SINCE 1992
BLUECHIP
24 TO 30 JUNE 2024
YEAR : 32 | PAGES : 17
Uravi T and Wedge Lamps Ltd ventures into Defence
with acquisition of 55% stake in SKL (India) Pvt Ltd
NSE
Uravi T and Wedge
Lamps Ltd (BSE - 543930,
- URAVI), has
announced its acquisition
of up to 55% stake in SKL
(India) Pvt Ltd. The deal,
worth Rs 20 crore, will be
executed in multiple
tranches over a period of 24
months. SKL India special-
izes in power systems and
defence equipment, and
the acquisition marks
Uravi's entry into the
defence sector.
For this purpose,
Purchasers have executed
Agreement for Purchase
dated June 18, 2024 with
SKL India Private Limited,
Existing Promoters of the
company.
Uravi T and Wedge
Lamps Ltd, a notable manu-
facturer of LED lamps for
automotive and household
applications, has
announced its strategic
acquisition of up to 55%
stake in power systems and
defence equipment maker
SKL (India) Pvt Ltd for
approximately Rs 20 crore.
The agreement is set to be
executed in several tranch-
es, beginning with a 43.91%
stake acquisition in the first
phase, followed by a 6.1%
acquisition in the second
phase, and concluding with
A
INVESTMENTS
Company to acquire 55% in SKL for a
consideration of upto Rs. 20.1 crore
the remaining stake.
This acquisition repre-
sents Uravi's foray into the
defence sector, as high-
lighted in their official
statement. According to the
company, SKL India's estab-
lished presence and reason-
able valuation were key fac-
tors in the deal. SKL India,
known for designing and
manufacturing power sys-
tems and special-purpose
defence equipment, gener-
ated Rs 20.2 crore in rev-
enue for the 2023-24 fiscal
year.
H M E D A B A D
Uravi, which reported a
23% growth in total income
amounting to Rs 42.68
crore for the 2023-24 finan-
cial year, aims to leverage
SKL India's expertise to
expand its market reach.
The completion of the
acquisition is expected
within 24 months from the
end of the first tranche.
SKL (India) Pvt Ltd spe-
cializes in designing and
manufacturing power sys-
tems, associated equip-
ment, and special-purpose
defense equipment. With
BLUCHIP INVESTMENTS GJ VOL.32 ISSUE NO. 33
EDITOR : YOGESH KANTILAL SHAH
extensive experience in cre-
ating compact and efficient
power systems, AMF panels,
distribution panels, and
sound attenuation
canopies, the company uses
the latest tools and 3D soft-
ware to deliver innovative,
robust solutions tailored to
customer needs, primarily
serving the domestic mar-
ket.
Established in 2004, Uravi
is a leading manufacturer
and supplier of incandes-
cent and wedge-based
automotive lamps. It is
India's largest producer of
automotive lamps for
instrument clusters and the
second-largest in the auto-
motive signaling and park-
ing lamps segment for
OEMs. Uravi offers over 50
products, including lamps
for instrument clusters, sig-
naling, indicators, brake
lamps, and headlamps for
two-wheelers, four-wheel-
ers, and tractors. The com-
pany operates three manu-
facturing units: one in
Bhiwandi, Thane
Maharashtra, and two in
Kathua, Jammu and
Kashmir, with the third facil-
ity set up in 2022, boasting
an installed capacity of over
40 million units per annum.
Uravi has significantly
improved its financial and
operational performance
and is poised for exponen-
tial growth through strate-
gic initiatives to expand its
domestic operations and
export network. The com-
pany provides tailored solu-
tions for both OEM and
aftermarket sectors under
the brand name "UVAL,"
with products approved
and used by major OEMs
like Bajaj Auto, TVS Motors,
Hero Moto Corp, Yamaha,
Royal Enfield, Ashok
Leyland, Tata Motors, and
Mahindra. Strategic collab-
orations with LED filament
lamp manufacturers in
China and the Philippines
further enhance its product
portfolio.
Listed on the NSE SME
platform in March 2018,
Uravi migrated to the main-
board of BSE and NSE in
July 2023.
02 BLUECHIP INVESTMENTS
SINCE 1992 YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024

As the budget countdown begins and monsoon concerns...

Despite the buying by foreign investors
after new records, the bullishness is seen
to tire for a short period of time
In the next week of blue chips, Sensex is
seen to touch between 75945 and 77925
and Nifty between 23054 and 23737.
Prime Minister Narendra Modi, Home
Minister Amit Shah and Finance Minister
Nirmala Sitharaman predicted that Indian
stock markets will set new records after
the election results on the days of the Lok
Sabha elections. Sensex, Nifty set new
records. Sensex 77808.45 and Nifty
23667.10 made new historical highs. The
election results were expected to come
under pressure from the ruling party
BJP, but allies NDA and JDU expressed full
confidence in the leadership of Prime
Minister Narendra Modi, signalling the
determination to take the country to new
heights of economic growth under his
leadership and the Modi government's
economic policies. Funds have also started
buying again regretting being left behind
and selling stocks cheaply.
Now, in this streak of historic boom, the
exercise of presenting the first full central
budget of the third term of the NDA gov-
ernment has started. The BJP government
is likely to focus on curbing the demon of
inflation as well as addressing the major
problem of youth employment in the
Union Budget this
time after a weaker-
STOCK WAVE
than-expected victory
Yogesh Shah
in the elections. So
that it is possible that this time the tax
burden on the corporate world and espe-
cially on the very rich people will be
increased and an attempt will be made in
this budget to remove the mound created
by the Adani-Ambani government. Along
with this, the bullishness can be made
stronger by reducing the burden of vari-
ous taxes on the investors in the stock
markets. Along with this, an attempt can
be seen to attract more investors to the
market by increasing the income tax
exemption limit for individual taxpayers
to increase the disposable income of the
people and further encourage invest-
ment. Of course, now with this central
budget exercise the progress of monsoon
has been slow but one should be cautious
in new big purchases and maintain a safe
investment in stocks of companies with
very strong fundamentals. While selling
trading stocks and stocks bought for
short term, it will be imperative to book
profit and keep cash on hand. In the next
week of blue chips, Sensex can be seen
hovering between 75945 and 77925 and
Nifty between 23054 and 23737.

SURE SHOT SHARE - H RATHORE

COMPNY CMP TARGET COMPNY CMP TARGET
COAL INDIA 480 510 E-OIL 168 180
CANARA BANK 119 130 NMDC 233 290
BIG BLOCK 238 260 NMDC STEEL 60 100
EXIDE IND. 573 600 SW SOLAR 787 825
IEX 180 195 TITAGAR WAGON 1595 1700
J. KUMAR INFRA 874 950 MARKSON PHARMA 163 175
VISHNU CHEMICALS 424 460 HPCL 342 360
WITH FOOD 453 500 BPCL 308 330
MANN INFRA 203 220 CASTROL 214 230
GAIL 214 230 AMARRAJA 1410 1550

HOT CAKE
COMPNY CMP COMPNY CMP
GTV ENG. 598 KALYAN JEWELLERS 453
VIPUL ORGENIC 183 SHRADHA INFRA 138

TIRUPATI STARCH 207 WINDSOR MACHINES 150

POPEES CARES 110 UARVI 590

ARCHIES 26 MARUTI INFRA 216

YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024 SINCE 1992 BLUECHIP INVESTMENTS 03
STOCK SCAN Priyanka Raval
Posting a 46.96 percent jump in net profit for the full financial year 2023-24
Cummins India: High Dividend Paying Investor Friendly
Priyanka D
Multinational Group Company Sees New Growth Peaks
Rawal BSE (Code- and electronics for OEMs and end
500480), NSE users in commercial vehicles and
(CUMMINSIND) listed, Rs.2 paid- industrial applications. The compa-
up, shareholder friendly, paying ny's solutions drive devices with
high dividend regularly and having greater efficiency, performance,
97.29 per cent bonus equity in total durability, and reliability. Cummins'
equity through five bonus share development and manufacturing
issues. Established in the year 1962 expertise is combined with vast
as the largest Cummins company market knowledge to tailor solu-
in India, Cummins India Limited Cummins India Limited (21, June 2024) tions to our customers' needs. The
(CUMMINS INDIA LIMITED) is a The closing price of the share BSE Rs.3893.05 company's technology is commit-
leading manufacturer of diesel and Closing price of share NSE Rs.3895 ted to making devices smarter
natural gas engines in the country. Market capitalization Rs.1,07,969 crore gency, light today, tomorrow and beyond.
One of the seven legal companies ROCE 28.76 % MARCH 2024 c o m m e r c i a l Best Dividend Track Record The
of the Cummins Group in India, vehicles, medi- company has an excellent track
Cummins India Limited consists of nology, maximum footprint, um-duty trucks, heavy-duty trucks. record of regularly paying divi-
three major business segments - enhanced fuel efficiency and come In generator and power systems dends to shareholders. 200 percent
Engines, Power Systems and with smart offerings, resulting in applications Cummins provides in 2006, 200 percent in 2007, 350
Distribution. Leading power solu- reliable and dependable products. fully integrated power system solu- percent in 2008, 630 percent in
tions providers in the country. As This expanded range under- tions for any application, anywhere 2010, 750 percent in 2011, 550 per-
the oldest and largest entity in scores the company's commitment in the world. Customers rely on the cent in 2013, 650 percent in 2014,
India's Cummins Group, Cummins to providing high-efficiency solu- company's generator sets and par- 201 450 per cent in 5th , 700 per-
India Limited is engaged in power tions across various industries, allel controls to power their opera- cent in the year 2016, 700 percent
generation, aftermarket, and ensuring reliable uninterrupted tions, and benefit from the compa- in the year 2017, 750 percent in the
export businesses. The company power sources for a wide variety of ny's system level controls, remote year 2018, 850 percent in the year
has strong manufacturing capabili- applications in the residential and monitoring, switchgear and trans- 2019, 700 percent in the year 2020,
ties and has six state-of-the-art commercial sectors, from heavy- fer switches, and microgrid com- 750 percent in the year 2021, 925
manufacturing plants, assembly, duty machinery to critical power ponents. These include cogenera- percent in the year 2022 and 1250
and distribution facilities. generation needs such as health- tion, commercial mobile power, percent in the year 2023, 1900 per-
The engine business manufac- care and data centers. Included. distribution generation, rental cent in the year 2024.
tures engines (125 to 400 hp) for The new addition to the portfolio power solutions, prime power, res- Promoter parent Cummins Inc. in
the off-highway commercial equip- of CPCB IV+ compliant generators idential and light commercial, the share holding pattern compa-
ment industry spanning the low, is the first in the industry to receive standby power. ny. Hastak owns 51 percent hold-
medium, heavy duty commercial ARAI accreditation across all Cummins Emission Solutions ing, mutual funds hold 18.62 per-
vehicle markets and construction nodes. Cummins Emission Solutions is the cent, with HDFC Mutual Fund hold-
and compressors (49hp to 430hp). Manufacturing Facilities The global aftertreatment system and ing 1.39 percent, Axis Mu. The fund
The Power Systems business company's manufacturing facilities technology partner of choice for has 1.72 percent shareholding,
designs and manufactures robust consist of four plants. In which customers looking to meet or ICICI Prudential Bluechip Fund 2.81
engines with a horsepower spec- three are in Pune-Kothrud, Pune- exceed OEM and emissions regula- percent, SBI Blue Chip Fund 2.95
trum ranging from 700 HP to 4500 Pirangat, Satara-Phaltan, tions. The company's capabilities percent, Kotak Emerging Equity
HP. These engines are designed for Maharashtra and one in Tamil as an integration partner that can Scheme 3.36 percent. While insur-
various sectors including marine, Nadu Thiruvallur district Chennai. custom-build solutions to meet ance companies have 2.52 percent,
railways, defence, and mining. The Off-highway engines and indus- specific challenges are unparal- SBI Life Insurance has 1.12 percent.
business focuses on providing trial use are some of the applica- leled in the industry. By investing in Provident funds and pension funds
high-performance solutions that tions powered by Cummins emission treatment systems for have 1.40 percent. Foreign portfo-
meet the specific demands of every engines. Off-highway engine use - tomorrow's alternative energy lio investors hold 17.22 percent.
industry, also designing and devel- applications include agriculture, sources, the company is committed While retail investors have only 7
oping integrated generator sets for compressor engines, construction, to providing the industry with reli- percent.
various applications power genera- G-DRIVE engines, marine, mining, able solutions for today, tomorrow, The bonus share issue record is
tion systems ranging from 7.5 kV oil and gas, drilling, well servicing, and beyond. 4:7 in 1981, 1:1 in 1984, 1:1 in 1987,
to 3750 kV. gas compression, rail. Software and Electronics 1:2 in 194, 2:5 in 2011. The compa-
Cummins Power Generation On-highway engine use-applica- Cummins Software and Electronics ny holds 97.29 percent bonus equi-
Systems also designs and develops tions include bus, fire and emer- develops sophisticated software ty in total equity from these five
integrated generator bonus share issues.
Corporate Score Card
sets from 7.5 kV to 3750 Book value
Rs. In cr. Q4 March-24 Q4 March-23 % FY 2023-24 FY 2022-23 %
kV. With a legacy of over Rs.207.73 in March
Total Income 2520.62 2056.62 22.56% 9526.39 8164.42 16.68%
100 years globally and 2023, Rs.238.54 in
NET PROFIT 561.52 318.50 76.30% 1660.62 1129.82 46.98%
over 60 years in India, March 2024
EPS Rs. 20.26 11.49 59.91 40.76
these generator sets contine on
NPM% 24.24 16.54 18.54 14.59
offer best-in-class tech- page 05
04 BLUECHIP INVESTMENTS
SINCE 1992 YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024

Rapid Fire stock | Jupiter Wagons Ltd.

CMP : 680 | Mkt Cap (Rs. Cr.)- 28,013
High- 693.85 | Low- 658.30

Jupiter Wagons Limited

(JWL) is a provider
of comprehensive
mobility solutions, with diverse offerings
across Freight Wagons, Locomotives,
Passenger Coaches (LHB), Braking Systems,
Metro Coach, Commercial Vehicles, ISO
Marine Containers, and products such as
Couplers, Draft Gears, Bogies, and CMS
Crossings. JWL has manufacturing facilities
located in Kolkata, Jamshedpur, Indore, and
Jabalpur with full backward integration to
its foundry operations. The Group has
established partnerships with leading
global companies such as Tatravagonka
(Slovakia), DAKO-CZ (Czech Republic),
Kovis Proizvodna (Slovenia), Telleres
Alegria S.A (Spain).
With a rich legacy over four decades, the
Company has leveraged its deep techno-
logical capabilities and robust financial
position to emerge as a one-stop shop for
mobility solutions and reinforce its posi-
tion as one of the fastest growing within
the industry. Catering to industries such as
Railways (Freight + Passenger), Metro Rail,
Automobile, Transportation, Logistics,
Construction Equipment, Municipalities,
Healthcare, Energy, Mining and
Infrastructure, the Company boasts a mar-
quee client base including the Indian
Railways, American Railroads, Indian
Ministry of Defense, Tata Motors etc.
The Company has unique and fully inte-
grated railway rolling stock manufacturing
facility in Kolkata wherein alloy steel
Performance Highlights Of Q4 FY24
= Total Income for Q4 FY24 stood at
foundry is equipped to deliver all essential
casting components required for construc-
= EBITDA for Q4 FY24 at 14,772 lakh, up
tion of railway wagons. The facility is also
equipped with cold roll-forming mills to
= Continue to deliver industry-leading mar-
cater to the requirements of complete
range of Indian Railway wagons. This facil-
ity has more than 4km of railway siding
= PAT for Q4 FY24 stood at 10,422 lakh,
connected to Bandel Junction under
Eastern Railway. The wagon fabrication
facility in the same factory is distributed
= EPS for the quarter is 2.54 per share of
into three sections of clientele namely
continue on next page
Wagons
Product portfolio
= Open Wagons
= Covered Wagons
= Flat Wagons
= Hopper Wagons
= Container Wagons
= Special Purpose Wagons
Wagon Accessories
= Alloy Steel Cast Bogies
= High Tensile Centre Buffer Coupler
= High capacity Draft Gear
Brake System & Brake Disc
= Fabricated Bogie
= Coupler & Draft Gear for Passeneger
Train
= Axle Mounted Disc Brake System
= Brake Disc and Split Brake Disc
= Brake Pads
Complete Track Solutions
= CMS Crossings for Indian Railways
= Weldable CMS Crossings on PSC
Slippers for Indian Railways
Commercial Vehicle Load Bodies
= Mining & Road Construction
= Goods Transportation
= Defence Vehicles
Specialised Containers
= ISO Marine Container
= Refrigerated Container
= Truck Mounted Container
= Cold Chain Transport Solution
Commercial Electric Vehicle
1,12,134 lakh, up 57% (YoY)
59% (YoY)
gin as EBITDA Margin improves to 13.3%
in Q4 FY24 from 13.1% in Q4 FY23
higher by 156% (YoY) with PAT Margin
improving to 9.3%.
a face value of 10 each.
Key Developments Of FY 24
= JWL has made a strategic entry into the global
markets by signing a long-term Memorandum of
Understanding (MOU) with RITES Limited,
= The production momentum of wagons for public
and private customers continues to remain robust.
= A new foundry is scheduled to be established in
Jabalpur over the next 18 months with a capacity
of 2,000 tonnes, catering to both captive use and
exports.
= The wagon manufacturing capacity has been
increased to ~900 wagons per month at present.
Once the expanded capacity of the foundry is
made available, it is expected that production
capacity will increase to 1000 wagons per month.
= In the Marine Container Business, the outlook for
specialized containers is improving as the
Company has:
= Secured a contract for 40-foot 'Open Top, Coil
Containers' with a pilot order worth ? 1,000 lakh.
= Received a Letter of Intent (LOI) from an Indian
Subsidiary of a Prestigious Global Group for the
supply of 1,000 units of special Flex Inverter con-
tainers for the fiscal year 2024-25.
= Been receiving a high level of interest from inter-
national esteemed clients.
= JV Company JWL DAKO CZ India Ltd. has received
an order aggregating ~? 11,200 lakh for axle-
mounted disc brake systems from Indian Railways.
= The BESS container, a key element in Solar and
Data Centre Containers, offering energy storage
capabilities has a huge market opportunity in
round-the-clock Renewable Energy Projects as well
as Commercial Industrial Energy storage in both
domestic and international markets. With Jupiter's
expertise in making containers for this application,
we now are looking forward to adding more value
for the same by creating complete integrated solu-
tions for varied markets.
= Jupiter Wagons Limited concluded a successful
Qualified Institutional Placement (QIP) in May and
December 2023 amounting to ~ ? 52,800 lakh
which includes prominent investors, including DIIs
like Tata MF, HSBC MF, Bandhan Equity Fund, and
FII's like Societe Generale, and Copthall Mauritius
Investment Limited.
YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024 SINCE 1992 BLUECHIP INVESTMENTS 05
continue on last page Key Developments Of Q4 FY 24 Performance
Indian Railways, Defence and Non-Railway Customers. = Order book as of 31st March 2024 stands at 7,10,166 lakh. Highlights Of FY24
The second railway engineering unit in Jabalpur is = Secured a contract in March 2024 from the Ministry of = Total Income for
equipped with adequate railway siding and two sections Railways for the manufacturing and supply of 2,237 BOSM FY24 stood at
of clientele namely and Indian Railways and Non- Wagons aggregating to 95,700 lakh. 3,66,224 lakh, up
Railway Customers. The in-house foundry and CRF mill = Secured a contract with the Ministry of Defense for the 77% (YoY)
cater to both the rolling stock fabrication units. manufacturing and supply of 697 Boggie Open Military = EBITDA for FY24 at
Application based commercial vehicles are situated in (BOM) Wagons. This significant agreement holds a value of 49,103 lakh, up 93%
Jabalpur (two units), Indore and Jamshedpur. The prod- 47,300 lakh. (YoY)
uct portfolio includes wagons, wagon accessories, pas- = Secured a substantial order from a prominent automobile = Continue to deliver
senger coach, passenger coach accessories, complete manufacturer for the manufacturing and supply of four industry-leading
track solutions, among others. The Company caters to rakes of Double Decker Automobile Carrier Wagons, with margin as EBITDA
Commercial Vehicles, Railways and Power sectors the order totaling 10,000 lakh. Margin improved to
through manufacturing of tippers, load bodies, wagons = The acquisition of Bonatrans India Private Limited (BIPL) by 13.5% in FY24 from
and components. Jupiter Wagons Limited (JWL) for 27,100 lakh represents a 12.3% in FY23
Order From Ministry Of Railways major milestone for JWL, reiterating its position as the pre- = PAT for FY24 stood
Jupiter Wagons announced that it has received a con- eminent rolling stock manufacturing company in India and at 33,279 lakh,
tract worth Rs 957 crore from the Ministry of Railways the only one with its own wheel plant. BIPL, situated in higher by 165%
(railway board) for manufacturing and supply of BOSM Chhatrapati Sambhajinagar (Aurangabad), Maharashtra, is (YoY), and PAT
wagons. well-known for its production of rolling stock wheelsets, Margin improved to
The Railway Ministry had placed an order for the man- with an impressive annual capacity of 20,000 Wheels and 9.1%.
ufacturing and supply of 2,237 BOSM wagons. 10,000 Axles. = EPS for FY24 is 8.27
The contract, valued at Rs 957 crore, further strength- = CRISIL Ratings has conferred a Long-term rating of CRISIL per share of a face
ens the companys position in the market and highlights AA (-) with a Stable outlook, and a Short-term rating of value of 10 each.
its capabilities in catering to large-scale projects. CRISIL A1(+), both assigned to the bank loan facility

continue from page 03 economy continues to be resilient despite Future projections

(1) In the full year April 2023 to March 2024,
the company registered a total income of
Rs.8164.42 crores increased by 16.68% to
Rs.9526.39 crores, NPEM increased by 18.54%,
net profit increased by 46.98% from Rs.1129.82
crores to Rs.1660.62 crores and Earnings per
share-EPS Rs. 40.76 has increased to Rs.59.91.
(2) Expected Full Year April 2024 to March
2025 Earnings-EPS of Rs.79.60 with Rs.11316
crore and net profit margin of 19.5 per cent reg-
istering net profit of Rs.2206.62 crore. The Rs.2
paid-up share of the company is currently avail-
able at the price of Rs.3894. This multinational
group company can be seen scaling new
heights of growth with massive investment in
the infrastructure sector in the country.
The company's managing director Ashwath
Ram recently said with the results, the Indian
geopolitical events and other economic events.
Events affecting the development of various
countries. Key economic indicators such as GDP
growth at a rate of 7.6 percent and a consistent
PMI show optimism for continued growth.
Strong tax collections indicate underlying
growth in economic activities. Continued focus
on infrastructure in the interim budget of the
Government of India and further allocations
driving growth is in the interest of end markets
for the company. The company posted another
year of record revenues and profits due to
strong demand. Demand from the domestic
market while the export market was soft. The
company launched CPCB IV+ range of products,
which were very well liked by the customers.
The company is well positioned to support it
with a strong balance sheet and liquidity.
Investment in infrastructure (public and pri-
vate) and broader economic growth continues.
To accelerate profitable growth for the company.
As for the Power Gen market, CPCBII products
can be sold till June 30, 2024. As a result, the
market will see a change in demand. Complies
with CPCB IV+ emission norms from July 1,
2024. The company has a strong portfolio of
products complying with CPCB IV+ emission
standards across the product range to meet the
demands of one's customers. Exports may be
impacted in the near term due to global eco-
nomic uncertainties. The company closely mon-
itors the outcome of geopolitical events unfold-
ing in various parts. World and global demand
and its impact on supply chains. Also, the com-
pany has a diversified portfolio of products and
is striving for a recovery in exports.

1# ALEMBICLTD (Alembic Limited) 2#INOXGREEN (Inox Green Energy Services Ltd)

stands out as an intriguing opportunity for investors. As of stands out as an intriguing opportunity for investors. As of
now, the stock is trading at a CMP (Current Market Price) of SWING STOCK now, the stock is trading at a CMP (Current Market Price) of
112.10 as of date 21 June 2024 time 01:40 PM. For those con- Jiten Dhamecha 167.70 as of date 21 June 2024 time 01:50 PM. For those con-
tradingstockj@gmail.com
sidering an entry into this potential winner, the suggested WA: https://wa.me/919427917539 sidering an entry into this potential winner, the suggested buy
buy range is 109-114 Analysts predict a promising trajectory Telegram: https://t.me/SwingSt0ck
Mobile: +919427917539
range is 163-170 Analysts predict a promising trajectory for
for ALEMBICLTD with test targets at 118-121-125 potentially INOXGREEN with test targets at 175-179-183 potentially
reaching 128 or beyond. However, prudent risk management is crucial in reaching 188 or beyond.
stock trading. To mitigate potential losses, it is advised to set a stop-loss However, prudent risk management is crucial in stock trading. To miti-
(SL) at 105-104. Strict adherence to this stop-loss is recommended to safe- gate potential losses, it is advised to set a stop-loss (SL) at 157-155. Strict
guard investments. adherence to this stop-loss is recommended to safeguard investments.

We may see stock specific movement in both side volatility in the market
# Hot Weekly Stock
Futures:
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: Rs. 1391 stoploss… It may
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stoploss… It may touch 162
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BAJ NAJARE
Short term Stock :
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M : 90990 10827
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06 BLUECHIP
All the satisfactory targets have been achieved, the
budget has been achieved to sustain the new boom
BAJ NAJARE
Dipak Saudagar
M : 07666747902
E-mail : sdg5Paisa@gmail.com
Focus on defence, railways,
renewable energy, banking.
Always hold on to the trend early
before it gets discussed on social
media. Only two ways to catch the
trend early --- 1) Sector
Turnaround 2) What Modiji says ??
Reader friends, the nifty does not
have the power to move upwards it
needs to close above 23650 for a
further up move. For a few days it
has been going up, but the scrips
were all selective, today may be the
beginning of a correction which is
very necessary to continue for the
budget rally. Closing below 23400
in the Nifty is worrisome.
The Nifty has been witnessing
turbulent fluctuations for the last
two weeks and now at the end of
the week, the air seems to have
started to slide out of the balloon.
The Nifty has a cautious alarm,
which does not have the power to
move upwards, needs to close
above 23650 to show a higher level
. It has been going up for a few
days, but the scrips were all heavy
weights. Today may be the begin-
ning of a correction that is very
much needed for the budget rally
to continue. The Nifty closing
below 23400 is a concern for the
bullish trend.
The opinion poll saw 23,844 on
the day , followed by 23,415 in the
previous week at a high of 23,415,
making it the only compact lower-
top, while the individual sectors of
fertilisers, chemicals, pharma, and
sakar, oil, oil, all played their part
like musical chairs and tried their
best to stay above 23,600.
In fact, the entire sale of FIIs and
big heads has not been cut. Now
comes the monthly experience in
the coming weeks which is an
opportunity to equalize the sales
and it will see or likely see big fluc-
tuations and volatility.
In short, now the game of the
boomers will slip under 23415. And
those who have traded without
understanding and power should
be careful. There may be a great
asmani sultana.
INVESTMENTS
SINCE 1992
NIFTY
Understanding the resistance
surface of 23650 - 23672 - 23769
and 23926 agastya in height.
With this, preparations for the
budget have now started and the
counting of 24200 to 24500 around
it will be completed before the
elections.
The upcoming budget will be lib-
eral - simple and on the count to
please the people. There won't be
any measures specifically that
offend a new big market.
Kher will not be in a hurry below
23415 in the coming week.
Bank Nifty 51600: Weekly
improvement of 3.11% and daily
improvement of --0.30%. This index
seems to be tired. After seeing an
upheaval in four indices in the last
week, now there is a very serious
resistance level of 52000. Due to
the monthly expiry , 51882 in the
high.
The original flow and trend are
bullish until 49,572 are broken
there is no problem.
For various sectors, if we look at
the most bullish movement in the
last week, nifty private bank sector
is leading with 3.97 percent, fol-
lowed by bank Nifty with 3.11 per-
cent, phenoial sector 2.38 percent,
micro 250 1.98 percent and IT sec-
tor 1.42 percent. FMCG closed
down by 2.14 per cent, pharma sec-
tor by 1.97 per cent and MNC by
1.93 per cent, thus the Nifty may
have seen good in the last week but
there has been profit-booking in
various sectors.
Some sections think that the rs
20,000 crore per month's income
from mutual funds that support the
market well but it takes just 24
hours to bring down the market
from 5% to 10% in individual cities.
Remember not to forget that
market volatility is always in per-
YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024
centages and not in terms of
rupees.
Seacoast Shipping Off 6.69 -
7: Let's talk about this company
falling in the category of one penny
stock.
Established in 2005, SeaCost
shipping was launched to provide
logistics services to exporters and
importers. SSSL is one of the largest
freight forwarders in Gujarat. It is
one of the top 3 freight forwarders
handling the export of agri export
commodities in containers from
Mundra Port Company, which han-
dles the export of agri-export com-
modities in containers. Focuses
on container freight forwarding
and internal route logistics. In addi-
tion to this, freight broking and
domestic and international surface
transport with agreements with
major shipping companies to clear
and forward export containers,
complex logistics solutions for
over-dimensional consignments
through multi-modal routes and
international freight forwarding
services to its customers.
Agreements with Corporates :
The Company enters into long and
short term agreements with ship
owners around the world to trans-
port dry bulk cargo and to provide
intermediary services in respect of
import/export of goods by sea
route.
At present the price is Rs. 4.69.
After listing, the top of Rs. 26.5 in
the high was in the flow of softness.
By making a bottom of Rs. 2 in the
low, now the shares are gathered in
a house at a lower price with the
volume and the price of Rs. 10 to
Rs. 12 can be expected in the medi-
um time. The company has no fun-
damentals, so only the token busi-
ness can be done. If the results are
stable at Rs. 10, then the quarterly
BANK NIFTY
results can be increased.
After the IDFC 4 closed price
made a high of 83.40 paise at a
price of Rs 98, the lower top and
lower bottom were formed on the
weekly chart continuously and in
the last week, it closed exactly near
the breakup level near the resist-
ance line of the downloaded train
line. In the coming days, now the
fluctuations of Rs 98 and then
closing above Rs 101 can be seen
around Rs 130. You can consider
buying an investment from a stop
of 78.
Biocon closed price 345 was
recommended to be bought in this
stock around 320 last week and
the price was expected to come
around 365, last week the price of
350 was made to a high of 345.
Consider buying an investment
rupee with the calculation of seeing
the price of .
Idea Vodafone closed price
17.15 paise Last week, the invest-
ment in this stock was said to buy
rupee, now the highest weekly
close has come, looking at the way
it closes in the weekly view, the
fluctuation is now calculated to see
the price coming quickly around Rs
20.
Humbakchand Rs 509; The
company, which comes in the
chemical sector, has seen an
improvement of 27%. There has
been a bullish breakout. You can
think of buying a low in the low.
Stop interest 500.
BPL closing price 128 The lat-
est new close has come with a cor-
rection of 22% in the last week, the
breakout of the boom is also being
seen, currently it can be consid-
ered to be traded by taking the
decrease around 115.
Clean closed price 1450 with
continue on page 09
YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024 SINCE 1992 BLUECHIP INVESTMENTS 07

Maruti Infrastructure Limited: Leading the

Way in EWS Housing and Urban Infra Projects
Company approved issue of bonus shares in Key Highlights
= Maruti Infrastructure Limited is a leading Infrastructure and
1:2 Ratio; Stock Split - 5 Equity shares of Rs. 2 Construction of EWS Housing Projects and Urban Infra
Projects company in Ahmedabad and the surrounding
each against 1 Equity share of Rs. 10 each. founded in December 1994 and specialized in offering pro-
fessional construction of management property services in
both residential and commercial.
= Mr. Nimesh D. Patel (promoter Director of Maruti
Infrastructure Limited and Director in Karnavati Club Ltd and
Construction Skill Development Council Of India) under the
Maruti Infrastructure Limited, a pre- guidance and support of his father Mr. Dasharthbhai Patel
mier construction firm based in and Patel family had floated a Company in the year 1994
Gujarat, has solidified its reputation as with a aim to provide a Best Corporate Service in the field
a leading force in the construction of of Construction, Real Estate, finance etc.
Economically Weaker Section (EWS) 264.75 crores, Maruti Infrastructure is = In the span of only 2 years and with the courage and guid-
listed among the top 2000 companies
housing projects and urban infrastruc- ance of Mr Nimesh D Patel as Managing Director,
ture developments. Established in on the Bombay Stock Exchange. Companies equity shares got listed on Bombay stock
December 1994, the company has Mr. Nimesh D. Patel, Chairman and exchange on 22/03/1996.
Managing Director, shared his vision
been at the forefront of delivering pro- = With many years of offering good services in the industry,
fessional construction management for the future, "We have successfully the company is dedicated with competent work force and a
and property services across residen-completed over 40 projects and cur- large clientele base for constructions and Infrastructure for
rently have 12,72,790 square feet of
tial, commercial, and industrial sectors. both in commercial and residential sector.
Founded by the visionary Mr. ongoing projects valued at approxi- = Company has already completed more than 40 projects and
Nimesh D. Patel at the young age of mately Rs 207.25 crores, which are at present Company is having 12,72,790.00 sq feet of work
25, Maruti Infrastructure began its expected to be completed within the on hand amounting to around 207.25 crores which is going
journey as Maruti Real Estate and next two years. We are also planning to be completed in next two years.
Finance Limited. Driven by a dream toto bid for new tenders worth around = Currently Company has constructed around 2400 unit of
revolutionize the construction and Rs 200 crores under the Pradhan EWS housing Project under Pradhan Mantri Avas Yojana
Mantri Awas Yojana and various private
financial industries, Mr. Patel's leader- Ahmedabad Gujarat amounting to Rs 7500 Lakh approx.
ship swiftly propelled the company toprojects, with completion targets set = Further company will also going to complete 1000 unit of
for the next 3 to 4 years."
success. Within just two years, Maruti's EWS housing Project under Pradhan Mantri Avas Yojana
equity shares were listed on Looking ahead, Maruti Ahmedabad Gujarat amounting to Rs 5500 Lakh approx.
the Bombay Stock Exchange Infrastructure is focusing within a year.
in March 1996. on the development of = Company is also planning to apply for new tender of
Today, Maruti projects under the around 200 crores under EWS housing Project under
Infrastructure Limited is rec- Ahmedabad Municipal Pradhan Mantri Avas Yojana as well as private project which
ognized for its exceptional Corporation and the will be completed in next 3 to 4 years.
services, boasting a skilled Gujarat Housing Board, = Company is now growing with leaps and bounds and cur-
workforce and a robust with plans to expand rently the Company's name has become synonymous with
clientele. The company beyond Gujarat. The com- the quality construction business in Gujarat.
holds prestigious "AA" class pany's commitment to = Presently company is focusing on development of
registrations with both the excellence and growth Ahmedabad Municipal Corporation projects and private
Government of Gujarat's ensures its continued project through out Gujarat as well as planning to go out of
Road and Building leadership in the con- Gujarat also.
Department and the Ahmedabad struction industry. = Our clients value our allegiance to quality, timely deliveries,
Municipal Corporation. Board of directors in the meeting superior customer service and the experience of engaging
In the financial year 2023-2024, held on 22 June has approved follow- in business with a highly qualified and experienced man-
Maruti Infrastructure reported an ing subject to approval of sharehold- agement. By leveraging our strengths and capitalizing on
impressive revenue of Rs 3839.67 ers. developing opportunities, we aspire to consolidate our
lakhs, a significant increase from Rs 1) Bonus issue in the ration of 1:2 position in the infrastructure construction and become one
- 1 Bonus equity share for every two
3518.33 lakhs in the previous year. Net of the top Construction Company in Ahmedabad.
profit also saw a substantial rise, equity shares held by the shareholders, = Company is registered with Government of Gujarat, Road
reaching Rs 168.95 lakhs compared to subject to approval and Building Department as “AA class and also with
Rs 126.71 lakhs in 2022-2023. With a 2) Stock Split of 1 equity share of Ahmedabad Municipal Corporation as “AA” class.
current market capitalization of Rs Rs. 10 each into 5 equity shares of Rs. = Being in the Construction industry since last 30 years, our
2 each Managing Director becomes the president of Builders
Financial Highlights(Rs in Lakhs) Association of India for the 2022-2023.
3)
Particular FY21-22 FY 22-23 FY 23-24 = It was pride not only for Maruti Infrastructure Limited but
Increase author-
Revenue from Operation 2550.69 3518.33 3839.67 also for Gujarat state also because in the history of 81 years
ized share capital
Profit before Tax 84.16 165.42 258.94 of BAI, it was the first time that a member from Gujarat
from Rs. 14 crore
Profit after Tax 51.56 126.71 168.95 State has been elected as President of BAI.
to Rs. 20 crore
08 BLUECHIP INVESTMENTS
SINCE 1992 YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024

Ajooni Biotech ties up with Avalon Bioenergy

for sustainable moringa processing
Ajooni Biotech Ltd., a leader in
livestock health and dairy farming
innovation in India, has partnered
with Avalon Bioenergy, a subsidiary
of the US-based Avalon Energy
Group. This collaboration focuses
on the sustainable processing of
moringa seeds and leaves, leading
to the establishment of processing
plants for oil extraction
and animal feed pro-
duction. Avalon will
handle oil extraction
and marketing, while
Ajooni will utilize the
oil cake to manufacture
animal feed products for domestic
and international distribution.
Avalon Bioenergy is renowned
for its clean energy biorefineries,
producing biodiesel, glycerin, and
sustainable aviation fuel. Their
partnership with Ajooni extends to
the acquisition of arable land for
moringa cultivation across India.
Ajooni is also exploring similar col-
laborations with Avalon in the US,
Africa, and Latin America.
Ajooni recently acquired 5,55,000
square yards of land near Harij vil-
lage in Gujarat for moringa cultiva-
tion, projecting an additional Rs 200
crore in annual revenue
by the financial year
2025-26. The company
integrates moringa into
their cattle feed formu-
lations to enhance the
nutritional value of ani-
mal feed, aiming to improve live-
stock health and productivity while
contributing to global warming
reduction. Ajooni oversees the
entire moringa cultivation process,
ensuring stringent quality control
and cost management.
Moringa is valued for its rich
nutritional profile, medicinal prop-
erties, and therapeutic potential. Its
inclusion in livestock feed enhances
animal health and productivity,
benefiting dairy farmers.
Ajooni Biotech, a Research &
Development focused company,
offers a diverse portfolio of animal
feed products, including Quality
Cattle Feed, Cattle Feed Chips,
Camel Feed, Cotton Oil Cake,
Mustard Oil Cake, and various feed
supplements. Their efforts to uplift
dairy farmers aim at sustainably
increasing milk yield and improving
livestock well-being.
CRISIL Ltd recently upgraded
Ajooni's long-term credit facilities
ratings to "CRISIL BB+/Stable,"
reflecting the company's improved
risk profile, revenue streams, and
operational profitability.
In May 2024, Ajooni's Rs. 43.81
crore rights issue was fully sub-
scribed, leading to the issuance of
8.76 crore fully-paid equity shares at
Rs. 5 per share. The company plans
to establish a new plant with an
investment of Rs. 16.50 crore in
Khanna, Punjab, adjacent to their
existing plant. This new unit will ben-
efit from various government incen-
tives, including interest subvention,
capital subsidy, and GST and stamp
duty reimbursements. Ajooni proj-
ects its turnover to reach Rs. 250-270
crore by FY 2026-27, with an antici-
pated PAT margin of 5%.
In summary, Ajooni Biotech Ltd.
is revolutionizing animal health
care and empowering dairy farmers
through sustainable practices and
strategic partnerships, contributing
to the agricultural and economic
landscape of India.

Spright Agro Ltd's Rs. 44.87 crore Rights opens from June 24
Share in Right issue offered at Rs. 13.4 :
per share as compared to closing price
of Rs. 43.93 per share on 19 June 2024
subscription on June 24,
2024. The funds raised
through the issue will be
utilised to fund company's
expansion plans including
working capital require-
ments and general corpo-
rate purposes. Right issue of
Rs. 44.87 crore Rights the company are offered at a
issue of Ahmedabad based price of Rs. 13.4 per share as
Spright Agro Ltd (BSE - compared to closing share
531205) engaged in the price of Rs. 43.93 per share
business of Agriculture, on 19 June, 2024. Rights
Contact Farming, Issue will close on 12 July,
Greenhouse technology 2024.
among others will open for The Company will issue
Spright Agro Ltd the proposed issue is fixed
Issue Opens Issue Price Issue Closes at 1:15 (1 Rights equity
24 June, 2024 Rs. 13.4 Per Equity Share 12 July, 2024 shares of face value of Rs. 1
each for every 15 fully-paid
Issue 2024 Detail equity share held by the
Issue Open June 24, 2024 - July 12, 2024 equity shareholders on the
Security Name Spright Agro Limited record date - June 7, 2024).
Issue Size (Shares) 33,484,611 Founded in 1994, Spright
Issue Size (Amount) 44.87 Crores Agro Ltd operates agricul-
Issue Price 13.4 per share tural and forestry ventures,
Face Value 1 per share cultivating diverse crops and
Listing At BSE
partnering with over 8,000
Terms of Payment The Issue Price of 13.40/-
per Equity Share shall be farmers across 16 states.
payable at the time of application. Aiming to be a global leader
Entitlement 1 Rights Equity Share(s) for every in food and agriculture, the
15 fully paid-up Equity Shares company is dedicated to
held on Record Date excellence, sustainability,
social responsibility, and
3.34 crore fully paid-up per Equity Share aggregat- expanding into international
Equity Shares of the face ing to Rs. 44.87 crore. The markets through strategic
value of Rs. 1 each at Rs. 13.4 Rights entitlement ratio for partnerships.
Company has reported
exceptional operational and
financial performance over
the years with 3 Year CAGR
of over 500% in Revenue
and 281% in Net Profit. For
FY23-24 ended March 2024,
the company has reported
Revenue of Rs. 72.59 crore,
rise of over 8 fold Y-o-Y, Net
Profit for FY24 was reported
at Rs. 11.62 crore, over 10
fold growth Y-o-Y.
YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024 SINCE 1992 BLUECHIP INVESTMENTS 09

This week– Company Report on Bajaj Consumer Care Ltd.

Bajaj Consumer Care Ltd(Rs The company launched a slew of
263)-Downside expected to (Rs new products and is planning to
230-260) Upside Target(Rs 380- introduce a few more products in
390)- India's consumer market rep- the coming months. Further, the
resents a long-term structural company is focusing on expanding
opportunity, driven by population, its rural reach, which currently
a growing middle class, rapid stands close to 3 lakh outlets,
urbanisation, increasing dispos- in the coming years. Negative For the year ended March 2024, scale-up sales on digital platforms,
able incomes and raising aspira- working capital and strong cash BCC had reported 12% increase in and invest on media spends to
tions. Bajaj Consumer Care generation would help BCC to net profit to Rs 155.43 cr. on net promote brands and new launches.
Ltd(BCC)(Market Cap-3,775 cr.), invest heavily in core brands and sales of Rs 968 cr..(up 2%). On a This should help the company to
part of the Bajaj Group of new launches or go for any inor- equity of 14.27 cr.(Promoter’s achieve consistent double-digit
Companies, is one of India’s well- ganic initiatives in the near future stake- 39.3%, FII/DII stake-30.43%), revenue growth in the medium
established companies in the to improve growth prospects. the EPS on a Re 1 paid up share term. BCC’s revamped focus on
beauty care category. Its flagship BCC has indicated of launching stood at Rs 10.9.. The company has driving growth through new prod-
brand, Bajaj Almond Drops Hair new products for the general trade announced buyback of Rs. 166.5 cr. uct launches, distribution expan-
Oil(ADHO), is a lead- and e-commerce plat- at price of Rs. 290 per share. The sion, and market share gains in the
ing name in the Hair form. For the general company has strong cash of Rs. light hair oil category will drive
Oil market. Other trade, it will be more of 620 cr. on books and 1/3rd of the sustainable earnings growth in the
brands include Bajaj
DARK HORSE extension or new vari- cash will be utilised for buyback. medium term
Brahmi Amla Hair Rajubhai Shah, ants under the existing No promoter participation in the Improving penetration of ADHO
Oil, Bajaj Jasmine Mumbai hair oil brands. For new buyback. An interim dividend of Rs brand, gaining market share in the
Hair Oil, and Bajaj e-commerce, it will be 3 per share was also paid in amla category, adding profitable
Cool Almond Drop. The company the launch of premium products February 2024. Dividend payout products in the portfolio, and dis-
had acquired Nomarks brand to under the hair care category. policy will remain at 40-60% tribution enhancement remain the
expand into the Rs. 9,000 crore Further, the company is planning Going forward, BCCs targeting medium-term growth strategy.
skincare category with its range of to launch a product under the per- double-digit revenue growth in With focus on sustained improve-
skincare products. BCC has an sonal care category. New product FY2025. ADHO to grow by mid-sin- ment in OPM, earnings are expect-
established direct distribution net- launches are gaining strong trac- gle digits, while new products to ed to grow in double digits over
work of over 9 million outlets with tion. The company expects contri- grow in strong double digit in the the next two-three years. The com-
a direct coverage of ~20%. bution of new product launches coming years. OPM will remain at pany’s focus remains on achieving
BCC is the market leader in the and traditional range of products 16-18%. Rural demand recovery OPM above 20% and see consis-
light hair oil category with a mar- to improve to 40% by FY2029 from will help the ADHO segment tent improvement in the same over
ket share of 65%. The company has 17% currently. Š The company has bounce back, while higher media the medium term through higher
reduced its dependence on the renewed its packaging for existing spends would support new sales volume and cost efficiencies.
wholesale network; this along with products which has led to cost launches and key products. The stock is trading at reasonable
increasing share of direct distribu- reduction of Rs. 6 cr.. The company Expansion on the digital platform valuations of 21x its FY25E earn-
tion (with focus on penetrating plans to increase contribution of and widening distribution reach ings(Rs 12- Rs 12.5) and at 19
deep in rural markets) along with international business to 20% by will drive growth in the medium times FY26E earnings(Rs 13.5- Rs
the relaunch of core brands would FY2029 from 5% at present. term. Better monsoon season, gov- 14), which is at a discount to peers.
be key levers for achieving sus- Middle-East and Bangladesh, ernment interventions, and higher As on March 31, 2024, BCCL had
tained volume growth (targets to together contributing 65% of rev- realisation of agri-products cou- net cash and cash equivalent of Rs
achieve volume growth of 6%-8% enues will be key drivers for strong pled with low base might lead to 43 per share (around 16% of mar-
in the medium term). Further, new scale up in the international busi- gradual recovery in rural sales in ket capitalisation), which will sup-
product addition under the hair ness. Large focus will be on consis- the quarters ahead. Urban demand port the valuation. Invest in small
care category and focus on tent growth in the core portfolio continues to remain strong, and lots and accumulate on weakness
improving presence in the south- and new products in the coming momentum is expected to contin- linked to broad markets.
ern market will add-on to growth years ue in the coming quarters. Accumulate

continue from page 06
an improvement of 7.40% in the last week,
the near resistance level kudavi has closed
above it, for the short to medium term, the com-
pany can be monitored .
In the last week, this company of chemicals
has seen a miracle of improvement, closed near
310, in the coming week, now closing above Rs
320, the pace of correction will be seen moving
forward .
Kanoria Chemical Closed Price This stock of
331 Chemical has seen an improvement of 13%
in the last week, the earlier headline of 138
could not be jumped but now in the coming
week, the movement of the correction, which
will be tied at 138, seems to be pulled up to Rs
157.
Munjal Auto closed price of Rs 94 has given
a breakout from the rally last week and has
seen an improvement of 10%, against the ear-
lier headline of Rs 115, it will now see a pass
price of Rs 110 where to make a profit further.
The closed price of rail oil 475 was made at
491 earlier, then the bottom was seen at 301 and
then closed again near the old head, thus for the
long term the friend is bullish, but now if there
is a decrease around 440, consider buying in it
or if you close above 495, then buy for trading
can be done.
In the weekly scenario, there has been an
improvement from 3% to 43%, especially in
43% by Fact India followed by Bandhan Bank,
KPI Tech. IDFC Apollo Tyres, APL Apollo and
Deepak Nitrite from 5% to 7%.
In the chemical sector, 32 per cent Dick
Industries, 10 per cent IGPL, 9 per cent Himadri
Specialty, 8 per cent FCL, 8 per cent Vishnu
Chemical have shown a renewed trend with an
improvement of 8 per cent.
In the pharmaceutical drugs sector, Hester Bio
31 per cent, SMS Pharma 13 per cent, Biofil
Chem 9 per cent, Shilpa Medi 8 per cent,
Alembic Ltd 7 per cent Granules 6 per cent and
Van Berry 4 per cent are showing a boom with
improvements to keep an eye on.
10 BLUECHIP INVESTMENTS
SINCE 1992 YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024

EIH Associated Hotels - STEADY GROWTH ON CARD

EIH Associated Hotels (EAHL), part of the Oberoi consumers, reflection younger demographic, OP grew just 1% to Rs.63.23 crore. With taxation
group of hotels, operates six five-star hotels under higher discretionary income, influence of social standing lower by 4% to Rs.15.1 crore, net profit
the Trident Hotels brand & two media & the appeal of brand narra- advanced 15% to Rs.44.21 crore.<The hospitality
luxury hotels under the Oberoi tives, sustainability & a desire for industry upcycle is expected to be a long & sus-
Hotels & Resort brand. The prin- personalised experiences. This is tained one. The Horwath HTL has predicted that
cipal activity is to provide hotel
CHART BOX also reflected in the reinvigorated demand will grow at a rate of over 10% annually
& resort services extending to Himanshu Thakkar post pandemic demand for hotels, for the next three to four years, while supply will
M: 99041 56655
flight catering, airport restau- him_782002@yahoo.co.in with the luxury segment sustaining continue to lag demand. Most of the future supply
rants, travel & tours, car rentals, the highest growth in the average is expected to come from outside key markets &
project management & corporate air charter. room rate with international tourism picking up. from non-tier 1 cities. The demand growth in the
EAHL has signed land lease agreement with In the quarter ended December 2023, stand- top eight cities & key leisure destinations is pro-
favourable terms with the Andhra Pradesh Tourism alone net sales increased 15% to Rs.126.65 crore. jected to be in the range of 9.2% & 13.3%, respec-
Development Corporation, a wholly owned corpo- The occupancy rate was flat @ 75% in Q3FY2024 tively. The growing preference for domestic travel,
ration of the government of Andhra Pradesh, for but the RevPAR & ARR were up 11% to Rs.10286 & specifically for weddings & celebrations, has
setting up Trident hotel, Visakhapatnam. 12% to Rs. 13731 over a year-ago periods. The become a significant driver for the hospitality sec-
Post-covid, there is a surge in travel demand due OPM expanded 70 bps to 41.3%, leading to a 16% tor in India. Escalating international travel costs
to resurgence of corporate, leisure, medical & spir- rise in OP to Rs.52.27 crore. Eventually net profit have prompted couples to choose celebrity-style
itual travel as well as recovery in Mice (meetings, increased 26% to Rs.37.88 Crore. destination weddings within the country, favour-
incentives, conferences & exhibitions) events & In the nine months ended December 2023, ing luxury hotels & resorts.I expect EAHL to regis-
foods & beverages. standalone sales were up 10% to Rs.252.29 Crore. ter consolidated EPS of Rs.29.7 for FY2025. The
A premiumisation trend is visible among Indian The OPM contracted by 220 bps to 25.1%. Thus, scrip quoted @ 937 on the NSE on 21st June 2024.
NIFTY JUNE FUTURE ON WEEKLY/MONTHLY TARGET: 125-140 13) NBCC: 166.07 SUPPORT: 675-660
(23460.20): BASIS THEN NEXT TARGET 7) POLYMED: 2067.80 SUPPORT: 150-138 TARGET: 745-770
WEEKLY HIGH: 23669.75 WOULD BE 55379 SUPPORT: 2030-1980 TARGET: 200-230 20) SAFARI: 2130.50
WEEKLY LOW: 23415.20 1)INFY: 1532.70 TARGET: 2200-2350 14) DALBHARAT: SUPPORT: 2095-2080
NIFTY IMP LEVEL: 23596 SUPPORT: 1515-1480 8) HDFCBANK: 1665.75 1823.20 TARGET: 2240-2400
(WEEKLY/MONTHLY) TARGET: 1630-1670 SUPPORT: 1638-1620 SUPPORT: 1800-1780 21) VIPIND: 489.95
IF NIFTY WILL GIVE CLOSE 2) HCLTECH: 1447.85 TARGET: 1730-1770 TARGET: 1900-1940 SUPPORT: 470-450
ABOVE THE 23596 ON SUPPORT: 1425-1405 9) BHARTIARTL: 15) LTF: 183.04 TARGET: 530-550
WEEKLY/MONTHLY BASIS TARGET: 1510-1545 1416.05 SUPPORT: 168-150 22) SAREGAMA: 555.85
THEN NEXT TARGET 3) RELIANCE: 2908.40 SUPPORT: 1380-1360 TARGET: 220-240 SUPPORT: 538-520
WOULD BE 25304.50 SUPPORT: 2880-2860 TARGET: 1510-1540 16) NAM-INDIA: 664.45 TARGET: 610-640
BANKNIFTY JUNE TARGET: 2990-3040 10) MAPMYINDIA: 2531.50 SUPPORT: 648-620 23) SYRMA: 501.15
FUTURE: (51600): 4) HAVELLS: 1887.05 SUPPORT: 2480-2460 TARGET: 730-800 SUPPORT: 480-460
WEEKLY HIGH: 51885.55 SUPPORT: 1865-1850 TARGET: 2730-2900 17) JSWSTEEL: 936.90 TARGET: 550-590
WEEKLY LOW: 49990.00 TARGET: 1935-1960 11) ICICIBANK: 1158.65 SUPPORT: 920-895 24) GRANULES: 490.65
BANKNIFTY IMP LEVEL: 5) UNOMINDA: 1081.05 SUPPORT: 1148-1130 TARGET: 1030-1080 SUPPORT: 470-450
51979.50 SUPPORT: 1065-1048 TARGET: 1210-1240 18) ICICIGI: 1756.85 TARGET: 545-570
(WEEKLY/MONTHL) TARGET: 1145-1170 12) IRCON: 276.40 SUPPORT: 1738-1720 25) PVRINOX: 1436.85
IF BANK NIFTY WILL GIVE 6) GMRINFRA: 97.97 SUPPORT: 260-238 TARGET: 1810-1840 SUPPORT: 1400-1380
CLOSE ABOVE 51979.50 SUPPORT: 90-80 TARGET: 310-340 19) KFINTECH: 700.60 TARGET: 1510-1570

In the expiry of the month of June, large fluctuations can be seen on both sides : Nifty has a strong
support of 23200 below 23400. Buy every discount, A pre-budget rally can be seen in the month of July
50777 are seen in the low. COPPER 31 JUL FUTURE: seen above in the coming day.
Commodity Futures Prices of 862 / 874 / 886 / 894 are Prices of 3377 / 3306 / 3254 are
TECHNICAL GOLD 5 AUG FUTURE : Prices seen above in the coming day. The seen in the low.
Mahendra Punjabi
of 72344 / 72575 / 72777 are seen price of 850 / 842 is seen in the low. BAJAJAUTO 27 JUN FUTURE
M : 7575849743 above in the coming day. Prices of STOCK FUTURE : The price of 9712 / 9817 / 9902
Nadiyad 71540 / 71266 / 71000 are seen in POWERGRIDE 27 JUN above will be seen in the coming
the low. FUTURE : Prices of 328 / 331 / 337 day. Prices of 9590 / 9514 / 9422
INDEX FUTURE SILVER 5 JUL FUTURE: Prices may be seen above in the coming can be found in the lower.
NIFTY FUTURE: The price of of 90200 / 91660 / 91850 may be day. Prices of 323 / 318 / 312 are DLF 27 JUN FUTURE : Prices of
23565 / 23615 / 23670 should be seen above in the coming days. found in the lower. 866 / 879 / 891 / 907 are seen
seen above in the coming days. Prices of 89000 / 88340 / 88000 can TRENT 27 JUN FUTURE : above in the coming day. The price
Prices of 23340 / 23265 / 23195 are be found in the lower. Prices of 5302 / 5378 / 5450 will be of 842 / 834 is seen in the low.
seen in the low. CRUDE OIL 19 JUL FUTURE : seen above in the coming day. ULTRACEMCO 27 JUN
BANK NIFTY FUTURE: The The price of 6844 / 6915 / 7005 will Prices of 5204 / 5147 / 5102 are FUTURE : The price of 10770 /
price of 51877 / 52000 / 52300 be seen above in the coming day. seen in the low. 10892 / 11000 / 11240 may be seen
should be seen above in the com- The prices of 6704 / 6612 / 6543 are TITAN 27 JUN FUTURE : The above in the coming day. 11512 /
ing days. Prices of 51265 / 51000 / seen in the low. price of 3422 / 3484 / 3516 may be 11402 prices are seen in the low.
Disclaimer : Equities and Commodities calls provided are for educational purpose only, if any one want to trade than take advice from your finan-
cial advisor before trading on this calls. We are not liable for any of the profit or loss raising from our provided calls for educational purposes.
YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024 SINCE 1992 BLUECHIP INVESTMENTS 11

India's Railway, Fertilizers and solar power boom

TECHNICAL
ANALYSIS
Jaydeep Joshi
M : 09898863553
The government is also
making efforts to promote
green energy through various
initiatives. There is no doubt
that renewable energy is one
of the fastest growing sectors
in India and its impact is also
being seen in the stocks of
companies in the renewable
energy sector.
Weekly Updates:
Earlier, the government main-
ly focused on infrastructure,
but this time, it is expected to
focus on boosting consump-
tion, directly benefiting FMCG
companies. The consumption
sector contributes signifi-
cantly to the Indian economy,
and companies manufactur-
ing everyday products, such
as those in the FMCG (fast
moving consumer goods)
sector, are a crucial part of it.
RBI has been awarded the
Risk Manager of the Year
Award 2024 by Central
Banking, London, UK. FDI for-
eign investment in India to
fall by 43% in 2023. Globally
it fell by 2%: UN. For its IPO,
Ola Electric raised Rs. 5,500
crore was approved by SEBI.
Emcure Pharma received
approval from SEBI for its IPO
to raise Rs 800. Air India will
introduce premium economy
class on some domestic
routes from July 1. The two
planes will now have 3 class-
es (business, premium econo-
my and economy). Retail
sales in India rose 3% year-
on-year in May (versus 4% in
April): Retailers Association of
India. Hyundai India has
spent around Rs. 25,000 crore
has applied for an IPO in
SEBI. NSE has launched a new
thematic index to track the
tourism sector: Nifty India
Tourism Index. Currently, 17
stocks are included in the
index. The Indian airport
industry is poised to increase
profitability this year.
According to figures, Indian
airports are expected to post
a pre-tax profit of around
$1.24 billion in the current
financial year, aided by tax
cuts. According to the
International Air Transport
Association by 2030, India is
poised to become the world's
third largest air passenger
market, surpassing China and
the United States in terms of
passenger numbers.
Stocks:-
Vedanta: Will raise inter-
est up to Rs 1,000 crore
- through non-convertible
debentures via convertible
issues.
Axis Bank: The Company
and its subsidiaries increased
their stake in Max Life
Insurance to 19.99% (from
19.02%) to Rs. 336 crore will
do.
SBI: Board through public
or private issue of long-term
bonds of Rs. 20,000 crore has
been allowed to be raised.
PNB Housing: Will raise
interest of Rs 10,000 through
non-convertible debentures
via conversion issues.
Tata Motors: Jaguar Land
Rover (owned by Tata Motors)
till FY2028 Rs. 1.9 lakh crore
will be invested - mostly for
product development. Tata
Motors will increase the
prices of its commercial vehi-
cles by up to 2% from July 1.
Kotak Mahindra Life: in
next month plans to open 40
branches across India. Coal
India: 23 closed underground
blocks auctioned to private
miners.
HAL: Will consider the
payment of final dividend in
its board meeting on June 26.
Alembic Pharma:
Received US FDA approval for
its drug to treat inherited
inflammatory diseases.
Hindustan Aeronautics:
Received order request for
156 light combat helicopters
from Ministry of Defence.
Zomato: Confirmed that it
is in talks with Paytm for
securing its movie and events
business. Lupin: Abdelaziz
Toumi is now the CEO of
Lupine Manufacturing
Solutions.
HUDCO: Raised $200
Million From Overshares
Lenders To Improve Urban
Infrastructure.
RVNL: Got interest in 160
orders from East Coast
Railways to develop automat-
ic block signaling systems.
Wipro: Hans partnered
with Hanesbrands, a US
clothing brand, and Gabast, a
financial services company, to
improve and expand their
digital infrastructure.
NBCC: Got a 70-year order
from the Grid Controller of
India for interior work in its
new corporate office in New
Delhi.
Infosys: Launched AI-
powered marketing software
Aster to increase the effec-
tiveness of marketing and
sales operations.
Reliance: Swiggy has
partnered with the toy brand
Humleyus (owned by
Reliance Retail) to deliver its
toys through its quick-com-
merce service Swiggy
Instagram.
Nifty above 23485 may
come with highs of 23639,
23831 and 24025. If stays
below 23420 then 23294,
23104 and 22963 can come.
Bank Nifty above 50064
may come with highs of
50456, 50881 and 51302. If
stays below 50008 then 49506,
48951 and 48400 can come.
Hindustan Petroleum
Corporation Limited
above 342 may come with
highs of 356, 370 and 385. If
stays below 338 then 324,
311 and 297 can come.
State Bank of India
above 841 may come with
highs of 855, 870 and 885. If
stays below 834 then 820,
805 and 791 can come.
The Indian Hotels
Company Limited above
638 may come with highs of
650, 663 and 676. If stays
below 631 then they 619, 607
and 594 can come.
LIC Housing Finance
Limited above 736 may
come with highs of 749, 763
and 777. If stays below 729
then 716, 702 and 689 can
come.
Container Corporation
of India Limited above
1097 may come with highs of
1130, 1164 and 1199. If stays
below 1089 then 1057, 1024
and 993 can come.
Muthoot Finance
Limited above 1733 may
come with highs of 1774,
1817 and 1860. If stays below
1722 then 1682, 1640 and
1600 can come.
Godrej Consumer
Products Limited above
1360 may come with highs of
1387, 1415 and 1444. If stays
below 1350 then 1324, 1296
and 1269 can come.
Bata India Limited
above 1463 may come with
highs of 1501, 1540 and 1580.
If stays below 1453 then 1415,
1378 and 1342 can come.
Astral Limited above
2280 may come with highs of
2327, 2376 and 2424. If stays
below 2268 then 2222, 2178
and 2127 can come.
Godrej Properties
Limited above 3011 may
come with highs of 3065,
3122 and 3176. If stays below
2997 then 2944, 2889 and
2835 can come.
scorts Kubota Limited
above 4306 may come with
highs of 4370, 4439 and 4506.
If stays below 4290 then 4227,
4160 and 4096 can come.
Multi Commodity
Exchange of India Limited
above 3813 may come with
highs of 3873, 3937 and 3998.
If stays below 3798 then
3738, 3675 and 3615 can
come.
Atul Limited above 6201
may come with highs of 6277,
6360 and 6438. If stays below
6181 then 6106, 6025 and
5948 can come.
For long term investment
view Premier Explosives
Limited (891), Essar
Shipping Limited (53),
Ganesh Banzoplast Limited
(150), Supreme Industries
Limited (5864) and JM
Financial Limited (83).
12 BLUECHIP INVESTMENTS
SINCE 1992 YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024

JO JEETA
WAHI SIKANDAR
Bhavesh Maheta
M : 9265152061
E-mail : bhaveshmehta 99999@gmail.com
NIFTY FUT BUY ABOVE 23441 SL
23341 TG 23512*22644-23756-
22851-22961-24200*
NIFTY FUT 23341 BELOW SELL
23441 SL TG 22241-22155-22022-
22961-22841-22761-22641-
22504-22400
BANK NIFTY FUT 51200 ABOVE
BUY 50900
SL TG 51400-51700-52052-52400-
52700
BANK NIFTY FUT 50900 BELOW
SELL 51200 SL TG 50700-50500-
50200-49909-49600- 49300-
48900
ZERO TO HERO
JUN EXPIRY
ASIANPAINt 2920 ABOVE 2940
CE BUY SL 2900
MNMFIN 304 ABOVE BUY 310 CE
MASTER KEY POINT NIFTY 23400 | BANKNIFTY
50700 | FIN NIFTY 22600 SENSEX 77000
SL 297
MUTHOOTHFIN 1724 ABOVE
1740 CE BUY SL 1700
RELIANCE 2900 ABOVE BUY 2920
CE SL 2880 BELOW EXIT
ABFRL 332 ABOVE 340 CE BUY
SL 326
GRENUALLS 494 ABOVE BUY 500
CE SL 483!
BIOCON 346 ABOVE BUY 350 CE
SL 336
TATAPOWER 442 ABOVE 450 CE
BUY SL 436
POWERGRIED 330 ABOVE 340
CE BUY 320 BELOW EXIT
BAJAJ FINANCE 7240 FUT
ABOVE 7300 CE BUY 7180 BELOW
EXIT
BAJAJ FINSERV 1585 FUT
ABOVE 1600 CE BUY 1576 BELOW
EXIR
COAL. INDIA 490 ABOVE FUT
TRADE THEN 500 CE BUY SL 484
KOTAK BANK 1772 ABOVE 1780
CE BUY SL 1760 BELOW EXIT
IGL 476 ABOVE 480 CE BUY 470
BELOW EXIT
Rec 512 ABOVE 500 PE BUY 520
ABOVE EXIT CE
PFC 480 BELOW 480 PE BUY SL
490 THEN PE EXIT
HINDALCO 692 ABOVE FUT
THEN 700 CE BUY 683 BELOW
EXIT
JINDALSTEEL 1064 ABOVE FUT
THEN 1080 CE BUY SL 1050
BELOW EXIT
TATASTEEL 181 FUT THEN 185
CE BUY SL 176 BELOW EXIT
HDFCBANK 1644ABOVE FUT
THEN 1660 CE BUY SL 1630
BELOW EXIT
SBIN 832 ABOVE FUT THEN 840
CE BUY SL 824 BELOW EXIT CE
ICICIBANK 1176 FUT THEN 1180
CE BUY SL 1166 BELOW EXIT
CUB 164 ABOVE FUT THEN 165
CE BUY SL 162 BELOW EXIT
ADANIENT 3326 FUT ABOVE
3500 CE BUY 3288 BELOW EXIT
ADANIPORT 1500 ABOVE MAY
FUT 1520 CE BUY 1480 BELOW
EXIT
BEL 310 ABOVE 320 CE BUY 300
BELOW SL EXIT
BHEL 290 ABOVE 300 CE BUY 280
SL
NMDC 264 ABOVE 270 CE BUY
259 SL
ONGC 176 ABOVE 180 CE BUY
172 BELOW EXIT
MNM 2864 BELOW 2800 PE BUY
2900 ABOVE EXIT
MARUTI 12020 BELOW 12000 PE
BUY SL 12200 ABOVE EXIT
GNGC 736 ABOVE 750 CE BUY SL
720 BELOW EXIT
SYNGEEN 708 ABOVE 720 CE
BUY SL 700 BELOW EXIT

High Risk High Gain Buy
Rupa & Company at Rs.263.00
Target 290 - 315 - 340 - 365 - 390
Incorporated in 1985, Rupa & Company
Limited is a name synonym in the hosiery
industry. The Company is primarily engaged in
the manufacturing, marketing, sales and distri-
bution of innerwear, thermal wear and casual
wear for men, women and kids segment and
serves all sections of the society with its econ-
omy, mid-premium, premium and super-pre-
mium ranges. The Company is present across
the entire value chain in the knitted garment
space offering a gamut of products. The
Company has over 18 sub-brands and 9,000
SKUs (Stock Keeping Unit) which includes
brands like Frontline, Jon, Macroman, Euro,
Bumchums, Torrido, Thermocot, Kidline,
Footline and Softline. The Company also has
premium brand like Macroman M-Series,
Macrowoman W-Series, FCUK and Fruit of the
Loom which includes products like innerwear,
lingerie, active wear and leisurewear.
The Company has a large distribution net-
work consisting of 4 central warehouses, 28
EBOs (Exclusive Brand Outlets), more than
1,500 dealers and access to 1,50,000 retailers.
The Company is enhancing its availability
through presence in e-commerce, MBOs
(Multi-Brand Outlets) and LFRs (Large Format
Retail Stores).
As per sound financials and fine fundamen-
tals, the Company is available at a good price
of Rs.263.00 with its 52 week low of Rs.226.55
and 52 week high of Rs.308.20
Since the Promoters are holding majority
stake around 73.28% as well as its robust valu-
ations, it is fair to assume that the
Management is committed to growth of the
Company.
The Shareholding Pattern as on March’24,
shows the FIIs and the Other DIIs collectively
stood with 5.14% stake.
Short Term Buy
L G Balakrishnan at Rs.1251
Target 1325 - 1400 - 1475 - 1500
LG Balakrishnan and Brothers Ltd. is a lead-
ing player in transmission products with its
Automotive Timing and Drive Chains,
Sprockets, Auto Tensioners, Guides, Fine
Blanked Components, Precision Machined
Parts, Belts & Rubber Products.
The Company’s core functions are R&D,
Machine Building, Tool room, Heat treatment
and other service divisions operate under the
strict supervision of the Corporate office as
LGB believes that, a high degree of responsive-
ness can meet the shifting needs of the mar-
ketplace.
On quarterly basis, the Company delivered
robust performance in Q4 of FY’24, with Net
Sales increased by 16.04% i.e. Rs.606.96 crs in
Mar’24 versus Rs.523.02 crs in Mar’23.
However, the Net Profits grew up by 24.74%
i.e. Rs.67.86 crs in Mar’24 as compared to
Rs.54.40 crs in Mar’23.
As per sound financials and healthy funda-
mentals, the Company is available at a good
price of Rs.1251.00 with its 52 week low at
Rs.848.00 and its 52 week high at Rs.1425.00.
The Shareholding Pattern as on Mar’24,
shows the Promoters held 33.74% stake, the
FIIs and the Other DIIs collectively stood with
8.39% stake. Whilst, the Mutual Fund Houses
own 13.22% holdings in the Company.
IIFL Finance at Rs.478
Target 505 - 530 - 555 - 580
IIFL Finance Ltd. is one of the leading players
in the financial services space in India.
Together with its subsidiaries – IIFL Home
Finance Limited, IIFL Samasta Finance Limited
(Formerly known as Samasta Microfinance
Limited) and IIFL Open Fintech Private Limited,
it provides a diverse range of loans and mort-
gages. These include home loans, gold loans,
business loans including loans against proper-
ty and medium & small enterprise financing,
micro finance, developer & construction
finance and capital market finance; catering to
both retail and corporate clients.
The Company has a nationwide presence
with a thriving network of 2600+ branches
across 500+ cities.
On quarterly basis, the Company delivered
good performance in Q4 of FY’24 with Net
Sales up by 30.84% i.e. Rs.2853.57 crs in
Mar’24 versus Rs.2180.91 crs in Mar’23.
However, the Net Profits were Rs.373.41 crs in
Mar’24 as compared to Rs.412.74 crs in Mar’23.
In addition to this, the Statement of Changes
in Equity witnessed an increase in the Equity
Capital i.e. Rs.76.31 crs in Mar’24 juxtapose to
Rs.76.09 crs in Mar’23.
As per fine financials and sound fundamen-
tals, the Company is available at a good price
of Rs.478.00 with its 52 week low at Rs.313.25
and its 52 week high at Rs.703.40.
The Shareholding Pattern as on Mar’24,
shows the Promoters held 24.78% stake, the
FIIs and the Other DIIs collectively stood with
30.85% stake. Whilst, the Mutual Fund Houses
own 6.35% holdings in the Company.
continue on next page
YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024 SINCE 1992
Gujarat plans 96,000 crore investment over 8 years for transmission infrastructure push
22 companies with considerable operations in Gujarat that may
benefit from this massive investment
Apar Industries Ltd: A leading Indian market player with global
reach specializes in power transmission cables. It operates in three key
segments: Conductors, Transformer and Specialty Oils, and
Power/Telecom Cables, with manufacturing units based in Gujarat.
M Cap: 33,645 Cr | P/E: 40.8 CMP: ? 8,376
Indian Renewable Energy Development Agency Ltd: Company
is dedicated to promoting, developing, and commercializing new and
renewable energy sources, while also offering financial support for
energy efficiency and conservation projects.
M Cap: 48,141 Cr. | P/E: 38.4 | CMP: 179
Waaree Renewables Technologies Ltd: One of the largest verti-
cally integrated new energy companies. It has India's largest Solar panel
manufacturing capacity of 12GW at its plants in Chikhli, Surat and
Umbergaon in Gujarat.
M Cap: 22,063 Cr. P/E: 149 | CMP: ? 2,118
SJVN Ltd: Company has successfully launched the Raghanesda Solar
Project, a 100 MW initiative in Gujarat capable of generating 252 mil-
lion units of energy annually, with its output supplied to Gujarat Urja
Vikas Nigam Limited.
M Cap: 53,064 Cr. | P/E: 62.4 CMP: 135
Torrent Power Ltd: A prominent integrated power utility in India,
operating in power generation, transmission, and distribution across
Gujarat, Maharashtra, Uttar Pradesh, and Karnataka.
M Cap: 76,855 Cr. | P/E: 41.9 CMP: 1,599
Kalpataru Projects International Ltd: A global EPC player with
diversified interest in power transmission and distribution, oil and gas
pipeline, railways and biomass based power generation.
M Cap: 19,822 Cr. P/E: 38.9 CMP: 1,220
Adani Green Energy Ltd: Co is advancing toward its 2030 targets
with land and transmission assets in Rajasthan and Gujarat, alongside a
pipeline for pumped storage projects across four states. It aims to dou-
ble its greenfield capacity to 6,000 MW this fiscal year, leading India's
energy transition.
M Cap: 2,86,124 Cr. P/E: 227 CMP: 1,806
Gujarat Industries Power Co Ltd: Company operates in electrical
power generation with a current installed capacity of 1184.40 MW, fea-
turing a diverse portfolio of thermal (gas and lignite), wind, and solar
power assets in Gujarat.
M Cap: 3,543 Cr. P/E: 17.8 CMP: 234
Suzlon Energy Ltd: Suzlon Gujarat Wind Park Limited, a subsidiary
of Suzlon Energy Ltd, focuses on the development, construction, and
operation of wind power projects in Gujarat, India.
M Cap: 66,767 Cr. P/E: 93.5 CMP: 49.5
Adani Power Ltd: It is India’s largest private thermal power produc-
er, operating at a current capacity of 15,210 MW across 8 power plants.
The Adani Group has initiated power generation from the world’s
largest Renewable Energy park in Khavda, Gujarat.
M Cap: 2,88,017 Cr. P/E: 13.8 CMP: 747
Solex Energy Ltd: Company manufactures solar panels and other
renewable energy devices, specializing in EPC-based system installa-
tions, with its sole manufacturing facility located in Anand, Gujarat.
CHINTAN A SHAH (NR TRADER)
MAIL :- nrtrader09@gmail.com
INDEX RANGE FOR SUPPORT :-
50880,50590,50320,50077,49680
NEXT WEEK RESISTANCE :-
NIFTY 51960,52490,52824,53062,53366
SUPPORT :- 23350 , 23232 , 23039 *SWING STOCKS TO
, 22920 WATCHOUT FOR NEXT WEEK *
RESISTANCE CESC BUY ABOVE 154 SL 145 TGT
23670,23792,23868,23923 163, 171, 180, 192
BANKNIFTY CENTRUM CAPITAL BUY
BLUECHIP INVESTMENTS 13
M Cap: 1,154 Cr. P/E: 132 CMP: 1,442
KPI Green Energy Ltd: Company offers solar power solutions as an
IPP and provides EPC services to Captive Power producers (CPP) from
Bharuch, Kutch (Bhuj), Surendranagar, and Bhavnagar districts in
Gujarat.
M Cap: 11,061 Cr. P/E: 68.3 CMP: 1,835
Advait Infratech Ltd: Engaged in the business of providing prod-
ucts and solutions for power transmission, power substation, and
telecommunication infrastructure fields.
M Cap: 1,937 Cr. P/E: 88.5 CMP: 1,899
Schneider Electric Infrastructure Ltd: Engaged in the business of
manufacturing, designing, building and servicing technologically
advanced products and systems for the electricity network.
M Cap: 19,369 Cr. P/E: 111 CMP: 810
K.P. Energy Ltd: Company owns and operates as an Independent
Power Producer (IPP), owning and operating WTGs (Wind Turbine
Generators) and solar power plants, primarily undertaking projects in
Gujarat.
M Cap: 2,832 Cr. P/E: 48.6 CMP: 425
NHPC Ltd: Company operates 7,097 MW of installed capacity (6,971
MW from hydro and 126 MW from renewable energy) across 25 power
stations in 13 states. It recently completed commissioning a 380 MW
Solar Power Project at Neemba, Fatehgarh, Rajasthan on February 7,
2024.
M Cap: 1,03,052 Cr. P/E: 28.4 CMP: 103
Power Mech Projects Ltd: An engineering and construction com-
pany providing integrated service in erection, testing and commission-
ing (ETC) of boilers, turbines and generators and balance of plant (BOP),
civil works and operation and maintenance (O&M).
M Cap: 7,984 Cr. P/E: 32.2 CMP: 5,050
Power Finance Corporation Ltd: It is a Systemically Important Non-
Deposit taking NBFC registered with the RBI as an Infrastructure Finance
Company, providing financial support to the Indian power sector.
M Cap: 1,68,322 Cr. P/E: 8.52 CMP: 510
Zodiac Energy Ltd: ZEL, based in Ahmedabad, is an Energy Solution
Provider utilizing solar energy to offer end-to-end solutions, including
EPC and O&M services, across residential rooftops, commercial &
industrial rooftops, and ground-mounted captive projects.
M Cap: 909 Cr. P/E: 82.9 CMP: 621
Gensol Engineering Ltd: Company specializes in Solar consulting
and EPC services, securing a ?1,340 crore BESS project from Gujarat Urja
Vikas Nigam.
M Cap: 3,994 Cr. P/E: 74.6 CMP: 1,055
Transformers & Rectifiers India Ltd:
Company manufactures Power, Furnace, and Rectifier Transformers
with a total installed capacity of 37,200 MVA across its facilities in
Odhav, Changodar, and Moraiya, Gujarat.
M Cap: 11,339 Cr. P/E: 256 CMP: 795
Voltamp Transformers Ltd: Company is engaged in the manufac-
turing of electrical transformers, and its production facilities are locat-
ed at Makarpura and Savli in Vadodara, Gujarat, with an aggregate
installed capacity of 14,000 MVA
M Cap: 11,256 Cr. P/E: 36.6 CMP: 11,126
MO :- 9978889034
TELE:- https://t.me/NRTRADER_99
@40.40 SL 590 TGT 650, 680, 720
FSL @205
SL 37 TGT 44, 46, 50, 54
ZEEL BUY @ 155 SL 196 TGT 220 , 228 ,244
SL 149 TGT 16, 170, 180, 200 PETRONET @320
IGL BUY @470-475 SL 310 TGT 330 , 345 , 360
SL 450 TGT 500, 530 STLTECH @139 SL 124
TATASTEEL BUY ABOVE 181 TGT 150 , 158 , 170
SL 175 TGT 191, 197, 204, 209 PPL PHARMA BUY ABOVE 160
GREENLAM BUY @615-620 SL 151 TGT 170, 180, 190
14 BLUECHIP INVESTMENTS
SINCE 1992 YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024

Kamlesh Bavrva
M : 9913137271 Future Stocks for this week

JUBLFOOD GRANULES HAVELLS

Conditions are: 1. BUY JUNE FUTURE ONLY Conditions are: 4. BUY JUNE FUTURE ONLY Conditions are: 1. BUY JUNE FUTURE ONLY
ABOVE 551 2. KEEP SL 540 CLBS STRICKLY ABOVE 499 5. KEEP SL 495 CLBS STRICKLY ABOVE 1924 2. KEEP SL 1900 CLBS STRICKLY
AFTER BUY 3. TGT 560-580 AFTER BUY 6. TGT 510-520 AFTER BUY 3. TGT 1940-1970

PETRONET INFY CHOLAFIN

Conditions are: 1. BUY JUNE FUTURE ONLY Conditions are: 1. BUY JUNE FUTURE ONLY Conditions are: 1. SELL JUNE FUTURE ONLY
ABOVE 323 2. KEEP SL 320 CLBS STRICKLY ABOVE 1530 2. KEEP SL 1520 CLBS STRICKLY BELOW 1398 2. KEEP SL 1410 CLBS STRICKLY
AFTER BUY 3. TGT 330-340 AFTER BUY 3. TGT 1550-1580 AFTER SHORT 3. TGT 1390-1380
IDEA FORGE TECHNOLOGY - DRONE MFG COMPANY CMP - 775 Rs.
IdeaForge is a product focused UAV systems company, developing drone
solutions for a variety of applications. ideaForge drones are generations
ahead of other OEMs in terms of safety, reliability, autonomy & perform-
ance. IdeaForge Technology is a company that manufactures autonomous
man-portable Unmanned Aerial Vehicles (UAVs)123. It is a vertically inte-
grated company equipped with in-house R&D, design, manufacturing, soft-
ware, services and training operations2. The company serves the industrial
and commercial sectors1. Ideaforge Technology Ltd is the pioneer and the
pre-eminent market leader in the Indian Unmanned Aircraft Systems (UAS)
market3. The company was founded in 2007 and is headquartered in
Mumbai, Maharashtra, India4.
Product Application
IdeaForge UAVs help construction and real estate boost their operations.
They also assist defense forces in conducting Intelligence, Surveillance, and
Reconnaissance (ISR) operations along borders.
Manufacturing Facility : Co. manufactures all products in-house from
their manufacturing facility at Navi Mumbai, Maharashtra. The manufactur-
ing facility spans 21,000 sq. ft. of licensed premises and has three floors,
which include a store area, testing areas, and production lines.
Market Leader : The company is a market leader in the Indian
Unmanned Aircraft Systems market with a market share of ~50% in FY22
and ranked #1 in India. It has the largest operational deployment of indige-
nous UAVs across India, with an ideaForge-manufactured drone taking off
every five minutes for surveillance and mapping on average.
Rankings : The company has been ranked 5th globally in the dual-use New Product Development
category (civil and defense) drone manufacturers as per the report pub- - Development started for the middle mile logistics platform
lished by Drone Industry Insights in December 2024. - Innovative 4G/5G solution for drone communication
Co. has significantly expanded its Product Development team across all - Prototyping of Tactical UAV platform in advance stages
levels to support current and future product roadmap, with 72% increase in Technical Analysis Data : Trend Line Break out with Heavy Volume
team size. As per technical point of view, it looks ideaforge price shall reach 950
Revenue Bifurcation : Civil - 9% | Defense - 92% 1050 Rs within 6 Months with risk 640 Rs closing basis.

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Disclaimer - I'm Not Sebi Registered Investment / Financial Advisor, Presenting Stocks View Here Only For Educational And Paper Trading Purposes.
No Buy And Sell Recommendation Is Given Here. Consult Your Financial Advisor Before Taking Trade. I'm Not Responsible For Your Any Profit/Loss If
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YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024
INDEX LOOKS AT RESISTANCE ZONE, VALUATION
DISCOMFORT IN MIDCAP & SMALLCAP STOCKS
ANALYSIS
Paresh Shah
Jay Shah,
MO: 9769896969
Telegram : @SharesNservices
Twitter : @imthejayshah
SharesNservices ~ SEBI
Regd Research Analysts
Index View: INDEX LOOKS AT
RESISTANCE ZONE
#NIFTY MAJOR RESISTANCE AT
23650 - 23850 AND SUPPORT AT
23450 - 23300 - 23100 - 22800
#BANKNIFTY RESISTANCE ZONE
AT 51800 - 52200 AND SUPPORT AT
50700 - 50100 - 49500
IN ANY MARKET CONDITIONS,
THERE ARE ALWAYS GOOD STOCKS
AVAILABLE AT RIGHT VALUATIONS.
THIS WEEK, WE HAVE IDENTIFIED
SIMILAR BLUECHIP STOCK FOR
YOUR INVESTMENT & EDUCATION-
AL STUDY.
STOCK NAME :
National Buildings Construction
Corporation Ltd (SYMBOL : NBCC)
CMP : 160 | BUY & ACCUMULATE
IN SIP MODE & HOLD PATIENTLY
FOR EXPECTED 40% - 60%
RETURNS AS PER MARKET TREND.
TECHNICAL VIEW :
" MULTIPLE YEAR BREAKOUT
ABOVE 140 & AFTER RETRACE-
MENT READY FOR FRESH MOVE
" AFTER ROUNDING BOTTOM, IT
IS MAKING CUP & HANDLE PAT-
TERN ON LONGER TIMEFRAME.
" FRESH BIG MOVE, ONCE CLOS-
ES ABOVE 175-178
TECHNICAL LEVELS :
SUPPORTS : 110 - 118 -142 - 154
SHORT-TERM TARGETS : 174 -
182 - 190, LONG-TERM TARGETS :
190 - 208 - 242 - 260
Founded in 1960 as a Govt. of
India Civil Engineering Enterprise,
NBCC with its Headquarter in Delhi,
today, holds the status of Navratna
CPSE, and has emerged as the
undisputed leader in the
Construction Sector on the back of
its capabilities, innovative approach,
adherence to highest standard of
quality, timely delivery and a dedi-
cated workforce.
NBCC's areas of operation
encompass three (03) Primary
Disclaimer/ Disclosures : Paresh Shah ~ SEBI Regd Research Analysts SEBI No.: INH000004592 Please note, Analysis may be done by our team members under our banner
@SharesNservices Views are personal & for Educational Purpose only. All Informations are taken from public platforms, research websites & company official fillings. Please consult your
financial advisor before taking any Trades or Investment decisions. We are not responsible for any of your Profits or Losses. We or Our Clients might have positions in recommended stock
within our capacity. Please take Position at your own Discretion after all due diligence. Investment in Stock Market is subject to Market Risk & No Guarantee has been provided.
SINCE 1992
Segments namely:
Project Management
Consultancy (PMC) : Executing
landmark projects in diversified sec-
tors as also Redevelopment Projects
for Government.
Engineering Procurement &
Construction (EPC): Working in a
niche market and constructing
Chimneys, Cooling Towers for
Power Sector.
Real Estate Development:
Developing Residential and
Commercial inventories for
Governments and the Public at
large.
ORDER BOOK & WORKS
OUTLOOK :
NBCC, at present has a strong
Order book of more than Rs. 50,000
Crore and it has been developing
mega projects in various sectors
across India and overseas such as
Healthcare, Education, Industrial,
environment and many more.
Today, the Company has a proven
track record of implementing
BLUECHIP
mega-value projects for its
esteemed clients which include
Ministries - both Central and States,
PSUs, Government Departments,
Autonomous Bodies, Education
Institutes, Healthcare Giants etc.
Currently, NBCC is executing below
mentioned illustrious project.
RECENT ORDER NEWS :
" MAJOR BENEFICIARY OF PM
AWAAS YOJANA, WHICH CAN
TRIGGER FRESH ORDER INFLOW.
" NBCC has received ?700-crore
worth order from Kochi Metro Rail
Ltd (KMRL) for the development of
17.4 acres (five contiguous land
parcels) in Kakkanad, Ernakulam
district, Kochi, and Coine 'Bliss City'.
" Construction of Boys College at
Hindu College, University of Delhi,
" Construction of Office cum
training Institute for Institute of
Company Secretaries of India (ICSI)
at Khaitabad, Hyderabad Telangana.
" Construction of Oil India
Limited's Centralized Core
Repository with Advance
INVESTMENTS 15
Laboratory Facilities at Guwahati,
Assam .
" Normally, in infrastructure and
construction company, major part
of Profit comes in account after the
Project completed and the all
receivables are received in books of
account. Here also, same we expect
in Long Term.
Q4 Results Highlights :
Total Income. ?4,024.50 Cr.
(44.25%)
Operating Profit. ?146.21 Cr.
(49.40%)
Profit After Tax. ?136.08 Cr.
(25.53%)
Operating Margin. 3.63% (3.57%)
All_time high revenues. NBCC
registered historical total revenue
from an operation INR.10,433 crores
in the financial year '23-'24 with an
increment of 18% on consolidated
level year-on-year basis.
Significant increase in profitabili-
ty. NBCC has also achieved signifi-
cant jump in profitability and regis-
tered one of the highest PBT that is
INR559 crores surges 50% on con-
solidated level year-on-year.
Record new business secured.
NBCC has secured record new busi-
ness around INR23,500 crores
secured during the year '23-'24,
which was more than 250%
OUR VIEW :
NBCC LIKELY TO BE MAJOR BENE-
FICIARY OF GOVT FOCUSED RURAL
DEVELOPMENT & INFRA PUSH.
ORDER BOOK LIKELY TO GROW
20% CAGR & WITH THE GREAT EXE-
CUTION CAPABILITY, STOCK IS LIKE-
LY TO PERFORM WELL.
MAJOR BREAKOUT, ONCE CLOSE
ABOVE 178 FOR BIG UPSIDE TAR-
GETS OF 30-60-90%.
16 BLUECHIP INVESTMENTS
SINCE 1992 YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024

ONE STOCK PER PSUS MADE MORE THAN 5 LAKH CR IN PROFITS IN FY24 ORDER BOOK
SECTOR OR THEME SBIN 67,085 CR CENTRAL BK 2,668 CR HINDUSTAN AERONAUTICS
SECTOR COMPNY ONGC 49,221 CR IOB 2,666 CR MARKET CAP: 3,38,915 CR
ABRASIVES GRINDWELL NORTON CMP : 5,068
IOC 41,730 CR HUDCO 2,117 CR P/E RATIO : 44.6
ADHESIVES PIDILITE LICI 40,916 CR NATIONAL UM 1,988 CR TOTAL ORDER BOOK : 94,000 CR
ALCOHOL SULA VINEYARDS COAL INDIA 37,402 CR •MAZ DOCK 1,937 CR BHARAT ELECTRONICS
ARTIFICIAL INTELLIGENCE PERSISTENT SYSTEMS BPCL 26,859 CR NLC INDIA 1,854 CR MARKET CAP : 2,16,917 CR
AUTOMOBILE & ANCILLARIES PRICOL NTPC 20,812 CR RVNL 1,574 CR CMP : 297
BANK BARODA 18,767 CR CONCOR 1,261 CR P/E RATIO : 54.4
AVIATION DREAMFOLKS SERVICES TOTAL ORDER BOOK :75,934 CR
BANKING IDFC FIRST BANK HIND PETRO 16,015 CR IREDA 1,252 CR MAZAGON DOCK SHIP BUILDER
BIO FUEL PRAJ INDUSTRIES PFC 15,889 CR IRCTC 1,111 CR MARKET CAP : 67,721 CR
BEVERAGES VARUN BEVERAGES POWER GRID 15,573 CR NIACL 1,048 CR CMP : 3,358
CANBK 15,279 CR IRCON 930 CR P/E RATIO : 34.9
CABLES KEI INDUSTRIES
REC LTD 14,145 CR SJVN 911 CR TOTAL ORDER BOOK : 38,561 CR
CAPITAL GOODS ABB INDIA LTD GARDEN REACH SHIPBUILDERS & ENG.
UNION BANK 13,797 CR COCHIN SHIP 783 CR
CEMENT AMBUJA MARKET CAP : 17,096 CR
GAIL 9,899 CR SCI 679 CR CMP : 1,492
CERAMICS KAJARIA
PNB 9,107 CR PSB 595 CR P/E RATIO : 47.8
CHEMICALS SRF LTD
INDIANB 8,419 CR RITES 455 CR TOTAL ORDER BOOK : 22,652CR
CONSTRUCTION MATERIAL APL APOLLO COCHIN SHIPYARD
HAL 7,621 CR ENGINER SIN 445 CR
DATA CENTERS NETWEB TECH GICRE 6,907 CR NBCC 402 CR MARKET CAP : 52,212 CR
DEFENCE SOLAR INDUSTRIES CMP : 1,985
BANK INDIA 6,564 CR GRSE 357 CR
DEPOSITORS CDSL P/E RATIO : 64.2
IRFC 6,337 CR BDL 352 CR TOTAL ORDER BOOK : 22,000 CR
DIAMOND & JEWELLERY TITAN OIL 6,335 CR HIND COPPER 295 CR BHARAT DYNAMICS
DRONES ZEN TECHNOLOGY NMDC 5,575 CR MOIL 293 CR MARKET CAP: 54,086 CR
ECOMMERCE ZOMATO MAHA BANK 4,072 CR BHEL 282 CR CMP: 1,476
ELECTRIC VEHICLE SONA BLW BEL 3,985 CR RCF 225 CR P/E RATIO : 88
TOTAL ORDER BOOK : 20,070 CR
EMS DIXON TECHNOLOGIES NHPC 3,624 CR MMTC 192 CR BEML LTD.
FERTILISERS COROMANDEL INTERNATIONAL MRPL 3,597 CR IFCI 104 CR MARKET CAP : 16,728 CR
FINANCE BAJAJ FINANCE UCO BANK 3,435 CR MIDHANI 92 CR CMP : 4,018
FINANCE & INVEST HDFC AMC SAIL 3,067 CR KIOCL 83 CR P/E RATIO : 59.4
TOTAL ORDER BOOK : 12,781 CR
FMCG BILKAJI FOODS
MAJOR SECTOR AND BENEFICIARIES OF MODI 3.0 ?? SOLAR INDUSTRIES INDIA
GAS TRANSMISSION GUJARAT GAS MARKET CAP : 86,892 CR
GREEN HYDROGEN ADANI ENTERPRISES AFFORDABLE HOUSING - ADANI TOTAL GAS CMP : 9,601
HEALTHCARE NARAYANA HRUDAYALAYA -HUDCO - WELSPUN CORP P/E RATIO : 104
HOSPITALITY EASY TRIP PLANNERS -TATA STEEL, JSW STEEL - MAHARASHTRA SEAMLESS TOTAL ORDER BOOK :5,129 CR
-ULTRATECH - RATNAMANI METALS ASTRA MICROWALE PRODUCTS
INFRASTRUCTURE ACTION CONSTRUCTION EQUIPMENT MARKET CAP : 8,796 CR
INSURANCE POLICY BAZAR -AMBUJA INCREASE CROP MSP
CMP : 927
-HOUSING FINANCE NBFC'S - ESCORTS KUBOTA P/E RATIO : 72
MAPS MAP MY INDIA
TOURISM - M&M TOTAL ORDER BOOK : 1956 CR
MEDIA TV18 BROADCAST
- INDIAN HOTELS - MMFS MISHRA DHATU NIGAM
MICRO FINANCE EQUITAS SMALL FINANCE - CHOLA MARKET CAP : 8,367 CR
- INDIGO
PAINTS ASIAN PAINTS - IRCTC - SHRIRAM FINANCE CMP : 447
MUSIC SAREGAMA - SUNDARAM FINANCE P/E RATIO : 91
RAILWAY INFRA
PAPER JK PAPER TOTAL ORDER BOOK : 1767 CR
-APL APOLLO HAR GHAR JAL SCHEME
ZEN TECHNOLOGIES
PHARMA SYNGENE -JTL INFRA -JINDAL SAW MARKET CAP : 8,645 CR
PLASTIC ASTRAL -SURYA ROSHNI - WELSPUN CORP CMP : 1,029
PLYWOOD CENTURY PLYBOARDS -HI TECH PIPES - ELECTROSTEEL CASTINGS P/E RATIO : 68.5
POWER TATA POWER EV - HI-TECH TOTAL ORDER BOOK : 1400+ CR
- TATA MOTORS - JTL DATA PATTERNS (INDIA)
RAILWAY IRFC
MARKET CAP : 15,232 CR
RATING CRISIL - SHRIRAM FINANCE - SURYA ROSHNI
CMP : 2,772
RETAIL TRENT AUTO PARTS - APL APOLLO P/E RATIO : 83.1
TEA / COFFEE CCL PRODUCTS - MOTHERSON SUMI PHARMA (RESEARCH BOOST) TOTAL ORDER BOOK :1083 CR
ROBOTICS ABB INDIA - SONACOMS - DIVIS MTAR TECHNOLOGIES
- MINDA IND - SYNGENE MARKET CAP : 5,598 CR
SHIP BUILDING MAZAGON DOCK CMP : 1,819
MUDRA LOAN LIMIT EXPANSION - SUVEN
SOLAR ENERGY ADANI GREEN P/E RATIO : 99.0
- PUBLIC SECTOR BANKS - AMI ORGANIC (NR) TOTAL ORDER BOOK : 915 CR
SEMI CONDUCTOR CG POWER
- SMALL FINANCE BANKS FMCG (RURAL RECOVERY) DEX SYSTEMS
SENIOR CITIZEN CARE MAX INDIA
WORKING CAPITAL TO MSME - DABUR MARKET CAP : 3,568 CR
SMART METER GENUS POWER - SHRIRAM FINANCE CMP : 319
- EMAMI
STEEL TATA STEEL - MAS FINANCE P/E RATIO : 52.1
- BAJAJ CONSUMER
SUGAR TRIVENI ENGINEERING - BAJAJ FINANCE TOTAL ORDER BOOK : 800 CR
PM-EBUS IDEAFORGE TECHNOLOGY
TELECOM BHARTI AIRTEL NATURAL GAS - ASHOK LEYLAND MARKET CAP : 3,056 CR
TEXTILE PAGE INDUSTRIES -GAIL<- IGL - MGL - TATA MOTORS CMP : 712
WATER TREATMENT ION EXCHNGE - GUJGAS - JBM AUTO P/E RATIO : 63.2
WIND ENERGY KP GREEN - IRM ENERGY - OLECTRA GREENTECH TOTAL ORDER BOOK : 125 CR
YEAR : 32 | ISSUE NO. 33 | 24 TO 30 JUNE 2024 SINCE 1992 BLUECHIP INVESTMENTS 17
THE HEDGE CLUB
CA DEVAGNAYA R SHAH MOB - +91 9428404540 | Email : devagnaya@gmail.com
SEBI REGISTERED INVESTMENT ADVISER | | REG NO. : INA000018531

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