001 Nov 06

Financial Weekly
SMART 5th November to 11th November 2017 1

INVESTMENT
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Only Financial Weekly Published in English & Gujarati Page
56
GAMC No. :1703/2015-17. Issued by SSP Ahd. Valid up to 31-12-2017

VOL : 10 • Issue No: 38 RNI No : GUJENG / 2008 / 24320 5th Nov. 2017 to 11th Nov. 2017
FII Activity (Rs. Cr.)

Date Buy Value Sell Value Net Value
30/10/17 4946.4 5132.44 -186.04
31/10/17 5991.94 6523.76 -531.82
01/11/17 6131.83 5093.52 1038.31
02/11/17 5441.78 4408.9 1032.88
03/11/17 4660.27 14351.11 -9690.84
Total 27172.22 35509.73 -8337.51
DII Activity (Rs. Cr.)
Date Buy Value Sell Value Net Value
30/10/17 3773.89 3634.21 139.68
31/10/17 3905.61 3308.69 596.92
01/11/17 4519.98 5187.89 -667.91
02/11/17 4042.38 4498.89 -456.51
03/11/17 3877.08 3843.68 33.4
Total 20118.94 20473.36 -354.42
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Financial Weekly

INVESTMENT
SMART
BUY OF THE WEEK
Dark Horse
AMAL LTD (506597) (FV Rs.10) (152.6)

AMAL LTD was promoted by Piramal Group in 1974-75 and the controlling interest was sold to
Atul Ltd of Lalbhai Group in 1985-86. Lalbhai Group is the leading industrial group of Gujarat,
which has companies such as Atul and Arvind Limited.
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. The plant is located in
Ankleshwar, Gujarat, India.
It has an equity base of just Rs.7.03crore. The promoters hold 53.73% while the investing public
holds 46.27% stake in the company.
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 has made new life time high of Rs.2635 on Friday. AMAL
was touched Rs.207.90 levels in April-17 & after correction now stock is available at attractive
levels. Buy this stock with a stop loss of Rs.135. On the upper side, it could zoom to Rs.175-180
levels in coming days…
Top 10 Dark Horse recommendations…

Date Stocks Recomm. Achieved Ch.
Rate Rate (%)
10th April 2017 B L KASHYAP 24 61.9 158%
13th February 2017 T N PETRO 31 79.85 158%
14th August 2017 AGRITECH INDIA 60.75 149 145%
17th April 2017 WEIZMANN FOREX 524.75 1125 114%
23rd January 2017 EON ELECTRICT 69 137.5 99%
20th February 2017 MUNJAL AUTO 48.5 94.1 94%
17th July 2017 SREE RAYALSEEMA 139 264.25 90%
26th Dec. 2016 BANARAS BEADS LTD 55 102.3 86%
13th March 2017 CORDS CABLE 81 145 79%
25th September 17 SREE RAYALSEEMA HY 148 264 78%
Last week we had recommended B L KASHYAP as a DARK HORSE @ Rs.42.75, it

zoomed to Rs.61.90 levels and recorded unbelievable 45.30% appreciation in just one
week. MARATHON NEXTGEN recommended at Rs.450, it zoomed to Rs.509.40 levels
and recorded 13.20% appreciation in just one week
Financial Weekly

INVESTMENT
GOKUL AGRO (539725 & NSE)

(FV Rs.2) (31.4)
On 9th October-17 we had recommended KRITI NUTRIENTS as a DARK Horse @ Rs.21.5,
after our recommendation it zoomed to Rs.29.85 levels and recorded almost 39% appreciation
within a month. SANWARIA CONSUMER LTD recorded almost 1000% gain in last one year.
Gokul Agro Resources is engaged with same industry.
Gokul Agro Resources Limited (GARL) de-merged entity of GOKUL REFOILS & SOLVENT
LTD is one of the leading FMCG Companies of India with international presence having state of
the art manufacturing and processing facilities for various kinds of Edible and Non-Edible oils and
meals. GARL operates across the world with its trade and also have a subsidiary in Singapore in
order to cater its international trading operations in the key parts of the world. GARL has its exten-
sive marketing and distribution network which reaches out the customers of 20 states in India. It
cater these sates with products such as Soya bean oil, Cottonseed oil, Palm oil (Palmolein), Sun-
flower oil, Groundnut oil, Vanaspati etc. GARL has been engaged in manufacturing and exports of
industrial products viz. castor oil of various grades and its derivatives. It also has one of the largest
manufacturing facilities to produce various grades of castor oil and also Castor de-oiled cakes etc.
The company supplies its products to United States, South Korea, European Union, China,
Singapore, Indonesia, Malaysia, Russia and Vietnam. The Company owns state of the Art produc-
tion facility equipped with latest equipment and technology in Gandhidham, Gujarat, India.
It has an equity base of just Rs.26.38crore that is supported by reserves of around Rs.180.08crore.
The Promoters hold 72.52% while the investing public holds 27.48% stake in the company.
For FY17, the Company posted 119.76% higher PAT of Rs.20.68crore on 18.4% higher sales of
Rs.4303.79crore fetching an EPS of Rs.1.57. It has reported strong numbers for Q1FY18 also. Its
net profit soared 35.49% to Rs.4.81crore from Rs.3.55crore on 12.89% higher sales of
Rs.1079.47crore fetching an EPS of Rs.0.36.
Currently, the stock trades at a P/E of 18 while SANWARIA CONSUMER trades at P/E ratio of
29. Stock has shown strong upward momentum with huge volume on weekly chart. Buy with a stop
loss of Rs.24. On the upper side stock will zoom up to Rs.42-45 levels in coming days…
Financial Weekly

INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
jatinsanghavi100@yahoo.com
NIFTY HEADED FOR 10537-10815

BULLISH MOMENTUM GATHERS STRENGTH
Markets are going from strength to strength even as the bulls continue their domination over the
bears. Both the indices are at historic life-time high levels. As the Trend in all timeframes continues
to be positive, one needs to adopt a 'Buy on every Decline' strategy. As the upward price move-
ment continues, the Momentum Oscillators have moved up sharply and are in overbought territory.
So there is a possibility that the market might experience some minor pull-backs but one will need
to buy into those pull-backs. As per pattern formations one can expect Nifty target of 10537-10815.
TECHNICALLY SPEAKING :- Sensex opened the week at 33260, made a high of 33733, low
of 33164 and closed the week at 33685. Thus it closed the week with a gain of 528 points. At the
same time the Nifty opened the week at 10353, made a high of 10461, low of 10323 and closed the
week at 10452. Thus the Nifty closed the week with a gain of 129 points.
On the daily charts, Sensex has formed a small white body Spinning Top whereas Nifty has
formed a Hanging Man pattern. Both will require confirmation in the form of a real bearish candle
on Monday to confirm price reversal. On the weekly charts, both the indices have formed a real
Bullish White body candle. Thus weekly candlestick study indicates continuation of Bullishness
but daily study indicates slight bearishness.
Last week saw both the indices creating one more Bullish Gap between 33340-33294 for the
Sensex and 10383-10367 for the Nifty. This is the second Bullish Gap in last two weeks. Besides
acting as strong Support, this Gap can also be considered as a Measuring Gap. Thus as per Gap
theory, the target falls at Sensex 34322 and 10627 for the Nifty.
Two weeks back 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.
The key level to watch out for in this entire upward rally is the support taken at the higher bottom
This Weeks Recommendations

Rec. Name CMP SL TGT-1 TGT-2
Buy Century Tex.1411 1378 1462 1515
Buy Sun TV 881 864 907 934
Buy Auro Pharma 787 770 813 840
Buy Thirumalai 1950 1903 2024 2103
Buy Munjal Sh. 291 283 304 319
:::: INDEX LEVELS ::::
S3 S2 S1 CLOSE R1 R2 R3
NIFTY 10123 10251 10367 10452 10536 10662 10778
SENSEX 32396 32804 33254 33685 33967 34317 34677
Financial Weekly

INVESTMENT
which is at Sensex 31128 and Nifty 9685. A break of this support will interrupt the higher top higher
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.
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 (71) suggests bullish momen-
tum. ADX has increased to 21, which suggests uptrend getting developed. Directional Indicators
continue in Buy mode. MFI (85) suggests Positive Money Flow. OBV continues to make higher top
higher bottom formation. Thus Oscillators are suggesting a bullish bias for the near term, but more
interestingly all momentum oscillators are in overbought zone and hence one can expect some
cool-off or a minor dip in the near term.
This week, both the indices continue to remain not only above the short term average of 20dma
(Sensex - 32702 and Nifty - 10221) and the medium term average of 50dma (Sensex - 32162 and
Nifty - 10056), but also the long term average of 200dma (Sensex - 30632 and Nifty - 9509). 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
Participate in Upside but Be Cautious !

Markets still showing signs of further upside. The last trading day produced a
hammer kind of candlestick pattern on Nifty chart and same kind of candle was
spotted on Bank Nifty as well. Both these hammer suggests a buying emerged
from the Bottom levels of that particular day. Vertical Distance Momentum
theory suggests that Nifty can go as high as 10650 or nearer levels if continues
the same momentum. 10500 May produce some psychological resistance but
once it can be taken out the next 150 point should not take much time. The only
concern the current market has is that, it is taking much momentum in quite a
short time. There is also too much of dependency on the world market which is
evident. All these up movement is happening quite far the 200 day simple MA
and hence we can be bullish but we have to be bullish with a strict trailing stop
loss. If one has a long side portfolio then keeping some OTM puts for forward
series and having a good hedge is advised.
Rising Star
Ujjivan Financial Services (373.35)
Financial Weekly

INVESTMENT
Eversince the listing of this stock in 2016, it was in some kind of Frenzy. Firstly upon listing at
230 kind of levels, this stock gave a stellar rally unitl JUL-2016 when it was trading above even 545
kinds of levels. But this up move was very soon negated and price went back to form lower tops
and lower bottoms. Down trend in price even took it to see the 285 kinds of levels in Aug of this
year. This down trend lasted for about 1 year. But sincethen, price started showing a strenth by
cloacking higher bottoms at least. Slowly and steadily counter build an up move that can well be
identified an put above the up slanting support line as can be seen in the given chart. Remember,
that the same support line if we extend in the history, we can see a fair support line eversince
inception and that has never been breached. While we see the whole pattern of the down trend, we
can perceive three curve Inverted Head and shoulder pattern which is already broken over the
drawn neck line. Right shoulder with a good volume cluster beneath also suggests that the accute
investors
have already marked the reversal in the price trend and they are now aggressive. If this pattern
work well then in future the Target of 470 in coming 9/10 months doesn't seem difficult to come by.
The support line is our risk line and that should give us our current Stop Loss which is about 320
now and if we get up move in the future than emerging support lines would be out trailing stop loss.
Such a pattern should be traded after taking your own financial advisors counsel as it looks quite
attractive to us.
Jignesh R Mehta (SEBI Registered Research Analyst)
www.kiranjadhav.com • support@kiranjadhav.com
Phone: 95 95 113344
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 do not take any responsibility
for any results that may arise out of using this information.
Financial Weekly

INVESTMENT
ANI Integrated Services

Power of Manpower
Issue Detail
Issue Opens : 8th November 2017
Issue Closes : 10th November 2017
Issue Size : 25,65,600
OFS : 8,78,400
Fresh Issue : 16,87,200
Total Issue Size : Rs 25.65 Cr
Face Value : 10
Issue Price : 100
Bid RII : 1200 shares
ANI Integrated Services Limited is is Other then RII : 2400 & in multiples of 1200
Listing : NSE Emerge
an ISO 9001 certified company engaged in
the business of Manpower Staffing such Corporate Feature
as Technical Manpower Deputation and Placement, Value Added
Customized Services, Project Installation & Erection, Operation
and Maintenance Contracts. Company provides mix of freshers to highly experienced pro-
fessionals to various industries. Stringent process of screening, short listing, interviewing is
followed for selection process.
ANI has posted strong operating & net profit margin of 19.18 % & 12.54% respectively
during FY17. Sales grew 58.60% to Rs.62.82 Cr. and net profit expanded to 12.54% to
Rs.7.88 Cr. ANI has generated strong return on shareholder’s fund of 55.59% during the
same year
1)
Financial Weekly

INVESTMENT
Object of Issue
For Repayment of borrowings : 50,000,000
For Meeting Working Capital Requirements : 63,489,400
For Meeting General Corporate Expense : 40,493,000
For Meeting Public Issue Expense : 14,737,600
Fresh Issue proceeds : 16,87,200
ANI Integrated Services is entering into CLIENTELE STRENGTH

Capital Market through the SME IPO next
week. It will issue 25,65,600 shares of
Rs. 10 each at a fixed price of Rs. 100
per share. It will raise Rs. 25.66 crore
through this SME IPO. Issue consists of
offer for sale of 8,78,400 equity shares
and fresh equity issue of 16,87,200 shares. Issue will open on 8th STRONG GROWTH
Revenue PAT
November, 2017 and will close on 10th November, 2017. Minimum (Rs. Cr.) (Rs. Cr.)
2014 19.79 1.05
application is to be made for 1200 shares and in multiples thereon,
2015 23.61 1.16
thereafter. Post allotment, shares will be listed on NSE SME Emerge 2016 39.61 1.90
2017 62.82 7.88
platform. Issue is solely lead managed by Hem Securities Ltd. and
ANI is engaged in the business of Manpower Staff- Bigshare Services Pvt. Ltd. is the reg-
ing such as Technical Manpower Deputation and
Placement, Value Added Customized Services, istrar to the issue. Post issue its cur-
Project Installation & Erection, Operation and Main-
tenance Contracts rent paid up equity capital of Rs. 8.00
crore will stand enhanced to Rs. 9.69
crore.
ANI Integrated Services Ltd. has
been delivering an extensive range of
solutions to its clients globally and has
been able to establish strong client re-
2)
Financial Weekly

INVESTMENT
lationship over the years. The company has its clientele from
Fortune Global 500 companies and also works with the well known
and established Indian Groups. It has proven experience of more
than 2 decades in Manpower Deputation.

ANI Integrated Services
ANI has received ISO 9001 : 2015 certificate for Quality Man- is entering into the SME
IPO next week. It will
issue 25,65,600 shares
agement System
of Rs. 10 each at a fixed
price of Rs. 100 per
from TNV Certification UK. It has also NISC – CRISIL perfor-
share. It will raise Rs.
25.66 crore. Issue will
mance and Credit Rating of MSE, “ High credit worthiness in open on 8th November,
2017 and will close on
relation to other MSEs”. 10th November, 2017
Company has shown strong financial performance during FY17
as it has posted strong operating & net profit margin of 19.18 % &
12.54% respectively during FY17. In FY17, its sales grew 58.60%
to Rs.62.82 Cr. and net profit expanded to 12.54% to Rs.7.88 Cr. ANI has generated strong
return on shareholder’s fund of 55.59% during the same year. During FY14-17, the company’s
revenue grew at 46.97% CAGR and net profit grew at 95.78% CAGR respectively.
ANI represents a strong brand in the market in which they operate in. Their service offerings
ANI Promoters coupled with technical know-how, competi-

Mr. Navin Nandkumar Korpe
He is Managing Director of the company. He has Bach-
elor of Engineering(Instrumentation) degree from Uni- tive fees, execution capabilities and a good
versity of Mumbai. He has over 30 years of experience.
Mrs. Anita Navin Korpe
track record has provided it with strong
She is Non-Executive Director.
She is B.Com. from University of Mumbai. brand recognition and credibility. The rec-
She has over 22 years of experience.
Mr. Akshay Navin Korpe ognition and acceptance of ANI as a brand

He is Director. He has BE(Information Technology)
from University of Mumbai and MBA from WLC Col- has significantly contributed to the success
lege, Mumbai. He has an experience of 9 years.
Mr. Kedar Navin Korpe of its business.
He is Director and CFO. He is Bachelor of Management
Studies (Marketing). He is also M.Sc. (Entrepreneurship)
from Royal Holloway, University of London. He has an
experience of 8 years.
3)
Financial Weekly

INVESTMENT
Rapid Fire Stocks

- Kalpna J (Email- Kjtech79@gmail.com) (Ring : 97690 37711)
Rapid Fire Stocks with 100% return in Last 6 Months - Adorweld - 334-668 , CGCL- 71 to 142 ,
Guj Borosil - 84 to 174 , Aspinwall - 337 to 380 - 13% return in One week, Atlas Cycle- 409-490 -
20%( in 2 Months ), Allsec - 385 - 517 - 35% return in 3 Months , Jubliant Food - 1394 to 1719 - 21%
in 3Months
JOCIL (Rs. 222.80)

Jocil Ltd., incorporated in the year 1978, is
Category No. of shares (%)
Promoters 4,886,500 55.02 a Mid Cap company (having a market cap of
General Public 3,794,497 42.73 Rs 171.50 Crore) operating in Chemicals sec-
Other Companies 172,164 1.94 tor. Jocil Ltd, a subsidiary of Andhra Sugars,
Foreign - NRI 21,316 0.24 is incorporated on 1978, is in the business of
Others 6,673 0.08
manufacturing Fatty Acids, Glycerine, Toilet Soap, Industrial Oxygen etc. Jocil's manufacturing
unit is located at Guntur District, Andhra Pradesh. IT has 30 years of experience in the field of
manufacture of Stearic Acid Flakes, Fatty Acids, Toilet Soap, Soap Noodles and Refined Glycer-
ine. The Company has set up a unit to manufacture bricks from fly ash generated in the boilers to
solve environmental problems and it is cheaper and stronger when we compare with conventional
bricks, which is made out of clay.
Stock is breaking out - Buy at CMP-220, Target- 310-350, Time frame 2 to 8 Months, SL - 190
National Aluminium (Rs. 94.00)

Category No. of shares (%) National Aluminium Company Ltd., incor-
Promoters 1,263,412,563 65.36 porated in the year 1981, is a Large Cap com-
Financial Institutions 291,017,303 15.06 pany (having a market cap of Rs 17976.24
Foreign Institutions 127,274,472 6.58 Crore) operating in Metals - Non Ferrous sec-
Others 121,420,253 6.28 tor. National Aluminium Company Ltd. key
General Public 68,442,296 3.54 Products/Revenue Segments include Alu-
NBFC and Mutual Funds 61,361,997 3.17
minium which contributed Rs 5272.19 Crore to Sales Value (65.49 % of Total Sales), Alumina
which contributed Rs 2584.25 Crore to Sales Value (32.10 % of Total Sales), Wind Power which
contributed Rs 71.80 Crore to Sales Value (0.89 % of Total Sales), Export Incentives which con-
tributed Rs 69.23 Crore to Sales Value (0.85 % of Total Sales), Other Operating Revenue which
contributed Rs 47.80 Crore to Sales Value (0.59 % of Total Sales), Thermal Power which contrib-
uted Rs 4.75 Crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 1802.69
Crore and Company has reported net profit after tax of Rs 128.94 Crore in latest quarter.
Stock is breaking out - Buy at CMP- 94.25, Target- 110-135, Time frame 2 to 8 Months, SL - 84.5
Financial Weekly

INVESTMENT
- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789
Nifty Overview : Nifty Overview: In Last Trading Session, Nifty closed at 10489. 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 25676. Bank Nifty is positive and has more potential
to go up. Intra-day charts would be required to take position & book profit.
Last Recommendation Review

Scrip Name BSE Buy/ Enter Did High/ Remark
Code Sell at Low
Adani Ent 512599 Buy 130 143.95 Target Achieved
Glenmark 532296 Buy 610 658 Target Achieved
IDFC 532659 Buy 60 66 Target Achieved
Just Dial 535648 Buy 415 490.95 Target Achieved
OBC 500315 Buy 138 148 Target Achieved
Sun Pharma 524715 Buy 548 576 Target Achieved
Wockhard Pharma532300 Buy 645 687.85 Target Achieved
GAIL 532155 Sell 476 466 Target Achieved
IGL 532514 Sell 1630 1566 Target Achieved
Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Bata India 500043 815 810/816 830 845 800
Glenmark 532296 629 620/630 645 665 605
IDFC 532659 64 62/64 70 75 58
Jindal Steel 532286 166 160/163 175 185 157
Just Dial 535648 477 440/450 475 500 434
RPower 532939 41 40/41 44 47 38
Wockhard 532300 680 660/665 690 730 645
Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Bharti Airtel 532454 542 568/575 558 545 584
Bata India 500043 815 850/860 830 810 880
Century Tex 500040 1421 1450/1460 1430 1410 1480
DHFL 511072 672 690/695 680 665 705
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
Stock Buzz Subramanian Mahadevan

dolphincapital@gmail.com
PTC India Financial Services Limited

(Rs.39):Funding 'Power'!
PTC India Financial Services Limited (PFS) -is an Indian non-banking financial institution pro-
moted by PTC India Ltd. PFS is one of the few financial institutions in India that provide both equity
and debt financing, including short-term and long-term debt, as well as structured debt financing. It
offers an integrated suite of services including provision financing to, and make investments in,
private sector Indian companies in the power sector, including for power generation, equipment
supply and fuel source projects. For Q1 FY18, Net profit for the quarter increased by 17.4% YoY to
79.2 crore however provisions increased drastically by 250.7% YoY to Rs.7.6 crore. Its GNPA &
NNPA to gross advances stood at 5.83% & 4.41% as of Q1FY18. The amount of GNPA was Rs.
638.8 crore whereas NNPA was Rs. 442.1 crore. Its total outstanding credit grew by 32% to Rs.
12553 crore vs Rs. 9536 crore in Q1FY17with the renewable sector covering more than 45% and
thermal sector covering 31% of the loan book and we expect it to sustain over 25% growth for the
next two years. The debt assistance sanctioned by PFS would help in capacity addition of close to
20,000 MW. The profits are expected to grow in excess of 350 crore and 425 crore in FY18 and
FY19 respectively assuming moderate NPA in the light of expanding asset base with the maxi-
mum lending towards the renewable energy sector. Also, the return ratios like ROE is expected to
hover around 15.5% and 17.1% in FY18 and FY19 respectively while ROA is expected to remain
stable at 3.3-3.5% over the next two years. PFS has divested its entire stake in India Energy
Exchange (IEX) sometime this year March/April 2017 for a whopping amount of Rs. 132.54 crore
versus its original investment of meagre Rs. 1.52 crore.The exit is made at a substantial return on
its investment and will strengthen the balance sheet, augment the company's net worth and pro-
vide headroom for increased lending in infrastructure sector. Accumulate for excellent double digit
returns in one to two years' time frame coupled with good dividend yield. One of the cheapest stock
in the PSU space which actively not participated in the current bull market.
- Subramanian Mahadevan
Financial Weekly

INVESTMENT
Stock Market Workshop

Technical & Fundamental Analysis Learn from
(18th & 19th Nov.) & (25th & 26th Nov.) SEBI (Reg.)
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Financial Weekly

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

E-mail ID : rohan.nalavade21@gmail.com
Nifty in decisive range (10400-10500)

Last week Nifty moved in tight range of 10350 and 10450 and was volatile ,Nifty is getting
strong suport at 10400 levels and 10500 is strong resistance and a close only above 10500 will
take this November series to 10700 levels and below
10400 close Nifty will show 10200 in November series contract next week is important w.d.gann
date( November 7) And fast and big moves can be seen next week which will set the trend till end
of series .
USA Fed meet gave indication to hike interest rate in December and Gujrat elections are also in
December ,so next month BJP win or loose will have big effect for short term 1000-2000 points
movement can be seen downside if BJP looses.and win will make market strong as Gujrat election
will set the stage for 2019 Indian election ,a big turning point to watch in December month .
Stocks to watch out
Tatamotors is buy at 447 for 453-456 SL 440
Vedl is sell below 338 for 333-328 SL 345
Nifty index spot price
Buy above 10470 for 10500-10550
Sell below 10440 for 10400-10350-10300
Nayan Patel
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Financial Weekly

INVESTMENT
Nilesh S. Kotak
Value Buy (Mob. : 8866004076)
Ambalal Sarabhai Enterprises

Ambalal Sarabhai Enterprises is a Baroda-based pharmaceutical manufacturing company which was
incorporated in 1977. It is one of the company belonging to the Sarabhai Group. The Group's principal
activity is manufacture and marketing of pharmaceutical products and bulk drugs. The company's plants
are located at Vadodara and Ahmedabad.
History of the company:-
1977: The company was incorporated on June 27, as a private limited company. It was converted into
a public limited company on December 29, 1980. The objects are manufacture of drugs and pharmaceuti-
cals, industrial chemicals, detergents, toiletries, electronics, engineering products, paper, glass and plastic
containers and packaging materials. The company also carries on industrial research and consultancy
services.
" The restructuring and reorganization of various Sarabhai Enterprises:
(a) Elscope Private (Elscope) became the owner of the undertaking and business of Sarabhai Chemi-
cals, Sarabhai Machinery and Bakubhai Ambalal; and
(b) Ofisade Private Limited (Ofisade) became the owner of undertakings and business of Sarabhai M
Chemicals, Swastik Household and Industrial Products, Systronics, Telerad, ORG Systems and Opera-
tions Research Group, Packart, Cotton & Cloth and WIPS, Sarabhai Research Centre and Sarabhai Elec-
tronics Research Centre.
As a part of the reorganization, the company also acquired from Shahibag Entrepreneurs Pvt. Ltd, the
entire share capital of Himinonic Detergents Industries Pvt. Ltd. (Him ionic) and from Kalindi Investments
Pvt. Ltd., the entire share capital of Surac Holdings Pvt. Ltd. (Surac). There upon Wadi Holdings Pvt.Ltd.,
the respective subsidiaries of Himionic and Surac, became subsidiaries of the company.
The acquisition of the undertakings from Elscope became effective from 1st July.
1978:
" The acquisition of the undertakings from Ofisade became effective from May 16, but in terms of the
sale agreement. the company issued further 11% Non-Convertible bonds of the face value of Rs.166 lakh
to the holding companies of Sarabhai Enterprises and their subsidiaries to convert demand liabilities of that
amount into deferred credits.
1981:
" The company proposed to undertake various other schemes of expansion, diversification,
modernisation, research and development including those of SG Chemicals & Pharmaceuticals. All these
schemes were to be implemented during the period.
" Standard Pharmaceuticals Ltd was amalgamated with the company with effect from April 1. Due to
this amalgamation, the company derived the advantage of the industrial licences for the bulk manufacture
of penicillin, Erythomycin, Ampicillin, Vitamin C, Doxy,doxycycline insulin and other pharmaceutical prepa-
rations.
1982:
It was proposed to amalgamate with the company Swastik Household& Industrial Products P. Ltd,
Ambernath (Maharashtra), SM Chemicals & Electronics P Ltd. Kandivli, Bombay and WhitcoLtd, with effect
from July 1.
1983:
The Scheme of Amalgamation of Swastik Household Industrial Products Pvt. Ltd. (SHIP, Pvt. Ltd) and
S.M. Chemicals & Electronics Pvt. Ltd. (SMCEPL) with the company was sanctioned by the Bombay High
Court and approval from the Gujarat High Court was received on May 12, 1987.
Financial Weekly

INVESTMENT
1984:
The company issued 15% secured non-convertible debentures for Rs 10 crore. The issue was sub-
stantially over-subscribe and after obtaining consent to retain the excess upto 50% of the issue debentures
of Rs.15 crores were allotted on February 1, 1985.
1985:
In a bid to gain access to the latest innovations in various fields of technological specialisation achieved
by world leaders in the field of bulk drugs and pharmaceuticals, electronics and synthetic detergents, a
scheme of reorganisation of Ambalal Sarabhai Enterprises (ASE) Ltd was evolved. Under this scheme it
was proposed to divide with effect from July 1, the existing operations of ASE between ASE and its two
subsidiaries to be named Sarabhai Electronics Ltd, and Sarabhai Surfactants,Ltd and give their shares to
the existing shareholders of ASE.
1986:
The Scheme of Amalgamation for the merger of ASE, of its subsidiaries Himionic holdings Ltd, Wadi
Holdings, Ltd, Surac Holdings, Ltd, Perion Holdings Ltd, Wadi Financiers and Investments Ltd, and Shahibag
Investments Ltd with effect from July 1, was sanctioned by the High Courts of Gujarat and Bombay.
1987:
The Gujarat High Court gave its sanction for the Scheme of Amalgamation on December 24.
" SG Chemicals & Pharmaceuticals Ltd. (SG), formerly known as Suhrid Geigy, Ltd, was a company
in which Ciba-Geigy Ltd.Basle, Switzerland and its associates held 47 1/2% of the paid up capital. Ciba-
Geigy discotinued its technical collaboration with SG with effect from Junuary 1, 1976.
" As per the scheme of arrangement Sarabhai Electronics Ltd.(SEL) in which the electronics division
of ASE had been vested, issued 35,82,536 of its equity shares to the shareholders of the company.
" 1,67,400 equity shares were allotted without payment in cash to members of SHIP Pvt. Ltd and
SMCPL on their merger.
1988:
The company entered into an understanding with US-based Bristol-Myers Squibb Corporation for tech-
nical know-how in the manufacture of pharmaceuticals and penicillin. This was done with a view to take-
over as a going concern the existing undertaking of Synbiotics Ltd for the manufacture of bulk drugs be-
cause the company had suffered a severe setback due to non-availability of working funds resulting in
under utilisation of capacity.
" The company disinvested in entire shareholding of 500 equity shares of Rs1000 each of its wholly
owned subsidiary SG Chemicals and Dyes Trading Ltd for a consideration of Rs 200 lakh.
1989:
The company entered into technical collabortion agreements with Avesta (Sweden) and Pannevis (the
Netherlands) for the manufacture of special process equipments and screen making equipment.
1996:
The company obtained industrial licences for the manufacture of: (i) fatty acids from minor edible oils, (ii)
Sorbitol, and (iii) increcal (cycocel technical) an agrochemical. Letters of Intent were in hand for the manu-
facture of (i) chlorine and Its salts and (ii) screen making equipment. Industrial licence for the manufacture
of (i) electronic measuring and testing instrument, (ii) closed cirucuit television systems and (iii Special
process equipment including vacuum dryers, sterilisers, evaporators, crystallisers, heat exchangers, etc.
were in the process of being endorsed in the name of the company. The company's application for the
manufacture of computer peripherals and micro-processors was pending with the government.
2007:
Ambalal Sarabhai Enterprises Ltd appointed B S Bohra as additional director of the company with effect
from April 20, 2007.
The Group operates in two segments: pharmaceuticals and electronics.segements. It further has two
divisions - Systronics Division - Systronics Division has been contributing and delivering some of the
import substitute products like Double Beam UV - Visible Spectrophotometers, Photo flourimeters, etc.
Further, to make the complete range available under one roof, Systronics division has entered in to strate-
gic tie-up with some of the local and foreign manufacturers with co-branding or marketing their products like
Financial Weekly

INVESTMENT
Gas Chromatographs, HPLC, Atomic Absorption spectrophotometers, FTIR, Amino Acid Analyser.
Telerad Division - The company also has Telerad division, which is one of the oldest representatives of
Sony in India promoting broadcast and professional video/audio products for more than three decades.
This division has expanded its services through eight branch offices in different locations of India. Telerad
division has also extended its services in the area of design, system supply, installation, integration, train-
ing, maintenance and supply of spares. The company exports its products to regions such as Japan,
Europe, USA, Africa, and Middle East. Some of its subsidiaries include Synbiotics Ltd., Haryana Contain-
ers Ltd., Asence Inc. USA, and Mautik Exim Ltd.
Products Offered:
The company has following products offering
1) Therapeutic, bulk drugs and veterinary segments.
2) ASE`s formulations in the therapeutic segment include anti-infective, analgesic, anti-inflammatory,
nutritional, oncological, cardiovascular, gastrointestinal, and anti diabetic products to name a few.
3) The company`s products in the bulk drug segment include Acenocoumarol, Amphotericine, Ascorbic
Acid, Canrenone and Carbamazeine among others. ASE, in the animal health care market, offers a wide
range of therapeutic and nutritional formulations for livestock, poultry and pets.
Subsidiaries of the Company:

" Vovantis Lab Pvt Ltd
" Systronics (India) Ltd
" Synbiotics limited
" Suvik Hitek Pvt Ltd
" Mautik Exim Limited
" Haryana Containers Limited
" Asence Pharma Pvt.Ltd
" Asence Inc.USA
Consolidated Results:
The Company's operations are organised through 7 subsidiaries and a joint venture company each of
which represents a focused area of business strategy which led to better growth and consolidated
operations.The combined revenue from operations gone up from 10,465 lakhs to Rs 12,450 lakhs showing
a growth of nearly 20%,consequently the loss before tax reduced from nearly 2021 lakhs to 667 lakhs.
Operations:
Pharma Formulations:
The Company continues to manufacture formulations under license and market these through estab-
lished companies in the market. The Company also manufactures and sells a wide range of Formulation
through its distributors. The Company has discontinued its Generics Marketing business in 2015 .
Sarabhai Chemicals (India) Pvt. Ltd. (SCPL),
Sarabhai Chemicals Specialties, a division of SCPL markets speciality pharmaceutical products for
Oncology and Infertility . Inspite of adverse market scenario, the turn-over has increased by 13.5% during
the year under review. SCPL has launched a new division viz. Uro - Gynaec in January, 2015 which has
received good response from the market.
Asence Inc.
Asence Inc., a wholly-owned subsidiary of the Company, incorporated in US specializes in the supply of
quality pharmaceuticals preparations (Finished Dosage Forms and Active Pharmaceutical Ingredients) to
international markets.
Asence Pharma Pvt.Ltd.,(Asence)
Asence,a wholly owned subsidiary of Asence Inc. has grown significantly during the year . It has achieved
gross turnover of Rs.3755.17 lacs with a Net profit of Rs.103.90 lacs for the year ended 31 st March 2015.
Asence has made inroads into growth related projects through investment and partnerships in group com-
panies as well as external manufacturing sites. This has shown increase in sales and relatively high impact
on profitability. The Company is expected to grow well in the current year .
Financial Weekly

INVESTMENT
Asence is making full efforts to boost up the international activities as well as domestic sales and en-
deavors to improve the performance of all its products.
Vovantis Laboratories Pvt. Ltd., (Vovantis)
During the year,Vovantis , a joint venture company, has observed noteworthy growth in the operations
as compared to previous years. Many new products in the form of Effervescent Tablets and powder packed
in sachet have been developed and these products are very well accepted by the market. As a result,
Vovantis could achieve considerable orders from market and booked significant increase in Sales.The
gross sales increased to Rs 17.32 crores as compared to Rs.9 .61 crores in last year. Profit before tax
increased to Rs.1.90 crores as against Rs 1.16 crores in last year.
In view of expecting much more demand in future from the existing as well as new customers, Vovantis
is planning to enhance its production capacity by creating additional plant facilities near to the existing plant.
The project evaluation is under finalization considering alternative sources of investment.
Vovantis is confident to create its distinguished presence in the international market by ensuring upward
graphs in its growth.
Suvik HItek Private Limited (Suvik)
Suvik, a wholly owned subsidiary of the Company, has started new business activities of Generics
marketing with effect from 1st January 2015. Suvik has already entered into necessary agreements with
Manufacturers and Distributors and started generics marketing . Suvik would market these under the brand
name of "Sarabhai" and its logo for which Suvik has executed license agreement with the company . Suvik
expects to achieve better results in the current year due to increase in turnover from Generics business.
In the year under review, Suvik achieved a turnover of Rs 399 lakhs in comparision to Rs 52 lakhs in last
year .The net loss has also come down to Rs 30.81 lakhs in the the year.
Bulk Drugs:
SYNBIOTICS LIMITED (Synbiotics)
During the year under report, there has been an increase of about 50% in the turnover of Synbiotics
,,another wholly owned subsidiary of the Company,. This has been mainly due to increased demand prod-
uct- Amphotericin Oral grade and Lyophilized grade in the overseas market. Increased off take by over-
seas parties has also helped in stabilizing the demand for the products.
Synbiotics has successfully passed the audit inspection from various international and domestic com-
panies. Synbiotics manufacturing facilities have got recognition from overseas authorities and also re-
ceived approval from PMDA [Japan], WHO-GMP, EU, and USFDA.
Synbiotics R &D department is constantly working for improving yield of EP Grade product for which
there is a good potential market both at domestic and international level. Synbiotics has planned to invest
about Rs. 100 lakhs in seting up facilities to increase yield efficiency of the product securing high productiv-
ity. Synbiotics achieved a turnover of Rs.1203.41 lacs for the year ended 31 st March,2015.
ELECTRONICS:
Systronics( India) Limited: (Systronics)
During the year under report, the turnover of Systronics , a wholly owned subsidiary of the Company
has decreased from Rs 51.72 lakhs to Rs 47.93 lakhs . Systronics is exploring the possibilities of expan-
sion /diversification to achieve better results and expecting to make progress in the forthcoming years.
Latest Reports about the Company:
Ambalal Sarabhai Enterprises Ltd., incorporated in the year 1978, is a Small Cap company (having a
market cap of 68.28 Cr.) operating in Pharmaceuticals and health care sector.
Ambalal Sarabhai Enterprises Ltd. key Products/Revenue Segments include Injectables which contrib-
uted 4.97 Cr to Sales Value (62.20 % of Total Sales), Tablets & Capsules which contributed 2.33 Cr to
Sales Value (29.14 % of Total Sales), Powders which contributed .52 Cr to Sales Value (6.48 % of Total
Sales), Liquids which contributed .15 Cr to Sales Value (1.89 % of Total Sales), Sale of services which
contributed .02 Cr to Sales Value (0.27 % of Total Sales)for the year ending 31-Mar-2016.
For the quarter ended 31-03-2017, the company has reported a Standalone sales of .53 Cr., up 106.56
from last quarter Sales of .25 Cr. and down -35.45 from last year same quarter Sales of .81 Cr. Company
has reported net profit after tax of -12.71 Cr. in latest quarter.
Financial Weekly

INVESTMENT
The company's top management includes Mr.Anil H Parekh, Mr.Ashwin P Hathi, Mr.Chandrashekhar
Bohra, Mr.Govind Das Zalani, Mr.K Mohandas, Mr.Kartikeya V Sarabhai, Ms.Chaula Shastri. Company
has Sorab S Engineer & Co. as its auditors. As on 31-03-2017, the company has a total of 76,633,296
shares outstanding.
PEG Ratio: --
Working Capital Days: 13,903.84
Interest Coverage Ratio: -6.35
Sales growth 5Years: -29.41%
Profit growth 5Years: --
Debt to equity: 0.60
Average return on capital employed 5Years: --
Operating cash flow 5years: ? -89.73 Cr.
Secured loan: ? 9.93 Cr.
Unsecured loan: ? 19.61 Cr.
Change in promoter holding 3Years: 0.32%
Cash Conversion Cycle: 1,037.80
Days Inventory Outstanding:20.07
Cash from operations last year: ? -69.37 Cr.
Cash from operations preceding year: ? -12.05 Cr.
Debt: ? 29.54 Cr.
CROIC: 1,236.57%
Return on invested capital:1,760.45%
Days Receivable Outstanding:1,801.28
Days Payable Outstanding:783.55
OPM: -935.10%
NPM last year: 653.51%
Return on equity: -135.73%
Piotroski score: 2.00
PB X PE: --
Dividend yield: 0.00%
Earnings yield: -17.56% Smart Investment : Subscription Rates
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Financial Weekly

INVESTMENT
Technical News : 6-11-2017 to 10-11-2017

Manu Consultants : Manishkumar - Kolkata
SEBI REG:- RESEARCH ANALYST- INH300002449
• NIFTY FUTURE
NIFTY FUT SUPPORT AT 9700-9550 AND RESISITANCE 10560-650
STRATEGY :- BUY NIFTY ON DIPS TILL 10400 SL 10350 TA 10560-650
• STOCKS F&O:-
BAJAJ FINSERVE (5050):- BUY BAJAJ FINSERVE ON DIPS TILL 4900 SL 4850 TA 5150-
5250
JP ASSOCIATES (18.5):- BUY JP ASSOCIATES ON DIPS TILL 17.5 SL 16.8 TA 20-22
UPL (780):- BUY UPL ON DIPS TILL 765 SL 754 TA 810-34
ESCORTS (730):- BUY ESCORTS ON DIPS TILL 710 SL 690 TA 765-80
• SELL STOCKS
SELL ICIL ON RISE TILL 118 SL 122 TA 105-100
SELL INFRATEL ON RISE TILL 432 SL 440 TA 400-390
• DELIVERY STOCKS
BUY MEP INFRA SL 87 TA 132-50
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.
Buy... Buy... Buy on Dips Hold Sell on High

Escorts 724.00 IDBI Bank 64.00
PNB 207.00 Unichem Lab. 313.00
Godrej Prop. 718.00 LIC Hsg. Fin. 608.00
Federal Bank 115.00 BSE 987.00
Aurobindo PH. 787.00 Beger Paints 261.00
Ashok Leyland 123.00 Ahluwalia Cont. 314.00
Hero Moto 3690.00 Kajaria Ceramics 671.00
Hathway Cable 38.00 SUN TV 881.00
Raymond 971.00 Tata Power 84.00
Meghmani Organics121.00 Karnataka Bank 168.00
Bajaj Fin. 5021.00 Bharti Infratel 413.00
Frontier Springs 187.00 Panasonic Energy 296.00
Shilpa Medi. 663.00 Andhra Bank 66.00
Mirza Intl. 161.00 Titan 659.00
Bharti Infra 413.00 Colgate Palmolive 1033.00
Power Grid 210.00 JSW Steel 266.00
Relaxo 588.00 Central Bank 82.00
Ujjivan 372.00 KNR Const. 273.00
Tech Mahindra 467.00 LUPIN 1049.00
Hind. Zinc 322.00 TVS Motors 694.00
Maruti 8216.00 Dr. Reddy 2417.00
Syndicate Bank 87.00 IndiGo 1249.00
Financial Weekly

INVESTMENT
Terrific Shots - Dilip K. Shah
Balaji Amines (Rs 513.00)(Code: 530999) :- Maharashtra-based company is active

in Methylamines, Ethylamines, Derivatives and specialty chemicals. It has two plants at Solapur
and one plant at Hyderabad. It supplies various products to pharmaceuticals and agrochemical
industries along with chemicals and FMCG sector. The company's equity is Rs6.5 crore. In the
second quarter, the company's sales increased by 16.88% to Rs201.19 crore, while net profit in-
creased by 39.81% to Rs29.16 crore. The export increased by 44.82% to Rs39.81 crore. Recently
it has invested Rs66 crore in Balaji Specialty Chemicals. The fancy is increasing on counter due to
big investors like Hohnish Pabrai, Porinju Velyath and others.
Gujarat Alkalies (Rs.767.00) (Code:530001) :- Commodity chemical company was
set up in 1973 by Government of Gujarat. It is the biggest manufacturer of caustic soda with capac-
ity of 1087 TPD. It produces Chlorine, Methane, Sodium Cyanide, Sodium Carbonate, hydrogen
peroxide, etc. It has two plants in Vadodara and one plant in Dahej. It manufactures its products in
USA, Europe, Australia, Africa, China and Middle East. It has has promoted joint captive power
plant with Guj. Ind.Power Company Ltd. It also owns 172 mega watt wind farm. The company is
investing in phased manner in Rs960 crore project. In the first half of FY2018, the company wit-
nessed profit of Rs95.36 crore on sales of Rs604 crore and other income of Rs8 crore with EPS of
Rs51.49. The stock may cross Rs1000 level in two-three quarters.
Sagar Cement (Rs.861.00) (Code:502090) :- The company has been manufactur-
ing cement for more than three decades in Andhra Pradesh. In the second quarter, the company's
income from Rs220.83 crore to Rs235.05 crore, while it registered net profit of Rs8.54 crore against
profit of Rs0.04 crore in corresponding period last year. It clocked EPS of Rs4.19 in September
quarter. The company's main market is Andhra Pradesh and Telangana. The formation of new
state has boosted construction activities in both states. The government is focusing on mega infra-
structure projects which may benefit the company. The stock can be bought in phased manner.
Shemaroo Enter (Rs.396.00) (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.
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
Upward movement
may continue in selected stocks
BSE Index (33685.56) :- It is moving upward from bottom of 31081.83. It shows overbought
position on daily, weekly and monthly basis. November 8&10 are gain turning days. On upward
movement, beyond 33735 it may go up to 33875, 33990 and 34100. On the downward movement,
below 33370 it may get support at 33250.
Nifty Future (10486.80) :- It is improving from bottom of 9695. It shows overbought position on
daily, weekly and monthly basis. On upward movement, beyond 10492 it may go up to 10500,
10560, 10600, 10620 and 10650. On the downward movement, below 10410 it may get support at
10350.
Bank Nifty Future (25668.55) :- It is moving upward from bottom of 23886.10. It shows over-
bought position on daily basis, neutral on weekly basis and overbought position on monthly basis.
On upward movement, beyond 25780 it may go up to 25880, 25985 and 26000. On the downward
movement, below 25270 it may get support at 25000.
Allhabad Bank (82.00) :- It is moving upward from bottom of 64.45. It shows towards oversold
position on daily basis, while neutral on weekly and monthly basis. On upward movement, beyond
86 it may witness resisting level at 89 and beyond that it could go up to 92.50 and 100. On the
downward movement, below 77.20 it may go down to 74.80 with panic support at 69.
Glenmark Pharma (626.55) :- It is moving upward from bottom of 594.65. It shows overbought
position on daily basis, neutral on weekly basis and oversold on monthly basis. On upward move-
ment, beyond 655 it may go up to 676 and 690. On the downward movement, below 621 it may get
support at 617.
Godfrey Philips (1025.10) :- It shows sidewave movement from bottom of 950. It shows towards
neutral position on daily basis while neutral on weekly basis and towards oversold on monthly
basis. On upward movement, beyond 1055 it may go up to 1071, 1082, 1089 with resisting level at
1100. On the downward movement, it may get panic support at 1000.
HDIL (59.30) :- It shows slow improvement from bottom of 53.50. It shows overbought to neutral
position on daily basis, while oversold position on weekly and monthly basis. On upward move-
ment, beyond 61 it may go up to 64, 68, 71 and 74. Support could be at 56.
Just Dial (475.65) :- It shows improvement from bottom of 360.10. It shows overbought position
on daily and weekly basis, while neutral position on monthly basis. On upward movement, beyond
492 it may go up to 510 and 535. On the downward movement, support could be at 437.
disclosure : The Recommendations are based on technical analysis. There is a risk of loss in
trading.
-: Golden quote :-
Problems are not stop signs, they are guidelines
Financial Weekly

INVESTMENT
Dilip Davda Best Buy

e-mail Expert’s Eye Empire Ind.,
dilip_davda@rediffmail.com UPL,
Himadri Spl.
Second positive week of SY 2074

Despite range bound movements of indices, we marked a positive week following World Bank's
upgrading of India's "ease of doing business "plans. We witnessed see-saw movements in the
market, second positive week of SY 2074 that brought joy among operators/investors. In a trading
zone movement, we also saw new intraday and closing milestones for both benchmarks. Thanks
to continued support from DIIs who kept buying and absorbing FIIs offloading. What was more,
primary market too geared up to mobilize record funs amounting to Rs. 11000 crore plus. However,
with continues upbeat mood, market is turning overdue for corrections sooner or later. So caution
is needed while trading as we have not seen any amicable solutions to US-North Korea, Indo-Pak-
China imbroglios.
During the fortnight, indices moved in the range of 10461.70-10323.95 and 33733.71-33164.28
for NSE Nifty and S&P BSE Sensex respectively.
Secondary Market :- With firm positive start on Monday indices remained in green zone for the
day to close with gains. While NSE Nifty scored 40.60 points to close at 10363.65, BSE Sensex
gained 108.94 points to end the day at 33266.16. Even when Dollar eased against Rupee and
Crude surged above 60$ a barrel, domestic funds continued buying brought bull under current.
Auto, Pharma, Consumer Durebles counter leads the rally and got support from Mid and Small cap
fancy counters. FIIs were net sellers in cash while DIIs were the net buyers. Atlas Cycle turned ex-
split (2 for 1).
On Tuesday markets opened flat, but with divergent trends and finally ended in red on profit
bookings following weak global trends. NSE Nifty lost 28.35 points to end the day at 10335.30 and
BSE Sensex marked deficit of 53.03 points to close at 33213.13. Market eyed outcome from US
Federal Bank meet and preferred to stay liquid with profit booking at every rise. While Consumer
Durables surged and got support from Realty counters, eased Auto, IT and Metal counters kept
check on surge in indices. FIIs were the net sellers and DIIs were the net buyers for the day.
Opening higher with a gap on Wednesday, indices kept moving northward to mark new mile-
stones for intraday as well as close. NSE Nifty gained 105.20 points to close at 10440.50 and BSE
Sensex scored 387.14 points to end the day at 33600.27. World Bank upgrading India's rank in
"Ease of Doing Business" by 30 ranks at 100th place brought cheer for bull operators and domes-
tic fund houses. All out buying across the board helped indices to mark new all time high intraday
Bonus Announced and closing highs. RIL took the lead for rally and got support from
Money Masters (1 for 4) fancy counters in Metal, Telecom, Realty, Banking etc. FIIs turned
net buyers while DIIs were the net sellers for the day. Mid and
ex-Split Small cap counters too participated in the Bull Run. Scrip turned
ex-bonus included Arfin India (2 for 1) and Infinite Compu (1 for
Atlas Cycle (2 for 1)
26). Shri Jagdamba Poly turned ex-split (10 for 1).
Shri Jagdamba Poly (10 for 1)
On Thursday markets began the session with caution and profit
ex-Bonus booking at every rise amidst range bound movement kept it flat but
in red at the close. NSE Nifty lost 16.70 points to end the day at
Arfin India (2 for 1) and
10423.80 and BSE Sensex marked deficit of mere 27.05 points to
Infinite Compu (1 for 26).
Financial Weekly

INVESTMENT
close at 33573.22. Previous sessions mega gain brought some profit booking and we marked
indices closing in red moving in a narrow range bound trades. While Concumer Durables, Power
and Capital Goods counters surged, profit booking came in for Metal, OMCs Auto and Pharma
counters. However, Mid and Small cap counters continued surge amidst number season. FIIs were
net buyers while DIIs were net sellers for the day. Money Masters announced bonus in the ratio of
1 for 4.
With gap up opening on Friday, indices moved both ways to close in green following short
coverings from weekly traders. NR Nifty gained 28.70 points to close at 10452.50 and BSE Sensex
scored 112.34 points to end the day at 33685.56. On last day of the week, with narrow movements
both side, indices marked yet another new all time intraday and closing highs. While Banking and
Capital Goods counters surged, Telecom, Pharma, Power counters eased. Power Grid lost around
2% despite improved performance for H1 of current fiscal. Rate hike by Bank of England on ex-
pected lines may bring impact on market trends on Monday. FIIs were the net mega sellers for the
day, while DIIs were net buyers with token investment.
For the week, NSE Nifty and BSE Sensex marked net GAINs of 129.45 and 528.34 points re-
spectively. World Bank's upgrade for India in ""Ease of Doing Business"" plans brought cheers for
bulls.
During the week, dividend announcements came in from Jayant Agro (13%), Marico (175%),
ONGC (60%), Dabur India (125%), Info Edge (25%), Symphony (50%), Godrej Consumer (100%),
Hexaware Tech (50%), PPAP (20%), Shiva Tex (16%), Shriram Transport (50%), TCI Exp (50%),
TVS Motors (200%), Shriram City (60%), Sundram Fastners (190%), Transport Corp (30%), Power
Finance (60%), Wall Street Fin. (42.5%) etc.
Rupee firmed up to end the week at Rs. 64.55 a dollar but Crude Oil surged to mark around 61$
a barrel but failed to impact market sentiment. Q2 number season is still on and will keep the
market in stock specific mode for a while. For the ensuing week, market will have on radar eco-
nomic and inflation data. Global events will continue to dominate as usual.
Amidst such a scenario NSE Nifty and BSE Sensex may hover between 10600-10200 and
34000-33000 respectively for the ensuing week.
Reliance Nippon is getting listed at BSE/NSE by Monday (06.11.17). Castrol and Vakrangee
has convened board meets on 07.11.17 and 13.11.17 respectively to consider bonus issue.
Scrip Watch :- Investors may keep following scrip on radar for their investment plans:
Empire Ind (BSE Code: 509525) :- This diversified company is en-
gaged in manufacturing of glass bottles, real estate activities, business support services/ consultancy
and wholesale of meat and fish. It has reported net profit of Rs. 17.93 crore on a turnover of Rs.
193.29 crore for H1 of FY18 against net profit of Rs 14.49 crore on a turnover of Rs. 184.69 crore for
the corresponding previous period. For FY17 it posted net profit of Rs. 33.00 crore on a turnover of
Rs. 406.37 crore. As on 30.09.17 it's paid up equity capital of Rs. 6.00 crore is supported by free
reserves of Rs. 160 crore. Scrip may be considered at declined levels for medium to long term
investment. It currently quotes around Rs. 2138.85 against 52 week High/Low of Rs. 2480/1552,
FV Rs.10.
UPL (BSE Code: 512070) :- This agrochemical sector company (erstwhile
known as United Phosphorous Ltd.) has (on a consolidated basis) posted net profit of Rs. 788.00
crore on a turnover of Rs. 7621.00 crore for H1 of FY18 against net profit of Rs. 559.00 crore on a
turnover of Rs. 7302.00 crore for the corresponding previous period. For FY 17 it earned net profit
of Rs. 1752.00 crore on a turnover of Rs. 16680.00 crore. As on 30.09.17 it's paid up capital of Rs.
102.00 crore is supported by free reserves of Rs. 8000 cr. Scrip may be considered at declined
levels for medium to long term investment. It currently quotes around Rs. 776.50 against 52 week
High/Low of Rs. 902/584, FV Rs. 2.
Financial Weekly

INVESTMENT
Himadri Spl (BSE Code: 500184) :- This specialty chemical sector

company has posted net profit of Rs. 229.55 crore on a turnover of Rs. 973.75 crore for H1 of FY18
against net profit of Rs. 72.28 crore on a turnover of Rs. 668.54 crore for the corresponding previ-
ous period. For FY17 it posted net profit of Rs. 137.84 crore on a turnover of Rs. 1479.15 crore. As
on 30.09.17 it's paid up equity capital of Rs. 41.84 crore is supported by free reserves of Rs. 1260
crore plus. Scrip may be considered for medium to long term investment. It currently quotes around
Rs. 169.75 against 52 week High/Low of Rs. 178/33, FV Re. 1.
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 REGISTERED RESEARCH ANALYST) (Email:
dilip_davda@rediffmail.com )
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
L & T Fin. Hol. 533519 198.00 Hester Bio 524669 1204.00
SCI 523598 108.00 Guj. Alkalies 530001 767.00
Sail 500113 86.00 Interasoft 533181 574.00
Amtek Auto 520077 29.00 Balaji Amines 530999 513.00
Spice Jet 500285 150.00 Bharat Forge 500493 705.00
Jain Irrigation 500219 109.00 Excel Crop. 532511 2015.00
Super House 523283 206.00 Camphor & Al. 500078 1003.00
Adani Ports 532921 434.00 Guj. Gas 539336 959.00
DCM Shriram 523367 537.00 Nestle 500790 7408.00
Carborundum U. 513375 365.00 L&T 500510 1235.00
Vedanta 500295 338.00 Shankara Build 540425 1500.00
Indian Bank 532814 347.00 Minda Ind. 532539 906.00
Apar Ind. 532259 754.00 BATA (India) 500043 812.00
Financial Weekly

INVESTMENT
Scrip Watch - Dilip K. Shah
Tata Steel (Rs. 708.00) (Code : 500470) (F. V. : 10.00) :- Tata Steel, last week,
posted a consolidated net profit of Rs 1,018 crore for the quarter ended September 30, 2017. The
company had reported a consolidated net loss of Rs 49.38 crore in the July-September quarter a
year ago. Total income during the second quarter increased to Rs 32,717.35 crore as against Rs
27,228.50 crore in the year-ago period. During July-September 2017, total expenses of the com-
pany were also higher at Rs 30,566.68 crore as compared to Rs 26,866.49 crore a year ago. In
September, Tata Steel and Thyssenkrupp announced plans to merge their European steelmaking
operations. The JV would have 42,000 employees. Tisco has made its investors happy by giving
more than 70 per cent return in last one year. Next one year will also be like last one and the stock
will outperform the market. Buy. Buy more at decline.
Hero Moto Corp. (Rs. 3690.00) (Code : 500182) (F. V. : 2.00) :- The country’s
largest two-wheeler company Hero MotoCorp has reported a marginal rise in its standalone net
profit to Rs.1010 crore for the second quarter ended September compared with Rs.1004 crore in
the corresponding period last year. However, total income fell to Rs.8479 crore during the July-
September quarter as against Rs.8601 crore. The company said it has recorded highest ever sales
in a quarter by selling 20,22,805 units during the period, up 11 per cent as compared with 18,23,498
units in the July-September quarter last year. Going forward, it sees H2 demand For 2-wheelers to
remain strong. Particularly, rural demand will increase as monsoon was much better this year.
Hero MotoCorp is one of the preferreds pick in the two wheeler sector for most of the broking
houses.
Bharti Airtel (Rs. 541.00) (Code : 532454) (F. V. : 5.00) :- Country's largest
telecom operator Bharti Airtel's share price touched a fresh 10-year high on Wednesday, rising
nearly 8 percent intraday after the stellar Africa business performance in September quarter. The
rally was also fuelled by hope of early sale of tower business. The stock has rallied 28 percent in
October, after acquisition of consumer telecom business from Tata Teleservices and on hope of
stabilisation in tariff rates. Bharti Airtel's Africa business recorded a 7.2 percent growth quarter-on-
quarter at Rs 5,203 crore. Even at operational level, numbers were strong as EBITDA (earnings
before interest, tax, depreciation and amortisation) surged 23.7 percent sequentially to Rs 1,684.1
crore with whopping margin expansion of 430 basis points at 32.3 percent in Q2. Bharti will con-
solidate for some time and then again will move forward. Accumulate.
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
Dalmia Bharat (Rs. 3052.00) (Code : 533309) (F. V. : 2.00) :- Dalmia Bharat
Ltd (DBL) is the fourth largest cement company in India with a capacity of 25MT as on FY17,
focusing in South with 12.1MT and East & North-East with 12.9MT. DBL is amongst the best cost
efficient players with EBITDA/Ton of Rs1,243 in FY17. India's cement demand & supply gap is
likely to narrow due to enhanced government spending in housing & infra and slowdown in new
capacities. DBL has expanded its capacity by 20 times within a decade to 25MT. Now the focus is
on asset sweating and deleveraging. DBL has increased its market share from 8% in FY14 to 11%
in FY17, its volume has grown at 23.2% CAGR Vs 4.1% of industry over last 5 years. The capacity
utilisation has stabilized to 61% in FY17, it is anticipated to increase to 64% and 71% by FY18E
and FY19E respectively. Dalmia is expected to grow at 14% CAGR as far as revenue is concerened.
Its margins are expected to improve by 70bps over FY17-19E, leading to 55% CAGR in net profit.
It will declare results next week on 7th November, which are expected to be better. Buy. Buy more
at decline.
Dabur India (Rs. 340.00) (Code : 500096) (F. V. : 1.00) :- Dabur India, one of
the world’s biggest manufacturers of natural FMCG products, reported a slight revenue decline for
the second quarter, but net profit rose marginally. Dabur’s Sept quarter revenue was hit by a steep
appreciation in the currencies of several of the countries where the company sells its products.
Adjusted for currency and tax factors, revenue actually increased 8% on year. Q2 consolidated
revenue came in at Rs 1,958.9 Crore as against Rs 1,981.6 Crore a year earlier. Consolidated Net
Profit for the second quarter stood at Rs 361.9 Crore as against Rs 357.3 Crore a year earlier.
However, adjusted for GST and currency translation, the Comparable Consolidated Net Profit
marked a 7.2% growth during the quarter while the Comparable Standalone Net Profit also re-
ported a 7.2% growth. With consumer demand for nature and Ayurveda-based products on the
rise, Dabur’s positioning as the ‘Science-based Ayurveda’ specialist will pave the way for future
growth. The Foods business ended the second quarter with around 12% growth and its Digestives
segment reported a nearly 12% growth in Q2.
Tata Communication (Rs. 689.00) (Code : 500483) (F. V. : 10.00) :- Tata
Communications Ltd is set to invest about USD 100 million in the Internet of Things (IoT), a digital
space the company is betting big on in the next few years. The company has already rolled out its
dedicated IoT network in 38 cites across the country, along with a platform to manage the services
that supports very low power consumption. Tata Communications will also expand its LoRa net-
work in India by 2018, he said.LoRa network is a low-power wide-area network (LPWAN), a pow-
erful tool for mapping smart city applications and urban planning at a low bit rate. Tata Communi-
cations is the fifth largest global internet backbone service provider with close to 28 per cent of the
traffic routes travelling through the Tata Communications’ network.Meanwhile, Tata Communica-
tions has registered consolidated loss of Rs250 crore in the September quarter of 2017-18, be-
cause of its investment in sister concern Tata Teleservices.It made additional provision of Rs186
crore and another one-time exceptional provisions of Rs.27 crore. The stock is worth accumula-
tion.
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
L&T Finance Holdings (Rs. 198.00) (Code: 533519) :- Shares of this A group
listed NBFC have face-value of Rs. 10. The shares touched a 52-week high of Rs. 213 and low of
Rs. 81. The company mainly offers finance for retail and corporate, infrastructure, and is also present
in mutual funds and other financial services. The company had entered the stock markets in 2015.
Its total assets are in excess of Rs. 50,000 crores. The company has adopted a strategy to exit non-
core businesses and is focusing more on select products. For September 2017 quarter, it reported
income of Rs. 2,384 crores, and net profit of Rs. 362.47 crores. The stock is trading near the 52-
week high at present, but can be seen touching newer highs in the short term, and trade in the Rs.
240-250 range in the medium to long term.
Jain Irrigation (Rs. 109.00) (Code: 500219) :- The shares of this A group listed
company have face-value of Rs. 2. The share touched a high of Rs. 119 and low of Rs. 79 in the
last 52 weeks. The company is engaged in production of mango pulp, puree and dehydrated on-
ions. It is also a leading player in manufacturing pipes for micro irrigation systems such as sprin-
klers. It also makes PVC and poly carbonate sheets and pipes. The company is benefiting from a
good monsoon, and the government's focus on agriculture sector. Promoter holding in the com-
pany is 28.46%. For the June 2017 quarter, it reported consolidated income of Rs. 1,681 crores,
and net profit of Rs. 46.42 crores. The stock can be bought in anticipation of strong September
quarter results.
Adani Ports (Rs. 434.00) (Code: 532921) :- Adani Ports and SEZ is the largest
private port developer in the country. Its shares are listed in the A Group and have face value of Rs.
2. The shares touched a 52-week high of Rs. 440 and low of Rs. 246. It has ports in several states
but the one in Mundra is the largest. It is the largest company in the Adani Group in terms of market
valuation. The company gave good guidance while announcing the March quarter results. It is also
benefiting tremendously from the investments the government is making in ports and shipping
sector. For the June 2017 quarter, Adani Ports reported consolidated income of Rs. 2,754 crores,
and net profit of Rs. 705.58 crores. The stock is trading at a PE multiple of just 26, and is attractively
valued.
Meghmani Organics (Rs. 121.00) (Code: 532865) :- Shares of this B Group listed
specialty chemicals company have face value of Re. 1. The shares touched a high of Rs. 122 and
low of Rs. 34 in the last 52 weeks. For the June 2017 quarter, Meghmani reported 17% rise in
consolidated income at Rs. 421 crores, while profit was Rs. 43.33 crores. A top global producer of
colour pigments, Meghmani has plants in Bharuch-Dahej. It also produces agrochemicals and
basic chemicals. The company is increasing its caustic soda production capacity by 50% to 240
TPD, and power plant capacity from 60 MW to 90 MW. It has invested Rs. 560 crores in the past
three years, and is planning capex of Rs. 540 crores over the next 2 - 3 years. It has strong pres-
ence in domestic as well as international markets. Its products are sold in dozens of countries.
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 3rd November 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
GE T&D India (Rs.408.00) (Code: 522275) :- The power transmission company was
earlier known as Alstom T&D. The company manufactures equipment like gas insulated switched
gears, instrument transformers, protection relays, power system automation equipment, power trans-
former circuit breakers, etc. It has eight units and 3500 employees. As against equity of Rs51.21
crore it has reserves of Rs1282.17 crore. In September quarter, the company's income increased
from Rs878.7 crore to Rs869.95 crore, while profit increased from Rs20.52 crore to Rs47.52 crore
with EPS of Rs1.86. The company's fundamentals are strong and with recovery in economy the
company's performance will also improve. It can be bought with long term view on downward
movement.
Hester Bio (Rs.1204.00) (Code: 534669) :- As against equity of Rs8.51 crore, the
company has reserves of Rs111.11 crore. In June quarter, the company's income decreased from
Rs30.13 crore to Rs29.04 crore, while profit increased from Rs6 crore to Rs6.18 crore with EPS of
Rs7.23. It is one of the leading animal healthcare companies of India. It has presence in poultry,
vaccine, large animal vaccine, poultry health products and large animal health product segments.
It has a plant near Ahmedabad. Its product portfolio consists of more than 50 vaccine and more
than 35 health products. The poultry stock has been in limelight for some time, so this stock may
witness spark.
DCM Shriram (Rs537.00) (Code:523367) :- The company is active in agri rural busi-
ness, urea, sugar, farm solutions, hybrid seeds, Hariyali Kisan Bazaar Cement, PVC component,
PVC raisin, calcium carbide, etc. It has a diversified product portfolio. The company may witness
robust growth in FY2018. In June quarter, the company's income increased from Rs1441.61 crore
to Rs1945.96 crore, while profit increased from Rs167.18 crore to Rs233.47 crore with EPS of
Rs14.37. The company paid 160% dividend in 2016 and 250% interim and 40% final dividend in
2017. The stock with strong support of promoters can be bought in phased manner. It is moving
towards Rs600 level.
Maharashtra Seamless (Rs.497.00) (Code: 500265) :- D.P.Jindal Group's flag-
ship company was incorporated in 1988 and it came up with IPO in 1991. It manufactures different
types of pipes along with green power capability. The company's equity is Rs33.50 crore in which
the promoters hold 59.84% and public hold 40.16% stake. In the first quarter of 2018, the company's
income increased from Rs288.41 crore to Rs450.29 crore, while profit increased from Rs23.90
crore to Rs37.25 crore with EPS of Rs5.56. The company manufactures saw pipes and the sector
is expected to generate huge orders, so the market leader Maharashtra Seamless is likely to ben-
efit the most. In 2017 it gave 100% dividend. The investment in the stock can be beneficial.
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
Di wan-E-Khas A.J. Diwan (Mumbai)

E-mail : divanconsultancy@rediffmail.com
All round bullish trends in the world

There is all round up trends in the world markets. Us markets are also on pick.dow has
also closed all time high on Thursday. NASDAQ also on high closing. Last week NASDAQ
went up by 144 points on a signal day. In us now Korea and a tank attack has become past.
U.K. has increased rate now us may follow in December. In India after Diwali we have around
700 points rally. First it was huge package given by the government and it was followed by
"ease of business" as per World Bank. Ease of business should be followed by actual busi-
ness But market took it positive. On last Wednesday and Thursday we have slight correction
in the Market. It was more or less consolidation. But our observation is that market is finding
difficult to sustain at the higher levels.fis are now buying but DIIs are selling. On Thursday
nifty was closed lower compared to its opening level. This was a bad sign any day if closing
is lower than opening next day we will find some correction.
Its Shares ; The major Infosys, Wipro has terminated serve of over 4000 employees is not
good for leading Companies. We may see some correction in it leaders. in Diwali issue we
had recommended Hexaware.The company has come out with extra ordinary results and
share price jumped over Rs.35. We feel that on any decline it is good investments. If share
price close above Rs 325 we may see further upside. In Pharma shares there is buying but
sun Pharma is not able to sustain at higher level. There is Rs 10/15 volatility in price. On
such rise it good short and vice versa. Reliance volatility has come down. It is good above
Rs.925. ICICI Bank is good above Rs.310 and upper side limit is rs.325.tata steel is good buy
on decline.jsw has resistance at Rs.272. Nifty support is at 10400 and index at 33550.
Financial Weekly
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Financial Weekly

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

has strong support around 10403- last 12 Months (Feb-17 to Oct-17)…
10380 levels. Break will take it to Stocks Rec. High (%)
Rate After
10310 levels. On the upper side Recco.
NIFTY will face strong hurdle at GOA CARBON 140.45 828.8 490%
FMNL 40.35 199.75 395%
10500 levels, cross over with vol- TALBROS ENG 251 824 228%
ume and close above will create SORIL HOLDING 33.55 109.75 227%
BHARAT SEATS 64.65 210.9 226%
short covering at take NIFTY up to NATH BIO 148 459 210%
10560-10600 levels… SAKUMA EXPORTS 70 217 210%
ABC BEARINGS 150 450 200%
BANK NIFTY :- For next week FRONTIER SPRING 72 213 196%
MEGHMANI 44.4 123.5 178%
BANK NIFTY has strong support AKAR TOOLS 45.75 123 169%
around 25485 levels. Break will take KOLTEPATIL 102.5 271.5 165%
HISAR METAL 50 129.65 159%
it to 25395-25230levels. On the EON ELECTRIC 59 137.5 133%
upper side BANK NIFTY will face INDIA GLYCOL 181.6 412.1 127%
ONWARD TECHNO 75 169.9 127%
strong hurdle at 25800 levels, cross MUKAND LTD 49.35 109.35 122%
over with volume and close above LKP FINANCE 80.45 170 111%
SHILP GRAVURES 85.3 180 111%
will create short covering at take FRESHTROP FRUIT 104 218 110%
BANK NIFTY up to 26000 levels… HILTON METAL 26 54 108%
BNK CAPITAL 67.4 137.95 105%
To get free information for trading, invest- SREE RAYALASEEMA 30.3 59.8 97%
PIX TRANS 82 160 95%
ment, IPO, SME IPO join with my telegram ID JMC PROJECT 246.45 472.5 92%
"TELEGRAM.ME/RUPEEGAINS7". Also in- DIAMINES & CHEM 56 106.45 90%
GRAUER & WEIL 40 72 80%
form your friends/relatives who are interested AGRITECH 82.8 149 80%
in stock market & want to create wealth from BALASORE ALLOYS 56 99.8 78%
PUDUMJEE PAPER 19.2 34.2 78%
stock market to join my telegram id ROYAL ORCHIED 86 152.85 78%
"TELEGRAM.ME/RUPEEGAINS7". For that in MUNJAL AUTO 54.5 94.1 73%
GTN TEXTILE 17.4 30 72%
your mobile download app TELEGRAM & then AJMERA REALTY 177.2 297.8 68%
MANGALORE CHEM 50.5 84.4 67%
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RDB RASAYAN 47 68 45%
9638322864. INDO AMINES 77.2 108.5 41%
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VINYL CHEM 70.75 97 37%
GUJ SIDDHI CEM 30.1 41 36%
Cont....
Financial Weekly

INVESTMENT
SHORT TERM to MEDIUM TERM INVESTMENT IDEAS…

Mindteck (INDIA) LTD (517344 & NSE) (83) (Face Value Rs.10) :- Incorpo-
rated in 1991, Bengaluru based Mindteck (India) Limited provides product engineering and infor-
mation technology (IT) services in the United Stated, Europe, India, and internationally.Stock has
shown strong positive break out on weekly chart with good volumes. Buy for short term trade with
strict stop loss of Rs.81. On higher side, it could zoom up to Rs.87-89 levels.
Lactose (India) (524202) (164.4) (Face Value Rs.10) :- Lactose (India) Limited
manufactures and trades in pharmaceutical products in India. The company offers lactose mono-
hydrate; dry granulated, film, and lacquer coated tablets; and pharmaceutical products in liquid
dose forms. It also provides disaccharide lactulose, an active pharmaceutical 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-oligosaccha-
rides, 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 adolescents. 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.155. On the upper side stock could zoom to Rs.200-210
levels in short term…
Orient Cement LTD (535754 & NSE) (175) (Face Value Re.1) :- C K Birla
group's Orient Cement is a leading cement company in India. Company has posted fantastic turn
around numbers for H1FY18. For H1FY18, it has reported net profit of Rs.49.07crore against loss
of Rs.36.95crore on 24.15% higher income of Rs.1179.57crore fetching an EPS of Rs.2.40. Mutual
Funds, Insurance companies and RakeshJhunjhuwala holding huge stake in this company. Stock
is looking good for medium term investment. Investors can watch this stock with a stop loss of
Rs.164. On the upper side stock could zoom to Rs.200-205 levels in medium term…
W H Brady (501391) (270.2) (Face Value Rs.10) :- We had recommended many
times in last 1 month between Rs.226 to Rs.255. Last week it zoomed to Rs.288.80 levels. Still
stock is looking explosive on chart and expect zoom up to Rs.300-310 levels in short term…
Pressman Advt. (509077 & NSE) (64) (Face Value Rs.2) :- Incorporated in
1983, Kolkata based Pressman Advertising Ltd. operates as an advertising agency. The company
specializes in media planning and buying, design, digital, and public relations. It offers corporate,
brand/product, financial, and government advertising services. The company also provides public
relations consultancy services, such as corporate communications, marketing communications,
financial communications, media relations, analyst relations, crisis communications, and digital
communications. It has an equity base of just Rs.4.70crore that is supported by reserves of around
Rs.25.93crore. It is debt free company. The Promoters hold 47.49% while the investing public
holds 52.81% stake in the company. For Q2FY18, PAT jumped 54% to Rs.1.88crore from
Rs.1.22crore in Q2FY17 on higher income of Rs.12.07crore fetching an EPS of Rs.0.80. During
H1FY18, PAT rose 43% to Rs.4.09crore from Rs.2.86crore in H1FY17 on income of Rs.22.35crore
fetching an EPS of Rs.1.74. PAL is a regular dividend paying company and it has paid 65%
dividend for FY17. Currently, the stock trades at a P/E of 19. Its PAT has grown 19.3% CAGR in
last 3 years so PEG ratio is 1 which is comfortable in this bull market. SINCLAIRS HOTELS LTD is
a group company of PRESSMAN ADVERTISING LTD and it is trading around Rs.365 levels.
Based on its performance parameters, the PAL stock looks quite attractive at the current level.
Investors can buy this stock with a stop loss of Rs.57. On the upper side, it could zoom to Rs.85-90
levels in the medium term…
Financial Weekly

INVESTMENT
Tanla Solutions (532790 & NSE) (32) (Face Value Re.1) :- Founded in the year
1999, TANLA is the largest provider of A2P messaging servicesworldwide measured by volume of
messages processed. ItsFastrackplatform is used by enterprises of all sizesincluding social me-
dia, banks, e-commerce, and logistics service providers to deliver mission critical messages
andcommunicate with their customers. TSL has an equity capital of just Rs.10.75crore supported
by reserves of Rs.645.55crore. The promoters hold 30.08% of the equitycapital, which leaves 69.92%
stake with the investing public. TSL's share book value works out to Rs.58.42 and P/BV ratio is
below 0.60x which is attractive. For FY17,PAT soared 243.49% to Rs.40.91crore from Rs.11.91crore
in FY16 on 34.23% higher income of Rs.579.30crore fetching an EPS of Rs.3.81. It has posted
unbelievable turn-around performance in last 6 years. It has reported loss of Rs.157.38crore in
FY12, loss of Rs.147.49crore in FY13, loss of Rs.19.83crore in FY14, Profit of Rs.2.59crore in
FY15, profit of Rs.11.91crore in FY16 and profit of Rs.40.91crore in FY17. During Q2FY18,
standalone PATskyrocketed 351% to Rs.6.63crore from Rs.1.47crore on 54.66%higher income of
Rs.167.36crore. For H1FY18, its top-line grew 64.73% to Rs.383.69crore from Rs.232.91crore in
H1FY17 while PAT grew 39.68% to Rs.19.22crore from Rs.13.76crore in H1FY17 on consoli-
dated basis. At the CMP of Rs.32, the stock trades at a P/E of 7.6x on its EPS (TTM) of Rs.4.23.It
paid 25% dividend for FY17. Its all-time high rate was Rs.425. The stock looks quite attractive at
the current level based on its lower valuation. Investors can buy this stock with a stop loss of
Rs.29.5. On the upper side, it could zoom to Rs.40-42 levelsin the 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.
Nifty & Sensex Movement during the last week

NSE - Nifty Open High Low Close Diff
30-Oct-17 10353.85 10384.5 10344.3 10363.65 40.6
31-Oct-17 10364.9 10367.7 10323.95 10335.3 -28.35
01-Nov-17 10390.35 10451.65 10383.05 10440.5 105.2
02-Nov-17 10440.5 10453 10412.55 10423.8 -16.7
03-Nov-17 10461.55 10461.7 10403.6 10452.5 28.7
Net Weekly Gains 129.45
S&P BSE Open High Low Close Diff
30/10/17 33,260.10 33,340.17 33,206.93 33,266.16 108.94
31/10/17 33,254.93 33,294.30 33,164.28 33,213.13 -53.03
01/11/17 33,344.23 33,651.52 33,340.62 33,600.27 387.14
02/11/17 33,615.84 33,657.57 33,527.00 33,573.22 -27.05
03/11/17 33,667.34 33,733.71 33,531.94 33,685.56 112.34
Net Weekly Gains 528.34
Financial Weekly

INVESTMENT
Soham Finstock
FOCUS ON FERTILISER,IRRIGATION
AND PHARMA SECTOR STOCKS
We recommended 7 star stocks in diwali edition of Smart Investment and Smart Bonanza dated
30/10/2017.The performance of the scripts given in our earlier articles are:Ashok Leyland (Rs110
to 124), SPARC (Rs 380 to 423) GVK Power (Rs 11 to 17.90), GSFC (Rs 154 to 160), Edelweiss
(Rs 270 to 309). We received enormous calls,whatsapp messages and mails from the Soham
Finstock readers expressing their gladness.They enjoyed the ride of 7 star stocks for phenomenal
gain in very short time.
What does Astro View and Tarot Card Indicate
As per astro view and tarot card,focus on 2 scripts:
Company Name Code No CMP SL Target

SUN PHARMA 524715/NSE 552 535 575 / 585 /600
IOLCP 524164/NSE 67 62 75 / 80 / 85
FLASH
In such a volatile market with least risk and for maximum gain,focus on
1) HINDALCO Call (Strike Price:290@Rs2.70;Lot Size:3500;SL:1.80;Tgt:5/7/9) and hold
till month ending.Risk is Rs.3500 and time will tell the return that this script is capable of
giving.
2) SUNPHARMA Call (Strike Price:580@Rs16 to 18;Lot Size:800;SL:4)Risk is
Rs.3200.Time alone will tell the stunning return that this script can give.
Financial Weekly

INVESTMENT
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Financial Weekly

INVESTMENT
Primary Market - Dilip K. Shah
The floods of IPO are fanning out since starting of October

This week two Main Board IPOs - Khadim and HDFC Life and NSE SME Issue of ANI Intergrated are in the market
Khadim (I) issue with price band of Rs.745-750 got 0.45 times subscription on the first day: will close on November 6
HDFC Life's issue with offer price of Rs275-290 to raise Rs8700 crore will open on November 7
Mah.Logistics's issue got 7.90 times subscription: Got 15.60 times subscription in QIB and 6.10 times in retail category
New India Ass' issue sail through but with difficulties: Had LIC not made bid worth Rs900 it could have been a flop show
ANI Integrated's NSE SME IPO of Rs25 crore with fixed price of Rs100 will open on Nov.8 and close on Nov.10
Bharat-22's Rs8000 crore ETF IPO will open on Nov.15: 3% discount in all categories
All eyes on Listing of Reliance Nippon on Nov.6 and Mah.Logistics on Nov.10
ANI Integrated NSE IPO has strong fundamentals, attractive valuation so may witness fancy
Sheetal Cool's BSE SME IPO got listed with 20% upper circuit
SecUR Credential's NSE SME IPO got 3.383 times subscription on the last day
Sebi sought clarification from Lemon Tree Hotels, CMS Infra and other eight companies
The IPO flooding in the primary market that began with starting of October has been losing
its pace and seems to be in the last phase. Khadim india issue is also closing on November
6. Now only HDFC Life will be in the market, which is entering on November 9.
Along with mainboard issues, SME issues are also losing their pace. Last week, SecUR
Credential issue entered into the market but it has closed on Nov.3 after getting fully sub-
scribed. ANI Integrated's issue is entering into the market on Nov.8 and will close on Nov.11.
Bharat-22 Exchange Traded Fund (ETF) is entering into the market to raise Rs8000 crore.
It has offered 3% discount in all categories. It will allot 35% shares to retail investors. It has
included ONGC, IOC, SBI, BPCL, Coal India, Nalco and many other companies in which the
government owns considerable stake. More details are given in separate box.
SUBSCRIPTION FIGURE OF
NSE SME IPO * This week's Mainboard issues:-
SecUR Credentials • Khadim India :- The issue with offer price of Rs745-750 opened
1st Day Subscribed 0.20x
2nd Day Subscribed 0.80x on November 2. The company plans to raise Rs543 crore. More
3rd Day (Final Day) 3.83x
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. 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
2. HDFC 7-11-17 OFS : 29,98,27,818 Eq. Share 275 to 290 50 Shares 300 Shares 650Shares BSE CLSA India, 40 %
Standard to (Rs. 8695.01 Cr.) (Rs. 14500) (Rs. 87000) (Rs. 188500) NSE Credit Suisse Apply
Life 9-11-17 Edel., Haitong for
Insurance HDFC, IDFC, IIFL, Mid to Long
(Book Building) Morgan, Nomura Term
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. ANI 8-11-2017 25,65,600 Eq. 100 1200 Shares
38 %
Integrated 10-11-2017 (Rs. 25.65 Cr.) (Rs. 1,20,000) Listing Gain
details were published last week. The Forth Coming NFO (New Fund Offer)
Fund Name Offer Issue Open / Close Fund Type
issue can be considered for long term Price
Axis Multicap Fund 10 30-10 to 3-11-17 Open Ended
as listing gain is hardly possible. Bharat 22 ETF 10 15-11 to 17-11-17 Exchange Traded Fund
HDFC Hsg. Opp. Fund 10 15-11 to 30-11-17 Close End
Subscription :- The issue has got 0.14
times subscription on the first day. On
Second day it has got 0.45 times sub-
Grey Market Premium
IPOs Offer Price Premium Kostak Price Subject to Sauda
scription including 0.09 times in QIB, 0.03 Name (Rs.) (Rs.) Min.Appl.(Rs.) (Confirm) (Rs.)
times in HNI, 0.84 times in retail. It may

Main LIne IPOs
Rel. Nippon 247 to 252 40 to 42 -- 3000
get 3-4 times subscription in retail cat- Mah. Log. 425 to 429 18 to 20 150 800
(Seller)
egory. The fund unblocking, refund and
New (I) Ass. 770 to 800 Seller
deposit of shares may be on November Khadim 745 to 750 15 to 16 350
(Seller) (Limited Buy)
13.
HDFC St. 275 to 290 13 to 14 650
Listing :- the issue may get listed on (Rs. 2 Lakh Application Kostak Price Rs. 2200)
November 14 around Rs765 and 775 and NSE SME IPOs
ANI Inte. 100 -- 1200 13,000
may cross Rs800.
Do not subscribe for IPO by just seeing premium price as it may change anytime
• HDFC Life :- The issue with price before listing : Subscribe only considering fundamental of the Companies
For latest grey market premium please check everyday
band of Rs275-290 is opening on Novem- www.smartinvestment.in
ber 7 and closing on November 9 to raise Rs8695 crore. The fundamentals are strong and the
valuation also seems reasonable. But due to poor listing of insurance companies in recent
time has raised the concerns. More details are given in the separate box.
Subscription :- The issue may get good response in QIB category and around 1.5 to 2
times in retail. HNI segment may witness lukewarm response.
Allotment/Refund :- Allotment may be on November 14, refund on November 15 and
share deposit on November 16.
Listing :- It may get listed on November 17 around Rs300 - 320 and may touch Rs325 on
good market sentiments. It may give good return in medium to long term.
All eyes on listing of Reliance Nippon, Mahindra Logistics, New India Assurance:-
• Reliance Nippon :- The issue with price band of Rs247-252 will get listed on November
6 around Rs290-295 and may cross Rs310-315 if the market supports. It is better to book
profit on every spurt in the stock prices.
• Mahindra Logistics :- The issue with price band of Rs425-429 got 7.90 times subscrip-
tion as on November 2.
Financial Weekly

INVESTMENT
Tentative Timetable for Current IPO’s
Subscription :- It has got 15.60 Tentative Reliance Mahindra New India Khadim HDFC
times subscription in QIB, 2.07 Nippon Logistics Assurance India Standard
Issue Closes 27-10-17 2-11-17 3-11-17 6-11-17 9-11-17
times in HNI and 6.10 times in re- Finalisation of Basis of Allotment 1-11-17 8-11-17 8-11-17 10-11-17 14-11-17
Refund / Unblocking of Fund from ASBA 3-11-17 9-11-17 9-11-17 13-11-17 15-11-17
tail category. Credit of Eq. Shares to Demat A/c. 3-11-17 9-11-17 10-11-17 13-11-17 16-11-17
Listing on BSE / NSE 6-11-17 10-11-17 13-11-17 14-11-17 17-11-17
Allotment/Refund :- The allot-
ment may take place on November 8,
'Bharat 22' ETF to hit market on Nov. 15
fund may be unblocked on November 9 Issue Date : 15-11-2017 to 17-11-2017 (Anchor INvestors : 14-11-2017)
Retail Discount : 3% • Min. Fund Offer Size : Rs. 10 Cr.
and shares will be deposited on Novem- • Maximum Issue Size : Rs. 8000 Cr + Additional Amount
Allocation : Retail (35%), Anchor (25%), EPFOO (25%), Others (25%)
ber 9. In retail category out of every five
Companies
applicants only one will get 34 shares. The 'Bharat 22' Exchange Traded Fund comprising 22 scrips of public
sector units, banks and other entities to hit the market on Nov. 15,
Listing :- The issue may get listed on ITC 15.2 % Bharat Petroleum4.4% NHPC 1.2%
State Bank of (I) 8.6 % NALCO 4.4% Power Finance 1%
November 10 around Rs450-475 and may Power Grid 7.9% Coal India 3.3% NBCC 0.6%
Axis Bank 7.7% Bharat Electronics3.3% NLC India 0.3%
cross Rs480-500 with support of mar- NTPC 6.7% Engineers India 1.5% Indian Bank 0.2%
ONGC 5.3% Bank of Baroda 1.4% SJVN 0.2%
ket. It may give good return in medium Indian Oil Corp. 4.4% REC 1.3%
term.
* The New India Assurance :- The issue with price band of Rs770-800 has not received
good response from the market.
Subscription :- It has got 2.34 times subscription in QIB, 0.12 times in HNI, 0.11 times in
retail and 0.21 times in retail category.
Allotment/Refund :- Allotment may be on November 8, fund unblocking through ASBA on
November 9, share deposit in demate account on November 10. As it has got only 0.11 times
subscription in retail category, full and firm allotment will take place.
Subscription Figures of Listing :- the issue may get listed below offer price
Mahindra Logistics IPO and may fall further.
No. Shares Issue Subscribed According to the market reports LIC made a bid of
Offered/ 31-10 1-11 2-11
Reserved 2017 2017 2017 Rs8500-9500 crore bid on the first day. However, FIIs
QIB 38,41,469 0.35x 0.76x 15.60x kept distance and the issue didn't receive any bid in this
NII 28,81,102 0.03x 0.10x 2.07x
Retail 67,22,572 0.76x 2.17x 6.10x segment. It should be noted that in GIC issue also LIC
Emp. 1,25,000 0.29x 0.92x 1.94x had made a bid of Rs8000 crore. Had not LIC made a bid
Total 1,35,70,143 0.48x 1.32x 7.90x
in the issue, it could have gone flop.
Subscription Figures of
* SME Issues :- During the week, SecUR Credential's
The New India Assurance
No. Shares Issue Subscribed SME issue has sailed through, while ANI Integrated has
Offered/ 1-11 2-11 3-11 been hitting the market. Earlier Shital Cool Products got
Reserved 2017 2017 2017
QIB 5,82,00,000 2.13x 2.16x 2.34x listed with premium of 20%.
NII 1,74,60,000 0.02x 0.04x 0.12x SecUR Credential :- The issue got 0.20 times sub-
Retail 4,07,40,000 0.02x 0.05x 0.11x
Emp. 36,00,000 0.03x 0.08x 0.21x scription on first day, 0.80 times on second day and got
Total 12,00,00,000 1.04x 1.07x 1.19x
Financial Weekly

INVESTMENT
3.383 times on third day. The company planned to raise Rs30 crore through offering shares
at price of Rs205.
ANI Integrated NSE SME IPO :- The issue with fixed price of Rs100 will open on Novem-
ber 8 and close on November 10. The company will raise Rs25.65 crore. More details are
given in separate box.
Sheetal Cool Products :- It got listed with 20% premium at Rs96 and went up to Rs96 and
down to Rs80.50before closing at Rs86.60. On Friday, it closed at Rs90.
* Insight into upcoming public isues:-
Bharat-22 ETF issue is hitting the market. More details are given in separate box.
HDFC St. Life Insurance Sebi sought clarification from 10

Retailers may apply
Shares Amt. Shares Amt. Khadim India Ltd. companies :- Sebi has sought clarifi-
50 14,500 350 1,01,500
100 29,000 400 1,16,000 Retailers may apply cation from Lemon Tree Hotels, CMS
150 43,500 450 1,30,500 Shares Amt. Shares Amt.
200 58,000 500 1,45,000 20 15,000 140 1,05,000 Infra, SME Solar, H.G.Infra, Engg.Apollo
250 72,500 550 1,59,500 40 30,000 160 1,20,000
300 87,000 600 1,74,000 60 45,000 180 1,35,000 Micro Systems, Price Pipe Fitting, New
650 1,88,500 80 60,000 200 1,50,000
100 75,000 220 1,65,000 Gen.Soft, Seven Iceland and Ambar En-
Listing Information of 120 90,000 240 1,80,000
260 1,95,000 terprise.
Sheetal Cool
Subscription Figures of
BSE SME IPOs
Khadim India
BSE Code 540757
No. SharesIssue Subscribed
Offer Price 80.00
Offered/ 2-11 3-11
Listing Price 96.00 Reserved 2017 2017
Listing Day High 96.00 QIB 14,50,389 0.00x 0.09x
Listing Day Low 80.50 NII 10,86,785 0.01x 0.03x
Listing Day Close 86.60 Retail25,35,832 0.28x 0.84x
CMP (3-11-17) 90.00 Total 50,73,006 0.14x 0.45x
GREY MARKET MOVEMENT

Rel Nippon, Mah Logistics, Khadim premiums turn upside down
In HDFC Life interest and Rs2 lakh application witness bullish trend
ANI Integrated NSE SME IPO interest and subject to rates witnesses huge transactions
New India Assurance and Khadim (I) lack business
Reliance Nippon :- The issue will get listed on November 6 but the premiums have remained
very volatile. It has come down from Rs70/75 to Rs40/42 of sellers. Subject to rates were Rs3000.
Mahindra Logistics :- The premiums were Rs100/110 before two weeks, but now it has been
at bottom of Rs18/20 and those also in seller circuit. The subject to rates were Rs800.
New India Assurance :- the premiums have not started yet despite the issue getting close. No
application or interest deals seem to have taken place.
Khadim India :- premiums were at Rs35/40 but came down to Rs15/16 of sellers' rate. No
deals are taking place. Interest rates were Rs350.
HDFC Standard Life :- The issue premiums have come down from 18/20 to 13/14. Minimum
application interest came down from 750 to 650. Rs 2 lakh application rates were Rs2200.
NSE SME IPO of ANI Integrated :- The issue with fixed price of Rs100 witnessed application
interest rate of Rs 1200 and subject to rates of Rs 13000. The fancy may increase.
Financial Weekly

INVESTMENT
HDFC life IPO Opens on Nov. 7 & Closes on Nov. 09, 2017
Price band Rs. 275 to 290; Listing on BSE NSE
Considering strong fundamentals, apply for mid to long term
HDFC Standard Life Insurance Co. Ltd. (HDFC Life), a joint venture between HDFC Ltd and
Standard Life (Mauritius Holdings), is one of the most profitable life insurers, based on Value of
New Business (VNB) margin, among the top five private life insurers in India (measured on total
new business premium) in Fiscal 2016 and Fiscal 2017,
HDFC Life has a broad, diversified product portfolio covering five principal segments across
the individual and group categories, namely participating, non-participating protection term, non-
participating protection health, other nonparticipating and unit-linked insurance products. As at
September 30, 2017, its product portfolio comprised 32 individual and ten group products, as well
as eight optional rider benefits. Company's prime focuses it to be in highly profitable business
model despite stiff competition and to be in top five ranks.
For listing purpose, HDFC Life is coming out with a maiden IPO by offer for sale of 299827818
equity share of Rs. 10 each via book building route with a price band of Rs. 275 - Rs. 290 per
share to mobilize Rs. 8245.26 crore to Rs. 8695.01 crore (based on lower and upper price bands).
Issue opens for subscription on 07.11.17 and will close on 09.11.17. Minimum application is to be
made for 50 shares and in multiples thereon, thereafter. Out of the total issue, company has re-
served 2144520 shares for HDFC Life eligible employees, 805000 shares for HDFC eligible
employees and 29982781 shares for shareholders of HDFC Ltd. From the balance, it has kept
50% for QIBs, 15% for HNIs and 35% for retail investors. Post allotment shares will be listed on
BSE and NSE. BRLMs to the offer are Morgan Stanley India Co. Pvt. Ltd., HDFC Bank Ltd., Credit
Suisse Securities (India) Pvt. Ltd., CLSA India Pvt. Ltd., Nomura Financial Advisory and Securi-
ties (India) Pvt. Ltd., Edelweiss Financial Services Ltd., Haitong Securities (India) Pvt. Ltd., IDFC
Bank Ltd., IIFL Holdings Ltd. and UBS Securities India Pvt. Ltd. Karvy Computershare India Pvt.
Ltd.is the registrar to the issue. Issue constitutes 14.92% of post issue paid up capital of the com-
pany which remains same at Rs. 2008.97 crore. Since inception in August 2000 till March 2010 it
issued equity shares at par. Thereafter it raised further equity in the price range of Rs.26 to Rs.
190 per share from June 2010 to October 2017. Cost of acquisition of shares by HDFC Ltd. is Rs.
10.71 and Standard Life is Rs. 41.79 per share. Following the IPO, HDFC's stake will come down
to 51.69 per cent and Standard Life's shareholding will reduce to 29.35 per cent.
Financial Performance :- On performance front (on a consolidated basis) company has re-
ported total income of Rs. 881.47 cr. / Rs. 725.31 cr. (FY14), Rs. 874.17 cr. / Rs. 785.51 cr. (FY15),
Rs. 900.03 cr. / Rs. 816.79 cr. (FY16) and Rs. 1016.72 cr. / Rs. 886.92 cr. (FY17). For first half of
current fiscal, it has posted net profit of Rs.554.14 crore on a total income of Rs.592.21 cr. For last
three fiscals it has posted average EPS of Rs. 4.02 and average RoNW of 28.3%. If we annual-
ized latest earnings and attribute it on fully diluted post issue equity then asking price is at a P/E
of 52 plus. (Based on average EPS P/E is 72.13, on EPS of FY17 P/E is 65.91%). Peers are
trading at a P/E ranging from 33 to 69 (average 51.4%). Based on NAV of Rs. 19.1 as on 31.3.17,
issue is priced at a P/BV of 15 plus. Thus even though it is priced below Rs. 300 level compared
to earlier two life insurance sector IPOs, this issue appears aggressively priced discounting future
earnings.
BRLM's Performance :- On BRLM's front, ten merchant bankers associated with the offer
have handled 42 public issues in the past three fiscals out of which 10 public issues closed below
the issue price on listing date.
Recommendation : HDFC group is entering in the primary market after 22 years. Looking to
the poor listing of recent insurance sector's IPO & Strong fundamentals of the company, Investors
may apply for medium to long term for this Issue.
Financial Weekly

INVESTMENT
ANI Integrated IPO Opens on Nov. 8 & Closes on 10 Nov. 2017

Price Band Rs. 100; Listing on NSE SME Platform
Considering Low P/E & P/BV, strong fundamentals, apply for short term
ANI Integrated Services Ltd. (ANI) (earlier known as ANI Instruments Pvt. Ltd.) is an ISO 9001
certified company engaged in the business of Engineering services such as Erection and Instal-
lation of Electrical /Instrumentation/Mechanical Turnkey Projects', Operations and Maintenance,
Commissioning Assistance, Shutdown services and Technical Manpower deputation, . It has
leveraged its track record in India to successfully expand its operations internationally, and have
provided a wide range of engineering services on various international projects, particularly in
the UAE, Thailand and Kingdom of Saudi Arabia to esteemed clients like, Larsen & Turbo Indus-
tries, Tata Consultancy Engineers Limited, Reliance Industries Limited, Nestle India Limited,
Engineering India Limited.
To part finance part repayment of debt, working capital and general corpus fund needs, ANI is
coming out with a maiden IPO of 2565600 shares of Rs. 10 each at a fixed price of Rs. 100 per
share to mobilize Rs. 25.66 crore. Issue consists of offer for sale of 878400 equity shares and
fresh equity issue of1687200 shares. Issue opens for subscription on 08.11.17 and will close on
10.11.17. Minimum application is to be made for 1200 shares and in multiples thereon, thereafter.
Post allotment, shares will be listed on NSE SME Emerge platform. Issue is solely lead managed
by Hem Securities Ltd. and Bigshare Services Pvt. Ltd. is the registrar to the issue. Issue consti-
tutes 26.48% of the post issue paid up capital of the company. Having issued initial MoA equity at
par, it capitalized reserves and issued bonus shares in the ratio of 49 for 1 in March 2014, 1 for 1
in September 2016 and 7 for 1 in September 2017. Post issue its current paid up equity capital of
Rs. 8.00 crore will stand enhanced to Rs. 9.69 crore. Cost of acquisition by selling promoter is Rs.
0.01563 per share.
Financial Performance :- On performance front, ANI has reported turnover/net profits of Rs.
19.82 cr. / Rs.1.05 cr. (FY14), Rs. 23.63 cr. / Rs. 1.16 cr. (FY15), Rs. 39.96 cr. / Rs. 1.82 cr. (FY16)
and Rs. 63.61 cr. / Rs. 7.88 cr. (FY17). For Q1 of current fiscal it has posted net profit of Rs. 2.06 cr.
on a turnover of Rs. 15.37 crore. For last thee fiscals it has reported average EPS of Rs. 5.83 and
average RoNW of41.75%. Asking price is at a P/BV of around 3.12 on the basis of post issue
NAV of its shares. If we annualize latest earnings and attribute it on fully diluted equity post issue,
then issue is priced at a P/E of around 12 against its peers TeamLease and Quess Corp trading at
a P/E of around 50 and 112 respectively. Issue appears to have been priced reasonably. Peers
are not comparable in true sense as they are primarily staffing companies, whereas ANI is provid-
ing services of experts on critical and time bound projects. With it's skill sharing for deputation,
project and services,
BRLM's Performance :- On merchant banker's front, this is the 42nd SME mandate from its
stable so far. Out of last 10 listings, 1 issue opened at discount and the rest opened with a pre-
mium of 2 .5 to 20% premiums to offer price on the listing day.
Recommendation :- Considering low PE & P/BV & Strong fundamentals investor may apply
for short term.
Financial Weekly

INVESTMENT
Smart Best Buy S. N. Zaveri
Cummins India : The worst seems over now

PI Industries : Strong 1 billion dollar order book
Shankara Building Products doubled in six months, more to come
Interglobe profit jumps four times, stock flies high
PVR : Business as usual, H2 will be better
Cummins India : Cummins India Ltd announced Q2 results last week. It reorted a 22% year-
on-year drop in profit to Rs153 crore in the quarter ended September on the back of 15% drop in
revenue to Rs1118 crore and a minor compression in earnings before interest, taxes, depreciation
and amortization (Ebitda) margin to 14.52%. The company attributed the drop in revenue in the
September quarter to the implementation of the goods and services tax (GST) and the fact that it
was net of the tax, while that of the corresponding period was inclusive of duty, and hence the two
were not strictly comparable.The worst of the teething GST issues is behind now. The most part
the sales decline would be recovered in subsequent quarters this fiscal year once the GST imple-
mentation and supply issues are resolved. So, next two quarters will much better for the company.
Accumulate.
PI Industries : PI Industries reported a subdued set of Q2FY18 results. Domestic revenues
grew 13 percent YoY to Rs 260 crore; however, revenue from exports contracted by 4 percent YoY
at Rs 300 crore. EBITDA declined by 4.5 percent YoY and EBITDA margins were down 270 basis
points. Despite a weak performance in Q2 and H1FY18, there seems to be greater visibility for
growth in the coming quarters. The management remains confident of achieving around 10 per-
cent growth in FY18 across domestic and export businesses with the schedule for new product
launches in the domestic market and commercialization of 3 major projects in H2FY18.With strong
curbs on new procurements, global inventory levels have gone down and inventory channels have
cleared which will lead to better off-take in Q3 and Q4. Moreover, the company’s current order book
stands at a strong USD 1 billion with deliveries scheduled in coming quarters which should boost
revenues. With increased production, the management also expects better capacity utilization and
benefits of operating leverage.Accumulate.
Shankara Building Products : Shankara Building Products Ltd stock has doubled in just six
months after its listing. It is a retailer of home improvement and building products in the country. It
offers a wide range of products at their stores which includes structural steel, cement, TMT bars,
hollow blocks, pipes and tubes, roofing solutions, welding accessories, primers, solar heaters,
plumbing, tiles, sanitary ware, water tanks, plywood, kitchen sinks, lighting and other allied prod-
ucts. It operates more than 100 Shankara BuildPro stores covering the end-user segments of ur-
ban and semi-urban markets. The company also manufactures, assembles, processes, trades in,
imports, exports, or deals in a range of steel sheets, steel roofing sheets, walling products, acces-
sories, and steel structures and purlins used for construction of various types of building structures,
as well as steel pipes, tubes and pipe fittings and iron and steel. Shankara expects revenue, EBITDA
and net profit to grow at a compound annual growth rate of 11 percent, 17 percent and 29 percent
over the three financial years till March 2020, while the margin could improve by 100 basis points
by March 2020. Buy.
Interglobe Aviation : InterGlobe Aviation, the owner of India`s biggest airline IndiGo, reported
an almost four-fold rise in quarterly profit, helped by higher passenger revenue and credits re-
ceived from Pratt & Whitney and Airbus on aircraft groundings and delivery delays.Net profit came
Financial Weekly

INVESTMENT
in at 5.52 billion rupees ($85.26 million) during the quarter ended September 30,2017 while rev-
enue from operations grew about 27% to 52.91 billion rupees.InterGlobe reported its best ever
September-quarter profit - usually a weak period for airlines in the country due to fewer holidays
falling in that time. Its revenue per available seat kilometre - a measure of its operating earnings -
rose about 13% to 3.52 rupees. Passenger yields. So, the results were fantastic. The stock is in
good shape. Accumulate at every decline. It will fly upward more and more.
PVR : PVR’s September quarter results were little bit disappointing. Its net profit was down 15.1
percent at Rs 24.7 crore, while revenue was up 2.1 percent at Rs 555.4 crore. Its EBITDA rose 12.6
percent at Rs 90.5 crore and EBITDA margin was up at 16.3 percent. However, future remains
bright. That’s why Bank of America Merrill Lynch (BofAML) has maintained buy rating on the stock
with increase in target price to Rs 1,592 from Rs 1,557. According to the firm, the company will
continue to benefit from secular demand for movies in India.Though the screen rollout saw some
delays, the guidance of 60 screen openings intact for FY18. The company plans to further add 48
screens in 2HFY18, with 65% of these to be in south India. With Golmaal Again running well on
box office and the content pipeline appearing promising with the likes of Padmavati and Tiger
Zinda Hain, the company is set to leverage the expected increase in traction. Buy.
(SEBI Registered Research Analyst)
* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on
3rd November 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
BULLISH INDIA
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Financial Weekly

INVESTMENT
Dalal Street Whispers - Dilip K. Shah
Ruchi Soya (Rs. 28.00) (Code: 500368) :- Ruchi Soya shares have been on the rise in the past
few days due to aggressive buying. An agri and food FMCG company, Ruchi Soya has a turnover
of US $3 billion. It is a leading player in soya foods category, and the largest in cooking oils. The
company has agreed to sell 51% stake in the company along with is entire branded oil distribution
business to PE firm Devonshire Capital for Rs. 4,000 crores. It will use the funds to pare its debt.
Adani Transmission (Rs. 203.00) (Code: 539254) :- Adani Transmisson has completed ac-
quisition of 100% stake of Reliance Infra in Western Region System Strengthening Scheme
(WRSSS) Transmission Undertakings. As a result, Adani Transmission now has over 11,000 cir-
cuit km of network.
SCI (Rs. 108.00) (Code: 523598) :- Shares of Shipping Corporation of India are likely to outper-
form in teh coming days. SCI and other shipping companies are expected to gain big from the
Bharat Mala project covering coastal areas of the country announced by the central government.
Mirza International (Rs. 161.00) (Code: 526642) :- The Rs. 543 crore IPO of footwear manu-
facturer Khadim India has opened on November 2. A rally can also be seen in other footwear
shares such as Bata, Relaxo, and others.
Lakshmi Vilas Bank (Rs. 160.00) (Code: 534690) :- Max Life is poised to acquire 10% stake in
Lakshmi Vilas Bank. Max Life will become the biggest shareholder in the bank since none of the
promoters hold more than 9% shares.
Redington (Rs. 172.00) (Code: 532805) :- Redington is handling the distribution of the latest
Apple iPhone X in India. The phone is expected to get good response in India.
KCP Sugar (Rs. 31.00) (Code: 533192) :- The central government has decided to increase
ethanol prices by 5%, i.e. Rs. 2 per litre. This will benefit KCP and other sugar companies which
also produce ethanol.
Nelcast (Rs. 88.00) (Code: 532864) :- This auto ancillary company is focusing more on tractor
parts. Mahindra & Mahindra and Escorts have reported strong tractor sales due to a normal mon-
soon, which will also benefit Nelcast.
HFCL (Rs. 30.00) (Code: 500183) :- Ace investors are showing a lot of interest in the shares of
HFCL. There is strong likelihood of a big rise in the short term.
Meghmani Organics (Rs. 121.00) (Code: 532865) :- The share has been in focus for the past
month. Chemical sector shares have surged by 100 - 300% in no time. The company is expected to
report very strong numbers for Q2.
Globus Spirit (Rs. 101.00) (Code: 533104) :- United Spirits recently announced very good
quarterly numbers. Other liquor sector companies such as Globus Spirit and Som Distilleries are
also expected to report very strong numbers.
India Glycol (Rs. 389.00) (Code: 500201) :- The government has levied anti-dumping duty on
some products imported from China. This includes products made by India Glycol.
SpiceJet (Rs. 150.00) (Code: 500285) :- Jet Airways reported good numbers for the second
quarter. Other listed airlines such as SpiceJet and Indigo are also expected to announce strong
quarterly results.
Financial Weekly

INVESTMENT
High Risk High Return Shares - Dilip K. Shah
HPCL (Rs. 445.00) (Code: 500104) :- There is a strong likelihood that Hindustan Petroleum will acquire
Mangalore Refinery and Petroleum in a share swap deal. The deal will make HPCL the second largest
refiner in the country.
Dredging Corp. (Rs. 701.00) (Code: 523618) :- The central government owns 73.5% stake in Dredg-
ing Corporation, which provides dredging services at most of the ports in the country. However, the Cabi-
net has approved sale of the government's entire stake to a strategic investor. Shares of other PSUs such
as SCI, Hindustan Copper are also likely to jump on disinvestment possibilities.
VRL Logistics (Rs. 375.00) (Code: 539118) :- The company has convened meeting of its Board of
directors to decide on share buyback. Some movement can be seen in the stock in the coming days.
NBCC (Rs. 262.00) (Code: 534309) :- This PSU has recently bagged a Rs. 400 crores order for a
building at Nariman Point in Mumbai. Moreover, the Tourism Ministry has approved the proposal for
upgradation and maintenance of Purana Quila. It is also likely to bag big orders under the Smart City and
infrastructure projects.
Aurobindo Pharma (Rs. 787.00) (Code: 524804) :- A leading brokerage house is highly bullish on
Aurobindo Pharma and is recommending buy in big lots with a target price of Rs. 850.
HEG (Rs. 1,840.00) (Code: 509631) :- The shares of this manufacturer of other electrical goods has
jumped by 85% in the past one month to touch life-time high. However, if experts are to be believed, the
stock is poised to touch newer highs in the coming days.
Bharat Forge (Rs. 705.00) (Code: 500493) :- The shares of Bharat Forge have gone up by 11% in past
one month. The well diversified company is expected to be the biggest beneficiary of the 161% jump in sale
of trucks at 35,700 units in North America.
Polaris Consulting (Rs. 285.00) (Code: 532254) :- The company's board of directors has approved
the proposal to delist the shares from the stock exchanges. Some movement can be seen in the stock.
Aban Offshore (Rs. 206.00) (Code: 523204) :- Crude oil prices are at two-year highs. Rising crude
prices are seen benefiting Aban Offshare, besides companies such as Dolphin, Oil Country, and others.
Tata Chemicals (Rs. 730.00) (Code: 500770) :- The company produces various chemicals. The prices
of Soda Ash and Caustic Soda have gone up sharply in the domestic and international markets. The
company is expected to announce very good quarterly numbers on November 13.
BRNL (Rs. 177.00) (Code: 540700) :- Known as Bharat Road Network, the company entered the
capital markets recently. It has reported a good jump in net profit in Q2 results. Some big funds are believed
to be buying the stock.
Unichem Lab (Rs. 313.00) (Code: 506690) :- The shares of this Gujarat-based company have been
buzzing for the past week. Torrent Pharma has entered into a definitive binding agreement with Unichem to
acquire its branded business of India and Nepal for Rs. 3,600 crores.
Specialty Restaurant (Rs. 123.00) (Code: 534425) :- Reports suggest that the GST rates on restau-
rants will be reduced from 18% to 12% in the GST Council's meeting on November 10. This will benefit
companies such as Specialty Restaurant.
Punj Lloyd (Rs. 22.00) (Code: 532693) :- The central government has announced purchase of de-
fence weapons for Rs. 4,000 crores. Punj Lloyd is also engaged in defence production. The share is
expected to shine going ahead.
Financial Weekly

INVESTMENT
News Track
DEV IT Ltd
Dev Information Technology Ltd. (DEV IT), headquartered in Ahmedabad, was founded in the
year 1997 with a vision to become trusted, technology neutral and value-based end-to-end IT part-
ner for organizations across the globe. Company's philosophy is People First; Business Always
and company's values are; Integrity, Collaboration, Innovation, and Respect.
Company offers end-to-end IT services including custom application development, E-Gover-

nance solutions, Microsoft Dynamics ERM and CRM implementation, mobile application develop-
ment, cloud advisory and management services, IT infrastructure management services, cyber
security services, website development, digital marketing, licensing, digital signatures and many
more. DEV IT has a strong team of over 900 skilled and experienced professionals.
The company has its presence in Pune, Jaipur and North America. In the year 2005, DEV IT
became the first SME IT Company to receive NSIC-CRISIL rating. The company acquired a Cana-
dian IT Company in the year 2012 to expand its global footprints. In the year 2015, DEV IT became
the first ever Gujarat based IT company to be nominated by NASSCOM Executive Council.
Company is registering healthy double digit growth in the business over the last few years and
is expected to maintain the momentum going forward. For the Year ended March 2017, company
posted net profit of Rs. 2.98 crore - growth of 45% over net profit of Rs.2.05 crore in the correspond-
ing period last year. Net sales of the company also registered 34% growth for the year ended
March 2017 at Rs. 64.42 crore as against Rs. 47.93 crore in the previous year
Financial Weekly

INVESTMENT
REVIEW OF “SMART PLUS NEWS LETTER”

Amazing 19% RETURN SMART GAIN
FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
30-10-17 High (%) 30-10-17 High (%)
Caprihans 106 126 18.87 CIPLA 623 648 4.01
Bharat Forge 671 722 7.6 GSFC 154 162 5.19
Esab India 879 995 13.2 KPIT Techno 135 154 14.07
Dalmia Bharat 2895 3085 6.56 Glenmark 614 656 6.84
MOIL 267 283 5.99 Maruti 8114 8282 2.07
United Spirit 3025 3157 4.36 Sun Pharma 555 572 3.06
Wabco 6187 6800 9.91 Power Grid 212 221 4.25
Ramkrishna Forging 705 824 16.88 Tata Comm. 654 720 10.09
ENIL 804 894 11.19 Bhushan Steel 77 80 3.9
Tata Sponge 937 983 4.91 Tata Power 85 88 3.53
Nath Bio 428 442 3.27 Conart Engg. 55 64 16.36
Century Enka 358 404 12.85 Dwarikesh Sugar 73 79 8.22
Shoppers Stop 555 602 8.47 PTC India Fin. 40 44 10
Garware Wall 935 993 6.2 Nelcast 83 91 9.64
DHFL 610 677 10.98 IOL Chemical 63 71 12.7
Bajaj Finance 1813 1845 1.77 GVK Power 17 19 11.76
Thirumalai Chem. 1824 1972 8.11 Moschip Semi. 42 44 4.76
Shaily Engg. 645 662 2.64 Heidleberg Cement 156 162 3.85
Ultratec 4435 4491 1.26 Star Paper 188 224 19.15
Wheels India 1577 1791 13.57 V-Guard 214 232 8.41
Ajmera Realty 282 297 5.32 AMAL 150 155 3.33
KNR Const. 253 290 14.62 Archi Ply 102 107 4.9
JSW Steel 265 269 1.51 Purvankara 98 101 3.06
Marathon Next 450 509 13.11 Adani Enter 130 142 9.23
Bodal Chem. 169 189 11.83 Balmer Lawri 408 426 4.41
Karantaka Bank 158 169 6.96 Jindal Saw 118 128 8.4
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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 (%)
29th April-15 J M FIN 47.5 60-90 191.6 303% Rate (Rs.) Rate (%)
29th April-16 WALCHAND PEOPLE 106 145 212 100%
5th May-15 VIPPY SPINPRO 20 25-31 61.4 207%
3rd May-16 IOL CHEM 103 150- 250 156 51%
8th May-15 CONART ENG 22 30-32 64.4 193%
5th May-16 INDIG O 1075 1200 1347 25%
15th May-15 MANALI PETRO 16.5 21-30 49.4 199%
6th May-16 PPAP AUTO 144 175- 200 454 215%
22nd May-15 SUZL ON 25 32-45 28 12%
13th May-16 HP COTTON 53 75 58 9%
26th May-15 GOLDIAM INT 28 38 99.7 256%
16th May-16 GANDHI SPE TUBE 235 300 375 60%
28th May-15 PONDY OXIDE 75 82 779 939% 16th May-16 BAJAJ ELE 233 265 428.5 84%
9th June-15 INDUS BANK 810 880 1804 123% 19th May-16 ITD CEMENT 127 175 194 53%
18th June-15 KEI IND 63 90 372 490% 19th May-16 ASM TECHNO 195 220 203 4%
18th June-15 VRL LOGI 305 335- 350 479 57% 27th May-16 KUSHAL TRADE 145 175- 225 611.1 321%
18th June-15 KALPATARU POWER 241 270 405 68% 3rd June-16 J M FIN 47 56-59-65 191.6 308%
18th June-15 SUPRAJIT ENG 128 150 338 164% 9th June-16 BAJAJ ELE 232 300 428.5 85%
26th June-15 IBULLS HOUSING 620 675- 900 1374 122% 20th June-16 GAEL 58 75-85 185 219%
2nd July-15 MRPL 76.5 85-105 143.55 88% 24th June-16 IOL CHEM 136 175- 275 156 15%
13th July-15 FSL 33.25 40-55 54 62% 1st July 16 IL&FS TRANS 78.5 95-105 124.8 59%
14th July-15 JAIN IRRIGATION 75 95-125 120 60% 7th Junly 16 NE TWORK18 45.5 64-71 59.3 30%
28th July-15 BAJAJ FINANCE 222 275 1985.9 795% 15th July 16 SARDA ENERGY 141 180- 200 518.4 268%
31st July-15 JINDAL SAW 78 95-125 128.3 64% 22nd July 16 AARTI IND 553 620- 625 1040 88%
3rd Aug-15 HFCL 15 20-35 35.95 140% 28th July 16 MAGMA FIN 106 135- 140 189.85 79%
5th Aug-15 SUBE X 16.5 18.5- 22 18.35 11% 3rd Aug 16 GARWARE WALL 453 535- 540 994 119%
17th Aug-15 J M FIN 52.5 60 191.6 265% 5th Aug 16 ION EXCHANGE 327 445- 450 638 95%
12th Aug 16 IOL CHEM 137 175- 275 156 14%
11th Sep-15 NAVKAR CORP 166 185- 190 247 49%
18th Aug 16 SAMBANDAM SPI 113 130- 140 163.5 45%
11th Sep-15 ECLERX SERVICES 1425 1600 1784 25%
22nd Aug 16 SUBE X 12.65 16.5-18.4 13.5 7%
11th Sep-15 KSCL 457 530- 550 708 55%
31st Aug 16 IDFC 58.25 70 71.3 22%
24th Sep-15 GHCL 142 165- 200 299 111%
8th Sep 16 IRB INFRA 242 270- 285 272.65 13%
6th Oct-15 CHENNAI PETRO 238 275- 350 480.5 102%
8th Sep 16 TALBROS ENG 238 255- 260 824 246%
7th Oct-15 HFCL 16.7 20-25 35.95 115%
16th Sep 16 NOCIL 68 85 193.5 185%
12th Oct-15 ARSS INFRA 36.5 50-54 114 212%
21st Sep 16 CONART ENG 40 48 64.9 62%
14th Oct-15 ASHOK LEYLAND 94.25 105- 110 133.9 42% 23rd Sep 16 KEI IND 120.5 140- 170 372 209%
4th Nov-15 LLOYD ELE 274 315- 350 340 24% 29th Sep 16 DYNAMIC IND 60 70-75 109.85 83%
16th Nov-15 TANLA SOL 36.5 50 66.45 82% 29th Sep 16 GSFC 77 101 162.7 111%
21st Nov-15 PRIMA PLAST 83 100- 125 315 280% 5th Oct 16 MAGMA FIN 116 140 189.85 64%
26th Nov-15 PRATIBHA IND 45 55 51 13% 19th Oct 16 JINDAL POLY 429 460- 490 477 11%
16th Dec-15 COMPETE NT 140 185- 190 260 86% 25th Oct 16 A2Z INFRA 40.75 50 52.65 29%
21st Dec-15 SUN PHARMA 750 1000 899 20% 30th Oct 16 JENBRUKT PHARMA 482 700 572.5 19%
8th Jan-16 ASM TECHNO 195 230- 300 220 13% 30th Oct 16 ADVANCED ENZ 2125 2700 2375.5 12%
15th Jan-16 TYCHE IND 50 72 STOP LOSS 4th Nov 16 MAFATLAL IND 443 425- 500 STOP LOSS
27th Jan-16 ASHOKA BUILD 192 230 STOP LOSS 4th Nov 16 ABC BEARINGS 174 210- 250 450 159%
5th Feb-16 SWISS GLASS 118 150 227 92% 2nd Dec 16 MRPL 100 119-138- 149 146.7 47%
19th Feb-16 ELEGANT MARBLE 95 125 195.95 106% 9th Dec 16 SONATA SOFT 164 195 224 37%
3rd March-16 SHIVALIK BI 11 27-35 95 764% 16th Dec 16 INDIA GLYCOL 137 180- 200 412 201%
8th March-16 SUDARSHAN CHE 86 115 459 434% 30th Dec 16 MADHAV MARBLE 59 64-66 79.5 35%
21st March-16 J K TYRE 83 105- 135 186.3 124% 30th Dec 16 ORIENT BEVERAGES 160 170- 172 186.5 17%
4th Jan 17 RAIN IND 56.5 70 319 465%
21st March-16 NHPC 21.85 27-32 34.5 58%
5th Jan 17 MAGNGALORE CHEM 48.2 55-60 84.4 75%
8th April-16 SUBE X 10.1 13.75-16.5 14.25 41%
6th Jan 17 INDO RAMA 34.25 36-37 42.6 24%
13th April-16 CAREER POINT 118 135- 175 166.7 41%
11th Jan 17 TRIDE NT 62.5 75-100 109.5 75%
13th April-16 KLRF 58 75-110 122 110%
13th Jan 17 PITTI LAMINATIONS 60 63-65 75 25%
26th April-16 BENGAL TEA 50 60-65 63.5 27%
20th Jan 17 SUPER CROP SAFE 136 225 180 32%
Financial Weekly

INVESTMENT
(2)
Date Stock Reco. Target Achi eved Return Date Stock Reco. Target Achieved Return
Rate (Rs.) Rate (%) Rate (Rs.) Rate (%)
27th Jan 17 IHTL 192 202 202 5% 30th June-17 PRIME URBAN 31.5 34-35 38.35 22%
2nd Feb 17 SUBE X 10.6 13-14 12.35 17% 4th July-17 PRIYA LTD 102 112- 140 117.5 15%
6th Feb 17 BGR ENERGY 138.5 175 183.4 32% 7th July-17 SUNFLAG IRON 41 51-55 87.8 114%
6th Feb 17 LAURUS LAB 538 625 640 19% 17th July-17 ORIENT BEVERAGES 175 181- 185 186.4 7%
14th Feb 17 AT LANTA 83 105 120.45 45% 18th July-17 ORIENT BEVERAGES 179 191- 195 STOP LOSS
16th Feb 17 PITTI LAMINATIONS 62 72-75 75 21% 24th July-17 TWL 121.5 155- 160 STOP LOSS
16th Feb 17 EON ELECTRIC 63.5 85-90 137.5 117% 28th July-17 REMSONS IND 82 110- 115 89.6 9%
28th Feb 17 KWAL IT Y 157 175- 185 167.95 7% 3rd August-17 NTC Ind 61 75-80 72.5 19%
1st March-17 SPARC 339 370- 385 446 32% 11th August-17 AGRITECH INDIA 59 - 149 153%
2nd March-17 KOPRAN 71 83-95 102.45 44% 11th August-17 E COPL AST 112 - STOP LOSS
8th March-17 AJMERA REALTY 197 250- 260 297.8 51% 11th August-17 BIMETAL BEARING 460 - 561.3 22%
10th March-17 CORDS CABLE 81.5 84-86 145 78% 18th August-17 PUDUMJEE IND 15 - STOP LOSS
15th March-17 ADANI ENTER 99.5 115- 120 160.7 62% 22nd Aug. SPARC 410 550 446 9%
17th March-17 GUJ THEMIS 48 53-55 55.5 16% 24th August-17 PATSPIN 27.5 31-33 30.3 10%
17th March-17 SHILCHAR TECHNO 380 450- 525 524.9 38% 29th August-17 BNR UDYOG 59.5 65 STOP LOSS
20th March-17 ELECTROSTEEL CAST 29.5 37-40 40.65 38% 30th August-17 NMDC 126.5 150 138.5 9%
24th March-17 ONWARD TECH 74.5 78-80 170 128% 30th August-17 J M FIN 128 150 191.6 50%
24th March-17 AVT NATURAL 37 39.5- 41 50.75 37% 1st Sep-17 VASWANI IND 15.5 17.5- 18 24.6 59%
29th March-17 SANKHYA INFO 58.5 70-75 69.7 19% 7th Sep-17 INDBANK MERCHANT 21.5 25-27 26.9 25%
31st March-17 MOLD-T EK 53.5 55-56 59.9 12% 14th Sep-17 COMPUCOM SOFT 17 20-21 19.4 14%
5th April-17 MTNL 25.75 31-35 27.1 5% 20th Sep-17 ORIENT CEM 162 190 182 12%
6th April-17 SARDA ENERGY 258 300 518.4 101% 22nd Sep-17 AKAR TOOLS 108 113- 115 117 8%
13th April-17 WEIZMANN 524 560- 570 1125 115% 27th Sep-17 PUDUMJEE PULP 26.85 29.5 28.5 6%
20th April-17 COMPUCOM SOFT 17.5 19.5-20.5 SL 28th Sep-17 SANGHI IND 98 125 137.2 40%
21st April-17 ALEMBIC 46.7 55-61 51.7 11% 3rd Oct-17 DHARNI SUGAR 32 35.5 39.75 24%
28th April-17 REL INFRA 595 700 SL 6th Oct-17 PDMJE PAPER 31 38-40 34.1 10%
28th April-17 DAMODAR IND 95 100 144 52% 13th Oct-17 BHAGYNAGAR 33 38-40 39.4 19%
2nd May-17 VIPPY SPINPRO 50 55-56 SL 19th Oct-17 W H BRADY 235 325- 350 288.9 23%
2nd May-17 DEEP IND 326 400 SL 23rd Oct-17 W H BRADY 255 325- 350 288.9 13%
15th May-17 TALBROS AUTO 175 210 224.7 28% 24th Oct-17 GSFC 147 170- 175 162.7 11%
2nd June-17 TATA GLOBAL 156 175- 180 231.25 48% 24th Oct-17 SPIC 42.5 50-53 48.5 14%
2nd June-17 PITTI LAMINATIONS 58.5 63-65 75 28% 25th Oct-17 DHARNI SUGAR 36 41-43 39.75 10%
15th June-17 ACE 69.5 81-87 95.3 37% 31st Oct-17 SURANA T & P 7.5 9- 10.5 9.3 24%
22nd June-17 MANAPPURAM 97.5 107- 130 112.55 15% 1st Nov-17 MANGALORE CHEM 78 90-95 81.6 5%
Financial Weekly

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

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Financial Weekly

SMART 5th November to 11th November 2017 1

Only Financial Weekly Published in English & Gujarati

Editor : Dilip K. Shah

More detail about Subscription

E-mail Edition (Soft Copy) (Every Saturday)

E-mail Edition (Soft Copy) of Smart Plus News Letter

Contact : 079-26576639 (M) 9825006980

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 5th November to 11th November 2017 5

AMAL LTD (506597) (FV Rs.10) (152.6)

Top 10 Dark Horse recommendations…

Last week we had recommended B L KASHYAP as a DARK HORSE @ Rs.42.75, it

SMART 5th November to 11th November 2017 6

GOKUL AGRO (539725 & NSE)

SMART 5th November to 11th November 2017 7

NIFTY HEADED FOR 10537-10815

This Weeks Recommendations

SMART 5th November to 11th November 2017 8

SMART 5th November to 11th November 2017 9

Participate in Upside but Be Cautious !

SMART 5th November to 11th November 2017 10

SMART 5th November to 11th November 2017 11

ANI Integrated Services

the business of Manpower Staffing such Corporate Feature

as Technical Manpower Deputation and Placement, Value Added

Customized Services, Project Installation & Erection, Operation

fessionals to various industries. Stringent process of screening, short listing, interviewing is

followed for selection process.

SMART 5th November to 11th November 2017 12

ANI Integrated Services is entering into CLIENTELE STRENGTH

week. It will issue 25,65,600 shares of

Rs. 10 each at a fixed price of Rs. 100

per share. It will raise Rs. 25.66 crore

through this SME IPO. Issue consists of

offer for sale of 8,78,400 equity shares

crore will stand enhanced to Rs. 9.69

ANI Integrated Services Ltd. has

been delivering an extensive range of

solutions to its clients globally and has

been able to establish strong client re-

SMART 5th November to 11th November 2017 13

and established Indian Groups. It has proven experience of more

than 2 decades in Manpower Deputation.

12.54% respectively during FY17. In FY17, its sales grew 58.60%

ANI Promoters coupled with technical know-how, competi-

Mr. Akshay Navin Korpe ognition and acceptance of ANI as a brand

SMART 5th November to 11th November 2017 14

Rapid Fire Stocks

JOCIL (Rs. 222.80)

National Aluminium (Rs. 94.00)

SMART 5th November to 11th November 2017 15

Last Recommendation Review

SMART 5th November to 11th November 2017 16

Stock Buzz Subramanian Mahadevan

PTC India Financial Services Limited

SMART 5th November to 11th November 2017 17

Stock Market Workshop

SMART 5th November to 11th November 2017 18

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

Nifty in decisive range (10400-10500)