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

VOL : 14 • Issue No: 7 RNI No : GUJENG / 2008 / 24320 28th March 2021 to 3rd April 2021
FII ACTIVITY (Rs. in Cr.)

Date Buy Value Sell Value Net Value
22-03-21 6436.46 7223.44 -786.98
23-03-21 7811.31 7919.55 -108.24
24-03-21 5577.51 7529.41 -1951.9
25-03-21 6669.49 10053.09 -3383.6
26-03-21 6317 6367.13 -50.13
TOTAL 32811.77 39092.62 -6280.85
DII ACTIVITY (Rs. in Cr.)
Date Buy Value Sell Value Net Value
22-03-21 4659.69 4116.99 542.7
23-03-21 4882.49 5412.18 -529.69
24-03-21 5581.34 4968.54 612.8
25-03-21 7823.37 5555.68 2267.69
26-03-21 5876.74 4173.6 1703.14
TOTAL 28823.63 24226.99 4596.64
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Financial Weekly
SMART 28th March 2021 to 3 rd

April 2021 4
INVESTMENT
Rapid Fire Stocks
Kalpna J (Email- Kjtech79@gmail.com)

(Ring : 97690 37711) Twitter : @Kj_TechTrades
HDFC Bank
Technical Discourse: Buy at CMP : 1497, Targets - 1777 to 1950,
Time Frame 3 to 12 Months ( Add in all Dips and SIP Mode)
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to
receive an 'in principle' approval from the ReserveBank of India (RBI) to set up a bank in the
private sector, as part of RBI's liberalisation of the Indian Banking Industry in 1994. The bank
was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered
office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial
Bank in January 1995.
HDFC Bank Ltd is a major Indian financial services company based in Mumbai. The Bank
is a publicly held banking company engaged in providing a wide range of banking and finan-
cial services including commercial banking and treasury operations. The Bank at present
has an enviable network of 2201 branches and 7110 ATMs spread in 996 cities across India.
They also have one overseas wholesale banking branch in Bahrain, a branch in Hong Kong
and two representative offices in UAE and Kenya. The Bank has two subsidiary companies,
namely HDFC Securities Ltd and HDB Financial Services Ltd
The Bank has three primary business segments, namely banking, wholesale banking and
treasury. The retail banking segment serves retail customers through a branch network and
Cont....
Financial Weekly

April 2021 5
INVESTMENT
other delivery channels. This segment raises deposits from customers and makes loans and
provides other services with the help of specialist product groups to such customers. The
wholesale banking segment provides loans, non-fund facilities and transaction services to
corporate, public sector units, government bodies, financial institutions and medium-scale
enterprises. The treasury segment includes net interest earnings on investments portfolio of
the Bank.The Banks ATM network can be accessed by all domestic and international Visa/
MasterCard, Visa Electron/Maestro, Plus/Cirrus and American Express Credit/Charge
cardholders. The Banks shares are listed on the Bombay Stock Exchange Limited and The
National Stock Exchange of India Ltd. The Banks American Depository Shares (ADS) are
listed on the New York Stock Exchange (NYSE) and the Banks Global Depository Receipts
(GDRs) are listed on Luxembourg Stock Exchange.HDFC Bank Ltd Was incorporated on
August 30, 1994 by Housing Development Finance Corporation Ltd. In the year 1994, Hous-
ing Development Finance Corporation Ltd was amongst the first to receive an in principle
approval from the ReserveBank of India to set up a bank in the private sector, as part of the
RBIs liberalization of the Indian Banking Industry.
Cont....
Rapid Fire Stocks

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Financial Weekly

April 2021 6
INVESTMENT
CONCOR
Technical Discourse: Buy at CMP : 590, TARGETS - 777 to 850,
Time Frame 3 to 12 Months (ADD IN Dips )
The multi-modal logistics company Container Corporation of India Ltd. (CONCOR), was incor-
porated in March 1988 under the Companies Act, and commenced operation from November 1989
taking over the existing network of 7 ICDs from the Indian Railways.
CORE BUSINESS
CONCOR's core business is characterised by three distinct activities, that of a carrier, a terminal
operator, and a warehouse operator.
Besides providing inland transport by rail for containers, Concor is also into management of
ports, air cargo complexes and establishing cold chain.
CARRIER
Rail is the mainstay of CONCOR's transportation plans & strategy. Majority of CONCOR termi-
nals are rail-linked, with rail as the main carrier for haulage. Facilities are, however, provided for
first and last mile transportation by road also. As rail is price-competitive over long distances, the
price advantage can be passed on to clients, thus allowing for flexible and competitive pricing. The
rail link also plays a major role in decongesting our ports and the road corridors that lead to these
ports.
Though rail is the mainstay of CONCOR's transportation plan, some CONCOR terminals are
exclusively road-fed as well. Road services are mostly in the form of supplementary services to
provide the door to door linkages having carried the bulk of long lead by rail. However, where ever
it is operationally or economically a superior option, road is used as an alternative to rail as well.
TERMINAL AND CFS OPERATOR
CONCOR started operations in November 1989 with 7 Inland Container Depots (ICDs). We
have since extended the network to a total of 79 terminals, of which 14 are export-import container
depots, 7 strategic tieups and 22 exclusive domestic container depots and as many as 36 termi-
nals perform the combined role of domestic as well as international terminals.
CONCOR's customs bonded Inland Container depots are dry ports in the hinterland, and serve
the purpose of bringing all port facilities including Customs clearance to the customer's doorstep.
The terminals are almost always linked by rail to the Indian Railway network, unless their size or
Financial Weekly

April 2021 7
INVESTMENT
location dictates that they be linked by road. The rail links enable us to facilitate the moving of large
volumes over long distances in the most cost effective manner.
CONCOR's terminals provide a spectrum of facilities in terms of warehousing, container park-
ing, repair facilities, and even office complexes. As CFS operator, CONCOR adds value to the
logistics chain by offering value added services such as
TRANSIT WAREHOUSING FOR IMPORT AND EXPORT CARGO
Bonded warehousing, enabling importers to store cargo and take partial deliveries, thereby de-
ferring duty payment
Less than Container Load (LCL) consolidation, and reworking of LCL cargo at nominated hubs
AIR CARGO CLEARANCE USING BONDED TRUCKING
In the area of domestic business door pick up and door delivery services are the most popular.
We also use our terminal network to plan hub and spoke movements that allow single customers to
move cargo to multiple locations at a single time, with CONCOR taking care of the distribution and
re distribution requirements.
The key value we offer is the provision of a single-window facility co-ordinating with all the
different agencies and services involved in the containerized cargo trade, from Customs, Gateway
Ports, and Railways, to road hauliers, consolidators, Forwarders, Custom House Agents and ship-
ping lines. To achieve a high degree of customization, we offer packages designed to provide the
most cost-effective combination of road and rail. This enables us to offer services which can be
individually tailored to every customers specifications, minimizing customers own efforts.
From its humble beginning, it is now an undisputed market leader having the largest network of
79 ICDs/CFSs in India (72 terminals and 7 strategic tie-ups). In addition to providing inland trans-
port by rail for containers, it has also expanded to cover management of Ports, air cargo complexes
and establishing cold-chain. It has and will continue to play the role of promoting containerization
in India by virtue of its modern rail wagon fleet, customer friendly commercial practices and exten-
sively used Information Technology. The company developed multimodal logistics support for India's
International and Domestic containerization and trade. Though rail is the main stay of our transpor-
tation plan, road services and also provided to cater to the need of door-to-door services, whether
in the International or Domestic business.
CONCOR is committed to providing responsive, cost effective, efficient and reliable logistics
solution to its customers. It strives to be the first choice for its customers. CONCOR is a customer
focused, performance driven, result oriented organization, focused on providing value for money to
its customers.
The mission of the Company is to join its community partners and stake holders to make CONCOR
a Company of outstanding quality. To provide responsive, cost effective, efficient and reliable lo-
gistics solutions to its customers through synergy with community partners and ensuring profitabil-
ity and growth. To be the first choice for our customers, the Company remains firmly committed to
its social responsibility and prove worthy of trust reposed in it.
Financial Weekly

April 2021 8
INVESTMENT
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Financial Weekly

April 2021 9
INVESTMENT
RESEARCH REPORT
GEE LTD
(504028) (38.55) (Face Value Rs.2)
Gee Limited is engaged in the manufacturing of manual metal arc welding/brazing elec-
trodes and continuous welding electrodes. The Company manufactures cored wire base of
metal for electric arc welding, copper-coated wires, flux cored wires and welding fluxes. Its
segments include Overseas Operations and Domestic Operations. Its product categories
include Shielded Metal Arc Welding, Gas Particulars 3 Months Ended

Q3FY21 Q3FY20 % Var.
Tungsten Arc Welding, Brazing Wires and
Sales 78.65 69.44 13.26
Fluxes, Gas Metal Arc Welding, Flux PBT 6.03 4.54 32.81
Cored Wire, Submerged Arc Welding and PAT 4.51 3.46 30.34
Low Heat Input Electrodes. Its Shielded Metal Arc Welding includes hardfacing, cellulosic,
cast iron and stainless steel; Gas Tungsten Arc Welding includes nickel and nickel alloys,
copper and copper alloys, aluminum and aluminum alloys, and bronze; Brazing Wires and
Fluxes category includes silver brazing alloys; Gas Metal Arc Welding includes low Alloy,
nickel and nickel alloys, and stainless steel, and Flux Cored Wire includes low alloy, hard
facing and low hydrogen.
GEE has an equity of Rs.4.73 crore and reserves of Rs.157 crore. The promoters hold
73.65% while the investing public holds 26.35% stake in the company. Its share book value
works out to Rs.68.4 and the price to book value ratio stands at just 0.56x.
During Q3FY21, net profit soared 30% to Rs.4.51 crore from Rs.3.46 crore in Q3FY20 on
higher sales of Rs.78.65 crore fetching an EPS of Rs.1.91. During 9MFY21, net profit grew
50% to Rs.7.90 crore from Rs.5.27 crore in 9MFY20 on sales of Rs.164.66 crore fetching an
EPS of Rs.3.35.
The GEE stock corrected almost 45% from its recent high of Rs.69.6 in October 2017. At
the CMP, GEE trades at a PE ratio of just 7.2x.
On account of strong fundamentals, it is likely to achieve decent levels in 9-12 months.
Keep stop loss of Rs.32 for your buying.
Financial Weekly

April 2021 10
INVESTMENT
SMALL BUT BEAUTIFUL IDEAS

Brijesh Barot, Surat (9723108999) brijesh_3011@yahoo.com
NCC LTD. (500294 & NSE) (78.75) (FV 2)

NCC LTD (Nagarjuna Construction Company) is not just a construction company but a com-
pany that contributes to India's progress through landmark infrastructure projects which demon-
strate far-reaching impact - beyond the realm of construction. NCC Ltd. has evolved as a leading
mother brand with BOT, Realty and International businesses.
NCC LIMITED is divided in to two groups now; one is NCC Infra and second is NCC Urban.
NCC Infra is an infrastructure development company and a wholly-owned subsidiary of NCC.
Undertaking the development of infrastructure projects through Government concessions, NCC
Infra primarily focuses on long-term infrastructure projects that offer stable revenue streams.
NCC Urban, a subsidiary of NCC, focuses on Urban Infrastructure Projects such as develop-
ment of residential & commercial complexes, serviced apartments, SEZs, integrated townships
and complexes with advanced building techniques. NCC Urban operations extend to Tier II cities
viz., Visakhapatnam, Guntur, Goa & Raipur. NCC Urban is executing approximately 8.5 million
square ft. of built-up-area in the luxury apartments & villas segment.
Technical Observations : Currently company share price quoting at 78.75 on Friday

close. Stock is in buy mode on ADX, SUPER TREND on Weekly and Monthly charts.
Accumulate on dips with Stop loss of 55 for targets of 104 (short term) /114 (medium
term) /134 (long term).
Financial Weekly

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

Financials of Insurance Companies - Part 7
Last week we understood a few key parameters and financial ratios which we need to study to
analyze performance of Insurance Companies and again this week we will try to undertstand some
other key parameters and financial ratios which we need to study to analyze performance of
Insurance Companies.
Combined Ratio -
Combined ratio is calculated as ratio of sum of losses incurred and expenses incurred by an
insurance company to during a particular period to the net premium written by the company during
the same period. It is expressed as percentage.
Combined Ratio = Incurred Losses +Expenses /Net Premium Written x 100
In other words, combined ratio can be calculated by simply adding up expense ratio and claim
ratio.
Combined Ratio = Expense Ratio + Incurred Claim Ratio
The combined ratio is a quick and simple way to measure the profitability and financial health of
an insurance company.
A ratio below 100% indicates insurance company is making underwriting profit, while a ratio
above 100% means that it is paying out more money in claims than premium it is receiving.
Even if the combined ratio is above 100%, a company can potentially still be profitable because
the ratio does not include investment income.
Investment Yield -
Investment yield is the ratio of net investment income earned by the insurance company during
a particular period to the total investments held by the company.
This ratio measures the average return company's invested assets earn.
While calculating the investment yield including capital gains, both realized as well as unrealized
capital gains are considered. It is expressed as percentage.
Investment Yield = Total

Investment Income/Total
Investments x 100
The higher the investment yield, the
better the profitability of the insurer.
Next week we shall try to understand
some other key parameters and financial
ratios which we need to study to analyze
performance of insurance companies.
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

April 2021 12
INVESTMENT
SMARTASSET MANAGEMENT
By Vijaya Kittu M, GetPaidIndia.com
The author feels investors have to track sectoral trends as a part of their stock
market research activity. This article is not a buy/sell/hold recommendation. Investing
always involves risks, including a potential loss of part or whole of the capital.
1. TheIndian Index Fundsfever increased with the Aditya Birla Mutual Fund launching two index
funds in the mid-cap and small-cap segment. The two schemes are Aditya Birla Sun Life Nifty
Midcap 150 Index Fund and Aditya Birla Sun Life Nifty Smallcap 50 Index Fund. Both the
schemes track their respective Nifty-based benchmark indices. Nippon India already has a
Midcap Index fund named Nippon India Nifty Midcap 150 Index Fund, launched in February
2021. The scheme was able to raise Rs. 25 crores AUM. Nippon India has a small-cap Index
fund named Nippon India Nifty Smallcap 250 Index Fund, launched in October 2021. The scheme
had Rs. 146 crores AUM. Studies show that distributions do not show much marketing interest
on index funds because of the low commissions they would get, and hence the schemes will
have low AUM.
2. ICICI Prudential Nifty Low Vol 30 ETF FOF was launched recently. The scheme will be in NFO
till April 6, 2021, and will become available for routine purchase after allotment. The underlying
ETF for this FOF is a Smart Beta ETF called ICICI Prudential Nifty Low Vol 30 ETF launched on
July 3, 2017. As of February 28, 2021, the scheme has an AUM of Rs. 273 crores. The launch of
FoF would increase the AUM marginally.
3. A recent SEBI circular on Additional Tier 1 (AT1) bonds (perpetual bonds or "perps") has brought
in much debate in mutual fund circles. After revision, SEBI now says that fund managers should
treat AT1 bonds that banks issue in raising capital to be treated as a 10-year paper, to begin
with, starting FY22. These bonds allow the banks to raise capital in non-equity mode but behave
like equity because banks will have a call option. Because these are traded instruments, mutual
funds do not have much problem from a liquidty perspective, at least for now.ICICI Prudential
MF, HDFC MF, SBI MF, Kotak MF, and Axis MF are the top banks having AT1 exposures.
Overall, the MF industry holds 35-40% of the AT1 bonds. All trouble unfolded because of SEBI's
circular that appears to be less appealing for banks, particularly PSBs, to raise capital using the
AT1 route. SEBI softened its circular later. SBI leads amongst the banks that use the AT1 route
to raise capital.
KWJ Investing & Trading Course - April 2021

Covers Investing Strategy, Portfolio Design,
Fundamental Analysis & Technical Analysis
Total 9 sessions on the Saturday & Sunday Weekends
Webinar Fee: Rs. 6000. Includes Study Material
To Register, WhatsApp to +91 98495 19188
Financial Weekly

April 2021 13
INVESTMENT
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Financial Weekly

April 2021 14
INVESTMENT
SMART
BUY OF THE WEEK
Dark Horse
Dark Horse-1
SHILP GRAVURES LTD
(513709) (93.15) (Face Value Rs.10)
Incorporated in 1989, Ahmedabad based Particulars 3 Months Ended
Shilp Gravures Limited manufactures and Q3FY21 Q3FY20 % Var.
Sales 19.25 18.22 5.65
sells engraved copper rollers in India. It op-
Op. Profit 4.54 3.12 45.51
erates through two segments, Engraved Cop- PBT 5.08 1.13 349.55
per Roller and Wind Mill. The company of- PAT 4.45 0.88 405.68
fers gravure cylinders, including electro-mechanically and mechanically engraved, chemically

etched, and laser rollers; and flexo plate processing, base shell, pre-press, and embossing prod-
ucts for use in flexible packaging, anilox rollers, PVC flooring, decorative laminates, specialty coat-
ings, artificial leather, gift wrapper, security printing, transfer printing, fine text, label, ceramic anilox
roller, embossing, and flexo colage applications. It also generates energy through wind mills.
SGL has an equity of Rs.6.15 crore and reserves of Rs.61.24 crore. The promoters hold 60.80%
while the investing public holds 39.20% stake in the company. Its share book value works out to
Rs.110 and the price to book value ratio stands at just 0.85x.
During Q3FY21, net profit soared 405.6% to Rs.4.45 crore from Rs.0.88 crore in Q3FY20 on
sales of Rs.19.25 crore fetching an EPS of Rs.7.23. During 9MFY21, net profit grew 315.56% to
Rs.8.81 crore from Rs.2.12 crore in 9MFY20 on sales of Rs.50.18 crore fetching an EPS of Rs.14.33.
It is regular dividend paying company and it paid 15% dividend for FY20.
The SGL stock corrected almost 48% from its recent high of Rs.179 in April 2018. At the CMP,
SGL trades at a PE ratio of just 7.5x.
Investors can accumulate this stock with a stop loss of Rs.75. It may give
very good returns in medium to long term.
Cont...
Financial Weekly

April 2021 15
INVESTMENT
Dark Horse-2
HINDUSTAN TIN WORKS LTD
(530315) (63.55) (Face Value Rs.10)
Particulars 3 Months Ended Incorporated in 1958, New Delhi based
Q3FY21 Q3FY20 % Var. Hindustan tin works ltd is one of the lead-
Sales 92.53 67.22 37.65 ing manufacturer and exporter of high per-
Op. Profit 11.19 4.49 149.22 formance can, printed sheets and related
PBT 7.77 1.76 341.47
components to consumer marketing com-
PAT 5.60 1.77 216.38
panies in India and abroad. Its
infrastructural strength, an unwavering commitment to delivering the best customer experi-
ence and stringiest quality measures that are clearly defined, strictly controlled, and firmly
enforced has allowed them to continuously fulfil the expectations of their longstanding clients
like Asian Paints, Amul, Bikanerwala, DS Group, Del Monte, Danone India, Haldiram, Nestle
India Ltd, Patanjali, Reckitt Benckiser, and many more.HTW supplies diverse range of aero-
sol cans, food cans, beverage cans, baby food cans and can components to a wide variety
of foods, beverages, baby food, health, beauty and luxury companies in more than 30 coun-
tries in Africa, Australia, Europe, Middle East, New Zealand, USA, and parts of South East
Asia. HTW's fully integrated and automated manufacturing facility is supported by high-
speed automatic printing and lacquering machines. The manufacturing facility in Murthal
spreads over 10 acres (40K Sq. Mt) and houses state of the art machines imported from
countries like UK, Germany, USA, Taiwan, Italy, Switzerland etc.
It has an equity base of just Rs.10.4 crore that is supported by reserves of around Rs.146
crore which is almost 14 times higher against equity. The promoters hold 40.48%, Insurance
Companies hold 9.83% while the investing public holds 49.69% stake in the company. Its
share book value works out to Rs.150 and the price to book value ratio stands at just 0.42x.
During Q3FY21 it has reported superb numbers. For Q3FY21, HTWL posted 216% higher
PAT of Rs.5.60 crore on 38% higher sales of Rs.92.53 crore and an EPS of Rs.5.38. During
9MFY21, it recorded 47% higher PAT of Rs.10.79 crore on higher sales of Rs.239.34 crore
fetching an EPS of Rs.10.50.
At CMP, HTWL trades at P/E ratio of 6x and is available at 45% discount to its recent high
of Rs.116.
Investors can accumulate this stock with a stop loss of Rs.50. It may give very good
returns in medium to long term.
Financial Weekly

April 2021 16
INVESTMENT
Bond yield rising & markets falling

Now what will happens in the month of March?
Which stocks will out perform the
market in the FY22
To know more about that stocks
Join Equity99
Telegram Channel:
http://t.me/equity99
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
Indraprastha M. 532150 54.00 Poly Medicure 531768 812.00
Sail 500113 76.00 Sasken 532663 853.00
GSFC 500690 82.00 Strides Pharma 532531 855.00
Orient Cement 535754 95.00 Apollo Pipes 531761 907.00
ONGC 500312 102.00 HCL Techno 532281 958.00
Tata Power 500400 103.00 Voltas 500575 978.00
Ashok Leyland 500477 114.00 IFB Industries 505726 1091.00
Prism Johnson 500338 126.00 JB Chemicals 506943 1227.00
Welspun Corp. 532144 134.00 APL Apollo 533758 1334.00
M&M Fin. 532720 206.00 Godrej Prop. 533150 1367.00
Tata Motors 500570 296.00 Shriram Trans. 511218 1428.00
Kalyani Steel 500235 308.00 Titan 500114 1506.00
JSW Steel 500228 444.00 Zuydus Wellness 531335 1962.00
Godrej Ind. 500164 531.00 Bajaj Auto 532977 3600.00
Chola Invest 511243 554.00 Blue Dart 526612 5301.00
Tata Consumer 500800 627.00 Wabco India 533023 6373.00
TRENT 500251 760.00 Atul Ltd. 500027 7005.00
Financial Weekly

April 2021 17
INVESTMENT
Stock Buzz
Subramanian Mahadevan
dolphincapital@gmail.com
IOL Chemicals and Pharmaceuticals Limited

(Rs.569) (BSE Code : 524164) (F. V. 10.00) (Group : A)
Healthy Prescription!
IOL Chemicals and Pharmaceuticals Limited (IOLCP) - is a Ludhiana, Punjab based company
incorporated in 1986 to provide qualitative products in bulk chemicals, intermediate specialty chemi-
cals and APIs by constant innovation and breaking technological barriers with due regard to safety
and environment and always aspired to be the most admired and valuable company in APIs/bulk
drugs, Intermediates and specialty chemicals globally. IOLCP is one of the leading APl's/ bulk
drugs company and is a significant player in the field of specialty chemicals with world class facili-
ties. The key highlights of the company are - workforce of 2000+, largest producer of Ibuprofen and
the only company worldwide being backward integrated with ~35% market share, largest producer
of Ethyl Acetate at Single Location in India and finally the 2nd Largest producer of Iso Butyl Ben-
zene (IBB) with ~30% Global share. The company generates 60% of revenue from Pharma (API's)
division and rest from chemicals. Its chemicals find application in diverse important industries like
pharmaceuticals, ink industry, flexible packaging, adhesives, surface coatings, flavors, paints &
lamination and essences etc. IOCLP pharma division has wide presence across various therapeu-
tic categories like Pain Management, Anti-Diabetic, Anti-Hypertensive, Anti Convulsants,
etc…IOLCP closed FY20 with topline of 1910.50 crore and PAT of 361.3 crore with debt/equity
ratio to 0.1 from 2.0 three years before. During the COVID times, the company significantly scaled
up supply of key API's helping the needs to of key pharma clients for the fight against the COVID-
19 pandemic besides better show for nine months of FY21 with topline of 1524.70 crore and a
bottom-line of 369.30 crore, a profit growth of 24.2% same period previous year. IOLCP used to
have debt of around 422 crore in FY18 which came down to less than 25 crore in H1FY21 due to
favorable demand environment for all of its products and key initiatives taken by the management.
Investors are advised to buy IOLCP at current market price and on every market decline given its
superior business model, integrated manufacturing facilities with economies of scale and global
footprints, improving financial position, leadership status with promoter holding of around 44%
equity for double digit returns in years to come.
Financial Weekly

April 2021 18
INVESTMENT
- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789
Nifty : In Last Trading Session, Nifty closed at 14622. Nifty gave a good correction last week.
Last Trading session, Nifty bounced back and closed at around 14622. The current level is both
support and resistance. If it continues to trade above 14600 for few trading session then it might be
positive again but if it goes below 14450 levels then can see levels of 14200/14000/13800. Nifty
strong resistance is at 15000/15300 levels. The trading range for Nifty is 14200/14950 levels.
Bank Nifty : In Last Trading Session, Bank Nifty closed at 33719. Even Bank Nifty gave good correc-
tion is currently at support. It might bounce a bit but we need to check whether it will sustain. Bank Nifty near
resistance is at 34300 levels while far resistance may be around 34800/35300 levels.
Trading Results
Scrip Name BSE Code Buy / Enter at Did High/ Remarks
Sell Low
BHEL 500103 Buy 47.20 49.85 Did High
Dabur 500096 Buy 520 534 Target Achieved
Grasim 500300 Sell 1437 1363 Target Achieved
Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Asian Paints 500820 2517 2470/2480 2525 2575 2425
Bandhan Bank 541153 349 330/335 350 365 320
Coal India 533278 130 120/125 140 155 114
Dabur 500096 533 520/525 535 550 515
HPCL 500104 231 220/225 235 245 215
HUL 500696 2327 2275/2300 2350 2400 2245
Pidilite Ind 500331 1810 1770/1780 1835 1865 1740
Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Adani 512599 995 1050/1065 1030 1005 1090
Grasim 500300 1413 1440/1450 1430 1405 1470
Hindalco 500440 328 355/360 340 320 370
Infy 500209 1350 1395/1405 1360 1320 1430
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

April 2021 19
INVESTMENT
Smart Education - Yog Joshi

Technical Analysis
From
Basic to Advance
Swing Trading (5)

Swing Reversal with Single Candlesticks Pattern
Hello Friends,
Hope you all are doing Well...!!!
In earlier topic of "Technical Analysis from Basic to Advance" we discussed in

detail about Japanese Candlesticks Chart and Single Candlesticks Reversal
patterns
Today we are going to discuss about place and effect of the Single Candlesticks
Reversal patterns with respect to Swing Trading.
We start with :-
Up Swing / Trend Reversal Patterns and its location
and effect :-
As we all know that Doji, Hanging Man, Shooting Star are known as a Single
Candlesticks Reversal patterns, if this type of pattern formed at top of the Up
Swing / Trend and confirmed by Bearish Candlesticks, it can be considered as a
good sign of Up Swing / Trend reversal indication
Down Swing / Trend Reversal Patterns and its loca-

tion and effect :-
Doji, Hammer , Inverted Hammer are known as a Single Candlesticks Rever-
sal patterns, if this type of pattern formed at bottom of the Down Swing / Cont...
Trend
Financial Weekly

April 2021 20
INVESTMENT
and confirmed by Bullish Candlesticks, it can be considered as a good sign of

Down Swing / Trend reversal indication
It can be easy to understand with the help of given picture
Here Doji is considered as a neutral candlesticks patterns which comes in

both Swing (Up as well as Down Swing) and works as a Swing Reversal pattern.
Financial Weekly

April 2021 21
INVESTMENT
Financial Weekly

April 2021 22
INVESTMENT
TRADNICAL STRATEGY
Email: nimesh_thaker@yahoo.co.in, M. 9228237373
NIMESH THAKER, BARODA
Sebi Registered No. : INH000005874
Is it Pause in the Correction,

OR
Is It Trend-Reversal ?
Happy HOLI to all readers...
Last week was very volatile where bear's got control in the market, even global cues was sup-
portive for bulls. From a global point of view sentiment was positive for equity but Indian markets
had underperformed last week. only three trading days are there in the next week, so I think traders
were avoiding creating a big position.
On technical chart point of view, Big red candle (Thursday’s) on daily chart indicates weakness
but follow-up bearish signal was missing on Friday. So, I believe this is minor win for bulls to stop
the bears. Nifty corrected 7% from its recent high of 15336 level. History says that, if the market is in
a bull run and if it, falls 8%-10% then these falls could be considered as healthy for fresh purchase.
DII doing the same thing and doing aggressive buying since the last two days. I think the down-
side 14250-14115 zone would act as a strong support zone. while 14720-14850 would act as
resistance for next week.
On option point of view, Nifty 14500 and 14300 put option indicating short build up, and 14400
call option indicating minor short covering. It means that short term traders are not expecting much
downside in the market.
On bank nifty, Hammer pattern was seen in the bank nifty near 100 days EMA on the daily chart.
On the downside 32400-32170 acts as a support zone. while on upside 33970-34500 would be
the resistance zone. I think that short term corrections are over and we can expect a bounce in
Bank nifty.
With Keep in mind all above data I think this is the right time to accumulate good quality stock
from a medium to long term point of view. there could be volatility in the market for some more time.
So, it is advisable to add to in phase manner. For Short term traders, I recommend to buy bank nifty
at a lower level.
For you investment related queries you can contact me on 9228237373.
HDFC AMC- Buy

Buy Range: 2850-2785, Target: 3200-3350 Stop Loss 2710
Allocation: 15% of Trading Capital
The stock trades near falling trendline support which I considered as a strong support zone on
the daily chart. The stock also indicates trend reversal. I expect the stock may test up to 2850-2785
level in the short term hence recommend to buy with stop-loss below 2710 level on closing basis.
Financial Weekly

April 2021 23
INVESTMENT
Techno Funda Sachin Shah :

growyourwealthwithsachin@gmail.com
(Mumbai)
sound stocks M. : 9372144204
On 11th January 2021, I recommended STYLAM INDUSTRIES at 952.7, during the last
week it zoomed to Rs.1474.9 levels and recorded almost 55% appreciation in just less than
three months.
3M INDIA (523395 & NSE) (28816.5) (FV 10)

3M India Ltd is the flagship listed company of 3M Company USA in India. 3M Company
USA holds 75% equity stake in the company and is a diversified technology and science
company with a global presence in Industrial; Health Care, Consumer Safety and Graphics,
Energy businesses and is among the leading manufacturers of products for many of the
markets it serves. 3M India has manufacturing facilities at Ahmedabad, Bengaluru, Pune and
has the Corporate Office and Customer Innovation Center (R&D Center) in Bengaluru.
Promoter holding : 75%, Pledge: 0%, Debt Free, Net Cash Flow Positive
Operating Margin : 14.60%, ROCE: 24.23%, ROE: 18.4%
Technically : The stock has given a breakout after consolidating in a range for 3 years.
Accumulate on dips and corrections with a price target of 38000 over the next 18 to 21
months.
Financial Weekly

April 2021 24
INVESTMENT
HONEYWELL AUTOMATION INDIA LTD

(517174 & NSE) (45349.9) (FV 10)
HONEYWELL founded in 1885 in Minneapolis (USA). Honeywell Automation India Limited
is a domestic leader in process automation and pioneer in related technologies. The com-
pany has built a global engineering services business, which caters largely to the parent and
its overseas subsidiaries. The company has a market leadership in the domestic oil and gas
space in the refinery and retail stations.
Promoter holding : 75%, Pledge: 0%, Debt Free, Net Cash Flow Positive
Operating Margin : 21.07%, ROCE: 30.30%, ROE: 22.56%
Excellent growth potential on the path of Industrial recovery in India in providing solutions
for airports, building solutions, digitalization, oil &gas, pharma and life science. Consistent
compounding over the years.
Technically : Accumulate on dips and corrections with a price target of 55000 over the
next 18 to 21 months.
Financial Weekly

April 2021 25
INVESTMENT
Terrific Shots - Dilip K. Shah
Tech Mahindra (Rs. 991.00) (Code: 532755) :- The promoters

hold 26.04% in the IT consulting and software company. It has been promoted by $21 billion Mahindra
Group and has 2.40 lakh employees across 100 countries. Mahindra and Mahindra hold 26.04%
stake in the company. It boasts of important position in digital transformation, consulting, business
engineering and solutions sector. The company's 50% income comes from US, 25% from Europe
and 25% from other countries. In December quarter, the company witnessed net profit of Rs. 1290.07
crore on consolidated income of Rs. 9647.06 crore and other income of Rs. 220.90 crore. There is a
possibility of buy-back in this stock. It may cross Rs. 1300 level in medium to long term.
Zydus Wellness (Rs. 1962.00) (Code: 531335) :- It is a

subsidiary of Cadila Healthcare. The company has brands like Complain, Sugar Free, Glucon D,
Ever Youth, Nutralite and Sugarlite under its belt. It has acquired Complain from other company
and has been carrying forward it successfully. It accounts for a huge stake in sugar free segment. In
December quarter, the company's income increased from Rs. 332.67 crore to Rs. 49.53 crore,
while profit decreased from Rs. 4.24 crore to Rs. 1.74 crore. The profit has dipped due to higher
interest cost which was on account of acquisition of a big company. The interest cost is likely to go
down in future which may strengthen the bottom line.
Wheels India (Rs. 455.00) (Code: 590073) :- It is promoted by

TVS Group, which supplies tyres for car, commercial vehicles, tractors and mining & construction
equipment. In December quarter, the company's income increased from Rs. 583 crore to Rs. 640
crore, while profit increased from Rs. 9 crore to Rs. 12 crore. The operating profit also increased
from Rs. 41 crore to Rs. 51 crore. As against equity of Rs. 24 crore, the company has reserves of
Rs. 537 crore. It paid 30% interim dividend and 26.5% final dividend for FY2020.The automobile
sector is riding the bullish trend which may benefit the company. The stock can be purchased in
phased manner.
Bajaj Electricals (Rs.950.00) (Code:500031) :- The Bajaj

Group's electrical segment company's financial performance has been strong for last three-four
quarters. But in December quarter, the company's income increased from Rs. 1284 crore to Rs.
1500 crore, while profit increased from Rs. 10 crore to Rs. 99 crore. As against equity of Rs. 23
crore, the company has huge reserves of Rs1401 crore. The company's profitability may increase
as the E&P segment projects have been commenced. In lighting and consumer durable businesses,
the volume growth may improve. E&P segment contributes 60-65% in the company's income. It
declared 175% dividend for 2019. It can be invested in 2-3 phases.
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

April 2021 26
INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
Amid two-sided volatility the cautious

approach can be seen on upward movement
BSE Index (49008.50) :- It is moving downward from top of 52516.76. It shows to-
wards oversold position on daily and weekly basis, while overbought to neutral on monthly
basis. On upward movement, beyond 49234 it may go up to 49345, 49640 with resisting level
at 50264. On downward movement, below 48235 it may go down to 48150, 47750 and 47350.
Bank Nifty Future (33719.95) :- It shows downward movement from top of 37770. It
shows oversold position on daily and weekly basis, while overbought to neutral on monthly
basis. On upward movement, beyond 33834 it may go up to 34185 with resisting level at
34560. On downward movement, below 33335 it may go down to 32190, 32391, 31690 and
31175.
Nifty Future (14622.20) :- It shows downward movement from top of 15524. It shows
towards oversold position on daily basis and weekly basis, while overbought to neutral on
monthly basis. On upward movement, beyond 2905 it may witness resisting level at 3005.
On downward movement, below 2787, it may go to 2725, 2585, 2430.
Axis Bank (698.20) :- It shows downward movement from top of 799. It shows over-
sold position on daily basis, towards oversold on weekly basis and overbought on monthly
basis. On upward movement, beyond 713 it may witness resisting level at 720. On down-
ward movement, below 680 it may go down to 674 and 646.
Bajaj Finance (5183.05) :- It shows downward movement from top of 5822.20. It
shows oversold position on daily basis towards oversold on weekly basis and overbought on
monthly basis. On upward movement, 5312 could be resisting level. On upward movement,
beyond 5103 it may go down to 4970 and 4786.
M&M (799.35) :- It shows downward movement from top of 952.05. It shows oversold
position on daily basis, towards oversold on weekly basis and overbought to neutral on
monthly basis. On upward movement, beyond 814 it may go up to 820 with resisting level at
830. On downward movement, below 788 it may go down to 760, 735 and 714.
Wipro (403.90) :- It shows downward movement from top of 467.45. It shows oversold
position on daily and weekly basis, while overbought to neutral on weekly basis. On upward
movement, beyond 411 it may witness resisting level at 420. On downward movement,
below 397 it may go down to 390, 371 and 350.
Disclosure : The Recommendations are based on technical analysis. There is a risk of loss in trading.
Golden quote :-
The undertaking of a new action brings new strength
Financial Weekly

April 2021 27
INVESTMENT
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Buy... Buy... Buy on Dips Hold Sell on High

NHPC 23.00 Indusind Bank 952.00 Power Grid 214.00
Oil India 118.00
Adani Power 94.00 ICICI Bank 578.00 LUPIN 979.00
Gujarat Gas 518.00
3M India 28816.00 Hindalco 327.00 Future Retail 47.00
Tata Chemicals 744.00
NMDC 126.00 Just Dial 860.00 Cadila HC 420.00 PVR 1219.00
Jindal Steel 324.00 Nalco 53.00 Tata Steel 766.00 Hathway Cable 25.00
Equitas 86.00 DLF 279.00 Sun Pharma 587.00 Asian Granito 139.00
Hindsutan Zinc 277.00 LIC Hsg. 419.00 IndiGo 1613.00
TCS 3068.00
Kesoram Ind. 70.00 Redingotn 163.00
MOIL 138.00 PI Ind. 2272.00
RVNL 29.00 Intellect Design 623.00 Spice Jet 69.00
Berger Paints 759.00
Vascon Engg. 18.00 Selan Exploration 130.00 SUN TV 454.00
Tech Mah. 991.00
Manglore Chem. 72.00 India Energy Ex. 339.00 SRF 5267.00
Financial Weekly

April 2021 28
INVESTMENT
Dilip Davda
e-mail Expert’s Eye
dilip_davda@rediffmail.com
Derivatives expiry weekends in red

The week marked flat but divergent openings and thereafter it witnessed highly volatile
trades for the derivatives expiry week. In fact, for the first session it closed in red and
marked pull back rally for the second session. For third and fourth session, the indices
nosedived on reports of second wave of Corona pandemic with rising numbers day by day
and kept operators on their toes. Thursday for weekly as well as monthly expiry, it posted
recent lower closure. However, for the last session on Friday, it opened on a positive note
and traded in green pasture for the day. Friday gains of the market attributed to short cover-
ing ahead of year end NAV building exercise.
For the week, benchmarks posted highly volatile move with a sliding
tone in the range of 50264.65 - 48236.35 for BSE Sensex and 14878.60 -
14264.40 for NSE Nifty.
The derivatives expiry week under report marked LOSS of 849.74 points for BSE Sensex
and 236.70 points for NSE Nifty.
With the divergent openings on Monday, market traded in red for the day post morn-
ing hours and closed flat but in minor losses. BSE Sensex lost just 86.95 pints to close at
49771.29 and NSE Nifty marked deficit of mere 7.60 points to end the day at 14736.40. Being
the final derivatives expiry week of the fiscal, volatility was at the centre stage, FMCG, IT,
Pharma counters lead the rally but Banking counters dragged down the market sentiment for
the day and got support from heavy weights in Consumer Durables and Auto counters. Mid
and Small cap indices outperformed the benchmarks and kept market breadth positive for the
day. FIIs were the net sellers while DIIs were the net buyers for the day.
On Tuesday markets opened on a positive note and after moving both ways, finally it
closed in green with some gains. BSE Sensex scored 280.15
BONUS ANNOUNCED
Prime Fresh (2 for 1) points to end the day at 50051.44 and NSE Nifty gained 78.35
Cont....
RIGHT ISSUE DIVIDEND ANNOUNCEMENT
Colgate Palmolive (2000%), RailTel Corp (10%), NACL (15%),
KDDL Saregama (200%), Sundaram Clayton (220%), TVS Motors (140%), Edel-
7 SHARES FOR weiss Fin (990%), SBI Life (25%), Shriram Transport (60%), India Nippon
(120%), RVNL (11.4%), Shriram City Union (100%) etc.
EVERY 75 SHARES.
Financial Weekly

April 2021 29
INVESTMENT
points to close at 14814.75. Thus BSE Sensex regained its 50K level for the close. Short
covering in Banking counters, surge in Cement counters and selective buying in Auto and
Consumer Durables helped indices to close in green for the day. Mid and Small Cap indices
outperformed for the second session in a row and helped market breadth to remain positive.
Even when market closed in green, FIIs and DIIs were the net sellers for the day.
On Wednesday, we marked gap down openings and after trading in red for the
session, finally ending with mega losses. BSE Sensex lost 871.13 points to close at 49180.31
and NSE Nifty marked deficit of 265.35 points to end the day at 14549.40. Spread of second
wave of Covid 19 pandemic with rising cases kept a tab on general sentiment as selling
across the board under panic dragged down the market in a big way. Reliance Industries too
lost over Rs. 42 on hammering. Though Mid and Small Cap indices outperformed the bench-
marks, market breadth turned hugely negative. FIIs remained net sellers for the day while
DIIs turned net buyers.
With cautious positive openings on Thursday, after moving both ways, indices fi-
nally closed in red with big losses. BSE Sensex marked deficit of 740.19 points to end the
day at 48440.12 and NSE Nifty lost 222.50 points to close at 14324.90. Thus while Sensex
closed below 48.5K, Nifty below 14.4K and raised concern. IT, Auto, Banking, Consumer
Durables, FMCG counters witnessed heavy offloading at every rise and dragged down the
indices. Mid and Small Cap indices underperformed benchmarks and kept market breadth
hugely negative. FIIs remained net sellers while DIIs net buyers for the day.
With a gap up openings on Friday, we marked positive trades for the session that
closed with good gains. B SE Sensex scored 568.38 points to close at 49008.50 and NSE
Nifty gained 182.40 points to end the day at 14507.30. Thus closing of both benchmarks
above 49K and 14.5K respectively brought sigh of relief. Tata group shares Tata Steel and
Tata Motors lead the rally and got support from Bajaj Finserve, Asian Paints, Hindalco, Titan,
Hind Unilever, GAIL, Bharti Airtel etc. Fancy counters in side market too gained on informed
buying. Market snapped last two sessions falling trends. While Mid Cap indices outper-
formed benchmarks, Small Cap indices underperformed, but market breadth remained posi-
tive for the day. FIIs were token net seller while DII were the net buyers for the day.
Dollar hovered around Rs.72.50 a Dollar for the week. Though Brent Crude oil prices
firmed up to mark $ 64.30 a barrel for the weekend we witnessed fall in petroleum product
priced twice in a row during the week. For the ensuing week we have just three sessions as
on Monday (29.03.21) on account of "Rang Panchami" and on Friday (02.04.21) on account
of "Good Friday" markets are closed and that will bring in highly volatile trading week. Market
Financial Weekly

April 2021 30
INVESTMENT
will take major triggers from global markets as usual and will mirror dispatch data of Auto and
Cement sectors during the ensuing week. Around 90 corporate results are lined up for the
week that will keep market in stock specific mode.
Amidst such conditions with ongoing trends, bench-

marks movement is likely in the range of 51000-47000
for BSE Sensex and 15000-13500 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 infor-
mation 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)
Nifty & Sensex Movement during the last week

BSE-Sensex Open High Low Close Diff
22-03-2021 49,878.77 49,878.77 49,281.02 49,771.29 -86.95
23-03-2021 49,876.21 50,264.65 49,661.92 50,051.44 280.15
24-03-2021 49,786.47 49,854.58 49,120.34 49,180.31 -871.13
25-03-2021 49,201.98 49,247.95 48,236.35 48,440.12 -740.19
26-03-2021 48,969.25 49,234.66 48,699.91 49,008.50 568.38
Net Weekly Loss -849.74
BSE-Sensex Open High Low Close Diff
22-Mar-21 14736.3 14763.9 14597.85 14736.4 -7.6
23-Mar-21 14768.55 14878.6 14707 14814.75 78.35
24-Mar-21 14712.45 14752.35 14535 14549.4 -265.35
25-Mar-21 14570.9 14575.6 14264.4 14324.9 -224.5
26-Mar-21 14506.3 14572.9 14414.25 14507.3 182.4
Net Weekly Loss -236.7
Financial Weekly

April 2021 31
INVESTMENT
A. K. Asnani
(M) 9893512098
Smart Verc (Bhopal)
Author of Book
Way to Billionaire
Bull run foundation laid! What next?

From the low of 25,981 on 23 March 2020, the BSE Sensitive Index crossed 48,000 mark on 4
Jan 2021 without any major corrections. Since then, the BSE Sensex is hovering around 50,000
mark and is unable to decisively move ahead of this mark.
The strong upside movement has been well supported with very strong growth in bottom-line
from the corporate sector for the second and third quarters. Listed non-finance companies reported
about 56% increase in Net Profit for the third quarter on year-on-year and 31% on quarter-on-
quarter.
Then what is stopping the market?

" Despite spike in profitability, the valuations are not cheap
" Psychological barrier of 50,000 mark
" Investors are wary of investing at historic high levels
" Rise in raw material prices like Steel, Aluminium, Copper, Crude etc
" High inflation
Apart from low raw material prices there were many reasons for the sharp jump in profitability,
like renegotiated rentals, very low travel expenses, salary cuts, bonuses capped, incentives
reduced,reduction in marketing expenses, staff cost cut by letting-go a lot of employees,
increasinguse of technology & digitization, growth in agri-sector pushed up rural demand, some
companies reduced debt that led to lower interest costs, etc.
Many of these advantages may not sustain in the forthcoming quarters but new positives are
pouring-in like substantial hike in Government spending on infrastructure development, prediction
of a normal monsoon for the third year in a row, very good response to PLI scheme, low interest
rates and soft property rates added with concessional stamp duty rates in certain stateshas propped
up the demand, rising employment, expectation of further opening-up of developed economies,
continued stimulus provided by USA and other developed countries, etc.
Lots of major reforms have been undertaken during last 5-6 years (Insolvency and Bankruptcy
code (IBC), Goods and Services Tax (GST), Real Estate Regulatory Authority (RERA), sharp re-
Cont...
Financial Weekly

April 2021 32
INVESTMENT
duction in Corporate tax, Labour and Farmer laws, PLI, Privatisation, etc). The combined impact of
these reforms along with increased Government spending and China +1 policy to be adopted by
many global stalwarts can significantly increase the GDP growth rate. Most of the leading institu-
tions have projected GDP growth of 12% plus for next year, of course on low base.
It's time to re-organize your portfolio. More focus should be provided to well established compa-
nies. Avoid high exposure to 'Dark Horses'. Some mid-sized Pharma and Specialty companies
hold tremendous potential. Be very careful with metal, mineral and commodity companies. Be vary
of turn-arounds.
Happy Investing.
A. K. Asnani
Author | Advisor | Coach | Mentor | Speaker
+919893512098
smartasn@gmail.com
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Financial Weekly

April 2021 33
INVESTMENT
Scrip Watch - Siddharth Shah
Dr. Reddy’s Labs. (Rs. 4405.00) (Code : 500124) :- Dr

Reddy's Laboratories is an integrated pharmaceutical company. Through its three businesses
- pharmaceutical services & active ingredients, global generics and proprietary Products.
mproving growth prospects, sturdy new product pipeline, growth in the base business would
be te key drivers for US business, which is expected to clock a double digit growth over the
next two years. India business expected to stage a double digit growth backed by improve-
ment in the IPM, pick up in the acquired portfolio and an expected growth in the acute
therapy. The Sputnik-V Vaccine, if approved, could unlock sizeable growth potential and
could result in earnings upgrades. Invest.
Sonata Software (Rs. 489.00) (Code : 532221) :- Shares of

Sonata Software gained last week in an otherwise weak market, after it announced its plans
to tap the Customer Experience (CX) market to fuel growth with the launch of ‘Cxe’. Cxe is
the company's unique enhanced integrated CX management solutions, developed using the
‘Platformation’ approach --Sonata’s highly acclaimed framework for digital transformation.
‘CXe’ is a compelling offering from Sonata designed for clients across the globe looking for
holistic end-to-end CX solutions in the post-pandemic new normal. Sonata had, in March
2020, acquired the Melbourne based GBW, pioneers in the CX domain with 30 years' experi-
ence delivering CX improvement for marquee brands across the globe. It will increase its
business significantly. Buy. Buy more on decline.
JB Chemicals (Rs. 3075.00) (Code : 540902) :- JB Chemi-

cals and Pharmaceuticals had posted the best quarterly revenue growth performance in the
December quarter among larger generic pharma companies. The KKR-owned pharma major
which gets about 48 per cent of its revenues from the domestic formulation space outper-
formed its peers in the quarter on the back of strong growth in the cardiovascular segment.
The company continues to fare better than peers in the current quarter as well. India busi-
ness would remain key priority with an expectation of 12-14% improvement in MR productiv-
ity. R&D initiatives would enhance to support increased filings in US. Buy in phased manner.
Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm,
his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested
interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based
on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible
for any legal or financial losses made by anybody.
Financial Weekly

April 2021 34
INVESTMENT
Market Tips - Het Zaveri
Asian Paints (Rs. 2504.00) (Code : 500820) : APL’s focus on

becoming a complete home improvement player improves its revenue streams; paint con-
sumption would also rise as villages transform into tier 2/3 towns will add-on to revenues.
Recovery seen post opening up of the economy is expected to continue in FY2022 as buoy-
ancy in rural demand is expected to sustain, whilelower interest rates would result in surge
in home improvement projects in tier 1/2towns. APL’s revenues and net profit are expected
to clock CAGR of 11% and 17% over FY2020-23E, respectively. The stock is currently
trading at 53x its FY23E earnings. Favourable risk-reward and strong future growth pros-
pects makes a good pick in the large cap FMCG space from long term perspective. Buy in
phased manner.
KSB Ltd. (Rs. 885.00) (Code : 500249) :- KSB Ltd had reported
9.76% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs369.90
crore. If you look at the two principal verticals in which KSB operates, the company wit-
nessed good yoy growth in the output and sales of pumps and valves. The impact of the
COVID pandemic on the company is fairly limited and that is evident from the fact that even
in Sep-20, there was no base effect to fear about. The consolidated net profit for the Dec-20
quarter was almost flat at Rs32 crore. Despite higher sales, the company managed to grow
profits at only a flat rate due to the deferred tax benefit taken by some companies. Due to the
profit fall on a higher sales base, the net profit margins fell from 9.67% in Dec-19 to 8.65% in
Dec-20 quarter. Going ahead, demand is expected to increase. Buy.
M&M (Rs. 800.00) (Code : 500520) :- Ministry of Defence (MoD)

signed a contract with Mahindra Defence Systems Ltd (MDSL) for the supply of 1,300 Light
Specialist Vehicles to the Indian Army, at a cost of Rs 1,056 crore, in New Delhi on March
22, 2021. The induction of vehicles is planned to be completed in four years. It will be a major
boost for M&M, the parent company. The management has already guided that there will be
strong order book in defense sector as the government has been focusing on AtmaNirbhar
Bharat. The tractor business growth for the second half of FY21 will be on the higher teen
side so that EBITDA margin will set-off the overall loss they have made in commercial and
passenger vehicle segments. There are two parts of this because on the one hand, the
attractive valuations and the cash free balance sheet and the healthy cash flows they are
generating are very attractive for the investors at current pricing. Buy.
Cont...
Financial Weekly

April 2021 35
INVESTMENT
Linde India (Rs. 1723.00) (Code : 523457) :- Linde India

Limited, formerly BOC India Limited, is a member of The Linde Group and the leading indus-
trial gases company in India. It owns and operate India‘s largest air separation plant and run
more than 20 production facilities and filling stations across the country. We supply more
than 20,000 gases. The company has a strong balance sheet and cash position. With further
control on cash flows and receivables, the company does not see any issues with regard to
liquidity or ability to service its existing debts. The Project Engineering Division (PED) com-
prises the business of designing, supply, installation and commissioning of tonnage air sepa-
ration units (ASU) of medium to large size. Buy on decline.
Happiest Minds Technologies (Rs. 523.00) (Code :

543227) :- Happiest Minds Technologies Ltd. stock hit 52-week high of Rs.586 last
week. The company aims 20% operating revenue growth for the upcoming financial year as
businesses continue to move online amid the coronavirus pandemic. Its chairman says that
the company is currently focused on upselling and cross selling its existing services, rather
than wooing new businesses. Meanwhile, Happiest Minds has entered into a partnership with
Ilantus Technologies to enhance its Identity and Access Management capabilities while sup-
porting customers in their Cybersecurity journey. It will minimize the risk factor arising from
identity and access thefts while improving customer experience. Happiest Minds Technolo-
gies stock has already more than tripled in value since the launch of its IPO in September
last year.
Financial Weekly

April 2021 36
INVESTMENT
SMART TIPS Smita N. Zaveri
GSPL (Rs. 265.00) (Code: 532702) :- Shares of A Group listed GSPL

touched a 52-week high of Rs. 311 and low of Rs. 146. Gujarat State Petronet has presence in the energy
value chain, and is engaged in gas transmission, city gas distribution, power generation, information tech-
nology, etc. It is a pioneer of gas transportation infrastructure, and plays a critical role in transporting gas
from LNG terminals and other sources to customers. The company has presence across Gujarat, and is
also expanding outside the state. Its consortium partners include IOCL, BPCL, and HPCL, and clients
include refineries, steel plants, fertilizer units, power projects, textiles and chemicals units. GSPL’s market
cap is Rs. 14,635 crore. For the December quarter, its consolidated income rose 8.4% from Rs. 3027 crore
to Rs. 3282 crore, whereas profit jumped 48% from Rs. 318.32 crore to Rs. 470.45 crore. Its equity is Rs.
564 crore, and it has reserves of Rs. 4320 crore. The stock is trading at a P/E multiple of nine. It can be
seen touching a new 52-week high in the medium term.
Orient Cement (Rs. 96.00) (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. 113 and low of Rs. 35. It is a part of the CK Birla Group, a respected investor-friendly
business house. It has manufacturing plants at Telangana, Maharashtra, and Karnataka, and its product
mix includes Ordinary Portland Cement (OPC) and Pozzolana Portland Cement (PPC) which are marketed
under the brand name 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 the December quarter,
Orient’s income grew 7.1% to Rs. 604.61 crore, while net profit zoomed 1049% to Rs. 53.88 crore. EBITDA
jumped 150% to Rs. 144 crore. Its equity is Rs. 20 crore, and reserves of Rs. 1097 crore. The stock can be
seen crossing the 52-week high in the short to medium term.
JK Paper (Rs. 152.00) (Code: 532162) :- Shares of this B Group

listed paper products company touched a 52-week high of Rs. 167 and low of Rs. 62. The company makes
office paper, packaging boards, printing & writing paper, and specialty paper. Its two plants have a total
capacity of 45,000 tonne per annum. The ban on single use plastic had led to a sharp rise in the share of
paper producers. JK Paper has 18 depots, 4,000 dealers, and 230 stores in India. Its products are exported
to over 60 countries. It has a market share of 24%. The company had acquired a plant in Telangana for Rs.
375 crore some time back. Book value of the share is Rs. 137.76. For the December quarter, it reported
income of Rs. 770 crore and profit of Rs. 64 crore. In the last three years, its income has grown at a CAGR
of 5.9%, profit at 40.4%, and operating profit at 19%. Its equity is Rs. 178 crore, whereas reserves stand at
Rs. 2156 crore. Levy of anti-dumping duty on uncoated copier paper from Thailand, Indonesia, and Singapore
should help the company. The stock can be seen at new highs.
Praj Industries (Rs. 186.00) (Code: 522205) :- Shares of this A

Group listed company have a face value of Rs. 2. The shares touched a high of Rs. 189 and low of Rs. 43
in the last 52 weeks. Promoter holding in the company is 32.92%. Established in 1985, the company has its
plant in Maharashtra. Over the years, it has provided plant solutions to 26 Greenfield ethanol projects. The
increase in biofuel bending in fuels is positive for the company, which has 70% share of bio energy busi-
ness in India. Praj is a debt-free company and has a market cap of Rs. 2382 crore. It has recently won a Rs.
226.90 crore order for a zero liquid discharge systems water treatment package from IOC. For the Decem-
ber quarter, its consolidated income grew 15.8% to Rs. 347.78 crore from Rs. 300.34 crore, and profit
jumped 36% to Rs. 28.16 crore from Rs. 20.67 crore last year. EBITDA jumped 46.7% to Rs. 45.17 crore.
The stock is quoting near its 52-week high price, and can touch new highs 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 26th March, 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

April 2021 37
INVESTMENT
Smart super duper - Het Zaveri
India Cements (Rs.162.00) (Code: 530005) :- The company

promoted by S Srinivasan is engaged in selling cement in South Indian Markets. However, it is
also expanding its presence in Western Indian Markets. The company has eight plants in south
India, one plant each in Maharashtra and Rajasthan. As against equity of Rs309.90 crore, the
company has reserves of Rs. 5260 crore. The company is facing high debt problem for a long term.
The company's results have been poor but RadhakishanDamani and his family has increased the
stake in the company. If the market insiders are to believe, the Damanis are moving forward for
hostile takeover of the company because the promoters have only 28.26% stake and out of that
shares worth Rs. 249 crore are pledged. In such scenario, re-rating is in a big way is possible. The
recent reports indicate hike in cement prices in South India, which is positive sign for the company.
Indraprashta Medical (Rs. 53.00) (Code: 532150) :- It is

Apollo operated Hospital which is based in Dehli. As against equity of Rs. 91.67 crore, the com-
pany has reserves of Rs. 153 crore. In December quarter, the company's income increased to Rs.
180 crore and profit increased to Rs. 12 crore. The company paid regular dividends including 16%
in 2019. Despite bad economic situation the company paid dividend for FY2020. The first half of
FY2021 was poor for the sector, but now it has come out of that and it is witnessing pre-COVID
growth. The other companies of thesector are also trading at higher valuation, so the stock seems
attractive at current rate.
GSFC (Rs. 82.00) (Code: 500690) :- Gujarat Government promoted

company produces chemical and fertilizers. The Government of Gujarat owns 37.84% and public
hold 62.16% stake in the company. In December quarter the company declared turnaround results,
where in the sales decreased from Rs. 5935 crore to Rs. 5894 crore, while the profit increased from
Rs. 47.80 crore to Rs. 300 crore. The chemical sector is witnessing a boom currently and the
company's products are much in demand. The bullish trend is likely to continue in the chemical
sector. The State PSU pays regular dividend. It paid 60% dividend for FY2020. The stock is in
consolidation zone for some time but it can be invested in with long term perspective.
Srikalahasthi Pipes (Rs. 168.00) (Code: 513605) :- Ear-

lier it was known as Lacro Industries. The pig iron and cement company was set up in 1991. The
company's pig iron capacity was 90000 TPA and Cement capacity was 90000 TPA. Then it started
manufacturing of iron casting and spun pipes with capacity of 40000 TPA and 35700 TPA respec-
tively. In December quarter, the company's income decreased from Rs. 446 crore to Rs. 427 crore,
while profit decreased from Rs. 68 crore to Rs. 47 crore. The stock seems attractive at current price
and can be invested with long term outlook. It paid 60% dividend for FY2019 and 70% for FY2020.
Nal Se Jal scheme may prove beneficial to the company as it is receiving huge orders under this
scheme.
Financial Weekly

April 2021 38
INVESTMENT
Investment Ideas telegram.me/rupeegains7
NIFTY :- For next week NIFTY has strong support around 14415 levels. Break
will take it to 14265---14200 levels. On the upper side NIFTY will face strong hurdle at
14610 levels, cross over with volume and close above will create short covering at take
NIFTY up to 14715---14775 levels…
BANK NIFTY :- For next week BANK NIFTY has strong support around
33150 levels. Break will take it to 32750----32400 levels. On the upper side BANK NIFTY
will face strong hurdle at 33675 levels, cross over with volume and close above will
create short covering at take BANK NIFTY up to 34000---34350 levels…
INVESTMENT IDEAS…
SAMKRG PISTONS & RINGS LTD
(520075) (150.75) (Face Value Rs.10)
SAMKRG manufactures and markets a wide array of engineered Pistons, Piston Pins,
Piston Rings & Circlips for the automotive markets. Company and the mother plant is lo-
cated close to Hyderabad in central part of India and other two manufacturing units, Piston
rings and another piston plant close to Vishakapatnam - India's biggest sea port city. The
Company's equity is Rs.9.82 crore while company has reserve of around Rs.142.19 crore.
Promoters hold 66.88% while investing public hold 33.12% stake in the company. For Q3FY21,
SPRL reported 22% higher PAT of Rs.7.46 crore on 29% higher sales of Rs.77.17 crore and
an EPS of Rs.7.60. At CMP of INR Rs.151, SPRL trades at PE ratio of 11.25x. It is regularly
dividend paying company and paid 50% dividend for FY20. Everyone, whose financial advi-
sor is allowing to trade in this stock for medium to long term can watch with stop loss of 130.
VIKRAM THERMO (INDIA) LTD

(530477) (164.65) (Face Value Rs.10)
Vikram Thermo (India) Limited is dedicated to discovery, development, manufacturing
and marketing of research based life influencing products. Company has dedicated force to
reckon with catalyst of need driven innovation and agent of change in pharmaceutical, chemical
and cosmetic industries. Vikram thermo (India) Limited owns two well established brands
Cont....
Financial Weekly

April 2021 39
INVESTMENT
under pharma excipients segment DRUGCOAT- Methacylic Acid Copolymer based basic
pharma polymer & DRCOAT - Customized Readymix Pharma Polymer. Company is pioneer
in India for manufacturing its products.
The Company has an equity of Rs.6.27 crore backed by huge reserves of around Rs.55
crore, which leads to a share book value of Rs.98.4. The promoters hold 65.50% while the
investing public holds 34.50% stake in the company.
It posted superb Q3FY21 numbers as net profit grew 97.71% to Rs.2.59 crore from Rs.1.31
crore in Q3FY20 on 52.77% higher sales of Rs.19.31 crore fetching an EPS of Rs.4.14. For
9MFY21, it reported 83.41% higher PAT of Rs.10.73 crore on 31.62% higher sales of Rs.55.86
crore and an EPS of Rs.17.11. It paid 15% dividend for FY20.
Based on the above financial and performance parameters, the VTIL share looks quite
attractive at the current level as it trades at a P/E of 8.55x.
Everyone, whose financial advisor is allowing to trade in this stock for medium to long
term can watch with stop loss of 145.
RUBFILA INTERNATIONAL LTD

(500367) (56.95) (Face Value Rs.5)
Rubfila is the only Indian manufacturer to manufacture both Talcum Coated and Silicon
Coated Rubber threads. The company has adopted internationally accepted quality stan-
dards and its products are well received among customers both in India as well as around
the world. RIL also produces premium products catering to highly niche' areas like toys,
fishing, catherers, meat packing, medical webbing, bungee jumping cords etc. RIL produces
threads with sizes ranging from 2.1mm (12 count) diameter to 0.28 mm (90 count) diameter.
The Company has an equity of Rs.26.01 crore backed by huge reserves of around Rs.139
crore, which leads to a share book value of Rs.30.4. The promoters hold 62.81% while the
investing public holds 37.19% stake in the company.
It posted superb Q3FY21 numbers as net profit grew 179.38% to Rs.10.84 crore from
Rs.3.88 crore in Q3FY20 on 20% higher sales of Rs.85.40 crore fetching an EPS of Rs.2.16.
For 9MFY21, it reported 81% higher PAT of Rs.21.89 crore on sales of Rs.208.73 crore and
an EPS of Rs.4.36. It paid 24% dividend for FY20.
Based on the above financial and performance parameters, the RIL share looks quite
attractive at the current level as it trades at a P/E of 11x.
term can watch with stop loss of 48. Cont....
Financial Weekly

April 2021 40
INVESTMENT
CHEVIOT COMPANY LIMITED

(526817) (722) (Face Value Rs.10)
Cheviot Company Limited is the flagship company of group Cheviot. It owns cheviot jute
mills in West Bengal. The Company manufactures jute products and jute fabrics with flexibil-
ity to cater to both domestic and international market.
The Company has an equity of just Rs.6.27 crore backed by huge reserves of around
Rs.646 crore, which leads to a share book value of Rs.1042. The promoters hold 74.97%
while the investing public holds 25.03% stake in the company.
It posted superb Q3FY21 numbers as net profit grew 50% to Rs.23.30 crore from Rs.15.54
crore in Q3FY20 on higher sales of Rs.119.50 crore fetching an EPS of Rs.36.44. For 9MFY21,
it reported higher PAT of Rs.50.04 crore on sales of Rs.238.88 crore and an EPS of Rs.78.27.
It paid 480% (Rs.48 per share) dividend for FY20. It has completed buyback offer at Rs.900
per share in September 2020. Based on the above financial and performance parameters,
the CCL share looks quite attractive at the current level as it trades at a P/E of 8.65x.
term can watch with stop loss of 675.
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. Inves-
tors should take their own decisions. We assume no responsibility for any transactions undertaken by them.
The author won't be liable or responsible for any legal or financial losses made by anybody.
****
Financial Weekly

April 2021 41
INVESTMENT
Primary Market - Dilip K. Shah
Investors receive a big jolt due to continuous discounted listing of recent IPOs
To reap benefit of the bullish trend in the market the merchant banker
Axis Bank has come up with more than half a dozen IPos with aggressive pricing
Small investors stuck on expectations of listing gain: HNIs are in shock due to huge interest loss
The market deserted as this week Out of Five IPOs Four listed with discount
V-March IPO with offer price of Rs. 37-39 opened on March 25 and got 0.66 time subscription on second day
All eyes on Nazara Tech's IPO to get listed on March 30: Listing could be volatile
Barbeque Nation's IPO got 5.98 times subscription: When and how will be allotment and listing?
Grey Market inactive due to poor listing and lack of new IPOs: No deals in Nazara
The investors were happy due to long queue of IPOs since beginning of March
and also by 40-60% listing gain. As a result, merchant banker Axis Capital came
up with more than half a dozen IPOs at higher rates.
The investors gave robust response to the IPOs expecting higher listing gain.
HNIs also invested money taking the subscription level to 300-400 times. The
merchant bankers exploited the situation to benefit their clients, but the investors
got stuck. The issues got listed with discounted price giving big shock to the retail
and HNI investors. Now, the investors are going away from the market.
* Is the game to get easy money has got over?
During last two weeks, the secondary market witnessed huge correction. Simi-
larly, primary market has been deserted due to discounted listing of the IPOs.
On Friday, KalayanJewellers and Suryonday Small Finance Bank's IPOs got
Cont...
Grey Market Premium

IPOs Offer Price Premium
Name (Rs.) (Rs.)
Nazara Tech. 1100 to 1101 650 to 700
Barbeque Nat. 498 to 500 N.A.
Don't subscribe IPO only on the basis of Greymarket pre-

mium. Before Investing check the fundamentals of IPO
Financial Weekly

April 2021 42
INVESTMENT
- Negative returns continue with Anupam 6%, Craftsman 9%,
Sarvoday Small Fin. Ban and KalyanaJewellers 15%
- This week only Laxmi Organics got listed with 26% premiums
Prices soared after listing
- SME IPOs of Niks Techno, EKI Energy, Siddhika Coatings sailed through
listed with 15% discount. On Thursday, Craftsman Automation's IPO got listed
with 9% discount. Anupam Rasayan's IPO also got listed with 6% discount.
It seems the days to get easy money from the market has got over. Not only
the retail investors but also the HNIs are in shock as they have to bear a huge
interest cost.
* Mainboard IPO Listing:-
• Anupam Rasayan (543275) :- It got listed with 6% discount at 534.70 and
went up to Rs. 548.95 and down to Rs. 501.15 before closing at Rs. 525.90. on
Friday, it closed at Rs. 493.10.
• Craftsman Automation (543276) :- It got listed with 9.4% discount at Rs.
1350 and went up to Rs. 1498 and down to Rs. 1349.20 before closing at Rs.
1433. It closed at Rs. 1507 on Friday.
• Laxmi Organics (543277) :- It got listed with 26% premiums at Rs. 156.20
and went up to Rs. 174.50 and down to Rs. 143 before closing at Rs. 164. It
closed at Rs. 187.60 on March 26.
• Kalyan Jewellers (543278) :- It got listed on Friday with 15.06% discount at
Rs. 73.90 and went up to Rs. 81 and down to Rs. 73 before closing at Rs. 75.30.
• Suryoday Small Finance Bank (543279) :- It got listed on March 26 with
6.1% discount at Rs. 293 and went up to Rs. 295.95 and down to Rs. 262.05
before closing at Rs. 276.20.
* SME IPO Listing:-
• Knowledge Marine (543273) :- It got listed on March 22 with nominal pre-
mium at Rs. 38 and went up to Rs. 28.50 and down to Rs. 37.10 before closing at
Rs. 38.25. It closed at Rs. 36.75.
• Rangoli Tradecom (543274) :- It got listed on March 22 with nominal pre-
mium at Rs. 211 before going up to Rs. 221.55 and down to Rs. 207.50 before
Financial Weekly

April 2021 43
INVESTMENT
Tentative Timetable for Various IPOs

Particulars Nazara EKI Energy Barbeque V-Marc Rajeshwari Jetmall
Techno BSE SME Nation India Spices
Issue Close Date 19-03-21 26-03-21 26-03-21 31-03-21 06-04-21 07-04-21
Basis of Allotment 24-03-21 01-04-21 01-04-21 06-04-21 09-04-21 12-04-21
Refund 25-03-21 06-04-21 05-04-21 07-04-21 12-04-21 12-04-21
Credit of Shares 26-03-21 06-04-21 06-04-21 08-04-21 13-04-21 15-04-21
Listing 30-03-21 07-04-21 07-04-21 09-04-21 15-04-21 19-04-21
Subscription figure of
closing at Rs. 220.40. It closed at Rs. 216 on
BARBEQUE NATION HOSPITALITY
Friday. No. Shares Issue Subscribed
Offered/ 24-3-21 25-3-21 26-3-21
* Last week's IPos:- Reserved
• Barbeque Nation :- Issue Closed on March QIB 27,05,242 0.37x 0.37x 5.11x
NII 13,52,620 0.07x 0.10x 3.10x
26. Retail 9,01,747 6.14x 9.66x 13.13x
Employee 40,000 0.41x 0.70x 1.02x
Subscription :- The issue got 5.98 times sub-
Total 49,99,609 1.33x 1.98x 5.98x
scription including 5.11 times in HNI, 13.13 times in retail and 1.02 times in em-
ployee categories.
Allotment/Refund :- Allotment may be on April 1, refund on April 5 and share
deposit on April 6. As it has 13.13 times subscription in retail and there is high
possibility of number of applications being withdrawal after poor listing of five
IPOs, out of 8/9 applicants one may get 30 shares.
Listing :- It may get listed on April 7. It may not give good listing gain. If the
market doesn't support, it may go into discount. Book profit at every spurt.
• Nazara Technologies Listing :- The issue with offer price of Rs. 1101 has
got 175 times subscription. Allotment ration could be 43/44:1. It may get listed on
March 30 around Rs. 1600-1800. In Grey market the premiums are around 650-
700. Two sided volatility can be witnessed.
Subscription Figures of SME IPO (Dt. 26-3-21)
IPO Listing Day Subscribed
NIKS Technologies BSE SME Issue Closed 23-3-21 4.10x
EKI Energy BSE SME Issue Closed on 26-3-21 4.05x
Siddhika Coatings NSE SME Issue Closed on 26-3-21 2.60x
V-Marc India Ltd. NSE SME 2nd Day Subscribed 0.66x
Financial Weekly

April 2021 44
INVESTMENT
NSE SME IPO

Sr Company Open Dt. Issue size Offer price Minimum Lead Rating Remark
Close Dt. (Rs. Cr.) (Rs.) Applications Size Manager (Out of 50%) %
1. V-Marc 25-3-2021 60,00,000 Eq. 37 to 39 3000 Eq. Shares Pantamoth 35% : Apply for
India 31-3-2021 (Rs. 23.40 Cr. (Rs. 1,17,000) Capital Mid to Long Term
BSE SME IPO

Sr Company Open Dt. Issue size Offer price Minimum Lead Rating Remark
Close Dt. (Rs. Cr.) (Rs.) Applications Size Manager (Out of 50%) %
1. Rajeshwari 31-3-2021 20,16,000 Eq. 20 6000 Eq. Shares Fedex 29%
Cans 6-4-2021 (Rs. 4.03 Cr.) (Rs. 1,20,000) Securities AVOID
2. Jetmall 31-3-2021 24,90,000 Eq. 20 6000 Eq. Shares Mark
Spices & 7-4-2021 (Rs. 4.98 Cr.) (Rs. 1,20,000) Corporate NEXT WEEK
Masala
Listing Information of BSE SME & Main Line IPOs

Co. Name BSE Listing Offer Listing Listing Listing Listing CMP
Code Date Price Price Day Day Day
(Rs.) (Rs.) High Low Close 26-3-21
Suryoday Small Finance 543279 26-03-21 305 293 295.95 262.05 276.20 276.20
Kalyan Jewellers India 543278 26-03-21 87 73.9 81 73 75.30 75.30
Laxmi Organic Industries 543277 25-03-21 130 156.2 174.5 143 164.6 187.60
Craftsman Automation 543276 25-03-21 1490 1350 1489 1349.2 1433 1507.00
Anupam Rasayan India 543275 24-03-21 555 534.7 548.95 501.15 525.9 493.10
Rangoli Tradecomm 543274 22-03-21 207 211 221.55 207.5 220.4 216.00
Knowledge Marine 543273 22-03-21 37 38 38.5 37.1 38.25 36.75
* Last week's SME IPOs:

• NIKS Technology : It closed on March 23 with 4.10 times subscription.
• EKI Energy :- It closed on March 24 with 4.05 times subscription.
• Siddhika Coatings :- It closed on March 26 with 2 times subscription.
• V-Marc India :- The issue with offer price of 37-39 has entered the market on
March 25 to raise Rs. 23.40 crore by offering 60 lakh equity shares. It will close
on March 31 and get listed on April 9. On second day it has got 0.66 times
subscription.
* This week's SME IPOs:-
• Rajeshwari Cans :- The company plans to raise Rs. 4.03 crore with offer
price of Rs. 20 a share. More details based on DRHP is given in separate table.
• Jetmall Spice and Masala :- Rs. 4.98 crore issue with fixed price of Rs. 20
will open on March 31 and close on April 7. More details based on DRHP is given
in separate table.
***
Financial Weekly

April 2021 45
INVESTMENT
In FY2020-21, out of total 31 IPos

As against offer price 23 are giving positive
returns and 8 are giving negative returns
As against listing 16 are positive and 15 are negative
In the financial year 2020-21, total 33 IPOs entered the market. Out of that 10
entered the market in March only.
Out of 33 IPos, 31 have got listed and Nazara Tech's IPO will get listed on
March 30 and Barbeque Nation's IPO will get listed in April.
Returns against offer price
Out of 31 IPOs, 23 have given positive returns and 8 have given negative
returns. Route Mobile with 314% returns top the table followed by Happiest Mind,
Likhita Infra, Rossari Biotech, Burger Kin with more than 100% returns.
Antony Waste has given 20% negative returns to top the table, followed by
Brookfield, Kalyan Jewellers, Home First Finance, Indian Raiways giving nega-
tive returns in range of 11 to 18%.
Gain / Loss Gain / Loss
Between Listing Price
Returns against listing Between Offer price
and Current price Out of 31 IPOs getting listed in and Current price
TOP Gainers Main Line FY2020-21, 16 IPOs are giving posi- TOP Gainers Main Line
IPOs tive returns as against listing, while IPOs
Co. Name Change (%) Co. Name Change (%)
Likhitha Infra 141.35% 15 are giving negative returns. Route Mobile 314.29%
Route Mobile 104.80% Happiest Minds 215.06%
Equitas Small Fin. 95.65%
Likhita Infra tops the table with Likhitha Infra 161.67%
Rossari Biotech 54.33% 141.35% positive returns followed Rossari Biotech 143.29%
Happiest Minds 49.00% Burger King 115.00%
by Route Mobile, Rossari Biotech,
TOP Losers Main Line TOP Losers Main Line
IPOs Happiest Mind all giving positive re- IPOs
Co. Name Change (%) Co. Name Change (%)
Antony Waste -41.16% turns against listing in range of 50- Antony Waste -19.68%
Mrs. Bectors -34.13% Brookfield (REIT) -18.58%
Heranba Industries -30.03% 100%. Antony Waste tops the table Kalyan Jewellers -13.45%
Home First Finance -25.02% with 41% negative returns against Home First Fin. -11.39%
Brookfield India -18.60% Indian Railway -11.35%
listing followed by Mrs. Bectors,
Trade wit h Negat ive 15 Trade wit h Negat ive 8
Trade wit h Posit ive 16 Hernaba Ind, Home First Fin, Trade wit h Posit ive 23
AT PAR 0
Brookfield all giving 18-35% nega- AT PAR 0
Withdrawal 0 Withdrawal 0
List ing Await ing 2 tive returns against listing price. List ing Await ing 2
Total Main Line IPO 33 Total Main Line IPO 33
Financial Weekly

April 2021 46
INVESTMENT
Balance Sheet of FY20-21 IPOs

Co. Name BSE Code Listing Date Offer Listing CMP Ch. (%) Change%
Price Price 26-3 Against Against
2021 Offer Price Listing Price
Barbeque Nation Hospitality 498 to 500 -- --
Nazara Technologies 1100 to 1101
Suryoday Small Finance 543279 26-03-21 305 293 276.2 -9.44 -5.73
Kalyan Jewellers India 543278 26-03-21 87 73.9 75.3 -13.45 1.89
Laxmi Organic Industries 543277 25-03-21 130 156.2 186.55 43.50 19.43
Craftsman Automation 543276 25-03-21 1490 1350 1492.6 0.17 10.56
Anupam Rasayan India 543275 24-03-21 555 534.7 495.9 -10.65 -7.26
Easy Trip Planners 543272 19-03-21 187 206 209.3 11.93 1.60
MTAR Technologies 543270 15-03-21 575 1063.9 1015.55 76.62 -4.54
Heranba Industries 543266 05-03-21 627 900 629.7 0.43 -30.03
RailTel Corporation 543265 26-02-21 94 104.6 127.55 35.69 21.94
Nureca Ltd. 543264 26-02-21 400 634.95 605 51.25 -4.72
Brookfield (REIT) 543261 16-02-21 275 275.05 223.9 -18.58 -18.60
Stove Kraft Limited 543260 05-02-21 385 467 458 18.96 -1.93
Home First Finance 543259 03-02-21 518 612.15 459 -11.39 -25.02
Indigo Paints 543258 02-02-21 1490 2607.5 2303.45 54.59 -11.66
Indian Railway Fin. 543257 29-01-21 26 25 23.05 -11.35 -7.80
Antony Waste handling 543254 01-01-21 315 430 253 -19.68 -41.16
Mrs. Bectors Food 543253 24-12-20 288 501 330 14.58 -34.13
Burger King 543248 14-12-20 60 115.35 129 115.00 11.83
Gland Pharma 543245 27-11-20 1500 1701 2410 60.67 41.68
Equitas Small Finance 543243 02-11-20 33 31 60.65 83.79 95.65
UTI Asset Management 543238 12-10-20 554 490.25 559 0.90 14.02
Mazagon Dock Ship 543237 12-10-20 145 216.25 212.95 46.86 -1.53
Likhitha Infra 543240 15-10-20 120 130.1 314 161.67 141.35
Angel Broking 543235 05-10-20 306 275 302 -1.31 9.82
Chemcon Speacility 543233 01-10-20 340 730.95 404 18.82 -44.73
Computer Age (CAMS) 543232 01-10-20 1230 1518 1762 43.25 16.07
Route Mobile 543228 21-09-20 350 708 1450 314.29 104.80
Happiest Minds Tech. 343227 17-09-20 166 351 523 215.06 49
MindSpace Park REIT 543217 07-08-20 275 304 302 9.82 -0.66
Yes Bank 532648 27-07-20 12 12.3 14.05 17.08 14.23
Rossari Biotech 543213 23-07-20 425 670 1034 143.29 54.33
Financial Weekly

April 2021 47
INVESTMENT
V-Marc India NSE SME IPOs

Issue Opened on 25th March & Closes on 31st March, 2021
Price Band 37 to 39; Listing on NSE SME Platform
There is a setback in revenue & Net Profit of FY19
On valuation front issue is reasonably priced
Investors may apply for mid to long term prospective
Incorporated in 2014, V-Marc India Limited is engaged in the business of manufacturing and marketing
wires and cables under the brand name of "V-Marc". The company manufactures and sells a diversified range
of wires and cables i.e. single & multistoried cables, LAN cables, coaxial cables, CCTV cables, telephone
switchboard cables, power cables, core flat cables, solar cables, wires, and aerial bunched cables, etc. The
company sells its products through multiple channels; 1. Government tenders to supply products for govern-
ment projects, 2. Supply to EPC contractors for turnkey projects, and 3. Dealer and distribution network to
directly sell to private companies. It supplies its products across industries i.e. power, real estate, railways,
and telecom sector. As of Dec 31, 2020, it has a strong network of 650+ dealers across 12 states. The firm has
two manufacturing facilities located at Haridwar, Uttarakhand with an aggregate installed capacity of 71,100
KM p.a and also proposes to set-up a new manufacturing facility with a total capacity of 11,520 km p.a.
Issue Details
Financial Performance : Consolidated Basis
• Issue Opened on 25th March & Closes on 31st March,
Particulars (Rs. Cr.) FY18 FY 19 FY 20 31-12-20
2021
9MFY21
• Object of the issue : to Finance Capital expenditure to Total Revenue 143.51 205.26 171.64 130.63
establish Profit After Tax 2.24 4.89 4.65 4.02
• Issue Size : 60,00,000 Eq. Shares (Rs. 23.40 Cr.) EPS 1.57 3.36 2.91 2.52
• Offer Price : Price Band Rs. 37 to 39 • Minimum Lot : RONW (%) 9.75 16.56 13.60 10.52
3000 Shares • Listing on NSE SME Platform
• BRLM’s : Pantomath Capital Advisors Pvt. Ltd. • Market Maker : Pentagon Stock Brokers Ltd.
• Registrar : Bigshare Ser. Pvt. Ltd. • Company Management : Vikas Garg and Meenakshi Garg.
• Pre Issue Promoter Holding : 94.97%
• Average of last 3 Yrs. EPS Rs. 2.84 & RONW : 13.94%
• Pre IPO Equity Capital Rs. 16.79 Cr. • Post IPO Equity Capital Rs. 22.78 Cr.
• Pre IPO P/BV Ratio : 1.63 (NAV : 23.95) (31-12-20) • Post Issue : P/BV Ratio 1.37 (NAV : 28.47)
• Post IPO asking P/E on fully diluted equity : 15.90
• BRLM’s Performance : This is 30th Issue from BRLM in last 3 Years. In last 10 listing : 9 Issue Opened
with premium & 1 Issue opened with Discount.
OTHER SIDE OF THE COIN

• The average cost of acquisition of share by the promoter is Rs. 10 & offer price is Rs. 37 to 39
• It has also raised further equity of 8,40,000 shares at a price of Rs. 39 pre IPO placement
• There is a setback in revenue & net profit for FY19
• It operates in labor & capital intensive industry.
• It generates major portion of sales especially Utrakhand, UP & MP
• High competition from big players & unorganized players.
• It has to place order for 100% plant & Machinery
• Company do not own land of manufactures facilities
• Under-utilization of existing capacity
• RONW has gone down in FY20, 9MofFY21 in comparison of FY19
Recommendation : company's overall track record is good except there is set back in revenue &
net profit fy19. On valuation front PE of 15.99 & P/BV of 1.63, offer price seems reasonable consid-
ering diversified products & strong network investors may apply for mid to long term prospective.
Financial Weekly

April 2021 48
INVESTMENT
Rajeshwari Cans Limited BSE SME IPO

Issue Opens on 31st March & Closes on 6th April, 2021
Offer price Rs. 20; Listing on BSE SME Platform
Company's financial growth is stable but there is fall in RONW
On valuation front IPO Is very expensive: Better to avoid
Incorporated in 2013, Rajeshwari Cans Limited is primarily engaged in the business of manu-
facturing round-printed tin containers of different sizes for packing material and also performs
printing work on it. The company supplies its tin containers to tobacco manufacturers and paint
companies. It manufactures 50 gm to 500 gm containers for the packing of tobacco material
and up to 5 liters of containers for the paint industry. It has a manufacturing unit at Mahagujarat
Industrial Estate and Shree Ganesh Industrial Estate where it carries out all of the manufactur-
ing activities.
Issue Details Financial Performance : Consolidated Basis

Particulars (Rs. Cr.) FY18 FY 19 FY 20
• Issue Opened on 31st March & Closes on 6th April, 2021
Total Revenue 18.50 21.32 22.10
• Object of the issue : Working Capital Requirment. Profit After Tax 0.11 0.16 0.19
• Issue Size : 20,16,000 Eq. Shares EPS 0.89 0.84 0.89
(Rs. 4.03 Cr.) • Offer Price : Rs. 20 RONW (%) 8.19 7.77 7.56
• Minimum Lot : 6000 Shares

• Listing on BSE SME Platform • BRLM’s : Fedex Securities Ltd. • Registrar : Bigshare Ser. Pvt.
Ltd.
• Company Management : Bharat Kumar Vora, Harshad Kumar Vora, Siddharth Vora
• Pre Issue Promoter Holding : 100% • Post Issue Promoter Holding : 61.71%
• Average of last 3 Yrs. EPS Rs. 0.87 & RONW : 7.74%
• Pre IPO P/BV Ratio : 0.59 (NAV : 11.73) • Post Issue : P/BV Ratio : 1.10 (NAV : 22.10)
• Pre IPO P/E Ratio : 44.94 • Industry Peer group PE Ratio : 17.58
OTHER SIDE OF THE COIN

• The average cost of acquisition of equity share to the promoter is NIL (ZERO) & Offer price is
Rs. 20
• It has converted loan in to an equity share allotted 13.60 lakh share pursuant to preferential
allotment.
• There a continuous fall in RONW
• Its 80% revenues generated from a single customers which is very risky.
• It has experienced negative cash flow in previous years.
• Its major portion of s sales is limited up to Gujarat & Rajasthan
• Company is dependent in few suppliers.
• Company operates in a highly competitive environment & its capital intensive industry.
Recommendation : Company's financial growth is stable on valuation front &
considering PE of 45 (FY20) it's very overpriced & expansive offer. Investors may
avoid this IPO
Note : Above analysis is based on DRHP as RHP is not available).
Financial Weekly

April 2021 49
INVESTMENT
Smart Best Buy S. N. Zaveri
HCL Technologies : Investment in Cloud will pay

APL Apollo Tubes : Merger of Shri Laxmi metal and Tricoat will make stronger
Dr. Lal Path Lab : Sustainable growth, Accumulate
Tata Consumer Products : Porfolio expands, growth up
Blue Star enters into Mass Premium split AC market
HCL Techno (Rs. 958.00) (Code : 532281)

HCL Technologies has replaced Wipro as country’s third-largest information technology
(IT) services player. It has been declared the fastest-growing large global technology com-
pany for four consecutive years ended March 2020. As for the bottom line, the way HCL
Tech has given salary hikes, it shows that the earnings for the next two quarters will be very
strong for the company and the outlook will remain very high. Given its deep capabilities in
the IMS space and strategic partnerships, investments in Cloud, and Digital capabilities,
HCL is expected to emerge stronger on the back of an expected increase in enterprise
demand for these services. The stock is currently trading at a modest 15 times its FY23E
earnings. Buy.
APL Apollo Tubes (Rs. 1334.00) (Code : 533758)

Shares of APL Apollo Tubes is on strong upmove. The company’s board has, recently,
approved the merger of Shri Laxmi Metal Udyog and Apollo Tricoat Tubes (Apollo Tricoat)
with the company. Apollo Tricoat’s minority shareholders will receive one equity share in
APL Apollo for each equity share held Apollo Tricoat. This transaction has been effected by
way of a scheme of amalgamation and is subject to shareholder approval at each of APL
Apollo and Apollo Tricoat, as well as regulatory approvals. This transaction is expected to
close in Q3FY22 with appointed date of merger being April 1, 2021. APL Apollo is the market
leader in the electric resistance-welded (ERW) pipes and structural products industry. It is
also diversified in terms of its geographical presence, product profile, and the end-user
industries. Buy.
Dr. Lal Path Labs. (Rs. 2572.00) (Code : 539524)

Dr Lal Pathlabs has built the best sustainable comparative advantages here. The growth
runway is pretty large, the demand dynamics are pretty benign. The Dr Lal Pathlabs stock
has gained significantly on expectations that de-risking of the revenue profile, lower Covid-
Cont...
Financial Weekly

April 2021 50
INVESTMENT
related contribution, and volume gains will improve its sales and margins. Sales of the
company which had been impacted during the first half of FY21 have started recovering.
Non-Covid test and walk-in volumes, which were down 38 per cent YoY in the June quarter,
came back on the growth track in the December quarter and reported an 8 per cent YoY
increase. The stock is worth accumulation in any kind of correction.
Tata Consumer (Rs. 627.00) (Code : 500800)

After buying out its partner PepsiCo’s share in NourishCo Beverages, Tata Consumer
Products is gearing up to make a bigger play in the packaged water and healthy hydration
space. The FMCG arm of the Tata Group bought PepsiCo’s stake in the 50:50 joint venture in
May last year. This was one of the first key strategic decisions the group made after decid-
ing to consolidate its packaged food and beverage consumer goods business to form Tata
Consumer Products. Tata Consumer Products is now swiftly looking to ramp-up the distribu-
tion to newer geographies for this portfolio, which consists of Tata Water Plus, Tata Gluco
Plus and Himalayan mineral water. It has also re-launched Tata Fruski, an iced tea-based
ready-to-drink beverage that was earlier piloted in select regions. Also, Tata Starbucks
reported a strong sequential recovery in the December quarter with 92 per cent stores
having reopened. Invest.
Blue Star (Rs. 895.00) (Code : 500067)

Leading air conditioning brand Blue Star, known for its premium products, has last week,
announced its entry into the mass market by launching what it called the ‘mass premium’
split air conditioners. The company has strategically re-positioned its brand to include the
‘mass premium’ category with the intent to expand its market reach and target the masses.
With this strategic foray, Blue Star has rolled out a series of split ACs at affordable prices,
which are of high quality, reliable, and durable. The ACs are available in various cooling
capacities ranging from 0.80TR to 2TR. The company’s room air conditioners are available
at 7000 outlets in 650 locations across the country in various formats. Currently, Blue Star
has 200 exclusive brand stores in the country and work is in progress to increase it to 250
stores by the end of FY22. Buy. Buy more at decline.
(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
26th March , 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
Financial Weekly

April 2021 51
INVESTMENT
Dalal Street Whispers Dilip K. Shah
Tata Steel (Rs. 766.00) (Code: 500470) :- Tata Group shares surged over 5% on
Friday after the Supreme Court ruled in favour of the Tatas in the dispute with Cyrus Mistry. A
bullish tone was seen in the stocks of Tata Steel, TCS, Tata Motors, Tata Chemicals, etc.
Sail (Rs. 76.00) (Code: 500113) :- Sail, Tata Steel, JSW and other steel shares shone
even in a weak market on Thursday. There are reports of price hikes by steel companies. The
pressure on supply side in China, and deleveraging led to positive trend in the stock.
HG Infra (Rs. 290.00) (Code: 541019) :- The company has been declared as the
lowest bidder for a National Highways Authority of India project under Raipur-Visakhapatnam Eco-
nomics Corridor in Andhra Pradesh. The company’s bid for the project is Rs 1,060 crore.
Ashok Leyland (Rs. 114.00) (Code: 500477) :- The company has launched India’s
first 4-axle 8x2 DTLA truck (14-wheeler) AVTR 4120 with a capacity of 40.5 tonne. The stock hit
the upper 10% circuit on the announcement.
Compucom Soft (Rs. 8.55) (Code: 532339) :- The shares surged 10% after the
company bagged Rs. 67 crore contract for nearly 525 government schools for a five-year period.
Aarti Ind. (Rs. 1319.00) (Code: 524208) :- Shares of this specialty chemicals and
pharma sector company have gone up 12% in four sessions, and 99% in the last year. The share
can outperform going ahead in view of rising demand for specialty chemicals.
Vascon Engg. (Rs. 18.00) (Code: 533156) :- The shares hit the upper circuit on
seven-fold jump in volumes after the company emerged as the lowest bidder for two projects of the
Uttar Pradesh PWD.
Glenmark Pharma (Rs. 451.00) (Code: 532296) :- The company has received US
FDA approval for the Chlorpromazine Hydrochloride Tablets.
Ramco Systems (Rs. 528.00) (Code: 532370) :- Ramco has signed a contract
with a leading global technology company to transform its payroll operations across Japan, China,
Philippines and Malaysia.
Dilip Buildcon (Rs. 559.00) (Code: 540047) :- The company has emerged as the
L1 bidder for new HAM projects in Karnataka under the Bharat Mala project.
Insecticides (Rs. 484.00) (Code: 532851) :- The board is slated to meet on March
30 to consider a share buyback proposal.
IDBI Bank (Rs. 38.00) (Code: 500116) :- The bank’s board Friday approved a rupee
bond borrowing limit of Rs. 8000 crore for the next financial year.
Cont.....
Financial Weekly

April 2021 52
INVESTMENT
Jubilant Food (Rs. 2879.00) (Code: 533155) :- The stock has been highly volatile
in the past week. The company has entered into a franchise agreement with PLK APAC Pte. Ltd. to
establish and operate Popeyes restaurants in India, and other countries. It also owns a significant
stake in Barbecue Nation, which closed its IPO on Friday.
Vaibhav Global (Rs. 3788.00) (Code: 532156) :- The board has approved the
proposal for sub-division of shares of Rs. 10 face value into five shares of Rs. 2 face value.
Maruti Suzuki (Rs. 6785.00) (Code: 532500) :- The country’s largest carmaker has
announced a price hike across all its models from April 1. This will be the second hike by car
companies in the last three months.
India Grid (Rs. 136.00) (Code: 540565) :- The company has approved a rights issue
of Rs. 1,284 crore.
Dr. Reddy’s (Rs. 4405.00) (Code: 500124) :- The stock declined 16% in the past
three months due to some issues at its plants and recall of certain products. However, analysts
believe the correction phase is over, and the stock can be seen moving higher on the back of new
launches in the US and India.
Hero Moto Corp. (Rs. 2938.00) (Code: 500182) :- The company is set to hike
scooter and motorcycle prices from April. The price increase will be up to Rs. 2,500.
Adani Green (Rs. 1211.00) (Code: 541450) :- One of the country’s largest renew-
able energy companies has signed a share purchase agreement for acquisition of 100% stake in
two SPVs owning 75 MW operating solar projects of Shapoorji Pallonji group company, Sterling &
Wilson.
IRCON (Rs. 80.00) (Code: 541956) :- The state-owned company is in talks with Ma-
laysia to build a USD 1 billion rail line.
SRF (Rs. 5267.00) (Code: 503806) :- The DGTR is conducting a sunset review on
imports of PVC flex films from China.
Vakrangee (Rs. 50.00) (Code: 511431) :- The company has entered into a partner-
ship agreement with TransUnion CIBIL.
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

April 2021 53
INVESTMENT
Investor’s Third Eye

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

FOR STOCK MARKET INVESTMENTS
(FROM 29TH MARCH TO 4TH APRIL 2021)
In this week, Saturn and Jupiter had taken its position in Capricorn. Mars and speculative planet
Rahu in Taurus, Sun, Venus and Mercury in Pisces, Ketu in Scorpio, moon occupies Leo, Virgo
and Libra houses. On 30th March 2021, Moon in the house of Virgo taking seventh position towards
sun and Venus and mercury favors the market to great extend. On 31st march 2021 and 1st April
2021, Moon taking sixth position towards Pisces where sun, mercury and Venus had taken its
position and Mars and Rahu had taken eighth position brings volatility in the markets. Railways,
iron and steel, coal, natural gas, solar power, renewable energy, Electrical and electronic items,
automobile spare parts, battery producing sector, power transmission, Information technology based
firms, transformer producing firms, consumer durables, Banking sector, health, pharmaceuticals
sector may show good movement stock prices. Tejas Network, Rail tel corporation, IRCTC, Man
industries, Goldiem International, GAIL India Limited, Gujarat Gas, Indraprastha Gas, RITES, IRCFC,
SBI, IDFC First bank, Garden reach ship builders, BEML, Bharat Dynamics, Panacea Biotech,
Aurobindo, Everest organics, unique organics, Olelectra green tech, Talbros automotive may
outperform
March 29, 2021 - Holi and April 2nd, 2021- Good Friday the market remains closed.
Astrological planetary predictions for

GOLD PRICE MOVEMENTS
(FROM 29TH MARCH TO 4TH APRIL 2021)
30th march 2021 : Jupiter and Saturn in Capricorn taking fifth position towards the speculative
planet Rahu in Taurus brings volatility in gold prices.
31st and 1st April 2021 : Moon taking 12th Position towards ketu in Scorpio where Sun,
Mercury and Venus had taken fifth position towards Scorpio brings volatility in the gold price.
March 29, 2021 - Holi and April 2nd, 2021- Good Friday the market remains closed.
Financial Weekly

April 2021 54
INVESTMENT
News Track
Utkarsh Small Finance Bank Limited

concludes Private Placement of
INR 240.47 crore to 6 Investors
Varanasi headquartered, Utkarsh Small Finance Bank Limited ("Bank")
had recently filed its draft red herring prospectus dated March 4, 2021
("DRHP") with Securities and Exchange Board of India ("SEBI"), for rais-
ing an aggregate of up to INR 1,350 crore through an initial public offering
("Offer") comprising a fresh issue of up to INR 750 crore and an offer for
sale of up to INR 600 crore by its promoter, Utkarsh CoreInvest Limited.
The Bank pursuant to the investment agreement dated February 10,
2021, has concluded a private placement of its equity shares and raised
INR 240.47 crore by allotting 89,061,647 equity shares at INR 27 per
equity share i.e. 37,037,037 equity shares to Olympus ACF Pte. Ltd;
13,444,444 equity shares to responsAbility Participations Mauritius;
12,962,962 equity shares to Aavishkaar Bharat Fund; and 8,539,068 equity
shares each to Triodos Sicav II - Triodos Microfinance Fund, Legal Owner
Triodos Funds B.V. (in its capacity as legal owner of Triodos Fair Share
Fund) and Growth Catalyst Partners LLC.
Kotak Mahindra Capital Company Ltd. acted as financial advisor to the
Bank for the concluded private placement round.
Additionally, the Bank may undertake a pre-IPO placement of up to INR
250 crores in consultation with the lead managers to the Offer. ICICI
Securities Limited, IIFL Securities Limited and Kotak Mahindra Capital
Company Limited are the lead managers to the Offer.
Financial Weekly

April 2021 55
INVESTMENT
REVIEW OF “SMART PLUS NEWS LETTER”

Amazing 28% RETURN
SMART GAIN FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
22-3-2021 High (%) 22-3-2021 High (%)
G.M. Breweries 388 415 6.96 KSB Ltd. 811 882 8.75
Godrej Ind. 517 529 2.32 JSW Steel 441 446 1.13
Infosys 1347 1370 1.71 Chola Invest 553 554 0.18
Ramco Cement 953 983 3.15 Insecticides 430 487 13.26
KNR Construction 205 206 0.49

Polycab 1353 1397 3.25
Tata Steel 733 767 4.64

Pidilite 1753 1799 2.62
Strides Pharma 768 858 11.72
Adani Enterprise889.4 989 11.2
United Breweries 1218 1235 1.4
Aarti Ind. 1248 1315 5.37
Rama Phosphate 120 128 6.67
Titan 1463 1501 2.6
Sonata Soft 456 489 7.24
BEML 1343 1384 3.05
Kalyani Steel 293 305 4.1
Tata Elxsi 2072 2650 27.9
Only Subscribers will get SMART PLUS NEWSLETTER

on their E-mail Address
Log on to..... www.smartinvestment.in
Financial Weekly

April 2021 56
INVESTMENT
Editor : Dilip K. Shah
ARCHI PUBLICATIONS
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FII ACTIVITY (Rs. in Cr.)

SMART 28th March 2021 to 3 rd

Rapid Fire Stocks

Kalpna J (Email- Kjtech79@gmail.com)

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Rapid Fire Stocks

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include Shielded Metal Arc Welding, Gas Particulars 3 Months Ended

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SMALL BUT BEAUTIFUL IDEAS

NCC LTD. (500294 & NSE) (78.75) (FV 2)

Technical Observations : Currently company share price quoting at 78.75 on Friday

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Investment Yield = Total

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KWJ Investing & Trading Course - April 2021

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fers gravure cylinders, including electro-mechanically and mechanically engraved, chemically

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Bond yield rising & markets falling

BUY.... BUY....BUY TIPS OF THE WEEK

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IOL Chemicals and Pharmaceuticals Limited

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Smart Education - Yog Joshi

Swing Trading (5)

Hope you all are doing Well...!!!

In earlier topic of "Technical Analysis from Basic to Advance" we discussed in

Down Swing / Trend Reversal Patterns and its loca-

SMART 28th March 2021 to 3 rd

and confirmed by Bullish Candlesticks, it can be considered as a good sign of

It can be easy to understand with the help of given picture

Here Doji is considered as a neutral candlesticks patterns which comes in

SMART 28th March 2021 to 3 rd

SMART 28th March 2021 to 3 rd

Is it Pause in the Correction,

HDFC AMC- Buy

SMART 28th March 2021 to 3 rd

Techno Funda Sachin Shah :

sound stocks M. : 9372144204

3M INDIA (523395 & NSE) (28816.5) (FV 10)

SMART 28th March 2021 to 3 rd

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