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54
GAMC No. :1703/2018-20. Issued by SSP Ahd. Valid up to 31-12-2020

VOL : 13 • Issue No: 48 RNI No : GUJENG / 2008 / 24320 10th Jan. 2020 to 16th Jan. 2021
FII Activity (Rs. in Cr.)

Date Buy Value Sell Value Net Value
04-01-21 5331.17 3487.95 1843.22
05-01-21 7039.45 6053.15 986.3
06-01-21 6733.28 7216.92 -483.64
07-01-21 8481.77 8099.47 382.3
08-01-21 13171.18 7141.35 6029.83
TOTAL 40756.85 31998.84 8758.01
DII Activity (Rs. in Cr.)
Date Buy Value Sell Value Net Value
04-01-21 4575.57 5290.78 -715.21
05-01-21 5092 5582.03 -490.03
06-01-21 5686.04 6066.45 -380.41
07-01-21 4815.72 5805.72 -989.5
08-01-21 4792.7 7165.24 -2372.54
TOTAL 24962.03 29910.22 -4947.69
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January 2021 4
INVESTMENT
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Performance of our last Recommendation
Stock Date Rec. Given High
Price Target After Rec.
Menon Bearings 23rd October 50 65-75 56.85
FLEX FOODS 23rd October 62 Short term 75.85
GSFC 29th October 67.25 75-80 79.5
Goldiam Inter 6th November 155 175-180 234.5
THEMIS MEDICARE 10th November 339 360-375 398.8
MANALI PETRO 11th November 32.75 Short term 37.9
KIRAN VYAPAR 23rd November 79 Short term 90.9
T I GLOBAL 24th November 92 Short term 110
SHILCHAR TECHNO 26th November 165 Short term Booked Profit at Rs. 198
MINTECK 26th November 34 Short term 46.3
Simran Farms 27th November 63 Short term 67.9
AIMCO PESTI 1st December 95 Short term 100
CUPID LTD 4th December 242 Short term 164
MAHALAXMI RUB 4th December 44 Short term 48.85
Shilp Grauvers 9th December 76 Short term 83.25
GSCL CEMENT 14th December 39.5 48-50 40.85
Orient Cement 17th December 81.75 Short term Booked Profit at Rs. 89
Premier Explosive 21st December 168 200-225 175.75
AIMCO PESTI 22nd December 92 Short term 99
AMARJOTHI SPG 22nd December 95 Short term 50% Pr. booked 117
COCHIN MINERALS 23rd December 122.5 Short term 126
DAMODAR IND 24th December 34 Short term 50% profit booked
near 37
SHIVA AGRO 24th December 40 Short term --
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Financial Weekly

January 2021 5
INVESTMENT
Rapid Fire Stocks
Kalpna J (Email- Kjtech79@gmail.com)

(Ring : 97690 37711) Twitter : @Kj_TechTrades
INFOSYS (Rs. 1311.00)

Targets - 1555 TO 1750,
Time Frame - 5 to 12 months (Add in all dips)
Infosys a global leader in next-generation digital services and consulting, and Roland-
Garros, announced a strategic three-year technology partnership. The collaboration is aimed
at enriching the game by providing fans, players and coaches with a completely new experi-
ence, leveraging Infosys’ expertise in digital technologies such as artificial intelligence, big
data & analytics, mobility, virtual and augmented reality.
Infosys Limited is an Indian multinational corporation that provides business consulting,
information technology and outsourcing services. It has its headquarters in Bengaluru,
Karnataka. The company is engaged in software development in the form of services, turn-
key projects and products for the domestic and export market. The software development is
targeted towards the distribution, banking, telecommunication and manufacturing sectors
worldwide
Infosys is a global leader in next-generation digital services and consulting. They enable
clients in 45 countries to navigate their digital transformation. With over three decades of
experience in managing the systems and workings of global enterprises, and expertly steer
the clients through their digital journey. They do it by enabling the enterprise with an AI-
powered core that helps prioritize the execution of change and also empower the business
with agile digital at scale to deliver unprecedented levels of performance and customer
delight. Their always-on learning agenda drives their continuous improvement through build-
ing and transferring digital skills, expertise, and ideas from the innovation
Cont....
Financial Weekly

January 2021 6
INVESTMENT
Reliance Ind. (Rs. 1934.00)

Targets - 2390 to 2777, Time Frame - 2-12 Months,
(Add in All Dips and Hold )
Reliance Industries Limited is an Indian multinational conglomerate company headquar-
tered in Mumbai, Maharashtra, India. Reliance owns businesses across India engaged in
energy, petrochemicals, textiles, natural resources, retail, and telecommunications
• Increase in revenue was majorly driven by higher price realizations of petrochemical and
refinery products led by increase in Brent crude price. Increased revenues also reflected
higher volumes with the commissioning of new petrochemical facilities.
• Refining & Marketing segment EBIT declined by 19.6% yoy to Rs5,322cr impacted by
significantly higher crude price, tighter light-heavy differential and adverse movement in light
distillate cracks on yoy basis and shutdown of Fluid Catalytic Cracking Unit (FCC). RIL's
Jamnagar refineries processed 17.7 MMT of crude.
• GRM for Q2FY19 stood at $9.5/bbl against $12/bbl in Q2FY18, missing the estimate of
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Financial Weekly

January 2021 7
INVESTMENT
$10.4/bbl.
• Retail revenue grew by 121.5% yoy to Rs32,436cr, driven by store expansion, strong
value proposition and focus on customer experience across all consumption baskets. Retail
now has 9,146 stores.
• Jio has accelerated its pace of subscriber additions with net addition during the quarter
of 37million. ARPU during the quarter stood at Rs131.7 per subscriber per month, in-line with
our estimate of Rs131
Reliance Industries Limited is a Fortune 500 company and the largest private sector
corporation in India.
As Reliance sets sights on even more ambitious goals, inspired and guided by the story
and philosophy of our founder chairman Dhirubhai Ambani. Hailing from modest means, he
followed his dream to create India's largest company. Reliance as an organisation has adopted
this ethos of converting adversity into opportunity and making the impossible possible by
challenging conventional wisdom.
1) March 16, 2018: Recognized for their innovation and bringing transformational change
to India, Reliance Industries Limited (RIL), a leading provider of energy, petrochemicals,
textiles, retail, telecommunications and digital services, was presented with the ‘Drivers of
Change’ award at the Financial Times ArcelorMittal Boldness in Business Awards
2) Barcelona, Spain, 28th February 2018: Reliance Jio Infocomm Ltd. (Jio) announced
today that the JioTV app has won the “Best Mobile Video Content” award at the prestigious
Global Mobile (GLOMO) Awards 2018 at the Mobile World Congress (MWC). The other
nominees for this award included Airtel TV, Migu Hot Video & Bioscope Live TV.
3) Mumbai, 9th March 2018: India’s popular Live TV App JioTV announced that it has
introduced India’s FIRST interactive sports experience for consumers watching the ongoing
tri-nation Nidahas trophy which is being shown exclusively on JioTV in India. With this,
JioTV consumers can interact with the game while watching it - A revolution in the Live TV
space.
Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a
market cap of Rs 577878.54 Crore) operating in Miscellaneous sector
Financial Weekly

January 2021 8
INVESTMENT
RESEARCH REPORT
PENNAR INDUSTRIES LTD

(513228 & NSE) (Rs.24) (FV: Rs.5)
Pennar Industries is
India's leading value-added
engineering products and
solutions company. The
Company has a strong pres-
ence across growth sectors
in India through business
units Railways, Tubes, In-
dustrial Components, Steel
Products, PEB, Enviro and
its subsidiary companies,
Pennar Global Inc. and
Enertech Pennar Defense
and Engineering Systems
Pvt. Ltd. Pennar's all the manufacturing units are ISO 9001:2008-certified and the Company has
presence across 10 industry verticals. Pennar has over 30 years of rich experience and more than
1,000 precision engineered products, 2,500 tools and dies, over 600 customers and Eight manu-
facturing plants located at Patancheru, Sadashivpet, lsnapur, Velchal, and Mallapur near Hyderabad,
Chennai in Tamil Nadu and Tarapur in Maharashtra.
With an equity capital of Rs.71.1 crore and reserves of Rs.588.7 crore, PIL's share book value
works out to around Rs.46.4. The promoters hold 37.69% of the equity capital, Mutual Funds hold
6.11%, FPIs hold 9.68% which leaves 46.08% stake with the investing public.
Few days ago, it has bagged orders worth INR 517 crore across its business verticals. The Pre-
Engineered Building vertical received orders for construction of manufacturing facilities, ware
houses, solar P V Modules, power plant structures from various companies like Kaizen Industries,
Asian Fabtec, Ambuja Cements, Azure and others. The current order book position for Pre -engi-
neered buildings business unit stands at INR 280 Crores. The Railways vertical received orders
from BEML, Rites, Integrated Coach Factory, Universal Engineering and others. The current order
book position for the Railways business unit is at INR 249 Crores.
K M Sunil, Vice President, Corporate Strategy said "In spite of lockdowns and challenging con-
ditions due to Covid 19, it is heartening to note that the Company has across all its verticals have
received good order inflow."
Currently, the stock trades 70% discount to its January 2018 high of Rs.79.45. On account of
strong fundamentals and robust technical, it is likely to achieve a price target of Rs.35---40 in 9-12
months. Keep stop loss of Rs.21 for your buying.
Financial Weekly

January 2021 9
INVESTMENT
*U.S. Economy unexpectedly loses jobs in December*
Mr. Vidit Gupta
The U.S. economy shed 140,000 jobs in December. That’s the first monthly job loss in
eight months. Economists had expected the economy to pick up a very modest 50,000 jobs
in the month.
The official unemployment rate held at 6.7%. The U-6 unemployment rate, which counts
among the unemployed discouraged workers who have stopped looking for jobs and workers
in part-time jobs who would like full-time work was 11.6%. That was steady with November’s
11.6% but up from the 6.8% rate in December 2019.
The biggest losses, no surprise, came in restaurants, bars and other businesses hit hard
by fresh pandemic restrictions. In December, employment in leisure and hospitality declined
by 498,000, with three-quarters of the decrease in coming in food services and drinking
places Employment also fell in the amusements, gambling, and recreation industry (a drop of
92,000 jobs) and in the accommodation industry (a loss of 24,000 jobs.) Since February,
employment in leisure and hospitality is down by 3.9 million, or 23.2%.
The stock market wasn’t particularly upset at the deeply negative surprise.
Because, first, outside the ravaged leisure and hospitality sectors, retail, professional and
business services, construction and manufacturing all posted solid job gains. To Wall Street
that indicates that the economy is in a position to bounce back once vaccines control the
pandemic. This quote to Bloomberg is indicative, I think, of this stance: “Outside of con-
sumer-facing sectors the remainder of the economy continues to show resilience,” said
Michael Gapen, chief U.S. economist at Barclays. “It does show that if we can get control of
the pandemic, then we can restore economic activity and labor market conditions over the
course of this year. It’s a pandemic-driven number, a pandemic-driven composition.”
And, because, second, bad news on the real economy is seen as good news for continued
low interest rates and the Federal Reserve’s continued purchase of bonds at something like
the current rate of $120 billion a month. Coming after a week when some Fed officials
mentioned the possibility of cutting back on Fed bond purchases sometime, bad job news is
actually reassuring to a market that at current levels requires the continuation of super-easy
monetary policy from the Fed.
Financial Weekly

January 2021 10
INVESTMENT
Weekly Market Wrap Up

Mr. Sameet Chavan
(Chief Analyst-Technical and Derivatives, Angel Broking)
We had a head-start for the inaugural week of the calendar year 2021 on Monday. Nifty opened
higher convincingly above the 14000 mark and kept reaching new milestones as the week pro-
gressed. During the mid-week, markets witnessed small intraday hiccups on the back of some
uncertainty with respect to the political developments in United States. However, things settled
down there in the latter half of the week, which rejuvenated the US markets. Hence, the smart rally
in Nifty on Friday was mainly triggered by the overall global optimism. This has been one of the
biggest as well as longest relentless rallies in the history of Indian markets. Those who missed the
bus, are completely furious and at the same time, the set of contrarian traders also must have gone
for a toss. Honestly, as a momentum trader, such rallies becomes extremely difficult to trade; be-
cause whenever the short term tide reverses, it will catch lot of complacent traders on the wrong
foot. Nobody knows when it’s going to happen and till the time we do not see any major reversal
signs, better to be with the flow by following strict money as well as risk management.
As far as levels are concerned, we are in an uncharted territory and hence, it’s better to go one
step at a time. For the coming week, the immediate levels can be seen around 14400 - 14550;
whereas on the lower side, the cluster of supports can be seen at 14300 - 14150 - 14000. The first
sign of real weakness would come only below 14000 - 13900. At present, the ideal strategy for
traders would be to focus on individual stocks by following a strict exit strategy. We would also
advocate booking partial profits in this rally and avoiding aggressive leveraged positions.”
Buy... Buy... Buy on Dips Hold Sell on High

ITDC 337.00 Bajaj Auto 3532.00 Dr. Lalpath 2407.00
Balrampur Chini 172.00
SCI 88.00 Torrent Pharma 2851.00 Aarti Ind. 1317.00
Deepak Fert. 165.00
Madras Fert. 25.00 J.K. Cement 2248.00 Indo Edge 5418.00
Fortis HC 175.00
FACT 76.00 Multibase India 184.00 Kotak Bank 1970.00 Aurobindo Ph. 945.00
Walchandnagar 69.00 TVS Motors 513.00 Deepak Nitrite 1055.00 HPCL 225.00
J & K Bank 26.00 MOIL 150.00 HDFC 2633.00 ITC 201.00
Uttam Sugar 105.00 Vedanta 182.00 Torrent Power 335.00
Infosys 1296.00
Ashok leyland 112.00 PC Jew. 28.00
IRB 114.00 Asian Paints 2793.00
Dwarikesh Sugar 31.00 HCL Techno 994.00 Canara Bank 131.00
Titan 1584.00
SPIC 26.00 HDFC Life 716.00 Sadbhav Engg. 62.00
D-Mart 3113.00
Mishra Dhatu 201.00 I.B. Real 86.00
Financial Weekly

January 2021 11
INVESTMENT
Smart Education : Ankit Gala : buzzpublishing@gmail.com

Financials of Finanial Services Company - Part 3
Last week we understood some of the key parameters and financial ratios which we need to
study and analyze bank and NBFC stockslike Net Interest Margin, Operating Profit Margin, Other
Income to Total Income, etc. and again this week we shall try to understand some of the remaining
parameters and financial ratios.
In this article we shall try to understand Credit to Deposit (CD) Ratio and CASA Ratio.
Credit to Deposit (CD) Ratio:
Credit-deposit ratio is the ratio of how much a bank lends out of the deposits it has mobilized.
This ratio helps in assessing a bank's liquidity and indicates its health. If the ratio is too low,
bank may not be earning as much as they could be. If the ratio is too high, it means that bank might
not have enough liquidity to cover any unforeseen fund requirements, may affect capital adequacy
and may cause asset-liability mis-match.
The Reserve Bank of India (RBI) does not stipulate a minimum or maximum level for this ratio.
CD Ratio = Total Advances / Total Deposits
CASA Ratio(Current and Savings Account Ratio):
CASA ratio of a bank is the ratio of deposits in current and saving accounts to total deposits.
If CASA ratio is higher than it indicates a lower cost of funds, because banks do not usually give
any interests on current account deposits and the interest on saving accounts is usually very low 3-
4% which leads to higher net interest margin.
If a greater part of a bank's deposits comes from these funds, it indicates that the bank is getting
those funds at a relative lower cost.
CASA Ratio = CASA Deposits / Total Deposits
Next week we shall see some other remaining important paramaters and ratios.
To learn Fundamental Analysis you can read the book Fundamental Analysis of Shares by
Ankit Gala &Khushboo Gala. Book is available in English, Gujarati and Marathi.
Financial Weekly

January 2021 12
INVESTMENT
SMART PHARMA
By Vijaya Kittu M, GetPaidIndia.com
The author feels that investors need to study sectoral trends from time to time. He is on
WhatsApp at +91 98495 19188
1. Recovery in the Pharma stocks after almost five years is getting reflected in almost all pharma
stocks. NIFTY Pharma Index gave 63 percent returns in the past 1-year. Its 10-year return is
at 10.7 percent CAGR.
2. Bird flu scare is reported in four Indian states and is causing concern though no human
transmission incidents were reported yet. The central government has set up a control room
for the purpose.
3. FMCG firms are saying that it takes years for them to impart new habits for Indian consumers.
The vegetable and fruit disinfectant products launched during the COVID pandemic got a
mere 0.7% response from metro households. The disinfectant product launched penetrated 2
percent. Of course, WHO said that COVID does not transmit from food items such as fruits
and vegetables.
4. The Health Ministry of the central government uses social media to check rumors and
disseminate the correct and right information as India is getting ready for a mass vaccination
drive. Serum Institute of India and Bharat Bio have fought against each other in public but
later issued a joint statement claiming peace. The two agreed to progress in the vaccination
program.On January 3, 2021, DCGI gave the emergency licensure to the vaccine.
5. Serum Institute of India said the cost of vaccine built by AstraZeneca and the University of
Oxford would be Rs. 300 through the Government and Rs. 600 in the private market. The
Serum Insititute of India is the world's largest vaccine manufacturer.
6. Zydus Cadila received approval from the DCGI to start Phase III Clinical Trial of ZyCoV-D- a
fully indigenously developed vaccine. The Vaccine Technology Centre of the company is
working on making vaccines for various unmet needs. It also has a strong pipeline of vaccines
for MMRV, papillomavirus, Hepatitis A, and E.
COMPANY NAME STOCK CHARACTERISTICS
Ajanta Pharma Good Quality, Medium Risk, High Return, High Beta Expensive Star
Aurobindo Ph. Good Quality, High Risk, High Return, Low Beta Strong Performer
Cadila Healthcare Good Quality, Medium Risk, High Return, Medium Beta Expensive Star
KWJ Webinar Sessions

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Introduction to Investing & Trading - Saturdays of February 2021
Printed study for future reference
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Financial Weekly

January 2021 13
INVESTMENT
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Financial Weekly

January 2021 14
INVESTMENT
SMART
BUY OF THE WEEK
Dark Horse
Dark Horse-1
ARO GRANITE INDUSTRIES LTD
(513729 & NSE) (58) (Face Value Rs.10)
ARO Granite Industries started operations
as a 100% Export Oriented Unit in 1991 for
Particulars 3 Months Ended
processing Polished / Flamed Granite Tiles
Q2FY21 Q2FY20 % Var.
Sales 46.74 43.30 8%
& Slabs. The company exports its products
PBT 6.77 4.40 54%
to North America, South America, Europe
PAT 1.89 0.08 2263%
and Far East markets. Aro has granite pro-
cessing plant in Hosur, near granite hub of
India, as well as Chennai Port. In its plants it
has processing facilities for Granite slabs,
Granite Tiles and Cut to Size blocks. It has
state of the art Machines imported from world
class suppliers. The Company has an in-
stalled capacity of 7,35,000 sq mtr for Granite slabs and 3,60,000 sq mtr for Granite tiles. It has also
an 11,000 sqm warehouse near to its current processing unit in Hosur. This warehouse has a
storage capacity of 20,000 slabs. Its initiative to start plant in Jaipur has been quite successful
and it accounted for 21% of its total business in H1 FY2021. Company is setting up process-
ing facility for Quartz in its existing plant in Hosur with capacity of 180,000 m2 per Annum in
the first phase.
It has an equity base of just Rs.15.30 crore that is supported by reserves of around Rs.168 crore.
It has a share book value of Rs.120 & price to book value ratio is just 0.48x which is impressive.
The Promoters hold 41.06% while the investing public holds 58.94% stake in the company. Ace
investors Dilip Lakhi holds 10.27%, Bharat Pitti holds 2.39%, Amit Jain holds 1.24% and
Sangeetha S holds 1.31% stake in this company.
During Q2FY21, its PAT soared 2263% to Rs.1.89 crore from Rs.0.08 crore in Q2FY20 on 8%
higher sales of Rs.46.74 crore fetching an EPS of Rs.1.24.
The new plant of Company in Jaipur is already started and this plant will reduce the transporta-
tion costs of blocks sourced from Rajasthan in coming days.
Investors can accumulate this stock with a stop loss of Rs.46. It may give very good re-
turns in medium to long term. Cont....
Financial Weekly

January 2021 15
INVESTMENT
Dark Horse-2
HALDYN GLASS LTD (515147) (36)
(Face Value Re.1)
Beneficiary from COVID 19 vaccination
Now due to corana vaccines big opportunities may come
for haldyn glass at national & international level
Incorporated in 1991, Haldyn Glass Lim- Particulars 3 Months Ended
ited manufactures and sells glass HALD Q2FY21 Q1FY20 % Var.
bottles and containers in India and interna- Sales 47.71 26.89 77.43%
tionally. It provides glass vials of various Op. Profit 7.76 0.09 8522.22%
shapes and sizes for packaging injectibles, PAT 1.85 -3.03 -
eye-drops, ear-drops, and other lifesaving
drugs for the pharmaceutical industry; and
clear bottles for packaging in the liquor manu-
facturing, cosmetics, and food and beverages
industries. Currently it has total melting ca-
pacity 320 tons per day comprising of two
Glass Melting Furnaces (220 + 100 tons per day capacity) and 10 I.S. machines which gives them
leverage over the competition in manufacturing a very wide range of containers from 10 ml to 1000
ml. The I.S. machines are capable of producing 1.5 million high quality containers every day.
It has an equity base of just Rs.5.38 cr. that is

supported by huge reserves of around Rs.155 cr.
(which is 29 times higher than equity) It has a share
book value of Rs.29.7 & price to book value ratio
works out at 1.2x. The promoter holding in HGL is
56.71%, other DIIs hold 3.07% while the investing
public holds 40.18% stake.
For Q2FY21, its PAT stood at Rs.2.82 crore on
sales of Rs.47.71 crore fetching an EPS of
Rs.0.53.
It has paid 60% dividend for FY20.
Investors can accumulate this stock with a
stop loss of Rs.30. It may give very good re-
turns in medium to long term.
Financial Weekly

January 2021 16
INVESTMENT
TOP 15 Super Duper recommendations of

SMART BUY OF THE WEEK (SMART DARK HORSE)
Recomm. Date Stocks Recomm. High Price Appreciation
Rate After (%)
Recomm.
11th May 20 RAMA PHOS 31.7 110 247%
8th June 20 KRITI IND 17 51.1 201%
6th July 20 TERA SOFTWARE 25 72.5 190%
18th May 20 SREE RAYALASEEMA 98.4 273.8 178%
18th May 20 ADVANCED ENZYME 157 385 145%
25th May 20 SINGER INDIA 24 51.25 114%
15th June 20 CAPRIHANS 48 100 108%
11th May 20 NAVKAR CORP 23.9 49.5 107%
21st September 20 VETO SWITCH 46.35 94.25 103%
4th May 20 APOLLO MICRO 71 142.9 101%
20th July 20 GANESH BENZO 38.45 76.5 99%
1st June 20 WPIL LTD 348.3 674.9 94%
14th September 20 MARATHON NEXTGEN 56.5 107.95 91%
27th July 20 SHIVA GLOBAL 28.6 54.45 90%
2nd November 20 PIX TRANSMISSION 143 267 87%
FIPs are highly bullish on Indian Market

Economy is reviving very fast than the expectations,
Therefore 2021 will become
GOLDEN YEAR for equity market
Many stocks will give multibagger opportunity
To know the Stock and details
Join Equity99 Telegram Channel:
http://t.me/equity99
Financial Weekly

January 2021 17
INVESTMENT
Stock Buzz
Subramanian Mahadevan
dolphincapital@gmail.com
NLC India Limited (Rs.55):

'Black' Coal !
NLC India Limited (NLC) -a NAVRATNA company under the Ministry of Coal with operations
license since 1956 - 63 years of its glorious existence and formerly Neyveli Lignite Corporation
Limited, is a government-owned lignite mining and power generating company in India. NLC oper-
ates the largest open-pit lignite mines in India, presently mining 30.6 MTPA of lignite and has an
installed capacity of 4287.5 MW of electricity. It also supplies a large quantity of sweet water to
Chennai from the artesian aquifers in the lignite mines. NLC huge planned capacity addition in-
cludes - mining (26.3 MTPA of Lignite and 31.5 MTPA of Coal) and power generation (lignite
based - 2400 MW, coal based - 5940 MW, solar - 3990 MW, wind - 213.5 MW and acquisition of
power assets - 3000 MW) with projected capital expenditure (up to 2025) of around 1.24 Lakh crore
considering a debt-equity ratio of 70:30. One of the cheapest and safest bet in the current market
scenario considering its - navaratna status, promoter holding of around 80%, assured fuel supply
for power generation for another three decades minimum, great dividend yield and huge cash on
its books. Accumulate for excellent double digit returns within two years' time frame and benefit
from participating in the power story of India.
Bajaj Consumer Care Limited (Rs.222)

Golden Drops!
Bajaj Consumer Care Limited (BCCL) -formerly called as Bajaj Corp Limited, is one of India's
leading FMCG Company with major brands in Hair Care category with brands like Bajaj Almond
Drops, Bajaj Brahmi Amla, Bajaj Kailash Parbat and Bajaj Amla Shikakai available in the market
for over eight decades. 'Bajaj Almond Drops' hair oil is touted as the 3rd largest brand in the overall
hair oils segment. BCL's market share in rural India is 63.4% and has created a strong distribution
network across 3.69 million retail outlets serviced by 7392+ distributors and 16000+ wholesalers.
Widening its product portfolio, BCL acquired 'NOMARKS' brand in August 2013 to mark an entry
into the skin care segment gaining additional opportunity to play in 8500+ crore Personal Care
market. On a tiny equity of 14.75 crore, BCL closed FY19 on a promising note with revenues of
926.89 crores and a net profit of 225.82 crore. BCCL posted a 1.6% rise in consolidated net profit to
Rs 56.92 crore on a 4.3% rise in net sales to Rs 223.37 crore in Q2 September 2020 over Q2
September 2019.Consolidated profit before tax (PBT) stood at Rs 69 crore in Q2 September 2020
(Q2 FY21), increasing 7.1% from Rs 64.44 crore in Q2 September 2019 (Q2 FY20). On a standalone
Cont.....
Financial Weekly

January 2021 18
INVESTMENT
basis, net profit was flat at Rs 57.25 crore in Q2 FY21 as against Rs 57.29 crore in Q2 FY20. Bajaj
Consumer's urban markets continued to be under stress due to COVID however the international
business and rural markets remained stable with recovery in Q2 due to ease of restrictions. The
van operations have helped scale up rural business. Promoter pared their holding to less than
38% to reduce debt significantly besides hiring a new CEO from Pepsi Inc to grow the business.
Excellent dividend distribution ratio, marquee brands in Hair and Skin care segment, market lead-
ership with positive cash flows are huge positives. BCCL is a strong bonus candidate and has the
ability to generate 200 crore cash every year and is attractively priced offering tremendous value
for multi-bagger returns in years to come. Strong buy on every declines.
- Subramanian Mahadevan
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
NFL 523630 41.00 M&M 500520 770.00
IDFC First Bank 539437 44.40 Relaxo Foot. 530517 891.00
GSFC 500690 84.00 Voltas 500575 903.00
Indian Bank 532814 87.00 Tech Mah. 532755 1050.00
ITD Cementation 509496 72.00 Endurance 540153 1412.00
NMDC 526371 125.00 Godrej Prop. 533150 1463.00
Ahluwalia Co. 532811 264.00 BATA India 500043 1648.00
Bharat Dyn. 541143 345.00 Pidilite 500331 1819.00
Marico 531642 424.00 Reliance Ind. 500325 1933.00
Cadila HC 532321 489.00 Crisil 500092 1952.00
Tata Chem. 500770 499.00 PI Industries 523642 2340.00
Bharti Air. 532454 540.00 Jubilant Food 533155 2912.00
Sun Pharma 524715 620.00 TCS 532540 3120.00
Motilal Oswal 532892 656.00 HDFC AMC 541729 3135.00
Axis Bank 532215 672.00 Hero Moto 500182 3159.00
Ingersoll Rand 500210 746.00 Maruti Suzuki 532500 8015.00
Financial Weekly

January 2021 19
INVESTMENT
- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789
Nifty Overview : In Last Trading Session, Nifty closed at 14375. Nifty is overbought but it still
looks positive. Never Ever, I have seen Nifty moving in such manner, making new highs without
any remarkable correction. Nifty looks positive but highly due for correction. Stay in buy side with
cautious approach. Nifty Support remains at 13690 levels while resistance is at 14770 levels.
Bank Nifty Overview : In Last Trading Session, Bank Nifty closed at 32164. Bank Nifty is at
resistance but it seems to be consolidating and there are chances of fresh upside again. Bank Nifty
support is at 31030 while upside can be till 33600/33000 levels.
Trading Results
Scrip Name BSE Code Buy / Enter at Did High/ Remarks
Sell Low
Akshar Chem 524598 Buy 261 299 Target Achieved
Arvind Fashions 542484 Buy 154 174 Target Achieved
Canara Bank 532483 Buy 129 137.9 Target Achieved
Coal India 533278 Buy 134.4 141.6 Did High
IBulsHsgFin 535789 Buy 216.4 251.4 Target Achieved
Jai Corp 512237 Buy 91.70 97.70 Did High
RBL Bank 540065 Buy 231.25 273.75 Target Achieved
Adani Ports 532921 Sell 528.75 518 Almost 1st Target
Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Akshar Chem 524598 291 275/280 295 315 265
Arvind Fashions 542484 167 150/154 170 190 138
Canara Bank 532483 134.55 128/132 138 145 124
Coal India 533278 136 132/136 145 155 128
Glenmark 532296 518 500/505 525 545 485
IIFL 532636 115 108/112 120 130 104
Jagran 532705 45.5 38/42 48 55 35
Sadbhav Engg 532710 62 58/62 67 75 52
Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Adani Ports 532921 518 535/540 524 505 552
Apollo Hospital 508869 2559 2665/2680 2645 2625 2705
Chola Fin 511243 432.6 442/448 432 412 456
Mindtree 532819 1748 1775/1790 1750 1720 1805
Wipro 507685 428 438/445 425 405 455
Note : All calls are momentum calls based on technical analysis and all levels as per future prices (If scrip not available in futures then BSE Cash price).
All these calls are given based on daily charts but intra-day signals are equally important to enter the trade in a timely manner. Timing is very important and we
at shareinfoline.com give you timely calls based on intra-day charts. Read Disclaimer at ShareInfoline.com
Financial Weekly

January 2021 20
INVESTMENT
TECHNICAL TALK
Dhananjay Kadam - TECHNICAL ANALYST
Corrections Are Temporary, Growth Is Permanent

“Every once in a while, the market does something so stupid it takes
your breath away.” – By Jim Cramer
* Closing Bell...!!! (08-Jan-2021)

Sensex At Record High, Surges 689 Points; Nifty Ends
Near 14350; Maruti Climbs 6%; IT, Auto Steal The Show.
Nifty : 14347 (+210)
Sensex : 48783 (+689)
Nifty Bank : 32084 (+128)
Nifty IT : 26162 (+911)
Gold : 50170 (-734)
Silver : 68283 (-1679)
Crude Oil : 3753 (+15)
Natural Gas : 195 (-6)
$/Rs. : 74.84
Top Gainers : INGERRAND, RVNL, ELGIEQUIP, BHARATRAS
Top Losers : ADANIGREEN, NAVINFLUOR, ESABINDIA, STAR
Most Active : RELIANCE, MARUTI, TCS, WIPRO
Advances : 1058
Declines : 846
Unchanged : 318
* Blockbuster numbers from TCS again. Exactly in

line with estimates.
TCS reported revenue of INR420.1bn vs our estimates of INR418.3bn and Street Estimates of
INR412.3bn
Margins were also very strong at 26.6% compared to our estimates of 26.0% and Street Esti-
mates of 25.4%
PAT at INR87.3bn was in line with our expectations but above Street estimates.
Constant revenue growth of 4.1% QoQ also beat Street expectations convincingly.
Cont...
Financial Weekly

January 2021 21
INVESTMENT
TCS 3rd Interim dividend- 6 Rs /EQ share (FV 1)
* Prov Figs as on 08-Jan-'21 (in Crs)
FII/FPI : +6029.83
(13171.18 - 7141.35)
DII : - 2372.54
(4792.7 - 7165.24)
* Nifty : The Nifty50 opened higher and gradually extended gains to close above the
14,300-mark for the first time on January 8. Auto, IT, pharma and select banking & financials and
FMCG stocks led the rally. Positive global cues amid economic recovery hopes also supported the
rally. The Nifty50 opened strong at 14,258.40 and maintained an upward rally to touch a new high
of 14,367.30. The index climbed 209.90 points, or 1.48 percent, to end at a record closing high of
14,347.30. Experts feel if the current momentum sustains, the Nifty can go beyond 14,500 in the
coming sessions.
The index formed a bullish candle on the daily as well as weekly charts as the closing was
higher than the opening levels. The index gained 2.3 percent for the week.
* India VIX was marginal up by 0.10 percent from

20.62 to 20.64 levels.
* Nonfarm payrolls decreased by 140,000 jobs last month, the Labor Department said on Friday.
Data for November was revised up to show 336,000 jobs added instead of 245,000 as previously
reported. That was the first decline in payrolls since April. The economy has recovered just over
half of the 22.2 million jobs lost in March and April.
The unemployment rate was at 6.7% in December. Despite the labour market weakness, the
economy is unlikely to fall back into recession, with a backstop of nearly $900 billion in additional
pandemic relief approved by the government last week. More fiscal stimulus is expected now that
the Democrats have gained control of the Senate, boosting the prospects for President-elect Joe
Biden's legislative agenda. Congress on Thursday formally certified Biden's election victory hours
after hundreds of President Donald Trump's supporters stormed the US Capitol.
* New business premiums saw a 3 percent year-on-year (YoY) decline in December 2020 led
by a 14.9 percent decline in first-year premiums for Life Insurance Corporation of India (LIC).
The first year premium collections stood at Rs 24,383.42 crore for December 2020. For the April
1-December 31 period, the premiums saw a 1.7 percent YoY decline to Rs 1.91 lakh crore for life
insurers.
Private life insurers, on the other hand, saw a 22 percent YoY growth in new premiums in De-
cember. Among the listed insurers, HDFC Life saw a 27 percent YoY growth to Rs 1,910.27 crore
in December.
ICICI Prudential Life saw a 32 percent YoY growth in new premiums to Rs 1,469.45 crore in
December. SBI Life Insurance saw a 12 percent YoY growth in new premiums to Rs 2,322.44 crore
in December.
LIC saw a 14.9 percent YoY decline in new premiums in December to Rs 14,345.7 crore. This
was primarily on account of 86.8 percent decline in group regular premiums. Individual regular
premiums grew 1.9 percent while individual single premiums grew 53 percent.
Cont...
Financial Weekly

January 2021 22
INVESTMENT
The life insurance sector has stayed under pressure ever since the Coronavirus outbreak and
nationwide lockdown in March 2020. While green shoots were visible from July onwards, the in-
dustry started seeing degrowth again from November.
* Source (PTI) The country's foreign exchange reserves surged by $4.483 billion to touch a
record high of $585.324 billion in the week ended January 1, RBI data showed on Friday.In the
previous week ended December 25, the reserves had declined by $290 million to $580.841 billion.
In the reporting week, the increase in reserves was on account of a rise in foreign currency
assets (FCAs), a major component of the overall reserves.
FCAs climbed by $4.168 billion to $541.642 billion, weekly data by the Reserve Bank of India
(RBI) showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or de-
preciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves rose by $315 million to $37.026 billion in the week ended January 1, as per the
data.
The special drawing rights (SDRs) with the International Monetary Fund (IMF) remained un-
changed at $1.510 billion.
The country's reserve position with the IMF stood at $5.145 billion, same as the previous week.
* In 2021-22, the Indian economy may grow at 8-11.5 percent at constant prices, and 11.5 per-
cent with current prices, economists believe.
D K Srivastava, chief policy advisor, EY India, estimates Gross Domestic Product (GDP) growth
at constant prices at 8 percent in 2021- 22, a Business Standard report said.
* Nifty Auto index has given a fresh Breakout.

# Mahindra and Mahindra Limited (Last close Rs 770) : Mahindra
& Mahindra is an India-based mobility products and farm solutions provider. The Company's seg-
ments include Automotive, Farm Equipment, Financial Services, Real Estate, Hospitality and Oth-
ers. Automotive segment comprises the sale of automobiles, spares, mobility solutions and con-
struction equipment.
Market Cap Rs. 95,788 Cr.
Face Value Rs. 5.00
52 Week High / Low : Rs. 773 / 245
Stock P/E : NA
Book Value : Rs. 322
Dividend Yield 0.30 %
ROCE 8.23 %
ROE -1.79 %
* Company has been maintaining a healthy dividend payout of 77.77%
Technicals : Bullish Flag breakout on weekly chart. One can buy and hold in the
range of Rs 755 - 770. Price target is Rs 880. Stop-loss is Rs 730 on weekly closing basis. Time
frame is 6 weeks.
Cont...
Financial Weekly

January 2021 23
INVESTMENT
# Birlasoft (Last close Rs 264) : It is engaged in the Computer programming,

consultancy and related activities.
Market Cap Rs. 7,331 Cr
Face Value Rs. 2.00
52 Week High / Low
Rs. 276 / 46.7
Stock P/E 27.4
Book Value ? 72.4
Dividend Yield 0.76 %
ROCE 18.2 %
ROE 12.1 %
* Company is almost debt free.
* Company has been maintaining a healthy dividend payout of 20.53%.
* Debtor days have improved from 104.84 to 82.09 days.
Technicals : Bullish Flag breakout on daily chart. One can buy and hold for a price
target of Rs 315. Stop-loss is Rs 253 on daily closing basis. Time frame is 11 days.
Buy or Sell, Confused ?

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Financial Weekly

January 2021 24
INVESTMENT
Techno Funda Sachin Shah :

growyourwealthwithsachin@gmail.com
(Mumbai)
sound stocks M. : 9372144204
Stylam Industries Limited

(526951 & NSE) (952.7) (FV 10)
Stylam is a fast-growing Indian laminate company having Asia's largest infrastructure and manu-
facturing unit producing a diverse product portfolio catering to a wide range of customer prefer-
ences. Manufacturing laminates since 1991, building a credibility of over 29 years in the industry,
Stylam has pan-India channel partners and a vast global presence across over 65 countries. Com-
pany is a pioneer in India for introducing the PU+ Lacquer Coating process thereby producing high
quality, value added laminate finishes. Apart from laminates, Company has state of the art tech-
nologies and manufacturing facilities for Solid Acrylic Surfaces and Panels. Company has also
entered new a segment and added short cycle press for lamination of impregnated paper on Me-
dium Density Fibre (MDF) panels.
For Q2FY21 the company maintained sales at Rs.115 crores as against sales of Rs.117 crores,
it reduced expenditure to Rs.96 crores from Rs.104 crores whereby operating profit grew by 22% to
Rs.24 crores in Q2FY21 from Rs.20 crores in Q2FY20. PAT rose to Rs.14 crores in Q2FY21 from
Rs.11 crores which is almost 29%. Company's PAT has jumped in pandemic time which clearly
indicates the quality of the management.
Technically Speaking : Technically stock has crossed multiyear peaks formed between 2016
and 2019. The ADX, MACD, PARABOLIC SAR and SUPER TREND are in buy mode on monthly
charts and trading well above the 26 MEMA. Stock is trading at 950, accumulate on dips for target
of 1150 in the next 12 to 15 months.
Cont...
Financial Weekly

January 2021 25
INVESTMENT
Terrific Shots - Dilip K. Shah
Godrej Consumer (Rs. 750.00) (Code: 532424)

The company with presence in India, Asia, Africa, Latin America and Europe, owns popu-
lar brands like Good Night, Godrej Expert, Godrej No.1, Cinthol, Heat, etc. The FMCG sector
is likely to get big opportunities in future and the company may benefit from it. It has acquired
many companies in foreign countries. In September quarter, the company's income increased
from Rs. 2630 crore to Rs. 2915 crore, while profit increased from Rs. 414 crore to Rs. 458
crore. The stock may give handsome returns in next 2-3 years. The stock is being quoted at
attractive rates compared to its peers in the market. The company's performance may im-
prove in the second half of the year. It may give good returns in long term.
Bajaj Holdings (Rs. 3118.00) (Code: 500490)

It was earlier known as Bajaj Auto Ltd and got demerged in 2007. The company holds 51%
stake in Maharashtra Scooter and has other investment of more than Rs. 8000 crore. It is a
NBFC which does not accept deposits. In the first half of FY2021, the company's net profit
decreased from Rs. 1698 crore to Rs. 1551 crore. The company's total holding value is Rs.
75180 crore, which is currently priced at Rs. 1 lakh crore. The company is dependent on
Bajaj Auto and Bajaj Finance. The company's domestic sales and exports have come down
due to CORONA pandemic. However, the shares of both companies are likely to increase by
20%. There is a strong possibility of the stock prices crossing Rs. 4000 crore mark with 30%
upside withing a year.
Birla Corp (Rs. 754.00) (Code:500335)
It is a leading group company of MP Birla Group which is mainly active in cement produc-
tion. It also produces jute goods, PVC floor covering, Auto Trim Part, Iron and Steel Casting.
As against equity of Rs. 77.01 crore, the company has reserves of Rs. 4729 crore. The
promoters hold 62.90%, while public hold 37.10% stake in the company. In the first half of
FY2021, the company's income decreased from Rs. 3510.67 crore to Rs. 2876.22 crore,
while profit increased from Rs. 228.96 crore to Rs. 232.39 crore. It acquired Reliance
Infrastructure's cement business at cost of Rs. 4800 crore taking its capacity from 10 MTPA
to 15.5 MTPA. It paid 75% dividend for FY2020. The stock is being quoted at price to book
value of only 1.15 giving opportunity to invest at lower level.
NESCO (Rs. 577.00) (Code: 505355)
The engineering company set up in 1939 is active in real estate, Railway, forging plant and
ordinance factory products. It owns 70 acre property on Western Express Highway. It man-
ages property in Parel, Santacruz and Bhaikula. The company's performance is stable for
quite sometime. As against equity is Rs. 14.09 crore, the company has reserves of Rs. 1343
crore. The company is debt free. In September quarter, the company's income decreased
from Rs. 121 crore to Rs. 64 crore, while profit decreased from Rs. 74 crore to Rs. 32 crore.
The company pays good dividend and it leases out property and also manages property. It
paid 150% dividend for FY2020.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this stocks • I/My family have no financial
interest or beneficial interest of more than 1% in the company whose stocks I am recommending • Stop loss is useful for Short / Medium Term investor Only • Smart Investment will not be responsible / liable
for any loss arising out of investment based on tis advices • Past performance may or may not be substainedin future "
(Dilip K. Shah) Research Analyst SEBI Regn No. : INH000002152
Financial Weekly

January 2021 26
INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
Important Support for

Index at 48200 and Nifty Future at 14170
BSE Index (48782.51) :- It is moving upward from bottom of 44923.08. It shows over-
bought position on daily, weekly and monthly basis. On upward movement, beyond 48855 it may
go up to 49050, 49550, 50050 and 50600. On downward movement, below 48510 it may get sup-
port at 48200 and 47800. The market is in danger zone.
Bank Nifty Future (32166.20) :- It shows improvement from bottom of 29000.10. It
shows overbought position on daily, weekly and monthly basis. On upward movement, beyond
32340 it may go up to 32774, 33300 and 33820. On downward movement, below 32000 it may get
support at 31750 and 31500.
Nifty Future (14375.15) :- It shows improvement from bottom of 13155.15. It shows
overbought position on daily, weekly and monthly basis. On upward movement, beyond 14380 it
may go up to 14410, 14560, 14712, 14865 and 15000. On downward movement, below 14270 it
may get support at 14170 and 14000.
I.B.Housing Finance (241.00) :- It shows upward movement from bottom of 173.50. It
shows overbought position on daily and weekly basis, while towards overbought position on monthly
basis. On upward movement, beyond 250 it may go up to 256 and 263. On downward movement,
below 226 it may get support at 223.
M&M Finance (189.95) :- It shows improvement from bottom of 158.15. It shows over-
bought position on daily, weekly and monthly basis. On upward movement, beyond 202 it may go
up to 211, 222, 233 and 244. On downward movement, below 189 it may get support at 182.
PEL (1524.00) :- It shows improvement from bottom of 1282. It shows towards overbought
position on daily, weekly and monthly basis. On upward movement, beyond 1542 it may go up to
1570, 1594 and 1620. On downward movement, below 1516 it may get support at 1490 and 1464.
PNB (35.40) :- It shows improvement from bottom of 31.40. It shows overbought to neutral
position on daily basis, while oversold on weekly and monthly basis. On upward movement, be-
yond 37 it may go up to40, 43, 47, 51 and 54. On downward movement, it may get support at 38.
SUN TV (527.90) :- It shows improvement from bottom of 440.20. It shows overbought
position on daily, weekly and monthly basis. On downward movement, below 503 it may get sup-
port at 495.
Disclosure : The Recommendations are based on technical analysis. There is a risk of loss in trading.
Golden quote :-
Common Sense is not so common
Financial Weekly

January 2021 27
INVESTMENT
Dilip Davda
e-mail Expert’s Eye
dilip_davda@rediffmail.com
First week of CY21 marks new highs

Will history of 2008 Jan will get repeated ?
The week under report market gap up opening and although it witnessed corrections for Wednes-
day and Thursday, major gains of Monday and mega score of Friday kept the week in green zone.
FIIs continued to be the net buyers for the week except for Wednesday helped market not only to
sustain the northward march, but also posted new higher milestones for intraday and closing. In
fact they bought heavily on Friday (last session of the week). Current rally in market is attributed to
surprisingly rising liquidity despite pandemic.
In fact Friday session posted new intraday and closing highs for both benchmarks and the date
was 08th January 2021. If we recall doom of January 2008, it marked all time high closing on 08th
Jan 2008 and then we all know the history of mega slide. Will it get repeated this time is a million or
rather trillion dollar question. Let us wait and watch. According to many analysts, market has
turned expensive at the current levels and it will be very risky if major correction is not witnessed in
near term.
For the week, benchmarks moved in the range of 48854.34 - 47594.47 for BSE Sensex and
14367.30 - 13953.75 for NSE Nifty.
The first week of CY 2021 marked GAINs of 913.53 points for BSE Sensex and 328.75 points for
NSE Nifty.
BONUS MEET With a gap up openings on Monday, markets

Sacheta Metal : 16-1-2021
traded both sides and finally ended the session in green
with good gains. BSE Sensex scored 307.82 points to close
During the week
at 48176.80 and NSE Nifty gained 114.40 points to end
DIVIDEND announcement
the day at 14132.90. Following reports of Corona vaccine
Cochin Shipyard (90%),
arrival global markets witnessed rally and we too partici-
TCS (600%)
pated. Metal, Auto and IT counters lead the rally and got
support from fancy counters in pharma, cement and Oil and
RIGHT ISSUE
Gas. Mid and Small cap indices outperformed benchmarks
Urja Global
and kept market breadth positive. FIIs were net buyers while
rights issue at a price of
DIIs were net sellers for the day.
Rs. 5 per share in the ratio
of 7 shares for every 71 On Tuesday, markets opened lower amidst glo-
shares held. Cont....
Financial Weekly

January 2021 28
INVESTMENT
bal uncertainties following stringent lockdown announcements by many European countries. After
moving both sides, market managed to close in green with renewed support from bulls and fund
houses. BSE Sensex gained 260.98 points to end the day at 48437.78 and NSE Nifty scored
66.60 points to close at 14199.50. Banking, Consumer Durables and IT counters lead the rally.
Metal counters witnessed profit booking at higher levels. Mid and Small cap indices outperformed
benchmarks and kept market breadth positive. FIIs were net buyers while DIIs were net sellers for
the day.
With a firm opening on Wednesday we marked slide in the markets that finally lead
session to close in red. BSE Sensex lost 263.72 points to close at 48174.06 and NSE Nifty marked
deficit of 53.25 points to end the day at 14146.25. However, markets managed to rise from the low
of the day. Though benchmarks posted new intraday high, profit booking in FMCG, IT overshadow
surge in Banking, Metal, Consumer Durables and kept market in red zone at the end of session.
Capital Goods marked mixed trends. Though Mid and Small cap indices outperformed bench-
marks, market breadth turned marginally negative. FIIs and DIIs were the net sellers for the day.
Although markets marked gap up openings on Thursday, after moving both sides ses-
sion finally ended flat but in red. BSE Sensex marked deficit of mere 80.94 points to end the day at
48093.32 and NSE Nifty lost just 8.90 points to close at 14137.35. Following firm trends at LME,
Cont....
Nifty & Sensex Movement during the last week

BSE-Sensex Open High Low Close Diff
04/01/2021 48,109.17 48,220.47 47,594.47 48,176.80 307.82
05/01/2021 48,037.63 48,486.24 47,903.38 48,437.78 260.98
06/01/2021 48,616.66 48,616.66 47,864.14 48,174.06 -263.72
07/01/2021 48,524.36 48,558.34 48,037.87 48,093.32 -80.74
08/01/2021 48,464.91 48,854.34 48,365.58 48,782.51 689.19
Net Weekly Gains 913.53
NSe - Nifty Open High Low Close Diff
04-Jan-21 14104.35 14147.95 13953.75 14132.9 114.4
05-Jan-21 14075.15 14215.6 14048.15 14199.5 66.6
06-Jan-21 14240.95 14244.15 14039.9 14146.25 -53.25
07-Jan-21 14253.75 14256.25 14123.1 14137.35 -8.9
08-Jan-21 14258.4 14367.3 14221.65 14347.25 209.9
Net Weekly Gains 328.75
Financial Weekly

January 2021 29
INVESTMENT
we marked buying spree on Metal and select Banking counters. However, hammering on IT and
FMCG counters kept market in red at the close.NSE Nifty posted new all time intraday high of
14256.25. Mid and Small cap indices outperformed benchmarks and kept market breadth positive.
FIIs were net buyers while DIIs were net sellers for the day.
With a gap up openings on Friday, markets traded in green zone for the session that finally
ended with sizeable gains. BSE Sensex scored 689.19 points to close at 48782.51 and mirroring
similar trends NSE Nifty gained 209.90 points to end the day at 14347.25. Before that both bench-
marks posted new historic intraday high of 48854.34 and 14367.30 respectively. Thus the week
marked closing at historic high and that too on Friday the 08th January 2021. Seasoned observers
are now keeping the fingers crossed to avoid re-run of January 2008 history. As we all know doom
of 2008 started only after January 08 exactly 13 years before. Both benchmarks marked historic
higher closing of 20873.33 and 6287.85 respectively till then. Buying was seen across the counters.
Surge in select Auto, IT counters with support from fancy scrip in banking, realty, cement, pharma
helped market to post smart gain. Metal and Telecom counters eased on profit booking. Although
Mid and Small cap indices underperformed benchmarks, market breadth remained positive. FIIs
bought heavily in last session of the week. DIIs remain net sellers for the day.
Dollar firmed up a bit to mark Rs.73.40 a Dollar by the weekend. Brent Crude oil surged to mark
$ 55.40 a barrel and compelled oil and gas companies to raise petroleum products prices to a
recent new high. For the ensuing week we have around 85+ corporate results and will keep market
in stock specific mode. Market man has now on radar inflation, economical data and IIP data to
have intermittent triggers for trades. As usual global cues will keep a tab on general sentiment.
Rising tension on Indo-China border, fresh stringent lockdown announcement by many European
countries will have bearing on market trends going forward. As many analysts opine that market
has turned expensive and is very much overdue for a correction to make it stronger for new mile-
stones going forward.
Late Friday eve TCS announced its Q3 performance along with 600% interim dividend. It posted
improved results surpassing expectations of analysts. Market may mirror this on Monday when it
re-opens for trades.
Amidst such conditions with ongoing trends, benchmarks movement is likely in the range of
50000 -46000 for BSE Sensex and 15000-13000 for NSE Nifty for the coming week.
DISCLAIMER : No financial information whatsoever published anywhere here should be construed as an offer to
buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational
and information purposes only and under no circumstances should be used for making investment decisions. Readers
must consult a qualified financial advisor prior to making any actual investment decisions, based on information
published here. Any reader taking decisions based on any information published here does so entirely at own risk.
Above information is based on the details available as on the date along with market perceptions. Investors should
bear in mind that any investments in stock markets are subject to unpredictable market related risks. (THE AUTHOUR
IS SEBI REGISTERED RESEARCH ANALYST)
Financial Weekly

January 2021 30
INVESTMENT
A. K. Asnani
(M) 9893512098
Smart Verc (Bhopal)
Author of Book
Way to Billionaire
Pause….!
More than 90% of fresh investors exit the market with every market crash. As you guessed cor-
rectly, due to losses. Investors suffer loss due to the desire to create wealth fast. In the eagerness
often investors enter into stocks with poor fundamentals and gets trapped.
The best way to overcome this hurdle is to pause…
Pause before judging the market

Market is a group of large number of investors totalling in crores. Your judgement will be tested
against the crores of investors. So be careful before making any judgement. Better not to judge
market and focus on your stocks.
Pause before assuming anything

Economy or market is not a pure science. At times it follows logic and at other doesn't. Better to
create case scenarios and act accordingly.
Pause before reacting sharply

Investor must know when to act in line with the market and when to stand opposite. This ability
to take the stand correctly comes with experience and the skill to find the real worth of the stock.
When your watch list of attractively priced stocks keeps shrinking and still market keeps rising,
then it is a clear indication of over-heating and vice versa.
Pause before accusing the market

Market is always right. Respect Mr Market. It is not the market; it is your actions to be blamed if
any. Market is to be seen as your friend which gives you opportunities to buy cheap and sell dear.
Pause before exiting the market

Exiting the market is easy but where to invest if not stocks?
Because there is no other asset that can match the returns from the market. Analyse your mis-
takes. Change your investment style. Look for techniques used by the stalwarts who created huge
wealth like Warren Buffett, Peter Lynch etc.
Invest right and be patient. It pays, always!

A. K. Asnani
Author | Advisor | Coach | Mentor | Speaker
+919893512098
smartasn@gmail.com
Financial Weekly

January 2021 31
INVESTMENT
Scrip Watch - Siddharth Shah
Cadila Healthcare (Rs. 484.00) (Code : 532321)

Cadila Healthcare share price rose last week after the company received Drug Controller Gen-
eral of India's approval to initiate Phase III clinical trials of its COVID-19 vaccine ZyCoV-D. It will
start the final trials for plasmid DNA vaccine ZyCoV-D as the regulators have already given re-
quired permission. The trial will involve around 30,000 volunteers. ZyCoV-D was found to be safe,
well tolerated and immunogenic in the Phase I/II clinical trials. In an another development, DCGI
has approved Cadila’s new drug application (NDA) for Saroglitazar Mgnesium, a treatment used
for non-alcoholic fatty liver disease (NAFLD). In India, almost 25 per cent-30 per cent of the popu-
lation is estimated to be suffering from NAFLD. So, there is potential market for this medicine. The
stock has hit 52-week high of Rs.499 on 28th December, 2020. Still, it is worth buying.
Bharti Airtel (Rs. 540.00) (Code : 532454)

In a major boost to telecom major Bharti Airtel’s plan to raise foreign ownership limit, the com-
pany has received almost all regulatory approvals required to raise foreign direct investment (FDI)
in its downstream companies. Bharti Airtel has got approval to raise FDI in its payments bank from
the Reserve Bank of India (RBI) and the Foreign Investment Promotion Board (FIFB), the nodal
agency. According to RBI guidelines, the payments bank can raise FDI up to 74 percent.The com-
pany is reportedly planning to enter into a full-fledged lending business by converting its payments
bank into a small finance bank (SFB). Apart from this, the company has got approval from Depart-
ment of Telecom (DoT) to raise FDI in three of its subsidiary’s companies -- Bharti Hexacom, Bharti
Telecsonic and Bharti Teleport. So, more foreign investors will be attracted which might benefit the
company. Buy.
Sobha Ltd. (Rs. 473.00) (Code : 532784)

Bengaluru-based realty firm reported highest-ever quarterly sales volume in Q3. Its total sales
volume in Q3FY21 rose to 11.3 lakh sq ft from 10.7 lakh sq ft in the same period of the previous
fiscal. Sales volume in Q2 stood at 8.91 lakh sq ft. The company's total sales value during the
quarter increased to Rs 887.6 crore from Rs 726.1 crore, yoy. A strong q-o-q uptick in Bengaluru
and continued momentum in Kochi/Gurugram markets has enabled Sobha to cross pre-Covid sales
bookings inspite of minimal launches.The company remains optimistic about its upcoming launch
pipeline of 14.5 msf. Total average price realisation rose to Rs 7,830 per sq ft in the December
quarter as compared to Rs 7,737 per sq ft in Q2. The stock is on fire. Buy this momentum stock.
Kajaria Ceramics (Rs. 727.05) (Code : 500233)

The home improvement sector has seen a huge demand amid the COVID-19 lockdown and the
work from home, including in the rural areas. The demand from non-metros and smaller towns is
robust. The residential market is very strong especially from tier-2, tier-3, and tier-4 towns. The
demand is very strong after the lockdown. It is not only just pent up demand, but looking at the last
five months, the demand continues to be positive. The exports have also gone up from the country
in the last three months. September, October, and November, the exports have gone up by almost
40 percent than what it was last year.
Financial Weekly

January 2021 32
INVESTMENT
Tata Consumer (Rs. 609.00) (Code : 500800)

With demand for immunity products at a high in the coronavirus outbreak, Tata Consumer Prod-
ucts is strengthening its beverages wellness portfolio with two product launches and several oth-
ers in the pipeline. The salt-to-spices conglomerate has introduced a Tulsi green tea and Tata Tea
Gold Care, which is infused with five native immunity boosting ingredients. The 10,000-crore com-
pany has also reformulated its Tetley green tea bag range in India with added Vitamin C and has
relaunched it as Tetley Green Tea Immune. Tata Consumer Products, which currently holds about
21 per cent market share of the Rs 16,000 crore packaged tea market in the country is also piloting
an instant tea offering in two variants of ginger and masala. Stay feet and safe and Buy.
Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm,
his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested
interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based
on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible
for any legal or financial losses made by anybody.
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Financial Weekly

January 2021 33
INVESTMENT
Market Tips - Het Zaveri
Varun Beverages (Rs. 990.00) (Code : 540180)

Varun Beverages: Brokerage firm Motilal Oswal Financial Services has initiated coverage on
Varun Beverages with a buy rating and target price of Rs 1,100. Varun Beverages is engaged in
the manufacture, sale, bottling, and distribution of PepsiCo’s beverages in pre-defined territories in
India (27 states and seven Union Territories). Motilal Oswal expects strong demand traction over
the next few years due to the company being a monopoly play in PepsiCo India’s business.The
brokerage firm believes after the commencement of operations at its new plant in Pathankot, the
company's revenue share from non-carbonated beverages (NCB) should improve, thereby reduc-
ing revenue concentration from CSD alone. Axis Securities also has a buy call on the stock with a
target price of Rs 1,005. Axis pointed out that the trend of in-home consumption has seen an in-
crease and is likely to continue as consumers get habituated to consuming soft drinks at home.
Accumulate.
Havells India (Rs. 1007.00) (Code : 517354)

Havells’ India : The consumer electronics company Havells’ India has reported a strong 80 per
cent year-on-year (YoY) growth in its standalone net profit at Rs 325 crore in September quarter
(Q2FY21). Net revenue grew 10 per cent YoY at Rs 2,452 crore. Ebitda jumped 79 per cent YoY at
Rs 421 crore, due to lower advertisement and sales promotion and other expenses. Ebitda mar-
gins improved 670 basis points at 17.2 per cent from 10.5 per cent in previous year quarter. The
company said the effective price and cost management enabled contribution margin improvements,
especially in ECD and Lighting. Havells’ is very strong brand and in poised for strong growth going
forward. Buy.
UPL Ltd. (Rs. 503.00) (Code : 512070)

UPL Ltd. is one of the leading agrochemical company. UPL has pared its gross debt. The com-
pany has completed the pre-payment of $410 million of 3.25% senior notes due October 2021 on
Dec. 28. This was done using the cash on its balance sheet, and is in line with its commitment to
reduce debt. An investor presentation released on Oct. 30 showed that UPL had a gross debt of Rs
31,817 crore. After company’s clarification on whistleblower issue, the stock has seen significant
recovery which shows its commitment to the business. Of the 35 analysts tracking the company, 32
have a ‘buy’ rating, two suggest a ‘hold’ and one recommends a ‘sell’. The average of Bloomberg
consensus 12-month target prices implies an upside of 26.4%. Buy.
Titan Co. (Rs. 1549.00) (Code : 500114)

Titan Company has witnessed a good festive season with the jewellery division saw a resur-
gence in the festive season along with a pent-up demand for wedding jewellery as most of the
weddings in H1’21 were deferred. The growth trend was visible even after the festive season ended
and the division has recorded close to 15 percent growth (excluding sale of raw gold of Rs 334
crore) in Q3. The division continued to see a significantly higher share of gold coin sales and very
good growth in wedding jewellery sales. Titan’s watches and wearables division had a recovery
rate of around 88 percent in Q3. The E-commerce channel is leading the recovery with very strong
absolute growth of over 30 percent. The eyewear division had a recovery of around 92 percent in
Q3. Other businesses had a revenue recovery of around 80 percent. Buy.
Financial Weekly

January 2021 34
INVESTMENT
SMART TIPS Smita N. Zaveri

Orient Cement (Rs. 89.00) (Code: 535754) :- Shares of this A Group listed cement
and cement products company have face value of Re. 1. The shares touched a 52-week high of
Rs. 91 and low of Rs. 35. It is a part of the CK Birla Group of companies which is a respected
investor-friendly group. Its product mix includes Ordinary Portland Cement (OPC) and Pozzolana
Portland Cement (PPC) which are marketed under the brand name of Birla A1. It is a leading low-
cost producer. Expansion of its Gulbarga plant was delayed due to the Covid-19 pandemic but
12.2 MTPA capacity is operational. For September quarter, Orient reported income of Rs. 447.50
crore, profit of Rs. 34.82 crore, and EPS of Rs. 1.70. Indian cement industry is expected to grow at
a CAGR of 4-5% between 2021 and 2023. Its capacity is likely to touch 15 MPTA by 2023. The
stock is near the 52-week high, and can be seen touching Rs. 135-140 levels in 9-12 months.
JSPL (Rs. 293.00) (Code: 532286) :- Shares of this iron steel and interim products
company touched a 52-week high of Rs. 304 and low of Rs. 62. The company borrowed heavily to
fund its expansion plans, but was hit hard by the downturn in commodity cycle. The stock was an
under-performer for long as a result. However, things are looking up as JSPL has improved its
performance in recent months, also also lowered its debt. For the September quarter, its income
rose from Rs. 7688 crore to Rs. 8990 crore, but loss also widened from Rs. 300 crore to Rs. 772
crore. The operating profit jumped 78% from Rs. 1518 crore to Rs. 2702 crore. JSPL is selling its
non-core assets to pare debt. The commodity cycle is also picking up. The company’s market cap
is Rs. 27,744 crore. Promoter holding is 60.47%. Its equity is Rs. 102 crore, and reserves of Rs.
26,840 crore. FIIs hold 12.24% stake, and Mutual Funds 10.40% stake. One can consider invest-
ing in the stock on declines. The commodity markets are looking strong after a long time.
Hindustan Zinc (Rs. 303.00) (Code: 500188) :- Shares of this A group listed
company touched a 52-week high of Rs. 328 and low of Rs. 122. It was owned by the government
of India once, but is now a part of the Vedanta Group. Hindustan Zinc is the second largest zinc
manufacturer in the world, and demand for zinc is rising globally. It also mines lead, silver, and
cadmium, and is a leading integrated mining company. For the September quarter, it reported
income of Rs. 5660 crore, profit of Rs. 1940 crore, and EPS of Rs. 4.59. Operating profit margin
was 57.84%, and net profit margin 34.28%. Promoter holding is 64.92%. The company’s market
cap is Rs. 1,27,224 crore. Its equity is Rs. 845 crore, and reserves of Rs. 39,465 crore. Hindustan
Zinc had paid 1065% interim dividend in 2020. The dividend yield works out at 5.44%. The stock
can be seen at new highs in 4-6 months.
Ashok Leyland (Rs. 112.00) (Code: 500477) :- The flagship company of Hinduja
Group is a leading commercial vehicles manufacturer. Its shares are listed in the A Group, and
touched a 52-week high of Rs. 111 and low of Rs. 33. Promoter holding is 51.54%. It makes heavy
and light commercial vehicles, and also has presence in engineering designing space. It is devel-
oping bullet-proof vehicles for security agents. It plans to invest Rs. 1000 crore for manufacturing
electric vehicles. It has bagged orders for 2580 buses from road transport corporations in different
states. It has also bagged an order for 1400 intermediate commercial vehicles from startup Pro-
cure-Box. These vehicles will be used for fuel distribution in 750 districts. Ashok Leyland’s perfor-
mance was affected by the Covid-19 pandemic, but sales are picking up. In December, it sold
11,857 units and 103,78 units in November. Sales of light commercial vehicles were especially
strong. For September quarter, it reported income of Rs. 2836 crore and loss of Rs. 146.67 crore. It
is likely to report turnaround numbers in December. The stock can be seen at a new high in the
short to medium term. SEBI Registered Research Analyst)
* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on 8th Januayr, 2021 unless
specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though, every care has been taken,
we will not responsible for any errors / omissions • All disputes are subject to Ahmedabad jurisdiction
Financial Weekly

January 2021 35
INVESTMENT
Smart super duper - Het Zaveri
Sobha Ltd (Rs.473.00) (Code:532784) :- The company having activities mainly in

South India was considered as Infosys of real estate sector due to highly professional manage-
ment and corporate governance. As the investors have become very selective in the real estate
sector, the company is enjoying very high position in investment list of the investors. In FY2020,
the company's income increased from Rs.3442 crore to Rs.3754 crore, while profit decreased from
Rs.297 crore to Rs.282 crore. In the first half of FY2021, the company's income decreased from Rs.
1961 crore to Rs. 872 crore, while profit decreased from Rs. 158 crore to Rs. 23 crore. The com-
pany witnessed bumper sales in December, which will get reflected in the December quarter re-
sults. It paid 20% dividend in 2016, 25% in 2017, 70% dividend in 2018, in 2019 and in 2020.
Housing for All scheme of the government may help the company to achieve higher growth. It may
give good return in long term. The dividend yield is high. It is good opportunity to invest in the stock
in phased manner.
NCL Industries (Rs. 154.00) (Code: 502168) :- Nagarjun Cement Ltd has a good
presence in the South Indian market. It also has presence in Ready Mix Concrete, Cement bonded
particle boards, Prefab Houses and Hydro Power segments. As against equity of Rs. 4523 crore,
the company has reserves of Rs. 553.53 crore. In September quarter, the company's income in-
creased from Rs. 194 crore to Rs. 348 crore, while profit went up from Rs. 9 crore to Rs. 43 crore.
Demand of Cement is increasing in South Indian Market. Demand for prefab houses and bonded
particles has also witnessed upward trend. The stock is being quoted at much lower price com-
pared to the all time high price, thus giving opportunity for value buying. It is good option for long
term. The company's business update indicates that it may witness bumper results in December
quarter.
RadicoKhaitan (Rs. 509.00) (Code:532497) :- Liquor segment company is number
two in the country. It entered into the market with brand name 8PM in 1998 and now it also owns
strong brand like Magic Movement. The company is present in all verticals like whisky, rum, vodka,
wine and spirit and is likely to benefit from changing lifestyle of people. As against equity of Rs.
26.68 crore, the company has reserves of Rs. 1583 crore. In September quarter, the company's
profit decreased by 7% at Rs. 74.67 crore, while sales increased by 10.50% at Rs. 630.05 crore.
Operating profit for the company increased by 23.87 t Rs. 107.23 crore. The country is moving
forward towards unlock so MM Liquor stock is also witnessing movement. The bullish trend in the
stock is likely to continue in future as well. Madhu Kella owns 1.23% stake in name of his wife in
this company.
PNC Infratech (Rs. 192.00) (Code:539150) :- The company had come up with IPO
in 2015 at price of Rs378 and gave good return after listing. The company split the share from face
value of Rs10 a share to Rs2 a share. The promoters hold 56.07% and public hold 43.93% stake in
the company. The company's market cap is Rs. 4929crore. The company is active in infrastructure
segment like EPC, DBFOT and OMT. The company has completed projects in Rajasthan, Punjab,
Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh,
Maharashtra, Karnatak and Tamil Nadu. In the second quarter of FY2021, the company's income
decreased from Rs. 1341 crore to Rs. 1248 crore, while profit decreased from Rs. 214 crore to Rs.
79 crore. However, operational profit remained at Rs. 304 crore. The company has huge orders on
hand and investment from funds are increasing. The stock is good option for investment in phased
manner in long term. Recently, Axis and other funds have bought shares in block deal.
Financial Weekly

January 2021 36
INVESTMENT
Di wan-E-Khas A.J. Diwan (Mumbai)

E-mail : divanconsultancy@rediffmail.com
Nifty maintain 14000 levels?

Nifty : After crossing and closing above 14000, Recently DOW has crossed
31000 so we may see upper level. In this uptrend we have not seen much
participation from Reliance. In 2020 share price soar from Rs.865 level to 2300
plus but now on Thursday traded at 1905. The support exit at 1875. It said that
whatever growth we see in Reliance is due to increase in JIO tariff. This is
absolutely uncertain. The long term prospect is good but if something un-
wanted happens, we may see downtrend. This is may belong to Tata. Tata
Steel Jumped from Rs.250 to Rs.730. The funda to go up and shortage of
supply and high demand may help share price this year we may see price of
Rs. 800 with some volatility another Tata group share is Tata motors in 20-20
share came down to Rs.65 and now Rs.196. If price remains above 199, We
may see Rs.225 budget, This is a big event for our market the fm has given
huge packages on paper last year so no more lolipop expected. The soaring
price of crude and weak rupee against dollar may increase some load on
market.
ITC : From Rs. 160 to Rs.200 plus is good but after good dividend, share
price fall from Rs.215 level. There is some news which we are not aware but
market is aware. • Vedanta : Very showed promoters. The scheme of buy back
failed but share price rigged up buy Rs.100 and now offer for sale will come to
get more than desire fund. Rs.180 is support and if Rs.192 is taken out, We
may see Rs 200+. • NTPC: we feel that between Rs.99 and Rs 100 good short.
• FIIs are buyers and DIIs are sellers in our market. Our institutions are feeling
market is overbought. Power Grid accumulates on decline. Maruti extended
selling price December by week is not good sign. • NMDC invest around
Rs.125 • ICICI has Resistace at 550 • The farmers problem is not settled, its
big blow to ruling party.
Financial Weekly

January 2021 37
INVESTMENT
Investment Ideas telegram.me/rupeegains7
NIFTY :- For next week NIFTY has strong support around 14240 levels. Break will take it
to 14135---14000 levels. On the upper side NIFTY will face strong hurdle at 14435 levels, cross
over with volume and close above will create short covering at take NIFTY up to 14500 levels…
BANK NIFTY :- For next week BANK NIFTY has strong support around 31935
levels. Break will take it to 31650 levels. On the upper side BANK NIFTY will face strong hurdle at
32350 levels, cross over with volume and close above will create short covering at take BANK
NIFTY up to 32500---32615 levels…
INVESTMENT IDEAS…
IND-SWIFT LABORATORIES LTD
(532305 & NSE) (81.90) (Face Value Rs.10)
Headquartered in Chandigarh, Ind-Swift Laboratories Ltd today is a global manufacture of APIs,
Intermediates and formulations. With regulated 6+ manufacturing sites in Punjab and Jammu com-
pany caters to the API needs of regulated markets including USFDA, EDQM, PMDA, ANVISA,
EU-GMP, KFDA, NMO, ANSM, Cofepris, TGA, WHO, ROW. Today, Ind-Swift Laboratories Ltd is a
significant player in manufacturing APIs towards Cardiovascular health, Antihistamine, Antidia-
betic, Antipsychotic, Antimigraine, Parkinson's Disease, Antineoplastic, ADHD Symptoms, Anal-
gesics, Alcohol Abstinence andBone Resorption Inhibitor. Company also holds global leadership
positions in the Macrolide Antibiotic segment. During H1FY21, it reported PAT of Rs.14.49 crore
Cont....
Some recommendations of Rupee Gains made

new highs during last week…
Recomm. Date Stocks Recomm. High Price Appreciation
Rate After (%)
Recomm.
28th September 20 TEXMO PIPES 14 27.65 98%
5th October 20 SARLA PERFORMANCE 18.7 31.55 69%
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12th October 20 Umang Dairy 47 70 49%
12th October 20 BCL Ind 67 117.45 75%
26th October 20 INDO THAI SEC 19.65 35 78%
2nd November 20 KABRA EXTRU 74.8 111 48%
9th November-20 MAAN ALUMINIUM 75.85 130.5 72%
14th December 20 MADHAV MARBLES 32.2 55 71%
28th December 20 DAMODAR IND 35.1 41.8 19%
28th December 20 KCP LTD 68.4 77.85 14%
Financial Weekly

January 2021 38
INVESTMENT
as against loss of Rs.17.79 crore. Technically, stock is looking explosive on weekly chart.
Everyone, whose financial advisor is allowing trading in this stock for medium to long term can
watch with stop loss of 70.
NAVA BHARAT VENTURES LTD

(513023 & NSE) (62.3) (Face Value Rs.2)
Nava Bharat Ventures Limited is a power focused company with interests in Ferro alloys and
sugar. The Group has total installed power generation capacity of 442MW in Telangana, AP and
Odisha. Nava Bharat is one of the leading Ferro alloy producers in India with about 125,000 MT of
Manganese and about 75,000 MT of Chrome Alloy capacities. Nava Bharat also undertakes pro-
duction of sugar and allied products in its 4,000 TCD integrated plant. Nava Bharat has invest-
ments and operations through subsidiaries in India, Zambia, Singapore and Malaysia. Techni-
cally, stock is looking hot on chart.
Everyone, whose financial advisor is allowing to trade in this stock for medium to long term can
MANGALAM ORGANICS LTD

(514418) (436) (Face Value Re.10)
(BSE Symbol: MANORG)
Mangalam Organics Limited (MOL) is one of the largest Indian manufacturers of Camphor. The
company also manufactures a range of pine chemistry based Resins. MOL's manufacturing unit
was built in 1996 and is located at Kumbhivali village in Maharashtra. MOL has its head office in
Mumbai and a network of sales offices across India. The Company aspires to build on its leader-
ship position in the pine chemicals space through integrations and also to develop its retail sales
through its brands 'Mangalam' and 'CamPure'.
It has an equity base of just Rs.8.56 crore that is supported by reserves of around Rs.180.63
crore. The Promoters hold 54.91% while the investing public holds 45.09% stake in the com-
pany. D mart's promoter RKD holds 2.17% stake in this company.
For Q2FY21, its PAT stood at Rs.14.33 crore on sales of Rs.85.96 crore fetching an EPS of
Rs.16.73. During H1FY21, its PAT stood at Rs.22.16 crore on sales of Rs.134.65 crore fetching an
EPS of Rs.25.87. Company has completed expansion during last few quarters which will gives
benefit from Q4FY21.
At CMP, MOL trades at PE ratio of just 9.7x earnings.
SHREYAS SHIPPING & LOGISTICS LTD

(520151 & NSE) (73.4) (Face Value Rs.10)
Shreyas Shipping and Logistics, the Indian flagged vessel owning unit of Transworld Group, is
a pioneer and market leader in domestic coastal container shipping covering all main ports and
container terminals on the Indian coast. SSL, which has a fleet of 12 vessels with a capacity of over
Financial Weekly

January 2021 39
INVESTMENT
22794 TEUs, also offers services to the Middle East and Bangladesh. SSL which pioneered do-
mestic, multimodal transportation in India continues its premier position till date and is a preferred
partner of Main Line Operators for Exim Transshipment services at various Indian ports for its abil-
ity to carry feeder, domestic as well as regional cargo.
It has an equity base of just Rs.21.96 crore that is supported by reserves of around Rs.320.07
crore. The Promoters hold 68.94% while the investing public holds 31.06% stake in the company.
For Q2FY21, its PAT grew 118.2% to Rs.9.95 crore on income of Rs.137.29 crore fetching an EPS
of Rs.4.53. During H1FY21, company has reduced its debt by almost 100 crore to Rs.169 crore
and company is going to reduce its debt up to 40 crore in coming days. Shipping freight rates are
rising since July 2020 and now the industries are witnessing a shortage of containers. Shreyas
has almost 23000 containers in its fleet. Due to rising freight rates, companies may post bumper
numbers in H2FY21. Its all-time rate was Rs.839.7 and now it is available at just 73 level.
Disclosures: At the time of writing this article, author, his clients & dependent family members
may have positions in the stocks mentioned above. The author, his firm, his clients or any of his
dependent family members may make purchases or sale of the securities mentioned in website.
Author may have positions in above stocks so have vested interest obviously in their going up or
down as the case may be.
Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & au-
thenticated sources believed to be true & correct, and also is technical analysis based on & con-
ceived from charts. Investors should take their own decisions. We assume no responsibility for any
transactions undertaken by them. The author won't be liable or responsible for any legal or finan-
cial losses made by anybody.
Financial Weekly
Every Sunday Every Wednesday
English & Gujarati Edition Gujarati Edition

Financial Weekly

January 2021 40
INVESTMENT
Primary Market - Dilip K. Shah
Indian share market indices have achieved new milestone with 16% return in CY 2020
In beginning of 2021, Secondary Market and Primary Market are expected to be positive
Since beginning of new year, around 15 companies
are expected to raise Rs. 31000 crore through IPO
In January around half a dozen companies will raise Rs. 8000 crore through IPO
IRFC's Rs. 4600 crore IPO with offer price of Rs. 25-26 will open in third week of January
Indigo Paints Rs. 1100 crore combo IPO with offer price of
Rs. 1400-1500 is expected to open on January 20
In Calendar Year 2020, Indian Share Market Indices have witnessed growth of 15%. Even after
that indices are making new highs every day since beginning of the new year, baring couple of
corrections. On January 8, Nifty crossed 14350 and Sensex crossed 48800 level. Both the indices
were at historic high at one point of time on January 8,2008. Albeit, the market witnessed crash on
the following day. Thus, the bullish trend in the secondary market has created positive impact on
the primary market.
Investors harvested rich returns from the primary market in 2020:- Despite high volatility in the
market, calendar year 2020 has been memorable as except for UTI Asset Management IPO all the
issues listed during the year are giving positive returns and that also in double figure. Subscription
was also at four year high. Now all depends on the performance of the companies and interest of
Grey Market Premium the operators. It is also believed that grey

IPOs Offer Price Premium Kostak Price Subject to market will turn active.
Name (Rs.) (Rs.) *Min. Appl. Sauda The investors didn't even dream that the
Indigo -- 755 to 760 750 5700 to 6000 issue that gave 9% negative return on list-
IRFC -- 1.80 to 2 650 1300 to 1400 ing will give 11% positive return at the end
Don't subscribe IPO only on the basis of Greymarket premium.
Before Investing check the fundamentals of IPO
Cont...
Main - line IPO (Non SME)

Sr Company Issue Open Dt. Issue size Offer price Min. Listing Lead Manager Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) App. (Out of 50)
1 Indigo 3rd Week Fresh Issue : Rs. 300 Cr. 1355 to 1360 11 Shares BSE Edelweiss Financial,
Paints of OFS : 58,40,000 Eq. Shares (Tentative) (Tentative) NSE ICICI Securities NEXT WEEK
(Book Building) January (Expected to around Kotak Mahindra Capital
Rs. 1094 Cr.)
2 Indian 3rd Week Fresh Issue : 25 to 26 575 BSE HSBC Securities & Cap. Markets
Railway Fin. of 93,80,46,000 Eq. Shares (Tentative) (Tentative) NSE ICICI Securities, IDB Bank Ltd, NEXT WEEK
Corporation January OFS : 46,90,23,000 Eq. Shares SBI Capital Markets Ltd.
(Book Building) Total Issue Size
1,40,70,69,000 Eq.Shares
Financial Weekly

January 2021 41
INVESTMENT
Muthoot Fin's NCDs issue got 3.34 times and

Edelweiss Fin's NCDs issue closed with 2.40 times subscription
This week, Kosamattam Fin and Muthoot Fin Corp's NCDs issue
are in the market in absence of mainboard issues
Non Convertible Debenture (NCD) Issues at a Glance
Sr Company Issue Open Bond size F.Value Min. Listing Rating Recomm.
Issue Close (Rs. Cr.) (Rs.) App.
23-12-2020 Base Size of Rs.175 Cr. 1,000/- 10 NCDs BSE BWR BBB+/
1. Kosmattam 19-1-2021 with an option to Retain (Rs.10,000) Stale
Finance Oversubscription up to Lead manager By
RISKY
(Rs. 175 Cr.) Karvy Investor Brickwork
(Aggregating up to 350 Cr.) SMC Capital Rating
31-12-2020 Base Size of Rs.200 Cr. 1,000/- 10 NCDs BSE CRSIL Apply
2. Muthoot 25-1-2021 with an option to Retain (Rs.10,000) A/Stable for
Fincorp. Oversubscription up to
Rs. 200 Cr. Lead manager
Long
(Aggregating up to 400 Cr.) SMC Capital Term
of the year, which is double than the FD interest. The issue that gave bumper return include Route
Mobile (231%), Burger King (169)% and Haapiest Minds (105%). Bhavin Raichura of SKS Re-
search believes that improvement in the IPO market is due to bullish trend in the secondary market.
If there wouldn't have liquidity in the market, IPO market would not have got new lease of life. The
government's measures to increase liquidity in the market and FPI investment created positive
impact in the market.
It is also believed that SME IPOs may also return in the market. However, the investors will have
to be cautious and book profit on listing gain because in past the IPOs giving positive return gave
negative return with bearish trend in the secondary market.
* 15 IPOs are in the pipeline in the new year :- It is believed that 15 companies including
RailTel, Kalyan Jewellers, BrookField India, Bargeque Nation, Suryoday Small Finance Bank,
ESAF Small Finance Bank and Indigo Paints are planning the issue. These issues are likely to
raise Rs. 8,000 crore from the market.
IRFC :- The company incorporated in 1986 will enter the market with book building issue which
will be combo of 1407069000 equity shares and 938046000 fresh shares. The issue size will be
Rs. 4600 crore with price band of Rs. 25-26.
Indigo Paints :- The issue with size of Rs. 1100 crore will open on January 20 and close on
January 22. The decorative paint company has its production facilities in Rajasthan, Kerala and
Tamil Nadu. The lead managers are Kotak, Edelweiss and ICICI Securities. Issue fund will be
used for debt payment and expansion.
* In absence of mainboard IPOs, last week four NCDs issues were in the market, of which Muthoot
Fin and Edelweiss FinCorp's issues have closed.
• Muthoot Finance :- The issue that opened on December 11 closed on January 5 with overall
3.34 times subscription.
Cont...
Financial Weekly

January 2021 42
INVESTMENT
Grey Market Movement

Grey Market that turned cold after Mrs. Bectors IPO has turned hot once again
In Grey Market IRFC premiums witness high volatility
Indigo Paints premiums, interest rates and subject to rates keeps crumbling
The grey market turned inactive after IPO of Mrs. Bectors Foods, but now it has turned
active once again due to possibility of around 15 companies coming up with IPOs.
IRFC :- The premiums in the PSU started at Rs. 1.25 and went up to Rs. 3 but now are
around Rs. 1.80 to Rs. 2. Interest rates are Rs. 550 and subject to rates are Rs. 1300 to
Rs. 1400.
Indigo Paints :- Pune based company is planning to enter the market on January 20.
The way deals are taking place in high volume even before the opening of issue or an-
nouncement of offer price, the fancy may increase in future. The premiums started at Rs.
600 and are believed to be around Rs. 775-760. The interest rates started at Rs. 600 and
are believed to be Rs. 750. Subject to rates started at Rs. 4000 and are believed to be at
Rs. 6000 level currently.
Edelweiss Financial :- The issue closed on January 4 with 2.40 times subscription.
• Kosamattam Finance :- The issue with base price of Rs. 175 crore and shelf limit of Rs. 175
crore taking overall size to Rs. 350 crore has got Brickwork Rating BWE of BBB+/Stable. It has got
1.13 times subscription as on January 8.
Muthoot Fincorp :- The company provides personal and gold loan at 3541 branches in 20
states. The issue is good option for investors who believe in taking risk in long term. It has got 1.21
times subscription as on January 8.
PSU Disinvestment
Subscription figure of
Subscription figure of Rashtriya Chemicals Edelweiss Fin. Services
Muthoot Finance NCD The government is plan- Category No. of Bond Issue
Category No. of Bond Issue (Issue closed Offered/ Subscribed
(Issue Closed on Offered/ Subscribed ning to sell 10% stake in on 4th Jan.) Reserved 4-1-2021
5th Jan.) Reserved 5-1-2021 the company and has Category I (QIB) 1,00,000 0.00x
Cat. I (QIB) 50,000 0.00x Category II (NII) 1,00,000 0.33x
Cat. II (NII) 50,000 1.78x invited bid from the mer- Category III 4,00,000 1.37x
Cat. III 3,00,000 2.44x Category IV 4,00,000 4.55x
Cat. IV 6,00,000 4.20x
chant bankers and legal Total 10,00,000 2.40x
Total 10,00,000 3.34x firms. The government Subscription figure of
Subscription figure of holds 75% stake in it. Kosamattam Finance NCD
Muthoot Fincorp NCD
10% stake will be sold Category No. of Bond Issue
Category No. of Bond Issue Offered/ Subscribed
Offered/ Subscribed through Offer For Sale. Reserved 8-1-2021
Reserved 8-1-2021 Category I (QIB) 1,75,000 0.00x
Category I (QIB) 1,00,000 0.15x Category II (NII) 1,75,000 0.03x
Category II (NII) 8,00,000 0.53x Category III 5,25,000 0.47x
Category III 11,00,000 1.80x Category IV 8,75,000 1.97x
Total 20,00,000 1.21x Total 17,50,000 1.13x
Financial Weekly

January 2021 43
INVESTMENT
Smart Best Buy S. N. Zaveri
Bajaj Finance : Q3 data signal better results

(Rs. 5080.00) (Code : 500034) (Finance - Including NBFCs)
Initial numbers for the December quarter (Q3) posted by Bajaj Finance turned out to be encour-
aging. New customer addition at 2.2 million, about 80 per cent jump sequentially, and new loan
accounts added at 6 million, growth of 84 per cent sequentially, auger well for the country’s largest
consumer financier. The NBFC disclosed that its assets under management (AUM) stood at ap-
proximately Rs 143,700 crore as of 31 December 2020, a tad lower than Rs 145,092 crore as of 31
December 2019. The company's AUM in Q3 FY21 grew by approximately Rs 7,700 crore as com-
pared to Rs 9,559 crore in Q3. New loans booked during Q3 FY21 were 6 million as compared to
7.7 million in Q3 FY20. The company continues to remain well capitalized with capital adequacy
ratio (CRAR) of approximately 28% as of 31 December 2020. Q3 results are expected to be better.
Buy.
ACC : New Sindri facitlity will add more capacity

(Rs. 1760.00) (Code : 500410) (Cement & Cement Products)
ACC Ltd (LafargeHolcim group) has started its new Sindri cement plant in Jharkhand, India.
The new facility will add 1.4 Mta of cement capacity to its existing 3Mta unit at this site. The facility
will manufacture low-CO2 and environment-friendly cement products. Recently, the company re-
ceived board approval for paying technology fees to their parent company, Holcim Ltd. The TKH
fees with the foreign promoter Holcim has been kept at 1 per cent of net sales every year for two
years with effect from January 1, 2021. ACC has been paying a certain part of its annual sales to
Holcim Support and Holcim Services Group as fee for accessing its technology and support. keep-
ing it at 1 per cent is positive for ACC. Buy.
ICICI Lombard : Health segment helped more

(Rs. 1604.50) (Code : 540716) (General Insurance)
Private non-life insurer ICICI Lombard General Insurance expects its group business to rise to
33 percent of its total business over the next three to five years from 27-28 percent right now. The
rise in group business will be due to improvement in premium rates and also because corporate
employees are now actively seeking group health covers from their employers. Higher collections
in the health insurance vertical and momentum on the overall business are positive. Recovery
(and rebound) in auto sales and strong pickup in the health segment have helped post GDPI col-
lections in YTD basis, which are encouraging. Company expects gradual normalisation of claims.
Between April 1 and November 30 (FY21), ICICI Lombard had a gross direct premium of Rs 9,304.62
crore, a 3.06 percent YoY growth. Invest.
Dixon hits fresh new high on agreement with boAt

(Rs. 15393.00) (Code : 540699) (Consumer Electronics)
Dixon Tehcnologies’ stock hit fresh record high, after the company announced that it has en-
tered into an agreement with Imagine Marketing Private Limited (boAt) for manufacturing of Twin
Wireless Speakers. Dixon shall be manufacturing the said products from its manufacturing facility
Cont...
Financial Weekly

January 2021 44
INVESTMENT
located at Noida, Uttar Pradesh. boAt is the leader in the earwear segment. Their high quality
audio devices are known for their style and efficiency. Eealier, Dixon’s wholly-owned subsidiary
Padget Electronics entered into an agreement with Motorola for manufacturing of smartphones.
Padget Electronics is one of the few companies who recently received production linked incentive
scheme (P/L scheme) approval from the government. Dixon Technologies (India) is engaged in
manufacturing products in the consumer durables, lighting and mobile phones markets in India.
The stock has zoomed 75 per cent. Buy on decline.
CRISIL : Robust growth after addition of corporate clients

(Rs. 1952.00) (Code : 500092) (Other Financial Services)
Crisil : Crisil (Credit Rating Information Services of India Limited) is an analytical company pro-
viding ratings, research, and risk and policy advisory services and is a subsidiary of American
company S&P Global. Crisil, was the first credit rating agency in India, introduced in 1988 by the
ICICI and UTI jointly with share capital coming from SBI, LIC and United India Insurance Com-
pany. In April 2005, US based credit rating agency S&P acquired the majority shares (51 percent)
of company. Its net sales grwo by 11.27 per cent for the Q2 to Rs.485 crore from Rs.435 crore in the
same perioud of the previous fiscal year. Its operating profit was down 4.11 per cent at Rs.150
crore. Net profit was down 14 per cent at Rs.90 crore. However, Q3 is expected to be much better.It
has seen robust growth after addition of corporate clients and an increase in securitisation man-
dates. Crisil has an equity capital of just Rs.7.25 crore which makes it more attractive at high valu-
ations also. Buy.
(SEBI Registered Research Analyst)

* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on
8th January, 2021 unless specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though,
every care has been taken, we will not responsible for any errors / omissions o All disputes are subject to Ahmedabad jurisdictioner
Smart Investment Website Index
24,000 hits only 1 Week
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1,46,60,666
Kuber Bhandar of earnings
Future - Options, Stock - Watch, Funda - Picks,
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Financial Weekly

January 2021 45
INVESTMENT
Dalal Street Whispers Dilip K. Shah
Bharat Rasayan (Rs 10,204.00) (Code: 590021) :- The company’s board is slated
to meet on January 12 to consider a share buyback proposal. The shares surged 12% as the news
broke. The buyback offer price is likely to be over Rs. 10,500.
Biocon (Rs. 466.00) (Code: 532523) :- Biocon’s subsidiary Biocon Biologics has
approved primary equity investment by Abu Dhabi based ADQ, one of the largest holding compa-
nies in the region. ADQ will invest Rs. 555 crore for a 1.8% stake in the biosimilar business.
Phoenix Mills (Rs. 790.00) (Code: 503100) :- The price has been rising on the back
of a two-times jump in trading volumes. The retail segment reported 66% growth on a y-o-y basis in
the third quarter. The commercial portfolio also reported strong growth in the quarter.
Om Metals (Rs. 24.00) (Code: 531092) :- The company has emerged as the lowest
bidder in a Rs. 621 crore tender of the Punjab government. The shares are likely to be in focus.
Tata Power (Rs. 83.00) (Code:500400) :- The company has acquired 51% stake in
TP Southern Odisha Distribution Limited (TPSODL) and TP Western Odisha Distribution Limited
(TPWODL). The stake in TPSODL was acquired for Rs. 127.50 crore, and that in TPWODL for Rs.
255 crore. The stake acquisition will allow Tata Power’s distribution circles to expand to the west-
ern and southern parts of Odisha. Tata Power has also received order from Kerala State Electricity
Board to develop a 110 MW solar project.
ACC (Rs. 1758.00) (Code: 500410) :- The company has set up one more cement
production facility at its Sindari grinding unit in Jharkhand, taking its capacity from 3 MTPA to 4.4
MTPA.
Concor (Rs. 441.00) (Code: 531344) :- The PSU is planning merger of its subsidiary
companies Concor Air, Sidcul Concor Infra Company, and Punjab Logistics Infrastructure, with
itself.
BEML (Rs. 983.00) (Code: 500048) :- The PSU has bagged an order of Rs. 758 crore
from defence ministry for supply of high mobility vehicles.
L&T (Rs. 1373.00) (Code: 500510) :- The company’s subsidiary L&T Hydrocarbon
Engineering has bagged a large order from ONGC.
Bandhan Bank (Rs. 419.00) (Code: 541153) :- Bandhan Bank’s advances in the
third quarter grew by 23%, while deposits surged 30% during the quarter over last year. In a regu-
latory filing, the bank said its CASA deposits grew 62%, while retail deposits were up 81%.
Gujarat Ambuja Exports (Rs. 135.00) (Code: 524226) :- Shares of this Gujarat-
based company are touching new highs after FIIs increased their stake in the company in the
December quarter.
HAL (Rs. 912.00) (Code: 541154) :- HAL shares have surged 16% in the last fortnight.
Its strong design and product development capabilities and diversified portfolio make it a high
growth candidate. The company may also benefit from some budgetary announcements on Febru-
ary 1.
Cont.....
Financial Weekly

January 2021 46
INVESTMENT
LIC Housing Finance (Rs. 442.00) (Code: 500253) :- The stock is up 25% in a
month. Low interest rates, strong retail franchise, and steps taken to boost the realty sector, augur
well for the company. The stock is trading at a 30% discount to the three-year average price, and
has scope for further rise.
Bharat Dynamics (Rs. 345.00) (Code: 541143) :- The company has received
orders worth Rs 633 crore for launchers and test equipment.
IDFC First Bank (Rs. 43.00) (Code: 532659) :- The bank’s assets grew 0.7% to Rs.
1.10 lakh crore at the end of December. Retail assets have grown 24% to Rs. 66,635 crore. Retail
deposits have grown 41% to Rs. 77,289 crore. CASA ratio has gone up from 36.5 at the end of
second quarter to 44.6.
Sobha (Rs. 473.00) (Code: 532784) :- The company reported its highest ever sales in
the December quarter. Sales stood at 11.3 lakh sq ft, up from 8.91 lakh sq ft in September quarter.
In money terms, the sales were worth Rs. 887 crore. Sales volume grew 6%, and total sales value
soared 22% in the quarter.
NCL Industries (Rs. 154.00) (Code: 502168) :- The company recorded a 45% jump
in cement sales at 6.25 lakh tonne in December quarter.
Maruti Suzuki (Rs. 8015.00) (Code: 532500) :- The country’s largest carmaker’s
production in December 2020 increased 33% to 1.55 lakh units, as against 1.15 lakh units in the
same month in 2019.
Hero MotoCorp (Rs. 3159.00) (Code: 500182) :- LIC has bought 2% more stake in
Hero MotoCorp. Its stake in the vehicle manufacturer has gone up to 9.17% as a result.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may
have investment in this stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am
recommending • Stop loss is useful for Short / Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising
out of investment based on tis advices • Past performance may or may not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI
Regn No. : INH000002152
Financial Weekly
Every Sunday Every Wednesday
English & Gujarati Edition Gujarati Edition

Financial Weekly

January 2021 47
INVESTMENT
Investor’s Third Eye

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

FOR STOCK MARKET INVESTMENTS
(11TH JANUARY 2021 TO 17TH JANUARY 2021)
In this week Saturn had taken its position in its own house- Capricorn along with Jupiter and
mercury. Mars in its own house - Aries, The speculative planet Rahu in the house of Venus- Taurus,
Sun and Venus had taken its position in the house of Jupiter - Sagittarius. Moon had taken its
position in the house of Scorpio, Sagittarius and Capricorn houses, The sun transit happens on
14th January 2021, from Sagittarius to Capricorn. On 11th January 2021, The conjunction of ketu
and moon happens in then house of mars- Scorpio where the speculative planet rahu takes its
seventh position in the house of Venus- Taurus brings volatility in the market. On 12th and 13th
January 2021, the conjunction of sun, moon and venus in Sagittarius takes place taking second
position towards Saturn and Jupiter in capricorn along with mercury tends to bring fluctuations in
the stock prices. On 14th January 2021, sun transit happens from Sagittarius to Capricorn tend to
bring volatility in the stock prices as the speculative planet rahu in Taurus takes fifth position
towards Capricorn. On 15th January 2021, the conjunction of sun, moon, Jupiter and Saturn a nd
mercury happens will bring fluctuations with stock prices as venus had taken its position in the
house of Jupiter- Sagittarius. Several sectors namely railways, ethanol; and gas producing firms,
heavy engineering, chemicals, fertilizers, pharmaceuticals, glass producing firms, paper producing
firms, sugar firms tend to show the good move3ment of stock prices. Mangalam organics, thyrocare
, smruthi organics, pancea biotech, shree ganesh remedies, bharat rasayan, waterbase, balrampur
chini, globus sprits, bahrat dynamics, BEML, RITES, adani ports, onmobile global, delta corp, Yash
pakka, Quess corp, Garden reach shipbuilders, Deepak fertilzers, JK agri genetics, Majesco, Strides
pharama may show good movement of stock prices.
Astrological planetary predictions for

GOLD PRICE MOVEMENTS
(11TH JANUARY 2021 TO 17TH JANUARY 2021)
11th January 2021 : The conjunction of Jupiter, Saturn and mercury in Capricorn taking eleventh
position towards moon and ketu in Scorpio brings volatility in the gold prices.
12th and 13th January 2021 : The conjunction of sun, moon and venus in the house of Jupiter-
Sagittarius where Jupiter had taken second position along with Saturn and mercury in the house of Saturn
towards its own house - Sagittarius tends to favor the bullion market
14th January 2021 : the sun transit happens from Sagittarius to Capricorn, being the auspicious day
on the day of makarashankaranthi favor the gold buying and bullion market
15th January 2021 : The conjunction of moon, Saturn, sun and mercury in Capricorn whreer the
speculative planet rahu had taken fifth position in the house of Venus- Taurus tends to favor the market to
certain extend.
Financial Weekly

January 2021 48
INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
stockmarket@ganeshaspeaks.com
Sensex Predictions (Dt. 11th January 2021 to 15th January 2021)

11-01-2021 Monday
" From opening till 9:45, the market is going to settle, means maintain your calm.
" From 9:45 to 11:05, Nifty will be down.
" From 11:05 to 12:12, Nifty will be up.
" From 12:12 to 14:45, the big view in Nifty will be soft side.
" From 14.45 to 15.30, there is a mixed trend. So focus only on trading.
12-01-2021 Tuesday
" From the point where it opens, Nifty will do timepass for some time. After that, it will catch a
downtrend, which will be there till 11:00. So make your position accordingly.
" Divide the time from 11:00 to 15:00 into two parts:
" Part - 1 - Uptrend and Part - 2 - Downtrend
" From 15:00 to 15:20, there will be an uptrend in Nifty.
" In the last 10 minutes, there may be a sudden profit booking.
13-01-2021 Wednesday
" Do short sell around the opening and exit around 9:50.
" Buy Nifty around 10:10 and exit around 11:33.
" Short sell around 13:03, exit as soon as you earn Rs 2.
14-01-2021 Thursday
" Today, there will be lesser volume in Nifty.
" Ganesha sees today as a boring day.
" As five planets (Mercury-Moon-Jupiter-Saturn-Sun) are present in Capricorn sign, so you should
be and all the more Capricorn natives should be quiet.
" From 9:15 to 10:55, Nifty will try to maintain a psychological figure around the surface.
" From 10.55 to 12.00, the positive effect of 'A' group stocks will be seen on Nifty. (0.08)
" From 12:00 to 12:44, there is "No Position Zone", can call it No Buying - No Selling Zone.
" From 12.44 to 13.44, there is no clear trend. Thus, "Trend is our Friend", act accordingly.
" From 13:44 to 15:30, on both the sides, a solid movement will be seen. If you do proper entry-
exit, you will make gains.
15-01-2021 Friday
" Today also there won't be much fun between volume and value.
" You must be already knowing what is written in the book in the slot - 10 for 15-01-2021.
" From 9:15 to 9:25, Nifty will be slightly up.
" From 9:25 to 10:55, Nifty will be down.
" From 11:55 to 14:34, Nifty will be soft.
" From 15:07 till the closing bell, Nifty will be down.
Financial Weekly

January 2021 49
INVESTMENT
News Track
Vikas Multicorp Ltd.

An Excellent investment opportunity
BSE and NSE listed Vikas Multicorp Ltd., in their release today to the exchanges, an-
nounced its agenda of the board meeting scheduled to be held on 12th January, 2021 in
which, other than the 3rd quarter results that would be approved, the board is scheduled to
“evaluate various business opportunities including acquisition of existing business(s)/as-
sets, consequent change in Main Objects and Name of the company to signify its core
business activities”
Although there is no official word on the new business opportunity in the notice given to
the exchanges, there could be chance of substantial investment in pharmaceutical business.
VML would have two main verticals, going ahead- FMCG businesses relating to ‘Food Pro-
tection and Personal Hygiene segment & Cashew nuts and the 2nd vertical being Pharma-
ceutical products.
Over the last few months, Albula Investment Fund, LTS Investment Fund, and Alintosch
Pharma (Baidyanath group) have all picked up stake in Vikas Multicorp Ltd.
Vikas Multicorp Ltd. had earlier announced that it had constituted an Advisory Board
consisting of eminent personalities with the purpose of providing guidance and act as a
sounding board to the senior leadership team in the company including the Board of Direc-
tors. script is an good to Buy The nature of the board is non-statutory status and members
will be invited to join the Advisory board based on past credentials.
Enters FMCG Segment with Rs. 100 Cr Investment VML had announced last year that it
will enter the food protection and personal hygiene segment of the FMCG industry with an
investment of approximately Rs 100 crore in two years. The company has ventured into the
‘Food protection and Personal Hygiene’ segment of FMCG Industry with acquisition of pres-
tigious Brands for Aluminium Foil and Tissues ‘HOMEFOIL’, ‘CHAPATIWRAP’, ‘CLEANWRAP’
& ‘MISTIQUE’. VML intends to acquire further businesses as well as expand its footprint all
over India.
In addition, these brands enjoy significant presence in all big retail chains and online
platforms. These brands also have recognition in International markets, especially in UK,
Middle East and European countries. The Company is planning to foray in to complete solu-
tions for Food Protection, and Packaging Personal Hygie ne needs of Indian households at
one stop shop. With all these positive developments, analysts feel this scrip is an excellent
Buy
Financial Weekly

January 2021 50
INVESTMENT
REVIEW OF “SMART PLUS NEWS LETTER”

Amazing 31% RETURN
SMART GAIN FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
4-1-2021 High (%) 4-1-2021 High (%)
National Perxide 1988 2108 6.04 Shriram Trans. 1070 1280 19.63
Amber Enterprise 2386 2680 12.32 Tata Elxsi 1867 2025 8.46
Tinplate 167 180 7.78 Alkem Labs. 2950 3043 3.15
HDFC Life 678 715 5.46 Wipro 388 426 9.79
Pidilite 1705 1790 4.99 Bharti Airtel 515 540 4.85
TCS 2928 3101 5.91 Federal Bank 68 76 11.76
L&T 1297 1372 5.78 Mastek 1209 1309 8.27
Balkrishna Ind. 1630 1720 5.52 Indusind Bank 900 959 6.56
Tata Metaliks 616 654 6.17 Wipro 388 426 9.79
Tanla Platform 686 768 11.95 RBL Bank 231 270 16.88
Tech Mah. 978 1040 6.34 Akshar Chem. 264 291 10.23
Ramco Cement 794 854 7.56 JSPL 270 296 9.63
ICICI Limbard 1518 1598 5.27 Chola INvest 411 435 5.84
SRF 5687 5858 3.01 Birla Soft 248 261 5.24
Greenlam Ind. 784 890 13.52 Power Grid 189 202 6.88
Grasim Ind. 933 1017 9 TPL Plast 165 177 7.27
Tech Mahindra 977 1040 6.45 Arvind Fashion 154 167 8.44
Ultratech 5291 5550 4.9 I.B. Housing Fin. 223 246 10.31
Tata Motors 187 200 6.95 HG Infra 202 243 20.3
Vinati Orga. 1218 1316 8.05 Nalco 44 48 9.09
LIC Housing 377 445 18.04 BEL 126 132 4.76
Coal India 135 139 2.96 NBCC 30 32 6.67
Birla Corp. 730 754 3.29 Voda-IDEA 11 12 9.09
Only Subscribers will get SMART PLUS NEWSLETTER

on their E-mail Address
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Financial Weekly

January 2021 51
INVESTMENT
Editor : Dilip K. Shah
ARCHI PUBLICATIONS
311 to 313, Nalanda Enclave, Pritamnagar 1st Dhal, Ellisbridge, Ahmedabad-6. GUJARAT, INDIA
Phone : 079 - 2657 66 39, Fax : 079 - 2657 99 96 • Mob. : 0982500 6980
E-mail :
smartinvest25@yahoo.in / smartinvest25@gmail.com / info@smartinvestment.in
Disclaimer :- Investment recommendations made in Smart Investment are for information
purposes only and derived from source that are deemed to be reliable but their accuracy and
completeness are not guaranteed. Smart Investment or the analyst / writer do not accept any
liability for the use of this column for the buying or selling of securities. Readers of this column who
buy or sell securities based on the information in this column are soley responsible for their ac-
tions. The author, his company or his acquaintance may / may not have positions in the scrips
featured herein
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Financial Weekly

January 2021 53
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NLC India Limited (Rs.55):

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# Birlasoft (Last close Rs 264) : It is engaged in the Computer programming,

Buy or Sell, Confused ?

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sound stocks M. : 9372144204

Stylam Industries Limited

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