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Revolutionary Fearless Gujarati Daily
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• Year 10 • Issue 12 • Date: 30.08.2021 to 05.09.2021 • Editor : Narendra Joshi • Mobile:9825065387• Land line 079 27451449•
•Address : H 115/991, Nirmal Apartments, Telephone Exchange Road, Naranpura, Ahmedabad -380063 •
AMI ORGANICS IPO REVIEW
ABOUT COMPANY:
Ami Organics Ltd. (AOL)
is a research and development
("R&D") driven manufacturer
of speciality chemicals with
varied end usage, focused on
the development and manu-
facturing of advanced phar-
maceutical intermediates
("Pharma Intermediates") for
regulated and generic active
pharmaceutical ingredients
("APIs") and New Chemical
Entities ("NCE") and key
starting material for agro-
chemical and fine chemicals,
especially from its recent ac-
quisition of the business of
Gujarat Organics Limited
("GOL")("Acquisition"). As
per the F&S Report, it is one
of the major manufacturers of
Pharma Intermediates for cer-
tain key APIs, including
Dolutegravir, Trazodone,
Entacapone, Nintedanib and
Rivaroxaban. The Pharma In-
termediates which the com-
pany manufactures, find ap-
plication in certain high-
growth therapeutic areas in-
cluding anti-retroviral, anti-
inflammatory, anti-psychotic,
anti-cancer, anti-Parkinson,
anti-depressant and anti-co-
agulant, commanding signifi-
cant market share globally.
It has developed and
commercialized over 450
Pharma Intermediates for
APIs across 17 key therapeu-
tic areas since inception and
NCE, with a strong focus on
R&D across select high-
growth high margin therapeu-
tic areas such as anti-
retroviral, anti-inflammatory,
anti-psychotic, anti-cancer,
anti-Parkinson, anti-depres-
sant and anticoagulant, for
use across the global phar-
maceutical market. AOL's
Pharma Intermediates used
for manufacturing of APIs
and NCEs portfolio has ex-
panded from over 425 prod-
ucts as of March 31, 2019, to
over 450 products as of
March 31, 2021.
It recently completed the
acquisition of two additional
manufacturing facilities oper-
ated by GOL which has added
preservatives (parabens and
parabens formulations which
have end usage in cosmetics,
Post. Reg. No.
PUBLISH ON EVERY MONDAY
THE
ECONOMIC REVOLUTION
DILIP Email:
IPO CORNER
DAVDA dilip_davda@rediffmail.com
(SEBI registered Research Analyst-Mumbai)
animal food and personal care
industries) and other special-
ity chemicals (with end usage
in inter alia the cosmetics,
dyes polymers and agro-
chemicals industries) in the
existing product portfolio,
which command significant
market share globally in the
supply of certain paraben
derivatives, as per the F&S
Report). The Acquisition is in
line with its inorganic growth
strategy of foraying further
into the speciality chemicals
sector and believes that it will
enable it to significantly di-
versify its existing product
portfolio, with an objective of
attaining inorganic expan-
sion of business.
As of the date of this RHP,
it has eight process patent
applications (in respect of in-
termediates used in the manu-
facture of Apixaban,
Rivaroxaban, Nintedanib,
Vortioxetine, Selexipag,
Pimavanserin, Efinaconazole
and Eliglustat). It currently
supplies its products to well-
known 150 plus Indian cus-
tomers and in 25 overseas
countries. It has three manu-
facturing facilities in the state
of Gujarat.
ISSUE DETAILS/CAPI-
TALHISTORY:
To part finance its needs
for repayment/prepayment of
certain borrowings (Rs. 140
cr.), working capital (Rs. 90 cr.)
and general corpus fund,
AOL is coming out with a
maiden IPO comprising fresh
equity issue worth Rs. 200 cr.
(approx. 3278688 shares at the
upper cap) and an offer for
sale of 6059600 equity shares
of Rs. 10 each (Rs. 369.64 cr.
at the upper cap). Thus over-
all the company will be rais-
ing approx. Rs. 569.64 cr. at
the upper price band. The is-
sue opens for subscription
on September 01, 2021, and
will close on September 03,
2021. The company has fixed
a price band of Rs. 603 - Rs.
610 per share. Minimum ap-
Reg under RNI No. GUJENG/2012/44433
PUBLISHES IN ENGLISH AND GUJARATI LANGUAGES
plication is to be made for 24
shares and in multiples
thereon, thereafter. Post allot-
ment, shares will be listed on
BSE and NSE. The issue con-
stitutes 25.63% of the post is-
sue paid-up equity capital of
the company. The company
has raised Rs. 100 cr. as pre-
IPO placement in August
2021 by the issue of 1658374
equity shares at Rs. 603 per
share to few institutional in-
vestors. AOL has allocated
the issue as 50% for QIBs,
15% for HNIs and 35% for
Retail investors.
Book Running Lead
Managers to this issue are
Intensive Fiscal Services
Pvt. Ltd., Ambit Pvt. Ltd. and
Axis Capital Ltd. while Link
Intime India Pvt. Ltd. is the
registrar to the issue.
Having issued initial eq-
uity at par, AOL raised fur-
ther equity at Rs. 603.00 per
share in August 2021. It has
also issued bonus shares in
the ratio of 6 for 1 in April
2018 and in the ratio of 2 for
1 in March 2021.
The average cost of ac-
quisition of shares by the
promoters/selling stake
holders is Rs. 0.48, Rs. 0.56,
Rs. 23.49 /Rs. 0.48, Rs. 20.67,
Rs. 25.53, Rs. 30.02, Rs.
31.04, Rs. 31.85, Rs. 32.07, Rs.
33.85, Rs. 33.91, Rs. 39.45, Rs.
40.19, Rs. 41.70, Rs. 47.44, Rs.
48.29 and Rs. 58.18 per
share.
Post issue, AOL's cur-
rent paid-up equity capital
of Rs. 33.16 cr. (33158374
shares) will stand enhanced
to Rs. 36.44 cr. (approx.
36437062 shares based on
upper cap). At the upper
price band, the company is
looking for a market cap of
Rs. 2222.66 cr.
FINANCIAL PERFOR-
MANCE:
On the financial perfor-
mance front, on a consoli-
dated basis, AOL has
posted turnover/net profits
of Rs. 238.90 cr. / Rs. 23.30
THE FINANCIAL WEEKLY NEWSPAPER,
PUBLISHES FROM AHMEDABAD, GIVING
VIEWS AND NEWS ABOUT STOCK MAR-
KET AND MODERN ECONOMICAL WAVES
Every thing that’s on Money !!!
future prospects.
o AOL is manufacturing speciality chemicals and
critical APIs. M E R C H A N T
BANKER'S TRACK
o Robust performance in pre-IPO year raises con-
cern. RECORDS:
o Based on financial parameters, IPO is fully priced. The three BRLMs asso-
o Risk seekers/cash surplus investors may consider
ciated with this issue have
the investment. handled 27 public issues in
cr. (FY19), Rs. 242.49 cr. / Rs. the last three years out of
41.16, making it a fully priced
27.47 cr. (FY20) and Rs. which 12 issues closed below
offer (at the upper cap).
341.99 cr. / Rs. 54.00 cr. the offer price on the listing
COMPARISON WITH
(FY21). A sudden jump in dates.
LISTED PEERS:
the top and bottom lines in Conclusion / Investment
As per offer documents,
a pre-IPO year with a pan- Strategy
AOL has shown Aarti Ind.,
demic is a bit surprising. Based on super financial
Hikal Ltd., Valiant Organics,
For the last three years, performance for FY21, the is-
Vinati Organics, Neuland
on a consolidated basis, sue is fully priced. The
Labs and Atul Ltd., as its
AOL has reported an aver- sustainability of such higher
listed peers. They are cur-
age EPS of Rs. 12.71 and an margins going forward is a
rently trading at a P/E of 56.49,
average RoNW of 29.09%. major concern. Many options
47.32, 29.98, 66.14, 28.97 and
The issue is priced at a P/ at cheaper valuations are
39.67 (as of August 27, 2021).
BV of 11.51 based on its NAV available in secondary mar-
However, they are not truly
of Rs. 52.99 as of March 31, kets. On financial parameters,
comparable on an apple to
2021, and at a P/BV of 4.76 AOL is no way near to its
apple basis.
based on its post-issue listed peers. Greedy pricing is
DIVIDEND POLICY:
NAV of Rs. 128.15 per share perhaps on account of the
AOL has not declared
(at the upper cap). current fancy for chemical
any dividend for the last three
If we attribute FY21 earn- counters. Hence risk seeker/
years to date. However, it will
ings on post IPO fully di- cash surplus investors may
follow a prudent dividend
luted equity, then the ask- take a call of investment with
policy post listing based on
ing price is at a P/E of around a long term perspective.
its financial performance and
Continue on ......02
NIFTY METAL INDEX WAS UP
BY 1.00% OVER ONE MONTH
Net premium paid =
BSE Sensex
(56124.72) and Nifty
BULLET 27637.50 - 20400.00 =
(16705.20) closed re- 7237.50
spectively last week. Narendra Maximum Profit =
Naynani 1200.00 -1180.00 =
TORNTPOWER and
20*750 = 15000.00 -
NMDC added Interest in (M) 9898162770
the SEPTEMBER series. nainaninarendra@Hotmail.com 7237.50 = 7762.50
Yahoo Messanger Id-narendranainani Maximum Loss =
A Huge position was www.narendranainani.blogspot.com
7237.50
building up at SRF call
Option Strike Price Rs. Break even = 1189.65
9700.00. A Good build Maximum loss = Un- TRADING IDEA
up was also seen at RE- limited (1) SRF (9423.55)
LIANCE call Option (2) SBILIFE Buy this stock in decline
Strike Price 2340.00 (1184.05) Lot size 750 and trade.
TRADING STRATE- shares (2) LTTS (3974.20)
GIES F&O Buy one lot Septem- Buy this stock in decline
(1) TORNTPOWER ber call option and trade.
(489.05) Lot size 1500 1180.00@36.85 Change in open interset % Change
shares Sell one lot FINNIFTY 920 41
Buy one lot Septem- September
TORNTPOWER 690,000 30
ber future@ 489.05 call option NATIONALUM 13,090,000 19
Sell one lot Septem- 1200@27.20 NMDC 11,792,000 19
MINDTREE 264,800 16
ber call option 490@ P r e m i u m IDEA 34,370,016 12
20.90 Paid = STAR30 176,850
HDFCAMC 77,000
9
9
36.85*750 = TCS 779,100 9 9
Premium Received = COROMANDEL 115,625 9
27637.50
20.90*1500 = 31350.00 MPHASIS 90,675 8 8
Maximum profit = P r e m i u m NIFTY 1,020,950 8
SAIL 10,364,512 8
490.00 - 489.05 = Received = SRF 45,875 7 8
0.95*1500 = 1425.00 + 27.20*750 = SBILIFE
MARUTI
371,25
182,100
6
6
31350.00 = 32775.00 20400.00 LT 685,400 6 6
 2 THE
FINANCIAL WEEKLY
VIJAYA DIAGNOSTIC IPO REVIEW
ABOUT COMPANY:
Vijaya Diagnostic Center
Ltd. (VDCL) is the largest
integrated diagnostic chain
in southern India, by oper-
ating revenue, and also one
of the fastest-growing diag-
nostic chains by revenue for
the fiscal year 2020 (Source:
CRISIL Report). It offers a
one-stop solution for pa-
thology and radiology test-
ing services to customers
through its extensive opera-
tional network, which con-
sists of 81 diagnostic cen-
tres and 11 reference labo-
ratories across 13 cities and
towns in the states of
Telangana and Andhra
Pradesh and in the National
Capital Region and Kolkata
as on June 30, 2021. For the
three months ended June
30, 2021, and the fiscal year
2021, it derived 95.91% and
96.20% of revenue from op-
erations from its core geog-
raphies, Hyderabad and the
rest of Telangana and
Andhra Pradesh, respec-
tively.
VDCL offers a compre-
hensive range of approxi-
mately 1,610 pathology
tests, which are organized
into approximately 740 rou-
tine tests and 870 special-
ized tests, as well as approxi-
mately 220 basic and 320
advanced radiology tests
that cover a range of speci-
alities and disciplines, as of
June 30, 2021. The
company's test menu in-
cludes pathology tests
ranging from basic biochem-
istry and clinical pathology
to cytogenetics and high-
end molecular diagnostic
tests, and radiology tests
ranging from basic
echocardiograms, X-rays
and ultrasounds to ad-
vanced radiology tests in-
cluding computerized to-
mography ("CT") scans,
magnetic resonance imag-
ing ("MRI") scans, single-
photon emission computed
tomography ("SPECT") and
advanced positron emission
tomography CT ("PET CT").
It also offers a broad spec-
trum of health and wellness
packages to customers as
The material contained in the Economic Revolution is based on Fundamental and Technical analysis & other
scientific methods and also the knowledge and belief of author. Error can not to be rulled out. The information given is
of General advisory nature only. The Editor, the Publisher and the Author does not take any consequences arising out of
it. All rights reserved. Reproducing to whole or in part of any matter including featurs without permision is not permitted.
Legal jurisdiction is Ahmedabad only. The material given in the Economic Revolution is the views of author only, it
not means that Editor is agree with it, so Editor, the Publisher and the printer is not resposible for the contains in writers offer documents, it had 39
article.
ECONOMIC REVOLUTION
IPO CORNER
per their requirements.
VDCL focuses on a cus-
tomer-centric approach to
enhance the overall quality
of services for optimal cus-
tomer satisfaction. For the
convenience of customers,
it provides value-added ser-
vices such as home collec-
tion of specimens, house
calls and various delivery or
access modes (i.e., at diag-
nostic centres, SMS, email
and web portal) for test re-
ports. Several factors, in-
cluding the strength of its
brand, integrated services
model, quality of diagnos-
tic services, center infra-
structure and customer ex-
perience, the convenience
of operational network and
home collection in core ge-
ographies are important dif-
ferentiating factors in cus-
tomers choosing it as their
preferred diagnostic service
provider, which helps it in
retaining customers and
sets apart from competitors.
It has implemented a 'hub
and spoke' model, whereby
specimens are collected
across multiple locations
within a catchment area or a
region for delivery to refer-
ence laboratories for diag-
nostic testing. This model
provides greater economies
of scale and enhances the
consistency of testing pro-
cedures and results.
As of June 30, 2021, its
operational network con-
sists of a diagnostic centre
network of (i) a flagship cen-
tre located in Hyderabad,
which is its main 'hub' and
equipped to conduct all of
pathology specimens col-
lection, basic and advanced
radiology tests; (ii) 20 hub
centres, which are equipped
to conduct all of pathology
specimens collection, basic
radiology tests and certain
advanced radiology tests;
and (iii) 60 diagnostic cen-
tres, which are equipped to
conduct a majority of pa-
thology specimen collection
and certain basic radiology
tests; and a laboratory net-
work of (i) a national refer-
ence laboratory co-located
with flagship centre; and (ii)
ATTENTION
Narendra Joshi, Editor,The Economic Revolution.
Date: 30.08.2021 to 05.09.2021
CONTD FROM PAGE 1
of said date. However, they
o VDCL is an integrated diagnostic service provider dated basis, the company
with south centric play. are not truly comparable on
has posted turnover/net
o It has posted good margins so far, but rising compe- an apple to apple basis.
profits of Rs. 302.94 cr. / Rs.
tition raises concern. DIVIDEND POLICY:
46.27 cr. (FY19), Rs. 354.18
o The issue is purely a secondary offer only for The company has not
cr. / Rs. 62.51 cr. (FY20) and
listing benefits. declared any dividend for
Rs. 388.59 cr. / Rs. 84.91 cr.
o Based on financial parameters, the issue is fully the last three years. How-
(FY21). For the first quarter
priced. ever, it will follow a prudent
ended on June 30, 2021, it
o Recent listing of Krsnaa Diagnostics likely to dividend policy post listing
has earned a net profit of Rs.
overshadow this IPO. based on its financial per-
33.33 cr. on a turnover of Rs.
formance and future pros-
10 reference laboratories co- while KFin Technologies 125.97 cr. Thus the company
pects.
located with certain hub Pvt. Ltd. is the registrar to has posted the growing pat-
M E R C H A N T
centres and diagnostic cen- the issue. tern for its top and bottom
BANKER'S TRACK
tres. Its diagnostic services Having issued initial eq- lines for all these periods.
RECORDS:
are provided by a medical uity at par, the company For the last three fiscals,
The three BRLMs asso-
professional team consist- raised further equity in the the company has posted an
ciated with this offer have
ing of 74 laboratory doc- price range of Rs. 5.75 and average EPS of Rs. 6.92 and
handled 44 public issues in
tors, 19 physicians, 105 ra- Rs. 332.76 per share (on the an average RoNW of
the past three years out of
diologists and 1,027 well- basis of Re. 1 paid-up value) 23.14%. The issue is priced
which 15 issues closed be-
trained technical staff in the between May 2014 and at a P/BV of xx based on its
low the offer price on the
operational network, as of March 2017. It has also is- NAV of Rs. 38.53 per share
day of listings.
June 30, 2021. sued bonus shares in the as of June 30, 2021. Conclusion / Investment
As of June 30, 2021, all ratio of 1 for 1 in December If we attribute annual- Strategy
of its laboratories hold Na- 2007 and 5 for 4 in May 2021. ized EPS for FY22 on the post This is a majorly south
tional Accreditation Board The average cost of acqui- issue equity, then the ask- centric diagnostic service
for Testing and Calibration sition of shares by the pro- ing price is at a P/E of 41.10. provider. The issue is fully
Laboratories ("NABL") and moters/selling stakeholders Thus based on its super priced based on its super
three diagnostic centres is Rs. 0.34/ Rs. 99.49 per earnings, the issue appears performance so far. The seg-
hold Patient Safety & Qual- share. fully priced. ment is getting crowded
ity of Care ("NABH") ac- Post this issue, VDCL's COMPARISON WITH post-pandemic and thus
creditations. For the last 15 current paid-up equity capi- LISTED PEERS: creating high competition
months period, its indi- tal of Rs. 10.20 cr. will remain As per the offer docu- going forward. The recent
vidual consumer business the same as this is a pure ments, VDCL has shown Dr IPO of south based Krsnaa
contributed of around 92% secondary offer. Based on Lal Pathlabs and Metropo- Diagnostic performed miser-
of the total revenue. the upper price band, the lis Healthcare as its listed ably post a listing. This is a
ISSUE DETAILS/CAPI- company is looking for a peers. They are currently pure secondary offer. Con-
TAL HISTORY: market cap of Rs. 5414.39 cr. trading at a P/E of around sidering all these param-
To provide an exit to few FINANCIAL PERFOR- 85.02 and 57.29 (as of Au- eters, risk seekers/cash sur-
existing stakeholders and MANCE: gust 27, 2021). Recently plus investors may consider
avail listing benefits, VDCL On the financial perfor- listed Krsnaa Diagnostic is an investment with a long
is coming out with a maiden mance front, on a consoli- trading at a P/E of 15.48 as term perspective.
book building route IPO via
NAAPBOOKS BSE STARTUP IPO REVIEW (MAY APPLY)
secondary issue i.e. by way
of Offer for Sale of 35688064
equity share of Re. 1 each. PREFACE:
o NBL is engaged in IT solutions and the development
The issue is opening for GYR Capital Advisors
of related apps.
subscription on September Pvt. Ltd. is a newly born
01, 2021, and will close on merchant banker firm started o It has posted slow growth in its top and bottom lines
for the last three years.
September 03, 2021. The by ex-associates of Fast
company has fixed a price Track Finsec Pvt. Ltd. o Based on financial parameters, the issue is aggres-
sively priced.
band of Rs. 522 - Rs. 531 per (which has a non-impressive
share for this offer and mulls track record) along with new o Small equity post IPO indicates a long duration for
migration to the mainboard.
raising Rs. 1895.04 cr. (at the partners.
upper price band). The ap- ABOUT COMPANY: o Comparison with IT giants as peers is surprising.
plication is to be made for a Naapbooks Ltd. (NBL) ISSUE DETAILS/CAPI- Advisors Pvt. Ltd. and KFin
minimum of 28 shares and is engaged in the business TAL HISTORY: Technologies Pvt. Ltd. is the
in multiples thereon, there- of developing and provid- To part finance its needs registrar to the issue. Bee-
after. Post allotment, shares ing Information Technologi- for working capital (Rs. 2.00 line Broking Ltd. will be the
will be listed on BSE and cal solutions to corporates cr.), purchase of equipment market maker for this issue.
NSE. The issue constitutes for their requirements. The (Rs. 0.50 cr.), marketing ini- Having issued/con-
35% of the post issue paid- company develops and pro- tiatives (Rs. 0.40 cr.) and verted initial equity at par,
up capital of the company. vides Fintech App, Cloud general corpus funds, NBL the company raised further
The company has re- Consulting, Blockchain is coming out with a maiden equity at Rs. 71 per share in
served 150000 equity shares App, Mobile App, Web IPO of 539200 equity shares August 2020 and September
for eligible employees and App, Embedded App prod- of Rs. 10 each via book 2020. It has also issued bo-
offering a discount of Rs. 52 ucts to its clients. The ser- building route to mobilize nus shares in the ratio of 55
per share to them. From the vices broadly cover design- Rs. 3.99 cr. at the upper cap. for 1 in June 2020. The aver-
residual portion, it has allo- ing, developing, operating, The company has fixed a age cost of acquisition of
cated 50% for QIBs, 15% for installing analyzing, design- price band of Rs. 71 - Rs. 74 shares by the promoters is
HNIs and 35% for retail in- ing, maintaining, converting, per share. Minimum applica- Rs. 0.18, Rs. 0.80 and Rs.
vestors. Book Running porting, debugging, coding tion is to be made for 1600 6.79 per share.
Lead Managers (BRLMs) to and programming software shares and in multiples Post issue, NBL's current
this offer are ICICI Securi- to be used on a computer or thereon, thereafter. The is- paid-up equity capital of Rs.
ties Ltd., Edelweiss Finan- any microprocessor-based sue opens for subscription 1.32 cr. will stand enhanced
cial Services Ltd. and Kotak device or any other such on September 01, 2021, and to Rs. 1.86 cr. Based on the
Mahindra Capital Co. Ltd. hardware. will close on September 06, upper cap of IPO price, the
The Company is also 2021. Post allotment, shares company is looking for a
engaged in Software will be listed on BSE market cap of Rs. 13.74 cr.
Consultancy services. It
Startups. The issue consti- FINANCIAL PERFOR-
adheres to all necessary tutes 29.04% of the post is- MANCE:
regulatory specifications. sue paid-up capital of the On the financial perfor-
As of the date of filing this company. mance front, for the last
The issue is solely lead three fiscals, NBL has
employees on the roll. managed by GYR Capital Continue on ......05
 THE 3
Date: 30.08.2021 to 05.09.2021
ECONOMIC REVOLUTION FINANCIAL WEEKLY

NIFTY HAS CROSSED THE RESISTANCE NEAR 16700, AND NAM-INDIA BHARATFORG
NOW SUPPORT IS NEAR 16650 AND RESISTANCE NEAR 16850
AP’s Weekly picks
Abhijit Phatak
ap@definedge.com
Buy NAM-INDIA above 412 with stop- Sell BHARATFORG below 718 stop-loss
loss below 380 for target 477 and 554 above 742 for target 626 and 545
ABB ADANIPORTS

Buy ABB above 1868 with stop-loss
below 1776 for target 2492
Buy ADANIPORTS above 730 with stop-
loss below 695 for target 849 and 971
GRANULES
JINDALSTEL
Sell GRANULES below 323 with stop- Sell JINDALSTEL below 363 with stop-
loss above 336 for target 273 and 230 loss above 378 for target 308 and 261
JACKPOT SCRIP FOR BONANZA RETURNS

BALARAMCHIN
Buy BALARAMCHIN aboe 372 with
Stop-loss below 355 for target 428 and 482
NOCIL
Buy NOCIL above 279 with
stop- loss below 259 for target
317
SBICARD
Buy SBICARD above 1095 with stop-loss
below 1045 for target 1288
TATAELEXSI
Buy TATAELEXSI above 4876 with stop-
loss below 4775 for target 5333 and 5997
BUY BSE AND NSE LISTED ANMOL
creasing urbanisation is ex-
ANMOL INDIA LTD is
focusing on achieving End to
End supply chain manage-
ment in the best possible way.
We are proud to say that we
are one of the very few coal
company who have been able
to achieve this. From procur-
ing coal from overseas in
quantum of One lakh tons per
shipment to delivering that
coal to factories of the end
users in quantum of 35 tons
per cargo, Anmol India does
it all. Unique Mix of Cus-
tomer: 70% Trader and 30%
End user. Traders help in ad-
vance booking, risk mitiga-
tion and quick inventory turn-
over. End user help in better
margin and inventory turn-
over in bearish market.
Khambatta Securities' re-
INDIA LTD
BSE 542437
NSEAnmol
CMP RS 191.75
SHORTTERMTARGET
RS. 271
POSITIONALTARGET
RS 350
search report on Anmol India
Anmol India Limited
(Anmol) is a bulk supplier of
imported coal, providing end-
to-end coal supply chain
management solutions. The
company specialises in
supplying high GCV coal,
USA coal, Indonesian coal,
Saudi pet coke and USA pet
coke, commanding a size-
able 16% share of the USA
coal market in India. A grow-
ing and industrialising
economy along with in-
pected to drive up energy
use as coal is seen to re-
main India's energy main-
stay for next 30 years. In-
dia does not produce ad-
equate quantity of coal to
meet the domestic demand
while various types, grades
and varieties of coal are re-
quired for different end uses.
As a result, coal imports are
expected to remain strong
going forward.
Outlook
At current levels, the
Anmol stock trades at an at-
tractive 8.8x FY24E EPS. As-
signing a target P/E multiple
of 13.0x FY23E EPS, we value
Anmol at Rs 255, informing a
BUY rating with an upside
of 48%. ***
 4 THE
FINANCIAL WEEKLY
ECONOMIC REVOLUTION Date: 30.08.2021 to 05.09.2021

Gold is likely to maintain a bullish move above 46632 and silver at 61923
From the Editor
While crude oil is likely to maintain a strong bullish move above 5589
Crude oil has been trad- of short covering which did not
ing at a healthy profit for the break the level for the whole
It is not often that nine judges are appointed to the past month with a 3-year high, Commodity Corner week where a move towards
Supreme Court at one go. In a welcome sign of coop- but last week Nymex crude oil improvement from Rs 61,800
eration between the judiciary and the executive, the showed a near-high of $ 69 ASHISH NAYAK saw a high price near Rs 64,700.
President of India has signed warrants of appointment with strong short covering 9376988765, 9924279825 Technically the MCX silver
within days of the five-member Collegium recommend- with strong psychological rosenayak.1984@yahoo.com loose bull flag is forming on the
support of $ 60. MCX Crude weekly chart which indicates a
ing eight High Court judges, including three women, 47486. be considered as support near
Oil opened at a low of Rs 5,292 correctional move in silver with
and a lawyer for elevation. It is nearly two years since On the weekly chart, MCX $ 1819 while support near $ short covering over the near
at the beginning of the week
Supreme Court appointments were made, and some Gold is forming a dead cat 1782. support Rs 61923 and 60388.
and showed a weekly low of
vacancies have been around for quite some time now. Rs 5,180. In last week's article, bounce which indicates that MCX Silver opened at Rs The nearest Upper Bollinger
The latest round of appointments possibly signifies the rupee maintained a bullish the bullish move is maintained 61,940 at the beginning of the Bands in MCX Silver are open-
the onset of an era in which the two branches agree above the near support of Rs week, showing a weekly low ing above Rs 64019 and 64852
move above 73.70 against the
dollar, a level that did not break 46632 and Rs 45600 in gold. below Rs 61,800 and a weekly which should be considered as
more and agree faster on the Collegium’s recommen-
throughout the week where a The low price below Rs 45600 bullish move above Rs 63,700. a resistance near the level.
dations. The strength of the Bench goes up to 33, in a can be seen breaking with Rs
bullish move was seen near In last week's article, MCX Sil- Comex Silver has resistance
court that has a sanctioned complement of 34 judges. 46632 heavy volume and clos-
73.80. Reported as a resistance ver bullish move above Rs near $ 24.28 while $ 22.90 should
The presence of three women and the fact that differ- ing below it. Comex Gold can 60,526 was seen with the help
near 74.75 which did not cross be considered as support.
ent High Courts are getting representation are posi-
the level for the whole week
tive features and augur well for increasing diversity
on the Bench. In particular, Justice B.V. Nagarathna’s
elevation at this point of time means that she may be-
whereas 74.50 showed a sell-
off near 74 below the level
Madhav Ranade
(M) 09371002943
Trading levels
come the first woman Chief Justice of India (CJI). The
shown at the end of the week.
On the weekly chart, MCX or email : 30TH / 03TH
trend of appointing members of the Bar directly to the Crude Oil Iceland formed a bot-
Supreme Court continues with the honour going this tom breakout, indicating that
the bullish move above 5589
sumamura@dataone.in
September 2021
time to former Additional Solicitor-General, P.S.
and Rs 5501 in crude oil will
Narasimha, who is also in line to be Chief Justice by
efflux of time. continue. The low price below Indices weekly levels
Rs 5501 can be seen breaking position trading weekly DATE 30th august / 3rd september 2021
A notable candidate whose name does not figure stocks / indices go entry Target Stoploss
with Rs 5589 heavy volume
in the list is Justice Akil Kureshi, Chief Justice of the and closing below it. In crude cnx nifty short 16750 16600/450/300 16900
Tripura High Court, who is fairly high in the all-India oil, the nearest upper zigzag is long 16900 17050/200 16750
seniority list of High Court judges. That the finalisation opening above Rs 5758 to Rs BSE SENSEX short 56250 55700/150/54600/050 56800
of the recommendations came about after the retire- 5853 which can be considered long 56800 57350/900 56250
ment of Justice Rohinton Nariman — and a change in as a close near the level. Nor- bank nifty short 35650 35250/34850/450/050 36050
the composition of the Collegium with it — may indi- mal profit below Rs 5758 can long 36050 36450/850 35650
cate that the names were the outcome of a compro- be seen selling while prices cnx IT short 34450 34050/33650 34850
mise. It is not idle speculation to say that Justice above Rs 5853 can be seen
long 34850 35250/650 34450
crossing the barrier.
Kureshi’s candidature may have been behind stagna-
Gold opened at a high of
tion in the appointment process for a long time. Two Rs 47,121 at the beginning of US INDICES
years ago, a proposal by the Collegium to name Jus- the week and showed a dow 30 short 35400 35000/34600/34200 35800
tice Kureshi as Chief Justice of the Madhya Pradesh weekly high above Rs 47,600. long 35800 36200/600/37000 35400
High Court was recalled for accommodating the In last week's article, MCX S&P 500 short 4495 4450/05/360/315 4540
Centre’s sensitivities. He was later assigned to the Gold maintained a bullish move long 4540 4585/630 4495
Tripura High Court. In the larger scheme of things, the above Rs 46742 which did not nasdaq composite short 15000 14825/650/475/300 14860
omission of individuals may not matter much, but it break the level for the whole long 15175 15350/525 14750
must not become a practice to sidestep suitable candi- week where a high of Rs 47500 DOLLAR INDEX short 92.6 92.25/91.9 92.95
was seen near Rs 46900. Re- long 92.95 93.3/93.65/94 92.6
dates without sufficient cause solely to accommodate
ported as a barrier near Rs
the executive’s reservations. After all, the opaque col- 47940 which level has not been
legium system is sustained only by the belief that it is DOLLAR PRICES FOR GOLD / SILVER
crossed for the whole week.
a bulwark against executive intervention. This raison CRUDE short x x x
The nearest Upper Bollinger
d’être should not be lost sight of. Going forward, one Bands in gold is opening at long x x x
would wish for fewer spells of impasse in judicial ap- Rs 47486 to Rs 47870 which GOLD short 1804 1783/62 1825
pointments, quicker processing of names, and greater can be considered as a level long 1825 1846/67 1804
close barrier. Targets above Rs SILVER short 24.05 23/75/23.45/23.15 24.35
consideration to social and regional representation.
47870 can be seen crossing Rs long 24.35 24.65/24.95 24.05

Metal , power stocks again up this week
As per Col Ajay CEO
www.ajayastromoneyguru.com
first week of sept 2021
represented by planet
known as venus and
year 2021 represented
by planet known as
Mercury .
This week Sun will
be own house and
Mars in Leo sign , Jupi-
ter in Kumbh Rashi .
Important planet
Saturn will be Makar
Rashi.
All these combina-
tion may bring good
rains in Gujarat resion .
Gujrat is facing
shortage of Rain fall
now as per financial as-
trology time for good
CNX AUTO short 9825 x 9950
still postive . long 9950 x 9825
ASTROMONEY GURU The above predic- CNX ENERGY short 19900 x 20100
tion and Analysis is long 20100 x 19900
COL.AJAY done basis of Funda- CNX FMCG short 38500 x 38750
mental Analysis and Fi-
(M) 09414056705 long 39000 x 38750
nancial Astrology .
astromoneyguru@gmail.com cnx infra short 4570 x 4600
Risk management is
www.ajayastromoneyguru.com long 4600 x 4570
mandatory tool in stock
rain in Gujrat . Market . CNX METAL short 5400 x 5450
As per Financial As- Investers can visit long 5500 x 5450
trology this week metal our youtube channel NIFTY MID100 short 27700 x 27950
, power and oil ,& gas Ajayastromoneyguru at long 27950 x 27700
stocks looking positive you tube channel for CNX PHARMA short 13975 x 14100
. regular daily show on long 14100 x 13975
Keep eyes SAIL, stock , Commodity and CNX PSU BANKS short 2280 x 2300
Ta t a s t e e l , Ve d a n t a , currency market . long 2300 x 2280
ONGC. Yo u m a y u s e y o u r cnx pvt banks short 18280 x 18500
Timely profit book- wisdom and consult long 18500 x 18280
ing is mandatory in your analyst before tak-
CNX REALTY short 378 x 381
short term trading in ing any decision .
stock market . The above Analysis long 381 x 378
Long to mid term only for Education pur- NIFTY SMALLCAP100 short 10000 x 10150
trend of stock market pose. long 10150 x 10000
 THE 5
Date: 30.08.2021 to 05.09.2021
ECONOMIC REVOLUTION FINANCIAL WEEKLY

IPO CORNER
posted turnover/net profits
of Rs. 2.21 cr. / Rs. 0.14 cr.
(FY19), Rs. 2.25 cr. / Rs. 0.32
cr. (FY20) and Rs. 2.71 cr. /
Rs. 0.47 cr. (FY21).
For the last three years,
NBL has reported an aver-
age EPS of Rs. 4.37 and an
average RoNW of 39.01%.
The issue is priced at a P/
BV of 4.81 based on its NAV
of Rs. 15.37 as of March 31,
2021.
If we attribute FY21 earn-
ings on post-issue fully di-
luted equity, then the ask-
ing price is at a P/E of 29.25
based on the upper cap.
Thus the issue is aggres-
sively priced.
COMPARISON WITH
LISTED PEERS:
As per the offer docu-
ments, NBL has shown
CONTD FROM PAGE 2
Infosys Ltd., Happiest
Minds and Tech Mahindra
as its listed peers. They are
currently trading at a P/E of
around 38.78, 136.18 and
32.08 (as of August 27,
2021). Comparison with IT
giants is an eyewash to
tempt investors. However,
they are not truly compa-
rable on an apple to apple
basis.
DIVIDEND POLICY:
The company has not
paid any dividends since
incorporation. However, it
will follow a prudent divi-
dend policy post listing
based on its financial per-
formance and future pros-
pects.
M E R C H A N T
BANKER'S PERFOR-
MANCE:
This is the first mandate
from GYR Capital and hence
has no track record. Please
refer to PREFACE for more
info.
Conclusion / Investment
Strategy
Though the company
has posted slow growth in
its top and bottom lines,
aggressive pricing of the
issue and increasing com-
petition are major con-
cerns. Comparison with
bigwigs is nothing but an
eyewash to tempt inves-
tors. Small equity post IPO
indicates a longer duration
for migration to the
mainboard. Hence risk
seeker/cash surplus inves-
tors only may consider in-
vestment for long term,
rest can avoid.
BEW ENG. NSE SME IPO REVIEW (MAY APPLY)
ABOUT COMPANY:
o BEW has shown a growing pattern for top lines for
BEW Engineering Ltd.
the last three fiscals.
(BEW) is engaged in the o However, it has shown inconsistency for bottom
design and manufacture of lines with super profit for FY21.
Pharmaceutical & Chemical o Sustainability of super performance is a major
plants and process equip- concern.
ment. It designs and manu- o The company has borrowings at alarming levels.
o Though the issue is lucratively priced, risk seek-
factures a special range of ers may consider an investment.
filtration, mixing and drying
Rs. 20.61 and Rs. 24.89 per Pfaudler and HLE Glascoat
equipment specifically used
share. as its listed peers. They are
in Pharmaceuticals, Sterile
Post issue BEW's cur- currently trading at a P/E of
Applications, Intermediate
rent paid-up equity capital 60.45 and 94.12 (as of August
Compounds, Fine Chemi-
of Rs. 1.90 cr. will stand en- 27, 2021). Its comparison with
cals, Chemicals, Agro
hanced to Rs. 2.58 cr. Based established players is an
Chemicals, Pesticides, In-
on its IPO pricing, the com- eyewash for tempting inves-
secticides, Dyes and Food
pany is looking for a market tors. However, they are not
Products. These equip-
cap of Rs. 14.97 cr. truly comparable on an apple
ments are manufactured
FINANCIAL PERFOR- to apple basis.
from materials such as Stain-
MANCE: DIVIDEND POLICY:
less Steel, Alloy Steel,
On the financial perfor- The company has not
Hastelloy etc. with various
mance front, for the last declared any dividend and
linings as per International
three fiscals, the company has no formal dividend
Codes: a) IS b) BS c) ASME

PLATINUMONE BUSINESS BSE SME IPO REVIEW (MAY APPLY)

ABOUT COMPANY:
PlatinumOne Busi-
ness Services Ltd.
(PBSL) is in the business
of providing Business
Process Management
Services that covers cus-
tomer acquisition, the
process for lead conver-
sion, customer care,
channel management,
lead generation, loyalty
programme through call
centres. Currently, many
corporates are
outsourcing such ser-
vices to minimize their
spending for effective
cost controls.
According to PBSL,
they have provided such
services to Godrej Prop-
erties, Godrej Interio,
Edelweiss Tokio Life,
Ta l l y, L o d h a g r o u p ,
Hafele, Reliance Nippon,
Capital Foods etc. It has
421 employees on the
roll as of the date of fil-
ing this offer documents.
I S S U E D E TA I L S /
CAPITAL HISTORY:
To part finance its
needs for working capi-
tal (Rs. 2.55 cr.) and gen-
eral corpus funds (Rs.
0.84 cr.), PBSL is coming
out with a maiden IPO of
422400 equity share of
Rs. 10 each at a fixed
price of Rs. 92 per share
to mobilize Rs. 3.89 cr.
The issue opens for sub-
scription on September
02, 2021, and will close
on September 07, 2021.
Minimum application is
to be made for 1200
shares and in multiples
thereon, thereafter. Post
allotment, shares will be
listed on the BSE SME
platform. The issue con-
stitutes 26.69% of the
post issue paid-up capi-
has posted turnover/net policy. However, post listing
d) TEMA e) DIN f) CE Marks
profits of Rs. 63.85 cr. / Rs. it will follow a prudent divi-
etc.
0.71 cr. (FY19), Rs. 67.71 cr. / dend policy based on its fi-
ISSUE DETAILS/CAPI-
o PBSL is engaged in providing business process Rs. 0.66 cr. (FY20) and Rs. nancial performance and fu-
TAL HISTORY:
management services. 73.55 cr. / Rs. 2.87 cr. (FY21). ture prospects.
o It has posted inconsistency in its top and bottom To part finance its needs
The sudden boost in bot- M E R C H A N T
lines for the last three years. for working capital (Rs. 3.48
o Based on IPO expenses, the issue is fully struc- tom lines for FY21 raises BANKER'S PERFOR-
cr.) and general corpus
tured. eyebrows as it was a pan- MANCE:
funds (Rs. 0.19 cr.), BEW is
o The company is facing competition from many big demic year. Super profits for This is the 10th mandate
coming out with a maiden
corporates. pre-IPO year lead to some from First Overseas Capital
o Cash surplus/risk seekers may consider invest- IPO of 684000 equity share
accounting jugglery in in- Ltd. (FOCL) in the last four
ment for the long term. of Rs. 10 each at a fixed price
ventory. The sustainability fiscals (including the ongo-
tal of the company. The cr. (FY21). of Rs. 58 per share to mobi-
of such performance going ing one). However, it has
company will be spend- lize Rs. 3.97 cr. The issue
For the last three forward is doubtful. shown past listing perfor-
ing Rs. 0.50 cr. for this years, the company has opens for subscription on
Based on interest outgo mance for 6 IPOs only out of
entire IPO process. This posted an average EPS of September 02, 2021, and will
and finance cost, the com- which 2 opened at par and
indicates that the issue is Rs. 13.03 and an average close on September 07, 2021.
pany has higher debt as of the rest with premiums rang-
already structured and RoNW of 29.15%. The is- Minimum application is to
March 31, 2021 (over Rs. 28 ing from 1.4% to 5.89% on
pre-sold and is just fol- sue is priced at a P/BV of be made for xx shares and in
cr. short/long term borrow- the day of listings. (Refer
lowing the formalities for 1.63 based on its NAV of multiples thereon, thereaf-
ings (see page no. 32 of of- page no. 165 of the offer
listing purposes. ter. Post allotment, shares
Rs. 56.51 per share as of fer documents). documents). According to
The issue is solely March 31, 2021, and at a will be listed on the NSE
With the super earnings FOCL's website, it has
lead managed by Gretex P/BV of 1.39 on the basis SME Emerge platform. The
for FY21, for the last three handled 9 IPOs in the period
Corporate Services Ltd. of its post issue NAV of issue constitutes 26.50% of
years, the company has referred in the offer docu-
and Bigshare Services R s . 6 5 . 9 9 . T h e r e i s a the post issue paid-up capi-
posted an average EPS of ments and based on it this
Pvt. Ltd. is the registrar garble in NAV data calcu- tal of the company. The
Rs. 10.93 and an average the current mandate is the
to the issue. Gretex Share lations on page 63 of the company will be spending
RoNW of 18.58%. The issue 10th one. Merchant banker's
Broking Pvt. Ltd. will be offer documents. Rs. 0.30 cr. for this IPO pro-
is priced at a P/BV of 1.13 website does not have any
the market maker for this cess.
If we attribute FY21 based on its NAV of Rs. info on the track record of its
issue. The issue is solely lead
earnings on post IPO 51.24 per share as of March mandate.
The company has is- fully diluted equity, then managed by First Overseas
31, 2021, and at a P/BV of Conclusion / Investment
sued entire equity at par the asking price is at a P/ Capital Ltd. and Bigshare
1.09 based on its post-issue Strategy
so far and has also issued E of 13.45, making the is- Services Pvt. Ltd. is the reg-
NAV of Rs. 53.03 per share. Though the prima facie
bonus shares in the ratio sue fully priced. istrar to the issue. NNM Se-
If we attribute FY21's issue appears lucratively
of 115 for 1 in June 2020. curities Pvt. Ltd. will be the
C O M PA R I S O N super earnings on post-is- priced, its alarming level of
The average cost of ac- WITH LISTED PEERS: market maker for this issue.
sue fully diluted equity, then borrowings and the
quisition of shares by Having issued initial eq-
As per offer docu- the asking price is at a P/E of sustainability of its profitabil-
the promoters is Rs. NA ments, the company has uity at par, the company
5.21 making it a lucratively ity going forward raised con-
and Rs. 0.09 per share. raised further equity in the
shown Allsec Techno, priced offer. But based on its cern. Even the equity base
Post issue, PBSL's Firstsource Solu and price range of Rs. 25 to Rs.
average EPS P/E comes to post IPO is too small and it
current paid-up equity eClerx as its listed peers. 50 per share between Feb-
5.31 and based on FY20 earn- will take a pretty long time to
capital of Rs. 1.16 cr. will They are currently trading ruary 2013 to March 2021. It
ings it comes to 22.65. migrate to the mainboard.
stand enhanced to Rs. at a P/E of 7.07, 31.14 and did a rights issue at Rs. 30
COMPARISON WITH Considering all these, risk
1.58 cr. (1582400 shares). 29.12 (As of August 27, per share in March 2021 i.e.
LISTED PEERS: seekers cash surplus inves-
Based on the IPO pricing, 2021). However, they are just before the IPO. The av-
As per offer documents, tors may consider investing
the company is looking not truly comparable on erage cost of acquisition of
BEW has shown GMM for the long term.
for a market cap of Rs. an apple to apple basis. shares by the promoters is
14.56 cr. pects. miums ranging from duration for migration to
Comparison with bigwigs
FINANCIAL PER- appears as an eyewash to M E R C H A N T 0.62% to 7.97% on the day the main board. The com-
FORMANCE: BANKER'S TRACK of listings. Thus it has an pany operates in a highly
impress investors.
On the financial per- RECORDS: average track record. competitive segment with
DIVIDEND POLICY:
formance front, for the This is the 13th man- Conclusion / Invest- many players. The
The company has not
last three fiscals, PBSL paid any dividends since date from Gretex Corp in ment Strategy sustainability of its su-
has posted turnover/net its inception. However, it the last four fiscals (in- Though the issue ap- perb performance raises
pears lucratively priced concerns. Risk seeker/
profits of Rs. 18.9 cr. / Rs. will follow a prudent divi- cluding the ongoing one).
based on super earnings, cash surplus investors
1.76 cr. (FY19), Rs. 26.18 dend policy post listing Out of the last 10 listings,
may consider investment
cr. / Rs. 2.04 cr. (FY20) based on its financial per- 1 opened at discount and its small equity base post
for the long term, others
and Rs. 20.21 cr. / Rs. 1.08 formance and future pros- the rest opened with pre- IPO indicates a longer can ignore it.
 6 THE
FINANCIAL WEEKLY
ECONOMIC REVOLUTION Date: 30.08.2021 to 05.09.2021

INVESTMENT OPPORTUNITY IN CURRENT VOLATILE MARKET CONDITION

While reviewing the
market indicators alongwith
the contributors for market
volume, we have noted that
Institutional investors daily
volume has reduced and re-
tail investors increased. This
shows that the retail inves-
tors has become aggressive
and see potential to make
quick money with bulls in
mind. IPOs listed in last two
weeks has given the dis-
count and marginal appre-
ciation as listing gain. Few
more IPOs in pipelines by
August end.
Any correction in index
due to any news and market
sentiments changes as all
stock are at near to all time
high and above the normal
valuation parameters. Re-
tails investors participation
has increased so it will have
major loss to retails inves-
tors if market fall. Investors
coming weeks even though near to that criteria’s. This company having Spread
index has increased in last selection is subjective only
Kaushik Bhupatrai Joshi between the 52 weeks low
two weeks. This is time for as two company of different
and high less than 50 % and
C.A.Mumbai, profit booking and wait for size and industry cannot
CMP above 20 % of 52
M) 9892392633 correction. compare on few options.
weeks low price.
E mail: fmindiain@yahoo.com Step 1 For higher return- Select
Step 4
Select Company for in- the company having CMP
overbuy position in all in- After the above step 3,
should avoid small and mid vestment from NEFTY 200 is very close to 52 low (
dex stock. selection can be narrow
cap shares during this pe- list only and avoid small cap CMP shall be above 15 % of
Further this week, major down by selecting company
riod and change to portfo- company. Prefer Industry 52 weeks low price) and
A and B group companies will be AMC, FMCG, Con- CMP is far away from 28 having PE - Price Earning
lio to large cap companies.
has achieved 52 week high struction and engineering, weeks average higher price less than 25 times and Price
Investors feel that this
and even all time high, this Cement, Steel, Heavy Elec- ( 28 weeks average higher to Book Value less than 15
will time to enter to get ben-
lead to more buyout posi- trical and Equipment, Indus- price should be 100 % and times.
efits in near future but we
have not seen much big tion and price at higher valu- trial Machinery and Power above CMP ). Step 5
downfall or correction. ation. This leads to less op- and Energy. For Moderate return - Just review the financial
Hence need to study and portunity for higher gain in Step 2 Select the company having of last two quarters and lat-
wait before buying for mid- near future. This list of rec- Create XLS table with CMP is close to 52 low est news about the com-
term investment. Big Inves- ommended stock is selected following data and format. (CMP shall be above 50 % pany \ industry to give sec-
tors don’t feel much in con- on more conservative basis Table given is indicative and of 52 weeks low price) and ond thought while making
trol with traditional stock and considering the Price to prepared based on Price of CMP is away from 52 weeks investments.
market ratios and other in- Book value, low PE and gap equity shares on 28/08/ high price ( 52 weeks high Based on above study
dicators proving to be little between the current prices 2021. price should be 75 % and and methodology follows
values these days as equi- with all time high price of the Step 3 above CMP ). by investors, I believe in-
ties go from strength to script. Identify the company to For Long Term invest- vestors shall earn reason-
strength. There will be high Investors will see bear- make investment having fol- ment with moderate return ably good return in 9
correction very soon due to ish correction in index in lowing criteria’s to match or with less risk - Select the months.

INDIAN SECURITY FOR INVESTMENT - MID TERM ( Period 9 months )

Company Name CMP AS ON 52 WEEKS ALL TIME 200 DAYS 52 WEEKS % ALL TIME Spread between SUGGESTION
28-08-21 HIGH LOW HIGH MVA RATE 52 HIGH 52 LOW ABOVE CMP 52 WEEKS Investment
BELOW ABOVE IN % HIGH AND
LOW
1 YESBANK 11 21 12 390 15 89% -7% 3445% 75% HIGHER
2 UNIONBANK 34 45 23 180 33 33% 47% 429% 96% HIGHER
3 DHANI 186 396 150 824 245 113% 24% 343% 163% HIGHER
4 RBLBANK 162 274 156 694 216 69% 4% 328% 76% HIGHER
5 VARROC 293 478 196 1,100 377 63% 49% 275% 143% HIGHER
6 ZEEL 170 261 156 610 207 54% 9% 259% 67% HIGHER
7 NBCC 44 60 22 140 40 36% 98% 218% 169% HIGHER
8 GEPIL 320 530 177 983 290 66% 81% 207% 199% HIGHER
9 BANKINDIA 68 101 38 204 64 49% 78% 200% 165% HIGHER
10 INFIBEAM 40 59 37 120 45 48% 9% 200% 61% HIGHER
11 UJJIVANSFB 19 45 25 55 33 135% -24% 189% 78% HIGHER
12 ENGINERSIN 71 93 60 205 76 32% 17% 189% 54% HIGHER
13 ALOKINDS 21 40 19 54 22 90% 13% 157% 114% HIGHER
14 WOCKPHARMA 395 805 266 983 503 104% 48% 149% 203% MODERATE
15 SYMPHONY 911 1,529 820 2,123 1,050 68% 11% 133% 86% HIGHER
16 BHEL 51 80 27 115 50 56% 91% 125% 197% MODERATE
17 TV18BRDCST 34 49 26 70 34 44% 30% 106% 86% MODERATE
18 MAHABANK 18 32 11 36 20 78% 71% 100% 203% MODERATE
19 WELCORP 118 166 96 227 134 41% 23% 92% 72% MODERATE
20 EXIDEIND 157 219 154 300 186 40% 2% 91% 43% MODERATE
21 HINDCOPPER 115 197 31 197 108 71% 267% 71% 529% LONG TERM
22 AARTIDRUGS 603 1,027 510 1,030 706 70% 18% 71% 101% MODERATE
23 IFBIND 919 1,503 383 1,504 1,061 64% 140% 64% 293% MODERATE
24 GMMPFAUDLR 4,330 6,900 3,335 6,900 4,169 59% 30% 59% 107% MODERATE
25 RCF 72 100 42 110 68 39% 73% 53% 140% LONG TERM
26 AMARAJABAT 683 1,026 693 1,025 838 50% -1% 50% 48% LONG TERM
27 JCHAC 2,163 2,940 2,015 3,209 2,373 36% 7% 48% 46% LONG TERM
28 AUROPHARMA 708 1,064 738 1,050 916 50% -4% 48% 44% LONG TERM
29 HEROMOTOCO 2,671 3,629 2,705 3,850 3,050 36% -1% 44% 34% LONG TERM
30 BIOCON 346 488 363 488 409 41% -5% 41% 34% LONG TERM
31 GESHIP 332 445 211 466 314 34% 58% 40% 111% LONG TERM
32 WHIRLPOOL 2,010 2,787 1,980 2,787 2,256 39% 2% 39% 41% LONG TERM
33 MANAPPURAM 160 218 139 218 167 36% 15% 36% 57% LONG TERM
34 HAL 1,380 1,423 658 1,305 966 3% 110% -5% 116% LONG TERM
35 NLCINDIA 949 74 46 113 55 -92% 1954% -88% 60% MODERATE

JACKPOT SHARE FOR HUGE RETURNS able to provide banking services of money in an account of any are happy and honored to an-
nounce this partnership with
to all its franchisees across In-
BUY BSE AND NSE LISTED VAKRANGEE
VAKRANGEEPARTNERS
LTD
13,000 Banking BC points and
dia, further strengthening the fi-
bank (Interoperable Banking) •
Balance enquiry / Mini Statement Punjab National Bank (PNB)
CMP RS.40.85 nancial inclusion drive in the of Account • Aadhaar seeding, which enables us to having
WITH PUNJAB NATIONAL 4th Largest ATM operator in Banking BC point services
SHORTTERMTARGET country. Vakrangee will be pro- Mobile seeding, Rupee Card
BANK(PNB)FORPROVIDING RuralIndiawithmorethan5,400+ across our NextGen vakrangee
BANKINGSERVICESONPAN RS.60 viding key Banking services Activation • Social security
ATMs. kendras on a Pan India basis. We
INDIABASIS POSITIONALTARGET RS 80 such as: - • Enrolment of custom- schemevizPMSBY,PMJJBY&
The Company is well on are well on track with respect to
BSE:511431and NSElisted, vices for “Pan India” at Nextgen ers (Account opening) through APY
track to increase the operational our growth strategy to increase
[VAKRANGEE]VakrangeeLim- Vakrangee Kendra outlets. digital eKYC solution • Opening Commenting on this Initia-
NextGen store footprint from our Operational NextGen
ited (VL) and Punjab National Vakrangee has emerged as of all saving account particularly tive, Mr. Dinesh Nandwana,
current 11,900 to 25,000 stores kendrasto25,000byMarch2022
Bank (PNB) entered into partner- one of the leading Financial In- BSBD account and other deposit Managing Director & Group
by March 2022. and to 75,000 by March 2026.
ship to provide BC banking ser- clusion player with more than accounts • Deposit/Withdrawal CEO, Vakrangee Ltd. said, “We
Vakrangee Ltd will be now ***

Date: 30.08.2021 to 05.09.2021
A historic bullish move above 55679 in Sensex
and 16658 in Nifty remains unchanged
The Sensex opened at
55575 at the beginning of
the week with a weekly low
of 55233 and a weekly and
all-time high above 56179.
Last week's article said that
the sell-off should remain
below 56041 which saw nor-
mal selling from the high
level near the level where
55700 showed the lower
level. Targets of 56041
stated above 55603 which
achieved the targets. 54808
as support near which the
level did not break through-
out the week where 55233
showed a level above 56179
with a rise above 900 points
with a move towards im-
provement from the low
level near. Axis Bank said
last week's trading recom-
mendation to set a bearish
trade close to Rs 755 and Rs
770 with a low price of Rs
730 below Rs 751 and Rs
760. Dabur recommended a
rally with support at Rs 594
and Rs 585 in which the tar-
get of Rs 718 was achieved
by taking a close of Rs
589.JSW Steel reported a
bearish trade with a resis-
tance of 715, with a sell-off
near Rs 706 and a low of Rs
670. ICICI Bank reported a
bearish trade considering
the barriers of Rs 705 and
Rs 721, with a low of Rs 680
below the sell-off of Rs 700.
On a weekly basis, the
Sensex surged over 800
points with high volatile
moves.
The index has
been playing a consolida-
tion phase for the last 3
weeks so investors and trad-
ers should stay away from
bullish trading around sup-
port while bearish trading
around support. It is advis-
able to trade according to
the trend of accurate
breakout or breakdown. The
Sensex is witnessing the for-
mation of a flag breakdown
on the weekly chart which
indicates that the Sensex
will continue to move to-
wards 55679 and 55267.
55679 Breaking with heavy
volume and staying below
it can be seen below 55267
low levels. The nearest up-
per Bollinger Bands in the
Sensex are forming above
56680 to 57011 which can be
considered as a resistance
near the level. A contingent
profit below Rs 56,680 can
be seen selling. All techni-
cal indicators from the short
to medium term are trading
in the highly overbought
zone which can be consid-
ered negative for the short
THE
ECONOMIC REVOLUTION
ROCKING TIP MAKERS
ASHISH NAYAK
9376988765, 9924279825
rosenayak.1984@yahoo.com
to medium term.Even in the
ups and downs of the mar-
ket, some strong
TechnoFunda Valuable
Stocks may see a movement
of 20 to 40 percent in the
short to medium term, which
will be communicated to our
PMS and Trading member-
ship members
periodically.Readers who
want to join paid and deal
membership should call or
message WhatsApp on the
number given above. If the
support of 55267 in the in-
dex is broken next week and
closed below it for two con-
secutive days, huge profit
selling could be seen mov-
ing forward.
- Nifty Technical
(16705.20)
The
Nifty declined with strong
short-covering as the Au-
gust lows continued, with a
correctional move seen till
the last week of expiry. The
Nifty opened at 16582 with
a gap up opening at the be-
ginning of the week and
closed at a historic low level
above 16722, showing a
weekly low level below
16400 and a bullish move
with an attractive short cov-
ering near it. Last week, the
Nifty reported a sell-off be-
low 16577 and 16622, ac-
cording to which the barrier
was not crossed in the first
4 days of the week where
16582 and 16680 were seen
selling near 16400 below the
level. 16329 reported as im-
portant support which did
not break the level through-
out the week where 16380
showed a high level above
16700 with a close taken.
Bank Nifty reported 34290 as
important support which
did not break the level for
the whole week while the
resistance of 35772 was
seen to be near the continu-
ous sell-off. On a weekly
basis, the Nifty surged over
250 points with a sharp vola-
tile move.
The nearest
Donchen channel breakout
level in Nifty is opening
above 16791 to 16887 which
level can be considered as
the closest resistance for
next week. Profitable sell-off
below 16791 can be seen
while the level above the
new high 16887 is expected
to be seen crossing the bar-
rier. The Nifty is trading in a
highly overbought phase
but is constantly showing
new all-time highs, suggest-
ing a similar movement in
January and March 2020.
The Nifty Messrs. Move
uptrend on the weekly chart
indicates that the bullish
moves above 16658 and
16522 near the key support
in Nifty will continue. Lev-
els below 16522 can be seen
with 16658 breaking heavy
selling. The month of Sep-
tember may see heavy sell-
ing with the support of
16226 breakings where the
price may be seen near
15850. 34682 near support in
Bank Nifty while 36790 can
be considered as near resis-
tance.
- Short to medium term
trading and investment-ori-
ented recommendations
- DLF (311.85)
(Sell)..Short Term Targets Rs
298 and Rs 282
Traders
should take stock of the Rs.
322 and Rs. A heavy sell-off
could be seen at Rs 298. We
last recommended a bearish
move in this stock near Rs
332 as mentioned in the Au-
gust 16 article, where the
targets ranged from Rs 322
to Rs 314, all of which were
achieved last week and
showed a low price below
Rs 306.
- BHEL (54.10) (Sell) ..
Short term targets Rs 51 and
Rs 49
The stock has
been witnessing a sharp
downtrend over the last two
months, so traders should
not miss the opportunity to
build a bearish trade around
the barrier. Arranging a
short-selling trade consider-
ing the constraints of Rs 57
and Rs 60. Shares of Rs 51
to Rs 49 and Rs 46 can be
seen in the stock. Investors
should wait for Rs 30 and
Rs 22 for long-term invest-
ment in this stock.
- Narayan Health
(511.75) (Buy) .. Short Term
Targets Rs 526 and Rs 540
The stock has
seen an improvement last
week with a breakout after
healthy profit booking
which can be considered
positive for a short to me-
dium-term move. If the price
holds at Rs 498 and Rs 488,
a bullish trade can be made
with a proper stop loss.
Regular readers will keep in
mind that the recommenda-
tion to invest in this stock
is given in the article dated
16/5/2021 close to Rs 435
where the targets above Rs
471 are mentioned. After
achieving the targets, the
stock saw a price above Rs
540.The investment recom-
mendation stated on 24/5/
2021, Poddar Pigment has
got a return of 78% with a
WHY IS THERE ACTION IN G G ENGINEERING LTD.?
BUY BSE LISTED G G ENGINEERING LTD.
WITH A TARGET PRICE OF RS.51 CMP: 25.70
BSE listed G G
Engineering Ltd. (BSE:
540614), has announced
launch of its new product
line, the EV Charging
Station. With a view to
expand its product line, the
company has developed EV
Charging station from 3 KW
to 22 KW. The company will
commence manufacturing of
EV Charging station. These
stations shall be used to
charge 2/3/4 wheeler
vehicles. The production
and distribution network will
start in 3 months.
The product will be
completely “Made in India”.
The product will be
increasing awareness and
focus of Government of
India as well as state
governments on use of clean
energy and reducing usage
of fossil fuels in an efficient
NIFTY seems inner wave
NIFTY>>>>>seems inner
wave (1) of [v] completed from
16376-16508, wave (2) may be
completed from 16508- 16395
as very complex type of
Double Irregular Correction
and wave (3) may be in
progress. Wave (2) is very
complex Double Irregular Cor-
rection with wave (B) and in-
ner wave [(b) of (B)] is Irregu-
lar. It is a practical example of
Double Zigzag Irregular Cor-
rection pattern from learners.
Within wave (3), it seems in-
ner wave (i) completed from
16395-16519, wave (ii) may be
completed from 16519-16495
as Irregular Correction, wave
(iii) may be completed at 16712,
wave (iv) or (v) may be in
progress. 23%-38%
retracement progress of wave
(3) is placed at 16637-16590.
So 16637-16590 is immediate
support and 16590 is immedi-
ate downside breakeven
point. Nifty is positive zone as
long as trading above 16590
and can bounce towards
16829-17176 in coming ses-
sions. Any intraday weakness
can be expected after break be-
low 16590 only.
For medium/Long term,
14540-13197 is major support
and 13197 is major downside
breakeven point. Nifty is in
positive zone for medium/long
FINANCIAL WEEKLY
price above Rs.236 to
Rs.422, so investors should
book some profit while
maintaining long-term in-
vestment.
- Canara Bank (151.95)
(Sell) .. Short Term Targets
Rs 146 and Rs 142
Considering the
resistance of Rs 155 and Rs
159 in the stock, make a bear-
ish trade for the given tar-
gets with proper SL. We
have been reporting a bear-
ish trading price of Rs 300
on this stock ever since.
Where Rs 72 is below the all-
way and will upsurge the
demand of this products
and company expects to
carve a niche in the segment.
Recently, the Company
has commenced
manufacturing of GG ECO, a
fully automated system to
manage the Wet/Organic/
Food/Garden Waste at any
place. Inspired by the
Swachh Bharat Abhiyan,
GGE launched India’s first
fully- automated and smart
RVMs.
G G Engineering already
has an order from western
railway to install RVMs
across stations with
Advertisement rights. Earlier
last year, the company had
also entered in to agreement
with Panasonic India Pvt.
Ltd. market to procure
advertisements for plastic
bottle crushing machines of
term as long as trading above
13197 and has possibility to
bounce towards 17176-19045
in coming months. Close of a
complete weekly candle below
13197 can result in major
downside correction.
For Very Short Term,
16107-15733 is fresh short term
support and 16733 is short term
downside breakeven point.
Nifty is in positive zone for
short term as long as trading
above 16733 ad can bounce
above 17176. Close complete
daily candle below 15733 can
result in major support 14532-
13190
BANK NIFTY>>>>>>It
seems a (abc) correction com-
pleted from 36317-34817 and
new upside impulse has been
started.
From low 34817, it seems
wave (a or 1) may be completed
at 35237, wave (b or 2) may be
completed at 35070 and wave
(c or 3) may be completed at
35910. Wave (b or 2) is less
than 38%, so 23%-38%
retracement of progress of
whole bounce (from 34817-
35910) is placed at 35652-
35492. Same immediate sup-
port range is already broken
once but Bank Nifty didn’t
close a complete 15 minute
candle below 35492 yet. So,
Bank Nifty is still in positive
7
time low level shown in 2020.
All corrections will show a
sharp decline until the stock
crosses the Rs 174 barrier.
Disclaimer : These rec-
ommendations are based on
the theory of technical
analysisand personal obser-
vations. This does not claim
for profit & Loss.
We are not responsible for
any profit or losses made by
traders and investors. It is
only the outlook of the mar-
ket with reference to its pre-
vious performance. All Judi-
cial youare advised
G G Engineering Ltd.
A number of asset
management companies
have launched specific ESG
funds. With the company
entering the sunrise electric
vehicle (EV) charging
station segment, the action
is in G G Engineering Ltd. Is
all set to continue, with
increased profitability
expectation, due to the
attractive EV Policy
announced by the
government. This will give a
boost to all EV related
businesses, such as
charging stations, battery
manufacturer. The policy
also offered incentives for
setting up public charging
stations and aimed at making
Maharashtra the country’s
top manufacturer of EV in
India. ***
-Haresh Motiani
zone as long as trading above
35492 and has possibility of
bounce towards 36137-36317
which further can extend to-
wards 37708-38653 in coming
weeks/months. Bank Nifty if
closed a complete 15 minute
candle below 35492 can result
in decline towards 35070-34817
again
For long/medium term,
33624-31097 is major support
range and 31097 is major down-
side breakeven point. Bank
Nifty is in positive zone for
long/medium term as long as
trading above 31097. Bank
nifty if close a complete
weekly candle below 30937
can result in major downside
correction.
For Short Term, 35276-
34631 is short term support
range and 346311 is short term
downside breakeven point.
Bank Nifty is in positive zone
as long as trading above 34631
on complete daily candle clos-
ing basis and has possibility
to bounce towards 37708-
38653 in coming weeks/
months. Bank Nifty already
entered in this range, regis-
tered low 34817. But Bank
Nifty if close a complete daily
candle below 34631 can result
in decline towards 32127-30405
again
 8 THE
FINANCIAL WEEKLY
ECONOMIC REVOLUTION Date: 30.08.2021 to 05.09.2021

MARKETS WITNESS MIXED TRENDS DURING NEXT WEEK

MARKET FORECAST FOR THE PERIOD STARTING FROM 30th AUGUST, 2021
people. The cases are once TO 05th SEPTEMBER,2021
Markets are expected to
open on Monday in positive
zone with a gap of 150-175
points on Sensex, however,
markets are largely depen-
dent on Monday Asian
Markets’ opening. On Fri-
day, Global Markets wit-
nessed mixed trends all over
the globe.
Our Markets, on last
Monday opened in positive
zone with Nifty opened at
16592, a huge positive gap
of 141 points from its previ-
ous week’s closing figure of
16450. Nifty hit its life time
high of 16722 on Friday and
a weekly low of 16395 on
Monday. Nifty went up on
all five trading days without
any valid reasons. Nifty
closed at 16705, thus regis-
tered a net weekly gain of
255 points. Bank Nifty too
opened in positive zone
with a gap of 391 points at
35424 from its previous
week’s closing figure of
35034. Bank Nifty went up
on all trading days except on
Wednesday. Bank Nifty hit
a weekly high of 35910 and
hit a weekly low of 34817
and finally closed at 35627,
a net weekly gain of 594
points was registered. Ru-
pee Closed at 74.257 on Fri-
day. During the week, FIIs
did net selling on all trad-
ing days and DIIs also did
net buying on four out of
five trading days.
Looking at the Health
front of the nation, the
Nation’s latest tally has
gone up by 46798 to
32649130 and death cases
have gone up by 514 and
touched 437403 as per the
late night reports of Friday,
i.e.,27-08-2021, The country
has administered a total
number of 612208542 vac-
cine doses so far in the
county, this figure is com-
prising of second dose
again slowly raising now-a-
SENSEX STOCKS
MURTY GARIMELLA
A S e b i R e g d R e s e rc h A n a l y s t ily mem-
INH 200002648
040-23403201 & 23403202
M)091675 47273
www.tickntrade.com
e mail : tickntrade@gmail.com
sensex_stocks@yahoo.co.in
days. The Country is anx- publication is meant solely
iously waiting for the open- for use by the recipient and
ing signals of so called 3rd is not for circulation. This
wave of Corona. publication does not consti-
Markets are likely to tute a personal recommen-
open in positive zone with a dation or take into account
gap of 150-175 points on the particular investment
Sensex on Monday as Glo- objectives, financial situa-
bal Markets closed on Fri- tions, or needs of individual
day with mixed trends and clients. Before acting on any
are showing positive sig- advice or recommendation
nals for next week. The in this publication, clients
opening of Monday markets should consider whether it
largely depends on how is suitable for their particu-
Asian Markets open on lar circumstances and, if
Monday Morning. Markets necessary, seek profes-
are likely to witness mixed sional advice. The price and
trends during next week value of the investments re-
also, coupled with huge ferred to in this publication
volatility. Markets likely to and the income from them
close with uncertainty on may go down as well as up,
next Friday. I request all read- and investors may realize
ers to use their discretion losses on any investments.
and also due diligence while Past performance is not a
following my recommenda- guide for future perfor-
tions. Kindly take all your mance.
precautions while following
I. Murty Garimella, do
these suggestions in their not take any responsibility,
own interest.
financial or otherwise, for
Pharma, Infrastructure, any losses or damages that
Metals, Engineering, Bank- may be sustained due to the
ing, cement and energy sec-
investments made or any
tors will do well during this
action taken on the basis of
week.
these opinions.
I advise all the traders to
apply stop loss for all their
This is not a recommen-
dation, a mere opinion on
executed trades as per their
risk bearing capacity. Please specific stocks. Please con-
sult your investment ad-
do take note of the Re-En-
try price where ever the stop viser without fail.
Wish you All a Highly
loss triggers.
DISCLOSURE: I hereby Profitable 2021. Wish you
and all your beloved family
disclose that I am not hold-
ing any positions in the members a very Happy New
above recommended shares Year 2021.
in my or
any of
MURTY RECOMMENDS AS UNDER:-
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my fam-
POINTS TO REMEMBER:
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SAFE BETS : Both the positions are to be taken simultaneously in order to be
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bers’ 12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
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safe on trading, i.e., both futures as well as option are to be taken to get the
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trading 12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
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a c - purposed served.
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counts. OPTIONS SEGMENT: Both call and put are to be taken simultaneously without
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DIS- any deviation. Do not do naked trading, it is dangerous to pockets.
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CLAIMER: 12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
OPENING QUOTES BELOW THE RECOMMENDED PRICES: If any scrip opens below
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“This 12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
the recommended price i.e., below the buying price range, please do not enter
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into that scrip.
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CASH SEGMENT:
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IBREALEST: BUY @ 132-135, TARGET PRICE: 150-155, STOP LOSS: 128-128.25,
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RE-ENTRY PRICE: 122-125, EXIT PERIOD: 15-20 TRADING DAYS. (ENTRY TIME:-
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DURING THE DAY)
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STAR: BUY @ 585-590, TARGET PRICE: 650-675, STOP LOSS: 565-565.50, RE-
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ENTRY PRICE: 535-550, EXIT PERIOD: 15-20 TRADING DAYS. (ENTRY TIME:-DURING
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THE DAY)
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GRANULES: BUY @ 325-330, TARGET PRICE: 365-380, STOP LOSS: 314-314.50,
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
RE-ENTRY PRICE: 300-307, EXIT PERIOD: 15-20 TRADING DAYS. (ENTRY TIME:-
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
ZEEL: BUY @ 167-170, TARGET PRICE: 190-195, STOP LOSS: 163-163.25, RE-
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
ENTRY PRICE: 155-159, EXIT PERIOD: 15-20 TRADING DAYS, (ENTRY TIME: DURING
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
THE DAY
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
SAIL: BUY @ 115-118, TARGET PRICE: 130-135, STOP LOSS: 111-111.25, RE-
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
ENTRY PRICE:105-108, EXIT PERIOD: 15-20 TRADING DAYS, (ENTRY TIME: DURING
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
FUTURES:
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
POWERGRID: BUY @165-170, TARGET PRICE: 190-200, STOP LOSS: 160-160.25,
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
RE-ENTRY PRICE: 152-156, EXIT PERIOD: 10-15 TRADING DAYS, (ENTRY TIME:
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
TATAMOTORS: BUY@ 280-285, TARGET PRICE: 315-325, STOP LOSS: 272-
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
272.25, RE-ENTRY PRICE: 260-266, EXIT PERIOD: 10-15 TRADING DAYS, (ENTRY
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
TIME - DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
MARUTI: BUY @ 6625-6650, TARGET PRICE:7150-7350, STOP LOSS: 6450-
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
6451, RE-ENTRY PRICE: 6150-6300, EXIT PERIOD: 10-15 TRADING DAYS (ENTRY
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
TIME: DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
BANDHANBNK: BUY @ 265-270, TARGET PRICE: 300-310, STOP LOSS: 256-
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
256.50, RE– ENTRY PRICE: 244-250, EXIT PERIOD: 10-15 TRADING DAYS, (ENTRY
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
TIME - DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
BIOCON: BUY @ 340-345, TARGET PRICE: 380-390, STOP LOSS: 330-330.50,
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
RE– ENTRY PRICE:315-323, EXIT PERIOD: 10-15 TRADING DAYS, (ENTRY TIME -
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
SAFE BETS:
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
NMDC – FUTURES: BUY@ 147-150, TARGET PRICE: 165-170, STOP LOSS: 143-
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
143.25, RE– ENTRY PRICE: 135-139, EXIT PERIOD: 10-15 TRADING DAYS, (ENTRY
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
TIME - DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
NMDC - PUT –150-PE: BUY@ 3.75-4.50, TARGET PRICE: 15.00-18.00, STOP
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
LOSS: 2.25-2.40, EXIT PERIOD : 10-15 TRADING DAYS, (ENTRY TIME – DURING THE
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
GAIL : BUY @ 140-143, TARGET PRICE: 160-165, STOP LOSS: 135-135.25, RE–
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
ENTRY PRICE: 129-132, EXIT PERIOD: 10-15 TRADING DAYS. (ENTRY TIME: DURING
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
GAIL – PUT -140-PE: BUY@ 2.50-3.00, TARGET PRICE: 12-15, STOP LOSS: 1.50-
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
1.65, EXIT PERIOD: 10-15 TRADING DAYS, (ENTRY TIME: DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456

Selective stocks may see good 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456

123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
OPTIONS:
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
STOCK OPTIONS:
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
upside with rise in coming days… 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
TORNTPOWER - CALL –500-CE: BUY@ 12-15, TARGET PRICE: 60-70, STOP LOSS:
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
7.50-7.75, EXIT PERIOD: 10-15 TRADING DAYS, (ENTRY TIME: DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
# Hot Weekly Stock 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
TORNTPOWER –PUT- 490-PE: BUY@ 15-18, TARGET PRICE: 60-70, STOP LOSS:
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
Futures: 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
1) R e l i a n c e
BAAJ NAZARE 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
9.00-9.25, EXIT PERIOD: 10-15 TRADING DAYS, (ENTRY TIME: DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
(2232.35): Rs. 2210 Paras K. Ghelani ASHOKLEY - CALL – 120-CE: BUY@ 4.00-5.00, TARGET PRICE: 15.00-20.00, STOP
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
stoploss… It may touch 9099010827 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
LOSS: 2.50-2.65, EXIT PERIOD: 10-15 TRADING DAYS, (ENTRY TIME: DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
2259 to 2277… http://letusgrowtogether111. 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
ASHOKLEY - PUT – 120-PE: BUY@ 4.00-5.00, TARGET PRICE: 15.00-20.00, STOP
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
2) Sun Pharma blogspot.com 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
(773.70): Rs. 757 LOSS: 2.50-2.65, EXIT PERIOD: 10-15 TRADING DAYS, (ENTRY TIME: DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
stoploss… It may touch 792 to 810… 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
3) Wipro (637.05): Rs. 626 stoploss… It may touch 648 to 657… 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
INDEX OPTIONS:
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
4) Grasim (1466.25): Rs. 1436 stoploss… It may touch 1503 to 1539…5) M&M 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
(776.25): Rs. 766 stoploss… It may touch 792 to 819… NIFTY50 - CALL –16700-CE- 09-09-2021: BUY @ 80-90, TARGET PRICE: 350-375,
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
6) Lupin (944.35): Rs. 930 stoploss… It may touch 972 to 1008… 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
STOP LOSS: 45-45.50, EXIT PERIOD: TILL EXPIRY, (ENTRY TIME: DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
7) Bharat Forge (730.60): Rs. 720 stoploss… It may touch 756 to 792… 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
NIFTY50 - PUT –16700-PE –09-09-2021: BUY @100-110, TARGET PRICE: 425-475,
8) Aurbindo (710.85): Rs. 693 stoploss… It may touch 747 to 783… 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
9) Zee (168.70): Rs. 164 stoploss… It may touch 174 to 180… 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
STOP LOSS: 50-50.50, EXIT PERIOD: TILL EXPIRY, (ENTRY TIME: DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
10)LIC (380.10): Rs. 372 stoploss… It may touch 405 to 423… 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
# Hot Delivery based Short term Stock : BANKNIFTY - CALL -35700-CE -09-09-2021: BUY @ 325-340, TARGET PRICE: 1500-
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
1) GG Engg (540614) (21.50): Rs. 19 stoploss…. It may touch 27 to 33… 1800, STOP LOSS: 170-170.50, EXIT PERIOD: TILL EXPIRY, (ENTRY TIME: DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
2) Confidence Petro (75): Rs. 66 stoploss…. It may touch 81 to 90… 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
3) CPL (536974) (27.55): Rs. 4 stoploss…. It may touch 36 to 45… BANKNIFTY –PUT-35700-PE-09-09-2021: BUY @ 325-350, TARGET PRICE: 1500-1800,
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
4) NCC (76.70): Rs. 701 stoploss…. It may touch 84 to 90… STOP LOSS: 175-175.50, EXIT PERIOD: TILL EXPIRY, (ENTRY TIME: DURING THE DAY)
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
5) MRPL (42.50): Rs. 40 stoploss…. It may touch 48 to 54…
Printed, Published and Owned by Mrs. DEVLAXMI N. JOSHI and Printed at Bhoomi Offset Bhatiya vadi, Opp. Kalupur Rly. Station, Kalupur, Ahmedabad-380002
and published from H-115/991, Nirmal Appartments, Naranpura, AHMEDABAD-380063. Editor- Mr. NARENDRA JOSHI. PH :-079-27451449, (M) 9825065387