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SUPPORT ZONE HOLDS Market Scan BUY.... BUY....BUY TIPS OF THE WEEK
Jatin Sanghavi
50 DMA TO THE RESCUE (Mumbai)
(M) 098205 26455
Co. Name
Nelco
Sanghi Ind.
Code
504112
526521
Price
230.0
49.00
Co. Name
Escorts
Godrej Cons.
Code
500495
532424
Price
597.00
691.00
HIGHLY VOLATILE IN TRAD- the 50dma, and then bouncing back.
E-mail : I.B. Housing 535789 209.00
ING RANGE :- As pointed out in the Interes tingly, the 100dma (Nifty Prism Johnson 500338 78.00
11407) is now acting as a Resistance. jatinsanghavi100@yahoo.com Himadri Chem. 500184 74.00 Kansai Nero. 500165 507.00
previous week's article, the market
took Support at the Support Zone I.B. Real 532832 43.00 Blue Star 500067 807.00
(11178-11090) mentioned last week. : INDEX LEVELS : Indian Hotels 500850 150.00 MCX 534091 1002.00
Despite being a truncated week, S3 S2 S1 Close R1 R2 R3 Aegis Logistics 500003 166.00 Zydus Well 531335 1654.00
there was no shortage of Volatility. NIFTY 10941 11078 11181 11305 11416 11554 11694 Metropolis H. 542650 1283.00
City Union Bk. 532210 221.00
Each day saw both Sensex and Nifty
SENSEX 36956 37415 37807 38127 38460 38870 39284 Manappurm Fin. 531213 140.00 Whirlpool 500238 2073.00
drifting down and taking Support at
Sonata Soft. 532221 302.00 Info Edge 532777 2259.00
This Weeks Recommendations A close above the 100dma will turn the Trend Bullish, one can look
Sudarshan Che. 506655 375.00 IndiaMart 542726 2163.00
Stocks CMP SL Tgt-1 Tgt-2 lead the Nifty to 11692, and a for opportunities to buy at lower lev-
els. Bharti Airtel 532454 382.65 Siemens 500550 1575.00
Buy Nestle 14032 13840 14339 14662 close above that will lead the
indices to new highs. A bearish TECHNICALLY SPEAKING :- Bandhan Bank 541153 583.00 PVR 532689 1793.00
Buy Asian P. 1790 1760 1836 1883
break of the 50dma (11087) will Sensex opened the week at 37853,
Buy Bharti Air. 382 374 394 407 take the Nifty down to critical made a high of 38345, low of 37415
Buy Tech Mah 721 707 742 764 Support zone near 10700. Since and closed the week at 38127.
Buy Godrej CP 692 680 710 729 the indices have managed to (Cont. on P. No. 6) Rapid Fire Stocks
Get Expert tips on Share Trading
Above 11050, it is hunky - dory ! With Personal Assistance for your Trades
RISING STAR: and Capital Protection at a Very Nominal Cost
Jubilant Life Sciences Ltd.(472.05), Let the Experts Guide Whatsapp @
NSE: JUBILANT, you towards the
Jignesh R Mehta
Ring : 93 27 11 33 44
Twitter: @jigneshrmehta
SECTOR:Pharmaceuticals
journey of Profits ! 9769037711
(SEBI Registered Research Analyst)
E-mail : support@kiranjadhav.com
Website : www.KiranJadhav.com
In last week, we clearly sug- Avoid financial accidents!
gested that 11050-11100 is impor-
tant support and market could wit- Become an empowered investor
ness it but breaching this level on
lower side was not easy. It is on the Learn the Art of Investing by attending our learning session near you
same line, we still and firmly believe
that 11050 kind of level is very im-
these levels have not come with as and then all the signs of panic will
be put to rest for a long while. On
Mumbai (7 & 8 Dec); Delhi (5 Jan 2020)
much force as it was required. And
portant to be held in the market. The therefore for coming week, our eyes the other hand if subjected levels if To register for our seminar, WhatsApp to +91 98495 19188
only thing that has changed in our are to be on one more level on up- breached down side, it would open
view in this week to that of last week side at 11360 which needs to be up some breakneck down side lev-
is only that the level of 11090 is once
touched and the recovery from
breached in first few days of the
week. If that happens then things
will be in complete favour of the bulls
els on our cards. Every reader are
therefore advised to be low profiled
for next week and do nothing until
BULLISH INDIA
any levels above 11360 or below BULLISHINDIA.COM
VeÍef÷ þuh Think about
11050 is breached.
(Cont. on P. No. 6)
(India’s Favourite Stock Market Research House)
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S
S M
MAARRTT
INVESTMENT
INVESTMENT
13th October to 19th October 2019
13th October to 19th October 2019
3
Stock Buzz SME Stocks Worth Keeping in Mind
Subramanian Mahadevan Affordable Robotic (Rs. ing months.
ended on a comfort level of 11.25K week at $59.8 a barrel. Brexit and able as on the date along with market perceptions. Inves- secure your position accordingly.
tors should bear in mind that any investments in stock
and 38K plus and gave a sigh of re- US-China Trade war issues are cur- markets are subject to unpredictable market related risks.
rently at the center stage for global (THE AUTHOUR IS SEBI REGISTERED RESEARCH once again tested the same horizon-
lief. Amicable settlement between US
markets and we too are facing trem-
ANALYST) RISING STAR: tal line level at about 400. This time
Stock Wave Smart Tips Jubilant Life (472.05), round, the level were tested as sup-
Market Scan In a new Technical Analysis port. So resistance of long years of
(Continued from page 8)
(Continued from page 8) (Continued from page 1) conceptionthat we developed is past has now become a strong sup-
On upward movement, beyond Book value of the share is Rs. called IT Delight, in which we give port. One should also learn that af-
28600 it may go up to 28900 and 71. 24. The company's equity is Rs. Thus it closed the week with a ter testing the same level price is
lot of important to Horizontal Line.
29200. On the downward movement, 27.09 crores and has reserves of gain of 454 points. At the same time constantly trying to go upwards.
Here, horizontal line means a line
below 27652 the stock prices may Rs. 1908 crores. For June quarter, the Nifty opened the week at 11196, Currently long & short term group
made a high of 11362, low of 11090 which has been significant for more
weaken. it reported income of Rs. 186.51 than 3 years and has more than 3 of EMAs are trading well in bullish
Biocon (247.60) :- It shows re- and closed the week at 11305. Thus spread and hence we believe that
crores, and profit of Rs. 42.30 citations of price taking reference.
bounding spurt from bottom of the Nifty closed the week with a gain price is ready to conquer an uptrend.
crores. It is planning to open casi- Such a line has strength to take
212.20. It shows overbought position of 131 points. We believe that current support line
nos in new destinations. Rakesh price double the current level if this
on daily basis, neutral on weekly On the daily charts, both Sensex
Jhunjhunwala holds a large stake in line is currently a support and the of the stock which is placed at 400
basis and oversold on monthly ba- and Nifty have formed a small white
the company. Its revenue is likely contrary way such line can also take should be treated as our Stop loss
sis. On upward movement, beyond body candle almost like a Spinning
to go up in Diwali and New Year price half from the current level if before we are ready to venture this
244 it may go up to 259 and 263. On Top. On the weekly charts both the
seasons. The stock can be seen the same is currently a resistance. and your personal financial advisor
the downward movement, it may get indices have formed a Bullish
touching Rs. 300 in two to three Today, we are bringing you one has to buy this theory and should
support at 233. Harami which is a Bullish reversal
quarters. such stock from PHARMA sector, permit you to venture this invest-
Escorts (596.00) :- It shows pattern but requiring confirmation.
JBM Auto (Rs. 235.00) JUBILANT, which we have identi- ment for the target of 800 in coming
upward movement from bottom of Thus both daily as well as weekly
(Code: 532605) :- Shares of this fied with the same Horizontal line 2 years.
candlestick pattern study indicate a
423.55. It shows neutral position on as shown in attached chart. If you Jignesh R Mehta
B Group listed auto parts manufac- Bullish bias in the near term. SEBI Registered Research Analyst
daily basis, overbought to neutral on too can follow it, please check how
turer have face value of Rs. 5. The This week saw both the indices www.kiranjadhav.com
weekly basis and neutral on monthly evidently the price took resistance
shares touched a 52-week high of taking Support in the Support zone support@kiranjadhav.com
basis. On upward movement, be- in 2008, in 2010 and finally in 2015- Phone: 9327 11 33 44 / 9328 11 33 44
Rs. 328 and low of Rs. 135. The defined by moving averages i.e.
yond 617 it may go up to 626 with 16 for more than 3 times. After test- Twitter: @jigneshrmehta
company is a big name in automo- Sensex 37702 (200dma) - 37451
resisting level at 633. On the down- ing the same level in the second half Disclosers : Views expressed
bile industry. It also makes electric (50dma) and Nifty 11235 (20dma) -
ward movement, below 591 it may of 2016, price breached the much in this article/articles are personal
buses. Going ahead, it is likely to 11087 (50dma). Interestingly each
get support at 581 and 563 and be- awaited level, price did not look back opinion of Author and it does not
benefit from revival of demand in time the 50dma was tested, it not
low that selling spree may increase. only provided strong Support but for long time ever since the breach constitute an offer to buy or sell se-
auto sector. It has received order for
Maruti (6698.90) :- It is on also the force to move higher. On happened. However with an appar- curities mentioned herein. Enough
300 CNG buses from Delhi Inte-
downward movement after reaching the higher side 100dma (Sensex - ent market down trend, price of JU- care has been taken before arriving
grated Multi Modal Transit System,
7177.90 level. It shows oversold 38318 and Nifty - 11407) is acting BILANT also took a beating and at these data, figures & charts, how-
Spicejet, and Indigo. For June quar-
position on daily basis, overbought as a Resistance. A downside break ever, readers are advised to do their
ter, its income went up 8.67% from
to neutral on weekly basis and neu- of the critical 50dma will signal a own assessment before taking any
Rs. 215.42 crores to Rs. 234.10 Nifty - 11087) and even the long term
tral on monthly basis. On upward Trend Reversal. actions in the market. The author
crores, while profit declined margin- average of 200dma (Sensex - 37702
movement, beyond 6850 it may go If the above mentioned Support and his company does not take any
ally from Rs. 10.23 crores to Rs. and Nifty - 11270). Thus the Trend
up to 6915 and 7177. On the down- Zone defined by the Moving Aver- responsibility for any results that
10.12 crores. EBIDTA was up in the short term, medium term as
ward movement, below 6539 it may ages is broken especially the may arise out of using this informa-
6.16% to Rs. 32.04 crores. The well as long term Timeframe has
go down to 6500, 6380 and 6275. 50dma, then the Market is likely to tion.
company's equity is Rs. 20.40 turned Bullish.
Reliance Ind. (1352.60) :- It is move lower and test the strong long
crores, while reserves are at Rs. MACD and Price ROC both Disclaimer :- Investment rec-
moving upward from bottom of term Support Zone which is defined
237.84 crores. The stock can be negative and in Sell mode. RSI (53) ommendations made in Smart In-
1172.65. It shows overbought position by the Confluence Zone of strong
seen touching Rs. 300 in four to six suggests Bullish momentum. Sto- vestment are for information pur-
on daily, weekly and monthly basis. On Weekly Trendline Support and 100
months. chastic Oscillator %K (59) has gone poses only and derived from source
upward movement, beyond 1371 it WeeksMA, which has given Support
(SEBI Registered Research Ana- above %D and hence is in Buy that are deemed to be reliable but
may go up to 1390, 1410 and 1430. lyst) for 7 consecutive weeks for Sensex,
mode. ADX (16) suggests consoli- their accuracy and completeness
On the downward movement, below * Disclosure :- The author has not Nifty and even Bank Nifty.
dation. Directional Indicators are in are not guaranteed. Smart Invest-
1350 it may get support at 1330. brought / sold any stock advised in this A close above 100dma will lead ment or the analyst / writer do not
Buy mode as +DI has gone above -
TCS (1986.85) :- It shows down- news paper during last one month • All the indices to test their current inter- accept any liability for the use of
stocks rates / indices on 11th October,
DI. MFI (52) suggests Positive
ward movement from top of mittent peaks at Sensex 39441 and this column for the buying or sell-
2019 unless specified o Stoploos is use- Money Flow. Buy signal in Bollinger
2296.20. It shows oversold position Nifty 11695. A close above these ing of securities. Readers of this
ful for Short - Medium term investors Band stands negated. Thus Oscilla-
on daily, and weekly basis, while levels will mark the end of Correc- column who buy or sell securities
only. tors are suggesting a mixed bias.
towards oversold position on tion and will signal a Reversal in long based on the information in this col-
* Disclaimer :- • Smart Investment Options data for October series
monthly basis. On upward move- Term Trend. umn are soley responsible for their
will not be responsible / for any loss aris- indicate highest Call Open Interest
ment, beyond 2050 it may witness ing out of investment based on its rec- This week, both the indices actions. The author, his company
at 12000 and the highest Put build-
resisting level at 2083. On the down- ommendation. • Though, every care has closed above the short term aver- or his acquaintance may / may not
up at the strike of 11000. Thus Op-
ward movement, below 1975 it may been taken, we will not responsible for age of 20dma (Sensex - 37891 and have positions in the scrips fea-
tions data suggests a trading range
go down to 1962, 1928 and 1895. any errors / omissions • All disputes are Nifty - 11235), medium term aver- tured herein.
subject to Ahmedabad jurisdiction.
with resistance at 12000 and sup-
Disclosure : The Recommendations are based on age of 50dma (Sensex - 37451 and
technical analysis. There is a risk of loss in trading. port at 11000.
SPANDANA SPHOORTY
(542759 & NSE) (1059) (FV 10)
Aisa moka phir kaha milega !!
Every time is different in stock on account of corporate governance
market, be it a boom or doom.
A. K. Asnani issues large number of investors are
In times of major declines mar- (M) 9893512098 fleeing to MNC stocks. Without a
ket will test your nerves. It will apply Smart Verc (Bhopal) doubt MNCs are very well known for
all the tricks to make you fearful. Author of Book high standards of management. But
Portfolio of investors who joined Way to Billionaire most MNC stocks are already overly
during last 2-3 years is running into who are feeling scared should con- discounted.
losses. Market will attempt its best sult highly experienced and suc- On the other hand there are
to make you believe that stock mar- cessful investors for the next step. many small and mid-caps which
ket is a mere speculation and noth- Keep checking your portfolio for have good management; why not
ing else. Many investors must be the right stocks every quarter. pick these stocks.
feeling cheated. You behavior in the current Your actions in the current times
This phenomenon is nothing times will play a key role to decide is no less than an art which is to be
new, it happens in every major cor- fate of your investments in the long learned to succeed in long term
rection. It is happening from the run. which is a pure science, which says
ages. This is a part of the stock Word of wisdom: Most of the loudly that, In the long term only
Spandana Sphoorty Financial Ltd is a public limited company regis- market cycles. Only difference is, time - The majority goes wrong! good financial performance will be
tered with Reserve Bank of India (RBI) as an NBFC Microfinance Institu- this time it happened after a long After suffering from companies rewarded.
tion. Started in 1998, within five years, by 2003, it grew to the largest Micro time of 10 years and large number
finance Institution in India and 6th largest across globe. Spandana has of new investors caught unawares. Value of Rs. 1 Lakh Invested in Various Asset
694 Branches with presence in 15 states and work force of over 4045 Those who are into the market
employees. The model of financing has the inherent strength of meeting from long time and have seen (As on 8-10-19) Sensex Gold Silver FD (SBI) PPF*
its cost by which the business is sustainable with no dependency on grants couple of crashes know very well 1 Year 107120 122619 117376 106650 108000
and therefore can be scaled up to boundless limits offering LG loans, LAP, that, this time will also pass. But the 1 Year
Gold Loans etc. Gross Loan Book grew from Rs.902crores in 2014 to winner will be thatclass of investor Post Tax Returns 107120* 115833 112163 104655 108000
Rs.3166crores in 2018 which is nearly 3.5 times in 4 years. For FY19, the who know that this is the time to pick 5 Year 141800 143509 115336 150366 151757
Company registered sales of Rs.1043.10crores as against Rs.587.31crores the stocks selectively. "Aisamoka fir 5 Year
in corresponding period of previous financial year. While the Company kahamilega"
Post Tax Returns 141800* 139158 113802 133507 151757
registered profit of Rs.311.9crores as against Rs.187.95crores in corre- You have to take call from the
sponding period of previous financial year. wisdom gained in the past. Those ** Taxed at 10 % without indexation, # Silver prices suffered losses ; All Post - tax
returns are calculated on capital gians, except PPF, * Taxed at 30% Income Tax
Technical Observations : The
stock is trading above its 5, 10, 20
EMA on daily charts and in buy
Buy... Buy... Buy on Dips Hold Sell on High
mode on ADX, MACD, PSAR and Titagarh Wagons 41.00 RITES 283.00 IRCON 378.00 Torrent Pharma 1643.00
SUPER TREND indicators. Stock Royal Orchid 74.00 GRUH Finance 302.00 Century Textiles 393.00 Aurobindo Ph. 438.00
can be bought at CMP and added
Kamat Hotels 35.00 I.B. Ventures 104.00 Teamlease 3113.00 SRF 2693.00
on dips with a target of 1350 within
the next 15 to 18 months. Adani Green 78.00 Berger Paints 477.00 Asian Paints 1790.00 Muthoot Fin. 663.00
NMDC 96.00 BIocon 247.00 Atul Ltd. 4041.00 GSK Consumer 8559.00
SMART RVNL
Shalimar Paints
25.00
84.00
TAJ GVK 165.00
Bharat Forge
Voltas
418.00
678.00
Just Dial 617.00
INVESTMENT Texmaco Rail 46.00
JSW Steel 217.00
VST Tillers 1246.00
LMW 3313.00
English & Gujarati Dabur India 445.00 LIC Housing 370.00
Kernex Micro 27.00 Alkem Labs. 1947.00
Soft Copy on HBL Power 16.30 Tata Metaliks 563.00 Abbott India 10986.00 BOB 90.00
Every Sunday Morning Cimmco 21.00 Motherson Sumi 95.00 BEML 902.00 BASF India 972.00
in your Mailbox
Postal Regd. No. GAMC - 1703/2018-2020 issued by SSP Ahd. Valid up to 31 December 2020
Published on Every Sunday “Permitted to post at Ahmedabad PSO on every Monday (weekly) under
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
w w w. c h a r t s a n ke t s t o c k . c o m
See saw week marks positive end
Another four s es s ions week counters in the final hour washed out
Interesting level for Index at 38505 turned see-saw week of loss and gain
that finally ended with a positive note.
Expert’s Eye major gains in early trades following
surge in Consumer Durables, Bank-
and Nifty Future at 11450 After positive start on Monday, mar- Dilip Davda ing counters. Mid and Small cap
kets ended on a poor note and there- counters too witnessed hammering at
BSE Index (38127.08) :- It is moving downward from top of after it marked gain, loss and then e-mail : dilip_davda@rediffmail.com every rise. FIIs were net sellers while
39441.12. It shows neutral position on daily basis, overbought to neutral again gain on short coverings. US DIIs were net buyers.
range bound trades with both side
on weekly basis and towards oversold on monthly basis. On upward move- China Trade war issue and Brexit movements amidst kicking off of the On Tues day all mark ets re-
ment, beyond 38145 can be considered as good level. Beyond 38505, it continued to kept a tab on general Q2 numbers season and turned stock mained close on acc ount of
could go up rapidly to 38580, 38780, 38795, 39010, 39225 and 39441 and sentiment on global markets, we specific. "Dussehara" Holiday. On Dussehra
once it crosses 39441 it may be in new range. On the downward move- marked some different ton with some For the week, we marked indices to Dussehra basis, indices surged
ment, important support could be at 37145. domestic developments. FIIs contin- movements in the range of 11362.90 around 8% with addition to market
Nifty Future (11318.00) :- It shows downward movement from ued to be the net sellers for the week -11090.15 and 38345.41-37415.83 cap for over Rs. 4 lakh crore.
while DIIs were the net buyers. Stimu- for NSE Nifty and BSE Sensex re- On Wednesday with pos itive
top of 11682.40. It shows towards neutral on daily basis, overbought to
lus and the tax concessions failed to spectively. opening, markets gained momentum
neutral on weekly basis and oversold position on monthly basis. On up-
charm FPIs who continued their sell- The week marked net weekly on fresh buying support and closed
ward movement, beyond 11385 it may go up to 11425 and 11450. Beyond ing in emerging markets and that sur- the session with big score. While NSE
11320 could be a good level. Once it crosses 11450 level it could go up to GAINs of 130.30 points for NSE Nifty
prised one and all. The week marked and 453.67 points for BSE Sensex. Nifty gained 186.90 points to end the
11490, 11555, 11620 and 11683. On the downward movement, below day at 11313.30, BSE Sensex scored
Monday marked positive open-
11230 it may get support at 11113. Dividend Announcements 645.97 points to close at 38177.95.
ing, but ended the session in red with
Bank Nifty Future (28135.00) :- It shows downward movement Avantel (20%), TCS narrow movements. NSE Nifty lost Surprisingly hike in DA for govern-
from top of 30974.80. It shows towards neutral position on daily basis, over- 48.35 points to close at 11126.40 and ment employees gave boost to mar-
(500% + 4000%), ket sentiment that snapped last six
bought to neutral on weekly basis and towards oversold position on monthly BSE Sensex marked deficit of 141.43
Infosys (160%) etc. sessions negative trends. Banking
basis. (Cont. on P. No. 6) points to end the day at 37531.98.
counters lead the rally and got sup-
Golden quote :- You can’t cross the sea merely Ex-bonus Fear of poor Q2 numbers kept a tab
port from Pharma, Power,
on general sentiment. Heav y
Jonjua (1 for 25)
by standing and staring at the water offloading in pharma and Oil and Gas
(Cont. on P. No. 6)
Terrific Shots - Dilip K. Shah Smita N. Zaveri
Mahanagar Gas company's income increased from diversified in textile yarn manufac-
(Rs.915.00) (Code: 539957) :- Rs4641.75 crore to Rs5388.47 turing. In June 2019 quarter, the Himadri Specialty, Sonata Software,
The company set up in 1995 distrib- crore, while profit decreased from company witnessed profit of Delta Corp, JBM Auto
utes CNG and PNG in Mumbai and Rs514.40 crore to Rs452.75 crore. Rs23.08 crore on income of
surrounding areas. It owns 180 In June quarter, the company's in- Rs352.82 crore with EPS of Himadri Specialty Chemical (Rs. 74.00) (Code: 500184)
CNG pumps and is increasing the come increased from Rs1401.34 Rs14.53. The government is plan- :- Shares of this A Group listed specialty chemicals company have face
number. It has network of 4464 km crore to Rs1533.30 crore, while ning to invest in rural India, which value of Re. 1. The shares touched a 52-week high of Rs. 146 and low of
pipeline. The company aims to add profit increased from Rs138.61 many benefit the construction com- Rs. 62. Himadri Specialty is the largest producer of Coal Tar in India. It
46 CNG stations and 2.3 lakh new crore to Rs146.02 crore. The gov- panies. As against the equity of also makes other chemicals, oil, carbon black, sulphonate, and other prod-
PNG connections in its network in ernment schemes like Housing for Rs15.92 crore, the company has ucts. It has six plants in India and one in China. It meets 65% requirement
next quarter. The company had All, Smart City Project, etc are likely reserves of Rs483.58 crore. It paid of aluminium and graphite electrode industries. For 2018-19, its consoli-
come up with IPO at price of Rs421 to boost the housing sector, which 70% dividend last year. dated profit rose 31% to Rs. 324 crores, whereas income was up 20% to
last year. Usage of CNG and PNG will benefit the paint sector compa- Amber Enterprise Rs. 2422 crores. For June quarter, consolidated sales were at Rs. 547
will be on rise in future so the com- nies. The brand is very popular and (Rs.928.00) (Code:540902) :- crores, and profit Rs. 73.49 crores. The company's equity is Rs. 41.86
pany may get benefitted from it. In strong, so it may get most in the fu- crores, debt Rs. 430 crores, and reserves Rs. 1635 crores. The stock is
It came up with IPO recently at price
In June quarter, the company wit- ture. The company is also planning attractively valued at current price.
of Rs859.00. The promoters hold
nessed net profit of Rs170.24 crore expansion. It paid 305% dividend in 44.02% stake in the company, while Sonata Software (Rs. 302.00) (Code: 532221) :- Shares of
on income of Rs831.19 crore. The 2016, 300% in 2017, 260% in 2018 FII hold 11.41%, MF hold 5.69% and this A Group listed company have face value of Re. 1. The shares touched
company has paid good dividend and 260% in 2019. The floating public hold 38.84% stake in the a 52-week high of Rs. 363 and low of Rs. 266. Promoter holding in the
after IPO. It can be considered for stock is very low so the volume may company. As against equity of company is 28.17%. It came into existence as the IT division of Indian
investment for long term on down- improve in future. Rs31.45 crore, the company has Organical Chemicals in 1986. Sonata Software is a global IT solutions
ward movement. It may give good Visaka Industries reserves of Rs954.69 crore. In June provider. It provides solutions in retail, manufacturing & distribution, travel
return in long term. (Rs.269.00) (Code:509055) :- quarter, the company's income in- and software industries. It has also developed a number of digital plat-
Kansai Nerolac (Rs. It was incubated in 1981. Earlier it creased from Rs708.07 crore to forms of its own. International IT services accounted for 38% share of its
Rs1235.94 crore, while profit in- total business in the first quarter, and the rest from domestic market. US
507.00) (Code:500165) :-The was manufacturing only cement
sheets and it had capacity of 36,000 creased from Rs26.5 crore to accounts for 56% of its total overseas revenue, and UK 30%. For Septem-
paint sector company's equity is
Rs61.22 crore. The stock prices ber quarter, Sonata reported income of Rs. 208.77 crores and profit of Rs.
Rs53.89 crore, while reserves stand tonner per year. It set up its first fac-
tory in Andhra Pradesh. In 1992, it seems bit higher earlier but after 37.16 crores. Fund holding in the company is 8.9%, while FPIs hold 13.89%.
at Rs3362.44 crore. In FY2019, the
correction in prices, it seems attrac- The company has mutual fund holdings of Rs. 99 crores. Its EPS has
tive. In the budget, the government grown at a CAGR of 17% in the last four years. The share can be bought
TRADNICAL STRATEGY - BARODA has imposed duty on imported prod- with a target price of Rs. 375 in one year.
ucts which may benefit the com- Delta Corp (Rs. 169.00) (Code: 532848) :- Shares of this A
NIMESH THAKER : Email: nimesh@nimeshthaker.com Group listed company have face value of Re. 1. The shares touched a 52-
pany. The company is active in pro-
Sebi Registered NO. : INH000005874 duction on consumer goods. The week high of Rs. 277 and low of Rs. 116. The company owns casinos in
stock volume is limited so the stock Goa and Sikkim. This business is almost recession-proof. The company
Hope for Rally are still alive At Bull's Camp can be bought in 4-5 phases for long has a market cap of Rs. 4634 crores.
as Nifty bounced from Support zone term investment. (Cont. on P. No. 6)
Last week Nifty was moved in the range of 11000-11370, the same
level I mentioned in my last week recommendation. Global markets senti- Adani Gas (Rs137.00) Smart Super Duper model is strong and the future seems
bright so it is good option for long
ments are improving which can supports our market. The good news are (Code:542066):- The company - Het Zaveri term investment. It paid interim divi-
for our market are FII flow turned positive after so many days. I hope the has got demerged from Adani En- level but it can be bought at any dend of 50% for 2019.
flow would sustain in this current global environment. on Technical chart terprise recently and has got listed. correction in the prices.
point of view, multiple support area between 11240-11100 was acted firmly The promoters hold 74.80%, FII India Cement (Rs.81.00)
Aegis Logistcs
on which bulls was very hopeful. I believe Nifty should sustained above hold 21.59% and other investors (Code:530005) :- The company
(Rs.166.00) (Code:500003) :- promoted by S Srinivasan is engaged
11440 level for big up-move otherwise this consolidation may remain for hold 3.11% stake in the company.
It is known for providing logistics ser- in selling cement in South Indian Mar-
some time. on downside 11150-11000 act as support zone while 11400- In FY2019, the company's income
vices in oil and gas sector. It was set kets. However, it is also expanding
11440 would be resistance for next week. on option point of view, Nifty increased from Rs1373.67 crore to
up in 1956 and was listed on BSE in its presence in Western Indian Mar-
11200 and 11000 put option indicating short build of position while 11400 Rs1718.96 crore, while profit in-
1978. It also provides liquid logistics, kets. The company has eight plants
and 11600 call option showing long build up of position indicates short creased from Rs161.99 crore to
gas logistics, EPC logistics and ma- in south India, one plant each in
term trader are expecting bulls view on nifty. Rs228.70 crore. In June quarter, the
rine services. It also owns retail gas Maharashtra and Rajasthan. As
With keep in mind all above data, I recommend buy Nifty :- company's income increased from
outlets. As against equity of Rs33.40 against equity of Rs309.90 crore, the
Strategy 1 : Either above 11450 level with the stop loss below 11300 Rs396.01 crore to Rs478.99 crore,
crore, the company has reserves of company has reserves of Rs4898.13
and target 11650-11750 level or while profit increased from Rs55.07
Rs1357.88 crore. In March quarter, crore. The company is facing high
Strategy 2 : Buy near 11200-11150 level with stop loss below 11000 crore to Rs79.31 crore. The com-
the company's income increased debt problem for a long term. In the
level and target 11380-11450 pany is active in city gas distribu-
from Rs1251.92 crore to Rs1852.64 first quarter of FY2020, the company's
(stop loss should consider as closing basis) tion and the sector is witnessing fast
crore, while profit increased from sales increased from Rs1386.29
For our investment related queries you can contact me on 9228237373. growth. It also operates in verticals
Rs54.58 crore to Rs61.70 crore with crore to Rs1496.37 crore, while profit
like CNG, PNG and Industrial Gas
Tech Mahindra: Buy distribution. It supplies gas in
EPS of Rs2.11. In June quarter, the increased from Rs2.65 core to
Buy Range: 720-710 ; Target: 765-790 stop loss 695 company's income increased from Rs64.27 crore. The stock seems
Ahmedabad, Vadodara, Faridabad,
Rs1016.5 crore to Rs1955.28 crore, costly from valuation point of view but
Allocation: 10% of trading capital etc. The Government also wants to
while profit increased from Rs51.64
On daily chart stock has given break-out of short term resistance level. which make India a gas-based econonmy, it is getting higher valuation due to ca-
crore to Rs56.95 crore with EPS of pacity and strong brand. The com-
indicates stock can give strong up-move in coming days. Hence I recommend to which may benefit the company.
Rs1.71. The company's business pany may perform better in future.
accumulate between 720-710 with stoploss of 695 for target of 765-790 level The stock may be costly at current
Printed by Dilip K. Shah, Published by Dilip K. Shah, Owner by Dilip K. Shah. Printed at Allied Offset Printer Pvt. Ltd. 14/2, Kalidas Mill Compound, Gomtipur,
Ahmedabad-380021. Published from 311 to 313, Nalanda Enclave, Opp. Sudama Resorts, Pritam Nagar1st Dhal, Ellisbridge, Ahmedabad. Editor : Dilip K. Shah
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