Only Financial Weekly Published in

English & Gujarati Language

Editor : Dilip K. Shah

ARCHI PUBLICATIONS
311 to 313, Nalanda Enclave, Pritamnagar 1st Dhal, Ellisbridge, Ahmedabad-6. GUJARAT, INDIA

Phone : 079 - 2657 66 39

Fax : 079 - 2657 99 96

E-mail :
[email protected]
[email protected]

web : www.smartinvestment.in
 Subscription Chart
E-mail Edition (Soft Copy) (Every Saturday)
Smart Investment Weekly 1 Year 2 Years 3 Years
1. Gujarati Edition 1800 3200 4500
2. English Edition 1100 1850 2650

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

(Every Sunday) * For Private Circulation only
News Letter 1 Year 2 Years 3 Years
1. Smart Plus 1400 2500 3300

Combined Package for Weekly & News Letter

Guj. & English Weekly E-Copy (Every Saturday)
With Smart Plus News Letter (Every Sunday)
1 Year 2 Years 3 Years
1. Gujarati + Smart Plus 2700 5000 7400
2. English + Smart Plus 2100 3900 5400

Contact : 079-26576639 (M) 9825006980

[email protected] , [email protected]
: : : Bank Details : : :
HDFC Bank : Current A/c No. : 00062560008858
Beneficiary Name : Archi Publications
RTGS / NEFT IFSC : HDFC0000006
Navrangpura Branch, Ahmedabad-380009.
 Warning :- Your soft Copy (E-mail Edition) is for your exclusive use only. Any attempt to share your copy
or forwarding your copy to a non-subscriber will disqualify your membership & we will be compelled to
stop your supply and forfeit your subscription thereafter without any refund to you.
:: Shree Ganeshay Namh ::
Only Financial Weekly Published in English & Gujarati Page
48

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

VOL : 12 • Issue No: 49 RNI No : GUJENG / 2008 / 24320 19th Jan. 2020 to 25th Jan. 2020

FII Activity (Rs. in Cr.)

Date Buy Value Sell Value Net Value
13-01-20 4883.87 4815.63 68.24
14-01-20 4880.95 5086.51 -205.56
15-01-20 6026.82 5747.29 279.53
16-01-20 4758.32 5153.56 -395.24
17-01-20 6609.58 6345.32 264.26
TOTAL 27159.54 27148.31 11.23
DII Activity (Rs. in Cr.)
Date Buy Value Sell Value Net Value
13-01-20 4593.38 4546.21 47.17
14-01-20 3934.36 4576.83 -642.47
15-01-20 3897.86 4546.2 -648.34
16-01-20 3686.43 3871.08 -184.65
17-01-20 3615.43 4115.6 -500.17
TOTAL 19727.46 21655.92 -1928.46
Most Popular Webstie for the Stock Market Investors
www.smartinvestment.in
Caution : Please note that your copy/access to our website is for your exclusive use only. Any attempt to share your
access to our website or forwarding your copy to a non-subscriber will disqualify your membership and we will be
compelled to stop your supply and forfeit your subscription thereafter without any refund to you.

Please send your Subscription as early as possible if you want to read or download these
48 pages E-mail Edition of Smart Investment (Financial Weekly)
Click on our previous Edition of Smart Investment for Free Sample (Demonstration)
For More Detail E-mail to: [email protected]
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 4
INVESTMENT

8 things you should look for in the

quarterly results announcement
Mr. Siddhartha Khemka,
Head – Retail research Motilal Oswal Financial Services

Indian corporate regulations require listed Indian companies to ?le their quarterly results with
the stock exchange on a regular basis.Quarterly results are a very important way to judge the
ongoing performance of the company. Today companies not only give out quarterly results with a
comparison on YOY basis, but they also give the guidance for the next few quarters. So how to
analyse quarterly results and how to read quarterly results of a company? Let us look at the 8 key
cues to look for in these quarterly results.
1. Top line growth and guidance :- The growth in top line comes from volumes or
from pricing. The former means that the business is picking up at a ground level while the latter
relates to pricing power of the company and its position within the industry.
2. Profit growth and guidance :- Net prots tend to be extremely price sensitive in a
quarterly result. In fact, the market prices tend to react immediately to any sudden shifts in the
earnings pattern. What matter are not just the absolute pro?ts, but also the net pro?t number rela-
tive to the analyst expectations.
3. Quality of earnings for the quarter :- While earnings determine the price, it is
quality of earnings that decide the valuation of the company. For example, if a temporary rise in
prices has spurted the growth then it is not sustainable.
4. Comparison on a YOY basis and on a QOQ basis :- YOY growth compari-
son captures the seasonality of operations better. However, in case of sectors that are seeing rapid
changes, QOQ also needs to be looked.
5. Guidance versus performance for last 4 quarters :- Most companies give
guidance for the next few quarters to make a statement of the future plans of the company. Watch
the guidance closely as it lays out the strategy of the company for the next one year.
6. Look out for management warnings and audit qualifications :- Read
the ?ne print of the announcement and also read between the lines of the management interviews
for important insights. Also keep a tab on any major management change that has happened dur-
ing the quarter.
7. Operating profits trend and operating margins :- The operating pro?t trend
is very critical as it shows how much the company is generating from its core operations. This gives
you an idea of how much of the business is actually sustainable.
8. Shareholding pattern and pledge data :- Too much of insider selling in the
stock during the quarter is a matter of worry. Also excessive share pledging of shares of promoters
makes the stock vulnerable.
Analysts should gather the cues progressively rather than focusing on just profits and
growth.
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 5
INVESTMENT

Of DMart and TCS…

By Vijaya Kittu M, GetPaidIndia.com
The author feelsthat investors should review the quarterly results of their invested com-
panies and make changes to their investment strategy appropriately. Readers can reach
him on WhatsApp at +91 98495 19188.
1. Avenue Supermart (DMART) :- "Everyday low cost - Everyday low price" - the
business model of DMART seems to be working out so well at a time when the economy is slowing
down. The operating performance of the company is excellent, as reflected by a healthy increase
in operating profit and OPM after taking into account the recent Q3 FY1920 results. EPS for Dec
2019 is at Rs. 6.30. Opening large-size stores have dropped revenue per sft metrics. The average
store size was 35,000 - 36,000 sq. ft. The new stores added last year are sized around 55,000 sq.
ft. Dmart now operates 196 stores with seven stores added in Q3, and 20 stores added during the
nine-months of the year. Dmart is a large-cap, medium-risk, high-return, medium-beta expensive
star with a fair value at Rs. 1408. The non-stop rise in stock price is taking valuations to very
expensive zones is leaving very little headroom for upside according to fundamentals. Long-term
investors can continue doing stock SIP.
2. Tata Consultancy Services (TCS) :- TCS reported a "seasonally weak" flattish
Q3 numbers. Revenue grew 6.7% YoY while Net Profitstood at Rs. 8118 crores - a growth of a
mere 0.28% YoY. OPM stood at 25% while the Net Margin is at 20%. EPS is at Rs. 21.63. An
interim dividend of Rs. 5 per share is announced. January 25, 2020, is the record date, and the
dividend payment will be on January 31, 2020. Life science & healthcare and Communications &
Media segments showed good growth. Europe and MEA geographies showed increased busi-
ness. Total headcount for the nine months stood at 22,390 taking the total number of employees to
4,46,675. Attrition rate is at 12.2% LTM. The street is a bit disappointed with the numbers and there
will be a knee jerk reaction on Monday when the markets open. TCS fair value stands around Rs.
1640 levels which means that the valuations are very expensive according to fundamentals. The
availability of Infosys at attractive valuations and the recent brokerage upgrades given to Infy will
make it and attractive alternative. No surprises if some investors flock from TCS to Infy for the short-
term atleast. However, long-term investors of TCS hardly worry having known the continuous ef-
forts it puts in emerging areas such as digital services and disruptive technologies. This expensive
rocket is a low-risk medium-return and medium-beta stock. The stock is consistently beating the
index by a decent margin over different time frames.

Avoid financial accidents! Become an empowered investor

Learn the Art of Investing by attending our learning session near you.

Webinar (Sundays of Feb 2020); Chennai (Mar 2020)

To register for our seminar, WhatsApp to +91 98495 19188
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 6
INVESTMENT

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

City Agent’s Name Mobile No. Landline No.
Ahmedabad Pocket Book Centre 098240 77668 079-25508732
Vinod Agency 098982 18921 079-25510104
Mohsin Mansuri 098250 35928 079 - 25350794
Anand Mistry News Agency 098251 73432 02692 - 251032
Iliyas Book Stall 091733 95801
Akola Vishnu Book Seller 072424 39444
Baroda Shreenath News paper 098982 40228 9106956769
Bhuj Modern Book Centre 9427434752 --
Baroda A.G. Vora & Co. 098240 95716 --
Bhavnagar Prem News Agency 094289 90615
Bharuch Falgun News Agency 098792 37236
Gandhidham A.H. Pandya 098252 37212 02836-220212
Jodhpur Sarvoday Book Stall 8107589141 0291-26533734
Jamnagar Paras News Agency 9426453636 2679597
Mehsana Mahalaxmi Pustak Bhandar 098256 36988 9428458678
Prakash Book Stall 8849416545
Mumbai Ashokbhai 9833831803
Mumbai -Matunga Alengo Book Stall 9870277195 --
Navsari Jaydeep News Agency 098983 59235
Nadiad Nadiad Rly. Book Stall 087349 55156
Rajkot Thakkar News Aghency 099241 33518 0281-2233518
Surat Surat Book Centre 0 98790 44220 0261-2431158
Udaipur Kailash Book Center 098291 36695 0294-2561145
VAPI Om News Agency 099242 84109
Valsad Paresh News Agency 091733 59444

More detail about Subscription

http://www.smartinvestment.in/subscribe.php?typ=subscribe
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 7
INVESTMENT

Rapid Fire Stocks

Kalpna J (Email- [email protected])

(Ring : 97690 37711) Twitter : @Kj_TechTrades

Last week performance of rapid fire stocks

Bata - 1755 to 1802
Torrent pharma - 1899 to 2002
Berger paint -512 to 566

L&T (Rs. 1304.00), Targets - 1550 - 1750,

Time Frame - 5 to 24 Months ( Accumulate in Dips)
India’s largest E&C company with interests in Projects, Infrastructure Development, Manufac-
turing, IT & Financial Services
Larsen & Toubro Limited, commonly known as L&T, is the largest Indian multi-national firm
headquartered in Mumbai, Maharashtra, India. It was founded by two Danish engineers taking
refuge in India.
Larsen & Toubro Limited (‘Larsen & Toubro’ or ‘L&T’) is a USD 17 billion technology, engineer-
ing, construction, projects, manufacturing and financial services conglomerate, with global opera-
tions. It addresses critical needs in key sectors – infrastructure, construction, defence, hydrocar-
bon, heavy engineering, power, shipbuilding, aerospace, electrical & automation, mining and met-
allurgy. L&T’s integrated capabilities span the spectrum of ‘design to deliver’ solutions. Over seven
decades of a strong, customer-focused approach and a sharp focus on world-class quality have
enabled it to maintain a leadership position in its major lines of business.
The Company has manufacturing facilities and offices in several countries, and a global supply
chain. It delivers landmark projects and products, helping clients in 30 countries to create long-
term progress and economic growth. Characterised by professionalism, high standards of corpo-
rate governance and sustainability, L&T continues to evolve, seeking better ways of engineering

Cont...
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 8
INVESTMENT

Rapid Fire Stocks

Get Expert tips on Share Trading
With Personal Assistance for your Trades
and Capital Protection at a Very Nominal Cost
Let the Experts Guide Whatsapp
you towards the @
journey of Profits !
9769037711
to meet emerging challenges.
Highlights
• Currently executing metro projects across 10 cities in India – as well as major portions of the
Riyadh and Doha Metros
• Development of India’s largest Transit Oriented Development project in Hyderabad
• Commissioned India’s largest city surveillance project (5000 cameras at 1500 locations) in
Mumbai
• Implementation of modules of Smart Cities Programme in Mumbai, Jaipur, Nagpur, Pune,
Hyderabad and more…
• Currently building the world’s longest extra-dosed bridge over the Ganges at Patna, Bihar
• Executing the largest private sector defence order for Artillery Systems – for the manufacture of
155 mm / 52 Cal Self Propelled Tracked Guns
• Played a role in building 19 of India’s 22 nuclear reactors and is involved in all 9 reactors under
construction
• Currently building the world’s largest high-vacuum pressure chamber, the Cryostat, for ITER
• Delivered 8 reactors for the Refinery and Petrochemical Integrated Development (RAPID) project
for Petronas, Malayisa
• After the successful moon and Mars missions, L&T also partnered ISRO in the launch of 104
satellites in a single mission
• Played a vital role in the execution of ONGC’s first Deepwater project - the Vashishta & S1
subsea project

Cont...
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 9
INVESTMENT

Kotak Mahindra Bank Ltd. Buy at CMP - 1698,

Targets- 1777-1900, Time Frame - 6-18 Months, SL - 1480
( Add All in Dips )

Category No. of shares Percentage

Promoters 572,465,964 30.06
Foreign Institutions 750,680,498 39.41
Others 221,287,834 11.62
General Public 189,629,524 9.96
NBFC and Mutual Funds 133,413,641 7.00
Financial Institutions 37,226,319 1.95
Kotak Mahindra Bank Ltd is one of the fastest growing bank and among the most admired finan-
cial institutions in India. The Bank offers transaction banking, operates lending verticals, manages
IPOs and provides working capital loans. They have one of the largest and most respected Wealth
Management teams in India, providing the widest range of solutions to high net worth individuals,
entrepreneurs, business families and employed professionals. The Bank has over 245 branches,
a customer base of over 8 lakh and has spread all over India.
The Bank offers complete financial solutions for infinite needs of all individual & non-individual
customers depending on the customers need - delivered through a state of the art technology
platform. They also offer investment products like Mutual Funds, Life Insurance, retailing of gold
coins and bars etc. Apart from Phone banking and Internet banking, they offer convenient banking
facility through Mobile banking, SMS services, Netc@rd, Home banking and BillPay facility among
others.
The bank has overseas subsidiaries with offices in Mauritius, London, Dubai, Singapore, New
York & San Francisco. The overseas subsidiaries are mainly engaged in investment advisory and
investment management of funds, Equity & Debt Trading, management of GDR/ FCCB issuances,
broker & broker dealer activities and investments.

Cont...
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 10
INVESTMENT

Axis Bank (Buy at CMP : 739)

Target - 930 to 985, SL- 623, Time Frame 5 to 24 Months
( Add in All Dips )
Axis Bank is the third largest private sector bank in India. The Bank operates in four segments, namely
treasury, retail banking, corporate/ wholesale banking and other banking business. Axis Bank was incor-
porated in the year 1993 with the name UTI Bank Ltd. Axis Bank is one of the first new generation private
sector banks to have begun operations in 1994. The bank was promoted in 1993, jointly by Specified
Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation
of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New
India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Com-
pany Ltd.
The treasury operations include investments in sovereign and corporate debt, equity and mutual funds,
trading operations, derivative trading and foreign exchange operations on the account, and for customers
and central funding. Retail banking includes lending to individuals/small businesses subject to the orienta-
tion, product and granularity criterion. It also includes liability products, card services, Internet banking,
automated teller machines (ATM) services, depository, financial advisory services, and non resident Indian
(NRI) services. The corporate/wholesale banking segment includes corporate relationships not included
under retail banking, corporate advisory services, placements and syndication, management of publics
issue, project appraisals, capital market related services, and cash management services. The Banks
registered office is located at Ahmedabad and their Central Office is located at Mumbai. With 3,485 domes-
tic branches (including extension counters) and 14,332 ATMs across the country as on 30 September
2017, the network of Axis Bank spreads across 2,033 cities and towns, enabling the bank to reach out to a
large cross-section of customers with an array of products and services. The bank also has nine overseas
offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai and Colombo; representa-
tive offices at Dubai, Abu Dhabi and Dhaka and an overseas subsidiary at London, UK.The Bank has five
wholly-owned subsidiaries namely Axis Securities and Sales Ltd, Axis Private Equity Ltd, Axis Trustee
Services Ltd, Axis Asset Management Company Ltd and Axis Mutual Fund Trustee Ltd
Augmentation of equity share capital would enhance the bank’s ability to absorb large write-downs on
distressed asset exposures. Revenue and operating profit should see stronger growth of 19% and 20%
CAGR respectively over FY19-20E. It is expected to register 17% loan book CAGR over FY18-20E on
account of strong retail segment growth. The bank's focus on high rated corporate accounts and reduction
in watchlist (1.8% of advances) to strengthen its asset quality. Credit costs to remain elevated in 1HFY19E
and normalize in 2HFY19E are likely to decline in FY20E, driving significant improvement in profitability. We
expect recovery in ROA and ROE of 90bps to 1.4% and 970bps to 15.4% respectively over FY18-20E. The
bank’s NII to post 21.7% CAGR over FY18-20E and NIM to stabilize at 3.6% by FY20E. The stock is
currently trading at 1.89x FY20E P/BV.
Axis Bank’s loan mix as of Q1FY19 consisted of corporate, retail segment and SMEs contributing ~39%,
~48% and ~13% respectively. For Q1FY19, Axis Bank’s loan book stood at ~Rs4.4 lakh cr; GNPA was at
6.52%; NNPA was at 3.09%; net interest margin was 3.46% and capital adequacy ratio was at 16.71%

****
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 11
INVESTMENT

Smart SME Stocks - Dilip K. Shah

SME Stocks worth Keeping in Mind

Mahickra Chemicals (Rs. 90.60) (NSE SME) (Market Lot: 3000 shares)
:- Ahmedabad-based Mahickra Chemicals was established in 1994. It is engaged in the business
of production and trading of reactives. It makes various kinds of reactive dyes, which are used in
textiles and garments. Its plant is situated in Ahmedabad. The company had issued 21 lakh shares
at Rs. 25 apiece in April 2018 and raised Rs. 5.25 crores. The shares were listed at Rs. 35 apiece.
The shares touched a 52-week high of Rs. 93.50 and low of Rs. 37.20. Recently Company an-
nounced that 1stExtra Ordinary General Meeting for the Approval of Issue of Shares on Preferen-
tial Basis held as on 8th Day of November, 2019 In-principle approval as on 7th Day of January,
2020 from National Stock Exchange Of India Limited for issue of 8,88,000 Equity Shares at Rs.70/
- Per Share (Rs.10/- Face Value + Rs.60/- Premium) aggregating Rs.6,21,60,000 (which includes
Premium of Rs.5,32,80,000) Company going to invest in the purchase of new Immovable property
Plot. Intend to expand range in Pigment Powder, Pigments Paste, Auxiliary Chemicals and other
Dyestuffs.
Earum Pharma (Rs.44.00) (BSE Code: 542724) (Market Lot Size: 3000
shares) :- Ahmedabad-based pharmaceutical company, set up in 2012, has been active in
trading, marketing and distribution of pharmaceutical formulations products. It owns 125 drug for-
mulations including multi vitamins, gynecological, drops, steroids, anti-biotic, etc. It is also active in
Active Pharmaceutical Ingredients (API). The company has its warehouse in Ahmedabad and
presence in India, South-East Asia, Latin America and Africa. It came up with Rs.6.65 crore IPO at
price of Rs36 on June 21, 2019, which got listed at Rs36. The stock prices have remained between
Rs81 and Rs33. It may witness growth in share value along with growth in volume.
Orissa Bengal Carrier (Rs.41.00) (BSE Code: 541206) (F.V.10) (Market
Lot: 2000 Shares) :- The company was set up in Raipur Chittorgadh in 1994. It is IBA ap-
proved transporter and has obtained ISO-9001 certificate. It provides services to steel, coal, ce-
ment, aluminum, petrochem, marble, infra and FMCG sectors. It has 45 branch offices. It came up
with IPO with offer price of Rs30. The stock got listed on April 5,2018 at price of Rs31.90. The stock
prices went up to Rs60 and down to Rs36 during the one year since listing.
Marine Electricals (Rs.101.50) (NSE SME) (Lot Size: 2000 shares) :- The
company was set up in Mumbai in 2007. It provides electrical solutions in marine and non-marine
sectors. It has relations with Schneider and Siemens. It has a manufacturing unit in South Goa. It came
up with IPO at price of Rs66 and got listed on October 11, 2018 at price of Rs66.60. Since then the stock
prices have gone up to Rs123. The stock can be considered from long term investment.
Worth Peripheral (Rs.65.00) (NSE SME) (F.V.10) (Market Lot :1500 shares)
:- The company set up ti 1996 is active in manufacturing of corrugated box. It has two manufacturing
units at Pithampur-Dhar in Madhya Pradesh. The company is benefitted from higher growth in retail,
pharma, beverages and textile sector. It raised Rs18.28 crore in September 2017 by offering shares at
price band of 40-43. The stock got listed at Rs51.60. It has been between Rs76 and Rs39 in 52 weeks.
The book value is Rs49.93 and market cap is Rs71.12crore. It can be considered for long term.
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

SMART 19th January 2020 to 25 th

January 2020 12
INVESTMENT

SMART
BUY OF THE WEEK
Dark Horse

PRESSMAN ADVERTISING
(509077& NSE) (28.25)
(Face Value Rs.2)
Incorporated in 1983, Kolkata based Pressman Advertising Ltd. op- Dividend History
Date % Rs.
erates as an advertising agency. The company specializes in media 19/08/2019 70 1.4
23/08/2018 70 1.4
planning and buying, design, digital, and public relations. It offers cor- 07/09/2017 65 1.3
16/03/2016 60 1.2
porate, brand/product, financial, and government advertising services. 28/07/2015 55 1.1
27/08/2014 50 1
The company also provides public relations consultancy services, such 11/09/2013 40 0.8

Cont...
 Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 13
INVESTMENT

as corporate communications, marketing communications, financial communications, media rela-

tions, analyst relations, crisis communications, and digital communications. It has an equity base
of just Rs.4.70crore that is supported by reserves of around Rs.32.70crore. It is debt free company.
The Promoters hold 47.19% while the investing public holds 52.81% stake in the company. During
H1FY20, its net profit stood to Rs.3.27crore on sales of Rs.17.17crore fetching an EPS of Rs.1.39.
Pressman Advertising Ltd. has restructured its operations in the first half of the year and this is
expected to have significant positive impact in its performance during the second half of the current
fiscal. Currently, the stock trades at a P/E of just 11x. Its recent high rate was Rs.88 which was
formed in Nov 2017. Stock almost corrected 68% from recent high. PAL is a regular dividend pay-
ing company and it paid 70% dividend for FY19 and current level dividend yield is around 5%
which is highly attractive. Stock has given strong break out on weekly and monthly chart. Investors
can accumulate this stock with a stop loss of Rs.21. It may give very good returns in medium to long
term.

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

SRF 3624.00 SBI 323.00
Music Broadcast 26.50 Power Grid 197.00
Godrej Agrovet 564.00 Bharti Infra 218.00
NTPC 121.00 Heidelberg Ce. 95.00
Venkys 1811.00 Cadila HC 269.00
NIIT 103.00 Sagar Cement 563.00
L&T 1304.00 Yes Bank 39.00
BEL 108.00 Gautam Gems 105.00
Amber Enterprise 1325.00 Motherson Sumi 139.00
GNFC 197.00 Varroc Engg. 491.00
Britannia 3127.00 Axis Bank 739.00
Nalco 46.50 APTECH 173.00
Mphasis 897.00 Shriram Trans. 1087.00
Jayshree Tea 57.00 Hatsun Agro 603.00
Va-Tech Wabag 225.00 IDFC First Bank 43.00
Malu Paper 35.00 New India Ass. 163.00
Voltas 705.00 Just Dial 584.00
Super House 97.00 A.B. Fashion 235.00
Sun Pharma 454.00 Future Retail 350.00
Murudeshwar Cera. 21.00 Deepak Fert. 115.00
Siemens 1588.00
Liberty Shoes 156.00 Chambal Fert. 175.00
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 14
INVESTMENT

Stock Buzz
Subramanian Mahadevan
[email protected]

Birlasoft Limited (Rs.73)

Rebooting Digitally!
Birlasoft Limited (BSOFT) - is a newly born and recently listed ~$500 million mid-tier IT com-
pany through reverse listing process (composite scheme of merger and demerger deal signed
between listed KPIT Technologies and unlisted Birlasoft in Jan 2018) and part of growing US$1.8
billion CK Birla group that has a history of enduring relationships with renowned global compa-
nies. With over 20,000 employees, 41 manufacturing facilities, 21 service delivery locations and
numerous patents and awards, the Group's businesses are present across five continents, operat-
ing across six industries: Automotive, Technology, Home and Building, Infrastructure, Healthcare
and Education with customer base includes some of the world's best-known companies and we
also enjoy partnerships with several global leaders.The IT Business (Birlasoft Ltd. post demerger)
will mainly focus on the Manufacturing, BFSI and Media Verticals
with ERP, digital technologies, product life cycle management, ADM and IMS as the primary
practices.It is clearly evident that consolidation already started from Indian context and things like
Automation, IP lead solutions, Digital has taken the game away from traditional system integration
and ADM business. Few more listed companies in India like NIIT Technologies &Hexaware (owned
by PE Baring Asia), Mphasis (private equity Blackstone owned) will soon become an acquisition
or merger target for companies like Birlasoft, L&T Infotech - owned by Indian infrastructure behe-
moth L&T and acquired its rival through hostile takeover of MindTree Technologies or Zensar
Technologies (RPG group and private equity Apax Partners owned) as latter are interested in
pursuing both size and scale for a larger presence.Also typically private equity players do not stick
with the acquired company for more than three to five years and double digit growth in general for
this industry is hard to come by due to significant headwinds barring rupee weakness. Birlasoft -
from a size of $100 - 120 million topline where even a low single digit growth was a distant dream
between 2013 thru 2017, one well planned and nicely executed EPS accretive acquisition has
vaulted the company into mid-tier IT league for a larger pie of the IT Digital business across US,
Europe and rest of the world. Recent $240 million deal with US based Invacare which manufac-
tures wheelchairs, bariatric equipment, disability scooters, respiratory products and other homecare
productsinstills enough confidence that it has already joined the mid-tier and has large potential to
win more similar deals. Accumulate right now for double digit returns as current market cap is less
its FY20E topline.
- Subramanian Mahadevan
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 15
INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
[email protected]

FASTEN YOUR SEAT - BELTS

MID-CAPS FINALLY OUTSHINE :- After a performance draught of almost two and half years,
the Mid-Cap and Small-Cap Rally has finally taken flight, much to the delight of the market partici-
pants. In the past week, the Mid-Cap50 Index went up by more than 4%, superbly outperforming
the Nifty which was up by less than 1%. This out-performance is likely to continue which will re-
duce the divergence between the Nifty and Mid-Cap50 Index. Nifty was stopped in its rally by the
strong Rising Trendline (12389) of past two years. A close above this Trendline will propel the
Nifty towards target of 12751. Despite the upward trajectory in Nifty, the focus should be on stock
selection in the Mid-Cap and Small-Cap arena as those stocks are likely to give strong percentage
out-performance.
TECHNICALLY SPEAKING :- Sensex opened the week at 41788, made a high of 42063, low
of 41648 and closed the week at 41945. Thus it closed the week with a gain of 346 points. At the
same time the Nifty opened the week at 12296, made a high of 12389, low of 12278 and closed the
week at 12352. Thus the Nifty closed the week with a gain of 96 points.
On the daily charts, both the indices have formed white body Spinning Top on Friday. As a
matter of fact, last four days have formed neutral formations. On the weekly charts, both Sensex
and Nifty have formed small white body formation on the lines of a Star formation but with slightly
bigger body. Thus daily as well as weekly formations are neutral and suggest a bullish bias.
Past week, on last four days the Nifty was halted by a Rising Trendline (12389) obtained by
joining two previous tops over last two years. For Nifty it is acting as an immediate Resistance
whereas the case with the Sensex is slightly different. Sensex is well above the concerned Trendline
(41413) and hence that Trendline is acting as Support.

This Weeks Recommendations

Rec. Name CMP SL TGT-1 TGT-2
Buy Maruti 7520 7421 7678 7839
Buy Dr.Reddy 3034 2991 3099 3167
Buy Surpeme 1289 1262 1333 1381
Buy Polycab 1108 1090 1138 1171
Buy Glenmark 359 353 369 380

:::: INDEX LEVELS ::::

S3 S2 S1 CLOSE R1 R2 R3
NIFTY 12005 12118 12244 12352 12484 12604 12751
SENSEX 40736 41132 41447 41945 42428 42850 43142
Cont...
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 16
INVESTMENT

Once the Nifty closes above the Rising Trendline, both the indices will head towards their Bull-
ish Cup & Handle target which is at Sensex 42895 and Nifty 12751. Failure point will be a close
below Sensex 38718 and Nifty 11490. Higher term Sensex target remains at 44700 and Nifty at
13500.
On the down side, strong Support will be seen in the form of Bullish Gap between Sensex
41175-40866 and Nifty 12132-12044. A break of this Gap support will lead the indices towards a
more critical Bullish Gap Support between Sensex 40490-40466 and Nifty 11934-11923. It has
been tested successfully and it has provided strong Support. A break of this more critical Support
will put the higher bottom (Sensex 40476 and Nifty 11929) in jeopardy and can result in a Trend
Reversal.
This week, both the indices remained and closed above the short term average of 20dma (Sensex
- 41485 and Nifty - 12226), the medium term average of 50dma (Sensex - 41011 and Nifty - 12091)
as well as the long term average of 200dma (Sensex - 39118 and Nifty - 11628). Thus the Trend in
the short term, medium term as well as long term Timeframe remains Bullish.
MACD as well as Price ROC are both positive and hence continues in Buy mode. RSI (60)
suggests Bullish momentum. Stochastic Oscillator %K (92) is below %D and hence is in Sell mode.
ADX (18) still suggests consolidation in an Uptrend. Directional Indicators are in Buy mode as +DI
is above -DI. MFI (54) suggests Positive Money Flow. OBV continues to make higher top higher
bottom and hence in Buy mode. Thus majority of Oscillators are suggesting a Bullish bias.
Options data for January series indicate highest Call Open Interest at 12500 and highest Put
build-up is at the strike of 12000. Thus Options data suggests a trading range with Resistance at
12500 and Support at 12000.
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 17
INVESTMENT
- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789
Nifty Overview :- In Last Trading Session, Nifty closed at 12377. As Communicated in last
week, Nifty is in positive zone and will move up further. Nifty still continues to be in positive zone
and may move up further. Nifty near support is at 12290 and far support is at 12050.
Bank Nifty Overview : In Last Trading Session, Bank Nifty closed at 31695. Bank Nifty has
corrected a bit and looks bit tired for going up further. Bank Nifty support is at 31300. Its possible
that Bank Nifty may correct a bit or consolidate a bit at these levels before any confirm signal
occurs.
Trading Results
Scrip Name BSE Code Buy / Enter at Did High/ Remarks
Sell Low
Auro Pharma 524804 Buy 458 490 Target Achieved
Cadila 532321 Buy 256 273 Target Achieved
Dr. Reddy 500124 Buy 2915 3063 Target Achieved
Glenmark 532296 Buy 339 366 Target Achieved
Lupin 500257 Buy 745 773 Target Achieved

Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Canara Bank 532483 222 217/222 230 237 212
Cummins 500480 582 595 605 625 582
Glenmark 532296 362 352/355 365 390 342
Just Dial 535648 583 574/577 585 595 567
Lupin 500257 769 754/758 770 790 744
Tata Motors DVR 570001 82 77/82 90 105 73

Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Bata India 500043 1795 1850/1860 1830 1810 1875
DLF 53288 261 285/290 280 270 297

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

SMART 19th January 2020 to 25 th

January 2020 18
INVESTMENT

Sensex-Nifty is at life highs

But Your portfolio is still down by 30-50% ???
You want to reshuffle
your loss making stocks into profitable ones ?
For register whatsApp - Your name,
Mobile number, City on

7744804098

Think about NIFTY FUTURE ?

Think
WWW. NIFTYPREPAID.COM
Enjoy REAL Profit !!!!
Make CONSISTENT Profit !!!!
8401810865
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 19
INVESTMENT

TECHNICAL TALK Dhananjay Kadam

TECHNICAL ANALYST, M. 7588622374

STOCKS FOR HANDSOME GAIN

Nifty made lifetime high in this week more upside coming in next week again. Last week
we recommend GMMPFAUDLR @1904 for target 2135 Today made high 2246. SPARC at
183 made high 194.50., CDSL @264 made high 281, and MOTILALOFS @888 made high 905
in all these stocks more upside possible.

CUPID (Rs. 249.10)

Our article readers must be familiar with this stock and according to that who bought that stock on
1 Dec 2019 @ 201 are now already in 26% gain.
Cupid Limited (A leading manufacturer & supplier of quality Male condoms, Female Condoms &
Water based Lubricant Jelly) was incorporated as a Public Limited Company in 1993 with the Regis-
trar of Companies, Maharashtra and
listed on BSE (Bombay stock Ex-
change) in 1995 and on NSE (Na-
tional stock Exchange) in 2016. Com-
panies modern facility has a current
capacity of over320 million pieces for
Male Condoms , 52 million pieces of
the Female Condoms & 210 million
sachets of Lubricant Jelly per annum.
Its manufacturing facility is located at
Sinnar near Nashik. It is the first com-
pany in the world to obtain Pre-qualification status from WHO/UNFPA for supply of both Male &
Female condoms.
Cupid Ltd. has an active R&D center in addition to its main production facility. Cupid ltd. works
with healthcare professionals, governments and organizations to support them in promoting good
sexual health and the importance of consistent condom use to prevent HIV and other STDs. Now as
per chart pattern, On a weekly chart stock is showing very good strength from 19/8/2019 to 21/10/
2019 stock was in consolidation zone, In this time frame Stock was trading between 118 to 150. After
breaking that resistance of 150 and closed at 172 shows more buying interest. After that closing
above resistance it becomes support and more investors start to buy this stock that brings its price to
240. After such a sweet rally stock went to some consolidation zone which is very healthy. After
staying in consolidation zone for 8 Weeks more buyers shown interest and started to move the stock
above that consolidation.
This Pattern is know as Bullish Flag Pattern
So as per this pattern you can buy this stock for following targets :- CLOSING PRICE -: 249,
STOP LOSS -: 227, TARGET -: 322, TIME FRAME -: 7 weeks Days, (MAINTAIN SL ONLY ON
WEEKLY CLOSING BASIS).
Cont...
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 20
INVESTMENT

MUTHOOT FINANCE (Rs. 779)

The story of Muthoot Finance dates back to over
seven decades, when a trading business was estab-
lished by Shri. Ninan Mathai Muthoot in 1887. Almost
5 decades later, his son, Shri. M. George Muthoot,
founded the Gold Loan business in 1939. Today they
are India's No.1 Most Trusted Financial Services Brand,
according to the Brand Trusted Report, 2016, 2017,
2018 & 2019 consecutively. They are also India’s larg-
est gold financing company in terms of loan portfolio.
They are a reputed ‘Systemically Important Non-de-
posit taking NBFC’. As part of their core business, they
provide personal and business loans secured by gold
jewellery, or gold loans. They primarily cater to individuals who possess gold jewellery but cannot access
formal credit within a reasonable time, or for whom credit may not be available at all. They help customers
meet unanticipated or other short-term liquidity requirements. They also have legendary actor Amitabh Bachchan
as their brand ambassador Now as per technical studies, this stock has spent last 3-4 months in consolida-
tion mode between price range of 656 to 718 on 3rd December 2019 it made a low of 660 which was our lower
price band and in next two days it formed Morning Star pattern at bottom. After this candlestick pattern stock
started it upward journey and it continuously goes up and gave a closing above channel resistance @ 778.
After such rally stock went in consolidation zone for next 8 Days but now on 16/1/2020 we have seen Huge
Bullish Candle Breakout that showing huge buying happened and it's volume also was more than double than
his previous day. This pattern is known as Bullish Flag Pattern. So as per this pattern you can buy this stock
as per following levels. :- CMP -: 779, STOP LOSS -: 770 , TARGET -: 850/880, TIME FRAME -: 20-30
DAYS, RR RATIO -: 1:4+, (MAINTAIN SL ONLY ON DAILY CLOSING BASIS)

INDIA GLYCOLS (Rs. 299.20)

India Glycols is a leading company that manufactures green technology based bulk, specialty and perfor-
mance chemicals and natural gums, spirits, industrial gases, sugar and nutraceuticals.
The company was established as a single mono-ethylene glycol plant in 1983. Since then, IGL has brought
together cutting-edge technology, innovation and an unflagging commitment to quality, to manufacture a wide
range of products that have found global demand.
And according to recent updates Mexico has reduced 10% Sugar Production this year. Philippines to import
sugar. Kenya and Pakistan's sugar plants are shuts down. China to import four time ethanol this year. Due to all
this factor going to boost sugar industry of India and also sectors may outperform. The above news will directly
give positive boost to India Glycols and it may improve their Balance sheet's Bottom line. Now as per chart
studies, From 23/04/2018 to 19/08/2019 in between this stock made a lower bottom and lower high pattern
several times. But after reaching to a very low range of our trend line i.e 178 smart money started to come in and
stock slowly started it's upward journey but at after some upside it always failed to break it's resistance trend line
which again put stock under pressure and that went back to
lower trend line which becomes the strong support for the
stock. But this week stock shown some heavy buying and
that helps to close the stock above it's trend line resistance
with heavy and healthy volume
So as per this pattern you can buy this stock for fol-
lowing targets,
CLOSING PRICE -: 299.20, STOP LOSS -: 271, TAR-
GET -: 348 / 378 / 422, TIME FRAME -: 30-40 Days
(MAINTAIN SL ONLY ON DAY CLOSING BASIS)
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 21
INVESTMENT

Techno Funda Sachin Shah : 9372144204

(Mumbai)

sound stocks [email protected]

WHIRLPOOL OF INDIA LTD

(500238 & NSE) (2494) (FV 10)
Whirlpool of India ltd is a part of the world's renowned whirlpool group of companies. Whirl-
pool Corporation, the ultimate holding company is the world's leading manufacturer of home
appliances with approximately 21 billion dollar in annual sales, 92000 employees and 65 manu-
facturing and technology research centers in 2018. Whirlpool of India is one of the leading manu-
facturers and marketers of major home appliances in the country. The company owns three state
of the art manufacturing facilities at Faridabad, Puducherry and Pune.
Technical Observations :- The stock is trading above its 5,10,20,50,100 and 200 day moving
averages and in buy mode on MACD, PSAR & SUPERTREND on daily, weekly and monthly
charts. The stock trading at 2494 can be bought at CMP and on dips with a target of 2850 over the
next 18 to 21 months.

H1FY20 H1FY19
Income 3367.66 crore Income 2832.58 crore
PAT 321.37 crore PAT 242.34 crore
Income Growth 19% PAT Growth 33%
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 22
INVESTMENT

Terrific Shots - Dilip K. Shah

Control Paint (Rs. 286.00) (Code: 522295) :- Shares of this B Group listed com-
pany touched a high of Rs. 318 and low of Rs. 190 in the last 52 weeks. The market cap is Rs. 468
crores. Promoter holding in the company is 53.59%. It has manufacturing plants in Thane, Himachal
Pradesh, and Assam. For September quarter, company's income went up from Rs. 41.07 crores to
Rs. 50.06 crores, while profit went up from Rs. 6.44 crores to Rs. 7.24 crores. For the first half of the
fiscal, income rose from Rs. 84.6 crores to Rs. 101.28 crores, while profit declined marginally from
Rs. 15.03 crores to Rs. 14.79 crores. The future of container and packaging industry looks bright.
The company has consistently performed well. The stock can deliver good returns in the long term.
Mutual Funds hold 8.83% stake.
Mahanagar Gas (Rs. 1136.00) (Code: 539957) :- Shares of A Group listed
Mahanagar Gas touched a 52-week high of Rs. 1148 and low of Rs. 754. MGL distributes CNG
and PNG in and around Mumbai. It has more than 200 CNG pumps and it is constantly expanding
its network on the back of growing demand for CNG and PNG. It is expected to benefit from pres-
ence in a large market like Mumbai. The company had issued shares at Rs. 421 a couple of years
ago, and it has delivered excellent returns to investors. MGL's equity is Rs. 98.78 crores, whereas
it has reserves of Rs. 2,300 crores. It intends to set up 90 more CNG stations in five years. For
September quarter, MGL reported income of Rs. 783.58 crores, and profit of Rs. 270.62 crores. The
stock is trading at a P/E multiple of 14.
Mphasis Ltd (Rs. 897.00) (Code: 526299) :- A Group listed Mphasis is present in IT
consulting and software business. Its shares touched a 52-week high of Rs. 1059 and low of Rs.
828. The company has strong presence in BFSI segment, and its performance has been better
than the overall industry growth. It caters to six leading global banks, 11 of the top 15 mortgage
lenders, and three global insurance corporations. The direct business, which accounts for 72% of
the total income, is expected to grow at a fast pace. For September quarter, consolidated sales
rose 4.6% to Rs. 2158 crores, while profit was up 3.2% to Rs. 273.31 crores. Analysts are bullish
on Mphasis as its shares are reasonably valued as compared to its peers. There is likelihood of re-
rating of the stock.
Sagar Cement (Rs. 563.00) (Code: 502090) :- The company has its manufacturing
plant in Andhra Pradesh and is engaged in cement business for over three decades. For second
quarter of FY2020, its sales increased from Rs. 257.7 crores to Rs. 265.3 crores. It reported profit of
Rs. 4.94 crores for the quarter as against loss of Rs. 8.01 crores last year. Sagar Cement's main
markets are Andhra and Telangana, both of which are seeing new developments. Its shares touched
a 52-week high of Rs. 749 and low of Rs. 487. The company is expected to gain from the
government's infrastructure push. The stock has corrected sharply due to poor performance in FY
2019. However, looking at the improved performance of this year, and considering the limited down-
side, one can make small investments in the company. Mutual Funds hold 11.31% stake.

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

SMART 19th January 2020 to 25 th

January 2020 23
INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com

Script-based upward movement

may continue in the shares
BSE Index (41945.37) :- It is moving upward from bottom of 40476.55. It shows overbought
position on daily, weekly and monthly basis. On upward movement, beyond 42064 it may go up to
42100, 42340 and 42800.On the downward movement, below 41765, 41630 with support at 41650.
Nifty Future (12377.50) :- It is improving from bottom of 11976.60. It shows overbought position
on daily, weekly and monthly basis. On upward movement, beyond 12413 it may go up to 12580,
12660 and 12750. On the downward movement, below 12300 it may get support at 12265.
Bank Nifty Future (31695.00) :- It is moving downward from the top of 32773.85. It shows over-
bought to neutral position on daily and weekly basis, while overbought position on monthly basis.
On upward movement, beyond 31885 it may go up to 31975, 32265, 32380, 32606 with resisting
level at 32774. On the downward movement, below 31570 it may go down to 31493, 31175 with
support at 30971.
LIC (466.65) :- It is improving from bottom of 408.25. It shows overbought position on daily basis,
while neutral on weekly and monthly basis. On upward movement, beyond 474 it may go up to 485
and 500. On the downward movement, below 470 it may get support at 450.
M&M Finance (360.05) :- It is improving from bottom of 315.15. It shows overbought position on
daily basis, while neutral on weekly and monthly basis. On upward movement, beyond 362 it may
go up to 367, 372 and 385. On the downward movement, it may get support at 345.
Reliance Ind. (1581.00) :- It shows improvement from bottom of 1498. It shows towards over-
sold position on daily and weekly basis, while overbought position on monthly basis. On upward
movement, beyond 1596 it may go up to 1617. On the downward movement, it may get support at
1553.
Siemens (1588.00) :- It shows improvement from bottom of 1459.55. It shows neutral position
on daily basis, while overbought to towards neutral on monthly basis. On upward movement, be-
yond 1598 it may go up to 1607, 1626 and 1644. On the downward movement, it may get support
at 1537.
Titan (1188.75) :- It shows improvement from bottom of 1130.20. It shows overbought position
on daily basis, towards oversold on weekly basis and overbought to towards neutral on monthly
basis. On upward movement, beyond 1196 it may go up to 1207, 1230, 1240, 1257 and 1277. On
the downward movement, it may get support at 1173.
Disclosure : The Recommendations are based on technical analysis. There is a risk of loss in trading.

Golden quote :-
Do not wait to strike till the iron is hot
but make it hot by striking
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 24
INVESTMENT

Dilip Davda
e-mail Expert’s Eye
[email protected]

Yet another week of new milestones

The third week of CY20 that started on a positive note ended on divergent notes. However, it
emerged as yet another week of new historic milestones for intraday as well as for close. In fact
rally of the week is termed as a pre-budget rally by market men. As we all know, budget will be
announced on Saturday 01st February 2020 and market will remain open on that day for measur-
ing impact on market sentiments. For the week while Brexit issue kept a tab on general sentiment,
US-China trade war settlement with signing of bilateral trade agreement cooled down global mar-
kets and even US-Iraq tension too eased that brought down crude oil prices. Spiraling CPI and
WPI did some impact and arrested rising trends in mid week. However, the week under report
turned highly volatile with Q3 number season impact and posted new intraday and closing mile-
stones for both benchmarks. While BSE Sensex posted new high of 42K plus in intraday trades,
Nifty failed to see through 12.5K. Mid and Small cap rally was the course of the week.
For the volatile week, we witnessed movements of benchmarks in the range of 12389.05 -
12278.75 for NSE Nifty and 42063.93 - 41648.11 for BSE Sensex.
The third week of CY20 ended with GAINs of 95.55 points for NSE Nifty and of 345.65 points for
BSE Sensex.
With a gap up opening on Monday, markets moved in green pasture for the day to close with
respectable gains. NSE Nifty scored 72.75 points to close at 12329.55 and BSE Sensex gained
259.97 points to end the day at 41859.69. Despite higher CPI at 7.35%, market gained as market
men expected more tax reforms in the forthcoming budget including relaxation for LTCG. Capital
Goods, Power, FMCG and IT counters led the rally and got support from select Mid and Small cap
counters. FIIs and DIIs were the net buyers for the day. Market breadth was positive.
With a higher opening on Tuesday indices moved both ways before ending the day in green.
NSE Nifty gained 32.75 points to end the day at 12362.30 and BSE Sensex scored 92.94 points to
close at 41952.63. Thus both benchmarks posted new closing highs. Despite higher inflation data,
rally continued for the second day in a row with surge in Metal, Auto, IT, FMCG counters. Market
breadth remained positive as Mid and Small cap rally continued. New milestone making process
continued. However, FIIs and DIIs were the net sellers for the day.
Ex-Split On Wednesday, markets opened with divergent notes and finally ended
SIS (2 for 1) in red as we witnessed higher CPI of 7.35%. NSE Nifty lost 19.00 points
to close at 12343.30 and BSE Sensex marked deficit of 79.90 points to
Bonus Issue end the day at 41872.73. Amicable settlement between US and China
SSPN Finance (1 for 1) on trade war issue was in the center stage. However, index based ham-
mering kept market in red territory for the day. Mid and Small cap counters
Bonus Meet continued to surge on value buying amidst Q3 number season. Auto,
Gautam Gems (20-1-20) Consumer Durables counters gained while Banking counters eased on
Music Broadcast (27-1-20) profit booking. FIIs were the net buyers while DIIs were net sellers for the

Dividedn Announcement day.

Markets opened in green on Thursday and after moving both sides
Delta Corp (75%),
Wipro (50%), HCL Techno
benchmarks finally closed the day with minor gains. NSE Nifty scored
(100%), TCS (500%) Cont....
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 25
INVESTMENT
just 12.20 points to end the day at 12355.50 and BSE Sensex gained 59.83 points to close at
41932.56. In intraday trades both benchmarks posted new high of 12389.05 and 42059.45 respec-
tively. Rising hope for amicable settlement between US and China on trade matter and abolition of
LTCG in forthcoming budget kept a tab on general sentiment as market moved both side to close in
green. FMCG counters hold the fort for the fourth straight session of the week and got support from
Pharma, Banking and Auto counters. However, Metal and Oil and Gas counters eased on negative
reports for the sectors. FIIs and DIIs were the net sellers for the day. Benchmarks posted new
intraday milestones for the day.
With negative openings on Friday indices moved both sides to finally close with divergent trends.
While NSE Nifty posted loss of mere 3.15 points to close at 12352.35, BSE Sensex scored just
12.81 points to end the day at 41945.37. Bharti Airtel, Dr.Reddy, Reliance surged while Infratel,
IndusInd Bank, GAIL doomed and thus we marked mixed trends for indices heavy weight counters.
However, Mid and Small cap outperformed the benchmarks and kept market breadth positive.
Sensex posted new intraday historic high of 42063.93. FIIs were net buyers while DIIs were net
sellers for the day.
During the week scrip turned ex-split included SIS (2 for 1).
During the week dividend announcements came in from Delta Corp (75%), Wipro (50%), HCL
Techno (100%), TCS (500%) etc.
During the week SSPN Finance turned ex-bonus (1 for 1).
Dollar moved around Rs. 71.05 per dollar. Even Brent Crude Oil also remained around 65.05$
a barrel leading to cut in petroleum product prices. Spiraling food prices lifting CPI and WPI raised
concern. However, some good corporate results kept a tab on general sentiment and got support
from eased tension between US-China and US-Iraq helped sustaining the rally. Now Q3 number
season will gather momentum keeping market in a stock specific mode. Budget pros and cons will
trigger both side movements till budget announcement. Thus a Pre-Budget rally is in place as per
market men.
Amidst such a scenario, benchmarks movement is likely in the range of 12850-11850 for NSE
Nifty and 42600-40800 for BSE Sensex for coming week.
Gautam Gems has convened board meeting on 20.01.20 and Music Broadcast on 27.01.20 to
consider bonus issue.
DISCLAIMER : No financial information whatsoever published anywhere here should be con-
strued as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter
published here is purely for educational and information purposes only and under no circumstances
should be used for making investment decisions. Readers must consult a qualified financial advi-
sor prior to making any actual investment decisions, based on information published here. Any
reader taking decisions based on any information published here does so entirely at own risk.
Above information is based on the details available as on the date along with market perceptions.
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)
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 26
INVESTMENT

Nifty & Sensex Movement during the last week

Nifty Open High Low Close Diff
13-Jan-20 12296.7 12337.75 12285.8 12329.55 72.75
14-Jan-20 12333.1 12374.25 12308.7 12362.3 32.75
15-Jan-20 12349.4 12355.15 12278.75 12343.3 -19
16-Jan-20 12347.1 12389.05 12315.8 12355.5 12.2
17-Jan-20 12328.4 12385.45 12321.4 12352.35 -3.15
Net Weekly Gains 95.55
BSE Sensex Open High Low Close Diff
13-01-20 41,788.21 41,899.63 41,720.76 41,859.69 259.97
14-01-20 41,883.09 41,994.26 41,770.90 41,952.63 92.94
15-01-20 41,969.86 41,969.86 41,648.11 41,872.73 -79.90
16-01-20 41,924.74 42,059.45 41,812.28 41,932.56 59.83
17-01-20 41,929.02 42,063.93 41,850.29 41,945.37 12.81
Net Weekly Gains 345.65

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

Co. Name Code Price Co. Name Code Price
Triveni Engg. 532356 81.00 Tube Invest 540762 523.00
Birla Soft 532400 72.00 Polycab India 542652 1108.00
Mirza Intl. 526642 65.00 Dr. LalPath 539524 1668.00
ITI 523610 103.00 Supreme Ind. 509930 1290.00
Praj Ind. 522205 125.00 Torrent Pharma 500420 2006.00
MSTC 542597 143.00 Godfrey Ph. 500163 1459.00
Jai Corp. 512237 117.00 Dr. Reddy 500124 3033.00
JK Paper 532162 136.00 Escorts 500495 705.00
Adani Ports 532921 387.00 Berger Paints 509480 563.00
Glenmark Ph. 532296 360.00 Maruti Suzuki 532500 7524.00
Control Print 522295 286.00 Amara Raja 500008 782.00
Apex Frozen 540692 417.00 Infosys 500209 767.00
Graphite India 509488 315.00 Finolex Ind. 500940 572.00
Tata Global 500800 380.00 Colgate 500830 1509.00
Havells India 517354 638.00 MRF 500290 69380.00
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 27
INVESTMENT

Scrip Watch - Siddharth Shah

Godfrey Phillips (Rs. 1460.00) (Code : 500163) (F. V. : 2.00) : Godfrey
Phillips India (GPIL) is the second largest player in the Indian cigarette industry. Incorporated in
1936, the company has diversified into others businesses such as confectionary, tea, cosmetics
and etailing.Godfrey Phillips India Limited, a flagship company of the Modi Enterprises, is one of
India's largest cigarette manufacturers. It makes some of the best cigarette brands in the country
including Four Square, Red & White, and Cavanders.Its products are distributed through an exten-
sive India-wide network comprising of over 600 exclusive distributors, an 8000-strong secondary
sales team, and 800,000 retail outlets. The stock has jumped from its 52-week low of Rs. 675 in
August, to 52-week high of Rs.1430 last week. Still, the stock is trading at arond PE of 21 which
looks reasonable. Buy in phased manner.
EID Parry (Rs. 228.00) (Code : 500125) (F. V. : 1.00) : The government is likely
to soon clarify that full export subsidy will be given to even those mills that export sugar to refineries
located in special economic zones. This would be a relief for EID Parry India as mills are not ready
to supply sugar to the company's Parry Sugars Refinery India. Parry Sugars' refinery is situated in
a special economic zone and mills are unable to claim the subsidy on ocean freight on raw mate-
rial sold to such units. EID Parry is one of the top five sugar producers in the country and has
drastically reduced its debt from Rs 1,977 crore in FY14 to Rs 832 crore in FY19 by focused cost
management and fiscal prudence.Besides improving financials, EID Parry has also positioned
itself in wellness driven products, backed by a dedicated research and development programme.
The stock has got strong momentum. It will continue. Buy.
Inox Leisure (Rs. 397.00) (Code : 532706) (F. V. : 10.00) : Inox Leisure rose last
week after the company said it commenced commercial operations of multiplex cinema on leave &
license basis at Elpro City Square Mall in Pune. The multiplex cinema theatre has five screens and
1,139 seats. With this, INOX is now present in 68 cities with 147 multiplexes, 617 screens and a
total seating capacity of 1.43 lakh seats across India.Inox Leisure is engaged in operating multi-
plex cinema theatres. The firm is engaged in the business of film exhibition. The company oper-
ates through theatrical exhibition segment. The firm is engaged in booking, providing a range of
movies, reviewing movie schedules and offering a range of cinema food. In the past one month,
shares of Inox Leisure jumped 7.34%. The scrip is currently trading 1.21% below its 52-week high.
On a consolidated basis, Inox Leisure's net profit surged 193.5% to Rs 35.13 crore on 42.3% rise in
net sales to Rs 519.94 crore in Q2 September 2019 over Q2 September 2018. Buy.
Va Tech Wabag (Rs. 224.00) (Code : 533269) (F. V. : 2.00) : Water engineering
company Va Tech Wabag’s stock has rallied from Rs.170 to Rs.220 plus in just 15 days. The com-
pany is a player in the water treatment space, offering a range of solutions focused on conservation,
optimisation, recycling of resources. The company received orders worth Rs3,050 crore in the first
half of 2019-20 and its healthy order book of Rs11,500 crore provide strong revenue visibility. Chola
Securities is bullish on the stock as the company has improved balance sheet position in the first half
of 2019-20. Recently, the company was granted a project from Bihar government.The pure-play wa-
ter technology Indian multinational signed an agreement for Rs 1,187 crore under the prestigious
Namami GangeProgramme. The agreement was signed among National Mission for Clean Ganga
(NMCG), Bihar Urban Infrastructure Development Corporation Ltd (BUIDCO) and DK Sewage Project
Private Limited (A special arm of VA Tech Wabag). The stock is worth accumulation.
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 19th January 2020 to 25 th

January 2020 28
INVESTMENT

Market Tips - Het Zaveri

Tube Investment (Rs. 524.00) (Code : 540762) (F. V. : 1.00) : Murugappa Group
company Tube Investments of India (TII) was formed by merging TI Cycles of India and Tube Products of
India. TI Diamond Chain was merged with the parent company, in 2004. In over six decades of its exist-
ence, TII has built significant skills in engineering and metallurgy, which is fully supported by a central R&D
function. TII has the unique distinction of uninterrupted dividend distribution since 1954. It is a rare in indian
stock market history. For the half year ended September 30, its standalone net profit grew to Rs179 crore
from Rs111 crore. Total revenue from operations stood at Rs2,365 crore against 2,731 crore in the same
period last year. For Q2, its profit was Rs.90 crore against Rs. 57 crore in Q2 last year. The Engineering
division recorded a 29 per cent decline in revenue at Rs.554 crore when compared with Rs.776 crore in the
year-ago period. Cycles and accessories business also witnessed a 31 per cent fall in revenue at Rs217
crore against Rs313 crore. The stock has started strong upmove. Buy. Buy more at decline.
Godrej Agrovet (Rs. 562.00) (Code : 540743) (F. V. : 10.00) : Godrej Agrovet
stock has jumped from 52-week low to 52-week high in just four and half months. The stock was trading at
Rs.421 in August and now trading at Rs.568. The company is also expecting to record 17 to 18 per cent
growth in its net profit during the fiscal 2019-20. The company will continue to make capital expenditure of
Rs 250-300 crore for another three years with a focus on few verticals like animal feeds, agro-chemicals
and value- added dairy. The crop protection division of Godrej Agrovet Ltd (GAVL) has launched Hanabi -
a specialist to control red spider mite, a serious pest found in tea plantations. Mites have been one of the
biggest nuisance makers in tea plantations that bring down both quality and quantity of the tea produced.
This product will increase company's revenue and profit. Motilal Oswal has a buy rating on Godrej Agorvet
with a target price of Rs 584. Indonesia and Malaysia – which account for around 86 per cent of the world’s
palm oil production – are planning to increase the usage of palm oil for the production of biodiesel. It will be
a positive for Godrej Agrovet's palm oil division in FY21. Buy.
AU small Finance Bank (Rs. 879.00) (Code : 540611) (F. V. : 10.00) : AU
Small Finance Bank has seen strong rally in recent times. The bank has stepped up its focus on the used
vehicle segment to (i) combat the slowdown in new vehicles and (ii) capitalize on its long-standing vintage
in used vehicle financing, which offers higher risk-adjusted yields and profitability. Nearly half of incremental
used vehicle disbursement now comes from non-bank/outside channels (i.e. used outlets of OEMs, semi-
organized and small vehicle dealers) compared to around 20 percent earlier. Recently, Singaporean sover-
eign wealth fund Temasek through its wholly-owned subsidiary Camas Investments Pte has invested Rs
525 crore (USD 74 million) in the lender by conversion of warrants.With this investment, Temasek has
firmed up its stake at 4.8 per cent in AU Bank. Buy.
TCS (Rs. 2221.00) (Code : 532540) (F. V. : 1.00) : TCS is expected to report better
Q3 numbers. Its net profit is expcted to be up 2.2 percent at Rs 8,224 crore against Rs 8,042 crore.Dollar
revenue might up 1.45 percent at $5,597 million against $5,517 million. Rupee revenue might increase 2.3
percent at Rs 39,870 crore against Rs 38,977 crore. Margins sequentially might do better due to favourable
forex from depreciation in the Indian rupee and might rise by 50 bps at 24.5 percent, driving a 2.2 percent
increase in sequential profit figures to Rs 8,224 crore. Orderbook will be much better at six-quarter high
TCV at $6.4 billion. The company has missed revenue estimates for the last two quarters.However, in this
quarter, the company is expected to achieve the target or near the target. If results are good, it will rally. Join
the rally. If the stock corrects even after the results, it will be good opportunity to enter. Buy in both the
cases.

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 19th January 2020 to 25 th

January 2020 29
INVESTMENT

SMART TIPS Smita N. Zaveri

Praj Industries (Rs. 111.00) (Code: 522205) :- Shares of B Group listed Praj Indus-
tries have face value of Rs. 2. The shares touched a 52-week high of Rs. 168 and low of Rs. 93.
Over the years, Praj has launched 26 Greenfield ethanol projects, and is considered the leader in
the industry. It provides plant solutions for beverages, alcohol, and bio-ethanol. IOC, HPCL, and
BPCL are setting up a bio-refinery with an investment of Rs. 8,000 crores, which will benefit Praj
Industries. It has 70% share of the bio-energy business in India. The company had paid 106%
dividend last year, and the yield works out at nearly 2%. The totally debt-free company has equity
of Rs. 36.53 crores and reserves of Rs. 699.64 crores. For September quarter, it reported consoli-
dated income of Rs. 294.14 crores, and profit of Rs. 16.13 crores. Promoter holding in the company
is 32.98%. The stock can be seen near its 52-week high price in two to three quarters.
Mirza International (Rs. 65.00) (Code: 526642) :- Shares of this B Group listed
footwear company have face value of Rs. 2. The shares touched a 52-week high of Rs. 81 and low
of Rs. 49. Promoter holding is 70.19%. The company recently forayed into women's footwear,
which is getting good response. The company sells its products under its own brand as well as
does jobwork for noted overseas brands. The company's equity is Rs. 24.06 crores, whereas re-
serves are at Rs. 587.58 crores. For September quarter, Mirza International reported 3.5% rise in
consolidated income at Rs. 306.04 crores, while net profit declined 40.54% to Rs. 9.58 crores.
EBIDTA increased 5.98% to Rs. 45.22 crores. Apart from Mirza International, the relief in GST
rates will also benefit companies such as Khadim's and Liberty.
ITI (Rs. 103.00) (Code: 523610) :- Shares of this telecom equipment manufacturer are
listed in A Group. The shares touched a 52-week high of Rs. 116 and low of Rs. 56. Bangalore-
headquartered ITI has been promoted by the central government, which holds 90% stake. It has
dedicated network systems units in Delhi, Kolkata, Bhopal, Ambala and other places, and state-of-
the-art manufacturing facilities at Bangalore, Srinagar, and Rae Bareily. The company offers equip-
ment and total solutions covering transmission, optical, microwave, broadband equipment, and
customer premises equipment. For December quarter, ITI reported 47% growth in income at Rs.
828 crores, whereas net profit shot up by 1139% to Rs. 168.25 crores. EBIDTA rose 305% to Rs.
215.57 crores. ITI's market cap is Rs. 9015 crores, equity of Rs. 897 crores, and debt of Rs. 1,377
crores. The stock can be seen crossing the 52-week high price in the short term.
Bharat Electronics (Rs. 108.00) (Code: 500049) :- Shares of this A Group listed
defence sector company have face value of Re. 1. The shares touched a 52-week high of Rs. 122
and low of Rs. 72. The central government holds 55.93% stake in the company. The company's
equity is Rs. 243.66 crores, while it has reserves of Rs. 8775 crores. The company is the largest
supplier to Indian defence segment. It also makes other products, including the Electronic Voting
Machines. The defence sector has seen good investments in last five years. It recently bagged a
contract to deliver Akash missiles to seven more squadrons of Air Force over the next three years.
For September quarter, it reported income of Rs. 2743 crores and profit of Rs. 339.49 crores. Oper-
ating profit margin was 20.36%, while net profit margin was 12.38%. The stock can be seen touch-
ing the 52-week high price in the short to medium term.

SEBI Registered Research Analyst)

* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on
17th January, 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 19th January 2020 to 25 th

January 2020 30
INVESTMENT

Smart super duper - Het Zaveri

ITDC (Rs.315.00) (Code: 532189) :- The PSU was set up in 1965 and it is active in
hotel and restaurant business. It owns 8 Ashoka Group Hotels, 5 joint venture hotels, one restau-
rant, 11 transport units, 9 duty free shops, 2 light and sound shows, 2 managed units and 5 catering
companies. As against equity of Rs85.77 crore, it has reserves of Rs245.66 crore. In the second
quarter of 2020, the company's profit came down to Rs0.14 crore and income was 82.16 crore. The
government is planning to sell entire 87% stake which is a major positive announcement for the
minority shareholders. The company is not fundamentally sound but it owns a lot of property and
the company's stock prices are near to 52 week high of Rs419.3. It can be considered for invest-
ment.
Tata Metaliks (Rs654.00) (Code:513434) :- The company was set up in 1990 and it
started production in 1994. It is one of the leading pig iron producers in the country and has produc-
tion capacity of 345000 tones per annum. In December quarter, the company's income decreased
from Rs546.37 crore to Rs518.62 crore, while profit increased from Rs39.63 crore to Rs45.91 crore.
As against equity of Rs28.09 crore, the company has reserves of Rs738.99 crore. The stock can be
taken into consideration for investment in phased manner with every correction from the current
market price. Considering the future of metal sector, it could be a good option as it may touch
Rs750 level within a year.
Deepak Fertilizer (Rs.115.00) (Code:500645) :- It is one of the leading fertilizers
and petrochemicals companies of the country. It has presence in agri business, farm solutions,
mining chemicals, industrial chemicals and value added real estate. It owns a mall at Pune. As
against equity of Rs88.20 crore, the company has reserves of Rs1959.65. In September quarter,
the company's income decreased from Rs1768.73 crore to Rs1150.74 crore, while profit increased
from Rs17.80 crore to Rs24.94 crore. It paid 60% dividend for 2017 and 2018 and 30% for 2019.
The fertilizer shares may be in limelight before budget.
Lumax Industries (Rs.1476.00) (Code:517206) :- It is one of the leading auto
ancillary groups of the country. It owns 9 plans and boasts of more than 60% stake in lighting
segment. As against equity of Rs9.35 crore, the company has reserves of Rs425.55 crore. In the
first half of 2020, the company's sales decreased from Rs986.69 crore to Rs831.05 crore, while
profit decreased from Rs40.91 crore to Rs36.64 crore with EPS of Rs39.20. The auto segment is
passing through bad phase, but Lumax has considerably high market share in the segment. The
promoters have raised their stake to 75% which shows confidence about the future growth. It paid
100% dividend for 2018. The stock is good option to invest in phased manner in time of correction.

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 19th January 2020 to 25 th

January 2020 31
INVESTMENT

Investment Ideas telegram.me/rupeegains7

NIFTY :- For next week NIFTY has strong support around 12295-12280 levels. Break will
take it to 12215 levels. On the upper side NIFTY will face strong hurdle at 12390 levels, cross over
with volume and close above will create short covering at take NIFTY up to 12430-12475 levels…
BANK NIFTY :- For next week BANK NIFTY has strong support around 31445 levels.
Break will take it to 31170 levels. On the upper side BANK NIFTY will face strong hurdle at 31775
levels, cross over with volume and close above will create short covering at take BANK NIFTY up
to 32000 levels…
INVESTMENT IDEAS…
On 30th December 2019, we recommended MANALI PETRO at Rs.18.55. During the week it
zoomed to Rs.25.50 levels and achieved almost 37.5% appreciation in just 3 week.
RAM RATNA WIRES LTD
(522281) (82) (Face Value Rs.5)
Ram Ratna Wires Ltd. is a part of RR Global which is one of the leading conglomerates in the
electrical & copper industry. The group's business sectors encompass manufacturing a wide range
products for residential, commercial, industrial & infrastructure purposes. Ram Ratna Wires Ltd, a
UL certified ISO -9001:2000 Company. The products are manufactured at India's first dust-free
winding wire manufacturing facilities, Salasar Copper, situated at Silvassa. All products are manu-
factured using 99.97% oxygen free copper. The 2 manufacturing units are equipped with the high-
tech machineries, NIEHOFF (Germany) & ITALIA IMPIANTI (Italy), employ world-class technology
are installed to get produce high quality products.
It has an equity base of just Rs.11crore that is supported by reserves of around Rs.180.67crore.
The Promoters hold 73% while the investing public holds 27% stake in the company.
Company has reported fantastic numbers for Q2FY20 and H1FY20. For Q2FY20, PAT zoomed
183% to Rs.7.34crore from Rs.2.59crore on 10.22% higher sales of Rs.366.64crore fetching an
EPS of Rs.3.34. During H1FY20, PAT grew 29.25% to Rs.9.41crore from Rs.7.28crore on 13.97%
higher sales of Rs.759.12crore fetching an EPS of Rs.4.28.
Currently, the stock trades at a P/E of just 10.2x. Company paid 25% dividend for FY19. Its
recent high rate was Rs.244 which was formed in January 2018. Stock almost corrected 66% 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 70.
NIKHIL ADHESIVES LTD
(526159) (130) (Face Value Rs.10)
Nikhil Adhesives Ltd is a multi product company manufacturing, selling and exporting various
types of polymer emulsions that are used for different applications. The Company has been in this
business since 1986 and has three manufacturing units located at Dahanu (Maharashtra),
Silvassa(Dadra Nagar Haveli) and at Dahej(Gujarat). The current production capacity is 60000T
p.a. which can be enhanced. The Company had acquired the emulsion business of M/s. Mafatlal
Dyes & Chemicals Ltd. in the year 2003 and its products are sold under the brand name Mahacol,
Emditex, Emdilith, Emdicryl and others all of which have been well accepted. Nikhil Adhesives
Ltd. is an ISO 9001:2008 certified Company and the products find use in the Paints, Packaging,

Cont....
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 32
INVESTMENT
Furniture, Textiles, Construction and many other industries. The Company is presently exporting
its products to countries in Asia, Africa and the Middle East.
It has an equity base of just Rs.4.61crore that is supported by huge reserves of around
Rs.38.44crore. The promoters hold 54.44% stake in the company.
Company has posted strong numbers for Q2FY20. During Q2FY20, its PAT zoomed 163.22%
to Rs.2.29crore against Rs.0.87crore on sales of Rs.100.42crore.
Currently, the stock trades at a P/E of just 9.15x. Its recent high rate was Rs.299.2 which was
formed in February 2018. Stock almost corrected 57% 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 115.

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.

Buy or Sell, Confused ?

Let the EXPERTS Help You
Join our Service for 1 Month & We are
Sure. You will be our Lifetime Member
Equity & Commodity Tips
Call Us : 91-9930011789
www.shareinfoline.com
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 33
INVESTMENT

Primary Market - Dilip K. Shah

In Q4 of 2019 total Rs2400 crore raised by 12 IPO: India stands at No.7 at global level
In CY19 Rs17900 crore raised by 62 IPOs, which shows decline of 62% in terms of volume and 54% in terms of number
Investors got jackpot with upto 14% returns in 2019
Due to bullish trend in secondary market 2020 will witness long queue of IPOs led by UTI and SBI Cards
As SEBI has sought clarification from SBI Cards and UTI, bot IPOs will get delayed
UTI AMC issue will face problems as there is no mention of employee responsibility in the DRHP
This week in absence of mainboard and SME IPOs, three NCDs issues are in the market
Due to Budget on February 1, there is a vacation like situation in the primary market
Antony Waste Handling's mainboard IPO to hit the market soon
HindPrakash Ind's NSE SME IPO sailed through with 2.16 times subscription
If SBI Cards IPO doesn't open by January 29 all the deals in the grey market will stand cancelled
In Q4 of 2019 total Rs2400 crore raised by 12 IPOs. India stands at No.7 at global level. In CY19
Rs17900 crore raised by 62 IPOs, which shows decline of 62% in terms of volume and 54% in terms of
number
The Indian Share Markets are touching new heights and BSE Sensex crossed 42000 level to make a
new high of 42063 and Nifty also made a lifetime high level of 12385.
However, SBI Cards and UTI AMC IPOs will not be able to cash on the bullish trend as both issues might
get delayed as SEBI has sought clarification from both the companies.
After US and China, now tension between Iran and US is also affecting the market. Amid high volatility,
Indian share markets gave handsome returns up to 14% during the calendar year 2019. Midcap and Smallcap
are also witnessing slow improvement.
* SBI Cards & Payment :- Merchant bankers have submitted the clarification sought by SEBI so Rs9600
crore iPO may get approval by end of this month. It is number two credit card issuer in the country with 18%
market share. It may prove beneficial to the investors.
Grey Markets Premium * UTI AMC :- The number 7 asset manage-
ment company of the country with QAAUM worth
IPOs Offer Price Premium Kostak Price Subject to
1542.3 billion dollar is planning to come up with
Name (Rs.) (Rs.) *Min. Appl. Sauda
issue in February after getting approval from
SBI Cards -- 245 to 250 3300 4100
(H : 275) (H : 3500)
SEBI. The issue size will be Rs1200 crore to
(L : 198) (L : 1200) Rs1500 crore. It has been giving positive returns.
Don't subscribe IPO only on the basis of Grey premium. * SME IPOs :- Last week only one SME IPO
Before Investing check the fundamentals of IPO that of HindPrakash Industries was in the mar-

Main - line IPO (Non SME)

Sr Company Issue Open Dt. Issue size Offer price Listing Lead Manager
Issue Close Dt. (Rs. Cr.) (Rs.)
1 SBI Cards & Date till not Fresh Issue : 615 to 618 BSE Axis Capital, BoA Merrill Lynch,
Payment Ser. final. May be Rs. 500 Cr. (Likely) NSE HSBC Securities, Kotak Mahindra
(Book Building) come in Feb. OFS : 13,05,26,798 (F.V. Rs. 10) Registrar :
Second week
Eq. Shares Link Intime India Pvt. Ltd.
2 UTI AMC -- 3,89,87,081 835 to 850 BSE ICICI Securities and
(Book Building) -- Eq. Shares (Likely) NSE Axis Capital
(Disc. Rs. 10 Registrar :
for Empl.)
3 Antony Waste -- Fresh Issue : -- BSE Equirus Capital Pvt. Ltd.
Handling Rs. 43.50 Cr. -- NSE
(Book Building) OFS : 94,42,164 (F.V. Rs. 5) Registrar :
Eq. Shares Link Intime India Pvt. Ltd. Cont...
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 34
INVESTMENT
Janus Corp's BSE SME IPO with fixed price of Rs50 is all set to enter the market
Vaxtex Cotfab's NSE SME IPO slips in discount after listing: Smart Investment's prediction turns true
Gian Life Care BSE SME IPO got listed at offer price but now slips in discount
Muthoottu Mini Fin's Rs100 crore NCDs issue to open on January 20: Stay away
Shriram Fin's NCDs issue got 0.85 times and Muthoot Fincorp's issue got 0.53 times subscription

Further Public Offering

Sr Company Issue Open Dt. Issue size Offer price Listing Lead Manager
Issue Close Dt. (Rs. Cr.) (Rs.)
24-1-2020 Fresh Eq. Shares -- BSE BOB Capital Markets Ltd.,
1 ITI Limited 28-1-2020 18,00,00,000 -- NSE Karvy Investor Ser., PNB Invest
& Additional (F.V. Rs. 10) Registrar :
18,00,000 Eq. Sh. KFin Technologies Pvt. Ltd.

BSE SME IPO

Sr Company Open Dt. Issue size Offer price Minimum Lead Rating Remark
Close Dt. (Rs. Cr.) (Rs.) Applications Size Manager (Out of 50%) %
1. Janus -- 15,99,000 Eq. 50 3000 Eq. Shares First NEXT WEEK
Corporation -- (Rs. 8.00 Cr.) (Rs. 1,50,000) Overseas

ket. Rs11.52 crore IPO has closed with 2.16 times subscription. All eyes will be on listing of the issue.
* SME IPO Listing:-
• Vaxtex Cotfab :- The issue with fixed price of Rs24 got listed on January 13 at nominal premium of
Rs24.10 and went up to Rs25 and down to Rs23.30 before closing at Rs24.80. It is being quoted at dis-
counted price of Rs23.90.
• Gian Life Care (542918) :- The issue with offer price of Rs22 got listed at the same rate and went up to
Rs22.05 and closed at Rs22. It was being traded at Rs20 on January 17.
* Insight into upcoming issues:-
• Antony Waste Handling :-It provides Municipal Solid Waste Management Services to municipal bod-
ies across India. It has completed 25 projects. It plans to offer fresh equity worth Rs43.50 crore and 94.42
lakh shares under OFS. The lead manager is Equirus Capital and Registrar is Link Intime. Priceband and
Listing Information of opening date will be announced soon.
Vaxtex Cotfab * SME IPO : Janus Corporation (BSE SME) plans to raise Rs8 crore through
NSE SME Code VCL offering 15.99 lakh shares at price of Rs50. Lead manager is First Overseas.
Listing Date 13-1-2020 Opening dates will be announced shortly.
Offer Price Rs. 24.00 * Insight into upcoming mainboard IPOs:-
Listing Price Rs. 24.10 Karnataka-based Apeejay Surendar Park Hotels plans to raise Rs1000 crore
Listing Day High Rs. 25.00 for debt payment. It has filed DRHP.
Listing Day Low Rs. 23.30 ESAF Small Finance Bank : It has filed DRHP for raising Rs976 crore. It
Listing Day Close Rs. 24.80
CMP (17-1-2020) Rs. 23.90 Performance of AMC Companies
Co. Name Issue Size Listing Gain Last %
Listing Information of (Rs. Cr.)
Gian Lifecare HDFC AMC 1100 1815 65% 3079 180%
NSE SME Code 542918 Reliance Nippon 252 282 13% 343 36%
Listing Date 13-1-2020
Escorp. AMC 15 15.1 0.67 16.25 8.33
Offer Price Rs. 22.00
Listing Price Rs. 22.00
Listing Day High Rs. 22.05 Subscription Figures of SME IPO (Dt. 17-1-2020)
Listing Day Low Rs. 22.00 IPO Listing Day Subscribed
Listing Day Close Rs. 22.00
HindPrakash Industries NSE SME Issue Closed on 17-1-20 2.16x
CMP (17-1-2020) Rs. 20.90
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 35
INVESTMENT

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.
6-1-2020 Rs. 200 Cr. 1,000/- 10 NCDs BSE AA+/Stable
1. Shriram 22-1-2020 Base Size of Rs.500 Cr. (Rs.10,000) NSE BY CARE & IND
Transport Fin. (Issue Size Shelf Lead manager :
APPLY
(Tranche 2) (Rs. 10000 Cr.) A.K. Capital, J.M. Fin., SMC
9-1-2020 Base : Rs.250 Cr. 1,000/- 10 NCDs BSE BWR A+/Stable
2. Muthoot 4-2-2020 Oversubscription up to. (Rs.10,000) CRISIL A/STABLE APPLY
Fincorp. Rs. 230 Cr. Lead manager :
(Total : 480 Cr.) SMC Capitals
20-1-2020 Base : Rs. 100 Cr. 1,000/- 10 NCDs BSE CARE
3. Muthoottu 12-2-2020 Oversubscription up to. (Rs.10,000) BBB- / Stable AVOID
Mini Fin. Rs. 100 Cr. Lead manager :
(Total : 200 Cr.) Vivro Fin. Ser.

Muthoottu Mini Financiers NCD Coupon Rates

Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7
Frequency of Interest PaymentMonthly Monthly Monthly Cumulative Monthly Cumulative Cumulative
Tenor (Day = D) / (Month = M) 480 D 24 M 36 M 50 M 60 M 70 M 85 M
Coupon Rate (Retail) 9.40% 9.75% 10.00% NA 10.50% NA NA
Amount on Maturity (Rs.) 1,000 1,000 1,000 1,500 1,000 1,750 2,000
will raise Rs300 crore through private placement.
* NCDs issues:-
• Muthoott Mini Fin : The company is coming up with Rs100 crore NCDs issue on January 20. The
shelf limit is Rs200 crore. CARE has given BBB- negative rating so it may be a risky affair.
• Shriram Transport Fin :- The issue with base price of Rs200 crore and shelf limit of Rs10,000 crore
has got 0.83 times subscription. Despite AA+ rating it is not likely to get Rs10000 crore.
• Muthoot Fin Corp :- The issue with base price of Rs100 crore and shelf limit of Rs200 crore has got
0.51 times subscription. It will close on February 4.
* Grey Market Movement:- As Indian Share Markets remained highly volatile, SBI Cards premiums
also got affected. Premiums have come down from Rs265 to Rs245-240. Application rates are around
Rs3200/3300 and Subject to rates are Rs4200. It should be noted that SEBI has sought clarification from
the company so the issue may get delayed. In that case, if the issue doesn't enter the market by January 29
then all the deals in grey market stand cancelled and Grey market will turn passive.
Subscription figure of
Muthoot Fin. Corp. NCDs Performance of AMC Companies
Category No. of Bond Issue Co. Name Issue Size Listing Gain Last %
Offered/ Subscribed (Rs. Cr.)
Reserved 17-1-2020 HDFC AMC 1100 1815 65% 3079 180%
Category 1 1,25,000 0.00x Reliance Nippon 252 282 13% 343 36%
Category 2 2,50,000 1.96x Escorp. AMC 15 15.1 0.67 16.25 8.33
Category 3 21,25,000 0.37x
Total 25,00,000 0.51x
ITI Ltd - FPO to open on January 24
Subscription figure of Telecom Industry PSU company's FPO to hit the market on Janu-
Shriram Transport Fin. NCDs ary 24, 2020 and will exit the market on January 28, 2020. It will offer
Category No. of Bond Issue 18 crore fresh equity shares and 18 lakh shares under Further Pub-
Offered/ Subscribed lic Offering (FPO). It will allot 75% shares to QIB, 10% to retail in-
Reserved 17-1-2020 vestors, 15% to non-institutional category and 1% to employees.
Cat. 1 QIB 2,00,000 0.00x The offer price will be announced soon. The book running lead man-
Cat. 2 NII 2,00,000 0.05x
agers are BOB Capital Markets, Karvy Investor Services and PNB
Cat. 3 HNI 8,00,000 0.26x
Cat. 4 Retail 8,00,000 1.79x Investment Services. Registrar is KFin Technologies Pvt Ltd and
Total 20,00,000 0.83x issue bankers is ICICI Bank Ltd.
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 36
INVESTMENT

Smart Best Buy S. N. Zaveri

Havells India : Expanding porfolio will increase sales

BEML : Tie up with IRCON will benefit
Amber Enter. : Huge rally in 3 months, still there is momentum
Escorts will see pre-budget rally
Tata Global : Well positioned for long term growth

Havells India (Rs. 638.00) (Code : 517354) :- Havells India is a leading FMEG
company (Fast moving electrical goods) with presence across India. Its product range includes
Industrial & Domestic Circuit Protection Switchgear, Cables& Wires, Motors, Fans, Power Capaci-
tors, Luminaires for Domestic, Commercial & Industrial applications, Modular Switches etc. Last
month, Havells India has forayed into the air-purifier segment, in a bid to grab a market share in the
fast-growing segment. The company said it aims to become among the top three players in the air-
purifier segment in the next three years. Launched under the brand Freshia, the new range of room
air-purifier is priced between Rs.14,490 to Rs.43,290 with claims of nine stage filtration process.
So, it grabs every opportunity to increase business. The promoters holding in the company stood
at 59.52%, while Institutions and Non-Institutions held 31.73% and 8.75% respectively. The stock
has consolidated around Rs.650 level for quite some time. Now, it is posied for new upmove. Buy.
BEML (Rs. 1016.00) (Code : 500048) : BEML has recently signed an MoU with
IRCON International to explore and address opportunities in the overseas market by synergizing
each other’s strengths for large infrastructure projects in the transportation sector. This MoU is
aimed at promoting the supply of BEML manufactured rolling stock as well as construction equip-
ment for railway projects outside India wherein IRCON will carry out civil and construction work as
well as facilitate design validation for rolling stock of BEML to address export opportunities to-
gether. BEML is targeting revenue of Rs.4,200 crore in the current fiscal, implying growth of about
20%. That will be a notable acceleration from the previous fiscal when revenue growth was a
sombre 5%.The company is benefiting from the ongoing push to public transport, especially metro
rail services across the country. BEML expects to end the current fiscal with an order book of
Rs.10,000 crore. Invest.
Amber Enterprises (Rs. 1326.00) (Code : 540902) :- Amber Enterprises is an
excellent Midcap Index company and is most suitable for investments during the period before the
budget. The company is into the business of contract manufacturing and has a large market share
in the air conditioner contract manufacturing segment. Amber Enterprises gets orders from all ma-
jor companies like Samsung, Panasonic, Voltas, and LG, which could give a further boost to its
profits, going forward. The Gurgaon-headquartered company is also likely to benefit from the on-
going metro construction works in 15-16 cities. The stock has seen huge rally in last three months.
It was hovering around Rs.900 plus and last week, the stock made new 52-week high of Rs.1350.
It has still the momentum. Buy.
Escorts Ltd. (Rs. 704.00) (Code : 500495) : Farm equipment and engineering
major Escorts Ltd has reported 10.5 percent decline in tractor sales at 4,114 units in
December.Domestic tractor sales last month were at 3,806 units, compared to 4,212 units in De-

Cont...
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 37
INVESTMENT
cember 2018, a drop of 9.6 per cent. Exports stood at 308 units as compared to 386 in the same
month last year, witnessing a decline of 20.2 per cent. In the quarter ended December 31, 2019 the
company sold 24,219 tractor in the domestic market, down 2 per cent compared to 24,720 units.
So, all in all, the data are ok. As the budget is near the corner and the government’s much focus on
agriculture, the FM is expected to announce benefits and relief for the sector which might benefit
the company. The stock is much below its 52-week high of Rs.833. The stock is trading at around
Rs.700. The stock will see pre-budget rally.
Tata Global Beverages (Rs. 380.00) (Code : 500800) : Tata Global Beverages
(TGBL) has been on investors’ radar from the start of 2020 as expectations of the company being
included in the MSCI index and appointment of a new chief executive officer have revived interest
in the stock. The chances of Tata Global, which will be renamed as Tata Consumer Products,
getting into the MSCI India index have gone up following the group restructuring that involves the
shift of consumer products business from Tata Chemicals to Tata Global. The company could find
a place in MSCI India index by end of February, according to analysts’ estimates. The shift of the
consumer business to Tata Global will improve its product profile.Given the company’s sound
fundamentals, strong branded portfolio of products, improving distribution and reach, restructuring
initiatives, expected revenue and cost synergies from the merger with the consumer business of
TCL and favourable macro traits, we believe the company is well positioned for long-term growth.
Accumulate.

(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
17th January, 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

Smart Investment : Subscription Rates

E-Copy Every Saturday eveaning in your Mail-box
E-mail Edition 1 Year 2 Year 3 Year
(Soft Copy) 1. Gujarati 1800 3200 4500
(Every Sunday Morning) 2. English 1100 1850 2650

(Soft Copy) 1 Year 2 Year 3 Year

(Every Sunday Morning) 1. Smart Plus 1400 2500 3300

Combined Package for Weekly & News Letter

Guj. & English E-Copy
(Every Sunday Morning) 1 Year 2 Year 3 Year
With 1. Gujarati 2700 5000 7400
Smart Plus News Letter
(Every Sunday Night)
2. English 2100 3900 5400

Internet Payment : Online Payment Gateway Facility thorugh your Credit / Debit Card is available.
Please logon to Tab “Subscribe” on our
web : www.smartinvestment.in
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 38
INVESTMENT

Dalal Street Whispers Dilip K. Shah

Reliance Industries (Rs. 1580.00) (Code: 500325) :- The country's largest com-
pany reported strong numbers for December quarter. Profit rose by 13.5% to a record high of Rs.
11,640 crores. Performance of retail and telecom business was better than expected. Top broker-
ages and analysts are bullish on the stock.
JB Chemicals (Rs. 475.00) (Code: 506943) :- The stock is up more than 50% in the
past year. Leading brokerage house IIFL has initiated coverage on JB Chemicals with a 'Buy' call
and a target price of Rs. 570. It has cited the company's strong net cash balance-sheet, low capex,
healthy cash flow, and regular buybacks for its call.
Star Paper (Rs. 139.00) (Code: 516022) :- The budget is likely to double the import
duty on paper. Moreover, paper companies such as Star, Maloo Paper, Ruchira Paper, and JK
Paper are expected to report strong numbers for December quarter.
Harrison Malyalam (Rs. 65.00) (Code: 500467) :- There is likelihood of import
duty hike on rubber, rubber chemicals, and tyres in the Union Budget. Shares such as Harrison, JK
Tyre, CEAT, MRF, Goodyear, NOCIL, etc. are likely to be in focus.
Balaji Amines (Rs. 456.00) (Code: 530999) :- Shares of Balaji Amines are ex-
pected to be in the focus in anticipation of relief in the upcoming budget.
Jai Corp (Rs. 118.00) (Code: 512237) :- The company owns 5900 acre land in and
around Mumbai, of which 1878 acre land is under development. A large chunk of its land holdings
are in the vicinity of the new airport of Mumbai.
Sudarshan Chemicals (Rs. 469.00) (Code: 506655) :- There is strong insider
buying in the shares of this specialty chemicals company. The stock can deliver 25% returns in a
year.
NIIT (Rs. 103.00) (Code: 500304) :- The central government is keen on promoting
PPP model in education sector. Shares of Apetch, Career Point, and MT Educare are likely to be in
focus in anticipation of some budgetary announcements in this regard.
Titagarh Wagons (Rs. 58.00) (Code: 532966) :- The company reported 62% rise
in sales and 2.5 times jump in net profit in the last quarter. There is movement in the stock in
expectation of the company bagging some more contracts.
Tata Global (Rs. 380.00) (Code: 500800) :- The company is being merged with the
consumer business of Tata Chemicals. The stock is likely to find a place in the MSCI index.
India Cement (Rs. 86.00) (Code: 530005) :- Ace investor Radhakishan Damani has
increased his stake in the company from 1.3% to 4.73% in the third quarter.
CSB Bank (Rs. 201.00) (Code: 542867) :- The Bank had entered the capital markets
recently. The Reserve Bank had barred CSB from opening new branches, but the restriction has
been withdrawn.
Deepak Fertilizer (Rs. 115.00) (Code: 500645) :- A pre-budget rally is being seen
in fertilizer shares. Moreover, this company has sold its land in Dahej for Rs. 99 crores.

Cont.....
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 39
INVESTMENT
SakSoft (Rs. 246.00) (Code: 590051) :- CARE has upgr? the rating for the company's
long-term bank facilities from CARE BBB+ positive to CARE A- Stable.
Torrent Pharma (Rs. 2000.00) (Code: 500420) :- The board of this Gujarat-based
company is slated to meet on January 27 to consider December quarter results, interim dividend,
and fund-raising plans.
GMR Infra (Rs. 23.00) (Code: 532754) :- The company has decided to divest 49%
stake in GMR Airports. It plans to use the funds raised to pare debt.
Wockhardt (Rs. 286.00) (Code: 532300) :- The company has recently won approval
of DGCI for launching two new antibiotic drugs.
Metropolis HC (Rs. 1647.00) (Code: 542650) :- The rapid growth in the company's
network, high growth in consumer segment, and stake acquisition in Shraddha Diagnostics, have
led to movement in the stock.
Granules India (Rs. 141.00) (Code: 532482) :- The board of this fertilizer segment
company is meeting on January 21 to consider share buyback proposal, financial results for Q3,
and interim dividend.

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

SMART 19th January 2020 to 25 th

January 2020 40
INVESTMENT

Investor’s Third Eye

Smt. Dr. Hemavathy / Padmanaban (Chennai)
E-mail : [email protected]

Astrological planetary predictions for stock market

Predictions : Dt. 20th Jan. to 24th Jan. 2020
In this week, the speculative planet Rahu occupies its position in Gemini, Mars in Scorpio, Ve-
nus in Aquarius, Sun and Mercury in Capricorn. Moon occupies its position in Scorpio, Sagittarius
and Capricorn. Jupiter, Saturn and Ketu occupies its position in the house of Jupiter-sagittarius.
The Saturn transit happens from Sagittarius to Capricorn (the house of Saturn) on Jan 23, 2020 at
around 22.27 hours
20th Jan 2020 : The speculative planet Rahu in the house of Mercury, Mars and Moon in Scor-
pio bring s good prospects to health sector, Pharmaceuticals, fertilizers, chemicals, cement sector,
railways, engineering sector. RITES, IRCTC, Navin Flourine, Balrampur Chinni, Sun Pharma,
Ajanta pharma, Welspun Corp Limited, ANG Life Sciences may shine
21st Jan 2020 : The conjunction of Ketu, Saturn and Jupiter in Sagittarius, Venus in Aquarius
makes the investors of banking, Information technology, infrastructure based sector, automobile
sector, iron and steel, agro based sector, seed producing firms to wait to reap good gains in future.
RITES, IRCTC, Mahickra Chemicals, Dhampur Sugar, Sakthi Sugar, Pitti engineering, Jubliant
Foods, Lupin, Balkrishna Industries may show good movement in share prices
22nd Jan and 23rd Jan 2020 : The conjunction of Ketu, Moon, Jupiter and Saturn in Sagittarius
and the speculative planet Rahu in the house of Mercury (Gemini) and the conjunction of Sun and
Mercury in Aquarius boost the paper firms, sugar firms, health sector,Consumer durables, pharma-
ceuticals, railways . RITES, IRCTC, Dhampur Sugar, Balrampur Chinni, Berger paints, Torrent
Pharma, Auro Pharma, Alkem Laboratories, PSP Projects may outperform
24th Jan 2020 : Saturn transit to Capricorn from Sagittarius to Capricorn brings great transfor-
mation in the stock market. The conjunction of Sun, Saturn and Mercury in Capricorn impacts the
paper firms, agro based firms, seed producing firms, banking and financial firms, Telecommunica-
tion sector, Information technology sector. Dhampur Sugar, Adani Green, Greaves Cotton, Neogen
Chemicals, dr. Lalpath, Alky Amines, Zuari Global, Jai Corp, Minda Industries may show good
growth in stock prices.

GOLD investments
20th January 2020 : On this day, Venus in Aquarius and the conjunction of Sun and Mercury in
Capricorn may bring volatility in gold price movements. Being auspicious muhuratha day people
may intend to procure gold.
21st January 2020 : Mars in Scorpio along with moon taking fifth position towards the house of
Jupiter Pisces may favor the gold market.
22 nd and 23 rd January 2020 : The conjunction of moon, Saturn and ketu and the lord of gold
and planet of wealth Jupiter and the speculative planet in the house of Mercury create volatility in
gold prices. People tend to buy more gold.
24 th January 2020 : The Saturn transit to Capricorn from the house of Jupiter strengthens the
gold market prospects that make the people strongly adhere to gold as a safer asset class and buy
more gold.
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 41
INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
[email protected]

Sensex Predictions : Dt. 20th Jan. 2020 to 24th Jan. 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.

20-01-2020 Monday :- " Friends, tomorrow is a zero weightage day, so stay alert while
doing business. " From opening till 10:30, Nifty will do trade around the surface. " From 10:30 to
11:30, Nifty will be up. " From 11:30 to 14:15, it is not at all a good time for Nifty, so only do jobbing
" From 14:15 to 14:45, there will be a technical bounce. " From 14:45 to 15:30, Nifty will do timepass.
21-01-2020 Tuesday :- " Today is a zero weightage day, so avoid long position and
focus only on intraday. " Ideally, one should not do anything on such a day but if you are doing
something then move ahead with the below-mentioned pattern " As Moon-Mars are in conjunction,
so there will be aggressive trade in the market. " Buy Nifty around 10:00 and exit around 11:10. "
Sell Nifty around 12:44 and exit around 14:04. " The remaining time is of Mutual Fund and FII, so
avoid doing trade.

22-01-2020 Wednesday :- " Today and tomorrow both the days Moon doesn't have its
strength, so don't take much risk in liquid cash. " From 9:15 to 12:15, do buy-sell in Nifty and exit
with Rs 3 margin, don't take much risk. " From 12:15 to 13:15, there will be some upside move-
ment. " From 13:15 to 15:30, there is no clarity but it may be (down around 13:27) and (up around
14:51)
23-01-2020 Thursday :- " Divide the time from 9:15 to 11:15 into 2 parts, the time slot will
be as under " Part 1 - Down phase " Part 2 - Up phase " From 11:15 to 13:15 is a vey boring time,
so there will be no gains " From 13:15 to 14:25, Nifty will be somewhat down. " From 14:25 to 15:
0, will be the highest volatile/vibrant and unpredictable slot today. During this slot, if you trade
setting limits on both sides, you can earn good money.

24-01-2020 Friday :- As today is Moonless night (Amavasya), so Moon will be less

powerful. So trade with a strategy. " The market will open on the downside, and from wherever it
opens after that, from there it will uptrend step by step. " From 11:05 to 12:33, you will see a graph
like the capital letter W, so you have to decide what you want to do. " The market will go down step
by step from the point where it is around 12:33 and it may continue to go down till 13:50. " After
13:50, the Nifty graph will resemble an electric wave, so it is the time to trade quickly and the
market will never be stable, so play it like a 20-20 match.
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 42
INVESTMENT
News Track

ITI Mutual Fund garners Rs 164 crores in

ITI Balanced Advantage Fund NFO
· This is the sixth fund launched by the fund house · ITI Mutual Fund is
expanding its network and plans to set up 48 branches with emphasis on
T30 locations.
ITI Mutual Fund started its operations in April 2019. The AMC is a new entrant in the mutual
fund industry and is backed by a large conservative cash rich business group.
ITI Balanced Advantage Fund NFO started on December 9, 2019 and has received excellent
response from the investors and has collected more than Rs 164 crores. The NFO closed on De-
cember 23, 2019 in which more than 1000 distributors participated.
ITI Balanced Advantage Fund is an excellent investment solution for all types of investors. The
fund enables to ride through emotions of greed & fear smoothly. It also has the potential to deliver
consistent long-term risk-adjusted returns and smooth investing experience by dynamically allo-
cating money between equity and debt.
Till now ITI Mutual Fund has launched 5 schemes - ITI Multi Cap Fund, ITI Long Term Equity
Fund (ELSS- Tax Saving Fund), ITI Arbitrage Fund, ITI Liquid Fund and ITI Overnight Fund. ITI
Balanced Advantage Fund is the sixth NFO that the fund house has launched and has got a fan-
tastic response.

Financial Weekly
Every Sunday Every Wednesday

English & Gujarati Edition Gujarati Edition

Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 43
INVESTMENT

REVIEW OF “SMART PLUS NEWS LETTER”

Amazing 23% RETURN
SMART GAIN FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
13-1-2020 High (%) 13-1-2020 High (%)
Caprihans India 44.95 52 15.68 SPARC 183 192 4.92
Bata India 1755 1789 1.94 Aurobindo Pharma 457 486 6.35
Ratnamani Metal 1149 1226 6.7 Cadila HC 258 270 4.65
Voith Paper 835 865 3.59 Sun Pharma 443 448 1.13
Tata Global 341 391 14.66 Tata Motors 196 200 2.04
Technocraft Ind. 353 373 5.67 IPCa Labs. 1190 1249 4.96
Balkrishna Ind. 1040 1102 5.96 HCL Techno 580 595 2.59
Glenmark Pharma 346 351 1.45 Welspun Corp. 168 181 7.74
Cummins India 587 593 1.02 L&T Fin. Holding 121 126 4.13
GMM Pfaudler 1904 2003 5.2 Granules India 128 144 12.5
Navin Flourine 1071 1087 1.49 Bombay Dyeing 88 91 3.41
Muthoot Fin. 747 788 5.49 PTC India 59 62 5.08
Mah. Logistics 432 448 3.7 Murudeshwar Cera. 22.5 23 2.22
Jubilant Ind. 128 134 4.69 Pitti Engg. 44 47 6.82
EID Parry 229 236 3.06 Dhanlaxmi Bank 14.6 15 2.74
Berger Paints 512 547 6.84 IRB Infra 82 95 15.85
Torrent Pharma 1899 1924 1.32 Centrum Capital 24.8 27 8.87
Sudarshan Chem. 448 459 2.46 ITD Cementation 56.8 61 7.39
Deeapk Fert. 106 119 12.26 Hathway Cable 20.1 22 9.45
Titagarh Wagons 55 59 7.27 HUDCO 39.8 41 3.02
VST Tillers 1288 1336 3.73 McDowell Holding 21 26 23.81
Relaxo 635 665 4.72 Oswal Greentech 12.35 13 5.26
Infosys 738 775 5.01 Brooks Labs. 35 37 5.71

Only Subscribers will get SMART PLUS NEWS LETTER

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

SMART 19th January 2020 to 25 th

January 2020 44
INVESTMENT

Smart Investment
Subscription Rates Revised from : 1st Jan. 2018

ELðuMx{uLx
Smart Investment Weekly
Gujarati Edition to cost Rs. 40/- Gujarati
From 1st January 2018
1 Years ` 1800/-
Edition
Our Soft
Copy
2 Years ` 3200/-
subscription
rates 3 Years ` 4500/-

Smart Investment Weekly

English Edition to cost Rs. 25/-
English From 1st January 2018

Edition Our Soft 1 Years ` 1100/-

Copy
2 Years ` 1850/-
subscription
rates 3 Years ` 2650/-

Smart Bonanza (Published on Every Wednesday )

Executive rate from 1st January, 2018

Subscription
12 Month Rs. 950
2 Year Rs. 1700
3 Year Rs. 2500
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 45
INVESTMENT

Editor : Dilip K. Shah

ARCHI PUBLICATIONS
311 to 313, Nalanda Enclave, Pritamnagar 1st Dhal, Ellisbridge, Ahmedabad-6. GUJARAT, INDIA
Phone : 079 - 2657 66 39, Fax : 079 - 2657 99 96 • Mob. : 0982500 6980
E-mail :
[email protected] / [email protected] / [email protected]

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

SMART 19th January 2020 to 25 th

January 2020 46
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 wherein subscribers to this service will be given through
SMS/Email Breaking News and Other Buy / Sell Ideas which
happen during the week i.e. during the interval of publication
of our 2 issues.
Such information will be ahead of our competitors and will
enable subscribers to reap rich dividend in short term/few
days as well as early entry for LongTerm Wealth creation.
Investors interested to subscribe to DOW can provide their
Mobile no and email id and make payment of

Rs 5000/- (for 1 year)

in favour of Archi Publications

Contact : (M) 9825006980 & 9979330348

[email protected] , [email protected]

: : : Bank Details : : :
HDFC Bank : Current A/c No. : 00062560008858
Beneficiary Name : Archi Publications
RTGS / NEFT IFSC : HDFC0000006
Navrangpura Branch, Ahmedabad-380009.
 Subscription Chart
E-mail Edition (Soft Copy) (Every Sunday Morning)
Smart Investment Weekly 1 Year 2 Years 3 Years
1. Gujarati Edition 1800 3200 4500
2. English Edition 1100 1850 2650

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

(Every Sunday) * For Private Circulation only
News Letter 1 Year 2 Years 3 Years
1. Smart Plus 1400 2500 3300

Combined Package for Weekly & News Letter

Guj. & English Weekly E-Copy (Every Sunday Morning)
With Smart Plus News Letter (Every Sunday Night)
1 Year 2 Years 3 Years
1. Gujarati + Smart Plus 2700 5000 7400
2. English + Smart Plus 2100 3900 5400

Contact : 079-26576639 (M) 9825006980

[email protected] , [email protected]
: : : Bank Details : : :
HDFC Bank : Current A/c No. : 00062560008858
Beneficiary Name : Archi Publications
RTGS / NEFT IFSC : HDFC0000006
Navrangpura Branch, Ahmedabad-380009.
Financial Weekly

SMART 19th January 2020 to 25 th

January 2020 48
INVESTMENT

Warning :-

Your soft Copy (E-mail Edition)

is for your exclusive use only.
Any attempt to share your copy
or
forwarding your copy
to a non-subscriber
will disqualify your membership
&
We will be compelled to stop
your supply
and
forfeit your subscription
thereafter without
any
refund to you.