877 and Nifty 10562.
The daily steep Trendline (Sensex 37630 and Nifty 11155) which continues to support the Mar-
ket, since the start of this current upward Rally, is also a part of Rising Wedge pattern. Closing
below this Trendline will complete the Bearish Rising Wedge pattern and the Targets will be at
Sensex 35332 and Nifty 10341. Further Bearishness can lead to lower Targets of Sensex 33823
and Nifty 10072. Only a Close above Sensex 38617 and Nifty 11373 will negate the Bearish Pat-
tern.
Both the indices tested and have just managed to close above the Short term average of 20dma
(Sensex - 37941 and Nifty - 11171). But both the indices continue to remain above the Medium
term average of 50dma (Sensex - 36309 and Nifty 10701) as well as the Long term average of
200dma (Sensex - 36857 and Nifty - 10842). Thus the Trend in the Short term Timeframe is still
Upwards, whereas the Trend in the Medium term as well as Long term Timeframe also continues
to be Bullish.
MACD as well as Price ROC continue in Sell mode. RSI (57) has dropped but still suggests
diminishing bullish momentum. Stochastic Oscillator %K (77) is below %D and hence in Sell mode.
ADX (36) suggests UpTrend still has strength. Directional Indicators continue in Buy mode as +DI
continues above -DI. MFI (58) suggests Positive Money Flow. OBV continues in Buy mode. Nega-
tive Divergence of the first order observed in MACD, RSI, Stochastic Oscillator and MFI is a cause
of concern. Thus Oscillators are suggesting a Bearish bias.
Options data for August series indicate highest Call Open Interest at the strike of 11500. Highest
Put build-up is at the strike of 11000. Thus Options data suggest a short term trading range with
Resistance @ 11500 & Support @ 11000.
Buy... Buy... Buy on Dips Hold Sell on High

Shangar Decor 81.00 Britannia Ind. 3801.00 IGL 387.00
Dishman Carbogen 185.00
Elgi Equipment 247.00 Polycab India 874.00 ITD Cementaion 43.00
Chola Invest 218.00
JSW Energy 56.00 Novartis India 652.00 Hero Moto 2805.00
Lincoln Pharma 214.00
M&M Fin. 133.00 BEML 699.00 BOSCH 13712.00
KEC Intl. 307.00
Quick Heal 126.00 IndiaMart 2919.00 Tata Motors 124.00
City Union Bank 121.00
BHEL 37.00 Muthoot Fin. 1212.00 Maruti 6587.00
Venkey’s (I) 1350.00
Apollo Tyres 129.00 Godrej Consumer 684.00 BPCL 420.00
Jubilant Ind. 163.00
Waterbase 109.00 HAL 1295.00 Unichem Lab. 246.00
Canara Bank 101.00
Roto Pumps 94.00 Tech Mahindra 695.00 Caplin Points 547.00
Shakti Pumps 177.00
Redington 109.00 Orissa Minerals 2695.00 HUL 2174.00
G.M. Breweries 410.00
Speciality Retail 35.00 Asian Paints 1801.00 Tata Chemicals 294.00
M&M Fin. 133.00
Financial Weekly

August 2020 9
INVESTMENT
MOVE FORWARD
BPS RAJA (Mumbai) E-mail bpsraja@gmail.com
Amines & Plasticizers Limited

A multibagger in the making
BSE: 506248Rs.52 . (Rs2 paid) 10% div. Capital Rs.11 Cr. Projected NP Rs.30 Cr. As
the management holds 75% of the shares floating stock is small. Any good buying can push up the
share. Earlier it has gone as high as Rs80. is the pioneer and one of the largest producers of
Ethanolamines, Alkyl Alkanolamines, Morpholine Derivatives like NMMO 50% & Gas Treating
Solvents in India.
APL has also now diversified its activities into producing various Specialty Ethoxylates and
Propoxylates, Block polymers and Co-Polymers of EO and PO
In the field of Ethanolamines and Alkyl Alkanolamines APL is serving approximately 75-80% of
the total demand of the Indian Market and is regularly exporting its products to over 50 countries
globally including USA, Canada, Germany, New Zealand, South Korea, South East Asia, Japan,
Australia and the Middle East countries etc.
APL pioneered the manufacturing of Methyl Diethanolamine (MDEA) in India, an Ethylene Ox-
ide derivative for which APL was rewarded the highest Award by the Government of India. APL is
constantly striving to develop new products through its R&D efforts so as to expand its current
product range to meet customer requirements.
APL through its Specialty Amines Group caters to the total sour gas treatment requirements of
Refineries, Natural Gas Plants, Steel Plants, Bio Gas Plant and Ammonia Plants etc. and has
offered the technology for the first time in India.
Financial Results (12 months ended FY 19-20) - YoY Comparison
The company has reported total income of Rs.403.19 crores during the 12 months period ended
Cont....
Financial Weekly

August 2020 10
INVESTMENT
March 31, 2020 as compared to Rs.457.67 crores during the 12 months period ended March 31,
2019.
The company has posted net profit of Rs.24.60 crores for the 12 months period ended March31,
2020 as against net profit / (loss) of Rs.16.43 crores for the 12 months period ended March 31,
2019.
The company has reported EPS of Rs.4.47 for the 12 months period ended March 31, 2020
ascompared to Rs.2.99 for the 12 months period ended March 31, 2019.
Financials Year Ended FY19-20 Year Ended FY18-19 % Change
Total Income 403.19 crs 457.67 crs -11.9%
Net Profit 24.60 crs 16.43 crs 49.73%
EPS 4.47 2.99 49.5%
NO IMPACT FROM COVID 19 : When all are reporting poor June quarter
results Amines & Plasticizers has shown improved results during this period:
The company has reported total income of Rs.76.76 crores during the period ended June 30,
2020 as compared to Rs.108.10 crores during the period ended June 30, 2019.
The company has posted net profit of Rs.7.61 crores for the period ended June 30, 2020 as
against net profit) of Rs.5.93 crores for the period ended June 30, 2019.
The company has reported EPS of Rs.1.38 for the period ended June 30, 2020 as compared to
Rs.1.08 for the period ended June 30, 2019.
Financials Q1 FY2020-21 Q1 FY2019-20 % Change
Total Income 76.76 crs 108.10 crs -28.99%
Net Profit 7.61 crs 5.93 crs 28.33%
EPS 1.38 1.08 27.78%
Cont....
Financial Weekly

August 2020 11
INVESTMENT
INDIA BULLS VENTURES

ANOTHER BAJAJ FINANCE IN THE MAKING?
BSE: 532960 | NSE: IBVENTURES. Face value Rs.2 CMP Rs169. FII hold-
ings 25%.That shows the confidence of the foreign investors
The share has only recently risen above the share price of buy back that was at Rs150. IB
Venture bought back shares worth Rs1000 Cr. THAT SHOWS THAT THE CO IS CASH RICH
SUDDEN CHANGE OF FORTUNES : In order to up the position of

Chief Executive Officer of Indiabulls Ventures Ltd, Mr. Sameer Gehlaut has relinquished the office
of Executive Chairman of Indiabulls Housing Finance Ltd.Mr. Gehlaut informed the board of
Indiabulls Housing Finance Ltd that he would like to focus full time on the Chief Executive's role in
Indiabulls Ventures Ltd for growing it's consumer business in finance and healthcare this news iss
driving the counter in the last few days as the share is gathering momentum
(i) Indiabulls Ventures Limited is one of India's leading capital market companies providing se-
curities and derivative broking services. The company is registered with SEBI as a Stock Broker, a
Depository Participant, a Research Analyst and a Merchant Banker in Category I. The Company's
equity shares are listed on the National Stock Exchange of India Limited and BSE Limited and its
Global Depository Receipts (GDRs) are listed on the Luxembourg Stock Exchange. The com-
bined market capitalization of these companies for the financial year 2017-18 was Rs. 75,838.2 Cr.
(ii) The company's subsidiary, Indiabulls Commodities Limited, provides commodity services in
MCX and NCDEX exchanges. Indiabulls Ventures was the first Company to be assigned the BQ-
1 grading by CRISIL, which is the highest broker quality grading and is a reflection of the financial
stability, strong fundamentals, and stringent risk management controls that the Company possesses.
Brickworks Ratings has also assigned a strong credit rating of BWR A+ and BWR A1+ for its fund
and non-fund based facilities.
(iii) The company is a pioneer of the online trading platform in the country. The company pro-
vides its healthy client base, in excess of 7 lacs, with investment solutions across asset classes
through a dedicated sales team of more than 900 individuals across 18+ cities. The company is
also engaged in the marketing of non-discretionary wealth management products through its sub-
sidiaries.
(iv) Indiabulls Ventures is a part of the Indiabulls Group, which is one of the country's leading
business houses with interests in housing finance, real estate, securities, personal financing, con-
struction equipment leasing, and facilities sector. The group had combined revenues of over Rs.
22,114.9 Cr. and PAT of over Rs. 6,072.2 Cr. as on the 31st of March 2018.
Cont....
Financial Weekly

August 2020 12
INVESTMENT
MARKET SIZZLERS :
In spite of the CO VID 19 pandemonium the June quarter results of Megmani Organics is very
progressive. It has already broken its resistance at Rs. 68 and reached Rs. 73. From here the next
target is 80 and if the environment remains good should be able to reach the three figures by the
time of the next quarter results.
DAIKAFFIL CHEMICALS : one should keep a close watch on this counter

and any time if it goes below Rs30 mark one can accumulate. After many years it has crossed the
30 mark and reached 35 with informed buying.
PENNY STOCK PICKS :Following counters are turning up into big speculative
dens:
Ratan India Power: (Rs.3.70) Huge volumes but so far not hitting the
circuits
Vikas Eco System ; Shares are steadily rising and now have touched Rs11. The
co has used the insurance money to rebuild its plant and likely to report better results in the next
quarter.
CCCL : Going at just 30 paise. (Consolidated Construction consortium) Rs. 2 paid
MINDTECK BSE: 517344 | NSE: MINDTECK Rs.28A case of turn

around keep a close watch as the co has turned profitable
The company's consolidated revenue for the quarter stood at Rs. 68.62 crores as against Rs.
70.70 crores for the previous quarter ended March 31, 2020. Consolidated net profit for the quarter
stood at Rs. 1.67 crores as against a loss of Rs. 40.86 crores for the previous quarter. Read what
the co says about itself
Mindteck Breaking uncharted grounds in product engineering and information technology with
over 21 years of experience and a strong focus on offering exceptional engineering value to verti-
cals such as Life Sciences, Smart Energy, Banking, Financial Services and Insurance, Semicon-
ductor and Public Sector we have helped many of the worlds top 2,000 companies with our end-to-
end technology services. Mindteck offers a precise mix of expertise and innovation to address
challenges appearing on the horizon that would reshape the future of technological adoption. We
harness our depth of experience in various industries with emphasis on solving business critical
issues of our clients thro
Financial Weekly

August 2020 13
INVESTMENT
Financial Weekly
follow us SMART
INVESTMENT
Install the app (Telegram & Instagram)
to follow our latest update
Now......
we are on Instagram as
smartinvestment.in
&
We're on Telegram now too
https://t.me/smartinvest_25
Smart Investment Website Index
5555 hits only 1 Week
Total number of Hits
1,39,45,55
Kuber Bhandar of earnings
Future - Options, Stock - Watch, Funda - Picks,
Technical Shares, Speculative Scrips, Primary Market,
Financial Weekly

August 2020 14
INVESTMENT
Rapid Fire Stocks
Kalpna J (Email- Kjtech79@gmail.com)

(Ring : 97690 37711) Twitter : @Kj_TechTrades
Hindustan Unilever Limited

Buy at CMP : 2173, Target - 2444 to 2750 ,
Time Frame 2 to 18 Months (Add in All Dips)
Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods com-
pany with a heritage of over 80 years in India. On any given day, nine out of ten Indian
households use our products to feel good, look good and get more out of life – giving us a
unique opportunity to build a brighter future.
HUL works to create a better future every day and helps people feel good, look good and
get more out of life with brands and services that are good for them and good for others.
With over 35 brands spanning 20 distinct categories such as soaps, detergents, sham-
poos, skin care, toothpastes, deodorants, cosmetics, tea, coffee, packaged foods, ice cream,
and water purifiers, the Company is a part of the everyday life of millions of consumers
across India. Its portfolio includes leading household brands such as Lux, Lifebuoy, Surf
Excel, Rin, Wheel, Fair & Lovely, Pond’s, Vaseline, Lakmé, Dove, Clinic Plus, Sunsilk,
Pepsodent, Closeup, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall’s and Pureit.
The Company has about 21,000 employees and has sales of INR 38,273 crores (the
financial year 2019-20). HUL is a subsidiary of Unilever, one of the world’s leading suppliers
of Food, Home Care, Personal Care and Refreshment products with sales in over 190 coun-
tries and an annual sales turnover of €52 billion in 2019. Unilever has over 67% shareholding
in HUL.
Cont....
Financial Weekly

August 2020 15
INVESTMENT
Asian Paints
Buy At CMP 1801 For Target Of To 1950 - 2250 ,
Time Frame - 9 Months To 18Months,( Accumulate / Add In SIP Mode)
Asian Paints on January 22 reported a 20.5 percent growth in consolidated profit, in the
December quarter, driven by lower tax cost and good operating performance.
The profit had increased to Rs 779.71 crore from Rs 647.28 crore during the same period
last year. Revenue from operations was at Rs 5,420.28, up 3 percent year-on-year.
The company’s earnings before interest, tax, depreciation and amortisation (EBITDA)
grew by 7.7 percent year-on-year to Rs 1,189.4 crore, and margin expanded 96bps to 21.94
percent in the December quarter – both better than analysts’ estimates
Asian Paints is India’s leading paint company with a group turnover of Rs 193.50 billion.
The group has an enviable reputation in the corporate world for professionalism, fast track
growth, and building shareholder equity. Asian Paints operates in 15 countries and has 26
paint manufacturing facilities in the world servicing consumers in over 60 countries. Besides
Cont....
Rapid Fire Stocks

Get Expert tips on Share Trading
With Personal Assistance for your Trades
and Capital Protection at a Very Nominal Cost
Let the Experts Guide Whatsapp
you towards the @
journey of Profits !
9769037711
Financial Weekly

August 2020 16
INVESTMENT
Asian Paints, the group operates around the world through its subsidiaries Asian Paints
Berger, Apco Coatings, SCIB Paints, Taubmans, Causeway Paints and Kadisco Asian Paints.
Asian Paints manufactures wide range of paints for Decorative and Industrial use.
In Decorative paints, Asian Paints is present in all the four segments v.i.z Interior Wall
Finishes, Exterior Wall Finishes, Enamels and Wood Finishes. It also offers Water proofing,
wall coverings and adhesives in its product portfolio.
Asian Paints also operates through ‘PPG Asian Paints Pvt Ltd’ (50:50 JV between Asian
Paints and PPG Inc, USA, one of the largest automotive coatings manufacturer in the world)
to service the increasing requirements of the Indian automotive coatings market. The sec-
ond 50:50 JV with PPG named ‘Asian Paints PPG Pvt Ltd’ services the protective, industrial
powder, industrial containers and light industrial coatings markets in India.
Vertical integration has seen Asian Paints diversify into chemical products such as Ph-
thalic Anhydride and Pentaerythritol, which are used in the paint manufacturing process.
The company has discontinued production of Phthalic Anhydride from end of July 2017.
In the Home Improvement and Décor category, the company is present in the Kitchen and
Bath fittings space and offers various products under Sleek and Ess Ess brand respectively.
Global Presence
Today, the Asian Paints group operates in 15 countries across the world across four
regions viz. Asia, Middle East, South Pacific and Africa through the eight corporate brands
viz. Asian Paints, Asian Paints Berger, SCIB Paints, Apco Coatings, Taubmans, Causeway
Paints and Kadisco.
Asian Paints in India, Bangladesh, Nepal, Sri Lanka and Indonesia (Asia)
Causeway Paints in Sri Lanka (Asia)
SCIB Paints in Egypt (Africa)
Asian Paints Berger in UAE, Bahrain and Oman (Middle East);
Apco Coatings in Fiji, Tonga, Solomon Islands and Vanuatu (South Pacific)
Kadisco Asian Paints in Ethiopia (Africa)
Taubmans in Fiji and Samoa (South Pacific)
Financial Weekly

August 2020 17
INVESTMENT
Jignesh R Mehta
(SEBI Registered Research Analyst)
E-mail : support@kiranjadhav.com
Website : www.KiranJadhav.com
Phone: 9327 11 3344 / 9328 11 33 44
Twitter: @jigneshrmehta
11000 & 21000 are IMP supports for Nifty & Banknifty
Synopsys for the concluded week:
Both our benchmark indices NIFTY and BANKNIFTY started with some up ticks for first 4 days
of the concluded week as even everything from global front seem to be hunky-dory. But the end
day of the week i.e. Friday remained the spoilsport for the week. The selling suddenly creep in to a
monstrous selloff post mid-day of the Friday session. Global cues that were coming from global
front created selling spree. However even with that note our markets did not gave up heavily for the
week but posted some negative returns for the week i.e. -0.32% and -0.34% on NIFTY and
BANKNIFTY respectively. This time MIDCAP and SMALLCAP outperformed their larger counter
parts with +1.74% and +2.02% respectively. PHARMA, METAL and MEDIA were the three sectors
which shine out from the rest with outperformance of +2.71%, +3.95% & +4.78% respectively.
Technical View on Nifty

Attached chart 1 is a daily chart of NIFTY. Here once again we found out the same structure
which we have been pointing out since post MARCH 2020. It is simple and clear higher tops and
higher bottoms. Till the time this structure is not changed, we will continue to stick to our analysis of
same up trending yellow support line. Yes, this time around the NIFTY spot has gone quite near to
the support line but support line is still intact. We believe 11000 is crucial support and as long as it
is being held, our biased will be to remain towards the bull's side. Even if the 11000 is taken away,
we will not be short term bearish until 10882 is taken away on lower side which is earlier low.
Chart 1: Nifty - Daily

Cont...
Financial Weekly

August 2020 18
INVESTMENT
Technical View on Bank Nifty:

Attached chart 2is a daily chart of BANKNIFTY. Even here the chart analysis here re-
mains same from that of our earlier analysis because the chart structure here is still to that
of higher tops and higher bottoms. As can be seen in the chart, the broader range of spot is
the up trending channel as shown. BANKNIFTY also has a support coming from the horizon-
tal line, joining from the earlier three lows sitting at 21000 kind of levels. The same horizontal
line is also drawn in the chart below. Till the time 21000 is held properly, we will remain
bullish.
Chart 2: Bank Nifty - Daily
Derivative Data:
WEEKLY OI: The total CALL OI is higher than the PUT OI. Highest CALL OI is coming
from 11300 levels, second highest CALL OI is accumulated at 11500 strike. Highest PUT OI
is accumulated at 11000 levels, second highest is at 10800 levels. For BANKNIFTY the
highest OI is accumulated on CALL SIDE now. Highest CALL OI is at 22500 then at 23000
strikes. PUT OI is highest at 21500 strike an then it is equally distributed at 21000 & 20500
strikes.
MONTHLY OI: On the monthly front the total PUT OI is very higher compare to total CALL
OI which is contrast to the weekly data. Highest CALL OI is at 11500 and 11300 kind of
levels. The PUT OI is very high at 11000 which is suggestive of strong support at 11000
levels. For BANKNIFTY the max CALL OI is at 23000 and then on 22500 strike. Max PUT OI
is at 21500 and then at 21000 strike.
NIFTY Support: Strong at 11000, BANKNIFTY Support: 21500
Nifty Resistance: 11300, BANKNIFY Resistance: Strong at 22500
PCR & FUTURE OI:
PCR is mildly declining on day end closing basis with FUTURE OI increasing. This is
slightly a bearish sign. However the PCR losing streaks if stopped and reversed then it could
change the sentiment to bulls side within no time because decline in PCR is very mild and
therefore this side of the coin also needs to be given thought to.
Cont...
Financial Weekly

August 2020 19
INVESTMENT
Forex:
USDINR chart have suggested the gains as anticipated in last week. Hence, rupee is
going to be weak against dollar is still what it looks prima facie. However for the short term
USDINR chart has support at 74.8 and resistance at 75.15. If at all 75.15 is breached, it can
go up to 75.5 kind of levels very quickly.
Crude:
Crude WTI future's chart is still consolidating between a small range of 3250 and 2950
kind of levels. Breach on either side can trigger the quick move towards that side is what we
believe. The consolidation that is happening between the given range is long enough to
create a quick possible move. So far the likeliness of upside move is more and hence we
have to watchful to the upside level of 3250 for now.
Wishing you a profitable week ahead!

Author:
JIGNESH R MEHTA
SEBI Registered Research Analyst
www.kiranjadhav.com
info@kiranjadhav.com
Phone: 9327 11 33 44 / 9328 11 33 44
Twitter: @jigneshrmehta
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
Vivimed Labs. 532660 16.80 Bajaj Ele. 500031 467.00
IDFC First Bank 539437 30.30 Blue Star 500067 541.00
Meghmani Org. 532865 69.00 Suven Pharma 543064 694.00
Marksans Ph. 524404 49.00 ION Exchange (I) 500214 685.00
First Source 532809 52.00 Voltas 500575 615.00
NMDC 526371 93.00 Shriram Trans. 511218 686.00
BEL 500049 113.00 Linde India 523457 735.00
Motherson Sumi 517334 119.00 Amar Raja Batt. 500008 742.00
Coal India 533278 131.00 L&T 500510 982.00
Dynemic Prod. 532707 211.00 Godrej Consumer 532424 684.00
Mishra Dhatu 541195 209.00 LUPIN 500257 1018.00
Kalpataru Power 522287 242.00 Astral Poly 532830 1045.00
Wockhardt 532300 322.00 Siemens 500550 1211.00
Adani Ports 532921 348.00 Amber Enterprise 540902 1736.00
Cadila HC 532321 395.00 Teamlease 539658 2115.00
Financial Weekly

August 2020 20
INVESTMENT
REVIEW OF “SMART PLUS NEWS LETTER”

Amazing 25% RETURN
SMART GAIN FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
10-8-2020 High (%) 10-8-2020 High (%)
Dalmia Bharat Sugar126 144 14.29 SBI 191 203 6.28
Tube Investment 546 597 9.34 Aurobindo Pharma 906 949 4.75
Shilpa Medi. 599 665 11.02 Cadila HC 391 405 3.58
Astral Poly 1048 1089 3.91 Canara Bank 100 102 2
HIL 1553 1664 7.15 Torrent Pharma 2865 3011 5.1
Kansai Nerolac 459 483 5.23 Torrent Power 336 343 2.08
Keval Kiran 743 764 2.83 Suprajit Engg. 164 176 7.32
Cummins India 412 436 5.83 Aegis Logistics 208 213 2.4
United Breweries 965 988 2.38 JSPL 199 213 7.04
Apollo Hospital 1743 1785 2.41 PNB Housing 218 239 9.63
GMM Pfaudler 5059 6496 28.4 Exide Ind. 161 167 3.73
Aarti Drugs 1882 2353 25.03 Bajaj Steel 159 184 15.72
SRF 4080 4224 3.53 Tata Motors 119 131 10.08
Navin Flourine 1940 2127 9.64 Yes Bank 14 16 14.29
divis Labs. 2784 3117 11.96 JSW Energy 48 54 12.5
Deepak Nitrite 610 643 5.41 Megma Fincorp. 28 32 14.29
Tata Consumer 518 539 4.05 IDFC First Bank 28 31 10.71
UPL 480 493 2.71 L&T Fin. 63 65 3.17
Apollo Tyre 123 131 6.5 Rico Auto 28 31 10.71
Godrej Agrovet 464 493 6.25 Equitas 50 52 4
SUN TV 394 405 2.79 Sail 37 38 2.7
Adani Enter. 192 200 4.17 NIIT 90 99 10
ITC 196 204 4.08 S H Kelkar 79 81 2.53
Only Subscribers will get SMART PLUS NEWSLETTER

on their E-mail Address
Log on to..... www.smartinvestment.in
Financial Weekly

August 2020 21
INVESTMENT
Alternative Investment Returns Monitor

Price Price Return Return
6-8-19 6-8-2020 1 Week 1 Yr.
Gold 36,332 55,690 4.95% 53.28%
Silver 41,830 73,617 19.2% 75.99%
WTI Crude 53.63 42.19 5.69% -21.33%
Value of Rs. 1 Lakh Invested in Various Asset

(As on 24-6-2020) Sensex Gold Silver FD (SBI) PPF*
1 Year 100743.1 145920 145705.6 107000 107900
1 Year
Post Tax Returns 100668* 132144 131993 104900 107900
5 Year 135630.6 207072 175025 145240 151757
5 Year
Post Tax Returns 132067* 196364 167523 130232 151757
* Notes : Cumulative equity gains up to Rs. 1,00,000 in a financial year are tax free.
All post - tax returns are calculated for an individual in the 30% tax braket, without considering the indexation benefit
Top 5 SIPs Top 5 MIPs

Top 5 Equity Schemes based on Top 5 MIP Schemes based on 3
10 Yr. SIP Return yr. SWP returns
Scheme Name Return Scheme Name Return
Annualised Annualised
Mirae Asset Emerging 18.54 Baroda Conservative 7.96
SBI Small Cap. 17.34 I.B. Saving Income 7.54
Canara Robeco Emergin 16.13 ICICI Prudential 6.80
Principal Emergin 13.97 Canara Robeco 6.79
Axis Long Term 13.77 LIC MF Debt Hyrbid 6.34
Fast Growing Stocks Least Expensive Stocks Best PEGs Income Generators Least Risky
Higesht Expected Revenue The 5 Stocks with the Top 5 Stocks with the least Top 5 Stocks with the Top 5 Stocks With the
growth over the previous year lowest forward P/E price earning to growth ratio highest dividend yield lowest downside risk
Co. Name Revenue Co. Name Lowest Co. Name Earning Investor Earn as Div. for Co. Name Lowest
Growth(%) Forward PE (%) Grwoth Ratio Every Rs.100/- Invested Downside Risk
PI Industries 32 HG Infra 7.54 Dilip Buildcon 0.10 Co. Name Hig.Div. Yield Sanofi India 1.15
HDFC 30 PFIZER 8.25
NTPC 7.75 HG Infra Engg. 0.29 Dr. Reddy’s Lab. 1.21
Dixon Techno 28 SUN TV Network 6.58
Power Grid 8.59 NTPC 0.43 Solar Ind. 1.24
Engineers India 6.14
Granules India 27 Tata Power 9.44 Granules India 0.49 Syngene Int. 1.31
Embassy Office 5.08
HG Engg. 26 Zee Enter 9.77 Escorts 0.49 HUL 1.35
Power Grid 4.71
Financial Weekly

August 2020 22
INVESTMENT
IMPROVING REALISATIONS AND

CHEAPER RAW MATERIAL SHOULD
HELP PROFITABILITY, THOUGH DOMESTIC
DEMAND IS YET TO REACH PRE-COVID LEVEL
Tata Steel JSPL JSW SAIL
Steel
Revenues 142000 39237 84000 69771
% Change YoY 10.1 15.5 12.9 16.76
EBITDA 22900 8566 19500 10070
% Change YoY 62.4 2.7 77.3 27.05
PAT 5900 553 6800 2594
% Change YoY 90.7 385.7 221.9
20 out of 33 Nifty cos that have declared Q1

numbers have surpassed profit estimates
Company Revenue Net Profit LTP 3M
Profit Surprise Return
(%) (%)
SBI 69940 4777 190.70 191.05 11.95
Asian Paints 2923 218 140.66 1808.00 13.40
Ultratech Cement 7664 797 92.78 4006.80 23.18
Sun Pharma 7585 -1656 89.71 526.80 16.50
L&T 21260 303 85.06 917.75 11.53
Reliance Ind. 91238 13233 71.31 2143.60 43.59
Bajaj Finserv 14190 1215 63.33 6459.85 38.22
Britannia Ind. 3384 546 30.92 3895.00 33.60
Tech Mahindra 9106 972 29.90 665.85 28.99
HUL 10572 1898 21.97 2228.05 12.38
JSW Steel 11454 -561 20.87 240.05 39.40
Dr. Reddy’s Lab. 4427 579 16.65 4583.00 19.43
Tata Motors 31482 -8438 12.26 119.15 44.42
Wipro 17842 2931 9.21 690.70 34.96
Infosys 23665 4233 7.41 954.00 43.48
Financial Weekly

August 2020 23
INVESTMENT
Fancy Quality Stocks ? Pay Premium

Valuations Above Covid Levels
Price FY22 EPS (Rs) FY22 P/E (x)
Pre Post Pre Post Pre Post
Covid Covid Covid Covid Covid Covid
Reliance Ind. 1474 2146 107 93 14 23
CIPLA 446 733 33 32 14 23
Havells India 612 612 20 14 30 44
Eicher Motors 18704 21694 999 799 19 27
Torrent Pharma 2097 2937 86 89 24 33
Valuations Same or Below Covid Levels

Price FY22 EPS (Rs) FY22 P/E (x)
Pre Post Pre Post Pre Post
Covid Covid Covid Covid Covid Covid
Avenue Supermart 2408 2136 36 39 67 55
Bharti Airtel 565 560 13 14 42 40
Bajaj Auto 3146 3002 214 194 15 15
Tech Mah. 834 664 63 51 13 13
HUL 2255 2209 47 45 48 48
Which Stocks get a Defence Boost ?

Co. CMP Change YTD P/E 5Y AVG.
on Return P/E
Monday (%)
(%)
L&T 960 4.85 -26.05 15.15 26.02
HUL 1031.00 8.62 41.20 11.90 12.13
Bharat Electronics 108.00 9.17 8.25 14.46 20.79
Bharat Dynamics 437.00 4.29 48.57 14.99 12.05
Mishra Dhatu 213.20 4.10 36.32 24.99 20.45
Garden Reach 217.00 7.19 9.13 15.21 15.17
Astra Micro 114.45 5.63 37.89 22.51 27.45
Apollo Micro 128.35 3.72 74.51 19.01 10.93
BHEL 36.00 2.84 -16.57 -- 58.44
Bharat Forge 422.00 3.68 -12.49 56.30 32.81
Financial Weekly

August 2020 24
INVESTMENT
Reaction on Announcement of 1 lakh crore of support for the

agriculture sector and it's impact on the food industry
Mr. Sanjay Kumar, CEO & MD, Elior India
" The announcement by the Prime Minister of Rs.1 lakh crore being invested in
the agriculture sector is indeed much needed. It is critical that we improve the
agricultural productivity and reduce the waste of agricultural commodities in our
country. What is heartening to note is that some of these funds will be used for
building post-harvest technologies, facilities and for the development of ware-
housing infrastructure.
What would be a significant compliment to this would be the restoration of the
input tax credit on food sale. Because that will enable the investments being
made in the supply chain infrastructure to become remunerative, because if those
investments have to provide return based on bank loans then it becomes neces-
sary for the transactions to be recorded and currently the GST regime favours
cash transaction for purchase of agricultural commodities because of the removal
of input tax credit.
It is critical to note that whilst the Government is investing in developing this
infrastructure, the utility of that investment will basically be driven through private
consumption. In order to enable that it becomes critical that the tax on food con-
sumption is rationalised and input tax credit is restored. This could also as a spin-
off free private capital flowing into post-harvest technology and warehousing in-
frastructure development because it will then become critical to record your trans-
action and make sure that the investment which the bank is funding or private
capital is funding is able to secure a return.
We believe this is the first step in the right direction and we look forward to
more such initiatives to make India a strong and radiant economy since 70% of
our population still depends on agriculture for its livelihood. “
Financial Weekly

August 2020 25
INVESTMENT
Nifty finally gives up around 11350

Mr. Sameet Chavan
(Chief Analyst-Technical and Derivatives, Angel Broking)
“This week, our markets started off higher owing to favorable cues from the global peers. Subse-
quently, index slipped into a consolidation mode as the real focus shifts to the mid and small cap
universe. For the first four straight sessions, Nifty gyrated in a very slender range around 11300-
11350. The similar price behavior was witnessed on Friday as well during the first half. However,
all of a sudden, major global markets started correcting sharply which had a rub off effect on our
market as well. Nifty which was merely vacillating in a range of 80-100 points throughout the week,
finally succumbed to the selling pressure and went on to test the 11100 mark. Eventually, due to
modest recovery towards the fag end, Nifty concluded the week tad below 11200, marking more
than a percent loss on Friday.
Friday’s correction was no surprise to us as we have been consistently advocating caution in
our intra-week commentary as well as previous weekly report. Let us first understand why 11300 –
11350 is considered to be a sturdy wall. Firstly, the 78.6% retracement of the entire fall from 12430.50
to 7511.10 comes around it. Secondly, the 100% ‘Price Extension’ of the first up leg (7511.10 -
9889.05) from 8806.75 precisely coincides around 11300-11350. Now, if we take a look at the
daily chart, the ‘Head and Shoulder’ pattern is clearly visible and this is what we mentioned in our
daily commentary. Friday’s low precisely coincides with the neckline level of this pattern. Hence,
going ahead, a breach of 11100 would lead into an immediate correction towards 10975 – 10875.
Here, 10875 would be seen as a key support, because a breach of this would result in a strong
corrective move in the next few days. This was overall a price-wise hypothesis on Nifty; but we
would also like to highlight one time-wise observation as well. On the weekly chart, if we apply
‘Fibonacci Time Series’ from March lows, the current weekly candle ends 6th ‘Time Zone’ and is
entering a new one. Generally, such points are considered a potential reversal zone and hence,
one needs to be a bit cautious going forward as our anticipation may probably turn into a reality
below 11100.
Throughout this week, our benchmark did nothing and the real action was seen in the broader
market. As we all know, when mid and small cap counters start moving, it generally creates a
euphoric situation and this is exactly what we witnessed. Since the MIDCAP 50 was approaching
the ‘200-SMA’ on the weekly chart, we advised caution on Thursday and the index obliged to our
view. To summarize, we would like to mention that even if the market goes through some correc-
tive phase for some time, it will certainly not be as severe as the March one. Hence, a healthy
correction would probably provide better entry points for those who have missed the bus in the last
few months.”
Financial Weekly

August 2020 26
INVESTMENT
Smart Education : Ankit Gala : buzzpublishing@gmail.com

Financial Ratios Part 1 - Profitability Ratios
Last week we had seen details about Statement of Changes in Equity of a company and
this week we shall see details of Standalone and Consolidated Financial Statements of a
Company.
Last week we had seen introduction to Financial Ratios and their importance. This week on-
wards we will try to understand about various Financial Ratios.
Financial Ratios can be broadly classified into -

1. Profitability Ratios
2. Liquidity Ratios
3. Management Efficiency Ratios
4. Leverage Ratios
5. Valuation Ratios
Cont....
Financial Weekly

August 2020 27
INVESTMENT
Profitability Ratios:
Profitability ratios are used to evaluate the company's ability to generate income as compared to
its expenses and other cost associated with the generation of income during a particular period.
These ratios convey how well the company is able to perform in terms of generating profits.
Profitability ratios are the most popular ratio used in fundamental analysis of securities as it is
the profits which are not only need for business expansion but are also needed to pay dividends to
shareholders of the company.
Some of the commonly used Profitability Ratios include -

1. Gross Profit Margin
2. EBITDA Margin (Operating Margin)
3. PAT Margin
4. Return on Equity (ROE)
5. Return on Capital Employed (ROCE)
6. Return on Asset (ROA)
Gross Profit Margin:

Gross Profit Margin is measurement of a company's gross profit as a percentage of its net sales.
Gross Profit Margin = Gross Profit / [Net Sales]
This financial ratio tells us about the company's profitability (in percentage terms) at the gross
level.
Gross profit is obtained by deducting cost of goods sold (expenses related to labour, raw mate-
rials and manufacturing overheads in production) from the net sales or revenues of the company.
Here, Cost of Goods Sold = Cost of Materials Consumed + Purchase of Stock in Trade + Cost of
Labour + Cost of Fuel and Power +Cost of Spares Used + Any Other Significant Cost
Now, gross profit margin tells us about the efficiency of the company in using its raw materials,
labour and manufacturing related fixed assets to general profit.
Next week we shall try to understand about EBITDA Margin (Operating Margin) and PAT Mar-
gin.
To learn Fundamental Analysis you can read the book Fundamental Analysis of
Shares by Ankit Gala & Khushboo Gala. Book is available in English and Gujarati.
Financial Weekly

August 2020 28
INVESTMENT
SMART IT
By Vijaya Kittu M, GetPaidIndia.com
The author feels that investors need to study sectoral trends from time to time. He is on
WhatsApp at +91 98495 19188
1. Most large banks and finance institutions in US and Europe are in good shape and strong enough to
tackle COVID-19 pandemic - thanks to the Government fiscal and monetary stimulus packages. This
means that their IT spending will be intact. Though there is some turbulence in the spending patterns of
mid-tier banks, the patters are not that worrisome.
2. Garnet projects that IT spending will grow 5-8% as companies focus on pull-forward transformation.
Businesses across the world will use IT services for their core transformations assisted by cloud
adoption and improving online customer experience.
3. Surprisingly, select players from Midcap Indian IT are outperforming by delivering their core expertise
even stronger and able to effectively manage their accounts.
4. A clear visible trend is that clients of IT companies are in pressure but IT vendors are not in pressure.
Also, employment disruptions (such as unemployment) in IT are lower compared to other sectors of
the economy.
5. European businesses are reportedly calling Indian IT companies with queries related to outsourcing.
So many are the calls that large IT companies are strengthening their European presence with strong
leadership. Some recent deals from Europe came to HCL (Ericsson & Volvo), Infosys (ABN Amro)
and TCS (Swiss Financial Services, Rabobank and TrygForslkring). Enterprises need expertise from
IT services to re-imagine supply chain.
6. Media reports citedPravin Rao, COO of Infosys that the IT giant is looking to acquire companies in
$100250millionticketsizerange. The company acquired Fluido and Simplus in the last 12 months. He
said the company will focus on digital services including cloud,data and analytics, cybersecurity, and
design and userexperience.
9. Fundamentals of Select IT Companies:
Company Name Quality Valuation Grade 7. With WFH becoming a new norm
TCS Wonderful Expensive Performer of working, BPOs are considering
Infosys Wonderful Expensive Star migrating to tier-2 and 3 cities so
Tech Mahindra Good Expensive Performer as to take advantage of low cost
NIIT Technologies Good Expensive Star of hiring, real estate and manage-
L&T Infotech Wonderful Expensive Performer able attrition rates.
HCL Technologies Wonderful Expensive Performer 8. Mutual funds increased their ex-
Mphasis Good Expensive Performer posure to IT, along with Pharma,
during the quarter.
KWJ STANDARD EDITION WEBINARS

LEARN INVESTING WITH MFS, FUNDAMENTAL & TECHNICAL ANALYSIS
BATCHES
FRIDAYS OF SEPTEMBER 2020 AND SUNDAYS OF OCTOBER 2020
WEBINAR FEE IS AFFORDABLE AND
STUDY MATERIAL WILL BE PROVIDED
TO REGISTER, WHATSAPP TO +91 98495 19188
Financial Weekly

August 2020 29
INVESTMENT
Hard Copy is available on Every Sunday Morning at your nearest book-stall

City Agent’s Name Mobile No. Landline No.
Ahmedabad Pocket Book Centre 098240 77668 079-25508732
Vinod Agency 098982 18921 079-25510104
Mohsin Mansuri 098250 35928 079 - 25350794
Anand Mistry News Agency 098251 73432 02692 - 251032
Iliyas Book Stall 091733 95801
Akola Vishnu Book Seller 072424 39444
Baroda Shreenath News paper 098982 40228 9106956769
Bhuj Modern Book Centre 9427434752 --
Baroda A.G. Vora & Co. 098240 95716 --
Bhavnagar Prem News Agency 094289 90615
Bharuch Falgun News Agency 098792 37236
Gandhidham A.H. Pandya 098252 37212 02836-220212
Jodhpur Sarvoday Book Stall 8107589141 0291-26533734
Jamnagar Paras News Agency 9426453636 2679597
Mehsana Mahalaxmi Pustak Bhandar 098256 36988 9428458678
Prakash Book Stall 8849416545
Mumbai Ashokbhai 9833831803
Mumbai -Matunga Alengo Book Stall 9870277195 --
Navsari Jaydeep News Agency 098983 59235
Nadiad Nadiad Rly. Book Stall 087349 55156
Rajkot Thakkar News Aghency 099241 33518 0281-2233518
Surat Surat Book Centre 0 98790 44220 0261-2431158
Udaipur Kailash Book Center 098291 36695 0294-2561145
VAPI Om News Agency 099242 84109
Valsad Paresh News Agency 091733 59444
More detail about Subscription

http://www.smartinvestment.in/subscribe.php?typ=subscribe
Financial Weekly

August 2020 30
INVESTMENT
SMART
BUY OF THE WEEK
Dark Horse
Dark Horse-1
TOURISM FINANCE CORPORATION

(526650 & NSE) (42.25) (Face Value Rs.10)
Tourism Finance Corporation of India Ltd.(TFCI) High price 182.25
has been set-up as an All India Financial Institution, CMP 42.25
pursuant to the recommendations of "National Com- Discount from high 76.80%
mittee on Tourism" set-up under the aegis of Plan-
ning Commission in 1988. The main object of set-
ting-up the specialised financial institution was to
expedite the growth of tourism infrastructure in the
country by providing dedicated line of credit on long
term basis to tourism related projects in the coun-
try. TFCI provides financial assistance by way of
rupee loan, subscription to equity / debentures and corporate loans mainly to hotel projects,
amusement parks, ropeways, multiplexes, restaurants etc. With a view to diversify in other
related areas, TFCI has expanded the scope of its activities by including financing of infra-
structure projects, real estate projects and manufacturing projects to a limited extent, within
the scope of its activities. It has an equity base of just Rs.80.72 crore that is supported by
reserves of around Rs.672.81 crore. The promoters (LIC, GIC & some foreign funds) hold
26.17%, FPIs & AIFs hold 14.05% while the investing public holds 59.78% stake in the com-
pany. With a share book value of Rs.92.27, its P/BV ratio works out to just 0.46x which is very
attractive. During Q1FY21, it reported PAT of Rs.16.57 crore on higher income of Rs.63.08
crore fetching an EPS of Rs.2.05. Its GNPA reduced from 5.08 percent to 1.91 percent while
net NPA reduced from 2.45 percent to 1.36 percent during this lockdown period which is
outstanding. Currently, the stock trades at a P/E of 4.55x. Its recent high rate was Rs.182.25
which was formed on 12th January 2018. Stock almost corrected 76.80% from recent high.
Investors can accumulate this stock with a stop loss of Rs.34. It may give very good returns in
medium to long term.
Cont....
Financial Weekly

August 2020 31
INVESTMENT
Dark Horse-2
NAHAR CAPITAL & FINANCIAL
(532952 & NSE) (68.50) (Face Value Rs.5)
Incorporated in 2006, Ludhiana based Nahar Capital and Particulars Qtr. Ended
Financial Services Ltd, a non-deposit taking non-banking Q1FY21 Q1FY20 % Var.
financial company, engages in investment/financial activi- Income 6.17 2.04 202.45
ties. The company invests in various financial securities, Other Income 7.95 3.23 146.13
including equity, bonds, debentures, commodity, term de-
Net Profit 8.29 1.06 682.08
posits, and securities of various kind issued by companies,
banks, mutual funds, and other authorities, as well as cen- High price 225.50
tral, state, municipal, and local bodies. It also provides lend- CMP 68.50
ing services against liquid securities, such as shares, gov- Discount from high 70%
ernment bonds, gold, property, and other assets. In addi-
tion, the company is involved in the real estate business,
including the purchase and sale of residential and/or com-
mercial land with trading perspective; dealing in real estate,
the development of land, and the construction of building for
commercial and residential purpose; leasing, hiring, or ac-
quiring various real estate assets; and leasing of flats and
buildings. It has an equity base of just Rs.8.37 crore that is
supported by reserves of around Rs.791.01 crore which is
almost 94.5 times higher against equity. The promoters hold
70.60% while the investing public holds 29.40% stake in the company. Its share book value works out to
Rs.472 and the price to book value ratio stands at just 0.15x. During Q1FY21, Its PAT grew 682.08% to
Rs.8.29 crore as against Rs.1.06 crore on 202.45% higher income of Rs.6.17 crore fetching an EPS of
Rs.4.95. Its recent high rate is Rs.225.5 which was formed in December 2017. Stock almost corrected 70%
from recent high.
Investors can accumulate this stock with a stop loss of Rs.55. It may give very good returns in
medium to long term.
Super Duper recommendations of Smart Buy of the Week (Smart Dark Horse)
Recommended Dt. Stocks Recomm. High after Gain
Price Recomm. (%)
11th May 20 RAMA PHOS 31.7 62.5 97%

18th May 20 ADVANCED ENZYME 157 227 45%
8th June 20 KRITI IND 17 35.85 111%

20th July 20 GANESH BENZO 38.45 52.75 37%
27th July 20 SHIVA GLOBAL 28.6 40 40%
27th July 20 BDH IND 75.6 98.95 31%
3rd August 20 AGAR IND 81 123.95 53%
Last Week TARMAT 34.55 43.95 27%

Financial Weekly

August 2020 32
INVESTMENT
PHYSICAL SHARE
• I.E.P.F.
• Te get duplicate for Lost shares
• Transmission
• Succession Certificate
sharephysical@gmail.com
9879930075
Which stocks
will give you financial freedom?
To know stocks list
Join our FREE telegram channel
http://t.me/equity99
Financial Weekly

August 2020 33
INVESTMENT
Stock Buzz
Subramanian Mahadevan
dolphincapital@gmail.com
Action Construction Equipment Limited (Rs.61)

Home Grown Material Handler !
Action Construction Equipment Limited (ACE) - incorporated in 1995, manufactures
material?handling and construction equipment. It has four segments: Cranes (65% of sales), mate-
rial handling equipment (7%), construction equipment (7%), and agriculture equipment (21%). ACE
is a leading manufacturer of mobile cranes (63% market share) and tower cranes (60%) in India. In
fact ACE is amongst the few home-grown Indian companies, which today has one of the widest
range of construction equipment in the industry. ACE is the only company to manufacture 12 Tons
& 16 Tons Tower Cranes and the biggest Pick & Carry Crane in India which is of 25 Tons. ACE
has always been a customer-centric player giving timely support and service to customers which
has enabled it to build a strong customer base of over 15000 in the last 22 years caters to a large
clientele base, (with over 15000 customers) which includes major Indian as well as international
players such as Reliance, L&T, BSES, BHEL, Gammon, NCC, Gujarat Ambuja, IISCO, Simplex,
Coal India, etc & its products are used in sectors like infrastructure, construction, roads, engineer-
ing, coal mines, chemical and fertilizer plants, power stations, ports, heavy project engineering,
railways, cement, oil, defense etc.
ACE has a dedicated R&D center in Faridabad, where it conducts proto activities along with
designing with a focus on 3 main objectives. These include Value engineering - where ACE can
provide something better to the customer at the same cost. Secondly using trouble shooting as an
essential & continuous feedback from customers and always using this as a medium for further
product improvement and enhancement. Thirdly, new product development which is the most criti-
cal component of ACE strategy which is the reason ACE has a wide range of equipment to suit
needs of varied customers. ACE closed FY20 with a topline of 1160 crore and a bottom line of
52.47 crore. Promoter has increased their holding in the last quarter and their ownership stands at
72.42%. On a long term basis, the demand environment for construction equipment, cranes, etc,
continues to look robust despite COVID pandemic. Near term sluggishness in the infrastructure
space is expected to remain an overhang for ACE however given its healthy balance sheet, low
debt, and great market share with marquee clients are huge positives for future growth. In the last 4
years company has literally doubled its topline and more than tripled its bottom-line. Buy at current
market price for double digit returns in two years-time frame with limited downside.
Financial Weekly

August 2020 34
INVESTMENT
Smart Education - Yog Joshi

Technical Analysis
From
Basic to Advance
Dow Theory - (4) Indices Must

Confirm Each Other - Indices
Hello Friends,
Hope you all are doing well...!!!
In last week article we discussed in detail about 3rd tenets of dow Theory " Primary Trends
Have Three Phases"
I hope you all are found that article interesting and informative...today we are going to discuss
about tenets - 4 "Indices Must Confirm Each Other"
To understand this tenets easily, Dow used indices invested by him and his partners and it was
DJIA ( Dow Jones Industrial Average) and DJTA (Dow Jones Transportation Average)
As per the Dow, to confirm the trend, same signal should
be occur in both indices at same time, it means if DJIA show-
ing higher high and higher low, it should be confirm by DJTA
We try to understand this with simple example, if DJIA is
Cont...
Financial Weekly

August 2020 35
INVESTMENT
increasing it means industrial avg is increasing in other word production is increasing

So, any business need to distribute their production it means final product should reach to end
user ( consumer), for that transportation is require to reach the product to consumer
So it very clear that if DJIA is increasing DJTA should be increased,and if both the indices gives
a same signal at same time we can predict that Up Trend is likely to start and if both are gives
downward signal it can be forecast that down trend is likely to start
But in any scenario, if both the indices are not match with each other it means it does not confirm
each other, like DJIA gives upward side signal and at same time DJTA is giving downward side
signal
Charles Dow indicate this scenario as its not a confirmation of the new trend begun or its a not
a clear trend.
Hope you all found this article informative, next week we will discuss tenets number 5 - "Vol-
ume Must Confirm the Trend.
Financial Weekly

August 2020 36
INVESTMENT
TECHNICAL TALK Dhananjay Kadam

TECHNICAL ANALYST, M. 7588622374
Corrections Are Temporary, Growth Is Permanent

After many weeks , big red closing on D-Street !
* WPI inflation -0.58 for July 20'.
* The Reserve Bank of India (RBI) central board has approved the transfer of Rs 57,128 crore in
surplus as dividend to the government for the accounting year 2019-20, the central bank said in a
release on August 14. The Board also decided to maintain the Contingency Risk Buffer at 5.5
percent. The Board reviewed the current economic situation, continued global and domestic chal-
lenges and the monetary, regulatory and other measures taken by RBI to mitigate the economic
impact of COVID-19 pandemic, the RBI said. The Board discussed the proposal of setting up an
Innovation Hub and various areas of operations of the Bank during the last year.
* According to India Ratings (Ind-Ra), even as construction activities in the country have re-
sumed since July, increase in fiscal deficit of central and state governments is likely to impact the
sector this fiscal. The agency had recently noted that the fiscal deficit of central and state govern-
ments will come at 12.1 percent, with the states contributing 4.5 percent of it. "An increase in cen-
tral and state government fiscal deficit in FY21 can impact both order inflow and collection in the
sector," India Ratings said in a release.
* Mid and small cap stocks have shown good momentum. India Vix close at 21.67.
* GLOBAL MARKETS :
# The US dollar was headed for an eighth consecutive week of losses, its longest weekly losing
streak since June 2010, according to a Refinitiv USD index. recovered from early losses, with
Brent crude flat at $44.96.
# World shares sink as data points to tepid economic revival.
# China data misses expectations
# Travel stocks sink on British quarantine move
# Treasury yields remain high after 30-year auction.
* Despite gold’s $200 rebound from three-week lows, the bright metal remains on track for a 4%
weekly drop, snapping the nine-week winning streak.
Yields on US Treasuries rose after a poor auction of 30-year bonds. The US dollar benefited
from higher yields and upbeat US Jobless Claims data, further, limiting the upside attempts in the
precious metal. However, rising coronavirus fears globally combined with a delay in the US fiscal
stimulus kept the floor under gold prices.
* Agr case : Hon SC to Jio : - Jio needs to explain why we should not catch hold of you
to pay AGR dues. By sharing R.Comm revenue you have gained revenue, this is revenue sharing.
If Jio is using public assets like spectrum why shoult Jio not be liable to pay AGR dues. Matter now
listed on Monday, 17 AUGUST at 3 pm.
* FII & DII Activity 14/08/20'
(Rs Cr) Prov Cash : FII: + 46.39 / DII: - 797.08 Cont...
Financial Weekly

August 2020 37
INVESTMENT
# Varun Beverages Ltd (Last close Rs 765.5) : Varun

Beverages Ltd is a franchisee bottler of carbonated soft drinks and non-carbonated beverages
sold under trademarks owned by PepsiCo. The Company produces and distributes products, such
as Pepsi, Diet Pepsi and Seven-Up.
Market Cap: 22,249 Cr.
52 weeks High / Low
870.00 / 482.20
Book Value: 119.78
Stock P/E: 173.29
Dividend Yield: 0.65 %
ROCE: 17.64 %
ROE: 17.56 %
Sales Growth (3Yrs): 22.68 %
Face Value: 10.00
* Company has delivered good profit growth of 91.36% CAGR over last 5 years.
* Company has been maintaining a healthy dividend payout of 17.57%.
# Technicals : Bullish Flag breakout on daily chart.already given on our Telegram channel
@dktechnicals.One can buy and hold for a price target of Rs 856. Stop-loss is Rs 745 on daily
closing basis. Time frame is 11 trading days.
# Advanced Enzyme Technologies (Last close Rs

216.85) : It is engaged in the research and development, manufacturing and marketing of
over 400 products developed from over 60 indigenous enzymes.
Market Cap: 2,423 Cr.
Current Price: 216.85
52 weeks High / Low
227.35 / 91.05
Book Value: 75.18
Stock P/E: 18.62
Dividend Yield: 0.28 %
ROCE: 23.10 %
ROE: 17.03 %
Sales Growth (3Yrs): 10.51 %
Face Value: Rs 2.00
* Company is virtually debt free.
# Technicals : Buy in the range of Rs 216 to 222. Bullish Flag breakout once, stock closes
above Rs 224. One can buy and hold for a price target of Rs 272. Stop-loss is Rs 204 on daily
closing basis. Time frame is 11 trading days from the breakout day.
Financial Weekly

August 2020 38
INVESTMENT
TRADNICAL STRATEGY
Email: nimesh@nimeshthaker.com, M. 9228237373
NIMESH THAKER, BARODA
Sebi Registered NO. : INH000005874
Profit booking can be Expected ..... !!!

Happy Independence Day
Profit booking was seen on Friday after staying in a narrow range for the first 4 days in the
previous week. Which was expected. In other words, a strong rally was expected in the market
after Russia's announcement of the discovery of the vaccine, but it did not come, should be consid-
ered a precautionary measure. I think the market can see profit booking or in a range-bound going
forward.
In terms of technical charts, Friday's big red candle after a small Doji candle on the daily chart
indicates a trend reversal, while the negative divergence of the RSI confirms that the market should
be cautious from a short term view. On downside 10975-10900 is strong support zone while 11350-
11480 is resistance zone for next week. The structure of the Bank Nifty has look weak which will
stop the market from rising.
From the point of view of the option, the Nifty call option of 11200 has seen a short build up while
the put option of 11300 has seen a short covering which shows that short term traders are keeping
a view of profit booking in the market.
All the data are showing signs of profit booking in the market. I think the Nifty has a strong
support zone of 10900-10970 and that level could be considered for new purchases in the Nifty. At
current level fresh buying should be avoided and trader should wait for correction for entry.
You can contact us on 9228237373 for your trade or investment related questions.
Bosch : Buy
Buy Range: 13705-13200
Target: 15900-17100 Stop loss : 12600
Allocation: 10% of trading capital
The stock has given break-out of 13800 resistance after consolidation with huge volume indi-
cates strength. I expect stock may test to 15900-17100 in short term hence recommend to buy with
stop-loss below 12600 with on closing basis.
Financial Weekly

August 2020 39
INVESTMENT
Think about NIFTY FUTURE ?

Think
WWW. NIFTYPREPAID.COM
Enjoy REAL Profit !!!!
Make CONSISTENT Profit !!!!
8401810865
Buy or Sell, Confused ?
Let the EXPERTS Help You
Join our Service for 1 Month & We are
Sure. You will be our Lifetime Member
Equity & Commodity Tips
Call Us : 91-9930011789 : www.shareinfoline.com
Financial Weekly

August 2020 40
INVESTMENT
Terrific Shots - Dilip K. Shah
Lincoln Pharma (Rs. 214.00) (Code: 531633)

Ahmedabad head-quartered small cap pharma company has launched many products in a few
years, which are in huge demand in the market. As against equity of Rs. 20 crore, the company has
reserves of Rs. 293 crore. In March quarter, the company's income decreased from Rs. 79.32 crore
to Rs. 78.47 crore, while profit increased from Rs. 8.50 crore to Rs. 8.94 crore. The company's
focus is mainly on the domestic market but it is doing well on export front. The performance is
improving. The stock may perform better in the future so stock can be considered for buying in
phased manner.
Exide Industries (Rs. 163.00) (Code: 500086)

It is one of the biggest manufactures of battery for automobile sector and holds the position of
market leader. It has seven manufacturing plants and owns strong brands such as Exide and SF
Sonic. It also manufactures batteries for industrial and submarine segment. However, automotive
sector accounts for the biggest chunk in its income. As against equity of Rs85 crore, the company
has reserves of Rs6382 crore. In FY2020, the company's income decreased from Rs. 14721 crore
to Rs14471 crore, while profit decreased from Rs.846 crore to Rs777 crore. In June quarter, it
recorded net profit of Rs. 43.95 crore on income of Rs. 1547.62 crore with EPS of Rs. 0.52. It also
owns insurance subsidy and higher valuations of insurance companies indicate that Exide's sub-
sidiary may also witness unlocking of the value. Downside seems limited so it may witness upside
with improvement in market sentiments.
Apollo Tyres (Rs. 124.00) (Code: 500877)

The company is active in manufacturing of tyres and rubber products. It also has presence in
foreign countries. It has strong hold in markets in Africa and Europe through its subsidiaries. The
promoters hold 41.65% and public hold 58.35% stake in the company. In June quarter, the com-
pany recorded losses of Rs. 134.58 crore on income of Rs. 2873.44 crore, while it had witnessed
profit of Rs. 141.60 crore on income of Rs. 4331.32 crore in the corresponding period last year. The
company's performance got affected due to lockdown. After opening of lockdown, the replace mar-
ket has become attractive. Amid the market uncertainty, the company needs to look for growth
opportunities. The company is performing well in European market and has witness further growth.
Chambal Fertilizer (Rs.153.00) (Code: 500085)

It is listed in A group on BSE. As against equity of Rs416.21 crore, the company has reserves of
Rs. 3123 crore. In June quarter, the company's income increased from Rs. 2855 crore to Rs. 3219
crore, while profit increased from Rs. 166 crore to Rs. 299 crore. It paid 19% dividend for FY2018
and 20% for 2019, while interim dividend of 40% for 2020. It produces different types of fertilizers
and chemicals. It owns two plants at Kota in Rajasthan. It also produces DAP, MOP and SSP
along with different types of pesticides and seeds. The government is focusing on doubling in-
come of the farmers and the monsoon season has been good so far, so the company may benefit
from it. The stock can be considered for investment in phased manner.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this stocks • I/My family have no financial
interest or beneficial interest of more than 1% in the company whose stocks I am recommending • Stop loss is useful for Short / Medium Term investor Only • Smart Investment will not be responsible / liable
for any loss arising out of investment based on tis advices • Past performance may or may not be substainedin future "
(Dilip K. Shah) Research Analyst SEBI Regn No. : INH000002152
Financial Weekly

August 2020 41
INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
Selling spree may be witnessed

with spurt in share prices
BSE Index (37877.34) :- It shows downward
position from top of 38556.27. It shows overbought
position on daily, weekly and monthly basis. On up-
ward movement, beyond 37980 it may witness resist-
ing level at 38100. On downward movement, below
37654 it may go down to 37440, 37050 with support at
36910. New buying is not advisable.
Bank Nifty (21668.85) :- It shows downward
movement from top of 22443.95. It shows overbought
position on daily basis, while overbought to neutral on
weekly basis and neutral on monthly basis. On upward
movement, 22100 could be resisting level. On down-
ward movement, below 21436 it may go down to 21290, 21085 with support at 21025.
Nifty Future (11186.15) :- It shows downward movement from top of 11397.70. It shows overbought
position on daily, weekly and monthly basis. On upward movement, beyond 11205 it may witness resisting
level at 11245. On downward movement, below 11140 it may go down to 11111, 11075, 11040, 11010,
10980, 10944 and 10884.
Axis Bank (435.85) :- It shows improvement from bottom of 415.70. It shows overbought position on
daily basis, towards oversold on weekly basis and towards neutral on monthly basis. On upward move-
ment, beyond 457 it may go up to 469 and 496. On downward movement, below 435 it may get support at
435 and below that it may go down to 415. New buying is not advisable.
HUL (2173.90) :- It shows downward movement from top of 2350. It shows towards oversold position
on daily and weekly basis, while overbought to neutral on monthly basis. On upward movement, beyond
2205 it may witness resisting level at 2217. On downward movement, below 2135 it may go down to 2125.
L.T. (982.80) :- It shows improvement from bottom of 896.30. It shows overbought position on daily
basis, while neutral on weekly and monthly basis. On upward movement, beyond 994 it may go up to 1022,
1068 and 1107. On downward movement, below 977 it may get support at 951.
Shriram Transport (686.35) :- It shows improvement from bottom of 636.10. It shows towards
overbought position on daily basis, overbought to neutral on weekly basis and oversold on monthly basis.
On upward movement, beyond 713 it may go up to 736 and 770. On downward movement, it may get
support at 678 and below this level indicate weak position.
SBI (196.50) :- It shows improvement from bottom of 185.75. It shows overbought position on daily
basis, neutral on weekly basis and towards neutral on monthly basis. On upward movement, beyond 207 it
may go up to 212 and 225. On downward movement, it may get support at 190. New buying is not advis-
able.
Disclosure : The Recommendations are based on technical analysis. There is a risk of loss in trading.
Golden quote
We are here to add - what we can to life,
Not to get - what we can from life
Financial Weekly

August 2020 42
INVESTMENT
Dilip Davda
e-mail Expert’s Eye
dilip_davda@rediffmail.com
Second week of August turned negative

Indices dances to the tune of Reliance Ind.
With positive start of the week with first two sessions closing in green, we witness sliding ton of
the market for rest of the week. No doubt this trend emerged in a range bound market indicating its
consolidation mode before either side one way move in near term. Deficient rain, mixed trends
from corporate results and the gloomy world economy kept a tab on general sentiment. For the
week, we marked indices dancing to the tune of Reliance Industries ups and downs due to its
weightage. Market moved in a range bound manner for the week with both side movements.
For the week, benchmarks moved in the range of 11373.60 - 11111.45
for NSE Nifty and 38556.27 - 37654.92 for BSE Sensex.
The week ended with LOSS of -35.65 points for NSE Nifty and of -163.23 points for BSE Sensex.
Thus the week turned negative amidst range bound trades.
Markets opened on a positive note on Monday, and after moving both ways in a range
Cont....
During the week dividend announcement

Astrazeneca (100%), Dutron Poly (12%), Equitas Holdings (10%), Maharashtra Seamless
(50%), Pilani Inv (250%), Suntek Realty (150%), Swan Energy (10%), Allied Digital (10%),
Goldcrest Corp (5%), Vesuvius India (70% - revised), Ajmera Realty (14%), Alfred Herbert
(10% + 25%), Aurobindo (125%), Fiberweb (5%), Natco Pharma (62.5%), SKM Egg Prod
(5%), Balkrishna Ind (150%), Vidhi Spl (20%) etc.
During the week Elgi Equipment announced bonus issue (sur-

prised) in the ratio of 1 share for every 1 share held.
During the week scrip turned ex-bonus included Trident Texofab (14 for 10).
During the week scrip turned ex-split included Oswal Overseas (2 for 1).
Britannia Industries and Suven Pharma have scheduled
board meeting on
August 17, 2020 and Shangar Décor on August 21, 2020 to
consider bonus issue.
Financial Weekly

August 2020 43
INVESTMENT
bound trades, it managed to close in green. NSE Nifty gained 56.10 points to end the day at 11270.15
and BSE Sensex scored 141.51 points to close at 38182.08. While Reliance Ind. lead the rally as
usual, it got support from Pharma, Auto, Consumer Durables, FMCG and Banking counters. Even
Mid and Small cap indices outperformed benchmarks and counters participated in the rally. Market
breadth was positive. FIIs were the net buyers while DIIs were the net sellers for the day.
We marked gap up openings on Tuesday, and market traded in green zone for the day.
At the end of session, NSE Nifty scored 52.35 points to close at 11322.50 and BSE Sensex gained
224.93 points to end the day at 38407.01. COVID vaccine launch by Russia kept global markets
on their toes. On domestic front, Banking counters lead the rally and got support from Oil and Gas,
FMCG, Metal and Mining counters. Profit booking took place at higher prices in pharma counters.
Sugar counters gained on positive reports for the sector. Mid and Small cap select counters zoomed
despite these indices underperformed the benchmarks. Market breadth was positive. FIIs were net
buyers and DIIs were net sellers for the day.
With cautious negative opening on Wednesday we marked both side movements.

Finally markets closed flat but in red. NSE Nifty lost just 14.10 points to end the day at 11308.40
and BSE Sensex marked deficit of mere 37.38 points to close at 38369.63. Global markets gained
as pandemic solution was in sight. On domestic front, we marked profit bookings in pharma, FMCG
Cont....
Nifty & Sensex Movement during the last week

Nifty Open High Low Close Diff
10-Aug-20 11270.25 11337.3 11238 11270.15 56.1
11-Aug-20 11322.25 11373.6 11299.15 11322.5 52.35
12-Aug-20 11289 11322 11242.65 11308.4 -14.1
13-Aug-20 11334.85 11359.3 11269.95 11300.45 -7.95
14-Aug-20 11353.3 11366.25 11111.45 11178.4 -122.05
Net Weekly Loss -35.65
Sensex Open High Low Close Diff
10/08/2020 38,168.42 38,430.69 38,073.29 38,182.08 141.51
11/08/2020 38,371.34 38,556.27 38,313.06 38,407.01 224.93
12/08/2020 38,321.13 38,414.37 38,125.81 38,369.63 -37.38
13/08/2020 38,456.64 38,516.85 38,215.05 38,310.49 -59.14
14/08/2020 38,432.94 38,540.57 37,654.92 37,877.34 -433.15
Net Weekly Loss -163.23
Financial Weekly

August 2020 44
INVESTMENT
and Metal counters. However, Auto, IT and Banking counters gained on value buying and short
coverings. Select Mid and Small cap counters continued to gain on informed buying. Even though
Mid cap indices underperformed, Small Cap indices gained and kept market breadth positive. FIIs
were the net buyers and DIIs were the net sellers for the day.
Although we witnessed positive opening for Thursday, marked ended flat but in red
with range bound trades. NSE Nifty marked deficit of mere 7.95 points to close at 11300.45, BSE
Sensex lost just 59.14 points to end the day at 38310.49. Even though Consumer Durables, Capi-
tal Goods, Auto and Power counters gained, profit booking in Pharma and Banking counters kept
market in sliding mode. Mid and Small cap counters rallied and indices outperformed benchmarks.
Market breadth was positive. DIIs were the net sellers while FIIs were net buyers.
After cautious positive openings on Friday, markets moved both ways to finally close
deep in red. NSE Nifty lost 122.05 points to end the day at 11178.40 and BSE Sensex marked
deficit of 433.15 points to close at 37877.34. Thus Nifty and Sensex closed below the sentimental
barriers of 11.2K and 38K respectively raising concern. Metal, Mining and Pharma counters gained
while Auto and Banking counters lost heavily following profit booking and kept market in slippery
mode. Despite Mid and Small cap indices outperformed benchmarks, Market breadth turned nega-
tive. FIIs were (token) net buyers while DIIs were net sellers for the day. .
Dollar continued to be range bound around Rs.74.90 a Dollar. Brent Crude Oil hovered around
44.8$ a barrel for the week. For the ensuing week, while we have around 200+ corporate results,
there will be other global and domestic economic data coupled with Monsoon progress will be
flowing in. This will trigger market sentiment for a while on a stock specific mode. Thus we may
witness a range bound volatile week.
Amidst such a scenario, benchmarks movement is

likely in the range of 11650-10550 for NSE Nifty and
39250-36050 for BSE Sensex for the coming week.
DISCLAIMER : No financial information whatsoever published anywhere here should be construed as an
offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely
for educational and information purposes only and under no circumstances should be used for making invest-
ment decisions. Readers must consult a qualified financial advisor prior to making any actual investment
decisions, based on information published here. Any reader taking decisions based on any information pub-
lished here does so entirely at own risk. Above information is based on the details available as on the date along
with market perceptions. Investors should bear in mind that any investments in stock markets are subject to
unpredictable market related risks. (THE AUTHOUR IS SEBI REGISTERED RESEARCH ANALYST)
Financial Weekly

August 2020 45
INVESTMENT
A. K. Asnani
(M) 9893512098
Smart Verc (Bhopal)
Author of Book
Way to Billionaire
Be Cautious !
- SIP contribution is reducing,
- the Economy is not in good shape,
- some sectors of the economy may take years to revive,
- uncertainties continue to prevail,
- the banking sector is raising funds quickly to strengthen their - balance sheets,
Yet stocks are booming!That is the Stock Market.
If any company reports last quarter results better than the same period last
year, share price rises.Investor logic: "If it can do so much during Covid then one
can very well imagine the potential in post-Covid times."
If any company reports disastrous results, then also the share price rises.Investor
Logic: "Great opportunity to buy, it is going to report much better results in post-
Covid era."
Don't get swayed by the stock movements. Investors are behaving irrationally.
Better you be rational to win.
Rationality wins always!
Happy Investing!
A. K. Asnani
Author | Advisor | Coach | Mentor | Speaker
09893512098
smartasn@gmail.com
(investors are advised to act as per their own conviction. Above are only the
views of the Author)
Financial Weekly

August 2020 46
INVESTMENT
Scrip Watch - Siddharth Shah
Godrej Consumer Products (Rs. 684.00) (Code : 532424)

Godrej Consumer Proudcts : FMCG firm Godrej Consumer Products expects its hygiene brand
Protekt to be a Rs 500-crore brand in the next three years, as the company is expanding its product
range in the segment. Company says Godrej Protekt is likely to grow seven to eight times from its
current size in the next 3 years, as more people are adopting hygiene habits after the pandemic.
The Godrej group firm has recently introduced 12 products in the personal and home hygiene
range, foraying into products such as face masks, germ protection Fruit & Veggie Wash and Multi-
purpose Disinfectant Solution. Health and hygiene products have now become the fourth vertical
of the company. This has seen a huge growth in the segment as Indians are taking more and more
habits of hygiene. Institutional segment is going to be a large segment when India opens up of-
fices, hotels, malls and other places fully. Moreover, GCPL has also partnered the Indian Railways
to promote travel hygiene among passengers and rail employees under its Protekt India Move-
ment. Invest.
M&M (Rs. 614.00) (Code : 500520)

M&M: Mahindra & Mahindra stock has jumped to 52-week high of Rs.649 last week. It has
jumped from Rs.600 to Rs.649 in five days. The company is Riding on strong popularity and
customer loyalty in rural and semi-urban markets, Mahindra and Mahindra Ltd (M&M) is betting on
its proven and rugged utility vehicles Scorpio and Bolero to drive volumes through the tough months
as the overall passenger car segment limps to recovery. More than 50% of Scorpio and Bolero
sales come from semi-urban and rural markets. Despite the covid-led crisis, Bolero, Scorpio and
the pick-ups have witnessed a demand almost similar to that of June 2019, fuelled by rural and
upcountry markets. Rural markets have reported a strong recovery in May and June based on pent
up demand, robust harvest season, government spending, good reservoir levels and better than
expected kharif sowing. M&M has already reported a 12% YoY growth in its tractor sales in June.
M&M’s total sales has doubled in the month from 9,076 units dispatched in May. Buy.
Majesco (Rs. 775.00) (Code : 539289)

The board of directors of Majesco in their meeting held on July 20, 2020, had approved the
merger of its US subsidiary with a subsidiary of Delaware Corporation, affiliates of Thoma Bravo
LP, which is a leading private equity firm focussed on the software and technology-enabled ser-
vices sector. Since this announcement, the stock of Majesco Ltd has soared nearly 78 per cent. As
on July 17, 2020, the value of Majesco’s entire stake in the US Subsidiary was US$ 245.33 million
based on its holding of 3,21,11,234 shares of common stock, which were nearly 74 per cent higher
than the market capitalisation of the company in India. Also, it will receive a gross value of nearly
US$ 420.66 million from the divestment of US subsidiary as against the total investments of US$
68.67 million. It is almost 200 per cent premium. This offer translates into nearly Rs 3,853 crore
cash inflow for the company in India. The board has decided that the proceeds from the disposal of
the investment in the US subsidiary will be distributed to the shareholders of the company through
buyback or dividend. So, the rally is obvious and will continue. Buy.
Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm,
his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested
interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based
on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible
for any legal or financial losses made by anybody.
Financial Weekly

August 2020 47
INVESTMENT
Market Tips - Het Zaveri
BEML (Rs. 699.00) (Code : 500048)

The Defence Ministry has recenlty sealed a contract with state-run Bharat Earth Movers Limited
(BEML) for procurement of 1,512 mine plough (MP) devices at a cost of Rs 557 crore for the Indian
Army’s main battle tank T-90. A mine plough is a device that helps tanks clear minefields. In an
another development, BEML has shown interest in operating private trains in the country as it has
participated in the second pre-application conference for Public-Private Partnership (PPP) in pas-
senger trains project organised by the Ministry of Railways last week. The stock has rallied signifi-
cantly from its March low of Rs. 370 and now trading at around Rs. 720. Still, it is trading at Price to
book value of 1.32. Buy.
HDFC (Rs. 1791.00) (Code : 500010)

Mortgage lender Housing Development Finance Corporation (HDFC) Ltd closed its Rs14,000-
crore fund raising through qualified institutional placement of equity shares and secured redeem-
able non-convertible debentures simultaneously with warrants. In its meeting on August 10, HDFC’s
committee of directors determined and approved the issue of 5.68 crore equity shares at an issue
price of Rs1,760 per share, which includes a share premium of Rs1,758. The committee also ap-
proved the issue of 1.7 crore warrants at an issue price of Rs180 per warrant. The committee also
approved the issue of 36,930 secured redeemable NCDs of face value of Rs10 lakh each due on
August 11, 2023, at par, aggregating Rs3,693 crore, carrying coupon rate of 5.4 per cent annually.
So, the company has financially become more comfortable in times of uncertainty. Accumulate.
Relaxo Footwears (Rs. 626.00) (Code : 530517)

Relaxo Footwears Limited’s (Relaxo’s) Q1FY2021 performance was better than expectations
in light of NIL business during the 45-day lockdown and restriction on out-of-home travel. Revenue
and PAT decreased by 44% and 52%, respectively. Value-for-money products, increasing pres-
ence on e-commerce platform and good relation with dealers channel would help Relaxo to post
revival in performance in coming quarters. Lower per capita consumption in India at 1.66 pairs per
annum as compared to developed countries at 6-7 pairs per annum, lower penetration of company
in southern markets and strong product portfolio straddling the pyramid remain key catalysts of
growth in the long run. Sharekhan has recommended this stock with target price of Rs.825. Buy.
The Ramco Cement (Rs. 678.00) (Code : 500260)

Ramco Cement: Ramco Cements Ltd is the fifth largest company in India with total production
capacity of 16.69 MT (South-12.49 MT & East-4.2 MT). Ramco Cements is currently expanding its
capacity in both South (2 MT) & East (2 MT) to reach total capacity of about 20.8MT by FY21
(Capex Rs3530 crore). Ramco Cement’s realisation and EBITDA per tonne is the highest among
comparable peers given premium products and competitive edge due to own captive windmills
and sea route transportation. Softening of fuel prices will expand margins. The government’s firm
commitment to revive the economy and the thrust on infrastructure spending augurs well for the
growth of cement demand. The heavy rains in the country should also prove beneficial for kharif
crop, which should again help revive rural demand. Buy.
Financial Weekly

August 2020 48
INVESTMENT
SMART TIPS Smita N. Zaveri
First Source (Rs. 52.00) (Code: 532809)

Shares of this A Group BPK-KPO company touched a 52-week high of Rs. 58 and low of Rs. 20.
Promoter holding in the company is 53.89%. Promoted by ICICI Bank, the company has more than 24,000
employees. It mainly operates in banking and financial services,telecom, media and publishing spaces.
FirstSource ranks seventh among the country's top ten BPOcompanies. UK accounts for 45% of its total
revenues. The company has a market cap of Rs. 3731 crore. The company had paid 25% dividend last
year, and the dividend yield is 4.65%.For June quarter, income increased 8.4% to Rs. 1062 crore, while net
profit fell 3% to Rs. 88.68 crore. EBIDTA rose 1.5% to Rs. 166.69 crore. The stock can be seen touching
Rs. 60-65 levels in the short to medium term.
Saurashtra Cement (Rs. 41.00) (Code: 502175)

Shares of this cement company touched a 52-week high of Rs. 57.35 and low of Rs. 23. It is a part of the
Mehta Group. It is a US$ 500 million multinational, multi-activity enterprise with 15,000 employees across
US, Asia, and Africa. The Group has interest in cement, building materials, packaging, sugar, horticulture,
engineering, agro chem, hospitality, sports, etc. Saurashtra Cement sells cement under the brand name
Hathi. Its plant's capacity is 1.5 MTPA. Besides the domestic market, its products are sold in Africa, Middle
East, and Sri Lanka. For June quarter, it reported income of Rs. 97.47 crore, profit of Rs. 8.27 crore, and
EPS of Rs. 1.19. It holds 22.85 lakh shares in Group company Siddhi Cement. Book value of the share is
Rs. 65. The shares are trading at a 40% discount to the book value and are quoting at a low PE multiple of
5.82. The shares can be seen crossing Rs. 50 in the short term, and touching fresh highs in the medium to
long term.
Astra Microwave (Rs. 118.00) (Code: 532493)

Shares of this defence sector company are listed in B Group. The company makes and distributes ultra
battery technology in India and South Asia. It designs, develops, and manufactures subsystems for radio
frequency and microwave systems used in defence, space, meteorology, and telecommunication. It also
makes reel systems for missile, electronics warfare, radar and space applications. Promoter holding in the
company is 10.05%. The company has a market cap of Rs. 980 crore. For the March quarter, its consoli-
dated income went up to Rs. 181.14 crore from Rs. 120.35 crore, whereas profit rose to Rs. 9.76 crore from
Rs. 8.32 crore. Its equity is Rs. 17.32 crore, while it has reserves of Rs. 522.83 crore. The government has
banned imports of 101 defence items as a step towards achieving self-reliance in defence manufacturing.
Noted investor RadhakishanDamani had acquired 1.03% stake in the company.
Bharat Dynamics (Rs. 424.00) (Code: 541143)

Shares of this defence sector company are listed in the A Group. Promoted by the central government,
the company makes a range of products for defence sector. It also exports its products on a large scale.
The government holds 87.75% stake in the company. Mutual funds hold 3.70%, while other institutions hold
4.72%. Its equity is Rs. 183.28 crore, while it has reserves of Rs. 2218 crore. For FY 2019-20, it reported
income of Rs. 3095 crore, profit of Rs. 535 crore, and EPS of Rs. 29.18. The company is expected to be a
strong beneficiary of the government's aim to boost domestic manufacturing in defence sector. It has also
hiked FDI limit to 49%. The company has a consistent track record of paying high dividend to shareholders.
It had paid 69.2% dividend in 2019, while it has paid 62.5% interim dividend and 25.5% final dividend for FY
2020. The company has strong fundamentals, and is unlikely to be touched by market slowdown.
SEBI Registered Research Analyst)

* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on 14th August, 2020 unless
specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though, every care has been taken,
we will not responsible for any errors / omissions • All disputes are subject to Ahmedabad jurisdiction
Financial Weekly

August 2020 49
INVESTMENT
Smart Investment : Subscription Rates

E-Copy Every Saturday eveaning in your Mail-box
E-mail Edition 1 Year 2 Year 3 Year
(Soft Copy) 1. Gujarati 1800 3200 4500
(Every Sunday Morning) 2. English 1100 1850 2650
(Soft Copy) 1 Year 2 Year 3 Year

(Every Sunday Morning) 1. Smart Plus 1400 2500 3300
Combined Package for Weekly & News Letter

Guj. & English E-Copy
(Every Sunday Morning) 1 Year 2 Year 3 Year
With 1. Gujarati 2700 5000 7400
Smart Plus News Letter
(Every Sunday Night)
2. English 2100 3900 5400
Internet Payment : Online Payment Gateway Facility

thorugh your Credit / Debit Card is available.
Please logon to Tab “Subscribe” on our
Smart Investment Website Index
5,555 hits only 1 Week
Total number of Hits
1,39,45,555
Kuber Bhandar of earnings
Future - Options, Stock - Watch, Funda - Picks,
Technical Shares, Speculative Scrips, Primary Market,
Financial Weekly

August 2020 50
INVESTMENT
Smart super duper - Het Zaveri
Motherson Sumi (Rs.119.00) (Code:517334)

Shares of this company are listed in the A Group. Motherson Sumi is the largest auto ancillary company
in the country. It makes automotive components, modules, and systems. It has strong global presence with
124 plants in 25 countries. Its clients include Volkswagen, Hyundai, BMW, Renault, Maruti Suzuki, Mercedes
Benz, GM, Volvo, Toyota, etc. The company is very investor friendly. It has issued bonus shares nine
times since 1997. In the 1st quarter of FY2021, the company's income decreased from Rs. 16793 crore to
Rs. 8504 crore, while it witnessed losses of Rs. 810 crore as against profit of Rs. 332 crore. The losses
were due to lockdown period. The management is quite optimistic about growth in the 2nd quarter. The auto
ancillary market is affected due to lower sales in automotive sector but it is likely to recover soon. The stock
is a good investment bet at current levels.
Coal India (Rs. 131.00) (Code: 533278)

The stock has given negative returns in 10 years since listing. The Maharatna PSU is the single largest
coal producer in the world. As against equity of Rs. 6162.73 crore, the company has reserves of Rs. 25994
crore. The company is debt free. In FY2020, the company's income decreased from Rs. 99547 crore to Rs.
96080 crore, while profit decreased from Rs. 17462 crore to Rs. 16714 crore. It paid 120%, i.e. Rs.12 a
share dividend for FY2020. Despite strong results, the stock prices have reached historic low level, which
provides good opportunity for buying. The stock is fundamentally strong but it is under valued. The govern-
ment has decided to open the coal sector for private players which will increase competition in the market
leading to professional management of Coal India. It is good option for small investment.
Century Ply (Rs.131.00) (Code: 532548)

It is one of the leading companies in Indian plywood sector. It accounts for a big stake after Greenply
Industries. The company has equity of Rs. 22.25 crore and reserves of Rs. 1068 crore. The promoters hold
73.05% and public hold 26.95% stake. FII and DII are increasing their stake, which is positive sign for the
company. It manufactures plywood, laminate, veneers, blockboard and doors and sales under Century
brand. The sector has been witnessing double digit growth, which has benefitted the company. Higher
investment paged in the housing sector makes the company's future bright. In FY2020, the company's
sales increased from Rs.2280 crore to Rs.2317 crore while profit increased from Rs.148 crore to Rs.151
crore. In June quarter, the company's income decreased from Rs. 582 crore to Rs. 203 crore, while it
witnessed losses of Rs. 11 crore. The stock was being traded at around Rs300 have witnessed a huge
correction. It can be bought in phased manner on downward trend.
Apollo Micro (Rs. 128.00) (Code: 540879)

The company set-up in 1997 at Hyderabad provides electronic, electromechanical, engineering design
solutions, which are used in defense, space and homeland securities. It came up with IPO in January 2018
at price of Rs. 275 and stock touched Rs. 480 at one point of time. As against equity of Rs. 20.76 crore the
company has reserves of Rs. 275 crore. The share's bookvalue is Rs. 142.52. The stock is being traded at
price to bookvalue of 0.90. In FY2020, the company recorded net profit of Rs.14 crore on income of Rs. 246
crore with EPS of Rs. 6.74. Recently, the government has banned import of certain defense products,
which will benefit the local manufacturers in next 4-5 years. The stock is good option for small investment.
Financial Weekly

August 2020 51
INVESTMENT
Di wan-E-Khas A.J. Diwan (Mumbai)

E-mail : divanconsultancy@rediffmail.com
SCRIP SPECIFIC APPROACH

Investors and traders are advised to keep scrip specific approach. Index is moving in
narrow range. At the higher levels selling pressure is witness and at lower levels there is
buying. The volatility is very high.
INDEX : 38200/150 are support levels and 38450 to 38500 are resistance levels.
NIFTY : 11200/150 are support levels and 11390/450 are resistance levels.
BANK NIFTY : 22125/22100 are support levels and on upper side 22350 resistance
level. We expect profit booking over 22400 level.
RELIANCE : 21105/21100 are support levels. For bulls 20975 is stop loss. If able to
close above 21150 share price may go to 21180/190.
ESCORTS : Last couple of days share price is notable to cross and close above 1140.
From higher level there is big selling and share comes down to 1115 to 1120 level, so trade
for short with stop loss at 1150.
CHOLA FINANCE : Last couple of days, share price was good for intra day. Price was
not moving above 211/50 & dropping to 207/50 or so. But last Thursday share passed 212
with huge volume and touched 224. Now 216 should be stop loss for plus position.
HIND ZINC : Last Monday share price crashed from 253/54 to 246. Because of fall in
silver price on Tuesday it went up to 257/58. Now share seems in reverse gear. Good
investment price is 225.
WATCH LIST : Bharti airtel sale between 540/45 with stop loss at 550. LIC housing buy
with stop loss at 265. Biocon sale above 401/402 with stop loss at 407. ITC sale at 205 with
stop loss at 207. Glen Mark sale 470 with stop loss at 475.
On Friday European markets were down and Dow Future was also down
so our market crashed.
Financial Weekly
Every Sunday Every Wednesday
English & Gujarati Edition Gujarati Edition

Financial Weekly

August 2020 52
INVESTMENT
Investment Ideas telegram.me/rupeegains7
NIFTY :- For next week NIFTY has strong support around 11110---11065 levels. Break
will take it to 11000-10945 levels. On the upper side NIFTY will face strong hurdle at 11270 levels,
cross over with volume and close above will create short covering at take NIFTY up to 11375--
11435 levels…
Bank Nifty :- For next week BANK NIFTY has strong support around 21460-21370
levels. Break will take it to 21030---20925 levels. On the upper side BANK NIFTY will face strong
hurdle at 21950 levels, cross over with volume and close above will create short covering at take
BANK NIFTY up to 22250---22345 levels…
Cont....
Some of our successful recommendations

Recommended Stocks Recomm. High after Gain
Date Price Recomm. (%)
27th April 20 SMS Pharma 36 101 181%
Anuh Pharma 144 384.8 167%
11th May 20 Bajaj Steel 84 198.5 136%
18th May 20 GAEL 117 194.9 67%
Amines & Plast 27 55 104%
Laurus Labs 437.25 1156 164%
25th May 20 Tyche Industries 101 260 157%
22nd June 20 Cords Cable 36.75 46.9 28%
6th July 20 ASM TECHNO 67 97.5 46%
20th July 20 Surya Roshni 116 175.45 51%
3rd August 20 KANPUR PLASTI 70.65 88 25%
KRITI IND 25.5 35.85 41%
10th August 20 Lancer Container 35.95 45.8 27%
Nikhil Adhesives 125 191 53%
Mangalam Drugs 82.4 105.1 28%
Financial Weekly

August 2020 53
INVESTMENT
- Nowadays record participation is being witnessed by retail in-

vestors, this sounds alarming bell in my head
- New participants should refrain from trading in F&O as they are
very risky and they are instruments which should be used for
hedging and not for trading
- It has been also seen that many Bankrupt companies and the com-
panies with very bad results have gone up 3-6x in short period of time, it can be
a big concern for retail investors if they are struck in them at highs
- Investors should only invest or Trade in Fundamentally good companies avail-
able at good valuations
- According to me Cash Stocks which are fundamentally weak may fall big time
with lower volumes in coming days
- Some companies trade at exponentially high PE's, investing in these companies
can be risky as they have the risk of going down swiftly even with little diver-
gence in performance of the company.
INVESTMENT IDEAS…
CYBERTECH SYSTEMS AND SOFTWARE LTD
(532173 & NSE) (54.40) (Face Value Rs.10)
CyberTech is a CMMI Level 3 company focused on SAP digitalized solutions and nextgeneration spatial
analytics. The Company delivers the benefits of SAP S/4HANA with digital business processes that im-
prove customer experience, provide real-time and predictive insight and increase productivity. The Company's
spatial analytics deliver substantial digitization benefits by integrating maps with enterprise data. CyberTech
is a trusted partner for several global enterprises, helping them with Cloud transformation. The Company
has strategic relationships with Cisco, Microsoft, ESRI and SAP.
It has an equity base of just Rs.27.54 crore that is supported by reserves of around Rs.66.60 crore. The
promoters hold 37.61% while the investing public holds 62.39% stake in the company.
Company has posted robust numbers for Q1FY21. During Q1FY21, Its PAT grew 77.05% to Rs.5.17
crore as against Rs.2.92 crore on 16.19% higher income of Rs.30.36 crore fetching an EPS of Rs.1.88.
During FY20, its PAT zoomed 29.23% to Rs.13.22 crore as against Rs.10.23 crore on 16.60% higher
income of Rs.112.82 crore fetching an EPS of

Rs.4.81. Currently, the stock trades at a P/E of
10x.
Its recent high rate was Rs.93.65 which was
formed on 12th January 2018. Stock almost cor-
rected 42% from recent high.
Everyone, whose financial advisor is allow-
ing to trade in this stock for medium term to long
term can watch with stop loss of 45.
Cont....
Financial Weekly

August 2020 54
INVESTMENT
UTTAM SUGAR MILLS LTD

(532729 & NSE) (90.60) (Face Value Rs.10)
Uttam Sugar Mills Limited (USML), a part of
the 'Uttam Group`, is one of the leading inte-
grated sugarcane processing company, hav-
ing corporate office at Noida, (U.P.) India. The
group's continuous efforts in the direction of
harnessing the full potential of sugarcane, has
enabled it to develop most modern sugar com-
plexes in India with facilities to produce Re-
fined Sulphurless Sugar, White Plantation
Sugar, Ethanol and Power. The company op-
erates through three segments: Sugar, Cogeneration, and Distillery. It also produces ethanol; and gener-
ates electricity from bagasse/biomass. The Company has four sugar units. Out of these four units three
sugar units produce 100% "Sulphurless Sugar" using "Defecomelt" process instead of conventional "Double
Sulphitation". This effort would bring the company to the forefront on the Indian Sugar Map and the vision of
serving the country with quality product, meeting international standards. The company has co-generation
facilities in all its four sugar plants. The total power generation capacity in four plants is 103 MW, out of
which 55.5 MW surplus power is exported to National Grid. Uttam Sugar Mills Ltd has signed Power Pur-
chase Agreement (PPA) with two DISCOMS for exporting surplus power. The entire power being gener-
ated in all the plants is through Bagasse / Biomass, which is a clean "Zero Carbon Footprint" fuel. It is
produces Ethanol at its Barkatpur Plant. This unit has installed capacity of 75 Kilo Litres per Day (KLPD)
It has an equity base of just Rs.38.14 crore that is supported by reserves of around Rs.248 crore. The
Promoters hold 75% while the investing public holds 25% stake in the company. Out of 25% Well-known
investors Anil Kumar Goel holds 4.75% and Seema Goel holds 2.32% stake in company.
Company has posted strong numbers for Q1FY21. During FY21, its PAT zoomed 89.62% to Rs.28.69
crore against Rs.15.13 crore on 17.92% higher sales of Rs.409.46 crore. Currently, the stock trades at a P/
E of just 5.35x. Everyone, whose financial advisor is allowing to trade in this stock for medium to long term
can watch with stop loss of 79.
ARIES AGRO LTD

(532935 & NSE) (73.60) (Face Value Rs.10)
Incorporated in 1969, Mumbai based Aries Agro Limited, together with its subsidiaries, manufactures
and supplies micronutrients and other customized nutritional products for plants and animals in India. The
company's products include EDTA chelates, amino acid chelates, soluble and sulphur based fertilizers,
pesticides, fisheries and animal nutrition, crop management products, other plant nutrients, and secondary
plant nutrients. It also deals in veterinary products. Company has very wide distribution network across the
country. It operates along a distribution channel comprising of about 6,800 + distributors and a direct retail
touch point of more than 86,000 + dealers. Its reach extends to most of the major fertilizer consuming
Cont....
Financial Weekly

August 2020 55
INVESTMENT
districts of the country. Its retail
outlets are spread over 27 states
in India.
It has an equity base of just
Rs.13 crore that is supported by
reserves of around Rs.181.21
crore. Its share book value works
out to Rs.150 and the price to book
value ratio stands at just 0.49x. For
Q1FY21, its PAT soared 42.82%
to Rs.5.67 crore from Rs.3.97
crore in Q1FY20 on 34.56% higher
sales of Rs.86.67 crore fetching an EPS of Rs.4.36. Its recent high rate was Rs.293 which was formed in
October 2017. Stock almost corrected 71% from recent high. Everyone, whose financial advisor is allowing
to trade in this stock for medium to long term can watch with stop loss of 60.
INDBANK MERCHANT BANKING SERVICES LTD

(511473 & NSE) (8) (Face Value Rs.10)
Incorporated in 1989, Indbank Merchant Banking Services Limited is engaged in providing merchant
banking, stock broking, depository participant and allied activities. The Company is also engaged in distri-
bution of Mutual Fund products. The Company's advisory services include valuation of shares and other
financial instruments; syndication of loans; acquisitions; mergers and amalgamations; project counseling,
and appraisal and feasibility studies. The
Company enables its customer to trade
from anywhere under Internet-based trad-
ing system. The Company's e-services in-
clude Internet-based dematerialized
(demat) account statement (IDeAS) and
SPEED-e facility. INDBANK Merchant is
a subsidiary of Indian Bank.
The Promoters (Indian Bank) hold
64.84% while the investing public holds
35.16% stake in the company. Its recent high rate was Rs.38.50 which was formed in January 2018. Stock
almost corrected 79% from recent high. Volume indicates that something is cooking in this counter. Every-
one, whose financial advisor is allowing to trade in this stock for medium to long term can watch with strict
stop loss of 6.50.
Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in
the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make pur-
chases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest
obviously in their going up or down as the case may be.
Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources
believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their
own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or
responsible for any legal or financial losses made by anybody.
Financial Weekly

August 2020 56
INVESTMENT
«kÞ{heMarket
Primary {kfuox - Dilip K. Shah
Uncertainty prevails in the market as after taking a bullish turn in first

week of August, stocks slowdown in the second week
Long queue of IPOs to enter the primary market, but companies in Wait &Watch mode
BSE SME IPO of Trekkingtoes.com to open at a fixed price of Rs. 105 of August 18
SME IPO of Suratwwala Business lists at a slight premium
Rights issues of Spencer Retail, Satin Creditcare, and Minda Ind. in market this week
Should one apply to the rights issue of Satin Creditcare at Rs. 60 apiece?
Rights issue of Minda Industries to open on August 25 and close on September 8
Government to allot Rs. 10,000 crore Fund of Funds to MSMEs
Rights issues of Refex Ind., M&M Financial, and
Gateway Distriparks closed last week
The Indian stock markets took a bullish U Turn in the first week of August. However, the
markets took a reverse turn in the second week. The Sensex and Nifty lost the crucial levels
of 38,000 and 11,300 respectively at the end of the week. The smart upward movement that
was seen in the stocks since mid-June came to a halt.
The hopes that a queue of IPOs will follow the IPO of Mindspace REIT have been dashed.
In absence of any mainboard IPOs, the MSME IPO of Trekkingtoes.com (Hippo Cabs) and
the rights issue of Satin Creditcare are set to hit the market. The rights issue of Minda
Industries will also open on August 25.
The rights issue of Spencer Retail will close on August 18, while the shares of Suratwwala
Business got listed on BSE SME exchange on August 13.
SME IPOs
The shares of Suratwwala Business Group were listed on BSE SME platform last week.
The BSE SME IPO of Trekkingtoes.com is slated to open on August 18.
Suratwwala Business Group's listing (543218)

The company had issued shares at Rs. 15 apiece. The shares got listed at a slight pre-
mium at Rs. 15.45 per share. The shares touched a high of Rs. 16.22 and low of Rs. 15.45
before closing at Rs. 16.22. The shares closed sligihtly higher at Rs. 16.30 on Friday, August
14.
Cont...
Financial Weekly

August 2020 57
INVESTMENT
Trekkingtoes.com (Hippo Cabs) BSE SME IPO

Sr Company Open Dt. Issue size Offer price Minimum Lead Rating Remark
Close Dt. (Rs. Cr.) (Rs.) Applications Size Manager (Out of 50%) %
1. Trekking- 18-8-2020 4,33,200 Eq. 105 1200 Eq. Shares Fast Track
26% AVOID
toes.Com 20-8-2020 (Rs. 4.54 Cr.) (Rs. 1,26,000) Finsec
Trekkingtoes.com (Hippo Cabs)

Suratwwala Business
Listing Information Startup Issue
BSE Code 543218 This Jaipur-based company provides online rental
cab services. It provides intercity travel services
Listing Date 13-8-2020
through more than 4,000 registered vehicles and 1,500
Offer Priced Rs. 15.00
vendors. The company plans to raise Rs. 4.15 crore by
Listing Price Rs. 15.45 issuing 4,33,200 shares at a fixed price of Rs. 105 per
Listing Day High Rs. 16.22 share. The issue will open on August 18 and close on
Listing Day Low Rs. 15.45 August 20. The minimum application size is 1,200 shares.
Closed Rs. 16.22 The shares will be listed on BSE SME platform. The
CMP (14-8-20) Rs. 16.30 lead manager of the issue is Fast Track Fin. while
KFintech Pvt. Ltd. is the registrar. A detailed analysis
of the IPO is given in a separate box. Cont...
Government to allot Rs. 10,000 crore

'Fund of Funds' to stressed MSMEs
To provide equity support of Rs. 50,000 crore to stressed MSMEs, a Fund of Funds of
Rs. 10,000 crore will be operationalized soon. The government has announced the Fund
of Funds scheme as a part of the Rs. 20.97 lakh crore Atmanirbhar Bharat Abhiyan
package. The objective of the Fund of Funds scheme is to help MSMEs at a time when
they are facing shortage of equity and low revenues because of the Covid-19 hit. Banks
have announced an emergency credit line for MSMEs to help improve their liquidity situa-
tion. As another measure to enhance liquidity, banks are likely to extend subordinated
debt that is guaranteed by the government to troubled MSMEs. The Fund of Funds
scheme will be operated through a Mother Fund. It will enable MSMEs to expand in size
and capacity and also encourage them to list on the mainboard of stock exchanges.
Banks have also launched Gold Loan scheme for MSMEs under which Rs. 88 crore have
been sanctioned in a month.
Financial Weekly

August 2020 58
INVESTMENT
Right Issues
Sr Company Issue Open Dt. Issue size Offer price Ratio & Listing Lead Manager Recommedation
Issue Close Dt. (Rs. Cr.) (Rs.) Record Dt.
1. Spencer’s 4-8-2020 1,06,04,563 Eq. Shares 75 2 Shares BSE ICICI Securities
Retail to (Rs. 79.53 Cr.) Per Share for every NSE AVOID
18-8-2020 15 shares
held as on
29-7-2020
2. Satin Creditcare 12-8-2020 1,99,82,667 Eq. Shares 60* 48 Shares BSE Corporate Professional Capital Attractive
to (Rs. 119.29 Cr.) Per Share for every NSE (Apply
26-8-2020 125 Shares more than
helds as on alloted)
5-8-2020
3 Minda Industries 25-8-2020 1,00,00,000 Eq. Shares 250 1 Shares for BSE Next Week
to Per Shares every 27 Shares NSE
8-9-2020 (Rs. 250 Cr.) (F. V. Rs. 2) helds as on
17-8-2020
* Rs. 15 is to be paid on application for the number of shares applied and remaining amount of Rs. 45 Per share will be paid on one or more subsequent
calls as determined by the board
Rights Issues
Five rights issues were open in the market last week of which the issue of Refex Ind.
closed on August 10, that of M&M Financial on August 11, and that of Gateway Distriparks
on August 13. The rights issues of Spencer Retail and Satin Creditcare are currently open.
Spencer Retail
The issue opened own August 4 and will close on August 18. The company is issuing
shares at Rs. 75 apiece. Shareholders are eligible to apply for two shares for every 15
shares held. The company will raise Rs. 79.53 crore by issuing 1.06 crore shares. This
column had published a detailed analysis of this issue last week. The column had advised
investors to avoid the rights issue.
Satin Creditcare
The issue opened on August 12 and will close on August 26. The company plans to raise
Rs. 119.29 crore by issuing over 1.99 crore shares to existing shareholders at Rs. 60 per
share. This is an attractive issue, and shareholders should apply for the maximum eligible
quantity.
Should one apply to the issue of Satin Creditcare?
The company is a Micro Finance company and was earlier known as Satin Leasing &
Finance Limited. The company provides hassle-free and affordable finance to low-income
households. It provides microfinance mainly in rural and semi-rural markets. It has 1,383
branches and 34.6 lakh customers across 23 states. The assets under management are to
the tune of Rs. 8174 crore. Satin Creditcareplans to raise Rs. 119.29 crore by issuing over
1.99 crore shares to existing shareholders at Rs. 60 per share. Shareholders can allow for
Cont...
Financial Weekly

August 2020 59
INVESTMENT
Satin Creditcare RE price jumped 40% to Rs. 26

&
Spencer Retail RE price down to Rs. 18
48 shares for every 125 shares held on the record date of August 5. Applicants will be
required to pay Rs. 15 per share along with the application, and the remaining Rs. 45 later.
The issue will close on August 26.
The company's paid-up equity capital is Rs. 52.04 crore, which will go up to Rs. 72.02
crore following the issue. Promoter holding is 30%. Corporate Professional Capital Pvt. Ltd.
is the lead manager of the issue, and Link Intime is the registrar.
Financial Performance
In 2018, the company reported consolidated income of Rs. 1031.24 crore and net profit of
Rs. 74.80 crore. In 2019, the income was Rs. 1445.14 crore and net profit Rs. 201.50 crore.
For financial year 2020, income was Rs. 1503.43 crore, and net profit Rs. 154.47 crore. Book
value of the shares is Rs. 264.03. On a post issued diluted basis, the shares are trading at a
PE multiple of 3.37. The price to book value is 0.34.
The share is trading at Rs. 70 currently. The shares touched a 52-week high of Rs. 300
and low of Rs. 53. The market cap is Rs. 527.55 crore. The EPS is Rs. 21.7.
Recommendation
The company has reported strong growth in turnover in the last three years. However, net
profit fell in the last year. The PE ratio and P/BV are attractive as compared with its peers.
The company is offering shares at a 64% discount to the book value in the rights issue.
Moreover, the offer price of Rs. 60 is at a 12% discount to the current price. Looking at the
improvement in performance of microfinance companies after the lockdown, the rights issue
is a good opportunity. The price of partly paid Right Entitlement (RE) has zoomed 40% to Rs.
18.65.
Minda Industries
This auto equipment manufacturer plans to raise Rs. 250 crore by offering shares at Rs.
250 apiece to existing shareholders. Shareholders can apply for one share for every 27
shares held. The issue will open on August 25 and close on September 8. A detailed analysis
of this rights issue will be published in this column next week.
Financial Weekly

August 2020 60
INVESTMENT
Companies gear up for massive fundraising to face the

Corona crisis and challenges in these uncertain times
August Kranti for Indian companies
Raise Rs. 26,000 crore through QIP
HDFC raises Rs. 14,000 crore and
Axis Bank Rs. 10,000 crore in this month
Fund raising Fundraising has emerged as a big challenge in times of
Coronavirus crisis. The Reserve Bank has reduced the key
through QIP lending rates sharply, but banks are not passing on the full
Cos. Rs. Cr. benefit to corporates, and there is an opinion that the actual
HDFC 14000 lending rates are still high. In this situation, companies have
Axis Bank 10000 taken the equity route for fundraising, and with considerable
InfoEdge 1875 success. Indian companies are known for converting a cri-
Alembic 750 sis into an opportunity. Indian corporate world has raised
PI Ind. 2000
Rs. 26,000 crore in August so far only by way of Qualified
J.M. Fin. 770
Institutional Placement (QIP). Companies have raised Rs.
Kotak Mah. Bank 7422
36,000 crore through this route since April.
HDFC has launched a Rs. 14,000 crore QIP on August 5. It has set a floor price of Rs.
1838.94 for the issue. The mortgage lender is also looking to raise Rs. 9,000 crore
through secured non-convertible debentures.
Additionally, Axis Bank launched a Rs. 10,000 crore QIP issue on August 4. It has set
a floor price of Rs. 442.29 per share for the offering. The bank plans to raise Rs. 8000
crore as the base deal size with an option to increase the total funds raised by another
Rs. 2000 crore. The Bank had raised Rs. 12,500 crore through a QIP issue in September
last year. Its total capital adequacy ratio stood at 17.29% at the end of June. The fundraising
would increase the bank's Tier I capital by almost 150 basis points.
Moreover, InfoEdge has also launched a QIP to raise Rs. 1875 crore. It has set Rs.
3177.18 per share as the floor price for the issue. PI Industries and Alembic Pharma are
the other companies that are planning to launch QIP issues.
Bank of India has also finalized plans to raise Rs. 1000 crore through QIP route in the
coming months. Kotak Mahindra Bank had raised Rs. 7442 crore through QIP in May.
Financial Weekly

August 2020 61
INVESTMENT
Trekkingtoes.Com BSE SME IPO (Startup Issue)

Issue Opens on 18th Aug. & Closes on 20th Aug.
Offer price Rs. 105 ; Listing on BSE SME Platform
Company incurred significant losses since inception
Unlikely to achieve profitability in near future
Considering very costly valuations better to avoid this issue
Incorporated in 2012, Trekkingtoes.com Limited offers travel aggregator platform and cab rental ser-
vices online. The customers can book the cabs through website (www.hippocabs.com), mobile app
(HippoCabs) and call booking service. It has more than 4000 registered vehicles and 1500 vendors for
intercity services. The company provides route specific approach (enabling the client to pay only for
one way and for drivers to have customers on both the sides) and dynamic pricing model across 200
cities in India. The company is also engaged in offering Currency Conversion, Software Consultancy,
and Data Base trading Services in India as well as international markets.
Issue Details
• Issue Opens on 18th August & Closes on 20th August, 2020
• Object of the issue : Strategic initiatives and investments, Repayment and pre-payment of a portion
of certain indebtedness availed by the company, General corporate purposes.
• Issue Size : 4,33,200 Fresh Equity
• Face Value Rs. 10, Total Rs. 4.54 Cr. Financial Performance Consolidated Basis
• Offer price Rs. 105 Per Shares Particulars (Rs. Cr.) FY-18 FY-19 FY-20
• Minimum Lot : 1200 Shares Total Revenue 0.17 4.84 2.70
• Listing : BSE SME Platform Profit After Tax -0.44 -1.07 0.03
• BRLM’s : Fast Track Fintec Pvt. Ltd. EPS -436.40 -1012.12 0.23
• Market Maker : Nidhi Broking Services. RONW (%) -66.84 -95.28 270.62
• Registrar : KFin Technologies.
• Company Management :
Mr. Sahil Agrawal and Mr. Sagar Agrawal are the promoters of the company.
• Pre Issue Promoter Holding 87.40%
• Issue Constitute 27.04 % of the post issue paid up capital
• Agverage of last 3 Yrs. EPS Rs. -14.10 & RONW 92.41%
• Pre IPO Equity Capital Rs. 1.17 Cr.
• Post IPO Equity Capital Rs. 1.60 Cr.
• Pre IPO P/BV Ratio : 1312.5 (NAV : 0.08) (31-3-2020)
• Post Issue P/BV Ratio 3.28 (NAV : 32.03) • Post IPO asking P/E on fully diluted equity : 545
• Industry Peer Group PE Ratio : No Listed Peers
• BRLM’s Performance : Total 3 Issue Handaled in last 3 Years. In Last 3 listing 2 Issues opened with
premium & 1 Issue at Discount.
Other Side of Coin
• Its sixth start-up IPO
• The average cost of acquisition of equity shares to the promoter is Rs. 10 to 13.50 and offer price Rs. 105
• It has issued 1105800 Equity shares at par and 1112 shares at Rs. 5395.66 as right issue in Novem-
ber 2018 and 52200 shares at Rs. 110 per shares in April 2020
• It has made huge loss during FY 18 & FY 19 hence break - even position is unlikely in near term
• It has limited operating history
• Company doesn't own registered office.
Recommendation :- It's a startup IPO. Company incurred significant losses since inception except
last fiscal - Due to huge losses unlikely to achieve profitability in near future. Considering very high
valuations, better to avoid wasting your money in this IPO
Financial Weekly

August 2020 62
INVESTMENT
Smart Best Buy S. N. Zaveri
Amber Enterprise (Rs. 1736.00) (Code : 540902)

Amber’s Q1 revenue was hit by lower volume offtake by its key clients mainly due to lockdown.
However, according to the management, inventory liquidation at channel level started soon after
relaxation from lockdowns. Inventory at the channel level was at 10 lakh units by the end of Q1FY21
against 25 lakh units in Q4(2019-20). Strong demand from tier 2, 3 cities would help it to further
reduce by Q3FY21. Further, its component and mobility business (39% of topline) is also gaining
traction with improved demand for room air conditioners. Under the component & mobility busi-
ness, performance of ‘Sidwal’ remains intact with EBITDA margin of 17% during the period. The
company estimates industry’s RAC and components imports would grow 2.5-3x to Rs 27000 crore
by the end of FY25E. This bodes well for Amber as it is market leader in the RAC original equip-
ment manufacturer/original design manufacturer (OEM/ODM) industry with 55% volume market
share. Buy.
Affle (India) (Rs. 2101.00) (Code : 542752)

Affle India stock was on fire last week after the company's June quarter numbers came. Its net
profit rose 42.3 per cent on a yearly basis to Rs 18.77 crore. Net profit margin expanded by 2.7 per
cent YoY. Revenue was up 20.37 per cent at Rs 89.77 crore. EBITDA stood at Rs 22.5 crores, an
increase of 20.3 per cent. CPCU business continued its positive momentum delivering a total of
1.7 crore of converted users in Q1. Meanwhile, Affle India announced the signing of definitive
agreements to acquire 8.0% ownership in Talent Unlimited Online Services (Bobble AI), India.
Affle has secured exclusive global ad monetization rights of tech products of Bobble AI for 5 years.
Bobble AI is the Conversation Media Platform offering indigenous social keyboard with 10+ pat-
ents filed and significant investments from Xiaomi and SAIF Partners. Bobble AI's flagship offering
- Bobble Indic Keyboard includes speech-to-text capabilities and is accessible in approximately
100 international languages including 23 Indian languages. Buy this momentum stock.
L&T (Rs. 982.00) (Code : 500510)

L&T to emerge stronger in the post-COVID-19 era and further consolidate its market share in
the Indian Construction industry.While challenges related to order inflows, execution, and working
capital cannot be completely ruled out yet, L&T has demonstrated a good show in mitigating such
risks thus far. With a robust order book in hand and a sturdy pipeline, revenue assurance is healthy.
Also, the greater proportion of revenue from its Services business would result in margins improv-
ing. The company has said that the execution will improve going forward. L&T stock is trading at
PE of 22 with Price to book value ratio of just 2 which looks very attractive given the size of the
company. Invest.
Cont...
Financial Weekly

August 2020 63
INVESTMENT
SBI (Rs. 196.00) (Code : 500112)

State Bank of India, has reported standalone net profit of Rs 4,189.34 crore for June quarter of
FY21, supported by a one-time gain from stake sale in SBI Life for Rs 1,539.73 crore. This was
81.18 per cent higher than the Rs 2,312.2 crore net profit reported in the June quarter of FY20. On
a quarterly basis, the net profit grew 17 per cent from Rs 3,580.8 crore reported in March quarter of
FY20. On a consolidated basis, the net profit came in at Rs 4,776.5 crore, up 61.88 per cent YoY,
from Rs 2,950.5 crore reported in Q1FY20. The bank's operating profit increased by 36.35 per cent
on a yearly basis to Rs. 18,061 crore in Q1FY21 from Rs 13,246 crore in Q1FY20. Net interest
income (NII) was up 16.1% at Rs 26,641.6 crore. Net Interest Margin (NIM) improved 23 bps to 3.24
per cent. Net NPA were Rs 42,703 crore, down from Rs 51,871.3 crore in Q4FY20. The ratio was
1.86 per cent, down 37 bps QoQ. Credit Growth, meanwhile, stood at 6.58 per cent YoY, mainly
driven by Retail (Personal) Advances (12.85 per cent YoY) and Foreign Office Advances (11.19
per cent YoY). Funds have accumulated SBI stock in July. Join them.
HAL (Rs. 1295.00) (Code : 541154)

Hindustan Aeronautics Ltd (HAL) share price surged over 10 per cent on Wednesday and Thurs-
day consecutively to hit a fresh 52-week high of Rs 1215, after the Ministry of Defence approved
the capital acquisitions of various platforms and equipment worth Rs 8,722.38 crore required by
the Indian Armed Forces. HAL stock price has rallied over 160 per cent from March lows of Rs 448
apiece, taking the total market capitalisation of the company to Rs 36,949.82 crore. With Hindustan
Aeronautics Limited having successfully developed basic trainer aircraft (HTT-40) prototypes and
certification process underway, the DAC approved procurement of 106 basic trainer aircraft from
HAL to address the basic training requirements of the Indian Air Force (IAF). The stock is in total
control of bulls. Buy.
(SEBI Registered Research Analyst)

* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on
14th August, 2020 unless specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though,
every care has been taken, we will not responsible for any errors / omissions o All disputes are subject to Ahmedabad jurisdictioner
Financial Weekly

August 2020 64
INVESTMENT
Dalal Street Whispers Dilip K. Shah

Cadila Healthcare (Rs. 395.00) (Code: 532321) :- This Gujarat-based company
has launched the Remdesivir, used to treat Covid-19 patients, in the Indian market. Remdac is the
most economical Remdesivir brand in India, almost 30% cheaper than Cipla'sCipremi. The com-
pany has committed to supply 8,15,000 doses to the government.
IDFC (Rs. 26.60) (Code: 532659) :- Shares of IDFC, the holding company of IDFC First
Bank and IDFC Asset Management Company, have risen 22% in two sessions. IDFC is expected
to soon sell stake in IDFC First Bank which will lead to significant value unlocking.
Balaji Amines (Rs. 718.00) (Code: 530999) :- This specialty chemicals maker has
announced very good numbers for Q1. Net profit shot up from Rs. 18.5 crore to Rs. 31.58 crore. The
pre-tax profit rose 41% to Rs. 42 crore.
Affle India (Rs. 2101.00) (Code: 542752) :- This advertising media sector company
has acquired 8% stake in Bobble for Rs.19.8 crore.
Exide (Rs. 162.00) (Code: 500086) :- Shares of this battery manufacturer rose 5%
after the company announced June quarter results. The growth outlook is strong as demand is
shifting from unorganized and small players.
Siemens (Rs. 1211.00) (Code: 500550) :- The shares were range-bound since March,
but current is being seen after announcement of June quarter results. The company's business is
slowly reaching the pre-Covid levels. Recovery is also expected in the Capex cycle in the coming
months. The share can be considered by short to medium term investors.
Kansai Nerolac (Rs. 475.00) (Code: 500165) :- Shares of this paints company
jumped 11% during the week in spite of sharp decline in volumes in June quarter results. Analysts
are bullish on the stock due to recovery in automobile industry volumes and the company's focus
on urban and semi-urban areas.
Apollo Tyres (Rs. 129.00) (Code: 500877) :- The first quarter was a weak one for
tyre companies. However, rise in demand for tyres in replacement market after lifting of lockdown
augurs well for companies such as Apollo, Balkrishna Industries, Goodyear, JK Tyre, MRF, etc.
Bharat Forge (Rs 494.00) (Code: 500493) :- The company has reported better than
expected numbers for March quarter. Its units are working at relatively high capacity utilization.
MPS Limited (Rs. 441.00) (Code: 532440) :- The board of this publishing solutions
provider has approved the proposal to buy back 5.66 lakh shares at Rs. 600 apiece for a total of Rs.
34 crore. There is a difference of 35% in the current price and the offer price.
Eicher Motors (Rs. 20,130.00) (Code: 505200) :- Shareholders have approved
the proposal to split equity shares of Rs. 10 into ten equity shares of Re. 1 each. The shares are
likely to be split in 2-3 months.
TriveniEngg. (Rs. 76.00) (Code: 532356) :- This sugar sector company will buy
back 61.9 lakh shares at Rs. 105 apiece via tender route. Besides the 30% difference in the current
price and the offer price, it will also benefit from the movement seen in sugar stocks. Cont.....
Financial Weekly

August 2020 65
INVESTMENT
Eveready (Rs. 142.00) (Code: 531508) :- IndusInd Bank has acquired 7.82% stake
in Eveready by invoking pledged shares following a loan default. According to reports, IndusInd
sold the shares to AnirudhDamani at Rs. 150.05 per share.
Quick Heal (Rs. 126.00) (Code: 539678) :- The company has announced very good
numbers for June quarter. Net profit more than doubled from Rs. 11.89 crore to Rs. 24.69 crore,
while income increased from Rs. 57.6 crore to Rs. 73.46 crore.
Ashok Leyland (Rs. 61.55) (Code: 500477) :- This Hinduja Group company re-
ported weak numbers for June quarter. However, brokerage house CLSA has upgraded the stock
to a 'Buy' with a target price of Rs. 80.
Divi's Labs (Rs. 3093.00) (Code: 532488) :- The company's consolidated profit for
June quarter jumped 81% to Rs. 492 crore, whereas income rose from Rs. 1193 crore to Rs. 1748
crore. The Covid-19 pandemic has had little impact on its operations.
Lemon Tree (Rs 30.00) (Code: 541233) :- The share has been on fire in the last three
days. Experts expect quick recovery in hospitality sector going ahead. MotilalOswal and Kotak
Institutional Equities have given 'Buy' ratings on the stock.
Tata Power (Rs. 54.00) (Code: 500400) :- The company reported 10% rise in a tough
June quarter. Moreover, it plans to merge three subsidiary companies with itself for better opera-
tional efficiencies.
Mindspace Business (Rs. 300.00) (Code: 543217) :- The shares got listed on the
exchanges last week at a 10% premium to the issue price of Rs. 275. Nomura Investment has
bought over 62 lakh shares at Rs. 302.45 apiece, while Capital Income Builder bought more than
51 lakh shares at Rs. 303.44 per share.
Hatsun Agro (Rs. 736.00) (Code: 531531) :- Promoter RG Chandramogan has
increased his stake in the company by buying 1.32 lakh shares from the open market.
Punjab Chemical (Rs. 500.00) (Code: 506618) :- The shares surged 20% on
August 12 after the company's net profit for June quarter jumped 80% to Rs. 11.12 crore.
Tanla Solutions (Rs. 172.00) (Code: 532790) :- The shares are in focus after the
company reported turnaround results in June quarter. It reported a profit of Rs. 78.60 crore as
against a loss of Rs. 89.1 crore last year.
E-Clerk (Rs. 675.00) (Code: 532927) :- The shares hit the upper circuit after the
company reported 30% jump in net profit for June quarter. EBIDTA margin jumped 5.92% for the
quarter.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may
have investment in this stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am
recommending • Stop loss is useful for Short / Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising
out of investment based on tis advices • Past performance may or may not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI
Regn No. : INH000002152
Financial Weekly

August 2020 66
INVESTMENT
Investor’s Third Eye

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

FOR STOCK MARKET INVESTMENTS
(AUG 17TH TO AUG 22ND 2020)
In this prospective week Venus and the speculative planet had taken its position in the house of
mercury- Gemini, mars in the house of aries, mercury and sun in its own house- Leo, Jupiter in its
own house along with ketu in Sagittarius, moon occupies its position in cancer, leo and virgo
houses, Saturn in its own house- Capricorn. The great specialty in this week is Sun in its own
house- Leo, mars in its own house- aries, Saturn in its own house- Capricorn, the wealth planet
Jupiter also stays in its own house- Sagittarius and for 17th and 18th august 2020, moon also
remains in its own house- cancer. This planetary position in fact acts more favorable to the stock
price movements in several sectors such as government based stocks, aviation, defence, Tele-
communication, Health , pharmaceuticals, solar energy, agro based sector, fertilizers, agro based
machinery, coal, iron and steel, transformer producing sector, lithium battery and energy produc-
tion, consumer durables . On 17th and 18th august 2020, venus along with Rahu in Gemini and
Jupiter and Ketu taking seventh position in Sagittarius along with mars taking eleventh position
towards Gemini house in aries favours the market. From 19th august to 21st august 2020, the
conjunction of moon , mercury and sun in leo houses and upiter taking fifth position towards the
house of leo in Sagittarius along with ketu tends to favour the market where by mars taking ninth
position in aries favors the market to great extend. IRCTC, RITES, Bharat Dynamics, Hester bio
sciences, Nath Biogenes, JK Agri genetics, Globus spirits, kaveri seeds, Hathway teleco Nath
Biogenes, JK Agri genetics, Globus spirits, Network 18, laurus lab, Panasonic energy, new india
assurance,panceabiotech fresh trop fruits ltd, dabur, ITc tends to outperform.
Astrological planetary predictions for

GOLD PRICE MOVEMENTS
(AUG 17TH TO AUG 22ND 2020)
17th aug and 18th aug 2020 :. Moon in the house of cancer and upiter taking its position
along with ketu in Sagittarius along with the lord of Gold - Jupiter brings volatility in gold prices.
19h Aug 2020 to 22nd august 2020 : The conjunction of moon , sun and mercury in
leo taking fifth position towards Jupiter - lord of gold and planet of wealth favours the market where
venus and speculative planet rahu in Gemini taking seventh position towards the Sagittarius house
favor the bullion market.
Financial Weekly

August 2020 67
INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
stockmarket@ganeshaspeaks.com
Sensex Predictions : Dt. 17th August 2020 to 21st August 2020

" Please consider 10 minutes plus and minus in each prediction, and act accordingly. " Ganesha
advises you to compare every prediction with the prediction of the previous time slot.
17-08-2020 Monday
" From 9:30 to 11:30, Nifty will be up. " From11:30 to 14:45, Nifty will do soft side jobbing. "
From 14:45 to 15:30, Nifty will be up.
18-08-2020 Tuesday
" From the beginning, avoid for a few minutes. " Today, volume-based work will be good. "
Presently, Mars is transiting in the Aries sign, thus until 21-2-2021, the market will be in an aggres-
sive pattern. " From where it will open, buy Nifty from there itself. Exit from 10:30 to 11:15. " From
11:22 to 13:33, a W shaped graph will be formed, be ready accordingly. " From 13:33 to 15:00, V-
shaped graph will be formed. So, make the position accordingly. " In the last thirty minutes, it will
be upside timepass.
19-08-2020 Wednesday
" Those of you who are doing long intra-day, they have to be highly careful. Today, the trend will
change three times. Don't be in a hurry from pre-opening to starting. " Sun-Moon-Mercury, all three
are together today. " From 9:45 to 11:45, overall, the larger part will be slightly positive. " From
11:45 to 13:00, overall, the larger part will be slightly negative. " From 13:00 to 13:30, there will be
a temporary bounce back. But by how many points, it is difficult to say. " From 13:30 to 14:30, Nifty
be down. " From 14:30 to 15:30, Asian markets will be somewhat positive. They may have an effect
on Nifty.
20-08-2020 Thursday
" The opening will be okay. " Today and tomorrow the Nifty pattern may be similar. Observe and
then act today. " From 9:30 to 11:15, Nifty will be up. " From 11:15 to 14:40, Nifty will be slightly
down. " From 14:40 to 15:30, Nifty will be up.
21-08-2020 Friday
" It can be called a timepass opening. " Today, there may be more jobbing in Banks Nifty than
Nifty. " (1) Jupiter in its own house, (2) Saturn in its own house, (3) Mars is in its own house, (4) Sun
in its own house, " The strength of all these four planets may be good for personal horoscope but
will be different for Nifty. " Around 10:15 and 11:00, there will be upslot in Nifty. " Around 14:34
there may be temporary down in Nifty. " Now let us talk about intraday, which is as follows - " From
9:30 to 11:00, the "A" group stocks will have a positive effect on Nifty. " From 11:00 to 13:00, it can
be called a very boring time. There will be movement on both sides." From 13:00 to 14:30, Ganesha
is not enjoying this slot much. So go for put side jobbing. " In the last one hour, call side jobbing
may increase.
Financial Weekly

August 2020 68
INVESTMENT
Hexaware Technologies
receives shareholders nod for delisting;
Experts warns of delisting failure if investors turn greedy
Hexaware Technologies received nod from its shareholders for de-listing from the stock
exchanges on August 10th. The voting for the same was open from July 9 till August 8th. HT
Global IT Solutions, the holding company for Baring had offered ?285 per share to purchase
the remaining shares to take its shareholding over 90%, and then go private. Baring PE Asia
currently holds 62.4 percent stake in Hexaware.
Backed by the delisting offer news, the stock of Hexaware has gone up by 53 per cent to
Rs 400 since June 4th as against the overall IT index which has gained 24 per cent and NSE
bellwether NIFY by 13 per cent.
According to Dinker Shanbhag, Chief Dealer at Lotus Global Equities Pvt Ltd: “The surge
in the stock price of Hexaware is not based on fundamentals and investors need to be
cautious. Market participants has to be cognizant to the fact that the promoter of Hexaware
is a Private Equity fund and not a MNC promoter. PE funds are not emotionally connected
with any company and they have a certain life-cycle for an investment with any company.
For them value pricing is key, they may just not accept the discovered price if they don’t see
value at this level. Hexaware may go the INEOS way of failed delisting offer”.
The stock of INEOS dipped 40 per cent since its delisting offer failed as the discovered
price was Rs 1,100 as against the indicative offer price of Rs 480. The company even
refused to put up a counter offer. The stock had gained from Rs 389to Rs888 on speculative
buying, during the offer period.
The report from Goldman Sachs following Q2 results states that the recent rally in Hexaware
Technologies stock price is influenced more by expected outcome of shareholder ballot
results than its earning fundamentals. The US headquartered research house has given a
sell call on Hexaware with a 12-month target price of Rs 296.
Meanwhile, HDFC Securities has maintained its reduced stand on Hexaware with a target
price of Rs 360, following the announcement of company’s Q2 results on July 28th, 2020.
According to the domestic research house, the risk & negatives includes: weakness in travel
& transportation and manufacturing & consumer verticals, lower discretionary spend and
supply side factors can continue to impact application transformation management service-
line and BPS service-line respectively.
Financial Weekly

August 2020 69
INVESTMENT
News Track
JUMPNET envisages to tap

the $100 billion opportunity in India
BSE and NSE Listed, Jump Networks Limited (JUMPNET) - a

technology company that provides next generation digital services
on ultra-low bandwidth to the historically under-served sections of Harshawardhan Sabale,
the society, is all set to capitalise the $100 billion plus opportuni- Managing Director
ties in India through its plethora of offering including JUMP, Edmission, JumpTalk, and more.
Most countries with lower internet access are in Asia and Africa wherein India tops the list fol-
lowed by China, as per visualcapitalist.com report. It further states, interestingly, India has the
highest number of disconnected people despite having the second largest online market in the
world. 50% of the country’s population still doesn’t have internet access—for reference, only 14%
of the U.S. population remains disconnected to the web. However, India has also seen significant
growth—between 2019 and 2020 - the number of internet users in the country grew by 128 million
(+23%). Clearly, India has some untapped potential as well as notable promising growth. Looking
to the positive developments, the share of Jump Networks is an Excellent buy at current market
price.
Harshawardhan Sabale, Managing Director, Jump Networks Ltd said, “The opportunity in India
is the biggest in the world for our technology. Our integrated ecosystem ‘JUMPNET’ – physical
and digital network offering – allows us to reach audiences most others cannot. With offices in
multiple locations, B2B & B2C businesses and a strong and experienced team, JUMPNET’s vi-
sion is to explore the $100 billion+ opportunity in India alone.” He further added, “At JUMPNET, we
constantly strive to create state-of-the-art, affordable technology solutions to build, develop and
facilitate the sustainable digital inclusion of the masses across the globe.”
JUMP -a direct to consumer brand and its offering comprises multiple digital products and ser-
vices at an ultra-low price point with zero additional data cost when accessed through their SIM-
enabled set top box (STB).
Edmission offers a ‘phygital’ model of education for learners and educators across the world. It
is also the first truly democratic platform for educators to reach out to potential learners by having
access to completely equipped studio shoot facilities as well as an integrated learning manage-
ment system (LMS).
JumpTalk is a Voice over Internet Protocol (VoIP) service and a video conferencing solution for
businesses that enables users anywhere in the world to make high-quality audio and video calls to
anywhere in the world.
GAIA AgriTech works with farmers of the Konkan region to produce organic milk and eggs in a
transparent, no middle-men, technology driven environment.
Financial Weekly

August 2020 70
INVESTMENT
Reveiw of SMART INVESTMENT Last Issue

Amazing 25% RETURN
SMART GAIN FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
10-8-2020 High (%) 10-8-2020 High (%)
HIDDEN GEM SMART TIPS
Bajaj Steel 159 184 15.72 GSPL 208 217 4.33
MARKET SCAN Everest Ind. 213 243 14.08
SRF 4081 4224 3.50
IDFC First Bank 27 31 14.81
Auro Pharma 906 949 4.75
Mishra Dhatu 209 214 2.39
STAR 523 609 16.44
RAPID FIRE STOCKS SMART SUPER DUPER
Axis Bank 433 450 3.93 Globus Spirit 134 166 23.88
HDFC Bank 1043 1067 2.30 Asahi Songwon 217 229 5.53
CIRCUTI BRAKING STOCKS Sun Pharma Adavne 180 187 3.89
Hilton Metal 8.76 10 14.16 Bhavi Chaal
Trigyn Techno 35 40 14.29 Lancer Container 35 43 22.86
DARK HORSE Managlam Drugs 82 100 21.95
Tarmat 34 42 23.53 DALAL STREET GUPSUP
STOCK BUZZ FDC 337 345 2.37
Kaya Limited 205 234 14.15
Quick Heal 124 140 12.90
TECHNICAL TALK
Saint-Gobain 49 53 8.16
Bharat Dynamics 419 460 9.79
ITI 134 142 5.97 Xchanging Solution 65 67 3.08
SURE SHOTS Triveni Engg. 72 78 8.33
Amara Raja Batteries 717 749 4.46 Astral Poly 1048 1089 3.91
Torrent Pharma 2865 3011 5.10 Tata Consumer 519 539 3.85
Aarti Drugs 1882 2353 25.03 LUPIN 879 957 8.87
Jubilant Foodworks 1871 1893 1.18 Prince Pipes 136 154 13.24
Dalmia Bharat Sugar 126 144 14.29 Steel Strips Wheels 419 440 5.01
SCRIP TO WACH Yes Bank 14 16 14.29
Astral Poly 1048 1089 3.91 Essel Propack 259 276 6.56
Bombay Burmah 1360 1530 12.50
Exide Ind. 161 167 3.73
Voltas 593 618 4.22
Wockhardt 309 318 2.91
MARKET TIPS
Tata Consumer 518 539 4.05 SBI 190 203 6.84
Abbott India 16188 16975 4.86 SPARC 180 187 3.89
IEX 183 194 6.01
Only Subscribers will get SMART PLUS NEWSLETTER
on their E-mail Address
Log on to..... www.smartinvestment.in
Financial Weekly

August 2020 71
INVESTMENT
Editor : Dilip K. Shah
ARCHI PUBLICATIONS
311 to 313, Nalanda Enclave, Pritamnagar 1st Dhal, Ellisbridge, Ahmedabad-6. GUJARAT, INDIA
Phone : 079 - 2657 66 39, Fax : 079 - 2657 99 96 • Mob. : 0982500 6980
E-mail :
smartinvest25@yahoo.in / smartinvest25@gmail.com / info@smartinvestment.in
Disclaimer :- Investment recommendations made in Smart Investment are for information
purposes only and derived from source that are deemed to be reliable but their accuracy and
completeness are not guaranteed. Smart Investment or the analyst / writer do not accept any
liability for the use of this column for the buying or selling of securities. Readers of this column who
buy or sell securities based on the information in this column are soley responsible for their ac-
tions. The author, his company or his acquaintance may / may not have positions in the scrips
featured herein
Subscription Chart
D(en)O(f)W(ealth) / Dow Scheme
1 Year 2 Years 3 Years
1. Den Of Wealth 5000 10000 15000
E-mail Edition (Soft Copy) (Every Sunday Morning)

Smart Investment Weekly 1 Year 2 Years 3 Years
1. Gujarati Edition 1800 3200 4500
2. English Edition 1100 1850 2650
E-mail Edition (Soft Copy) of Smart Plus News Letter

(Every Sunday Night) * For Private Circulation only
1. Smart Plus 1400 2500 3300
Combined Package for Weekly & News Letter

Guj. & English Weekly E-Copy (Every Sunday Morning)
With Smart Plus News Letter (Every Sunday Night)
1. Gujarati + Smart Plus 2700 5000 7400
2. English + Smart Plus 2100 3900 5400
Contact : 079-26576639 (M) 9825006980

smartinvest25@gmail.com , smartinvest25@yaoo.in
: : : Bank Details : : :
HDFC Bank : Current A/c No. : 00062560008858
Beneficiary Name : Archi Publications
RTGS / NEFT IFSC : HDFC0000006
Navrangpura Branch, Ahmedabad-380009.
Financial Weekly

August 2020 73
INVESTMENT
-: Warning :-
Your soft Copy (E-mail Edition)

is for your exclusive use only.
Any attempt to share your copy
or
forwarding your copy
to a non-subscriber
will disqualify your membership
&
We will be compelled to stop
your supply
and
forfeit your subscription
thereafter without
any
refund to you.

Web: WWW - Smartinvestment.in: Phone: 079 - 2657 66 39 Fax: 079 - 2657 99 96

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Web: WWW - Smartinvestment.in: Phone: 079 - 2657 66 39 Fax: 079 - 2657 99 96

Uploaded by

Copyright:

Available Formats

Only Financial Weekly Published in

English & Gujarati Language

Editor : Dilip K. Shah

Phone : 079 - 2657 66 39

Government to allot Rs. 10,000 crore Fund of Funds to MSMEs

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

According to the Indian Newspaper Society,

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

FII Activity (Rs. in Cr.)

SMART 16th August 2020 to 22 nd

Contact : (M) 9825006980 & 9979330348

SMART 16th August 2020 to 22 nd

SMART 16th August 2020 to 22 nd

TIME FOR A CORRECTION

SMART 16th August 2020 to 22 nd

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

SMART 16th August 2020 to 22 nd

Amines & Plasticizers Limited

SMART 16th August 2020 to 22 nd

Financials Year Ended FY19-20 Year Ended FY18-19 % Change

Total Income 403.19 crs 457.67 crs -11.9%

Net Profit 24.60 crs 16.43 crs 49.73%

EPS 4.47 2.99 49.5%

Rs.1.08 for the period ended June 30, 2019.

Financials Q1 FY2020-21 Q1 FY2019-20 % Change

Total Income 76.76 crs 108.10 crs -28.99%

Net Profit 7.61 crs 5.93 crs 28.33%

EPS 1.38 1.08 27.78%

SMART 16th August 2020 to 22 nd

INDIA BULLS VENTURES

SUDDEN CHANGE OF FORTUNES : In order to up the position of

SMART 16th August 2020 to 22 nd

DAIKAFFIL CHEMICALS : one should keep a close watch on this counter

CCCL : Going at just 30 paise. (Consolidated Construction consortium) Rs. 2 paid

MINDTECK BSE: 517344 | NSE: MINDTECK Rs.28A case of turn

SMART 16th August 2020 to 22 nd

SMART 16th August 2020 to 22 nd

Rapid Fire Stocks

Kalpna J (Email- Kjtech79@gmail.com)

Hindustan Unilever Limited

SMART 16th August 2020 to 22 nd

Rapid Fire Stocks

SMART 16th August 2020 to 22 nd

SMART 16th August 2020 to 22 nd

Technical View on Nifty

Chart 1: Nifty - Daily

SMART 16th August 2020 to 22 nd

Technical View on Bank Nifty:

Chart 2: Bank Nifty - Daily

SMART 16th August 2020 to 22 nd

Wishing you a profitable week ahead!

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

SMART 16th August 2020 to 22 nd

REVIEW OF “SMART PLUS NEWS LETTER”

Only Subscribers will get SMART PLUS NEWSLETTER

SMART 16th August 2020 to 22 nd

Alternative Investment Returns Monitor

Value of Rs. 1 Lakh Invested in Various Asset

Top 5 SIPs Top 5 MIPs

SMART 16th August 2020 to 22 nd

IMPROVING REALISATIONS AND

20 out of 33 Nifty cos that have declared Q1

SMART 16th August 2020 to 22 nd