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27 Jan. to 2 Feb. 2019 Rs. 25/-
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Rapid Fire Stocks - Kalpna J

(Email- [email protected])
(Ring : 97690 37711) Twitter : @Kj_TechTrades Dark Horse
NIIT Techno : Buy at CMP- 1300 United Breweries : CMP- 1449.00 Sree Rayalaseema Aro Granite
Targets - 1485-1620 , Targets of 1550 -1790 ,
(532842 & NSE) (513729 & NSE)
Time Frame - 5 to 9 Months, SL - 1220 Time Frame - 5 Months to 24 Months (Rs. 152.55) (FV. 10.00) (Rs. 52.35) (FV. 10.00)
The company ’s c onsolidated revenue s tood at United Breweries Limited is synonymous with inno- Particular Six Month End. Particular 3 Monht End.
Rs825cr, up 4.6% qoq and 16.4% yoy. NIIT Tech re- vation and aggressive marketing that is complemented
by a strong distribution network which encompasses an H1FY19 H1FY18 % Var. Q3FY19 Q3FY18 % Var.
ported better than expected numbers for Q1FY19. Rev-
enue grew by 4.6% qoq to Rs825cr against consensus impressive spread of owned and contract manufactur- S a l e s 341.43 245.07 39% Sales 39.78 45.73 -13%
estimate of Rs807cr. Banking and Financial Services ing facilities across the country.The company was bought PBT 21.32 12.22 74% PBT 4.25 0.20 2025%
vertical was up 8.8% qoq aided by growth in top ac- by the late Mr. Vittal Mallya in 1947, and since then, has
PAT 17.71 10.19 74% PAT 4.16 0.14 2871%
counts in US and ramp up in new accounts in EMEA. consistently tasted success and never looked back.
Added two Today, each one of the 89,763 outlets selling beer in Incorporated in 2005, Kurnool ARO Granite Industries started
Category No. of shares (%) India, sell atleast one brand from United Breweries Their
new ac -
Promoters 18,848,118 30.65
based Sree Rayalaseema Hi- operations as a 100% Export Ori-
c ounts dur- flagship brand 'Kingfisher', has achieved international Strength Hypo Limited manufactures ented Unit in 1991 for processing
Foreign Institutions 25,044,960 40.73 recognition consistently, and has won many awards at
ing the quar- and sells inorganic chemicals in In- Polished / Flamed Granite Tiles &
NBFC & M. Funds 8,681,240 14.12 international beer festivals. Our most popular beer, King-
ter. Ins ur- dia. The company offers calcium Slabs. The company exports its prod-
General Public 4,851,971 7.89 fisher Premium Lager beer, is currently available in 69
ance was up hypochlorite, stable bleaching pow- ucts to North America, South
Others 3,249,939 5.29 countries and leads the way among Indian beers in the
10% qoq der, aluminum sulphate, monochloro America, Europe and Far East mar-
Financial Institutions 731,989 1.19 international market.
aided by acetic acid, sulphuric acid, kets. Aro has granite processing
Central Government 78,607 0.13 UB GROUP - BUSINESSES : PROFITABLE SUB-
growth in
SIDIARIES :- The company owns many successful com- chlorosulphonic acid, hydrochloric plant in Hosur, near granite hub of
key accounts in US and NIIT Insurance Technologies
panies, like the United Breweries Limited (UBL) which is acid, oleum, hydrogen gas, sodium India, as well as Chennai Port. In its
Ltd. There were three new accounts added during the
a market leader in its field. It controls over 50% of the hydride, and sodium methoxide. It plants it has processing facilities for
quarter. Travel & Transportation was up 7.7% qoq aided
Indian beer market. Again, we have to mention its big- also generates power through wind Granite slabs, Granite Tiles and Cut
by increase in top accounts in EU and in US. Added two
new logos during the quarter. Fresh business of $151mn gest brand Kingfisher which reached the markets of 52 mill power units located in Tamil Nadu; to Size blocks. It has state of the art
was secured during the quarter. This includes two large countries. The company is very progressive with the and a 10 MW thermal power plant Machines imported from world class
deals and the company added nine new logos. Order acquisition of other smaller companies which led them to situated at Gondiparla, Andhra suppliers. The Company has an in-
book executable over the next 12 months expanded to set up a monopoly in India. Still, legal troubles and in- Pradesh. The company also exports stalled capacity of 7,35,000 sq mtr
$347mn from $339mn in Q4FY18. Utilizations grew by debtedness led the company under the ownership of its products internationally. for Granite slabs and 3,60,000 sq
60bps qoq to 80.1%. Attrition rate declined by 40bps Heineken, which owns 43% shares of UBL since 2016. Company's products are used by all mtr for Granite tiles. It has also an
qoq to 10.1%. Similar to UBL, the United Spirits Limited (USL) ranked leading manufacturers of Non-Ste- 11,000 sqm warehouse near to its
very high in 2006 as the third biggest global spirit manu-
(Cont. on P. No. 6) roid Anti-Inflammatory Drugs, other current processing unit in Hosur.
facturer. In fact, this manufacturer pharmaceuticals, pesticides, or- This warehouse has a storage ca-
owns seven brands that are worth ganic chemicals etc. pacity of 20,000 slabs.
BUY.... BUY....BUY TIPS OF THE WEEK millions. It has an equity base of just It has an equity base of just
(Cont. on P. No. 6) Rs.17.16crore that is supported by Rs.15.30crore that is supported by
Co. Name Code Price Co. Name Code Price
reserves of around Rs.302.39crore. reserves of around Rs.155.30crore.
NTPC 532555 138.00 Adani Port
Mahindra CIE
532921
532756
376.00
231.00
PHYSICAL SHARE It has a share book value of It has a share book value of
IDFC First Bank 539437 46.65 To Get the Lost Shares
Kopran 524280 44.00 Raymond 500330 774.00 (Cont. on P. No. 6) (Cont. on P. No. 6)
Signature Differ
Bharat Gears 505688 161.00 Kajaria Ceramics 500233 536.00
Petronet LNG 532522 227.00 Escorts 500495 702.00 To transfer the shares in Heir's Name
PVR 532689 1563.00 Succession Certificate
Ujjivan Fin. 539874 280.00
Sukhjit Starch 524542 501.00 Tech Mah. 532755 728.00 Legal Heir Certificate
GHCL 500171 250.00 United Spirits 532432 551.00 [email protected]
Yes Bank 532648 219.00 Bajaj Fin. 500034 2610.00 9879930075
Havells 517354 708.00 Colgate 500830 1287.00
Dabur 500096 431.00 UPL Limited 512070 755.00
Finolex Ind. 500940 532.00 Grasim Ind. 500300 760.00 Think about
Pidilite 500331 1126.00 Titan Co. 500114 976.00 NIFTY FUTURE ?
Think
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2 th nd
27 Jan. to 2 Feb. 2019
SMART INVESTMENT

Techno Funda Sachin Shah For Next Week NIFTY has Investment Ideas
sound stocks (Mumbai) Strong support around 10810 levels telegram.me/rupeegains7
NIFTY :- For next week NIFTY has strong support around 10810 levels. Break will take it to 10700-10625-
Our Past Review levels. On the upper side NIFTY will face strong hurdle at 10940 levels, cross over with volume and close above will
Stocks Rate High Price Appreciation create short covering at take NIFTY up to 10985-11035-11170 levels…
19th Nov 18 RELIANCE IND 1127 1253.2 11% BANK NIFTY :- For next week BANK NIFTY has strong support around 27140 levels. Break will take it to
26th Nov 18 APOLLO HOSPITAL 1214 1387.25 14% 26925-26845 levels. On the upper side BANK NIFTY will face strong hurdle at 27565 levels, cross over with volume
3rd Dec 18 BIOCON 622 677 9% and close above will create short covering at take BANK NIFTY up to 27755-27875 levels…
17th Dec 18 KOTAK MAHINDRA 1255 1308 4%
21st Jan-18 RBL BANK
YES BANK
570.25
198.25
588.95
235
3%
19%
:- INVESTMENT IDEAS -:
RADICO KHAITAN LTD Genus Power Infrastructures posted excellent numbers for
(532497 & NSE) (420.00) (Face Limited serves utilities, municipalities, 9MFY19 also. Its PAT zoomed
GRANULES INDIA (532482 & NSE) (96) (FV 1) Value Rs.2) :- Radico Khaitan Lim- housing communities, industrial en- 36.92% Rs.49.80crore as against
Granules India Ltd. is a ited is among the oldest and one of ergy audits, power trading compa- Rs.36.38crore in 9MFY18 on
vertically integrated phar- the largest manufacturers of Indian nies, and households/businesses. 36.90% higher sales of
maceutical company, head Made Foreign Liquor ("IMFL") in In- The Company has an equity Rs.754.01crore fetching an EPS of
quartered in Hy derabad, dia. Radico Khaitan is one of the few base of Rs.25.73crore while com- Rs.1.94. Currently the stock is trad-
India. The company manu- companies in India to have devel- pany has huge reserve of around ing at just 7.5x. Everyone, whose fi-
fac tures Activ e Pharma- oped its entire brand portfolio with Rs.723.49crore. Promoters hold nancial advisor is allowing to trade in
c eutic als Ingredients inhouse capabilities. The Company's 50.47%, Mutual Funds hold 8.22%, this stock for medium to long term
(APIs ), Pharmac eutic al FPIs hold 1.59%, Well-known inves- can watch with a stop loss of Rs.27.
brand portfolio across the IMFL cat-
Formation Intermediate Disclosures: At the time of writing this article,
egories of Whisky, Brandy, Rum and tor VALLABH BHANSALI holds
(PFIs), Finished Dosages author, his clients & dependent family members may
White Spirits includes After Dark 1.16% and Vikas Kothari holds have positions in the stocks mentioned above. The
(FDs), distributed to quality conscious customers in both regulated and author, his firm, his clients or any of his dependent
Whisky, Contessa Rum, Jaisalmer 10.70% stake in this company while family members may make purchases or sale of the
semi regulated markets. Company is having 8 manufacturing sites and Indian Craft Gin, Magic Moments investing public and non-institutional securities mentioned in website. Author may have po-
presence across 75 plus countries. Vodka, Magic Moments Verve hold 27.86% stake in the company. sitions in above stocks so have vested interest obvi-
ously in their going up or down as the case may be.
Company focuses on 3 segments :- (1) Core molec ules - Vodka, Morpheus Brandy, Old Ad- It had reported strong numbers Disclaimer: Investing in any equity is risky. Our
Paracetamol, Ibuprofen, Metformin, Guaifenesin and Methocarbamol (2) for Q3FY19. Its PAT zoomed
recommendations are based on reliable & authenti-
miral Brandy, Pluton Bay Rum, cated sources believed to be true & correct, and also
The Emerging business that focuses on manufacturing APIs with a focus
Rampur Indian Single Malt Whisky, 74.33% to Rs.23.04crore against is technical analysis based on & conceived from
on vertical integration (3) The CRAMS segment, which focuses on con- charts. Investors should take their own decisions.
Regal Talon Whisky, 1965 - The Spirit Rs.13.22crore on 45.90% higher We assume no responsibility for any transactions
tract research and manufacturing.
of Victory Rum and 8PM Whisky. sales of Rs.292.08crore fetching an undertaken by them. The author won't be liable or
Company had posted strong numbers in Q2FY19. It has reported responsible for any legal or financial losses made by
49.39% higher PAT of Rs.60.26 crore as against Rs.40.34 crore on 47.97% Currently, the Company has four mil- EPS of Rs.0.90. Company has anybody.

higher sales of Rs.580.87 crore. The stock made a high of 164.35 in lionaire brands which are 8PM
October 2015 and corrected to form base at 71.55 in July 2018. MACD,
PSAR and Super trend indicators are in buy on Daily Charts. The Stock is
Whisky, Contessa Rum, Old Admi-
ral Brandy and Magic Moments
TECHNICAL TALK -Dhananjay Kadam
trading well above its 10, 20 & 50 DEMA. The stock can be bought at CMP Vodka. TECHNICAL ANALYST, M. 7588622374
with a target of 123 in next 12 to 15 months. It had reported strong numbers
POWER FINANCE CORPORATION LTD for Q3FY19. Its PAT zoomed Stocks to buy for handsome gains
48.79% to Rs.52.10crore against In last week we had
(532810 & NSE) (104.55) (FV 10) Rs.35.02crore on 18.18% higher recommended to buy
PFC is as an Infrastruc- sales of Rs.2058.37crore fetching an “Kilitech Drug” at Rs.220
ture Finance Company un- EPS of Rs.3.91. Company has and “Reliance” at
der the administrative con- posted excellent numbers for Rs.1184. After our rec-
trol of the Ministry of Power. 9MFY19 also. Its PAT zoomed ommendation “Kilitech
PFC is one of the largest 66.86% Rs.149.01crore as against Drug” went up to Rs.242
NBFC by Net worth. PFC is Rs.89.30crore in 9MFY18 on
a dominant play er with
and Reliance went up to
31.93% higher sales of Rs.1253. We believe
around 20% market share. Rs.6079.74crore fetching an EPS of
After ac quiring s tak e in there is still some upside possible in these both stocks. Right now Nifty is
Rs.11.18. Currently the stock is trad-
REC, PFC will become more trading between 10000 and 11000 range and today Nifty made a perfect low
powerful. Company has delivered strong set of numbers in H1FY19. ing at just 31x. Everyone, whose fi-
of 10798 at strong support level. Nifty is showing upside and there are high
During H1FY19, its PAT grew 16% to Rs.2728crore from Rs.2348crore nancial advisor is allowing trading in
chances that it may cross 11000 in February series.
on 6% higher income of Rs.14382crore fetching an EPS of Rs.10.33. this stock for medium to long term
KSCL – This
During H1FY19, its disbursement grew 14% to Rs.30486crore as against can watch with a stop loss of
stock was con-
Rs.26669crore. PFC has total loan book of around Rs.292648crore. 90% Rs.400.
tinuously in down
of the total loan assets are regular in servicing and no stress is envisaged. GENUS POWER INFRA-
trend after touch-
Stock is trailing at PE of 5.36x, dividend yield is above 7% and its Price to STRUCTURE LTD (530343 & NSE)
ing high of Rs.663
Book value ratio is just 0.71. The stock looks very attractive based on (31.00) (Face Value Re.1) :- Incor-
on 31/08/2018
valuations. PFC corrected from peak of 167 in 2017 to 67 earlier this year porated in 1992, Jaipur based Ge-
and formed a strong base between 67 and 72 over a period of 6 months
and made low of
nus Power Infrastructures Limited,
before resuming its long term uptrend. Stock is trading above its 10 DEMA Rs.446 on 24/10/
an ISO 9001 & 14001 certified com-
and in buy mode on PARABOLIC SAR and MACD indicators on weekly 2018. After mak-
pany is an integral part of the US
and monthly charts. Stock can be bought at current market price with a ing low on 24/10/
$400 million Kailash Group. Genus
target of 127 within 12 to 15 months. 2018 this stock
has two business divisions offering
UJJIVAN FINANCIAL SERVICES LTD highly innovative and sustain able was in consolidation phase and after some consolidation it made symmetri-
solutions to the power sector. The cal triangle on chart. Today (24/01/2019) it has given a strong breakout with
(539874 & NSE) (295) (FV 10) Metering Solution Division provides good volume. Today it closed at Rs.573. You can buy this stock for target of
Ujjivan Financ ial Ser- a complete range of Electricity Rs.600 with a Stop Loss of Rs.565
vices is an NBFC providing PNB Hous-
Meters such as Multi-Functional
financial serv ices with its ing : This stock
Single Phase and Three Phase
wholly owned subs idiary has shown a Fall-
Meters, CT Operated Meters, ABT
Ujjivan Small Services Bank.
& Grid Meters, DT Meters, Pre-Pay- ing Wedge Pat-
Ujjivan Small Finance Bank
ment Meters, Smart Meters, Net tern on chart. The
serves over 43.7 lakh cus-
Meters, AMI, MDAS etc. The Engi- wedge formation
tomers through 522
branches and 14,305 em- neering Construction and Contracts started from 13/
ployees spread across 223 Division undertakes Turnkey power 12/2018 and to-
projects such as Sub-Station erec- day 24/01/2019 it
districts and 24 states in India. Its Gross Loan Book stands at Rs.9349
tion up to 420kV, Laying up of trans- has given a
crore and it has 464 banking outlets with a deposit base of Rs.5376 crore as
of December 31, 2018. In Q3FY19 the Net interest income of the company mission & distribution lines, Rural strong breakout
rose 30.2 percent from last year to Rs.255crore. Net profit stood at Electri?cation, Switchyard, Network to this Falling Wedge with good volume. Today it closed at Rs. 925. You can
Rs.45.2crore compared with a profit of Rs.29.3crore a year ago. Gross Refurbishment etc. buy this stock for target of Rs.980 with a Stop Loss of Rs.910
NPA stood at 1.4 percent compared
with 4.2 percent in the preceding
quarter. Net NPA stood at 0.3 per-
Buy... Buy... Buy on Dips Hold Sell on High
cent against 1 percent in the pre- Vishal Bearing 73.00 ITC 279.00 Bharat Bijlee 1106.00 ACC 1374.00
ceding quarter. Within the three Union Bank 79.00 PNB Housing Fin. 890.00 L & T Infotech 1713.00 Edelweiss Fin. 159.00
months of listing the stock made an
REC 120.00 S.H. Kelkar 169.00 Biocon 664.00 Zee Enter 319.00
all-time high of 547.50 in July 2016
and then corrected to recent low of Autoline Ind. 61.00 Jyothy Labs. 180.00 NIIT Techno 1293.00 BASF 1362.00
166.5 in October 2018. Since then Walchand nagar 94.00 Radico Khaitan 429.00 IndiGo 1175.00 Reliance Power 28.00
stock rebounded sharply giving a Apollo Tyres 211.00
Jindal Saw 77.00 Mphasis 920.00 Ultratech Cement 3513.00
huge gain of 81% in just three
months. The stock is trading above Astra Micro 79.00 Oberoi Realty 459.00 Dr. Reddy 2666.00 Bharat Forge 477.00
5, 10, 20, 50 DEMA with Parabolic HUDCO 42.00 Globus Spirits 149.00 TVS Motors 496.00 Ambuja Cement 202.00
SAR and Super trend in buy mode FACT 40.00 GNA Axles 334.00 Thirumali Chem. 75.00
on daily charts. The stock can be
Indusind Bank 1486.00
bought at CMP with a target price of Spice 25.00 D.B. Corp. 172.00 HCL Techno 971.00 Tejas Network 191.00
406 and timeframe of 21 to 24 ITI 104.00 Rallis India 161.00 Bharti Infra 279.00 DLF 157.0
months.

Contact : 079-26576639 E-mail : [email protected]

SMART INVESTMENT
th th
2427 Jan.toto302thndJune
June Feb. 2019
2018 3
Surani Steel Tubes Limited
Enters into the capital market through SME IPO
Surani Steel Tubes Limited is engaged in the manufacturing of
electric resistance welding (ERW) mild steel (MS) pipes in various Issue Detalils
specifications and sizes ranging from 20NB to 100NB Issue Opens : Jan 25 2019
Issue Close : Jan 29 2019
Objects of the Issue Corporate Feature Price Band : Rs.51-52 Per Equity Share
1. Working capital MT per annum. In FY18 the company
Issue Size : Rs.12.9168 crore
has processed 23792 MT of ERW
requirement Rs. 9.2 crore MS Pipes. The company is setting Total Shares : 24,84,000 Equity shares
2. General Corporate up a new manufacturing facility for
Face Value : Rs.10 Per Equity Share
ERW MS Pipes in various specifica-
Expense tions and sizes ranging from 100NB Lot Size : 2000 Shares
on NSE SME Emerge. Pantomath to 300NB. It will help the company to
Surani Steel Tubes Limited is en- Capital Advisors Private Limited is the strengthen its customer base by sat- Listing At : NSE Emerge
gaged in the manufacturing of electric Sole lead manager of the issue and isfying the diverse requirements of Listing Date : Feb 06 2019
resistance welding (ERW) mild steel Link Intime India Private Limited is the its customers. It has entered into ar-
Registrar to the issue.
(MS) pipes in various specifications and
The financial performance of the
rangements with over 300 dealers
across Gujarat for marketing and sell-
Surani Steel Tubes has entered into
sizes ranging from 20NB to 100NB. It
is also involved in the trading of hot company has been robust. Top line ing of its products. arrangements with over 300 dealers across
rolled coil and hot rolled slit coils. The has grown at a CAGR of 29.37 per Mukesh Patel, Dinesh Patel,
products have wide application in in- cent during FY14-FY18 while the bot- Karshan Patel, Prakash Patel, Mani Gujarat for marketing and selling of its products
dustries like architecture, infrastruc- tom line has clocked a stupendous
ture, industrial and engineering. CAGR of 119.80 per cent during FY15-
Surani Steel Tubes Limited is go- FY18. EBIDTA has improved at CAGR
ing to enter into the capital market of 33 per cent in last five years. Debt-
through an SME IPO. It will issue to-equity ratio has come down to 1.38
24,84,000 equity shares of Rs. 10 in FY18 from 4.30 in FY14. Operating
each. Issue Price Band has been Rs. cycle has shown a modest increase,
51-52 per share. It will raise Rs. 12.92 rising to 50 days in FY18 from 41 days
crore from this issue. Issue will open in FY14. Its return on net
on 25 January, 2019 and will close worth(RONW) is Rs.16.56 which is
on 29 January, 2019. Minimum appli- better than its established peers.
cation is to be made for 2000 shares The manufac turing plant of
and in multiples thereon, thereafter. Susrani Steel Tubes Limited is located
Post allotment, shares will be listed at Dahegam, Gandhinagar in Gujarat
with an installed capacity of 25,000

Product Range

Patel, Karsanbhai Devjibhai Patel

HUF & Prakash Karsanbhai Patel
HUF are the Promoter of the com-
Key Strengths
pany. • Diversified, specialized products with the range
Currently, the Company is operat-
ing at around 95% of its capacity in
of 20NB-100NB
HR Coils Slit Coils FY18. It plans to increase production • Catering to wide array of sector applications
capacity from 2500MT per annum to
4000MT per annum which will enable
• Distribution network of more than 300 dealers in
Promoters of Surani Steel Tubes Limited to enter into growth phase. It has an Gujarat.
ISO 9001:2015 certified Company &
also been granted the IS 4923:1997 &
• Locational advantage.
Karshan Patel IS 1161:2014 Quality Standard License • Efficient capacity utilization in FY18
• He is the Promoter & Non-Executive from Bureau of Indian Standards.
• Experienced Promoters in steel sector
Company’s enthusiastic and
Director of the Company; highly trained workforce is its real
• Experience of 10+ yrs in steel industry. strength. The leaders of its manufac- FINANCIAL INFORMATION
turing section are capable enough of
For the Year / Period Ended (In Rs. Lakhs)
utilising the best of talent available. The
Prakash Patel passion to deliver excellence and uti- 31-3-18 31-3-17 31-3-16 31-3-15 31-3-14
• He is the Promoter of the Company; lization of effective quality resources Total Assets 3528.36 2836.35 2298.30 1594.83 1544.34
is its positive point. It never compro- Total Revenue 10079.72 7670.08 6845.89 5814.16 3599.92
• Experience of 9+ yrs in steel industry. mises quality and this is what makes
it stand unique amongst its competi-
PAT 172.44 99.90 109.60 16.25 -2.99
tors. The company puts the best tech- complishing multiple level quality and steel tubes are supreme.
nology in process to introduce excel- tests. If any error is found, it pro- Through its central motivation of im-
Mukesh Patel, Joint MD lent range of ERW pipes and steel cesses the products for repair to fix proving quality scale in the steel pipes/
• B.com Honors (Part 1) from University of tubes. One can never overlook the the issues immediately. tubes manufacturing, it has estab-
significance of supplies offered under Surani Steel is envisioned to lished new means of quality.
Burdwan; its brand. Usage of fine grade raw serve its clients with excellent range India is the third-largest crude steel
• Experience of 5+ yrs in steel & pipe industry; material and supreme level machines of steel pipes and tubes. The firm producer in the world. In FY18, India
• Currently, looks after overall operations of to mould it and turn in effective for final caters multiple industries by fulfilling produced 104.98 million tonnes (MT)
use is its special attribute. their precise demands. To safeguard of finished steel. Crude steel produc-
the Company. It has developed Modern age tion during FY18 stood at 102.34 MT,
the quality factors and meet client ex-
laboratory equipped with advanced and is expected to increase to 128.6
Dinesh Patel, Joint MD technical machines and trained pro-
pectations, it keenly understands the
value of installing effective infrastruc- MT by 2021. India’s per capita con-
• MBA from University of Norway; fessionals for stern quality checks. It ture. The machines and technologies sumption of steel grew at a CAGR of
never releases any supply to the deployed in fabricating the wide and 3.96 per cent from 46 kgs in FY08 to
• Experience of 5+ yrs in steel & pipe marketplace without initiating and ac- advanced range of ERW MS Pipes 65.25 kgs in FY17. Low per capita
industry; consumption, increased infrastructure
• Currently, looks after sales & produc- Peer Review Auditor activities, and thriving automobile and
railway sectors are expected to be the
tion department of the Company. M/s. S.N. Shah & Associates, Chartered Accountants driving forces for the industry.

Contact : 079-26576639 E-mail : [email protected]

 Financial Weekly

4 27th Jan. to 2nd Feb. 2019 SMART Primary Market

INVESTMENT Dilip K. Shah
After long vacation of almost three years Primary Market witnesses movement: Two mainboard IPOs enter into the market
Tempo continues in NCDs issues: As M&M, SHREI Eq, Kosmattam exit two more issues enter into the market
Sr Company Issue Open Dt.
Xelpmoc Design's mainboard IPO is worth Rs23 crore so will get listed in T group Issue Close Dt.
Chalet Hotels' Rs 1640 crore mainboard IPO will close on January 31 1. XELPMOC
DESIGN
23-1-2019
25-1-2019
Ritco Log's BSE SME IPO with offer price of Rs 71-72 will enter into the market on January 26 (Book Building)
Shriram Trans Fin's NCDs issue will close on January 31 - Manappuram to enter on January 26 2. Chalet 29-1-2019 F
India Infoline's Rs 2000 crore NCDs issue get good response from the beginning Hotels 31-1-2019
2
The beginning of January Xelpmos IPO gets 1.24 times subscription as on January 24: Issue closed on January 25, 2019
2019 has been disappointing for
the primary market. At one point KPI Global Infra got listed on BSE SME platform with nominal premium Rs23 crore. It should be
of time around four SME IPOs
Surani Steel's NSE SME IPO may witness fancy in last few days noted that in the past N
used to enter into the market ma ny is sue s u nd er Sr Com
which has got reduced to just Ritco Log's BSE SME IPO will be attractive due to strong track record Rs100 crore have en-
one or two. Moreover, due to un- tered into the market, i.e. 1. Shr
certainty in the secondary mar-
Chalet Hotels mainboard IPO price band Rs. 275 to 280 Opens on 29th Jan.
Ast ron Paper , Kar da, Tran
ket and upcoming Lok Sabha Dinesh Engineering also en- XelpmosDesing and Chalet Ho- able to maintain their tempo. Salasar, Dinesh Engg. Fina
elections, the issues with SEBI tered into the market during the tels will be hitting the bourse in Some of the issues didn't get the However, this is the first
approval have preferred to have same time. However, the issue the last week of January. More- target still many more compa- sub-25 crore IPO. In fu-
'Wait and Watch' policy. It should failed despite smaller size. Gar- over, two SME IPOs Surani Steel nies are entering into the mar- tur e, Narma da CHem 2. Indi
be noted that the last main board den Reach Ship Builders had to Tubes Ltd (NSE) and Ritco Lo- ket. and Heranba may come Info
IPO hit the market in October reduce the offer price and extend gistics (BSE) are also entering * Mainboard IPOs :- up with sub-100 crore is-
2018 and that also of PSU Gar- • Xelpmos Design :- The
Fina
the subscription deadline twice. into the market. sues.
den Reach Ship Builders. More- * It is good sign for the mar- Despite bearish trend in IPO mainboard IPO with entered into Xelpmos Design has
ov er , ano th er is su e t ha t of ke t that tw o IPOs - market, NCDs issues have been the market on January 23 and been making losses. Last 3. Man
get closed on January 25. It's sur- three year's EPS, RONW, Fina
NSE SME IPO prising that some of the issues
in the SME segment were val-
P/E Ratio and the first
Fina
half's results have been
Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark ued at Rs90 crore, while this negative. Pre IPO placement at
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size % mainboard IPO is valued at just premium price have been the
1. Surani 25-1-2019 24,84,000 Eq. 51 to 52 2000 Eq. Shares 40% : APPLY main reason for positive book
Steel Tubes 29-1-2019 (Rs. 12.91 Cr.) (Rs. 1,04,000) Mid to Long Term Listing Information of value and net worth. In this is-
KPI Global Infra sue, only 10% shares have been
BSE SME IPO BSE Code 542323 reserved for retail investors. The
price band is as high as 62 to 66
Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark Listing Date 22-1-2019 in which retailers will get dis-
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size % Offer Price Rs. 80.00 count of Rs3. More details are
1. Ritco 28-1-2019 50,00,000 Fresh 71 to 73 1600 Eq. Shares 42% : APPLY Listing Price Rs. 80.80 Ritco Logistics
Logistics 30-1-2019 16,00,000 : OFS (Rs. 1,16,800) Short to Mid Term Listing Day High Rs. 82.45
Opens on 28th January &
Total : 66,00,000 Listing Day Low Rs. 80.55
Listing Day Close Rs. 81.30
Price Band Rs. 71 to 73; List
(Rs. 48.18)
Lead manager Pantomath is enjo
Xelpmoc Design BSE NSE IPO Surani Steel Tubes NSE SME IPO Looking to the PE of 14.20 & P/
Opens on 23rd January & Closes on 25th January Opens on 25rd January & Closes on 29th January Considering Consistent fina
Price Band Rs. 62 to 66; Listing on BSE - NSE Platform Price Band Rs. 51 to 52; Listing on NSE - SME Platform Marquee clients, One can a
It's continuously loss making co. with negative PE & high P/BV Considering Strong track record, Fast expansion, Huge Network Incorporated in 2001, Delhi based
engaged in the business of providing
Investor may avoid this risky & pricy IPO Investors may apply in this IPO for Mid to Long Term warehousing facilities. The company p
Incorporated in 2015, Bangalore based Xelpmoc Design and Tech Incorporated in 2012, Gujarat based Surani Steel Tubes Limited is a Contract Logistics, Less than Truck L
Limited is a company engaged in the business of providing technical con- company engaged in the business of manufacturing of Electric Resistance The company primarily serves to indus
sulting services and end-to-end technology solutions and support. The Welding Mild Steel ("ERW MS") Pipes. The company's products are used in
bulk quantities of their goods within Ind
company caters entrepreneurs, start-ups and established companies in many industries like Architectural, Infrastructural, Industrial and Engineering
public and private sector. It provides a wide range of services, including, etc. Surani majorly relies on its dealer network to sell its products. As on Issue Details
mobile and web application development, prototype development, thematic March 31, 2018, it has arrangements/understanding with more than 300 deal- • Issue Opens on 28th January & Clo
product development, data science and analytics assistance ers spread across Gujarat. Selling of scraps also contributes to its revenue. • Object of the issue : Repayment of a
Issue Details Issue Details Capital requirment.
• Issue Opens on 23rd January & Closes on 25th January 2019 • Issue Opens on 25th January & Closes on 29th January 2019 • Issue Size : 66,00,000 Equity Shar
• Object of the issue : Purchase of IT Equipment, Purchase of Fit-Outs for
• Object of the issue : Working Capital Requirment. (Fresh Issue : 50,00,000, OFS : 16
new Devl. Centres, Working Capital Requirment. • Face Value Rs. 10, Total Rs. 48.18
• Issue Size : 24,84,000 Equity Shares
• Issue Size : 37,09,800 Equity Shares • Offer price Rs. 71 to 73 Per Shares
• Face Value Rs. 10, Total Rs. 23 Cr. • Face Value Rs. 10, Total Rs. 12.67 to 12.92 Cr.
• Offer price Rs. 51 to 52 Per Shares • Minimum Lot Size : 1600 Shares, L
• Offer price Rs. 62 to 66 Per Shares (Rs. 3 Discount to Retailers) • BRLM : Pantomath Capital
• Minimum Lot Size : 200 Shares, Listing BSE - NSE • Minimum Lot Size : 2000 Shares, Listing : NSE - SME
• BRLM : Pantomath Capital • Registrar : Link Intime
• BRLM : ITI Capital Ltd. (Old Name : INGA Capital)
• Registrar :Karvy Fintech Services • Registrar : Link Intime Financial Particulars (Rs. Cr.)

Financial Particulars (Rs. Cr.) FY17 FY 18 FY19 6M Financial Particulars (Rs. Cr.) FY 16 FY17 FY18 FY19 Perfor- Total Revenue 31
Total Revenue 1.97 5.04 3.62 4 Month
mance Profit After Tax
Perfor- Profit After Tax -2.82) (-3.43) (-2.27) Perfor- Total Revenue 68.46 76.70 100.80 36.14
EPS
mance Profit After Tax 1.10 1.00 1.72 0.41
mance EPS (5.18) (3.72) --
EPS 2.19 2.00 3.44 --
RONW (%)
RONW (%) (43.23) (21.69) --
RONW (%) 29.70 21.31 16.56 -- • Issue constitutes : 26.96% of the p
• Issue constitutes 25.45% of the post issue paid up capital • Average of last 3 yrs. EPS Rs. 3.42
• Average of last 2 yrs. EPS Rs. -5.75 & RONW -28.28 • Issue constitutes : 29.99% of the post issue paid up capital • Pre IPO Eq. capital Rs. 19.48 Cr. P
• Pre IPO Equity capital Rs. 10.20 Cr. Post IPO Equity Capital Rs. 13.69 to • Average of last 3 yrs. EPS Rs. 2.75 & RONW 20.33% • Pre IPO P/BV Ratio 2.62 (NAV : 27
13.90 Cr. (Consolidated 30-9-18) • Pre IPO Eq. capital Rs. 5.80 Cr. Post IPO Equity Capital Rs. 8.28 Cr. • Post IPO Asking P/E on fully diluted
• Pre Issue P/BV Ratio : 3.83 (NAV : 17.22) • Pre IPO P/BV Ratio 2.79 (NAV : 18.65) • Industry Peer Group PE Ratio : 27.
• Industry Peer Group PE Ratio : NIL • Post IPO Asking P/E on fully diluted equity : 34 • BRLM’s Performance : Total 77 iss
• BRLM’s Performance : Total 3 issues Handaled in last 2 Years, In Last 2 • Industry Peer Group PE Ratio : Not Comparable 10 Listing, 10 Issues in Premium.
Listing, 2 Issues in Premium.
Other side of IPO
• BRLM’s Performance : Total 76 issues Handaled in last 3 Years, In Last
10 Listing, 10 Issues in Premium.
Other sid
• The average cost of acquisition of
" The Average cost of acquisition to the promoter per equity is 6.84 to
20.80
Other side of IPO 4.03 & promoter is also selling share
• The average cost of acquisition of shares to the promoter is not available • Company issued 60,37,200 Equity s
" It has issued bonus shares in the ratio of 55:100 in July 2018 • Increase in crude oil price & new vo
" It has reserve of only 10% for retail investor. While quote of 70% for in RHP
• Negative cash flow in near past.
QIBs and 15% for HNI • It has issued bonus shares in the ratio of 1:1 on 10th March, 2018
• Highly competitive business.
" RONW & EPS for FY 16 to 18 remained negative • In consistency in bottom line growth.
• Does not own regd. Office, warehou
Recommendation : It's a continuously loss making company even in • Valuations are not comparable with peers. Recommendation : Considering
H1 of 2019, company has reported negative earning & RONW under the • RONW has gone down to 16.52 for 2018 from 29.70% for 2016 reasonably priced. Looking the fundame
circumstance it will at least take 3/4 years to wipe out losses and to turn Recommendation : Considering strong track - record, Expansion, fleets, witnessing good growth. Further
around on breakeven points. Overall considering negative PE and P/BV huge network, high top line growth, investors may apply for midterm to long good goodwill of continuous premium l
3.82, investors may avoid this risky & costly IPO. term in this issue. to midterm in this issue.
 Financial Weekly

SMART 27th Jan. to 2nd Feb. 2019

5
INVESTMENT
HDFC Life : Insurance for your portfolio
Main - line IPO (Non SME) Va Tech Wabag secures another order
Issue size Offer price Min. Rs. 1,00,00 Rs. 2,00,000 Listing Lead Rating Remark Tata Elxsi: Ebitda margin up, Profit up
(Rs. Cr.) (Rs.) App. Limit Limit Manager %
37,09,800 62 to 66 200 Shares 1400 Shares 3000 Shares BSE ITI Capital 32% AVOID Asian Paints : Strong Q3 numbers in Eight years
Eq. Shares
(Rs. 23 Cr.)
(Rs. 3 Discount Rs. 13,200 Rs. 92,400
to Retailers)
Rs. 1,98,000 NSE
Smart Best Tata Elxsi (Rs. 933.00) (Code :
500408) (F. V. : 10.00) :- Tata Elxsi
reported better than expected num-
Fresh Issue Rs. 950 Cr.
OFS : up to :
275 to 280 53 Shares 318 Shares 689 Shares BSE JM Fin., Axis,
(Rs. 14840) (Rs. 89040) (Rs. 192920) NSE Morgan St.,
Visit our
Smart Investment
Buy S. N. Zaveri bers for Q3FY18 on EBITDA and PAT
fronts. Revenue grew by 1.0% qoq
2,46,85,000 Eq. Shares Website HDFC Life (Rs. 361.00) (Code : and 11.4% yoy to Rs346cr against
smartinvestment.in
total (Rs. 1640 Cr.) 540777) (F. V. : 10.00) : HDFC Stan- consensus estimate of Rs365cr.
dard Life has now become HDFC Life. EBITDA came in at Rs93cr, up 11.3%
ThePrivate life insurer, has recorded
Non Convertible Debenture (NCD) Issues at a Glance a net profit of Rs 913 crore in the first
qoq and 31.1% yoy against consen-
sus estimate of Rs89cr. EBITDA mar-
mpany Issue Open Bond size F.Value Min. Listing Rating Recomm. nine months of FY 19 as opposed to gin expanded by 250bps qoq and
Issue Close (Rs. Cr.) (Rs.) App. Rs 762 crore during the same time in 407bps to 27.1%. Net profit grew by
riram 7-1-2019 Base Size of Rs. 200 Cr. 1,000/- 10 NCDs BSE AA+ Stable by CRISIL FY18, thereby registering a growth of 9.7% qoq and 42.2% yoy to Rs63
ansport 31-1-2019 with an optionto retain (Rs.10,000) NSE and 20 per cent. In Q3 of FY19, the in- crore. Software development & ser-
Apply for surer posted profits to the tune of at
nance (Trench III) Oversubscription upto 500 Cr. Lead manager : AA+/Stable Outlook vices revenue grew by 3.7% qoq and
5 Year Rs 245.63 crore, up 18.3 per cent. 14% yoy to Rs336cr. EBITDA margin
Aggregating up to Rs.700 Cr. Axis Bank, A K Capital, by India Ratings
Edelweiss, JM Fin.,Trust Inv. The company’s profit stood at Rs expansion on qoq basis was on ac-
207.32 crore in the same quarter of count of 167bps qoq decline in cost of
dia 22-1-2019 Base Size of Rs. 250 Cr. 1,000/- 10 NCDs BSE AA+ Stable by BWR
2017. The net premium income of the purchases and 86bps qoq decline in
oline 20-2-2019 with an optionto retain (Rs.10,000) NSE and company saw a 27.3 per cent rise in
APPLY employee cost. TEL’s presence in
nance Oversubscription upto 1750 Cr. Lead manager : Edelweiss AA/Stable by the third quarter of FY 19 from Rs specialised verticals such as automo-
Aggregating upto Rs.2000 Cr. IIFL Holding, ICICI Sec. CRISIL & ICRA 5419.9 crore in Q3 FY 18 to Rs 6897.7 tive and broadcast will be key growth
Trust Investment Adv. crore in Q3 FY 19. In the first nine drivers, going forward. TEL’s core
nappuram 28-1-19 Base Size of Rs. 150 Cr. 1,000/- 10 NCDs BSE AA/Stable by CARE months of FY 19, the net premium in- strengths lie in high growth solutions
nance 27-2-19 with an optionto retain (Rs.10,000) &
AVOID come of the company stood at Rs 18, such as IoT, robotics, automation
nance Shelf Limit Rs. 1000 Cr. Lead manager : AA+/Stable by BWR 676 crore as opposed to Rs 14,470 mobility, VR/AR digital experience,
crore in the first nine months of FY cloud and AI platforms. TEL counts
given in the separate box. 18, thereby registering a growth of names such as BMW, Mercedes-
Subscription : The issue
• Chalet Hotels
:- This is K.Raheja
Subscription Figures of 29.06 per cent.The new business pre- Benz, JLR and Tata Motors as cli-
opened on January 23 and has Group's hospitality Xelpmoc Design Main Line IPO mium has reported a 41 per cent rise ents. The company has presence
got 1.26 times subscription as on from Rs 7,065 crore in the first nine across the value chain of broadcast
arm. The issue en-
January 24 including 1.77 times No. Shares Issue Subscribed months of FY 18 to Rs 9,940 crore in & media vertical and counts clients
tering into the mar-
the first nine months of FY 19.The net from different segments of broadcast
in QIB, 1.66 times in HNI and ket on January 29 Offered/ 23-1-19 24-1-19 25-1-19
worth of the company has seen a 31 ecosystem. Buy.
0.79 times in retail category. It is v alued a t Rs Reserved 5.00 PM per cent rise from Rs 4,359 crore to Asian Paints (Rs. 1400.00) (Code
closed on January 25. It has 1640 crore, which Rs 5,690 crore. The stock is trading
managed to sail through.
QIBs 11,12,904 0.73x 1.22x 1.24x : 500820) (F. V. : 1.00) :- Asian Paints,
includes fresh is- at around Rs.370. Buy and insure your the leading paint maker, has reported
sue of Rs 950 crore HNI 5,56,451 0.04x 1.66x 2.00x
s BSE SME IPO an d OFS of Retail 3,70,967 0.25x 0.79x 1.68x
portfolio.
Va Tech Wabat (Rs. 292.00)
one of the strongest quarters in eight
years. It has reported a 14 percent on-
& Closes on 30th January 2,46,85,000 Total 20,40,322 0.45x 1.26x 1.53x (Code : 533269) (F. V. : 2.00) :- Va year increase in third quarter profit at
ting on BSE - SME Platform sh ar es. Th ou gh Tech Wabag, a leading pure play wa- Rs 647 crore, driven by strong topline
price band Rs. 275 to 280, More ter technology Indian Multinational
oying goodwill of premium listing Chalet Hotels Company has secured Rs.467 Crore
and operational growth. Consolidated
details will be made available on revenue grew 24.3 percent to Rs 5,294
P/BV of 14.62 it’s attractive bet Retailers may apply www.smartinvestment.in. worth order from Mangalore Refinery crore with double-digit volume growth
ancial growth, Young fleets Shares Amt. Shares Amt. * SME IPOs:- and Petrochemicals Limited ('MRPL') in decorative business segment.At op-
apply for short to mid term 53 14840 371 103880 • KPI Globa l (li st ing) towards engineering and construction erating level, consolidated EBITDA
d Ritco Logistics Limited is a company 106 29680 424 118720 (Code:542323) :- The issue with
of a 30 MLD Sea Water Desalination (earnings before interest, tax, depre-
44520 477 133560
plant expandable upto 70 MLD in ciation and amortisation) jumped 17 per-
g goods transport service along with 159 fixed price of Rs80 got listed on
530 148400 Mangaluru, Karnataka.The scope of cent YoY to Rs 1,043.2 crore, but mar-
provides a range of services including 212 59360 583 163240 January 22 at price of Rs80.80
this Design and Build contract includes gin in Q3 contracted to 19.7 percent
Load (LTL) and Fleet Rental Services. 265 74200 636 178080 and went up to Rs84.45 and engineering, supply, erection, con- against 20.9 percent in same period last
strial customers who need to transport 318 89040 689 192920 down to Rs80.55 before closing struction and commissioning of a 30 year on account of the higher raw ma-
dia. at Rs81.30. It closed at Rs78 on MLD Sea Water Desalination plant terial prices.Decorative volume growth

oses on 30th January 2019

Subscription figure of Thursday. It's surprising over a period of 22 months. The com-
pany has a multinational pedigree and
of 23 percent YoY is robust & is a re-
that despite getting 11 flection of market share gain. Volume
a portion of Bank borrowings working Kosamattam Fin. NCDs times subscription, the is- offers customer-specific solutions. growth has picked up significantly, and
The company has about 100+ pat- the volume growth outlook has also im-
res
Category No. of BOnd Issue sue got listed with nomi-
ents which include both products and proved which is a positive sign.The re-
6,00,000) Issue Closed on Offered/ Subscribed nal premium. It may give process patents and Wabag Austria cent price increases with falling input
8 Cr. 25-1-2019 Reserved 25-1-19 good return in medium has 51 patents that are awaiting ap- costs will improve margins. Most of the
s term. proval. The management remains
Category I 1,50,000 0.00x Brokerage houses have increased the
Listing : BSE - SME • Surani Steel Tubes confident of meeting the FY19 order target level in this counter. Buy.
Category II 6,00,000 1.51x NSE SME IPO :- Gujarat- book guidance of Rs 5,300–5,700 (SEBI Registered Research Analyst)
Category III 7,50,000 1.99x based company is enter- crore given opportunities in the Clean
* Disclosure :- The author has not brought / sold
any stock advised in this news paper during last one
FY 16 FY17 FY18 FY19 Total (Base Issue) 15,00,000 1.60x ing into the market with Ganga project and other works in month • All stocks rates / indices on 24th Jan., 2019
unless specified o Stoploos is useful for Short - Medium
H1 Subscription figure of Rs12.91 crore IPO offer- metro cities. The stock jumped to term investors only
Rs.320 level from Rs.250 level in few * Disclaimer :- • Smart Investment will not be re-
14.16 328.96 343.91 208.60 ing shares at price of
1.44 3.82 10.28 6.21
Shriram Transport Fin. NCDs Rs51 to 52. The company days and then corrected. Now it is
sponsible / for any loss arising out of investment based
on its recommendation. • Though, every care has been
trading at around Rs.290 level. Buy in taken, we will not responsible for any errors / omissions
0.74 1.96 5.28 -- Category No. of BOnd Issue promoted by experienced o All disputes are subject to Ahmedabad jurisdictioner
promoters is expanding phased manner.
4.24 10.14 21.44 -- Offered/ Subscribed
post issue paid up capital quickly. SME IPO :-The issue opening on first three days. It still needs 8
Reserved 25-1-2019 Th e co mpa ny h as
2 & RONW 14.81% January 28 will offer 50 lakh time s m or e s ub scr ip tio n to
Cat. I (Inst.) 2,00,000 0.01x strong network of more
Post IPO Equity Capital Rs. 24.48 Cr. fresh equity shares and 16 lakh achieve the target but it may get
7.81) (30-9-18) Cat. II (Non Inst.) 2,00,000 0.42x than 300 dealers. The sh ar es un de r O FS to r aise close earlier than scheduled
d equity : 14.20 Cat. III (HNI) 8,00,000 0.67x products are used in irri- Rs48.18 crore. The lead man- date like M&M Fin.
.57 Cat. IV (Retail) 8,00,000 5.36x gation, infra and oil&gas ager is Pentamoth and heaving • Kosmattam Fin's issue has
sues Handaled in last 3 Years, In Last Total (Base Issue) 20,00,000 2.46x sector in huge quantity. a excellent track record for pre- closed on January 24 with 1.49
These sectors are likely mium listing of SME IPOs. The time s s ub scr ip tio n. Sr ir am
de of IPO Subscription figure of to benefit in next budget. issue may get listed with pre- Transport Fin's issue has got
equity shares to the promoter is Rs. India Infoline Fin. NCDs The company's debt to mium. 2.39 times subscription of its
reholder in this IPO equity ratio has been de- * Insight into NCDs issue :- base price. Both have got poor
shares as bonus on 28th March, 2018 Category No. of BOnd Issue clining. Moreover, in last in last three months, a number response.
olatilities may adversely affect. Offered/ Subscribed five years it has witnessed of NCDs issues are entering into • Manappuram Fin :- The
Reserved 25-1-2019 CAGR growth of 30% in the market. company has entered into the
Cat. I (Inst.) 5,00,000 4.22x in co me an d 120 % in • India Infoline :- The issue market once again. This time the
ouses, branches are on lease.
PE of 14.20 & P/BV of 2.62, IPO is Cat. II (Non Inst.) 5,00,000 1.69x profit. The issue closing with base price of Rs250 crore base price is Rs150 crore and
ental, long term marquee clients, young on January 29 will give
Cat. III (HNI) 7,50,000 6.81x and shelf limit of Rs200 crore shelf limit is Rs1000 crore. The
er lead manager pantomath is enjoying good return in medium to has opened on January 22. It has issue will open on January 26.
Cat. IV (Retail) 7,50,000 3.11x
listings. Investors may apply for short long term. got 3.26 times subscription in
Total (Base Issue) 25,00,000 4.16x The issue has got AA+ rating.
• Ritco Logistics BSE
6 th nd
27 Jan. to 2 Feb. 2019
SMART INVESTMENT
Expert’s Eye Nifty & Sensex Movement during the last week News Track
(Continued from page 8) Nifty Open High Low Close Diff
21-Jan-19 10919.35 10987.45 10885.75 10961.85 54.9
Bombay Super Hybrid Seeds Ltd awarded
to end the day at 10922.75, BSE
Sensex closed at 36444.64 with a 22-Jan-19 10949.8 10949.8 10864.15 10922.75 -39.1 BOMBAY SUPER HYBRID SEEDS
loss of 134.32 points. Auato and 23-Jan-19 10931.05 10944.8 10811.95 10831.5 -91.25 LTD, has been awarded " MOST
Metal counters took the lead for 24-Jan-19 10844.05 10866.6 10798.65 10849.8 18.3 FASTEST GROWING COMPANY
doom and ov ershadow gains in 25-Jan-19 10859.75 10931.70 10756.45 10780.55 -69.25 2018“& SUCCESSFUL DYNAMIC
pharma, Concumer Durable NET WEEKLY GAINS -126.4 YOUNG BUSINESSMAN " at VI-
counters. Mid and Small cap ham- BSE Sensex Open High Low Close Diff BRANT GUJARAT Grand function at
mering witnessed for the second World class Mahatma Mandir,
21-01-19 36,467.12 36,701.03 36,351.77 36,578.96 192.35
s es sion in a row. Fund houses
22-01-19 36,649.92 36,650.47 36,282.93 36,444.64 -134.32 Gandhinagar on 19th Jan. The
offloading triggered weak sentiment.
FIIs too were net sellers for the day. 23-01-19 36,494.12 36,521.47 36,037.90 36,108.47 -336.17 award was given by CM Shri Vijay
Wednesday witnessed positive 24-01-19 36,146.55 36,258.28 35,996.68 36,195.10 86.63 bhai Rupani, Dy.CM Shri Nitinbhai
opening, but at the day progressed, 25-01-19 36,025.54 36,474.48 35,953.15 36,025.54 -169.65 Patel & Central Minister Mr.Giriraj
profit booking at higher levels brought NET WEEKLY GAINS -361.16 Singh.“Mr.jayesh raddiya
market in red territories at the close.
NSE Nifty lost 91.25 points to close tal Goods counters eased. Mid and tives expiry week and hence may
at 10831.50, BSE Sensex posted
deficit of 336.17 points to end the
Small cap counters remained under
selling pressure for the fourth day in
witness high volatile trades.
Amidst such a scenario NSE
Bhadra Paper Mills Ltd.
day at 36108.47. Few poor Q3 num-
bers fro corporate propelled dull sen-
a row. FIIs were net sellers and DIIs
were net buyers in cash counters.
Nifty and BSE Sensex may hover
between 11350-10150 and 36950- NSE SME IPO to opens soon
timent. Bank ing, Auto, Pharma Yes Bank gained on announcement 35200-35100 respectively for the Bhadra Paper Mills Ltd. that is a
counterslead the doom. Mid and of new MD in place of Mr Rana ensuing week. niche player with need based sup-
Small cap selling spree continued for Kapoor. RIL and TCS lead the gains NTPC board meet is scheduled ply of duplex board to its customers
the third day. FIIs were the net sell- in indices. on 30.01.19, Vishal Bearings on within the region of its operations is
ers and DIIs net buyers for the day. Dollar traded firm above Rs. 71. 31.01.19 and Sukhjit Startc h on now going ahead with diversification
Surge in Crude Oil that crossed 62$ a dollar and was at Rs. 71.23 on 06.02.19 to consider bonus issue . in commercial kraft paper manufac-
Thurs day . Brent Crude Oil too DISCLAIMER : No financial information what-
a barrel kept a tab on general senti- soever published anywhere here should be construed
turing fancily. Company is coming
ment. moved over 61 $ a barrel during the as an offer to buy or sell securities, or as advice to do out with a maiden IPO consisting of
On Thursday, markets opened week. Q3 number season is gather- so in any way whatsoever. All matter published here fresh equity issue of Rs. 47 crore
ing momentum and market is in is purely for educational and information purposes
on a flat but positive note and man- only and under no circumstances should be used for and offer for sale of Rs. 4 crore. It has planned a capex of Rs. 45 crore to set
aged to close the session with nar- stock specific mode as usual. US- making investment decisions. Readers must con- up new plant which is expected to be on stream within 15 months. It is a debt
row gains. NSE Nifty scored just China trade war issue and BREXIT sult a qualified financial advisor prior to making any
imbroglio are at center stage for a actual investment decisions, based on information free company having spent on solar energy for captive use and thus reap-
18.30 points to end the day at
while. Budget pros and cons will keep published here. Any reader taking decisions based ing benefit of low power cost, tax shelter on investment in solar plant. Com-
10849.80 and BSE Sensex regis- on any information published here does so entirely at
the market men busy for a while and own risk. Above information is based on the details
pany has been reporting growth in top and bottom lines for past few years.
tered gain of mere 86.63 points to
may lead to pre-budget rally. Piyush available as on the date along with market percep- It is able to get premium rates for its products from the quality users. It
close at 36195.10. Sensex broke tions. Investors should bear in mind that any invest-
36K lev el on the down side in Goyal taking charge as interim Fi- follows green initiative strategy in all its process that helps them in reducing
ments in stock markets are subject to unpredictable
intraday trades. While IT, Realty and nance Minister is welcomed by the market related risks. (THE AUTHOUR IS SEBI the cost of production.
market. Ensuing week is a deriva- REGISTERED RESEARCH ANALYST)
Power sector gained, Telecom, Capi-
Rapid Fire Stocks - Kalpna J (Continued from page 1)
Dark Horse (Continued from page 1) Stock Wave
(Continued from page 8)
NIIT Techno :- Revenue from top-5 and top-10 clients have
Sree Rayalaseema (532842 & NSE) On the downward movement,
declined by ~2.5% qoq and ~6% qoq respectively based on contribution
numbers. This points at higher growth in smaller clients. Beat on the bottom-
Rs.115.91 & price to book value ratio is around 1.31 which is impres- below 27186 it may go down to line was aided by higher other income. Other income was higher by ~42%
sive. The Promoters hold 61.68% while the investing public holds 38.32% 27120, 27050, 26985, 26915 and on exchange difference (Rs8.3cr in Q1FY19 vs. Rs3.2cr in Q4FY18).
stake in the company. Company has posted superb numbers for Q2FY19 & 26780. NIIT Technologies is a leading IT solutions organization, servicing cus-
H1FY19. During Q2FY19, its net profit zoomed 127.10% to Rs.11.75crore HDFC Bank (2102.25) :- Hav- tomers in North America, Europe, Japan, Asia and Australia. It offers ser-
from Rs.5.17crore in Q2FY18 on 38.13% higher sales of Rs.173.77crore in ing reached 2166.50 level on upward vices in Application Development and Maintenance, Enterprise Solutions
Q2FY19 fetching an EPS of Rs.6.85. During H1FY19, its PAT soared 73.86% movement it may witness selling ac- including Managed Services and Business Process Management to organi-
to Rs.17.71crore from Rs.10.19crore in H1FY18 on 39.32% higher sales of tivities. It shows towards oversold zations in the Financial Services, Transportation, Retail, and Manufacturing
Rs.341.43crore fetching an EPS of Rs.10.32. It has paid 20% dividend for position on daily basis, overbought and Government sectors. The Company is certified in accordance to the
FY18. Currently, the stock trades at a P/E of 5.8x. to neutral on weekly basis and to- ISO 27001 standard and also assessed at SEI CMMI - Level 5 Version 1.2.
Investors can accumulate this stock with a stop loss of Rs.132. It wards overbought position on
The Company has world-class development centres at New Delhi, Kolkata,
may give very good returns in medium to long term. Mumbai, Bangalore, Atlanta, London and Singapore. The company also has
monthly basis. On upward move-
a sound Business Continuity Plan in place that can address any natural or
Aro Granite (513729 & NSE) ment, 2114 could be important re- accidental disasters at its development and operation centres.
Rs.111.5 & price to book value ratio is just 0.5x which is impressive. The sisting level. On the downward move- NIIT Tech is focussed on improving its sales growth by constantly enhanc-
Promoters hold 41.06% while the investing public holds 58.94% stake in the ment, below 2093 it may go down to ing its deal pipeline (aims for one deal per quarter) and adding new logos. Digital
company. Ace investor Dilip Lakhi holds 10.54%, Bharat Pitti hold 2.39% 2069 with support at 2032. revenues have increased to ~26% of total revenue from ~20% in FY17, driving
and Subramanian P hold 1.29% stake in this company. LIC (469.60) :- It is witnessing bulk of the growth. It has made several external hires from global MNCs to
Company has posted superb numbers for Q3FY19 & 9MFY19. During profit booking from top of 498.75. It maintain its momentum in digital and step up focus in underpenetrated geogra-
Q3FY19, its net profit zoomed 2875% to Rs.4.16crore from Rs.0.14crore in shows oversold position on daily ba- phies (sales). This should also lead to better client mining and new client acqui-
Q3FY18 on sales of Rs.39.78crore in Q3FY19 fetching an EPS of Rs.2.73. sis, overbought to neutral on weekly sitions. Additionally, its focus on improving its offerings in sub-segments like
During 9MFY19, its PAT soared 659.93% to Rs.6.24crore from Rs.0.82crore basis and towards neutral position on property & casualty within insurance and hospitality within travel should enable
in 9MFY18 on sales of Rs.125.47crore fetching an EPS of Rs.4.08. monthly basis. On upward movement, it expands in US and Europe. Consequently, top-line and bottom-line is ex-
beyond 475 it may witness resisting pected to grow at 16% and 25% CAGR respectively over FY18-20E. NIIT
Company is aiming to establish a new granite slab processing plant in
level at 484. On the downward move- Technologies is a mid-sized IT service provider. BFSI and travel & transport
Jaipur, Rajasthan with capacity of 1,50,000 sq mtrs per annum. This plant
ment, below 462 it may go down to verticals contributed 44% and 26% respectively to 4QFY18 revenue. Geo-
shall reduce the transportation cost by more than half and make its prices graphically, America and EMEA accounted for ~48% and ~32% of revenue
and offering more competitive in the market. 458, 453, 447 and 442.
respectively, while 20% was contributed by rest of the world (ROW). NIIT
Investors can accumulate this stock with a stop loss of Rs.43. It M&M (697.30) :- It is moving
Technologies Recognized as the only ‘Star Performer’ amongst ‘Major Con-
may give very good returns in medium to long term. downward from top of 814. It shows
tenders’ on the 2018 Everest Group PEAK Matrix™ Insurance Application
oversold position on daily, weekly
Terrific Shots Smart Tips
and monthly basis. On upward
movement, beyond 710 resisting
United Breweries :- The company went global
buying businesses all over the world like Whyte and Mackay ten years ago.
(Continued from page 8) (Continued from page 8) level could be at 721. On the down-
But meanwhile, the company was sold in 2014 to a company based in the
T he c o mp an y ' s e qu i ty o f ward movement, below 679 it may Philippines. UB Engineering Limited (UB EL) was acquired by the UB Group
R s 5 92 2 c r o re , ne t w or th i s The shares touched a 52-week go down to 655 and 631. in 1988, and it participates in construction projects, procurement projects,
R s 2 93 5 06 c ro r e, d e bt is high of Rs. 311 and low of Rs. 166. NTPC (140.45) :- It shows im- mechanical equipment testing, and infrastructure works. The company
Rs181604 crore, total assets are Promoter holding is 56.74%. It has a provement from bottom of 151.60. It
market cap of Rs. 2,480 crores. For was founded in 1963, and it went
R s 4 78 64 9 c r or e . In D ec em be r shows overbought position on daily Disclaimer :- Investment rec-
quarter, the company witness ed the September 2018 quarter, the public nine years later. The company
and weekly basis, while neutral po- ommendations made in Smart In-
net profit of Rs10352 crore on net company reported consolidated in- also oversees maintenance of plants
sition on monthly basis. On upward vestment are for information pur-
sales of Rs156397 crore and other for different industries, and not only
come of Rs. 282 crores, and net profit movement, resisting level could be pos es only and derived from
income of Rs2460 crore on con- in the home country, but it is also
of Rs. 28.41 crores. The company at 145. On the downward movement, source that are deemed to be reli-
s olidate bas e. The c ompany is known for its international business
had entered the capital market in below 134 it may go down to 129 and able but their accuracy and com-
active in energy to telecom sector deals. Mangalore Chemicals and
October 2015, and issued shares at 124. pletenes s are not guaranteed.
and it beat the market estimates Fertilizers is a business run from a
Rs. 180. It had raised Rs. 200 crores. Reliance Ind (1247.45) :- It Smart Investment or the analyst /
i n th ir d q ua rt e r re s u l ts . Th e factory in Karnataka and is special-
The shares were listed at a good writer do not accept any liability
shows improvement from bottom of ized in the production of fertilizers.
shares outperform in short term for the use of this column for the
premium. The company operates in 1055. It shows overbought position The company offers an array of prod-
depends on its c apital c ost, im- buy ing or selling of securities.
the flavours and fragrances space, on daily and weekly basis, while neu- ucts like diammonium phosphate,
pro v emen t in refi ning margi ns , Readers of this column who buy
commencement of regasification
and is considered the largest com- tral position on monthly basis. On soil conditioners, urea, granulated
or sell securities based on the in-
plant in next year and competition pany in the segment. The company upward movement, beyond 1255 it and specialty fertilizers, as well as
formation in this column are soley
in telecom sector. The company is in the process of expansion, and may go up to 1270 and 1290. On the micronutrients. Another subsidiary
responsible for their actions. The
could set off lower polymer mar- has also increased its focus on downward movement, below 1222 it worth mentioning is the UBICS Inc
author, his company or his ac-
gin due to volume growth in petro- South East Asia and European mar- may get support at 1210 and 1192. which is a firm offering IT consulting
quaintance may / may not have
kets. The stock can be seen cross- services, as well as IT equipment
c h emi c al s a nd imp rov eme nt in Disclosure : The Recommendations positions in the scrips featured
polyester margins. ing Rs. 200 in 9 to 12 months, and and supplies to professional busi-
are based on technical analysis. There herein.
touching Rs. 250. nesses.
is a risk of loss in trading.

Contact : 079-26576639 E-mail : [email protected]

SMART INVESTMENT
th th
2427 Jan.toto302thndJune
June Feb. 2019
2018 7
Smart Education - Yog Joshi Dalal Sukhjit Starch to announce Bonus shares
Topic - 8 (2) Street Phagwara,Punjab based Sukhjit Starch and Chemicals Limited ( BSE

Type of Candlestick Pattern - Hammer Whispers Code : 524542) board has called EGM to discuss the Bonus, Interim
dividend and quarterly results on 6th Feb 2018.
Dilip K. Shah Sukhjit Starch and Chemicals Limited (SSCL) is engaged in develop-
Inverted Hammer - Hanging Man and Shooting Star ing, manufacturing and distribution of Maize starch, Liquid glucose, High
Vodafone Idea (Rs. 34.00)
Dear Friends,
Hope you all are doing well...!!!
Technical Analysis (Code:532832) :- This telecom maltose syrup, Monohydrate dextrose, catering to a wide spectrum of
Industries like Food, Paper, FMCG etc. SSCL's manufacturing facilities
player is planning to raise Rs. 25,000
From the last week we started dis-
cussion about various candlestick pat-
From crores through a rights issue to meet are located in Phagwara (Punjab), Nizamabad (Talangana), Malda (West
the challenge posed by Jio and Airtel. Bengal) and Gurplah, Una (Himachal Pradesh).
tern and we cover Dodi with very in Basic to Advance The rights issue can be at a steep Last year Sukhjit announced expansion of the 55 acre Sukhjit Mega
depth detail discount to the current price. Food Park in Punjab.
Today we are going to cover about Hammer and Inverted Hammer and In the last 2 decade sukhjit has announced bonus in the ratio of 1:1 in
Yes Bank (Rs. 213.00) (Code:
Hanging Man and Shooting Star 1994 & 2006
532648) :- The share had witnessed
Both the patterns are reversal pattern and the the place of this pattern is Sukhjit has got un-interrupted dividend track of last 30 years.
sharp correction after the bank's MD
very important for its effect
First we start with Hammer and Inverted Hammer and CEO Rana Kapoor had to step (Code: 533269) :- The company (Code: 500325) :- The company re-
Hammer and Inverted Hammer : This candlestick pattern known as a down due to a family dispute. How- bagged a Rs. 462 crore order from portedly plans to demerge its oil &
downtrend reversal pattern and it should be form at end of the down trend / ever, RBI has appointed MRPL. The space the company op- gas, digital and retail businesses, and
swing If Hammer supported by big bullish candlestick which close above Ravneetsingh Gill as the new MD and erates in can expect some mea- list them as separate entities. This
Hammer High price so we can consider it that, this is a end point of the current CEO with effect from March 1, 2019. sures in the budget. will enable it unlock significant value.
down trend / swing and we can expect upward price movement from this The share has also rallied after the Persistent Systems (Rs. Berger Paints (Rs. 322.00)
price area, if bullish confirmation candle breaks down trend trend line and bank showed better than expected 551.00) (Code: 533179) :- The (Code: 509480) :- Brokerage house
gives a close above the trend line like a Trend Line break out which we growth in net interest income for Q3. board of this mid-cap IT company is Macquarie has upgraded the rating
already discussed in pas issue of Smart Investment so its consider as a Oberoi Realty (Rs. 467.00) slated to meet on January 28 to of this paint sector company and also
double confirmation for the price reversal and the chances of the price up- (Code: 533273) :- Even though Q3 finalise Q3 numbers and to decide increased the target price. The share
ward movement will be high if we get this type of the combination at bottom numbers of this realty company are on share buyback. Positive move- is likely to outperform.
In Hammer and In- lower than expectations, leading bro- ment can be seen in the stock. JMC Projects (Rs. 88.00)
verted Hammer colour kerage house CLSA has reiterated Ujjivan Finance (Rs. 295.00) (Code: 522263) :- The company has
of the candlestick is the 'Buy' rating and upgraded the
not important, place of
(Code: 539874) :- The company has bagged Rs. 507 crore orders for resi-
target price from Rs. 481 to Rs. 543. 522 branches, over 14,300 employ- dential and commercial projects in
the c andles tic k and
Aban Offshore (Rs. 71.00) ees, and 44 lakh customers. The south India. The company's order
confirmation candle-
(Code: 523204) :- ONGC has given company reported 54% rise in net flow in current year has crossed Rs.
stick is very important
It should be form at
orders for two jack-up rigs to this profit for Q3, 30% rise in NII, while 5,000 crores. It is also worth noting
end of down trend then company. The share is likely to be in loan portfolio was up 10.2%. Retail that JMC Projects is a unit of
and then it known as a focus. deposits were up by over 36%. It Kalpataru Power.
Hammer. Walchand Nagar Ind. (Rs. has shown improvement in asset Indag Rubber (Rs. 109.00)
96.00) (Code: 507410) :- Major allo- quality. The share is likely to be in (Code: 509162) :- The company has
Hanging Man and Shooting Star : This candlestick pattern known as
cation is expected in the interim bud- the limelight. recently formed a joint venture with
a Up Trend reversal pattern and it should be form at top of the Up Trend /
get on February 1. This is expected IGL (Rs. 283.00) (Code: Singapore's Sun Mobilis. There is
Swing
to benefit this company. 532514) :- Short covering is being movement in the stock.
If Hanging Man sup- KKC (Rs. 1,221.00) (Code:
ported by big bearis h seen in the stock for the past few Apollo Micro (Rs. 122.00)
532732) :- HDFC Mutual Fund has days. Delivery-based trades are on (Code: 540879) :- The company has
candlestick which close at
acquired more than two lakh shares the rise. bagged a Rs. 13 crore order from
below Hanging Man Low
of this company recently. CESC (Rs. 685.00) (Code: central government owned Bharat
price so we can consider
it that, this is a end point Spice Jet (Rs. 81.00) 500084) :- This Kolkata-based com- Dynamics.
of the current Up trend / (Code:500285) :- The decline in pany is planning demerger of its busi- Disclosures as per SECURITIES AND EX-
CHANGE BOARD OF INDIA (Research Analysts) Regu-
swing and we can expect crude prices, which has led to fall in nesses. This will enable it unlock sig- lation, 2014; • I and / or my clients may have invest-
Down price mov ement ATF prices, has come as a huge nificant value going ahead. ment in this stocks • I/My family have no financial
interest or beneficial interest of more than 1% in the
from this price area, if boost for aviation companies. The Bata (Rs. 1,149.00) (Code: company whose stocks I am recommending • Stop loss
Bearish confirmation candle breaks Up trend trend line and gives a close sector can look forward to some 500043) :- Attraction is being seen is useful for Short / Medium Term investor Only • Smart
Investment will not be responsible / liable for any loss
below the trend line like a Trend Line break out which we already discussed positive announcements in the bud- in the stock in anticipation of approval arising out of investment based on tis advices • Past
in pas issue of Smart Investment so its consider as a double confirmation get. performance may or may not be substainedin future "
for FDI in single brand retail. (Dilip K. Shah) Research Analyst : SEBI Regn No. :
for the price reversal and the chances of the price Downward movement will Va-Tech Wabag (Rs. 292.00) Reliance Ind. (Rs. 1,245.00) INH000002152
be high if we get this type of the combination at the Top of the Up Trend

SME Stocks worth keeping in mind

Some SME stocks were unaf- makes chemicals that are used in

E
fected by the market upheaval. SME several industries suc h as food,
stocks are at new highs in spite of

SM
tyres, cosmetics, and other prod-
the high v olatility . These SME ucts. The share has been going

In Hanging Man and Shooting Star colour of the candlestick is not

stocks could prove to be multi-bag-
gers going ahead.
S on am Cl oc k ( Rs . 3 6. 90 )
Stocks Dilip K. Shah up steadily. The company has an
annual profit of Rs. 6.50 crores.
Those investing in the share can
important, place of the candlestick and confirmation candlestick is very (NSE SME) (Lot size: 3,000) :- 37 as against the issue pric e of expect multi-bagger returns going
important It should be form at Top of the Up Trend then and then it known as Es tablis hed in 2001, this Morbi- Rs . 36. Promoter J ay es h Shah ahead.
a Hanging Man or Shooting Star. Shooting Start is just like a invert positing based company is a leading clock started the company from a small OFS Techno (Rs. 13.25)
of Hanging Man. In Next Week issue, we will discuss about Engulfing Bullish manufacturer. It sells clocks and ro om as a one -m an ope ra tio n. (Code: 539570) (Lot size: 9,600)
and Engulfing Bearish.. mus ic al c lock s under the brand Today, the company employs 650 :- After the bonus issue, the share
names Sonam, AMPM, and Lotus. people. It has emerged as a lead- fell to Rs. 9.25, but has risen to cur-

Scrip Watch -Dilip K. Shah Exports account for 40% of its in-
come. Its produc ts are exported
to Dubai and Iraq. It has an annual
ing clock manufacturer. The com-
pany plans to double its capacity
by the end of 2019.
rent levels. The company has very
strong fundamentals, which can hold
investors in good stead. One can
Ujjivan Financial Services Just Dial (Rs. 481.00) cloc k manufacturing c apac ity of Y as ho o I nd us tr i es ( Rs . get heavy returns by investing in
(Rs. 295.00) (Code : 539874) (Code : 535648) (F. V. : 10.00) 72 lakh units. Its shares were listed 1 25 .0 0) (C od e: 54 11 6 7) ( Lo t the stock in phases.
(F. V. : 10.00) : Ujjivan Financial :- Just Dial has reported strong re- on the exchange on June 14 at Rs. s iz e: 1 ,2 00 ) : - Th e c o mp an y
Services has posted a net profit of sults for the December quarter. The
company's Q3 net profit jumped two- is trading at steep discount to the tive stance on the stock and expect
Rs.10.86 crore on standalone basis on account of operating leverage.
fold, or 100 percent, YoY to Rs 57.3 buyback price. Buy. Buy more at de- the stock to return 7-16 percent after
in the third quarter of FY19, against a Company ’s medium term topline
crore. The company's income in- cline. December quarter
net loss of Rs.38.91 crore in the same growth (low double growth in next
period last year.Total income stood creased to Rs 260.86 crore in the Atul Ltd. (Rs. 3522.00) three years) is expected to be driven earnings.Company's profit for De-
at Rs.13.30 crore against the Rs.1.81 October-December period, over Rs (Code : 500027) (F. V. : 10.00) by growth outlook in diverse end cember quarter dropped 10 percent
crore it posted in the same period last 199.37 crore in the same quarter a :- Atul Ltd, a top integrated chemical markets (mainly automobile, crop year-on-year to Rs 301.3 crore
year. The quarter witnes sed im- year ago.Its traffic, or quarterly unique protection, dyes, and fragrances) and dented by lower other income and
manufacturer, posted another solid
proved growth and building of the visitors, rose 24.8 percent YoY to improved pricing effect for some of higher taxes, but revenue from op-
earnings result with net profit growth
business momentum. Its micro-bank- 134.2 million users. Total Ratings & the products. We are particularly en- erations increased sharply by 21 per-
of 77 percent YoY (year on
ing vertical has picked up. The com- Reviews stood at 91.3 million at the thused by the operating margin and cent to Rs 2,781 crore YoY.the
year).While sequentially sales re-
pany expects the overall growth mo- end of quarter, up 15.5% YoY. Paid expect the company to sustain at EBITDA (earnings before interest,
mained at the same level, on YoY
mentum will continue, leading to 30- Campaigns at the end of quarter least 17-18 percent in the medium taxes, depreciation and amortization)
basis topline grew by 27 percent.
35 per cent AUM growth in FY19. stood at 485,410, up 10.2% YoY and term. Invest. grew 25 percent to Rs 710 crore and
Sales growth was evenly aided by
Retail deposits stand at 36 per cent up 3.1% QoQ. The company has Shree Cement (Rs. margin expanded 90 bps to 25.6 per-
strong growth in life science (27 per-
of total deposits. Given its strong mi- completed buy-back of 27,50,000 cent. Among segments, its cement
equity shares of face value of Rs 10
cent YoY) and performance chemi- 16142.00) (Code : 500387) (F. business showed a 16 percent on
cro-banking book and ex panded cals (28 percent YoY).Performance
each at a price of Rs 800 per share V. : 10.00) :- Shree Cements year increase at Rs 2,559 crore, while
funding options, Ujjivan is comfortably chemicals (2/3rd of FY18 revenue)
for an amount aggregating up to Rs shares rallied 4 percent as broker- power segment rose 44 percent to
placed despite tight liquidity scenario segment witnessed a sequential jump
220 crores from the shareholders on ages remained positive on the stock Rs 502.6 crore YoY.Cement sales
and was able to further reduce its ex- in sales of 8 percent. Gross margins
a proportionate basis. Cash & Invest- after a strong operational show in volumes increased to 5.93 million ton
posure to the CD market. The stock (47.4 percent vs. 47.2 percent in Q2
ments stood at Rs. 1,441.6 Crores December quarter.Most brokerage in the quarter ended December 2018
has been in momentum after results. FY19) improved sequentially.
as on December 31, 2018. The stock houses have maintained their posi- against 5.3 million ton in year-ago.
Buy. EBITDA margin was up180 bps qoq
Accumulate.

Contact : 079-26576639 E-mail : [email protected]

8 th
27 Jan. to 2 Feb. 2019 nd
SMART INVESTMENT

Postal Regd. No. GAMC - 1703/2018-2020 issued by SSP Ahd. Valid up to 31 December 2020
Published on Every Sunday “Permitted to post at Ahmedabad PSO on every Monday (weekly) under
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124 Market trades in negative Expert’s Eye
w w w. c h a r t s a n k e t s t o c k . c o m Dilip Davda
Selling spree can be seen on upward movement zone for the week so far e-mail : [email protected]
(Closing Date: 24-1-2019) After positive start for the week the down side but recovered at the
BSE Index (36195.10) :- It is witnessing selling spree from top of 36701.02. on Monday and Thursday, two days close of the day. Board Meet
It shows overbought to neutral position on daily basis, overbought to neutral negativ e trades of Tues day and As can be seen from the table NTPC (30.01.19)
Wednesday overshadow. The week below, during the week till Thursday, Vishal Bearings (31.01.19)
position on weekly basis and neutral position on monthly basis. On upward
under report turned a shaky week indic es moved in the range of
movement, beyond 36267 it may go up to 36521 with resisting level at 36701.
ahead of derivatives expiry week. 10987.45-10798.65 and 36701.03- Sukhjit Startch (06.02.19)
On the downward movement, below 35996 it my go down to 35940 indicating 35996.68 for NSE Nifty and BSE
This was mainly on account of more Ex-Bonus
weak position and below that it may go down to 35885, 35805, 35725, 35650, negative factors emerging against Sensex respectively.
35565 and 35400. All eyes will be on budget proposals. positive ones. During the week while For the week so far, we wit- Riddhi Corp (25 for 10)
Nifty Future (10877.90) :- It is on sidewave movement between 10984 NSE Nifty failed to see through 11K nessed net weekly LOSS of - (57.15) Sensex gained 192.35 points to end
and 10678. It shows neutral position on daily basis, towards overbought level, BSE Sensex closed above 36K points for NSE Nifty and - (191.51) the day at 36578.96. RIL took the
position on weekly basis and neutral position on monthly basis. On upward for all sessions. No doubt on Thurs- points for BSE Sensex. lead for gains with few more index
movement, beyond 10895 it may go up to 10900, 10930, 10955, 10985 with day in intraday it broke this level on On Monday the week started on based counters support. Mid and
resisting level at 11007. On the downward movement, below 10810 closing a positive note and also closed in Small lcap marked hammering. Auto,
can be considered as weak position and below that it may go down to 10785, Bonus Announcement green. NSE Nifty sc ored 54.90 Metal counters eased while Bank-
10760 with support at 10720. Riddhi Corporate (25 : 10) points to close at 10961.85 and BSE ing, IT, Oil and Gas counters gained.
Bank Nifty Future (27348.05) :- It is moving downward from top of FIIs were net sellers while DIIs were
27784.40. It shows towards oversold position on daily basis, overbought on Dividend Announcement net buyers in cash counters.
Our markets marked opening of
weekly basis and towards overbought on monthly basis. On upward move- Bhageria Ind. (75%), Coromandel Intl (300%), Zensar Tech Tuesday on divergent notes. While
ment, beyond 27450 it may go up to 27530 it may witness resisting level at (50%), Confidence Petro (10%), Rane (Madras) (40%), Reli- Nifty opened on a negative note, BSE
27600 and 27700. (Cont. on P. No. 6) ance Nippon (30%), Shree Cement (250%), D B Corp (20%), started with positive trends. How-
Golden quote :- JM Fin (50%), Kewal Kiran (100%), Kirloskar Pneu (50%), Ori- ever, at the end of the day, both
benchmarks closed in red. While Nifty
Good, Better, Best, Never let it rest ent Paper (50%), Wendt (India) (150%), Edelweiss Fin. (110%), posted loss of 39.10 points
Hatsun Agro (200%), Sagarsoft (10%),Sharda Cropchem (20%)
Til, your good is better and your better is best (Cont. on P. No. 6)

Terrific Shots - Dilip K. Shah Smita N. Zaveri

L&T Infotech (Rs.1750.00) are cheaper compared to the com- ning to provide home to everyone in
the country and has allocated bud-
Bharat Gears, HUDCO, SH Kelkar, Time Techno
petitors in the market. The stock can
(Code:540005) :- The subsidiary witness bullish trend after Decem- get for developing new cities so the Bharat Gears (Rs. 168.00) (Code: 505688) :- Shares of this
of L&T came up with IPO at price of ber quarter results. low c os t housing companies of auto parts company are listed in the B Group, and have face value of Rs. 10.
Rs710 in July 2016 but its listing was smaller cities may get benefit of the The shares touched a 52-week high of Rs. 221 and low of Rs. 141. Pro-
disappointing and stock remained at
Eld eco Housing
same. As the equity is very small, moter holding in the company is 54.85%. For the year ended March 2018, it
lower than offer price. However, as (Rs.1672.00) (Code: 523329)
the volume will also be small still the reported income of Rs. 514 crores, profit of Rs. 6.30 crores, and EPS of Rs.
the valuation become attractive it wit- :- The company was set up in 1985
stock may witness spurt within a 7.93. For the December quarter, income rose 20% to Rs. 155.27 crores,
nessing buying from funds and the and it has presence in big cities of
year. It paid 125% dividend for 2018. while net profit went up by 68% to Rs. 4.73 crores. Quarterly EPS was Rs.
stock has doubled at lower level. In UP. It is active in commercial, resi-
December quarter, the company's dential and industrial real estate GNA Axles (Rs 334.00) 5.81. A leading player in gear market, the company also has presence in US
inc ome has increased from projects. As against equity of Rs1.97 (Code:540124) :- Auto parts and and European markets. Its product portfolio comprises ring gears and pis-
Rs1883.8 crore to 2472.9 crore, while crore, the company has reserves of equipment sector company is a lead- tons, transmission gears, and shaft gear boxes. It has three manufacturing
profit has increased from Rs282.7 Rs 146.02 crore. The company 's ing manufac turer of real estate plants, and its clients include Tata Motors, New Holland Tractors, John
c rore to Rs 375.5 c rore. It paid September quarter res ults were shafts and Spindale. It has its units Deere, VST Tractors, Carraro, TMA, TDI, etc. Trading at a PE of 9, the
1655% dividend for 2017 and 2150% good. In this quarter, the company's in Hos hiyarpur in Punjab and stock is likely to cross the 52-week high in the short to medium term.
dividend for 2018 and 1250% divi- income increased from Rs33.4 crore Gulabgadh near Kapurthala. The HUDCO (Rs. 43.00) (Code: 540530) :- Shares of this housing
dend for 2019. Still the huge holding to Rs66.4 crore, while profit 5.85 company is planning to enter into 5UV
finance company are listed in A Group and have face value of Rs. 10.
is with L&T and floating stock is very crore to Rs8.02 crore with EPS of ex cel shafts manufacturing. The
Promoter holding in the company is 89.81%. The company has a market
limited. The company's valuations Rs40.79. The government is plan- company's client list include M&M,
Jholdir, Fullota Corporation, Daimler,
cap of Rs. 8,948 crores. It has equity of Rs. 2,002 crores, net-worth Rs.
9,822 crores, and debt of Rs. 34,056 crores. Total assets are at Rs. 43,848
Technical Trading Trends Eicher Kerache, etc. In December
quarter, the company witnessed net
profit of Rs17.95 crore on income of
crores. For the year ended March 2018, it reported income of Rs. 4,075
crores and profit of Rs. 799 crores. For December2018, its profit went up
Parag Salot : M. : 91-9930011789 (SEBI Registered Research Analyst)
Rs246.25 crore with EPS of Rs8.36. 27% from Rs. 258.68 crores to Rs. 328.26 crores. Income was up from Rs.
Nifty Overview : On Thursday, Nifty closed at 10877. Ahead of The stock is being traded at PE of 1,102 crores to Rs. 1,319 crores. This PSU had entered the capital market
Expiry, Nifty is in a range. The range is wide from 10700 to 11000 levels. 11.51. in May last year by issuing shares at Rs. 60. While its competitors' shares
For now Nifty resistance is at 10970 levels and if it cross above 10970 Reliance Industries Ltd are trading at a PE multiple of 21, HUDCO shares are quoting at just six
then it can touch 11040 levels. Nifty support is at 10770 levels. If it closes times the earnings. The company is expected to benefit from the
below 10770 then Nifty can be more weak. (Rs.1245.00) (Code:500325) :-
Integrated Oil and Gas sector com- government's focus on infrastructure. It can be seen touching fresh 52-
Bank Nifty Overview : On Thursday, Bank Nifty closed at 27348. week high price in 2-3 quarters.
pany announced 60% dividend last
Bank Nifty resistance is at 27500 levels. If it crosses 27500 then can touch SH Kelkar (Rs. 168.00) (Code: 539450) :- Shares of this per-
year.
27750 and if sustains 27750 then can see more upside. Bank Nifty support
(Cont. on P. No. 6) sonal products maker are listed in the B Group.
is at 27100. If it breaks 27100 then can touch 26880 and if sustains those (Cont. on P. No. 6)
levels then can go further down.

Last Recommendation Review Commodities Chart & Levels Bharti Joshi CFA,
Scrip Name BSE Buy/ Enter Did High/ Remark SEBI Registered Research Analyst / www.multibaggers.co.in

Code Sell at Low

HDFC Bank 500180 Buy 2123 2170 Target Achieved CRUDE OIL :- After taking one way move of almost
Lupin 500257 Buy 852 872 Target Achieved 900 points, crude oil has taken resistance of 3900. Crude
MGL 539957 Buy 900 921 Target Achieved oil is trading in sideways direction from past few trading
Bata India 500043 Sell 1176 1147 Target Achieved
sessions. Its trading in range between 3902-3670, in near
Muthoot Finance 533398 Sell 549 543 Did Low
terms both this levels will act as strong support and resis-
Trading Buy tance. Above 3900 we could see move up to 4150 and below
Scrip Name BSE Last Enter at 1st 2nd Stop 3670 we could see down move up to 3500.
Code Close Between Tgt. Tgt. Loss
CESC 500084 683 670/675 685 695 660 SILVER :- Silver is trading in
Dish Tv 532839 33.55 33 35 37 31.5 pure sideways from last one month,
Infratel 534816 263 254/257 265 275 249 its trading in range of 39770 to
Lupin 500257 869 855/860 870 880 848 38601. We could expect demand
NMDC 526371 90.7 88/90 93 96 86.5 coming around 38600 as its short
Reliance Capital 500111 213 202/205 215 230 195 term trend is bullish only, it silver
RPower 532939 28.85 27/28 30 32 26 fails to take support then we could
Tata Motors 500570 176 170/175 185 195 165 see down fall moving up to 37200.
Tata Motors DVR 570001 93 98 103 110 95
Trading Sell GOLD :- Gold is trading in
Scrip Name BSE Last Enter at 1st 2nd Stop sideways to upward direction only.
Code Close Between Tgt. Tgt. Loss We could see momentum loosing
Biocon 532523 670 700/705 690 670 715 below it short term trend line if its
Infy 500209 735 760/765 745 725 775 breaching around 31950, below
Muthoot Fin 533398 542 555/560 545 535 565 this level we could see drawdown
Wipro 507685 351 365/370 355 345 376 up to 31460. On higher side 32300
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
will act as strong resistance.
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

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