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In July mainboard IPO of Rossari, FPO of Yes Bank and
Right offer of AB Fashion will enter the market
Rossari Bio Rs 500 crore IPO will open on July 13 and close on July 15

Yes Bank's FPO may How is valuation

open in Mid-July of AB Fashion
Offer will be around Rs. 12-15 and is it worth
which will be at discount of 50% subscribing ?
Edelweiss Mutual Fund to launch
second tranche of 'BHARAT Bond ETF'
History says JULY
COVID-19 INCREASING
& is month of
STOCK MARKET ALSO UP BULLS
Important support for Index at 35467
and Nifty Future at 10430
OVERCOMING HURDLES - ONE BY ONE
A DARK HORSE FOR FINDING
A DRUG FOR CORONA VIRUS
Corrections Are Temporary, Growth Is Permanent
 Only Financial Weekly Published in English & Gujarati

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

VOL : 13 • Issue No: 21 RNI No : GUJENG / 2008 / 24320 5th July 2020 to 11th July 2020

FII Activity (Rs. in Cr.)

Date Buy Value Sell Value Net Value
29-06-20 3964.64 5901.7 -1937.06
30-06-20 4796.39 6796.47 -2000.08
01-07-20 3629.77 5326.22 -1696.45
02-07-20 4054.33 4611.05 -556.72
03-07-20 3325.35 2468.06 857.29
TOTAL 19770.48 25103.5 -5333.02
DII Activity (Rs. in Cr.)
DATE BUY VALUE SELL VALUE NET VALUE
29-06-20 4337.18 3301.05 1036.13
30-06-20 5247.06 3195.75 2051.31
01-07-20 3669.48 2292.35 1377.13
02-07-20 5134.57 4225.93 908.64
03-07-20 3094.36 3426.32 -331.96
TOTAL 21482.65 16441.4 5041.25
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Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 5
INVESTMENT

D(en)O(f)W(ealth)
After grand success of our Website www.smartinvestment.in & Our Publications, Smart Investment Weekly (Gujarati &
English), Smart Plus News Letter & Smart Bonanza (Gujarati Weekly), Smart Investment proudly announces launch of DOW
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during the week i.e. during the interval of publication of our 2 issues.
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as well as early entry for LongTerm Wealth creation. Investors interested to subscribe to DOW can provide their Mobile no
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Rs 5000/- (for 1 year) in favour of Archi Publications
Performance of our last Recommendation
Stocks Reco Date Reco Price Recomm. High After
APOLLO MICRO 4th May 20 70 85-95 120.9
(Booked profit around Rs.85)
NAVKAR CORP 8th May 20 23.25 27-30 32.8
(Booked profit around Rs.25.75-26)

EID PARRY 8th May 20 156 175 275

ZEE LEARN 11th May 20 14 17-19
Remain Range bound
ADVANCED ENZYMES 15th May 20 160 185-190 Stop loss
GRANULES 19th May 20 164.5 190-200 224
LAURUS LABS 19th May 20 438 490-525 542
TALBROS AUTO 29th May 20 92.5 105
Booked around Rs.100
PLASTIBLEND India 1st June 20 160 190-200 Target achieved
Moldtech Techno 3rd June 20 41 55-60 45.50
KALPATARU POWER 5th June 20 218 245 Exit at 215
MOIL 5th June 20 141 165
Book profit at 154
TALBROS AUTO 5th June 20 101 120-125 Exit at 100
ALBERT DAVID 5th June 20 525 600-625
First kissed 557 and stop loss click later
IBULLS HSG FIN 10th June 20 152.5 175 209.45
MAHESHWARI LOG 10th June 20 188 225 Stop loss
Rain Industries 18th June 20 76 85 82.35
MIDHANI 18th June 20 210 227-235 221

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Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 6
INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
jatinsanghavi100@yahoo.com

OVERCOMING HURDLES - ONE BY ONE

200DMA ON THE LINE
The current Upward Rally continues to surprise week after week, taking out one Resistance
after another. First it was the Bearish Island, then the Bearish Gap on daily charts, followed by 200
Weekly MA and finally the critical 61.8% Retracement; there seems to be no stopping the Bulls.
Despite the path to moving higher seems to be getting cleared, Bulls now face the toughest hurdle
in the form of a strong Resistance zone between 10751-10899 which is due to the confluence of
Weekly Bearish Gap and the critical 200dma. Daily Bullish Gap between 10485-10447 will act as
Support in the near term. A downward break of 10194 can pull down the Nifty to Support zone of
9700-9600.

TECHNICALLY SPEAKING.
Sensex opened the week at 34926, made a high of 36110, low of 34662 and closed the week at
36021. Thus it closed the week with a gain of 850 points. At the same time the Nifty opened the
week at 10311, made a high of 10631, low of 10223 and closed the week at 10607. Thus the Nifty
closed the week with a gain of 224 points.
On the daily charts, both the indices have formed a Bearish Doji at the top which can have
bearish connotations if we have a confirmation. On the weekly timeframe, both the Sensex and
Nifty have formed a big White Body Candle which has negated the previous week's Bearish Spin-
ning Top formation. Thus weekly candlestick pattern suggests Bullishness to continue in the short
term.

This Weeks Recommendations

Rec. Name CMP SL TGT-1 TGT-2
Buy BalkrishnaInd 1314 1285 1358 1403
Buy WhirLPooL 2157 2111 2227 2299
Buy NavinFluorine 1679 1644 1732 1787
Buy BhartiAirteL 581 569 599 619
Buy Marico 358 351 369 381
:::: INDEX LEVELS ::::
S3 S2 S1 CLOSE R1 R2 R3
NIFTY 10194 10328 10447 10607 10751 10893 11036
SENSEX 34499 34927 35467 36021 36554 36950 37415
Cont...
 Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 7
INVESTMENT
The strong Resistance camp suffered one more casualty when the indices overcame and closed
above the 61.8% Retracement level. Both the indices now face their toughest test in the form of the
strongest hurdle between Sensex 36950-37011 and Nifty 10751-10899. The above hurdle is a
result of confluence between the Weekly Bearish Gap and the critical 200dma (Sensex - 36972
and Nifty - 10899). Sensex 36950-37011 and Nifty 10751-10827 constitute the critical Weekly
Bearish Gap.
Indices have immediate support in the form of daily Bullish Gap between Sensex 35595-35467
and Nifty 10485-10447. A bearish break of this Bullish Gap, can take the indices down to test the
higher bottom at Sensex 34499 and Nifty 10194. A break of this higher bottom, can take the indices
further down towards the strong Support in the form of Bullish Gap on Weekly as well as Daily
timeframe i.e. between Sensex 32876-32480 and Nifty 9706-9598.
Bullish Island still holds, whose failure point is below the Low of Opening White Body Marubuzo
which is at Sensex 32348 and Nifty 9544. In case of a failure of Bullish Island, Market will go down
to test the higher bottoms at Sensex 29968 / Nifty 8806.
Both the indices are well above the Short term average of 20dma (Sensex - 34577 and Nifty -
10205) as well as Medium term average of 50dma (Sensex - 32982 and Nifty 9706). Both the
indices continue to remain below the Long term average of 200dma (Sensex - 36972 and Nifty -
10899). Thus the Trend in the Short term as well as Medium term Timeframe is Bullish, whereas
the Trend in the Long term Timeframe continues to remain Bearish.
MACD as well as Price ROC are both positive and continue in Buy mode. RSI (68) suggests
strong bullish momentum. Stochastic Oscillator %K (93) is above %D and hence in Buy mode.
ADX (23) suggests UpTrend getting developed. Directional Indicators continue in Buy mode as
+DI continues above -DI. MFI (76) suggests Positive Money Flow. OBV continues in Buy mode.
Buy signal in Bollinger Band continues. Thus majority of Oscillators are suggesting a Bullish bias.
Options data for July series indicate highest Call Open Interest at the strike of 11000. Highest
Put build-up is at the strike of 10000. Thus Options data suggest a trading range with Resistance at
11000 and Support at 10000.

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

HUDCO 34.00 L&T 944.00 Omaxe 103.00
Dredging Corp. 284.00
NOCIL 89.00 HDFC Ltd. 1885.00 Future Life 155.00
Ador Welding 283.00
ITI 112.00 TCS 2199.00 IndiGo 101.00
Hindalco 146.00
BGR Energy 41.00 Steel Strips Wheels 433.00 CIPLA 638.00 Motherson Sumi 98.00
Kernex Micro 21.00 Power Grid 177.00 HAL 851.00 Trent 619.00
IRCON 91.00 Tata Motors 103.00 Biocon 395.00 Mah. Logistics 280.00
Astra Micro 108.00 UPL 444.00 TTK Prestige 435.00 LUPIN 899.00
Banco Products 87.00 J.B. Chemicals 718.00 Bajaj Auto 2934.00 Dr. Reddy 3920.00
Walchand Nagar 59.00 Nelco 208.00 BPCL 385.00 IGL 447.00
IDBI Bank 50.00 Jyothy Labs. 122.00 BATA India 1299.00
Axis Bank 428.00
Jamna Auto 33.00 Exide Ind. 153.00 Reliance Infra 40.00
BEML 661.00
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 8
INVESTMENT

A DARK HORSE FOR FINDING

A DRUG FOR CORONA VIRUS
BPS RAJA (Mumbai)
E-mail bpsraja@gmail.com
EVEREST ORGANICS : The whole world is looking for a remedy to fight the Corona
Virus. Here is one which has already manufactures a drug for the remedy
Share is quoting around Rs.180 with Rs. one as dividend. Scrip Code: 524790 It has a small
capital of just Rs.8 Cr.
Everest Organics has announced that Oseltamivir,API has been developed and manufactured
in the plant of Everest Organics Limitedlocated at Telangana. Oseltamivir is well known as key
activeingredient in the prevention of influenza A and influenza B.
Recently it has been discovered that Oseltamivir is also effective in fighting against Covid-19
virus, theon-going world pandemic in co-administration with other supporting drugs."Oseltamivir
drug falls in a medication class called neuraminidase inhibitors. lt is themajor ingredient in the
blockbuster Tamiflu composition, which is an approved drug forthe treatment of H1N1 and is more
recently supposedly possible in treating NovelCorona treatment.
Everest has developed Oseltamivir API videNon infringement route. Everest Organics Limited
has an edge in supplying the bulkdrug Oseltamivir to the formulators at shorter notice said,
Dr.SrikakarlapudiSirisha,Director of Everest Organics Limited.
Furthermore with strong R&D capabilities, the Company from time to time shall evaluateits range
of product in anti-viral segment that shall enable to create substantial value forall the stakeholders.
Everest Organics Limited is a fast growing API and Bulk drug manufacturing company with
world class facility and is committed to manufacturing excellent quality productsand customer ser-
vice. The Company produces Active Pharma Intermediates "APls" forquality conscious customer
around the globe.
All shares of pharmacos in this field are moving up have some investment in this co which is not
known to many.
One of the sectors doing well is the pipe manufacturing sector , With the Govt. encouraging
water supply for irrigation and infrastructure these companies are doing well in spite of the Covid
19 situation.
Srikalahasthi Pipes Limited (SPL), is one of the leading manufacturers of Ductile Iron Pipes (DI
Pipes), foundry grade pig iron, cement and low ash metallurgical coke.
Srikalahasthi Pipes standalone net profit rises 41.59% in the March
2020 quarter
Net profit of Srikalahasthi Pipes rose 41.59% to Rs 50.73 crore in the quarter ended March 2020
as against Rs 35.83 crore during the previous quarter ended March 2019. Sales declined 2.50% to
Rs 398.47 crore in the quarter ended March 2020 as against Rs 408.70 crore during the previous
quarter ended March 2019.
For the full year,net profit rose 59.67% to Rs 187.68 crore in the year ended March 2020 as
against Rs 117.54 crore during the previous year ended March 2019. Sales rose 6.68% to Rs
1662.90 crore in the year ended March 2020 as against Rs 1558.80 crore during the previous year
ended March 2019. Cont....
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 9
INVESTMENT

Particulars Quarter Ended Year Ended

Mar. 2020 Mar. 2019 % Var. Mar. 2020 Mar. 2019 % Var.
Sales 398.47 408.70 -3 1662.90 1558.80 7
OPM % 16.83 12.41 - 15.65 11.99 -
PBDT 74.49 56.63 32 277.70 197.10 41
PBT 63.99 47.43 35 236.53 160.05 48
NP 50.73 35.83 42 187.68 117.54 60
Capital Rs.45 Cr.

In the recent market correction it has fallen from Rs225 to 170 and on a recovery path already
has reached 190 and on its way to 225., Currently available with Rs 7 as dividend,,
With an EPS of Rs,40.Share can claw back to Rs,225 once again
Visit their website: https://www.srikalahasthipipes.com/
Welspun Corp reports consolidated net profit of Rs 138.27 crore in the
March 2020 quarter
Another co which is also in the pipe making is also another potential winner as it has the neces-
sary qualities. W Corp fell from a recent high of rs 225 to Rs 65 in the current market melt down and
now looking up around Rs 80 to make an up move.
Net profit of Welspun Corp reported to Rs 138.27 crore in the quarter ended March 2020 as
against net loss of Rs 148.72 crore during the previous quarter ended March 2019. Sales rose
0.04% to Rs 2687.10 crore in the quarter ended March 2020 as against Rs 2686.15 crore during
the previous quarter ended March 2019.
For the full year,net profit reported to Rs 635.46 crore in the year ended March 2020 as against
net loss of Rs 13.25 crore during the previous year ended March 2019. Sales rose 12.50% to Rs
9759.03 crore in the year ended March 2020 as against Rs 8675.06 crore during the previous year
ended March 2019.
Particulars Quarter Ended Year Ended
Mar. 2020 Mar. 2019 % Var. Mar. 2020 Mar. 2019 % Var.
Sales 2687.10 2686.15 0 9759.03 8675.06 13
OPM % 11.16 0.11 - 11.50 4.65 -
PBDT 369.55 -41.44 LP 1299.80 360.34 261
PBT 310.83 -102.82 LP 1066.51 100.61 960
NP 138.27 -148.72 LP 635.46 -13.25 LP
Capital: Rs.130 Cr. Face value Rs.5 Dividend 200% or Rs.10 per share
The company has a strong order book position with the current global orders of 1,305 KMT,
valued at Rs 10,800 crore ($1.51 billion), the management said.
The management further said that in order to cater to natural gas demand, major pipeline opera-
tors are working on significantly raising pipeline capacity. With significant barriers existing on pipe
imports, domestic US pipe manufacturers such as Welspun, are expected to benefit immensely.
"In the domestic water segment, irrigation projects across various states will continue to drive
the demand. In addition, focus and allocation under 'Nal se Jal' is expected to boost demand in the
water sector. In the medium term, river linking could also potentially add to pipe demand," it added.

Cont....
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 10
INVESTMENT
Tempting dividends : WPIL quoting at Rs 432 has announced Rs.7.50 as dividend. The
public sector co BalmerLawrie Investments has announced a whopping Rs.37.50 as the dividend.
Share is available at Rs.397. Sri KalahastiPipe has declared Rs.7 as the dividend.

PRICE ALERT; On Friday every one turned a buyer on a never heard before share
Daikaffil Chemicals. It has the Japanese technology for manufacturing Optical Brighteners for Tex-
tiles / Paper / Detergent Industries, Naphthol Grounders for Pigments and Dye
Intermediaries.Working is poor but small capital based and pays dividend. It hit the 20% upper
circuit and touched Rs.28.Keep a close watch

Alok Industries hitting upper circuits moved from Rs.1 to Rs 50. Now it is hitting the
lower circuits. Yesterday there was a paper report that SEBI will look into the modus operandi of
Alok and RuchiSoya .
Suzlon Energy : There are reports indicating a settlement has been reached to reduce the
interest payment and debts. After this news the shares are very much in demand at Rs,5.80
SMELL THE CAMPHOR : The standoff with China is rumoured to benefit camphor manu-
facturing cos. in India.There was hectic buying in Oriental Aromatic t(Formerly Camphor and allied
products )hat hit the 20% circuit on Thursday and 105 circuit on Friday at Rs.278.
Shares of other camphor cos. namely Mangalam Organics and Kanchi Karpuram also moved
up.

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

Co. Name Code Price Co. Name Code Price
Tata Power 500400 49.00 Bharti Airtel 532454 581.00
BEL 500049 97.00 HDFC Life 540777 572.00
Meghmani Org. 532865 53.00 Motilal Oswal 532892 600.00
Ambuja Cement 500425 195.00 Tata Elxsi 500408 910.00
Sail 500113 30.00 BASF India 500042 1239.00
Bharti Infra 534816 226.00 Balkrishna Ind. 502355 1313.00
L&T Fin. 533519 67.00 ACC 500410 1314.00
Future Retail 540064 136.00 HCL Techno 532281 579.00
Nippon Life 540767 313.00 Affle India 542752 1523.00
Marico 531642 358.00 Navin Flourine 532504 1679.00
Cadila HC 532321 366.00 HUL 500696 2172.00
Bharat Dynamics 541143 375.00 Whirlpool 500238 2159.00
Cummins India 500480 410.00 Britannia 500825 3540.00
Deepak Nitrite 506401 478.00 Nestle 500790 16690.00
Adani Ports 532921 360.00 Bayer Crop. 506285 6076.00
Voltas 500575 558.00 Tasty Bite 519091 13057.00
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 11
INVESTMENT

Reveiw of SMART INVESTMENT Last Issue

Amazing 42% RETURN
SMART GAIN FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
29-6-2020 High (%) 29-6-2020 High (%)
MARKET SCAN RAPID FIRE STOCKS
Escorts 1017 1041 2.36 HDFC 1769 1889 6.78
EngineersInd 79 81 2.53 BHAVI CHAAL
TataPower 46 49 6.52 Gujarat Ambuja 135 193 42.96
ONE PAGER REPORT HUDCO 27 34 25.93
Anup Engg. 382 404 5.76 GUPSUP
SURE SHOTS Reliance Ind. 1742 1760 1.03
Associated Alcohols 258 273 5.81 PNC Infra 139 149 7.19
Vedanta 109 111 1.83 Ashok Leyland 52 53 1.92
Polycab 782 841 7.54 Camlin Fine Sciences 53 54 1.89
SCRIP TO WATCH Vedanta 109 111 1.83
Hero Moto 2540 2672 5.20 JMC Projects 53 55 3.77
Muthoot Fin. 1089 1108 1.74 Titagarh Wagons 35 36 2.86
ICICI Bank 349 363 4.01 Indo Star Capital 280 285 1.79
MARKET TIPS
HDFC AMC 2481 2516 1.41
Berger Paints 510 520 1.96
Adani Green 397 418 5.29
Voltamp Trans. 1137 1140 0.26
ICICI Bank 350 363 3.71
HDFC LIfe 541 549 1.48
Info Edge 2752 2788 1.31
SMART TIPS
Bandhan Bank 338 346 2.37
Adani Green Energy 397 418 5.29
Bajaj Finance 2904 3004 3.44
Manappurm Fin. 156 159 1.92
Parag Milk 106 107 0.94
NCC 31 32 3.23
Genus Power 23 24 4.35
Munjal Auto 53 54 1.89
Metropolis HC 1404 1424 1.42
West Cost Paper 178 207 16.29
Apcotex 126 141 11.90
SUPER DUPER
Bajaj Electricals 402 404 0.50 Shalimar Paints 67 68 1.49
Ujjivan Fin. 237 238 0.42 Kalyani Steel 216 224 3.70
IRB Infra 90 95 5.56 IDBI Bank 40 48 20.00

Only Subscribers will get SMART PLUS NEWSLETTER

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

SMART 5th July 2020 to 11 th

July 2020 12
INVESTMENT

Rapid Fire Stocks

Kalpna J (Email- Kjtech79@gmail.com)

(Ring : 97690 37711) Twitter : @Kj_TechTrades

Last Week Performance of Rapid Fire Stocks

HDFC LTD - 1769 - 1908, Siemens - 1116- 1153

Asian Paints (Buy At CMP 1695)

Target Of To 1950 - 2250 , Time Frame - 9 Months To 18Months,
(Accumulate / Add In SIP Mode)
Asian Paints on January 22 reported a 20.5 percent growth in consolidated profit, in the Decem-
ber quarter, driven by lower tax cost and good operating performance.
The profit had increased to Rs 779.71 crore from Rs 647.28 crore during the same period last
year.
Revenue from operations was at Rs 5,420.28, up 3 percent year-on-year.
The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) grew by
7.7 percent year-on-year to Rs 1,189.4 crore, and margin expanded 96bps to 21.94 percent in the
December quarter – both better than analysts’ estimates
Asian Paints is India’s leading paint company with a group turnover of Rs 193.50 billion. The
group has an enviable reputation in the corporate world for professionalism, fast track growth, and
building shareholder equity. Asian Paints operates in 15 countries and has 26 paint manufacturing
facilities in the world servicing consumers in over 60 countries. Besides Asian Paints, the group
operates around the world through its subsidiaries Asian Paints Berger, Apco Coatings, SCIB
Paints, Taubmans, Causeway Paints and Kadisco Asian Paints.
Asian Paints manufactures wide range of paints for Decorative and Industrial use.
In Decorative paints, Asian Paints is present in all the four segments v.i.z Interior Wall Finishes,
Exterior Wall Finishes, Enamels and Wood Finishes. It also offers Water proofing, wall coverings
and adhesives in its product portfolio.
Cont....
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 13
INVESTMENT
Asian Paints also operates through ‘PPG Asian Paints Pvt Ltd’ (50:50 JV between Asian Paints
and PPG Inc, USA, one of the largest automotive coatings manufacturer in the world) to service the
increasing requirements of the Indian automotive coatings market. The second 50:50 JV with PPG
named ‘Asian Paints PPG Pvt Ltd’ services the protective, industrial powder, industrial containers
and light industrial coatings markets in India.
Vertical integration has seen Asian Paints diversify into chemical products such as Phthalic
Anhydride and Pentaerythritol, which are used in the paint manufacturing process. The company
has discontinued production of Phthalic Anhydride from end of July 2017.
In the Home Improvement and Décor category, the company is present in the Kitchen and Bath
fittings space and offers various products under Sleek and Ess Ess brand respectively.
Global Presence
Today, the Asian Paints group operates in 15 countries across the world across four regions viz.
Asia, Middle East, South Pacific and Africa through the eight corporate brands viz. Asian Paints,
Asian Paints Berger, SCIB Paints, Apco Coatings, Taubmans, Causeway Paints and Kadisco.
Asian Paints in India, Bangladesh, Nepal, Sri Lanka and Indonesia (Asia)
Causeway Paints in Sri Lanka (Asia)
SCIB Paints in Egypt (Africa)
Asian Paints Berger in UAE, Bahrain and Oman (Middle East);
Apco Coatings in Fiji, Tonga, Solomon Islands and Vanuatu (South Pacific)
Kadisco Asian Paints in Ethiopia (Africa)
Taubmans in Fiji and Samoa (South Pacific)
Cont....

Rapid Fire Stocks

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With Personal Assistance for your Trades
and Capital Protection at a Very Nominal Cost
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Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 14
INVESTMENT

Pidilite Buy (CMP 1389 )

Targets 1555 To 1650, Time Frame - 3 Months To 6 Months,
( Accumulate / Add In SIP Mode)
Pidilite Ind Consolidated December 2019 Net Sales at Rs
1,926.59 crore, up 4.24% Y-o-Y
Reported Consolidated quarterly numbers for Pidilite Indus-
tries are:
Net Sales at Rs 1,926.59 crore in December 2019 up 4.24%
from Rs. 1,848.30 crore in December 2018.
Quarterly Net Profit at Rs. 341.78 crore in December 2019
up 55.73% from Rs. 219.47 crore in December 2018.
EBITDA stands at Rs. 503.00 crore in December 2019 up 36.9% from Rs. 367.42 crore in De-
cember 2018.
Pidilite Ind EPS has increased to Rs. 6.73 in December 2019 from Rs. 4.32 in December 2018.
Pioneer Of Adhesive Technology :- Since its inception in 1959, Pidilite Industries
Limited has been a pioneer in consumer and specialities chemicals in India.
Dominant Market Position :- Pidilite enjoys leadership position in adhesives and
industrial chemical market with 70% market share. The Company’s brand name ‘Fevicol’ has be-
come synonymous with adhesives in India. The Company operates around the world in North
America, South America, South East Asia, Middle East and Africa.The high market share is attrib-
utable to a wide range of high quality products and a strong dealer network. The Company oper-
ates through 15 overseas subsidiaries, 19 manufacturing facilities in India and international manu-
facturing facilities in Thailand, Singapore, Dubai, Brazil, US, Egypt and Bangladesh. The Com-
pany exports to more than 80 countries. In addition, Pidilite is constantly adding new products and
dealers to maintain its market share. The Company has introduced several new product brands
like Woodlok, Roff, and Smartcare catering to construction, healthcare and hospitality segments.
Researching Ground-Breaking Ideas :-
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INVESTMENT

Jignesh R Mehta
(SEBI Registered Research Analyst)
E-mail : support@kiranjadhav.com
Website : www.KiranJadhav.com
Phone: 9327 11 3344 / 9328 11 33 44
Twitter: @jigneshrmehta

Very much in to BREAKOUT mode!

Synopsys for the concluded week/month:
This time it was fifth weekly gains out of last six and yet an encouraging conclusion to the month
that completed. We started with subdued cues from everywhere else. First 2 days of the week, our
indices stayed nearly where it started but it was on the Wednesday and Thursday that our markets
showed good strength and conquered nearly the 200 nifty points. On Friday, we opened gap up
and witnessed some resistance from the top but held on to important levels throughout the day. All
and all, NIFTY gained +2.16% & BANK NIFTY gained +1.21% for the week. MIDCAP and
SMALLCAP remained restrained but sector wise NIFTY AUTO and FINANCE gained more than
benchmark and it was +3.56% & +2.67% respectively.

Technical View on Nifty:

NIFTY daily chart 1 is attached here with. It is the same yellow line which we have been show-
ing from last 2 weeks because it is the line which suggests a firm support of the present rally. As we
can see the yellow line is steep enough and much of the move that we are seeing is above it.
Current level of the line comes to around 10090 kind of level and this has to be considered as a first
support to the present structure. As long as NIFTY is above 10090, we should not worry about
correction. Chart structure still seems to be higher tops and higher bottoms only. Also that we got
above much desired level of
10500 is indeed a good news.
The only reason why we haven't
seen follow up buying by now is
the dried up volume in last few
days while we were breaking
above 10500 kind of level. Even
if hold above 10600 for few days
of next week, we should be able
to see a follow up rally very
soon.We should stay up beat in
this kind of market and closely
follow the daily levels which we
are updating on our website un-
Chart 1: Nifty - Daily
Cont...
Financial Weekly

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July 2020 17
INVESTMENT
der "Market Outlook Daily" tab which is free for everyone to access. Stock specific activity that we
are seeing is very cheering currently and every stock which is forming a price pattern has to be
held with stop loss is what we believe. Everyone should also follow the stocks that have been
suggested in our "Swing", "Breakout" & "Medium Term Long Term" regularly.

Technical View on Bank Nifty:

The steepness of the up move that we have been seeing in NIFTY is not exactly the same in
BANK NIFTY. Study the attached chart2 which is also a daily chart of BANK NIFTY and it will tell
us that the BANK NIFTY is sluggish in it's up move compare to NIFTY however, it still holds the

structure of higher tops and higher

bottoms and that is a comforting
news. On BANK NIFTY chart we
have to follow the yellow channel
that is the same that we plotted last
time. As long as we are forming
higher tops and higher bottoms, we
are out of worry is what we believe.
At the same time the 22600 is the
upper side channel level and
breakout above this level can really
bring a great cheer in to the rally.
Chart 2: Bank Nifty - Daily

Derivative Data:
On weekly front the maximum OI that we have spotted is of CALL OI and that is seating on
11000 strike. The second higher OI is also coming from CALL OI at 10600 strike. PUT side
highest OI is at 10400 strike and second highest PUT OI is at 10500 strike. From the weekly
front we can say that 10400 & 10500 are important support but holding above 10600 will lead
all this CALL writers to shift to upper strikes and that is all the way to 11000.
On monthly front the highest OI is CALL OI at 11000 strike which is quite far from current
levels. Second highest monthly CALL OI is at 10500 strike and these writers are seating
already in trouble. PUT OI is strong at 10500 and 10200 strikes.
From both the above data, it is very much clear that even if our markets held on to 10600
level for few days of the next week, we should see the call writers at 10500 and 10600 getting
in to big trouble and may start shifting and that can lead markets to gallop up to 11000 levels.
Nifty Support: 10500
Nifty Resistance: 10600 / 11000
PCR & FUTURE OI:
PCR is giving excellent news because it is increasing since 26th June on day end closing
basis. Had future OI too have increased, it would have been great data for the bulls. However
currently the Future OI is not very great and we need support from them for the bulls to rally.
Financial Weekly

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July 2020 18
INVESTMENT

Forex
Let us remind you all that last week on Forex column we wrote followings,
"For now, we are seeing weakness in USD and hence we can see rupee strengthening in
coming few days"
The same has happened and we saw rupee strengthen against USD. Chart of USDINR
dipped even below 75 which is lower than our suggested targets. Now the current structure
is still bearish for the USD because 75.5 is considered as very important resistance for the
time to come. As long as we are trading below 75.5 weakness should persist. 74.60 & 74.5
should be the next level if we breach current lows.
Crude
Crude oil WTI futures chart suggest that a consolidation is stillhappening in a tight range.
Upside of the range is 3095 kind of level and lower side of the channel is 2700. While we
consider 2700, we should also consider a very strong support also coming from 2650 kind of
levels. Crude is still expected to form a range and that is indeed a good news. Good news is
because the stability it shows at current juncture even after different news flows coming
from different sources.

Wishing you a profitable week ahead!

Author:
JIGNESH R MEHTA (SEBI Registered Research Analyst)
www.kiranjadhav.com / info@kiranjadhav.com
Phone: 9327 11 33 44 / 9328 11 33 44 (Twitter: @jigneshrmehta)

Financial Weekly
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English & Gujarati Edition Gujarati Edition

 Financial Weekly

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INVESTMENT

Alternative Investment Returns Monitor

Price Price Return Return
18-6-2019 18-6-2020 1 Week 1 Yr.
Sensex 39046.34 34208.05 2.00% -12.39%
10Yr. Yield (%) 6.808 5.83 4.50 (bps) -98.20 (bps)
USD - INR 69.80 76.11 0.42% 9.04%

Value of Rs. 1 Lakh Invested in Various Asset

(As on 19-6-2020) Sensex Gold Silver FD (SBI) PPF*
1 Year 88799 144433 129427 106800 108000
1 Year
Post Tax Returns 88799* 131103 120599 104760 108000
5 Year 127141 176932 128596 146933 151757
5 Year
Post Tax Returns 127147* 169239 125737 131317 151757
* Notes : Cumulative equity gains up to Rs. 1,00,000 in a financial year are tax free.
All post - tax returns are calculated for an individual in the 30% tax braket, without considering the indexation benefit

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Canara Robeco Emergin 14.85 Baroda Conservative 7.06
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Co. Name Revenue Co. Name Lowest Co. Name Earning Investor Earn as Div. for Co. Name Lowest
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HG Infra Engg. 44 NTPC 6.40 Dilip Buildcon 0.09 Co. Name Hig.Div. Yield Dr. Reddy’s 1.21
Tata Consumer 41 Redington 8.94
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Engineers India 5.86
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HDFC 28 Tata Power 7.85 Tata Power 0.36 Alkem Labs. 1.38
Embassy Office 4.88
Financial Weekly

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July 2020 20
INVESTMENT
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 21
INVESTMENT

Smart Education : Ankit Gala : buzzpublishing@gmail.com

Profit & Loss of a Company : Part 2
Last week we had seen details about Profit & Loss Account of a company. From this
week we shall try to know about components of Profit & Loss Account of a company
Now let us try to understand some of the key components of Profit & Loss Account of a company.
Income:
Income head of the Profit and Loss Statement consists of Income from Operations and Other
income. It is sometimes also referred as Revenue or company's Top Line.
Income from Operations -
This represents the amount received or receivable by the company from its customers for sale of
its goods and services. It is also known as Net Sales or Net Revenues. It is the main source of
revenue for the company.
Other Income -
Other income refers to
other sources of income
which does not include in-
come that the company re-
ceives from sale of its prod-
ucts and services. Sources of
other Income for a company
may include profit from sale
of investments or assets,
dividends received on shares
held of other companies, rent
income on commercial build-
ings and apartments leased
out by company, interest re-
ceived on deposits and loans
given to other corporate, in-
terest on income tax refund,
foreign exchange gains, etc.
Expenses:
Expenses head of the
Profit and Loss Statement
consists of cost of materials
consumed, purchases of
stock-in-trade, changes in
inventories of finished goods,
work-in-progress and stock-
in-trade, employee benefits
expense, finance costs, de-
preciation and amortisation,
other expenses, etc.
Financial Weekly

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July 2020 22
INVESTMENT
Cost of Materials Consumed -
It is the cost of raw materials that are required to manufacture finished goods. In most cases it is
the largest expense incurred by a company.
Purchases of Stock-in-Trade -
This refers to all the purchases of finished goods by the company for conducting its business.
Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade -
IT refers to difference between closing and opening stock of finished goods, work-in-progress
and stock-in-trade.
Employee Benefit Expenses -
It includes expenses incurred in terms of salaries, wages, bonus, contribution to provident fund,
gratuity, staff welfare expenses, etc.
Finance Cost -
It includes the interest and other costs that a company pays when it borrows funds from its
lenders.
Depreciation and Amortisation Expenses -
Depreciation represents wear and tear incurred by fixed assets of a company (other than land),
i.e., reduction in value of fixed assets on account of usage.
Businesses depreciate long-term assets for both accounting and tax purposes. Depreciation
amount is used as a tax deduction, thus reducing the tax liability for the business. When the same
principle of depreciation is applied to non-tangible assets it is known as Amortisation.
Other Expenses -
It includes other expenses of a recurring nature which have not been yet covered.
We shall understand the remaining components of Profit & Loss Account of a company next
week.
To learn Fundamental Analysis you can read the book Fundamental Analysis of Shares by Ankit
Gala & Khushboo Gala. Book is available in English.

www.smartinvestment.in
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Financial Weekly

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INVESTMENT

SMART BANKING
By Vijaya Kittu M, GetPaidIndia.com
The author feels that investors need to study sectoral trends from time to time. He is on
WhatsApp at +91 98495 19188
1. S&P in its report "COVID and Indian Banks: One step forward, two steps back," said the
lockdown would make Indian banks to report fresh high NPA levels. Their base case is a 13-
14 percent NPA by the end of March 31, 2021. Added to this, they estimate only a 100 basis
point improvement in FY22.
2. Axis Bank made announced it will be going for a stake sale and wishes to raise Rs. 15,000
crores in the process. It is likely to put before the shareholders at the upcoming AGM. The
Board recently approved the proposal to raise funds by issuing equity shares, depository re-
ceipts, or other equity instruments. This need might be necessitated because of potential stress
caused by the lockdown. Fee income is likely to come down while downgrades are expected
in the corporate book. Axis Bank announced its plan to close its UK subsidiary and surrender
its license by the end of April 2021. The decision to close is made in order to concentrate on its
Indian operations.
3. HDFC Bank is planning a stake sale using a combination of sale of shares to Institutional
Investors in India and Amercian Depositary Receipts in the US according to media sources.
The bank wishes to raise up to Rs. 13,000 crores perhaps in the third quarter.
4. Dissatisfaction is appearing on the new Governance Framework for Commercial Banks put
forth by RBI. Foreign banks feel a Board of Directors is not legally tenable for them. They are
fretting if RBI wants the bank branches to be run as wholly-owned subsidiaries instead of as
branches. Meanwhile, Private banks feel the role of CEO and Senior management is getting
diluted. RBI will have the final say on the appointment of the CEO.
5. Bank loans to MSME have come down by 7.1% since March 2020. RBI data shows that bank-
ers are risk-averse right now, fearing defaults and that this situation might prevail till the end of
Q2. Banks have a total exposure of Rs. 4.5 lakh crores to the MSME. On the other hand, retail
loans have contracted a mere 3% during the period. Meanwhile, the RBI asked banks to re-
classify MSME in line with the new criteria announced by the Central Government in June.
The new classification will be based on turnover and investments made on plant and
machinery.Fearing demand recoveries by banks, MSMEs are avoiding taking new loans or
drawing funds from already sanctioned loans.

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Financial Weekly

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INVESTMENT

SMART
BUY OF THE WEEK
Dark Horse
WPIL recommended on 1st June 2020 at Rs.348.3, last week it made a
fresh high of Rs.432.70 after our recommendation and recorded almost 24
percent appreciation in a very short span of time.
Dark Horse-1
TERA SOFTWARE LTD
(533982 & NSE) (Rs.25) (FV: Rs.10)
Tera Software Limited is engaged in providing IT & Inte- Particulars Year Ended
grated related services. The Company's segments include FY20 FY19 % Var.
Integrated Solutions, Technical Division, Projects Division Sales 268.97 176.45 52.4
and Others. The Company offers its services in various PBT 9.87 5.96 65.6
categories, such as system integration and networking, PAT 6.52 3.68 77.2
software development and consultancy, and e-governance.
The Company offers a range of services, which include sales Month of Latest HighNovember 2017
tax automation; registration of land records; road transport High price 80.80
and vehicle registration authorities; total revenue manage- CMP 25
ment and spot billing system; computer education in schools; Discount from high 69%
ration cards (public distribution system), and others. Its products under software development and
consultancy category include short message service (SMS) banking transactions (SMSBT), SMS technol-
ogy, and event analysis and messaging systems (EAMS). The Company serves various industries, includ-
ing energy and utilities; education; banking and financial services; communications, and consumer goods.
Company operates in 22 states of India. Company executed UIDAI Project in 4 Metro Cities (Delhi, Mumbai,
Kolkata, and Chennai). Your Company started Permanent Aadhaar Centres in the Country and the First
Company to have started E-Aadhaar roll-outs as well as corrections/ modifications of the Aadhaar Enrol-
ments. Tera Software is positioned 4th in the country in terms of AADHAR & NPR enrolments. Company
has acquired the knowledge base in delivering the triple play services, CCTV surviliance and going forward
focused to bring the affordable technology to build SMART working place, SMART offices and SMART
houses by deploying IOT related infrastructure.
It has an equity base of Rs.12.51 crore that is supported by reserve of Rs.96.31 crore. The Promoters
hold 48.04% while the investing public holds 51.96 % stake in the company. It has a share book value of
Rs.86.97 & price to book value ratio is just 0.29x which is impressive and lowest against peers.
During FY20, its net profit soared 77.2% to Rs.6.52 crore from Rs.3.68 crore in FY19 on 52.4% higher
income of Rs.268.97 crore fetching an EPS of Rs.5.21. Currently, the stock trades at a P/E of just 4.8x. In
FY20, it posted income of Rs.268.97 crore and its market cap is just Rs.31 crore means
company has huge potential for growth.
Its recent high rate was Rs.80.8 which was formed in November 2017. Stock almost corrected 69%
from recent high.
Investors can accumulate this stock with a stop loss of Rs.20. It may give very good re-
turns in medium to long term. Cont....
Financial Weekly

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July 2020 26
INVESTMENT

Dark Horse-2
GUJARAT SIDHEE CEMENT LTD
(518029 & NSE) (Rs.31.85) (FV: Rs.10)
Gujarat Sidhee Cement Limited (GSCL) is a Particulars 12 Months Ended
Mehta group's flagship company. The Mehta Group FY20 FY19 % Var.
Sales 584.76 563.24 4%
is a multi-activity multi discipline global enterprise PBT 67.37 -11.41 -
spanning four continents - Asia, Europe, North PAT 44.84 -5.87 -
America and Africa. The Group's business inter- Month of Latest High January 2018
ests cover a wide and varied spectrum, which in- High price 41.25
cludes Cement and Building Materials, Packaging, CMP 31.85
Discount from high 23%
Sugar, Horticulture & Floriculture, Engineering, Elec-

trical Cables, Consultancy, Agro Chemicals, Hospitality, Entertainment Sports, Carbon Di-
oxide, Trade and Financial Services & International. Gujarat Sidhee Cement Limited (GSCL),
markets cement under the brand name 'Sidhee'. The company is an ISO 9001: 2015, ISO
14001 : 2015 and ISO 45001 : 2018 certified company which manufacturers Oridanary Port-
land Cement (OPC) 53 grade, 43 grade, Portland Pozzolana Cement (PPC) types of cement
and clinker, that comply with world class quality standards. GSCL is one of the first Indian
cement company to get 53 grade license.
It has an equity base of Rs.87.48 crore that is supported by reserve of Rs.288.16 crore.
The Promoters hold 70.88% while the investing public holds 29.12 % stake in the company.
It has a share book value of Rs.42.65 & price to book value ratio is just 0.75x which is
impressive.
During FY20, it has reported PAT of Rs.44.84 crore against loss of Rs.5.87 crore on
higher sales of Rs.584.76 crore fetching an EPS of Rs.5.14. Currently, the stock trades at a
P/E of just 6.2x. After 7 years, it paid an interim dividend of 10% during FY20,
which clearly indicates that the management is confident about the
company's future.
Its recent high rate was Rs.41.25 which was formed in January 2018. Stock almost cor-
rected 23% from recent high.
Investors can accumulate this stock with a stop loss of Rs.27. It may give
very good returns in medium to long term.
Financial Weekly

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July 2020 27
INVESTMENT

Stock Buzz
Subramanian Mahadevan
dolphincapital@gmail.com

Orient Cement Limited (Rs.70)

Cementing Growth!
Orient Cement Limited (Orient) - is a Bhubaneshwar, Orissa based company was formerly part
of the listed Orient Paper & Industries belonging to C K Birla Group of Companies, equally consid-
ered as one of the most respectable, conservative and investor friendly business houses of India.
Orient was demerged in the year 2012, since then it had witnessed more than six fold increase in
the market capitalization in a very short period before hitting multi-year low in March 2020 due to
COVID crisis. The product mix of Orient includes Ordinary Portland Cement (OPC) & Pozzalona
Portland Cement (PPC) sold under the brand name of Birla A1. Good quality and suitability for
critical structures gives Birla A1 the edge over other brands in the market. Orient had a cement
capacity of 5mtpa in Andhra Pradesh and Maharashtra, along with captive power plants of 50MW.
Later through some green field expansion, added additional 3mtpa integrated cement plant in
Gulbarga enhancing Orient's capacity to 8mtpa and was successfully completed in 1QFY16. Ori-
ent is considered as efficient and one of the lowest cost cement producers in India. Orient Cement
in 2017, had announced the acquisition of two entities, Bhilai Jaypee Cement and Nigrie Cement
Grinding Unit, from debt-ridden Jaypee Group firms for a total consideration of Rs 1,946 crore to
enhance the company's cement manufacturing capacity to 12.2 MTPA for entry into the central and
eastern markets of India however the deal was abandoned due to inordinate delay and valuation
issues. Due to uncertain demand, capacity expansion at Devapur and Gulbarga (~6.5m tons) and
a 100 crore WHRS are put on hold, however per management guidance, D/E would remain under
1.5x and confident of loans repayment of 80 crore each in next 4 years. Indian cement industry is
expected to grow 4 to 5 percent year-on-year through FY21-23, driven largely by infrastructure
growth and a rural housing revival, should eventually help Orient's vision of becoming a 15 mtpa
company by 2023. Orient will emerge as a strong pan-India player by 2023 and has the potential
to report superb PAT in excess of 80 crores and 150 crore in FY21 and FY22 respectively. Inves-
tors are advised to buy Orient at current market price and slowly on every decline followed by
broader market correction for double digit returns in years to come.
Financial Weekly

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INVESTMENT

- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789

Nifty Overview :- In Last Trading Session, Nifty closed at 10568. Nifty is trading in narrow range
as it’s at resistance. If it sustains at these levels, we can expect it to go up further maximum till 10850/10900
where it has major hurdles. Nifty near support is at 10000 and next support at 9500 levels. For now, the
major range is 8900 to 10900.
Bank Nifty Overview :- In Last Trading Session, Bank Nifty closed at 21830. As we said in our
last article that Bank Nifty should consolidate and you can see it’s hovering at same levels. Bank Nifty near
support is at 21400/21250 levels. Upside level could be 22250 and if sustains then till 22900.

Trading Results
Scrip Name BSE Code Buy / Enter at Did High/ Remarks
Sell Low
Adani Ent 512599 Buy 155 164 Target Achieved
BPCL 500547 Buy 378 390 Target Achieved
Century Tex 550040 Buy 295 311 Target Achieved
Cummins 500480 Buy 395 413 Target Achieved
Equitas 539844 Buy 49 55 Target Achieved
M&M Fin 532720 Buy 165 188 Target Achieved
SRTRANSFIN 511218 Buy 679 714.9 Target Achieved
Tata Motors 500570 Buy 97.1 106.7 Almost 1st Target
Auro Pharma 524804 Sell 798 761 Target Achieved

Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Adani Ent 512599 159 150/155 165 180 145
Asian Paints 5005820 1697 1680/1690 1710 1740 1665
Coal India 533278 135 130/135 145 155 125
Cummins 500480 410 400/405 415 425 395
Exide 500086 153 143/148 155 170 135
Glenmark 532296 435 430/435 445 460 420
Zee 505537 171 165/170 180 190 157

Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Chola Fin 504973 197 220/225 215 205 235
Reliance 500325 1787 1830/1840 1815 1780 1852

Note: All calls are momentum calls based on technical analysis and all levels as per future prices (If scrip not available
in futures then BSE Cash price). All these calls are given based on daily charts but intra-day signals are equally important
to enter the trade in a timely manner. Timing is very important and we at shareinfoline.com give you timely calls based on
intra-day charts. Read Disclaimer at ShareInfoline.com
Financial Weekly

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July 2020 29
INVESTMENT

TECHNICAL TALK Dhananjay Kadam

TECHNICAL ANALYST, M. 7588622374

Corrections Are Temporary, Growth Is Permanent

Corrections Are Temporary, Growth Is Permanent !
* FII & DII Activity 03/07/20 (Rs Cr) :
Prov Cash: Rs Crs*
*FII : + 857.29* (3325.35 - 2468.06)
*DII : - 331.96* (3094.36 - 3426.32)
* India Vix close @ 25.76.
* Market Mood Index at 68.89 shows greed is the sentiment. And the activity in
small and midcap stocks confirms the same.
* Gold prices could see support stem from a weakening U.S. dollar, expectations
for more global monetary and fiscal stimulus, and escalating tensions be-
tween U.S. and China. Investors could deploy buy on dip strategy as weak
U.S. dollar, expectations for more global monetary and fiscal stimulus and
escalating tensions between the U.S. and China is likely to support de-
mand for the yellow metal.
* USDINR = 74.6458
* WTI Crude 39.95
Brent Crude 42.44
Natural Gas 1.738
OPEC Basket 42.89
* 12 Investment deals in 11 weeks in RIL. Stake that Reliance sold in Jio Plat-
forms to 25.09 percent. Mumbai-based RIL has now raised a combined Rs
117,588.45 crore from some of the world's leading tech investors led by
Facebook, which bought a 9.99 percent stake for Rs 43,574 crore on April
22.
Intel Corp will invest Rs 1,894.5 crore in Jio Platforms in exchange for a
0.39 percent stake, the latest big-ticket investment in the digital unit of Reli-
ance Industries (RIL).
Cont...
Financial Weekly

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INVESTMENT

ITI Ltd (Last close Rs 111.95)

ITI Limited is engaged in the business of manufacturing, trading and servicing of telecommunication
equipment and rendering other associated and ancillary services.
* Order Book of more than Rs 20000 crores i.e more than 3 to 4 times of ITI's market cap.
* ITI is committed to the “Make in India” & “Skill India” initiatives of Government of India.
* Telecom pioneer in India Contributed 50% to the existing national telecom network.
* Strong in-house R&D.
Recent Developments for ITI :
* ITI can be the major beneficiary due to GOI order: The Telecom Ministry has ordered BSNL, MTNL and
other private companies to ban all Chinese deals and equipment. They have been asked to avoid Chinese
equipment in upgradation. The decision by the Telecom ministry could play a major role in the 4G upgradation
purchases by its subsidiaries.
* The company says that it has started manufacturing face shield at its Bengaluru unit. The company is
now capable of producing 5 lakh face shields per month which may be extended to 15 lakh in the coming
days. ITI has also started new production of PPE kit, ventilators etc. Additional business for the company.
* ITI has received several defence orders in past. The previous project includes civil works for providing
the complete infrastructure required at various sites and optical fiber network, the company had said earlier
in a release. It also includes the supply, installation, commissioning and maintenance of telecom equipment
like IP/MPLS Routers, Microwave Radio, Satellite Terminals, NMS,Mobile Nodes and Test Equipment. In
current geo political tensions scenario, ITI may be a big beneficiary. Many defence stocks have rallied in
last two weeks.
* ITI Ltd ties up with Tech Mahindra for 5G tech
"The partnership will not only help to reduce dependency on import of Telecom equipment from foreign
countries but also address the concerns in building a strategic network for Defense Communication," R M
Agarwal, Chairman & Managing Director, ITI Limited said.
So in the current scenario, when most of the companies would be affected by the current crisis for few
quarters. However, ITI Ltd has received additional business opportunities.
Technicals : Bullish flag breakout on daily chart. One can buy and hold for a price target of Rs 132. Stop-
loss is Rs 107 on daily closing basis. Time frame is 9 days.
Financial Weekly

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July 2020 31
INVESTMENT

Siemens Limited (Last close Rs 1149.20 )

It is a holding company en-
gaged in the manufacture of elec-
tric motors, generators, transform-
ers and electricity distribution and
control apparatus; general pur-
pose machinery; electrical signal-
ing, safety or traffic-control equip-
ment etc.
Dividend Yield: 0.64 %
ROCE: 18.68 %
ROE: 12.29 %
Sales Growth (3Yrs): 8.31 %
Company is virtually debt free.
Company has been maintaining a healthy dividend payout of 24.08%.
Technicals : Resistance breakout on daily chart.
One can buy and hold for a price target of Rs 1246. Stop-loss is Rs 1111 on daily closing basis. Time
frame is 20 days.

Century Plyboards (Last close Rs 125.05)

It is a primarily engaged in manufactur-
ing and sale of Plywood, Laminates, Deco-
rative Veneers, Medium Density Fiber
Boards (MDF), Pre-laminated boards, Par-
ticle Board and Flush Doors and providing
Container Freight Station (CFS) services.
Dividend Yield: 0.84 %
ROCE: 17.18 %
ROE: 16.45 %
Sales Growth (3Yrs): 11.59 %

*Company has reduced debt.

* Company has a good return on equity (ROE) track record: 3 Years ROE 21.74%
* Debtor days have improved from 60.14 to 47.33 days.
Technicals : Consolidation breakout on daily chart. One can buy and hold for a price target of Rs 143.
Stop-loss would be Rs 119 on daily closing basis. Time frame is 15 days.

Mr Warren Buffett -
On finding opportunity: “Look at market fluctuations as your friend
rather than your enemy; profit from folly rather than participate in it.
Financial Weekly

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July 2020 32
INVESTMENT

TRADNICAL STRATEGY
Email: nimesh@nimeshthaker.com, M. 9228237373
NIMESH THAKER, BARODA
Sebi Registered NO. : INH000005874

History says July is month of Bulls

Last week I said that the market will move in both directions and had recommended
buying the nifty near 10200 level. we saw that the nifty had rallied from 10223 level and made
a high of 10631 level. This move clearly indicates that bulls have a strong hand in the current
market. However I think that 10725-10750 is a very crucial resistance level to watch out for
as this level could challenge bulls.
As per historical data of the last 18 years. Nifty has given positive returns in 13 years out
of 18 year and the average return is 2.1%. So as per historic data there is 72% probability of
the nifty to move further in July month from 10300 level of june closing.
On technical chart point of view, On daily chart Nifty has crossed 200 EMA resistance at
10515 level closed above that level for two consecutive days indicates strength. But as per
my study 10725-10750 are very strong resistance. If nifty clears that level then we may see
a rally up to 11000 in the near term.
On option point of view, nifty 10600 call and 11000 call option showing highest open
interest position which indicates short term trader expecting Nifty to move sideway to posi-
tive for next expiry.
With keep in mind all above data, I think if nifty trade near 10725-10750 level then we can
took exit form long position of Nifty and again can re-enter near 10450-10500 level. Aggres-
sive traders can Sell nifty near that level with stop-loss of 10800 and target of 10500. Overall
my view on Nifty is bullish and we should follow buy on dips strategy in nifty.
For your investment and trading related queries you can contact me on
9228237373.
Asian Pants : Buy
Purchase range: 1695-1670
Target: 1790-1870 Stop Loss: 1650
Allocation: 10% of trading capital
A strong structure is seen on the daily chart. The stock has broken the resistance level of
all its short-term as well as long-term averages and has stabilized at resistance. Looking at
the chart structure, it seems that in the short term, the stock may go up to 1790-1870. It is
therefore recommended to buy with a stop-loss of 1650.
Financial Weekly

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July 2020 33
INVESTMENT

Techno Funda Sachin Shah :

growyourwealthwithsachin@gmail.com
(Mumbai)

sound stocks
SYNGENE INTERNATIONAL LTD
(539268 & NSE) (437.35) (FV 10)
Syngene International Ltd is an innovation-focused global discovery, development and manu-
facturing organisation providing integrated scientific services to the pharmaceutical, biotechnol-
ogy, nutrition, animal health, consumer goods and specialty chemical industries around the world.
Syngene's clientele includes world leaders such as Bristol-Myers Squibb, Baxter, Amgen, GSK,
Merck KGaA and Herbalife. Its innovative culture is driven by the passion of its 4240-strong team of
scientists who work with clients from around the world to solve their scientific problems, improve
R&D productivity, speed up time to market and lower the cost of innovation.

FY20 FY19
Sales 2011.90 Sales 1825.60
PAT 412.10 PAT 331.60
Sales Growth 10.20% PAT Growth 24.28%

Technical Observations : Syngene is trading at 437.35. The ADX, MACD, parabolic

SAR and super trend indicators are in buy mode on daily, weekly and monthly charts and the stock
is trading price above its 5,10,20,50,200 EMA and SMA on daily charts. Stock can be added on
dips with a target of 560 within 15 to 18 months.
Financial Weekly

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July 2020 34
INVESTMENT

Terrific Shots - Dilip K. Shah

Nucleus Software (Rs. 270.00) (Code: 531209)

B group IT Software company provides lending and transaction banking product to global
financial services industry since 1986. The company's software are used in more than 200
financial institutions in around 50 countries, which provides supports to retail lending, corpo-
rate banking, cash management, mobile and internet banking, automobile finance and other
businesses. The main clients of the company include three out of top 15 banks at global level
and three out of 10 top automotive finance companies. In FY2020, the company recorded net
profit of Rs96.04 crore on income of Rs432.27 crore. The stock is being traded at PE mul-
tiple of 7. It may hit the 52 week high in medium to long term.
Polycab India (Rs. 843.00) (Code: 542652)
The electric goods manufacturing company came up with an IPO in April 2019 at offer
price of Rs538 and got 51.88 times subscription. The promoters hold 68.58% stake and
public hold 31.42% stake. The company manufactures products ranging from cables to LED
lights, fans to switch gears. In FY2020, the company recorded net profit of Rs759 crore on
income of Rs8830 crore with EPS of Rs.51.15. The next couple of quarters could be poor for
the company. Therefore, it may witness correction in the price making the stock good option
for investment. The stock can be bought in four-five phases. It has paid interim dividend of
70% for FY2020.
Balkrishna Ind. (Rs.1313.00) (Code: 502355)
Agriculture segment accounts for 62% share in the company's total income, while share of
industrial, construction and earth moving segments is 34%. It owns four manufacturing plants
of which two are in Rajasthan and one each in Maharashtra and Gujarat. It exports 90% of
products in 120 countries of the world. In March quarter, the company's sales increased
from Rs1356 crore to Rs1372 crore, while profit increased from Rs.186 crore to Rs.265
crore. It paid 150% dividend in 2018 and interim dividend of 300% and final dividend of 100%
in 2019. It paid 200% interim dividend and also 800% interim dividend for 2020. In March
quarter, Mutual Funds have increased the stake by 0.34% and FII stake has increased by
0.25%.
Dixon Techno (Rs.5977.00) (Code:540699)
The company manufactures electronic equipment like set-up box, mobile and LED panel.
It also manufactures equipment for Washing Machine, LED Lights and Security Surveillance.
These products are mainly imported in India but now the government is focusing on Vocal for
Local and may impose import duty which may help the domestic companies in this field. As
against equity of Rs.12 crore, the company has reserves of Rs.530 crore. In FY2020, the
company's sales increased from Rs2984 crore to Rs4400 crore, while profit increased from
Rs63 crore to Rs120 crore. The operating profit increased from Rs136 crore to Rs223 crore.
The stock is being quoted at PE of 56, but still it seems attractive. The stock can be invested
at any correction in the current price.

Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this stocks • I/My family have no financial
interest or beneficial interest of more than 1% in the company whose stocks I am recommending • Stop loss is useful for Short / Medium Term investor Only • Smart Investment will not be responsible / liable
for any loss arising out of investment based on tis advices • Past performance may or may not be substainedin future "
(Dilip K. Shah) Research Analyst SEBI Regn No. : INH000002152
Financial Weekly

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July 2020 35
INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com

Important support for Index at 35467

and Nifty Future at 10430
BSE Index (36021.42) :- It shows im-
provement from bottom of 32348.10. It shows
overbought position on daily basis and weekly
basis, while neutral on monthly basis. On up-
ward movement, beyond 36110 it may go up to
36170 and 36480. On downward movement,
below 35467 it may indicate weak position. The
market is overbought so cautious approach
needed in new buying.
Bank Nifty Future (21832.20) :- It
shows improvement from bottom of 19435.80.
It shows neutral position on daily basis, over-
bought on weekly basis and oversold on monthly basis. On upward movement, beyond 22290 it
may go up to 22495 and then after to 23350 and 23550. On downward movement, below 21750 it
may go down to 21450 and 20960 indicating weak position.
Nifty Future (10568.00) :- It shows improvement from bottom of 9581.95. It shows neutral
position on daily basis, overbought on weekly basis and neutral on monthly basis. On upward
movement, beyond10610 it may go up to 10695 and 10790. On downward movement, below 10533
it may go down to 10430 which shows weak market position.
HDFC (1885.20) :- It shows improvement from bottom of 1486. It shows overbought position
on weekly and daily basis, while overbought on monthly basis. On upward movement, beyond
2750 it may go up to 2830 and 2925. On downward movement, below it may get support at 2250.
M&M Finance (182.75) :- It shows improvement from bottom of 125.40. It shows neutral
position on daily basis, overbought on weekly basis and oversold on monthly basis. On upward
movement, beyond 192 it may go up to 195 and then to 212 and 230. On downward movement,
below 178 it may get support at 174.
Maruti (5932.10) :- It shows improvement from bottom of 4367.50. It shows overbought posi-
tion on daily and weekly basis, while neutral on monthly basis. On upward movement, beyond
5960 it may go up to 6060 and then to 6115 and 6170. On downward movement, it may get support
at 5820.
Reliance (1787.00) :- It shows improvement from bottom of 1393. It shows neutral position
on daily basis, overbought on weekly and monthly basis. On upward movement, beyond 1793 it
may go up to 1804 and then to 1825 and 1850. On downward movement, it may get support at
1735.
Disclosure : The Recommendations are based on technical analysis. There is a risk of loss in trading.

Golden quote :-
Good Friends, Good Books and a Sleepy Conscience : this is the ideal life
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 36
INVESTMENT

Dilip Davda
e-mail Expert’s Eye
dilip_davda@rediffmail.com

July trading starts on a positive note

Macro economic data and Global cues on radar
The week under report that had first two remaining sessions of June 2020 and the rest for
July 2020. While first two sessions marked negative closings the remaining three ended on a
positive note. Thus it can be said that July trading started on a positive note. In fact last three
sessions closing in green helped indices to close at respectable sentimental barriers of
10.6K for NSE Nifty and 36K for BSE Sensex. According to market punters, July is expected
to be the green month with progress report of the monsoon. However, Indo-China boarder
tension may keep operators on their toes. While many Q4 results are yet to be declared, we
are entering in the arena of FY20-21 Q1 results. Thus market may turned stock specific for
coming few weeks, opine seasoned observers. Although FIIs were on sell mode for entire
week, RBI's intervention kept Rupee floating and easing Dollar. Mid and Small cap indices
underperformed bench marks for most part of the week.
For the week, benchmarks moved in the range of 10631.30 - 10223.60 for NSE Nifty and
36110.21 - 34662.06 for BSE Sensex.
The week ended with GAINs of 224.35 points for NSE Nifty and of 850.15 points for BSE
Sensex.
On Monday, markets opened on a negative note and traded in red zone for the day to
end with losses. NSE Nifty marked deficit of 70.60 points to close at 10312.40 and BSE
Sensex lost 209.75 points to end the day at 34961.52. Spreading of COVID-19 pandemic
globally kept a tab on general sentiment. IT, Banking, Power, Metal, Auto, Capital Goods
counters lead the doom. FMCG counters gained on value buying. However, selective Mid
and Small cap counters marked informed buying. Mid and Small cap underperformed bench-
marks and kept market breadth negative. FIIs were the net sellers while DIIs were the net
buyers for the day.
With positive openings on Tuesday, markets moved both sides to close flat but in red
and thus last two sessions for the month of June 2020 marked negative closing. While NSE
Nifty lost mere 10.30 points to end the day at 10302.10, BSE Sensex marked deficit of just
45.72 points to close at 34915.80. Auto counters gained on fresh buying support at lower
levels. Banking counters gained and got support from select fancy Mid and Small cap counters.
Mid and Small cap underperformed benchmarks and kept market breadth negative for the
second session in a row. FIIs were the net sellers while DIIs were the net buyers for the day.
We marked cautious positive openings on Wednesday that finally ended in green after
moving both sides in intraday trades. NSE Nifty gained 127.95 points to close at 10430.05,
BSE Sensex scored 498.65 points to end the day at 35414.45. FMCG and Banking counters
Cont....
Financial Weekly

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July 2020 37
INVESTMENT

During the week dividend During the week

announcement Tiaan Ayurvedic turned
A K Capital (10%), Aartech Solonics (5%), Acknit Ind (15%), ex-bonus (1 for 4)
Ambika Cotton (150%), Anjani Portland (50%), Associated *******
Alcohols (10%), Avanti Feeds (10%), Bajaj Steel (40%), Beekay
Steel (10%), BEML (35%), Bigblock Const (2.5%), CMI FPE Karda Constructions turned
(50%), Coral India Fin (10%), Crest Ventures (5%), Dhunseri ex-split (5 for 1).
Tea (25%), D-Link (50%), Dollar Ind (85%), Ecoplast (15%), Fine *******
Org (60%), Flex Foods (7.5%), Force Motors (100%), Frontline
Secur (2.5%), Gandhi Spl (180%), GIC Housing (20%), Gowra
bonus issue announced by
Leasing (10%), Greenply Ind (40%), Hind Composites (40%), Jonjua Overseas
Indian Hume (100%), Indo National (50%), Jai Corp (50%), Jindal (1 share for every 43 shares held)
Poly (10%), Jindal Saw (100%), Kamdhenu (5%), Kemp & Co
(5%), Keynote Fin (10%), Kiri Ind (5%), Kkalpana Ind (6%), Kriti
Ind (15%), Lux Ind (125%), MRF (940%), Mallcom (20%), Mayur lead the rally while Auto counters eased
Uniquo (20%), Mazda Ltd (25%), Mishtann Foods (0.1%), Mitsu on lower dispatch reports for the sec-
Chem (2%), MPIL Corp (15%), Narmada Gelatines(100%), NGL
Fine (35%), NHPC (3.2%), Orient Refract (250%), Parag Milk tor. RIL gained and got support from
(5%), Picccadily Agro (2%), Pokarna (30%), Polymechplast (8%), select Oil and Gas counters. Market
Power Mech (10%), Premco Global (20%), Punjab Chem (15%), breadth turned positive despite Mid and
Rama Phosphates (10%), Rossell (10%), Salasar Techno (10%),
Sandhar Techno (7.5%), Shilchar Tech (10%), Sika Inter (11%), Small cap indices underperforming the
SIL Inv (25%), Sobha Ltd (70%), Stanrose Mafatlal (60%), benchmarks.
Steelcast (12%), Subros (40%), Talbros Auto (5%), Tata Steel
FIIs were the net sellers while DIIs
(100%), Time Techno (95%), Tyche Ind (10%), Uni-Abex (50%),
Ventura Guaranty (30%), Vikram Thermo (15%), Yuken India were the net buyers for the day.
(6%), Aarnav Fashions (5%), Agarwal Ind (15%), Asian Granito
(7%), Basant Agro (5%), Bhandari Hosiery (1%), Bhatia Com- On Thursday markets opened
muni (40%), Bimetal Bearings (70%), Bombay Cycle (50%), higher and traded in green zone for the
Ceejay Fin (10%), Cravatex (10%), Deepak Ferti (30%), DHP
India (25%), Donear Ind (10%), Elcid Inv (150%), Elixir Cap session. At the close NSE marked gain
(12.5%), Elnet Tech (12%), FIEM Ind (30%), GOCL Corp (100%), of 121.65 points with closing of 10551.70
Guj Apollo (30%), Hindustan Tin (6%), Hisar Metal (10%), Inani and BSE Sensex ended the day at
Marble (2%), Intrasoft Tech (10%), J L Morison (10%), JBM
Auto (35%), Jindal Drilling (10%), KPR Mill (15%), Kaira Can 35843.80 with a rise of 429.25 points.
(10%), KSE Ltd (200%), Lambodhara Text (10%), Lancor Hold Due to spreading COVID-19 pandemic,
(2.5%), Linc Pen (15%), Mangal Credit (5%), Medicamen Hio more stimulus announcements from
(5%), Mangalam Org (10), MSTC (33%), Mukesh Babu
(12%),Munjal Showa (225%), NCL Ind (10%), Nirlon (7.5%), major countries helped bullish sentiment.
Paisalo Digi (10%), Panasonic Carbon (100%), Panasonic En- Spurt in Auto, Consumer Durables, Oil
ergy (40%), Patel Integrated (1%), Petronet LNG (70%), Pix and Gas, Pharma and IT counters helped
Transmission (20%), Prakash Pipes (12%), Pressman Adv
(50%), Rajesh Expo (100%), RITES (60%), Shivalik Rasayan indices to remain in green zone. Select
(5%), Sinclair Hotels (40%), SJVN Ltd (5%), Spenta Intl (8%), Mid and Small cap fancy counters
Superhouse (8%), Suryamba Spg (6%), TN Newsprint (60%), gained on informed buying. Even though
Titan Bio (10%), Uflex (20%), Ugar Sugar (10%), Victoria Mills
(50%), Vishvprabha Ventures (2.5%), Amarjothi Spt (20%), BCPL Mid and Small cap indices
Railway (2%),Bharat Rasayan (15%), Chaman Lal Setia (25%), underperformed the benchmarks, mar-
Haldyn Glass (60%), Intense Tech (10%), Joindre Cap (6%), ket breadth turned positive with selec-
Multiplus Hold (0.2%), Mysore Petro (20%), Sree Rayalaseema
Hi (25%), Vasundhara Rasayan (15%), Vedavaag Syst (10%), tive buying. FIIs were the net sellers
Bharat Dynamics (25.5%), Bharat Electronics (140%), Brightcom while DIIs were the net buyers for the
Group (2.5%), Finolex Cables (275%), Frontier Springs (11%), day.
KIFS Fin (12.5%), Kriti Nutrients (18%), Mishra Dhatu (15.6%),
NTPC (26.5%), Om Metals (20%), V R Films (10%), WPIL (75%), With a gap up openings on Friday,
Dhunseri Ventures (5%), India Gelatine (15%), Kauntum Papers
(25%), Sanmit Infra (2.5%), Indian Wood Prod (5%) etc. markets traded in green zone to finally
Cont....
Financial Weekly

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July 2020 38
INVESTMENT
end the day with flat gains. NSE Nifty scored 55.65 points to end the day at 10607.35, BSE
Sensex gained 177.72 points to close at 36021.42. Auto counters lead the rally and got
support from telecom, power and IT fancy counters. While Mid cap indices outperformed
benchmarks, Small cap underperformed. Market breadth was marginally negative. Reliance
Ind too gained momentum on reports of further investment by multinational in Jio venture.
Metals and Banking counters eased on profit bookings at higher levels. Surprisingly for the
last session of the week FIIs turned net buyers while DIIs were the net sellers.
Dollar eased to mark recent new low before ending the week at Rs. 74.65 a Dollar. Brent
Crude Oil surged to mark 42.65$ a barrel. Continued fuel price hike irked the sentiment. For
the ensuing week we have more than 130 quarterly numbers announcements from corpo-
rate. Global cues and macro economic data will trigger market movements for the week.
FY21 Q1 season too is now round the corner. Progress of monsoon and more stimulus plans
will have a bearing on intermittent trends. Thus volatile trades will be the order of the day.
Amidst such a scenario, benchmarks movement is likely in the range of 10900-10000 for
NSE Nifty and 37000-34500 for BSE Sensex for the coming week.
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or
sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and
information purposes only and under no circumstances should be used for making investment decisions. Readers must
consult a qualified financial advisor prior to making any actual investment decisions, based on information published here.
Any reader taking decisions based on any information published here does so entirely at own risk. Above information is
based on the details available as on the date along with market perceptions. Investors should bear in mind that any
investments in stock markets are subject to unpredictable market related risks. (THE AUTHOUR IS SEBI REGISTERED
RESEARCH ANALYST)

Nifty & Sensex Movement during the last week

Nifty Open High Low Close Diff
29-Jun-20 10311.95 10337.95 10223.6 10312.4 -70.6
30-Jun-20 10382.6 10401.05 10267.35 10302.1 -10.3
01-Jul-20 10323.8 10447.05 10299.6 10430.05 127.95
02-Jul-20 10493.05 10598.2 10485.55 10551.7 121.65
03-Jul-20 10614.95 10631.3 10562.65 10607.35 55.65
Net Weekly Gains 224.35
Sensex Open High Low Close Diff
29/06/2020 34,926.95 35,032.36 34,662.06 34,961.52 -209.75
30/06/2020 35,168.30 35,233.91 34,812.80 34,915.80 -45.72
01/07/2020 35,009.59 35,467.23 34,927.20 35,414.45 498.65
02/07/2020 35,604.00 36,014.92 35,595.36 35,843.70 429.25
03/07/2020 36,025.38 36,110.21 35,872.38 36,021.42 177.72
Net Weekly Gains 850.15
Financial Weekly

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July 2020 39
INVESTMENT
A. K. Asnani
(M) 9893512098
Smart Verc (Bhopal)
Author of Book
Way to Billionaire

Smart Steps to Portfolio Management - I

Ultimately what matters for an investor is the total returns and not individual stock returns. Thus,
you may have 15 small gainers in your portfolio but a single big loser can undo the work of gainers.
Picking a stock for a portfolio is equally important as managing the portfolio for optimum returns.
Stock Picking
Broadly speaking, there are two types of stocks, Value and Growth.
Value stocks are undervalued in terms of some hidden value like patents, IPRs, real estate,
investments, etc. While growth stocks keep growing at a steady rate over a long term.
Whether Value or Growth stock, one should be capable of finding the 'Intrinsic worth' of the
stock, else the whole exercise is futile. Making a mistake in finding the intrinsic worth of a value
stocks can prove costly while in growth stocks due to the shear nature (growth) the chances of
losses are minimal.
Where to look for the trigger?
After every quarter, the companies are required to declare their quarterly results. Keep watching
the results and pick those for further research which have reported decent growth in Sales or and
Profits. Also, at times one gets insights from the 'Notes' mentioned just below the results. Ensure
that the company pays Dividend, this indicates that the cash position is comfortable.
Often the company management, comments on the performance and that is another key indica-
tor of the shape of things to come in future. Same way, the presentation prepared by the companies
provides insights.
There are two things which decide the behaviour of stock prices, one is the past which includes
the results, Promoter holding, Book value, etc and the other and more important part is future.
Future is dependent on the CEO and Promoters who navigate the company even through rough
weather. It is also dependent on the order book, contracts, expansion plans, acquisition plans etc.
Thus, the past financial strength helps the stock resist the downward pressure while the future
prospects decides the upward pull.

Happy Investing!
(To be continued in next issue) A. K. Asnani
Author | Advisor | Coach | Mentor | smartasn@gmail.com
(investors are advised to act as per their own conviction. Above are only the views of the Author)
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 40
INVESTMENT

Scrip Watch - Siddharth Shah

Tasty Bites (Rs. 13057.00) (Code : 519091)

The company is in the prepared food business operating two verticals - Consumer Business
and Food Service Business. While Consumer Business has seen an uplift in demand, its food
service business has been impacted adversely by the lockdown. Company’s net profit rose 6.09%
to Rs 8.53 crore in the March quarter as against Rs 8.04 crore during the previous quarter ended
March 2019. Sales rose 34.71% to Rs 114.79 crore. For the full year,net profit rose 35.93% to Rs
40.86 crore in the year ended March 2020 as against Rs 30.06 crore. Sales rose 26.35% to Rs
424.64 crore. The company has a strong balance sheet and cash flow position to meet its financial
commitments. Further, the company is deeply energized by the way its parent company Mars,
Incorporated is supporting and guiding. The stock was trading at Rs.7442 on 25th March and now
trading at Rs.13,100 plus level. i.e. almost doubled in three months. Buy at decline.

Bharti Airtel (Rs. 581.00) (Code : 532454)

In a span of less than two years, Vodafone Idea has lost 116.13 million subscribers, relegating
the company to the number three position with a user base of 325 million. During the same period,
Bharti Airtel managed to retain its market share and has become second largest telecom company
in terms of subscribers. Airtel’s market share has been 28.35%. Meanwhile, US-based Carlyle is
set to buy 25% stake in Bharti Airtel Ltd’s data center arm for $235 million. The Carlyle is trying to
taps into the rapid growth of digital services in India. The acquisition will give Airtel’s Nxtra Data
Ltd an enterprise valuation of about $1.2 billion. Airtel will hold the remaining 75% stake in Nxtra.
Now, Airtel is challenging its arc rival Jio on every front. The stock is also making new highs. Buy.

Bajaj Finance (Rs. 2931.00) (Code : 500034)

Bajaj Finance is the country’s largest non-banking consumer finance company. Bajaj Finance
stock has given 6261 per cent return over the last decade, 459 per cent return in last 5 years and
110 per cent return in last 3 months. Bajaj Finance has managed to open a large number of its
branches. It is talking about improvement at the ground level and the people opting for moratorium
may come down too. The stock has been a multibagger stock and it is a clear favourite of interna-
tional as well as domestic investors. 842 foreign institutional investors (FIIs) collectively held 21.16
per cent stake in the shadow lender at the end of March quarter, out of which the Government of
Singapore owned 4.51 per cent. The NBFC managed the crisis well, and being a quality business
the stock recovered sharply from the earlier lows. Accumulate at decline.

ACC (Rs. 1314.00) (Code : 500410)

ACC Ltd : ACC Ltd is expanding its capacity by 18%. ACC will be incurring a capital expendi-
ture of Rs3,000 crore to add 5.9 million tonnes per annum (mtpa) cement capacity and 3 mtpa
clinker capacity in Uttar Pradesh and Jharkhand. The company’s existing cement capacity stands
at 33.41 mtpa. Going by ACC’s free cash flow at current levels, from FY2018-2020, the company
could generate Rs4,000-4,500 crore. So, internal accruals should be sufficient to fund the capex of
Rs 3,000 crore. The management expects commissioning to happen by calendar year 2022 – this
is after factoring in a likely delay of 6-12 months due to covid-19. Analysts expect cement prices to
improve 1-2 per cent year-on-year in all regions for FY21. Cement companies are expected to
protect margin over volumes and this price trend to continue. ACCumulate at every decline.
Cont...
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 41
INVESTMENT

HAL (Rs. 851.00) (Code : 541154)

HAL : Hindustan Aeronautics (HAL) stock has rallied in last 2 months and now trading very
close to Rs.800 level. HAL is gearing up to build 83 LCAs in the more sophisticated Tejas Mark 1A
configuration, an order the defence ministry has cleared. Meanwhile, the government as initiated
process for the disinvestment of 15% Paid-up equity Capital of Hindustan Aeronautics. HAL has
announced a record turnover of over Rs 21,100 crore for 2019-20. This amounts to a growth of 7
per cent over the previous year’s turnover of Rs 19,705 crore. HAL will be one of the beneficiaries
of the increase in FDI limit in defence manufacturing under the automatic route to 74 per cent from
49 per cent. The government is looking to protect India’s indigenous defence sector, with a negative
list for items that will only be procured domestically. Buy on decline.

Concor (Rs. 429.00) (Code : 531344)

Container Corporation of India Ltd (Concor) is the holding company. The company is engaged
in transportation of containers (rail and road), and handling of containers. The company is also
engaged in the operation of logistics facilities, including dry ports, container freight stations and
private freight terminals. Its divisions are Exim and Domestic. Q1FY21 will witness a certain in-
crease in land license fee and one can only notice the scenarios around the possible increase.
Also, Concor has already given up 15 terminals (link) which were expensive real estate and were
not leading to any meaningful business. The steep fall in container traffic at major ports may not
have commensurate impact on Concor. It is able to store cargo at its warehouses and thus gain
market share, especially because of the restrictions on inland road transport. The stock is up more
than 15 per cent in last 15 days. Buy.

Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above.
The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author
may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also
is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions
undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.

Global markets turns volatile

&
Both side wild movement
will be seen in the month of July
To know which stock will outperform in the market?
Join our FREE telegram channel
http://t.me/equity99
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 42
INVESTMENT

Market Tips - Het Zaveri

MRF (Rs. 66117.00) (Code : 500290)

The country's largest tyre manufacturer reported a 25.05% rise in its consolidated net profit to Rs
1,422.57 crore against Rs 1,130.61 crore in 2018-19. For the fourth quarter ended March 31, 2020,
the tyre manufacturer posted over two-fold jump in consolidated net profit at Rs 679.02 crore against
Rs 293.93 crore in Q4 FY19. For the quarter ended March 2020, revenue from operations fell
10.93% to Rs 3,685.16 crore compared with Rs 4,137.67 crore in the same period of 2018-19. The
board of directors has recommended a final dividend of Rs 94 per share (940 per cent) for FY20.
With two interim dividends of Rs 3 each paid during the year, the aggregate dividend is Rs 100 per
equity share of Rs 10 each (1,000 per cent). The stock is worth accumulation.

Maruti Suzuki (Rs. 5933.00) (Code : 532500)

The country’s largest carmaker Maruti Suzuki reported a decline of 53.7% to sell 52,300 units
last month. Maruti Suzuki exported 4,289 units in June. Sales data are still better than earlier month
May. Mini and compact sub segments together accounting for 37,154 units in sales. Meanwhile,
Maruti on Thursday announced the launch of its vehicle leasing service, Maruti Suzuki Subscribe,
as the company seeks to promote different forms of vehicle ownership models at a time when
affordability of customers has taken a sharp hit due to the covid-19 induced economic slowdown. It
has tied up with Orix Auto Infrastructure Services Limited, a subsidiary of Orix Corporation, Japan,
to launch vehicle leading service. Through this, the company would offer cars for subscription as a
pilot project in Gurugram and Bengaluru. This strategy would open up an additional revenue stream
for the company in a time when sales is expected to slump in near future. Buy.

Havells India (Rs. 579.00) (Code : 517354)

Havells India : Consumer appliances and electrical equipment company Havells India Limited
made a quick pivot during the lockdown. Its offline-to-online or ‘O2O’ business model ensured
business continuity for its offline dealers and comfort for consumers. Havells India could well be
one of the better placed companies thanks to its robust balance sheet. As on 31 March, Havells
had cash worth about Rs1100 crore and no borrowings. The company’s strong balance sheet,
along with strong brand pull with strength in the distribution network in its core business, can help
it deliver better-than-industry growth with a macro recovery. More population in the smaller towns
or rural areas with people going back home. So, there is better traction coming from semi-urban
and rural areas. Overall, it is better placed against peers. Buy.

Bharat Bijlee (Rs. 807.00) (Code : 503960)

Bharat Bijlee: Bharat Bijlee has reported much better Q4 numbers last week. Its net profit rose
47.14% to Rs 14.17 crore as against Rs 9.63 crore during the previous quarter ended March 2019.
Sales declined 4.75% to Rs 260.08 crore as against Rs 273.05 crore. For the full year, net profit
rose 9.85% to Rs 45.62 crore in the year ended March 2020 as against Rs 41.53 crore during the
previous year ended March 2019. Sales declined 0.39% to Rs 928.73 crore. EBITDA stands at Rs.
29.36 crore in March 2020 up 42.59% from Rs. 20.59 crore in March 2019. Bharat Bijlee EPS has
increased to Rs. 25.07 in March 2020 from Rs. 17.05 in March 2019. The stock has doubled from
its March low of Rs.370 and now trading at around Rs.780. Still, it is below its 52-week high of
Rs.1107. Buy in phased manner.
Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of
his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up
or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived
from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses
made by anybody.
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 43
INVESTMENT

SMART TIPS Smita N. Zaveri

Sakar HC (Rs. 60.00) (NSE) :- Shares of this pharma sector company have face value of
Rs. 10. The shares touched a 52-week high of Rs. 66 and low of Rs. 44. The company got listed on
NSE in April 2019. Promoted by Sanjay Shah and Mrs. Rita Shah, Sakar HC has a manufacturing
unit at Changodar near Ahmedabad. The company does contract manufacturing for a host of pharma
companies, including Zydus Cadila, Cipla, etc. Besides India, it also has presence in Latin America
and Africa. It has authorization from drug authorities of Uganda, Kenya, Yemen, Ethiopia, Congo,
Ghana, etc. Its product portfolio comprises oral liquids, Cephalosporin, liquid injection, dry powder
injections, etc. For the year ended March 2020, it reported income of Rs. 82.98 crore and profit of
Rs. 9.82 crore, which is the highest so far. For March quarter, income was Rs. 18.26 crore and
profit Rs. 2.86 crore. The company's new unit will become operational by March. It will add Rs. 60
crore to the topline, and turnover for 2021-22 could be Rs. 175 crore. Exports account for 80% of
the total business. The share can be seen touching Rs. 100 in two to three quarters.
Granules India (Rs. 208.00) (Code: 532482) :- The company is the largest pro-
ducer of paracetamol. It is also active in API, PFI, and finished dosage segments. Its products are
exported to over 60 countries. Promoter holding in the company is 42.90%. For March quarter, its
income declined from Rs. 613 crore to Rs. 600 crore. However, profit shot up from Rs. 64 crore to
Rs. 92 crore. For the whole year, income went up from Rs. 2,279 crore to Rs. 2,599 crore, and profit
from Rs. 236 crore to Rs. 335 crore. The company has paid 75% interim dividend. The stock was
trading in a narrow range for a long time, but it has shown a strong move in the past six months, to
touch all-time high price. The shares touched a 52-week high of Rs. 217 and low of Rs. 84. FPIs
have increased their stake by 3.96% in March quarter. Experts are bullish on the stock and it can
soon be seen crossing Rs. 250.
Bharat Electronics (Rs. 97.00) (Code: 500049) :- Shares of this A Group listed
defence sector company have face value ofRe. 1. The shares touched a 52-week high of Rs. 122
and low of Rs. 56. Promoter central government holds 51.14% stake in the company. Bharat Elec-
tronics is one of the Navratna companies, and operates in homeland security,solar energy, cyber
security, and other areas. It also makes Electronic Voting Machines. The company's order book
was Rs. 51,970 crore till April 2020. It had bagged orders of Rs. 13,200 during the previous year.
Bharat Electronics has announced final dividend of Rs. 1.40 per share for FY 2019-20. The com-
pany has a market cap of Rs. 21,868 crore. For March quarter, it reported consolidated income of
Rs. 5,819 crore, which was higher by 49%, while profit jumped over 74% to Rs. 1,047 crore. The
government's focus is on promoting domestic manufacturing of defence equipment, and BEL is
expected to be the biggest gainer of this. The stock can be seen crossing the 52-week high in the
short to medium term, and touching a new high.
HUDCO (Rs. 33.80) (Code: 540530) :- Shares of this A Group listed housing finance
company touched a 52-week high of Rs. 45 and low of Rs. 18. Known as Housing and Urban
Development Corporation, the company was established in 1970. The company had issued shares
at Rs. 60 apiece at the time of its IPO in 2017. The shares had touched Rs. 100, but fell to Rs. 28
after that. Promoter central government holds 89.81% stake in the company. Book value of the
shares is Rs. 63.26. The company has a market cap of Rs. 6,936 crore. Its loan book grew 10.34%
for March quarter. For March quarter, HUDCO's consolidated profit jumped 86.6% to Rs. 441 crore,
whereas income went up 27.3% to Rs. 1,900 crore. The stock had hit the 20% upper circuit after the
results were announced.
SEBI Registered Research Analyst)
* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on 3rd July, 2020 unless
specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though, every care has been taken,
we will not responsible for any errors / omissions • All disputes are subject to Ahmedabad jurisdiction
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 44
INVESTMENT

Smart super duper - Het Zaveri

HDFC Life (Rs.572.00) (Code: 540777) :- The largest private insurance company of
India has strong network of 421 offices and 97000 agents. The company accumulated total premi-
ums of Rs8001 crore during the 3rd quarter of FY2020, which shows 16% growth in new business
and 14% growth in renewal business. It provides individual and group insurances across the coun-
try including term insurance plans, women plans, health insurance plans, child education plans,
ULIPs and Savings Insurance plans. Amid lockdown, the insurance companies which provide
digital services are likely to gain more and HDFC Life Insurance is ahead of its peers in the market
in terms of digitalization through online portal, website, mobile apps and whatsapp services. In FY
2020, the company recorded net profit of Rs1278 crore on income of Rs1297 crore. It paid 16.30%
dividend last year. It is good option for investment in phased manner.
Finolex Cable (Rs.292.00) (Code: 500144) :- One of the strongest brands in cable
market Finolex owns manufacturing units in Pune, Goa and Uttarakhand. As against equity of
Rs.30.59 crore the company has reserves of Rs.2688 crore. In FY 2020, the company recorded net
profit of Rs.391 crore on sales of Rs.2877 crore with EPS of Rs.25.57. The company holds consid-
erable market share in cable market and it is also planning to launch other products. The stock
seems good option for investment at current market rate. Downsize seems limited in the stock.
Mutual Funds hold 19.17% and FIIs hold 7.48% stake. It paid 225% dividend for 2019 and has
declared 275% dividend for FY2020. Despite poor results, the company declared dividend which
shows management's confidence in the bright future of the company.
RITES (Rs.262.00) (Code:541556) :- The company set up in 1984 came up with IPO
recently and it witnessed bullish trend after listing. It has its presence in transport and infrastructure
segments. It undertakes works like consultancy services, turnkey construction projects, rolling stock,
equipment and spares export and railway rolling stock and equipment leasing. As against equity of
Rs250 crore, the company has reserves of Rs2383 crore. In FY2020, the company's sales in-
creased from Rs.2047 crore to Rs2474 crore, while profit increased from Rs.470 crore to Rs.616
crore. It paid 160% dividend for FY2020.The company has more than Rs6500 crore projects on
hand. The stock can be bought with long term outlook and may give good return in 2020 as well.
Exide Industries (Rs. 153.00) (Code: 500086) :- It is one of the biggest manufac-
tures of battery for automobile sector and holds the position of market leader. It has seven manu-
facturing plants and owns strong brands such as Exide and SF Sonic. It also manufactures batter-
ies for industrial and submarine segment. However, automotive sector accounts for the biggest
chunk in its income. As against equity of Rs85 crore, the company has reserves of Rs6382 crore. In
FY2020, the company's income decreased from Rs. 14721 crore to Rs14471 crore, while profit
decreased from Rs.846 crore to Rs777 crore, It also owns insurance subsidy and higher valua-
tions of insurance companies indicate that Exide's subsidiary may also witness unlocking of the
value. Downside seems limited so it may witness upside with improvement in market sentiments.

Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above.
The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author
may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also
is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions
undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 45
INVESTMENT

Di wan-E-Khas A.J. Diwan (Mumbai)

E-mail : divanconsultancy@rediffmail.com

COVID-19 INCREASING
&
STOCK MARKET ALSO UP
Yes, Now Covid-19 fear is subsides, stock markets giving thumping welcome. An operator of
market is picking up one by one industry for boosting markets. This applies to the all world markets.
Now onwards market trend will be decided on quarterly results to be announced. Due to lockdown
of three months, market is expecting very bad results. But results come better than expectation and
company's share prices are not going down as it should be.
In our last column, we had written about M&M in bear grip up to Wednesday, after breaking 510
it broke 500 and touched Rs.495. On Thursday share price cross Rs.510 with volume to close at
530. Now Rs.520 will be support and 540/45 upper target. Tractor sales are also bound to go up.

Mothersum Sumi : The management has chalk out De-merger plan. The new company
will also be formed and will be listed on Exchanges. All auto parts under one company. The merged
company will be Sarvardhana Mothersum Sumi. On Thursday share price has closed at Rs.102.
We expect price to go up to Rs.110 in short term. Share price may slowly mount to Rs.120/25.

REC Ltd : From Rs.112/13 share price has come down to Rs.109 or so. The trend is weak and
around Rs.110 its good short with stop-loss of Rs.112. The target is Rs.107.

BANK NIFTY : On last Thursday we saw correction from higher level. The support is at
21,875 and 21,600. Should be stop-loss for bulls. On upper side 22150/225 and 22275 resistance
levels. On above level we may see some profit booking.

RELIANCE : Two days consecutive close above 1775 may skyrocket share price. The target
is 1840/60.
Nifty should remain above 10550 on closing basis.
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 46
INVESTMENT

Investment Ideas telegram.me/rupeegains7

NIFTY
For next week NIFTY has strong support around 10535 levels. Break will take it to 10440---
10400 levels. On the upper side NIFTY will face strong hurdle at 10670 levels, cross over with
volume and close above will create short covering at take NIFTY up to 10750 levels…

BANK NIFTY
For next week BANK NIFTY has strong support around 21690 levels. Break will take it to 21300-
--21210 levels. On the upper side BANK NIFTY will face strong hurdle at 22130 levels, cross over
with volume and close above will create short covering at take BANK NIFTY up to 22350---22550
levels…
SOME OF OUR SUCCESSFUL RECOMMENDATIONS
Some of our successful recommendations in last 2 Months
Recommended Dt. Stocks Recomm. High after Gain
Price Recomm. (%)
25th May 20 Tyche Industries 101 149 48%
1st June 20 Kanchi Karpooram 211 324 54%
8th June 20 Talbros Auto 102 120.5 18%

INVESTMENT IDEAS…
ASM TECHNOLOGIES LTD
(526433) (67) (Face Value Rs.10)
Incorporated in 1992, Bengaluru based ASM Technologies Limited provides consulting ser-
vices in the areas of business systems, engineering services, technology services, and IT infra-
structure services in India, Singapore, the United States, and the United Kingdom. The company
offers enterprise applications services comprising package implementation, support, and mainte-
nance; enterprise product development; and enterprise applications integration services for SAP,
Oracle, Microsoft Dynamics, business process management, Internet applications, and outsourced
product development, as well as application maintenance and training services. Its services for
technology solutions consist of system software, embedded software, network and telecom, engi-
neering services, and outsourced product development. The company serves manufacturing, oil
and gas, telecom, retail, product engineering, defense, sugar, and other industries, as well as inde-
pendent software vendors and product engineering services.
It has an equity base of just Rs.5 crore that is supported by reserves of around Rs.45.40 crore. It
has a share book value of Rs.100.80 with a price to book value ratio is just 0.66 which is highly
attractive. Company has posted robust numbers for Q4FY20. It has recorded PAT of Rs.4.88 crore
against loss of Rs.0.62 crore on 17% higher income of Rs.26.09 crore. It declares 25% dividend for
FY20. Everyone, whose financial advisor is allowing to trade in this stock for medium to long term
can watch with stop loss of 60.
Cont....
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 47
INVESTMENT

DE NORA INDIA LTD

(590031 & NSE) (211) (Face Value Rs.10)
De Nora India Limited (erstwhile known as Titanor Components Limited) is a Public Limited
Company with 53.68% equity held by De Nora. The Company is a subsidiary of the De Nora Group
and has brought to India the latest technologies with the complete support of De Nora's technical
expertise and management.
De Nora India as part of De Nora is a leader in the fields of:
Cathode & Anode for Chlor-Alkali Industry
Electrochlorinators
Cathodic Protection Systems
De Nora is recognized worldwide as a leading supplier of technologies for the production of
chlorine, caustic soda and derivatives for the chlor-alkali industry as well as the largest worldwide
manufacturer and recoater of noble metal-coated electrodes, electrolyzers, coating solutions for
the electrochemical industry in general.
It has an equity base of Rs.5.31 crore that is supported by reserve of Rs.56.02 crore. The Pro-
moters hold 53.68% while the investing public holds 46.32% stake in the company.
During FY20, it posted 411.32% higher PAT of Rs.8.13 crore on 47.28% higher sales of Rs.48.28
crore fetching an EPS of Rs.15.31.
Currently, the stock trades at a P/E of 13.8x. Its recent high rate was Rs.633.55 which was
formed in January 2018. Stock almost corrected 67% from recent high. Everyone, whose financial
advisor is allowing to trade in this stock for medium to long term can watch with stop loss of 190.
GPT INFRAPROJECTS LTD
(533761 & NSE) (26.55) (Face Value Rs.10)
Incorporated in 1980, GPT is the flagship company of GPT Group, based out of Kolkata. GPT, a
premier infrastructure company, operates through two segments - Infrastructure and Sleeper. The
company made inroads into the Infrastructure segment in 2004 and is now an established Railway
focused player, engaged in the execution of civil and infrastructure projects, especially large bridges
and ROBs for Railways. In Sleeper segment, the company manufactures and supplies concrete
sleepers for Railways in India and Africa. Its manufacturing units are located at Panagarh (West
Bengal), Ramwa and Pahara (Uttar Pradesh), Ladysmith (South Africa), and Tsumeb (Namibia).
GPT is the only Indian company which has presence in several countries for its concrete sleeper
business viz. South Africa, Namibia, Bangladesh and Sri Lanka. During FY20, it posted 28% higher
PAT of Rs.15.04 crore on higher income of Rs.618.01 crore fetching an EPS of Rs.5.17. Currently,
the stock trades at a P/E of 5.1x. Its recent high rate was Rs.248 which was formed in January
2018. Stock almost corrected 89% from recent high. It declares 15% dividend for FY19 and at the
current share price of Rs 26.75 this results in a dividend yield of 5.61%. Everyone, whose financial
advisor is allowing to trade in this stock for medium to long term can watch with stop loss of 23.

Disclosures: At the time of writing this article, author, his clients & dependent family members may have
positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family
members may make purchases or sale of the securities mentioned in website. Author may have positions in
above stocks so have vested interest obviously in their going up or down as the case may be.
Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & authenticated
sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Inves-
tors should take their own decisions. We assume no responsibility for any transactions undertaken by them.
The author won't be liable or responsible for any legal or financial losses made by anybody.
Financial Weekly

SMART 5th July 2020 to 11 th

July 2020 48
INVESTMENT

Primary Market - Dilip K. Shah

The Nifty, which was hit by a strong wind in the Indian stock markets,
touched 10,600 and sensex touched 36,000.
Secondary market recovery triggers a strong shake-up after
three months of action in primary market
With SEBI approval for 31 mainboard IPOs, the market will see a boom in the future
In July mainboard IPO of Rossari, FPO of Yes Bank and
Right offer of AB Fashion will enter the market
Rossari Biotech's Rs500 crore IPO will open on July 13 and close on July 15
Yes Bank's FPO may open in Mid-July
Offer will be around Rs.12-15 which will be at discount of 50%
Bonlon Ind's BSE SME IPO with fixed price of Rs28 gets 1.36 times on the last day
Muthoot Fin Corp's NCDS gets good response from
begging due to higher coupon rates and rating
The severity caused by Corona virus in the global stock is slowly fading and
sudden recovery since beginning of June has enabled the global markets to
take positive U turn. June quarter has been the best in last 11 years especially
U.S. and Indian share markets. In last three months, Nifty has witnessed a
spurt of 14.64% and Sensex has gone up by 19.80%. Both the indices have
witnessed a spurt of 7% in June. Moreover, both the indices are only 10-11%
lower than their all time high. Currently Nifty and Sensex have crossed 10600
and 37000 levels respectively.
Thus, the bullish trend in the secondary market has also affected the sec-
ondary market. It should be noted that two mainboard IPOs entered the mar-
ket in the current calendar year of which Antony Waste Handling's IPO was
withdrawn due to poor response and SBI Cards' IPO got listed with discount.

Main - line IPO (Non SME)

Sr Company Issue Open Dt. Issue size Offer price Listing Lead Manager
Issue Close Dt. (Rs. Cr.) (Rs.)
1 Rossari 13-7-2020 Fresh Issue : Price BSE Axis Bank, ICICI Securities
Biotech to Rs. 50 Cr. Will be NSE
(Book Building) 15-7-2020 OFS : 1,05,00,000 announced Registrar :
(Likely) Eq. Shares on 8th July Link Intime India Pvt. Ltd. Cont...
Financial Weekly

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July 2020 49
INVESTMENT

Rossari Biotech's IPO priceband may be announced on July 8

SEBI seeks clarification in CAMS IPO: Mindspace submitted revised DRHP
Billwin Ind's BSE SME IPO got listed with discounted rate:
Spurt witnessed currently
Non Convertible Debenture (NCD) Issues at a Glance
Sr Company Issue Open Bond size F.Value Min. Listing Rating Recomm.
Issue Close (Rs. Cr.) (Rs.) App.
29-6-2020 Base Size of Rs.100 Cr. 1,000/- 10 NCDs BSE
••••
1. Muthoot to withan option to Retain (Rs.10,000) CRISIL A/Stable
Fincorp. 17-7-2020 Oversubscriptionup to Lead manager : BWR A+/Stable
Rs.60 Cr. Vivro Financial Services
Aggregating Rs.160 Cr.

Coupled with lockdown, it cre- Listing Information of Subscription figure of

Billwin Industries Muthoot Fincorp.
ated negative impact in the BSE Code 543209
Category No. of Bond Issue
market, of which it is yet to re- Listing Date 30-6-2020
Offered/ Subscribed
Offer Price Rs. 37.00
cover. Listing Price Rs. 36.90 Reserved 3-7-2020
Listing Day High Rs. 38.20 Cat. 1 QIB 50,000 0.00x
Listing Day Low Rs. 36.90 Cat. 2 NII 2,50,000 2.00x
However, now the situation Cat. 3 HNI 7,00,000 1.22x
Listing Day Close Rs. 37.10
seems to have changed a CMP (3-7-2020) Rs. 40.80 Total 10,00,000 1.36x

little. Rossari Biotech may en-

Subscription Figures of SME IPO (Dt. 4-7-20)
ter the market in Mid-July. IPO Listing Day Subscribed
Ksolves India NSE SME Issue Closed on 26-6-2020 1.42x
Moreover, Yes Bank FPO and Bonlon Industries BSE SME Issue Closed on 3-7-2020 1.36x

AB Fashion's Rights Issue will the hit the market soon.

Burger King, Samhi Hotels, ESAI Small Finance Bank, EasyMyTrip.Com,
Home First Finance, Equitas SFB, NCDEX, UTI AMC, EMAMI Cement, Monte
Carlo, Route Smile have got SEBI nod for approval and are waiting for the right
time to enter the market.

Last week's Issues

Billwin Industries Listing (543209) :- The issue with fixed
price of Rs37 got listed at Rs36.90 and went up to Rs38.20 and down to
Rs36.90 and closed at Rs37.10. On July 3 (Friday) the share prices went up to
Rs40.80.
Cont...
Financial Weekly

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INVESTMENT

AB Fashion's Rs.995 crore rights issue with offer price

of Rs110 will open on July 8 and close on July 22
How is valuation of AB Fashion and is it worth subscribing?
It plans Rs.995 crore rights issue offering shares at price AB Fashion
of Rs.110. It will open on July 8 and close on July 22. It will
Rights Issue
offer 9 partly paid shares against 77 shares to current share- Rights Entitlement ratio
holders. In this issue, 50% payment will be at time of sub- 9 Partly Paid Shares for
Every 77 Shares held
scription, and rest 25% each in January 2021 and July 2021.
Issue Size Rs. 995 Cr.
The company's portfolio includes brands like Louis Phillips, Issue Price Rs. 110
Van Hussen, Peter England and Pantaloons. CMP Rs. 122.00
Open 8 July
The share has already crumbled by 56% from 52 week Close 22 July
high. It offers shares at around 10% discount. The company's Investors will have to
debt is Rs.2500 crore. The management is taking cost-cut- pay 50% upfront, 25%
in Jan. 2021 and 25%
ting measures. The company is likely to record EBITDA of
in July 2021
Rs.600 crore in FY2020. The right issue price is 20 times
higher than EV/EBITDA of FY2020 as against Trent's 40 times. So it may be value
bet for the investors.

Bonlon Industries :- The issue with fixed price of Rs28 closed on

July 3 with 1.35 times subscription.

NCDs issues
Muthoot Fin Corp :- The issue with base price of Rs100 crore and
shelf limit of Rs160 crore opened on June 29. It has been given A+/Stable
rating. It has got 1.36 times subscription as on July 3. The good response is
due to higher coupon rates and good rating. It may close ahead of schedule.

****
Financial Weekly

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INVESTMENT

Upcoming Rossari Biotech

issues Mumbai-based specialty chemical company
plans to raise Rs.500 crore for catering to work-
ing capital requirement and debt repayment. It has raised Rs.100 crore in the
Pre-IPO round. Set up as a partnership firm in 2003, it got converted in limited
company in 2009. It provides services to FMCG, Apparel, Animal Feeds, etc.
Major clients include HUL, RSPL, IFB Ind and Panasonic India.
The fresh issue size will be Rs50 crore and OFS will be for 1.50 crore shares.
It may open on July 13 and close on July 15. The price band will be declared
on July 8.

Yes Bank FPO

The company found itself in trouble due to misadministration and bad loans.
The bank's capital base got eroded as credits given to Deewan Housing,
Cox&Kings, Essel group and some realty companies turned NPA. It made a
provision of Rs.15142 crore to clean the book.
It has been reported that the company has got shareholders' approval for
Rs.15000 crore follow-on issue. It will sell shares worth Rs.8000 crore in the
first trench. The offer price could be around Rs.12-15, which is at 50% discount
from current price of Rs26.

SEBI seeks clarification in CMSA IPO

Sebi has sought clarification in Compute Age Management Services' (CMS')
Rs.1500 crore IPO. The lead managers are Kotak Mahindra Bank, HDFC Bank,
ICICI Sec and Nomura.

Mindspace Business Parks REIT

Realty Developer Raheja Group's joint venture with PE player Blackstone
has filed revised DRHP for Rs1000 crore IPO.
Financial Weekly

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INVESTMENT

IPO market eclipsed by CORONA

Only one IPO in first six months
It echoes uncertainty in the share market and
lack of confidence of the investors
Despite recovery in the secondary mar-
ket, the IPO market is yet to come out of Balance Year No.
clutches of CORONA virus. In the first six Sheet 2014
2015
01
07
months of the current calendar year only of 2016 11
one mainboard IPO hit the market. How-
ever, SBI Cards issue, the only IPO in the
First 2017 15
2018 15
calendar year till now, got listed with dis- 6 Month 2019 08
count. The situation reminds of 2014. of IPO’s 2020 01
In the current calendar year, Antony
Waste Handling's IPO was withdrawn due to poor response of the investors,
while SBI Cards IPO disappointed the investors with discounted listing. IPO
market is likely to witness difficulties for two more months.
It was believed that IPOs worth Rs.20,000 crore will enter the market in
calendar year 2020. There is no luck as of yet. However, the movement is
likely to start after August.
Total 11 IPOs have got listed on SME platforms of BSE and NSE. The mer-
chant bankers do not dare to come up with IPOs with valuation of mere one
or two crore. The promoters have raised only Rs65 crore from SME Platforms,
which shows 10 times lower valuation compared to the corresponding period
last year.
Currently, the interest rates have touched the bottom and State and Cen-
tre have provided much relief to SME Sector, so the SMEs may not opt for
IPO. Earlier, IPO was their preference due to strict rules and higher interest
rates for loans. The market regulator has also announced a host of relief. So
it would be interesting to see whether SMEs opt for government relief or
SEBI relief.
Financial Weekly

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INVESTMENT

Edelweiss Mutual Fund to launch second tranche

of
'BHARAT Bond ETF' and
aims to raising upto 14,000 crores
- Two new series of BHARAT Bond ETF to be launched on
14th July 2020
- Rs. 3,000 crores is the base issue size with further green
shoe option of Rs. 11,000 crores
- 25% reserved for Retail investors and 75% for Retirement
Funds, QIBs and Non-Institutional Investors
- NFO period between 14th July to 17th July 2020
Edelweiss Asset Management today announced the launch of the second
tranche of BHARAT Bond ETF in July, with two new series, after the success-
ful launch of the initial series of ETFs in December 2019. The BHARAT Bond
ETF program is an initiative of the Government of India, from the Department
of Investment and Public Asset Management and the latter has given the
mandate to Edelweiss AMC to design and manage the product.
The two new Bharat Bond ETF series will have maturities of April 2025 and
April 2031. NFO will start from 14th July 2020 and end on 17th July 2020.
Through the launch of these two new ETF series, Edelweiss Mutual Fund
proposes to raise an initial amount of Rs. 2,000 crores with a green shoe
option of Rs. 6,000croresin 2025 Maturity and initial amount of Rs. 1,000 crores
with a green shoe option of Rs. 5,000 crores in 2031 Maturity based on mar-
ket demand. The ETF will invest in constituents of the NIFTY BHARAT Bond
Indices, consisting of AAA rated public sector companies. BHARAT Bond Fund
of Funds (FOF) with similar maturities will also be launched for investors, who
do not have demat accounts.
Financial Weekly

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INVESTMENT

Smart Best Buy S. N. Zaveri

Nestle Inda : New launches will add revenue

Nestle India (Rs. 16690.00) (Code : 500790) (F. V. : 10.00)
Nestle India : Consumption of ReadyToCook foods is expected to increase in a post-Covid
world. Nestle’s products in this category — Maggi Noodles, Pazzta, Upma, Poha —could see
significant demand growth. Nestle is launching innovative products at 3x the pace of 5 years ago.
With a success rate significantly higher than the industry, new launches have contributed up to 4%
to revenue over the past 4 years. New launches will continue apace, likely aided by additions from
the parent’s global portfolio. Nestle’s cluster-based approach is more consumer-centric and should
help it identify new opportunities with better RoI. Moreover, Nestle’s Maggi Hotspot kiosks have
kick-started its out-of-home foray. Consumers are expected to adopt these in a big way. Stocks like
this MNC always trade at much higher PE level. Buy.
IRCTC: More passenger trains to run, business will improve
IRCTC (Rs. 1404.00) (Code : 542830) (F. V. : 10.00)
IRCTC: Railways stocks gained on Thursday after the Ministry of Railways invited proposals
from private entities to run passenger trains. IRCTC will be the obvious beneficiary of these pro-
posals. In an another development, IRCTC has started Tatkal ticket booking for all the special
trains.Tatkal Booking has commenced from 29th June in all Special Trains for journey commenc-
ing from 30th June onwards. Indian Railway Catering and Tourism Corporation (IRCTC) is a sub-
sidiary of the Indian Railways that handles the catering, tourism and online ticketing operations of
the latter, with around 5,50,000 to 6,00,000 bookings everyday in routine days. As lockdown is
near to the end, IRCTC’s income will again rise. The stock has jumped about 35 per cent from its
March low of Rs.815 on 25th March. Still, it is much below its 52-week high of Rs.1995. Buy.

Amara Raja Batteries goes ahead on expansion plan

Amara Raja Batt. (Rs. 690.00) (Code : 500008) (F. V. : 1.00)
Amara Raja Batteries : Amara Raja Batteries Ltd would go ahead in its expansion plan this
fiscal year. It will expand its main business and scales up the e-rickshaw division. The company
will need at least Rs 350 crore in capex. The proposed expansion includes completing a green-
field unit for a third automotive battery plant and improving other facilities for domestic and export
markets. The company's third plant will produce about 6 million batteries over time, as two more
facilities are set up to produce 2 million batteries separately. A four-wheeler plant is under con-
struction and should be completed in financial year 2021. The stock has doubled from its March
low of Rs.350. Buy at decline.

Bajaj Auto : June sales data shows Acchhe Din ahead

Bajaj Auto (Rs. 2934.00) (Code : 532977) (F. V. : 10.00)
Bajaj Auto : Bajaj Auto’s total sales declined 31% at 278,097 units in June, the company re-
ported on Thursday. Last year in June its total sales stood at 404,624 units. In June, domestic two-
wheeler sales stood at 146,695 units, down 26% against 199,340 units a year ago. However, sales
Cont...
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July 2020 55
INVESTMENT
have recovered considerably in May and June. The company said that demand for automobiles
have recovered significantly in the second half of June. It has reached around 80-90 per cent. This
is a good indication for the way forward in July, August and September months. If this momentum
continues, both the demand and the supply side will reach normalcy. In rural areas, the purchasing
power has slightly improved, which is a positive indicator. Even in urban areas, demand for two
wheelers has increased. Invest.

Escorts : June Agri Machinery sales jumps 23 per cent

Escorts (Rs. 1059.00) (Code : 500495) (F. V. : 10.00)
Escorts Ltd.: Escorts Agri Machinery Segment has, last week, reported a sharp 22.8 percent
growth in its domestic sales at 10,851 units in the month of June 2020 due to pent-up demand. The
company had sold 8,960 units in June 2019. Exports, however, contracted 26.9 percent during the
month under review at 228 units as compared to 312 units in the same month year ago. The indus-
try is expected to grow significantly backed by pent-up demand of the lockdown period, better
farmer sentiment due to good monsoon prediction reflected in better than normal Kharif sowing,
better rural cash flows owing to record crop output and crop prices, and reasonably good availabil-
ity of retail finance. The company further highlighted that the industry growth is widespread with
positive growth in almost all markets barring one or two adding that the inventory levels, both with
company and with channel, have been the lowerst ever. The stock is worth accumulation.

(SEBI Registered Research Analyst)

* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on
3rd July, 2020 unless specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though,
every care has been taken, we will not responsible for any errors / omissions o All disputes are subject to Ahmedabad jurisdictioner

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Financial Weekly

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July 2020 56
INVESTMENT

Dalal Street Whispers Dilip K. Shah

Reliance Industries (Rs. 1,787.00) (Code: 500325) :- The flurry of investments
by leading companies in Jio platforms propelled the share price to an all-time high of Rs.
1,804. On Friday, Reliance announced that Intel Capital will invest Rs. 1894 crore for 0.49%
stake in Jio Platforms. This was the 12th investment in Jio in 11 weeks. Experts see the
share touching Rs. 2,000 soon.
Muthoot Finance (Rs. 1,146.00) (Code: 533398) :- The Board of this gold loan
company is slated to meet on July 18 to consider stock split proposal. Shares of Muthoot
Finance and Manappuram Finance are likely to be in focus as gold price has crossed Rs.
50,000 per 10 gram.
Bharat Dynamics (Rs. 375.00) (Code: 541143) :- The defence ministry has
approved procurement of fighter jets, missile systems, and military hardware at a cost of Rs.
38,900 crore. Bharat Dynamics has reported profit of Rs. 310 crore in Q4, as against Rs. 124
crore in the same quarter of previous year. The performance was good at a difficult time.
Hindustan Aeronautics (Rs. 851.00) (Code: 541154) :- The company is ex-
pected to gain big from the defence ministry's approval to procure fighter jets, missile sys-
tems and other military hardware at a cost of Rs. 38,900 crore. The decision to procure 12
Sukhoi fighter jets from HAL will boost the company's performance.
Cadila Healthcare (Rs. 366.00) (Code: 532321) :- This Ahmedabad-based pharma
major has received approval from the Drug Controller General of India for human trials of its
potential Covid-19 vaccine. The company aims to complete the trials in three months.
Balkrishna Industries (Rs. 1,313.00) (Code: 502355) :- The shares of this tyre
manufacturer surged to a 52-week after reporting strong numbers for Q4. Amid challenging
circumstances, its quarterly income rose 1.2% for the quarter, while profit was up 42%.
Phillips Carbon (Rs. 108.00) (Code: 506590) :- The share has risen sharply on
the back of daily trading volumes going up to 13.45 lakh shares from 2.70 lakh shares
earlier. It is seen gaining from the decline in crude prices, levy of anti-dumping duty on
carbon black, and revival in tyre demand.
Ujjivan Finance (Rs. 240.00) (Code: 539874) :- Aberdeen Standard has in-
creased its stake in this micro finance lender from 0.2096% to 5.082%. Ujjivan reported
79.40% jump in profit and 36.5% rise in income for the March quarter in spite of challenging
conditions.
RITES (Rs. 262.00) (Code: 541556) :- The government has initiated the process to
allow private players to run 151 trains on 109 routes. The private train operators will invest
Rs. 30,000 crore. This augurs well for companies like RITES, Texmaco, Titagarh Wagons,
IRCON, IRCTC, etc.
Pfizer (Rs. 4,123.00) (Code: 500680) :- This pharma major is working on a Covid-
19 vaccine, and expects a positive result in the coming days.

Cont.....
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INVESTMENT
Andhra Power (Rs. 235.00) (Code: 502330) :- Noted investor RadhakishanDamani
has acquired 5 lakh shares or 1.25% stake in this paper manufacturer for an average price of
Rs. 206.23. Further movement can be expected in the stock.
Escorts (Rs. 1,059.00) (Code: 500495) :- The company reported 21% rise in
tractor sales for the month of June. The update propelled the share to a fresh 52-week high
price.
Future Retail (Rs. 136.00) (Code: 540064) :- This Future Group company has
been hitting the upper circuit on reports that Mukesh Ambani is taking it over. The buzz is
that Kishore Biyani will exit the company by selling his entire stake.
Eveready Industries (Rs. 84.00) (Code: 531508) :- The company makes non-
durable household products, and is best known for its batteries. For the March quarter, it net
profit nearly quadrupled from Rs. 47.28 crore to Rs. 179.57 crore. It is also benefiting from
revival in demand post the lockdown.
ONGC (Rs. 82.00) (Code: 500312) :- ONGC and Oil India are expected to gain
from the increase in crude oil prices. The two companies have emerged as top bidders for 11
oil & gas blocks. Brokerage firm MK Global has given a 'Buy' rating for ONGC with a target
price of Rs. 105.
Adani Ports (Rs. 360.00) (Code: 532921) :- The shares have been advancing for
the past week. There are reports that Adani Ports is looking to raise $1 billion in overseas
bonds having a maturity of 30 years.
BEL (Rs. 97.00) (Code: 500049) :- The shares of this PSU are in focus after rising
28% in June. The government's focus on defence sector, the company's strong order book,
and high margin growth augur well for BEL. JP Morgan has revised the target price with a
'Buy' call on the stock.
Dredging Corp. (Rs. 284.00) (Code: 523618) :- The government has formed a
working group for dredging sector. The company is seen benefiting the most from this.
NOCIL (Rs. 89.00) (Code: 500730) :- Promoters have secured release of 54%
stake in this specialty chemical company that was pledged with lenders.
BEML (Rs. 661.00) (Code: 500048) :- This PSU operates in defence and railways.
It is seen gaining from the government's push to boost domestic production and railway
privatization.
Asian Paints (Rs. 1,696.00) (Code: 500820) :- Promoters have secured the
release of 27 lakh shares that were pledged with lenders.
HUDCO (Rs. 34.00) (Code: 540530) :- The company reported very good numbers
for the fourth quarter. It has announced attractive demand. The dividend yield works out at
9%, which is 1.5 times what one can get through Fixed Deposit.

Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may
have investment in this stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am
recommending • Stop loss is useful for Short / Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising
out of investment based on tis advices • Past performance may or may not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI
Regn No. : INH000002152
Financial Weekly

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July 2020 58
INVESTMENT

Investor’s Third Eye

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

Astrological planetary predictions

FOR STOCK MARKET INVESTMENTS
(JUNE 6TH JULY TO 15TH JULY 2020)
In this week, Sun, mercury and Rahu takes its position in Gemini, Saturn occupies its own
house- Capricorn, Jupiter and Ketu remains in Sagittarius, Venus in Taurus, mars in Pisces, moon
occupies the house of Sagittarius, Capricorn and Aquarius. On 6th July 2020, moon along with
Jupiter and Ketu in Sagittarius and the conjunction of Rahu, mercury and Sun in Gemini brings
volatility in the markets. On 7th and 8th July 2020, moon along with Saturn in Capricorn takes fifth
position towards Venus in its own house , mars in Pisces favours the market to great extent. On 9th
and 10th July 2020, Venus in its own house where mars takes its position in Pisces - the house of
Jupiter, where the lord of Pisces has taken its position in its own house Sagittarius favors the
market to great extent.Several sectors like health, public sector units, Pharmaceuticals Information
Technology, chemicals, paper firms, energy, fertilizers, seed producing firms, sugar firms, Fast
moving consumer goods may outperform. Investors of iron and steel, infrastructure based firms,
tyres, may need to wait to reap good returns in future. Adani Green, Laurus Lab, Rallis India, JK
Agri genetics Nath Bio genes, Bharat Dynamics, Hester Bio science, Globus Spirits, HAL, IPCA
labs, Kiri Industries, IRB Infra, India Cement, Aurobindo Pharma, PI Industries, Voltam Transform-
ers, Adani Green, Aarti Drugs, Ruchi Soya,West coast Papers, Kaveri seeds, BEML, BHEL may
show good movement in the stock prices.

Astrological planetary predictions for

GOLD PRICE MOVEMENTS
(MAY 6th JULY TO 15th JULY 2020)
6th July 2020 : moon along with Ketu and Jupiter in the own house of Jupiter- the lord of
Gold- Sagittarius makes the bullion market volatile
7th and 8th July 2020 : The conjunction of Saturn and moon in Capricorn where Jupiter
takes 12th position along with ketu in Sagittarius brings fluctuations in the gold price movements.
9th and 10th July 2020 : The conjunction of Jupiter and Ketu in Sagittarius taking sixth
position towards venus in Taurus brings volatility in the bullion market.
Financial Weekly

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INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
stockmarket@ganeshaspeaks.com

Sensex Predictions : Dt. 6th July 2020 to 10th July 2020

Please consider 10 minutes plus and minus in each prediction, and act accordingly.
Ganesha advises you to compare every prediction with the prediction of the previous time
slot.
06-07-2020 Monday
" Yesterday only there was a lunar eclipse, meaning today the opening of the market will
be confusing. " Ganesha hopes that you are reading the monthly file regularly. " Become
somewhat alert from 10-07-2020. The reason is we have told you the graph from 13-07-2020
to 21-07-2020. " Read at least once the monthly part 1 or part 2 or part 3. " From opening for
15 minutes, will be near the surface. " From 9:30 to 10:11, Nifty will be up. " From 10:11 to
12:15, Nifty will be down. " From 12:15 to 14:10, Nifty will be up. " From 14:10 to 15:30, Nifty
will form a mixed pattern.
07-07-2020 Tuesday
" Jupiter-Ketu, Saturn-Moon and Rahu-Sun, what a combination we are seeing. These
planets have characteristics just opposite to each other. " Today the opening will be like
yesterday. But the closing may be different. " Divide the time from 9:30 to 12:30 into two
parts, wherein in part 1 will be up while in part 2, will be mixed to slightly negative. " From
12:30 to 14:14, there will be buying in 'A' group stock and the market will move towards the
positive side. " From 14:14 to 14:55, Nifty will be down. " From 14:55, Nifty will be up but
there will be profit booking at the last.
08-07-2020 Wednesday
" From 9:15 to 12:30:55, will be close to a psychological figure. " After 12:30:55, the
market will decide a new direction for itself. Decide only after seeing it. " From 12:31 to
13:55, Nifty will be up. " From 13:55 to 14:37, Nifty will be down. " From 14:37 to 15.15, Nifty
will be up. " From 15:15 to 15:30, there will be profit booking in Nifty.
09-07-2020 Thursday
" Ganesha sees it as a good day for doing intraday and jobbing. " Sell Nifty around 9:44.
Exit around 10:39." Buy Nifty around 11:49 and exit around 12.59. From 13.44, exit around
14.24.
10-07-2020 Friday
" From 13-07-2020 to 14-07-2020 is zero weightage day. Be prepared for profit and loss,
then do hedging. " In the week from 13-07-2020 to 21-07-2020, Ganesha is not enjoying. "
From 9:15 to 10:00, Nifty will be up. " From 10:00 to 12:00, Nifty is forming a mixed pattern,
do jobbing. " From 12:00 to 14:00, Nifty will be up From 14:00 to 14:30, Nifty will be down.
" From 14:30 to 15:10, Nifty will be up. " From 15:10 to 15:30, Nifty will be somewhat down.
Financial Weekly

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INVESTMENT

REVIEW OF “SMART PLUS NEWS LETTER”

Amazing 31% RETURN
SMART GAIN FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.

29-6-2020 High (%) 29-6-2020 High (%)

West Cost Paper 178 207 16.29 ICICI Bank 348 363 4.31

Andhra Paper 211.7 254 19.98 HDFC Bank 1056 1089 3.13

Hero Moto 2540 2672 5.2 Bandhan Bank 338 346 2.37

Marico 344 357 3.78

Escorts 1017 1041 2.36
Titan 966 986 2.07
HCL Techno 563 569 1.07
HDFC 1769 1889 6.78
TCS 2115 2158 2.03
Indusind Bank 493 494 0.2
L&T Info 1932 1965 1.71
BEL 85 88 3.53
Britannia 3456 3602 4.22
IDBI Bank 40 48 20
Avanti Feeds 472 522 10.59
Tata Power 46 49 6.52
Ultratech Cement 3860 3915 1.42
IDFC First Bank 26 27 3.85
Nucleus Soft 208 272 30.77
LT Foods 40 43 7.5
Ujjivan 237 238 0.42
Finolex Cable 293 301 2.73
Exide Ind. 149 153 2.68
Just Dial 392 405 3.32
M&M Fin. 176 185 5.11 Anup Engg. 384 404 5.21
Tata Consumer 367 391 6.54 Monte CArlo 164 166 1.22
Tata Motors 101 103 1.98 GSPL 215 224 4.19
Ambuja Cement 188 193 2.66 ICICI Prud. 423 428 1.18

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Financial Weekly

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INVESTMENT

Editor : Dilip K. Shah

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Disclaimer :- Investment recommendations made in Smart Investment are for information
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