Professional Documents
Culture Documents
THE
Giving voice to the issues of the VIEWS AND NEWS ABOUT STOCK MAR-
people,
Raising voice against injustice KET AND MODERN ECONOMICAL WAVES
ECONOMIC REVOLUTION
Revolutionary Fearless Gujarati Daily
Web site :
www.nirmalmetro.com PUBLISHES IN ENGLISH AND GUJARATI LANGUAGES
Web site : www.theeconomicrevolution.in
E mail : theeconomicrevolution@yahoo.co.in Every thing that’s on Money !!!
• Year 10 • Issue 05 • Date: 12.07.2021 to 18.07.2021 • Editor : Narendra Joshi • Mobile:9825065387• Land line 079 27451449•
•Address : H 115/991, Nirmal Apartments, Telephone Exchange Road, Naranpura, Ahmedabad -380063 •
Nifty is bullish as long as 15700 on Nifty spot holds, but resistance is seen near Market Movement CONTD FROM PAGE 1
15900-950. Mid and small cap stocks might continue to outperform price hike for petroleum ing of two more NCD is- by Walpar and Focus Busi-
products in near term.As the sues during the week from ness.
AP’s Weekly picks market men have on radar KLM Axiva and IIFL Home Thus we are witness-
Abhijit Phatak global economic/inflation Fin. Both these issues will ing some activities in pri-
ap@definedge.com data, progress of monsoon close on or before 26.07.21 mary market for a while.
on domestic front, Q1 num- and 28.07.21 respectively. DISCLAIMER: No fi-
bers season, it will keep For the ensuing week, we nancial information what-
DEEPAKNTR them busy with stock spe- have one more NCD issue soever published anywhere
cific mode. We have around from Piramal Capital open- here should be construed
100 corporate results for the ing on Monday i.e. as an offer to buy or sell
ensuing week. 12.07.21. securities, or as advice to
IBREALEST Amidst such conditions On mainboard IPO do so in any way whatso-
with ongoing trends, front, we had two IPOs ever. All matter published
Buy DEEPAKNTR above 1945 with stop - Buy IBREALEST above 121 with stop- benchmarks movement is during the week, i.e. G R here is purely for educa-
loss below 1845 for target 2316 loss below 116 for target 134 and 136 likely in the range of 53750- Infra and Clean Science. tional and information pur-
50250 for BSE Sensexand Both these IPO got over- poses only and under no
16250-14950 for NSE Nifty whelming response with circumstances should be
forthe coming week. oversubscriptions of used for making invest-
BERGERPAINT
Karda Construction has 102.58 times and 93.41 ment decisions. Readers
convened board meeting on times respectively. For the must consult a qualified fi-
TATASTEEL 14.07.21 to consider bonus ensuing week we have nancial advisor prior to
share issue. mega mainboard IPO from making any actual invest-
PRIMARY MARKET: Zomato that is opening on ment decisions, based on
Buy BERGERPAINT above 850 with stop- Buy TATASTEEL above 1245 with stop-loss For the week under re- 14.07.21. Details of this information published here.
loss below 802 for target 980 and 1149 below 1184 for target 1369
port, we marked closing of IPO is given with this edi- Any reader taking decisions
two SME IPOs of Walpar tion. According to market based on any information
NAM-INDIA JINDALSAW Nutritions and Focus Busi- sources, we have Tatva published here does so en-
ness Solutions with over- Chintan Pharma, Glenmark tirely at own risk. Above
subscription of 9.48 times LS, Nuvoco, Exxaro, information is based on the
and 6.66 times respectively. Arohan IPOs lined up for details available as on the
SME Issue of AA Plus that opening before this month date along with market per-
opened on 8th July received end. ceptions. Investors should
Buy NAM-INDIA above 377 with stop- loss 0.61 times subscription. During the week, on bear in mind that any in-
Buy JINDALSAW above 126 with stop-loss This issue will close on listing front, India Pesti- vestments in stock markets
below 370 for target 394 and 415 below 118 for target 143 and 169
13.07.21. cides mainboard IPO are subject to unpredictable
On NCD issue front, marked listing with a pre- market related risks. (THE
PIDILITIND while Sakthi Fin issue is on mium of around 20%. AUTHOUR IS SEBI REG-
and will close on or before For ensuing week, we ISTERED RESEARCH
23.07.21, we marked open- have listings of SME IPOs ANALYST)
IRCTC Future Wealth Creator for Multiple Returns
Buy PIDILITIND above 2288 with stop-loss
below 2225 for target 2453
Buy IRCTC above 2210 with stop-loss
below 2120 for target 2592 and 3164
The White Horse Stock - Buy
GAIL
Libas Consumer Products Ltd
NSE listed Libas Con- wards and will be peer
competitor to leading
Nse : LIBAS
sumer Products Ltd.,has
launched Innerware seg- Brands such as Jockey CMP RS.68
ment Brand - KNG.. Com- and Lux etc. SHORT TERM
LICHSGFIN pany is confident that as After 3 yr turnover TARGET RS. 100
they are industry leaders in Expected Rs. 1000 cr. And POSITIONAL
Sell LICHSGFIN below 454 with stop- Sell GAIL below 147 with stop-loss fashion segment and Profit 200 cr Approx EPS TARGET RS 140
loss above 473 for target 397 and 345 above 154 for target 133 and 118 rocksalt, it will be 120 Rs.Industry pe 30 to
amongst top three Leading 50. Investor cannot imag- Jockey mkt cap
Volvo Car India records 52% growth in H1 2021 players in innerware seg- ine the share price which Rs.31000 cr.
LUx industries
Swedish luxury car ment also. he will fetch in 2-3 years
maker Volvo Car India to- Company is targeting time frame. Rs.11000 cr
day announced that it has Rs. 1000 cr turnover in Long term investor Rupa company
recorded a 52% growth in next 3 yr As promoter is Friendly Jackpot Share Rs.3800 cr
its retail sales at 713 units very Dynamic having ex- Buy with view of 3-4 Dollar industries
in the first six months of pertise to handle all types yr Rs.1800 cr
2021. The company had hurdles n hiccups. Keep it in safe Locker Comparing industry
sold 469 cars during the Plus Now company n Don't see the rates for mkt cap of 47000 cr
same period last year. SUV'XC40 Recharge' in sumer sentiment phase has online portal stores on at least 2-3 years. If libas can achieve
Volvo's dynamic mid- India later this year. Volvo and major covid restric- Amazon flipkart n now Just buy n forget this only 10 % Market share of
size luxury SUV XC60 car India will also intro- tions in the market place innerware sale 70% is Bonus n Dividend paying the above it will prove a
contributed the most be- duce the petrol variants of shows the confidence that online which will boost n well diversified FMCG Bonanza for investors.
ing the highest selling it's premium sedan S90 the Indian consumer has company sales in short company. In future If Company is expected
model in H1 2021. The and mid-size SUV XC60 in Brand Volvo. Despite time. stock gives any correc- to have market cap 5000
company is confident and in H2 2021. uncertain conditions, it Company is diversify- tions Always Add more cr .
positive about a much Mr. Jyoti Malhotra, has been a good first half ing into Men's innerware, shares in your portfolio. Considering today
stronger growth in the re- Managing Director, Volvo for the company giving us Women innerware (organ- Do it as Sip every market cap 100 cr,
maining part of the year Car India said "A 52% a strong base as we move ics material) Nightware, month for High and Se- Libas stock available at
as it has already an- growth in the high-end forward in the year and Casualware,Boxer 3/4th cured Returns. Peanut Rock bottom price
nounced the launch of it's luxury mobility during a bring new products to our shorts,etc which will Compare to industry so just buy n forget.
first full electric highly depressed con- consumers." Rerate the company up- market capitalization, : ***
THE 3
Date: 12.07.2021 to 18.07.2021
ECONOMIC REVOLUTION FINANCIAL WEEKLY
ZOMATO IPO REVIEW (AVOID, HOWEVER ACTIVE RISK SEEKERS CAN TRY)
PREFACE Secondly, there are so -courtesy by chittorgarh.com
many "ifs" and "buts" for
(Courtesy: Chittorgarh.com)
Zomato has been the Zomato is one of the leading foodservice plat-
talk of the town ever
since it filed its DRHP with
this company's progress
going forward. How the forms.
DILIP Email:
IPO CORNER
regulators on April 27, company management It has tough competition and the sector is
DAVDA dilip_davda@rediffmail.com
2021. While DRHP indi- takes on the huge cash on largely fragmented.
cated an issue of Rs. 8250 their book remains at the It has been incurring losses from its opera- (SEBI registered Research Analyst-Mumbai)
cr. (Rs. 7500 cr. fresh + centre stage. If it is used tions and has piled up losses.
prudently, then it may be- The IPO pricing is at inflated valuations than Global Markets India Pvt. As per offer docu-
Rs. 750 cr. OFS), the
come a rewarding bet, estimated by many brokerage houses. Ltd. while Link Intime In- ments, Zomato has no
RHP that was filed on July
otherwise, it can be totally The offer is costly based on negative earn- dia Pvt. Ltd. is the regis- listed peers to compare
06, 2021, surprised one
vice-versa. trar to the issue. with.
and all as it indicated the ings and uncertain future prospects.
The company also Having issued initial DIVIDEND POLICY
issue size of Rs. 9375 cr.
tried its luck for grocery equity at par, the company The company does not
(Rs. 9000 cr. fresh equity
delivery about one and a has raised further equity have a formal dividend
+ Rs. 375 cr. OFS). Ac-
half years back and was in the price range of Rs. policy as of the date of
cording to management,
rolled back after few 641.00 to Rs. 155690.27 this Red Herring Prospec-
following overwhelming
months, but now again (for FV of Re. 1) be- tus. Further, it has not de-
response during
they are trying for their tween July 2010 and clared dividends on the
roadshows and consider-
luck in this segment with March 2021. It has also Equity Shares during the
ing the appetite of inves-
investment in Grofers. issued bonus shares in current Fiscal and the last
tors for a larger supply of
The company's current the ratio of 6699 shares three Fiscals. It is ex-
stock, they increased the
revenue has a 75% con- for every 1 share held in pected to follow a prudent
size of fresh equity by a Fiscal 2019 to Fiscal
tribution from food deliv- pandemic on its operation. April 2021. dividend policy post list-
permissible 20% limit and 2021 on iOS App Store
ery services, how long ISSUE DETAILS/ The average cost of ing based on its financial
is thus trying to milk the and Google Play com-
this will continue post- CAPITAL HISTORY acquisition of shares by performance and future
cow. With the increased bined, as per App Annie's
pandemic is a million-dol- To part finance its the selling stakeholders is prospects.
size of fresh equity, they estimates.
lar question as people plans for funding organic Rs. 1.16 per share. M E R C H A N T
have raised their plans for Zomato's technology
moving out for foods will and inorganic growth ini- Post issue, Zomato's BANKER'S TRACK
organic and inorganic platform connects cus-
definitely have some im- tiatives (Rs. 6750.00 cr.) current issued and paid- RECORDS
growth initiatives from tomers, restaurant part-
pact. and general corpus needs, up capital of Rs. 666.10 The five BRLMs asso-
Rs. 5625 cr. to Rs.6750 ners and delivery part-
The company's cur- Zomato is coming out cr. will stand enhanced to ciated with the offer have
cr. as well as a kitty for ners, serving their mul-
rent positive NAV is only with a maiden equity is- Rs. 784.52 cr. Based on handled 15 issues in the
general corpus needs for tiple needs. Customers
due to hefty premiums sue worth Rs. 9375.00 cr. the upper band price of past three fiscals (includ-
the residual portion in pro- use its platform to search
collected by it for equity It has fixed a price band the IPO, the company is ing the ongoing one) out
portionate higher volume. and discover restaurants,
placements. According to of Rs. 72 - Rs. 76 per looking for a market cap of which 5 issues closed
As we all know, the gen- read and write customer-
leading brokerage share having a face value of Rs. 59623.37 cr. below the issue price on
eral corpus fund has generated reviews and
houses, the market cap of (FV) of Re. 1. The issue FINANCIAL PER- the listing date.
many grey areas to spend. view and upload photos,
Zomato was pegged at opens for subscription on FORMANCE Conclusion / Invest-
The company has order food delivery, book
Rs. 39K cr. but with this July 14, 2021, and will On the financial per- ment Strategy
been incurring losses in its a table and make pay-
issue pricing, the com- close on July 16, 2021. formance front, on a con- The rationale is given
operations globally and ments while dining out at
pany is looking for a mar- Minimum application is to solidated basis, Zomato in PREFACE and the
off late started pruning its restaurants. On the other
ket cap of over Rs. 59.5K be made for 195 shares has posted a total turn- negative P/E makes this
international ventures. hand, the company pro-
cr. and is overvalued. The and in multiples thereon, over/net profit (Loss) of mega primary offer a
Seeing a bigger Indian vides restaurant partners
company will have free thereafter. The issue con- Rs. 1397.72 cr. / Rs. - costly bet. Earlier two
market and opportunity, with industry-specific
cash of Rs. 15k cr. in sists of a fresh equity is- (1010.51) cr. (FY19), Rs. loss-making food chain
they are now giving a ma- marketing tools which
books post this IPO and sue worth Rs. 9000.00 cr. 2742.74 cr. / Rs. - IPOs of Burger King and
jor thrust to Indian ven- enable them to engage
this might be the only at- and an offer for sale (2385.60) cr. (FY20) and Barbeque Nation have re-
ture. At present India is and acquire customers to
traction for punters. worth Rs. 375.00 cr. At Rs. 2118.42 cr. / Rs. - warded investors in the
having a largely frag- grow their business while
Many brokerage the upper price band of (816.43) cr. (FY21). It medium term, but they
mented market in the area also providing a reliable
houses feel that the pric- the issue, Zomato will is- has been incurring heavy
of Zomato's operations and efficient last-mile de- were in the hotel sector
ing of this IPO is at an in- sue totally 1233552730 losses for all these years.
and is full of competition livery service. Zomato that enjoys good mar-
flated valuation and hence shares including a fresh FY21 posted lower loss
from MNCs as well as lo- also operates a one-stop gins, whereas this com-
it has nothing on the table equity issue of following other activities
cal players. This poses a procurement solution, pany is purely dependent
for new investors in the 1184210625 shares. Post coupled with the declined
question mark on Hyperpure, which sup- on third party supply and
near term. allotment, shares will be top line.
Zomato's future prospects plies high-quality ingredi- is primarily in the food
The well-planned grey listed on BSE and NSE. For the last three
as it will take a pretty long ents to restaurant part- delivery business. This
market game may lure in- The issue constitutes fiscals, Zomato has (on a
time to start net surplus ners. Thus the company being the first mover in
vestors other than QIBs 15.72% of the post issue consolidated basis)
after covering the carried also provide its delivery the segment, its listing
for investing in the hopes paid-up capital of the posted negative EPS Rs.
forward losses incurred partners with transparent performance hinges on
of listing gains. No doubt company. - (2.99) and a negative
so far. Swiggy and Ama- and flexible earning op- ongoing uncertainty and
India is a big market, but Zomato has reserved RoNW of - (49.09). The
zon are the two major portunities. the future prospects. Na-
changed lifestyle post- 6500000 equity shares issue is priced at a P/BV
competitors for Zomato. While it had a foot- tional Restaurant Asso-
pandemic raises concern. for its eligible employees. of 5.04 based on its NAV
While management as- print across 23 countries ciation of India (NRAI)
ABOUT COMPANY From the residual portion, of Rs. 15.09 and at a P/
sured of customer data outside India as of March moving Competition
Zomato Ltd. is, ac- it has allocated 75% for BV of 2.91 based on its
protection, we all know 31, 2021, the company Commission of India
cording to RedSeer, one QIBs, 15% for HNIs and post-issue NAV of Rs.
that in 2017, its customer has taken a conscious (CCI) for level playing
of the leading Food Ser- 10% for retail investors. 26.10 (at the upper price
data was hacked and over strategic call to focus field between restaurants
vices platforms in India in The Book Running band). Despite heavy op-
17 million users were af- only on the Indian mar- and online food
terms of the value of food Lead Managers (BRLMs) erational losses, it has a
fected. ket going forward. Given aggregators is a major
sold, as of March 31, to this offer are Kotak positive NAV. Thanks to
This being the first the large market opportu- concern for a while. Be-
2021. During Fiscal 2021, Mahindra Capital Co. hefty premiums collected
mega IPO from a food nity in India, it believes a ing mega offer, chances
32.1 million average MAU Ltd., Morgan Stanley In- on the equity placements
service aggregator on the focused Zomato will en- of allotment are higher.
visited its platform in In- dia Co. Pvt. Ltd., Credit that have helped it to post
India horizon, we have no hance the value for all its
dia. As of March 31, Suisse Securities (India) positive book value. There is no harm in skip-
listed peers to compare stakeholders.
2021, Zomato was Pvt. Ltd., BofA Securities C O M PA R I S O N ping this IPO with inflated
with. However, on the Its operations marked
present in 525 cities in In- India Ltd. and Citigroup WITH LISTED PEERS valuations.
global scene, such set back in Fiscal 2021
aggregators are valued at dia, with 389,932 Active DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy
due to the COVID-19
8 to 9 times their revenues Restaurant Listings. Its or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and
pandemic. Accordingly, information purposes only and under no circumstances should be used for making investment decisions. Readers must
whereas, for Zomato mobile application is the
the company's financials consult a qualified financial advisor prior to making any actual investment decisions, based on information published
coupled with India per- most downloaded food here. With entry barriers, SEBI wants only well-informed investors to participate is such offers. With crazy recent
and key performance in-
spective, it is valued at and drinks application in listings, SME IPOs have started drawing the attention of investors across the board. However, as SME issues have
dicators for Fiscal 2021 entry barriers and continued low preference from broking community, any reader taking decisions based on any informa-
16+ and thus highly over- India in each of the last
reflect the impact of the tion published here does so entirely at own risk. Above information is based on information available as on date coupled
valued (almost double). three fiscal years since with market perceptions. Author has no plans to invest in this offer
4 THE
FINANCIAL WEEKLY
ECONOMIC REVOLUTION Date: 12.07.2021 to 18.07.2021
Top 4 Best Blue Chip Stocks for Medium to Long Term Investments price above Rs 290 and a return of over 58%. c a -
-- Shree Kalasthi Pipes Limited (BSE Code 513605)
- Petronet LNG (BSE Code 532522) (224.85) ... Me- pacity
(228.90). Medium to Long Term Target Rs 436 to Rs 470
dium to Long Term Target Rs 261 to Rs 298 o f
LONG TERM INVESTMENT
The Andhra Pradesh-based company was estab-
lished on November 1, 1991, by the Lanco Group for the Petronet LNG tops the list as the country's natural more
gas importer. The company also has an LNG storage and than ASHISH NAYAK
production of Ping Irons. The company's main unit is lo- 9376988765, 9924279825
cated just 30 km from Tirupati. The company currently has regasification business. The company is responsible for 1600
rosenayak.1984@yahoo.com
a plant of 90,000 tones of pig irons and 90,000 tons of 30 per cent of India's gas demand. Founded in 1998, the con-
cement per annum but due to the poor performance of the company has been promoted by four Navratna compa-
struction materials handling equipment, the company ranks
cement industry, cement production has been halted and nies in India. ONGC, GAIL, Indian Oil and BPCL have 12.5
as the world's largest manufacturer of peak and caricatures.
there are reports that it may be resumed in the medium per cent holdings in the company while the public has 50
The company's research unit is spread over one lakh square
term. Forward Integration also started production of Irons per cent holdings. The company does not produce or mar-
feet and the company has four main divisions of business.
Casting and Spun Pipe in 1997 and the unit has a capacity keting gas but has production as an intermediary. Qatar's
The last recommendation to invest in this stock was made
of 40000 tons and 35700 tons respectively. The company Rasalfan imports LNG from Liquid Natural Gas Company
when the price was hovering around Rs 655 (24/10/2019),
has also started production of Irons Pipe in another joint and has a 25-year contract with the company. Three LNG
in which a return above 100% has been received in the
venture but in 2002 Lanco sold its spin pipe unit to Electro tankers have been chartered by the company from Mitsui
long run.
Steel casting. OSK Lines and the LNG is brought to Dahej by ship.
Regular readers will keep in mind that the recommended
The face value of the stock is Rs 10 while the current Petronet also has a 25-year gas sales agreement.
price to invest in this stock is only around Rs. Aside from
book value is Rs 318. The stock has a current PE ratio of Profitability can be said to be sustainable as the com-
the issue from our Twitter handle Nayakone also reported
10.04 percent, which is below its industrial PE ratio of 15.33 pany has contracts for raw materials and purchases. An-
in May 2015 when the price was running near the 52 week
percent. The company posted an EPS of 22.20 percent for other LNG jetty is being built to meet the growing demand
low 113 which the recommended readers can still see on
the current period. The company also regularly pays a for imported gas. An LNG terminal has been set up at
our Twitter account. Our PMS members still hold these
dividend of 22.76 percent over the years when it gives Kochi. The face value of the stock is Rs 10 while the cur-
shares at Rs 70 and Rs 113, Rs 209 and Rs 260 in the port-
improved annual results. Mr. Mayank Kejriwal is the cur- rent book value is Rs 78. The company's current PE ratio
folio for a long time. Technically the stock is forming a
rent Managing Director of the company. The company is 11.4 per cent, slightly above the industrial PE ratio of
rectangular triangle in down trend over the weekend which
also has its own coke oven plant. Our regular readers will 6.73 per cent. The company has also shown EPS of 19.59
signals investing in the stock from a key medium-term sup-
keep in mind that we recommend this share at around Rs per cent for the current period. The company pays a divi-
port. Shares on the weekly and monthly charts form a sym-
55 (formerly known as Lanco Industries) at the end of 2014 dend of over 65% every year. Annual and quarterly re-
metrical triangle in the uptrend that signals a further uptrend
when it gave a jackpot return of over 630 percent with an sults are mixed. Regular readers will keep in mind that we
as stocks cross a major barrier nearby and close above it.
all-time high price above Rs 402 with a rise above Rs 347. are advising to invest in this stock since the price has
Long-term investors should invest in phases. The stock
Our PMS members were informed to invest this share at a been running around Rs 122 with a return of over 88%.
may see prices above Rs 1,530 to Rs 1,740 in the long run.
price of Rs.26 Shares on the weekly and long-term charts form a rect-
Regular readers will keep in mind that the recommended
The stock ascending triangle on the long-term chart angular triangle in an uptrend that indicates investing in
price to invest in this stock has been around since just Rs
forms an uptrend which indicates that the stock is main- stocks with near-term support. The 50 per cent rebound
130, with an all-time high above Rs 3100 with an increase of
taining near-term key support and a bullish move above of the two-year bullish trend in the stock has been around
over Rs 3029 giving an incredible return of over 2300 per
the 100-day exponential moving average of Rs 153. A fresh Rs 193, which has seen a dramatic improvement in the
cent. The recommendation to invest in this stock is also
sell-off move of Rs 153 can be seen near Rs 110. The tech- stock. Long-term investors can invest less for targets
mentioned on our Twitter handle Nayakone, apart from the
nical indicators were trading in the overbought phase a above Rs 261 and 298. Readers who have invested at lower
weekly issue, when the price was moving near the 52-week
month ago due to the short-term correctional move but the prices as per our recommendation should keep investing
low of 113 in May 2015, a recommendation that readers can
last 3 weeks of profitable sell-offs have helped all the tech- for the given long-term targets.
still see on our Twitter account.
nical indicators to move out of the overbought position at - Escort Ltd. (BSE Code 500495) (1200.60) ... Me-
Our PMS members still hold these shares at Rs
a slower pace than the long-term move in the stock. The dium to Long Term Target Rs 1530 to Rs 1740
70 and Rs 113, Rs 209 and Rs 260 in the portfolio for a long
nearest upper zigzag in the stock is opening above Rs 249 The Haryana-based company was established in 1944.
time. Technically the stock is forming a rectangular triangle
which can be considered as a key barrier. Investors who The company is a leader in the production of agri machin-
in down trend over the weekend which signals investing in
have invested at a lower price as per our recommendation ery products, auto suspension, ancillary products, rail-
the stock from a key medium-term support. Shares on the
should maintain their investment for the given long-term way equipment materials handling and construction
weekly and monthly charts form a symmetrical triangle in
targets. equipment. In addition, the company has been serving
the uptrend that signals a further uptrend as stocks cross
-- Exide Industries (BSE code 500086) (182.25) ... Long the agricultural development of India for more than 50
a major barrier nearby and close above it. Long-term inves-
term target Rs 244 to Rs 275 years with its position as a mechanization agent in the
tors should invest in phases. The stock may see prices
The company was founded on January 31, 1947, as country. The company is truly an Indian multinational
above Rs 1,530 to Rs 1,740 in the long run.
an Associated Battery Manufacturer. Exide was renamed company. With more than 1600 sales service units, the
Disclaimer
August 25, 1995. The company manufactures and sells a company operates in more than 40 countries. The chair-
These recommendations are based on the
wide range of batteries with a capacity of 2.5 ohms to 20400 man and managing director of the company is Rajan
theory of technical analysis and personal observations.
ohms. The company has 6 out of 6 factories in Maharashtra, Nanda. Rajan Nanda's wife Ritu Nanda is the daughter of
This does not claim for profit & Loss. We are not
one in West Bengal, two in Tamil Nadu, and one in Haryana. great showman actor Raj Kapoor while Rajan and Ritu
responsible for any profit or losses made by traders and
The company has been in the import business as a chlo- Nanda's son Nikhil Nanda is married to Swetha Nanda,
investors. It is only the outlook of the market with refer-
ride electrical storage company since 1916. The company the daughter of Amitabh Bachchan, the acting king of
ence to its previous performance. All Judicial you are ad-
then started manufacturing storage batteries in India and Indian cinema. The company has launched models of 45
vised
later became the largest manufacturer and exporter of bat- tractors with a capacity of 25 to 80 horsepower. With a
teries in the Asian subcontinent. The current book value
of the stock is Rs 85.60 while the face value is Rs 1. The
company's current PE ratio is 19.10 which is below the
We may see rise through short cover-
industrial PE ratio of 30.40. The company has shown EPS
for the current year at a rate of 9.53 percent. The company
ing….. Stay cautious too on rise…. touch 90 to 99…
regularly pays a dividend of 29 percent per annum. Regu- # H o t We e k l y
2) Equitas (65.15):
lar readers will keep in mind that we also recommended Stock Futures: BAAJ NAZARE S L 6 2 … Wi t h s o l i d
taking this share at around Rs 100 and Rs 158. RK Kapadia 1) B h a r t i A i r t e l Paras K. Ghelani upmove it may touch 72
is the Chairman and Non-Executive Director of the com- (538.70): Rs. 522 9099010827 to 81…
pany. stoploss… It may touch http://letusgrowtogether111.
3) M i d h a n i
The stock on the monthly chart forms an inverted head 549 to 558… blogspot.com
and solder as a reversal in the downtrend which indicates (198.80): SL 189…
2) Hindalco (391):
that major support in the stock will give a return of over With solid upmove it
Rs. 381 stoploss… It 1177 to 1206… 7) L I C ( 4 5 8 . 0 5 ) :
38% to the investor over a half-year period. Making a short may touch 225 to 252…
may touch 405 to 414… 5) P o w e r g r i d Rs. 451 stoploss… It
to medium-term investment with tight stop loss. The stock 4) C a p t a i n P o l y
3) R e l i a n c e (231.15): Rs. 228 may touch 477 to 504…
forms a symmetrical triangle in an uptrend on the long- (539674) (35): SL 32…
(2079.30): Rs. 2061 stoploss… It may # Hot Delivery
term chart, which indicates that the investor in the two With solid upmove it
stoploss… It may touch touch 243 to 252… based Short term
main support phases of the stock will get a long-term re- may touch 41 to 45…
2115 to 2151… 6) M & M Stocks :
turn of up to 43%. Regular readers will keep in mind that 5) G G Engg
4) L u p i n (766.60): Rs. 750 1) P r a k a s h Ind
we also recommended investing in this stock at around Rs (25.55): SL 23… With
( 11 4 9 . 5 0 ) : R s . 11 3 3 stoploss… It may (81.95): SL 78… With
123 in the year 2016 from where the stock has risen above solid upmove it may
stoploss… It may touch touch 819 to 855… solid upmove it may
Rs 167 with a slow but steady improvement showing a touch 30 to 36…
6 THE
FINANCIAL WEEKLY
ECONOMIC REVOLUTION Date: 12.07.2021 to 18.07.2021
Crucial levels break out/down will confirm Strong rally or Deeper correction
Technical Analysis,Research & Weekly
Outlook
(Jul 12 to Jul 16,2021) Enjoy Daily Profit
Nifty-EOD Chart Analysis
(Waves structure)
Lalit dhingra
e mail:lalitdhingra@yahoo.com
Nifty-EOD Chart (09-Jul-2021):- web -www.enjoydailyprofits.blogspot.com
Technical Patterns and Formations in EOD
charts M). 09935006507,09889997271
Piramal Capital & Housing Finance Limited Secured NCD Public Tranche IIFL Home Finance Unsecured Subordinated Redeemable Non-
I - Issue Opens on July 12, Coupon Rate Upto 9.00% p.a.# Convertible Debentures (Unsecured NCDs) Tranche I Issue
"Stock Ex- dividual customers. In
Wholly owned subsid-
iary of Piramal Enterprises c h a n g e s " ) terms of retail housing fi- Open, Effective Annualized Yield upto 10.03% p.a.
with BSE as Retail focused and
nance, we have been offer-
Ltd, Piramal Capital & instruments with this
the Desig- ing housing loans to retail technology driven
Housing Finance Limited rating are considered
nated Stock Housing Finance
(PCHFL), a non-deposit customers - in addition to to have high degree of
Exchange for the Issue. C o m p a n y, I I F L H o m e
taking housing finance other retail lending prod- safety regarding
The NCDs have been rated Finance Ltd ("IIFL
company, into wholesale ucts. We have also entered HFL") has announced timely servicing of
CARE AA(CWD) (Under
and retail funding, has an- into business partnerships the opening of its financial obligations
Credit Watch with Devel- and carry very low
nounced the issue of se- with fintech's and other public issue of
oping Implications) by credit risk.
cured, rated, listed, re- consumer focused entities U n s e c u r e d
CARE Ratings Ltd and Net proceeds of
deemable, non-convertible of strategic significance to S u b o r d i n a t e d
ICRA (AA) with outlook the Issue will be
debentures of the face optimize our vision of Redeemable non-
(negative) by ICRA Ltd utilized for for the
value of Rs. 1,000 each multi-product digital lend- c o n v e r t i b l e coupon rates ranging
PCHFL is a wholly d e b e n t u r e s purpose of onward
("Secured NCDs"). The ing. We have pivoted our from 9.60% to 10.00%
owned subsidiary of ("Unsecured NCDs") lending, financing,
Tranche 1 Issue opens on business strategy from fo- per annum. The
Piramal Enterprises Limited of the face value of and for repayment /
July 12, 2021 and closes on cusing on large ticket af- Tranche I Issue opens
("PEL"), which is the flag- Rs. 1,000 each. prepayment of
July 23, 2021 (with an op- fluent home loans to the on July 6, 2021 and
ship company of the The Tranche I interest and principal
tion of early closure or ex- prime segment of afford- closes on July 28, of existing
Piramal Group, registered Issue includes a Base 2021, with an option
tension). able housing loans and borrowings of our
as a non-deposit taking Issue Size for an of early closure or
The Tranche I Issue mass affluent housing Company and balance
housing finance company amount of Rs. 100 extension.
has a base issue size of Rs. loans. Our retail housing will be utilised for
with the National Housing crores ("Base Issue The Unsecured
200 crores with an option portfolio has grown from General Corporate
Bank (NHB). Our journey Size") with a green NCDs bear a fixed rate
to retain oversubscription Rs 1,32,618 lakh in Fiscal shoe of up to Rs. 900 Purposes.
in financial services of interest under three
up to Rs 800 crores, aggre- 2018 (constituting 4% of crore aggregating up As on March 31,
started in 2010, with the different series and 2021 its CRAR - Tier I
gating up to Rs. 1,000 our loan book) to Rs to Rs. 1,000 crores
setup of Piramal Finance have been rated capital, in accordance
crores ("Tranche 1 Is- 4,43,127 lakh as of Fiscal ("Tranche I Issue").
Ltd (PFL) and over the "CRISIL AA/Stable" with the Reformatted
sue"). The NCDs are pro- 2021 (constituting 13.7% of The NCD issue offers and "BWR AA+/
years, we have built a lend- Financial Statements
posed to be listed on BSE our loan book) in a short various options for Negative (Assigned)"
ing platform to serve the was at 19.61%
and NSE (collectively, span of three years. subscription with indicates that
needs of corporate and in-
8 THE
FINANCIAL WEEKLY
ECONOMIC REVOLUTION Date: 12.07.2021 to 18.07.2021
DIIs lent good buying from next week. I re- I.Murty Garimella, 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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OPTIONS:
quest all readers to use do not take any respon- 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
support but doing oc- 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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STOCK OPTIONS:
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casional selling too in their discretion and also sibility, financial or oth- 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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BEL- CALL-185-CE: BUY@ 3.75-4.50, TARGET PRICE:18.00-22.00, STOP LOSS: 2.00-
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markets. due diligence while fol- erwise, for any losses 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
2.15, EXIT PERIOD:10-15 TRADING DAYS, (ENTRY TIME: DURING THE DAY)
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Looking at the lowing my recommen- or damages that may be 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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BEL-PUT-180-PE:BUY@ 3.75-4.50, TARGET PRICE: 18.00-22.00, STOP LOSS: 2.00-
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Health front of the na- dations. Kindly take all sustained due to the in- 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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2.15, EXIT PERIOD: 10-15 TRADING DAYS, (ENTRY TIME: DURING THE DAY)
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your precautions while vestments made or any 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
tion, the Corona Num- 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
APOLLOTYRES - CALL -125-CE: BUY@5.00-6.50, TARGET PRICE:20-25, STOP LOSS:
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bers are steadily com- following these sugges- action taken on the ba- 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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3.25-3.40, EXIT PERIOD:10-14 TRADING DAYS, (ENTRY TIME: DURING THE DAY)
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tions in their own inter- sis of theseopinions. 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
ing further down during 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
APOLLOTYRES - PUT -125-PE: BUY@ 5.00-7.00, TARGET PRICE: 20-25, STOP LOSS:
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est. 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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recent days and there This is not a recom- 3.50-3.65, EXIT PERIOD: 10-14 TRADING DAYS, (ENTRY TIME: DURING THE DAY)
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was a downtrend of P h a r m a ,
mendation, a mere 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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more than 10-15% Infrastructure,Metals, 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
INDEX OPTIONS:
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opinion on specific 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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from previous week's Engineering,Banking, 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
NIFTY50 - CALL -15700-CE29-07-2021: BUY @175-185, TARGET PRICE:450-475, STOP
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stocks. Please consult 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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casualty numbers. The cement and energy sec- 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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LOSS: 95-95.50, EXIT PERIOD: TILL EXPIRY,(ENTRY TIME: DURING THE DAY)
Nation's latest tally has tors will do well during your investment adviser 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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without fail. 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
NIFTY50 - PUT -15650-PE-29-07-2021: BUY @ 75-85, TARGET PRICE: 350-375, STOP
this week. 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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gone up by 42660 to Wi s h y o u A l l a 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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I advise all the trad- LOSS: 45-45.50,EXIT PERIOD: TILL EXPIRY, (ENTRY TIME: DURING THE DAY)
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30794768 and death 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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cases have gone up by ers to apply stop loss Highly Profitable2021. BANKNIFTY - CALL -35200-CE -22-07-2021: BUY @450-465, TARGET PRICE: 1800-
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1207 and touched for all their executed Wish you and all your 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
2000, STOP LOSS: 230-231, EXIT PERIOD: TILL EXPIRY, (ENTRY TIME: DURING THE DAY)
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407174 as per the late trades as per their risk beloved family mem- 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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BANKNIFTY -PUT-35000-PE-22-07-2021: BUY @ 250-265,TARGET PRICE: 1200-1500,
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night reports of Friday, bearing c a p a c i t y. bers a very Happy New 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
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STOP LOSS:130-130.50, EXIT PERIOD: TILL EXPIRY, (ENTRY TIME: DURING THE DAY)
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Please do take note of Year 2021.
Printed, Published and Owned by Mrs. DEVLAXMI N. JOSHI and Printed at Bhoomi Offset Bhatiya vadi, Opp. Kalupur Rly. Station, Kalupur, Ahmedabad-380002
and published from H-115/991, Nirmal Appartments, Naranpura, AHMEDABAD-380063. Editor- Mr. NARENDRA JOSHI. PH :-079-27451449, (M) 9825065387