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57
GAMC No. :1703/2015-17. Issued by SSP Ahd. Valid up to 31-12-2017

VOL : 10 • Issue No: 37 RNI No : GUJENG / 2008 / 24320 29th Oct. 2017 to 4th Nov. 2017
FII Activity (Rs. Cr.)

Date Buy Value Sell Value Net Value
23/10/17 6646.46 6727.97 -81.51
24/10/17 4033.61 5340.37 -1306.76
25/10/17 13402.22 9819.72 3582.5
26/10/17 10216.36 10591.99 -375.63
27/10/17 6105.99 6746.94 -640.95
Total 40404.64 39226.99 1177.65
DII Activity (Rs. Cr.)
23/10/17 3080.52 2772.68 307.84
24/10/17 3666.45 3074.17 592.28
25/10/17 7808.67 7964.38 -155.71
26/10/17 6751.09 7274.63 -523.54
27/10/17 4154.09 4097.52 56.57
Total 25460.82 25183.38 277.44
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Financial Weekly

INVESTMENT
Rapid Fire Stocks

- Kalpna J (Email- Kjtech79@gmail.com) (Ring : 97690 37711)
Aspinwall and Company Ltd (Rs. 339.50)

Aspinwall & Co. Ltd., is one of the earliest commercial enterprises in the Malabar - Coast of
South India, established in the year 1867, by the legendary English trader and visionary, John H.
Aspinwall. In 1867, John H Aspinwall acquired the business of Scott Brothers in 1867, and launched
Aspinwall & Company, offering a range of shipping services, besides carrying on business in tim-
ber, spices and several other agro products. In 1884 - John H Aspinwall expired and company
remained into the hand of his partner W.N. Black. The company became a public limited company
with financial participation from the Travancore Royal family in 1956. In 1971, the English Com-
pany offered to disinvest its holdings and the Royal family acquired the controlling shares in the
Group. In 2002, the company had entered into different sectors of Kerala like information technol-
ogy, tourism and biotechnology. In 2003, the company entered into ITES by setting up a modern
international business process outsourcing (BPO) centre at Calvetty.
Stock is in uptrend and making Rounding Bottom - Buy at CMP 337, SL 304, Target - 385 to 410,
Time frame - 2 to 24 months
Orient Cement Ltd. (Rs. 171.50)

Category No. of shares (%) Orient Cement Ltd., incorporated in the
Promoters 76,829,922 37.50 year 2011, is a Mid Cap company (having a
NBFC and Mutual Funds 42,550,864 20.77 market cap of Rs 3406.97 Crore) operating
in Cement sector. For the quarter ended 30-
Others 37,672,469 18.39
06-2017, the company has reported a
General Public 25,039,307 12.22
Standalone sales of Rs 568.23 Crore,and
Foreign Institutions 13,572,847 6.63 has reported net profit after tax of Rs 38.92
Financial Institutions 9,203,351 4.49 Crore in latest quarter. Stock is in uptrend -
Buy at CMP 171, SL 154, Target - 190 to 215 , Time frame - 2 to 24 months.
Financial Weekly

INVESTMENT
SMART
BUY OF THE WEEK
Dark Horse
On 25th September-17 we had recommended SREE RAYALASEEMA HYPO @ Rs.148.55,
last week it zoomed to Rs.264.25 levels and recorded almost 78% appreciation in very short
time.
On 14th August-17 we had recommended AGRITECH INDIA @ Rs.60.75, last week it
zoomed to Rs.146.54 levels and recorded almost 141% appreciation.
On 23rd January-17 we had recommended EON ELECTRIC @ Rs.69, last week it zoomed
to Rs.137.5 levels and recorded almost 99% appreciation.
B L KASHYAP AND SONS (532719 & NSE)

(FV Re.1) (42.6)
On 10th April-17 we had recommended this stock at Rs.42.6, after our recommendation it zoomed
110% to Rs.50.5 levels and recorded super appreciation. With bumper Q1FY18 numbers we are
again recommending this stock.
Founded in 1979 New Delhi based, B.L. Kashyap and Sons Limited, together with its subsidiar-
ies, engages in the construction and infrastructure development activities in India. The company
undertakes turnkey construction of various industrial facilities, such as automotive plants, biotech-
nology plants, food production facilities, newspaper printing facilities, etc. It also constructs resi-
dential spaces, IT campuses, corporate offices, resorts and hotels, schools and colleges, retail/
malls/multiplexes, and hospitals. In addition, the company trades in residential flats; develops resi-
dential and commercial real estate properties; and operates a hotel in Mussourrie.
It has an equity capital of just Rs.20.54crore supported by reserves of around Rs.366.26crore.
The promoters hold 64.29% of the equity capital, which leaves 35.71% stake with the investing
public. HDFC Infrastructure fund hold 3.18% stake in this company. Company has reduced almost
Rs.170.8crore debt in FY17 which is really good sign.
For Q1FY18 it has posted super-duper numbers. During Q1FY18, its net profit soared 203% to
Rs.5.06crore from Rs.1.67crore on sales of Rs.216.36crore. PAT zoomed 237% on QtoQ basis
also. Company came out with an IPO at Rs.700 per share. Than it has split Rs.10 paid up shares
into Rs.1 and also given bonus shares in ratio of 1:1. Its all-time high rate is Rs.274 and now it is
available at Rs.43. We have seen fantastic rally in real estate and infrastructure stocks in last 2-4
months but this stock is trading in narrow range. Now it is ready for fly. Buy with a stop loss of
Rs.38. On the upper side stock will zoom up to Rs.50-52 levels in short time.
Financial Weekly

INVESTMENT
MARATHON NEXTGEN REALTY LTD

(503101 & NSE) (450.15) (Face Value Rs.10)
Founded in 1969, Mumbai based Marathon Nextgen Realty Limited constructs, develops, and
sells commercial and residential real estate projects in India. The company has completed many
prestigious projects in Mumbai. It has an equity base of just Rs.28.44crore that is supported by
reserves of around Rs.647.54crore. The promoters hold 74.97% while the investing public holds
25.03% stake in the company. It has a share book value of Rs.291.54& price to book value ratio is
below 1.6. During FY17, its net profit stood at Rs.84.14crore on higher sales of Rs.193.14crore
fetching an EPS of Rs.29.59. For Q1FY18, it has reported net profit of Rs.6.85crore. Currently, the
stock trades at a P/E of just 16.9x which is lowest PE ratio against its peers. It has paid 10%
dividend for FY17. We have seen strong momentum run-up in Mumbai based real estate stocks in
last 2-3 months. This stock is looking explosive at CMP. Buy with a stop loss of Rs.425. On the
upper side stock will zoom up to Rs.500-510 levels in short term…
Financial Weekly

INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
jatinsanghavi100@yahoo.com
BULLS CONTINUE TO DOMINATE

NIFTY HEADED FOR 10537-10815
It was a historic week wherein the Government took a bold step and announced a massive
Rs.2.11 Lakh crores package for the Recapitalization of ailing PSU banks. In one of the most
reformative step taken in recent history, it is believed that this Recapitalization will rebuild the
ailing PSU banks and will give them a new lease of life. As a result, the market opened with a big
gap up on Wednesday and the entire rally was led by PSU banks which registered a massive
single day increment of nearly 30 to 40%. Bullish pattern formations have been completed and one
can expect Nifty to achieve target of 10537-10815 in the intermediate term.
TECHNICALLY SPEAKING :- Sensex opened the week at 32411, made a high of 33286, low
of 32312 and closed the week at 33157. Thus it closed the week with a gain of 768 points. At the
same time the Nifty opened the week at 10176, made a high of 10366, low of 10124 and closed the
week at 10323. Thus the Nifty closed the week with a gain of 177 points.
On the daily charts, both the indices have formed a small black body candle which cannot be
termed as bearish but it has more of a neutral bias. On the weekly charts both the indices have
formed a Big White body candle, which will have bullish connotations. Thus candlestick study
indicates a bullish bias in the near term.
Last week saw both the indices creating one more Bullish Gap between 32804-32502 for the
Sensex and 10240-10237 for the Nifty. In the near term this gap will act as strong Support.
Past week saw both the indices completing a Bullish Flag pattern. The target as per this pattern
falls at Sensex 34317 and Nifty 10851. These targets will be achieved as long as the Sensex and
Nifty remain above 32312 and 10123 respectively. In the process, the Bearish Rising Broadening
pattern got negated as the both the indices managed to close above their failure point.
The key level to watch out for in this entire upward rally is the support taken at the higher bottom
which is at Sensex 31128 and Nifty 9685. A break of this support will interrupt the higher top higher
This Weeks Recommendations

Rec. Name CMP SL TGT-1 TGT-2
Buy Dalmia B. 2895 2828 2996 3099
Buy BharatForge 671 654 697 725
Buy AdaniPort 432 419 452 473
Buy JSW Steel 265 259 274 284
Buy Walchand N 234 228 243 253
:::: INDEX LEVELS ::::
S3 S2 S1 CLOSE R1 R2 R3
NIFTY 10043 10123 10237 10323 10444 10537 10662
SENSEX 32037 32396 32804 33157 33478 33889 34317
Financial Weekly

INVESTMENT
bottom formation sequence for the indices for the first time since December 2016. As a result, we
will be looking at the Correction of the entire rally which started from Sensex 25717 and 7896 for
the Nifty.
The current Rally has produced two major Bullish Gaps. The first Bullish gap is on daily charts,
between Sensex 29780-29681 and Nifty 9250-9225 will act as strong Support. The second Bullish
Gap which is more critical as it is also a Weekly Gap i.e. between Sensex 29356-29098 and Nifty
9060-8977 hold the key to the long term trend.
On the weekly formation, both the indices had completed a Cup and Handle formation and the
targets are Sensex 34677-37554 and Nifty 10536-11413. If one considers the Cup and Handle
formation of 7 years from 2007 to 2014, the target for that pattern falls at Sensex 34715 and Nifty
10462. The Golden Ratio target of the current pattern weekly pattern of 2 years is at Sensex 34677
and Nifty 10536. Thus in the medium term one can expect a test of the above targets i.e. Sensex
34677-34715 and Nifty 10462-10536.
MACD and Price ROC are both positive and in Buy mode. RSI (67) suggests bullish momen-
tum. ADX has reduced to 18, which suggests sideways trend. Directional Indicators continue in
Buy mode. MFI (84) suggests Positive Money Flow. OBV continues to make higher top higher
bottom formation. Thus Oscillators are suggesting a bullish bias for the near term.
This week, both the indices continue to remain not only above the short term average of 20dma
(Sensex - 32201 and Nifty - 10081) and the medium term average of 50dma (Sensex - 31968 and
Nifty - 9999), but also the long term average of 200dma (Sensex - 30469 and Nifty - 9456). Thus
the trend in short term, medium term as well as the long term timeframe continues to remain Bull-
ish.
Options data for November series indicate highest Call Open Interest is at the strike of 10500
whereas the highest Put build-up is at 10000. Thus Options data suggests a trading range with
resistance coming at 10500 & support at 10000.
Financial Weekly

INVESTMENT
Jignesh R Mehta
(SEBI Registered Research Analyst)
E-mail : support@kiranjadhav.com
Website : www.KiranJadhav.com
Phone: 95 95 113344
Limited Upside before a

much needed breather!
Markets produced unprecedented reality and closed at fresh new high this week. The reason
behind this was the booster dose announced by government to Banking and Infrastructure sectors.
Such an announcement took the market in favour of BULL's. Technically, the momentum also is in
favour of bulls and hence market will continue to take small and steady journey in upward direc-
tions only. Also, the Multiple Moving Averages on India VIX has started forming bearish spread
suggesting low volatility in extreme recent time. This makes a way for little more upside on mar-
kets. This limited upside would be the final upside that market will take before taking a much needed
breather. The maximum momentum that market displayed in AUG-2017, means the max. Vertical
distance that spot took from its 200 DSMA, if counts from current 200 DSMA, comes to around
10650 some levels. We have our own doubts about market going to even 10500 kinds of psycho-
logical level but before market crosses it successfully, We will be very cautious on every upside. I
think while market has final limited upside it also has 10500 and 10650 as important resistances
which are not going to be easy to be breached by the Bulls. If you have good long portfolio then it
should be continued to hold but hedging with short side on Index can be a good idea.
Rising Star : United Spirits (3025.75)

Financial Weekly

INVESTMENT
This is the one stock that we talked about in JULY-2017 to every readers of SMART INVEST-
MENTS. It was exactly the 1st JULY 2017 when our article about this stock was publish in this
magazine. That time, we suggested the stock to buy because it was forming an Inverted Head and
Shoulder pattern on the Charts. That time the stock was available at the market price of 2398.35. In
that article, we suggested the first target should be 3100 and should be achieved in 4 months from
then. If we see the current chart, we can see a whopping single day up move the chart has seen on
the last day of this week. This move has clarified that this stock is pretty much likely to go to 3100 as
our first described target in short while from now. The real reason to pull up my earlier article of the
same stock is to tell you that stock has opened a big up move even after it's first described target in
my first article. Today, we want to show you that in 2015 when this stock was trading at 4000 plus
levels,
it was cruising and looked promising. However, the correction after 2015 and 2016 and then a
striking up move from the support line have made this counter solid again and hence now we
would eye for our second target of 4000 plus levels. This levels has to come by in coming 9 to 10
months. Thus, from current level of around 3025 we are looking for more than 32% gains in 9 to 10
months which is quite rewarding. The shown support line gives us the trailing stop loss levels
which comes to around 2450 currently. One must consult their financial advisor to see whether the
risk is permissible for such an opportunity or not. If answer comes yes than this is the stock looks
very promising technically to us.
Jignesh R Mehta (SEBI Registered Research Analyst)
Disclosers : Views expressed in this article/articles are personal opinion of Author and it doesn't
constitute an offer to buy or sell securities mentioned herein. Enough care has been taken before
arriving at these data, figures & charts, however, readers are advised to do their own assessment
before taking any actions in the market. The author and his company does not take any responsi-
bility for any results that may arise out of using this information.
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
Heidelberg Cem. 500292 156.00 Power Grid 532898 212.00
BHushan Steel 500055 77.00 EIH Ltd. 500840 149.00
Dwarikesh Sugar 532610 73.00 Nath Bio 537291 428.00
Archidply 532994 102.00 DHFL 511072 610.00
KPIT Techno 532400 135.00 Wheels India 590073 1577.00
GSFC 500690 154.00 Thirumalai Che. 500412 1824.00
V-Guard 532953 214.00 Tata Comm. 500483 656.00
Tata Global 500800 220.00 ENIL 532700 804.00
Jindal Saw 500378 118.00 MOIL 533286 267.00
Ajmera Realty 513349 282.00 KNR Const. 532942 253.00
GAIL 532155 470.00 Webco (I) 533023 6187.00
8K Miles 512161 559.00 Maruti 532500 8114.00
Samkarg Pistons 520075 343.00 United Spirits 532432 3029.00
Financial Weekly

INVESTMENT
- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789
Nifty Overview : In Last Trading Session, Nifty closed at 10360. Nifty is at all time high and has positive bias but it’s
too risky to take a buy call at this levels. We don’t have higher targets as of now. We would be more comfortable giving
intra-day calls based on intra-day charts.
Bank Nifty Overview : In Last Trading Session, Bank Nifty closed at 24990. Similarly to Nifty, Bank Nifty is also at
all time high. Bias is positive but we would be more comfortable giving intra-day calls based on intra-day charts.
Last Recommendation Review

Scrip Name BSE Buy/ Enter Did High/ Remark
Code Sell at Low
IGL 532514 Sell 1633 1562 Target Achieved
Jindal Steel 532286 Buy 153 171 Target Achieved
Maruti 532500 Buy 7728 7292 Target Achieved
Wockhard Pharma532300 Buy 610 678 Target Achieved
Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Adani Ent 512599 130 125/130 134 137 122
Glenmark 532296 614 600/610 630 650 580
IDFC 532659 64 62/64 70 75 58
Jindal Steel 532286 167 160/163 170 180 152
Just Dial 535648 414 400/405 420 440 380
OBC 500315 136 130/132 140 150 120
Sun Pharma 524715 555 530 545 560 520
Wockhard 532300 668 650/660 680 700 638
Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Ashok Leyland 500477 128 140/144 134 125 148
Bata India 500043 784 800/810 780 760 825
Century Tex 500040 1356 1400/1410 1380 1360 1435
DHFL 511072 616 630/640 610 590 650
Federal Bank 500469 121 128/132 123 115 136
GAIL 532155 466 480/490 470 460 495
IGL 532514 1595 1620/1630 1600 1570 1650
L&TFH 533519 200 210/212 205 195 216
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 intraday charts. Read Disclaimer at ShareInfoline.com
Financial Weekly

INVESTMENT
Sanco Industries
Diversified from PVC to Electrical Products company
Corporate Feature
Sanco Industries Ltd. (SIL) manufactures wide range of prod-
ucts such as Rigid PVC conduit pipes, PVC casing & capping,
PVC/PP-R Plumbing Pipes, PVC Insulated Domestic Wires &
Cables and Copper Wire Rod. These products are supplied to
entities in the railways, telecom, agriculture, construction, and
irrigation sector. The Company has diversified its manufactur-
ing line from electrical products to sanitary products to reduce market risk by introduc-
ing PVC/PPR Plumbing Pipes in its products line in 2008. Since FY 2009-10 the com-
During the last few pany started the trading operations of PVC resin and other re-
years, besides its lated chemicals also.
regular business, it
has forayed into new SIL has developed a reputation and expertise manufacturing
segments and added a comprehensive variety of products in the PVC industry. Sanco
new products under
the Sanco brand (LED Industries sells its varied range of products under various brand
lights and PVC insula- names such as "SATYAM" "VIKRANT", "MARSHALL",
tion electrical tapes).
It is also in the pro- "SUPERPLAST" and "SANCO". Company's manufacturing fa-
cess of introducing cility of is located in Paonta Sahib, Himachal Pradesh.
some new products
very soon Currently, in India, approximately 71% of the PVC is con-
Product Portfolio
- PVC Conduit Pipes
- PVC Profiles
- PVC Insulated Wires
and Cables
- PVC Resin
- Copper Wire Rod
- LED Lights & Panels
- PVC Insulation Tape
Cont....
Financial Weekly

INVESTMENT
sumed by the Pipes & Fittings industries with the other sectors Sanco’s net profit for
the financial year 2015-
comprising only 27%. PVC Wires & Cables market in India is 16 was Rs.192.12 lakh
which increased to
expected to grow at a CAGR of 18.5% from FY 2014-15 to FY
Rs.311.80 lakh in the
2018-19. Focus of the company is on high quality products and last year i.e. 2016-17.
Its net worth for 2015-
thus prefers to deal with clients who demand international stan- 16 was Rs.2662.25 lakh
dards. GST rollout will reduce the pricing gap between orga- which increased to Rs.
2992.73 lakh
nized and unorganized players and render organized players’ pricing equally attractive.
This would shift consumer attention and preference towards quality branded products
and help to gain market share from unorganised players. So, it will benefit companies
like Sanco Industries.
During last year two major things were happened, Firstly, The Company announced a
bonus of 1:5 to its existing shareholders in the month of August and lastly the company
Clients – Partners
Cont....
Financial Weekly

INVESTMENT
has been migrated to Main Board of Na- Promoter of Sanco Industries

Mr. Sanjay Gupta : Mr. Sanjay Gupta is
tional Stock exchange from Emerge Plat- Co-Promoter and Chairman & Managing Director of
the company. He has Bachelor of Commerce degree
form. Sanco has always stayed ahead of from Delhi University (1985), M.B.A. in Marketing &
Finance from National Institute of Mgmt, New Delhi.
Mr. Gupta started “Sanco Plastic Industries” in 1986 –
times offering the best the consumers a partnership firm engaged in business of manufacturing of PVC
compounds. In 1989, entire business of “Sanco Plastic Industries”
can ask for. Sanco is aiming to make big was acquired by “Sanco Plastics (P) Ltd.”, in which he was the
Director and Promoter. Under his leadership company expanded
gains with diversification and expansion. its business into manufacturing of PVC Compound, PVC Conduit
Pipes and PVC Insulated Wires & Cables. He has cumulative expe-
rience of more than 30 years.
Company’s focus is to continue improv-
Sanco Industries Ltd.
ing return on equity and margins and become the leading PVC (SIL) manufactures
wide range of prod-
products manufacturer globally.
ucts such as Rigid PVC
During the last few years, besides its regular business, it conduit pipes, PVC
casing & capping,
has forayed into new segments and added new products under
PVC/PP-R Plumbing
the Sanco brand (LED lights and PVC insulation electrical Pipes, PVC Insulated
Domestic Wires &
tapes). It is also in the process of introducing some new prod-
Cables and Copper
ucts very soon. The intention is to evolve over a period of time Wire Rod
into an Electrical Products Company as against continuing as a Pipe, Wires and Cables
Company.
Sanco has expanded its reach throughout India with 18 branches & warehouses, 400
distributers and more than 1000 retailers. Over the longer term, the growth potential for
the ompany’s various businesses is immense especially given the large impetus being
put on infrastructure development and urbanization through creation of smart cities. the
company is confident of its abilities to convert this potential into reality.
On financial front, Sanco has been strengthening. Its net profit for the financial year
2015-16 was Rs.192.12 lakh which increased to Rs.311.80 lakh in the last year i.e.
2016-17. Its net worth for 2015-16 was Rs.2662.25 lakh which increased to Rs. 2992.73
lakh. EPS(Earnings Per Share) has jumped at Rs.3.03 last year against Rs.1.87 in the
earlier year.
****
Financial Weekly

INVESTMENT
Stock Buzz Subramanian Mahadevan

dolphincapital@gmail.com
FIEM Industries Limited

(Rs.930):Powerful Lamp!
FIEM Industries Limited (FIEM) - is a Haryana based auto components manufacturing company
and one of the leading manufacturers of automotive lighting & signaling equipment's and rear view
mirrors in India. FIEM is among the first company in India to introduce LED lights in two wheelers
and its major business comes from the two-wheeler segment of the vehicle industry with two major
marquee clients - HMSI and TVS Motors (45% and 26% of revenue) accounts for bulk of its rev-
enue. FIEM raised around 59 crore through IPO in September 2006 at 145/share to finance the
expansion plans and to set up additional manufacturing facility. FIEM has wide range of lighting
systems and rear view mirrors, sheet metals parts and plastic components for two and four wheeler
and other diversified products portfolio includes head lamps, tail lamps, roof lamps, wheel covers,
warning triangle, mudguards, LED Display Panels among others. Ever since its IPO, company has
neither posted losses nor expanded its equity for more than a decade besides showing slow-but-
steady and consistent growth in top-line and bottom-line year after year with regular dividends to
shareholders. FIEM revenue has grown 6X whereas PAT has grown nearly 9X in the last 8 years
and has some aggressive business plans ahead with an aim of becoming a 2000 crore company
by 2020. Buy on every decline for assured double digit returns.
- Subramanian Mahadevan
Financial Weekly
Every Sunday Every Wednesday
English & Gujarati Edition Gujarati Edition

Financial Weekly

INVESTMENT
Smart Picks Rohan Nalawade - Expert in financial analysis (Mumbai )

E-mail ID : rohan.nalavade21@gmail.com
10390 strong resistance for Nifty

Nifty is in a decisive range (10200-10400) below 10350 it can test 10300-10250 10150 levels
and a close below 10150 can start bear trend in Nifty ,only a close above 10400 can strengthen
the index for 10500 -10600 levels ,private banks are coming down Axis yes bank indusindbank
ICICI bank stocks are not performing and came down as results were not above expectations NPA
are increasing ,next week PSU banks results and NPA will increase which will impact results as
below expected and bank nifty can see correction from 25000-to 23500 if results of PSU banks are
below expectation. Market is eying Gujrat election in December because lot of depends on Gujrat
for BJP win in Gujrat will set stage of 2019 lokh sabha election ,and if looses Gujrat elections
market will see big corection .Geopolitical events are going on North Korea is about to test it
missile and may take military action ,if does market can see big corection of 1000 points in short
time so be cautious and trade mostly intraday as one news can spoil market .metals and banking
sectors can see down movement
Stocks to watch out
Axis bank ; Is sell at 488-490 SL 502 for 470-460
Arvind is buy only above 402 for 410-420 SL 390
BPCL is sell below 528 for 520-510 SL 537
SBIN is sell below 320 for 310-300 SL 326
Nifty index spot
Nifty is sell below 10350 for 10250-10175 SL 10410
Nifty is buy above 10430 for 10500-10550
Buy... Buy... Buy on Dips Hold Sell on High

KPR Mills 749.00 Bharti Airtel 485.00
Rajoo Engg. 34.00 ADF Foods 232.00
Tata Spong 936.00 NMDC 128.00
Nelcast 83.00 Essel Propack 270.00
HUL 1257.00 Apollo Tyres 243.00
Jain Irrigation 99.00 Karnataka Bank 158.00
EMAMI 1242.00 Matrimoney.Com 849.00
Moschip Semi. 42.00 Bodal Chemical 169.00
Shilpa Medicare 657.00 IDFC 63.00
Zee Learn 45.00 Shemaroo 390.00
ABB 1403.00 IOC 414.00
Sail 80.00 Harita Seating 815.00
Hero Moto Corp. 3797.00 Amar Raja 684.00
Tata Power 85.00 Somi Convieyar 63.00
Financial Weekly

INVESTMENT
Nilesh S. Kotak
Value Buy (Mob. : 8866004076)
Fundamental Analysis of
DCW Ltd.
Work Profile :- DCW Ltd (formally Dhrangadhra Chemical Works Limited), produces Soda
Ash, Sodium Bicarbonate & Ammonium Bicarbonate, Caustic Soda, Liquid Chlorine, Hydrochloric
Acid, Beneficiated ilmenite, Trichloroethylene, Yellow Iron Oxide, Ferric Chloride etc. DCW Ltd
controlled by the renowned Sahu Jain family, was incorporated in January 1939 to take over India's
first Soda Ash factory in Dhrangadhra, Gujarat.
The company has also introduced a range of home products like packaged spices, flour and
iodised salt.
The Company is one of the six major producers of PVC and accounts nearly 10% of total market
share in India. In Caustic Soda it is having 15% market share in South India.
Production Unit: Sahupuram (Tamilnadu), Dhrangadhra (Gujarat)
The company's management includes Salil Kapoor, D Ganapathy, Sujata Rangnekar, Sodhsal
Singh Dev of Dhrangadhra, Mudit Jain, Vivek Jain, Bakul Jain, Pramod Kumar Jain, Shashi Chand
Jain.
Registered Office :
Dhrangadhra, , Dhrangadhra, Gujarat-363315 .
Share Holding Pattern :-
Promoter Group: 47.38%
Public Holdings: 52.62%
Mutual Funds: 0.01%
Banks: 0.28%
Insurance Companies: 3.04%
Foreign Investors: 5.85%
Corporate Bodies: 5.65%
Individual Investors: 33.52%
Others: 4.27%
Technical Profile:
Market Cap: 771.08 Cr.
Current Price: 52.35
Book Value: 27.56
Face Value: 2.00
Dividend Yield: 0.00%
52 Week High/Low: 39.90/25.60
Cont...
Financial Weekly

INVESTMENT
Advantages:
- Chemical Industry will be growing and will increase the overall market significantly.
- DCW is more specific towards Operations & Sales. Success factor would be high.
Disadvantages:
- Company has low Interest Coverage Ratio.
- Company has delivered a poor growth of 3.74% over past 5 Years
- Company has a low return on equity of 3.22% for last 3 Years
- Company might be capitalizing the interest cost
- Dividend payout has been low at 12.11% of profits over last 3 Years
BULLISH INDIA
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YOUR ONE CLICK CAN CHANGE YOUR LIFE
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9988137985
Financial Weekly

INVESTMENT
Technical News : 30-10-2017 to 3-11-2017

Manu Consultants : Manishkumar - Kolkata
SEBI REG:- RESEARCH ANALYST- INH300002449
• NIFTY FUTURE
NIFTY FUT SUPPORT AT 9700-9550 AND RESISITANCE 10450-650
STRATEGY :- BUY BANK NIFTY ON DIPS TILL 24800 SL 24600 TA 25500-750
STOCKS F&O:-
APOLLO TYRE (245):- BUY APOLLO TYRE ON DIPS TILL 238 SL 234 TA 260-65
IDEA (92):- BUY IDEA ON DIPS TILL 88 SL 84 TA 100-04
HAVELLS (487):- BUY HAVELLS ON DIPS TILL 478 SL 470 TA 500-20
RAYMONDS (910):- BUY RAYMONDS ON DIPS TILL 885 SL 874 TA 940-65
SELL STOCKS
SELL AMARA RAJA ON RISE TILL 720 SL 736 TA 665-50
SELL EQUITAS ON RISE TILL 150 SL 154 TA 138-35
DELIVERY STOCKS
BUY TEXMACO RAIL SL 94 TA 140-65
DISCLAIMER :- The Recommendations are based on technical analysis. There is a risk of loss
in trading.Please visit website www.dallalstreet.org for full disclaimer and disclosures.
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Financial Weekly

INVESTMENT
Terrific Shots - Dilip K. Shah
Oberoi realty (Rs459.00) (Code:533273) :- Realty sector company has witnessed

improvement in sales in its projects except its high-end residential project in Worli in Mumbai. The
company witnessed slump in sales in previous quarter due to demonetization, GST and RERA. It
sold 84 apartments in September quarter, which stood at 40 in the previous quarter. It has sold 21
apartments in Goregaon, 39 in Boriwali and 19 in Mulund. Moreover, the pre-sales in September
quarter touched to Rs350 crore from Rs290 crore in the previous quarter. It has bought land worth
Rs550 crore in Thane area in September quarter. In September quarter, it witnessed consolidated
income of Rs303.52 crore and other income of Rs4.97 crore and profit of Rs103.45 crore. The
stock prices have witnessed 15% surge in last five trading sessions.
KNR Construction (Rs.253.00) (Code:532942) :- The company with considerable
presence in Southern India has equity of Rs28.12 crore and reserves of Rs668.84 crore. The pro-
moters hold 57.95% and public hold 45.05% stake in the company. It FY2017, the company's
income increased from Rs995.12 crore to Rs1679.59 crore, while profit increased from Rs126.39
crore to Rs98.75 crore with EPS of Rs7.02. The one time cost and higher interest cost has resulted
in dampening the profit. However, in June quarter, the company's income increased from Rs303.17
crore to Rs480.75 crore, while profit spurt from Rs30.21 crore to Rs67.59 crore with EPS of Rs4.81.
The DII hold huge stake, balance sheet is strong and order book is robust, which are positive
aspects of the company. The stock with strong fundamentals may cross Rs300 level within six
months.
Shemaroo Enter (Rs.390.00) (Code:538685) :- The promoters hold 65.82% and
public hold 34.18% stake in the company. As against equity of Rs.27.18 crore, the company has
reserves of Rs399.45 crore. In FY2017 the company's income increased from Rs374.90 crore to
Rs425.53 crore, while profit increased from Rs52.16 crore to Rs61.48 crore with EPS of Rs22.62.
In June quarter, the company's income increased from Rs95.87 crore to Rs103.64 crore, while
profit increased from Rs14.04 crore to Rs15.93 crore. It's library contains more than 3400 tiles. It
has a huge distribution network. It has purchased rights of thousands of Gujarati plays. Stock can
be considered for buying at current price.
Cochin Shipyard (Rs.570.00) (Code:540678) :- The government of India owned
company has recently hit the stock market with IPO. It has given good return despite poor listing. It
is the biggest shipyard company on account of the dock capacity. It also manufactures vessels for
defense and shipping industry along with repairing ships. It also runs marine training programme.
It raised Rs1468 crore for setting up dry dock facility and international ship repair facility. As against
offer price of Rs432, the stock prices have improved a lot. There is no rival that can come closer to
it. It may get optimum benefit of Make in India and stress on defense manufacturing for being a
PSU company. It may touch Rs625 level soon.
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

INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
Improvement may continue in selected stocks

BSE Index (33157.22) :- It is witnessing improvement from bottom of 31081.83. It shows over-
bought position on daily and weekly basis, while overbought to neutral on monthly basis. On up-
ward movement, beyond33287 it may go up to 33335, 33515 and 33600. On the downward move-
ment, below 32840 it may get support at 32670.
Nifty Future (10365.85) :- It is witnessing improvement from bottom of 9695. It shows over-
bought position on daily and weekly basis, while overbought to neutral on monthly basis. On up-
ward movement, beyond 10390 it may go up to 10410, 10440, 10460 and 10500. On the down-
ward movement, below 10270 it may get support at 10215.
Bank Nifty Future (24981.25) :- It shows improvement from bottom of 23886.10. It shows over-
bought position on daily basis, neutral on weekly basis and overbought to towards neutral on
monthly basis. On upward movement, beyond 25139 it may go up to 25260, 25300, 25385 with
resisting level at 25480. On the downward movement, below 24700 it may get support at 24580.
Allahabad Bank (77.10) :- It shows upward movement from bottom of 64.45. It shows neutral
position on daily basis, neutral on weekly and oversold on monthly basis. On upward movement,
beyond 89 it may go up to 92.50 and 100. On the downward movement, below 75 it may get sup-
port at 72.
Bank of India (181.05) :- The stock is moving upward from bottom of 131. It shows overbought
position on daily basis, neutral on weekly basis and towards neutral on monthly basis. On upward
movement, beyond 202 it may go up to 215. On the downward movement, below 179 it may go
down to 165 and 157.
OBC (135.70) :- It shows upward movement from bottom of 111.55. It shows overbought posi-
tion on daily basis, towards neutral on weekly basis and oversold position on monthly basis. On
upward movement, beyond 161 it may go up to 166 and 171. On the downward movement, below
135 it may go down to 131 with support at 127.
BHEL (95.15) :- It is moving upward from bottom of 80.35. It shows overbought position on daily
basis, towards neutral on weekly basis and oversold on monthly basis. On upward movement,
beyond 106 it may go up to 110 and 113. It may get support at 88.
Dish TV (77.95) :- It is moving upward from bottom of 68. It shows towards overbought position
on daily basis, towards neutral on weekly basis and oversold position on monthly basis. On up-
ward movement, beyond 81 it may go up to 84 and 89. It may get support at 73.
disclosure : The Recommendations are based on technical analysis. There is a risk of loss in
trading.
-: Golden quote :-
The Universe neither blesses you nor punishes you
It only responds to the vibrations of your attitude
Financial Weekly

INVESTMENT
Dilip Davda Best Buy

e-mail Expert’s Eye Graphite India,
dilip_davda@rediffmail.com Yes Bank,
GIC Housing
Although SY 2074 starts on a dull note

Booster Banking/Infra doze propels sentiment
During the fortnight under report, the week ending with Muhurat Trades marked lackluster trades
and closed the week on a negative note. While NSE Nifty closed the week with a net loss of 20.90
points, BSE Sensex ended the week with a mere deficit of 42.73 points. However, regular week of
SY 2074 started on a positive mood and it got booster doze in the form of stimulus for banking
sector amounting to Rs. 2.11 lakh crore and mega spending for Infra sectors. These announce-
ments brought cheer across the board and that also helped market to mark new historic intraday
and closing milestones for both benchmarks. Following afresh buying across the board, NSE Nifty
scored 176.50 points and BSE Sensex gained 767.26 points for the second week of the fortnight.
In fact second week also had derivatives expiry.
During the fortnight, indices moved in the range of 10366.15-10123.35 and 33286.51-32312.74
for NSE Nifty and S&P BSE Sensex respectively.
Secondary Market : (for two weeks)
First week of the fortnight closing with Muhurat trades marked negative trends following week
global cues and continued selling from FIIs. For the week while NSE Nifty marked deficit of 20.90
points, BSE Sensex posted loss of 42.73 points with mega losses on the day of Muhurat trades (i.e.
19.10.17). During this period while Nifty moved in the range of 10251.85-10123.35. BSE Sensex
hovered in the range of 32699.86-32319.37.
Following positive remarks by IMF President for Indian economy, all out buying in index based
counters helped indices to gain on Monday. NSE Nifty scored 63.40 points to close at 10230.85
and BSE Sensex gained 200.95 points to end the day at 32633.64. However, profit booking seen
across Mid and Small cap counters. Auto, Pharma, FMCG and Metal counters lead the rally. Godrej
Agrovet got listed on BSE/NSE and marked opening at a premium of 35%. Milton Ind got listed on
NSE SME and opened at a premium of 20% to offer price.
Surge in global markets kept our market also in green zone for Tuesday. However, profit book-
ing post noon forced market to close flat but with divergent trends. While NSE Nifty scored mere
3.60 points to end the day at 10234.45, BSE Sensex lost 24.48 points to close at 32609.16. Surge
in Pharma and Telecom counters helped indices to curtail losses. Select Mid and Small cap counters
gained on renewed support from bulls.
Wednesday markets opened in red and continued to drift amidst range bound trades. NSE Nifty
lost 23.60 points to close at 10210.85 and BSE Sensex marked deficit of 24.81 points to end the
day at 32584.35. However, surge in market darling Reliance curtailed loss in indices. Pharma,
Autom Banking counters marked selling spree. FIIs were the net sellers and DIIs were the net
buyers. Mas Financial got listed on BSE/NSE and opened at a pre-
ex-Split mium of 44%. Pokarna turned ex-split (5 for 1).
Vishal Fabrics (2 for 1) Market marked Muhurat trades on Thursday. Poor global trends
Siyaram Silk (5 for 1) and US-North Korea imbroglio brought selling spree and we marked
Pokarna (5 for 1) lackluster negative trades. Although market started on a steady note,
it soon turned negative with banking counters witnessing hammer-
Cont....
Financial Weekly

INVESTMENT
ing were joined by fancy counters in metal, auto. NSE Nifty lost 64.30 points to end the day at
10146.55 and BSE Sensex marked deficit of 194.39 points to close at 32389.96.
All markets were closed on Friday on account of Hindu New Year Holiday.
Second week of the fortnight started on a positive note and while NSE Nifty marked negative
trades for the last session of the week, BSE Sensex made clean sweep with positive trades for
entire week. On the last day of week/fortnight, markets closed flat but with divergent trends. Nifty
closed with a loss of 20.75 points while Sensex ended with a gain of mere 10.09 points. Despite
such divergent closing on the last day of the week, indices marked net weekly gains of 176.50 for
NSE Nifty and 767.26 points for BSE Sensex.
On Monday while index based buying continued, profit booking seen on Mid and small cap
counters. Mixed trends seen for Banking, Auto while Reliance surged and helped indices to gain.
Metal, IT and telecom counters gained on value buying. FIIs were net sellers and DIIs were net
buyers for the day. Nifty gained 38.30 points to close at 10184.85 and BSE Sensex scored 116.76
points to end the day at 32506.72. IEX got listed on BSE/NSE and opened at around 9% discount
to offer price. D P Abhushan got listed on NSE SME and opened at 20% premium to offer price.
On Tuesday recapitalization plan of Rs.2.11 lakh crore for PSU banks lifted the sentiment and
market remained in green zone despite derivatives expiry. Oil and Gas, Metal, Banking counters
gained and got support from select Mid and Small cap fancy scrip. NSE Nifty scored 22.85 points
while BSE Sensex gined 100.62 points to close at 10207.70 and 32607.34 respectively. Vishal
Fabrics turned ex-split (2 for 1).
On Wednesday, FIIs renewed buying following booster doze for PSU banks and infra spending
boosted sentiment. PSU Bank counters lead the rally and got support from auto, power and capital
goods counters. Mid and Small cap counters too gained on all out buying. However, Pharma sec-
tor witnessed profit booking at every rise. FII turned mega net buyer for the day while DIIs were
token net sellers. NSE Nifty gained 87.65 points to end the day at 10295.35 and BSE Sensex
scored 435.16 points to close at 33042.50. BSE celebrated sensex closing above 33K level for the
first time. GIC Re got listed on BSE/NSE and opened at a discount of around 7% to offer price.
Siyaram Silk turned ex-split (5 for 1).
Thursday started on negative note due to derivatives expiry but short covering post noon brought
indices in gaining mode to close in green. NSE Nifty scored 48.45 points to close at 10343.80 and
BSE Sensex gained 104.63 points to end the day at 33147.13.New intraday and closing mile-
stones marked on derivatives expiry day. FIIs and DIIs were net sellers in cash.
On Friday, after opening in green, market witnessed selling spree at every rise following weak
global cues and ended the day with divergent trends. While NSE Nifty ended the day at 10323.05
with a loss of 20.75 points, BSE Sensex posted new all time high for intraday as well closing.
Sensex gained mere 10.09 points to close at 33157.22. FIIs were net sellers and DIIs were net
buyers for the day. Pharma, FMCG, IT, Auto counters surged and helped indices to be in green.
Kaarya Facility got listed on BSE SME and opened at a premium of around 10% to offer price.
Thus for the first fortnight of SY 2074, NSE Nifty and BSE Sensex marked net GAINs of 155.60
and 724.53 points respectively. Booster dozes of Rs.2.11 lakh crore from finance ministry for banking
sector and mega spending announcement by road transport ministry.
Rupee eased to mark Rs. 65.05 a dollar and Crude Oil also surged to mark 59$ a barrel raising
concern for petroleum product price hike. Q2 number season is keeping the market in stock spe-
cific mode for a while. For the ensuing week, market will have on radar auto/cement sector dis-
patch data.
NSE Nifty and BSE Sensex may hover between 10550-9850 and 33500-32000 respec-
tively for the ensuing week.
Scrip Watch :- Investors may keep following scrip on radar for their investment plans:
Graphite India (BSE Code: 509488) :- This company is engaged in graphite, carbon and GRP
Cont....
Financial Weekly

INVESTMENT
pipes. It has reported net profit of Rs. 118.46 crore on a turnover of Rs. 878.52 crore for H1 of FY18
against net profit of Rs 26.47 crore on a turnover of Rs. 676.40 crore for the corresponding previous
period. For FY17 it posted net profit of Rs. 110.53 crore on a turnover of Rs. 1475.64 crore. As on
30.09.17 it's paid up equity capital of Rs. 39.08 crore is supported by free reserves of Rs. 1930
crore. Scrip may be considered at declined levels for medium to long term investment. It currently
quotes around Rs. 450.70 against 52 week High/Low of Rs. 492/71, FV Rs.2.
Yes Bank (BSE Code: 532648) :- This private sector bank has posted net profit of Rs. 1968.25
crore on a total income of Rs. 11834.74 crore for H1 of FY18 against net profit of Rs. 1533.34 crore
on a total income of Rs. 9745.06 crore for the corresponding previous period. For FY 17 it earned
net profit of Rs. 3330.09 crore on a total income of Rs. 20581.40 crore. As on 30.09.17 it's paid up
capital of Rs. 458.14 crore is supported by free reserves of Rs. 23565 cr. Scrip may be considered
at declined levels for medium to long term investment. It currently quotes around Rs. 307.20 against
52 week High/Low of Rs. 383/218, FV Rs. 2.
GIC Housing (BSE Code: 511676) :- This housing finance sector company has posted net
profit of Rs. 82.37 crore on a total income of Rs. 549.91 crore for H1 of FY18 against net profit of Rs.
66.69 crore on a total income of Rs. 482.04 crore for the corresponding previous period. For FY17
it posted net profit of Rs. 147.73 crore on a total income of Rs. 1001.74 crore. As on 30.09.17 it's
paid up equity capital of Rs. 53.85 crore is supported by free reserves of Rs. 866 crore plus. Scrip
may be considered for medium to long term investment. It currently quotes around Rs. 489.95
against 52 week High/Low of Rs. 623/251, FV Rs. 10.
DISCLAIMER : No financial information whatsoever published anywhere here should be con-

strued 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 advi-
sor prior to making any actual investment decisions, based on information published here. Any
reader taking decisions based on any information published here does so entirely at own risk.
Above information is based on the details available as on the date along with market perceptions.
Author has not traded in above three stocks mentioned in Scrip Watch during last one month and
has no holdings or plans to invest in any scrip referred above. (THE AUTHOUR IS SEBI REGIS-
TERED RESEARCH ANALYST) (Email: dilip_davda@rediffmail.com )
Financial Weekly

INVESTMENT
Nifty & Sensex Movement during the last week

NSE - Nifty Open High Low Close Diff
NSE - Nifty Open High Low Close Diff
16-Oct-17 10207.4 10242.95 10175.1 10230.85 63.4
17-Oct-17 10227.65 10251.85 10212.6 10234.45 3.6
18-Oct-17 10209.4 10236.45 10175.75 10210.85 -23.6
Diwali Muhurat
19-Oct-17 10210.35 10211.95 10123.35 10146.55 -64.3
20-Oct-17 Hindu New Year Holiday NA
23-Oct-17 10176.65 10224.15 10124.5 10184.85 38.3
24-Oct-17 10218.55 10237.75 10182.4 10207.7 22.85
25-Oct-17 10321.15 10340.55 10240.9 10295.35 87.65
26-Oct-17 10291.8 10355.65 10271.85 10343.8 48.45
27-Oct-17 10362.3 10366.15 10311.3 10323.05 -20.75
Net Gains 155.6
BSE Sensex Open High Low Close Diff
16/10/17 32,488.23 32,687.32 32,445.43 32,633.64 200.95
17/10/17 32,654.41 32,699.86 32,556.74 32,609.16 -24.48
18/10/17 32,518.56 32,670.32 32,462.85 32,584.35 -24.81
Diwali Muhurat
19/10/17 32,656.75 32,663.06 32,319.37 32,389.96 -194.39
20/10/17 Hindu New Year Holiday NA
23/10/17 32,411.86 32,614.89 32,312.74 32,506.72 116.76
24/10/17 32,619.26 32,670.37 32,502.08 32,607.34 100.62
25/10/17 32,995.28 33,117.33 32,804.60 33,042.50 435.16
26/10/17 33,025.17 33,196.17 32,835.06 33,147.13 104.63
27/10/17 33,228.32 33,286.51 33,109.41 33,157.22 10.09
Net Gains 724.53
Financial Weekly

INVESTMENT
Scrip Watch - Dilip K. Shah
Shilpa Medicare (Rs. 657.00) (Code : 530549) (F. V. : 1.00) :- Shilpa Medi-
care, with robust portfolio of APIs and formulations, supplies to a clutch of leading global players in
re gulated markets such as Europe, Japan and South Korea, among others. The management has
guided for capex of about Rs.450 crore over the next two years on capacity expansion and invest-
ment in new technology. This capex will be funded by a mix of internal accruals and debt. The
company is progressing well on ANDA filings, with cumulative pending approvals of 26. With a low
base in the US market, sales there are expected to ramp-up, led by its existing products and new
approvals.The company is well positioned in the Europe market too, with marketing authorization
in place and likely tie-ups with marketing agencies. In addition to injectables, SLPA has started
R&D in transdermal patches. We continue to like SLPA, as the key positives are in place to drive
42% earnings CAGR over FY17-20E. Buy. Buy more at decline.
ABB India (Rs. 1403.00) (Code : 500002) (F. V. : 2.00) :- ABB India rose last
week after net profit rose 18.17% to Rs 83.39 crore on 7.28% fall in total income to Rs 1953.12
crore in Q3 September 2017 over Q3 September 2016.ABB is a pioneering technology leader in
electrification products, robotics and motion, industrial automation and power grids, serving cus-
tomers in utilities, industry and transport & infrastructure globally. ABB Group holds 75% stake in
ABB India as per the shareholding as on 30 September 2017.The large-cap company has equity
capital of Rs 42.38 crore. Face value per share is Rs 2.The scrip has outperformed the market in
past one year, gaining 25.37% as against Sensex's 16.08% rise.The stock has jumped from Rs.1330
to Rs.1400 in just five trading sessions. Buy in phased manner.
Blue Dart (Rs. 4188.00) (Code : 526612) (F. V. : 10.00) :- Logistics major Blue
Dart Express on last Tuesday reported 3.29 percent fall in standalone net profit to Rs 41.39 crore
for the September quarter, 2017-18.The firm had clocked a net profit of Rs 42.80 crore in the year-
ago period. Its total standalone income rose to Rs 708.64 crore during the July-September quarter
of the current fiscal, as against Rs 670.21 crore in the same quarter of 2016-17. Total expenses of
the also rose to 645.38 crore from Rs 607.18 crore. Blue Dart Express Ltd, is an express air and
integrated transportation and distribution company making deliveries to over 35,129 locations in
India. Invest.
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

INVESTMENT
Market Tips - Dilip K. Shah
Harita Seating Systems (Rs. 815.00) (Code : 590043) (F. V. : 10.00) :-

Harita Seating Systems, part of the TVS group, provides complete solutions for driver and cabin
seating in commercial vehicles (CVs), tractors and construction equipment as well as for passen-
ger seating in buses across all segments. Seat manufacturing facilities include powder coating,
upholstery cutting and sewing and seat assembly. There is a dedicated assembly line for each
product line. There is 51% holding in joint venture HaritaFehrer, Chennai, with partner FS Fehrer
Automotive GmbH (Fehrer), Germany, controlling 49% stake. HaritaFehrer is a technology-driven
polyurethane foam pad supplier to automotive seat manufacturers. Customers in the CV segment
are Tatas, Ashok Leyland, Nissan, Mahindra and Mahindra and Scania. Tractor makers Tafe, John
Deere, New Holland, Mahindra and Mahindra and Escorts are in the client list. Construction equip-
ment makers Kobelco, Hyuandi, BEML, Tata Hitachi and Leyland Deere use the products. Original
equipment manufacturers (OEMs) Volvo, Tata Motors, Marcopolo, SML Isuzu, Scania and Nissan
buy the bus seats. The company’s net profit grew 9% at Rs.3.9 crore while sales grew 11% at
Rs.99 crore. On a small equity base of Rs 7.7 crore and face value of Rs 10 per share, standalone
EPS for FY 2018 works out to Rs 35.9 compared with Rs 32.4 for FY 2017. The stock is worth
accumulation.
Britannia (Rs. 4589.00) (Code : 500825) (F. V. : 2.00) :- Key input prices
(including milk and sugar) have shown a declining trend due to higher production, which will ben-
efit dairy and packaged food manufacturing companies such as Britannia Industries in the near
future. Dairy procurement prices declined by 11% in recent times on account of higher supply. The
same is expected to remain stable over the next two quarters because of better supply. On the
other hand, sugar prices have corrected by 6% from their high and have remained flat on YoY
basis. Sugar production is expected to be higher by 20-25% in the current season on account of
better rainfall, which will further help prices to soften in the domestic market. Further, extended
monsoon in most of the country bodes well for rabi crops (wheat production is expected to be
higher), as it will help in softening rabi crop prices. If prices of key inputs remain soft in the coming
quarters. So, there are number of positives for the company. It will announce Q2 numbers Novem-
ber 12, 2017 which are expected to be very strong. Buy.
CIPLA (Rs. 623.00) (Code : 500087) (F. V. : 2.00) :- Cipla rose last week after the
company said its subsidiary received US drug regulator's approval to market a generic version of
Genzyme's Renvela tablets. It is for the control of serum phosphorus in adults with chronic kidney
disease (CKD) on dialysis. Renvela Tablets had US sales of approximately $1.85 billion for the
12-month period ending August 2017. Cipla is a global pharmaceutical company. Its portfolio in-
cludes over 1500 products across wide range of therapeutic categories with one quality standard
globally.On a consolidated basis, net profit of Cipla rose 20.57% to Rs 408.82 crore on 3.48%
decline in net sales to Rs 3432.32 crore in Q1 June 2017 over Q1 June 2016.The large-cap com-
pany has equity capital of Rs 160.94 crore. Face value per share is Rs 2. Invest.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
Financial Weekly

INVESTMENT
SMART TIPS Smita N. Zaveri
Zee Learn (Rs. 45.00) (Code: 533287) :- Shares of this education sector company are
listed in the B Group and have face value of Re. 1. The shares touched a 52-week high of Rs. 51
and low of Rs. 32. A part of the Subhash Chandra promoted Essel Group, Zee Learn has presence
across the country. It has 90 Mount Litera Zee Schools in 80 cities, over 1,500 branches of Kidzee
pre-schools in 550 cities. It also runs a Zee Institute of Creative Arts, which is a classical and digital
animation training academy, and Zee Institute of Media Arts, which is a film institute and TV train-
ing academy. For September 2017, Zee Learn reported income of Rs. 60.48 crores, and net profit
of Rs. 11.34 crores. Looking at the strong growth in education, especially play school segment, the
company is expected to do very well. The stock is trading at a PE multiple of just 31, and can be
bought with a long-term view.
Sarla Performance (Rs. 61.00) (Code: 526885) :- Shares of this B Group listed
textiles company have face value of Re. 1. The shares touched a high of Rs. 80 and low of Rs. 41
in the past year. The company has manufacturing units in Vapi and America. An 100% export
oriented company, it supplies its products to over 45 countries. It is a leading player in nylon yarn
and polyester yarn production. For the June 2017 quarter, Sarla Performance reported consoli-
dated sales of Rs. 79.07 crores and net profit of Rs. 9.06 crores. The company's US subsidiary,
which was making losses so far, is in the process of achieving turnaround. While its peers' are
trading at 35 times the earnings, shares of Sarla Performance are quoting at a PE multiple of just
10. The stock is very attractively valued.
Hindustan Zinc (Rs. 319.00) (Code: 500188) :- This Zinc producer's shares are
listed in the A Group of BSE and have face value of Rs. 2. The share touched a 52-week high of
Rs. 333 and low of Rs. 226. The world's second largest galvanised metal producer, Hindustan
Zinc is controlled by billionaire Anil Agarwal. From 900 KT at the end of 2016-17, its zinc produc-
tion capacity will increase to 960 KT in 2017-18, and 1.20 MT at the end of 2018-19. The likelihood
of finding silver grade ore in new mines in higher than in the older mines. For September 2017
quarter, Hindustan Zinc reported 34% jump in net profit at Rs. 245 crores. Its income for the quarter
was Rs. 5,232 crores. Trading near the 52-week high at present, the stock can be seen touching
fresh high in the short to medium term, and quote at Rs. 455-465 in the long term.
MOIL (Rs. 257.00) (Code: 533286) :- Shares of this mining company are listed in the
B Group and have face value of Rs. 10. The shares touched a high of Rs. 285 and low of Rs. 144
in the last 52 weeks. Its shares have surged by 31% in six trading sessions in anticipation of grow-
ing demand for electric vehicle batteries. Lithium, cobalt and manganese are used in manufactur-
ing the batteries. The company plans to nearly double its manganese production capacity from 1.1
million tonnes to two million tonnes by 2021. Company sources say that MOIL plans to spend Rs.
160-200 crores to buy mines in South Africa along with BHP Billiton. For the quarter ended June
2017, its sales surged 87% to Rs. 340 crores, while net profit doubled to Rs. 96 crores. The com-
pany is debt-free, and is seen benefiting from higher manganese prices. The stock can be seen
touching new 52-week high in the short to medium term, and cross Rs. 300 in the long-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 27th October 2017 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

INVESTMENT
Smart super duper - Dilip K. Shah
Bodal Chemicals (Rs.169.00) (Code:524370) :- Ashish Kacholiya has bought 12

lakh more shares. The chemical segment company has been performing well for last two years
due to ban on Chinese chemical products. Moreover, the sector's profitability and the company's
exports have also increased. As against equity of Rs21.82 crore the company has reserves of
Rs341.36 crore. In June quarter, the company's income increased from Rs270.55 crore to Rs271.98
crore, while profit decreased from Rs32.21 crore to Rs31.15 crore. The profit has remained under
pressure before launch of GST, which can be recovered in coming quarters. The company has
been witnessing good growth for four years. It has been in consolidation range for a long time, so
considered for investment.
Karnataka Bank (Rs.158.00) (Code:532652) :- The private sector banks along with
PSU banks have been in the limelight for some time. Kotak Bank acquired and merged ING Vysya
Bank with itself and talks are on for merger of other banks. Many more small banks may be on
radar of big banks. Karnataka Bank has network of 765 branches and 1334 ATMs. In the first six
months, the bank's profit decreased from Rs245.36 crore to Rs227.23 crore with EPS of Rs8.04.
The stock is being quoted at P/E of 9.5 which is quite lower compared to other peers in the market.
The bank's equity is Rs282.62 crore. The stock seems attractive from technical point of view, so
many analysts are bullish about it. It may cross Rs200 level in near future.
Samkrg Piston (Rs.343.00) (Code:520075) :- It is listed in XC group on BSE with
face value of Rs10. The company is active in auto ancillary segment and its performance has been
improving with every quarter. The promoters hold 68.88% and public hold 33.12% stake in the
company. In September quarter, the company's income increased from Rs66.32 crore to Rs84.99
crore, while profit increased from Rs5.32 crore to Rs6.26 crore. As against equity of Rs9.82 crore,
the company has reserves of Rs106.44 crore. It paid 45% dividend for 2017. Increase in the sales
volume of two and four wheelers in the country will benefit the company. It is being quoted at
attractive valuation so can be invested with long term outlook.
Unichem Lab (Rs.305.00) (Code:506690) :- The integrated pharmaceutical com-
pany was set up in 1962. Domestic sales account for 75% of the company's income. The company
lagged behind its peer in recent past but has managed to overcome hurdles through restructuring
activity and improving operating parameters. It's four brands are among top 300 brands and two
brands have found place among top 100 brands of the country. It has its own R&D facilities and it
has strengthen its product portfolio through 100% subsidiary in Europe. It has its plants in Roha,
Goa, Gaziabad, Pithampur, Sikkim and Baddi. There is news in the market that Torrent Pharma is
all set to acquire the company. If it turns out to be true than the stock may cross Rs350 level.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
Financial Weekly

INVESTMENT
Investment Ideas telegram.me/rupeegains7
NIFTY :- For nextweek NIFTY Some Smart Recommendations in

has strong support around 10255 last 12 Months (Nov-16 to Oct-17)…
levels. Break will take it to 10180 Stocks Rec. High (%)
Rate After
levels. On the upper side NIFTY Recco.
will face strong hurdle at 10390 lev- GOA CARBON 140.45 828.8 490%
FMNL 40.35 199.75 395%
els, cross over with volume and TALBROS ENG 251 824 228%
close above will create short cov- BHARAT SEATS 64.65 210.9 226%
NATH BIO 148 459 210%
ering at take NIFTY up to 10500 SAKUMA EXPORTS 70 213 204%
levels… ABC BEARINGS 150 450 200%
FRONTIER SPRING 72 213 196%
BANK NIFTY :- For next week AKAR TOOLS 45.75 123 169%
KOLTEPATIL 102.5 271 164%
BANK NIFTY has strong support SORIL HOLDING 33.55 86.1 157%
around 24660 levels. Break will take MEGHMANI 44.4 112 152%
EON ELECTRIC 59 137.5 133%
it to 24560-24300levels. On the ONWARD TECHNO 75 169.9 127%
upper side BANK NIFTY will face MUKAND LTD 49.35 109.35 122%
LKP FINANCE 80.45 170 111%
strong hurdle at 25000 levels, cross SHILP GRAVURES 85.3 180 111%
over with volume and close above FRESHTROP FRUIT 104 218 110%
HILTON METAL 26 54 108%
will create short covering at take BNK CAPITAL 67.4 137.95 105%
BANK NIFTY up to 25200-25300 HISAR METAL 50 99 98%
PIX TRANS 82 160 95%
levels… JMC PROJECT 246.45 472.5 92%
INDIA GLYCOL 181.6 346.25 91%
To get free information for trading, in- DIAMINES & CHEM 56 106.45 90%
vestment, IPO, SME IPO join with my tele- SREE RAYALASEEMA 30.3 55 82%
gram ID "TELEGRAM.ME/ GRAUER & WEIL 40 72 80%
RUPEEGAINS7". Also inform your PUDUMJEE PAPER 19.2 34.2 78%
ROYAL ORCHIED 86 150.7 75%
friends/relatives who are interested in
MUNJAL AUTO 54.5 94.1 73%
stock market & want to create wealth GTN TEXTILE 17.4 29.5 70%
from stock market to join my telegram id MANGALORE CHEM 50.5 84.4 67%
"TELEGRAM.ME/RUPEEGAINS7". For PHYTOCHEM 51.55 85 65%
that in your mobile download app TELE- AJMERA REALTY 177.2 287 62%
P G FOILS 124 190 53%
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RUPEEGAINS7 - CROSS ANOTHER KILBURN ENG 63.45 93.5 47%
MANKASIA COATED 10.65 15.5 46%
MILESTONE11581+ satisfied group DAMODAR IND 99 144 45%
members. RDB RASAYAN 47 68 45%
For join in FREE WHATS APP group INDO AMINES 77.2 108.5 41%
VINYL CHEM 70.75 97 37%
of Rupee Gains, Send ADD request with GUJ SIDDHI CEM 30.1 41 36%
your name & city on WHATS APP num- NAGREEKA EXPORTS 29.3 39.8 36%
ber 9638322864. MAN IND 85.25 115.45 35%
AVT NATURAL 37.75 51 35%
RCF 79 106.5 35%
PATSPIN INDIA 23 31 35%
Cont....
Financial Weekly

INVESTMENT
SHORT TERM to MEDIUM TERM IN-

VESTMENT IDEAS…
Last week, we had recommended ATLANTA @ Rs.93.7 within short time it zoomed to Rs.108
levels and recorded 15% appreciation. NUCLEUS SOFTWARE recommended at Rs.323.45, it
zoomed to Rs.392.15 levels and recorded almost 21% appreciation. W H Brady recommended at
Rs.228.5, it zoomed to Rs.266 levels and recorded almost 16% appreciation. Still we are bullish in
W H Brady. Stock can cross Rs.300 levels in coming days…
CONART ENGINEERS LTD (522231)
(55.25) (Face Value Rs.10)
Incorporated in 1992, Mumbai based Conart Engineers Limited provides general contracting
and project management services for industrial, commercial, and residential construction projects
in India.
It has an equity base of just Rs.3crore that is supported by reserves of around Rs.12.96crore. It
is almost debt free company.
CEL's net profit zoomed 13.63% to Rs.0.50crore (PAT zoomed 150% on QoQ basis) from
Rs.0.44crore on 72.62% higher sales of Rs.7.63crore fetching an EPS of Rs.1.65.
Investors can watch this stock with a stop loss of Rs.47. On the upper side, it could zoom to
Rs.60-63 levels in the short to medium term & Rs.85 levels in long term…
AMAL LTD (506597) (150.35) (Face Value Rs.10)
Amal Ltd is engaged in manufacturing and marketing bulk chemicals such as Sulphuric Acid
and Oleum and their downstream products such as Sulphur Dioxide and Sulphur Trioxide. These
chemicals are predominantly used by Chemical and Dyestuff industries.
For H1FY18, its net profit zoomed 12.34% to Rs.4.55core against Rs.4.05crore on sales 25.85%
higher sales of Rs.14.41crore fetching an EPS of Rs.6.49.
Currently, this ATUL group stock available at a P/E of just 10.7x which is cheapest in chemical
sector in this boom period. ATUL LTD is trading around Rs.2400 levels. AMAL was touched
Rs.207.90 levels in April-17 & after correction now stock is available at attractive levels.
Investors can watch this stock with a stop loss of Rs.130. On the upper side, it could zoom to
Rs.175-180 levels in the short to medium term & Rs.207/225 levels in long term.
LACTOSE (INDIA) LTD (524202) (171.2)
(Face Value Rs.10)
Lactose (India) Limited manufactures and trades in pharmaceutical products in India. The com-
pany offers lactose monohydrate; dry granulated, film, and lacquer coated tablets; and pharmaceu-
tical products in liquid dose forms. It also provides disaccharide lactulose, an active pharmaceuti-
cal ingredient that is used in the treatment of constipation, hepatitis encephalopathy, intestinal
microflora, dental care, diabetes, and chronic liver disease, as well as for use as a prebiotic; and
galacto-oligosaccharides, a prebiotic for use in dairy and bakery products, beverages, infant and
clinical nutrition, and geriatric nutrition applications, as well as in products for children or adoles-
cents. Its new plant and Asia's biggest plant will start from October 2017 which will increase its
profitability and sales in coming days. Watch with a stop loss of Rs.160. On the upper side stock
could zoom to Rs.200-210 levels in short term…
Cont....
Financial Weekly

INVESTMENT
WINSOME TEXTILE INDUSTRIES LTD

(514470) (75) (Face Value Rs.10)
Winsome Textile Industries Limited produces and sells yarns and fabrics in India and interna-
tionally. It offers raw white, dyed, mélange, fancy, sparkling, organic, and blended yarns; and vari-
ous knitted fashion and knitted stepper fabrics. The company also owns and operates hydro power
plant. Stock is available at attractive valuation. Watch with a stop loss of Rs.72. On the upper side
stock could zoom up to Rs.79-82 levels in short term…
WOCKHARDT LTD (532300& NSE) (662.5)
(Face Value Rs.5)
After strong consolidation since last 5 months, stock has given strong upward break out on daily
chart which is bullish in its nature. Watch with a stop loss of Rs.635. On the upper side stock could
zoom up to Rs.705-725 levels in short term…
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.
Nayan Patel
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Financial Weekly

INVESTMENT
MARKET TREND NIKHIL BHATT

(+919979380808)
WWW.INVESTMENTPOINT.IN
PERIOD : 30-10-2017 to 3-11-2017
NIFTY FO RANGE @ 10101 TO 10570 POINT IN SHORT TERM…!!!
Dear Friends,
NIFTY FO CLOSED @ 10360 AS ON 27.10.2017..!!
NIFTY FO has resistance at 10404 - 10470 Level; above which other resistance levels are at
10505 - 10570 Level with highly Volatile Trend.
In Downside support levels are at 10303 - 10260 Level; below 10260 Level, other support levels
are at 10190 - 10101 Levels.
I am positive for next week above 10505 Level but be with the trend. Let the market decide
further moves. As we are saying from many days Buying is suggested in falls only...and it's still a
better strategy in the given Scenario...!!! Regarding long term positions, it is preferable to remain
cautious now...!!
If NIFTY crosses 10505 Level, again then the upper side target is quite high and it may touch
10570 Level in short term...!!!
GOLDEN STOCKS FOR THE PERIOD: 30.10.2017 TO 03.11.2017
1. Century Tex. (1356) : It is suggested to buy @ Rs 1344 with SL of Rs 1340 for the target of Rs
1371 - 1383; below Rs 1340 it can fall up to RS 1333 - 1327 levels. If it crosses Rs 1383 level than
expect nonstop rally up to Rs 1390....!!
2. Wipro (295) : Operator based Game start in this stock, BUY @ Rs 280 With SL of Rs 277 for
the target of Rs 309 - 321 level below Rs 277 it can show further downfall up to Rs 270…!!!
3. JSW Energy (86) : Buy delivery of this stock near @ Rs 77 with SL of Rs 70 for the target of
Rs 97 - 103 level. It is very good for medium term position also…!!!
4. Dabur India (322) : This stock is looking very good to buy @ Rs 309 with SL of Rs 300 for the
target of Rs 337 - 344 Levels below Rs 300 is stock shall witness free fall…!!!
5. State Bank (310) : Buy @ Rs 298 levels considering minor support of Rs 293 and stop loss of
Rs 290 for an upper target of Rs 323 - 330 levels. Below Rs 290 it can slip up to RS 287 - 283
levels…!!!
6. Hisar Metal (98) : Operator based buying has been there in this stock. Buy @ Rs 91 with SL
of Rs 88 for the 1target of Rs 107 - 111 levels it is very good for long term position also…!!!
7. Wipro (295) : Trading point of view BUY @ Rs 288 With SL of Rs 280 for the target of Rs 307
- 320 level below Rs 280 It can show further downfall up to Rs 277…..!!!
8. Simplex Projects (54) : Buy delivery of this stock near @ Rs 47 with SL Rs 44 for the target of
Rs 60 - 67 level. It's very good for long term position also…!!!
9. Scooters India (44) : For medium term buying is suggested @ Rs 44 with SL Rs 37 for the
target of Rs 50 - 57 level. Below Rs 37 it can show further downfall…!!!
10. M & M (1389) : It is suggested to SELL with SL Rs 1404 for the target of Rs 1373 - 1360
below @ Rs 1360 it can slip up to Rs 1353 - 1244 level. Above Rs 1414 level will take the stock to
Rs 1420 - 1427…!!!
Financial Weekly

INVESTMENT
Soham Finstock
Be careful in next week……
We recommended 7 star stocks in the diwali issue of Smart Investment.GVK Power(from 11 to 17),the
blockbuster of our 7 star stock outshined and left the investors elated. The readers of the Soham Finstock
informed us via mail and telephonic conversation that they celebrated the diwali in true sense with the
remarkable performance of GVK Power(11 to 17),Ashok Leyland(110 to 130),Edelweiss(270 to
290).Actually,the 7 star stocks had been recommended to hold till the next diwali,still,the stocks have
proved to incredibly profitable.We recommend to buy 7 star stocks at every decline for exponential gain
even today for good gain.The 7 star stocks will be reviewed at next diwali.
The following week beginning from 30/10/2017 embarks with scorpio ascendant.Lord of ascendant is in
11th house.Saturn is zero degree in dhan rashi.Due to which high volatility can be seen.Sun is weak in
Libra.In diwali edition,it was strictly informed,government and public to be on opposite sides.Such situation
can be noticed till 15th november 2017.Government may make favourable announcements for the industry
and despite public accepting it,it seems the outcome may not be conducive.Recall the unexpected rise in
PSU Bank on 25th Oct and 26th Oct.In future,only disciplined and systematic traders and investors will
survive in stock market.It seems the market may fall and be stable as per astro view.
SOHAM FINSTOCK MULTIBAGGER STOCK :- GVK Power recommended in the diwali issue out-
shined the market.We received enormous calls and mails from the readers expressing their joy and
happiness.An analysis of GVK Power,the basis on which it seems to be multibagger:Promoter Holding is
54.25% and Public holding is 45.75%.The 7 hotels of star category of GVK-4 in hyderabad and 1 in
mumbai.Company took the loan of approx 38000 crores loan and 14000 crore is to be paid.Looking to the
construction book of this company,it has the capacity to repay the pending amount in no time.T2 Terminal
of Mumbai Airport is of GVK.50% stack of Banglore airport was with GVK but as present it has 10%
stack.One of the companies of GVK,GVKBio in hyderabad is spread across 50 acres land.It has workforce
of 2000 people and an equal number of scientists.The 1600 km highway BOOT plan of this company is
earning enormously well.It is said that the valuation of this company is Rs.30,000 crores.We recommend
Soham Finstock readers to sell 50% stock from 18 to 20 and remaining shares free.The capacity of this
stock to give an phenomenal return will be reviewed next diwali.The company has received the contract of
Navi Mumbai Airport construction.The report of the same is present on the company's website.
Company Name Code No CMP SL Target

SHORT TERM INVESTMENT
EDELWEISS 532922/NSE 270 255 285/290/300
KRITI IND 526423 36 32 40/42/45
GSFC 500690/NSE 154 148 160/168/175
FOR MEDIUM TERM:(6 TO 12 MONTHS)
VEDANTA 500295/NSE 330 320 340/350/380/410
NILA INFRA 530377/NSE 18 15 22/25/27/30
Financial Weekly

INVESTMENT
Primary Market - Dilip K. Shah
Festive fever continues in Primary Market due to flood of IPOs

In mid-December FIIs will go back to their home state and budget may be in
January so one and half month will witness flurry of IPOs
In the first week of November four mainboard IPos and one SME IPO enter into the market
Mah. Logistics' IPO of Rs425 to 429 will open on October 31 and close on Nov. 2
The New India Assurance's IPO with price band of Rs 770 to 800 will open on Nov. 1 and close on Nov. 3
Khadim Ltd's IPO with price band of Rs275-290 will open on November 7 and close on November 9
SecUR Credential's NSE SME IPO with fixed price of Rs 205 will open on November 1
Reliance AMC's issue subscribed 81.54 times: Good response in QIB and HNI
Sheetal Foods Prodcuts IPO subscribed 31 times: Listing on October 30
Bullish trend in primary market started in October and is likely to continue till first week of December.
October witnessed issues of General Insurance, IEX, Mas Fin, Godrej Agrovet, and one more IPO of
Mahindra Logistics will hit the bourse on October 31. In the first week of November The New India Assur-
ance, Khadim India Ltd, HDFC Standard Life will enter into the market, while Shelby and Astron Paper
issues may hit the market in the second week.
From the second week of December, the stock market will be in vacation mood as the FIIs will return
home for Christmas celebration. Moreover, the union government is likely to present the budget in January.
Therefore, the primary market will be in passive mood.
Moreover, number of SME Issues are also going down as they will have to show the operational anf
financial figures of April to September.
* Last week's IPO listing:-
• General Insurance (540755) :- The issue with offer price of Rs712 got listed on October 25 with 7%
discount at Rs850 and went up to Rs895 and down to Rs780.25 before closing on Rs870.40. On October
Main - line IPO (Non SME)

Sr Company Issue Open Dt. Issue size Offer price Min. Rs. 1,00,00 Rs. 2,00,000 Listing Lead Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) App. Limit Limit Manager %
1. Mahindra 31-10-17 1,93,32,346 Eq. Shares 425 to 429 34 Shares 204 Shares 442 Shares BSE Axis Bank, 42 %
Logistics to (Rs. 829.36 Cr.) (Emp. Disc. (Rs. 14586) (Rs. 87516) (Rs. 189618) NSE Kotak Mah. Apply for
(Book Building) 2-11-17 Emp. Res. : 1,25,000 Eq. Rs. 42 Per Eq.) Mid. Term
2. The New 1-11-17 Fresh : 2,40,00,000 Eq. 770 to 800 18 Shares 126 Shares 252 Shares BSE Axis Bank, 40 %
India Ass. to OFS : 9,60,00,000 Eq. (F. V. Rs. 5) (Rs. 13860) (Rs. 97020) (Rs. 194040) NSE IDFC, Kotak,
Apply for
(Book Building) 3-11-17 Total : 12,00,00,000 (Rs. 30 Discount After Retail After Disc. After Disc. Nomura,
(Rs. 9,466.98 Cr.) to Retailers & Emp. Disc. Rs. 30) Yes Bank
Long Term
3. Khadim 2-11-17 Fresh Issue Rs. 50 Cr. 745 to 750 20 Shares 120 Shares 260 Shares BSE Axis Bank, 38 %
India Ltd. to OFS : 65,74,093 EQ. (Rs. 15000) (Rs. 90000) (Rs. 195000) NSE IDFC Bank Apply for
(Book Building) 6-11-17 (Rs. 543.06 Cr.) Mid-Long Term
4. HDFC 7-11-17 OFS : 29,98,27,818 275 to 290 50 Shares 300 Shares 650Shares BSE CLSA India, Next
Standard to Eq. Share (Rs. 14500) (Rs. 87000) (Rs. 188500) NSE Credit Suisse Week
Life 9-11-17 (Rs. 8695.01 Cr.) Edelweiss, Haitong
Insurance HDFC, IDFC, IIFL,
(Book Building) Morgan, Nomura
Cont....
Financial Weekly

INVESTMENT
Listing Information of Main Line IPOs (Non SME IPOs)

Co. Name BSE Code Listing Offer Listing Listing Listing Listing CMP
Date Price Price High Low DayClose 27-10-17
General Insurance 540755 25/10/17 912 850 895 780.25 870.4 837.45
Indian Energy Exchange 540750 23/10/17 1650 1500 1658 1500 1626 1563.00
Mas Financial Services 540749 18/10/17 459 660 680.95 625 654.75 668.00
Godrej Agrovet 540743 16/10/17 460 621 629.85 563.8 595.55 558.65
Listing Information of NSE SME IPOs
D P Abhushan NSE SME 23/10/17 28 33.6 33.6 32.65 33.6 33.80
Milton Industries NSE SME 16/10/17 34 40.8 40.8 32.2 34.35 32.45
Listing Information of BSE SME IPO
Kaarya Facilities 540756 27/10/17 40 43.8 48 36.1 48 48.00
27, it went down further to Rs837.45. Grey Market Premium

IPOs Offer Price Premium Kostak Price Likely to Subscribe
• IEX (540750) :- The issue with offer price of Name (Rs.) (Rs.) Min.Appl.(Rs.) in Retail Category
Rs1650 got listed on October 23 at price of Rel. Nippon 247 to 252 64 to 67 725 --
Mah. Log. 425 to 429 60 to 62 400 5 to 7 times
Rs1500, i.e. discount of 9% but went up to New India Ass.770 to 800 Seller -- Full & Firm All.
Khadim 745 to 750 -- 300 7 to 8 times
Rs1658 and down to Rs1500 before closing at
HDFC St. 275 to 290 15 to 17 700 --
Rs1626. The stock closed at Rs1563 on Friday. (High 900)
Do not subscribe for IPO by just seeing premium price as it may change anytime
• Mas Finance (540749) :- The issue with of- before listing : Subscribe only considering fundamental of the Companies
For latest grey market premium please check everyday
fer price of Rs459 got listed on October 18 at www.smartinvestment.in
price off Rs660, which shows premiums of

43.8%. It went up to Rs680.95 and down to
ICICI Lombard & New India Assurance Rs625 before closing at Rs654.75. On October
Two major players compare 27, the stock closed at Rs688.
Particulars ICICI Lombard New India Assurance
• Godren Agrovet (540743) :- The issue with
(Pvt Sector) (PSU)
IPO size (upper price band) Rs. 5700 crore Rs. 9600 crore
offer price of Rs460 got listed with premium at
Price Band Rs. 651 - Rs. 661 Rs. 770 - Rs. 800
Shares issued at Rs. 661.00 NA Rs621 and went up to Rs629.85 and down to
FV Rs. Per share Rs. 10 Rs. 5
Minimum application lot 22 shares 18 shares Rs563 before closing at Rs595.55. the stock
Issue dates 15.09.17 to 19.09.17 01.11.17 to 03.11.17
Discount offered NIL Rs. 30 per share to closed at Rs558.65 on Friday.
Retail/Employees
Issue allocations 50% QIBs, 15% HNIs, 50% QIBs, 15% HNIs, * SME IPO Listing:-
35% Retail 35% Retail
IPO constitute % (post issue) 19% 14.56% • Kaarya Facilities (BSE SME) (540756) :-
NAV at the time of IPO Rs. 82.57 per share Rs. 164.04
IPO priced at P/BV 7.6 2.4 The issue with fixed price of Rs40 got listed on
IPO priced at P/E 46 to 50 31 to 33
Market share of its business 8.40% 15% October 27 at premium of Rs3.80 at price of
Main Promoters ICICI Group Govt. of India
Listing at BSE/NSE BSE/NSE Rs43.80. It went up to Rs48 and down to
Post issue promoter holding 55.92% 85.44%
Market Cap (upper price band) Rs. 30006 crore Rs. 65920 crore Rs36.10 before closing at Rs48.
In operation since Since 2000 Since 1919
Net worth as on 31.03.17 Rs. 3328 crore Rs. 12596 crore • D.P.Abhushan (NSE SME) :- The issue
Net woth as on 30.06.17 Rs. 3919 crore Rs. 13123.5 crore
No. of policies as on 31.03.17 17.7 million 27.10 million with offer price of Rs28 got listed on October 23
Investment asset as on 30.06.17 Rs. 16446 crore Rs. 63122 crore
Investment Income for FY 2017 Rs. 315 crore Rs. 4535 crore at price of Rs33.60 and went up to Rs33.60 and
Investment Income for Q1 2018 Rs. 122 crore Rs. 1255 crore
Solvency Ratio down to Rs32.65 before closing at Rs33.40 on
(IRDAI Specific 150% : 30.06.17) 213% 227%
Cont....
Financial Weekly

INVESTMENT
NSE SME IPO

Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size %
1. SecUR 1-11-2017 14,67,000 Eq. 205 600 Shares 35 % Risky
Credentials 3-11-2017 (Rs. 30.07 Cr.) (Rs. 1,23,000)
Mahindra Logistics IPO Opens on 31st October &

listing day. It closed at Rs33.60 on Friday.
Closes on 2nd November, Price Band Rs.425 to 429
• Milton (NSE SME) :- The issue with offer
price of Rs34 got listed on October 16 at price of
Rs40.80 and went down to Rs32.20 before clos-
ing at Rs.34.35. On Friday, the stock closed at
Rs32.45.
* All eyes on listing of Sheetal Cool Products :- the issue Subscription Figures of
with fixed price of Rs80 opened on October 16 and closed on Reliance Nippon Life Asset
October 18. Rs24 crore issue got robust response from the in- No. Shares Issue Subscribed
Offered/ 25-10 26-10 27-10
vestors to get 31.38 times subscription. The issue will get listed Reserved 2017 2017 2017
on October 30 on BSE SME. It is believed that the issue will get QIB 1,22,40,000 6.13x 9.80x 118.4x
NII 91,80,000 11.38x 16.16x 209.4x
listed with a bang. Retail 2,14,20,000 0.90x 2.38x 5.65x
Total 4,28,40,000 4.64x 7.45x 81.54x
* Upcoming Mainboard and SME IPOs :- In the coming week
four mainboard issues: Mahindra Logistics, The New India As-
Mahindra Logistics surance, Khadim, HDFC Life will enter into the market, while SecUR Creden-
Retailers may apply
Shares Amt. Shares Amt. tials' NSE SME issue will also enter into the market.
34 14,586 238 1,02,102
68 29,172 272 1,16,688 • Mahindra Logistics :- The company's issue with price band of Rs425-
102 43,758 306 1,31,274
136 58,344 340 1,45,860
374 1,60,446 429 to raise Rs829.36 crore will open on October 31 and close on November
170 72,930 408 1,75,032
204 87,516 442 1,89,618 2. More details of the issue is given in the separate box.
The New India Assurance Allotment/Refund :- The allotment may take place on November 8, refund
Retailers may apply
(Rs. 30 Discount) through ASBA on November 9 and share will be deposited on November 9.
(Offer Price Rs. 800-30 = 770)
Shares Amt. Shares Amt. Listing may take place on November 10. The issue may get listed around
18 13,860 144 1,10,880
36 27,720 162 1,24,740 Rs470-480 and may cross Rs500 level.
54 41,580 180 1,38,600
72 55,440 198 1,52,460 • The New India Assurance (NIA) :- The market leader in insurance seg-
90 69,300 216 1,66,320
108 83,160 234 1,80,180 ment has huge multichannel distribution network along with strong IT infra-
126 97,020 252 1,94,040
structure. The previous issues from the sector have disappointed the inves-
Khadim India Ltd.
Retailers may apply tors so they are in dilemma. However, the NIA issue is much better compared
Shares Amt. Shares Amt.
20 15,000 140 1,05,000 to ICICI Lombard as P./BV and P/E in ICICI Lombard were 7.6 and 50, which
40 30,000 160 1,20,000
60 45,000 180 1,35,000 are 2.4 and 33 in NIA respectively. More details are given in the separate box.
80 60,000 200 1,50,000
100 75,000 220 1,65,000 NIA Refund/Allotment :- Allotment may take place on November 8, fund
120 90,000 240 1,80,000
260 1,95,000 will be unblocked on November 9, share may be deposited in account on
Cont....
Financial Weekly

INVESTMENT
November 10 and listing may be on Novem- Tentative Timetable for Current IPO’s
Tentative Reliance Mahindra New India Khadim
ber 13. It may given not give premium on list- Nippon Logistics Assurance India
Issue Closes 27-10-17 2-11-17 3-11-17 6-11-17
ing but it is good option for investment in long Finalisation of Basis of Allotment 1-11-17 8-11-17 8-11-17 10-11-17
Refund / Unblocking of Fund from ASBA 3-11-17 9-11-17 9-11-17 13-11-17
term. Credit of Eq. Shares to Demat A/c. 3-11-17 9-11-17 10-11-17 13-11-17
Listing on BSE / NSE 6-11-17 10-11-17 13-11-17 14-11-17
• Khadim India :- Rs543.60 crore issue with
price band of Rs745-750 will open on November 2 and close on November 6. It is the second largest
footwear company in India. Its valuations are higher compared to BATA. More details are given in separate
box.
Allotment may be on November 10, refund on November 13 and share deposit on November 13. The
issue may get listed on November 14 With Premium
• HDFC Standard Life Insurance :- Rs8695 crore issue with price band of Rs275-292 will open on
November 7 and close on November 9. The minimum application will be for 50 shares worth Rs14500.
More details will be given next week.
• Reliance AMC :- It has beat the market expectations to get overall 81.54 times subscription with
118.40 times in QIB, 209.44 times in HNI and 5.6 times in Retail segment. Allotment will be on November 1,
unblocking of funds on November 3 and shares will be deposited on November 3. Listing on November 6
will be around Rs300-325. Out of 9 applicants two may get 59 shares.
* SME IPOs :- This week only SME issue in the market is that of SecUR. The issue with fixed price of
Rs205 will open on November 1 and close on November 3. More details are given in the separate box. Only
high risk taking investors should consider the issue.
• SREI Equipment Finance : It has got nod for Rs2000 crore issue from the board of SREI Equipment
Finance (SEFL).
GREY MARKET MOVEMENT

Reliance AMC and Mahidnra Logistics premiums crumble
Khadim india witnesses average deals in Application form segment
Investors in tizzy whether NIA will repeat GIC and ICICI Lombard case
HDFC Life witnesses premiums: fancy may increase due to huge deals in interest rates
Grey market has remained volatile during the week.
Reliance Nippon :- The premiums were at Rs90 but it has come down to 64-65. Interest rates have come down
from 900 to 725.
Mahindra Logistics :- The premiums have come down from Rs110-115 to 60-65. Interest rates have come down
from 450/475 to 400.
New India Assurance :- The deals have not taken off in the issue with offer price of Rs770-800 as the investors
are keeping distance from it due to bad experience in GIC and ICICI Lombard.
Khadim India :- The premiums have not started but interest rates on the minimum application has been at Rs300.
No deals are taking place.
HDFC Life :- The issue premiums were at 15-16 which went up to 18-20. The interest on application form were
Rs750. Though no big deals are taking place, fancy may increase in the issue.
***
Financial Weekly

INVESTMENT
Mahindra Logistics (Main Line) IPO

Opens on 31st Oct. & Closes on 2nd Nov. 2017
Price Band Rs. 425 to 429 ; Listing on BSE - NSE
Considering strong fundamentals & GST Benefit,
Investors may apply for medium term
Mahindra Logistics Ltd. (MLL) - a Mahindra group company is one of India's largest 3PL solutions
providers in the Indian logistics industry which was estimated at Rs. 6.40 trillion in fiscal 2017 according to
CRISIL report. MLL's competitive advantage is its "asset-light" business model pursuant to which assets
necessary for operations such as vehicles and warehouses are owned or provided by a large network of
business partners. Company operates in two distinct business segments, supply chain management ("SCM")
and corporate people transport solutions ("PTS").
Under SCM business it offers customized and end-to-end logistics solutions and services including
transportation and distribution, warehousing, in-factory logistics and value added services to clients through
a pan-India network comprising 24 city offices and over 350 client and operating locations as at August 31,
2017. It has a large network of over 1,000 business partners providing vehicles, warehouses and other
assets and services for SCM business. As at August 31, 2017, it operated in-factory stores and line-feed at
over 35 manufacturing locations. Such model of its operations enables company to serve over 200 domes-
tic and multinational companies operating in several industry verticals in India, including automotive, engi-
neering, consumer goods, pharmaceuticals, e-commerce and bulk.
For providing exit route to P/Es and listing gains, MLL is coming out with a maiden IPO of 19332346
equity shares of Rs. 10 each via book building route with a price band of Rs. 425 - Rs. 429 to mobilize Rs.
821.62 to Rs. 829.36 core (based on lower and upper price bands. This being secondary offers (i.e. Offer
for Sale), no money is coming to company and post issue paid up equity capital remains same at Rs. 71.14
crore. Issue opens for subscription on 31.10.17 and will close on 02.11.17. Minimum application is to be
made for 34 shares and in multiples thereon, thereafter. Post allotment, shares will be listed on BSE and
NSE. MLL has reserved 125000 equity shares for eligible employees and is offering a discount of Rs. 42
per share to them. BRLMs to this offer are Kotak Mahindra Capital Co. Ltd., Axis Capital Ltd. and registrar
to the issue is Link Intime India Pvt. Ltd. Having issued initial equity at par between Sept. 2007 and March
2011, it raised further equity in the price range of Rs. 13.90 to Rs. 122.29 per share from February 2014 to
August 2017. The average cost of acquisition of Equity Shares by Promoter is Rs. 10 per equity share and
by Investor Selling Shareholders is Rs. 122.29 per equity share. Issue constitutes 27.17% of post issue
paid up equity capital of the company. Mahindra & Mahindra Group Company Mahindra Logistics Ltd.'s
IPO will be the first public offering from the USD 19 bn Group after a decade.
Financial Performance :- On performance front, MLL has (on a consolidated basis) reported revenue/
net profits of Rs. 1939.56 cr. / Rs. 38.52 cr. (FY15), Rs. 2077.13 cr. / Rs. 35.97 cr. (FY16), Rs. 2676.25 cr.
/ Rs. 46.07 cr. (FY17). For Q1 of current fiscal it has posted net profit of Rs. 15.13 crore on total revenue of
Rs. 854.46 crore. Thus it has shown constant surge in top and bottom lines. It has reported average EPS
of Rs. 6.18 and average RoNW of 13.07% for last three fiscals on an equity base of Rs. 68 crore. It has no
listed peers to compare with. It we annualize latest earnings and attribute on fully diluted post issue equity
then asking price is at a P/E of around 29.6 and at P/BV of 4.8 plus. However since this company is having
an asset light model of operation and has provided onetime expenses for multi years, on restated basis its
net profit has been at Rs. 40.17 cr., Rs. 39.93 cr. and Rs. 60.04 cr. for FY 15, FY16 and FY17. For first
quarter of current fiscal too its net profit stands at Rs. 17.63 crore. Restated profits results in restated
adjusted RoE as shown in 4th Para last two lines here above. If we annualize these and attribute to post
issue equity, then asking price is at a P/E of 25.4 plus. From fiscal 15 to fiscal 17 its non-Mahindra group
clients grew at a CAGR of 64.45% and adjusted PAT grew at a CAGR of 22.26%.
BRLM's Performance :- On BRLM's front, the two merchant bankers associated with the offer have
handled 42 public issues in the past three financial years out of which 11 issues closed below the issue
price on listing date.
Recommendation : After a decade Mahindra group is entering in to the market. With asset light -
business model. Looking to the strong fundamentals & GST benefit one can apply for medium term.
Financial Weekly

INVESTMENT
New India Assurance (Main Line) IPO

Opens on Nov. 1 and Closes on Nov. 3, 2017
Price band Rs. 770 to 800 (F. V. Rs. 5) Listing on BSE - NSE
Considering strong fundamentals,
Retail investors may apply for long term
Incorporated in 1919. The New India Assurance Co. Ltd. (NIA) is the largest general insurance com-
pany in India in terms of net worth, domestic gross direct premium, profit after tax and number of branches
as of and for the fiscal year ended March 31, 2017 Company has been in operation for almost a century.
In Fiscal 2017, it had the largest market share of gross direct premium among general insurers in India As
of March 31, 2017, NIA had issued 27.10 million policies across all product segments, the highest among
all general insurance companies in India. As of June 30, 2017, its operations were spread across 29
States and seven Union Territories in India and across 28 other countries globally through a number of
international branches, agency offices and Subsidiaries including a desk at Lloyd's, London.
NIA's insurance products can be broadly categorized into the following product verticals: fire insur-
ance; marine insurance, motor insurance, crop insurance, health insurance and other insurance prod-
ucts.
To part finance its future capital requirements and listing purpose, NIA is coming out with a maiden IPO
of 120000000 equity shares of Rs. 5 each via book building route with a price band of Rs. 770-800 per
share to mobilize Rs. 9240 - Rs. 9600 crore based on lower and upper price bands. Issue opens for
subscription on 01.11.17 and will close on 03.11.17. Minimum application is to be made for 18 shares and
in multiples thereon, thereafter. Issue consists of fresh equity issue of 24000000 shares and offer for sale
of 96000000 shares. Post allotment, shares will be listed on BSE and NSE. NIA has reserved 3600000
equity shares for eligible employees. It is offering a discount of Rs. 30 per share to retail investors and
employees. Issue constitutes 14.56% of the post issue paid up capital of the company. BRLMs to this
issue are Kotak Mahindra Capital Co. Ltd., Axis Capital Ltd., IDFC Bank Ltd., Nomura Financial Advisory
and Securities (India) Pvt. Ltd., Yes Securities (India) Ltd. Link Intime India Pvt. Ltd. is the registrar to the
issue. Having issued initial equity at par, it issued bonus shares in the ratio of 1 for 1 in March 1976, 1 for
2.33 shares in May 1979, 2.045 shares for every 3 shares in December 1982, 4 for 10 in October 1986,
2.72 for 5 in November 1990, 3 for 2 in 2000, 1 for 2 in 2004, 1 for 3 in 2005 and 1 for 1 in August 2017.
Post issue, its current paid up equity capital of Rs. 400 crore will stand enhanced to Rs. 412 crore.
Financial Performance :- On performance front, NIA has posted net profits of Rs. 1377.32 crore, Rs.
930.35 crore, Rs. 839.86 crore for Fiscal 2015, 2016 and 2017. It suffered decline in bottom lines due to
higher out go on account of wage revisions and claims in health and motor segments. For Q1 of current
fiscal, it has posted net profit of Rs. 513.35 with better product mix and revision in health and motor
premiums. If we annualize latest earnings and attribute on fully diluted post issue equity then asking price
is at a P/E of 32 plus. Issue is priced at a P/BV of 2.4. Thus issue appears justifiably priced against listed
private sector peer ICICI Lombard which is quoting at a P/E of 47 plus. For last three fiscals, it has posted
an average EPS of Rs. 12.32 and RoNW of 8.07 on an equity base of Rs. 200 crore. Although NIA has
strong fundamentals compared to its peer, considering the fate of recently listed insurance sector IPOs,
investors may shy away from this offer.
BRLM's Performance :- On BRLM's front, 5 merchant bankers associated with the offer have handled
48 public offers in the past three years, out of which 12 offers closed below the offer price on listing date.
Recommendation : This IPO is justifiably priced against ICICI Lombard & has strong fundamentals
compared to its peer, Retail Investors may apply for Long Term.
Financial Weekly

INVESTMENT
Khadim India (Main Line) IPO

Opens on 2nd November & Closes on 6th November, 2017
Price Band Rs. 745 to 750 ; Listing on BSE - NSE
IPO is fully priced, one can apply for Medium to Long term
Khadim India Ltd. (KIL) is one of the leading footwear brands in India, with a two-pronged focus on
retail and distribution of footwear. It is the second largest footwear retailer in India in terms of number of
exclusive retail stores operating under the 'Khadim's' brand, with the largest presence in East India and
one of the top three players in South India, in fiscal 2016. KIL also had the largest footwear retail franchi-
see network in India in fiscal 2016. Company is selling its products under flagship brand "Khadim's" and
nine home grown sub-brands. KIL provides affordable fashion across various price points for the entire
family, supported by strong design capabilities that have helped company create and grow sub-brands
leading to premiumisation.
As at June 30, 2017 and March 31, 2017, respectively, it had a wide network of 853 and 829 'Khadim's
branded exclusive retail stores, which constitute its channels of sale, of which 168 and 162 are company
owned and operated outlets ("COO"), and 685 and 667 are franchisee operated stores.
To part finance its pre/repayment plans of term loans and general corpus fund needs, KIL is coming
out with a maiden IPO of 6574093 equity shares by offer for sale and fresh equity issue worth Rs. 50
crore. Issue is made via book building route with a price band of Rs. 745-750 per share to mobilize Rs.
539.77 crore to Rs. 543.06 crore (based on lower and upper price bands). In all it is likely to issue approx.
7240760 equity share of Rs. 10 each that constitutes 40% of post issue paid up equity capital. Issue
opens for subscription on 02.11.17 and will close on 06.11.17. Minimum application is to be made for 20
shares and in multiples thereon, thereafter. Post allotment, shares will be listed on BSE and NSE. BRLMs
to this issue are Axis Capital Ltd., and IDFC Bank Ltd. Link Intime India Pvt. Ltd. is the registrar to the
issue. Having issued initial equity at par between 1981 and 2006, it raised further equity in the price range
of Rs. 50 to Rs. 150.03 per share. It has also issued bonus shares in the ratio of 30 for 1 in May 2000, 3
for 1 in October 2013. Post issue its current paid up equity capital of Rs. 17.30 crore will stand enhanced
to Rs. 24.00 crore.
Financial Performance :- On performance front, KIL has posted turnover/net profits of Rs. 483.05 cr.
/ Rs. 12.15 cr. (FY14), Rs. 465.70 cr. /Rs. -(18.66) cr. (FY15), Rs. 538.83 cr. / Rs. 25.24 cr. (FY16) and
Rs. 625.55 cr. / Rs. 30.76 cr. (FY17). It suffered a severe setback for FY 15 on account of change in
marketing mode with higher discounts. It has reported net profit of Rs. 7.11 crore on a turnover of Rs.
179.76 crore for Q1 of current fiscal. It has posted an average EPS of Rs. 11.96 and average RoNW of
11.35% for last three fiscals. Issue is priced at a P/BV 5.73 on the basis of post issue NAV. If we annual-
ize latest earnings and attribute it on fully diluted equity post issue, then asking price is at a P/E of around
63.29 against industry average P/E of 59. Thus issue appears fully priced. The average cost of acquisi-
tion of Equity Shares of the promoter selling shareholder and Investor selling shareholder in the offer is
Rs. 6.55 and Rs. 153.79 respectively. Company has bright prospects ahead as India's footwear busi-
ness is expected to grow at a CAGR of 15% by 2020 as population and income growth will continue. With
GST implementation, organized footwear segment is expected to grow with faster speed. KIL is address-
ing around 85% of the total market potential in mid, economy and mass segments.
BRLM's Performance :- On BRLM's front, two merchant bankers associated with the offer have
handled 31 public issues in the past three fiscals out of which 8 public issues closed below the issue price
on listing date.
Recommendation : - Its offer is fully priced compared to BATA but reasonable compares well with
Relaxo and liberty so moderate investment may be considered for Medium to long term.
Financial Weekly

INVESTMENT
SecUR Credentials IPO

Opens on Nov. 1 & Closes on Nov. 3, 2017
Offer price fixed at Rs. 205; Listing on NSE SME Emerge
It's Risky IPO, Investors may consider for long term investments
SecUR Credentials Ltd. (SCL) is engaged in the business of Background Screening (also
known as BGC - Back Ground - check) and Due Diligence. SCL is the end-to-end screening
services provider to various corporate in the country. It is a member of the prestigious US
based National Association of Professional Back Ground Screeners (NAPBS).
To part finance its working capital needs, expansion of business activities, purchase of
Symphony 3.0 software along with data base, marketing and brand building and general
corpus fund needs, SCL is coming out with a maiden IPO of 1467000 equity shares of Rs.
10 each at a fixed price of Rs. 205 per share to mobilize Rs. 30.07 crore. Issue opens for
subscription on 01.11.17 and will close on 03.11.17. Minimum application is to be made for
600 shares and in multiples thereon, thereafter. Post allotment shares will be listed on NSE
SME Emerge. Issue is solely lead managed by Inventure Merchant Banker Services Pvt.
Ltd. and Skyline Financial Services Pvt. Ltd. is the registrar to the issue. Having issued
initial equity at par, it raised further equity at a price of Rs. 47 per share on 05.08.2017. It
has also issued bonus shares in the ratio of 99 for 1 on 25.04.2017, 1.0214 against every 1
share on 14.07.2017 and 0.474 shares for every 1 share held on 09.08.2017. Post issue its
current paid up equity capital of Rs. 3.42 crore will stand enhanced to Rs. 4.89 crore. Issue
constitutes 30.01% of the post issue paid up capital of the company. Cost of acquisition of
shares by promoters is Rs. 0.94 per share.
Financial Performance :- On performance front, SCL has posted turnover/net profits of
Rs. 4.41 cr. / Rs. 0.02 cr. (FY16), Rs. 10.16 cr. / Rs. 1.81 cr. (FY17). It has no operation for
FY 15 and had just minuscule other income with working resulting in net loss of around Rs.
- (0.09) cr. For Q1 of current fiscal it has reported net profit of Rs. 1.25 crore on a turnover
of Rs. 5.90 crore. It has posted an average EPS of Rs. 4.12 and RoNW of 50.21% for last
three fiscals on an equity base of Rs. 0.01 crore. Based on post issue NAV of Rs. 71 issue
is priced at a P/BV of 2.88. If we annualize latest working and attribute it to fully diluted
equity post issue, then asking price is at a P/E of 20 plus. It has no listed peers to compare
with. Jump in bottom line for Q1 is most surprising.
BRLM's Performance : - On merchant banker's front, this is 3rd mandate from its stable
in last three fiscals. Previous 2 IPOs gave positive returns ranging from 2.2 to 20% in
opening on the day of listing. However, they both closed on the same day with negligible
gains.
Recommendation : Sudden increase in Equity during April - August 2017 & Jump in Q1
Profit is surprising. Turnover and profit ratios are dramatic. It has no operation in FY 15. It's
a risky IPO. One can apply for long term.
Financial Weekly

INVESTMENT
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Financial Weekly

INVESTMENT
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Asian Paints’ profit up 20 per cent, with strong margins
UltraTech Cement : CLSA upgrades rating
‘Dhan’Teras for Hero MotoCorp : Record sales in a single day
HUL (Rs. 1257.00) (Code : 500696) (F. V. : 1) :- : The country’s largest consumer
goods maker by volume and profits Hindustan Unilever Ltd (HUL) has posted a better than ex-
pected earnings of 16 per cent profit growth at Rs.1276 crore in the quarter ending September 30,
2017, on the back of price cuts, new launches and higher consumer demand.The company's total
sales grew by 10 per cent at Rs.8,199 crore during the quarter, which also witnessed the country's
biggest tax reforms in form of Goods and Services Tax (GST). While HUL said its savings
programmes helped lower costs, it is likely that net benefits of GST also contributed to better mar-
gins. That’s why, even after a sharp increase in advertising and sales promotion (A&P) spending
by 20% over a year ago, its Ebitda margin rose by 180 basis points on a comparable basis. In
absolute terms, Ebitda rose by 19.7% over a year ago, while profit before tax and exceptional items
rose by 13.3%. The stock is trading at PE of 54. Jump in its profitability could support a further
improvement in valuations. Buy in phased manner.
Tata Sponge (Rs. 936.00) (Code : 513010) (F. V. : 10.00) :- Tata Sponge is one
of the best bet for investment at this moment for a couple of reasons. There has been an interesting
development in the recent time. The sponge iron prices from May low have gone up by about 65%
and in the last three months alone, they have gone up by 30% and the company has come out with
good results for June. Going forward, even in September and December quarters, the results are
going to be phenomenal for Tata Sponge. Second, it is sitting on cash which is around 41% of the
market cap. Third, it has got permission to expand one of their facilities from 3.9 lakh tonne to 4.25
lakh tonne and then it has got captive demand and reduces the production cost and it has a history
of 23 years of dividend payment The stock is trading at around Rs.820 level. Buy.
Asian Paints (Rs. 1187.00) (Code : 500820) (F. V. : 1.00) :- Asian Paints'
second quarter profit grew by 20 percent year-on-year to Rs 593.66 crore, including discontinued
operations. Consolidated revenue during the quarter grew by 2.3 percent to Rs Rs 4,274.2 crore
but revenue (excluding excise duty) jumped 13.7 percent compared with Rs 3,757.66 crore in
same quarter last fiscal.Consolidated EBITDA (earnings before interest, tax, depreciation and
amortisation) increased 13.6 percent year-on-year to Rs 801 crore but margin contracted by 20
basis points to 18.8 percent in quarter ended September 2017.The company’s standalone profit
during the quarter rose by 8.8 percent year-on-year to Rs 473.45 crore and revenue from opera-
tions increased 14.6 percent to Rs 3,602.2 crore.The company has raised prices by about 6 per
cent since January, but the increase doesn't seem to have dented demand. It shows strength of
brand. Accumulate.
Ultratech Cement (Rs. 4435.00) (Code : 532538) (F. V. : 10.00) :- UltraTech
Cement has reported strong quarterly results. Its revenues increased 6 per cent at Rs 6571 crore.
It reported net profit at Rs 431.24 crore.Despite one-time cost due to consolidation of Jaypee and
Financial Weekly

INVESTMENT
increase in operating cost, the company was able to keep EBITDA/tonne over Rs 1,000/tonne
(above I-direct estimate of Rs 874/tonne) The board has approved an investment of Rs 194 crore
for putting up 0.4 MT of wall care putty capacity. The plant is expected to be commissioned during
Q2FY20.The government’s focus on low cost housing and roads is expected to drive cement de-
mand in the coming years. In addition, revival in the rural economy (accounts for 40% of total sales)
augurs well for UltraTech (a pan India player).Meanwhile, global brokerage firm CLSA has up-
graded the company's rating to 'buy' from 'outperform' with Rs 4900 as target price following strong
Q2 results. Promoters held 62.13 per cent stake in the company as of September 2017. Buy.
Hero Moto Corp. (Rs. 3797.00) (Code : 500182) (F. V. : 2.00) :- The country’s
largest two-wheeler maker Hero MotoCorp has recorded highest ever single-day sales of over
three lakh vehicles on October 17, the day of Dhanteras. The company had registered the highest-
ever numbers in monthly sales, of seven lakh vehicles in September. Hero MotoCorp registered
despatching 7,20,739 units in September.This record number has been achieved on a huge base
of the corresponding month in the previous year (September 2016), when it had sold 6,74,961
units. The company also recently surpassed record 75 million two-wheelers in cumulative sales
since its inception. Hero has made perfect balance between rural and urban sales at almost 50:50.
As the monsoon has been better than expected, demand will increase from rural segment. The
stock is worth accumulation.
(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
27th October 2017 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

INVESTMENT
Dalal Street Whispers - Dilip K. Shah
Engineers India (Rs. 180.00) (Code: 532178) :- From Rs. 5,000 crores a year ago, the company's
order book has swelled to Rs. 8,800 crores. The order book stands at six times the 2017 earnings.
The stock will remain in focus on the back of a large order book and quick execution.
Mphasis (Rs. 703.00) (Code: 526299) :- The company has reported 4.5 % increase in quarterly
income and 6% rise in net profit. The stock is trading at a 7-year high due to its strong performance.
Madras Fertilizer (Rs. 27.00) (Code: 590134) :- Shares of this chemical fertilizers are in the
limelight. Market reports suggest that there is aggressive buying in the stock by some big market
players.
I.B. Housing Finance (Rs. 1,264.00) (Code: 535789) :- The company has reported 27% rise in
net profit for the September 2017 quarter. Its loan book has also grown. The company is benefiting
in a big way from the Smart City and Housing for All campaigns.
KEC International (Rs. 297.00) (Code: 532714) :- An RPG Group company, KEC International
has recently bagged Rs. 1,931-crore orders. It has won new orders of Rs. 1,756 crores for its trans-
mission and distribution business from India, Middle East, and Africa. Its cable business has also
received a Rs. 112 crore order. There has been good growth in the company's performance.
Polaris (Rs. 285.00) (Code: 532254) :- The company's board will meet on October 31 to decide
on delisting of its equity shares. The stock has been hitting the 20% upper circuits.
Reliance (Rs. 929.00) (Code: 500325) :- The Reliance stock has been buzzing from some time
and is one of the best performers among the Sensex heavyweights. Its market cap touched a high
of Rs. 5.99 lakh crore as a result. The company had issued bonus shares in the ratio of 1:1 recently,
but the share price is back at the pre-bonus levels.
Selan Exp. (Rs. 218.00) (Code: 530075) :- The trading volumes have shot up due to continu-
ous buying. The share has surged by 23 times, and a further 15-20% increase in the coming days
would not be a surprise.
Ashok Leyland (Rs. 128.00) (Code: 500477) :- The shares of this automobile major have risen
81% from their 52-week low. The shares touched a new high of Rs. 133 recently.
PNB (Rs. 196.00) (Code: 532461) :- The central government's booster dose in the form of bank
recapitalisation has added current to PSU bank stocks. PNB shares have surged by 63% in just
three trading sessions to rise to 6-year highs.
SCI (Rs. 95.00) (Code: 523598) :- Shipping Corporation of India is seen as the biggest benefi-
ciary of the ambitious Bharatmala Project. The project will lead to development in coastal areas.
Nandan Denim (Rs. 168.00) (Code: 532641) :- This Ahmedabad-based textile company is
seeing aggressive buying by some large market players. Moreover, the promoters too have bought
a large number of shares to increase their stake.
RCF (Rs. 89.00) (Code: 524230) :- Reports suggest that the central government is planning to
merge two smaller fertilizer companies with RCF. Such a move will have a positive impact on the
RCF shares.
ITI (Rs. 155.00) (Code: 523610) :- The company has emerged as the lowest bidder in a large
tender recently. Interestingly, Larsen & Toubro was also in the race for the tender, but did not bag
it due to a high bid.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
Financial Weekly

INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
stockmarket@ganeshaspeaks.com
Sensex Predictions : Dt. 30th October to 3rd November

" Please consider 10 minutes plus and minus in each prediction, and act accordingly. " Ganesha
advises you to compare every prediction with the prediction of the previous time slot.
30-10-2017 Monday :- " Lord Saturn has now changed signs. Hence Sagittarius natives
should now remain cautious. " Today, from the opening to 9.45 Nifty will be less interesting. Thus,
don't take any position, as it may go down. " From 9.45 to 14.00 do jobbing on the up side at Nifty.
" Between 14.00 to 15.30 Nifty will go down.
31-10-2017 Tuesday :- " Do delivery based work today, says Ganesha. " In India's horo-
scope, Rahu is degreecally transiting over the natal Sun. Hence, a major political event is likely to
occur. " At around 9.4o buy Nifty and exit immediately on making a profit. " After 12.oo Nifty will go
down step by step. Thus, accordingly take your position.
01-11-2017 Wednesday :- " From 9.15 to 12.00 Nifty will move on both the sides. Hence,
this period is best for Intraday. " 12.00 to 13.55 Nifty will remain on the up side. " 13.55 to 15.15
selling pressure is indicated, and Nifty will remain steady only for 15 minutes.
02-11-2017 Thursday :- " Mercury has now changed signs and entered Scorpio sign.
Hence, you should remain alert in Bank Nifty during the coming months, as Mercury will be posited
in sign ruled by Mars. " Today, from 9.15 to 1o.00 will be a high risk - high gain period at Nifty,
which may be on the down side. " Between 1o.?? to 14.14 Nifty will be boring and pass time in a
fixed range. " From 14.14 to 15.3o Nifty will remain in the negative zone.
03-11-2017 Friday :- " Venus has now changed signs and entered its own swagruhi
sign. Hence, movement in Media stocks will now increase. " From opening to 10.45 is best time for
F&O at Nifty. But, do it only if you know how to deal, as Nifty will first go down and then go up. "
Between 10.45 to 13.45 buying in A group stocks will positively influence Nifty cash. " From 13.45
to 15.3o selling in A group stocks will negatively influence Nifty cash.
Financial Weekly

INVESTMENT
News Track
SIDBI unveils new logo
As a part of its digital Initiatives SIDBI had positioned www.udyamimitra.in as an universal loan
portal easing access to credit and handholding services for MSMEs, whereas, www.standupmitra.in,
a portal designed and managed by SIDBI was dedicated to the nation by Hon'ble Prime Minister,
Shri Narendra Modi, along with Stand Up India scheme on April 05, 2016. Presently, these portals
have the complement of over 1.25 lakh bank branches connected and any MSME anywhere can
apply digitally for MUDRA as well as other MSME loans upto?2 crore (standardised application
acceptable across). The aspirants can also seek handholding support on the portal from over 17000
agencies. The portal brings transparency and competition among lenders and removes the need
to approach several banks individually. In the market place, any bank, other than those requested,
can also pick up the application for sanction thus bringing in best option to MSMEs. During the
press meet on Udyamimitra portal and TreDs on October 26, 2017, Shri Mohammad Mustafa, IAS,
Chairman and Managing Director, SIDBI also unveiled the new Corporate logo of SIDBI.
Financial Weekly

INVESTMENT
News Track
European Securities and Markets Authority recognizes

Metropolitan Clearing Corporation of India Limited as third
country Central counter party (CCP)
MCCIL, a subsidiary of Metropolitan Stock Exchange of India Limited (MSE), a qualified Central
Counter Party (QCCP) and clearing corporation recognised by SEBI, today announced it won a
key recognition from ESMA that will allow it to provide central counter party services to market
participants of European origin. ESMA, after convincing itself that MCCIL's application met with all
conditions for recognition as a CCP under EMIR, formally recognised it as a "third-country CCP"
under European Market Infrastructure Regulation (EMIR) effective September 27, 2017. ESMA is
an independent European Union Authority safeguarding the stability of European Union's finan-
cial system. A CCP established in a third country (non-EU) may provide clearing services to mem-
bers/trading venues established in the EU only after ESMA recognition. Commenting on the rec-
ognition, Udai Kumar, MD & CEO, MSE, said, "We are extremely delighted by this recognition
which places us at par with the other 2 older market players and paves way for us to deliver central
counterparty services to market participants of European Origin. Also, this combined with the QCCP
status of MCCIL means lower risk capital provisioning for market participants of European Origin.
Balu Nair, MD, MCCIL added, "MCCIL is the only Clearing Corporation in India which has reported
no delays or defaults in settlement since inception. MCCIL's robust IT infrastructure which allows
optimal adherence to risk management practices & transparency, was a key driver for this recogni-
tion".
Pressman Advt in CIO Review's list of 20 most

promising Google Technology Solution Providers
Pressman Advertising Ltd. has been named among the 20 most promising Google Tech-
nology Solution Providers by CIO Review India in its recently announced 2017 listings.CIO
Review India analysed scores of Google Solution Providers and selected the companies that
are at the forefront addressing important industry challenges. The final 20 Google Technol-
ogy Solution Providers were selected after a close scrutiny by a distinct panel of judges
including CEOs, CIOs, CXOs, analysts and the CIO Review editorial board. CIO Review
presented this list adding, "We believe that these companies possess an in-depth under-
standing of Google's technologies, extensive business process knowledge and the required
technical skill sets to add value to every enterprise."
Financial Weekly

INVESTMENT
REVIEW OF “SMART PLUS NEWS LETTER”

Amazing 30% RETURN SMART GAIN
FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
16-10-17 High (%) 16-10-17 High (%)
Apar Ind. 764 792 3.66 Hindalco 266 278 4.51
Birla Corp. 1007 1043 3.57 BASF India 1703 1747 2.58
Tata Steel 710 732 3.1 Reliance Ind. 878 947 7.86
Page Ind. 18710 20672 10.49 Karnataka Bank 163 166 1.84
BATA (I) 788 807 2.41 FDC 183 188 2.73
Avanti Feed 2493 2800 12.31 RBL Bank 517 552 6.77
WPIL 533 605 13.51 Wockhardt 630 650 3.17
Cochin Shipyard 572 585 2.27 Salzer Ele. 189 196 3.7
Asian Paints 1171 1233 5.29 Minda Corporation 140 153 9.29
Voltamp Trans. 1183 1199 1.35 Nirlon 233 246 5.58
U-Flex 467 480 2.78 Bodal Chemical 174 176 1.15
Just Dial 411 421 2.43 Rama Phosphates 106 138 30.19
Timken India 767 785 2.35 Prabhat Dairy 149 153 2.68
Mahanagar 1168 1240 6.16 Anuh Pharma 183 188 2.73
Sarega,a 568 651 14.61 Goa Carbon 664 845 27.26
Edelweiss 289 296 2.42 Orient Cement 157 164 4.46
Century Ply 268 282 5.22 Meghmani Organics 94 105 11.7
Exide Ind. 205 211 2.93 J & K Bank 73 87 19.18
Bajaj Ele. 392 416 6.12 Zee Learn 46 47 2.17
Havells India 540 564 4.44 C. G. Power 78 84 7.69
Jindal Poly 387 426 10.08 Kellton Techno 95 103 8.42
Oriental Carbon 1376 1410 2.47 Bhagyanagar 33 39 18.18
Granules India 136 146 7.35 REC 155 168 8.39
NBCC 242 271 11.98 Gens Power 59 64 8.47
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Financial Weekly

INVESTMENT
Editor : Dilip K. Shah
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purposes only and derived from source that are deemed to be reliable but their accuracy and
completeness are not guaranteed. Smart Investment or the analyst / writer do not accept any
liability for the use of this column for the buying or selling of securities. Readers of this column
who buy or sell securities based on the information in this column are soley responsible for their
actions. The author, his company or his acquaintance may / may not have positions in the scrips
featured herein
Financial Weekly

INVESTMENT
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Financial Weekly

INVESTMENT
Grand Success Story of

D(en)O(f)W(ealth) : Dow Scheme
Date Stock Reco. Target Achieved Return Date Stock Reco. Target Achieved Return
Rate (Rs.) Rate (%) Rate (Rs.) Rate (%)
3rd June-16 J M FIN 47 56-59-65 132 181% 5th Jan 17 MAGNGALORE CHEM 48.2 55-60 82 70%
9th June-16 BAJAJ ELE 232 300 387.4 67% 6th Jan 17 INDO RAMA 34.25 36-37 42.6 24%
20th June-16 GAEL 58 75-85 153 164% 11th Jan 17 TRIDENT 62.5 75-100 92 47%
24th June-16 IOL CHEM 136 175-275 156 15% 13th Jan 17 PITTI LAMINATIONS 60 63-65 69.85 16%
1st July 16 IL&FS TRANS 78.5 95-105 124.8 59% 20th Jan 17 SUPER CROP SAFE 136 225 163 20%
7th Junly 16 NETWORK18 45.5 64-71 54.8 20% 27th Jan 17 IHTL 192 202 202 5%
15th July 16 SARDA ENERGY 141 180-200 296.2 110% 2nd Feb 17 SUBEX 10.6 13-14 12.35 17%
22nd July 16 AARTI IND 553 620-625 978 77% 6th Feb 17 BGR ENERGY 138.5 175 183.4 32%
28th July 16 MAGMA FIN 106 135-140 138 30% 6th Feb 17 LAURUS LAB 538 625 611 14%
3rd Aug 16 GARWARE WALL 453 535-540 849 87% 14th Feb 17 ATLANTA 83 105 120.45 45%
5th Aug 16 ION EXCHANGE 327 445-450 473.8 45% 16th Feb 17 PITTI LAMINATIONS 62 72-75 69.85 13%
12th Aug 16 IOL CHEM 137 175-275 156 14% 16th Feb 17 EON ELECTRIC 63.5 85-90 80 26%
18th Aug 16 SAMBANDAM SPI 113 130-140 152 35% 28th Feb 17 KWALITY 157 175-185 167.95 7%
22nd Aug 16 SUBEX 12.65 16.5-18.4 13.5 7% 1st Mar. 17 SPARC 339 370-385 357.4 5%
31st Aug 16 IDFC 58.25 70 71.3 22% 2nd Mar. 17 KOPRAN 71 83-95 102.45 44%
8th Sep 16 IRB INFRA 242 270-285 272.65 13% 8th Mar. 17 AJMERA REALTY 197 250-260 252 28%
8th Sep 16 TALBROS ENG 238 255-260 399.6 68% 10th Mar.-17 CORDS CABLE 81.5 84-86 111 36%
16th Sep 16 NOCIL 68 85 111.4 64% 15th Mar. 17 ADANI ENTER 99.5 115-120 160.7 62%
21st Sep 16 CONART ENG 40 48 58 45% 17th Mar.17 GUJ THEMIS 48 53-55 55.5 16%
23rd Sep 16 KEI IND 120.5 140-170 238 98% 17th Mar.17 SHILCHAR TECHNO 380 450-525 524.9 38%
29th Sep 16 DYNAMIC IND 60 70-75 82.9 38% 20th Mar.17 ELECTROSTEEL CAST 29.5 37-40 40.65 38%
29th Sep 16 GSFC 77 101 148.5 93% 24th Mar.17 ONWARD TECH 74.5 78-80 98.8 33%
5th Oct 16 MAGMA FIN 116 140 138 19% 24th Mar.17 AVT NATURAL 37 39.5-41 49.9 35%
19th Oct 16 JINDAL POLY 429 460-490 477 11% 29th Mar.17 SANKHYA INFO 58.5 70-75 60 3%
25th Oct 16 A2Z INFRA 40.75 50 52.65 29% 31st Mar.17 MOLD-TEK 53.5 55-56 56.8 6%
30th Oct 16 JENBRUKT PHARMA 482 700 572.5 19% 5th April-17 MTNL 25.75 31-35 27.1 5%
30th Oct 16 ADVANCED ENZ 2125 2700 2375.5 12% 6th April-17 SARDA ENERGY 258 300 277.7 8%
4th Nov 16 MAFATLAL IND 443 425-500 448 1% 13th April-17 WEIZMANN 524 560-570 648 24%
4th Nov 16 ABC BEARINGS 174 210-250 198 14% 20th April-17 COMPUCOM SOFT 17.5 19.5-20.5 18.1 3%
2nd Dec 16 MRPL 100 119-138-149 142.8 43% 21st April-17 ALEMBIC 46.7 55-61 51.7 11%
9th Dec 16 SONATA SOFT 164 195 224 37% 28th April-17 REL INFRA 595 700 620 4%
16th Dec 16 INDIA GLYCOL 137 180-200 203.9 49% 28th April-17 DAMODAR IND 95 100 99.5 5%
30th Dec 16 MADHAV MARBLE 59 64-66 79.5 35% 2nd May-17 VIPPY SPINPRO 50 55-56 47 -6%
30th Dec 16 ORIENT BEVERAGES 160 170-172 181 13% 2nd May-17 DEEP IND 332 400 343 3%
4th Jan 17 RAIN IND 56.5 70 122.8 117% 15th May-17 TALBROS AUTO 175 210 196.1 12%
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Only Financial Weekly Published in English & Gujarati

Editor : Dilip K. Shah

GAMC No. :1703/2015-17. Issued by SSP Ahd. Valid up to 31-12-2017

FII Activity (Rs. Cr.)

Most Popular Webstie for the Stock Market Investors

SMART 29th October 2017 to 4th November 2017 3

Hard Copy is available on Every Sunday Morning at your nearest book-stall

More detail about Subscription

SMART 29th October 2017 to 4th November 2017 4

Rapid Fire Stocks

Aspinwall and Company Ltd (Rs. 339.50)

Orient Cement Ltd. (Rs. 171.50)

SMART 29th October 2017 to 4th November 2017 5

B L KASHYAP AND SONS (532719 & NSE)

SMART 29th October 2017 to 4th November 2017 6

MARATHON NEXTGEN REALTY LTD

SMART 29th October 2017 to 4th November 2017 7

BULLS CONTINUE TO DOMINATE

This Weeks Recommendations

SMART 29th October 2017 to 4th November 2017 8

SMART 29th October 2017 to 4th November 2017 10

Limited Upside before a

Rising Star : United Spirits (3025.75)

SMART 29th October 2017 to 4th November 2017 11

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

SMART 29th October 2017 to 4th November 2017 12

Last Recommendation Review

SMART 29th October 2017 to 4th November 2017 13

SMART 29th October 2017 to 4th November 2017 14

SMART 29th October 2017 to 4th November 2017 15

has been migrated to Main Board of Na- Promoter of Sanco Industries

SMART 29th October 2017 to 4th November 2017 16

Stock Buzz Subramanian Mahadevan

FIEM Industries Limited

English & Gujarati Edition Gujarati Edition

SMART 29th October 2017 to 4th November 2017 17

Smart Picks Rohan Nalawade - Expert in financial analysis (Mumbai )

10390 strong resistance for Nifty

Buy... Buy... Buy on Dips Hold Sell on High

SMART 29th October 2017 to 4th November 2017 18

SMART 29th October 2017 to 4th November 2017 19

SMART 29th October 2017 to 4th November 2017 20

Technical News : 30-10-2017 to 3-11-2017

Smart Investment : Subscription Rates

SMART 29th October 2017 to 4th November 2017 21

Terrific Shots - Dilip K. Shah

Oberoi realty (Rs459.00) (Code:533273) :- Realty sector company has witnessed

SMART 29th October 2017 to 4th November 2017 22

Improvement may continue in selected stocks

SMART 29th October 2017 to 4th November 2017 23

Dilip Davda Best Buy

Although SY 2074 starts on a dull note

SMART 29th October 2017 to 4th November 2017 24

SMART 29th October 2017 to 4th November 2017 25

DISCLAIMER : No financial information whatsoever published anywhere here should be con-

SMART 29th October 2017 to 4th November 2017 26

Nifty & Sensex Movement during the last week

SMART 29th October 2017 to 4th November 2017 27

Scrip Watch - Dilip K. Shah

SMART 29th October 2017 to 4th November 2017 28

Market Tips - Dilip K. Shah

Harita Seating Systems (Rs. 815.00) (Code : 590043) (F. V. : 10.00) :-

SMART 29th October 2017 to 4th November 2017 29