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FII ACTIVITY (Rs. in Cr.)

DATE BUY VALUE SELL VALUE NET VALUE
15-11-21 8557.01 8132.27 424.74
16-11-21 9633.7 10194.37 -560.67
17-11-21 9321.89 9666.24 -344.25
18-11-21 8781.77 12712.39 -3930.62
19-11-21 HOLIDAY
TOTAL 36294.37 40705.27 -4410.8
DII ACTIVITY (Rs. in Cr.)
DATE BUY VALUE SELL VALUE NET VALUE
15-11-21 6336.76 4812.09 1524.67
16-11-21 6404.64 5827.3 577.34
17-11-21 5736.59 5797.73 -61.14
18-11-21 6846.1 4960.44 1885.66
19-11-21 HOLIDAY
TOTAL 25324.09 21397.56 3926.53
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Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 6

D(en)O(f)W(ealth)
Performance of our last 3 Month Recommendations
Rec. Date Company Name Recomm. Remarks
3rd August 21 FLEX FOOD Buy at 141 sl.133 Book 50% profit at 144 and 50% profit at 148 in intraday
5th Aug 21 FLEX FOOD Buy at 128.5 sl 122 Book 50% profit at 137 on 9th August & stop loss of 122 click later
6th Aug 21 ARTEFACT PROJECTS Buy at 49 sl 45 Book full profit at 56 in intraday trade
6th Aug 21 BENGAL TEA Buy at 74 sl 61 Book 50% profit at 85 on 9th August & stop loss of 61 click later
9th Aug 21 LUDLOW JUTE Buy at 91 sl 81 Made a high of 107 after our reco
11th Aug 21 VEDAVAAG Buy at 48 sl 39. Book 50% profit at 54 in intraday/ Book full profit at 59.5 on 12th August.
11th Aug 21 RISHIROOP Buy at 706 sl 93 Book full profit at 120 on 13th August
11th Aug 21 MK EXIM Buy at 79 sl 61 Made a high of 103.6 after our reco
18th Aug 21 AJANTA SOYA Buy at 120 sl 101 50% Book profit at 135 on 3rd Sep
20th Aug 21 POLYSPIN EXPORT Buy at 81 sl 69 Book full profit at 86 on 20th Sep
20th Aug 21 ASIAN ENERGY Buy at 141 sl 130 Book 50% profit at 153 on 30th August/Book full profit at 170 on 17th Sep.
24th Aug 21 DENIS CHEM LAB Buy at 54 sl 45 Book 50% profit at 60 on 30th August/Book full profit at 66 on 1st Sep.
24th Aug 21 RAM RATNA WIRE Buy at 126 sl 106 Book 50% profit at 141.50 on 26th Aug.
3rd Sep 21 BSL LTD Buy at 60 sl 48 Book full profit at 70 on 3rd Sep
3rd Sep 21 JAYSYNTH Buy at 81 sl 70 Book 50% profit at 85.5 on 7th Oct/
3rd Sep 21 FAZE3 AUTO Buy at 125 sl 106 Book 50% profit at 141 on 6th Sep/
21st Sep 21 FLUDOMET Buy at 133 sl 115 Book full pforit at 149 on 21st Spe.
21st Sep 21 CITY STEEL SEC Buy at 58.5 sl 51 Made a high of 63.5 after our reco
23rd Sep 21 ARIHANT CAPITAL Buy at 140 sl 122 Book 50% profit at 146.50 on 7th Oct/
28th Sep 21 SPENCERS Buy at 117.5 sl 105 Book full profit at 132 on 1st Sep.
30th Sep 21 LEMONTREE Buy at 46.5 sl 42 Book full profit at 52 on 7th Oct.
30th Sep 21 AGARIND Buy at 351 sl 325 Book 50% profit at 387 on 7th Oct/
14th Oct 21 IBREALEST Buy at 161 sl 145 Made a high of 195.9 after our reco
20th Oct 21 AMD IND Buy at 36 sl 30 Call hold
26th Oct 21 VEDAVAAG Buy at 60 sl 54 Call hold
29th Oct 21 LAHOTI OVERSEAS Buy at 24 sl 23 Call hold
2nd Nov 21 KOLTE PATIL Buy at 338 sl 310. Call hold
4th Nov 21 SHREYANS IND Buy at 122 sl 115 Made a high of 139 after our reco
8th Nov 21 INDSWIFTLAB Buy at 73.35 sl 54 Call hold
11th Nov 221 PARAGMILK Buy at 152 sl 135 Call hold

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Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 7
Financial Weekly

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Nov. 2021 8
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 9
Rapid Fire Stocks

Kalpna J (Email- Kjtech79@gmail.com)

(Ring : 97690 37711) Twitter : @Kj_TechTrades

Voltas Limited
TECHNICAL DISCOURSE: BUY AT CMP : 1240,
TARGET - 1450 TO 1650 , TIME FRAME 3 TO 9 MONTHS
Voltas Limited is a six decade old company in India with expertise in Air Conditioning & Cooling
technology. The company is broadly structured into projects and products business. The projects
business is classified into Domestic Projects Group (DPG) and International Operations Business
Group (IOBG). While the products business is classified into Unitary Products Business Group
(UPBG), Mining & Construction Equipment Division (MCED) and Textile Machinery Division (TMD).

Voltas Limited is Indias largest air conditioning company, and one of the worlds premier engi-
neering solutions providers and project specialists. Voltas Limited is part of the Tata Group, and in
addition to Air Conditioners, Air Coolers, Water Dispensers, Water Coolers, and Commercial Re-
frigeration products; Voltas offers engineering solutions for a wide spectrum of industries in areas
such as heating, ventilation and air conditioning, refrigeration, electro-mechanical projects, electri-
fication, water management & treatment, cold chain solutions, building management systems, in-
door air quality, textile machinery, and mining and construction equipment. Voltas is the market
leader in room air conditioners in India with market share of more than 25% (as per the published
reports for FY19).Voltas operations have been organized into three independent business-spe-
cific clusters viz. Electro-Mechanical Projects & Services, Engineering Products & Services and
Unitary Cooling Products. The companys manufacturing units at located at Thane Maharashtra,
Dadra, a Union Territory and Pantnagar in Uttaranchal. The company has overseas offices in UAE
(Abu Dhabi, Dubai), Bahrain, Qatar (Doha), Kingdom of Saudi Arabia (Jeddah) and Singapore

Cont....
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 10
AXIS BANK
BUY AT CMP : 705, TARGET - 930 TO 985,
TIME FRAME 5 TO 24 MONTHS
Axis Bank is the third largest private sector bank in India. The Bank operates in four segments, namely
treasury, retail banking, corporate/ wholesale banking and other banking business. Axis Bank was incor-
porated in the year 1993 with the name UTI Bank Ltd. Axis Bank is one of the first new generation private
sector banks to have begun operations in 1994. The bank was promoted in 1993, jointly by Specified
Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation
of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New
India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Com-
pany Ltd.
The treasury operations include investments in sovereign and corporate debt, equity and mutual funds,
trading operations, derivative trading and foreign exchange operations on the account, and for customers
and central funding. Retail banking includes lending to individuals/small businesses subject to the orienta-
tion, product and granularity criterion. It also includes liability products, card services, Internet banking,
automated teller machines (ATM) services, depository, financial advisory services, and non resident Indian
(NRI) services. The corporate/wholesale banking segment includes corporate relationships not included
under retail banking, corporate advisory services, placements and syndication, management of publics
issue, project appraisals, capital market related services, and cash management services. The Banks
registered office is located at Ahmedabad and their Central Office is located at Mumbai. With 3,485 domes-
tic branches (including extension counters) and 14,332 ATMs across the country as on 30 September
2017, the network of Axis Bank spreads across 2,033 cities and towns, enabling the bank to reach out to a
large cross-section of customers with an array of products and services. The bank also has nine overseas
offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai and Colombo; representa-
tive offices at Dubai, Abu Dhabi and Dhaka and an overseas subsidiary at London, UK.The Bank has five
wholly-owned subsidiaries namely Axis Securities and Sales Ltd, Axis Private Equity Ltd, Axis Trustee
Services Ltd, Axis Asset Management Company Ltd and Axis Mutual Fund Trustee Ltd

Rapid Fire Stocks

For My Personal Assistance with My
Elite Membership At a Nominal Cost
Whatsapp @ 9769037711
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Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 11
BUY.... BUY....BUY TIPS OF THE WEEK
Co. Name Code Price Co. Name Code Price
Birla Tyres 542932 24.00 Syngene 539268 606.00
Jindal Photo 532624 362.00 Escorts 500495 1802.00
PNB 532461 41.00 SBI Life 540719 1181.00
Shalimar Paints 509874 106.00 LUX Industries 539542 4413.00
GMR Infra 532754 39.00 Tanla Platform 532790 1462.00
Finolex Cables 500144 585.00 Pidilite 500331 2437.00
Motherson S. 517334 237.00 Asian Paints 500820 3226.00
Dollar Ind. 541403 475.00 SRF Ltd. 503806 2187.00
Varroc Engg. 541578 314.00 Dalmia Bharat 542216 2014.00
SBI 500112 503.00 Apollo Hospital 508869 5589.00
Apollo Tyres 500877 223.00 Schaeffler India 505790 7752.00
Birla Soft 532400 468.00 L&T Techno 540115 5615.00
NIIT Ltd. 500304 410.00 Godrej Prop. 533150 2182.00
Radico Khaitan 532497 1127.00 Jay Bharat Ma. 520066 194.00
Rajesh Exports 531500 718.00 Balkrishna Ind. 502355 2312.00

Nifty remained range bound & we have seen

huge Stock Specific correction
during last few days
Now after this
CORRECTION which Stocks will you buy?
To know more about such Stocks
Join Equity99 Telegram Channel.
https://t.me/equity99
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 12
RESEARCH REPORT

DYNAMIC CABLES LIMITED

(540795) (75.95) (Face Value Rs.10)
Dynamic Cables Ltd. is manufacturer Particulars Half Year Ended
of power infra cables that includes LT, HT, H1FY22 H1FY21 % Var.
Sales 247.82 115.13 115.25
EHVC, Power control & instrumentation
PBT 18.16 5.73 216.92
cables, flexible & industrial cables, solar PAT 13.32 4.26 212.67
cables and railway signaling cables. It
supplies cables to Government Discoms, Private Distribution companies, Private EPC con-
tractors, industrial and Export clients. Company has 3 manufacturing plants are situated at
Jaipur and Reengus. Business operations are managed through corporate office in Jaipur
and 5 regional sales offices across India.
It has an equity base of just Rs.22.01 crore that is supported by huge reserve of around
Rs.108.07 crore. The promoters hold 74.16% while the investing public holds 25.84% stake
in the company.
For H1FY22, DCL posted 212.67% higher PAT of Rs.13.32 crore against PAT of Rs.4.26
crore in H1FY21 on 115.25% higher sales of Rs.247.82 crore fetching an EPS of Rs.6.05. At
CMP, DCL trades at PE ratio of just 8.9x.
Commenting on the results, Mr. Ashish Mangal, Managing Director of Dynamic Cables
Limited commented:"We see a revival both in Government spending as well as Private
sector demand. We are quite optimistic about structural reforms like the recent Gatishakti
National Master Plan or National Infrastructure Pipeline, Revamp Distribution Sector Scheme,
etc. We believe it is likely to create a very conducive environment for infra-activity over the
medium term."
On account of strong fundamentals and robust technical, it is likely to
achieve decent levels in 9-12 months. Keep stop loss of Rs.64 for your
buying.
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 13
SMALL BUT BEAUTIFUL IDEAS
Brijesh Barot, Surat (9723108999) brijesh_3011@yahoo.com

SHIPPING CORPORATION OF INDIA LTD

(140.55) (523598 & NSE) (FV 10)
The Shipping Corporation of India (SCI)
(Rs. Cr.) Sept. 2020 Sept. 2021
is an Indian public sector undertaking. It is
under the management of Ministry of Ship- Sales 843.00 1221.00
ping, Government of India with its headquar- Net Profit 131.00 227.00
ters in Mumbai, Maharashtra, India that op-
erates and manages vessels that services
both national and international lines. SCI was
established on 2 October 1961 by the amal-
gamation of Eastern Shipping Corporation
and Western Shipping Corporation. Two
more shipping companies, Jayanti Shipping
Company and Mogul Lines Limited, were
merged with SCI in 1973 and 1986 respec-
tively. SCI started out with 19 vessels. It
gradually metamorphosed into a conglomer-
ate having 80 ships of 59 lakh (5.9 million)
tonnes deadweight (DWT) with interests in
different segments of the shipping trade. On
21 November 2019, the Government of In-
dia approved the privatisation of SCI.

" SCI Provides following Services:

" o Cruise liner and Passenger services
" o Bulk carrier and tanker services
" o Offshore services
" o Company has reduced debt.
" o Stock is trading at 0.76 times its book value
"
" o PROMOTOR HOLDING : 63.75%
" o FII HOLDING : 0.96%
" o DII HOLDING : 10.37%

Technical Speaking: Currently company's share price quoting 140.65 on Thursday close.
Stock is in buy mode on MACD, ADX, SUPER TREND on Daily, Weekly and Monthly basis.
Investor can accumulate between 140/124 for target short term target of 175 medium term
target 225 and long-term target of 276 and more with weekly closing SL of 100
 Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 14

NOW YOU CAN

ADVERTISE
ON OUR
PLATFORM
SCAN THIS
QR CODE

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

Tata Teleservices 79.00 IndiGo 2250.00 Oil India 212.00
Jindal Poly Films 973.00
HDFC Bank 1538.00 JSW Steel 650.00
J.K. Tyres 137.00 Chambal Fert. 365.00
Union Bank 46.00 Mind Tree 4838.00 Hindustan Zinc 323.00
KPIT Techno 449.00
GoldStone Techno 56.00 IndiGo Paints 2300.00 IGL 490.00
McDoweell Holding 166.00
Digjam Ltd. 76.00 Grindwell Norton 1779.00 ONGC 154.00
Borosil Ren. 533.00
Bank of India 59.00 Bharat Forge 779.00 Aurobindo Ph. 639.00
B.F. Utilities 410.00
Supreme Ind. 2231.00 Vedanta 309.00
Pansari Dev. 119.55 Kabra Extrusion 256.00
NTPC 135.00 Eicher Motors 2605.00 HOEC 174.00
IIFL Fin. 325.00
REC 136.00 MRF 77532.00 Jindal Drilling 134.00
Tata Power 236.00
Thomas Scoot 26.80 Maruti 8112.00 Whirlpool 2281.00
Century Ply 674.00
JHS Sevendgaard 24.00 M&M 923.00 Dixon Techno 5384.00
ITC 237.00
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 15
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
jatinsanghavi100@yahoo.com

BEARS TAKE CONTROL

BREAKING CRITICAL SUPPORTS
There was no shortage of bearishness, despite it being a truncated week.
The Bulls were forced on the back-foot from the start of the week when a
Bearish Evening Star was completed on Tuesday. The critical levels of 20dma
and 50dma were taken out with ease as the market slide continued till some
support was found at the Trendline. This Trendline Support (Sensex 59376 and
Nifty 17688), is the Neckline of the Bearish Head & Shoulders pattern. Once
we close below Nifty 17688, the pattern will get completed and then head
towards a Target of Nifty 16668. Only closing above 50dma (17850) and 20dma
(17993), will help Bulls heave a sigh of relief. Only a close above Sensex 61036
and Nifty above 18210 will negate the bearishness and put the Market back on
upward trajectory.

This Weeks Recommendations

Stocks CMP SL Tgt-1 Tgt-2
Buy JKCem 3513 3433 3637 3767
Buy FineOrg 3570 3481 3705 3844
Buy AdaniGreen 1345 1311 1397 1453
Buy CarboUniv 903 882 936 971
Buy BorosilRenew 533 520 555 579

:::: INDEX LEVELS ::::

S3 S2 S1 CLOSE R1 R2 R3
NIFTY 17326 17452 17613 17764 17947 18112 18248
SENSEX 57924 58551 59089 59636 60331 61036 61624
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 16
Smart Education : Ankit Gala : buzzpublishing@gmail.com
Learn to Invest Like Benjamin Graham &
Warren Buffett … (Part 1)
Hope all you readers had a great Diwali. Cur-
rently markets are trading at all-time high and it
would be wise to learn to invest in such a man-
ner that reward ratio is highly in our favour and
all our investments, especially fresh ones have
high margin of safety. Such an investment pro-
cess is often known as Value Investing and is
largely based on principles laid down by legends
like Benjamin Graham and Warren Buffett.
It is a well-known fact that about 90% of people

lose money in stock market, especially the retail investor.

This happens because most of the people enter stock markets with half knowledge, often in-
spired by success stories of others. Also while doing so they never think about the rationale behind
their investment decision.
Another important reason for losses is people take investment related decision based on hu-
man emotions like fear, greed and ego.
In this series of articles, we shall explain the readers, simple but very effective investing prin-
ciples of legendary investors like Benjamin GrahamandWarren Buffet which, if an investor follows,
he can surely create great wealth in long term.
Before we proceed further, I shall give a short introduction about both these legends.
Benjamin Graham :
Benjamin Graham, widely known
as the "Father of Value Investing"
was a British-born American econo-
mist, professor and investor.
He is well known for his two books
Security Analysis co-authored with
David Dodd in 1934 and The Intelli-
gent Investor in 1949. These books
Cont.......
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 17
are often referred to as 'Bible of Investing'.
After graduating from Columbia University at an age of 20 years, Graham started his career on
Wall Street and later on taught his investment philosophy to students of the Columbia University,
UCLA Anderson School of Management at the University of California, Los Angeles.
Throughout his career, Graham had many notable disciples who went on to receive substantial
success in the world of investment, including Irving Kahn, Warren Buffett, Sir John Templeton,
Charles Brandes, etc.
In addition, Graham's thoughts on investing have influenced the likes of Seth Klarman and Bill
Ackman.
Warren Buffett :
Warren Buffett, widely considered to be one of the greatest investors of all time, is an American
investor, business tycoon and philanthropist. He is the chairman and CEO of Berkshire Hathaway.
As of December 2019, his net worth was US $ 88.9 billion, making him the fourth-wealthiest per-
son in the world.
Buffett developed an interest in business and investing in his youth and started investing at an
age of 11 years. He graduated from Columbia Business School where he learnt a lot about invest-
ment philosophy and concept of value investing from Benjamin Graham.
He formed Buffett Partnership Ltd. in 1956, became an millionaire by 1962 and by 1965 he
gained control of Berkshire Hathaway, a textile manufacturing firm, because according to him the
shares of the company were trading way below the value of its fixed assets.
Buffet soon realized that buying a textile business had been his worst trade and he slowly trans-
formed Berkshire Hathaway into a conglomerate with holdings in the media, insurance, energy
and food and beverage industries.
In 1978, Charlie Munger joined Buffett and became vice-chairman of the company. Since then
both Warren Buffet and Charlie Munger have overseen the growth of this conglomerate to make it
one of the largest publicly traded companies worldwide.
Buffett is noted for his adherence to value investing and for his personal frugality despite his
immense wealth. He is a notable philanthropist, having pledged to give away 99 percent of his
fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation.
From next week onwards, each week I shall try to explain one important investing principle of
Benjamin Graham & Warren Buffett.
To learn more you can read the book Think LikeChanakya and Invest Like Graham & Buffett by
Ankit Gala &Khushboo Gala. Book is available in English, Hindi, Gujarati and Marathi.
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 18
SMART BANKING & FINANCIAL SERVICES
By Vijaya Kittu M, GetPaidIndia.com
Smart Investment takes this opportunity to review five of the seven mutual fund schemes
currently in NFO.
The author feels investors should constantly track their invested stocks and sectors to have
the edge over the market.
1. NEW FUND OFFERS of Mutual Fund Schemes currently in the offer: Aditya Birla Sun Life
Business Cycle Fund, Axis Nifty 50 Index Fund, Edelweiss Large & Midcap Index Fund,
ICICI Prudential S&P BSE 500 ETF FOF, IDFC Multicap Fund, IIFL Quant Fund, ITI Banking
and Financial Services Fund, Mirae Asset Hang Seng TECH ETF (also in FoF version),
Motilal Oswal MSCI EAFE Top 100 Select Index Fund, PGIM India Global Select Real
Estate Securities Fund of Fund, and Quant Value Fund
2. DRAFT OFFER FILINGS of upcoming Mutual Fund Schemes before SEBI: HSBC Global
Equity Sustainable Healthcare FoF, Aditya Birla Sun Life Nifty SDL Apr 2027 Index Fund,
Mirae Asset Nifty Midcap 150 ETF, BOI AXA Multicap Fund, Tata Real Estate Opportunities
Fund, and Motilal Oswal S&P U.S. IPO & Spinoff FoF
3. INDUSIND BANK launched Indus Merchant Solutions, a comprehensive mobile application
that enables merchants, retailers, and professionals to carry out banking transactions
digitally on a single platform. All current account holders of the bank can install the app
and get registered as a merchant on the platform. Merchants can also apply for small business
loans from within the app.
4. POONAWALLA FINCORP is in the news after the erstwhile promoter Microfirm Capital
Private Ltd sold some shares while the new promoter company Rising Sun Holding Pvt Ltd
acquired slightly more shares in a bulk deal during the week. The NBFC announced having
received a revised rating of BWR AA+/Stable for its Secured NCD and Subordinated NCD
and a BWR AA/Stable rating for its perpetual debt instrument.
5. SBI CARDS AND PAYMENT SERVICES Board has approved the allotment of unsecured,
rated, senior, listed, non-convertible debentures worth Rs. 5 billion maturing in three years.
6. COMPUTER AGE MANAGEMENT SERVICES (CAMS) came out with decent quarterly
results. Its Net Revenuesare up 33% YoY,andEBITDA is at 43% YoY. EBITDA Margin is at
46.5%. Net Profit stood at Rs. 72.6 crores.
7. INDIAN ENERGY EXCHANGE (IEX) has announced December 6, 2021, as the record
date for the bonus issue in the ratio of 2 shares for every one share being held. Its Chairman
and MD SN Goal expressed confidence that digital technologies can help transform the
Indian power sector. He said that IEX has recently deployed Mixed-Integer Linear
Programming (MILP) matching algorithm that enables it to introduce complex bids to support
the participants in meeting their requirements in a dynamically evolving renewable-centric
scenario.

Three-Month Stock Market Training Program

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Live Zoom Sessions with Printed Study Material and hand-holding support
To Register, WhatsApp to +91 98495 19188
Financial Weekly

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Nov. 2021 19

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Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 20
SMART
BUY OF THE WEEK
Dark Horse
Dark Horse-1
KKALPANA INDUSTRIES (INDIA) LTD
(526409) (47.05) (Face Value Rs.2)
Kkalpana Industries (India) Ltd. (KIIL) is into Particulars Half Year Ended
the business of polyethylene (PE) compound, H1FY22 H1FY21 % Var.
Polyvinyl Chloride (PVC) compound and oth- Sales 1093.66 626.38 74.60
PBT 32.25 5.98 439.29
ers. It operates in manufacturing and selling
PAT 24.05 4.84 396.90
of PVC and XLPE compounds. The
company's product range includes PE compounds, including Silane Grafted XLPE Compounds,
PE Black Sheating/Jacketing, and semi conductive thermoplastic compounds; PVC compounds
including insulation and sheating; Filled compounds including Calcium Carbonate in PE, Talc
filled in PE and Calcium Carbonate in PP; Engineered Thermo Plastics, including Talc Filled PP,
and Mineral & Glass filled Thermoplastics; Footwear compounds including PVC, TPR, PVC/NBR
and EVA; Pipe compounds, including PEX (PEX b) and rigid PVC and Ink including printing inks,
Flexo and gravure and MASTERBATCH, including coloured Masterbatches, white Masterbatches,
performance enhancer masterbatches and colour rotomoulding powder.
With an equity capital of Rs.18.81 crore and reserves of Rs.371.26 crore, KIIL's share book
value works out to Rs.41.5 & stock traded at P/BV of just 1.13x. The promoters hold 74.84% of the
equity capital which leaves 25.16% stake with the investing public.
For Q2FY22, KIIL reported 183.37% higher PAT of Rs.13.46 crore as against PAT of Rs.4.75
crore on 46.36% higher sales of Rs.582.07 crore and an EPS of Rs.1.43. During H1FY22, it re-
ported 396.90% higher PAT of Rs.24.05 crore as against PAT of Rs.4.84 crore on 74.60% higher
sales of Rs.1093.66 crore and an EPS of Rs.2.56. Currently, the stock trades at a P/E of just 10.3x.
It paid 10% dividend for FY21.
Investors can accumulate this stock with a stop loss of Rs.39. It may give very good
returns in medium to long term.

Cont...
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 21
Dark Horse-2

MK EXIM (INDIA) LTD:

A Company from high growth Cosmetic business…
(538890) (90.65) (Face Value: Rs.10)
M K EXIM is a pioneer in international cos- Particulars Half Year Ended
metic brands marketing in India through dis- H1FY22 H1FY21 % Var.
tribution network in 106 cities. Their core biz Sales 32.99 18.99 73.72
was textiles till 2020 where revenue were 60% PBT 7.52 2.05 266.82
but in 2021 the composition is changed to 60% PAT 5.64 2.05 175.12
FMCG and 40% textiles. This is Jaipur based co specialised in introducing new international brands
in India and positioning them in India with proven track record. Getting into beauty products and
establish is the most challenging job and M K EXIM has done it hence only success has to follow
now. They are the exclusive distribution of JOHN PAUL MITCHELL. They also have exclusive
distribution ship of Moroccanoil in India. Recently even BCL USA brand is also with the co. Cur-
rently co has network in New Delhi, Bangalore, Pune, Hyderabad, Ahmedabad and Chennai. M K
EXIM has so far reached 5500 salons as class customers and expects to see this rising to 25000 to
30000 salons in just next 2 years. Moroccan oil is the luxury brand in argan hair oil. It has powerful
antioxidant and UV protector and rich in vitamins. Salon industry is the biggest buyers of these
products. M K EXIM is also in the process of adding 5 to 7 more international brands in cosmetic
distribution which will widen the scope and help reach 30000 salons.
It has an equity base of Rs.8.97 crore that is supported by reserves of around Rs.33.22 crore.
The promoters hold 41.90%, while the investing public holds 58.10% stake in the company.
During Q2FY22 it has reported fantastic numbers. For Q2FY22, MKEXIM posted 102.55% higher
PAT of Rs.3.18 crore on 17.90% higher income of Rs.14.82 crore and an EPS of Rs.3.54. During
H1FY22, PAT grew 175.12% to Rs.5.64 crore from Rs.2.05 crore on 73.72% higher income of
Rs.32.99 crore fetching an EPS of Rs.6.29. Currently, the stock trades at a P/E of just 6.5x.
Stock is looking highly attractive at CMP for an investment purpose. Investors can
accumulate this stock with a stop loss of Rs.75. It may give very good returns in
medium to long term.
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 22
Stock Buzz
Subramanian Mahadevan
dolphincapital@gmail.com

Sagar Cement Limited (Rs.265)

Emerging National player!
Sagar Cement Limited (SCL) - is a Hyderabad based and one of one of India's leading
cement manufacturer with an installed production capacity of 5.75 MTPA. For over three
decades, been committed to creating lasting stakeholder value while maintaining a sustain-
able growth outlook with our robust foundation and a steady growth focus.

The brand name 'Sagar' embodies 'strength', 'endurance' and 'progress'. These aspects,
together, inspire us to develop high-quality products customized to customers' changing
needs, while ensuring the lowest possible carbon footprint. We manufacture Ordinary Port-
land Cement (OPC) of grade 53 and 43, Portland Pozzalona Cement (PPC), Sulphate Resis-
tant Portland Cement (SRPC), Portland Slag Cement (PSC) and Ground Granulated Blast-
furnace Slag (GGBS).Sagar Cements is an efficient player in South India with cement ca-
pacity of 5.75 MT. Region wise, AP/Telangana accounts for ~60% of sales followed by Tamil
Nadu (16%), Karnataka (9%) and balance from Maharashtra & Odisha. From being primarily
a south-based player, the company will be able to develop a presence in the faster-growing
eastern market and the more profitable central market with commissioning of new 2.5 MT
capacity by December 2021 and hence the total capacity will stand enhanced to 8.25MT.
Self-reliance in power (61.5 MW), ability to switch between coal and pet coke for fuel re-
quirement and split grinding units near market gives it cost advantage.Within 2021, SCL
plans to add 2.25 MTPA of capacity to its portfolio, with the investments in Odisha and
Madhya Pradesh. By 2025, the company envisage to increase total capacity of 10 MTPA.With
capacity expansions into high growth regions like East & Central i.e. 1MT in Madhya Pradesh
and 1.5MT grinding unit in Odisha, we expect strong growth momentum going forward. Given
the healthy outlook, cost efficiency, healthy b/s and relatively inexpensive valuations, stock
looks attractive and can easily provide 30 to 50% returns in 18 to 24 months.
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 23
- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789

Nifty Overview : In Last Trading Session, Nifty closed at 17770. As

informed in earlier article, Nifty has resistance at 18215 levels and it indeed
went down from those levels. Nifty looks negative and can go down further.
Nifty resistance is at 18140/18215/18340 levels. Until it does not close above
18215, Nifty remains negative. One can Sell Nifty at rise with SL 18250. Nifty
may go down till 17200 levels if it does not close above 18215 levels.
Bank Nifty Overview : In Last Trading Session, Bank Nifty is at
support, however, it seems that it may break support. Next support for Bank
Nifty is at 36900 levels. For Bank Nifty to be positive it has to close above
38900 levels. Bank Nifty range for now is between 35600 and 38900.

Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Glenmark 532296 482 455/460 490 520 444
IBulsHsgFin 535789 216 200/205 220 245 195
Lupin 500257 898 880/890 905 935 870
PNB 532461 41.6 38/40 44 48 35
RBL Bank 540065 202 190/195 225 245 184

Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
ACC 500410 2437 2500/2530 2425 2350 2590
Apollo Hospitals 508869 5613 5725/5750 5600 5500 5835
Mindtree 532819 4810 4880/4890 4800 4700 4950

Note : All calls are momentum calls based on technical analysis and all levels as per future prices (If scrip
not available in futures then BSE Cash price). All these calls are given based on daily charts but intra-day
signals are equally important to enter the trade in a timely manner. Timing is very important and we at
shareinfoline.com give you timely calls based on intra-day charts. Read Disclaimer at ShareInfoline.com
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 24
Smart Education - Yog Joshi
Technical Analysis
From
Basic to Advance

Chart Kuch Kehta Hai !!!

Different Type of Candlesticks Chart Patterns
Hello Friends,
Hope you all are doing well...
Today we are going to discuss various type of trend reversal pattern..
It's a really very important and interesting topic for how to know or forecast probability of
trend reversal or price reversal from current level on the basis of treder's psychology, de-
mand and supply, previous support and resistance level

First we start with "Double Top"

Double Top is known as Up Trend reversal pattern and its mainly form at Top of the Up
Trend, in this type of pattern two almost same type of top form on the top of the Up Trend, in
this pattern when price matured at top of the Up Trend and finally came back and got support
Cont...
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 25
from its previous support area ( At
Neckline) and start journey toward Up
side but with respect to its previous
resistance area ( First Top Level)
stock faced huge selling pressure or
supply will be more as compare to
demand due to fear as price was
came down from this price area pre-
viously with reference to its past re-
sistance (Top of the First Top) if we
found any bearish reversal candle-
stick pattern like Doji, Shooting star,
Hanging Man, engulfing bearish, dark
cloud cover on the top ( We already
discussed this pattern is previous is-
sue of Smart Investment) its play an
important role to create bearish at-
mosphere at current price level and
in this situation buyers are not agree
to hold this stock for further price appreciation
and finally stock price start to decline and its
may stop or it may come to its previous sup-
port level ( At Neckline level), if it got support
from previous support level, price will start to
appreciate and if it crossed the past resistance
level i.e. both the top level so it will may make
new high and it may continue of previous Up
Trend, but if it unable to get support from neck
line and show neckline breakout it means its
an end of current Up Trend and its a sign of
trend reversal and price will fall down up to
past previous strong support till identified.
The Double Top pattern is easy to under-
stand with the help of shared pictures..
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 26
Double Bottom - ( Down Trend Reversal Pattern )
Double Bottom is known as Down Trend reversal pattern and its mainly form at bottom of
the Down Trend, in this type of pattern two almost same type of bottom form at the bottom of
the Down Trend, in this pattern when price matured at bottom of the down trend and finally
came back and got resistance from its previous resistance area ( At Neck line) and start
journey toward down side but with respect to its previous support area ( First Bottom Level)
stock faced huge buying support or demand will be more as compare to supply due to grid as
price was came up from this price area previously with reference to its past support (
Previous Bottom area) if we found any bullish reversal candlestick pattern like Doji, Hammer
, Inverted Hammer, engulfing bullish, bullish harami piercing pattern on the second bottom (
We already discussed this pattern is previous issue of Smart Investment) its play an impor-
tant role to create bullish atmosphere at current price level and in this situation buyers are
agreed and greedy to buy this stock for further price appreciation and finally stock may stop
further decline and start to appreciate and its come to its previous resistance leve ( At Neck
Line level), if stock price break its previous resistance level, price will start to appreciate
further and there is a now possibility to stock may create upward side movement from this
neck line break out point and we can consider this neck line break out point as a trend
reversal point, from this point stock may start its journey toward up wards direction, and if it
failed to crossed the past resistance level, it may come down at past support level to test
support once again, if not get proper buying support and stock made lower low as compare to
previous support price zone it may possibility to stock may go further down from this area
and we have to wait for some other bullish reversal signal.
Double Bottom is down trend reversal pattern which is more easy to understand with the
help of shared picture..

I hope this article will help you to understand the

Greed, Fear, Sentiment and Psychology behind the
candlesticks chart patterns.
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 27
TECHNICAL TALK
Dhananjay Kadam - TECHNICAL ANALYST

Corrections Are Temporary, Growth is Permanent

* Nifty : NF Index closed at 17746 with loss of nearly two percent and formed a
bearish candle on weekly chart hinting weakness in the markets. Now next good support for
the market is coming near 17650. Head and shoulder pattern is in making. Today not com-
pleted but need to take caution if closed below 17650 with good volume then Nifty can come
down till 16600 .
Nifty took support on 50DMA it can come upside also but we nee to take caution .
If NIFTY gives closing below 17650 with good volume then 16600-400 possible.
Auto, metals and the IT sectors were a major drag: Although all sectors on the BSE and
the NSE were down, BSE Metals dropped 2.76 percent, the Nifty Auto index fell by 2.6
percent, and the Nifty IT lost 1.8 percent.

* Cash Figs 18/11/2021

FII SELL NET RUPEES ( - 3930.62 ) CR
DII BUY NET RUPEES ( + 1885.66 ) CR
* Wipro, the country's third-largest IT services company by market capitalisation, is going
to be a part of BSE Sensex from the month of December 2021.
However, two-and-three-wheeler maker Bajaj Auto will be excluded from the BSE bench-
mark index.
* Turkish Lira Crashes To Record Low After Central Bank Cuts Rates Again
Cont...
Turkish Central Bank says will Ease Policy again in December.
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 28
* 18/11/2021
BSE Sensex: 59636.01 (-372.32) • Nifty 50: 17764.80 (-133.85)
NIFTY MID CAP 100: 31271.40 (-457.60) • NIFTY SMALL CAP 100: 11036.90 (-182.50)
India VIX - 14.85 • Brent Crude: $80.03
Gold: $1863.27 = INR 49150 • Silver = INR 66334 • Rs/$: 74.24
6.10% GOI 2031: 6.35% • US 10 Yr Yield - 1.60%
FII / FPI Activity: (3930.62 crs)
DII Activity: 1885.66 crs
SENSEX PE / PBV : 28.10 / 3.66 • NIFTY 50 PE / PBV : 24.51 / 4.45
NIFTY MIDCAP 100 PE / PBV : 29.49 / 3.69
NIFTY SMALLCAP 100 PE / PBV : 30.48 / 3.96

* SECURITIES IN BAN FOR TRADE DATE 22-NOV-2021

1)BHARAT HEAVY ELECTRICALS LTD 2)ESCORTS LTD 3)VODAFONE IDEA LTD 4)NATIONAL
ALUMINIUM CO LTD 5)STEEL AUTHORITY OF INDIA LTD 6)SUN TV NETWORK LTD

# Trident (Rs 45.2) : Trident Limited, the flagship company of the Trident
Group, is a leading manufacturer of yarn, Bath Linen, Bed Linen and wheat straw-based
paper, Chemicals and Captive Power. Currently, the company has manufacturing facilities in
Barnala (Punjab) and Budhni (Madhya Pradesh).
Leadership : Largest Manufacturer of terry towels in the world. World’s largest wheat
straw-based paper manufacturer. Forward & Backward integration of operation.
Trident is the second-largest player in home textiles and the third-largest yarn manufac-
turer in India.
Market Cap Rs. 23,034 Cr.
52 Week High / Low
Rs. 45.2 / 7.49
Stock P/E 35.3
Book Value Rs. 7.05
Dividend Yield 0.80 %
ROCE 10.2 %
ROE 10.3 %
Face Value Rs. 1.00
* Company has reduced debt.
* Company has been maintaining a healthy dividend payout of 51.08%
Technicals : Bullish flag breakout on daily. Buy in a range of Rs 45 - 42 for a price target
of Rs 59. Stop-loss is Rs 39 on daily closing basis.
Time frame is 16 days.
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 29
Techno Funda Sachin Shah :
growyourwealthwithsachin@gmail.com
(Mumbai)

sound stocks M. : 9372277340

Some of superb recommendations for Smart Readers

Recomm. Date Stocks Recomm. Achieved Appreciation
Rate Rate (%)
5th April-21 LTTS 2720 4644.8 70.76%
24th May-21 Easy Trip Planners 240.8 717.65 198.03%
21st June-21 LAXMI ORGANIC 225.65 628 178.31%
21st June-21 PRIVI SPECIALITY CHEM 1088.35 2044 87.81%
19th July-21 THIRUMALAI CHEM 168 284.9 69.58%
16th August 21 CESC 78.15 96.9 23.99%

BAYER CROPSCIENCE LTD (506285 & NSE)

(4732.65) (Face Value Rs.10)
Bayer CropScience Limited is the flagship company of the Bayer Group in India and is
publicly listed on the BSE & NSE. Bayer CropScience Limited enjoys a unique position in the
market because of its capability to offer new innovative products, technologies, processes,
services and business models. Other legal entities under the Bayer Group in India include
Bayer Pharmaceuticals Private Limited, Bayer Zydus Pharma Private Limited, Bayer
BioScience Private Limited, Bayer Vapi Private Limited, Monsanto Holdings Private Limited,
Monsanto Investments India Private Limited and Mahyco Monsanto Biotech (India) Private
Limited. In fiscal 2020, the Group employed around 100,000 people and had sales of 41.4
billion euros.
Fundamental Data:
Cash Flow: Positive
Debt Free
NPM: 11.57%
OPM: 18.82%
Pledge: 0%
Promoter Holding: 71.43%
ROCE: 30.05%
ROE: 19.32%
Accumulate on dips for target of 5850 within 15 to 18 months.
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 30
Terrific Shots - Dilip K. Shah

Radico Khaitan (Rs. 1127.00) (Code: 532497) :- The stock is at an all-time high.
The company is a leading producer of IMFL. It used to operate as a bulk spirit supplier earlier but
entered the brand segment with the launch of its brand 8PM in 1998. It now has presence in all
verticals such as whisky, rum, brandy, wine, etc. Its vodka brand Magic Movement is also quite
popular. It is aggressively launching new brands in the premium segment. For the September
quarter, its profit fell from Rs. 75 crore to Rs. 73 crore, while income went up from Rs. 630 crore to
Rs. 709 crore. Its equity is Rs. 26.68 crore and reserves of Rs. 1869 crore. The A group listed
shares touched a 52-week high of Rs. 1215 and low of Rs. 422. The company has a market cap of
over Rs. 15,000 crore. Promoter holding is 40.27%, while mutual funds and FIIs hold 17.29% and
20.06% respectively.
Schaeffler India (Rs. 7756.00) (Code: 505790) :- Shares of this B group listed
industrial machinery company’s shares touched a 52-week high of Rs. 8377 and low of Rs. 3752.
The company makes ball-rolling bearings for automotive and multiple core industrial segments. It
is a part of Germanys Schaeffler AG and occupies a leading position among bearings suppliers in
the passenger car segment. Indian Railway is the most important client of the company. Its main
brands include FAG, INA, and LUKA. For the September quarter, the company reported income of
Rs. 1487.58 crore and profit of Rs. 170.81 crore. Operating profit margin and net profit margin were
18.84% and 11.48% respectively. The company is likely to achieve EPS of Rs. 200 for the whole
year. Promoter holding in the company is 74.13%. The board has approved the proposal to split
equity shares of Rs. 10 into five shares of Rs. 2. The stock can be seen touching Rs. 8,000 in the
short term, and Rs. 9,500 in the medium to long term.
Vinati Organics (Rs. 1960.00) (Code: 524200) :- Shares of this A Group listed
speciality chemicals company have a face value of Re. 1. The shares touched a 52-week high of
Rs. 2180 and low of Rs. 1080. The company makes industrial monomers and polymers and is
considered a pioneer in this segment. Vinati’s equity is Rs. 10.28 crore and reserves of Rs. 1634
crore. Its performance has improved in recent quarters. For the September quarter, income in-
creased from Rs. 219 crore to Rs. 374 crore, and profit from Rs. 62 crore to Rs. 81 crore. For the first
half, income went up from Rs. 451 crore to Rs. 760 crore, and profit from Rs. 134 crore to Rs. 162
crore. Promoter holding is 74.06%. Any decline in the stock must be seen as a buying opportunity.
The company has a market cap of Rs. 20,148 crore.
L&T Techno (Rs. 5615.00) (Code: 540115) :- A group listed L&T Technology Ser-
vices had come up with its IPO in September 2016 and had issued shares at Rs. 860 apiece. The
L&T subsidiary has given excellent returns to investors. The shares touched a 52-week high of Rs.
5819 and low of Rs. 1645. The company’s market cap is Rs. 59,208 crore. Promoter holding is
74.15%, while FIIs and MFs hold 9.50% and 5.52% stake respectively. For the September quarter,
its income went up from Rs. 1314 crore to Rs. 1608 crore, and profit from Rs. 166 crore to Rs. 230
crore. Operating profit surged from Rs. 233 crore to Rs. 349 crore. Its equity is Rs. 21 crore, and
reserves of Rs. 3792 crore. The next stop for the stock is Rs. 6500.

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

21st Nov. 2021 to 27 th

Nov. 2021 31
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com

Amid ups and downs the downward

movement may continue in the market
BSE Index (59636.01) :- It is moving downward from the top of 62245.43. It shows over-
bought to neutral position on the daily basis, towards oversold on the weekly basis and overbought
on the monthly basis. On upward movement, beyond 59710 it may go up to 59940, 60165 with
resisting level at 60178. On downward movement, below 59376 it may go down to 59240, 59089,
59010, 58780 and 58550.
Bank Nifty Future (38105.70) :- It shows downward movement from top of 41820.80. It
shows towards oversold position on daily and weekly basis, while towards neutral from overbought
on monthly basis. On upward movement, beyond 38315 it may go up to 38470, 38590, 38775 with
resisting level at 38550. On downward movement, below 37821 it may go down to 37560, 37250
and 36950.
Nifty Future (17792.90) :- It shows downward movement from the top of 18594. It shows
towards oversold position on daily and weekly basis, while overbought position on the monthly
basis. On upward movement, beyond 17800 it may go up to 17870, 17940 with resisting level at
18030. On downward movement, below 17692 it may go down to 17580, 17500, 17433 and 17360.
Godrej Properties (2177.40) :- It shows downward movement from top of 2484. It shows
oversold position on daily basis, towards oversold on weekly basis and overbought on monthly
basis. On upward movement, beyond 2233 it may witness resisting level at 2290. On downward
movement, below 2157 it may go down to 2087, 2015 and 1942.
Concor (653.35) :- It shows downward movement from top of 710.80. It shows oversold
position on daily basis, neutral on weekly basis and overbought to neutral on monthly basis. On
upward movement, beyond 667 it may witness resisting level at 672. On downward movement,
below 646 it may witness important lower level at 630 and 622.
Jindal Steel (370.05) :- It shows downward movement from top of 472.65. It shows over-
sold position on the daily and weekly basis, while towards oversold on the monthly basis. On
upward movement, beyond 386 it may witness resisting level at 391. On downward movement,
below 367 it may witness critical level of 347.
National Alu. (94.75) :- It is moving downward from top of 127.95. It shows oversold position
on daily and weekly basis, while overbought to neutral on the monthly basis. On upward movement,
101 could be the resisting level. On downward movement, below 88 it may go down to 84.
Reliance Ind (2473.30) :- It shows downward movement from top of 2602.20. It shows
oversold position on daily and weekly basis, while overbought on monthly basis. On upward move-
ment, beyond 2505 it may witness resisting level at 2530. On downward movement, below 2450 it
may go down to 2430 and 2384.
Disclosure : The Recommendations are based on technical analysis. There is a risk of loss in trading.

Golden quote :-
Beauty is power, a smile is its sword
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 32
Dilip Davda
e-mail Expert’s Eye
dilip_davda@rediffmail.com

Inflation scare keeps a tab on general sentiment

PayTM fiasco may add fuel to the fire
Truncated week with just four sessions though opened on a positive note on Monday and
managed to close flat but in green for the first session gave up amidst rising inflation scare
and as if this was not enough, in the last session of Thursday, PayTM fiasco brought thunder
storm in the market with over Rs. 35000 cr. erosion in the market cap of the company.
Perhaps this mega IPO disaster pave the way for much needed alert on the greed from
promoters and merchant bankers for IPO pricing. Except for Monday, FIIs remained net
sellers and DIIs were net buyers except for Wednesday.

During the week BSE Sensexmoved between 61036.56 - 59376.50andNSE

EX-SPLIT Niftybetween18210.15 - 17688.50.
Bigblock Const. (5 for 1)
Shine Fashion (2 for 1)
For the truncated week, benchmarks posted net weekly Loss of -
Steel Strips (2 for 1)
BONUS MEET 1050.68for BSE Sensex and - 337.95 for NSE Nifty.
Visagar Fin. (25-11-2021)
Axita Cotton (27-11-2021) After starting the week on a positive note on Monday, market
BONUS ANNOUNCED managed to close flat but in green for the first session. BSE Sensex
Rajnish Wellness (5 for 4)
Add Shop (7 for 10) scored mere 32.02 points to close at 60718.71 and NSE Nifty gained
mere 6.70 points to end the day at 18109.45. While all out selling
Ex-BONUS
Medico Remedies (3 for 1) took place in side market, we witnessed rally in Healthcare, Con-
Man Infra (1 for 2)
sumer Durables, FMCG and IT counters while Metal and Banking
Aartech Solo (1 for 2)
Suumaya Corp. (2 for 1) counters eased amidst profit booking at every rise. Mid Cap index
RIGHTS ISSUE outperformed while Small Cap index underperformed and kept mar-
Som Distilleries (1 for 13)
Cont....

DIVIDEND ANNOUNCEMENTS
Bambino Agro (16%), Computer Age (95%), Ipca Lab (400%), Manappuram
Fin (37.5%), National Alumin (40%), PG Foils (20%), Polyplex Corp (150%), Quess
Corp (40%), Zuari Global (20%) etc.
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 33
ket breadth hugely negative. Surprisingly FIIs and DIIs were the net buyers for the day.

Though we witnessed flat but positive openings on Tuesday, after moving both ways, the
market closed in big losses on rising inflation scare. While BSE Sensex ended the day at
60322.37 with a loss of 396.34 points, NSE Nifty closed at 17999.20 with a deficit of 110.25
points. Thus Nifty broke the level of 18K and closed below that. While IT and Auto counters
gained, eased Metal, Consumer Durables, Banking, Oil and Gas counters eased. Though Mid
and Small Cap indices outperformed benchmarks, market breadth remained negative. FIIs
were net sellers while DIIs were net buyers for the day.

On Wednesday, we witnessed negative openings and after moving both ways, the markets
finally closed in red for the second session in a row. BSE Sensex marked deficit of 314.04
points to close at 600008.33 and NSE Nifty lost 100.55 points to close at 17898.65. The only
sigh marketmen felt was of Sensex closing above 60K level. Rally in Auto counters kept a
check on sliding of the benchmarks, but profit booking at every rise remain the order of the
day for Consumer Durables, Oil and Gas. Metal, Banking counters. Mid and Small Cap
indices outperformed benchmarks, but market breadth remained negative. FIIs and DIIs both
were net sellers for the day. However, DIIs selling remained just as a token.

With a negative opening for the second session in a row i.e. Thursday, market moved both
ways to finally end the session in red with big losses and thus we marked hat trick of
negative closings for the week. BSE Sensex lost 372.32 points to end the day at 59636.01
and NSE Nifty marked deficit of 133.85 points to close at 17764.80. BSE Sensex broke the
60K level to close below it. Selling across the board was seen following derailed sentiment
post disaster of PayTM IPO listing at 9% discount and drifting further to close with a hefty
27% discount on a debut day. Mid and Small Cap indices underperformed and kept market
breadth hugely negative. DIIs were net buyers while FIIs were net sellers for the day. As
benchmarks closed below the sentimental barriers, market men fear for continuation of slid-
ing tone in coming few weeks.

On Friday, all markets were closed on account of Guru Nanak Jayanti

Holiday.

Dollar moved around and closed at Rs. 74.25by weekend, Brent crude oil firmed up to
mark 82.10 $ a barrel by weekend.For the ensuing week, we have 100+ corporate results that
Financial Weekly

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Nov. 2021 34
will keep market on a stock specific mode as usual. Global cues will keep a tab on general
sentiment as usual.

In such a scenario BSE Sensex may move in the range of 61000-

57500 and NSE Nifty between 18200-16500.
DISCLAIMER : No financial information whatsoever published anywhere here should be
construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever.
All matter published here is purely for educational and information purposes only and under
no circumstances should be used for making investment decisions. Readers must consult a
qualified financial advisor before making any actual investment decisions, based on informa-
tion published here. Any reader taking decisions based on any information published here
does so entirely at its own risk. Investors should bear in mind that any investment in stock
markets is subject to unpredictable market-related risks. The above information is based on
RHP and other documents available as of date coupled with market perception. The author
has no plans to invest in this offer.

(SEBI registered Research Analyst-Mumbai).

Nifty & Sensex Movement during the last week

Sensex Open High Low Close Diff
15-11-2021 60,837.40 61,036.56 60,597.36 60,718.71 32.02
16-11-2021 60,755.38 60,802.79 60,199.56 60,322.37 -396.34
17-11-2021 60,179.93 60,426.61 59,944.77 60,008.33 -314.04
18-11-2021 59,968.75 60,177.52 59,376.50 59,636.01 -372.32
19-11-2021 Guru Nanak Jayanti Holiday NA
Net Weekly Loss -1,050.6
Nifty Open High Low Close Diff
15-Nov-21 18140.95 18210.15 18071.3 18109.45 6.7
16-Nov-21 18127.05 18132.65 17958.8 17999.2 -110.25
17-Nov-21 17939.35 18022.65 17879.25 17898.65 -100.55
18-Nov-21 17890.55 17945.6 17688.5 17764.8 -133.85
19-Nov-21 Guru Nanak Jayanti Holiday NA
Net Weekly Loss -337.95
Financial Weekly

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Nov. 2021 35
Kishore Purswani
(Email: kishore.purswani@gmail.com)

IPO Issues & Listing

A learning for Investors??
Introduction :- The largest IPO of One -97 communications, parent of Paytm listed with a dis-
count of almost 9% and closed at lower circuit (of 20%) with a discount of more than 27 % on the
listing day. The initial hype which was created had almost vanished even before the IPO opened
and the IPO got a tepid response on account of stretched valuations. Does this indicate the aware-
ness amongst investors? The interesting part of the IPO was the magnitude of secondary issue
(Offer for Sale-OFS) which was Rs. 10,000 Crs.(almost 55% of the issue size)
Analysis of IPOs Listed from 1st Jan'21 to 18th Nov'21 and trading at discount
A detailed analysis of IPOs listed between 1st Jan'21 to 18th Nov'21revealed that 14 out of
51companies listed during the period were trading at a discount of 1% to 48 % of the issue priceon
18th Nov'21. Company wise data is given in Table 1.
Cont...

IPOS LISTED FROM

1st Jan'21 to 18th Nov'21 and trading at DISCOUNT
Co. Name Offer OFS as Issue Price as (%) Change
Size of Issue Price on wrt
(Rs. Cr.) Size (%) (Rs.) 18-11-2021 Issue Price
One 97(Paytm) 18915.9 54.6 2150 1564 -27.3
SJS Enterprises 816.57 100 542 469 -13.5
Fino Payments 1209 75 577 450 -22.0
ABSL AMC 2768 100 712 586 -17.8
Aptus value 2790 82 353 350 -0.9
Nuvoco vistas 5089.29 70 570 515 -9.6
Car trade 2998 100 1618 1050 -35.0
Krsnaa Diagnostics 1222 67 954 650 -31.9
WindlasBiotech 405.95 59 460 295 -35.8
Glenmark life 1513 30 720 627 -13.0
Suryooday small 582.34 57 305 159 -47.9
Kalyan Jeweller 1175 40 87 73 -16.3
IRFC 4633 33 26 24 -9.2
Antony 300.53 72 3115 305 -3.1
Financial Weekly

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Nov. 2021 36
Ten out of the 14 issues were large issues i.e. more than Rs. 1000 crs (except
for Antony waste, Suryoday Small Finance, WindlasBiotechand SJS Enterprises).
Another remarkable similarity is that these issues had a large percentage of OFS
to issue size (30 to 100%). Three companies came out with a pure secondary
issues i.e. 100 % OFS.
Action by Regulators
Taking a cognizance of issues and implicationsinvolved SEBI has taken a
provocative step by writing to Association of Investment Bankers of India (AIBI)
to ensure display of risk factors prominently in advertisements besides DRHPs/
RHPs of IPOs. SEBI also wants the acquisition cost of all transactions in the
three years prior to the listing to be part of the risk factors.
Further, SEBI has come out with a consultation paper seeking views on follow-
ing issues

1. Funds to be set aside for future acquisitions where the target companies
are not known.
2. Condition for OFS for significant shareholders.
3. Lock-in period of shares for anchor investors
4. Monitoring of fund set aside for General Corporate purposes

INFERENCES
It's obvious that few of these companies had brought out IPOs primarily to
provide an exit route to the existing investors. This has resulted in a transfer of
wealthfrom retail investors to PE fund/promoters/large investors.
The steps being taken by SEBI would go a long way in not only in creating
awareness amongst investors and facilitating transparency in application of funds
but also in protection of investor's wealth to some extent.
LEARNINGS
An investor need not shy away from the market but need to carefully pick,
choose and apply for IPOs only with decent valuations. An investor should also
carefully monitor the movement of share prices on and after listing and hold shares
with strict stop losses to prevent erosion of wealth.
Financial Weekly

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Nov. 2021 37
Scrip Watch - Siddharth Shah

Persistent Systems (Rs. 4157.00) (Code : 533179) :-  Management of Persistent

Systems Ltd is seeking to generate annual organic revenue of $1 billion over 6-8 quarters. The
company expects the growth momentum in its services business to continue, while the intellectual
property (IP) business will witness a marginal growth in the near term, and a gradual decline in the
long term. The Pune-based mid-tier IT services firm has clocked $225-300 million in average deal
wins over the past four quarters and this trend is likely to continue. The order booking for the
second quarter stood at $282.5 million in total contract value and $201.1 million in annual contract
value. Persistent Systems has been hard at work growing its top 40-50 accounts, in an endeavour
to clock $1 billion (about Rs 7,300 crore) in revenue. The stock is worth accumulation at every
decline.
SBI Life (Rs. 1181.00) (Code : 540719) : SBI Life Insurance has reported strong
traction in new business growth, with Individual WRP growth of 52% in July and 67% in August. In
FY22 till today, it has delivered Individual WRP growth of 48%, while two-year CAGR stands healthy
at 20%. There has been pick up in business momentum, with growth bouncing back strongly across
all segments. The management is aiming at healthy double-digit growth over FY22E (20-25%),
which would be among the best in the past few years. The company is expected to report 20%
CAGR in APE growth over FY21-24E. Agency channel has shown a strong bounce back and is
contributing well to business growth. Strong momentum in high margin segments such as Annuity
and Credit Life would aid further improvement in VNB margin. Accumulate.
Polycab India (Rs. 2492.00) (Code : 542652) : Polycab India has incorporated a
Subsidiary in India namely “Steel Matrix Private Limited” on November 11, 2021. The Authorised
capital is Rs1 crore while Industry to which the entity being acquired belongs to manufacturing
of steel drums and bobbins for cables and wires. This company will serve as backward
integraton. Polycab India manufactures and sells various types of cables, wires, electric fans, LED
lighting and luminaires, switches and switchgears, solar products, pumps and conduits and
accessories. The company caters to various public and private institutions across a diverse set of
industries, as well as retail customers through its B2C business. Invest.

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

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Nov. 2021 38
Market Tips - Het Zaveri

Apollo Hospitals (Rs. 5589.00) (Code : 508869) :- Apollo Hospitals stock has
seen huge rally. The stock has jumped more than 20 per cent in just last one week. The Q2FY22
performance of AHEL was better-than-expected with a rise in the average revenue per occupied
bed (ARPOB) and a lower average length of stay (ALOS). The company also acquired a 65 per
cent stake in the 180-bed Excelcare Hospital in Guwahati at an enterprise value of Rs 210 crore,
and is seeking to acquire a 300-bed facility in Mumbai in the next few years and 300 more beds in
Bengaluru by acquisition in the next two years. ICICI Securities has a ‘buy’ rating on Apollo with a
target price of Rs 5,930 per share. “Apollo is undergoing optical transformational journey towards
creating an omni-channel healthcare platform that could set the platform for tapping new-age
investors enabling rapid scale up of the digital healthcare platform,” the brokerage firm said in
result update. Accumulate.
Page Industries (Rs. 40515.00) (Code : 532827) : Page Industries is the exclusive
licensee of Jockey international brand and is the market leader in premium innerwear and
leisurewear category. The brand is distributed in 2,895+ cities & towns and available in 100000+
MBOs and 1000+ EBOs. Page sold 148 million pieces in FY21. It has strong backward integration
facilities having capacity of 250 million pieces. Business model is robust which is generating
55%+ RoCE, delivering consistent EBITDA margins of 20%+ and having debt free balance sheet.
Page delivered a good Q2 with 46 per cent y-o-y revenue growth (2-year CAGR 18 per cent).
Efforts are on to find new avenues for growth – kids and athleisure range along with penetrating the
rural markets. Buy.
L&T Technologies (Rs. 5615.00) (Code : 540115) : L&T Technologies has been
selected as an engineering partner by Mavenir and NVIDIA, to accelerate the adoption of the
industry’s first converged AI-on-5G. The company will support Mavenir with customisation, integration
and deployment of AI applications for deployment on NVIDIA’s AI-on-5G Platform. 5G and AI are
two inseparably linked technologies— both poised to significantly improve the performance of
applications and solutions and enabling huge amounts of data to be processed in real-time.
Meanwhile, the company has entered into an agreement with Microsoft to offer LTTS’ Energy &
Sustainability Manager Solution on Microsoft Azure to digitally transform and create sustainable
factories of the future. There is huge potential still left in this counter. Buy on every decline.

Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm,
his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested
interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based
on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible
for any legal or financial losses made by anybody.
Financial Weekly

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Nov. 2021 39
SMART TIPS Smita N. Zaveri

Sagar Cements (Rs. 273.00) (Code: 502090) :- Shares of this

cement and cement products company are listed in the A group. The shares touched a 52-week
high of Rs. 319 and low of Rs. 118. Promoter holding is 50.28%. Its plant is located in Andhra
Pradesh. It has presence in the cement business for three decades. Its key markets are Andhra
Pradesh and Telangana, where demand is strong. Cement companies have performed well due to
the focus on infrastructure development. For the September quarter, its consolidated income rose
13.2% to Rs. 369 crore. It reported a profit of Rs. 21.07 crore compared with a loss of Rs. 50.27
crore last year. The stock is trading at a P/E multiple of 17 compared with 41 in the case of its
competitors, and is attractively valued.

Minda Corporation (Rs. 163.00) (Code: 538962) :- Shares

of this A group listed auto parts company have a face value of Rs. 2. The shares touched a 52-
week high of Rs. 179 and low of Rs. 69. Promoter holding in Mind Corporation is 64.73%. The
company is a big name in the auto ancillary business and also exports its products to several
markets. The company’s market cap is Rs. 3915 crore. Its equity is Rs. 47 crore, and reserves Rs.
1098 crore. For the September quarter, consolidated income went up from Rs. 663 crore to Rs. 738
crore, and profit from Rs. 27 crore to Rs. 36 crore. The stock can show current going ahead.

Karur Vysya Bank (Rs. 53.00) (Code: 590003) :- The B

group listed bank’s shares touched a 52-week high of Rs. 63.50 and low of Rs. 35. Promoter
holding is only 2.12%, while FIIs hold 18.92% DIIs 19.69%. Public shareholding is 59.27%, which
is up by 3% in the last four quarters. For the June quarter, the bank reported income of Rs. 1118
crore, net profit of Rs. 108.87 crore, and EPS of Rs. 1.36. If it maintains the same performance, it
will have an EPS of Rs. 5.40 for the whole year, translating into a P/E multiple of 10 or thereabouts.
Its equity is Rs. 159 crore and reserves of Rs. 6799 crore. For the September quarter, its income
declined from Rs. 1666 crore to Rs. 156 crore, while profit surged from Rs. 114 crore to Rs. 165
crore. The bank’s NPAs are seen declining going ahead, while the loan book is expected to grow.
The stock is seen as a re-rating candidate.

Aditya Birla Fashion (Rs. 284.00) (Code: 535755) :-

Shares of this A group listed departmental store sector company touched a 52-week high of Rs.
310 and low of Rs. 144. Sales and profit-making ability were impacted by the Covid-19 pandemic,
but it reported a 65% rise in operating profit by controlling costs. Its sales were down by 2% to Rs.
1780 crore, but an uptick in online sales and demand from smaller cities are strong positives.
Gross margin rose 200 basis points to 53.30%, while employee costs and other costs declined
20% and 2% respectively. The operating profit rose 62% to Rs. 250 crore. It launched 400 new
stores across formats in fiscal 2020-21. It managed to lower debt by 74% from Rs. 2510 crore to Rs.
650 crore in spite of the challenging conditions. It has a market cap of Rs. 25,416 crore. For the
September quarter, consolidated income jumped from Rs. 1171 crore to Rs. 2079 crore. It reported
a quarterly profit of Rs. 5 crore as against a loss of Rs. 188 crore last year. Motilal Oswald has
given a buy rating with a target price of Rs. 350.

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 18th November, 2021
unless specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though, every care has been taken,
we will not responsible for any errors / omissions • All disputes are subject to Ahmedabad jurisdiction
Financial Weekly

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Nov. 2021 40
Smart super duper - Het Zaveri

CCL Products (Rs. 400.00) (Code: 519600) :- It is number two coffee producer after
Tata Coffee. However, its marketcap is much higher than Tata Coffee. In September quarter, the
company's income increased from Rs. 322 crore to Rs. 337 crore, while profit increased from Rs.
47 crore to Rs. 49 crore. As against equity of Rs. 26.61 crore, the company has reserves of Rs.
1135 crore. The company also has production facility in Vietnam along with India. The stock has
witnessed a good correction from the higher level and seems attractive. Coffee prices are likely to
get higher at the global level, which may have positive effect on the company's performance. It paid
200% dividend for FY2021. Momentum may be witnessed near support level so keep a watch on it.
Birla Soft (Rs. 468.00) (Code: 532400) :- The company is listed in the 'A' group and
share's face value is Rs. 2. It is part of S&P BSE 500 Index. It got separated from KPIT Technolo-
gies before some time. As against equity of Rs. 56crore, the company has reserves of Rs. 2285
crore. In September quarter, the company's income increased from Rs. 857 crore to Rs. 1012 crore,
while profit increased from Rs. 69 crore to Rs. 103 crore. The IT sector companies are doing good
for quite some time and This midcap IT company has given good returns compared to its peers.
The share may seem little expensive at current rate but it is good option for investment in phased
manner.
LUX Industries (Rs. 4413.00) (Code: 539542) :- The company is listed in the 'B'
Group with face value of Rs. 2 a share. Out of 25.61% public stake, FII hold 4.10% and MF hold
6.57%. As against equity of just Rs. 6 crore, the company has reserves of Rs. 1170 crore. In Sep-
tember quarter, the company's income increased from Rs. 497 crore to Rs. 620 crore, while profit
increased from Rs. 68 crore to Rs. 101 crore. The company manufactures inner wear for men,
women and children. It has roped in Bollywood stars including Amitabh Bachchan for advertise-
ment of inner wear in men's segment. The stock has witnessed bullish run in the near past so it can
be considered for investment on downward movement. It may give good return in 1-2 years.
Kansai Nerolac (Rs.591.00) (Code:500165) :-The paint sector company's equity is
Rs53.89 crore, while reserves stand at Rs. 3989crore. In September quarter, the company's results
were poor, wherein the income increased from Rs. 1383 crore to Rs. 1620 crore but profit declined
from Rs. 168 crore to Rs. 92 crore. The higher cost of raw material impacted the profit. The com-
pany has increased the price of its products so the margins may improve in the next quarter. The
government schemes like Housing for All, Smart City Project, etc are likely to boost the housing
sector, which will benefit the paint sector companies. The brand is very popular and strong, so it
may get most in the future. The company is also planning expansion. It paid 305% dividend in
2016, 300% in 2017, 260% in 2018, 260% in 2019 and 315% in 2020 along with 125% interim
dividend for 2021. The floating stock is very low so the volume may improve in future.
Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm,
his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested
interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based
on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible
for any legal or financial losses made by anybody.
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 41
Di wan-E-Khas A.J. Diwan (Mumbai)
E-mail : divanconsultancy@rediffmail.com

Markets not sustain at high

Last week in last three days, we witnessed heavy selling. HDFC, L&T, HCL,
TATA MOTORS TOOL LEAD ON DOWNSIDE. ONE TIME INDEX DROPED
632 points and Nifty came below 17700 levels. In second session due to sup-
port to Banking sector, market recovered to close down by 373 points for Index
and 135 points for Nifty. We have to watch 59900 and 17000 as support
Most controversial Krushi act withdrawn by the govt.Now we have to see
effect on corportes group, ADANI and Ambani.
I'm falling markets listing of PAYTEM played havoc. Overvalued giant IPO
LOST 28% ON LISTING.THE ISSUE PRICE OF 2150 was high. The subscribson
was 1.89 times was not good.Rs1250 was correct valuation.
On last trading day market. Breath was in favor of bears.
A Tata motor was best and hot running scrip recently. But share declined by
Rs.20.Around Rs.502 is good buy if Nifty remain s above 17600 level.
Ashok Leyland finding difficult to sustain above 145.Support is at 132.
DLF : as expected share price dropped Support at 405.
Vedanta, One TV channel is very bullish and recommending buy every day.
But share drop by rs.30.short around 315 with s l at 325.
TATA Steel falls heavily after breaking support of 1275 now watch 1155
level.
Zomato : Buy around 150 s l 145.
Reliance should remain above 2450.
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 42
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Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 43
Investment Ideas telegram.me/rupeegains7

NIFTY
For next week NIFTY has strong support around 17675 levels. Break will take it to 17610---
17500 levels. On the upper side NIFTY will face strong hurdle at 17950 levels, cross over with
volume and close above will create short covering at take NIFTY up to 18025---18100 levels…

BANK NIFTY
For next week BANK NIFTY has strong support around 37750 levels. Break will take it to 37500-
--37350 levels. On the upper side BANK NIFTY will face strong hurdle at 38300 levels, cross over
with volume and close above will create short covering at take BANK NIFTY up to 38600---38750
levels…

INVESTMENT IDEAS FOR SAMVAT 2078

ALPA LABORATORIES LTD
(532878 & NSE) (52.80) (Face Value Rs.10)
ALPA manufactures a range of products such as ethical drugs, generic drugs, over the counter
drugs (OTC) and veterinary products in various dosage forms and markets them. ALPA also manu-
facture formulations for a number of other pharmaceutical companies of national and international
repute such as Cipla, Zydus Cadila, Lupin, Glenmark, Genom Biotech, Jenburkt, etc. (under their
own brands) located both in India and abroad in countries such as Philippines, Iran, Iraq, Sierra
Leon, Madagascar, Kenya, Liberia, Puerto Rico, Haiti, Sudan, Ghana, Nigeria, Srilanka etc. Fur-
ther, it also undertakes contract manufacturing of a large variety of pharmaceuticals. It manufac-
tures various dosage forms which include injectables (vials / ampoules both liquid and dry), tab-
lets, capsules, eye / ear drops, ointment and creams and dry syrups. ALPA has an established
product-marketing network covering both metro and mini metro cities, which enable it to reach its
existing and potential customers through its network of distributors and dealers spread across the
country.
The Company has equity of Rs.21.04 crore while company has huge reserve of around Rs.98.78
crore. Promoters hold 56.66% while investing public hold 43.34% stake in the company.
For Q2FY22, ALL reported 145.49% higher PAT of Rs.5.72 crore as against PAT of Rs.2.33
crore on 13.63% higher sales of Rs.26.26 crore and an EPS of Rs.2.72. During H1FY22, it re-
ported 661.25% higher PAT of Rs.12.18 crore as against PAT of Rs.1.60 crore on 32.25% higher
sales of Rs.57.77 crore and an EPS of Rs.5.79. Currently, the stock trades at a P/E of just 8x.
Everyone, whose financial advisor is allowing to trade in this stock for medium to long term can
watch with stop loss of 45.
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

21st Nov. 2021 to 27 th

Nov. 2021 44
JACKPOT SHARE
BUY NSE LISTED
LIBAS CONSUMER PRODUCTS FOR BUMPER RETURNS
NSE CODE : LIBAS • CMP RS.40
SHORT TERM TARGET RS.55 • POSITIONAL TARGET RS.70
NSE-listed, Libas Consumer Products Ltd has tied up with Ethnicity to sell bridals of Riyaz Gangji
Libas, Kurtis, IndoWestern, Sherwanis, accessories, etc. At various locations in Thane, Indore, Pune. Libas Consumer Products
Ethnicity is a homegrown fashion brand in India. They retail in womenswear, menswear, kidswear, and Ltd recently announced
accessories.
Due to the relaxations of Covid, the wedding season in India is booming with stalled weddings for the a third bonus issue in 3
last 2 years Riyaz Gangji Libas is all set to take advantage of all stalled weddings in Maharashtra and UP, years and 2 dividends in
Delhi it also retails through its website www.libasconsumerproductsltd.com and www.libasfashion.com,
Amazon, Flipkart, Snapdeal, Meesho, Paytm Mall, Shopclues, whereby Libas Consumer Products ltd
recent years.
would gain substantially due to the wedding season.
Innerwear which are made of bamboo fiber is supposed to replace regular innerwear due to sustainable and non-allergic factor KNG brand
launched by Libas Consumer Products Ltd will be retailed exclusively on its website few products of organic innerwear will be retailed through
online multi-channel such as kng.ltd, Amazon, Flipkart, Myntra, Snapdeal, Meesho, Paytm Mall, Nykaa Fashion, Shopclues, etc.
Libas Consumer Products Ltd recently announced a third bonus issue in 3 years and 2 dividends in recent years.
Riyaz Gangji Libas has also signed an exclusive contract with Flex Wheeler, a bodybuilding legend, to retail in the USA and other parts of the
world for evening wear and red carpet wear.
Libas Consumer Products Ltd had earlier signed an Exclu-
sive Contract with Jaipur based, Government of India Enterprise,
The contract is for 50,000 MT.
Hindustan Salts Ltd, a company that exclusively produces
fresh rainwater desert salt in Sambhar lake in Rajasthan.
Sambhar salt is the only salt in India with a high PH of 9 to 11.
Low hardness, naturally iodized and blessed with 84 rare miner-
als used as medicine against corona and acidity. Kala Namak
made from Sambhar salt is the best therapeutic value with healing
properties.
In this Covid phase, Rocksalt is selling hot and replacing
regular salt due to the immunity booster Factor. Libas has launched
"Naturally Alkaline Anti Covid Gargle Chunks" which retails on
Amazon, Flipkart, India Mart, Trade India, Export India,
According to Analysts,the chart has bottomed out Go4worldbusiness, and www.libasconsumerproductsltd.com
and is poised to show an upward trend now. These high PH value salt will be used as a sanitiser for gargle tie-
ups of these products Announcement is expected soon.
With these positive developments, profitability and revenues
may rise substantially.
Big Renowned HNI investors are holding shares in Libas,
giving a boost to its credibility.
The company has proposed to raise investment to open stores
across India.

***
Financial Weekly

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Nov. 2021 45
Primary Market - Dilip K. Shah
Somber mood in the secondary market, while PayTM fiasco disappoints investors in Primary Market
PayTM's flop listing may create hurdles for start-up IPOs
This week one mainboard IPO, 1 BSE SME IPO and 9 Rights Issues are in the primary market
Go Fashion's issue with price-band of Rs. 655 to Rs. 690 got 6.87 times subscription
Tarsons Products' IPO got 77 times subscription on the last day
Latent View's listing could give one and half to two times returns on listing on November 23
Sigachi Ind' issue breaks 13 years old record with 170% premiums
Investors happy with Policy Bazaar's higher than expected premium listing
SJS Enter's IPO got listed with discount: Sapphire goes down after higher listing
PayTM's flop listing erodes investors' Rs. 38000 crore
Tarsons Products and Go-Fashion's listing could turn out to be block-buster
Indian Sharemarkets witnessed only four sessions last week due to public holiday on Friday on
account of Guru Nanak Jayanti. Of these four sessions, three sessions were dominated by bearish
trend resulting into Nifty going down by 338 points and Sensex by 1050 points. PayTM's flop listing
could be reason for bearish trend on the last day, which may affect the prospects of the upcoming
start-up IPOs.
It should be noted that in the current calendar year Rs. 1 lakh crore have been raised through
IPOs. SEBI has decided to make process transparent due to higher number of IPOs. SEBI will
control the stake sell by Start-ups and also put control on the inorganic growth of the companies.
Decision will be taken on increasing Anchor Investors' lock-in period from 30 days to 90 days.
* Mainboard IPOs :- After exit of Tarsons Product, now only Go-Fashion's IPO is present in the
market.
• Tarsons Products :- The issue with price band of Rs. 635-662 opened on November 15 and

Grey Markets Premium

IPOs Offer Price Premium Kostak Price Subject to

Name (Rs.) (Rs.) *Min. Appl. Sauda

Latent View 190 to 197 360 - 370 -- --

Tarsons 635 to 662 185 - 190 -- --

Go Fashion 655 to 690 450 to 460 -- --

Don't subscribe IPO only on the basis of Grey premium.

Before Investing check the fundamentals of IPOs
Financial Weekly

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Nov. 2021 46
Listing Information of BSE SME & Main Line IPOs
Co. Name BSE Listing Offer Listing Listing Listing Listing CMP
Code Date Price Price Day Day Day
(Rs.) (Rs.) High Low Close 18-11-21
Sigachi Industries 543389 15-11-21 163 575 603.75 570.45 603.75 572.15
S.J.S. Enterprise 543387 15-11-21 542 540 551 505.5 509.85 468.90
PB Fintech 543390 15-11-21 980 1150 1249 1145 1202.9 1330.90
Suyog Gurbaxani 543391 16-11-21 45 45.45 45.45 45.1 45.1 45.10
One 97 Communications 543396 18-11-21 2150 1955.0 1961.0 1564.0 1564.1 1564.15
Sapphire Foods India 543397 18-11-21 1180 1311.0 1383.6 1160.0 1216.0 1216.05

got 77.49 times subscription including 115 times in QIB, FLOP SHOW
Co. Name IPO Size Issue Price Change (%)
184 times in HNI, 10.56 times in retail and 1.83 times in (Rs. Cr.) Price Day1 IPO to Dt.
employee category. PayTM 18300 2150 -27% -27%
Coal India 15475 245 40% -37%
Allotment-Refund :- The issue allotment may be on Reliance Power 11700 281 -17% -95%
GIC RE 11373 450 -4% -68%
November 23 and refund on November 24, while share SBI Cards 10365 755 -10% 36%
credit on November 25. In retail category, out of 22 appli-
PayTM Lossess
cants eight may get allotment.
PayTM IPO Investors have suffered or
Listing :- Share may get listed on November 26 around are staring at huge losses (Rs. Cr.)
Rs. 825-850 and may go up to Rs. 900+. Applicants who Allotment Current Market to
in IPO Value Market Loss
can hold on the shares will get more benefit. QIB 7375 5365 -2010
• Go Fashions :- The issue with price band of Rs. 655- HNI 608 443 -166
Retail 2081 1514 -567
690 opened on November 17, while close on November Anchor 8235 5990 -2244
22. IPO has got good response in the first two days. Total 18299 13311 -4987
Subscription :- It has got 6.87 times subscription in-
cluding 3.24 times in QIB, 2.30 times in HNI and 24.64 Subscription figure of
Tarsons Products Main Line IPO
times in retail category.
Category No.of Shares Subscribed
Allotment-Refund :- Allotment may be on November Offered/ 15-11 16-11 17-11
25, refund on November 26 and share credit on Novem- QIB 30,81,172 0.00x 1.30x 115.77x
NII 23,10,880 0.17x 3.98x 184.58x
ber 29. IPO will close on November 22. It may get more
Retail 53,92,052 2.12 4.74x 10.56x
than 30 times subscription in retail. Allotment could be in Empl. 60,000 0.41x 1.08x 1.83x
ratio of 30:1. Total 1,08,44,104 1.09x 3.58x 77.49x

Listing :- IPO may get list on November 30 around Rs. 1000 Subscription figure of
Go Fashion Main Line IPO
and may go up to Rs. 1100-1150. However, the price may not sus-
Category No.of Shares Subscribed
tain after listing so book 50% profit. Offered/ 17-11 18-11
• Latent View Listing :- IPO allotment has been declared and QIB 44,06,996 0.25x 3.24x
NII 22,03,497 0.44x 2.30x
share credit will be on November 22.
Retail 14,68,998 12.14x 24.64x
Listing :- It may get listed on November 23 around Rs. 400-450 Total 80,79,491 2.46x 6.87

and may touch Rs. 500. Holding may give better returns in long term.
* BSE SME IPO :- The issue has opened on November 16 and will close on November 20,
Financial Weekly

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Nov. 2021 47
Rights Issue
Sr Company Issue Open Dt. Issue size Offer price Ratio & Listing Lead Manager /
Issue Close Dt. (Rs. Cr.) (Rs.) Record Dt. Registrar
1. Patel 9-11-2021 4.00 Cr. Shares 10 613 Shares for BSE --
Integrated to (Rs. 40.00 Cr.) Per Shares Every 399 Shares NSE Bighsare Services
Logistics 23-11-2021 (F. V. Rs. 10) held on 29-10-21
2. Vikas 10-11-2021 17.69 Cr. Shares 2.8 4 Shares for BSE --
Lifecare to (Rs. 49.54 Cr.) Per Shares Every 21 Shares NSE Bigshare Services
24-11-2021 (F. V. Rs. 1) held on 1-11-21
3. NXTDIGITAL 15-11-2021 0.96 Cr. Shares 300 2 Shares for Every BSE Vivro Financial Ser.
Limited to (Rs. 288.61 Cr.) Per Shares 5 Shares NSE KFintech Pvt. Ltd.
29-12-2021 (F. V. Rs. 10 held on 25-10-21
4. Asian 18-11-2021 1.00 Cr. Shares 15 1 Shares for Every BSE Finshore Mang.
Tea & to (Rs. 15.00 Cr.) Per Shares 1 Shares NSE Cameo Corp. (R)
Exports 2-12-2021 (F. V. Rs.10) held on 13-11-21
5. Bharat 22-11-2021 0.09 Cr. Shares 105 1 Shares for Every BSE Keynote financial
Gears to (Rs. 9.77 Cr.) Per Shares 10 Shares NSE Link Intime (R)
Limited 6-12-2021 (F. V. Rs.10) held on 29-10-21
6. Anuroop 22-11-2021 0.31 Cr. Shares 13 2 Shares for Ever BSE
Packaging to (Rs. 3.98 Cr.) Per Shares 5 Shares KFintech (R)
Limited 6-12-2021 (F. V. Rs. 10) held on 5-11-21
7. The Indian 24-11-2021 13.21 Cr. Shares 150 1 Shares for Ever BSE HSBC Securities
Hotels to (Rs. 1982.10 Cr.) Per Shares 9 Shares NSE Kotak Mah. Cap.
Co. 8-12-2021 (F. V. Rs. 1) held on 13-11-21 Link Intime (R)
8. Swiss 24-11-2021 4.91 Cr. Shares 2 1 Shares for Every BSE Turnaround Crop.
Milatry to (Rs. 9.83 Cr.) Per Shares 1 shares Alankit (R)
8-12-2021 (F. V. Rs. 2) held on 9-11-2021
9. HKG 25-11-2021 1.75 Cr. Shares 8 1 Shares for Ever BSE Khambatt Sec.
Limited to (Rs. 14.00 Cr.) Per Shares 1 Shares Bighsare Ser. (R)
10-12-2021 (F. V. Rs. 1) held on 15-11-21

which has got 0.43 times subscription. It may Subscription Figures of SME IPO (Dt. 18-11-21)
IPO Listing Day Subscribed
have to be managed. More details were given Omnipotent BSE SME 3rd Day Subscribed 0.43x

last week. Listing on November 30. Tentative Timetable for SME IPO
Latent Tarsons Omni Go
* Last week's Listing:- View Products potent Fashion
• Sigachi Industries (543389) :- The issue with offer Analytics BSE SME
Issue Closes date 12-11-21 17-11-21 22-11-21 22-11-21
price of Rs. 163 got listed on November 15 at Rs. 575 Allotment 17-11-21 23-11-21 25-11-21 25-11-21
Refunds 18-11-21 24-11-21 26-11-21 26-11-21
and closed with upper circuit at Rs. 603.75, showing pre- Shares Credit 22-11-21 25-11-21 29-11-21 29-11-21
Listing 23-11-21 26-11-21 30-14-21 30-11-21
miums of Rs. 270%. On November 18, it came down to
Rs. 572.15. It is advisable to book 50% profit.

• SJS Enterprise (543387) :- The issue with offer price of Rs. 542
Worst Listing - Day got listed at Rs. 540 and went up to Rs. 551 and down to Rs. 505.50
Co. Name Listing loss on
Date Listing Day before closing at Rs. 509.85. On Thursday, it closed at Rs. 458. The
One 97 Comm. 18-11-21 -27.2% investors who don't have patience for long term should book profit at
Coffe Day 2-11-15 -17.6%
Reliance Power 11-2-08 -17.2% every spurt.
ICICI Sec. 4-4-18 -14.4%
Cairn India 9-1-06 -14.1%
• PB Fintech (Policy Bazaar) (543390) :- The issue with offer price
UI Asset 12-9-20 -14.0% of Rs. 980 got listed at Rs. 1150 and witnessed intra-day high of Rs.
Kalyan Jew. 20-3-20 -13.4%
Bharti Infratel 28-12-12 -13.1% 1249 and low of Rs. 1145 before closing at Rs. 1202.90. It has given
I.B. Power 30-10-09 -12.8% higher than expected returns. It closed at Rs. 1330.90 on November
ICICI Prud. 21-5-16 -10.9%
 Financial Weekly

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Nov. 2021 48
Omnipotent Ind's BSE SME IPO gets average response
When and how will be allotment and listing in Tarsons and Go Fashion

Main - line IPO (Non SME)

Sr Company Issue Open Dt. Issue size Offer price Min. Listing Lead Manager Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) App. (Out of 50)
1 Go Fashion 17-11-2021 Fresh Issue Rs. 125 Cr. 655 to 690 21 Shares BSE DAM Capital, ICICI Securities, 33% Risky Bet
India 22-11-2021 OFS : 1,28,78,389 Eq. Shares (F. V. Rs.10) (Rs. 14,490) NSE JM Financial Consultants (Apply for
(Book Building) Total : Rs. 1013.61 Cr. long term)

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. Omnipotent 16-11-21 30,00,000 Eq. 63 2000 Eq. Shares Inventure 35% : Apply for
Industries 22-11-21 (Rs. 18.90 Cr.) (Rs. 1,26,000) Merchant Long Term

18. Investors who can hold the share may get Rs. 1500 price.
• One 97 Communication (PayTM) (543396) :- The issue with offer price of Rs. 2150 got listed
at Rs. 1955 and witnessed intra-day high at Rs. 1961 and closed at lower circuit of Rs. 1564.10,
27% discount.
The primary market investors have got disappointed due to the flop show. It also affected senti-
ments in the secondary market. Investors' wealth got eroded by Rs. 38000 crore. Finance banks
had invested Rs. 100 crore in HNI category. Moreover, HNIs who bought funds at rate of 14-16%
have to bear huge losses. Investors vented their frustration on social media.
Broking giant Macquarie has given target of Rs. 1200. It believes that the company's lacks busi-
ness model and focus so road to profitability is uncertain. The investors need to exit before huge
crash in the share prices. The investors who wants profit may have to wait for 2-3 years or even
longer.
• Sapphire Foods (543397) :- The issue with offer price of Rs. 1180 got listed at Rs. 1311 and
witnessed intra-day high at Rs. 1383.60 and low at Rs. 1160 before closing at Rs. 1216.
The listing was as per expectation, but it got affected by PayTM fiasco. It may touch Rs. 1300
level.
• SuyogGurbaxani Funicular - BSE SME (543391) :- The issue with offer price of Rs. 45 got
listed at Rs. 45.45 and witnessed intra-day high at Rs. 45.45 and low at Rs. 45.10 before closing at
Rs. 45.10.
* Long queue of Rights issue this week : The primary market will witness long queue of 09
Rights issue, the details have been published in separate box.
* U GRO Capital NCDs issue :- Rs. 50 crore issue opened on November 8 and was to close on
November 22 but it got closed on November 10 with 0.50 times subscription of base price.
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 49
Grey Market Movement
Grey Market highly volatile as Five IPOs got listed contrary to the expectations
Sigachi, Policy Bazaar got listed with higher than
expected returns, SJS got listed with discount
PayTM's flop show results into crumbling of premiums
Tarsons and Go-Fashions IPOs' premiums sky rocketed due to good response
Last week five IPOs got listed but four except Sigachi were contrary to market expecta-
tions so premiums are volatile. Sigachi got listed with 270% premiums. PB Fintech (Policy
Bazaar) was expected to give 8-10% premiums, which gave 17.35% returns, while SJS
Enterprise was expected to get listed with discount. On November 17, Sapphire Foods and
One 97 Communication (PayTM) got listed. Sapphire got listed with 12% premiums and
closed with 17% premium. PayTM got listed with 3% discount and closed with 27% dis-
count creating somber atmosphere in the market.
PayTM's flop show affected premiums of Latent Vie which came down to Rs. 260 level.
Tarsons' premiums went up from 150-160 to Rs. 185-190 after 77 times subscription. Go
Fashion's IPO premiums went up to Rs. 410-450 and even witnessed Rs. 500 level due to
7 times subscription.
In coming days, the market may turn cold once again.

Negative impact on Start-up listing in future

due to PayTM's flop show
Last week Fintech's group company PayTM's IPO got listed with 9% discount, resulting into
disappoint for the investors. Analysts believe that the poor listing of PayTM may affect the IPOs
of start-ups in future. PayTM IPO has reduced the private market valuation. In 2021, 37 Uni-
corns entered the market and majority of them got their valuation doubled or tripled.
PatTM's listing is also linked with other Unicorns like Zomato, Nykaa, Policy Bazaar. The
market cap of these companies has got stuck even after vibrant listing.
PayTM's $2.5 billion IPO was the biggest IPO in India and No. 4 in the world. According to
analysts, despite valuation of $20 billion, the road to profitability is not clear, so marketcap is
not reasonable. It should be noted that other start-ups have submitted papers with SEBI for
IPO, which includes companies from logistics and supply chain provides and online pharma-
cies. PayTM raised $1 billion in 2019, when its valuation was $16 billion, now it was valued at
$20 billion.
The investors who invest in startups believe that when the big company like Fintech raises
money through IPO and it hits the lower circuit on the first day, the negative signals go to the
investors and market, which ultimately affects the private valuation.
Financial Weekly

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Nov. 2021 50
NXTDigital limited Rights Issue
Opened on 15th Nov. & Closes on 29th Nov.
Issue Price : Rs. 300 Per Share ; LIsting BSE-NSE
BSE Code : 500189 • CMP : Rs. 385 (52wk H : 570 - L : 347)
It has incurred loss Rs. 176.55 Cr. During last 27 Months
Considering 30% discounted offer against CMP and
Hinduja Group Company,
risk taker shareholders may apply for long term
NXTDIGITAL Limited is engaged in delivering digital content via cable networks as well as through
Headend In the Sky (HITS). The company distributes its services through a network of Local Cable Opera-
tors (LCOs). The company provides digital content to subscribers either directly or through its affiliated
LCOs. The company fundamentally follows a B2B2C business model. In this, the company structures its
relationships with LCOs in such a way that this LCOs continue to be the principal contact with subscribers
in the relevant local area. The company's primary source of revenue for digital content services is subscrip-
tion income from subscribers either directly or through LCOs, placement income received from broadcast-
ers for placing their channels in preferred logical channel number line up on its platforms, incentives re-
ceived from broadcasters for deeper penetration of their channels in company's customer base, and car-
riage income from carriage fees payable by broadcasters for carrying their channels. As of September 30,
2021, the company operates its business across India through more than 10,000 LCOs. The company has
connected Set-Top Boxes (STBs) to over 56 lakh subscribers to whom they offer over 600 channels on
their cable platform. The company also offers 700 standard and high-definition channels on its HITS plat-
form in India.
Financial Performance / Consolidated Basis
Issue Details Particulars (Rs. Cr.) FY21 30-6-21
th
• Issue Opened on 15 November & Closes on 29 November th Q1FY22
Total Revenue 1008.45 266.59
• Object of the issue : Repayment and /or prepayment, of all or a
Profit After Tax -13.90 -28.56
portion of certain outstanding borrowings including interest.
• Issue Size : 0.96 Cr. Shares (Rs. 288.61 Cr.)
• Face Value Rs. 10 • Issue Price : Rs. 300 per Share
• Market Lot : 1 per Share • Listing on BSE & NSE
• Terms of payment : The full amount of the Issue Price being ? 300 will be payable on application.
• Entitlement : 2 rights equity shares for every 5 equity shares held on the record date (25-10-2021)
• Deemed Date of Allotment : 4-12-2021 • Registrar : KFintech Pvt. Ltd.
• Pre IPO equity Capital Rs. 24.09 Cr. • Post IPO Eq. capital Rs. 33.67 Cr.
• Cum Right basis Rs. 501.85 (21-10-21) • 52Wk High/Low : Rs. 570/ 347
• Ex Right basis Rs. 449.80 (22-10-21) • CMP Rs. 385.00 (19-11-21)
• Market Cap Post Issue : Rs. 1279.52 Cr.
Recommendation : Its loss making company during last 27 months it has
incurred loss of 176.55 Cr. Hence it will take long time to turn the corner on
valuation front Rights share offer price Rs. 300 seems reasonable against
CMP of Rs. 391. Considering Hinduja group company with around 30% dis-
counted offer, risk taker shareholders may apply for long term.
Financial Weekly

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Nov. 2021 51
ASIAN TEA & EXPORTS Rights Issue
Opened on 18th Nov. & Closes on 2nd Dec.
Issue Price : Rs. 15 Per Share ; LIsting BSE
BSE Code : 519532 • CMP : Rs. 18.10 (52WK H : 21.94- L : 10.96)
There is set back in top line & bottom line of Q1FY22
Rights offer is available at only 20% discount means fully priced
Considering fancy in tea sector, risk taker may apply for long term
Asian Tea & Exports is engaged in tea plantation and manufacturing, trading, and exports of
tea. The company provides an end-to-end solution to its customers from sourcing tea of all origins,
tasting, customizing blends, providing specialty teas and flavored teas, to third-party labeling and
packaging. The company is recognized by the Government of India as a Star Export House. Asian
Tea & Exports is also engaged in the International and Domestic trade of foodstuff and other com-
modities like pulses, soybean, cashew nut, etc. These products are traded internationally with
countries like Russia, Ukraine, Lithuania, Canada, Argentina, Tanzania, Mozambique, Benin, Burma
& others. The company exports rice, sugar, and other commodities to countries in Africa, the Middle
East, and other countries. The company has received several prestigious awards and recognition
like Niryat Shree Export Award by FIEO, Ministry of Commerce and Government of India for excel-
lence in exports. Financial Performance /
Consolidated Basis
Issue Details Particulars (Rs. Cr.) FY21 30-6-21
FY22
• Issue Opened on 18th November & Closes on 2nd December
Total Revenue 123.88 16.80
• Object of the issue : Funding of working capital requirements, Profit After Tax 3.67 0.38
Issue Expenses and General Purposes
• Issue Size : 1.00 Cr. Shares (Rs. 15.00 Cr.)
• Face Value Rs. 10 • Issue Price : Rs. 15 per Share
• Market Lot : 1 per Share • Listing on BSE
• Terms of payment : The full amount of the Issue Price being Rs. 15/- per equity shares will
be payable on application.
• Entitlement : 1 rights equity shares for every 1 equity shares held on the record date : 9-11-
2021
• Deemed Date of Allotment : 13-12-2021
• Registrar : Cameo Corporate Services Ltd.
• Pre IPO equity Capital Rs. 10 Cr. • Post IPO Eq. capital Rs. 20 Cr.
• Cum Right basis Rs. 25.65 (4-11-21) • 52Wk High/Low : Rs.21.94/10.16
• Ex Right basis Rs. 19.90 (8-11-21) • CMP Rs. 18.10 (18-11-21)
• Market Cap Post Issue : Rs. 38.50 Cr.
Recommendation : There is set back in top line and bottom line of Q1FY22,
Considering Rights offer price of Rs. 18.70 against CMP of Rs. 15 offer is
available at around 20% discount which may be considering fully priced.
However looking to the fancy in tea sector stocks, risk taker shareholder
may apply for long term.
Financial Weekly

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Nov. 2021 52
BHARAT GEARS rights issue
Opens on 22nd Nov. & Closes on 6th Dec.
Issue Price : Rs. 105 Per Share ; LIsting BSE & NSE
BSE Code : 505688 • CMP : Rs. 144.80 (52WK H : 190- L : 47.24)
It has suffered setback in FY20 & FY21 but turnaround in H1Fy22
Considering 27% discounted offer than current market price
Share holder must apply for more shares in the reasonably priced offer
Incorporated in the year 1971, Bharat Gears Ltd. is one of the most reputed companies in gears
technology and one of the largest gear manufacturers in India. The company is engaged in the
manufacturing of a wide range of ring gears and pinions, transmission gears and shafts, differential
gears, gearboxes majorly for the automotive industry. The company's manufacturing business can
be broadly categorized into 3 segments: Gears, Automotive Components and Furnaces. India be-
ing the primary market, the company is also growing its exports to North America, the European
market, and some other countries. Bharat Gear's customer list includes some of the prominent
players in the domestic automobile industry and some key players in the international markets in
the tractors, trucks, construction equipment, buses, and utility vehicle segments. Company's busi-
ness operations and products primarily cater to the B2B segment.
Financial Performance / Consolidated Basis
Issue Details Particulars (Rs. Cr.) FY20 FY21 H1FY22
30-9-2021
• Issue Opened on 22nd November & Closes on 6th December Total Revenue 468.00 504.40 352.86
• Object of the issue : Working capital requirements • Issue Size Profit After Tax -18.78 -7.70 14.34

: 0.09 Cr. Shares (Rs. 9.77 Cr.)

• Face Value Rs. 10 • Issue Price : Rs. 105 per Share
• Market Lot : 1 per Share • Listing on BSE & NSE
• Terms of payment : The full amount of Rs. 105/- per equity share is payable on application.
• Entitlement : 1 equity share for every 10 fully paid-up equity share held on the record date (29-10-
2021)
• Deemed Date of Allotment : 16-12-2021
• Registrar : Link Intime (I) Pvt. Ltd.
• Pre IPO equity Capital Rs. 9.31 Cr. • Post IPO Eq. capital Rs. 10.24 Cr.
• Cum Right Rs. 173.45 (27-10-21) • 52Wk High/Low : Rs. 190.20/47.24
• Ex Right basis Rs. 164.90 (28-10-21) • CMP Rs. 144.80 (18-11-21)
• Market Cap Post Issue : Rs. 148.64 Cr.
Recommendation : It is 50 years' old most reputed companies in gears technology
from Auto equipment sector. It suffered setback for FY20 & FY21 but turn the corner in
H1FY22. Offer price is reasonable at around 27% discount to current market price.
Considering reasonable offer price. Share holder may apply for more share than of-
fered to them.
Financial Weekly

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Nov. 2021 53
ANUROOP PACKAGING rights issue
Opens on 22nd Nov. & Closes on 6th Dec.
Issue Price : Rs. 13 Per Share ; LIsting BSE
BSE Code : 542865 • CMP : Rs. 13.01 (52WK H : 18.28 / L : 6.83)
There was a setback in top & bottom line of FY2021
Rights offer price, maiden IPO price & CMP is same Rs. 13
Shareholders may stay away from this Rights issue
Incorporated in 1995, Anuroop Packaging is engaged in the manufacturing of corrugated boxes.
The company provides quality fixed packaging products such as corrugated boxes, sheets, boards
to clients from various industries such as pharmaceutical, stationery, metals, water treatment, etc.
The company's products can be classified into two categories - i) Corrugated Boxes and ii) Corru-
gated Sheets/Boards. Anuroop Packaging has a strong grip in catering to clients from the statio-
nery industry where they work with industry leaders such as Kokuyo Camlin, A.W. Faber Castell
(India). The company is also involved in the trading of Gum (Turpentine and Dipentene). The
company's manufacturing facility is located at Thane, which comprises a single semi-automated
unit engaged in the manufacturing of corrugated boxes. Financial Performance /
Issue Details Consolidated Basis
Particulars (Rs. Cr.) FY20 FY21
• Issue Opened on 22nd November & Closes on 6th December Total Revenue 21.40 15.02
• Object of the issue : Working capital requirements Profit After Tax 2.45 1.49

• Issue Size : 0.31 Cr. Shares (Rs. 3.98 Cr.)

• Face Value Rs. 10 • Issue Price : Rs. 13 per Share
• Market Lot : 1 per Share • Listing on BSE
• Terms of payment : The full amount of the issue price is payable on application
• Entitlement : 2 rights equity share for every 5 fully paid-up equity shares held on the record date
(5-11-2021)
• Deemed Date of Allotment : 14-12-2021
• Registrar : KFintech Pvt. Ltd.
• Pre IPO equity Capital Rs. 7.66 Cr. • Post IPO Eq. capital Rs. 10.73 Cr.
• Cum Right Rs. 15.00 (Nov.21) • 52Wk High/Low : Rs. 18.28 / 6.83
• Ex Right basis Rs. 15.00 (2-11-21) • CMP Rs. 13.01 (18-11-21)
• Market Cap Post Issue : Rs. 13.95 Cr.
Recommendation : It has reported set back in top line & bottom line of FY21. P/BV is
1.37 it is perhaps first SME company, entering in the market with rights issue & may be
first company to manage this rights issue itself without lead manager. Rights share
offer price, current market price & maiden IPO came at the same price of Rs. 13. This
offer price is unlikely to sustain due to increased equity. Shareholders may stay away
from this offer.
Financial Weekly

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Nov. 2021 54
THE SWEET SHARE FOR ULTRA SWEET RETURNS
BUY VISHWARAJ SUGAR INDUSTRIES LTD
BSE Code : 542852 • NSE :VISHWARAJ • CMP RS 30

SHORT TERM TARGET RS 45 • POSITIONAL TARGET RS 55

Sugar industry has welcomed the government's recent announcement of an incentive to encourage
sugar mills to divert excess sugarcane/sugar to ethanol and to achieve targets of blending ethanol with
petrol in line with the 'Ethanol Blended with Petrol program', Vishwaraj Sugar Industries Limited (VSIL),
Executive Director Mukesh Kumar said here.
Vishwaraj Sugar Industries Limited (VSIL), which is expanding its distillery capacity by 150 KLPD to
produce 250 KLPD ethanol, at an estimated cost of Rs 150 crore at its existing plant in Belgaum district in
Karnataka, expects government to announce price hike of nearly Rs 2-3 per litre for ethanol in its new
contract starting from December 1.
In a statement, the Union Food Ministry recently said, "...incentive on sugar sacrificed for producing
ethanol from B-heavy molasses/sugarcane juice/sugar syrup/sugar has been doubled from October 2021
onwards in their monthly release quota."
"Now, those sugar mills -- which will be diverting sugar to ethanol -- would be getting 100% incentive for
the entire quantity of sugar sacrificed on producing ethanol from B-heavy molasses/sugarcane juice/sugar
syrup/sugar in their monthly release quota," it added.
The Centre is taking several steps for diversion of sugar to ethanol. In order to find a permanent solution
to address the problem of excess sugar, the government is encouraging mills to divert excess sugarcane to
ethanol.
A target of 10 per cent blending of fuel grade ethanol with petrol has been fixed for 2022 and 20 per cent
blending by 2025.
Vishwaraj Sugar Industries Limited has also drawn up Rs 250 crore expansion plans for setting up of
greenfield sugar factory along with a distillery facility in Karnataka, for which land acquisition and prelimi-
nary process has commenced.
India is a leading sugar producing country and during the new sugar season which started from October,
the sugar production is estimated at 310 lakh tonnes which will be the same as last year, but the production
of ethanol will increase substantially due to more distilleries, Kumar said.
VSIL is an integrated sugar company producing sugar, power and ethanol. The company manufactures
Distillery products like Rectified Spirit, Anhydrous Ethanol and from molasses and Sugar Syrup.
Belgaum District in the State of Karnataka is designated as one of the "High Recovery zones" for sugar
production by the Government of India.
Since the de-regularization of sugar, the company has developed a robust marketing and sales team and
the company's turnover is expected to double in the next 5 years after the proposed projects go on stream.
The company has reduced its dependence on sugar and in the year ending March 2021, the sugar sales
accounted for 66% of the total revenue. However, the ethanol revenue is expected to go from 30-35 % to 50
percentage terms going forward following the government's initiative, Kumar said.
Both sugar and ethanol prices are expected to remain firm. The sugar prices have firmed up due to
market forces in the local market and prices will remain higher in the international market due to failure of
crops in Brazil, he said.
Sugar makers are in a sweet spot as producers have seen a significant reversal in their fortunes helped
by exports and the government's boost to promote ethanol production. This is expected to help the sector
tide over the sugar surplus situation to a large extent.

***
Financial Weekly

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Nov. 2021 55
Smart Best Buy S. N. Zaveri

Bharat Forge : Net profit jumps, Demand to remain robust

Escorts : Price hike in Agri Machinery will offset inflation
Tata Elxsi : Significant growth, strong order book
PI Industries : Two JVs will increase business
Pidilite : Strong sales volume and value growth in Q2
Bharat Forge (Rs. 779.00) (Code : 500493) : Bharat Forge Ltd has reported a
consolidated net profit of Rs 270.45 crore for the second quarter. The company had posted a
consolidated net loss of Rs 1.32 crore in the corresponding period last fiscal.Its consolidated revenue
from operations during July-September 2021 stood at Rs 2,385.62 crore as compared with Rs
1,376.1 crore in the year-ago period. Looking ahead into Q3 FY22, demand continues to remain
robust across segments, but to what extent the semiconductor and other supply chain issues will
weigh in on OEM’s ability to produce is uncertain. The company’s around 75 per cent exposure to
the domestic markets and export industrial segment will continue to do well. Buy.

Escorts (Rs. 1802.00) (Code : 500495) : Escorts Agri Machinery (EAM), division of
Escorts Limited, shall be increasing the prices of its tractors effective 21st November 2021. There
has been a steady rise in commodity prices necessitating a price hike to offset the impact of the
continuing inflation. The increase in prices would vary across models and variants. Festival period
of Navratri and Dussehra witnessed good footfalls and delayed sowing and harvesting cycle of the
current Rabi crop augurs well for festive retails for industry during November too, coupled with
overall positive rural sentiments on account of good rainfall, expected good yield and crop
production, higher crop MSPs and better retail finance availability. Domestic tractor sales in October
2021 was at 12,749 units as against 13,180 units in October 2020, down 3.3%. Exports, however,
were at 765 units as against 484 units in the same month last year, a growth of 58.1%.

Tata Elxsi (Rs. 6390.00) (Code : 500408) : Tata Elxsi is amongst the world’s leading
providers of design and technology services across industries including automotive, broadcast,
communications, healthcare and transportation. Tata Elxsi is helping customers reimagine their
products and services through design thinking and application of digital technologies such as IoT
(Internet of Things), Cloud, Mobility, Virtual Reality and Artificial Intelligence. The company is seeing
significant growth in the automotive market, with large and strategic deals with both OEMs and
suppliers in EV and autonomous technologies. The overall growth was fueled by digital and platform-
led deals and demonstrate the differentiation and relevance of its design-led approach and
technology capabilities to the product and technology transformation agendas of customers in key
verticals. The company is entering the third quarter with a strong order book and a healthy deal
pipeline across keymarkets and industries. Buy.

PI Industries (Rs. 3031.00) (Code : 523642) :- PI Industries manufactures agricultural

and fine chemicals, and polymers. PI Industries has, recently, executed two joint venture agreements
with Polymath Holding for undertaking the business of manufacturing and selling the products for
bio chemistry processes and bio chemical enabled pharmaceutical intermediates. The first joint

Cont...
Financial Weekly

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Nov. 2021 56
venture agreement - JVC-1 is executed to undertake the business of manufacturing and selling the
products for bio chemistry. In this joint venture, PI Industries will hold 51% stake. The second joint
venture agreement - JVC -2 is formed to undertake the business of manufacturing and selling the
bio chemical enabled pharmaceutical intermediates. PI Industries will hold 85% of the paid-up
share capital. These JVs will increase business. Buy.

Pidilite Industries (Rs. 2425.00) (Code : 500331) :- Pidilite Industries has recorded
5% rise in consolidated net profit to Rs 376 crore on a 41% increase in net sales to Rs 2,613 crore
in Q2 FY22 over Q2 FY21. EBITDA before was at Rs 550 crore, up by 7% over the same quarter
last year. Pidilite said that the quarter gone by recorded very strong sales volume and value growth.
The business witnessed much improved consumer demand environment due to accelerated
vaccinations, reduced COVID infections and increased mobility. While domestic subsidiaries in
C&B business returned to double digit growth led by higher sales in premium products, subsidiaries
in B2B business have improved sequentially on account of recovery in real estate and construction
related activities. Pidilite Industries is a manufacturer of adhesives and sealants, construction
chemicals, craftsmen products, DIY (Do-It-Yourself) products and polymer emulsions in India. Invest.

(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
18th November, 2021 unless specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though,
every care has been taken, we will not responsible for any errors / omissions o All disputes are subject to Ahmedabad jurisdictioner

www.smartinvestment.in
Smart Investment Website Index
64,444 hits only 1 Week
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1,65,15,555
Kuber Bhandar of earnings
Future - Options, Stock - Watch, Funda - Picks,
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Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 57
Dalal Street Whispers Dilip K. Shah

Escorts (Rs. 1802.00) (Code: 500495) :- According to reports, Japan’s Kubota Cor-
poration will raise its stake in tractor and farm equipment maker Escorts to 14.99% through a pref-
erential issue of Rs. 1,873 crore. The company’s name will be changed to Escorts Kubota Limited
following the deal. The company will also make an open offer to Escorts’ shareholders to acquire
up to a 26% stake at Rs. 2,000 per share. Kubota’s holding in Escorts will rise to 44.80% after the
offer.

Tata Coffee (Rs. 225.00) (Code: 532301) :- Coffee prices have jumped to 10-year
highs in the International markets. Along with Tata Coffee, current can be seen in the shares of
CCL Products.

Asian Paints (Rs. 3226.00) (Code: 500820) :- Paint sector companies such as
Asian Paints, Kansai Nerolac, Indigo Paints, Shalimar Paints, and others are seen benefiting from
the decline in crude, which has fallen below $80 per barrel.

Apollo Tyres (Rs. 223.00) (Code: 500877) :- The company will implement another
hike of 3-5% in different products soon. The company’s net profit for the September quarter de-
clined 59% to Rs. 89.65 due to an increase in input costs. Current is also likely in other tyre shares
such as MRF, Balkrishna and CEAT.

GMR Infra (Rs. 39.00) (Code: 532754) :- GMR Infra’s subsidiary GMR Airports has
been declared the winning bidder for the development and operation of Kualanamu International
Airport in Medan, Indonesia (Medan Airport). GMR will enter into a 49:51 partnership with Angkasa
Pura 2 (AP2) for the venture. For the September quarter, GMR narrowed its consolidated losses to
Rs. 169.21 crore, while standalone income rose from Rs. 1448 crore to Rs. 2135.4 crore.

RBL Bank (Rs. 203.00) (Code: 540065) :- RBL Bank has been authorised by the
Reserve Bank of India to collect direct taxes on behalf of the Central Board of Direct Taxes. The
bank’s quarterly profit crashed almost 79% to Rs. 30.80 crore, while income was up by 2.10% to
Rs. 2,567.65 crore.

The Phoenix Mills (Rs. 1078.00) (Code: 503100) :- The Canada Pension Plan
Investment Board will invest Rs. 787 crore in the company’s subsidiary. The company reported
turnaround numbers in the September quarter. It logged a profit of Rs. 63 crore on an income of Rs.
371 crore, as against a loss of Rs. 39 crore on Rs. 229 crore income last year.

HCL Technologies (Rs. 1120.00) (Code: 532281) :- HCL Technologies has been
named a leader in IDC MarketScape: Worldwide Managed Multicloud Services 2021 Vendor As-
sessment. Sustainable demand momentum for Cloud and Digital Engineering is seen benefiting
the IT major, which won contracts worth $2.3 billion in the last quarter.

ITC (Rs. 237.00) (Code: 500875) :- ITC is mulling a demerger of its IT business ITC
Infotech, which is likely to be valued at Rs 20,000-25,000 crore, which could lead to value unlock-
ing for investors.

Cont.....
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Nov. 2021 58
Vedanta (Rs. 309.00) (Code: 500295) :- Vedanta is weighing restructuring of its
corporate structure and creating standalone listed aluminium, iron & steel, and oil & gas busi-
nesses entities. The board has appointed committees for a comprehensive review and evaluation
of alternatives such as demerger, spinoff, and strategic partnership to help in value unlocking and
simplifying the corporate structure.

Kalpataru Power (Rs. 407.00) (Code: 522287) :- ICICI Prudential Mutual Fund
has acquired 2.86 lakh shares of Kalpataru Power, which could lead to some traction in the shares.

Camlin Fine (Rs. 156.00) (Code: 532834) :- Camlin Fine Sciences has announced
the acquisition of 33.50% stake in Dresen Quimica from its joint venture partner for $8.50 million.
The company and its subsidiary CFS Blends now hold 98.50% stake in Dresen.

BHEL (Rs. 62.00) (Code: 500103) :- BHEL has signed a cooperation agreement with
Ukraine’s Zorya Mashprokt for establishing local manufacturing of Marine GTs and RGs for the
requirement of the Indian Navy.

Seacoast Shipping (Rs. 178.00) (Code: 542753) :- The company’s board is slated
to meet on November 24 to consider splitting the face value of equity shares.

Pokarna (Rs. 616.00) (Code: 532486) :- CRISIL has upgraded the credit ratings on
Pokarna’s total bank loan facilities of Rs. 60 crore (reduced from Rs. 131 crore). The agency has
upgraded the long-term rating to BBB/Positive from BBB-/Stable. It has also upgraded the short-
term rating of the company at CRISIL A3+ from CRISIL A3. The company’s revenue is expected to
grow by 60-70% to Rs. 470 crore this year on commencement of operations and quick stabilisation.

Intrasoft Techno (Rs. 184.00) (Code: 533181) :- SV Investment has bought 1 lakh
shares at an average price of Rs. 188 on the NSE.

Punjab Alkalies (Rs. 195.00) (Code: 506852) :- Plutus Wealth Management has
bought 2.5 lakh shares of the company at an average of Rs. 194.24 per share.

Patel Engineering (Rs. 23.00) (Code: 531120) :- The company reported profit of
Rs. 6.11 crore for the September quarter as compared with a loss of Rs. 51.20 crore last year.
Income jumped over 64% to Rs. 651.56 crore from Rs. 396.30 crore last year.

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

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Nov. 2021 59
ELECTRIFYING E V STOCK FOR BUMPER RETURNS
BUY BSE LISTED G G ENGINEERING LTD
BSE CODE : 540614 • CMP RS. 16 50
SHORT TERM TARGET RS.22 • POSITIONAL TARGET RS 30
The company will commence manufac- The Indian government has
turing the product of completely “Made in
India” EV Charging stations and stations
set a mega plan for 2023
shall be used to charge 2/3/4 wheeler ve- • The plan is to cover 40,000 km of national
hicles and the company has developed an
highways with EV charging stations by
2023.
EV Charging station from 3 KW to 22 KW.
• That means, there will be an EV charg-
The company has a project of manufactures
ing station every 40-60 km.
environmental friendly solutions like Re-
• If you see this development from the lens
verse Vending Machines.
of an investor, then it's a mega opportu-
At 90%, India recycles one of the high-
nity.
est percentages of PET waste in the world, • Because this could accelerate sales of EVs
which is more than many advanced econo- in India like we have never seen before...
mies such as Europe and Japan. Increas- • Leading to a potential massive rally in a
ing adoption of products made from PET few EV stocks.
waste will drive demand for PET recycling • Keep eyes on G G ENGINEERING
solutions.
Diversified Income from Advertisement in RVM Machines can be really a Great Game Changer
stroke for the company. It is already in pact with Panasonic India Private Limited for 20% units and
it will boost income of company in coming quarters. Moreover Company is also in talks with
Western Railways for rest of the units for 5 years. If it is this contract is also framed, then sky is
the limit for the company.
Company launched its RVM Machines under “PETWASTE” Brand which is becoming now a
days very popular in its sector. It’s a well known brand now in market.
Conclusion and View : We expect company to perform exceptionally well in coming quarters
and years.Fundamentals of the company are really great and favourable investment option. MACD
and RSI above also indicate that Stock will be in big rally in coming weeks and months.
GG Engineering Limited with its strong earning visibility, strong brand and sound fundamentals,
has huge potential to deliver very good returns on investment in coming quarters.

***
Financial Weekly

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Nov. 2021 60
Investor’s Third Eye
Smt. Dr. Hemavathy / Padmanaban (Chennai)
E-mail : investorsthirdeye@gmail.com

Astrological planetary predictions

FOR STOCK MARKET INVESTMENTS
(22nd November to 28th November 2021)
In this week, Rahu takes its position in the house of Venus- Taurus, Ketu, sun
and mercury in Scorpio, venus in the house of Jupiter- Sagittarius, Saturn in its
own house, Jupiter in Aquarius, Moon occupies the house of Gemini, cancer
and Leo. on 22nd and 23rd November, the conjunction of ketu, mercury and sun
in scropio taking seventh position towards rahu in Taurus brings volatility in the
market. On 24th and 25th November 2021, Venus in the house of Jupiter-
Sagittarius and Jupiter taking eleventh position in Aquarius towards venus in its
own house may favour the market to certain extent. Cotton textile industry,
steel and iron based business ,ethanol producing firms, iron and steel, coal,
natural gas, textiles and information technology may outperform. Raymond,
welspun, rupa and company, Venus remedies, tejas network, Goldiem
International, Oelectra ,Prince pipes, DCM shriram, Pro seed may show good
movement of stock prices.

GOLD PRICE MOVEMENTS

(22nd November to 28th November 2021)
22nd and 23rd November 2021 : Moon in Gemini taking seventh position
towardsvenus in Sagittarius may favor the market
24th and 25th November 2021 : The conjunction of Ketu, Mercury and sun in
Scorpio taking seventh position towards rahu in Taurus may bring volatility in the
gold prices
26th November 2021 : Jupiter in Aquarius taking eleventh position towards
venus in Sagittarius may favor the market to certain extend
Financial Weekly

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Nov. 2021 61
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
stockmarket@ganeshaspeaks.com

Sensex Predictions ; Dt : 22nd Nov. 2021 to 26th Nov. 2021

" Please consider 10 minutes plus and minus in each prediction, and act ac-
cordingly. " Ganesha advises you to compare every prediction with the predic-
tion of the previous time slot.
22-11-2021 Monday :- From this week slot number (7) 19-11-2021 to 14-12-
2021 (with 17 trading days) must be read once. Whatever is written about the
yearly weightage and monthly weightage, take its reference once from the file of
monthly view. Between 12.30 from the opening, Nifty will do an upside jobbing of
the surface. Between 12.130 to 14.15 Nifty will do jogging on the downside of
the surface. After 14.15 there will be overall upside jobbing in Nifty.
23-11-2021 Tuesday :- If there is not much movement of planets between
9.15 to 11.05, and if you work in a margin of only one rupee, then only you will get
money as no big movement is visible. Nifty will remain up between -11.05 to
12.25. " Nifty will remain soft side between 12.25 to 13.50. " Nifty mix to up be-
tween -13.50 to the closing bell.
24-11-2021 Wednesday :- " Today, play with great attentiveness and alert-
ness since both Sun and Ketu are together in terms of degree " Today, the
indications of the planets say that you should make a position according to your
strength. " Sell Nifty around -12.22 and exit around 13.33. " Buy Nifty around
14.04 and exit around 15.10.
25-11-2021 Thursday :- " Let Nifty settle between 9.15 to 9.30, as it is in an
uneven pattern. " Nifty will remain up between 9.30 to 12.15. " No position zone
between 12.15 to 12.39. " Nifty will remain down between -12.39 to 13.39. " Nifty
will remain up between 13.39 to 15.15. " Slight profit booking will be done in the
last 15 minutes.
26-11-2021 Friday :- " Today the Moon of Cancer will show you the liquid
cash flow in the market. " Due to being in Aquarius now, there will be positive
work for the zodiac signs (Aquarius, Gemini, Leo and Libra) in the personalised
horoscope. " Nifty will remain up between 9.15 to 10.15. " Work between 10.15 to
12.15 by looking at Nifty Slight or Upside. " Between 12.15 to 14.15 Nifty will work
on the downside. " Between 14.15 to 15.30 Nifty will come upside and work.
Financial Weekly

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Nov. 2021 62
GOLDEN SHARE FOR HUGE RETURNS
BUY BSE LISTED RADHIKA JEWELTECH LTD
BSE CODE:540125 • CMP Rs. 99
SHORT TERM TARGET RS.140 • POSITIONAL Rs.174
Biggest Ever Boom. In Q3, 25 lakh marriages. Means Radhika can post record high numbers
with good growth.
This shows the high growth, the jewellers have achieved post covid.
A *Rajkot based* jeweller states: _“We have recovered the losses suffered in the last two years
with the orders in last 20 days alone.”_
1 Radhika jeweltech is a Rajkot based jewellery company founded in 1987. Company has deals
in high-end fine gold jewellery and diamond studded jewellery.
2 Migration to *main board* from SME board has been approved by BOD
3 Trading at forward *PE of just 6 !!*
4 H1 performance : Sales: Rs. 87.6 Cr vs 26.43 YoY
EBITDA: Rs. 13.9 Cr vs Rs. 5.8 YoY • EPS: Rs. 6 vs Rs. 2 YoY
(Since this is a seasonal business, only YoY comparison has been done)
5 H2 estimates: E Sales: 125 Cr • EEBITDA: 20 Cr • EEPS: Rs. 9
Full year FY22 • EEPS: 15
The easing of Covid-19 situation and gradual beginning of international flights has breathed
fresh life into the Rajkot jewellery making business, which had lost lustre due to lockdown and
poor demand last year.
Rajkot is a hub of light-weight jewellery and
famed for its designs. In fact, such is the de-
mand that the jewellery makers are struggling
to complete the orders and are facing short-
age of skilled artisans.
““Based on its potential for growth and
value addition, the Government declared
gems and jewellery sector as a focus area for
export promotion. The Government has un-
dertaken various measures recently to pro-
mote investment and upgrade technology and
skills to promote ‘Brand India’ in the interna-
tional market.“The Government has permitted
100% FDI in the sector under the automatic
route, wherein the foreign investor or the In-
dian company do not require any prior ap-
proval from the Reserve Bank or Government
of India.Due to these high growth
prospects,Radhika Jeweltech is all poised for
a grand future“

***
Financial Weekly

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Nov. 2021 63
News Track

Sarthak Metals posts 825% jump in net

profits for the first half of FY22
Net Profit jumps 825% for the first half of FY22., Total turnover up by
106% for the said period., Rise in aluminium prices augurs well for the
company., Backward integration yielded more rewards for its stakehold-
ers.
Sarthak Metals Ltd. has marked improved performance for the first half
of fiscal 2021-22 that ended on September 30, 2021. Its total revenue rose
to Rs. 203.69 cr. with commensurate rise in net profit at Rs. 12.21 cr.
against total revenue of Rs. 98.92 cr. and a net profit of Rs. 1.32 cr. for the
corresponding previous period. For the fiscal 2020-21 the company re-
ported total revenue of Rs. 222.08 cr. with a net profit of Rs. 7.97 cr. Thus
the first half result shows almost entire full previous fiscal top line and
bottom line marking stupendous rise.
For the first half of the current fiscal, SML has posted an EPS of Rs. 8.92
against Rs. 0.96 for the previous corresponding half year and crossed the
EPS of Rs. 5.82 posted for the entire previous fiscal.
According to company management, its bottom line has seen addition of
Rs. 2.67 cr. on account of sale of few assets and liability of discarded
business. As of September 30, 2021, company's paid up equity capital of
Rs. 13.69 cr. is supported by reserves and surplus of Rs. 50.64 cr.
Financial Weekly

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Nov. 2021 64
News Track

Netlink Solutions (India) Ltd.

Q2 FY22 PAT jumps
over 97% at Rs.93.32 lacs
Netlink Solutions (India) Ltd. reported a remarkable increase in consoli-
dated Q2 PAT in FY22 by 97%. The Q2 PAT stood at Rs.93.32 lacs mark-
ing a commendable leap in the profit figures. HY1 PAT for FY22 reached
Rs.1.39 crore, marking a rise against HY1 FY21.
Key Business highlights
Q2 FY22 PAT jumps by 97% at Rs.93.32 lacs as against Rs.47.35 lacs
in Q2 FY21
Corporate Gifts Show, the flagship division of Netlink Solutions is ex-
pected to resume its next edition in March 2022 after being stalled in 2020
and 2021 due to pandemic restrictions.
Newly acquired division "FairAct" that remained stalled due to lockdown
has recently started minor operation with government-imposed rules show-
ing some relaxation.
Netlink Solutions (India) Ltd. founded Corporate Gift Show in 2016. This
leading B2B tradeshow on houseware, stationary, home decor, and gifts is
being jointly managed by Netlink Solutions and Messe Frankfurt Trade
Fairs India Pvt. Ltd, (wholly own subsidiary of Messe Frankfurt GMBH), a
globally renowned exhibition organizer. The tradeshow remained stalled
since 2020 due to government restrictions on public events. With the
lockdown rules showing some relaxation, Corporate Gift Show is expected
to conduct its next edition in March 2022.
Financial Weekly

21st Nov. 2021 to 27 th

Nov. 2021 65
REVIEW OF “SMART PLUS NEWS LETTER”
Amazing 18% RETURN
SMART GAIN FOR SMART INVESTORS
Company Reccom. High after Ch. Company Reccom. High after Ch.
15-11-21 Recomm. (%) 15-11-21 Recomm. (%)
Morganite 943.45 1099 16.4 HG INfra 697 719 3.16
L&T Info 7247.75 7398 2.07 Century Ply 678 700 3.24
Endurance Techno 1816 1918 5.62 Alembic Pharma 778 786 1.03
Persistent Sys. 4149 4315 4 Mphasis 3350 3454 3.1
Siemens 2384.7 2395 0.43 Ashok Leyland 145 152 4.83
Blue Dart 6942 7108 2.39 KPIT Techno 429 466 8.62
Coromandal Int. 792 802 1.26 Motherson Sumi 245 249 1.63
Page Ind. 40440 41171 1.81 I.B. Housing Fin. 229 237 3.49
M&M 937 960 2.45 Jagsonpal Pharma 162 192 18.52
Aarti Ind. 948 988 4.22 Zomato 153 157 2.61
UPL Ltd. 769.75 783 1.72 Tejas Network 445 465 4.49
Gujarat Gas 668 675 1.05 Pricol 120 122 1.67
Whirlpool 2276 2347 3.12 Greenply Ind. 230 232 0.87
Carborundum Uni. 916 924 0.87 RVNL 37 38 2.7
Birla Corp. 1491.85 1522 2.02 APM Industries 35.6 36 1.12
SRF 2154.45 2192 1.74 Karnataka Bank 77 78 1.3
Sandur Manganese 2021 2042 1.04 Trident 39 45 15.38
Minda Corp 161 177 9.94 SCI 133 140 5.26
Tata Motors 503 530 5.37 Devyani Inter 160 163 1.88

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21st Nov. 2021 to 27 th

Nov. 2021 66

Financial Weekly

Editor : Dilip K. Shah

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