1 Oct 2018

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
Financial Weekly
SMART 30th Sep. 2018 to 6th Oct. 2018 2

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.
Contact : 079-26576639 E-mail : [email protected]
Financial Weekly

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 776680 079-25508732
Vinod Agency 098254 84098 079-25510104
Mohsin Mansuri 098250 35928 079 - 25350794
Anand Mistry News Agency 098251 73432 02692 - 251032
Akola Vishnu Book Seller 072424 39444
Baroda Shreenath News paper 098982 40228 0265-2413049
Baroda A.G. Vora & Co. 098240 95716 0265-2323248
Bhavnagar Prem News Agency 094289 90615
Suchdev Agency 099040 72336
Bharuch Falgun News Agency 098792 37236
Gandhidham A.H. Pandya 098252 37212 02836-220212
Jodhpur Sarvoday Book Stall 0291-26533734
Jamnagar Mahesh Agency 098982 85979
Mehsana Mens Paper Agents 098256 36988 27621236007
Mumbai Varavadkar & Co. 093231 29040
Navsari Jaydeep News Agency 098983 59235
PUNE Sandesh AGency 020-66021340
Rajkot Thakkar News Aghency 099241 33518 0281-2233518
Surat Surat Book Centre 0 98790 44220 0261-2431158
Solapur Aparna Agency 094220 65825
Surendranagar M. B. Shah 098982 18921
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
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
67
GAMC No. :1703/2018-20. Issued by SSP Ahd. Valid up to 31-12-2020

VOL : 11 • Issue No: 33 RNI No : GUJENG / 2008 / 24320 30th Sep. 2018 to 6th Oct. 2018
FII Activity (Rs. in Cr.)

Date Buy Value Sell Value Net Value
24-09-18 7589.48 8113.42 -523.94
25-09-18 6043.84 7275.54 -1231.7
26-09-18 5867.51 6677.46 -809.55
27-09-18 8870.72 8318.28 552.44
28-09-18 7354.62 9054.56 -1699.94
total 35726.17 39439.26 -3712.69
DII Activity (Rs. in Cr.)
Date Buy Value Sell Value Net Value
24-09-18 5471 3943.33 1527.67
25-09-18 6271.86 3987.6 2284.26
26-09-18 4982.95 3427.51 1555.44
27-09-18 6559.62 6746.31 -186.69
28-09-18 8022.84 4766.5 3256.34
Total 31308.27 22871.25 8437.02
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
67 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 6 30th Sep. 2018 to 6th Oct. 2018

INVESTMENT
Shubham Polyspin Limited

Spinning Revenue and Profit
Shubham Polyspin Limited is entering into the capital market. It will issue 15,00,00 equity shares. Issue
Price has been Rs. 40 per share. It will raise Rs. 600 lakh from this issue. Issue will open on 28th Septem-
ber, 2018 and will close on 04 October, 2018
Corporate Feature
Industrial Yarn manufacturer of
Shubham Polyspin Limited mainly in the
business of production and marketing in-
dustrial yarn and polypropylene webbings
and narrow woven fabrics products.
Shubham Polyspin manufactures Polypro- Issue Details
pylene Multifilament Yarn of various types Issue Opens : Sep 28, 2018
Issue Closes : Oct. 04, 2018
i.e. Air-Intermingled yarn, Twisted Yarn & Issue Price : Rs.40 Per Equity Share
Shubhlon Bag closing yarn. These yarns Total Issue Size : Rs.600 lakh
Issue Size : 15,00,000 equity shares
are used in various fields like Geo-Textiles, Non Retail Portion : 7,11,000 Equity Shares
Filter Cloth, In FIBC, HDPE, PP Bags as Retail Portion : 7,11,000 Equity Shares
Market Maker Portion : 78,000 Equity Shares
Mouth & bottom closing thread, Narrow Face Value : Rs.10 Per Equity Share
Woven Fabrics (webbings & tapes) etc. It Issue Type : Book Built Issue IPO
Lot Size : 3000 Shares
caters to diverse customer demands. Listing At : BSE SME Emerge
Shubham Polyspin Limited is entering
Installed Capacity V/s. Capacity Utilization
into the capital market next week through INSTALLED CAPACITY CAPACITY UTILIZATION
3000 2400 3000
an SME IPO. It will issue 15,00,00 equity 2500 2500 2122.03
2000 1900 2000 1604.94
shares of Rs. 10 each. Issue Price has been 1500 1200 1500 1091.57
1000 1000
Rs. 40 per share. It will raise Rs. 600 lakh 500 500
250 250
0 0
from this issue. Issue will open on 28th FY FY FY FY FY FY
15-16 16-17 17-18 15-16 16-17 17-18
September, 2018 and will close on 04 Oc-
tober, 2018. Minimum application is to be Key Financials
made for 3000 shares and in multiples Profit After Tax 148.15 3500
160 Total Revenue
140 (Rs. in Lakhs) 3000
thereon, thereafter. Post allotment, shares 120 2500
(Rs. in Lakhs)
100 2000
2827.00
will be listed on BSE SME Emerge. Bee- 80 1500

1771.19
1540.45
1000
1354.57
60
24.81 500
Shubham Polyspin Limited manufactures 40
20
20.47 21.85
250
textile products. The Company produces 10 125
0 0
and markets industrial yarn and polypro- March March March March March March March March
2015 2016 2017 2018
pylene webbings and narrow woven 2015 2016 2017 2018
fabrics products Cont...

Financial Weekly

INVESTMENT
Issue Objects
1. Modernization of Plant &
Machineries, Building &
Electrification Rs. 172.35 Lakhs (28.72%)
2. Public Issue Expenses Rs. 80.24 Lakhs (13.37 %)
3. Working Capital
Requirements Rs. 270.00 Lakhs (45.00%)
4. General Corporate
Purpose Rs. 70.00 Lakhs (11.67%)
line Broking Limited is the Sole lead man- 5. Developing of
New Products Rs. 7.41 Lakhs (1.24%)
age of the issue and Link Intime India Pri-
vate Limited is the Registrar to the issue.
Products of Shubham
The Company’s customers are large &
credible industrial entities. Within 2 years, PP webbings
Shubhlon &
Company has developed an excellent cli- bag closing narrow
entele base and values every client that threads woven
fabrics
works with Shubham, with the aim of main-
taining long & friendly relations with them.
The Company uses advanced technol-
ogy & machinery producing quality yarn that
Polypropylene multifilament yarn
conforms to international standards. Their (twisted and air intermingled yarn)
manufacturing process is completely auto-
mated from the feeding of raw material in
Applications of the products
Polypropylene Multifilament Yarn :- Narrow Woven Fabric
the machine to packaging of finished prod- (PP Webbings/Tapes), Stitching & Webbing of FIBC Bag.,
Bottom Closing of Woven Sack., Mouth Closing of Woven
uct. Thus, enhancing our production, prod- Sack., Ropes, Geo-Textile Woven Fabric, Industrial Fabric &
Bags
uct strength & its quality.
PP Webbings and Narrow :- Wowen Fabrics, Sports Goods,
On Financial font, the company has been Automotive & Racing Safety, Bags, Healthcare, Aerospace,
Furniture, Transportation
continuously improving its balance sheet
Cont...

Financial Weekly

INVESTMENT
Promoters of Shubham
Mr. Anil Devkishan Somani (56 years)
He has been appointed as a Managing Direc-
tor of the Company for 3 years w.e.f. August 04,
2018. He ha studied B.com. He has a rich experi-
ence of more than 35 Years in the family Business
with respect to all the aspects and facets of various
functions. He has main function of handling the
secretarial, legal and human resource functions in the company.
since last five years. For the FY18, its rev- Mr. Ankit Anil Somani (29 years)
He holds Master of Business Administration
enue was Rs. 2,827 lakh and net profit was Degree in Finance and Investment Management
from Prifysgol Cymbro University of Wales. He is
Rs.148.15 lakh against revenue of Director of the Company. He has an experience
of more than 8 years in the family business with
Rs.1771.19 lakh and net profit of Rs.21.58 respect to production, planning and sales. He is the guiding force
behind all the corporate decisions and is responsible for the entire
lakh in the earlier year. Its revenue was Business operations of the Company since his appointment.
Rs.1540.45 lakh and net profit of Rs.24.81 Mr.Akshay Anilbhai Somani (25 years)
He holds M.B.A. (Master of Business Adminis-
lakh against Rs.1354.57 lakh and Rs.20.,47 tration) in Family Business Management from
Nirma University by qualification. He is Director of
lakh respectively in the earlier year. the company. Further he is also appointed as CFO
With a monthly production capacity of 200 of the company. He has an experience of 5 years
in the family Business with respect to all aspects
MT, the promoters also focused to penetrate connected with Business. He has got special focus and hands on
expertise with respect to all aspects connected with business.
in countries like Belgium, Uganda, Zimba-
bwe, Africa, Poland, Italy, Turkey, Katar, Srilanka, Bangladesh, Tanzania, Nigeria, Madagascar
and Kenya. The products of the company were well received in export markets and recently the
company purchased 5th machine having installed capacity of 50 MT/per month. The said machine
was fully operational from July, 2018 and currently the total combined capacity of the company is
250 MT/per month.
The industry is poised for rapid growth in coming years. Trend of launching new products is
expected to drive up the estimated valuation of the market to $ 7.3 billion by 2026-end. The nomi-
nal growth of the industry is expected to be 11.5 per cent in the financial year 2018-19. The market
would rise at a steady 6.9 per cent CAGR between 2017 and 2026. So, there is scope for huge
growth for companies like Shubham.
***

Financial Weekly

INVESTMENT
Rapid Fire Stocks

- Kalpna J (Email- [email protected]) (Ring : 97690 37711) Twitter : @Kj_TechTrades
Last Week Performance of Rapid Fire Stocks

Reliance - 1225 to 1279
HDFC Bank - 1970 to 2024
Sell Recommendation
Sell Muthoot Finance - CMP- 403, Target- 375-360 - SL - 431
Stock is trading below all its EMA and has Broken Its Strong Support of 417 at 200 EMA
Tech Mahindra (Rs. 744.00)

Targets - 789-851 , Time Frame - 6 to 24 Months, SL - 715
Tech Mahindra Limited is a specialist in digital transformation, consulting and business re-engi-
neering solutions and is a part of the Mahindra Group. Started its life in the year of 1986 as Mahindra-
British Telecom Limited, for over two decades, Tech Mahindra has been the chosen transforma-
tion partner for wireline, wireless and broadband operators in Europe, Asia-Pacific and North
America.
As a leading provider of IT Solutions to the Telecom industry, the company committed to quality,
Tech Mahindra adds value to client businesses through well-established methodologies, tools
and techniques backed by its stringent quality processes. It is ISO 9001:2000 certified and is as-
sessed at SEI-CMMI Level 5. Tech Mahindra is a USD 4.1 billion company with 112,800+ profes-
sional across 90 countries, helping over 825 global customers including Fortune 500 companies.
Tech Mahindra’s business process outsourcing (BPO) arm is the ‘Business Services Group’
(BSG), with global presence in 15 countries and handling 300 million+ transactions annually.The
USD 17.8 Billion Mahindra Group
Category No. of shares Percentage is a global federation of companies
Promoters 352,450,608 35.99 employing more than 200,000
Foreign Institutions 357,786,396 36.53 people in over 100 countries.
General Public 91,084,851 9.30
The group operates in the key
NBFC and Mutual Funds 72,357,538 7.39
industries that drive economic
Financial Institutions 67,955,956 6.94
growth, enjoying a leadership posi-
Others 34,878,904 3.56
tion in tractors, utility vehicles, after
Central Government 2,144,427 0.22
market, information technology and
GDR 459,660 0.05
vacation ownership.
Foreign Promoters 242,904 0.02
Cont....

Financial Weekly

INVESTMENT
Infosys (Rs. 727.00)

Targets - 790-850, Time Frame - 5 to 12 months, SL- 688
Infosys Limited is an Indian multinational cor- Market Capital(Cr.) Rs 279,841.28
poration that provides business consulting, in- Face Value: Rs 5.00
52 Week High/Low: Rs 1,291.50/860.00
formation technology and outsourcing services. Avg Volume(10 days): 27,25,770.00
It has its headquarters in Bengaluru, Karnataka. Circuit Limits Rs N.A/N.A
TTQ(Lakh) Rs 99.79
The company is engaged in software develop-
ment in the form of services, turnkey projects and products for the domestic and export market. The
software development is targeted towards the distribution, banking, telecommunication and manu-
facturing sectors worldwide
Infosys is a global leader in next-generation digital services and consulting. They enable cli-
ents in 45 countries to navigate their digital transformation. With over three decades of experience
in managing the systems and workings of global enterprises, and expertly steer the clients through
their digital journey. They do it by enabling the enterprise with an AI-powered core that helps priori-
tize the execution of change and also empower the business with agile digital at scale to deliver
unprecedented levels of performance and customer delight. Their always-on learning agenda drives
their continuous improvement through building and transferring digital skills, expertise, and ideas
from the innovation ecosystem.
Buy... Buy... Buy on Dips Hold Sell on High

Bharat Forge 601.00 Bandhan Bank 564.00
Liberty Shoes 163.00 Super House 117.00 Relaxo Foot 726.00 Yes Bank 183.00
Filatex India 43.00 Hindalco 229.00
LUPIN 900.00 Escorts 610.00
Prabhat Dairy 122.00 EIH 147.00
ITC 296.00 Adani Enter 130.00
Andhra Petro 69.00 PPAP Auto 396.00
ONGC 177.00 Tata Motors 223.00
Greaves Cotton 132.00 Voltas 529.00 Bharti Infra 262.00 Coal India 266.00
JK Tyres 97.00 Dilip Build. 653.00 HCL Techno 1088.00 Ajanta Pharma 1061.00
Nalco 60.00 Talbross Auto 245.00 United Spirit 513.00 Century Tex. 823.00
Ador Fintech 112.00 Hind. Zinc 290.00 Aurobindo Ph. 743.00 Just Dial 477.00
Mirza Intl. 82.00 Delta Corp. 210.00 Dr. Lal Path 954.00 Karnataka Bank 97.00
Int. Travel House 158.00 TD Power 127.00 Nelco 237.00 DLF 162.00
JM Fin. 86.00 EIMCO Ele. 322.00
Financial Weekly

INVESTMENT
SMART
BUY OF THE WEEK
Dark Horse
AMAL LTD
(506597) (149) (Face Value Rs.10)
AMAL LTD was promoted by Piramal Group in Particular Qtr. End.
1974-75 and the controlling interest was sold to Atul Q1FY19 Q1FY18 % Var.
Ltd of Lalbhai Group in 1985-86.Lalbhai Group is the Sales 9.25 6.43 44
PBT 4 1.39 188
leading industrial group of Gujarat, which has com-
PAT 2.96 1.39 113
panies such as Atul and Arvind Limited. EPS 3.14 1.98 59
Amal Ltd is engaged in manufacturing and market-
ing bulk chemicals such as Sulphuric Acid and Oleum and their downstream products such
as Sulphur Dioxide and Sulphur Trioxide. These chemicals are predominantly used by Chemical
and Dyestuff industries. The plant is located in Ankleshwar, Gujarat, India.
It has an equity base of just Rs.9.43crore. The promoters hold 65.51% while the investing
public holds 34.49% stake in the company.
For Q1FY19, its PBT zoomed 187.76% to Rs.4crore while its PAT soared 112.95% to
Rs.2.96crore from Rs.1.39crore in Q1FY18 on 43.85% higher sales of Rs.9.25crore fetching
an EPS of Rs.3.14. The price of sulphuric acid rises sharply in last few months which is
highly positive for this company and expect strong numbers from company in coming quar-
ters.
Currently, this ATUL group's stock available at a P/E of just 11x which is cheapest in
chemical sector in this boom period. ATUL LTD is trading around Rs.3200 levels. AMAL was
touched Rs.226 in November-17 & now it is available 34% lower against its 52 week high
price.
Investors can accumulate this stock with a stop loss of Rs.125. It may give very good
returns in medium to long term.
Cont...

Financial Weekly

INVESTMENT
ACKNIT INDUSTRIES
(530043) (139) (Face Value Rs.10)
On 11th June 2018, we had recommended this stock Particular Qtr. End.
at Rs.89.35 as DARK HORSE. Stock zoomed to Rs.148 Q1FY19 Q1FY18 % Var.
levels and recorded almost 66% appreciation in just 3.5 Sales 34.33 37.16 -8
months in highly negative sentiment for small cap stocks. PBT 1.12 0.79 42
With strong Q1FY19 numbers stock is looking highly at- PAT 1.2 0.47 155
tractive at CMP also. EPS 3.95 1.88 110
Incorporated in 1990, Acknit Industries Limited formerly
Known as Acknit Knitting Limited, is an ISO 9001 - 2008 Public Limited Company, In a span of
twenty six years of operations it is now one of the largest manufacturers and exporters of industrial
gloves and garments.
Acknit is having three different manufacturing divisions near Kolkata, India via.
1. Seamless Gloves Division - :- Situated in Special Economic Zone (SEZ) manufacturing
Seamless Gloves made of 100% Cotton, Poly / Cotton, Nylon, Kevlar, HPPE and other special cut
resistant blended yarns etc., for cut lever 1 to 5., ACKNIT is having 3 coating facilities which pro-
duces PU Coating, Nitrile Coating & Layex Coated Gloves.
2. Industrial Leather Products Division :- Acknit owns a full integrated setup backed up with
its own tanning facilities for manufacturing Leather Gloves and special type of Leather Gloves of
Kevlar / HPPE / Glass Yarns with leather stitch on the palm and at the back of the finger tips. It is
one of the fastest growing and leading exporters from India in a short span of time.
3. Industrial Garments Division :- Manufacturing various types of Industrial Garments made
of Cotton, Poly / Cotton, high visibility fabric with 3m reflective tape, heat resistant, Nomex and T-
Shirt of all types. All the units are of international standards with sophisticated machinery and state
of the art facilities having adequate production capacity to meet the growing market demands. The
products are manufactured as per CE norms and well approved by the overseas customers. Over
90% productions are exported to European countries regularly and it is a recognized export house
by the government of India.
It has an equity base of just Rs.3.04crore that is supported by reserves of around Rs.38.28crore.
It has a share book value of Rs.135.93 & price to book value ratio is just 1.02x which is impressive.
The Promoters hold 50.33% while the investing public holds 49.67% stake in the company.
During Q1FY19, it posted 155% higher PAT at Rs.1.20crore v/s Rs.0.47crore in Q1FY19 on
sales of Rs.34.33crore fetching an EPS of Rs.3.95. Currently, the stock trades at a P/E of 10.9x. It
is regular dividend paying company and it has paid 15% dividend for FY18.
Investors can accumulate this stock with a stop loss of Rs.115. It may give very good returns in
medium to long term.

Financial Weekly

INVESTMENT
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
Every Sunday Every Wednesday
English & Gujarati Edition Gujarati Edition

Financial Weekly

INVESTMENT
Veeram Infra Engineering

Limited launches BSE SME IPO
Corporate Feature
Issue Details
Issue Opens : Sep 28 2018
Issue Closes : Oct 08 2018
Issue Price : Rs.51 Per Equity Share
Total Shares : 21,06,000
Face Value : Rs. 10 Per Equity Share
Issue Type : Fixed Price Issue IPO
Issue Size : Rs.10.74 crore
Lot Size : 2000 Shares
Listing At : BSE SME
Veeram Infra Engineering Limited Company is
entering into the capital market next week
through an SME IPO. It will issue 21,06,00
equity shares. Issue Price is Rs. 51 per share.
It will raise Rs. 10.74 crore from this issue.
Veeram Infra Engineering Limited is Issue will open on 28th September, 2018 and
Ahmedabad based company which is engaged will close on 08 October, 2018
in Printing, Graphics, General Mercantile Trading and Real Estate. Over the Objects of the Issue
last 2-3 years, promoters have a developed a focused and bigger vision in the 1. Working Capital
real estate sector. In order to execute the same, the promoters have decided Requirement
to diversify its business actitivies in the real estate sector. With this mission in 2. Issue Expense
their mind, the promoters have made the necessary changes in the Company`s MoA wherein its 70%
revenues from now on shall be earned through its real estate business and the remaining from its ancillary
business.
Veeram Infra Engineering Limited Company is entering into the capital market next week through an
SME IPO. It will issue 21,06,00 equity shares of Rs. 10 each. Issue Price has been Rs. 51 per share. It will
raise Rs. 10.74 crore from this issue. Issue will open on 28th September, 2018 and will close on 08 October,
2018. Minimum application is to be made for 2000 shares and in multiples thereon, thereafter. Post allot-
ment, shares will be listed on BSE SME Emerge. First Overseas Capital Limited is the Sole lead manage of
the issue and Karvy Computershare Private Limited is the Registrar to the issue.
On financial front, the company is improving year by year. Its revenue has jumped from just Rs.3.55 lakh
in FY14 to Rs.1281 lakh in FY18. Its profit also gallopped from Rs.0.02 lakh in FY14 to Rs.67.07 lakh in
FY18. Its revenue was Rs.3.95 lakh and net profit was Rs.0.02 lakh in FY17 against revenue of Rs.2.94
lakh and net profit of Rs.0.01 lakh in the earlier year i.e.FY16.
Veeram Infra Engineering Limited was incorporated in 1994. The company entered into the business of
Cont...

Financial Weekly

INVESTMENT
CURRENT FINACIAL INDICATORS

Particulars 2017-18 2016-17 2015-16 2014-15 2013-14
(Rs. in Lakh)
Turnover 1281.50 3.95 2.94 3.88 3.55
Net Profit 67.07 0.02 0.01 0.01 0.02
Net Worth 652.58 8.62 8.60 8.59 8.59
Return on Networth (%) 10.28 0.23 0.12 0.12 0.26
NAV (in Rs.) 28.00 1.61 1.60 1.60 1.60
EPS (in Rs.) 2.88 0.00 0.00 0.00 0.00
Current Asset to
Liability Ratio 3.02:1 0.28:1 0.25:1 0.20:1 0.17:1
Graphic Designing. Being successful in graphic

designing and the growing demand for graphics
printing, Promoters decided to expand its cur-
rent business in 1996 through the forward
intergration strategy, i.e., it started its own print-
ing business. Promoters added the printers hav-
ing the latest technology that helped the com-
pany in offering multi-colour offset printing ser-
vices, single colour offset printing services, com- Promoters of Veeram Infra
mercial printing services for calendars, catalogs, Engineering Limited Company
brochures, posters, annual reports manuals, etc. Mr. Satishkumar R. Gajjar
Backed by a team of qualified and skilled pro- Aged 54 years, He is the Promoter, Man-
aging Director & Chief Financial Officer of the
fessionals and lastest printing technology, the company. He has more than 25 years of ex-
company has obtained a long list of reputed cli- perience in business management and since
last 2-3 years he has been associated with
entele. Real Estate Industry and has gained fair
Real estate business shall include development Knowledge of Real Estate Development. He looks after Over-
all Business Development, Project Implementation, liasoning
and sale of land, residential properties including with brokers and government authority.
identification and acquisition of land, development Mr. Dhaval S. Gajjar
of land & infrastructure, acquisition of development Aged 27 years is the Professional Non-
Executive Director of the company. He has
rights of projects, marketing of projects/land. Cur- completed his diploma in animation from
rently, the company has entered in to a land de- Maya Academy of Advanced Cinematics
in year 2014. He has more than 3 years of
velopment agreement for Land Development and experience in the field of arts, animation and designing. As a
Plotting Project at Village Zamp, Taluka Sanand, Director of the Company with corporate acumen, he brings
value addition to the Company.
District Ahmedabad, Gujarat. It is in the process
Veeram Infra Engineering Limited is
of land development and plotting of the above land
Ahmedabad based company which is engaged
admeasuring approximately 7.34 hectares. It will in Printing, Graphics, General Mercantile
be doing the levelling and land filling work and will Trading and Real Estate. Over the last 2-3
also do plotting and boundary work to sell these years, promoters have a developed a focused
and bigger vision in the real estate sector
plots in different sizes as per the customer require-
Cont...

Financial Weekly

INVESTMENT
ments.
Promoter together have an approximate 20 years plus experience in business management and over 2
years of experience in real estate sector. Promoters experience and execution capabilities will enable the to
understand and anticipate market trends, manage the growth and expansion of our business operations,
procure and maintain necessary permits and licenses in a timely manner, and respond to trends in design,
engineering, based on customer preferences.
The Indian real estate market is expected to touch US$ 180 billion by 2020. Housing sector is expected
to contribute around 11 per cent to India’s GDP by 2020. Retail, hospitality and commercial real estate are
also growing significantly, providing the muchneeded infrastructure for India's growing needs. Rapid
urbanisation bodes well for the sector. The number of Indians living in urban areas is expected to reach 543
million by 20251. More than 70 per cent of India’s GDP will be contributed by the urban areas by 2020. 4th
largest sector in terms of FDI inflows. FDI in the sector1 stood at US$ 24.67 billion from April 2000 to
December 2017. FDI in the sector is estimated to grow to US$ 25 billion by FY22. Government of India’s
Housing for All initiative is expected to bring US$ 1.3 trillion investments in the housing sector by 2025.
The Indian Print Industry grew at 3% to reach INR 303 billion in 2017. The Indian Print Industry, growing
at an annual rate of 12%, comprises of more than 250,000 big, small and mediam printing companies. The
estimated turnover ofthe industry is USD 11 billion. There has been a revolutionary change in the last 15
years in the printing industry in India. The packaging printing industry is growing at an annual rate of 17%,
commercial printing at an annual rate of 10-12% and digital printing at a robust growth rate of 30%. However,
the impeding growth of the Indian Printing Industry can be held accountable for by the global financial crisis,
but the total print products industry will continue to grow at an annual rate of 6.8% over the years.
**

Financial Weekly

INVESTMENT
TRADNICAL STRATEGY
Email: [email protected], M. 9228237373
NIMESH THAKER, BARODA
Sebi Registered NO. : INH000005874
Nifty near to crucial support level,

Expect Bounce
Last week, market was remain highly volatile where carnage seen across mid and small
cap stocks. Now, negative news flow like higher crude oil price and currency volatility from
global market are remain continues. While on domestic level- regulator are trying cure IL&FS
issue. I think investor who want to invests for long term should start buying companies with
good fundamental . While for trader should wait for reversal in market.
On technical point of view Nifty trading near strong support zone of 200 EMA near 10750
level and also it is near to oversold zone. So we can not rule out any trading bounce from
support zone. on down side 10850-10720 would act as strong support zone while on upside
11200 would act as resistance zone.
On option side highest open interest build in 11000 put option and 11500 call option indi-
cate that market would likely to remain in range of this but closing price of nifty was below
11000. One interesting point I noticed that on Friday nifty was tested 10850 level at that time
I was not seen any significant change in open interest build up in 11000 put opting, it indi-
cates trader are not expecting significant downside of market hence we expect bounce from
currant level.
With keeping all data in mind, Investor should cheer this market as buying opportunity as
only uncertainty provides investor to cheaper valuation. Trader should wait for reversal and
follow risk management strictly which I always recommends in my every view, some of
trader fill bearing with my strategy (trading allocation of 10% and 15%) but I think they are
now understand that “ Return off capital is more important then Returns on capital”
You can contact me on 92282 37373 for you investment related query. I will be happy
to help you.

Financial Weekly

INVESTMENT
Jatin Sanghavi
Market Scan (Mumbai)
(M) 098205 26455
[email protected]
FEAR GRIPS MARKET

PANIC BOTTOM RETESTED TWICE
The week started on an optimistic note as the Nifty registered a Bullish Harami, but there was no
confirmation for that and what followed was a proper thrashing of the Bulls for the rest of the week.
The Indices have again taken support at the same Gap (Sensex 36019-35977 and Nifty 10876-
10860) on Friday. As suggested in the previous week's article, Panic Bottom created last Friday
was retested twice this week. But one cannot say with certainty whether the above Gap-Support
will hold or not, as the Bears are showing no signs of relenting. In the current backdrop where
majority of the NBFCs are crashing, the mood of the market has turned extremely bearish and even
the slightest of the Pull-Backs are being sold into. In such a scenario, one can expect Nifty to find
Support at the strong Support zone of 10770-10643.
Technically Speaking :- Sensex opened the week at 36924, made a high of 36945, low of
35985 and closed the week at 36227. Thus it closed the week with a loss of 614 points. At the
same time the Nifty opened the week at 11164, made a high of 11170, low of 10850 and closed the
week at 10930. Thus the Nifty closed the week with a loss of 213 points.
On the daily charts, both Sensex and Nifty have formed Real Black body candles on last three
days of the week as in Three Black Crows. On the weekly charts, both the indices have formed a
big Opening Black Body Marubuzo in line with the downward Trend. Thus daily as well as weekly
candlestick formations are suggesting a Bearish Bias.
Higher degree Correction levels are placed at Sensex 36504-35736-34969 and Nifty 11069-
10856-10643. The Bears were relentless this week as last three each day saw Bears hammering
down the index, with Tuesday and Friday successfully retesting and taking support at the 50%
Correction level.
Gap Support (i.e. between Sensex 36019-35977 and Nifty 10876-10860) came to the rescue for
This Weeks Recommendations

Rec. Name CMP SL TGT-1 TGT-2
Sell CESC 821 838 795 768
Sell KSCL 580 592 562 543
Sell JustDiaL 478 488 463 447
Sell JSWSteeL 382 390 370 357
Sell DCB 148 151 143 138
:::: INDEX LEVELS ::::
S3 S2 S1 CLOSE R1 R2 R3
NIFTY 10647 10736 10837 10930 11034 11145 11234
SENSEX 35230 35555 35877 36227 36693 37061 37559
Cont...
Financial Weekly

INVESTMENT
the second week running. This Gap is the Breakaway Gap which continues to act as a strong
Support for the market. Market retested last Friday's bottom twice this week i.e. Sensex made a low
at 35985 and Nifty at 10850, which was exactly in the Gap Support mentioned above.
Both Sensex and Nifty are in Correction mode and any closing above the confluence zone of
Sensex 38360-38421 and Nifty 11565-11603 will signal the end of Correction.
Both Sensex and Nifty had completed a Rounding Bottom formation and the Target as per that
pattern falls at Sensex 40403 and Nifty 12391. Also both the indices had completed a Bullish Cup
and Handle pattern which has a target of Sensex 39503 and Nifty 11907. The above targets will be
achieved as long as Sensex remains above 34937 and Nifty above 10557.
This week, both the indices are well below both the short term average of 20dma (Sensex -
37524 and Nifty - 11335) as well as medium term average of 50dma (Sensex - 37560 and Nifty
11344). Both the indices are still above the long term average of 200dma (Sensex - 35322 and
Nifty - 10770). Thus the trend in short term as well as medium term timeframe is bearish, whereas
the trend in the long term time-frame still remains Up.
MACD and Price ROC are in Sell mode. RSI (32) suggests Bearish momentum. Stochastic
Oscillator %K (17) is below %D and hence in Sell mode. ADX is now at 35, suggesting that the
Down Trend is very strong. Directional Indicators are in Sell mode as +DI is below -DI. MFI (18)
suggests Negative Money Flow. OBV is making lower top lower bottom formation. Bollinger Band
continues with its Sell signal. Thus Oscillators are suggesting a bearish bias.
Options data for October series indicate highest Call Open Interest is at the strike of 11500
whereas the highest Put build-up is at the strike of 10800. Thus Options data suggests a trading
range with resistance at 11500 & support at 10800.

Financial Weekly

INVESTMENT
Jignesh R Mehta
(SEBI Registered Research Analyst)
E-mail : [email protected]
Website : www.KiranJadhav.com
Phone: 9327 11 3344 / 9328 11 33 44
Twitter: @jigneshrmehta
Sanity is not in Rage for Markets !

What a fall that markets have witnessed recently! Summing up all that happened so far since the
Nifty saw it's top, all damage has been done in Small Caps and Mid Caps.Nifty Midcap100 Index
has fallen from its high of about 21840 to recently the low of about 16972, this is about 32% lower.
While Midcap100 has fallen, it has also taken away the much awaited support of 17700. Below
17700 midcap100 fell like nine pins. This leaves Midcap100 to rely on its next support. This sup-
port line is a long term support line and comes to around 16500. Having next support line this low
RISING STAR:
Mahindra CIE Automotive (264.85)
Price of MAHINDCIE currently suggests that it has broken out of the long term triangle rip-
ened since OCT-13. Because since then price is in uptrend. Although uptrend took price to high
of about 298 in Aug-15 and since then it went in to the consolidation. This consolidation of price
since 2015 actually makes the current triangle interesting. Price is trying to break the upside
range from the long time. EMA spread for both investor group and traders group are positive.
Since Oct-13, the volume cluster beneath the chart is very interesting and high. We believe that
this stock forms an opportunity to touch as high as 450 in less than two years in coming time and
opportunity can be trapped if one's financial advisor is ready to permit to keep the Stop loss at
225 which is current support line. Remember, upon the up move in the price the trailing stop loss
should be be newer support lines.
NSE: MAHINDCIE, SECTOR: Castings & Forgings
Cont...
Financial Weekly

INVESTMENT
doesn't mean that Midcap100 will go and test it but it is surely a point on or before which Midcap
should find support. For the Smallcap100, high of about 9656 to the recent low of about 6109, is
about 36% fall. While small cap has fallen these much, it has come to the level of the high of 2008
and it is roughly the same about 6100. We believe that 6100 to 5600, the band of this 400 point is
a horizontal support line. The other index that seems to be beaten in the fall is Banking. Nifty Bank
has broken down its support line and it is in search of it's support on the way lower. While the
current market is full of fear and contentment seems to be out of range, the only few points that are
still in favour are followings. 1.) Midcap100 has next support and Midcap100 is still in uptrend. 2.)
Smallcap100 has just come up to its band of support & 3.) Nifty is still above its long term
support line which comes near to 10750 levels. While fearing the market and panicking will
surely not work in our favour, my advice is to act like an investor. We need to think how bulls of the
market thinks if they were in our shoes. We need to guess how would they react to current fall.
Would they panic? Would they opt out? Would they question? No. They would be wiser. They
would know when going gets tough, the tough gets going. They would keep themselves in control
and still search for opportunities. Yes! This is the time when we get out of the stock which has hit
stop loss, we have to find better opportunities and jump in to them wisely because there is always
the light at the end of the tunnel.
Jignesh R Mehta SEBI Registered Research Analyst
www.kiranjadhav.com
[email protected]
Phone: 9327 11 33 44 / 9328 11 33 44
Twitter: @jigneshrmehta
Disclosers: Views expressed in this article/articles are personal opinion of Author and it does
not constitute an offer to buy or sell securities mentioned herein. Enough care has been taken
before arriving at these data, figures & charts, however, readers are advised to do their own as-
sessment before taking any actions in the market. The author and his company does not take any
responsibility for any results that may arise out of using this information.
BUY.... BUY....BUY TIPS OF THE WEEK

Co. Name Code Price Co. Name Code Price
Marksans Ph. 524404 29.00 Mahindra CIE 532756 262.00
JK Paper 532162 144.00 Guj. Al. 530001 592.00
Man Ind. 513269 75.00 Globus Spirit 533104 146.00
GSPL 532702 174.00 Minda Ind. 532539 354.00
ITD Cem. 509496 119.00 Oil India 533106 218.00
Greaves Cot. 501455 132.00 Sandur Mang. 504918 1066.00
Vedanta 500595 231.00 BATA India 500043 971.00
Himadri Sp. 500184 114.00 Info Edge 532777 1427.00
TNPL 531426 258.00 Reliance Ind. 500325 1258.00
CMI Ltd. 517330 142.00 United Bre. 532478 1363.00
Gail India 532155 378.00 TCS 532540 2184.00
ITI 523610 81.00 Britannia 500825 5800.00

Financial Weekly

INVESTMENT
SM Gold Limited
Enters into the Capital Market via SME IPO
Corporate Feature
Issue Details
Issue Opens : October 03 2018
SM Gold Limited is principally into the Issue Closes : Oct 10 2018
business of manufacturing and wholesale Issue Price : Rs.30 Per Equity Share
Total Shares : 25,00,000
trading of mangalsutra jewellery. Besides Face Value : Rs. 10 Per Equity Share
mangalsutra jewellery, a minor part of busi- Issue Size : Rs.750 lakh
ness also includes other jewellery`s like Lot Size : 4000 Shares
Listing At : BSE SME
Rings, Chain, Earrings, Ear Chain, Nose-
rings/Nose pins, waist belts, Anklet, Zuda,
Toe Ring, Pendant Set/Pendant, Bracelet
and Bangles, wedding Jewellery, festive
Jewellery. Jewellery is mostly traditional
in style and is handmade by our workers.
It has an in-house designing team which
designs the mangalsutra and other
jewellery`s in traditional, modern and indo-
western style. It also directly purchase de-
signs from other jewellery designers.
SM Gold Limited is entering into the
capital market next week through an SME Products of SM Gold Limited
IPO. It will issue 25,00,00 equity shares of The focal product manufactured and sold by the
company is Mangalsutra and antique jewellery.
Rs. 10 each. Issue Price has been Rs. 30
Mangalsutra jewellery contributes 90% towards
per share. It will raise Rs. 750 lakh from earnings. The remaining is contributed by other
jewellery`s like Rings, Chain, “74 Earrings, Ear
Objects of the Issue Chain, Nose-rings/Nose pins, waist belts, Anklet,
Zuda, Toe Ring, Pendant Set/Pendant, Bracelet
1. Working Capital Requirement
and Bangles, wedding Jewellery, festive Jewellery.
2. Issue Expense
Cont...

Financial Weekly

INVESTMENT
this issue. Issue will open on 03 October,

2018 and will close on 10 October, 2018.
Minimum application is to be made for
4000 shares and in multiples thereon,
thereafter. Post allotment, shares will be
listed on BSE SME Emerge. First Over- Promoter of SM Gold Limited
seas Capital Limited is the Sole lead man- Mr. Priyank S. Shah
Aged 30 years, he is the Pro-
age of the issue and Karvy Computershare
moter, Founder Director and Chief
Private Limited is the Registrar to the is- Financial Officer of the company.
sue. On financial front, the company has He completed First year of B.com
from the Gujarat University and
been doing well. Its revenue was
then joined the jewellery business
Rs.4656.10 lakh and profit before tax was of his father in the year 2007. Af-
36.50 lakh for the FY18. Net worth was ter gaining experience in jewellery industry he started
his own Proprietary firm under the name M/s. S. M. Gold
Rs.702.29 lakh. in the year 2009. He looks after the marketing and ac-
S. M. Gold Private Limited on July 26, counts department. He is also responsible in strength-
ening the sales and marketing strategy of the company.
2017 under the Companies Act, 2013 vide
certificate of incorporation issued by the Mr. Pulkitkumar S. Shah
Aged 27 years, he is the Promoter,
Registrar of Companies, Gujarat, Dadra Founder Director and Managing Direc-
and Nagar Havelli.Thereafter, The com- tor of the company. After completing his
HSC from Gujarat Board, he obtained a
pany was converted in to a public limited
certificate in Information Technology
company pursuant to a special resolution from ATMC (Australian Technical and
passed by our shareholders at the EGM Management College) in 2009. He ven-
tured out to start M/s. Kriya Gold in 2013. In 2017, he along
held on August 12, 2017 and conse- with his brother started this company- S. M. Gold Limited.
quently name was changed to “S. M. Gold His responsibility is maintaining the traditional and antique
Limited” (SMGL) vide fresh certificate of designs of mangalsutra and other jewellery.
incorporation dated August 24, 2017 issued by Registrar of Companies, Gujarat, Dadra and
Nagar Havelli. Subsequently, our Company has acquired the business of Proprietorship Con-
cern of one of its Promoter- Mr. Priyank S. Shah viz, M/s S.M. Gold through the Business Succes-
sion Agreement dated August 03, 2018. Consequently, the business of the proprietorship firm
was merged into S. M. Gold Limited.
Apart from manufacturing jewellery itself, it also gets its mangalsutra and other jewellery manu-
factured through job work. Job works are done at Ahmedabad, Rajkot, Kolkata and Mumbai. The
raw material and design is provided by SM Gold to these job workers. The job workers take
Cont...

Financial Weekly

INVESTMENT
SM Gold Limited is entering into the capital market next week

through an SME IPO. It will issue 25,00,00 equity shares. Issue Price
Rs. 30 per share. It will raise Rs. 750 lakh from this issue. Issue will
open on 03 October, 2018 and will close on 10 October, 2018
approximately 10-12 days to complete the finished jewellery. However, no formal agreement
has been executed with either of these job workers. Besides, manufacturing and job work, it also
purchases readymade mangalsutra and other jewellery from other independent jewellery whole-
salers located in Mumbai. The jewellery sold by the company is sold under the brand name of “S.
M. Gold – the House of Mangalsutra”. Its strength is in manufacturing Mangalsutra and Antique
Jewellery. However, in order to cater to its customers taste, preference, choice and the ever-
changing trends in the jewellery, it offers its customers a wide variety of traditional, Indo-western
& modern jewellery also. It also customize the jewellery according to the individual needs, to
keep pace with the latest trends in the market. As well as to satisfy its consumer requirements, it
strives to continuously develop new jewellery designs and themes. The major raw material used
for making its mangalsutra and other jewellery`s is gold, black pearls, stones, kundan etc. It
sources its gold bar from bullion market & local markets in Ahmedabad. Black pearls and other
raw material is sourced from local market of Ahmedabad and from Jaipur. Its promoters, Mr.
Priyank S. Shah and Mr. Pulkitkumar S. Shah have 10 years and 8 years of experience in gems
and jewellery industry, respectively.
Gold demand in India rose to 737.5 tonnes between 2017. India's gems and jewellery exports
stood at US$ 32.71 billion in FY2018. During the same period, exports of cut and polished dia-
monds stood at US$ 23.73 billion, thereby contributing about 72.55 per cent of the total gems
and jewellery exports in value terms. Exports of gold coins and medallions stood at US$ 1,917.09
million and silver jewellery export stood at US$ 3,385.65 million during FY2018. The gems and
jewellery market in India is home to more than 300,000 players, with the majority being small
players. Its market size is about US$ 75 billion as of 2017 and is expected to reach US$ 100
billion by 2025. It contributes 29 per cent to the global jewellery consumption. ***

Financial Weekly

INVESTMENT
- Parag Salot
Technical Trading Trends (SEBI Registered Research Analyst)
M. : 91-9930011789
Nifty Overview : In Last Trading Session, Nifty closed at 10962. Nifty continues to be in negative
trend. It is just below support line and thus it may be little volatile. Overall trend is negative. Far
Support is at 10570 levels.
Bank Nifty Overview : In Last Trading Session, Bank Nifty Closed at 25235. Bank Nifty has
turned negative similar to Nifty and has fallen a good bit. Its near support is at 25000. Some bounce
back may occur but trend remains to be negative
Last Recommendation Review

Scrip Name BSE Buy/ Enter Did High/ Remark
Code Sell at Low
Balrampur Chini 500038 Buy 75 85 Target Achieved
Ramco Cem 500260 Buy 626 669 Target Achieved
Biocon 532523 Sell 721 686 Target Achieved
JSW Steel 500228 Sell 415 376 Target Achieved
Mindtree 532819 Sell 1116 1018 Target Achieved
Titan 500114 Sell 847 796 Target Achieved
Wipro 507685 Sell 340 318 Target Achieved
Trading Buy
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
Can Fin Homes 511196 236 220/225 240 260 208
Escorts 500495 611 585/590 610 630 568
Indigo 539448 829 805/810 830 850 790
Infibeam 539807 57 53/56 60 67 50
Infratel 534816 263 270 278 287 260
Ramco Cem 500260 642 625/635 650 665 618
Jet Airways 532617 184 172/175 175 195 168
Trading Sell
Scrip Name BSE Last Enter at 1st 2nd Stop
Code Close Between Tgt. Tgt. Loss
JSW Steel 500228 381 415/420 405 390 426
Mindtree 532819 1104 1150/1160 1130 1110 1175
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

INVESTMENT
Stock Buzz Subramanian Mahadevan

[email protected]
Fairchem Speciality Limited (Rs. 384.00)

Aspiring Chemical Giant!
Fairchem Speciality Limited (FASL) - formerly known as Adi Finechem Limited is now an emerg-
ing renewable speciality Chemicals Company controlled by Canada based private equity giant
Fairfax Holding lead by Indian born Mr. Prem Watsa. He was also called as Warren Buffet of Canada
among the investors circle. FASL is the unique creation of a specialty chemicals company from the
merger of the businesses of Adi Finechem Ltd (manufacturer of oleo chemicals& nutraceuticals)
and Privi Organics Ltd (manufacturer of aroma chemicals). Fairchem lays great emphasis on re-
newable feedstocks and business sustainability. The combined entity represents significant finan-
cial, Research& development, marketing and global sourcing capabilities with the requisite man-
agement bandwidth. Fairchem will serve as a platform for organic as well as inorganic growth in
the area of speciality chemicals. FASL product portfolio includes aroma chemicals, oleo chemi-
cals, and nutraceuticals. Products like DHMOL, Terpineol & Terpineol Acetate, PTBCHA, OTBCHA,
Ionone, Damascones and Rosaxanol are part of aroma chemicals find applications in various con-
sumer goods like soaps, deodorants, perfumes, detergent, hair oil etc. The specialty chemicals
industry in India is thriving and India is fast becoming an important destination for most global
MNCs for a multitude of reasons. There is strong growth in the Indian specialty chemicals space,
with demand being driven by both domestic consumption and exports. At $23 billion, specialty
chemicals constitute about 20% of the overall Indian chemicals industry, and is poised to grow at
11% to reach $39 billion by 2021. Second, for multiple sub-segments within specialty chemicals,
India is becoming a global hub for manufacturing. A case in point is the organic pigments industry
where most manufacturing is moving to Asia, and particularly to India from western countries. Simi-
larly, in the natural flavor, fragrances and nutraceutical ingredients space, India has an inherent
sourcing advantage and most global players have to rely on supplies from Indian manufacturers.
Fairfax has already made investments in Indian listed companies like IIFL, Thomas Cook besides
some niche unlisted companies which has the potential to grow multi-fold. Investors are advised to
keep an eye on this stock and accumulate on every declines. FASL could become a large cap
niche speciality chemical giant from India under the leadership of Prem Watsa (Fairfax) in three to
five years.

Financial Weekly

INVESTMENT
Indsil Hydro Power (Rs.69.00)

Resilient Chrome!
Indsil Hydro Power and Manganese Limited (Indsil) is a BSE only listed Coimbatore based
manufacturer of alloys used in stainless steel industry belonging to Indsil group of companies with
wide variety of products including ferro chrome, low carbon silico manganese, ultra-low carbon
silico manganese and ferro silicon. Indsil runs a 75,000 TPA ferro chrome smelter in the Sultanate
of Oman along with captive chrome mine resources besides its capacity for low carbon silico man-
ganese is 45,000 TPA located across 3 smelters within India. The group also runs 2 captive power
plants viz., a 21 MW hydro power plant in Rajakkad, Idukki Dist., Kerala and a 12 MW Coal fired
plant in Raipur, Chhattisgarh. The captive power generation facilities at Kerala and Chhattisgarh
make the respective smelters in these locations, globally one of the most cost competitive units.
This in turn has helped the group position itself as a key low cost, high quality supplier in the global
low carbon silico manganese industry. Recently Indsil merged its unlisted group company 'Indsil
Energy and Electrochemicals Private Limited' (which is 1.3 times bigger) with itself effective April
2017. We believe the rationale behind merger is to enable consolidation of business of both com-
panies to create long term value to shareholders by unlocking value, bringing in a thermal power
base to minimize the risk of dependence on monsoon for its hydro power plant, strengthening of
financial position and increased leverage capacity of the merged entity. This merger was long due
and investor community may not be aware of this development due to the low profile nature of the
promoters and issues like highly in-debted domestic steel manufacturers, subdued demand, steel
dumping, lenders initiating bankruptcy proceedings etc. Indsil fortunes always linked to the perfor-
mance of the steel industry and have been posting average 160-215 crore of topline with meagre
profits in the last seven years yet consistent dividend paying company with one-time bonus shares
too to its shareholders. Post this merger, company closed FY18 (April 2017 - March 2018) with a
topline of 746.44 crore with PAT in excess of 45 crore. Soon Indsil may change its name to "Indsil
Energy and Manganese Limited' to reflect both captive hydro and thermal power assets besides a
possible listing on NSE. Reliable management with proven track record of posting consistent prof-
its overcoming recession multiple times due to the nature of the business it operates in when its
rivals like 'Rohit Ferro Tech' and 'Ankit Metals and Power' literally went belly up. Keep an eye on
this counter and buy on every declines for solid gains, although highly illiquid but has the potential
to provide multi-bagger returns over a period of 2 to 4 years.

Financial Weekly

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

E-mail ID : [email protected]
10850 level crutial for NIFTY

Last week we had stated nifty will test 10900 levels and nifty showing weakness now the senario
is NIfty has crutial support of 10850-10866 levels for a small bounce back to 11050-1170 levels
,once 11070 above closses it can gain strength, for target 11130 levels .
10850 very important levels if breaches more downside of 200 points can be seen towards
10610 levels,so trade cautiously light position, crude oil has gained stregth so as USDINR ALSO
gained which is putting inflation pressure on Indian markets ,and some stcoks has put negative
sentiment like yes bank dhfl etc spoiled the sentiments and also many psu bank like PNB UNION
BANK,
USDINR -futures - 72.50 crutial levels above that USD is strong for 73.40 levels soon.
Stocks to watch out
Wipro looks good above 325 for 3320-340 sl 315
Hindalco is looking sell at 230 for 225-220 sl 237

Financial Weekly

INVESTMENT
Technical News : 1-10-2018 to 5-10-2018

Manu Consultants : Manishkumar - Kolkata
SEBI REG:- RESEARCH ANALYST- INH300002449
• NIFTY FUTURE
NIFTY FUT SUPPORT AT 10850-10770 AND RESISITANCE 11140-340
STRATEGY :- BUY BANK NIFTY ON DIPS TILL 24800 SL 24600 TA 25600-26200
• STOCKS F&O:-
ASHOK LEYLAND (119):- BUY ASHOK LEYLAND IF BREAKS 123 SL 119 TA 127-30
TECH MAHINDRA (745):- BUY TECH MAHINDRA IF BREAKS 765 SL 745 TA 780-800
AURO PHARMA (746):- BUY SURO PHARMA IF BREAKS 765 SL 745 TA 780-88-800
BAJAJ FINSERVE (6050):- BUY BAJAJ FINSERVE IF BREAKS 6100 SL5950 TA 6180-6240-
6300-6400
• SELL STOCKS
CAUTION NOW IN SHORTS
• DELIVERY STOCKS
Yes Bank (Rs. 183.00) :- BUY YES BANK SL 148 TA 200-20
DISCLAIMER:- The Recommendations are based on technical analysis. There is a

risk of loss in trading.Please visit website www.dallalstreet.org for full disclaimer and
disclosures.
Sensex-Nifty is at life highs

But Your portfolio is still down by 30-50% ???
You want to reshuffle your loss mak-
ing stocks into profitable ones ?
For register whatsApp - Your name,
Mobile number, City on
7744804098
Financial Weekly

INVESTMENT
Terrific Shots - Dilip K. Shah
Sterling Tools Ltd (Rs.340.00) (Code:530759) :- The 'B' group company is active
in auto parts equipment sector. It was set up in 1979 and it started commercial production in 1981.
It came up with IPO in 1995. It is main manufacturer of Forged High-Tensile Fasteners. The com-
pany supplies its products to US, Europe, South America and Middle East along with its customers
in India. Export accounts for 10% of its income. The company has three units in Faridabad near
Delhi and setting up the fourth unit near Bengaluru at cost of Rs90 crore. The company has joint
venture with Netherland's Fabory Fasteners. It completely took over Haryana-based Ispat Pvt Ltd
last year. In June quarter, the company recorded net profit of Rs140.03 crore on income of Rs131.27
crore and other income of Rs1.68 crore with quarterly EPS of Rs3.89. It can be bought with target
of Rs450 in short to medium term.
ITD Cementation (Rs.119.00) (Code: 509496) :- The company is promoted by
Italian and Thai development public company ltd. It is active in engineering and construction seg-
ments. It is mid segment engineering company. The promoters hold 46.64% and public hold 53.36%
stake in the company. The engineering and infrastructure segments didn't witness much invest-
ment in past days but new investments have infused new lease of life in the segment. It follows
calendar year as financial year. In the first six months, the company's income increased from
Rs1012.62 crore to Rs1307.60 crore, while profit increased from Rs35.98 crore to Rs57.29 crore.
The financial performance is improving so bottom line may also improve. The stock can give good
return when the market turns stable.
PPAP Auto (Rs.396.00) (Code:532934) :- As against equity of Rs14 crore, the com-
pany has reserves of Rs255.69 crore. The company's income increased from Rs345.01 crore to
Rs397.62 crore, while profit increased from Rs27.96 crore to Rs39.31 crore in FY2018. In the first
quarter, the company's income increased from Rs81.41 crore to Rs99.69 crore, while profit in-
creased from 5.93 crore to Rs8.85 crore. The company's performance has improved in last three
years. Auto sales numbers are improving so the company may benefit from that. The stock prices
have witnessed bullish trend in last one year and have also got corrected from the upper level. The
stock can be considered for investment in phased manner. It paid 45% dividend last year.
Dilip Buildcon (Rs.653.00) (Code:540047) :- The company was set up in 2006 and
it came up with IPO in 2016 at price of Rs219. It has given good return after listing. It has its pres-
ence in road and infrastructure segments. It has completed more than 50 projects in last five years
mainly in Gujarat, Madhya Pradesh, Himachal Pradesh, Rajasthan and Maharashtra. IT has fleet
of more than 6600 vehicles. Its orderbook is very strong and it is bagging government orders in
huge number. In June quarter, the company witnessed net profit of Rs254.89 crore on income of
Rs2436.30 crore with EPS of Rs18.64. The stock is being traded at P/E multiple of 10 from esti-
mated EPS. Dolat Capital Research has given 'Buy' rating with target of Rs1372.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014 ; • I and / or
my clients may have investment in this stocks • I/My family have no financial interest or beneficial interest of more than 1% in the
company whose stocks I am recommending • Stop loss is useful for Short / Medium Term investor Only • Smart Investment will not
be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or may not be
substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152

Financial Weekly

INVESTMENT
Sarvesh Ashok Trivedi
Stock Wave (Mumbai) (Mob) 09820728124
www.chartsanketstock.com
The market is highly oversold,

there is no sign of new buying
BSE Index (36227.14) :- It is moving down from top of 38989.65. It shows oversold position on
daily and weekly basis, while oversold position on monthly basis. On upward movement, beyond
36620 it may go up to 36925, 37082 with resisting level at 37250. On the downward movement,
below 35985 it may get important support at 35425.
Nifty Future (10964.95) :- It shows downward movement from top of 11793. It shows oversold
position on daily, weekly and monthly basis. On upward movement, beyond 11020 it may go up to
11150 and 11150. On the downward movement, below 10892 it may get support at 10865 and
10800.
Bank Nifty Future (25235.00) :- It shows downward movement from top of 28408.80. It shows
oversold position on daily and weekly basis, while overbought on monthly basis. On upward move-
ment, beyond 25530 it may go up to 25620, 25830 and 26110. On the downward movement, below
25000 it may witness selling spree below 24706.
Vodafone-IDEA (38.55) :- It shows downward movement from 118.90. It shows oversold posi-
tion on daily, weekly and monthly basis. It may witness resisting level at 44 on upward movement.
It may go down to 25.
SRF (1711.10) :- It shows downward movement from top of 2084.50. It shows overbought to
neutral position on daily and weekly basis, while oversold position on monthly basis. On upward
movement, resisting level could be at 1852. On the downward movement, it goes down below
1685 level then more fall is expected.
Reliance Capital (282.20) :- It shows downward movement from top of 457.51. It shows over-
sold position on daily and weekly basis, while neutral position on monthly basis. On upward move-
ment, beyond 319 it may witness resisting level at 331. On the downward movement, below 260 it
may go down to 225. It is advisable to avoid buying the stock.
Reliance Infra (300.20) :- It is moving downward from top of 479.56. It shows oversold position
on daily, weekly and monthly basis. On upward movement, beyond 334 it may witness resisting
level at 344. On the downward movement, if it goes down below 261 level then may go down to
215. It is advisable to avoid buying this stock.
Voltas (532.00) :- It shows downward movement from top of 633.89. It shows oversold position
on daily and weekly basis, while neutral position on monthly basis. On upward movement, beyond
550 it may go up to 550 with resisting level at 560. On the downward movement, below 532 it may
go down to 525, 498 and below that level it may fall further.
disclosure : The Recommendations are based on technical analysis. There is a
risk of loss in trading.
Golden quote :-
A Brilliant Heart illuminates a wise mind

Financial Weekly

INVESTMENT
Dilip Davda
e-mail Expert’s Eye
[email protected]
Subdued sentiment prevailed

4th Negative week in a row
The full week after long had a dull beginning and except gain for Tuesday trades, it witnessed
high volatile drama with both side movements and finally ending the session in red for rest of the
sessions. This was a derivatives expiry week and as usual, it kept moving both sides and index
based trade continued as side market collapsed with over 730 counters hitting 52 week low. Yes
Bank, Housing Finance, NBFC and Banking counters lead the doom for most part of the week and
got support from auto and cement sector. Last two sessions closing below the sentimental barriers
of 11K and 36.5K has paved way for further slide going ahead. US Fed hiking rates by 25 bps
raised concern, but pinned hope for upward revision by RBI in its forthcoming monetary policy
meet in first week of October, 2018.
As can be seen from the table below, during the week, indices moved in the range of 11170.15-
10850.30 and 36945.50-35985.63 for NSE Nifty and S&P BSE Sensex respectively.
For the week, we witnessed net weekly LOSS of -212.65 points for NSE Nifty and -614.46 points
for S&P BSE Sensex.
Trading for the week began on a negative note. The market extended losses to a fifth session on
Monday, dragged by financials and automobiles. Sensex fell 536.58 points to close at 36,305.02.
Nifty fell 168.20 points to end the day at 10,974.90.
The market ended the volatile session with some gains on Tuesday, as bargain hunting emerged
after steep losses in past few trading sessions. Sensex rose 347.04 points to end the day at
36,652.06. Nifty rose 100.05 points to close at 11,067.45. Market pundits termed this as a pullback
Ex-Split rally in the oversold market.

Key equity indices declined on Wednesday, weighed
Kirloskar Pneu (5 for 1) down by IT and FMCG shares. Nifty managed to stay afloat
above the sentimental level of 11K. Benchmarks traded
Bonus Announcements
with a negative bias for most part of the session as volatil-
Alpine Housing (1 for 3) ity ruled for the day ahead of expiry of derivative contracts
for the month of September. Investors were cautious ahead
Bonus Meet
of US Federal Reserve's decision on interest rates. Sensex
Arfin India : 29.09.18
fell 109.79 points to close at 36,542.27. Nifty fell 13.65
Jiya Eco : 10.10.18 points to end the day at 11,053.80.
Key equity indices declined for the second consecutive
Dividend Announcements session on Thursday, ahead of the futures and options
TAAL Enterprise (100%) (F&O) expiry and mixed global cues. Sensex fell 218.10
points to end the day at 36,324.17. Nifty fell 76.25 points
Ex-Bonus to close at 10,977.55.
Alexander (1 for 5), Key equity benchmarks declined for third day in a row
Igarashi Motors on Friday, weighed by losses in Larsen & Toubro, Yes
(25 for 202 - excluding promoters & Bank and Maruti Suzuki. Sensex fell 97.03 points to close
promoter groups)

Financial Weekly

INVESTMENT
at 36,227.14. Nifty fell 47.10 points to end the day at 10,930.45.
During the week TAAL Enterprise announced dividend of (100%).
During the week scrip turned ex-bonus included Alexander (1 for 5), Igarashi Motors (25 for 202
- excluding promoters and promoter groups)
During the week scrip Kirloskar Pneu turned ex-split (5 for 1).
During the week bonus announcements came in from Alpine Housing in the ratio of 1 for 3.
Arfin India has convened bonus meet on 29.09.18 and Jiya Eco has convened board meet on
10.10.18 to consider bonus issue.
Firm Dollar (around Rs. 72.50 a dollar) and Crude Oil raised concern as usual. Continued pressed
on account of China-US trade war and UK Brexit issue kept a tab on general sentiment on global
markets. Ensuing week will mirror auto, cement sector dispatch data and global cues. It also eyes
RBI monetary policy meet. Tuesday 02.10.18 being holiday on account of Gandhi Jayanti, we
have just four sessions that will turn volatile. RBI action on Bandhan Bank post market closure will
have its impact on Monday when market reopens for trades. Thus there are more negative factors
emerging that will keep market in search of lower bottom.
Amidst such a scenario NSE Nifty and BSE Sensex may hover between 11350-10200 and
38000-34900 respectively for the ensuing week.
DISCLAIMER : No financial information whatsoever published anywhere here should be construed as an offer to
buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational
and information purposes only and under no circumstances should be used for making investment decisions. Readers
must consult a qualified financial advisor prior to making any actual investment decisions, based on information
published here. Any reader taking decisions based on any information published here does so entirely at own risk.
Above information is based on the details available as on the date along with market perceptions. Investors should
bear in mind that any investments in stock markets are subject to unpredictable market related risks. Author has not
traded in above three stocks mentioned in Scrip Watch during last one month and has no holdings or currently has no
plans to invest in any scrip referred above.
(THE AUTHOUR IS SEBI REGISTERED RESEARCH ANALYST)
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
Financial Weekly

INVESTMENT
Scrip Watch - Dilip K. Shah
HIndustan Zinc (Rs. 290.00) (Code : 500188) (F. V. : 2.00) : Though the
broader markets have been under pressure, Hindustan Zinc continues to gain and has bounced
back 13.8 per cent from its July lows. While trade war concerns have led to volatility in base metal
prices, what offers comfort is the outlook for zinc given the supply shortages. Further, while it posted
softer volumes in the June quarter, there has been a recovery and analysts expect a better second
half. The firm is on track to achieve a 1.2 million tonnes per annum (MTPA) run-rate by the end of
FY19, as compared to 0.94 MTPA in FY18. For the quarter ended 30-06-2018, the company has
reported a Standalone sales of Rs 5310.00 Crore, down -15.41 % from last quarter Sales of Rs
6277.00 Crore and up 5.92 % from last year same quarter Sales of Rs 5013.00 Crore Company
has reported net profit after tax of Rs 1918.00 Crore in latest quarter. The stock is trading at around
Rs.254. Buy.
DHFL (Rs. 275.00) (Code : 511072) (F. V. : 10.00) : After the news of a secondary
debt market deal spread in the equity markets, wherein DHFL’s Commercial papers (CP) were
sold at 11 per cent yield (yield at the time of origination was nearly 9.2 per cent) by DSP Mutual
fund, stock prices of DHFL corrected by nearly 42 per cent on a single day. The mutual fund opted
selling DHFL’s paper due to high redemption pressure. However, DHFL’s management held a
conference call, to clarify that DHFL’s asset liability management is positive over the 0-1 year, 1-2
years and 2-3 years horizons and its exposure to CPs is the lowest at just nearly 8 per cent of their
borrowings which will be maturing in a phased manner. After that, on last Wednesday, BNP Paribas
Arbitrage bought 51,45,821 shares of company at Rs 297.87 and Mridul Singhania bought 16,28,000
shares at Rs 307.91. It has brought some respite to the company as well to the stock. The company
has not defaulted in any kind of repayments and has enough liquidity to meet obligations till March
2019. The management has explicitly stated that DHFL has no relationship with IL&FS, whether
direct or indirect. Buy.
Apollo Tyres (Rs. 212.00) (Code : 500877) (F. V. : 1.00) : Apollo Tyres, the
world’s eleventh largest tyre manufacturing company, has kicked off commercial production of
truck tyres at its European facility in Hungary. The Hungarian facility will reportedly be equipped to
produce 14,000 passenger car tyres and 1,200 truck tyres daily in Phase I. In April 2017, the com-
pany had begun the production of passenger car tyres under Apollo and Vredestein. The passen-
ger car tyres were manufactured at the plant established at an investment of EUR 475 million.Reports
suggested that the newly marketed truck tyres from the Apollo stables are used by Piessens and
Zonen from Londerzeel, hailing from Belgium. The company specializes in the transportation of
construction materials. It is being reported that the delivery of the tyre manufactured at Apollo Tyres’
Hungarian plant will begin in Belgium. This in fact as was where the initial launch of the newly
designed truck tyres took place sometime ago. The Indian grown tyre behemoth believes that Bel-
gium has turned out to be a significant market for the company, boasting more than 2 percent of the
total market share.HDFC MF has bought these shares in September itself. The stock worth buying
for longer term.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this
stocks • I/My family have no financial interest or beneficial interest of more than 1% in the company whose stocks I am recommending • Stop loss is useful for Short
/ Medium Term investor Only • Smart Investment will not be responsible / liable for any loss arising out of investment based on tis advices • Past performance may or
may not be substainedin future " (Dilip K. Shah) Research Analyst : SEBI Regn No. : INH000002152

Financial Weekly

INVESTMENT
Market Tips - Dilip K. Shah
Bata India (Rs. 971.00) (Code : 500043) (F. V. : 5) : Shares of footwear compa-
nies rallied up to 6 per cent early Thursday after the government on Wednesday increased import
duty on footwear to 25 per cent, from the 20 per cent earlier. Bata India Ltd., incorporated in 1931,
is a midcap company with a market cap of Rs 12681.81 crore. Bata India Ltd. key Products/Rev-
enue Segments include Footwear which contributed Rs 2495.67 Crore to Sales Value (99.93 % of
Total Sales) and Other Operating Revenue which contributed Rs 1.57 Crore to Sales Value (0.06
% of Total Sales)for the year ending 31-Mar-2017. For the quarter ended 30-06-2018, the company
has reported a Standalone sales of Rs 797.28 Crore, up 26.09 % from last quarter Sales of Rs
632.31 Crore and up 8.32 % from last year same quarter Sales of Rs 736.06 Crore Company has
reported net profit after tax of Rs 82.55 Crore in latest quarter. Buy in phased manner.
Graphite India (Rs. 841.00) (Code : 509488) (F. V. : 2.00) :- Kolkata-head-
quartered Graphite India is one of the largest Indian producer of graphite electrodes and one of the
largest globally, by total capacity. Its manufacturing capacity of 98,000 tonnes per annum is spread
over four plants at Durgapur (54,000 mt), Bangalore (13,000 mt), Nashik (13,000 mt) and Nurnberg
in Germany (18,000 mt). The company has been enhancing its presence in value added graphite
products for the auto, aerospace, chemical, pharmaceutical, metallurgical and machine tool
industries.Graphene is a two-dimensional sheet of pure carbon structured in a single layer of car-
bon atoms. Some of the potential applications of this material include electronics, including touch
screens, medicine & bio-electric sensory devices, composite materials, energy storage and aero-
space. Recently, Graphite India has picked up a 46 per cent stake in the US-based unlisted graphene
sheet producer, General Graphene Corporation for $ 18.59 million (approximately Rs 135 crore).
The acquisition is in line with the company's 'long-standing strategy of focusing on high end tech-
nologies'. Given the strong demand and elevated prices, the operating environment continues to
remain healthy for domestic graphite electrode player like Graphite India. Buy.
Indiabulls Housing Finance (Rs. 853.00) (Code : 535789) (F. V. : 2.00) :-

Stocks of most housing finance and non-banking finance companies came under heavy pressure
recently. Indiabulls Housing Finance also tanked. The overall market sentiment has dampened
with other housing finance companies and non-housing NBFCs too witnessing selloffs. However,
Indiabulls housing finance is one of the well placed player in this sector. Promoters have acquired
85,000 shares in recent downfall. The stock has fallen from its 52-week high of Rs.1439 and now
it is trading at Rs.886. The sellng was more of speculative one, and not the real one. It is worth
accumulation at this level. Buy in phased manner.
Disclosures as per SECURITIES AND EXCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this

Financial Weekly

INVESTMENT
SMART TIPS Smita N. Zaveri
JK Tyre (Rs. 97.00) (Code: 530007) :- Shares of A group listed JK Tyres have face
value of Rs. 2. The shares touched a high of Rs. 193 and low of Rs. 98 in the last 52 weeks. It has
a market cap of Rs. 2,315 crores. Its equity is Rs. 45.36 crores, debt Rs. 4,988 crores, and re-
serves Rs. 1,599 crores. For June quarter, it reported consolidated sales of Rs. 2,439 crores,
and net profit of Rs. 67.37 crores. Promoter holding is 52.48%. JK Tyre has three manufacturing
facilities in Mysore, besides plants in Benmar, Kankroli and Chennai. It has taken over Kesoram
Industries. It is the leading player in manufacturing of bus and truck tyres in the country. Its
Bengaluru plant has also commenced operations. Growing demand for commercial vehicles
and rising fleet sizes will boost its margins. Lower import of tyres from China will also help it.
Demand for tyres is expected to remain strong due to increase in auto sales.
Talbros Auto (Rs. 245.00) (Code: 505160) :- Shares of this auto parts manufac-
turer are listed in B Group, and have face value of Rs. 10. The shares touched a 52-week high of
Rs. 353 and low of Rs. 187. It is the flagship company of Talbros Group, and produces automo-
tive and industrial gas kits. Besides gas kits and hot shield, its product portfolio also includes
forging suspension systems and anti-vibration products. It has collaboration and joint ventures
with a number of foreign companies. For 2017-18, it reported income of Rs. 400 crores and profit
of Rs. 19.09 crores. For June quarter, income jumped 54% to Rs. 123.18 crores, while profit rose
to Rs.5.32 crores. Its equity is Rs. 12.32 crores, debt Rs. 117 crores, market cap Rs. 312 crores,
and book value Rs. 137. While shares of other companies operating in this space are trading at
a PE multiple of 36, shares of Talbros Auto are quoting at 11 times the earnings. The stock is
attractively valued.
Greaves Cotton (Rs. 132.00) (Code: 501495) :- Shares of this industrial machin-
ery manufacturer are listed in A group and have face value of Rs. 2. The share touched a 52-
week high of Rs. 165 and low of Rs. 112. It makes petrol-diesel engines and construction equip-
ment. With manufacturing facilities at 10 locations, it also has strong presence in South-East
Asia, East Africa, and Middle East. It is foraying into solar and electrical pumps. It is expected to
gain from the announcement of higher MSP for farmers. It has plans to acquire 67% stake in
Coimbatore-based Ampere Vehicles, which is engaged in research and development of electri-
cal cycles, bikes, three-wheelers and customized designs, for Rs. 77 crores. For 2017-18, it
reported income of Rs. 1,840 crores and profit of Rs. 203 crores. For June quarter, income was
Rs. 458 crores, and net profit Rs. 40 crores. Acquisition of Ampere will strengthen its non-core
business. The possibility of re-rating of the stock is high.
Nalco (Rs. 60.00) (Code: 532234) :- Shares of this aluminium company are listed in
A Group and have face value of Rs. 5. The share touched a high of Rs. 97 and low of Rs. 56 in
the last year. National Aluminium Company is one of the Navratna PSUs. It figures among the
largest aluminium producers The company has a market cap of Rs. 12,535 crores, while share's
book value is Rs. 54.35. Nalco's equity is Rs. 966.46 crores, debt Rs. 45 crores, whereas re-
serves are Rs. 9,538 crores. For June 2018 quarter, income was Rs. 2,973 crores and net profit
Rs. 687 crores. For FY 2017-18, it reported turnover of Rs. 9,376 crores, an increase of 26% over
previous year, and net profit of Rs. 1,342 crores, which more than doubled from Rs. 669 crores.
Export income was the highest ever. Motilal Oswal has given a 'Buy' rating on the counter with a
target price of Rs. 107. Trading near the 52-week low, the share can be seen touching new highs
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 28th Sep., 2018 unless
specified o Stoploos is useful for Short - Medium term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though, every care has been taken,
we will not responsible for any errors / omissions • All disputes are subject to Ahmedabad jurisdiction

Financial Weekly

INVESTMENT
Smart super duper - Dilip K. Shah
Gail India (Rs. 378.00) (Code: 532155) :- Shares of this Indian government owned
company are listed in the A Group, and have face value of Rs. 10. The share touched a 52-week
high of Rs. 398 and low of Rs. 290. It has been accorded Maharatna status by the government.
Besides gas transmission, it has gas processing plants, and also produces petrochemicals. Gail
has a large global footprint with subsidiaries in Singapore, US, Egypt and China. The share's book
value is Rs. 185. Market cap is Rs. 85,365 crores, equity is Rs. 2,255 crores, while reserves are at
Rs. 39,423 crores. Promoter stake is 53.34%. FII holding is 17.35%, while mutual funds own 11.20%.
For June quarter, income went up from Rs. 11,406 crores to Rs. 17,298 crores, while profit rose
from Rs. 1,025 crores to Rs. 1,259 crores. Gail had recently announced bonus in the ratio of 3:1.
Gujarat Alkalies (Rs. 592.00) (Code: 53001) :- Shares of this Gujarat government
owned company are listed in A group and have face value of Rs. 10. The shares touched a high of
Rs. 932 and low of Rs. 433 in the last 52 weeks. The company has a market capitalization of Rs.
4,349 crores. Promoter holding is 46.28%. For the June quarter, its net profit doubled from Rs.
95.36 crores to Rs. 183.17 crores. Sales went up from Rs. 544 crores to Rs. 753 crores. For FY
2018, sales were up from Rs. 2,023 crores to Rs. 2,454 crores, while profit jumped from Rs. 307
crores to Rs. 534 crores. Company's equity is Rs. 73.44 crores, while reserves are at a whopping
Rs. 3,747 crores. Chemical sector shares have been doing very well of late. Quoting at lower
valuations than its peers, the stock is poised for a good rise going ahead. It also has major expan-
sion plans.
TNPL (Rs. 258.00) (Code: 531426) :- The company makes bagasse based paper, and
has annual capacity of 4 lakh tonnes per annum. Almost one-fifth of its total production is exported
in over 50 countries. Shares are listed in the A group and have face-value of Rs. 10. The share
touched a high of Rs. 499 and low of Rs. 242 in the last 52 weeks. Market cap is Rs. 1,789 crores.
Promoter holding is 35.32%. Its equity is Rs. 69.38 crores, whereas reserves are at Rs. 1,534
crores. For June quarter, income went up from Rs. 555.5 crores to Rs. 96.13 crores. As against loss
of Rs. 89.15 crores, it reported a profit of Rs. 24.69 crores. TNPL has a track record of paying good
dividend to shareholders. Paper companies are doing very well. Closure of plants in China has
allowed them to increase share in export markets. The stock is trading near its 52-week low and is
attractively priced. One can begin with small investment in the stock.
Oberoi Realty (Rs. 403.00) (Code: 533273) :- The stock has corrected sharply due
to weak markets. The company focuses mainly on Mumbai market, and has completed over 40
projects so far. It has strong fundamentals. The company's equity is Rs. 340 crores, while reserves
are at Rs. 5,753 crores. Oberoi Realty is almost debt-free, which is a big positive. Promoter holding
is 67.7%. FIIs hold 26.44%, while mutual funds hold 3.19%. Small investors hold only 2.45% stake.
For FY 2018, its income was up from Rs. 1,113 crores to Rs. 1,265 crores, while profit was Rs.
458.8 crores from Rs. 378.59 crores earlier. It had paid dividend of 20% for the year. For June
2018, income shot up from Rs. 260.71 crores to Rs. 888.26 crores. Net profit went up sharply from
Rs. 91.37 crores to Rs. 309.42 crores. Market valuation is Rs. 14,680 crores. The share touched a
52-week high of Rs. 609 and low of Rs. 395. The stock is quoting near its 52-week low price and
appears attractively valued. Investors can invest in this stock in phases.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this

Financial Weekly

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

E-mail : [email protected]
What to buy in panic ?

In stock markets the panic created by NBFC and particular by IL&FS has gone a long way and
fuel has added fuel in panic. We feel that there are certain shares worth picking up for investment.
R powe :- This share has lost Rs. 20 in just couple of days from Rs. 40/45 to Rs.25. on any
decline just buy. If you need stop loss we feel that Rs. 20 is ideal. If able to cross and close above
Rs.30, We may see rate of Rs. 34/35.
Reliance Ind. :- This share has stood like a wall in falling market. Buy and accumulate in small
lots as per your pocket.
Asian paints : - Around Rs 1275 this share has taken support. We feel that it is good buy around
that level. It may give Rs 30/35 in quick session.
Vedanta :- On Friday good sale off seen in steel sector. This share and Hindalco has not gone
down in panic. We feel that any fall in these two companies accumulate.
Yes bank and bank of Baroda may decline further.
MUST VISIT
WWW.TRADINGCALL.IN
from income to wealth
Specialist in Intraday Niftyfuture ,
Stock Future Equity cash , Multibagger
CALL
contact us or whatsup
8961987422
SEBI REGISTERD
Financial Weekly

INVESTMENT
Investment Ideas telegram.me/rupeegains7
NIFTY :- For next week NIFTY has strong support around 10830 levels. Break will take it to
10770-10725 levels. On the upper side NIFTY will face strong hurdle at 11065 levels, cross over
with volume and close above will create short covering at take NIFTY up to 11170 levels…
BANK NIFTY :- For next week BANK NIFTY has strong support around 24920 levels.
Break will take it to 24735-24675 levels. On the upper side BANK NIFTY will face strong hurdle at
25355 levels, cross over with volume and close above will create short covering at take BANK
NIFTY up to 25475-25650 levels…
INVESTMENT IDEAS…
GOLDIAM INTERNATIONAL LTD (526729 & NSE) (69.75) (Face Value
Rs.10) :- Incorporated in 1986, Mumbai based Goldiam International Limited, together with its
subsidiaries, manufactures, markets, and distributes diamond studded gold, platinum, and silver
jewelry in India. The company operates in two segments, Jewellery Manufacturing and Investment
Activity. In investment segment company invest its surplus funds in MF, equities etc. Its products
include engagement rings, wedding bands, anniversary rings, bridal sets, earrings, pendants, and
necklaces. The company also exports its products.
It has an equity base of just Rs.24.95crore that is supported by huge reserve of around
Rs.331.26crore. The promoters hold 57.72% while the investing public holds 42.28% stake in the
company. Its share book value works out to Rs.147.45 and the price to book value ratio stands at
just 0.48x.
Company has posted fantastic numbers for Q1FY19. For Q1FY19 its PAT soared 211.42% to
Rs.8.72crore from Rs.2.8crore in Q1FY18 on 42.69% higher sales of Rs.105.84crore fetching an
EPS of Rs.3.5.
It is regularly dividend paying company and it has paid 15% dividend for FY18. At CMP, GIL
trades at PE ratio of just 6.8x earnings.
Recently company bagged exports order worth Rs.140crore. Everyone, whose financial advi-
sor is allowing to trade in this stock for medium to long term can watch with a stop loss of Rs.60.
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

INVESTMENT
MARKET TREND NIKHIL BHATT

(+919979380808)
WWW.INVESTMENTPOINT.IN
PERIOD : 1-10-2018 to 5-10-2018
NIFTY FO Range @ 10964 TO 11101 Point In Short Term…!!!

Dear Traders…. For the Trading Period on 01.10.2018 TO 05.10.2018
NIFTY FO has resistance at 11007 - 11047 Point; above which other resistance levels are at
11073 - 11101 Point with highly Volatile Trend, In Downside support levels are at 10930 - 10909
Point; below 10909 Point, other support levels are at 10888 - 10860 Point.
I am positive for next bullish trend only above @ 11101 Point but be with the trend. Let the
market decide further moves. As we are saying from many days Buying is suggested in falls only...and
it's still a better strategy in the given Scenario...!!!
Regarding Long term positions, it is preferable to remain cautious now...!! If NIFTY FO crosses
@ 11101 Point, again then the upper side target is quite high and it may touch @ 11111 Point in
short term...!!!
BANK NIFTY FO CLOSED @ 25235 AS ON 28.09.2018
BANK NIFTY FO Range @ 24960 TO 25404 Point In Short Term…!!!
BANK NIFTY FO has resistance at 25303 - 25373 Point; above which other resistance levels
are at 25404 - 25447 Point with highly Volatile Trend, In Downside support levels are at 25125 -
25025 Point; below 25025 Point, other support levels are at 24988 - 24960 Point.
I am positive for next bullish trend only above @ 25404 Point but be with the trend. Let the
market decide further moves. As we are saying from many days Buying is suggested in falls only...and
it's still a better strategy in the given Scenario...!!!
Regarding Long term positions, it is preferable to remain cautious now...!! If BANK NIFTY FO
crosses @ 25404 Point, again then the upper side target is quite high and it may touch @ 25447
Point in short term...!!
Golden Stocks For Trading For the date - 01.10.2018 to 05.10.2018
1. INDUSIND BANK (1694) : It is suggested to Buy @ Rs 1680 with SL of Rs 1673 for the target
of Rs 1707 - 1710; below Rs 1673 it can fall up to RS 1660 - 1647 levels. If it crosses Rs 1710 level
than expect nonstop rally up to Rs 1750....!!
2. DIVIS LAB (1318) : Trading point of view Buy @ Rs 1303 With SL of Rs 1288 for the target of
Rs 1333 - 1340 level below Rs 1288 It can show further downfall up to Rs 1270 …..!!!
3. CEAT LTD (1142) : Buy @ Rs 1130 levels considering minor support of Rs 1117 and stop
loss of Rs 1160 for an upper target of Rs 1162 - 1170 levels. Below Rs 1160 it can slip up to RS
1147 - 1130 levels…!!!
4. BATA INDIA (977) : Buy @ Rs 970 levels considering minor support of Rs 963 and stop loss
of Rs 944 for an upper target of Rs 993 - 1001 levels. Below Rs 944 it can slip up to RS 930 - 919
levels…!!!
5. CENTURY TEX. (823) : Buy @ Rs 813 levels considering minor support of Rs 803 and stop
loss of Rs 790 for an upper target of Rs 838 - 858 levels. Below Rs 803 it can slip up to RS 790 -
777 levels…!!!
6. NIIT LTD (76) : Delivery base Buy @ Rs 72 of this stock near @ Rs 64 with SL of Rs 60 for the

Financial Weekly

INVESTMENT
target of Rs 83 - 88 level. It is very good for medium term position also…!!!
7. ZEN TECHNO (70) : This stock is looking very good to Buy @ Rs 66 with SL of Rs.60 for the
target of Rs 74 - 80 Levels below Rs 60 is stock shall witness free fall…!!!
8. RELIANCE IND. (1260) : It is suggested to Sell with SL Rs 1273 for the target of Rs 1247 -
1233 below @ Rs 1233 it can slip up to Rs 1217 - 1208 level. Above Rs 1273 level will take the
stock to Rs 1280 - 1293…!!!
9. RAYMOND LTD (668) : It is suggested to Sell @ Rs 680 with SL of Rs 694 for the target of Rs
644 - 630 ; below Rs 630 it can fall up to RS 623 - 616 levels. If it crosses Rs 680 level than expect
nonstop rally up to Rs 686....!!
10. HIND PETRO (252) : It is suggested to Sell with SL Rs 260 for the target of Rs 240 - 233
below @ Rs 233 it can slip up to Rs 226 - 219 level. Above Rs 263 level will take the stock to Rs
269 - 273..!!!
11. JET AIRWAYS (178) : It is suggested to Sell @ Rs 193 with SL of Rs 202 for the target of Rs
166 -157 below Rs 157 it can fall up to RS 151 - 147 levels. If it crosses Rs 202 level than expect
nonstop rally up to Rs 212....!!
Note: - Before Act Please refer Terms & conditions, Disclaimer on www.nikhilbhatt.in
www.Chittorgarh.com
Stock Broker Share Broker Reviews
VS IPO/FPO/NCD
Stock Broker Info Website
Top 25 Share / Commodities Brokers in India - Compare
Sharekhan V/s Angel Broking ICICIDirect V/s Kotak Securities
RKSV V/s Zerodha Trade Smart V/s Compositedge
IIFL V/ s MotilalOswal • Ventura V/s Indiabulls
Get Latest IPOs / FPOs Information
Current IPO list Grey Market Premium IPO Calendar
IPO Allotment Status IPO Performance Tracker Free IPO Email Alerts
Visit : http://www.chittorgarh.com

Financial Weekly

INVESTMENT
Primary Market - Dilip K. Shah

Primary Market's moral has got affected as Sensex falls nearly 2000 points in September
In last 8 months attractive IPOs have fallen by 75%: out of three IPOs two are getting listed below offer price
Correction in Secondary Market, poor response to IPOs and poor listing are warning bells for Primary Market
Investors receive major setback in September as out of 14 IPOs - including 2 mainboard, 6 BSE SME and 6
NSE SME got listed with discounts - PSU IPO of IRCON got listed with 13% discount
Garden Reach and Avas Fin IPOs sailed through as got managed after poor response
Dinesh Engg's mainboard IPO got poor response on the first day: It lack fancy due to being T group issue
As Shraddha have begun from September 25, the primary markets witnesses mini vacation of two weeks
SM Gold's SME IPO with fixed price of Rs30 to raise Rs 7.50 crore will open on October 3
Lead Manager Beeline Broking's first IPO of Ranjeet Mach gets listed with 10% premiums:
Second IPO Shubham got oversubscribed on the first day
Recently closed SME IPOs Parin Furniture and Kshitij got good response compared to others
How and when will be allotment and listing in Aavas, Garden Reach and Dinesh Engg IPOs?
AhladaEngg.'s NSE SME IPO got listed with discounted price but spurted to reach offer price
Garden Reach subscription deadline extended: First incident of subscription deadline extension for PSU issue
Indian share markets have dose dived. The Sensex is believed to have plunged 2700 points ,
with plunge of 2000 points in September only. Attractive IPOs including Apollo Micro, Amber En-
terprise, HDFC AMC have plunged nearly 75%. It is believed that out of every 3 IPOs 2 are getting
listed in discount. In last six months nearly 67% have got listed below offer price.
Along with secondary market, the sentiment of primary market has also got affected. Moreover,
due to ShraddhaParv, the primary market is likely to witness mini vacation for two weeks.
This week's IPOs :- as the September is coming to an end, there are 14 IPOs including two
mainboard, 6 NSE SME and 6 BSE SME IPOs are in the market.
* Mainboard IPOs:-
• Garden Reach :- The issue with price band of Rs115-118 opened on September 24 and was
IPO Market in RED scheduled to close on September 26 but deadline has been
Co. Listing Listing CMP Ch.
Open (Rs.) Gain (%) (Rs.) (%) extended. The offer price has been reduced to Rs114 to
Apollo Micro 478.00 65.13 132.40 -51.85 Rs118. However, logic behind reducing the floor price only
Amber Ent. 1175.00 44.03 940.70 9.51
IndoStar Cap. 600.60 2.36 343.65 -39.92 by Rs1 is a mystery. This is the first incident where in the
ICICI Sec. 435.00 -14.44 297.80 -42.73
Credit Axess 393.00 0.28 300.35 -28.83 floor price is reduced and subscription deadline is extended
Galaxy Surf. 1525.00 14.74 12.46.60 -15.77 in the PSU IPO.
Listing Information of BSE / NSE SME & Main LIne IPOs

Co. Name BSE Listing Offer Listing Listing Listing Listing CMP
Code Date Price Price Day Day Day
(Rs.) (Rs.) High Low Close 28-9-18
Rajshree Polypack NSE SME 24-9-2018 120.00 111.05 116.60 105.70 116.60 120.00
AKG Exim NSE SME 26-9-2018 31.00 32.25 32.25 31.50 32.00 31.00
Ahlada Engineers NSE SME 27-9-2018 150.00 141.00 148.05 141.00 145.05 150.00
Ranjeet Machatronics 541945 26-9-2018 25.00 27.50 28.85 27.50 28.35 27.20
IRCON Intl. 541956 28-9-2018 475.00 410.30 464.40 410.30 416.65 416.65

Financial Weekly

INVESTMENT
yk MkÃíkknLkk Main - line IPO Ãkh yuf Lksh (Non SME)

Sr Company Issue Open Dt. Issue size Offer price Min. Rs. 1,00,00 Rs. 2,00,000 Listing Lead Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) App. Limit Limit Manager %
1. Dinesh 28-9-2018 1,00,00,000 Eq. Shares 183 to 185 80 Shares 480 Shares 1040 Shares BSE Hem Sec. 35%
Wait for Listing
Engineers 3-10-2018 (Rs. 185 Cr.) -- (Rs. 14,800) (Rs. 88,800) (Rs. 1,92,400) NSE
(High Risk
(Book Building) Low Return)
Subscription :- The issue got 1.01 Grey Market Premium

SME IPOs Offer Price Premium Kostak Price Subject to Sauda
times subscription on September 1.01 (Rs.) Min.Appl.(Rs.) (Confirm) (Rs.)
was believed to have sail through. How- Aaavas Financiers 818 to 821 -5 to -7 -- --
(Discount)
ever, it was possible as LIC and other gov- Dinesh Engg. 183 to 185 -6 to -8 -- --
ernment organizations provided help. It (Discount)
Parin Furniture 60 to 63 -- -- 7000
got 1.81 times subscription in QIB, 0.3 Kshitij Polyline 35 -- -- 8000-9000
Shubham Polyspin 40 -- -- 11000
times in HNI, 0.23 times in retail and 0.13
Do not subscribe for IPO by just seeing premium price as it may change anytime
times in retail segment. The IPO may get before listing : Subscribe only considering fundamental of the Companies
For latest grey market premium please check everyday
listed below floor price. Considering the
www.smartinvestment.in
current situation, it won't be surprising that it get listed below 100 level.
• Aavas Fin :- Rs1734 crore issue with price band of Rs818 to 821 got poor response from the
beginning. It got 2.77 times subscription in QIB, 0.26 times in HNI, 0.25 times in retail with overall
subscription of 0.97 times.
The floor price can be discovery price in the issue. It may give full and firm allotment in retail
segment. It may get listed on October 8.
• Dinesh Engg :- Mumbai-based company's Rs185 crore IPO with price band of Rs183 to 185
will open on September 28 and close on October 3. More details have been published in separate
box.
Interestingly, this is the first mainboard IPO of lead manager Hem Securities so it will be 'Test
Case'. It got only 0.05 times subscription on the first day.
The company's fundamentals are strong but offer price is high and it's a 'T' group issue so lacks
fancy. It may get affected by poor response and listing of Aavas Fin, Garden Reach and IRCON. It
might be a risky affair for small investors.
It may get listed with discount if the market sentiments don't support.
• IRCON Int Listing (541956) :- The issue with offer price of Rs475 got listed on September 28
at price of Rs410.30, i.e. 13.50% discount, and went up to Rs464.40 and down to Rs410.30 before
closing at 416.65. It got closed at 12% discount. It may give positive return in long term.
Tentative Timetable for Main line & SME IPOs

Tentative Kshitij Poly. Aavas Fin. Parin Furn. Dinesh Engg. Silgo Retail Marin Ele.
(NSE SME) (Main Line) (NSE SME) Main Line (NSE SME) (NSE SME)
Issue Closed 27-9-2018 27-9-2018 28-9-2018 3-10-18 3-10-18 3-10-18
Finalization of Basis of Allotment 3-10-2018 3-10-2018 4-10-2018 9-10-18 8-10-18 8-10-18
Unblocking of Fund 4-1-2018 4-10-2018 5-10-2018 10-10-18 9-10-18 9-10-18
Credit of Equity Shares 5-10-2018 5-10-2018 5-10-2018 10-10-18 10-10-18 10-10-18
Listing 8-10-2018 8-10-2018 9-10-2018 11-10-18 11-10-18 11-10-18

Financial Weekly

INVESTMENT
BSE SME IPO

Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size (Out of 50)
1. A1 Acid 25-9-2018 30,00,000 Eq. 60 2000 Shares 31% : Over priced
Limited 1-10-2018 (Rs. 18 Cr.) (Rs. 1,20,000) (AVOID)
2. Dolfin 27-9-2018 20,00,000 Eq. 26 4000 Shares 34% : Fully priced
Rubbers Ltd. 1-10-2018 (Rs. 5.20 Cr.) (Rs. 1,04,000) (LONG TERM)
3. Sun Retail 27-9-2018 43,98,000 Eq. 23 6000 Shares 27%
Limited 3-10-2018 (Rs. 10.12 Cr.) (Rs. 1,38,000) AVOID
4. AKI India 28-9-2018 28,00,000 Eq. 11 10,000 Shares 30%
Limited 3-10-2018 (Rs. 3.08 Cr.) (Rs. 1,10,000) RISKY
5. Shubham 28-9-2018 15,00,000 Eq. 40 3,000 Shares 38%
Polyspin Ltd 4-10-2018 (Rs. 6 Cr.) (Rs. 1,20,000) Apply for Short Term
6. Veeram Infra 28-9-2018 21,06,000 Eq. 51 2,000 Shares
NEXT WEEK
Engineering 8-10-2018 (Rs. 10.74 Cr.) (Rs. 1,02,000)
7. S.M. Gold 3-10-2018 25,00,000 Eq. 30 4,000 Shares
10-10-2018 (Rs. 7.50 Cr.) (Rs. 1,20,000) NEXT WEEK
NSE SME IPO

Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size (Out of 50)
1. Kritika 26-9-2018 48,12,000 Eq. 32 4000 Shares 35%
Wires 1-10-2018 (Rs. 15.40 Cr.) (Rs. 1,28,000) Mid to Long Term
2. Silgo Retail 27-9-2018 13,56,000 Eq. 36 3000 Shares 30%
3-10-2018 (Rs. 4.88 Cr.) (Rs. 1,08,000) AVOID
3. Marine 28-9-2018 64,96,000 Eq. 64 to 66 2000 Shares 39%
Electricals 3-10-2018 (Rs. 42.87 Cr.) (Rs. 1,32,000) Apply for Short Term
4. Vinny 28-9-2018 25,96,000 Eq. 40 3000 Shares 35%
Overseas 3-10-2018 (Rs. 10.38 Cr.) (Rs. 1,20,000) Apply for Mid Term
5. B&B Triplewall 28-9-2018 55,53,000 Eq. 36 3000 Shares 28%
Containers 5-10-2018 (Rs. 19.99 Cr.) (Rs. 1,08,000) AVOID
6. Inscribe 28-9-2018 29,23,000 Eq. 41 to 43 3000 Shares
NEXT WEEK
Graphics 10-10-2018 (Rs. 12.57 Cr.) (Rs. 1,29,000)
Dinesh Engineers * SME IPOs:-

Retailers may apply • BSE SME IPOs : This week six IPOs - A1 Acid, Dolfin Rubbers,
Shares Amt. Shares Amt.
80 14800 560 103600 Sun Retail, AKI India, ShubhamPolyspin and Veeram Infra - are in the
160 29600 640 118400 market. Analysis of all the issues is given in separate box.
720 133200
240 44400
800 148000
320 59200 880 162800 Moreover, SM Gold's Rs7.50 crore issue with fixed price of Rs30 is
400 74000 960 177600
480 88800 1040 192400
entering into the market on October 3. Analysis will be given next week.
• NSE SME IPO :- This week six IPOs - Kritika Wires, Silgo Retail,
Su bsc ription f igu re of
Dinesh Engi neer s Ma in L ine Marine Electricals, Vinny Overseas, B&B Triplewall Containers - are in
Category No.Shares Subscribed the market. Analysis is given in separate box.
Offered/ 28-9-18 • SME IPO subscription :- Mac Hotel, ManoramaInd, Kshitij Polyline
Reserved and Innovative Idea got 1 to 1.5 times subscription, while Rajnandhini
QIB 5000000 0.00x
NII 1500000 0.21x Metal got 1.31 times and Parin Furniture got 2.31 times subscription.
Retail 3500000 0.06x However, it the SME issues that are still in the market,
Total 10000000 0.05x

Financial Weekly

INVESTMENT
ShubhamPolyspin has to 1.06 times sub-

Subscription Figures of SME IPO (Dt. 21-9-2018)
IPO Listing Day Subscribed
scription on the first day. This is the second Mac Hotels BSE SME Issue Closed on 25-9-2018 1.44x
Manorama Ind. BSE SME Issue Closed on 25-9-2018 1.02x
issue of the lead manager Beeline Broking.
Kshitij Polyline NSE SME Issue Closed on 27-9-2018 1.37x
Its first issue Ranjeet Mach got listed with Innovative Ideals BSE SME Issue Closed on 26-9-2018 1.23x
Rajnandini Metal NSE SME Issue Closed on 27-9-2018 1.31x
10% premiums. Vinny Overseas got 0.49
Parin Furniture NSE SME Issue Closedo on 28-9-2018 2.31x
times subscription on first day and Kritika A1 Acid BSE SME 4th Day Subscribed 0.67x
Kritika Wires NSE SME 3rd Day Subscribed 1.42x
Wires got 1.42 times subscription on the
Dolfin Rubbers BSE SME 2nd Day Subscribed 0.52x
third day. More details are given in sepa- Silgo Retail NSE SME 2nd Day Subscribed 0.38x
rate box. Sun Retail BSE SME 2nd Day Subscribed 0.00x
AKI India Ltd. BSE SME 1st Day Subscribed 0.08x
* SME Listing :-Four SME IPOs got listed Shubham Polyspin BSE SME 1st Day Subscribed 1.06x
this week, details of which are given in Veeram Infra Engg. BSE SME 1st Day Subscribed 0.01x
Marine Electricals NSE SME 1st Day Subscribed 0.16x
separate box. Vinny Overseas NSE SME 1st Day Subscribed 0.49x
*** B&B Triplewall Cont. NSE SME 1st Day Subscribed 0.20x
Subscription figure of
Subscription figure of Aavas Financiers Ltd.
Garden Reach Shipbuilders & Engineers Ltd.
(Issue Closed on 27-9-2018)
No.Shares Issue Subscribed
No.Shares Issue Subscribed
Offered/ 24-9-18 25-9-18 26-9-18 27-9-18 28-9-18
Offered/ 25-9-18 26-9-18 27-9-18
Reserved
Reserved QIB 1,43,19,000 0.00x 0.00x 1.22x 1.22x 1.81x
QIB 53,55,555 0.09x 0.64x 2.77x
NII 42,95,700 0.00x 0.00x 0.00x 0.30x 0.30x
NII 40,42,239 0.00x 0.09x 0.26x
Retail 1,00,23,300 0.04x 0.09x 0.22x 0.22x 0.23x
Retail 94,31,890 0.02x 0.05x 0.25x
Empl. 5,72,760 0.01x 0.02x 0.12x 0.13x 0.13x
Total 1,88,29,684 0.03x 0.23x 0.97x Total 2,92,10,760 0.01x 0.03x 0.67x 0.72x 1.01x
GREY MARKET MOVEMENT

In Grey Market the mainboard issues are witnesses discounts instead of premiums
Aavas Fin's IPO got poor response, it is believed to be available at discounted rates of Rs 5/7
Dinesh Engg's issue belongs to 'T' group so lacks fancy: Discounted price of 6/8
Grey market is active in SME IPO of Ranjeet Mach: Activities rise in Parin, Kshitij and Shubham
After secondary and primary markets, now Grey Market is also witnessing discounted prices
in major IPOs, particularly in mainboard IPOs. The activities in Sakar Bazaar is minimal due to
poor response and listing of IRCON, Aavas Fin and Garden Reach issues. Subject to rates
deals are the only segment moving in SME IPOs. However, the deals are not taking place in
Garden Reach IPO.
Aavas Fin :- The premiums crossed Rs200 level once but started coming down and not it is
available at discount of R5 to 7 from offer price.
Dinesh Engg :- As the IPO value is Rs185 crore, it belongs to 'T' group. Generally, the opera-
tors are not interested in 'T' group issues. But the stock is available at discount of Rs6-8 from
offer price. J
SME IPOs :- Grey Market has turned active in SME IPOs after a long time. In Ranjeet Mach,
the subject to rates are believed to be Rs13,000. Last week, Kshitij Polyline subject to rates
were believed to be Rs8000/9000. Parin Furniture subject to rates were believed to be Rs7000
and ShubhamPolyspin subject to rates were believed to be Rs11,000.

Financial Weekly

INVESTMENT
Dinesh Engineers Main Line IPO

Opens on 28th September & Closes on 3th October
Price Band Rs. 183 to 185; Listing on BSE NSE ‘T’ Group
Equity cost to promoters is only 8 Paisa,
Now offering 'Khali Khokha' at Rs. 183 to 185 ! will you Buy?
Befor DRHP filing in SEBI company issued bonus shares at ratio of 117:1
Considering high P/BV 5.05, Slow down in telecom ind. Mismatch in Tax Provision
Dependent on Large customers, unlikely to sustain high profit margins
Investors may avoid this risky issue 'Wait & Watch' for listing
Incorporated in 2006, Mumbai based Dinesh Engineers Limited is a company engaged in the business of
providing passive communication infrastructure services mainly to the Telecom operators and internet service
providers . The company has been licensed by the Department of Telecommunications (DoT). The company has
created its own optic fiber network of around 7500 km across the state of Rajasthan, Maharashtra, Goa, Gujarat,
Karnataka, Andhra Pradesh, and Telangana. The wired network infrastructure solutions of the company are used
by many Telecom Companies such as Airtel, BSNL, Idea, Reliance Jio, Vodafone, Tata Communication etc. It also
has Mahanagar Gas limited as its customer for Gas Pipeline work.
Issue Details
• Issue Opens on 28th September & Closes on 3th October 2018
• Object of the issue: Setting up of further OFC Network under IP_1 License
• Issue Size : 1,00,00,000 Equity Shares • Face Value Rs. 10, Total Rs. 185.00 Cr.
• Price Band Rs. 183 to 185 Per Shares • Minimum Lot Size 80 Shares, Listing BSE - NSE
• BRLM : Hem Securities Ltd. • Registrar : Link Intime (I) Pvt. Ltd.
• Company Management : Mr. Dinesh Kollaiah Kargal, Mrs. Shashikala Dinesh Kargal
Financial Performance
Particulars (Rs. Cr.) FY 15 FY 16 FY17 FY 18
Total Revenue -- 122.50 169.91 302.78
Profit After Tax -- 12.89 22.00 61.70
EPS -- 4.37 7.45 20.95
RONW (%) -- 44.50 47.63 57.23
• Average of last 3 Yrs. EPS Rs. 13.69 & RONW 51.91%
• Pre Issue P/BV Ratio 5.05 (NAV Rs. 36.60)
• Pre IPO P/E Ratio : 8.83
• Post IPO asking P/E on fully diluted equity : 12.3
• Pre Issue Eq. Capital Rs. 29.50 Cr., Post IPO Eq. Capital Rs. 39.50Cr.
• Industry Peer group PE Ratio : NIL
• BRLM’s Performance : Total 50 issues Handaled in last 6 Years, IN Last 10 Listing. 8 Issues in Premium & 2
Issue in discount.
Other side of Coin
• The average cost of aquistion of equity share to the promoter is Only 0.08 (8 Paisa). IN other words company is
offering 'Khali Khokha' at Rs. 183 to 185
• ON 20th November 2017 before filing DRHP to the sebi company has issued bonus shares in the ratio 117:1
• Post IPO share will be listed in T Category
• On valuation front considering P/BV of at 5.05 it's a pricey offer.
• Negative cash flow from financial & investment activities.
• In FY 18, 87.38% revenue from TOP-5 Clients is a risky business
• Substainablity high profit margings is douwnfall
• Mismatch in Tax provision in P&L and actual tax payment for FY 18 as per cash flow
• Slow down in Telecom Sector.

Financial Weekly

INVESTMENT
A1 Acid Limited BSE SME IPO

Opens on 25th September & Closes on 1st October
Offer price Rs. 60 ; Listing on BSE SME
Considering reduction in RONW, Higher Valuations and
Inconsistent financial performance, Avoid this IPO
Incorporated in 2004, Ahmedabad based A-1 Acid Limited is a company engaged in the
business of trading of industrial acid and Chemicals. The company offers a wide range of chemical
products used in different industries like aluminum, chemical, textile, steel, pesticides, fertiliz-
ers, defense, metals, and petrol refineries. It also provides transportation facilities to businesses
through its fleet of tankers.
Issue Details
• Issue Opens on 25th September & Closes on 1st October 2018
• Object of the issue: Working capital requirment
• Issue Size : 30,00,000 Equity Shares
• Face Value Rs. 10, Total Rs. 18 Cr.
• Offer price Rs. 60 Per Shares
• Minimum Lot Size 2000 Shares, Listing BSE - SME
• BRLM : Guiness Corporate Advisers Ltd.
• Registrar : Cameo Corporate Services Ltd.
• Company Management : Mr. Harshadkumar Patel, Mr. Jitendra Patel
Total Revenue 97.01 85.39 105.80 96.17
Profit After Tax 0.13 0.92 3.00 2.48
EPS -- 1.32 4.29 3.54
RONW (%) -- 11.14 26.54 17.98
• Post Issue P/BV Ratio 1.87 (NAV Rs. 32.08)
• Pre IPO P/E Ratio : 16.95,
• Post IPO asking P/E on fully diluted equity : 25
• Pre Issue Equity Capital Rs. 7 Cr. Post IPO Equity Capital Rs. 10 Cr.
• BRLM’s Performance : Total 27 issues Handaled in Last 3 Years. IN Last 10 Listing, 9 Issues
in Premium & 1 Issue in Discount.
Other side of Coin
• The average cost of acquisition to the promoter per equity shares is Only Rs. 0.70
• It has issued bonus shares in the ratio of 6:1 in December 2017
• Godown / Warehouses are not owned by the company.
• Negative cash flow in the past.
• RONW margins have gone down in FY 18.
• Recommendation: Considering inconsistent financial performance, reduction in RONW &
High PE of 25, Investors may avoid this issue.

Financial Weekly

INVESTMENT
Dolfin Rubbers Ltd. BSE SME IPO

Increase Crude prices & growing demand of Tubeless Tyre are challenges
Investor may apply for long term in this fully priced IPO
Incorporated in 1995, Ludhiana based Dolfin Rubbers Limited is a company engaged in the
business of manufacturing Auto and Animal Driven Vehicle (ADV) tubes. The company manu-
factures a range of rubber tubes, for various types of vehicles including Mopeds, Scooters, Mo-
torcycles, Cars, Jeeps, Buses, Trucks and Tractors etc. It sells auto tubes under the Dolfin Brand.
Issue Details
• Face Value Rs. 10, Total Rs. 5.20 Cr.
• BRLM : Guiness Corporate Advisers Ltd.
• Registrar : Bigshare Services Pvt. Ltd.
• Company Management : Mr. Kawaljit Singh, Mrs. Ratinder Kaur.
Total Revenue 32.55 40.92 43.09 54.02
Profit After Tax 0.67 0.53 0.70 1.34
EPS -- 0.96 1.26 2.42
RONW (%) -- 9.65 11.28 17.83
• Average of last 3 Yrs. EPS Rs. 1.79 & RONW 14.29 %
• Pre Issue Equity Capital Rs. 5.52 Cr. Post IPO Eq. Cap. Rs. 7.52 Cr.
• BRLM’s Performance : Total 28 issues Handaled in Last 3 Years. In Last 10 Listing, 9 Issues
Other side of Coin
• The Average cost of acquisition of Equity share to the promoter is Rs. 2.71 to 2.83
• It has issued bonus shares in the ratio of 3:1 in December 2016
• Increase in the prices of crude oil may credit. Problem business its main raw material for
rubber. Manufacturing & will affect margins. Increase in the demand for tubeless tyres may
pose big challenge.
• Cash flow negative last years.
• Recommendation : Increase in the crude oil prices and growing demand of Tubeless tyres
may create problem. Investor may apply for long term in this fully priced issued.

Financial Weekly

INVESTMENT
Sun Retail BSE SME IPO

Opens on 27th September & Closes on 3rd October
Considering vary costly valuations,
High volume - Low margin business, avoid this pricey IPO
Incorporated in 2007, Ahmedabad based Sun Retail Limited is a company engaged in the business
of trading into refined/filtered edible oils. The major products of the company include cottonseed oil,
groundnut oil, and sunflower oil. It also performs the activity of bulk trading of palmolein oil and soyabean
oil. The products are sold under the brand name of Dharti and Dharti singtel.
Issue Details
• Issue Opens on 27th September & Closes on 3rd October 2018
• BRLM : FEDEX Securities Ltd.
• Company Management : The Company promoted by TJR Agro Pvt. Ltd. - Mr. Jayesh Thakkar, Mrs.
Gauri Thakkar
Total Revenue 23.10 25.63 68.06 65.32
Profit After Tax 0.01 0.04 0.19 0.23
EPS -- 0.36 1.87 1.06
RONW (%) -- 3.56 15.68 3.29
• Pre Issue Eq. Capital Rs. 5.30 Cr. Post IPO Eq. Capital Rs. 9.70 Cr.
• BRLM’s Performance : Total 5 issues Handaled in Last 3 Years. In Last 4 Listing, 3 Issues in
Premium & 1 Issue at par.
Other side of Coin
• The average cost of acquisition of Equity shares to the promoter is Rs. 12.45
• Its high volume, Low margin business
• Sudden jump in Top & Bottom lines on FY 17 & FY 18 is surprising
• Company is depended on few clients.
• Negative cash flow in previous years.
• Highly competitive business
• Recommendation : Considering high volume - Low margin, very competitive business and
exorbitantly priced offer, investor may avoid this pricey IPO.

Financial Weekly

INVESTMENT
Shubham Polyspin BSE SME IPO

Offer price Rs. 40; Listing on BSE SME Platform
Considering reasonable offer price, expansion program and
Strong fundamentals, investors may apply for short - mid term
Incorporated in 2012, Gujarat, Mehasana based Shubham Polyspin Limited is a company engaged in
the manufacturing of Polypropylene Multifilament Yarn of various types including Air-Intermingled yarn,
Twisted Yarn & Shubhlon Bag closing yarn. The yarn produced from the company are used in various
fields like Geo-Textiles, Filter Cloth, HDPE, In FIBC, PP Bags, Narrow Woven Fabrics (webbings &
tapes) etc.
Issue Details
• Object of the issue: Working capital requirment, Modernizations of Plant and machineries.
• Face Value Rs. 10, Total Rs. 6 Cr.
• Minimum Lot Size 3,000 Shares, Listing BSE - SME
• BRLM : Beeline Broking Ltd.
• Registrar : Link Intime (I) Pvt. Ltd.
• Company Management : Mr. Anil Devkishan Somani, Mr. Ankit Anil Somani, Mr. Akshay Anil Somani
Total Revenue 13.55 15.40 17.71 28.27
Profit After Tax 0.20 0.25 0.22 1.48
EPS -- 1.14 0.59 3.69
RONW (%) -- 7.14 4.61 24.03
• Pre Issue Eq. Capital Rs. 4.01 Cr., Post IPO Eq. Capital Rs. 5.51Cr.
• Industry Peer group PE Ratio : 22 (Garware Technical)
• BRLM’s Performance : Total 2 issues Handaled. In Last 1 Listing (Ranjeet Machatronics) with
high Premium.
Other side of Coin
• The average cost of acquisition of equity to the promoter is Rs. 10
• Suffered set back on bottom line for FY 17
• Sudden jump in bottom line of FY 18 i.e. 6 times in comparison of FY 17 is surprising.
• IT Department has raised several demands against company.
• Low profit margin in comparison of industries
• Recommendation : Considering 88% capacity utilization expansion program, reasonable
offer price, strong fundamentals, investor may apply for short to midterm in this issue.

Financial Weekly

INVESTMENT
AKI India BSE SME IPO

Offer price Rs. 11; Listing on BSE SME
Considering inconsistently in financial performance
It's risky IPO even though offer price is near at par
Incorporated in 1994, Kanpur based AKI India Limited is a company engaged in the business of
manufacturing and export of leather and leather goods. The company manufactures saddlery products,
footwear as well as leather. The company operates through two business verticals, retail, and distribu-
tion. The retail business operates through exclusive stores while the distribution vertical operates through
multi brand outlets.
Issue Details
• Minimum Lot Size 10,000 Shares, Listing BSE - SME
• BRLM : Finshore Management Services
• Company Management : Mr. Asad Kamal Iragi, Mr. Anwar Kamal Iragi.
Total Revenue 35.01 42.37 43.45 49.13
Profit After Tax -(1.08) 0.17 0.11 1.11
EPS -- 0.42 0.24 1.11
RONW (%) -- 6.69 1.17 15.28
• Pre Issue Eq. Capital Rs. 7.50 Cr. Post IPO Eq. Capital Rs. 10.30 Cr.
• Industry Peer group PE Ratio : Mirza Intl. (PE : 14.6)
• BRLM’s Performance : Total 4 issues Handaled in Last 3 Years. In Last 3 Listing, 1 Issues in Pre-
mium & 2 Issues in discount.
Other side of Coin
• The average cost of acquisition of equity shares to the promoters is Rs. 6.67
• It has issued bonus shares in the ratio of 1:2 in Dec. 2017
• Company made loss in FY 15
• Company two promoters have been disqualified as a directors
• Numbers of litigations against promoter
• Negative cash flow in the recent past
• It do not own trademark that they use
• Competition from unorganized players
• Recommendation : Considering loss in FY 15, Sudden 10 time jump in bottom line of FY 18, un-
stable RONW its risky IPO even though offer price is near at par.

Financial Weekly

INVESTMENT
Silgo Retail NSE SME IPO

Offer price Rs. 36 ; Listing on NSE SME
Sudden jump in Top-bottom lines for FY 18 is surprising
Considering limited track record & high valuations, avoid this IPO
Incorporated in 2016, Jaipur based Silgo Retail Limited is a company engaged in the busi-
ness of designing, manufacturing, wholesaling and retailing of silver jewellery. The company It
mainly deals in silver jewellery. Its product portfolio includes bracelets, necklaces, rings, ear-
rings, jhumki, bangles and customized jewellery.
Issue Details
• Object of the issue: Raise Funds for Long Term working capital requirment. • Issue Size :
13,56,000 Equity Shares
• Minimum Lot Size 3000 Shares, Listing NSE - SME
• BRLM : Aryaman Financial Services
• Company Management : Mr. Nitin Jain, Mrs. Bela Agrawal
Total Revenue -- -- 4.98 16.47
Profit After Tax -- -- 0.18 0.95
EPS -- -- 0.81 4.22
RONW (%) -- -- 95.83 83.30
• Pre Issue Equity Capital Rs. 3.71 Cr. Post IPO Eq. Cap. Rs. 5.07 Cr.
• Industry Peer group PE Ratio : 29
• BRLM’s Performance : Total 39 issues Handaled in Last 4 Years. In Last 10 Listing, 6 in
Premium & 1 Issue in Discount and 3 at Par.
Other side of Coin
• The average cost of aquistion of promoter is Rs. 7.03
• It has issued bonus shares in the ratio of 110:1 in May 2018
• Company is having very limited track record
• Top - 10 clients accounted 71.77% of total revenue.
• Negative cash flow
• Registered office & Mfg. unit are not own by the company.
• Recommendation : Sudden jump in Top-bottom line of FY 18 is surprising. Considering
limited track recored and high valuations, better to avoid this IPO.

Financial Weekly

INVESTMENT
Kritika Wires NSE SME IPO

Its fully priced IPO & Cost of equity to the promoter is Zero
However considering continuous financial growth, apply for long term
Incorporated in 2004, Kolkata based Kritika Wires Limited is a company engaged in the business of
manufacturing high quality galvanized steel wires and wire products. The products are used for trans-
mission and distribution of Electricity, manufacturing of concrete slippers, poles, bridges etc. The com-
pany caters to the requirement of various companies in the government and private sectors in indus-
tries like infrastructure, power and railway etc. The company grew its revenue at 18.23% annually from
the financial year 2013 to 2017.
Issue Details
• BRLM : Hem Securities Ltd.
• Company Management : Mr. Nareshkumar Agarwal, Mr. Hanuman Prasad Agarwal
Total Revenue 183.40 217.30 207.06 257.89
Profit After Tax 0.43 1.05 2.67 4.94
EPS -- 0.86 2.11 3.82
RONW (%) -- 3.57 7.83 12.66
• Pre Issue Equity Capital Rs. 12.94 Cr. Post IPO Eq. Cap. Rs. 17.75Cr.
• BRLM’s Performance : Total 51 issues Handaled in Last 6 Years. In Last 10 Listing, 8 Is-
sues in Premium & 2 Issue in Discount.
Other side of Coin
• The average cost of acquisition of equity shares to their promoter is 0.00 (Zero)
• It has allotted bonus shares in the ratio of 1:1 in March 2018 before filing DRHP to SEBI
• Company do not own registered office
• Top 15 clients contributed 54.89% in total revenue which is risky business
• Cash flow negative in the past
• It suffered a setback in top line on 2017
• Recommendation : - Its fully priced offer in compression of peer company Ram Ratna.
However considering continuous financial growth investor may apply for long term.

Financial Weekly

INVESTMENT
Marine Electricals (India) NSE SME IPO

Price Band Rs. 64 to 66 ; Listing on NSE SME
Considering strong track record, bright future and reasonable offer price
Investor may apply in this issue for short to mid term
Incorporated in 2007, Mumbai based Marine Electricals (India) Limited is a company engaged in the
business of providing Integrated Electrical and Automation Solutions. The company deals in compre-
hensive electrical solution across industries with a significant presence in the Marine sector (Indian
Navy, Commercial Shipbuilding) and Non-Marine sector (Data Centre, Building Management Systems,
Industrial etc). Marine Electricals provides solutions in Low Voltage, Medium Voltage and Industrial
Automation and has built business relationships with global names like Schneider Electric, Siemens and
GE. The company has 2 manufacturing facilities in South Goa.
Issue Details
• Object of the issue: Working capital requirment.
• Face Value Rs. 10, Total Rs. 42.87 Cr., Price band Rs. 64 to 66 Per Shares
• BRLM : Aryaman Financial Services, • Registrar : Bigshare Services Pvt. Ltd.
• Company Management : Mr. Vinay Uchil, Mr. Venkatesh Uchil
Total Revenue 238.39 251.69 273.65 383.46
Profit After Tax 8.50 9.35 10.80 16.26
EPS -- 5.36 5.95 8.67
RONW (%) -- 14.52 13.66 16.24
• Pre Issue P/BV Ratio 1.27 (NAV Rs. 52.14) • Post Issue P/BV Ratio 1.18 (NAV Rs. 55.81)
• Pre IPO P/E Ratio : 7.61 • Post IPO asking P/E on fully diluted equity : 10
• Pre Issue Equity Capital Rs. 18.04 Cr. Post IPO Eq. Cap. Rs. 24.53Cr.
Premium & 1 Issue in Discount and 3 at Par.
Other side of Coin
• The averages cost of acquisition to the promoter is Rs. 2.50
• It has issued bonus share in the ratio of 3:1 for March 2012
• Company's contingent liability is very high.
• Negative cash flow in the past
• Registered office not owned by the company
• Recommendation : Considering excellent track record and reasonable offer price investor
may subscribe for short to midterm in this IPO.

Financial Weekly

INVESTMENT
B&B Triplewall Containers NSE SME IPO

Considering inconsistent track record, mismatch in RHP data and
High valuations, investors may avoid this risky IPO
Incorporated in 2011, Bengaluru based B&B Triplewall Containers Limited is a company
engaged in the business of manufacturing corrugated boxes and corrugated sheets. It mainly
caters to the packaging industry and has various packaging companies and MNC's as its
clients. The company operates in domestic markets with its products being supplied on a
PAN India basis. Company's manufacturing facilities are situated at Bangaluru and Tamilnadu
Issue Details
• Object of the issue: Working capital requirment, Repayment of Loans.
• Issue Size : 55,53,000 Equity Shares, • Face Value Rs. 10, Total Rs. 19.99 Cr.
• Offer price Rs. 36 Per Shares, • Minimum Lot Size 3000 Shares, Listing NSE - SME
• BRLM : Gretex Corporate Services, • Registrar : Purva Sharegistry (I) Pvt. Ltd.
• Company Management : Manish Kumar Gupta, Alok Agarwal, Ravi Agarwal, Manish
Bothra.
Total Revenue 45.04 101.76 101.95 166.97
Profit After Tax 1.28 1.93 1.67 4.57
EPS -- 103.31 44.88 12.22
RONW (%) -- 14.86 8.50 19.99
• Pre Issue P/BV Ratio 0.59 (NAV Rs. 61.13), • Pre IPO P/E Ratio : 2.95
• Pre Issue Equity Capital Rs. 14.96 Cr. Post IPO Equity Capital Rs. 20.51 Cr.
• Industry Peer group PE Ratio : Worth Peripherals PE : 14.8
• BRLM’s Performance : Total 15 issues Handaled in Last 3 Years. In Last 10 Listing, 6 Issue
in Premium & 1 in discount & 3 Issue at Par.
Other side of Coin
• The average cost of acquisition of equity share to the promoter is Rs. 1.44
• It has issued bonus share in the ratio of 3:1 in March 2018
• IN FY 16 Setback in top - bottom lines.
• Sudden rise in Top & Bottom line for FY 18 raises eyebrows.
• Major revenue (94%) from Karnataka & Tamilnadu
• Negative cash flow in FY 18
• Logo of company is not registered
• Recommendation : - Considering inconsistency in financial performance, mismatch in
RHP data of Pre-post issue EPS & NAV, high valuations, investor may avoid this risky IPO.

Financial Weekly

INVESTMENT
Vinny Overseas NSE SME IPO

Considering good track record and reasonable offer price
Investor may apply for midterm in this issue
Incorporated in 1992, Ahmedabad based Vinny Overseas Limited is a company engaged in
the business of processing of clothing fabrics. It procures Grey Fabric from the market and dyes
the same as per the client's requirements. It is also engaged in Job-Work for wholesale cloth
merchants and trades in grey cloth. Vinny Overseas caters to both domestic and international
clients and has been recognized as a "One Star Export House" by Director General of Foreign
Trade, Ministry of Commerce and Industry.
Issue Details
• Object of the issue: Working capital requirment.
• Face Value Rs. 10, Total Rs. 10.38 Cr., • Offer price Rs. 40 Per Shares
• Minimum Lot Size 3000 Shares, Listing NSE - SME, • BRLM : Pantomath Capital
• Company Management : Mr. Hiralal Parekh.
Total Revenue 87.35 98.30 98.34 130.54
Profit After Tax 0.98 1.11 1.70 3.08
EPS -- 1.69 2.58 4.66
RONW (%) -- 9.78 13.01 19.02
• Pre Issue P/BV Ratio 1.63 (NAV Rs. 24.49), • Post Issue P/BV Ratio 1.39 (NAV Rs. 28.87)
• Pre IPO P/E Ratio : 8.58, • Post IPO asking P/E on fully diluted equity : 12
• Pre Issue Equity Capital Rs. 6.60 Cr. Post IPO Eq. Cap. Rs. 9.19 Cr.,
Premium & 1 issue at par
Other side of Coin
• The cost of acquisition of equity to the promoter is Rs. 7.32
• It has issued bonus share in the ratio of 1:1 in March, 2017
• Company generates substantial revenue from west India.
• Top-5 Customer contributes 30% of total revenue.
• Negative cash flow in 2018
• Plant & Registered office is not owned by company.
• Recommendation : Considering good financial performance and reasonable valuations
investor may apply for midterm.

Financial Weekly

INVESTMENT
Veeram Infra NSE SME IPO

Incorporated in 1994, Ahmedabad based Veeram Infra Engineering Limited is a company
engaged in the business of printing, trading of general mercantile and real estate. In the last 2-
3 years, the company has made changes in its MoA wherein 70% company’s revenues from
now on shall be earned thorugh its real estate business and the remaining from the ancillary
business. The company has entered into a land development agreement measuring approxi-
mately 7.34 hectares at Sanand, Ahmedabad. The company will do the levelling and landfilling
sell these plots in different sizes.
Issue Details
• BRLM : First Overseas Capital Ltd.
• Registrar : Karvy Computershare Pvt. Ltd.
• Company Management : Mr. Satishkumar R. Gajjar, Mrs. Geetaben S. Gajjar.
• Pre Issue P/BV Ratio 1.82 (NAV Rs. 28)
• Pre Issue Equity Capital Rs. 5.85 Cr. Post IPO Equity Capital Rs. 7.96 Cr.
• BRLM’s Performance : Total 20 issues Handaled in Last 5 Years. In Last 10 Listing, 3 Issues
Note : Company's RHP is not available hence review will be published in our next issue.
Meantime investor may refer Smart Bonanza or log on to our Website www.smartinvestment.in
for rating & recommendation

Financial Weekly

INVESTMENT
Smart Best Buy S. N. Zaveri

Info Edge : Aggressive management
Yes Bank : Say yes to this stock after steep fall
Divi’s Lab : There is value even after 25% jump in 3 months
Tata Steel : Usha Martin acquisition will benefit
Venky’s India : Huge opportunity in India as well Abroad
Info Edge (Rs. 1427.00) (Code : 532777) (F. V. : 10.00) : Post slower growth in
the recruitment business in the past two years, Info Edge (India) Limited (Info Edge) has reported
15.4% billing growth in Q1FY2019. Though billing growth of the recruitment business was driven
by improving IT hiring during the quarter, management states it is early to conclude that the trend
would continue in the coming quarters. The IT & ITeS segment currently contributes 40-42% to
total revenue of the recruitment business, which is expected to bounce in FY2019/FY2020 on
account of peak utilisation level (among IT companies), rupee tailwind and higherattrition. Traction
for RMS/CMS (launched 2-3 years back) among customers (around 2,500 clients) would also sup-
port the company’s revenue growth in the recruitment segment in the coming years. Further, man-
agement believes its aggressive investments in machine learning and artificial intelligence tech-
nologies would help in reaping dividends by maintaining market share (dominant traffic share with
above 70% in the past two years) in the coming years. Invest.
Yes Bank (Rs. 183.00) (Code : 532648) (F. V. : 2.00) :- Shares of Yes Bank
came under massive selling pressure on September 27, tumbling by over 9 percent and wiping out
Rs 4,642 crore from its market valuation.However, sometimes, bad news is good as it makes the
stock attractive. The RBI had last week curtailed the three-year term that the board had sought for
Kapoor, also one of the promoters of the bank, to January 31, 2019. Every mutual fund and every
FII and every insurance company owned Yes Bank like there was no tomorrow. One man cannot
be the key to the health of a bank. This is an unfounded type of weakness that we have seen
through. There can be imponderables like asset quality diversions but at a Rs 50,000-crore market
cap, Yes Bank has priced in the worst. Buy.
Divis Labs. (Rs. 1309.00) (Code : 532488) (F. V. 2.00) :- Drug firm Divi's
Laboratories reported a 0.89 per cent rise in its standalone net profit to Rs 261.60 crore for the
fourth quarter ended March 31. The company had posted a net profit of Rs 259.29 crore for the
corresponding period of the previous fiscal. Standalone total revenue from operations of the com-
pany stood at Rs 1,136.12 crore for the quarter under review. It was Rs 1,087.57 crore for the same
period a year ago. For the fiscal year 2017-18, the company posted a standalone net profit of Rs
869.58 crore as against Rs 1,053.27 crore in the previous fiscal. Standalone total revenue from
operations stood at Rs 3,949.71 crore for 2017-18. It was Rs 4,141.72 crore in the previous fiscal.The
stock has jumped more than 25 per cent in last three months. Still, thers is value. Buy in phased
manner.

Financial Weekly

INVESTMENT
Tata Steel (Rs. 580.00) (Code : 500470) (F. V. : 10.00) :- Tata Steel's acquisi-
tion of Usha Martin's speciality steel business will improve the share of long steel products in its
business at no additional leverage. Tata Steel, which has a capacity of 27.5 million tonne, has a
disproportionate skew towards flat steel products now while Usha Martin has an integrated steel-
making business with predominantly long steel products which get better margins. Meanwhile,
Tata Steel Processing and Distribution Ltd is setting up a manufacturing unit at an investment of
Rs 92 crore and it received the investment approval from the Government of Odisha, last week.
The proposal by Tata Steel Processing was submitted to set up a manufacturing unit of steel doors
and windows with capacity of 1.80 units per year at Kalinganagar industrial complex, Jajpur. The
stock has fallen recently. It is a buy opportunity.
Venkeys (India) (Rs. 2188.00) (Code : 523261) (F. V. : 10.00) :- : Venky's
(India) is engaged in business portfolio includes animal health products, pellet feeds, processed
and further processed chicken products, solvent oil extraction, and Specific Pathogen-Free (SPF)
eggs. Last month, shares of Venky’s India zoomed 44% in past two trading sessions from Rs 2,250
after the company got excluded from the additional surveillance measures (ASM) list. Venky's has
intended to invest in Kazakhstan's Turkestan Province. The issue was discussed at a meeting of
Turkestan's akim (head of the local government) Zhanseit Tuimebayev with the representatives of
Venky's. According to its director general, the company has joint ventures and projects not only in
India, but also in the US and Europe.If the talks conclude successfully, Venky's is ready to start
operation in Turkestan Province. Buy.
(SEBI Registered Research Analyst)

* Disclosure :- The author has not brought / sold any stock advised in this news paper during last one month • All stocks rates / indices on
28th Sep., 2018 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

Financial Weekly

INVESTMENT
Dalal Street Whispers - Dilip K. Shah
Ugar Sugar (Rs. 14.00) (Code: 530363) :- Sugar sector shares such as Ugar, Dhampur,
Shakti, Balrampur, etc. are expected to remain in focus in view of UP government's Rs. 400 crore
package and central government's Rs. 5,500 crore package for the sector.
Delta Corp (Rs. 210.00) (Code: 532848) :- The number of tourists to Sikkim is ex-
pected to go up with the recent inauguration of a new airport there by PM Narendra Modi. This will
help Delta, which runs a casino in Sikkim.
Oil India (Rs. 218.00) (Code: 533106) :- After touching $ 83 a barrel, the price of Brent
crude has corrected somewhat. This will benefit this company.
Marksans Pharma (Rs. 29.00) (Code: 524404) :- A strong dollar, which is trading
near Rs. 73, will benefit this pharma company, which is largely into exports. There is also likeli-
hood of the company bagging a large order from China in near future.
Mahindra CIE (Rs. 262.00) (Code: 532756) :- This auto equipment manufacturer is
reporting strong numbers every quarter. It is also gearing up to merge a subsidiary with itself.
Minda Ind. (Rs. 354.00) (Code: 532539) :- The company is setting up a new plant in
Maharashtra with an investment of Rs. 500 crores. This will boost the company's performance
going ahead.
TD Power (Rs. 127.00) (Code: 533553) :- The company's board has decided to buy
back shares at Rs.256 per share. Considering the large difference between the current price and
offer price, the share is likely to be in focus.
NMDC (Rs. 113.00) (Code: 526371) :- The Chhattisgarh project of this PSU is slated
to commence operations soon. The share is likely to be in focus.
Subros (Rs. 305.00) (Code: 517168):- Japan's Denso Corporation is increasing its
stake in Subros to 20% through acquisition of preferential shares.
Kesoram Ind. (Rs. 67.00) (Code: 502937) :- The Karnataka government has given
its approval for the company's 675-acre plant.
Vardhman Textiles (Rs. 1,012.00) (Code: 502986) :- This Ludhiana-based com-
pany has tied up with Reliance Industries for developing a new brand of textiles.
GSPL (Rs. 174.00) (Code: 532702) :- Regulator PNGRB has increased the pipeline
tariff by 28%, which will boost the numbers of GSPL as well as GAIL.
Bata India (Rs. 971.00) (Code: 500043) :- The central government recently hiked
customs duty on leather products from 20% to 25%. This will help companies such as Bata, Mirza,
Liberty, Superhouse, etc.
Reliance Ind. (Rs. 1,258.00) (Code: 500325) :- Market reports suggest that gas
prices are likely to go up from October 1. Reliance Industries as well as ONGC are expected to be
big beneficiaries of the price hike.
Disclosures as per SECURITIES AND EXCCHANGE BOARD OF INDIA (Research Analysts) Regulation, 2014; • I and / or my clients may have investment in this

Financial Weekly

INVESTMENT
Senior Astrologer
Dharmesh Joshi
Mob. : 9909941816
E-mail :
[email protected]
Sensex Predictions : Dt. 1st Oct. to 5th Oct.
" 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. "
01-10-2018 Monday :- " The next day is a holiday, so avoid big position. " For 1st October
2018 to 11th October 2018, yearly weightage will be negative while monthly weightage will be
positive. " It is a day of zero weightage. It is clearly written in the book and the monthly file. " Today
you should divide the market in two time frames: " Part 1 - From 9:15 to 11:40, Nifty will be soft or
little down. " Part 2 - From 11:40 to 15:30, the overall broad view can be said to be positive.
02-10-2018 Tuesday :- " Today, the market will be closed on account of Gandhi Jayanti.
03-10-2018 Wednesday :- " Moon and Saturn are facing each other. Thus, Nifty may be
slow somewhere. Keep your patience. " From opening till 10:00, Nifty will be in the soft side. "
Between 10:00 and 11:50, Nifty will be slight up in the first part and down in the second part. "
From 11:50 to 13:50 Nifty will be up. " Between 13:50 and 15:30 Nifty will show sudden up jump.
Thereafter, market will maintain its position.
04-10-2018 Thursday :- " Today the negative combination of Moon-Rahu is accompanied

with the negative combination of Mars-Ketu. " You can do delivery based intra-day. But the day is
risky. " Sell Nifty around 10:10 and buy it around 11:21. " Buy Nifty around 13:30. Nifty will take a
sudden up jump. Around 13:45, when you get Rs 3, make your position accordingly.
05-10-2018 Friday :- " Today you will have to be fast, like 20-20 match. Only then you will
earn. " From 9:15 to 10:15, Nifty will be slightly up. " Between 10:15 and 11:30 Nifty will be down.
" From 11:30 to 13:40, Nifty will be from mixed to positive. " Between 13:40 to 15:30, Nifty will be
positive overall.
Smart Investment : Subscription Rates

E-Copy Every Saturday eveaning in your Mail-box
E-mail Edition
1. Gujarati 1800 3200 4500
(Soft Copy)
(Every Saturday) 2. English 1100 1850 2650
(Soft Copy)
1. Smart Plus 1400 2500 3300
(Every Sunday)
Combined Package for Weekly & News Letter
Guj. & English E-Copy
1 Year 2 Year 3 Year
(Every Saturday)
With 1. Gujarati 2700 5000 7400
Smart Plus News
Letter (Every Sunday) 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

Financial Weekly

INVESTMENT
News Track
63 Moons Technologies
63 Moons Techno Ltd. Sent a letter to BSE and NSE in connection with the clarification on the
news item appearing in Business Standard, dated Sept. 26, 2018 titled SFIO asks for delisting of
63 moons techno. It is clarified that company do not wish to comment on the media reports, as they
are not aware about any such report. Mentioned in the news article. If required company will be first
notified to the stock exchange to company with the regulations.
Nifty & Sensex Movement during the last week

NSE - Nifty Open High Low Close Diff
24-Sep-18 11164.4 11170.15 10943.6 10967.4 -175.7
25-Sep-18 10969.95 11080.6 10882.85 11067.45 100.05
26-Sep-18 11145.55 11145.55 10993.05 11053.8 -13.65
27-Sep-18 11079.8 11089.45 10953.35 10977.55 -76.25
28-Sep-18 11008.1 11034.1 10850.3 10930.45 -47.1
Net Weekly Loss -212.65
Sensex Open High Low Close Diff
24/09/2018 36,924.72 36,945.50 36,216.95 36,305.02 -536.58
25/09/2018 36,350.25 36,705.79 36,064.10 36,652.06 347.04
26/09/2018 36,936.64 36,938.74 36,357.93 36,542.27 -109.79
27/09/2018 36,691.93 36,711.62 36,238.23 36,324.17 -218.10
28/09/2018 36,452.74 36,551.86 35,985.63 36,227.14 -97.03
Net Weekly Loss -614.46

Financial Weekly

INVESTMENT
REVIEW OF “SMART PLUS NEWS LETTER”

Amazing 13% RETURN SMART GAIN
FOR SMART INVESTORS
Company Reccom. Weekly Ch. Company Reccom. Weekly Ch.
24-9-2018 High (%) 24-9-2018 High (%)
Empire Ind. 1512 1578 4.37 Balrampur Chini 79 86 8.86
HDFC Bank 1976 2010 1.72 BOI 86 87 1.16
Coromandal Intl. 399 405 1.5 Alembic Pharma 648 664 2.47
Jubilant Food 1301 1338 2.84 ONGC 180 185 2.78
Dilip Buildcon 760 769 1.18 Shilp Granules 122 126 3.28
Reliance Ind. 1216 1271 4.52 HOEC 138 140 1.45
Carborundum Uni. 381 387 1.57 Jyothy Labs. 199 206 3.52
Ramco Cement 642 672 4.67 Srikalahasthi Pipe 188 200 6.38
TCS 2116 2214 4.63 Infratel 280 284 1.43
Marico 337 347 2.97 Crest Ventures 163 185 13.5
Hero Moto 3150 3196 1.46 Amarjyoti Spining 101 104 2.97
ITD Cementation 121 133 9.92 Orient Paper 46 47 2.17
RITES 239 261 9.21 Jamna Auto 79 80 1.27
Berger Paints 300 305 1.67 20 Microns 46 48 4.35
TVS Motors 593 603 1.69 Selan Explo 233 238 2.15
Apex Frozen 378 386 2.12 Gokaldas Export 83 89 7.23
Torrent Power 225 234 4 Sail 76 77 1.32
Apollo Hospital 1044 1090 4.41 Mishra Dhatu 132 134 1.52
TCS 2103 2214 5.28 MEP Infra 49 52 6.12
Only Subscribers will get SMART PLUS NEWS LETTER

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

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

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]
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

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.

Financial Weekly

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 776680 079-25508732
Vinod Agency 098254 84098 079-25510104
Mohsin Mansuri 098250 35928 079 - 25350794
Anand Mistry News Agency 098251 73432 02692 - 251032
Akola Vishnu Book Seller 072424 39444
Baroda Shreenath News paper 098982 40228 0265-2413049
Baroda A.G. Vora & Co. 098240 95716 0265-2323248
Bhavnagar Prem News Agency 094289 90615
Suchdev Agency 099040 72336
Bharuch Falgun News Agency 098792 37236
Gandhidham A.H. Pandya 098252 37212 02836-220212
Jodhpur Sarvoday Book Stall 0291-26533734
Jamnagar Mahesh Agency 098982 85979
Mehsana Mens Paper Agents 098256 36988 27621236007
Mumbai Varavadkar & Co. 093231 29040
Navsari Jaydeep News Agency 098983 59235
PUNE Sandesh AGency 020-66021340
Rajkot Thakkar News Aghency 099241 33518 0281-2233518
Surat Surat Book Centre 0 98790 44220 0261-2431158
Solapur Aparna Agency 094220 65825
Surendranagar M. B. Shah 098982 18921
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

1 Oct 2018

Uploaded by

Copyright:

Available Formats

1 Oct 2018

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

1 Oct 2018

Uploaded by

Copyright:

Available Formats

Only Financial Weekly Published in

English & Gujarati Language

Editor : Dilip K. Shah

Phone : 079 - 2657 66 39

SMART 30th Sep. 2018 to 6th Oct. 2018 2

Your soft Copy (E-mail Edition)

SMART 30th Sep. 2018 to 6th Oct. 2018 3

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

More detail about Subscription

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

Combined Package for Weekly & News Letter

Contact : 079-26576639 (M) 9825006980

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

FII Activity (Rs. in Cr.)

Most Popular Webstie for the Stock Market Investors

SMART 6 30th Sep. 2018 to 6th Oct. 2018

Shubham Polyspin Limited

will be listed on BSE SME Emerge. Bee- 80 1500

fabrics products Cont...

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

SMART 30th Sep. 2018 to 6th Oct. 2018 7

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

SMART 30th Sep. 2018 to 6th Oct. 2018 8

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

SMART 30th Sep. 2018 to 6th Oct. 2018 9

Rapid Fire Stocks

Last Week Performance of Rapid Fire Stocks

Tech Mahindra (Rs. 744.00)

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

SMART 30th Sep. 2018 to 6th Oct. 2018 10

Infosys (Rs. 727.00)

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

SMART 30th Sep. 2018 to 6th Oct. 2018 11

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

SMART 30th Sep. 2018 to 6th Oct. 2018 12

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

SMART 30th Sep. 2018 to 6th Oct. 2018 13

Buy or Sell, Confused ?

English & Gujarati Edition Gujarati Edition

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

SMART 30th Sep. 2018 to 6th Oct. 2018 14

Veeram Infra Engineering

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

SMART 30th Sep. 2018 to 6th Oct. 2018 15

CURRENT FINACIAL INDICATORS

Graphic Designing. Being successful in graphic

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

SMART 30th Sep. 2018 to 6th Oct. 2018 16

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

SMART 30th Sep. 2018 to 6th Oct. 2018 17

Nifty near to crucial support level,

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

SMART 30th Sep. 2018 to 6th Oct. 2018 18

FEAR GRIPS MARKET

This Weeks Recommendations

SMART 30th Sep. 2018 to 6th Oct. 2018 19

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

SMART 30th Sep. 2018 to 6th Oct. 2018 20

Sanity is not in Rage for Markets !